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Page 1
PT Bank Mandiri Taspen



2025
Laporan Tahunan
Annual Report




             Transparansi untuk Keberlanjutan,
             Membangun Nilai Jangka Panjang
                  Transparency for Sustainability, Building Long-Term Value
Page 2

          
Page 3
                                                    Transparansi untuk Keberlanjutan,
                                                    Membangun Nilai Jangka Panjang
                                                    Transparency for Sustainability,
                                                    Building Long-Term Value




2025                 Di tengah tantangan ekonomi yang terus berkembang, PT Bank Mandiri Taspen, yang selanjutnya
                     disebut Bank Mandiri Taspen, tetap berkomitmen untuk memperkuat implementasi keberlanjutan
Laporan Tahunan
                     dalam setiap aspek bisnisnya dengan menjunjung tinggi prinsip transparansi. Sebagai lembaga
Annual Report
                     keuangan yang fokus pada pelayanan pensiun dan tabungan, Bank Mandiri Taspen meyakini
                     bahwa transparansi merupakan fondasi penting dalam menciptakan keberlanjutan dan nilai jangka
                     panjang bagi nasabah, karyawan, dan komunitas. Melalui keterbukaan informasi dan penerapan
                     prinsip-prinsip lingkungan, sosial, dan tata kelola (Environmental, Social, and Governance/ESG),
                     Bank Mandiri Taspen berupaya meningkatkan kualitas layanan, memperluas inklusi keuangan,
                     serta mendukung pertumbuhan ekonomi yang lebih inklusif dan berkelanjutan.
                     Bank Mandiri Taspen terus memperkuat tata kelola keberlanjutan melalui peningkatan
                     akuntabilitas, transparansi pelaporan, serta pengelolaan risiko ESG secara terintegrasi.
                     Perusahaan juga mengembangkan produk dan layanan yang bertanggung jawab, meningkatkan
                     literasi keuangan masyarakat, serta mendukung program sosial yang memberikan dampak positif.
                     Seluruh inisiatif tersebut dilaksanakan dengan memastikan bahwa setiap keputusan bisnis
                     dilakukan secara terbuka, terukur, dan selaras dengan prinsip keberlanjutan, guna menciptakan
                     nilai jangka panjang sekaligus membangun dan menjaga kepercayaan para pemangku kepentingan.

                     Amidst evolving economic challenges, PT Bank Mandiri Taspen, hereinafter referred to as Bank
                     Mandiri Taspen, remains committed to strengthening the implementation of sustainability in
                     every aspect of its business by upholding the principle of transparency. As a financial institution
                     focused on pension and savings services, Bank Mandiri Taspen believes that transparency is a
                     crucial foundation for creating sustainability and long-term value for customers, employees, and
                     the community. Through information disclosure and the implementation of environmental, social,
                     and governance (ESG) principles, Bank Mandiri Taspen strives to improve service quality, expand
                     financial inclusion, and support more inclusive and sustainable economic growth.

                     Bank Mandiri Taspen continues to strengthen its sustainability governance through increased
                     accountability, reporting transparency, and integrated ESG risk management. The company also
                     develops responsible products and services, improves public financial literacy, and supports
                     social programs that have a positive impact. All of these initiatives are implemented by ensuring
                     that every business decision is made transparently, measurably, and aligned with sustainability
                     principles, in order to create long-term value while building and maintaining stakeholder trust.




2025 Annual Report                                                                                              3
Page 4
Kesinambungan Tema
Continuity of Theme


                                                                   Peningkatan Berkelanjutan
                                                                   & Operasional Unggul untuk
                                                                   Menghadapi Tantangan Masa Depan
                                                                   Continuous Improvement & Excellent
                                                                   Operations to Embrace Future Challenges




                                                                   2024
                                                                   Laporan Tahunan
                                                                   Annual Report




Di tengah perubahan teknologi, harapan nasabah, serta              Amidst technological changes, customer expectations, and
tantangan sosial dan lingkungan, Bank Mandiri Taspen               social and environmental challenges, Bank Mandiri Taspen
menempatkan        perbaikan      berkelanjutan      (continuous   places continuous improvement and operational excellence
improvement) dan keunggulan operasional sebagai fondasi            as the main foundation in maintaining competitiveness and
utama dalam mempertahankan daya saing dan menciptakan              creating long-term value. Bank Mandiri Taspen is committed
nilai jangka panjang. Bank Mandiri Taspen berkomitmen untuk        to continuing to innovate and improve every aspect of the
terus melakukan inovasi dan penyempurnaan dalam setiap             business, both in terms of products, services, risk management
aspek bisnis, baik dari sisi produk, layanan, sistem manajemen     systems, and HR quality. This improvement is dynamic and
risiko, maupun kualitas SDM. Peningkatan ini bersifat dinamis      adaptive to market needs and regulatory developments.
dan adaptif terhadap kebutuhan pasar serta perkembangan
regulasi.

Keunggulan operasional di Bank Mandiri Taspen diwujudkan           Operational excellence at Bank Mandiri Taspen is realized
melalui proses kerja yang efisien, andal, dan berstandar           through efficient, reliable, and high-standard work processes.
tinggi. Bank Mandiri Taspen secara konsisten mencatatkan           Bank Mandiri Taspen consistently records consistent
pertumbuhan kinerja yang konsisten dan terus tumbuh sustain.       performance growth and continues to grow sustainably. With
Dengan pertumbuhan kinerja yang optimal dan permodalan             optimal performance growth and increasingly strong capital,
yang semakin kuat, Bank Mandiri Taspen berhasil naik kelas ke      Bank Mandiri Taspen has successfully moved up to KBMI II.
KBMI II. Bank Mandiri Taspen akan terus menyelaraskan arah         Bank Mandiri Taspen will continue to align the direction and
dan kebijakan bank sehingga tetap relevan dengan kebutuhan         policies of the bank so that it remains relevant to Customer
Customer.                                                          needs.

Dengan fondasi peningkatan berkelanjutan dan operasional           With a foundation of continuous improvement and superior
unggul, Bank Mandiri Taspen mempersiapkan diri menghadapi          operations, Bank Mandiri Taspen prepares itself to face future
tantangan masa depan. Bank memastikan bahwa ke depannya            challenges. The Bank ensures that in the future it will not
tidak hanya mampu bertahan, tetapi juga tumbuh secara              only be able to survive, but also grow sustainably and make
berkelanjutan dan berkontribusi nyata terhadap pembangunan         a real contribution to national development, especially in
nasional, khususnya dalam mendukung kesejahteraan segmen           supporting the welfare of the pensioner segment and micro-
pensiunan dan pelaku usaha mikro.                                  entrepreneurs.




      4                                                                                                     Laporan Tahunan 2025
Page 5
                                                                                                      PT Bank Mandiri Taspen




                                                                 Melanjutkan Pertumbuhan
                                                                 Berkelanjutan di Era Digital
                                                                 Continuing Sustainable Growth
                                                                 in the Digital Age




                                                                 2023
                                                                 Laporan Tahunan
                                                                 Annual Report




Bank Mandiri Taspen senantiasa berkomitmen untuk                 Bank Mandiri Taspen is always committed to creating
menciptakan        pertumbuhan      ekonomi     menuju    arah   economic growth towards sustainable development in the
pembangunan berkelanjutan di era digital saat ini. Dalam         current digital era. In realizing this growth, the Bank focuses
mewujudkan pertumbuhan tersebut, Bank berfokus pada              on retail and institutional funding. In this case, Bank Mandiri
retail funding dan institusi. Dalam hal ini, Bank Mandiri        Taspen is increasing retail funding in the pension and senior
Taspen meningkatkan retail funding pada segmen pensiun           citizen segments through developing digital banking products
dan senior citizen melalui pengembangan produk dan fitur         and features as well as developing funding in the MSE,
digital banking serta mengembangkan funding pada segmen          institutional and wholesale segments as well as VIP Employees
UMK, institusi, dan wholesale serta Pegawai dan Pensiunan        and Pensioners. In order to increase this growth, Bank Mandiri
VIP. Dalam rangka peningkatan pertumbuhan tersebut,              Taspen synergizes with Bank Mandiri to maximize the use of
maka Bank Mandiri Taspen bersinergi dengan Bank Mandiri          IT infrastructure and strengthen cooperation with PT TASPEN
untuk memaksimalkan pemanfaatan Infrastruktur IT serta           (Persero) & Group, PT ASABRI (Persero) and Dapen in the
memperkuat kerjasama dengan PT TASPEN (Persero) &                form of IT integration, product and service development. By
Group, PT ASABRI (Persero) dan Dapen baik dalam bentuk           developing these facilities and infrastructure, Bank Mandiri
integrasi IT, pengembangan produk maupun layanan. Dengan         Taspen can increase customer base and funding, especially
pengembangan sarana dan infrastruktur tersebut, Bank             retail funding through digital development. Apart from that,
Mandiri Taspen dapat meningkatkan customer based dan             Bank Mandiri Taspen can gradually increase innovation in
pendanaan terutama funding retail melalui pengembangan           services and products at Bank Mandiri Taspen.
digital. Selain itu, Bank Mandiri Taspen secara bertahap dapat
meningkatkan inovasi pada layanan dan produk yang ada di
Bank Mandiri Taspen.




2025 Annual Report                                                                                                      5
Page 6
                                                                Mempercepat Pertumbuhan
                                                                Berkelanjutan untuk Menghadapi
                                                                Tantangan Masa Depan
                                                                Accelerating Sustainable Growth to Face
                                                                The Challenges of The Future




                                                                2022
                                                                Laporan Tahunan
                                                                Annual Report




Bank Mandiri Taspen sebagai bagian dari industri perbankan      Bank Mandiri Taspen, as part of the banking industry, is
berkomitmen untuk mewujudkan ekonomi hijau sebagai              committed to realizing a green economy as an effort to
salah satu upaya menciptakan pertumbuhan ekonomi menuju         create economic growth towards sustainable development.
arah pembangunan berkelanjutan. Komitmen tersebut               This commitment has been consistently and persistently
telah dijalankan secara konsisten dan persisten melalui         implemented through the implementation of sustainable
implementasi keuangan berkelanjutan dengan tiga pilar           finance with three main pillars: environmental, social, and
utama yaitu, environmental, social and governance (ESG). Bank   governance (ESG). Bank Mandiri Taspen is a bank that focuses
Mandiri Taspen merupakan bank yang fokus pada kebutuhan         on the needs of MSMEs and retirees. Therefore, its financing
UMKM dan pensiunan. Oleh karena itu, pelaksanaan                implementation is aligned with the implementation of the
pembiayaannya diselaraskan dengan implementasi Rencana          Sustainable Finance Action Plan (RAKB) by distributing green
Aksi Keuangan Berkelanjutan (RAKB) dengan penyaluran            sector financing to MSMEs engaged in businesses such as
pembiayaan sektor hijau pada UMKM yang bergerak di bidang       agriculture, livestock, inland and marine fisheries. 2022
usaha seperti pertanian, peternakan, perikanan darat dan        marks the third year for Bank Mandiri Taspen to implement
laut. Tahun 2022 merupakan tahun ketiga bagi Bank Mandiri       sustainable finance and has been able to improve the Bank’s
Taspen menerapkan keuangan berkelanjutan dan telah              performance, particularly in increasing loans disbursed. The
mampu meningkatkan kinerja Bank khususnya peningkatan           Bank’s loans disbursed in 2022 reached IDR 6.91 trillion, an
pada kredit yang diberikan. Kredit yang diberikan Bank pada     increase of 17.73% from IDR31.35 trillion in 2021. Going
tahun 2022 mencapai Rp36,91 triliun, meningkat sebesar          forward, the Bank will continue to drive business growth by
17,73% dari tahun 2021 yang sebesar Rp31,35 triliun. Ke         increasing the absorption of sustainable finance financing
depannya, Bank akan terus meningkatkan pertumbuhan              products.
bisnis melalui peningkatan penyerapan produk pembiayaan
keuangan berkelanjutan.




      6                                                                                                 Laporan Tahunan 2025
Page 7
                                                                                                    PT Bank Mandiri Taspen




                                                                 Meningkatkan Keunggulan Bisnis
                                                                 Melalui Pengembangan dan
                                                                 Modernisasi Proses Bisnis
                                                                 Improving Business Advantage through
                                                                 The Development and Business Process
                                                                 Modernization


                                                                 2021
                                                                 Laporan Tahunan
                                                                 Annual Report




Bank Mandiri Taspen telah mengembangkan strategi teknologi       Bank Mandiri Taspen has developed an information technology
informasi dalam rangka pengembangan dan modernisasi              strategy in the context of developing and modernizing
proses bisnis. Strategi tersebut dikemas dalam 3 (tiga)          business processes. The strategy is packaged in 3 (three)
fokus transformasi yaitu Transformasi People, Transformasi       transformation focuses, namely People Transformation,
Process dan Transformasi Technology. Transformasi People         Process Transformation and Technology Transformation.
dilakukan dengan membangun struktur organisasi yang              People transformation was carried out by building an
didukung oleh tim dengan kompetensi teknis dan manajerial        organizational structure supported by a team with technical
dengan menyempurnakan struktur organisasi dan kapabilitas        and managerial competence by completing the organizational
team dalam penggunaan teknologi dan selaras dengan               structure and team capabilities in using technology and in
governance bank yang ada. Transformasi Process dilakukan         line with existing bank governance. Process transformation
dengan menerapkan methodology sesuai standar dan best            was carried out by applying a methodology according to
practice untuk meminimalisir risiko dan mengefisienkan           standards and best practices to minimize risk and streamline
proses melalui otomatisasi. Penerapan transformasi proses        processes through automation. One of the implementations of
ini salah satunya adalah dengan melakukan standarisasi           this process transformation was by standardizing information
proses teknologi informasi (TI) untuk meningkatkan quality       technology (IT) processes to improve quality development
development dan operation serta peningkatan kemampuan            and operations as well as increasing strategic planning
strategic planning dan Arsitektur TI. Sedangkan Transformasi     and IT architecture capabilities. Meanwhile, Technology
Technology dilakukan dengan mengembangkan teknologi              Transformation was carried out by developing technology
dengan basis platform-platform sesuai best practice terkini di   based on platforms according to the latest best practices in
industri perbankan.                                              the banking industry.

Dalam rangka pengembangan modernisasi proses bisnis pada         In the context of developing business process modernization,
tahun 2021 Bank Mandiri Taspen telah melakukan Assessment        in 2021 Bank Mandiri Taspen conducted an Existing Banking
Core Banking Eksisting; menuntaskan pengembangan BM-             Core Assessment; completed the development of BM-
One, Treasury System (Finacle), aplikasi eksisting serta         One, Treasury System (Finacle) as existing applications and
pengoptimalan SOA dan Big Data; memperkuat kondisi               optimization of SOA and Big Data; strengthened the condition
infrastruktur IT; melaksanakan pengadaan baik sewa/beli          of IT infrastructure; carried out procurement of both rental
perangkat; menuntaskan implementasi backup management,           and purchase of equipment; completed the implementation
Software Define Network (SDN), optimalisasi Operasional          of back up management, Software Define Network (SDN),
IT Security, dan Application Performance Monitoring; serta       optimization of IT Security Operations, and Application
melakukan penyesuaian terhadap Struktur organisasi IT.           Performance Monitoring; and made adjustments to the IT
Modernisasi proses bisnis yang telah dilakukan di tahun 2021     organizational structure. Business process modernization
telah mampu meningkatkan kinerja operasional dan keuangan        carried out in 2021 was able to improve the operational and
Bank Mandiri Taspen.                                             financial performance of Bank Mandiri Taspen.




2025 Annual Report                                                                                                   7
Page 8
Daftar Isi
Table of Contents


   3   Tema dan Arti Tema /
       Themes and Meaning of Themes
   4   Kesinambungan Tema / Theme Continuity
   8   Daftar Isi / Table of Contents
                                                                         Profil Perusahaan
                                                                         Company Profile
 12    Sekilas Tentang Bank Mandiri Taspen /
       The Overview of Bank Mandiri Taspen
                                                                           84    Identitas Perusahaan / Company Identity
 14    Jejak Langkah / Milestones                                                Nama dan Alamat Kantor Cabang dan Kantor Cabang
                                                                           86
                                                                                 Pembantu / Names and Addresses of Branch Offices and
 16    Kontribusi Terbaik Kami /
                                                                                 Sub-Branch Offices
       Our Best Contribution
                                                                           88    Brand Perusahaan / Company Brand

                                                                           91    Riwayat Singkat Perusahaan / Brief History of The Company

                                                                           93       Keterangan Perubahan Nama / Description of Name
                                                                                    Change

                                                                           94    Visi, Misi dan Budaya Perusahaan / Vision, Mission, and
Kilas Kinerja                                                                    Company Culture
Performance Highlights
                                                                           94       Visi / Vision
  26   Pencapaian Kinerja Perusahaan /
       Achievement of Company Performance                                  95       Misi / Mission

  28   Ikhtisar Data Keuangan Penting / Key Financial Highlight            95       Review Visi dan Misi Oleh Dewan Komisaris dan Direksi
                                                                                    / Vision and Mission Review by Board of Commissioners
  28       Ikhtisar Keuangan dan Rasio Keuangan / Financial                         and Directors
           Highlights and Financial Ratios
                                                                           96       Budaya Perusahaan / Corporate Culture
  34       Ikhtisar Operasional / Operational Highlight
                                                                           98    Kegiatan Usaha / Business Fields
  35   Informasi Saham / Stock Information
                                                                           98       Kegiatan Usaha Menurut Anggaran Dasar dan yang
  35       Aksi Korporasi / Corporate Action                                        Dijalankan / Business Activities Based on the Articles of
                                                                                    Association and are Conducted
  35       Aksi Penghentian Sementara Perdagangan Saham
           (Suspension) dan/atau Penghapusan Pencatatan Saham              99       Produk dan Jasa / Products and Services
           (Delisting) / The Action of Provisional Suspension of Share
           Trading (Suspension) and/or Delisting of Share                 106    Wilayah Operasional / Operational Area

  36   Informasi Obligasi, Sukuk dan/atau Obligasi Konversi / Bond        111    Daftar Keanggotaan Asosiasi / List of Association Membership
       Information, Sukuk and Conversion Bonds
                                                                          112    Struktur Organisasi / Organizational Structure
  38   Peristiwa Penting / Important Events
                                                                          114    Profil Direksi / Directors Profile

                                                                          125    Profil Dewan Komisaris / Board of Commissioners Profiles

                                                                          125    Profil Pejabat Eksekutif / Executive Officers Profile

                                                                          151    Profil Karyawan / Employee Profile

                                                                          151       Jumlah Karyawan Berdasarkan Jenis Kelamin / Number of
Laporan Direksi dan Dewan Komisaris                                                 Employees Based on Gender
Report of Directors and Board of Commissioners                            151       Jumlah Karyawan Berdasarkan Rentang Usia / Number of
                                                                                    Employees Based on Age Range
  46   Laporan Direksi / Board of Directors’ Report
                                                                          152       Jumlah Karyawan Berdasarkan Level Jabatan / Number of
                                                                                    Employees Based on Position Level
  66   Laporan Dewan Komisaris / Board of Commissioners’ Report
                                                                          152       Jumlah Karyawan Berdasarkan Tingkat Pendidikan /
  80   Surat Pernyataan Anggota Direksi dan Anggota Dewan
                                                                                    Number of Employees Based on Education Level
       Komisaris / Statement Letter Members of Directors and
       Members of the Board of Commissioners                              153       Jumlah Karyawan Berdasarkan Status Kepegawaian /
                                                                                    Number of Employees Based on Employment Status

                                                                          153       Pengembangan Kompetensi / Competency Development

                                                                          155    Komposisi Pemegang Saham / Composition of Shareholders

                                                                          155       Klasifikasi Pemegang Saham / Shareholder Classification




       8                                                                                                                 Laporan Tahunan 2025
Page 9
                                                                                                               PT Bank Mandiri Taspen




 155      Komposisi 20 Pemegang Saham Terbesar / Composition of       189   Tinjauan Operasi per Segmen Usaha /
          The 20 Biggest Shareholders                                       Operation Review Per Business Segment

 156      Komposisi Pemegang Saham 5% atau Lebih / Composition        204   Tinjauan Keuangan / Financial Review
          of Shareholder Owning 5% or More Shares
                                                                      204     Kinerja Keuangan / Financial Performance
 156      Komposisi Kelompok Pemegang Saham Masyarakat
          Kurang dari 5% / Group of Society Shareholder Owning        204      Laporan Posisi Keuangan / Financial Position Report
          Less Than 5%
                                                                      218      Laporan Laba Rugi dan Penghasilan Komprehensif Lain
 156      Kepemilikan Saham Dewan Komisaris, Direksi dan                       / Income Statement and Other Comprehensive Income
          Manajemen / Share Ownership by the Board of                          Report
          Commissioners, Directors and Management
                                                                      223      Laporan Arus Kas / Cash Flow Statement
 157   Pemegang Saham Utama dan Pengendali /
       Main Shareholders and Controlling                              227     Kemampuan Membayar Utang dan Kolektibilitas Piutang /
                                                                              Ability to Pay Debt and Receivable Collectability
 157   Daftar Entitas Anak, Entitas Asosiasi dan Perusahaan Ventura
       Bersama / List of Subsidiaries, Associates and Joint Venture   233     Suku Bunga Dasar Kredit / Interest Rate on Credit
       Companies
                                                                      234     Suku Bunga Dana / Fund Interest Rate
 158   Struktur Grup Perusahaan / Company Group Structure
                                                                      235     Kualitas Aset Produktif / The Quality of Productive Assets
 158   Informasi Kelompok Usaha Bank / Bank Business Group
       Information                                                    236     Fee Based Income / Fee Based Income

 159   Kronologi Penerbitan Saham / Share Listing Chronology          238     Struktur Modal / Capital Structure

 160   Kronologi Penerbitan Obligasi / Chronology Issuing Bonds       243     Ikatan Material Investasi Barang Modal /
                                                                              Material Investments In Capital Goods
 162   Informasi Penggunaan Jasa Akuntan Publik (AP) dan Kantor
       Akuntan Publik (KAP) / Information on using the Services of    244     Investasi Barang Modal / Capital Goods Investment
       Public Accounting (AP) and Public Accounting Offices (KAP)
                                                                      245     Komitmen dan Kontinjensi / Commitment and Contingency
 163   Lembaga dan/atau Profesi Penunjang / Supporting Institutions
       and/or Professions                                             245     Informasi dan Fakta Material Setelah Tanggal Laporan
                                                                              Akuntan / Information and Material Facts After
 164   Penghargaan dan Sertifikasi / Awards and Certifications                The Date of the Accountant’s Report

 167   Informasi pada Website Perusahaan / Information on the         246     Prospek Usaha dan Strategi ke Depan Tahun 2026 /
       Company’s Website                                                      Business Prospects and Strategies for 2026

                                                                      251     Pencapaian Target dan Target Ke Depan /
                                                                              Target Achievement and Future Targets

                                                                      251      Pencapaian Target / Target Achievements

                                                                      254      Target Ke Depan (Proyeksi) 2026 /
                                                                               Future Target (Projection) 2026

                                                                      262     Kebijakan, Pengumuman dan Pembayaran Dividen / Policy,
Analisis dan Pembahasan Manajemen                                             Announcement and Payment of Dividend
atas Kinerja Bank                                                     263     Realisasi Penggunaan Dana Hasil Penawaran Umum /
Management Discussion and Analysis of Bank Performance                        Realization of Use of Public Offering Proceeds

                                                                      264     Informasi Material Mengenai Investasi, Ekspansi,
                                                                              Penggabungan/ Peleburan Usaha, Divestasi, Akuisisi, atau
                                                                              Restrukturisasi Hutang dan Modal / Material Information
 170   Tinjauan Perekonomian / Economic Review                                Regarding Investment, Expansion, Business Merger/
         Analisis Perekonomian Global /                                       Consolidation, Divestment, Acquisition, or Debt and Capital
 170
         Global Economic Analysis                                             Restructuring

 172     Analisis Perekonomian Nasional /                             266     Informasi Material yang Mengandung Benturan
         National Economic Analysis                                           Kepentingan, Transaksi Afiliasi dan Transaksi Pihak Berelasi /
                                                                              Material Information Containing Conflicts of Interest, Affiliate
 174     Analisis Industri Perbankan / Banking Industry Analysis              Transactions and Related Party Transactions

 175     Analisis Posisi Bank Mandiri Taspen Dalam Industri           274     Kebijakan Pemberian Pinjaman Bagi Dewan Komisaris/
         Perbankan / Analysis of Bank Mandiri Taspen Position in              Direksi / Loans Provision Policy for the Board of
         the Banking Industry                                                 Commissioners/Directors

 178   Tinjauan Operasional / Operational Review                      274     Perubahan Peraturan Perundang-Undangan dan
                                                                              Dampaknya / Changes in Laws and Regulations and Their
 179     Rencana Strategis Bank / Bank Strategic Plan                         Impacts

 181     Aspek Pemasaran / Marketing Aspect                           286     Perubahan Kebijakan Akuntansi /
                                                                              Change in Accounting Policies
 181       Strategi Pemasaran / Marketing Strategy
                                                                      287     Tingkat Kesehatan Bank / Bank Soundness Level
 182       Pangsa Pasar / Market Share
                                                                      287     Informasi Kelangsungan Usaha /
 185       Penanganan Pengaduan Nasabah /                                     Business Continuity Information
           Customer Complaints Management




2025 Annual Report                                                                                                                  9
Page 10
 289         Kerangka Governansi, Pengelolaan dan Pengendalian Aspek
             Perpajakan / Governance Framework, Management and
             Control Aspect of Taxation

 290         Larangan, Batasan dan/atau Hambatan Signifikan Untuk
             Melakukan Penyediaan Dana Antara Bank dan Entitas Lain
             Dalam Suatu Kelompok Usaha /                                Sumber Daya Manusia
             Prohibitions, Limitations and/or Significant Obstacles To   Human Capital
             The Provision of Funds Between Banks and Other Entities
             in a Business Groups

 292         Transaksi Spot dan Transaksi Derivatif /                     448    Strategi Manajemen Sumber Daya Manusia /
             Spot Transactions and Derivative Transactions                       Strategy of Human Resources Management

                                                                          450    Kebijakan dan Pelaksanaan Manajemen Sumber Daya
                                                                                 Manusia / Policy and Implementation of Human Resource
                                                                                 Management

                                                                          450      Rekrutmen / Recruitment

                                                                          450      Pengembangan Kompetensi /
                                                                                   Competency Development

                                                                          451      Pengembangan Karir / Career Development

Informasi Eksposur Risiko dan Permodalan                                  452      Penilaian Kinerja / Work Assessment
Risk Exposure and Capital Information                                     453      Remunerasi / Remuneration

                                                                          453      Program Pensiun / Pension Program
 296    Ukuran Utama (Key Metrics/KM1) / Key Metrics (KM1)
                                                                          454    System and Infrastructure Human Capital
 298    Perbedaan Antara Cakupan Konsolidasi dan Mapping Pada
        Laporan Keuangan Sesuai Standar Akuntansi Keuangan                455    Internalisasi Budaya / Culture Internalization
        dengan Kategori Risiko Sesuai dengan Ketentuan Otoritas
                                                                          458    Keterbukaan Informasi Kepada Pegawai /
        Jasa Keuangan Kategori Risiko (LI1) / Differences Between
                                                                                 Disclosure of Information to Employees
        the Scope of Consolidation and the Mapping in Financial
        Statements in Accordance with Financial Accounting                459    Struktur Pengelola Sumber Daya Manusia / Structure of
        Standards and Risk Categories in Accordance with the                     Human Resource Management
        Financial Services Authority Regulations (LI1)
                                                                          460    Rencana Kerja Sumber Daya Manusia 2026 /
 304        Perbedaan Utama Antara Nilai Tercatat Sesuai Standar
                                                                                 The Human Resources Work Plan for 2026
            Akuntansi Keuangan dengan Nilai Eksposur Sesuai dengan
            Ketentuan OJK (LI2) / Main Differences Between Carrying
            Amounts in Accordance with Financial Accounting Standards
            and Exposure Values in Accordance with OJK Regulations
            (LI2)

 305        Penjelasan Mengenai Perbedaan Antara Nilai Eksposur
            Sesuai dengan Standar Akuntansi Keuangan dengan
            Ketentuan OJK (LIA) / Explanation of Differences Between     Teknologi Informasi
            Exposure Values in Accordance with Financial Accounting
                                                                         Information Technology
            Standards and OJK Regulations (LIA)

 306        Permodalan / Capital
                                                                          464    Master Plan dan Strategi Teknologi Informasi /
 321        Manajemen Risiko -Pendekatan Manajemen Risiko Bank                   Master Plan and Strategy of Information Technology
            (OVA) / Risk Management – Bank Risk Management Approach
            (OVA)                                                         466    Manajemen Infrastruktur & Ketahanan IT /
                                                                                 Infrastructure Management & IT Resilience
 324        Rasio Pengungkit / Leverage Ratio
                                                                          467    Tata Kelola Teknologi Informasi /
 329        Risiko Kredit / Credit Risk                                          Information Technology Governance

 378        Risiko Pasar / Market Risk                                    473    Struktur Pengelola Teknologi Informasi /
                                                                                 Information Technology Management Structure
 386        Risiko Likuiditas / Liquidity Risk
                                                                          474    Rencana Kerja Teknologi Informasi 2026 / Information
 417        Risiko Operasional / Operational Risk                                Technology Work Plan 2026

 430        Risiko Hukum / Legal Risk

 431        Risiko Reputasi / Reputation Risk

 435        Risiko Stratejik / Strategic Risk

 437        Risiko Kepatuhan / Compliance Risk

 440        Risiko Tingkat Suku Bunga / Interest Rate Risk

 445        Penerapan Manajemen Permodalan Terintegrasi /
            Implementation of Integrated Capital Management




       10                                                                                                               Laporan Tahunan 2025
Page 11
                                                                                                                 PT Bank Mandiri Taspen




                                                                       735       Akses Informasi dan Data Perusahaan /
                                                                                 Access To Company Information and Data

                                                                       743       Kode Etik / Code of Ethics

                                                                       747       Kebijakan Pemberian Kompensasi Jangka Panjang Berbasis
Corporate Governance                                                             Kinerja / Performance-Based Long-Term Compensation
Corporate Governance                                                             Policy

                                                                       750       Whistleblowing System

 478   Pencapaian dalam Penerapan Tata Kelola Perusahaan /             757       Program Anti Korupsi / Anti-Corruption Program
       Achievements in the Implementation of Corporate Governance
                                                                       765       Pengelolaan Laporan Harta Kekayaan Penyelenggara Negara
 478    Dasar Penerapan Tata Kelola Perusahaan / The Basic of                    (LHKPN) / Management of Country Property Rights (LHKPN)
        Corporate Governance / Implementation
                                                                       765       Jumlah Penyimpangan (Internal Fraud) dan Upaya
 479    Struktur dan Mekanisme Tata Kelola Perusahaan / Corporate                Penyelesaian / Total Internal Fraud and Attention Attempts
        Governance Structure and Mechanism
                                                                       765       Pemberian Dana Kegiatan Sosial dan/atau Politik / Funding
 479    Struktur Organ Perusahaan /                                              of Social and/or Political Activities
        Organ Structure of The Company
                                                                       766       Penyediaan Dana Kepada Pihak Terkait
 480    Governance Soft Stucture                                                 dan Penyediaan Dana Besar / Provision of Funds For
                                                                                 Related Parties and Provision of Large Exposures
 481    Mekanisme Tata Kelola Perusahaan /
        Corporate Governance Mechanism                                 766       Buyback Saham dan Buyback Obligasi / Share Buyback and
                                                                                 Bond Buybackv
 481      Pemegang Saham / Shareholders
                                                                       766       Rencana Strategis Bank / The Bank’s Strategic Plan
 481      Rapat Umum Pemegang Saham /
          General Meeting of Shareholders                              767       Transaksi yang Mengandung Benturan Kepentingan /
                                                                                 Transaction That Contained Conflicts of Interest
 496      Direksi / Board of Directors
                                                                       767       Perselisihan Internal / Internal Disputes
 528      Dewan Komisaris / Board of Commissioners
                                                                       767       Pencegahan Transaksi Orang Dalam (Insider Trading) /
 556      Nominasi dan Remunerasi Dewan Komisaris dan                            Prevention of Inside Transactions (Insider Trading)
          Direksi / Nomination and Remuneration of The Board of
          Commissioners and Board of Directors                         768       Transparansi Kondisi Keuangan dan Non Keuangan
                                                                                 Perusahaan / Transparency of Financial and Non-Financial
 561      Kebijakan Keberagaman Dewan Komisaris dan Direksi /                    Conditions of the Company
          Policies on Diversity of Board of Commissioners and Board
          of Directors                                                 769       Penerapan Keuangan Berkelanjutan, Termasuk Penerapan
                                                                                 Tanggung Jawab Sosial / Implementation of Sustainable
 565      Kebijakan Pengungkapan Informasi                                       Finance, Including Corporate Social Responsibility
          Kepemilikan Saham Dewan Komisaris
          dan Direksi Serta Pelaksanaannya / Policy on Disclosure      770       Kelompok Usaha Bank / Bank Business Group
          of Information on Share Ownership of the Board of
          Commissioners and Directors and Their Implementation         771       Penerapan Tata Kelola Terintegrasi /
                                                                                 The Implementation of Integrated Governance
 566      Organ dan Komite di Bawah Dewan Komisaris /
          Organs and Committees Under The Board of                     774    Penerapan Pedoman Tata Kelola Perusahaan Terbuka /
          Commissioners                                                       Application of Guidelines Open Corporate Governance

 602      Organ dan Komite di Bawah Direksi / Organs and               791    Good Corporate Governance Assessment
          Committees Under the Board of Directors
                                                                       809    Praktik Bad Corporate Governance /
 675      Penerapan Tata Kelola Dalam Pemberian                               Practice Bad Corporate Governance
          Remunerasi Bagi Bank Umum / Implementation of Good
          Corporate Governance in Providing Remuneration for
          Commercial Banks

 682      Akuntan Publik / Public Accountant                          Tanggung Jawab Sosial Perusahaan
                                                                      Corporate Social Responsibility
 684      Sistem Pengendalian Internal / Internal Control System

 695      Manajemen Risiko / Risk Management

 713      Fungsi Kepatuhan / Compliance Function
                                                                      Indeks Referensi OJK
 724      Program Anti Pencucian Uang (APU) dan                       OJK Reference Index
          Pencegahan Pendanaan Terorisme (PPT) / Anti-Money
          Laundering (AML) and Terrorism Financing Prevention
          (TFP) Programs

 727      Perkara Hukum / Important Case                              Laporan Keuangan
                                                                      Financial Statements
 735      Sanksi Administratif yang Dikenakan Kepada Perusahaan,
          Anggota Dewan Komisaris dan Direksi Oleh Otoritas Pasar
          Modal dan Otoritas Lainnya / Administrative Sanctions
          Imposed on Companies, Members of The Board Of
          Commissioners and Board of Directors By Capital Market
          Authorities and Other Authorities




2025 Annual Report                                                                                                                  11
Page 12
Sekilas Tentang Bank Mantap
The Overview of Bank Mantap




                                      48,437%          0,465%                    51,098%
             Kepemilikan
               Ownership

                                     PT TASPEN      Ida Bagus Made       PT Bank Mandiri
                                      (Persero)     Putra Jandhana        (Persero) Tbk




                                                  Total Aset
                                                  Total Assets


Segmen Produk Simpanan
                                                  Rp
                                                       73,02          triliun
                                                                      trillion


Deposit Product Segment




         Tabungan                  Giro                          Deposito
           Saving             Current Accounts                   Deposito




   12                                                                Laporan Tahunan 2025
Page 13
                                                                                  PT Bank Mandiri Taspen




Segmen Produk Kredit
Credit Product Segments



                 Mikro                           Retail                            Pensiun
                 Micro                           Retail                            Pension




Jasa dan Layanan Lainnya
Other Service




                          Online   Mantap Cash       Movin by Bank     Agen Penjual
    Transfer                                                                             QRIS Acquirer
                         Payment   Management        Mandiri Taspen   Efek Reksadana




                                                                      Memiliki
                                                                      Having




                                                                      291
                                                                      Jaringan Kantor
                                                                      Office Networks




2025 Annual Report                                                                              13
Page 14
Jejak Langkah
Milestones
                                                                                               2019
                                                                                             11 Maret, efektif pemindahan Kantor Pusat
                                                                                             Bank Mantap yang semula berkedudukan
                                                                                             dan berkantor pusat di Denpasar-Bali
                       Lebih dari 50 Tahun dalam Inovasi                                     menjadi berkedudukan dan berkantor pusat
                       More than 50 Years of Innovation                                      di Jakarta Pusat sesuai dengan Keputusan
                                                                                             Rapat Umum Pemegang Saham No.53
          Bank Mandiri Taspen berawal dari bank kecil di Kota Denpasar,                      tanggal 31 Oktober 2016 dari Notaris I
 menjadi market leader bank nasional di segmen pensiunan dan UMKM, Bank Mandiri              Gusti Ngurah Putra Wijaya, S.H., Notaris di
                          Taspen terus mencatat sejarah.                                     Denpasar, akta mana kemudian ditegaskan
                                                                                             dengan Penegasan Keputusan Rapat
          Bank Mandiri Taspen began as a small bank in the city of Denpasar,                 Nomor 7 tanggal 5 Maret 2019 serta telah
  becoming the market leader for national banks in the pensioners and MSME segments,         memperoleh persetujuan OJK Nomor: S-5/
                   Bank Mandiri Taspen continues to make history.                            PB.1/2019 tanggal 28 Januari2019 tentang
                                                                                             Rencana Pemisahan dan Pemindahan
                                                                                             Alamat Kantor Pusat (KP).
                                                 2017                                        March 11, effective transfer of Bank
  2014                                         21 Juni, menjadi Perusahaan Tercatat          Mantap’s Head Office which was originally
 22 Desember, resmi dimiliki oleh 3 BUMN       dengan menerbitkan Obligasi I Bank            domiciled and headquartered in Denpasar-
 dengan     kepemilikan    masing-masing       Mandiri Taspen Pos Tahun 2017.                Bali to be domiciled and headquartered
 PT Bank Mandiri (Persero), Tbk 58,25%                                                       in Central Jakarta in accordance with
                                               June 21, became a Listed Company by issuing
 PT Taspen (Persero) 20,20% dan PT Pos                                                       the General Meeting of Shareholders
                                               Bank Mandiri Taspen Pos Bonds I in 2017.
 Indonesia (Persero) 20,20%                                                                  Resolution No. 53 dated October 31, 2016
                                                                                             from Notary I Gusti Ngurah Putra Wijaya,
 December 22, officially owned by 3            7 November, memperoleh persetujuan            SH, Notary in Denpasar, which deed was
 SOEs with ownership respectively              perubahan nama dari Menteri Hukum             confirmed by Confirmation of Meeting
 PT Bank Mandiri (Persero), Tbk 58.25%         dan HAM dan efektif mendapatkan izin          Resolution Number 7 dated March 5, 2019
 PT Taspen (Persero) 20.20% and                penggunaan nama dari Otoritas Jasa            and has obtained FSA approval Number:
 PT Pos Indonesia (Persero) 20.20%             Keuangan pada tanggal 23 Desember             S-5 / PB.1 / 2019 dated 28 January2019
                                               2017 dengan nama PT Bank Mandiri              concerning Plans for Separation and
                                               Taspen                                        Change of Head Office Address (KP).
  2013                                         November 7, obtained approval for
                                               a name change from the Minister of            18 November, menerbitkan Penawaran
 22 Mei, jumlah kepemilikan Bank Mandiri
                                               Law and Human Rights and effectively          Umum          Berkelanjutan      Obligasi
 (Persero) Tbk di PT Bank Sinar Harapan
                                               obtained a license to use the name            Berkelanjutan I Bank Mandiri Taspen
 Bali menjadi 93,23%
                                               from the Financial Services Authority         dengan jumlah pokok Rp1.000.000.000,
 May 3, the total ownership of Bank            on December 23, 2017 under the name           dan pada tanggal 27 November 2019
 Mandiri (Persero) Tbk in PT Bank Sinar        PT Bank Mandiri Taspen                        telah dicatat pada Bursa Efek Indonesia.
 Harapan Bali became 93.23%
                                                                                             November 18, Issued a Public Offering
                                                                                             of Continuous Bonds I Bank Mandiri
                                                 2016                                        Taspen with a principal amount of
  2008                                                                                       IDR1,000,000,000, and on November 27,
                                               17 November, menerbitkan Medium Term
                                                                                             2019, it was listed on the Indonesia Stock
 3 Mei, diakuisisi oleh Bank Mandiri           Note (surat hutang jangka pendek), 31
                                                                                             Exchange.
 (Persero) Tbk dengan kepemilikan saham        Oktober peningkatan Modal Dasar Bank
 80%                                           Mantap untuk menuju Bank BUKU 2
 May 3, was acquired by Bank Mandiri           November 17, issued Medium Term Notes
 (Persero) Tbk with 80% share ownership.
                                                                                               2018
                                               (short-term debt securities), 31 October
                                               increased Bank Mantap’s Authorized            30 November, melaksanakan Right Issue
                                               Capital to go to BUKU 2 Bank                  dengan menerbitkan 140.492.748 saham
                                                                                             yang diambil bagian oleh Bank Mandiri
  1994
                                                                                             dan PT Taspen, sehingga Modal Dasar,
 10 Maret, memperoleh status sebagai                                                         Modal Ditempatkan dan Modal Disetor
                                                 2015
 Bank Umum                                                                                   menjadi Rp751.307.459.000. selanjutnya
                                               23 Januari, memperoleh persetujuan            kepemilikan   saham    Bank    Mandiri
 March 10, obtained      status   as   a
                                               perubahan nama dari Menteri Hukum dan         menjadi 51,077%, PT Taspen 48,416%
 Commercial Bank
                                               HAM dan pada tanggal 7 Agustus 2015           dan pemegang saham lainnya menjadi
                                               nama PT Bank Mandiri Taspen Pos secara        0,507%.
                                               resmi diperkenalkan kepada seluruh            November 30, implemented the Right Issue
  1970                                         masyarakat Indonesia                          by issuing 140,492,748 shares subscribed
 23 Februari, didirikan dengan nama MAI        Januari 23, obtained approval for a name      by Bank Mandiri and PT Taspen, so that
 Bank Pasar Sinar Harapan Bali.                change from the Minister of Law and           the Authorized Capital and Issued Capital
                                               Human Rights and on 7 August 2015 the         was IDR751,307,459,000. furthermore,
 February 23, was established under the        name PT Bank Mandiri Taspen Pos was           Bank Mandiri’s share ownership became
 name MAI Bank Pasar Sinar Harapan Bali.       officially introduced to all Indonesian       51.077%, PT Taspen 48.416% and other
                                               people                                        shareholders became 0.507%.




    14                                                                                                            Laporan Tahunan 2025
Page 15
                                                                                                                 PT Bank Mandiri Taspen




                                                                                                   2025
                                                                                                 17 Agustus bertepatan dengan perayaan
                                                 2022                                            Kemerdekaan Republik Indonesia, Bank
                                                                                                 Mandiri Taspen mengganti core banking
                                               29    April,   Bank    Mandiri   Taspen           system dengan system baru yang bernama
                                               mendapatkan            ijin        untuk          “MAESTRO”, yang merupakan core
                                               menyelenggarakan layanan Transfer                 banking yang agile, reliable dan secure,
                                               BIFAST menggunakan ManTap by Bank                 untuk mendukung kebutuhan bisnis
                                               Mandiri Taspen (Layanan Mobile Banking).          bank dalam mengakselerasi transformasi
                                               Produk ini berfungsi untuk melakukan              layanan digital, meningkatkan kualitas
                                               transaksi transfer dana dengan source of          layanan      perbankan     dan    bertahan
                                               fund rekening tabungan seperti transfer           menghadapi        tantangan     pasar     ke
                                               online tetapi dengan biaya transfer yang          depannya sebagai penguatan dari sisi
                                               lebih murah.                                      architecture, channel integration, data
                                                                                                 analytics, IT infrastructure dan security
                                               April 29, Bank Mandiri Taspen obtained
                                                                                                 On 17 August, coinciding with the
                                               permission to provide BIFAST Transfer
                                                                                                 celebration of Indonesia’s Independence
                                               service using ManTap by Bank Mandiri
                                                                                                 Day, Bank Mandiri Taspen implemented
                                               Taspen (Mobile Banking Service). This             a new core banking system called
                                               product serves to conduct fund transfer           “MAESTRO.” This system is designed to
                                               transactions using the source of funds from       be agile, reliable, and secure, supporting
                                               savings accounts such as online transfers         the Bank’s business needs in accelerating
                                               but with cheaper transfer fees.                   digital service transformation, enhancing
                                                                                                 the quality of banking services, and
                                                                                                 strengthening resilience against future
                                                                                                 market challenges. The implementation
                                                 2021                                            of MAESTRO also reinforced key aspects
                                                                                                 of the Bank’s capabilities, including
                                               1 Mei, Bank Mandiri Taspen mencatatkan
                                                                                                 architecture, channel integration, data
                                               kembali pada Bursa Efek Indonesia
                                                                                                 analytics, IT infrastructure, and security.
                                               (BEI) obligasi sebesar Rp 2 triliun, yang
                                               merupakan bagian dari Penerbitan Umum
                                               Berkelanjutan (PUB) Obligasi Satu
                                               Tahap Kedua tahun 2021 dengan lima
                                                                                                   2024
                                               perusahaan penjamin emisi yakni Mandiri           4 April, Bank Mandiri Taspen ditetapkan
                                               Sekuritas, BNI Sekuritas, BCA Sekuritas,          sebagai kelompok Bank Berdasarkan
                                               BRI Danareksa Sekuritas dan Trimegah              Modal Inti (KBMI) 2 oleh Otoritas Jasa
                                               Sekuritas Indonesia.                              Keuangan yang disampaikan dengan
                                                                                                 surat Nomor S-59/PB.21/2024 tanggal 4
                                               May 1, Bank Mandiri Taspen re-listed on           April 2024, dengan Modal Inti Bank per
                                               the Indonesia Stock Exchange (IDX) bonds          Maret 2024 mencapai di Rp6,57 Triliun.
                                               amounting to IDR2 trillion, which is part         Hal tersebut sesuai dengan POJK Nomor
                                               of the 2021 Second Phase One Phase                12 /POJK.03/2021 Tentang Bank Umum
                                               Continuous Public Issuance (PUB) with five        dimana KBMI 2 merupakan bank dengan
                                               underwriting companies namely Mandiri             Modal Inti lebih dari Rp 6 Triliun sampai
                                               Sekuritas, BNI Sekuritas, BCA Sekuritas,          dengan Rp14 Triliun.
                                               BRI Danareksa Sekuritas and Trimegah              April 4, Bank Mandiri Taspen was
    2020                                       Sekuritas Indonesia.                              designated as a Bank Based on Tier 1
                                                                                                 Capital (KBMI) 2 group by the Financial
  16 Desember, melaksanakan Right                                                                Services Authority conveyed by letter
  Issue dengan menerbitkan 136.686.714         14 Juni, efektif memindahkan alamat Kantor        Number S-59/PB.21/2024 dated April 4,
  saham, selanjutnya 135.993.787 saham         Pusat Bank sehubungan telah mendapat              2024, with the Bank’s Tier 1 Capital as of
  yang diambil bagian oleh Bank Mandiri        persetujuan dari Otoritas Jasa Keuangan           March 2024 reaching IDR6.57 Trillion. This
  dan PT Taspen, sehingga Modal Dasar          (OJK) dengan surat No. S-51/PB.1/2021             was in accordance with OJK Regulation
  menjadi    Rp819.650.816.000,    Modal       tanggal 18 Mei 2021 perihal Rencana               Number 12 /POJK.03/2021 concerning
                                                                                                 Commercial Banks where KBMI 2 was a
  Ditempatkan dan Modal Disetor menjadi        Pemindahan Alamat Kantor Pusat (KP) dan
                                                                                                 bank with Tier 1 Capital of more than IDR6
  Rp819.304.352.500 saham yang tidak           Kantor Cabang (KC), dengan pemindahan             Trillion up to IDR14 Trillion.
  diambil bagian sejumlah 692.927 saham        alamat semula beralamat di Jl. Cikini
  disimpan dalam portepel. Selanjutnya         Raya No. 42 Kel. Cikini, Kec. Menteng,
  kepemilikan saham Bank Mandiri menjadi       Jakarta Pusat menjadi beralamat di Jalan
                                                                                                   2023
  51,098%, PT Taspen 48,437% dan               Proklamasi No. 31 Kel. Pegangsaan, Kec.
  pemegang saham lainnya menjadi 0,465%.       Menteng, Jakarta Pusat.                           8 September, Bank Mandiri Taspen
  December 16, implemented the Right           June 14, effectively changed the address          melakukan        pemekaran        Kantor
                                                                                                 Distribution dari sebelumnya 7 (tujuh)
  Issue by issuing 136,686,714 shares,         of the Bank’s Head Office in connection
                                                                                                 Kantor Distribution menjadi 9 (sembilan)
  then 135,993,787 shares subscribed           with obtaining approval from the Financial        Kantor Distribution untuk meningkatan
  by Bank Mandiri and PT Taspen, so            Services Authority (OJK) with letter No. S-51/    span of control       serta mendorong
  that the Authorized Capital became           PB.1/2021 dated May 18, 2021, regarding           meningkatkan produktivitas terutama di
  IDR819,650,816,000, Issued and Paid-         the Plan to Change the Address of the Head        daerah yang memiliki potensi tinggi.
  up Capital became IDR819,304,352,500         Office (KP) and Branch Offices (KC), with the     September 8, Bank Mandiri Taspen
  692,927 shares were not subscribed for in    change of address from the original address       expanded its Distribution Offices from
  the portfolio. Furthermore, Bank Mandiri’s   at Jl. Cikini Raya No. 42 Ex. Cikini, District.   7 (seven) Distribution Offices to 9 (nine)
  share ownership became 51.098%, PT           Menteng, Central Jakarta, whose address is        Distribution Offices to increase the span
  Taspen 48.437% and other shareholders        at Jalan Proklamasi No. 31 Ex. Pegangsaan,        of control and encouraging increased
  became 0.465%.                               Kec. Menteng, Central Jakarta.                    productivity, especially in areas with high
                                                                                                 potential.




2025 Annual Report                                                                                                                   15
Page 16
Kontribusi Terbaik Kami
Our Best Contributions



               Memiliki Kerja Sama dengan PT Asabri
               Having Cooperation with PT ASABRI

               PT ASABRI merupakan BUMN pengelola asuransi dan                    PT ASABRI is a state-owned enterprise responsible for
               pembayaran pensiun khusus untuk Prajurit TNI, Anggota              managing insurance and pension payments for members of the
               POLRI dan PNS Kementerian Pertahanan Republik Indonesia.           Indonesian National Armed Forces (TNI), Indonesian National
               Sejak tahun 2016, Bank Mandiri Taspen bekerja sama dengan          Police (POLRI), and civil servants of the Ministry of Defense.
               PT ASABRI. Sampai dengan Desember 2025 Bank Mandiri                Since 2016, Bank Mandiri Taspen has collaborated with
               Taspen telah menyalurkan manfaat pensiun kepada 622.385            PT ASABRI. As of December 2025, Bank Mandiri Taspen had
               peserta pensiun dan dari jumlah tersebut sebanyak 54.538           distributed pension benefits to 622,385 pension participants.
               orang merupakan peserta Pensiunan           dari dapen TNI/Polri   Of this total, 54,538 were pensioners from the TNI/Polri pension
               yang mengalami peningkatan sebesar 14,2% dibanding posisi          fund, representing an increase of 14.2% compared to 47,746
               Desember 2024 yang berjumlah 47.746 peserta dengan                 participants in December 2024. This growth contributed to a
               market share sebesar 17,49% dari seluruh peserta pensiunan         market share of 17.49% of total pension beneficiaries in 2025,
               pada tahun 2025 meningkat sebesar 2,41% dibandingkan               reflecting an increase of 2.41% compared to December 2024.
               Desember 2024. Dari Market Share tersebut Bank Mandiri             Based on this market share, Bank Mandiri Taspen ranked
               Taspen menempati posisi ke 5 (lima) sebagai penyalur manfaat       5th among institutions distributing pension benefits under
               pensiun ASABRI.                                                    PT ASABRI.




Peningkatan Kualitas Layanan
Melalui Penguatan Infrastruktur
dan Fasilitas Layanan Jaringan Kantor
Improving Service Quality through Strengthening
Infrastructure and Office Network Service Facilities



         Open Table PT Bank Mandiri Taspen                                           Mobil Layanan yang tersebar di Jaringan Kantor
         di PT Taspen (Persero)                                                      Mobile Service Units distributed across the Branch Office Network
         Open Table PT Bank Mandiri Taspen in PT Taspen (Persero)


         Dari 55 Kantor Cabang Taspen telah
         dipenuhi jaringan, BMTP dengan
         pembukaan booth open table rincian
         sebagai berikut:
         Out of 55 Taspen Branch Offices, the
         network coverage has been fulfilled
         through the establishment of Bank Mandiri
         Taspen service booths (open table). The
         detailed breakdown is as follows:


                                                                                          Bank memiliki fasilitas untuk menunjang pelayanan
                2022            2023            2024        2025                          terhadap Nasabah Pensiunan, berupa 147 Mobil
                                                                                          Layanan yang tersebar di seluruh Jaringan Kantor.

                  33              38                 38      39                           The Bank has facilities to support services for pensioner
                                                                                          customers, consisting of 147 Mobile Service Units
                Booth           Booth           Booth       Booth
                                                                                          distributed across the entire branch office network.




    16                                                                                                                        Laporan Tahunan 2025
Page 17
                                                                                                                                          PT Bank Mandiri Taspen




                  Memiliki Induk Perusahaan yang Bereputasi
                  Having a Reputable Parent Company

                  Bank Mandiri Taspen memiliki induk perusahaan dengan                              Bank Mandiri Taspen benefits from the strengths of its parent
                  keunggulannya         masing-masing         yang     berfungsi      untuk         companies, each of which plays a strategic role in supporting
                  mengembangkan bisnis Bank Mandiri Taspen yaitu:                                   the Bank’s business development:
                  a. Bank Mandiri sebagai bank terbesar di Indonesia yang                           a. PT Bank Mandiri (Persero) Tbk, as the largest bank in
                      memiliki expertise dalam pengelolaan Bank.                                          Indonesia, provides strong expertise in banking management.
                  b. PT Taspen memiliki akses kepada captive market pensiunan                       b. PT Taspen (Persero) offers access to a captive pensioner
                      sehingga        dapat   menambah        database     calon    debitur               market, thereby enriching the database of prospective
                      pensiunan.                                                                          pension-loan customers.
                  c. Dukungan pendanaan dari grup Pemegang Saham.                                   c. Funding support from the shareholder group further
                                                                                                          strengthens the Bank’s financial capacity.


                  Sinergi     pemegang        saham     dan     grup     usaha     tersebut         The synergy between shareholders and the business group
                  diimplementasikan dalam kemitraan strategis antara PT Bank                        is implemented through a strategic partnership between PT
                  Mandiri (Persero), Tbk. selaku pemegang saham mayoritas                           Bank Mandiri (Persero) Tbk as the majority shareholder and PT
                  bersama dengan PT Taspen (Persero) dalam Bank Mandiri                             Taspen (Persero) within Bank Mandiri Taspen. This collaboration
                  Taspen yang fokus dalam memberikan layanan kepada ASN                             focuses on serving civil servants (ASN) and pensioners, while
                  dan pensiunan serta memberikan penyaluran kredit pensiunan                        also expanding pension loan and MSME financing. The Bank
                  dan UMKM dengan aspirasi menjadi “The Undisputed Leader                           aspires to become “The Undisputed Leader in Indonesia’s
                  in Indonesia’s Senior Citizen Financial Ecosystem”                aspirasi        Senior Citizen Financial Ecosystem”—positioning itself as the
                  sebagai penyalur kredit pensiun terbesar dan penyedia layanan                     largest pension loan distributor and a leading banking service
                  perbankan terkemuka bagi nasabah senior di Indonesia melalui                      provider for senior customers in Indonesia. This aspiration is
                  penguatan posisi sebagai penyedia layanan keuangan end-to-                        supported by strengthening its role as an end-to-end financial
                  end bagi pensiunan dan pra-pensiunan, yang didukung oleh                          service provider for pensioners and pre-retirees, backed by
                  fondasi bisnis yang kuat, kapabilitas digital yang mumpuni,                       solid business fundamentals, strong digital capabilities, and
                  serta     sinergi    ekosistem    yang      terintegrasi.   Keunggulan            an integrated ecosystem synergy. Its competitive advantage
                  kompetitif dibangun melalui dominasi segmen inti pensiunan,                       is built through dominance in the core pension segment,
                  pengembangan produk dan layanan yang relevan dan personal,                        continuous development of relevant and personalized products
                  serta perluasan akses layanan yang inklusif melalui optimalisasi                  and services, and expanded inclusive access through the
                  jaringan fisik, digital, dan komunitas.                                           optimization of physical networks, digital platforms, and
                                                                                                    community-based engagement.




Fasilitas Layanan di Jaringan Kantor
Service Facilities in the Branch Office Network


      Klinik Dokter Mantap                                                                                                    Fasilitas snack corner yang tersebar di
      Doctor Mantap Clinic                                                                                                    Jaringan Kantor
                                                                                                                              Snack corner facilities distributed across the
                                                                                                                              Branch Office Network


      Program standarisasi layanan kesehatan untuk Pensiunan sinergi dengan Kimia Farma berupa cek                            Fasilitas snack corner di setiap Kantor Cabang
      kesehatan gratis yang ada di Kantor Cabang.                                                                             memberikan snack secara gratis untuk
      Saat ini Klinik Kesehatan telah tersebar di 194 titik layanan dengan jumlah peserta 234.146 peserta.                    meningkatkan kenyamanan para nasabah
                                                                                                                              Pensiunan saat menunggu proses antrian
                                                                                                                              transaksi.
      A healthcare service standardization program for pensioners in collaboration with Kimia Farma,
      providing free health check-ups at Branch Offices.
                                                                                                                              Snack corner facilities at each Branch Office
      Currently, the Health Clinics have been established across 194 service points, serving a total of                       provide complimentary snacks to enhance the
      234,146 participants.                                                                                                   comfort of pensioner customers while waiting
                                                                                                                              for transaction queues and processing.

     2022 - 2024 : 155 titik (116.616 peserta)
                   155 locations (116,616 participants)
     2025          : 194 titik (234.146 peserta)
                     194 locations (234.146 participants)




2025 Annual Report                                                                                                                                               17
Page 18
                 Transformasi Digital
                 Digital Transformation

                 Bank terus meningkatkan kemudahan, kenyamanan, kecepatan                           Bank Mandiri Taspen continued to enhance convenience, comfort,
                 bertransaksi       melalui   Transformasi    digital    (Movin’)     dan           and transaction speed through digital transformation (Movin’)
                 Perbaikan Proses serta Pengembangan Produk. Layanan                                as well as process improvements and product development.
                 Movin by Bank Mandiri Taspen menginisiasi fitur yang telah                         The Movin by Bank Mandiri Taspen service introduced features
                 disesuaikan dengan kebutuhan nasabah Bank Mandiri Taspen                           specifically tailored to the needs of its core customer segment—
                 yaitu senior citizen, sehingga diharapkan dapat menjadi layanan                    senior citizens—aiming to become a flagship service for low-
                 unggulan yang akan digunakan untuk akuisisi dana murah                             cost fund acquisition while delivering excellent customer
                 dan memberikan service excellent kepada Nasabah. Movin by                          service. Movin by Bank Mandiri Taspen offered differentiated
                 Bank Mandiri Taspen memiliki fitur yang berbeda dengan Bank                        features compared to other banks, customized to its customer
                 Lain yang disesuaikan dengan segmen nasabah Bank Mandiri                           segment. One key feature was the Pension Attendance (Absensi
                 Taspen, fitur tersebut adalah Absensi Pensiun yang berfungsi                       Pensiun), which functioned as a periodic customer verification
                 untuk melakukan verifikasi Nasabah secara berkala. Mekanisme                       tool. The mechanism compared biometric data captured during
                 proses fitur ini yaitu membandingkan data biometric yang                           attendance via the mobile banking application with biometric
                 ter-capture saat proses absensi pada aplikasi Mobile Banking                       data recorded during the initial enrollment process. In 2025,
                 dengan data biometric yang ter-capture saat proses enrollment.                     Movin by Bank Mandiri Taspen planned to launch several new
                 Movin by Bank Mandiri Taspen pada tahun 2025 melakukan                             features, including Online Registration with liveness KYC, QRIS
                 release fitur Registrasi Online dengan liveness KYC, QRIS                          Acquirer, integration with MAESTRO (the new core banking
                 Acquirer, Integrasi dengan Maestro (New Core Banking) dan                          system), and Virtual Account (VA) transaction capabilities
                 Transaksi VA di Movin.                                                             within the Movin application.




Untuk menjadi Top Player di segmen pensiunan melalui pemanfaatan teknologi, Bank Membangun ekosistem
transformasi digital melalui pengembangan service point Layanan Digital melalui MOVIN


                                                                                2024

                 Q1                                        Q2                                            Q3                                       Q4

          E-statement                                 Biometric Login                         • Absensi Pensiun                           • Top Up eMoney
                                                                                                Pension Absence                           • Online Onboarding
                                                                                                Verification
                                                                                                                                          • Biller-PDAM, TL,
                                                                                              • Blokir Kartu Debit
                                                                                                Debit Card Blocking                         PBB, Masjed
                                                                                              • Deposito Online                           • Customer Concern
                                                                                                Tabungan
                                                                                                Online Deposit
                                                                                                Savings Account
                                                                                              • Tabungan Berjangka                          Virtual account P2
                                                                                                Online
                                                                                                Online Time Deposit
                                                                                                Account
                                                                                              • Biller-games




                                                              Registered                                                            35%          65%
                                                                                    446.986
                                                                        316.047
                                                                                                                              User Register mencapai 35%
                                                             199.934
                                                                                                                              dibandingkan CIF aktif
                                                                                           41,45%                             User registration reached
                                                                                            Yoy
       19M              66M               161M                                                                                35% compared to active CIF
     ~30rb act        ~2,6rb act        ~2,5rb act                                                                            (Customer Information File).
         OOB          Depo Online        TSB Online           2023       2024       2025                                                               * Des-2025




    18                                                                                                                                         Laporan Tahunan 2025
Page 19
                                                                                                                  PT Bank Mandiri Taspen




                                                             Sebagai layanan E-Channel BMT diharapkan dapat menjadi penggerak
                                                             akuisisi FBI Recurring Bank melalui penyempurnaan fitur dan customer
                                                             loyalty.
                                                             As a BMT E-Channel service, it is expected to become a driver of recurring
                                                             fee-based income (FBI) acquisition through feature enhancements and
                                                             customer loyalty.



      User Register                                                               User Aktif
      User Registration                                                           Active Users



                         21.4%             95.7rb                                                   62.1%            95.7rb
                      Growth YoY         Growth YoY                                                Growth            Growth


                        446.986           542.686                                                  154.242          250.000




                        Des-25           Des-26 (P)                                                Des-25           Des-26 (P)




To become a top player in the pension segment through the utilization of technology, the Bank builds a digital
transformation ecosystem by developing digital service points through MOVIN.


                                                                     2025

             Q1                                     Q2                                  Q3                                    Q4

  Registrasi Online dengan                    QRIS Acquirer                 • Integrasi dengan Maestro          • Aktivasi Kartu Debit
  liveness KYC                                                                (New Core Banking)                  di Movin / Debit Card
  Online Registration with                                                    Integration with Maestro            Activation in Movin
  Liveness-based KYC                                                          (New Core Banking                 • Ganti PIN Kartu Debit
  (Know Your Customer)                                                                                            di Movin / Change Debit
                                                                              System)
                                                                                                                  Card PIN in Movin
                                                                            • Transaksi VA di Movin
                                                                                                                • Autodebit
                                                                              Virtual Account (VA)
                                                                                                                • Transfer Virtual Account
                                                                              transactions in MOVIN             • QRIS Upload
                                                                                                                • Biller Omni Channel
                                                                                                                  Telkomsel
                                                                                                                • Payment di Indomaret
                                                                                                                • Biller Streaming
                                                                                                                • Biller Multifinance




                                     Registered
                                                      309
                                                      Institution
                             27%       73%                                                            FBI e-channel
                                                                                           (Movin, MCM, Qris & Debit Purchase)
                         User Register mencapai 27%
                         dibandingkan CIF institution customer
                         User registration reached 27%
                         compared to institutional customer CIF
                                                                                                         30,6 M
                         (Customer Information File).                                                                            * Desember 2025
                                                        * Dec-2025




2025 Annual Report                                                                                                                    19
Page 20
                 Program Peningkatan Kesejahteraan Pensiunan
                 dalam Rangka Ketangkasan Perusahaan

                 Bank secara konsisten memberdayakan dan mensejahterakan pensiunan melalui program 3 Pilar Mantap:




Pilar III :
Sustainable Beyond Business
Bank peduli dengan aspirasi Pensiunan untuk tetap sehat dan aktif bersosialisasi saat memasuki purna tugas melalui program
3 Pilar Mantap




                                   Mantap Sehat

     Kegiatan Eksisting 2023 / Existing Activities 2023
                                                                                Penambahan titik layanan                Konsultasi kesehatan online
     Mandiri Taspen menyediakan layanan cek kesehatan gratis Klinik
                                                                                Kesehatan bekerjasama                   gratis via Aplikasi Alodokter
     Dokter Mantap di kantor cabang sinergi dengan provider kesehatan,
                                                                                dengan Rumah Sakit/Klinik               Free online health
     serta kegiatan kesehatan lainnya.
                                                                                Expansion of healthcare                 consultation via the
     Mandiri Taspen menyediakan layanan cek kesehatan gratis Klinik
                                                                                service points in                       Alodokter application.
     Dokter Mantap di kantor cabang sinergi dengan provider kesehatan,
                                                                                collaboration with hospitals/
     serta kegiatan kesehatan lainnya.
                                                                                clinics.




     Posisi 2023 / Position 2023                                           Posisi 2024-2025 / Position 2024–2025

                                                                                                                                 Alodokter
           Klinik Dokter Mantap               Kegiatan Kesehatan                 Klinik Dokter Mantap
                                                                                                                            (Cek kesehatan online)
           Doctor Mantap Clinic                Health Activities                 Doctor Mantap Clinic
                                                                                                                  Alodokter (online health check-up)


             100                  54rb         1.164            47rb               194               234rb                          100
             Titik            Peserta         Kegiatan        Peserta               Titik            Peserta                    Voucher Gratis
            Points          Participants      Activities    Participants           Points          Participants                  Free Voucher




                                   Mantap Aktif

     Kegiatan Eksisting 2023 / Existing Activities 2023                    New Value Creation                       New !

     Pelaksanaan berbagai kegiatan sosial secara rutin baik acara               Penambahan Jumlah Komunitas Mantap Indonesia (KMI).
     keagamaan, kebersamaan, berbagi.                                           Increase in the Number of Mantap Indonesia Communities (KMI).
     The implementation of various social activities on a regular basis,
     including religious events, community gatherings, and charitable
     sharing programs.




     Posisi 2023 / Position 2023                                           Posisi 2024-2025 / Position 2024–2025


            Jumlah Kegiatan                     Jumlah Peserta                    Jumlah Kegiatan                         Jumlah Peserta
           Number of Activities              Number of Participants              Number of Activities                  Number of Participants


                      911                              131rb                                1.618                                  215rb
                     Kegiatan                          Peserta                              Kegiatan                               Peserta
                     Activities                      Participants                           Activities                           Participants




     20                                                                                                                      Laporan Tahunan 2025
Page 21
                                                                                                                                          PT Bank Mandiri Taspen




Retiree Welfare Improvement Program
in The Framework of Company Agility

The Bank consistently empowers and improves the welfare of pensioners through the 3 Pillars of Mantap:




The Bank cares about the aspirations of pensioners to remain healthy and socially active upon entering retirement through
the 3 Pillars of Mantap program.




Value Creation 2024-2025




          Kegiatan Kesehatan                            Mantap Melihat                         Mantap Mendengar
   (Senam sehat, Seminar Kesehatan, dll)                Mantap Melihat                          Mantap Melihat                    Jumlah pelaksanaan program Mantap sehat
                                                                                                                                  terus bertumbuh sustain
           Health Activities                                                                                                      The number of Mantap Sehat program
                                             Operasi Katarak sebanyak 4 (empat) kali      Pemberian alat bantu dengar gratis
 (Healthy exercise, health seminars, etc.)   Cataract Surgery 4 (four) times                Provision of free hearing aids        implementations continues to grow sustainably.

           185             192rb                               100                                     200                        Disertai Berbagai tema webinar Kesehatan rutin
                                                                                                                                  untuk para Pensiunan.
            Titik          Peserta                            Peserta                                 Peserta                     Accompanied by various regular health webinar
           Points        Participants                       Participants                            Participants                  themes for pensioners.




Value Creation 2024-2025


     Penambahan jenis aktivitas sosial sesuai dengan komunitas yang
     dibentuk (kajian keagamaan, kunjungan ke panti wedha, berbagi sebako,
     membersihkan taman, dll)
     Expansion of social activity types in accordance with the established
     communities (religious study sessions, visits to elderly care homes,
     distribution of basic necessities, park cleaning activities, etc.).




                                                                                       Jumlah pelaksanaan program Mantap
         Jumlah Komunitas                            Anggota Komunitas                 aktif terus bertumbuh sustain
       Number of Communities                         Community Members                 The number of Mantap Aktif program
                                                                                       implementations continues to grow
                                                                                       sustainably.
                    80                                        4.963                    Disertai Berbagai tema webinar Kajian
                                                                                       rutin untuk para Pensiunan.
                Komunitas                                     Orang
               Communities                                    Person                   Accompanied by various themes of regular
                                                                                       study webinars for pensioners.




2025 Annual Report                                                                                                                                                 21
Page 22
                   Program Wirausaha Mantap
                   Mantap Entrepreneurship Program



Pilar III :
Sustainable Beyond Business
Bank peduli dengan aspirasi Pensiunan untuk tetap sehat dan aktif bersosialisasi saat memasuki purna tugas melalui program
3 Pilar Mantap



                                                                              Mantap Sejahtera

     Kegiatan Eksisting 2023 / Existing Activities 2023
     Bank terus melakukan inovasi untuk memberi akses kemudahan usaha bagi para Pensiunan terutama melalui pengembangan digital.
     The Bank continues to innovate to provide easier business access for retirees, particularly through digital development.




     • Pelatihan Mentor Wirausaha
       Entrepreneurship Mentor Training                                                          Agen Kurir Mantap TIKI
                                                                                                 Mantap Courier Agent (TIKI)
              226                                    12.137                                      Program wirausaha di bidang logistik
              Jumlah Pelatihan                       Peserta                                     dengan total 9 Agen
              Number of Trainings                    Participants
                                                                                                 A logistics entrepreneurship program
                                                                                                 with a total of 9 agents.
      • Abon Ikan      • Fish Floss          • Abon Ikan            • Fish floss
      • Amplang        • Amplang             • Lebah Trigona        • Trigona bees
      • Beras Organik • Organic rice         • Murai Batu           • White-rumped
      • Budi Daya      • Oyster mushroom     • Ternak Ayam            shama
        Jamur Tiram      cultivation         • Seminar              • Chicken farming
      • Budi Daya Lele • Catfish & tilapia     Wirausaha            • Entrepreneurship
        & Nila           farming                                      seminars                   Etalase Usaha Website Pensiun Berkarya
      • Hidroponik     • Hydroponic
                                                                                                 Business Showcase on the “Pensiun Berkarya” Website
                         farming
                                                                                                 Sebagai platform digitalisasi penjualan UMKM
                                                                                                 untuk Mantapreneur
                                                                                                 As a digital sales platform for MSMEs (UMKM) for
                                                                                                 Mantapreneur.


     • Mantap Cooking Club
       Mantap Cooking Club

              59x                                    9.223                                       Mantapreneur Naik Kelas
              Kegiatan                               Peserta                                     Mantapreneur Upgrading Program (Mantapreneur Naik Kelas)
              Activities                             Participants
                                                                                                 Pelatihan ekslusif kepada para Mantapreneur yang berhasil
                                                                                                 Menjalankan usaha untuk dapat “Naik kelas“ dan Upskill
                                                                                                 Exclusive training for Mantapreneurs who have successfully
                                                                                                 run their businesses to “level up” and upskill.



     • Warung Mantap Sejahtera
       Warung Mantap Sejahtera

              29x                                    6.930
              Kegiatan                               Peserta
              Activities                             Participants




     • Agen Kurir Mantap (TIKI)
                                                               New !
       Mantap Courier Agent (TIKI)

              1x                                     109
              Kegiatan                               Peserta
              Activities                             Participants




     22                                                                                                                             Laporan Tahunan 2025
Page 23
                                                                                                                                                    PT Bank Mandiri Taspen




The Bank cares about the aspirations of pensioners to remain healthy and socially active upon entering retirement through the
3 Pillars of Mantap program.



                                                                     Value Creation 2024-2025

          Wirausaha binaan Bank tumbuh sustain dengan berbagai macam pilihan paket usaha
          Bank-supported entrepreneurs are growing sustainably with a variety of business package options.

          • Pelatihan Mentor Wirausaha                                 • Mantap Cooking Club                              • Toko Frozen Mantap (FIESTA)
                                                                                                                                                                              New !
            Entrepreneur Mentor Training                                 Club Memasak Mantap                                Mantap Frozen Store

                  215                           5.582                           112x                   15.505                        5x                             1.425
                  Jumlah Pelatihan              Peserta                         Kegiatan               Peserta                       Kegiatan                       Peserta
                  Number of Trainings           Participants                    Activities             Participants                  Activities                     Participants


                 • Abon Ikan                 • Abon Ikan
                 • Amplang                   • Lebah Trigona           • Warung Mantap Sejahtera                          • Si Mantap Laundry                                 New !
                 • Beras Organik             • Murai Batu
                 • Budi Daya                 • Ternak Ayam               Warung Mantap Sejahtera                            Si Mantap Laundry
                   Jamur Tiram               • Seminar
                 • Budi Daya Lele              Wirausaha
                   & Nila                    • Budidaya Lobster
                                                                                261x                   14.432                        2x                             287
                                                                                Kegiatan               Peserta                       Kegiatan                       Peserta
                 • Hidroponik
                                             • Fish floss (Abon                 Activities             Participants                  Activities                     Participants
                 • Fish floss                  Ikan)
                 • Amplang                   • Trigona bees
                 • Organic rice              • White-rumped
                 • Oyster                      shama (Murai            • Agen Kurir Mantap (TIKI)                         • Agen Club Mantap                                  New !
                   mushroom                    Batu)                     Mantap Courier Agent (TIKI)                        Mantap Agent Club
                   cultivation               • Chicken farming
                 • Catfish & tilapia         • Entrepreneurship
                   farming                     seminar                          13x                    3.247                         2x                             175
                 • Hydroponic                • Lobster                          Kegiatan               Peserta                       Kegiatan                       Peserta
                   farming                     cultivation                      Activities             Participants                  Activities                     Participants




                              Toko Frozen Mantap                                                                      Agen Club Mantap
                                                                                  New !                                                                                       New !
                              Mantap Frozen Store                                                                     Mantap Agent Club
                              Program wirausaha di bidang Frozen Food                                                 Program wirausaha di bidang Agen Air galon & kemasan
                              dengan total 412 Toko                                                                   modern dengan total 8 agen
                              A frozen food entrepreneurship program                                                  A business entrepreneurship program in the field of gallon
                              with a total of 412 stores.                                                             and packaged water agency with a total of 8 agents.




                              Si Mantap Laundry                                                                       Warung Mantap Sejahtera
                                                                                  New !
                              Si Mantap Laundry                                                                       Warung Mantap Sejahtera
                              Program wirausaha di bidang laundry modern                                              Program wirausaha di bidang warung modern
                              dengan total 1 Laundry                                                                  dengan total 208 warung
                              A modern laundry entrepreneurship program with a total of                               A modern retail stall (warung) entrepreneurship program
                              1 laundry outlet.                                                                       with a total of 208 stalls.




                              Agen Kurir Mantap TIKI                                                                  Pelatihan Mentor Wirausaha
                              Mantap Courier Agent (TIKI)                                                             Entrepreneur Mentor Training
                              Program wirausaha di bidang logistic                                                    Program wirausaha di bidang mentor usaha pertanian,
                              dengan total 22 Agen                                                                    peternakan, budidayan dengan total 286 Mantapreneur
                              A logistics entrepreneurship program                                                    An entrepreneurship program in the field of agricultural,
                              with a total of 22 agents.                                                              livestock, and cultivation business mentoring, with a total of
                                                                                                                      286 Mantapreneurs.


                              Mantapreneur Naik Kelas                                                                 Etalase Usaha Website Pensiun Berkarya
                              Mantapreneur Upgrading Program (Naik Kelas)                                             Business Showcase on the “Pensiun Berkarya” Website
                              Pelatihan ekslusif kepada para Mantapreneur yang berhasil                               Sebagai platform digitalisasi penjualan UMKM
                              Menjalankan usaha untuk dapat “Naik kelas“ dan Upskill                                  untuk Mantapreneur
                              Exclusive training for Mantapreneurs who have successfully                              Exclusive training for Mantapreneurs who have successfully
                              run their businesses to “level up” and upskill.                                         run their businesses to “level up” and upskill.




2025 Annual Report                                                                                                                                                                 23
Page 24
 Kilas
 Kinerja




24         Laporan Tahunan 2025
Page 25
                     Performance
                     Highlights




2025 Annual Report                 25
Page 26
Kilas Kinerja Perusahaan
Performance Highlights




Pencapaian Kinerja Perusahaan
Achievement of Company Performance




                                                                       Aset Bank
                                                                       Bank Assets


                                                                       Tahun 2025 mencapai
                                                                          in 2025 reached

                                                                   Rp
                                                                        73,02             triliun
                                                                                          trillion


                                                                            Meningkat
                                                                            an increase


                                                                         10,25%
                                                                 Dibandingkan dengan tahun 2024
                                                                    yang mencapai Rp66,23 triliun.
                                                               Compared to IDR66.23 trillion in 2024.




                   Kredit
                   Loans


                       Tahun 2025 mencapai       Meningkat
                       in 2025 reached           an increase                       Dibandingkan dengan tahun 2024
                                                                                   yang mencapai Rp46,26 triliun.
                      Rp
                           50,53      triliun
                                      trillion   9,23%                             Compared to IDR46.26 trillion in 2024.




                   Dana Pihak Ketiga
                   Third Party Funds


                       Tahun 2025 mencapai       Meningkat
                       in 2025 reached           an increase                       Dibandingkan dengan tahun 2024
                                                                                   yang mencapai Rp48,82 triliun.
                      Rp
                           55,03      triliun
                                      trillion   12,71%                            Compared to 2024 which reached
                                                                                   IDR48.82 trillion




      26                                                                                                Laporan Tahunan 2025
Page 27
                                                                                               PT Bank Mandiri Taspen




     Pendapatan Bunga – Neto                    Laba Tahun Berjalan                             Ekuitas
       Interest Income - Net                     Profit for the Year                             Equity


             Tahun 2025 mencapai                    Tahun 2025 mencapai                    Tahun 2025 mencapai
                in 2025 reached                        in 2025 reached                        in 2025 reached

           Rp
                3,66            triliun
                                trillion
                                                  Rp
                                                       1,58            triliun
                                                                       trillion
                                                                                         Rp
                                                                                              9,39            triliun
                                                                                                              trillion


                  Meningkat                              Meningkat                              Meningkat
                  an increase                            an increase                            an increase


                    6,51%                                  0,22%                                20,64%
       Dibandingkan dengan tahun 2024         Dibandingkan dengan tahun 2024         Dibandingkan dengan tahun 2024
           yang mencapai Rp3,44 triliun.          yang mencapai Rp1,57 triliun.          yang mencapai Rp7,79 triliun.
      Compared to IDR3.44 trillion in 2024   Compared to IDR1.57 trillion in 2024   Compared to IDR7.79 trillion in 2024




2025 Annual Report                                                                                                       27
Page 28
Kilas Kinerja Perusahaan
Performance Highlights




Ikhtisar Data Keuangan Penting
Key Financial Highlight



Ikhtisar Keuangan dan Rasio Keuangan
Financial Highlights and Financial Ratios

Tabel Ikhtisar Keuangan
Table of Financial Highlights
                                                                                                 (dalam jutaan Rupiah / in thousand Rupiah)


             Uraian               2025           2024           2023           2022         2021                 Description

 LAPORAN POSISI KEUANGAN                                                                    STATEMENT OF FINANCIAL POSITION

 ASET                                                                                                                          ASSETS

 Kas                               152,993        137,382        115,187        118,780      101,571                               Cash

                                                                                                          Current accounts with Bank
 Giro pada Bank Indonesia        1,283,107      3,122,333      3,074,126        636,941      675,712
                                                                                                                           Indonesia

                                                                                                         Current accounts with other
 Giro pada bank lain
                                                                                                                              banks

  Pihak berelasi                    74,756         47,978         28,294         22,316       45,542                  Related parties

 Dikurangi: Cadangan                                                                                               Less: Allowance for
                                         (1)            (1)            (1)             -           (1)
 kerugian penurunan nilai                                                                                           impairment losses

 Penempatan pada Bank                                                                                          Placements with Bank
 Indonesia dan bank lain                                                                                   Indonesia and other banks

  Pihak ketiga                   6,361,889      2,179,682        674,927      3,999,472      750,000                      Third party

 Efek-efek                                                                                                                    Securities

  Pihak berelasi                10,106,223      8,152,897      8,578,847      6,694,691     7,020,452                 Related parties

  Pihak ketiga                   2,913,109      4,576,396               -              -           (0)                    Third party

 Efek-efek yang dibeli                                                                                    Securities purchased under
 dengan janji dijual kembali                                                                                      agreement to resell

  Pihak ketiga                   1,014,855      1,277,381      6,482,799      5,387,686     5,142,161                     Third party

 Kredit yang diberikan                                                                                                            Loans

  Pihak berelasi                    15,257         15,930         21,413          5,695        3,804                  Related parties

  Pihak ketiga                  50,515,459     46,245,485     41,329,374     36,905,274    31,347,279                     Third party

 Dikurangi: Cadangan                                                                                               Less: Allowance for
                                 (770,429)       (817,514)    (1,094,942)    (1,156,328)    (722,751)
 kerugian penurunan nilai                                                                                           impairment losses

 Biaya dibayar di muka              33,142         19,274         20,856          2,839        3,930                 Prepaid expenses

 Aset tetap                                                                                                               Fixed assets
 dan aset hak guna                                                                                            and right of uses assets

  Nilai perolehan                2,004,726      1,733,694      1,580,932      1,410,192    1,252,198                             Costs

  Akumulasi penyusutan          (1,434,539)    (1,228,660)    (1,014,420)     (802,872)     (597,602)    Accumulated depreciation

 Aset pajak tangguhan –
                                    76,076        202,112        272,631        270,411      135,973         Deferred tax assets - net
 neto

 Aset tidak berwujud – neto        169,119        128,227         44,877         59,855       51,522            Intangible assets - net




       28                                                                                                        Laporan Tahunan 2025
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                                                                                                   PT Bank Mandiri Taspen




            Uraian              2025          2024          2023         2022          2021              Description

 Aset lain-lain – neto           502,824       439,748       427,515     360,103        332,073             Other assets - net

 TOTAL ASET                    73,018,566   66,232,344    60,542,415   53,915,055    45,541,864               TOTAL ASSETS

 LIABILITAS DAN EKUITAS                                                                             LIABILITY AND EQUITY

 LIABILITAS                                                                                                       LIABILITIES

 Liabilitas segera                58,179      862,204      1,267,520    1,060,693       757,450            Immediate liability

 Simpanan nasabah                                                                                   Deposits from customers

  Pihak berelasi                8,768,920    8,634,088     6,061,423    7,139,701     6,795,649              Related parties

  Pihak ketiga                 46,261,653   40,190,459    38,915,193   33,524,595    27,332,238                   Third party

 Simpanan dari bank lain                                                                           Deposits from other banks

  Pihak berelasi                        -             -     100,000       50,000              -              Related parties

  Pihak ketiga                    49,789      755,053        257,862      220,791       116,951                   Third party

 Utang pajak                      50,072        52,336        81,180     125,013         49,505                 Taxes payable

 Surat berharga yang
                                2,695,416    1,199,093     2,297,565    2,295,395     3,491,637              Securities issued
 diterbitkan

 Efek-efek yang dijual                                                                                   Securities sold under
 dengan janji dibeli kembali                                                                         agreement to repurchase

  Pihak berelasi                        -      225,076             -             -            -              Related parties

 Pinjaman yang diterima                                                                                        Loans received

  Pihak berelasi                1,500,000    3,000,000     1,500,000    1,000,000     1,000,000              Related parties

  Pihak ketiga                  3,500,000    2,750,000     2,750,000    2,500,000     1,250,000                   Third party

 Beban yang masih harus
                                 325,758       315,810      339,846      321,986              -             Accrued expenses
 dibayar

 Liabilitas imbalan kerja        306,607       343,816      401,327       417,330        96,702   Employee benefit liabilities

 Liabilitas lain-lain            106,872       116,385      153,775      176,043       623,592                 Other liabilities

 TOTAL LIABILITAS              63,623,266   58,444,320    54,125,691   48,831,547    41,513,724          TOTAL LIABILITIES

 EKUITAS                                                                                                               EQUITY

 Modal saham – nilai
 nominal Rp500 (nilai                                                                              Share Capital – Rp500 (full
 penuh) per saham                                                                                 amount) par value per share
 Modal dasar 1.639.301.632                                                                               Authorized Capital –
 lembar saham, ditempatkan       819,304      819,304       819,304      819,304       819,304          1,639,301,632 shares
 dan disetor penuh                                                                                     issued and fully paid –
 -1.638.608.705 lembar                                                                              1,638,608,705 shares as
 saham pada tanggal 31                                                                            December 31, 2025 to 2021
 Desember 2025 s.d. 2021

 Tambahan modal disetor         1,349,508    1,349,508     1,349,508    1,349,508     1,349,508     Additional paid-in capital

 Keuntungan neto yang
 belum direalisasi dari
                                                                                                      Net unrealized gain from
 kenaikan atau penurunan
                                                                                                   increase or decrease in fair
 nilai wajar efek-efek
                                                                                                   value of securities grouped
 dalam kelompok nilai            108,802       (77,638)         928       (47,427)      14,806
                                                                                                    as fair value through other
 wajar melalui penghasilan
                                                                                                      compre-hensive income/
 komprehensif lain/
                                                                                                  available for sale – after tax
 tersedia untuk dijual -
 setelah pajak

 Pengukuran kembali atas                                                                               Remeasurement of the
 liabilitas imbalan kerja-       (20,840)     (18,351)      (31,607)      (27,676)     (19,875)       obligation for employee
 setelah pajak                                                                                             benefits - after tax




2025 Annual Report                                                                                                     29
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Kilas Kinerja Perusahaan
Performance Highlights




            Uraian                 2025           2024          2023          2022          2021               Description

 Saldo Laba                                                                                                       Retained earnings

  Sudah ditentukan
                                    163,861        163,861       163,861      160,000        155,000                 Appropriated
  penggunaannya

  Belum ditentukan
                                  6,974,665      5,551,340     4,114,730     2,829,799     1,709,397               Unappropriated
  penggunaannya

 TOTAL EKUITAS                    9,395,300      7,788,024     6,416,724     5,083,508     4,028,140                TOTAL EQUITY

 TOTAL LIABILITAS DAN                                                                                       TOTAL OF LIABILITIES
                                 73,018,566     66,232,344    60,542,415    53,915,055    45,541,864
 EKUITAS                                                                                                          AND EQUITIES

 LAPORAN LABA RUGI DAN PENGHASILAN                                                 STATEMENT OF INCOME AND LOSS AND OTHER
 KOMPREHENSIF LAIN                                                                                  COMPREHENSIVE INCOME

 PENDAPATAN DAN                                                                                           OPERATIONAL INCOME
 BEBAN OPERASIONAL                                                                                              AND EXPENSES

 Pendapatan bunga                 6,574,099      6,198,332     5,691,785     5,019,023     4,317,112                 Interest Income

 Beban bunga                     (2,908,589)    (2,756,746)   (2,386,400)   (1,797,318)   (1,692,956)               Interest Expense

 Pendapatan bunga - neto          3,665,510      3,441,586     3,305,385     3,221,705     2,624,156           Interest Income - net

 Pendapatan operasional
                                    416,760        420,966       384,593       516,530       201,726        Other operating income
 lainnya

 Pembentukan cadangan                                                                                      Provision for impairment
                                   (213,601)       (47,299)    (293,855)     (612,955)     (741,825)
 kerugian penurunan nilai                                                                                                    losses

 Beban operasional lainnya                                                                               Other operating expenses

  Tenaga kerja                    (893,689)      (872,052)      (849,714)    (910,260)     (703,393)                       Salaries

  Umum dan administrasi            (934,174)     (891,946)     (716,496)     (644,885)     (540,776)    General and administrative

 Kerugian atas perubahan                                                                                   Loss from the changes in
                                     (1,179)              -             -             -             -
 nilai wajar efek-efek - neto                                                                           fair value of securities - net

 Total beban operasional                                                                                       Total other operating
                                 (1,829,042)    (1,763,998)   (1,566,210)   (1,555,145)   (1,244,169)
 lainnya                                                                                                                   expenses

 LABA OPERASIONAL                 2,039,627      2,051,255     1,829,913     1,570,135      839,888          OPERATING INCOME

 Pendapatan (beban) non                                                                                        Non-operating incme
                                      1,453        (11,622)       (4,738)      (2,900)         1,344
 operasional - neto                                                                                                (expenses) - net

 LABA SEBELUM BEBAN                                                                                         INCOME BEFORE TAX
                                  2,041,080      2,039,633     1,825,175     1,567,235       841,231
 PAJAK                                                                                                               EXPENSES

 Beban pajak - neto               (460,000)      (462,083)      (415,772)    (361,123)     (195,554)                   Tax expenses

 LABA TAHUN BERJALAN              1,581,080      1,577,550     1,409,403     1,206,112      645,677       INCOME FOR THE YEAR

 PENGHASILAN                                                                                            OTHER COMPREHENSIVE
 KOMPREHENSIF LAIN                                                                                                   INCOME

 Pos-pos yang tidak akan                                                                                      Items that will not be
 direklasifikasi ke laba rugi:                                                                          reclassified to profit or loss:

 Pengukuran kembali atas                                                                                  Remeasurement ofpost
                                     (3,191)        16,995        (5,040)     (10,000)         1,264
 liabilitas imbalan kerja                                                                               employee benefit liabilities

 Pajak penghasilan terkait                702       (3,739)        1,109         2,199           257             Related income tax

 Pos-pos yang akan                                                                                                 Items that will be
 direklasifikasi ke laba rugi:                                                                          reclassified to profit or loss:

 Keuntungan (kerugian) neto                                                                                    Net unreliazed (loss)/
 yang belum direalisasi dari                                                                                 gain on changes in fair
 peningkatan (penurunan)            239,026      (100,726)        61,994      (79,786)       (31,073)           value of securities at
 nilai wajar efek-efek yang                                                                                 fair value through other
 tersedia untuk dijual                                                                                       comprehensive income




      30                                                                                                      Laporan Tahunan 2025
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                                                                                                        PT Bank Mandiri Taspen




           Uraian                2025          2024          2023          2022          2021                 Description

 Pajak penghasilan terkait        (52,586)       22,160       (13,639)       17,553         5,891              Related income tax

 Penghasilan (kerugian)
                                                                                                             Other comprehensive
 komprehensif lain tahun          183,951       (65,310)       44,424      (70,034)      (23,662)
                                                                                                         income/(loss) for the year
 berjalan - setelah pajak

 TOTAL PENGHASILAN
                                                                                                       TOTAL COMPREHENSIVE
 KOMPREHENSIF TAHUN             1,765,031     1,512,240     1,453,827     1,136,078       622,015
                                                                                                        INCOME FOR THE YEAR
 BERJALAN

 LABA PER SAHAM                                                                                           BASIC EARNINGS PER
                                   964,89        962.74        860.12        736.06        394.04
 DASAR (Nilai penuh)                                                                                       SHARE (full amount)

 LAPORAN ARUS KAS                                                                                    STATEMENT OF CASH FLOW

 ARUS KAS DARI                                                                                             CASH FLOWS FROM
 AKTIVITAS OPERASI                                                                                      OPERATING ACTIVITIES

 Penerimaan dari                                                                                             Receipt from interest
                                6,518,595     6,191,172     5,763,328     5,051,414     4,313,369
 pendapatan bunga                                                                                                          income

                                                                                                              Payments of interest
 Pembayaran beban bunga        (2,880,909)   (2,754,273)   (2,352,958)   (1,775,227)   (1,671,172)
                                                                                                                        expenses

 Penerimaan pendapatan                                                                                          Receipt from other
                                  413,401       431,935       338,380       516,530       201,726
 operasional lainnya                                                                                             operating income

 Pembayaran beban tenaga                                                                                       Paymets of salaries
                                (934,073)     (912,580)     (870,754)     (752,196)     (614,624)
 kerja                                                                                                                  expenses

 Pembayaran beban umum                                                                                   Payments of general and
                                (676,290)      (674,512)    (463,392)     (390,863)     (294,312)
 dan administrasi                                                                                        administrative expenses

 Penerimaan pendapatan                                                                                 Paymennt of non -operating
                                    1,249        (4,455)       (4,738)       (2,995)        1,249
 non operasional - neto                                                                                            expenses - net

 Pembayaran beban pajak                                                                                      Payment of corporate
                                (386,928)     (390,759)     (486,941)     (406,267)     (280,641)
 penghasilan badan                                                                                                    income tax

 Arus kas operasional                                                                                  Cash flows before changes
 sebelum perubahan atas         2,055,045     1,886,528     1,922,925    2,240,396      1,655,585         in operating assets and
 aset dan liabilitas operasi                                                                                            liabilities

 Penurunan (kenaikan) aset                                                                                   (Increase)/decrease in
 operasi:                                                                                                         operating assets:

  Efek-efek diukur pada                                                                                   Securities measured at
  nilai wajar melalui laba       (639,755)             -             -             -             -       fair value through profit
  rugi                                                                                                                    or loss

  Efek-efek yang dibeli
                                                                                                           Securities purchased
  dengan janji dijual             262,086     5,201,686    (1,098,028)    (236,408)    (4,087,988)
                                                                                                       under agreement to resell
  kembali

  Kredit yang diberikan        (4,529,985)   (5,236,035)   (4,793,450)   (5,737,640)   (6,135,578)                          Loans

  Biaya dibayar di muka           (13,868)        1,582       (18,017)        1,091         2,650              Prepaid expenses

  Aset lain-lain                  (31,719)       (5,655)       (6,532)       (8,041)    (113,058)                   Other assets

 Kenaikan (penurunan)                                                                                        Increase/(decrease) in
 liabilitas operasi:                                                                                           operating liabilities:

                                                                                                                   Liabilities due
  Liabilitas segera             (804,025)     (405,317)       206,828       303,242       185,934
                                                                                                                     immediately

  Simpanan nasabah                                                                                      Deposits from customers

    Giro                        (590,876)        74,375        60,255       740,194        47,134            Current Accounts

    Tabungan                    2,020,413     1,817,597       653,323     1,284,135     1,854,964              Saving deposits

    Deposito                    4,776,488     1,955,959     3,598,742     4,496,217     4,637,564                Time deposits

                                                                                                             Deposits from other
  Simpanan dari bank lain       (705,264)       397,192        87,071      153,840        102,229
                                                                                                                          banks


2025 Annual Report                                                                                                          31
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Kilas Kinerja Perusahaan
Performance Highlights




           Uraian                2025          2024          2023          2022          2021               Description

  Efek-efek yang dijual
                                                                                                          Securities sold under
  dengan janji dibeli           (225,076)       225,076                            -             -
                                                                                                      agreement to repurchase
  kembali

  Utang pajak                      (1,184)      (11,333)       12,392         5,967        (2,854)                 Utang pajak

  Liabilitas lain-lain            (16,946)      (14,907)       (3,963)       28,934       127,528            Liabilitas lain-lain

 Kas neto diperoleh
                                                                                                       Net cash generated from
 dari/(digunakan untuk)         1,555,334     5,886,748       621,546     3,271,927    (1,725,890)
                                                                                                            operating activities
 kegiatan operasi

 ARUS KAS DARI                                                                                            CASH FLOES FROM
 AKTIVITAS INVESTASI                                                                                   INVESTING ACTIVITIES

 Pembelian aset tetap           (182,878)       (85,384)     (106,811)     (88,864)      (162,930)    Acquisition of fixed assets

 Penjualan aset tetap                    -            7              -            95          104            Sale of fixed assets

 Pembelian aset tidak                                                                                   Acquisition of intangible
                                 (55,966)      (104,697)       (9,474)      (32,677)       (6,599)
 berwujud                                                                                                                  assets

                                                                                                      Acquisition of rights of use
 Perolehan aset hak guna          (70,755)      (58,188)      (37,252)      (53,691)      (69,735)
                                                                                                                           assets

 Pembelian efek-efek yang
                                                                                                       Purchases of securities at
 diukur pada nilai wajar
                               (3,999,845)   (1,588,379)   (1,795,915)             -   (2,459,621)      fair value through other
 melalui penghasilan
                                                                                                         comprehensive income
 komprehensif lain

 Pembelian efek-efek
                                                                                                       Purchases of securities at
 yang diukur pada biaya       (18,936,812)   (9,286,685)     (350,758)    (566,592)    (2,967,939)
                                                                                                                 amortized cost
 perolehan diamortisasi

 Penerimaan dari efek-efek                                                                               Proceeds from matured
                               23,538,788     6,415,504        90,000      540,000        283,210
 yang telah jatuh tempo                                                                                               securities

 Penerimaan dari penjualan
                                                                                                             Proceeds from sale
 efek-efek yang diukur
                                                                                                             of securities at fair
 pada nilai wajar melalui                -      205,305       118,920       209,400       271,050
                                                                                                            value through other
 penghasilan komprehensif
                                                                                                          comprehensive income
 lain

                                                                                                       Net cash generate from/
 Kas neto digunakan untuk
                                  292,532    (4,502,517)   (2,091,290)        7,671    (5,112,461)           (used in) investing
 aktivitas investasi
                                                                                                                       activities

 ARUS KAS DARI                                                                                            CASH FLOWS FROM
 AKTIVITAS PENDANAAN                                                                                   FINANCING ACTIVITIES

 Penerimaan dari pinjaman
                                3,750,000     1,750,000     2,500,000     1,250,000     1,250,000     Proceeds from borrowings
 yang diterima

 Pembayaran atas pinjaman
                               (4,500,000)    (250,000)    (1,750,000)             -    (600,000)        Payment of borrowings
 yang diterima

 Penerimaan atas                                                                                      Proceed from insurance of
                                1,500,000              -             -             -             -
 penerbitan surat berharga                                                                                            securities

 (Pembayaran atas)
                                                                                                           Payment of securities
 penerimaan dari surat                   -   (1,100,000)             -   (1,200,000)    2,000,000
                                                                                                                         issued
 berharga yang diterbitkan

 Pembayaran dividen              (157,755)    (140,940)      (120,611)      (80,710)      (64,374)          Payment of dividend

 Biaya emisi dari surat                                                                                   Payments of securities
                                         -             -             -             -       (6,642)
 berharga yang diterbitkan                                                                                      issuance costs

 Pembayaran liabilitas sewa       (49,503)      (48,450)      (44,620)     (44,204)       (30,567)   Payments of lease liabilities

 Biaya emisi dari surat                                                                                   Payments of securities
                                   (5,238)             -             -             -             -
 berharga yang diterbitkan                                                                                      issuance costs

 Kas neto diperoleh dari                                                                                Net cash generated from
                                  537,504       210,610       584,769       (74,914)    2,548,417
 aktivitas pendanaan                                                                                          financing activities




      32                                                                                                   Laporan Tahunan 2025
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                                                                                             PT Bank Mandiri Taspen




           Uraian             2025         2024        2023        2022         2021              Description

 (PENURUNAN)
                                                                                             INCREASE IN CASH AND
 KENAIKAN NETO KAS            2,385,370   1,594,841   (884,975)   3,204,684   (4,289,934)
                                                                                                 CASH EQUIVALENT
 DAN SETARA KAS

                                                                                                   CASH AND CASH
 KAS DAN SETARA KAS
                              5,487,375   3,892,534   4,777,509   1,572,825    5,862,760          EQUIVALENTS AT
 PADA AWAL TAHUN
                                                                                                BEGINNING OF YEAR

                                                                                                   CASH AND CASH
 KAS DAN SETARA KAS
                              7,872,745   5,487,375   3,892,534   4,777,509    1,572,826       EQUIVALENTS AT THE
 PADA AKHIR TAHUN
                                                                                                      END OF YEAR

 RASIO KEUANGAN                                                                                   FINANCIAL RATIOS

 PERMODALAN                                                                                                    CAPITAL

 Rasio Kewajiban
                                                                                               Capital Adequacy Ratio
 Penyediaan Modal               30.47%      27.43%      24.91%      20.20%        19.41%
                                                                                                             (KPMM)
 Minimum (KPMM)

 Aktiva tetap terhadap
                                21.34%      22.26%      24.64%      27.98%       30.68%          Fixed assets to capital
 Modal

 ASET PRODUKTIF                                                                                PRODUCTIVE ASSETS

 Aset Produktif dan Aset
                                                                                            Problematic Earning Assets
 Non Produktif Bermasalah
                                                                                            and Non-Earning Assets to
 Terhadap Total Aset             0.45%       0.28%       0.31%       0.53%         0.55%
                                                                                              Total Earning Assets and
 Produktif dan Aset Non
                                                                                                  Non-Earning Assets
 Produktif

 Aset Produktif Bermasalah                                                                     Non Performing Earning
 Terhadap Total Aset             0.44%       0.27%       0.30%       0.52%         0.54%         Assets Against Total
 Produktif                                                                                             Earning Assets

 CKPN Aset Keuangan                                                                           CKPN of Financial Assets
                                 1.07%       1.26%       1.83%       2.17%         1.83%
 Terhadap Aset Produktif                                                                        against Earning Assets

 KUALITAS KREDIT                                                                                       LOAN QUALITY

 NPL – Gross                     0.63%       0.38%       0.44%       0.75%         0.75%                    NPL – Gross

 NPL – Nett                      0.32%       0.14%       0.08%       0.07%         0.20%                     NPL – Nett

 SOLVABILITAS                                                                                               SOLVENCY

 Rasio Liabilitas Terhadap                                                                         Ratio of Liabilities to
                                87.13%      88.24%      89.40%      90.77%        91.16%
 Jumlah Aset                                                                                               Total Assets

 Rasio Liabilitas Terhadap
                                677.2%      750.4%      843.5%      960.6%      1.030.6%        Liability to Equity Ratio
 Ekuitas

 PROFITABILITAS                                                                                        PROFITABILITY

 NIM                             5.42%       5.56%       6.10%       6.81%         7.12%                             NIM

 ROA                             2.99%       3.26%       3.27%       3.21%         2.04%                             ROA

 ROE                            18.90%      22.89%      25.23%      27.55%        17.74%                             ROE

 Rasio Laba (Rugi) Terhadap                                                                     Profit (Loss) to Income
                                22.60%      23.83%      23.19%      21.79%       14.29%
 Pendapatan                                                                                                        Ratio

 EFISIENSI                                                                                                 EFFICIENCY

 BOPO                           70.85%      69.02%      69.88%      71.64%        81.41%                          BOPO

 LIKUIDITAS                                                                                                  LIQUIDITY

 LDR/LFR                        91.82%      94.75%      91.94%      90.77%       91.86%                        LDR/LFR

 CASA                           23.31%      23.35%      21.14%      21.62%       19.79%                            CASA




2025 Annual Report                                                                                              33
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Kilas Kinerja Perusahaan
Performance Highlights




              Uraian                        2025                2024                2023                 2022                2021                    Description

 KEPATUHAN                                                                                                                                                     OBEDIENCE

 1a. Persentase Pelanggaran BMPK                                                                                                     1a. Percentage of LLL Violations

 Pihak Terkait                                  0.00%              0.00%               0.00%                0.00%               0.00%                       Related parties

 Pihak tidak terkait                            0.00%              0.00%               0.00%                0.00%               0.00%                    Unrelated parties

 1b. Persentase Pelampauan BMPK                                                                                                   1b. Percentage in excess of the LLL

 Pihak Terkait                                  0.00%              0.00%               0.00%                0.00%               0.00%                       Related parties

 Pihak Tidak Terkait                            0.00%              0.00%               0.00%                0.00%               0.00%                    Unrelated parties

 GWM Rupiah                                    5.88%               5.02%               6.32%                7.02%               3.51%         Rupiah Statutory Reserves

 PDN                                            0.00%              0.00%               0.00%                0.00%               0.00%                                     nop

 RASIO LAINNYA                                                                                                                                              OTHER RATIO

 CIR                                          44.83%             45.67%               43.70%              42.79%              44.03%                                      CIR

 CAR                                          30.47%              27.43%              24.91%              20.20%               19.41%                                    CAR

 PPA terhadap Aktiva
                                                1.07%              1.26%               1.83%                2.17%               1.83%              PPA on Earning Assets
 Produktif

 Pemenuhan PPA                              110.97%             142.67%             184.87%              179.05%             166.28%                      PPA Compliance


Catatan untuk pembaca laporan: Tabel dan grafik pada laporan ini memaparkan data numerik dengan standar Bahasa Inggris, sedangkan pemaparan numerik dalam teks
menggunakan standar Bahasa Inggris dan Indonesia sesuai dengan konteksnya.
Note to the report readers: The tables and graphs in this report present numerical data in standard English, while the numerical presentation in the text uses standard English
and Indonesian according to the context.




Ikhtisar Operasional                                                                        Operational Highlight

Tabel Kinerja Produk Kredit
Table of Loan Products Performance                                                                                                        (dalam jutaan Rupiah / in IDR million)



          Keterangan                        2025                2024                2023                 2022                2021                    Description

 Mikro                                       616,606              423,466             379,814              437,858             538,089                                  Micro

 Retail                                        83,366             128,198               63,909             101,499             279,280                                  Retail

 Pensiun                                 49,830,744           45,709,750          40,907,063           36,371,613          30,533,715                                Pension

 TOTAL                                   50,530,716           46,261,415          41,350,787          36,910,969           31,351,083                                 TOTAL



Tabel Jumlah Dana Pihak Ketiga
Table of Total Third Party Funds                                                                                                          (dalam jutaan Rupiah / in IDR million)



          Keterangan                        2025                2024                2023                 2022                2021                    Description

 Tabungan                                12,392,749           10,372,334            8,554,739            7,901,413          6,601,844                                Savings

 Giro                                        434,920           1,025,796              951,421              891,166             150,971                     Current Account

 Deposito Berjangka                      42,202,904           37,426,417          35,470,456           31,871,718          27,375,071                         Time Deposit

 TOTAL                                   55,030,573          48,824,547           44,976,616          40,664,296           34,127,887                                 TOTAL




        34                                                                                                                                          Laporan Tahunan 2025
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                                                                                                                PT Bank Mandiri Taspen




Informasi Saham
Stock Information


Sampai dengan 31 Desember 2025, Bank Mandiri Taspen                     As of December 31, 2025, Bank Mandiri Taspen has not yet
belum menjadi perusahaan yang mencatatkan sahamnya                      become a company that has listed its shares on the stock
di bursa saham. Dengan demikian, tidak terdapat informasi               exchange. Thus, there is no information on number of shares
saham di antaranya jumlah saham yang beredar, kapitalisasi              outstanding, market capitalization, highest, lowest and closing
pasar, harga saham tertinggi, terendah, dan penutupan serta             share prices and trading volume on the stock exchange where
volume perdagangan saham. Sedangkan informasi modal                     the shares are listed. Meanwhile, shared capital information for
saham selama dua tahun terakhir disajikan sebagai berikut:              the last two years is presented as follows:


Tabel Harga Saham
Table of Stock Price                                                                                        (dalam jutaan Rupiah / in IDR million)



                                      Uraian / Description                                               2025                     2024

 Modal saham – nilai nominal Rp500 (nilai penuh) per saham
 Modal dasar 1.639.301.632 lembar saham, ditempatkan dan disetor penuh -1.638.608.705 lembar
 saham pada tanggal 31 Desember 2025 dan 2024
                                                                                                        819,304                 819,304
 Share Capital – Rp500 (full amount) par value per share
 Authorized Capital – 1,639,301,632 shares issued and fully paid – 1,638,608,705 shares as
 December 31, 2025 and 2024.




Aksi Korporasi                                                          Corporate Action

Pada tahun 2025, Bank Mandiri Taspen tidak melakukan Aksi               In 2025, Bank Mandiri Taspen did not undertake any corporate
Korporasi yang menyebabkan terjadinya perubahan pada                    actions that resulted in changes to its share structure, such as
saham seperti, pemecahan saham (stock split), penggabungan              stock splits, reverse stock splits, stock dividends, bonus shares,
saham (reverse stock), dividen saham, saham bonus,                      changes in par value, issuance of convertible securities, or
perubahan nilai nominal saham, penerbitan efek konversi, serta          capital increases and decreases.
penambahan dan pengurangan modal.



Aksi Penghentian Sementara                                              Action of Provisional Suspension of
Perdagangan Saham (Suspension) dan/                                     Share Trading (Suspension) and/or
atau Penghapusan Pencatatan Saham                                       Delisting of Share
(Delisting)

Sampai dengan 31 Desember 2025, Bank Mandiri Taspen                     As of December 31, 2025 Bank Mandiri Taspen has not yet
belum menjadi perusahaan yang mencatatkan sahamnya                      become a company that has listed its shares on the stock
di bursa saham. Dengan demikian, tidak terdapat Aksi                    exchange. Thus, there is no Action to Temporarily Stop Trading
Penghentian Sementara Perdagangan Saham (Suspension)                    Shares (Suspension) and/or Delisting of Shares.
dan/atau Penghapusan Pencatatan Saham (Delisting).




2025 Annual Report                                                                                                                    35
Page 36
Kilas Kinerja Perusahaan
Performance Highlights




Informasi Obligasi, Sukuk atau Obligasi Konversi
Information 0f Bond, Sukuk and Conversion Bonds


Tabel Kronologi Penerbitan Obligasi Bank Mandiri Taspen
Table of Bank Mandiri Taspen Bond Information



                               Uraian                     Tanggal Penerbitan                     Mata Uang       Jumlah Obligasi
  No                                                                                Tenor
                             Description                     Issuance Date                        Currency         Total Bonds



             Berkelanjutan I Tahap II Tahun 2021 Seri B      28 April 2021          5 Tahun        Rupiah
   1.                                                                                                             1,200,000,000
             Sustainable I Phase II 2021Series B             April 28, 2021         5 Years         IDR


             Obligasi Berkelanjutan II Bank Mandiri
             Taspen Tahap I Tahun 2025 Seri A                  4 Juli 2025          3 Tahun        Rupiah
   2.                                                                                                            800,000,000,000
             Sustainable Bonds II Bank Mandiri Taspen         July 4, 2025          3 Years         IDR
             Phase I Year 2025 Series A

             Obligasi Berkelanjutan II Bank Mandiri
             Taspen Tahap I Tahun 2025 Seri B                  4 Juli 2025          5 Tahun        Rupiah
   3.                                                                                                            700,000,000,000
             Sustainable Bonds II Bank Mandiri Taspen         July 4, 2025          5 Years         IDR
             Phase I Year 2025 Series B



Sampai dengan 31 Desember 2025, Bank Mandiri Taspen tidak                As of December 31, 2025, Bank Mandiri Taspen does not
memiliki Sukuk dan Obligasi Konversi, sehingga tidak terdapat            have Sukuk and Convertible Bonds, so there is no information
informasi mengenai Sukuk maupun Obligasi Konversi.                       regarding Sukuk or Convertible Bonds.




        36                                                                                                       Laporan Tahunan 2025
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                                                                                                      PT Bank Mandiri Taspen




                                          Tingkat Suku     Status                Peringkat / Rating
                         Tanggal Jatuh
  Harga Penawaran                             Bunga      Pembayaran                                           Wali Amanat
                            Tempo
      Bid price                              Interest     Payment                                               Trustee
                         Maturity date                                         2025             2024
                                               Rate        status

 100% dari jumlah
 pokok obligasi          28 April 2026                    Belum Lunas         AA(idn)          AA(idn)
                                             7.25%                                                           Bank Permata
 100% of the principal   April 28, 2026                  Not yet paid off    Oleh Fitch       Oleh Fitch
 amount of the bond

 100% dari jumlah
 pokok obligasi            4 Juli 2028                    Belum Lunas         AAA(id)
                                             6.65%                                                -          BRI
 100% of the principal    July 4, 2028                   Not yet paid off   Oleh Pefindo
 amount of the bond

 100% dari jumlah
 pokok obligasi           4 Juli 2030                     Belum Lunas         AAA(id)
                                             6.80%                                                -          BRI
 100% of the principal    Juli 4, 2030                   Not yet paid off   Oleh Pefindo
 amount of the bond




2025 Annual Report                                                                                                  37
Page 38
Kilas Kinerja Perusahaan
Performance Highlights




Peristiwa Penting
Important Events




   23      Januari / January 2025                               26     Januari / January 2025

Bank Mandiri Taspen meluncurkan Online Onboarding yang       Bank Mandiri Taspen Beri Bantuan CSR ke Balai Konservasi
merupakan fitur baru Movin.                                  dan Yayasan dalam rangka HUT Ke-10.
Bank Mandiri Taspen launched the Online Onboarding feature   Bank Mandiri Taspen provided CSR assistance to a
as part of the Movin platform.                               Conservation Agency and a Foundation in commemoration of
                                                             its 10th Anniversary




   12      Februari / February 2025                             27     Februari / February 2025

Bank Mandiri Taspen Luncurkan Fitur Online Onboarding        Bank Mandiri Taspen menggelar acara “Undian Kemilau
dengan Teknologi VIDA.                                       Mantap Bertabur Hadiah” tahap II.
Bank Mandiri Taspen launched the Online Onboarding feature   Bank Mandiri Taspen held the second phase of the “Undian
utilizing VIDA technology.                                   Kemilau Mantap Bertabur Hadiah” event.




                                                             Bank Mandiri Taspen Pontianak Gelar Mantap Cooking Club &
                                                             Safari Ramadhan untuk Perkuat Silaturahmi dan Kesejahteraan
                                                             Nasabah.
                                                             Bank Mandiri Taspen Pontianak organized the Mantap Cooking
                                                             Club and Ramadan Safari to strengthen relationships and
                                                             enhance customer welfare.
   15      Maret / march 2025



      38                                                                                            Laporan Tahunan 2025
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                                                                                                         PT Bank Mandiri Taspen




   21      Maret / March 2025                                        28      Maret / March 2025

Bank Mandiri Taspen telah melibatkan sekitar 380 ribu             Taspen dan Bank Mandiri Taspen berpartisipasi dalam Program
nasabahnya dalam sekitar 6500-an kegiatan Tiga Pilar Mantap.      Kementerian BUMN “Mudik Aman Sampai Tujuan” dengan
Bank Mandiri Taspen engaged approximately 380 thousand            memberangkatkan sebanyak 160 pemudik untuk tujuan ke
customers in around 6,500 activities under the Three Pillars of   wilayah Jawa dan Sumatera.
Mantap program.                                                   Taspen and Bank Mandiri Taspen participated in the Ministry
                                                                  of State-Owned Enterprises’ “Mudik Aman Sampai Tujuan”
                                                                  program by dispatching 160 homebound travelers to
                                                                  destinations across Java and Sumatra.




   19      Mei / May 2025                                            11      Juni / June 2025

Bank Mandiri Taspen menggandeng PT Asuransi Jiwa IFG (IFG         Bank Mandiri Taspen menerbitkan obligasi melalui skema
Life) dalam kerja sama strategis untuk memasarkan produk IFG      Penawaran Umum Berkelanjutan (PUB) II, dengan target total
Credit Life Insurance untuk memperluas akses perlindungan         dana sebesar Rp3 triliun.
finansial kepada masyarakat, khususnya nasabah UMKM dan           Bank Mandiri Taspen issued bonds under the Shelf Registration
pensiunan.                                                        (PUB) II scheme, with a total fundraising target of IDR3 trillion.
Bank Mandiri Taspen entered into a strategic partnership
with PT Asuransi Jiwa IFG (IFG Life) to market IFG Credit
Life Insurance products, aiming to expand access to financial
protection, particularly for MSME customers and pensioners.




2025 Annual Report                                                                                                        39
Page 40
Kilas Kinerja Perusahaan
Performance Highlights




   20        Juni / June 2025                                         2      Juli / July 2025

Bank Mandiri Taspen bersama PT Klik n Klin meluncurkan outlet     Bank Mandiri Taspen menyalurkan bantuan sosial kepada 310
perdana SiMantap Laundry. Kolaborasi ini menjadi langkah          masyarakat lanjut usia (lansia) dalam rangka menyambut Hari
nyata dalam mengembangkan kewirausahaan berbasis                  Ulang Tahun ke-80 Republik Indonesia.
komunitas pensiunan sekaligus mendorong digitalisasi              Bank Mandiri Taspen distributed social assistance to 310
transaksi di sektor usaha mikro.                                  elderly beneficiaries in celebration of the 80th Anniversary of
Bank Mandiri Taspen, in collaboration with PT Klik n Klin,        the Republic of Indonesia.
launched the first SiMantap Laundry outlet. This collaboration
marked a tangible step in fostering entrepreneurship
among pensioner communities while promoting transaction
digitalization in the micro business sector.




    5        Agustus / August 2025                                   17      Agustus / August 2025

Bank Mandiri Taspen dan PT ASABRI memberikan                      Bank Mandiri Taspen melakukan perubahan sistem operasional
penghargaan khusus kepada veteran TNI Angkatan Udara (TNI         perbankannya ke platform terbaru, New Core Banking System
AU). Penghargaan diberikan kepada dua peserta PT ASABRI           (NCBS). Langkah ini menjadi bagian dari transformasi digital
Purnawirawarn TNI AU di momentum HUT RI ke-80.                    perseroan untuk menghadirkan layanan yang lebih cepat,
Bank Mandiri Taspen migrated its banking operations               aman, dan efisien bagi seluruh nasabah.
system to the latest platform, the New Core Banking System        Bank Mandiri Taspen implemented a migration of its banking
(NCBS). This initiative formed part of the Company’s digital      operational system to the latest platform, the New Core
transformation efforts to deliver faster, more secure, and more   Banking System (NCBS). This initiative formed part of the
efficient services to all customers.                              Company’s digital transformation efforts to deliver faster, more
                                                                  secure, and more efficient services to all customers.




        40                                                                                                  Laporan Tahunan 2025
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                                                                                                   PT Bank Mandiri Taspen




   20     September 2025                                         30      September 2025

Bank Mandiri Taspen berkomitmen meningkatkan ekonomi          Dukung Peningkatan Kualitas Pendidikan, Bank Mandiri Taspen
dan kesejahteraan masyarakat, utamanya para pensiunan         Hadirkan Ruang Belajar Mantap di Kupang.
Aparatur Sipil Negara (ASN) dan TNI/Polri, melalui Grand      In support of enhancing the quality of education, Bank Mandiri
Opening Warung Mantap Sejahtera dan Toko Pertama Agen         Taspen established the Ruang Belajar Mantap learning facility
Club Mantap.                                                  in Kupang.
Bank Mandiri Taspen demonstrated its commitment to
improving the economy and social welfare, particularly for
retired Civil Servants (ASN) and members of the Indonesian
National Armed Forces/Police (TNI/Polri), through the Grand
Opening of Warung Mantap Sejahtera and the first Agen Club
Mantap store.




   7      Oktober / October 2025                                 17      Oktober / October 2025

Pemerintah Kota Payakumbuh menerima bantuan dari              Dalam rangka memeriahkan Hari Ulang Tahun Bank Mandiri
Bank Mandiri Taspen melalui program Corporate Social          ke 27 Livin Fest 2025 Bank Mandiri Taspen turut hadir dan
Responsibility (CSR) untuk membantu para korban musibah       berpartisipasi aktif dalam kegiatan perayaan yang digelar
kebakaran di Pusat Pertokoan Pasar Payakumbuh.                dengan penuh semangat dan kebersamaan.
The Payakumbuh City Government received assistance            In celebration of the 27th Anniversary of Bank Mandiri,
from Bank Mandiri Taspen through its Corporate Social         Bank Mandiri Taspen actively participated in the Livin Fest
Responsibility (CSR) program to support victims of a fire     2025 event, which was held with a spirit of enthusiasm and
incident at the Payakumbuh Market commercial area.            togetherness.




2025 Annual Report                                                                                                 41
Page 42
Kilas Kinerja Perusahaan
Performance Highlights




   24      Oktober / October 2025                                    2      November 2025

Bank Mandiri Taspen membekali 50 wirausaha melalui               Dalam semangat memperingati Bulan Kesadaran Kanker
program Mantapreneur sebagai upaya mendorong peningkatan         Payudara Sedunia, PT AXA Mandiri Financial Services (AXA
kapasitas usaha agar mampu naik kelas dan siap menembus          Mandiri) bersama Bank Mandiri Taspen menggelar talkshow
pasar ekspor ke mancanegara.                                     bertajuk “Lebih Sehat, Lebih Cermat, Lebih Mandiri – Sadari
Bank Mandiri Taspen empowered 50 entrepreneurs through           Kanker Payudara Sejak Dini“.
the Mantapreneur program as part of its efforts to enhance       In commemoration of Breast Cancer Awareness Month,
business capacity, enabling them to scale up and become          PT AXA Mandiri Financial Services (AXA Mandiri), in
export-ready for international markets.                          collaboration with Bank Mandiri Taspen, held a talk show titled
                                                                 “Healthier, More Aware, More Independent – Early Detection
                                                                 of Breast Cancer.”




   22      November 2025                                             8      Desember / December 2025

Sebanyak 250 warga di Provinsi Riau menerima alat bantu          Bank Mandiri Taspen melalui kolaborasi bersama Mandiri Amal
dengar melalui Program Mantap Mendengar, salah satu              Insani (MAI) dalam aksi kemanusiaan untuk membantu warga
kegiatan tanggung jawab sosial perusahaan (CSR) Bank             terdampak bencana.
Mandiri Taspen.                                                  Bank Mandiri Taspen, in collaboration with Mandiri Amal Insani
A total of 250 residents in Riau received hearing aids through   (MAI), carried out humanitarian initiatives to assist communities
the Mantap Mendengar Program, one of the Corporate Social        affected by disasters.
Responsibility (CSR) initiatives of Bank Mandiri Taspen.




      42                                                                                                    Laporan Tahunan 2025
Page 43
                     PT Bank Mandiri Taspen




2025 Annual Report                 43
Page 44
 Laporan Direksi
 dan Dewan Komisaris




44                     Laporan Tahunan 2025
Page 45
                     Report of Directors
                     and Board of
                     Commissioners




2025 Annual Report                         45
Page 46
Laporan Direksi dan Dewan Komisaris
Report of Directors and Board of Commissioners




Laporan Direksi
Board of Directors’ Report




                                                 Pemegang saham dan para Pemangku
                                                      Kepentingan lainnya yang kami
                                                                            hormati,
                                                  Segala puji dan syukur kami panjatkan
                                                   ke hadirat Tuhan Yang Maha Esa atas
                                                    rahmat dan karunia-Nya, sehingga di
                                                 tahun 2025 Bank Mandiri Taspen dapat
                                                   menghasilkan kinerja yang positif dan
                                                       pencapaian yang membanggakan.
                                                        Dear Shareholders and Stakeholders,
                                                         We express our praise and gratitude
                                                         to the presence of God Almighty for
                                                             His grace and blessings, so Bank
                                                                Mandiri Taspen could produce
                                                              positive performance and proud
                                                                        achievements in 2025.




                                                                           Panji Irawan
                                                                           Direktur Utama
                                                                         President Director




      46                                                                     Laporan Tahunan 2025
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                                                                                                          PT Bank Mandiri Taspen




Puji dan syukur kami panjatkan ke hadirat Tuhan Yang Maha Esa       Additionally, we thanked and were grateful to the God
atas rahmat dan karunia-Nya, sehingga Bank Mandiri Taspen           Almighty for His favor and kindness, so that Bank Mandiri
dapat melalui tahun 2025 dengan kinerja yang tetap terjaga          Taspen could pass 2025 with maintained performance amidst
di tengah dinamika perekonomian yang penuh tantangan.               the challenging economic dynamics. During 2025, the Bank
Sepanjang tahun 2025, Bank terus memperkuat perannya                continuously affirmed its role as a financial institution focused
sebagai institusi keuangan yang fokus pada segmen pensiunan         on the pensioner segment and micro, small, and medium
dan pelaku usaha mikro, kecil, dan menengah (UMKM) dengan           enterprises (MSMEs) with various strategic initiatives to
berbagai inisiatif strategis untuk mendorong pertumbuhan            encourage sustainable business growth.
bisnis yang berkelanjutan.


Pada kesempatan ini, perkenankanlah kami menyampaikan               On this chance, allow us to submit the Bank's management
laporan pengelolaan Bank untuk tahun buku 2025 yang                 report for the 2025 fiscal year, which included an analysis
meliputi analisis kinerja Bank, analisis prospek perusahaan,        of the Bank's performance and the company's prospects,
perkembangan penerapan tata kelola perusahaan, penilaian            developments in the implementation of corporate governance,
kinerja Komite di bawah Direksi serta perubahan komposisi           an assessment of the performance of the Committees under
Direksi.                                                            the Board of Directors, and changes to the composition of the
                                                                    Board of Directors.



Tentang Bank                                                        About The Bank

Kegiatan usaha Bank Mandiri Taspen sebagaimana tercantum            As drafted in its Articles of Association, Bank Mandiri Taspen's
dalam Anggaran Dasar adalah untuk memenuhi maksud                   business activities are to satisfy the Bank's purposes and
dan tujuan Bank, yaitu mengembangkan berbagai produk                objectives, such as to develop various products and services
dan layanan yang sesuai dengan kebutuhan masyarakat,                that meet the needs of the community, particularly in serving
khususnya dalam melayani nasabah pensiunan dan pelaku               retired customers and MSMEs. Bank Mandiri Taspen's products
UMKM. Produk-produk dari Bank Mandiri Taspen meliputi:              include:
1. Produk Dana yang terdiri dari produk Tabungan siMantap,          1. Fund products, including siMantap Savings, siMantap
    Tabungan siMantap Pensiun, Tabungan siMantap                         Pension Savings, siMantap Futures Savings (TSB),
    Berjangka (TSB), Tabungan siMantap Reward (SMARD),                   siMantap Reward Savings (SMARD), SMARD Funtastic
    Tabungan SMARD Funtastic, TabunganKu, Deposito                       Savings, TabunganKu, Deposit Pro, and Current Accounts.
    Deposito Pro, dan Giro.
2. Produk Kredit yang terdiri dari produk Kredit Mikro, Kredit      2. Credit products, consisting of Micro Loans, Retail Loans,
    Retail, Kredit Pensiun, Kredit Agunan Tunai, Kredit Tanpa          Pension Loans, Cash Collateral Loans, Non-Collateral
    Agunan, dan Kredit Kendaraan Bermotor Joint Financing.             Loans, and Joint Financing Automobile Loans.
3. Jasa layanan yang terdiri dari jasa Mantap Cash                  3. Services, comprising Mantap Cash Management, Movin by
    Management, Movin by Bank Mandiri Taspen, Referensi                Bank Mandiri Taspen, Bank References, Transfer, Online
    Bank, Transfer, Layanan Pembayaran (Online Payment),               Payment, Collections, Mutual Fund Securities Selling
    Inkaso, Agen Penjual Efek Reksa Dana, QRIS Acquirer,               Agent, QRIS Acquirer, Virtual Account, and WhatsApp
    Virtual Account, dan WhatsApp Banking.                             Banking.


Untuk memberikan kemudahan dan kecepatan layanan                    To provide convenience and service acceleration to customers,
kepada nasabah, Bank Mandiri Taspen memiliki jaringan               Bank Mandiri Taspen has a network that is spread almost
kerja yang tersebar luas hampir di seluruh wilayah Indonesia.       throughout Indonesia. Bank Mandiri Taspen's service area
Area pelayanan Bank Mandiri Taspen terdiri dari 9 (sembilan)        consists of 9 (nine) Distributions. Distribution 1 covers the
Distribution. Distribution 1 meliputi wilayah Sumatera Utara,       areas of North Sumatra, West Sumatra, Riau, and the Riau
Sumatera Barat, Riau, dan Kepulauan Riau. Distribution 2            Islands. Distribution 2 covers the areas of Jambi, Bengkulu,
meliputi wilayah Jambi, Bengkulu, Sumatera Selatan, Lampung,        South Sumatra, Lampung, and Bangka Belitung. Distribution
dan Bangka Belitung. Distribution 3 meliputi wilayah Banten         3 covers the areas Banten and DKI Jakarta (Jabodetabek).
dan DKI Jakarta (Jabodetabek). Distribution 4 meliputi wilayah      Distribution 5 covers the area of Central Java and the Special
Jawa Barat. Distribution 5 meliputi wilayah Jawa Tengah dan         Region of Yogyakarta. Distribution 6 covers the area of East
Daerah Istimewa Yogyakarta. Distribution 6 meliputi wilayah         Java. Distribution 7 covers the areas of Bali, NTB, and NTT.
Jawa Timur. Distribution 7 meliputi wilayah Bali, NTB, dan NTT.     Distribution 8 covers the areas of West Kalimantan, South
Distribution 8 meliputi wilayah Kalimantan Barat, Kalimantan        Kalimantan, Central Kalimantan, East Kalimantan, and North
Selatan, Kalimantan Tengah, Kalimantan Timur, dan Kalimantan        Kalimantan. Distribution 9 covers the areas of North Sulawesi,
Utara. Distribution 9 meliputi wilayah Sulawesi Utara, Gorontalo,   Gorontalo, West Sulawesi, South Sulawesi, Central Sulawesi,




2025 Annual Report                                                                                                          47
Page 48
Laporan Direksi dan Dewan Komisaris
Report of Directors and Board of Commissioners




Sulawesi Barat, Sulawesi Selatan, Sulawesi Tengah, Sulawesi         Southeast Sulawesi, Maluku, North Maluku, West Papua,
Tenggara, Maluku, Maluku Utara, Papua Barat, Papua Tengah,          Central Papua, and Papua. As of December 31, 2025, Bank
dan Papua. Per 31 Desember 2025, Bank Mandiri Taspen                Mandiri Taspen has 1 (one) Operational Head Office and 290
memiliki 1 (satu) Kantor Pusat Operasional dan 290 Jaringan         Office Networks, including Regional Coordinators, Branch
Kantor yang meliputi Koordinator Wilayah, Kantor Cabang,            Offices, Sub-Branch Offices, and Functional Offices. As of
Kantor Cabang Pembantu, dan Kantor Fungsional. Sampai               December 31, 2025, Bank Mandiri Taspen's operational area
dengan 31 Desember 2025, wilayah operasional Bank Mandiri           was focused domestically and had not had any overseas
Taspen masih fokus di dalam negeri, dan belum memiliki Kantor       branch offices.
Cabang Luar Negeri.


Pelaksanaan jalannya kepengurusan Bank terlihat pada struktur       The implementation of the Bank's management is seen in
organisasi Bank Mandiri Taspen yang terbagi menjadi 6 (enam)        the organizational structure of Bank Mandiri Taspen, which is
Direktorat di bawah Direktur Utama dan Wakil Direktur Utama.        divided into 6 (six) Directorates under the President Director and
Direktorat tersebut yaitu, Direktorat Bisnis, Direktorat Funding    Vice President Director. These Directorates are the Business
(Retail & Network), Direktorat Transformasi dan Pengembangan        Directorate, the Funding Directorate (Retail & Network), the
Usaha, Direktorat IT & Digital, Direktorat Compliance & Human       Business Transformation and Development Directorate, the
Resource serta Direktorat Keuangan & Risk. Tiap-tiap Direktorat     IT & Digital Directorate, the Compliance & Human Resource
terbagi menjadi beberapa Divisi yang mendukung pelaksanaan          Directorate and the Finance & Risk Directorate. Each
tugas Direksi terkait. Direktur Utama dan Wakil Direktur Utama      Directorate is divided into several Divisions that support the
membawahi seluruh Direktorat, Divisi Corporate Secretary &          implementation of the relevant Board of Directors' duties.
Legal, Divisi Strategic Procurement & Asset Management,             The President Director and Vice President Director supervise
Divisi Internal Audit dan Office of Chief Economist. Direktorat     Directorates, the Corporate Secretary & Legal Division, the
Bisnis didukung oleh Divisi Productive Loan, Divisi Consumer        Strategic Procurement & Asset Management Division, the
Loan, Divisi Pension & Business Management, dan Divisi              Internal Audit Division and the Office of Chief Economist. The
Treasury & F.I. Direktorat Funding (Retail & Network) didukung      Business Directorate is supported by the Productive Loan
oleh Divisi Funding & Investment Product, Divisi Distribution       Division, the Consumer Loan Division, the Pension & Business
Network Strategic dan Divisi Portfolio Management. Direktorat       Management Division, and the Treasury & F.I. The Funding
Transformasi dan Pengembangan Usaha didukung oleh Divisi            Directorate (Retail & Network) is supported by the Funding
Strategic Business Development, Divisi Operational & Service        & Investment Product Division, the Strategic Distribution
Excellence, Divisi Strategic Digital & Corporate Transformation     Network Division and the Portfolio Management Division.
dan Unit Transformation Task Force. Direktorat IT & Digital         The Transformation and Business Development Directorate is
didukung oleh SEVP Operations dan juga didukung oleh                supported by the Strategic Business Development Division, the
Divisi Central Operation, Divisi Credit Operation, Divisi Digital   Operational & Service Excellence Division, the Strategic Digital
Banking Operation, Divisi IT Planning & Development, Divisi         & Corporate Transformation Division, and the Transformation
IT Operations, Divisi CISO, serta Unit Digital Transformation.      Task Force Division. The IT & Digital Directorate is supported
Direktorat Compliance & Human Resource didukung oleh Divisi         by SEVP Operations and is also supported by the Central
Compliance, Divisi Human Capital, Divisi Risk Business Control,     Operation Division, the Credit Operation Division, the Digital
dan Unit APUPPT & PPPSPM. Direktorat Keuangan & Risk                Banking Operation Division, the IT Planning & Development
didukung oleh Divisi Strategy & Performance Management,             Division, the IT Operations Division, the CISO Division, and
Divisi Accounting, Divisi Risk Management dan Divisi Credit         the Digital Information Division. The Compliance & Human
Risk Approval.                                                      Resource Directorate is supported by the Compliance Division,
                                                                    the Human Capital Division, the Risk Business Control Division,
                                                                    and the AML CTF & CFM-WMD Division. The Finance & Risk
                                                                    Directorate is supported by the Strategy & Performance
                                                                    Management Division, the Accounting Division, the Risk
                                                                    Management Division, and the Credit Risk Approval Division.


Dalam menjalankan kegiatan operasionalnya, Bank Mandiri             Performing its operational activities, Bank Mandiri Taspen has
Taspen memiliki sebanyak 3.544 orang karyawan. Rincian              3,544 employees. The educational level of these employees
tingkat pendidikan karyawan tersebut yaitu, 72 orang                is as follows: 72 people having postgraduate degrees, 3,062
berjenjang pendidikan Pasca Sarjana, 3.062 orang berjenjang         people achieving bachelor's degrees, 333 people obtaining
pendidikan Sarjana, 333 orang berjenjang pendidikan Diploma,        diplomas, 76 people passing high school degrees, and 1 (one)
76 orang berjenjang pendidikan SMA dan 1 (satu) orang               person attaining junior high school degrees.
berjenjang pendidikan SMP.




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                                                                                                            PT Bank Mandiri Taspen




Analisis Atas Kinerja Bank                                          Analysis of Bank’s Performance

Dengan berbagai sumber daya yang dimiliki Bank tersebut,            Equipped with various resources, the Bank achieved firm
pada tahun 2025 Bank telah menghasilkan kinerja yang                performance in 2025, despite a non-recovered economy. The
baik di tengah kondisi perekonomian yang masih belum                Board of Directors consistently considered global, national,
sepenuhnya pulih. Direksi senantiasa mempertimbangkan               and banking industry economic conditions when developing
kondisi perekonomian baik global, nasional maupun industri          business strategies, so they were able to overcome challenges,
perbankan dalam mengembangkan strategi bisnis, sehingga             particularly those related to the impact of economic conditions
mampu mengatasi kendala-kendala khususnya yang terkait              on the Bank's business.
dengan dampak kondisi perekonomian terhadap bisnis Bank.


Kondisi Perekonomian yang Secara                                    Economic Conditions Directly Impacting
Langsung Berdampak Terhadap Kinerja                                 Bank Performance and Market Target
Bank dan Target Pasar

Ketidakpastian global pada periode 2025–2026 masih tinggi,          The 2025–2026 global uncertainty remained high, boosted by
dipicu oleh berlanjutnya konflik geopolitik, meningkatnya           ongoing geopolitical conflicts, rising tensions in various regions,
ketegangan di berbagai kawasan, serta kebijakan                     and protectionist policies that are driving the fragmentation
proteksionisme yang mendorong fragmentasi perdagangan               of global trade. These conditions pressed on global trade
dunia. Kondisi tersebut memberikan tekanan pada aktivitas           and investment activities, resulting in a slowdown in global
perdagangan dan investasi global, sehingga berdampak pada           economic growth, which is likely to stagnate at around 3%.
perlambatan pertumbuhan ekonomi dunia yang cenderung                Meanwhile, supply chain disruptions, rising production
stagnan di kisaran 3%. Di sisi lain, gangguan rantai pasok,         costs, and relatively high inflationary pressures are also
kenaikan biaya produksi, serta tekanan inflasi yang masih relatif   complicating the global economic recovery. Going forward, the
tinggi turut memperberat pemulihan ekonomi global. Ke depan,        global economic outlook is also overshadowed by a number
prospek ekonomi dunia juga dibayangi oleh sejumlah risiko           of structural risks, including increasing trade polarization, a
struktural, antara lain meningkatnya polarisasi perdagangan,        high global debt burden, financial market vulnerabilities, and
tingginya beban utang global, kerentanan pasar keuangan,            the proliferation of digital assets that have not yet been fully
serta berkembangnya aset digital yang belum sepenuhnya              balanced by adequate regulations.
diimbangi dengan pengaturan yang memadai.


Perekonomian Indonesia tetap menunjukkan kinerja yang baik          The Indonesian economy continuously demonstrates good and
dan berdaya tahan di tengah ketidakpastian global, didukung         resilient performance amidst global uncertainty, supported by
oleh stabilitas makroekonomi, pemulihan pascapandemi,               macroeconomic stability, post-pandemic recovery, and synergy
serta sinergi kebijakan fiskal dan moneter antara Pemerintah        of fiscal and monetary policies between the Government and
dan Bank Indonesia yang mampu menjaga inflasi dan sistem            Bank Indonesia that can maintain inflation and the financial
keuangan sekaligus mendorong permintaan domestik,                   system while stimulating domestic demand, strengthened
diperkuat oleh transformasi ekonomi melalui perbaikan iklim         by economic transformation through improvements in
investasi, pembangunan infrastruktur, dan hilirisasi. Hal ini       the investment climate, infrastructure development, and
tercermin pada pertumbuhan ekonomi yang mencapai 5,11%              downstreaming. The resilient performance was reflected in
(yoy) pada 2025, meningkat dari 5,03% (yoy) pada 2024,              economic growth reaching 5.11% (yoy) in 2025, increasing
dengan pertumbuhan Triwulan IV 2025 sebesar 5,39% (yoy),            from 5.03% (yoy) in 2024, with growth in the fourth quarter of
lebih tinggi dari 5,04% (yoy) pada triwulan sebelumnya, yang        2025 of 5.39% (yoy), higher than 5.04% (yoy) in the previous
didorong konsumsi rumah tangga dan investasi serta diikuti          quarter, driven by household consumption and investment and
perbaikan kualitas ketenagakerjaan, dan diprakirakan berlanjut      followed by improvements in labor quality, and was predicted
pada 2026 seiring peningkatan konsumsi (termasuk pada               to continue in 2026 along with increased consumption
periode HBKN) dan investasi. Dari sisi regional, pertumbuhan        (including during the HBKN period) and investment. From
Triwulan IV 2025 relatif merata dengan Sulampua sebesar             a regional perspective, growth in the fourth quarter of 2025
5,83% (yoy), Bali–Nusa Tenggara 5,82% (yoy), Jawa 5,30%             was relatively even with Sulampua at 5.83% (yoy), Bali–Nusa
(yoy), Sumatra 4,81% (yoy), dan Kalimantan 4,80% (yoy), yang        Tenggara 5.82% (yoy), Java 5.30% (yoy), Sumatra 4.81% (yoy),
didukung peningkatan kapasitas industri dan pertanian di Jawa       and Kalimantan 4.80% (yoy), supported by increased industrial
serta hilirisasi mineral seperti nikel, bauksit, dan tembaga di     and agricultural capacity in Java as well as downstreaming
Kawasan Timur Indonesia.                                            of minerals such as nickel, bauxite, and copper in Eastern
                                                                    Indonesia.




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Dari sisi perbankan, stabilitas sistem keuangan Indonesia tetap       In terms of the banking sector, the stability of Indonesia's
terjaga dengan fungsi intermediasi yang terus meningkat,              financial system was maintained with a continuously improving
tercermin dari Indeks Stabilitas Sistem Keuangan (ISSK) yang          intermediation function, reflected in the Financial System
berada di zona normal sepanjang 2025 serta ketahanan                  Stability Index (ISSK) remaining in the normal zone throughout
perbankan yang kuat dari sisi permodalan, risiko kredit, dan          2025, as well as strong banking resilience in terms of capital,
likuiditas; rasio kecukupan modal (CAR) tercatat tinggi sebesar       credit risk, and liquidity. The capital adequacy ratio (CAR) was
25,89% pada Desember 2025, sementara risiko kredit tetap              recorded at a high 25.89% in December 2025, while credit
terkendali dengan NPL sebesar 2,05% (bruto) dan 0,79%                 risk remained under control with NPLs of 2.05% (gross) and
(neto), serta likuiditas yang longgar dengan rasio AL/DPK             0.79% (net), and liquidity remained loose with an LA/TPF ratio
28,57% dan LDR 85,35%, seiring pertumbuhan kredit yang                of 28.57% and a LDR of 85.35%, in line with credit growth
mencapai 9,69% (yoy). Di sisi lain, ekonomi dan keuangan              reaching 9.69% (yoy). On the other hand, the digital economy
digital terus tumbuh pesat, didukung oleh meningkatnya                and finance grew rapidly, supported by increasing e-commerce
transaksi e-commerce, uang elektronik, dan digital banking,           transactions, electronic money, and digital banking, as well
serta perluasan ekosistem QRIS yang telah menjangkau sekitar          as the expansion of the QRIS ecosystem that had reached
42–42,75 juta merchant dan lebih dari 59–59,53 juta pengguna,         approximately 42–42.75 million merchants and more than
dengan pertumbuhan transaksi mencapai sekitar 140% (yoy).             59–59.53 million users, with transaction growth reaching
Kinerja sistem pembayaran juga tetap kuat, tercermin dari nilai       approximately 140% (yoy). The payment system performance
transaksi BI-RTGS yang mencapai Rp65.069,78 triliun atau              also remained strong, reflected in the BI-RTGS transaction
tumbuh 31,04% (yoy), volume BI-FAST sebesar 1.358,65                  value reaching IDR65,069.78 trillion or growing 31.04% (yoy),
juta transaksi atau tumbuh 30,44% (yoy), serta transaksi              BI-FAST volume of 1,358.65 million transactions or growing
digital payment sebesar 14,26 miliar transaksi atau tumbuh            30.44% (yoy), and digital payment transactions of 14.26
39,21% (yoy), sementara Uang Kartal Yang Diedarkan (UYD)              billion transactions or growing 39.21% (yoy), while Circulating
meningkat 12,90% (yoy) menjadi Rp1.359,94 triliun, yang               Currency (UYD) increased 12.90% (yoy) to IDR1,359.94 trillion,
secara keseluruhan menunjukkan sistem pembayaran yang                 which indicated a secure, reliable payment system supported
aman, andal, serta didukung oleh peningkatan interkoneksi             by increased interconnection and adoption of technologies
dan adopsi teknologi seperti SNAP.                                    such as SNAP.


Berdasarkan analisis perekonomian dan industri serta                  Based on economic and industry analysis and considering
memperhatikan tantangan yang ada, maka Bank Mandiri                   existing challenges, Bank Mandiri Taspen set market targets
Taspen menetapkan target pasar berupa DPK dan Kredit di               for third-party funds (TPF) and credit of IDR52.56 trillion and
tahun 2025 yang masing-masing sebesar Rp52,56 triliun dan             IDR52.29 trillion, respectively, for 2025. To achieve these
Rp52,29 triliun. Untuk mencapai target-target tersebut Bank           targets, Bank Mandiri Taspen focused on increasing total
Mandiri Taspen memfokuskan pada peningkatan total rekening            customer accounts, new accounts, the number of third-party
nasabah, rekening baru, jumlah rekening DPK, jumlah Dapem             funds (TPF), the number of retired ASN (State Civil Apparatus)
Pensiunan ASN dan pencairan kredit/plafond baru.                      pension funds (Dapem), and new credit disbursements/ceilings.


Untuk mencapai target pasar tersebut, telah ditetapkan suku           To achieve this market target, the 2025 Prime Lending Rate
bunga dasar kredit tahun 2025 adalah sebagai berikut:                 had been set as follows:


Tabel Suku Bunga Dasar Kredit Per Akhir Tahun 2025
Table of Prime Lending Rate at the End of 2025


                                  Kredit Non UMKM                        Kredit UMKM                         Kredit Konsumsi
     Periode Data                 Non-MSMEs Loans                        MSMEs Loans                        Consumption Loans
    September 2025
     Data Period of
    September 2025             Korporasi         Ritel    Menengah           Kecil          Mikro                        Non KPR/
                                                                                                          KPR/KPA
                               Corporate         Retail    Medium            Small          Micro                        Non KPA

 Harga Pokok Dana untuk
 Kredit (HPDK) (%)                N/A             N/A         5.67%           5.67%          5.67%           N/A            5.67%
 Cost of Funds (HPDK) (%)

 Biaya Overhead (%)
                                  N/A             N/A         0.39%           3.92%          2.54%           N/A            2.61%
 Overhead Costs (%)

 Margin Keuntungan (%)
                                  N/A             N/A         2.46%           2.46%          2.46%           N/A            2.46%
 Profit Margin (%)




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                                                                                                               PT Bank Mandiri Taspen




                                 Kredit Non UMKM                                 Kredit UMKM                    Kredit Konsumsi
     Periode Data                Non-MSMEs Loans                                 MSMEs Loans                   Consumption Loans
    September 2025
     Data Period of
    September 2025             Korporasi        Ritel         Menengah              Kecil          Mikro                   Non KPR/
                                                                                                             KPR/KPA
                               Corporate        Retail         Medium               Small          Micro                   Non KPA

 Suku Bunga Dasar Kredit
 (SBDK) (%) (HPDK +
 Overhead + Margin)
                                  N/A            N/A              8.52%             12.05%         10.67%       N/A          10.74%
 Prime Lending Rate
 (SBDK) (%) (HPDK +
 Overhead + Margin)


Selain itu, Bank juga telah menetapkan suku bunga untuk                    In addition, the Bank also set competitive interest rates for
tabungan deposito dan giro yang bersaing dan kompetitif                    savings deposits and current accounts, which are presented as
disajikan sebagai berikut:                                                 follows:


Tabel Suku Bunga Pendanaan Per Akhir Tahun 2025
Table of Funding Interest Rates at the End of 2025


              Produk DPK                                                     Saldo                                       Bunga
              TPF Products                                                  Balance                                     Interest

 GIRO

 Giro / Current Accounts                   0 - Rp2,5 juta / 0 - IDR2,5 million                                             0.00%

                                           > Rp2,5 juta - Rp100 juta / > IDR2,5 million - IDR100 million                   1.50%

                                           > Rp100 juta / > IDR100 million                                                 2.50%

 Giro Prima / Prima Current Accounts       0 – Rp100 juta / 0 – IDR100 million                                             0.00%

                                           > Rp100 juta – Rp5 miliar / > IDR100 million – IDR5 billion                     2.00%

                                           > Rp5 miliar / > IDR5 billion                                                   3.50%

 TABUNGAN / SAVINGS

 Tabungan siMantap/Si mantap Pensiunan     0 – Rp500 ribu / 0 – IDR500 thousand                                            0.00%
 siMantap Savings/Si mantap Pension
 Savings                                   Rp500 ribu - Rp5 juta / IDR500 thousand - IDR5 million                          0.50%

                                           Rp5 juta - Rp100 juta / IDR5 million - IDR100 million                           0.75%

                                           Rp100 juta - Rp500 juta / IDR100 million - IDR500 million                       1.00%

                                           > Rp500 juta / > IDR500 million                                                 1.25%

 Tabungan siMantap Berjangka               Minimal setoran Rp100 ribu/bulan /
                                                                                                                           5.00%
 siMantap Time Savings                     Minimum deposit as of IDR100 thousand/month

 Tabunganku                                0 – Rp500 ribu / 0 – IDR500 thousand                                            0.00%

                                           Rp500 ribu – Rp1 juta / IDR500 thousand – IDR1 million                          0.20%

                                           > Rp1 juta / > IDR1 million                                                     0.50%

 DEPOSITO / DEPOSIT

 1 bulan / 1 month                         Minimal Pokok Rp1 juta / Minimum Principal IDR1 million                         3.00%

 3 bulan / 3 month                         Minimal Pokok Rp1 juta / Minimum Principal IDR1 million                         3.00%

 6 bulan / 6 month                         Minimal Pokok Rp1 juta / Minimum Principal IDR1 million                         3.00%

 12 bulan / 12 month                       Minimal Pokok Rp1 juta / Minimum Principal IDR1 million                         3.00%

 24 bulan / 24 month                       Minimal Pokok Rp1 juta / Minimum Principal IDR1 million                         3.00%




2025 Annual Report                                                                                                             51
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Report of Directors and Board of Commissioners




Strategi dan Kebijakan Strategis yang                              Strategy and Strategic Policy Applied
Diterapkan oleh Bank                                               by Bank

Dalam rangka mendukung pencapaian target kinerja yang              To support the achievement of the established performance
telah ditetapkan, Bank Mandiri Taspen menetapkan fokus             targets, Bank Mandiri Taspen has set a primary focus on
utama pada akselerasi pertumbuhan dana pihak ketiga                accelerating the growth of third-party funds and credit, as
dan kredit, serta optimalisasi operasional secara cepat dan        well as optimizing operations quickly and efficiently. This
efisien. Strategi ini ditujukan untuk mendukung pencapaian         strategy is aimed at supporting the achievement of annual
target tahunan, memperkuat likuiditas, serta meningkatkan          targets, strengthening liquidity, and increasing productivity
produktivitas dan efisiensi dalam jangka pendek. Dalam             and efficiency in the short term. In order to strengthen Third
rangka penguatan Dana Pihak Ketiga (DPK), Bank melakukan           Party Funds (TPF), the Bank is optimizing savings and deposit
optimalisasi produk tabungan dan deposito khususnya untuk          products, especially for the retail segment, reactivating existing
segmen ritel, mengaktifkan kembali nasabah existing melalui        customers through a win-back program, and expanding fund
program win-back, serta memperluas akuisisi dana melalui           acquisition through the utilization of pension ecosystems such
pemanfaatan ekosistem pensiunan seperti Family Banking             as the Family Banking Program. In addition, the Bank has also
Program. Selain itu, Bank juga meluncurkan program VIP             launched a VIP program to optimize Pareto customer funds,
untuk mengoptimalkan dana nasabah pareto, memperluas               expanded distribution channels through synergies with Bank
kanal distribusi melalui sinergi dengan Agen Bank Mandiri          Mandiri Agents and an open booth strategy, and optimized the
dan strategi open booth, serta mengoptimalkan aplikasi leads       lead funding application to accelerate retail fund acquisition.
funding guna mempercepat akuisisi dana ritel.


Di sisi penyaluran kredit, Bank terus meningkatkan pertumbuhan     In terms of lending, the Bank continues to prudently increase
kredit secara prudent dengan memperluas kredit pensiunan           credit growth by expanding pension loans through a more
melalui proses yang lebih fleksibel dan cepat, termasuk            flexible and faster process, including through mobile
melalui mobile banking. Penyaluran Kredit Mantap Auto Loan         banking. The distribution of Mantap Auto Loans is also being
juga didorong secara agresif namun selektif melalui program        aggressively yet selectively promoted through a massive
pemasaran yang masif, didukung oleh implementasi aplikasi          marketing program, supported by the implementation of a lead
leads management yang terintegrasi dengan sistem MONA              management application integrated with the MONA system
untuk mempercepat proses pengajuan hingga pencairan kredit.        to expedite the loan application and disbursement process. To
Dalam rangka mitigasi risiko, Bank juga melakukan evaluasi         mitigate risk, the Bank also evaluates and strengthens credit
dan penguatan credit scoring serta verifikasi kesehatan debitur.   scoring and verifies debtor health.


Transformasi digital menjadi salah satu fokus utama melalui        Digital transformation is a key focus, with the strengthening of
penguatan fitur mobile banking yang lebih ramah bagi               mobile banking features that are more user-friendly for senior
nasabah senior serta implementasi core banking system              customers and the implementation of a new core banking
baru untuk mendukung operasional yang lebih andal. Sejalan         system to support more reliable operations. In line with this
dengan itu, Bank juga terus mendorong efisiensi operasional        regard, the Bank also continues to drive operational efficiency
melalui otomatisasi proses back-office dan shared services,        through automation of back-office processes and shared
peningkatan efektivitas akuisisi debitur secara selektif, serta    services, increasing the effectiveness of selective debtor
peninjauan ulang proses bisnis guna mengoptimalkan biaya.          acquisition, and reviewing business processes to optimize
Pemanfaatan media digital seperti e-learning dan e-office          costs. The use of digital media such as e-learning and e-office
turut diperluas untuk meningkatkan efisiensi, disertai dengan      is also being expanded to increase efficiency, accompanied
penguatan keamanan teknologi informasi melalui pendekatan          by strengthening information technology security through a
multi-layered security, peningkatan manajemen identitas dan        multi-layered security approach, improving identity and access
akses, serta proteksi data guna mengantisipasi ancaman siber       management, and data protection to anticipate increasingly
yang semakin kompleks.                                             complex cyber threats.


Lebih lanjut, Bank juga memperkuat ekosistem kemitraan             Furthermore, the Bank affirms its partnership ecosystem and
dan sinergi dengan induk perusahaan untuk memperluas               synergy with its holding company to expand its service reach
jangkauan layanan dan meningkatkan daya saing produk.              and enhance product competitiveness. Strategic collaborations
Kerja sama strategis dengan komunitas pensiunan dan                with retirement communities and government institutions
institusi pemerintah terus dikembangkan guna memperluas            are continuously being developed to expand the customer
basis nasabah dan meningkatkan engagement, sekaligus               base and increase engagement, while also providing added
memberikan nilai tambah melalui berbagai program kemitraan,        value through various partnership programs, including special
termasuk insentif khusus dan layanan berbasis komunitas bagi       incentives and community-based services for retirement
nasabah pensiunan.                                                 customers.




      52                                                                                                       Laporan Tahunan 2025
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                                                                                                         PT Bank Mandiri Taspen




Peranan Direksi dalam Perumusan Strategi                           Roles of The Board of Directors in
dan Kebijakan Strategis                                            Formulating Strategy and Strategic Policy

Dalam perumusan strategi dan kebijakan strategis Bank,             Formulating its strategic strategies and policies, the Board of
Direksi secara aktif melakukan analisis terhadap kondisi           Directors actively analyzes internal and external conditions,
internal dan eksternal, termasuk dinamika industri perbankan,      including the dynamics of the banking industry, macroeconomic
perkembangan ekonomi makro, serta perubahan regulasi,              developments, and regulatory changes, as a basis for
sebagai dasar dalam penyusunan strategi yang adaptif dan           developing strategies that are adaptive and responsive
responsif terhadap tantangan maupun peluang yang ada.              to existing challenges and opportunities. The strategy
Proses perumusan strategi dilakukan secara terstruktur             formulation process is carried out in a structured manner
melalui pembahasan yang komprehensif oleh Direksi                  through comprehensive discussions by the Board of Directors
dengan melibatkan seluruh fungsi terkait, guna memastikan          involving all relevant functions, to ensure alignment between
keselarasan antara visi, misi, dan rencana bisnis Bank. Dalam      the Bank's vision, mission, and business plan. In preparing the
penyusunan Rencana Bisnis Bank (RBB) dan kebijakan                 Bank's Business Plan (RBB) and other strategic policies, the
strategis lainnya, Direksi berperan dalam menetapkan prioritas     Board of Directors plays a role in determining key priorities,
utama, mengalokasikan sumber daya secara optimal, serta            allocating resources optimally, and ensuring that strategy
memastikan implementasi strategi dapat berjalan secara             implementation can run effectively and measurably. The Board
efektif dan terukur. Direksi juga menjalin komunikasi yang         of Directors also establishes effective communication with the
efektif dengan Dewan Komisaris dalam rangka memperoleh             Board of Commissioners in order to obtain strategic direction
arahan dan masukan strategis, sehingga tercipta sinergi yang       and input, thereby creating strong synergy in the management
kuat dalam pengelolaan Bank.                                       of the Bank.


Proses yang Dilakukan Direksi untuk                                Process Performed by The Board
Memastikan Implementasi Strategi                                   of Directors to Ensure Strategy
                                                                   Implementation

Dalam memastikan implementasi strategi berjalan efektif dan        To ensure effective strategy implementation and in accordance
sesuai dengan rencana yang telah ditetapkan, Direksi menerapkan    with established plans, the Board of Directors implements a
proses pengelolaan yang terstruktur, terukur, dan berkelanjutan.   structured, measurable, and sustainable management process.
Direksi menetapkan rencana kerja dan indikator kinerja utama       The Board of Directors establishes a clear work plan and Key
(Key Performance Indicators/KPI) yang jelas sebagai acuan bagi     Performance Indicators (KPIs) as a reference for all work units
seluruh unit kerja dalam menjalankan strategi Bank. Pelaksanaan    in implementing the Bank's strategy. Strategy implementation
strategi dimonitor secara berkala melalui rapat manajemen dan      is monitored periodically through management meetings and
forum evaluasi kinerja, di mana Direksi melakukan penelaahan       performance evaluation forums, where the Board of Directors
terhadap capaian, mengidentifikasi kendala, serta menetapkan       reviews achievements, identifies obstacles, and determines
langkah tindak lanjut yang diperlukan. Proses ini didukung         necessary follow-up steps. This process is supported by an
oleh sistem pelaporan manajemen yang terintegrasi, sehingga        integrated management reporting system, enabling rapid and
memungkinkan pengambilan keputusan yang cepat dan tepat            accurate data-driven decision-making.
berbasis data.


Selain itu, Direksi memastikan adanya koordinasi yang efektif      Moreover, the Board of Directors ensures effective coordination
antar fungsi serta penguatan peran unit pengendalian internal      between functions and strengthens the role of the internal
untuk menjaga kualitas implementasi strategi. Pengawasan           control unit to maintain the quality of strategy implementation.
juga dilakukan melalui penerapan manajemen risiko dan              Supervisory control is also performed through the implementation
kepatuhan yang ketat guna memastikan setiap inisiatif strategis    of strict risk management and compliance to ensure that every
berjalan sesuai dengan prinsip kehati-hatian dan ketentuan         strategic initiative is conducted in accordance with prudent
yang berlaku. Direksi secara konsisten melakukan penyesuaian       principles and applicable regulations. The Board of Directors
strategi apabila terdapat perubahan kondisi internal maupun        consistently adjusts the strategy when there are changes in
eksternal, sehingga Bank tetap adaptif dan mampu menjaga           internal and external conditions, ensuring that the Bank remains
kinerja secara optimal.                                            adaptive and able to maintain optimal performance.




2025 Annual Report                                                                                                        53
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Laporan Direksi dan Dewan Komisaris
Report of Directors and Board of Commissioners




Analisis Kinerja Bank                                              Analysis of Bank’s Performance

Kinerja Operasional dan Keuangan                                   Operational and Finance Performance

Pencapaian kinerja Bank Mandiri Taspen pada tahun 2025             Bank Mandiri Taspen's 2025 performance generally reflected
secara umum mencerminkan kondisi yang positif. Dari                positive conditions. In 2025, regarding its operational
sisi operasional, Bank Mandiri Taspen pada tahun 2025              perspective, Bank Mandiri Taspen showed solid growth,
menunjukkan pertumbuhan yang solid, didukung oleh                  supported by an increase in credit distribution reaching
peningkatan penyaluran kredit yang mencapai Rp50,53 triliun        IDR50.53 trillion or growing 9.23% (yoy), with the key
atau tumbuh 9,23% (yoy), dengan kontribusi utama dari kredit       contribution from pension credit of IDR49.83 trillion, which
pensiun sebesar Rp49,83 triliun yang meningkat 9,02% . Selain      increased 9.02%. In addition, microcredit also recorded
itu, kredit mikro juga mencatat pertumbuhan signifikan sebesar     significant growth of 45.61% to IDR616.61 billion, driven
45,61% menjadi Rp616,61 miliar, didorong oleh peningkatan          by an increase in car loans (KKB), business loans (KUR), and
pada produk KKB, KUR, dan channeling . Dari sisi pendanaan,        channeling products. Menahwile, in terms of the funding, Third
Dana Pihak Ketiga (DPK) meningkat 12,71% menjadi Rp55,03           Party Funds (TPF) increased 12.71% to IDR55.03 trillion,
triliun, terutama ditopang oleh pertumbuhan deposito sebesar       mainly supported by a 12.76% growth in deposits and an
12,76% serta tabungan yang naik 19,48% .                           increase of 19.48% in savings. .


Dari sisi keuangan, pada tahun 2025 menunjukkan                    In terms of a financial perspective, 2025 showed positive
pertumbuhan yang positif. Total aset tercatat mencapai             growth. Total assets reached IDR73.02 trillion, an increase
Rp73,02 triliun, meningkat 10,25% dibandingkan Rp66,23             of 10.25% compared to IDR66.23 trillion in 2024, primarily
triliun pada tahun 2024, yang terutama didorong oleh               driven by credit growth of 9.23% or IDR4.27 trillion. From a
pertumbuhan kredit sebesar 9,23% atau Rp4,27 triliun. Dari         capital perspective, equity increased significantly by 20.64%
sisi permodalan, ekuitas meningkat signifikan sebesar 20,64%       to IDR9.39 trillion, primarily driven by an increase in retained
menjadi Rp9,39 triliun, terutama berasal dari kenaikan saldo       earnings of IDR1.42 trillion. Revenue performance also
laba ditahan sebesar Rp1,42 triliun. Kinerja pendapatan juga       showed improvement, with net interest income reaching
menunjukkan perbaikan, dengan pendapatan bunga neto                IDR3.66 trillion, an increase of 6.51% compared to IDR3.44
mencapai Rp3,66 triliun atau tumbuh 6,51% dibandingkan             trillion in the previous year, in line with the increase in interest
tahun sebelumnya sebesar Rp3,44 triliun, seiring peningkatan       income. Similarly, profit for the year also recorded an increase
pendapatan bunga. Sejalan dengan hal tersebut, laba tahun          to IDR1.581 trillion from IDR1.577 trillion in 2024, reflecting
berjalan turut mencatatkan kenaikan menjadi Rp1,581 triliun        the Company's maintained and stable performance.
dari Rp1,577 triliun pada tahun 2024, mencerminkan kinerja
Perseroan yang tetap terjaga dan stabil.


Teknologi Informasi                                                Information Technology

Sementara itu, dari sisi transformasi digital, ditandai dengan     Meanwhile, in terms of digital transformation, it is marked
keberhasilan implementasi New Core Banking System                  by the successful implementation of the New Core Banking
(NCBS) sebagai fondasi utama modernisasi sistem perbankan.         System (NCBS) as the key foundation for modernizing the
Implementasi ini telah diterapkan secara menyeluruh pada           banking system. This implementation has been applied
seluruh layanan perbankan, sehingga menjadi tonggak penting        comprehensively across all banking services, thus becoming
dalam memperkuat kapabilitas digital Bank. Melalui NCBS,           a significant milestone in strengthening the Bank's digital
Bank Mandiri Taspen mampu menghadirkan layanan yang                capabilities. Through NCBS, Bank Mandiri Taspen can provide
lebih cepat, efisien, andal, dan aman, sekaligus meningkatkan      faster, more efficient, more reliable, and more secure services,
kualitas pengalaman nasabah dalam mengakses layanan                while simultaneously improving the quality of the customer
perbankan. Selain itu, transformasi ini juga berkontribusi dalam   experience in accessing banking services. Furthermore, this
optimalisasi infrastruktur teknologi informasi, peningkatan        transformation also contributes to optimizing information
keamanan data, serta efisiensi operasional secara menyeluruh.      technology infrastructure, increasing data security, and overall
Dengan demikian, implementasi NCBS tidak hanya merupakan           operational efficiency. Thus, the implementation of NCBS is not
pembaruan sistem, tetapi juga menjadi langkah strategis Bank       only a system update, but also a strategic step for the Bank
dalam memperkuat daya saing dan kesiapan menghadapi era            in strengthening its competitiveness and readiness to face the
digital banking yang semakin berkembang.                           increasingly evolving digital banking era.




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Human Capital                                                      Human Capital

Pengembangan kompetensi SDM menjadi salah satu                     Human resource competency development was one of the
pendorong utama kinerja Bank Mandiri Taspen sepanjang              key drivers of Bank Mandiri Taspen's performance throughout
tahun 2025. Bank secara konsisten melaksanakan program             2025. The Bank consistently implemented comprehensive
pelatihan dan pengembangan secara komprehensif melalui             training and development programs through offline and online
metode luring dan daring, dengan melibatkan penyelenggara          methods, involving both internal and external providers,
internal maupun eksternal, serta memberikan kesempatan             and providing equal opportunities for all employees.
yang setara bagi seluruh pegawai. Implementasi program ini         The implementation of this program was reflected in the
tercermin dari partisipasi 1.009 pegawai pada pengembangan         participation of 1,009 employees in leadership development,
leadership, 603 pegawai pada kompetensi non-teknis, serta          603 employees in non-technical competencies, and 3,767
3.767 pegawai pada peningkatan kompetensi lainnya sesuai           employees in other competency enhancements according
kebutuhan unit kerja. Selain itu, penguatan profesionalisme juga   to work unit needs. Furthermore, professionalism was also
dilakukan melalui sertifikasi, dengan 1.153 pegawai mengikuti      strengthened through certification, with 1,153 employees
sertifikasi berbasis SKKNI dan 54 pegawai pada sertifikasi         participating in SKKNI-based certification and 54 employees
non-SKKNI. Seluruh inisiatif tersebut dievaluasi secara berkala    in non-SKKNI certification. These initiatives were periodically
guna memastikan efektivitasnya, sehingga mampu mendukung           evaluated to ensure their effectiveness, so it could increase
peningkatan produktivitas, kualitas kinerja, serta pencapaian      productivity, performance quality, and the sustainable
target Bank secara berkelanjutan.                                  achievement of the Bank's targets.


Perbandingan Antara Hasil yang Dicapai                             Comparison Between The Results and The
dengan yang Ditargetkan                                            Targets

Berdasarkan strategi yang telah diterapkan, Bank Mandiri           Based on the applied strategies, Bank Mandiri Taspen
Taspen berhasil mencatatkan kinerja yang baik pada tahun           successfully recorded good performance in 2025 with
2025 dengan pencapaian yang umumnya melampaui target               achievements that generally exceeded the targets in the
dalam Rencana Bisnis Bank (RBB). Hal ini tercermin dari            Bank Business Plan (RBB). The performance was reflected in
realisasi aset yang mencapai 100,86% dari target serta             the realization of assets that reached 100.86% of the target
ekuitas sebesar 101,96%, didukung oleh peningkatan kinerja         and equity of 101.96%, supported by the improvement in the
Bank. Dari sisi pendanaan, Dana Pihak Ketiga (DPK) juga            Bank's performance. In terms of funding, Third Party Funds
menunjukkan kinerja yang kuat dengan pencapaian sebesar            (TPF) also showed strong performance with an achievement
104,71%, yang ditopang oleh pertumbuhan tabungan sebesar           of 104.71%, supported by savings growth of 107.76% and
107,76% dan deposito sebesar 104,19%. Selain itu, Bank turut       deposits of 104.19%. In addition, the Bank also recorded
mencatatkan pencapaian positif pada jumlah rekening DPK dan        positive achievements in the number of TPF and ASN Pension
Dana Pensiun ASN yang masing-masing mencapai 104,71%               Fund accounts, which reached 104.71% and 104.79% of the
dan 104,79% dari target. Di tengah tantangan industri              target, respectively. Amidst the challenges of the banking
perbankan, kinerja ini mencerminkan kemampuan Bank Mandiri         industry, this performance reflected Bank Mandiri Taspen's
Taspen dalam menjaga pertumbuhan yang berkelanjutan serta          ability to maintain sustainable growth and strengthen its
memperkuat posisinya di segmen bisnis yang dilayani.               position in the business segments it serves.


Kendala-Kendala yang Dihadapi oleh Bank                            Constraints Dealt with Bank and Its
dan Langkah-Langkah Penyelesaiannya                                Resolving Measures

Dalam menjalankan kegiatan operasionalnya, Bank Mandiri            To perform its operational activities, Bank Mandiri Taspen
Taspen menyadari bahwa Bank tidak terlepas dari berbagai           recognizes that the Bank is not free from various obstacles.
kendala. Kendala tersebut antara lain, perlunya peningkatan        These obstacles include the need to improve the Bank's
kapabilitas bisnis Bank untuk dapat tapping ke segmen di luar      business capabilities to tap into segments beyond Pensioners,
Pensiunan baik lending maupun funding sehingga bisnis Bank         both in lending and funding, so that the Bank's business
tetap relevan. Untuk mengatasi kendala tersebut, Bank Mandiri      remains relevant. To overcome these obstacles, Bank Mandiri
Taspen memperkuat akuisisi nasabah ritel melalui optimalisasi      Taspen strengthens retail customer acquisition through
produk tabungan dan deposito, program aktivasi dan win-            optimization of savings and deposit products, activation and
back, serta pemanfaatan ekosistem seperti Family Banking dan       win-back programs, and utilization of ecosystems such as
kanal distribusi Agen Bank Mandiri. Di sisi pembiayaan, Bank       Family Banking and Bank Mandiri Agent distribution channels.
memperluas portofolio kredit secara selektif, termasuk melalui     On the financing side, the Bank is selectively expanding its
Kredit Mantap Auto Loan, serta didukung sistem digital untuk       credit portfolio, including through the Kredit Mantap Auto




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mempercepat proses akuisisi. Upaya ini diperkuat melalui         Loan, and is supported by a digital system to accelerate the
sinergi dengan induk perusahaan dan kemitraan strategis guna     acquisition process. These efforts are strengthened through
memperluas jangkauan pasar dan meningkatkan daya saing.          synergies with the parent company and strategic partnerships
                                                                 to expand market reach and increase competitiveness.


Kendala lainnya yaitu, peningkatan infrastruktur IT khususnya    Another challenge is improving IT infrastructure, particularly
layanan e-channel sehingga dapat mendorong pertumbuhan           e-channel services, to drive the growth of the Bank's recurring
fee based income recurring Bank. Untuk mengatasi kendala         fee-based income. To address this challenge, the Bank is
tersebut, Bank mempercepat inisiasi digitalisasi melalui         accelerating its digitalization initiatives by strengthening
penguatan fitur mobile banking dan implementasi New Core         mobile banking features and implementing the New Core
Banking System (NCBS) sebagai fondasi operasional yang           Banking System (NCBS) as a more reliable, faster, and more
lebih andal, cepat, dan aman. Upaya ini didukung dengan          secure operational foundation. These efforts are supported by
optimalisasi layanan digital untuk meningkatkan transaksi        optimizing digital services to increase customer transactions
nasabah, serta efisiensi operasional melalui otomatisasi         and operational efficiency through process automation and
proses dan pemanfaatan media digital. Selain itu, penguatan      the use of digital media. Furthermore, strengthening IT
keamanan IT melalui multi-layered security dan peningkatan       security through multi-layered security and improving access
manajemen akses memastikan keandalan sistem dalam                management ensures system reliability in supporting the
mendukung pertumbuhan transaksi digital dan fee based            sustainable growth of digital transactions and fee-based
income secara berkelanjutan.                                     income.



Hal-Hal Penting yang Diperkirakan                                Important Things and Business
Terjadi pada Masa Mendatang dan                                  Prospects Expected to Occur in The
Prospek Usaha                                                    Future

Perang di Timur Tengah sejak akhir Februari 2026 semakin         The war in the Middle East since late February 2026 has
memperburuk prospek perekonomian global melalui lonjakan         further worsened the global economic outlook through soaring
harga minyak yang mengganggu rantai pasok perdagangan,           oil prices that have disrupted trade supply chains, depressed
menekan pertumbuhan ekonomi dunia, dan meningkatkan              global economic growth, and increased global inflation. This
inflasi global. Kondisi ini turut memicu volatilitas pasar       situation has also triggered financial market volatility, marked
keuangan, ditandai dengan penguatan dolar AS, kenaikan yield     by a strengthening US dollar, rising US Treasury yields, and
US Treasury, serta arus keluar modal dari negara emerging        capital outflows from emerging market countries. Rising
markets. Tekanan inflasi yang meningkat mempersempit ruang       inflationary pressures have narrowed the scope for global
pelonggaran moneter global, termasuk potensi tertundanya         monetary easing, including the potential for a delay in lowering
penurunan Fed Funds Rate (FFR), sementara defisit fiskal AS      the Fed Funds Rate (FFR), while the widening US fiscal deficit
yang melebar mendorong kenaikan premi risiko investasi dan       has driven up investment risk premiums and shifted capital
pergeseran aliran modal ke aset safe-haven. Dampaknya, mata      flows to safe-haven assets. Consequently, emerging market
uang negara emerging markets mengalami tekanan, sehingga         currencies have come under pressure, necessitating stronger
memerlukan respons kebijakan fiskal dan moneter yang lebih       fiscal and monetary policy responses to maintain domestic
kuat untuk menjaga stabilitas ekonomi domestik.                  economic stability.


Di tengah tekanan eksternal global, momentum pertumbuhan         Amidst global external pressures, Indonesia's economic
ekonomi Indonesia tetap terjaga dengan dukungan permintaan       growth momentum remains strong, supported by domestic
domestik dan stabilitas makroekonomi, di mana pada Triwulan      demand and macroeconomic stability. In the first quarter of
I 2026 pertumbuhan didorong oleh peningkatan konsumsi            2026, growth was driven by increased household consumption
rumah tangga saat periode HBKN yang didukung THR, belanja        during the National Holidays (HBKN) period, supported by
sosial, dan insentif fiskal, serta investasi yang tetap tumbuh   THR (Holiday Holidays), social spending, and fiscal incentives,
seiring akselerasi program Pemerintah seperti KDKMP dan          as well as continued investment growth in line with the
Danantara. Sinergi kebijakan Pemerintah dan Bank Indonesia       acceleration of government programs such as KDKMP and
terus diperkuat untuk menjaga stabilitas, dengan prospek         Danantara. The synergy between the government and Bank
pertumbuhan ekonomi 2026 diprakirakan berada pada kisaran        Indonesia policies continues to be strengthened to maintain
4,9%–5,7%, didukung keyakinan pelaku ekonomi dan berbagai        stability, with the 2026 economic growth outlook projected to
program penciptaan lapangan kerja, sementara bauran              be in the range of 4.9%–5.7%, supported by the confidence of
kebijakan moneter, makroprudensial, dan sistem pembayaran        economic actors and various job creation programs. Meanwhile,
diarahkan untuk menjaga stabilitas nilai tukar Rupiah yang       the mix of monetary, macroprudential, and payment system




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sempat melemah ke Rp16.985 per dolar AS pada 16 Maret            policies is aimed at maintaining the stability of the Rupiah
2026 atau turun 1,29% dibanding akhir Februari 2026, melalui     exchange rate, which weakened to IDR16,985 per US dollar
intervensi di pasar valas baik NDF, spot, maupun DNDF serta      on March 16, 2026, down 1.29% compared to the end of
optimalisasi instrumen moneter guna menarik aliran modal         February 2026, through intervention in the foreign exchange
asing dan menjaga stabilitas pasar keuangan domestik.            market, including NDF, spot, and DNDF, as well as optimizing
                                                                 monetary instruments to attract foreign capital flows and
                                                                 maintain domestic financial market stability.


Sejalan dengan stabilitas makroekonomi yang tetap terjaga,       In line with maintained macroeconomic stability, the national
kinerja industri perbankan nasional menunjukkan ketahanan        banking industry's performance demonstrated strong resilience.
yang baik. Pertumbuhan kredit perbankan pada Februari 2026       Bank credit growth in February 2026 was recorded at 9.37%
tercatat sebesar 9,37% (yoy), sedikit melambat dibandingkan      (yoy), a slight slowdown compared to 9.96% (yoy) in January
Januari 2026 sebesar 9,96% (yoy). Berdasarkan kelompok           2026. Based on usage groups, credit growth was supported by
penggunaan, pertumbuhan kredit didukung oleh kredit investasi,   investment credit, working capital credit, and consumer credit,
kredit modal kerja, dan kredit konsumsi yang masing-masing       which grew by 20.72% (yoy), 3.88% (yoy), and 6.34% (yoy),
tumbuh sebesar 20,72% (yoy), 3,88% (yoy), dan 6,34% (yoy).       respectively. Going forward, credit growth in 2026 is projected
Ke depan, pertumbuhan kredit pada tahun 2026 diprakirakan        to remain in the range of 8%–12%, supported by the potential
tetap berada pada kisaran 8%–12%, didukung oleh potensi          for increased financing demand and the optimization of
peningkatan permintaan pembiayaan serta optimalisasi fasilitas   substantial undisbursed loan facilities. From the funding side,
kredit yang belum digunakan (undisbursed loan) yang masih        the growth prospects for Third Party Funds (TPF) in Indonesian
cukup besar. Dari sisi pendanaan, prospek pertumbuhan Dana       banks in 2026 are projected to grow steadily in the range of
Pihak Ketiga (DPK) perbankan Indonesia pada tahun 2026           7%–9%, so it is expected to bolster banking liquidity capacity
diproyeksikan tumbuh stabil pada kisaran 7%–9%, sehingga         to support sustainable credit expansion.
diharapkan dapat menopang kapasitas likuiditas perbankan
dalam mendukung ekspansi kredit secara berkelanjutan.


Berdasarkan uraian di atas maka Bank Mandiri Taspen memiliki     Based on the description above, Bank Mandiri Taspen has
prospek usaha yang sangat baik di masa yang akan datang.         excellent business prospects for the future. Bank Mandiri
Bank Mandiri Taspen tetap optimis untuk dapat senantiasa         Taspen remains optimistic about continuously improving
meningkatkan kinerjanya dalam jangka panjang. Bank Mandiri       its performance in the long term. Bank Mandiri Taspen has
Taspen memiliki peluang untuk tumbuh. Peluang yang dimiliki      opportunities for growth. These opportunities include the
Bank Mandiri Taspen antara lain sebagai berikut:                 following:
1. Bank Mandiri Taspen berpeluang masuk ke new business          1. Bank Mandiri Taspen has the opportunity to enter the
    Dana Pensiun (Dapen) BUMN dan swasta yang mempunyai               new business of state-owned and private pension funds
    karakteristik seperti segmen ASN dan pensiunan.                   (Dapen), which have characteristics similar to the civil
                                                                      servant and retiree segments.
2. Branding mulai dikenal dan dilirik oleh pencari kerja baik    2. Its branding is starting to be recognized and sought after
   fresh graduate maupun yang telah berpengalaman.                    by job seekers, both fresh graduates and experienced ones.
3. Segmen pembiayaan kredit mikro, Usaha Mikro Kecil             3. The microfinance, micro, small, and medium enterprise
   Menengah (UMKM), pra pensiun dan pensiunan di                      (MSME), pre-retirement, and retiree segments in Indonesia
   Indonesia yang masih memiliki potensi pasar yang besar.            still hold significant market potential.
4. Untuk meningkatkan komposisi funding retail, Bank             4. To increase its retail funding mix, Bank Mandiri Taspen also
   Mandiri Taspen juga berpeluang untuk mengoptimalkan                has the opportunity to optimize the potential of the senior
   potensi segmen senior citizen usia > 40 tahun.                     citizen segment aged 40 and over.
5. Segmen pembiayaan kredit pensiunan yang lebih                 5. The pensioner loan financing segment is more resilient to
   resistance terhadap dampak lesunya perekonomian.                   the impact of the economic downturn.
6. Peluang memberikan layanan perbankan yang lebih baik          6. The opportunity to provide better banking services to
   hingga ke berbagai pelosok daerah melalui pemanfaatan              remote areas by leveraging the parent entity's network.
   jaringan yang dimiliki entitas induk.
7. Sources pegawai dari kalangan millennial akan membantu        7. Employee sources from the millennial generation will help
   bank dalam mengantisipasi perubahan ke arah digitalisasi.        the bank anticipate the shift towards digitalization.
8. Pada sisi teknologi, tren AI and machine learning, open       8. On the technology side, trends in AI and machine learning,
   banking, dan integrasi API menyediakan peluang bagi              open banking, and API integration provide opportunities
   Bank Mantap untuk menyederhanakan proses bisnis,                 for Bank Mantap to simplify business processes, improve
   meningkatkan efisiensi operasional, serta memperkuat             operational efficiency, and strengthen digital services for
   layanan digital bagi nasabah.                                    customers.




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Informasi Terkait Kelompok Usaha Bank                            Information Related to Bank Business
                                                                 Group

Bank Mandiri Taspen merupakan Kelompok Usaha Bank dari           Bank Mandiri Taspen is a Bank Business Group of PT Bank
PT Bank Mandiri (Persero) Tbk. Per 31 Desember 2025, tidak       Mandiri (Persero) Tbk. As of December 31, 2025, there were
terdapat perubahan penting yang terjadi pada Bank Mandiri        no significant changes that occurred at Bank Mandiri Taspen
Taspen dalam kelompok usaha Bank dan tidak terdapat              within the Bank business group and there was no ownership
kepemilikan Direksi, Dewan Komisaris, dan Pemegang Saham         of Directors, Board of Commissioners, and Shareholders in the
dalam Kelompok Usaha Bank.                                       Bank Business Group.



Perkembangan Penerapan Tata Kelola                               Development of Corporate Governance
Perusahaan                                                       Implementation

Penerapan corporate governance di Bank Mandiri Taspen terus      The corporate governance implementation at Bank Mandiri
menjadi fokus utama Direksi dalam memastikan pengelolaan         Taspen is continuously a primary focus of the Board of Directors,
Bank berjalan secara sehat, transparan, dan berkelanjutan.       ensuring the Bank's management is sound, transparent, and
Direksi secara konsisten mengimplementasikan prinsip-prinsip     sustainable. The Board of Directors consistently implements
GCG dalam setiap aktivitas usaha, dengan mengedepankan           GCG principles in business activities, prioritizing ETAK (Ethics,
ETAK (Etika, Transparansi, Akuntabilitas, dan Keberlanjutan)     Transparency, Accountability, and Sustainability) as the
sebagai landasan dalam pengambilan keputusan strategis.          foundation for strategic decision-making.


Penerapan perilaku beretika di Bank Mandiri Taspen merupakan     The implementation of ethical behavior at Bank Mandiri Taspen
bagian integral dari budaya perusahaan yang mendukung            is an integral part of the corporate culture that supports the
terciptanya tata kelola yang baik dan berkelanjutan.             creation of good and sustainable governance. The Bank
Bank secara konsisten menanamkan nilai-nilai integritas,         consistently instills the values of integrity, professionalism, and
profesionalisme, dan kepatuhan kepada seluruh insan Bank         compliance in all Bank employees through the implementation
melalui penerapan kode etik (code of conduct) yang menjadi       of a code of ethics that serves as a guideline in all work
pedoman dalam setiap aktivitas kerja dan pengambilan             activities and decision-making. The Board of Directors ensures
keputusan. Direksi memastikan bahwa seluruh karyawan             that all employees understand and adhere to applicable
memahami dan menjalankan standar etika yang berlaku,             ethical standards, including maintaining the confidentiality
termasuk dalam menjaga kerahasiaan informasi, menghindari        of information, avoiding conflicts of interest, and upholding
benturan kepentingan, serta menjunjung tinggi prinsip            the principles of honesty and responsibility. These efforts are
kejujuran dan tanggung jawab. Upaya ini diperkuat melalui        reinforced through regular socialization, training, and effective
sosialisasi berkala, pelatihan, serta mekanisme pengawasan       oversight mechanisms to ensure compliance with the code of
yang efektif untuk memastikan kepatuhan terhadap kode            ethics. In addition, the Bank also provides a whistleblowing
etik. Selain itu, Bank juga menyediakan saluran pelaporan        system that can be accessed securely and confidentially,
pelanggaran (whistleblowing system) yang dapat diakses           as a means to report suspected violations of ethics or
secara aman dan rahasia, sebagai sarana untuk melaporkan         applicable regulations. Each report is followed up objectively
dugaan pelanggaran etika maupun ketentuan yang berlaku.          and transparently, with the application of strict sanctions in
Setiap laporan ditindaklanjuti secara objektif dan transparan,   accordance with Bank regulations.
dengan penerapan sanksi yang tegas sesuai ketentuan Bank.


Terkait dengan transparansi, Bank senantiasa menerapkan          In terms of transparency, the Bank consistently implements
keterbukaan informasi yang dibutuhkan bagi para pemangku         the necessary information disclosure for stakeholders. The
kepentingan. Bank telah memberikan rincian kontak melalui        Bank has provided contact details through the Bank's website
situs web Bank atau Laporan Tahunan yang mana para               or Annual Report, which stakeholders can use to convey
pemangku kepentingan dapat menggunakannya untuk                  complaints, suggestions, or potential violations of their rights.
meyampaikan keluhan, saran maupun kemungkinan adanya             The Bank also implements information disclosure through the
pelanggaran atas hak-hak mereka. Bank juga melaksanakan          Annual Report. In addition to the annual report, the Bank has
pengungkapan informasi melalui Laporan Tahunan. Selain           disclosed company information through Quarterly Reports and
melalui laporan tahunan, Bank telah mengungkapkan informasi      financial reports that can be viewed on the Bank's website.
perusahaan melalui Laporan Triwulanan, laporan keuangan          The public can access all financial and non-financial reports
yang dapat dilihat pada website Bank. Masyarakat dapat           submitted by Bank Mandiri Taspen transparently through
mengakses seluruh laporan keuangan dan non keuangan yang         various available means in a timely, complete, and accurate




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telah disampaikan Bank Mandiri Taspen secara transparan           manner. Bank Mandiri Taspen has also provided information
melalui berbagai sarana yang tersedia tepat waktu, lengkap        access for stakeholders to obtain further information through
dan akurat. Bank Mandiri Taspen juga telah menyediakan akses      the Corporate Secretary and Legal Division. In addition, one
informasi bagi para pemangku kepentingan untuk mendapatkan        form of information dissemination of Bank Mandiri Taspen to
informasi lebih lanjut melalui Divisi Corporate Secretary &       the public is through press releases. The Bank also regularly
Legal. Selain itu, salah satu bentuk penyebarluasan informasi     publishes bulletins containing information for employees.
Bank Mandiri Taspen kepada publik yaitu dengan melakukan
siaran pers. Bank juga secara rutin menerbitkan buletin yang
memuat informasi bagi karyawan.


Penerapan prinsip akuntabilitas di Bank Mandiri Taspen            The principle of accountability is consistently implemented at
dilakukan secara konsisten untuk memastikan setiap                Bank Mandiri Taspen to ensure that every aspect of business
pengelolaan kegiatan usaha dapat dipertanggungjawabkan            management can be accounted for in a clear, measurable, and
secara jelas, terukur, dan transparan. Direksi menetapkan         transparent manner. The Board of Directors has established a
pembagian tugas dan tanggung jawab yang tegas pada                clear division of tasks and responsibilities at all levels of the
seluruh jenjang organisasi, sehingga setiap fungsi memiliki       organization, ensuring that each function has a clear role in
peran yang jelas dalam mendukung pencapaian kinerja               supporting the Bank's performance. In its implementation, the
Bank. Dalam pelaksanaannya, Bank didukung oleh sistem             Bank is supported by a reliable and integrated management
pelaporan manajemen yang andal dan terintegrasi, sehingga         reporting system, enabling regular performance monitoring
memungkinkan proses monitoring dan evaluasi kinerja               and evaluation. Each work unit is required to prepare accurate
dilakukan secara berkala. Setiap unit kerja diwajibkan menyusun   and timely performance reports as a basis for decision-making
laporan kinerja yang akurat dan tepat waktu sebagai dasar         and as a form of accountability for the implementation of
pengambilan keputusan serta bentuk pertanggungjawaban             its duties. Accountability is also strengthened through the
atas pelaksanaan tugasnya. Penguatan akuntabilitas juga           implementation of an internal control system, an internal audit
dilakukan melalui penerapan sistem pengendalian internal,         function, and oversight by the Board of Commissioners and
fungsi audit internal, serta pengawasan dari Dewan Komisaris      its subordinate committees. Furthermore, the Bank ensures
dan komite-komite di bawahnya. Selain itu, Bank memastikan        compliance with all applicable provisions and regulations,
kepatuhan terhadap seluruh ketentuan dan regulasi yang            including in submitting reports to regulators and stakeholders.
berlaku, termasuk dalam penyampaian laporan kepada
regulator dan pemangku kepentingan.


Terkait keberlanjutan, Bank Mandiri Taspen menjadikan             Regarding sustainability, Bank Mandiri Taspen has made
keberlanjutan sebagai salah satu pilar strategis dalam            sustainability one of the strategic pillars in the implementation
penerapan tata kelola perusahaan yang baik. Pilar ini             of good corporate governance. This pillar reflects the Bank's
mencerminkan komitmen Bank untuk tidak hanya mengejar             commitment to not only pursue short-term business growth,
pertumbuhan bisnis jangka pendek, tetapi juga menciptakan         but also create long-term value for all stakeholders, including
nilai jangka panjang bagi seluruh pemangku kepentingan,           the community, the environment, and future generations. As a
termasuk masyarakat, lingkungan, dan generasi mendatang.          company that focuses on the pensioner and MSME segments,
Sebagai Perusahaan yang memiliki fokus pada segmen                Bank Mandiri Taspen views sustainability as an integral part
pensiunan dan UMKM, Bank Mandiri Taspen memandang                 of its business model. This commitment is realized through
keberlanjutan sebagai bagian integral dari model bisnis.          three main dimensions: Economic, Social, and Environmental.
Komitmen ini diwujudkan melalui tiga dimensi utama yaitu          In its economic commitment, Bank Mandiri Taspen carries
Ekonomi, Sosial dan Lingkungan. Pada komitmen ekonomi,            out healthy and competitive operations while maintaining
Bank Mandiri Taspen menjalankan operasional yang sehat            the principles of prudence and risk management. The focus
dan berdaya saing dengan tetap menjaga prinsip kehati-hatian      on empowering MSMEs and financial services for pensioners
dan manajemen risiko. Fokus pada pemberdayaan UMKM                is part of the Bank's contribution to supporting inclusive and
dan layanan keuangan untuk pensiunan menjadi bagian dari          sustainable economic growth. Social commitment is carried out
kontribusi Bank dalam mendukung pertumbuhan ekonomi yang          by actively playing a role in community development through
inklusif dan berkelanjutan. Komitmen sosial dilakukan dengan      various corporate social responsibility (CSR) programs,
secara aktif berperan dalam pengembangan komunitas melalui        such as entrepreneurship training for pensioners, increasing
berbagai program tanggung jawab sosial perusahaan (CSR),          financial literacy, and social assistance to communities in
seperti pelatihan kewirausahaan bagi pensiunan, peningkatan       need. These programs are designed to improve social welfare
literasi keuangan, dan bantuan sosial kepada masyarakat           in a sustainable manner. Furthermore, regarding the Bank's
yang membutuhkan. Program-program ini dirancang untuk             commitment to the environment, even though banking activities
meningkatkan kesejahteraan sosial secara berkelanjutan.           do not directly impact the environment, Bank Mandiri Taspen




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Kemudian, komitmen Bank terhadap Lingkungan, meskipun            continues to demonstrate its concern through energy efficiency,
kegiatan perbankan tidak secara langsung berdampak besar         paper waste reduction, and the digitalization of operational
terhadap lingkungan, Bank Mandiri Taspen tetap menunjukkan       processes. In addition, the Bank also supports environmentally
kepedulian melalui efisiensi energi, pengurangan limbah          friendly financing and other green initiatives.
kertas, dan digitalisasi proses operasional. Di samping itu,
Bank juga mendukung pembiayaan berwawasan lingkungan
dan inisiatif hijau lainnya.


Sebagai wujud transparansi pelaksanaan Tata Kelola               As a form of transparency in the implementation of Integrated
Terintegrasi pada Konglomerasi Perusahaan dan sesuai dengan      Governance in Corporate Conglomerates and in accordance
Peraturan Otoritas Jasa Keuangan No. 18/POJK.03/2014             with Financial Services Authority Regulation No. 18/
tentang Penerapan Tata Kelola Terintegrasi Bagi Konglomerasi     POJK.03/2014 concerning the Implementation of Integrated
Keuangan dan Surat Edaran Otoritas Jasa Keuangan No. 15/         Governance for Financial Conglomerates and Financial
SEOJK.03/2015 tentang Penerapan Tata Kelola Terintegrasi         Services Authority Circular Letter No. 15/SEOJK.03/2015
Bagi Konglomerasi Keuangan, Bank Mandiri sebagai Entitas         concerning the Implementation of Integrated Governance for
Utama telah menerapkan Tata Kelola Terintegrasi. Guna            Financial Conglomerates, Bank Mandiri as the Main Entity
meningkatkan kepercayaan investor dan meningkatkan nilai         has implemented Integrated Governance. In order to increase
tambah bagi stakeholders lainnya, Entitas Utama dan seluruh      investor confidence and increase added value for other
Perusahaan Anak wajib menerapkan prinsip-prinsip Tata Kelola     stakeholders, the Main Entity and all Subsidiaries are required
Terintegrasi (TKT) yang kuat dan berkesinambungan, meliputi      to implement strong and sustainable Integrated Governance
Keterbukaan (Transparency), Akuntabilitas (Accountability),      (TKT) principles, including Transparency, Accountability,
Tanggung jawab (Responsibility), Independensi (Independency)     Responsibility, Independence or Professionalism and
atau Profesional (Professional) dan Kewajaran (Fairness). Bank   Fairness. Bank Mandiri Taspen as a member of the financial
Mandiri Taspen sebagai anggota konglomerasi keuangan wajib       conglomerate is required to have internal provisions regarding
memiliki ketentuan internal mengenai tata kelola perusahaan      corporate governance that refer to the governance framework
yang mengacu pada rerangka tata kelola bagi perusahaan           for subsidiaries.
anak.


Dalam rangka evaluasi penerapan GCG, Bank Mandiri Taspen         To evaluate the implementation of GCG, Bank Mandiri Taspen
melaksanakan GCG Assessment yang dilaksanakan secara             conducts a GCG Assessment periodically and consistently
periodik dan konsisten setiap tahun yang terdiri dari Self       every year, consisting of a self-assessment in accordance with
assessment sesuai dengan ketentuan POJK dan melalui Third        the provisions of the Financial Services Authority Regulation
Party Assessment. Hasil Self-Assessment pada tahun 2025          (POJK) and a third-party assessment. The results of the self-
yaitu pada Peringkat 2 yang mencerminkan manajemen Bank          assessment in 2025 were ranked 2, reflecting that the Bank's
telah melakukan penerapan Tata Kelola yang secara umum           management has implemented generally good Governance.
baik. Hal ini tercermin dari pemenuhan yang sangat memadai       This is reflected in the very adequate fulfillment of Governance
atas prinsip Tata Kelola. Dalam hal terdapat kelemahan           principles. In the event of weaknesses in the implementation
penerapan prinsip Tata Kelola, secara umum kelemahan             of Governance principles, these weaknesses are generally not
tersebut tidak signifikan dan dapat segera dilakukan perbaikan   significant and can be immediately corrected by the Bank's
oleh manajemen Bank.                                             management.



Penilaian Komite di Bawah Direksi                                Assessment of Committee Under The
                                                                 Board of Directors

Untuk mengukur efektivitas kinerja komite di bawah Direksi       To measure the effectiveness of the performance of committees
dalam membantu Direksi menjalankan pengurusan perusahaan         under the Board of Directors in assisting the Board of Directors
maka dilakukan penilaian terhadap di bawah Direksi. Direksi      in managing the company, an assessment is conducted on
dibantu oleh 5 (lima) Komite yang semuanya bertugas              those under the Board of Directors. The Board of Directors is
memberikan opini obyektif kepada Direksi dan membantu            assisted by 5 (five) Committees, all of which are tasked with
meningkatkan efektivitas pelaksanaan tugas Direksi secara        providing objective opinions to the Board of Directors and
sistematis. Anggota Komite ditunjuk oleh Direksi dan dalam       helping to systematically improve the effectiveness of the
pelaksanaan rapat memberikan kontribusi sesuai dengan            Board of Directors' implementation of their duties. Committee
bidang keahliannya. Komite tersebut adalah Komite Manajemen      members are appointed by the Board of Directors and
Risiko, Asset Liability Committee (ALCO), Komite Teknologi       contribute according to their areas of expertise in meetings.




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                                                                                                         PT Bank Mandiri Taspen




Informasi, Komite Kredit dan Komite Kebijakan Perkreditan.    These committees are the Risk Management Committee, the
Direksi menilai bahwa selama 2025, komite-komite di bawah     Asset Liability Committee (ALCO), the Information Technology
Direksi telah menjalankan tugas dan tanggung jawabnya         Committee, the Credit Committee, and the Credit Policy
dengan baik.                                                  Committee. The Board of Directors assessed that, during
                                                              2025, the committees under the Board of Directors had well-
                                                              performed their duties and responsibilities.



Perubahan Komposisi Anggota Direksi                           Changes in The Composition of The
                                                              Members of The Board of Directors

Selama tahun 2025, Komposisi anggota Direksi Bank Mandiri     During 2025, the composition of the members of the Board
Taspen mengalami perubahan sesuai dengan kebutuhan Bank       of Directors of Bank Mandiri Taspen changed according to the
sebagaimana dijelaskan berikut.                               Bank's needs, as explained below.


KOMPOSISI DIREKSI SEBELUM RUPS LUAR BIASA                     COMPOTITION OF THE BOARD OF DIRECTORS BEFORE
TANGGAL 25 SEPTEMBER 2025                                     EGMS AS OF SEPTEMBER 25, 2025
Komposisi Direksi sebelum RUPS Luar Biasa tanggal 25          The composition of the Board of Directors before the EGMS on
September 2025 sebanyak 5 (lima) orang yang terdiri dari      September 25, 2025 was 5 (five) people, consisting of 1 (one)
1 (satu) orang Direktur Utama, dan 4 (empat) orang Direksi    President Director and 4 (four) Directors, as follows:
sebagai berikut:


Elmamber Petamu                                               Elmamber Petamu
                         :    Direktur Utama                                             :    President Director
Sinaga                                                        Sinaga

Maswar Purnama           :    Direktur Business               Maswar Purnama             :    Director of Business

Widi Nugroho             :    Direktur IT & Digital           Widi Nugroho               :    Director of IT & Digital

                              Direktur Finance, Risk &                                        Director of Finance, Risk &
Putu Apriyanto           :                                    Putu Apriyanto             :
                              Operations                                                      Operations

Resi Lora                :    Direktur Compliance & Control   Resi Lora                  :    Director of Compliance & Control



KOMPOSISI DIREKSI SETELAH RUPS LUAR BIASA                     COMPOTITION OF THE BOARD OF DIRECTORS AFTER
TANGGAL 25 SEPTEMBER 2025                                     EGMS AS OF SEPTEMBER 25, 2025
Pada tanggal 25 September 2025 RUPS Luar Biasa                On September 25, 2025, the EGMS decided to accept the
memutuskan menyetujui untuk menerima pengunduran diri         resignation of Elmamber Petamu Sinaga from his position as
Elmamber Petamu Sinaga dari jabatannya sebagai Direktur       President Director. Therefore, the composition of the Board of
Utama. Dengan demikian, komposisi Direksi setelah RUPS Luar   Directors after the EGMS on September 25, 2025, consisted of
Biasa Tahun tanggal 25 September 2025 sebanyak 4 (empat)      four Directors as follows:
orang Direksi sebagai berikut:


Maswar Purnama       : Direktur Business                      Maswar Purnama         : Director of Business

Widi Nugroho         : Direktur IT & Digital                  Widi Nugroho           : Director of IT & Digital

                             Direktur Finance, Risk &                                        Director of Finance, Risk &
Putu Apriyanto       :                                        Putu Apriyanto         :
                             Operations                                                      Operations

Resi Lora            : Direktur Compliance & Control          Resi Lora              : Director of Compliance & Control




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KOMPOSISI DIREKSI SETELAH RUPS LUAR BIASA                                   COMPOTITION OF THE BOARD OF DIRECTORS AFTER
TANGGAL 4 DESEMBER 2025                                                     EGMS AS OF DECEMBER 4, 2025
Pada tanggal 4 Desember 2025 RUPS Luar Biasa memutuskan:                    On December 4, 2025, the EGMS resolved:
1. Menyetujui pemberhentian dengan hormat Maswar                            1. Approving the honorable dismissal of Maswar Purnama
   Purnama sebagai Direktur Business, Widi Nugroho sebagai                     as Director of Business, Widi Nugroho as Director of IT
   Direktur IT & Digital, Putu Apriyanto sebagai Direktur                      & Digital, Putu Apriyanto as Director of Finance, Risk &
   Direktur Finance, Risk & Operations, dan Resi Lora sebagai                  Operations, and Resi Lora as Director of Compliance &
   Direktur Compliance & Control.                                              Control.
2. Menyetujui pengangkatan Panji Irawan sebagai Direktur                    2. Approving the nomination of Panji Irawan as President
   Utama, Rudi As Aturridha sebagai Wakil Direktur Utama,                      Director, Rudi As Aturridha as Vice President Director, Rio
   Rio Lanasier sebagai Direktur Compliance & Human                            Lanasier as Director of Compliance & Human Resources,
   Resource, Henrisa Yunan Lubis sebagai Direktur IT &                         Henrisa Yunan Lubis as Director of IT & Digital, Rima
   Digital, Rima Cahyani sebagai Direktur Keuangan & Risk,                     Cahyani as Director of Finance & Risk, Mahrauza Purnaditya
   Mahrauza Purnaditya sebagai Direktur Bisnis, Rizky Olyvia                   as Director of Business, Rizky Olyvia Nasution as Director
   Nasution sebagai Direktur Funding (Retail & Network),                       of Funding (Retail & Network), and Noer Fajrieansyah as
   dan Noer Fajrieansyah sebagai Direktur Transformasi &                       Director of Transformation & Business Development.
   Pengembangan Usaha.


Dengan demikian, komposisi Direksi setelah RUPS Luar Biasa                  Therefore, the composition of the Board of Directors after the
tanggal 4 Desember 2025 sebanyak 8 (delapan) orang Direksi                  EGMS on December 4, 2025 was 8 (eight) Directors, consisting
yang terdiri dari 1 (satu) orang Direktur Utama, 1 (satu) orang             of 1 (one) President Director, 1 (one) Vice President Director
Wakil Direktur Utama dan 6 (enam) orang Direktur sebagai                    and 6 (six) Directors as follows:
berikut:


Panji Irawan                 : Direktur Utama                               Panji Irawan                   : President Director

Rudi As Aturridha     *
                             : Wakil Direktur Utama                         Rudi As Aturridha       *
                                                                                                           : Vice President Director

                                 Direktur Compliance & Human                                                   Director of Compliance &
Rio Lanasier                 :                                              Rio Lanasier                   :
                                 Resource                                                                      Human Resource

Henrisa Yunan Lubis*         : Direktur IT & Digital                        Henrisa Yunan Lubis*           : Director of IT & Digital

Rima Cahyani                 : Direktur Keuangan & Risk                     Rima Cahyani                   : Director of Finance & Risk

Mahrauza Purnaditya* : Direktur Bisnis                                      Mahrauza Purnaditya* : Director of Business

                                 Direktur Funding (Retail &                                                    Director of Funding
Rizky Olyvia Nasution* :                                                    Rizky Olyvia Nasution* :
                                 Network)                                                                      (Retail & Network)

                                 Direktur Transformasi &                                                       Director of Transformation &
Noer Fajrieansyah*           :                                              Noer Fajrieansyah*             :
                                 Pengembangan Usaha                                                            Business Development

* Telah diangkat berdasarkan keputusan sirkuler Pemegang Saham tanggal 04   * Appointed based on the Circular Resolution of the Shareholders dated
  Desember 2025 dan masih dalam proses Penilaian Kemampuan & Kepatutan        December 4, 2025 and is currently in the process of the Fit and Proper Test
  oleh Otoritas Jasa Keuangan                                                 conducted by Otoritas Jasa Keuangan.




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                                                                                                        PT Bank Mandiri Taspen




Penutup                                                           Closing

Direksi menyampaikan apresiasi setinggi-tingginya kepada          The Board of Directors would like to express its highest
Dewan Komisaris atas arahan dan pengawasan yang                   appreciation to the Board of Commissioners for their
konstruktif, serta kepada seluruh karyawan atas dedikasi dan      constructive guidance and supervision, and to employees
kontribusi yang luar biasa. Ucapan terima kasih juga kami         for their dedication and extraordinary contributions. We
sampaikan kepada para pemegang saham, nasabah, mitra              also extended our gratitude to our shareholders, customers,
kerja, dan seluruh pemangku kepentingan atas kepercayaan          business partners, and stakeholders for their trust and support
dan dukungan yang telah diberikan kepada Bank Mandiri             in Bank Mandiri Taspen.
Taspen.


Memasuki tahun 2026, Bank Mandiri Taspen akan terus               As we enter 2026, Bank Mandiri Taspen will continue its
melanjutkan strategi pertumbuhan yang berkelanjutan               sustainable growth strategy while prioritizing the principles of
dengan tetap mengedepankan prinsip kehati-hatian, inovasi,        prudence, innovation, and excellent service. We are optimistic
dan pelayanan prima. Kami optimis bahwa dengan fondasi            that, with the foundation we have built, PT Bank Mandiri
yang telah dibangun, PT Bank Mandiri Taspen akan mampu            Taspen can create sustainable added value for all stakeholders.
menciptakan nilai tambah yang berkelanjutan bagi seluruh
pemangku kepentingan.




                                        Jakarta, 29 April 2026 / Jakarta, April 29, 2026
                                    Atas Nama Direksi / On behalf of the Board of Directors




                                                       Panji Irawan
                                                       Direktur Utama
                                                      President Director




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Report of Directors and Board of Commissioners




     Direksi / Directors
     1.    Mahrauza Purnaditya* _ Direktur Bisnis / Director of Business
     2.    Rima Cahyani _ Direktur Keuangan & Risk / Director of Finance & Risk
     3.    Rio Lanasier _ Direktur Compliance & Human Resource / Director of Compliance & Human Resource
     4.    Panji Irawan _ Direktur Utama / President Director


     * Sedang dalam proses Fit & Proper Test OJK / Currently undergoing the Fit and Proper Test conducted by the Otoritas Jasa Keuangan.




                  1                                      2                                     3                                4




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     Direksi / Directors
     5. Rudi As Aturridha* _ Wakil Direktur Utama / Vice President Director
     6. Rizky Olyvia Nasution* _ Direktur Funding (Retail & Network) / Director of Funding (Retail & Network)
     7. Noer Fajrieansyah* _ Direktur Transformasi & Pengembangan Usaha /
        Director of Transformation & Business Development
     8. Henrisa Yunan Lubis* _ Direktur IT & Digital / Director of IT & Digital
     * Sedang dalam proses Fit & Proper Test OJK / Currently undergoing the Fit and Proper Test conducted by the Otoritas Jasa Keuangan.




                    5                                                6                         7                                           7




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Report of Directors and Board of Commissioners




Laporan Dewan Komisaris
Board of Commissioners' Report




                                                   Pemegang saham dan para pemangku
                                                 kepentingan lainnya yang kami hormati,
                                                        Puji dan syukur kami panjatkan ke
                                                       hadirat Tuhan Yang Maha Esa atas
                                                  rahmat dan karunia-Nya, sehingga Bank
                                                    Mandiri Taspen mampu melalui tahun
                                                    2025 dengan baik di tengah dinamika
                                                    perekonomian yang penuh tantangan.
                                                         Dear Shareholders and Stakeholders,
                                                           We express our highest gratitude to
                                                           Almighty God for His blessings and
                                                           grace, which enabled Bank Mandiri
                                                              Taspen to successfully navigate
                                                              the year 2025 amid challenging
                                                                          economic dynamics.




                                                                          Junaidi Hisom
                                                                           Komisaris Utama
                                                                               Independen
                                                                      Independent President
                                                                             Commissioner




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                                                                                                       PT Bank Mandiri Taspen




Dewan Komisaris menilai Direksi telah menjalankan strategi       The Board of Commissioners assesses that the Board of
secara efektif dalam menjaga kinerja, memperkuat manajemen       Directors has effectively implemented strategies to maintain
risiko, serta mendorong transformasi digital, yang didukung      performance, strengthen risk management, and drive digital
oleh berbagai inisiatif strategis, khususnya pada segmen         transformation, supported by various strategic initiatives,
pensiunan dan UMKM, serta peningkatan kualitas layanan           particularly in the pensioner and MSME segments, as well as
kepada nasabah.                                                  improvements in service quality for customers.


Pada kesempatan ini, Dewan Komisaris akan menyampaikan           On this occasion, the Board of Commissioners would like to
laporan pengawasan dan pemberian nasihat kepada Direksi          present its report on supervisory activities and the provision of
sepanjang tahun 2025. Dalam laporan ini akan kami sampaikan      advice to the Board of Directors throughout 2025. This report
antara lain penilaian kinerja Direksi, pandangan atas prospek    includes, among others, an assessment of the performance of
usaha yang disusun Direksi, pandangan atas penerapan tata        the Board of Directors, views on the business prospects prepared
kelola Bank, serta susunan dan perubahan komposisi anggota       by the Board of Directors, perspectives on the implementation of
Dewan Komisaris.                                                 the Bank’s governance, as well as the composition and changes
                                                                 in the membership of the Board of Commissioners.



Penilaian Kinerja Direksi                                        Assessment of The Board of Directors’
                                                                 Performance

Sepanjang tahun 2025, Dewan Komisaris secara aktif               Throughout 2025, the Board of Commissioners actively carried
menjalankan fungsi pengawasan dan pemberian nasihat              out its supervisory and advisory functions to ensure that the
kepada Direksi guna memastikan bahwa pengelolaan Bank            Bank was managed in a professional and prudent manner, in
telah dilakukan secara profesional, prudent, dan sejalan         line with Corporate Governance principles.
dengan prinsip Corporate Governance.


Frekuensi dan Cara Pemberian Nasihat                             Frequency and Methods of Providing
Kepada Direksi                                                   Advice to The Board of Directors

Dalam menjalankan fungsi pengawasan dan pemberian                In performing its supervisory and advisory functions, the Board
nasihat, Dewan Komisaris telah menjalankan tugas dan             of Commissioners carried out its duties and responsibilities
tanggung jawabnya sesuai dengan Anggaran Dasar dan               in accordance with the Articles of Association and prevailing
peraturan perundang-undangan yang berlaku. Pengawasan            laws and regulations. The supervision and provision of
dan pemberian nasihat kepada Direksi merupakan tanggung          advice to the Board of Directors constitute the responsibility
jawab Dewan Komisaris dalam rangka memastikan kinerja            of the Board of Commissioners in ensuring that the Board
Direksi mampu mencapai key performance indicator (KPI) yang      of Directors’ performance achieves the established Key
telah ditetapkan. Pengawasan dan pemberian nasihat kepada        Performance Indicators (KPIs). Such supervision and advisory
Direksi dilakukan melalui Rapat Gabungan Dewan Komisaris         activities were conducted through Joint Meetings of the Board
mengundang Direksi. Selain itu, pemberian nasihat juga           of Commissioners with the Board of Directors. In addition,
dapat dilaksanakan sewaktu-waktu sesuai keperluan dengan         advice may be provided at any time as deemed necessary
mengundang Dewan Komisaris melalui suatu forum rapat             through meetings or other forums attended by the Board of
maupun kegiatan lainnya yang dihadiri oleh Dewan Komisaris.      Commissioners. Throughout 2025, the Board of Commissioners
Selama tahun 2025, Dewan Komisaris telah melaksanakan 5          held 5 (five) Joint Meetings with the Board of Directors.
(lima) kali Rapat Gabungan dengan Direksi.


Dalam memberikan nasihat kepada Direksi, Dewan Komisaris         In providing advice, the Board of Commissioners delivered
memberikan arahan, masukan, dan rekomendasi strategis            directions, inputs, and strategic recommendations on
atas kinerja, kebijakan, serta rencana bisnis yang disampaikan   performance, policies, and business plans presented by the
oleh Direksi. Dewan Komisaris menerbitkan rekomendasi            Board of Directors. The Board of Commissioners also issued
kepada Direksi bila ada hal-hal yang perlu diingatkan agar       recommendations on matters requiring attention, particularly
Direksi berhati-hati mengambil keputusan yang mengandung         to ensure prudent decision-making on risk-related matters and
risiko dan berupaya memitigasi risiko yang mungkin terjadi.      to encourage effective risk mitigation. Each report received by
Setiap laporan yang diterima oleh Dewan Komisaris diberikan      the Board of Commissioners was followed up with comments
komentar dengan menerbitkan surat kepada Direksi.                through formal correspondence addressed to the Board of
Selama tahun 2025 Dewan Komisaris telah menyampaikan             Directors. Throughout 2025, the Board of Commissioners




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rekomendasi untuk ditindaklanjuti oleh Direksi sebanyak 19        issued 19 (nineteen) recommendations for follow-up by the
(sembilan belas) kali.                                            Board of Directors.


Pengawasan Dewan Komisaris dalam                                  Supervision of The Board of Commissioners
Perumusan dan Implementasi Strategi yang                          on The Formulation and Implementation of
Dilakukan oleh Direksi                                            Strategies by The Board of Directors

Dewan Komisaris juga melaksanakan tugas, kewajiban dan            The Board of Commissioners also carried out its duties,
tanggungjawabnya dalam rangka melakukan pengawasan                obligations, and responsibilities in supervising the formulation
terhadap perumusan strategi dan implementasi strategi Bank        and implementation of the Bank’s strategies in accordance
sesuai peraturan perundang-undangan yang berlaku dan              with prevailing laws and regulations and the Bank’s Articles of
Anggaran Dasar Bank. Pengawasan Dewan Komisaris dalam             Association. Such supervision was conducted actively and on
perumusan dan implementasi strategi yang dilakukan oleh           an ongoing basis to ensure that the Bank’s strategic direction
Direksi dilaksanakan secara aktif dan berkesinambungan untuk      remains aligned with its long-term interests. Supervision over
memastikan arah kebijakan Bank sejalan dengan kepentingan         strategy formulation was carried out through the review of
jangka panjang. Pengawasan terhadap perumusan strategi,           the Bank Business Plan (RBB) and the Annual Work Plan and
dilakukan dengan menelaah Rencana Strategis Bank (RBB)            Budget (RKAP) proposed by the Board of Directors, as well as
dan Rencana Kerja dan Anggaran Perusahaan (RKAP)                  by providing directions and recommendations to ensure that
Tahunan yang diajukan Direksi, serta memberikan arahan dan        the strategies have taken into account internal conditions,
rekomendasi guna memastikan strategi yang ditetapkan telah        external dynamics, and the principles of prudence and risk
mempertimbangkan kondisi internal, dinamika eksternal, serta      management.
prinsip kehati-hatian dan manajemen risiko.


Sedangkan pengawasan terhadap implementasi strategi               Meanwhile, supervision over strategy implementation was
Dewan Komisaris telah melakukan pengawasan secara                 conducted through periodic monitoring of the execution of
periodik atas pelaksanaan RBB dan RKAP yang telah                 the approved RBB and RKAP. The Board of Commissioners
ditetapkan. Dewan Komisaris melakukan pengawasan melalui          performed such supervision through regular evaluations of the
evaluasi berkala atas kinerja Direksi, termasuk pencapaian        Board of Directors’ performance, including the achievement of
target dan pelaksanaan program strategis. Proses ini dilakukan    targets and the execution of strategic programs. This process
melalui rapat rutin, rapat gabungan, serta pembahasan di          was conducted through regular meetings, joint meetings, and
tingkat komite untuk memastikan setiap inisiatif berjalan         committee-level discussions to ensure that each initiative
sesuai rencana dan ketentuan yang berlaku. Dewan Komisaris        was implemented in accordance with the established plans
juga memantau efektivitas penerapan manajemen risiko              and prevailing regulations. The Board of Commissioners also
dan pengendalian internal dalam mendukung implementasi            monitored the effectiveness of risk management and internal
strategi.                                                         control systems in supporting strategy implementation.


Selain itu, Dewan Komisaris memberikan arahan tindak              In addition, the Board of Commissioners provided directions
lanjut atas hasil pengawasan serta mendorong Direksi untuk        for follow-up actions based on the results of its supervision
melakukan penyesuaian strategi apabila terdapat perubahan         and encouraged the Board of Directors to adjust strategies in
kondisi usaha. Dengan pengawasan yang terstruktur dan             response to changes in business conditions. Through structured
intensif, Dewan Komisaris memastikan bahwa strategi yang          and intensive supervision, the Board of Commissioners ensured
dirumuskan dan dijalankan oleh Direksi dapat memberikan           that the strategies formulated and implemented by the Board
hasil yang optimal serta mendukung keberlanjutan kinerja          of Directors delivered optimal results and supported the Bank’s
Bank.                                                             sustainable performance.


Kondisi Perekonomian yang Secara                                  Economic Conditions Directly Impacting
Langsung Berdampak Terhadap Kinerja                               The Bank’s Performance
Bank

Ketidakpastian global masih tinggi seiring berlanjutnya           Global uncertainty remained elevated amid ongoing
ketegangan geopolitik, termasuk konflik Rusia–Ukraina dan         geopolitical tensions, including the Russia–Ukraine conflict
eskalasi di Timur Tengah, serta meningkatnya kebijakan            and escalation in the Middle East, as well as increasing
proteksionisme seperti penerapan tarif impor oleh Amerika         protectionist policies such as the implementation of import
Serikat pada tahun 2025. Kondisi ini menekan stabilitas ekonomi   tariffs by the United States in 2025. These conditions exerted
global melalui perlambatan perdagangan dan investasi.             pressure on global economic stability through slower trade




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Dampaknya, pertumbuhan ekonomi dunia menunjukkan tren             and investment growth. As a result, global economic growth
melambat, dari sekitar 3,3% pada 2024 menjadi 3,2% pada           showed a moderating trend, declining from approximately
2025, dan diprakirakan turun ke kisaran 3,1% pada 2026,           3.3% in 2024 to 3.2% in 2025, and is projected to ease further
sebagaimana dilaporkan oleh IMF. Hal ini mencerminkan             to around 3.1% in 2026, as reported by the IMF. This reflects
tekanan yang berlanjut akibat fragmentasi perdagangan dan         continued pressure arising from trade fragmentation and
dinamika geopolitik global.                                       global geopolitical dynamics.


Perekonomian Indonesia tetap menunjukkan tren positif di          Indonesia’s economy continued to demonstrate positive
tengah dinamika global, didukung oleh stabilitas makroekonomi,    performance amid global challenges, supported by
pemulihan pascapandemi, serta sinergi kebijakan fiskal dan        macroeconomic stability, post-pandemic recovery, and the
moneter yang menjaga inflasi dan stabilitas sistem keuangan       synergy of fiscal and monetary policies that maintained inflation
sekaligus mendorong permintaan domestik. Hal ini tercermin        and financial system stability while supporting domestic
dari pertumbuhan ekonomi yang mencapai 5,11% (yoy) pada           demand. This was reflected in economic growth of 5.11%
tahun 2025, meningkat dibandingkan 5,03% (yoy) pada               (yoy) in 2025, higher than 5.03% (yoy) in 2024, with fourth
tahun 2024, dengan pertumbuhan Triwulan IV 2025 sebesar           quarter 2025 growth reaching 5.39% (yoy), higher than the
5,39% (yoy), lebih tinggi dari Triwulan sebelumnya sebesar        previous quarter’s 5.04% (yoy), primarily driven by household
5,04% (yoy), yang terutama ditopang oleh konsumsi rumah           consumption and investment, along with improvements in
tangga dan investasi serta diikuti dengan perbaikan kualitas      employment quality.
ketenagakerjaan.


Dari sisi perbankan, stabilitas sistem keuangan tetap terjaga     From the banking sector perspective, financial system stability
dengan fungsi intermediasi yang terus meningkat, tercermin        remained well maintained, with strengthening intermediation
dari Indeks Stabilitas Keuangan (ISSK) yang berada di zona        functions as reflected in the Financial System Stability Index
normal sepanjang 2025 serta ketahanan perbankan yang              (ISSK), which remained within the normal range throughout
kuat dari sisi permodalan, risiko kredit, dan likuiditas. Rasio   2025, as well as strong banking resilience in terms of capital,
kecukupan modal (CAR) tercatat tinggi sebesar 25,89% pada         credit risk, and liquidity. The Capital Adequacy Ratio (CAR)
Desember 2025, sementara risiko kredit tetap terkendali           remained high at 25.89% as of December 2025, while credit
dengan NPL 2,05% (bruto) dan 0,79% (neto), serta likuiditas       risk was well managed with Non-Performing Loans (NPL)
yang memadai dengan rasio AL/DPK 28,57% dan LDR                   at 2.05% (gross) and 0.79% (net), and liquidity remained
85,35%. Sejalan dengan kondisi tersebut, pertumbuhan kredit       adequate with AL/DPK at 28.57% and LDR at 85.35%. In line
juga menunjukkan tren positif dengan kenaikan sebesar 9,69%       with these conditions, credit growth also showed a positive
(yoy) pada akhir 2025.                                            trend, increasing by 9.69% (yoy) by the end of 2025.


Kinerja Bank                                                      BANK PERFORMANCE


Di tengah kondisi perekonomian tersebut, Dewan Komisaris          Amid these economic conditions, the Board of Commissioners
berpandangan Direksi mampu menghadapi tantangan dan               views that the Board of Directors was able to navigate the
peluang yang terjadi dengan mencatatkan kinerja yang baik di      challenges and opportunities, as reflected in the Bank’s solid
tahun 2025. Dari sisi operasional, penyaluran kredit meningkat    performance in 2025. From an operational perspective, loan
menjadi Rp50,53 triliun atau tumbuh 9,23% dibandingkan            disbursement increased to IDR 50.53 trillion, or grew by 9.23%
tahun sebelumnya sebesar Rp46,26 triliun, sejalan dengan          compared to the previous year of IDR 46.26 trillion, in line with
peningkatan Dana Pihak Ketiga (DPK) yang mencapai Rp55,03         the growth in Third Party Funds (TPF), which reached IDR
triliun atau naik 12,71% dari Rp48,82 triliun.                    55.03 trillion or increased by 12.71% from IDR 48.82 trillion.


Kinerja keuangan Bank juga menunjukkan perbaikan yang             The Bank’s financial performance also showed solid
solid, tercermin dari total aset yang tumbuh 10,25% menjadi       improvement, as reflected in total assets which grew by
Rp73,02 triliun dari Rp66,23 triliun pada tahun 2024, serta       10.25% to IDR 73.02 trillion from IDR 66.23 trillion in 2024,
penguatan ekuitas sebesar 20,64% menjadi Rp9,39 triliun           as well as equity strengthening by 20.64% to IDR 9.39 trillion
dari Rp7,79 triliun. Dari sisi profitabilitas, pendapatan bunga   from IDR 7.79 trillion. In terms of profitability, net interest
neto meningkat 6,51% menjadi Rp3,66 triliun, yang turut           income increased by 6.51% to IDR 3.66 trillion, which also
mendorong kenaikan laba tahun berjalan menjadi Rp1,58             drove profit for the year to IDR 1.58 trillion, or grew by 0.22%
triliun atau tumbuh 0,22% dibandingkan tahun sebelumnya.          compared to the previous year.


Dari sisi transformasi digital, Bank Mandiri Taspen mencatat      In terms of digital transformation, Bank Mandiri Taspen
pencapaian penting melalui implementasi New Core Banking          recorded a significant milestone through the implementation of




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System (NCBS). Sistem ini telah diterapkan secara menyeluruh      the New Core Banking System (NCBS). This system has been
pada seluruh layanan, sehingga memperkuat kapabilitas digital     fully implemented across all services, thereby strengthening
Bank. Melalui NCBS, Bank mampu menghadirkan layanan yang          the Bank’s digital capabilities. Through NCBS, the Bank is
lebih cepat, efisien, andal, dan aman, sekaligus meningkatkan     able to deliver faster, more efficient, reliable, and secure
kualitas pengalaman nasabah dalam mengakses layanan               services, while enhancing customer experience in accessing
perbankan. Selain itu, implementasi ini turut mendukung           banking services. In addition, this implementation supports
optimalisasi infrastruktur teknologi informasi, memperkuat        the optimization of information technology infrastructure,
keamanan data, serta meningkatkan efisiensi operasional           strengthens data security, and improves overall operational
secara keseluruhan.                                               efficiency.


Selain kinerja operasional dan keuangan, tingkat kesehatan        In addition to operational and financial performance, the Bank’s
bank juga menjadi salah satu pertimbangan Dewan Komisaris         soundness level also became a key consideration for the Board
dalam melakukan penilaian atas kinerja Direksi. Tingkat           of Commissioners in assessing the performance of the Board
kesehatan Bank mencerminkan hasil penilaian kondisi Bank          of Directors. The Bank’s soundness level reflects the results
yang dilakukan terhadap risiko dan kinerja Bank yang dapat        of an assessment of the Bank’s condition based on risks and
dilihat dari peringkat akhir hasil penilaian berdasarkan          performance, as stipulated in Financial Services Authority
pada Peraturan Otoritas Jasa Keuangan No. POJK Nomor 4/           Regulation No. 4/POJK.03/2016 concerning the Assessment
POJK.03/2016 tentang Penilaian Tingkat Kesehatan Bank             of Commercial Bank Soundness Levels. As of December 31,
Umum. Peringkat komposit tingkat kesehatan Bank Mandiri           2025, Bank Mandiri Taspen’s composite soundness rating was
Taspen posisi 31 Desember 2025 berada pada komposit 1             at Composite 1 (one). Based on this assessment, Bank Mandiri
(satu). Analisis berdasarkan tabel di atas mencerminkan kondisi   Taspen is generally categorized as VERY SOUND, indicating
Bank Mandiri Taspen secara umum SANGAT SEHAT, sehingga            its ability to withstand significant adverse impacts from
dinilai mampu menghadapi pengaruh negatif yang signifikan         changes in business conditions and other external factors, as
dari perubahan kondisi bisnis dan faktor eksternal lainnya        reflected in the overall strong ratings across key assessment
tercermin dari peringkat faktor-faktor penilaian, antara lain     factors, including Risk Profile, Good Corporate Governance
Profil Risiko, penerapan GCG, Rentabilitas, dan Permodalan        (GCG) implementation, Earnings, and Capital. Any identified
yang secara umum baik. Apabila terdapat kelemahan, maka           weaknesses are generally minor and can be promptly
secara umum kelemahan tersebut kurang bersifat minor dan          addressed.
dapat segera diperbaiki.



Pandangan atas Prospek Usaha yang                                 Views on The Business Prospects
Disusun Direksi                                                   Prepared by The Board of Directors

Perekonomian global pada awal 2026 menghadapi tekanan             At the beginning of 2026, the global economy faced pressures
akibat konflik geopolitik di Timur Tengah yang mendorong          arising from geopolitical conflicts in the Middle East, which led
kenaikan harga minyak, meningkatkan inflasi, serta memicu         to rising oil prices, increased inflation, and heightened volatility
volatilitas pasar keuangan yang ditandai penguatan dolar          in financial markets, as reflected in the strengthening of the
AS, kenaikan yield US Treasury, dan arus keluar modal dari        US dollar, rising US Treasury yields, and capital outflows from
emerging markets. Dampak tersebut turut menekan nilai             emerging markets. These conditions also exerted pressure on
tukar, termasuk Rupiah yang pada 16 Maret 2026 melemah            exchange rates, including the Rupiah, which depreciated to
menjadi Rp16.985 per dolar AS atau turun 1,29% dibanding          IDR 16,985 per US dollar on March 16, 2026, or weakened
akhir Februari 2026. Di tengah tekanan tersebut, ekonomi          by 1.29% compared to the end of February 2026. Amid these
Indonesia tetap menunjukkan ketahanan dengan pertumbuhan          pressures, Indonesia’s economy continued to demonstrate
yang didorong permintaan domestik, serta prospek 2026 yang        resilience, supported by domestic demand, with economic
diprakirakan berada pada kisaran 4,9%–5,7%.                       growth in 2026 projected to range between 4.9%–5.7%.


Dari sisi industri perbankan, kinerja tetap solid dengan          From the banking industry perspective, performance remained
pertumbuhan kredit sebesar 9,37% (yoy) pada Februari 2026,        solid, with credit growth reaching 9.37% (yoy) as of February
didukung kredit investasi 20,72% (yoy), kredit modal kerja        2026, supported by investment loans at 20.72% (yoy), working
3,88% (yoy), dan kredit konsumsi 6,34% (yoy), sementara           capital loans at 3.88% (yoy), and consumer loans at 6.34%
pertumbuhan DPK mencapai 13,18% (yoy) dengan likuiditas           (yoy). Meanwhile, Third Party Funds grew by 13.18% (yoy),
yang memadai (AL/DPK 27,40%). Ketahanan perbankan juga            supported by adequate liquidity (AL/DPK at 27.40%). Banking
tercermin dari CAR yang tinggi sebesar 25,87% serta NPL           resilience was also reflected in a strong Capital Adequacy
yang terjaga pada 2,14% (bruto) dan 0,82% (neto). Di sisi         Ratio (CAR) of 25.87%, while Non-Performing Loans (NPL)




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sistem pembayaran, transaksi digital terus tumbuh kuat dengan         remained well maintained at 2.14% (gross) and 0.82% (net).
volume mencapai 4,67 miliar transaksi atau meningkat 40,35%           In the payment system, digital transactions continued to grow
(yoy), didukung perkembangan QRIS dan BI-FAST yang                    significantly, reaching a volume of 4.67 billion transactions or
mencatat 434 juta transaksi senilai Rp1.092 triliun, sementara        increasing by 40.35% (yoy), supported by the expansion of
transaksi BI-RTGS mencapai Rp16.105 triliun, mencerminkan             QRIS and BI-FAST, which recorded 434 million transactions
aktivitas ekonomi dan keuangan yang tetap terjaga.                    with a value of IDR 1,092 trillion, while BI-RTGS transactions
                                                                      reached IDR 16,105 trillion, reflecting sustained economic and
                                                                      financial activity.


Berdasarkan prediksi kondisi perekonomian dan industri                Based on the outlook for economic conditions and the banking
perbankan, Dewan Komisaris berpendapat bahwa prospek                  industry, the Board of Commissioners views that the business
usaha yang telah disusun oleh Direksi sudah tepat. Dewan              prospects prepared by the Board of Directors are appropriate.
Komisaris berkeyakinan bahwa Bank akan dapat memanfaatkan             The Board of Commissioners believes that the Bank will be
peluang yang ada di antaranya adalah Bank Mandiri Taspen              able to capitalize on existing opportunities, including strong
memiliki peluang pertumbuhan yang kuat melalui ekspansi               growth potential through expansion into the pension fund
ke segmen Dana Pensiun (Dapen) BUMN dan swasta serta                  (Dapen) segment of state-owned and private institutions, as
optimalisasi pasar kredit mikro, UMKM, prapensiun, dan                well as optimization of the still sizable microcredit, MSME,
pensiunan yang masih luas. Dari sisi pendanaan, potensi               pre-retirement, and pensioner markets. From a funding
segmen senior citizen turut mendukung penguatan funding               perspective, the senior citizen segment also provides potential
ritel, sementara karakteristik kredit pensiunan yang relatif stabil   to strengthen retail funding, while the relatively stable nature
menjadi keunggulan tersendiri. Selain itu, penguatan branding,        of pensioner loans remains a key advantage. In addition,
dukungan talenta milenial, serta pemanfaatan jaringan entitas         strengthened branding, support from millennial talent, and the
induk membuka peluang perluasan layanan. Adopsi teknologi             utilization of the parent entities’ network create opportunities
seperti AI, open banking, dan integrasi API juga mendorong            for service expansion. The adoption of technologies such as
efisiensi dan penguatan layanan digital Bank.                         artificial intelligence, open banking, and API integration further
                                                                      supports efficiency and enhances the Bank’s digital services.



Pandangan Atas Penerapan Tata Kelola                                  Views on The Implementation of Bank
Bank                                                                  Governance

Dewan Komisaris senantiasa memantau dan mengawasi                     The Board of Commissioners continuously monitored and
penerapan     prinsip-prinsip   Corporate  Governance     di          supervised the implementation of Corporate Governance
seluruh jenjang organisasi Bank Mandiri Taspen guna                   principles across all levels of Bank Mandiri Taspen’s
memastikan pengelolaan Bank berjalan sesuai prinsip                   organization to ensure that the Bank’s management was
Corporate Governance. Penerapan Corporate Governance                  conducted in accordance with Corporate Governance principles.
secara konsisten diyakini sebagai landasan utama dalam                The consistent implementation of Corporate Governance is
menciptakan tata kelola perusahaan yang sehat, transparan,            regarded as the primary foundation for establishing a sound,
dan berintegritas, sekaligus mengacu pada seluruh peraturan           transparent, and integrity-driven governance structure, while
perundang-undangan yang berlaku. Penerapan Corporate                  also complying with prevailing laws and regulations. The
Governance tersebut tidak hanya mendukung tercapainya                 implementation of Corporate Governance not only supports the
sasaran Bank melalui praktik usaha yang sehat, tetapi juga            achievement of the Bank’s objectives through sound business
mampu menciptakan nilai tambah bagi seluruh pemangku                  practices but also creates added value for all stakeholders
kepentingan serta memberikan manfaat nyata dalam menjaga              and contributes to maintaining the Bank’s performance
kinerja dan keberlanjutan Bank. Dewan Komisaris berpendapat           and sustainability. The Board of Commissioners views that
bahwa Direksi telah menerapkan GCG dengan efektif dan                 the Board of Directors has implemented Good Corporate
konsisten di 2025. Hal ini dapat terlihat pada komponen-              Governance (GCG) effectively and consistently in 2025, as
komponen sebagai berikut.                                             reflected in the following components.


Manajemen Risiko                                                      RISK MANAGEMENT


Penerapan manajemen risiko di Bank Mandiri Taspen                     Risk management at Bank Mandiri Taspen was implemented
dilaksanakan secara terintegrasi sesuai POJK No. 18/                  in an integrated manner in accordance with POJK No. 18/
POJK.03/2016 dan SEOJK No. 34/SEOJK.03/2016, dengan                   POJK.03/2016 and SEOJK No. 34/SEOJK.03/2016, with the
tujuan memastikan seluruh risiko yang timbul dari kegiatan            objective of ensuring that all risks arising from the Bank’s




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usaha bank dapat diidentifikasi, diukur, dipantau, dan             business activities are identified, measured, monitored, and
dikendalikan secara efektif serta mendukung pertumbuhan            controlled effectively, while supporting sustainable business
bisnis yang sehat dan berkelanjutan. Manajemen risiko              growth. Risk management was implemented through a
diterapkan melalui kerangka kerja yang komprehensif yang           comprehensive framework covering eight main types of risk,
mencakup delapan jenis risiko utama, yaitu risiko kredit,          namely credit, market, liquidity, operational, legal, reputational,
pasar, likuiditas, operasional, hukum, reputasi, stratejik, dan    strategic, and compliance risks. The management of these
kepatuhan. Pengelolaannya dilakukan secara berlapis melalui        risks was conducted through a layered approach based on the
three lines of defense, dengan unit bisnis sebagai lini pertama,   three lines of defense, with business units as the first line, risk
fungsi manajemen risiko dan kepatuhan sebagai lini kedua,          management and compliance functions as the second line, and
serta audit internal sebagai lini ketiga yang memberikan           internal audit as the third line providing independent assurance.
assurance independen.


Secara organisasi, penerapan manajemen risiko didukung             Organizationally, the implementation of risk management
oleh Satuan Kerja Manajemen Risiko serta komite-komite             was supported by the Risk Management Unit and relevant
terkait seperti Komite Manajemen Risiko, ALCO, dan Komite          committees, including the Risk Management Committee, Asset
Kebijakan Perkreditan. Bank juga secara rutin menyusun profil      Liability Committee (ALCO), and Credit Policy Committee.
risiko triwulanan serta penilaian Tingkat Kesehatan Bank           The Bank also regularly prepared quarterly risk profiles
(RBBR) setiap semester sebagai bentuk pelaporan kepada             and conducted Bank Soundness assessments (RBBR) on a
regulator. Proses manajemen risiko mencakup identifikasi risiko    semi-annual basis as part of its reporting to the regulator.
secara proaktif, pengukuran secara kualitatif dan kuantitatif,     The risk management process encompassed proactive risk
pemantauan berbasis limit, serta pengendalian risiko melalui       identification, qualitative and quantitative measurement, limit-
kebijakan, prosedur, dan sistem informasi manajemen risiko         based monitoring, and risk control through policies, procedures,
yang terintegrasi. Implementasinya didukung oleh sistem            and integrated risk management information systems. Its
informasi risiko, stress testing, serta berbagai alat monitoring   implementation was supported by risk information systems,
seperti RCSA, RTTA, dan dashboard risiko.                          stress testing, and various monitoring tools such as RCSA,
                                                                   RTTA, and risk dashboards.

Secara keseluruhan, hasil evaluasi menunjukkan bahwa               Overall, the evaluation results indicated that Bank Mandiri
profil risiko Bank Mandiri Taspen berada pada level yang           Taspen’s risk profile remained under control, with a composite
terkendali dengan peringkat komposit “2”, yang mencerminkan        rating of “2”, reflecting that risks were well managed and
bahwa risiko dapat dikelola dengan baik dan mendukung              supported the Bank’s business sustainability in a prudent
keberlanjutan bisnis bank secara prudent. Dewan Komisaris          manner. The Board of Commissioners and the Board of
dan Direksi bertanggung jawab atas penerapan manajemen             Directors are responsible for the implementation of risk
risiko di Bank Mandiri Taspen. Pengawasan Aktif Dewan              management at Bank Mandiri Taspen. The active supervision
Komisaris Bank Mandiri Taspen tercermin dari persetujuan atas      of the Board of Commissioners was reflected in the approval of
Kebijakan Manajemen Risiko yang disusun oleh Direksi, serta        Risk Management Policies prepared by the Board of Directors,
evaluasi pelaksanaan kebijakan manajemen risiko melalui            as well as in the evaluation of their implementation through
forum rapat Direksi dan Komisaris secara berkala, dalam            regular meetings of the Board of Directors and the Board of
pelaksanaannya pengawasan aktif Dewan Komisaris didukung           Commissioners. In carrying out its supervisory role, the Board
oleh Komite Pemantau Risiko. Berdasarkan hasil evaluasi atas       of Commissioners was supported by the Risk Monitoring
sistem manajemen risiko pada tahun 2025, Dewan Komisaris           Committee. Based on the evaluation of the risk management
menilai bahwa kecukupan sistem manajemen risiko telah              system in 2025, the Board of Commissioners assessed that the
berjalan memadai.                                                  adequacy of the risk management system was satisfactory.


Sistem Pengendalian Internal                                       Internal Control System

Sistem Pengendalian Internal Bank Mandiri Taspen mengacu           The Internal Control System of Bank Mandiri Taspen refers
pada SEOJK No. 35/SEOJK.03/2017 dan diimplementasikan              to SEOJK No. 35/SEOJK.03/2017 and was implemented
secara menyeluruh untuk memastikan kepatuhan terhadap              comprehensively to ensure compliance with regulations,
ketentuan, keandalan pelaporan keuangan, efektivitas dan           reliability of financial reporting, effectiveness and efficiency
efisiensi operasional, serta penguatan budaya risiko di seluruh    of operations, and the strengthening of risk culture across the
organisasi. Sistem Pengendalian Internal Bank Mandiri              organization. The Internal Control System was established
Taspen disusun berdasarkan tiga pilar kebijakan utama, yaitu       based on three main policy pillars, namely the Internal Audit
Kebijakan Internal Audit, Kebijakan Kepatuhan dan Hukum,           Policy, Compliance and Legal Policy, and Risk Management
serta Kebijakan Manajemen Risiko. Ketiganya menjadi fondasi        Policy. These pillars serve as the foundation for ensuring




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                                                                                                           PT Bank Mandiri Taspen




dalam memastikan penerapan tata kelola yang baik, kepatuhan         sound governance implementation, regulatory compliance, and
terhadap regulasi, serta pengelolaan risiko yang efektif di         effective risk management across all Bank activities.
seluruh aktivitas bank.


Implementasi Sistem Pengendalian Internal dijalankan melalui        The implementation of the Internal Control System follows
lima komponen utama sesuai kerangka COSO, yakni lingkungan          five key components in accordance with the COSO framework,
pengendalian, penilaian risiko, aktivitas pengendalian, informasi   namely control environment, risk assessment, control activities,
dan komunikasi, serta aktivitas pemantauan. Pengendalian            information and communication, and monitoring activities.
ini diperkuat dengan pendekatan three lines of defense yang         This system was further strengthened by the three lines of
melibatkan unit bisnis sebagai lini pertama, fungsi manajemen       defense approach, involving business units as the first line, risk
risiko dan kepatuhan sebagai lini kedua, serta audit internal       management and compliance functions as the second line, and
sebagai lini ketiga yang memberikan assurance independen.           internal audit as the third line providing independent assurance.


Selain itu, Bank juga menerapkan pengendalian pada aspek            In addition, the Bank implemented controls over information
sistem informasi, aset fisik, pemisahan fungsi (four-eyes           systems, physical assets, segregation of duties (four-eyes
principle), serta dokumentasi yang memadai untuk memastikan         principle), and adequate documentation to ensure transparency
transparansi dan akuntabilitas proses operasional. Pengawasan       and accountability in operational processes. Supervision
dilakukan secara berjenjang oleh Direksi dan Dewan Komisaris        was carried out in stages by the Board of Directors and the
melalui review berkala, serta didukung evaluasi internal            Board of Commissioners through periodic reviews, supported
audit dan pengawasan eksternal dari regulator dan auditor           by internal audit evaluations and external oversight from
independen. Dalam aspek pelaporan keuangan, Bank juga               regulators and independent auditors. In terms of financial
telah mengimplementasikan Internal Control over Financial           reporting, the Bank has also implemented Internal Control
Reporting (ICOFR) untuk memastikan integritas dan keandalan         over Financial Reporting (ICoFR) to ensure the integrity and
laporan keuangan sesuai standar akuntansi yang berlaku.             reliability of financial statements in accordance with applicable
                                                                    accounting standards.

Secara keseluruhan, Sistem Pengendalian Internal Bank Mandiri       Overall, the Internal Control System of Bank Mandiri Taspen
Taspen telah berjalan secara komprehensif, terintegrasi, dan        has been implemented in a comprehensive, integrated, and
berkesinambungan untuk mendukung terciptanya tata kelola            continuous manner to support sound governance, effective
yang sehat, mitigasi risiko yang efektif, serta keberlanjutan       risk mitigation, and sustainable business performance. In
kinerja bank. Dalam pengawasan terhadap penerapan sistem            supervising the implementation of the internal control system,
pengendalian internal, Direksi dan Dewan Komisaris dibantu          the Board of Directors and the Board of Commissioners
oleh Internal Audit yang merupakan Satuan Kerja dalam               were supported by the Internal Audit function and the
organisasi dan Komite Audit. Dalam menjalankan tugasnya,            Audit Committee. In carrying out its duties, Internal Audit
Internal Audit berkomunikasi langsung dengan Dewan                  communicated directly with the Board of Commissioners
Komisaris melalui Komite Audit untuk menginformasikan               through the Audit Committee to report matters related to
berbagai hal yang berhubungan dengan Aktivitas Internal             internal audit activities. The Board of Directors and the Board
Audit. Direksi dan Dewan Komisaris berpandangan bahwa               of Commissioners viewed that the implementation of the
penerapan sistem pengendalian internal selama tahun 2025            internal control system throughout 2025 has been effective.
sudah berjalan dengan baik.


Whistleblowing System                                               Whistleblowing System

Penyelesaian pengaduan pelanggaran oleh Bank merupakan              The handling of violation reports by the Bank represents one
salah satu bentuk peningkatan perlindungan stakeholders             of the efforts to enhance stakeholder protection, ensuring their
dalam rangka menjamin hak-haknya dalam berhubungan                  rights in their interactions with the Bank, as well as ensuring
dengan Bank dan menjamin penanganan yang memenuhi                   that complaint handling complies with the provisions and
ketentuan dan persyaratan yang ditetapkan oleh Bank,                requirements set by the Bank, the Government, and relevant
Pemerintah dan Aparat Berwajib. Untuk itu maka perlu                authorities. Accordingly, policies, systems, and procedures
dirumuskan kebijakan, sistem dan prosedur penanganan yang           have been established to regulate the resolution of violation
selaras untuk mengatur penyelesaian pengaduan pelanggaran           reports through a structured Whistleblowing Management
bagi stakeholders dalam suatu Kebijakan Pengelolaan                 Policy. In implementing the Anti-Fraud Strategy, the Internal
Pengaduan Pelanggaran. Dalam rangka penerapan Strategi              Audit Division has been designated as the coordinating unit
Anti Fraud, Divisi Internal Audit ditunjuk sebagai unit kerja       responsible for the implementation and execution of the Anti-
koordinator penerapan dan pelaksanaan Strategi Anti Fraud di        Fraud Strategy at Bank Mandiri Taspen.
Bank Mandiri Taspen.




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Untuk pengelolaan sarana pengaduan, Bank Mandiri Taspen         To manage reporting channels, Bank Mandiri Taspen has
telah mengimplementasikan Whistleblowing System (WBS)           implemented a Whistleblowing System (WBS) in collaboration
dengan menggunakan jasa provider eksternal (independen)         with an independent external provider, coordinated with
yang berkoordinasi dengan pengelola internal WBS-LTC, hal       the internal WBS-LTC management. This initiative aims to
ini bertujuan sebagai upaya deteksi fraud dan pencegahan        enhance fraud detection and prevention, create a deterrent
fraud melalui efek gentar calon fraudster serta memberikan      effect for potential fraud perpetrators, and provide a secure and
rasa aman dan nyaman bagi pelapor serta untuk meningkatkan      comfortable reporting mechanism for whistleblowers, while
efektivitas penerapan syitem pengendalian fraud dengan          improving the effectiveness of fraud control systems with a
menitikberatkan pada pengungkapan dari pengaduan.               focus on disclosure through reporting.


Atas setiap Laporan WBS yang masuk, Bank berkewajiban           For every WBS report received, the Bank is committed to
untuk melindungi pelapor dan terlapor. Perlindungan pelapor     protecting both the whistleblower and the reported party.
memiliki manfaat atas kepastian perlakuan terhadap pelapor      Protection of whistleblowers ensures certainty of treatment
dan atas kerahasiaan pelapor sehingga mendorong keberanian      and confidentiality, thereby encouraging the reporting of
untuk melaporkan pelanggaran. Semua laporan pelanggaran         violations. All reports are guaranteed confidentiality and
akan dijamin kerahasiaan dan keamanannya oleh Bank dan          security, and whistleblowers are entitled to obtain information
pelapor dijamin haknya untuk memperoleh informasi mengenai      regarding the follow-up of their reports.
tindak lanjut atas laporannya.


Setiap pengaduan pelanggaran yang masuk akan dikelola           All reported violations are managed by the Internal Audit
oleh Divisi Internal Audit, selanjutnya Divisi Internal Audit   Division, which conducts investigations on the reports received.
akan melakukan investigasi atas laporan yang diterima.          In performing its duties, the Internal Audit Division upholds
Divisi Internal Audit harus bersifat Netral, Indepedency, dan   neutrality, independence, and professionalism, and applies the
Profesionalisme dalam menerima pengaduan pelanggaran            principle of presumption of innocence, whereby an individual
dengan menggunakan asas Praduga Tak Bersalah atau               is considered not guilty until proven otherwise. The Board of
"Presumption of Innocence" yaitu asas dimana seseorang          Commissioners, through the Audit Committee, reviews the
dinyatakan tidak bersalah hingga dinyatakan bersalah.           implementation of the Internal Audit Division’s responsibilities
Dewan Komisaris melalui Komite Audit berperan dalam me-         in relation to the WBS. The Internal Audit Division is
review pelaksanaan tanggung jawab Divisi Internal Audit         responsible for evaluating and reporting follow-up actions,
terkait dengan penerapan WBS. Divisi Internal Audit memiliki    conducting investigations, and preparing investigation reports.
tanggung jawab mengevaluasi dan menyampaikan hasil tindak       The Board of Commissioners views that the implementation
lanjut laporan pengaduan, melakukan proses investigasi          of the WBS has been effective. Nevertheless, the Board of
serta membuat laporan hasil investigasi. Dewan Komisaris        Commissioners has provided direction for further enhancement
berpandangan bahwa penerapan WBS di Bank telah berjalan         of its effectiveness going forward.
dengan baik. Namun demikian, Dewan Komisaris memberikan
arahan agar ke depannya penerapan WBS lebih ditingkatkan
lagi efektivitasnya.


Tata Kelola Keberlanjutan                                       Sustainability Governance

Bank Mandiri Taspen berkomitmen untuk mendukung                 Bank Mandiri Taspen is committed to supporting the
penerapan keuangan berkelanjutan yang merupakan                 implementation of sustainable finance as part of the realization
implementasi atas visi dan misi Bank. Dalam hal ini, Bank       of the Bank’s vision and mission. In this regard, the Bank
Mandiri Taspen mengedepankan prinsip triple bottom line         prioritizes the triple bottom line principles (economic, social,
(ekonomi, sosial dan lingkungan) dengan menyelaraskan aspek     and environmental) by aligning Environmental, Social,
Lingkungan, Sosial dan Tata Kelola (LST) dalam kegiatan         and Governance (ESG) aspects in its business activities.
usaha Bank. Oleh karenanya, Bank Mandiri Taspen diharuskan      Accordingly, Bank Mandiri Taspen ensures that financing is
untuk menyalurkan pembiayaan pada nasabah dengan                directed to customers while avoiding business activities that
menghindarkan pada kegiatan usaha yang dapat merusak            may harm the environment.
lingkungan hidup.




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Bank telah berkomitmen dalam mendukung penerapan                  The Bank has consistently demonstrated its commitment
keuangan berkelanjutan pada setiap aktivitas bisnisnya,           to sustainable finance across all business activities by
dengan mengembangkan praktik manajemen risiko, serta              strengthening risk management practices and optimizing
berupaya secara maksimal dalam implementasi prinsip               the implementation of the 3P principles. This commitment is
3P. Komitmen tersebut diwujudkan dengan menyusun dan              realized through the preparation and implementation of the
menerapkan Rencana Aksi Keuangan Berkelanjutan (RAKB)             Sustainable Finance Action Plan (RAKB), which has been
yang disetujui oleh Dewan Komisaris. Implementasi RAKB            approved by the Board of Commissioners. The implementation
sekaligus merupakan bentuk partisipasi aktif Bank Mandiri         of the RAKB also reflects the Bank’s active participation in
Taspen dalam upaya mengantisipasi perubahan iklim.                addressing climate change.


Tata Kelola Terintegrasi                                          Integrated Governance

Sesuai dengan POJK No. 18/POJK.03/2014 dan SEOJK No.              In accordance with POJK No. 18/POJK.03/2014 and SEOJK No.
15/SEOJK.03/2015, Bank Mandiri sebagai Entitas Utama              15/SEOJK.03/2015, Bank Mandiri, as the Main Entity within
dalam konglomerasi keuangan telah menerapkan Tata                 the financial conglomeration, has implemented Integrated
Kelola Terintegrasi (TKT) secara menyeluruh yang mencakup         Governance (Tata Kelola Terintegrasi/TKT) comprehensively,
pengaturan struktur, fungsi, dan tanggung jawab Direksi dan       covering the structure, functions, and responsibilities of the
Dewan Komisaris Entitas Utama, komite-komite terintegrasi,        Board of Directors and Board of Commissioners of the Main
fungsi kepatuhan dan audit intern terintegrasi, serta penerapan   Entity, integrated committees, integrated compliance and
manajemen risiko terintegrasi.                                    internal audit functions, as well as integrated risk management
                                                                  implementation.


Dalam implementasinya, TKT tetap menegaskan bahwa setiap          In its implementation, Integrated Governance emphasizes
Perusahaan Anak, termasuk Bank Mandiri Taspen, merupakan          that each Subsidiary, including Bank Mandiri Taspen, remains
entitas hukum yang independen dan dikelola secara profesional     an independent legal entity managed professionally without
tanpa intervensi operasional dari Entitas Utama, namun tetap      operational intervention from the Main Entity, while remaining
selaras dalam kerangka grup. Seluruh perusahaan dalam             aligned within the group framework. All entities within the
konglomerasi wajib menerapkan prinsip-prinsip tata kelola         conglomeration are required to implement good governance
yang baik, yaitu transparansi, akuntabilitas, tanggung jawab,     principles, namely transparency, accountability, responsibility,
independensi, serta kewajaran.                                    independence, and fairness.


Sebagai bagian dari konglomerasi keuangan, Bank Mandiri           As part of the financial conglomeration, Bank Mandiri Taspen
Taspen telah memiliki kerangka tata kelola perusahaan yang        has established a governance framework that refers to
mengacu pada Pedoman Tata Kelola Terintegrasi, sehingga           the Integrated Governance Guidelines, ensuring that the
penerapan GCG di tingkat bank anak tetap selaras, konsisten,      implementation of Good Corporate Governance (GCG) at the
dan mendukung penguatan tata kelola secara grup yang              subsidiary level remains aligned, consistent, and supportive of
berkesinambungan.                                                 sustainable governance strengthening at the group level.



Penilaian Kinerja Komite-Komite di                                Performance Assessment of
Bawah Dewan Komisaris                                             Committees Under The Board of
                                                                  Commissioners

Dalam rangka meningkatkan peran Dewan Komisaris dalam             To enhance the role of the Board of Commissioners in performing
menjalankan fungsi pengawasan, Dewan Komisaris telah              its supervisory function, the Board of Commissioners has
membentuk 3 (tiga) komite yaitu:                                  established 3 (three) committees, namely:
1. Komite Audit                                                   1. Audit Committee
2. Komite Remunerasi dan Nominasi                                 2. Remuneration and Nomination Committee
3. Komite Pemantau Risiko                                         3. Risk Monitoring Committee


Dewan Komisaris secara periodik (tahunan) melakukan               The Board of Commissioners conducts periodic (annual)
penilaian atas efektivitas kinerja komite-komite di bawah         assessments of the effectiveness of the committees under its
Dewan Komisaris. Masing-masing komite dinilai berdasarkan         supervision. Each committee is evaluated based on its work plan
rencana kerja serta Piagam dari masing-masing Komite              and charter, with assessment indicators including the number
dengan indikator penilaian mencakup jumlah pelaksanaan            of meetings held, attendance rates, matters discussed during




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rapat, kehadiran rapat, materi-materi yang dibahas dalam           meetings, visits to regional offices, and other assignments
rapat, kunjungan ke kantor wilayah serta penugasan lainnya         delegated by the Board of Commissioners. The Board of
oleh Dewan Komisaris. Dewan Komisaris menilai bahwa                Commissioners views that throughout 2025, the committees
selama tahun 2025 komite-komite telah menjalankan tugas            performed their duties and responsibilities effectively and in
dan tanggung jawabnya dengan baik dan telah sesuai dengan          accordance with prevailing regulations.
ketentuan yang berlaku.



Perubahan Komposisi Dewan Komisaris                                Changes in The Composition of
                                                                   The Members of The Board of
                                                                   Commissioners

Selama tahun 2025, Komposisi anggota Dewan Komisaris               Throughout 2025, the composition of the Board of
Bank Mandiri Taspen mengalami perubahan sesuai dengan              Commissioners of Bank Mandiri Taspen underwent changes in
kebutuhan Bank sebagaimana dijelaskan berikut.                     accordance with the Bank’s needs, as described below:


KOMPOSISI DEWAN KOMISARIS SEBELUM RUPS LUAR                        COMPOSITION OF THE BOARD OF COMMISSIONERS
BIASA TANGGAL 25 SEPTEMBER 2025                                    BEFORE THE EGMS AS OF SEPTEMBER 25, 2025
Komposisi Dewan Komisaris sebelum RUPS Luar Biasa tanggal          Prior to the Extraordinary General Meeting of Shareholders
25 September 2025 sebanyak 4 (empat) orang yang terdiri            (EGMS) on September 25, 2025, the Board of Commissioners
dari 1 (satu) orang Komisaris Utama, 2 (dua) orang Komisaris       consisted of 4 (four) members, comprising 1 (one) President
Independen dan 1 (satu) orang Komisaris sebagai berikut:           Commissioner, 2 (two) Independent Commissioners, and 1
                                                                   (one) Commissioner, as follows:

Mustaslimah                       : Komisaris Utama                Mustaslimah                   : President Commissioner

Hendrika Nora Osloi Sinaga        : Komisaris                      Hendrika Nora Osloi Sinaga : Commissioner

Suhajar Diantoro                  : Komisaris                      Suhajar Diantoro              : Commissioner

Boedi Armanto                     : Komisaris Independen           Boedi Armanto                 : Independent Commissioner



KOMPOSISI DEWAN KOMISARIS SETELAH RUPS LUAR                        COMPOSITION OF THE BOARD OF COMMISSIONERS
BIASA TANGGAL 25 SEPTEMBER 2025                                    AFTER THE EGMS AS OF SEPTEMBER 25, 2025
Pada tanggal 25 September 2025 RUPS Luar Biasa                     On September 25, 2025, the EGMS resolved to approve the
memutuskan menyetujui pemberhentian dengan hormat                  honorable dismissal of Hendrika Nora Osloi Sinaga from her
Hendrika Nora Osloi Sinaga dari jabatannya sebagai Komisaris.      position as Commissioner. Accordingly, the composition of
Dengan demikian, komposisi Dewan Komisaris setelah RUPS            the Board of Commissioners after the EGMS on September
Luar Biasa tanggal 25 September 2025 sebanyak 3 (tiga)             25, 2025 consisted of 3 (three) members, comprising 1 (one)
orang yang terdiri dari 1 (satu) orang Komisaris Utama, 1 (satu)   President Commissioner, 1 (one) Independent Commissioner,
orang Komisaris Independen dan 1 (satu) orang Komisaris            and 1 (one) Commissioner, as follows:
sebagai berikut:


Mustaslimah             : Komisaris Utama                          Mustaslimah           : President Commissioner

Suhajar Diantoro        : Komisaris                                Suhajar Diantoro      : Commissioner

Boedi Armanto           : Komisaris Independen                     Boedi Armanto         : Independent Commissioner


KOMPOSISI DEWAN KOMISARIS SETELAH RUPS LUAR                        COMPOSITION OF THE BOARD OF COMMISSIONERS
BIASA TANGGAL 4 DESEMBER 2025                                      AFTER THE EGMS AS OF DECEMBER 4, 2025
Pada tanggal 4 Desember 2025 RUPS Luar Biasa memutuskan:           On December 4, 2025, the EGMS resolved:
1. Menyetujui pemberhentian dengan hormat Mustaslimah              1. Approving the honorable dismissal of Mustaslimah as
   sebagai Komisaris Utama.                                           President Commissioner;




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                                                                                                                       PT Bank Mandiri Taspen




2. Menyetujui pengangkatan Junaidi Hisom sebagai Komisaris               2. Approving the appointment of Junaidi Hisom as President
   Utama merangkap Komisaris Independen, Prasetio                           Commissioner concurrently serving as Independent
   sebagai Komisaris Independen, Marjana sebagai Komisaris                  Commissioner, Prasetio as Independent Commissioner,
   Independen, Suwartini sebagai Komisaris Independen, dan                  Marjana as Independent Commissioner, Suwartini as
   Edi Eko Cahyono sebagai Komisaris.                                       Independent Commissioner, and Edi Eko Cahyono as
                                                                            Commissioner.

Dengan demikian, komposisi Dewan Komisaris setelah RUPS                  Accordingly, the composition of the Board of Commissioners
Luar Biasa tanggal 4 Desember 2025 sebanyak 7 (tujuh) orang              after the EGMS on December 4, 2025 consisted of 7 (seven)
yang terdiri dari 1 (satu) orang Komisaris Utama merangkap               members, comprising 1 (one) President Commissioner
Komisaris Independen, 4 (empat) orang Komisaris Independen               concurrently serving as Independent Commissioner, 4 (four)
dan 2 (dua) orang Komisaris sebagai berikut:                             Independent Commissioners, and 2 (two) Commissioners, as
                                                                         follows:

Junaidi Hisom           : Komisaris Utama Independen                     Junaidi Hisom           : Independent President Commissioner

Suhajar Diantoro*       : Komisaris                                      Suhajar Diantoro* : Commissioner

Boedi Armanto           : Komisaris Independen                           Boedi Armanto           : Independent Commissioner

Prasetio                : Komisaris Independen                           Prasetio                : Independent Commissioner

Marjana*                : Komisaris Independen                           Marjana*                : Independent Commissioner

Suwartini               : Komisaris Independen                           Suwartini               : Independent Commissioner

Edi Eko Cahyono*        : Komisaris                                      Edi Eko Cahyono* : Commissioner

* Telah diangkat berdasarkan keputusan sirkuler Pemegang Saham tanggal   * Appointed based on the Circular Resolution of the Shareholders dated
  04 Desember 2025 dan masih dalam proses Penilaian Kemampuan &            December 4, 2025 and is currently in the process of the Fit and Proper Test
  Kepatutan oleh Otoritas Jasa Keuangan.                                   conducted by Otoritas Jasa Keuangan.




Penutup                                                                  Closing

Dewan Komisaris menyampaikan apresiasi kepada Direksi dan                The Board of Commissioners extends its appreciation to the
seluruh insan Bank Mandiri Taspen atas dedikasi dan kerja                Board of Directors and all employees of Bank Mandiri Taspen
keras yang telah ditunjukkan sepanjang tahun 2025. Ucapan                for their dedication and hard work throughout 2025. We also
terima kasih kami sampaikan kepada para pemegang saham,                  express our gratitude to shareholders, customers, business
nasabah, mitra kerja, serta seluruh pemangku kepentingan                 partners, and all stakeholders for their continued trust and
atas kepercayaan dan dukungan yang terus diberikan kepada                support. We remain optimistic that through strong synergy
Bank. Kami optimis bahwa dengan sinergi yang kuat antara                 between the Board of Commissioners, the Board of Directors,
Dewan Komisaris, Direksi, dan seluruh pemangku kepentingan,              and all stakeholders, Bank Mandiri Taspen will be able to
Bank Mandiri Taspen akan mampu menghadapi tantangan dan                  navigate future challenges and seize opportunities ahead.
memanfaatkan peluang yang ada di masa mendatang.



                                            Jakarta, 29 April 2026 / Jakarta, April 29, 2026
                                 Atas Nama Dewan Komisaris / On behalf of the Board of Commissioners




                                                                Junaidi Hisom
                                                         Komisaris Utama Independen
                                                     Independent President Commissioner




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     Dewan Komisaris / Board of Commissioners
     1.    Marjana* _ Komisaris Independen / Independent Commissioner
     2.    Prasetio _ Komisaris Independen / Independent Commissioner
     3.    Suhajar Diantoro* _ Komisaris / Commissioner
     4.    Junaidi Hisom _ Komisaris Utama Independen / Independent President Commissioner

     * Sedang dalam proses Fit & Proper Test OJK / Currently undergoing the Fit and Proper Test conducted by the Otoritas Jasa Keuangan.




                  1                                      2                                     3                                4




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                                                                                                                                      PT Bank Mandiri Taspen




     Dewan Komisaris / Board of Commissioners
     5. Edi Eko Cahyono* _ Komisaris / Independent Commissioner
     6. Suwartini _ Komisaris Independen / Independent Commissioner
     7. Boedi Armanto _ Komisaris Independen / Independent Commissioner


     * Sedang dalam proses Fit & Proper Test OJK / Currently undergoing the Fit and Proper Test conducted by the Otoritas Jasa Keuangan.




                    5                                6                                   7




2025 Annual Report                                                                                                                                  79
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Report of Directors and Board of Commissioners




Surat Pernyataan
Anggota Direksi dan Anggota Dewan Komisaris
tentang Tanggung Jawab Atas Laporan Tahunan Tahun 2025
PT Bank Mandiri Taspen



    Kami yang bertanda tangan di bawah ini menyatakan bahwa semua informasi dalam Laporan Tahunan PT Bank Mandiri Taspen
    tahun 2025 telah dimuat secara lengkap dan bertanggung jawab penuh atas kebenaran isi Laporan Tahunan perusahaan.


    Demikian pernyataan ini dibuat dengan sebenarnya.



    Jakarta, 29 April 2026




                                                                              DIREKSI
                                                                              Directors




                               Panji Irawan                                                                    Rudi As Aturridha*
                               Direktur Utama                                                                   Wakil Direktur Utama
                              President Director                                                                Vice President Director




                  Rio Lanasier                                    Henrisa Yunan Lubis*                                            Rima Cahyani
 Direktur Compliance & Human Resource                                 Direktur IT & Digital                                 Direktur Keuangan & Risk
Director of Compliance & Human Resources                             Director of IT & Digital                               Director of Finance & Risk




         Mahrauza Purnaditya*                                    Rizky Olyvia Nasution*                                      Noer Fajrieansyah*
                 Direktur Bisnis                            Direktur Funding (Retail & Network)                              Direktur Transformasi
              Director of Business                         Director of Funding (Retail & Network)                           & Pengembangan Usaha
                                                                                                                           Director of Transformation
                                                                                                                           & Business Development

* Telah diangkat berdasarkan keputusan sirkuler Pemegang Saham tanggal 04 Desember 2025 dan masih dalam proses Penilaian Kemampuan & Kepatutan oleh Otoritas Jasa
  Keuangan / Appointed based on the Circular Resolution of the Shareholders dated December 4, 2025 and is currently in the process of the Fit and Proper Test conducted by
  Otoritas Jasa Keuangan.




       80                                                                                                                                      Laporan Tahunan 2025
Page 81
                                                                                                                                         PT Bank Mandiri Taspen




Statement Letter
Members of Directors and Members of the Board of Commissioners
about Responsibility for Annual Report 2025
PT Bank Mandiri Taspen



    We, the undersigned, declare that all information in the Annual Report of PT Bank Mandiri Taspen 2025 has been published
    in its entirety and we are fully responsible for the correctness of the contents of the company's Annual Report.


    This statement was made with actual.



    Jakarta, April 29, 2026




                                                                   DEWAN KOMISARIS
                                                                  Board of Commissioners




                                                                         Junaidi Hisom
                                                               Komisaris Utama Independen
                                                           Independent President Commissioner




               Boedi Armanto                                         Suhajar Diantoro*                                                Prasetio
            Komisaris Independen                                             Komisaris                                        Komisaris Independen
         Independent Commissioner                                          Commissioner                                    Independent Commissioner




                    Marjana*                                                Suwartini                                         Edi Eko Cahyono*
            Komisaris Independen                                     Komisaris Independen                                             Komisaris
         Independent Commissioner                                 Independent Commissioner                                          Commissioner




* Telah diangkat berdasarkan keputusan sirkuler Pemegang Saham tanggal 04 Desember 2025 dan masih dalam proses Penilaian Kemampuan & Kepatutan oleh Otoritas Jasa
  Keuangan / Appointed based on the Circular Resolution of the Shareholders dated December 4, 2025 and is currently in the process of the Fit and Proper Test conducted by
  Otoritas Jasa Keuangan.




2025 Annual Report                                                                                                                                            81
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 Profil
 Perusahaan




82            Laporan Tahunan 2025
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                     Company Profile




2025 Annual Report                     83
Page 84
Profil Perusahaan
Company Profile




Identitas Perusahaan
Company Identity




                                                                    PT Bank Mandiri Taspen

            Nama Panggilan                                    Dasar Hukum Pendirian
            Company Identity                                  Legal Basis of Establishment

            Bank Mandiri Taspen                               Didirikan berdasarkan Akta No. 4 tanggal
                                                              3 November 1992 dihadapan Notaris Ida Bagus Alit
                                                              Sudiatmika, SH, dan telah memperoleh keputusan
            Bidang Usaha                                      Menteri Kehakiman Republik Indonesia tanggal
            Line of Business                                  2 Juni 1993 No. C2-4581 HT.01.01.TH93
            Perbankan / Banking                               Established pursuant to Deed No. 4 dated November
                                                              3, 1992 made before Notary Ida Bagus Alit
            Tanggal Pendirian                                 Sudiatmika, SH and has obtained approval of the
            Date of Estabilishment                            Minister of Justice of the Republik Indonesia dated
            3 November 1992 / November 3, 1992                June 2, 1993 No. C2-4581 HT.01.01.TH93


            Jumlah Pegawai                                    Pencatatan di Bursa Efek Indonesia
            Number of Employees                               Listing on the Indonesia Stock Exchange
                    orang per 31 Desember 2025 /              Perusahaan Tercatat di Bursa Efek Indonesia
            3,544 people as of December 31, 2025              dengan menerbitkan obligasi.
                                                              Listed Company on the Indonesia Stock Exchange
            Modal Dasar                                       by issuing bonds.
            Authorized Capital
            Rp
              819,650,816,000                                 Kepemilikan
                                                              Ownership
            Modal Ditempatkan dan Disetor Penuh                  PT Bank Mandiri (Persero) Tbk51.098%
            Issued and Paid-Up Capital
                                                                 PT Taspen (Persero)          48.437%
            Rp
              819,304,352,500
                                                                 Ida Bagus Made Putra Jandhana 0.465%

            Kode Emiten
            Issuer Code
            BMTP

            Kode SWIFT
            SWIFT Code
            SIHBIDJ1

            Data Jaringan Kantor
            Office Network Data
            1   Kantor Pusat / Headquarter
            39 Kantor Cabang / Branch Offices
            250 Kantor Cabang Pembantu / Sub-Branch Offices
            1   Kantor Fungsional / Functional Office




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                                                                                PT Bank Mandiri Taspen




            Akses Informasi
            Information Access



            Contact Address                        Alamat Kantor Pusat
            Contact Address                        Head Office Address
            Situs Web:                             Graha Mantap
            https://www.bankmandiritaspen.co.id/   Jl. Proklamasi No. 31
            Call Center                            Kecamatan Menteng, Kota Jakarta Pusat,
            Mantap Call 14024                      Daerah Khusus Ibukota Jakarta 10320 - Indonesia
            Whatsapp Resmi Bank / Bank Official
            Whatsapp                               Sekretaris Perusahaan
            0811 8857 770
                                                   Corporate Secretary
            Media Sosial / Social Media:           Tulus Parulian Hutabarat
              @mandiritaspen
              Bank Mandiri Taspen                      : (021) 212 31772
              @bank.mandiritaspen
                                                       : (021) 212 31984
              Bank Mandiri Taspen
              Bank Mandiri Taspen                      : corporate.secretary@bankmandiritaspen.co.id




2025 Annual Report                                                                             85
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Profil Perusahaan
Company Profile




Nama dan Alamat Kantor Cabang
Name and Address of Branch Office



                                                              KANTOR CABANG
                                                              BRANCH OFFICES

 Kantor Cabang Medan                              Kantor Cabang Pematangsiantar                      Kantor Cabang Padang
 Medan Branch Office                              Pematangsiantar Branch Office                      Padang Branch Office
 Gedung Taspen Jl. Jend. Gatot Subroto, No. 99,   Jalan Jend Sudirman No. 26                         Jl. Diponegoro No. 9, Kel. Belakang Tangsi,
 Kel. Sei Sikambing B, Kec. Medan Sunggal,        Kel. Teladan, Kec. Siantar Barat                   Kec. Padang Barat, Kota Padang, Provinsi
 Kota Medan, Provinsi Sumatera Utara              Kota Pematangsiantar Provinsi Sumatera Barat       Sumatera Barat
 Telp : (061) 80442027, 80441373,                 Telp : (0622) 7354857, 7354858,                    Telp : (0751) 37581, 37583
          80441568, 80442476, 80442184                     7354856, 7354859                          Email : kc.padang@bankmandiritaspen.co.id
 Email : kc.medan@bankmandiritaspen.co.id         Email : kc.pematangsiantar                         Web : https://www.bankmandiritaspen.co.id/
 Web : https://www.bankmandiritaspen.co.id/                @bankmandiritaspen.co.id
                                                  Web : https://www.bankmandiritaspen.co.id/

 Kantor Cabang Pekanbaru                          Kantor Cabang Tanjungpinang                        Kantor Cabang Jambi
 Pekanbaru Branch Office                          Tanjungpinang Branch Office                        Jambi Branch Office
 Jl. Jend. Sudirman No. 178 A-C,                  Komplek Pinlang Mas Bintan Center,                 Jl. Hayam Wuruk No. 49 RT 002,
 Kel. Tangkerang Tengah, Kec. Marpoyan Damai,     Jl. D.I Panjaitan KM 8 No. 7 RT 003                Kel. Talang Jauh, Kec. Jelutung,
 Kota Pekanbaru, Provinsi Riau                    RW 002, Kel. Batu Sembilan,                        Kota Jambi, Provinsi Jambi
 Telp : (0761) 8411303, 8411304, 8411308,         Kec. Tanjungpinang Timur,                          Telp : (0741) 20158, 20102
           8411298                                Kota Tanjungpinang, Kepulauan Riau                 Email : kc.jambi@bankmandiritaspen.co.id
 Email : kc.pekanbaru@bankmandiritaspen.co.id     Telp : (0771) 4445641                              Web : https://www.bankmandiritaspen.co.id/
 Web : https://www.bankmandiritaspen.co.id/       Email : kc.tanjungpinang@bankmandiritaspen.
                                                            co.id
                                                  Web : https://www.bankmandiritaspen.co.id/

 Kantor Cabang Palembang                          Kantor Cabang Bengkulu                             Kantor Cabang Bandar Lampung
 Palembang Branch Office                          Bengkulu Branch Office                             Bandar Lampung Branch Office
 Jl. Demang Lebar Daun, Kel. Lorok Pakjo,         Jl. Sudirman Kel. Pintu Batu, Kec. Teluk Segara,   Jl. Diponegoro No.71, Kel. Kupang Teba,
 Kec. Ilir Barat I, Kota Palembang,               Kota Bengkulu, Provinsi Bengkulu                   Kec. Teluk Betung Utara,
 Provinsi Sumatera Selatan                        Telp : (0736) 7324498, 7324497                     Kota Bandar Lampung, Provinsi Lampung
 Telp : (0711) 5614335, 5614336,                  Email : kc.bengkulu@bankmandiritaspen.co.id        Telp : (0721) 5603335, 5603334, 5603342,
           5614337, 5614339                       Web : https://www.bankmandiritaspen.co.id/                  5603344
 Email : kc.palembang@bankmandiritaspen.co.id                                                        Email : kc.bandarlampung
 Web : https://www.bankmandiritaspen.co.id/                                                                   @bankmandiritaspen.co.id
                                                                                                     Web : https://www.bankmandiritaspen.co.id/

 Kantor Cabang Serang                             Kantor Cabang Jakarta                              Kantor Cabang Bekasi
 Serang Branch Office                             Jakarta Branch Office                              Bekasi Branch Office
 Jl. Ahmad Yani No. 61,                           Jl. Proklamasi No. 31 RT. 11 RW. 2,                Ruko Sentra Niaga Kalimalang,
 Kel. Cimuncang, Kec. Serang,                     Pegangsaan, Kec. Menteng, Kota Jakarta             Jl. Ahmad Yani No.11-12 Blok A8,
 Kota Serang, Provinsi Banten                     Pusat, Daerah Khusus Ibukota Jakarta 10320         Kel. Marga Jaya, Kec. Bekasi Selatan
 Telp : (0254) 204426, 213638, 213604,            Telp : (021) 3919161, 3919162, 3919163             Kota Bekasi, Provinsi Jawa Barat
         213564                                   Email : kc.jakartaproklamasi@                      Telp : (021) 22012153
 Email : kc.serang@bankmandiritaspen.co.id                 bankmandiritaspen.co.id                   Email : kc.bekasi@bankmandiritaspen.co.id
 Web : https://www.bankmandiritaspen.co.id/       Web : https://www.bankmandiritaspen.co.id/         Web : https://www.bankmandiritaspen.co.id/

 Kantor Cabang Bandung                            Kantor Cabang Tasikmalaya                          Kantor Cabang Cirebon
 Bandung Branch Office                            Tasikmalaya Branch Office                          Cirebon Branch Office
 Jl. Diponegoro No. 23,                           Jl. Insinyur Haji Juanda/                          Jl. Dokter Wahidin Sudirohusodo No. 51,
 Kel. Citarum, Kec. Bandung Wetan,                Perum Grand Juanda Town House                      Kel. Sukapuran, Kec. Kejaksan, Kota Cirebon,
 Kota Bandung, Provinsi Jawa Barat                Kavling No. 1 dan 2, Kel. Sukamulya,               Provinsi Jawa Barat
 Telp : (022) 20531602, 20531621                  Kec. Bungursari, Kota Tasikmalaya,                 Telp : (0231) 204835, 237497, 237498,
 Email : kc.bandung@bankmandiritaspen.co.id       Provinsi Jawa Barat                                         237499
 Web : https://www.bankmandiritaspen.co.id/       Telp : (0265) 7522386, 7522388, 7522380,           Email : kc.cirebon@bankmandiritaspen.co.id
                                                            7522379                                  Web : https://www.bankmandiritaspen.co.id/
                                                  Email : kc.tasikmalaya@bankmandiritaspen.co.id
                                                  Web : https://www.bankmandiritaspen.co.id/

 Kantor Cabang Purwokerto                         Kantor Cabang Pekalongan                           Kantor Cabang Semarang
 Purwokerto Branch Office                         Pekalongan Branch Office                           Semarang Branch Office
 Ruko Eks Nusantara No. 2 dan 3                   Jl. Hayam Wuruk No. 15                             Jl. M.T. Haryono No. 878,
 Jl. Jenderal Sudirman, Kel. Kranji,              Kel. Bendan, Kec. Pekalongan Barat,                Kel. Peterongan, Kec. Semarang Selatan,
 Kec. Purwokerto Timur, Kabupaten Banyumas,       Kota Pekalongan Provinsi Jawa Tengah               Kota Semarang, Provinsi Jawa Tengah
 Provinsi Jawa Tengah                             Telp : (0285) 4151160, 4151161, 4151162,           Telp : (024) 76585382, 76585383,
 Telp : (0281) 6512927, 6512934, 6512966,                 4151158                                              76585384, 76585385
          7771123                                 Email : kc.pekalongan@bankmandiritaspen.           Email : kc.semarang@bankmandiritaspen.co.id
 Email : kc.purwokerto@bankmandiritaspen.co.id            co.id                                      Web : https://www.bankmandiritaspen.co.id/
 Web : https://www.bankmandiritaspen.co.id/       Web : https://www.bankmandiritaspen.co.id/




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                                                             KANTOR CABANG
                                                             BRANCH OFFICES

 Kantor Cabang Yogyakarta                         Kantor Cabang Surakarta                        Kantor Cabang Kediri
 Yogyakarta Branch Office                         Surakarta Branch Office                        Kediri Branch Office
 Jl. Ipda Tut Harsono No. 80,                     Jl. Slamet Riyadi No. 10,                      Jl. Hasanudin No. 1,
 Kel. Muja Muju Kec. Umbulharjo,                  Kel. Kampung Baru, Kec. Pasar Kliwon,          Balowerti, Kec. Kota,
 Kota Yogyakarta, Daerah Istimewa Yogyakarta      Kota Surakarta, Provinsi Jawa Tengah           Kota Kediri, Jawa Timur 64129
 Telp : (0274) 380265, 380642, 386240             Telp : (0271) 7462604, 746205, 7462606,        Telp : (0354) 672878, 672578
 Email : kc.yogyakarta@bankmandiritaspen.                 721878                                 Email : kc.kediri@bankmandiritaspen.co.id
           co.id                                  Email : kc.surakarta@bankmandiritaspen.co.id   Web : www.bankmandiritaspen.co.id
 Web : www.bankmandiritaspen.co.id                Web : www.bankmandiritaspen.co.id

 Kantor Cabang Surabaya                           Kantor Cabang Malang                           Kantor Cabang Jember
 Surabaya Branch Office                           Malang Branch Office                           Jember Branch Office
 Jl. Raya Darmo No 145,                           Jl. Kauman 22 Kavling ABC,                     Jl. Ahmad Yani No. 37-39,
 Kel. Darmo, Kec. Wonokromo,                      Kel. Kauman, Kec. Klojen,                      Kel. Kepatihan, Kec. Kaliwates,
 Kota Surabaya, Provinsi Jawa Timur               Kota Malang, Provinsi Jawa Timur               Kabupaten Jember, Provinsi Jawa Timur
 Telp : (031) 3559484, 3559485, 3559486,          Telp : (0341) 368907, 368910, 368918           Telp : (033) 1423513, 1421694, 1421112,
          3559487                                 Email : kc.malang@bankmandiritaspen.co.id              1421406
 Email : kc.surabaya@bankmandiritaspen.co.id      Web : www.bankmandiritaspen.co.id              Email : kc.jember@bankmandiritaspen.co.id
 Web : www.bankmandiritaspen.co.id                                                               Web : www.bankmandiritaspen.co.id

 Kantor Cabang Melati                             Kantor Cabang Tabanan                          Kantor Cabang Mataram
 Melati Branch Office                             Tabanan Branch Office                          Mataram Branch Office
 Jl. Melati No. 65,                               Jl. Pahlawan No. 2A,                           Jl. Pejanggik No.23-30,
 Dangin Puri Kangin, Kec. Denpasar Utara,         Delod Peken, Kec. Tabanan,                     Cakranegara Barat, Kec. Cakranegara,
 Kota Denpasar, Provinsi Bali                     Kabupaten Tabanan, Provinsi Bali               Kota Mataram, Nusa Tenggara Barat 83239
 Telp : (0361) 227076                             Telp : (0361) 814202                           Telp : 0370-629712, 629714
 Email : kc.melati@bankmandiritaspen.co.id        Email : kc.tabanan@bankmandiritaspen.co.id     Fax : 0370-629713
 Web : www.bankmandiritaspen.co.id                Web : www.bankmandiritaspen.co.id              Email : kc.mataram@bankmandiritaspen.co.id
                                                                                                 Web : www.bankmandiritaspen.co.id

 Kantor Cabang Kupang                             Kantor Cabang Pontianak                        Kantor Cabang Palangka Raya
 Kupang Branch Office                             Pontianak Branch Office                        Palangka Raya Branch Office
 Jl. Urip Sumohardjo,                             Jl. Jend. Ahmad Yani No. 61I - 61L,            Jl. Ahmad Yani No. 46A
 Merdeka, Kec. Kota Lama,                         Kel. Bangka Belitung Laut, Kec. Pontianak      Kel. Pahandut, Kec. Pahandut,
 Kota Kupang, Nusa Tenggara Timur                 Tenggara, Kota Pontianak,                      Kota Palangka Raya,
 Telp : (0380) 820007                             Provinsi Kalimantan Barat                      Provinsi Kalimantan Tengah
 Email : kc.kupang@bankmandiritaspen.co.id        Telp : (0561) 6580410, 6580411, 658413,        Telp : (0536) 4264116
 Web : www.bankmandiritaspen.co.id                          0561-6580414                         Email : kc.palangkaraya@bankmandiritaspen.
                                                  Email : kc.pontianak@bankmandiritaspen.co.id           co.id
                                                  Web : www.bankmandiritaspen.co.id              Web : www.bankmandiritaspen.co.id

 Kantor Cabang Banjarmasin                        Kantor Cabang Samarinda                        Kantor Cabang Makassar
 Banjarmasin Branch Office                        Samarinda Branch Office                        Makassar Branch Office
 Jl. M.T. Haryono No. 23,                         Jl. Pangeran Diponegoro No.23 B & C,           Jl. Sultan Hasanuddin No. 39
 Kel. Kertak Baru Ulu, Kec. Banjarmasin Tengah,   Kel. Pasar Pagi, Kec. Samarinda Ilir,          Kec. Ujung Pandang, Kota Makassar,
 Kota Banjarmasin, Provinsi Kalimantan Selatan    Kota Samarinda, Provinsi Kalimantan Timur      Sulawesi Selatan
 Telp : (0511) 6740770, 6740771, 6740772,         Telp : (0541) 6526529                          Telp : (041) 3631799, 3621881, 3631782
          6740761                                 Email : kc.samarinda@bankmandiritaspen.        Email : kc.makassar@bankmandiritaspen.co.id
 Email : kc.banjarmasin@bankmandiritaspen.                co.id                                  Web : www.bankmandiritaspen.co.id
          co.id                                   Web : www.bankmandiritaspen.co.id
 Web : www.bankmandiritaspen.co.id

 Kantor Cabang Palu                               Kantor Cabang Manado                           Kantor Cabang Kendari
 Palu Branch Office                               Manado Branch Office                           Kendari Branch Office
 Jln. Moh. Hatta, Kel. Lolu, Kec. Palu Selatan,   Jl. Sam Ratulangi No.35 A-D,                   Jl. M.T. Haryono L142 dan K142,
 Kota Palu, Provinsi Sulawesi Tengah              Kel. Tj. Batu, Kec. Wanea, Kota Manado,        Kel. Wowawangu, Kec. Kadia, Kota Kendari,
 Telp : (0451) 4016876                            Provinsi Sulawesi Utara                        Provinsi Sulawesi Tenggara
 Email : kc.palu@bankmandiritaspen.co.id          Telp : (0431) 7283172, 7282871, 7283173        Telp : (0401) 3190863
 Web : www.bankmandiritaspen.co.id                Email : kc.manado@bankmandiritaspen.co.id      Email : kc.kendari@bankmandiritaspen.co.id
                                                  Web : www.bankmandiritaspen.co.id              Web : www.bankmandiritaspen.co.id

 Kantor Cabang Ambon                              Kantor Cabang Manokwari                        Kantor Cabang Jayapura
 Ambon Branch Office                              Manokwari Branch Office                        Jayapura Branch Office
 Jl. Jenderal Ahmad Yani,                         Jl. Trikora Wosi No. 132,                      Jl. Raya Kotaraja,
 Kel. Batu Meja, Kec. Sirimau,                    Kel. Wosi, Kec. Manokwari Baru,                Kel. Vim, Kec. Abepura,
 Kota Ambon, Provinsi Maluku                      Kabupaten Manokwari, Provinsi Papua Barat      Kota Jayapura, Provinsi Papua
 Telp : (0911) 3831919, 3831385, 3831033,         Telp : (0986) 2213226, 2213356, 2213020,       Telp : (0967) 5186299
          3831600                                           22211299                             Email : kc.jayapura@bankmandiritaspen.co.id
 Email : kc.ambon@bankmandiritaspen.co.id         Email : kc.manokwari@bankmandiritaspen.co.id   Web : www.bankmandiritaspen.co.id
 Web : www.bankmandiritaspen.co.id                Web : www.bankmandiritaspen.co.id




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Profil Perusahaan
Company Profile




Brand Perusahaan
Company Brand


Corporate Brand Philosophy merupakan filosofi dasar            Corporate Brand Philosophy is a basic philosophy
yang menggambarkan elemen-elemen dari brand identitas          describingelements of Bank Mandiri Taspen brand identity.
Bank Mandiri Taspen. Corporate Brand Philosophy disusun        Corporate Brand Philosophy is prepared as a frame of reference
sebagai kerangka acuan bagi seluruh Jajaran Bank dalam         for all ranks of the Bank in applying Bank Mandiri Taspen brand
mengaplikasikan brand identitas Bank Mandiri Taspen secara     identity appropriately and consistently to create quality brand
tepat dan konsisten untuk menciptakan brand experience yang    experience for all stakeholders to create sustainable brand.
berkualitas bagi seluruh stakeholders sehingga menghasilkan
brand yang sustain.


Positioning Statement                                          Positioning Statement
Positioning Statement menggambarkan hal-hal yang               Positioning Statement describes things which differentiate
membedakan Bank Mandiri Taspen dari kompetitor dan alasan      Bank Mandiri Taspen from its competitors and reasons for
nasabah memilih Bank Mandiri Taspen. Bank Mandiri Taspen       customers to choose Bank Mandiri Taspen. Bank Mandiri Taspen
sebagai mitra terbaik dan terpercaya dalam memberdayakan       as the best and reliable partner in empowering and prospering
dan mensejahterakan membantu menciptakan peluang               helps create business and welfare growth opportunities
pertumbuhan bisnis dan kesejahteraan melalui produk dan        through the best products and services. Bank Mandiri Taspen
layanan terbaik. Bank Mandiri Taspen terus menyediakan         keeps providing alternative products and complete and varying
alternatif produk dan layanan keuangan yang lengkap            financial services in accordance with increasingly varied
dan beragam, sesuai dengan kebutuhan perorangan dan            individual and corporate needs. Bank Mandiri Taspen keep
perusahaan yang semakin beragam. Bank Mandiri Taspen           creating value added for customers, including by combining
terus menciptakan nilai tambah bagi nasabah antara lain        special skills, local knowledge, and indepth understanding on
dengan menggabungkan antara keahlian khusus, pengetahuan       market condition and changes.
lokal dan pengertian yang mendalam mengenai keadaan dan
perubahan pasar.


Brand Essence                                                  Brand Essence
Brand Essence merupakan inti pemikiran yang menunjukkan        Brand Essence is a core thought which shows the spirit to
jiwa/semangat untuk pengembangan Bank Mandiri Taspen           develop Bank Mandiri Taspen and is used as a tagline in
sekaligus digunakan sebagai tagline dalam komunikasi           external communication.
eksternal.
Brand Essence diterjemahkan dengan pernyataan:                 Brand Essence is expressed by the statement:
“Memuliakan, Memberdayakan dan Mensejahterakan”                “Glorifying, Empowering and Prospering”


Brand Personality                                              Brand Personality
Brand Personality menggambarkan seperti apa Bank Mandiri       Brand Personality describes how Bank Mandiri Taspen
Taspen ingin dikenal oleh dunia luar yaitu nasabah dan         wants to be known by the outside world, i.e. customers and
stakeholders. Brand Personality diterjemahkan dari nilai       stakeholders. Brand Personality is translated from corporate
budaya perusahaan dan Perilaku Utama Bank Mandiri Taspen       culture values and Main Behaviors of Bank Mandiri Taspen and
serta divisualisasikan ke dalam beberapa karakter sebagai      is visualized by the following characters:
berikut:
1. Passionate                                                  1. Passionate
    Menggambarkan kedekatan Bank Mantap dengan                    Describing the closeness of Bank Mandiri Taspen with
    nasabah dan stakeholders yang diterjemahkan ke dalam          customers and stakeholders, which is expressed by the
    pernyataan:                                                   statement:
    “Bank Mantap adalah sahabat terbaik saya, selalu               “Bank Mandiri Taspen is my best friend, it’s always open
    terbuka dan melayani dengan tulus, jujur dan hangat, dan      and serves sincerely, honestly and warmly and creates
    menciptakan kenyamanan.”                                      comfort.”




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2. Open                                                         2. Open
   Menggambarkan keterbukaan Bank Mantap yang                      Describing openness of Bank Mandiri Taspen, which is
   diterjemahkan dengan pernyataan:                                expressed by the statement:
   “Saya percaya Bank Mantap karena pegawainya                     “I trust Bank Mandiri Taspen because the employees
   berkomunikasi secara tulus, terbuka, bersikap positif dan       communicate sincerely, openly, positively and with
   selalu menjaga integritas.”                                     integrity.”
3. Progressive                                                  3. Progressive
   Menggambarkan       keinginan   Bank    Mantap     untuk        Describing Bank Mandiri Taspen’s desire to provide
   memberikan solusi yang progresif kepada nasabah dan             progressive solutions to customers and stakeholders,
   stakeholders yang diterjemahkan dengan pernyataan:              which is expressed by the statement:
   “Bank Mantap selalu memberikan solusi yang sempurna,            “Bank Mandiri Taspen always gives the perfect solutions,
   tidak saja untuk memenuhi kebutuhan saya tapi juga              not only fulfill my needs but also to give more than I need.”
   memberikan lebih dari yang saya butuhkan.”
4. Specialist                                                   4. Specialist
   Menggambarkan keterbukaan Bank Mantap yang                      Describing the openness of Bank Mandiri Taspen, which is
   diterjemahkan dengan pernyataan:                                expressed by the statement:
   “Saya percaya Bank Mantap karena pegawainya                     “I trust Bank Mandiri Taspen because the employees
   berkomunikasi secara tulus, terbuka, bersikap positif dan       communicate sincerely, openly, positively and with
   selalu menjaga integritas.”                                     integrity.”
5. Agile                                                        5. Agile
   Menggambarkan       kesiapan    dan    kegesitan    Bank        Describing the readiness and agility of Bank Mandiri
   Mantap dalam mengantisipasi kebutuhan nasabah dan               Taspen in anticipating customers and stakeholders’ needs,
   stakeholders yang diterjemahkan dengan pernyataan:              which is expressed by the statement:
   “Bank Mantap selalu tanggap mengikuti perubahan                 “Bank Mandiri Taspen is always ready to follow market
   pasar, tidak pernah berhenti berinovasi, dan senantiasa         changes, never stops innovating, and always gives more
   memberikan lebih dari yang diharapkan.”                         than expected.”
6. Brand Promise                                                6. Brand Promise
   Brand Promise merupakan janji mengenai manfaat dan              Brand Promise is a promise on benefits and advantages
   keunggulan yang diberikan Bank Mantap kepada nasabah            of Bank Mandiri Taspen for customers and stakeholders,
   dan stakeholders yang diterjemahkan dengan pernyataan:          which is expressed by the statement:
   “Bank Mantap fokus pada produk dan layanan sesuai               “Bank Mandiri Taspen focuses on products and services
   kebutuhan, sederhana, kompetitif dan          memahami          consistent with needs, is simple and competitive, and
   kebutuhan nasabah sesuai segmen serta memberikan                understands customers’ needs consistent with the
   imbal hasil yang optimal”                                       segments and provides optimum yield”


Master Brand Logo                                               Master Brand Logo




a.   Logo type bertuliskan Mandiri Taspen dengan huruf kecil    a.   Logo type says mandiri taspen in lowercase describes
     menggambarkan sikap ramah (ramah terhadap semua                 friendliness (friendly to all business segments entered
     segmen bisnis yang dimasuki Bank Mandiri Taspen), dan           by Bank Mandiri Taspen) and humbleness (showing great
     kepribadian yang rendah hati (menunjukkan keinginan yang        desire to service humbly /Customer Focus). The logo is
     besar untuk melayani dengan rendah hati/Customer Focus).        in bold, showing firmness and confidence in managing
     Tulisan logo ditulis tebal semua menunjukan ketegasan           company.
     dan rasa percaya diri dalam mengelola perusahaan.


     Logo type bertuliskan Mandiri Taspen juga mencerminkan          Logo type which says Mandiri Taspen also reflects its
     pemiliknya.                                                     owner.




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     Penggunaan warna pada logo type:
     Color use in logo type:


     •   Warna Biru:
         Merupakan warna dari Bank Mandiri yang menunjukkan rasa nyaman, tenang,
         menyejukkan, stabilitas (Command, memimpin) dan serius (Respect) serta tahan
         uji (Reliable), dapat dipercaya, kehormatan yang tinggi (Trust, Integrity), Simbol
         dari spesialis (Profesionalism).
         Blue:
         The color of Bank Mandiri, showing comfort, calmness, coolness, stability
         (Command, leading) and seriousness (Respect) as well as resilience
         (Reliable), trustworthiness, high honor (Trust, Integrity), symbol of specialist
         (Profesionalism).


     •   Warna Biru Tua :
         Merupakan warna dari PT TASPEN yang menggambarkan ketentraman, damai
         dan tenang.
         Dark Blue:
         Is the color of PT Taspen that illustrates harmony, peace, and calm.


b. Logo mark berupa gelombang emas cair merupakan simbol dari kekayaan finansial
   di Asia dimana lengkungan emas sebagai metamorfosa dari sifat agile, progresif,
   pandangan ke depan, Excellence, fleksibilitas serta ketangguhan atas segala
   kemungkinan yang akan datang.
   Logo mark is liquid golden wave, a symbol of financial wealth in Asia where golden
   arch is metamorphosis of agility, progressiveness, forward thinking, excellence,
   flexibility and resilience to all future possibilities.


c.   Penggunaan warna kuning emas (kuning ke arah orange) melambangkan:
     • Keagungan, kemuliaan, kemakmuran, kejayaan.
     • Menjadikan kita merasa tajam perhatiannya (warna yang menarik perhatian
        orang) aktif, kreatif dan meriah, warna spiritual dan melambangkan hal yang
        luar biasa.
     • Warna ini juga ramah, menyenangkan dan nyaman.
     • Warna ini diterima sebagai warna riang, membuat perasaan masa depan lebih
        baik, cemerlang dan menyala-nyala.


     The use of gold color (yellow with shades of orange) symbolizes:
     • Majesty, honor, prosperity, glory.
     • It creates sharpened attention (drawing people’s attention), activeness, creativity
        and joy. It’s a spiritual color and symbolizes extraordinariness.
     • It’s also friendly, fun and comfortable.
     • It’s accepted as joyful, making the future seems better, more brilliant and bright.


Posisi dari logo mark yang berada di atas logo type serta bentuk gelombang
menggambarkan pencapaian yang tidak pernah henti dengan pertumbuhan ke atas
menandakan kemakmuran nasabah yang tumbuh dan berkembang bersama Bank
Mandiri Taspen.


The position of the logo mark above the logotype and the wave shape illustrates a never-
ending achievement with upward growth that represents the customers’ prosperity that
grows and develops together with Bank Mandiri Taspen.




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Riwayat Singkat Perusahaan
Brief History of the Company




PT Bank Mandiri Taspen (selanjutnya disebut “Bank”) didirikan   PT Bank Mandiri Taspen (hereinafter referred to as “Bank”)
di Denpasar pada tanggal 3 November 1992 berdasarkan            was established in Denpasar dated November 3, 1992 based
Akta Pendirian No. 4, yang dibuat dihadapan Ida Bagus Alit      on Notarial Deed of Establishment No 4, made before Ida
Sudiatmika, S.H., Notaris di Denpasar, dengan nama PT Bank      Bagus Alit Sudiatmika, S.H., a Notary in Denpasar, under the
Sinar Harapan Bali. Pendirian ini merupakan peningkatan         name of PT Bank Sinar Harapan Bali. The establishment was
status badan hukum yang sebelumnya berbadan hukum               an improvement of legal entity status, from previously an
Maskapai Andil Indonesia (MAI) menjadi Perseroan Terbatas.      Indonesian Society on Shares (Maskapai Andil Indonesia or
Akta pendirian ini telah mendapat pengesahan dari Menteri       MAI) to a Limited Liability Company. The Deed of Establishment
Kehakiman Republik Indonesia dengan Surat Keputusan No.         was ratified by the Minister of Justice of the Republic of
C2-4581 HT.01.01 Th.93 tertanggal 12 Juni 1993.                 Indonesia under Decree No. C2-4581 HT.01.01 Th.93 dated
                                                                June 12, 1993.


Dalam rangka bertransformasi untuk menjadi Bank Nasional,       To transform into a National Bank, based on the decision of
berdasarkan keputusan RUPS Luar Biasa tanggal 22 Desember       Extraordinary GMS on December 22, 2014 as stated in Deed
2014 sebagaimana yang dituangkan dalam Akta No. 93              No.93 dated December 22, 2014 which is made before Notary
tanggal 22 Desember 2014 yang dibuat dihadapan Notaris I        I Gusti Ngurah Putra Wijaya, S.H., there were Changes in
Gusti Ngurah Putra Wijaya, S.H., Bank menyetujui perubahan      authorized capital, issued and paid capital of the Bank from
modal dasar, ditempatkan dan disetor yang berubah dari          IDR100.000.000.000 into IDR500.000.000.000 and changes
Rp100.000.000.000 menjadi Rp500.000.000.000 dan juga            of shareholder structure, the Deed of change is approved
menyebabkan perubahan komposisi dan susunan kepemilikan         by the Decree of the Minister of Law and Human Rights No.
dari pemegang saham. Akta perubahan tersebut telah              AHU13665.40.20.2014 dated December 30, 2014.
mendapat persetujuan sesuai dengan Surat Keputusan Menteri
Hukum dan Hak Asasi Manusia No. AHU-13665.40.20.2014
tertanggal 30 Desember 2014.




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Dengan masuknya pemegang saham baru yaitu PT Taspen               With the entry of new Shareholders, PT Taspen (Persero)
(Persero) dan PT Pos Indonesia (Persero), diputuskan pula         and PT Pos Indonesia (Persero), it was decided to change the
perubahan nama Bank dari PT Bank Sinar Harapan Bali               Bank name from PT Bank Sinar Harapan Bali into PT Bank
menjadi PT Bank Mandiri Taspen Pos berdasarkan perubahan          Mandiri Taspen Pos based on change of Articles of Association
Anggaran Dasar sesuai Akta No. 5 tanggal 7 Januari 2015           consistent with Deed No. 5 dated January 7, 2015 which is
yang dibuat dihadapan Notaris I Gusti Ngurah Putra Wijaya,        made before Notary I Gusti Ngurah Putra Wijaya, S.H., a Notary
S.H., Notaris di Denpasar. Akta perubahan tersebut telah          in Denpasar. The Deed of change is approved by the Minister
disetujui oleh Menteri Hukum dan Hak Asasi Manusia Republik       of Law and Human Rights in the Decree No. AHU-0001075.
Indonesia melalui Surat Keputusan No. AHU-0001075.                AH.01.02 dated January 23, 2015. The change of Bank name
AH.01.02 tanggal 23 Januari 2015. Perubahan nama Bank             is also approved by the Financial Service Authority (OJK) based
tersebut juga telah disetujui oleh Otoritas Jasa Keuangan (OJK)   on letter No. 166/KDK.03/2015 dated July 24, 2015 on Use
berdasarkan surat No. 166/KDK.03/2015 tanggal 24 Juli 2015        of Business License in the Name of PT Bank Mandiri Taspen
tentang Penggunaan Ijin Usaha atas nama PT Bank Mandiri           Pos and letter No. S-134/KO.311/2015 dated July 31, 2015 on
Taspen Pos dan surat No. S-134/KO.311/2015 tanggal 31 Juli        Approval for Logo Change.
2015 tentang Persetujuan Perubahan Logo.


PT Bank Sinar Harapan Bali secara resmi berganti nama dan         PT Bank Sinar Harapan Bali officially changed its name and
logo menjadi PT Bank Mandiri Taspen Pos pada tanggal              logo into PT Bank Mandiri Taspen Pos on August 7, 2015.
7 Agustus 2015.


Sesuai dengan Keputusan Rapat Umum Pemegang Saham                 In accordance with the Decision of the General Meeting of
No. 4 tanggal 6 November 2017 dari Notaris I Gusti Ngurah         Shareholders No. 4 dated November 6, 2017 from Notary
Putra Wijaya, S.H., Notaris di Denpasar, pemegang saham           I Gusti Ngurah Putra Wijaya, S.H., Notary in Denpasar, the
Bank menyetujui perubahan nama Bank dari PT Bank Mandiri          shareholders of the Bank approved the change in the name of
Taspen Pos menjadi PT Bank Mandiri Taspen. Akta perubahan         the Bank from PT Bank Mandiri Taspen Pos to PT Bank Mandiri
tersebut telah dilaporkan kepada Menteri Hukum dan Hak            Taspen. The amendment deed has been reported to the
Asasi Manusia Republik Indonesia dengan surat penerimaan          Minister of Law and Human Rights of the Republic of Indonesia
pemberitahuan perubahan data Bank tertanggal 7 November           with a letter of receipt of notification of changes to Bank data
2017 No. AHU-AH.01.03-0188167 dan telah didaftarkan               dated November 7, 2017 No. AHU- AH.01.03-0188167 and
pada daftar Perseroan No. AHU-0140174.AH.01.11 Tahun              has been registered in the Company register Number AHU-
2017 tanggal 7 November 2017.                                     0140174. AH.01.11 of 2017 dated November 7, 2017.


Perubahan nama Bank tersebut juga telah disetujui oleh            The change in the name of the Bank has also been approved
OJK berdasarkan surat No. KEP-22/PB.1/2017 tanggal                by the OJK based on letter No. KEP-22 / PB.1 / 2017 dated
18 Desember 2017 tentang Penetapan Penggunaan Ijin                December 18, 2017 concerning Stipulation of Use of Business
Usaha atas nama PT Bank Mandiri Taspen Pos menjadi                Permits on behalf of PT Bank Mandiri Taspen Pos to become
PT Bank Mandiri Taspen dan surat OJK Regional: Bali dan Nusa      PT Bank Mandiri Taspen and OJK Regional Letter: Bali and
Tenggara No. S-128/KR.08/2017 tanggal 22 Desember 2017            Nusa Tenggara No. S-128 / KR.08 / 2017 dated December 22,
tentang Penegasan perubahan logo Bank. PT Bank Mandiri            2017 concerning the confirmation of changing the Bank’s logo,
Taspen Pos secara resmi berganti nama dan logo menjadi            then PT Bank Mandiri Taspen Pos officially changed its name
PT Bank Mandiri Taspen pada tanggal 23 Desember 2017.             and logo to PT Bank Mandiri Taspen on December 23, 2017.


Pada tahun 2019, berdasarkan surat persetujuan Otoritas Jasa      In 2019, following the Financial Services Authority (OJK)
Keuangan (OJK) No.S-5/PB.1/2019 tanggal 28 Januari 2019           approval letter No.S-5/PB.1/2019 dated January 28, 2019
perihal Rencana Pemisahan dan Pemindahan Alamat Kantor            concerning the Plan for Separation and Relocation of Head
Pusat, maka terhitung mulai tanggal 11 Maret 2019 Kantor          Office, starting March 11, 2019 Bank Mandiri Taspen moved
Pusat Bank efektif pindah alamat yang semula berkedudukan         its Head Office from Jalan Melati No. 65 Denpasar, Bali to
di Jalan Melati No. 65 Denpasar, Bali menjadi berkedudukan        Jalan Cikini Raya No.42, Cikini, Menteng, Central Jakarta,
di Jalan Cikini Raya No.42, Cikini, Menteng, Jakarta Pusat, DKI   DKI Jakarta and the transfer was legalized by the Deed of
Jakarta dan pemindahan tersebut telah disahkan dengan Akta        Confirmation of Meeting Decision No. 7 dated March 5, 2019
Penegasan Keputusan Rapat No 7 tanggal 5 Maret 2019 yang          notarized by I Gusti Ngurah Putra Wijaya, SH. and obtained
dibuat di hadapan Notaris I Gusti Ngurah Putra Wijaya, SH. dan    a Statement of Acceptance of Notification of Changes to PT
telah memperoleh Pernyataan Penerimaan Pembertitahuan             Bank Mandiri Taspen Company Data from the Ministry of Law




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Perubahan Data Perseroan PT Bank Mandiri Taspen dari             and Human Rights of the Republic of Indonesia, Directorate
Kementerian Hukum dan Hak Asasi Manusia Republik                 General of General Legal Administration Number AHU-
Indonesia, Direktorat Jenderal Administrasi Hukum Umum           AH.01.03-0138220 dated March 11, 2019.
Nomor AHU-AH.01.03-0138220 tanggal 11 Maret 2019.


Pada tanggal 14 Juni 2021, Bank kembali memindahkan              On June 14, 2021, Bank Mandiri Taspen again relocated the
alamat Kantor Pusat yang semula beralamat di Jalan Cikini        address of its Head Office from Jalan Cikini Raya No. 42,
Raya No. 42, Cikini Menteng Jakarta Pusat ke Jalan Proklamasi    Cikini Menteng, Central Jakarta to Jalan Proklamasi No. 31,
No. 31, Pegangsaan, Menteng, Jakarta Pusat. Pemindahan           Pegangsaan, Menteng, Central Jakarta. The change of the
Alamat Kantor Pusat tersebut telah mendapat persetujuan dari     Head Office Address received approval from the Financial
Otoritas Jasa Keuangan pada tanggal 18 Mei 2021 dengan           Services Authority (OJK) on May 18, 2021 with Letter Number
Surat Nomor S-51/PB.1/2021 perihal Rencana Pemindahan            S-51/PB.1/2021 concerning the Plan to Transfer the Address
Alamat Kantor Pusat (KP) dan Kantor Cabang (KC).                 of the Head Office (KP) and Branch Offices (KC).


Seiring dengan peningkatan pertumbuhan modal Bank, pada          Due to the increase of the Bank’s capital growth, on April 4,
tanggal 4 April 2024 Otoritas Jasa Keuangan telah menetapan      2024 the Financial Services Authority reclassified bank Mandiri
Bank sebagai Kelompok Bank Berdasarkan Modal Inti (KBMI)         Taspen as a Bank Group Based on Core Capital (KBMI) 2 from
2 dari sebelumnya KBMI 1. Penetapan tersebut disampaikan         its previous KBMI 1 status. The decision was conveyed through
dengan surat OJK Nomor S-59/PB.21/2024 tanggal 4 April           OJK letter Number S-59/PB.21/2024 dated April 4, 2024.
2024.


Sejak tahun 1992, Bank mandiri Taspen telah beberapa kali        Since 1992, Bank Mandiri Taspen has amended its Articles
melakukan perubahan Anggaran Dasar dengan perubahan              of Association several times, with the latest amendment
terakhir dinyatakan dengan Akta Pernyataan Keputusan             stipulated in the Deed of Shareholders’ Resolution Statement
Pemegang Saham Nomor 05 tanggal 5 Mei 2025 dari Notaris          No. 05 dated 5 May 2025, drawn up by Zulkifli Harahap,
Zulkifli Harahap, S.H., Notaris di Jakarta, mengenai perubahan   S.H., a Notary in Jakarta, concerning changes to the duties
tugas dan wewenang Direksi. Akta tersebut telah dilaporkan       and authorities of the Board of Directors. The deed has been
kepada Menteri Hukum Republik Indonesia dengan surat             reported to the Minister of Law of the Republic of Indonesia, as
penerimaan pemberitahuan perubahan Anggaran Dasar                evidenced by the receipt of notification of the amendment to the
PT Bank Mandiri Taspen tertanggal 03 Juni 2025 Nomor             Articles of Association of PT Bank Mandiri Taspen dated 3 June
AHU-AH.01.09-0284549 dan telah didaftarkan pada daftar           2025 No. AHU-AH.01.09-0284549, and has been registered
Perseroan No. AHU-0121877.AH.01.11.TAHUN 2025 tanggal            in the Company Register No. AHU-0121877.AH.01.11.TAHUN
3 Juni 2025.                                                     2025 dated 3 June 2025.



Keterangan Perubahan Nama                                        Description of Name Changes

Sesuai dengan keterangan pada riwayat singkat perusahaan         In accordance with the brief description of the above company,
di atas, Bank Mandiri Taspen telah melaksanakan perubahan        Bank has carried out the name change twice:
nama sebanyak dua kali yaitu:
•    Pertama, perubahan nama Bank dari PT Bank Sinar             •   First, the change of Bank name from PT Bank Sinar Harapan
     Harapan Bali menjadi PT Bank Mandiri Taspen Pos                 Bali to PT Bank Mandiri Taspen Post based on amendment
     berdasarkan perubahan Anggaran Dasar sesuai Akta                of Articles of Association according to Deed No. 5 dated
     No. 5 tanggal 7 Januari 2015 yang efektif berlaku pada          January 7, 2015 effective on August 7, 2015; and
     tanggal 7 Agustus 2015; dan
•    Kedua, perubahan nama Bank dari PT Bank Mandiri             •   Second, the change of Bank name from PT Bank Mandiri
     Taspen Pos menjadi PT Bank Mandiri Taspen sesuai                Taspen Pos to PT Bank Mandiri Taspen in accordance with
     dengan Keputusan Rapat Umum Pemegang Saham                      the Resolution of General Meeting of Shareholders No. 4
     No. 4 tanggal 6 November 2017 yang efektif berlaku pada         dated November 6, 2017 which is effective on December
     tanggal 23 Desember 2017.                                       23, 2017.




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Visi, Misi, dan Budaya Perusahaan
Vision, Mission, and Company Culture




     VISI
       Vision
                                                     Menjadi Mitra Terbaik
                                                     dan Terpercaya dalam
                                                      Memberdayakan dan
                                                          Mensejahterakan
                                                     To be the best and reliable
                                                     partner in empowering and
                                                          improving the welfare




Dengan aspirasi Rencana Jangka Panjang
menjadi “The Undisputed Leader in Indonesia’s
Senior Citizen Financial Ecosystem” dengan
key metric menjadi Penyalur Kredit Pensiun
Terbesar di Indonesia, Unggul secara Layanan
& Operasional Berbasis Digital.
With the aspiration of the Long-Term Plan
to become “The Undisputed Leader in Indonesia’s
Senior Citizen Financial Ecosystem” with the
achievement of becoming the Largest Retirement
Loans Provider in Indonesia, Excellence in Service
and Digital-Based Operations.




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MISI Mission
   Menciptakan pertumbuhan bisnis dan kesejahteraan melalui produk dan layanan keuangan terbaik.
   To create business growth and prosperity through the best financial products and services.



     • Peningkatan bisnis pensiun sebagai                           • Increasing the pension business
       engine of growth.                                              as an engine of growth.
     • Fokus penghimpunan dana melalui retail                       • Focusing on raising funds through retail
       funding, commercial funding, dan priority                      funding, commercial funding and priority
       banking.                                                       banking.
     • Pengembangan low cost network dan national                   • Developing Low cost network and national
       expansion.                                                     expansion.
     • Memberikan layanan dan produk-produk                         • Providing competitive services and products.
       yang kompetitif.


   Fokus pada kebutuhan UMKM dan Pensiunan dengan menyelaraskan kepentingan ekonomi, sosial, dan lingkungan.
   Focus on the needs of MSMEs and retirees by aligning economic, social and environmental interests.



     • End to end layanan pensiun dan peningkatan                   • End to end retirement services and improvement
       layanan nasabah mikro dan ritel.                               of micro and retail customer service.
     • Merekrut, melatih dan mengembangkan                          • Recruiting, training and developing human
       sumber daya manusia untuk mendukung bisnis                     resources to support pension and MSME
       pensiun dan UMKM.                                              businesses.
     • Memahami kebutuhan nasabah khususnya                         • Understanding the needs of customers,
       segmen pensiun dan UMKM.                                       especially the pension and MSME segments.
     • Menciptakan produk dan layanan keuangan                      • Creating financial products and services for
       segmen pensiun dan UMKM dengan                                 the pension and MSME segments by aligning
       menyelaraskan kepentingan ekonomi,                             economic, social and environmental interests.
       sosial, dan lingkungan.




Review Visi dan Misi oleh Dewan Komisaris dan Direksi
Vision and Mission Review by Board of Commissioners and Directors

Secara periodik pencapaian visi dan misi dievaluasi dengan menggunakan mekanisme penyusunan Rencana Bisnis Bank yang
memuat pencapaian target, rencana strategis dan target kinerja satu sampai 3 (tiga) tahun ke depan. Dewan Komisaris dan Direksi
menilai bahwa visi dan misi masih relevan untuk kondisi saat ini dan pencapaian visi dan misi sampai dengan tahun 2025 telah
sesuai dengan arah dan tahapan yang telah ditetapkan oleh Bank.

The achievement of the Bank’s vision and mission was periodically evaluated through the Bank Business Plan formulation process,
which encompassed target achievements, strategic plans, and performance targets for the next one to three years. The Board of
Commissioners and the Board of Directors assessed that the vision and mission remained relevant to current conditions, and that
their achievement up to 2025 had been in line with the direction and milestones established by the Bank.




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Budaya Perusahaan
Company Culture                                                 New Horizon, New Spirit, Better Opportunity




Goal
Hasil akhir yang ingin dicapai.
The intended final outcomes to be achieved.


Aspiration
Komitmen bersama Mantap Squad menjalankan                            The Undisputed Leader in Indonesia’s
karakteristik unik untuk menciptakan Performing
Impact and Shapping Excellence.                                       Senior Citizen Financial Ecosystem
The collective commitment of the Mantap Squad
was demonstrated through the implementation
of distinctive characteristics to deliver
Performing Impact and Shaping Excellence.


Unique Characteristics
Karakter yang menjadi identitas unik
Bank Mandiri Taspen.
The distinctive characteristics that constituted
the unique identity of Bank Mandiri Taspen.

                                                        Do The           Think
                                                                                         Act        Colaborate     Customer First,
Core Values                                           Right Thing,     Smart, Fast
                                                                                     Innovatively   for Results       Always
                                                     The Right Way     and Detail
Nilai-nilai inti yang menjadi
landasan Mantap Squad dalam bekerja.
The core values that served as the foundation
for the Mantap Squad in carrying out their duties.                                      AMANAH KOMPETEN HARMONIS
                                                                                        LOYAL ADAPTIF KOLABORATIF

Purpose SEMPURNA
Alasan Utama mengapa Bank Mandiri Taspen ada.                      Semangat Mensejahterakan Purnabakti.
The Primary Rationale for the Establishment                      The spirit of enhancing the welfare of retirees.
of Bank Mandiri Taspen.




       Adalah karakter Mantap Squad yang berpijak pada Purpose, berjalan dengan Values, berpikir dan berperilaku
       yang memberikan dampak (Performing Impact), dan menciptakan keunggulan (Shapping Excellence)

       It represented the defining characteristic of the Mantap Squad, which was grounded in its Purpose, guided by its
       Values, and reflected in mindsets and behaviors that delivered Performing Impact and fostered Shaping Excellence.




                        Mantap Squad bekerja bukan sekadar
                        menyelesaikan tugas, tetapi untuk
                        memberikan hasil terbaik bagi nasabah
                        perusahaan, dan masyarakat.
                        The Mantap Squad did not merely carry out
                        assigned tasks; rather, they were committed
                        to delivering optimal outcomes for customers,
                        the Company, and the broader community.




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                     Do the Right Thing, The Right Way
                                                                 1. Dapat dipercaya karena selaras antara perkataan dan perbuatan.
                     Bertindak jujur dan bertanggung
                                                                 2. Bekerja sesuai aturan, dan menjaga etika pada setiap tindakan.
                     jawab, dengan konsisten mematuhi
                                                                 3. Bertanggung jawab atas tugas, keputusan, dan hasil pekerjaan.
                     nilai moral dan etika, serta peraturan
                                                                 1. Demonstrated trustworthiness by maintaining consistency
                     yang berlaku tanpa pengecualian.
Amanah               Acted with honesty and accountability,
                                                                    between words and actions.
                                                                 2. Performed duties in accordance with established policies
dan Loyal            consistently upholding moral and               and procedures, while upholding ethical standards in every action.
                     ethical values, as well as complying
Integrity                                                        3. Assumed full accountability for assigned duties, decisions made,
                     with applicable laws and regulations           and work outcomes.
and Loyalty          without exception.




                     Think Smart Fast and Detail                 1. Berpikir kritis dan strategis berbasis data dan logika.
                     Berpikir kritis, cermat, dan berorientasi   2. Bekerja dengan target jelas dan menyelesaikan tugas hingga tuntas.
                     solusi dengan memperhatikan detail,         3. Mengutamakan ketelitian hingga detail terkecil untuk memastikan
                     serta mampu bertindak cepat dalam              hasil yang berkualitas.
                     mengambil keputusan yang tepat.             1. Demonstrated critical and strategic thinking based on data
                     Demonstrated critical, thorough,               and logical analysis.
                                                                 2. Performed duties with clearly defined targets and ensured
Kompeten             and solution-oriented thinking,
                     with strong attention to detail,               completion of tasks in a timely and effective manner.
Competent            and the ability to act promptly             3. Maintained a high level of accuracy and attention to detail
                     in making sound decisions.                     to ensure the delivery of high-quality outcomes.




                     Act Innovatively                            1. Berani mencoba hal baru dengan menghadirkan ide dan solusi
                                                                    yang tepat.
                     Menciptakan ide-ide baru, cara kerja
                                                                 2. Selalu mencari cara untuk bekerja lebih efisien dengan hasil kerja
                     yang lebih baik, dan solusi kreatif untuk
                                                                    lebih baik.
                     meningkatkan efisiensi, produktivitas,
                                                                 3. Mengubah tantangan menjadi peluang untuk berinovasi.
                     serta kualitas kerja.
Adaptif                                                          1. Demonstrated the courage to explore new approaches
                     Generated innovative ideas,
dan Kompeten         improved ways of working, and
                                                                    by introducing relevant ideas and effective solutions.
                                                                 2. Continuously sought more efficient ways of working
Adaptive and         creative solutions to enhance efficiency,
                                                                    to deliver improved outcomes.
Competent            productivity, and overall work quality.
                                                                 3. Transformed challenges into opportunities for innovation.




                                                                 1. Aktif memberikan ide, masukan, atau solusi yang bermanfaat.
                     Collaborate for Result                      2. Menghargai pendapat orang lain dan bersedia bekerja sama
                                                                    untuk mencapai target bersama.
                     Proaktif dan saling bersinergi              3. Tidak menunggu diminta, tapi segera bertindak untuk perbaikan
                     untuk memberikan kontribusi                    kinerja.
                     dalam mencapai hasil yang terbaik.
Kolaboratif                                                      1. Proactively provided ideas, insights, and value-added solutions.
                     Demonstrated a proactive approach
dan Harmonis         and strong collaboration to contribute
                                                                 2. Respected others’ perspectives and demonstrated a willingness
                                                                    to collaborate in achieving shared targets.
Collaborative        toward achieving optimal outcomes.          3. Took initiative to act promptly in improving performance without
and Harmonious                                                      waiting for instructions.




                     Customer First, Always                      1. Peduli dengan kebutuhan nasabah dan membantunya hingga tuntas.
                                                                 2. Sudut pandang nasabah selalu menjadi pertimbangan dalam setiap
                     Senantiasa memberikan solusi
                                                                    pekerjaan.
                     untuk menjawab kebutuhan, harapan,
                                                                 3. Memberikan layanan yang melampaui harapan.
                     dan kepuasan nasabah/stakeholder.
Amanah               Consistently provided solutions
                                                                 1. Demonstrated a strong understanding of customer needs
                                                                    and provided support until resolution was achieved.
dan Harmonis         to address the needs, expectations,         2. Consistently incorporated the customer’s perspective into every
                     and satisfaction of customers and              aspect of work execution.
Trustworthy          stakeholders.                               3. Delivered services that exceeded expectations.
and Harmonious




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Company Profile




Kegiatan Usaha
Business Field


Kegiatan Usaha Menurut Anggaran                                Business Activities Based on
Dasar dan yang Dijalankan                                      The Articles of Association
                                                               and are Conducted

Berdasarkan Anggaran Dasar Bank Pasal 3 sebagaimana            Based on Article 3 of the Bank’s Articles of Association, as
terakhir termuat dalam Akta No. 05 tanggal 5 Mei 2025, Bank    most recently stipulated in Deed No. 05 dated May 5, 2025,
Mandiri Taspen didirikan dengan maksud dan tujuan untuk        Bank Mandiri Taspen was established with the purpose and
berusaha di bidang perbankan. Untuk mencapai maksud dan        objective of operating in the banking sector. Thus in accordance
tujuan tersebut, Bank dapat melaksanakan kegiatan usaha,       with that article, Bank Mandiri Taspen can carry out business
antara lain sebagai berikut:                                   activities as follows:
a. Menghimpun dana dari masyarakat dalam bentuk simpanan       a. Collect funds from the public in the form of current
    berupa giro, deposito berjangka, sertifikat deposito,          accounts, time deposits, certificates of deposit, saving
    tabungan, dan/atau bentuk lainnya yang dipersamakan            deposits, and/or other similar forms;
    dengan itu;
b. Memberikan kredit;                                          b.   Giving loans;
c. Menyelenggarakan kegiatan jasa dalam sistem pembayaran;     c.   Organizing service activities in the payment system;
d. Menerbitkan surat pengakuan hutang;                         d.   Issuance of debt securities;
e. Membeli, menjual atau menjamin atas risiko sendiri          e.   Purchase, sell or guarantee at its own risk or for the
    maupun untuk kepentingan dan atas perintah nasabahnya:          benefits and at the orders of its customers:
    • Surat-surat wesel termasuk wesel dan akseptasi                • The notes include bills of exchange and acceptances
         oleh bank yang masa berlakunya tidak lebih daripada            by banks which validity period does not take longer
         kebiasaan dalam perdagangan surat-surat dimaksud;              than the custom of the trading of such letters;
    • Surat pengakuan hutang dan kertas dagang lainnya              • Letter of credit recognition and other trade paper which
         yang masa berlakunya tidak lebih daripada kebiasaan            expires not longer than usual in the trade of such
         dalam perdagangan surat-surat dimaksud;                        letters;
    • Kertas perbendaharaan Negara dan surat jaminan                • State treasury notes and government guarantee
         pemerintah;                                                    letters;
    • Sertifikat Bank Indonesia (“SBI”);                            • Certificates of Bank Indonesia (“SBI”);
    • Obligasi;                                                     • Bonds;
    • Surat dagang berjangka waktu sesuai dengan                    • Trade letters are timed in accordance with applicable
         peraturan perudang-undangan yang berlaku;                      laws and regulations;
    • Instrumen surat berharga lain yang berjangka waktu            • Other securities instruments with a term in accordance
         sesuai dengan peraturan perundang-undangan yang                with applicable laws and regulations;
         berlaku;
f. Memindahkan uang baik kepentingan sendiri maupun            f. Transferring money for your own benefit or for the benefit
    untuk kepentingan nasabah;                                    of customers;
g. Menempatkan dana pada, meminjam dana dari, atau             g. Placing funds in, borrowing funds from, or lending funds to
    meminjamkan dana kepada Bank lain, baik dengan                another bank, either by using letters, telecommunications
    menggunakan surat, sarana telekomunikasi, maupun              facilities, or by means of drafts, checks or other means;
    dengan wesel ujuk, cek atau sarana lainnya;
h. Menerima pembayaran dari tagihan atas surat berharga        h. Accept payments from claims on securities and perform
    dan melakukan perhitungan dengan atau antara pihak            calculations with or between third parties;
    ketiga;
i. Menyediakan tempat untuk menyimpan barang dan surat         i.   Provide a place to store goods and securities;
    berharga;
j. Melakukan kegiatan penitipan untuk kepentingan pihak        j.   Conduct custodial activities for the benefit of others under
    lain berdasarkan suatu kontrak;                                 a contract;




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k. Melakukan penempatan dana dari nasabah kepada                 k.   Placing funds from customers to other customers in the
   nasabah lainnya dalam bentuk surat berharga yang tidak             form of securities not listed on the Stock Exchange;
   tercatat di Bursa Efek; dan
l. Melakukan kegiatan anjak piutang, usaha kartu kredit dan      l. Conducting accounts receivable, credit card business and
   kegiatan wali amanat; dan                                        trustee activities;
m. Melakukan kegiatan lain yang lazim dilakukan oleh             m. Carrying out other activities commonly carried out by
   bank sepanjang tidak bertentangan dengan peraturan               banks as long as they do not conflict with applicable laws
   perundang-undangan yang berlaku.                                 and regulations.


Selain melakukan kegiatan usaha sebagaimana dimaksud             Other than conducting business activities as referred to above,
di atas, Bank Mandiri Taspen dapat pula:                         Bank Mandiri Taspen may also:
a. Melakukan kegiatan penyertaan modal pada bank atau            a. Carrying out capital participation activities in banks or other
    perusahaan lain dibidang keuangan seperti sewa guna             companies in the financial sector such as leasing, venture
    usaha, modal ventura, perusahaan efek, asuransi, serta          capital, securities companies, insurance, and settlement
    lembaga kliring penyelesaian dan penyimpanan, dengan            and deposit clearing institutions, by complying with the
    memenuhi ketentuan yang ditetapkan oleh pihak yang              provisions stipulated by the competent authority;
    berwenang;
b. Melakukan kegiatan penyertaan modal sementara untuk           b. Conducting temporary equity participation activities to
    mengatasi akibat kegagalan kredit, dengan syarat harus          overcome the consequences of credit failure or financing
    menarik kembali penyertaannya, dengan memenuhi                  failure based on Sharia principles, provided that the
     ketentuan yang ditetapkan oleh pihak yang berwenang;           participation must be withdrawn, subject to the provisions
                                                                    stipulated by the competent authority;
c.   Membeli agunan, baik sebagian maupun semua, melalui         c. Purchasing collateral, either partially or completely,
     pelelangan atau dengan cara lain dalam hal debitur tidak       through an auction or by other means in the event that the
     memenuhi kewajibannya kepada bank, dengan ketentuan            debtor did not fulfill the obligations to the bank, provided
     agunan yang dibeli tersebut wajib dicairkan secepatnya;        that the purchased collateral must be cashed immediately;

Bank memperoleh izin usaha sebagai Bank Umum berdasarkan         The Bank obtained a business license as a Commercial Bank
Surat Keputusan Menteri Keuangan Republik Indonesia No. 77/      based on the Decree of the Minister of Finance of the Republic
KMK.017/1994 tanggal 10 Maret 1994 dan Surat Keputusan           of Indonesia No. 77/KMK.017/1994 dated March 10, 1994, and
Bank Indonesia No.27/63/UPBD/PBD2 tanggal 11 Mei 1994            Bank Indonesia Decree No.27/63/UPBD/PBD2 dated May 11,
perihal Pemberian Izin Usaha Bank Umum. Seluruh Kegiatan         1994, regarding the Granting of Commercial Bank Business
usaha menurut Anggaran Dasar telah dijalankan oleh Bank          Licenses. All business activities according to the Articles of
Mandiri Taspen.                                                  Association have been carried out by Bank Mandiri Taspen.



Produk dan Jasa                                                  Product and Services

Produk Dana                                                      Fund Products

•    Tabungan siMantap                                           •    siMantap Saving
     Tabungan untuk nasabah perorangan atau badan usaha               It is savings for individual customers or business entities
     dengan suku bunga kompetitif yang dihitung secara harian.        with competitive interest rates calculated on a daily basis.
     Tabungan ini dilengkapi dengan fasilitas ATM yang dapat          This savings account is equipped with ATM facilities that
     ditransaksikan di seluruh mesin ATM Bank Mandiri.                can be transacted on all Bank Mandiri ATM machines.


•    Tabungan siMantap Pensiun                                   •    siMantap Pension Savings
     Tabungan untuk nasabah pensiunan sebagai sarana untuk            It is a savings account for pensioner customers as a means
     menampung uang pensiunan dan gaji pensiunan setiap               to collect pension money and pensioners’ salaries each
     bulannya atas penunjukan Bank Mandiri Taspen sebagai             month for the appointment of the Bank Mandiri Taspen as
     Bank juru bayar gaji pensiunan. Sebagai bentuk apresiasi         a bank to pay retirement salaries. As a form of appreciation
     kepada nasabah pensiunan, tabungan ini dibebaskan dari           to pensioner customers, this savings is exempt from
     biaya administrasi dan dibebas saldo minimum dan tetap           administration fees and is deducted from the minimum
     memperoleh bunga tabungan yang dihitung secara harian.           balance and still obtains savings interest calculated on a
                                                                      daily basis.




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•   Tabungan siMantap Berjangka (TSB)                            •   siMantap Term Deposits (TSB)
    Tabungan berjangka dengan setoran wajib setiap bulan             It is a term deposit with a mandatory deposit every
    dengan jangka waktu yang fleksibel dengan tingkat bunga          month with a flexible term in a higher interest rate than
    yang lebih tinggi dari tabungan lainnya. Bertujuan untuk         other savings. This savings account aims to provide an
    memberi kesempatan kepada nasabah untuk menyisihkan              opportunity for customers to set aside their money every
    uangnya setiap bulan sehingga pada jangka waktu yang             month so that at a predetermined time period, the funds
    telah ditetapkan, dana yang terkumpul dapat dimanfaatkan         collected can be utilized according to plan.
    sesuai rencana.


•   Tabungan siMantap Reward (SMARD)                             •   siMantap Reward Savings (SMARD)
    Tabungan yang diperuntukan bagi Nasabah Perorangan               Savings intended for individual and corporate customers
    dan Badan yang berhadiah langsung berupa barang                  with direct prizes in the form of goods by giving the
    dengan memberikan keleluasaan kepada Nasabah untuk               customer the flexibility to choose the desired prize and
    menentukan hadiah yang diinginkan serta penarikannya             withdrawals can only be made at a certain time according
    hanya dapat dilakukan pada jangka waktu tertentu                 to the agreement between the bank and the customer.
    menurut perjanjian antara Bank dengan Nasabah.


•   Tabungan SMARD Funtastic                                     •   SMARD Funtastic Savings
    Produk Tabungan dalam mata uang Rupiah sebesar                   It is a savings product in Rupiah currency of a nominal
    nominal    selama    jangka     waktu   tertentu    yang         amount for a certain period of time held by the Bank
    diselenggarakan oleh Bank diperuntukkan bagi Nasabah             intended for Individual Customers. This product provides
    Perorangan yang memberikan benefit pembayaran bunga              the benefit of consistent interest payments with a fixed
    pasti dengan nominal tetap setiap bulannya selama jangka         nominal amount every month for a certain period of
    waktu tertentu berdasarkan kesepakatan antara Bank dan           time based on an agreement between the Bank and the
    Nasabah sebagai solusi bagi pensiunan untuk bebas kuatir         Customer. This is designed as a worry-free financial
    dalam masa pensiunnya.                                           solution for retirees during their retirement years.


•   TabunganKu                                                   •   TabunganKu
    TabunganKu adalah tabungan untuk perorangan Warga                TabunganKu is a savings for Indonesian citizen with easy
    Negara Indonesia dengan persyaratan mudah dan ringan             conditions that are jointly held by banks in Indonesia to
    yang diselenggarakan secara bersama oleh bank-bank di            foster a culture of saving and to improve people’s welfare.
    Indonesia guna menumbuhkan budaya menabung serta
    untuk meningkatkan kesejahteraan masyarakat.


•   Deposito                                                     •   Deposito
    Simpanan yang pencairannya hanya dapat dilakukan pada            It is a deposit that can only be disbursed for a certain
    jangka waktu tertentu dan syarat-syarat tertentu. Deposito       period of time and certain conditions. Bank Mandiri Taspen
    Bank Mandiri Taspen adalah simpanan berjangka dalam              deposits are term deposits in Rupiah with attractive interest
    mata uang Rupiah dengan bunga menarik dan beragam                and various other benefits.
    keuntungan lainnya.


•   Deposito Pro                                                 •   Deposito Pro
    Produk Deposito yang diintegrasikan dengan produk                Deposit products combined with life insurance products
    asuransi jiwa sehingga memberikan manfaat keamanan               to provide financial security benefits by providing death
    finansial dengan memberikan perlindungan jiwa meninggal          protection for individual customers.
    dunia bagi Nasabah perorangan.


•   Giro                                                         •   Current Account
    Dana pihak ketiga dalam Rupiah yang penarikannya                 Third-party funds in Rupiah can be withdrawn at any time
    dapat dilakukan setiap saat dengan menggunakan cek,              by using cheques, billet giro, other means of payment
    bilyet giro, sarana perintah pembayaran lainnya sesuai           orders following the provisions stipulated by Bank Mandiri
    ketentuan yang ditetapkan Bank Mandiri Taspen.                   Taspen.




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Produk Kredit                                                    Loan Product

•   Kredit Mikro                                                 •   Micro Loan
    - Kredit Serbaguna Mantap (KSM)                                  - Mantap Multipurpose Loans (KSM)
       Kredit serbaguna Mantap (KSM) adalah fasilitas                   Mantap Multipurpose Loans (KSM) is loan given to
       kredit yang diberikan kepada pegawai yang memiliki               employees who have a fixed income or permanent
       penghasilan tetap atau profesi tetap atau kepada                 profession or to certain target markets to finance
       target market tertentu untuk membiayai berbagai                  various kinds of needs.
       macam kebutuhannya.


    -   Kredit Serbaguna Mantap Perjanjian Kerja Waktu               -   Mantap Multipurpose Loan for Fixed Term Contract
        Tertentu (KSM-PKWT)                                              Agreement (KSM-PKWT)
        Kredit multiguna yang diberikan kepada Pegawai                   Multi-purpose loan provided to Fixed Term Contract
        Perjanjian Kontrak Waktu Tertentu (PKWT) dan                     Agreement (PKWT) Employees and requires that
        mempersyaratkan Instansi/perusahaan/calon debitur                Agencies/ companies/potential debtors must use Bank
        wajib menggunakan layanan Payroll Bank minimal                   Payroll services at least until the loan is paid off for
        sampai dengan kredit lunas untuk tujuan konsumsi.                consumption purposes.


    -   Kredit Usaha Mantap (KUM)                                    -   Mantap Business Loans (KUM)
        Kredit Usaha Mantap (KUM) adalah fasilitas kredit yang           Mantap Business Loans (KUM) is loan given to micro
        diberikan kepada pengusaha mikro untuk membiayai                 entrepreneurs to finance productive business needs for
        kebutuhan usaha produktif baik untuk kebutuhan                   both investment needs and working capital needs.
        investasi maupun kebutuhan modal kerja.


    -   Kredit Komunitas Mantap (KKM)                                -   Mantap Community Loans (KKM)
        Kredit Komunitas Mantap (KKM) adalah fasilitas kredit            Mantap Community Loans (KKM) is loan given to
        yang diberikan kepada anggota suatu komunitas usaha              members of a business community or professional
        atau organisasi profesi melalui pola kerjasama untuk             organization through a pattern of cooperation to
        membiayai berbagai macam kebutuhannya.                           finance various kinds of needs.


    -   Kredit Mantap Sejahtera (KMS)                                -   Mantap Prosperous Loans (KMS)
        Kredit Mantap Sejahtera (KMS) adalah kredit yang                 Mantap Prosperous Loans (KMS) is a loan given to
        diberikan untuk Pegawai Bank Mandiri Taspen dengan               employees of Bank Mandiri Taspen with the purpose of
        tujuan penggunaan untuk pembelian rumah, renovasi                using it to buy a house, renovate a house or purchase
        rumah atau pembelian tanah/kavling siap bangun.                  land/lots ready to build.


    -   Kredit Usaha Rakyat (KUR) Mikro                              -   People’s Business Loans (KUR) Micro
        Kredit Usaha Rakyat (KUR) Mikro adalah kredit/                   People’s Business Loans (KUR) Micro is credit/
        pembiayaan modal kerja dan/atau investasi kepada                 financing of working capital and/or investment to
        debitur individu/perseorangan, badan usaha dan/                  individual/individual debtors, business entities and/or
        atau kelompok usaha mikro yang produktif dan layak               microbusiness groups that are productive and feasible
        namun belum memiliki agunan tambahan atau agunan                 but do not have additional collateral or insufficient
        tambahan belum cukup.                                            additional collateral.


•   Kredit Retail                                                •   Retail Loan
    - Kredit Modal Kerja Retail Mantap (KMK-RM)                      - Retail Working Capital Credit Mantap (KMK-RM)
       Kredit Modal Kerja Retail Mantap (KMK-RM) adalah                 Retail Working Capital Credit Mantap (KMK-RM) is a
       fasilitas kredit yang diberikan kepada pengusaha                 credit facility that is given to individual entrepreneurs
       perorangan maupun berbentuk badan usaha untuk                    or business entities to finance the company’s working
       membiayai modal kerja perusahaan yang habis dalam                capital that runs out in one business cycle and can be
       satu siklus usaha dan dapat diperpanjang sesuai                  extended as needed, a maximum credit period of 120
       kebutuhan , jangka waktu kredit maksimal 120 bulan               months with a limit of above IDR200 million to IDR5
       dengan limit diatas Rp200 juta sampai dengan Rp5                 billion.
       miliar.




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    -   Kredit Investasi Retail Mantap (KI-RM)                         -   Retail Investment Credit Mantap (KI-RM)
        Kredit Investasi Retail Mantap (KI –RM) adalah fasilitas           Retail Investment Credit Mantap (KI-RM) is a credit
        kredit yang diberikan kepada pengusaha perorangan                  facility that is given to individual entrepreneurs or
        maupun berbentuk badan usaha untuk membiayai                       business entities to finance capital goods in the
        barang – barang modal dalam rangka rehabilitasi,                   context of rehabilitation, expansion, establishment of
        perluasan, pendirian proyek baru yang pelunasannya                 new projects with repayment of proceeds from capital
        dari hasil usaha dengan barang modal yang dibiayai,                goods financed, maximum credit period of 120 months
        jangka waktu kredit maksimal 120 bulan dengan limit                with a limit of more than IDR200 million up to IDR5
        diatas Rp200 juta sampai dengan Rp5 miliar.                        billion.


    -   Kredit Konsumtif Retail Mantap (KK-RM)                         -   Retail Consumptive Credit Mantap (KK-RM)
        Kredit Konsumtif Retail Mantap (KK-RM) adalah kredit               Retail Consumptive Credit Mantap (KK-RM) is credit
        yang diberikan kepada perorangan untuk keperluan                   given to individuals for multipurposes (not business),
        multiguna (bukan usaha), jangka waktu kredit                       a maximum credit period of 120 months with a limit of
        maksimal 120 bulan dengan limit diatas diatas Rp200                above IDR200 million to IDR5 billion.
        juta sampai dengan Rp5 miliar.


•   Kredit Pensiun                                                 •   Pension Loan
    - Kredit Mantap Pensiun (KMP)                                      - Mantap Pension Loans (KMP)
       Kredit Mantap Pensiun (KMP) adalah fasilitas kredit                Mantap Pension Loans (KMP) is loan given to
       yang diberikan kepada pensiunan untuk tujuan                       pensioners for multipurpose consumptive purposes
       konsumtif multiguna dengan angsuran tetap mencakup                 with fixed installments covering principal and interest
       pokok dan bunga dimana angsuran dibayar selama                     where installments are paid for a certain period in
       periode tertentu sesuai dengan yang diperjanjikan                  accordance with the agreed upon source of payment
       dengan sumber pembayaran dari gaji pensiun bulanan.                from monthly retirement salary.

    -   Kredit Mantap Pra Pensiun (KMPP)                               -   Mantap Pre-Pension Loans (KMPP)
        Kredit Mantap Pra pensiun (KMPP) adalah fasilitas                  Mantap Pre-Pension Loans (KMPP) is the loan given to
        kredit yang diberikan kepada PNS, Anggota TNI, POLRI,              civil servants, members of the TNI, POLRI, TNI/POLRI
        Pegawai Sipil TNI/POLRI yang akan memasuki Batas                   Civil Servants who will enter a continuous Pension
        Usia Pensiun (BUP) yang bersambungan dengan masa                   Age Limit (BUP) with the pension and payment of
        pensiun dan pembayaran Gaji Pensiun melalui Bank.                  Retirement Salaries through the Bank.

    -   New Kredit Mantap Pra Pensiun (New KMPP)                       -   New Mantap Pre-Pension Loan (New KMPP)
        Fasilitas kredit yang diberikan kepada BUP dan                     Loan facilities provided to BUP and continued
        dilanjutkan ke masa pensiun untuk tujuan konsumsi                  into retirement for consumption purposes with
        dengan angsuran tetap mencakup pokok dan bunga,                    fixed installments covering principal and interest.
        dimana angsuran dibayar dari gaji pegawai aktif dan                Repayments are made through deductions from active
        manfaat pensiun bulanan selama periode tertentu                    employee salaries and monthly pension benefits for a
        sesuai yang diperjanjikan.                                         certain period as agreed.


    -   Kredit Mantap Pra Pensiun Usaha (KMPP Usaha)                   -   Mantap Pre-Pension Business Loans (KMPP Usaha)
        Kredit Mantap Pra Pensiun Usaha (KMPP Usaha)                       Mantap Pre-Pension Business Loans (KMPP Usaha)
        adalah fasilitas kredit yang diberikan kepada Pegawai              is loan facility provided to Civil Servants (PNS), TNI/
        Negeri Sipil (PNS), Anggota TNI/POLRI, dan Pegawai                 POLRI Members, and TNI/POLRI Civil Servants who
        Sipil TNI/POLRI yang akan memasuki Batas Usia                      will enter the Retirement Age Limit (BUP) and continue
        Pensiun (BUP) dan dilanjutkan ke masa pensiun untuk                into retirement for capital purposes business, with
        tujuan modal usaha, dengan angsuran tetap mencakup                 fixed installments including principal and interest
        pokok dan bunga dimana angsuran dibayar selama                     wherein the installments are paid for a certain period
        periode tertentu sesuai dengan yang diperjanjikan.                 in accordance with the agreement.




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    -   New Kredit Mantap Pra Pensiun Usaha                         -   New Mantap Pre-Pension Business Loan
        (New KMPP Usaha)                                                (New KMPP Usaha)
        Fasilitas kredit yang diberikan kepada BUP dan                  Loan facilities provided to BUP and continued into
        dilanjutkan ke masa pensiun untuk tujuan modal kerja/           retirement for working capital/business purposes with
        usaha dengan angsuran tetap mencakup pokok dan                  fixed installments covering principal and interest. The
        bunga, dimana angsuran dibayar dari gaji pegawai                installments are paid from active employee salaries,
        aktif, manfaat pensiun bulanan, dan pendapatan usaha            monthly pension benefits, and business income during
        selama periode tertentu sesuai yang diperjanjikan.              a certain period as agreed.


    -   Kredit Mantap Usaha Pensiun (KMUP)                          -   Mantap Pension Business Loans (KMUP)
        Kredit Mantap Usaha Pensiun (KMUP) adalah fasilitas             Mantap Pension Business Loans (KMUP) is loan given
        kredit yang diberikan kepada wirausaha yang memiliki            to entrepreneurs who have additional income from
        tambahan penghasilan dari Gaji Pensiun untuk tujuan             Retirement Salaries for the purpose of business capital
        modal usaha dengan angsuran tetap mencakup pokok                with fixed installments covering principal and interest
        dan bunga dimana angsuran dibayar selama periode                where installments are paid for a certain period in
        tertentu sesuai dengan yang diperjanjikan dengan                accordance with the agreed upon with sources of
        sumber pembayaran dari hasil usaha dan Gaji Pensiun             payment from business income and monthly Pension
        bulanan.                                                        Salaries.


•   Kredit Agunan Tunai                                         •   Cash Collateral Loan
    Kredit dengan Agunan Tunai adalah fasilitas kredit yang         Loan with Cash Collateral is a credit facility provided to
    diberikan kepada nasabah perorangan, usaha perorangan           individual customers, individual businesses or business
    atau badan usaha dengan agunan Deposito Bank Mandiri            entities with Bank Mandiri Taspen Deposit collateral.
    Taspen.


•   Kredit Tanpa Agunan                                         •   Unsecured Loans
    - Kredit Tanpa Agunan Pegawai Tetap Aktif                       - Non-Collateral Loan for Permanent Active Employees
       Kredit yang diberikan kepada Pegawai Aktif PNS,                 Loan given to Active Civil Servants, TNI/POLRI
       Anggota TNI/POLRI, Pegawai Sipil TNI/POLRI, dan                 Members, TNI/POLRI Civil Servants, and BUMN/
       Pegawai BUMN/BUMD/Swasta yang berstatus                         BUMD/Private Company Employees who have
       pegawai tetap untuk membiayai berbagai macam                    permanent employee status to finance various kinds of
       kebutuhannya.                                                   needs.


    -   Kredit Tanpa Agunan Pegawai Kontrak Aktif                   -   Non-Collateral Loan for Active Contract Employees
        Kredit yang diberikan kepada Pegawai Pemerintah                 Loan given to Government Employees with Work
        dengan Perjanjian Kerja (PPPK), Pegawai Pemerintah              Agreements (PPPK), Non-Civil Servant Government
        Non Pegawai Negeri (PPNPN), Pegawai Penyedia                    Employees (PPNPN), Individual Other Service
        jasa Lainnya Perorangan (PJLP) dan Pegawai BUMN/                Provider Employees (PJLP) and BUMN/BUMD/Private
        BUMD/Swasta yang berstatus pegawai kontrak untuk                Employees who have contract employee status to
        membiayai berbagai macam kebutuhannya.                          finance various kinds of needs.


•   Kredit Kendaraan Bermotor Joint Financing                   •   Joint Financing Motor Vehicle Loan
    Fasilitas kredit kepemilikan kendaraan bermotor yang            Motor vehicle ownership loan facilities provided by
    diberikan oleh Multifinance dan Bank melalui pola               Multifinance and Banks through a financing pattern (joint
    pembiayaan (joint finance) sesuai dengan porsi pembiayaan       finance) in accordance with the agreed financing portion.
    yang disepakati.




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Profil Perusahaan
Company Profile




Jasa Layanan                                                          Services

•   Mantap Cash Management                                            •   Mantap Cash Management
    Mantap Cash Management adalah layanan pengelolaan                     Mantap Cash Management is a financial management
    keuangan yang ditujukan bagi Nasabah non-perorangan                   service intended for non-individual customers (institutions)
    (institusi) dimana, Nasabah dapat melakukan pengelolaan               where customers can manage their finances directly
    keuangannya langsung melalui fasilitas online secara real-            through real- time online facilities via web applications.
    time melalui web aplikasi. Fitur Mantap Cash Management               Mantap Cash Management features include:
    antara lain:
    a. Informasi Rekening. Nasabah mendapatkan informasi                  a. Account Information. Customers get account
         rekening dan transaksi perusahaan yang meliputi                     information and company transactions which include
         rekening koran dan posisi saldo per rekening kelolaan               current accounts and balance positions per registered
         perusahaan yang didaftarkan serta laporan rekening                  company managed account and institutional account
         Institusi yang dapat diunduh dalam format pdf.                      reports that can be downloaded in a pdf format.
    b. Transfer. Memberikan akses untuk melakukan aktivitas               b. Transfer. Provides access to conduct outgoing transfer
         transfer keluar, yaitu pemindahan dana dari satu                    activities, namely the transfer of funds from one account
         rekening ke rekening lainnya di Bank Mantap serta                   to another at Bank Mantap as well as remittances to
         pengiriman uang ke rekening Bank domestik (transfer                 domestic bank accounts (online transfers, SKN/RTGS,
         online, SKN/RTGS, BIFast).                                          BIFast).
    c. Payroll. Nasabah dapat melakukan pembayaran gaji/                  c. Payroll. Customers can make salary/wage payments
         upah untuk karyawannya dengan mudah menggunakan                     for their employees easily using a security mechanism
         mekanisme pengamanan terhadap perubahan data                        against changes in wage data and the sustainability
         upah dan kesesuaian nomor rekening serta nama                       of account numbers and names of account holders.
         dari pemilik rekening. Saat ini mengakomodir payroll                Currently accommodating payroll with Bank Mandiri
         dengan rekening tujuan Bank Mandiri Taspen (one to                  Taspen destination account (one to many bulk
         many bulk payment).                                                 payment).
    d. Pembayaran pajak, memberikan kemudahan Nasabah                     d. Tax payment. Providing convenience for customers
         guna memenuhi kewajiban pembayaran pajak (DJA,                      to fulfill tax payment obligations (DJA, DGT, DGCE),
         DJP, DJBC), Penerimaan negara yang dibayarkan                       state revenues paid using the MPN G3 billing system
         menggunakan sistem billing MPN G3 antara lain:                      include: Taxes, Customs and Excise, Non-Tax State
         Pajak, Bea dan Cukai, Penerimaan Negara Bukan                       Revenue (NTSR), Expenditure Refunds, Non-Budgetary
         Pajak (PNBP), Pengembalian Belanja, Penerimaan Non                  Revenue, and Financing Revenue.
         Anggaran, dan Penerimaan Pembiayaan.


•   Movin by Bank Mandiri Taspen                                      •   Movin by Bank Mandiri Taspen
    Movin by Bank Mandiri Taspen merupakan layanan                        Movin by Bank Mandiri Taspen is an electronic channel
    elektronik chanel dari Bank untuk melakukan transaksi                 service from the bank to conduct financial and non-financial
    finansial dan non finansial dengan fitur-fitur seperti cek            transactions with features such as checking balances,
    saldo, transfer, tranfer BI Fast, bayar tagihan, top up               transfers, BI Fast transfers, paying bills, topping up
    e-wallet, beli pulsa dan token listrik, tarik tunai di merchant       e-wallets, buying credit and electricity tokens, withdrawing
    yang telah bekerjasama, dan lainnya seperti cek deposito,             cash at merchants who have collaborated, and others such
    lokasi ATM dan lokasi kantor Cabang serta absen pensiun               as checking deposits, ATM locations and branch office
    bagi nasabah pensiunan.                                               locations and pension absences for retired customers.


•   Referensi Bank                                                    •   Bank’s Reference
    Surat keterangan yang diterbitkan oleh Bank Mandiri                   It is certificate issued by Bank Mandiri Taspen at the
    Taspen atas dasar permintaan nasabah perorangan                       request of individual or corporate customers for certain
    maupun perusahaan untuk tujuan tertentu yang bersifat                 purposes that are non-binding, non-promising and provide
    tidak mengikat, tidak menjanjikan dan tidak memberikan                no guarantee as a reference that the customer is well
    jaminan sebagai referensi bahwa nasabah dikenal baik                  known by the bank (customer bona fides).
    oleh bank (bonavitas nasabah).




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                                                                                                    PT Bank Mandiri Taspen




•   Transfer                                                  •   Transfer
    Jasa pengiriman uang yang dilaksanakan atas permintaan        Money transfer services carried out on request and for
    dan untuk kepentingan nasabah. Untuk memberikan               the benefit of customers to provide convenience in money
    kemudahan dalam transaksi pengiriman uang/pembayaran          transfer/ payment transactions in rupiah currency at
    dalam mata uang rupiah dengan biaya yang kompetitif.          competitive costs.


•   Layanan Pembayaran (Online Payment)                       •   Payment Service (Online Payment)
    Layanan Pembayaran Bank Mandiri Taspen dapat                  Bank Mandiri Taspen Payment Services can be carried out
    dilakukan di seluruh Kantor Cabang Bank Mandiri Taspen,       at all Bank Mandiri Taspen branch offices so that customers
    agar nasabah dapat melakukan pembayaran tagihan pasca         can make postpaid bill payments as well as purchase
    bayar maupun pembelian token listrik prabayar dan pulsa       prepaid electricity tokens and cellular phone credit.
    telepon seluler.


•   Inkaso                                                    •   Inkaso
    Layanan Bank Mandiri Taspen untuk penagihan                   Bank Mandiri Taspen services for billing payments for
    pembayaran atas surat/​  dokumen berharga kepada              valuable letters/documents to third parties in other
    pihak ketiga di tempat atau kota lain di dalam negeri         places or cities in the country by providing convenience
    dengan memberikan kemudahan kepada Nasabah dalam              to Customers in collecting payments for documents at
    penagihan pembayaran atas warkat-warkat dengan biaya          competitive costs.
    yang kompetitif.


•   Agen Penjual Efek Reksa Dana                              •   Mutual Fund Selling Agent
    Kerja sama dengan Mandiri Sekuritas untuk Sub Mitra           Collaboration with Mandiri Sekuritas for Sub Distribution
    Distribusi Penjualan Surat Berharga Negara (SBN) Ritel.       Partners for Retail Government Securities (SBN) Sales. The
    Produk yang ditawarkan adalah Sukuk Ritel (SR) seri           products offered are Retail Sukuk (SR) SR017 series, Retail
    SR017, Obligasi Negara Ritel (ORI) seri ORI022, Sukuk         State Bonds (ORI) ORI022 series, Retail Sukuk (ST) ST009
    Ritel (ST) seri ST009.                                        series.


•   QRIS Acquirer                                             •   QRIS Acquirer
    QRIS Acquirer adalah layanan pembayaran non tunai pada        QRIS Acquirer is a non-cash payment service for merchants
    merchant agar customernya dapat melakukan pembayaran          that their customers can make payments using Bank
    menggunakan scan QRIS terstandarisasi Bank Indonesia          Indonesia standardized QRIS scans that are generated
    yang di generate secara dinamis maupun statis.                dynamically or statically.


•   Virtual Account                                           •   Virtual Account
    Layanan produk yang berfungsi untuk mempermudah               A product service that serves to facilitate merchants in
    merchant dalam melakukan rekonsiliasi pembayaran.             reconciling payments. Virtual Account Number is an account
    Nomor Virtual Account adalah nomor rekening atau              number or unique identification that has a parent account
    identifikasi unik yang memiliki induk rekening dan            and used to conduct financial transactions, especially in the
    digunakan untuk melakukan transaksi keuangan, terutama        context of non-cash or electronic transactions.
    dalam konteks transaksi non-tunai atau elektronik.


•   WhatsApp Banking                                          •   WhatsApp Banking
    Layanan Bank Mandiri Taspen untuk memberikan informasi        A Services to provide information to customers to find out
    kepada nasabah untuk dapat mengetahui informasi produk        information on Bank Mandiri Taspen products and services.
    dan layanan Bank Mandiri Taspen. Layanan WhatsApp             WhatsApp Banking service can be accessed via WhatsApp
    Banking dapat diakses melalui WhatsApp Messenger              Messenger using a smartphone or tablet.
    menggunakan smartphone atau tablet




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Company Profile




                                  DISTRIBUTION 1


                                                                                                                                     DISTRIBUTION 8




                                               DISTRIBUTION 2


                                                                                                  DISTRIBUTION 4
                                                                                                                                     DISTRIBUTION 6




                                                           DISTRIBUTION 3




Wilayah Operasional                                                                                                             DISTRIBUTION 5


Operational Area

Tabel Jaringan Kantor Bank Mandiri Taspen 5 (Lima) Tahun Terakhir
Table of the Last 5 Years Bank Mandiri Taspen’s Office Network


                            Jenis Kantor
                                                                             2025              2024               2023               2022              2021
                             Office Type

     Kantor Pusat Operasional
                                                                                 1                 1                  1                 1                  1
     Operational Headquarters

     Koordinator Wilayah
                                                                                 9                 9                  9                 7                  5
     Regional Coordinator

     Kantor Cabang
                                                                               39                 39                39                 40                 41
     Branch Office

     Kantor Cabang Pembantu
                                                                              250               250                251                247               240
     Sub-branch Office

*
     Sesuai Peraturan otoritas Jasa Keuangan (POJK) Nomor 12/POJK.03/2021 tentang Bank Umum, Kantor kas dan Kantor Cabang Pembantu Mobile dicatatkan sebagai KCP.
**
     Pada tahun 2016 Bank Mandiri Taspen mulai memanfaatkan jaringan ATM Bank Mandiri.
*
     In accordance with OJK Regulation Number 12/POJK.03/2021 concerning Commercial Banks, Cash Offices and Mobile Sub-Branch Offices are registered as KCP.
**
     In 2016 Bank Mandiri Taspen began to utilize the Bank Mandiri ATM network.




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                                                                                                                                            PT Bank Mandiri Taspen




                                                                            DISTRIBUTION 9




   DISTRIBUTION 7




                            Jenis Kantor
                                                                                2025                2024                2023                2022                2021
                             Office Type

 Kantor Kas*
                                                                                      -                   -                   -                   -                    -
 Cash Office*

 Kantor Fungsional
                                                                                      1                   1                   1                   3                    3
 Functional Office

 Kantor Cabang Pembantu Mobile*
                                                                                      -                   -                   -                148                 148
 Mobile Sub-Branch Office*

 ATM**                                                                         12,972              12,892              15,344              13,068              15,344

Keterangan: Bersamaan dengan pemindahan alamat Kantor Pusat Ke Jakarta dari Bali, Ijin KPO dipisah menjadi KP dan KC sesuai dengan ketentuan pemindahan alamat KP.
Note: in conjunction with the relocation of the Head Office address to Jakarta from Bali, the KPO license was separated into Head Office (HO) and Branch Office (BO)
in accordance with the KP address transfer provisions.




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Data Jaringan Kantor per Provinsi Tahun 2025
Table of Office Network Data per Province in 2025

                                                                          Izin Kantor
                                    Provinsi                             Office Permit
    Distribution
                                    Province
                                                              KPO   KC   KCP             KF       Grand Total

 Distribution 1      Nanggroe Aceh Darussalam                  -    -       -            -              -

                     Sumatera Utara /North Sumatera            -    2      14                          16

                     Sumatera Barat / West Sumatera            -    1       7            -              8

                     Riau                                      -    1       6            -              7

                     Kepulauan Riau / Riau Islands             -    1       1            -              2

 Distribution 2      Jambi                                     -    1       4            -              5

                     Bengkulu                                  -    1       4            -              5

                     Sumatera Selatan / South Sumatera         -    1       6            -              7

                     Lampung                                   -    1       6            -              6

                     Bangka Belitung                           -    -       2            -              2

 Distribution 3      DKI Jakarta (Jabodetabek)                 1    1      10                          12

                     Banten                                    -    1       5            -              6

                     Jawa Barat / West Java                    -    1       7            -              8

 Distribution 4      Jawa Barat / West Java                    -    3      24            -             27

 Distribution 5      Daerah Istiwewa Yogyakarta
                                                               -    1       5            -              6
                     Special Region of Yogyakarta

                     Jawa Tengah / Central Java                -    4      30            -             34

 Distribution 6      Jawa Timur / East Java                    -    4      35            -             39

 Distribution 7      Bali                                      -    2      21            1             24

                     Nusa Tenggara Barat                       -    1       6            -              7

                     Nusa Tenggara Timur                       -    1       7            -              8

 Distribution 8      Kalimantan Barat / West Kalimantan        -    1       5            -              6

                     Kalimantan Selatan / South Kalimantan     -    1       4            -              5

                     Kalimantan Tengah / Central Kalimantan    -    1       4            -              5

                     Kalimantan Timur / East Kalimantan        -    1       3            -              4

                     Kalimantan Utara / North Kalimantan       -    -       2            -              2




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                                                                                                            PT Bank Mandiri Taspen




                                                                                         Izin Kantor
                                     Provinsi                                           Office Permit
    Distribution
                                     Province
                                                               KPO           KC          KCP            KF         Grand Total

 Distribution 9       Sulawesi Utara/ North Sulawesi            -             1              4          -                5

                      Gorontalo                                 -              -             1          -                1

                      Sulawesi Barat / West Sulawesi            -              -             2          -                2

                      Sulawesi Selatan / South Sulawesi         -             1              9          -               10

                      Sulawesi Tengah/ Central Sulawesi         -             1              4          -                5

                      Sulawesi Tenggara/ Southeast Sulawesi     -             1              4          -                5

                      Maluku                                    -             1              2          -                3

                      Maluku Utara/ North Maluku                -              -             1          -                1

                      Papua Barat Daya/ Southwest Papua         -              -             -          -                 -

                      Papua Barat / West Papua                  -             1              1          -                2

                      Papua                                     -             1              2          -                3

                      Papua Pegunungan/ Highland Papua          -              -             -          -                 -

                      Papua Selatan/ South Papua                -              -             1          -                1

 GRAND TOTAL                                                    1            39           250           1              291


KPO : Kantor Pusat Operasional                                      KCP : Kantor Cabang Pembantu
		 Operational Headquarters                                         		 Sub-branch Office

KC : Kantor Cabang                                                  KF : Kantor Fungsional
		 Branch Office                                                    		 Functional Office




Inovasi Outlet dan ATM                                              Outlet and ATM Innovation

Sejalan dengan pengembangan bisnis yang telah direncanakan          In line with the business development that has been planned,
Bank Mandiri Taspen terus berupaya meningkatkan strategi            Bank Mandiri Taspen continues to improve its marketing
pemasarannya dengan melakukan terobosan dan inovasi                 strategy by making breakthroughs and innovations in terms of
dari segi produk maupun pelayanan dengan berusaha                   products and services by trying to accommodate all customer
mengakomodir segala kebutuhan nasabah. Salah satu                   needs. One of Bank Mandiri Taspen's breakthroughs is
terobosan Bank Mandiri Taspen yaitu melaksanakan inovasi            implementing outlet innovation.
outlet.


Dari segi tampilan outlet Bank Mandiri Taspen mengalami             In terms of appearance, Bank Mandiri Taspen outlets
transformasi yang signifikan dibandingkan sebelumnya dengan         experiences a significant transformation compared to the
menyesuaikan pada target nasabahnya, salah satunya nasabah          previous one by adjusting their target customers, one of whom
pensiunan, sehingga outlet di desain menyesuaikan kebutuhan         is pension customers, so that the outlet is designed to adjust
pensiunan. Bank Mandiri Taspen telah memberikan layanan             the needs of pensioners. Bank Mandiri Taspen has provided
ruang kesehatan yang dilengkapi dengan tempat tidur periksa,        health room services equipped with check beds, wheelchairs,
kursi roda, tabung oksigen, obat-obatan dan sarana kesehatan        oxygen cylinders, medicines and other health facilities to serve
lainnya untuk melayani nasabah pada waktu tertentu. Di              customers at certain times. In addition, the design of furniture
samping itu, design furniture menggunakan soft tase color,          uses a soft tase color, ergonomic design, the chair which is not
desain ergonomis, kursi tidak terlalu rendah dan empuk              too low and soft, making it easier for pension custormers to
sehingga memudahkan nasabah pensiunan untuk beraktivitas            move and provide comfort.
dan memberikan rasa nyaman.




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Company Profile




Bank Mandiri Taspen juga menyiapkan fasilitas Graha Mantap,        Bank Mandiri Taspen also prepares Graha Mantap facilities,
yaitu berupa fasilitas tempat yang disediakan bagi para            which was a place provided for retirees to carry out
pensiunan untuk melakukan kegiatan otentifikasi dengan             authentication activities comfortably and can be used as a
nyaman dan bisa dimanfaatkan sebagai tempat kegiatan-              venue for retirees’ activities.
kegiatan para pensiunan.


Bank Mandiri Taspen juga telah menyediakan toilet disabilitas      Bank Mandiri Taspen has also provided disability toilets
yang didesain bagi nasabah yang berkebutuhan khusus. Toilet        designed for customers with special needs. The toilet is
didesain dengan lebar, akses sesuai ukuran kursi roda dan          designed with a wide, access to the size of a wheelchair and
pendamping, dilengkapi dengan railing pengaman di dinding.         companion, equipped with a safety railing on the wall.


Terkait dengan jaringan ATM, sejak tahun 2016 Bank                 With regard to the ATM network, since 2016, Bank Mandiri
Mandiri Taspen bekerja sama dengan Bank Mandiri untuk              Taspen has collaborated with Bank Mandiri to utilize Bank
memanfaatkan jaringan ATM Bank Mandiri, dengan demikian            Mandiri’s ATM network. Accordingly, Bank Mandiri Taspen
nasabah Bank Mandiri Taspen dapat menggunakan Switching            customers were able to use Bank Mandiri’s switching system,
Bank Mandiri agar Pemegang kartu ATM Bank Mandiri Taspen           enabling holders of Bank Mandiri Taspen ATM cards (Issuer) to
(Issuer) dapat bertransaksi di mesin ATM BMRI (Acquirer) yang      conduct transactions at Bank Mandiri ATM machines (Acquirer),
berjumlah 15.344 buah di seluruh Indonesia dan Terdapat            totaling 15,344 units across Indonesia. In addition, 78 Bank
78 cabang Bank Mandiri Taspen yang difasilitasi dengan             Mandiri Taspen branches were equipped with Bank Mandiri
Mesin ATM Bank Mandiri, Sedangkan untuk Transaksi bisa             ATM machines. Transactions could also be conducted through
menggunakan seluruh Jaringan ATM Mandiri, ATMB dan ATM             the entire Bank Mandiri ATM network, ATM Bersama, and ATM
Merah putih. Dasar perjanjian kerjasama tersebut tertuang          Merah Putih networks. The basis for this collaboration was set
dalam perjanjian No. DBT.TBR/PKS/011/2016 dan No. DIR.             out in Cooperation Agreements No. DBT.TBR/PKS/011/2016
PKS/021B/IV/2016 tanggal 4 April 2016 dan terakhir di              and No. DIR.PKS/021B/IV/2016 dated April 4, 2016, and
addendum dengan Perjanjian Kerja Sama No. DIR.ADD/006/             most recently amended through Addendum Cooperation
IV/2021 dan No. JRB.TBR/PKS/TBB.147/2021 tanggal 05 April          Agreements No. DIR.ADD/006/IV/2021 and No. JRB.TBR/PKS/
2021. Dengan adanya sinergi tersebut Bank Mandiri Taspen           TBB.147/2021 dated April 5, 2021. Through this synergy,
menutup seluruh ATM Bank Mandiri Taspen.                           Bank Mandiri Taspen subsequently closed all of its own ATM
                                                                   machines.



Mandiri Agen                                                       Mandiri Agent

Mandiri Agen merupakan kerjasama dengan Bank Mandiri               Mandiri Agent is a collaboration with Bank Mandiri in providing
dalam menyediakan layanan keuangan dan kemudahan akses             financial services and easy access to transactions through
transaksi melalui Mandiri Agen bagi nasabah Bank Mandiri           Mandiri Agent for Bank Mandiri Taspen customers. The target
Taspen. Target Pengguna dalam Mandiri Agen ini adalah              users of this Mandiri Agent are Bank Mandiri Taspen customers
Nasabah Bank Mandiri Taspen yang memiliki Kartu Debit.             who have Debit Cards. Implementation areas of Mandiri Agents
Wilayah Implementasi dari Mandiri Agen seluruh Indonesia.          include all Mandiri Agents throughout Indonesia. Currently, all
Saat ini seluruh nasabah Bank Mandiri Taspen yang telah            Bank Mandiri Taspen customers who have a debit card with a
memiliki kartu debit dengan lokasi jauh dari Cabang dapat          remote location from the branch can utilize the Mandiri Agent
memanfaatkan jaringan Mandiri Agen kelolaan Bank Mandiri           network managed by Bank Mandiri for financial transactions
untuk bertransaksi keuangan seperti tarik tunai, transfer, serta   such as cash withdrawals, transfers, and payments and
pembayaran dan pembelian.                                          purchases.




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                                                                                                  PT Bank Mandiri Taspen




Daftar Keanggotaan Asosiasi
List of Association Membership


Sebagai lembaga jasa keuangan, Bank Mandiri Taspen           As a financial services institution, Bank Mandiri Taspen joined
bergabung dan aktif di berbagai asosiasi atau lembaga yang   and was active in various associations or institutions relevant
relevan dengan bisnis utama Perusahaan. Dengan demikian,     to the Company’s main business. Thus, the Bank could follow
Bank bisa mengikuti perkembangan, isu atau topik terbaru,    the latest developments, issues or topics, as well as exchange
serta saling bertukar informasi dan memberikan saran/        information and provide suggestions/input for mutual progress.
masukan untuk kemajuan bersama. Selama tahun 2025, Bank      During 2025, Bank Mandiri Taspen joined the following
Mandiri Taspen bergabung di asosiasi/perhimpunan/lembaga     associations/ associations/institutions:
nasional berikut:
1. Badan Musyawarah Perbankan Daerah (BMPD) Bali             1.  BMPD (Regional Banking Consultative Body) Bali
2. Perbanas                                                  2.  Perbanas
3. Ikatan Bankir Indonesia (IBI)                             3.  Indonesian Bankers Association (IBI)
4. Badan Musyawarah Perbankan Daerah (BMPD)                  4.  Regional Banking Consultative Body (BMPD)
5. Forum Komunikasi Lembaga Jasa Keuangan (FKLJK)            5.  Communication Forum for Financial Services Institutions
                                                                 (FKLJK)
6.  Lembaga Alternatif Penyelesaian Sengketa Perbankan       6. Alternative Indonesian Banking Dispute Resolution
    Indonesia (LAPSI)                                            Institution (LAPSI)
7. Lembaga Alternatif Penyelesaian Sengketa Sektor Jasa      7. Alternative Dispute Resolution Institution for the Financial
    Keuangan (LAPS-SJK)                                          Services Sector (LAPS-SJK)
8. Asosiasi Sistem Pembayaran Indonesia (ASPI)               8. Indonesian Payment System Association (ASPI)
9. Forum Komunikasi Direktur Kepatuhan Perbankan (FKDKP)     9. Association of Government Securities Merchants (FKDKP)
10. Forum Komunikasi Direktur Operasional Perbankan          10. Association of Government Operational Merchants
    (FKDOP)                                                      (FKDOP)
11. Ikatan Akuntan Indonesia (IAI)                           11. Indonesian Accountants Association (IAI)
12. Association Cambiste Internationale (ACI)                12. Association Cambiste Internationale (ACI)




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Struktur Organisasi
Organizational Structure


Seiring dengan perkembangan bisnis Bank, Struktur Organisasi                          In line with the Bank’s business development, the organizational
Bank Mandiri Taspen telah mengalami beberapa kali                                     structure of Bank Mandiri Taspen has undergone several
perubahan. Sehubungan dengan perubahan komposisi Direksi                              changes. Following changes in the composition of the Board
sesuai dengan RUPS Luar Biasa tanggal 4 Desember 2025,                                of Directors as resolved at the Extraordinary General Meeting
Bank telah menetapkan struktur organisasi baru yang disahkan                          of Shareholders (EGMS) held on December 4, 2025, the
berdasarkan Keputusan Direksi Nomor KEP.DIR/049/III/2026                              Bank established a new organizational structure, which was
tanggal 9 Maret 2026 tentang Perubahan Struktur Organisasi                            formalized under the Board of Directors Decree No. KEP.
PT Bank Mandiri Taspen, di mana perubahan tersebut turut                              DIR/049/III/2026 dated March 9, 2026, concerning Changes
diikuti dengan penyesuaian pada susunan Pejabat Eksekutif.                            to the Organizational Structure of PT Bank Mandiri Taspen.
                                                                                      These changes were also accompanied by adjustments to the
                                                                                      composition of Executive Officers.




                                              Dewan Komisaris                                                          Direktur Utama
                                            Board of Commissioners                                                    President Director

                                                    Komite             Komite Remunerasi                                 Panji Irawan
                           Komite Audit         Pemantau Risiko           dan Nominasi
                          Audit Committee       Risk Monitoring         Remuneration and
                                                  Committee           Nomination Committee




                                                                                           Funding                     Transformasi &
                                                     Bisnis                                                         Pengembangan Usaha
                                                                                      (Retail & Network)

                                              Mahrauza Purnaditya*                  Rizky Olyvia Nasution*            Noer Fajrieansyah*




         Internal Audit                         Productive Loan                     Funding & Investment                Strategic Business
                                                                                          Product                         Development
   M. Jacobie Henry Widojono                     Mohamad Razif
                                                                                   Susi Melinda Panggabean             Agus Syaiful Anwar


    Office of Chief Economist                    Consumer Loan
                                                                                     Distribution Network             Operational & Service
                                                                                           Strategic                       Excellence
         Barli Suryanta                          Erlinda Rusda
                                                                                     Tiara Mayasari (Pj.)          Pande Putu Rambiawan (Pj.)

                                               Pension & Business
                                                  Management                        Portfolio Management               Strategic Digital &
                                                                                                                    Corporate Transformation
    Directorate                              Mochammad Azis Yusup                       Erlinda Rusda
                                                                                                                                –
    SEVP
                                                  Treasury & FI
    Division                                                                                                        Transformation Task Force
                                                Lalla Nurlaty Suri
                                                                                                                     • Tambos Hutabarat
    Department                                                                                                       • Harsono Rudi Firnadi




                                Komite IT       Komite Kredit        Komite ALCO        Komite Manajemen Risiko   Komite Kebijakan Perkreditan




     112                                                                                                                                Laporan Tahunan 2025
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                                                                                                                                               PT Bank Mandiri Taspen




Nama anggota Dewan Komisaris yaitu sebagai berikut:                                         Names of the members of the Board of Commissioners are as follows:
1. Junaidi Hisom*     : Komisaris Utama Independen                                          1. Junaidi Hisom*        : Independent President Commissioner
2. Suhajar Diantoro** : Komisaris                                                           2. Suhajar Diantoro**    : Commissioner
3. Boedi Armanto      : Komisaris Independen                                                3. Boedi Armanto         : Independent Commissioner
4. Prasetio*          : Komisaris Independen                                                4. Prasetio*             : Independent Commissioner
5. Marjana***         : Komisaris Independen                                                5. Marjana***            : Independent Commissioner
6. Suwartini*         : Komisaris Independen                                                6. Suwartini*            : Independent Commissioner
7. Edi Eko Cahyono*** : Komisaris                                                           7. Edi Eko Cahyono***    : Commissioner
*    Diangkat berdasarkan Keputusan Sirkuler Pemegang Saham tertanggal 04 Desember          *    Appointed based on the Circular Resolution of the Shareholders dated 4 December
     2025 dan telah efektif menjabat setelah dinyatakan lulus Penilaian Kemampuan dan            2025 and has been effective upon passing the Fit and Proper Test conducted by the
     Kepatutan (PKK) oleh Otoritas Jasa Keuangan                                                 Financial Services Authority (OJK).
**   Diangkat sebagai Komisaris Independen berdasarkan Keputusan Sirkuler Pemegang          **   Appointed as an Independent Commissioner based on the Circular Resolution of the
     Saham tertanggal 27 Juni 2023, dialihtugaskan menjadi Komisaris berdasarkan                 Shareholders dated 27 June 2023, reassigned as Commissioner based on the Circular
     Keputusan Sirkuler Pemegang Saham tertanggal 27 Juni 2024 dan sedang dalam                  Resolution of the Shareholders dated 27 June 2024, and currently
     proses Uji Penilaian Kemampuan dan Kepatutan oleh Otoritas Jasa Keuangan
*** Diangkat berdasarkan Keputusan Sirkuler Pemegang Saham tertanggal 04 Desember           *** Appointed based on the Circular Resolution of the Shareholders dated 4 December
    2025 dan sedang dalam proses Uji Penilaian Kemampuan dan Kepatutan (PKK) oleh               2025 and currently undergoing the Fit and Proper Test conducted by the Financial
    Otoritas Jasa Keuangan                                                                      Services Authority (OJK).

Nama anggota Komite di bawah Dewan Komisaris per 31 Desember                                The members of the Committees under the Board of Commissioners as
2025 yaitu sebagai berikut:                                                                 of 31 December 2025 are as follows:
1. Komite Audit: Boedi Armanto (Ketua Merangkap Anggota), Rety                              1. Audit Committee: Boedi Armanto (Chairman concurrently serving
   Listya Handayani (Anggota Pihak Independen), dan Agus Slamet                                 as Member), Rety Listya Handayani (Independent Member), and
   Riyadi (Anggota Pihak Independen).                                                           Agus Slamet Riyadi (Independent Member).
2. Komite Remunerasi dan Nominasi: Boedi Armanto (Anggota), dan                             2. Remuneration and Nomination Committee: Boedi Armanto
   Hendro Triendarto (Anggota ex-officio Merangkap Sekretaris).                                 (Member) and Hendro Triendarto (ex-officio Member concurrently
                                                                                                serving as Secretary).
3.    Komite Pemantau Risiko: Boedi Armanto (Ketua merangkap                                3. Risk Monitoring Committee: Boedi Armanto (Chairman concurrently
      Anggota), Wignyo M. Mulyono (Anggota Pihak Independen), dan                               serving as Member), Wignyo M. Mulyono (Independent Member),
      Putut Sukoco Ardi (Anggota Pihak Independen).                                             and Putut Sukoco Ardi (Independent Member). Nama anggota Komite
                                                                                                di bawah Direksi disampaikan pada Bab Corporate Governance.
Nama anggota Komite di bawah Direksi disampaikan pada Bab                                   The members of the Committees under the Board of Directors are
Corporate Governance.                                                                       presented in the Corporate Governance chapter.



                      Wakil Direktur Utama
                      Vice President Director

                          Rudi As Aturridha*



                                                                      Compliance
                             IT & Digital                                                                   Keuangan & Risk
                                                                   & Human Resource

                        Henrisa Yunan Lubis*                           Rio Lanasier                           Rima Cahyani




                          SEVP Operations

                          Freddy Kurnianto




                          Central Operation                            Compliance                        Strategy & Performance                       Corporate Secretary
                                                                                                              Management                                   & Legal
                          Sang Ketut Miasa                            Sisi Rahmina
                                                                                                            Argi Ginanjar (Pj.)                  Tulus Parulian Hutabarat (Pj.)


                           Credit Operation                          Human Capital
                                                                                                                Accounting                           Strategic Procurement
                                                                                                                                                     & Asset Management
                            Aris Sunandar                           Hendro Triendarto
                                                                                                        Anggraini Kusumojati (Pj.)
                                                                                                                                                    Sangkot Parangin Angin

                      Digital Banking Operation                   Risk Business Control
                                                                                                            Risk Management
                         Pangrukti Kisbandini                       Aditya Subiyanto
                                                                                                               Roni Girsang


                                                                   APUPPT & PPPSPM                         Credit Risk Approval
                     IT Planning & Development

                           Hendi Hadianto                                                                            –



                                CISO                       * Telah diangkat berdasarkan keputusan sirkuler Pemegang Saham tanggal 04 Desember 2025
                                                             dan masih dalam proses Penilaian Kemampuan & Kepatutan oleh Otoritas Jasa Keuangan.
                        Purnama Sulfa Syukur
                                                              Appointed based on the Circular Resolution of the Shareholders dated December 4, 2025
                                                              and is currently in the process of the Fit and Proper Test conducted by Otoritas Jasa Keuangan.
                        Digital Transformation


                                  –




2025 Annual Report                                                                                                                                                   113
Page 114
Profil Perusahaan
Company Profile




Profil Direksi
Directors Profile


                                                             Panji Irawan
                                                             Direktur Utama
                                                             President Director

                                                             Lahir di Jakarta pada tahun 1965.            Domisili / Domicile:         Warga negara Indonesia
                                                             Usia 60 tahun Per Desember 2025.             Jakarta, Indonesia           Indonesian citizen
                                                             Born in Jakarta in 1965.
                                                             Age 60 years as of December 2025.




Riwayat Pendidikan                                                                      Educational Background
• Sarjana Agricultural & Resource Economics dari Institut Pertanian Bogor,              • Bachelor’s degree in Agricultural & Resource Economics from Institut Pertanian
  Bogor (1989).                                                                           Bogor, Bogor (1989).
• Master of Business Administration in Risk Management dari Universitas                 • Master of Business Administration in Risk Management from Universitas
  Indonesia, Depok (2025).                                                                Indonesia, Depok (2025).


Sertifikasi                                                                             Certification
Sertifikasi Manajemen Risiko Perbankan Kualifikasi 7, LSP Lembaga Sertifikasi Profesi   Banking Risk Management Certification – Qualification Level 7, issued by the Banking
Perbankan.                                                                              Professional Certification Institute (LSP Perbankan).


Riwayat Jabatan                                                                         Job History
   Dasar Hukum Pengangkatan                                                                Legal Basis of Appointment
   Diangkat sebagai Direktur Utama Bank Mandiri Taspen untuk pertama kalinya               Appointed as President Director of Bank Mandiri Taspen for the first time since
   sejak 04 Desember 2025 berdasarkan Akta Keputusan Sirkuler No. 25 tahun                 December 4, 2025, based on the Circular Resolution Deed No. 25 of 2025 dated
   2025 tanggal 18 Desember 2025, efektif menjabat setelah lulus uji Penilaian             December 18, 2025, and effectively assumed office after passing the Fit and
   Kemampuan dan Kepatutan OJK pada 21 Januari 2026.                                       Proper Test conducted by the Otoritas Jasa Keuangan on January 21, 2026.

   Rangkap Jabatan                                                                         Concurrent Position
   • Ketua/Anggota tetap yang memiliki hak suara Asset and Liability Committee             • Chairman/permanent member with voting rights of the Asset and Liability
     (ALCO) Bank Mandiri Taspen.                                                             Committee (ALCO) of Bank Mandiri Taspen.
   • Anggota tidak tetap yang memiliki hak suara Komite Teknologi Informasi                • Non-permanent member with voting rights of the Information Technology
     Bank Mandiri Taspen.                                                                    Committee of Bank Mandiri Taspen.
   • Ketua/anggota tetap yang memiliki hak suara Komite Kebijakan                          • Chairman/permanent member with voting rights of the Credit Policy
     Perkreditan Bank Mandiri Taspen.                                                        Committee of Bank Mandiri Taspen.
   Tidak memiliki jabatan pada perusahaan terbuka lainnya.                                 Does not hold any position in other public companies.

   Pengalaman Kerja                                                                        Work Experience
   • Dept Head Treasury Trading PT Bank Mandiri (Persero) Tbk (2003–2004)                  • Department Head of Treasury Trading, PT Bank Mandiri (Persero) Tbk
                                                                                             (2003–2004).
   • Dept Head Trading PT Bank Mandiri (Persero) Tbk (2004–2008).                          • Department Head of Trading, PT Bank Mandiri (Persero) Tbk (2004–2008).
   • Dept Head Debt & Capital Market PT Bank Mandiri (Persero) Tbk (2008–2010).            • Department Head of Debt & Capital Market, PT Bank Mandiri (Persero) Tbk
                                                                                             (2008–2010).
   •   Pj. Group Head Treasury PT Bank Mandiri (Persero) Tbk (2010–2011).                  • Acting Group Head of Treasury, PT Bank Mandiri (Persero) Tbk (2010–2011).
   •   Komisaris PT Mandiri Sekuritas (2010–2016).                                         • Commissioner, PT Mandiri Sekuritas (2010–2016).
   •   Group Head Treasury PT Bank Mandiri (Persero) Tbk (2011–2016).                      • Group Head of Treasury, PT Bank Mandiri (Persero) Tbk (2011–2016).
   •   Direktur Treasury & Internasional PT Bank Negara Indonesia (Persero) Tbk            • Director of Treasury & International, PT Bank Negara Indonesia (Persero) Tbk
       (2016–2018).                                                                          (2016–2018).
   •   Direktur Keuangan & Strategi PT Bank Mandiri (Persero) Tbk (2018-2019).             • Director of Finance & Strategy, PT Bank Mandiri (Persero) Tbk (2018–2019).
   •   Direktur Operasional PT Bank Mandiri (Persero) Tbk (2019–2020).                     • Director of Operations, PT Bank Mandiri (Persero) Tbk (2019–2020).
   •   Direktur Treasury & International Banking PT Bank Mandiri (Persero) Tbk             • Director of Treasury & International Banking, PT Bank Mandiri (Persero) Tbk
       (2020–2023).                                                                          (2020–2023).
   •   Konsultan bidang Banking, Treasury, Finance, Economy, Capital Market,               • Consultant in Banking, Treasury, Finance, Economics, Capital Markets, Strategic
       Strategic Management, dan Risk Management (2023–2024).                                Management, and Risk Management (2023–2024).
   •   Tim Perancang BPI Danantara bidang Finance, Treasury, Governance, Risk, dan         • Member of the BPI Danantara Design Team covering Finance, Treasury,
       Compliance (2024–2025).                                                               Governance, Risk, and Compliance (2024–2025).
   •   Asesor LSPP & LPPI (2025).                                                          • Assessor, LSPP & LPPI (2025).
   •   Direktur Utama PT Bank Mandiri Taspen (2025–sekarang).                              • President Director, PT Bank Mandiri Taspen (2025–present).


Periode Jabatan                                                                         Serving Period
Periode I – 4 Desember 2025 sampai dengan penutupan RUPS 2028.                          Period I – December 4, 2025 until the closing of the 2028 General Meeting of
                                                                                        Shareholders (GMS)..


Hubungan Afiliasi                                                                       Affiliation Relationships
Tidak memiliki hubungan afiliasi dengan anggota Direksi lainnya, anggota Dewan          Does not have any affiliation with other members of the Board of Directors,
Komisaris, pemegang saham utama, dan pengendali baik langsung maupun tidak              members of the Board of Commissioners, controlling shareholders, or ultimate
langsung sampai kepada pemilik individu.                                                individual shareholders, whether directly or indirectly.


Kepemilikan Saham                                                                       Share Ownership
Tidak memiliki saham di Bank Mandiri Taspen.                                            Does not own shares in Bank Mandiri Taspen.



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                                                                                                                                       PT Bank Mandiri Taspen




                                                             Rudi As Aturridha*
                                                             Wakil Direktur Utama
                                                             Vice President Director

                                                             Lahir di Lombok Timur pada tahun 1972.          Domisili / Domicile:      Warga negara Indonesia
                                                             Usia 53 tahun Per Desember 2025.                Jakarta, Indonesia        Indonesian citizen
                                                             Born in East Lombok in 1972.
                                                             Age 53 years as of December 2025.




Riwayat Pendidikan                                                                       Educational Background
• Sarjana Ekonomi dari Universitas Trisakti, Jakarta (1996).                             • Bachelor’s Degree in Economics from Universitas Trisakti, Jakarta (1996).
• Magister Ekonomi dari Universitas Trisakti, Jakarta (2024).                            • Master’s Degree in Economics from Universitas Trisakti, Jakarta (2024).

Sertifikasi                                                                              Certification
Sertifikasi Manajemen Risiko Perbankan Kualifikasi 7 Tanpa Berjenjang,                   Banking Risk Management Certification – Level 7 (Non-Graded), issued by the
LSP Badan Sertifikasi Manajemen Risiko.                                                  Risk Management Professional Certification Body (BSMR).

Riwayat Jabatan                                                                          Job History
  Dasar Hukum Pengangkatan                                                                  Legal Basis of Appointment
  Diangkat sebagai Wakil Direktur Utama Bank Mandiri Taspen untuk                           Appointed as Vice President Director of Bank Mandiri Taspen for the first
  pertama kalinya sejak 04 Desember 2025 berdasarkan Akta Keputusan                         time since December 4, 2025, based on the Circular Resolution Deed No. 25
  Sirkuler No. 25 tahun 2025 tanggal 18 Desember 2025, efektif menjabat                     of 2025 dated December 18, 2025, and effectively assumed office after
  setelah lulus uji Penilaian Kemampuan dan Kepatutan OJK.                                  passing the Fit and Proper Test conducted by the Otoritas Jasa Keuangan.
  Rangkap Jabatan                                                                           Concurrent Position
  • Anggota tetap yang memiliki hak suara Komite Manajemen Risiko Bank                      • Permanent member with voting rights of the Risk Management
    Mandiri Taspen.                                                                           Committee of Bank Mandiri Taspen.
  • Anggota tetap yang memiliki hak suara Komite Kebijakan Perkreditan                      • Permanent member with voting rights of the Credit Policy Committee
    Bank Mandiri Taspen.                                                                      of Bank Mandiri Taspen.
  Tidak memiliki jabatan pada perusahaan terbuka lainnya.                                   Does not hold any position in other public companies.
  Pengalaman Kerja                                                                          Work Experience
  • Unsecured Load Product Head PT Bank Danamon Indonesia Tbk                               • Unsecured Loan Product Head, PT Bank Danamon Indonesia Tbk
    (2008–2011).                                                                              (2008–2011).
  • Dept Head Mortgages Sales Management PT Bank Mandiri (Persero)                          • Department Head of Mortgage Sales Management, PT Bank Mandiri
    Tbk (2011–2015).                                                                          (Persero) Tbk (2011–2015).
  • Consumer Banking Head Region VII PT Bank Mandiri (Persero) Tbk                          • Consumer Banking Head Region VII, PT Bank Mandiri (Persero) Tbk
    (2015–2017).                                                                              (2015–2017).
  • Area Head Yogyakarta PT Bank Mandiri (Persero) Tbk (2017–2018).                         • Area Head Yogyakarta, PT Bank Mandiri (Persero) Tbk (2017–2018).
  • Dept Head Corporate Communication PT Bank Mandiri (Persero) Tbk                         • Department Head of Corporate Communication, PT Bank Mandiri
    (2018–2020).                                                                              (Persero) Tbk (2018–2020).
  • Group Head Corporate Secretary PT Bank Mandiri (Persero) Tbk                            • Group Head of Corporate Secretary, PT Bank Mandiri (Persero) Tbk
    (2020–2023).                                                                              (2020–2023).
  • Direktur Pengembangan Usaha dan Kelembagaan PT Kereta Api                               • Director of Business Development and Institutional Affairs,
    Indonesia (Persero) (2023–2025).                                                          PT Kereta Api Indonesia (Persero) (2023–2025).
  • Temporary Position Pool Human Capital Performance & Remuneration                        • Temporary Position Pool, Human Capital Performance & Remuneration
    Group PT Bank Mandiri (Persero) Tbk (2025).                                               Group, PT Bank Mandiri (Persero) Tbk (2025).
  • Wakil Direktur Utama PT Bank Mandiri Taspen (2025–sekarang).                            • Vice President Director, PT Bank Mandiri Taspen (2025–present).


Periode Jabatan                                                                          Serving Period
Periode I – 4 Desember 2025 sampai dengan penutupan RUPS 2028.                           Period I – December 4, 2025 until the closing of the 2028 General Meeting
                                                                                         of Shareholders (GMS)..


Hubungan Afiliasi                                                                        Affiliation Relationships
Tidak memiliki hubungan afiliasi dengan anggota Direksi lainnya, anggota                 Does not have any affiliation with other members of the Board of Directors,
Dewan Komisaris, pemegang saham utama, dan pengendali baik langsung                      members of the Board of Commissioners, controlling shareholders, or
maupun tidak langsung sampai kepada pemilik individu.                                    ultimate individual shareholders, whether directly or indirectly.


Kepemilikan Saham                                                                        Share Ownership
Tidak memiliki saham di Bank Mandiri Taspen.                                             Does not own shares in Bank Mandiri Taspen.

* Telah diangkat berdasarkan keputusan sirkuler Pemegang Saham tanggal 04 Desember 2025
  dan masih dalam proses Penilaian Kemampuan & Kepatutan oleh Otoritas Jasa Keuangan.
  Appointed based on the Circular Resolution of the Shareholders dated December 4, 2025
  and is currently in the process of the Fit and Proper Test conducted by Otoritas Jasa Keuangan.




2025 Annual Report                                                                                                                                          115
Page 116
Profil Perusahaan
Company Profile




                                                       Rio Lanasier
                                                       Direktur Compliance & Human Resource
                                                       Director of Compliance & Human Resource

                                                       Lahir di Tangerang pada tahun 1975.        Domisili / Domicile:       Warga negara Indonesia
                                                       Usia 50 tahun Per Desember 2025.           Jakarta, Indonesia         Indonesian citizen
                                                       Born in Tangerang in 1975.
                                                       Age 50 years as of December 2025.




Riwayat Pendidikan                                                              Educational Background
• Sarjana Teknik Sipil dari Universitas Katolik Parahyangan, Bandung (1998).    • Bachelor’s Degree in Civil Engineering from Universitas Katolik Parahyangan,
                                                                                  Bandung (1998).
• Master Teknik Sipil dari Univeristy of New South Wales, Sydney (2000).        • Master’s Degree in Civil Engineering from the University of New South
                                                                                  Wales, Sydney (2000).

Sertifikasi                                                                     Certification
Sertifikasi Manajemen Risiko Perbankan Kualifikasi 7, LSP Lembaga Sertifikasi   Banking Risk Management Certification – Qualification Level 7, issued by the
Profesi Perbankan.                                                              Banking Professional Certification Institute (LSP Perbankan).


Riwayat Jabatan                                                                 Job History
  Dasar Hukum Pengangkatan                                                        Legal Basis of Appointment
  Diangkat sebagai Direktur Compliance & Human Resource Bank Mandiri              Appointed as Director of Compliance & Human Resources of Bank Mandiri
  Taspen untuk pertama kalinya sejak 04 Desember 2025 berdasarkan                 Taspen for the first time since December 4, 2025, based on the Circular
  Akta Keputusan Sirkuler No. 25 tahun 2025 tanggal 18 Desember 2025,             Resolution Deed No. 25 of 2025 dated December 18, 2025, and effectively
  efektif menjabat setelah lulus uji Penilaian Kemampuan dan Kepatutan            assumed office after passing the Fit and Proper Test conducted by the
  OJK pada 13 Maret 2026.                                                         Otoritas Jasa Keuangan on March 13, 2026..
  Rangkap Jabatan                                                                 Concurrent Position
  • Wakil Ketua Komite Manajemen Risiko Bank Mandiri Taspen.                      • Vice Chairman of the Risk Management Committee of Bank Mandiri Taspen.

  Tidak memiliki jabatan pada perusahaan terbuka lainnya.                         Does not hold any position in other public companies.
  Pengalaman Kerja                                                                Work Experience
  • Officer Development Program PT Bank Mandiri (Persero) Tbk (2002–2003).        • Officer Development Program, PT Bank Mandiri (Persero) Tbk (2002–2003).
  • Manager Commercial Credit Group – Credit Analyst PT Bank Mandiri              • Manager, Commercial Credit Group – Credit Analyst, PT Bank Mandiri
    (Persero) Tbk (2003-2004).                                                      (Persero) Tbk (2003–2004).
  • Treasury FX Dealer PT Bank Mandiri (Persero) Tbk (2004–2006).                 • Treasury FX Dealer, PT Bank Mandiri (Persero) Tbk (2004–2006).
  • Treasury Chief Dealer PT Bank Mandiri (Persero) Tbk (2006–2007).              • Treasury Chief Dealer, PT Bank Mandiri (Persero) Tbk (2006–2007).
  • AVP Treasury, Head of Interbank PT Bank Chinatrust Indonesia                  • AVP Treasury, Head of Interbank, PT Bank Chinatrust Indonesia
    (2007–2008).                                                                    (2007–2008).
  • VP Treasury PT Bank DBS Indonesia (2008–2015).                                • VP Treasury, PT Bank DBS Indonesia (2008–2015).
  • EVP Treasury, Financial Institution & Special Asset Management                • EVP Treasury, Financial Institution & Special Asset Management,
    PT Bank Jtrust Indonesia Tbk (2015–2016).                                       PT Bank Jtrust Indonesia Tbk (2015–2016).
  • Direktur Treasury, Financial Institution, Funding & Fintech Solution          • Director of Treasury, Financial Institution, Funding & Fintech Solution,
    PT Bank JTrust Indonesia Tbk (2016–2019).                                       PT Bank JTrust Indonesia Tbk (2016–2019).
  • Direktur IT, Treasury & International Banking PT Bank Pembangunan             • Director of IT, Treasury & International Banking, PT Bank Pembangunan
    Daerah Jawa Barat Tbk (2019–2024).                                              Daerah Jawa Barat Tbk (2019–2024).
  • Direktur IT & Transaction Banking PT Bank Pembangunan Daerah                  • Director of IT & Transaction Banking, PT Bank Pembangunan Daerah
    Jawa Barat Tbk (2024–2025).                                                     Jawa Barat Tbk (2024–2025).
  • Direktur Compliance & Human Resource PT Bank Mandiri Taspen                   • Director of Compliance & Human Resources, PT Bank Mandiri Taspen
    (2025–sekarang).                                                                (2025–present).


Periode Jabatan                                                                 Serving Period
Periode I – 4 Desember 2025 sampai dengan penutupan RUPS 2028.                  Period I – December 4, 2025 until the closing of the 2028 General Meeting
                                                                                of Shareholders (GMS)..


Hubungan Afiliasi                                                               Affiliation Relationships
Tidak memiliki hubungan afiliasi dengan anggota Direksi lainnya, anggota        Does not have any affiliation with other members of the Board of Directors,
Dewan Komisaris, pemegang saham utama, dan pengendali baik langsung             members of the Board of Commissioners, controlling shareholders, or
maupun tidak langsung sampai kepada pemilik individu.                           ultimate individual shareholders, whether directly or indirectly.


Kepemilikan Saham                                                               Share Ownership
Tidak memiliki saham di Bank Mandiri Taspen.                                    Does not own shares in Bank Mandiri Taspen.




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                                                                                                                                        PT Bank Mandiri Taspen




                                                             Henrisa Yunan Lubis*
                                                             Direktur IT & Digital
                                                             Director of IT & Digital

                                                             Lahir di Jakarta pada tahun 1969.           Domisili / Domicile:       Warga negara Indonesia
                                                             Usia 56 tahun Per Desember 2025.            Jakarta, Indonesia         Indonesian citizen
                                                             Born in Jakarta in 1969.
                                                             Age 56 years as of December 2025.




Riwayat Pendidikan                                                                       Educational Background
• Bachelor of Science in Engineering dari University of Pittsburgh,                      • Bachelor of Science in Engineering from the University of Pittsburgh,
  Pennsylvania (1992).                                                                     Pennsylvania (1992).
• Master of Science (Finance) dari The American University, Washington                   • Master of Science in Finance from The American University, Washington
  (2000).                                                                                  (2000).
• Doctor of Science (Engineering Management) dari The George Washington                  • Doctor of Science in Engineering Management from The George
  University, Washington (2001)                                                            Washington University, Washington (2001).


Sertifikasi                                                                              Certification
Sertifikasi Manajemen Risiko Perbankan Kualifikasi 7 Tanpa Berjenjang, LSP               Banking Risk Management Certification – Level 7 (Non-Graded), issued by the
Lembaga Sertifikasi Profesi Perbankan.                                                   Banking Professional Certification Institute (LSP Perbankan).


Riwayat Jabatan                                                                          Job History
  Dasar Hukum Pengangkatan                                                                  Legal Basis of Appointment
  Diangkat sebagai Direktur IT & Digital Bank Mandiri Taspen untuk                          Appointed as Director of IT & Digital of Bank Mandiri Taspen for the first
  pertama kalinya sejak 04 Desember 2025 berdasarkan Akta Keputusan                         time since December 4, 2025, based on the Circular Resolution Deed No. 25
  Sirkuler No. 25 tahun 2025 tanggal 18 Desember 2025, efektif menjabat                     of 2025 dated December 18, 2025, and effectively assumed office after
  setelah lulus uji Penilaian Kemampuan dan Kepatutan OJK.                                  passing the Fit and Proper Test conducted by the Otoritas Jasa Keuangan.
  Rangkap Jabatan                                                                           Concurrent Position
  • Anggota tetap yang memiliki hak suara Komite Manajemen Risiko Bank                      • Permanent member with voting rights of the Risk Management
    Mandiri Taspen.                                                                           Committee of Bank Mandiri Taspen.
  • Ketua/anggota tetap yang memiliki hak suara Komite Teknologi                            • Chairman/permanent member with voting rights of the Information
    Informasi Bank Mandiri Taspen.                                                            Technology Committee of Bank Mandiri Taspen.
  • Anggota tetap yang memiliki hak suara Komite Kebijakan Perkreditan                      • Permanent member with voting rights of the Credit Policy Committee
    Bank Mandiri Taspen.                                                                      of Bank Mandiri Taspen.

  Tidak memiliki jabatan pada perusahaan terbuka lainnya.                                   Does not hold any position in other public companies.
  Pengalaman Kerja                                                                          Work Experience
  • Deputy General Core Banking Replacement Project PT Bank Negara                          • Deputy General Manager, Core Banking Replacement Project,
    Indonesia (Persero) Tbk (2005–2006).                                                      PT Bank Negara Indonesia (Persero) Tbk (2005–2006).
  • Deputy General Manager Divisi IT PT Bank Negara Indonesia (Persero)                     • Deputy General Manager, IT Division, PT Bank Negara Indonesia (Persero)
    Tbk (2007–2008).                                                                          Tbk (2007–2008).
  • Kepala Divisi IT PT Bank Negara Indonesia (Persero) Tbk (2008–2014).                    • Head of IT Division, PT Bank Negara Indonesia (Persero) Tbk (2008–2014).
  • Kepala Divisi IT Security PT Bank Negara Indonesia (Persero) Tbk                        • Head of IT Security Division, PT Bank Negara Indonesia (Persero) Tbk
    (2014–2015).                                                                              (2014–2015).
  • Staf Eksekutif PT Bank Negara Indonesia (Persero) Tbk (2016–2016).                      • Executive Staff, PT Bank Negara Indonesia (Persero) Tbk (2016).
  • Project Leader Digital Banking PT Bank Tabungan Negara (Persero) Tbk                    • Project Leader, Digital Banking, PT Bank Tabungan Negara (Persero) Tbk
    (2017–2018).                                                                              (2017–2018).
  • Penasihat PT Tenarin Innovasi Indonesia (2018–2020).                                    • Advisor, PT Tenarin Innovasi Indonesia (2018–2020).
  • Kepala Divisi IT PT TASPEN (Persero) (2020–2025).                                       • Head of IT Division, PT TASPEN (Persero) (2020–2025).
  • Direktur IT & Digital PT Bank Mandiri Taspen (2025–sekarang).                           • Director of IT & Digital, PT Bank Mandiri Taspen (2025–present).


Periode Jabatan                                                                          Serving Period
Periode I – 4 Desember 2025 sampai dengan penutupan RUPS 2028.                           Period I – December 4, 2025 until the closing of the 2028 General Meeting
                                                                                         of Shareholders (GMS).

Hubungan Afiliasi                                                                        Affiliation Relationships
Tidak memiliki hubungan afiliasi dengan anggota Direksi lainnya, anggota                 Does not have any affiliation with other members of the Board of Directors,
Dewan Komisaris, pemegang saham utama, dan pengendali baik langsung                      members of the Board of Commissioners, controlling shareholders, or
maupun tidak langsung sampai kepada pemilik individu.                                    ultimate individual shareholders, whether directly or indirectly.


Kepemilikan Saham                                                                        Share Ownership
Tidak memiliki saham di Bank Mandiri Taspen.                                             Does not own shares in Bank Mandiri Taspen.

* Telah diangkat berdasarkan keputusan sirkuler Pemegang Saham tanggal 4 Desember 2025
  dan masih dalam proses Penilaian Kemampuan & Kepatutan oleh Otoritas Jasa Keuangan.
  Appointed based on the Circular Resolution of the Shareholders dated December 4, 2025
  and is currently in the process of the Fit and Proper Test conducted by Otoritas Jasa Keuangan.




2025 Annual Report                                                                                                                                         117
Page 118
Profil Perusahaan
Company Profile




                                                       Rima Cahyani
                                                       Direktur Keuangan & Risk
                                                       Director of Finance & Risk

                                                       Lahir di Hulu Sungai Utara pada tahun 1982.    Domisili / Domicile:     Warga negara Indonesia
                                                       Usia 43 tahun Per Desember 2025.               Jakarta, Indonesia       Indonesian citizen
                                                       Born in Hulu Sungai Utara in 1982.
                                                       Age 43 years as of December 2025.




Riwayat Pendidikan                                                              Educational Background
• Sarjana Hubungan Internasional dari Universitas Gadjah Mada,                  • Bachelor’s Degree in International Relations from Universitas Gadjah Mada,
  Yogyakarta (2006).                                                              Yogyakarta (2006).
• Master of Business innovation dari Monash University, Melbourne (2024).       • Master of Business Innovation from Monash University, Melbourne (2024).


Sertifikasi                                                                     Certification
Sertifikasi Manajemen Risiko Perbankan Kualifikasi 7, LSP Lembaga Sertifikasi   Banking Risk Management Certification – Qualification Level 7, issued by the
Profesi Perbankan.                                                              Banking Professional Certification Institute (LSP Perbankan).

Riwayat Jabatan                                                                 Job History
  Dasar Hukum Pengangkatan                                                        Legal Basis of Appointment
  Diangkat sebagai Direktur Keuangan & Risk Bank Mandiri Taspen untuk             Appointed as Director of Finance & Risk of Bank Mandiri Taspen for the
  pertama kalinya sejak 04 Desember 2025 berdasarkan Akta Keputusan               first time since December 4, 2025, based on the Circular Resolution Deed
  Sirkuler No. 25 tahun 2025 tanggal 18 Desember 2025, efektif menjabat           No. 25 of 2025 dated December 18, 2025, and effectively assumed office
  setelah lulus uji Penilaian Kemampuan dan Kepatutan OJK pada 27 April           after passing the Fit and Proper Test conducted by the Otoritas Jasa
  2026.                                                                           Keuangan on April 27, 2026.
  Rangkap Jabatan                                                                 Concurrent Position
  • Ketua Komite Manajemen Risiko Bank Mandiri Taspen.                            • Chairman of the Risk Management Committee of Bank Mandiri Taspen.
  • Anggota tetap yang memiliki hak suara Komite Teknologi Informasi              • Permanent member with voting rights of the Information Technology
    Bank Mandiri Taspen.                                                            Committee of Bank Mandiri Taspen.
  • Anggota tetap yang memiliki hak suara Komite Kebijakan Perkreditan            • Permanent member with voting rights of the Credit Policy Committee of
    Bank Mandiri Taspen.                                                            Bank Mandiri Taspen.
  Tidak memiliki jabatan pada perusahaan terbuka lainnya.                         Does not hold any position in other public companies.
  Pengalaman Kerja                                                                Work Experience
  • Team Leader RM Domestic FI PT Bank Mandiri (Persero) Tbk (2015–2016).         • Team Leader, RM Domestic Financial Institutions, PT Bank Mandiri
                                                                                    (Persero) Tbk (2015–2016).
  • Team Leader RM Funding PT Bank Mandiri (Persero) Tbk (2016–2018).             • Team Leader, RM Funding, PT Bank Mandiri (Persero) Tbk (2016–2018).
  • SRM Sector Mining 2 Departement PT Bank Mandiri (Persero) Tbk                 • Senior Relationship Manager (SRM), Mining Sector 2 Department,
    (2018–2018).                                                                    PT Bank Mandiri (Persero) Tbk (2018).
  • SRM Syndication Departement PT Bank Mandiri (Persero) Tbk                     • Senior Relationship Manager (SRM), Syndication Department,
    (2018–2019).                                                                    PT Bank Mandiri (Persero) Tbk (2018–2019).
  • Department Head Syndication PT Bank Mandiri (Persero) Tbk                     • Department Head of Syndication, PT Bank Mandiri (Persero) Tbk
    (2019–2021).                                                                    (2019–2021).
  • Deputy Group Head Syndication & Structured Finance Group PT Bank              • Deputy Group Head of Syndication & Structured Finance Group,
    Mandiri (Persero) Tbk (2021–2023).                                              PT Bank Mandiri (Persero) Tbk (2021–2023).
  • Head of International & FI Division PT Bank Negara Indonesia (Persero)        • Head of International & Financial Institutions Division, PT Bank Negara
    Tbk (2023–2025).                                                                Indonesia (Persero) Tbk (2023–2025).
  • Project Manager, Wholesale and Value Chain Division PT Bank Negara            • Project Manager, Wholesale and Value Chain Division, PT Bank Negara
    Indonesia (Persero) Tbk (2025).                                                 Indonesia (Persero) Tbk (2025).
  • Representatif Kantor Perwakilan Indonesia First Bank of Abu Dhabi             • Representative, Indonesia Representative Office of First Abu Dhabi Bank
    (2025).                                                                         (2025).
  • Direktur Keuangan & Risk PT Bank Mandiri Taspen (2025–sekarang).              • Director of Finance & Risk, PT Bank Mandiri Taspen (2025–present).


Periode Jabatan                                                                 Serving Period
Periode I – 4 Desember 2025 sampai dengan penutupan RUPS 2028.                  Period I – December 4, 2025 until the closing of the 2028 General Meeting
                                                                                of Shareholders (GMS..


Hubungan Afiliasi                                                               Affiliation Relationships
Tidak memiliki hubungan afiliasi dengan anggota Direksi lainnya, anggota        Does not have any affiliation with other members of the Board of Directors,
Dewan Komisaris, pemegang saham utama, dan pengendali baik langsung             members of the Board of Commissioners, controlling shareholders, or
maupun tidak langsung sampai kepada pemilik individu.                           ultimate individual shareholders, whether directly or indirectly.


Kepemilikan Saham                                                               Share Ownership
Tidak memiliki saham di Bank Mandiri Taspen.                                    Does not own shares in Bank Mandiri Taspen.




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Page 119
                                                                                                                                           PT Bank Mandiri Taspen




                                                             Mahrauza Purnaditya*
                                                             Direktur Bisnis
                                                             Director of Business

                                                             Lahir di Padang pada tahun 1970.              Domisili / Domicile:         Warga negara Indonesia
                                                             Usia 55 tahun Per Desember 2025.              Jakarta, Indonesia           Indonesian citizen
                                                             Born in Padang in 1970.
                                                             Age 55 years as of December 2025.




Riwayat Pendidikan                                                                       Educational Background
• Sarjana Akuntansi dari Universitas Andalas, Padang (1994).                             • Bachelor’s Degree in Accounting from Universitas Andalas, Padang (1994).
• Magister Manajemen Agribisnis dari Institut Pertanian Bogor, Bogor (2004).             • Master’s Degree in Agribusiness Management from Institut Pertanian Bogor, Bogor
                                                                                           (2004).


Sertifikasi                                                                              Certification
Sertifikasi Manajemen Risiko Perbankan Kualifikasi 7, LSP Lembaga Sertifikasi Profesi    Banking Risk Management Certification – Qualification Level 7, issued by the Banking
Perbankan.                                                                               Professional Certification Institute (LSP Perbankan).


Riwayat Jabatan                                                                          Job History
   Dasar Hukum Pengangkatan                                                                 Legal Basis of Appointment
   Diangkat sebagai Direktur Bisnis Bank Mandiri Taspen untuk pertama kalinya               Appointed as Director of Business of Bank Mandiri Taspen for the first time since
   sejak 04 Desember 2025 berdasarkan Akta Keputusan Sirkuler No. 25 tahun                  December 4, 2025, based on the Circular Resolution Deed No. 25 of 2025 dated
   2025 tanggal 18 Desember 2025, efektif menjabat setelah lulus uji Penilaian              December 18, 2025, and effectively assumed office after passing the Fit and
   Kemampuan dan Kepatutan OJK.                                                             Proper Test conducted by the Otoritas Jasa Keuangan.

   Rangkap Jabatan                                                                          Concurrent Position
   • Anggota tetap yang memiliki hak suara Komite Manajemen Risiko Bank                     • Permanent member with voting rights of the Risk Management Committee of
     Mandiri Taspen.                                                                          Bank Mandiri Taspen.
   • Anggota tetap yang memiliki hak suara Komite Teknologi Informasi Bank                  • Permanent member with voting rights of the Information Technology Committee
     Mandiri Taspen.                                                                          of Bank Mandiri Taspen.
   • Wakil Ketua/anggota tetap yang memiliki hak suara Komite Kebijakan                     • Vice Chairman/permanent member with voting rights of the Credit Policy
     Perkreditan Bank Mandiri Taspen.                                                         Committee of Bank Mandiri Taspen.

   Tidak memiliki jabatan pada perusahaan terbuka lainnya.                                  Does not hold any position in other public companies.
   Pengalaman Kerja                                                                         Work Experience
   • Pemimpin Sentra Kredit Kecil Pecenongan PT Bank Negara Indonesia (Persero)             • Head of Small Credit Center Pecenongan, PT Bank Negara Indonesia (Persero)
     Tbk (2013–2015).                                                                         Tbk (2013–2015).
   • Pemimpin Sentra Kredit Kecil Kramat PT Bank Negara Indonesia (Persero) Tbk             • Head of Small Credit Center Kramat, PT Bank Negara Indonesia (Persero) Tbk
     (2015–2016).                                                                             (2015–2016).
   • Pemimpin Sentra Kredit Menengah Bandung PT Bank Negara Indonesia                       • Head of Medium Credit Center Bandung, PT Bank Negara Indonesia (Persero)
     (Persero) Tbk (2016–2017).                                                               Tbk (2016–2017).
   • Pemimpin Bisnis Banking Wilayah Kantor Semarang PT Bank Negara                         • Head of Regional Business Banking, Semarang Office, PT Bank Negara
     Indonesia (Persero) Tbk (2017–2019).                                                     Indonesia (Persero) Tbk (2017–2019).
   • Wakil Pemimpin Divisi Risiko Kredit Kecil Menengah & Usaha Kecil                       • Deputy Head of SME and Small Business Credit Risk Division, PT Bank Negara
     PT Bank Negara Indonesia (Persero) Tbk (2019–2020).                                      Indonesia (Persero) Tbk (2019–2020).
   • CEO Regional Office 9 Wilayah Kalimantan PT Bank Negara Indonesia                      • CEO of Regional Office 9 Kalimantan, PT Bank Negara Indonesia (Persero) Tbk
     (Persero) Tbk (2020–2022).                                                               (2020–2022).
   • CEO Regional Office 12 Wilayah Jakarta Kota PT Bank Negara Indonesia                   • CEO of Regional Office 12 Jakarta City, PT Bank Negara Indonesia (Persero) Tbk
     (Persero) Tbk (2022–2024).                                                               (2022–2024).
   • Talent Pool Human Capital PT Bank Negara Indonesia (Persero) Tbk (2024).               • Talent Pool Human Capital, PT Bank Negara Indonesia (Persero) Tbk (2024).
   • Senior Business Executive Enterprise Banking PT Bank Negara Indonesia                  • Senior Business Executive, Enterprise Banking, PT Bank Negara Indonesia
     (Persero) Tbk (2024–2025).                                                               (Persero) Tbk (2024–2025).
   • Credit Operations Division Head PT Bank Negara Indonesia (Persero) Tbk                 • Head of Credit Operations Division, PT Bank Negara Indonesia (Persero) Tbk
     (2025).                                                                                  (2025).
   • Direktur Bisnis PT Bank Mandiri Taspen (2025–sekarang).                                • Director of Business, PT Bank Mandiri Taspen (2025–present).


Periode Jabatan                                                                          Serving Period
Periode I – 4 Desember 2025 sampai dengan penutupan RUPS 2028.                           Period I – December 4, 2025 until the closing of the 2028 General Meeting of
                                                                                         Shareholders (GMS).


Hubungan Afiliasi                                                                        Affiliation Relationships
Tidak memiliki hubungan afiliasi dengan anggota Direksi lainnya, anggota Dewan           Does not have any affiliation with other members of the Board of Directors,
Komisaris, pemegang saham utama, dan pengendali baik langsung maupun tidak               members of the Board of Commissioners, controlling shareholders, or ultimate
langsung sampai kepada pemilik individu.                                                 individual shareholders, whether directly or indirectly.


Kepemilikan Saham                                                                        Share Ownership
Tidak memiliki saham di Bank Mandiri Taspen.                                             Does not own shares in Bank Mandiri Taspen.

* Telah diangkat berdasarkan keputusan sirkuler Pemegang Saham tanggal 04 Desember 2025
  dan masih dalam proses Penilaian Kemampuan & Kepatutan oleh Otoritas Jasa Keuangan.
  Appointed based on the Circular Resolution of the Shareholders dated December 4, 2025
  and is currently in the process of the Fit and Proper Test conducted by Otoritas Jasa Keuangan.



2025 Annual Report                                                                                                                                              119
Page 120
Profil Perusahaan
Company Profile




                                                             Rizky Olyvia Nasution*
                                                             Direktur Funding (Retail & Network)
                                                             Director of Funding (Retail & Network)

                                                             Lahir di Jakarta pada tahun 1988.            Domisili / Domicile:       Warga negara Indonesia
                                                             Usia 37 tahun Per Desember 2025.             Jakarta, Indonesia         Indonesian citizen
                                                             Born in Jakarta in 1988.
                                                             Age 37 years as of December 2025.




Riwayat Pendidikan                                                                       Educational Background
• Sarjana Ilmu Hubungan Internasional dari Universitas Padjadjaran,                      • Bachelor’s Degree in International Relations from Universitas Padjadjaran,
  Bandung (2010).                                                                          Bandung (2010).
• Magister Manajemen dari Universitas Gadjah Mada, Yogyakarta (2024).                    • Master’s Degree in Management from Universitas Gadjah Mada,
                                                                                           Yogyakarta (2024).

Sertifikasi                                                                              Certification
Sertifikasi Manajemen Risiko Perbankan Kualifikasi 7 Tanpa Berjenjang,                   Banking Risk Management Certification – Level 7 (Non-Graded), issued
LSP Lembaga Sertifikasi Profesi Perbankan.                                               by the Banking Professional Certification Institute (LSP Perbankan).

Riwayat Jabatan                                                                          Job History
  Dasar Hukum Pengangkatan                                                                  Legal Basis of Appointment
  Diangkat sebagai Direktur Funding (Retail & Network) Bank Mandiri                         Appointed as Director of Funding (Retail & Network) of Bank Mandiri
  Taspen untuk pertama kalinya sejak 04 Desember 2025 berdasarkan                           Taspen for the first time since December 4, 2025, based on the Circular
  Akta Keputusan Sirkuler No. 25 tahun 2025 tanggal 18 Desember 2025,                       Resolution Deed No. 25 of 2025 dated December 18, 2025, and effectively
  efektif menjabat setelah lulus uji Penilaian Kemampuan dan Kepatutan                      assumed office after passing the Fit and Proper Test conducted by the
  OJK.                                                                                      Otoritas Jasa Keuangan..
  Rangkap Jabatan                                                                           Concurrent Position
  • Anggota tetap yang memiliki hak suara Komite Manajemen Risiko Bank                      • Permanent member with voting rights of the Risk Management
    Mandiri Taspen.                                                                           Committee of Bank Mandiri Taspen.
  • Anggota tetap yang memiliki hak suara Komite Kebijakan Perkreditan                      • Permanent member with voting rights of the Credit Policy Committee
    Bank Mandiri Taspen.                                                                      of Bank Mandiri Taspen.
  Tidak memiliki jabatan pada perusahaan terbuka lainnya.                                   Does not hold any position in other public companies.
  Pengalaman Kerja                                                                          Work Experience
  •   Business Development Associates Citibank Indonesia (2010–2011).                       •   Business Development Associate, Citibank Indonesia (2010–2011).
  •   Supervisor Advance Executive PT Bank HSBC Indonesia (2011–2013).                      •   Supervisor, Advance Executive, PT Bank HSBC Indonesia (2011–2013).
  •   Relationship Manager PT Bank HSBC Indonesia (2013–2014).                              •   Relationship Manager, PT Bank HSBC Indonesia (2013–2014).
  •   Senior Relationship Manager PT Bank HSBC Indonesia (2014–2015).                       •   Senior Relationship Manager, PT Bank HSBC Indonesia (2014–2015).
  •   Komisaris PT Dahana (2021–2025).                                                      •   Commissioner, PT Dahana (2021–2025).
  •   Direktur Direktur Funding (Retail & Network) PT Bank Mandiri Taspen                   •   Director of Funding (Retail & Network), PT Bank Mandiri Taspen
      (2025 –sekarang).                                                                         (2025–present).



Periode Jabatan                                                                          Serving Period
Periode I – 4 Desember 2025 sampai dengan penutupan RUPS 2028.                           Period I – December 4, 2025 until the closing of the 2028 General Meeting
                                                                                         of Shareholders (GMS)..


Hubungan Afiliasi                                                                        Affiliation Relationships
Tidak memiliki hubungan afiliasi dengan anggota Direksi lainnya, anggota                 Does not have any affiliation with other members of the Board of Directors,
Dewan Komisaris, pemegang saham utama, dan pengendali baik langsung                      members of the Board of Commissioners, controlling shareholders, or
maupun tidak langsung sampai kepada pemilik individu.                                    ultimate individual shareholders, whether directly or indirectly.


Kepemilikan Saham                                                                        Share Ownership
Tidak memiliki saham di Bank Mandiri Taspen.                                             Does not own shares in Bank Mandiri Taspen.




* Telah diangkat berdasarkan keputusan sirkuler Pemegang Saham tanggal 04 Desember 2025
  dan masih dalam proses Penilaian Kemampuan & Kepatutan oleh Otoritas Jasa Keuangan.
  Appointed based on the Circular Resolution of the Shareholders dated December 4, 2025
  and is currently in the process of the Fit and Proper Test conducted by Otoritas Jasa Keuangan.




      120                                                                                                                                    Laporan Tahunan 2025
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                                                                                                                                              PT Bank Mandiri Taspen




                                                               Noer Fajrieansyah*
                                                               Direktur Transformasi & Pengembangan Usaha
                                                               Director of Transformation & Business Development

                                                               Lahir di Jakarta pada tahun 1983.              Domisili / Domicile:         Warga negara Indonesia
                                                               Usia 42 tahun Per Desember 2025.               Jakarta, Indonesia           Indonesian citizen
                                                               Born in Jakarta in 1983.
                                                               Age 42 years as of December 2025.




Riwayat Pendidikan                                                                         Educational Background
•   Sarjana Risk Management dari Universitas Trisakti, Jakarta (2006).                     •   Bachelor’s Degree in Risk Management from Universitas Trisakti, Jakarta (2006).
•   Sarjana Hukum dari Universitas Indonesia, Depok (2010).                                •   Bachelor’s Degree in Law from Universitas Indonesia, Depok (2010).
•   Master of Public Policy dari Universitas Prof. Dr. Moestopo, Jakarta (2019).           •   Master of Public Policy from Universitas Prof. Dr. Moestopo, Jakarta (2019).
•   Doktor Ilmu Administrasi Publik dari Universitas Brawijaya, Malang (2026).             •   Doctorate in Public Administration from Universitas Brawijaya, Malang (2026).


Sertifikasi                                                                                Certification
Sertifikasi Manajemen Risiko Perbankan Kualifikasi 7 Tanpa Berjenjang,                     Banking Risk Management Certification – Level 7 (Non-Graded), issued by the
LSP Lembaga Sertifikasi Profesi Perbankan.                                                 Banking Professional Certification Institute (LSP Perbankan).


Riwayat Jabatan                                                                            Job History
    Dasar Hukum Pengangkatan                                                                   Legal Basis of Appointment
    Diangkat sebagai Direktur Transformasi & Pengembangan Usaha Bank Mandiri                   Appointed as Director of Transformation & Business Development of Bank
    Taspen untuk pertama kalinya sejak 04 Desember 2025 berdasarkan Akta                       Mandiri Taspen for the first time since December 4, 2025, based on the Circular
    Keputusan Sirkuler No. 25 tahun 2025 tanggal 18 Desember 2025, efektif                     Resolution Deed No. 25 of 2025 dated December 18, 2025, and effectively
    menjabat setelah lulus uji Penilaian Kemampuan dan Kepatutan OJK.                          assumed office after passing the Fit and Proper Test conducted by the Otoritas
                                                                                               Jasa Keuangan.

    Rangkap Jabatan                                                                            Concurrent Position
    • Bendahara Umum Gerakan Pemuda Ansor (2024-sekarang).                                     • General Treasurer of Gerakan Pemuda Ansor (2024-present).
    • Anggota tetap yang memiliki hak suara Komite Manajemen Risiko Bank                       • Permanent member with voting rights of the Risk Management Committee
      Mandiri Taspen.                                                                            of Bank Mandiri Taspen.
    • Anggota tetap yang memiliki hak suara Komite Kebijakan Perkreditan Bank                  • Permanent member with voting rights of the Credit Policy Committee of Bank
      Mandiri Taspen.                                                                            Mandiri Taspen.

    Tidak memiliki jabatan pada perusahaan terbuka lainnya.                                    Does not hold any position in other public companies.

    Pengalaman Kerja                                                                           Work Experience
    • Wakil Ketua Kamar Dagang Indonesia (KADIN) Provinsi Jawa Timur                           • Vice Chairman, Indonesian Chamber of Commerce and Industry (KADIN) – East
      (2014–2019).                                                                               Java Province (2014–2019).
    • Advisor Strategic & Corporate Affair Director PT Plaza Indonesia Realty Tbk              • Advisor to the Director of Strategic & Corporate Affairs, PT Plaza Indonesia
      (2015–2015).                                                                               Realty Tbk (2015).
    • Ketua Umum Komite Nasional Pemuda Indonesia (2015–2018).                                 • Chairman, Indonesian National Youth Committee (KNPI) (2015–2018).
    • Wakil Sekretaris Jenderal Majelis Pimpinan Nasional Pemuda Pancasila                     • Deputy Secretary General, National Leadership Council of Pemuda Pancasila
      (2015–2020).                                                                               (2015–2020).
    • Direktur Sumber Daya Korporat PT Perusahaan Perdagangan Indonesia                        • Director of Corporate Resources, PT Perusahaan Perdagangan Indonesia
      (Persero) (2015–2017).                                                                     (Persero) (2015–2017).
    • President Commisioner PT Dharma Niaga Putera Steel (2016 –2017).                         • President Commissioner, PT Dharma Niaga Putera Steel (2016–2017).
    • Direktur Hubungan Strategis dan Kelembagaan PT Pos Indonesia (Persero)                   • Director of Strategic and Institutional Relations, PT Pos Indonesia (Persero)
      (2017–2020).                                                                               (2017–2020).
    • Direktur Kelembagaan PT Permodalan Nasional Madani (Persero)                             • Director of Institutional Affairs, PT Permodalan Nasional Madani (Persero)
      (2020–2021).                                                                               (2020–2021).
    • Komisaris PT Petrokimia Gresik (2021–2025).                                              • Commissioner, PT Petrokimia Gresik (2021–2025).
    • Direktur Transformasi & Pengembangan Usaha Bank Mandiri Taspen                           • Director of Transformation & Business Developments, PT Bank Mandiri Taspen
      (2025–sekarang).                                                                           (2025–present).


Periode Jabatan                                                                            Serving Period
Periode I – 4 Desember 2025 sampai dengan penutupan RUPS 2028.                             Period I – December 4, 2025 until the closing of the 2028 General Meeting of
                                                                                           Shareholders (GMS)..


Hubungan Afiliasi                                                                          Affiliation Relationships
Tidak memiliki hubungan afiliasi dengan anggota Direksi lainnya, anggota Dewan             Does not have any affiliation with other members of the Board of Directors,
Komisaris, pemegang saham utama, dan pengendali baik langsung maupun tidak                 members of the Board of Commissioners, controlling shareholders, or ultimate
langsung sampai kepada pemilik individu.                                                   individual shareholders, whether directly or indirectly.


Kepemilikan Saham                                                                          Share Ownership
Tidak memiliki saham di Bank Mandiri Taspen.                                               Does not own shares in Bank Mandiri Taspen.

* Telah diangkat berdasarkan keputusan sirkuler Pemegang Saham tanggal 04 Desember 2025
  dan masih dalam proses Penilaian Kemampuan & Kepatutan oleh Otoritas Jasa Keuangan.
    Appointed based on the Circular Resolution of the Shareholders dated December 4, 2025
    and is currently in the process of the Fit and Proper Test conducted by Otoritas Jasa Keuangan.




2025 Annual Report                                                                                                                                                 121
Page 122
Profil Perusahaan
Company Profile




Pendidikan dan/atau Pelatihan Direksi                              Education and/or Training Of Directors

Uraian pendidikan dan/atau pelatihan Direksi pada tahun buku       A description of the education and/or training of the Board of
disajikan pada Bab Corporate Governance.                           Directors during the financial year is presented in the Corporate
                                                                   Governance Chapter.


Perubahan Komposisi Anggota Direksi                                Changes and Changing Reasons
dan Alasan Perubahannya                                            in The Composition of The Members
                                                                   of The Board of Directors

Selama tahun 2025, Komposisi anggota Direksi Bank Mandiri          During 2025, the composition of the Board of Directors of Bank
Taspen mengalami perubahan sesuai dengan kebutuhan Bank            Mandiri Taspen changed in accordance with the needs of the
sebagaimana dijelaskan berikut.                                    bank as explained below.


Komposisi Direksi Sebelum RUPS Luar Biasa                          Composition of The Board of Directors Prior
Tanggal 25 September 2025                                          to The Extraordinary General Meeting of
                                                                   Shareholders (EGMS) on September 25, 2025

Komposisi Direksi sebelum RUPS Luar Biasa tanggal 25               The composition of the Board of Directors prior to the
September 2025 sebanyak 5 (lima) orang yang terdiri dari           Extraordinary General Meeting of Shareholders (EGMS)
1 (satu) orang Direktur Utama, dan 4 (empat) orang Direksi.        held on September 25, 2025 consisted of 5 (five) members,
Komposisi dan dasar pengangkatan Direksi dapat dilihat pada        comprising 1 (one) President Director and 4 (four) Directors.
tabel di bawah ini.                                                The composition and basis for the appointment of the Board of
                                                                   Directors are presented in the table below.

Tabel Komposisi dan Dasar Pengangkatan Direksi Sebelum RUPS Luar Biasa Tanggal 25 September 2025
Table of Composition and Basis of Appointment of the Board of Directors
Prior to the Extraordinary General Meeting of Shareholders (EGMS) on September 25, 2025


             Nama                  Jabatan             Pelaksana             Dasar Pengangkatan                  Tanggal Efektif
             Name                  Position            Organizer             Basis of Appointment                 Effective Date


                               Direktur Utama                      Akta Keputusan Sirkuler No. 31 tahun 2021   23 Desember 2020
 Elmamber Petamu Sinaga                                  OJK
                              President Director                        Circular Decree No. 31 year 2021       December 23, 2020

                              Direktur Business                    Akta Keputusan RUPS No. 20 Tahun 2021       11 November 2021
 Maswar Purnama                                          OJK
                             Director of Business                  Deed of GMS Resolution No. 20 year 2021     November 11, 2021

                            Direktur IT & Digital                  Akta Keputusan Sirkuler No. 20 Tahun 2023      28 Mei 2024
 Widi Nugroho                                            OJK
                           Director of IT & Digital                     Circular Decree No. 20 year 2023          May 28, 2024

                            Direktur Finance, Risk
                                & Operations                       Akta Keputusan Sirkuler No. 12 Tahun 2024       06 Juni 2024
 Putu Apriyanto                                          OJK
                           Director of Finance, Risk                    Circular Decree No. 12 year 2024          June 06, 2024
                                & Operations

                            Direktur Compliance
                                  & Control                        Akta Keputusan Sirkuler No. 18 Tahun 2024   06 November 2024
 Resi Lora                                               OJK
                           Director of Compliance                       Circular Decree No. 18 year 2024       November 06, 2024
                                  & Control



Komposisi Direksi Setelah RUPS Luar Biasa                          Composition of The Board of Directors
Tanggal 25 September 2025                                          After the Extraordinary General Meeting of
                                                                   Shareholders (EGMS) on September 25, 2025

Pada tanggal 25 September 2025 RUPS Luar Biasa                     On September 25, 2025, the Extraordinary General Meeting
memutuskan menyetujui untuk menerima pengunduran diri              of Shareholders (EGMS) resolved to approve the resignation
Elmamber Petamu Sinaga dari jabatannya sebagai Direktur            of Elmamber Petamu Sinaga from his position as President
Utama. Dengan demikian, komposisi Direksi setelah RUPS Luar        Director. Accordingly, the composition of the Board of Directors
Biasa Tahun tanggal 25 September 2025 sebanyak 4 (empat)           following the EGMS on September 25, 2025 consisted of 4
orang Direksi. Komposisi dan dasar pengangkatan Direksi            (four) Directors. The composition and basis for the appointment
dapat dilihat pada tabel di bawah ini.                             of the Board of Directors are presented in the table below.



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                                                                                                            PT Bank Mandiri Taspen




Tabel Komposisi dan Dasar Pengangkatan Direksi Setelah RUPS Luar Biasa Tanggal 25 September 2025
Table of Composition and Basis of Appointment of the Board of Directors
After the Extraordinary General Meeting of Shareholders (EGMS) on September 25, 2025


             Nama                   Jabatan             Pelaksana             Dasar Pengangkatan                  Tanggal Efektif
             Name                   Position            Organizer             Basis of Appointment                 Effective Date


                               Direktur Business                    Akta Keputusan RUPS No. 20 Tahun 2021       11 November 2021
 Maswar Purnama                                           OJK
                              Director of Business                  Deed of GMS Resolution No. 20 year 2021     November 11, 2021

                              Direktur IT & Digital                 Akta Keputusan RUPS No. 20 Tahun 2023         28 Mei 2024
 Widi Nugroho                                             OJK
                             Director of IT & Digital               Deed of GMS Resolution No. 20 year 2023       May 28, 2024

                               Direktur Finance,
                              Risk & Operations                     Akta Keputusan Sirkuler No. 12 Tahun 2024      06 Juni 2024
 Putu Apriyanto                                           OJK
                              Director of Finance,                      Circular Decree No. 12 year 2024          June 06, 2024
                              Risk & Operations

                                   Direktur
                             Compliance & Control                   Akta Keputusan Sirkuler No. 18 Tahun 2024   06 November 2024
 Resi Lora                                                OJK
                                 Director of                            Circular Decree No. 18 year 2024        November 06, 2024
                             Compliance & Control




Komposisi Direksi Setelah RUPS Luar Biasa                           Composition of The Board of Directors
Tanggal 4 Desember 2025                                             After The Extraordinary General Meeting of
                                                                    Shareholders (EGMS) on December 4, 2025

Pada tanggal 4 Desember 2025 RUPS Luar Biasa memutuskan:            On 4 December 2025, the Extraordinary General Meeting of
                                                                    Shareholders (EGMS) resolved:
1. Menyetujui pemberhentian dengan hormat:                          1. Approved the honorable dismissal of:
   a. Maswar Purnama sebagai Direktur Business.                        a. Maswar Purnama as Director of Business.
   b. Widi Nugroho sebagai Direktur IT & Digital.                      b. Widi Nugroho as Director of IT & Digital.
   c. Putu Apriyanto sebagai Direktur Finance, Risk                    c. Putu Apriyanto as Director of Finance,
      & Operations.                                                        Risk & Operations.
   d. Resi Lora sebagai Direktur Compliance & Control.                 d. Resi Lora as Director of Compliance & Control.
2. Menyetujui pengangkatan Direksi sebagai berikut:                 2. Approved the appointment of the following members of
                                                                       the Board of Directors:
    a. Panji Irawan sebagai Direktur Utama.                            a. Panji Irawan as President Director.
    b. Rudi As Aturridha sebagai Wakil Direktur Utama.                 b. Rudi As Aturridha as Vice President Director.
    c. Rio Lanasier sebagai Direktur Compliance & Human                c. Rio Lanasier as Director of Compliance & Human
       Resource.                                                           Resources.
    d. Henrisa Yunan Lubis sebagai Direktur IT & Digital.              d. Henrisa Yunan Lubis as Director of IT & Digital.
    e. Rima Cahyani sebagai Direktur Keuangan & Risk.                  e. Rima Cahyani as Director of Finance & Risk.
    f. Mahrauza Purnaditya sebagai Direktur Bisnis.                    f. Mahrauza Purnaditya as Director of Business.
    g. Rizky Olyvia Nasution sebagai Direktur Funding                  g. Rizky Olyvia Nasution as Director of Funding
       (Retail & Network).                                                 (Retail & Network).
    h. Noer Fajrieansyah sebagai Direktur Transformasi                 h. Noer Fajrieansyah as Director of Transformation
       & Pengembangan Usaha.                                               & Business Development.

Dengan demikian, komposisi Direksi setelah RUPS Luar Biasa          Accordingly, the composition of the Board of Directors
tanggal 4 Desember 2025 sebanyak 8 (delapan) orang Direksi          following the EGMS on December 4, 2025 consisted of 8
yang terdiri dari 1 (satu) orang Direktur Utama, 1 (satu) orang     (eight) members, comprising 1 (one) President Director, 1 (one)
Wakil Direktur Utama dan 6 (enam) orang Direktur. Komposisi         Vice President Director, and 6 (six) Directors. The composition
dan dasar pengangkatan Direksi dapat dilihat pada tabel di          and basis for the appointment of the Board of Directors are
bawah ini.                                                          presented in the table below.




2025 Annual Report                                                                                                         123
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Profil Perusahaan
Company Profile




Tabel Komposisi dan Dasar Pengangkatan Direksi Setelah RUPS Luar Biasa Tanggal 4 Desember 2025
Table of Composition and Basis of Appointment of the Board of Directors
After the Extraordinary General Meeting of Shareholders (EGMS) on December 4, 2025


           Nama                  Jabatan              Pelaksana             Dasar Pengangkatan                  Tanggal Efektif
           Name                  Position             Organizer             Basis of Appointment                 Effective Date



                             Direktur Utama                       Akta Keputusan Sirkuler No. 25 tahun 2025      21 Januari 2026
 Panji Irawan                                           OJK
                            President Director                     Circular Resolution Deed No. 25 of 2025      January 21, 2026


                                                                                                              Sedang dalam proses
                                                                                                              Fit & Proper Test OJK
                          Wakil Direktur Utama                    Akta Keputusan Sirkuler No. 25 tahun 2025   Currently undergoing
 Rudi As Aturridha                                      OJK                                                     the Fit and Proper
                          Vice President Director                  Circular Resolution Deed No. 25 of 2025
                                                                                                               Test conducted by
                                                                                                                 the Otoritas Jasa
                                                                                                                    Keuangan.


                           Direktur Compliance
                           & Human Resource             OJK       Akta Keputusan Sirkuler No. 25 tahun 2025     13 Maret 2026
 Rio Lanasier
                          Director of Compliance                   Circular Resolution Deed No. 25 of 2025      March 13, 2026
                           & Human Resources


                                                                                                              Sedang dalam proses
                                                                                                              Fit & Proper Test OJK
                           Direktur IT & Digital                  Akta Keputusan Sirkuler No. 25 tahun 2025   Currently undergoing
 Henrisa Yunan Lubis                                    OJK                                                     the Fit and Proper
                          Director of IT & Digital                 Circular Resolution Deed No. 25 of 2025
                                                                                                               Test conducted by
                                                                                                                 the Otoritas Jasa
                                                                                                                    Keuangan.


                         Direktur Keuangan & Risk                 Akta Keputusan Sirkuler No. 25 tahun 2025      27 April 2026
 Rima Cahyani                                           OJK
                         Director of Finance & Risk                Circular Resolution Deed No. 25 of 2025       April 27, 2026


                                                                                                              Sedang dalam proses
                                                                                                              Fit & Proper Test OJK
                              Direktur Bisnis                     Akta Keputusan Sirkuler No. 25 tahun 2025   Currently undergoing
 Mahrauza Purnaditya                                    OJK                                                     the Fit and Proper
                           Director of Business                    Circular Resolution Deed No. 25 of 2025
                                                                                                               Test conducted by
                                                                                                                 the Otoritas Jasa
                                                                                                                    Keuangan.


                                                                                                              Sedang dalam proses
                             Direktur Funding                                                                 Fit & Proper Test OJK
                            (Retail & Network)                                                                Currently undergoing
                                                                  Akta Keputusan Sirkuler No. 25 tahun 2025
 Rizky Olyvia Nasution      Director of Funding         OJK                                                     the Fit and Proper
                                                                   Circular Resolution Deed No. 25 of 2025
                            (Retail & Network)                                                                 Test conducted by
                                                                                                                 the Otoritas Jasa
                                                                                                                    Keuangan.


                                                                                                              Sedang dalam proses
                                 Direktur                                                                     Fit & Proper Test OJK
                             Transformasi &
                          Pengembangan Usaha                      Akta Keputusan Sirkuler No. 25 tahun 2025   Currently undergoing
 Noer Fajrieansyah                                      OJK                                                     the Fit and Proper
                                Director of                        Circular Resolution Deed No. 25 of 2025
                            Transformation &                                                                   Test conducted by
                          Business Development                                                                   the Otoritas Jasa
                                                                                                                    Keuangan.




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                                                                                                                                     PT Bank Mandiri Taspen




Profil Dewan Komisaris
Profile of Board of Commissioner



                                                            Junaidi Hisom
                                                            Komisaris Utama Independen
                                                            Independent President Commissioner

                                                            Lahir di Semangus pada tahun 1958.       Domisili / Domicile:         Warga negara Indonesia
                                                            Usia 67 tahun Per Desember 2025.         Jakarta, Indonesia           Indonesian citizen
                                                            Born in Semangus in 1958.
                                                            Age 67 years as of December 2025.




Riwayat Pendidikan                                                                 Educational Background
• Diploma Keuangan dan Perbankan dari Akademi Ilmu Perbankan PERBANAS,             • Diploma in Finance and Banking from Akademi Ilmu Perbankan PERBANAS,
  Palembang (1979).                                                                  Palembang (1979).
• Sarjana Manajemen dari Universitas Sriwijaya, Palembang (1989).                  • Bachelor’s Degree in Management from Universitas Sriwijaya, Palembang
                                                                                     (1989).
• Magister Manajemen dari Sekolah Tinggi Ilmu Ekonomi IPWI, Palembang              • Master’s Degree in Management from Sekolah Tinggi Ilmu Ekonomi IPWI,
  (1998).                                                                            Palembang (1998).


Sertifikasi                                                                        Certification
Sertifikasi Manajemen Risiko Perbankan Kualifikasi 7, LSP Lembaga Sertifikasi      Banking Risk Management Certification – Qualification Level 7, issued by the Banking
Profesi Perbankan.                                                                 Professional Certification Institute (LSP Perbankan).


Riwayat Jabatan                                                                    Job History
   Dasar Hukum Pengangkatan                                                           Legal Basis of Appointment
   Diangkat sebagai Komisaris Utama Independen Bank Mandiri Taspen untuk              Appointed as Independent President Commissioner of Bank Mandiri Taspen for
   pertama kalinya sejak 04 Desember 2025 berdasarkan Akta Keputusan Sirkuler         the first time since December 4, 2025, based on the Circular Resolution Deed
   No. 25 tahun 2025 tanggal 18 Desember 2025, efektif menjabat setelah lulus         No. 25 of 2025 dated December 18, 2025, and effectively assumed office after
   uji Penilaian Kemampuan dan Kepatutan OJK pada 06 Maret 2026.                      passing the Fit and Proper Test conducted by the Otoritas Jasa Keuangan on
                                                                                      March 6, 2026.

   Rangkap Jabatan                                                                    Concurrent Position
   • Ketua Merangkap Anggota Komite Remunerasi dan Nominasi PT Bank                   • Chairman and Member of the Remuneration and Nomination Committee of
     Mandiri Taspen (2026 –sekarang).                                                    Bank Mandiri Taspen (2026 –present)
   Tidak memiliki jabatan pada perusahaan terbuka lainnya.                            Does not hold any positions in other public companies.

   Pengalaman Kerja                                                                   Work Experience
   • Pemimpin Sentra Kredit Menengah Balikpanan PT Bank Negara Indonesia              • Head of Medium Credit Center Balikpapan, PT Bank Negara Indonesia
     (Persero) Tbk (2007–2008).                                                         (Persero) Tbk (2007–2008).
   • Pemimpin Sentra Kredit Menengah Jakarta Kota PT Bank Negara Indonesia            • Head of Medium Credit Center Jakarta City, PT Bank Negara Indonesia (Persero)
     (Persero) Tbk (2008–2009).                                                         Tbk (2008–2009).
   • CEO Regional Wilayah 09 Kalimantan PT Bank Negara Indonesia (Persero)            • CEO of Regional Office 09 Kalimantan, PT Bank Negara Indonesia (Persero) Tbk
     Tbk (2009–2010).                                                                   (2009–2010).
   • General Manager Organizational Learning Division PT Bank Negara                  • General Manager, Organizational Learning Division, PT Bank Negara Indonesia
     Indonesia (Persero) Tbk (2010–2012).                                               (Persero) Tbk (2010–2012).
   • Pemimpin Divisi Human Capital PT Bank Negara Indonesia (Persero) Tbk             • Head of Human Capital Division, PT Bank Negara Indonesia (Persero) Tbk
     (2010–2012).                                                                       (2010–2012).
   • Chief Operating and Financial Officer PT Bank BNI Syariah (2012–2013).           • Chief Operating and Financial Officer, PT Bank BNI Syariah (2012–2013).
   • Plt. Direktur Risiko & Kepatuhan PT Bank BNI Syariah (2016–2018).                • Acting Director of Risk & Compliance, PT Bank BNI Syariah (2016–2018).
   • Direktur Operasional PT Bank BNI Syariah (2013–2018).                            • Director of Operations, PT Bank BNI Syariah (2013–2018).
   • Wakil Ketua Umum Kamar Dagang Indonesia Bidang Keuangan dan                      • Vice Chairman for Finance and Banking, Indonesian Chamber of Commerce
     Perbankan (2018–2021).                                                             and Industry (2018–2021).
   • Komisaris Utama PT Persona Prima Utama (BNI Swadharma Group)                     • President Commissioner, PT Persona Prima Utama (BNI Swadharma Group)
     (2021–2024).                                                                       (2021–2024).
   • Komisaris Independen PT Bank Pembangunan Daerah Lampung                          • Independent Commissioner, PT Bank Pembangunan Daerah Lampung
     (2021–2025).                                                                       (2021–2025).
   • Komisaris Utama Independen PT Bank Mandiri Taspen (2025–sekarang).               • Independent President Commissioner, Bank Mandiri Taspen (2025–present).


Periode Jabatan                                                                    Serving Period
Periode I – 4 Desember 2025 sampai dengan penutupan RUPS 2028.                     Period I – December 4, 2025 until the closing of the 2028 General Meeting
                                                                                   of Shareholders (GMS).


Hubungan Afiliasi                                                                  Affiliation Relationships
Tidak memiliki hubungan afiliasi dengan anggota Direksi lainnya, anggota Dewan     Does not have any affiliation with other members of the Board of Directors,
Komisaris, pemegang saham utama, dan pengendali baik langsung maupun tidak         members of the Board of Commissioners, controlling shareholders, or ultimate
langsung sampai kepada pemilik individu.                                           individual shareholders, whether directly or indirectly.


Kepemilikan Saham                                                                  Share Ownership
Tidak memiliki saham di Bank Mandiri Taspen.                                       Does not own shares in Bank Mandiri Taspen.




2025 Annual Report                                                                                                                                        125
Page 126
Profil Perusahaan
Company Profile




                                                         Boedi Armanto
                                                         Komisaris Independen
                                                         Independent Commissioner

                                                         Lahir di Malang pada tahun 1959.          Domisili / Domicile:         Warga negara Indonesia
                                                         Usia 66 tahun Per Desember 2025.          Jakarta, Indonesia           Indonesian citizen
                                                         Born in Malang in 1959.
                                                         Age 66 years as of December 2025.



Riwayat Pendidikan                                                                Educational Background
• Sarjana Agronomi dari Institut Pertanian Bogor (1982).                          • Bachelor’s Degree in Agronomy from Institut Pertanian Bogor (1982).
• Master of Applied Economics dari University of Minnesota, Minneapolis           • Master of Applied Economics from the University of Minnesota, Minneapolis
  (1989).                                                                           (1989).
• Doktor Ilmu Ekonomi dari Universitas Indonesia, Depok (2005).                   • Doctorate in Economics from Universitas Indonesia, Depok (2005).

Sertifikasi                                                                       Certification
Sertifikasi Manajemen Risiko Perbankan Kualifikasi 7, LSP Lembaga Sertifikasi     Banking Risk Management Certification – Qualification Level 7, issued by the
Profesi Perbankan.                                                                Banking Professional Certification Institute (LSP Perbankan).


Riwayat Jabatan                                                                   Job History
  Dasar Hukum Pengangkatan                                                           Legal Basis of Appointment
  Diangkat sebagai Komisaris Independen Bank Mandiri Taspen untuk pertama            Appointed as Independent Commissioner of Bank Mandiri Taspen for the first
  kalinya sejak 27 Juni 2023 berdasarkan Akta Keputusan Sirkuler No. 21              time since June 27, 2023, based on the Circular Resolution Deed No. 21 of 2023
  tahun 2023 tanggal 27 Juni 2023, efektif menjabat setelah lulus uji Penilaian      dated June 27, 2023, and effectively assumed office after passing the Fit and
  Kemampuan dan Kepatutan OJK pada 11 Oktober 2023.                                  Proper Test conducted by the Otoritas Jasa Keuangan on October 11, 2023.

  Rangkap Jabatan                                                                    Concurrent Position
  • Ketua Merangkap Anggota Komite Audit PT Bank Mandiri Taspen                      • Chairman and Member of the Audit Committee of Bank Mandiri Taspen
    (2023 –sekarang).                                                                  (2023–present).
  • Ketua Merangkap Anggota Komite Pemantau Risiko PT Bank Mandiri Taspen            • Chairman and Member of the Risk Monitoring Committee of Bank Mandiri
    (2024 –sekarang).                                                                  Taspen (2024–present).
  • Anggota Komite Remunerasi dan Nominasi PT Bank Mandiri Taspen                    • Member of the Remuneration and Nomination Committee of Bank Mandiri
    (2023–sekarang).                                                                   Taspen (2023–present).

  Tidak memiliki jabatan pada perusahaan terbuka lainnya.                            Does not hold any positions in other public companies.

  Pengalaman Kerja                                                                   Work Experience
  • Anggota Tim Merger Bank-Bank BUMN Departemen Keuangan -                          • Member of the Merger Team for State-Owned Banks, Ministry of Finance -
    Dirjen Pembinaan BUMN dengan Bank Indonesia (1997–1998).                           Directorate General of State-Owned Enterprises, in collaboration with Bank
                                                                                       Indonesia (1997–1998).
  • Senior Vice President di Banking Restructuring, Badan Penyehatan Perbankan       • Senior Vice President, Banking Restructuring, Indonesian Bank Restructuring
    Nasional (1998–1999).                                                              Agency (IBRA) (1998–1999).
  • Kepala Bagian Departemen Pengawasan Bank 1 Bank Indonesia (1999–2002).           • Head of Division, Bank Supervision Department 1, Bank Indonesia (1999–2002).
  • Deputi Direktur Departemen Pengawasan Bank 1 Bank Indonesia (2002–2003).         • Deputy Director, Bank Supervision Department 1, Bank Indonesia (2002–2003).
  • Project Leader Work Stream Enterprise Wide Risk Management Bank                  • Project Leader, Work Stream Enterprise-Wide Risk Management, Special Unit
    Indonesia, Unit Khusus Program Tranformasi Bank Indonesia (2003–2005).             for Bank Indonesia Transformation Program, Bank Indonesia (2003–2005).
  • Analis Eksekutif Senior Departemen Perencanaan Strategis dan Hubungan            • Senior Executive Analyst, Strategic Planning and Public Relations Department,
    Masyarakat Bank Indonesia (2005–2005).                                             Bank Indonesia (2005).
  • Deputi Direktur Departemen Pengawasan Internal Bank Indonesia (2005–2008).       • Deputy Director, Internal Audit Department, Bank Indonesia (2005–2008).
  • Kepala Departemen Perizinan dan Informasi Perbankan Bank Indonesia (2008).       • Head of Banking Licensing and Information Department, Bank Indonesia (2008).
  • Kepala Departemen Pengawasan Bank 1 Bank Indonesia (2008–2012).                  • Head of Bank Supervision Department 1, Bank Indonesia (2008–2012).
  • Kepala Departemen Akuntansi dan Sistem Pembayaran Bank Indonesia                 • Head of Accounting and Payment Systems Department, Bank Indonesia
    (2012–2013).                                                                       (2012–2013).
  • Kepala Departemen Pengembangan Pengawasan dan Manajemen Krisis Bank              • Head of Supervision Development and Crisis Management Department, Bank
    Indonesia (2013–2013).                                                             Indonesia (2013).
  • Kepala Departemen Pengembangan Pengawasan dan Manajemen Krisis                   • Head of Supervision Development and Crisis Management Department,
    Otoritas Jasa Keuangan (2014–2015).                                                Otoritas Jasa Keuangan (2014–2015).
  • Deputi Komisioner Pengawas Perbankan II Otoritas Jasa Keuangan                   • Deputy Commissioner for Banking Supervision II, Otoritas Jasa Keuangan
    (2015–2017).                                                                       (2015–2017).
  • Plt. Deputi Komisioner Pengawas Perbankan IV Otoritas Jasa Keuangan              • Acting Deputy Commissioner for Banking Supervision IV, Otoritas Jasa
    (2016–2017).                                                                       Keuangan (2016–2017).
  • Deputi Komisioner Pengawas Perbankan IV Otoritas Jasa Keuangan (2017).           • Deputy Commissioner for Banking Supervision IV, Otoritas Jasa Keuangan (2017).
  • Deputi Komisioner Pengawas Perbankan I Otoritas Jasa Keuangan (2017–2019).       • Deputy Commissioner for Banking Supervision I, Otoritas Jasa Keuangan
                                                                                       (2017–2019).
  • Plt. Deputi Komisioner Pengawas Perbankan II Otoritas Jasa Keuangan              • Acting Deputy Commissioner for Banking Supervision II, Otoritas Jasa Keuangan
    (2018–2019).                                                                       (2018–2019).
  • Staf Ahli Pengawas Perbankan Otoritas Jasa Keuangan (2019–2020).                 • Advisor to Banking Supervision, Otoritas Jasa Keuangan (2019–2020).
  • Komisaris Independen PT Bank Mandiri (Persero) Tbk (2020–2023).                  • Independent Commissioner, PT Bank Mandiri (Persero) Tbk (2020–2023).
  • Komisaris Independen PT Bank Mandiri Taspen (2023–sekarang).                     • Independent Commissioner, PT Bank Mandiri Taspen (2023–present).


Periode Jabatan                                                                   Serving Period
Periode I – 27 Juni 2023 sampai dengan penutupan RUPS 2026.                       Period I – June 27, 2023 until the closing of the 2026 General Meeting of
                                                                                  Shareholders (GMS).


Hubungan Afiliasi                                                                 Affiliation Relationships
Tidak memiliki hubungan afiliasi dengan anggota Direksi lainnya, anggota Dewan    Does not have any affiliation with other members of the Board of Directors,
Komisaris, pemegang saham utama, dan pengendali baik langsung maupun tidak        members of the Board of Commissioners, controlling shareholders, or ultimate
langsung sampai kepada pemilik individu.                                          individual shareholders, whether directly or indirectly.


Kepemilikan Saham                                                                 Share Ownership
Tidak memiliki saham di Bank Mandiri Taspen.                                      Does not own shares in Bank Mandiri Taspen.




     126                                                                                                                                  Laporan Tahunan 2025
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                                                                                                                                          PT Bank Mandiri Taspen




                                                           Suhajar Diantoro*
                                                           Komisaris
                                                           Commissioner

                                                           Lahir di Sungai Ungar pada tahun 1964.           Domisili / Domicile:          Warga negara Indonesia
                                                           Usia 61 tahun Per Desember 2025.                 Jakarta, Indonesia            Indonesian citizen
                                                           Born in Sungai Ungar in 1964.
                                                           Age 61 years as of December 2025.



Riwayat Pendidikan                                                                   Educational Background
• Akademi Pemerintahan Dalam Negeri Pekanbaru (1987).                                • Diploma from the Academy of Domestic Government (APDN), Pekanbaru (1987).
• Sarjana Ilmu Pemerintahan dari Institut Ilmu Pemerintahan Jakarta (1990).          • Bachelor’s Degree in Government Studies from the Institute of Government
                                                                                        Studies, Jakarta (1990).
• Magister Manajemen dari Universitas Airlangga, Surabaya (2004).                    • Master’s Degree in Management from Universitas Airlangga, Surabaya (2004).
• Doktor Ilmu Sosial Politik dari Universitas Padjadjaran, Bandung (2011).           • Doctorate in Political and Social Sciences from Universitas Padjadjaran,
                                                                                        Bandung (2011).


Sertifikasi                                                                          Certification
Sertifikasi Manajemen Risiko Perbankan Kualifikasi 6 Tanpa Berjenjang,               Banking Risk Management Certification – Level 6 (Non-Graded), issued by the
LSP Lembaga Sertifikasi Profesi Perbankan.                                           Banking Professional Certification Institute (LSP Perbankan).


Riwayat Jabatan                                                                      Job History
   Dasar Hukum Pengangkatan                                                             Legal Basis of Appointment
   Diangkat sebagai Komisaris Independen Bank Mandiri Taspen untuk pertama              Appointed as Independent Commissioner of Bank Mandiri Taspen for the first
   kalinya sejak 27 Juni 2023, dialihtugaskan menjadi Komisaris berdasarkan Akta        time since June 27, 2023, and subsequently reassigned as Commissioner based
   Keputusan Sirkuler No. 18 tahun 2024 tanggal 27 Juni 2024, efektif menjabat          on the Circular Resolution Deed No. 18 of 2024 dated June 27, 2024, and
   setelah lulus uji Penilaian Kemampuan dan Kepatutan OJK.                             effectively assumed office after passing the Fit and Proper Test conducted by the
                                                                                        Otoritas Jasa Keuangan.

   Rangkap Jabatan                                                                      Concurrent Position
   • Wakil Kepala II Badan Otorita Pengelola Pantai Utara Jawa (2025–sekarang).         • Deputy Head II, North Java Coastal Management Authority (2025–present).
   Tidak memiliki jabatan pada perusahaan terbuka lainnya.                              Does not hold any positions in other public companies.

   Pengalaman Kerja                                                                     Work Experience
   •   Sekretaris Kecamatan Tanjung Balai Karimun Kepulauan Riau (1991–1992).           •   Subdistrict Secretary of Tanjung Balai Karimun, Riau Islands (1991–1992).
   •   Camat Serasan Kabupaten Kepulauan Riau (1993–1995).                              •   Subdistrict Head (Camat) of Serasan, Riau Islands (1993–1995).
   •   Camat Kundur Kabupaten Kepulauan Riau (1996–1998).                               •   Subdistrict Head (Camat) of Kundur, Riau Islands (1996–1998).
   •   Camat Karimun Kabupaten Kepulauan Riau (1999–2001).                              •   Subdistrict Head (Camat) of Karimun, Riau Islands (1999–2001).
   •   Kepala Dinas Pendapatan Daerah Kabupaten Karimun (2001–2004).                    •   Head of Regional Revenue Office, Karimun Regency (2001–2004).
   •   Kepala Badan Litbang Perencanaan Daerah Kabupaten Karimun (2004).                •   Head of Regional Planning and Development Research Agency, Karimun
                                                                                            Regency (2004).
   • Plt. Kepala Dinas Perikanan Dan Kelautan Kabupaten Karimun (2004–2007).            •   Acting Head of Fisheries and Marine Affairs Office, Karimun Regency (2004–2007).
   • Kepala Badan Kepegawaian Daerah Provinsi Kepulauan Riau (2007–2008).               •   Head of Regional Personnel Agency, Riau Islands Province (2007–2008).
   • Kepala Badan Perencanaan Pembangunan Daerah Provinsi Kepulauan Riau                •   Head of Regional Development Planning Agency, Riau Islands Province
     (2008-2010).                                                                           (2008–2010).
   • Plt. Sekretaris Daerah Provinsi Kepulauan Riau (2010–2011).                        •   Acting Regional Secretary, Riau Islands Province (2010–2011).
   • Sekretaris Daerah Provinsi Kepulauan Riau (2011–2013).                             •   Regional Secretary, Riau Islands Province (2011–2013).
   • Rektor Institut Pemerintahan Dalam Negeri (2013–2015).                             •   Rector, Institute of Public Administration (IPDN) (2013–2015).
   • Staf Ahli Bidang Pemerintahan Pada Sekretariat Jenderal (2015–2021).               •   Expert Staff for Government Affairs, Secretariat General (2015–2021).
   • Pj. Gubernur Bengkulu (2015–2016).                                                 •   Acting Governor of Bengkulu (2015–2016).
   • Plt. Sekretaris Badan Nasional Pengelola Perbatasan (2019–2021).                   •   Acting Secretary, National Border Management Agency (2019–2021).
   • Plt. Staf Ahli Bidang Aparatur Dan Pelayanan Publik Pada Sekretariat Jenderal      •   Acting Expert Staff for Apparatus and Public Services, Secretariat General
     (2021).                                                                                (2021).
   • Pj. Gubernur Kepulauan Riau (2021–2021).                                           •   Acting Governor of Riau Islands (2021).
   • Plh. Direktur Jenderal Bina Administrasi Kewilayahan Pada Kementerian              •   Acting Director General of Regional Administration Development,
     Dalam Negeri (2021–2021).                                                              Ministry of Home Affairs (2021).
   • Plt. Sekretaris Jenderal Pada Kementerian Dalam Negeri (2021–2022).                •   Acting Secretary General, Ministry of Home Affairs (2021–2022).
   • Sekretaris Jenderal Pada Kementerian Dalam Negeri (2022–sekarang).                 •   Secretary General, Ministry of Home Affairs (2022–present).
   • Plh. Direktur Jenderal Otonomi Daerah (2022–sekarang)                              •   Acting Director General of Regional Autonomy (2022–present).
   • Komisaris Independen PT Bank Mandiri Taspen (2023–2024).                           •   Independent Commissioner, Bank Mandiri Taspen (2023–2024).
   • Komisaris PT Bank Mandiri Taspen (2024–sekarang).                                  •   Commissioner, PT Bank Mandiri Taspen (2024–present).


Periode Jabatan                                                                      Serving Period
Periode I – 27 Juni 2023 sampai dengan penutupan RUPS 2026.                          Period I – June 27, 2023 until the closing of the 2026 General Meeting
                                                                                     of Shareholders (GMS).


Hubungan Afiliasi                                                                    Affiliation Relationships
Tidak memiliki hubungan afiliasi dengan anggota Direksi lainnya, anggota Dewan       Does not have any affiliation with other members of the Board of Directors,
Komisaris, pemegang saham utama, dan pengendali baik langsung maupun tidak           members of the Board of Commissioners, controlling shareholders, or
langsung sampai kepada pemilik individu.                                             ultimate individual shareholders, whether directly or indirectly.

Kepemilikan Saham                                                                    Share Ownership
Tidak memiliki saham di Bank Mandiri Taspen.                                         Does not own shares in Bank Mandiri Taspen.

* Telah diangkat sebagai Komisaris Independen berdasarkan Keputusan Sirkuler Pemegang Saham tanggal 27 Juni 2023, dialihtugaskan menjadi Komisaris Non Independen
  yang ditetapkan berdasarkan Keputusan Sirkuler Pemegang Saham tertanggal 27 Juni 2024 dan efektif menjabat setelah lulus fit & proper oleh Otoritas Jasa Keuangan.
  Appointed as Independent Commissioner based on the Shareholders’ Circular Resolution dated June 27, 2023, reassigned as Non-Independent Commissioner pursuant
  to the Shareholders’ Circular Resolution dated June 27, 2024, and became effective upon passing the fit and proper test conducted by the Otoritas Jasa Keuangan.




2025 Annual Report                                                                                                                                             127
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Profil Perusahaan
Company Profile




                                                          Prasetio
                                                          Komisaris Independen
                                                          Independent Commissioner

                                                          Lahir di Surabaya pada tahun 1960.          Domisili / Domicile:         Warga negara Indonesia
                                                          Usia 65 tahun Per Desember 2025.            Jakarta, Indonesia           Indonesian citizen
                                                          Born in Surabaya in 1960.
                                                          Age 65 years as of December 2025.




Riwayat Pendidikan                                                                  Educational Background
• Sarjana Ekonomi Akuntansi dari Universitas Airlangga, Surabaya (1983).            • Bachelor’s Degree in Accounting from Universitas Airlangga, Surabaya (1983).
• Sarjana Ilmu Hukum dari Universitas Azzahra, Jakarta (2015).                      • Bachelor’s Degree in Law from Universitas Azzahra, Jakarta (2015).
• Magister Hukum Bisnis dari Universitas Gadjah Mada, Yogyakarta (2009).            • Master’s Degree in Business Law from Universitas Gadjah Mada, Yogyakarta
                                                                                      (2009).
• Doktor Ilmu Hukum dari Universitas Gadjah Mada, Yogyakarta (2013).                • Doctorate in Law from Universitas Gadjah Mada, Yogyakarta (2013).


Sertifikasi                                                                         Certification
Sertifikasi Manajemen Risiko Perbankan Kualifikasi 6 Tanpa Berjenjang,              Banking Risk Management Certification – Level 6 (Non-Graded), issued by the
LSP Lembaga Sertifikasi Profesi Perbankan.                                          Banking Professional Certification Institute (LSP Perbankan)


Riwayat Jabatan                                                                     Job History
  Dasar Hukum Pengangkatan                                                             Legal Basis of Appointment
  Diangkat sebagai Komisaris Independen Bank Mandiri Taspen untuk pertama              Appointed as Independent Commissioner of Bank Mandiri Taspen for the first
  kalinya sejak 04 Desember 2025 berdasarkan Akta Keputusan Sirkuler                   time since December 4, 2026, based on the Circular Resolution Deed No. 25 of
  No. 25 tahun 2025 tanggal 18 Desember 2025, efektif menjabat setelah lulus           2025 dated December 18, 2025, and effectively assumed office after passing the
  uji Penilaian Kemampuan dan Kepatutan OJK pada 31 Maret 2026.                        Fit and Proper Test conducted by the Otoritas Jasa Keuangan on March 31, 2026.

  Rangkap Jabatan                                                                      Concurrent Position
  Tidak memiliki rangkap jabatan, baik sebagai anggota Direksi, anggota Dewan          Does not hold concurrent positions as a member of the Board of Directors,
  Komisaris, dan/atau anggota komite serta jabatan lainnya baik di dalam maupun        the Board of Commissioners, and/or any committees, nor any other positions
  di luar Emiten atau Perusahaan Publik.                                               within or outside the Issuer or Public Company.

  Pengalaman Kerja                                                                     Work Experience
  • Direktur Compliance & Risk Management PT Telekomunikasi Indonesia                  • Director of Compliance & Risk Management, PT Telekomunikasi Indonesia
    (Persero) Tbk (2007–2012).                                                           (Persero) Tbk (2007–2012).
  • Konsultan sekuritas Triple AA, aktif mengajar pada UPN, Univ. Pancasila, UNS,      • Securities Consultant (Triple A), lecturer at UPN, Universitas Pancasila, and
    pemateri/pembicara BPKP, Kejagung, dan Bareskrim (2012).                             UNS, as well as speaker for BPKP, the Attorney General’s Office, and Bareskrim
                                                                                         (2012).
  • Komisaris PT Graha Sarana Duta (2009–2012).                                        • Commissioner, PT Graha Sarana Duta (2009–2012).
  • Direktur Utama Perum Peruri (2012–2017).                                           • President Director, Perum Peruri (2012–2017).
  • Lawyer dan Komisaris Bahar Law Firm dan PT Bahar Consulting                        • Lawyer and Commissioner, Bahar Law Firm and PT Bahar Consulting
    (2017–2020).                                                                         (2017–2020).
  • Komisaris Utama PT Prosegur Cash Indonesia (2019–2019).                            • President Commissioner, PT Prosegur Cash Indonesia (2019).
  • Komisaris PT Prosegur Cash Indonesia (2019–2022).                                  • Commissioner, PT Prosegur Cash Indonesia (2019–2022).
  • Komisaris Independen PT Titan Infrastructure (2019–2020).                          • Independent Commissioner, PT Titan Infrastructure (2019–2020).
  • Corporate Advisor PT Garuda Indonesia (Persero) Tbk (2020–2020).                   • Corporate Advisor, PT Garuda Indonesia (Persero) Tbk (2020).
  • Komisaris Utama PT Gapura Angkasa (2020–2023).                                     • President Commissioner, PT Gapura Angkasa (2020–2023).
  • Komisaris Utama PT Citilink Indonesia (2021–2023).                                 • President Commissioner, PT Citilink Indonesia (2021–2023).
  • Ketua Dewan Pengawas Dana Pensiun Garuda (2021–2025).                              • Chairman of the Supervisory Board, Garuda Pension Fund (2021–2025).
  • Komisaris PT Citilink Indonesia (2023–2024).                                       • Commissioner, PT Citilink Indonesia (2023–2024).
  • Direktur Keuangan dan Manajemen Risiko PT Garuda Indonesia (Persero) Tbk           • Director of Finance & Risk Management, PT Garuda Indonesia (Persero) Tbk
    (2020–2025).                                                                         (2020–2025).
  • Komisaris Independen PT Bank Mandiri Taspen (2025–sekarang).                       • Independent Commissioner, PT Bank Mandiri Taspen (2025–present).


Periode Jabatan                                                                     Serving Period
Periode I – 4 Desember 2025 sampai dengan penutupan RUPS 2028.                      Period I – December 4, 2025 until the closing of the 2028 General Meeting of
                                                                                    Shareholders (GMS).


Hubungan Afiliasi                                                                   Affiliation Relationships
Tidak memiliki hubungan afiliasi dengan anggota Direksi lainnya, anggota Dewan      Does not have any affiliation with other members of the Board of Directors,
Komisaris, pemegang saham utama, dan pengendali baik langsung maupun tidak          members of the Board of Commissioners, controlling shareholders, or ultimate
langsung sampai kepada pemilik individu.                                            individual shareholders, whether directly or indirectly.


Kepemilikan Saham                                                                   Share Ownership
Tidak memiliki saham di Bank Mandiri Taspen.                                        Does not own shares in Bank Mandiri Taspen.




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                                                                                                                                              PT Bank Mandiri Taspen




                                                             Marjana*
                                                             Komisaris Independen
                                                             Independent Commissioner

                                                             Lahir di Bantul pada tahun 1965.               Domisili / Domicile:          Warga negara Indonesia
                                                             Usia 60 tahun Per Desember 2025.               Tangerang Selatan,            Indonesian citizen
                                                             Born in Bantul in 1965.                        Indonesia
                                                             Age 60 years as of December 2025.              South Tangerang,
                                                                                                            Indonesia



Riwayat Pendidikan                                                                       Educational Background
• Sarjana Agrikultur dari Universitas Pembangunan Nasional Veteran,                      • Bachelor’s Degree in Agriculture from Universitas Pembangunan Nasional
  Yogyakarta (1989)                                                                        “Veteran”, Yogyakarta (1989).
• Master in Business Administration dari Asian Institute of Management, Manila           • Master of Business Administration from the Asian Institute of Management,
  (2009)                                                                                   Manila (2009).
• Doktor Ilmu Ekonomi dari Universitas Trisakti, Jakarta (2025)                          • Doctorate in Economics from Universitas Trisakti, Jakarta (2025).


Sertifikasi                                                                              Certification
Sertifikasi Manajemen Risiko Perbankan Kualifikasi 7, LSP Keuangan Syariah.              Banking Risk Management Certification – Qualification Level 7, issued by the Sharia
                                                                                         Finance Professional Certification Body (LSP Keuangan Syariah)


Riwayat Jabatan                                                                          Job History
  Dasar Hukum Pengangkatan                                                                  Legal Basis of Appointment
  Diangkat sebagai Komisaris Independen Bank Mandiri Taspen untuk pertama                   Appointed as Independent Commissioner of Bank Mandiri Taspen for the first
  kalinya sejak 04 Desember 2025 berdasarkan Akta Keputusan Sirkuler No.                    time since December 4, 2025, based on the Circular Resolution Deed No. 25 of
  25 tahun 2025 tanggal 18 Desember 2025, efektif menjabat setelah lulus uji                2025 dated December 18, 2025, and effectively assumed office after passing the
  Penilaian Kemampuan dan Kepatutan OJK.                                                    Fit and Proper Test conducted by the Otoritas Jasa Keuangan.

  Rangkap Jabatan                                                                           Concurrent Position
  Tidak memiliki rangkap jabatan, baik sebagai anggota Direksi, anggota Dewan               Does not hold concurrent positions as a member of the Board of Directors, the
  Komisaris, dan/atau anggota komite serta jabatan lainnya, baik di dalam                   Board of Commissioners, and/or any committees, nor any other positions within
  maupun di luar Emiten atau Perusahaan Publik.                                             or outside the Issuer or Public Company.

  Pengalaman Kerja                                                                          Work Experience
  • Kepala Kantor Cabang Semarang PT Bank Universal Tbk (1994–1996).                        •   Branch Manager, Semarang Branch, PT Bank Universal Tbk (1994–1996).
  • Kepala Regional Zona Tengah PT Bank Universal Tbk (1996–2000).                          •   Regional Head, Central Zone, PT Bank Universal Tbk (1996–2000).
  • Kepala Divisi International & Loans Operations PT Bank Universal Tbk (2000).            •   Head of International & Loans Operations Division, PT Bank Universal Tbk (2000).
  • Kepala Divisi Trade Product Development PT Bank Universal Tbk                           •   Head of Trade Product Development Division, PT Bank Universal Tbk
    (2000–2001).                                                                                (2000–2001).
  • Kepala Divisi Operation PT Bank Mega Tbk (2001–2005).                                   •   Head of Operations Division, PT Bank Mega Tbk (2001–2005).
  • Pjs. Kepala Divisi Operations Development PT Bank Mega Tbk (2001–2005).                 •   Acting Head of Operations Development Division, PT Bank Mega Tbk
                                                                                                (2001–2005).
  • Kepala Divisi Credit Administration PT Bank Mega Tbk (2005–2009).                       •   Head of Credit Administration Division, PT Bank Mega Tbk (2005–2009).
  • Pjs. Kepala Divisi Legal PT Bank Mega Tbk (2005–2009).                                  •   Acting Head of Legal Division, PT Bank Mega Tbk (2005–2009).
  • Direktur Operation & IT PT Bank Mega Syariah (2009–2013).                               •   Director of Operations & IT, PT Bank Mega Syariah (2009–2013).
  • Direktur Human Capital, Risk & Compliance PT Bank Mega Syariah                          •   Director of Human Capital, Risk & Compliance, PT Bank Mega Syariah
    (2014–2024).                                                                                (2014–2024).
  • Direktur Risk & Compliance PT Bank Mega Syariah (2024–2025).                            •   Director of Risk & Compliance, PT Bank Mega Syariah (2024–2025).
  • Komisaris Independen PT Bank Mandiri Taspen (2025–sekarang).                            •   Independent Commissioner, PT Bank Mandiri Taspen (2025–present).


Periode Jabatan                                                                          Serving Period
Periode I – 4 Desember 2025 sampai dengan penutupan RUPS 2028.                           Period I – December 4, 2025 until the closing of the 2028 General Meeting of
                                                                                         Shareholders (GMS).


Hubungan Afiliasi                                                                        Affiliation Relationships
Tidak memiliki hubungan afiliasi dengan anggota Direksi lainnya, anggota Dewan           Does not have any affiliation with other members of the Board of Directors,
Komisaris, pemegang saham utama, dan pengendali baik langsung maupun tidak               members of the Board of Commissioners, controlling shareholders, or ultimate
langsung sampai kepada pemilik individu.                                                 individual shareholders, whether directly or indirectly.


Kepemilikan Saham                                                                        Share Ownership
Tidak memiliki saham di Bank Mandiri Taspen.                                             Does not own shares in Bank Mandiri Taspen.




* Telah diangkat berdasarkan keputusan sirkuler Pemegang Saham tanggal 04 Desember 2025
  dan masih dalam proses Penilaian Kemampuan & Kepatutan oleh Otoritas Jasa Keuangan.
  Appointed based on the Circular Resolution of the Shareholders dated December 4, 2025
  and is currently in the process of the Fit and Proper Test conducted by Otoritas Jasa Keuangan.




2025 Annual Report                                                                                                                                                 129
Page 130
Profil Perusahaan
Company Profile




                                                        Suwartini
                                                        Komisaris Independen
                                                        Independent Commissioner

                                                        Lahir di Prabumulih pada tahun 1953.    Domisili / Domicile:       Warga negara Indonesia
                                                        Usia 72 tahun Per Desember 2025.        Jakarta, Indonesia         Indonesian citizen
                                                        Born in Prabumulih in 1953.
                                                        Age 72 years as of December 2025.




Riwayat Pendidikan                                                              Educational Background
• Bachelor of Business Administration dari Century University, New Mexico,      • Bachelor of Business Administration dari Century University,
  AS (1989).                                                                      New Mexico, AS (1989).
• Master of Business Administration dari Century University, New Mexico,        • Master of Business Administration dari Century University, New Mexico,
  AS (1992).                                                                      AS (1992).


Sertifikasi                                                                     Certification
Sertifikasi Manajemen Risiko Perbankan Kualifikasi 7, LSP Lembaga Sertifikasi   Banking Risk Management Certification Level 7 from the Banking
Profesi Perbankan.                                                              Professional Certification Institute (LSP Perbankan).


Riwayat Jabatan                                                                 Job History
  Dasar Hukum Pengangkatan                                                        Legal Basis of Appointment
  Diangkat sebagai Komisaris Independen Bank Mandiri Taspen untuk                 Appointed as Independent Commissioner of Bank Mandiri Taspen for
  pertama kalinya sejak 04 Desember 2025 berdasarkan Akta Keputusan               the first time since December 4, 2025, based on the Circular Resolution
  Sirkuler No. 25 tahun 2025 tanggal 18 Desember 2025, efektif menjabat           Deed No. 25 of 2025 dated December 18, 2025, and effectively assumed
  setelah lulus uji Penilaian Kemampuan dan Kepatutan OJK pada 13 Maret           office after passing the Fit and Proper Test conducted by the Otoritas Jasa
  2026.                                                                           Keuangan on March 13, 2026.
  Rangkap Jabatan                                                                 Concurrent Position
  • Anggota Komite Audit PT Bank Mandiri Taspen (2026 –sekarang).                 • Member of the Audit Committee of PT Bank Mandiri Taspen
                                                                                    (2026–present).

  Tidak memiliki rangkap jabatan, baik sebagai anggota Direksi, anggota           Does not hold concurrent positions as a member of the Board of Directors,
  Dewan Komisaris, dan/atau anggota komite serta jabatan lainnya baik             the Board of Commissioners, and/or any committees, nor any other
  di dalam maupun di luar Emiten atau Perusahaan Publik.                          positions within or outside the Issuer or Public Company.
  Pengalaman Kerja                                                                Work Experience
  • Senior Administrasi Personalia dan Keuangan United Nations High               • Senior Personnel and Finance Administration Officer, United Nations High
    Commissioner for Refugees (1978–1992).                                          Commissioner for Refugees (UNHCR) (1978–1992).
  • Personal Assistance Direktur Utama Ficorinvest (1992).                        • Personal Assistant to the President Director, Ficorinvest (1992).
  • Asisten Direksi Bank Bepede Indonesia (1992–1995).                            • Executive Assistant to the Board of Directors, Bank Bapindo (Bank
                                                                                    Pembangunan Indonesia) (1992–1995).
  • Kepala Divisi HR and Public Affairs PT Hastin Internasional Tbk               • Head of HR and Public Affairs Division, PT Hastin Internasional Tbk
    (1995–1998).                                                                    (1995–1998).
  • Direktur Compliance, HR, and Risk Management PT Bank Mega Tbk                 • Director of Compliance, HR, and Risk Management, PT Bank Mega Tbk
    (1998–2012).                                                                    (1998–2012).
  • Komisaris Independen PT Bank Commonwealth Indonesia (2012–2024).              • Independent Commissioner, PT Bank Commonwealth Indonesia
                                                                                    (2012–2024).
  • Direktur Program Lembaga Pengembangan Perbankan Indonesia                     • Program Director, Indonesian Banking Development Institute (LPPI)
    (2014–2020).                                                                    (2014–2020).
  • Konsultan Lembaga Pengembangan Perbankan Indonesia (2020–2021).               • Consultant, Indonesian Banking Development Institute (LPPI)
                                                                                    (2020–2021).
  • Konsultan Bank OCBC NISP Tbk (2024–2025).                                     • Consultant, PT Bank OCBC NISP Tbk (2024–2025).
  • Komisaris Independen PT Bank Mandiri Taspen (2025 –sekarang).                 • Independent Commissioner, PT Bank Mandiri Taspen (2025–present).


Periode Jabatan                                                                 Serving Period
Periode I – 4 Desember 2025 sampai dengan penutupan RUPS 2028.                  Period I – December 4, 2025 until the closing of the 2028 General Meeting
                                                                                of Shareholders (GMS).


Hubungan Afiliasi                                                               Affiliation Relationships
Tidak memiliki hubungan afiliasi dengan anggota Direksi lainnya, anggota        Does not have any affiliation with other members of the Board of Directors,
Dewan Komisaris, pemegang saham utama, dan pengendali baik langsung             members of the Board of Commissioners, controlling shareholders, or
maupun tidak langsung sampai kepada pemilik individu.                           ultimate individual shareholders, whether directly or indirectly.


Kepemilikan Saham                                                               Share Ownership
Tidak memiliki saham di Bank Mandiri Taspen.                                    Does not own shares in Bank Mandiri Taspen.




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                                                                                                                                            PT Bank Mandiri Taspen




                                                             Edi Eko Cahyono*
                                                             Komisaris
                                                             Commissioner

                                                             Lahir di Pati pada tahun 1982.                Domisili / Domicile:          Warga negara Indonesia
                                                             Usia 43 tahun Per Desember 2025.              Depok, Indonesia              Indonesian citizen
                                                             Born in Pati in 1982.
                                                             Age 43 years as of December 2025.




Riwayat Pendidikan                                                                       Educational Background
• Diploma Akuntansi dari Sekolah Tinggi Akuntansi Negara, Tangerang Selatan              • Diploma in Accounting from the State College of Accountancy (STAN),
  (2003).                                                                                  South Tangerang (2003).
• Sarjana Akuntansi dari Universitas Indonesia, Depok (2008).                            • Bachelor’s Degree in Accounting from Universitas Indonesia, Depok (2008).
• Magister Akuntansi dari Universitas Gadjah Mada, Yogyakarta (2014).                    • Master’s Degree in Accounting from Universitas Gadjah Mada, Yogyakarta
                                                                                           (2014).


Sertifikasi                                                                              Certification
Sertifikasi Manajemen Risiko Kualifikasi 6 Tanpa Berjenjang, LSP Lembaga                 Risk Management Certification Level 6 (Direct Certification) from the Banking
Sertifikasi Profesi Perbankan.                                                           Professional Certification Institute (LSP Perbankan).


Riwayat Jabatan                                                                          Job History
   Dasar Hukum Pengangkatan                                                                 Legal Basis of Appointment
   Diangkat sebagai Komisaris Bank Mandiri Taspen untuk pertama kalinya                     Appointed as Commissioner of Bank Mandiri Taspen for the first time since
   sejak 04 Desember 2025 berdasarkan Akta Keputusan Sirkuler No. 25 tahun                  December 4, 2025, based on the Circular Resolution Deed No. 25 of 2025 dated
   2025 tanggal 18 Desember 2025, efektif menjabat setelah lulus uji Penilaian              December 18, 2025, and effectively assumed office after passing the Fit and
   Kemampuan dan Kepatutan OJK.                                                             Proper Test conducted by the Otoritas Jasa Keuangan.

   Rangkap Jabatan                                                                          Concurrent Position
   • Direktur Tanggung Jawab Sosial dan Lingkungan Badan Pengaturan BUMN                    • Director of Social and Environmental Responsibility, State-Owned
     (2026–sekarang).                                                                         Enterprises Regulatory Body (2026–present).
   • Plt. Direktur Keberlanjutan Badan Pengaturan BUMN (2026–sekarang)                      • Acting Director of Sustainability at the State-Owned Enterprises Regulatory
                                                                                              Agency (2026–present)
   Tidak memiliki jabatan pada perusahaan terbuka lainnya.                                  Does not hold any positions in other public companies.

   Pengalaman Kerja                                                                         Work Experience
   • Sekretaris Dewan Komisaris PT Industri Nuklir Indonesia (2001–2012).                   • Secretary to the Board of Commissioners, PT Industri Nuklir Indonesia
                                                                                              (2001–2012).
   • Penata Muda Kementerian BUMN (2009–2013).                                              • Junior Analyst, Ministry of State-Owned Enterprises (2009–2013).
   • Sekretaris Dewan Komisaris PT Len Industri (Persero) (2013–2014).                      • Secretary to the Board of Commissioners, PT Len Industri (Persero) (2013–2014).
   • Sekretaris Dewan Komisaris PT Indonesia Asahan Alumunium (2014–2017).                  • Secretary to the Board of Commissioners, PT Indonesia Asahan Aluminium
                                                                                              (2014–2017).
   • Kepala Subbidang Riset Kementerian BUMN (2014–2015).                                   • Subdivision Head of Research, Ministry of State-Owned Enterprises
                                                                                              (2014–2015).
   • Kepala Subbidang Riset BUMN I Kementerian BUMN (2015–2020).                            • Subdivision Head of SOE Research I, Ministry of State-Owned Enterprises
                                                                                              (2015–2020).
   • Sekretaris Dewan Komisaris PT Petrokimia Gresik (2016–2019).                           • Secretary to the Board of Commissioners, PT Petrokimia Gresik (2016–2019).
   • Kepala Subbidang Riset BUMN II Kementerian BUMN (2018–2019).                           • Subdivision Head of SOE Research II, Ministry of State-Owned Enterprises
                                                                                              (2018–2019).
   • Sekretaris Dewan Komisaris PT Semen Indonesia (Persero) Tbk (2019–2021).               • Secretary to the Board of Commissioners, PT Semen Indonesia (Persero) Tbk
                                                                                              (2019–2021).
   • Kepala Bagian Perencanaan dan Manajemen Kinerja (2020–2022).                           • Head of Planning and Performance Management Division (2020–2022).
   • Plt. Asisten Deputi bidang Tanggung Jawab Sosial dan Lingkungan                        • Acting Assistant Deputy for Social and Environmental Responsibility, Ministry
     (2021–2024).                                                                             of State-Owned Enterprises (2021–2024).
   • Sekretaris Dewan Komisaris PT Bank Rakyat Indonesia (Persero) Tbk                      • Secretary to the Board of Commissioners, PT Bank Rakyat Indonesia (Persero)
     (2021–2022).                                                                             Tbk (2021–2022).
   • Penata Kelola Perusahaan Negera Madya Kementerian BUMN                                 • Middle-Level State-Owned Enterprise Governance Officer, Ministry of State-
     (2022–2024).                                                                             Owned Enterprises (2022–2024).
   • Komisaris PT Pertamina Hulu Indonesia (2022–2025).                                     • Commissioner, PT Pertamina Hulu Indonesia (2022–2025).
   • Asisten Deputi bidang Tanggung Jawab Sosial dan Lingkungan Kementerian                 • Assistant Deputy for Social and Environmental Responsibility, Ministry of State-
     BUMN (2024–2026).                                                                        Owned Enterprises (2024–2026).
   • Komisaris PT Bank Mandiri Taspen (2025–sekarang).                                      • Commissioner, PT Bank Mandiri Taspen (2025–present).


Periode Jabatan                                                                          Serving Period
Periode I – 4 Desember 2025 sampai dengan penutupan RUPS 2028.                           Period I – December 4, 2025 until the closing of the 2028 General Meeting of
                                                                                         Shareholders (GMS).


Hubungan Afiliasi                                                                        Affiliation Relationships
Tidak memiliki hubungan afiliasi dengan anggota Direksi lainnya, anggota Dewan           Does not have any affiliation with other members of the Board of Directors,
Komisaris, pemegang saham utama, dan pengendali baik langsung maupun tidak               members of the Board of Commissioners, controlling shareholders, or ultimate
langsung sampai kepada pemilik individu.                                                 individual shareholders, whether directly or indirectly.


Kepemilikan Saham                                                                        Share Ownership
Tidak memiliki saham di Bank Mandiri Taspen.                                             Does not own shares in Bank Mandiri Taspen.

* Telah diangkat berdasarkan keputusan sirkuler Pemegang Saham tanggal 04 Desember 2025
  dan masih dalam proses Penilaian Kemampuan & Kepatutan oleh Otoritas Jasa Keuangan.
  Appointed based on the Circular Resolution of the Shareholders dated December 4, 2025
  and is currently in the process of the Fit and Proper Test conducted by Otoritas Jasa Keuangan.




2025 Annual Report                                                                                                                                               131
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Profil Perusahaan
Company Profile




Pendidikan dan/atau Pelatihan                                  Education and/or Training of Board
Dewan Komisaris                                                of Commissioners

Uraian pendidikan dan/atau pelatihan Dewan Komisaris pada      A description of the education and/or training of the Board of
tahun buku disajikan pada Bab Corporate Governance.            Commissioners during the financial year is presented in the
                                                               Corporate Governance Chapter.


Perubahan Komposisi Anggota Dewan                              Changes and Changing Reasons
Komisaris dan Alasan Perubahannya                              in The Composition of Members
                                                               of The Board of Commissioners

Selama tahun 2025, Komposisi anggota Dewan Komisaris           Throughout 2025, the composition of the Board of
Bank Mandiri Taspen mengalami perubahan sesuai dengan          Commissioners of Bank Mandiri Taspen underwent changes in
kebutuhan Bank sebagaimana dijelaskan berikut.                 accordance with the Bank’s requirements, as described below.


Komposisi Dewan Komisaris                                      Composition of The Board of
Sebelum RUPS Luar Biasa                                        Commissioners Prior to The Extraordinary
Tanggal 25 September 2025                                      General Meeting Of Shareholders (EGMS)
                                                               on September 25, 2025

Komposisi Dewan Komisaris sebelum RUPS Luar Biasa tanggal      The composition of the Board of Commissioners prior to the
25 September 2025 sebanyak 4 (empat) orang yang terdiri        Extraordinary General Meeting of Shareholders (EGMS) held on
dari 1 (satu) orang Komisaris Utama, 2 (dua) orang Komisaris   September 25, 2025 consisted of 4 (four) members, comprising
Independen dan 1 (satu) orang Komisaris. Komposisi dan dasar   1 (one) President Commissioner, 2 (two) Independent
pengangkatan Dewan Komisaris dapat dilihat pada tabel di       Commissioners, and 1 (one) Commissioner. The composition
bawah ini.                                                     and basis for the appointment of the Board of Commissioners
                                                               are presented in the table below.


Tabel Komposisi dan Dasar Pengangkatan Dewan Komisaris Sebelum RUPS Luar Biasa Tanggal 25 September 2025
Table of Composition and Basis of Appointment of the Board of Commissioners
Prior to The Extraordinary General Meeting of Shareholders (EGMS) on September 25, 2025


         Nama                   Jabatan            Pelaksana             Dasar Pengangkatan                  Tanggal Efektif
         Name                   Position           Organizer             Basis of Appointment                 Effective Date


                            Komisaris Utama                    Akta Keputusan RUPS No. 20 Tahun 2021       11 November 2021
 Mustaslimah                                          OJK
                         President Commissioner                Deed of GMS Resolution No. 20 year 2021     November 11, 2021

 Hendrika Nora Osloi           Komisaris                       Akta Keputusan RUPS No. 17 Tahun 2022           16 Juni 2023
                                                      OJK
 Sinaga                      Commissioner                      Deed of GMS Resolution No. 17 year 2022        June 16, 2023

                                                                                                           Sedang dalam proses
                                                                                                           Fit & Proper Test OJK
                               Komisaris                       Akta keputusan sirkuler No. 21 Tahun 2023
 Suhajar Diantoro                                     OJK                                                   Currently in the OJK
                             Commissioner                           Circular Decree No. 21 year 2023
                                                                                                             Fit & Proper Test
                                                                                                                  process

                           Komisaris Independen                Akta keputusan sirkuler No. 21 Tahun 2023    11 Oktober 2023
 Boedi Armanto                                        OJK
                        Independent Commissioner                    Circular Decree No. 21 year 2023        October 11, 2023




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Page 133
                                                                                                           PT Bank Mandiri Taspen




Komposisi Dewan Komisaris                                          Composition of The Board of
Setelah RUPS Luar Biasa                                            Commissioners After The Extraordinary
Tanggal 25 September 2025                                          General Meeting of Shareholders (EGMS)
                                                                   on September 25, 2025

Pada tanggal 25 September 2025 RUPS Luar Biasa                     On September 25, 2025, the Extraordinary General Meeting
memutuskan Menyetujui pemberhentian dengan hormat                  of Shareholders (EGMS) resolved to approve the honorable
Hendrika Nora Osloi Sinaga dari jabatannya sebagai Komisaris.      dismissal of Hendrika Nora Osloi Sinaga from her position as
Dengan demikian, komposisi Dewan Komisaris setelah RUPS            Commissioner. Accordingly, the composition of the Board of
Luar Biasa tanggal 25 September 2025 sebanyak 3 (tiga) orang       Commissioners following the EGMS on September 25, 2025
yang terdiri dari 1 (satu) orang Komisaris Utama, 1 (satu) orang   consisted of 3 (three) members, comprising 1 (one) President
Komisaris Independen dan 1 (satu) orang Komisaris. Komposisi       Commissioner, 1 (one) Independent Commissioner, and 1 (one)
dan dasar pengangkatan Dewan Komisaris dapat dilihat pada          Commissioner. The composition and basis for the appointment
tabel di bawah ini.                                                of the Board of Commissioners are presented in the table below.


Tabel Komposisi dan Dasar Pengangkatan Dewan Komisaris Setelah RUPS Luar Biasa Tanggal 25 September 2025
Table of Composition and Basis of Appointment of the Board of Commissioners
After the Extraordinary General Meeting of Shareholders (EGMS) on September 25, 2025


         Nama                     Jabatan              Pelaksana             Dasar Pengangkatan                  Tanggal Efektif
         Name                     Position             Organizer             Basis of Appointment                 Effective Date


                              Komisaris Utama                      Akta Keputusan RUPS No. 20 Tahun 2021       11 November 2021
 Mustaslimah                                              OJK
                           President Commissioner                  Deed of GMS Resolution No. 20 year 2021     November 11, 2021

                                                                                                               Sedang dalam proses
                                                                                                               Fit & Proper Test OJK
                                 Komisaris                         Akta keputusan sirkuler No. 21 Tahun 2023
 Suhajar Diantoro                                         OJK                                                   Currently in the OJK
                               Commissioner                             Circular Decree No. 21 year 2023
                                                                                                                 Fit & Proper Test
                                                                                                                      process

                            Komisaris Independen                   Akta keputusan sirkuler No. 21 Tahun 2023    11 Oktober 2023
 Boedi Armanto                                            OJK
                         Independent Commissioner                       Circular Decree No. 21 year 2023        October 11, 2023



Komposisi Dewan Komisaris                                          Composition of The Board of Commissioners
Setelah RUPS Luar Biasa                                            After The Extraordinary General Meeting of
Tanggal 4 Desember 2025                                            Shareholders (EGMS) on December 4, 2025

Pada tanggal 4 Desember 2025 RUPS Luar Biasa memutuskan:           On December 4, 2025, the Extraordinary General Meeting of
                                                                   Shareholders (EGMS) resolved as follows:
1. Menyetujui pemberhentian dengan hormat Mustaslimah              1. Approved the honorable dismissal of Mustaslimah from
   sebagai Komisaris Utama.                                           her position as President Commissioner.
2. Menyetujui pengangkatan:                                        2. Approved the appointment of:
   a. Junaidi Hisom sebagai Komisaris Utama merangkap                 a. Junaidi Hisom as President Commissioner concurrently
      Komisaris Independen.                                               serving as Independent Commissioner.
   b. Prasetio sebagai Komisaris Independen.                          b. Prasetio as Independent Commissioner.
   c. Marjana sebagai Komisaris Independen.                           c. Marjana as Independent Commissioner.
   d. Suwartini sebagai Komisaris Independen.                         d. Suwartini as Independent Commissioner.
   e. Edi Eko Cahyono sebagai Komisaris.                              e. Edi Eko Cahyono as Commissioner.


Dengan demikian, komposisi Dewan Komisaris setelah RUPS            Accordingly, the composition of the Board of Commissioners
Luar Biasa tanggal 4 Desember 2025 sebanyak 7 (tujuh) orang        following the EGMS on December 4, 2025 consisted of 7
yang terdiri dari 1 (satu) orang Komisaris Utama Independen,       (seven) members, comprising 1 (one) Independent President
4 (empat) orang Komisaris Independen dan 2 (dua) orang             Commissioner, 4 (four) Independent Commissioners, and
Komisaris. Komposisi dan dasar pengangkatan Dewan                  2 (two) Commissioners. The composition and basis for the
Komisaris dapat dilihat pada tabel di bawah ini.                   appointment of the Board of Commissioners are presented in
                                                                   the table below.




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Profil Perusahaan
Company Profile




Tabel Komposisi dan Dasar Pengangkatan Dewan Komisaris Setelah RUPS Luar Biasa Tanggal 4 Desember 2025
Table of Composition and Basis of Appointment of the Board of Commissioners
After the Extraordinary General Meeting of Shareholders (EGMS) on December 4, 2025


        Nama                 Jabatan             Pelaksana             Dasar Pengangkatan                  Tanggal Efektif
        Name                 Position            Organizer             Basis of Appointment                 Effective Date


                    Komisaris Utama Independen
                                                             Akta Keputusan Sirkuler No. 25 tahun 2025      06 Maret 2026
 Junaidi Hisom        Independent President        OJK
                                                              Circular Resolution Deed No. 25 of 2025       March 6, 2026
                          Commissioner

                                                                                                         Sedang dalam proses
                                                                                                         Fit & Proper Test OJK
                            Komisaris                        Akta Keputusan Sirkuler No. 21 tahun 2023
 Suhajar Diantoro                                  OJK                                                    Currently in the OJK
                          Commissioner                        Circular Resolution Deed No. 21 of 2023
                                                                                                           Fit & Proper Test
                                                                                                                process

                        Komisaris Independen                 Akta Keputusan Sirkuler No. 21 tahun 2023    11 Oktober 2023
 Boedi Armanto                                     OJK
                     Independent Commissioner                 Circular Resolution Deed No. 21 of 2023     October 11, 2023

                        Komisaris Independen                 Akta Keputusan Sirkuler No. 25 tahun 2025     31 Maret 2026
 Prasetio                                          OJK
                     Independent Commissioner                 Circular Resolution Deed No. 25 of 2025      March 31, 2026

                                                                                                         Sedang dalam proses
                                                                                                         Fit & Proper Test OJK
                        Komisaris Independen                 Akta Keputusan Sirkuler No. 25 tahun 2025
 Marjana                                           OJK                                                    Currently in the OJK
                     Independent Commissioner                 Circular Resolution Deed No. 25 of 2025
                                                                                                           Fit & Proper Test
                                                                                                                process

                        Komisaris Independen                 Akta Keputusan Sirkuler No. 25 tahun 2025     13 Maret 2026
 Suwartini                                         OJK
                     Independent Commissioner                 Circular Resolution Deed No. 25 of 2025      March 13, 2026

                                                                                                         Sedang dalam proses
                                                                                                         Fit & Proper Test OJK
                            Komisaris                        Akta Keputusan Sirkuler No. 25 tahun 2025
 Edi Eko Cahyono                                   OJK                                                    Currently in the OJK
                          Commissioner                        Circular Resolution Deed No. 25 of 2025
                                                                                                           Fit & Proper Test
                                                                                                                process




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                                                                                                                                PT Bank Mandiri Taspen




Profil Pejabat Eksekutif
Executive Officers Profile


Senior Executive Vice President                                                Senior Executive Vice President



                                                Freddy Kurnianto
                                                SEVP Operations
                                                SEVP Operations

                                                Lahir di Jakarta pada tahun 1975.         Domisili / Domicile:          Warga negara Indonesia
                                                Usia 50 tahun Per Desember 2025.          Jakarta, Indonesia            Indonesian citizen
                                                Born in Jakarta in 1975.
                                                Age 50 years as of December 2025.




Riwayat Pendidikan                                                             Educational Background
•   S1 - Sarjana Administrasi Fiskal, Universitas Indonesia (1998).            •    Bachelor’s Degree in Fiscal Administration, University of Indonesia (1998).
•   S2 - LL.M. International Tax Law, Universitas Leiden (2011).               •    LL.M. in International Tax Law, Leiden University (2011).


Pengalaman Kerja                                                               Work Experience
• Tax Consultant KAP Prasetyo, Sarwoko, Sanjaya (Ernst & Young),               • Tax Consultant, KAP Prasetyo, Sarwoko, Sanjaya (Ernst & Young)
  (2000–2004).                                                                   (2000–2004).
• Section Head Corporate Tax PT Bank Mandiri (Persero) Tbk (2004–2010).        • Section Head of Corporate Tax, PT Bank Mandiri (Persero) Tbk
                                                                                 (2004–2010).
• Team Leader IFRS Project PT Bank Mandiri (Persero) Tbk (2011–2014).          • Team Leader, IFRS Project, PT Bank Mandiri (Persero) Tbk (2011–2014).
• Department Head Tax Management PT Bank Mandiri (Persero) Tbk                 • Department Head of Tax Management, PT Bank Mandiri (Persero) Tbk
  (2014–2021).                                                                   (2014–2021).
• Anggota Dewan Pengawas Mandiri MCO (2020–2026).                              • Member of the Supervisory Board, Mandiri MCO (2020–2026).
• Group Head Accounting PT Bank Mandiri (Persero) Tbk (2022–2025).             • Group Head of Accounting, PT Bank Mandiri (Persero) Tbk (2022–2025).
• SEVP Operation Bank Mandiri Taspen (2026–sekarang).                          • SEVP Operations, Bank Mandiri Taspen (2026–present).


Rangkap Jabatan                                                                Concurrent Positions
Tidak memiliki rangkap jabatan, baik sebagai anggota Direksi, anggota          Does not hold concurrent positions, whether as a member of the Board of
Dewan Komisaris, dan/atau anggota komite serta jabatan lainnya. baik           Directors, Board of Commissioners, and/or committee member, nor any other
di dalam maupun di luar Emiten atau Perusahaan Publik.                         positions within or outside the Issuer or Public Company.


Dasar Hukum Pengangkatan                                                       Legal Basis of Appointment
Menjabat sebagai SEVP Operations berdasarkan Surat Keputusan                   Serves as SEVP Operations based on Appointment Decree No. KEP.DIR/051/
Penetapan Jabatan No. KEP.DIR/051/III/2026 tanggal 9 Maret 2026.               III/2026 dated March 9, 2026.




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Profil Perusahaan
Company Profile




Division Head                                                                    Division Head


                                               M. Jacobie Henry Widojono
                                               Division Head Internal Audit
                                               Head of Internal Audit Division

                                               Lahir di Ponorogo pada tahun 1970.          Domisili / Domicile:        Warga negara Indonesia
                                               Usia 55 tahun Per Desember 2025.            Jakarta, Indonesia          Indonesian citizen
                                               Born in Ponorogo in 1970.
                                               Age 55 years as of December 2025.



Riwayat Pendidikan                                                               Educational Background
• Sarjana Ekonomi Akuntansi dari Universitas Gadjah Mada, Yogyakarta             • Bachelor’s Degree in Accounting from Universitas Gadjah Mada,
  (1994).                                                                          Yogyakarta (1994).
• Master Business Administration dari Universitas Gadjah Mada,                   • Master of Business Administration from Universitas Gadjah Mada,
  Yogyakarta (2014).                                                               Yogyakarta (2014).


Pengalaman Kerja                                                                 Work Experience
• Auditor PT Bank Dagang Negara (Persero) Tbk (1997–1999).                       • Auditor, PT Bank Dagang Negara (Persero) Tbk (1997–1999).
• Auditor PT Bank Mandiri (Persero) Tbk (1999–2007).                             • Auditor, PT Bank Mandiri (Persero) Tbk (1999–2007).
• Team Leader Accounting Policy PT Bank Mandiri (Persero) Tbk (2007–2008).       • Team Leader, Accounting Policy, PT Bank Mandiri (Persero) Tbk (2007–2008).
• Tax Management Department Head PT Bank Mandiri (Persero) Tbk                   • Department Head of Tax Management, PT Bank Mandiri (Persero) Tbk
  (2008–2014).                                                                     (2008–2014).
• Decentralized Compliance & Operational Risk Head PT Bank Mandiri               • Head of Decentralized Compliance & Operational Risk, PT Bank Mandiri
  (Persero) Tbk (2014–2015).                                                       (Persero) Tbk (2014–2015).
• Audit Manager PT Bank Mandiri (Persero) Tbk (2015–2020).                       • Audit Manager, PT Bank Mandiri (Persero) Tbk (2015–2020).
• Division Head Internal Audit PT Bank Mandiri Taspen (2020–sekarang).           • Head of Internal Audit Division, PT Bank Mandiri Taspen (2020–present).

Dasar Hukum Pengangkatan                                                         Legal Basis of Appointment
Menjabat sebagai Division Head Internal Audit berdasarkan Surat Keputusan        Served as Division Head of Internal Audit based on Board of Directors
Direksi No. KEP.DIR/043/III/2026 tanggal 9 Maret 2026.                           Decree No. KEP.DIR/043/III/2026 dated March 9, 2026.




                                               Sisi Rahmina
                                               Division Head Compliance
                                               Head of Compliance Division

                                               Lahir di Bogor pada tahun 1978.             Domisili / Domicile:        Warga negara Indonesia
                                               Usia 47 tahun Per Desember 2025.            Jakarta, Indonesia          Indonesian citizen
                                               Born in Bogor in 1978.
                                               Age 47 years as of December 2025.



Riwayat Pendidikan                                                               Educational Background
• Sarjana Akuntansi dari Universitas Trisakti, Jakarta (2000).                   • Bachelor’s Degree in Accounting from Universitas Trisakti, Jakarta (2000).
• Master of Business Administration dari Universitas Gadjah Mada,                • Master of Business Administration from Universitas Gadjah Mada,
  Yogyakarta (2008).                                                               Yogyakarta (2008).

Pengalaman Kerja                                                                 Work Experience
• Assistant Manager Medan Balai Kota (2001–2003).                                • Assistant Manager, Medan Balai Kota (2001–2003).
• AML-CFT Analist, Compliance & AML-CFT Group PT Bank Mandiri                    • AML-CFT Analyst, Compliance & AML-CFT Group, PT Bank Mandiri
  (Persero) Tbk (2003–2009).                                                       (Persero) Tbk (2003–2009).
• Lead of Compliance Methodology & Regulatory, Compliance & AML-CFT              • Lead of Compliance Methodology & Regulatory, Compliance & AML-CFT
  Group PT Bank Mandiri (Persero) Tbk (2009–2013).                                 Group, PT Bank Mandiri (Persero) Tbk (2009–2013).
• Head of Compliance & Operational Risk Unit, Risk Management                    • Head of Compliance & Operational Risk Unit, Risk Management,
  PT Bank Mandiri (Persero) Tbk (2013–2016).                                       PT Bank Mandiri (Persero) Tbk (2013–2016).
• Head of Compliance Methodology & Regulatory, Compliance & AML –                • Head of Compliance Methodology & Regulatory, Compliance & AML-
  CFT Group PT Bank Mandiri (Persero) Tbk (2016–2020).                             CFT Group, PT Bank Mandiri (Persero) Tbk (2016–2020).
• Senior Compliance Officer Wholesale Banking PT Bank Mandiri                    • Senior Compliance Officer, Wholesale Banking, PT Bank Mandiri
  (Persero) Tbk (2020 –2024).                                                      (Persero) Tbk (2020–2024).
• Division Head Compliance PT Bank Mandiri Taspen (2024 –sekarang).              • Head of Compliance Division, PT Bank Mandiri Taspen (2024–present).


Dasar Hukum Pengangkatan                                                         Legal Basis of Appointment
Menjabat sebagai Division Head Compliance berdasarkan Surat Keputusan            Serves as Division Head of Compliance based on Board of Directors Decree
Direksi No. KEP.DIR/028/III/2026 tanggal 9 Maret 2026.                           No. KEP.DIR/028/III/2026 dated March 9, 2026.




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                                                                                                                                      PT Bank Mandiri Taspen




                                                   Roni Girsang
                                                   Division Head Risk Management
                                                   Head of Risk Management Division

                                                   Lahir di Pematangsiantar pada tahun 1986.           Domisili / Domicile:          Warga negara Indonesia
                                                   Usia 39 tahun Per Desember 2025.                    Jakarta, Indonesia            Indonesian citizen
                                                   Born in Pematangsiantar in 1986.
                                                   Age 39 years as of December 2025.



Riwayat Pendidikan                                                                   Educational Background
• Sarjana Akuntansi dari President University (2008).                                • Bachelor’s Degree in Accounting from President University (2008).
• Magister Management Engineering Politecnico di Milano, Milan (2017).               • Master’s Degree in Management Engineering from Politecnico di Milano, Milan
                                                                                       (2017).


Pengalaman Kerja                                                                     Work Experience
• Auditor Cabang Konvensional PT Bank Danamon Indonesia, Tbk (2008–2010).            • Branch Auditor (Conventional Banking), PT Bank Danamon Indonesia Tbk
                                                                                        (2008–2010).
• Team Leader Microfinance Audit PT Bank Danamon Indonesia, Tbk (2010–2012).         • Team Leader, Microfinance Audit, PT Bank Danamon Indonesia Tbk (2010–2012).
• Team Leader Treasury, Financial Institution & Risk Management                      • Team Leader, Treasury, Financial Institutions & Risk Management, PT Bank
  PT Bank Mandiri (Persero) Tbk (2012–2018).                                            Mandiri (Persero) Tbk (2012–2018).
• Team Leader Group Audit & Risk Advisory PT Astra Internasional, Tbk                • Team Leader, Group Audit & Risk Advisory, PT Astra International Tbk
  (2018–2019).                                                                          (2018–2019).
• Wholesale, Trasury & Centralized Operation Audit Head PT Maybank Indonesia,        • Head of Wholesale, Treasury & Centralized Operations Audit, PT Maybank
  Tbk (2019–2020).                                                                      Indonesia Tbk (2019–2020).
• Division Head Risk Management di Bank Mandiri Taspen (2020–sekarang).              • Head of Risk Management Division, Bank Mandiri Taspen (2020–present).


Dasar Hukum Pengangkatan                                                             Legal Basis of Appointment
Menjabat sebagai Division Head Risk Management berdasarkan Surat Keputusan           Serves as Division Head of Risk Management based on Board of Directors Decree
Direksi No. KEP.DIR/036/III/2026 tanggal 9 Maret 2026.                               No. KEP.DIR/036/III/2026 dated March 9, 2026.




                                                   Tulus Parulian Hutabarat
                                                   Pj. Division Head Corporate Secretary & Legal
                                                   Acting Head of Corporate Secretary & Legal Division

                                                   Lahir di Dairi pada tahun 1975.            Domisili / Domicile:                  Warga negara Indonesia
                                                   Usia 50 tahun Per Desember 2025.           Tangerang Selatan, Indonesia          Indonesian citizen
                                                   Born in Dairi in 1975.                     South Tangerang, Indonesia
                                                   Age 50 years as of December 2025.



Riwayat Pendidikan                                                                   Educational Background
Sarjana Ekonomi dari Universitas Indonesia (UI), Depok (2003).                       Bachelor’s Degree in Economics from Universitas Indonesia (UI), Depok (2003).


Pengalaman Kerja                                                                     Work Experience
• Petugas Seksi Pendukung Sistem PT Bank Dagang Negara (Persero), (1998–1999).       • System Support Section Officer, PT Bank Dagang Negara (Persero) (1998–1999).
• Pelaksana IT e-Channel & Credit Card PT Bank Mandiri (Persero), Tbk (1999–2005).   • IT e-Channel & Credit Card Officer, PT Bank Mandiri (Persero) Tbk (1999–2005).
• Pelaksana IT Vendor & Contract Management PT Bank Mandiri (Persero), Tbk           • IT Vendor & Contract Management Officer, PT Bank Mandiri (Persero) Tbk
  (2005–2008).                                                                         (2005–2008).
• Assistant Manager IT Vendor & Contract Management PT Bank Mandiri                  • Assistant Manager, IT Vendor & Contract Management, PT Bank Mandiri (Persero)
  (Persero), Tbk (2008–2013).                                                          Tbk (2008–2013).
• Manager IT Vendor & Contract Management PT Bank Mandiri (Persero), Tbk             • Manager, IT Vendor & Contract Management, PT Bank Mandiri (Persero) Tbk
  (2013–2014).                                                                         (2013–2014).
• Senior Manager IT Procurement PT Bank Danamon Indonesia, Tbk (2014–2015).          • Senior Manager, IT Procurement, PT Bank Danamon Indonesia Tbk (2014–2015).
• Procurement & Contract Management Head PT Bank BTPN, Tbk (2015–2017).              • Head of Procurement & Contract Management, PT Bank BTPN Tbk (2015–2017).
• Department Head Procurement Bank Mandiri Taspen (2017–2022).                       • Department Head of Procurement, Bank Mandiri Taspen (2017–2022).
• Pj. Division Head Risk Business Control Bank Mandiri Taspen (2022–2023).           • Acting Head of Risk Business Control Division, Bank Mandiri Taspen (2022–2023).
• Division Head Procurement & Asset Management Bank Mandiri Taspen                   • Head of Procurement & Asset Management Division, Bank Mandiri Taspen
  (2023–2024)                                                                          (2023–2024).
• Division Head Network Development Bank Mandiri Taspen (2024–2026).                 • Head of Network Development Division, Bank Mandiri Taspen (2024–2026).
• Pj. Division Head Corporate Secretary & Legal Bank Mandiri Taspen                  • Acting Head of Corporate Secretary & Legal Division, Bank Mandiri Taspen
  (2026–sekarang).                                                                     (2026–present).


Dasar Hukum Pengangkatan                                                             Legal Basis of Appointment
Menjabat sebagai Pj. Division Head Corporate Secretary & Legal berdasarkan           Serves as Acting Division Head of Corporate Secretary & Legal based on Board
Surat Keputusan Direksi No KEP.DIR/029/III/2026 tanggal 9 Maret 2026.                of Directors Decree No. KEP.DIR/029/III/2026 dated March 9, 2026.




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Profil Perusahaan
Company Profile




                                              Tambos Hutabarat
                                              Head of Transformation Task Force
                                              Head of Transformation Task Force

                                              Lahir di Tarutung pada tahun 1964.      Domisili / Domicile:       Warga negara Indonesia
                                              Usia 61 tahun Per Desember 2025.        Jakarta, Indonesia         Indonesian citizen
                                              Born in Tarutung in 1964.
                                              Age 61 years as of December 2025.



Riwayat Pendidikan                                                           Educational Background
• Sarjana Manajemen dari Sekolah Tinggi Ilmu Manajemen Ujung Pandang         • Bachelor’s Degree in Management from the College of Management
  (1996).                                                                      Sciences Ujung Pandang (1996).
• Magister Management dari Sekolah Tinggi Ilmu Ekonomi Pasundan,             • Master’s Degree in Management from the College of Economics
  Bandung (2007).                                                              Pasundan, Bandung (2007).

Pengalaman Kerja                                                             Work Experience
• Kepala Kantor PT TASPEN (Persero) Cabang Mataram (2010–2012).              • Head of Branch Office, PT TASPEN (Persero) Mataram (2010–2012).
• Kepala Kantor PT TASPEN (Persero) Cabang Denpasar (2012–2015).             • Head of Branch Office, PT TASPEN (Persero) Denpasar (2012–2015).
• Wakil Kepala PT TASPEN (Persero) Cabang Utama Makassar (2015–2017).        • Deputy Head, Main Branch Office, PT TASPEN (Persero) Makassar
                                                                               (2015–2017).
• Kepala Kantor PT TASPEN (Persero) Cabang Utama Semarang                    • Head of the Main Branch Office of PT TASPEN (Persero), Semarang
  (2017–2019).                                                                 (2017–2019)
• Manager Utama Divisi Kepesertaan PT TASPEN (Persero)(2019).                • Senior Manager of the Membership Division of PT TASPEN (Persero)(2019).
• Senior Vice President Divisi Pelayanan dan Pemasaran PT TASPEN             • Senior Vice President, Service and Marketing Division of PT TASPEN
  (Persero) (2019–2021).                                                       (2019–2021).
• Division Head Pension & Loyalty Management Bank Mandiri Taspen             • Division Head, Pension & Loyalty Management, Bank Mandiri Taspen
  (2021–2026).                                                                 (2021–2026).
• Head of Transformation Task Force Bank Mandiri Taspen (2026–sekarang).     • Head of Transformation Task Force Bank Mandiri Taspen (2026–present).


Dasar Hukum Pengangkatan                                                     Legal Basis of Appointment
Menjabat sebagai Head of Transformation Task Force berdasarkan Surat         Has served as Head of the Transformation Task Force based on the Board of
Keputusan Direksi No. KEP.DIR/062/IV/2026 tanggal 8 April 2026.              Directors’ Decree No. KEP.DIR/062/IV/2026 dated 8 April 2026.




                                              Mohamad Razif
                                              Division Head Productive Loan
                                              Head of Productive Loan Division

                                              Lahir di Jakarta pada tahun 1970.       Domisili / Domicile:       Warga negara Indonesia
                                              Usia 55 tahun Per Desember 2025.        Jakarta, Indonesia         Indonesian citizen
                                              Born in Jakarta in 1970.
                                              Age 55 years as of December 2025.



Riwayat Pendidikan                                                           Educational Background
• Sarjana Ekonomi Akuntansi dari Universitas Sumatera Utara, Medan           • Bachelor’s Degree in Accounting from Universitas Sumatera Utara, Medan
  (1994).                                                                      (1994).
• Magister Manajemen dari Sekolah Tinggi Ilmu Ekonomi Prasetiya Mulya,       • Master’s Degree in Management from Sekolah Tinggi Ilmu Ekonomi
  Jakarta (2012).                                                              Prasetiya Mulya, Jakarta (2012).

Pengalaman Kerja                                                             Work Experience
• Credit and Trade Risk Manager, Risk Management, PT Bank Niaga              • Credit and Trade Risk Manager, Risk Management, PT Bank Niaga
  (1994–2006).                                                                 (1994–2006).
• Vice President, Citi Commercial Bank, Citibank N.A., Branch of Indonesia   • Vice President, Citi Commercial Bank, Citibank N.A., Indonesia Branch
  (2006–2023).                                                                 (2006–2023).
• Division Head Micro & Retail Business PT Bank Mandiri Taspen               • Head of Micro & Retail Business Division, PT Bank Mandiri Taspen
  (2023–2024).                                                                 (2023–2024).
• Division Head Consumer Business & Recovery PT Bank Mandiri Taspen          • Head of Consumer Business & Recovery Division, PT Bank Mandiri Taspen
  (2024–2026).                                                                 (2024–2026).
• Division Head Productive Loan PT Bank Mandiri Taspen (2026–sekarang).      • Head of Productive Loan Division, PT Bank Mandiri Taspen
                                                                               (2026–present).


Dasar Hukum Pengangkatan                                                     Legal Basis of Appointment
Menjabat sebagai Division Head Productive Loan berdasarkan Surat             Serves as Division Head of Productive Loan based on Board of Directors
Keputusan Direksi No. KEP.DIR/024/ III/2026 tanggal 9 Maret 2026.            Decree No. KEP.DIR/024/III/2026 dated March 9, 2026.




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                                                                                                                                    PT Bank Mandiri Taspen




                                                 Agus Syaiful Anwar
                                                 Division Head Strategic Business Development
                                                 Head of Strategic Business Development Division

                                                 Lahir di Kudus pada tahun 1985.                  Domisili / Domicile:          Warga negara Indonesia
                                                 Usia 40 tahun Per Desember 2025.                 Depok, Indonesia              Indonesian citizen
                                                 Born in Kudus in 1985.
                                                 Age 40 years as of December 2025.



Riwayat Pendidikan                                                                Educational Background
Sarjana Teknik Industri Universitas Diponegoro (2008).                            Bachelor’s Degree in Industrial Engineering from Diponegoro University (2008).


Pengalaman Kerja                                                                  Work Experience
• Procurement & Logistics Section Head, PT Triputra Agro Persada                  • Procurement & Logistics Section Head, PT Triputra Agro Persada (2011–2012)
  (2011–2012)
• ODP Sales & Marketing Supervisor, PT Bank Tabungan Pensiunan Nasional           • ODP Sales & Marketing Supervisor, PT Bank Tabungan Pensiunan Nasional
  (BTPN) (2012)                                                                     Tbk (2012)
• Assistant Manager MIS & Performance Management di PT Bank Tabungan              • Assistant Manager, MIS & Performance Management, PT Bank Tabungan
  Pensiunan Nasional (BTPN) (2012–2015)                                             Pensiunan Nasional Tbk (2012–2015)
• Data Management Manageer di PT PEFINDO Biro Kredit (2015–2017)                  • Data Management Manager, PT PEFINDO Biro Kredit (2015–2017)
• Team Leader, Sales & Portfolio Management, PT Bank Mandiri Taspen (2017)        • Team Leader, Sales & Portfolio Management, PT Bank Mandiri Taspen (2017)
• Department Head Sales & Portfolio Management, PT Bank Mandiri Taspen            • Department Head, Sales & Portfolio Management, PT Bank Mandiri Taspen
  (2017–2019)                                                                       (2017–2019)
• Department Head Strategy & Performance Management PT Bank Mandiri               • Department Head, Strategy & Performance Management, PT Bank Mandiri
  Taspen (2019–2024)                                                                Taspen (2019–2024)
• Division Head Strategy Performance Management & Accounting,                     • Head of Strategy Performance Management & Accounting Division,
  PT Bank Mandiri Taspen (2024–2026)                                                PT Bank Mandiri Taspen (2024–2026)
• Division Head Strategic Business Development, PT Bank Mandiri Taspen            • Head of Strategic Business Development Division, PT Bank Mandiri Taspen
  (2026–sekarang)                                                                   (2026–present)


Dasar Hukum Pengangkatan                                                          Legal Basis of Appointment
Menjabat sebagai Division Head Strategic Business Development berdasarkan         Appointed as Division Head of Strategic Business Development based on the
Surat Keputusan Direksi No. KEP.DIR/047/III/2026 tanggal 9 Maret 2026.            Board of Directors Decree No. KEP.DIR/047/III/2026 dated March 9, 2026.




                                                 Erlinda Rusda
                                                 Division Head Consumer Loan dan Division Head Portfolio Management
                                                 Head of Consumer Loan Division and Portfolio Management

                                                 Lahir di Padang Panjang pada tahun 1976.         Domisili / Domicile:          Warga negara Indonesia
                                                 Usia 49 tahun Per Desember 2025.                 Jakarta, Indonesia            Indonesian citizen
                                                 Born in Padang Panjang in 1976.
                                                 Age 49 years as of December 2025.



Riwayat Pendidikan                                                                Educational Background
Sarjana Manajemen Keuangan dan Perbankan dari Sekolah Tinggi Ilmu Ekonomi         Bachelor’s Degree in Financial Management and Banking from Sekolah Tinggi Ilmu
Jakarta (2001).                                                                   Ekonomi Jakarta (2001).


Pengalaman Kerja                                                                  Work Experience
• Funding Office PT Bank Tabungan Negara (Persero) Tbk (1999–2015).               • Funding Officer at PT Bank Tabungan Negara (Persero) Tbk (1999–2015).
• Kepala Cabang Pembantu PT Bank Yudha Bhakti Tbk (2015).                         • Sub-Branch Manager at PT Bank Yudha Bhakti Tbk (2015).
• Kepala Cabang Jakarta PT Bank Mandiri Taspen (2015–2016).                       • Jakarta Branch Manager at PT Bank Mandiri Taspen (2015–2016).
• Distribution Head II PT Bank Mandiri Taspen (2016–2017).                        • Distribution Head II at PT Bank Mandiri Taspen (2016–2017).
• Distribution Head III PT Bank Mandiri Taspen (2017–2020).                       • Distribution Head III at PT Bank Mandiri Taspen (2017–2020).
• Distribution Head I PT Bank Mandiri Taspen (2020–2022).                         • Distribution Head I at PT Bank Mandiri Taspen (2020–2022).
• Division Head Distribution & Portfolio Management PT Bank Mandiri Taspen        • Division Head of Distribution & Portfolio Management at PT Bank Mandiri Taspen
  (2022–2026).                                                                      (2022–2026).
• Division Head Distribution Network Strategic PT Bank Mandiri Taspen (2026).     • Division Head of Distribution Network Strategy at PT Bank Mandiri Taspen (2026).
• Division Head Portfolio Management PT Bank Mandiri Taspen                       • Head of Portfolio Management Division at PT Bank Mandiri Taspen
  (2026–sekarang)                                                                   (2026–present).
• Division Head Consumer Loan PT Bank Mandiri Taspen (2026–sekarang)              • Head of Consumer Loan Division at PT Bank Mandiri Taspen (2026–present).


Dasar Hukum Pengangkatan                                                          Legal Basis of Appointment
Menjabat sebagai Division Head Consumer Loan berdasarkan Surat Keputusan          Served as Division Head of Consumer Loan based on Board of Directors Decree
Direksi No. KEP.DIR/067/IV/2026 tanggal 8 April 2026, dan sebagai Division Head   No. KEP.DIR/067/IV/2026 dated April 8, 2026, and as Division Head of Portfolio
Portfolio Management berdasarkan Surat Keputusan Direksi No. KEP.DIR/046/         Management based on Board of Directors Decree No. KEP.DIR/046/III/2026 dated
III/2026 tanggal 9 Maret 2026.                                                    March 9, 2026.




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Company Profile




                                                 Hendro Triendarto
                                                 Division Head Human Capital
                                                 Head of Human Capital Division

                                                 Lahir di Yogyakarta pada tahun 1981.        Domisili / Domicile:           Warga negara Indonesia
                                                 Usia 44 tahun Per Desember 2025.            Jakarta, Indonesia             Indonesian citizen
                                                 Born in Yogyakarta in 1981.
                                                 Age 44 years as of December 2025.



Riwayat Pendidikan                                                                Educational Background
• Sarjana Teknologi Hasil Pertanian dari Universitas Gadjah Mada, Yogyakarta      • Bachelor’s Degree in Agricultural Product Technology from Universitas Gadjah
  (2004).                                                                           Mada (2004).
• Magister Business Innovation dari Monash University Indonesia, Tangerang        • Master of Business Innovation from Monash University Indonesia, Tangerang
  (2024).                                                                           (2024).


Pengalaman Kerja                                                                  Work Experience
•   Pelaksana Mass Banking Group PT Bank Mandiri (Persero) Tbk (2006–2012)        •   Mass Banking Group Executor, PT Bank Mandiri (Persero) Tbk(2006–2012).
•   Staff Development Program PT Bank Mandiri (Persero) Tbk (2012)                •   Staff Development Program, PT Bank Mandiri (Persero) Tbk (2012).
•   Business Development Officer PT Bank Mandiri (Persero) Tbk (2012–2014)        •   Business Development Officer, PT Bank Mandiri (Persero) Tbk(2012–2014).
•   SH Regional PT Bank Mandiri (Persero) Tbk (2014–2016)                         •   SH Regional, PT Bank Mandiri (Persero) Tbk (2014–2016).
•   TL Budget & Performance Regional PT Bank Mandiri (Persero) Tbk (2016–2019)    •   Team Leader Budget & Performance Regional, PT Bank Mandiri (Persero) Tbk
                                                                                      (2016–2019).
• TL Outsourcing Management PT Bank Mandiri (Persero) Tbk (2019–2020)             •   Team Leader Outsourcing Management, PT Bank Mandiri (Persero) Tbk
                                                                                      (2019–2020).
• Dept Head Outsourcing Operation & Support PT Bank Mandiri (Persero) Tbk         •   Department Head of Outsourcing Operation & Support, PT Bank Mandiri
  (2020–2024).                                                                        (Persero) Tbk (2020–2024).
• Head of Leadership Management PT Bank Mandiri (Persero) Tbk (2024–2025)         •   Head of Leadership Management, PT Bank Mandiri (Persero) Tbk (2024–2025).
• Division Head Human Capital PT Bank Mandiri Taspen (2025–sekarang)              •   Division Head of Human Capital, PT Bank Mandiri Taspen (2025–present).


Dasar Hukum Pengangkatan                                                          Legal Basis of Appointment
Menjabat sebagai Division Head Human Capital berdasarkan Surat Keputusan          Has served as Division Head of Human Capital based on the Board of Directors’
Direksi No. KEP.DIR/037/III/2026 tanggal 9 Maret 2026.                            Decree No. KEP.DIR/037/III/2026 dated 9 March 2026.




                                                 Aditya Subiyanto
                                                 Division Head Risk Business Control
                                                 Head of Risk Business Control Division

                                                 Lahir di Bantul pada tahun 1988.            Domisili / Domicile:           Warga negara Indonesia
                                                 Usia 37 tahun Per Desember 2025.            Jakarta, Indonesia             Indonesian citizen
                                                 Born in Bantul in 1988.
                                                 Age 37 years as of December 2025.



Riwayat Pendidikan                                                                Educational Background
Sarjana Ilmu Komputer dari Universitas Udayana, Denpasar (2010).                  Bachelor’s Degree in Computer Science from Universitas Udayana, Denpasar (2010).


Pengalaman Kerja                                                                  Work Experience
• Officer Development Program PT Bank Mandiri (Persero) Tbk (2010).               • Officer Development Program, PT Bank Mandiri (Persero) Tbk (2010).
• Customer Service Officer PT Bank Mandiri (Persero) Tbk Cabang Denpasar          • Customer Service Officer, PT Bank Mandiri (Persero) Branch Denpasar Veteran
  Veteran (2010).                                                                   (2010).
• Regional Performance & Budgeting Officer PT Bank Mandiri (Persero) Tbk          • Regional Performance & Budgeting Officer, PT Bank Mandiri (Persero)
  Regional Office XI Denpasar (2010–2014).                                          Regional Office XI Denpasar (2010–2014).
• Business Development Officer PT Bank Mandiri (Persero) Tbk Regional Office XI   • Business Development Officer, Bank Mandiri Regional Office XI Denpasar (2014).
  Denpasar (2014).
• Subsidiary Liaison Manager PT Bank Mandiri (Persero) Tbk Regional Office XI     • Subsidiary Liaison Manager, Bank Mandiri Regional XI Denpasar (2014–2015).
  Denpasar (2014–2015).
• Department Head SPM PT Bank Mandiri Taspen (2015–2019).                         •   Department Head of SPM, PT Bank Mandiri Taspen (2015–2019).
• Division Head SPM & Accounting PT Bank Mandiri Taspen (2019–2023).              •   Head of SPM & Accounting Division, PT Bank Mandiri Taspen (2019–2023).
• Division Head Risk Business Business PT Bank Mandiri Taspen (2023–2024).        •   Division Head Risk Business Business PT Bank Mandiri Taspen (2023-2024).
• Division Head Credit Operation PT Bank Mandiri Taspen (2024–2025)               •   Division Head Credit Operation PT Bank Mandiri Taspen (2024-2025)
• Head of Digital Transformation PT Bank Mandiri Taspen (2025).                   •   Head of Digital Transformation PT Bank Mandiri Taspen (2025).
• Division Head Risk Business Control PT Bank Mandiri Taspen (2025–sekarang).     •   Head of Risk Business Control Division, PT Bank Mandiri Taspen (2023–present).


Dasar Hukum Pengangkatan                                                          Legal Basis of Appointment
Menjabat sebagai Division Head Risk Business Control berdasarkan Surat            Has served as Head of Risk Business Control Division based on the Board of
Keputusan Direksi No. KEP.DIR/031/III/2026 tanggal 9 Maret 2026.                  Directors’ Decree No. KEP.DIR/031/III/2026 dated 9 March 2026.




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                                              Sang Ketut Miasa
                                              Division Head Central Operation
                                              Head of Central Operations Division

                                              Lahir di Bangli pada tahun 1978.           Domisili / Domicile:        Warga negara Indonesia
                                              Usia 47 tahun Per Desember 2025.           Jakarta, Indonesia          Indonesian citizen
                                              Born in Bangli in 1978.
                                              Age 47 years as of December 2025.




Riwayat Pendidikan                                                           Educational Background
Sarjana Ekonomi Akuntansi dari Universitas Udayana, Denpasar (2001).         Bachelor’s Degree in Accounting from Universitas Udayana, Denpasar (2001).


Pengalaman Kerja                                                             Work Experience
•   Staff Akunting di PT Bank Sinar Harapan Bali (2003–2006).                •    Accounting Staff, PT Bank Sinar Harapan Bali (2003–2006).
•   Kepala Seksi Akunting di PT Bank Sinar Harapan Bali (2006–2010).         •    Head of Accounting Section, PT Bank Sinar Harapan Bali (2006–2010).
•   Kepala Bagian Akuntansi di PT Bank Sinar Harapan Bali (2010–2015).       •    Head of Accounting Department, PT Bank Sinar Harapan Bali (2010–2015).
•   Division Head SPM & Accounting di Bank Mandiri Taspen (2015–2019).       •    Head of SPM & Accounting Division, Bank Mandiri Taspen (2015–2019).
•   Division Head Credit Operation Bank Mandiri Taspen (2019–2025).          •    Head of Credit Operations Division, Bank Mandiri Taspen (2019–2025).
•   Division Head Central Operation Bank Mandiri Taspen (2025–sekarang).     •    Head of Central Operations Division, Bank Mandiri Taspen (2025–present).


Dasar Hukum Pengangkatan                                                     Legal Basis of Appointment
Menjabat sebagai Division Head Central Operation berdasarkan Surat           Has served as Division Head of Central Operations based on the Board of
Keputusan Direksi No. KEP.DIR/032/III/2026 tanggal 9 Maret 2026.             Directors’ Decree No. KEP.DIR/032/III/2026 dated 9 March 2026.




                                              Aris Sunandar
                                              Division Head Credit Operation
                                              Head of Credit Operation Division

                                              Lahir di Jakarta pada tahun 1981.          Domisili / Domicile:        Warga negara Indonesia
                                              Usia 44 tahun Per Desember 2025.           Tangerang, Indonesia        Indonesian citizen
                                              Born in Jakarta in 1981.
                                              Age 44 years as of December 2025.



Riwayat Pendidikan                                                           Educational Background
Sarjana Hukum Perdata Universitas Trisakti, Jakarta (2004).                  Bachelor’s Degree in Civil Law from Universitas Trisakti, Jakarta (2004).


Pengalaman Kerja                                                             Work Experience
• Kepala Cabang Mikro PT Bank Mandiri (Persero) Tbk Lamongan                 • Micro Branch Head, PT Bank Mandiri (Persero) Lamongan Sunan Drajat
  Sunan Drajat (2004–2015)                                                     (2004–2015).
• Kepala Kantor Cabang Pembantu Tangerang PT Bank Mandiri Taspen             • Sub-Branch Head (KCP) Tangerang, PT Bank Mandiri Taspen
  (2015–2016)                                                                  (2015–2016).
• Kepala Kepala Cabang Pembantu Bogor PT Bank Mandiri Taspen (2016)          • Sub-Branch Head (KCP) Bogor, PT Bank Mandiri Taspen (2016).
• Kepala Kantor Cabang Serang PT Bank Mandiri Taspen (2016–2017)             • Branch Head Serang, PT Bank Mandiri Taspen (2016–2017).
• Operation Head Distribution 2 PT Bank Mandiri Taspen (2017–2019)           • Operation Head Distribution 2, PT Bank Mandiri Taspen (2017–2019).
• Kepala Kantor Cabang Bekasi PT Bank Mandiri Taspen (2019–2023)             • Branch Head Bekasi, PT Bank Mandiri Taspen (2019–2023).
• Kepala Kantor Cabang Semarang PT Bank Mandiri Taspen (2023)                • Branch Head Semarang, PT Bank Mandiri Taspen (2023).
• Distribution Head Distribution 4 PT Bank Mandiri Taspen (2023–2025)        • Distribution Head Distribution 4, PT Bank Mandiri Taspen (2023–2025).
• Division Head Credit Operation PT Bank Mandiri Taspen (2025–sekarang)      • Division Head of Credit Operation, PT Bank Mandiri Taspen
                                                                               (2025–present).

Dasar Hukum Pengangkatan                                                     Legal Basis of Appointment
Menjabat sebagai Division Head Credit Operation berdasarkan Surat            Has served as Division Head of Credit Operation based on the Board of
Keputusan Direksi No. KEP.DIR/033/III/2026 tanggal 9 Maret 2026.             Directors’ Decree No. KEP.DIR/033/III/2026 dated 9 March 2026.




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Company Profile




                                               Lalla Nurlaty Suri
                                               Division Head Treasury & F.I.
                                               Head of Treasury & F.I. Division

                                               Lahir di Jakarta pada tahun 1983.       Domisili / Domicile:         Warga negara Indonesia
                                               Usia 42 tahun Per Desember 2025.        Jakarta, Indonesia           Indonesian citizen
                                               Born in Jakarta in 1983.
                                               Age 42 years as of December 2025.



Riwayat Pendidikan                                                            Educational Background
Sarjana Manajemen dari Universitas Indonesia, Depok (2006).                   Bachelor’s Degree in Management from Universitas Indonesia, Depok (2006).


Pengalaman Kerja                                                              Work Experience
­• Chief Dealer Interest Rate Derivatives PT Bank Mandiri (Persero) Tbk       • Chief Dealer Interest Rate Derivatives PT Bank Mandiri (Persero) Tbk
      (2016–2018)                                                                  (2016-2018)
 ­• Chief Dealer Money Market PT Bank Mandiri (Persero) Tbk (2018-2021)       ­• Chief Dealer Money Market PT Bank Mandiri (Persero) Tbk (2018-2021)
  ­• Chief Dealer Bonds Retail PT Bank Mandiri (Persero) Tbk (2021-2025)       ­• Chief Dealer Bonds Retail PT Bank Mandiri (Persero) Tbk (2021-2025)
   ­• Division Head Treasury PT Bank Mandiri Taspen (2025-sekarang)             ­• Head of Treasury Division PT Bank Mandiri Taspen (2025-present)


Dasar Hukum Pengangkatan                                                      Legal Basis of Appointment
Menjabat sebagai Division Head Treasury &F.I. berdasarkan Surat Keputusan     Serves as Division Head of Treasury & F.I. based on Board of Directors
Direksi No. KEP. DIR/027/III/2026 tanggal 9 Maret 2026.                       Decree No. KEP.DIR/027/III/2026 dated March 9, 2026.




                                               Susi Melinda Panggabean
                                               Division Head Funding & Investment Product
                                               Head of Funding and Investment Products Division

                                               Lahir di Pematangsiantar pada tahun 1979.     Domisili / Domicile:        Warga negara Indonesia
                                               Usia 46 tahun Per Desember 2025.              Jakarta, Indonesia          Indonesian citizen
                                               Born in Pematangsiantar in 1979.
                                               Age 46 years as of December 2025.




Riwayat Pendidikan                                                            Educational Background
Sarjana Akuntansi dari Universitas Katolik Santo Thomas Sumatera Utara,       Bachelor’s Degree in Accounting from Santo Thomas Catholic University,
Medan (2001).                                                                 North Sumatra, Medan (2001).


Pengalaman Kerja                                                              Work Experience
• Teller PT Bank Mandiri (Persero) Tbk (2002–2003)                            • Teller, PT Bank Mandiri (Persero) Tbk (2002-2003).
• Junior Teller Jakarta Bintaro Jaya PT Bank Mandiri (Persero) Tbk            • Junior Teller, Jakarta Bintaro Jaya, PT Bank Mandiri (Persero) Tbk
  (2003–2005)                                                                   (2003-2005).
• Customer Service Representative PT Bank Mandiri (Persero) Tbk               • Customer Service Representative, PT Bank Mandiri (Persero) Tbk
  (2005–2011)                                                                   (2005-2011).
• Staff Development Program PT Bank Mandiri (Persero) Tbk (2011)              • Staff Development Program, PT Bank Mandiri (Persero) Tbk (2011).
• Priority Banking Officer PT Bank Mandiri (Persero) Tbk Jakarta Selatan      • Priority Banking Officer, PT Bank Mandiri (Persero) Tbk South Jakarta
  (2011–2015)                                                                   (2011-2015).
• Cash Outlet Manager PT Bank Mandiri (Persero) Tbk Jakarta Selatan           • Cash Outlet Manager, PT Bank Mandiri (Persero) Tbk South Jakarta
  (2015–2016)                                                                   (2015-2016).
• Branch Manager PT Bank Mandiri (Persero) Tbk Telkom Landmark Tower          • Branch Manager, PT Bank Mandiri (Persero) Tbk Telkom Landmark
  (2016–2025)                                                                   Tower (2016-2025).
• Division Head Funding & Investment Product PT Bank Mandiri Taspen           • Head of Funding & Investment Product Division, PT Bank Mandiri Taspen
  (2025–sekarang)                                                               (2025-present).

Dasar Hukum Pengangkatan                                                      Legal Basis of Appointment
Menjabat sebagai Division Head Funding & Investment Product yang              Served as Head of Funding & Investment Product Division as stipulated
ditetapkan dalam Surat Keputusan Direksi No. KEP.DIR/025/III/2026             in the Board of Directors Decree No. KEP.DIR/025/III/2026 dated March 9,
tanggal 9 Maret 2026.                                                         2026.




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                                                Hendi Hadianto
                                                Division Head Information Technology Planning & Development
                                                Head of Information Technology Planning & Development Division

                                                Lahir di Jakarta pada tahun 1975.          Domisili / Domicile:          Warga negara Indonesia
                                                Usia 50 tahun Per Desember 2025.           Jakarta, Indonesia            Indonesian citizen
                                                Born in Jakarta in 1975.
                                                Age 50 years as of December 2025.



Riwayat Pendidikan                                                             Educational Background
Sarjana Manajemen Informatika dari Universitas Gunadarma, Depok (1997).        Bachelor’s Degree in Information Management from Universitas Gunadarma, Depok
                                                                               (1997).


Pengalaman Kerja                                                               Work Experience
• PS Branch Delivery Service PT Bank Mandiri (Persero) Tbk (2003–2024).        •    PS Branch Delivery Service, PT Bank Mandiri (Persero) Tbk (2003-2024).
• Temporary Assignment Officer PT Bank Mandiri (Persero) Tbk (2004–2005).      •    Temporary Assignment Officer, PT Bank Mandiri (Persero) Tbk (2004–2005).
• TA IT Transactional Solution PT Bank Mandiri (Persero) Tbk (2005–2007).      •    TA & IT Transactional Solutions, PT Bank Mandiri (Persero) Tbk (2005–2007).
• TS IT CASH Management Host O Host Sols PT Bank Mandiri (Persero) Tbk         •    TS IT Cash Management Host-to-Host Solutions, PT Bank Mandiri (Persero) Tbk
  (2007–2008).                                                                      (2007-2008).
• TTL IT Cash Management Host O Host Sols PT Bank Mandiri (Persero) Tbk        •    TTL IT Cash Management Host-to-Host Solutions, PT Bank Mandiri (Persero)
  (2008–2012).                                                                      Tbk (2008-2012).
• TL Enterprise Service Bus PT Bank Mandiri (Persero) Tbk (2012–2015).         •    Team Leader, Enterprise Service Bus, PT Bank Mandiri(Persero) Tbk (2012-2015).
• DH IT Integration Projects PT Bank Mandiri (Persero) Tbk (2015–2018).        •    Department Head, IT Integration Projects, PT Bank Mandiri(Persero) Tbk
                                                                                    (2015-2018).
• DH Integration Development PT Bank Mandiri (Persero) Tbk (2018–2020).        •    Department Head, Integration Development, PT Bank Mandiri(Persero) Tbk
                                                                                    (2018-2020).
• Dept Head IT Core Banking System PT Bank Mandiri (Persero) Tbk               •    Department Head, IT Core Banking System, PT Bank Mandiri (Persero)
  (2020–2021).                                                                      (2020–2021).
• Solution Analyst PT Bank Mandiri (Persero) Tbk (2021–2022).                  •    Solution Analyst PT Bank Mandiri (Persero) Tbk (2021-2022).
• Solution Architect PT Bank Mandiri (Persero) Tbk (2022).                     •    Solution Architect PT Bank Mandiri (Persero) Tbk (2022).
• Division Head IT Planning & Development PT Bank Mandiri Taspen               •    Head of IT Planning & Development Division, PT Bank Mandiri Taspen
  (2022–sekarang).                                                                  (2022–present).


Dasar Hukum Pengangkatan                                                       Legal Basis of Appointment
Menjabat sebagai Division Head Information Technolgy Planning & Development    Serves as Division Head of Information Technology Planning & Development based
berdasarkan Surat Keputusan Direksi No. KEP.DIR/041/III/2026 tanggal 9 Maret   on Board of Directors Decree No. KEP.DIR/041/III/2026 dated March 9, 2026.
2026.




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                                              Fajar M. S. Sukmono
                                              Division Head Information Technology Operations
                                              Head of Information Technology Operations Division

                                              Lahir di Jakarta pada tahun 1972.       Domisili / Domicile:         Warga negara Indonesia
                                              Usia 53 tahun Per Desember 2025.        Tangerang Selatan/           Indonesian citizen
                                              Born in Jakarta in 1972.                South Tangerang,
                                              Age 53 years as of December 2025.       Indonesia




Riwayat Pendidikan                                                           Educational Background
• Sarjana Ekonomi Universitas Diponegoro, Semarang (1995).                   • Bachelor’s Degree in Economics from Universitas Diponegor, Semarang
                                                                               (1995).
• Magister Management Universitas Gadjah Mada, Yogyakarta (2009).            • Master’s Degree in Management from Universitas Gadjah Mada,
                                                                               Yogyakarta (2009).


Pengalaman Kerja                                                             Work Experience
• Kepala Bagian Kredit Cabang Biak PT Bank Ekspor Impor Indonesia            • Head of Credit Section, Biak Branch at PT Bank Ekspor Impor Indonesia
  (Persero) (1997–1999)                                                        (Persero) (1997–1999).
• Officer IT Retail Banking Service Delivery PT Bank Mandiri (Persero) Tbk   • IT Retail Banking Service Delivery Officer at PT Bank Mandiri (Persero)
  (1999–2001)                                                                  Tbk (1999–2001).
• Professional Staff IT Retail Banking Solution PT Bank Mandiri (Persero)    • Professional Staff, IT Retail Banking Solution at PT Bank Mandiri
  Tbk (2001–2003)                                                              (Persero) Tbk (2001–2003).
• Senior Professional Staff IT Retail Business Solution PT Bank Mandiri      • Senior Professional Staff, IT Retail Business Solution at PT Bank Mandiri
  (Persero) Tbk (2003)                                                         (Persero) Tbk (2003).
• Senior PS Asset Product IT eMAS Project Roll Out PT Bank Mandiri           • Senior Professional Staff, Asset Product IT eMAS Project Roll Out
  (Persero) Tbk (2003–2004)                                                    at PT Bank Mandiri (Persero) Tbk (2003–2004).
• Senior PS enhancement Project Asset IT eMAS Application                    • Senior Professional Staff, Enhancement Project Asset IT eMAS
  Development PT Bank Mandiri (Persero) Tbk (2003–2005)                        Application Development at PT Bank Mandiri (Persero) Tbk (2003–2005).
• Technical Assistant IT Asset Product Solution PT Bank Mandiri (Persero)    • Technical Assistant, IT Asset Product Solution at PT Bank Mandiri
  Tbk (2005–2007)                                                              (Persero) Tbk (2005–2007).
• Technical Team Leader IT Asset Product Solution PT Bank Mandiri            • Technical Team Leader, IT Asset Product Solution at PT Bank Mandiri
  (Persero) Tbk (2007–2012)                                                    (Persero) Tbk (2007–2012).
• Team Leader Lending, Credit, & Debit Card Services IT Retail Core          • Team Leader, Lending, Credit, & Debit Card Services, IT Retail Core
  Banking Application Services PT Bank Mandiri (Persero) Tbk                   Banking Application Services at PT Bank Mandiri (Persero) Tbk
  (2012–2014)                                                                  (2012–2014).
• Team Leader Deposit & Investment Services IT Retail Core Banking           • Team Leader, Deposit & Investment Services, IT Retail Core Banking
  Application Services PT Bank Mandiri (Persero) Tbk (2014–2015)               Application Services at PT Bank Mandiri (Persero) Tbk (2014–2015).
• Senior Project Manager IT Application Development PT Bank Mandiri          • Senior Project Manager, IT Application Development at PT Bank Mandiri
  (Persero) Tbk (2015–2016)                                                    (Persero) Tbk (2015–2016).
• Team Leader Test Environment IT Application Support PT Bank Mandiri        • Team Leader, Test Environment, IT Application Support at PT Bank
  (Persero) Tbk (2016–2017)                                                    Mandiri (Persero) Tbk (2016–2017).
• Team Leader Agile Testing IT Application Support PT Bank Mandiri           • Team Leader, Agile Testing, IT Application Support at PT Bank Mandiri
  (Persero) Tbk (2017–2018)                                                    (Persero) Tbk (2017–2018).
• Team Leader User Acceptance Test IT Application Support PT Bank            • Team Leader, User Acceptance Test, IT Application Support at PT Bank
  Mandiri (Persero) Tbk (2018)                                                 Mandiri (Persero) Tbk (2018).
• Department Head Performance Improvement & QA Retail Credit Center          • Department Head, Performance Improvement & QA, Retail Credit Center
  PT Bank Mandiri (Persero) Tbk (2018–2019)                                    at PT Bank Mandiri (Persero) Tbk (2018–2019).
• Business Process Reengineering Project Head Retail Credit Center           • Business Process Reengineering Project Head, Retail Credit Center at PT
  PT Bank Mandiri (Persero) Tbk (2019–2021)                                    Bank Mandiri (Persero) Tbk (2019–2021).
• Department Head Credit Card Retail Credit Center PT Bank Mandiri           • Department Head, Credit Card, Retail Credit Center at PT Bank Mandiri
  (Persero) Tbk (2021–2023)                                                    (Persero) Tbk (2021–2023).
• Division Head IT Operations PT Bank Mandiri Taspen (2023–sekarang)         • Head of IT Operations Division at PT Bank Mandiri Taspen (2023–
                                                                               present).


Dasar Hukum Pengangkatan                                                     Legal Basis of Appointment
Menjabat sebagai Division Head Information Technology Operations             Serves as Division Head of Information Technology Operations based on
berdasarkan Surat Keputusan Direksi No. KEP.DIR/040/III/2026 tanggal 9       Board of Directors Decree No. KEP.DIR/040/III/2026 dated March 9, 2026.
Maret 2026.




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                                                                                                                       PT Bank Mandiri Taspen




                                            Purnama Sulfa Syukur
                                            Division Head CISO (Chief Information Security Officer)
                                            Head of CISO (Chief Information Security Officer) Division

                                            Lahir di Jakarta pada tahun 1981.       Domisili / Domicile:       Warga negara Indonesia
                                            Usia 44 tahun Per Desember 2025.        Jakarta, Indonesia         Indonesian citizen
                                            Born in Jakarta in 1981.
                                            Age 44 years as of December 2025.



Riwayat Pendidikan                                                         Educational Background
• Sarjana Sistem Informasi dari Sekolah Tinggi Manajemen Informatika       • Bachelor’s Degree in Information Systems from Perbanas Institute
  dan Komputer Perbanas, Jakarta (1999).                                     (STIMIK Perbanas), Jakarta (1999).
• Magister Data Science dari Monash University Indonesia, Tangerang        • Master’s Degree in Data Science from Monash University Indonesia,
  (2024).                                                                    Tangerang (2024).


Pengalaman Kerja                                                           Work Experience
• Pelaksana Electronic Channel Banking PT Bank Mandiri (Persero) Tbk       • Electronic Channel Banking Officer, PT Bank Mandiri (Persero) Tbk
  (2004–2008).                                                               (2004–2008).
• Manager IT ATM & Self Service PT Bank Mandiri (Persero) Tbk              • Manager, IT ATM & Self Service, PT Bank Mandiri (Persero) Tbk
  (2008–2012).                                                               (2008–2012).
• Team Leader Security Access Control PT Bank Mandiri (Persero) Tbk        • Team Leader, Security Access Control, PT Bank Mandiri (Persero) Tbk
  (2012–2018).                                                               (2012–2018).
• Team Leader Security Operations Center PT Bank Mandiri (Persero) Tbk     • Team Leader, Security Operations Center, PT Bank Mandiri (Persero) Tbk
  (2018–2019).                                                               (2018–2019).
• Department Head Security Operations PT Bank Mandiri (Persero) Tbk        • Department Head, Security Operations, PT Bank Mandiri (Persero) Tbk
  (2019–2021).                                                               (2019–2021).
• Department Head Security Services PT Bank Mandiri (Persero) Tbk          • Department Head, Security Services, PT Bank Mandiri (Persero) Tbk
  (2021–2022).                                                               (2021–2022).
• IT Audit Specialist PT Bank Mandiri (Persero) Tbk (2023).                • IT Audit Specialist, PT Bank Mandiri (Persero) Tbk (2023).
• Division Head of Chief Information Security Officer (CISO) PT Bank       • Head of Chief Information Security Officer (CISO) Division,
  Mandiri Taspen (2023–sekarang).                                            PT Bank Mandiri Taspen (2023–present).


Dasar Hukum Pengangkatan                                                   Legal Basis of Appointment
Menjabat sebagai Division Head Chief Information Security Officer (CISO)   Serves as Division Head of Chief Information Security Officer (CISO)
berdasarkan Surat Keputusan Direksi No. KEP.DIR/038/III/2026 tanggal       based on Board of Directors Decree No. KEP.DIR/038/III/2026 dated March
9 Maret 2026.                                                              9, 2026.




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                                             Argi Ginanjar
                                             Pj. Division Head Strategy & Performance Management
                                             Acting Head of Strategy & Performance Management Division

                                             Lahir di Bandung pada tahun 1985.       Domisili / Domicile:       Warga negara Indonesia
                                             Usia 40 tahun Per Desember 2025.        Jakarta, Indonesia         Indonesian citizen
                                             Born in Bandung in 1985.
                                             Age 40 years as of December 2025.



Riwayat Pendidikan                                                          Educational Background
• Sarjana Ekonomi dari Universitas Widyatama, Bandung (2008).               • Bachelor’s Degree in Economics from Universitas Widyatama (2008).
• Magister Manajemen dari Universitas Indonesia, Depok (2025).              • Master of Management from Universitas Indonesia (2025).


Pengalaman Kerja                                                            Work Experience
• Customer Service Office PT Bank Mandiri (Persero) Tbk (2013–2014)         • Customer Service Officer at PT Bank Mandiri (Persero) Tbk
                                                                              (2013–2014).
• Service Quality Officer PT Bank Mandiri (Persero) Tbk (2014–2016)         • Service Quality Officer at PT Bank Mandiri (Persero) Tbk (2014–2016).
• Merchant Relationship Officer PT Bank Mandiri (Persero) Tbk (2016–2017)   • Merchant Relationship Officer at PT Bank Mandiri (Persero) Tbk
                                                                              (2016–2017).
• Branch Office Cash Outlet Manager PT Bank Mandiri (Persero) Tbk           • Cash Outlet Manager, Branch Office at PT Bank Mandiri (Persero) Tbk
  (2017-2018)                                                                 (2017–2018).
• Branch Operations Manager PT Bank Mandiri (Persero) Tbk (2018)            • Branch Operations Manager at PT Bank Mandiri (Persero) Tbk (2018).
• Branch Sales Manager PT Bank Mandiri (Persero) Tbk (2018–2019)            • Branch Sales Manager at PT Bank Mandiri (Persero) Tbk (2018–2019).
• Sub-branch Office Manager PT Bank Mandiri (Persero) Tbk (2019–2020)       • Sub-Branch Office Manager at PT Bank Mandiri (Persero) Tbk
                                                                              (2019–2020).
• Project Manager Unit Learning, Service & Culture PT Bank Mandiri Taspen   • Project Manager, Learning, Service & Culture Unit at PT Bank Mandiri
  (2020–2021)                                                                 Taspen (2020–2021).
• Department Head Culture Environment PT Bank Mandiri Taspen                • Department Head of Culture Environment at PT Bank Mandiri Taspen
  (2021–2023)                                                                 (2021–2023).
• Department Head Product & Program Funding PT Bank Mandiri Taspen          • Department Head of Product & Program Funding at PT Bank Mandiri
  (2023–2024)                                                                 Taspen (2023–2024).
• Department Head Employee Experience PT Bank Mandiri Taspen (2024)         • Department Head of Employee Experience at PT Bank Mandiri Taspen
                                                                              (2024).
• Department Head Service Quality & Continuous Improvement PT Bank          • Department Head of Service Quality & Continuous Improvement
  Mandiri Taspen (2024-2026)                                                  at PT Bank Mandiri Taspen (2024–2026).
• Department Head Quality Assurance PT Bank Mandiri Taspen (2026)           • Department Head of Quality Assurance at PT Bank Mandiri Taspen
                                                                              (2026).
• Pj. Division Head Strategy & Performance Management PT Bank Mandiri       • Acting Head of Strategy & Performance Management Division
  Taspen (2026–sekarang)                                                      at PT Bank Mandiri Taspen (2026–present).


Dasar Hukum Pengangkatan                                                    Legal Basis of Appointment
Menjabat sebagai Pj. Division Head Strategy & Performance Management        Has served as Acting Division Head of Strategy & Performance Management
berdasarkan Surat Keputusan Direksi No. KEP.DIR/069/IV/2026 tanggal         based on the Board of Directors’ Decree No. KEP.DIR/069/IV/2026 dated
8 April 2026.                                                               8 April 2026.




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                                                                                                                             PT Bank Mandiri Taspen




                                               Mochammad Azis Yusup
                                               Division Head Pension & Business Management
                                               Head of Pension & Business Management Division

                                               Lahir di Yogyakarta pada tahun 1968.     Domisili / Domicile:        Warga negara Indonesia
                                               Usia 57 tahun Per Desember 2025.         Jakarta, Indonesia          Indonesian citizen
                                               Born in Yogyakarta in 1968.
                                               Age 57 years as of December 2025.



Riwayat Pendidikan                                                            Educational Background
• Sarjana Administrasi Negara dari Universitas Jenderal Soedirman,            • Bachelor’s Degree in Public Administration from Universitas Jenderal
  Purwokerto (1993).                                                            Soedirman, Purwokerto (1993).
• Magister Manajemen Bisnis Institut Pertanian Bogor, Bogor (2010).           • Master’s Degree in Business Management, Bogor Agricultural University,
                                                                                Bogor (2010).

Pengalaman Kerja                                                              Work Experience
• Staff Personalia, PT Adhi Karya (1993–1994)                                 • Personnel Staff at PT Adhi Karya (1993–1994).
• Manager Kerjasama Bisnis, Divisi Strategi Kemitraan Konsumer Wilayah 1      • Business Cooperation Manager, Consumer Partnership Strategy Division
  Jakarta PT Bank Bukopin Tbk (1994–2018).                                      Region 1 Jakarta at PT Bank Bukopin Tbk (1994–2018).
• Division Head Pension Business PT Bank Mandiri Taspen (2018–2026).          • Division Head of Pension Business at PT Bank Mandiri Taspen (2018–2026).
• Division Head Consumer Loan PT Bank Mandiri Taspen (2026).                  • Division Head of Consumer Loan at PT Bank Mandiri Taspen (2026).
• Division Head Pension & Business Management PT Bank Mandiri Taspen          • Head of Pension & Business Management Division at PT Bank Mandiri
  (2026–sekarang).                                                              Taspen (2026–present).


Dasar Hukum Pengangkatan                                                      Legal Basis of Appointment
Menjabat sebagai Division Head Pension & Business Management                  Has served as Division Head of Pension & Business Management based on
berdasarkan Surat Keputusan Direksi No. KEP.DIR/061/IV/2026 tanggal           the Board of Directors’ Decree No. KEP.DIR/061/IV/2026 dated 8 April 2026.
8 April 2026.




                                               Pangrukti Kisbandini
                                               Division Head Digital Banking Operation
                                               Head of Digital Banking Operations Division

                                               Lahir di Banjarnegara pada tahun 1981.     Domisili / Domicile:       Warga negara Indonesia
                                               Usia 44 tahun Per Desember 2025.           Jakarta, Indonesia         Indonesian citizen
                                               Born in Banjarnegara in 1981.
                                               Age 44 years as of December 2025.



Riwayat Pendidikan                                                            Educational Background
Sarjana Teknik Industri dari Universitas Indonesia, Depok (2003).             Bachelor’s Degree in Industrial Engineering from Universitas Indonesia, Depok
                                                                              (2003).

Pengalaman Kerja                                                              Work Experience
• Officer Development Program Batch XVII PT Bank Mandiri (Persero) Tbk        • Officer Development Program Batch XVII, PT Bank Mandiri (Persero) Tbk
  (2004–2005).                                                                  (2004–2005).
• Customer Service Officer Area Pekanbaru PT Bank Mandiri (Persero) Tbk       • Customer Service Officer, Pekanbaru Area, PT Bank Mandiri (Persero)
  (2005–2007).                                                                  Tbk (2005–2007).
• Product Manager ATM & Other Services PT Bank Mandiri (Persero) Tbk          • Product Manager, ATM & Other Services, PT Bank Mandiri (Persero) Tbk
  (2007–2008).                                                                  (2007–2008).
• Product Manager Mandiri Tabungan Rencana PT Bank Mandiri (Persero)          • Product Manager, Mandiri Tabungan Rencana, PT Bank Mandiri (Persero)
  Tbk (2008–2009).                                                              Tbk (2008–2009).
• Product Manager Mandiri Tabungan Bisnis PT Bank Mandiri (Persero) Tbk       • Product Manager, Mandiri Tabungan Bisnis, PT Bank Mandiri (Persero)
  (2010–2011).                                                                  Tbk (2010–2011).
• Product Manager Mandiri Tabungan Reguler PT Bank Mandiri (Persero)          • Product Manager, Mandiri Tabungan Reguler, PT Bank Mandiri (Persero)
  Tbk (2012–2014)                                                               Tbk (2012–2014).
• Team Leader System Development & Integration - PT Bank Mandiri              • Team Leader, System Development & Integration, PT Bank Mandiri
  (Persero) Tbk (2015–2016).                                                    (Persero) Tbk (2015–2016).
• Department Head Digital Solutions PT Bank Mandiri Taspen (2019–2023).       • Head of Department, Digital Solutions, PT Bank Mandiri Taspen
                                                                                (2019–2023).
• Division Head Digital & Strategy Business Banking Development PT Bank       • Head of Digital & Strategy Business Banking Development, PT Bank
  Mandiri Taspen (2023).                                                        Mandiri Taspen (2023).
• Division Head Digital Banking Product PT Bank Mandiri Taspen                • Head of Division, Digital Banking Product, PT Bank Mandiri Taspen
  (2023–2026).                                                                  (2023–2026).
• Division Head Digital Banking Operation PT Bank Mandiri Taspen              • Head of Division, Digital Banking Operations, PT Bank Mandiri Taspen
  (2026–sekarang).                                                              (2026–present).

Dasar Hukum Pengangkatan                                                      Legal Basis of Appointment
Menjabat sebagai Division Head Digital Banking Operation berdasarkan          Has served as Division Head of Digital Banking Operation based on the
Surat Keputusan Direksi No. KEP.DIR/039/III/2026 tanggal 9 Maret 2026.        Board of Directors’ Decree No. KEP.DIR/039/III/2026 dated 9 March 2026.



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                                            Sangkot Parangin Angin
                                            Division Head Strategic Procurement & Asset Management
                                            Head of Strategic Procurement & Asset Management Division

                                            Lahir di Medan pada tahun 1984.        Domisili / Domicile:       Warga negara Indonesia
                                            Usia 41 tahun Per Desember 2025.       Bogor, Indonesia           Indonesian citizen
                                            Born in Medan in 1984.
                                            Age 41 years as of December 2025.



Riwayat Pendidikan                                                         Educational Background
Sarjana Ekonomi Akuntansi dari Universitas Islam Sumatera Utara, Medan     Bachelor’s Degree in Accounting from Universitas Islam Sumatera Utara,
(2008).                                                                    Medan (2008).

Pengalaman Kerja                                                           Work Experience
• Account Officer PT Bank Rakyat Indonesia (Persero) Tbk (2008–2012).      • Account Officer, PT Bank Rakyat Indonesia (Persero) Tbk (2008–2012).
• Auditor Internal PT Bank Syariah Mandiri Tbk (2012–2017).                • Internal Auditor, PT Bank Syariah Mandiri Tbk (2012–2017).
• Departemen Head Auditor Internal PT Bank Mandiri Taspen (2017–2024).     • Head of Internal Audit Department at PT Bank Mandiri Taspen
                                                                             (2017–2024).
• Division Head Procurement & Asset Management PT Bank Mandiri             • Head of Procurement & Asset Management Division, Bank Mandiri
  Taspen (2024–2026).                                                        Taspen (2024–2026).
• Division Head Strategic Procurement & Asset Management PT Bank           • Head of Strategic Procurement & Asset Management Division, PT Bank
  Mandiri Taspen (2026–sekarang).                                            Mandiri Taspen (2026–present).

Dasar Hukum Pengangkatan                                                   Legal Basis of Appointment
Menjabat sebagai Division Head Strategic Procurement & Asset               Serves as Division Head of Strategic Procurement & Asset Management
Management berdasarkan Surat Keputusan Direksi No. KEP.DIR/035/III/        based on Board of Directors Decree No. KEP.DIR/035/III/2026 dated March
2026 tanggal 9 Maret 2026.                                                 9, 2026.




                                            Harsono Rudi Firnadi
                                            Head of Transformation Task Force
                                            Head of Transformation Task Force

                                            Lahir di Pasuruan pada tahun 1967.      Domisili / Domicile:       Warga negara Indonesia
                                            Usia 58 tahun Per Desember 2025.        Jakarta, Indonesia         Indonesian citizen
                                            Born in Pasuruan in 1967.
                                            Age 58 years as of December 2025.




Riwayat Pendidikan                                                         Educational Background
• Sarjana Akuntansi dari Sekolah Tinggi Ilmu Ekonomi Malangkucecwara,      • Bachelor’s Degree in Accounting from STIE Malangkucecwara, Malang
  Malang (1990).                                                             (1990).
• Magister Akuntansi dari Universitas Airlangga, Surabaya (2006).          • Master’s Degree in Accounting from Universitas Airlangga, Surabaya
                                                                             (2006).

Pengalaman Kerja                                                           Work Experience
• Manager PT Bank Mandiri (Persero) Tbk (2003–2007).                       • Manager, PT Bank Mandiri (Persero) Tbk (2003–2007)
• Senior Manager PT Bank Mandiri (Persero) Tbk (2008–2012).                • Senior Manager, PT Bank Mandiri (Persero) Tbk (2008–2012)
• Asisten Vice President PT Bank Mandiri (Persero) Tbk (2012–2015).        • Assistant Vice President, PT Bank Mandiri (Persero) Tbk (2012–2015)
• Vice President PT Bank Mandiri (Persero) Tbk (2015–2020).                • Vice President, PT Bank Mandiri (Persero) Tbk (2015–2020)
• Senior Vice President Retail Credit Operations Group PT Bank Mandiri     • Senior Vice President Retail Credit Operations Group, PT Bank Mandiri
  (Persero) Tbk (2020–2024).                                                 (Persero) Tbk (2020–2024)
• Division Head Operational Excellence & Customer Experience               • Division Head of Operational Excellence & Customer Experience,
  PT Bank Mandiri Taspen (2024–2026)                                         PT Bank Mandiri Taspen (2024–2026)
• Division Head Operational & Service Excellence PT Bank Mandiri Taspen    • Division Head of Operational & Service Excellence, PT Bank Mandiri
  (2026)                                                                     Taspen (2026)
• Head of Transformation Task Force (2026–sekarang)                        • Head of Transformation Task Force (2026–present)

Dasar Hukum Pengangkatan                                                   Legal Basis of Appointment
Menjabat sebagai Head of Transformation Task Force berdasarkan Surat       Has served as Head of the Transformation Task Force based on the Board of
Keputusan Direksi No. KEP.DIR/068/IV/2026 tanggal 8 April 2026             Directors’ Decree No. KEP.DIR/068/IV/2026 dated 8 April 2026.




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                                                                                                                         PT Bank Mandiri Taspen




                                            Anggraini Kusumojati
                                            Pj. Division Head Accounting
                                            Acting Head of Accounting Division

                                            Lahir di Jakarta pada tahun 1985.       Domisili / Domicile:         Warga negara Indonesia
                                            Usia 40 tahun Per Desember 2025.        Jakarta, Indonesia           Indonesian citizen
                                            Born in Jakarta in 1985.
                                            Age 40 years as of December 2025.



Riwayat Pendidikan                                                         Educational Background
• Diploma Akuntansi Perpajakan dari Sekolah Tinggi Akutansi Negera,        • Diploma in Tax Accounting from Sekolah Tinggi Akuntansi Negara,
  Tangerang Selatan (2006)                                                   South Tangerang (2006).
• Sarjana Akuntansi dari Universitas Gadjah Mada, Yogyakarta (2008)        • Bachelor’s Degree in Accounting from Universitas Gadjah Mada,
                                                                             Yogyakarta (2008).
• Magister Management dari Universitas Gadjah Mada, Yogyakarta (2020)      • Master’s Degree in Management from Universitas Gadjah Mada,
                                                                             Yogyakarta (2020).

Pengalaman Kerja                                                           Work Experience
• Junior Associate, Joewono Effendi Lukman Tax Advisory (2008–2009).       • Junior Associate at Joewono Effendi Lukman Tax Advisory (2008–2009).
• Officer Development Program (Batch 42) PT Bank Mandiri (Persero) Tbk     • Officer Development Program (Batch 42) at PT Bank Mandiri (Persero)
  (2009).                                                                    Tbk (2009).
• Team Leader Accounting Policy & GL Maintenance PT Bank Mandiri           • Team Leader, Accounting Policy & GL Maintenance at PT Bank Mandiri
  (Persero) Tbk (2010–2017).                                                 (Persero) Tbk (2010–2017).
• Department Head Sistem Akuntansi dan Pelaporan PT Bank DKI               • Department Head of Accounting System and Reporting at PT Bank DKI
  (2017–2020).                                                               (2017–2020).
• Department Head Accounting Policy & Reg Reporting PT Bank Mandiri        • Department Head of Accounting Policy & Regulatory Reporting
  Taspen (2020–2026).                                                        at PT Bank Mandiri Taspen (2020–2026).
• Pj. Division Head Accounting PT Bank Mandiri Taspen (2026–sekarang)      • Acting Head of Accounting Division at PT Bank Mandiri Taspen
                                                                             (2026–present).

Dasar Hukum Pengangkatan                                                   Legal Basis of Appointment
Menjabat sebagai Pj. Division Head Accounting sejak 9 Maret 2026           Serves as Acting Division Head of Accounting since March 9, 2026, based on
berdasarkan Surat Keputusan Penetapan Jabatan No. KEP.DIR/048/III/2026     Appointment Decree No. KEP.DIR/048/III/2026 dated March 9, 2026.
tanggal 09 Maret 2026.




                                            Tiara Mayasari
                                            Pj. Division Head Distribution Network Strategic
                                            Acting Head of Distribution Network Strategic Division

                                            Lahir di Bandar Lampung pada tahun 1986.      Domisili / Domicile:        Warga negara Indonesia
                                            Usia 39 tahun Per Desember 2025.              Bandar Lampung,             Indonesian citizen
                                            Born in Bandar Lampung in 1986.               Indonesia
                                            Age 39 years as of December 2025.



Riwayat Pendidikan                                                         Educational Background
Sarjana Hukum dari Universitas Lampung, Bandar Lampung (2008).             Bachelor’s Degree in Law from Universitas Lampung, Bandar Lampung (2008).


Pengalaman Kerja                                                           Work Experience
• Kepala Kantor Cabang Palembang PT Bank Mandiri Taspen                    • Branch Manager, Palembang Branch at PT Bank Mandiri Taspen
  (2015–2016)                                                                (2015–2016).
• Kepala Kantor Cabang Jakarta PT Bank Mandiri Taspen (2016–2018)          • Branch Manager, Jakarta Branch at PT Bank Mandiri Taspen (2016–2018).
• Project Manager RBC PT Bank Mandiri Taspen (2018–2019)                   • Project Manager, RBC at PT Bank Mandiri Taspen (2018–2019).
• Department Head Support & Policy PT Bank Mandiri Taspen (2019)           • Department Head of Support & Policy at PT Bank Mandiri Taspen (2019).
• Department Head Fee Base & Insurance PT Bank Mandiri Taspen              • Department Head of Fee-Based & Insurance at PT Bank Mandiri Taspen
  (2019–2021)                                                                (2019–2021).
• Department Head Insurance PT Bank Mandiri Taspen (2021–2022)             • Department Head of Insurance at PT Bank Mandiri Taspen (2021–2022).
• Distribution Head Distribution 1 PT Bank Mandiri Taspen (2022–2024)      • Distribution Head, Distribution 1 at PT Bank Mandiri Taspen (2022–2024).
• Distribution Head Distribution 2 PT Bank Mandiri Taspen (2022–2026)      • Distribution Head, Distribution 2 at PT Bank Mandiri Taspen (2022–2026).
• Pj. Division Head Distribution Network Strategic PT Bank Mandiri         • Acting Head of Distribution Network Strategic Division at PT Bank Mandiri
  Taspen (2026–sekarang)                                                     Taspen (2026–present).

Dasar Hukum Pengangkatan                                                   Legal Basis of Appointment
Menjabat sebagai Pj. Division Head Distribution Network Strategic          Serves as Acting Division Head of Distribution Network Strategic based on
berdasarkan Surat Keputusan Direksi No. KEP.DIR/064/IV/2026 tanggal 8      Board of Directors Decree No. KEP.DIR/064/IV/2026 dated April 8, 2026.
April 2026.




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                                                  Pande Putu Rambiawan
                                                  Pj. Division Head Operational & Service Excellence
                                                  Acting Head of Operational & Service Excellence Division

                                                  Lahir di Denpasar pada tahun 1988.          Domisili / Domicile:          Warga negara Indonesia
                                                  Usia 37 tahun Per Desember 2025.            Jakarta, Indonesia            Indonesian citizen
                                                  Born in Denpasar in 1988.
                                                  Age 37 years as of December 2025.



Riwayat Pendidikan                                                                  Educational Background
Sarjana Akuntansi dari Universitas Hindu Indonesia, Denpasar (2012).                Bachelor’s Degree in Accounting from Universitas Hindu Indonesia,
                                                                                    Denpasar (2012).

Pengalaman Kerja                                                                    Work Experience
• Collection Officer Kantor Cabang Tabanan PT Bank Sinar Harapan Bali (2009–2010)   • Collection Officer, Tabanan Branch, PT Bank Sinar Harapan Bali (2009–2010).
• Account Officer Kantor Cabang Tabanan PT Bank Sinar Harapan Bali (2010)           • Account Officer, Tabanan Branch, PT Bank Sinar Harapan Bali (2010).
• Account Officer Kantor Cabang Pembantu Mengwi PT Bank Sinar Harapan               • Account Officer, Mengwi Sub-Branch, PT Bank Sinar Harapan Bali
  Bali (2010–2011)                                                                    (2010–2011).
• Koordinator AO Pasar Kantor Cabang Pembantu Mengwi PT Bank Sinar                  • Market AO Coordinator, Mengwi Sub-Branch, PT Bank Sinar Harapan Bali
  Harapan Bali (2011)                                                                 (2011).
• Staff Development Program 1 PT Bank Sinar Harapan Bali (2011)                     • Staff Development Program 1, PT Bank Sinar Harapan Bali (2011).
• Kepala Kantor Cabang Surabaya PT Bank Sinar Harapan Bali (2011–2014)              • Branch Head Surabaya, PT Bank Sinar Harapan Bali (2011–2014).
• Retail Manager Kantor Cabang Karangasem PT Bank Sinar Harapan Bali                • Retail Manager, Karangasem Branch, PT Bank Sinar Harapan Bali
  (2014–2015)                                                                         (2014–2015).
• Kepala Kantor Cabang Makassar PT Bank Mandiri Taspen (2015–2018)                  • Branch Head Makassar, PT Bank Mandiri Taspen (2015–2018).
• Kepala Kantor Cabang Surabaya PT Bank Mandiri Taspen (2018–2020)                  • Branch Head Surabaya, PT Bank Mandiri Taspen (2018–2020).
• Kepala Kantor Cabang Semarang PT Bank Mandiri Taspen (2020–2021)                  • Branch Head Semarang, PT Bank Mandiri Taspen (2020–2021).
• Department Head Office of the Board PT Bank Mandiri Taspen (2021–2022)            • Department Head Office of the Board, PT Bank Mandiri Taspen (2021–2022).
• Distribution Head Distribution 2 PT Bank Mandiri Taspen (2022–2023)               • Distribution Head Distribution 2, PT Bank Mandiri Taspen (2022–2023).
• Distribution Head Distribution 3 PT Bank Mandiri Taspen (2023–2025)               • Distribution Head Distribution 3, PT Bank Mandiri Taspen (2023–2025).
• Distribution Head Distribution 6 PT Bank Mandiri Taspen (2025–2026)               • Distribution Head Distribution 6, PT Bank Mandiri Taspen (2025–2026).
• Pj. Division Head Operational & Service Excellence PT Bank Mandiri Taspen         • Acting Head of Operational & Service Excellence Division, PT Bank Mandiri
  (2026–sekarang)                                                                     Taspen (2026–present).


Dasar Hukum Pengangkatan                                                            Legal Basis of Appointment
Menjabat sebagai Pj. Division Head Operational & Service Excellence                 Has served as Acting Division Head of Operational & Service Excellence
berdasarkan Surat Keputusan Direksi No. KEP.DIR/065/IV/2026 tanggal                 based on the Board of Directors’ Decree No. KEP.DIR/065/IV/2026 dated
8 April 2026.                                                                       8 April 2026.




                                                  Barli Suryanta
                                                  Head of Chief Economist
                                                  Head of Chief Economist

                                                  Lahir di Denpasar pada tahun 1980.          Domisili / Domicile:          Warga negara Indonesia
                                                  Usia 45 tahun Per Desember 2025.            Jakarta, Indonesia            Indonesian citizen
                                                  Born in Denpasar in 1980.
                                                  Age 45 years as of December 2025.



Riwayat Pendidikan                                                                  Educational Background
• Sarjana Fakultas Ekonomi dan Bisnis Universitas Padjadjaran (2004).               • Bachelor’s Degree in Economics and Business from Universitas Padjadjaran
                                                                                      (2004).
• Master of Science in Management (MSM), Sekolah Bisnis dan Manajemen               • Master of Science in Management (MSM), School of Business and
  Institut Teknologi Bandung (2010).                                                  Management, Institut Teknologi Bandung (2010).
• PhD in Economics, Arndt-Corden Dept. Of Economics, Crawford School                • PhD in Economics, Arndt-Corden Department of Economics, Crawford School
  of Public Policy, Australian National University (2021).                            of Public Policy, Australian National University (2021).


Pengalaman Kerja                                                                    Work Experience
• Asisten Profesor/Staf Pengajar Ekonomi & Keuangan, Departemen Risiko              • Assistant Professor / Lecturer in Economics & Finance, Department of
  Bisnis dan Keuangan, Sekolah Bisnis dan Manajemen, Institut Teknologi               Business Risk and Finance, School of Business and Management, Institut
  Bandung (2009–2022)                                                                 Teknologi Bandung (2009–2022).
• Asisten Deputi (AVP)/Head Analisis Ekonomi & Portofolio Investasi,                • Assistant Vice President / Head of Economic Analysis & Investment Portfolio,
  Direktorat Pengembangan Investasi BPJS Ketenagakerjaan (2022–2025)                  Investment Development Directorate, BPJS Ketenagakerjaan (2022–2025).
• Penasihat Independen Kebijakan Makro, Strategi Investasi, dan Bisnis              • Independent Advisor on Macroeconomic Policy, Investment Strategy, and
  Feasibility (2025)                                                                  Business Feasibility (2025).
• Head of Chief Economist PT Bank Mandiri Taspen (2026–sekarang)                    • Head of Chief Economist at PT Bank Mandiri Taspen (2026–present).


Dasar Hukum Pengangkatan                                                            Legal Basis of Appointment
Menjabat sebagai Head of Chief Economist berdasarkan Surat Keputusan Direksi        Serves as Head of Chief Economist based on Board of Directors Decree No. KEP.
No. KEP.DIR/050/III/2026 tanggal 9 Maret 2026.                                      DIR/050/III/2026 dated March 9, 2026.




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                                                                                  PT Bank Mandiri Taspen




Profil Karyawan
Profile of Employee


Jumlah Karyawan Berdasarkan Jenis Kelamin
Number of Employee Based on Gender
Tabel Jumlah Karyawan Berdasarkan Jenis Kelamin
Table of Number of Employees Based on Gender
                                                                            (dalam satuan orang / in units of people)


                   Jenis Kelamin              2025          2024                Gender

 Laki-laki                                    1,711         1,691                                           Male

 Perempuan                                    1,833         1,700                                        Female

 Jumlah                                       3,544         3,397                                           Total




Jumlah Karyawan Berdasarkan Rentang Usia
Number of Employee Based on Age Range
Tabel Jumlah Karyawan Berdasarkan Rentang Usia
Table of Number of Employees Based on Age Range
                                                                            (dalam satuan orang / in units of people)


                                                  2025                          2024
             Rentang Usia
              Age Range             Pria          Wanita            Pria       Wanita
                                                            Total                                     Total
                                    Male          Female            Male       Female

 <26 Tahun
 <26 years old                         70             315    385     137           462                  599

 26-30 Tahun
 26-30 years old                      547             881   1,428    419           585                1,004

 31-35 Tahun
 31-35 years old                      395             348    743     493           409                  902

 36-40 Tahun
 36-40 years old                      309             146    455     277           113                  390

 41-45 Tahun
 41-45 years old                      190             72     262     208            76                  284

 46-50 Tahun
 46-50 years old                      138             53     191      87            35                  122

 51-55 Tahun
 51-55 years old                       25              8      33      40            14                    54

 56-60 Tahun
 56-60 years old                       22              9      31      35              6                   41

 >60 Tahun
 >60 years old                         15              1      16       1              0                    1

 Jumlah
 Total                              1,711          1,833    3,544   1,697        1700                 3,397




2025 Annual Report                                                                                      151
Page 152
Profil Perusahaan
Company Profile




Jumlah Karyawan Berdasarkan Level Jabatan
Number of Employee Based on Position Level
Tabel Jumlah Karyawan Berdasarkan Level Jabatan
Table of Number of Employees Based on Position Level
                                                                             (dalam satuan orang / in units of people)


                                                   2025                          2024
            Level Jabatan
            Position Level           Pria         Wanita             Pria       Wanita
                                                             Total                                     Total
                                     Male         Female             Male       Female

 Non Grade                               -               -       -       -              -                    -

 Grade A                               15                1     16      18              1                   19

 Grade PP1-PP3                        685          1,215     1,900    776         1,189                1,965

 Grade PM1-PM3                        203              198    401     109           105                   214

 Grade PS1-PS3                         19               13     43      18             13                   31

 Grade D0-D4                          705              386   1,091    699           372                1,036

 Grade E1-E3                           84               20    102      77             20                   97

 Jumlah
                                     1,711         1,833     3,544   1,697        1,700                3,397
 Total




Jumlah Karyawan Berdasarkan Tingkat Pendidikan
Number of Employees Based on Education Level
Tabel Jumlah Karyawan Berdasarkan Tingkat Pendidikan
Table Number of Employees Based on Education Level
                                                                             (dalam satuan orang / in units of people)


                                                   2025                          2024
        Tingkat Pendidikan
          Education Level            Pria         Wanita             Pria       Wanita
                                                             Total                                     Total
                                     Male         Female             Male       Female

 SMP
                                         0               1       1      1              1                     2
 Junior High School

 SMA
                                        44              32      76     50             37                   87
 Senior High School

 Diploma
                                      136              197    333     133           184                   317
 Diploma

 Sarjana
                                     1,486         1,576     3,062   1,466        1,442                2,908
 Bachelor

 Pasca Sarjana
                                        45              27      72     47             36                   83
 Postgraduate

 Jumlah
                                     1,711         1,833     3,544   1,697        1,700                3,397
 Total




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                                                                                                          PT Bank Mandiri Taspen




Jumlah Karyawan Berdasarkan Status Kepegawaian
Number of Employees Based on Employment Status
Tabel Jumlah Karyawan Berdasarkan Status Kepegawaian
Table Number of Employees Based on Employment Status
                                                                                                   (dalam satuan orang / in units of people)


                                                         2025                                           2024
      Status Kepegawaian
      Employment Status                  Pria           Wanita                        Pria            Wanita
                                                                      Total                                                  Total
                                         Male           Female                        Male            Female

 Pegawai Tetap
                                         1,445           1,299        2,744            1,450            1,207                 2,657
 Permanent Employee

 Pegawai Tidak Tetap (Kontrak)
                                           266             534          800             247               493                   740
 Non-Permanent Employee (Contract)

 Jumlah
                                         1,711           1,833        3,544            1,697            1,700                 3,397
 Total




Pengembangan Kompetensi                                           Competency Development

Kebijakan                                                         Policy

Strategi pengembangan kompetensi SDM Bank Mandiri                 Bank Mandiri Taspen’s HR competency development strategy
Taspen mempedomani ketentuan POJK No. 24 Tahun 2022               was guided by the Financial Services Authority Regulation
tentang Pengembangan Kualitas Sumber Daya Manusia                 (POJK) No. 24 of 2022 concerning Development of the Quality
Bank Umum dan Standar Prosedur Sumber Daya Manusia.               of Human Resources for Commercial Banks and Standard
Penyusunan program pengembangan kompetensi SDM Bank               Human Resources Procedures. The preparation of Bank
Mandiri Taspen dilakukan melalui proses Training Need             Mandiri Taspen’s HR competency development program was
Analysis (TNA). Masing-masing Divisi akan menyampaikan            carried out through the Training Need Analysis (TNA) process.
pelatihan yang dibutuhkan meliputi bidang teknis, non teknis,     Each Division provided the required training covering technical,
dan kepemimpinan melalui:                                         non-technical, and leadership areas through:
•    Sertifikasi Kompetensi Kerja di Sektor Perbankan.            •     Job Competency Certification in the Banking Sector.
•    Sertifikasi Kompetensi selain Sertifikasi Kompetensi Kerja   •     Competency Certification other than Job Competency
     di Sektor Perbankan, dan;                                          Certification in the Banking Sector, and;
•    Peningkatan Kompetensi lainnya                               •     Other Competency Improvement
•    Pelatihan Non Teknis                                         •     Non-Technical Training
•    Leadership                                                   •     Leadership


Pelaksanaan pengembangan kompetensi SDM Bank Mandiri              The implementation of human capital competency
Taspen dilakukan baik secara luring (offline) dan daring          development at Bank Mandiri Taspen was conducted through
(online), dan dapat diselenggarakan oleh pihak internal           both offline and online methods, and could be organized by
maupun eksternal, dengan mempertimbangkan kompleksitas            either internal or external parties, taking into account the
modul dan ketersediaan resources yang ada. Bank Mandiri           complexity of the modules and the availability of resources.
Taspen berkomitmen untuk mengembangkan kompetensi                 The Bank was committed to developing the competencies of all
seluruh pegawai dengan memberikan kesempatan yang sama            employees by providing equal opportunities for participation
kepada seluruh pegawai untuk dapat mengikuti program              in competency development programs, regardless of position
pengembangan kompetensi yang diadakan tanpa memandang             level, educational background, or gender.
level jabatan, pendidikan, maupun gender dari pegawai.


Dalam rangka memastikan proses pengembangan kompetensi            To ensure that the HR competency development process run
SDM berjalan dengan baik, setiap program pelatihan yang           well, every training program was evaluated.
diselenggarakan akan dievaluasi.




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Profil Perusahaan
Company Profile




Pelaksanaan Pengembangan Kompetensi                                Implementation of Competency
                                                                   Development
Tabel Pengembangan Kompetensi Tahun 2025
Table of Competency Development 2025


              Bidang Kompetensi             Jumlah Peserta                                        Tujuan
 No.
              Field of Competence         Number of Participants                                 Objective


                                                                    Meningkatkan kemampuan manajerial, pengambilan keputusan,
                                                                    dan kepemimpinan efektif bagi pejabat struktural.
  1.     Leadership                                1.009
                                                                    Enhancing managerial capabilities, decision-making, and effective
                                                                    leadership for structural officers.

                                                                    Meningkatkan kompetensi perilaku pegawai dalam mendukung
         Non Teknis                                                 efektivitas kerja dan budaya organisasi.
  2.                                               603
         Non-Technical                                              Strengthening employees’ behavioral competencies to support
                                                                    work effectiveness and organizational culture.

                                                                    Memenuhi kebutuhan peningkatan pengetahuan dan keterampilan
         Peningkatan Kompetensi Lainnya                             spesifik sesuai bidang tugas masing-masing unit kerja.
  3.                                               3.767
         Other Competency Development                               Fulfilling the need for enhanced knowledge and specific skills in
                                                                    accordance with the respective functions of each work unit.

                                                                    Memperoleh pengakuan kompetensi profesional melalui lembaga
                                                                    sertifikasi internasional atau nasional di luar kerangka SKKNI,
         Sertifikasi Non SKKNI                                      untuk mendukung kebutuhan teknis tertentu.
  4.                                                54
         Non-SKKNI Certification                                    Obtaining professional competency recognition through
                                                                    international or national certification bodies outside the SKKNI
                                                                    framework, to support specific technical requirements.

                                                                    Memastikan pegawai memiliki kompetensi terstandar sesuai
                                                                    Standar Kompetensi Kerja Nasional Indonesia (SKKNI) yang relevan
         Sertifikasi SKKNI                                          dengan jabatan dan bidang pekerjaan.
  5.                                               1.153
         SKKNI Certification                                        Ensuring that employees possess standardized competencies
                                                                    in accordance with the Indonesian National Work Competency
                                                                    Standards (SKKNI) relevant to their positions and areas of work.




Biaya Pengembangan Kompetensi                                      Cost of Competency Development

Sepanjang tahun 2025 biaya pengembangan kompetensi yang            Throughout 2025, the Bank incurred competency development
telah dikeluarkan Bank adalah sebesar Rp25.295.904.518             expenses totaling IDR25,295,904,518, equivalent to 5.46%
atau sebesar 5,46% dari total Beban Gaji Kotor (Gross Salary).     of total Gross Salary expenses. This amount exceeded the
Biaya tersebut juga telah melebihi ketentuan OJK yaitu minimal     minimum requirement set by the Otoritas Jasa Keuangan (OJK),
3,5% dari total beban Gaji Kotor.                                  which is at least 3.5% of total Gross Salary expenses.




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                                                                                                             PT Bank Mandiri Taspen




Komposisi Pemegang Saham
Composition of Shareholders


Tabel Komposisi Pemegang Saham Bank Mandiri Taspen Tahun 2025
Table of Composition of Bank Mandiri Taspen Shareholders in 2025


                                                                                         Kepemilikan              Kepemilikan
             Pemegang Saham                       Jumlah Saham (lembar)                 1 Januari 2024         31 Desember 2024
               Shareholders                       Number of Shares (sheet)                Ownership                Ownership
                                                                                       January 1, 2024         December 31, 2024

 PT Bank Mandiri (Persero) Tbk                            837,303,519                       51.098%                   51.098%

 PT Taspen (Persero)                                      793,687,754                       48.437%                   48.437%

 I. B. Made Putra Jandhana                                  7,617,432                        0.465%                    0.465%

 TOTAL                                                  1,638,608,705                         100%                       100%



Per 1 Januari 2025 sampai dengan 31 Desember 2025, tidak                As of January 1, 2025 to December 31, 2025, there were no
terdapat perubahan komposisi pemegang saham.                            changes in the composition of shareholders.



Klasifikasi Pemegang Saham                                              Shareholder Classification

Sampai dengan tanggal 31 Desember 2025, Bank Mandiri                    As of December 31, 2025, Bank Mandiri Taspen had not listed
Taspen belum mencatatkan sahamnya di Bursa Efek, sehingga               its shares on the stock exchange; therefore, there was no
tidak terdapat kepemilikan institusi lokal, kepemilikan institusi       classification of share ownership into domestic institutional
asing, kepemilikan individu lokal dan kepemilikan individu              ownership, foreign institutional ownership, domestic individual
asing.                                                                  ownership, or foreign individual ownership.



Komposisi 20 Pemegang Saham                                             Composition of The Biggest
Terbesar                                                                20 Shareholders

Sampai dengan 31 Desember 2025, Bank Mandiri Taspen                     Until December 31, 2025, Bank Mandiri Taspen was not yet
belum menjadi perusahaan yang mencatatkan sahamnya                      a company that listed its share in stock exchange. Hence,
di Bursa Saham. Dengan demikian, tidak terdapat informasi               there are no information about the composition of 20 largest
mengenai komposisi 20 pemegang saham terbesar.                          shareholder.




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Profil Perusahaan
Company Profile




Komposisi Pemegang Saham 5%                                     Composition of Shareholders
atau Lebih                                                      Owning 5% or More Shares

Komposisi Pemegang Saham 5% atau lebih pada tanggal             The composition of shareholders holding 5% or more as of
1 Januari 2025 dan 31 Desember 2025 tidak mengalami             January 1, 2025 and December 31, 2025 remained unchanged,
perubahan dengan informasi sebagai berikut.                     with details as follows.


Tabel Komposisi Pemegang Saham 5% atau lebih Bank Mandiri Taspen
Table of Shareholders Composition of 5% or more Bank Mandiri Taspen


                            Nama                                  Jumlah Saham                        Kepemilikan
                            Name                                 Number of Shares                      Ownership

 PT Bank Mandiri (Persero) Tbk                                        837,303,519                        51.098%

 PT Taspen (Persero)                                                  793,687,754                        48.437%

 TOTAL                                                              1,630,991,273                         99.54%




Kelompok Pemegang Saham                                         Group of Society Shareholders
Masyarakat Kurang Dari 5%                                       Owning Less Than 5%

Kelompok Pemegang Saham Masyarakat Kurang Dari 5%               The composition of public shareholders holding less than
pada tanggal 1 Januari 2025 dan 31 Desember 2025 tidak          5% as of January 1, 2025 and December 31, 2025 remained
mengalami perubahan dengan informasi sebagai berikut.           unchanged, with details as follows.


Tabel Kelompok Pemegang Saham Masyarakat Kurang Dari 5%
Table of Public Shareholder Group with Less Than 5% Ownership


                            Nama                                  Jumlah Saham                        Kepemilikan
                            Name                                 Number of Shares                      Ownership

 I.B. Made Putra Jandhana                                               7,617,432                         0.465%




Kepemilikan Saham Dewan Komisaris,                              Share Ownership of The Board
Direksi dan Manajemen                                           of Commissioners, Directors
                                                                and Management

Sampai dengan 31 Desember 2025, tidak terdapat kepemilikan      As of December 31, 2025, there was no direct or indirect
saham Dewan Komisaris, Direksi dan Manajemen secara             share ownership of the Board of Commissioners, Directors and
langsung dan tidak langsung.                                    Management.




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                                                                                                     PT Bank Mandiri Taspen




Pemegang Saham Utama dan Pengendali
Main and Controlling Shareholders


Saham Bank Mandiri Taspen dimiliki oleh PT Bank Mandiri        Bank Mandiri Taspen shares are owned by PT Bank Mandiri
(Persero) Tbk, PT Taspen (Persero) dan I.B. Made Putra         (Persero) Tbk, PT Taspen (Persero) and I.B. Made Putra
Jandhana. PT Bank Mandiri (Persero) Tbk selaku Pemegang        Jandhana. PT Bank Mandiri (Persero) Tbk as the Main and
Saham Utama dan Pengendali dan PT Taspen (Persero)             Controlling Shareholder and PT Taspen (Persero) as the
selaku Pemegang Saham Pengendali. Dengan demikian, tidak       Controlling Shareholder. As such, there are no direct or indirect
terdapat pemegang saham pengendali individu baik langsung      individual controlling shareholders.
maupun tidak langsung.



                           Nama                                  Jumlah Saham                           Kepemilikan
                           Name                                 Number of Shares                         Ownership

 PT Bank Mandiri (Persero) Tbk                                       837,303,519                           51.098%

 PT Taspen (Persero)                                                 793,687,754                           48.437%




Daftar Entitas Anak dan/atau Entitas Asosiasi
Name of Subsidiaries, Associates and Joint Venture Companies


Sampai dengan 31 Desember 2025, Bank Mandiri Taspen            As of December 31, 2025, Bank Mandiri Taspen had no
tidak memiliki entitas anak, entitas asosiasi dan perusahaan   subsidiary companies, associated entities, or joint ventures.
ventura bersama sehingga tidak tersedia informasi mengenai:    Thus, there is no information available concerning: Names
Nama entitas anak, asosiasi dan perusahaan ventura bersama;    of subsidiaries, associates and joint ventures; Percentage of
Persentase kepemilikan saham; Keterangan tentang bidang        share ownership; Information on the business activities of
usaha entitas anak, asosiasi dan perusahaan ventura bersama;   subsidiaries, associates, and joint ventures; and information
dan keterangan status operasi entitas anak dan/atau entitas    on the operational status of subsidiaries and/or associates
asosiasi (telah beroperasi atau belum beroperasi).             (whether they were active or not).




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Profil Perusahaan
Company Profile




Struktur Grup Perusahaan
Company Group Structure


                                                         I.B. Made Putra
                                                             Jandhana


                            51,098%                           0,465%                        48,437%




Sampai dengan 31 Desember 2025, Bank Mandiri Taspen                As of December 31, 2025, Bank Mandiri Taspen does not
tidak memiliki Entitas Anak, Entitas Asosiasi, Joint Venture dan   have any Subsidiaries, Associated Entities, Joint Ventures and
Special Purpose Vehicle (SPV).                                     Special Purpose Vehicles (SPV).




Informasi Kelompok Usaha Bank
Bank Business Group Information


Struktur Kelompok Usaha Bank                                       Bank Business Group Structure
Struktur kelompok usaha Bank telah disajikan pada sub bagian       The structure of the Bank’s business group has been presented
Struktur Grup Perusahaan.                                          in the subsection of the Company’s Group Structure.



Struktur Keterkaitan Kepengurusan                                  Structure of Management Linkages
dalam Kelompok Usaha Bank                                          in The Bank Business Group

Bank Mandiri Taspen merupakan Perusahaan Anak dari                 PT Bank Mandiri (Persero) Tbk is the parent company of Bank
PT Bank Mandiri (Persero) Tbk dan PT TASPEN (Persero).             Mandiri Taspen, along with PT TASPEN (Persero). As of 31
Per 31 Desember 2025, Bank Mandiri Taspen tidak memiliki           December 2025, Bank Mandiri Taspen has no members of the
Anggota Direksi yang merupakan pegawai penugasan dari              Board of Directors who are assigned employees from either
Bank Mandiri dan PT TASPEN.                                        Bank Mandiri or PT TASPEN.



Pemegang Saham yang Bertindak                                      Shareholders Who Act on Behalf
atas Nama Pemegang Saham Lain                                      of Other Shareholders

Tidak terdapat Pemegang Saham yang bertindak atas nama             There are no Shareholders who act on behalf of other
pemegang saham lain.                                               shareholders.




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                                                                                                    PT Bank Mandiri Taspen




Kronologi Penerbitan Saham
Share Listing Choronology


Bank Mandiri Taspen per 31 Desember 2025 belum                As of December 31, 2025 Bank Mandiri Taspen had not listed
mencatatkan saham di Bursa Efek. Dengan demikian tidak        its shares on the Stock Exchange. Thus, there is no information
terdapat informasi tentang tindakan korporasi (corporate      about corporate actions, their respective share offering prices,
action), harga penawaran saham untuk masing-masing            the number of shares recorded after each corporate action, and
tindakan korporasi, jumlah saham tercatat setelah masing-     the name of the exchange where the Company’s shares are
masing tindakan korporasi, dan nama bursa tempat saham        listed.
Perseroan dicatatkan.


Kronologis penerbitan saham Bank Mandiri Taspen dapat         The chronology of Bank Mandiri Taspen’s share issurance can
dijelaskan sebagai berikut:                                   be explained as follows:


                                     Jumlah Saham
                        Jumlah
                                      Setelah Aksi
                        Saham/                        Nominal/
      Tanggal                          Korporasi
                        Lembar                        Lembar                                      Akta Notaris
     Penerbitan                        Number of                        Total
                       Number of                      Nominal/                                    Notarial Deed
    Issuing Date                      Shares After
                        Shares /                       Sheets
                                       Corporate
                        Sheets
                                         Action


  3 November 1992                                                                     Akta No. 4 Tanggal 3 November 1992
                            50,000          -         1,000,000     50,000,000,000
  November 3, 1992                                                                    Deed No. 4 November 3, 1992

     3 Mei 2008                                                                       Akta No.5 Tanggal 3 Mei 2008
                       199,950,000     200,000,000          500    100,000,000,000
     May 3, 2008                                                                      Deed No.5 Dated May 3, 2008

  22 Desember 2014                                                                    Akta No.93 Tanggal 22 Desember 2014
                       800,000,000    1,000,000,000         500    500,000,000,000
  December 22, 2014                                                                   Deed No.93 Dated December 22, 2014

   31 Oktober 2016                                                                    Akta No.53 Tanggal 31 Oktober 2016
                       249,000,000    1,249,000,000         500    624,500,000,000
   October 31, 2016                                                                   Deed No. 53 Dated October 31, 2016

   9 Oktober 2017                                                                     Akta No. 18 Tanggal 9 Oktober 2017
                       113,122,170    1,362,122,170         500    681,061,085,000
   October 9, 2017                                                                    Deed No. 18 October 9, 2017

  30 November 2018                                                                    Akta No.42 Tanggal 19 Desember 2018
                       140,492,748    1,502,614,918         500    751,307,459,000
  November 30, 2018                                                                   Deed No.42 Dated December 19, 2018

  16 Desember 2020                                                                    Akta No.41 tanggal 28 Desember 2020
                       135,993,787    1,638,608,705         500    819,304,352,500
  December 16, 2020                                                                   Deed No. 41 dated December 28, 2020




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Profil Perusahaan
Company Profile




Kronologi Penerbitan Obligasi
Chronology Issuing Bonds


Pada tanggal 12 Juli 2017, Bank Mandiri Taspen menerbitkan                On July 12, 2017, Bank Mandiri Taspen issued Bonds I Bank
Obligasi I Bank Mandiri Taspen Pos Tahun 2017 (“Obligasi I                Mandiri Taspen Pos Year 2017 (“Bonds I Year 2017”) with a
Tahun 2017”) dengan nilai nominal sebesar Rp2.000.000.000                 nominal value of IDR2,000,000,000 consisting of 2 (two) series.
yang terdiri atas 2 (dua) seri. Kemudian pada tanggal 26                  Then on November 26, 2019, the Bank issued Bank Mandiri
November 2019, Bank menerbitkan Obligasi berkelanjutan I                  Taspen Phase I 2019 Sustainable Bonds I (“Continuous Bonds I
Bank Mandiri Taspen Tahap I Tahun 2019 (“Obligasi                         2019”) with a nominal value of IDR1,000,000,000 consisting of
berkelanjutan I Tahun 2019”) dengan nilai nominal sebesar                 2 (two) series. In 2021, on April 28, 2021 to be exact, the Bank
Rp1.000.000.000 yang terdiri atas 2 (dua) seri. Pada                      had re-issued Bank Mandiri Taspen Sustainable Bonds I Phase
tahun 2021, tepatnya tanggal 28 April 2021 Bank kembali                   II Year 2021 (“PUB I Phase II Year 2021”) with a nominal value
menerbitkan Obligasi Berkelanjutan I Bank Mandiri Taspen                  of IDR2,000,000,000,000 (two trillion Rupiah), consisting of
Tahap II Tahun 2021 (“PUB I Tahap II Tahun 2021”) dengan                  2 (two) series. And most recently, issued bonds in 2025 as
nilai nominal sebesar Rp2.000.000.000.000 (dua triliun                    follows:
Rupiah) yang terdiri atas 2 (dua) seri. Dan terakhir menerbitkan
obligasi di 2025 sebagai berikut:


Tabel Kronologi Penerbitan Obligasi Bank Mandiri Taspen
Table of Bank Mandiri Taspen’s Bond Issuance Chronology


                               Uraian                           Tanggal Penerbitan       Tenor        Mata Uang        Jumlah Obligasi
 No.
                             Description                           Issuance Date         Tenor         Currency          Total Bonds



        Obligasi I Tahun 2017 Seri A                                12 Juli 2017        3 Tahun
  1.                                                                                                   Rupiah           1,500,000,000
        Bonds I Year 2017 Series A                                 July 12, 2017        3 Years


        Obligasi I Tahun 2017 Seri B                                12 Juli 2017        5 Tahun
  2.                                                                                                   Rupiah             500,000,000
        Bonds I Year 2017 Series B                                 July 12, 2017        5 Years


        Obligasi Berkelanjutan I Tahun 2019 Seri A              26 November 2019        3 Tahun
  3.                                                                                                   Rupiah             700,000,000
        Shelf Registration Bond I Year 2019 Series A            November 26, 2019       3 Years



        Obligasi Berkelanjutan I Tahun 2019 Seri B              26 November 2019        5 Tahun
  4.                                                                                                   Rupiah             300,000,000
        Shelf Registration Bond I Year 2019 Series B            November 26, 2019       5 Years



        Obligasi Berkelanjutan I Tahap II Tahun 2021 Seri A        1 Mei 2021           3 Tahun
  5.                                                                                                   Rupiah             800,000,000
        Shelf Registration Bonds I Phase II 2021 Series A          May 1, 2021          3 Years



        Berkelanjutan I Tahap II Tahun 2021 Seri B                 1 Mei 2021           5 Tahun
  6.                                                                                                   Rupiah           1,200,000,000
        Shelf Registration Bonds I Phase II 2021 Series B          May 1, 2021          5 Years


        Obligasi Berkelanjutan II Bank Mandiri Taspen Tahap I
        Tahun 2025 Seri A                                           4 Juli 2025         3 Tahun
  7.                                                                                                   Rupiah         800,000,000,000
        Sustainable Bonds II Bank Mandiri Taspen Phase I           July 4, 2025         3 Years
        Year 2025 Series A

        Obligasi Berkelanjutan II Bank Mandiri Taspen Tahap I
        Tahun 2025 Seri B                                           4 Juli 2025         5 Tahun
  8.                                                                                                   Rupiah         700,000,000,000
        Sustainable Bonds II Bank Mandiri Taspen Phase I           July 4, 2025         5 Years
        Year 2025 Series B




       160                                                                                                          Laporan Tahunan 2025
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                                                                                                                  PT Bank Mandiri Taspen




Nama Bursa Tempat Obligasi Perusahaan Dicatatkan                       Name of the Exchange Where the Company’s Bonds
                                                                       are Listed
Seluruh obligasi Bank Mandiri Taspen telah dicatatkan pada             All of Bank Mandiri Taspen’s bonds have been listed on the
Bursa Efek Indonesia.                                                  Indonesia Stock Exchange




                                                                                                      Peringkat
                                       Tanggal            Tingkat           Status
       Harga Penawaran                                                                                 Rating              Wali Amanat
                                     Jatuh Tempo       Suku Bunga         Pembayaran
         Offering Price                                                                                                      Trustee
                                     Maturity Date     Interest Rate     Payment Status
                                                                                               2025               2024

 100% dari jumlah pokok obligasi
                                      11 Juli 2020                            Lunas
  100% of the principal amount                            8.5%                                   -                 -           BTN
                                     July 11, 2020                           Paid off
          of the bond

 100% dari jumlah pokok obligasi
                                      11 Juli 2022                            Lunas
  100% of the principal amount                           8.75%                                   -                 -           BTN
                                     July 11, 2022                           Paid off
          of the bond

 100% dari jumlah pokok obligasi
                                   26 November 2022                           Lunas
  100% of the principal amount                           7.90%                                   -                 -       Bank Permata
                                   November 26, 2022                         Paid off
          of the bond

 100% dari jumlah pokok obligasi                                                                              AA(idn)
                                   26 November 2024                           Lunas                          oleh Fitch
  100% of the principal amount                           8.20%                                   -                         Bank Permata
                                   November 26, 2024                         Paid off                         AA(idn)
          of the bond                                                                                         by Fitch

 100% dari jumlah pokok obligasi                                                                              AA(idn)
                                      1 Mei 2024                              Lunas                          oleh Fitch
  100% of the principal amount                           6.50%                                   -                         Bank Permata
                                      May 1, 2024                            Paid off                         AA(idn)
          of the bond                                                                                         by Fitch

 100% dari jumlah pokok obligasi                                                              AA(idn)         AA(idn)
                                      1 Mei 2026                          Belum Lunas        oleh Fitch      oleh Fitch
  100% of the principal amount                           7.25%                                                             Bank Permata
                                      May 1, 2026                        Not yet paid off     AA(idn)         AA(idn)
          of the bond                                                                         by Fitch        by Fitch

 100% dari jumlah pokok obligasi                                                              AAA(id)
                                       4 Juli 2028                        Belum Lunas       oleh Pefindo
  100% of the principal amount                           6.65%                                                     -           BRI
                                      July 4, 2028                       Not yet paid off     AAA(id)
          of the bond                                                                        by Pefindo


 100% dari jumlah pokok obligasi                                                              AAA(id)
                                       4 Juli 2029                        Belum Lunas       oleh Pefindo
  100% of the principal amount                           6.80%                                                     -           BRI
                                      July 4, 2029                       Not yet paid off     AAA(id)
          of the bond                                                                        by Pefindo




2025 Annual Report                                                                                                             161
Page 162
Profil Perusahaan
Company Profile




Informasi Penggunaan Jasa Akuntan Publik (AP)
dan Kantor Akuntan Publik (KAP)
Information on Using The Services of Public Accounting (AP)
and Public Accounting Offices (KAP)


 Nama KAP
 KAP Name
                         Purwanto Susanti & Surja

 Jaringan Asosiasi
                         Ernst & Young Global Limited (EY)
 Association Network

 Alamat KAP              Gedung Bursa Efek Indonesia,
 KAP Address             Jl. Jenderal Sudirman, Kav 52-53 Jakarta 12190
                         Telp‌	     : (021) 5289 500
                         Faks       : (021) 5289 4100
                         Website : www.EY.com/id

 Nama AP
                         Yovita
 AP Name

 Periode Penugasan KAP   Periode-2 (kumulatif sejak 2024)
 KAP Assignment Period   Period 2 (cumulative since 2024)

 Periode Penugasan AP    Periode-2 (kumulatif sejak 2024)
 AP Assignment Period    Period 2 (cumulative since 2024)

 Jasa Audit              Melakukan audit dan menerbitkan laporan audit atas laporan keuangan dari PT Bank Mandiri Taspen
 Audit Service           untuk tahun yang berakhir pada 31 Desember 2025.
                         Conducted an audit and issued an audit report on the financial statements of Bank Mandiri Taspen
                         for the year ended December 31, 2025.

 Jasa Non Audit          Tidak terdapat jasa non audit.
 Non-Audit Services      No non-audit services were provided.

 Fee Audit               Rp1.650.000.000 termasuk PPN.
 Audit Fees              IDR1,650,000,000 inclusive of VAT.

 Fee Non Audit           Tidak terdapat fee non audit.
 Non-Audit Fee           There were no non-audit fees.




    162                                                                                                   Laporan Tahunan 2025
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                                                                                               PT Bank Mandiri Taspen




Lembaga dan/atau Profesi Penunjang
Supporting Institutions and/or Professions



   Lembaga Pemeringkat Efek                               Notaris
   Securities Rating Agency                               Notary

      PT Fitch Ratings Indonesia                            Zulkifli Harahap, SH
      DBS Bank Tower 24th Floor, Suite 2403                 Jl. RS. Fatmawati Raya No. 15 L, RW 6, Gandaria Utara,
      Jl. Prof. Dr. Satrio, Kav. 3-5 12940                  Kec. Kebayoran Baru, Kota Jakarta Selatan,
      Telp        : (021) 29886800                          Daerah Khusus Ibukota Jakarta 12140
      Faks        : (021) 29886822                          Telp        : (021) 72796436
      Website     : www.fitchratings.com                    Email       : zharahap@yahoo.com




   Advokat / Konsultan Hukum                              Advokat /Konsultan Hukum
   Advocate/Legal Consultant                              Advocate /Legal Consultant
      Jeffrey Hutagalung & Partners                         Dr. Jimmy Simanjuntak, SH., MH.
      Menara Cakrawala                                      Gedung Arthaloka
      Jl. M. H. Thamrin No. 9 Jakarta Pusat,                Jl. Jend. Sudirman, RT 10/ RW 11, Karet Tengsin,
      Daerah Khusus Ibukota Jakarta                         Kec. Tanah Abang, Jakarta Pusat,
      Jakarta 10321                                         Daerah Khusus Ibukota Jakarta 10220
      Telp        : 0811-1012-0563                          Telp        :-
      Email       : jhplawfirmoffice@gmail.com              Email       : jimmys.juntak@gmail.com




   Advokat /Konsultan Hukum                               Konsultan Hukum
   Advocate /Legal Consultant                             Legal Consultant
      Suyanto Simalango Patria & Partners                   Tumbuan & Partners
      Gedung South Quarter Tower A LT. 11 Unit B,           Jl. Gandaria Tengah III No. 8
      Jl. R.A. Kartini, Kav 8, Cilandak Barat, Cilandak     Kebayoran Baru
      Jakarta Selatan / South Jakarta, DKI Jakarta          Jakarta 12130
      Telp        : (021) 29045168                          Telp        : (021) 7227736, 7227737, 7208172, 7202516
      Faks        : (021) 29045188                          Faks        : (021) 7244579, 7257403
      Email       : ssplawfirm200016@gmail.com              Website     : www.tumbuanpartners.com




   Lembaga Pemeringkat Efek
   Securities Rating Agency
      PT Pemeringkat Efek Indonesia (Pefindo)
      Panin Tower - Senayan City, 17th Floor
      Jl. Asia Afrika Lot.19
      Jakarta 10270, Indonesia
      Telp        : (021) 7278 2380
      Faks        : (021) 7278 2370
      Website     : www.pefindo.com

      Jasa yang diberikan : Pemeringkatan Obligasi.
      Services Provided : Bond Rating
      Periode Penugasan : Januari–Desember 2020.
      Assignment Period : January–December 2020.




2025 Annual Report                                                                                             163
Page 164
Profil Perusahaan
Company Profile




Penghargaan dan Sertifikasi
Award and Certification


Penghargaan                                                                 Award




     Nama Penghargaan/Award Name:                       Nama Penghargaan/Award Name:                    Nama Penghargaan/Award Name:
            PR Public Company                               Elmamber Petamu Sinaga                            Errinto S. P. Pardede
                                                                as Best 50 CEO                       as 50 Popular PR Person Awards 2025
                Acara/Event:
 6th Indonesia Public Relations Summit 2025                         Acara/ Event:                                  Acara/Event:
                                                      6th Indonesia Best 50 CEO Awards 2025         6th Indonesia Public Relations Summit 2025
        Penyelenggara/Organizer:
            The Icononomics                                Penyelenggara/Organizer:                        Penyelenggara/Organizer:
                                                               The Icononomics                                 The Icononomics
              Tanggal / Date:
              8 Agustus 2025                                     Tanggal / Date :                                Tanggal /Date :
              August 8, 2025                                     10 Maret 2025                                   8 Agustus 2025
                                                                 March 10, 2025                                  August 8, 2025




                         Nama Penghargaan/Award Name:                               Nama Penghargaan/Award Name:
                           Pilar Lingkungan Gold 4 Star                                Pilar Ekonomi Gold 4 Star
                         Environmental Pillar – Gold 4 Star                           Economic Pillar – Gold 4 Star

                                      Acara /Event:                                           Acara/Event:
                                TJSL & CSR Awards 2025                                  TJSL & CSR Awards 2025

                             Penyelenggara/Organizer:                                  Penyelenggara/Organizer:
                                   BUMN Track                                                BUMN Track

                                    Tanggal / Date:                                           Tanggal /Date:
                                     27 Juni 2025                                              27 Juni 2025
                                    June 27, 2025                                             June 27, 2025




    164                                                                                                                 Laporan Tahunan 2025
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                                                                                                                          PT Bank Mandiri Taspen




    Nama Penghargaan/Award Name:                      Nama Penghargaan/Award Name:                           Nama Penghargaan/Award Name:
     The Excellent Performance Bank –                     Penghargaan Kolaborasi                        Bank with Consistent Excellent Performance
        KBMI 2 (Asset Class IDR50                       Program Sosial Kemanusiaan                        for 10 Consecutive Years (2015-2024)
           to under 100 Trilion)                       Award for Collaboration in Social
                                                                                                                        Acara/Event:
                                                        and Humanitarian Programs
               Acara /Event:                                                                                     30th Infobank Award 2025
        30th Infobank Award 2025                                  Acara/Event:
                                                                                                                 Penyelenggara/Organizer:
                                                                Public Expose 2025
        Penyelenggara/Organizer:                                                                                         Infobank
                Infobank                                    Penyelenggara/Organizer:
                                                                                                                       Tanggal /Date:
                                                           Mandiri Amal Insani Foundation
             Tanggal / Date:                                                                                          29 Agustus 2025
            29 Agustus 2025                                       Tanggal /Date:                                      August 29, 2025
            August 29, 2025                                       7 Agustus 2025
                                                                  August 7, 2025




                  Nama Penghargaan/Award Name:                                              Nama Penghargaan/Award Name:
                 The Best Performance Bank – KBMI 2                                     Juara 3 BUMN Klaster 1 Triliun – 5 Triliun
               (Asset Class IDR50 to under 100 Trillion)                               3rd Place – State-Owned Enterprises (SOEs)
                                                                                              Cluster IDR 1 Trillion–5 Trillion
                            Acara /Event :
                        Rating 105 Bank 2025                                                         Acara/Event :
                                                                                               Annual Report Award 2024
                     Penyelenggara/Organizer:
                             Infobank                                                          Penyelenggara/Organizer:
                                                                    Komite Nasional Kebijakan Governansi (KNKG) bersama Otoritas Jasa Keuangan (OJK),
                           Tanggal / Date:
                                                                          Kementerian BUMN, Direktorat Jenderal Pajak, Bursa Efek Indonesia (BEI),
                          29 Agustus 2025
                                                                      Ikatan Akuntan Indonesia (IAI), dan Kementerian Koordinator Bidang Perekonomian
                          August 29, 2025
                                                                                                     Tanggal /Date:
                                                                                                    8 Desember 2025
                                                                                                    December 8, 2025




2025 Annual Report                                                                                                                          165
Page 166
Profil Perusahaan
Company Profile




Sertifikasi                                                                    Certification




   Jenis Sertifikasi/ Type of Certification:            Jenis Sertifikasi/ Type of Certification:             Jenis Sertifikasi/ Type of Certification:
           ISO 37001:2016                                          ISO 9001:2015                                          ISO 37301:2021
       Masa Berlaku/ Validity Period:                         Masa Berlaku/ Validity Period:                      Masa Berlaku/ Validity Period:
      15 Oktober 2024 sampai dengan                          15 Oktober 2024 sampai dengan                       15 Oktober 2024 sampai dengan
            08 Desember 2027                                        07 Oktober 2027                                    19 September 2027

            Penerima Sertifikasi/                               Penerima Sertifikasi/                                 Penerima Sertifikasi/
           Certification Recipient:                            Certification Recipient:                              Certification Recipient:
   PT Bank Mandiri Taspen Jasa Keuangan                 PT Bank Mandiri Taspen Jasa Keuangan                  PT Bank Mandiri Taspen Jasa Keuangan
            (Divisi Compliance)                                  (Divisi Compliance)                                   (Divisi Compliance)

        Dikeluarkan oleh/ Issued by:                          Dikeluarkan oleh/ Issued by:                         Dikeluarkan oleh/ Issued by:
        Garuda Sertifikasi Indonesia                          Garuda Sertifikasi Indonesia                         Garuda Sertifikasi Indonesia




                          Jenis Sertifikasi/ Type of Certification:                   Jenis Sertifikasi/ Type of Certification:
                                ISO/ IEC 27001:2022                                            ISO 37001:2016
                              Masa Berlaku/ Validity Period:                             Masa Berlaku/ Validity Period:
                               03 Juli 2026 sampai dengan                              06 Desember 2024 sampai dengan
                                        02 Juli 2026                                          05 Desember 2026

                                   Penerima Sertifikasi/                                        Penerima Sertifikasi/
                                  Certification Recipient:                                     Certification Recipient:
                          PT Bank Mandiri Taspen Jasa Keuangan                       PT Bank Mandiri Taspen Jasa Keuangan
                         (Divisi Chief Information Security Officer)                  (Divisi Corporate Secretary & Legal)

                               Dikeluarkan oleh/ Issued by:                                Dikeluarkan oleh/ Issued by:
                                 Biro Sertifikasi Indonesia                                Garuda Sertifikasi Indonesia




    166                                                                                                                           Laporan Tahunan 2025
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                                                                                                    PT Bank Mandiri Taspen




Informasi pada Website Perseroan
Supporting Institutions and/or Professions


Bank Mandiri Taspen memberikan kemudahan akses informasi        Bank Mandiri Taspen provided easy access to information in
secara transparan dan akurat bagi pemangku kepentingan          a transparent and accurate manner for stakeholders through
(stakeholder) melalui situs https://www.bankmandiritaspen.      the website https://www.bankmandiritaspen.co.id/. The
co.id/. Situs Bank Mandiri Taspen juga membuat informasi yang   Bank Mandiri Taspen website also provided more specific
lebih spesifik, yaitu:                                          information, namely:


Home                                                            Home
Dalam tampilan awal laman website Bank Mandiri Taspen,          On the homepage of Bank Mandiri Taspen, several menus were
terdapat beberapa menu seperti simulasi, program, laporan       available, including simulation tools, program information,
keuangan dan tahunan 5 (lima) tahun terakhir yang dapat         downloadable financial statements and annual reports for the
diunduh serta informasi terkait Mantap Promo.                   past five (5) years, as well as information related to Mantap
                                                                Promo.


Tentang Kami                                                    About Us
Menu yang memuat informasi tentang, Sekilas perusahaan,         Menu that contains information about, Company overview,
Struktur organisasi, Budaya kerja, Manajemen yang memuat        Organizational structure, Work culture, Management
informasi mengenai Profil Dewan Komisaris dan Direksi,          which contains information about Profiles of the Board of
Pemegang saham dan Penghargaan.                                 Commissioners and Directors, Shareholders and Awards.


Info Mantap                                                     Mantap Info
Memuat informasi berita dan siaran pers, promosi produk dan     It contains news information and press releases, product
layanan, produk Pensiun, Laporan Keuangan Good Corporate        and service promotions, pension products, Good Corporate
Governance yang di dalamnya terdapat informasi mengenai         Governance Financial Reports which contain information
Kode Etik; Piagam/Charter Dewan Komisaris, Direksi, Komite-     regarding the Code of Ethics; Charter of the Board of
komite, dan Unit Audit Internal; dan RUPS, Whistleblowing       Commissioners, Board of Directors, Committees and Internal
system serta Pengungkapan kuantitatif eksposur risiko.          Audit Unit; and GMS, Whistleblowing system and Quantitative
                                                                Disclosure of risk exposure.


Pinjaman                                                        Loans
Menu yang memuat informasi mengenai Pinjaman Mantap,            Menu that contains information about Steady Loans, Steady
Simpanan Mantap, Jasa bank, Simulasi, Surat Berharga Negara     Savings, Bank Services, Simulations, Government Bonds and
dan Mobile Banking.                                             Mobile Banking.


Cabang                                                          Branches
Menu yang memuat informasi mengenai lokasi cabang Bank          Menu that contains information about the number of each
Mandiri Taspen.                                                 branch of Bank Mandiri Taspen.


Karier                                                          Career
Menu yang memuat informasi mengenai rekrutmen karyawan          Menu that contains information about the recruitment of Bank
Bank Mandiri Taspen.                                            Mandiri Taspen employees.




2025 Annual Report                                                                                                 167
Page 168
 Analisis dan Pembahasan
 Manajemen atas Kinerja Bank




168                            Laporan Tahunan 2025
Page 169
                     Management
                     Discussion and
                     Analysis of Bank
                     Performance




2025 Annual Report                      169
Page 170
Analisis dan Pembahasan Manajemen atas Kinerja Bank
Management Discussion and Analysis of Bank Performance




Tinjauan Perekonomian
Economic Review



Analisis Perekonomian Global                                    Global Economic Analysis

Dunia terus bergejolak dengan ketidakpastian yang tinggi.       Global conditions had remained volatile amid heightened
Ketegangan geopolitik dunia berlanjut dengan perang Rusia       uncertainty. Geopolitical tensions had persisted, with the
dan Ukraina di Eropa yang belum selesai serta ketegangan        ongoing Russia–Ukraine War in Europe remaining unresolved,
geopolitik di Timur Tengah yang semakin memanas sejalan         alongside escalating tensions in the Middle East, particularly
dengan meningkatnya serangan Israel ke Palestina. Di bidang     with intensified Israeli attacks on Palestine. On the economic
ekonomi, perang dagang dilancarkan Presiden Amerika Serikat     front, a trade war had been initiated by United States President
(AS) Donald Trump pada 2 April 2025 dengan pengenaan            Donald Trump on 2 April 2025, marked by the imposition of a
tarif impor universal sebesar 10% atas semua barang yang        universal import tariff of 10% on all goods entering the United
masuk ke AS, ditambah tarif resiprokal yang tinggi kepada       States, along with high reciprocal tariffs imposed on 57 trading
57 negara mitra dagang, termasuk Tiongkok, Kanada,              partner countries, including China, Canada, Mexico, and the
Meksiko, dan Uni Eropa. Rangkaian ketegangan geopolitik dan     European Union. These geopolitical tensions and protectionist
kebijakan proteksionisme tersebut menjadi faktor utama yang     policies had become key factors contributing to increased
meningkatkan ketidakpastian ekonomi global.                     global economic uncertainty.


Berbagai dinamika geopolitik dan kebijakan perdagangan          Various geopolitical developments and trade policy measures
tersebut memberikan tekanan signifikan terhadap stabilitas      had exerted significant pressure on global economic stability
dan prospek perekonomian global. Sebagai dampaknya,             and prospects. As a result, global trade and investment
aktivitas perdagangan dan investasi global mengalami            activities had slowed, ultimately weighing on global economic
perlambatan yang pada akhirnya menekan pertumbuhan              growth. Based on data from the International Monetary Fund,
ekonomi dunia. Berdasarkan data dari International Monetary     global economic growth was recorded at approximately 3.3%
Fund, pertumbuhan ekonomi global tercatat sekitar 3,3%          in 2024, slowing to around 3.2% in 2025, and was projected
pada tahun 2024, melambat menjadi sekitar 3,2% pada tahun       to reach approximately 3.1% in 2026. This trend reflected
2025, serta diprakirakan berada di kisaran 3,1% pada tahun      increasing pressures from trade fragmentation, protectionist
2026, mencerminkan meningkatnya tekanan dari fragmentasi        policies, and ongoing global geopolitical tensions.
perdagangan, kebijakan proteksionisme, serta berlanjutnya
ketegangan geopolitik global.


Perlambatan pertumbuhan ekonomi global tersebut terutama        The slowdown in global economic growth had been primarily
dipicu oleh dampak lanjutan dari kebijakan tarif sepihak AS     driven by the continued impact of unilateral tariff policies
dan meningkatnya ketegangan geopolitik, yang mendorong          imposed by the United States and escalating geopolitical
fragmentasi antarnegara semakin melebar. Kebijakan tarif        tensions, which had further widened fragmentation among
menurunkan volume dan nilai perdagangan global serta            countries. These tariff measures had reduced both the volume
memperparah gangguan rantai pasok dunia yang telah terjadi      and value of global trade and exacerbated global supply
sejak tahun 2024. Selain berdampak pada perdagangan,            chain disruptions that had persisted since 2024. In addition
kebijakan tersebut juga meningkatkan biaya produksi dan harga   to affecting trade, such policies had also increased production
komoditas global, termasuk kenaikan harga emas serta sejumlah   costs and global commodity prices, including rising prices of gold
komoditas pangan dan jasa. Tekanan pada perdagangan dan         and several food commodities and services. The pressures on
biaya produksi tersebut selanjutnya berdampak pada dinamika     trade and production costs had subsequently influenced global
inflasi global. Akibatnya, penurunan inflasi dunia berjalan     inflation dynamics. As a result, the decline in global inflation had
lebih lambat dari prakiraan sebelumnya, dengan inflasi global   progressed more slowly than previously projected, with global
diprakirakan mencapai sekitar 3,8% pada tahun 2026. Pada        inflation estimated to reach approximately 3.8% in 2026. During
periode yang sama, inflasi negara maju diprakirakan sekitar     the same period, inflation in advanced economies was projected
2,4%, sementara inflasi emerging economies berada pada          at around 2.4%, while inflation in emerging economies was
kisaran 4,7%-4,8% pada tahun 2026.                              estimated to range between 4.7%–4.8% in 2026.




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                                                                                                         PT Bank Mandiri Taspen




Seiring dengan meningkatnya ketidakpastian global                 Amid heightened global uncertainty, several structural factors
tersebut, terdapat sejumlah faktor struktural yang berpotensi     had the potential to further weaken global economic prospects
memperburuk prospek perekonomian dunia dalam jangka               over the medium term. At least five key trends warranted close
menengah. Setidaknya terdapat lima kecenderungan utama            attention. First, the continuation of geopolitical conflicts and
yang perlu diwaspadai. Pertama, berlanjutnya konflik              the increasing polarization of trade and investment among
geopolitik dan meningkatnya polarisasi perdagangan serta          countries in addressing global trade imbalances. Unilateral
investasi antarnegara dalam mengatasi ketidakseimbangan           tariff policies were not the first measures undertaken by the
perdagangan global. Kebijakan tarif sepihak bukanlah yang         United States Government to address trade balance deficits
pertama kali ditempuh Pemerintah AS dalam mengatasi               arising from limited competitiveness. Historical experience had
defisit neraca perdagangan akibat rendahnya daya saing.           shown that protectionist policies tended to recur and could
Pengalaman historis menunjukkan bahwa kebijakan                   accelerate global economic fragmentation, despite opposition
proteksionisme cenderung berulang dan dapat mempercepat           within multilateral cooperation frameworks. Accordingly, trade
fragmentasi ekonomi global, meskipun sering mendapat              polarization was expected to continue increasing, encouraging
tentangan dalam kerja sama multilateral. Dengan demikian,         countries to prioritize bilateral and regional cooperation over
polarisasi perdagangan diprakirakan akan terus meningkat,         multilateral arrangements under the World Trade Organization.
yang mendorong negara-negara untuk lebih mengutamakan
kerja sama bilateral dan regional dibandingkan kerja sama
multilateral di bawah World Trade Organization.


Kedua, perlambatan pertumbuhan ekonomi global diperkirakan        Second, the slowdown in global economic growth was expected
akan berlanjut seiring meningkatnya hambatan perdagangan          to persist amid rising trade barriers and ongoing supply chain
dan gangguan rantai pasok. Volume perdagangan dunia               disruptions. Global trade volume was projected to decline from
diprakirakan menurun dari sekitar 4,1% pada tahun 2025            approximately 4.1% in 2025 to 2.6% in 2026, resulting in global
menjadi 2,6% pada tahun 2026, yang berdampak pada                 economic growth stagnating at around 3%. The United States
stagnasi pertumbuhan ekonomi global di kisaran sekitar 3%.        economy was projected to grow at a limited pace of around 2%,
Ekonomi AS diprakirakan tumbuh terbatas di kisaran sekitar        with increasing recession risks driven by weakening industrial
2%, dengan risiko resesi yang meningkat akibat lemahnya           competitiveness and inflationary pressures. Meanwhile, the
daya saing industri dan tekanan inflasi. Sementara itu, ekonomi   China economy, affected by high tariff policies, was expected
Tiongkok yang terdampak kebijakan tarif tinggi diperkirakan       to experience a slowdown toward approximately 4% growth,
mengalami perlambatan pertumbuhan menuju kisaran sekitar          despite ongoing trade diversion efforts.
4%, meskipun terdapat upaya pengalihan perdagangan (trade         Bottom of Form
diversion).


Ketiga, meningkatnya beban utang publik global yang semakin       Third, global public debt levels continue to rise significantly,
berat, baik di negara maju maupun emerging economies. Total       posing increasing fiscal burdens across both advanced and
utang pemerintah dunia kini telah menembus 110,9 triliun dolar    emerging economies. Total global government debt has
AS (94,6% terhadap PDB), dengan sekitar dua pertiganya atau       reached USD110.9 trillion, equivalent to 94.6% of global GDP,
sebesar 74,8 triliun dolar AS berada di negara maju. Kondisi      with approximately two-thirds (USD74.8 trillion) attributable
ini menunjukkan meningkatnya risiko fiskal global yang dapat      to advanced economies. This reflects the cumulative impact of
membatasi ruang stimulus ekonomi di masa mendatang.               expansionary fiscal policies and economic stimulus measures
                                                                  implemented over the past decade.


Keempat, pasar keuangan global menghadapi kerentanan yang         Fourth, global financial markets remain exposed to heightened
tinggi, khususnya dari lembaga keuangan nonbank (Non-Bank         vulnerabilities, particularly from non-bank financial institutions
Financial Institutions/NBFIs). Pengalaman krisis keuangan         (NBFIs). Lessons from the global financial crisis highlight the
global sebelumnya menunjukkan bahwa inovasi produk                systemic risks associated with complex derivative products,
derivatif yang tidak diimbangi dengan pengawasan yang             particularly those linked to housing debt instruments, as
memadai dapat memicu risiko sistemik, sebagaimana terjadi         observed during the Subprime mortgage crisis, which triggered
pada krisis sub-prime mortgage.                                   widespread systemic disruption.




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Kelima, kerentanan pasar keuangan global semakin meningkat             Fifth, vulnerabilities in global financial markets had further
seiring dengan maraknya penerbitan dan perdagangan mata                increased alongside the rapid issuance and trading of privately
uang serta aset digital oleh pihak swasta. Perkembangan pesat          issued digital currencies and assets. The rapid development
instrumen seperti cryptocurrency, stablecoin, dan tokenisasi           of instruments such as cryptocurrency, stablecoin, and asset
aset meningkatkan kompleksitas risiko keuangan global,                 tokenization had added complexity to global financial risks,
terutama karena belum adanya pengaturan dan pengawasan                 particularly due to the absence of regulatory and supervisory
yang sepenuhnya setara dengan lembaga keuangan                         frameworks fully equivalent to those applied to conventional
konvensional. Berbeda dengan Central Bank Digital Currency             financial institutions. In contrast to Central Bank Digital
(CBDC) yang diterbitkan secara resmi oleh bank sentral,                Currency, which was officially issued by central banks, these
berbagai aset digital swasta tersebut berpotensi meningkatkan          private digital assets had the potential to increase money
risiko pencucian uang serta menimbulkan tantangan dalam                laundering risks and posed challenges in consumer protection.
perlindungan konsumen.

Sumber:                                                                Source:
- World Economic Outlook, International Monetary Fund, Oktober 2025.   - World Economic Outlook, International Monetary Fund, October 2025.
- Global Economic Prospects, World Bank, Januari 2026.                 - Global Economic Prospects, World Bank, January 2026.
- Laporan Perekonomian Indonesia 2025, Bank Indonesia, Januari 2026    - Indonesia Economic Report 2025, Bank Indonesia, January 2026.




Analisis Perekonomian Nasional                                         National Economic Analysis

Ekonomi Indonesia tetap menunjukkan kinerja yang baik                  Indonesia’s economy continued to demonstrate solid
dan berdaya tahan di tengah tingginya gejolak serta                    performance and resilience amid elevated global volatility
ketidakpastian global. Ketahanan tersebut didukung oleh                and uncertainty. This resilience was supported by maintained
stabilitas makroekonomi yang tetap terjaga, pemulihan                  macroeconomic stability, the ongoing post-pandemic
ekonomi pascapandemi COVID-19 yang terus berlanjut, serta              economic recovery following COVID-19, as well as close policy
koordinasi kebijakan yang erat antara Pemerintah dan Bank              coordination between the Government and Bank Indonesia
Indonesia dalam menjaga keseimbangan antara stabilitas                 in preserving the balance between economic stability and
dan pertumbuhan ekonomi. Sinergi kebijakan fiskal dan                  growth. The consistent policy synergy between fiscal and
moneter yang dilakukan secara konsisten mampu mendorong                monetary authorities had been effective in driving domestic
permintaan domestik sekaligus menjaga stabilitas inflasi dan           demand while at the same time maintaining inflation stability
sistem keuangan.                                                       and safeguarding financial system stability.


Selain faktor stabilitas makroekonomi, ketahanan ekonomi               In addition to macroeconomic stability factors, the resilience of
Indonesia juga diperkuat oleh komitmen berkelanjutan dalam             the Indonesian economy had also been strengthened by the
transformasi ekonomi nasional. Upaya perbaikan iklim investasi,        ongoing commitment to national economic transformation.
percepatan pembangunan infrastruktur, serta hilirisasi sumber          Efforts to improve the investment climate, accelerate
daya alam terus dilakukan untuk meningkatkan nilai tambah              infrastructure development, and promote downstream
domestik dan memperkuat struktur ekonomi nasional. Perbaikan           processing of natural resources had continued to be
di berbagai sektor ekonomi tersebut mendorong peningkatan              implemented to enhance domestic value added and strengthen
kapasitas produksi dan memperkuat sisi penawaran dalam                 the national economic structure. Improvements across various
mendukung pertumbuhan ekonomi yang berkelanjutan. Di                   economic sectors had contributed to increased production
tingkat global, kepemimpinan Indonesia dalam berbagai forum            capacity and reinforced the supply side in supporting sustainable
internasional turut memperkuat posisi ekonomi nasional.                economic growth. At the global level, Indonesia’s leadership
Keberhasilan Indonesia dalam memimpin Group of Twenty pada             in various international forums had further strengthened the
tahun 2022 serta peran aktif dalam Association of Southeast            national economic position. Indonesia’s successful presidency
Asian Nations tahun 2023 mencerminkan kontribusi Indonesia             of the Group of Twenty in 2022, as well as its active role in the
dalam menjaga stabilitas ekonomi global dan kawasan.                   Association of Southeast Asian Nations in 2023, had reflected
                                                                       the country’s contribution to maintaining global and regional
                                                                       economic stability.


Kinerja ekonomi Indonesia terus menunjukkan tren yang positif.         The Indonesian economy had continued to demonstrate a
Pertumbuhan ekonomi pada Triwulan IV 2025 tercatat sebesar             positive growth trend. Economic growth in the fourth quarter
5,39% (yoy), meningkat dibandingkan Triwulan sebelumnya                of 2025 was recorded at 5.39% (yoy), increasing from
sebesar 5,04% (yoy). Peningkatan tersebut terutama didorong            5.04% (yoy) in the previous quarter. This improvement was
oleh permintaan domestik, khususnya konsumsi rumah tangga              primarily driven by domestic demand, particularly household




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dan investasi, sejalan dengan dampak positif berbagai stimulus       consumption and investment, in line with the positive impact of
kebijakan Pemerintah dan bauran kebijakan Bank Indonesia.            various Government policy stimuli and Bank Indonesia’s policy
Secara keseluruhan, pertumbuhan ekonomi tahun 2025                   mix. Overall, economic growth in 2025 was recorded at 5.11%
tercatat sebesar 5,11% (yoy), lebih tinggi dibandingkan tahun        (yoy), higher than 5.03% (yoy in 2024, and was accompanied
2024 sebesar 5,03% (yoy), serta diikuti dengan perbaikan             by improvements in employment quality.
kualitas ketenagakerjaan.


Momentum pertumbuhan ekonomi tersebut diprakirakan                   The economic growth momentum was expected to continue
berlanjut pada awal tahun 2026. Konsumsi rumah tangga                into early 2026. Household consumption was projected to
diperkirakan tetap meningkat, didukung oleh berbagai                 remain strong, supported by various Government stimulus
program stimulus Pemerintah, pelonggaran kebijakan moneter,          programs, monetary policy easing, improved consumer
ekspektasi konsumen yang membaik, serta meningkatnya                 expectations, and increased economic activity during national
aktivitas ekonomi pada periode Hari Besar Keagamaan                  holiday periods such as Chinese New Year, Nyepi (Hindu Day of
Nasional (HBKN) seperti Tahun Baru Imlek, Hari Suci Nyepi, dan       Silence), and Eid al-Fitr 1447 H. Investment was also projected
Idulfitri 1447 H. Investasi juga diprakirakan tumbuh lebih tinggi,   to grow higher, driven by increased Government spending and
didorong oleh peningkatan belanja dan investasi Pemerintah,          investment, including through natural resource downstreaming
termasuk melalui program hilirisasi sumber daya alam, serta          programs, as well as improving business confidence.
membaiknya keyakinan pelaku usaha.


Ke depan, penguatan sinergi kebijakan ekonomi nasional antara        Going forward, the strengthening of national economic policy
Pemerintah dan Bank Indonesia menjadi faktor penting untuk           synergy between the Government and Bank Indonesia was
menjaga momentum pertumbuhan ekonomi. Dari sisi fiskal,              expected to remain a key factor in maintaining economic growth
percepatan realisasi belanja Pemerintah sesuai Anggaran              momentum. On the fiscal side, the acceleration of Government
Pendapatan dan Belanja Negara (APBN) diharapkan mampu                spending realization in accordance with the State Budget
mendorong permintaan domestik melalui berbagai program               (APBN) was expected to stimulate domestic demand through
prioritas, termasuk program sosial seperti Makan Bergizi Gratis      various priority programs, including social programs such as
(MBG), Sekolah Rakyat, Perumahan Rakyat, dan Koperasi Desa           Free Nutritious Meals (Makan Bergizi Gratis/MBG), People’s
Merah Putih (KDMP), serta proyek strategis nasional di bidang        Schools (Sekolah Rakyat), Public Housing (Perumahan Rakyat),
ketahanan pangan, energi, pertahanan, dan keamanan. Dari             and the Red and White Village Cooperatives (KDMP), as well
sisi penawaran, percepatan hilirisasi sumber daya alam dan           as national strategic projects in food security, energy, defense,
reformasi struktural diharapkan dapat meningkatkan kapasitas         and security. On the supply side, the acceleration of natural
produksi dan menciptakan lapangan kerja baru. Sementara itu,         resource downstreaming and structural reforms was expected
Bank Indonesia terus memperkuat bauran kebijakan moneter,            to increase production capacity and create new employment
makroprudensial, dan sistem pembayaran melalui pelonggaran           opportunities. Meanwhile, Bank Indonesia continued to
likuiditas, peningkatan insentif makroprudensial, serta              strengthen its monetary, macroprudential, and payment system
percepatan digitalisasi ekonomi dan keuangan.                        policy mix through liquidity easing, enhanced macroprudential
                                                                     incentives, and accelerated digitalization of the economy and
                                                                     financial system.


Kinerja ekonomi yang solid juga tercermin dari pertumbuhan           Solid economic performance was also reflected in relatively
ekonomi yang relatif merata di berbagai wilayah Indonesia.           balanced growth across regions in Indonesia. In the fourth
Pada Triwulan IV 2025, pertumbuhan ekonomi tertinggi                 quarter of 2025, the highest economic growth was recorded
tercatat di wilayah Sulawesi, Maluku, dan Papua (Sulampua)           in Sulawesi, Maluku, and Papua (Sulampua) at 5.83% (yoy),
sebesar 5,83% (yoy), diikuti Bali dan Nusa Tenggara (Balinusra)      followed by Bali and Nusa Tenggara (Balinusra) at 5.82% (yoy),
sebesar 5,82% (yoy), Jawa sebesar 5,30% (yoy), Sumatra               Java at 5.30% (yoy), Sumatra at 4.81% (yoy), and Kalimantan
sebesar 4,81% (yoy), dan Kalimantan sebesar 4,80% (yoy).             at 4.80% (yoy). From the production side, growth in Java
Dari sisi lapangan usaha, pertumbuhan di wilayah Jawa                was driven by increased industrial capacity and agricultural
didorong oleh peningkatan kapasitas industri dan produksi            production, while in Eastern Indonesia it was supported by the
pertanian, sementara di Kawasan Timur Indonesia didukung             development of mineral downstream industries such as nickel,
oleh pengembangan industri hilirisasi mineral seperti nikel,         bauxite, and copper.
bauksit, dan tembaga.


Dari sisi pengeluaran, investasi menjadi penopang utama              From the expenditure side, investment was the main growth
pertumbuhan di berbagai wilayah, terutama investasi industri         driver across regions, particularly industrial investment in
pada Kawasan Industri (KI) dan Kawasan Ekonomi Khusus                Industrial Estates and Special Economic Zones (SEZs), such




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(KEK), seperti di Batang, Kendal, dan Gresik di Jawa serta                  as Batang, Kendal, and Gresik in Java, as well as mineral
kawasan hilirisasi mineral di wilayah Sulampua. Dari sisi                   downstream areas in Sulampua. From the external side, export
eksternal, kinerja ekspor didukung oleh komoditas logam di                  performance was supported by metal commodities from Java,
Jawa, minyak kelapa sawit (crude palm oil/CPO) dari Sumatra,                crude palm oil (CPO) from Sumatra, and iron and steel from
serta besi dan baja dari Sulampua, sementara ekspor batu                    Sulampua, while coal exports from Kalimantan experienced
bara dari Kalimantan mengalami tekanan akibat penurunan                     pressure due to declining global demand.
permintaan global.


Dengan perkembangan tersebut, pada tahun 2025 perekonomian                  In line with these developments, in 2025 regional economies in
wilayah Sumatra (4,8%–5,2%), Jawa (4,7%–5,5%), Kalimantan                   Sumatra (4.8%–5.2%), Java (4.7%–5.5%), Kalimantan (4.3%–
(4,3%–5,1%), Bali–Nusa Tenggara (4,2%–5,0%), dan Sulawesi,                  5.1%), Bali–Nusa Tenggara (4.2%–5.0%), and Sulawesi, Maluku,
Maluku, dan Papua/Sulampua (4,2%–4,8%) masing-masing                        and Papua/Sulampua (4.2%–4.8%) each showed relatively
menunjukkan pertumbuhan yang relatif stabil. Secara umum,                   stable growth. Overall, in 2026 economic growth across these
pada tahun 2026 pertumbuhan ekonomi di berbagai wilayah                     regions was projected to increase, namely Sumatra (4.9%–
tersebut diprakirakan meningkat, yaitu Sumatra (4,9%–5,3%),                 5.3%), Java (4.7%–5.5%), Kalimantan (4.6%–5.4%), Bali–Nusa
Jawa (4,7%–5,5%), Kalimantan (4,6%–5,4%), Bali–Nusa                         Tenggara (5.5%–6.3%), and Sulampua (5.6%–6.4%), reflecting
Tenggara (5,5%–6,3%), dan Sulampua (5,6%–6,4%), yang                        a solid domestic economic outlook despite continued global
mencerminkan prospek ekonomi domestik yang tetap solid                      uncertainty.
meskipun dihadapkan pada ketidakpastian global.

Sumber: Laporan Perekonomian Indonesia 2025, Bank Indonesia, Januari 2026   Source: Indonesia Economic Report 2025, Bank Indonesia, January 2026;




Analisis Industri Perbankan                                                 Banking Industry Analysis

Stabilitas sistem keuangan tetap baik dengan fungsi                         Financial system stability remained well maintained, supported
intermediasi yang melanjutkan peningkatan. Indeks Stabilitas                by a strengthening intermediation function. The Financial
Keuangan (ISSK) tetap rendah dan terjaga di zona normal-stabil              System Stability Index (ISSK) remained low and consistently
sepanjang tahun 2025. Ketahanan sistem keuangan, khususnya                  within the normal-stable range throughout 2025. The resilience
perbankan, tetap terjaga baik dari sisi permodalan, risiko kredit,          of the financial system, particularly the banking sector, was
maupun likuiditas. Permodalan perbankan tetap kuat dengan                   sustained across capital adequacy, credit risk, and liquidity
rasio kecukupan modal (Capital Adequacy Ratio/CAR) pada                     indicators. Banking capital remained strong, with the Capital
Desember 2025 tetap tinggi sebesar 25,89% sejalan dengan                    Adequacy Ratio (CAR) as of December 2025 staying at a high
semakin naiknya komponen modal dari akumulasi keuntungan                    level of 25.89%, in line with the increase in capital components
maupun Aktiva Tertimbang Menurut Risiko (ATMR). Seiring                     derived from accumulated profits as well as Risk-Weighted
dengan kuatnya permodalan, risiko kredit tetap terkendali                   Assets (RWA). In line with robust capitalization, credit risk
yang tercermin dari rasio kredit bermasalah (Non Performing                 remained manageable, as indicated by the Non-Performing
Loan, NPL) pada Desember 2025 yang tercatat 2,05% (bruto)                   Loan (NPL) ratio as of December 2025, which stood at 2.05%
dan 0,79% (neto), Hal ini menunjukkan Cadangan Kerugian                     (gross) and 0.79% (net). This condition reflects adequate
Penurunan Nilai (CKPN) yang telah dibentuk perbankan                        Loan Loss Provisions (CKPN) established by banks to mitigate
mencukupi dalam memitigasi risiko kredit. Risiko likuiditas                 potential credit risks. Liquidity risk was also well contained,
perbankan terjaga dengan tingginya kecukupan likuiditas. Per                supported by ample liquidity buffers. As of December 2025, the
Desember 2025, rasio AL/DPK dan LDR perbankan tercatat                      ratios of Liquid Assets to Third-Party Funds (AL/DPK) and Loan
masing-masing sebesar 28,57% dan 85,35%, dan karenanya                      to Deposit Ratio (LDR) were recorded at 28.57% and 85.35%,
secara keseluruhan menunjukkan likuiditas perbankan yang                    respectively, indicating overall ample banking system liquidity.
longgar. Pertumbuhan kredit terus melanjutkan peningkatan                   Credit growth continued its positive trajectory throughout
positif sepanjang tahun 2025, hingga tumbuh 9,69% pada                      2025, reaching 9.69% (yoy) in December 2025, in line with
Desember 2025, seiring dengan perbaikan kondisi permintaan                  improving demand and supply conditions.
dan penawaran.


Nilai transaksi ekonomi dan keuangan digital di Indonesia                   Digital economic and financial transactions in Indonesia
terus tumbuh meningkat di tengah kembalinya pola berbelanja                 continued to expand, despite the normalization of offline
offline. Transaksi e-commerce, transaksi uang elektronik (UE)               consumption patterns. E-commerce transactions, electronic
dan transaksi digital banking tumbuh pesat, pertumbuhan yang                money (e-money) transactions, and digital banking activities
persisten ini akan terus berlanjut, khususnya di area e-commerce            recorded strong growth, with this trend expected to persist,




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yang diprediksi tetap tumbuh positif di tengah peningkatan                 particularly in the e-commerce segment, supported by
mobilitas masyarakat seiring dengan makin longgarnya                       increased mobility following the relaxation of mobility restriction
kebijakan pembatasan mobilitas. Kehadiran QRIS sebagai                     policies. The implementation of QRIS as the national QR
standar QR Pembayaran Nasional terbukti mempercepat                        payment standard has significantly accelerated the expansion
perluasan ekosistem merchant digital, pengguna, serta                      of the digital merchant ecosystem, user adoption, and payment
interoperabilitas pembayaran digital. Jumlah merchant QRIS kini            interoperability. The number of QRIS merchants reached
mencapai 42 juta tersebar di seluruh provinsi, dengan jumlah               approximately 42 million across all provinces, with more than
pengguna lebih dari 59 juta yang menggunakan baik dengan                   59 million users utilizing various funding sources, including
sumber dana uang elektronik, rekening tabungan, maupun                     electronic money, savings accounts, and credit cards provided
kartu kredit yang diselenggarakan bank dan fintech. Transaksi              by banks and fintech institutions. QRIS transactions recorded
QRIS tumbuh akseleratif mencapai 140% (yoy) dengan pangsa                  strong growth of 140% (yoy), with an increasing share of off-
transaksi off us yang terus meningkat yang menunjukkan makin               us transactions, indicating enhanced interoperability within the
terciptanya interoperabilitas di dalam industri. Jumlah merchant           payment system industry. Micro, Small, and Medium Enterprises
UMKM mendominasi yang mengindikasikan QRIS sebagai jalan                   (MSMEs) dominate the merchant base, underscoring QRIS
pembuka inklusi keuangan bagi UMKM. QRIS juga mendorong                    as a key enabler of financial inclusion. Furthermore, QRIS has
penyelenggara jasa pembayaran khususnya bank melakukan                     encouraged payment service providers, particularly banks, to
adopsi mobile apps untuk dapat bergabung pada ekosistem                    accelerate the adoption of mobile applications to participate in
QRIS yang terus meluas.                                                    the expanding QRIS ecosystem.


Kinerja transaksi ekonomi dan keuangan digital tetap kuat                  The performance of digital economic and financial transactions
didukung oleh sistem pembayaran yang aman, lancar, dan andal.              remained robust, supported by a payment system that is
Dari sisi nilai besar, transaksi BI-RTGS pada Triwulan IV 2025             secure, efficient, and reliable. On the high-value transaction side,
meningkat 31,04% (yoy) sehingga mencapai Rp65.069,78                       transactions processed through BI-RTGS increased by 31.04%
triliun. Dari sisi ritel, volume transaksi BI-FAST tumbuh                  (yoy) in the fourth quarter of 2025, reaching IDR65,069.78
30,44% (yoy) mencapai 1.358,65 juta transaksi. Transaksi                   trillion. On the retail side, transaction volumes through BI-FAST
digital payment tercatat 14,26 miliar transaksi atau tumbuh                grew by 30.44% (yoy), reaching 1,358.65 million transactions.
sebesar 39,21% (yoy). Transaksi QRIS terus tumbuh pesat                    Digital payment transactions reached 14.26 billion transactions,
sebesar 139,99% (yoy), dengan jumlah pengguna mencapai                     representing growth of 39.21% (yoy). QRIS transactions continued
59,53 juta dan jumlah merchant 42,75 juta5. Sementara dari                 to grow significantly by 139.99% (yoy), with total users reaching
pengelolaan uang Rupiah, jumlah Uang Kartal Yang Diedarkan                 59.53 million and merchants reaching 42.75 million. In terms of
(UYD) tumbuh 12,90% (yoy) menjadi Rp1.359,94 triliun.                      Rupiah currency management, Currency in Circulation increased
Stabilitas sistem pembayaran tetap terjaga, ditopang oleh                  by 12.90% (yoy) to IDR1,359.94 trillion. Payment system stability
infrastruktur yang berdaya tahan dan struktur yang membaik.                remained well maintained, supported by resilient infrastructure
Dari sisi infrastruktur, kelancaran dan keandalan Sistem                   and an improving industry structure. From an infrastructure
Pembayaran Bank Indonesia (SPBI) tetap terjaga dengan baik.                perspective, the reliability and operational continuity of the Bank
Dari sisi struktur industri, interkoneksi sistem pembayaran dan            Indonesia Payment System (SPBI) were well preserved. From
perluasan ekosistem Ekonomi Keuangan Digital (EKD) terus                   a structural perspective, interconnectivity within the payment
meningkat. Transaksi pembayaran berbasis Standar Nasional                  system and the expansion of the Digital Economy and Finance
Open API Pembayaran (SNAP) juga meningkat sejalan adopsi                   (EKD) ecosystem continued to strengthen. Transactions based
SNAP yang meluas.                                                          on the National Standard for Open API Payments (SNAP) also
                                                                           increased, in line with broader adoption across the industry.

Sumber: Laporan Perekonomian Indonesia 2025 Bank Indonesia, Januari 2026   Source: Indonesia Economic Report 2025, Bank Indonesia, January 2026




Analisis Posisi Bank Mandiri Taspen                                        Analysis of Bank Mandiri Taspen
dalam Industri Perbankan                                                   Position in the Banking Industry

Dalam rangka mengakomodir perkembangan industri                            In order to accommodate developments in the banking industry,
perbankan, regulator melakukan penyesuaian terhadap                        the regulator made adjustments to the grouping of bank core
pengelompokan modal inti bank berdasarkan Peraturan                        capital based on OJK Regulation Number 12/POJK. 03/2021.
OJK Nomor 12/POJK. 03/2021. Bank Mandiri Taspen yang                       Bank Mandiri Taspen, which was previously in the BUKU II
sebelumnya dalam kategori BUKU II menjadi KBMI II (Bank                    category, became KBMI II (a bank with a core capital of IDR1
dengan Modal inti kurang dari Rp6 triliun).                                trillion to IDR6 trillion).




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Management Discussion and Analysis of Bank Performance




Berdasarkan perbandingan kinerja Bank Mandiri Taspen                                  Based on a comparative assessment of the performance of
dibandingkan dengan rata-rata industri perbankan, per                                 Bank Mandiri Taspen against the average performance of the
Desember 2025 Bank Mandiri Taspen berhasil mencetak                                   national banking industry, as of December 31, 2025, the Bank
pertumbuhan Aset, Kredit, dan DPK masing-masing sebesar                               recorded growth in total assets, loans, and third-party funds
10,25%, 9,23% dan 12,71%. Pertumbuhan Aset berada di atas                             (DPK) of 10.25%, 9.23%, and 12.71%, respectively. Asset
pertumbuhan Industri Perbankan sedangkan Pertumbuhan                                  growth was above the banking industry growth, while loan and
Kredit dan DPK lebih rendah dari pertumbuhan industri                                 third-party funds (DPK) growth was lower than the banking
perbankan. Pertumbuhan Aset, Kredit, dan DPK per Desember                             industry growth. As of December 2025, the banking industry
2025 Industri Perbankan tercatat masing-masing sebesar                                recorded asset, loan, and DPK growth of 9.51%, 11.07%, and
9,51%, 11,07% dan 13,81%. Sedangkan untuk laba per                                    13.81%, respectively. Meanwhile, as of December 2025, Bank
Desember 2025 Bank Mandiri Taspen mengalami pertumbuhan                               Mandiri Taspen’s profit grew positively by 0.22%, lower than
positif sebesar 0,22%, lebih rendah dibandingkan industri                             the banking industry at 2.74% and KBMI II at -4.97%. This
perbankan sebesar 2,74% dan KBMI II yang sebesar -4,97%.                              was attributable to non-recurring other operating income from
Hal ini disebabkan oleh pendapatan operasional selain bunga                           insurance claim recoveries that did not meet the target in the
non recurring atas recovery pembayaran asuransi yang tidak                            fourth quarter.
tercapai target di kuartal empat ini.


Perbandingan kinerja Bank Mandiri Taspen terhadap KBMI II                             A comparison of the performance of Bank Mandiri Taspen
dan Industri Perbankan, disajikan sebagai berikut.                                    against KBMI II and the Banking Industry is presented as
                                                                                      follows.


Tabel Kinerja Pertumbuhan Bank Mandiri Taspen Dibanding Rata-Rata Industri
Table of Bank Mandiri Taspen Growth Performance Compared to Industry Average
                                                                                                                                        (dalam % / in%)


                                                                     Desember Tahun 2025
                                                                        December 2025

                                                                         Kelompok Bank
                  Kinerja                                                  Berdasarkan                                     Performance
                                                                                                  Industri
                                                                            Modal Inti
                                                  Bank Mandiri                                   Perbankan
                                                                            (KBMI) II
                                                    Taspen                                        Banking
                                                                         Group of Banks
                                                                                                  Industry
                                                                          Based on Core
                                                                         Capital (KBMI) II

 Aset                                                 10.25%                    (4.41%)            9.51%                                      Asset

 Kredit                                                9.23%                    (3.13%)            11.07%                                     Loans

 DPK                                                  12.71%                    (5.33%)            13.81%                         Third Party Funds

 Laba Bersih                                           0.22%                    (4.97%)            2.74%                                  Net Profit

 Pendapatan Bunga Bersih                               6.51%                    (0.32%)            4.09%                         Net Interest Income

Sumber: Statistik Perbankan Indonesia (Otoritas Jasa Keuangan) Desember 2025
Source: Indonesia Banking Statistics (Financial Services Authority) December 2025




      176                                                                                                                      Laporan Tahunan 2025
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Secara umum, rasio kinerja Bank Mandiri Taspen per                                   In general, the financial performance ratios of Bank Mandiri
Desember 2025 pada beberapa komponen tergolong lebih                                 Taspen as of December 31, 2025, were relatively stronger
baik dibandingkan rasio kinerja industri perbankan maupun                            across several key indicators compared to both the overall
kelompok KBMI II. Rasio NIM Bank Mandiri Taspen per                                  banking industry and the KBMI II peer group. The Bank’s Net
Desember 2025 sebesar 5,42%, lebih tinggi dibandingkan                               Interest Margin (NIM) stood at 5.42%, exceeding the banking
dengan Industri Perbankan yang sebesar 4,72% dan KBMI II                             industry average of 4.72% and KBMI II at 4.83%. Similarly,
yang sebesar 4,83%. Demikian pula dengan ROA Bank Mandiri                            the Bank’s Return on Assets (ROA) was recorded at 2.98%,
Taspen per Desember 2025 sebesar 2,98% yang juga lebih                               higher than the industry and KBMI II averages of 2.51% and
tinggi dari Industri perbankan dan KBMI II masing-masing                             1.89%, respectively. From an asset quality perspective, the
sebesar 2,51% dan 1,89%. Dari sisi NPL gross dibandingkan                            Bank maintained one of the lowest gross Non-Performing Loan
dengan kelompok industri perbankan maupun kelompok bank                              (NPL) ratios at 0.63% as of December 31, 2025, compared to
KBMI II, NPL gross Bank Mandiri Taspen per Desember 2025                             both the industry and KBMI II peer group. In addition, liquidity
merupakan salah satu yang terendah yakni sebesar 0,63%.                              remained at a prudent level, as reflected by a Loan to Funding
Selain itu, dari sisi likuiditas juga masih dalam level aman                         Ratio (LFR) of 91.82%, indicating a well-managed liquidity
dengan rasio LFR terjaga sebesar 91,82%.                                             position.


Tabel Perbandingan Rasio Bank Mandiri Taspen dibandingkan Industri
Table of Comparison of Bank Mandiri Taspen Ratios Compared to Industry Average
                                                                                                                                         (dalam % / in%)


                                                                     Desember Tahun 2025
                                                                        December 2025

                                                                          Kelompok Bank
                   Rasio                                                   Berdasarkan                                         Ratios
                                                                             Modal Inti         Industri
                                                  Bank Mandiri
                                                                             (KBMI) I          Perbankan
                                                    Taspen
                                                                          Group of Banks     Banking Industry
                                                                           Based on Core
                                                                          Capital (KBMI) I

 Net Interest Margin (NIM)                             5.42%                    4.83%              4.72%                    Net Interest Margin (NIM)

 Non Performing Loan (NPL) Gross                       0.63%                    2.01%              2.03%            Non Perfoming Loan (NPL) Gross

 Return on Assets (ROA)                                2.98%                    1.89%              2.51%                     Return on Assets (ROA)

 Capital Adequacy Ratio (CAR)                         30.47%                    37.21%            26.05%               Capital Adequacy Ratio (CAR)

 Loan to Deposit Ratio (LDR)/Loan to                                                                              Loan to Deposit Ratio (LDR)/Loan to
                                                      91.82%                   80.05%             84.00%
 Funding Ratio (LFR)                                                                                                              Funding Ratio (LFR)

 Biaya Operasional dan Pendapatan                                                                                      Operational Cost of Operating
                                                      70.85%                    79.75%            73.10%
 Operasional (BOPO)                                                                                                                  Income (BOPO)

Sumber: Statistik Perbankan Indonesia (Otoritas Jasa Keuangan) Desember 2025
Source: Indonesia Banking Statistics (Financial Services Authority) December 2025




2025 Annual Report                                                                                                                          177
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Management Discussion and Analysis of Bank Performance




Tinjauan Operasional
Operational Review


Secara umum, kegiatan usaha yang dilakukan Bank                       In general, the core business activities of Bank Mandiri Taspen
Mandiri Taspen yaitu menghimpun dana masyarakat dan                   comprise the mobilization of public funds and their subsequent
menyalurkannya kembali dalam bentuk kredit. Di tengah                 distribution in the form of loans. Amid moderate growth in the
pertumbuhan perbankan nasional yang moderat, secara umum              national banking industry, the Bank recorded solid performance,
Bank Mandiri Taspen berhasil membukukan kinerja yang solid            with total assets increasing by 10.25% to IDR73.02 trillion in
dengan pertumbuhan aset sebesar 10,25% menjadi Rp73,02                2025. Asset growth was primarily driven by loan expansion,
triliun di tahun 2025. Pertumbuhan terbesar dari sisi aset            which grew by 9.23% or increased by IDR4.27 trillion to
didorong oleh pertumbuhan kredit sebesar 9,23% atau tumbuh            IDR50.53 trillion. Loan growth was strategically focused on the
Rp4,27 triliun menjadi sebesar Rp50,53 triliun. Pertumbuhan           secured segment, predominantly supported by the pensioner
kredit Bank Mandiri Taspen difokuskan pada segmen secure              segment. This strategy enabled the Bank to maintain asset
yakni secara dominan ditopang oleh pertumbuhan pada                   quality, as reflected in a low gross Non-Performing Loan (NPL)
segmen pensiunan, sehingga pertumbuhan kredit tetap diikuti           ratio of 0.63%. This performance was in line with the growth
oleh kualitas kredit yang terjaga dengan rasio NPL gross              of third-party funds (DPK), which increased by 12.71% to
sebesar 0,63%. Pertumbuhan ini sejalan dengan peningkatan             IDR55.03 trillion, supported by solid growth in both CASA
dana pihak ketiga yang tumbuh 12,71% menjadi Rp55,03                  and time deposits. CASA grew by 12.54% to IDR12.83 trillion,
triliun, ditopang oleh pertumbuhan CASA dan deposito yang             while time deposits increased by 12.76% to IDR42.20 trillion.
solid. CASA Bank Mandiri Taspen tumbuh 12,54% menjadi
sebesar Rp12,83 triliun dan deposito tumbuh 12,76% menjadi
sebesar Rp42,20 triliun.


Bank Mandiri Taspen terus berinovasi dalam memperkuat                 The Bank continues to innovate in strengthening its competitive
keunggulan dari layanan pensiunan dan memperbesar market              advantage in pension-related services and expanding its
share nasabah pensiunan yang dimiliki dalam memperkuat core           pensioner customer base to reinforce its sustainable core
bisnis Bank yang berkelanjutan. Sehubungan dengan itu, Bank           business. In this regard, the Bank has developed various
Mandiri Taspen mengembangkan beragam inovasi fitur dan                enhancements in its digital banking infrastructure, including
fasilitas pada infrastruktur layanan perbankan digital yaitu antara   the expansion of Smart Branch networks to accelerate
lain peningkatan jumlah Smart Branch di jaringan kantor Bank          banking transactions and improvements in credit processing
Mandiri Taspen untuk percepatan layanan transaksi perbankan,          through the development of a new loan originating system.
percepatan proses kredit melalui pengembangan new loan                To enhance retail funding customer acquisition, the Bank
originating system. Dalam rangka meningkatkan customer base           has optimized the utilization of existing electronic channels
funding khususnya segmen retail, Bank terus mengoptimalkan            (e-channel), particularly through continuous enhancements to
utilisasi e-channel yang sudah ada, di antaranya melalui              its mobile banking platform. New features introduced include
fitur mobile banking yang juga terus disempurnakan dengan             health consultation services in collaboration with KlikDokter,
penambahan fitur-fitur baru di antaranya konsultasi kesehatan         online registration and activation, biometric login, standby
kerjasama dengan KlikDokter, registrasi dan aktivasi online,          loan facilities, online onboarding, e-money top-up, debit card
biometric login, standby loan, online onboarding, top up E-Money,     blocking, additional biller payment and purchase features,
block Kartu Debit, penambahan biller payment purchase, forgot         password recovery, merchant payments at Indomaret, Omni
password, pembayaran merchant Indomaret, Biller Omni                  Channel biller integration, cardless cash withdrawal via ATM
Channel, Fitur tarik tunai tanpa kartu melalui ATM Jalin (LINK),      Jalin (LINK), cash-in services through Indomaret merchants,
Fitur Setor Tunai (Cash In) Merchant Indomaret, Fitur Setor Tunai     QRIS Customer Presented Mode, and additional biller
(Cash In) Merchant Indomaret, Fitur QRIS Customer Presented           integrations within mobile banking. These enhancements have
Mode, dan Penambahan Biller pada Mobile Banking. Dengan               supported the growth of mobile banking users, reaching a total
penambahan fitur ini, Bank terus mengoptimalkan akuisisi user         of 446,986 users as of December 31, 2025.
mobile banking dengan total user per Desember 2025 sebesar
446.986 user.


Di sisi lain untuk mendorong akuisisi nasabah institusi,              On the institutional side, to drive customer acquisition, the
Bank Mandiri Taspen juga mengembangkan layanan cash                   Bank has further developed its cash management services




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                                                                                                          PT Bank Mandiri Taspen




management untuk nasabah institusi maupun korporasi yang            for institutional and corporate clients. These services enable
bersedia mendaftarkan rekeningnya sehingga nasabah dapat            customers to conduct various financial transactions, including
melakukan transaksi keuangan, yaitu inquiry, transfer ke            account inquiries, intra-bank transfers, online transfers,
antar rekening Bank Mandiri Taspen, online transfer, transfer       SKN/RTGS transfers, payment point services, bulk payroll
SKN/RTGS, payment point, pembayaran gaji secara massal,             processing, liquidity management, and account statement
liquidity management, cetak rekening koran, melalui perangkat       generation through internet-connected devices. Throughout
komputer yang terkoneksi dengan internet. Sepanjang tahun           2025, the cash management service facilitated approximately
2025, layanan cash management telah dipergunakan untuk              46 thousand transactions. In addition to digital channels,
kurang lebih 46 ribu transaksi. Selain layanan e-channel Bank       the Bank has selectively expanded its physical network by
juga masih mengembangkan 7 (tujuh) jaringan kantor fisik            establishing seven Sub-Branch Offices (Kantor Cabang
secara selektif yakni 7 (tujuh) unit Kantor Cabang Pembantu         Pembantu), including those located within ASABRI offices. In
di kantor Asabri. Seiring dengan pengembangan dan inovasi           line with these developments and innovations, the number of
yang sudah dilakukan Bank, di tahun 2025 jumlah rekening            Tabungan Simantap Pensiun accounts increased by 22.50%,
Tabungan Simantap Pensiun mengalami pertumbuhan sebesar             reaching 863,627 accounts as of December 31, 2025.
22,50% atau mencapai 863.627 rekening.



Rencana Strategis Bank                                              Bank Strategic Plan

Rencana strategis Bank disusun dalam bentuk rencana                 The bank’s strategic plan including a long-term strategy
korporasi (corporate plan) dan rencana bisnis bank (business        (corporate plan), medium and short-term strategy (business
plan).                                                              plan) of the bank.


Rencana Korporasi (Corporate Plan)                                  Corporate Plan

Strategi korporasi tahun 2026–2030 berfokus pada                    The corporate strategy for the 2026–2030 period of Bank
pembangunan kapabilitas jangka panjang, penguatan                   Mandiri Taspen is directed toward strengthening long-term
ketahanan usaha, serta percepatan transformasi digital secara       capabilities, enhancing business resilience, and accelerating
menyeluruh. Arah strategis ini ditujukan untuk menjadikan           comprehensive digital transformation. This strategic direction
Bank Mandiri Taspen sebagai institusi keuangan yang adaptif,        aims to position the Bank as an adaptive financial institution,
tangguh terhadap disrupsi teknologi, serta memiliki keunggulan      resilient to technological disruption, and capable of sustaining
kompetitif yang berkelanjutan.                                      long-term competitive advantage
- Transformasi model menjadi platform bisnis digital yang           - Transformation of the business model into a digital platform
    menghubungkan ekosistem mitra dan nasabah dalam satu                 that integrates partner ecosystems and customers within a
    lingkungan perbankan.                                                unified banking environment.
- Positioning sebagai “Financial Wellbeing Partner” bagi            - Strategic positioning as a “Financial Wellbeing Partner” for
    Segmen Pensiunan                                                     the pensioner segment.
- Enterprise Risk Intelligence berbasis AI-driven risk              - Development of Enterprise Risk Intelligence supported by
    prediction and response                                              AI-driven risk prediction and response capabilities.
- Perluasan bisnis ke segmen baru.                                  - Expansion into new business segments to diversify revenue
                                                                         streams and enhance growth potential.


Rencana Bisnis Bank (Business Plan)                                 Business Plan

Dalam rangka mendukung pencapaian target kinerja yang telah         In order to support the achievement of the established
ditetapkan, Bank Mandiri Taspen menetapkan fokus utama              performance targets, Bank Mandiri Taspen had set its primary
pada akselerasi pertumbuhan dana pihak ketiga dan kredit,           focus on accelerating the growth of third-party funds (DPK)
serta optimalisasi operasional secara cepat dan efisien. Strategi   and loans, as well as optimizing operations in a timely and




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ini ditujukan untuk mendukung pencapaian target tahunan,           efficient manner. This strategy was aimed at supporting the
memperkuat likuiditas, serta meningkatkan produktivitas dan        achievement of annual targets, strengthening liquidity, and
efisiensi dalam jangka pendek. Rencana Bisnis Bank tahun           enhancing productivity and efficiency in the short term. The
2025 adalah sebagai berikut:                                       Bank’s Business Plan for 2025 was as follows:
1. Penguatan Dana Pihak Ketiga (DPK)                               1. Strengthening of Third-Party Funds (DPK):
     a. Optimalisasi produk tabungan dan deposito untuk                 a. Optimization of savings and time deposit products
         segmen ritel.                                                      targeting the retail segment.
     b. Aktivasi nasabah existing serta program akuisisi                b. Activation of existing customers alongside targeted
         nasabah pasif (win-back).                                          acquisition programs for inactive customers (win-back
                                                                            initiatives).
    c.Optimalisasi referral ekosistem Pensiunan melalui                 c. Optimization of pension ecosystem referrals through
      Family Banking Program.                                               the Family Banking Program.
   d. Launch program VIP untuk optimalisasi dana Nasabah                d. Launch of VIP programs to enhance funding
      Pareto.                                                               contributions from Pareto-based customers.
   e. Ekspansi kanal distribusi melalui sinergi Agen Bank               e. Expansion of distribution channels through synergy
      Mandiri dan strategi open booth untuk layanan                         with Bank Mandiri agents and open booth strategies to
      transaksional.                                                        support transactional services.
   f. Optimalisasi aplikasi leads funding untuk percepatan              f. Optimization of funding leads applications to accelerate
      akuisisi dana retail.                                                 retail fund acquisition
2. Peningkatan Kredit Secara Prudent                               2. Prudent Credit Expansion:
   a. Perluasan kredit pensiunan dengan proses yang                     a. Expansion of pension loans through flexible and
      fleksibel dan cepat yang dapat diakses pada mobile                    expedited processes accessible via mobile banking.
      banking.
   b. Boosting penyaluran Kredit Mantap Auto Loan secara              b. Acceleration of Mantap Auto Loan disbursement
      agresif dan selektif melalui program marketing yang                 through targeted and selective marketing programs to
      masif untuk perluasan segmen market.                                expand market segments.
   c. Implementasi aplikasi leads management terintegrasi             c. Implementation of integrated leads management
      sistem MONA (pencairan kredit) untuk mempercepat                    applications within the MONA system (loan
      proses pengajuan dan pencairan kredit.                              disbursement) to streamline credit application and
                                                                          approval processes.
    d. Evaluasi dan penguatan credit scoring dan verifikasi           d. Continuous evaluation and enhancement of credit
       kesehatan sebagai mitigasi risiko.                                 scoring models and health verification processes as
                                                                          part of risk mitigation measures.
3. Inisiasi Digitalisasi                                           3. Digitalization Initiatives:
   a. Penguatan fitur mobile banking dan layanan digital              a. Enhancement of mobile banking features and digital
        untuk senior citizen                                              services tailored for senior citizens.
   b. Live New Core Banking System untuk mendukung                    b. The Bank had gone live with the new Core Banking
        operasional Bank.                                                 System to support its operational activities.
4. Efisiensi Operasional                                           4. Operational Efficiency:
   a. Otomatisasi proses back-office dan shared services              a. Automation of back-office processes and shared
        untuk menekan biaya.                                              services to reduce operational costs.
   b. Peningkatan efektivitas akuisisi debitur secara selektif.       b. Improvement in the effectiveness of selective debtor
                                                                          acquisition strategies.
    c. Review skema business process untuk optimalisasi               c. Review and refinement of business process schemes to
       proses efisiensi cost.                                             optimize cost efficiency.
    d. Pemanfaatan media digital untuk cost yang lebih efisien        d. Utilization of digital platforms to improve cost
       (promotion program, e-learning, e-office, dan lain-lain)           efficiency, including promotional programs, e-learning,
                                                                          and e-office initiatives.
    e.   Penguatan keamanan IT melalui multi-layered security         e. Strengthening IT security through a multi-layered
         (ring 1 sampai dengan 3), peningkatan manajemen                  security framework (Ring 1 to Ring 3), enhancement of
         identitas dan akses serta proteksi data sebagai langkah          identity and access management, and data protection
         strategis dalam mengantisipasi dan menangkal                     as strategic measures to mitigate increasingly complex
         ancaman siber yang semakin kompleks.                             cyber threats.




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5. Penguatan Ekosistem Kemitraan dan Sinergi dengan              5. Strengthening Partnership Ecosystem and Synergy with
   Induk Perusahaan                                                 Parent Company
   a. Mengoptimalkan sinergi dengan induk perusahaan guna           a. Optimization of synergy with the parent company
       memperluas jangkauan layanan serta meningkatkan                  to expand service reach and enhance product
       daya saing produk.                                               competitiveness.
   b. Menjalin kerja sama strategis dengan komunitas                b. Establishment of strategic partnerships with pensioner
       pensiunan dan institusi pemerintah guna memperluas               communities and government institutions to expand
       ekosistem bisnis dan memperkuat keterlibatan                     the business ecosystem and strengthen customer
       nasabah.                                                         engagement.
   c. Meningkatkan nilai tambah bagi nasabah melalui                c. Enhancement of customer value propositions through
       program kemitraan, seperti insentif khusus bagi                  partnership programs, including special incentives for
       pensiunan serta layanan berbasis komunitas.                      pensioners and community-based services.



Aspek Pemasaran                                                  Marketing Aspect

Uraian aspek pemasaran meliputi strategi pemasaran serta         A description of the marketing aspect includes marketing
pangsa pasar atas produk dan jasa Bank Mandiri Taspen.           strategy and market share for Bank Mandiri Taspen products and
Strategi pemasaran yang tepat akan mendorong peningkatan         services. The right marketing strategy will encourage an increase
pangsa produk dan jasa Bank Mandiri Taspen.                      in the share of Bank Mandiri Taspen products and services.


Strategi Pemasaran                                               Marketing Strategy

Dalam menjalankan usahanya, Bank Mandiri Taspen memiliki         In carrying out its business, the Company has several
beberapa pesaing yang bergerak di bidang usaha sejenis           competitors engaged in similar business fields with Bank
dengan Bank Mandiri Taspen. Semakin ketatnya persaingan          Mandiri Taspen. The increasingly intense competition in the
yang terdapat di industri perbankan mewajibkan Bank Mandiri      banking industry requires Bank Mandiri Taspen to have a special
Taspen untuk memiliki strategi khusus dalam menghadapi           strategy for facing the challenges of industrial competition. The
tantangan persaingan industri. Strategi pemasaran yang           marketing strategy undertaken by Bank Mandiri Taspen to
dilakukan oleh Bank Mandiri Taspen untuk mempertahankan          maintain market share, seize business opportunities, and face
pangsa pasar, meraih peluang usaha dan menghadapi                competition include:
persaingan antara lain:
1. Strategi Pemasaran Produk Pinjaman atau Dana Pihak            1. Product Marketing Strategy or Third Party Funds (TPF)
    Ketiga (DPK)                                                    The marketing strategy for loan products or Third Party
    Strategi pemasaran produk pinjaman atau DPK yang telah          Funds (DPK) that have been carried out is implementing
    dilakukan adalah menerapkan segmentasi nasabah setiap           customer segmentation for each of the Company’s products
    produk Perseroan agar program segmentasi yang dijalankan        so that the segmentation program is carried out on target,
    tepat sasaran, meluncurkan program Tabungan berhadiah,          launching a prize savings program, promo programs at
    promo program pada momen-momen khusus (seasonal                 special moments (seasonal program), promoting and
    program), mempromosikan dan mensosialisasikan kartu             socialize the Bank Mandiri Taspen ATM card which can
    ATM Bank Mandiri Taspen yang dapat dipergunakan di              be used throughout the Bank Mandiri ATM network.
    seluruh jaringan ATM Bank Mandiri. Bank Mandiri Taspen          Bank Mandiri Taspen has also prepared facilities and
    juga telah menyiapkan sarana dan prasarana bagi nasabah         infrastructure for priority customers to increase customer
    prioritas untuk meningkatkan loyalitas nasabah.                 loyalty.
2. Strategi Pemasaran Produk Kredit                              2. Loans Product Marketing Strategy
    Strategi pemasaran produk kredit antara lain difokuskan         The marketing strategy for loans products, among
    pada peningkatan portofolio kredit, khususnya dari segmen       other things, is focused on increasing the loan portfolio,
    pensiunan melalui penyelenggaraan sosialisasi-sosialisasi,      especially from the pensioner segment through organizing
    baik kepada calon pensiunan maupun pensiunan,                   socializations, both for prospective retirees and retirees,
    bekerjasama dengan mitra PNS dan perkumpulan/                   in collaboration with PNS partners and pensioners’
    paguyuban pensiunan. Hal tersebut didukung dengan               associations/associations. This is supported by developing
    melakukan pengembangan jaringan Perseroan menuju ke             the Company’s network towards enclaves of retirees and
    daerah kantong-kantong pensiunan dan mendekati kantor-          approaching the offices of PT Taspen (Persero). In addition,
    kantor PT Taspen (Persero). Selain itu Bank Mandiri taspen      Bank Mandiri Taspen also carries out credit marketing
    juga melakukan strategi/aktivitas pemasaran kredit sebagai      strategies/activities as follows:
    berikut:




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     a. Menerapkan daily sales activity yang didukung oleh                                a. Implementing daily sales activities supported by the
        pipeline system.                                                                     pipeline system.
   b. Aktivitas marketing via telemarketing dan Short                                    b. Marketing activities via telemarketing and Short
        Message Service (SMS) blast.                                                         Message Service (SMS) blasts.
   c. Pelatihan Wirausaha Mantap Sejahtera (WMS) melalui                                 c. Mantap Prosperous Entrepreneurial Training (WMS)
        web seminar (webinar).                                                               through web seminars (webinar).
   d. Intensifikasi Daftar Pembayaran (Dapem) non kredit                                 d. Intensification of non-credit and top-up payment lists
        dan top up.                                                                          (Dapem).
   e. Melakukan kegiatan Sosialisasi Mini (Sosi Mini) bagi                               e. Conducting Mini Socialization activities (Sosi Mini) for
        Aparatur Sipil Negara (ASN) dan Tentara Nasional                                     State Civil Apparatus (ASN) and Indonesian National
        Indonesia (TNI)/Polisi Republik Indonesia (POLRI)                                    Armed Forces (TNI)/Indonesian National Police (POLRI)
        Batas Usia Pensiun (BUP).                                                            Retirement Age Limit (BUP).
3. Layanan Kantor                                                                     3. Office Services
   Bank Mandiri Taspen senantiasa melakukan pengembangan                                 Bank Mandiri Taspen always carries out service
   layanan sebagai salah satu bentuk perhatian Bank Mandiri                              development as a form of Bank Mandiri Taspen’s attention
   Taspen terhadap kepuasan nasabah. Layanan kantor                                      to customer satisfaction. Bank Mandiri Taspen office
   Bank Mandiri Taspen telah dilengkapi dengan fasilitas-                                services are equipped with special facilities for retirees
   fasilitas khusus pensiunan seperti ruang kesehatan,                                   such as medical rooms, meeting rooms, coffee break rooms,
   ruang pertemuan, ruang coffee break dan fasilitas yang                                and facilities that support the comfort of retirees.
   mendukung kenyamanan pensiunan.


Pangsa Pasar                                                                          Market Share

Bank Mandiri Taspen sebagai Bank Konvensional, menghadapi                             Bank Mandiri Taspen as a Conventional Bank, faces competition
persaingan dengan seluruh bank umum konvensional kelas                                from all conventional commercial banks in the KBMI II business
usaha KBMI II (Bank dengan Modal Inti lebih dari Rp6 triliun                          class (Banks with a Core Capital of IDR6 trillion to IDR14 trillion
sampai dengan Rp14 triliun) dan industri perbankan di                                 and the banking industry in Indonesia in determining market
Indonesia dalam menentukan penguasaan pasar. Persaingan                               share. This business competition can be seen, among others
usaha tersebut antara lain dapat dilihat berdasarkan jumlah                           based on the number of assets owned, the amount of third-
aset yang dimiliki, jumlah dana pihak ketiga yang berhasil                            party funds that have been collected, and the amount of loan
dihimpun, dan jumlah kredit yang diberikan oleh Bank.                                 extended by the Bank.


Tabel Pangsa Pasar Bank Mandiri Taspen dibandingkan dengan KBMI II
Table of Bank Mandiri Taspen’s Market Share Compared To KBMI II
                                                                                                                            (dalam miliar Rupiah / in IDR billion)


                                Uraian                                           Desember 2025           Desember 2024                  Perubahan
                              Description                                        December 2025           December 2024                   Changes

                              KBMI II                                                1,600,990                1,674,828                      (73,838)

 Aset                         Bank Mandiri Taspen                                      73,019                    66,232                         6,786
 Asset
                              Pangsa Pasar KBMI II
                                                                                        4.56%                    3.95%                         0.61%
                              KBMI Market Share II

                              KBMI II                                                 992,975                1,048,891                       (55,916)

 Dana Pihak Ketiga            Bank Mandiri Taspen                                      55,031                    48,825                         6,206
 Third-Party Funds
                              Pangsa Pasar KBMI II
                                                                                        5.54%                    4.65%                         0.89%
                              KBMI Market Share II

                              KBMI II                                                 862,683                  890,587                       (27,904)

 Kredit                       Bank Mandiri Taspen                                      50,531                    46,261                         4,269
 Loans
                              Pangsa Pasar KBMI II
                                                                                        5.86%                    5.19%                         0.66%
                              KBMI Market Share II

Sumber: Statistik Perbankan Indonesia (Otoritas Jasa Keuangan) Desember 2025
Source: Indonesian Banking Statistics (Financial Services Authority) December 2025




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                                                                                                            PT Bank Mandiri Taspen




Berdasarkan jumlah aset yang dimiliki, penguasaan pasar Bank          Based on total assets, the market share of Bank Mandiri Taspen
Mandiri Taspen per Desember 2025 sebesar 4,56% meningkat              as of December 31, 2025 was recorded at 4.56%, representing
dibandingkan dengan periode sebelumnya yang sebesar                   an increase from 3.95% in the previous period. Similarly, the
3,95%. Demikian pula dengan penguasaan pasar Bank Mandiri             Bank’s market share in terms of third-party funds (DPK)
Taspen berdasarkan jumlah dana pihak ketiga per Desember              reached 5.54%, improving from 4.65% in the prior period. In
2025 sebesar 5,54% meningkat dibandingkan dengan periode              terms of total loans disbursed, the Bank’s market share stood at
sebelumnya yang sebesar 4,65%. Penguasaan pasar Bank                  5.86% as of December 31, 2025, also increasing from 5.19% in
Mandiri Taspen berdasarkan jumlah kredit yang diberikan per           the previous period. These improvements were primarily driven
Desember 2025 sebesar 5,86% juga meningkat dibandingkan               by the Bank’s ability to maintain solid operational performance
dengan periode sebelumnya yang sebesar 5,19%. Hal tersebut            relative to its peers within the KBMI II category.
didorong oleh keberhasilan Bank Mandiri Taspen dalam
menjaga kinerja operasional di antara KBMI II.




     Diagram Pasar Bank Mandiri Taspen dibandingkan dengan KBMI II Per Desember Tahun 2025
     Diagram of Bank Mandiri Taspen Market Compared to KBMI II as of December 2025
     (dalam % / in %)


            95.44%      4.56%                          94.46%         5.54%                            94.14%       5.86%




                   Aset                                       DPK                                           Kredit
                   Asset                                      TPF                                           Loans




                                                Bank Mandiri Taspen     KBMI II




     Diagram Pasar Bank Mandiri Taspen dibandingkan dengan dengan KBMI II Per Desember Tahun 2024
     Diagram of Bank Mandiri Taspen Market Compared to KBMI II as of December 2024
     (dalam % / in %)


            96.05%      3.95%                          95.35%         4.65%                            94.81%       5.19%




                   Aset                                       DPK                                           Kredit
                   Asset                                      TPF                                           Loans




                                                Bank Mandiri Taspen     KBMI II




2025 Annual Report                                                                                                          183
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Management Discussion and Analysis of Bank Performance




Tabel Pangsa Pasar Bank Mandiri Taspen dibandingkan dengan Industri Perbankan
Table of Bank Mandiri Taspen’s Market Share Compared to Banking Industry
                                                                                                                                      (dalam miliar Rupiah / in IDR billion)


                                Uraian                                           Desember 2025                  Desember 2024                     Perubahan
                              Description                                        December 2025                  December 2024                      Changes

                              Industri Perbankan
                                                                                         13,646,417                    12,460,955                       1,185,462
                              Banking Industry
 Aset
                              Bank Mandiri Taspen                                             73,019                         66,232                           6,786
 Asset
                              Pangsa Pasar Industri Perbankan (%)
                                                                                              0.54%                          0.53%                           0.01%
                              Market Share of Banking Industry (%)

                              Industri Perbankan
                                                                                         10,057,543                      8,837,242                      1,220,300
                              Banking Industry
 Dana Pihak Ketiga
                              Bank Mandiri Taspen                                             55,031                        48,825                            6,206
 Third-Party Funds
                              Pangsa Pasar Industri Perbankan (%)
                                                                                              0.55%                          0.55%                                  -
                              Market Share of Banking Industry (%)

                              Industri Perbankan
                                                                                          8,693,972                      7,827,148                        866,824
                              Banking Industry
 Kredit
                              Bank Mandiri Taspen                                             50,531                         46,261                           4,269
 Loans
                              Pangsa Pasar Industri Perbankan (%)
                                                                                              0.58%                          0.59%                         (0.01%)
                              Market Share of Banking Industry (%)

Sumber: Statistik Perbankan Indonesia (Otoritas Jasa Keuangan) Desember 2025
Source: Indonesian Banking Statistics (The Financial Services Authority) December 2025



Pangsa pasar Bank Mandiri Taspen dibandingkan dengan                                      The market share of Bank Mandiri Taspen relative to the
Industri Perbankan saat ini masih di bawah 1% baik dari sisi                              banking industry remained below 1% in terms of total assets,
jumlah aset, dana pihak ketiga maupun kredit. Pangsa pasar Bank                           third-party funds (DPK), and loans. As of December 2025, the
Mandiri Taspen per Desember 2025 berdasarkan jumlah aset,                                 Bank’s market share based on total assets, third-party funds,
dana pihak ketiga dan kredit yang diberikan tahun 2025 masing-                            and loans disbursed stood at 0.54%, 0.55%, and 0.58%,
masing sebesar 0,54%, 0,55% dan 0,58%, aset dan dana pihak                                respectively. Assets and third-party funds had increased
ketiga mengalami peningkatan dibandingkan dengan tahun                                    compared to the previous year, which were recorded at 0.53%
sebelumnya yang sebesar 0,53%, 0,55%, hal tersebut didorong                               and 0.55%, respectively, driven by the Bank’s ability to maintain
oleh keberhasilan Bank Mandiri Taspen dalam menjaga kinerja                               its operational performance within the banking industry.
operasional di antara perbankan. Sedangkan kredit mengalami                               Meanwhile, the loan market share had declined from 0.59% in
penurunan dengan tahun sebelumnya yang sebesar 0,59%. Hal                                 the previous year. This decline was attributable to intensifying
ini karena tingkat persaingan di segmen pensiun yang semakin                              competition in the pension segment as well as reduced
ketat serta penurunan permintaan nasabah.                                                 customer demand.




       Diagram Pasar Bank Mandiri Taspen dibandingkan dengan Industri Perbankan Per Desember Tahun 2025
       Diagram of Bank Mandiri Taspen Market Compared to Banking Industry as of December 2025
       (dalam % / in %)


              99.46%        0.54%                                        99.45%          0.55%                                      99.42%       0.58%




                     Aset                                                       DPK                                                     Kredit
                     Asset                                                      TPF                                                     Loans




                                                                Bank Mandiri Taspen         Industri Perbankan / Banking Industry




     184                                                                                                                                      Laporan Tahunan 2025
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                                                                                                                     PT Bank Mandiri Taspen




     Diagram Pasar Bank Mandiri Taspen dibandingkan dengan Industri Perbankan Per Desember Tahun 2024
     Diagram of Bank Mandiri Taspen Market Compared to Banking Industry as of December 2024
     (dalam % / in %)


            99.47%      0.53%                          99.45%         0.55%                                      99.41%   0.59%




                   Aset                                       DPK                                                    Kredit
                   Asset                                      TPF                                                    Loans




                                                Bank Mandiri Taspen      Industri Perbankan / Banking Industry




Penanganan Pengaduan Nasabah                                           Customer Complaints Management

Pengaduan nasabah Bank Mandiri Taspen melayani atas                    Bank Mandiri Taspen customer complaints served customer
keluhan dan pengaduan nasabah terkait kualitas produk dan              complaints and grievances related to the quality of the
layanan perusahaan dan berkomitmen untuk memberikan solusi             company’s products and services and committed to provide
atas pengaduan tersebut sesuai dengan standar operasional              solutions to these complaints in accordance with applicable
prosedur yang berlaku. Bank Mandiri Taspen berkomitmen                 standard operating procedures. Bank Mandiri Taspen committed
untuk memberikan pelayanan yang terbaik kepada nasabah                 to provide the best service to customers and ensured that every
dan memastikan bahwa setiap keluhan dan pengaduan                      customer complaint and grievance was managed quickly and
nasabah ditangani dengan cepat dan efektif. Selain merupakan           effectively. In addition to the implementation of Law Number 8
implementasi Undang-Undang Nomor 8 Tahun 1999 tentang                  of 1999 concerning Consumer Protection, the Company upheld
Perlindungan Konsumen, komitmen tersebut ditegakkan                    this commitment as a form of compliance with the Financial
Perseroan sebagai bentuk kepatuhan terhadap Peraturan                  Services Authority Regulation (POJK) Number 22 of 2023
Otoritas Jasa Keuangan (POJK) Nomor 22 Tahun 2023 tentang              concerning Consumer and Community Protection in the Financial
Pelindungan Konsumen dan Masyarakat di Sektor Jasa                     Services Sector, Bank Indonesia Regulation Number 3 of 2023
Keuangan, Peraturan Bank Indonesia Nomor 3 Tahun 2023                  concerning Bank Indonesia Consumer Protection and Regulation
tentang Pelindungan Konsumen Bank Indonesia dan Peraturan              of the Member of the Board of Governors Number 20 of 2023
Anggota Dewan Gubernur Nomor 20 Tahun 2023 tentang Tata                concerning Procedures for Implementing Bank Indonesia
Cara Pelaksanaan Pelindungan Konsumen Bank Indonesia.                  Consumer Protection. Bank Mandiri Taspen also had a Guideline
Bank Mandiri Taspen juga telah memiliki Pedoman Pelayanan              for Bank Mandiri Taspen Consumer Complaints Service and
dan Penyelesaian Pengaduan Konsumen Bank Mandiri Taspen                Resolution, such as the Standard Operating Procedure for
yaitu Standar Prosedur Penanganan Pengaduan Nasabah dan                Customer Complaints Management and the Standard Operating
Standar Prosedur Perlindungan Konsumen dan Masyarakat.                 Procedure for Consumer and Community Protection.


Adapun PIC Unit Kerja yang bertugas dalam melayani dan                 The PIC Work Unit that was tasked with serving and
menyelesaikan penanganan pengaduan konsumen adalah                     resolving consumer complaints was Customer Service (CS)
Customer Service (CS) dan Kepala Cabang di Kantor Cabang.              and Branch Manager at the Branch Office. In addition to the
Selain Kantor Cabang, PIC Unit Kerja yang berfungsi dalam              Branch Office, the PIC Work Unit that functioned to serve and
melayani dan menyelesaikan pengaduan yang diajukan oleh                resolve complaints submitted by consumers via telephone was
konsumen melalui telefon dilakukan oleh Unit Contact Center.           conducted by the Contact Center Unit. The Contact Center Unit
Unit Contact Center juga berfungsi dalam menghandle                    also functioned to manage complaints received via Whatsapp
pengaduan yang masuk melalui Whatsapp Banking, Email                   Banking, Email, and social media.
serta pengaduan melalui media sosial.




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Management Discussion and Analysis of Bank Performance




Platform pengaduan yang digunakan oleh Bank Mandiri               The complaint platform used by Bank Mandiri Taspen was the
Taspen yaitu Sistem Pengaduan Nasabah Bank Mandiri                Bank Mandiri Taspen Customer Complaint System (SAHABAT).
Taspen (SAHABAT). Aplikasi ini yang digunakan sebagai             This application was utilized used as a customer complaint
portal pengaduan nasabah untuk tim Internal Bank dan seluruh      portal for the Bank’s Internal team and all Bank Mandiri Taspen
Cabang Bank Mandiri Taspen. Seluruh proses pengaduan,             Branches. The entire complaint process, management, and
penanggulangan, dan pencatatan issue/incident yang dilakukan      recording of issues/incidents conducted between Branches and
antara Cabang dan Pusat menggunakan system ini sebagai            Centers employed this system as its platform. Another platform
platformnya. Platform lainnya adalah Cisco Finesse. Aplikasi      was Cisco Finesse. This application was used by the Contact
ini digunakan Contact Center untuk penanganan complaint           Center to manage complaint handling through call facilities
handling melalui sarana call dan media social. Penggunaan         and social media. The utilization of this application was in
aplikasi ini bekerjasama dengan Bank Mandiri.                     collaboration with Bank Mandiri.


Sesuai dengan regulasi yang ada, Pelaku Usaha Jasa Keuangan       In accordance with existing regulations, Financial Services
(PUJK) wajib segera menindaklanjuti dan menyelesaikan             Business Entities (PUJK) had to immediately follow up and
pengaduan paling lambat 10 (sepuluh) hari kerja setelah tanggal   resolve complaints no later than 10 (ten) working days after
penerimaan pengaduan. Dalam hal terdapat kondisi tertentu,        the receiving date of the complaint. In case certain conditions
PUJK dapat memperpanjang penyelesaian pengaduannya                occurred, PUJK could extend the resolution of its complaints for
dengan jangka waktu 10 (sepuluh) hari kerja berikutnya. Bank      10 (ten) working days. Bank Mandiri Taspen made every effort
Mandiri Taspen berupaya semaksimal mungkin agar bisa              to resolve complaints before the deadline expired.
menyelesaikan pengaduan sebelum tenggat waktunya habis.


Media Penyampaian Pengaduan Nasabah                               Customer Complaints Media
Bank Mandiri Taspen memiliki proses pengaduan nasabah yang        Bank Mandiri Taspen had a structured and systematic customer
terstruktur dan sistematis, berikut adalah proses pengaduan       complaint process. The following were the customer complaint
nasabah di Bank Mandiri Taspen:                                   processes at Bank Mandiri Taspen:
1. Pengaduan Lisan                                                1. Verbal Complaints
    Pengaduan yang disampaikan kepada Bank melalui tatap              Complaints submitted to the Bank were through direct
    muka langsung dengan petugas cabang atau melalui                  face-to-face meetings with branch officers or via telephone
    media telepon (Contact Center-Mantap Call) dan dicatat            (Contact Center-Mantap Call) and recorded in the SAHABAT
    dalam aplikasi SAHABAT (Sistem Pengaduan Nasabah                  application (Bank Mandiri Taspen Customer Complaint
    Bank Mandiri Taspen), yang disertai dengan bukti nomor            System), accompanied by receipt of the ticket number
    tiket yang disampaikan kepada nasabah sebagai bukti               submitted to the customer as receipt of the customer
    penerimaan pengaduan nasabah baik secara elektronik               complaint, both electronically and non-electronically.
    maupun non elektronik.


    Seluruh Pegawai Bank bertanggungjawab untuk menerima              Bank employees were responsible for receiving verbal
    pengaduan lisan dari nasabah serta menjaga nama baik              complaints from customers, maintaining the Bank’s
    Bank, menjelaskan kepada nasabah dengan baik dan santun           reputation, and explaining to customers properly and
    sesuai dengan pengetahuan pegawai. Apabila terdapat               politely according to the employee’s knowledge. If there
    pengaduan yang tidak dapat ditangani oleh pegawai                 was a complaint that could not be managed by the said
    yang dimaksud, wajib mengarahkan ke kanal Penerimaan              employee, the complaint had to be escalated to the
    Pengaduan, yaitu Customer Service (Pengaduan Lisan Di             Complaint Receiving channel, such as Customer Service
    Cabang) atau Contact Center. SLA yang digunakan dalam             (Verbal Complaints at Branches) or Contact Center. The
    pengaduan mengacu pada POJK Nomor 22 Tahun 2023                   SLA used in complaints referred to POJK Number 22 of
    tentang Layanan Pengaduan Konsumen di Sektor Jasa                 2023 concerning Consumer Complaint Services in the
    keuangan yaitu 10 (sepuluh) Hari Kerja.                           Financial Services Sector, such as 10 (ten) Working Days.




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                                                                                                         PT Bank Mandiri Taspen




     MEDIA PENYAMPAIAN

     Cara Mengajukan Pengaduan Nasabah
     Secara Lisan

             Hubungi call center            Datangi kantor cabang
             resmi Bank Mandiri              Bank Mandiri Taspen
                   Taspen
                mantapcall
     1          14024                2




2. Pengaduan Tertulis                                               2. Written Complaints
   Pengaduan secara tertulis yang disampaikan kepada Bank              Written complaints submitted to the Bank were recorded in
   dicatat dalam aplikasi SAHABAT (Sistem Pengaduan                    the SAHABAT application (Bank Mandiri Taspen Customer
   Nasabah Bank Mandiri Taspen) yang disertai dengan                   Complaint System) accompanied by a customer complaint
   formulir pengaduan nasabah/ surat pernyataan yang                   form/declaration signed by both parties as proof of receipt/
   sudah ditandatangani oleh kedua belah pihak sebagai bukti           resolution of the customer complaint, either electronically
   penerimaan/ penyelesaian pengaduan nasabah baik secara              or non-electronically, including through:
   elektronik maupun non elektronik, antara lain melalui:
   a. Pegawai Bank (media elektronik dan non elektronik)                a. Bank employees (electronic and non-electronic media);
   b. Kantor Cabang                                                     b. Branch Office;
   c. Pihak/ instansi lain dengan tembusan atau disampaikan             c. Other parties/agencies with a copy or submitted to the
       kepada Bank                                                         Bank:
   d. Regulator (Otoritas Jasa Keuangan, Bank Indonesia,                d. Regulators (Financial Services Authority, Bank
       Lembaga Penjamin Simpanan)                                          Indonesia, Deposit Insurance Corporation);
   e. Perusahan Induk (Bank Mandiri dan Taspen)                         e. Holding Company (Bank Mandiri and Taspen);
   f. Instansi Pemerintah (misalnya Kementerian BUMN dan                f. Government Agencies (eg Ministry of SOEs etc.);
       sebagainya)
   g. E-mail mantap.care@bankmandiritaspen.co.id                        g. E-mail mantap.care@bankmandiritaspen.co.id;
   h. Website Bank www.bankmandiritaspen.co.id dengan                   h. Bank Website www.bankmandiritaspen.co.id by filling
       mengisi form Contact Us                                             in the Contact Us form;
   i. Sosial media Bank:                                                i. Bank social media:
       - X (Twitter) (@MandiriTaspen)                                      - X (Twitter) (@MandiriTaspen)
       - Facebook (Bank Mandiri Taspen)                                    - Facebook (Bank Mandiri Taspen)
       - Whatsapp resmi Bank (0811 8857 770)                               - Whatsapp resmi Bank (0811 8857 770)
       - Instagram (bank.mandiritaspen)                                    - Instagram (bank.mandiritaspen);
       - Youtube (Bank Mandiri Taspen)                                     - Youtube (Bank Mandiri Taspen);
       - Tiktok (Bank Mandiri Taspen)                                      - Tiktok (Bank Mandiri Taspen);
       - Appstore (Movin by Mantap Mobile)                                 - Appstore (Movin by Mantap Mobile);
       - Playstore (Movin by Mantap Mobile)                                - Playstore (Movin by Mantap Mobile).




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Management Discussion and Analysis of Bank Performance




    j.    Media lainnya yang telah secara resmi menjadi media                  j.     Other media that had officially become media for
          penyampaian pengaduan nasabah.                                              delivering customer complaints.
    k.    Media komunikasi lainnya di luar website dan media                   k.     Other communication media outside the Bank’s website
          sosial Bank Mandiri Taspen atau konten yang terkait                         and social media or content related to Bank customer
          dengan pengaduan nasabah Bank Mandiri Taspen                                complaints in social media.
          dalam sosial media.



       MEDIA PENYAMPAIAN
       Cara Mengajukan Pengaduan Nasabah
       Secara Tertulis




              Kantor Cabang                         Email                            WhatsApp Banking                            X
  1        Datangi kantor cabang
                 terdekat
                                      2          mantap.care@
                                             bankmandiritaspen.co.id
                                                                           3         +62 811-8857-770          4            @MandiriTaspen




                               Instagram Official                 Facebook Official                       Surat Resmi
                      5       @bank.mandiritaspen       6        Bank Mandiri Taspen         7


Jumlah penanganan pengaduan yang diterima pada periode                     The number of complaints received in the period of January -
Januari - Desember 2025 sebagai berikut:                                   December 2025 was as follows:


Tabel Publikasi Penanganan Pengaduan Tahun 2025
Table of the 2025 Customer Complaints Publication

                                           Selesai                     Dalam Proses                  Tidak Selesai
            Jenis Transaksi               Completed                     On-Process                   Not Completed                  Jumlah
               Keuangan                                                                                                           Pengaduan
 No
           Type of Financial                                                                                                      Number of
              Transaction           Jumlah       Persentase       Jumlah            Persentase    Jumlah        Persentase        Complaints
                                    Amount       Percentage       Amount            Percentage    Amount        Percentage

          Transaksi Gagal di
          Mesin ATM
  1.                                 4,147          100%               -                -             -                 -             4,147
          Failed Transactions at
          ATMs

          Transaksi Gagal di
          Mesin EDC
  2.                                    62          100%               -                -             -                 -                62
          Failed Transactions at
          EDC Machines

          Transaksi Gagal
          melalui Mobile
  3.      Banking                    3,541          100%               -                -             -                 -             3,541
          Failed Transactions via
          Mobile Banking




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                                                                                                          PT Bank Mandiri Taspen




                                       Selesai                   Dalam Proses                Tidak Selesai
         Jenis Transaksi              Completed                   On-Process                 Not Completed             Jumlah
            Keuangan                                                                                                 Pengaduan
 No
        Type of Financial                                                                                            Number of
           Transaction            Jumlah    Persentase      Jumlah        Persentase      Jumlah      Persentase     Complaints
                                  Amount    Percentage      Amount        Percentage      Amount      Percentage

       Tidak memahami
       karakteristik produk
       (terkait tabungan dan
  4.   kredit)                      269        100%              -             -             -              -              269
       Not comprehending
       product
       characteristics (related
       to savings and loan)

  5.   Total                       8,027       100%              -             -             -              -             8,027




Tinjauan Operasi Per Segmen Usaha                                    Operational Review gy Business
                                                                     Segment
Informasi segmen diungkapkan untuk memungkinkan                      Segment information is disclosed to enable users of financial
pengguna laporan keuangan mengevaluasi sifat dan dampak              statements to evaluate the nature and financial impact of Bank
keuangan dari aktivitas bisnis Bank Mandiri Taspen terlibat          Mandiri Taspen’s business activities involved in the economic
dalam lingkungan ekonomi di wilayah operasional Bank Mandiri         environment in the operational area of Bank Mandiri Taspen.
Taspen.


Penjelasan Segmen Usaha                                              Explanation of Business Segment

Bank Mandiri Taspen menyajikan segmen operasi berdasarkan            Bank Mandiri Taspen presents operating segments based on
laporan internal Bank yang disajikan kepada pengambil                the Bank’s internal reports presented to operational decision-
keputusan operasional. Pengambil keputusan operasional               makers. The operational decision maker is the Board of
adalah Direksi.                                                      Directors..

Segmen operasi adalah suatu komponen dari Bank:                      Operating segment is a component of the Bank:
a. Yang terlibat dalam aktivitas bisnis yang mana memperoleh         a. Those who are involved in business activities that earn
   pendapatan dan menimbulkan beban (termasuk                           revenues and incur expenses (including revenues and
   pendapatan dan beban terkait dengan transaksi dengan                 expenses related to transactions with other components of
   komponen lain dari entitas yang sama);                               the same entity);
b. Hasil operasinya dikaji ulang secara regular oleh pengambil       b. Its operating results are reviewed regularly by the chief
   keputusan operasional untuk membuat keputusan tentang                operating decision maker to make decisions about resources
   sumber daya yang dialokasikan pada segmen tersebut dan               to be allocated to the segment and assess its performance;
   menilai kinerjanya; dan                                              And
c. Tersedia informasi keuangan yang dapat dipisahkan.                c. Separable financial information is available.

Informasi yang dilaporkan kepada pengambil keputusan                 Information reported to operational decision-makers for the
operasional untuk tujuan alokasi sumber daya dan penilaian           purpose of resource allocation and performance assessment is
kinerjanya lebih difokuskan pada kategori masing-masing              more focused on the category of each product, which is similar
produk, yang serupa dengan segmen usaha yang dilaporkan              to the business segments reported in previous periods.
pada periode-periode terdahulu.


Berkaitan dengan hal tersebut, segmen operasi Bank                   In this regard, the Bank’s operating segments are classified by
diklasifikasikan berdasarkan wilayah operasi yaitu:                  operating area, namely:
1. Jawa                                                              1. Jawa
2. Bali dan Nusa Tenggara                                            2. Bali dan Nusa Tenggara
3. Sumatra                                                           3. Sumatra




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Management Discussion and Analysis of Bank Performance




4. Sulawesi                                                                                   4. Sulawesi
5. Kalimantan                                                                                 5. Kalimantan
6. Maluku dan Papua                                                                           6. Maluku and Papua


Berdasarkan penjelasan segmen usaha, maka kinerja                                             Based on the explanation of the business segments, the
operasional yang disajikan dalam laporan ini meliputi kinerja                                 operational performance presented in this report includes the
operasional per produk dan layanan serta kinerja operasional                                  operational performance per product and service as well as the
segmen operasi seperti yang dilaporkan dalam Laporan                                          operational performance of the operating segments as reported
Keuangan Bank Mandiri Taspen.                                                                 in the Bank Mandiri Taspen Financial Report.


Kinerja Segmen Operasi                                                                        Operating Segment Performance

Produktivitas, pendapatan dan profitabilitas segmen operasi                                   Productivity, income, and profitability of operating segments
disajikan pada tabel berikut:                                                                 are presented in the following table:


Tabel Segmen Operasi 31 Desember 2025
Table of Operating Segments as of December 31, 2025
                                                                                                                                 (dalam jutaan rupiah / in IDR million)


          Uraian                                         Bali, Nusa                                                              Maluku,
                                       Jawa *)                                Sumatra             Sulawesi        Kalimantan                            Total
        Description                                      Tenggara                                                                Papua

 Laporan Laba Rugi dan Penghasilan Komprehensif Lain
 Income Statement and Other Comprehensive Income

 Pendapatan
                                       4,724,260             506,213             898,812             430,480        290,463        140,631            6,990,859
 Income

 Beban
                                     (4,075,836)           (184,584)           (382,276)            (144,821)      (111,958)       (51,757)         (4,951,232)
 Expense

 Pendapatan (beban) non
 operasional                                1,908               (493)                   38                    -            -                 -              1,453
 Non-operating income

 Laba sebelum beban pajak
 Income before tax                       650,332             321,136             516,574             285,659        178,505          88,874           2,041,080
 expenses

 Beban pajak
                                       (460,000)                      -                   -                   -            -                 -         (460,000)
 Tax expenses

 Laba (rugi) tahun
 berjalan                                190,332            321,136              516,574             285,659        178,505          88,874           1,581,080
 Income for the year

 Laporan Posisi Keuangan
 Statement of Financial Position

 Kredit yang diberikan –
 bruto                               18,596,359           5,169,359          12,129,396            7,761,153       4,236,384     2,638,065           50,530,716
 Loans – gross

 Total aset
                                     57,583,808           3,440,596            6,769,745           2,507,491       1,986,874       730,052          73,018,566
 Total assets

 Simpanan nasabah
                                     41,057,120           3,082,920            6,231,406           2,214,756       1,804,748       639,623          55,030,573
 Deposits from customers

 Total liabilitas
                                     49,579,262           3,119,453            6,253,172           2,221,831       1,808,369       641,179          63,623,266
 Total liabilities

*) termasuk dalam segmen operasi Jawa terdapat beban, pendapatan, aset dan liabilitas dari Kantor Pusat.
*) in the Java operations segment, there were expenses, revenues, assets, and liabilities from the Head Office.




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Tabel Segmen Operasi 31 Desember 2024
Table of Operating Segments as of December 31, 2024
                                                                                                                                       (dalam jutaan rupiah / in IDR million)


          Uraian                                         Bali, Nusa                                                                    Maluku,
                                       Jawa *)                                Sumatra             Sulawesi            Kalimantan                              Total
        Description                                      Tenggara                                                                      Papua

 Laporan Laba Rugi dan Penghasilan Komprehensif Lain
 Income Statement and Other Comprehensive Income

 Pendapatan
                                        3,075,318             654,467           1,322,406             838,692             449,929          278,486           6,619,298
 Income

 Beban
                                      (3,825,119)            (137,715)           (330,177)           (129,249)            (97,953)         (47,830)        (4,568,043)
 Expense

 Pendapatan (beban) non
 operasional                              (11,144)                (490)                   12                    -                 -                  -          (11,622)
 Non-operating income

 Laba sebelum beban
 pajak
                                        (760,945)             516,262              992,241             709,443            351,976          230,656           2,039,633
 Income before tax
 expenses

 Beban pajak
                                        (462,083)                      -                    -                   -                 -                  -        (462,083)
 Tax expenses

 Laba (rugi) tahun
 berjalan                            (1,223,028)              516,262             992,241             709,443             351,976          230,656           1,577,550
 Income for the year

 Laporan Posisi Keuangan
 Statement of Financial Position

 Kredit yang diberikan –
 bruto                                16,881,600            4,917,013          11,132,666            7,124,590          3,829,908       2,375,638
                                                                                                                                                            46,261,415
 Loans – gross

 Total aset
                                      37,023,706            4,891,469          11,067,042            7,087,896          3,811,661       2,350,570          66,232,344
 Total assets

 Simpanan nasabah
                                      36,760,820            2,902,724           5,105,965           1,943,661           1,541,982          569,395         48,824,547
 Deposits from customers

 Total liabilitas
                                      30,697,022            4,536,250          10,518,291           6,792,773           3,640,989       2,258,995          58,444,320
 Total liabilities

*) termasuk dalam segmen operasi Jawa terdapat beban, pendapatan, aset dan liabilitas dari Kantor Pusat.
*) In the Java operating segment were included the expenses, income, assets, and liabilities from the Head Office.




Tabel Pertumbuhan Segmen Operasi
Table of Operating Segment Growth
                                                                                                                                                            (dalam % / in%)


         Uraian                                        Bali, Nusa                                                                     Maluku,
                                     Jawa*)                                 Sumatra             Sulawesi             Kalimantan                             Total
       Description                                     Tenggara                                                                       Papua

 Laporan Laba Rugi dan Penghasilan Komprehensif Lain
 Statement of Profit or Loss and Other Comprehensive Income

 Pendapatan
                                     53.62%             (22.65%)            (32.03%)            (48.67%)              (35.44%)        (49.50%)               5.61%
 Income

 Beban
                                       6.55%              34.03%              15.78%              12.05%               14.30%           8.21%                8.39%
 Expense

 Pendapatan (beban)
 non operasional                    117.12%               (0.61%)           216.67%                        -                 -                 -         112.50%
 Non-operating income




2025 Annual Report                                                                                                                                              191
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Analisis dan Pembahasan Manajemen atas Kinerja Bank
Management Discussion and Analysis of Bank Performance




         Uraian                                         Bali, Nusa                                                             Maluku,
                                     Jawa*)                                  Sumatra             Sulawesi        Kalimantan                     Total
       Description                                      Tenggara                                                               Papua

 Laba sebelum beban
 pajak
                                    185.46%              (37.80%)             (47.94%)            (59.73%)        (49.28%)     (61.47%)         0.07%
 Income before tax
 expenses

 Beban pajak
                                      (0.45%)                      -                    -                   -            -            -        (0.45%)
 Tax expenses

 Laba (rugi) tahun
 berjalan                           115.56%              (37.80%)            (47.94%)            (59.73%)         (49.28%)    (61.47%)          0.22%
 Income for the year

 Laporan Posisi Keuangan
 Statement of Financial Position

 Kredit yang diberikan
 – bruto                              10.16%                5.13%                8.95%               8.93%         10.61%       11.05%          9.23%
 Loans – gross

 Total aset
                                      55.53%             (29.66%)            (38.83%)             (64.62%)        (47.87%)    (68.94%)         10.25%
 Total assets

 Simpanan nasabah
 Deposits from                        11.69%                6.21%              22.04%              13.95%          17.04%       12.33%         12.71%
 customers

 Total liabilitas
                                      61.51%             (31.23%)            (40.55%)             (67.29%)        (50.33%)     (71.62%)         8.86%
 Total liabilities

*) termasuk dalam segmen operasi Jawa terdapat beban, pendapatan, aset dan liabilitas dari Kantor Pusat.
*) in the Java operations segment, there are expenses, revenues, assets, and liabilities from the Head Office.




Produktivitas Segmen Operasi                                                                 Operating Segment Productivity

Produktivitas segmen untuk tiap-tiap wilayah diklasifikasikan                                Segment productivity across regions is classified based on loan
ke dalam kredit yang diberikan dan simpanan nasabah. Kredit                                  disbursement and customer deposits. Total loans disbursed
yang diberikan secara total mengalami peningkatan sebesar                                    by Bank Mandiri Taspen increased by 9.23% in 2025, in line
9,23%. Peningkatan tersebut sejalan dengan pengembangan                                      with the Bank’s ongoing expansion and development of its
dan perluasan cakupan wilayah usaha yang dilakukan oleh                                      operational footprint. All regional operating segments recorded
Bank Mandiri Taspen. Semua wilayah segmen operasi juga                                       notable growth. Loan growth in Java, Bali and Nusa Tenggara,
mengalami peningkatan yang cukup signifikan. Peningkatan                                     Sumatra, Sulawesi, Kalimantan, and Maluku and Papua was
kredit yang diberikan untuk wilayah Jawa, Bali dan Nusa                                      recorded at 10.16%, 5.13%, 8.95%, 8.93%, 10.61%, and
Tenggara, Sumatera, Sulawesi, Kalimantan, Maluku dan Papua                                   11.05%, respectively.
masing-masing mengalami peningkatan sebesar 10,16%,
5,13%, 8,95%, 8,93%, 10,61% dan 11,05%.


Untuk produk simpanan nasabah, secara total mengalami                                        Customer deposits also recorded strong growth, increasing
peningkatan sebesar 12,71% Hal ini sejalan dengan peningkatan                                by 12.71% in total, consistent with the expansion in lending
kredit yang diberikan. Peningkatan Simpanan nasabah untuk                                    activities. Deposit growth in Java, Sumatra, Sulawesi,
wilayah Jawa, Sumatera, Sulawesi, Kalimantan dan Maluku                                      Kalimantan, and Maluku and Papua was recorded at 11.69%,
dan Papua masing-masing mengalami peningkatan sebesar                                        6.21%, 22.04%, 13.95%, 17.04%, and 12.33%, respectively.
11,69%, 6,21%, 22,04%, 13,95%, 17,04% dan 12,33%

Produktivitas Segmen Operasi Wilayah Jawa                                                    Productivity of Java Region Operating Segment

Kredit yang diberikan segmen operasi wilayah Jawa tahun                                      Loans disbursed in the Java operating segment amounted to
2025 sebesar Rp18,6 triliun, mengalami peningkatan sebesar                                   IDR18.6 trillion in 2025, representing an increase of 10.16%
10,16% dibandingkan dengan tahun 2024 sebesar Rp16,9                                         compared to IDR16.9 trillion in 2024. Customer deposits
triliun. Simpanan nasabah segmen operasi wilayah Jawa tahun                                  reached IDR41.06 trillion, increasing by 11.69% from IDR36.76




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2025 sebesar Rp41,06 triliun, mengalami peningkatan sebesar      trillion in the previous year. The improved productivity in the
11,69 % dibandingkan dengan tahun 2024 sebesar Rp36,76           Java segment reflects the effective implementation of the
triliun. Peningkatan produktivitas segmen operasi wilayah Jawa   Bank’s strategies across both lending and funding activities.
merupakan penerapan dari strategi yang efektif yang dilakukan
oleh Bank Mandiri Taspen baik untuk kredit maupun dana.


Produktivitas Segmen Operasi Wilayah Bali, Nusa                  Productivity of Bali and Nusa Tenggara Region
Tenggara                                                         Operating Segment

Kredit yang diberikan segmen operasi wilayah Bali dan Nusa       Loans disbursed in the Bali and Nusa Tenggara segment
Tenggara tahun 2025 sebesar Rp5,17 triliun, mengalami            amounted to IDR5.17 trillion in 2025, growing by 5.13%
peningkatan sebesar 5,13% dibandingkan dengan tahun 2024         from IDR4.92 trillion in 2024. Customer deposits increased
sebesar Rp4,92 triliun. Simpanan nasabah segmen operasi          to IDR3.08 trillion, up by 6.21% from IDR2.90 trillion in the
wilayah Bali dan Nusa Tenggara tahun 2025 sebesar Rp3,08         previous year. This performance reflects the effective execution
triliun, mengalami peningkatan sebesar 6,21% dibandingkan        of the Bank’s strategies in both lending and funding.
dengan tahun 2024 sebesar Rp2,90 triliun. Peningkatan
produktivitas segmen operasi Bali dan Nusa Tenggara
merupakan penerapan dari strategi yang efektif yang dilakukan
oleh Bank Mandiri Taspen baik untuk kredit maupun dana.


Produktivitas Segmen Operasi Wilayah Sumatera                    Productivity of Sumatra Region Operating Segment

Kredit yang diberikan segmen operasi wilayah Sumatera tahun      Loans disbursed in the Sumatra segment reached IDR12.13
2025 sebesar Rp12,13 triliun, mengalami peningkatan sebesar      trillion in 2025, increasing by 8.95% from IDR11.13 trillion in
8,95% dibandingkan dengan tahun 2024 sebesar Rp11,13             2024. Customer deposits rose significantly to IDR6.23 trillion,
triliun. Simpanan nasabah segmen operasi wilayah Sumatera        representing growth of 22.04% from IDR5.10 trillion in the
tahun 2025 sebesar Rp6,23 triliun, mengalami peningkatan         previous year. This performance indicates strong segment
sebesar 22,04% dibandingkan dengan tahun 2024 sebesar            productivity driven by effective strategic implementation.
Rp5,10 triliun. Produktivitas segmen operasi wilayah Sumatera
merupakan penerapan dari strategi yang efektif yang dilakukan
oleh Bank Mandiri Taspen baik untuk kredit maupun dana.


Produktivitas Segmen Operasi Wilayah Sulawesi                    Productivity of Sulawesi Region Operating Segment

Kredit yang diberikan segmen operasi wilayah Sulawesi tahun      Loans disbursed in the Sulawesi segment totaled IDR7.76
2025 sebesar Rp7,76 triliun, mengalami peningkatan sebesar       trillion in 2025, increasing by 8.93% from IDR7.12 trillion in
8,93% dibandingkan dengan tahun 2024 sebesar Rp7,12              2024. Customer deposits reached IDR2.21 trillion, growing by
triliun. Simpanan nasabah segmen operasi wilayah Sulawesi        13.95% compared to IDR1.94 trillion in the previous year. This
tahun 2025 sebesar Rp2,21 triliun, mengalami peningkatan         reflects improved segment productivity supported by effective
sebesar 13,95% dibandingkan dengan tahun 2024 sebesar            business strategies.
Rp1,94 triliun. Produktivitas segmen operasi wilayah Sulawesi
merupakan penerapan dari strategi yang efektif yang dilakukan
oleh Bank Mandiri Taspen.


Produktivitas Segmen Operasi Wilayah Kalimantan                  Productivity of Kalimantan Region Operating Segment

Kredit yang diberikan segmen operasi wilayah Kalimantan          Loans disbursed in the Kalimantan segment amounted to
tahun 2025 sebesar Rp4,25 triliun, mengalami peningkatan         IDR4.25 trillion in 2025, representing an increase of 10.61%
sebesar 10,61% dibandingkan dengan tahun 2024 sebesar            from IDR3.81 trillion in 2024. Customer deposits rose to
Rp3,81 triliun. Simpanan nasabah segmen operasi wilayah          IDR1.80 trillion, up by 17.04% from IDR1.54 trillion in the
Kalimantan tahun 2025 sebesar Rp1,80 triliun, mengalami          previous year. This growth demonstrates the effectiveness of
peningkatan sebesar 17,04% dibandingkan dengan tahun             the Bank’s strategic initiatives in the region.
2024 sebesar Rp1,54 triliun. Produktivitas segmen operasi
wilayah Kalimantan merupakan penerapan dari strategi yang
efektif yang dilakukan oleh Bank Mandiri Taspen baik untuk
kredit maupun dana.




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Management Discussion and Analysis of Bank Performance




Produktivitas Segmen Operasi Wilayah Maluku Papua               Productivity of Maluku and Papua Region Operating
                                                                Segment
Kredit yang diberikan segmen operasi wilayah Maluku
dan Papua tahun 2025 sebesar Rp2,64 triliun, mengalami          Loans disbursed in the Maluku and Papua segment reached
peningkatan sebesar 11,05% dibandingkan dengan tahun            IDR2.64 trillion in 2025, increasing by 11.05% from IDR2.37
2024 sebesar Rp2,37 triliun. Simpanan nasabah segmen            trillion in 2024. Customer deposits amounted to IDR639.62
operasi wilayah Maluku dan Papua tahun 2025 sebesar             billion, representing growth of 12.33% from IDR569.39 billion
Rp639,62 miliar, mengalami peningkatan sebesar 12,33%           in the previous year. The improved productivity in this segment
dibandingkan dengan tahun 2024 sebesar Rp569,39 miliar.         reflects the successful implementation of the Bank’s strategies
Produktivitas segmen operasi wilayah Maluku dan Papua           in both lending and funding activities.
merupakan penerapan dari strategi yang efektif yang dilakukan
oleh Bank Mandiri Taspen baik untuk kredit maupun dana.


Pendapatan dan Profitabilitas Segmen Operasi                    Income and Profitability Of Operating Segment

Secara total, pendapatan wilayah operasi meningkat sebesar      Overall, total operating segment revenue of Bank Mandiri
5,61%. Peningkatan dan penurunan pendapatan untuk untuk         Taspen increased by 5.61% in 2025. Revenue performance
wilayah Jawa, Bali dan Nusa Tenggara, Sumatera, Sulawesi,       across regions showed mixed trends, with growth in Java and
Kalimantan serta Maluku dan Papua masing-masing sebesar         contractions in other regions. Revenue growth (decline) for
53,62%, (22,65%), (32,03%), (48,67%), (35,44%) dan              Java, Bali and Nusa Tenggara, Sumatra, Sulawesi, Kalimantan,
(49,50%). Sedangkan untuk profitabilitas daerah secara total    and Maluku and Papua was recorded at 53.62%, (22.65%),
meningkat sebesar 0,22%.                                        (32.03%), (48.67%), (35.44%), and (49.50%), respectively.
                                                                Meanwhile, overall regional profitability recorded a marginal
                                                                increase of 0.22%.


Pendapatan Segmen Operasi                                       Operating Segment Income

Pendapatan Segmen Operasi Bank Mandiri Taspen disajikan         Bank Mandiri Taspen’s Operating Segment Income is presented
sebagai berikut.                                                as follows.


PENDAPATAN SEGMEN OPERASI WILAYAH JAWA                          INCOME OF JAVA REGION OPERATING SEGMENT
Pendapatan segmen operasi wilayah Jawa tahun 2025 sebesar       Income from the Java operating segment reached IDR4.72
Rp4,72 triliun, mengalami peningkatan sebesar 53,62%            trillion in 2025, representing an increase of 53.62% compared
dibandingkan dengan tahun 2024 sebesar Rp3,08 triliun.          to IDR3.08 trillion in 2024. This growth was in line with
Peningkatan ini sejalan dengan peningkatan produktivitas        improved productivity in the Java region.
wilayah Jawa.


PENDAPATAN SEGMEN OPERASI WILAYAH BALI, NUSA                    INCOME OF BALI, NUSA TENGGARA REGION OPERATING
TENGGARA                                                        SEGMENT
Pendapatan segmen operasi wilayah Bali dan Nusa Tenggara        Income from the Bali and Nusa Tenggara segment amounted
tahun 2025 sebesar Rp506,21 miliar, mengalami penurunan         to IDR506.21 billion in 2025, declining by 22.65% from
sebesar 22,65% dibandingkan dengan tahun 2024 sebesar           IDR654.47 billion in 2024. The decrease was in line with lower
Rp654,47 miliar. Penurunan ini sejalan dengan penurunan         productivity in the region.
produktivitas Bali dan Nusa Tenggara.


PENDAPATAN SEGMEN OPERASI WILAYAH SUMATERA                      INCOME OF SUMATRA REGION OPERATING SEGMENT
Pendapatan segmen operasi wilayah Sumatera tahun 2025           Income from the Sumatra segment reached IDR898.81 billion
sebesar Rp898,81 miliar, mengalami penurunan sebesar            in 2025, decreasing by 32.03% compared to IDR1.32 trillion in
32,03% dibandingkan dengan tahun 2024 sebesar Rp1,32            2024, reflecting reduced productivity in the region.
triliun. Penurunan ini sejalan dengan penurunan produktivitas
wilayah Sumatera.




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PENDAPATAN SEGMEN OPERASI WILAYAH SULAWESI                        INCOME OF SULAWESI REGION OPERATING SEGMENT
Pendapatan segmen operasi wilayah Sulawesi tahun 2025             Income from the Sulawesi segment amounted to IDR430.48
sebesar Rp430,48 miliar, mengalami penurunan sebesar              billion in 2025, declining by 48.67% from IDR838.69 billion
48,67% dibandingkan dengan tahun 2024 sebesar Rp838,69            in 2024. The decrease was consistent with lower productivity
miliar. Penurunan ini sejalan dengan penurunan produktivitas      levels.
wilayah Sulawesi.


PENDAPATAN SEGMEN OPERASI WILAYAH KALIMANTAN                      INCOME OF KALIMANTAN REGION OPERATING SEGMENT
Pendapatan segmen operasi wilayah Kalimantan tahun 2025           Income from the Kalimantan segment totaled IDR290.46
sebesar Rp290,46 miliar, mengalami penurunan sebesar              billion in 2025, representing a decrease of 35.44% compared
35,44% dibandingkan dengan tahun 2024 sebesar Rp499,93            to IDR499.93 billion in 2024, in line with reduced regional
miliar. Penurunan ini sejalan dengan penurunan produktivitas      productivity.
wilayah Kalimantan.


PENDAPATAN SEGMEN OPERASI WILAYAH MALUKU                          INCOME OF MALUKU AND PAPUA REGION OPERATING
PAPUA                                                             SEGMENT
Pendapatan segmen operasi wilayah Maluku dan Papua tahun          Income from the Maluku and Papua segment amounted to
2025 sebesar Rp140,63 miliar, mengalami penurunan sebesar         IDR140.63 billion in 2025, declining by 49.50% from IDR278.49
49,50% dibandingkan dengan tahun 2024 sebesar Rp278,49            billion in 2024, reflecting lower productivity in the region.
miliar. Penurunan ini sejalan dengan penurunan produktivitas
wilayah Maluku Papua.


Profitabilitas Segmen Operasi                                     Operating Segment Profitability

Profitabilitas Segmen Operasi Bank Mandiri Taspen disajikan       Bank Mandiri Taspen’s Operating Segment Profitability is
sebagai berikut.                                                  presented as follow.

PROFITABILITAS SEGMEN OPERASI WILAYAH JAWA                        PROFITABILITY OF THE JAVA REGION OPERATING
                                                                  SEGMENT
Laba tahun berjalan segmen operasi wilayah Jawa tahun 2025        The Java segment recorded profit for the year amounting
sebesar Rp190,33 miliar, mengalami peningkatan sebesar            to IDR190.33 billion in 2025, representing an increase of
115,56% dibandingkan dengan tahun 2024 yang mencatatkan           115.56% compared to a loss of IDR1.22 trillion in 2024. The
rugi sebesar Rp1,22 triliun. Peningkatan profitabilitas sejalan   movement in profitability was in line with changes in revenue
dengan peningkatan pendapatan wilayah Jawa.                       performance in the region.

PROFITABILITAS SEGMEN OPERASI WILAYAH BALI, NUSA                  PROFITABILITY OF THE BALI, NUSA TENGGARA REGION
TENGGARA                                                          OPERATING SEGMENT
Laba tahun berjalan segmen operasi wilayah Bali dan Nusa          The Bali and Nusa Tenggara segment recorded profit for the
Tenggara tahun 2025 sebesar Rp321,14 miliar, mengalami            year of IDR321.14 billion in 2025, representing a decrease of
penurunan sebesar 37,80% dibandingkan dengan tahun 2024           37.80% compared to IDR516.26 billion in 2024. The decline
sebesar Rp516,26 miliar. Penurunan tersebut disebabkan            was primarily attributable to a 34.03% increase in total
peningkatan total beban tahun 2025 sebesar 34,03%                 expenses, including higher allowance for impairment losses.
dibandingkan tahun 2024. Hal tersebut didorong oleh
peningkatan pembentukan cadangan kerugian penurunan nilai.


PROFITABILITAS SEGMEN OPERASI WILAYAH SUMATERA                    PROFITABILITY OF SUMATRA REGION OPERATIONS
                                                                  SEGMENT
Laba tahun berjalan segmen operasi wilayah Sumatera tahun         The Sumatra segment recorded profit for the year of IDR516.57
2025 sebesar Rp516,57 miliar, mengalami penurunan sebesar         billion in 2025, decreasing by 47.94% from IDR992.24 billion
47,94% dibandingkan dengan tahun 2024 sebesar Rp992,24            in 2024. The decline in profitability was in line with increased
miliar. Penurunan profitabilitas sejalan dengan peningkatan       operating expenses in the region.
beban wilayah Sumatera.




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PROFITABILITAS SEGMEN OPERASI WILAYAH SULAWESI                       PROFITABILITY OF SULAWESI REGION OPERATIONS
                                                                     SEGMENT
Laba tahun berjalan segmen operasi wilayah Sulawesi tahun            The Sulawesi segment recorded profit for the year of IDR285.66
2025 sebesar Rp285,66 miliar, mengalami penurunan sebesar            billion in 2025, declining by 59.73% compared to IDR709.44
59,73% dibandingkan dengan tahun 2024 sebesar Rp709,44               billion in 2024, reflecting higher expense levels.
miliar. Penurunan profitabilitas sejalan dengan peningkatan
beban wilayah Sulawesi.


PROFITABILITAS SEGMEN OPERASI WILAYAH                                PROFITABILITY OF KALIMANTAN REGION OPERATIONS
KALIMANTAN                                                           SEGMENT
Laba tahun berjalan segmen operasi wilayah Kalimantan tahun          The Kalimantan segment recorded profit for the year of
2025 sebesar Rp178,50 miliar, mengalami penurunan sebesar            IDR178.50 billion in 2025, decreasing by 49.28% from
49,28% dibandingkan dengan tahun 2024 sebesar Rp351,98               IDR351.98 billion in 2024, in line with increased operating
miliar. Penurunan profitabilitas sejalan dengan peningkatan          expenses.
beban wilayah Kalimantan.


PROFITABILITAS SEGMEN OPERASI WILAYAH MALUKU                         PROFITABILITY OF MALUKU AND PAPUA REGION
PAPUA                                                                OPERATIONS SEGMENT
Laba tahun berjalan segmen operasi wilayah Maluku dan Papua          The Maluku and Papua segment recorded profit for the year
tahun 2025 sebesar Rp88,87 miliar, mengalami penurunan               of IDR88.87 billion in 2025, declining by 61.47% compared
sebesar 61,47% dibandingkan dengan tahun 2024 sebesar                to IDR230.66 billion in 2024, reflecting increased expense
Rp230,66 miliar. Penurunan profitabilitas sejalan dengan             pressures in the region.
peningkatan beban wilayah Maluku dan Papua.


Kinerja Operasional Per Produk dan                                   Operational Performance Per Products and
Layanan                                                              Services

Kinerja Operasional per produk dan layanan meliputi produk           Operational Performance per product and service includes loan
kredit dan produk simpanan.                                          products and savings products.

Produk Kredit                                                        Loan Products

Produk kredit Bank Mandiri Taspen terdiri dari Kredit Mikro,         Bank Mandiri Taspen’s loan products consist of Micro Loans,
Kredit Retail, dan Kredit Pensiun. Adapun rincian penyaluran         Retail Loans, and Pension Loans. The details of loan distribution
kredit diuraikan dalam tabel berikut.                                are described in the following table.


Tabel Kinerja Produk Kredit						
Table of Loan Product Performance
                                                                                                         (dalam jutaan Rupiah / in IDR million)


                                                                                                               Pertumbuhan
                                                    2025                           2024
              Uraian                                                                                              Growth
            Description
                                      (Rp) / (IDR)          (%)       (Rp) / (IDR)         (%)         (Rp) / (IDR)              (%)

 Mikro
                                         616,606            1.22%        423,466            0.92%         193,139               45.61%
 Micro

 Retail                                    83,366            0.16%       128,198            0.28%         (44,833)            (34.97%)

 Pensiun
                                      49,830,744            98.61%    45,709,750           98.81%       4,120,994                9.02%
 Pension

 TOTAL                                50,530,716           100.00%    46,261,415          100.00%       4,269,301                9.23%




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                                                                                                         PT Bank Mandiri Taspen




Mikro                                                              Micro

Produk kredit mikro terdiri dari Kredit Usaha Mikro (KUM),         Micro loan products consist of Micro Business Loan (KUM),
Kredit Serbaguna Mantap (KSM), dan Kredit Komunitas Mantap         Mantap Multipurpose Loan (KSM), and Mantap Community
(KKM), Channeling, Kredit Usaha Rakyat (KUR), dan Kredit           Loan (KKM), Channeling, Micro Business Loan (KUR), and
Kendaraan Bermotor (KKB). Uraian terkait pertumbuhan kinerja       Motorized Vehicle Loan (KKB). A description of the growth in
produk kredit mikro diuraikan sebagai berikut.                     performance of micro loan products is described as follows.


Tabel Kinerja Produk Mikro						
Table of Micro Product Performance
                                                                                                      (dalam jutaan Rupiah / in IDR million)



                                                                                                            Pertumbuhan
                                                  2025                           2024
                                                                                                               Growth
             Uraian
           Description
                                     (Rp) / (IDR)         (%)       (Rp) / (IDR)         (%)        (Rp) / (IDR)              (%)


 Kredit Usaha Mikro (KUM)
                                          7,012            1.14%       23,875             5.64%       (16,863)             (70.63%)
 Micro Business Loan (KUM)

 Kredit Serbaguna Mantap (KSM)
                                       178,136           28.89%       168,834            39.87%          9,302                 5.51%
 Mantap Multipurpose Loan( (KSM)

 Kredit Komunitas Mantap (KKM)
                                          8,770            1.42%       15,486             3.66%         (6,716)            (43.37%)
 Mantap Community Loan (KKM)

 Channelling                           140,002            22.71%         9,104            2.15%       130,898            1,437.89%

 Kredit Usaha Rakyat (KUR)
                                       188,886            30.63%      161,285            38.09%         27,601               17.11%
 Mantap Community Loan (KUR)

 Kredit Kendaraan Bermotor (KKB)
                                         93,799           15.21%       44,883            10.60%         48,917             100.00%
 Mantap Community Loan (KKB)

 TOTAL                                 616,606           100.00%      423,466           100.00%       193,139                45.61%



Penyaluran Kredit Mikro tahun 2025 meningkat sebesar               Micro loan disbursement in 2025 increased by 45.61% or
45,61% atau Rp193,14 miliar, atau naik dari Rp423,47 miliar        IDR193.14 billion, rising from IDR423.47 billion in 2024
di tahun 2024 menjadi Rp616,61 miliar di tahun 2025. Hal           to IDR616.61 billion in 2025. This increase was driven by
tersebut dipengaruhi oleh meningkatnya kinerja produk KKB,         improved performance of KKB, KUR, and KSM products, which
KUR, dan KSM yang tumbuh masing-masing sebesar 100%,               grew by 100%, 17.11%, and 5.51%, respectively.
17,11%, dan 5,51%.


Retail                                                             Retail

Pertumbuhan kredit retail masih terkoreksi sebesar 34,97%          Retail loan growth experienced a contraction of 34.97% or
atau sebesar Rp44,83 miliar, turun dari Rp128,19 miliar di         IDR44.83 billion, declining from IDR128.19 billion in 2024 to
tahun 2024 menjadi Rp83,37 miliar di tahun 2025. Hal tersebut      IDR83.37 billion in 2025. This decrease was mainly attributable
dipengaruhi oleh tertekannya kinerja produk kredit modal kerja     to weakened performance in retail working capital loan
ritel pada tahun 2025.                                             products during 2025.




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Analisis dan Pembahasan Manajemen atas Kinerja Bank
Management Discussion and Analysis of Bank Performance




Tabel Kinerja Produk Retail					
Table of Retail Product Performance
                                                                                                        (dalam jutaan Rupiah / in IDR million)


                                                                                                              Pertumbuhan
                                                   2025                           2024
              Uraian                                                                                             Growth
            Description
                                      (Rp) / (IDR)         (%)       (Rp) / (IDR)         (%)         (Rp) / (IDR)              (%)

 Kredit Modal Kerja Retail
                                          13,097           15.71%        67,078           52.32%        (53,981)             (80.47%)
 Retail Working Capital Loan

 Kredit Investasi Retail
                                           1,782            2.14%             0            0.00%            1,782            100.00%
 Retail Investment Loan

 Kredit Multiguna Retail
                                          68,487           82.15%        61,120           47.68%            7,367              12.05%
 Retail Multifunction Loan

 TOTAL                                    83,366          100.00%      128,198           100.00%        (44,833)             (34.97%)




Pensiun                                                             Pension

Kinerja produk pensiun tumbuh 9,02% atau Rp4,12 triliun,            The performance of pension products grew by 9.02% or
dari Rp45,71 di tahun 2024 menjadi 49,83 di tahun 2025.             IDR4.12 trillion, increasing from IDR45.71 trillion in 2024 to
Hal ini sejalan dengan usaha bisnis Bank Mandiri Taspen yang        IDR49.83 trillion in 2025. This growth is aligned with the Bank’s
berfokus untuk menyalurkan kredit pensiun baik di wilayah Bali      strategic focus on pension loan disbursement across both Bali
maupun di luar wilayah Bali dan disebabkan oleh peningkatan         and non-Bali regions. The improvement was driven by higher
produktivitas pada segmen kredit pensiunan yang didukung            productivity within the pension loan segment, supported by
oleh kemitraan strategis serta aliansi dan sinergi dengan group     strategic partnerships, as well as alliances and synergies within
usaha dalam rangka penyaluran kredit dan pelayanan kepada           the business group to enhance loan distribution and service
nasabah pensiunan.                                                  delivery to pensioner customers.



Tabel Kinerja Produk Pensiun					
Table of Pension Product Performance
                                                                                                        (dalam jutaan Rupiah / in IDR million)


                                                                                                              Pertumbuhan
                                                   2025                           2024
              Uraian                                                                                             Growth
            Description
                                      (Rp) / (IDR)         (%)       (Rp) / (IDR)         (%)         (Rp) / (IDR)              (%)

 Kredit Pensiun
                                       49,830,744         100.00%    45,709,750           100%         4,120,994               9,02%
 Pension Loan

 TOTAL                                 49,830,744         100.00%    45,709,750           100%         4,120,994              9,02%



Produk Simpanan                                                     Deposit Products

Produk simpanan merupakan dana pihak ketiga yang berhasil           Deposit products are third party funds that have been
dihimpun oleh Bank Mandiri Taspen melalui berbagai produk           successfully collected by Bank Mandiri Taspen through various
tabungan, giro, dan deposito.                                       savings, current accounts and deposit products.




    198                                                                                                          Laporan Tahunan 2025
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                                                                                                            PT Bank Mandiri Taspen




Tabel Jumlah Rekening Dana Pihak Ketiga		
Table of Total Third-Party Fund Accounts		
                                                                                                       (dalam unit rekening / in account units)


                                                                                                               Pertumbuhan
                                                   2025                           2024
             Uraian                                                                                               Growth
           Description
                                        (NoA)              (%)          (NoA)             (%)             (NoA)                  (%)

 Tabungan
                                        997,744            91.66%     1,161,610           93.49%        (163,866)             (14.11%)
 Saving deposits

 Giro
                                             853            0.08%           626            0.05%               227              36.26%
 Current Accounts

 Deposito Berjangka
                                        89,968             8.26%         80,295            6.46%             9,673              12.05%
 Time Deposits

 TOTAL                               1,088,565            100.00%    1,242,531           100.00%        (153,966)             (12.39%)




Jumlah rekening Dana Pihak Ketiga (DPK) yang berhasil dihimpun      The total number of third-party fund accounts mobilized by
oleh Bank Mandiri Taspen pada tahun 2025 tercatat sebanyak          Bank Mandiri Taspen in 2025 was recorded at 1,088,565
1.088.565 unit rekening, mengalami penurunan sebesar                accounts, representing a decrease of 153,966 accounts
153.966 unit rekening atau 12,39% dibandingkan tahun 2024           or 12.39% compared to 1,242,531 accounts in 2024. The
yang mencapai 1.242.531 unit rekening. Penurunan ini terutama       decline was primarily attributable to a reduction in savings
disebabkan oleh berkurangnya jumlah rekening tabungan,              accounts, which decreased by 163,866 accounts or 14.11%.
yang mengalami penurunan sebesar 163.866 unit rekening              This decrease was mainly driven by adjustments to savings
atau 14,11%. Penurunan tersebut terjadi sebagai dampak dari         accounts in relation to the migration process to the New Core
penyesuaian rekening tabungan terkait proses migrasi ke sistem      Banking System implemented by the Bank. Accordingly, the
New Core Banking System di Bank Mandiri Taspen. Dengan              reduction in the number of accounts in 2025 was not indicative
demikian, penurunan jumlah rekening pada tahun 2025 bukan           of a decline in customer acquisition, but rather reflected internal
disebabkan oleh penurunan akuisisi nasabah, melainkan lebih         system adjustments associated with the Bank’s core banking
dipengaruhi oleh proses penyesuaian sistem internal perbankan.      transformation.


Tabel Jumlah Dana Pihak Ketiga				
Table of Total Third Party Funds
                                                                                                         (dalam jutaan Rupiah / in IDR million)


                                                                                                               Pertumbuhan
                                                   2025                           2024
             Uraian                                                                                               Growth
           Description
                                     (Rp) / (IDR)          (%)       (Rp) / (IDR)         (%)          (Rp) / (IDR)              (%)

 Tabungan
                                      12,392,749           22.52%     10,372,334          21.24%         2,020,415              19.48%
 Saving deposits

 Giro
                                         434,920            0.79%      1,025,796           2.10%          (590,876)           (57.60%)
 Current Accounts

 Deposito Berjangka
                                      42,202,904           76.69%     37,426,417          76.65%         4,776,487              12.76%
 Time Deposits

 TOTAL                                55,030,573          100.00%     48,824,547         100.00%         6,206,026              12.71%



Sejalan dengan peningkatan jumlah rekening dana pihak ketiga,       In line with the increase in the number of third-party fund (DPK)
jumlah dana pihak ketiga yang berhasil dihimpun Bank Mandiri        accounts, the total third-party funds successfully mobilized
Taspen mengalami peningkatan sebesar Rp6,21 triliun atau            by Bank Mandiri Taspen had increased by IDR6.21 trillion, or
12,71% dari Rp48,82 triliun di 2024 menjadi Rp55,03 triliun         12.71%, from IDR48.82 trillion in 2024 to IDR55.03 trillion
di 2025. Peningkatan ini terutama berasal dari deposito yang        in 2025. This increase was primarily driven by time deposits,
kenaikannya mencapai 12,76% dari Rp37,43 triliun di tahun           which grew by 12.76%, from IDR37.43 trillion in 2024 to
2024 menjadi sebesar Rp42,20 triliun di tahun 2025.                 IDR42.20 trillion in 2025.




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Analisis dan Pembahasan Manajemen atas Kinerja Bank
Management Discussion and Analysis of Bank Performance




Tabungan                                                             Savings

Produk tabungan Bank Mandiri Taspen pada tahun 2025                  Savings products of the Bank recorded an increase in total funds
mencatatkan peningkatan dari sisi jumlah dana, namun                 in 2025; however, the number of accounts declined. The total
mengalami penurunan dari sisi jumlah rekening. Jumlah rekening       number of savings accounts decreased by 137,089 accounts
tabungan tercatat turun sebesar 137.089 unit rekening atau           or 11.95%, from 1,147,257 accounts in 2024 to 1,010,168
11,95%, dari 1.147.257 unit rekening pada tahun 2024 menjadi         accounts in 2025. This decline was mainly attributable to a
1.010.168 unit rekening pada tahun 2025. Penurunan jumlah            reduction in third-party savings accounts, which decreased by
rekening tersebut terutama berasal dari rekening pihak ketiga,       137,265 accounts.
yang mengalami penurunan sebesar 137.265 unit rekening.


Tabel Jumlah Rekening Produk Tabungan		
Table of Number of Saving Deposits Product Accounts		
                                                                                                       (dalam unit rekening / in account units)


                                                                                                               Pertumbuhan
                                                    2025                           2024
              Uraian                                                                                              Growth
            Description
                                         (NoA)              (%)         (NoA)              (%)           (NoA)                   (%)

 Pihak Ketiga
                                        1,009,732          99.96%      1,146,997           99.98%        (137,265)            (11.97%)
 Third Parties

 Pihak Berelasi
                                              436            0.04%           260            0.02%               176             67.69%
 Related Parties

 TOTAL                                  1,010,168          100.00%     1,147,257          100.00%       (137,089)             (11.95%)



Jumlah dana yang dihimpun Bank Mandiri Taspen melalui                The total funds mobilized by Bank Mandiri Taspen through
produk tabungan meningkat 19,48% dari Rp10,37 triliun di             savings products increased by 19.48%, from IDR10.37 trillion
2024 menjadi Rp12,39 triliun di 2025. Peningkatan tersebut           in 2024 to IDR12.39 trillion in 2025. This growth was primarily
khususnya berasal dari jumlah dana tabungan dari pihak ketiga        driven by an increase in third-party savings funds, which rose
yang meningkat sebesar Rp2,02 triliun.                               by IDR2.02 trillion.


Tabel Jumlah Dana Produk Tabungan			
Table of Amount of Funds in Saving Deposits Products
                                                                                                        (dalam jutaan Rupiah / in IDR million)


                                                                                                               Pertumbuhan
                                                    2025                           2024
              Uraian                                                                                              Growth
            Description
                                      (Rp) / (IDR)          (%)       (Rp) / (IDR)         (%)        (Rp) / (IDR)               (%)

 Pihak Ketiga
                                      12,387,208           99.96%     10,363,926           99.92%       2,023,282               19.52%
 Third Parties

 Pihak Berelasi
                                            5,541            0.04%         8,408            0.08%          (2,867)            (34.10%)
 Related Parties

 TOTAL                                12,392,749           100.00%    10,372,334          100.00%       2,020,415              19.48%



TABUNGAN BERDASARKAN JENIS PRODUK                                    SAVING DEPOSITS BY PRODUCT TYPE
Produk tabungan Bank Mandiri Taspen meliputi Tabungan                Bank Mandiri Taspen’s savings deposit products include
SiMantap Gold, Tabungan SiMantap Berjangka, Tabunganku,              SiMantap Gold Savings, SiMantap Futures Savings,
Tabungan Mantap Prima, Tabungan SiMantap Pensiun                     Tabunganku, Mantap Prime Savings, SiMantap Pension
dan Tabungan Umum. Produk tabungan yang mendorong                    Savings and General Savings. The savings product that drove
pertumbuhan DPK tertinggi khususnya berasal dari Tabungan            the highest Third-Party Funds growth came specifically from
SiMantap Pensiun dari 768.745 unit rekening di tahun 2024            SiMantap Pension Savings, from 768,745 account units in
menjadi 863.627 unit rekening di tahun 2025.                         2024 to 863,627 account units in 2025.




    200                                                                                                           Laporan Tahunan 2025
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                                                                                                         PT Bank Mandiri Taspen




Tabel Jumlah Rekening Produk Tabungan Berdasarkan Produk		
Table of Number of Saving Deposits Product Accounts by Product Type
                                                                                                    (dalam unit rekening / in account units)


                                                                                                            Pertumbuhan
                                                  2025                           2024
             Uraian                                                                                            Growth
           Description
                                        (NoA)             (%)         (NoA)              (%)          (NoA)                   (%)

 Tabungan SiMantap Gold
                                         86,476            8.67%       75,679             6.52%         10,797               14.27%
 SiMantap Gold Savings

 Tabungan SiMantap Berjangka
                                         24,616            2.47%       38,410             3.31%       (13,794)             (35.91%)
 SiMantap Futures Savings

 Tabunganku                              17,708            1.77%       19,463             1.68%         (1,755)              (9.02%)

 Tabungan Mantap Prima
                                             89            0.01%            92            0.01%              (3)             (3.26%)
 Mantap Prime Savings

 Tabungan SiMantap Pensiun
                                       863,627           86.56%       768,745            66.18%         94,882               12.34%
 SiMantap Pension Savings

 Tabungan Umum
                                          5,228            0.52%      259,221            22.32%      (253,993)             (97.98%)
 General Savings

 TOTAL                                  997,744          100.00%    1,161,610           100.00%     (163,866)              (14.11%)



Demikian pula dengan jumlah dana yang dihimpun Bank                Likewise, the amount of funds collected by Bank Mandiri Taspen
Mandiri Taspen melalui produk tabungan yang meningkat              through savings products increased by 19.48% from IDR 10.37
19,48% dari Rp10,37 triliun di 2024 menjadi Rp12,39 triliun di     trillion in 2024 to IDR 12.39 trillion in 2025. The increase in
2025. Peningkatan dana produk tabungan khususnya berasal           savings product funds came primarily from SiMantap Pension
dari Tabungan SiMantap Pensiun.                                    Savings.

Berikut rincian jumlah dana yang berhasil dihimpun Bank            Below is a breakdown of the amount of funds successfully
Mandiri Taspen yang disajikan dalam bentuk tabel.                  collected by Bank Mandiri Taspen presented in tabular form.


Tabel Jumlah Dana Produk Tabungan Berdasarkan Produk		
Table of Amount of Funds in Saving Deposits by Product Type
                                                                                                      (dalam jutaan Rupiah / in IDR million)


                                                                                                            Pertumbuhan
                                                  2025                           2024
             Uraian                                                                                            Growth
           Description
                                     (Rp) / (IDR)         (%)       (Rp) / (IDR)         (%)        (Rp) / (IDR)              (%)

 Tabungan SiMantap Gold
                                        796,284           6.43%        823,764            7.94%        (27,480)              (3.34%)
 SiMantap Gold Savings

 Tabungan SiMantap Berjangka
                                         93,846            0.76%       100,019            0.96%          (6,173)             (6.17%)
 SiMantap Futures Savings

 Tabunganku                              59,954           0.48%         68,168            0.66%          (8,214)           (12.05%)

 Tabungan Mantap Prima
                                            254            0.00%           929            0.01%            (675)           (72.70%)
 Mantap Prime Savings

 Tabungan SiMantap Pensiun
                                     10,977,433          88.58%      7,954,984           76.69%      3,022,449               37.99%
 SiMantap Pension Savings

 Tabungan Umum
                                        464,978            3.75%     1,424,472           13.73%      (959,494)             (67.36%)
 General Savings

 TOTAL                               12,392,749          100.00%    10,372,336          100.00%      2,020,413               19.48%




2025 Annual Report                                                                                                            201
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Analisis dan Pembahasan Manajemen atas Kinerja Bank
Management Discussion and Analysis of Bank Performance




Giro                                                                Current Accounts

menjadi 669 rekening di tahun 2025. Jumlah rekening produk          In 2025, the number of accounts in the current accounts
giro pihak berelasi meningkat sebesar 8 rekening atau sebesar       product increased to 669. The number of related party current
80,00%, demikian pula dengan jumlah rekening produk giro            account products increased by 8 accounts, or 80.00%, while
pihak ketiga yang meningkat sebesar 6,03%.                          the number of third party current account products increased
                                                                    by 6.03%.


Tabel Jumlah Rekening Produk Giro				
Table of Number of Accounts in the Current Accounts Products
                                                                                                    (dalam unit rekening / in account units)


                                                                                                            Pertumbuhan
                                                   2025                           2024
              Uraian                                                                                           Growth
            Description
                                         (NoA)             (%)         (NoA)              (%)         (NoA)                   (%)

 Pihak Ketiga
                                           651             97.31%         614             98.40%         37                   6.03%
 Third Parties

 Pihak Berelasi
                                             18            2.69%           10              1.60%           8                80.00%
 Related Parties

 TOTAL                                     669            100.00%        624             100.00%         45                    7.21%



Jumlah dana produk giro mengalami penurunan sebesar                 The total current account had declined by 57.60%, from
57,60% dari Rp1,02 triliun di 2024 menjadi Rp434,92 miliar          IDR 1.02 trillion in 2024 to IDR 434.92 billion in 2025. This
di tahun 2025. Penurunan tersebut berasal dari penurunan            decrease was primarily attributable to a reduction in current
produk giro pihak berelasi yang menurun sebesar Rp604,28            account from related parties, which declined by IDR 604.28
miliar atau 73,08%.                                                 billion, or 73.08%.


Tabel Jumlah Dana Produk Giro						
Table of Amount of Funds in Current Accounts Products
                                                                                                     (dalam jutaan Rupiah / in IDR million)


                                                                                                            Pertumbuhan
                                                   2025                           2024
              Uraian                                                                                           Growth
            Description
                                      (Rp) / (IDR)         (%)      (Rp) / (IDR)          (%)      (Rp) / (IDR)               (%)

 Pihak Ketiga
                                         212,369          48.83%        198,966           19.40%        13,403                 6.74%
 Third Parties

 Pihak Berelasi
                                         222,551           51.17%       826,830           80.60%     (604,279)             (73.08%)
 Related Parties

 TOTAL                                   434,920          100.00%     1,025,796          100.00%    (590,876)              (57.60%)



Deposito Berjangka                                                  Time Deposits

Produk deposito berjangka Bank Mandiri Taspen mengalami             Time deposit products of Bank Mandiri Taspen recorded
peningkatan di 2025, baik jumlah rekening maupun jumlah             growth in 2025 in terms of both the number of accounts and
dana. Jumlah rekening produk deposito berjangka meningkat           total funds. The number of time deposit accounts increased by
sebesar 12,05% dari 80.295 unit rekening di 2024 menjadi            12.05%, from 80,295 accounts in 2024 to 89,968 accounts in
89.968 unit rekening di 2025. Peningkatan yang paling besar         2025. The most significant increase was observed in 1-month
terdapat pada produk deposito berjangka 1 (satu) bulan yang         time deposit products, which rose by 9,679 accounts or
mengalami peningkatan sebesar 9.679 unit rekening atau              18.53%, from 52,242 accounts in 2024 to 61,921 accounts in
18,53% dari 52.242 unit rekening di tahun 2024 menjadi              2025.
61.921 unit rekening di 2025.




    202                                                                                                        Laporan Tahunan 2025
Page 203
                                                                                                        PT Bank Mandiri Taspen




Tabel Jumlah Rekening Produk Deposito Berjangka			
Table of Number of Time Deposits Product Accounts
                                                                                                   (dalam unit rekening / in account units)


                                                                                                           Pertumbuhan
                                                2025                           2024
                Uraian                                                                                        Growth
              Description
                                      (NoA)             (%)         (NoA)              (%)           (NoA)                   (%)

 1 bulan
                                       61,921          68.83%         52,242           65.06%            9,679              18.53%
 1 month

 3 bulan
                                      18,964           21.08%        18,295            22.78%              669               3.66%
 3 month

 6 bulan
                                        7,258            8.07%         8,127           10.12%            (869)            (10.69%)
 6 month

 ≥ 12 bulan
                                        1,825            2.03%         1,631            2.03%              194              11.89%
 ≥ 12 month

 TOTAL                                89,968           100.00%       80,295           100.00%           9,673              12.05%




Sedangkan, jumlah dana produk deposito berjangka mengalami       In terms of total funds, time deposits increased by 12.76%,
peningkatan sebesar 12,76% dari Rp37,43 triliun di 2024          from IDR37.43 trillion in 2024 to IDR42.20 trillion in 2025. This
menjadi Rp42,20 triliun di 2025. Peningkatan ini didominasi      growth was primarily driven by significant increases in time
oleh peningkatan produk deposito berjangka ≥12 bulan yang        deposit products with tenors of ≥12 months, which rose by
meningkat sebesar Rp4,07 triliun atau 677,22% dari Rp601,28      IDR4.07 trillion or 677.22%, from IDR601.28 billion in 2024 to
miliar di 2024 menjadi Rp4,67 triliun di 2025.                   IDR4.67 trillion in 2025.


Tabel Jumlah Dana Produk Deposito Berjangka
Table of Amount of Funds in Time Deposits Products				
                                                                                                     (dalam jutaan Rupiah / in IDR million)


                                                                                                           Pertumbuhan
                                                2025                           2024
                Uraian                                                                                        Growth
              Description
                                   (Rp) / (IDR)         (%)       (Rp) / (IDR)         (%)         (Rp) / (IDR)              (%)

 1 bulan
                                    14,208,314          33.67%    11,878,795           31.74%        2,329,519              19.61%
 1 month

 3 bulan
                                    19,412,328         46.00%     18,914,989           50.54%          497,339               2.63%
 3 month

 6 bulan
                                     3,908,984           9.26%      6,031,353          16.12%      (2,122,369)             -35.19%
 6 month

 ≥ 12 bulan
                                     4,673,278          11.07%       601,280            1.61%        4,071,998            677.22%
 ≥ 12 month

 TOTAL                              42,202,904         100.00%     37,426,417         100.00%       4,776,487               12.76%




2025 Annual Report                                                                                                           203
Page 204
Analisis dan Pembahasan Manajemen atas Kinerja Bank
Management Discussion and Analysis of Bank Performance




Tinjauan Keuangan
Financial Review


Tinjauan keuangan yang diuraikan berikut mengacu kepada                 The financial review set forth below refers to the Financial
Laporan Keuangan untuk tahun yang berakhir tanggal                      Statements for the year ended December 31, 2025, as
31 Desember 2025 yang disajikan dalam Laporan Tahunan                   presented in this Annual Report. The Financial Statements
ini. Laporan Keuangan telah diaudit oleh Kantor Akuntan                 have been audited by Kantor Akuntan Publik Purwanto Susanti
Publik Purwanto Susanti dan Surja (A Member Firm of Ernst               dan Surja (a member firm of Ernst & Young Global Limited)
& Young Global Limited) dan mendapat opini menyajikan                   and received an unmodified opinion, stating that they present
secara wajar, dalam semua hal yang material, posisi keuangan            fairly, in all material respects, the financial position of PT Bank
PT Bank Mandiri Taspen tanggal 31 Desember 2025 untuk                   Mandiri Taspen as of December 31, 2025, and its financial
tahun yang berakhir pada tanggal tersebut, sesuai dengan                performance for the year then ended, in accordance with
Standar Akuntansi Keuangan di Indonesia.                                Financial Accounting Standards in Indonesia.



Kinerja Keuangan                                                        Financial Performance

Kinerja Keuangan PT Bank Mandiri Taspen terdiri atas Laporan            The financial performance of PT Bank Mandiri Taspen consists
Posisi Keuangan, Laporan Laba Rugi dan Penghasilan                      of the Statement of Financial Position, the Statement of Profit
Komprehensif Lain serta Laporan Arus Kas yang disajikan                 or Loss and Other Comprehensive Income, and the Statement
sebagai berikut.                                                        of Cash Flows presented as follow.


Laporan Posisi Keuangan                                                 Statement of Financial Position

Tabel Laporan Posisi Keuangan			
Table of Statement of Financial Position			
                                                                                                             (dalam jutaan Rupiah / in IDR miliion)



                                                                              Pertumbuhan
                                                                                Growth
              Uraian                   2025               2024                                                     Description

                                                                       (Rp) / (IDR)         (%)

 ASET                                                                                                                                 ASSETS

 Kas                                    152,993           137,382           15,611          11.36%                                         Cash

                                                                                                              Current Accounts with Bank
 Giro pada Bank Indonesia             1,283,107          3,122,333     (1,839,226)        (58.91%)
                                                                                                                               Indonesia

                                                                                                              Current Accounts with other
 Giro pada bank lain
                                                                                                                                   banks

   Pihak berelasi                        74,756             47,978          26,778          55.81%                         Related Parties

   Dikurangi: Cadangan kerugian                                                                                     Minus: Allowance for
                                              (1)                (1)              -               -
   penurunan nilai                                                                                                    impairment losses

   Total - neto                          74,755             47,977          26,778          55.81%                               Total - net

 Penempatan pada Bank Indonesia
                                                                                                          Placements with Bank Indonesia
 dan Bank Lain

   Pihak ketiga                       6,361,889          2,179,682       4,182,207        191.87%                             Third Parties

 Efek-efek                                                                                                                           Securities

   Pihak berelasi                    10,106,223          8,152,897       1,953,326          23.96%                         Related Parties




    204                                                                                                               Laporan Tahunan 2025
Page 205
                                                                                              PT Bank Mandiri Taspen




                                                                        Pertumbuhan
                                                                          Growth
                  Uraian                2025          2024                                      Description

                                                                  (Rp) / (IDR)    (%)

   Pihak ketiga                        2,913,109     4,576,396    (1,663,287)    (36.34%)                Third Parties

   Dikurangi: Cadangan kerugian                                                                  Minus: Allowance for
                                                -                           -           -
   penurunan nilai                                                                                 impairment losses

   Total - neto                       13,019,332    12,729,293       290,039       2.28%                   Total - net

 Efek-efek yang dibeli dengan janji                                                          Securities purchased under
 dijual kembali                                                                                     agreements to resell

   Pihak ketiga                        1,014,855     1,277,381      (262,526)    (20.55%)                Third Parties

 Kredit yang diberikan                                                                                            Loans

   Pihak berelasi                         15,257        15,930          (673)     (4.22%)             Related Parties

   Pihak ketiga                       50,515,459    46,245,485      4,269,974      9.23%                 Third Parties

   Total                              50,530,716    46,261,415      4,269,301      9.23%                         Total

   Dikurangi: Cadangan kerugian                                                                  Minus: Allowance for
                                       (770,429)      (817,514)        47,085     (5.76%)
   penurunan nilai                                                                                 impairment losses

   Total - neto                       49,760,287    45,443,901      4,316,386      9.50%                   Total - net

 Biaya dibayar dimuka                     33,142        19,274        13,868      71.95%              Prepaid expenses

 Aset tetap                                                                                                 Fixed assets

   Nilai perolehan                     2,004,726     1,733,694       271,032      15.63%                         Cost

   Akumulasi penyusutan               (1,434,539)   (1,228,660)     (205,879)     16.76%    Accumulated depreciation

   Total - neto                          570,187       505,034         65,153     12.90%                   Total - net

 Aset pajak tangguhan - neto              76,076       202,112      (126,036)    (62.36%)     Deferred tax assetss - net

 Aset tidak berwujud - neto              169,119       128,227        40,892      31.89%          ntangible assets - net

 Aset lain-lain                          502,824       439,748         63,076     14.34%                   Other assets

 TOTAL ASET                           73,018,566    66,232,344     6,786,222      10.25%                TOTAL ASSETS

 LIABILITAS DAN EKUITAS                                                                      LIABILITIES AND EQUITY

 LIABILITAS                                                                                                 LIABILITIES

 Liabilitas segera                        58,179       862,204      (804,025)    (93.25%)     Liabilities due immediately

 Simpanan nasabah                                                                              Deposits from customers

   Pihak berelasi                      8,768,920     8,634,088       134,832       1.56%              Related Parties

   Pihak ketiga                       46,261,653    40,190,459      6,071,194     15.11%                 Third Parties

   Total                              55,030,573    48,824,547      6,206,026     12.71%                         Total




2025 Annual Report                                                                                             205
Page 206
Analisis dan Pembahasan Manajemen atas Kinerja Bank
Management Discussion and Analysis of Bank Performance




                                                                           Pertumbuhan
                                                                             Growth
                Uraian                  2025              2024                                            Description

                                                                     (Rp) / (IDR)     (%)

 Simpanan dari bank lain                                                                               Deposits from other banks

    Pihak ketiga                         49,789           755,053      (705,264)     (93.41%)                      Third Parties

 Utang pajak                             50,072            52,336        (2,264)      (4.33%)                       Taxes payable

 Surat berharga yang diterbitkan       2,695,416         1,199,093     1,496,323     124.79%                     Securities issued

 Efek-efek yang dibeli dengan janji                                                                   Securities purchased under
 dijual kembali                                                                                              agreements to resell

    Pihak berelasi                             -          225,076      (225,076)    (100.00%)                   Related Parties

 Pinjaman yang diterima                                                                                                Borrowings

    Pihak berelasi                     1,500,000         3,000,000   (1,500,000)     (50.00%)                   Related Parties

    Pihak ketiga                       3,500,000         2,750,000      750,000       27.27%                       Third Parties

    Total                              5,000,000         5,750,000     (750,000)     (13.04%)                              Total

 Beban yang masih harus dibayar         325,758           315,810          9,948       3.15%                    Accrued expenses

 Liabilitas imbalan kerja               306,607           343,816       (37,209)     (10.82%)         Employee benefits liabilities

 Liabilitas lain-lain                   106,872           116,385         (9,513)     (8.17%)                      Other liabilities

 TOTAL LIABILITAS                     63,623,266     58,444,320       5,178,946        8.86%                  TOTAL LIABILITIES

 EKUITAS                                                                                                                   EQUITY

 Modal saham                            819,304           819,304               -           -                         Share capital

 Tambahan modal disetor                1,349,508         1,349,508              -           -            Additional paid-in capital

 Keuntungan (Kerugian) neto yang
 belum direalisasi dari kenaikan                                                                Net unrealized gains (losses) from
 atau penurunan nilai wajar efek-       108,802           (77,638)      186,440     (240.14%)     fair value changes of available-
 efek yang tersedia untuk dijual -                                                                    forsale securities – after tax
 setelah pajak

 Pengukuran kembali atas liabilitas                                                                Remeasurements of employee
                                        (20,840)          (18,351)       (2,489)      13.56%
 imbalan kerja - setelah pajak                                                                      benefit obligations – after tax

 Saldo Laba                                                                                                     Retained earnings

    Sudah ditentukan
                                        163,861           163,861               -                                 Appropriated
    penggunaannya

    Belum ditentukan
                                       6,974,665         5,551,340     1,423,325      25.64%                    Unappropriated
    penggunaannya

 TOTAL EKUITAS                         9,395,300         7,788,024     1,607,276      20.64%                      TOTAL EQUITY

 TOTAL LIABILITAS DAN                                                                                   TOTAL LIABILITIES AND
                                      73,018,566     66,232,344       6,786,222       10.25%
 EKUITAS                                                                                                               EQUITY




    206                                                                                                      Laporan Tahunan 2025
Page 207
                                                                                                   PT Bank Mandiri Taspen




      Grafik Laporan Posisi Keuangan
      Graph of Statement of Financial Position
      (dalam jutaan Rupiah / in IDR million)

                      66.23        73.02             58.44   63.62                          7.79     9.40




                             Aset                      LiabilitasGraph of Statement of Financial Position					
                                                                                                   Ekuitas              (in
                            Assets                     Liabilities
                                                                 IDR million)                      Equity

                                                      2024    2025




Aset                                                         Assets

Aset Bank Mandiri Taspen tahun 2025 mencapai Rp73,02         Total assets of Bank Mandiri Taspen reached IDR73.02 trillion
triliun meningkat 10,25% dibandingkan dengan tahun           in 2025, representing an increase of 10.25% compared to
2024 yang mencapai Rp66,23 triliun. Peningkatan tersebut     IDR66.23 trillion in 2024. This growth was primarily driven by
khususnya berasal dari pertumbuhan kredit yang diberikan     loan expansion, which increased by 9.23% or IDR4.27 trillion.
9,23% atau Rp4,27 triliun.


Kas                                                          Cash

Kas tahun 2025 mencapai Rp152,99 miliar meningkat 11,36%     Cash position in 2025 amounted to IDR152.99 billion,
dibandingkan dengan tahun 2024 yang mencapai Rp137,38        increasing by 11.36% from IDR137.38 billion in 2024. The
miliar. Peningkatan kas disebabkan adanya penerimaan         increase was mainly attributable to proceeds from borrowings
pinjaman yang diterima dan penerimaan dari surat berharga    and receipts from issued securities.
yang diterbitkan.


Giro pada Bank Indonesia                                     Current Accounts with Bank Indonesia

Giro pada Bank Indonesia tahun 2025 mencapai Rp1,28          Current accounts with Bank Indonesia amounted to IDR1.28
triliun turun 58,91% dibandingkan dengan tahun 2024 yang     trillion in 2025, declining by 58.91% compared to IDR3.12
mencapai Rp3,12 triliun. Penurunan tersebut disebabkan       trillion in 2024. The decrease was primarily due to adjustments
adanya penyesuaian pemenuhan kewajiban minimum GWM           in the Bank’s compliance with the minimum reserve requirement
Bank tahun 2025.                                             (GWM) in 2025.




2025 Annual Report                                                                                                207
Page 208
Analisis dan Pembahasan Manajemen atas Kinerja Bank
Management Discussion and Analysis of Bank Performance




Giro pada Bank Lain                                                  Current Accounts with Other Banks

Giro pada Bank Lain tahun 2025 mencapai Rp74,75 miliar               Current accounts with other banks reached IDR74.75 billion
meningkat 55,81% dibandingkan dengan tahun 2024 yang                 in 2025, representing an increase of 55.81% compared to
mencapai Rp47,98 miliar. Peningkatan tersebut khususnya              IDR47.98 billion in 2024. The increase was mainly driven by
berasal dari peningkatan giro pada PT Bank Mandiri (Persero)         higher balances in current accounts with PT Bank Mandiri
Tbk sebesar Rp27,77 miliar.                                          (Persero) Tbk, which rose by IDR27.77 billion.


Tabel Giro Pada Bank Lain						
Table of Current Accounts at other Banks
                                                                                                        (dalam jutaan Rupiah / in IDR million)


                                                                          Pertumbuhan
                                                                            Growth
             Uraian                    2025              2024                                                 Description
                                                                    (Rp) / (IDR)        (%)

 PT Bank Mandiri (Persero) Tbk         73,666            45,901        27,765          60.49%         PT Bank Mandiri (Persero) Tbk

 PT Bank Syariah Indonesia Tbk          1,090             1,082             8            0.74%        PT Bank Syariah Indonesia Tbk

 PT Bank Rakyat Indonesia                                                                                  PT Bank Rakyat Indonesia
                                             -             995          (995)        (100.00%)
 (Persero) Tbk                                                                                                        (Persero) Tbk

 Dikurangi: Cadangan kerugian                                                                       Minus: Allowance for impairment
                                           (1)              (1)             -                 -
 penurunan nilai                                                                                                              losses

 Total                                 74,755            47,977       26,778           55.81%                                        Total



Penempatan pada Bank Indonesia dan Bank Lain                         Placement with Bank Indonesia and Other Banks

Penempatan pada Bank Indonesia dan Bank Lain tahun 2025              Placements with Bank Indonesia and other banks amounted
senilai Rp6,36 triliun menigkat 191,87% dibandingkan dengan          to IDR6.36 trillion in 2025, increasing by 191.87% compared
tahun 2024 yang mencapai Rp4,18 triliun. Peningkatan tersebut        to IDR4.18 trillion in 2024. This increase was primarily driven
khususnya berasal dari penambahan Fasilitas Simpanan Bank            by additional placements in Bank Indonesia Deposit Facilities
Indonesia (FASBI) Bank Indonesia sebesar Rp4,18 triliun.             (FASBI) amounting to IDR4.18 trillion.


Tabel Penempatan pada Bank Indonesia dan Bank Lain
Table of Placement with Bank Indonesia and Other Bank
                                                                                                        (dalam jutaan Rupiah / in IDR million)


                                                                          Pertumbuhan
                                                                            Growth
             Uraian                    2025              2024                                                 Description
                                                                    (Rp) / (IDR)        (%)

                                                                                                      Bank Indonesia Deposit Facility
 Fasilitas Simpanan Bank Indonesia
                                                                                                            (Fasilitas Simpanan Bank
 (FASBI)
                                                                                                                   Indonesia - FASBI)

   Bank Indonesia                    6,361,889       2,179,682       4,182,207        191.87%                         Bank Indonesia

 Total                               6,361,889       2,179,682      4,182,207        191.87%                                         Total

 Dikurangi: Cadangan kerugian                                                                      Minus: Allowance for impairment
                                              -                 -            -                -
 penurunan nilai                                                                                                             losses

 Neto                                6,361,889       2,179,682      4,182,207        191.87%                                           Net




    208                                                                                                          Laporan Tahunan 2025
Page 209
                                                                                                      PT Bank Mandiri Taspen




Efek-Efek                                                       Securities

Efek-efek tahun 2025 mencapai Rp13,02 triliun meningkat         Securities held by Bank Mandiri Taspen amounted to IDR13.02
2,28% dibandingkan dengan tahun 2024 yang mencapai              trillion in 2025, representing an increase of 2.28% compared to
Rp290,04 miliar. Peningkatan tersebut khususnya berasal dari    IDR290.04 billion in 2024. The increase was primarily driven by
obligasi Pemerintah.                                            higher holdings of government bonds.


Tabel Rincian Efek-Efek						
Table of Securities Details
                                                                                                   (dalam jutaan Rupiah / in IDR million)


                                                                     Pertumbuhan
                                                                       Growth
                Uraian               2025           2024                                                 Description
                                                               (Rp) / (IDR)        (%)

 Pihak berelasi                                                                                                    Related parties

 Biaya Perolehan Diamortisasi -
                                                                                                       Amortized Cost - Rupiah
 Rupiah

 Obligasi Pemerintah                4,174,465      4,227,396      (52,931)        (1.25%)                      Government Bonds

 Nilai Wajar melalui Penghasilan                                                                     Fair Value through Other
 Komprehensif Lain - Rupiah                                                                    Comprehensive Income - Rupiah

 Obligasi Pemerintah                5,830,452      3,925,501     1,904,951        48.53%                       Government Bonds

 Nilai Wajar melalui Laba Rugi -                                                                  Fair Value through Profit and
 Rupiah                                                                                                           Loss - Rupiah

 Obligasi Pemerintah                 101,306               -      101,306       100,00%                        Government Bonds

                                   10,106,223      8,152,897    1,953,326        23.96%

 Pihak ketiga                                                                                                            Third party

 Biaya Perolehan Diamortisasi -                                                                Amortized Cost of Acquisition -
 Rupiah                                                                                                               Rupiah

 Sekuritas Rupiah Bank Indonesia                                                               Bank Indonesia Rupiah Securities
                                     299,960       2,995,161   (2,695,201)       -89.99%
 (SRBI)                                                                                                                 (SRBI)

 Nilai Wajar melalui Penghasilan                                                                     Fair Value through Other
 Komprehensif Lain - Rupiah                                                                    Comprehensive Income - Rupiah

 Sekuritas Rupiah Bank Indonesia                                                               Bank Indonesia Rupiah Securities
                                    2,120,024      1,581,235      538,789         34.07%
 (SRBI)                                                                                                                 (SRBI)

 Nilai wajar melalui laba rugi -                                                                  Fair Value through Profit and
 Rupiah                                                                                                           Loss - Rupiah

 Sekuritas Rupiah Bank Indonesia                                                               Bank Indonesia Rupiah Securities
                                     493,125               -      493,125       100,00%
 (SRBI)                                                                                                                 (SRBI)

                                    2,913,109      4,576,396   (1,663,287)      (36.34%)

 Total - Neto                      13,019,332     12,729,293      290,039          2.28%                                 Total - Net




2025 Annual Report                                                                                                         209
Page 210
Analisis dan Pembahasan Manajemen atas Kinerja Bank
Management Discussion and Analysis of Bank Performance




Tagihan atas Efek-Efek yang Dibeli dengan Janji                       Receivables for Securities Purchased Under
Dijual Kembali                                                        Agreements to Resale

Tagihan atas efek-efek yang dibeli dengan janji dijual                Receivables from securities purchased under resale agreements
kembali tahun 2025 mencapai Rp1,01 triliun turun 20,55%               (reverse repo) amounted to IDR1.01 trillion in 2025, declining
dibandingkan dengan tahun 2024 yang mencapai Rp1,28                   by 20.55% compared to IDR1.28 trillion in 2024. The decrease
triliun. Faktor yang mempengaruhi penurunan pada instrument           was mainly attributable to reduced reverse repo transactions
reverse repo kepada Bank Indonesia.                                   with Bank Indonesia.


Kredit yang Diberikan                                                 Loans

Kredit yang diberikan tahun 2025 mencapai Rp50,53 triliun             Total loans disbursed reached IDR50.53 trillion in 2025,
meningkat 9,23% dibandingkan dengan tahun 2024 yang                   increasing by 9.23% compared to IDR46.26 trillion in 2024.
mencapai Rp46,26 triliun. Peningkatan tersebut khususnya              The growth was primarily driven by an increase in third-party
berasal dari pertumbuhan jenis kredit pihak ketiga modal kerja        working capital loans amounting to IDR2.73 trillion.
sebesar Rp2,73 triliun.


Tabel Kredit Yang Diberikan Berdasarkan Jenis Kredit
Table of Loans by Type
                                                                                                        (dalam jutaan Rupiah / in IDR million)


                                                                           Pertumbuhan
                                                                             Growth
               Uraian                  2025              2024                                                 Description
                                                                     (Rp) / (IDR)       (%)

 Pihak berelasi - Rupiah                                                                                     Related parties - Rupiah

   Modal Kerja                                 -                8             (8)    (100.00%)                      Working Capital

   Konsumsi                              15,257            15,922          (665)        (4.18%)                         Consumption

   Total                                 15,257            15,930          (673)       (4.22%)                                    Total

 Pihak ketiga- Rupiah                                                                                           Third parties - Rupiah

   Modal Kerja                      38,323,595       35,590,405       2,733,190          7.68%                      Working Capital

   Konsumsi                         12,170,408       10,615,837       1,554,571         14.64%                          Consumption

   Investasi                             21,456            39,243       (17,787)      (45.33%)                             Investment

   Total                            50,515,459      46,245,485        4,269,974          9.23%                                    Total

 Kredit yang diberikan              50,530,716       46,261,415       4,269,301          9.23%                                      Loans

 Dikurangi cadangan kerugian                                                                         Minus: Allowance for Impairment
                                      (770,429)          (817,514)       47,085         (5.76%)
 penurunan nilai                                                                                                              Losses

 Kredit yang diberikan - neto       49,760,287      45,443,901        4,316,386          9.50%                                Loans - net



Biaya Dibayar Di Muka                                                 Prepaid Expenses

Biaya dibayar di muka tahun 2025 mencapai Rp33,14 miliar              Prepaid expenses amounted to IDR33.14 billion in 2025,
naik 71,95% dibandingkan dengan tahun 2024 senilai Rp19,27            increasing by 71.95% compared to IDR19.27 billion in 2024.
miliar. Peningkatan tersebut khususnya berasal dari kenaikan          The increase was mainly attributable to higher prepaid
biaya dibayar di muka untuk pemeliharaan software senilai             expenses related to software maintenance, amounting to
Rp13,98 miliar.                                                       IDR13.98 billion.




    210                                                                                                          Laporan Tahunan 2025
Page 211
                                                                                                        PT Bank Mandiri Taspen




Tabel Biaya Dibayar Di Muka					
Table of Prepaid Expenses
                                                                                                     (dalam jutaan Rupiah / in IDR million)


                                                                       Pertumbuhan
                                                                         Growth
                 Uraian              2025            2024                                                  Description
                                                                 (Rp) / (IDR)        (%)

 Pihak Berelasi                                                                                                      Related parties

 Jasa Flagging                        1,756           1,892          (136)           (7.19%)                       Flagging services

 Pihak Ketiga                                                                                                           Third parties

 Pemeliharaan software               30,393          16,413        13,980           85.18%                   Software maintenance

 Pemeliharaan hardware                  993             773           220           28.46%                  Hardware maintenance

 Sewa                                      -            196          (196)        (100.00%)                                        Rent

 Total                               33,142          19,274        13,868           71.95%                                        Total


Aset Tetap - Neto                                                 Fixed Assets – Net

Aset tetap - neto tahun 2025 mencapai Rp570,19 miliar             Net fixed assets reached IDR570.19 billion in 2025,
meningkat sebesar 12,90% dibandingkan dengan tahun                representing an increase of 12.90% compared to IDR505.03
2024 yang mencapai Rp505,03 miliar. Peningkatan tersebut          billion in 2024. The increase was primarily driven by additions
khususnya berasal dari bertambahnya investaris kantor sebesar     to office equipment amounting to IDR102.35 billion and Right-
Rp102,35 miliar dan Aset Hak Guna Bangunan (HGB) sebesar          to-Build (HGB) assets amounting to IDR70.75 billion.
Rp70,75 miliar.


Tabel Aset Tetap							
Table of Fixed Assets
                                                                                                     (dalam jutaan Rupiah / in IDR million)


                                                                       Pertumbuhan
                                                                         Growth
                 Uraian              2025            2024                                                  Description
                                                                 (Rp) / (IDR)        (%)

 Harga Perolehan                                                                                                                   Cost

 Tanah                                 48,842         48,842              -                 -                                      Land

 Bangunan                              59,792         59,776             16           0.03%                                    Building

 Leasehold Improvements               514,815        498,525        16,290             3.27%              Leasehold Improvements

 Kendaraan                             44,681         44,715           (34)          (0.08%)                                   Vehicles

 Inventaris Kantor                    524,585        422,236       102,349           24.24%                        Office Equipment

 Total                              1,192,715      1,074,094       118,621           11.04%                                       Total

 Bangunan dalam penyelesaian           64,319               96      64,223       66,898.96%          Buildings under construction

 Aset Hak Guna Bangunan (HGB)         624,615        553,860        70,755           12.77%          Right-to-Build Assets (HGB)

                                                                                                      Right-to-Use Vehicle Assets
 Aset Hak Guna Kendaraan (HGK)        123,077        105,644         17,433          16.50%
                                                                                                                           (HGK)

 Total harga perolehan              2,004,726      1,733,694       271,032           15.63%                                 Total Cost




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Analisis dan Pembahasan Manajemen atas Kinerja Bank
Management Discussion and Analysis of Bank Performance




                                                                           Pertumbuhan
                                                                             Growth
              Uraian                   2025               2024                                                 Description
                                                                     (Rp) / (IDR)        (%)

 Akumulasi Penyusutan                                                                                      Accumulated Depreciation

 Bangunan                                26,735             24,326        2,409            9.90%                                   Building

 Leasehold Improvements                 474,625           429,927       44,698            10.40%              Leasehold Improvements

 Kendaraan                               34,543            29,888         4,655           15.57%                                   Vehicles

 Inventaris Kantor                     362,215            306,413       55,802            18.21%                       Office Equipment

 Total                                 898,118            790,554      107,564            13.61%                                      Total

                                                                                                    Accumulated Depreciation of HGB
 Akumulasi Penyusutan Aset HGB         433,628            351,853       81,775            23.24%
                                                                                                                             Assets

                                                                                                     Accumulated Depreciation of HGK
 Akumulasi Penyusutan Aset HGK         102,793             86,253       16,540            19.18%
                                                                                                                              Assets

 Total Akumulasi Penyusutan          1,434,539           1,228,660     205,879            16.76%      Total Accumulated Depreciation

 Nilai Buku                            570,187            505,034       65,153           12.90%                               Book Value



Aset Tidak Berwujud - Neto                                            Intangible Assets - Net

Aset tidak berwujud - neto tahun 2025 mencapai Rp169,12               Net intangible assets amounted to IDR169.12 billion in 2025,
miliar meningkat 31,89% dibandingkan dengan tahun 2024                increasing by 31.89% compared to IDR40.89 billion in 2024.
yang mencapai Rp40,89 miliar. Hal tersebut khususnya berasal          The increase was mainly attributable to additions in acquisition
dari bertambahnya harga perolehan aset tidak berwujud                 costs of intangible assets amounting to IDR55.97 billion.
sebesar Rp55,97 miliar.


Tabel Aset Tidak Berwujud					
Table of Intangible Assets
                                                                                                         (dalam jutaan Rupiah / in IDR million)


                                                                           Pertumbuhan
                                                                             Growth
              Uraian                   2025               2024                                                 Description
                                                                     (Rp) / (IDR)        (%)

 Harga Perolehan                       161,178            153,992         7,186          4.67%                                         Cost

 Aset tidak berwujud dalam
                                       143,646             94,866       48,780          51.42%            Intangible assets in progress
 penyelesaian

 Akumulasi Amortisasi                  135,705            120,631        15,074         12.50%              Accumulated Amortization

 Nilai Buku                            169,119           128,227        40,892          31.89%                                Book Value


Aset Lain-Lain                                                        Other Assets

Aset lain-lain tahun 2025 mencapai Rp502,82 miliar meningkat          Other assets totaled IDR502.82 billion in 2025, representing
14,34% dibandingkan dengan tahun 2024 yang mencapai                   an increase of 14.34% compared to IDR439.75 billion in 2024.
Rp439,75 miliar. Peningkatan tersebut khususnya berasal dari          The increase was primarily driven by higher accrued income
pertumbuhan pendapatan yang masih akan diterima dari pihak            from related parties amounting to IDR24.38 billion.
berelasi sebesar Rp24,38 miliar.




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                                                                                                      PT Bank Mandiri Taspen




Tabel Aset Lain-Lain							
Table of other Assets
                                                                                                   (dalam jutaan Rupiah / in IDR million)


                                                                     Pertumbuhan
                                                                       Growth
                Uraian               2025           2024                                                 Description
                                                               (Rp) / (IDR)        (%)

 Pihak Berelasi                                                                                                    Related Parties

   Pendapatan yang masih akan
                                     178,436       154,058        24,378          15.82%          Accrued interest receivables
   diterima

   Lain-lain - neto                    3,102          1,448        1,654         114.23%                             Others - net

 Pihak Ketiga                                                                                                         Third Parties

   Pendapatan yang masih akan
                                     266,233       249,236        16,997           6.82%          Accrued interest receivables
   diterima

   Lain-lain - neto                   55,053         35,006       20,047          57.27%                             Others - net

 Total                               502,824       439,748        63,076          14.34%                                        Total



Liabilitas                                                      Liabilities

Liabilitas tahun 2025 mencapai Rp63,62 triliun meningkat        Total liabilities of Bank Mandiri Taspen reached IDR63.62
8,86% dibandingkan dengan tahun 2024 yang mencapai              trillion in 2025, representing an increase of 8.86% compared to
Rp58,44 triliun. Peningkatan tersebut khususnya berasal dari    IDR58.44 trillion in 2024. The increase was primarily driven by
Surat Berharga yang diterbitkan sebesar 124,79% atau Rp1,50     growth in issued securities, which rose by 124.79% or IDR1.50
triliun.                                                        trillion.


Liabilitas Segera                                               Liabilities Due Immediately

Liabilitas segera tahun 2025 mencapai Rp58,18 miliar menurun    Immediate liabilities amounted to IDR58.18 billion in 2025,
93,25% dibandingkan dengan tahun 2024 yang mencapai             declining significantly by 93.25% from IDR862.20 billion in
Rp862,20 miliar. Penurunan tersebut khususnya berasal dari      2024. The decrease was mainly attributable to a reduction in
liabilitas dana pensiun sebesar Rp798,70 miliar.                pension fund-related liabilities amounting to IDR798.70 billion.


Tabel Liabilitas Segera							
Table of Liabilities Due Immediately
                                                                                                   (dalam jutaan Rupiah / in IDR million)


                                                                     Pertumbuhan
                                                                       Growth
                Uraian               2025           2024                                                 Description
                                                               (Rp) / (IDR)        (%)

 Setoran dan transfer                 43,486         49,419        (5,933)        (12.01%)                   Deposit and transfer

 Liabilitas premi asuransi atas                                                                  Insurance premium liabilities for
                                      11,657          9,062         2,595          28.64%
 kredit yang diberikan                                                                                                      loans

 Liabilitas Jaminan Hari Tua (JHT)
                                       1,180          1,091            89           8.16%                  Pension plan liabilities
 Pensiun

 Liabilitas asuransi kesehatan         1,284          1,229            55           4.48%             Health insurance liabilities

 Liabilitas dana pensiun                507        799,205       (798,698)       (99.94%)                 Pension funds liabilities

 Liabilitas jamsostek                    65           2,198        (2,133)        (97.04%)                    Jamsostek liabilities

 Total                                58,179       862,204      (804,025)        (93.25%)                                       Total




2025 Annual Report                                                                                                          213
Page 214
Analisis dan Pembahasan Manajemen atas Kinerja Bank
Management Discussion and Analysis of Bank Performance




Simpanan dari Nasabah                                                  Customer Deposits

Simpanan dari nasabah tahun 2025 mencapai Rp55,03 triliun              Deposits from customers totaled IDR55.03 trillion in 2025,
meningkat 6,19% dibandingkan dengan tahun 2024 yang                    increasing by 6.19% compared to IDR48.82 trillion in 2024.
mencapai Rp48,82 triliun. Peningkatan tersebut khususnya               The increase was primarily driven by growth in time deposits
berasal dari pertumbuhan deposito berjangka sebesar Rp4,78             amounting to IDR4.78 trillion.
triliun.


Tabel Simpanan Nasabah						
Table of Customer Deposits
                                                                                                         (dalam jutaan Rupiah / in IDR million)


                                                                            Pertumbuhan
                                                                              Growth
              Uraian                     2025             2024                                                 Description
                                                                      (Rp) / (IDR)       (%)

 Giro                                     434,920         1,025,796     (590,876)      (57.60%)                        Current Accounts

 Tabungan                              12,392,749        10,372,334    2,020,415        19.48%                           Saving Deposits

 Deposito berjangka                    42,202,904        37,426,417    4,776,487        12.76%                             Time Deposits

 Total                                 55,030,573       48,824,547     6,206,026        12.71%                                        Total




Simpanan dari Bank Lain                                                Deposits from Other Banks

Simpanan dari bank lain tahun 2025 mencapai Rp49,79 miliar             Deposits from other banks amounted to IDR49.79 billion in
menurut 93,41% dibandingkan dengan tahun 2024 yang                     2025, declining by 93.41% compared to IDR755.05 billion in
mencapai Rp755,05 miliar. Penurunan tersebut khususnya                 2024. The decrease was mainly due to the absence/reduction of
berasal dari terdapatnya interbank call money senilai Rp700 miliar.    interbank call money transactions amounting to IDR700 billion.


Tabel Simpanan Dari Bank Lain					
Tables of Deposits from other Banks
                                                                                                         (dalam jutaan Rupiah / in IDR million)


                                                                            Pertumbuhan
                                                                              Growth
              Uraian                     2025             2024                                                 Description
                                                                      (Rp) / (IDR)       (%)

 Pihak Ketiga - Rupiah                                                                                           Third Parties - Rupiah

 Giro                                    22,971            12,434        10,537          84.74%                         Current Acounts

 Tabungan                                15,818            16,119          (301)        (1.87%)                          Saving Deposits

 Interbank call money                          -          700,000      (700,000)      (100.00%)                    Interbank call money

 Deposito berjangka                      11,000            26,500       (15,500)       (58.49%)                             Time Deposit

 Total                                   49,789           755,053      (705,264)       (93.41%)                                       Total




Utang Pajak                                                            Tax Payables

Utang pajak tahun 2025 mencapai Rp50,07 miliar menurun                 Tax payables amounted to IDR50.07 billion in 2025, decreasing
4,33% dibandingkan dengan tahun 2024 yang mencapai                     by 4.33% compared to IDR52.34 billion in 2024. The decline
Rp52,34 miliar. Penurunan tersebut khususnya berasal dari              was primarily attributable to a decrease in income tax payable
menurunnya utang pajak penghasilan pasal 4 ayat 2 sebesar              under Article 4(2) amounting to IDR1.05 billion.
Rp1,05 miliar.




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Tabel Utang Pajak							
Table of Tax Payable
                                                                                                    (dalam jutaan Rupiah / in IDR million)


                                                                       Pertumbuhan
                                                                         Growth
              Uraian                  2025          2024                                                  Description
                                                                 (Rp) / (IDR)       (%)

 Pajak Penghasilan:                                                                                                      Income Tax:

 Pasal 4 ayat 2                       27,711        28,759         (1,048)         (3.64%)                               Article 4 (2)

 Pasal 21                               2,047        2,266           (219)        (9.66%)                                   Article 21

 Pasal 23                                976           963              13          1.35%                                   Article 23

 Pasal 25                             14,802        15,454           (652)         (4.22%)                                  Article 25

 Pasal 26                                   1            1               -                -                                 Article 26

 Pasal 29                               3,628        4,056           (428)       (10.55%)                                   Article 29

 Pajak Pertambahan Nilai                 907           837              70          8.36%                          Value Added Tax

 Total                                50,072        52,336         (2,264)        (4.33%)                                        Total


Surat Berharga yang Diterbitkan                                   Securities Issued

Nilai surat berharga yang diterbitkan tahun 2025 meningkat        Issued securities increased by 124.79% or IDR1.50 trillion,
sebesar 124,79% atau Rp1,50 miliar dari Rp1,20 triliun di         from IDR1.20 trillion in 2024 to IDR2.69 trillion in 2025. The
tahun 2024 menjadi Rp2,69 triliun di 2025. Peningkatan            increase was mainly driven by the issuance of Sustainable
tersebut disebabkan adanya p Obligasi Berkelanjutan II Tahap      Bonds II Phase I in 2025.
I tahun 2025.


Tabel Surat Berharga Yang Diterbitkan
Table of Securities Issued			
                                                                                                    (dalam jutaan Rupiah / in IDR million)


                                                                       Pertumbuhan
                                                                         Growth
              Uraian                  2025          2024                                                  Description
                                                                 (Rp) / (IDR)       (%)

 Obligasi Berkelanjutan I Tahap II   1,200,000    1,200,000                  -            -           Continuing Bonds I Phase II

 Obligasi Berkelanjutan II Tahap I   1,500,000               -    1,500,000       100,00%             Continuing Bonds II Phase I

 Dikurangi:                                                                                                                       Less:

 Beban emisi yang belum
                                                                                                     Unamortized issuance costs:
 diamortisasi:

   Saldo awal                              907         2,435         (1,528)      (62.75%)                    Beginning balance

   Penambahan                            5,238               -        5,238       100,00%                                 Addition

   Amortisasi                           (1,561)      (1,528)            (33)         2.16%                          Amortization

                                         4,584          907           3,677       405.40%

 Total                               2,695,416    1,199,093       1,496,323       124.79%                                        Total




2025 Annual Report                                                                                                           215
Page 216
Analisis dan Pembahasan Manajemen atas Kinerja Bank
Management Discussion and Analysis of Bank Performance




Liabilitas Imbalan Pasca Kerja                                      Post-Employment Benefit Liabilities

Liabilitas imbalan pasca kerja tahun 2025 mencapai Rp306,61         Post-employment benefit liabilities amounted to IDR306.61
miliar, menurun 10,82% dibandingkan dengan tahun 2024 yang          billion in 2025, decreasing by 10.82% compared to IDR343.82
mencapai Rp343,82 miliar. Penurunan tersebut khususnya              billion in 2024. The decrease was primarily due to a reduction in
berasal dari menurunnya liabilitas kerja jangka pendek sebesar      short-term employee benefit liabilities amounting to IDR53.52
Rp53,52 miliar.                                                     billion.


Liabilitas Imbalan Kerja						
Table of Employee Benefit Liabilities
                                                                                                        (dalam jutaan Rupiah / in IDR million)


                                                                         Pertumbuhan
                                                                           Growth
              Uraian                   2025              2024                                                 Description
                                                                   (Rp) / (IDR)         (%)

 Liabilitas kerja jangka pendek:       209,959           263,483     (53,524)        (20.31%)      Short-term employment liabilities:

 Imbalan pasca kerja:                                                                                     Post-employment benefits:

 Liabilitas program imbalan pasti       78,572            63,967      14,605          22.83%           Defined benefit plan liabilities

 Liabilitas jangka panjang lainnya      18,076            16,366        1,710         10.45%                Other long-term liabilities

 Total                                 306,607           343,816     (37,209)        (10.82%)                                        Total



Liabilitas Lain-Lain                                                Other Liabilities

Liabilitas lain-lain tahun 2025 mencapai Rp106,87 miliar            Other liabilities totaled IDR106.87 billion in 2025, declining by
menurun 8,17% dibandingkan dengan tahun 2024 yang                   8.17% compared to IDR116.38 billion in 2024. The decrease
mencapai Rp116,38 miliar. Penurunan tersebut khususnya              was mainly attributable to a reduction in unallocated insurance
berasal dari penerimaan klaim asuransi yang belum dialokasikan      claim receipts amounting to IDR27.08 billion.
sebesar Rp27,08 miliar.


Liabilitas Lain-Lain							
Table of Other Liabilities
                                                                                                        (dalam jutaan Rupiah / in IDR million)


                                                                         Pertumbuhan
                                                                           Growth
              Uraian                   2025              2024                                                 Description
                                                                   (Rp) / (IDR)         (%)

 Utang kepada pihak ketiga              45,342            52,663       (7,321)       (13.90%)                  Payable to third parties

 Titipan penyelesaian transaksi         45,241            13,689       31,552        230.49%               Settlement of transactions

 Utang jasa profesional                 12,504            14,919       (2,415)       (16.19%)       Payable for professional services

 Utang jasa flagging                     2,629             6,133       (3,504)        (57.13%)            Payable for flagging service

 Penerimaan klaim asuransi yang                                                                      Receipt of insurance claims that
                                           381            27,462      (27,081)       (98.61%)
 belum dialokasikan                                                                                          have not been allocated

 Lain-lain                                 775             1,519         (744)       (48.98%)                                      Others

 Total                                 106,872           116,385       (9,513)        (8.17%)                                        Total




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Ekuitas                                                           Equity

Ekuitas tahun 2025 mencapai Rp9,39 triliun meningkat              Total equity reached IDR9.39 trillion in 2025, representing
20,64% dibandingkan dengan tahun 2024 yang mencapai               an increase of 20.64% compared to IDR7.79 trillion in 2024.
Rp7,79 triliun. Peningkatan tersebut khususnya berasal dari       The increase was primarily driven by higher retained earnings,
peningkatan saldo laba yang belum ditentukan penggunaannya        particularly unappropriated retained earnings amounting to
sebesar Rp1,42 triliun.                                           IDR1.42 trillion.


Modal Ditempatkan dan Disetor Penuh                               Issued and Fully Paid-In Capital

Modal ditempatkan dan disetor penuh tahun 2025 dan 2024           Issued and fully paid capital remained unchanged at IDR819.30
tidak mengalami perubahan yang mencapai Rp819,30 miliar           billion in both 2025 and 2024.


Tambahan Modal Disetor                                            Additional Paid in Capital

Tambahan modal disetor tahun 2025 dan 2024 tidak mengalami        Additional paid-in capital remained unchanged at IDR1.35
perubahan yang mencapai Rp1,35 triliun.                           trillion in both 2025 and 2024.


Pengukuran Kembali Atas Liabilitas Imbalan Kerja -                Remeasurement of Employee Benefit Liabilities -
Setelah Pajak                                                     After Tax

Pengukuran kembali atas liabilitas imbalan kerja setelah pajak    Remeasurement of employee benefit liabilities (net of tax)
tahun 2025 mencapai minus Rp20, miliar menurun 14,20%             amounted to negative IDR20 billion in 2025, representing a
dibandingkan dengan tahun 2024 yang mencapai minus                decrease of 14.20% compared to negative IDR18.35 billion in
Rp18,35 miliar. Hal tersebut disebabkan oleh penambahan           2024. This was attributable to an increase in post-employment
imbalan pascakerja sebesar Rp3 miliar.                            benefits amounting to IDR 3 billion.


Saldo Laba                                                        Retained Earnings

Saldo laba tahun 2025 mencapai Rp7,14 triliun meningkat           Retained earnings amounted to IDR7.14 trillion in 2025,
25,64% dibandingkan dengan tahun 2024 yang mencapai               increasing by 25.64% compared to IDR5.72 trillion in 2024.
Rp5,72 triliun. Peningkatan tersebut khususnya berasal            The increase was primarily driven by growth in unappropriated
dari pertumbuhan saldo laba yang belum ditentukan                 retained earnings amounting to IDR1.42 trillion.
penggunaannya sebesar Rp1,42 triliun.


Tabel Saldo Laba							
Table of Retained Earning
                                                                                                    (dalam jutaan Rupiah / in IDR million)


                                                                       Pertumbuhan
                                                                         Growth
              Uraian                  2025            2024                                                Description
                                                                 (Rp) / (IDR)       (%)

 Sudah ditentukan penggunaannya      163,861         163,861               -              -                            Appropriated

 Belum ditentukan penggunaannya     6,974,665      5,551,340     1,423,325         25.64%                           Unappropriated

 Saldo laba                         7,138,526      5,715,201     1,423,325        25.64%                        Retained Earnings




2025 Annual Report                                                                                                           217
Page 218
Analisis dan Pembahasan Manajemen atas Kinerja Bank
Management Discussion and Analysis of Bank Performance




Laporan Laba Rugi dan Penghasilan                                     Income Statement and Other
Komprehensif Lain                                                     Comprehensive Income

Tabel Laporan Laba Rugi dan Penghasilan Komprehensif Lain
Table of Income Statement and Other Comprehensive Income
                                                                                                       (dalam jutaan Rupiah / in IDR million)


                                                                           Pertumbuhan
                                                                             Growth
                Uraian                  2025              2024                                               Description
                                                                     (Rp) / (IDR)      (%)

 PENDAPATAN DAN BEBAN OPERASIONAL                                                         OPERATIONAL INCOME AND EXPENSES

 Pendapatan bunga                      6,574,099         6,198,332     375,767         6.06%                            Interest income

 Beban bunga                          (2,908,589)    (2,756,746)      (151,843)        5.51%                         Interest expenses

 Pendapatan bunga - neto               3,665,510         3,441,586     223,924         6.51%                    Interest income - net

 Pendapatan operasional lainnya          416,760          420,966       (4,206)       (1.00%                 Other operating income

 Pembentukan cadangan kerugian
                                        (213,601)         (47,299)    (166,302)      351.60%        Provision for impairment losses
 penurunan nilai

 Beban operasional lainnya                                                                                Other operating expenses

 Tenaga kerja                          (893,689)         (872,052)     (21,637)        2.48%                                     Salaries

 Umum dan administrasi                  (934,174)        (891,946)     (42,228)        4.73%             General and administrative

 Kerugian atas perubahan nilai                                                                    Losses on changes in fair value of
                                          (1,179)                -      (1,179)     (100.00%)
 wajar efek-efek - neto                                                                                            securities - net

 Total Beban Operasional Lainnya      (1,829,042)    (1,763,998)       (65,044)        3.69%       Total Other Operating Expenses

 LABA OPERASIONAL                      2,039,627         2,051,255     (11,628)       (0.57%                OPERATIONAL PROFIT

 Pendapatan (beban) non                                                                           Non operating income (expenses)
                                           1,453          (11,622)      13,075      (112.50%
 operasional - neto                                                                                                         - net

                                                                                                              INCOME BEFORE TAX
 LABA SEBELUM BEBAN PAJAK              2,041,080         2,039,633       1,447         0.07%
                                                                                                                      EXPENSES

 Beban pajak - neto                    (460,000)         (462,083)       2,083        (0.45%                        Tax expenses - net

 LABA TAHUN BERJALAN                   1,581,080         1,577,550       3,530         0.22%               INCOME FOR THE YEAR

 PENGHASILAN KOMPREHENSIF LAIN                                                                  OTHER COMPREHENSIVE INCOME

 Pos-pos yang tidak akan                                                                          Items that will not be reclassified
 direklasifikasi ke laba rugi:                                                                                      to profit or loss:

 Pengukuran kembali atas liabilitas                                                               Remeasurement of post employee
                                          (3,191)          16,995      (20,186)     (118.78%
 imbalan kerja                                                                                                 benefits liabilities

 Pajak penghasilan terkait                   702           (3,739)        4,441     (118.78%                       Related income tax

 Total                                    (2,489)          13,256      (15,745)     (118.78%                                         Total

 Pos-pos yang akan direklasifikasi                                                                 Items that will be reclassified to
 ke laba rugi:                                                                                                         profit or loss:

 Keuntungan (kerugian) neto yang
                                                                                                    Unrealized profit (loss) from the
 belum direalisasi dari peningkatan
                                         239,026         (100,726)     339,752      (337.30%     increase (decrease)in the fair value
 (penurunan) nilai wajar efek-efek
                                                                                                      of available-forsale securities
 yang tersedia untuk dijual

 Pajak penghasilan terkait               (52,586)           22,160     (74,746)     (337.30%                       Related income tax

 Total                                   186,440          (78,566)     265,006      (337.30%                                         Total




     218                                                                                                        Laporan Tahunan 2025
Page 219
                                                                                                                             PT Bank Mandiri Taspen




                                                                                            Pertumbuhan
                                                                                              Growth
                Uraian                                 2025         2024                                                       Description
                                                                                  (Rp) / (IDR)            (%)

 Penghasilan (kerugian)
                                                                                                                         Other comprehensive income
 komprehensif lain tahun berjalan                      183,951      (65,310)         249,261        (381.66%
                                                                                                                          (loss) for the year – after tax
 - setelah pajak

 TOTAL PENGHASILAN
                                                                                                                            TOTAL COMPREHENSIVE
 KOMPREHENSIF TAHUN                                1,765,031       1,512,240         252,791           16.72%
                                                                                                                             INCOME FOR THE YEAR
 BERJALAN

 LABA PER SAHAM DASAR (nilai                                                                                            BASIC EARNINGS PER SHARE
                                                        964.89       962.74                  2            0.22%
 penuh)                                                                                                                               (full amount)




     Grafik Laporan Laba Rugi dan Penghasilan Komprehensif Lain
     Graph of Income Statement and Other Comprehensive Income
     (dalam triliun Rupiah / in trillions of Rupiah)

           3.44          3.67                  0.42       0.42          2.05       2.04            1.58         1.58           1.51       1.77




                                                                                                                                Penghasilan
                                          Pendapatan Operasional                                                             Komprehensif Tahun
      Pendapatan Bunga Neto                                            Laba Operasional           Laba Tahun Berjalan
                                                 Lainnya                                                                          Berjalan
        Interest Income - Net                                          Operational Profit         Income for the Year
                                          Other Operating Income                                                            Comprehensive Income
                                                                                                                                for the Year


                                                                        2024         2025




Pendapatan Bunga - Neto                                                            Interest Income - Net

Pendapatan bunga – neto tahun 2025 mencapai Rp3,66 triliun                         Net interest income of Bank Mandiri Taspen reached IDR3.66
meningkat 6,51% dibandingkan dengan tahun 2024 yang                                trillion in 2025, representing an increase of 6.51% compared to
mencapai Rp3,44 triliun. Peningkatan tersebut khususnya                            IDR3.44 trillion in 2024. The increase was primarily driven by
berasal dari pertumbuhan pendapatan bunga sebesar                                  higher interest income amounting to IDR375.77 billion.
Rp375,77 miliar.

Pendapatan Bunga                                                                   Interest Income

Pendapatan bunga tahun 2025 mencapai Rp6,57 triliun                                Interest income totaled IDR6.57 trillion in 2025, increasing
meningkat 6,06% dibandingkan dengan tahun 2024 yang                                by 6.06% compared to IDR6.20 trillion in 2024. The growth
mencapai Rp6,20 triliun. Peningkatan tersebut khususnya                            was mainly attributable to higher interest income from loans
berasal dari pertumbuhan pendapatan bunga kredit yang                              amounting to IDR352.36 billion.
diberikan sebesar Rp352,36 miliar.




2025 Annual Report                                                                                                                               219
Page 220
Analisis dan Pembahasan Manajemen atas Kinerja Bank
Management Discussion and Analysis of Bank Performance




Tabel Pendapatan Bunga						
Table of Interest Income
                                                                                                         (dalam jutaan Rupiah / in IDR million)


                                                                           Pertumbuhan
                                                                             Growth
                   Uraian              2025               2024                                                 Description
                                                                     (Rp) / (IDR)        (%)

 Kredit yang diberikan                5,586,935          5,234,577     352,358           6,73%                                       Loans

 Efek-efek                             744,844            632,325      112,519          17,79%                                   Securities

 Efek-efek yang dibeli dengan janji                                                                        Securities purchased under
                                       148,547            223,078      (74,531)        (33,41%)
 dijual kembali                                                                                                    agreement to resell

 Giro dan penempatan di Bank                                                                          Current account and placements
                                         71,603            92,966      (21,363)       (22,98%)
 Indonesia                                                                                                       with Bank Indonesia

                                                                                                       Current account and placement
 Giro dan penempatan di bank lain        22,170            15,386         6,784         44.09%
                                                                                                                    with other banks

 Total                                6,574,099          6,198,332     375,767           6.06%                                        Total



Beban Bunga                                                           Interest Expense

Beban bunga tahun 2025 mencapai Rp2,91 triliun meningkat              Interest expense amounted to IDR2.91 trillion in 2025,
5,58% dibandingkan dengan tahun 2024 yang mencapai                    increasing by 5.58% compared to IDR2.76 trillion in 2024. The
Rp2,76 triliun. Peningkatan tersebut berasal dari kenaikan            increase was primarily driven by higher interest expense on
beban bunga deposito yang diterima sebesar Rp220,08 miliar.           time deposits amounting to IDR220.08 billion.


Tabel Beban Bunga							
Table of Interest Expenses
                                                                                                         (dalam jutaan Rupiah / in IDR million)


                                                                           Pertumbuhan
                                                                             Growth
                   Uraian              2025               2024                                                 Description
                                                                     (Rp) / (IDR)        (%)

 Deposito                             2,282,122          2,062,040     220,082          10.67%                                    Deposits

 Pinjaman yang diterima                330,020            393,813      (63,793)       (16.20%)                                Borrowings

 Tabungan                               137,066           143,024       (5,958)         (4.17%)                        Savings Accounts

 Surat berharga yang diterbitkan        140,101           132,991         9,110          6.85%                          Securities issued

 Interbank Call Money                    12,126            12,853         (727)         (5.66%)                    Interbank Call Money

 Giro                                     6,646              6,423         223           3.47%                           Current account

 Repo                                       508              5,602      (5,094)       (90.93%)                                        Repo

 Total                                2,908,589          2,756,746     153,843           5.58%                                        Total

*) Setelah reklasifikasi
*) Reclassified



Pendapatan Operasional Lainnya                                        Other Operational Income

Pendapatan operasional lainnya tahun 2025 mencapai                    Other operating income reached IDR416.70 billion in 2025,
Rp416,70 miliar menurun 1,00% dibandingkan dengan tahun               representing a decrease of 1.00% compared to IDR420.97
2024 yang mencapai Rp420,97 miliar. Penurunan tersebut                billion in 2024. The decline was mainly due to lower recoveries
khususnya berasal dari penurunan penerimaan pokok kredit              from written-off loans amounting to IDR45.57 billion.
hapus buku sebesar Rp45,57 miliar.




      220                                                                                                         Laporan Tahunan 2025
Page 221
                                                                                                      PT Bank Mandiri Taspen




Tabel Pendapatan Operasional Lainnya
Table of Other Operating Income
                                                                                                   (dalam jutaan Rupiah / in IDR million)


                                                                     Pertumbuhan
                                                                       Growth
              Uraian                 2025           2024                                                 Description
                                                               (Rp) / (IDR)        (%)

 Pendapatan jasa administrasi dan                                                               Income from administration and
                                    164,522         136,479       28,043          20.55%
 asuransi                                                                                                   insurance services

 Penerimaan pokok kredit hapus
                                    110,627        156,200       (45,573)       (29.18%)                 Recovery from write-off
 buku

                                                                                                          Income from e-channel
 Pendapatan transaksi e-channel      59,353          50,921         8,432         16.56%
                                                                                                                     transaction

 Pendapatan denda dan penalti
                                                                                                Fines and penalties income from
 dari pelunasan kredit sebelum       30,221          44,264                     (31.73%)
                                                                 (14,043)                                      loan prepayment
 jatuh tempo

 Pendapatan administrasi                                                                               Administration income on
                                     11,701           8,653                       35.22%
 simpanan nasabah                                                  3,048                                    customer’s deposit

 Keuntungan penjualan efek-efek        9,170          1,355         7,815        576.75%                Gain on sale of securities

 Pendapatan atas transaksi dari                                                                      Income from transaction on
                                       6,826          5,123                       33.24%
 simpanan nasabah                                                   1,703                                    customer’s deposit

 Pendapatan dari penalti tabungan                                                               Income from penalties of saving
                                       6,383          5,628          755          13.42%
 dan deposito berjangka                                                                                      and time deposits

 Penerimaan kembali atas bunga                                                                Recovery of interest from written-
                                       1,259          1,784         (525)       (29.43%)
 kredit yang telah dihapusbukukan                                                                                      off loans

 Lain-lain                           16,698          10,559         6,139         58.14%                                      Others

 Total                              416,760        420,966        (4,206)        (1.00%)                                        Total




Beban Operasional Lainnya                                       Other Operating Expenses

Beban operasional lainnya tahun 2025 mencapai Rp1,83 triliun    Other operating expenses amounted to IDR1.83 trillion in
meningkat 3,69% dibandingkan dengan tahun 2024 yang             2025, increasing by 3.69% compared to IDR1.76 trillion in
mencapai Rp1,76 triliun. Peningkatan tersebut khususnya         2024. The increase was primarily attributable to higher general
berasal dari kenaikan beban umum dan administrasi sebesar       and administrative expenses amounting to IDR42.23 billion.
Rp42,23 miliar.


Laba Operasional                                                Operating Income

Laba operasional tahun 2025 mencapai Rp2,04 triliun             Operating profit reached IDR2.04 trillion in 2025, slightly
menurun 0,57% dibandingkan dengan tahun 2024 yang               decreasing by 0.57% compared to IDR2.05 trillion in 2024. The
mencapai Rp2,05 miliar. Hal tersebut khususnya berasal dari     decline was mainly driven by higher allowance for impairment
meningkatnya pembentukan cadangan kerugian penurunan            losses amounting to IDR166.30 billion.
nilai sebesar Rp166,30 miliar.


Pendapatan Non Operasional - Neto                               Non-Operating Income (Expenses) - Net  

Pendapatan non operasional - neto tahun 2025 mencapai           Net non-operating income amounted to IDR1.45 billion in
Rp1,45 miliar meningkat 112,50% dibandingkan dengan tahun       2025, increasing by 112.50% compared to a net non-operating
2024 yang mencatatkan beban non operasional - neto sebesar      expense of IDR11.62 billion in 2024. The improvement was
Rp11,62 miliar. Hal tersebut khususnya berasal dari kenaikan    mainly driven by higher other non-operating income amounting
pendapatan non operasional lainnya sebesar Rp12,41 miliar.      to IDR12.41 billion.




2025 Annual Report                                                                                                          221
Page 222
Analisis dan Pembahasan Manajemen atas Kinerja Bank
Management Discussion and Analysis of Bank Performance




Tabel Pendapatan (Beban) Non Operasional - Neto
Table of Non-Operating Income (Expenses) - Net
                                                                                                       (dalam jutaan Rupiah / in IDR million)


                                                                          Pertumbuhan
                                                                            Growth
                Uraian                 2025               2024                                               Description
                                                                    (Rp) / (IDR)       (%)

 Sumbangan                             (2,431)            (2,981)        550          (18.45%)                                Donations

 Kegiatan olahraga dan kesenian        (1,027)            (1,173)        146          (12.45%)              Sports and arts activities

 Banten, sesari                          (584)              (564)        (20)           3.55%                            Banten, sesari

 Keuntungan (kerugian) penjualan
                                                                                                  Profit (loss) on sale and disposal of
 dan pelepasan aset tetap dan                -                 7           (7)       (100.00%)
                                                                                                            fixed assets and inventory
 inventaris

 Lainnya - neto                         5,495             (6,911)     12,406         (179.51%)                              Others - net

 Total - neto                           1,453            (11,622)      13,075       (112.50%)                                 Total - net


Laba Sebelum Beban Pajak                                             Income Before Tax Expenses

Laba sebelum pajak tahun 2025 mencapai Rp2,04 triliun                Income before tax reached IDR2.04 trillion in 2025, increasing
meningkat 0,07% dibandingkan dengan tahun 2024 yang                  marginally by 0.07% compared to IDR2.039 trillion in 2024.
mencapai Rp2,039 triliun. Peningkatan laba sejalan dengan            The increase was in line with higher interest income amounting
peningkatan pendapatan bunga sebesar Rp223,93 miliar.                to IDR223.93 billion.


Beban Pajak                                                          Tax Expenses

Beban pajak tahun 2025 mencapai Rp460,00 miliar menurun              Tax expense amounted to IDR460.00 billion in 2025, decreasing
0,45% dibandingkan dengan tahun 2024 yang mencapai                   by 0.45% compared to IDR462.08 billion in 2024. The decrease
Rp462,08 miliar. Hal ini sejalan dengan penurunan pajak              was mainly attributable to a reduction in deferred tax expense
tangguhan sebesar Rp2,08 miliar.                                     amounting to IDR2.08 billion.


Tabel Beban Pajak - Neto						
Table of tax Expense - Net
                                                                                                       (dalam jutaan Rupiah / in IDR million)


                                                                          Pertumbuhan
                                                                            Growth
                Uraian                 2025               2024                                               Description
                                                                    (Rp) / (IDR)       (%)

 Beban pajak kini dari                                                                                         Current tax expense of

   Pajak kini                         385,848             371,373      14,475          3.90%                            Current year

   Tahun lalu dari hasil
                                              -             1,770      (1,770)      (100.00%)      Last year from tax audit results
   pemeriksaan pajak

 Pajak tangguhan                        74,152             88,940     (14,788)       (16.63%)                              Deffered tax

 Total                                460,000            462,083       (2,083)        (0.45%)                                       Total




    222                                                                                                         Laporan Tahunan 2025
Page 223
                                                                                                         PT Bank Mandiri Taspen




Laba Tahun Berjalan                                               Income for the Year

Laba tahun berjalan mengalami peningkatan 0,22% dari              Income for the year increased by 0.22%, from IDR1.577 trillion
Rp1,577 triliun di tahun 2024 menjadi Rp1,581 triliun di tahun    in 2024 to IDR1.581 trillion in 2025. The increase was primarily
2025. Hal tersebut karena meningkatnya jumlah pendapatan          driven by higher interest income, which rose by IDR375.77
bunga yaitu sebesar Rp375,77 miliar di tahun 2025 yang            billion in 2025 compared to IDR6.20 trillion in 2024.
sebelumnya sebesar Rp6,20 triliun di tahun 2024.


Penghasilan (Kerugian) Komprehensif Lain                          Other Comprehensive Income (Loss) for the Year
Tahun Berjalan - Setelah Pajak                                    – After Tax

Penghasilan komprehensif lain tahun berjalan - setelah pajak      Other comprehensive income for the year, after tax, amounted
tahun 2025 mencapai Rp183,95 miliar meningkat 381,66%             to IDR183.95 billion in 2025, increasing by 381.66% compared
dibandingkan dengan tahun 2024 yang mencatatkan kerugian          to a loss of IDR65.31 billion in 2024.
sebesar Rp65,31 miliar.


Total Penghasilan Komprehensif Tahun Berjalan                     Total Comprehensive Income for the Year

Total penghasilan komprehensif tahun berjalan mengalami           Total comprehensive income increased by 16.72%, from
peningkatan 16,72% dari Rp1,51triliun di tahun 2024 menjadi       IDR1.51 trillion in 2024 to IDR1.77 trillion in 2025. The increase
Rp1,77 di tahun 2025. Peningkatan tersebut sejalan dengan         was in line with the improvement in profit for the year.
meningkatnya laba tahun berjalan.


Laba Per Lembar Saham                                             Basic Earnings Per Share

Laba per saham dasar dihitung dengan membagi laba tahun           Basic earnings per share are calculated by dividing profit for
berjalan dengan rata-rata tertimbang jumlah saham biasa           the year by the weighted average number of ordinary shares
yang beredar pada tahun bersangkutan. Laba per saham dasar        outstanding during the period. Basic earnings per share in 2025
tahun 2025 mencapai Rp964,89 mengalami peningkatan                amounted to IDR964.89, increasing from IDR962.74 in 2024.
dibandingkan dengan tahun 2024 yang mencapai Rp962,74.


Laporan Arus Kas                                                  Cash Flow Report

Tabel Laporan Arus Kas							
Table of Cash Flow Report
                                                                                                      (dalam jutaan Rupiah / in IDR million)



                                                                       Pertumbuhan
                                                                         Growth
             Uraian                   2025            2024                                                  Description

                                                                 (Rp) / (IDR)         (%)


 ARUS KAS DARI AKTIVITAS OPERASI                                                     CASH FLOW FROM OPERATING ACTIVITIES

 Penerimaan dari pendapatan
                                      6,518,595     6,191,172       327,423            5.29%          Receipts from interest income
 bunga

 Pembayaran beban bunga             (2,880,909)    (2,754,273)      126,636            4.60%          Payment of interest expenses

 Penerimaan pendapatan
                                        413,401       431,935       (18,534)         (4.29%)      Receipt of other operating income
 operasional lainnya




2025 Annual Report                                                                                                            223
Page 224
Analisis dan Pembahasan Manajemen atas Kinerja Bank
Management Discussion and Analysis of Bank Performance




                                                                           Pertumbuhan
                                                                             Growth
               Uraian                  2025               2024                                             Description

                                                                     (Rp) / (IDR)     (%)


 Pembayaran beban tenaga kerja          (934,073)        (912,580)       21,493        2.36%          Payment of salaries expense

 Pembayaran beban umum dan                                                                                 Payment of general and
                                       (676,290)         (674,512)        1,777        0.26%
 administrasi                                                                                              administrative expenses

 Penerimaan (pembayaran)
                                                                                                         Receipt (payment) of non-
 pendapatan non operasional –              1,249           (4,455)        5,704      128.04%
                                                                                                          operational income – net
 netto

 Pembayaran pajak penghasilan
                                       (386,928)         (390,759)        3,831       (0.98%)    Payment of corporate income tax
 badan

 Arus kas operasional sebelum
                                                                                                     Cash flow before changes in
 perubahan atas aset dan liabilitas    2,055,045         1,886,528      168,518        8.93%
                                                                                                   operating assets and liabilities
 operasi

 (Kenaikan)/penurunan aset                                                                        (Increase)/decrease in operating
 operasi:                                                                                                                  assets:

   Efek-efek diukur pada nilai                                                                   Securities are measured at fair
                                        (639,755)                -     (639,755)    (100.00%)
   wajar melalui laba rugi                                                                          value through profit or loss

   Efek-efek yang dibeli dengan                                                                      Securities purchased under
                                         262,086         5,201,686   (4,939,600)     (94.96%)
   janji dijual kembali                                                                                      agreement to resell

   Kredit yang diberikan              (4,529,985)    (5,236,035)        706,050      (13.48%)                               Loans

   Biaya dibayar di muka                 (13,868)            1,582      (15,450)    (976.61%)                  Prepaid expenses

   Aset lain-lain                        (31,719)          (5,655)      (26,064)     460.90%                        Other assets

   Kenaikan (penurunan) liabilitas                                                              Increase (decrease) in operating
   operasi:                                                                                                            liabilities:

   Liabilitas segera                   (804,025)         (405,317)     (398,708)      98.37%         Liabilities due immediately

   Simpanan nasabah                                                                                    Deposits from customers

      Giro                              (590,876)           74,375     (665,251)    (894.37%)                Current accounts

      Tabungan                         2,020,413         1,817,597      202,816       11.16%                  Saving deposits

      Deposito                         4,776,488         1,955,959    2,820,529      144.20%                          Deposits

   Simpanan dari bank lain             (705,264)           397,192   (1,102,456)    (277.56%)        Deposits from other banks

   Efek-efek yang dijual dengan                                                                            Securities sold under
                                        (225,076)         225,076      (450,154)    (200.00%)
   janji dibeli kembali                                                                               agreements to repurchase

   Utang pajak                            (1,184)         (11,333)      (10,149)     (89.55%)                      Taxes payable

   Liabilitas lain-lain                  (16,946)         (14,907)        2,037       13.66%                      Other liabilities

 Kas neto yang dihasilkan dari                                                                           Net cash generated from
                                       1,555,334         5,886,748   (4,331,414)    (73.58%)
 aktivitas operasi                                                                                            operating activities

 ARUS KAS DARI AKTIVITAS INVESTASI                                                    CASH FLOW FROM INVESTING ACTIVITIES

 Pembelian aset tetap                   (182,878)         (85,384)       97,494      114.18%             Acquisition of fixed assets

 Penjualan aset tetap                           -                7           (7)    (100.00%)                   Sale of fixed assets




    224                                                                                                       Laporan Tahunan 2025
Page 225
                                                                                                      PT Bank Mandiri Taspen




                                                                         Pertumbuhan
                                                                           Growth
               Uraian                   2025            2024                                            Description

                                                                   (Rp) / (IDR)     (%)


 Pembelian aset tidak berwujud            (55,966)     (104,697)       48,731      (46.54%)      Acquisition of intangible assets

 Perolehan aset hak guna                  (70,755)      (58,188)       12,567       21.60%       Acquisition of use rights assets

 Pembelian efek-efek yang                                                                     Purchase of securities at fair value
 diukur pada nilai wajar melalui       (3,999,845)   (1,588,379)    2,441,466      151.82%        through other comprehensive
 penghasilan komprehensif lain                                                                                            income

 Pembelian efek-efek yang diukur                                                                        Purchase of securities at
                                      (18,936,812)   (9,286,685)    9,650,127      103.91%
 pada biaya perolehan diamortisasi                                                                               amortized cost

 Penerimaan dari efek-efek yang
                                       23,538,788     6,415,504    17,123,284      266.90%    Proceeds from matured securities
 telah jatuh tempo

 Penerimaan dari penjualan efek-
                                                                                                      Proceeds from the sale of
 efek yang diukur pada nilai wajar
                                                 -      205,305      (205,305)    (100.00%)       securities at fair value through
 melalui penghasilan komprehensif
                                                                                                   other comprehensive income
 lain

 Kas neto yang (digunakan untuk)/                                                                Net cash (used in) provided by
                                          292,532    (4,502,517)    4,795,049      106.50%
 diperoleh dari aktivitas investasi                                                                         investing activities

 ARUS KAS DARI AKTIVITAS PENDANAAN                                                 CASH FLOWS FROM FINANCING ACTIVITIES

 Penerimaan dari pinjaman yang
                                        3,750,000     1,750,000     2,000,000      114.29%           Proceeds from borrowings
 diterima

 Pembayaran atas pinjaman yang
                                       (4,500,000)    (250,000)     4,250,000     1.700.00%              Payment of borrowings
 diterima

 Penerimaan atas penerbitan surat                                                                      Proceed from issuance of
                                        1,500,000              -    2,600,000      236.36%
 berharga                                                                                                             securities

 Pembayara atas surat berharga
                                                 -   (1,100,000)    1,100,000     (100.00%)        Payment of securities issued
 yang diterbitkan

 Pembayaran dividen                      (157,755)    (140,940)        16,815       11.93%                 Payments of dividend

 Pembayaran liabilitas sewa               (49,503)      (48,450)        1,053        2.17%            Payment of lease liabilities

 Biaya emisi dari surat berharga                                                                 Payment of securities issuance
                                           (5,238)             -       (5,238)    (100.00%)
 yang diterbitkan                                                                                                          costs

 Kas neto yang diperoleh dari/
                                                                                                Net cash provided by financing
 (digunakan untuk) aktivitas              537,504       210,610       326,895      155.21%
                                                                                                                     activities
 pendanaan


                                                                                                 NET INCREASE (DECREASE)
 KENAIKAN (PENURUNAN)
                                        2,385,370     1,594,841       790,529       49.57%              IN CASH AND CASH
 NETO KAS DAN SETARA KAS
                                                                                                             EQUIVALENTS

                                                                                                            CASH AND CASH
 KAS DAN SETARA KAS AWAL
                                        5,487,375     3,892,534     1,594,841       40.97%              EQUIVALENTS AT THE
 TAHUN
                                                                                                         BEGINNING OF YEAR

                                                                                                         CASH AND CASH
 KAS DAN SETARA KAS AKHIR
                                        7,872,745     5,487,375     2,385,370       43.47%     EQUIVALENTS AT THE END OF
 TAHUN
                                                                                                                    YEAR

                                                                                               Cash and cash equivalent consist
 Kas dan setara kas terdiri dari:
                                                                                                                            of:




2025 Annual Report                                                                                                      225
Page 226
Analisis dan Pembahasan Manajemen atas Kinerja Bank
Management Discussion and Analysis of Bank Performance




                                                                                       Pertumbuhan
                                                                                         Growth
                 Uraian                         2025           2024                                                      Description

                                                                              (Rp) / (IDR)        (%)


 Kas                                             152,993        137,382               15,611     11.36%                                    Cash

                                                                                                                      Current accounts with Bank
 Giro pada Bank Indonesia                       1,283,107    3,122,333        (1,839,226)       (58.91%)
                                                                                                                                       Indonesia

 Giro pada bank lain                               74,756        47,978               26,778      55.81%      Current accounts with other banks

 Penempatan pada Bank Indonesia                                                                                 Placements with Bank Indonesia
 dan bank lain - jangka waktu jatuh                                                                             and other banks – maturities of 3
                                                6,361,889    2,179,682          4,182,207       191.87%
 tempo 3 bulan atau kurang sejak                                                                                 months or less from the date of
 tanggal perolehan                                                                                                                   acquisition

 Total kas dan setara kas                       7,872,745    5,487,375         2,385,370         43.47%          Total cash and cash equivalent




       Grafik Laporan Arus kas
       Graph of Cash Flow
       (dalam jutaan Rupiah / in IDR million)

                        5.89         1.56                                      0.29                            0.21       0.54




                                                                   (4.50)

                                                              Kas neto yang (digunakan                   Kas neto yang diperoleh dari/
               Kas neto yang dihasilkan dari                untuk)/ diperoleh dari aktivitas              (digunakan untuk) aktivitas
                     aktivitas operasi                                 investasi                                  pendanaan
                 Net cash generated from                    Net cash (used in) provided by              Net cash provided by financing
                    operating activities                          investing activities                             activities

                                                                     2024       2025




Arus Kas dari Aktivitas Operasi                                                Cash Flows from Operating Activities

Selama tahun 2025 kas neto yang diperoleh dari aktivitas                       Net cash generated from operating activities of Bank Mandiri
operasi Bank Mandiri Taspen sebesar Rp1.55 triliun menurun                     Taspen amounted to IDR1.55 trillion in 2025, representing a
sebesar Rp4,33 triliun dibandingkan dengan tahun 2024                          decrease of IDR4.33 trillion compared to IDR5.87 trillion in
dengan kas neto yang dihasilkan dari aktivitas operasi sebesar                 2024. The decline was primarily attributable to a decrease in
Rp5,87 triliun. Hal tersebut dipengaruhi oleh Penurunan atas                   securities purchased under agreements to resell (reverse repo).
Efek-efek yang dibeli dengan janji dijual kembali




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                                                                                                                PT Bank Mandiri Taspen




Arus Kas dari Aktivitas Investasi                                      Cash Flows from Investing Activities

Selama tahun 2025 kas neto yang diperoleh dari aktivitas               Net cash generated from investing activities amounted to
investasi Bank Mandiri Taspen sebesar Rp292.53 miliar meningkat        IDR292.53 billion in 2025, increasing by IDR4.79 trillion
sebesar Rp4,79 triliun dibandingkan dengan tahun 2024 dengan           compared to a net cash outflow of IDR4.50 trillion in 2024. The
penggunaan kas neto dari aktivitas investasi sebesar Rp4,50 triliun.   increase was mainly driven by higher proceeds from matured
Peningkatan arus kas dari aktivitas investasi terutama dipengaruhi     securities.
peningkatan Penerimaan dari efek-efek yang telah jatuh tempo.


Arus Kas dari Aktivitas Pendanaan                                      Cash Flows from Financing Activities

Kas neto yang diperoleh dari aktivitas pendanaan di tahun              Net cash generated from financing activities amounted to
2025 sebesar Rp537.50 miliar meningkat sebesar Rp326,90                IDR537.50 billion in 2025, increasing by IDR326.90 billion
miliar dari tahun 2024 dengan kas neto yang diperoleh dari             compared to IDR210.61 billion in 2024. The increase was
aktivitas pendanaan sebesar Rp210,61 miliar. Peningkatan               primarily driven by proceeds from borrowings and issuance of
ini diakibatkan dari penerimaan pinjaman yang diterima dan             debt securities.
Penerimaan atas penerbitan surat berharga.



Kemampuan Membayar Utang dan                                           Ability to Pay Debt and Receivables
Kolektibilitas Piutang                                                 Collectibility

Secara keseluruhan kemampuan Bank Mandiri Taspen dalam                 Overall, the Bank’s capacity to meet its obligations and
membayar utang dan menjaga kolektibilitas piutang masih                maintain receivables collectibility remained well preserved. This
dapat terjaga dengan baik. Hal ini ditunjukkan dari rasio              is reflected in the Bank’s capital adequacy ratio, which remains
kecukupan modal Bank yang sangat jauh dari ketentuan                   significantly above regulatory requirements in line with its risk
regulator sesuai dengan profil risiko.                                 profile.

Rasio kecukupan modal Bank posisi akhir tahun 2025 mencapai            As of year-end 2025, the Capital Adequacy Ratio (CAR)
30,47% jauh lebih tinggi dari ketentuan regulator untuk Bank           stood at 30.47%, substantially higher than the regulatory
dengan Profil Risiko (peringkat komposit 2) di kisaran 14%.            minimum requirement of approximately 14% for banks with a
Kolektibilitas Bank juga masih sangat baik yang merupakan              Composite Risk Rating of 2. In addition, asset quality remained
hasil dari prudential banking yang telah dijalankan selama             strong, supported by prudent banking practices implemented
tahun 2025. Rasio Non Performing Loan (NPL) Net dapat                  throughout 2025, with net Non-Performing Loan (NPL)
dijaga di angka 0,32%.                                                 maintained at 0.32%.

Kemampuan Membayar Utang                                               Ability to Pay Debt

Kemampuan Bank Mandiri Taspen dalam memenuhi seluruh                   Mandiri Taspen’s ability to fulfill all obligations, both long-term
kewajiban baik kewajiban jangka panjang maupun jangka                  and short-term, is measured through several ratios, including
pendek, diukur melalui beberapa rasio, antara lain rasio likuiditas,   the liquidity ratio, solvency ratio, and profitability ratio also the
rasio solvabilitas, dan rasio rentabilitas serta pemenuhan hak-        fulfillment of the rights of creditors and the ability to pay debts
hak kreditur dan kemampuan membayar utang dari efek yang               of the securities issued.
diterbitkan.


Perlindungan Hak Kreditur                                              Protection of Creditors’ Rights

Pemenuhan hak-hak kreditur di Bank Mandiri Taspen tertuang             The fulfillment of creditors’ rights is governed under internal
dalam Standar Prosedur Asset and Liability Management                  policies, including Asset and Liability Management Standard
dan Petunjuk Teknis Penerbitan Obligasi, Petunjuk Teknis               Procedures, Technical Guidelines for Bond Issance, Bilateral
Penghimpunan Bilateral Loan, dan Petunjuk Teknis Penerbitan            Loan Arrangements, and issuance of Negotiable Certificates
Sertifikat Deposito Tanpa Warkat (Negotiable Certifcate                of Deposit (NCD) Scripless. These frameworks serve as
of Deposito-NCD Scripless). Pemenuhan hak-hak kreditur                 operational guidelines to ensure the protection of creditors’
digunakan sebagai pedoman dalam melakukan pinjaman                     rights and to maintain creditor confidence in the Bank.
kepada kreditur untuk menjaga terpenuhinya hak-hak dan
menjaga kepercayaan kreditur terhadap Bank Mandiri Taspen.




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Analisis dan Pembahasan Manajemen atas Kinerja Bank
Management Discussion and Analysis of Bank Performance




Kemampuan Membayar Utang Jangka Pendek                                    Ability to Pay Short-Term Debt (Bank Liquidity)
(Likuiditas Bank)

Loan to Funding Ratio (LFR) merupakan rasio likuiditas                    The Loan to Funding Ratio (LFR) had represented a liquidity
yang digunakan untuk mengukur kemampuan Bank dalam                        ratio used to measure the Bank’s ability to meet its short-term
memenuhi kewajiban jangka pendek melalui keseimbangan                     obligations through a balance between loan disbursement and
antara penyaluran kredit dan sumber pendanaan, yaitu                      funding sources, namely the comparison between total loans and
perbandingan antara total kredit dengan total dana pihak ketiga           total third-party funds (DPK) and other funding sources. Based
dan sumber pendanaan lainnya. Berdasarkan ketentuan OJK                   on the provisions issued by the Financial Services Authority
melalui POJK No. 42/POJK.03/2016 sebagaimana telah diubah                 (OJK) under Regulation No. 42/POJK.03/2016, as most recently
terakhir dengan POJK No. 27/POJK.03/2020, kisaran target                  amended by Regulation No. 27/POJK.03/2020, the target LFR
LFR bagi bank umum berada pada rentang 78% hingga 92%,                    range for commercial banks had been set at 78% to 92%. This
yang mencerminkan keseimbangan antara fungsi intermediasi                 range reflected a balance between the intermediation function
dan kecukupan likuiditas guna mendukung pertumbuhan kredit                and liquidity adequacy, in order to support sustainable credit
secara berkelanjutan dengan tetap menjaga stabilitas likuiditas.          growth while maintaining liquidity stability.


Tabel Rasio Likuiditas									
Table of Liquidity Ratio
                                                                                                                              (dalam % / in %)


                                                                                     Perubahan
         Rasio Likuiditas                  2025                    2024                                         Liquidity Ratio
                                                                                      Changes

 Loan to Funding Ratio (LFR)              88.96%               93.09%                  (4.13%)                 Loan to Funding Ratio (LFR)



Pada tahun 2025 tingkat likuiditas Bank Mandiri Taspen sangat             In 2025, Bank Mandiri Taspen’s liquidity position had remained
terjaga yang diukur melalui Loan to Funding Ratio (LFR) yang              well maintained, as reflected in its Loan to Funding Ratio (LFR),
stabil pada angka 88,96%, mengalami penurunan dibandingkan                which stood at a stable level of 88.96%, decreasing from
LFR tahun 2024 sebesar 93,09%. Posisi LFR tahun 2025 yang                 93.09% in 2024. The 2025 LFR position of 88.96% was within
sebesar 88,96% tersebut berada dalam kisaran yang ditetapkan              the range stipulated by the Financial Services Authority (OJK)
oleh OJK melalui POJK No. 27/POJK.03/2020, yaitu sebesar                  under Regulation No. 27/POJK.03/2020, namely 78% to 92%,
78% hingga 92%, sehingga mencerminkan keseimbangan yang                   thereby reflecting a sound balance between loan disbursement
baik antara penyaluran kredit dan penghimpunan dana pihak                 and the mobilization of third-party funds (DPK). The decline
ketiga. Penurunan LFR pada tahun 2025 juga mengindikasikan                in LFR in 2025 also indicated an improvement in the Bank’s
perbaikan posisi likuiditas yang memberikan ruang lebih                   liquidity position, providing greater capacity for the Bank to
memadai bagi Bank untuk mendukung ekspansi kredit secara                  support selective credit expansion while continuing to uphold
selektif dengan tetap mengedepankan prinsip kehati-hatian.                prudential principles.


Kemampuan Membayar Utang Jangka Panjang                                   Ability to Pay Long Term Debt
(Solvabilitas Bank)                                                       (Bank Solvability)

Bank Mandiri Taspen mengukur solvabilitas melalui rasio                   Bank Mandiri Taspen measures solvency through the Bank’s
permodalan Bank. Bank Mandiri Taspen memastikan kecukupan                 capital ratio. Bank Mandiri Taspen ensures the Bank’s capital
modal Bank untuk dapat memenuhi risiko kredit, risiko pasar               adequacy to be able to meet credit risk, market risk and
dan risiko operasional yang tercermin dari Rasio Kecukupan                operational risk which was reflected in the Capital Adequacy
Modal (Capital Adequacy Ratio/CAR).                                       Ratio (CAR).


Tabel Rasio Solvabilitas									
Table of Solvency Ratio
                                                                                                                              (dalam % / in %)


                                                                                     Perubahan
        Rasio Solvabilitas                 2025                    2024                                         Solvency Ratio
                                                                                      Changes

 Capital Adequacy Ratio (CAR)              30.47%              27.43%                   3.04%                Capital Adequacy Ratio (CAR)




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                                                                                                                       PT Bank Mandiri Taspen




CAR adalah rasio modal terhadap aset tertimbang menurut                     CAR is the ratio of capital to risk-weighted assets (RWA). In
risiko (Risk-Weighted Assets-RWA). Pada tahun 2025,                         2025, the Bank’s Capital Adequacy Ratio reached 30.47%,
Rasio Kecukupan Modal Bank mencapai 30,47%, mengalami                       an increase compared to the 2024 Capital Adequacy Ratio of
peningkatan jika dibandingkan dengan Rasio Kecukupan Modal                  27.43%. In accordance with Bank Indonesia Regulation (PBI)
tahun 2024 sebesar 27,43%. Sesuai dengan Peraturan Bank                     Number 20/04/PBI/2018, the minimum Capital Adequacy Ratio
Indonesia (PBI) Nomor 20/04/PBI/2018, Rasio Kecukupan                       set by the Financial Services Authority (OJK) is 14%. With the
Modal minimum yang ditetapkan OJK adalah sebesar 14%.                       Bank’s adequacy ratio at 30.47%, the Bank’s capital structure
Dengan rasio kecukupan Bank berada pada tingkat 30,47%,                     has the capability to cover possible risks, namely market risk,
struktur permodalan Bank memiliki kapabilitas untuk mengcover               credit risk, and operational risk, where the ratio is higher
risiko-risiko yang mungkin terjadi, yakni risiko pasar, risiko kredit       than the OJK minimum adequacy ratio and the Bank’s capital
dan risiko operasional dimana rasio tersebut lebih tinggi dari              structure has complied with OJK Regulations. This means that
rasio kecukupan minimum OJK dan struktur modal Bank sudah                   Bank Mandiri Taspen has managed the Bank’s capital well and
memenuhi Peraturan OJK. Hal ini berarti bahwa Bank Mandiri                  has sufficient capital to protect against solvency risk.
Taspen telah mengelola dengan baik modal Bank dan memiliki
kecukupan modal untuk melindungi dari risiko solvabilitas.


Kemampuan Membayar Utang Dari Efek Yang                                     Ability to Pay Debt from Securities Issued
Diterbitkan

Kemampuan membayar utang juga dapat tercermin                               The ability to pay debts can also be reflected based on the rating
berdasarkan peringkat dari efek yang diterbitkan Bank Mandiri               of the securities issued by Bank Mandiri Taspen, namely bonds.
Taspen yaitu obligasi. Efek yang diterbitkan secara rutin dinilai           Securities issued regularly are assessed by rating agencies to
oleh lembaga pemeringkatan guna mendukung kelayakan efek.                   support the eligibility of the securities. The quality of securities
Kualitas efek sangat ditentukan oleh kemampuan perusahaan                   is largely determined by the ability of the issuing company to
penerbit efek dalam membayar efek nya pada saat jatuh tempo                 pay for the securities at maturity and their ability to pay interest
dan kemampuannya membayar bunga atau kupon selama                           or coupons during the period of issuance of the securities.
jangka waktu penerbitan efek tersebut.


Tabel Kemampuan Membayar Hutang dari Efek Yang Diterbitkan
Table of Ability to Pay Debt from Securities Issued

                                                                  Peringkat
                                                                    Rank
                Uraian                                                                                                 Description
                                                     2025                            2024

 Obligasi Berkelanjutan I Tahap II Tahun     AAA(idn) oleh Pefindo            AA(idn) Oleh Fitch          Continuous Bonds I Phase II Year 2021
 2021 Seri A                                  AAA(idn) by Pefindo              AA(idn) by Fitch                                         Series A

 Obligasi Berkelanjutan I Tahap II Tahun     AAA(idn) oleh Pefindo            AA(idn) Oleh Fitch          Continuous Bonds I Phase II Year 2021
 2021 Seri B                                  AAA(idn) by Pefindo              AA(idn) by Fitch                                         Series B



Tabel Arti Peringkat Efek Yang Diterbitkan
Table of Published Securities rating Meaning

 Lembaga Pemeringkat           Peringkat                                               Arti Peringkat
   Rating Agencies               Rank                                                  Rating Meaning

                                              Kemampuan pihak yang berutang (obligor) untuk memenuhi komitmen keuangan jangka panjang
                                              atas surat utang tersebut, dibandingkan dengan obligor lain di Indonesia, dinilai sangat unggul
 PEFINDO                        AAA (idn)
                                              The ability of the debtor to fulfill long-term financial commitments on the debt securities, compared
                                              to other obligors in Indonesia, is considered very superior.




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Analisis dan Pembahasan Manajemen atas Kinerja Bank
Management Discussion and Analysis of Bank Performance




Rasio Keuangan Lain                                                     Other Financial Ratios

Rasio keuangan lain Bank Mandiri Taspen antara lain adalah              Other financial ratios of Bank Mandiri Taspen include the
rasio rentabilitas. Rentabilitas adalah sebuah kemampuan yang           rentability ratio. Rentability is an ability possessed by Bank
dimiliki Bank Mandiri Taspen untuk menghasilkan laba. Rasio             Mandiri Taspen to generate profit. The rentability ratio is
rentabilitas diukur melalui rasio-rasio berikut ini:                    measured through the following ratios:


Tabel Rasio Rentabilitas								
Table of Rentability Ratio
                                                                                                                            (dalam % / in %)


                                                                                   Perubahan
        Rasio Rentabilitas                 2025                  2024                                        Rentability Ratio
                                                                                    Changes

 Return on Assets (ROA)                      2.98%                3.26%               (0.28%)                    Return on Assets (ROA)

 Return on Equity (ROE)                     18.90%               22.89%               (3.99%)                    Return on Equity (ROE)

 Net Interest Margin (NIM)                   5.42%                5.56%                (0.14%)                 Net Interest Margin (NIM)

 Beban Operasional terhadap                                                                                Operational Cost of Operating
                                            70.85%               69.02%                 1.83%
 Pendapatan Operasional (BOPO)                                                                                           Income (BOPO)



Return on Assets (ROA)                                                  Return on Assets (ROA)

Rasio Return on Asset (ROA) turun pada posisi bulan                     ROA decreased by 0.28% to 2.98% as of December 2025,
Desember 2025 sebesar 0,28% atau ke posisi sebesar 2,98%                compared to 3.26% in 2024. This decrease was attributable
dibanding periode yang sama di tahun 2024 sebesar 3,26%.                to profit realization in 2025 that did not meet the established
Hal ini disebabkan karena tahun 2025 realisasi laba yang tidak          target.
mencapai target.


Return on Equity (ROE)                                                  Return on Equity (ROE)

Rasio Return on Equity (ROE) mengalami penurunan 3,99%                  ROE decreased by 3.99% to 18.90% compared to 22.89% in
menjadi sebesar 18,90% dibandingkan periode yang sama                   2024. This was attributable to non-recurring other operating
tahun 2024 sebesar 22,89%. Hal ini disebabkan oleh                      income from insurance claim recoveries that did not meet the
pendapatan operasional selain bunga non recurring atas                  target in the fourth quarter.
recovery pembayaran asuransi yang belum tercapai target di
kuartal empat ini.


Net Interest Margin (NIM)                                               Net Interest Margin (NIM)

Rasio Net Interest Margin (NIM) mengalami penurunan pada                NIM declined by 0.14% to 5.42% as of December 2025,
posisi bulan Desember 2025 sebesar 0,14% atau ke posisi                 compared to 5.56% in 2024. The decrease was due to a decline
sebesar 5,42% dibandingkan periode yang sama tahun 2024                 in interest income relative to earning assets, which constrained
sebesar 5,56%. Hal ini dikarenakan penurunan pendapatan                 NIM growth.
bunga terhadap aset produktif Bank Mandiri Taspen cukup
tinggi sehingga belum mampu menjaga pertumbuhan NIM.

Beban Operasional Terhadap Pendapatan                                   Operational Cost of Operating Income (BOPO)
Operasional (BOPO)

Rasio BOPO pada posisi bulan Desember 2025 sebesar                      BOPO ratio as of December 2025 was recorded at 70.85%,
70,85% meningkat sebesar 1,83% dari periode yang sama                   representing an increase of 1.83% compared to the same period in
tahun 2024 sebesar 69,02%. Peningkatan tersebut disebabkan              2024 of 69.02%. The increase was attributable to higher operating
beban operasional tahun berjalan lebih besar dari tahun lalu.           expenses in the current year compared to the previous year.




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                                                                                                                   PT Bank Mandiri Taspen




Kolektibilitas Piutang                                                       Receivable Collectability

Kolektibilitas Kredit Bank terlihat dari total kredit bermasalah             Loan collectibility is reflected in Non-Performing Loans (NPL).
(Non Performing Loan/NPL). Rasio Kredit Bermasalah atau NPL                  As of year-end 2025, gross and net NPL ratios were recorded at
gross dan NPL nett akhir tahun 2025 masing-masing sebesar                    0.63% and 0.32%, respectively, compared to 0.38% and 0.14%
0,63% dan 0,32% meningkat dari tahun 2024 yaitu sebesar                      in 2024. Despite the increase, asset quality remains well within
0,38% dan 0,14%, namun demikian kualitas kredit Bank masih                   the regulatory threshold of a maximum 5% in accordance with
jauh dari ketentuan regulator sebesar maksimal 5%, sesuai                    POJK No. 15/POJK.03/2017.
POJK Nomor 15/POJK.03/2017 tentang Penetapan Status dan
Tindak Lanjut Pengawasan Bank Umum.


Tabel Rasio Non Performing Loan (NPL)				
Table of Non Performing Loan (NPL) Ratio		
                                                                                                                                     (dalam % / in %)


                                                                                        Perubahan
                Rasio                        2025                    2024                                                Ratio
                                                                                         Changes

 Non Performing Loan (NPL) Gross            0.63%                0.38%                     0.25%            Non Performing Loan (NPL) Gross

 Non Performing Loan (NPL) Nett             0.32%                    0.14%                 0.18%             Non Performing Loan (NPL) Nett


Kualitas kredit Bank dibagi berdasarkan tingkat kolektibilitasnya,           The quality of the Bank’s loans is divided based on their
yaitu ke dalam kelompok lancar, dalam perhatian khusus,                      collectability, namely current, special mention, substandard,
kurang lancar, diragukan, dan macet. Adapun, tujuan dari                     doubtful, and loss groups. The purpose of classifying loans is
pengklasifikasian kredit tersebut adalah agar bank dapat                     so that banks can routinely monitor the loans that have been
secara rutin melakukan monitoring terhadap kredit-kredit yang                disbursed.
telah disalurkan.


Kualitas kredit yang diberikan berdasarkan kolektibilitas                    The quality of credit provided based on collectibility in
sesuai peraturan Bank Indonesia dan Otoritas Jasa Keuangan                   accordance with Bank Indonesia and Financial Services
diuraikan sebagai berikut.                                                   Authority regulations is described as follows.


Tabel Kualitas Kredit Yang Diberikan Berdasarkan Kolektibilitas
Table of Credit Quality Given Based on Collectibility		
                                                                                                                (dalam jutaan Rupiah / in IDR million)



                                                          Dalam
                                                                                Kurang
                                                         Perhatian
                Uraian                   Lancar                                 Lancar        Diragukan          Macet
                                                          Khusus                                                                       Total
              Description                Current                                 Sub           Doubtful          Loss
                                                          Special
                                                                               Standard
                                                          Mention


 31 Desember 2025
 December 31, 2025

 Pihak Berelasi - Rupiah
 Related Parties - Rupiah

 Modal Kerja
                                                225                  -                 -               -                  -                   225
 Working Capital

 Konsumsi
                                             12,995                  -                 -               -                  -               12,995
 Consumption

 Investasi
                                                    -                -                 -               -                  -                       -
 Investment




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Analisis dan Pembahasan Manajemen atas Kinerja Bank
Management Discussion and Analysis of Bank Performance




                                                          Dalam
                                                                      Kurang
                                                         Perhatian
                Uraian                  Lancar                        Lancar     Diragukan   Macet
                                                          Khusus                                            Total
              Description               Current                        Sub        Doubtful   Loss
                                                          Special
                                                                     Standard
                                                          Mention


 Pihak Ketiga - Rupiah
 Third Parties - Rupiah

 Modal Kerja
                                       37,882,586         181,388      72,421     109,281     77,693      38,323,370
 Working Capital

 Konsumsi
                                       12,068,330          46,981      16,685      24,976     15,699      12,172,671
 Consumption

 Investasi
                                           18,897           1,682         302         352        223          21,455
 Investment

 Total                                 49,983,033         230,051      89,408     134,609     93,615      50,530,716

 Dikurangi: Cadangan Kerugian
 Penurunan Nilai
                                         (558,476)        (54,781)   (34,435)     (57,654)   (65,084)       (770,429)
 Less : Allowance for impairment
 losses

 Neto
                                       49,424,558         175,270      54,973      76,955     28,531      49,760,287
 Net

 31 Desember 2024
 December 31, 2024

 Pihak Berelasi - Rupiah
 Related Parties - Rupiah

 Modal Kerja
                                               316               -           -           -           -           316
 Working Capital

 Konsumsi
                                            15,009               -           -           -           -        15,009
 Consumption

 Investasi
                                                  -              -           -           -           -              -
 Investment

 Pihak Ketiga - Rupiah
 Third Parties - Rupiah

 Modal Kerja
                                       35,264,916         184,207      52,796      44,842     43,337      35,590,098
 Working Capital

 Konsumsi
                                       10,545,384          38,884      16,036       8,298      8,147       10,616,749
 Consumption

 Investasi
                                           34,580           2,714         289         432      1,228          39,244
 Investment

 Total                                 45,860,204         225,805      69,121      53,572     52,713      46,261,415

 Dikurangi: Cadangan Kerugian
 Penurunan Nilai
                                         (652,127)        (52,580)    (27,494)    (32,782)   (52,530)       (817,514)
 Less : Allowance for impairment
 losses

 Neto
                                       45,208,078         173,224      41,626      20,790        183      45,443,901
 Net




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                                                                                                         PT Bank Mandiri Taspen




                                                     Dalam
                                                                      Kurang
                                                    Perhatian
                Uraian                Lancar                          Lancar        Diragukan          Macet
                                                     Khusus                                                             Total
              Description             Current                          Sub           Doubtful          Loss
                                                     Special
                                                                     Standard
                                                     Mention


 Pertumbuhan 2024-2025
 Growth of 2024-2025

 Pihak Berelasi - Rupiah
 Related Parties - Rupiah

 Modal Kerja
                                            (91)               -             -                -                -             (91)
 Working Capital

 Konsumsi
                                         (2,014)               -             -                -                -          (2,014)
 Consumption

 Investasi
                                                -              -             -                -                -                -
 Investment

 Pihak Ketiga - Rupiah
 Third Parties - Rupiah

 Modal Kerja
                                      2,617,671       (2,819)          19,625           64,439          34,356         2,733,272
 Working Capital

 Konsumsi
                                      1,522,946         8,098             649           16,678           7,551         1,555,922
 Consumption

 Investasi
                                        (15,683)       (1,033)              13             (81)         (1,005)          (17,788)
 Investment

 Total                                4,122,829         4,246          20,287           81,037          40,902         4,269,301

 Dikurangi: Cadangan Kerugian
 Penurunan Nilai
                                         93,651        (2,201)         (6,941)        (24,872)         (12,554)           47,084
 Less : Allowance for impairment
 losses

 Neto
                                      4,216,480         2,045          13,346           56,165          28,348         4,316,385
 Net




Suku Bunga Dasar Kredit                                            Prime Lending Rate

Suku Bunga Dasar Kredit (SBDK) digunakan sebagai dasar             The Prime Lending Rate is used as the basis for determining the
penetapan suku bunga kredit yang akan dikenakan oleh kepada        credit interest rate that will be charged to customers. SBDK has
nasabah. SBDK belum memperhitungkan komponen estimasi              not taken into account the estimated risk premium component,
premi risiko yang besarnya tergantung dari penilaian Bank          the amount of which depends on the Bank’s assessment of the
terhadap risiko masing-masing debitur atau kelompok debitur.       risk of each debtor or group of debtors. Thus, the amount of
Dengan demikian, besarnya suku bunga kredit yang dikenakan         loan interest charged to debtors is not necessarily the same as
kepada debitur belum tentu sama dengan SBDK. Dalam kredit          the prime lending rate. Non-KPR consumption credit does not
Konsumsi non KPR tidak termasuk penyediaan dana melalui            include providing funds through credit cards and unsecured
kartu kredit dan kredit tanpa agunan (KTA).                        loans (KTA).




2025 Annual Report                                                                                                       233
Page 234
Analisis dan Pembahasan Manajemen atas Kinerja Bank
Management Discussion and Analysis of Bank Performance




Tabel Suku Bunga Dasar Kredit Per Akhir Tahun 2025		
Table of Prime Lending Rate in The End of 2025

                                   Kredit Non UMKM                              Kredit UMKM                         Kredit Konsumsi
      Periode Data                 Non-MSME Credit                              MSME Credit                         Consumer Credit
    September 2025
 Data Period September
          2025                   Korporasi       Ritel          Menengah             Kecil          Mikro                       Non KPR/
                                                                                                                KPR/KPA
                                Corporation      Retail        Intermediate          Small          Micro                       Non KPA

 Harga Pokok Dana untuk
 Kredit (HPDK) (%)
                                    N/A           N/A              5.67%             5.67%          5.67%           N/A           5.67%
 Principal Price of Funds for
 Credit (HPDK) (%)

 Biaya Overhead (%)
                                    N/A           N/A              0.39%             3.92%          2.54%           N/A           2.61%
 Overhead Cost (%)

 Margin Keuntungan (%)
                                    N/A           N/A              2.46%             2.46%          2.46%           N/A           2.46%
 Profit Margin (%)

 Suku Bunga Dasar Kredit
 (SBDK) (%) (HPDK +
 Overhead + Margin)
                                    N/A           N/A              8.52%             12.05%        10.67%           N/A           10.74%
 Basic Credit Interest Rate
 (SBDK) (%) (HPDK +
 Overhead + Margin)




Suku Bunga Dana                                                             Fund Interest Rate

Informasi suku bunga tabungan, deposito dan giro Bank Mandiri               The information on competitive savings interest rates, deposits,
Taspen yang bersaing dan kompetitif disajikan sebagai berikut:              and current accounts at Bank Mandiri Taspen is presented as
                                                                            follows:


Tabel Suku Bunga Pendanaan Per Akhir Tahun 2025			
Table of Fund Interest Rate in The End of 2025


                      Produk DPK                                                     Saldo                                    Bunga
                      DPK Product                                                   Balance                               Interest Rates


 GIRO
 CURRENT ACCOUNT

 Giro                                                     0 - Rp2,5 juta
                                                                                                                              0.00%
 Current Account                                          0 - IDR2.5 million

                                                          > Rp2,5 juta - Rp100 juta
                                                                                                                             1.50%
                                                          > IDR 2.5 million - IDR 100 million

                                                          > Rp100 juta
                                                                                                                             2.50%
                                                          > IDR 100 million

 Giro Prima                                               0 – Rp100 juta
                                                                                                                              0.00%
 Prime Current Account                                    0 – IDR 100 million

                                                          > Rp100 juta – Rp5 miliar
                                                                                                                             2.00%
                                                          > IDR 100 million – IDR 5 billion

                                                          > Rp5 miliar
                                                                                                                              3.50%
                                                          > IDR 5 billion




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                                                                                                               PT Bank Mandiri Taspen




                     Produk DPK                                                   Saldo                                  Bunga
                     DPK Product                                                 Balance                             Interest Rates


 TABUNGAN
 SAVINGS

                                                       0 – Rp500 ribu
 Tabungan siMantap/Si mantap Pensiunan                                                                                   0.00%
                                                       0 – IDR 500,000

                                                       Rp500 ribu - Rp5 juta
                                                                                                                         0.50%
                                                       IDR 500,000 - IDR 5 million

                                                       Rp5 juta - Rp100 juta
                                                                                                                         0.75%
                                                       IDR 5 million - IDR 100 million

                                                       Rp100 juta - Rp500 juta
                                                                                                                         1.00%
                                                       IDR 100 million - IDR 500 million

                                                       > Rp500 juta
                                                                                                                         1.25%
                                                       > IDR 500 million

 Tabungan siMantap Berjangka                           Minimal setoran Rp100 ribu/bulan
                                                                                                                         5.00%
 siMantap Fixed Terms Savings                          Minimum deposit IDR 100,000/month

                                                       0 – Rp500 ribu
 Tabunganku                                                                                                              0.00%
                                                       0 – IDR 500,000

                                                       Rp500 ribu – Rp1 juta
                                                                                                                         0.20%
                                                       IDR 500,000 – IDR 1 million

                                                       > Rp1 juta
                                                                                                                         0.50%
                                                       > IDR 1 million

 DEPOSITO
 DEPOSITS

 1 bulan                                               Minimal Pokok Rp1 juta
                                                                                                                         3.00%
 1 month                                               IDR 1 million Minimum Initial Deposits

 3 bulan                                               Minimal Pokok Rp1 juta
                                                                                                                         3.00%
 3 month                                               IDR 1 million Minimum Initial Deposits

 6 bulan                                               Minimal Pokok Rp1 juta
                                                                                                                         3.00%
 6 month                                               IDR 1 million Minimum Initial Deposits

 12 bulan                                              Minimal Pokok Rp1 juta
                                                                                                                         3.00%
 12 month                                              IDR 1 million Minimum Initial Deposits

 24 bulan                                              Minimal Pokok Rp1 juta
                                                                                                                         3.00%
 24 month                                              IDR 1 million Minimum Initial Deposits




Kualitas Aset Produktif                                                  The Quality of Productive Assets

Total aset produktif tahun 2025 sebesar Rp72,76 triliun,                 Total productive assets of Bank Mandiri Taspen amounted to
meningkat dibandingkan dengan tahun 2024 sebesar Rp66,04                 IDR72.76 trillion in 2025, increasing compared to IDR66.04
triliun. Pada tahun 2025, kualitas aset produktif yang termasuk          trillion in 2024. In 2025, earning assets classified as current
kategori lancar sebesar Rp72,21 triliun, dengan komposisi                totaled IDR72.21 trillion, with the largest contribution derived
terbesar berasal dari kredit yang diberikan sebesar Rp49,98              from loans amounting to IDR49.98 trillion.
triliun.




2025 Annual Report                                                                                                             235
Page 236
Analisis dan Pembahasan Manajemen atas Kinerja Bank
Management Discussion and Analysis of Bank Performance




Tabel Kualitas Aset Produktif		
Table of The Quality of Productive Assets


                                                                                      2025

                                                          Dalam
             Aset Produktif                                              Kurang
                                                         Perhatian
                                        Lancar                           Lancar          Diragukan          Macet
                                                          Khusus                                                                 Total
                                        Current                           Sub             Doubtful          Loss
                                                          Special
                                                                        Standard
                                                          Mention


 Giro pada Bank Indonesia               1,283,107                 -               -                   -                        1,283,107


 Giro pada bank lain                        74,756                -               -                   -           -                74,756

 Penempatan pada Bank Indonesia
                                        6,361,889                 -               -                   -           -           6,361,889
 dan bank lain

 Efek-efek                             13,019,332                 -               -                   -           -          13,019,332

 Efek-efek yang dibeli dengan janji
                                        1,014,855                 -               -                   -           -            1,014,855
 dijual kembali

 Kredit yang diberikan                 49,983,033        230,051          89,408             134,609        93,615           50,530,716

 Aset lain-lain                           477,744          1,826                  -                   -           -              479,570

 Total Aset Produktif                  72,214,716        231,877          89,408             134,609        93,615           72,764,225




Fee Based Income                                                      Fee Based Income

Penurunan fee based Bank Mandiri Taspen disebabkan oleh               The decreased in fee-based components was primarily
penurunan pendapatan penerimaan pokok kredit hapus buku               attributable to lower recoveries from written-off loans, partially
diimbangi dengan peningkatan pendapatan fee asuransi.                 offset by higher insurance-related fee income. Overall, fee-
Pertumbuhan fee based income Bank Mandiri Taspen tahun                based income in 2025 recorded a growth of 2.06% year-
2025 mengalami peningkatan sebesar 2,06% secara (yoy) atau            on-year (yoy), increasing from IDR412.19 billion in 2024 to
meningkat dari Rp412,19 miliar menjadi Rp420,69 miliar di             IDR420.69 billion in 2025.
tahun 2024.


Selanjutnya untuk menambah source fee based ke depan maka             To further diversify fee-based income sources going forward,
Bank Mandiri Taspen di tahun 2026 telah mengembangkan                 the Bank has initiated the development of several alternative
beberapa alternatif produk dan infrastruktur layanan berbasis         products and digital-based service infrastructures in 2026.
digital.


Tabel Fee Based Income 							
Table of Fee Based Income
                                                                                                                  (dalam miliar / in IDR billion)


                                                                           Pertumbuhan
                                                                              Growth
             Komponen                  2025              2024                                                   Components
                                                                      (Nominal)              (%)

 Pendapatan Keuntungan                                                                                    Income from Securities Trading
                                        12,064            1,355          10,709          790.06%
 Penjualan Surat Berharga                                                                                                      Earnings

 Pol Fee Administrasi Tabungan           6,044            4,442           1,602              36.07%          Savings Administration Fee

 Pol Denda Tabungan Berjangka            2,207            1,868             339              18.14%              Timed Savings Penalty




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                                                                                                          PT Bank Mandiri Taspen




                                                                                                       (dalam jutaan Rupiah / in IDR million)


                                                2024

                       Dalam
                                      Kurang                                                           Productive Assets
                      Perhatian
     Lancar                           Lancar        Diragukan       Macet
                       Khusus                                                       Total
     Current                           Sub           Doubtful       Loss
                       Special
                                     Standard
                       Mention

                                                                                                         Current Account with Bank
          3,122,333              -         -                -            -          3,122,333
                                                                                                                         Indonesia

             47,978              -         -                -            -             47,978      Current Account with Other Bank

                                                                                                Placements with Bank Indonesia and
          2,179,682              -         -                -            -          2,179,682
                                                                                                                       Other Banks

         12,729,293              -         -                -            -         12,729,293                                  Securities

                                                                                                  Securities Purchased under Resale
          1,277,381              -         -                -            -          1,277,381
                                                                                                        Agreements (Reverse Repo)

      45,860,204           225,805    69,121           53,572       52,713         46,261,415                                       Loans

           416,609           1,925         -                -            -           418,534                              Other Assets

     65,633,480            227,730    69,121           53,572       52,713         66,036,616            Total of Productive Assets




                                                                             Pertumbuhan
                                                                                Growth
             Komponen                   2025             2024                                               Components
                                                                     (Nominal)         (%)

 Pol Denda Pencairan Deposito                                                                     Early Withdrawal Penalty for Time
                                         4,176             3,760             416       11.07%
 dipercepat                                                                                                                 Deposit

 Pol Fee Asuransi                       79,905            80,177         (272         (0.34%)                             Insurance Fee

 Pol Denda Kredit                       30,221           44,264       (14,043)       (31.73%)                            Loans Penalty

 Pol Administrasi Tabungan Pasif         5,455            4,048         1,407          34.77%       Passive Savings Administration

 Pol Administrasi Kredit                84,617           56,302        28,314          50.29%                   Loans Adiministration

 Pol Fee E-Channel                      59,353           50,921         8,432          16.56%                            E-Channel Fee

 Pol Penerimaan Pokok Kredit
                                       110,627          146,750       (36,123)       (24.62%)                  Written-Off Initial Fee
 Hapus Buku

 Pol Fee Pengalihan Aset                        -               -              -        0.00%                     Assets Transfer Fee

 Lainnya                                26,028            18,310         7,717         42.15%                                     Others

 Total                                 420,697          412,197         8,500           2.06%                                       Total




2025 Annual Report                                                                                                             237
Page 238
Analisis dan Pembahasan Manajemen atas Kinerja Bank
Management Discussion and Analysis of Bank Performance




Struktur Modal                                                            Capital Structure

Kebijakan Manajemen atas Struktur Modal                                   Management Policy on Capital Structure
dan Dasar Pemilihan                                                       and Selection Basis

Bank Mandiri Taspen menyusun Rencana Permodalan                           Bank Mandiri Taspen prepares a Capital Plan based on a review
berdasarkan telaah dan penilaian atas kebutuhan kecukupan                 and assessment of the required capital adequacy requirements
permodalan yang dipersyaratkan dan mengkombinasikannya                    and combines them with a review of the latest economic
dengan tinjauan perkembangan ekonomi terkini. Rencana                     developments. The Capital Plan is prepared by the Board of
Permodalan tersebut disusun oleh Direksi sebagai bagian dari              Directors as part of the Bank’s Business Plan and is reviewed and
Rencana Bisnis Bank dan ditelaah serta direviu secara berkala             reviewed periodically every year by the Board of Commissioners
setiap tahun oleh Dewan Komisaris untuk memastikan bahwa                  to ensure that Bank Mandiri Taspen’s capital structure is aligned
struktur permodalan Bank Mandiri Taspen telah selaras dengan              with strategic objectives and the established risk tolerance level
sasaran strategis serta tingkat toleransi risiko (risk appetite) yang     (risk appetite). Bank Mandiri Taspen consistently links financial
ditetapkan. Bank Mandiri Taspen senantiasa menghubungkan                  objectives and capital adequacy to risk through the capital
tujuan keuangan dan kecukupan modal terhadap risiko melalui               planning process. Likewise, the business is based on the Bank’s
proses perencanaan modal. Demikian pula dengan bisnis yang                capital and liquidity requirements. These capital requirements
didasarkan pada permodalan dan persyaratan likuiditas Bank.               are planned and discussed regularly, supported by analytical
Kebutuhan permodalan tersebut direncanakan dan didiskusikan               data.
secara rutin dengan didukung data-data analisis.


Kebijakan manajemen terkait permodalan tersebut ditujukan                 The management policy related to capital is intended to ensure
untuk memastikan bahwa Bank Mandiri Taspen memiliki modal                 that Bank Mandiri Taspen has strong capital and creates a strong
yang kuat dan menciptakan struktur permodalan yang kuat                   capital structure to support the current business expansion
untuk mendukung strategi pengembangan ekspansi usaha                      development strategy and maintain sustainable development
saat ini dan mempertahankan kelangsungan pengembangan di                  in the future. In addition, the capital policy is set to comply with
masa mendatang. Selain itu, kebijakan permodalan ditetapkan               the capital adequacy requirements set by the regulator and to
untuk memenuhi ketentuan kecukupan permodalan yang                        ensure that the Bank’s capital structure is efficient.
ditetapkan oleh regulator serta memastikan agar struktur
permodalan Bank telah efisien.


Rincian Struktur Modal                                                    Capital Structures

Pada 2025, Bank Mandiri Taspen memiliki jumlah modal inti                 As of 2025, Bank Mandiri Taspen total core capital and
dan modal pelengkap sebesar Rp6,12 triliun, jumlah tersebut               supplementary capital amounted to IDR6.12 trillion, representing
lebih tinggi dibandingkan modal inti dan modal pelengkap                  an increase compared to IDR4.77 trillion recorded in 2022. This
tahun 2022 yang sebesar Rp4,77 triliun.                                   reflects continued strengthening of the Bank’s capital structure
                                                                          to support business expansion and risk absorption capacity.
Tabel Rincian Struktur Modal
Table of Capital Structures


                                                                        Posisi Tanggal Laporan     Posisi Tanggal Laporan
                                                                          31 Desember 2025           31 Desember 2024
                          Komponen Modal                                 Report Date Position       Report Date Position       Perubahan
                         Capital Components                               31 December 2025           31 December 2024           Change

                                                                                Bank                        Bank


     Modal Inti (Tier 1)
 A
     Core Capital (Tier 1)

     1. Modal Inti Utama
                                                                              9,163,760                   7,469,576             1,694,184
     1. Common Equity Tier 1 (CET 1)

                 Modal Disetor (Setelah dikurangi Treasury Stock)
          1.1                                                                   819,304                    819,304                       -
                 Paid-in Capital (After deducting Treasury Stock)




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                                                                                                                   PT Bank Mandiri Taspen




                                                                           Posisi Tanggal Laporan   Posisi Tanggal Laporan
                                                                             31 Desember 2025         31 Desember 2024
                        Komponen Modal                                      Report Date Position     Report Date Position    Perubahan
                       Capital Components                                    31 December 2025         31 December 2024        Change

                                                                                   Bank                     Bank


               Cadangan Tambahan Modal
         1.2                                                                     8,589,651                6,980,611          1,609,040
               Additional Capital Reserves

               1.2.1 Faktor Penambah
                                                                                 8,597,239                7,088,120           1,509,119
               1.2.1 Enhancing Factors

                                 Pendapatan Komprehensif Lainnya
                       1.2.1.1                                                     109,205                   23,411             85,794
                                 Other Comprehensive Income

                                 1.2.1.1.1 Selisih lebih penjabaran
                                 laporan keuangan
                                                                                          -                        -                  -
                                 1.2.1.1.1 Difference in translation of
                                 financial statements

                                 1.2.1.1.2 Potensi keuntungan
                                 dari peningkatan nilai wajar aset
                                 keuangan dalam kelompok tersedia
                                 untuk dijual                                      109,205                   23,411             85,794
                                 1.2.1.1.2 The potential gain from an
                                 increase in the fair value of financial
                                 assets classified as available for sale

                                 1.2.1.1.3 Saldo surplus revaluasi
                                 aset tetap
                                                                                          -                        -                  -
                                 1.2.1.1.3 Fixed asset revaluation
                                 surplus balance

                                 Cadangan Tambahan Modal Lainnya
                       1.2.1.2                                                   8,488,034                7,064,709           1,423,325
                                 Other disclosed reserves

                                 1.2.1.2.1 Agio
                                                                                 1,349,508                1,349,508                   -
                                 1.2.1.2.1 Agio

                                 1.2.1.2.2 Cadangan Umum
                                                                                  163,861                   163,861                   -
                                 1.2.1.2.2 General Reserves

                                 1.2.1.2.3 Laba tahun-tahun lalu
                                                                                 5,393,585                3,973,790           1,419,795
                                 1.2.1.2.3 Previous year’s profit

                                 1.2.1.2.4 Laba tahun berjalan
                                                                                 1,581,080                1,577,550              3,530
                                 1.2.1.2.4 Profit for the year

                                 1.2.1.2.5 Dana setoran modal
                                                                                          -                        -                  -
                                 1.2.1.2.5 Fund for paid up capital

                                 1.2.1.2.6 Lainnya
                                                                                          -                        -                  -
                                 1.2.1.2.6 Others

               1.2.2   Faktor Pengurang
                                                                                    (7,588)                (107,509)            99,921
               1.2.2   Deduction Factors

                                 Pendapatan komprehensif lainnya
                       1.2.2.1                                                       (402)                (101,049)            100,647
                                 Other comprehensive income

                                 1.2.2.1.1 Selisih kurang penjabaran
                                 laporan keuangan
                                                                                          -                        -                  -
                                 1.2.2.1.1 Difference under
                                 translation of financial statements

                                 1.2.2.1.2 Potensi kerugian dari
                                 penurunan nilai wajar aset keuangan
                                 dalam kelompok tersedia untuk dijual
                                                                                     (402)                (101,049)            100,647
                                 1.2.2.1.2 Potential loss from
                                 impairment of fair value of financial
                                 assets classified as available for sale




2025 Annual Report                                                                                                              239
Page 240
Analisis dan Pembahasan Manajemen atas Kinerja Bank
Management Discussion and Analysis of Bank Performance




                                                                          Posisi Tanggal Laporan   Posisi Tanggal Laporan
                                                                            31 Desember 2025         31 Desember 2024
                        Komponen Modal                                     Report Date Position     Report Date Position     Perubahan
                       Capital Components                                   31 December 2025         31 December 2024         Change

                                                                                  Bank                     Bank


                                  Cadangan tambahan modal lainnya
                       1.2.2.2                                                     (7,186)                  (6,460)               (726)
                                  Other Disclosed Reserves

                                  1.2.2.2.1 Disagio
                                                                                         -                        -                   -
                                  1.2.2.2.1 Disagio

                                  1.2.2.2.2 Rugi tahun-tahun lalu
                                                                                         -                        -                   -
                                  1.2.2.2.2 Previous years’ losses

                                  1.2.2.2.3 Rugi tahun berjalan
                                                                                         -                        -                   -
                                  1.2.2.2.3 Current year loss

                                  1.2.2.2.4 Selisih kurang antara
                                  Penyisihan Penghapusan Aset (PPA)
                                  dan Cadangan Kerugian Penurunan
                                  Nilai (CKPN) atas aset produktif
                                                                                         -                        -                   -
                                  1.2.2.2.4 Difference between
                                  Allowance for Asset Losses (PPA)
                                  and Allowance for Impairment Losses
                                  (CKPN) on productive assets

                                  1.2.2.2.5 Selisih kurang jumlah
                                  penyesuaian nilai wajar dari
                                  instrumen keuangan dalam Trading
                                  Book
                                                                                         -                        -                   -
                                  1.2.2.2.5 The difference is less than
                                  the fair value adjustment amount of
                                  financial instruments in the Trading
                                  Book

                                  1.2.2.2.6 PPA aset non produktif
                                  yang wajib di bentuk
                                                                                   (7,186)                  (6,460)               (726)
                                  1.2.2.2.6 PPA of non-productive
                                  assets that must be established

                                  1.2.2.2.7 Lainnya
                                                                                         -                        -                   -
                                  1.2.2.2.7 Others

               Kepentingan Non Pengendali Yang Dapat
               Diperhitungkan
         1.3                                                                             -                        -                   -
               Non-Controlling Interests That Can Be Taken Into
               Account

               Faktor Pengurang Modal Inti Utama
         1.4                                                                    (245,195)                (330,339)              85,144
               Deduction Factors for Main Core Capital

                       Perhitungan Pajak Tangguhan
               1.4.1                                                             (76,076)                (202,112)             126,036
                       Deferred Tax Calculation

               1.4.2   Goodwill                                                          -                        -                   -

                       Seluruh aset tidak berwujud lainnya
               1.4.3                                                            (169,119)                (128,227)             (40,892)
                       All other intangible assets

                       Penyertaan yang diperhitungkan sebagai faktor
               1.4.4   pengurang                                                         -                        -                   -
                       Investment calculated as a deduction factor

                       Kekurangan modal pada perusahaan anak
               1.4.5   asuransi                                                          -                        -                   -
                       Lack of capital in the insurance subsidiary

                       Eksposur sekuritisasi
               1.4.6                                                                     -                        -                   -
                       Securitization exposure




    240                                                                                                               Laporan Tahunan 2025
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                                                                                                                    PT Bank Mandiri Taspen




                                                                            Posisi Tanggal Laporan   Posisi Tanggal Laporan
                                                                              31 Desember 2025         31 Desember 2024
                          Komponen Modal                                     Report Date Position     Report Date Position    Perubahan
                         Capital Components                                   31 December 2025         31 December 2024        Change

                                                                                    Bank                     Bank


                         Faktor pengurang modal inti utama lainnya
                 1.4.7                                                                     -                        -                  -
                         Another major deduction factor for core capital

                                    Penempatan dana pada instrumen AT
                                    1 dan/atau Tier 2 pada bank lain
                         1.4.7.1                                                           -                        -                  -
                                    Placement of funds in AT 1 and / or
                                    Tier 2 instruments with other banks

                                    Kepemilikan silang pada entitas lain
                                    yang diperoleh berdasarkan peralihan
                                    karena hukum, hibah, atau hibah
                         1.4.7.2    wasiat                                                 -                        -                  -
                                    Cross-ownership in another entity
                                    that is obtained by virtue of a legal
                                    transfer, grant or testament grant

     2. Modal Inti Tambahan
                                                                                           -                        -                  -
     2. Additional Tier 1 (AT-1)

                 Instrumen yang memenuhi persyaratan AT-1
         2.1                                                                               -                        -                  -
                 Instruments that meet AT-1 requirements

                 Agio/disagio
         2.2                                                                               -                        -                  -
                 Agio/disagio

                 Faktor Pengurang Modal Inti Tambahan
         2.3                                                                               -                        -                  -
                 Deduction Factors for Additional Core Capital

                         Penempatan dana pada instrumen AT 1 dan/
                         atau Tier 2 pada bank lain
                 2.3.1                                                                     -                        -                  -
                         Placement of funds in AT 1 and / or Tier 2
                         instruments with other banks

                         Kepemilikan silang pada entitas lain yang
                         diperoleh berdasarkan peralihan karena hukum,
                         hibah, atau hibah wasiat
                 2.3.2                                                                     -                        -                  -
                         Cross-ownership in another entity that is
                         obtained by virtue of a legal transfer, grant or
                         testament grant

     Modal Pelengkap (Tier 2)
 B                                                                                 362,509                  332,969              29,540
     Supplementary Capital (Tier 2)

                 Instrumen modal dalam bentuk saham atau lainnya yang
                 memenuhi persyaratan Tier 2
         1.                                                                                -                        -                  -
                 Capital instruments in the form of shares or others that
                 meet Tier 2 requirements

                 Agio/disagio
         2.                                                                                -                        -                  -
                 Agio/disagio

                 Cadangan umum PPA atas aset produktif yang wajib
                 dibentuk (paling tinggi 1,25% ATMR Risiko Kredit)
         3.                                                                        362,509                   332,969             29,540
                 General reserves for PPA for productive assets that
                 must be formed (maximum 1.25% Credit Risk RWA)

                 Faktor Pengurang Modal Pelengkap
         4.                                                                                -                        -                  -
                 Supplementary Capital

                 4.1 Sinking Fund                                                          -                        -                  -




2025 Annual Report                                                                                                               241
Page 242
Analisis dan Pembahasan Manajemen atas Kinerja Bank
Management Discussion and Analysis of Bank Performance




                                                                           Posisi Tanggal Laporan   Posisi Tanggal Laporan
                                                                             31 Desember 2025         31 Desember 2024
                          Komponen Modal                                    Report Date Position     Report Date Position     Perubahan
                         Capital Components                                  31 December 2025         31 December 2024         Change

                                                                                   Bank                     Bank


                 4.2 Penempatan dana pada instrumen Tier 2 pada bank
                 lain
                                                                                          -                        -                   -
                 4.2 Placement of funds in Tier 2 instruments with other
                 banks

                 4.3 Kepemilikan silang pada entitas lain yang diperoleh
                 berdasarkan peralihan karena hukum. hibah. atau hibah
                 wasiat                                                                   -                        -                   -
                 4.3 Cross-ownership in another entity that is obtained
                 by virtue of a legal transfer. grant or will grant

 Total Modal
                                                                                 9,526,269                7,802,545            1,723,724
 Total Capital



 ASET TERTIMBANG MENURUT RISIKO
 RISK WEIGHTED ASSETS

          ATMR RISIKO KREDIT
                                                                               28,853,320               26,499,997            2,353,323
          ATMR CREDIT RISK

          ATMR RISIKO PASAR
                                                                                  140,828                          -            140,828
          ATMR MARKET RISK

          ATMR RISIKO OPERASIONAL
                                                                                2,273,959                1,949,063             324,896
          ATMR OPERATIONAL RISK

          TOTAL ATMR                                                           31,268,107               28,449,060            2,819,047

 RASIO KPMM SESUAI PROFIL RISIKO (%)
                                                                                      8.00                     8.00                    -
 KPMM RATIO ACCORDING TO RISK PROFILE (%)

 RASIO KPMM
 RATIO KPMM

          Rasio CET 1 (%)
                                                                                    29.31                     26.26                3.05
          CET 1 Ratio (%)

          Rasio Tier 1 (%)
                                                                                    29.31                     26.26                3.05
          Tier 1 Ratio (%)

          Rasio Tier 2 (%)
                                                                                      1.16                     1.17               (0.01)
          Tier 2 Ratio (%)

          Rasio KPMM (%)
                                                                                     30.47                    27.43                3.04
          KPMM Ratio (%)

 CET 1 UNTUK BUFFER (%)
                                                                                    22.47                     19.43                3.04
 CET 1 FOR BUFFERS (%)

 PERSENTASE BUFFER YANG WAJIB DIPENUHI OLEH BANK (%)
 PERCENTAGE OF BUFFERS REQUIRED TO MEET BY BANKS (%)

          Capital Conservation Buffer (%)                                           2.50%                    2.50%                     -

          Countercyclical Buffer (%)                                                      -                        -                   -

          Capital Surcharge untuk Bank Sistemik (%)
                                                                                          -                        -                   -
          Capital Surcharge for Systemic Banks (%)




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                                                                                                           PT Bank Mandiri Taspen




Penjelasan lebih rinci mengenai Struktur Permodalan dan             A more detailed explanation regarding Capital Structure and
Pengungkapan Informasi Eksposur Risiko disajikan secara             Risk Exposure Information Disclosure is presented separately
terpisah pada Bab Informasi Eksposur Risiko dan Permodalan          in the Capital and Risk Exposure Information Chapter in this
dalam Laporan Tahunan ini.                                          Annual Report.



Ikatan Material Investasi Barang Modal                              Material Investments In Capital Goods

Ikatan material terkait investasi barang modal yang berlangsung     Material investments related to capital goods during 2025 and
selama tahun 2025 dan 2024 diuraikan sebagai berikut.               2024 period presented as follows.


Tabel Ikatan Material Terkait Investasi Barang Modal		
Table of Material Investments in Capital Goods

            Nama Pihak                                         Jenis Ikatan                                       Realisasi
              Parties                                       Investments Types                                    Realization

 2025

                                                          Pengadaan Perangkat IT                                 Rp17 miliar
 PT Mitra Integrasi Informatika
                                                           IT Device Procurement                                IDR17 billion

                                                          Pengadaan Perangkat IT                                 Rp15 miliar
 PT Citra Multi Services
                                                           IT Device Procurement                                IDR15 billion

                                                          Pengadaan Perangkat IT                                 Rp14 miliar
 PT Dinamika Sistem Integrasi Solusi
                                                           IT Device Procurement                                IDR14 billion

 2024

                                                          Pengadaan Perangkat IT                                 Rp37 miliar
 PT Structured Services
                                                           IT Device Procurement                                IDR37 billion

                                                          Pengadaan Perangkat IT                                 Rp24 miliar
 PT Clarus Innovace Teknologi
                                                           IT Device Procurement                                IDR24 billion

                                                          Pengadaan Perangkat IT                                 Rp22 miliar
 PT Mastersystem Infotama
                                                           IT Device Procurement                                IDR22 billion

                                                          Pengadaan Perangkat IT                                 Rp15 miliar
 PT Mastersystem Infotama
                                                           IT Device Procurement                                IDR15 billion



Tujuan Ikatan                                                       The Purpose of the Bonds

Ikatan material yang dimiliki oleh Bank Mandiri Taspen              The material commitment owned by Bank Mandiri Taspen aims
bertujuan sebagai komitmen pembelian barang modal yang              as a commitment to purchase capital goods that have been
telah direncanakan dalam Rencana Bisnis Bank (RBB).                 planned in the Bank’s Business Plan (RBB).

Sumber Dana                                                         Source of Funds

Sumber dana yang digunakan dalam pembelian barang modal             The source of funds used in the purchase of capital goods
berasal dari modal Bank Mandiri Taspen yang telah dianggarkan       comes from the capital of Bank Mandiri Taspen which has been
selama tahun berjalan.                                              budgeted for the current year.

Mata Uang                                                           Currency

Seluruh transaksi yang dilakukan dalam rangka pengikatan            All transaction carried out in the context of material binding for
material untuk belanja modal adalah dalam mata uang Rupiah.         capital expenditures are in Rupiah.




2025 Annual Report                                                                                                         243
Page 244
Analisis dan Pembahasan Manajemen atas Kinerja Bank
Management Discussion and Analysis of Bank Performance




Langkah Perlindungan Risiko Mata Uang                                 Currency Risk Protection Measures

Karena seluruh transaksi pengikatan dan belanja modal                 Because all commitments and capital expenditure transaction
dilakukan dalam mata uang Rupiah, maka Bank Mandiri Taspen            are carried out in Rupiah. Bank Mandiri Taspen does not need
tidak perlu melakukan perlindungan atas risiko perlindungan           to protect against currency risk.
atas mata uang.



Investasi Barang Modal                                                Capital Goods Investment

Investasi berupa barang modal (capital expenditure) merupakan         Investment in the form of capital goods (capital expenditure)
aktivitas pengeluaran dana yang digunakan untuk membeli               was an activity of disbursing funds used to purchase a number
sejumlah aset tetap atau menambah nilai aset tetap yang               of fixed assets or add value to fixed assets which are expected
diharapkan dapat memberikan nilai manfaat di masa depan.              to provide value in the future.


Jenis dan Nilai Investasi                                             Types and Investment Value

Berikut adalah informasi investasi barang modal yang dilakukan        The information on capital goods investment conducted by
oleh Bank Mandiri Taspen.                                             Bank Mandiri Taspen presented as follow.


Tabel Investasi Barang Modal						
Table of Capital Good Investments
                                                                                                           (dalam Rupiah Penuh / in full IDR)


                            Penambahan Investasi         Penambahan Investasi
                                Tahun 2025                   Tahun 2024                Perubahan
            Jenis                                                                                                      Type
                            Additional Investment        Additional Investment          Changes
                                   in 2025                      in 2024

 Tanah                                         -                          -                         -                                Land

 Bangunan                            16,358,070                  81,145,112              (64,787,042)                         Properties

 Kendaraan                                     -                          -                         -                            Vehicles

 Hardware                        95,517,147,628              53,456,197,112           42,060,950,516                           Hardware

 Software                         7,185,603,296              11,645,275,061           (4,459,671,765)                           Software

 Inventaris Kantor                6,831,229,868              10,714,632,711           (3,883,402,843)                Office Inventories

 Total                         109,550,338,862               75,897,249,996           33,653,088,866                                 Total



Total penambahan investasi barang modal tahun 2025 sebesar            The total addition of capital expenditures in 2025 amounted
Rp109,55 miliar. Investasi tahun 2025 masih didominasi oleh           to IDR 55.84 billion. Investment in 2025 had continued to be
hardware dan software, yang menunjukkan bahwa fokus                   predominantly allocated to hardware and software, indicating
belanja tetap diarahkan pada penguatan infrastruktur teknologi        that spending remained focused on strengthening information
informasi guna mendukung digitalisasi dan peningkatan                 technology infrastructure to support digitalization and enhance
keamanan sistem IT.                                                   IT system security.


Tujuan Investasi                                                      Investment Purpose

Investasi barang modal ini bertujuan untuk mendukung                  This investment in capital goods aims to support the smooth
kelancaran kegiatan operasional Bank Mandiri Taspen.                  operation of Bank Mandiri Taspen.




    244                                                                                                          Laporan Tahunan 2025
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                                                                                                        PT Bank Mandiri Taspen




Komitmen dan Kontinjensi                                         Commitments and Contingencies

Akun-akun di bawah ini merupakan akun-akun yang dicatat di       The accounts below are accounts recorded in the extra-
laporan posisi keuangan ekstra komtabel (off balance sheet)      comtable Financial Position Report (off balance sheet) which
yang diuraikan dalam bentuk tabel sebagai berikut.               are described in tabular from as follows.


Tabel Komitmen dan Kontinjensi				
Table of Commitments and Contingencies
                                                                                                     (dalam jutaan Rupiah / in IDR million)


                Uraian                          2025                     2024                           Description

 KOMITMEN                                                                                                           COMMITMENTS

 Liabilitas komitmen                                                                                       Commitments Liabilities

   Fasilitas kredit nasabah yang belum
                                                                                            Undrawn Costumer Loans Facilities
   ditarik

   Committed                                     1,136                    1,621                                         Committed

 Liabilitas komitmen - neto                      1,136                    1,621                       Commitment Liabilities - net

 KONTINJENSI                                                                                                      CONTINGENCIES

 Tagihan kontinjensi                                                                                             Contingencies Bills

   Pendapatan bunga dalam
                                                10,675                   32,268                 Income from Interest settlement
   penyelesaian

   Kredit hapus buku                           912,319                  762,263                                Written-Off loans

 Total tagihan kontinjensi                     922,994                  794,531                      Total of Contongencies Bills

 Liabilitas komitmen dan kontinjensi                                                             Commitment and Contingencies
                                               921,858                  792,909
 - neto                                                                                                         Loability - net




Informasi dan Fakta Material Setelah                             Information and Material Facts After
Tanggal Laporan Akuntan                                          The Date of the Accountant’s Report

Setelah tanggal laporan akuntan, terdapat peristiwa material     Subsequent to the auditor’s report date, a material event
berupa penetapan masa efektif pengurus Bank Mandiri Taspen       occurred in the form of the determination of the effective tenure
yang telah memperoleh persetujuan melalui mekanisme              of the management of Bank Mandiri Taspen, which had obtained
Penilaian Kemampuan dan Kepatutan (PKK) oleh Otoritas Jasa       approval through the Fit and Proper Test (PKK) mechanism
Keuangan. Sejumlah pengurus dinyatakan efektif menjabat          conducted by the Otoritas Jasa Keuangan. Several members
setelah dinyatakan lulus PKK dalam periode 4 Februari 2026       of management were declared effective in their positions upon
sampai dengan 30 April 2026. Adapun pengurus Perseroan           passing the PKK during the period from February 4, 2026 to
yang telah efektif menjabat dalam periode tersebut antara lain   April 30, 2026. The Company’s management who became
sebagai berikut:                                                 effective during this period included the following:


Dewan Komisaris                                                  Board of Commissioners
1. Junaidi Hisom sebagai Komisaris Utama Independen,             1. Junaidi Hisom as President Independent Commissioner,
   efektif sejak 6 Maret 2026.                                      effective since March 6, 2026.
2. Suwartini sebagai Komisaris Independen, efektif sejak 13      2. Suwartini as Independent Commissioner, effective since
   Maret 2026.                                                      March 13, 2026.
3. Prasetio sebagai Komisaris Independen, efektif sejak 31       3. Prasetio as Independent Commissioner, effective since
   Maret 2026.                                                      March 31, 2026.




2025 Annual Report                                                                                                           245
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Analisis dan Pembahasan Manajemen atas Kinerja Bank
Management Discussion and Analysis of Bank Performance




Direksi                                                             Board of Directors
1. Rio Lanasier sebagai Direktur Compliance & Human                 1. Rio Lanasier as Director of Compliance & Human Resources,
    Resource, efektif sejak 13 Maret 2026.                             effective since March 13, 2026.


Penetapan masa efektif pengurus tersebut merupakan                  The determination of the effective tenure of the management
bagian dari upaya Bank Mandiri Taspen dalam memperkuat              formed part of Bank Mandiri Taspen’s efforts to strengthen
struktur tata kelola perusahaan serta memastikan bahwa              its corporate governance structure and to ensure that all
seluruh pengurus yang menjabat telah memenuhi persyaratan           appointed members of management had met the required
kompetensi, integritas, dan reputasi keuangan sesuai dengan         standards of competency, integrity, and financial reputation in
ketentuan yang berlaku. Dari sisi kinerja, efektifnya pengurus      accordance with prevailing regulations. From a performance
baru diharapkan dapat meningkatkan efektivitas pengambilan          perspective, the effectiveness of the new management was
keputusan strategis, memperkuat pelaksanaan arah dan                expected to enhance the effectiveness of strategic decision-
kebijakan bisnis, serta mendorong pencapaian target Bank            making, strengthen the implementation of business directions
Mandiri Taspen secara berkelanjutan. Selain itu, keberadaan         and policies, and support the sustainable achievement of the
pengurus yang telah lulus PKK juga diharapkan mampu                 Bank’s targets. Furthermore, the appointment of management
meningkatkan kualitas pengawasan dan memberikan nilai               members who had passed the Fit and Proper Test (PKK) was
tambah dalam pengelolaan Bank Mandiri Taspen.                       expected to improve the quality of oversight and provide added
                                                                    value in the management of Bank Mandiri Taspen.


Sementara itu, dari sisi risiko usaha, perubahan masa efektif       From a business risk perspective, the changes in the effective
pengurus tidak menimbulkan dampak negatif yang material             tenure of management did not result in any material adverse
terhadap profil risiko Bank Mandiri Taspen. Perseroan telah         impact on the risk profile of Bank Mandiri Taspen. The
memastikan bahwa proses transisi kepengurusan dilakukan             Company ensured that the transition process was conducted
secara terencana, terstruktur, dan sesuai dengan prinsip tata       in a well-planned, structured manner and in accordance with
kelola perusahaan yang baik (Good Corporate Governance),            Good Corporate Governance principles, thereby maintaining
sehingga kesinambungan operasional tetap terjaga. Fungsi            operational continuity. Internal control, risk management,
pengendalian internal, manajemen risiko, dan kepatuhan juga         and compliance functions continued to operate effectively to
tetap berjalan secara efektif untuk mengantisipasi potensi risiko   anticipate potential risks that might arise during the transition
yang mungkin timbul selama masa transisi. Sampai dengan             period. As of the date of this Annual Report, no material
tanggal penyusunan Laporan Tahunan ini, tidak terdapat              adverse impact on the Bank’s performance or risk profile had
dampak material yang merugikan terhadap kinerja maupun              been identified.
profil risiko Bank Mandiri Taspen.



Prospek Usaha dan Strategi ke Depan                                 Business Prospects and Strategies
Tahun 2026                                                          for 2026

Perang di Timur Tengah sejak akhir Februari 2026 telah              The conflict in the Middle East since the end of February 2026
memperburuk kondisi dan prospek perekonomian global.                had further deteriorated global economic conditions and
Lonjakan harga minyak dunia akibat konflik tersebut berdampak       prospects. The surge in global oil prices resulting from the
negatif terhadap rantai pasok perdagangan antarnegara,              conflict had adversely affected cross-border supply chains,
sehingga menurunkan prospek pertumbuhan ekonomi dunia               thereby weakening global economic growth prospects and
dan meningkatkan tekanan inflasi global. Kondisi ini turut          increasing global inflationary pressures. These conditions had
memicu memburuknya pasar keuangan global yang ditandai              also triggered a deterioration in global financial markets, as
dengan menguatnya mata uang dolar Amerika Serikat (AS),             reflected in the strengthening of the United States dollar, rising
meningkatnya yield US Treasury, serta terjadinya arus modal         US Treasury yields, and capital outflows from emerging market
keluar dari negara-negara emerging markets.                         economies.


Peningkatan tekanan inflasi global mempersempit ruang               The escalation of global inflationary pressures had narrowed the
pelonggaran kebijakan moneter global, termasuk kemungkinan          scope for global monetary easing, including the potential delay in
tertundanya penurunan Fed Funds Rate (FFR). Selain itu,             the reduction of the Fed Funds Rate (FFR). In addition, the widening
meningkatnya defisit fiskal AS, termasuk akibat pembiayaan          fiscal deficit of the United States, partly driven by war financing,
perang, mendorong kenaikan yield US Treasury dan                    had contributed to higher US Treasury yields and increased global
meningkatkan premi risiko investasi global. Kondisi tersebut        investment risk premiums. These developments had led to a shift
mengakibatkan pergeseran aliran modal ke aset safe-haven,           in capital flows toward safe-haven assets, particularly in the US




    246                                                                                                          Laporan Tahunan 2025
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                                                                                                           PT Bank Mandiri Taspen




khususnya pasar keuangan AS, yang tercermin dari penguatan          financial markets, as reflected in the strengthening of the US
indeks dolar AS (DXY). Akibatnya, pelemahan mata uang               Dollar Index (DXY). As a result, currency depreciation in emerging
emerging markets semakin sulit dihindari, sehingga menuntut         markets had become increasingly difficult to avoid, thereby
penguatan respons kebijakan fiskal dan moneter di berbagai          necessitating stronger fiscal and monetary policy responses
negara untuk menjaga stabilitas ekonomi domestik.                   across countries to maintain domestic economic stability.


Di tengah tekanan eksternal tersebut, momentum                      Amid these external pressures, Indonesia’s economic growth
pertumbuhan ekonomi Indonesia tetap perlu dijaga melalui            momentum needed to be maintained through the strengthening
penguatan permintaan domestik dan stabilitas makroekonomi.          of domestic demand and macroeconomic stability. In
Pada Triwulan I 2026, pertumbuhan ekonomi Indonesia                 the first quarter of 2026, Indonesia’s economic growth
menunjukkan peningkatan yang terutama didukung oleh                 showed an improvement, primarily supported by domestic
permintaan domestik. Konsumsi rumah tangga meningkat                demand. Household consumption had increased in line with
seiring dengan perayaan Hari Besar Keagamaan Nasional               national religious holiday periods (HBKN), supported by the
(HBKN), yang didukung oleh pemberian Tunjangan Hari Raya            disbursement of the Religious Holiday Allowance (THR), higher
(THR), peningkatan belanja sosial Pemerintah, serta berbagai        Government social spending, and various fiscal incentives. In
insentif fiskal lainnya. Selain itu, investasi diprakirakan tetap   addition, investment was projected to remain positive, driven
tumbuh positif, didorong oleh akselerasi investasi Pemerintah,      by accelerated Government investment, including through
termasuk melalui program Koperasi Desa/Kelurahan Merah              the Red and White Village/Sub-district Cooperative Program
Putih (KDKMP) dan investasi Danantara.                              (KDKMP) and Danantara investment initiatives.


Untuk menjaga stabilitas ekonomi di tengah dinamika global,         To maintain economic stability amid global dynamics, policy
sinergi kebijakan antara Pemerintah dan Bank Indonesia terus        synergy between the Government and Bank Indonesia had
diperkuat. Prospek pertumbuhan ekonomi Indonesia pada               continued to be strengthened. Indonesia’s economic growth
tahun 2026 diprakirakan tetap terjaga dalam kisaran 4,9%–           outlook for 2026 was projected to remain within the range
5,7%, didukung oleh terjaganya keyakinan pelaku ekonomi             of 4.9%–5.7%, supported by sustained confidence among
serta berlanjutnya berbagai program Pemerintah yang                 economic agents and the continuation of Government programs
mendorong pertumbuhan ekonomi dan penyerapan tenaga                 aimed at driving economic growth and employment absorption
kerja dengan tetap menjaga ketahanan fiskal. Selain itu, bauran     while maintaining fiscal resilience. Furthermore, the policy mix
kebijakan moneter, makroprudensial, dan sistem pembayaran           of monetary, macroprudential, and payment system policies
terus diperkuat untuk menjaga stabilitas nilai tukar Rupiah         had continued to be reinforced to maintain Rupiah exchange
serta mendukung pertumbuhan ekonomi yang berkelanjutan.             rate stability and support sustainable economic growth.


Tekanan global juga berdampak pada nilai tukar Rupiah yang          Global pressures had also affected the Rupiah exchange
mengalami pelemahan seiring keluarnya arus modal dari               rate, which had depreciated in line with capital outflows from
negara-negara emerging markets. Nilai tukar Rupiah pada 16          emerging market economies. As of 16 March 2026, the Rupiah
Maret 2026 tercatat sebesar Rp16.985 per dolar AS, melemah          stood at IDR 16,985 per US dollar, weakening by 1.29%
sebesar 1,29% dibandingkan posisi akhir Februari 2026.              compared to the end of February 2026. To maintain exchange
Untuk menjaga stabilitas nilai tukar, Bank Indonesia terus          rate stability, Bank Indonesia had intensified its intervention in
meningkatkan intensitas intervensi di pasar valuta asing, baik      the foreign exchange market, both through Non-Deliverable
melalui transaksi Non-Deliverable Forward (NDF) di pasar luar       Forward (NDF) transactions in offshore markets and spot and
negeri maupun transaksi spot dan Domestic Non-Deliverable           Domestic Non-Deliverable Forward (DNDF) transactions in
Forward (DNDF) di pasar domestik. Selain itu, optimalisasi          the domestic market. In addition, the optimization of monetary
instrumen moneter dilakukan untuk meningkatkan aliran masuk         instruments had been undertaken to encourage foreign capital
modal asing dan menjaga stabilitas pasar keuangan domestik.         inflows and maintain domestic financial market stability.


Sejalan dengan stabilitas makroekonomi yang tetap terjaga,          In line with maintained macroeconomic stability, the
kinerja industri perbankan nasional menunjukkan ketahanan           performance of the national banking industry had demonstrated
yang baik. Pertumbuhan kredit perbankan pada Februari 2026          strong resilience. Banking credit growth in February 2026
tercatat sebesar 9,37% (yoy), sedikit melambat dibandingkan         was recorded at 9.37% (yoy), slightly moderating from 9.96%
Januari 2026 sebesar 9,96% (yoy). Berdasarkan kelompok              (yoy) in January 2026. By type of use, credit growth had been
penggunaan, pertumbuhan kredit didukung oleh kredit investasi,      supported by investment loans, working capital loans, and
kredit modal kerja, dan kredit konsumsi yang masing-masing          consumer loans, which grew by 20.72% (yoy), 3.88% (yoy),
tumbuh sebesar 20,72% (yoy), 3,88% (yoy), dan 6,34% (yoy).          and 6.34% (yoy), respectively.




2025 Annual Report                                                                                                         247
Page 248
Analisis dan Pembahasan Manajemen atas Kinerja Bank
Management Discussion and Analysis of Bank Performance




Ke depan, pertumbuhan kredit pada tahun 2026 diprakirakan                    Looking ahead, credit growth in 2026 was projected to remain
tetap berada pada kisaran 8%–12%, didukung oleh potensi                      within the range of 8%–12%, supported by potential increases
peningkatan permintaan pembiayaan serta optimalisasi fasilitas               in financing demand and the optimization of still-significant
kredit yang belum digunakan (undisbursed loan) yang masih                    undisbursed loan facilities. On the funding side, the growth
cukup besar. Dari sisi pendanaan, prospek pertumbuhan Dana                   of third-party funds (DPK) in Indonesia’s banking sector was
Pihak Ketiga (DPK) perbankan Indonesia pada tahun 2026                       projected to remain stable within the range of 7%–9% in
diproyeksikan tumbuh stabil pada kisaran 7%–9%, sehingga                     2026, thereby supporting banking sector liquidity capacity in
diharapkan dapat menopang kapasitas likuiditas perbankan                     sustaining credit expansion.
dalam mendukung ekspansi kredit secara berkelanjutan.


Dari sisi penawaran, kapasitas pembiayaan perbankan tetap                    From the supply side, banking financing capacity had remained
memadai yang tercermin dari rasio Alat Likuid terhadap Dana                  adequate, as reflected in the Liquid Assets to Third-Party
Pihak Ketiga (AL/DPK) sebesar 27,40%, serta pertumbuhan                      Funds (AL/DPK) ratio of 27.40%, along with third-party funds
DPK sebesar 13,18% (yoy) pada Februari 2026. Selain itu, minat               (DPK) growth of 13.18% (yoy) as of February 2026. In addition,
penyaluran kredit perbankan tetap terjaga, yang tercermin dari               banks’ lending appetite had remained intact, as indicated
persyaratan pemberian kredit yang relatif longgar. Meskipun                  by relatively accommodative credit underwriting standards.
demikian, pada segmen kredit konsumsi dan UMKM tetap                         Nevertheless, risk mitigation had continued to be strengthened
dilakukan penguatan mitigasi risiko seiring masih tingginya                  in the consumer and MSME segments, given the still-elevated
risiko kredit pada kedua segmen tersebut.                                    credit risk in both segments.


Ketahanan industri perbankan nasional juga tetap kuat,                       The resilience of the national banking industry had also
sehingga mampu memitigasi risiko dari dampak rambatan                        remained strong, enabling it to mitigate spillover risks from
gejolak global. Kondisi ini tercermin dari likuiditas perbankan              global volatility. This condition was reflected in adequate
yang memadai, kapasitas permodalan yang kuat, serta risiko                   liquidity, strong capital capacity, and well-maintained credit
kredit yang tetap terkendali. Rasio kecukupan modal (Capital                 risk. The banking sector’s Capital Adequacy Ratio (CAR) as of
Adequacy Ratio/CAR) perbankan pada Januari 2026 tercatat                     January 2026 stood at 25.87%, indicating the sector’s ability to
sebesar 25,87%, yang menunjukkan kemampuan perbankan                         absorb potential risks and support credit expansion. Meanwhile,
dalam menyerap potensi risiko dan mendukung ekspansi                         the Non-Performing Loan (NPL) ratio remained at a low level
kredit. Sementara itu, rasio kredit bermasalah (Non-Performing               of 2.14% (gross) and 0.82% (net). Stress test results indicated
Loan/NPL) tetap terjaga pada level rendah sebesar 2,14%                      that the banking sector’s resilience had remained solid in facing
(bruto) dan 0,82% (neto). Hasil stress test menunjukkan bahwa                various risks, including spillover effects from global economic
ketahanan perbankan tetap solid dalam menghadapi berbagai                    volatility.
risiko, termasuk dampak rambatan gejolak global.


Di sisi lain, perkembangan sistem pembayaran dan transaksi                   On the other hand, developments in payment systems and
ekonomi digital menunjukkan tren pertumbuhan yang kuat,                      digital economic transactions had shown a strong growth
yang turut mendukung aktivitas ekonomi nasional. Pada                        trend, which had also supported national economic activity.
Februari 2026, volume transaksi pembayaran digital mencapai                  In February 2026, the volume of digital payment transactions
4,67 miliar transaksi atau tumbuh 40,35% (yoy), didukung oleh                reached 4.67 billion transactions, growing by 40.35% (yoy),
perluasan akseptasi pembayaran digital serta peningkatan                     supported by the expansion of digital payment acceptance as
jumlah pengguna dan merchant. Transaksi QRIS menunjukkan                     well as an increase in the number of users and merchants. QRIS
pertumbuhan yang sangat tinggi, sementara volume transaksi                   transactions recorded very strong growth, while the volume
ritel melalui BI-FAST mencapai 434 juta transaksi dengan nilai               of retail transactions through BI-FAST reached 434 million
Rp1.092 triliun. Selain itu, nilai transaksi melalui sistem BI-RTGS          transactions with a total value of IDR 1,092 trillion. In addition,
tetap tumbuh sebesar 9,19% (yoy) menjadi Rp16.105 triliun,                   the transaction value through the BI-RTGS system continued to
yang mencerminkan aktivitas ekonomi dan keuangan yang                        grow by 9.19% (yoy) to IDR 16,105 trillion, reflecting sustained
tetap terjaga. Dari sisi pengelolaan uang Rupiah, Uang Kartal                economic and financial activity. From the currency management
Yang Diedarkan (UYD) tercatat tumbuh 15,78% (yoy) menjadi                    perspective, Currency in Circulation (UYD) grew by 15.78%
Rp1.287 triliun, menunjukkan meningkatnya kebutuhan                          (yoy) to IDR 1,287 trillion, indicating increased public liquidity
likuiditas masyarakat dalam mendukung aktivitas ekonomi.                     needs in supporting economic activities.

Sumber:                                                                      Source:
- Tinjauan Kebijakan Moneter Maret 2025, Bank Indonesia                      - Monetary Policy Review – March 2025, Bank Indonesia
- Siaran Pers: Stabilitas Sektor Keuangan Terjaga dalam Menghadapi Prospek   - Press Release: Financial Sector Stability Maintained Amid the 2026 Economic
  Perekonomian Tahun 2026, Otoritas Jasa Keuangan, Januari 2026                Outlook, Otoritas Jasa Keuangan, January 2026




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                                                                                                          PT Bank Mandiri Taspen




Berdasarkan uraian di atas maka Bank Mandiri Taspen memiliki       Based on the description above, Bank Mandiri Taspen has very
prospek usaha yang sangat baik di masa yang akan datang. Bank      good business prospects in the future. Bank Mandiri Taspen
Mandiri Taspen tetap optimis untuk dapat senantiasa meningkatkan   remains optimistic about being able to continue improving
kinerjanya dalam jangka panjang. Hal ini didukung adanya peluang   its performance in the long term. This is supported by the
dan kekuatan yang dimiliki oleh Bank Mandiri Taspen.               opportunities and strengths possessed by Bank Mandiri Taspen.


Bank Mandiri Taspen memiliki peluang untuk tumbuh. Peluang         Bank Mandiri Taspen has the opportunity to grow. Opportunities
yang dimiliki Bank Mandiri Taspen antara lain sebagai berikut:     that Bank Mandiri Taspen has include the following:
1. Bank Mandiri Taspen berpeluang masuk ke new business            1. Bank Mandiri Taspen has the opportunity to enter the
   Dana Pensiun (Dapen) BUMN dan swasta yang mempunyai                 new business of state-owned and private pension funds
   karakteristik seperti segmen ASN dan pensiunan.                     (Dapen) which have characteristics such as the ASN and
                                                                       pensioner segments.
2. Branding mulai dikenal dan dilirik oleh pencari kerja baik      2. Branding is starting to be recognized and noticed by job
   fresh graduate maupun yang telah berpengalaman.                     seekers, both fresh graduates and those with experience.
3. Segmen pembiayaan kredit mikro, Usaha Mikro Kecil               3. Micro credit financing segment, Micro, Small and Medium
   Menengah (UMKM), pra pensiun dan pensiunan di                       Enterprises (MSMEs), pre-retirement and retirees in
   Indonesia yang masih memiliki potensi pasar yang besar.             Indonesia which still have large market potential.
4. Untuk meningkatkan komposisi funding retail, Bank Mandiri       4. To improve the composition of retail funding, Bank Mandiri
   Taspen juga berpeluang untuk mengoptimalkan potensi                 Taspen also has the opportunity to optimize the potential of
   segmen senior citizen usia > 40 tahun.                              the senior citizen segment aged > 40 year.
5. Segmen pembiayaan kredit pensiunan yang lebih resistance        5. The pension credit financing segment is more resistant to
   terhadap dampak lesunya perekonomian.                               the impact of a sluggish economy.
6. Peluang memberikan layanan perbankan yang lebih baik            6. Opportunities to provide better banking services to various
   hingga ke berbagai pelosok daerah melalui pemanfaatan               remote areas through utilizing the network owned by the
   jaringan yang dimiliki entitas induk.                               parent entity.
7. Sources pegawai dari kalangan millennial akan membantu          7. Millennial employee sources will help banks anticipate
   bank dalam mengantisipasi perubahan ke arah digitalisasi.           changes towards digitalization.
8. Pada sisi teknologi, tren AI and machine learning, open         8. On the technology side, trends in AI and machine learning,
   banking, dan integrasi API menyediakan peluang bagi                 open banking, and API integration provide opportunities
   Bank Mantap untuk menyederhanakan proses bisnis,                    for Bank Mantap to simplify business processes, improve
   meningkatkan efisiensi operasional, serta memperkuat                operational efficiency, and strengthen digital services for
   layanan digital bagi nasabah.                                       customers


Kekuatan Bank Mandiri Taspen khususnya adalah memiliki             Bank Mandiri Taspen’s strength in particular is having parent
entitas induk dengan keunggulannya masing-masing yang              entities with their respective advantages that function to
berfungsi untuk mengembangkan bisnis Bank Mandiri Taspen.          develop Bank Mandiri Taspen’s business. The strengths of Bank
Adapun kekuatan Bank Mandiri Taspen antara lain diuraikan          Mandiri Taspen are described as follows:
sebagai berikut:
1. Bank Mandiri Taspen memiliki entitas induk dengan               1. Bank Mandiri Taspen has parent entities with their
    keunggulannya masing-masing yang berfungsi untuk                  respective advantages that function to develop Bank
    mengembangkan bisnis Bank Mandiri Taspen yaitu:                   Mandiri Taspen’s business, namely:
    a. Bank Mandiri sebagai bank terbesar di Indonesia yang           a. Bank Mandiri as the largest bank in Indonesia has
        memiliki expertise dalam pengelolaan operasional dan               expertise in operational management and bank
        layanan bank.                                                      services.
    b. PT Taspen memiliki akses kepada captive market                 b. PT Taspen has access to the pensioner captive market
        pensiunan sehingga dapat menambah database calon                   so that it can add to the database of prospective retired
        debitur pensiunan.                                                 debtors.
    c. Dukungan pendanaan dari grup Pemegang Saham.                   c. Funding support from Shareholders group.
2. Kerjasama dengan PT ASABRI yang merupakan BUMN                  2. Collaboration with PT ASABRI, which is a BUMN that
    pengelola asuransi dan pembayaran pensiun khusus untuk            manages insurance and special pension payments for TNI
    Prajurit TNI, Anggota Polri, PNS Kementerian Pertahanan           Soldiers, Police Members, Civil Servants of the Ministry of
    Republik Indonesia dan Polri.                                     Defense of the Republic of Indonesia and the National Police.
3. Kerjasama dengan Dapen BUMN sebagai institusi                   3. Collaboration with state-owned penitentiary as an
    pengelola pembayaran pensiun pensiunan pegawai BUMN.              institution managing the payment of state-owned
                                                                      employee pensions.




2025 Annual Report                                                                                                       249
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Analisis dan Pembahasan Manajemen atas Kinerja Bank
Management Discussion and Analysis of Bank Performance




4. Risiko pembiayaan kredit segmen pensiunan relatif lebih      4. The credit financing risk for the pensioner segment
    rendah karena sumber utama pembayaran angsuran kredit          is relatively lower because the main source of credit
    adalah dari manfaat pensiun debitur yang dipotong secara       installment payments is from the debtor’s pension benefits,
    langsung.                                                      which were deducted directly.
5. Dalam aspek teknologi, Bank Mantap telah menerapkan          5. In terms of technology, Bank Mantap has implemented
    standarisasi Risk Assessment Criteria (RAC) yang               comprehensive       Risk     Assessment      Criteria   (RAC)
    komprehensif yang didukung oleh tools teknologi yang           standardization supported by advanced technological
    memumpuni, termasuk verifikasi kesehatan calon nasabah         tools, including health verification of prospective customers
    guna meminimalkan risiko mortalitas. Selain itu, Bank          to minimize mortality risk. Furthermore, Bank Mantap
    Mantap telah menggunakan sistem core banking Maestro           has utilized the Maestro core banking system, which has
    yang memiliki kapabilitas setara dengan sistem yang            capabilities equivalent to those used by KBMI 4 banks, thus
    digunakan oleh bank-bank KBMI 4, sehingga mendukung            supporting operational efficiency and business scalability.
    efisiensi operasional dan skalabilitas bisnis.
6. Budaya kerja Bank Mandiri Taspen yang kuat.                  6. The work culture of Bank Mandiri Taspen is strong.
7. Branding yang mencerminkan keunggulan masing-masing          7. Branding that reflects the excellence of each parent and
    induk dan founder Bank Mandiri Taspen.                          founder of Bank Mandiri Taspen.
8. Mengutamakan SDM berasal dari wilayah setempat,              8. Prioritizing human resources from the local area, so that
    sehingga penguasaan wilayah lebih optimal.                      regional control is more optimal.
9. Mengembangkan pendidikan calon pegawai yang                  9. Developing education for prospective employees who were
    dipersiapkan sebagai suksesor dalam jangka panjang.             prepared as long-term successors.
10. Produk unggulan 3 (tiga) pilar Mantap (Mantap Sehat,        10. Excellent product 3 (three) Steady pillars (Stay Healthy,
    Mantap Aktif dan Wirausaha Mantap Sejahtera) sebagai            Steady Active and Mantap Prosperous Entrepreneur)
    unique value proposition Bank Mandiri Taspen dibanding          as a unique value proposition for Bank Mandiri Taspen
    kompetitor.                                                     compared to competitors.


Bank Mandiri Taspen tetap harus waspada dan mawas diri          Bank Mandiri Taspen still has to be alert and introspective
karena di tahun 2026-2028 masih akan dipenuhi berbagai          because in 2026-2028 it will still be filled with various
tantangan yang challenging, khususnya dari aspek pencapaian     challenging challenges, especially in terms of achieving market
market share, profitabilitas dan nilai kapitalisasi pasar.      share, profitability and market capitalization value. Furthermore,
Selanjutnya untuk terus dapat memberikan pertumbuhan            to continue to be able to provide positive growth, Bank Mandiri
positif, Bank Mandiri Taspen harus dapat menciptakan nilai      Taspen must be able to create added value on an ongoing basis,
tambah secara berkesinambungan, baik dari segi business         both in terms of business units and supporting units, namely by
unit maupun supporting unit, yaitu dengan selalu berorientasi   always being oriented towards achieving company profits and
kepada pencapaian laba perusahaan dan pertumbuhan bisnis        sustainable business growth as well as increasing productivity
secara berkelanjutan serta peningkatan produktivitas melalui    through Management Policy in 2026, which includes the
Kebijakan Manajemen di tahun 2026, yang meliputi sebagai        following:
berikut:
1. Pertumbuhan Kredit, Dengan Portfolio Kredit Pensiunan        1. Credit Growth, With Pensioner Credit Portfolios
    Yang Meningkat                                                 Increasing
    Secara keseluruhan target pertumbuhan kredit Bank              Overall, Bank Mandiri’s credit growth target is in line with
    Mandiri sesuai dengan target untuk terus menaikkan             the target to continue to increase its credit market share,
    pangsa pasar kredit, serta upaya untuk meningkatkan            as well as efforts to increase the credit composition of the
    komposisi kredit segmen pensiunan.                             retiree segment.
2. Pengelolaan Sumber Pendapatan                                2. Management of Income Sources
    Sumber pendapatan utama di tahun 2026 masih berupa             The main source of income in 2026 will still be credit
    pendapatan bunga kredit. Kontribusi pendapatan lain            interest income. Other income contributions come from
    bersumber dari fee based income seperti admin deposit,         fee based income such as admin deposits, payment points,
    payment point, rebate asuransi, administrasi kredit, fee       insurance rebates, credit administration, e-channel fees
    e-channel dan jasa layanan bank lainnya.                       and other bank services.
3. Pengendalian Kualitas Aktiva Produktif                       3. Controlling the Quality of Productive Assets
    Pengendalian kualitas aktiva produktif dilaksanakan            Productive asset quality control is carried out through
    melalui beberapa tahapan untuk memastikan risk exposure        several stages to ensure risk exposure is always identified,




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                                                                                                          PT Bank Mandiri Taspen




   senantiasa teridentifikasi, terukur, termonitor, dan               measured, monitored and mitigated. These stages start
   termitigasi. Tahapan-tahapan tersebut mulai dari penerapan         from implementing an effective and prudent business
   pendekatan proses bisnis yang efektif dan prudent (four            process approach (four eyes principle and Committee
   eyes principle dan Rapat Komite), variasi tools yang tepat         Meetings), a variety of appropriate tools, professional and
   guna, sumber daya profesional dan efektif, monitoring dan          effective resources, monitoring and review and an emphasis
   review dan ditekankan pada penguatan aktivitas collection.         on strengthening collection activities. Bank Mandiri Taspen
   Bank Mandiri Taspen akan sangat selektif dalam menjaga             will be very selective in maintaining growth, especially
   pertumbuhan, khususnya kredit di Provinsi Bali serta akan          credit in Bali Province and will focus on credit development
   fokus pada pengembangan kredit di segmen pensiunan.                in the retiree segment.
4. Pertumbuhan Dana                                                4. Pertumbuhan Dana
   Pertumbuhan dana sebesar 4,5% untuk mempertahankan                 Fund growth was 4.5% to maintain the Loan to Funding
   Loan to Funding Ratio (LFR) pada level 86%-92% yang                Ratio (LFR) at the level of 86%-92% which was driven by an
   didorong dari peningkatan Dana Pihak Ketiga (DPK), adanya          increase in Third Party Funds (TPF), the existence of existing
   obligasi existing, kerja sama bilateral loan serta alternatif      bonds, bilateral loan cooperation as well as alternative
   pendanaan maupun dukungan pendanaan dari grup usaha.               funding and funding support from the group business.



Pencapaian Target dan Target Ke Depan                              Target Achievement and Future Targets

Pencapaian Target                                                  Target Achievement

Secara umum, pencapaian target Bank di 2025 telah                  In general, the achievement of the Bank’s targets in 2025 has
menunjukkan hasil yang baik. Uraian terkait perbandingan           shown good results. The description regarding the comparison
target dan realisasi keuangan, struktur modal, pengembangan        of financial targets and realization, capital structure, HR
SDM dan pemasaran disajikan sebagai berikut.                       development and marketing is presented as follows.


Perbandingan Target dan Realisasi Keuangan                         Target Comparison and Financial Realization

Pencapaian target Bank Mandiri Taspen pada umumnya                 Bank Mandiri Taspen’s target achievement generally exceeded
melampaui target yang telah ditetapkan dalam Rencana Bisnis        the targets set in the Bank’s Business Plan (RBB) for 2025.
Bank (RBB) tahun 2025. Bank Mandiri Taspen belum berhasil          Bank Mandiri Taspen has not yet succeeded in exceeding the
melampaui target laba tahun berjalan di tahun 2025 yaitu           current year’s profit target in 2025, which was 93.92% and
sebesar 93,92% dan pendapatan operasional lainnya sebesar          other operating income of 80.68%. This is due to operating
80,68%. Hal ini disebabkan oleh pendapatan operasional             income other than non-recurring interest on insurance payment
selain bunga non recurring atas recovery pembayaran asuransi       recovery that has not reached the target in the fourth quarter.
yang belum tercapai target di kuartal empat ini. Ekuitas di atas   Equity is above the target of 101.96% due to an increase in
target yaitu sebesar 101,96% yang disebabkan peningkatan           current year’s profit. The achievement of assets successfully
laba tahun berjalan. Pencapaian aset berhasil melampaui            exceeded the target of 100.86% and equity reached the set
target sebesar 100,86% dan ekuitas yang mencapai target            target of 101.96%. Likewise, the achievement of the third
yang ditetapkan yakni sebesar 101,96%. Demikian pula               party fund target for 2025 was 104.71% supported by the
dengan pencapaian target dana pihak ketiga tahun 2025 yang         achievement of current account, savings and time deposit
sebesar 104,71% yang didukung dengan pencapaian target             targets of 79.08%, 107.76% and 104.19%, respectively. Bank
giro, tabungan dan deposito masing-masing sebesar 79,08%,          Mandiri Taspen will continuously evaluate the implementation
107,76% dan 104,19%. Bank Mandiri Taspen akan senantiasa           of the established strategies, so that Bank Mandiri Taspen’s
melakukan evaluasi pelaksanaan strategi yang telah ditetapkan,     performance in the future will experience continuous
sehingga kinerja Bank Mandiri Taspen di masa yang akan             improvement.
datang akan mengalami peningkatan secara berkelanjutan.




2025 Annual Report                                                                                                        251
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Analisis dan Pembahasan Manajemen atas Kinerja Bank
Management Discussion and Analysis of Bank Performance




Tabel Perbandingan Realisasi Keuangan		
Table of Financial Realization Comparison
                                                                                                            (dalam Jutaan Rupiah / in IDR million)


                                                            RBB 2025
                                  Realisasi 2025                                       Pencapaian
              Uraian                                     2025 Business Plan                                          Description
                                 2025 Realization                                     Achievements
                                                               (RBB)

                1                        2                          3                     4=2/3                             1

 Keuangan                                                                                                                            Financial

 Total Aset                          73,018,566               72,398,458                   100.86%                               Total Assets

 Dana Masyarakat (DPK)               55,030,573               52,556,196                   104.71%                Third Party Funds (TPF)

   Giro                                 434,920                    550,000                  79.08%                     Current Accounts

   Tabungan                          12,392,749               11,500,000                   107.76%                                 Savings

   Deposito                          42,202,904               40,506,196                   104.19%                                Deposits

 Kredit                              50,530,716               52,294,268                    96.63%                                       Loans

 Ekuitas                              9,395,300                9,215,139                   101.96%                                      Equity

 Pendapatan Bunga Bersih              3,665,510                3,676,704                    99.70%               Net Interest Rate Income

 Pendapatan Operasional
                                        419,654                    520,115                  80.68%             Other Operational Incomes
 Lainnya

 Laba (Rugi) tahun berjalan           1,581,080                1,683,381                    93.92%           Current Year Earnings (Loss)

 Rasio Keuangan (%)                                                                                                     Financial Ratio (%)

 NPL Gross                                0.63%                     1.00%                  159.37%                                 NPL Gross

 NPL Net                                  0.32%                     0.50%                  157.74%                                   NPL Net

 ROA                                      2.98%                     3.19%                   93.21%                                        ROA

 ROE                                     18.90%                    19.25%                   98.16%                                        ROE

 CAR                                     30.47%                    26.30%                  115.86%                                        CAR

 NIM                                      5.42%                     5.44%                   99.63%                                         NIM

 BOPO                                    70.85%                    69.47%                   98.06%                                      BOPO




Perbandingan Target dan Realisasi Struktur                              Comparison of Target and Capital Structure
Modal (Capital Structure)

Pencapaian target total modal Bank Mandiri Taspen sebesar               The realization of total capital reached 103.45% of the target,
103,45% dengan realisasi mencapai Rp9,53 triliun. Pencapaian            with total capital amounting to IDR9.53 trillion. The achievement
total modal sedikit berada di atas target yang ditetapkan antara        above target was primarily influenced by the increase in profit
lain dipengaruhi oleh peningkatan laba tahun berjalan.                  for the year, which contributed to the strengthening of the
                                                                        Bank’s capital position.
Tabel Perbandingan Target dan Realisasi Struktur Modal		
Table of Target Comparison and Capital Structure
                                                                                                            (dalam jutaan Rupiah / in IDR million)


                                  Realisasi 2025            Target 2025                Pencapaian
              Uraian                                                                                                 Description
                                 2025 Realization           2025 Targets              Achievements

                1                        2                          3                     4=2/3

 Modal Inti Utama/Common
                                      9,163,760               8,799,764                   104.14%          Common Equity Tier 1 (CET 1)
 Equity Tier 1 (CET 1)

 Modal Inti Tambahan/
                                               -                         -                        -                Additional Tier 1 (AT 1)
 Additional Tier 1 (AT 1)




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                                                                                                         PT Bank Mandiri Taspen




                                  Realisasi 2025        Target 2025               Pencapaian
            Uraian                                                                                           Description
                                 2025 Realization       2025 Targets             Achievements

               1                        2                       3                    4=2/3

 Modal Pelengkap (Tier 2)             362,509                  408,410                88.76%            Supplementary Tier (Tier 2)

 Total Modal                        9,526,269             9,208,174                  103.45%                          Capital Total




Perbandingan Target dan Realisasi Pemasaran                         Target Comparison and Marketing Realization

Tahun 2025 merupakan tahun yang challenging untuk                   The year 2025 presented significant challenges for the
perekonomian Indonesia khususnya sektor industri perbankan.         Indonesian economy, particularly within the banking industry.
Dengan strategi yang tepat dan efektif, Bank Mandiri Taspen         Nevertheless, through the implementation of appropriate
berhasil melampaui target pemasaran baik dari sisi kredit           and effective strategies, the Bank successfully exceeded its
maupun penghimpunan dana. Berikut adalah indikator utama            marketing targets in both lending and fund-raising activities.
keberhasilan pemasaran Bank Mandiri Taspen di tahun 2025,           The key indicators of Bank Mandiri Taspen’s marketing success
sebagai berikut:                                                    in 2025 were presented below:


Tabel Perbandingan Target dan Realisasi Pemasaran
Table of Target Comparisons and Marketing Realization

                                  Realisasi 2025        Target 2025               Pencapaian
   Indikator Pemasaran                                                                                  Marketing Indicators
                                 2025 Realization       2025 Targets             Achievements

               1                        2                       3                    4=2/3

 Total rekening nasabah              1,488,200             1,844,107                 80.70%             Total of Customer accounts

 Rekening baru                         418,487                 471,200               88.81%                          New accounts

                                                                                                          Total of Third Party Fund
 Jumlah rekening DPK                 1,088,565             1,039,619                104.71%
                                                                                                                    (DPK) accounts

 Jumlah Dapem Pensiunan                                                                                  The total of Civil Servants
                                       567,847                 541,899              104.79%
 ASN                                                                                                                  Pension Fund

 Pencairan kredit/plafond baru                                                                       Loans disbursement / facilities
                                     9,889,337            12,254,399                 80.70%
 2025 (jutaan Rupiah)                                                                                      in 2025 (in IDR millions)

                                                                    Amidst the slowdown in the growth of the banking industry,
Di tengah perlambatan pertumbuhan industri perbankan, Bank          Bank Mandiri Taspen was still able to survive and grow
Mandiri Taspen tetap dapat survive dan tumbuh sustain baik          sustainably both in terms of DPK growth and the number
dari sisi pertumbuhan DPK dan Jumlah Dapem Pensiunan ASN            of ASN pensioner Dapem accounts in 2025. Bank Mandiri
di tahun 2025. Bank Mandiri Taspen berhasil melampaui target        Taspen succeeded in exceeding the target number of DPK and
jumlah rekening DPK dan Dapem pensiunan ASN masing-                 ASN pensioner Dapem accounts by 104.71% and 104.79%,
masing sebesar 104,71% dan 104,79%.                                 respectively.


                                                                    Target Comparison and Human Resource
Perbandingan Target dan Realisasi                                   Development Realization
Pengembangan Sumber Daya Manusia (SDM)
                                                                    The description of the comparison between the target and
Uraian perbandingan target dan realisasi pengembangan               realization of employee development at Bank Mandiri Taspen in
pegawai Bank Mandiri Taspen tahun 2024 disajikan sebagai            2025 is presented as follows.
berikut.




2025 Annual Report                                                                                                        253
Page 254
Analisis dan Pembahasan Manajemen atas Kinerja Bank
Management Discussion and Analysis of Bank Performance




Tabel Perbandingan Target dan Realisasi Pengembangan SDM
Table of HR Development Target and Realization Comparison

                                  Realisasi 2025           Target 2025            Pencapaian
            Uraian                                                                                           Description
                                 2025 Realization          2025 Targets          Achievements

                1                        2                      3                    4=2/3

 Realisasi Pelatihan Pegawai                                                                                    Employees Training
                                         6,586                  4,072                161.74%
 (dalam pegawai)                                                                                              (in house employees)

 Biaya pelatihan Pegawai                                                                                   Employees Training Cost
                                        22,357                 25,296                88.38%
 (Rupiah)                                                                                                                  (in IDR)



Realisasi pelatihan pegawai sejumlah 6.586 pegawai                  Employee training realization amounted to 6,586 employees
dari rencana 4.072 pegawai atau 161,74% dari target                 from the planned 4,072 employees or 161.74% of the HR
pengembangan SDM di tahun 2025. Pada tahun 2025,                    development target in 2025. In 2025, training was conducted
pelatihan dilakukan dengan berbagai metode seperti self-            using various methods such as self-paced learning, virtual
paced learning, virtual class, hingga in-class training yang        classes, and in-class training that was already implemented.
sudah bisa dijalankan. Pada tahun 2025, pengembangan                In 2025, development and training were carried out with a
dan pelatihan dilakukan dengan fokus untuk membangun                focus on building competencies and organizational needs. The
kompetensi dan kebutuhan organisasi. Adapun realisasi biaya         realization of employee training costs in 2025 was IDR 22.36
pelatihan pegawai di tahun 2025 sebesar Rp22,36 miliar dari         billion from the education and training budget of IDR 25.30
anggaran pendidikan dan pelatihan sebesar Rp25,30 miliar.           billion.

Target ke Depan (Proyeksi) 2026                                     Future Target (Projection) 2026

Manajemen Bank Mandiri Taspen telah menyusun Rencana                Bank Mandiri Taspen management has prepared a Bank
Bisnis Bank untuk tahun 2026 dengan mempertimbangkan                Business Plan for 2026 taking into account current economic
kondisi ekonomi saat ini dan proyeksi perekonomian di tahun         conditions and economic projections for 2026, both from a
2026, baik dari segi makro maupun mikro.                            macro and micro perspective.

Asumsi yang Digunakan dalam Menyusun                                Assumptions Used in Preparing the Projections
Proyeksi

Dalam penyusunan proyeksi tahun 2026, Bank Mandiri Taspen           In preparing projections for 2026, Bank Mandiri Taspen uses
menggunakan beberapa asumsi makro dan mikro ekonomi                 several macro and micro economic assumptions as follows:
sebagai berikut:


Tabel Asumsi Makro dan Mikro							
Table of Macro and Micro Assumptions
                                                                                                                       (dalam % / in %)


             Uraian Asumsi                          2027                  2026                  Assumption Description

 Asumsi Makro Ekonomi                                                                                 Macroeconomic Assumptions

 Pertumbuhan Ekonomi                                 5.39%                  5.20%                                Economic growth

 Inflasi                                             3.20%                  2.62%                                          Inflation

 7D Reverse Repo Rate                                3.75%                  4.00%                            7D Reverse Repo Rate

 Kurs IDR/USD                                     Rp16,070                Rp16,105                         IDR/USD exchange rate

                                                                                               Microeconomic Assumptions (Interest
 Asumsi Mikro Ekonomi (Suku Bunga)
                                                                                                                            Rates)

 Giro                                                2.50%                  2.50%                                  Current account

 Tabungan                                            1.50%                  1.50%                                           Savings




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               Uraian Asumsi                           2027                   2026                   Assumption Description

 Simpanan Berjangka                                     5.00%                    5.35%                                         Term Savings

 Kredit                                                11.50%                  11.50%                                                   Loans

Sumber: Rencana Bisnis Bank Mandiri Taspen 2026-2027
Source: Bank Mandiri Taspen Business Plan 2026-2027




Proyeksi Keuangan                                                       Financial Projections

Uraian terkait proyeksi struktur keuangan tahun 2026 adalah             A description of the projected financial structure for 2026 is as
sebagai berikut:                                                        follows:


Tabel Proyeksi Keuangan						
Table of Financial Projection
                                                                                                            (dalam jutaan Rupiah / in IDR million)


                                                            Proyeksi 2026
                         Uraian                                                                         Description
                                                          Projections for 2026

 Keuangan                                                                                                                             Finance

 Total Aset                                                     78,757,397                                                       Total Assets

 Dana Masyarakat (DPK)                                          57,200,370                                       Third-party Funds (DPK)

    Giro                                                          600,000                                              Current Accounts

    Tabungan                                                    13,000,000                                                         Savings

    Deposito                                                    43,600,370                                                        Deposits

 Kredit                                                         55,446,386                                                              Loans

 Ekuitas                                                        10,485,108                                                              Equity

 Pendapatan Bunga Bersih                                         4,053,346                                             Net Interest Income

 Pendapatan Operasional Lainnya                                   394,914                                         Other Operating Income

 Laba (Rugi) tahun berjalan                                      1,550,840                                              Income for the year

 Rasio Keuangan (%)                                                                                                      Finance Ratio (%)

 NPL Gross                                                          1.00%                                                          NPL Gross

 NPL Net                                                            0.50%                                                            NPL Net

 ROA                                                                2.67%                                                                 ROA

 ROE                                                               16.66%                                                                 ROE

 CAR                                                               28.01%                                                                 CAR

 NIM                                                                5.47%                                                                  NIM

 BOPO                                                              72.65%                                                               BOPO




2025 Annual Report                                                                                                                  255
Page 256
Analisis dan Pembahasan Manajemen atas Kinerja Bank
Management Discussion and Analysis of Bank Performance




Proyeksi Struktur Modal (Capital Structure)                          Capital Structure Projections

Uraian terkait proyeksi struktur modal tahun 2026 adalah             A description of the projected capital structure for 2026 is as
sebagai berikut:                                                     follow:


Tabel Proyeksi Struktur Modal
Table of Capital Structure Projection

                                                           Proyeksi 2026
                      Uraian                                                                         Description
                                                         Projections for 2026

 Modal Inti Utama/Common Equity Tier 1 (CET 1)                 9,983,667                                Common Equity Tier 1 (CET 1)

 Modal Inti Tambahan/Additional Tier 1 (AT 1)                          -                                      Additional Tier 1 (AT 1)

 Modal Pelengkap (Tier 2)                                        431,210                               Complementary Capital (Tier 2)

 Total Modal                                                  10,414,876                                                Total Capital




Proyeksi Kebijakan Dividen                                           Dividen Policy Projection

Berdasarkan kebijakan dividen Bank Mandiri Taspen, yaitu             Based on Bank Mandiri Taspen’s dividend policy, if Bank
apabila Bank Mandiri Taspen mempunyai saldo laba positif,            Mandiri Taspen has a positive retained earnings balance,
setelah dikurangi penyisihan untuk cadangan, Bank Mandiri            after deducting reserves, Bank Mandiri Taspen can distribute
Taspen dapat membagikan dividen dengan besaran dan tata              dividends in an amount and manner agreed upon by the
cara pembagiannya sesuai kesepakatan Pemegang Saham                  Shareholders and after obtaining a resolution from the General
serta setelah memperoleh keputusan Rapat Umum Pemegang               Meeting of Shareholders.
saham.


Tahun Buku yang berakhir tanggal 31 Desember 2025, Bank              For the fiscal year ending December 31, 2025, Bank Mandiri
Mandiri Taspen berhasil membukukan laba setelah pajak                Taspen successfully posted a profit after tax of Rp1,581,080
mencapai Rp1.581.080 juta atau 93,92% dari target sebesar            million, or 93.92% of the target of Rp1,683,381 million, a 0.22%
Rp1.683.381 juta dan tumbuh sebesar 0,22% jika dibandingkan          increase compared to the same period in 2024 of Rp1,577,550
periode yang sama tahun 2024 sebesar Rp1.577.550 juta.               million.


Atas dasar hal tersebut, pada tahun 2025 Bank Mandiri                Based on this, Bank Mandiri Taspen projects to distribute
Taspen memproyeksikan untuk membagikan dividen kepada                dividends to shareholders in 2025 with a payout ratio of
pemegang saham dengan payout ratio ±10% dari laba setelah            approximately 10% of the net profit after tax. This dividend
pajak. Pembagian dividen tersebut dimaksudkan karena Tahun           distribution is intended because Bank Mandiri Taspen achieved
Buku 2024 Bank Mandiri Taspen telah memperoleh saldo                 a positive retained earnings balance in Fiscal Year 2024, thus
laba yang positif sehingga memberikan return yang optimal            providing an optimal return to shareholders on the capital
kepada pemegang saham atas modal yang telah ditempatkan              invested and fully paid into Bank Mandiri Taspen. However,
dan disetor penuh kepada Bank Mandiri Taspen. Namun                  the distribution of dividends will also be carried out by taking
demikian, pembagian dividen yang akan dilakukan juga dengan          into account business development plans and their supporting
mempertimbangkan rencana pengembangan bisnis beserta                 elements, including information technology development and
pendukungnya antara lain seperti pengembangan teknologi              human resource development.
informasi dan pengembangan sumber daya manusia.


Proyeksi Pemasaran                                                   Marketing Projections

Seiring dengan mulai membaiknya kondisi perekonomian di              As economic conditions began to improve in 2025, driven by
tahun 2025 yang didorong oleh program-program stimulus               stimulus programs issued by the Government, even though
yang dikeluarkan oleh Pemerintah, meskipun terdapat trend            there is a challenging trend of increasing funding interest rates
peningkatan suku bunga dana yang challenging di tahun 2025,          in 2025, Bank Mandiri Taspen remains optimistic about being




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Bank Mandiri Taspen tetap optimis untuk dapat terus tumbuh               able to continue to grow sustainably and continue to perform
sustain dan terus berkinerja optimal. Kinerja pemasaran kami             optimally. We project marketing performance to continue to
proyeksikan terus tumbuh positif di tahun 2026, yakni sebagai            grow positively in 2026, namely as follows:
berikut:


Tabel Proyeksi Pemasaran
Table of Marketing Projection

                                                            Proyeksi 2026
                Indikator Pemasaran                                                                    Marketing Indicators
                                                          Projections for 2026

 Total Rekening Nasabah                                          1,688,200                                            Total Customer Account

 Rekening baru                                                      423,966                                                      New Account

 Jumlah rekening DPK                                              1,131,486                                          Number of TPF accounts

 Jumlah Dapem Pensiunan ASN                                         641,912                                   Number of ASN Retired Dapem

 Pencairan Kredit (jutaan Rupiah)                               12,100,000                                         Credit Disburdement (IDR)



Untuk mencapai target pemasaran di tahun 2026, Bank                      To achieve marketing targets in 2026, Bank Mandiri Taspen is
Mandiri Taspen berinovasi mengembangkan produk lanjutan.                 innovating to develop advanced products. Advanced products
Produk lanjutan difokuskan dalam rangka memberikan produk                are focused on providing products that are more competitive and
yang lebih kompetitif dan memberikan value added baik bagi               provide added value both for Bank Mandiri Taspen customers
nasabah Bank Mandiri Taspen maupun untuk perusahaan.                     and for companies. The following are plans for further products
Berikut adalah rencana produk lanjutan yang akan diterbitkan             that will be issued by Bank Mandiri Taspen in 2026 which are
Bank Mandiri Taspen di tahun 2026 yang disajikan sebagai                 presented as follows:
berikut:


Tabel Proyeksi Rencana Produk Lanjutan Tahun 2026
Projection Table for Advanced Product Plans for 2026


    Rencana Produk Lanjutan                                                         Deskripsi
    Advanced Product Plans                                                         Description


                                      Fitur 2026 : Fitur tarik tunai tanpa kartu melalui ATM Jalin (LINK), Fitur Setor Tunai (Cash In) Merchant
 Penambahan Fitur Unggulan pada
                                      Indomaret, Fitur QRIS Customer Presented Mode, Penambahan Biller pada Mobile Banking.
 Movin
                                      2026 Features: Cardless cash withdrawal feature via Jalin ATM (LINK), Indomaret Merchant Cash In
 Added Featured Features to Movin
                                      Feature, QRIS Customer Presented Mode Feature, Biller Addition to Mobile Banking.

                                      Layanan internet banking dengan fitur transfer intrabank, interbank, pembayaran pajak, payroll, payment
                                      purchase, liquidity management, dan fitur lainnya.
 New Mantap Cash Management
                                      Internet banking services with intrabank and interbank transfers, tax payments, payroll, payment
                                      purchases, liquidity management, and other features.

                                      Aplikasi Merchant ini dapat digunakan oleh Nasabah pemilik merchant/usaha kelolaan Bank Mandiri
                                      Taspen (acquiring) yang dapat diakses melalui aplikasi yang terintegrasi dengan sistem pembayaran
                                      QRIS Acquirer.
 Merchant app
                                      This Merchant Application can be used by Customers who own merchants/businesses managed by
                                      Bank Mandiri Taspen (acquiring) which can be accessed through an application integrated with the QRIS
                                      Acquirer payment system.

                                      Fasilitas kredit yang diberikan kepada nasabah Bank berupa pinjaman pemilikan rumah sesuai kebutuhan.
 Kredit Pemilikan Rumah (KPR)
                                      Credit facilities provided to Bank customers in the form of home ownership loans according to their
 Home Ownership Credit (KPR)
                                      needs.




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Analisis dan Pembahasan Manajemen atas Kinerja Bank
Management Discussion and Analysis of Bank Performance




    Rencana Produk Lanjutan                                                           Deskripsi
    Advanced Product Plans                                                           Description


                                       Fasilitas pembiayaan yang diselenggarakan oleh Bank Mandiri Taspen dalam rangka mendukung
 Kredit Program Perumahan (KPP)        pelaksanaan kebijakan pemerintah
 Housing Credit Program (KPP)          Financing facilities provided by Bank Mandiri Taspen in order to support the implementation of
                                       government policies

 Kredit Kendaraan Bermotor untuk       Produk ini ditujukan untuk menyediakan pembiayaan kredit pemilikan kendaraan bagi debitur untuk
 Kendaraan niaga                       tujuan produktif.
 Motor Vehicle Credit for Commercial   This product is intended to provide vehicle ownership credit financing for debtors for productive
 Vehicles                              purposes.

                                       Layanan Short Term Loan adalah fitur yang memungkinkan nasabah terpilih untuk dapat mencairkan
                                       dana tunai dari limit pre approved kredit via Movin ke rekening tabungan.
 Short Term Loan (Flexi Loan)
                                       The Short Term Loan service is a feature that allows selected customers to disburse cash from their pre-
                                       approved credit limit via Movin to their savings account.

                                       Layanan produk keuangan yang memungkinkan Nasabah membeli barang atau jasa segera namun
                                       skema pembayaran dilakukan secara mencicil dalam jangka waktu tertentu.
 Buy Now Pay Later
                                       A financial product service that allows customers to purchase goods or services immediately, but the
                                       payment scheme is made in installments over a certain period of time.

                                       Fasilitas kredit yang diberikan kepada nasabah berupa pembiayaan kredit multiguna dengan agunan
 Kredit Multiguna Agunan BPKB
                                       BPKB mobil dan motor.
 Multipurpose Credit with BPKB
                                       The credit facility provided to customers is in the form of multi-purpose credit financing with car and
 Collateral
                                       motorbike BPKB collateral.

 Tabungan siMantap Berjangka
 dengan benefit asuransi               Produk penghimpunan dana dengan fitur asuransi
 siMantap Berjangka Savings with       Fundraising product with insurance features
 insurance benefits

 PUB Obligasi Tahap II                 Penawaran Umum Berkelanjutan Efek Bersifat Utang dan/atau Sukuk adalah kegiatan penawaran
 PUB Bonds Phase II                    Continuous Public Offering of Debt Securities and/or Sukuk is an offering activity

                                       Jenis Produk:
                                       Transaksi SBN pasar sekunder
                                       Target Pasar:
 Transaksi Obligasi dengan nasabah     1. Nasabah Perorangan dan/atau
 (perorangan dan/atau institusi)       2. Nasabah Institusi
 Bond transactions with customers      Product Type:
 (individuals and/or institutions)     Secondary market SBN transactions
                                       Target Market:
                                       1. Individual Customers and/or
                                       2. Institutional Customers

 Obligasi Subordinasi
 Berkarakteristik Modal                Target Pasar: Group Usaha PT Bank Mandiri (Persero), Tbk dan PT Taspen (Persero)
 Capital-Characterized Subordinated    Target Market: PT Bank Mandiri (Persero), Tbk and PT Taspen (Persero) Business Group
 Bonds

                                       Alternatif penyaluran dana sesama institusi keuangan
 Bank Loan
                                       Alternative distribution of funds between financial institutions

                                       Fasilitas kredit yang diberikan kepada pegawai BUMN/BUMD/BHMN/Swasta yang akan memasuki usia
                                       pensiun (BUP) dan dilunasi tepat pada masa pensiun.
 KSM Dapen Diskonto
                                       Credit facilities provided to BUMN/BUMD/BHMN/Private sector employees who will enter retirement
                                       age (BUP) and are repaid at the time of retirement.

                                       Layanan Kredit Bulk dan Layanan Request for Payment (RFP)
 BI Fast Phase 1 batch 2
                                       Bulk Credit Services and Request for Payment (RFP) Services

                                       Produk ini dirancang untuk menjawab kebutuhan pembiayaan pegawai ASN/TNI/POLRI yang mendekati
                                       masa pensiun, namun memiliki keterbatasan arus kas sebelum memasuki masa pensiun
 KMPP Grace Period
                                       This product is designed to answer the financing needs of ASN/TNI/POLRI employees who are
                                       approaching retirement, but have limited cash flow before entering retirement.




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Proyeksi Pengembangan Sumber Daya Manusia                        Human Resources (HR) Development
(SDM)                                                            Projections

Dalam menghadapi tantangan bisnis di tahun 2026, Bank telah      In facing business challenges in 2026, the Bank has prioritized
menetapkan prioritas pelaksanaan training di bidang teknis       the implementation of training in technical and non-technical
dan bidang non teknis secara daring dan/atau luring melalui      fields online and/or offline through the following program:
program sebagai berikut:
1. Sertifikasi Kompetensi Kerja Sesuai SKKNI (Standar            1. Certification of Work Competencies in accordance
    Kompetensi Kerja Nasional Indonesia)                            with SKKNI (Indonesian National Work Competency
                                                                    Standards)
   Merupakan sertifikasi kompetensi yang mengacu pada               Competency certification that refers to nationally
   standar kompetensi yang ditetapkan secara nasional               established competency standards (SKKNI), which are
   (SKKNI), yang diwajibkan atau relevan dengan tugas-tugas         required or relevant to the specific tasks of employees in
   khusus pegawai di sektor perbankan, seperti Manajemen            the banking sector, such as Risk Management, General
   Risiko, General Banking, Audit Intern Bank, Kepatuhan, Anti      Banking, Bank Internal Audit, Compliance, Anti-Money
   Pencucian Uang dan Pencegahan Pendanaan Terorisme                Laundering and Prevention of Financing of Terrorism (APU-
   (APU-PPT), Sistem Pembayaran, dan Wakil Agen Penjual             PPT), Payment Systems, and Deputy Selling Agent for
   Efek Reksa Dana (WAPERD). Sertifikasi ini bertujuan              Mutual Fund Securities (WAPERD). This certification aims
   meningkatkan kredibilitas dan profesionalisme pegawai            to enhance the credibility and professionalism of employees
   dalam melaksanakan tugasnya sehari-hari secara efektif           in carrying out their daily duties effectively according to
   sesuai standar nasional.                                         national standards.
2. Sertifikasi Kompetensi Kerja Non SKKNI                        2. Non SKKNI Work Competency Certification
   Merupakan sertifikasi kompetensi yang tidak mengacu              Competency certification that does not refer directly to
   langsung pada SKKNI tetapi relevan dengan kebutuhan              SKKNI but is relevant to the needs of the organization
   organisasi dan industri jasa keuangan, seperti sertifikasi       and the financial services industry, such as certification
   dalam bidang Human Capital, IT & Security, pengadaan             in the fields of Human Capital, IT & Security, procurement
   barang dan jasa, maupun bidang lainnya sesuai dengan             of goods and services, and other fields in accordance
   kebutuhan spesifik organisasi untuk mendukung efektivitas        with the specific needs of the organization to support the
   operasional dan strategis Bank.                                  operational and strategic effectiveness of the Bank.
3. Training Peningkatan Kompetensi Lainnya                       3. Other Competency Improvement Training
   Merupakan        program     pelatihan    yang    bertujuan      Training program that aimed at improving employees’
   meningkatkan pemahaman serta keterampilan teknis                 understanding and technical skills beyond formal
   pegawai di luar sertifikasi formal, mencakup aspek bisnis,       certification, covering aspects of business, operations, and
   operasional, serta kesadaran risiko (business, operation,        risk awareness knowledge. This program is provided both
   and risk awareness knowledge). Program ini diberikan baik        through the LaunchPad Program (onboarding program
   melalui LaunchPad Program (program onboarding untuk              for new employees) and periodic training or refreshment
   pegawai baru) maupun pelatihan berkala atau refreshment          for all existing employees, to ensure employees have
   untuk seluruh pegawai existing, guna memastikan pegawai          competencies that are always relevant to business and
   memiliki kompetensi yang senantiasa relevan dengan               regulatory developments.
   perkembangan bisnis dan regulasi.
4. Training Soft Skill                                           4. Training Soft Skill
   Merupakan        program     pelatihan    yang    bertujuan      Training program that aims to develop employees’ soft
   mengembangkan keterampilan non-teknis (soft skills)              skills, such as communication, collaboration, building
   pegawai, seperti kemampuan komunikasi, kolaborasi,               effective working relationships, and conflict resolution
   membangun hubungan kerja yang efektif, serta keterampilan        skills. This training is organized through online and/or
   penyelesaian konflik. Pelatihan ini diselenggarakan melalui      offline workshops, and optimized through digital learning
   workshop secara daring dan/atau luring, serta dioptimalkan       platforms such as LinkedIn Learning to expand access
   melalui platform pembelajaran digital seperti LinkedIn           to learning content to all divisions, in order to accelerate
   Learning untuk memperluas akses konten pembelajaran ke           employee competency improvement in a flexible and
   seluruh divisi, guna mempercepat peningkatan kompetensi          efficient manner.
   pegawai secara fleksibel dan efisien.




2025 Annual Report                                                                                                    259
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Analisis dan Pembahasan Manajemen atas Kinerja Bank
Management Discussion and Analysis of Bank Performance




5. Training Kepemimpinan (Leadership)                              5. Leadership Training
   Merupakan program pelatihan yang bertujuan membangun               Training program that aims to build leadership
   kompetensi       kepemimpinan,     meliputi   kemampuan            competencies, including strategic decision-making skills,
   pengambilan keputusan strategis, pengelolaan risiko, serta         risk management, as well as skills to direct, coach, and
   keterampilan mengarahkan, membina, dan memotivasi                  motivate work teams. This program aims to prepare and
   tim kerja. Program ini bertujuan mempersiapkan dan                 develop leaders who are effective, visionary, and able
   mengembangkan pemimpin yang efektif, visioner, dan                 to support the achievement of organizational strategic
   mampu mendukung tercapainya tujuan strategis organisasi            goals in the financial services sector. The implementation
   di sektor jasa keuangan. Adapun penerapannya diharapkan            is expected to realize the “BANKER” leadership model in
   dapat mewujudkan leadership model “BANKER” pada diri               every leader of the Bank:
   setiap leader Bank:
   a. Bold, yang memiliki arti berani menyampaikan pendapat            a. Bold, which means dare to express opinions to
       untuk memotivasi, menginspirasi, dan membimbing                    motivate, inspire and guide others towards the greater
       orang lain menuju kebaikan yang lebih besar.                       good.
   b. Adaptive, yang memiliki arti bersedia dan mampu                  b. Adaptive, which means Able to adapt to developments
       beradaptasi, terutama saat menghadapi situasi yang                 in the digital Era.
       tidak biasa.
   c. Nimble, yang memiliki arti memiliki kemampuan                    c. Nimble, which means having the ability to react quickly
       untuk bereaksi dengan cepat dan berani mengambil                   and dare to make decisions efficiently with measurable
       keputusan secara efisien dengan risiko yang terukur.               risks.
   d. Knowledgable, yang memiliki arti memiliki pengetahuan            d. Knowledgable, which means Extensive knowledge and
       yang luas dan bersedia untuk berbagi informasi kepada              can always be relied on in all conditions.
       rekan kerja.
   e. Empathetic, yang memiliki arti mampu memahami                    e.   Empathetic, which means Able to understand diversity,
       keberagaman, menciptakan culture yang positif dan                    create a positive and supportive culture in the work
       suportif di lingkungan kerja untuk meningkatkan                      environment to increase productivity.
       produktifitas.
   f. Resilience, yang memiliki arti mampu untuk mengatasi             f.   Resilience, which means having the ability to provide
       tantangan, menghadapi ketidakpastian, dan pulih dari                 services that can captivate customers.
       kesulitan dengan cepat dan efektif.


Di tahun 2026, Bank akan melakukan training leadership             In 2026, the Bank will conduct leadership training including:
meliputi:
1. Officer Development Program (ODP)                               1. Officer Development Program (ODP)
    ODP merupakan program pengembangan yang dirancang                 ODP is a development program specifically designed for
    khusus untuk fresh graduate atau lulusan baru yang                fresh graduates or potential new graduates, with the aim
    potensial, dengan tujuan mempersiapkan mereka menjadi             of preparing them to become future leaders in the bank.
    calon pemimpin masa depan di bank. Peserta ODP biasanya           ODP participants usually undergo a series of systematic,
    menjalani rangkaian pelatihan yang sistematis, intensif, dan      intensive, and comprehensive training that includes
    komprehensif yang mencakup pelatihan teknis perbankan             technical banking training (operations, credit, funding, risk
    (operasi, kredit, funding, risk management, dll.), pelatihan      management, etc.), soft skills training, leadership training,
    soft skill, pelatihan kepemimpinan, serta rotasi tugas ( job      and job rotation in various work units. After completing this
    rotation) di berbagai unit kerja. Setelah menyelesaikan           program, participants are expected to be ready to be placed
    program ini, peserta diharapkan siap ditempatkan dalam            in various strategic positions as officers and prospective
    berbagai posisi strategis sebagai officer dan calon               bank leaders.
    pemimpin bank.
2. Staff Development Program (SDP)                                 2. Staff Development Program (SDP)
    SDP adalah program pengembangan yang dirancang                    SDP is a development program specifically designed for
    khusus untuk posisi staf yang memiliki potensi dan kinerja        staff positions that have good potential and performance
    baik untuk dipersiapkan ke jenjang tanggung jawab yang            to be prepared for higher levels of responsibility or to
    lebih tinggi atau untuk mengembangkan spesialisasi                develop certain specializations according to organizational
    tertentu sesuai kebutuhan organisasi. SDP bertujuan               needs. SDP aims to strengthen the technical capabilities,




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   memperkuat kemampuan teknis, kompetensi operasional,               operational competencies, and soft skills of the participants
   serta soft skill para peserta melalui pelatihan khusus             through specialized training tailored to the bank’s business
   yang disesuaikan dengan kebutuhan bisnis bank. Peserta             needs. Participants of this program are generally employees
   program ini umumnya adalah pegawai yang sudah memiliki             who already have certain work experience in the bank, with
   pengalaman kerja tertentu di bank, dengan tujuan agar              the aim that they can increase productivity and be ready to
   mereka dapat meningkatkan produktivitas serta siap untuk           take on greater responsibility.
   mengemban tanggung jawab lebih besar.
3. L3 Series Program (Learn, Leap, and Lead)                      3. L3 Series Program (Learn, Leap, and Lead)
   L3 Series Program adalah rangkaian program pelattraining          L3 Series Program is a series of leadership training programs
   kepemimpinan yang dirancang secara bertahap untuk                 designed in stages for employees at various managerial
   pegawai di berbagai jenjang manajerial, guna meningkatkan         levels, in order to improve leadership competencies in a
   kompetensi leadership secara sistematis dan terstruktur           systematic and structured manner according to the level of
   sesuai dengan tingkatan jabatan masing-masing. Program            each position. The program consists of three main levels:
   ini terdiri dari tiga tingkatan utama:
   a. Leadership Essentials for Achieving Resilient and               a. Leadership Essentials for Achieving Resilient and
        Empowerment (Learn)                                              Empowerment (Learn)
        Program ini ditujukan bagi para First Line Managers              This program is aimed at First Line Managers (e.g.
        (misalnya Business Manager dan Funding Transaction               Retired Relationship Officer/ROP and Funding
        Manager/FTM), yang berfokus pada penguatan fondasi               Transaction Manager/FTM), focusing on strengthening
        kepemimpinan dasar. Tujuan utama Learn adalah                    basic leadership foundations. Learn’s main objective
        membangun kompetensi esensial untuk memimpin diri                is to build essential competencies to effectively lead
        sendiri dan tim secara efektif, meningkatkan resiliensi          yourself and your team, increase resilience in the face
        dalam menghadapi tantangan, serta memberdayakan                  of challenges, and empower your team through basic
        tim melalui keterampilan dasar kepemimpinan.                     leadership skills.
   b. Leadership Empowerment Acceleration Program                     b. Leadership Empowerment Acceleration Program
        (Leap)                                                           (Leap)
        Program ini diperuntukkan bagi Middle Managers                   This program is intended for Middle Managers (e.g.
        (misalnya Operational Manager, Team Leader, Spoke                Operational Managers, Team Leaders, Spoke Managers,
        Manager, dan Supervisor) yang sudah memiliki                     and Supervisors) who already have managerial
        pengalaman manajerial dan perlu dikembangkan                     experience and need to be developed further.The main
        lebih lanjut.Tujuan utama Leap adalah mempercepat                objective of Leap is to accelerate the development of
        pengembangan           kemampuan     manajerial     dan          managerial abilities and advanced leadership skills,
        keterampilan kepemimpinan lanjutan, memberdayakan                empower the ability to make tactical decisions, manage
        kemampuan mengambil keputusan taktis, mengelola                  teams optimally, and improve the effectiveness of
        tim secara optimal, serta meningkatkan efektivitas               communication between levels and across functions in
        komunikasi antar level dan lintas fungsi di organisasi.          the organization.
   c. Leadership Excellence for Advancement Development               c. Leadership Excellence for Advancement Development
        (Lead)                                                           (Lead)
        Program ini dirancang khusus bagi Senior Managers                This program is specifically designed for Senior
        atau posisi strategis (Department Head, Office Head,             Managers or strategic positions (Department Head,
        Kepala Cabang, FTH, dan lain sebagainya), yang                   Office Head, Branch Head, FTH, etc.), which aims to
        bertujuan menyiapkan pemimpin senior yang mampu                  prepare senior leaders who are able to think strategically
        berpikir secara strategis dan visioner. Tujuan utama             and visionarily. The main objective of Lead is to develop
        Lead adalah mengembangkan pemimpin senior yang                   senior leaders who are able to make strategic decisions
        mampu membuat keputusan strategis secara efektif,                effectively, drive organizational transformation, manage
        mendorong transformasi organisasi, mengelola risiko              risk wisely, and lead change visionarily, thus supporting
        secara bijaksana, serta memimpin perubahan secara                the achievement of business goals in a sustainable
        visioner, sehingga mendukung pencapaian tujuan                   manner.
        bisnis secara berkelanjutan.




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Analisis dan Pembahasan Manajemen atas Kinerja Bank
Management Discussion and Analysis of Bank Performance




Kebijakan, Pengumuman dan                                         Policy, Announcement and Payment of
Pembayaran Dividen                                                Dividend

Kebijakan dan Pengumuman Dividen                                  Dividend Policy and Announcement

Dividen merupakan bagian laba yang diterima oleh pemilik          Dividends were the share of profits received by shareholders in
saham sebanding dengan bagian saham yang dimiliki,                proportion to the shares owned, which come from the profits
yang berasal dari keuntungan Bank Mandiri Taspen selama           of Bank Mandiri Taspen during its business for a period. The
usahanya dalam suatu periode. Pembagian dividen Bank              distribution of dividends at Bank Mandiri Taspen is based on the
Mandiri Taspen berdasarkan Kebijakan Akuntansi Bank               Accounting Policy of Bank Mandiri Taspen which took effect on
Mandiri Taspen yang berlaku sejak tanggal 23 Agustus 2017         August 23, 2017 and last renewed on October 1, 2024. If Bank
dan terakhir diperbaharui tanggal 1 Oktober 2024. Apabila         Mandiri Taspen has a positive profit balance, after deducting
Bank Mandiri Taspen mempunyai saldo laba positif, setelah         the provision for reserves, Bank Mandiri Taspen can distribute
dikurangi penyisihan untuk cadangan, Bank Mandiri Taspen          dividends with the amount and method of distribution in
dapat membagikan dividen dengan besaran dan tata cara             accordance with the agreement of the shareholders and after
pembagiannya sesuai kesepakatan pemegang saham serta              obtaining the decision of the General Meeting of Shareholders.
setelah memperoleh keputusan Rapat Umum Pemegang                  Bank Mandiri Taspen can distribute interim dividends before
saham. Bank Mandiri Taspen dapat membagikan dividen               the end of the financial year based on the decision of the
interim sebelum tahun buku berakhir berdasarkan keputusan         Board of Directors meeting with the approval of the Board of
Rapat Direksi dengan persetujuan Dewan Komisaris yang             Commissioners whose implementation takes into account the
pelaksanaannya memperhatikan peraturan perundang-                 applicable laws and regulations.
undangan yang berlaku.


Penggunaan laba bersih untuk tahun yang berakhir pada             The use of net profit for the years ending December 31, 2024
tanggal 31 Desember 2024 dan 2023 adalah sebagai berikut:         and 2023 is as follows:


Penggunaan Laba Bersih Tahun Buku 2023                            The Use of Net Profit For Fiscal Year 2023

Berdasarkan Berita Acara Keputusan Para Pemegang                  Based on the Minutes of Shareholders’ Decisions Outside the
Saham Diluar Rapat Umum Pemegang Saham Tahunan                    Annual General Meeting of Shareholders No. 17 dated June
Nomor 17 tanggal 27 Juni 2024 yang dibuat oleh Notaris            27, 2024 made by Notary Zulkifli Harahap, S.H., Notary in
Zulkifli Harahap, S.H., Notaris di Jakarta, pemegang saham        Jakarta, shareholders agreed to set aside profits for the 2023
menyetujui untuk menyisihkan laba tahun buku 2023 sebesar         fiscal year amounting to IDR140,940,383,106 as dividends
Rp140.940.383.106 sebagai dividen kepada pemegang                 to shareholders, The Company did not set aside any profit for
saham, Perseroan tidak menyisihkan laba untuk cadangan            General reserve due to the fulfillment of the reserve of 20%
Umum sehubungan telah terpenuhinya cadangan sebesar               of the Company’s Paid-up Capital, so that the remaining
20% dari Modal Disetor Perseroan, sehingga sisanya sebesar        IDR1,268,463,447,957 was included as retained earnings.
Rp1.268.463.447.957 dimasukkan sebagai saldo laba.


Penggunaan Laba Bersih Tahun Buku 2024                            The Use of Net Profit For Fiscal Year 2024

Berdasarkan Berita Acara Keputusan Para Pemegang Saham            Based on the Minutes of Shareholders’ Decision Outside the
Diluar Rapat Umum Pemegang Saham Tahunan No. 17                   Annual General Meeting of Shareholders No. 17 dated June
tanggal 27 Juni 2024 yang dibuat oleh Notaris Zulkifli Harahap,   27, 2024 made by Notary Zulkifli Harahap, S.H., Notary in
S.H., Notaris di Jakarta, pemegang saham menyetujui untuk         Jakarta, the shareholders agreed to set aside the 2023 financial
menyisihkan laba tahun buku 2023 sebesar Rp140.940                year profit of IDR140,940 as dividends to shareholders and
sebagai dividen kepada pemegang saham dan Rp1.268.463             IDR1,268,463 will be included as retained earnings.
akan dimasukkan sebagai saldo laba.




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Pembayaran Dividen                                                         Dividend Payments

Pembayaran dividen tahun buku 2024 dilakukan pada tanggal                  Dividend payments for the 2024 financial year will be made
15 Desember 2025. Sedangkan pembayaran dividen tahun                       on December 15, 2025. Meanwhile, dividend payments for the
buku 2023 dilakukan pada tanggal 13 Desember 2024. Untuk                   2023 financial year will be made on December 13, 2024. The
pembayaran dividen tahun buku 2025 akan diputuskan dalam                   dividend payments for the 2025 financial year will be decided
RUPS pada tahun 2026.                                                      at the GMS in 2026.


Tabel Pengumuman dan Pembayaran Dividen
Table of Dividend Announcement and Payment

                                        Tahun Buku 2024         Tahun Buku 2023       Tahun Buku 2022
              Uraian                                                                                                 Description
                                         Fiscal Year 2024        Fiscal Year 2023      Fiscal Year 2022

 Laba Bersih (Rp penuh)                  1.577.550.241.054      1,409,403,831,063      1,206,111,557,990                Net Profit (full IDR)

 Dividen Kas (Rp penuh)                     157.755.024.105       140,940,383,106        120,611,155,799           Cash Dividend (full IDR)

 Dividen Non Kas *)                                         -                   -                       -           Non-Cash Dividends *)

 Saham (lembar)                               1,638,608,705         1,638,608,705          1,638,608,705                    Shares (shares)

 Dividen Kas Per Saham (Rp                                                                                    Cash Dividend Per Share (full
                                              1.638.608.705                 86.01                   73.61
 penuh)                                                                                                                              IDR)

 Dividen Non Kas Per Saham                                                                                   Non-Cash Dividend Per Share
                                                            -                   -                       -
 (Rp) *)                                                                                                                         (IDR) *)

 Dividend Pay Out Ratio (%)                               10%                10%                     10%        Dividend Pay Out Ratio (%)

                                          8 Desember 2025        4 Desember 2024        1 Desember 2023
 Tanggal Pengumuman                                                                                                   Announcement Date
                                          December 8, 2025       December 4, 2024       December 1, 2023

                                         15 Desember 2025       13 Desember 2024       15 Desember 2023
 Tanggal Pembayaran                                                                                                          Payment date
                                         December 15, 2025      December 13, 2024      December 15, 2023

 Tanggal Pembayaran Dividen                                                                                   Non-Cash Dividend Payment
                                                            -                   -                       -
 Non Kas *)                                                                                                                       Date*)

*) Bank Mandiri Taspen tidak memiliki dividen non kas
*) Bank Mandiri Taspen does not have non-cash dividends




Realisasi Penggunaan Dana Hasil                                            Realization of Use of Public Offering
Penawaran Umum                                                             Proceeds
Pada tahun 2025, Bank Mandiri Taspen tidak dalam periode                   In 2025, Bank Mandiri Taspen was not in the reporting period
pelaporan realisasi penggunaan dana hasil penawaran umum                   for the realization of the use of proceeds from the public
oleh karena itu tidak terdapat informasi terkait jumlah perolehan          offering, therefore there was no information regarding the
dana, rencana penggunaan dana, rincian penggunaan dana,                    amount of funds obtained, the planned use of funds, details of
saldo dana, dan tanggal persetujuan RUPS atas perubahan                    the use of funds, the balance of funds, and the date of approval
penggunaan dana.                                                           of the GMS for changes in the use of funds.

Sesuai dengan POJK Nomor 30/POJK.04/2015 tentang Laporan                   In accordance with OJK Regulation Number 30/POJK.04/2015
Realisasi Penggunaan Dana Hasil Penawaran Umum, Bank                       concerning the Report on the Realization of the Use of Proceeds
Mandiri Taspen telah melaporkan Realisasi Penggunaan Dana                  from Public Offerings, Bank Mandiri Taspen has reported the
Hasil Penawaran Umum sebagai berikut.                                      Realization of the Use of Proceeds from Public Offerings as
                                                                           follows.




2025 Annual Report                                                                                                                263
Page 264
Analisis dan Pembahasan Manajemen atas Kinerja Bank
Management Discussion and Analysis of Bank Performance




Tabel Realisasi Penggunaan Dana Hasil Penawaran Umum
Table of Realization of Use of Proceeds from Public Offering



                                                                           Nilai Realisasi Hasil Penawaran Umum
                                                                           Realized Value of Public Offering Results

              Deskripsi             Tanggal Efektif
 No.                                                             Jumlah Hasil
             Description             Effective Date                                   Biaya Penawaran
                                                              Penawaran Umum                                         Hasil Bersih
                                                                                             Umum
                                                                  (dalam Rp)                                         (dalam Rp)
                                                                                         (dalam Rp)
                                                             Total Public Offering                                    Net Profit
                                                                                     Public Offering Fees
                                                                   Proceeds                                            (in IDR)
                                                                                            (in IDR)
                                                                    (in IDR)

  1               2                         3                         4                        5                            6

       Penawaran Umum
                                       26 Juni 2025
  1    Obligasi                                                1.500.000.000.000         5.280.000.000           1.494.720.000.000
                                      June 26, 2025
       Public Offering of Bonds




Informasi Material Mengenai Investasi,                                 Material Information Regarding
Ekspansi, Penggabungan/Peleburan                                       Investment, Expansion, Merger/
Usaha, Divestasi, Akuisisi, atau                                       Consolation of Businesses, Divestment,
Restrukturisasi Utang dan Modal                                        Acquisition, or Restructuring of Debt
                                                                       and Capital

Investasi                                                              Investment

Bank Mandiri Taspen memiliki investasi dalam bentuk efek-              Bank Mandiri Taspen has investments in securities increased
efek yang mengalami kenaikan dari tahun sebelumnya. Rincian            compared to the previous year. The details of these securities
efek-efek tanggal 31 Desember 2025 dan 2024 adalah sebagai             as of December 31, 2025, and 2024, are as follows.
berikut.


Tabel Rincian Efek-Efek						
Table of Securities Details
                                                                                                         (dalam jutaan Rupiah / in IDR million)


                                                                             Pertumbuhan
                                                                                Growth
              Uraian                   2025               2024                                                 Description
                                                                          (Rp)           (%)

 Pihak berelasi                                                                                                           Related parties

 Biaya Perolehan Diamortisasi -
                                                                                                                 Amortized Cost - IDR
 Rupiah

 Obligasi Pemerintah                  4,174,465          4,227,396        (52,931)      (1.25%)                      Government Bonds

 Nilai Wajar melalui Penghasilan                                                                            Fair Value through Other
 Komprehensif Lain - Rupiah                                                                              Comprehensive Income - IDR

 Obligasi Pemerintah                  5,830,452          3,925,501     1,904,951        48.53%                      Obligasi Pemerintah

 Nilai Wajar melalui Laba Rugi -                                                                         Fair Value through Profit and
 Rupiah                                                                                                                    Loss - IDR

 Obligasi Pemerintah                   101,306                   -        101,306      100,00%                       Government Bonds

                                    10,106,223           8,152,897     1,953,326        23.96%




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                                                                                                                 PT Bank Mandiri Taspen




                                                                                                                   Sisa Dana Hasil
             Rencana Penggunaan Dana                                 Realisasi Penggunaan Dana                    Penawaran Umum
               Planned Use of Funds                                    Realization of Fund Use                   Remaining Funds from
                                                                                                                    Public Offering


   Penyaluran Kredit                                       Penyaluran Kredit
                                         Total
      (dalam Rp)                                              (dalam Rp)               Total (dalam Rp)                 (dalam Rp)
                                      (dalam Rp)
  Loan Distribution (in                                   Loan Distribution (in          Total (in IDR)                   (in IDR)
                                     Total (in IDR)
         IDR)                                                    IDR)


                7                            8                       9                        10                             11


      1.494.720.000.000            1.494.720.000.000        1.494.720.000.000          1.494.720.000.000                      -




                                                                               Pertumbuhan
                                                                                  Growth
                Uraian                       2025         2024                                                     Description
                                                                            (Rp)           (%)

 Pihak ketiga                                                                                                                     Third party

 Biaya Perolehan Diamortisasi -
                                                                                                                      Amortized Cost - IDR
 Rupiah

 Sekuritas Rupiah Bank Indonesia                                                                         Sekuritas Rupiah Bank Indonesia
                                             299,960     2,995,161       (2,695,201)     -89.99%
 (SRBI)                                                                                                                           (SRBI)

 Nilai Wajar melalui Penghasilan                                                                               Fair Value through Other
 Komprehensif Lain - Rupiah                                                                                 Comprehensive Income - IDR

 Sekuritas Rupiah Bank Indonesia                                                                         Sekuritas Rupiah Bank Indonesia
                                            2,120,024    1,581,235          538,789       34.07%
 (SRBI)                                                                                                                           (SRBI)

 Nilai wajar melalui laba rugi -                                                                               Fair Value through Profit and
 Rupiah                                                                                                                          Loss - IDR

 Sekuritas Rupiah Bank Indonesia                                                                         Sekuritas Rupiah Bank Indonesia
                                             493,125             -          493,125      100,00%
 (SRBI)                                                                                                                           (SRBI)

                                            2,913,109    4,576,396       (1,663,287)     (36.34%)

 Total - Neto                              13,019,332   12,729,293         290,039         2.28%                                  Total - Nett




Tabel Penambahan Investasi Dalam Bentuk Pembelian Efek/Obligasi Baru
Table of Additional Investment in the Form of Purchasing New Securities/Bonds


                                   Seri
                                                                                                   Deal Date
                                   Serie

                                                                                          31 Juli - 8 Desember 2025
 FR
                                                                                         July 31 - Desember 8, 2025

                                                                                       15 Oktober - 5 November 2025
 PBS
                                                                                       October 15 - November 5, 2025

                                                                                         16 Mei - 15 Desember 2025
 INDOSR
                                                                                         May 16 - December 15, 2025




2025 Annual Report                                                                                                                  265
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Analisis dan Pembahasan Manajemen atas Kinerja Bank
Management Discussion and Analysis of Bank Performance




Ekspansi                                                          Expansion

Selama tahun 2025, Bank Mandiri Taspen tidak melakukan            During 2025, Bank Mandiri Taspen did not conduct any
kegiatan ekpanasi penambahan kantor.                              additional office expansion activities.


Penggabungan/Peleburan Usaha                                      Business Merger/Consolidation

Selama tahun 2025, Bank Mandiri Taspen tidak melakukan            During 2025, Bank Mandiri Taspen did not carry out business
kegiatan penggabungan/peleburan usaha.                            merger/consolidation activities.


Divestasi                                                         Divestment

Selama tahun 2025, Bank Mandiri Taspen tidak melakukan            During 2025, Bank Mandiri Taspen did not carry out any
kegiatan divestasi.                                               divestment activities.


Akuisisi                                                          Acquisition

Selama tahun 2025, Bank Mandiri Taspen tidak melakukan            During 2025, Bank Mandiri Taspen did not carry out any
kegiatan akuisisi.                                                acquisition activities.


Restrukturisasi Utang dan Modal                                   Debt and Capital Restructuring

Selama tahun 2025, Bank Mandiri Taspen tidak melakukan            During 2025, Bank Mandiri Taspen did not carry out debt
transaksi restrukturisasi utang dan/atau restrukturisasi modal.   restructuring and/or capital restructuring transactions.



Informasi Material yang Mengandung                                Material Information Containing Conflicts
Benturan Kepentingan, Transaksi Afiliasi                          of Interest, Affiliate Transactions and
dan Transaksi Pihak Berelasi                                      Related Party Transactions

Transaksi Material adalah setiap transaksi yang dilakukan         Material Transactions are any transactions carried out by a
oleh perusahaan terbuka atau perusahaan terkendali yang           public company or controlled company that meet the transaction
memenuhi batasan nilai transaksi sama dengan 20% (dua             value limit equal to 20% (twenty percent) or more of the Public
puluh persen) atau lebih dari ekuitas Perusahaan Terbuka          Company’s equity (Financial Services Authority Regulation
(Peraturan Otoritas Jasa Keuangan Nomor 17/POJK.04/2020           Number 17/POJK.04/2020 concerning Material Transactions
Tentang Transaksi Material dan Perubahan Kegiatan Usaha).         and Changes in Business Activities).


Lingkup Transaksi:                                                Transaction Scope:
Perusahaan Terbuka yang melakukan Transaksi Material dalam:       Public Companies that carry out Material Transactions in:
a. 1 (satu) kali transaksi; atau                                  a. 1 (one) transaction; or
b. Suatu rangkaian transaksi untuk suatu tujuan atau kegiatan     b. A series of transactions for a particular purpose or activity
    tertentu, wajib memenuhi ketentuan sebagaimana diatur             must comply with the provisions as regulated in OJK
    dalam POJK Nomor 17/POJK.04/2020.                                 Regulation No.17/ POJK.04/2020.


Batasan Nilai:                                                    Value Limitations:
(1) Suatu transaksi dikategorikan sebagai Transaksi Material      (1) A transaction is categorized as a Material Transaction if the
    apabila nilai transaksi sama dengan 20% (dua puluh                transaction value is equal to 20% (twenty percent) or more
    persen) atau lebih dari ekuitas Perusahaan Terbuka.               of the Public Company’s equity.
(2) Transaksi berupa perolehan dan pelepasan atas perusahaan      (2) Transactions in the form of acquisition and disposal of
    atau segmen operasi dikategorikan sebagai Transaksi               companies or operating segments are categorized as
    Material dalam hal:                                               Material Transactions in the event that:
    a. Nilai transaksi sama dengan 20% (dua puluh persen)             a. The transaction value is equal to 20% (twenty percent)
        atau lebih dari ekuitas Perusahaan Terbuka;                        or more of the Public Company’s equity;
    b. Total aset yang menjadi objek transaksi dibagi total           b. The total assets that are the object of the transaction
        aset Perusahaan Terbuka nilainya sama dengan atau                  divided by the total assets of the Public Company are
        lebih dari 20% (dua puluh persen);                                 equal to or more than 20% (twenty percent);




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                                                                                                            PT Bank Mandiri Taspen




     c. Laba bersih objek transaksi dibagi dengan laba bersih          c.   The net profit of the transaction object divided by the
        Perusahaan Terbuka nilainya sama dengan atau lebih                 net profit of the Public Company is equal to or more
        dari 20% (dua puluh persen); atau                                  than 20% (twenty percent); or
    d. Pendapatan usaha objek transaksi dibagi dengan                  d. The business income of the transaction object divided
        pendapatan usaha Perusahaan Terbuka nilainya sama                  by the business income of the Public Company is equal
        dengan atau lebih dari 20% (dua puluh persen).                     to or more than 20% (twenty percent).
(3) Dalam hal transaksi sebagaimana dimaksud pada (1) dan          (3) In the event that the transactions as intended in (1) and
    (2) dilakukan oleh Perusahaan Terbuka yang mempunyai               (2) are carried out by a Public Company that has negative
    ekuitas negatif, transaksi dikategorikan sebagai Transaksi         equity, the transaction is categorized as a Material
    Material apabila nilai transaksi sama dengan 10% (sepuluh          Transaction if the transaction value is equal to 10% (ten
    persen) atau lebih dari total aset Perusahaan Terbuka.             percent) or more of the Public Company’s total assets.


Transaksi Benturan Kepentingan                                     Conflict of Interest Transactions

Sesuai ketentuan dalam Peraturan Otoritas Jasa Keuangan            In accordance with the provisions of the Financial Services
Nomor 42/POJK.04/2020 Tentang Transaksi Afiliasi dan               Authority Regulation Number 42/POJK.04/2020 Concerning
Transaksi Benturan Kepentingan, Benturan Kepentingan               Affiliated Transactions and Conflicts of Interest Transactions,
adalah perbedaan antara kepentingan ekonomis perusahaan            a conflict of interest is the difference between the economic
terbuka dengan kepentingan ekonomis pribadi anggota                interests of a public company and the personal economic
Direksi, anggota Dewan Komisaris, Pemegang Saham Utama,            interests of members of the Board of Directors, members of the
atau Pengendali yang dapat merugikan perusahaan terbuka            Board of Commissioners, Major Shareholders or Controlling can
dimaksud.                                                          be detrimental to the said public company


Dalam rangka pengelolaan benturan kepentingan, Bank Mandiri        In order to manage conflicts of interest, Bank Mandiri Taspen
Taspen telah memiliki pedoman untuk mengelola benturan             has guidelines for managing conflicts of interest as set out
kepentingan sebagaimana tertuang dalam kerangka Kebijakan Bank     in the Bank Mandiri Taspen Policy framework, namely Policy
Mandiri Taspen yaitu Arsitektur Kebijakan Nomor KEB/002/X/2024     Architecture Number KEB/002/X/2024 dated October 1,
tanggal 1 Oktober 2024 yang selanjutnya diturunkan dalam           2024 which was further derived in Governance Standard
Standar Prosedur Tata Kelola Nomor SP/044/X/2024 tanggal 28        Procedures Number SP/044/X/2024 dated October 28, 2024
Oktober 2024 untuk mengatur Penanganan Benturan Kepentingan        to regulate Conflict of Interest Handling and Conflict of Interest
dan Pengelolaan Benturan Kepentingan.                              Management.


Sampai dengan akhir tahun 2025, tidak terdapat transaksi           Until the end of 2025, there were no conflict of interest
benturan kepentingan.                                              transactions.


Transaksi Afiliasi                                                 Affiliated Transactions

Berdasarkan ketentuan Peraturan Otoritas Jasa Keuangan             Based on the provisions of the Financial Services Authority
Nomor 42/POJK.04/2020 Tentang Transaksi Afiliasi dan               Regulation Number 42/POJK.04/2020 Concerning Affiliated
Transaksi Benturan Kepentingan, Afiliasi adalah:                   Transactions and Transactions with Conflicts of Interest,
                                                                   Affiliates are:
a. Hubungan keluarga karena perkawinan dan keturunan               a. Family relations by marriage and descent to the second
   sampai derajat kedua, baik secara horizontal maupun vertikal;        degree, both horizontally and vertically;
b. Hubungan antara pihak dengan Pegawai, Direktur, atau            b. The relationship between the party and the employee,
   Komisaris dari pihak tersebut;                                       director or commissioner of the party;
c. Hubungan antara 2 (dua) Perusahaan di mana terdapat 1           c. Relationship between 2 (two) companies where there is 1
   (satu) atau lebih anggota Direksi atau Dewan Komisaris               (one) or more members of the same Board of Directors or
   yang sama;                                                           Board of Commissioners;
d. Hubungan antara Perusahaan dan Pihak, baik langsung             d. The relationship between the Company and the Party,
   maupun tidak langsung, mengendalikan atau dikendalikan               either directly or indirectly, controls or is controlled by the
   oleh perusahaan tersebut;                                            company;
e. Hubungan antara 2 (dua) perusahaan yang dikendalikan, baik      e. Relationship between 2 (two) companies that are
   langsung maupun tidak langsung, oleh pihak yang sama; atau           controlled, either directly or indirectly, by the same party; or
f. Hubungan antara Perusahaan dan Pemegang Saham                   f. Relationship between the Company and Major
   Utama.                                                               Shareholders.




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Management Discussion and Analysis of Bank Performance




Selanjutnya transaksi Afiliasi adalah setiap aktivitas dan/           Furthermore, Affiliate transactions are any activities and/ or
atau transaksi yang dilakukan oleh perusahaan terbuka atau            transactions carried out by public companies or controlled
perusahaan terkendali dengan Afiliasi dari perusahaan terbuka         companies with Affiliates of public companies or Affiliates of
atau Afiliasi dari Anggota Direksi, Anggota Dewan Komisaris,          Members of the Board of Directors, Members of the Board of
Pemegang Saham Utama, atau Pengendali, termasuk setiap                Commissioners, Major Shareholders, or Controlling, including
aktivitas dan/atau transaksi yang dilakukan oleh Perusahaan           any activities and/or transactions carried out by Public Company
Terbuka atau Perusahaan Terkendali untuk kepentingan Afiliasi         or Controlled Company for the benefit of Affiliates of Public
dari Perusahaan Terbuka atau Afiliasi dari anggota Direksi,           Companies or Affiliates of members of the Board of Directors,
Anggota Dewan Komisaris, Pemegang Saham Utama, atau                   Members of the Board of Commissioners, Major Shareholders,
Pengendali.                                                           or Controllers.


Sampai dengan akhir tahun 2025, tidak terdapat transaksi              As of the end of 2025, there were no material transactions that
material yang memenuhi kategori transaksi pihak afiliasi.             met the category of affiliated party transactions.


Transaksi Pihak Berelasi                                              Related Party Transactions

Pihak-pihak berelasi adalah perusahaan dan perorangan                 Related parties are companies and individuals who have
yang mempunyai keterkaitan kepemilikan atau kepengurusan              direct or indirect ownership or management links with Bank
secara langsung maupun tidak langsung dengan Bank Mandiri             Mandiri Taspen. In normal business activities, Bank Mandiri
Taspen. Dalam kegiatan normal usaha, Bank Mandiri Taspen              Taspen conducts transactions with related parties as banking
melakukan transaksi dengan pihak berelasi adalah transaksi            transactions in general. Transactions with related parties
perbankan seperti pada umumnya. Transaksi dengan pihak                are carried out with the same terms and conditions (arm’s
berelasi tersebut dilaksanakan dengan syarat dan kondisi              length) as those carried out with unrelated parties, except
yang sama (arm’s length) sebagaimana dilakukan dengan                 for loans granted to employees of Bank Mandiri Taspen. The
pihak tidak berelasi, kecuali pinjaman yang diberikan kepada          Bank provides similar interest rates for third party funds with
karyawan Bank Mandiri Taspen. Bank memberikan suku bunga              related parties and third parties. Bank Mandiri Taspen also uses
yang serupa untuk dana pihak ketiga dengan pihak berelasi             interest rates that are similar between related parties and third
dan pihak ketiga. Bank Mandiri Taspen juga menggunakan                parties in the context of providing loan.
suku bunga yang serupa antara pihak berelasi dan pihak ketiga
dalam rangka pemberian pinjaman yang diberikan.


Nama dan Sifat Hubungan Berelasi                                      Name and Nature of Related Relations

Tabel di bawah menunjukkan rincian pihak-pihak berelasi               The table below shows details of related parties with Bank
dengan Bank Mandiri Taspen beserta sifat dari transaksi               Mandiri Taspen and the nature of the transaction.
tersebut.


Tabel Sifat Hubungan Berelasi
Table of Related Party Nature of Relationship

            Pihak Berelasi                     Sifat Hubungan Pihak Berelasi                              Transaksi
            Related Party                      Nature of Related Relationship                            Transaction

                                                                                        Giro pada bank lain, simpanan pada bank lain,
                                                                                        pinjaman yang diterima,efek-efek yang dijual
                                                                                        dengan janji dibeli kebali, pendapatan bunga,
                                         Entitas induk
PT Bank Mandiri (Persero) Tbk                                                           surat berharga yang diterbitkan, beban bunga
                                         Parent entity
                                                                                        Current Accounts with other banks, deposits
                                                                                        with other banks, loans received, interest
                                                                                        income, securities issued, interest expense

                                                                                       Giro pada bank lain, pendapatan bunga
                                         Anak perusahaan PT Bank Mandiri (Persero) Tbk
PT Bank Syariah Indonesia Tbk                                                          Current Accounts with other banks, interest
                                         Subsidiary of PT Bank Mandiri (Persero) Tbk
                                                                                       income

                                                                                        Giro pada bank lain, pendapatan bunga, surat
                                         Badan Usaha Milik Negara                       berharga yang diterbitkan, beban bunga
PT Bank Rakyat Indonesia (Persero) Tbk
                                         State-Owned Enterprise                         Current Accounts with other banks, interest
                                                                                        income, securities issued, interest expense




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                                                                                                                 PT Bank Mandiri Taspen




            Pihak Berelasi                      Sifat Hubungan Pihak Berelasi                                 Transaksi
            Related Party                       Nature of Related Relationship                               Transaction

                                          Badan Usaha Milik Negara                         Simpanan nasabah, beban bunga
PT Asuransi Jasa Indonesia (Persero)
                                          State-Owned Enterprise                           Customer deposits, interest expense

                                          Anak perusahaan PT Taspen (Persero)              Simpanan nasabah, beban bunga
PT Taspen Abadi Sentosa
                                          Subsidiary of PT Taspen (Persero)                Customer deposits, interest expense

                                          Dikendalikan oleh entitas anak PT Bank Mandiri
                                          (Persero) Tbk                                    Simpanan nasabah, beban bunga
PT Estika Daya Mandiri
                                          Controlled by Subsidiary of PT Bank Mandiri      Customer deposits, interest expense
                                          (Persero) Tbk

                                                                                           Efek-efek, pendapatan bunga, aset lain-lain
                                          Pemegang Saham Akhir
Pemerintah Republik Indonesia                                                              Marketable securities, interest income, other
                                          Final Shareholder
                                                                                           assets

                                                                                           Surat berharga yang diterbitkan, beban bunga,
                                          Anak perusahaan PT Taspen (Persero)              simpanan nasabah
PT Dana Pensiun Karyawan Taspen
                                          Subsidiary of PT Taspen (Persero)                Securities issued, interest expense, customer
                                                                                           deposits

                                                                                           Simpanan nasabah, surat berharga yang
                                          Badan Usaha Milik Negara                         diterbitkan, beban bunga
Perum Jaminan Kredit Indonesia
                                          State-Owned Enterprise                           Customer deposits, securities issued, interest
                                                                                           expense

                                          Dikendalikan oleh PT Bank Mandiri (Persero) Tbk
                                                                                          Simpanan nasabah, beban bunga
PT Mandiri Tunas Finance                  Controlled by Subsidiary of PT Bank Mandiri
                                                                                          Customer deposits, interest expense
                                          (Persero) Tb

                                          Dikendalikan oleh PT Bank Mandiri (Persero) Tbk Simpanan nasabah, beban bunga
PT Mandiri Utama Finance
                                          Controlled by oleh PT Bank Mandiri (Persero) Tbk Customer deposits, interest expense

                                                                                          Simpanan nasabah, surat berharga yang
                                          Dikendalikan oleh PT Bank Mandiri (Persero) Tbk diterbitkan, beban bunga, biaya dibayar dimuka
PT Asuransi Jiwa Inhealth Indonesia
                                          Parent Entity’s Associated Company              Customer deposits, securities issued, interest
                                                                                          expense, prepaid expenses

                                                                                           Aset lain-lain, simpanan nasabah, beban bunga
                                          Badan Usaha Milik Negara
PT Asuransi Kredit Indonesia (Persero)                                                     Other assets, customer deposits, interest
                                          State-Owned Enterprise
                                                                                           expense

                                                                                           Simpanan nasabah, beban bunga, Beban umum
                                          Badan Usaha Milik Negara                         dan administrasi
PT Pos Indonesia (Persero)
                                          State-Owned Enterprise                           Customer deposits, interest expense, general
                                                                                           and administrative expenses

                                          Badan Usaha Milik Negara                         Simpanan nasabah, beban bunga
PT Indonesia Infrastructure Finance
                                          State-Owned Enterprise                           Customer deposits, interest expense

                                                                                           Surat berharga yang diterbitkan, pinjaman yang
                                          Badan Usaha Milik Negara                         diterima, beban bunga
PT Bank Tabungan Negara (Persero) Tbk
                                          State-Owned Enterprise                           Securities issued, received loans, interest
                                                                                           expense

                                                                                           Surat berharga yang diterbitkan, simpanan
                                          Badan Usaha Milik Negara                         nasabah, beban bunga
PT Reasuransi Indonesia Utama (Persero)
                                          State-Owned Enterprise                           Securities issued, customer deposits, interest
                                                                                           expense

                                                                                           Aset Lain-lain, simpanan Nasabah, beban umum
                                          Entitas Anak dari Badan Usaha Milik Negara       dan administrasi
PT Asuransi Perisai Listrik Nasional
                                          Entitas Anak dari Badan Usaha Milik Negara       Other assets, prepaid expenses, customer
                                                                                           deposits, interest expense

                                                                                           Simpanan nasabah, kredit yang diberikan, aset
                                          Pejabat kunci manajemen                          lain-lain, pendapatan bunga, beban bunga
Pejabat Eksekutif Bank
                                          Key management officials                         Customer deposits, loans granted, other assets,
                                                                                           interest income, interest expense

                                          Badan Usaha Milik Negara                         Surat berharga yang diterbitkan, beban bunga
BPJS Ketenagakerjaan
                                          State-Owned Enterprise                           Securities issued, interest expense




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Page 270
Analisis dan Pembahasan Manajemen atas Kinerja Bank
Management Discussion and Analysis of Bank Performance




            Pihak Berelasi                       Sifat Hubungan Pihak Berelasi                                 Transaksi
            Related Party                        Nature of Related Relationship                               Transaction

                                           Dikendalikan oleh Dana Pensiun Bank Mandiri      Simpanan nasabah, beban bunga
PT Mulia Sasmita Bhakti
                                           Controlled by Bank Mandiri Pension Fund          Customer deposits, interest expense

                                                                                            Simpanan nasabah, beban bunga, surat
                                           PT Bank Mandiri (Persero) Tbk sebagai pendiri    berharga yang diterbitkan
Dana Pensiun Bank Mandiri
                                           PT Bank Mandiri (Persero) Tbk as founder         Customer deposits, interest expense, securities
                                                                                            issued

                                           Anak perusahaan PT Taspen (Persero)              Simpanan nasabah, beban bunga
PT Asuransi Jiwa Taspen
                                           Subsidiary of PT Taspen (Persero)                Customer deposits, interest expense

                                           Dikendalikan oleh Dana Pensiun Bank Mandiri      Simpanan nasabah, beban bunga
PT Usaha Gedung Mandiri
                                           Controlled by Bank Mandiri Pension Fund          Customer deposits, interest expense

                                                                                            Biaya dibayar dimuka, simpanan nasabah, beban
                                                                                            bunga, beban umum dan administrasi, surat
                                           Pemegang saham dengan pengaruh signifikan        berharga yang diterbitkan
PT Taspen (Persero)
                                           Shareholders with significant influence          Prepaid expenses, customer deposits, interest
                                                                                            expense, general and administrative expenses,
                                                                                            securities issued

                                           Dikendalikan oleh entitas anak PT Bank Mandiri
                                                                                            Efek-efek, simpanan nasabah, beban bunga
                                           (Persero) Tbk
PT Mandiri Manajemen Investasi                                                              Marketable securities, customer deposits,
                                           Controlled by subsidiary of PT Bank Mandiri
                                                                                            interest expense
                                           (Persero) Tbk

                                           Dikendalikan oleh Dana Pensiun Bank Mandiri      Simpanan nasabah, beban bunga
PT Bumi Daya Plaza
                                           Controlled by Bank Mandiri Pension Fund          Customer deposits, interest expense

PT Penjaminan Infrastruktur Indonesia      Badan Usaha Milik Negara                         Simpanan nasabah, beban bunga
(Persero)                                  State-Owned Enterprise                           Customer deposits, interest expense

                                           Enittas Anak dari Badan Usaha Milik Negara       Simpanan nasabah, beban bunga
PT Aero Globe Indonesia
                                           Subsidiary of State-Owned Enterprise             Customer deposits, interest expense

                                                                                            Simpanan nasabah, beban bunga, biaya dibayar
                                           Badan Usaha Milik Negara                         dimuka, beban umum dan administrasi
PT Asabri (Persero)
                                           State-Owned Enterprise                           Customer deposits, interest expense, prepaid
                                                                                            expenses, general and administrative expenses

Koperasi Kesehatan Pegawai dan
                                           Dikendalikan oleh PT Bank Mandiri (Persero) Tbk Simpanan nasabah, beban bunga
Pensiunan Bank Mandiri (Mandiri
                                           Controlled by PT Bank Mandiri (Persero) Tbk     Customer deposits, interest expense
Healthcare)

                                           Entitas Anak dari Badan Usaha Milik Negara       Simpanan nasabah, beban bunga
PT Jasa Marga Bali Tol
                                           Subsidiary of State-Owned Enterprise             Customer deposits, interest expense

PT Pengembangan Pariwisata Indonesia       Badan Usaha Milik Negara                         Simpanan nasabah, beban bunga
ITDC                                       State-Owned Enterprise                           Customer deposits, interest expense

                                           Dikendalikan oleh PT Mandiri Manajemen           Simpanan nasabah, beban bunga, surat
                                           Investasi                                        berharga yang diterbitkan
Reksa Dana Mandiri Investa Pasar Uang
                                           Dikendalikan oleh PT Mandiri Manajemen           Simpanan nasabah, beban bunga, surat
                                           Investasi                                        berharga yang diterbitkan

                                           Dikendalikan oleh PT Mandiri Manajemen
                                                                                            Simpanan nasabah, beban bunga
Reksa Dana Mandiri Kapital Prima           Investasi
                                                                                            Customer deposits, interest expense
                                           Controlled by PT Mandiri Manajemen Investasi

                                           Dikendalikan oleh PT Bank Mandiri (Persero) Tbk Simpanan nasabah, beban bunga
PT Mandiri Capital Indonesia
                                           Controlled by PT Mandiri (Persero) Tbk          Customer deposits, interest expense

                                           Dikendalikan oleh Dana Pensiun Bank Mandiri      Simpanan nasabah, beban bunga
PT Pengelola Investama Mandiri
                                           Controlled by Bank Mandiri Pension Fund          Customer deposits, interest expense

                                           Badan Usaha Milik Negara                         Simpanan nasabah, beban bunga
PT Sarana Multi Infrastruktur (Persero)
                                           State-Owned Enterprise                           Customer deposits, interest expense

                                                                                            Efek-efek, aset lain-lain, pendapatan bunga,
                                           Badan Usaha Milik Negara                         beban bunga, pinjaman yang diterima
PT Sarana Multigriya Finansial (Persero)
                                           State-Owned Enterprise                           Securities, other assets, interest income, interest
                                                                                            expense, loans received




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                                                                                                              PT Bank Mandiri Taspen




              Pihak Berelasi                  Sifat Hubungan Pihak Berelasi                               Transaksi
              Related Party                   Nature of Related Relationship                             Transaction

                                        Enittas Anak dari Badan Usaha Milik Negara      Simpanan nasabah, beban bunga
PT Semen Tonasa
                                        Subsidiary of State-Owned Enterprise            Customer deposits, interest expense

                                                                                        Simpanan nasabah, surat berharga yang
                                        Badan Usaha Milik Negara                        diterbitkan, beban bunga
BPJS Kesehatan
                                        State-Owned Enterprise                          Customer deposits, securities issued, interest
                                                                                        expense

                                        Enittas Anak dari Badan Usaha Milik Negara      Simpanan nasabah, beban bunga
PT Pertamina Pedeve Indonesia
                                        Subsidiary of State-Owned Enterprise            Customer deposits, interest expense

                                        Badan Usaha Milik Negara                        Simpanan nasabah, beban bunga
PT Hotel Indonesia Natour (Persero)
                                        State-Owned Enterprise                          Customer deposits, interest expense

                                                                                        Simpanan nasabah, beban bunga, surat
                                        Perusahaan Asosiasi Entitas Induk               berharga yang diterbitkan
PT AXA Mandiri Financial Services
                                        Associated Company of Parent Entity             Customer deposits, interest expense, securities
                                                                                        issued

                                        Dikendalikan oleh Dana Pensiun Bank Mandiri     Simpanan nasabah, beban bunga
PT Gedung YKP Bank Exim
                                        Controlled by Bank Mandiri Pension Fund         Customer deposits, interest expense

                                        Entitas Anak dari Badan Usaha Milik Negara      Simpanan nasabah, beban bunga
PT Yayasan Kesehatan Garuda Indonesia
                                        Subsidiary of State-Owned Enterprise            Customer deposits, interest expense

                                        Entitas Anak dari PT Taspen                     Simpanan nasabah, beban bunga
PT Taspen Properti Indonesia
                                        Subsidiary of PT Taspen                         Customer deposits, interest expense

                                        Entitas Anak dari Badan Usaha Milik Negara      Simpanan nasabah, beban bunga
PT Reasuransi Indonesia Utama
                                        Subsidiary of State-Owned Enterprise            Customer deposits, interest expense



Realisasi Nilai Transaksi                                             Realization of Transaction Value

Berikut rincian saldo transaksi dengan pihak-pihak berelasi           The following table is the details of transaction balances with
pada tanggal-tanggal 31 Desember 2025 dan 2024 diuraikan              related parties as of December 31, 2025 and 2024.
dalam tabel sebagai berikut.


Tabel Transaksi dengan Pihak Berelasi			
Table of Transaction with Related Parties		
                                                                                                           (dalam jutaan Rupiah / in IDR million)


                   Uraian                         2025                        2024                          Description

 Aset                                                                                                                                   Asset

 Giro pada bank lain                                74,756                     47,978                Current accounts with other banks

 Efek-efek                                     10,106,223                 8,152,897                                 Marketable securities

 Kredit yang diberikan                              15,257                     15,930                                        Loans granted

 Biaya yang dibayar dimuka                           1,756                      1,892                                    Prepaid expenses

 Aset lain-lain                                   181,538                     155,506                                          Other assets

 Total aset kepada pihak berelasi              10,379,530                 8,374,203                        Total assets to related parties

 Persentase dari total aset                        14.21%                     12.64%                           Percentage of total assets

 Liabilitas                                                                                                                        Liabilities

 Simpanan nasabah                                8,768,920                8,634,088                                    Customer deposits

 Surat berharga yang diterbitkan                  495,000                     397,000                         Deposits from other banks

 Pinjaman yang diterima                         1,500,000                 3,000,000                                       Securities issued




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Analisis dan Pembahasan Manajemen atas Kinerja Bank
Management Discussion and Analysis of Bank Performance




                    Uraian                          2025               2024                           Description

 Efek-efek yang dijual dengan janji dibeli
                                                           -           225,076                                        Loans received
 kembali

                                                                                                  Securities sold under repurchase
 Total liabilitas kepada pihak berelasi          10,763,920         12,256,164
                                                                                                                       agreements

 Persentase dari total liabilitas                   16.92%              20.97%                     Total liabilities to related parties

 Pendapatan dan beban                                                                                        Incomes and expenses

 Pendapatan bunga                                   790,894            530,981                                       Interest income

 Persentase dari total pendapatan bunga             12,03%               8,57%                  Persentage of total interest income

 Beban bunga                                        475,606            806,626                                      Interest expense

 Persentase dari total beban bunga                  16,35%              29,26%                 Persentage of total interest expense

 Beban umum dan administrasi                         12,349             12,584                General and administrative expenses

 Persentase dari total beban umum dan                                                              Persentage of total general and
                                                     1.32%               1.41%
 administrasi                                                                                                       administrative



Rujukan Pengungkapan dalam Laporan                               Disclosure Reference in Financial Statements
Keuangan

Rincian nama pihak terkait realisasi (nilai) transaksi pihak     Details of the names of parties related to the realization (value)
berelasi disajikan pada Catatan atas Laporan Keuangan Nomor      of related party transactions were presented in the notes to
36 yang terlampir pada Laporan Tahunan ini. Transaksi berelasi   Financial Statements Number 36 attached to this Annual
tersebut merupakan kegiatan usaha yang dijalankan dalam          Report. The related party transactions were business activities
rangka menghasilkan pendapatan usaha dan dijalankan secara       engaged in order to generate business income and conducted
rutin, berulang, dan/atau berkelanjutan.                         routinely, repeatedly, and/or sustainably.


Kewajaran dan Alasan Dilakukannya Transaksi                      Reasonableness and Rationale of the Transaction

Transaksi dilakukan atas dasar alasan kebutuhan Bank Mandiri     Transactions are consucted based on the needs of Bank Mandiri
Taspen dan bebas dari konflik kepentingan. Selama tahun          Taspen and are free from conflicts of interest. During 2025, all
2025, semua transaksi dilakukan secara wajar berdasarkan         transactions were conducted fairly based on the Arm’s Length
prinsip arm’s length principle sesuai dengan mekanisme yang      Transaction principle in accordance with the established
telah ditetapkan. Di samping itu, selama tahun 2026 tidak        mechanism. In addition, during 2026 there were no violations
terdapat pelanggaran atas peraturan perundang-undangan           of laws and regulations related to transactions with related
terkait dengan transaksi dengan pihak berelasi serta tidak       parties and no transactions containing conflicts of interest.
terdapat transaksi yang mengandung benturan kepentingan.


Pemenuhan Peraturan dan Ketentuan Terkait                        Compliance with Related Regulations and
                                                                 Provisions

Bank Mandiri Taspen memiliki kebijakan mengenai transaksi        Bank Mandiri Taspen has a policy regarding transactions that
yang mengandung benturan kepentingan dan/atau transaksi          contain conflicts of interest and/or transactions with related
dengan pihak berelasi. Transaksi material senantiasa dilakukan   parties. Material transactions are decided by the Board of
dengan memperhatikan prinsip kehati-hatian, serta telah          Commissioners and are always carried out with due regard to
memenuhi ketentuan Otoritas Jasa Keuangan maupun                 the precautionary principle, and comply with the provisions of
peraturan perundang-undangan lain yang berlaku.                  the Financial Services Authority and other applicable laws and
                                                                 regulations.




    272                                                                                                       Laporan Tahunan 2025
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                                                                                                            PT Bank Mandiri Taspen




Pernyataan Direksi Terkait Transaksi Pihak                          Statement of the Board of Directors Regarding
Berelasi                                                            Related Party Transactions

Direksi menyatakan bahwa transaksi telah melalui prosedur           The Board of Directors declared that the transaction that
yang memadai, dilaksanakan sesuai praktik bisnis yang berlaku       had passed through sufficient procedures was conducted in
umum, serta memenuhi prinsip transaksi yang wajar (arm’s            accordance with generally accepted business practices, and
length principle). Transaksi material diputuskan oleh Dewan         complied with the arm’s length principle. Material transactions
Komisaris dan senantiasa dilakukan dengan memperhatikan             were decided by the Board of Commissioners and always
prinsip kehati-hatian, serta telah memenuhi ketentuan Otoritas      conducted by considering the principle of prudence, and had
Jasa Keuangan maupun peraturan perundang-undangan lain              complied with the provisions of the Financial Services Authority
yang berlaku.                                                       and other applicable laws and regulations.


Kebijakan Mekanisme Review serta Peran                              Policy on Review Mechanisms and the Roles
Dewan Komisaris dan Komite Audit Terkait                            of the Board of Commissioners and the Audit
Transaksi Pihak Berelasi                                            Committee in Related Party Transactions

Bank Mandiri Taspen menetapkan kebijakan review dan                 Bank Mandiri Taspen had established policies on the review
persetujuan transaksi pihak berelasi dan atau/afiliasi untuk        and approval of related party and/or affiliated transactions to
memastikan setiap transaksi dilaksanakan secara wajar               ensure that all transactions were conducted on an arm’s length
(arms’ length) serta mengutamakan kepentingan terbaik Bank          basis and prioritized the best interests of Bank Mandiri Taspen
Mandiri Taspen dan Pemegang Saham. Setiap transaksi pihak           and its shareholders. All material related party and/or affiliated
berelasi dan atau/afiliasi yang bersifat material terlebih dahulu   transactions had first been reviewed by the Audit Committee to
ditelaah oleh Komite Audit guna menilai kewajaran transaksi         assess their fairness and identify potential conflicts of interest.
dan mengidentifikasi potensi benturan kepentingan. Hasil            The results of such reviews had served as the basis for the
penelaahan tersebut menjadi dasar bagi Dewan Komisaris              Board of Commissioners in providing independent approval of
dalam memberikan persetujuan secara independen atas                 the respective material transactions.
transaksi material dimaksud.


Dalam hal transaksi pihak berelasi dan atau/afiliasi terkait        With respect to related party and/or affiliated transactions
dengan pemberian kredit, mekanisme persetujuan mengacu              involving lending, the approval mechanism referred to the
pada Keputusan Direksi No. KEP.DIR/010/V/2024 tanggal               Board of Directors’ Decree No. KEP.DIR/010/V/2024 dated
16 Mei 2024 tentang Kewenangan Memutus Kredit PT Bank               May 16, 2024 concerning Credit Approval Authority of Bank
Mandiri Taspen. Setiap pemberian kredit kepada pihak berelasi       Mandiri Taspen. All lending to related parties and/or affiliates
dan atau/afiliasi diproses sesuai batas kewenangan yang             was processed in accordance with the established authority
ditetapkan dengan tetap memperhatikan prinsip kehati-hatian,        limits, while adhering to prudential principles, independence,
independensi, dan pengelolaan risiko.                               and sound risk management practices.


Apabila transaksi pihak berelasi dan atau/afiliasi memerlukan       In the event that related party and/or affiliated transactions
persetujuan Rapat Umum Pemegang Saham (RUPS),                       required approval from the General Meeting of Shareholders
keputusan dilakukan oleh Pemegang Saham yang tidak                  (GMS), decisions had been made by shareholders who did not
memiliki kepentingan terhadap transaksi tersebut. Pada tahun        have any interest in the transactions. In 2025, there had been
2025, tidak terdapat transaksi pihak berelasi dan atau/afiliasi     no related party and/or affiliated transactions requiring GMS
yang memerlukan persetujuan RUPS.                                   approval.


Sebagai bagian dari penerapan transparansi dan kepatuhan            As part of implementing transparency and compliance with
terhadap ketentuan akuntansi yang berlaku, Bank Mandiri             applicable accounting standards, Bank Mandiri Taspen had
Taspen melakukan identifikasi, pencatatan, dan pengungkapan         conducted the identification, recording, and disclosure of
transaksi pihak berelasi sesuai dengan PSAK 224 tentang             related party transactions in accordance with PSAK 224 on
Pengungkapan Pihak-Pihak Berelasi, termasuk pengungkapan            Related Party Disclosures, including disclosure of the names
nama pihak berelasi, hubungan dengan Bank, sifat transaksi,         of related parties, their relationships with the Bank, the nature
serta nilai transaksi dalam laporan yang relevan.                   of the transactions, and the transaction values in the relevant
                                                                    reports.




2025 Annual Report                                                                                                          273
Page 274
Analisis dan Pembahasan Manajemen atas Kinerja Bank
Management Discussion and Analysis of Bank Performance




Kebijakan Pemberian Pinjaman Bagi                                      Loans Provision Policy for the Board of
Dewan Komisaris/Direksi                                                Commissioners/Directors

Bank Mandiri Taspen telah memiliki kebijakan terkait penyediaan        Bank Mandiri Taspen has a policy regarding the provision of
dana kepada pihak terkait atau penyediaan dana besar dan atau          funds to related parties or the provision of large funds and/or
penyediaan dana kepada pihak lain yang memiliki kepentingan            the provision of funds to other parties who have an interest in
terhadap Bank yang diatur dalam Kebijakan Perkreditan                  the Bank which is regulated in the Credit Policy, last updated
dengan pembaharuan terakhir tanggal 1 Oktober 2024 dan                 on 1 October 2024, and the Standard Procedures for the
Standar Prosedur Penerapan Manajemen Risiko Tahun 2025.                Implementation of Risk Management for 2025.


Pemberian kredit kepada Direksi dan Komisaris termasuk                 The loans provision to the Board of Directors and Commissioners
ke dalam penyediaan kepada pihak terkait, dan hal ini wajib            was included in the provision to related parties, and this
mendapat persetujuan kepada Dewan Komisaris. Pendanaan                 provision had to be approved by the Board of Commissioners.
kepada pihak terkait telah diatur oleh Otoritas Jasa Keuangan          Funding to related parties had been regulated by the Financial
(OJK) dan ketentuan Perseroan yaitu Kebijakan Batas Minimum            Services Authority (OJK) and the Company’s provisions, such
Pemberian Kredit Bank Mandiri Taspen. Ketentuan dan prosedur           as the Minimum Loans Limit Policy of Bank Mandiri Taspen.
pemberian kredit kepada Direksi dan Dewan Komisaris berlaku            The provisions and procedures for loans provision to the Board
sama seperti pemberian kredit kepada calon debitur Bank                of Directors and Board of Commissioners applied the same as
Mandiri Taspen pada umumnya dan diberikan sesuai bunga                 loans provision to prospective debtors of Bank Mandiri Taspen in
pasar (market rate) dan wajar (arm’s length basis) dengan tetap        general and were granted according to market interest rates and
memperhatikan prinsip kehati-hatian.                                   arm’s length basis, while considering the principle of prudence.



Perubahan Peraturan Perundang-                                         Changes in Laws and Regulations and
Undangan dan Dampaknya                                                 Their Impacts

Uraian perubahan peraturan perundang-undangan                dan       A description of changes in laws and regulations and their
dampaknya disajikan sebagai berikut.                                   impacts is presented below.


Tabel Perubahan Peraturan Perundang-Undangan Tahun 2025
Table of Changes to Laws and Regulations 2025

                                                                             Status         Keterangan Informasi/Penyesuaian
              Regulasi                          Kajian                     Pemenuhan                   yang Dilakukan
 No.
             Regulation                         Review                     Satisfaction    Description of Information/Adjustments
                                                                              Statu                          Made

 Triwulan I 2025
 Quarter I Year 2025

  1.    PADG No. 1 Tahun        Perubahan Atas Peraturan Anggota               Done        Penyesuaian pada Petunjuk Teknis Bank
        2025                    Dewan Gubernur Nomor 17 Tahun 2023                         Indonesia Fast Payment System (BI Fast)
        PADG Number 1 of        Tentang Penyelenggaraan Bank Indonesia                     tanggal 19 Desember 2025.
        2025                    Fast Payment                                               Adjustments to the Bank Indonesia Fast
                                Amendments to Board of Governors                           Payment System (BI Fast) Technical
                                Regulation No. 17 of 2023 concerning the                   Instructions dated December 19, 2025.
                                Implementation of Bank Indonesia Fast
                                Payment

  2.    PBI No. 1 Tahun 2025    Jumlah Dan Nilai Nominal Uang Rupiah           Done        Sebagai informasi
        PBI Number 1 of 2025    Yang Dimusnahkan Tahun 2024                                As additional information
                                Number and Nominal Value of Rupiah
                                Currency to be Destroyed in 2024

  3.    PBI No. 2 Tahun 2025    Pencabutan Dan Penarikan Uang Rupiah           Done        Sebagai informasi
        PBI Number 2 of 2025    Khusus Seri “For The Children Of The                       As additional information
                                World” Tahun Emisi 1999 Dari Peredaran
                                Revocation and Withdrawal of the 1999
                                “For the Children of the World” Series
                                Special Rupiah Currency from Circulation




       274                                                                                                        Laporan Tahunan 2025
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                                                                                                              PT Bank Mandiri Taspen




                                                                              Status        Keterangan Informasi/Penyesuaian
             Regulasi                          Kajian                       Pemenuhan                  yang Dilakukan
 No.
            Regulation                         Review                       Satisfaction   Description of Information/Adjustments
                                                                               Statu                         Made

  4.   Peraturan PPATK No. 1   Pencabutan Peraturan Kepala Pusat               Done        Sebagai informasi terkait dicabutnya
       Tahun 2025              Pelaporan Dan Analisis Transaksi                            Peraturan Kepala Pusat Pelaporan Dan
       PPATK Regulation        Keuangan Nomor Per-02/1.01/                                 Analisis Transaksi Keuangan Nomor Per-
       Number 1 of 2025        PPATK/02/15 Tentang Kategori Pengguna                       02/1.01/PPATK/02/15 Tentang Kategori
                               Jasa Yang Berpotensi Melakukan Tindak                       Pengguna Jasa Yang Berpotensi Melakukan
                               Pidana Pencucian Uang                                       Tindak Pidana Pencucian Uang
                               Revocation of Regulation of the Head                        Regarding the revocation of Regulation of the
                               of the Financial Transaction Reports                        Head of the Financial Transaction Reports
                               and Analysis Center No. Per-02/1.01/                        and Analysis Center Number Per-02/1.01/
                               PPATK/02/15 concerning Categories of                        PPATK/02/15 concerning Categories of
                               Service Users with the Potential to Commit                  Service Users with the Potential to Commit
                               Money Laundering                                            Money Laundering

  5.   PP No. 6 Tahun 2025     Perubahan atas Peraturan Pemerintah             Done        Penyesuaian pada Petunjuk Teknis Sumber
       PP Number 6 of 2025     No. 37 Tahun 2021 tentang                                   Daya Manusia tanggal 22 Mei 2025
                               Penyelenggaraan Program Jaminan                             Adjustments to the Human Resources
                               Kehilangan Pekerjaan                                        Technical Instructions dated May 22, 2025
                               Amendments to Government Regulation
                               No. 37 of 2021 concerning the
                               Implementation of the Job Loss Guarantee
                               Program

  6.   POJK No. 2 Tahun 2025   Tata Cara Pelaksanaan Pungutan di Sektor        Done        Sebagai informasi
       OJK Regulation          Jasa Keuangan dan Penerimaan Lainnya                        As additional information
       Number 2 of 2025        Procedures for Implementing Levies in
                               the Financial Services Sector and Other
                               Revenues

  7.   PADG No. 3 Tahun        Tentang Perubahan Ketiga Atas Peraturan         Done        Sebagai informasi
       2025                    Anggota Dewan Gubernur Nomor 21/18/                         As additional information
       PADG Number 3 of        PADG/2019 Tentang Implementasi
       2025                    Standar Nasional Quick Response Code
                               Untuk Pembayaran
                               Regarding the Third Amendment to the
                               Regulation of the Members of the Board
                               of Governors Number 21/18/PADG/2019
                               Concerning the Implementation of National
                               Standard Quick Response Codes for
                               Payments

  8.   UU No. 1 Tahun 2025     Perubahan Ketiga atas Undang-Undang             Done        Penyesuaian pada SP Tanggung Jawab Sosial
       Law Number 1 of 2025    Nomor 19 Tahun 2003 tentang Badan                           & Lingkungan (TJSL) tanggal 28 Oktober
                               Milik Negara                                                2025.
                               Third Amendment to Law Number 19 of                         Adjustments to the Social & Environmental
                               2003 concerning State-Owned Entities                        Responsibility (TJSL) SP dated October 28,
                                                                                           2025.

  9.   SE-1/ADK1/2025          Pedoman dan Format Penyusunan serta             Done        Sebagai Informasi
       SE-1/ADK1/2025          Tata Cara Penyampaian Laporan Data                          As additional information
                               Penjaminan Simpanan Berbasis Nasabah
                               Bank Umum
                               Guidelines and Format for the Preparation
                               and Procedures for Submitting Customer-
                               Based Deposit Guarantee Data Reports for
                               Commercial Banks

 10.   SE-3/ADK1/2025*         Format dan Panduan Tata Cara                    Done        Surat ke seluruh Distribution, Kepala Cabang
       SE-3/ADK1/2025*         Penempatan Bukti Kepesertaan dan                            dan Kepala Cabang Pembantu Nomor BUS.
                               Pengumuman Informasi Penjaminan                             DPM/1031/2025 tanggal 04 Juni 2025
                               Simpanan serta Laporan Penilaian Sendiri                    perihal pemberitahuan pengiriman dan
                               Bank Perserta Penjamin Simpanan                             pemasangan stiker LPS ke seluruh Kantor
                               Format and Guidelines for the Procedures                    Cabang.
                               for Placing Evidence of Participation and                   Letter to all Distribution, Branch Heads
                               Announcement of Deposit Guarantee                           and Assistant Branch Heads Number
                               Information and Self-Assessment Reports                     BUS.DPM/1031/2025 dated June 4, 2025
                               for Participating Banks in the Deposit                      regarding notification of delivery and
                               Guarantee Program                                           installation of LPS stickers to all Branch
                                                                                           Offices.




2025 Annual Report                                                                                                            275
Page 276
Analisis dan Pembahasan Manajemen atas Kinerja Bank
Management Discussion and Analysis of Bank Performance




                                                                               Status        Keterangan Informasi/Penyesuaian
              Regulasi                          Kajian                       Pemenuhan                  yang Dilakukan
 No.
             Regulation                         Review                       Satisfaction   Description of Information/Adjustments
                                                                                Statu                         Made

 11.   POJK No. 4 Tahun 2025    Penyeleggara Agregasi Jasa Keuangan             Done        Sebagai informasi
       OJK Regulation No. 4     Financial Services Aggregation Provider                     As additional information
       of 2025

 12.   PermenNaker No. 2        Perubahan Atas Peraturan Menteri                Done        Penyesuaian pada PT SDM tanggal 22 Mei
       Tahun 2025               Ketenagakerjaan Nomor 15 Tahun 2021                         2025
       Minister of Manpower     Tentang Tata Cara Pemberian Manfaat                         Adjustments to PT SDM dated May 22, 2025
       Regulation No. 2 of      Jaminan Kehilangan Pekerjaan
       2025                     Amendment to Minister of Manpower
                                Regulation Number 15 of 2021 concerning
                                Procedures for Providing Job Loss Benefit

 13.   PermenNaker No. 3        Perubahan Atas Peraturan Menteri                Done        Penyesuaian secara umum pada PT SDM
       Tahun 2025               Ketenagakerjaan Nomor 7 Tahun 2021                          tanggal 22 Mei 2025.
       Minister of Manpower     Tentang Tata Cara Pendaftaran Peserta                       General adjustments to PT SDM dated May
       Regulation No. 3 of      Dan Pelaksanaan Rekomposisi Iuran                           22, 2025.
       2025                     Dalam Program Jaminan Kehilangan
                                Pekerjaan
                                Amendment to Minister of Manpower
                                Regulation Number 7 of 2021 concerning
                                Procedures for Participant Registration
                                and Implementation of Contribution
                                Recomposition in the Job Loss Benefit
                                Program

 Triwulan II 2025
 Quarter II Year 2025

 14.   PADG No. 7 Tahun         Perubahan Ketiga Atas Peraturan Anggota         Done        Sebagai informasi
       2025                     Dewan Gubernur Nomor 11 Tahun 2023                          As additional information
       PADG No. 7 of 2025       Tentang Peraturan Pelaksanaan Kebijakan
                                Insentif Likuiditas Makroprudensial
                                Third Amendment to Board of Governors
                                Regulation Number 11 of 2023 Concerning
                                the Implementing Regulations for the
                                Macroprudential Liquidity Incentive Policy

 15.   PADG No. 8 Tahun         Perubahan Ketiga Atas Peraturan Anggota         Done        Penyesuaian pada Standar Prosedur Treasury
       2025                     Dewan Gubernur Nomor 24/8/PADG/2022                         tanggal 30 Desember 2025.
       PADG No. 8 of 2025       Tentang Peraturan Pelaksanaan                               Adjustments to Treasury Standard
                                Pemenuhan Giro Wajib Minimum Dalam                          Procedures dated December 30, 2025.
                                Rupiah Dan Valuta Asing Bagi Bank Umum
                                Konvensional, Bank Umum Syariah, Dan
                                Unit Usaha Syariah
                                Third Amendment to Board of Governors
                                Regulation Number 24/8/PADG/2022
                                Concerning the Implementing Regulations
                                for Fulfilling the Minimum Reserve
                                Requirement in Rupiah and Foreign
                                Currency for Conventional Commercial
                                Banks, Sharia Commercial Banks, and
                                Sharia Business Units

 16.   PBI No. 5 Tahun 2025     Kebijakan Moneter                               Done        Sebagai informasi
       BI Regulations No. 5     Monetary Policy                                             As additional information
       of 2025

 17.   PBI No. 6 Tahun 2025     Pengelolaan Likuiditas untuk Mendukung          Done        Sebagai informasi
       PBI No. 6 of 2025        Pertumbuhan Ekonomi yang Berkelanjutan                      As additional information
                                Liquidity Management to Support
                                Sustainable Economic Growth

 18.   PBI No. 4 Tahun 2025     Kebijakan Sistem Pembayaran                     Done        Sebagai informasi
       BI Regulations No. 4     Payment System Policy                                       As additional information
       of 2025

 19.   PP No. 17 Tahun 2025     Tata kelola Penyelenggaraan Sistem              Done        Sebagai informasi.
       PP No. 17 of 2025        Elektronik dalam Pelindungan Anak                           As additional information
                                Governance of Electronic System
                                Implementation for Child Protection




    276                                                                                                            Laporan Tahunan 2025
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                                                                                                                 PT Bank Mandiri Taspen




                                                                                Status        Keterangan Informasi/Penyesuaian
             Regulasi                             Kajian                      Pemenuhan                  yang Dilakukan
 No.
            Regulation                            Review                      Satisfaction   Description of Information/Adjustments
                                                                                 Statu                         Made

 20.   POJK No. 6 Tahun 2025      Laporan Agen Penjual Efek Reksa Dana           Done        Perubahan tanggal laporan dari tanggal 12
       OJK Regulation No. 6       Mutual Fund Selling Agent Report                           menjadi tanggal 15
       of 2025                                                                               Change of reporting date from the 12th to
                                                                                             the 15th

 21.   POJK No.5 Tahun 2025       Profesi Penunjang di Sektor Jasa Keuangan      Done        Penyesuaian pada SP Procurement
       OJK Regulation No. 5       Supporting Professions in the Financial                    Adjustments to SP Procurement
       of 2025                    Services Sector

 22.   PADG No. 9 Tahun           Lembaga Pendukung Pasar Uang Dan               Done        Sebagai informasi
       2025                       Pasar Valuta Asing Dan Profesi Penunjang                   As additional information
       PADG No. 9 of 2025         Pasar Uang Dan Pasar Valuta Asing
                                  Money Market and Foreign Exchange
                                  Market Supporting Institutions and Money
                                  Market and Foreign Exchange Market
                                  Supporting Professions

 23.   S-027/DI-BP/V/2025         Arahan Terkait Pelaksanaan RUPS dan            Done        Sebagai informasi
       S-027/DI-BP/V/2025         Aksi Korporasi BUMN dan Anak Usaha                         As additional information
                                  BUMN
                                  Directives Regarding the Implementation
                                  of GMS and Corporate Actions of State-
                                  Owned Enterprises and Subsidiaries of
                                  State-Owned Enterprises

 24.   PADG No. 10 Tahun          Perubahan Atas Peraturan Anggota               Done        Sebagai informasi
       2025                       Dewan Gubernur No. 24/21/PADG/2022                         As additional information
       PADG No. 10 of 2025        Tentang Peraturan Pelaksanaan Rekening
                                  Giro Di Bank Indonesia
                                  Amendments to Board of Governors
                                  Regulation No. 24/21/PADG/2022
                                  Concerning Regulations for the
                                  Implementation of Current Accounts at
                                  Bank Indonesia

 25.   Surat Edaran Menteri       Larangan Penahanan Ijazah dan/atau             Done        Telah diatur dalam SP SDM untuk memenuhi
       Ketenagakerjaan No.        Dokumen Pribadi Milik Pekerja/Buruh oleh                   pemenuhan regulasi, dimana dokumen yang
       M/5/HK.04.00/V/2025        Pemberi kerja                                              disampaikan calon pegawai kepada bank
       Minister of Manpower       Prohibition on the Retention of Diplomas                   dalam ketentuan internal hanya berupa
       Circular Letter No. M/5/   and/or Personal Documents of Workers/                      fotocopy ijazah dan transkrip nilai pendidikan
       HK.04.00/V/2025            Laborers by Employers                                      terakhir yang telah di legalisir untuk dilakukan
                                                                                             reference checking calon pegawai.
                                                                                             It has been regulated in the HR SP to
                                                                                             fulfill regulatory requirements, where the
                                                                                             documents submitted by prospective
                                                                                             employees to the bank in internal provisions
                                                                                             are only in the form of a photocopy of the
                                                                                             diploma and transcript of the last educational
                                                                                             grades that have been legalized for reference
                                                                                             checking of prospective employees.

 26.   SEOJK No. 5/               Pedoman Pelaporan Agen Penjual Efek            Done        Penyesuaian pada SP Reksa Dana
       SEOJK.04/2025              Reksa Dana Dan Bank Umum Sebagai                           Adjustments to Mutual Fund SP
       SEOJK No. 5/               Kustodian
       SEOJK.04/2025              Reporting Guidelines for Mutual Fund
                                  Selling Agents and Commercial Banks
                                  Acting as Custodians

 27.   Permenko No. 7 Tahun       Perubahan Ketiga atas Peraturan Menteri        Done        Penyesuaian pada Petunjuk Teknis Kredit
       2025                       Koordinator Bidang Perekonomian                            Usaha Rakyat tanggal 03 November 2025.
       Coordinating               Republik Indonesia No. 1 Tahun 2022                        Adjustments to the Technical Instructions for
       Ministerial Regulation     tentang Pedoman Pelaksanaan Kredit                         People’s Business Credit dated November 3,
       No. 7 of 2025              Usaha Rakyat                                               2025.
                                  Third Amendment to Regulation of the
                                  Coordinating Minister for Economic
                                  Affairs of the Republic of Indonesia No.
                                  1 of 2022 concerning Guidelines for the
                                  Implementation of Micro-Scale Business
                                  Credit




2025 Annual Report                                                                                                                 277
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Analisis dan Pembahasan Manajemen atas Kinerja Bank
Management Discussion and Analysis of Bank Performance




                                                                             Status        Keterangan Informasi/Penyesuaian
              Regulasi                           Kajian                    Pemenuhan                  yang Dilakukan
 No.
             Regulation                          Review                    Satisfaction   Description of Information/Adjustments
                                                                              Statu                         Made

 28.   SEMN NAKER No. M/        Larangan Diskriminasi dalam Proses            Done        Telah diatur dalam SP SDM dimana dalam
       HK.04/V/2025/2025        Rekrutment Tenaga Kerja                                   pelaksanaan pemenuhan pegawai, telah
       SEMN NAKER No. M/        Prohibition of Discrimination in the                      dilaksanakan secara obyektif dan terbuka
       HK.04/V/2025/2025        Workforce Recruitment Process                             (open recruitment) dengan memegang
                                                                                          prinsip kesetaraan dan keberagaman tanpa
                                                                                          melihat jenis kelamin, suku, agama, ras
                                                                                          maupun keterbatasan fisik (disabilitas) calon
                                                                                          pegawai
                                                                                          It has been regulated in the HR SP where in
                                                                                          the implementation of employee fulfillment,
                                                                                          it has been carried out objectively and
                                                                                          openly (open recruitment) by upholding the
                                                                                          principles of equality and diversity without
                                                                                          looking at the gender, ethnicity, religion,
                                                                                          race or physical limitations (disabilities) of
                                                                                          prospective employees.

 29.   PADG No. 11 Tahun        Perubahan Kedelapan Atas Peraturan            Done        Penyesuaian pada SP Asset & Liabilities
       2025                     Anggota Dewan Gubernur Nomor 21/22/                       Management.
       PADG No. 11 of 2025      PADG/2019 Tentang Rasio Intermediasi                      Adjustments to SP Asset & Liabilities
                                Makroprudensial Dan Penyangga                             Management.
                                Likuiditas Makroprudensial Bagi Bank
                                Umum Konvensional, Bank Umum Syariah,
                                Dan Unit Usaha Syariah
                                Eighth Amendment to Regulation
                                of the Board of Governors No.
                                21/22/PADG/2019 concerning the
                                Macroprudential Intermediation Ratio
                                and Macroprudential Liquidity Buffer for
                                Conventional Commercial Banks, Sharia
                                Commercial Banks, and Sharia Business
                                Units

 30.   Permenaker No.5          Perubahan atas Peraturan Menteri              Done        Penyampaian informasi terkait pemberian
       Tahun 2025               Ketenagakerjaan No. 10 Tahun 2022                         kategori pekerja atau buruh yang berhak
       Ministerial Regulation   tentang Pedoman Pemberian Bantuan                         menerima BSU sebesar Rp600.000
       No. 5 of 2025            Pemerintah Berupa Subsidi Gaji/Upah bagi                  sebagaimana tercantum dalam Permenaker
                                Pekerja Buruh                                             Nomor 5 Tahun 2025
                                Amendment to Regulation of the Minister                   Delivery of information regarding the
                                of Manpower No. 10 of 2022 concerning                     provision of categories of workers or laborers
                                Guidelines for Providing Government                       who are entitled to receive BSU of IDR
                                Assistance in the Form of Salary/Wage                     600,000 as stated in Minister of Manpower
                                Subsidies for Workers                                     Regulation Number 5 of 2025

 31.   SE PPATK No. 6 Tahun     Perubahan atas Surat Edaran Pusat             Done        Sebagai Informasi
       2025                     Pelaporan dan Analisis Transaksi                          As additional information
       PPATK Circular Letter    Keuangan No. 8 Tahun 2016 tentang Tata
       No. 6 of 2025            Cara Penyampaian Informasi Pengguna
                                Jasa Terpadu Melalui Aplikasi Pelaporan
                                Sistem Informasi Pengguna Jasa Terpadu
                                Amendments to Circular Letter of the
                                Financial Transaction Reports and
                                Analysis Center No. 8 of 2016 concerning
                                Procedures for Submitting Integrated
                                Service User Information Through the
                                Integrated Service User Information
                                System Reporting Application

 32.   PADG No. 13 Tahun        Penyelenggara Sarana Transaksi                Done        Sebagai Informasi
       2025                     Transaction Facility Providers                            As additional information
       PADG Regulation No.
       13 of 2025

 33.   UU No. 3 Tahun 2025      Perubahan Undang-undang No. 34 Tahun          Done        Penyesuaian pada PT Kredit Pensiun tanggal
       Law No. 3 of 2025        Tahun 2004 tentang Tentara Nasional                       15 Januari 2026
                                Indonesia                                                 Adjustments to PT Kredit Pensiun dated
                                Amendments to Law No. 34 of 2004                          January 15, 2026
                                concerning the Indonesian National Army




    278                                                                                                            Laporan Tahunan 2025
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                                                                                                                PT Bank Mandiri Taspen




                                                                                Status        Keterangan Informasi/Penyesuaian
              Regulasi                           Kajian                       Pemenuhan                  yang Dilakukan
 No.
             Regulation                          Review                       Satisfaction   Description of Information/Adjustments
                                                                                 Statu                         Made

 Triwulan III 2025
 Quarter III Year 2025

 34.   SEOJK No. 14/             Penerapan Tata Kelola Bank Umum                 Done        Penyesuaian pada SP Tata Kelola
       SEOJK.03/2025             Implementation of Commercial Bank                           Adjustments to the Governance SP
       OJK Circular Letter No.   Governance
       14/SEOJK.03/2025          Implementation of Commercial Bank
                                 Governance

 35.   PADG No. 14 Tahun         Perubahan Kedua Atas Peraturan Anggota          Done        Penyesuaian pada peraturan internal, sebagai
       2025                      Dewan Gubernur Nomor 17 Tahun 2023                          berikut:
       PADG No. 14 of 2025       Tentang Penyelenggaraan Bank Indonesia                      1. PT Bank Indonesia Fast Payment System
                                 Fast Payment                                                   (BI-FAST) tanggal 19 Desember 2025
                                 Second Amendment to the Board of                            2. PT BCP Layanan Pembayaran
                                 Governors Regulation Number 17 of 2023                      3. PT Internal Audit
                                 concerning the Implementation of Bank                       4. PT IT Internal Audit
                                 Indonesia Fast Payment.                                     5. SP Teknologi Informasi
                                                                                             Adjustments to internal regulations, as
                                                                                             follows:
                                                                                             1. PT Bank Indonesia Fast Payment System
                                                                                                (BI-FAST) dated December 19, 2025
                                                                                             2. PT BCP Payment Services
                                                                                             3. PT Internal Audit
                                                                                             4. PT IT Internal Audit
                                                                                             5. SP Information Technology

 36.   PPPATK No. 6 Tahun        Pencabutan Peraturan Kepala Pusat               Done        Penyesuaian pada SP APU PPT PPPSPM
       2025                      Pelaporan Dan Analisis Transaksi                            pada tanggal 3 Desember 2025 terkait
       PPPATK Regulation         Keuangan Nomor Per-02/1.02/                                 kategori pengguna jasa yang berpotensi
       No. 6 of 2025             PPATK/02/15 Tentang Kategori Pengguna                       melakukan tindak pidana pencucian uang.
                                 Jasa Yang Berpotensi Melakukan Tindak                       Amendment to the AML/CFT/CPF SOP on
                                 Pidana Pencucian Uang                                       December 3, 2025 concerning the category
                                 Second Amendment to Regulation of the                       of customers potentially involved in money
                                 Board of Governors Number 17 of 2023                        laundering offenses
                                 concerning the Implementation of Bank
                                 Indonesia Fast Payment

 37.   Permenaker No. 7          Perubahan Atas Peraturan Menteri                Done        Sebagai informasi
       Tahun 2025                Ketenagakerjaan Nomor 20 Tahun 2022                         As additional information
       Minister of Manpower      Tentang Pedoman Pembayaran Dana Iuran
       Regulation No. 7 of       Peserta Program Jaminan Kehilangan
       2025                      Pekerjaan Oleh Pemerintah
                                 Revocation of Regulation of the Head of
                                 the Financial Transaction Reports and
                                 Analysis Center Number Per-02/1.02/
                                 PPATK/02/15 concerning Categories of
                                 Service Users with the Potential to Commit
                                 Money Laundering

 38.   Permen PKP No. 5          Besaran Penghasilan Dan Kriteria                Done        Sebagai Informasi
       Tahun 2025                Masyarakat Berpenghasilan Rendah Serta                      Saat ini bank belum memiliki produk kredit
       PKP Regulation No. 5      Persyaratan Kemudahan Pembangunan                           yang berkaitan dengan pembiayaan rumah
       of 2025                   Dan Perolehan Rumah                                         seperti KPR termasuk yang mendapatkan
                                 Amendment to Regulation of the                              subsidi pemerintah.
                                 Minister of Manpower Number 20 of                           For information purposes
                                 2022 concerning Guidelines for Payment                      The Bank currently did not have any loan
                                 of Contributions to Participants in the                     products related to housing financing,
                                 Job Loss Insurance Program by the                           including mortgage loans (KPR), whether
                                 Government                                                  subsidized by the Government or otherwise.

 39.   PADG No. 16 Tahun         Perubahan Atas Peraturan Anggota                Done        Penyesuaian pada Petunjuk Teknis Treasury
       2025                      Dewan Gubernur Nomor 13 Tahun 2024                          Adjustment to the Treasury Technical
       PADG No. 16 of 2025       Tentang Transaksi Pasar Uang                                Guidelines
                                 Income Amounts and Criteria for
                                 Low-Income Communities, as well as
                                 Requirements for Ease of Construction and
                                 Acquisition of Housing




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                                                                              Status        Keterangan Informasi/Penyesuaian
              Regulasi                            Kajian                    Pemenuhan                  yang Dilakukan
 No.
             Regulation                           Review                    Satisfaction   Description of Information/Adjustments
                                                                               Statu                         Made

 40.   Permen PKP No. 11         Perubahan Atas Peraturan Menteri              Done        Sebagai Informasi
       Tahun 2025                Perumahan Dan Kawasan Permukiman                          As additional information
       PKP Regulation No. 11     Nomor 5 Tahun 2025 Tentang Besaran
       of 2025                   Penghasilan Dan Kriteria Masyarakat
                                 Berpenghasilan Rendah Serta Persyaratan
                                 Kemudahan Pembangunan Dan Perolehan
                                 Rumah
                                 Amendment to Regulation of the Board of
                                 Governors Number 13 of 2024 concerning
                                 Money Market Transactions

 41.   SEPPATK No. 4 Tahun       Larangan Pemberian Gratifikasi Terkait        Done        Sebagai informasi
       2025                      Hari Raya kepada Pejabat dan Pegawai di                   As additional information
       SEPPATK No. 4 of          Lingkungan Pusat Pelaporan dan Analisis
       2025                      Transaksi Keuangan
                                 Prohibition on Providing Holiday-Related
                                 Gratuities to Officials and Employees
                                 within the Financial Transaction Reports
                                 and Analysis Center

 42.   S-063/DI-BP/VII/2025      Pemberian Tantiem, Insentif, dan/atau         Done        Sebagai Informasi
       S-063/DI-BP/VII/2025      Penghasilan dalam Bentuk Lainnya kepada                   As additional information
                                 Direksi dan Dewan Komisaris BUMN dan
                                 Anak Usaha BUMN
                                 Provision of Bonuses, Incentives, and/or
                                 Other Forms of Income to

 43.   Permenko No. 12           Perubahan Keempat Atas Peraturan              Done        Penyesuaian secara umum pada Petunjuk
       Tahun 2025                Menteri Koordinator Bidang Perekonomian                   Teknis Kredit Usaha Rakyat tanggal 03
       Coordinating              Republik Indonesia Nomor 1 Tahun 2022                     November 2025.
       Ministerial Regulation    Tentang Pedoman Pelaksanaan Kredit                        General Amendment to the Technical
       No. 12 of 2025            Usaha Rakyat                                              Guidelines for KUR dated November 3, 2025
                                 Directors and Board of Commissioners of
                                 State-Owned Enterprises and Subsidiaries

 44.   POJK No. 18 Tahun         Transparansi dan Publikasi Laporan Bank       Done        Penyampaian Laporan dengan due date yang
       2025                      Transparency and Publication of Bank                      ditetapkan oleh OJK
       POJK No. 18 of 2025       Reports                                                   Submission of Reports with the due date set
                                                                                           by OJK

 45.   SE PPATK No.7 Tahun       Indikator Transaksi Keuangan                  Done        Sebagai informasi
       2025                      Mencurigakan terkait Penyalahgunaan                       As additional information
       SE PPATK No. 7 of         Dana Program Makan Bergizi Gratis
       2025                      Transparency and Publication of Bank
                                 Reports

 46.   Permenko No. 13           Pedoman Pelaksanaan Program Kredit            Done        Sebagai Informasi
       Tahun 2025                Perumahan                                                 As additional information
       Coordinating              Indicators of Suspicious Financial
       Ministerial Regulation    Transactions Related to Misuse of Free
       No. 13 of 2025            Nutritious Meal Program Funds

 47.   POJK No.19 Tahun          Kemudahan Akses Pembiayaan kepada             Done        Penyesuaian pada Standar Prosedur Kredit
       2025                      Usaha Mikro, Kecil dan Menengah                           Mikro dan Standar Prosedur Kredit Pensiun
       OJK Regulation No. 19     Ease of Access to Financing for Micro,                    Adjustments to Microcredit Standard
       of 2025                   Small, and Medium Enterprises                             Procedures and Pension Credit Standard
                                                                                           Procedures

 48.   SEOJK No. 20/             Publikasi Penangan Pengaduan dan              Done        Penyesuaian pada Standar Prosedur
       SEOJK.08/2025             Laporan Layanan Pengaduan                                 Pengelolaan Pengaduan Nasabah
       OJK Regulation No. 20/    Publication of Complaints Handling and                    Adjustments to Customer Complaint
       SEOJK.08/2025             Complaint Service Reports                                 Management Standard Procedures

 49.   Peraturan Presiden No.    Perubahan Kedua atas Peraturan Presiden       Done        Sebagai informasi
       88 Tahun 2025             No. 6 Tahun 2012 tentang Komite                           As additional information
       Presidential Regulation   Koordinasi Nasional Pencegahan dan
       No. 88 of 2025            Pemberantasan Tindak Pidana Pencucian
                                 Uang
                                 Second Amendment to Presidential
                                 Regulation No. 6/2012 on the National
                                 Committee for Prevention and Eradication
                                 of Money Laundering




    280                                                                                                           Laporan Tahunan 2025
Page 281
                                                                                                               PT Bank Mandiri Taspen




                                                                               Status        Keterangan Informasi/Penyesuaian
              Regulasi                          Kajian                       Pemenuhan                  yang Dilakukan
 No.
             Regulation                         Review                       Satisfaction   Description of Information/Adjustments
                                                                                Statu                         Made

 Triwulan IV 2025
 Quarter III Year 2025

 50.   PerMenNaker No.8         Pedoman Pemberian Bantuan Pemerintah            Done        Sebagai informasi
       Tahun 2025               Program Pemagangan Lulusan Perguruan                        As additional information
       Minister of Manpower     Tinggi
       Regulation No. 8 of      Guidelines for Providing Government
       2025                     Assistance for College Graduate Internship
                                Programs

 51.   KepMenNaker No. 345      Penetapan Standar Kompetensi Kerja              Done        Sebagai informasi
       Tahun 2025               Nasional Indonesia Kategori Aktivitas                       As additional information
       Minister of Manpower     Professional, Ilmiah dan Teknis Golongan
       Decree No. 345 of        Pokok Aktivitas Pemograman, Konsultasi
       2025                     Komputer dan Kegiatan YBDI Bidang
                                Information and Commution Technologies
                                Project Management
                                Determination of Indonesian National
                                Work Competency Standards for
                                Professional, Scientific and Technical
                                Activity Categories Main Activity Groups
                                Programming, Computer Consulting and
                                YBDI Activities in the Information and
                                Communication Technologies Project
                                Management Field

 52.   P. BPJS TK No. 1 Tahun   Perubahan Atas Peraturan Badan                  Done        Sebagai informasi
       2025                     Penyelenggara Jaminan Sosial                                As additional information
       BPJS TK Regulation No.   Ketenagakerjaan Nomor 1 Tahun 2022
       1 of 2025                Tentang Pembayaran Manfaat Uang Tunai
                                Dan Manfaat Pelatihan Kerja Program
                                Jaminan Kehilangan Pekerjaan
                                Amendments to the Regulation of the
                                Employment Social Security Administering
                                Agency Number 1 of 2022 Concerning
                                Payment of Cash Benefits and Job Training
                                Benefits for the Job Loss Guarantee
                                Program

 53.   POJK No. 22 Tahun        Pelaporan Bank Umum Melalui Sistem              Done        Penyampaian laporan melalui APOLO sesuai
       2025                     Pelaporan Otoritas Jasa Keuangan                            yang ditetapkan oleh OJK
       OJK Regulation No. 22    Commercial Bank Reporting Through the                       Submission of reports via APOLO as
       of 2025                  Financial Services Authority Reporting                      stipulated by OJK
                                System

 54.   PP No. 43 Tahun 2025     Pelaporan Keuangan                              Done        Penyesuaian pada SP Akuntansi untuk
       Government Regulation    Financial Reporting                                         menambahkan kewajiban penyampaian
       No. 43 of 2025                                                                       Laporan Publikasi Keuangan kepada
                                                                                            Pemerintah melalui PBPK. Penyampaian
                                                                                            Laporan Keuangan melalui PBPK dilakukan
                                                                                            secara bertahap, untuk Bank dilakukan
                                                                                            dengan memperhatikan kebutuhan
                                                                                            berdasarkan tahapan yang ditetapkan
                                                                                            oleh Menteri setelah berkoordinasi dengan
                                                                                            Kementerian, Lembaga, dan/ atau Otoritas
                                                                                            terkait.
                                                                                            Adjustments to the Accounting SP to add
                                                                                            the requirement to submit Public Financial
                                                                                            Reports to the Government through PBPK.
                                                                                            Submission of Financial Reports through
                                                                                            PBPK is carried out in stages, with banks
                                                                                            taking into account the requirements based
                                                                                            on the stages determined by the Minister
                                                                                            after coordinating with relevant Ministries,
                                                                                            Institutions, and/or Authorities.

 55.   PADG No. 18 Tahun        Kriteria, Persyaratan, Dan Penggunaan           Done        Sebagai Informasi
       2025                     Surat Berharga Dalam Operasi Moneter                        As additional information
       Regulation of the        Criteria, Requirements, and Use of
       Regional Regulation      Securities in Monetary Operations
       No. 18 of 2025




2025 Annual Report                                                                                                               281
Page 282
Analisis dan Pembahasan Manajemen atas Kinerja Bank
Management Discussion and Analysis of Bank Performance




                                                                              Status        Keterangan Informasi/Penyesuaian
              Regulasi                           Kajian                     Pemenuhan                  yang Dilakukan
 No.
             Regulation                          Review                     Satisfaction   Description of Information/Adjustments
                                                                               Statu                         Made

 56.   PADG No. 19 Tahun        Infrastruktur & Kepesertaan Operasi            Done        Sebagai Informasi
       2025                     Moneter                                                    As additional information
       Regulation of the        Monetary Operations Infrastructure &
       Regional Regulation      Participation
       No. 19 of 2025

 57.   PADG No. 20 Tahun        Operasi Moneter Rupiah                         Done        Penyesuaian pada Petunjuk Teknis Treasury
       2025                     Rupiah Monetary Operations                                 Adjustments to Treasury Technical
       Regulation of the                                                                   Instructions
       Regional Regulation
       No. 20 of 2025

 58.   PADG No. 22 Tahun        Perubahan Atas Peraturan Anggota               Done        Sebagai Informasi
       2025                     Dewan Gubernur Nomor 21 Tahun 2023                         As additional information
       Regulation of the        Tentang Peraturan Pelaksanaan Pinjaman
       Regional Regulation      Likuiditas Jangka Pendek Bagi Bank Umum
       No. 22 of 2025           Konvensional
                                Amendment to the Regulation of the
                                Members of the Board of Governors
                                Number 21 of 2023 concerning the
                                Implementation Regulations for Short-
                                Term Liquidity Loans for Conventional
                                Commercial Banks

 59.   PADG No. 23 Tahun        Rasio Intermediasi Makroprudensial Dan         Done        Penyesuaian pada ketentuan internal
       2025                     Penyangga Likuiditas Makroprudensial                       yaitu Standar Prosedur Asset & Liability
       Regulation of the        Bagi Bank Umum Konvensional, Bank                          Management tanggal 15 Desember 2025.
       Regional Regulation      Umum Syariah, Dan Unit Usaha Syariah                       Adjustments to internal provisions, namely
       No. 23 of 2025           Macroprudential Intermediation Ratio                       the Asset & Liability Management Standard
                                and Macroprudential Liquidity Buffer for                   Procedures dated December 15, 2025.
                                Conventional Commercial Banks, Islamic
                                Commercial Banks, and Islamic Business
                                Units

 60.   PADG No 24 Tahun         Penyelenggaraan Setelmen Dana Seketika         Done        Penyesuaian pada ketentuan internal yaitu:
       2025                     melalui Sistem Bank Indonesia-Real Time                    1. PT BI-RTGS
       Regulation of the        Gross Settlement                                           2. PT BCP Layanan Sistem Pembayaran
       Regional Regulation      Implementation of Real-Time Fund                           3. PT Treasury Operation
       No. 24 of 2025           Settlement through the Bank Indonesia                      Penyesuaian pada ketentuan internal yaitu:
                                System - Real Time Gross Settlement                        1. PT BI-RTGS
                                                                                           2. PT BCP Layanan Sistem Pembayaran
                                                                                           3. PT Treasury Operation

 61.   Permennaker No. 12       Perubahan Kedua Atas Peraturan Menteri         Done        Sebagai informasi
       Tahun 2025               Ketenagakerjaan Nomor 35 Tahun 2016                        As additional information
       Minister of Manpower     Tentang Tata Cara Pemberian, Persyaratan,
       Regulation No. 12 of     Dan Jenis Manfaat Layanan Tambahan
       2025                     Dalam Program Jaminan Hari Tua
                                Second Amendment to Minister of
                                Manpower Regulation Number 35 of 2016
                                Concerning Procedures for Providing,
                                Requirements, and Types of Additional
                                Service Benefits in the Old Age Security
                                Program

 62.   POJK No. 24 Tahun        Pengelolaan Rekening pada Bank Umum            Done        Penyesuaian pada ketentuan internal dan
       2025                     Account Management at Commercial                           pengembangan sistem
       Regulation of the        Banks                                                      Adjustments to internal provisions and
       Regional Regulation                                                                 system development
       No. 24 of 2025

 63.   SE/002/DI-DAM/           Pedoman Perilaku dan Profesionalisme           Done        Sebagai informasi
       DO/2025                  Direksi dan Dewan Komisaris                                As additional information
       SE/002/DI-DAM/           Code of Conduct and Professionalism for
       DO/2025                  Directors and Board of Commissioners

 64.   PADG No. 26 Tahun        Derivatif Keuangan Dengan Aset Yang            Done        Sebagai informasi
       2025                     Mendasari Berupa Produk Pasar Uang Dan                     As additional information
       Regulation of the        Pasar Valuta Asing
       Regional Regulation      Financial Derivatives with Underlying
       No. 26 of 2025           Assets in the Form of Money Market and
                                Foreign Exchange Market Products




    282                                                                                                           Laporan Tahunan 2025
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                                                                                                                PT Bank Mandiri Taspen




                                                                                Status        Keterangan Informasi/Penyesuaian
             Regulasi                             Kajian                      Pemenuhan                  yang Dilakukan
 No.
            Regulation                            Review                      Satisfaction   Description of Information/Adjustments
                                                                                 Statu                         Made

 65.   SEOJK No.26/              Proses Asesmen Kecukupan Likuiditas             Done        Penyesuaian pada:
       SEOJK.03/2025 Tahun       Secara Internal (internal Liquidity                         a. PT Pemenuhan Rasio Kecukupan Likuiditas
       2025                      Adequacy Assessment Process) Bagi Bank                      b. SP dan PT Internal Audit
       OJK Circular Letter No.   Umum                                                        c. Melakukan uji coba laporan terkait ILAAP
       26/SEOJK.03/2025 of       Internal Liquidity Adequacy Assessment                         di tahun 2028
       2025                      Process for Commercial Banks                                d. Menyusun dan menyampaikan laporan
                                                                                                terkait ILAAP di tahun 2029
                                                                                             Adjustments to:
                                                                                             a. Fulfillment of Liquidity Adequacy Ratio
                                                                                                (LSR)
                                                                                             b. Internal Audit and Internal Audit
                                                                                             c. Conducting a pilot test of ILAAP reports in
                                                                                                2028
                                                                                             b. Preparing and submitting ILAAP reports in
                                                                                                2029

 66.   PBI No. 9 Tahun 2025      Kebijakan Insentif Likuiditas                   Done        Penyesuaian pada Standar Prosedur Asset &
       BI Regulation No. 9 of    Makroprudensial                                             Liability Management (SP ALM) atau menyusun
       2025                      Macroprudential Liquidity Incentive Policy                  petunjuk teknis baru turunan SP ALM
                                                                                             Adjustments to the Asset & Liability
                                                                                             Management Standard Procedure (SP ALM)
                                                                                             or preparing new technical instructions
                                                                                             derived from SP ALM

 67.   SEOJK No. 27/             Lembaga Pemeringkat Dan Peringkat Yang          Done        Sebagai Informasi
       SOJK.03/2025              Diakui Otoritas Jasa Keuangan                               As additional information
       OJK Circular Letter No.   Rating Agencies and Ratings Recognized
       27/SOJK.03/2025           by the Financial Services Authority

 68.   SEOJK No. 29/             Transparansi Dan Publikasi Laporan Bank         Done        Bank melakukan:
       SOJK.03/2025              Umum Konvensional                                           1. Penyesuaian format laporan sesuai SEOJK
       OJK Circular Letter No.   Transparency and Publication of                                ini
       29/SOJK.03/2025           Conventional Commercial Bank Reports                        2. Penunjukan Pejabat Eksekutif yang
                                                                                                bertanggung jawab atas Laporan Publikasi
                                                                                                dan Informasi Kinerja Keuangan serta
                                                                                                memiliki kompetensi Chartered Accountant
                                                                                             3. Pembaruan Pakta Integritas bagi Pejabat
                                                                                                Eksekutif yang bertanggung jawab atas
                                                                                                Laporan Publikasi dan Informasi Kinerja
                                                                                                Keuangan
                                                                                             4. Penyesuaian pada SP Akuntansi tanggal
                                                                                                15 Agustus 2025
                                                                                             The Bank has implemented the following:
                                                                                             1. Adjusted the report format in accordance
                                                                                                with this OJK Circular Letter (SEOJK).
                                                                                             2. Appointed an Executive Officer
                                                                                                responsible for Published Reports and
                                                                                                Financial Performance Information and
                                                                                                qualified as a Chartered Accountant.
                                                                                             3. Updated the Integrity Pact for Executive
                                                                                                Officers responsible for Published Reports
                                                                                                and Financial Performance Information.
                                                                                             4. Adjusted the Accounting Standards dated
                                                                                                August 15, 2025.

 69.   SEOJK No. 31/             Pelaporan Bank Umum Konvensional                Done        1. Penyesuaian ketentuan internal yang
       SEOJK.03/2025             Melalui Sistem Pelaporan Otoritas Jasa                         terdampak, yaitu :
       OJK Circular Letter No.   Keuangan                                                       a) SP Sumber Daya Manusia;
       31/SEOJK.03/2025          Conventional Commercial Bank Reporting                         b) SP Corporate Secretary;
                                 Through the Financial Services Authority                       c) SP APU PPT PPPSPM;
                                 Reporting System                                               d) SP Treasury;
                                                                                                e) SP Asset & Liability Management;
                                                                                                f) SP Credit Operation;
                                                                                                g) SP Layanan Digital Banking;
                                                                                                h) SP Internal Audit;
                                                                                                i) SP Jaringan Kantor;
                                                                                                j) SP Kepatuhan;
                                                                                                k) SP Perhitungan Kecukupan Modal;
                                                                                                l) SP RKAP RBB
                                                                                                m) SP Penerapan Manajemen Risiko;
                                                                                                n) SP RBBR
                                                                                                o) SP Rencana Aksi Pemulihan;




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                                                                               Status        Keterangan Informasi/Penyesuaian
              Regulasi                           Kajian                      Pemenuhan                  yang Dilakukan
 No.
             Regulation                          Review                      Satisfaction   Description of Information/Adjustments
                                                                                Statu                         Made

                                                                                               p) SP Teknologi Informasi;
                                                                                               q) PT Akuntansi Laporan Keuangan;
                                                                                               r) PT Pemenuhan Rasio Pendanaan Stabil
                                                                                                  Bersih (Net Stable Funding Ratio);
                                                                                               s) PT Pemenuhan Rasio Kecukupan
                                                                                                  Likuiditas (Liquidty Coverage Ratio);
                                                                                               t) PT Penyedia Jasa TI;
                                                                                            2. Melakukan pelaporan sesuai dengan due
                                                                                               date dan format pelaporan terkini
                                                                                            1. Adjustments to the affected internal
                                                                                               regulations, namely:
                                                                                               a) Human Resources SP;
                                                                                               b) Corporate Secretary SP;
                                                                                               c) AML & CFT PPPSPM SP;
                                                                                               d) Treasury SP;
                                                                                               e) Asset & Liability Management SP;
                                                                                               f) Credit Operations SP;
                                                                                               g) Digital Banking Services SP;
                                                                                               h) Internal Audit SP;
                                                                                               i) Office Network SP;
                                                                                               j) Compliance SP;
                                                                                               k) Capital Adequacy Calculation SP;
                                                                                               l) RKAP RBB SP
                                                                                               m) Risk Management Implementation SP;
                                                                                               n) RBBR SP
                                                                                               o) Recovery Action Plan SP;
                                                                                               p) Information Technology SP;
                                                                                               q) Financial Report Accounting PT;
                                                                                               r) Net Stable Funding Ratio PT;
                                                                                               s) Liquidity Coverage Ratio PT;
                                                                                               t) IT Service Provider PT;
                                                                                            2. Conduct reporting according to the due
                                                                                               date and current reporting format.

 70.   PADG No. 27 Tahun        Peraturan Pelaksanaan Kebijakan Insentif        Done        Sebagai informasi pemenuhan insentif Bank
       2025                     Likuiditas Makroprudensial                                  For information on fulfilling Bank incentives
       OJK Regulation No. 27    Implementing Regulations for the
       of 2025                  Macroprudential Liquidity Incentive Policy

 71.   PADK No. 37/             Penyediaan Informasi dan Penyampaian            Done        Penyesuaian pada ketentuan internal yaitu :
       PADK.08/2025             Informasi untuk Pemasaran Produk dan                        a. SP Pelindungan Konsumen dan
       OJK Regulation No. 37/   Layanan Jasa Keuangan                                          Masyarakat
       PADK.08/2025             Provision and Dissemination of Information                  b. SP Corporate Secretary
                                for Marketing Financial Products and                        c. PT Pengelolaan dan Penggunaan Social
                                Services                                                       Media
                                                                                            d. PT Tabungan
                                                                                            e. PT Tabungan Simantap Reward (SMARD)
                                                                                            f. PT Tabungan Smard Funtastik
                                                                                            g. PT Tabungan SiMantap Berjangka
                                                                                            h. PT Penyaluran Kredit Serbaguna Mantap
                                                                                               Dana Pensiun
                                                                                            Adjustments to internal provisions, as
                                                                                            follows:
                                                                                            a. SP Consumer and Community Protection
                                                                                            b. SP Corporate Secretary
                                                                                            c. PT Social Media Management and Use
                                                                                            d. PT Savings
                                                                                            e. PT Simantap Reward Savings (SMARD)
                                                                                            f. PT Smard Funtastik Savings
                                                                                            g. PT SiMantap Term Savings
                                                                                            h. PT Mantap Multipurpose Credit
                                                                                                 Distribution for Pension Funds

 72.   Permenkum No. 49         Syarat dan Tata Cara Pendirian, Perubahan       Done        Sebagai informasi
       Tahun 2025               dan Pembubaran Badan Hukum Perseroan                        As additional information
       Minister of Law          Terbatas
       and Human Rights         Requirements and Procedures for
       Regulation No. 49 of     Establishing, Amending, and Dissolving a
       2025                     Limited Liability Company




    284                                                                                                             Laporan Tahunan 2025
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                                                                                                              PT Bank Mandiri Taspen




                                                                              Status        Keterangan Informasi/Penyesuaian
             Regulasi                          Kajian                       Pemenuhan                  yang Dilakukan
 No.
            Regulation                         Review                       Satisfaction   Description of Information/Adjustments
                                                                               Statu                         Made

 73.   POJK 32 Tahun 2025      Penyeleggaraan Beli Sekarang Bayar Nanti        Done        Sebagai informasi
       OJK Regulation No. 32   (Buy Now Pay Later)                                         As additional information
       of 2025                 Buy Now Pay Later (Buy Now Pay Later)

 74.   PADG No. 30 Tahun       Perubahan Ketujuh Atas Peraturan                Done        Penyesuaian pada ketentuan internal yaitu:
       2025                    Anggota Dewan Gubernur Nomor 21/25/                         1. Penyusunan baru Manual Produk Kredit
       OJK Regulation No. 30   PADG/2019 Tentang Rasio Loan To Value                          Pemilikan Rumah (KPR) - Divisi Consumer
       of 2025                 Untuk Kredit Properti, Rasio Financing To                      Business & Recovery
                               Value Untuk Pembiayaan Properti, Dan                        2. Manual Produk Kredit Kendaraan Bermotor
                               Uang Muka Untuk Kredit Atau Pembiayaan                         (KKB) - Divisi Consumer Business &
                               Kendaraan Bermotor                                             Recovery:
                               Seventh Amendment to Board of                               a. Penambahan dasar penyusunan yaitu
                               Governors Regulation Number 21/25/                             Peraturan Anggota Dewan Gubernur
                               PADG/2019 Concerning the Loan-to-Value                         Nomor 21/25/PADG/2019 Tentang Rasio
                               Ratio for Property Loans, the Financing-                       Loan To Value Untuk Kredit Properti, Rasio
                               to-Value Ratio for Property Financing, and                     Financing To Value Untuk Pembiayaan
                               Down Payments for Motor Vehicle Loans                          Properti, dan Uang Muka Untuk Kredit atau
                               or Financing                                                   Pembiayaan Kendaraan Bermotor.
                                                                                           b. Penyesuaian fitur produk terkait uang
                                                                                              muka atau Down Payment (DP) minimal
                                                                                              untuk penyaluran Kredit Kendaraan
                                                                                              Bermotor (KKB) dan Kendaraan Bermotor
                                                                                              Berwawasan Lingkungan
                                                                                           3. Manual Produk Kredit Mikro – Divisi
                                                                                              Consumer Business & Recovery
                                                                                              Penambahan fitur produk terkait uang
                                                                                              muka atau Down Payment (DP) minimal
                                                                                              untuk fasilitas Kredit Mantap Sejahtera
                                                                                              (KMS) Kendaraan. Kami menghimbau
                                                                                              Saudara juga melakukan pengecekkan
                                                                                              kembali terhadap hasil penelaahan dan
                                                                                              penelusuran kami yang berdampak pada
                                                                                              beberapa ketentuan internal tersebut
                                                                                              serta menyampaikan kepada Divisi
                                                                                              Owner beberapa ketentuan internal
                                                                                              yang terdampak untuk dapat dilakukan
                                                                                              penyesuaian
                                                                                           Adjustments to internal provisions, namely:
                                                                                           1. New Development of Home Ownership
                                                                                              Credit (KPR) Product Manual - Consumer
                                                                                              Business & Recovery Division
                                                                                           2. Motor Vehicle Credit (KKB) Product Manual
                                                                                              - Consumer Business & Recovery Division:
                                                                                              a. The addition of the basis for preparation
                                                                                                 is the Regulation of the Member of the
                                                                                                 Board of Governors Number 21/25/
                                                                                                 PADG/2019 concerning the Loan
                                                                                                 to Value Ratio for Property Credit,
                                                                                                 Financing to Value Ratio for Property
                                                                                                 Financing, and Down Payment for Motor
                                                                                                 Vehicle Credit or Financing.
                                                                                              b. Adjustment of product features related
                                                                                                 to the minimum down payment (DP) for
                                                                                                 the distribution of Motor Vehicle Credit
                                                                                                 (KKB) and Environmentally Aware Motor
                                                                                                 Vehicles
                                                                                           3. Product Manual – Consumer Business
                                                                                              & Recovery Division. Added product
                                                                                              features related to the minimum down
                                                                                              payment (DP) for the Kredit Mantap
                                                                                              Sejahtera (KMS) Vehicle facility. We urge
                                                                                              you to also review the results of our review
                                                                                              and investigation, which impact several
                                                                                              internal provisions, and to report any
                                                                                              affected internal provisions to the Owner
                                                                                              Division so that adjustments can be made.




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                                                                                 Status          Keterangan Informasi/Penyesuaian
              Regulasi                            Kajian                       Pemenuhan                    yang Dilakukan
 No.
             Regulation                           Review                       Satisfaction     Description of Information/Adjustments
                                                                                  Statu                           Made

 75.    PADG No. 31 Tahun        Perubahan Keempat Atas Peraturan                  Done        Penyesuian pada Standar Prosedur Treasury
        2025                     Anggota Dewan Gubernur Nomor                                  Adjustments to Treasury Standard
        OJK Regulation No. 31    24/8/PADG/2022 Tentang Peraturan                              Procedures
        of 2025                  Pelaksanaan Pemenuhan Giro Wajib
                                 Minimum Dalam Rupiah Dan Valuta Asing
                                 Bagi Bank Umum Konvensional, Bank
                                 Umum Syariah, Dan Unit Usaha Syariah
                                 Fourth Amendment to the Regulation of
                                 the Members of the Board of Governors
                                 Number 24/8/PADG/2022 Concerning the
                                 Implementing Regulations for Fulfilling the
                                 Minimum Reserve Requirement in Rupiah
                                 and Foreign Currency for Conventional
                                 Commercial Banks, Sharia Commercial
                                 Banks, and Sharia Business Units.




Dampak Perubahan Peraturan Perundang-                                     Impacts of Changes in Laws and
Undangan Terhadap Laporan Keuangan                                        Regulations on Financial Statements

Perubahan peraturan perundang-undangan yang telah                         Changes to the laws and regulations that have been described
dijabarkan di atas tidak memiliki dampak kuantitatif yang                 above have no significant quantitative impact on the Financial
signifikan terhadap Laporan Keuangan Bank Mandiri Taspen.                 Statements of Bank Mandiri Taspen.



Perubahan Kebijakan Akuntansi                                             Change in Accounting Policy

Alasan Perubahan Kebijakan Akuntansi                                      Reasons for Changes in Accounting Policies

Perubahan kebijakan akuntansi yang dilakukan untuk mematuhi               Changes in accounting policies are made to comply with the Statement
PSAK yang berlaku dalam tahun berjalan. Bank Mandiri Taspen               of Financial Accounting Standards (SFAS) applicable in the current
telah menerapkan sejumlah amandemen dan interpretasi PSAK                 year. Bank Mandiri Taspen has adopted a number of amendments
yang relevan dengan operasinya.                                           and interpretations of SFAS that are relevant to its operations.


Informasi Perubahan Kebijakan Akuntansi                                   Information on Changes in Accounting
dan Dampak Kuantitatif                                                    Policies and Quantitative Impact

Berikut adalah informasi penerapan dari standar, interpretasi baru/       The following are information on the implementation of the
revisi standar yang berlaku efektif mulai 1 Januari 2025, tidak           standard, new/revised interpretations of the standard which are
menimbulkan perubahan substantial terhadap kebijakan akuntansi            effective starting January 1, 2025, did not result in a substantial
Bank Mandiri Taspen dan pengaruh yang material atas jumlah                change to Bank Mandiri Taspen’s accounting policies and a material
yang dilaporkan atas tahun berjalan atau tahun sebelumnya.                effect on the amounts reported for the current or prior year.


Tabel Perubahan Kebijakan Akuntansi Tahun 2025
Table of Changes in Accounting Policies in 2025

                                                                                             Dampak Secara Kuantitatif Perubahan
                                                  Paparan Konsekuensi atau
                                                                                            Kebijakan Akuntansi Terhadap Laporan
   Perubahan Kebijakan Akuntansi                 Penyesuaian Yang Dilakukan
                                                                                                           Keuangan
    Changes in Accounting Policies              Exposure of Consequences and
                                                                                               Quantitative Impact of Changes in
                                                     Adjustments Made
                                                                                           Accounting Policies on Financial Statements

 Amandemen PSAK 221: “Pengaruh             Bank Mantap belum berstatus sebagai            Dampak atas penerapan standar baru dan
 Perubahan Kurs Valuta Asing tentang       Bank Devisa, sehingga tidak melakukan          penyesuaian atau amendemen tersebut di atas tidak
 Kekurangan Ketertukaran”                  penyesuaian terhadap amandemen tersebut.       material terhadap laporan keuangan.
 Amendment to PSAK 221: “The Effect        Bank Mantap does not yet have the status       The impact of the implementation of the new
 of Foreign Exchange Rate C hanges on      of a Foreign Exchange Bank, so it does not     standards and the adjustments or amendments
 Exchange Rate Shortages”                  make adjustments to the amendment.             mentioned above is not material to the financial
                                                                                          statements.




    286                                                                                                                Laporan Tahunan 2025
Page 287
                                                                                                        PT Bank Mandiri Taspen




Tingkat Kesehatan Bank                                           Bank Soundness Level

Tingkat kesehatan Bank mencerminkan hasil penilaian kondisi      The Bank’s soundness level reflects the results of an assessment
Bank yang dilakukan terhadap risiko dan kinerja Bank yang        of the Bank’s condition conducted on the risk and performance
dapat dilihat dari peringkat akhir hasil penilaian berdasarkan   of the Bank which can be seen from the final rating of the
pada Peraturan Otoritas Jasa Keuangan No. POJK Nomor 4/          assessment results based on Financial Services Authority
POJK.03/2016 tentang Penilaian Tingkat Kesehatan Bank            Regulation No. POJK Number 4/POJK.03/2016 concerning
Umum. Tingkat kesehatan bank diukur dengan menggunakan           Assessment of the Soundness Level of Commercial Banks. The
pendekatan risiko (risk based bank rating) yang mencakup 4       soundness level of a bank is measured using a risk approach (risk
(empat) faktor yaitu Profil Risiko, Good Corporate Governance    based bank rating) which includes 4 (four) factors, namely Risk
(GCG), Rentabilitas, Permodalan.                                 Profile, Good Corporate Governance (GCG), Earnings, Capital.


Tabel Peringkat Tingkat Kesehatan Bank berdasarkan Risiko
Table of Bank Soundness Level based on Risk

                                                                                   2025                         2024
                            Faktor-faktor Penilaian
 No
                             Assessment Factors
                                                                                  Individu                     Individu

       Profil Risiko
  1                                                                                   2                           1
       Risk Profile

  2    Good Corporate Governance (GCG)                                                2                           2

       Rentabilitas
  3                                                                                   1                           1
       Rentability

       Permodalan
  4                                                                                   1                           1
       Capital

 Peringkat Tingkat Kesehatan Bank Berdasarkan Risiko
                                                                                      1                           1
 Rating of Bank Soundness Level based on Risk



Peringkat komposit tingkat kesehatan Bank Mandiri Taspen         The composite rating of Bank Mandiri Taspen’s soundness
posisi 31 Desember 2025 berada pada komposit 1 (satu).           level as of December 31, 2025 was at composite 1 (CR-1). The
Analisis berdasarkan tabel di atas mencerminkan kondisi PT       analysis based on the table above reflects the condition of PT
Bank Mandiri Taspen secara umum SANGAT SEHAT, sehingga           Bank Mandiri Taspen was generally EXTREMELY SOUND, so it
dinilai mampu menghadapi pengaruh negatif yang signifikan        was considered capable of facing significant negative influence
dari perubahan kondisi bisnis dan faktor eksternal lainnya       coming from changes in business condition and other external
tercermin dari peringkat faktor-faktor penilaian, antara lain    factors as reflected in the ratings of assessment factors,
Profil Risiko, penerapan GCG, Rentabilitas, dan Permodalan       among other risk profile, implementation of GCG, profitability
yang secara umum baik. Apabila terdapat kelemahan, maka          (earnings), and capital, which in general were extremely good.
secara umum kelemahan tersebut kurang bersifat minor dan         If there was a weakness, in general, the weakness was not
dapat segera diperbaiki.                                         significant.



Informasi Kelangsungan Usaha                                     Business Continuity Information

Hal yang Berpotensi Berpengaruh                                  Things that Potentially Giving Significant
Signifikan Terhadap Kelangsungan Usaha                           Effect on Business Continuity

Berdasarkan hasil penilaian manajemen atas kemampuan Bank        Based on management’s assessment of Bank Mandiri Taspen’s
Mandiri Taspen untuk melanjutkan kelangsungan usaha di           ability to continue as a going concern in the foreseeable future,
masa yang akan datang, diketahui bahwa Bank tidak memiliki       the Bank had no conditions that could potentially have a
hal-hal yang berpotensi berpengaruh signifikan terhadap          significant impact on its business continuity.
kelangsungan usaha Bank Mandiri Taspen.


Tekanan pada dana murah adalah tantangan yang tidak bisa         Pressure on low-cost funds (CASA) remained a challenge that
diselesaikan hanya dengan menaikan bunga. Bank Mandiri           could not be addressed solely through interest rate adjustments.
Taspen perlu bertransformasi menjadi mitra keuangan digital      Bank Mandiri Taspen needed to transform into a relevant digital




2025 Annual Report                                                                                                     287
Page 288
Analisis dan Pembahasan Manajemen atas Kinerja Bank
Management Discussion and Analysis of Bank Performance




yang relevan bagi nasabah pensiunan, agar casa tetap tumbuh           financial partner for pension customers, in order to sustain
tanpa mengorbankan profitabilitas. Sehubungan dengan itu,             CASA growth without compromising profitability. In this
Bank Mandiri Taspen mengembangkan beragam inovasi fitur               regard, the Bank had developed various innovations in features
dan fasilitas pada infrastruktur layanan perbankan digital yaitu      and facilities within its digital banking service infrastructure,
antara lain peningkatan jumlah Smart Branch di jaringan kantor        including the expansion of Smart Branches across its network
Bank Mandiri Taspen untuk percepatan layanan transaksi                to accelerate banking transactions and support the mobilization
perbankan dan menghimpun dana murah.                                  of low-cost funds.


Dalam rangka meningkatkan customer base funding khususnya             To enhance its customer funding base, particularly in the retail
segmen retail, Bank Mandiri Taspen terus mengoptimalkan               segment, Bank Mandiri Taspen had continued to optimize the
utilisasi e-channel yang sudah ada, di antaranya melalui              utilization of existing e-channels, including through its mobile
fitur mobile banking yang juga terus disempurnakan dengan             banking platform, which had been continuously enhanced with
penambahan fitur-fitur baru di antaranya konsultasi kesehatan         new features. These included health consultation services in
kerjasama dengan KlikDokter, registrasi dan aktivasi online,          collaboration with KlikDokter, online registration and activation,
biometric login, standby loan, online onboarding, top up              biometric login, standby loan facilities, online onboarding,
E-Money, block Kartu Debit, penambahan biller payment                 e-money top-up, debit card blocking, additional bill payment
purchase, forgot password, pembayaran merchant Indomaret,             and purchase services, password recovery features, merchant
Biller Omni Channel, fitur tarik tunai tanpa kartu melalui ATM        payments at Indomaret, Omni Channel biller services, cardless
Jalin (LINK), fitur setor tunai (cash in) merchant Indomaret, fitur   cash withdrawal through ATM Jalin (LINK), cash-in services via
setor tunai (cash in) merchant Indomaret, fitur QRIS customer         Indomaret merchants, QRIS customer-presented mode, and
presented mode, dan penambahan biller pada mobile banking.            the addition of billers in mobile banking. With these feature
Dengan penambahan fitur ini, Bank terus mengoptimalkan                enhancements, the Bank had continued to optimize mobile
akuisisi user mobile banking dengan total user per Desember           banking user acquisition, reaching a total of 446,986 users as
2025 sebesar 446.986 user.                                            of December 2025.


Assessment Manajemen atas Hal yang                                    Management Assessment of Matters that
Berpotensi Berpengaruh Signifikan                                     Have the Potentially Significant Effect on
Terhadap Kelangsungan Usaha                                           Business Continuity

Manajemen secara rutin melakukan evaluasi dan assessment              Management routinely conducts evaluations and assessments
terkait dengan kemampuan dan pencapaian target kinerja dari           related to the ability and achievement of performance targets
seluruh unit sesuai dengan rencana bisnis bank yang telah             of all units in accordance with the bank’s business plan that has
disusun. Evaluasi dilakukan secara berkala untuk setiap level         been prepared. Evaluation is carried out periodically for each
meliputi produktivitas, profitabilitas serta indikator-indikator      level covering productivity, profitability and the main indicators
utama yang tertuang dalam Key Performance Indicator (KPI)             contained in the work unit’s Key Performance Indicator (KPI).
unit kerja. Berdasarkan hasil penilaian dan evaluasi yang rutin       Based on the results of regular assessments and evaluations,
dilakukan secara berkala, Manajemen Bank berkeyakinan bahwa           the Bank’s Management believes that the Bank has the
Bank memiliki sumber daya untuk melakukan kegiatan usaha              resources to carry out business activities in the future. The Bank
dimasa mendatang. Bank tidak memiliki ketidakpastian material         does not have material uncertainties that could raise significant
yang dapat menimbulkan keraguan yang signifikan terhadap              doubts about the ability of Bank Mandiri Taspen to maintain
kemampuan Bank Mandiri Taspen untuk mempertahankan                    business continuity.
kelangsungan usaha.


Asumsi yang Digunakan dalam Melakukan                                 Assumptions Used in Conducting the
Assessment                                                            Assessment

Dalam melaksanakan penilaian atas kemampuan Bank Mandiri              In carrying out the assessment of the ability of Bank Mandiri
Taspen untuk melanjutkan kelangsungan usaha di masa yang              Taspen to continue business continuity in the future, several
akan datang, digunakan beberapa asumsi dan pertimbangan.              assumptions and considerations are used. These assumptions
Asumsi dan pertimbangan tersebut, antara lain kinerja                 and considerations include financial performance, level of
keuangan, tingkat kecukupan modal, likuiditas, solvabilitas,          capital adequacy, liquidity, solvency, profitability and efficiency




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                                                                                                          PT Bank Mandiri Taspen




profitabilitas, dan efisiensi Bank Mandiri Taspen, permasalahan    of Bank Mandiri Taspen, internal problems and lawsuits faced
internal dan perkara hukum yang dihadapi Bank Mandiri              by Bank Mandiri Taspen, as well as current and future micro
Taspen, serta kondisi ekonomi mikro dan makro pada saat ini        and macroeconomic conditions come.
dan masa yang akan datang.



Kerangka Governansi, Pengelolaan                                   Governance Framework, Management
dan Pengendalian Aspek Perpajakan                                  and Control Aspect of Taxation

Pendekatan Bank Mandiri Taspen terhadap pajak didasari oleh        Bank Mandiri Taspen’s approach to taxes is based on compliance
kepatuhan pada seluruh peraturan perpajakan yang berlaku.          with all applicable tax regulations. Bank Mandiri Taspen has
Bank Mandiri Taspen telah membangun kebijakan dan strategi         developed tax policies and strategies which are approved and
pajak yang disetujui dan ditinjau oleh Direktur Keuangan dalam     reviewed by the Director of Finance in the Annual Corporate
pelaporan SPT Tahunan PPh Badan. Strategi pajak ini ditinjau       Income Tax reporting. This tax strategy is reviewed annually by
setiap tahun oleh Direktur Keuangan.                               the Finance Director.


Dalam pelaksanaan tata kelola dan pengontrolan pajak, Bank         In implementing tax governance and control, Bank Mandiri
Mandiri Taspen telah menetapkan proses yang komprehensif           Taspen has established a comprehensive and structured
dan terstruktur, seperti:                                          process, such as:
1. Badan tata kelola (eksekutif) yang bertanggung jawab            1. The governance body (executive) responsible for
    untuk menerapkan strategi pajak adalah Direktur Keuangan.          implementing the tax strategy is the Finance Director.
2. Pendekatan terhadap pajak ditanamkan dalam perusahaan           2. An approach to tax is instilled in the company through
    melalui tersedianya Standar Prosedur Perpajakan,                   the availability of Standard Tax Procedures, developing an
    mengembangkan sistem aplikasi yang embedded dengan                 application system that is embedded in the tax process, and
    proses perpajakan, dan peningkatan kesadaran perpajakan            increasing tax awareness through training and socialization
    melalui sarana training dan sosialisasi.                           facilities.
3. Mengidentifikasi, mengelola, dan memonitor risiko pajak         3. Identify, manage and monitor tax risks through continuous
    melalui monitoring dan rekonsiliasi berkesinambungan               monitoring and reconciliation carried out by the SPM &
    yang dilakukan oleh Divisi SPM & Accounting dan unit kerja         Accounting Division and related work units as well as
    terkait serta monitoring dan review berkala oleh Senior            regular monitoring and reviews by Senior Operational Risk
    Operational Risk (SOR), audit internal, dan audit eksternal        (SOR), internal audit and external audit (Public Accounting
    (Kantor Akuntan Publik).                                           Firm).
4. Evaluasi kepatuhan pada tata kelola pajak dan                   4. Evaluation of compliance with tax governance and control
    pengontrolannya dilakukan dengan cara melakukan                    is carried out by carrying out continuous monitoring by the
    monitoring secara kontinyu oleh Divisi SPM & Accounting            SPM & Accounting Division and related work units as well
    dan unit kerja terkait serta monitoring dan evaluasi berkala       as periodic monitoring and evaluation by SOR and internal
    oleh SOR dan audit internal. Bank Mandiri Taspen tidak             audit. Bank Mandiri Taspen does not use insurers in tax
    menggunakan asurer dalam pengontrolan pajak.                       control.


Pemangku kepentingan yang terpenting dalam hal perpajakan          The most important stakeholder in tax matters is the government
adalah pemerintah melalui kantor pajak. Untuk itu, Bank            through the tax office. For this reason, Bank Mandiri Taspen
Mandiri Taspen senantiasa membina hubungan baik dengan             always maintains good relations with the tax authorities, but
otoritas perpajakan, namun tanpa terlibat dalam advokasi           without being involved in public policy advocacy related to
kebijakan publik terkait perpajakan, maupun upaya-upaya            taxation, or other efforts to influence the tax authorities. Bank
lain untuk mempengaruhi otoritas perpajakan. Bank Mandiri          Mandiri Taspen implements compliance with all laws and
Taspen menerapkan kepatuhan terhadap seluruh peraturan             regulations issued by the tax authorities. Bank Mandiri Taspen
perundangan yang dikeluarkan oleh otoritas perpajakan. Bank        only operates in Indonesia, therefore tax reporting is only done
Mandiri Taspen hanya beroperasi di Indonesia, untuk itu laporan    in Indonesia.
perpajakan hanya dilakukan untuk Indonesia




2025 Annual Report                                                                                                       289
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Analisis dan Pembahasan Manajemen atas Kinerja Bank
Management Discussion and Analysis of Bank Performance




Bank Mandiri Taspen dalam kegiatan operasionalnya telah            Bank Mandiri Taspen in its operational activities has implemented
menjalankan tata kelola perusahaan yang baik (Good Corporate       good corporate governance which is carried out transparently
Governance) yang dilakukan secara transparan dan akuntabel         and accountably, especially in managing its tax rights and
khususnya dalam mengelola hak dan kewajiban perpajakannya.         obligations. Bank Mandiri Taspen has carried out its tax rights
Bank Mandiri Taspen telah menjalankan hak dan kewajiban            and obligations in accordance with applicable regulations.
perpajakannya dilakukan sesuai dengan peraturan yang               During the 2025 period, there had been no instances of non-
berlaku. Pada periode 2025, tidak terdapat ketidakpatuhan          compliance by Bank Mandiri Taspen in fulfilling its tax payment
Bank Mandiri Taspen dalam kewajiban membayar pajak. Total          obligations. The total tax payments for the 2024–2025 period
pembayaran pajak periode 2024-2025 diuraikan sebagai               were detailed as follows.
berikut.


Tabel Pembayaran Pajak						
Table of Tax Payment
                                                                                                       (dalam jutaan Rupiah / in IDR million)


             Uraian Pajak                         2025                     2024                        Tax Description

 PPh Pasal 25                                   382,220                   367,317                                        PPh Article 25

 PPh Pasal 29                                      3,628                    4,056                                        PPh Article 29

 PPh Pasal 21                                    85,968                    82,979                                        PPh Article 21

 PPh Pasal 23                                     10,364                   10,617                                        PPh Article 23

 PPh Pasal 26                                            75                    73                                        PPh Article 26

 PPh Pasal 4 ayat (2)                           390,153                   372,058                        PPh Article 4 paragraph (2)

 PPN                                              10,011                    9,402                                                    PPN

 Pajak Daerah                                      3,413                    3,029                                              Local Tax

 Total                                          885,832                   849,531                                                   Total




Larangan, Batasan, dan/atau Hambatan                               Prohibitions, Limitations and/ or
Signifikan Untuk Melakukan Transfer                                Significant Obstacles to the Provision
Dana Antara Bank dan Entitas Lain                                  of Funds Between Banks and Other
Dalam Satu Kelompok Usaha                                          Entities in a Business Groups

Dalam menjalankan kegiatan usahanya, Bank Mandiri Taspen           In carrying out its business activities, Bank Mandiri Taspen has
telah menetapkan kebijakan yang mencakup batasan dalam             established a policy that includes limitations in carrying out
melakukan kegiatan transfer dana yang diuraikan sebagai berikut.   fund transfer activities which are described as follows.
1. Bank Mandiri Taspen tidak memiliki batasan yang pada            1. Bank Mandiri Taspen does not have any restrictions on
    prosedur operasional terkait transfer dana nasabah baik            operational procedures related to transfers of customer
    transfer masuk maupun keluar antar bank dan entitas lain           funds, both incoming and outgoing transfers between
    dalam satu kelompok usaha sebagaimana diatur dalam                 banks and other entities within the same business group as
    Petunjuk Teknis Aktivitas Penempatan Dana PT Bank                  stipulated in the PT Bank Mandiri Taspen Fund Placement
    Mandiri Taspen.                                                    Activity Technical Guidelines.
2. Bank Mandiri Taspen mengacu pada BMPK dan Placement             2. Bank Mandiri Taspen refers to the BMPK and Placement
    Limit yang dibuat oleh Risk Management terkait dengan              Limits made by Risk Management related to transfers of
    transfer dana untuk penempatan Antar Bank dari Bank                funds for Interbank placements from Bank Mandiri Taspen
    Mandiri Taspen ke Bank Lain dan Entitas dalam satu                 to Other Banks and Entities within one business group.
    kelompok usaha.
3. Bank Mandiri Taspen mengacu pada peraturan OJK dan              3. Management policies related to the transfer of Investment
    kebijakan management dana terkait dengan transfer dana            funds in Securities sold by other entities in the same
    Investasi pada Surat-Surat Berharga yang dijual oleh              business group.
    entitas lain dalam satu kelompok usaha.




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                                                                                                           PT Bank Mandiri Taspen




Dalam menjalankan kegiatan usahanya, Bank Mandiri Taspen              In carrying out its business activities, Bank Mandiri Taspen
telah menetapkan kebijakan yang mencakup batasan dalam                has established a policy that includes limits on providing
pemberian dana kepada pihak terkait sesuai Peraturan Otoritas         funds to related parties in accordance with the Republic of
Jasa Keuangan Republik Indonesia Nomor 32/POJK.03/2018                Indonesia’s Financial Services Authority Regulation Number
tentang Batas Maksimum Pemberian Kredit (BMPK) dan                    32/POJK.03/2018 concerning Legal Lending Limits (LLL) and
Penyediaan Dana Besar Bagi Bank Umum dan POJK Nomor                   Provision of Large Funds for Commercial Banks and POJK No.
38 /POJK.03/2019 Tentang Perubahan atas POJK Nomor 32/                38 /POJK.03/2019 concerning Amendments to POJK No. 32/
POJK.03/2018 Tentang BMPK dan Penyediaan Dana Besar                   POJK.03/2018 Concerning LLL and Provision of Large Funds
Bagi Bank Umum. Pihak terkait adalah perorangan atau                  for Commercial Banks. Related parties are individuals or
perusahaan yang mempunyai hubungan pengendalian dengan                companies that have a controlling relationship with the Bank,
Bank, baik secara langsung maupun tidak langsung, melalui             either directly or indirectly, through ownership, management
hubungan kepemilikan, kepengurusan, dan/atau keuangan.                and/or financial relationships.


Tabel Penyediaan Dana Kepada Pihak Terkait dan Debitur Besar
Table of Provision of Funds to Related Parties and Large Debtors

                                                      Jumlah 2025                                   Jumlah 2024
                                                     Amount in 2025                                Amount in 2024
             Penyedia Dana
 No
             Fund Provider                                         Nominal                                        Nominal
                                       Number of                                        Number of
                                                           (dalam jutaan Rupiah)                          (dalam jutaan Rupiah)
                                     Account (NoA)                                    Account (NoA)
                                                              (in IDR millions)                              (in IDR millions)

       Kepada Pihak Terkait
  1                                           36                   87,975                    43                        62,309
       To Related Parties

       Kepada 20 Debitur Inti
  2                                           27                   64,710                    26                      110,244
       To 20 Core Debtors

       a. Individu
                                              27                   64,710                    26                      110,244
       a. Individual

       b. Grup
                                               0                         0                    0                               0
       a. Group

       Total Debitur Inti
                                              63                  152,685                    69                      172,553
       Total Core Debtors



Tabel Total Penyediaaan Dana Bank Kepada Pihak Terkait		
Table of Total Provision of Bank Funds to Related Parties
                                                                                                        (dalam jutaan Rupiah / in IDR million)


                       Uraian                      Nominal 2025    Nominal 2024                       Description

 Modal Pada Tanggal Laporan                         9,526,269         7,801,629                                 Capital at Report Date

 BMPK (10% dari Modal) Pada Tanggal Laporan          952,627            780,163                LLL (10% of Modal) on the Report Date

 Outstanding Pihak Terkait                             87,975            62,309                            Related Party Outstanding

 Kelonggaran BMPK                                          0                  0                                           LLL allowance

 Pelampauan BMPK                                           0                  0                                         LLL Exceedance




2025 Annual Report                                                                                                                291
Page 292
Analisis dan Pembahasan Manajemen atas Kinerja Bank
Management Discussion and Analysis of Bank Performance




Transaksi Spot dan Transaksi Derivatif                             Spot Transactions and Derivative
                                                                   Transactions

Ikhtisar transaksi spot dan transaksi derivatif pada tanggal       A summary of spot transactions and derivative transactions as
31 Desember 2024-2025 adalah sebagai berikut:                      of December 31, 2024-2025 is as follows:


Tabel Ikhtisar Transaksi Spot dan Transaksi Derivatif
Table of Spot and Derivative Transactions Overview

                                              Nilai Wajar 2025                                 Nilai Wajar 2024
                                              Fair Value 2025                                  Fair Value 2024

                                 Nilai kontrak                                    Nilai kontrak
          Transaksi
                                (absolut setara       Tagihan     Liabilitas     (absolut setara      Tagihan       Liabilitas
        Transactions
                                   Rupiah)           Derivatif    Derivatif         Rupiah)          Derivatif      Derivatif
                                Contract Value       Derivative   Derivative     Contract Value      Derivative     Derivative
                               (absolute Rupiah     Receivables   Liabilities   (absolute Rupiah    Receivables     Liabilities
                                  equivalent)                                      equivalent)

 Pihak berelasi
 Related Party

 Terkait nilai tukar
 Related Exchange Rate

 1. Kontrak berjangka - beli
 1. Futures contract – buy

   Dolar Amerika Serikat
                                     Nihil               Nihil      Nihil             Nihil             Nihil          Nihil
   United States Dollar

 2. Kontrak berjangka - jual
 2. Forward contract – sell

   Dolar Amerika Serikat
                                     Nihil               Nihil      Nihil             Nihil             Nihil          Nihil
   United States Dollar

 3. Swap - beli
 3. Swap - buy

   Dolar Amerika Serikat
                                     Nihil               Nihil      Nihil             Nihil             Nihil          Nihil
   United States Dollar

 4. Swap - jual
 4. Swap - sell

   Dolar Amerika Serikat
                                     Nihil               Nihil      Nihil             Nihil             Nihil          Nihil
   United States Dollar

 5. Option - beli
 5. Option - buy

   Dolar Amerika Serikat
                                     Nihil               Nihil      Nihil             Nihil             Nihil          Nihil
   United States Dollar

   Lain-lain
                                     Nihil               Nihil      Nihil             Nihil             Nihil          Nihil
   Others

 Terkait suku bunga
 Related Interest Rate

 1. Swap - suku bunga
 1. Swap – interest rate

   Dolar Amerika Serikat
                                     Nihil               Nihil      Nihil             Nihil             Nihil          Nihil
   United States Dollar

 Total pihak berelasi
                                     Nihil               Nihil      Nihil             Nihil             Nihil         Nihil
 Total of Related Party



 Pihak ketiga
 Third party

 Terkait nilai tukar
 Related Exchange Rate

 1. Kontrak berjangka - beli
 1. Forward contract - buy




    292                                                                                                     Laporan Tahunan 2025
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                                                                                                      PT Bank Mandiri Taspen




                                              Nilai Wajar 2025                                Nilai Wajar 2024
                                              Fair Value 2025                                 Fair Value 2024

                                 Nilai kontrak                                   Nilai kontrak
           Transaksi
                                (absolut setara      Tagihan     Liabilitas     (absolut setara      Tagihan     Liabilitas
         Transactions
                                   Rupiah)          Derivatif    Derivatif         Rupiah)          Derivatif    Derivatif
                                Contract Value      Derivative   Derivative     Contract Value      Derivative   Derivative
                               (absolute Rupiah    Receivables   Liabilities   (absolute Rupiah    Receivables   Liabilities
                                  equivalent)                                     equivalent)

   Dolar Amerika Serikat
                                    Nihil              Nihil       Nihil            Nihil              Nihil        Nihil
   United States Dollar

   Lain-lain
                                    Nihil              Nihil       Nihil            Nihil              Nihil        Nihil
   Others

 2. Kontrak berjangka - jual
 2. Forward contract - sell

   Dolar Amerika Serikat
                                    Nihil              Nihil       Nihil            Nihil              Nihil        Nihil
   United States Dollar

   Lain-lain
                                    Nihil              Nihil       Nihil            Nihil              Nihil        Nihil
   Others

 3. Swap - beli
 3. Swap - buy

   Dolar Amerika Serikat
                                    Nihil              Nihil       Nihil            Nihil              Nihil        Nihil
   United States Dollar

   Lain-lain
                                    Nihil              Nihil       Nihil            Nihil              Nihil        Nihil
   Others

 4. Swap - jual
 4. Swap - sell

   Dolar Amerika Serikat
                                    Nihil              Nihil       Nihil            Nihil              Nihil        Nihil
   United States Dollar

   Lain-lain
                                    Nihil              Nihil       Nihil            Nihil              Nihil        Nihil
   Others

 5. Option - beli
 5. Option - buy

   Dolar Amerika Serikat
                                    Nihil              Nihil       Nihil            Nihil              Nihil        Nihil
   United States Dollar

   Lain-lain
                                    Nihil              Nihil       Nihil            Nihil              Nihil        Nihil
   Others

 6. Option - jual
 6. Option - sell

   Dolar Amerika Serikat
                                    Nihil              Nihil        Nihil           Nihil              Nihil        Nihil
   United States Dollar

   Lain-lain
                                    Nihil              Nihil        Nihil           Nihil              Nihil        Nihil
   Others

 Terkait suku bunga
 Related interested rate

 1. Swap - suku bunga
 1. Swap – interest rate

   Dolar Amerika Serikat
                                    Nihil              Nihil        Nihil           Nihil              Nihil        Nihil
   United States Dollar

   Lain-lain
                                    Nihil              Nihil        Nihil           Nihil              Nihil        Nihil
   Others

 Total pihak berelasi
                                    Nihil              Nihil        Nihil           Nihil              Nihil        Nihil
 Total of Related Party

 Total                              Nihil              Nihil        Nihil           Nihil              Nihil        Nihil




2025 Annual Report                                                                                                 293
Page 294
 Informasi Eksposur Risiko
 dan Permodalan




294                          Laporan Tahunan 2025
Page 295
                     Risk Exposure and
                     Capital Information




2025 Annual Report                         295
Page 296
Informasi Eksposur Risiko dan Permodalan
Risk Exposure and Capital Information




Ukuran Utama (Key Metrics/KM1)
Key Metrics (KM1)


Tabel Ukuran Utama (Key Metics/KM1)
Table of Main Metrics (Key Metrics/KM1)

                                                                             31 Desember 30 September                 31 Maret      31 Desember
                                                                                 2025        2025      30 Juni 2025    2025             2024
                                                                             December 31, September   June 30, 2025   March 31,     December 31,
                                    Deskripsi                                    2025      30, 2025                    2025             2024
 No.
                                   Description
                                                                                  a            b            c             d               e

                                                                                  T           T–1          T–2           T–3             T–4

        Modal yang Tersedia (nilai)
        Available Capital (Amount)

        Modal Inti Utama (CET1)
  1                                                                            9,163,760    8,663,033    8,356,131     7,896,932       7,469,576
        Main Core Capital (CET1)

        Modal Inti (Tier 1)
  2                                                                            9,163,760    8,663,033    8,356,131     7,896,932       7,469,576
        Core Capital (Tier 1)

        Total Modal
  3                                                                            9,526,269    9,016,586    8,699,973     8,239,342       7,802,545
        Total Capital

        Aset Tertimbang Menurut Risiko (Nilai)
        Risk-Weighted Assets (Amount)

        Total Aset Tertimbang Menurut Risiko (ATMR)
  4                                                                           31,268,107   30,554,027   29,712,736    29,536,752      28,449,060
        Total Risk-Weighted Assets (RWA)

        Rasio Modal berbasis Risiko dalam bentuk persentase dari ATMR
        Risk-Based Capital Ratios as a percentage of RWA

        Rasio CET1 (%)
  5                                                                              29.31%       28.35%       28.12%        26.74%          26.26%
        CET1 Ratio (%)

        Rasio Tier 1 (%)
  6                                                                              29.31%       28.35%       28.12%        26.74%          26.26%
        Tier 1 Ratio (%)

        Rasio Total Modal (%)
  7                                                                              30.47%       29.51%       29.28%        27.90%          27.43%
        Total Capital Ratio (%)

        Tambahan CET1 yang berfungsi sebagai buffer dalam bentuk persentase dari ATMR
        Additional CET1 serving as a buffer as a percentage of RWA

        Capital conservation buffer (2.5% dari ATMR) (%)
  8                                                                               2.50%        2.50%        2.50%         2.50%           2.50%
        Capital Conservation Buffer (2.5% of RWA) (%)

        Countercyclical Buffer (0 - 2.5% dari ATMR) (%)
  9                                                                                    -            -            -              -              -
        Countercyclical Buffer (0 – 2.5% of RWA) (%)

        Capital Surcharge untuk Bank Sistemik (1% - 2.5%) (%)
  10                                                                                   -            -            -              -              -
        Capital Surcharge for Systemic Banks (1% – 2.5%) (%)

        Total CET1 sebagai buffer (Baris 8 + Baris 9 + Baris 10)
  11                                                                              2.50%        2.50%        2.50%         2.50%           2.50%
        Total CET1 as Buffer (Line 8 + Line 9 + Line 10)

        Komponen CET1 untuk buffer
  12                                                                               22.47        21.51        21.28        19.90            19.43
        CET1 Components for Buffer

        Rasio pengungkit sesuai Basel III
        Leverage Ratio in accordance with Basel III

        Total Eksposur
  13                                                                          72,773,484   66,100,251   66,854,021    65,902,167      64,129,987
        Total Exposure

        Nilai Rasio Pengungkit, termasuk dampak dari penyesuaian
        terhadap pengecualian sementara atas penempatan giro pada
        Bank Indonesia dalam rangka memenuhi ketentuan GWM (jika ada)
  14    Leverage Ratio Value, including the impact of adjustments for            12.59%       12.46%       12.64%        11.81%          11.33%
        the temporary exemption on current account placements with
        Bank Indonesia for the purpose of fulfilling the Statutory Reserve
        Requirement (GWM), if any

        Nilai Rasio Pengungkit, tidak termasuk dampak dari penyesuaian
        terhadap pengecualian sementara atas penempatan giro pada
        Bank Indonesia dalam rangka memenuhi ketentuan GWM (jika ada)
 14b    Leverage Ratio Value, excluding the impact of adjustments for            12.59%       12.46%       12.64%        11.81%          11.33%
        the temporary exemption on current account placements with
        Bank Indonesia for the purpose of fulfilling the Statutory Reserve
        Requirement (GWM), if any




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                                                                                 31 Desember 30 September                         31 Maret      31 Desember
                                                                                     2025        2025      30 Juni 2025            2025             2024
                                                                                 December 31, September   June 30, 2025           March 31,     December 31,
                                     Deskripsi                                       2025      30, 2025                            2025             2024
  No.
                                    Description
                                                                                      a               b               c               d               e

                                                                                      T              T–1             T–2             T–3             T–4

          Nilai Rasio Pengungkit, termasuk dampak dari penyesuaian
          terhadap pengecualian sementara atas penempatan giro pada Bank
          Indonesia dalam rangka memenuhi ketentuan GWM (jika ada), yang
          telah memasukkan nilai rata-rata dari nilai tercatat aset Securities
          Financing Transaction (SFT) secara gross
  14c     Leverage Ratio Value, including the impact of adjustments for              12.77%         12.95%           13.18%          12.33%          11.60%
          the temporary exemption on current account placements with
          Bank Indonesia for the purpose of fulfilling the Statutory Reserve
          Requirement (GWM), if any, incorporating the average value of
          gross carrying amounts of Securities Financing Transaction (SFT)
          assets

          Nilai Rasio Pengungkit, tidak termasuk dampak dari penyesuaian
          terhadap pengecualian sementara atas penempatan giro pada
          Bank Indonesia dalam rangka memenuhi ketentuan GWM (jika
          ada), yang telah memasukkan nilai rata-rata dari nilai tercatat aset
          SFT secara gross
  14d                                                                                12.77%         12.95%           13.18%          12.33%          11.60%
          Leverage Ratio Value, excluding the impact of adjustments for
          the temporary exemption on current account placements with
          Bank Indonesia for the purpose of fulfilling the Statutory Reserve
          Requirement (GWM), if any, incorporating the average value of
          gross carrying amounts of SFT assets

          Rasio Kecukupan Likuiditas (LCR)
          Liquidity Coverage Ratio (LCR)

          Total Aset Likuid Berkualitas Tinggi (HQLA)
  15                                                                              18,770,749     18,534,301      17,024,286      16,551,329      16,444,401
          Total High-Quality Liquid Assets (HQLA)

          Total Arus Kas Keluar Bersih (net cash outflow)
  16                                                                               8,229,133      8,663,116       8,456,942        7,876,951       7,740,891
          Total Net Cash Outflows

  17      LCR (%)                                                                   228.10%        213.94%          201.31%         210.12%         212.44%

          Rasio Pendanaan Stabil Bersih (NSFR)
          Net Stable Funding Ratio (NSFR)

          Total Pendanaan Stabil yang Tersedia (ASF)
  18                                                                              47,688,102     47,232,841      44,651,071      44,474,707      42,236,533
          Total Available Stable Funding (ASF)

          Total Pendanaan Stabil yang Diperlukan (RSF)
  19                                                                              44,041,185     42,703,916      41,510,433      41,008,180      40,113,301
          Total Required Stable Funding (RSF)

  20      NSFR (%)                                                                  108.28%         110.61%         107.57%        108.45%          105.29%




                                                                         Analisis Kualitatif
                                                                         Qualitative Analysis

 Secara umum rasio pengungkit (Leverage Ratio) untuk posisi                            In general, the Leverage Ratio as of December 31, 2025 remained
 31 Desember 2025 masih berada di atas batas minimal regulator                         above the minimum regulatory threshold at 12.59%. Meanwhile,
 yaitu sebesar 12.59%. Sedangkan dilihat dari sisi Total modal Bank                    from the perspective of Total Capital, Bank Mandiri Taspen recorded
 Mandiri Taspen sampai dengan Triwulan IV tahun 2025 tercatat                          IDR9,526 billion as of Q4 2025, representing an increase of 5.65%
 sebesar Rp9.526 miliar, atau meningkat 5.65% dari Triwulan III yang                   compared to Q3, primarily driven by growth in capital-augmenting
 disebabkan adanya pertumbuhan faktor penambah modal.                                  factors.
 Sehubungan dengan penetapan status Bank Mandiri Taspen menjadi                        In relation to the designation of Bank Mandiri Taspen as a KBMI 2 bank
 KBMI 2 pada Bulan April 2024, maka mulai periode Triwulan II 2024                     in April 2024, starting from Q2 2024 the Bank has established a Capital
 Bank melakukan pembentukan Capital Conservation Buffer sebesar                        Conservation Buffer of 2.5% and has commenced the calculation of the
 2.5% dan melakukan perhitungan terhadap Rasio Kecukupan                               Liquidity Coverage Ratio (LCR) and Net Stable Funding Ratio (NSFR).
 Likuiditas (LCR) dan Rasio Pendanaan Stabil Bersih (NSFR).

*T adalah periode triwulanan, T-1 adalah periode 1 triwulan sebelumnya
*T denotes a quarterly period, and T-1 denotes the previous quarter period.




2025 Annual Report                                                                                                                                  297
Page 298
Informasi Eksposur Risiko dan Permodalan
Risk Exposure and Capital Information




Perbedaan Antara Cakupan Konsolidasi dan Mapping Pada
Laporan Keuangan Sesuai Standar Akuntansi Keuangan
dengan Kategori Risiko Sesuai dengan Ketentuan Otoritas
Jasa Keuangan Kategori Risiko (LI1)
Differences Between the Scope of Consolidation and the Mapping in Financial
Statements in Accordance with Financial Accounting Standards and Risk Categories
in Accordance with the Financial Services Authority Regulations (LI1)



Tabel Perbedaan antara Cakupan Konsolidasi dan Mapping pada Laporan sesuai Standar Akuntansi Keuangan dengan
Kategori Risiko Sesuai dengan Ketentuan Otoritas Jasa Keuangan Kategori Risiko (LI1)
Table of Differences between the Scope of Consolidation and the Mapping in Financial Statements in accordance with
Financial Accounting Standards and Risk Categories in accordance with Financial Services Authority Regulations (LI1)


                                                                                   a                            b



                                                                       Nilai tercatat sebagaimana
                                                                       tercantum dalam publikasi    Nilai tercatat berdasarkan
                                                                            laporan keuangan           prinsip kehati-hatian
                                                                           Carrying amount as       Carrying amount based on
                                                                       presented in the published      prudential principles
                                                                           financial statements



 Aset
 Assets

 Kas
                                                                                  152,993                      152,993
 Cash

 Penempatan pada Bank Indonesia
                                                                                7,644,996                    7,644,996
 Placements with Bank Indonesia

 Penempatan pada bank lain
                                                                                   74,756                       74,756
 Placements with Other Banks

 Tagihan spot dan derivatif
                                                                                        -                            -
 Spot and Derivative Receivables

 Surat berharga Yang Dimiliki
                                                                               13,019,332                   13,019,332
 Securities Held

 Surat berharga yang dijual dengan janji dibeli kembali (repo)
                                                                                        -                            -
 Securities Sold under Repurchase Agreements (Repo)

 Tagihan atas surat berharga yang dibeli dengan janji dijual kembali
 (reverse repo)
                                                                                1,014,855                    1,014,855
  Receivables from Securities Purchased under Resale Agreements
 (Reverse Repo)

 Tagihan akseptasi
                                                                                        -                            -
 Acceptance Receivables

 Kredit Yang Diberikan
                                                                               50,530,716                   50,530,716
 Loans

 Piutang pembiayaan konsumen
                                                                                        -                            -
 Consumer Financing Receivables

 Pembiayaan syariah
                                                                                        -                            -
 Sharia Financing




    298                                                                                                     Laporan Tahunan 2025
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                                                                                                       PT Bank Mandiri Taspen




          c                      d                       e                     f                           g

                                                Nilai tercatat masing-masing risiko
                                                   Carrying amount for each risk

                          Sesuai kerangka
 Sesuai kerangka                                 Sesuai kerangka       Sesuai kerangka     Tidak mengacu pada persyaratan
                        counterparty credit
    risiko kredit                                   sekuritisasi          risiko pasar       permodalan atau berdasarkan
                                  risk
   In accordance                                In accordance with    In accordance with         pengurangan modal
                         In accordance with
 with the credit risk                            the securitization     the market risk    Not subject to capital requirements
                          the counterparty
     framework                                      framework              framework             or capital deductions
                        credit risk framework




                 -                -                      -                     -                            -


                 -                -                      -                     -                            -


                 -                -                      -                     -                            -


                 -                -                      -                     -                            -


                 -                -                      -                     -                            -


                 -                -                      -                     -                            -



                 -                -                      -                     -                            -



                 -                -                      -                     -                            -


     28,102,637,10                -                      -                     -                            -


                 -                -                      -                     -                            -


                 -                -                      -                     -                            -




2025 Annual Report                                                                                                   299
Page 300
Informasi Eksposur Risiko dan Permodalan
Risk Exposure and Capital Information




                                                                          a                            b



                                                              Nilai tercatat sebagaimana
                                                              tercantum dalam publikasi    Nilai tercatat berdasarkan
                                                                   laporan keuangan           prinsip kehati-hatian
                                                                  Carrying amount as       Carrying amount based on
                                                              presented in the published      prudential principles
                                                                  financial statements



 Penyertaan Modal
                                                                                -                            -
 Equity Investments

 Aset keuangan Lainnya
                                                                         461,990                      461,990
 Other Financial Assets

 Cadangan kerugian penurunan nilai aset keuangan -/-
 Allowance for Impairment Losses on Financial Assets -/-

 a. Surat berharga Yang Dimiliki
                                                                                -                            -
 a. Securities Held

 b. Kredit Yang Diberikan dan Pembiayaan Syariah
                                                                       (770,429)                    (770,429)
 b. Loans and Sharia Financing

 c. Lainnya
                                                                              (1)                          (1)
 c. Others

 Aset tidak berwujud
                                                                         304,824                      304,824
 Intangible Assets

 Akumulasi amortisasi aset tidak berwujud -/-
                                                                       (135,705)                    (135,705)
 Accumulated Amortization of Intangible Assets -/-

 Aset tetap dan inventaris*)
                                                                       2,004,726                    2,004,726
 Fixed Assets and Equipment *)

 Akumulasi penyusutan aset tetap dan inventaris -/-
                                                                      (1,434,539)                  (1,434,539)
 Accumulated Depreciation of Fixed Assets and Equipment -/-

 Aset non produktif
 Non-Productive Assets

 a. Properti terbengkalai
                                                                                -                            -
 a. Foreclosed Properties

 b. Agunan yang diambil alih
                                                                                -                            -
 b. Foreclosed Collateral

 c. Rekening tunda
                                                                          19,216                       19,216
 c. Suspense Accounts

 d. Aset antar kantor
                                                                                -                            -
 d. Inter-Office Assets

 Sewa Pembiayaan
                                                                                -                            -
 Finance Lease

 Aset lainnya
                                                                         130,836                      130,836
 Other Assets

 Total Aset
                                                                      73,018,566                   73,018,566
 Total Assets

 Kewajiban
                                                                                           -
 Liabilities

 Giro
                                                                         434,920                      434,920
 Current Accounts

 Tabungan
                                                                      12,392,749                   12,392,749
 Savings




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                                                                                                       PT Bank Mandiri Taspen




          c                      d                       e                     f                           g

                                                Nilai tercatat masing-masing risiko
                                                   Carrying amount for each risk

                          Sesuai kerangka
 Sesuai kerangka                                 Sesuai kerangka       Sesuai kerangka     Tidak mengacu pada persyaratan
                        counterparty credit
    risiko kredit                                   sekuritisasi          risiko pasar       permodalan atau berdasarkan
                                  risk
   In accordance                                In accordance with    In accordance with         pengurangan modal
                         In accordance with
 with the credit risk                            the securitization     the market risk    Not subject to capital requirements
                          the counterparty
     framework                                      framework              framework             or capital deductions
                        credit risk framework


                 -                -                      -                     -                            -


                 -                -                      -                     -                            -




                 -                -                      -                     -                            -


                 -                -                      -                     -                            -


                 -                -                      -                     -                            -


                 -                -                      -                     -                            -


                 -                -                      -                     -                            -


       570,187,00                 -                      -                     -                            -


                 -                -                      -                     -                            -




                 -                -                      -                     -                            -


                 -                -                      -                     -                            -


                 -                -                      -                     -                            -


                 -                -                      -                     -                            -


                 -                -                      -                     -                            -


       327,564,00                 -                      -                     -                            -


       29,000,388                 -                      -                     -                            -


                        -                       -                     -                    -


                                  -                      -                     -                            -


                                  -                      -                     -                            -




2025 Annual Report                                                                                                    301
Page 302
Informasi Eksposur Risiko dan Permodalan
Risk Exposure and Capital Information




                                                                                                   a                                  b



                                                                                   Nilai tercatat sebagaimana
                                                                                   tercantum dalam publikasi            Nilai tercatat berdasarkan
                                                                                        laporan keuangan                   prinsip kehati-hatian
                                                                                       Carrying amount as               Carrying amount based on
                                                                                   presented in the published              prudential principles
                                                                                       financial statements



 Deposito
                                                                                              42,202,904                         42,202,904
 Time Deposits

 Uang Elektronik
                                                                                                         -                                   -
 Electronic Money

 Liabilitas Kepada Bank Indonesia
                                                                                                         -                                   -
 Liabilities to Bank Indonesia

 Liabilitas Kepada bank lain
                                                                                                  49,789                              49,789
 Liabilities to Other Banks

 Liabilitas spot dan derivatif
                                                                                                         -                                   -
 Spot and Derivative Liabilities

 Liabilitas atas surat berharga yang dijual dengan janji dibeli kembali (repo)
                                                                                                         -                                   -
 Liabilities from Securities Sold under Repurchase Agreements (Repo)

 Liabilitas akseptasi
                                                                                                         -                                   -
 Acceptance Liabilities

 Surat berharga yang diterbitkan
                                                                                               2,695,416                           2,695,416
 Securities Issued

 Pinjaman/Pembiayaan yang diterima
                                                                                               5,000,000                           5,000,000
 Borrowings/Financing Received

 Setoran jaminan
                                                                                                         -                                   -
 Security Deposits

 Liabilitas antar kantor
                                                                                                         -                                   -
 Inter-Office Liabilities

 Liabilitas kepada pemegang polis unit-linked
                                                                                                         -                                   -
 Liabilities to Unit-Linked Policyholders

 Liabilitas lainnya
                                                                                                 847,488                             847,488
 Other Liabilities

 Kepentingan Minoritas (Minority Interest)
                                                                                                         -                                   -
 Minority Interest

 Total Liabilitas
                                                                                              63,623,266                         63,623,266
 Total Liabilities




                                                                  Analisis Kualitatif
                                                                  Qualitative Analysis

 Pada kerangka risiko kredit dilihat dari potensi risiko yang dapat              Within the credit risk framework, the assessment focuses on potential
 terjadi dikemudian hari jika terjadi default, sedangkan surat berharga          risks that may arise in the future in the event of default, whereas
 pada risiko pasar dilihat dari surat berharga trading yang dihitung             securities under market risk are assessed based on trading securities,
 berdasarkan risiko suku bunga dan risiko spesifik.                              which are measured in relation to interest rate risk and specific risk.




    302                                                                                                                           Laporan Tahunan 2025
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                                                                                                       PT Bank Mandiri Taspen




          c                      d                       e                     f                           g

                                                Nilai tercatat masing-masing risiko
                                                   Carrying amount for each risk

                          Sesuai kerangka
 Sesuai kerangka                                 Sesuai kerangka       Sesuai kerangka     Tidak mengacu pada persyaratan
                        counterparty credit
    risiko kredit                                   sekuritisasi          risiko pasar       permodalan atau berdasarkan
                                  risk
   In accordance                                In accordance with    In accordance with         pengurangan modal
                         In accordance with
 with the credit risk                            the securitization     the market risk    Not subject to capital requirements
                          the counterparty
     framework                                      framework              framework             or capital deductions
                        credit risk framework


                                  -                      -                     -                            -


                                  -                      -                     -                            -


                                  -                      -                     -                            -


                                  -                      -                     -                            -


                                  -                      -                     -                            -


                                  -                      -                     -                            -


                                  -                      -                     -                            -


                                  -                      -                     -                            -


                                  -                      -                     -                            -


                                  -                      -                     -                            -


                                  -                      -                     -                            -


                                  -                      -                     -                            -


                                  -                      -                     -                            -


                                  -                      -                     -                            -


                 -                -                      -                     -                            -




2025 Annual Report                                                                                                   303
Page 304
Informasi Eksposur Risiko dan Permodalan
Risk Exposure and Capital Information




Perbedaan Utama Antara Nilai Tercatat Sesuai Standar
Akuntansi Keuangan dengan Nilai Eksposur Sesuai
dengan Ketentuan OJK (LI2)
Main Differences Between Carrying Amounts in Accordance with Financial Accounting
Standards and Exposure Values in Accordance with OJK Regulations (LI2)



Tabel Perbedaan Utama antara Nilai Tercatat sesuai Standar Akuntansi Keuangan dengan Nilai Eksposur sesuai dengan
Ketentuan OJK (LI2)
Table of Main Differences between Carrying Amounts in accordance with Financial Accounting Standards and Exposure Values
in accordance with OJK Regulations (LI2)

                                                                a              b                c               d                e

                                                                                                   Item sesuai:
                                                                                            Items in accordance with:

                                                                                                             Kerangka
                                                              Total         Kerangka        Kerangka       counterparty      Kerangka
                                                                          risiko kredit    sekuritisasi     credit risk    risiko pasar
                                                                           Credit risk    Securitization   Counterparty    Market risk
                                                                           framework       framework         credit risk    framework
                                                                                                            framework

        Nilai tercatat aset sesuai dengan cakupan
        konsolidasi ketentuan kehati-hatian (sebagai
        dilaporkan pada tabel LI1)
  1.                                                        73,018,566    29,000,388            -                -               -
        Carrying amount of assets in accordance with
        the scope of consolidation under prudential
        regulations (as reported in Table LI1)

        Nilai tercatat liabilitas sesuai dengan
        cakupan konsolidasi ketentuan kehati-hatian
        (sebagai dilaporkan pada tabel LI1)
  2.                                                        63,623,266               -          -                -               -
        Carrying amount of liabilities in accordance
        with the scope of consolidation under
        prudential regulations (as reported in Table LI1)

        Total nilai bersih sesuai dengan cakupan
        konsolidasi ketentuan kehati-hatian
  3.    Total net amount in accordance with the              9,395,300    29,000,388            -                -               -
        scope of consolidation under prudential
        regulations

        Nilai rekening administratif
  4.                                                                               455
        Off-balance sheet accounts

        Perbedaan valuasi
  5.                                                                  -              -          -                -               -
        Valuation differences

        Perbedaan karena netting rules, selain dari
        yang termasuk pada baris 2
  6.                                                                  -              -          -                -               -
        Differences due to netting rules, other than
        those included in row 2

        Perbedaan provisi
  7.                                                                  -              -          -                -               -
        Provision differences

        Perbedaan karena adanya prudential filters
  8.                                                                  -              -          -                -               -
        Differences due to prudential filters

        Nilai eksposur yang dipertimbangkan,
        sesuai dengan cakupan konsolidasi
        ketentuan kehati-hatian
                                                            73,018,566    29,000,843            -                -               -
        Exposure amount considered, in accordance
        with the scope of consolidation under
        prudential regulations




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                                                                                                                   PT Bank Mandiri Taspen




Penjelasan Mengenai Perbedaan Antara Nilai Eksposur
Sesuai dengan Standar Akuntansi Keuangan dengan
Ketentuan OJK (LIA)
Explanation of Differences Between Exposure Values in Accordance with Financial
Accounting Standards and OJK Regulations (LIA)



Tabel Perbedaan antara Nilai Eksposur sesuai dengan Standar Akuntansi Keuangan dengan Ketentuan OJK (LIA)
Table of Differences between Exposure Values in accordance with Financial Accounting Standards and OJK Regulations (LIA)

 a. Perbedaan antara nilai tercatat dalam Publikasi Laporan Keuangan dan nilai tercatat dalam prinsip kehati-hatian
 a. Differences between carrying amounts in the Published Financial Statements and carrying amounts under prudential principles

   Tidak terdapat perbedaan antara nilai tercatat dalam Publikasi          There are no differences between the carrying amounts presented
   Laporan Keuangan dan nilai tercatat menurut prinsip kehati-hatian       in the Published Financial Statements and the carrying amounts
   pada Bank Mandiri Taspen.                                               under prudential principles at Bank Mandiri Taspen.

 b. Metodologi valuasi, deskripsi proses verifikasi harga independen, dan prosedur untuk penyesuaian valuasi atau reserves
 b. Valuation methodology, description of independent price verification processes, and procedures for valuation adjustments or reserves

   Valuasi merupakan salah satu bentuk pengukuran risiko                   Valuation constitutes one of the risk measurement approaches
   yang dilakukan Bank dalam pengelolaan risiko pasar. Adapun              undertaken by the Bank in managing market risk. The valuation
   proses      valuasi   dilakukan     terhadap    seluruh    instrument   process is applied to all trading book instruments or financial
   trading book atau         instrument keuangan dengan klasifikasi        instruments classified as measured at fair value through profit
   diukur pada nilai wajar melalui laporan laba-rugi (fair value through   or loss (FVTPL), including securities held by the Bank classified
   profit or loss) termasuk efek-efek yang dimiliki Bank dengan            as measured at fair value through other comprehensive income
   klasifikasi diukur pada nilai wajar melalui penghasilan komprehensif    (FVOCI).
   lain (fair value through other comprehensive income).
   Metodologi valuasi dilakukan dengan dua metode yaitu Mark to            The valuation methodology is conducted using two approaches,
   Market (MtM) dan Mark to Model.                                         namely Mark to Market (MtM) and Mark to Model.
   • Mark to Market (MtM) dilakukan berdasarkan nilai wajar yang           • Mark to Market (MtM) is performed based on fair value derived
     diperoleh dari pasar sekunder untuk surat berharga yang likuid.         from the secondary market for liquid securities.
   • Mark to Model dilakukan jika informasi harga pasar dari aset          • Mark to Model is applied when market price information for
     keuangan tidak terdapat >10 Hari kerja berturut-turut, adapun           financial assets is unavailable for more than 10 consecutive
     metode yang digunakan yaitu menggunakan metode discounted               working days, whereby the method used is the discounted cash
     cashflow.                                                               flow approach.
   Verifikasi proses valuasi dilakukan untuk memastikan kewajaran          The valuation verification process is carried out to ensure the
   dan keakuratan atas sumber harga pasar yang digunakan. Metode           reasonableness and accuracy of the market price sources used. The
   verifikasi yang digunakan yaitu dengan metode sampling untuk            verification method applied is a sampling approach for each type of
   setiap jenis instrumen dan tidak harus dilakukan dengan waktu yang      instrument and does not need to be conducted simultaneously, with
   sama, verifikasi dilakukan minimal 1 (satu) bulan sekali.               verification performed at least once a month.




2025 Annual Report                                                                                                                  305
Page 306
Informasi Eksposur Risiko dan Permodalan
Risk Exposure and Capital Information




Permodalan
Capital


Komposisi Permodalan (CC1)
Capital Composition (CC1)

Tabel Komposisi Permodalan (CC1)
Table of Capital Composition (CC1)


                                                                                                                  No. Ref. yang berasal
                                                                                                Jumlah           dari Neraca Konsolidasi
                                  Komponen
                                                                                       (Dalam Jutaan Rupiah)      Ref. No. derived from
                                  Component
                                                                                        Total (In IDR Million)      the Consolidated
                                                                                                                      Balance Sheet

       Modal Inti Utama (Common Equity Tier I) /CET 1: Instrumen dan Tambahan Modal Disetor
       Common Equity Tier 1 capital: instruments and reserves

       Saham biasa (termasuk stock surplus)
  1    Directly issued qualifying common share (and equivalent for non-joint                           -                    -
       stock companies) capital plus related stock

       Laba ditahan
  2                                                                                           5,393,586                     -
       Retained earnings

       Akumulasi penghasilan komprehensif lain (dan cadangan lain)
  3                                                                                           3,196,066                     -
       Accumulated other comprehensive income (and other reserves)

       Modal yang yang termasuk phase out dari CET1
  4                                                                                                    -                    -
       Directly issued capital subject to phase out from CET1

       Kepentingan Non Pengendali yang dapat diperhitungkan
  5                                                                                                    -                    -
       Common share capital issued by subsidiaries and held by third parties

       CET1 sebelum regulatory adjustment
  6                                                                                           8,589,652                     -
       Common Equity Tier 1 capital before regulatory adjustments

       CET 1: Faktor Pengurang (Regulatory Adjustment)
       Common Equity Tier 1 capital: regulatory adjustments

       Selisih kurang jumlah penyesuaian nilai wajar dari instrumen keuangan
  7    dalam trading book                                                                              -                    -
       Prudential valuation adjustments

  8    Goodwill                                                                                        -                    -

       Aset tidak berwujud lainnya (selain Mortgage-Servicing Rights )
  9                                                                                           (169,119)                     -
       Other intangibles other than mortgage-servicing rights

       Aset pajak tangguhan yang berasal dari future profitability
  10   Deferred tax assets that rely on future profitability excluding those arising                   -                    -
       from temporary differences

  11   Cash-flow hedge reserve                                                                         -                    -

  12   Shortfall on provisions to expected losses                                                      -                    -

       Keuntungan penjualan aset dalam
  13                                                                                                   -                    -
       Securitisation gain on sale

       Peningkatan/penurunan nilai wajar
  14                                                                                                   -                    -
       Gains and losses due to changes in own credit

       Aset pensiun manfaat pasti
  15                                                                                                   -                    -
       Defined-benefit pension fund net assets

       Investasi pada saham sendiri (jika belum di net dalam modal di Neraca)
  16   Investments in own shares (if not already netted off paid-in capital on                         -                    -
       reported balance sheet)




      306                                                                                                             Laporan Tahunan 2025
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                                                                                                                 PT Bank Mandiri Taspen




                                                                                                                 No. Ref. yang berasal
                                                                                               Jumlah           dari Neraca Konsolidasi
                                   Komponen
                                                                                      (Dalam Jutaan Rupiah)      Ref. No. derived from
                                   Component
                                                                                       Total (In IDR Million)      the Consolidated
                                                                                                                     Balance Sheet

       Kepemilikan silang pada instrumen CET 1 pada entitas lain
 17                                                                                                   -                    -
       Reciprocal cross holdings in common equity

       Investasi pada modal bank, entitas keuangan dan asuransi diluar cakupan
       konsolidasi secara ketentuan, net posisi short yang diperkenankan, dimana
       Bank tidak memiliki lebih dari 10% modal saham yang diterbitkan (jumlah
       di atas batasan 10%)
 18                                                                                                   -                    -
       Investments in the capital of Banking, financial and insurance entities that
       are outside the scope of regulatory consolidation, net of eligible short
       positions, where the Bank does not own more than 10% of the issued share
       capital (amount above 10% threshold)

       Investasi signifikan pada saham biasa Bank, entitas keuangan dan asuransi
       diluar cakupan konsolidasi secara ketentuan, net posisi short yang
       diperkenankan (jumlah di atas batasan 10%)
 19                                                                                                   -                    -
       Significant investments in the common stock ofBanking, financial and
       insurance entities that are outside the scope of regulatory consolidation,
       net of eligible short positions (amount above 10% threshold)

 20    Mortgage servicing rights                                                                      -                    -

       Aset pajak tangguhan yang berasal dari perbedaan temporer (jumlah di
       atas batasan 10%, net dari kewajiban pajak)
 21                                                                                                   -                    -
       Deferred tax assets arising from temporary differences (amount above
       10% threshold, net of related tax liability)

       Jumlah melebihi batasan 15% dari:
 22                                                                                                   -                    -
       Amount exceeding the 15% threshold

       signifikan pada saham biasa financials
 23                                                                                                   -                    -
       of which: significant investments in the common stock of financials

 24    mortgage servicing rights                                                                      -                    -

       pajak tangguhan dari perbedaan temporer
 25                                                                                                   -                    -
       of which: deferred tax assets arising from temporary differences

       Penyesuaian berdasarkan ketentuan spesifik nasional
 26                                                                                                   -                    -
       National specific regulatory adjustments

       Selisih PPKA dan CKPN
 26a   Difference between allowance for impairment losses and expected credit                         -                    -
       losses (ECL)

       PPKA atas aset non produktif
 26b                                                                                            (7,186)                    -
       Allowance for impairment of non-productive assets

       Aset Pajak Tangguhan
 26c                                                                                          (76,077)                     -
       Deferred tax assets

       Penyertaan
 26d                                                                                                  -                    -
       Investments / Equity investments

       Kekurangan modal pada perusahaan anak asuransi
 26e                                                                                                  -                    -
       Capital deficiency in an insurance subsidiary

       Eksposur sekuritisasi
 26f                                                                                                  -                    -
       Securitization exposure

       Lainnya
 26g                                                                                                  -                    -
       Others




2025 Annual Report                                                                                                             307
Page 308
Informasi Eksposur Risiko dan Permodalan
Risk Exposure and Capital Information




                                                                                                                 No. Ref. yang berasal
                                                                                               Jumlah           dari Neraca Konsolidasi
                                  Komponen
                                                                                      (Dalam Jutaan Rupiah)      Ref. No. derived from
                                  Component
                                                                                       Total (In IDR Million)      the Consolidated
                                                                                                                     Balance Sheet

       Penyesuaian pada CET 1 akibat AT 1 dan Tier 2 lebih kecil daripada faktor
       pengurangnya
  27                                                                                                  -                    -
       Regulatory adjustments applied to Common Equity Tier 1 due to
       insufficient Additional Tier 1 and Tier 2 to cover deductions

       Jumlah pengurang (regulatory adjustment ) terhadap CET 1
  28                                                                                                  -                    -
       Total regulatory adjustments to Common equity Tier 1

       Jumlah CET 1 setelah faktor pengurang
  29                                                                                         9,163,760                     -
       Common Equity Tier 1 capital (CET1)

       Modal Inti Tambahan (AT 1): Instrumen
       Additional Tier 1 capital: instruments

       Instrumen AT 1 yang diterbitkan oleh Bank (termasuk stock surplus)
  30   Directly issued qualifying Additional Tier 1 instruments plus related stock                    -                    -
       surplus

       Yang diklasifikasikan sebagai ekuitas berdasarkan
  31                                                                                                  -                    -
       of which: classified as equity under applicable accounting standards

       Yang diklasifikasikan sebagai liabilitas berdasarkan
  32                                                                                                  -                    -
       of which: classified as liabilities under applicable accounting standards

       Modal yang yang termasuk phase out dari AT 1
  33   Directly issued capital instruments subject to phase out from Additional                       -                    -
       Tier 1

       Instrumen AT 1 yang diterbitkan oleh Entitas Anak yang diakui dalam
       perhitungan KPMM secara konsolidasi
  34   Additional Tier 1 instruments (and CET1 instruments not included in row                        -                    -
       5) issued by subsidiaries and held by third parties (amount allowed in
       group AT1)

       Instrumen yang diterbitkan Entitas Anak yang termasuk phase out
  35                                                                                                  -                    -
       of which: instruments issued by subsidiaries subject to phase out

       Jumlah AT 1 sebelum regulatory adjustment
  36                                                                                                  -                    -
       Additional Tier 1 capital before regulatory adjustments

       Modal Inti Tambahan: Faktor Pengurang (Regulatory Adjustment)
       Additional Tier 1 capital: regulatory adjustments

       Investasi pada instrumen AT 1 sendiri
  37                                                                                                  -                    -
       Investments in own Additional Tier 1 instruments

       Kepemilikan silang pada instrumen AT 1 pada entitas lain
  38                                                                                                  -                    -
       Reciprocal crossholdings in Additional Tier 1 instruments

       Investasi pada modal bank, entitas keuangan dan asuransi diluar cakupan
       konsolidasi secara ketentuan, net posisi short yang diperkenankan, dimana
       Bank tidak memiliki lebih dari 10% modal saham yang diterbitkan (jumlah
       di atas batasan 10%)
  39                                                                                                  -                    -
       Investments in the capital of Banking, financial and insurance entities that
       are outside the scope of regulatory consolidation, net of eligible short
       positions, where the Bank does not own more than 10% of the issued
       common share capital of the entity (amount above 10% threshold)

       Investasi signifikan pada modal Bank, entitas keuangan dan asuransi
       di luar cakupan konsolidasi secara ketentuan (net posisi short yang
       diperkenankan)
  40                                                                                                  -                    -
       Significant investments in the capital of Banking, financial and insurance
       entities that are outside the scope of regulatory consolidation (net of
       eligible short positions)

       Penyesuaian berdasarkan ketentuan spesifik nasional
  41
       National specific regulatory adjustment

       Penempatan dana pada instrumen AT 1 pada Bank lain
 41a                                                                                                  -                    -
       Placement of funds in AT 1 instruments at other banks




    308                                                                                                              Laporan Tahunan 2025
Page 309
                                                                                                                  PT Bank Mandiri Taspen




                                                                                                                  No. Ref. yang berasal
                                                                                                Jumlah           dari Neraca Konsolidasi
                                  Komponen
                                                                                       (Dalam Jutaan Rupiah)      Ref. No. derived from
                                  Component
                                                                                        Total (In IDR Million)      the Consolidated
                                                                                                                      Balance Sheet

       Penyesuaian pada AT 1 akibat Tier 2 lebih kecil daripada faktor
       pengurangnya
 42                                                                                                    -                    -
       Regulatory adjustments applied to Additional Tier 1 due to insufficient Tier
       2 to cover deductions

       Jumlah faktor pengurang (regulatory adjustment) terhadap AT 1
 43                                                                                                    -                    -
       Total regulatory adjustments to Additional Tier 1 capital

       Jumlah AT 1 setelah faktor pengurang
 44                                                                                                    -                    -
       Additional Tier 1 capital (AT1)

       Jumlah Modal Inti (Tier 1) (CET 1 + AT 1)
 45                                                                                           9,163,760                     -
       Tier 1 capital (T1 = CET 1 + AT 1)

       Modal Pelengkap (Tier 2): Instumen dan cadangan
       Tier 2 capital: instruments and provisions

       Instrumen Tier 2 yang diterbitkan oleh Bank (termasuk stock surplus)
 46                                                                                                    -                    -
       Directly issued qualifying Tier 2 instruments plus related stock surplus

       Modal yang yang termasuk phase out dari Tier 2
 47                                                                                                    -                    -
       Directly issued capital instruments subject to phase out from Tier 2

       Instrumen Tier 2 yang diterbitkan oleh Entitas Anak yang diakui dalam
 48    perhitungan KPMM secara konsolidasi                                                             -                    -
       Tier 2 instruments issued by subsidiaries and held by third parties

       Modal yang diterbitkan Entitas Anak yang termasuk phase out
 49                                                                                                    -                    -
       of which: instruments issued by subsidiaries subject to phase out

       Cadangan umum PPKA atas aset produktif yang wajib dihitung dengan
       jumlah paling tinggi sebesar 1,25% dari ATMR untuk Risiko Kredit
 50                                                                                             362,509                     -
       PPKA’s general reserves for productive assets must be calculated at a
       maximum of 1.25% of the ATMR for Credit Risk

       Jumlah Modal Pelengkap (Tier 2) sebelum faktor pengurang
 51                                                                                             362,509                     -
       Tier 2 capital before regulatory adjustments

       Modal Pelengkap (Tier 2): Faktor Pengurang (Regulatory Adjustment)
       Tier 2 capital: regulatory adjustments

       Investasi pada instrumen Tier 2 sendiri
 52                                                                                                    -                    -
       Investments in own Tier 2 instruments

       Kepemilikan silang pada instrumen Tier 2 pada entitas lain
 53                                                                                                    -                    -
       Reciprocal crossholdings in Tier 2 instruments and other TLAC liabilities

       Investasi pada kewajiban TLAC modal bank, entitas keuangan dan
       asuransi diluar cakupan konsolidasi secara ketentuan, net posisi short
       yang diperkenankan, dimana Bank tidak memiliki lebih dari 10% modal
       saham yang diterbitkan; nilai sebelumnya ditetapkan dengan threshold 5%
       namun tidak lagi memenuhi kriteria (untuk bank Sistemik
 54                                                                                                    -                    -
       Investments in the other TLAC liabilities of banking, financial and insurance
       entities that are outside the scope of regulatory consolidation and where
       the bank does not own more than 10% of the issued common share capital
       of the entity: amount previously designated for the 5% threshold but that
       no longer meets the conditions (for G-SIBs only)

       Investasi signifikan pada modal atau instrumen TLAC Bank, entitas
       keuangan dan asuransi di luar cakupan konsolidasi secara ketentuan (net
       posisi short yang diperkenankan)
 55                                                                                                    -                    -
       Significant investments in the capital and other TLAC liabilities of banking,
       financial and insurance entities that are outside the scope of regulatory
       consolidation(net of eligible short positions)

       Penyesuaian berdasarkan ketentuan spesifik nasional
 56
       National specific regulatory adjustments

 56a   Sinking fund                                                                                    -                    -

       Penempatan dana pada instrumen Tier 2 pada Bank lain
 56b                                                                                                   -                    -
       Placement of funds in Tier 2 instruments at other banks




2025 Annual Report                                                                                                              309
Page 310
Informasi Eksposur Risiko dan Permodalan
Risk Exposure and Capital Information




                                                                                                              No. Ref. yang berasal
                                                                                            Jumlah           dari Neraca Konsolidasi
                                  Komponen
                                                                                   (Dalam Jutaan Rupiah)      Ref. No. derived from
                                  Component
                                                                                    Total (In IDR Million)      the Consolidated
                                                                                                                  Balance Sheet

        Jumlah faktor pengurang (regulatory adjustment) Modal Pelengkap
  57                                                                                               -                    -
        Total regulatory adjustments to Tier 2 capital

        Jumlah Modal Pelengkap (Tier 2) setelah regulatory adjustment
  58                                                                                        362,509                     -
        Tier 2 capital (T2)

        Total Modal (Modal Inti + Modal Pelengkap)
  59                                                                                      9,526,269                     -
        Total capital (TC = T1 + T2)

        Total Aset Tertimbang Menurut Risiko (ATMR)
  60                                                                                     31,268,107                     -
        Total risk weighted assets

        Rasio Kecukupan Pemenuhan Modal Minimum (KPMM) dan Tambahan Modal (Capital Buffer)
        Capital ratios and buffers

        Rasio Modal Inti Utama (CET 1) – persentase terhadap ATMR
  61                                                                                          29.31                     -
        Common Equity Tier 1 (as a percentage of risk weighted assets)

        Rasio Modal Inti (Tier 1) – persentase terhadap ATMR
  62                                                                                          29.31                     -
        Tier 1 (as a percentage of risk weighted assets)

        Rasio Total Modal – persentase terhadap ATMR
  63                                                                                          30.47                     -
        Total capital (as a percentage of risk weighted assets)

        Tambahan modal (buffer) – persentase terhadap AMTR
  64                                                                                         2.50%                      -
        Additional capital (buffer) – percentage of AMTR

  65    Capital Conservation Buffer                                                          2.50%                      -

  66    Countercyclical Buffer                                                               0.00%                      -

        Capital Surcharge untuk Bank Sistemik
  67                                                                                         0.00%                      -
        of which: G-SIB buffer requirement

        Untuk bank umum konvensional: Modal Inti Utama (CET 1) yang tersedia
        untuk memenuhi Tambahan Modal (Buffer) – persentase terhadap
        ATMR Untuk kantor cabang dari Bank yang berkedudukan di luar negeri:
        Bagian Dana Usaha yang ditempatkan dalam CEMA (diungkapkan
  68    sebagai persentase dari ATMR) yang tersedia untuk memenuhi Buffer.                  22.47%                      -
        For conventional commercial banks: Core Capital (CET 1) available to
        meet Additional Capital (Buffer) – percentage of ATMR For branches
        of banks domiciled abroad: Portion of Business Funds placed in CEMA
        (expressed as a percentage of ATMR) available to meet the Buffer.

        National minima (jika berbeda dari Basel 3)
        National minimal (if different from Basel 3)

        Rasio terendah CET 1 nasional (jika berbeda dengan Basel 3
  69    National Common Equity Tier 1 minimum ratio (if different from Basel 3                     -                    -
        minimum)

        Rasio terendah Tier 1 nasional (jika berbeda dengan Basel 3)
  70                                                                                               -                    -
        National Tier 1 minimum ratio (if different from Basel 3 minimum)

        Rasio terendah total modal nasional (jika berbeda dengan Basel 3)
  71                                                                                               -                    -
        National total capital minimum ratio (if different from Basel 3 minimum)

        Jumlah di bawah batasan pengurangan (sebelum pembobotan risiko)
        Amounts below the thresholds for deduction (before risk weighting)

        Investasi nonsignifikan pada modal atau kewajiban TLAC lainnya pada
        entitas keuangan lain
  72                                                                                               -                    -
        Non-significant investments in the capital and other TLAC liabilities of
        other financial entities

        Investasi signifikan pada saham biasa entitas keuangan
  73                                                                                               -                    -
        Significant investments in the common stock of financials




       310                                                                                                        Laporan Tahunan 2025
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                                                                                                                         PT Bank Mandiri Taspen




                                                                                                                         No. Ref. yang berasal
                                                                                                   Jumlah               dari Neraca Konsolidasi
                                    Komponen
                                                                                          (Dalam Jutaan Rupiah)          Ref. No. derived from
                                    Component
                                                                                           Total (In IDR Million)          the Consolidated
                                                                                                                             Balance Sheet

        Mortgage servicing rights (net dari kewajiban pajak)
  74                                                                                                        -                        -
        Mortgage servicing rights (net of related tax liability)

        Aset pajak tangguhan yang berasal dari perbedaan temporer (net dari
        kewajiban pajak)
 75                                                                                                         -                        -
        Deferred tax assets arising from temporary differences (net of related tax
        liability)

        Cap yang dikenakan untuk provisi pada Tier 2
        Applicable caps on the inclusion of provisions in Tier 2

        Provisi yang dapat diakui sebagai Tier 2 sesuai dengan eksposur
        berdasarkan pendekatan standar (sebelum dikenakan cap)
 76                                                                                                         -                        -
        Provisions eligible for inclusion in Tier 2 in respect of exposures subject to
        standardised approach (prior to application of cap

        Cap atas provisi yang diakui sebagai Tier 2 berdasarkan pendekatan
 77     standar                                                                                             -                        -
        Cap on inclusion of provisions in Tier 2 under standardised approach

        Provisi yang dapat diakui sebagai Tier 2 sesuai dengan eksposur
        berdasarkan pendekatan IRB (sebelum dikenakan cap)
 78                                                                                                         -                        -
        Provisions eligible for inclusion in Tier 2 in respect of exposures subject to
        internal ratings-based approach (prior to application of cap)

        Cap atas provisi yang diakui sebagai Tier 2 berdasarkan pendekatan IRB
 79     Cap for inclusion of provisions in Tier 2 under internal ratingsbased                               -                        -
        approach

        Instrumen Modal yang termasuk phase out (hanya berlaku antara 1 Januari 2018 s.d. 1 Januari 2022)
        Capital instruments subject to phase-out arrangements (only applicable between 1 Jan 2018 and 1 Jan 2022)

        Cap pada CET 1 yang temasuk phase out
 80                                                                                                         -                        -
        Current cap on CET1 instruments subject to phase out arrangements

        Jumlah yang dikecualikan dari CET 1 karena adanya cap (kelebihan di atas
        cap setelah redemptions dan maturities)
 81                                                                                                         -                        -
        Amount excluded from CET1 due to cap (excess over cap after redemptions
        and maturities)

        Cap pada AT 1 yang temasuk phase out
 82                                                                                                         -                        -
        Current cap on AT1 instruments subject to phase out arrangements

        Jumlah yang dikecualikan dari AT 1 karena adanya cap (kelebihan di atas
        cap setelah redemptions dan maturities)
 83                                                                                                         -                        -
        Amount excluded from AT1 due to cap (excess over cap after redemptions
        and maturities)

        Cap pada Tier 2 yang temasuk phase out
 84                                                                                                         -                        -
        Current cap on T2 instruments subject to phase out arrangements

        Jumlah yang dikecualikan dari Tier 2 karena adanya cap (kelebihan di atas
        cap setelah redemptions dan maturities)
 85                                                                                                         -                        -
        Amount excluded from T2 due to cap (excess over cap after redemptions
        and maturities)




                                                                   Analisis Kualitatif
                                                                   Qualitative Analysis

 Per Posisi 31 Desember 2025, Total Modal Bank adalah sebesar Rp9,5           As at 31 December 2025, the Bank’s total capital amounted to IDR9.5
 triliun yang terdiri dari Modal Inti (Tier 1) sebesar Rp9,2 triliun dan      trillion, comprising Common Equity Tier 1 (Tier 1 Capital) of IDR9.2
 Modal Pelengkap (Tier 2) sebesar Rp362 miliar. Untuk Total ATMR              trillion and Supplementary Capital (Tier 2 Capital) of IDR362 billion.
 adalah sebesar Rp31 triliun.                                                 Meanwhile, total Risk-Weighted Assets (RWA) amounted to IDR31
                                                                              trillion.




2025 Annual Report                                                                                                                         311
Page 312
Informasi Eksposur Risiko dan Permodalan
Risk Exposure and Capital Information




Rekonsiliasi Permodalan (CC2)
Capital Reconciliation (CC2)

Tabel Komposisi Permodalan (CC2)
Table of Capital Composition (CC2)
                                                                                                    (dalam jutaan rupiah / in IDR million)



                                                                                                   Laporan Publikasi posisi
                                                                                                     keuangan (Individu)
                                                                                                     Published Statement
                                                    POS - POS                                        of Financial Position
 No                                                                                                       (Individual)
                                                      POST

                                                                                                     Posisi Tgl. Laporan
                                                                                                    As of Reporting Date

 ASET
 ASSETS

        Kas
  1                                                                                                             152,993
        Cash

        Penempatan pada Bank Indonesia
  2                                                                                                           7,644,996
        Placements with Bank Indonesia

        Penempatan pada bank lain
  3                                                                                                                74,756
        Placements with other banks

        Tagihan spot dan derivatif/forward
  4                                                                                                                       -
        Spot and derivative/forward receivables

        Surat berharga yang dimiliki
  5                                                                                                         13,019,332
        Securities owned

        Surat berharga yang dijual dengan janji dibeli kembali (repo)
  6                                                                                                                       -
        Securities sold under repurchase agreements (repo)

        Tagihan atas surat berharga yang dibeli dengan janji dijual kembali (reverse repo)
  7                                                                                                           1,014,855
        Receivables from securities purchased under reverse repurchase agreements (reverse repo)

        Tagihan akseptasi
  8                                                                                                                       -
        Acceptance receivables

        Kredit yang diberikan
  9                                                                                                         50,530,716
        Loans

        Piutang Pembiayaan Konsumen
  10                                                                                                                      -
        Consumer financing receivables

        Pembiayaan syariah 1)
  11                                                                                                                      -
        Sharia financing 1)

        Penyertaan modal
  12                                                                                                                      -
        Equity investments

        Aset keuangan lainnya
  13                                                                                                            461,990
        Other financial assets

        Cadangan kerugian penurunan nilai aset keuangan -/-
  14                                                                                                          (770,430)
        Allowance for impairment losses on financial assets -/-

               Surat berharga yang dimiliki
        a.                                                                                                                -
               Securities owned

               Kredit yang diberikan dan pembiayaan syariah
        b.                                                                                                     (770,429)
               Loans and sharia financing

               Lainnya
        c.                                                                                                              (1)
               Others

        Aset tidak berwujud
  15                                                                                                            304,824
        Intangible assets




       312                                                                                                   Laporan Tahunan 2025
Page 313
                                                                                          PT Bank Mandiri Taspen




                                                                                       Laporan Publikasi posisi
                                                                                         keuangan (Individu)
                                                                                         Published Statement
                                                    POS - POS                            of Financial Position
 No                                                                                           (Individual)
                                                      POST

                                                                                         Posisi Tgl. Laporan
                                                                                        As of Reporting Date

       Akumulasi amortisasi aset tidak berwujud -/-
                                                                                               (135,705)
       Accumulated amortization of intangible assets -/-

       Aset tetap dan inventaris
 16                                                                                            2,004,726
       Property, plant and equipment

       Akumulasi penyusutan aset tetap dan inventaris -/-
                                                                                              (1,434,539)
       Accumulated depreciation of property, plant and equipment -/-

       Aset non produktif
 17                                                                                               19,216
       Non-productive assets

             Properti terbengkalai
       a.                                                                                               -
             Foreclosed properties

             Agunan yang diambil alih
       b.                                                                                               -
             Foreclosed collateral

             Rekening tunda
       c.                                                                                         19,216
             Suspense accounts

             Aset antar kantor 2)
       d.                                                                                               -
             Inter-office assets 2)

       Sewa Pembiayaan
 18                                                                                                     -
       Finance leases

       Aset lainnya
 19                                                                                              130,836
       Other assets

       TOTAL ASET
                                                                                              73,018,566
       TOTAL ASSETS

 LIABILITAS DAN EKUITAS
 LIABILITIES AND EQUITY

       LIABILITAS
       LIABILITIES

       Giro
  1                                                                                              434,920
       Current Accouny

       Tabungan
  2                                                                                           12,392,749
       Savings Deposits

       Deposito
  3                                                                                           42,202,904
       Time Deposits

       Uang Elektronik
  4                                                                                                     -
       Electronic Money

       Liabilitas kepada Bank Indonesia
  5                                                                                                     -
       Liabilities to Bank Indonesia

       Liabilitas kepada bank lain
  6                                                                                               49,789
       Liabilities to other banks

       Liabilitas spot dan derivatif/forward
  7                                                                                                     -
       Spot and derivative/forward liabilities

       Liabilitas atas surat berharga yang dijual dengan janji dibeli kembali (repo)
  8                                                                                                     -
       Liabilities from securities sold under repurchase agreements (repo)

       Liabilitas akseptasi
  9                                                                                                     -
       Acceptance liabilities




2025 Annual Report                                                                                          313
Page 314
Informasi Eksposur Risiko dan Permodalan
Risk Exposure and Capital Information




                                                                Laporan Publikasi posisi
                                                                  keuangan (Individu)
                                                                  Published Statement
                                                    POS - POS     of Financial Position
 No                                                                    (Individual)
                                                      POST

                                                                  Posisi Tgl. Laporan
                                                                 As of Reporting Date

        Surat berharga yang diterbitkan
  10                                                                    2,695,416
        Debt securities issued

        Pinjaman/pembiayaan yang diterima
  11                                                                    5,000,000
        Borrowings/financing received

        Setoran jaminan
  12                                                                            -
        Guarantee deposits

        Liabilitas antar kantor 2)
  13                                                                            -
        Inter-office liabilities 2)

        Liabilitas kepada pemegang polis unit-linked
                                                                                -
        Liabilities to unit-linked policyholders

        Liabilitas lainnya
  14                                                                      847,488
        Other liabilities

        Kepentingan minoritas (minority interest)
  15                                                                            -
        Non-controlling interests (minority interest)

        TOTAL LIABILITAS
                                                                       63,623,266
        TOTAL LIABILITIES

        EKUITAS
        EQUITY

        Modal disetor
  16                                                                      819,304
        Paid-up Capital

              Modal dasar
        a.                                                                819,699
              Authorized capital

              Modal yang belum disetor -/-
        b.                                                                  (395)
              Unpaid capital -/-

              Saham yang dibeli kembali (treasury stock) -/-
        c.                                                                      -
              Treasury shares (treasury stock) -/-

        Tambahan modal disetor
  17                                                                    1,349,508
        Additional Paid-in Capital

              Agio
        a.                                                              1,349,508
              Agio

              Disagio -/-
        b.                                                                      -
              Disagio -/-

              Modal sumbangan
        c.                                                                      -
              Donated capital

              Dana setoran modal
        d.                                                                      -
              Paid-in capital funds

              Lainnya
        e.                                                                      -
              Others




       314                                                             Laporan Tahunan 2025
Page 315
                                                                                                                         PT Bank Mandiri Taspen




                                                                                                                     Laporan Publikasi posisi
                                                                                                                       keuangan (Individu)
                                                                                                                       Published Statement
                                                   POS - POS                                                           of Financial Position
 No                                                                                                                         (Individual)
                                                     POST

                                                                                                                        Posisi Tgl. Laporan
                                                                                                                       As of Reporting Date

       Penghasilan komprehensif lainnya
 18                                                                                                                                 87,962
       Other Comprehensive Income

             Keuntungan
       a.                                                                                                                         108,802
             Gains

             Kerugian -/-
       b.                                                                                                                         (20,840)
             Losses -/-

       Cadangan
 19                                                                                                                               163,861
       Reserves

             Cadangan umum
       a.                                                                                                                         163,861
             General reserve

             Cadangan tujuan
       b.                                                                                                                                  -
             Appropriated reserve

       Laba/rugi
 20                                                                                                                             6,974,665
       Profit/Loss

             Tahun-tahun lalu
       a.                                                                                                                       5,551,340
             Retained earnings (prior years)

             Tahun berjalan 3)
       b.                                                                                                                       1,581,080
             Current year profit/loss 3)

             Dividen yang dibayarkan -/-
       c.                                                                                                                          157,755
             Dividends paid -/-

       TOTAL EKUITAS
                                                                                                                                9,395,300
       TOTAL EQUITY

       TOTAL LIABILITAS DAN EKUITAS
                                                                                                                               73,018,566
       TOTAL LIABILITIES AND EQUITY




                                                             Analisis Kualitatif
                                                             Qualitative Analysis

 Per Posisi 31 Desember 2025, Total Aset Bank adalah sebesar Rp73         As at 31 December 2025, the Bank’s total assets amounted to IDR73
 triliun dengan Total Liabilitas sebesar Rp64 triliun dan Total Ekuitas   trillion, with total liabilities of IDR64 trillion and total equity of IDR9.4
 sebesar Rp9,4 triliun. Secara Permodalan Bank sangat Kuat untuk          trillion. The Bank maintained a very strong capital position to support
 menopang aktivitas bisnis dan operasional Bank. Total aset per posisi    its business activities and operational continuity. Total assets as at
 Desember tahun 2025 meningkat 9.93% atau sebesar Rp6,60 triliun          December 2025 increased by 9.93% or IDR6.60 trillion compared to
 dibandingkan dengan periode Juni tahun 2025. Peningkatan khususnya       the June 2025 period. This increase was primarily contributed by loan
 dikontribusikan oleh pertumbuhan kredit sebesar 5,47% atau sebesar       growth of 5.47% or IDR2,619.2 billion. From the liability side, growth
 Rp2.619,2 miliar. Dari sisi Liabilitas terdapat pertumbuhan Dana Pihak   in third-party funds (Dana Pihak Ketiga/DPK) was recorded at 10.31%
 Ketiga (DPK) sebesar 10,31% atau sebesar Rp5.144,22 miliar.              or IDR5,144.22 billion.




2025 Annual Report                                                                                                                             315
Page 316
Informasi Eksposur Risiko dan Permodalan
Risk Exposure and Capital Information




Fitur Utama Instrumen Permodalan dan Instrumen TLAC-Eligible (CCA)
Main Features of Capital Instruments and TLAC-Eligible Instruments (CCA)

Tabel Fitur Utama Instrumen Permodalan dan Instrumen TLAC-Eligible (CCA)
Table of Main Features of Capital Instruments and TLAC-Eligible Instruments (CCA)

                                                               a

                                                          Informasi                              Pedoman Pengisian
                                                    Kuantitatif/Kualitatif                     Guidelines for Completion
                                                        Quantitative/
                                                    Qualitative Information

        Penerbit                                                              Diisi dengan penerbit dari instrumen.
  1                                                           N/A
        Issuer                                                                Enter the issuer of the instrument.

                                                                              Diisi dengan nomor unik identifikasi atas penerbitan instrumen
        Nomor identifikasi                                                    tersebut (misalnya no. yang tercatat di bursa,ISIN, dll)
  2                                                           N/A
        Identification number                                                 Enter the unique identification number of the instrument
                                                                              issuance (e.g., stock exchange registration number, ISIN, etc.).

        Hukum yang digunakan                                                  Diisi dengan hukum yang digunakan, misalnya: hukum Indonesia
  3                                                           N/A
        Governing law used                                                    Enter the governing law used, for example: Indonesian law.

        Sarana yang memungkinkan kewajiban
        pelaksanaan pada Bagian 13 dari Lembar
        Istilah TLAC tercapai (untuk instrumen
        TLAC sah lainnya yang diatur oleh hukum
        asing)                                                                Ketentuan OJK tidak mengadopsi TLAC.
  3a                                                          N/A
        Mechanism enabling compliance with the                                OJK regulations do not adopt TLAC.
        obligation of performance under Section
        13 of the TLAC Term Sheet (for other
        eligible TLAC instruments governed by
        foreign law)

        Perlakuan     Instrumen      berdasarkan
        ketentuan KPMM
        Treatment of the instrument under Capital
        Adequacy Ratio (CAR) regulations

                                                                              Ketentuan OJK mengenai KPMM tidak mengadopsi masa transisi
        Pada saat masa transisi
  4                                                          N/A              OJK capital adequacy regulations do not adopt a transitional
        During the transition period
                                                                              period.

        setelah masa transisi                            Tidak Eligible       Diisi dengan pilihan: CET 1, AT 1, Tier 2, atau Tidak Eligible
  5
        After the transition period                       Not Eligible        Select one of the following: CET1, AT1, Tier 2, or Not Eligible.

        Apakah instrumen eligible untuk Individu/
                                                                              Diisi dengan pilihan: Individu; Konsolidasi; atau Konsolidasi dan
        Konsolidasi atau Konsolidasi dan Individu
                                                           Individu           Individu
  6     Whether the instrument is eligible for
                                                          Individual          Select one of the following: Individual; Consolidated; or
        Individual/Consolidated or Consolidated
                                                                              Consolidated and Individual.
        and Individual reporting

                                                                              Diisi dengan jenis instrumen dengan pilihan: Saham Biasa,
                                                                              Saham Preferen, Surat berharga subordinasi, Pinjaman
        Jenis Instrumen                                 Saham Biasa           Subordinasi, Surat berharga, atau pinjaman lainnya
  7
        Instrument type                                Common Shares          Select the type of instrument from the following options:
                                                                              Common Shares, Preference Shares, Subordinated Securities,
                                                                              Subordinated Loans, Securities, or Other Loans.

        Jumlah yang diakui dalam perhitungan
                                                                              Diisi dalam Jutaan Rupiah
  8     KPMM                                              9,526,269
                                                                              Amount to be stated in millions of Rupiah.
        Amount recognized in CAR calculation

        Nilai par dari instrumen                                              Diisi dalam Jutaan Rupiah
  9                                                          N/A
        Par value of the instrument                                           Amount to be stated in millions of Rupiah.

                                                                              Diisi dengan pilihan:
        Klasifikasi sesuai standar akuntansi
                                                                              Ekuitas; Liabilitas –Biaya perolehan amortisasi; Liabilitas – Opsi
        keuangan                                            Ekuitas
  10                                                                          Nilai Wajar; Non-Pengendali
        Classification under financial accounting           Equity
                                                                              Select one of the following: Equity; Liability – Amortized Cost;
        standards
                                                                              Liability – Fair Value Option; Non-Controlling Interest.




       316                                                                                                                 Laporan Tahunan 2025
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                                                                                                                       PT Bank Mandiri Taspen




                                                               a

                                                           Informasi                               Pedoman Pengisian
                                                     Kuantitatif/Kualitatif                      Guidelines for Completion
                                                         Quantitative/
                                                     Qualitative Information

       Tanggal penerbitan                                                      Diisi: dd/mm/yyyy
 11                                                           N/A
       Issuance date                                                           Enter date in format: dd/mm/yyyy.

       Tidak ada jatuh tempo (perpetual) atau
                                                                               Diisi dengan pilihan: Perpetual atau Dengan Jatuh Tempo
 12    dengan jatuh tempo                                  Perpetual
                                                                               Select one of the following: Perpetual or With Maturity.
       Perpetual or with maturity

                                                                               Untuk instrumen dengan jatuh tempo, diisi tanggal jatuh tempo:
                                                                               dd/mm/yyyy.
                                                     Tidak ada tanggal jatuh
       Tanggal jatuh tempo                                                     Untuk instrumen perpetual diisi: Tidak ada tanggal jatuh tempo
 13                                                          tempo
       Maturity date                                                           “For instruments with maturity, enter the maturity date: dd/mm/
                                                        No maturity date
                                                                               yyyy.
                                                                               For perpetual instruments, enter: No maturity date.”

       Eksekusi call option atas persetujuan
       Otoritas Jasa Keuangan                                Tidak             Diisi dengan pilihan: Ya; Tidak
 14
       Exercise of call option subject to approval            No               Select one of the following: Yes or No.
       of the Financial Services Authority (OJK)

       Tanggal call option, jumlah penarikan dan                               Diisi dengan tanggal call option (dd/mm/yyyy), persyaratan Call
       persyaratan call option lainnya (bila ada)                              Option lainnya dan jumlah penarikan (dalam jutaan rupiah)
 15                                                           N/A
       Call option date, redemption amount, and                                Enter the call option date (dd/mm/yyyy), other call option
       other call option conditions (if any)                                   conditions, and redemption amount (in millions of Rupiah).

                                                                               Diisi bila ada fitur jumlah subsequent call option
                                                                               (berapa kali Call Option dapat dilakukan).
 16    Subsequent call option                                 N/A              To be completed if there is a feature on the number of
                                                                               subsequent call options (i.e., how many times the call option
                                                                               may be exercised).

       Kupon / dividen
       Coupon / dividend

                                                                               Diisi dengan pilihan:
                                                                               - Fixed: bila kupon atau dividen adalah fixed selama jangka waktu
                                                                                  instrumen;
                                                                               - Floating: bila kupon atau dividen adalah floating selama jangka
                                                                                  waktu instrumen;
                                                                               - Fixed to floating: bila kupon/dividen saat ini adalah fixed, namun
                                                                                  bisa berubah menjadi floating di masa mendatang; atau
                                                                               - Floating to fixed: bila kupon/dividen saat ini adalah floating,
       Dividen/ kupon dengan bunga tetap atau
                                                                                  namun bisa berubah menjadi fixed di masa mendatang
 17    floating                                               N/A
                                                                               Select one of the following:
       Fixed or floating dividend/coupon
                                                                               - Fixed: if the coupon or dividend is fixed over the life of the
                                                                                  instrument;
                                                                               - Floating: if the coupon or dividend is floating over the life of the
                                                                                  instrument;
                                                                               - Fixed to floating: if the current coupon/dividend is fixed but
                                                                                  may change to floating in the future; or
                                                                               - Floating to fixed: if the current coupon/dividend is floating but
                                                                                  may change to fixed in the future.

                                                                               Diisi dengan tingkat dari kupon atau index yang menjadi acuan
       Tingkat dari coupon rate atau index lain
                                                                               dari tingkat kupon atau dividen.
 18    yang menjadi acuan                                     N/A
                                                                               Filled with the level of the coupon or index which is the
       Coupon rate or reference index
                                                                               reference for the coupon or dividend level.

       Ada atau tidaknya dividend stopper                                      Diisi dengan pilihan: Ya atau Tidak
 19                                                           N/A
       Existence of dividend stopper                                           Select one of the following: Yes or No.

                                                                               Apakah Bank memiliki hak penuh atau partial untuk membatalkan
                                                                               kupon atau dividen, atau tidak dapat membatalkan kupon/dividen.
                                                                               Diisi dengan pilihan: Fully discretionary, Partially Discretionary,
                                                                               atau Mandatory
       Fully discretionary; partial atau mandatory
 20                                                           N/A              “Whether the Bank has full or partial discretion to cancel coupon
       Fully discretionary; partial or mandatory
                                                                               or dividend payments, or has no ability to cancel coupon/dividend
                                                                               payments.
                                                                               Select one of the following: Fully discretionary, Partially
                                                                               discretionary, or Mandatory.”




2025 Annual Report                                                                                                                        317
Page 318
Informasi Eksposur Risiko dan Permodalan
Risk Exposure and Capital Information




                                                                 a

                                                             Informasi                              Pedoman Pengisian
                                                       Kuantitatif/Kualitatif                     Guidelines for Completion
                                                           Quantitative/
                                                       Qualitative Information

        Apakah terdapat fitur step up atau
        insentif lain                                                            Diisi dengan pilihan: Ya atau Tidak
  21                                                            N/A
        Existence of step-up feature or other                                    Select one of the following: Yes or No.
        incentive mechanisms

        Non-kumulatif atau kumulatif                                             Diisi dengan pilihan: Non-kumulatif atau kumulatif-
  22                                                            N/A
        Non-cumulative or cumulative                                             Select one of the following: Non-cumulative or cumulative.

        Dapat dikonversi atau tidak dapat dikonversi                             Diisi dengan pilihan: dapat dikonversi atau tidak dapat dikonversi
  23                                                            N/A
        Convertible or non-convertible                                           Select one of the following: convertible or non-convertible.

                                                                                 Diisi dengan kondisi (trigger point) kapan instrumen dikonversi,
        Jika dapat dikonversi, sebutkan trigger
                                                                                 termasuk point of non-viability
  24    point-nya                                               N/A
                                                                                 Specify the conditions (trigger points) under which the
         If convertible, specify trigger point
                                                                                 instrument is converted, including the point of non-viability.

                                                                                 Diisi dengan penjelasan untuk setiap trigger point apakah
                                                                                 instrumen akan:
        Jika dapat dikonversi apakah seluruh atau                                (i) pasti dikonversi secara penuh;(ii)kemungkinan dikonversi
        sebagian                                                                 secara penuh atau sebagian; atau (iii) pasti dikonversi sebagian.
  25                                                            N/A
        If convertible, whether full or partial                                  “Provide an explanation for each trigger point indicating
        conversion                                                               whether the instrument will:
                                                                                 (i) always be fully converted; (ii) possibly be fully or partially
                                                                                 converted; or (iii) always be partially converted.”

        Jika dapat dikonversi, bagaimana rate
                                                                                 Diisi dengan penjelasan rate konversi atas instrumen
  26    konversinya                                             N/A
                                                                                 Provide an explanation of the conversion rate of the instrument.
        If convertible, conversion rate

        Jika dapat dikonversi; apakah mandatory
        atau optional                                                            Diisi dengan pilihan: Mandatory, Optional, atau N/A
  27                                                            N/A
        If convertible, whether mandatory or                                     Select one of the following: Mandatory, Optional, or N/A.
        optional

        Jika dapat dikonversi, sebutkan jenis
        instrumen konversinya                                                    Diisi dengan pilihan: CET 1, AT 1, Tier 2, atau N/A
  28                                                            N/A
        If convertible, specify type of conversion                               Select one of the following: CET1, AT1, Tier 2, or N/A.
        instrument

        Jika dapat dikonversi, sebutkan issuer of
                                                                                 Diisi dengan penjelasan issuer of instrument it converts into
        instrument it converts into
  29                                                            N/A              Provide a description of the issuer of the instrument into which
        If convertible, specify issuer of the
                                                                                 it converts.
        instrument into which it converts

                                                                                 Diisi dengan pilihan: Ya atau Tidak
  30    Fitur write-down                                        N/A
                                                                                 Select one of the following: Yes or No.

                                                                                 Diisi dengan penjelasan kondisi atau trigger point fitur write-
        Jika terjadi write-down, sebutkan trigger-
                                                                                 down, termasuk point of non-viability
  31    nya                                                     N/A
                                                                                 Provide an explanation of the conditions or trigger points for the
        If write-down occurs, specify trigger
                                                                                 write-down feature, including the point of non-viability.

                                                                                 Untuk setiap trigger point untuk fitur write down, jelaskan
                                                                                 apakah instrumen akan di write down: (i) akan selalu di write
        Jika terjadi write-down, apakah penuh
                                                                                 down penuh; (ii) kemungkinan di write down sebagian; (iii) akan
        atau sebagian
  32                                                            N/A              selalu di write down sebagian.
        If write-down occurs, whether full or
                                                                                 For each write-down trigger point, specify whether the
        partial
                                                                                 instrument will be: (i) always fully written down; (ii) possibly
                                                                                 written down partially; or (iii) always written down partially.

        Jika terjadi write down; permanen atau
        temporer                                                                 Diisi dengan pilihan: Permanen atau Temporer
  33                                                            N/A
        If write-down occurs, permanent or                                       Select one of the following: Permanent or Temporary.
        temporary

        Jika terjadi write down temporer, jelaskan
        mekanisme write-up                                                       Diisi dengan penjelasan mekanisme write-up
  34                                                            N/A
        If temporary write-down, describe write-                                 Provide an explanation of the write-up mechanism.
        up mechanism




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                                                                                                                       PT Bank Mandiri Taspen




                                                                a

                                                          Informasi                                 Pedoman Pengisian
                                                    Kuantitatif/Kualitatif                        Guidelines for Completion
                                                        Quantitative/
                                                    Qualitative Information

       Tipe subordinasi                                                         Diisi dengan tipe subordinasi
 34a                                                          N/A
       Subordination type                                                       Specify the type of subordination.

                                                                                Diisi dengan penjelasan hirarki instrumen pada saat likuidasi
       Hierarki instrumen pada saat likuidasi
  35                                                          N/A               Provide an explanation of the hierarchy of the instrument in
       Instrument hierarchy in liquidation
                                                                                liquidation.

       Apakah terdapat fitur yang non-compliant
                                                                                Diisi dengan pilihan: Ya atau Tidak
  36   Whether any non-compliant features                     N/A
                                                                                Select one of the following: Yes or No.
       exist

       Jika Ya, jelaskan fitur yang non-compliant
                                                                                Diisi dengan penjelasan fitur yang non-compliant
  37   If yes, describe the non-compliant                     N/A
                                                                                Provide an explanation of any non-compliant features.
       features




                                                             Analisis Kualitatif
                                                             Qualitative Analysis

 Sesuai dengan ketentuan Otoritas Jasa Keuangan (OJK), struktur           “In accordance with the provisions of the Financial Services Authority
 permodalan Bank Mandiri Taspen terdiri dari Modal Inti (Tier 1) dan      (OJK), Bank Mandiri Taspen’s capital structure consists of Tier 1 Capital
 Modal Pelengkap (Tier 2).                                                and Tier 2 Capital.

 Modal Inti (Tier 1)                                                      Tier 1 Capital
 Modal Inti (Tier 1) Bank terdiri dari Modal Inti Utama (Common Equity    Tier 1 Capital comprises Common Equity Tier 1 (CET1) and Additional
 Tier/CET 1) dan Modal Inti Tambahan (Additional Tier 1). Modal inti      Tier 1 (AT1). CET1 includes paid-in capital, disclosure reserves, and
 utama mencakup modal disetor, cadangan tambahan modal (disclosure        regulatory deductions from Tier 1 capital. Disclosure reserves consist
 reserve), dan faktor pengurang modal inti utama. Cadangan tambahan       of additions (other comprehensive income and other additional capital
 modal terdiri atas faktor penambah (pendapatan komprehensif              reserves) and deductions (other comprehensive income and other
 lainnya dan cadangan tambahan modal lainnya) dan faktor pengurang        additional capital reserves). As at 31 December 2025, Tier 1 Capital
 (pendapatan komprehensif lainnya dan cadangan tambahan modal             amounted to IDR9,164 billion.
 lainnya). Modal inti (tier 1) posisi 31 Desember 2025 yaitu sebesar
 Rp9.164 Miliar.

 Modal Pelengkap (Tier 2)                                                 Tier 2 Capital
 Modal Pelengkap (Tier 2) Bank meliputi Cadangan umum PPA atas            Tier 2 Capital includes general allowance for impairment losses on
 aset produktif yang wajib dibentuk (paling tinggi 1,25% dari ATMR        productive assets required to be maintained (capped at 1.25% of
 risiko kredit). Modal pelengkap (Tier 2) posisi 31 Desember 2025 yaitu   credit risk-weighted assets). As at 31 December 2025, Tier 2 Capital
 sebesar Rp362.5 Miliar.                                                  amounted to IDR362.5 billion.

 Kecukupan Permodalan                                                     Capital Adequacy
 Bank telah melakukan pengelolaan modal sesuai dengan regulasi OJK        The Bank has managed its capital in accordance with OJK regulations
 (Basel II dan Basel III) dalam rangka memastikan bahwa Bank dapat        (Basel II and Basel III) to ensure adequate capital levels to absorb
 menjaga kecukupan modalnya untuk mengatasi risiko-risiko utama           key risks in banking activities, namely credit risk, market risk, and
 pada kegiatan perbankan, yaitu Risiko Kredit, Risiko Pasar dan Risiko    operational risk, while continuing to provide returns to stakeholders.
 Operasional, dengan tetap memberikan return bagi stakeholder. Untuk      For capital adequacy calculations incorporating credit and market risks,
 perhitungan kecukupan modal dengan memperhitungkan risiko kredit         the Bank applied the Basel II Standardized Approach. For operational
 dan risiko pasar, Bank menggunakan Pendekatan Standar Basel II           risk, the Bank used the Standardized Approach.
 (Standardized Approach). Untuk risiko operasional, Bank mengacu
 kepada Pendekatan Standar (Standardized Approach).
 Bank memiliki tingkat permodalan yang memadai dengan rasio               The Bank maintained a strong capital position with a Capital Adequacy
 kecukupan modal (Capital Adequacy Rasio/CAR) sebesar 30,47% dan          Ratio (CAR) of 30.47%, which was above the minimum regulatory
 di atas persyaratan minimum sesuai profil risiko yang ditetapkan oleh    requirement based on its risk profile. This provided sufficient support
 regulator, sehingga memadai untuk mendukung rencana bisnis Bank          for the Bank’s business plan while ensuring appropriate risk mitigation
 yang diimbangi dengan upaya dalam mengantisipasi seluruh risiko          across all exposures.
 yang dihadapi.
 Selain perhitungan tersebut, Bank juga memperhitungkan kecukupan         In addition, the Bank also assessed capital adequacy under Basel II
 permodalan dengan mengacu kepada Pilar 2 Basel II atau yang lebih        Pillar 2 through the Internal Capital Adequacy Assessment Process
 dikenal dengan pendekatan Internal Capital Adequacy Asessment            (ICAAP). Based on its risk profile rating of 2 (Low to Moderate),
 Process (ICAAP). Sesuai dengan peringkat profil risiko, Bank berada      the Bank’s ICAAP requirement was set at 12%, in accordance with
 pada peringkat 2 (Low to Moderate), maka perhitungan ICAAP Bank          regulatory provisions.”
 adalah 12% atau sesuai dengan ketentuan regulator.




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Risk Exposure and Capital Information




Pengungkapan Kualitatif Mengenai Struktur Permodalan dan Kecukupan
Permodalan
Qualitative Disclosure on Capital Structure and Capital Adequacy

Tabel Pengungkapan Kualitatif mengenai Struktur Permodalan dan Kecukupan Permodalan Desember 2025
Table of Qualitative Disclosure on Capital Structure and Capital Adequacy December 2025

      Instrument modal yang diterbitkan oleh Bank
 a.
      Capital Instruments Issued by the Bank

      Bank Mandiri Taspen tidak memiliki instrument modal yang             Bank Mandiri Taspen did not have any capital instruments issued
      diterbitkan oleh Bank.                                               by the Bank.

      Pendekatan yang Digunakan Bank Dalam Menilai Kecukupan Modal
 b.
      Approach Used by the Bank in Assessing Capital Adequacy

      Permodalan Bank telah mengacu kepada Ketentuan Otoritas Jasa         The Bank’s capital management has been conducted in accordance
      Keuangan (OJK), yaitu:                                               with Financial Services Authority (OJK) regulations, namely:
      a. Pilar 1 (satu), dalam melakukan perhitungan kecukupan modal       a. Pillar 1, in calculating capital adequacy for credit risk, market risk,
         untuk risiko kredit, risiko pasar dan risiko operasional.            and operational risk.
      b. Pilar 2 (dua) Basel II atau lebih dikenal dengan pendekatan       b. Basel II Pillar 2, also known as the Internal Capital Adequacy
         Internal Capital Adequacy Assessment Process (ICAAP). Bank           Assessment Process (ICAAP). The Bank implemented an internal
         menerapkan proses perhitungan kecukupan modal secara                 capital adequacy assessment process (ICAAP) to comply with
         internal atau Internal Capital Adequacy Assessment Process           the Minimum Capital Adequacy Requirement (KPMM) based on
         (ICAAP) dalam rangka memenuhi kewajiban penyediaan modal             its risk profile and to establish strategies for maintaining capital
         minimum (KPMM) sesuai profil risiko dan untuk menetapkan             levels.
         strategi dalam memelihara tingkat permodalan
      Dalam menghitung kecukupan modal, Bank menggunakan                   In calculating capital adequacy, the Bank applied the Basel II
      pendekatan Standar Basel II (Standardized Approach) untuk risiko     Standardized Approach for credit risk and incorporated external
      kredit dan telah memasukkan komponen External Rating. Mulai          ratings. Starting from January 2023, in accordance with SEOJK No.
      posisi Januari 2023, sesuai SEOJK No.24/SEOJK.3/2021 KPMM            24/SEOJK.3/2021, the capital adequacy requirement for credit risk
      risiko kredit akan dihitung menggunakan Pendekatan Standar           has been calculated using the Standardized Approach based on the
      berdasarkan dokumen Basel III: Finalising Post-Crisis Reforms, dan   Basel III: Finalising Post-Crisis Reforms framework, with parallel
      telah dilakukan Uji Coba sejak posisi Desember 2021.                 testing conducted since December 2021.
      Untuk risiko operasional, sampai dengan posisi Desember 2024         For operational risk, up to December 2024, the Bank applied the
      Bank mengacu kepada pendekatan Indikator Dasar Basel II (Basic       Basel II Basic Indicator Approach in accordance with SEOJK No.
      Indicator Approach) berdasarkan SEOJK No.24/SEOJK.03/2016.           24/SEOJK.03/2016. In addition, the Bank has conducted parallel
      Selain itu, Bank juga telah melakukan Uji Coba perhitungan beban     testing for operational risk capital charges using the Standardized
      modal risiko operasional dengan menggunakan Standardized             Approach (SA) in accordance with SEOJK No. 06/SEOJK.03/2020
      Approach (SA) sesuai ketentuan SEOJK No. 06/SEOJK.03/2020            concerning Risk-Weighted Assets (RWA) for Operational Risk
      perihal Perhitungan Aset Tertimbang Menurut Risiko (ATMR) untuk      using the Standardized Approach, which became effective in
      Risiko Operasional dengan menggunakan Pendekatan Standar yang        January 2023.
      akan mulai berkalu mulai berlaku efektif di Januari 2023.
      Sedangkan untuk risiko pasar, sampai dengan posisi Desember          For market risk, up to December 2025, the Bank calculated Market
      2025 perhitungan ATMR Risiko Pasar Bank sesuai dengan standar        Risk-Weighted Assets (RWA) based on the new Basel III reforms
      baru Basel III Reforms yang didasarkan pada Fundamental Review       under the Fundamental Review of the Trading Book (FRTB), as
      of the Trading Book (FRTB) yang diatur dalam SEOJK Nomor 23/         regulated under SEOJK No. 23/SEOJK.03/2022 concerning the
      SEOJK.03/2022 Tentang Perhitungan Aset Tertimbang Menurut            Calculation of Risk-Weighted Assets for Market Risk for Commercial
      Risiko Untuk Risiko Pasar Bagi Bank Umum (SEOJK ATMR Risiko          Banks using the Standardized Approach. The Bank first implemented
      Pasar) dengan menggunakan pendekatan standar (standardized           market risk RWA calculations in March 2025.
      approach). Bank pertama kali melakukan perhitungan ATMR Risiko
      Pasar pada periode Maret 2025.




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Manajemen Risiko -
Pendekatan Manajemen Risiko Bank (OVA)
Risk Management – Bank Risk Management Approach (OVA)


Tabel Pengungkapan Pendekatan Manajemen Risiko Bank (OVA)
Table of Disclosure on the Bank Risk Management Approach (OVA)

      Model Bisnis dan Interaksi dengan Profil Risiko
 a.
      Business Model and Interaction with Risk Profile

      Bank Mandiri Taspen melakukan evaluasi atas penerapan                   Bank Mandiri Taspen periodically evaluates the implementation
      manajemen risiko dalam setiap aktivitas bisnis Bank secara              of risk management across all business activities of the Bank,
      berkala yang mencakup penilaian/evaluasi untuk setiap jenis risiko      covering assessments for each type of risk, with the objective of
      yang bertujuan untuk memberikan gambaran profil risiko secara           providing a comprehensive and continuous overview of the Bank’s
      menyeluruh dan berkelanjutan. Model bisnis Bank tercermin dalam         risk profile. The Bank’s business model is reflected in its risk profile
      profil risiko melalui pengukuran/evaluasi atas parameter-parameter      through the measurement and evaluation of risk profile parameters.
      profil risiko. Penilaian terhadap profil risiko bertujuan untuk         The assessment of the risk profile aims to enable early detection
      mendeteksi permasalahan secara lebih dini, melakukan tindak lanjut      of issues, facilitate timely and appropriate corrective actions, and
      perbaikan yang sesuai dan lebih cepat, serta melakukan perbaikan        enhance governance and risk management practices, thereby
      dalam praktik tata kelola dan manajemen risiko, sehingga Bank           enabling the Bank to manage risks more effectively and strengthen
      dapat mengelola risiko dengan lebih baik dan memiliki ketahanan         its resilience in facing crises.
      yang lebih kuat dalam menghadapi krisis.
      Dalam menetapkan kecukupan modal sesuai dengan profil risiko            In determining capital adequacy in accordance with its risk profile
      dan menetapkan strategi untuk memelihara tingkat permodalan,            and establishing strategies to maintain capital levels, the Bank
      bank menerapkan Internal Capital Adequacy Assessment Process            applies the Internal Capital Adequacy Assessment Process
      (ICAAP). Perhitungan modal yang disediakan oleh Bank dilakukan          (ICAAP). Capital calculation is performed internally by the Bank,
      secara internal untuk kemudian hasil perhitungan modal tersebut         and the results of such calculations are subsequently reported to
      dilaporkan kepada regulator.                                            the regulator.

      Struktur Tata Kelola Risiko
 b.
      Risk Governance Structure

      Struktur tata kelola manajemen risiko di Bank Mandiri Taspen            The risk governance structure of Bank Mandiri Taspen consists of the
      terdiri dari Dewan Komisaris yang menjalankan fungsi pengawasan         Board of Commissioners, which performs oversight functions through
      risiko melalui Komite Audit dan Komite Pemantau Risiko, serta           the Audit Committee and the Risk Monitoring Committee, and the
      Direksi yang menjalankan fungsi kebijakan risiko melalui komite         Board of Directors, which implements risk policies through relevant
      terkait manajemen risiko yaitu Komite Manajemen Risiko, Komite          committees, namely the Risk Management Committee, Credit Policy
      Kebijakan Perkreditan dan Asset and Liabilities Committee. Di           Committee, and Asset and Liability Committee (ALCO). At the
      tingkat operasional, Satuan Kerja Manajemen Risiko bersama Unit         operational level, the Risk Management Work Unit, together with
      Bisnis dan Unit Kerja Kepatuhan melakukan fungsi identifikasi risiko,   Business Units and the Compliance Unit, performs risk identification,
      pengukuran risiko, mitigasi risiko serta pengendalian risiko.           risk measurement, risk mitigation, and risk control functions.
      Bank Mandiri Taspen menerapkan konsep Three Lines of Defense            Bank Mandiri Taspen applies the Three Lines of Defense (TLD)
      (TLD) dalam Sistem Pengendalian Intern. Penerapan TLD                   concept in its internal control system. The implementation of TLD
      membedakan antara fungsi-fungsi pemilik risiko (risk owner) sebagai     distinguishes between risk owners as the first line of defense and
      first line of defence terhadap fungsi-fungsi yang menangani risiko      risk management functions, and between functions that monitor
      (managing risks), dan antara fungsi-fungsi yang monitor spesifik        specific risks (e.g., non-compliance with external regulations) as
      risiko (misal: ketidakpatuhan terhadap eksternal regulator) sebagai     the second line of defense and functions that provide independent
      second line of defense dengan fungsi-fungsi yang menyediakan            assurance as the third line of defense.
      independent assurance sebagai third line of defense.
      1. Lini Pertahanan Pertama (First Line of Defense)                      1. First Line of Defense
        Unit Bisnis/Operasional yang merupakan UPPR sebagai lini                Business/Operational Units, which act as the Risk Taking Units
        pertama yang bertanggung jawab dalam melaksanakan tindakan              (UPPR), serve as the first line of defense and are responsible
        preventif atau control yang telah diatur dalam ketentuan untuk          for implementing preventive actions or controls as stipulated in
        memitigasi terjadinya risiko.                                           relevant policies to mitigate risk occurrence.
      2. Lini Pertahanan Kedua (Second Line of Defense)                       2. Second Line of Defense
        Bertanggung jawab dan memiliki fungsi Manajemen Risiko                  Responsible for risk management and compliance (risk oversight)
        dan Compliance (Risk Oversight) untuk membantu dan/atau                 functions to support and/or monitor controls. The oversight
        memantau pengendalian. Fungsi pengawasan dan pengendalian               and control functions are carried out by Risk Management,
        dilaksanakan oleh Risk Management, Compliance dan Risk                  Compliance, and Risk Business Control (RBC).
        Business Control (RBC)
      3. Lini Pertahanan Ketiga (Third Line of Defense)                       3. Third Line of Defense
        Berfungsi untuk memberikan penilaian secara independen                  Responsible for providing independent assurance on the
        atas kecukupan internal control serta memastikan First Line             adequacy of internal controls and ensuring that both the first
        of Defense dan Second Line of Defense telah menjalankan                 and second lines of defense have performed their functions
        fungsinya dengan baik. Untuk menjaga independensi, Internal             effectively. To maintain independence, Internal Audit reports
        Audit bertanggungjawab langsung kepada Direktur Utama dan               directly to the President Director and may communicate with the
        dapat berkomunikasi dengan Dewan Komisaris melalui Komite               Board of Commissioners through the Audit Committee.
        Audit




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 c.   Code of Conduct

      Bank Mandiri Taspen telah memiliki code of conduct yang               Bank Mandiri Taspen has established a Code of Conduct that defines
      menjelaskan prinsip-prinsip dasar perilaku pribadi dan professional   the fundamental principles of personal and professional behavior
      yang dilakukan oleh Jajaran Perusahaan. Kode etik berlaku bagi        applicable to all employees of the Company. The Code of Conduct
      seluruh pegawai Bank Mandiri Taspen baik pegawai kontrak maupun       applies to all employees of Bank Mandiri Taspen, including contract
      tetap, serta berlaku juga untuk semua Dewan Komisaris dan Direksi.    and permanent employees, as well as to members of the Board of
      Penerapan kode etik diharapkan dapat mendorong terwujudnya            Commissioners and the Board of Directors. The implementation of
      perilaku professional, bertanggung jawab, wajar, patut dan dapat      the Code of Conduct is expected to foster professional, responsible,
      dipercaya dalam melakukan hubungan bisnis dengan sesama rekan         fair, proper, and trustworthy behavior in conducting business
      kerja maupun para mitra kerja.                                        relationships with colleagues and business partners.
      Kode etik telah dikomunikasikan dan disosialisasikan kepada           The Code of Conduct has been communicated and disseminated to
      Dewan komisaris serta organ pendukungnya, Direksi serta seluruh       the Board of Commissioners and its supporting organs, the Board of
      pegawai, antara lain melalui:                                         Directors, and all employees through, among others:
      1. Website Perusahaan.                                                1. The Company’s website;
      2. Email administrator yang disampaikan kepada seluruh pegawai.       2. Administrator email distributed to all employees;
      3. Pada saat penandatanganan perjanjian kerja bersama yang            3. Signing of the collective labor agreement between employees
         dilakukan antara pekerja dan manajemen perusahaan.                    and management; and
      4. Standing banner, flyer dan media-media advertising lainnya pada    4. Standing banners, flyers, and other advertising media within
         area kantor.                                                          office premises.
      Selain itu pegawai juga dapat melaporkan dugaan pelanggapan           In addition, employees may report suspected violations of the
      atas implementasi kode etik kepada atasan, melalui mekanisme          Code of Conduct to their supervisors through the whistleblowing
      whistleblowing system yang disebut Letter to CEO (LTC). Setiap        mechanism known as Letter to CEO (LTC). Any action proven
      perbuatan yang setelah diinvestigasi terbukti sebagai pelanggaran     through investigation to constitute a violation of the Code of
      atas kode etik akan dikenakan sanksi sesuai dengan peraturan yang     Conduct shall be subject to sanctions in accordance with applicable
      berlaku.                                                              regulations.
      Upaya implementasi dan penegakkan kode etik Bank Mandiri              The implementation and enforcement of the Code of Conduct at
      Taspen dilakukan dengan penuh kesadaran secara terus-menerus          Bank Mandiri Taspen are carried out continuously and with full
      dalam bentuk komitmen, sikap dan perbuatan, yang dilakukan            awareness, in the form of commitment, attitude, and behavior,
      antara lain dengan cara:                                              including through the following measures:
      1. Pelaksanaan Pembuatan Surat Pernyataan Tahunan (Annual             1. Annual Disclosure Statement
         Disclosure)
        Setiap Pegawai Bank, wajib menandatangani Surat Pernyataan            All Bank employees are required to sign the Annual Employee
        Tahunan Pegawai dalam rangkap 3 (tiga); satu bermaterai cukup.        Statement in triplicate, one of which is duly stamped.
      2. Penandatanganan     formulir   elektronik   surat   pernyataan     2. Electronic Employee Declaration Form
         pegawai
        Setiap pegawai dapat dimungkinkan menggunakan media                   Employees may submit their employee statements electronically.
        elektronik dalam menyampaikan surat pernyataan pegawai.
      3. Pakta Integritas                                                   3. Integrity Pact
        Surat pernyataan yang ditandatangani oleh Kepala Unit Kerja           A statement signed by the Head of Work Unit containing a
        yang berisi ikrar untuk mencegah dan tidak melakukan perbuatan        pledge to prevent and not engage in acts that violate applicable
        yang melanggar ketentuan perundang–undangan yang berlaku              laws and regulations, and a commitment to perform duties and
        serta berjanji untuk melaksanakan tugas dan tanggungjawab             responsibilities in line with the organization’s values.
        sejalan dengan nilai-nilai organisasi.

      Ruang Lingkup dan Fitur Utama Sistem Pengukuran Risiko
 d.
      Scope and Key Features of the Risk Measurement System

      Bank Mandiri Taspen secara berkelanjutan menerapkan pengukuran        Bank Mandiri Taspen continuously applies risk measurement
      risiko yang mengacu kepada international best practices dengan        practices aligned with international best practices, using both
      menggunakan pendekatan permodelan kuantitatif maupun kualitatif       quantitative and qualitative modeling approaches. These include
      melalui pengembangan model risiko seperti rating, scoring, Value at   the development of risk models such as rating, scoring, Value at
      Risk (VaR), portfolio management, stress testing dan model lainnya    Risk (VaR), portfolio management, stress testing, and other models
      sebagai pendukung judgemental decition making.                        supporting judgment-based decision making.
      Secara periodik, model-model risiko tersebut mengikuti lifecycle      On a periodic basis, these risk models follow a defined lifecycle
      model sejalan dengan penerapan Model Risk Management dan              in line with the implementation of Model Risk Management and
      divalidasi oleh unit Model Validator yang bersifat independen         are independently validated by a Model Validation unit to ensure
      untuk menjaga keandalan dan validitas model serta memenuhi            reliability, validity, and compliance with regulatory requirements.
      persyaratan regulasi.
      Dalam rangka penyelarasan antara penerapan Basel II, III dan          In order to align Basel II, Basel III, and Enterprise Risk Management
      Enterprise Risk Management (ERM), Bank Mandiri Taspen                 (ERM) implementation, Bank Mandiri Taspen continuously
      terus melaksanakan Implementasi Basel dengan acuan regulasi           implements Basel-aligned practices based on regulations issued
      Otoritas Jasa Keuangan dan BCBS (Basel Committee on Banking           by the Financial Services Authority (OJK) and the Basel Committee
      Supervision) maupun best practices, yang meliputi area di Risiko      on Banking Supervision (BCBS), as well as best practices. These
      Kredit, Risiko Pasar, Risiko Likuiditas, Risiko Suku Bunga pada       cover credit risk, market risk, liquidity risk, interest rate risk in
      Banking Book Position, Risiko Operasional, Pengelolaan Modal          the banking book, operational risk, capital management, Internal
      dan Internal Capital Adequacy Assessment Process (ICAAP), serta       Capital Adequacy Assessment Process (ICAAP), stress testing, and
      Stress Testing dan Recovery Plan.                                     recovery planning.




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      Proses Pelaporan Informasi Risiko yang Diberikan Kepada Dewan Komisaris dan Direksi
 e.
      Risk Reporting Process Provided to the Board of Commissioners and Board of Directors

      Pelaporan informasi risiko disampaikan kepada Dewan komisaris            Risk information reporting is submitted to the Board of
      dan Direksi melalui komite yang ada di bawah supervisi Dewan             Commissioners and the Board of Directors through committees
      Komisaris dan Direksi. Untuk komite di bawah supervise Dewan             established under their respective supervision. For committees
      Komisaris yang memiliki tugas dan tanggung jawab melakukan               under the supervision of the Board of Commissioners, which
      kajian dan evaluasi atas kebijakan dan pelaksanaan manajemen             are responsible for reviewing and evaluating the Bank’s risk
      risiko bank, serta memberikan masukan dan rekomendasi kepada             management policies and implementation, and providing input
      Dewan Komisaris dalam rangka melaksanakan fungsi pengawasan              and recommendations to support the supervisory function, these
      adalah Komite Pemantau Risiko dan Komite Audit.                          include the Risk Monitoring Committee and the Audit Committee.
      Dari 5 (Lima) komite yang berada di bawah supervisi Direksi,             Out of the five committees under the supervision of the Board of
      terdapat 3 (tiga) komite yang berkaitan langsung dengan                  Directors, three committees are directly related to risk management,
      pengelolaan manajemen risiko yaitu Komite Manajemen Risiko               namely the Risk Management Committee (RMC), Credit Policy
      (KMR), Komite Kebijakan Perkreditan (KKP) dan Asset & Liabilities        Committee (CPC), and Asset and Liability Committee (ALCO).
      Committee (ALCO).

 f.   Stress Test

      Untuk mengukur tingkat ketahanan Bank Mandiri Taspen dalam               To assess Bank Mandiri Taspen’s resilience in facing extreme
      menghadapi suatu scenario kejadian eksternal yang ekstrim                (exceptional) but plausible external scenarios, the Bank conducts
      (exceptional) tetapi mungkin terjadi (plausible), Bank Mandiri           stress testing as a basis for decision-making and contingency
      Taspen melakukan stress testing sebagai dasar pengambilan                planning, as well as to comply with applicable regulatory
      keputusan dan penyusunan contingency plan serta sebagai                  requirements in Indonesia. For Bank Mandiri Taspen, stress
      pemenuhan atas ketentuan regulasi yang berlaku di Indonesia. Bagi        testing aims to estimate potential losses, assess the Bank’s capital
      Bank Mandiri Taspen, stress testing bertujuan untuk mengestimasi         adequacy in absorbing losses, evaluate liquidity sufficiency to meet
      besarnya potensi kerugian yang dapat terjadi, ketahanan modal            contractual and behavioral obligations, and identify mitigation
      Bank dalam menyerap kerugian, kecukupan likuiditas untuk                 actions to strengthen capital resilience.
      memenuhi kewajiban kontraktual maupun behavioral Bank, serta
      mengidentifikasi langkah-langkah yang harus dilakukan untuk
      memitigasi risiko dan menjadi ketahanan modal.
      Terdapat beberapa jenis stress testing yang dilakukan di Bank            Several types of stress testing are conducted at Bank Mandiri
      Mandiri Taspen berdasrakan jenis risikonya, diantaranya:                 Taspen based on risk categories, including:
      1. Stress Testing Risiko Kredit                                          1. Credit Risk Stress Testin
        Model Stress Testing dibuat dengan mempertimbangkan faktor               The stress testing model is developed by considering risk factors
        risiko yang mempengaruhi tingkat NPL pada seluruh portfolio              affecting the Non-Performing Loan (NPL) level across the entire
        kredit. Dalam perhitungan Stress Testing risiko kredit.                  credit portfolio.
      2. Stress Testing Risiko Likuiditas                                      2. Liquidity Risk Stress Testing
        Perhitungan Stress Testing Likuiditas diukur mengikuti Flow              Liquidity stress testing is measured using a flow-based approach
        Based (Liquidity Gap Analysis). Liquidity gap merupakan                  (Liquidity Gap Analysis). Liquidity gap analysis is a methodology
        metodologi untuk memproyeksikan arus kas masuk dan arus                  used to project future cash inflows and outflows. The results
        kas keluar di masa mendatang. Hasil pengukuran liquidity gap             indicate whether the Bank is in a liquidity surplus (positive
        menunjukkan kondisi likuiditas Bank yaitu surplus likuiditas             liquidity gap) or liquidity deficit (negative liquidity gap). These
        (positive liquidity gap) atau defisit likuiditas (negative liquidity     projections determine the Bank’s strategies, including funding
        gap). Proyeksi kondisi likuiditas tersebut akan menentukan               placement strategies, funding strategies, and liquidity pricing
        strategi yang akan dilaksanakan oleh Bank, seperti strategi              strategies.
        penempatan dana, strategi pendanaan dan strategi terkait
        likuiditas seperti strategi pricing dana.
      3. Stress Testing Risiko Pasar                                           3. Market Risk Stress Testing
        Adapun lingkup perhitungan stress testing risiko pasar yang              The scope of market risk stress testing includes:
        diukur sebagai berikut:
        a. Sensitivity Analysis                                                  a. Sensitivity Analysis
           Sensitivity Analysis dalam hal ini atas portofolio surat berharga        Sensitivity analysis for the securities portfolio is used to
           merupakan metode yang digunakan untuk mengetahui                         assess changes in financial instrument prices due to changes
           harga dari suatu instrument keuangan atas perubahan                      in market factors. These factors include BI7DRR, government
           faktor pasar. Adapun contoh perubahan faktor pasar yang                  bond market yields, JIBOR, or other variables affecting the
           dapat dipertimbangkan antara lain BI7DRR, Market Yield                   valuation of securities classified as Fair Value Through Other
           Government Bonds, JIBOR ataupun faktor lain yang dapat                   Comprehensive Income (FVOCI). Changes in valuation directly
           mempengaruhi nilai valuasi dari portofolio surat berharga                affect other comprehensive income and subsequently impact
           kategori FVTOCI (Fair Value Through Other Comprehensive                  the Bank’s capital position.
           Income), dimana setiap perubahan nilai valuasi surat berharga
           dapat mempengaruhi nilai comprehensive income yang secara
           langsung mempengaruhi aspek permodalan Bank.
        b. Stress Testing EVE                                                    b. EVE Stress Testing
           Metode EVE merupakan salah satu metode dalam perhitungan                 The Economic Value of Equity (EVE) method is one of the
           IRRBB (interest Rate Risk in the Banking Book). Adapun dalam             approaches used in Interest Rate Risk in the Banking Book
           melakukan pengukuran Risiko IRRBB, Bank menggunakan 2                    (IRRBB). The Bank applies two IRRBB measurement methods,
           (Dua) metode yaitu EVE dan NII sensitivity. Bank menghitung              namely EVE and Net Interest Income (NII) sensitivity. However,
           stress testing IRRBB hanya untuk metode EVE, dimana                      stress testing is conducted only for the EVE method, which
           stress testing EVE untuk menghitung potensi risiko kerugian              estimates potential losses affecting the Bank’s capital due to
           yang dapat mempengaruhi mode Bank yang diakibatkan dari                  changes in market factors such as interest rates, government
           perubahan faktor pasar seperti perubahan suku bunga pasar,               bond yields, JIBOR, and other variables impacting the Bank’s
           Market Yield Government Bonds, JIBOR ataupun faktor lain                 portfolio.
           yang dapat mempengaruhi portofolio Bank.




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      4. Stress Testing Terintegrasi                                          4. Integrated Stress Testing
        Integrasi dari stress testing risiko kredit, pasar, likuiditas          Integrated stress testing combines credit, market, and liquidity
        berdampak financial terhadap Bank. Pada integritas stress               risk stress testing to assess the overall financial impact on the
        testing digunakan satu jenis skenario yang diaplikasikan pada           Bank. A single scenario is applied across key risk types (credit,
        risiko-risiko utama (kredit, pasar, likuiditas) untuk melihat           market, liquidity) to evaluate risk impacts and their effect
        dampak risikonya serta dihitung dampak atas profitabilitas              on profitability. Scenarios may originate from idiosyncratic
        yang ditimbulkan. Skenario yang digunakan dapat bersumber               events, market-wide shocks, or a combination of both. The
        dari scenario idiosyncratic, market wide shock atau kombinasi           implementation of scenarios follows the methodologies
        keduanya. Terkait mekanisme implementasi skenario pada                  described above for each risk type. The resulting risk impacts are
        masing-masing risiko sesuai dengan yang dijelaskan pada poin            then translated into effects on the balance sheet, profit and loss,
        di atas. Setelah diperoleh dampak risiko, dilakukan perhitungan         and other financial ratios.
        dampak yang ditimbulkan pada neraca, profit & loss ataupun
        rasio keuangan lainnya.

      Strategi dan Proses Untuk Mengatur, Melindungi Nilai dan Memitigasi Risiko yang Muncul dari Model Bisnis Bank
 g.
      Strategies and Processes to Manage, Protect Value, and Mitigate Risks Arising from the Bank’s Business Model

      Strategi pengelolaan risiko pasar dan risiko likuiditas dilakukan       Market risk and liquidity risk management strategies are carried out
      melalui tahapan identifikasi, pengukuran, pemantauan dan                through the stages of risk identification, measurement, monitoring, and
      pengendalian risiko. Strategi lindung nilai atas portofolio Bank yang   control. Hedging strategies for the Bank’s portfolios that potentially
      menimbulkan potensi kerugian dilakukan dengan mempertimbankan           generate losses are implemented by taking into consideration the risk
      risk appetite, analisa data historis, strategi dan kebutuhan bisnis,    appetite, historical data analysis, business strategy and requirements,
      serta proyeksi pergerakan faktor pasar di masa yang akan datang.        as well as projections of future market factor movements.
      Dalam hal mitigasi risiko, Bank menetapkan limit yang mengacu           In terms of risk mitigation, the Bank establishes limits based on the Risk
      pada Risk Appetite Statement (RAS), ketentuan internal dan              Appetite Statement (RAS), internal policies, and applicable laws and
      ketentuan perundang-undangan yang berlaku. Pemantauan atas              regulations. Monitoring of market risk exposures in the banking book
      eksposur risiko pasar banking book dilakukan secara periodik oleh       is conducted periodically by the Risk Management Division (Market,
      Divisi Risk Management (Departement Market, Liquidity & Data            Liquidity & Data Analytics Department), which includes, among
      Analytics) yang meliputi antara lain utilisasi limit risiko pasar,      others, monitoring of market risk limit utilization, sensitivity analysis,
      sensitivity analysis, dan stress test secara berkala. Untuk risiko      and periodic stress testing. For liquidity risk, the Bank prepares and
      likuiditas, Bank menyusun dan melakukan review berkala terhadap         periodically reviews the Contingency Funding Plan (CFP) and Recovery
      Contigency Funding Plan (CFP) dan Recovery Plan yang mengatur           Plan, which set out the procedures to be implemented by the Bank in
      tentang prosedur perusahaan dalam mengahadapi kondisi likuiditas        dealing with deteriorating liquidity conditions.
      yang memburuk.




Rasio Pengungkit
Leverage Ratio



Kewajiban Pemenuhan Rasio Pengungkit
Leverage Ratio Compliance Requirement

Tabel Laporan Total Eksposur dalam Rasio Leverage
Table of Total Exposure Report in the Leverage Ratio
                                                                                                                        (dalam jutaan rupiah / in IDR million)



                                                        Keterangan                                                                     Jumlah
 No
                                                        Description                                                                    Amount

       Total aset di neraca pada laporan keuangan publikasi (nilai gross sebelum dikurangi CKPN).
  1    Total assets in the statement of financial position as per the published financial statements (gross amount                    73,238,406
       before deduction of allowance for impairment losses/CKPN).

       Penyesuaian untuk nilai penyertaan pada bank, lembaga keuangan, perusahaan asuransi, dan/atau entitas
       lain yang berdasarkan standar akuntansi keuangan harus dikonsolidasikan namun di luar cakupan konsolidasi
       berdasarkan ketentuan Otoritas Jasa Keuangan.
  2                                                                                                                                                 -
       Adjustment for investments in banks, financial institutions, insurance companies, and/or other entities
       which, in accordance with financial accounting standards, should be consolidated but are excluded from the
       consolidation scope under Financial Services Authority (OJK) regulations.




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                                                        Keterangan                                                                Jumlah
 No
                                                        Description                                                               Amount

       Penyesuaian untuk nilai kumpulan aset keuangan atau aset syariah yang mendasari (underlying) yang telah
       dialihkan dalam sekuritisasi aset memnuhi persyaratan jual putus sebagaimana diatur dalam peraturan
       perundang-undangan OJK mengenai Prinsip Kehati-hatian dalam Aktivitas Sekuritisasi Aset bagi Bank Umum.
       Dalam hal aset keuangan atau aset syariah yang mendasari (underlying) dimaksud telah dikurangi dari total
       aset pada neraca maka angka pada baris ini adalah 0 (nol).
  3                                                                                                                                        -
       Adjustment for the value of underlying financial assets or sharia assets that have been transferred in asset
       securitization transactions that meet the criteria for a true sale as stipulated under OJK prudential regulations
       on Asset Securitization Activities for Commercial Banks. In cases where such underlying financial assets or
       sharia assets have already been deducted from total assets in the statement of financial position, the amount
       in this line shall be zero.

       Penyesuaian terhadap pengecualian sementara atas penempatan giro pada Bank Indonesia dalam rangka
       memenuhi ketentuan giro wajib minimum (jika ada).
  4                                                                                                                                        -
       Adjustment for temporary exemption of demand deposits placed with Bank Indonesia in order to comply with
       statutory reserve requirements (if any).

       Penyesuaian untuk aset fidusia yang diakui sebagai komponen neraca berdasarkan standar akuntansi
       keuangan namun dikeluarkan dari perhitungan total eksposur dalam Rasio Leverage.
  5                                                                                                                                        -
       Adjustment for fiduciary assets recognized as part of the balance sheet under financial accounting standards
       but excluded from the leverage ratio exposure measure.

       Penyesuaian untuk nilai pembelian atau penjualan aset keuangan secara reguler dengan menggunakan metode
       pakuntansi tanggal perdagangan.
  6                                                                                                                                        -
       Adjustment for purchases or sales of financial assets on a regular way settlement basis using the trade date
       accounting method.

       Penyesuaian untuk nilai transaksi cash pooling yang memenuhi persyaratan sebagaimana diatur dalam
       Peraturan Otoritas Jasa Keuangan ini.
  7                                                                                                                                        -
       Adjustment for cash pooling transactions that meet the requirements as regulated under Financial Services
       Authority (OJK) regulations.

       Penyesuaian untuk nilai eksposur transaksi derivatif.
  8                                                                                                                                        -
       Adjustment for derivative exposures.

       Penyesuaian untuk nilai eksposur Securities Financing Transaction (SFT) sebagai contoh transaksi reverse
       repo.
  9                                                                                                                                        -
       Adjustment for Securities Financing Transactions (SFT), such as reverse repurchase agreements (reverse
       repo).

       Penyesuaian untuk nilai eksposur Transaksi Rekening Administratif (TRA) yang telah dikalikan dengan Faktor
       Konversi Kredit (FKK).
 10                                                                                                                                     114
       Adjustment for off-balance sheet exposures (TRA) that have been multiplied by the Credit Conversion Factor
       (CCF).

       Prudent valuation adjustments berupa faktor pengurang modal dan Cadangan Kerugian Penurunan Nilai
 11    (CKPN).                                                                                                                     (465,036)
       Prudent valuation adjustments, consisting of capital deductions and allowance for impairment losses (CKPN).

       Penyesuaian lainnya.
 12                                                                                                                                        -
       Other adjustments.

       Total eksposur dalam perhitungan Rasio Leverage.
 13                                                                                                                               72,773,484
       Total exposure used in the calculation of the Leverage Ratio.




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Perhitungan Rasio Pengungkit
Leverage Ratio Calculation

Tabel Laporan Total Eksposur dalam Rasio Leverage
Table of Total Exposure Report in the Leverage Ratio
                                                                                                                  (dalam jutaan rupiah / in IDR million)



                                                                                                                        Periode
                                            Keterangan                                                                  Period
                                             Descrition
                                                                                                              T                        T-1

 Eksposur Aset dalam Laporan Posisi Keuangan (Neraca)
 On-Balance Sheet Asset Exposure (Statement of Financial Position / Balance Sheet)

       Eksposur Aset dalam Laporan Posisi Keuangan (Neraca) termasuk aset jaminan, namun tidak
       termasuk eksposur transaksi derivatif dan eksposur SFT.
       *Nilai gross sebelum dikurangi CKPN
  1                                                                                                       72,223,551              67,398,994
       “On-balance sheet asset exposure includes collateral assets, but excludes derivative
       transaction exposures and Securities Financing Transactions (SFT) exposures.
       *Gross value before deduction of allowance for impairment losses (CKPN)”

       Nilai penambahan kembali untuk agunan derivatif yang diserahkan kepada pihak lawan dan
       penyediaan agunan tersebut mengakibatkan penurunan total eksposur aset dalam neraca
       karena adanya penerapan standar akuntansi.
  2                                                                                                                 -                           -
       Re-addition of collateral provided in derivative transactions where such collateral provision
       results in a reduction of total on-balance sheet asset exposure due to accounting standards
       application.

       (Pengurangan atas piutang terkait cash variation margin yang diberikan dalam transaksi
  3    derivatif).                                                                                                  -                           -
       (Deduction of receivables related to cash variation margin provided in derivative transactions).

       (Penyesuaian untuk surat berharga yang diterima dalam eksposur SFT yang diakui sebagai
  4    aset).                                                                                                       -                           -
       (Adjustment for securities received under SFT exposures that are recognized as assets).

       Cadangan Kerugian Penuruna Nilai (CKPN) atas aset tersebut sesuai standar akuntansi yang
       berlaku.
  5                                                                                                        (219,840)                (204,251)
       Allowance for impairment losses (CKPN) on such assets in accordance with applicable
       accounting standards.

       (Aset yang telah diperhitungkan sebagai faktor pengurang Modal Inti (tier 1) sebagaimana
       dimaksud dalan peraturan Otoritas Jasa Keuangan yang mengatur mengenai kewajiban
       penyediaan modal minimum bank umum).
  6                                                                                                        (245,196)                (289,230)
       (Assets that have been deducted from Common Equity Tier 1 (CET1) capital in accordance
       with Financial Services Authority (OJK) regulations on minimum capital adequacy
       requirements for commercial banks).

       Total eksposur Aset dalam Laporan Posisi Keuangan (Keuangan) (Penjumlahan dari baris 1
  7    sampai dengan baris 6)                                                                             71,758,515              66,905,513
       Total on-balance sheet asset exposure (sum of line items 1 to 6).

 Eksposur Transaksi Derivatif
 Derivative Transaction Exposure

       Nilai Replacement Cost (RC) untuk seluruh transaksi derivatif baik dalam hal terdapat
       variation margin yang memenuhi syarat ataupun terdapat perjanjian hapus yang memenuhi
       persyaratan tertentu.
  8                                                                                                                 -                           -
       Replacement Cost (RC) value for all derivative transactions, whether there is a variation
       margin that meets the requirements or there is a write-off agreement that meets certain
       requirements

       Nilai penambahan yang merupakan Potential Futures Exposures (PFE) untuk seluruh
  9    transaksi derivatif.                                                                                         -                           -
       The added value which is the Potential Futures Exposures (PFE) for all derivative transactions.

       (pengecualian atas eksposur transaksi derivatif yang diselesaikan melalui central
  10   counterparty (CCP)).                                                                                         -                           -
       (except for exposure to derivative transactions settled through a central counterparty (CCP)).




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                                                                                                                    Periode
                                             Keterangan                                                             Period
                                              Descrition
                                                                                                          T                      T-1

       Penyesuaian untuk nilai nosional efektif dari derivatif kredit.
  11                                                                                                            -                        -
       Adjustment for the effective notional value of credit derivatives.

       (Penyesuaian untuk nilai nosional efektif yang dilakukan saling hapus dan pengurangan
       add-on untuk transaksi penjualan kredit derivatif.
  12                                                                                                            -                        -
       (Adjustment for effective notional value offsets and add-on reductions for derivative credit
       sales transactions.

       Total Eksposur Transaksi Derivatif (Penjumlahan baris 8 sampai dengan baris 12).
  13                                                                                                            -                        -
       Total Derivative Transaction Exposure (Summation of rows 8 to 12).

 Eksposur Securities Financing Transaction (SFT)
 Securities Financing Transaction (SFT) Exposure

       Nilai Gross SFT.
  14                                                                                                   1,014,855               2,599,789
       Gross SFT Value

       (Nilai bersih antara liabilitas kas dan tagihan kas).
  15                                                                                                            -                        -
       (Net amount between cash liabilities and cash receivables).

       Risiko Kredit akibat kegagalan pihak lawan terkait aset SFT yang mengacu perhitungan
       Current Exposure sebagaimana diatur dalam Lampiran I Peraturan Otoritas Jasa Keuangan
       ini.
  16                                                                                                            -                        -
       Credit risk arising from counterparty default related to SFT assets, based on the Current
       Exposure method as stipulated in Appendix I of this Financial Services Authority (OJK)
       Regulation.

       Eksposur sebagai agen SFT.
  17                                                                                                            -                        -
       Exposure as SFT agent.

       Total Eksposur SFT
       (Penjumlahan baris 14 sampai dengan baris 17).
  18                                                                                                   1,014,855               2,599,789
       “Total SFT Exposure
       (Sum of lines 14 to 17).”

 Eksposur Transaksi Rekening Admnistratif (TRA)
 Off-Balance Sheet Exposure (Administrative Account Transactions / TRA)

       Nilai seluruh kewajiban komitmen atau kewajiban kontijensi.
       *Nilai gross sebelum dikurangi CKPN
  19                                                                                                       1,137                  1,303
       “Total amount of all commitment liabilities or contingent liabilities.
       *Gross value before deduction of allowance for impairment losses (CKPN)”

       (Penyesuaian terhadap hasil perkalian antara nilai kewajiban komitmen atau kewajiban
       kontijensi dan Faktor Konversi Kredit (FKK) kemudian dikurangi CKPN).
  20                                                                                                     (1,023)                 (1,173)
       Adjustment for the product of commitment or contingent liability amounts and the Credit
       Conversion Factor (CCF), then net of allowance for impairment losses (CKPN).

       (Cadangan Kerugian Penurunan Nilai (CKPN) atas TRA tersebut sesuai standar akuntansi
       yang berlaku).
  21                                                                                                            -                        -
       (Allowance for impairment losses (CKPN) on such TRA exposures in accordance with
       applicable accounting standards).

       Total Eksposur Transaksi Rekening Administratif (TRA)
       (Penjumlahan dari baris 19 sampai dengan baris 21).
  22                                                                                                          114                      130
       “Total Off-Balance Sheet Exposure (Administrative Account Transactions / TRA)
       (Sum of lines 19 to 21).”

 Modal dan Total Eksposur
 Capital and Total Exposure

       Modal Inti (Tier 1).
  23                                                                                                   9,163,760               8,663,033
       Core Capital (Tier 1).

       Total Eksposur (Penjumlahan baris 7, 13, 18 dan 22).
  24                                                                                                  72,773,484              69,505,432
       Total Exposure (sum of lines 7, 13, 18, and 22).




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                                                                                                                          Periode
                                             Keterangan                                                                   Period
                                              Descrition
                                                                                                                T                   T-1

 Rasio Leverage
 Leverage Ratio

        Nilai Rasio Leverage
  25                                                                                                           12,59%               12,46%
        Leverage Ratio Value

        Nilai Minimum Rasio Leverage
  26                                                                                                            3,00%                 3,00%
        Minimum Leverage Ratio Requirement

        Buffer terhadap nilai Rasio Leverage
  27                                                                                                                N/A                   N/A
        Leverage Ratio Buffer

 Pengungkapan Nilai Rata-Rata
 Disclosure of Average Value

        Nilai rata-rata dari nilai tercatat aset SFT secara gross, setelah penyesuaian untuk transaksi
        akuntansi penjualan (sale accounting transaction) yang dihitung secara bersih (nett) dengan
        liabilitas kas dalam SFT dan tagihan kas dalam SFT
  28                                                                                                                  -                     -
        Average value of the gross carrying amount of Securities Financing Transactions (SFT)
        assets, after adjustment for sale accounting transactions, calculated net of cash liabilities in
        SFT and cash receivables in SFT.

        Nilai akhir triwulan laporan dari nilai tercatat aset SFT secara gross, setelah penyesuaian
        untuk transaksi akuntansi penjualan (sale accounting transaction) yang dihitung secara
  29    bersih (nett) dengan liabilitas kas dalam SFT dan tagihan kas dalam SFT                                       -                     -
        Quarter-end value of the gross carrying amount of SFT assets, after adjustment for sale
        accounting transactions, calculated net of cash liabilities in SFT and cash receivables in SFT.

        Total Eksposur, termasuk dampak dari penyesuaian terhadap pengecualian sementara
        atas penempatan giro pada Bank Indonesia dalam rangka memenuhi ketentuan giro wajib
        minimum (jika ada), yang telah memasukkan nilai rata-rata dari nilai tercatat aset SFT secara
  30    gross sebagaimana dimaksud dalam baris 28                                                                     -                     -
        Total Exposure, including the impact of adjustments for temporary exemption of demand
        deposits placed with Bank Indonesia to meet statutory reserve requirements (if any),
        incorporating the average value of gross SFT assets as referred to in line 28.

        Total Eksposur, tidak termasuk dampak dari penyesuaian terhadap pengecualian sementara
        atas penempatan giro pada Bank Indonesia - 46 - Keterangan Periode T T-1 dalam rangka
        memenuhi ketentuan giro wajib minimum (jika ada), yang telah memasukkan nilai rata-rata
 30a    dari nilai tercatat aset SFT secara gross sebagaimana dimaksud dalam baris 28                                 -                     -
        Total Exposure, excluding the impact of adjustments for temporary exemption of demand
        deposits placed with Bank Indonesia to meet statutory reserve requirements (if any),
        incorporating the average value of gross SFT assets as referred to in line 28.

        Nilai Rasio Pengungkit, termasuk dampak dari penyesuaian terhadap pengecualian
        sementara atas penempatan giro pada Bank Indonesia dalam rangka memenuhi ketentuan
        giro wajib minimum (jika ada), yang telah memasukkan nilai rata-rata dari nilai tercatat aset
  31    SFT secara gross sebagaimana dimaksud dalam baris 28                                                          -                     -
        Leverage Ratio, including the impact of adjustments for temporary exemption of demand
        deposits placed with Bank Indonesia to meet statutory reserve requirements (if any),
        incorporating the average value of gross SFT assets as referred to in line 28.

        Nilai Rasio Pengungkit, tidak termasuk dampak dari penyesuaian terhadap pengecualian
        sementara atas penempatan giro pada Bank Indonesia dalam rangka memenuhi ketentuan
        giro wajib minimum (jika ada), yang telah memasukkan nilai rata-rata dari nilai tercatat aset
 31a    SFT secara gross sebagaimana dimaksud dalam baris 28                                                          -                     -
        Leverage Ratio, excluding the impact of adjustments for temporary exemption of demand
        deposits placed with Bank Indonesia to meet statutory reserve requirements (if any),
        incorporating the average value of gross SFT assets as referred to in line 28.




                                                               Analisis Kualitatif
                                                               Qualitative Analysis

 Bank memiliki tingkat Rasio Pengungkit yang sangat memadai                 The Bank maintained a highly adequate Leverage Ratio level.




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                                                                                                                          PT Bank Mandiri Taspen




Risiko Kredit
Credit Risk

Risiko kredit merupakan risiko yang terjadi akibat kegagalan                 Credit risk is the risk arising from the failure of debtors and/
debitur dan/atau pihak lain dalam memenuhi kewajibannya                      or other counterparties to fulfill their obligations to the Bank.
kepada Bank. Dalam rangka mengelola risiko dimaksud,                         In managing such risk, the Bank performs both quantitative
Bank melakukan pengukuran terhadap risiko kredit atas                        and qualitative assessments of credit risk across its existing
portofolio yang ada secara kuantitatif maupun kualitatif, guna               portfolio, in order to minimize potential losses resulting from
meminimalkan potensi kerugian akibat tidak terpenuhinya                      non-fulfillment of credit repayment obligations, both at the
kewajiban pembayaran kredit, baik pada level debitur individual              individual debtor level and at the overall portfolio level.
maupun pada level portofolio secara keseluruhan.


Pengungkapan Kualitatif Umum (CRA)
General Qualitative Disclosure (CRA)

Tabel Pengungkaapan Informasi Kualitatif terkait Risiko Kredit secara Umum (CRA)
Table of Qualitative Disclosure on General Credit Risk (CRA)


                                                            Analisis Kualitatif
                                                            Qualitative Analysis

  1.   Model bisnis Bank Mandiri Taspen tercermin dalam komponen              The Bank Mandiri Taspen business model is reflected in the credit
       profil Risiko Kredit Bank. Saat ini Bank Mandiri Taspen memiliki       risk profile component of the Bank. Currently, Bank Mandiri Taspen
       portofolio pada Kredit serta Surat Berharga. Dari sisi kredit, Bank    maintains a portfolio consisting of loans and securities. From the lending
       saat ini fokus pada bisnis pensiun. Selanjutnya pada portofolio        perspective, the Bank focuses on the pension business segment. In
       Surat Berharga, Bank memiliki Surat Berharga Negara (SBN) yang         addition, within its securities portfolio, the Bank holds Government
       memiliki risiko sangat rendah (risk free).                             Securities (SBN), which are considered to carry very low risk (risk-free).

       Berdasarkan segmen kredit, Bank fokus pada bisnis pensiun              Based on credit segments, the Bank primarily focuses on the
       dimana komposisi segmen pensiun terhadap total kredit sebesar          pension business, where the pension segment accounts for 98.61%
       98.61%. Berdasarkan portofolionya, sebagian besar portofolio           of total loans. In terms of portfolio composition, the majority of the
       Bank juga pada Kredit Pensiun & Pegawai sebesar 98.32%.                Bank’s portfolio is also concentrated in Pensioner and Employee
       Selanjutnya berdasarkan sektor ekonomi, sebesar 24.12% kredit          Loans at 98.32%. Furthermore, by economic sector, 24.12% of the
       Bank merupakan kredit dengan sektor ekonomi Rumah Tangga.              Bank’s loan portfolio is allocated to the Household sector.

       Kualitas portofolio yang dimiliki Bank sangat baik. Hal ini            The Bank’s portfolio quality remains strong, as reflected by a Non-
       ditunjukkan dengan besarnya NPL yang terjaga di angka 0.63%            Performing Loan (NPL) ratio of 0.63% and a Loan at Risk (LAR)
       dan LAR di angka 1.12%. Bank memiliki beberapa strategi yang           ratio of 1.12%. The Bank has implemented several risk mitigation
       dilakukan sebagai bentuk mitigasi risiko antara lain:                  strategies, including:
       - Bank telah melakukan monitoring secara harian, mingguan,             - The Bank has conducted daily, weekly, and monthly monitoring
          maupun bulanan atas portofolio kredit Bank yang disampaikan            of its loan portfolio, which is reported to Management.
          kepada Manajemen.
       - Bank secara rutin telah melakukan evaluasi atas profil debitur       - The Bank has routinely evaluated the profile of deceased debtors
          meninggal dunia sebagai acuan dalam melakukan evaluasi                as a reference in assessing the Risk Acceptance Criteria (RAC) of
          terhadap Risk Acceptance Criteria (RAC) produk perkreditan.           credit products.
       - Bank secara berkala melakukan evaluasi atas parameter                - The Bank periodically reviews health verification parameters to
          verifikasi Kesehatan tersebut agar semakin sensitif dalam             enhance the sensitivity of customer selection.
          melakukan seleksi nasabah.
       - Bank melakukan evaluasi pembentukan CKPN secara berkala,             - The Bank conducts periodic evaluations of Expected Credit
          selanjutnya membentuk tambahan pencadangan risiko yang                Loss (ECL) provisioning and establishes additional provisions to
          cukup untuk meng-cover portofolio yang berpotensi risiko tinggi.      adequately cover high-risk exposures.
       - Bank telah menetapkan Trigger Level terkait kualitas aset pada       - The Bank has established Trigger Levels related to asset quality
          risiko kredit.                                                        for credit risk.
       - Bank melakukan rekonsiliasi premi harian untuk memastikan data       - The Bank performs daily premium reconciliation to ensure
          penutupan pertanggungan sesuai antara bank dengan asuransi.           consistency of coverage data between the Bank and insurance
          Rekonsiliasi data klaim dilakukan secara bulanan disertai Berita      providers. Claim data reconciliation is conducted monthly with
          Acara (BA), selanjutnya Bank mengirimkan surat tagihan sesuai         formal minutes of meeting (MoM), followed by billing letters
          hasil rekonsiliasi kepada asuradur untuk memastikan seluruh           to insurers based on reconciliation results to ensure all claims
          klaim yang diajukan bank dapat dibayarkan.                            submitted by the Bank are duly paid.
       - Bank telah menambah rekanan asuransi jiwa baru sebagai               - The Bank has added new life insurance partners as part of a
          strategi agar penutupan asuransi tidak terkonsentrasi.                strategy to avoid concentration risk in insurance coverage.
       - Bank melakukan evaluasi atas kinerja keuangan asuradur secara        - The Bank conducts semi-annual evaluations of insurance
          semesteran melalui Tim Akreditasi Rekanan (TAR), untuk                partners’ financial performance through the Partner
          memastikan kesehatan keuangan asuradur dapat meng-cover               Accreditation Team (PAT) to ensure their financial soundness is
          risiko Bank.                                                          sufficient to cover the Bank’s risk exposure.
       - Bank juga melakukan Benchmark dengan Perusahaan Induk                - The Bank also conducts benchmarking with its Parent Company
          terkait evaluasi atas kinerja asuransi rekanan untuk mendorong        regarding insurance partner performance evaluation to
          percepatan penyelesaian klaim asuransi.                               accelerate claim settlement processes.




2025 Annual Report                                                                                                                           329
Page 330
Informasi Eksposur Risiko dan Permodalan
Risk Exposure and Capital Information




                                                              Analisis Kualitatif
                                                              Qualitative Analysis

  2.    Bank menetapkan Kebijakan Manajemen Risiko yang mencakup               The Bank has established a Risk Management Policy covering risk
        kegiatan identifikasi risiko, pengukuran risiko, pemantauan risiko     identification, risk measurement, risk monitoring, and risk control
        dan pengendalian risiko. Pengelolaan Risiko Kredit secara umum         activities. Credit Risk management is generally applied at both
        diterapkan pada tingkat transaksional maupun tingkat portofolio        transactional and portfolio levels, as follows
        sebagai berikut:

        A.   Pengelolaan Risiko Kredit pada Tingkat Transaksional              A. Credit Risk Management at Transactional Level
             Salah satu penerapan kebijakan manajemen risiko diterapkan           One of the implementations of the risk management policy
             saat pelaksanaan proses akuisisi kredit, yaitu implementasi          is applied during the credit acquisition process through the
             four-eyes principle. Penerapan prinsip tersebut adalah bahwa         implementation of the four-eyes principle. Under this principle,
             setiap proses pengambilan keputusan kredit melibatkan                each credit decision-making process involves both the
             business unit dan risk management unit secara independen             business unit and the risk management unit independently to
             untuk memperoleh keputusan yang obyektif, pada tahapan               ensure an objective decision. At this stage, both units conduct
             ini business unit dan risk management unit melakukan proses          credit risk identification for each managed account.
             identifikasi risiko kredit untuk setiap account yang dikelola.

             Mekanisme pengambilan keputusan kredit dilakukan melalui               The credit approval mechanism is conducted through the
             Rapat Komite Kredit (Credit Committee) menggunakan Nota                Credit Committee Meeting (Credit Committee) based on the
             Analisa Kredit (NAK) oleh pejabat Pemegang Kewenangan                  Credit Analysis Memorandum (CAM), executed by authorized
             Memutus Kredit dari business unit dan risk approval yang               credit approving officers from the business unit and risk
             memiliki kompetensi, kemampuan dan integritas. Bank juga               approval function, who possess the required competency,
             mengimplementasikan application scoring pada tools Loan                capability, and integrity. The Bank also implements application
             Origination System (LOS) untuk melakukan akuisisi kredit               scoring through the Loan Origination System (LOS) to support
             segmen mikro dan pensiunan.                                            credit acquisition for micro and pension segments.

             Bank secara periodik melakukan review terhadap ketentuan               The Bank periodically reviews credit provisions and product
             kredit & produk, menyusun Risk Acceptance Criteria (RAC) dan           frameworks, develops Risk Acceptance Criteria (RAC), and
             melakukan analisis risiko dari seluruh produk Bank.                    conducts risk analysis across all Bank products.

             Selanjutnya untuk meningkatkan kompetensi SDM para                     Furthermore, to enhance the competency of credit approving
             pejabat Pemegang Kewenangan Memutus Kredit, maka Bank                  officers, the Bank conducts structured assessment and
             dari sisi people development melakukan assesment & training            training programs as part of its people development initiative.
             dimana setiap pemilik limit kewenangan (pemutus kredit)                Each authorized credit approver must undergo a qualification
             harus melalui serangkaian proses yang telah dirancang untuk            process before being granted approval authority. This
             memperoleh kewenangan memutus kredit. Proses tersebut                  process begins with competency testing, followed by periodic
             dimulai dengan uji kompetensi, selanjutnya melakukan review            performance reviews of credit approvers based on the quality
             terhadap pemutus kredit dimana setiap pemutus kredit secara            of approved loans. The results of these reviews serve as
             periodik akan di-review untuk mengetahui kualitas debitur              the basis for increasing or revoking credit approval limits.
             yang sudah diberikan kredit. Hasil review tersebut juga akan           Accordingly, the credit granting process is carried out in a more
             menjadi dasar kenaikan limit kewenangan maupun pencabutan              comprehensive and prudent manner.
             limit kewenangan memutus kredit. Dengan demikian, proses
             pemberian kredit menjadi lebih komprehensif dan hati-hati.

        B.   Pengelolaan Risiko Kredit pada Tingkat Portofolio                 B.   Credit Risk Management at Portfolio Level
             Pada tingkat portofolio dilakukan proses pemantauan                    At the portfolio level, credit monitoring is conducted after loan
             portofolio kredit setelah kredit tersebut dicairkan. Monitoring        disbursement. Portfolio monitoring is carried out regularly as
             portofolio dilakukan secara rutin sebagai bentuk awareness             part of management awareness of credit risk management
             manajemen terhadap pengelolaan risiko kredit melalui forum             through the Risk Threshold Trigger and Action (RTTA) forum.
             Risk Threshold Trigger and Action (RTTA).

             Dalam rangka menjaga kualitas portofolio, Bank akan                    To maintain portfolio quality, the Bank implements a stop
             menerapkan kebijakan stop booking untuk produk kredit yang             booking policy for credit products with increasing risk levels.
             memiliki tingkat risiko yang cenderung meningkat. Selain itu           In addition, the Bank applies an exit strategy to prevent the
             Bank menerapkan strategi exit dalam rangka pencegahan                  increase of non-performing loans (NPL).
             peningkatkan NPL.

             Dalam rangka memenuhi ketentuan dalam Surat Edaran                     In compliance with Financial Services Authority (OJK) Circular
             Otoritas Jasa Keuangan, nomor 24 /SEOJK.03/2021 tentang                Letter No. 24/SEOJK.03/2021 regarding the calculation of Risk-
             Perhitungan Aset Tertimbang Menurut Risiko untuk Risiko                Weighted Assets (RWA) for credit risk using the Standardized
             Kredit dengan Menggunakan Pendekatan Standar bagi Bank                 Approach for Commercial Banks, the Bank has implemented
             Umum, bank telah melakukan perhitungan ATMR risiko kredit              RWA credit risk calculations using the Standardized Approach.
             dengan menggunakan pendekatan standar (Standardized
             Approach).

             Bank juga telah menetapkan limit appetite risiko kredit, dengan        The Bank has also established a credit risk appetite limit
             metode survey yang dilakukan berdasarkan data historis                 using a survey-based methodology derived from five years of
             5 tahun dituangkan dalam ketentuan internal bank yaitu                 historical data, which has been incorporated into the Bank’s
             Kebijakan Manajemen Risiko PT Bank Mandiri Taspen dan                  internal policy, namely the Risk Management Policy of PT Bank
             dimonitor secara bulanan.                                              Mandiri Taspen, and is monitored on a monthly basis.




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                                                                                                                         PT Bank Mandiri Taspen




                                                              Analisis Kualitatif
                                                              Qualitative Analysis

  3.   Pengelolaan manajemen risiko untuk Risiko Kredit diterapkan sesuai dengan Struktur Organisasi Manajamen Risiko sebagai berikut:
       Credit risk management is implemented in accordance with the Risk Management Organizational Structure as follows:


                                                       Direktorat Finance, Risk & Operations
                                                              Divisi Risk Management



                                                                 Finance, Risk & Operations




                                                                        Risk Management




                                                    Market, Liquidity Risk &                                             IT, Product Delivery &
                 Credit & Portfolio Risk                                                 Operational Risk
                                                        Data Analytics                                                         Fraud Risk




                                                        Asset & Liabilities                   Business &                       IT & Product
                         Credit Risk
                                                          Management                          Technology                       Delivery Risk



                       Enterprise Risk                                                       Operations &                         Digital
                                                           Data Analyst
                        Management                                                             Support                        Transformation



                                                           Middle Office                                                         Fraud Risk



                          Pelaksana                         Pelaksana                         Pelaksana                          Pelaksana
                           Executor                          Executor                          Executor                           Executor



                  Directorat             Division             Department             Team



       Sesuai dengan struktur organisasi tersebut, saat ini Divisi Risk        Based on the organizational structure, the Risk Management
       Management memiliki 4 (empat) Departemen yang fokus pada                Division currently consists of four (4) departments, each focusing
       tugas dan tanggungjawab masing-masing, yaitu terdiri dari               on its respective duties and responsibilities, namely the Credit &
       Departemen Credit & Portfolio Risk, Departemen Market, Liquidity        Portfolio Risk Department, Market, Liquidity Risk & Data Analytics
       Risk & Data Analytics, Departemen Operational Risk, serta               Department, Operational Risk Department, and IT, Product
       Departemen IT, Produk Delivery & Fraud Risk.                            Delivery & Fraud Risk Department.

       Dalam pengelolaan manajemen risiko untuk Risiko Kredit juga             Within credit risk management, there is also a Procedure Review
       terdapat fungsi Procedure Review yaitu tim yang berperan aktif          function, which serves as an active team responsible for reviewing
       sebagai reviewer atas ketentuan-ketentuan terkait perkreditan           credit-related policies and provisions established by Bank Mandiri
       yang ditetapkan oleh Bank Mandiri Taspen.                               Taspen.

       Dalam rangka memperoleh gambaran risiko secara menyeluruh               In order to obtain a comprehensive and continuous risk overview,
       dan berkelanjutan, Bank Mandiri Taspen menyusun Laporan Profil          Bank Mandiri Taspen prepares a Risk Profile Report that reflects
       Risiko yang menggambarkan risiko yang melekat dalam kegiatan            inherent risks in the Bank’s business activities and the quality of
       bisnis bank (inherent risk) dan kualitas penerapan manajemen            risk management implementation (KPMR) across eight (8) types of
       risiko (KPMR) untuk 8 (delapan) jenis risiko (risiko kredit, pasar,     risk, namely credit, market, operational, liquidity, legal, strategic,
       operasional, likuiditas, hukum, strategi, reputasi dan kepatuhan).      reputational, and compliance risk. The preparation of this report
       Dalam penyusunannya melibatkan seluruh unit kerja yang tugas            involves all work units whose duties and responsibilities have
       dan tanggungjawabnya telah diatur dalam Surat Keputusan Group           been defined under the Group-in-Charge Decree. The Group-in-
       in Charge. Group in Charge melakukan evaluasi atas Metode Self          Charge performs an evaluation of the Risk Profile Self-Assessment
       Assesment penilaian Profil Risiko, dimana hasil evaluasi tersebut       methodology, and the results of such evaluation serve as the basis
       akan dijadikan sebagai dasar penilaian profil risiko 1 tahun kedepan.   for the risk profile assessment for the subsequent one-year period.
       Penetapan penilaian risiko mengacu kepada rule rating yang telah        The risk rating determination is based on an established rating
       ditetapkan, adapun metode yang digunakan dalam penyusunan               rule, where the Risk-Based Bank Rating (RBBR) methodology
       rule rating RBBR menggunakan analisia data historis dan peers           incorporates historical data analysis, peer comparison
       (perusahaan pesaing), maupun expert judgement yang diyakini             (benchmarking against peer institutions), and expert judgment,
       memberikan hasil perhitungan yang lebih detail.                         which is considered to provide a more comprehensive and detailed
                                                                               assessment.




2025 Annual Report                                                                                                                         331
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Informasi Eksposur Risiko dan Permodalan
Risk Exposure and Capital Information




                                                             Analisis Kualitatif
                                                             Qualitative Analysis



                                                                        Risk
                                                                      Oversight
             DEWAN
            KOMISARIS                  PEMANTAU RISIKO, REMUNERASI
            BOARD OF                          DAN NOMINASI
          COMMISSIONERS                                                                     AUDIT COMMITTEE
                                      MONITORING RISK, REMUNERATION
                                            AND NOMINATION


                                                            Risk Policy & Management
             DEWAN DIREKSI                                                                                                   INTERNAL
               EXECUTIVE               Komite Manajemen Risiko (KMR) - Dir. FRO              Pengelolaan Risiko             AUDIT UNIT
                                     Risk Management Committee (RMC) - Dir. FRO              Risk Management
               COMMITTEE                                                                                                     INTERNAL
               BOARD OF                                                                                                     AUDIT UNIT
               DIRECTORS            Komite Kebijakan Perkreditan (KPR) - Dir. Utama      Kredit dan Penetapan Limit
                                      Credit Policy Committee (CPC) - Dir. Utama          Credit and Setting Limits
               EXECUTIVE
               COMMITTEE
                                     Asset Liabilities Committee (ALC) - Dir. Utama
                                                                                              Pricing & Likuidity
                                     Asset Liabilities Committee (ALC) - Dir. Utama


                                           Risk Identification, Measurement, Mitigation, Control
           UNIT BISNIS,
         SEGMEN, PRODUK,
            WILAYAH                    BUSINESS UNIT                   RISK UNIT                  COMPLIANCE
          BUSINESS UNIT,
            SEGMENT,                        Risk                         Risk                                                Independent
            PRODUCT,                       Taking                       Control                   Compliance                  Assurance
             REGION



        Bank Mandiri Taspen juga menerapkan pengelolaan manajemen             Bank Mandiri Taspen also implements comprehensive credit risk
        risiko untuk Risiko Kredit secara menyeluruh, yang ikut melibatkan    management, involving both the Board of Commissioners and the
        jajaran Dewan Komisaris serta Dewan Direksi dalam pelaksanaan         Board of Directors in the supervisory function.
        fungsi pengawasan.

  4.    Hubungan antara fungsi manajemen Risiko Kredit, pengendalian          The relationship between Credit Risk management, risk control,
        risiko, kepatuhan, dan audit internal tercermin dalam penerapan       compliance, and internal audit functions is reflected in the
        pendekatan Three Lines of Defense. Hal ini merupakan upaya            implementation of the Three Lines of Defense approach. This
        dalam peningkatan efektivitas proses manajemen risiko kredit dan      serves as an effort to enhance the effectiveness of the credit risk
        budaya manajemen risiko ke seluruh jajaran organisasi Bank, yang      management process and embed a risk management culture across
        dapat dilihat pada gambar berikut:                                    all levels of the Bank’s organization, as illustrated below:




                      3rd line of Defense                                             Internal
                                                                                       Audit



                                                                              Risk Management;
                      2nd line of Defense
                                                                                 Compliance
                                                                            Risk Business Control;



                      1st line of Defense
                                                                     All Business Units / Front liners




       332                                                                                                                 Laporan Tahunan 2025
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                                                                                                                     PT Bank Mandiri Taspen




                                                          Analisis Kualitatif
                                                          Qualitative Analysis

       A.   Pemilik Risiko (Risk Owner) / All Business Units               A. Risk Owner / All Business Units
            Unit yang melakukan aktivitas operasional dan bisnis Bank,        Units conducting the Bank’s operational and business activities
            berada di garis depan dan bertindak sebagai pertahanan lapis      serve as the frontline and act as the first line of defense.
            pertama.

            Unit ini diharapkan memastikan adanya lingkungan                    These units are expected to ensure a conducive control
            pengendalian yang kondusif, menerapkan kebijakan                    environment, fully implement established risk management
            manajemen risiko yang telah ditetapkan secara penuh                 policies with due consideration of risk factors in all decisions
            kesadaran dengan mempertimbangkan faktor risiko dalam               and actions, and demonstrate effective internal controls,
            keputusan dan tindakan yang dilakukan, serta mampu                  monitoring, and transparency over the effectiveness of such
            menunjukkan adanya pengendalian internal yang efektif,              controls.
            pemantauan & transparansi terhadap efektivitas pengendalian
            internal tersebut.

       B.   Satuan Kerja Manajemen Risiko (SKMR), Satuan Kerja             B.   Risk Management Work Unit (SKMR), Compliance Work Unit
            Kepatuhan (SKK) dan Unit Kerja Risk Business Control                (SKK), and Risk Business Control Unit
            Pertahanan lapis kedua di mana unit ini diharapkan untuk            These functions represent the second line of defense,
            bertanggung jawab dalam mengembangkan dan memantau                  responsible for developing and monitoring the overall
            implementasi manajemen risiko dan kepatuhan Bank secara             implementation of the Bank’s risk management and compliance
            keseluruhan serta melakukan pengawasan, pemantauan, dan             framework, as well as performing oversight, monitoring, and
            pelaporan risiko-risiko Bank.                                       reporting of the Bank’s risk exposures.

       C.   Satuan Kerja Audit Intern (SKAI)                               C.   Internal Audit Work Unit (SKAI)
            Pertahanan lapis ketiga yang bersifat independen terhadap           This function represents the third line of defense and operates
            fungsi-fungsi lainnya dan diharapkan melakukan review dan           independently from other functions. It is responsible for
            evaluasi terhadap aktivitas operasional dan bisnis Bank dan         reviewing and evaluating the Bank’s operational and business
            implementasi risiko secara keseluruhan serta memastikan             activities, as well as overall risk implementation, and ensuring
            bahwa pertahanan lapis pertama dan kedua berjalan sesuai            that both the first and second lines of defense operate in
            dengan ketentuan yang berlaku.                                      accordance with applicable regulations.

  5.   Dalam menjalankan fungsi pengawasan Dewan Direksi dan Dewan         In carrying out the supervisory function of the Board of Directors
       Komisaris, Bank memiliki media pelaporan sebagai berikut:           and the Board of Commissioners, the Bank has established the
                                                                           following reporting channels:

       A.   Komite Pemantau Risiko                                         A.   Risk Monitoring Committee
            Komite Pemantau Risiko berfungsi sebagai media pelaporan            The Risk Monitoring Committee serves as a reporting platform
            informasi-informasi terkait perkembangan perkreditan Bank           for information related to the development of the Bank’s
                                                                                lending activities.

                                                                           B.   Risk Management Committee
       B.   Komite Manajemen Risiko                                             The Risk Management Committee serves as a reporting
            Komite Manajemen Risiko berfungsi sebagai media pelaporan           platform for information related to the development of lending
            informasi-informasi terkait perkembangan perkreditan serta          activities and also reports on the credit risk profile.
            dilaporkan juga terkait profil risiko kredit.
                                                                           C.   Risk Threshold Trigger and Action (RTTA)
       C.   Risk Threshold Trigger and Action (RTTA)                            The Risk Threshold Trigger and Action (RTTA) is a forum used
            Risk Threshold Trigger and Action (RTTA) merupakan                  to discuss credit risk identification, measurement, monitoring,
            forum untuk membahas aktivitas identifikasi, pengukuran,            and control activities, conducted on a monthly basis. The
            pemantauan, dan pengendalian terhadap risiko kredit yang            forum establishes key significant parameters that may impact
            dilakukan secara bulanan dengan menetapkan beberapa                 the credit portfolio.
            parameter yang signifikan yang dapat berdampak terhadap
            portofolio kredit.
                                                                           D.   Credit Portfolio Quality Dashboard
       D.   Dashboard Kualitas Portofolio Kredit                                The Credit Portfolio Quality Dashboard is a reporting tool in
            Dashboard Kualitas Portofolio Kredit merupakan media                the form of a dashboard that is delivered on a daily, weekly, and
            pelaporan berupa dashboard yang dilakukan secara harian,            monthly basis to the Board of Directors to monitor the quality
            mingguan bulanan kepada direksi, untuk memonitor kualitas           of the credit portfolio.
            portofolio kredit.




2025 Annual Report                                                                                                                     333
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Informasi Eksposur Risiko dan Permodalan
Risk Exposure and Capital Information




Pengungkapan Kualitas Kredit Atas Aset (CR1)
Disclosure of Credit Quality of Assets (CR1)

Tabel Pengungkapan Kualitas Kredit atas Aset (CR1)
Table of Disclosure of Credit Quality of Assets (CR1)

Bank secara Individu
                                                                                                                   (dalam jutaan rupiah / in IDR million)


                                                                                                 CKPN
                                       Nilai Tercatat Bruto                                                            CKPN
                                                                         CKPN           Allowance for Impairment
                                      Gross Carrying Amount                                                        (Pendekatan
                                                                       Allowance             Losses (CKPN)                             Nilai Bersih
                                                                                                                        IRB)
                                                                           for                                                           (a+b-c)
                                                                                                                   Allowance for
                              Tagihan yang Telah   Tagihan yang Belum Impairment      Stage 2 dan                   Impairment
                                                                                                                                       Net Value (a
                                 Jatuh Tempo          Jatuh Tempo       Losses          Stage 3        Stage 1                           + b - c)
                                                                                                                   Losses (IRB
                                   Past Due           Not Past Due      (CKPN)        Stage 2 and      Stage 1       Approach)
                                  Receivables          Receivable                       Stage 3

                                      a                    b                  c             d             e                f                   g


         Kredit
 1                                 317,632               50,213,084        770,429       212,653       557,776            -              49,760,286
         Loans

         Surat Berharga
 2                                        -          12,424,901,319               -             -             -           -              12,424,901
         Securities

         Transaksi Rekening
         Administratif
         Off-Balance Sheet
 3                                        -                    1,137              -             -             -           -                    1,137
         Transactions
         (Administrative
         Accounts)

 4       Total                     317,632               62,639,122        770,429       212,653       557,776            -             62,186,324




Pengungkapan Mutasi Kredit dan Surat Berharga yang Telah Jatuh Tempo (CR2)
Disclosure of Changes in Overdue Loans and Securities (CR2)

Tabel Pengungkapan Mutasi Kredit dan Surat Berharga yang Telah Jatuh Tempo (CR2)
Table of Disclosure of Changes in Overdue Loans and Securities (CR2)

Bank secara Individu
                                                                                                                   (dalam jutaan rupiah / in IDR million)



                                                                                                                                       a

            Kredit dan Surat Berharga yang Telah Jatuh Tempo pada periode pelaporan terakhir
     1                                                                                                                              248,136
            Loans and Securities Past Due at the end of the last reporting period

            Kredit dan Surat Berharga yang Telah Jatuh Tempo sejak periode pelaporan terakhir
     2                                                                                                                              311,902
            Loans and Securities that became Past Due since the last reporting period

            Kredit dan Surat Berharga yang kembali menjadi tagihan yang belum jatuh tempo
     3                                                                                                                               11,585
            Loans and Securities that have returned to Not Past Due status

            Nilai hapus buku
     4                                                                                                                              143,033
            Write-offs

            Perubahan lain
     5                                                                                                                              (87,789)
            Other changes

            Kredit dan Surat Berharga yang Telah Jatuh Tempo pada akhir periode pelaporan
     6      (1+2-3-4+5)                                                                                                             317,632
            Loans and Securities Past Due at the end of the reporting period (1 + 2 - 3 - 4 + 5)




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                                                                                                                        PT Bank Mandiri Taspen




Pengungkapan Kuantitatif Terkait Teknik MRK (CR3)
Quantitative Disclosure Related to CRM Techniques (CR3)

Tabel Pengungkapan Kuantitatif terkait Teknik MRK (CR3)
Table of Quantitative Disclosure Related to CRM Techniques (CR3)

Bank secara Individu
                                                                                                                      (dalam jutaan rupiah / in IDR million)



                                                                                                            Tagihan yang
                                                                                                           Dijamin dengan
                                         Tagihan yang
                                                             Tagihan yang                                      Garansi,               Tagihan yang
                                         Tidak Dijamin                              Tagihan yang
                                                            Dijamin dengan                                   Penjaminan              Dijamin dengan
                                         dengan Teknik                             Dijamin dengan
                                                              Teknik MRK                                       dan/atau              Derivatif Kredit
                                             MRK                                       Agunan
                                                              Receivables                                  Asuransi Kredit             Receivables
                                          Receivables                                Receivables
                                                                Covered                                      Receivables                 Covered
                                          Not Covered                                Secured by
                                                                by CRM                                       Covered by                  by Credit
                                            by CRM                                    Collateral
                                                              Techniques                                     Guarantees,               Derivatives
                                          Techniques
                                                                                                           Sureties, and/or
                                                                                                           Credit Insurance

                                                  a                    b                      c                   d                          e

     Kredit
 1                                           49,686,164            74,122                     -                   -                           -
     Loans

     Surat Berharga
 2                                       12,424,901,319                -                      -                   -                           -
     Securities

 3   Total                                   62,111,065            74,122                     -                   -                           -

     Kredit dan Surat Berharga yang
 4   Telah Jatuh Tempo                            317,632              -                      -                   -                           -
     Loans and Securities Past Due




Pengungkapan Eksposur Risiko Kredit dan Dampak Teknik MRK (CR4)
Disclosure of Credit Risk Exposures and the Impact of CRM Techniques (CR4)

Tabel Pengungkapan Eksposur Risiko Kredit dan Dampak Teknik MRK (CR4)
Table of Disclosure of Credit Risk Exposures and the Impact of CRM Techniques (CR4)

Bank secara Individu
                                                                                                                      (dalam jutaan rupiah / in IDR million)


                                           Tagihan Bersih Sebelum            Tagihan Bersih Setelah
                                        Penerapan FKK dan Teknik MRK penerapan FKK dan Teknik MRK                 ATMR dan Rata-Rata Bobot
                                              Net Exposures Before       Net Exposures After Application                    Risiko
                                        Application of Credit Conversion   of Credit Conversion Factor            Risk-Weighted Assets (RWA)
                                          Factor (CCF) and Credit Risk   (CCF) and Credit Risk Mitigation           and Average Risk Weight
                                          Mitigation (CRM) Techniques           (CRM) Techniques

        Kategori Portofolio
                                        Laporan Posisi                      Laporan Posisi                                               Rata-Rata
        Portfolio Categories
                                          Keuangan                            Keuangan                                                  Bobot Risiko
                                          Statement                           Statement                                                   (e/(c+d))
                                                             TRA                                  TRA                 ATMR
                                          of Financial                        of Financial                                              Average Risk
                                            Position                            Position                                                Weight (e / (c
                                        (Balance Sheet)                     (Balance Sheet)                                                 + d))

                                              a                b                  c                d                     e                        f


     Tagihan kepada Pemerintah
 1                                       20,248,468                -         20,248,468                -                         -                0%
     Claims on Governments

     Tagihan kepada Entitas Sektor
 2   Publik                                           -            -                    -              -                         -                0%
     Claims on Public Sector Entities




2025 Annual Report                                                                                                                            335
Page 336
Informasi Eksposur Risiko dan Permodalan
Risk Exposure and Capital Information




                                            Tagihan Bersih Sebelum            Tagihan Bersih Setelah
                                         Penerapan FKK dan Teknik MRK penerapan FKK dan Teknik MRK           ATMR dan Rata-Rata Bobot
                                               Net Exposures Before       Net Exposures After Application              Risiko
                                         Application of Credit Conversion   of Credit Conversion Factor      Risk-Weighted Assets (RWA)
                                           Factor (CCF) and Credit Risk   (CCF) and Credit Risk Mitigation     and Average Risk Weight
                                           Mitigation (CRM) Techniques           (CRM) Techniques

        Kategori Portofolio
                                         Laporan Posisi                   Laporan Posisi                                     Rata-Rata
        Portfolio Categories
                                           Keuangan                         Keuangan                                        Bobot Risiko
                                           Statement                        Statement                                         (e/(c+d))
                                                              TRA                               TRA            ATMR
                                           of Financial                     of Financial                                    Average Risk
                                             Position                         Position                                      Weight (e / (c
                                         (Balance Sheet)                  (Balance Sheet)                                       + d))

                                               a                b                c                d              e                f


     Tagihan kepada Bank
     Pembangunan Multilateral dan
     Lembaga Internasional
 3                                                   -              -                 -               -                -           0%
     Claims on Multilateral
     Development Banks and
     International Institutions

     Tagihan kepada Bank
 4                                             74,756               -           74,756                -          14,951          20%
     Claims on Banks

     Tagihan kepada Perusahaan
     Efek dan Lembaga Jasa
     Keuangan Lain 1)
                                                     -              -                 -               -                -           0%
     Claims on Securities Companies
     and Other Financial Services
     Institutions 1)

     Tagihan berupa Covered Bond
 5                                                   -              -                 -               -                -           0%
     Covered Bond Exposures

     Tagihan kepada Korporasi -
     Eksposur Korporasi Umum 2)
 6                                             98,752               -           98,752                -          98,752         100%
     Corporate Exposures – General
     Corporate Exposures 2)

     Tagihan kepada perusahaan
     efek dan lembaga jasa keuangan
     lain 3)
                                                     -              -                 -               -                -           0%
     Claims on Securities Companies
     and Other Financial Services
     Institutions 3)

     Eksposur Pembiayaan Khusus 4)
     Specialised Lending Exposures                   -              -                 -               -                -           0%
     4)

     Tagihan berupa Surat Berharga/
     Piutang Subordinasi, Ekuitas,
 7   dan Instrumen Modal Lainnya                     -              -                 -               -                -           0%
     Subordinated Debt, Equity, and
     Other Capital Instruments

     Tagihan kepada Usaha Mikro,
     Usaha Kecil, dan Portofolio Ritel
 8                                        10,904,181          1,137         10,830,059           455          8,122,885          75%
     Claims on Micro, Small
     Enterprises and Retail Portfolios




     336                                                                                                              Laporan Tahunan 2025
Page 337
                                                                                                                PT Bank Mandiri Taspen




                                           Tagihan Bersih Sebelum            Tagihan Bersih Setelah
                                        Penerapan FKK dan Teknik MRK penerapan FKK dan Teknik MRK           ATMR dan Rata-Rata Bobot
                                              Net Exposures Before       Net Exposures After Application              Risiko
                                        Application of Credit Conversion   of Credit Conversion Factor      Risk-Weighted Assets (RWA)
                                          Factor (CCF) and Credit Risk   (CCF) and Credit Risk Mitigation     and Average Risk Weight
                                          Mitigation (CRM) Techniques           (CRM) Techniques

         Kategori Portofolio
                                        Laporan Posisi                   Laporan Posisi                                    Rata-Rata
         Portfolio Categories
                                          Keuangan                         Keuangan                                       Bobot Risiko
                                          Statement                        Statement                                        (e/(c+d))
                                                             TRA                               TRA            ATMR
                                          of Financial                     of Financial                                   Average Risk
                                            Position                         Position                                     Weight (e / (c
                                        (Balance Sheet)                  (Balance Sheet)                                      + d))

                                              a                b                c                d              e               f


      Kredit Beragun Properti
 9                                                  -              -                 -               -               -           0%
      Property-Backed Loans

      Kredit Beragun Properti Rumah
      Tinggal yang Pembayarannya
      Tidak Bergantung Secara
      Material pada Arus Kas Properti         51,279               -           51,279                -          16,969         33%
      Residential Property-Backed
      Loans not materially dependent
      on property cash flows

      Kredit Beragun Properti Rumah
      Tinggal yang Pembayarannya
      Bergantung Secara Material
      pada Arus Kas Properti                        -              -                 -               -               -           0%
      Residential Property-Backed
      Loans materially dependent on
      property cash flows

      Kredit Beragun Properti
      Komersial yang Pembayarannya
      Tidak Bergantung Secara
      Material pada Arus Kas Properti               -              -                 -               -               -           0%
      Commercial Property-Backed
      Loans not materially dependent
      on property cash flows

      Kredit Beragun Properti
      Komersial yang Pembayarannya
      Bergantung Secara Material
      pada Arus Kas Properti                        -              -                 -               -               -           0%
      Commercial Property-Backed
      Loans materially dependent on
      property cash flows

      Kredit Pengadaan Tanah,
      Pengolahan Tanah, dan
      Konstruksi                                    -              -                 -               -               -           0%
      Land Acquisition, Development,
      and Construction Financing

      Tagihan yang Telah Jatuh Tempo
 10                                          160,459               -          160,459                -         160,211        100%
      Past Due Exposures

      Aset Lainnya
 11                                        1,050,744               -        1,050,744                -         897,751         85%
      Other Assets

 12   Total                              32,588,639          1,137         32,514,517           455          9,311,520         29%




2025 Annual Report                                                                                                            337
Page 338
Informasi Eksposur Risiko dan Permodalan
Risk Exposure and Capital Information




Pengungkapan Eksposur Berdasarkan Kelas Aset dan Bobot Risiko (CR5)
Disclosure of Exposures by Asset Class and Risk Weight (CR5)

Tabel Pengungkapan Eksposur berdasarkan Kelas Aset dan Bobot Risiko (CR5)
Table of Disclosure of Exposures by Asset Class and Risk Weight (CR5)

Bank secara Individu
                                                                                                                              (dalam jutaan rupiah / in IDR million)


      Kategori                                                                                                          Tagihan Bersih Setelah FKK dan
     Portofolio                                                                                               Lainnya             Teknik MRK
                           0%                 20%              50%                100%            150%
      Portfolio                                                                                               Others    Net Exposure After Application of
     Categories                                                                                                             CCF and CRM Techniques


     Tagihan kepada
     Pemerintah
 1                      20,248,468             -                -                  -                  -          -                  20,248,468
     Claims on
     Governments




      Kategori                                                                                                          Tagihan Bersih Setelah FKK dan
     Portofolio                                                                                               Lainnya             Teknik MRK
                               20%                  50%               100%                       150%
      Portfolio                                                                                               Others    Net Exposure After Application of
     Categories                                                                                                             CCF and CRM Techniques


     Tagihan kepada
     Entitas Sektor
 2   Publik                     -                    -                    -                       -              -                        -
     Claims on Public
     Sector Entities




      Kategori                                                                                                          Tagihan Bersih Setelah FKK dan
     Portofolio                                                                                               Lainnya             Teknik MRK
                          0%          20%                30%         50%               100%           150%
      Portfolio                                                                                               Others    Net Exposure After Application of
     Categories                                                                                                             CCF and CRM Techniques


     Tagihan
     kepada Bank
     Pembangunan
     Multilateral
     dan Lembaga
     Internasional
 3
     Claims on
                           -              -               -           -                  -                -      -                        -
     Multilateral
     Development
     Banks and
     International
     Institutions




      Kategori                                                                                                          Tagihan Bersih Setelah FKK dan
     Portofolio                                                                                               Lainnya             Teknik MRK
                        20%          30%           40%         50%        75%            100%         150%
      Portfolio                                                                                               Others    Net Exposure After Application of
     Categories                                                                                                             CCF and CRM Techniques


     Tagihan kepada
 4   Bank               74,756        -             -           -             -              -            -      -                     74,756
     Claims on Banks

     Tagihan kepada
     Perusahaan Efek
     dan Lembaga
     Jasa Keuangan
     Lain 1)
     Claims on            -           -             -           -             -              -            -      -                        -
     Securities
     Companies and
     Other Financial
     Services
     Institutions 1)




     338                                                                                                                               Laporan Tahunan 2025
Page 339
                                                                                                                                             PT Bank Mandiri Taspen




      Kategori                                                                                                                       Tagihan Bersih Setelah FKK dan
     Portofolio                                                                                                     Lainnya                    Teknik MRK
                         10%                15%        20%              25%       35%       50%            100%
      Portfolio                                                                                                     Others           Net Exposure After Application of
     Categories                                                                                                                          CCF and CRM Techniques


     Tagihan berupa
     Covered Bond
 5                            -              -            -              -            -         -              -          -                          -
     Covered Bond
     Exposures




                                                                                                                                          Tagihan Bersih Setelah FKK
      Kategori
                                                                                                                                                dan Teknik MRK
     Portofolio                                                                                                               Lainnya
                         20%           50%       65% 5)           75%    80%      85%     100%        130%         150%                       Net Exposure After
      Portfolio                                                                                                               Others
                                                                                                                                          Application of CCF and CRM
     Categories
                                                                                                                                                  Techniques


     Tagihan kepada
     Korporasi
     Umum 2)
     Corporate
 6                        -             -          -               -         -        -   98,752           -        -            -                   98,752
     Exposures
     – General
     Corporate
     Exposures 2)

     Tagihan kepada
     perusahaan efek
     dan lembaga
     jasa keuangan
     lain 3)
     Claims on            -             -          -               -                  -     -                       -            -                       -
     Securities
     Companies and
     Other Financial
     Services
     Institutions 3)

     Eksposur
     Pembiayaan
     Khusus 4)
                          -             -                          -         -              -              -        -            -                       -
     Specialised
     Lending
     Exposures 4)




      Kategori                                                                                                                       Tagihan Bersih Setelah FKK dan
     Portofolio                                                                                                     Lainnya                    Teknik MRK
                                  100%                 150%                      250%               400% 5)
      Portfolio                                                                                                     Others           Net Exposure After Application of
     Categories                                                                                                                          CCF and CRM Techniques


     Tagihan berupa
     Surat Berharga/
     Piutang
     Subordinasi,
     Ekuitas, dan
 7   Instrumen Modal               -                          -                   -                    -                  -                          -
     Lainnya
     Subordinated
     Debt, Equity, and
     Other Capital
     Instruments




2025 Annual Report                                                                                                                                            339
Page 340
Informasi Eksposur Risiko dan Permodalan
Risk Exposure and Capital Information




      Kategori                                                                                                   Tagihan Bersih Setelah FKK dan
     Portofolio                                                                                  Lainnya                   Teknik MRK
                               45%                  75%           85%              100%
      Portfolio                                                                                  Others          Net Exposure After Application of
     Categories                                                                                                      CCF and CRM Techniques


     Tagihan kepada
     Usaha Mikro,
     Usaha Kecil, dan
     Portofolio Ritel
 8                              -             10,061,624            -               -                 -                       9,940,952
     Claims on
     Micro, Small
     Enterprises and
     Retail Portfolios




               Kategori Portofolio
                                                          0% 5)   20%      25%          30%      35%       40%          45%        50%      60%
               Portfolio Categories



     Kredit Beragun Properti
 9                                                          -     12,453   6,261        12,381    -        9,392          -        10,561      -
     Property-Backed Loans

     Kredit Beragun Properti Rumah Tinggal yang
     Pembayarannya Tidak Bergantung Secara
     Material pada Arus Kas Properti                        -     12,453   6,261        12,381             9,392                   10,561
     Residential Property-Backed Loans not materially
     dependent on property cash flows

           tanpa pendekatan pembagian kredit5)
                                                            -       -        -            -                  -                       -
           without credit segmentation approach 5)

        dengan menggunakan pendekatan
        pembagian kredit (dijamin)5)
                                                                    -
        with credit segmentation approach (secured)
        5)

        dengan menggunakan pendekatan
        pembagian kredit (dijamin)5)
                                                            -       -                     -                  -                       -
        with credit segmentation approach (secured)
        5)

     Kredit Beragun Properti Rumah Tinggal yang
     Pembayarannya Bergantung Secara Material
     pada Arus Kas Properti                                                               -       -                       -                    -
     Residential Property-Backed Loans materially
     dependent on property cash flows

     Kredit Beragun Properti Komersial yang
     Pembayarannya Tidak Bergantung Secara
     Material pada Arus Kas Properti                        -       -                     -                  -                       -         -
     Commercial Property-Backed Loans not
     materially dependent on property cash flows

           tanpa pendekatan pembagian kredit5)
                                                            -       -                     -                  -                       -         -
           without credit segmentation approach 5)

        dengan menggunakan pendekatan
        pembagian kredit (dijamin)5)
                                                                                                                                               -
        with credit segmentation approach (secured)
        5)

        dengan menggunakan pendekatan
        pembagian kredit ( dijamin)5)
                                                            -       -                     -                  -                       -
        with credit segmentation approach (secured)
        5)

     Kredit Beragun Properti Komersial yang
     Pembayarannya Bergantung Secara Material
     pada Arus Kas Properti
     Commercial Property-Backed Loans materially
     dependent on property cash flows

     Kredit Pengadaan Tanah, Pengolahan Tanah,
     dan Konstruksi5)
     Land Acquisition, Development, and Construction
     Financing 5)




     340                                                                                                                       Laporan Tahunan 2025
Page 341
                                                                                     PT Bank Mandiri Taspen




                                                                             Tagihan Bersih Setelah FKK dan
                                                                   Lainnya             Teknik MRK
 65%5)     70%       75%   85%   90%   100%   105%   110%   150%
                                                                   Others    Net Exposure After Application of
                                                                                 CCF and CRM Techniques


    -       231       -     -     -     -      -      -      -        -                   51,279




    -       231       -     -           -                    -        -                   51,279




    -        -        -     -           -                    -        -                      -




                                                                      -                      -




    -                 -     -           -                    -        -                      -




    -                 -                        -             -        -                      -




    -                 -     -           -                    -        -                      -




                                                                      -                      -




                                                                      -                      -




    -                 -     -           -                    -        -                      -




             -                    -                   -      -        -                      -




                                        -                    -        -                      -




2025 Annual Report                                                                                    341
Page 342
Informasi Eksposur Risiko dan Permodalan
Risk Exposure and Capital Information




                                                                                                            Tagihan Bersih Setelah FKK dan
 Kategori Portofolio
                                                                                       Lainnya                        Teknik MRK
      Portfolio                50%               100%               150%
                                                                                       Others               Net Exposure After Application of
     Categories
                                                                                                                CCF and CRM Techniques


       Tagihan yang
       Telah Jatuh
 10    tempo                   769.00          159,417.00           273.00                -                            160,459.00
       Past Due
       Exposures




                                                                                                            Tagihan Bersih Setelah FKK dan
 Kategori Portofolio
                                                                                              Lainnya                 Teknik MRK
      Portfolio            0%           20%        100%        150%          1250%5)
                                                                                              Others        Net Exposure After Application of
     Categories
                                                                                                                CCF and CRM Techniques


       Aset Lainnya
 11                    137,382.00        -        879,577.00    -                -               -                    1,016,959.00
       Other Assets




                                         Tagihan Bersih                                                                 Tagihan Bersih
                                                                 Tagihan Bersih
                                         Laporan Posisi                                                               (Setelah pengenaan
                                                                 TRA (sebelum
                                            Keuangan                                                                    FKK dan Teknik
               Bobot Risiko                                     pengenaan FKK)                Rata-Rata FKK
 No                                       Net Exposure                                                                       MRK)
               Risk Weight                                     Net Exposure (TRA)             Average of CCF
                                          – Statement of                                                               Net Exposure (after
                                                                before application
                                        Financial Position                                                             application of CCF
                                                                     of CCF
                                         (Balance Sheet)                                                              and CRM techniques)

  1     < 40%                                 20,491,701                     -                          -                    20,491,701

  2     40% -70%                                 20,953                      -                          -                           20,953

  3     75%                                   10,904,181                1,137                        40%                     10,904,636

  4     85%                                             -                    -                          -                                -

  5     90% -100%                              1,137,746                     -                       40%                      1,137,746

  6     105% -130%                                      -                    -                          -                                -

  7     150%                                         273                     -                          -                             273

  8     250%                                            -                    -                          -                                -

  9     400%                                            -                    -                          -                                -

  10    1250%                                           -                    -                          -                                -

        Total Tagihan Bersih
  11                                          32,554,854                1,137                           -                    32,555,309
        Total Net Exposures




       342                                                                                                               Laporan Tahunan 2025
Page 343
                                                                                                                    PT Bank Mandiri Taspen




Pengungkapan Tambahan Terkait Kualitas Kredit atas Aset (CRB)
Additional Disclosure Related to Credit Quality of Assets (CRB)

Pengungkapan Tambahan terkait Kualitas Kredit atas Aset (CRB)
Additional Disclosure Related to Credit Quality of Assets (CRB)


                                                           Analisis Kualitatif
                                                           Qualitative Analysis

  1.   Bank mendefinisikan “Tagihan yang Telah Jatuh Tempo” dan             The Bank defines “Past Due Receivables” and “Impaired
       "Tagihan yang Mengalami Penurunan Nilai" sesuai dengan SEOJK         Receivables” in accordance with SEOJK No. 24/SEOJK.03/2021 as
       no 24/SEOJK.03.2021 sebagai berikut:                                 follows:
       a. Tagihan yang Telah Jatuh Tempo adalah tagihan yang telah jatuh    a. Past Due Receivables are receivables that are more than 90
          tempo lebih dari 90 (sembilan puluh) hari, baik atas pembayaran      (ninety) days past due, either for principal and/or interest
          pokok dan/atau pembayaran bunga, atau tagihan kepada debitur         payments, or receivables from debtors in default.
          yang wanprestasi.
       b. Tagihan yang Mengalami Penurunan Nilai adalah tagihan yang        b. Impaired Receivables are receivables identified as impaired,
          teridentifikasi mengalami penurunan nilai, yaitu berada pada         namely those classified under Stage 2 (underperforming assets)
          Stage 2 (aset kurang baik) dan Stage 3 (aset tidak baik).            and Stage 3 (non-performing assets).

  2.   Tagihan yang telah jatuh tempo diklasifikasikan sebagai tagihan      Past due receivables are classified as impaired receivables;
       yang mengalami penurunan nilai sehingga tidak terdapat tagihan       therefore, there are no past due receivables (more than 90 days)
       yang telah jatuh tempo (lebih dari 90 hari) yang tidak dianggap      that are not considered impaired.
       mengalami penurunan nilai.

  3.   Dalam perhitungan CKPN, Bank menggunakan metode expected             In calculating Expected Credit Loss (CKPN), the Bank applies a
       loss yang bersifat forward looking yang mewajibkan Bank untuk        forward-looking expected loss methodology, which requires the
       mengukur estimasi risiko berdasarkan data makroekonomi.              Bank to estimate risk based on macroeconomic data. This forward-
       Perhitungan pencadangan secara forward looking dimaksudkan           looking provisioning approach is intended to enhance the Bank’s
       agar Bank lebih siap dalam menghadapi potensi serta skenario dari    preparedness in facing potential future macroeconomic conditions
       kondisi makroekonomi di masa mendatang.                              and scenarios.
       Secara umum terdapat 3 (tiga) Stage yang dibagi sesuai dengan        In general, credit exposures are categorized into three (3) Stages
       hasil evaluasi terhadap risiko kredit. Pada Stage 1, Bank mengukur   based on credit risk evaluation results. In Stage 1, the Bank
       penyisihan kerugian untuk aset keuangan sejumlah kerugian kredit     measures loss allowances for financial assets at an amount equal to
       ekspektasian 12 (dua belas) bulan. Pada Stage 2 dan Stage 3, Bank    12-month expected credit losses. In Stage 2 and Stage 3, the Bank
       mengukur penyisihan kerugian untuk aset keuangan sejumlah            measures loss allowances for financial assets at an amount equal to
       kredit ekspektasian dihitung sepanjang umur kredit (lifetime).       lifetime expected credit losses.




2025 Annual Report                                                                                                                   343
Page 344
Informasi Eksposur Risiko dan Permodalan
Risk Exposure and Capital Information




Pengungkapan Tagihan Bersih Berdasarkan Wilayah (CRB 1)
Disclosure of Net Claims by Region (CRB 1)

Tabel Pengungkapan Tagihan Bersih Berdasarkan Wilayah (CRB 1)
Table of Disclosure of Net Claims by Region (CRB 1)

Bank secara Individu



                                                                                              Posisi 31 Desember 2025
                                                                                           Position as of 31 December 2025

                              Kategori Portofolio                                      Tagihan Bersih Berdasarkan Wilayah
 No.
                              Portfolio Categories                                           Net Exposure by Region

                                                                                 Distribution 1    Distribution 2      Distribution 3
                                                                                 Distribution 1    Distribution 2      Distribution 3

  a                                        b                                           c                 d                    e

       Tagihan kepada Pemerintah
  1                                                                                          -                -                   -
       Claims on Governments

       Tagihan kepada Entitas Sektor Publik
  2                                                                                          -                -                   -
       Claims on Public Sector Entities

       Tagihan kepada Bank Pembangunan Multilateral dan Lembaga
  3    Internasional                                                                         -                -                   -
       Claims on Multilateral Development Banks and International Institutions

       Tagihan kepada Bank
  4                                                                                          -                -                   -
       Claims on Banks

       Tagihan berupa Covered Bond
  5                                                                                          -                -                   -
       Covered Bond Exposures

       Tagihan kepada Perusahaan Efek dan Lembaga Jasa Keuangan Lainnya
  6    Claims on Securities Companies and Other Financial Services                           -                -                   -
       Institutions

       Tagihan berupa Surat Berharga/Piutang Subordinasi, Ekuitas, dan
  7    Instrumen Modal Lainnya                                                               -                -                   -
       Subordinated Debt Claims, Equity, and Other Capital Instruments

       Kredit Beragun Properti Rumah Tinggal
  8                                                                                    2,159              3,164              17,401
       Residential Property-Backed Loans

       Kredit Beragun Properti Komersial
  9                                                                                          -                -                   -
       Commercial Property-Backed Loans

       Kredit untuk Pengadaan Tanah, Pengolahan Tanah, dan Konstruksi
  10                                                                                         -                -                   -
       Land Acquisition, Development, and Construction Loans

       Kredit Pegawai atau Pensiunan
  11                                                                               6,695,791          5,275,675           4,982,926
       Employee or Pension Loans

       Tagihan kepada Usaha Mikro, Usaha Kecil, dan Portofolio Ritel
  12                                                                                  22,527             15,265              27,903
       Claims on Micro, Small Enterprises and Retail Portfolios

       Tagihan kepada Korporasi
  13                                                                                   3,374              5,470              47,524
       Corporate Exposures

       Tagihan yang Telah Jatuh Tempo
  14                                                                                  50,772             31,869              33,496
       Past Due Exposures

       Aset Lainnya
  15                                                                                         -                -                   -
       Other Assets

       TOTAL                                                                       6,774,623          5,331,442           5,109,251




      344                                                                                                           Laporan Tahunan 2025
Page 345
                                                                                                        PT Bank Mandiri Taspen




                                                                                                     (dalam jutaan rupiah / in IDR million)



                                                   Posisi 31 Desember 2025
                                                Position as of 31 December 2025

                                            Tagihan Bersih Berdasarkan Wilayah
                                                  Net Exposure by Region

 Distribution 4      Distribution 5   Distribution 6    Distribution 7   Distribution 8    Distribution 9
                                                                                                                          Total
 Distribution 4      Distribution 5   Distribution 6    Distribution 7   Distribution 8    Distribution 9

        f                  g                h                  i                   j             k                           l


             -                   -                -                -                   -                 -           20,248,468


             -                   -                -                -                   -                 -                         -



             -                   -                -                -                   -                 -                         -



             -                   -                -                -                   -                 -                 74,756


             -                   -                -                -                   -                 -                         -



             -                   -                -                -                   -                 -                         -



             -                   -                -                -                   -                 -                         -



        2,607              2,826            2,217            14,336                1,936         4,590                     51,237


             -                   -                -                -                   -                 -                         -


             -                   -                -                -                   -                 -                         -


    3,786,906          4,123,118        5,543,808          4,835,794        4,193,618       10,245,925               49,683,561


       26,451             12,596           19,536           234,484                3,075        25,400                    387,236


        4,248                  997          7,096            12,553               1,886          7,902                     99,978


       27,748             23,442           31,445            26,040               30,042        62,777                    317,632


             -                   -                -                -                   -                 -             1,050,743


    3,847,960          4,162,979        5,604,103          5,123,207        4,230,557       10,346,595               71,913,611




2025 Annual Report                                                                                                           345
Page 346
Informasi Eksposur Risiko dan Permodalan
Risk Exposure and Capital Information




                              Kategori Portofolio
 No.
                              Portfolio Categories

                                                                                 Distribution 1   Distribution 2      Distribution 3
                                                                                 Distribution 1   Distribution 2      Distribution 3

  a                                        b                                           m                n                    o

       Tagihan kepada Pemerintah
  1                                                                                         -                -                   -
       Claims on Governments

       Tagihan kepada Entitas Sektor Publik
  2                                                                                         -                -                   -
       Claims on Public Sector Entities

       Tagihan kepada Bank Pembangunan Multilateral dan Lembaga
  3    Internasional                                                                        -                -                   -
       Claims on Multilateral Development Banks and International Institutions

       Tagihan kepada Bank
  4                                                                                         -                -                   -
       Claims on Banks

       Tagihan berupa Covered Bond
  5                                                                                         -                -                   -
       Covered Bond Exposures

       Tagihan kepada Perusahaan Efek dan Lembaga Jasa Keuangan Lainnya
  6    Claims on Securities Companies and Other Financial Services                          -                -                   -
       Institutions

       Tagihan berupa Surat Berharga/Piutang Subordinasi, Ekuitas, dan
  7    Instrumen Modal Lainnya                                                              -                -                   -
       Subordinated Debt Claims, Equity, and Other Capital Instruments

       Kredit Beragun Properti Rumah Tinggal
  8                                                                                    2,319            3,372               14,537
       Residential Property-Backed Loans

       Kredit Beragun Properti Komersial
  9                                                                                         -                -                   -
       Commercial Property-Backed Loans

       Kredit untuk Pengadaan Tanah, Pengolahan Tanah, dan Konstruksi
  10                                                                                        -                -                   -
       Land Acquisition, Development, and Construction Loans

       Kredit Pegawai atau Pensiunan
  11                                                                                6,213,016       4,892,580            4,509,469
       Employee or Pension Loans

       Tagihan kepada Usaha Mikro, Usaha Kecil, dan Portofolio Ritel
  12                                                                                  14,725            7,585               17,175
       Claims on Micro, Small Enterprises and Retail Portfolios

       Tagihan kepada Korporasi
  13                                                                                   5,551            2,623               30,308
       Corporate Exposures

       Tagihan yang Telah Jatuh Tempo
  14                                                                                  12,389            3,358                6,635
       Past Due Exposures

       Aset Lainnya
  15                                                                                        -                -                   -
       Other Assets

       TOTAL                                                                       6,248,000        4,909,519            4,578,124




      346                                                                                                          Laporan Tahunan 2025
Page 347
                                                                                                     PT Bank Mandiri Taspen




     Posisi 31 Desember 2024
  Position as of 31 December 2024

Tagihan Bersih Berdasarkan Wilayah
      Net Exposure by Region

   Distribution 4      Distribution 5   Distribution 6   Distribution 7   Distribution 8   Distribution 9
                                                                                                                Total
   Distribution 4      Distribution 5   Distribution 6   Distribution 7   Distribution 8   Distribution 9

          p                  q                r                s                t                u                v


               -                   -              -                -                -                -       18,185,493


               -                   -              -                -                -                -                  -



               -                   -              -                -                -                -                  -



               -                   -              -                -                -                -           47,978


               -                   -              -                -                -                -                  -



               -                   -              -                -                -                -                  -



               -                   -              -                -                -                -                  -



          2,252              1,952            2,040           14,921            1,901            5,038           48,334


               -                   -              -                -                -                -                  -


               -                   -              -                -                -                -                  -


       3,367,512         3,746,642        5,095,576        4,674,122        3,820,621        9,475,230       45,794,767


         15,656             11,012           17,226          196,060            3,912           14,357          297,707


         15,379                  998         57,660           16,016            4,359            4,511          148,928


          3,204              3,372            5,605            4,019            6,778           17,238           62,599


               -                   -              -                -                -                -        1,016,959


      3,404,004          3,763,976        5,178,107        4,905,138        3,837,571        9,516,374       65,602,766




  2025 Annual Report                                                                                              347
Page 348
Informasi Eksposur Risiko dan Permodalan
Risk Exposure and Capital Information




Pengungkapan Tagihan Bersih Berdasarkan Sektor Ekonomi (CRB2)
Disclosure of Net Claims by Economic Sector (CRB 2)

Tabel Pengungkapan Tagihan Bersih Berdasarkan Sektor Ekonomi (CRB 2)
Table of Disclosure of Net Claims by Economic Sector (CRB 2)

Bank secara Individu


                                                                              Tagihan kepada                               Tagihan kepada
                                                                            Bank Pembangunan                               Perusahaan Efek
                                                               Tagihan
                                                                                Multilateral                              dan Lembaga Jasa
                                                Tagihan        kepada                             Tagihan      Tagihan
                                                                               dan Lembaga                                Keuangan Lainnya
                                                kepada         Entitas                            kepada        berupa
              Sektor Ekonomi                                                   Internasional                                  Claims on
No.                                           Pemerintah    Sektor Publik                          Bank      Covered Bond
              Economic Sector                                                    Claims on                                    Securities
                                               Claims on      Claims on                          Claims on   Covered Bond
                                                                                Multilateral                                Companies and
                                              Governments   Public Sector                          Banks      Exposures
                                                                            Development Banks                               Other Financial
                                                               Entities
                                                                             and International                                 Services
                                                                                Institutions                                 Institutions

 a                      b                          c             d                  e                f            g               h

Posisi 31 Desember 2025
Position as of 31 December 2025

      Pertanian, Kehutanan dan Perikanan
 1                                                     -          -                 -                    -         -              -
      Agriculture, Forestry and Fishing

      Pertambangan dan Penggalian
 2                                                     -          -                 -                    -         -              -
      Mining and Quarrying

      Industri Pengolahan
 3                                                     -          -                 -                    -         -              -
      Manufacturing

      Pengadaan Listrik, Gas, Uap/Air
      Panas dan Udara Dingin
 4                                                     -          -                 -                    -         -              -
      Electricity, Gas, Steam/Hot Water
      and Air Conditioning Supply

      Pengelolaan Air, Pengelolaan Air
      Limbah, Pengelolaan dan Daur Ulang
      Sampah, dan Aktivitas Remediasi
 5                                                     -          -                 -                    -         -              -
      Water Supply, Waste Management,
      Waste and Recycling Activities, and
      Remediation Activities

      Konstruksi
 6                                                     -          -                 -                    -         -              -
      Construction

      Perdagangan Besar dan Eceran;
      Reparasi dan Perawatan Mobil dan
 7    Sepeda Motor                                     -          -                 -                    -         -              -
      Wholesale and Retail Trade; Repair of
      Motor Vehicles and Motorcycles

      Pengangkutan dan Pergudangan
 8                                                     -          -                 -                    -         -              -
      Transportation and Warehousing

      Penyediaan Akomodasi dan
      Penyediaan Makan Minum
 9                                                     -          -                 -                    -         -              -
      Accommodation and Food and
      Beverage Services

      Informasi dan Komunikasi
 10                                                    -          -                 -                    -         -              -
      Information and Communication

      Aktivitas Keuangan dan Asuransi
 11                                                    -          -                 -                    -         -              -
      Financial and Insurance Activities

      Real Estat
 12                                                    -          -                 -                    -         -              -
      Real Estate




      348                                                                                                               Laporan Tahunan 2025
Page 349
                                                                                                                PT Bank Mandiri Taspen




                                                                                                            (dalam jutaan rupiah / in IDR million)



                                                                                    Tagihan
 Tagihan berupa Surat      Kredit                  Kredit untuk
                                        Kredit                                  kepada Usaha
  Berharga/ Piutang       Beragun               Pengadaan Tanah,       Kredit
                                      Beragun                                    Mikro, Usaha
 Subordinasi, Ekuitas,    Properti                 Pengolahan         Pegawai                       Tagihan        Tagihan
                                       Properti                                    Kecil, dan                                         Aset
 dan Instrumen Modal      Rumah                     Tanah, dan           atau                       kepada        yang Telah
                                      Komersial                                 Portofolio Ritel                                     Lainnya
        Lainnya           Tinggal                   Konstruksi       Pensiunan                     Korporasi     Jatuh Tempo
                                     Commercial                                    Claims on                                          Other
  Subordinated Debt      Residential             Land Acquisition,   Employee                      Corporate       Past Due
                                      Property-                                  Micro, Small                                        Assets
    Claims, Equity,      Property-                Development,       or Pension                    Exposures      Exposures
                                       Backed                                     Enterprises
   and Other Capital      Backed                 and Construction       Loans
                                        Loans                                      and Retail
      Instruments          Loans                      Loans
                                                                                   Portfolios

           i                 j           k               l               m             n              o                  p               q




           -                     -       -               -            7,643,734         2,491               -         48,846                   -


           -                     -       -               -               15,026             24        1,688                   -                -


           -                     -       -               -              352,535         2,939             508           1,231                  -




           -                     -       -               -                   66              -              -                 -                -




           -                     -       -               -                4,993              -              -                 -                -




           -                     -       -               -                5,668            112              -                51                -




           -                     -       -               -            9,973,710       185,276         2,293            79,072                  -




           -                     -       -               -              536,633         1,099               -           4,734                  -




           -                     -       -               -            9,601,041         4,744             998          65,621                  -




           -                     -       -               -               22,561            19               -             128                  -


           -                     -       -               -              229,049              -        4,996               289                  -


           -                     -       -               -                1,904              -              -                 -                -




2025 Annual Report                                                                                                                  349
Page 350
Informasi Eksposur Risiko dan Permodalan
Risk Exposure and Capital Information




                                                                               Tagihan kepada                               Tagihan kepada
                                                                             Bank Pembangunan                               Perusahaan Efek
                                                                Tagihan
                                                                                 Multilateral                              dan Lembaga Jasa
                                                 Tagihan        kepada                             Tagihan      Tagihan
                                                                                dan Lembaga                                Keuangan Lainnya
                                                 kepada         Entitas                            kepada        berupa
                Sektor Ekonomi                                                  Internasional                                  Claims on
No.                                            Pemerintah    Sektor Publik                          Bank      Covered Bond
                Economic Sector                                                   Claims on                                    Securities
                                                Claims on      Claims on                          Claims on   Covered Bond
                                                                                 Multilateral                                Companies and
                                               Governments   Public Sector                          Banks      Exposures
                                                                             Development Banks                               Other Financial
                                                                Entities
                                                                              and International                                 Services
                                                                                 Institutions                                 Institutions

 a                      b                           c             d                  e                f            g               h


      Aktivitas Profesional, Ilmiah dan
      Teknis
 13                                                      -         -                 -                    -         -              -
      Professional, Scientific and Technical
      Activities

      Aktivitas Penyewaan dan Sewa
      Guna Usaha Tanpa Hak Opsi,
      Ketenagakerjaan, Agen Perjalanan
      dan Penunjang Usaha Lainnya
 14                                                      -         -                 -                    -         -              -
      Rental and Leasing Activities,
      Employment Services, Travel
      Agencies, and Other Business
      Support Services

      Administrasi Pemerintahan,
      Pertahanan dan Jaminan Sosial Wajib
 15                                                      -         -                 -                    -         -              -
      Public Administration, Defence and
      Mandatory Social Security

      Pendidikan
 16                                                      -         -                 -                    -         -              -
      Education

      Aktivitas Kesehatan Manusia dan
      Aktivitas Sosial
 17                                                      -         -                 -                    -         -              -
      Human Health and Social Work
      Activities

      Kesenian, Hiburan dan Rekreasi
 18                                                      -         -                 -                    -         -              -
      Arts, Entertainment and Recreation

      Aktivitas Jasa Lainnya
 19                                                      -         -                 -                    -         -              -
      Other Service Activities

      Aktivitas Rumah Tangga sebagai
      Pemberi Kerja; Aktivitas yang
      Menghasilkan Barang dan Jasa oleh
      Rumah Tangga yang Digunakan
 20   untuk Memenuhi Kebutuhan Sendiri                   -         -                 -                    -         -              -
      Activities of Households as
      Employers; Undifferentiated Goods-
      and Services-Producing Activities of
      Households for Own Use

      Aktivitas Badan Internasional dan
      Badan Ekstra Internasional Lainnya
 21                                                      -         -                 -                    -         -              -
      Activities of Extraterritorial
      Organizations and Bodies

      Rumah Tangga
 22                                                      -         -                 -                    -         -              -
      Households

      Bukan Lapangan Usaha Lainnya
 23                                                      -         -                 -                    -         -              -
      Other Non-Business Fields

      Lainnya
 24                                                      -         -                 -                    -         -              -
      Others

      Total                                     20,248,468         -                 -              74,756          -              -




      350                                                                                                                Laporan Tahunan 2025
Page 351
                                                                                                                PT Bank Mandiri Taspen




                                                                                    Tagihan
 Tagihan berupa Surat      Kredit                  Kredit untuk
                                        Kredit                                  kepada Usaha
  Berharga/ Piutang       Beragun               Pengadaan Tanah,       Kredit
                                      Beragun                                    Mikro, Usaha
 Subordinasi, Ekuitas,    Properti                 Pengolahan         Pegawai                       Tagihan        Tagihan
                                       Properti                                    Kecil, dan                                   Aset
 dan Instrumen Modal      Rumah                     Tanah, dan           atau                       kepada        yang Telah
                                      Komersial                                 Portofolio Ritel                               Lainnya
        Lainnya           Tinggal                   Konstruksi       Pensiunan                     Korporasi     Jatuh Tempo
                                     Commercial                                    Claims on                                    Other
  Subordinated Debt      Residential             Land Acquisition,   Employee                      Corporate       Past Due
                                      Property-                                  Micro, Small                                  Assets
    Claims, Equity,      Property-                Development,       or Pension                    Exposures      Exposures
                                       Backed                                     Enterprises
   and Other Capital      Backed                 and Construction       Loans
                                        Loans                                      and Retail
      Instruments          Loans                      Loans
                                                                                   Portfolios

           i                 j           k               l               m             n              o               p           q



           -                     -       -               -                3,759              -              -             -            -




           -                     -       -               -            4,816,488            138              -        24,191            -




           -                     -       -               -                    -              -              -             -            -




           -                     -       -               -               17,616            152              -          359             -




           -                     -       -               -               80,893         7,647               -        2,000             -




           -                     -       -               -               23,706            262              -          296             -


           -                     -       -               -            2,841,131            784            156        21,314            -




           -                     -       -               -            1,697,344            595              -        12,141            -




           -                     -       -               -                    -              -              -             -            -




           -               51,237        -               -           11,815,704       180,955        80,411          57,359            -


           -                     -       -               -                    -              -              -             -            -


           -                     -       -               -                    -              -              -             -            -


           -               51,237        -               -           49,683,561       387,236        99,978         317,632    1,050,743




2025 Annual Report                                                                                                             351
Page 352
Informasi Eksposur Risiko dan Permodalan
Risk Exposure and Capital Information




                                                                             Tagihan kepada                                    Tagihan kepada
                                                                Tagihan    Bank Pembangunan                                   Perusahaan Efek
                                                 Tagihan        kepada          Multilateral         Tagihan      Tagihan    dan Lembaga Jasa
                                                 kepada         Entitas        dan Lembaga           kepada        berupa    Keuangan Lainnya
               Sektor Ekonomi
No.                                            Pemerintah    Sektor Publik     Internasional          Bank      Covered Bond Claims on Securities
               Economic Sector
                                                Claims on      Claims on   Claims on Multilateral   Claims on   Covered Bond   Companies and
                                               Governments   Public Sector Development Banks          Banks      Exposures     Other Financial
                                                                Entities     and International                                     Services
                                                                                Institutions                                     Institutions

 a                      b                           c              d                  e                 f             g                h

Posisi 31 Desember 2024
Position as of 31 December 2025

      Pertanian, Kehutanan dan Perikanan
 1                                                      -          -                  -                     -         -                -
      Agriculture, Forestry and Fishing

      Pertambangan dan Penggalian
 2                                                      -          -                  -                     -         -                -
      Mining and Quarrying

      Industri Pengolahan
 3                                                      -          -                  -                     -         -                -
      Manufacturing

      Pengadaan Listrik, Gas, Uap/Air
      Panas dan Udara Dingin
 4                                                      -          -                  -                     -         -                -
      Electricity, Gas, Steam/Hot Water
      and Air Conditioning Supply

      Pengelolaan Air, Pengelolaan Air
      Limbah, Pengelolaan dan Daur Ulang
      Sampah, dan Aktivitas Remediasi
 5                                                      -          -                  -                     -         -                -
      Water Supply, Waste Management,
      Waste and Recycling Activities, and
      Remediation Activities

      Konstruksi
 6                                                      -          -                  -                     -         -                -
      Construction

      Perdagangan Besar dan Eceran;
      Reparasi dan Perawatan Mobil dan
 7    Sepeda Motor                                      -          -                  -                     -         -                -
      Wholesale and Retail Trade; Repair of
      Motor Vehicles and Motorcycles

      Pengangkutan dan Pergudangan
 8                                                      -          -                  -                     -         -                -
      Transportation and Warehousing

      Penyediaan Akomodasi dan
      Penyediaan Makan Minum
 9                                                      -          -                  -                     -         -                -
      Accommodation and Food and
      Beverage Services

      Informasi dan Komunikasi
 10                                                     -          -                  -                     -         -                -
      Information and Communication

      Aktivitas Keuangan dan Asuransi
 11                                                     -          -                  -                     -         -                -
      Financial and Insurance Activities

      Real Estat
 12                                                     -          -                  -                     -         -                -
      Real Estate

      Aktivitas Profesional, Ilmiah dan
      Teknis
 13                                                     -          -                  -                     -         -                -
      Professional, Scientific and Technical
      Activities

      Aktivitas Penyewaan dan Sewa
      Guna Usaha Tanpa Hak Opsi,
      Ketenagakerjaan, Agen Perjalanan dan
 14   Penunjang Usaha Lainnya                           -          -                  -                     -         -                -
      Rental and Leasing Activities,
      Employment Services, Travel Agencies,
      and Other Business Support Services

      Administrasi Pemerintahan,
      Pertahanan dan Jaminan Sosial Wajib
 15                                                     -          -                  -                     -         -                -
      Public Administration, Defence and
      Mandatory Social Security

      Pendidikan
 16                                                     -          -                  -                     -         -                -
      Education

      Aktivitas Kesehatan Manusia dan
      Aktivitas Sosial
 17                                                     -          -                  -                     -         -                -
      Human Health and Social Work
      Activities




      352                                                                                                                   Laporan Tahunan 2025
Page 353
                                                                                                                      PT Bank Mandiri Taspen




                                                                                                                   (dalam jutaan rupiah / in IDR million)


 Tagihan berupa Surat      Kredit                  Kredit untuk                    Tagihan kepada
                                        Kredit
  Berharga/ Piutang       Beragun               Pengadaan Tanah,       Kredit        Usaha Mikro,
                                      Beragun
 Subordinasi, Ekuitas,    Properti                 Pengolahan         Pegawai        Usaha Kecil,       Tagihan           Tagihan
                                       Properti                                                                                              Aset
 dan Instrumen Modal      Rumah                     Tanah, dan           atau       dan Portofolio      kepada           yang Telah
                                      Komersial                                                                                             Lainnya
        Lainnya           Tinggal                   Konstruksi       Pensiunan           Ritel         Korporasi        Jatuh Tempo
                                     Commercial                                                                                              Other
  Subordinated Debt      Residential             Land Acquisition,   Employee         Claims on        Corporate          Past Due
                                      Property-                                                                                             Assets
    Claims, Equity,      Property-                Development,       or Pension      Micro, Small      Exposures         Exposures
                                       Backed
   and Other Capital      Backed                 and Construction       Loans      Enterprises and
                                        Loans
      Instruments          Loans                      Loans                        Retail Portfolios

           i                 j           k               l               m                n                o                    p               q




           -                     -       -               -             7,234,179              517              -              8,675                   -


           -                     -       -               -               14,720                42              -                300                   -


           -                     -       -               -              317,484           1,867          56,298                 330                   -



           -                     -       -               -                   72                 -              -                     -                -




           -                     -       -               -                4,792                 -              -                     -                -




           -                     -       -               -                4,842               559              -                     -                -




           -                 116         -               -            10,074,824        160,950           2,146              14,767                   -




           -                     -       -               -              475,987               64               -              1,080                   -



           -                     -       -               -            8,606,236           4,481            277               11,067                   -



           -                     -       -               -               20,138                36              -                    78                -


           -                     -       -               -              148,534                 -         5,008                 259                   -


           -                     -       -               -                1,446                65              -                     -                -



           -                     -       -               -                3,387                 -              -                     -                -




           -                     -       -               -             4,172,701              109              -              4,737                   -




           -                     -       -               -                     -                -              -                     -                -



           -                     -       -               -               18,375               117              -                    -1                -



           -                     -       -               -               74,436          12,064                -                235                   -




2025 Annual Report                                                                                                                         353
Page 354
Informasi Eksposur Risiko dan Permodalan
Risk Exposure and Capital Information




                                                                              Tagihan kepada                                               Tagihan kepada
                                                                 Tagihan    Bank Pembangunan                                              Perusahaan Efek
                                                Tagihan          kepada          Multilateral                Tagihan          Tagihan    dan Lembaga Jasa
                                                kepada           Entitas        dan Lembaga                  kepada            berupa    Keuangan Lainnya
                 Sektor Ekonomi
No.                                           Pemerintah      Sektor Publik     Internasional                 Bank          Covered Bond Claims on Securities
                 Economic Sector
                                               Claims on        Claims on   Claims on Multilateral          Claims on       Covered Bond   Companies and
                                              Governments     Public Sector Development Banks                 Banks          Exposures     Other Financial
                                                                 Entities     and International                                                Services
                                                                                 Institutions                                                Institutions

 a                       b                         c                   d                    e                   f                 g                  h

       Kesenian, Hiburan dan Rekreasi
 18                                                    -               -                     -                      -             -                  -
       Arts, Entertainment and Recreation

       Aktivitas Jasa Lainnya
 19                                                    -               -                     -                      -             -                  -
       Other Service Activities

       Aktivitas Rumah Tangga sebagai
       Pemberi Kerja; Aktivitas yang
       Menghasilkan Barang dan Jasa oleh
       Rumah Tangga yang Digunakan
 20    untuk Memenuhi Kebutuhan Sendiri                -               -                     -                      -             -                  -
       Activities of Households as
       Employers; Undifferentiated Goods-
       and Services-Producing Activities of
       Households for Own Use

       Aktivitas Badan Internasional dan
       Badan Ekstra Internasional Lainnya
 21                                                    -               -                     -                      -             -                  -
       Activities of Extraterritorial
       Organizations and Bodies

       Rumah Tangga
 22                                                    -               -                     -                      -             -                  -
       Households

       Bukan Lapangan Usaha Lainnya
 23                                                    -               -                     -                      -             -                  -
       Other Non-Business Fields

       Lainnya
 24                                                    -               -                     -                      -             -                  -
       Others

       Total                                  18,185,493               -                     -               47,978               -                  -




Pengungkapan Tagihan Bersih Berdasarkan Sisa Jangka Waktu Kontrak (CRB3)
Disclosure of Net Claims by Remaining Contractual Maturity (CRB 3)

Tabel Pengungkapan Tagihan Bersih Berdasarkan Sisa Jangka Waktu Kontrak (CRB 3)
Table of Disclosure of Net Claims by Remaining Contractual Maturity (CRB 3)

Bank secara Individu


                                                                                              Posisi 31 Desember 2025
                                                                                           Position as of 31 December 2025

                                                                            Tagihan bersih berdasarkan sisa jangka waktu kontrak
                                                                            Net receivables based on remaining contractual maturity
 No.                 Kategori Portofolio
                                                                            > 1 tahun         > 3 tahun                              Non
                                                           < 1 tahun       s.d. 3 tahun      s.d. 5 tahun       > 5 tahun         Kontraktual
                                                                                                                                                     Total
                                                            < 1 year       > 1 year s.d.       > 3 years        > 5 years            Non-
                                                                              3 years         s.d.5 years                         Contractual


  a                               b                            c                d                 e                     f              g                 h

  1     Tagihan kepada Pemerintah                                  -                  -                -                      -   20,248,468       20,248,468

  2     Tagihan kepada Entitas Sektor Publik                       -                  -                -                      -                -              -

        Tagihan kepada Bank Pembangunan
  3                                                                -                  -                -                      -                -              -
        Multilateral dan Lembaga Internasional

  4     Tagihan kepada Bank                                        -                  -                -                      -        74,756            74,756




       354                                                                                                                                 Laporan Tahunan 2025
Page 355
                                                                                                                                        PT Bank Mandiri Taspen




 Tagihan berupa Surat          Kredit                  Kredit untuk                              Tagihan kepada
                                            Kredit
  Berharga/ Piutang           Beragun               Pengadaan Tanah,              Kredit           Usaha Mikro,
                                          Beragun
 Subordinasi, Ekuitas,        Properti                 Pengolahan                Pegawai           Usaha Kecil,         Tagihan             Tagihan
                                           Properti                                                                                                            Aset
 dan Instrumen Modal          Rumah                     Tanah, dan                  atau          dan Portofolio        kepada             yang Telah
                                          Komersial                                                                                                           Lainnya
        Lainnya               Tinggal                   Konstruksi              Pensiunan              Ritel           Korporasi          Jatuh Tempo
                                         Commercial                                                                                                            Other
  Subordinated Debt          Residential             Land Acquisition,          Employee            Claims on          Corporate            Past Due
                                          Property-                                                                                                           Assets
    Claims, Equity,          Property-                Development,              or Pension         Micro, Small        Exposures           Exposures
                                           Backed
   and Other Capital          Backed                 and Construction              Loans         Enterprises and
                                            Loans
      Instruments              Loans                      Loans                                  Retail Portfolios

           i                       j                 k               l               m                    n                 o                     p               q


           -                           -             -               -               21,122                   271                -                     -                -


           -                           -             -               -            2,455,048               1,480              141                 3,122                  -




           -                           -             -               -            1,735,775                   645                -               3,471                  -




           -                           -             -               -                       -                  -                -                     -                -



           -                   48,218                -               -           10,410,667           114,441             73,536               14,478                   -


           -                           -             -               -                       -                  -                -                     -                -


           -                           -             -               -                       -                  -                -                     -                -


           -                  48,334                 -               -           45,794,767           297,707            148,928              62,599          1,016,959




                                                                                                                                     (dalam jutaan rupiah / in IDR million)


                                          Posisi 31 Desember 2024
                                       Position as of 31 December 2024

                     Tagihan bersih berdasarkan sisa jangka waktu kontrak
                     Net receivables based on remaining contractual maturity
                                                                                                                                Portfolio Categories
                > 1 tahun s.d.             > 3 tahun s.d.                       Non
   < 1 tahun       3 tahun                    5 tahun        > 5 tahun       Kontraktual
                                                                                                    Total
    < 1 year     > 1 year s.d.             > 3 years s.d.    > 5 years          Non-
                   3 years                    5 years                        Contractual


       i                 j                       k               l               m                    n                                      b

           -                   -                         -               -    18,185,493         18,185,493                                Claims on Governments

           -                   -                         -               -               -                      -               Claims on Public Sector Entities

                                                                                                                    Claims on Multilateral Development Banks
           -                   -                         -               -               -                      -
                                                                                                                                and International Institutions

           -                   -                         -               -        47,978               47,978                                         Claims on Banks




2025 Annual Report                                                                                                                                           355
Page 356
Informasi Eksposur Risiko dan Permodalan
Risk Exposure and Capital Information




                                                                                   Posisi 31 Desember 2025
                                                                                Position as of 31 December 2025

                                                                 Tagihan bersih berdasarkan sisa jangka waktu kontrak
                                                                 Net receivables based on remaining contractual maturity
 No.              Kategori Portofolio
                                                                 > 1 tahun         > 3 tahun                               Non
                                                  < 1 tahun     s.d. 3 tahun      s.d. 5 tahun      > 5 tahun           Kontraktual
                                                                                                                                            Total
                                                   < 1 year     > 1 year s.d.       > 3 years       > 5 years              Non-
                                                                   3 years         s.d.5 years                          Contractual


  a                        b                          c              d                 e                f                   g                   h

  5     Tagihan berupa Covered Bond                         -              -                   -                -                   -                -

        Tagihan kepada Perusahaan Efek dan
  6                                                         -              -                   -                -                   -                -
        Lembaga Jasa Keuangan Lainnya

        Tagihan berupa Surat Berharga/Piutang
  7     Subordinasi, Ekuitas, dan Instrumen                 -              -                   -                -                   -                -
        Modal Lainnya

  8     Kredit Beragun Properti Rumah Tinggal             103         1,106            2,167            47,860                      -          51,237

  9     Kredit Beragun Properti Komersial                   -              -                   -                -                   -                -

        Kredit untuk Pengadaan Tanah,
 10                                                         -              -                   -                -                   -                -
        Pengolahan Tanah, dan Konstruksi

 11     Kredit Pegawai atau Pensiunan              168,660         957,577         1,891,286        46,666,038                      -    49,683,561

        Tagihan kepada Usaha Mikro, Usaha
 12                                                 40,868         204,289            69,059           73,020                       -          387,236
        Kecil, dan Portofolio Ritel

 13     Tagihan kepada Korporasi                    62,073            1,528                814         26,634                8,929             99,978

 14     Tagihan yang Telah Jatuh Tempo                3,063           8,556           13,466          292,547                       -          317,632

 15     Aset Lainnya                                        -              -                   -                -        1,050,743         1,050,743

        TOTAL                                      274,767       1,173,057         1,976,792        47,106,099          21,382,896       71,913,611




Pengungkapan Tagihan dan Pencadangan Berdasarkan Wilayah (CRB 4)
Disclosure of Claims and Allowances by Region (CRB 4)

Tabel Pengungkapan Tagihan Bersih dan Pencadangan berdasarkan Wilayah (CRB 4)
Table of Disclosure of Net Claims and Allowances by Region (CRB 4)

Bank secara Individu



                                                                                                  Posisi 31 Desember 2025
                                                                                               Position as of 31 December 2025

                                    Keterangan                                                              Wilayah
 No.
                                    Description                                                             Region

                                                                                   Distribution 1       Distribution 2             Distribution 3
                                                                                   Distribution 1       Distribution 2             Distribution 3

  a                                         b                                              c                        d                      e

        Tagihan
  1                                                                                   6,774,623             5,331,442                   5,109,251
        Receivables

        Tagihan yang Mengalami Penurunan Nilai
  2                                                                                        75,170               48,732                    58,754
        Impaired Receivables

        a. Belum Jatuh Tempo
                                                                                           24,398               16,864                    25,258
        a. Not Past Due




       356                                                                                                                      Laporan Tahunan 2025
Page 357
                                                                                                                              PT Bank Mandiri Taspen




                                          Posisi 31 Desember 2024
                                       Position as of 31 December 2024

                      Tagihan bersih berdasarkan sisa jangka waktu kontrak
                      Net receivables based on remaining contractual maturity
                                                                                                                      Portfolio Categories
                   > 1 tahun s.d.       > 3 tahun s.d.                           Non
   < 1 tahun          3 tahun              5 tahun           > 5 tahun        Kontraktual
                                                                                                 Total
    < 1 year        > 1 year s.d.       > 3 years s.d.       > 5 years           Non-
                      3 years              5 years                            Contractual


       i                 j                    k                   l                  m             n                               b

               -               -                    -                    -                -                -                   Covered Bond Exposures

                                                                                                                 Claims on Securities Companies and
               -               -                    -                    -                -                -
                                                                                                                 Other Financial Services Institutions

                                                                                                               Subordinated Debt Claims, Equity, and
               -               -                    -                    -                -                -
                                                                                                                          Other Capital Instruments

            79          1,168                 2,642               44,445                  -        48,334         Residential Property-Backed Loans

               -               -                    -                    -                -                -     Commercial Property-Backed Loans

                                                                                                                 Land Acquisition, Development, and
               -               -                    -                    -                -                -
                                                                                                                                 Construction Loans

   172,456           811,626             1,548,234           43,262,450                   -    45,794,767                   Employee or Pension Loans

                                                                                                               Claims on Micro, Small Enterprises and
    34,384            171,143               36,823                55,357                  -       297,707
                                                                                                                                     Retail Portfolios

   109,368                   497              1,021               26,520             11,523       148,929                           Corporate Exposures

           325          1,036                 1,622               59,617                  -        62,599                              Past Due Exposures

               -               -                    -                    -      1,016,959       1,016,959                                     Other Assets

   316,613           985,470             1,590,341           43,448,389        19,261,953      65,602,767                                              TOTAL




                                                                                                                           (dalam jutaan rupiah / in IDR million)



                                                                Posisi 31 Desember 2025
                                                             Position as of 31 December 2025

                                                                             Wilayah
                                                                             Region

 Distribution 4        Distribution 5             Distribution 6         Distribution 7       Distribution 8   Distribution 9
                                                                                                                                                Total
 Distribution 4        Distribution 5             Distribution 6         Distribution 7       Distribution 8   Distribution 9

           f                       g                     h                       i                     j               k                           l


    3,847,960                4,162,979              5,604,103                5,123,207          4,230,557        10,346,595                50,530,716


       39,420                  40,016                    51,905                58,101              40,258           105,225                     517,582


       11,672                  16,574                    20,460                32,061              10,216             42,448                   199,950




2025 Annual Report                                                                                                                                 357
Page 358
Informasi Eksposur Risiko dan Permodalan
Risk Exposure and Capital Information




                                                              Posisi 31 Desember 2025
                                                           Position as of 31 December 2025

                                   Keterangan                         Wilayah
 No.
                                   Description                        Region

                                                 Distribution 1    Distribution 2      Distribution 3
                                                 Distribution 1    Distribution 2      Distribution 3

  a                                        b           c                 d                    e

       b. Telah Jatuh Tempo
                                                      50,772             31,869              33,496
       b. Past Due

  3    CKPN - Stage 1                                 76,105             58,077              55,834

  4    CKPN - Stage 2                                  5,830              5,564               5,860

  5    CKPN - Stage 3                                 24,034             16,819              16,795

       Tagihan yang Dihapus Buku
  6                                                   23,035             12,982              13,739
       Written-off Receivables




                                                              Posisi 31 Desember 2024
                                                           Position as of 31 December 2024

                                   Keterangan                         Wilayah
 No.
                                   Description                        Region

                                                 Distribution 1    Distribution 2      Distribution 3
                                                 Distribution 1    Distribution 2      Distribution 3

  a                                        b           m                 n                    o

       Tagihan
  1                                               6,239,655         4,893,000           4,570,962
       Receivables

       Tagihan yang Mengalami Penurunan Nilai
  2                                                  54,913            23,632              39,923
       Impaired Receivables

       a. Belum Jatuh Tempo
                                                     24,811            12,600               19,749
       a. Not Past Due

       b. Telah Jatuh Tempo
                                                     30,102            11,032               20,174
       b. Past Due

  3    CKPN - Stage 1                                87,721            67,826              63,607

  4    CKPN - Stage 2                                 6,861             2,876                4,144

  5    CKPN - Stage 3                                17,713              7,674             13,539

       Tagihan yang Dihapus Buku
  6                                                  56,500            26,479              33,073
       Written-off Receivables




      358                                                                           Laporan Tahunan 2025
Page 359
                                                                                                     PT Bank Mandiri Taspen




                                                   Posisi 31 Desember 2025
                                                Position as of 31 December 2025

                                                           Wilayah
                                                           Region

 Distribution 4      Distribution 5   Distribution 6    Distribution 7   Distribution 8    Distribution 9
                                                                                                                Total
 Distribution 4      Distribution 5   Distribution 6    Distribution 7   Distribution 8    Distribution 9

        f                  g                h                  i                   j             k                l


       27,748             23,442           31,445            26,040               30,042        62,777          317,632


       38,508             43,609           60,264             67,019          45,467           112,894          557,776

        3,319              3,949            5,216            12,955                2,716        10,071           55,480

       13,575             12,198           16,474             14,131          14,560            28,586          157,173


        7,845             10,402           12,584             15,510          12,695            34,241          143,033




                                                   Posisi 31 Desember 2024
                                                Position as of 31 December 2024

                                                           Wilayah
                                                           Region

 Distribution 4      Distribution 5   Distribution 6    Distribution 7   Distribution 8    Distribution 9
                                                                                                                Total
 Distribution 4      Distribution 5   Distribution 6    Distribution 7   Distribution 8    Distribution 9

        p                  q                r                  s                   t             u                v


   3,397,868          3,756,719        5,164,213         4,909,551        3,829,232         9,500,214       46,261,415


      23,835            28,628           36,402             59,165           29,724            79,955          376,177


      11,754             16,030          20,944             43,715           14,073            37,096         200,772


      12,082            12,598            15,457            15,450           15,651           42,859          175,406


      44,450            49,991           69,244             81,880           52,441          130,644           647,804

       3,625              3,827            4,511            19,846            2,906             8,307          56,903

       8,877              9,225            9,852            11,432            8,873            25,621         112,806


      23,806             27,859           32,780            33,449           25,794            65,795         325,535




2025 Annual Report                                                                                                359
Page 360
Informasi Eksposur Risiko dan Permodalan
Risk Exposure and Capital Information




Pengungkapan Tagihan dan Pencadangan Berdasarkan Sektor Ekonomi (CRB 5)
Disclosure of Claims and Allowances by Economic Sector (CRB 5)

Tabel Pengungkapan Tagihan dan Pencadangan Berdasarkan Sektor Ekonomi (CRB 5)
Table of Disclosure of Claims and Allowances by Economic Sector (CRB 5)

Bank secara Individu
                                                                                                                                (dalam jutaan rupiah / in IDR million)


                                                                         Tagihan yang Mengalami
                                                                                                                                                       Tagihan
                                                                             Penurunan Nilai
                                                                                                             CKPN          CKPN          CKPN            yang
                                                                           Impaired Receivables
                       Sektor Ekonomi                    Tagihan                                            Stage 1       Stage 2       Stage 3        Dihapus
 No.
                       Economic Sector                  Receivables                                          CKPN          CKPN          CKPN            Buku
                                                                        Belum Jatuh       Telah Jatuh
                                                                                                            Stage 1       Stage 2       Stage 3       Written-off
                                                                          Tempo             Tempo
                                                                                                                                                      Receivables
                                                                        Not Past Due       Past Due

  a                            b                            c                d                e                f            g               h               i

        Posisi 31 Desember 2025
        Position as of 31 December 2025

        Pertanian, Kehutanan dan Perikanan
  1                                                        7,695,071             28,456           48,846      92,468         7,176         25,578           21,272
        Agriculture, Forestry and Fishing

        Pertambangan dan Penggalian
  2                                                          16,738                124                  -          123           19               -                 -
        Mining and Quarrying

        Industri Pengolahan
  3                                                         357,214               2,222            1,231       2,479            482             400              595
        Manufacturing

        Pengadaan Listrik, Gas, Uap/Air Panas dan
        Udara Dingin
  4                                                               66                  -                 -             -             -             -                 -
        Electricity, Gas, Steam/Hot Water and Air
        Conditioning Supply

        Pengelolaan Air, Pengelolaan Air Limbah,
        Pengelolaan dan Daur Ulang Sampah, dan
        Aktivitas Remediasi
  5                                                             4,993                 -                 -           87              -             -                 -
        Water Supply, Waste Management, Waste
        and Recycling Activities, and Remediation
        Activities

        Konstruksi
  6                                                             5,830              112                51            52           20              15                 -
        Construction

        Perdagangan Besar dan Eceran; Reparasi dan
        Perawatan Mobil dan Sepeda Motor
  7                                                      10,240,352              48,961           79,072     169,370        16,594        42,999            46,813
        Wholesale and Retail Trade; Repair of Motor
        Vehicles and Motorcycles

        Pengangkutan dan Pergudangan
  8                                                         542,466               2,877            4,734       3,580            518         2,960               1,758
        Transportation and Warehousing

        Penyediaan Akomodasi dan Penyediaan
        Makan Minum
  9                                                       9,672,404              32,478           65,621     110,172         9,575         32,036           26,831
        Accommodation and Food and Beverage
        Services

        Informasi dan Komunikasi
  10                                                         22,708                   -             128            112              -            37                 -
        Information and Communication

        Aktivitas Keuangan dan Asuransi
  11                                                        234,334               1,211             289            894          229              85              277
        Financial and Insurance Activities

        Real Estat
  12                                                            1,904                 -                 -          147              -             -                 -
        Real Estate

        Aktivitas Profesional, Ilmiah dan Teknis
  13    Professional, Scientific and Technical                  3,759                 -                 -           38              -             -                 -
        Activities

        Aktivitas Penyewaan dan Sewa Guna Usaha
        Tanpa Hak Opsi, Ketenagakerjaan, Agen
        Perjalanan dan Penunjang Usaha Lainnya
  14                                                      4,840,817         15,025           24,191           36,764         3,708          9,925           10,637
        Rental and Leasing Activities, Employment
        Services, Travel Agencies, and Other Business
        Support Services




       360                                                                                                                               Laporan Tahunan 2025
Page 361
                                                                                                                          PT Bank Mandiri Taspen




                                                                         Tagihan yang Mengalami
                                                                                                                                                Tagihan
                                                                             Penurunan Nilai
                                                                                                      CKPN          CKPN          CKPN            yang
                                                                           Impaired Receivables
                     Sektor Ekonomi                    Tagihan                                       Stage 1       Stage 2       Stage 3        Dihapus
 No.
                     Economic Sector                  Receivables                                     CKPN          CKPN          CKPN            Buku
                                                                        Belum Jatuh    Telah Jatuh
                                                                                                     Stage 1       Stage 2       Stage 3       Written-off
                                                                          Tempo          Tempo
                                                                                                                                               Receivables
                                                                        Not Past Due    Past Due

  a                           b                            c                 d             e            f            g             h                i


       Administrasi Pemerintahan, Pertahanan dan
       Jaminan Sosial Wajib
  15                                                                -              -             -             -             -             -                -
       Public Administration, Defence and Mandatory
       Social Security

       Pendidikan
  16                                                       18,127                377           359          187          281           234               249
       Education

       Aktivitas Kesehatan Manusia dan Aktivitas
  17   Sosial                                              90,541            6,361         2,000            833       2,455         1,303                966
       Human Health and Social Work Activities

       Kesenian, Hiburan dan Rekreasi
  18                                                       24,263                  -           296          122              -         290                  -
       Arts, Entertainment and Recreation

       Aktivitas Jasa Lainnya
  19                                                    2,863,384           13,593        21,314       22,852         3,197         9,563               5,513
       Other Service Activities

       Aktivitas Rumah Tangga sebagai Pemberi
       Kerja; Aktivitas yang Menghasilkan Barang
       dan Jasa oleh Rumah Tangga yang Digunakan
       untuk Memenuhi Kebutuhan Sendiri
  20                                                     1,710,080           7,186        12,141       24,035         1,962         6,167               5,780
       Activities of Households as Employers;
       Undifferentiated Goods- and Services-
       Producing Activities of Households for Own
       Use

       Aktivitas Badan Internasional dan Badan
       Ekstra Internasional Lainnya
  21                                                                -              -             -             -             -             -                -
       Activities of Extraterritorial Organizations
       and Bodies

       Rumah Tangga
  22                                                   12,185,665           40,969         57,359      93,461         9,266        25,581           22,343
       Households

       Bukan Lapangan Usaha Lainnya
  23                                                                -              -             -             -             -             -                -
       Other Non-Business Fields

       Lainnya
  24                                                                -              -             -             -             -             -                -
       Others

       Total                                           50,530,716          199,950        317,632     557,776        55,480       157,173          143,033




                                                                         Tagihan yang Mengalami
                                                                                                                                                Tagihan
                                                                             Penurunan Nilai
                                                                                                      CKPN          CKPN          CKPN            yang
                                                                           Impaired Receivables
                     Sektor Ekonomi                    Tagihan                                       Stage 1       Stage 2       Stage 3        Dihapus
 No.
                     Economic Sector                  Receivables                                     CKPN          CKPN          CKPN            Buku
                                                                        Belum Jatuh    Telah Jatuh
                                                                                                     Stage 1       Stage 2       Stage 3       Written-off
                                                                          Tempo          Tempo
                                                                                                                                               Receivables
                                                                        Not Past Due    Past Due

  a                           b                            c                 d             e            f            g             h                i

       Posisi 31 Desember 2024
       Position as of 31 December 2024

       Pertanian, Kehutanan dan Perikanan
  1                                                      7,229,427          23,165         27,820     110,016         5,821        19,144           57,966
       Agriculture, Forestry and Fishing

       Pertambangan dan Penggalian
  2                                                        15,354                99            577          117           99           277                  -
       Mining and Quarrying

       Industri Pengolahan
  3                                                       375,013            2,748             434      2,563            598           103               628
       Manufacturing




2025 Annual Report                                                                                                                               361
Page 362
Informasi Eksposur Risiko dan Permodalan
Risk Exposure and Capital Information




                                                                              Tagihan yang Mengalami
                                                                                                                                                     Tagihan
                                                                                  Penurunan Nilai
                                                                                                           CKPN          CKPN          CKPN            yang
                                                                                Impaired Receivables
                       Sektor Ekonomi                       Tagihan                                       Stage 1       Stage 2       Stage 3        Dihapus
 No.
                       Economic Sector                     Receivables                                     CKPN          CKPN          CKPN            Buku
                                                                             Belum Jatuh    Telah Jatuh
                                                                                                          Stage 1       Stage 2       Stage 3       Written-off
                                                                               Tempo          Tempo
                                                                                                                                                    Receivables
                                                                             Not Past Due    Past Due

  a                            b                               c                  d             e            f            g             h                i


        Pengadaan Listrik, Gas, Uap/Air Panas dan
        Udara Dingin
  4                                                                  71                 -             -            0              -             -                -
        Electricity, Gas, Steam/Hot Water and Air
        Conditioning Supply

        Pengelolaan Air, Pengelolaan Air Limbah,
        Pengelolaan dan Daur Ulang Sampah, dan
  5     Aktivitas Remediasi                                        4,766                -             -          117              -             -                -
        Water Supply, Waste Management, Waste and
        Recycling Activities, and Remediation Activities

        Konstruksi
  6                                                                5,393              123             -           55           20               -                -
        Construction

        Perdagangan Besar dan Eceran; Reparasi dan
        Perawatan Mobil dan Sepeda Motor
  7                                                          10,251,810          57,750        50,602      211,177        20,106        35,834          107,455
        Wholesale and Retail Trade; Repair of Motor
        Vehicles and Motorcycles

        Pengangkutan dan Pergudangan
  8                                                            476,335            3,080          2,191       3,593            447        1,111               1,931
        Transportation and Warehousing

        Penyediaan Akomodasi dan Penyediaan
        Makan Minum
  9                                                           8,606,211          29,243        33,128      126,435         7,911        22,061           61,322
        Accommodation and Food and Beverage
        Services

        Informasi dan Komunikasi
  10                                                            20,165                  -           102           92              -          24                  -
        Information and Communication

        Aktivitas Keuangan dan Asuransi
  11                                                           153,135                 60           341          443            9            82                  -
        Financial and Insurance Activities

        Real Estat
  12                                                               1,701              264             -           39          199               -                -
        Real Estate

        Aktivitas Profesional, Ilmiah dan Teknis
  13    Professional, Scientific and Technical                     3,369                -             -           41              -             -                -
        Activities

        Aktivitas Penyewaan dan Sewa Guna Usaha
        Tanpa Hak Opsi, Ketenagakerjaan, Agen
        Perjalanan dan Penunjang Usaha Lainnya
  14                                                          4,164,659          13,935         10,426      37,546         2,831         5,688           16,137
        Rental and Leasing Activities, Employment
        Services, Travel Agencies, and Other Business
        Support Services

        Administrasi Pemerintahan, Pertahanan dan
        Jaminan Sosial Wajib
  15                                                                     -              -             -             -             -             -                -
        Public Administration, Defence and Mandatory
        Social Security

        Pendidikan
  16                                                            19,051                171           598          258           56           599                97
        Education

        Aktivitas Kesehatan Manusia dan Aktivitas
  17    Sosial                                                  90,754           12,730             479          954       4,343            244              1,198
        Human Health and Social Work Activities

        Kesenian, Hiburan dan Rekreasi
  18                                                            21,335                368             -          129          44                -                -
        Arts, Entertainment and Recreation

        Aktivitas Jasa Lainnya
  19                                                          2,453,871           8,922         8,395       25,271         2,197         5,273           15,743
        Other Service Activities

        Aktivitas Rumah Tangga sebagai Pemberi Kerja;
        Aktivitas yang Menghasilkan Barang dan Jasa
        oleh Rumah Tangga yang Digunakan untuk
  20    Memenuhi Kebutuhan Sendiri                            1,737,236           7,509          7,833      29,307         2,594         4,362           13,561
        Activities of Households as Employers;
        Undifferentiated Goods- and Services-
        Producing Activities of Households for Own Use




       362                                                                                                                            Laporan Tahunan 2025
Page 363
                                                                                                                                             PT Bank Mandiri Taspen




                                                                                Tagihan yang Mengalami
                                                                                                                                                                 Tagihan
                                                                                    Penurunan Nilai
                                                                                                                   CKPN          CKPN              CKPN            yang
                                                                                  Impaired Receivables
                     Sektor Ekonomi                           Tagihan                                             Stage 1       Stage 2           Stage 3        Dihapus
 No.
                     Economic Sector                         Receivables                                           CKPN          CKPN              CKPN            Buku
                                                                               Belum Jatuh    Telah Jatuh
                                                                                                                  Stage 1       Stage 2           Stage 3       Written-off
                                                                                 Tempo          Tempo
                                                                                                                                                                Receivables
                                                                               Not Past Due    Past Due

  a                           b                                  c                  d                 e                 f             g               h               i


       Aktivitas Badan Internasional dan Badan
       Ekstra Internasional Lainnya
  21                                                                       -              -               -                 -                -              -                -
       Activities of Extraterritorial Organizations
       and Bodies

       Rumah Tangga
  22                                                           10,631,757          40,603            32,481           99,649          9,627          18,003           49,495
       Households

       Bukan Lapangan Usaha Lainnya
  23                                                                       -              -               -                 -                -              -                -
       Other Non-Business Fields

       Lainnya
  24                                                                       -              -               -                 -                -              -                -
       Others

       Total                                                  46,261,415          200,772        175,406              647,804     56,903           112,806           325,535




Pengungkapan Tagihan Berdasarkan Hari Tunggakan (CRB 6)
Disclosure of Claims by Days Past Due (CRB 6)

Tabel Pengungkapan Tagihan Berdasarkan Hari Tunggakan (CRB 6)
Table of Disclosure of Claims by Days Past Due (CRB 6)

Bank secara Individu
                                                                                                                                          (dalam jutaan rupiah / in IDR million)



                                                             Posisi 31 Desember 2025                                     Posisi 31 Desember 2024
                                                          Position as of 31 December 2025                             Position as of 31 December 2024

                                                  Tagihan Berdasarkan Hari Tunggakan                            Tagihan Berdasarkan Hari Tunggakan
                                                      Receivables by Days Past Due                                  Receivables by Days Past Due
                 Jenis Eksposur
 No.                                                             > 120                                                       > 120
                 Exposure Type                 > 90 hari                                                      > 90 hari
                                                                hari s.d.                                                   hari s.d.
                                               s.d. 120                           > 180                       s.d. 120                            > 180
                                                                180 hari                                                    180 hari
                                                 hari                              hari                         hari                               hari
                                                                 > 120                        Total                          > 120                                 Total
                                                 > 90                             > 180                         > 90                              > 180
                                                                  days                                                        days
                                               days s.d.                          days                        days s.d.                           days
                                                                s.d. 180                                                    s.d. 180
                                               120 days                                                       120 days
                                                                 hdays                                                       hdays

  a                     b                             c              d              e           f                g                h                   i                j

       Kredit yang termasuk dalam
       Tagihan yang Telah Jatuh
  1    Tempo                                     89,408          134,609          93,615      317,632          69,121           53,572            52,713          175,406
       Loans included in Past Due
       Receivables

       Surat Berharga yang
       termasuk dalam Tagihan yang
  2    Telah Jatuh Tempo                              -              -               -           -                -               -                   -                -
       Securities included in Past
       Due Receivables

       TOTAL                                     89,408          134,609          93,615      317,632          69,121           53,572            52,713          175,406




2025 Annual Report                                                                                                                                                363
Page 364
Informasi Eksposur Risiko dan Permodalan
Risk Exposure and Capital Information




Pengungkapan Tambahan Terkait Perlakuan Terhadap Aset Bermasalah (CRB-A)
Additional Disclosure Related to the Treatment of Non-Performing Assets (CRB-A)

Pengungkapan Tambahan terkait Perlakuan terhadap Aset Bermasalah (CRB-A)
Additional Disclosure Related to the Treatment of Non-Performing Assets (CRB-A)


                                                            Analisis Kualitatif
                                                            Qualitative Analysis

  1.    Bank mendefinisikan “Tagihan yang Telah Jatuh Tempo” dan             The Bank defines “Past Due Receivables” and “Impaired
        “Tagihan yang Mengalami Penurunan Nilai” sesuai dengan SEOJK         Receivables” in accordance with SEOJK No. 24/SEOJK.03/2021 as
        no 24/SEOJK.03.2021 sebagai berikut:                                 follows:
        a.   Tagihan yang Telah Jatuh Tempo adalah tagihan yang telah        a. Past Due Receivables are receivables that are more than 90
             jatuh tempo lebih dari 90 (sembilan puluh) hari, baik atas         (ninety) days past due, either for principal and/or interest
             pembayaran pokok dan/atau pembayaran bunga, atau tagihan           payments, or receivables from debtors in default.
             kepada debitur yang wanprestasi.
        b.   Tagihan yang Mengalami Penurunan Nilai adalah tagihan yang      b. Impaired Receivables are receivables identified as impaired,
             teridentifikasi mengalami penurunan nilai, yaitu berada pada       namely those classified under Stage 2 (underperforming assets)
             Stage 2 (aset kurang baik) dan Stage 3 (aset tidak baik).          and Stage 3 (non-performing assets).

  2.    Tagihan yang telah jatuh tempo diklasifikasikan sebagai tagihan      Past due receivables are classified as impaired receivables;
        yang mengalami penurunan nilai sehingga tidak terdapat tagihan       therefore, there are no past due receivables (more than 90 days)
        yang telah jatuh tempo (lebih dari 90 hari) yang tidak dianggap      that are not considered impaired.
        mengalami penurunan nilai.

  3.    Dalam perhitungan CKPN, Bank menggunakan metode expected             In calculating Expected Credit Loss (CKPN), the Bank applies a
        loss yang bersifat forward looking yang mewajibkan Bank untuk        forward-looking expected loss methodology, which requires the
        mengukur estimasi risiko berdasarkan data makroekonomi.              Bank to estimate risk based on macroeconomic data. This forward-
        Perhitungan pencadangan secara forward looking dimaksudkan           looking provisioning approach is intended to enhance the Bank’s
        agar Bank lebih siap dalam menghadapi potensi serta skenario dari    preparedness in facing potential future macroeconomic conditions
        kondisi makroekonomi di masa mendatang.                              and scenarios.
        Secara umum terdapat 3 (tiga) Stage yang dibagi sesuai dengan        In general, credit exposures are categorized into three (3) Stages
        hasil evaluasi terhadap risiko kredit. Pada Stage 1, Bank mengukur   based on credit risk evaluation results. In Stage 1, the Bank
        penyisihan kerugian untuk aset keuangan sejumlah kerugian kredit     measures loss allowances for financial assets at an amount equal to
        ekspektasian 12 (dua belas) bulan. Pada Stage 2 dan Stage 3, Bank    12-month expected credit losses. In Stage 2 and Stage 3, the Bank
        mengukur penyisihan kerugian untuk aset keuangan sejumlah            measures loss allowances for financial assets at an amount equal to
        kredit ekspektasian dihitung sepanjang umur kredit (lifetime).       lifetime expected credit losses.




                                                            Analisis Kualitatif
                                                            Qualitative Analysis

 1.     Aset performing dikategorikan untuk aset dengan kualitas Lancar      Performing assets are categorized as assets with Current quality
        (Kol 1), dan kualitas Dalam Perhatian Khusus (DPK) (Kol 2).          (Grade 1) and Special Mention (Grade 2). Meanwhile, non-
        Sedangkan aset non-performing dikategorikan untuk aset dengan        performing assets are categorized as assets with Substandard
        kualitas Kurang Lancar (Kol 3), Diragukan (Kol 4), dan Macet (Kol    (Grade 3), Doubtful (Grade 4), and Loss (Grade 5) quality. These
        5). Aset non-performing tersebut sama dengan Tagihan yang telah      non-performing assets are equivalent to past due receivables. The
        Jatuh Tempo. Penetapan kualitas L (Lancar), DPK (Dalam Perhatian     classification of Current (L), Special Mention (DPK), Substandard
        Khusus), KL (Kurang Lancar), D (Diragukan), dan M (Macet) sesuai     (KL), Doubtful (D), and Loss (M) is conducted in accordance with
        dengan Peraturan Otoritas Jasa Keuangan mengenai penilaian           Financial Services Authority (OJK) regulations regarding the
        kualitas aset bank umum.                                             assessment of asset quality for commercial banks.

 2.     Restrukturisasi Kredit merupakan upaya perbaikan yang                Credit restructuring is a corrective measure undertaken by the
        dilakukan Bank dalam kegiatan perkreditan terhadap Debitur yang      Bank in lending activities for debtors experiencing difficulties in
        mengalami kesulitan untuk memenuhi kewajibannya dengan tetap         fulfilling their obligations, while still adhering to the principles of
        memperhatikan prinsip objetivitas, independensi, menghindari         objectivity, independence, avoidance of conflicts of interest, and
        benturan kepentingan serta prinsip kewajaran. Pelaksanaan            fairness. Restructuring is carried out by considering criteria such as
        restrukturisasi mempertimbangkan kriteria antara lain debitur        debtors experiencing difficulties in paying principal and/or interest
        mengalami kesulitan pembayaran angsuran pokok dan/atau bunga,        installments, and/or debtors who are expected to face financial
        dan/atau debitur diperkirakan akan mengalami kesulitan keuangan,     difficulties, as well as debtors who still have viable business
        serta debitur yang masih memiliki prospek usaha/prospek              prospects or income potential and are deemed capable of meeting
        pendapatan yang baik dan dinilai mampu memenuhi kewajiban            their obligations after restructuring.
        setelah kredit direstrukturisasi.
        Bank memiliki kredit yang disalurkan kepada korporasi yang           The Bank provides credit to corporate borrowers, with risk-
        pembobotannya mengikuti ketentuan dari otoritas jasa keuangan        weighting following the regulations of the Financial Services
        akan tetapi saat ini Bank hanya memiliki 3 (tiga) pengkategorian     Authority. However, currently the Bank only has three credit
        segmentasi kredit yaitu Pensiun, Mikro dan Retail.                   segments, namely Pension, Micro, and Retail segments..




       364                                                                                                                  Laporan Tahunan 2025
Page 365
                                                                                                                              PT Bank Mandiri Taspen




                                                                  Analisis Kualitatif
                                                                  Qualitative Analysis

  1.    Agunan dinilai berdasarkan prinsip independensi, jujur, obyektif,           Collateral is assessed based on the principles of independence,
        professional dengan memperhatikan kriteria obyek penilaian antara           integrity, objectivity, and professionalism, by considering valuation
        lain marketability, ascertainability, stability of value, transferability   criteria such as marketability, ascertainability, stability of value,
        serta legality.                                                             transferability, and legality.

  2.    Dalam penggunaan teknik MRK pada perhitungan Aset Tertimbang                In the application of Credit Risk Mitigation (CRM) techniques for
        Menurut Risiko untuk Risiko Kredit, Bank hanya menggunakan                  the calculation of Risk-Weighted Assets (RWA) for credit risk, the
        agunan yang bersifat tunai.                                                 Bank only recognizes cash collateral.




                                                                  Analisis Kualitatif
                                                                  Qualitative Analysis

  1.    Bank menggunakan Lembaga pemeringkat sesuai dengan                          The Bank uses rating agencies in accordance with SEOJK No.
        ketentuan dalam SEOJK Nomor 37/SEOJK.03/2016 tentang                        37/SEOJK.03/2016 concerning Rating Agencies and Ratings
        Lembaga Pemeringkat dan Peringkat yang Diakui Otoritas Jasa                 Recognized by the Financial Services Authority, namely Fitch
        Keuangan, yaitu Perusahaan Pemeringkat Fitch Rating dan                     Ratings and PT Pemeringkat Efek Indonesia.
        PT. Pemeringkat Efek Indonesia

  2.    Bobot risiko sesuai peringkat ditetapkan untuk jenis kategori               Risk weights based on credit ratings are applied to portfolio
        portfolio sesuai dengan yang diatur dalam SEOJK Nomor 24/                   categories as stipulated in SEOJK No. 24/SEOJK.03/2021
        SEOJK.03/2021 tentang Perhitungan Aset Tertimbang Menurut                   concerning the Calculation of Risk-Weighted Assets for Credit Risk
        Risiko untuk Risiko Kredit dengan Menggunakan Pendekatan                    Using the Standardized Approach for Commercial Banks. Portfolio
        Standar bagi Bank Umum. Kategori Portfolio yang menggunakan                 categories that utilize external ratings include employee or pension
        peringkat adalah kredit pegawai atau pensiun dan Tagihan Kepada             loans and exposures to other financial service institutions.
        Lembaga Jasa Keuangan lainnya.




Pengungkapan Aset Performing dan Non-Performing (CRB-A 1)
Disclosure of Performing and Non-Performing Assets (CRB-A 1)

Tabel Pengungkapan Aset Performing dan Non-Performing (CRB-A 1)
Table of Disclosure of Performing and Non-Performing Assets (CRB-A 1)

Bank secara Individu
                                                                                                                           (dalam jutaan rupiah / in IDR million)



                                                                                        Non Performing (Kualitas KL, D, M)

                                  Performing                                                  Tagihan yang Tidak Mengalami Penurunan Nilai
                             ( Kualitas L dan DPK)              Tagihan yang                            Receivables Not Impaired
                              Performing (Current            Mengalami Penurunan
                              and Special Mention)                   Nilai                    Memiliki Tunggakan >           Memiliki Tunggakan ≤
                                                             Impaired Receivables                    90 Hari                        90 Hari
                                                                                               Past Due > 90 Days             Past Due ≤ 90 Days

                               Nilai                            Nilai                           Nilai                           Nilai
                             Tercatat                         Tercatat                        Tercatat                        Tercatat
                              Bruto                            Bruto                           Bruto                           Bruto
                                               CKPN                             CKPN                           CKPN                                CKPN
                              Gross                            Gross                           Gross                           Gross
                             Carrying                         Carrying                        Carrying                        Carrying
                             Amount                           Amount                          Amount                          Amount

                                  a               b                c                d              e              f                g                  h

       Surat Berharga
 1                          13,019,332                 -               -                 -         -               -                -                  -
       Securities

       Kredit
 2                          50,213,084        613,257          317,632         157,173             -               -                -                  -
       Loans

       a. Korporasi
                                        -              -               -                 -         -               -                -                  -
       a. Corporate




2025 Annual Report                                                                                                                                 365
Page 366
Informasi Eksposur Risiko dan Permodalan
Risk Exposure and Capital Information




                                                                                           Non Performing (Kualitas KL, D, M)

                               Performing                                                        Tagihan yang Tidak Mengalami Penurunan Nilai
                          ( Kualitas L dan DPK)                   Tagihan yang                             Receivables Not Impaired
                           Performing (Current                 Mengalami Penurunan
                           and Special Mention)                        Nilai                     Memiliki Tunggakan >             Memiliki Tunggakan ≤
                                                               Impaired Receivables                     90 Hari                          90 Hari
                                                                                                  Past Due > 90 Days               Past Due ≤ 90 Days

                            Nilai                                    Nilai                         Nilai                            Nilai
                          Tercatat                                 Tercatat                      Tercatat                         Tercatat
                           Bruto                                    Bruto                         Bruto                            Bruto
                                              CKPN                                  CKPN                            CKPN                              CKPN
                           Gross                                    Gross                         Gross                            Gross
                          Carrying                                 Carrying                      Carrying                         Carrying
                          Amount                                   Amount                        Amount                           Amount

                               a                  b                   c               d                  e              f             g                  h

      b. Ritel
                         50,213,084           613,257              317,632          157,173              -              -              -                  -
      b. Retail

      Transaksi
      Rekening
      Administratif
      Off-Balance
 3                                 927                 -                    -               -            -              -              -                  -
      Sheet
      Transactions
      (Administrative
      Accounts)




Pengungkapan Aset Restrukturisasi Performing dan Non-Performing (CRB-A12)
Disclosure of Performing and Non-Performing Restructured Assets (CRB-A12)

Tabel Pengungkapan Aset Restrukturisasi Performing dan Non-Performing (CRB-A 2)
Table of Disclosure of Performing and Non-Performing Restructured Assets (CRB-A 2)

Bank secara Individu
                                                                                                                              (dalam jutaan rupiah / in IDR million)



                           Performing
                                                       Non Performing
                         (Kualitas L dan
                                                      (Kualitas KL, D, M)
                              DPK)
                                                       Non-Performing                      Stage 1                  Stage 2                     Stage 3
                           Performing
                                                        (Substandard,
                          (Current and
                                                        Doubtful, Loss)
                         Special Mention)

                          Nilai                         Nilai                         Nilai                    Nilai                    Nilai
                        Tercatat                      Tercatat                      Tercatat                 Tercatat                 Tercatat
                         Bruto                         Bruto                         Bruto                    Bruto                    Bruto
                                     CKPN                              CKPN                      CKPN                       CKPN                       CKPN
                         Gross                         Gross                         Gross                    Gross                    Gross
                        Carrying                      Carrying                      Carrying                 Carrying                 Carrying
                        Amount                        Amount                        Amount                   Amount                   Amount

                           a              b                c               d           e             f          g             h             i                 j

     Surat Berharga
 1                             -              -                -                -      -             -              -             -             -                 -
     Securities

     Kredit
 2                      24,365           8,345         1,826              1,331        -             -       24,365           768          1,826         1,331
     Loans

     a. Korporasi
                               -              -                -                -      -             -              -             -             -                 -
     a. Corporate

     b. Ritel
                        24,365           8,345         1,826              1,331        -             -       24,365           768          1,826         1,331
     b. Retail




     366                                                                                                                               Laporan Tahunan 2025
Page 367
                                                                                                                                 PT Bank Mandiri Taspen




                                Performing
                                                        Non Performing
                              (Kualitas L dan
                                                       (Kualitas KL, D, M)
                                   DPK)
                                                        Non-Performing                    Stage 1                  Stage 2                   Stage 3
                                Performing
                                                         (Substandard,
                               (Current and
                                                         Doubtful, Loss)
                              Special Mention)

                              Nilai                      Nilai                     Nilai                     Nilai                     Nilai
                            Tercatat                   Tercatat                  Tercatat                  Tercatat                  Tercatat
                             Bruto                      Bruto                     Bruto                     Bruto                     Bruto
                                           CKPN                        CKPN                     CKPN                     CKPN                      CKPN
                             Gross                      Gross                     Gross                     Gross                     Gross
                            Carrying                   Carrying                  Carrying                  Carrying                  Carrying
                            Amount                     Amount                    Amount                    Amount                    Amount

                                 a            b            c             d            e             f          g             h           i             j

       Transaksi
       Rekening
       Administratif
       Off-Balance
 3                               280              -            -             -        -             -              -             -           -             -
       Sheet
       Transactions
       (Administrative
       Accounts)




Pengungkapan Kualitatif Terkait Teknik MRK (CRC)
Qualitative Disclosure Related to CRM Techniques (CRC)

Pengungkapan Kualitatif terkait Teknik MRK (CRC)
Qualitative Disclosure Related to CRM Techniques (CRC)


                                                                     Analisis Kualitatif
                                                                     Qualitative Analysis

  1.      Agunan dinilai berdasarkan prinsip independensi, jujur, obyektif,           Collateral is assessed based on the principles of independence,
          professional dengan memperhatikan kriteria obyek penilaian antara           integrity, objectivity, and professionalism, by considering valuation
          lain marketability, ascertainability, stability of value, transferability   criteria such as marketability, ascertainability, stability of value,
          serta legality.                                                             transferability, and legality.

  2.      Dalam penggunaan teknik MRK pada perhitungan Aset Tertimbang                In the application of Credit Risk Mitigation (CRM) techniques for
          Menurut Risiko untuk Risiko Kredit, Bank hanya menggunakan                  the calculation of Risk-Weighted Assets (RWA) for credit risk, the
          agunan yang bersifat tunai.                                                 Bank only recognizes cash collateral.




Pengungkapan Kualitatif Counterparty Credit Risk (CCRA)
Qualitative Disclosure of Counterparty Credit Risk (CCRA)

Tabel Pengungkapan Kualitatif Counterparty Credit Risk (CCRA)
Table of Qualitative Disclosure of Counterparty Credit Risk (CCRA)


                                                                   Counterparty Credit Risk

 Bank mendefinisikan Counterparty Credit Risk sesuai dengan Peraturan            Bank defines Counterparty Credit Risk in accordance with Financial
 Otoritas Jasa Keuangan Nomor 18/POJK.03/2016 Tentang Penerapan                  Services Authority (OJK) Regulation No. 18/POJK.03/2016 concerning
 Manajemen Risiko Bagi Bank Umum, sebagai risiko yang timbul akibat              the Implementation of Risk Management for Commercial Banks, as the
 terjadinya kegagalan pihak lawan dalam memenuhi kewajibannya dan                risk arising from the failure of a counterparty to fulfill its obligations,
 timbul dari jenis transaksi yang memiliki karakteristik tertentu. Pada          which arises from certain types of transactions with specific
 Bank, risiko kredit akibat pihak lawan (counterparty credit risk) dapat         characteristics. In the Bank, counterparty credit risk may arise from
 terjadi akibat adanya transaksi repo atau reverse repo.                         repo or reverse repo transactions.
 Dalam melaksanakan perhitungan KPMM, sejalan dengan SEOJK No.                   In the calculation of Capital Adequacy Requirements (KPMM), in line
 23/SEOJK.03/2022 tentang Perhitungan Aset Tertimbang Menurut                    with SEOJK No. 23/SEOJK.03/2022 concerning the Calculation of
 Risiko Untuk Risiko Pasar Bagi Bank Umum, perhitungan Credit                    Risk-Weighted Assets for Market Risk for Commercial Banks, the
 Valuation Adjustment (CVA) dimasukkan kedalam perhitungan ATMR                  Credit Valuation Adjustment (CVA) is included in the calculation of
 Risiko Pasar.                                                                   Market Risk-Weighted Assets (RWA).




2025 Annual Report                                                                                                                               367
Page 368
Informasi Eksposur Risiko dan Permodalan
Risk Exposure and Capital Information




Analisis Eksposur Counterpary Credit Risk (CCR1)
Analysis of Counterparty Credit Risk Exposures (CCR1)

Tabel Analisis Eksposur Counterparty Credit Risk (CCR1)
Table of Analysis of Counterparty Credit Risk Exposures (CCR1)


                                       a                 b                 c                   d                    e                f

                                                                                            Alpha
                                                      Potential
                                                                                      digunakan untuk
                                                       future
                                                                                         perhitungan
                                Replacement           exposure                                                 Tagihan
                                                                                       regulatory EAD
                                 cost (RC)              (PFE)                                                   Bersih            ATMR
                                                                         EEPE           Alpha used for
                                Replacement           Potential                                                  “Net             RWA
                                                                                      the calculation of
                                 cost (RC)             future                                                 Receivables
                                                                                       regulatory EAD
                                                      exposure
                                                                                         (Exposure at
                                                        (PFE)
                                                                                           Default)

       SA-CCR (untuk
       derivatif)
  1                                    -                  -                                   1.4                   -                -
       SA-CCR (for
       derivatives)

       Metode Internal Model
       (untuk derivatif dan
       SFT)
  2                                                                                                               N/A              N/A
       Internal Model Method
       (for derivatives and
       SFT)

       Pendekatan sederhana
       untuk mitigasi risiko
       kredit (untuk SFT)
  3                                                                                                               N/A              N/A
       Simple Approach for
       Credit Risk Mitigation
       (for SFT)

       Pendekatan
       komprehensif untuk
       mitigasi risiko kredit
       (untuk SFT)
  4                                                                                                                 -                -
       Comprehensive
       Approach for Credit
       Risk Mitigation (for
       SFT)

       VaR untuk SFT
  5                                                                                                               N/A              N/A
       VaR for SFT

  6    Total                                                                                                                         -




                                                              Analisis Kualitatif
                                                              Qualitative Analysis

 Bank belum memiliki eksposur atas laporan tersebut                      The Bank does not have any exposure related to the above report.




      368                                                                                                               Laporan Tahunan 2025
Page 369
                                                                                                          PT Bank Mandiri Taspen




Eksposur CCR Berdasarkan Kategori Portofolio dan Bobot Risiko (CCR3)
CCR Exposures by Portfolio Category and Risk Weight (CCR3)

Tabel Eksposur CCR berdasarkan Kategori Portofolio dan Bobot Risiko (CCR3)
Table of CCR Exposures by Portfolio Category and Risk Weight (CCR3)

Bank secara Individu
                                                                                                        (dalam jutaan rupiah / in IDR Million)



                                                                           Bobot Risiko
                                                                           Risk Weights

                                        a         b       c         d          e       f         g           h                    i
         Kategori Portofolio
         Portfolio Category                                                                                                  Total
                                                                                                                           Tagihan
                                                                                                         Lainnya
                                       0%        10%    20%        50%        75%    100%     150%                          Bersih
                                                                                                         Others
                                                                                                                           Total Net
                                                                                                                          Receivables

 Indonesia

 Tagihan kepada Pemerintah dan
 Bank Sentral
                                     1,014,855    -        -         -         -        -        -            -             1,014,855
 Claims on Governments and
 Central Banks

 Tagihan kepada Entitas Sektor
 Publik                                  -        -        -         -         -        -        -            -                   -
 Claims on Public Sector Entities

 Tagihan kepada Bank
 Pembangunan Multilateral dan
 Lembaga Internasional
                                         -        -        -         -         -        -        -            -                   -
 Claims on Multilateral
 Development Banks and
 International Institutions

 Tagihan kepada Bank Lain
                                         -        -        -         -         -        -        -            -                   -
 Claims on Banks

 Tagihan kepada perusahaan
 sekuritas                               -        -        -         -         -        -        -            -                   -
 Claims on Securities Companies

 Tagihan kepada Korporasi
                                         -        -        -         -         -        -        -            -                   -
 Claims on Corporates

 Tagihan Kepada Usaha Mikro,
 Usaha Kecil, dan Portofolio Ritel
                                         -        -        -         -         -        -        -            -                   -
 Claims on Micro, Small
 Enterprises and Retail Portfolios

 Aset lainnya
                                         -        -        -         -         -        -        -            -                   -
 Other Assets

 Total                               1,014,855    -        -         -         -        -        -            -             1,014,855




                                                       Analisis Kualitatif
                                                       Qualitative Analysis

 Bank hanya memiliki eksposur pada Tagihan kepada Pemerintah dan   The Bank only has exposure to claims on Governments and Central
 Bank Sentral                                                      Banks.




2025 Annual Report                                                                                                              369
Page 370
Informasi Eksposur Risiko dan Permodalan
Risk Exposure and Capital Information




Tagihan Bersih Derivatif Kredit (CCR6)
Net Credit Derivative Receivables (CCR6)

Tabel Tagihan Bersih Derivatif Kredit (CCR6)
Table of Net Credit Derivative Receivables (CCR6)


                                                                                                a                               b

                                                                                     Proteksi yang dibeli           Proteksi yang dijual
                                                                                     (Protection bought)             (Protection sold)
                                                                                      Protection bought               Protection sold

 Indonesia

 Nilai Notional

   Single-name credit default swaps                                                             -                                -

   Index credit default swaps                                                                   -                                -

   Total return swaps                                                                           -                                -

   Credit options                                                                               -                                -

   Derivatif kredit lainnya
                                                                                                -                                -
   Other credit derivatives

 Total Nilai Notional                                                                           -                                -

 Nilai wajar
 Fair Value

   Nilai wajar positif (aset)
                                                                                                -                                -
   Positive fair value (asset)

   Nilai wajar negatif (kewajiban)
                                                                                                -                                -
   Negative fair value (liability)




                                                            Analisis Kualitatif
                                                            Qualitative Analysis

 Bank belum memiliki eksposur atas laporan tersebut                     The Bank has no exposure related to this report.




Pengungkapan Kualitatif Mengenai Eksposur Sekuritisasi (SECA)
Qualitative Disclosure on Securitization Exposures (SECA)

Pengungkapan Kualitatif mengenai Eksposur Sekuritisasi (SECA)
Qualitative Disclosure on Securitization Exposures (SECA)


                                                          Eksposur Sekuritisasi
                                                         Securitization Exposures

 Pada posisi 31 Desember 2025, Bank tidak memiliki sekuritisasi aset.   As of 31 December 2025, the Bank did not have any securitization
                                                                        exposures.




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                                                                                                                              PT Bank Mandiri Taspen




Eksposur Sekuritisasi Pada Banking Book (SEC1)
Securitization Exposures in the Banking Book (SEC1)

Tabel Eksposur Sekuritisasi pada Banking Book (SEC1)
Table of Securitization Exposures in the Banking Book (SEC1)

                                 a              b               c            e               f           g             i             j             k

                                      Bank sebagai originator                     Bank sebagai sponsor                     Bank sebagai investor
                                        Bank as Originator                          Bank as Sponsor                          Bank as Investor

                             Traditional      Sintetis   Sub-total       Traditional     Sintetis    Sub-total   Traditional      Sintetis   Sub-total
                             Traditional     Synthetic   Sub-total       Traditional    Synthetic    Sub-total   Traditional     Synthetic   Sub-total

      Retail (total) –
      antara lain
 1                                -              -              -             -              -            -            -             -             -
      Retail (total) –
      including

      Kredit perumahan
 2    Residential                 -              -              -             -              -            -            -             -             -
      mortgage loans

      Kartu kredit
 3                                -              -              -             -              -            -            -             -             -
      Credit cards

      Eksposur ritel
      lainnya
 4                                -              -              -             -              -            -            -             -             -
      Other retail
      exposures

      Re-sekuritisasi
 5                                -              -              -             -              -            -            -             -             -
      Re-securitisation

      Non-retail (total) –
      antara lain
 6                                -              -              -             -              -            -            -             -             -
      Non-retail (total) –
      including

      Kredit korporasi
 7                                -              -              -             -              -            -            -             -             -
      Corporate loans

      Kredit komersil
 8                                -              -              -             -              -            -            -             -             -
      Commercial loans

      Sewa dan piutang
 9    Leases and                  -              -              -             -              -            -            -             -             -
      receivables

      Non-retail lainnya
 10   Other non-retail            -              -              -             -              -            -            -             -             -
      exposures

      Re-sekuritisasi
 11                               -              -              -             -              -            -            -             -             -
      Re-securitisation




                                                                    Analisis Kualitatif
                                                                    Qualitative Analysis

 Bank belum memiliki eksposur atas laporan tersebut.                              The Bank does not have any exposure related to the above report.




2025 Annual Report                                                                                                                            371
Page 372
Informasi Eksposur Risiko dan Permodalan
Risk Exposure and Capital Information




Eksposur Sekuritisasi Pada Trading Book (SEC2)
Securitization Exposures in the Trading Book (SEC2)

Tabel Eksposur Sekuritisasi pada Trading Book (SEC2)
Table of Securitization Exposures in the Trading Book (SEC2)

                                                                             a                    b                       c

                                                                                     Bank sebagai originator
                                                                                       Bank as Originator

                                                                     Traditional               Sintetis              Sub-total
                                                                     Traditional              Synthetic              Sub-total

      Retail (total) –antara lain
 1                                                                           -                     -                      -
      Retail (total) – including

      Kredit perumahan
 2                                                                           -                     -                      -
      Residential mortgage loans

      Kartu kredit
 3                                                                           -                     -                      -
      Credit cards

      Eksposur ritel lainnya
 4                                                                           -                     -                      -
      Other retail exposures

      Re-sekuritisasi
 5                                                                           -                     -                      -
      Re-securitisation

      Non-retail (total) – antara lain
 6                                                                           -                     -                      -
      Non-retail (total) – including

      Kredit korporasi
 7                                                                           -                     -                      -
      Corporate loans

      Kredit komersil
 8                                                                           -                     -                      -
      Commercial loans

      Sewa dan piutang
 9                                                                           -                     -                      -
      Leases and receivables

      Non-retail lainnya
 10                                                                          -                     -                      -
      Other non-retail exposures

      Re-sekuritisasi
 11                                                                          -                     -                      -
      Re-securitisation




                                                      Analisis Kualitatif
                                                      Qualitative Analysis

 Bank belum memiliki eksposur atas laporan tersebut              The Bank does not have any exposure related to the above report.




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                                                                                        PT Bank Mandiri Taspen




          e                   f                g             i                  j                   k

                     Bank sebagai sponsor                             Bank sebagai investor
                       Bank as Sponsor                                  Bank as Investor

     Traditional           Sintetis         Sub-total   Traditional          Sintetis           Sub-total
     Traditional          Synthetic         Sub-total   Traditional         Synthetic           Sub-total


           -                  -                 -            -                  -                   -


           -                  -                 -            -                  -                   -


           -                  -                 -            -                  -                   -


           -                  -                 -            -                  -                   -


           -                  -                 -            -                  -                   -


           -                  -                 -            -                  -                   -


           -                  -                 -            -                  -                   -


           -                  -                 -            -                  -                   -


           -                  -                 -            -                  -                   -


           -                  -                 -            -                  -                   -


           -                  -                 -            -                  -                   -




2025 Annual Report                                                                                      373
Page 374
Informasi Eksposur Risiko dan Permodalan
Risk Exposure and Capital Information




Eksposur Sekuritisasi Pada Banking Book dan Terkait Persyaratan Modalnya –
Bank Yang Bertindak Sebagai Originator atau Sponsor (SEC3)
Securitization Exposures in the Banking Book and Related Capital Requirements –
Bank Acting as Originator or Sponsor (SEC3)

Tabel Eksposur Sekuritisasi pada Banking Book dan terkait Persyaratan Modalnya -
Bank yang Bertindak Sebagai Originator atau Sponsor (SEC3)
Table of Securitization Exposures in the Banking Book and Related Capital Requirements –
Bank Acting as Originator or Sponsor (SEC3)

                                             a             b               c                d            e             f             g

                                                                                                                        Nilai eksposur
                                                                      Nilai eksposur                               (berdasarkan regulatory
                                                               (berdasarkan Bobot Risiko)                                 approach)
                                                                     “Exposure Value                                   “Exposure Value
                                                                 (based on Risk Weight)”                             (based on regulatory
                 Indonesia                                                                                               approach)”
                 Indonesia
                                                                                     >100% to         1250%
                                          ≤20%          >20% to        >50% to                                      IRB RBA
                                                                                      <1250%          Bobot
                                          Bobot           50%            100%                                      (termasuk
                                                                                    Bobot Risiko      Risiko
                                          Risiko      Bobot Risiko   Bobot Risiko                                      IAA)       IRB SFA
                                                                                     “>100% to           “
                                          “≤20%         “>20% to       “>50% to                                    “IRB RBA       IRB SFA
                                                                                      <1250%          1250%
                                           Risk           50%            100%                                      (including
                                                                                        Risk           Risk
                                          Weight”     Risk Weight”   Risk Weight”                                     IAA)”
                                                                                      Weighto”        Weight”

        Total eksposur
  1                                          -             -               -                -            -              -             -
        Total exposure

        Sekuritisasi tradisional
  2                                          -             -               -                -            -              -             -
        Traditional securitisation

        Dimana underlying sekuritisasi
  3                                          -             -               -                -            -              -             -
        Where underlying securitisation

        Ritel
  4                                          -             -               -                -            -              -             -
        Retail

        Non-ritel
  5                                          -             -               -                -            -              -             -
        Non-retail

        Dimana re-sekuritisasi
  6                                          -             -               -                -            -              -             -
        Where re-securitisation

        Senior
  7                                          -             -               -                -            -              -             -
        Senior

        Non-senior
  8                                          -             -               -                -            -              -             -
        Non-senior

        Sekuritisasi sintetis
  9                                          -             -               -                -            -              -             -
        Synthetic securitisation

        Dimana underlying sekuritisasi
  10                                         -             -               -                -            -              -             -
        Where underlying securitisation

        ritel
  11                                         -             -               -                -            -              -             -
        Retail

        non-ritel
  12                                         -             -               -                -            -              -             -
        Non-retail

        Dimana re-sekuritisasi
  13                                         -             -               -                -            -              -             -
        Where re-securitisation

        Senior
  14                                         -             -               -                -            -              -             -
        Senior

        Non-senior
  15                                         -             -               -                -            -              -             -
        Non-senior




                                                           Analisis Kualitatif
                                                           Qualitative Analysis

 Bank belum memiliki eksposur atas laporan tersebut                     The Bank does not have any exposure related to the above report.




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                                                                                                     PT Bank Mandiri Taspen




     h               i         j            k            l             m       n            o             p          q

      Nilai eksposur
 (berdasarkan regulatory                         ATMR
        approach)                  (berdasarkan regulatory approach)
                                                                                        Capital charge after cap
     “Exposure Value                         “RWA (ATMR)
   (based on regulatory              (based on regulatory approach)”
       approach)”


                            IRB RBA                                         IRB RBA
                           (termasuk                                       (termasuk
  SA/SSFA                      IAA)     IRB SFA      SA/SSFA                   IAA)     IRB SFA       SA/SSFA
                1250%                                              1250%                                           1250%
  SA/SSFA                  “IRB RBA     IRB SFA      SA/SSFA               “IRB RBA     IRB SFA       SA/SSFA
                           (including                                      (including
                              IAA)”                                           IAA)”


      -              -         -            -            -             -       -            -             -          -


      -              -         -            -            -             -       -            -             -          -


      -              -         -            -            -             -       -            -             -          -


      -              -         -            -            -             -       -            -             -          -


      -              -         -            -            -             -       -            -             -          -


      -              -         -            -            -             -       -            -             -          -


      -              -         -            -            -             -       -            -             -          -


      -              -         -            -            -             -       -            -             -          -


      -              -         -            -            -             -       -            -             -          -


      -              -         -            -            -             -       -            -             -          -


      -              -         -            -            -             -       -            -             -          -


      -              -         -            -            -             -       -            -             -          -


      -              -         -            -            -             -       -            -             -          -


      -              -         -            -            -             -       -            -             -          -


      -              -         -            -            -             -       -            -             -          -




2025 Annual Report                                                                                                 375
Page 376
Informasi Eksposur Risiko dan Permodalan
Risk Exposure and Capital Information




Eksposur Sekuritisasi Pada Banking Book dan Persyaratan Modalnya –
Bank Yang Bertindak Sebagai Investor (SEC4)
Securitization Exposures in the Banking Book and Related Capital Requirements –
Bank Acting as Investor (SEC4)

Tabel Eksposur Sekuritisasi pada Banking Book dan Persyaratan Modalnya - Bank yang Bertindak Sebagai Investor (SEC4)
Table of Securitization Exposures in the Banking Book and Related Capital Requirements – Bank Acting as Investor (SEC4)

                                             a             b               c                d            e             f             g

                                                                                                                        Nilai eksposur
                                                                      Nilai eksposur                               (berdasarkan regulatory
                                                               (berdasarkan Bobot Risiko)                                 approach)
                                                                     “Exposure Value                                   “Exposure Value
                                                                 (based on Risk Weight)”                             (based on regulatory
                 Indonesia                                                                                               approach)”
                 Indonesia
                                                                                     >100% to         1250%
                                          ≤20%          >20% to        >50% to                                      IRB RBA
                                                                                      <1250%          Bobot
                                          Bobot           50%            100%                                      (termasuk
                                                                                    Bobot Risiko      Risiko
                                          Risiko      Bobot Risiko   Bobot Risiko                                      IAA)       IRB SFA
                                                                                     “>100% to           “
                                          “≤20%         “>20% to       “>50% to                                    “IRB RBA       IRB SFA
                                                                                      <1250%          1250%
                                           Risk           50%            100%                                      (including
                                                                                        Risk           Risk
                                          Weight”     Risk Weight”   Risk Weight”                                     IAA)”
                                                                                      Weighto”        Weight”

        Total eksposur
  1                                          -             -               -                -            -              -             -
        Total exposure

        Sekuritisasi tradisional
  2                                          -             -               -                -            -              -             -
        Traditional securitisation

        Dimana underlying sekuritisasi
  3                                          -             -               -                -            -              -             -
        Where underlying securitisation

        Ritel
  4                                          -             -               -                -            -              -             -
        Retail

        Non-ritel
  5                                          -             -               -                -            -              -             -
        Non-retail

        Dimana re-sekuritisasi
  6                                          -             -               -                -            -              -             -
        Where re-securitisation

        Senior
  7                                          -             -               -                -            -              -             -
        Senior

        Non-senior
  8                                          -             -               -                -            -              -             -
        Non-senior

        Sekuritisasi sintetis
  9                                          -             -               -                -            -              -             -
        Synthetic securitisation

        Dimana underlying sekuritisasi
  10                                         -             -               -                -            -              -             -
        Where underlying securitisation

        ritel
  11                                         -             -               -                -            -              -             -
        Retail

        non-ritel
  12                                         -             -               -                -            -              -             -
        Non-retail

        Dimana re-sekuritisasi
  13                                         -             -               -                -            -              -             -
        Where re-securitisation

        Senior
  14                                         -             -               -                -            -              -             -
        Senior

        Non-senior
  15                                         -             -               -                -            -              -             -
        Non-senior




                                                           Analisis Kualitatif
                                                           Qualitative Analysis

 Bank belum memiliki eksposur atas laporan tersebut                     The Bank does not have any exposure related to the above report.




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                                                                                                     PT Bank Mandiri Taspen




     h               i         j            k            l             m       n            o             p          q

      Nilai eksposur
 (berdasarkan regulatory                         ATMR
        approach)                  (berdasarkan regulatory approach)
                                                                                        Capital charge after cap
     “Exposure Value                         “RWA (ATMR)
   (based on regulatory              (based on regulatory approach)”
       approach)”


                            IRB RBA                                         IRB RBA
                           (termasuk                                       (termasuk
  SA/SSFA                      IAA)     IRB SFA      SA/SSFA                   IAA)     IRB SFA       SA/SSFA
                1250%                                              1250%                                           1250%
  SA/SSFA                  “IRB RBA     IRB SFA      SA/SSFA               “IRB RBA     IRB SFA       SA/SSFA
                           (including                                      (including
                              IAA)”                                           IAA)”


      -              -         -            -            -             -       -            -             -          -


      -              -         -            -            -             -       -            -             -          -


      -              -         -            -            -             -       -            -             -          -


      -              -         -            -            -             -       -            -             -          -


      -              -         -            -            -             -       -            -             -          -


      -              -         -            -            -             -       -            -             -          -


      -              -         -            -            -             -       -            -             -          -


      -              -         -            -            -             -       -            -             -          -


      -              -         -            -            -             -       -            -             -          -


      -              -         -            -            -             -       -            -             -          -


      -              -         -            -            -             -       -            -             -          -


      -              -         -            -            -             -       -            -             -          -


      -              -         -            -            -             -       -            -             -          -


      -              -         -            -            -             -       -            -             -          -


      -              -         -            -            -             -       -            -             -          -




2025 Annual Report                                                                                                 377
Page 378
Informasi Eksposur Risiko dan Permodalan
Risk Exposure and Capital Information




Risiko Pasar
Market Risk


Risiko pasar merupakan Risiko pada posisi neraca dan rekening                 Market risk is the risk arising from positions in the statement
administratif termasuk transaksi derivatif, akibat perubahan                  of financial position and administrative accounts, including
secara keseluruhan dari kondisi pasar, termasuk Risiko                        derivative transactions, due to overall changes in market
perubahan harga option. Risiko pasar dapat berasal dari posisi                conditions, including the risk of changes in option prices. Market
banking book maupun posisi trading book.                                      risk may arise from positions in both the banking book and the
                                                                              trading book.


Pengungkapan Informasi Kualitatif Terkait Risiko Pasar Secara Umum (MRA)
General Qualitative Disclosure on Market Risk (MRA)

Penerapan Manajemen Risiko Untuk Risiko Pasar (MRA)
Implementation of Risk Management for Market Risk (MRA)


                                                             Analisis Kualitatif
                                                             Qualitative Analysis

  1.    Strategi dan proses manajemen risiko pasar yang dilakukan oleh         Risk Management Strategy and Process for Market Risk
        Bank
        Risiko Pasar merupakan Risiko pada posisi neraca dan rekening          Market Risk is defined as the risk in on-balance sheet and off-
        administratif termasuk transaksi derivatif, akibat perubahan secara    balance sheet positions, including derivative transactions, arising
        keseluruhan dari kondisi pasar, termasuk Risiko perubahan harga        from overall changes in market conditions, including the risk of
        option. Risiko pasar dapat berasal dari posisi banking book maupun     changes in option prices. Market risk may arise from both banking
        posisi trading book.                                                   book positions and trading book positions.
        Adapun dalam penerapan Manajemen Risiko untuk Risiko Pasar             In implementing Market Risk Management, the Bank adjusts
        disesuaikan dengan ukuran dan kompleksitas usaha Bank. Sampai          its approach based on the size and complexity of its business.
        dengan saat ini, Bank melakukan pengelolaan risiko pasar terhadap      Currently, the Bank manages market risk across all banking book
        seluruh portofolio banking book dan trading book.                      and trading book portfolios.
        Dalam rangka pengelolaan risiko pasar yang timbul pada portofolio      To manage market risk arising from banking book and trading book
        banking book dan trading book, Bank telah memiliki Kebijakan           portfolios, the Bank has established key internal policies, including
        Manajemen Risiko, Kebijakan Dana dan Jasa, Standar Prosedur            the Risk Management Policy, Funding and Services Policy, Treasury
        (SP) Treasury, SP Asset & Liability Management serta beberapa          Standard Procedures (SP), Asset & Liability Management SP, as
        Petunjuk Teknis turunan yang mengatur teknis pelaksanaan               well as several derivative technical guidelines that govern the
        ketentuan di atasnya. Pada ketentuan tersebut, telah diatur            implementation of these policies. These regulations cover the risk
        penerapan manajemen risiko mulai dari proses identifikasi,             management process, including risk identification, measurement,
        pengukuran, pemantauan dan pengendalian risiko pasar. Selain           monitoring, and control of market risk. In addition, the Bank’s
        hal tersebut, dalam pelaksanaan aktivitas treasury Bank telah          treasury activities are supported by a treasury system that is used
        menggunakan sistem treasury dalam rangka pencatatan transaksi          for transaction recording as well as market risk measurement and
        serta pengukuran dan pemantauan risiko pasar.                          monitoring.

  2.    Struktur dan organisasi pengelolaan manajemen risiko untuk             Risk management structure and organization for market risk
        risiko pasar
        Dalam mengimplementasikan penerapan Manajemen Risiko untuk             The Bank has adopted the following framework: a) Active
        Risiko Pasar, Bank telah menerapkan: a). Pengawasan Aktif Direksi      supervision by the Board of Directors and the Board of
        dan Komisaris; b). Kebijakan dan Prosedur Manajemen Risiko             Commissioners; b) Risk management policies and procedures,
        serta Penetapan Limit Risiko; c). Proses Identifikasi, Pengukuran,     as well as risk limit setting; c) Risk identification, measurement,
        Pemantauan, dan Pengendalian Risiko, serta Sistem Informasi            monitoring, and control processes, supported by a Market Risk
        Manajemen Risiko Pasar; d). Sistem Pengendalian Intern.                Management Information System; and d) Internal control system.
        Bank menerapkan prinsip segregation of duties dalam pengelolaan        The Bank applies the principle of segregation of duties in managing
        risiko pasar, dengan memisahkan fungsi front office dalam hal ini      market risk by separating the functions of front office, middle
        dijalankan oleh Unit Bisnis, middle office dalam hal ini dijalankan    office, and back office. The front office function is performed by
        oleh Unit Penglolaan Risiko Pasar dan back office dalam hal ini        the Business Unit, the middle office function is carried out by the
        dijalankan oleh Unit Operation.                                        Market Risk Management Unit, and the back office function is
        Unit Pengelola Risiko Pasar berada dibawah Divisi Risk                 handled by the Operations Unit.
        Management, dimana dalam hal ini fungsi tersebut merupakan             The Market Risk Management Unit is under the Risk Management
        tanggung jawab Departmen Market, Liquidity & Data Analytics.           Division, specifically within the Market, Liquidity & Data Analytics
        Adapun gambaran Divisi Risk Management sesuai dengan struktur          Department. The structure of the Risk Management Division is
        organisasi berikut:                                                    illustrated in the following organizational chart:




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                                                                                                                     PT Bank Mandiri Taspen




                                                            Analisis Kualitatif
                                                            Qualitative Analysis




                                                           Finance, Risk & Operations




                                                                   Risk Management




                                              Market, Liquidity Risk &                                            IT, Product Delivery &
              Credit & Portfolio Risk                                              Operational Risk
                                                  Data Analytics                                                        Fraud Risk




                                                   Asset & Liabilities                 Business &                       IT & Product
                       Credit Risk
                                                     Management                        Technology                       Delivery Risk



                     Enterprise Risk                                                  Operations &
                                                     Data Analyst                                                         Fraud Risk
                      Management                                                        Support



                                                     Middle Office



                       Pelaksana                       Pelaksana                        Pelaksana                         Pelaksana
                        Executor                        Executor                         Executor                          Executor




       Departmen Market, Liquidity & Data Analytics memiliki tiga tugas     The Market, Liquidity & Data Analytics Department has three main
       utama yaitu tim Asset & Liabilities Management (ALM) yang            responsibilities, namely the Asset & Liabilities Management (ALM)
       memiliki fungsi sebagai penanggungjawab penerapan manajemen          team, which is responsible for the implementation of liquidity risk
       risiko likuiditas dan risiko pasar, tim Middle Office sebagai        and market risk management; the Middle Office team, which is
       penanggungjawab penerapan manajemen risiko untuk aktivitas           responsible for the implementation of risk management for trading
       trading serta tim Data Analyst yang menjalankan framework model      activities; and the Data Analyst team, which is responsible for
       risiko dalam penyusunan atau validasi model yang digunakan Risk      implementing the risk model framework, including the development
       Management.                                                          and validation of models used by the Risk Management function.
       Selain hal di atas, dalam aspek pengelolaan risiko Bank memiliki     In addition to the above, the Bank has established governance
       perangkat dalam bentuk Komite Manajemen Risiko (KMR) sebagai         structures in the form of the Risk Management Committee (KMR)
       salah satu Komite dibawah Direksi yang membahas delapan              as one of the Committees under the Board of Directors, which
       risiko Bank baik dalam bentuk pembahasan profil risiko ataupun       discusses all eight types of risk, including risk profile discussions
       hal lainnya. Dalam bentuk lebih spesifik, Bank juga melakukan        and other relevant matters. More specifically, the Bank also
       pembahasan secara khusus untuk risiko pasar dalam Assets and         conducts dedicated discussions on market risk through the Assets
       Liabilities Management Committee (ALCO) yang juga dibawah            and Liabilities Committee (ALCO), which is also under the Board
       Direksi. Selain hal tersebut, Bank juga memiliki sarana komunikasi   of Directors. Furthermore, the Bank maintains communication
       dengan Komisaris dalam Komite Pemantau Risiko (KPR) yang juga        channels with the Board of Commissioners through the Risk
       membahas risiko-risiko Bank.                                         Monitoring Committee (KPR), which also discusses the Bank’s
                                                                            various risk exposures.




2025 Annual Report                                                                                                                      379
Page 380
Informasi Eksposur Risiko dan Permodalan
Risk Exposure and Capital Information




                                                                   Analisis Kualitatif
                                                                   Qualitative Analysis

  3.    Ruang lingkup dan sifat pelaporan risiko dan/sistem pengukuran             Scope and Nature of Risk Reporting and Measurement Systems
        Bank melakukan pengukuran risiko pasar baik dalam frekuensi                The Bank measures market risk on a daily, monthly, quarterly
        harian, bulanan, triwulanan maupun dalam frekuensi yang lebih              basis, and at higher frequencies depending on the availability of
        tinggi sesuai dengan alat pengukuran risiko Bank. Hasil pengukuran         risk measurement tools. The results of these measurements are
        risiko tersebut, diinformasikan dan dikomunikasikan kepada Unit            communicated and reported to relevant units, Management, and
        terkait, Manajemen ataupun Komisaris.                                      the Board of Commissioners.
        Secara internal, media pelaporan yang disampaikan tidak terbatas           Internally, reporting is not limited to written reports but is also
        hanya dalam bentuk tertulis namun juga dikomunikasikan dalam               communicated through working groups with relevant units, Risk
        bentuk working group (bersama Unit terkait), dalam bentuk KMR              Management Committee (KMR) and Assets and Liabilities Committee
        dan ALCO (bersama Direksi) ataupun dalam bentuk KPR (bersama               (ALCO) meetings with the Board of Directors, as well as Risk Monitoring
        Komisaris). Pengukuran risiko yang dilakukan Bank dalam bentuk             Committee (KPR) meetings with the Board of Commissioners. The
        pengukuran eksposur risiko sesuai posisi maupun potensi risiko             Bank’s risk measurement framework covers both current risk exposures
        yang dapat terjadi kedepan atau proyeksi.                                  and forward-looking or projected risk exposures.
        Adapun pengukuran risiko yang dilakukan oleh Bank antara lain:             Risk measurement tools used by the Bank include valuation of
        valuasi surat berharga pada portofolio banking book dan trading            securities in both banking book and trading book portfolios using
        book dengan metode Mark to Market (MtM) ataupun Mark to Model,             Mark-to-Market (MtM) or Mark-to-Model approaches, sensitivity
        sensitivity analysis dengan menggunakan skenario perubahan suku            analysis using interest rate or market yield scenarios to assess
        bunga atau market yield di masa yang akan datang untuk mengukur            potential future risk, Value at Risk (VaR) measurement, and capital
        potensi risiko, pengukuran Value at Risk (VaR) serta pengukuran            adequacy measurement for market risk using the Standardised
        kecukupan modal untuk risiko pasar dengan menggunakan metode               Approach in accordance with SEOJK No. 23/SEOJK.03/2022.
        standar (Standardised Approach) yang mengacu pada SEOJK
        Nomor 23/SEOJK.03/2022.
        Selain hal tersebut, Bank melakukan pemantauan risiko pasar                In addition, the Bank conducts periodic monitoring of market risk
        secara periodik dengan menetapkan limit-limit risiko pasar secara          by establishing internal risk limits for its banking book portfolio.
        internal untuk portofolio banking book. Adapun limit-limit yang            These limits include:
        dimaksud sebagai berikut:
        a. Limit Trading Book                                                      a. Trading Book Limits
             1) Limit Value at Risk (VaR)                                            1. Value at Risk (VaR)
               Maksimum eksposur potensi kerugian yang dihadapi Bank                    Limit – the maximum daily potential loss exposure faced by
               secara harian.                                                           the Bank.
             2) Net Open Position                                                    2. Net Open Position (NOP)
               Batasan jumlah posisi terbuka yang diperbolehkan untuk                   Limit – the maximum allowable open position held within a
               dimilki dalam waktu tertentu.                                            certain period.
             3) Limit Stop Loss                                                      3. Stop Loss Limit
               Maksimum akumulasi kerugian (Realized & Unrealized) secara               The maximum accumulated loss (realized and unrealized) on
               bulanan & tahunan.                                                       a monthly and annual basis.
             4) Limit Holding Period                                                 4. Holding Period Limit
               Batasan maksimum kepemilikan atas suatu instrumen surat                  The maximum holding period for securities classified under
               berharga yang termasuk dalam Trading Book.                               the trading book.
             5) Limit Cut Loss                                                       5. Cut Loss Limit
               Batasan maksimum penurunan harga atas suatu portofolio                   The maximum allowable price decline of a portfolio held by
               yang dimiliki.                                                           the Bank.
        b. Limit Banking Book                                                      b. Banking Book Limits
             1) Unrealized loss terhadap total modal                                 1. Unrealized Loss to Total Capital
               Maksimum kerugian atas surat berharga kategori FVOCI yang                Maximum unrealized loss on FVOCI securities relative to total
               dimiliki Bank terhadap total modal.                                      capital.
             2) Limit Transaksi atau plafon surat berharga                           2. Securities Transaction or Holding Limit
               Batasan maksimum outstanding atas surat berharga yang                    Maximum outstanding limit of securities held by the Bank.
               dimiliki oleh Bank.
             3) Limit Counterparty                                                   3. Counterparty Limit
               Batasan maksimum        pemberian       fasilitas   kepada   Bank     Maximum exposure limit to banking counterparties.
               Counterparty.
        Selain pelaporan tersebut, Bank juga menyampaikan laporan                  In addition, the Bank reports risk measurement results to regulators
        pengukuran risiko kepada regulator sesuai dengan ketentuan yang            in accordance with applicable regulations and actively coordinates
        berlaku dan dalam rangka pengukuran risiko terintegrasi, Bank              with its parent entity for consolidated risk measurement as part of
        secara aktif berkomunikasi dengan entitas induk dalam rangka               integrated risk management.
        pengukuran risiko secara konsolidasi.




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Page 381
                                                                                                            PT Bank Mandiri Taspen




Pengungkapan ATMR Untuk Risiko Pasar
dengan Menggunakan Pendekatan Standar (MR1)
Disclosure of RWA for Market Risk Using the Standardized Approach (MR1)

Tabel Pengungkapan ATMR untuk Risiko Pasar dengan Menggunakan Pendekatan Standar (MR1)
Table of Disclosure of RWA for Market Risk Using the Standardized Approach (MR1)


                                                               Beban Modal Pendekatan Standar Posisi Tanggal Laporan
                                                            Standardised Approach Capital Charges – Reporting Date Position
                               Risiko
 No
                                Risk
                                                                   31 Desember 2025                     31 Desember 2024
                                                                   December 31, 2025                    December 31, 2024

       Risiko GIRR
  1                                                                       8,631.47                                 -
       GIRR Risk

       Risiko CSR nonsekuritisasi
  2                                                                       2,634.74                                 -
       Non-securitisation CSR Risk

       Risiko CSR sekuritisasi nonCTP
  3                                                                               -                                -
       Securitisation CSR Risk (non-CTP)

       Risiko CSR sekuritisasi CTP
  4                                                                               -                                -
       Securitisation CSR Risk (CTP)

       Risiko Ekuitas
  5                                                                               -                                -
       Equity Risk

       Risiko Komoditas
  6                                                                               -                                -
       Commodity Risk

       Risiko Nilai Tukar
  7                                                                               -                                -
       Foreign Exchange Risk

       DRC - nonsekuritisasi
  8                                                                               -                                -
       DRC – Non-securitisation

       DRC - sekuritisasi nonCTP
  9                                                                               -                                -
       DRC – Securitisation (non-CTP)

       DRC - sekurisasi CTP
 10                                                                               -                                -
       DRC – Securitisation (CTP)

       RRAO
 11                                                                               -                                -
       RRAO

 12    Total                                                             11,266.21                                 -




                                                   Pengungkapan Tambahan
                                                     Additional Disclosure

 Bank baru melakukan ATMR Risiko Pasar dikarenakan baru terdapat   The Bank has only recently started calculating Risk-Weighted
 portfolio Trading Book pada tahun 2025                            Assets (RWA) for Market Risk, as trading book portfolios were only
                                                                   established in 2025.
 Pada tahun 2025 Bank menghitung ATMR Risiko Pasar sesuai dengan   In 2025, the Bank calculated Market Risk RWA in accordance with
 SEOJK No. 23/SEOJK.03/2022                                        SEOJK No. 23/SEOJK.03/2022.”




2025 Annual Report                                                                                                          381
Page 382
Informasi Eksposur Risiko dan Permodalan
Risk Exposure and Capital Information




Pengungkapan ATMR Untuk Risiko Pasar
dengan Menggunakan Pendekatan Standar yang Disederhanakan (MR3)
Disclosure of RWA for Market Risk Using the Simplified Standardized Approach (MR3)

Tabel Pengungkapan ATMR untuk Risiko Pasar dengan Menggunakan Pendekatan Standar yang Disederhanakan (MR3)
Table of Disclosure of RWA for Market Risk Using the Simplified Standardized Approach (MR3)


                                                                                      Instrumen Hak Opsi
                                                                                       Option Instruments
         Risiko              Instrumen
      Interest rate        Selain Hak Opsi
           risk         Non-Option Instruments        Pendekatan Sederhana          Pendekataan Delta Plus           Pendekatan Skenario
                                                       (Simplified Approach)         (Delta Plus Approach)           (Scenario Approach)
                                                        Simplified Approach          Delta Plus Approach              Scenario Approach

 Risiko suku bunga
                                     -                             -                              -                              -
 Interest rate risk

 Risiko nilai tukar
 Foreign exchange                    -                             -                              -                              -
 risk

 Sekuritisasi
                                     -                             -                              -                              -
 Securitisation risk

 Total                               -                             -                              -                              -




                                                         Pengungkapan Tambahan
                                                           Additional Disclosure

 Bank menggunakan pendekatan Standardized Approach (SA) dalam            The Bank applies the Standardized Approach (SA) in the calculation
 perhitungan ATMR Pasar dan tidak menggunakan pendekatan                 of Market Risk-Weighted Assets (RWA) and does not use the
 Standardized Simplified Approach (SSA), sehingga laporan ini            Standardized Simplified Approach (SSA). Therefore, this section is left
 dikosongkan.                                                            blank.




Pengungkapan Informasi Kualitatif Terkait CVA (CVAA)
Qualitative Disclosure Related to CVA (CVAA)

Tabel Pengungkapan Informasi Kualitatif terkait CVA (CVAA)
Table of Qualitative Disclosure Related to CVA (CVAA)

          Proses yang dilaksanakan Bank untuk mengidentifikasi, mengukur, memantau, dan mengendalikan risiko CVA
 a.
          Process for Identifying, Measuring, Monitoring, and Controlling CVA Risk

          Bank belum memiliki transaksi derivatif dan Securities Financing   The Bank does not have derivative transactions and Securities
          Transactions (SFT) yang dinilai secara wajar (fair value).         Financing Transactions (SFT) that are measured at fair value.

          Metode yang dipergunakan dalam menentukan besaran CVA
 b.
          Method Used to Determine the CVA Amount

          Bank belum memiliki transaksi derivatif dan Securities Financing   The Bank does not have derivative transactions and Securities
          Transactions (SFT) yang dinilai secara wajar (fair value).         Financing Transactions (SFT) that are measured at fair value.




       382                                                                                                                Laporan Tahunan 2025
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                                                                                                                         PT Bank Mandiri Taspen




Pengungkapan Informasi Kualitatif Terkait BA-CVA yang Disederhanakan (CVA1)
Qualitative Disclosure Related to Simplified BA-CVA (CVA1)

Tabel Pengungkapan BA-CVA yang Disederhanakan (CVA1)
Table of Disclosure of Simplified BA-CVA (CVA1)


                                                                                                                                  ATMR
                                                                                               Komponen                          BA-CVA
                                                                                               Component                          RWA
                                                                                                                                 BA-CVA

                                                                                                     A                               B

 Agregasi komponen sistematis risiko CVA
                                                                                                     -
 Aggregation of Systematic CVA Risk Components

 Agregasi komponen idiosyncratic risiko CVA
                                                                                                     -
 Aggregation of Idiosyncratic CVA Risk Components

 Total                                                                                                                               -




Penerapan Manajemen Risiko Untuk Interest Rate Risk In Banking Book (IRRBB)
Implementation of Risk Management for Interest Rate Risk in the Banking Book (IRRBB)

Tabel Laporan Penerapan Manajemen Risiko Untuk Risiko Suku Bunga Dalam Banking Book
Table of Report on the Implementation of Risk Management for Interest Rate Risk in the Banking Book
(Interest Rate Risk in the Banking Book)


                                                               Analisis Kualitatif
                                                               Qualitative Analysis

  1.     Penjelasan mengenai bagaimana Bank mendefinisikan IRRBB                An explanation of how the Bank defines IRRBB for risk
         untuk pengukuran dan pengendalian Risiko.                              measurement and control.
         Risiko Suku Bunga dalam Banking Book atau Interest Rate Risk           Interest Rate Risk in the Banking Book (IRRBB) is defined as the risk
         in The Banking Book (IRRBB) didefinisikan sebagai risiko akibat        resulting from market interest rate movements that are contrary to
         pergerakan suku bunga di pasar yang berlawanan dengan posisi           the Banking Book position, potentially impacting the Bank’s capital
         Banking Book, yang berpotensi memberikan dampak terhadap               and profitability (earnings) both now and in the future. The Bank
         permodalan dan rentabilitas (earnings) Bank baik untuk saat ini        measures interest rate risk in the banking book in accordance with
         maupun pada masa mendatang. Bank mengukur risiko suku bunga            Financial Services Authority Circular Letter No. 12/SEOJK.03/2018
         pada banking book sesuai dengan yang tertuang dalam Surat              concerning guidelines for measuring standardized approaches to
         Edaran Otoritas Jasa Keuangan No.12/SEOJK.03/2018 tentang              interest rate risk in the banking book for commercial banks, using
         pedoman pengukuran risiko pendekatan standar untuk risiko suku         two perspectives: economic value and profitability (earnings).
         bunga dalam banking book bagi bank umum dengan menggunakan
         dua perspektif, baik dari perspektif nilai ekonomis (economic value)
         maupun perspektif rentabilitas (earnings).

  2.     Penjelasan mengenai strategi Manajemen Risiko dan mitigasi             An explanation of Risk Management Strategy and Mitigation for
         Risiko untuk IRRBB.                                                    IRRBB
         Dalam penerapan manajemen risiko untuk IRRBB, Bank memiliki            In implementing IRRBB risk management, the Bank has established
         kebijakan Manajemen Risiko, Standar Prosedur Asset & Liability         Risk Management Policies, Asset & Liability Management Standard
         Management serta Petunjuk Teknis turunan yang mengatur teknis          Procedures, and supporting technical guidelines governing
         pelaksanaan ketentuan di atasnya. Dalam rangka mengelola risiko        implementation details. To manage IRRBB exposure, the Bank
         suku bunga untuk IRRBB beberapa hal yang dilakukan Bank antara         applies several measures, including:
         lain:
         a) Menentapkan internal limit untuk risiko IRRBB sebagai upaya         a) Establishing internal limits for IRRBB to prevent excessive risk
            untuk menghindari peningkatan eksposur risiko yang timbul.             exposure.
         b) Menetapkan batasan maksimum tenor dalam transaksi surat             b) Setting maximum tenor limits for securities transactions to
            berharga agar ekposur risiko masih berada pada limit internal          ensure exposure remains within internal risk appetite.
            Bank.
         c) Menetapkan plafon atas transaksi surat berharga dalam rangka        c) Establishing transaction limits (plafond) for securities to
            mengelola eksposur risiko suku bunga.                                  manage interest rate risk exposure.
         d) Berupaya melakukan evaluasi ekspour risiko IRRBB secara             d) Conducting periodic evaluation of IRRBB exposure and
            berkala, serta berupaya untuk melakukan review limit secara            gradually reviewing limits to reduce long-term risk exposure.
            gradual untuk mengurangi eksposur risiko dalam jangka panjang.




2025 Annual Report                                                                                                                         383
Page 384
Informasi Eksposur Risiko dan Permodalan
Risk Exposure and Capital Information




                                                            Analisis Kualitatif
                                                            Qualitative Analysis

  3.    Periodisasi perhitungan IRRBB Bank dan penjelasan mengenai           The periodization of the Bank’s IRRBB calculation and an
        pengukuran spesifik yang digunakan Bank untuk mengukur               explanation of the specific measurements the Bank uses to
        sensitivitas terhadap IRRBB.                                         gauge sensitivity to IRRBB.
        Dalam rangka memonitor eksposur risiko IRRBB, Bank melakukan         To monitor IRRBB risk exposure, the Bank performs monthly
        perhitungan secara bulanan atas posisi akhir bulan laporan. Dalam    calculations based on the end-of-month reporting position. In
        hal pemenuhan kewajiban regulator, sesuai dengan ketentuan           compliance with regulatory obligations, in accordance with the
        yang tertuang dalam Surat Edaran Otoritas Jasa Keuangan No.12/       provisions of Financial Services Authority Circular Letter No. 12/
        SEOJK.03/2018 tentang pedoman pengukuran risiko pendekatan           SEOJK.03/2018 concerning guidelines for measuring standardized
        standar untuk risiko suku bunga dalam banking book bagi bank         approaches to interest rate risk in the banking book for commercial
        umum, Bank menghitung sensitivitas terhadap IRRBB secara             banks, the Bank calculates IRRBB sensitivity quarterly based on
        Triwulan atas posisi akhir bulan laporan.                            the end-of-month reporting position.
        Adapun pengukuran spesifik yang digunakan oleh Bank dalam            The specific measures used by the Bank to assess IRRBB sensitivity
        mengukur sensitivitas IRRBB antara lain sebagai berikut:             include the following:
        a) Pengukuran berdasarkan perubahan pada nilai ekonomis dari         a) Measurement based on changes in the economic value of equity
           ekuitas (economic value of equity) atau EVE.                         (EVE).
        b) Pengukuran berdasarkan perubahan pada pendapatan bunga            b) Measurement based on changes in net interest income (NII).
           bersih (net interest income) atau NII.

  4.    Penjelasan mengenai skenario shock suku bunga dan skenario           Explanation of the interest rate shock scenarios and stress
        stress yang digunakan Bank dalam perhitungan IRRBB dengan            scenarios used by banks in calculating IRRBB using the EVE and
        menggunakan metode EVE dan NII.                                      NII methods.
        Sesuai dengan Surat Edaran Otoritas Jasa Keuangan No.12/             In accordance with Financial Services Authority Circular Letter
        SEOJK.03/2018 tentang pedoman pengukuran risiko pendekatan           No. 12/SEOJK.03/2018 concerning guidelines for measuring risk
        standar untuk risiko suku bunga dalam banking book bagi bank         using a standardized approach for interest rate risk in the banking
        umum, skenario shock suku bunga yang digunakan antara lain:          book for commercial banks, the interest rate shock scenarios used
        1. Dalam perhitungan ΔEVE terdapat enam 6 (enam) jenis skenario      include:
           shock suku bunga, yaitu Parallel Up, Parallel Down, Steepener,    1. In the ΔEVE calculation, there are six types of interest rate shock
           Flattener, Short Rates Up, dan Short Rates Down.                     scenarios: Parallel Up, Parallel Down, Steepener, Flattener,
                                                                                Short Rates Up, and Short Rates Down.
        2. Sedangkan untuk perhitungan ΔNII menggunakan 2 (dua)              2. The ΔNII calculation uses two interest rate shock scenarios:
           skenario shock suku bunga, yaitu Parallel Up dan Parallel Down.      Parallel Up and Parallel Down.

  5.    Apabila terdapat asumsi pemodelan yang digunakan secara              If any significant modeling assumptions used in the Bank’s IMS
        signifikan dalam IMS Bank (contoh: hasil pengukuran EVE              (e.g., EVE measurements conducted by the Bank for purposes
        yang dilakukan oleh Bank untuk tujuan selain pengungkapan,           other than disclosure, internal assessments of capital adequacy)
        asesmen internal terhadap kecukupan permodalan) berbeda dari         differ from the modeling assumptions used in the IRRBB
        asumsi pemodelan yang digunakan dalam laporan perhitungan            calculation report using the standard approach, the Bank must
        IRRBB dengan pendekatan standar, Bank harus memberikan               provide an explanation of these assumptions, including their
        penjelasan terhadap asumsi tersebut termasuk dampaknya               impact and the rationale for their use (e.g., historical data,
        serta alasan penggunaan asumsi tersebut (contoh: data historis,      management judgment and analysis).
        pertimbangan dan analisis manajemen).
        Saat ini Bank tidak menggunakan asumsi permodelan dalam IMS/         The Bank does not currently use any modeling assumptions in its
        Internal Measurement System Bank yang berbeda dari asumsi            IMS/Internal Measurement System that differ from the modeling
        pemodelan yang digunakan dalam laporan perhitungan IRRBB             assumptions used in the IRRBB calculation report using the
        dengan menggunakan pendekatan standar.                               standard approach.

  6.    Penjelasan mengenai bagaimana Bank melakukan lindung nilai           An explanation of how the Bank hedges its IRRBB (if any) and
        (hedging) terhadap IRRBB (apabila ada) dan perlakuan akuntansi       the related accounting treatment.
        terkait.
        Saat ini Bank tidak melakukan tindakan lindung nilai (hedging)       The Bank currently does not hedge its IRRBB.
        terhadap IRRBB.

  7.    Penjelasan komprehensif mengenai asumsi utama pemodelan              A comprehensive explanation of the key modeling and parametric
        dan parametrik yang digunakan dalam menghitung ΔEVE dan              assumptions used in calculating ΔEVE and ΔNII includes:
        ΔNII antara lain:
        a. Perhitungan EVE telah memperhitungkan keberadaan margin           a. The EVE calculation takes into account the commercial margin in
           komersial dalam arus kas dan diskonto atas arus kas.                 cash flows and discounted cash flows.
        b. Bank memperhitungkan opsi perilaku (behaviour options)            b. The Bank considers behavioral options, such as using an early
           seperti menggunakan model early prepayment untuk kredit dan          prepayment model for loans and behavioral options analysis for
           analisa behavior options untuk simpanan tanpa jangka waktu           non-maturity deposits.
           (Non Maturity Deposit).
        Metodologi yang digunakan Bank untuk mengestimasi prepayment rate    The Bank’s methodology for estimating the prepayment rate for
        dari pinjaman dengan menggunakan data historis yang dimiliki Bank.   loans utilizes historical data.
        Bank melakukan analisa behavior options untuk simpanan tanpa         The Bank conducts behavioral options analysis for non-maturity
        jangka waktu (Non Maturity Deposit) pada Tabungan dan Giro           deposits in Savings and Current Accounts by identifying core and
        dengan mengidentifikasi core deposit dan non core deposit            non-core deposits from each stable deposit in transactional retail,
        dari setiap simpanan stabil Retail transaksional, Retail non-        non-transactional retail, and wholesale.
        transaksional dan Wholesale.
        Penempatan core deposit dengan metode slotting yang mengacu          Core deposits are allocated using a slotting method, which refers
        pada SEOJK No. 12/SEOJK.03/2018 perihal Penerapan Manajemen          to OJK Circular Letter No. 12/SEOJK.03/2018 concerning the
        Risiko dan Pengukuran Risiko Pendekatan Standar untuk Risiko         Implementation of Risk Management and Risk Measurement
        Suku Bunga dalam Banking Book (Interest Rate Risk in The Banking     Standard Approaches for Interest Rate Risk in the Banking Book
        Book) Bagi Bank Umum.                                                for Commercial Banks.




       384                                                                                                                  Laporan Tahunan 2025
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                                                                                                                        PT Bank Mandiri Taspen




                                                            Analisis Kualitatif
                                                            Qualitative Analysis

        Model early prepayment untuk kredit dan analisa behavior options     The early prepayment model for credit and behavioral options
        untuk simpanan tanpa jangka waktu (Non Maturity Deposit) yang        analysis for non-maturity deposits used by the Bank have an
        digunakan oleh Bank berdampak pada repricing time pada kredit,       impact on repricing time for credit, current accounts and savings.
        giro dan tabungan.

  8.    Informasi lainnya yang perlu diungkapkan oleh Bank terkait           Other information required to be disclosed by the Bank regarding
        interpretasi Bank terhadap signifikansi dan sensitivitas hasil       the Bank’s interpretation of the significance and sensitivity of
        pengukuran IRRBB yang telah diungkapkan dan/atau penjelasan          the IRRBB measurement results that have been disclosed and/or
        terhadap variasi yang signifikan pada tingkat IRRBB yang             an explanation for significant variations in the reported IRRBB
        dilaporkan dibandingkan dengan pengungkapan sebelumnya               levels compared to previous disclosures (if any).
        (apabila ada).
        Tidak terdapat informasi lainnya.                                    No other information available.




                                                            Analisis Kuantitatif
                                                            Quantitative Analysis

 1.     Rata-rata jangka waktu penyesuaian suku bunga (repricing             Average repricing maturity applied to Non-Deliverable Loans
        maturity) yang diterapkan untuk NMD.                                 (NMDs).
        a. Rata-rata jangka waktu (repricing maturity) untuk Giro Retail     a. The average repricing maturity for Retail Current Accounts is 2.0
           adalah 2.0 Tahun dan Giro wholesale adalah 1.3 Tahun.                years and for Wholesale Current Accounts is 1.3 years.
        b. Rata-rata jangka waktu jangka waktu (repricing maturity) untuk    b. The average repricing maturity for Retail Savings Accounts is
           Tabungan Retail adalah 1.9 Tahun dan Tabungan wholesale              1.9 years and for Wholesale Savings Accounts is 1.2 years.
           adalah 1.2 Tahun.

 2.     Jangka waktu penyesuaian suku bunga (repricing maturity)             The longest repricing maturity applied to Non-Deliverable
        terlama yang diterapkan untuk NMD.                                   Loans (NMDs).
        Jangka waktu penyesuaian suku bunga (repricing maturity) terlama     The longest repricing maturity applied to Non-Deliverable Loans
        yang diterapkan untuk NMD adalah 6 Tahun.                            (NMDs) is 6 years.




Laporan Perhitungan IRRBB
IRRBB Calculation Report

Tabel Laporan Perhitungan IRRBB
Table of IRRBB Calculation Report

                   Dalam Juta Rupiah
                                                                            Δ EVE                                         Δ NII
                     In IDR Million

                        Perode                             Desember 2025             Juni 2025        Desember 2025                Juni 2025
                        Period                              December-25               June-25          December-25                  June-25

 Parallel up                                                (6,737,128)             (6,124,405)          (1,139,261)              (1,053,568)

 Parallel down                                               8,152,284               6,600,106            1,004,508                  961,970

 Steepener                                                  (1,939,390)             (1,706,386)

 Flattener                                                     620,368               (218,350)

 Short rate up                                              (1,855,002)             (1,751,040)

 Short rate down                                              2,764,424              1,857,439

 Nilai Maksimum Negatif (absolut)
                                                              6,737,128              6,124,405            1,139,261                1,053,568
 Maximum Negative Value (absolute)

 Modal Tier 1 (untuk ΔEVE) atau Projected Income
 (untuk NII)                                                  9,162,614              8,356,131            3,990,099                3,567,849
 Tier 1 Capital (for ΔEVE) or Projected Income (for NII)

 Nilai Maksimum dibagi Modal Tier 1 (untuk ΔEVE)
 atau Projected Income (untuk NII)
                                                                73.53%                 73.29%                  28.55%                29.53%
 Maximum Value divided by Tier 1 Capital (for ΔEVE)
 or Projected Income (for NII)




2025 Annual Report                                                                                                                      385
Page 386
Informasi Eksposur Risiko dan Permodalan
Risk Exposure and Capital Information




Risiko Likuiditas
Liquidity Risk



Risiko likuiditas merupakan risiko akibat ketidakmampuan                      Liquidity risk is the risk arising from the Bank’s inability to meet
Bank untuk memenuhi liabilitas yang jatuh tempo dari sumber                   its maturing liabilities from cash flow funding sources and/or
pendanaan arus kas dan/atau dari aset likuid berkualitas tinggi               from high-quality liquid assets that can be pledged, without
yang dapat diagunkan, tanpa mengganggu aktivitas dan                          disrupting the Bank’s activities and financial condition. The
kondisi keuangan Bank. Pengelolaan risiko likuiditas antara                   management of liquidity risk is carried out, among others,
lain dilakukan melalui upaya peningkatan pelayanan kepada                     through efforts to enhance services to deposit customers
nasabah penyimpan dalam rangka menjaga stabilitas dan                         in order to maintain the stability and continuity of deposit
kontinuitas jumlah simpanan, kebijakan penempatan dana                        balances, the implementation of policies on the placement of
pada instrumen yang aman dan likuid, kebijakan contingency                    funds in safe and liquid instruments, the establishment of a
funding plan, dan pemantauan posisi likuiditas secara harian                  contingency funding plan policy, and the daily monitoring of
serta evaluasi posisi likuiditas melalui rapat Asset Liability                liquidity positions, as well as the evaluation of liquidity positions
Committee (ALCO) secara rutin.                                                through regular Asset Liability Committee (ALCO) meetings.




Perhitungan Rasio Kecukupan Likuiditas (LCR)
IRRBB Calculation Report

Tabel Perhitungan Rasio Kecukupan Likuiditas (LCR)
Table of Liquidity Coverage Ratio (LCR) Calculation

                                                                                        INDIVIDUAL
                                                                                        INDIVIDUAL

                                               Posisi Tanggal Laporan (TW IV / 2025)                 Posisi Tanggal Laporan (TW III / 2025)
                                                As at the Reporting Date (Q4/2025).                   As at the Reporting Date (Q3/2025).

                                                                      Nilai HQLA setelah
                                                                                                                            Nilai HQLA setelah
                                                                  pengurangan nilai (haircut)
                                                                                                                      pengurangan nilai (haircut)
                                                                 atau outstanding kewajiban
                                                                                                                     atau outstanding kewajiban
                                                                    dan komitmen dikalikan       Nilai outstanding
                                           Nilai outstanding                                                             dan komitmen dikalikan
                                                                  tingkat penarikan (run-off      kewajiban dan
                 Komponen                   kewajiban dan                                                              tingkat penarikan (run-off
 No.                                                                rate) atau Nilai tagihan         komitmen/
                 Component                     komitmen/                                                                  rate) atau Nilai tagihan
                                                                 kontraktual dikalikan tingkat      nilai tagihan
                                              nilai tagihan                                                          kontraktual dikalikan tingkat
                                                                   penerimaan (inflow rate)         kontraktual
                                              kontraktual                                                                penerimaan (inflow rate)
                                                                   The value of HQLA after          Outstanding
                                           Outstanding value                                                          The value of HQLA after the
                                                                   applying haircuts, or the         amounts of
                                            of liabilities and                                                           application of haircuts, or
                                                                    outstanding amount of          liabilities and
                                            commitments/                                                              the outstanding amounts of
                                                                 liabilities and commitments      commitments/
                                               contractual                                                             liabilities and commitments
                                                                 multiplied by the applicable        contractual
                                              receivables.                                                             multiplied by the applicable
                                                                      run-off rates, or the          receivables
                                                                                                                      run-off rates, or contractual
                                                                    contractual receivables
                                                                                                                      receivables multiplied by the
                                                                 multiplied by the applicable
                                                                                                                           applicable inflow rates
                                                                           inflow rates

       Jumlah data point yang digunakan
       dalam perhitungan LCR                                                      64 hari                                              64 hari
  1
       The number of data points used in                                         64 days                                              64 days
       the LCR calculation

HIGH QUALITY LIQUID ASSET (HQLA)

       Total High Quality Liquid Asset
  2                                                                           18,770,749                                           18,534,301
       (HQLA)




      386                                                                                                                   Laporan Tahunan 2025
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                                                                                                                         PT Bank Mandiri Taspen




                                                                                          INDIVIDUAL
                                                                                          INDIVIDUAL

                                                 Posisi Tanggal Laporan (TW IV / 2025)                 Posisi Tanggal Laporan (TW III / 2025)
                                                  As at the Reporting Date (Q4/2025).                   As at the Reporting Date (Q3/2025).

                                                                        Nilai HQLA setelah
                                                                                                                              Nilai HQLA setelah
                                                                    pengurangan nilai (haircut)
                                                                                                                        pengurangan nilai (haircut)
                                                                   atau outstanding kewajiban
                                                                                                                       atau outstanding kewajiban
                                                                      dan komitmen dikalikan       Nilai outstanding
                                             Nilai outstanding                                                             dan komitmen dikalikan
                                                                    tingkat penarikan (run-off      kewajiban dan
                  Komponen                    kewajiban dan                                                              tingkat penarikan (run-off
 No.                                                                  rate) atau Nilai tagihan         komitmen/
                  Component                      komitmen/                                                                  rate) atau Nilai tagihan
                                                                   kontraktual dikalikan tingkat      nilai tagihan
                                                nilai tagihan                                                          kontraktual dikalikan tingkat
                                                                     penerimaan (inflow rate)         kontraktual
                                                kontraktual                                                                penerimaan (inflow rate)
                                                                     The value of HQLA after          Outstanding
                                             Outstanding value                                                          The value of HQLA after the
                                                                     applying haircuts, or the         amounts of
                                              of liabilities and                                                           application of haircuts, or
                                                                      outstanding amount of          liabilities and
                                              commitments/                                                              the outstanding amounts of
                                                                   liabilities and commitments      commitments/
                                                 contractual                                                             liabilities and commitments
                                                                   multiplied by the applicable        contractual
                                                receivables.                                                             multiplied by the applicable
                                                                        run-off rates, or the          receivables
                                                                                                                        run-off rates, or contractual
                                                                      contractual receivables
                                                                                                                        receivables multiplied by the
                                                                   multiplied by the applicable
                                                                                                                             applicable inflow rates
                                                                             inflow rates

ARUS KAS KELUAR (CASH OUTFLOWS)
CASH OUTFLOWS

       Simpanan nasabah perorangan
       dan Pendanaan yang berasal dari
       nasabah Usaha Mikro dan Usaha
       Kecil terdiri dari:
  3                                             17,493,232                       1,058,479            17,364,653                      1,097,624
       Deposits from individual customers
       and funding sourced from Micro
       and Small Enterprise customers
       consisted of:

       a. Simpanan/Pendanaan stabil
                                                13,816,882                         690,844            12,776,826                        638,841
       a. Stable Deposits/Funding

       b. Simpanan/Pendanaan kurang
       stabil                                    3,676,350                         367,635             4,587,827                        458,783
       b. Less Stable Deposits/Funding.

       Pendanaan yang berasal dari
       nasabah korporasi, terdiri dari :
  4                                             13,450,811                       7,871,698            14,164,116                      8,100,951
       Funding sourced from corporate
       customers consisted of:

       a. Simpanan Operasional
                                                   182,528                          42,959              191,553                          45,412
       a. Operational Deposits

       b. Simpanan non-operasional
       dan/atau kewajiban lainnya yang
       bersifat non operasional                 13,268,283                       7,828,738            13,972,563                      8,055,539
       b. Non-operational deposits and/or
       other non-operational liabilities

       c. surat berharga berupa surat
       utang yang diterbitkan oleh bank
       (unsecured debt)                                   -                               -                    -                               -
       c. Debt securities issued by the
       Bank (unsecured debt)

       Pendanaan dengan agunan
  5    (secured funding)                                                                  -                                                    -
       Secured funding

       Arus kas keluar lainnya (additional
       requirement), terdiri dari:
  6                                                 14,540                          13,344              124,681                         122,757
       Other cash outflows (additional
       requirements) consisted of:

       a. arus kas keluar atas transaksi
       derivatif
                                                          -                               -                    -                               -
       a. Cash outflows arising from
       derivative transactions

       b. arus kas keluar atas peningkatan
       kebutuhan likuiditas
                                                          -                               -                    -                               -
       b. Cash outflows arising from
       increased liquidity requirements

       c. arus kas keluar atas kehilangan
       pendanaan
                                                          -                               -                    -                               -
       c. Cash outflows arising from the
       loss of funding




2025 Annual Report                                                                                                                         387
Page 388
Informasi Eksposur Risiko dan Permodalan
Risk Exposure and Capital Information




                                                                                                       INDIVIDUAL
                                                                                                       INDIVIDUAL

                                                       Posisi Tanggal Laporan (TW IV / 2025)                           Posisi Tanggal Laporan (TW III / 2025)
                                                        As at the Reporting Date (Q4/2025).                             As at the Reporting Date (Q3/2025).

                                                                                Nilai HQLA setelah
                                                                                                                                                  Nilai HQLA setelah
                                                                            pengurangan nilai (haircut)
                                                                                                                                            pengurangan nilai (haircut)
                                                                           atau outstanding kewajiban
                                                                                                                                           atau outstanding kewajiban
                                                                              dan komitmen dikalikan             Nilai outstanding
                                                 Nilai outstanding                                                                             dan komitmen dikalikan
                                                                            tingkat penarikan (run-off            kewajiban dan
                    Komponen                      kewajiban dan                                                                              tingkat penarikan (run-off
  No.                                                                         rate) atau Nilai tagihan               komitmen/
                    Component                        komitmen/                                                                                  rate) atau Nilai tagihan
                                                                           kontraktual dikalikan tingkat            nilai tagihan
                                                    nilai tagihan                                                                          kontraktual dikalikan tingkat
                                                                             penerimaan (inflow rate)               kontraktual
                                                    kontraktual                                                                                penerimaan (inflow rate)
                                                                             The value of HQLA after                Outstanding
                                                 Outstanding value                                                                          The value of HQLA after the
                                                                             applying haircuts, or the               amounts of
                                                  of liabilities and                                                                           application of haircuts, or
                                                                              outstanding amount of                liabilities and
                                                  commitments/                                                                              the outstanding amounts of
                                                                           liabilities and commitments            commitments/
                                                     contractual                                                                             liabilities and commitments
                                                                           multiplied by the applicable              contractual
                                                    receivables.                                                                             multiplied by the applicable
                                                                                run-off rates, or the                receivables
                                                                                                                                            run-off rates, or contractual
                                                                              contractual receivables
                                                                                                                                            receivables multiplied by the
                                                                           multiplied by the applicable
                                                                                                                                                 applicable inflow rates
                                                                                     inflow rates

         d. arus kas keluar atas penarikan
         komitmen fasilitas kredit dan
         fasilitas likuiditas
                                                            1,259                                    63                     2,025                                  101
         d. Cash outflows arising from
         drawdowns of committed credit
         and liquidity facilities

         e. arus kas keluar atas kewajiban
         kontraktual lainnya terkait
         penyaluran dana
                                                           13,281                               13,281                   122,656                              122,656
         e. Cash outflows arising from other
         contractual obligations related to
         fund disbursement

         f. arus kas keluar atas kewajiban
         kontijensi pendanaan lainnya
                                                                 -                                    -                          -                                    -
         f. Cash outflows arising from other
         contingent funding obligations

         g. arus kas keluar kontraktual
         lainnya                                                 -                                    -                          -                                    -
         g. Other contractual cash outflows

         TOTAL ARUS KAS KELUAR
   7     (CASH OUTFLOWS)                                                                    8,943,521                                                       9,321,333
         TOTAL CASH OUTFLOWS

 ARUS KAS MASUK (CASH INFLOWS)
 CASH INFLOWS

         Pinjaman dengan agunan (secured
   8     lending)                                                -                                    -                       851                                     -
         Secured lending

         Tagihan berasal dari pihak lawan
         (counterparty) yang bersifat lancar
         (inflows from fully performing
   9     exposures)                                    1,085,504                              714,388                  1,068,601                              658,217
         Receivables from counterparties
         classified as current (inflows from
         fully performing exposures).

         Arus kas masuk lainnya
  10                                                             -                                    -                          -                                    -
         Other cash inflows

         TOTAL ARUS KAS MASUK (CASH
  11     INFLOWS)                                      1,085,504                              714,388                  1,069,452                              658,217
         TOTAL CASH INFLOWS

                                                                                TOTAL ADJUSTED VALUE 1                                          TOTAL ADJUSTED VALUE 1

  12     TOTAL HQLA                                                                        18,770,749                                                     18,534,301

         TOTAL ARUS KAS KELUAR
         BERSIH (NET CASH OUTFLOWS)                                                         8,229,133                                                       8,663,116
         TOTAL NET CASH OUTFLOWS

         LCR (%)                                                                              228.10%                                                        213.94%

Keterangan :
1)
   Adjusted value dihitung pengenaan pengurangan nilai (haircut), tingkat penarikan (run-off rate), dan tingkat penerimaan (inflow rate) serta batas maksimum komponen HQLA,
misalnya batas maksimum HQLA Level 2B dan HQLA Level 2 serta batas maksimum arus kas masuk yang dapat diperhitungkan dalam LCR.
Notes:
1)
   Adjusted values were calculated by applying valuation reductions (haircuts), run-off rates, and inflow rates, as well as caps on HQLA components, such as the maximum limits
for Level 2B and Level 2 HQLA, and the maximum allowable cash inflows that could be recognized in the LCR calculation.




       388                                                                                                                                         Laporan Tahunan 2025
Page 389
                                                                                                                        PT Bank Mandiri Taspen




                                                                  Analisis
                                                                  Analysis

 1. LCR Bank Mandiri Taspen untuk Triwulan IV 2025 sebesar 228.10%,      1. The Liquidity Coverage Ratio (LCR) of Bank Mandiri Taspen for the
    naik sebesar 14.16% dibandingkan posisi Triwulan III 2025 sebesar       fourth quarter of 2025 was recorded at 228.10%, representing an
    213.94%.                                                                increase of 14.16% compared to the third quarter of 2025 position
                                                                            of 213.94%.
 2. Faktor peningkatan LCR yang pertama adalah peningkatan               2. The first factor contributing to the increase in LCR was the rise in
    HQLA sebesar Rp236.5 M (setelah haircut). Hal tersebut terjadi          High Quality Liquid Assets (HQLA) amounting to IDR236.5 billion
    disebabkan oleh peningkatan rata-rata outstanding surat berharga        (after haircut). This increase was primarily driven by a higher average
    yang diterbitkan oleh Pemerintah Indonesia dan Bank Indonesia           outstanding balance of securities issued by the Government of Indonesia
    sebesar Rp1.79 T (nilai setelah haircut) selama Triwulan IV             and Bank Indonesia, which rose by IDR1.79 trillion (after haircut) during
    dibandingkan dengan Triwulan III 2025.                                  the fourth quarter compared to the third quarter of 2025.
 3. Faktor peningkatan LCR yang kedua adalah penurunan rata-rata         3. The second factor contributing to the increase in LCR was the
    Net Cash Outflow sebesar Rp433.98 M (setelah haircut) pada              decrease in the average Net Cash Outflow, which declined by
    Triwulan IV 2025 dibandingkan dengan Triwulan III 2025.                 IDR433.98 billion (after haircut) in the fourth quarter of 2025
                                                                            compared to the third quarter of 2025.
 4. HQLA Bank Mandiri Taspen per Triwulan IV 2025 sebesar Rp18.77        4. HQLA of Bank Mandiri Taspen as of the fourth quarter of 2025
    T didominasi oleh surat berharga Pemerintah Indonesia dan Bank          amounted to IDR18.77 trillion, predominantly consisting of
    Indonesia sebesar Rp12.98 T dan penempatan pada Bank Indonesia          securities issued by the Government of Indonesia and Bank
    sebesar Rp5.69 T.                                                       Indonesia totaling IDR12.98 trillion, as well as placements with
                                                                            Bank Indonesia amounting to IDR5.69 trillion.
 5. Dalam mengelola likuiditas, Bank telah mengidentifikasi, mengukur,   5. In managing liquidity, the Bank had identified, measured, monitored,
    memantau dan mengendalikan risiko likuiditas secara berkala,            and controlled liquidity risk on a regular basis, involving both
    dengan melibatkan unit kerja funding maupun lending. Sebagai            funding and lending business units. As part of the implementation
    bagian dari penerapan manajemen risiko likuiditas dalam berbagai        of liquidity risk management under various conditions, the Bank had
    kondisi, Bank juga telah memiliki Kebijakan Rencana Pendanaan           also established a Contingency Funding Plan policy, which outlined
    Darurat (Contingency Funding Plan) yang berisi langkah-langkah          measures to anticipate and address changes in liquidity conditions,
    yang harus dilakukan oleh Bank dalam mengantisipasi dan                 supported by daily monitoring.
    menghadapi perubahan kondisi likuiditas serta pemantauan yang
    dilakukan secara harian.
 6. Strategi pengelolaan neraca dan likuiditas ditetapkan dalam rapat    6. Balance sheet and liquidity management strategies were
    komite ALCO dan dilaksanakan oleh unit kerja baik funding maupun        determined through Asset and Liability Committee (ALCO)
    lending. Dalam rangka meningkatkan Simpanan/Pendanaan Stabil            meetings and implemented by both funding and lending units. In
    dan Simpanan Operasional, Bank Mandiri Taspen terus berupaya            order to enhance Stable Funding and Operational Deposits, Bank
    mengembangkan strategi untuk meningkatkan akuisisi nasabah retail.      Mandiri Taspen continuously pursued strategies to strengthen
                                                                            retail customer acquisition.
 7. Likuiditas bank dapat dijaga dengan baik sesuai regulasi dan         7. The Bank’s liquidity was maintained at a sound level in compliance
    mendukung kegiatan bisnis bank.                                         with prevailing regulations and adequately supported the Bank’s
                                                                            business activities.




2025 Annual Report                                                                                                                        389
Page 390
Informasi Eksposur Risiko dan Permodalan
Risk Exposure and Capital Information




Net Stable Funding Ratio (NSFR)
Net Stable Funding Ratio (NSFR)

Tabel Pengungkapan mengenai Net Stable Funding Ratio (NSFR)
Table of Disclosure regarding Net Stable Funding Ratio (NSFR)


                                                                 Posisi Tanggal Laporan Sebelumnya (September / 2025)
                                                                   As at the Previous Reporting Date (September/2025)

                                                               Nilai Tercatat Berdasarkan Sisa Jangka Waktu
                                                                             (Dalam Juta Rupiah)
                                                          Carrying Amount Based on Remaining Maturity (in millions
                    Komponen ASF                                                                                      Total Nilai
                                                                                  of Rupiah)
                   ASF Components                                                                                    Tertimbang
                                                                                                                        Total
                                                            Tanpa                                                     Weighted
                                                                                       ≥ 6 bulan - <
                                                           Jangka                                                       Value
                                                                          < 6 bulan      1 tahun       ≥ 1 tahun
                                                           Waktu¹
                                                                         < 6 months    ≥ 6 months -     ≥ 1 year
                                                           Without
                                                                                         < 1 year
                                                           Maturity

       Modal :
  1                                                        9,016,586              -             -              -       9,016,586
       Capital:

            Modal sesuai POJK KPMM
  2                                                        9,016,586              -             -              -       9,016,586
            Capital in accordance with POJK KPMM

            Instrumen modal lainnya
  3                                                                -              -             -              -               -
            Other capital instruments

       Simpanan yang berasal dari nasabah
       perorangan dan pendanaan yang berasal dari
       nasabah usaha mikro dan usaha kecil:
  4                                                       11,710,875     12,007,464       481,743          4,359     22,579,664
       Deposits from individual customers and
       funding sourced from Micro and Small
       Enterprise customers consisted of:

            Simpanan dan pendanaan stabil
  5                                                       10,821,050      5,032,584        50,975          2,884      15,112,263
            Stable deposits and funding

            Simpanan dan pendanaan kurang stabil
  6                                                          889,825      6,974,880       430,768          1,476       7,467,401
            Less stable deposits and funding

       Pendanaan yang berasal dari nasabah korporasi:
  7    Funding sourced from corporate customers              618,579     27,012,596     2,425,611      5,622,311     15,404,959
       consisted of:

            Simpanan operasional
  8         Funding sourced from corporate customers         197,094              -             -              -         98,547
            consisted of:

            Pendanaan lainnya yang berasal dari
            nasabah korporasi
  9                                                          421,485     27,012,596     2,425,611      5,622,311     15,306,412
            Other funding sourced from corporate
            customers

       Liabilitas yang memiliki pasangan aset yang
       saling bergantung
  10
       Liabilities with corresponding interdependent
       assets

       Liabilitas dan ekuitas lainnya :
  11
       Other liabilities and equity:

            NSFR liabilitas derivatif
  12
            NSFR derivative liabilities

            ekuitas dan liabilitas lainnya yang tidak
            masuk dalam kategori diatas
  13                                                                         16,717        16,446        223,410        231,632
            Equity and other liabilities not classified
            under the above categories

       Total ASF
  14                                                                                                                  47,232,841
       Total ASF




      390                                                                                                      Laporan Tahunan 2025
Page 391
                                                                                                PT Bank Mandiri Taspen




                             Posisi Tanggal Laporan (Desember / 2025)
                             As at the Reporting Date (December/2025)


                 Nilai Tercatat Berdasarkan Sisa Jangka Waktu                                         No. Ref. dari
                               (Dalam Juta Rupiah)                                                    Kertas Kerja
       Carrying Amount Based on Remaining Maturity (in millions of Rupiah)                               NSFR
                                                                                   Total Nilai       Reference No.
                                                                                  Tertimbang         from the NSFR
                                                                                 Total Weighted      Working Paper
                                           ≥ 6 bulan - < 1                            Value
  Tanpa Jangka
                         < 6 bulan             tahun              ≥ 1 tahun
     Waktu¹
                        < 6 months        ≥ 6 months - < 1        ≥ 1 year
 Without Maturity
                                                year


      9,525,206                   -                    -                     -      9,525,206


                                                                                                           1.1
      9,525,206                   -                    -                     -      9,525,206
                                                                                                           1.2


               -                  -                    -                     -              -              1.3




                                                                                                            2
     12,020,710          11,881,309             425,717                3,876       22,720,593
                                                                                                            3



                                                                                                           2.1
     11,275,308           5,119,503              40,262                3,421       15,616,740
                                                                                                           3.1

                                                                                                           2.2
        745,402           6,761,806             385,455                  456        7,103,853
                                                                                                           3.2


        649,599          29,784,880            3,673,695           4,389,377       15,208,318               4



        200,138                   -                    -                     -        100,069              4.1




        449,461          29,784,880            3,673,695           4,389,377       15,108,249              4.2




               -                  -                    -                     -              -               5



                                                                                                            6


                                                                                                           6.1



               -             18,223              16,643              225,665          233,986          6.2 s.d. 6.5



                                                                                   47,688,102               7




2025 Annual Report                                                                                               391
Page 392
Informasi Eksposur Risiko dan Permodalan
Risk Exposure and Capital Information




                                                                   Posisi Tanggal Laporan Sebelumnya (September / 2025)
                                                                     As at the Previous Reporting Date (September/2025)

                                                                 Nilai Tercatat Berdasarkan Sisa Jangka Waktu
                                                                               (Dalam Juta Rupiah)
                                                            Carrying Amount Based on Remaining Maturity (in millions
                     Komponen RSF                                                                                       Total Nilai
                                                                                    of Rupiah)
                    RSF Components                                                                                     Tertimbang
                                                                                                                          Total
                                                              Tanpa                                                     Weighted
                                                                                         ≥ 6 bulan - <
                                                             Jangka                                                       Value
                                                                            < 6 bulan      1 tahun        ≥ 1 tahun
                                                             Waktu¹
                                                                           < 6 months    ≥ 6 months -     ≥ 1 year
                                                             Without
                                                                                           < 1 year
                                                             Maturity

        Total HQLA dalam rangka perhitungan NSFR
  15    Total HQLA for the purpose of NSFR                                                                                592,926
        calculation

        Simpanan pada lembaga keuangan lain untuk
        tujuan operasional
  16                                                            51,133              -             -               -        25,566
        Deposits with other financial institutions for
        operational purposes

        Pinjaman dengan kategori Lancar dan Dalam
        Perhatian Khusus (performing) dan surat
  17    berharga                                                     -      2,915,692       130,627      48,418,411    41,302,322
        Loans classified as Current and Special
        Mention (performing), as well as securities

             kepada lembaga keuangan yang dijamin
             dengan HQLA Level 1
  18                                                                 -          5,011             -               -           501
             to financial institutions secured by Level 1
             HQLA

             kepada lembaga keuangan yang dijamin
             bukan dengan HQLA Level 1 dan pinjaman
             kepada lembaga keuangan tanpa jaminan
  19                                                                 -        200,000             -               -        30,000
             to financial institutions secured by non-
             Level 1 HQLA, as well as unsecured loans to
             financial institutions

             kepada korporasi non-keuangan, nasabah
             retail dan nasabah usaha mikro dan kecil,
             pemerintah pusat, pemerintah negara lain,
             Bank Indonesia, bank sentral negara lain dan
             entitas sektor publik, yang diantaranya:
  20         to non-financial corporates, retail                     -      2,710,661       130,584      48,371,405     41,237,196
             customers, and micro and small enterprise
             customers, as well as central governments,
             foreign governments, Bank Indonesia, other
             countries’ central banks, and public sector
             entities, which included:

               memenuhi kualifikasi untuk mendapat
               bobot risiko 35% atau kurang, sesuai SE
               OJK ATMR untuk Risiko Kredit
  21                                                                 -              -             -               -              -
               qualified for a risk weight of 35% or
               lower, in accordance with SE OJK RWA
               Credit Risk.

             Kredit beragun rumah tinggal yang tidak
             sedang dijaminkan, yang diantaranya :
  22         Residential mortgage loans that were not                -             21            44         20,195          17,198
             currently pledged as collateral, which
             included:

               memenuhi kualifikasi untuk mendapat
               bobot risiko 35% atau kurang, sesuai SE
               OJK ATMR untuk Risiko Kredit
  23                                                                 -              -             -         26,811          17,427
               qualified for a risk weight of 35% or
               lower, in accordance with SE OJK RWA
               Credit Risk.




       392                                                                                                       Laporan Tahunan 2025
Page 393
                                                                                                  PT Bank Mandiri Taspen




                             Posisi Tanggal Laporan (Desember / 2025)
                             As at the Reporting Date (December/2025)


                 Nilai Tercatat Berdasarkan Sisa Jangka Waktu                                           No. Ref. dari
                               (Dalam Juta Rupiah)                                                      Kertas Kerja
       Carrying Amount Based on Remaining Maturity (in millions of Rupiah)                                 NSFR
                                                                                   Total Nilai         Reference No.
                                                                                  Tertimbang           from the NSFR
                                                                                 Total Weighted        Working Paper
                                           ≥ 6 bulan - < 1                            Value
  Tanpa Jangka
                         < 6 bulan             tahun              ≥ 1 tahun
     Waktu¹
                        < 6 months        ≥ 6 months - < 1        ≥ 1 year
 Without Maturity
                                                year



                                                                                      650,967                1




          74,756                  -                    -                     -         37,378                2




               -          1,128,341             143,313           49,799,746       42,451,306                3




               -                  -                5,006                     -          2,503               3.1.1




                                                                                                            3.1.2
               -                  -                    -                     -              -
                                                                                                            3.1.3




                                                                                                           3.1.4.2
               -          1,128,318             138,256           49,748,700       42,412,322               3.1.5
                                                                                                            3.1.6




               -                  -                    -                     -              -              3.1.4.1




               -                 22                  51               16,321           13,909              3.1.7.2




               -                  -                    -              34,725           22,571              3.1.7.1




2025 Annual Report                                                                                               393
Page 394
Informasi Eksposur Risiko dan Permodalan
Risk Exposure and Capital Information




                                                                Posisi Tanggal Laporan Sebelumnya (September / 2025)
                                                                  As at the Previous Reporting Date (September/2025)

                                                              Nilai Tercatat Berdasarkan Sisa Jangka Waktu
                                                                            (Dalam Juta Rupiah)
                                                         Carrying Amount Based on Remaining Maturity (in millions
                  Komponen RSF                                                                                       Total Nilai
                                                                                 of Rupiah)
                 RSF Components                                                                                     Tertimbang
                                                                                                                       Total
                                                           Tanpa                                                     Weighted
                                                                                      ≥ 6 bulan - <
                                                          Jangka                                                       Value
                                                                         < 6 bulan      1 tahun       ≥ 1 tahun
                                                          Waktu¹
                                                                        < 6 months    ≥ 6 months -    ≥ 1 year
                                                          Without
                                                                                        < 1 year
                                                          Maturity

          Surat Berharga dengan kategori Lancar
          dan Kurang Lancar (performing) yang tidak
          sedang dijaminkan, tidak gagal bayar, dan
          tidak masuk sebagai HQLA, termasuk saham
          yang diperdagangkan di bursa
  24                                                              -              -             -              -               -
          Securities classified as Current and Special
          Mention (performing) that were not pledged
          as collateral, were not in default, and were
          not included as HQLA, including listed
          equities.

       Aset yang memiliki pasangan liabilitas yang
       saling bergantung
  25
       Assets with corresponding interdependent
       liabilities

       Aset lainnya :
  26                                                              -            503           266       782,333         783,102
       Other assets:

          Komoditas fisik yang yang diperdagangkan,
  27      termasuk emas
          Traded physical commodities, including gold

          Kas, surat berharga dan aset lainnya
          yang dicatat sebagai initial margin untuk
          kontrak derivatif dan kas atau aset lain
          yang diserahkan sebagai default fund pada
          central counterparty (CCP)
  28
          Cash, securities, and other assets recorded
          as initial margin for derivative contracts,
          as well as cash or other assets placed as
          default fund contributions to a central
          counterparty (CCP)

          NSFR aset derivatif
  29
          NSFR derivative assets

          NSFR liabilitas derivatif sebelum dikurangi
          dengan variation margin
  30
          NSFR derivative liabilities before deduction
          of variation margin

          Seluruh aset lainnya yang tidak masuk
          dalam kategori diatas
  31                                                              -            503           266       782,333         783,102
          All other assets not classified under the
          above categories

       Rekening Administratif
  32                                                                                                      2,140               -
       Off-Balance Sheet Accounts

  33   Total RSF                                                                                                    42,703,916

       Rasio Pendanaan Stabil Bersih (Net Stable
  34   Funding Ratio (%))                                                                                              110.61%
       Net Stable Funding Ratio (%)




    394                                                                                                       Laporan Tahunan 2025
Page 395
                                                                                                  PT Bank Mandiri Taspen




                             Posisi Tanggal Laporan (Desember / 2025)
                             As at the Reporting Date (December/2025)


                 Nilai Tercatat Berdasarkan Sisa Jangka Waktu                                           No. Ref. dari
                               (Dalam Juta Rupiah)                                                      Kertas Kerja
       Carrying Amount Based on Remaining Maturity (in millions of Rupiah)                                 NSFR
                                                                                   Total Nilai         Reference No.
                                                                                  Tertimbang           from the NSFR
                                                                                 Total Weighted        Working Paper
                                           ≥ 6 bulan - < 1                            Value
  Tanpa Jangka
                         < 6 bulan             tahun              ≥ 1 tahun
     Waktu¹
                        < 6 months        ≥ 6 months - < 1        ≥ 1 year
 Without Maturity
                                                year




               -                  -                    -                     -              -                3.2




               -                  -                    -                     -              -                 4



               -                783                 430              900,322          901,535                 5



               -                                                                            -                5.1




                                                                             -              -                5.2




                                                                             -              -                5.3



                                                                             -              -                5.4




               -                783                 430              900,322          901,535            5.5 s.d. 5.12



                                                                       1,137                -                 12


                                                                                   44,041,185                 13


                                                                                     108.28%                  14




2025 Annual Report                                                                                                 395
Page 396
Informasi Eksposur Risiko dan Permodalan
Risk Exposure and Capital Information




                                                                                           Nilai Tercatat Berdasarkan Sisa
                                                                                                    Jangka Waktu
                                                                                                 (Dalam Juta Rupiah)
                                                                                             Carrying Amount Based on
                                                                                           Remaining Maturity (in millions of
                                                                                                       Rupiah)
                                           Komponen ASF
                                          ASF Components
                                                                                                 Tanpa Jangka Waktu
                                                                                                   Without Maturity

                                                                                           Nilai Tercatat
                                                                                                                Faktor ASF
                                                                                             Carrying
                                                                                                                ASF Factor
                                                                                              Amount

                Modal:
 1
                Capital:

                Modal bagi Bank Umum berkantor pusat di Indonesia:
 1.1                                                                                          9,525,206
                Capital for Commercial Banks Headquartered in Indonesia:

                  Modal inti (Tier 1)
 1.1.1                                                                                         9,162,614            100%
                  Core Capital (Tier 1)

                  Modal pelengkap (Tier 2)
 1.1.2                                                                                          362,592             100%
                  Supplementary Capital (Tier 2).

                Modal bagi KCBA
 1.2                                                                                                   -            100%
                Capital for KCBA

                Instrumen modal lainnya
 1.3                                                                                                   -            100%
                Other capital instruments

                Simpanan yang berasal dari nasabah perorangan:
 2
                Deposits sourced from individual customers:

                  Simpanan stabil
 2.1                                                                                         11,275,232
                  Stable deposits

                     Simpanan tanpa jangka waktu (contoh: giro, tabungan)
 2.1.1                                                                                       11,275,232              95%
                     Non-maturity deposits (e.g., current accounts and savings accounts)

                     Simpanan dengan jangka waktu (contoh: Deposito)
 2.1.2                                                                                                 -              n.a
                     Term deposits (e.g., time deposits)

                  Simpanan kurang stabil
 2.2                                                                                            745,402
                  Less stable deposits

                     Simpanan tanpa jangka waktu (contoh: giro, tabungan)
 2.2.1                                                                                          745,402              90%
                     Non-maturity deposits (e.g., current accounts and savings accounts)

                     Simpanan dengan jangka waktu (contoh: Deposito)
 2.2.2                                                                                                 -              n.a
                     Term deposits (e.g., time deposits)

                Pendanaan yang berasal dari nasabah usaha mikro dan usaha kecil:
 3
                Funding sourced from Micro and Small Enterprise customers:

                  Pendanaan stabil
 3.1                                                                                                  76
                  Stable funding

                     Pendanaan tanpa jangka waktu (contoh: giro, tabungan)
 3.1.1                                                                                                76             95%
                     Non-maturity funding (e.g., current accounts and savings accounts)

                     Pendanaan dengan jangka waktu (contoh: deposito, surat berharga)
 3.1.2                                                                                                 -              n.a
                     Term funding (e.g., time deposits and securities)

                  Pendanaan kurang stabil
 3.2                                                                                                   -
                  Less stable funding

                     Pendanaan tanpa jangka waktu (contoh: giro, tabungan)
 3.2.1                                                                                                 -             90%
                     Non-maturity funding (e.g., current accounts and savings accounts)

                     Pendanaan dengan jangka waktu (contoh: deposito, surat berharga)
 3.2.2                                                                                                 -              n.a
                     Term funding (e.g., time deposits and securities)




       396                                                                                                  Laporan Tahunan 2025
Page 397
                                                                                                    PT Bank Mandiri Taspen




                               Nilai Tercatat Berdasarkan Sisa Jangka Waktu
                                             (Dalam Juta Rupiah)
                     Carrying Amount Based on Remaining Maturity (in millions of Rupiah)
                                                                                                            Total Nilai
                                                                                                           Tertimbang
                                                                                                          Total Weighted
             < 6 bulan                      ≥ 6 bulan - <1 tahun                     ≥ 1 tahun
                                                                                                               Value
            < 6 months                      ≥ 6 months - <1 year                      ≥ 1 year

  Nilai Tercatat                       Nilai Tercatat                     Nilai Tercatat
                      Faktor ASF                         Faktor ASF                         Faktor ASF
    Carrying                             Carrying                           Carrying
                      ASF Factor                         ASF Factor                         ASF Factor
     Amount                               Amount                             Amount


                                                                                                              9,525,206


              -                                   -                                  -                        9,525,206


              -            n.a                    -            n.a                   -            n.a         9,162,614


              -            0%                     -           0%                     -           100%          362,592


              -            0%                     -           0%                     -           100%                 -


              -            0%                     -           0%                     -           100%                 -


                                                                                                             22,719,429


     5,119,503                               39,820                              2,749                       15,615,577


              -            n.a                    -            n.a                   -            n.a        10,711,470


     5,119,503            95%                39,820          95%                 2,749           100%         4,904,106


     6,761,806                             385,455                                 456                        7,103,853


              -            n.a                    -            n.a                   -            n.a          670,862


     6,761,806            90%              385,455           90%                   456           100%         6,432,990


                                                                                                                  1,164


              -                                 442                                672                            1,164


              -            n.a                    -            n.a                   -            n.a               72


              -           95%                   442          95%                   672           100%             1,092


              -                                   -                                  -                                -


              -            n.a                    -            n.a                   -            n.a                 -


              -           90%                     -          90%                     -           100%                 -




2025 Annual Report                                                                                               397
Page 398
Informasi Eksposur Risiko dan Permodalan
Risk Exposure and Capital Information




                                                                                                     Nilai Tercatat Berdasarkan Sisa
                                                                                                              Jangka Waktu
                                                                                                           (Dalam Juta Rupiah)
                                                                                                       Carrying Amount Based on
                                                                                                     Remaining Maturity (in millions of
                                                                                                                 Rupiah)
                                         Komponen ASF
                                        ASF Components
                                                                                                           Tanpa Jangka Waktu
                                                                                                             Without Maturity

                                                                                                     Nilai Tercatat
                                                                                                                          Faktor ASF
                                                                                                       Carrying
                                                                                                                          ASF Factor
                                                                                                        Amount

                Pendanaan yang berasal dari nasabah korporasi:
 4
                Funding sourced from corporate customers:

                  Simpanan operasional
 4.1                                                                                                      200,138              50%
                  Operational Deposits

                  Simpanan non-operasional dan/atau liabilitas lainnya yang bersifat non-
 4.2              operasional yang berasal dari:                                                          449,461
                  Non-operational deposits and/or other non-operational liabilities sourced from:

                     Perusahaan non-keuangan
 4.2.1                                                                                                    283,796               0%
                     Non-financial Corporates

                     Pemerintah Indonesia
 4.2.2                                                                                                       3,911              0%
                     Government of Indonesia

                     Pemerintah negara lain
 4.2.3                                                                                                           -              0%
                     Foreign Governments

                     Entitas Sektor Publik
 4.2.4                                                                                                       3,469              0%
                     Foreign Governments

                     Bank pembangunan multilateral
 4.2.5                                                                                                           -              0%
                     Multilateral Development Banks

                     Bank Indonesia
 4.2.6                                                                                                           -              0%
                     Bank Indonesia

                     Bank sentral negara lain
 4.2.7                                                                                                           -              0%
                     Other Central Banks

                     Lembaga keuangan
 4.2.8                                                                                                    120,531               0%
                     Financial Institutions

                     Lainnya
 4.2.9                                                                                                      37,754              0%
                     Others

                Liabilitas yang memiliki hubungan kebergantungan dengan aset tertentu
 5                                                                                                               -              0%
                Liabilities that had interdependent relationships with specific assets

                Liabilitas dan ekuitas lainnya :
 6                                                                                                               -
                Other liabilities and equity:

                        NSFR liabilitas derivatif
 6.1
                        NSFR Derivative Liabilities

                        Liabilitas pajak tangguhan
 6.2                                                                                                             -            100%
                        Deferred Tax Liabilities

                        Kepentingan non-pengendali yang tidak memenuhi persyaratan untuk
                        diperhitungkan sebagai modal inti utama (Tier 1)
 6.3                                                                                                             -            100%
                        Non-controlling Interests Not Eligible for Inclusion in Common Equity Tier
                        1 (CET1)

                        Utang tanggal perdagangan (trade date payable)
 6.4                                                                                                             -              0%
                        Trade Date Payables

                        Ekuitas dan liabilitas lainnya yang tidak masuk dalam kategori diatas,
                        termasuk liabilitas lainnya tanpa jangka waktu*)
 6.5                                                                                                             -              0%
                        Equity and Other Liabilities Not Classified Under the Above Categories,
                        Including Other Non-maturity Liabilities

 7              Total ASF




       398                                                                                                            Laporan Tahunan 2025
Page 399
                                                                                                    PT Bank Mandiri Taspen




                               Nilai Tercatat Berdasarkan Sisa Jangka Waktu
                                             (Dalam Juta Rupiah)
                     Carrying Amount Based on Remaining Maturity (in millions of Rupiah)
                                                                                                            Total Nilai
                                                                                                           Tertimbang
                                                                                                          Total Weighted
             < 6 bulan                      ≥ 6 bulan - <1 tahun                     ≥ 1 tahun
                                                                                                               Value
            < 6 months                      ≥ 6 months - <1 year                      ≥ 1 year

  Nilai Tercatat                       Nilai Tercatat                     Nilai Tercatat
                      Faktor ASF                         Faktor ASF                         Faktor ASF
    Carrying                             Carrying                           Carrying
                      ASF Factor                         ASF Factor                         ASF Factor
     Amount                               Amount                             Amount


                                                                                                             15,208,318


              -           50%                     -          50%                     -           100%          100,069



    29,784,880                            3,673,695                          4,389,377                       15,108,249



    16,616,139            50%             1,083,346          50%                54,185           100%         8,903,928


       286,900            50%                29,500          50%                     -           100%          158,200


              -           50%                     -          50%                     -           100%                 -


       861,010            50%                     -          50%                12,900           100%          443,405


              -           50%                     -          50%                     -           100%                 -


              -            0%                     -          50%                     -           100%                 -


              -            0%                     -          50%                     -           100%                 -


    10,558,795             0%              560,848           50%                72,291           100%          352,715


     1,462,035             0%             2,000,000          50%             4,250,000           100%         5,250,000


              -            0%                     -           0%                     -            0%                  -


                                                                                                               233,986


                                                0%


              -            0%                     -          50%                     -           100%                 -



              -            0%                     -          50%                     -           100%                 -



              -            0%                     -           0%                     -            0%                  -



        18,223             0%                16,643          50%              225,665            100%          233,986



                                                                                                             47,688,102




2025 Annual Report                                                                                               399
Page 400
Informasi Eksposur Risiko dan Permodalan
Risk Exposure and Capital Information




                                                                                                    Nilai Tercatat Berdasarkan Sisa
                                                                                                             Jangka Waktu
                                                                                                          (Dalam Juta Rupiah)
                                                                                                      Carrying Amount Based on
                                                                                                    Remaining Maturity (in millions of
                                                                                                                Rupiah)
                                        Komponen ASF
                                       ASF Components
                                                                                                          Tanpa Jangka Waktu
                                                                                                            Without Maturity

                                                                                                    Nilai Tercatat
                                                                                                                             Faktor ASF
                                                                                                      Carrying
                                                                                                                             ASF Factor
                                                                                                       Amount

                Aset Pada Neraca
                Assets on the Statement of Financial Position

                Total HQLA dalam rangka perhitungan NSFR
 1                                                                                                     1,436,099.02
                Total HQLA for the purpose of NSFR calculation

                  HQLA Level 1
 1.1                                                                                                      1,436,099
                  HQLA Level 1

                     Kas dan setara kas
 1.1.1                                                                                                     152,993                      0%
                     Cash and cash equivalents

                     Penempatan pada Bank Indonesia
 1.1.2                                                                                                    1,283,106                     0%
                     Placements with Bank Indonesia

                     HQLA Level 1 tidak termasuk aset yang mendapatkan faktor RSF 0%
 1.1.3                                                                                                               -
                     Level 1 HQLA excluding assets that were assigned a 0% RSF factor

                       Bebas dari segala klaim (unencumbered)
 1.1.3.1                                                                                                             -                   n.a
                       Free from any encumbrances (unencumbered)

                       Tidak bebas dari segala klaim (encumbered), berdasarkan sisa jangka
 1.1.3.2               waktu pengikatan aset                                                                         -                   n.a
                       Encumbered, based on the remaining maturity of the asset encumbrance

                  HQLA Level 2A
 1.2                                                                                                                 -
                  HQLA Level 2A

                     Bebas dari segala klaim (unencumbered)
 1.2.1                                                                                                               -                   n.a
                     Free from any encumbrances (unencumbered)

                     Tidak bebas dari segala klaim (encumbered), berdasarkan sisa jangka waktu
 1.2.2               pengikatan aset                                                                                 -                   n.a
                     Encumbered, based on the remaining maturity of the asset encumbrance

                  HQLA Level 2B
 1.3                                                                                                                 -
                  HQLA Level 2B

                     Bebas dari segala klaim (unencumbered)
 1.3.1                                                                                                               -                   n.a
                     Free from any encumbrances (unencumbered)

                     Tidak bebas dari segala klaim (encumbered), berdasarkan sisa jangka waktu
 1.3.2               pengikatan aset                                                                                 -                   n.a
                     Encumbered, based on the remaining maturity of the asset encumbrance

                Simpanan atau penempatan dana pada lembaga keuangan lain untuk aktivitas
 2              operasional                                                                                  74,756
                Deposits or placements with other financial institutions for operational purposes

                  Bebas dari segala klaim (unencumbered)
 2.1                                                                                                         74,756                    50%
                  Unencumbered (Free from any encumbrances)

                  Tidak bebas dari segala klaim (encumbered)
 2.2                                                                                                                 -
                  Encumbered (Not free from encumbrances)

                     Sisa jangka waktu pengikatan aset < 6 bulan
 2.2.1                                                                                                               -                 50%
                     Remaining maturity of asset encumbrance < 6 months

                     Sisa jangka waktu pengikatan aset ≥ 6 bulan < 1 tahun
 2.2.2                                                                                                               -                 50%
                     Remaining maturity of asset encumbrance ≥ 6 months and < 1 year




       400                                                                                                               Laporan Tahunan 2025
Page 401
                                                                                                         PT Bank Mandiri Taspen




                                 Nilai Tercatat Berdasarkan Sisa Jangka Waktu
                                               (Dalam Juta Rupiah)
                       Carrying Amount Based on Remaining Maturity (in millions of Rupiah)
                                                                                                                   Total Nilai
                                                                                                                  Tertimbang
                                                                                                                 Total Weighted
             < 6 bulan                        ≥ 6 bulan - <1 tahun                      ≥ 1 tahun
                                                                                                                      Value
            < 6 months                        ≥ 6 months - <1 year                      ≥ 1 year

  Nilai Tercatat        Faktor ASF       Nilai Tercatat                      Nilai Tercatat
                                                              Faktor ASF                          Faktor ASF
    Carrying             Carrying          Carrying                            Carrying
                                                              ASF Factor                          ASF Factor
     Amount              Amount             Amount                              Amount




     9,102,747.42                          1,063,957.44                        9,214,516.60                             650,967


        9,102,747                             1,063,957                           9,214,517                             650,967


                   -               n.a                    -            n.a                    -            n.a                -


       6,361,889                  0%                      -            0%                     -            0%                 -


       2,740,858                              1,063,957                           9,214,517                             650,967


       2,740,858                  5%          1,063,957                5%         9,214,517                5%           650,967



                   -              5%                      -           50%                     -          100%                 -



                   -                                      -                                   -                               -


                   -             15%                      -           15%                     -           15%                 -



                   -             15%                      -           50%                     -          100%                 -



                   -                                      -                                   -                               -


                   -             50%                      -           50%                     -           50%                 -



                   -             50%                      -           50%                     -          100%                 -



                   -                                      -                                   -                          37,378



                   -             50%                      -           50%                     -          100%            37,378


                   -                                      -                                   -                               -


                   -             50%                      -           50%                     -          100%                 -


                   -             50%                      -           50%                     -          100%                 -




2025 Annual Report                                                                                                     401
Page 402
Informasi Eksposur Risiko dan Permodalan
Risk Exposure and Capital Information




                                                                                                Nilai Tercatat Berdasarkan Sisa
                                                                                                         Jangka Waktu
                                                                                                      (Dalam Juta Rupiah)
                                                                                                  Carrying Amount Based on
                                                                                                Remaining Maturity (in millions of
                                                                                                            Rupiah)
                                       Komponen ASF
                                      ASF Components
                                                                                                      Tanpa Jangka Waktu
                                                                                                        Without Maturity

                                                                                                Nilai Tercatat
                                                                                                                         Faktor ASF
                                                                                                  Carrying
                                                                                                                         ASF Factor
                                                                                                   Amount

                     Sisa jangka waktu pengikatan aset ≥ 1 tahun
 2.2.3                                                                                                           -                100%
                     Remaining maturity of asset encumbrance ≥ 1 year

                Pinjaman kategori Lancar dan Dalam Perhatian Khusus (performing) dan surat
                berharga yang tidak gagal bayar (default)
 3                                                                                                               -
                Loans classified as Current and Special Mention (performing), as well as non-
                defaulted securities

                Pinjaman kategori Lancar dan Dalam Perhatian Khusus (performing) yang
 3.1            diberikan kepada:                                                                                -
                Loans classified as Current and Special Mention (performing) granted to:

                  Lembaga keuangan yang dijamin oleh HQLA Level 1 yang memenuhi
 3.1.1            persyaratan                                                                                    -
                  Financial institutions secured by eligible Level 1 HQLA

                     Bebas dari segala klaim (unencumbered)
 3.1.1.1                                                                                                         -                   n.a
                     Unencumbered (Free from any encumbrances)

                     Tidak bebas dari segala klaim (encumbered)
 3.1.1.2                                                                                                         -
                     Encumbered (Not free from encumbrances)

                       Sisa jangka waktu pengikatan aset < 6 bulan
 3.1.1.2.1                                                                                                       -                   n.a
                       Remaining maturity of asset encumbrance < 6 months

                       Sisa jangka waktu pengikatan aset ≥ 6 bulan < 1 tahun
 3.1.1.2.2                                                                                                       -                   n.a
                       Remaining maturity of asset encumbrance ≥ 6 months and < 1 year

                       Sisa jangka waktu pengikatan aset ≥ 1 tahun
 3.1.1.2.3                                                                                                       -                   n.a
                       Remaining maturity of asset encumbrance ≥ 6 months and < 1 year

                  Lembaga keuangan yang dijamin dengan non-HQLA Level 1, atau tidak
                  memenuhi persyaratan tertentu atau tanpa agunan
 3.1.2                                                                                                           -
                  Financial institutions secured by non-Level 1 HQLA, or not meeting certain
                  eligibility criteria, or unsecured

                     Bebas dari segala klaim (unencumbered)
 3.1.2.1                                                                                                         -                   n.a
                     Unencumbered (Free from any encumbrances)

                     Tidak bebas dari segala klaim (encumbered)
 3.1.2.2                                                                                                         -
                     Encumbered (Not free from encumbrances)

                       Sisa jangka waktu pengikatan aset < 6 bulan
 3.1.2.2.1                                                                                                       -                   n.a
                       Remaining maturity of asset encumbrance < 6 months

                       Sisa jangka waktu pengikatan aset ≥ 6 bulan < 1 tahun
 3.1.2.2.2                                                                                                       -                   n.a
                       Remaining maturity of asset encumbrance ≥ 6 months and < 1 year

                       Sisa jangka waktu pengikatan aset ≥ 1 tahun
 3.1.2.2.3                                                                                                       -                   n.a
                       Remaining maturity of asset encumbrance ≥ 1 year




       402                                                                                                           Laporan Tahunan 2025
Page 403
                                                                                                        PT Bank Mandiri Taspen




                                 Nilai Tercatat Berdasarkan Sisa Jangka Waktu
                                               (Dalam Juta Rupiah)
                       Carrying Amount Based on Remaining Maturity (in millions of Rupiah)
                                                                                                                 Total Nilai
                                                                                                                Tertimbang
                                                                                                               Total Weighted
             < 6 bulan                        ≥ 6 bulan - <1 tahun                     ≥ 1 tahun
                                                                                                                    Value
            < 6 months                        ≥ 6 months - <1 year                     ≥ 1 year

  Nilai Tercatat        Faktor ASF       Nilai Tercatat                     Nilai Tercatat
                                                              Faktor ASF                         Faktor ASF
    Carrying             Carrying          Carrying                           Carrying
                                                              ASF Factor                         ASF Factor
     Amount              Amount             Amount                             Amount


                   -            100%                      -          100%                    -          100%                -



       1,128,341                                143,313                         49,799,746                         42,451,306




       1,128,341                                143,313                         49,799,746                         42,451,306



                   -                              5,006                                      -                          2,503



                   -             10%              5,006               50%                    -          100%            2,503


                   -                                      -                                  -                              -


                   -             10%                      -           50%                    -          100%                -


                   -             50%                      -           50%                    -          100%                -


                   -            100%                      -          100%                    -          100%                -



                   -                                      -                                  -                              -



                   -             15%                      -           50%                    -          100%                -


                   -                                      -                                  -                              -


                   -             15%                      -           50%                    -          100%                -


                   -             50%                      -           50%                    -          100%                -


                   -            100%                      -          100%                    -          100%                -




2025 Annual Report                                                                                                   403
Page 404
Informasi Eksposur Risiko dan Permodalan
Risk Exposure and Capital Information




                                                                                                    Nilai Tercatat Berdasarkan Sisa
                                                                                                             Jangka Waktu
                                                                                                          (Dalam Juta Rupiah)
                                                                                                      Carrying Amount Based on
                                                                                                    Remaining Maturity (in millions of
                                                                                                                Rupiah)
                                       Komponen ASF
                                      ASF Components
                                                                                                          Tanpa Jangka Waktu
                                                                                                            Without Maturity

                                                                                                    Nilai Tercatat
                                                                                                                             Faktor ASF
                                                                                                      Carrying
                                                                                                                             ASF Factor
                                                                                                       Amount

                  Lembaga keuangan dan tanpa agunan, termasuk penempatan dana (tanpa
                  jangka waktu dan dengan jangka waktu) pada lembaga keuangan lain dan
                  bukan untuk aktivitas operasional
 3.1.3                                                                                                               -
                  Financial institutions, both secured and unsecured, including placements (both
                  non-maturity and term placements) with other financial institutions not for
                  operational purposes

                     Bebas dari segala klaim (unencumbered)
 3.1.3.1                                                                                                             -                 15%
                     Unencumbered (Free from any encumbrances)

                     Tidak bebas dari segala klaim (encumbered)
 3.1.3.2                                                                                                             -
                     Encumbered (Not free from encumbrances)

                       Sisa jangka waktu pengikatan aset < 6 bulan
 3.1.3.2.1                                                                                                           -                   n.a
                       Remaining maturity of asset encumbrance < 6 months

                       Sisa jangka waktu pengikatan aset ≥ 6 bulan < 1 tahun
 3.1.3.2.2                                                                                                           -                   n.a
                       Remaining maturity of asset encumbrance ≥ 6 months and < 1 year

                       Sisa jangka waktu pengikatan aset ≥ 1 tahun
 3.1.3.2.3                                                                                                           -                   n.a
                       Remaining maturity of asset encumbrance ≥ 1 year

                  Perusahaan non-keuangan, nasabah perorangan dan nasabah usaha mikro
                  dan usaha kecil, Pemerintah Indonesia, pemerintah negara lain, Entitas Sektor
                  Publik dan pinjaman lain, yang diantaranya:
 3.1.4                                                                                                               -
                  Non-financial corporates, individual customers, and micro and small enterprise
                  customers, the Government of Indonesia, foreign governments, public sector
                  entities, and other loans, which included:

                     Dikenakan bobot risiko ≤ 35% dalam pehitungan ATMR risiko kredit dengan
                     pendekatan standar
 3.1.4.1                                                                                                             -
                     Assigned a risk weight of ≤ 35% in the calculation of risk-weighted assets
                     (RWA) for credit risk under the standardized approach

                       Bebas dari segala klaim (unencumbered)
 3.1.4.1.1             Assigned a risk weight of ≤ 35% in the calculation of risk-weighted assets                    -                   n.a
                       (RWA) for credit risk under the standardized approach

                       Tidak bebas dari segala klaim (encumbered)
 3.1.4.1.2             Assigned a risk weight of ≤ 35% in the calculation of risk-weighted assets                    -
                       (RWA) for credit risk under the standardized approach

                          Sisa jangka waktu pengikatan aset < 6 bulan
 3.1.4.1.2.1                                                                                                         -                   n.a
                          Remaining maturity of asset encumbrance < 6 months

                          Sisa jangka waktu pengikatan aset ≥ 6 bulan < 1 tahun
 3.1.4.1.2.2                                                                                                         -                   n.a
                          Remaining maturity of asset encumbrance ≥ 6 months and < 1 year

                          Sisa jangka waktu pengikatan aset ≥ 1 tahun
 3.1.4.1.2.3                                                                                                         -                   n.a
                          Remaining maturity of asset encumbrance ≥ 1 year

                     Dikenakan bobot risiko > 35% dalam pehitungan ATMR risiko kredit dengan
                     pendekatan standar
 3.1.4.2                                                                                                             -
                     Assigned a risk weight of > 35% in the calculation of risk-weighted assets
                     (RWA) for credit risk under the standardized approach

                       Bebas dari segala klaim (unencumbered)
 3.1.4.2.1                                                                                                           -                   n.a
                       Unencumbered (Free from any encumbrances)




    404                                                                                                                  Laporan Tahunan 2025
Page 405
                                                                                                        PT Bank Mandiri Taspen




                                 Nilai Tercatat Berdasarkan Sisa Jangka Waktu
                                               (Dalam Juta Rupiah)
                       Carrying Amount Based on Remaining Maturity (in millions of Rupiah)
                                                                                                                 Total Nilai
                                                                                                                Tertimbang
                                                                                                               Total Weighted
             < 6 bulan                        ≥ 6 bulan - <1 tahun                     ≥ 1 tahun
                                                                                                                    Value
            < 6 months                        ≥ 6 months - <1 year                     ≥ 1 year

  Nilai Tercatat        Faktor ASF       Nilai Tercatat                     Nilai Tercatat
                                                              Faktor ASF                         Faktor ASF
    Carrying             Carrying          Carrying                           Carrying
                                                              ASF Factor                         ASF Factor
     Amount              Amount             Amount                             Amount




                   -                                      -                                  -                              -




                   -             15%                      -           50%                    -          100%                -


                   -                                      -                                  -                              -


                   -             15%                      -           50%                    -          100%                -


                   -             50%                      -           50%                    -          100%                -


                   -            100%                      -          100%                    -          100%                -




         113,598                                138,256                         49,748,700                         42,412,322




                   -                                      -                                  -                              -




                   -             50%                      -           50%                    -           65%                -



                   -                                      -                                  -                              -



                   -             50%                      -           50%                    -           65%                -


                   -             50%                      -           50%                    -           65%                -


                   -            100%                      -          100%                    -          100%                -



         113,598                                138,256                         49,748,700                         42,412,322



         113,598                 50%            138,256               50%       49,748,700               85%       42,412,322




2025 Annual Report                                                                                                   405
Page 406
Informasi Eksposur Risiko dan Permodalan
Risk Exposure and Capital Information




                                                                                                     Nilai Tercatat Berdasarkan Sisa
                                                                                                              Jangka Waktu
                                                                                                           (Dalam Juta Rupiah)
                                                                                                       Carrying Amount Based on
                                                                                                     Remaining Maturity (in millions of
                                                                                                                 Rupiah)
                                       Komponen ASF
                                      ASF Components
                                                                                                           Tanpa Jangka Waktu
                                                                                                             Without Maturity

                                                                                                     Nilai Tercatat
                                                                                                                              Faktor ASF
                                                                                                       Carrying
                                                                                                                              ASF Factor
                                                                                                        Amount

                       Tidak bebas dari segala klaim (encumbered)
 3.1.4.2.2                                                                                                            -
                       Encumbered (Not free from encumbrances)

                          Sisa jangka waktu pengikatan aset < 6 bulan
 3.1.4.2.2.1                                                                                                          -                   n.a
                          Remaining maturity of asset encumbrance < 6 months

                          Sisa jangka waktu pengikatan aset ≥ 6 bulan < 1 tahun
 3.1.4.2.2.2                                                                                                          -                   n.a
                          Remaining maturity of asset encumbrance ≥ 6 months and < 1 year

                          Sisa jangka waktu pengikatan aset ≥ 1 tahun
 3.1.4.2.2.3                                                                                                          -                   n.a
                          Remaining maturity of asset encumbrance ≥ 1 year

                  Tagihan (termasuk pinjaman) kepada Bank Indonesia dan bank sentral negara
                  lain dengan sisa jangka waktu kurang dari 1 tahun selain surat berharga yang
                  diterbitkan atau dijamin oleh Bank Indonesia dan bank sentral negara lain
 3.1.5                                                                                                                -
                  Receivables (including loans) from Bank Indonesia and other central banks
                  with a remaining maturity of less than one year, excluding securities issued or
                  guaranteed by Bank Indonesia and other central banks

                     Bebas dari segala klaim (unencumbered)
 3.1.5.1                                                                                                              -                   n.a
                     Unencumbered (Free from any encumbrances)

                     Tidak bebas dari segala klaim (encumbered)
 3.1.5.2                                                                                                              -
                     Encumbered (Not free from encumbrances)

                       Sisa jangka waktu pengikatan aset < 6 bulan
 3.1.5.2.1                                                                                                            -                   n.a
                       Remaining maturity of asset encumbrance < 6 months

                       Sisa jangka waktu pengikatan aset ≥ 6 bulan < 1 tahun
 3.1.5.2.2                                                                                                            -                   n.a
                       Remaining maturity of asset encumbrance ≥ 6 months and < 1 year

                       Sisa jangka waktu pengikatan aset ≥ 1 tahun
 3.1.5.2.3                                                                                                            -                   n.a
                       Remaining maturity of asset encumbrance ≥ 1 year

                  Tagihan kepada Bank Indonesia dan bank sentral negara lain (contoh:surat
                  berharga yang diterbitkan oleh Bank Indonesia dan bank sentral negara lain)
 3.1.6                                                                                                                -
                  Receivables from Bank Indonesia and other central banks (e.g., securities issued
                  by Bank Indonesia and other central banks)

                     Bebas dari segala klaim (unencumbered)
 3.1.6.1                                                                                                              -                   n.a
                     Unencumbered (Free from any encumbrances)

                     Tidak bebas dari segala klaim (encumbered)
 3.1.6.2                                                                                                              -
                     Encumbered (Not free from encumbrances)

                       Sisa jangka waktu pengikatan aset < 6 bulan
 3.1.6.2.1                                                                                                            -                   n.a
                       Remaining maturity of asset encumbrance < 6 months

                       Sisa jangka waktu pengikatan aset ≥ 6 bulan < 1 tahun
 3.1.6.2.2                                                                                                            -                   n.a
                       Remaining maturity of asset encumbrance ≥ 6 months and < 1 year

                       Sisa jangka waktu pengikatan aset ≥ 1 tahun
 3.1.6.2.3                                                                                                            -                   n.a
                       Remaining maturity of asset encumbrance ≥ 1 year

                  Kredit beragun rumah tinggal, yang diantaranya :
 3.1.7                                                                                                                -
                  Residential mortgage loans, which included:




    406                                                                                                                   Laporan Tahunan 2025
Page 407
                                                                                                        PT Bank Mandiri Taspen




                                 Nilai Tercatat Berdasarkan Sisa Jangka Waktu
                                               (Dalam Juta Rupiah)
                       Carrying Amount Based on Remaining Maturity (in millions of Rupiah)
                                                                                                                 Total Nilai
                                                                                                                Tertimbang
                                                                                                               Total Weighted
             < 6 bulan                        ≥ 6 bulan - <1 tahun                     ≥ 1 tahun
                                                                                                                    Value
            < 6 months                        ≥ 6 months - <1 year                     ≥ 1 year

  Nilai Tercatat        Faktor ASF       Nilai Tercatat                     Nilai Tercatat
                                                              Faktor ASF                         Faktor ASF
    Carrying             Carrying          Carrying                           Carrying
                                                              ASF Factor                         ASF Factor
     Amount              Amount             Amount                             Amount


                   -                                      -                                  -                              -


                   -             50%                      -           50%                    -           85%                -


                   -             50%                      -           50%                    -           85%                -


                   -            100%                      -          100%                    -          100%                -




       1,014,721                                          -                                  -                              -




       1,014,721                  0%                      -           50%                    -                              -


                   -                                      -                                  -                              -


                   -              0%                      -           50%                    -                              -


                   -             50%                      -           50%                    -                              -


                   -            100%                      -          100%                    -                              -



                   -                                      -                                  -                              -



                   -              0%                      -            5%                    -            5%                -


                   -                                      -                                  -                              -


                   -              0%                      -            5%                    -            5%                -


                   -             50%                      -           50%                    -           50%                -


                   -            100%                      -          100%                    -          100%                -


              22                                     51                             51,046                             36,481




2025 Annual Report                                                                                                   407
Page 408
Informasi Eksposur Risiko dan Permodalan
Risk Exposure and Capital Information




                                                                                                  Nilai Tercatat Berdasarkan Sisa
                                                                                                           Jangka Waktu
                                                                                                        (Dalam Juta Rupiah)
                                                                                                    Carrying Amount Based on
                                                                                                  Remaining Maturity (in millions of
                                                                                                              Rupiah)
                                       Komponen ASF
                                      ASF Components
                                                                                                        Tanpa Jangka Waktu
                                                                                                          Without Maturity

                                                                                                  Nilai Tercatat
                                                                                                                           Faktor ASF
                                                                                                    Carrying
                                                                                                                           ASF Factor
                                                                                                     Amount

                     Dikenakan bobot risiko ≤ 35% dalam pehitungan ATMR risiko kredit dengan
                     pendekatan standar
 3.1.7.1                                                                                                           -
                     Assigned a risk weight of ≤ 35% in the calculation of risk-weighted assets
                     (RWA) for credit risk under the standardized approach

                       Bebas dari segala klaim (unencumbered)
 3.1.7.1.1                                                                                                         -                   n.a
                       Unencumbered (Free from any encumbrances)

                       Tidak bebas dari segala klaim (encumbered)
 3.1.7.1.2                                                                                                         -
                       Encumbered (Not free from encumbrances)

                          Sisa jangka waktu pengikatan aset < 6 bulan
 3.1.7.1.2.1                                                                                                       -                   n.a
                          Remaining maturity of asset encumbrance < 6 months

                          Sisa jangka waktu pengikatan aset ≥ 6 bulan < 1 tahun
 3.1.7.1.2.2                                                                                                       -                   n.a
                          Remaining maturity of asset encumbrance ≥ 6 months and < 1 year

                          Sisa jangka waktu pengikatan aset ≥ 1 tahun
 3.1.7.1.2.3                                                                                                       -                   n.a
                          Remaining maturity of asset encumbrance ≥ 1 year

                     Dikenakan bobot risiko > 35% dalam pehitungan ATMR risiko kredit dengan
                     pendekatan standar
 3.1.7.2                                                                                                           -
                     Assigned a risk weight of > 35% in the calculation of risk-weighted assets
                     (RWA) for credit risk under the standardized approach

                       Bebas dari segala klaim (unencumbered)
 3.1.7.2.1                                                                                                         -                   n.a
                       Unencumbered (Free from any encumbrances)

                       Tidak bebas dari segala klaim (encumbered)
 3.1.7.2.2                                                                                                         -
                       Encumbered (Not free from encumbrances)

                          Sisa jangka waktu pengikatan aset < 6 bulan
 3.1.7.2.2.1                                                                                                       -                   n.a
                          Remaining maturity of asset encumbrance < 6 months

                          Sisa jangka waktu pengikatan aset ≥ 6 bulan < 1 tahun
 3.1.7.2.2.2                                                                                                       -                   n.a
                          Remaining maturity of asset encumbrance ≥ 6 months and < 1 year

                          Sisa jangka waktu pengikatan aset ≥ 1 tahun
 3.1.7.2.2.3                                                                                                       -                   n.a
                          Remaining maturity of asset encumbrance ≥ 1 year

                Surat berharga yang tidak mengalami gagal bayar dan non-HQLA serta saham
                yang diperdagangkan di bursa dan non-HQLA, dengan syarat tertentu
 3.2                                                                                                               -
                Securities that are non-defaulted and non-HQLA, as well as listed equities and
                non-HQLA instruments, subject to certain conditions

                  Bebas dari segala klaim (unencumbered)
 3.2.1                                                                                                             -                   n.a
                  Unencumbered (Free from any encumbrances)

                  Tidak bebas dari segala klaim (encumbered)
 3.2.2                                                                                                             -
                  Encumbered (Not free from encumbrances)

                     Sisa jangka waktu pengikatan aset < 6 bulan
 3.2.2.1                                                                                                           -                   n.a
                     Remaining maturity of asset encumbrance < 6 months

                     Sisa jangka waktu pengikatan aset ≥ 6 bulan < 1 tahun
 3.2.2.2                                                                                                           -                   n.a
                     Remaining maturity of asset encumbrance ≥ 6 months and < 1 year

                     Sisa jangka waktu pengikatan aset ≥ 1 tahun
 3.2.2.3                                                                                                           -                   n.a
                     Remaining maturity of asset encumbrance ≥ 1 year




       408                                                                                                             Laporan Tahunan 2025
Page 409
                                                                                                        PT Bank Mandiri Taspen




                                 Nilai Tercatat Berdasarkan Sisa Jangka Waktu
                                               (Dalam Juta Rupiah)
                       Carrying Amount Based on Remaining Maturity (in millions of Rupiah)
                                                                                                                 Total Nilai
                                                                                                                Tertimbang
                                                                                                               Total Weighted
             < 6 bulan                        ≥ 6 bulan - <1 tahun                     ≥ 1 tahun
                                                                                                                    Value
            < 6 months                        ≥ 6 months - <1 year                     ≥ 1 year

  Nilai Tercatat        Faktor ASF       Nilai Tercatat                     Nilai Tercatat
                                                              Faktor ASF                         Faktor ASF
    Carrying             Carrying          Carrying                           Carrying
                                                              ASF Factor                         ASF Factor
     Amount              Amount             Amount                             Amount



                   -                                      -                         34,725                             22,571



                   -             50%                      -           50%           34,725               65%           22,571


                   -                                      -                                  -                              -


                   -             50%                      -           50%                    -           65%                -


                   -             50%                      -           50%                    -           65%                -


                   -            100%                      -          100%                    -          100%                -



              22                                     51                             16,321                             13,909



              22                 50%                 51               50%           16,321               85%           13,909


                   -                                      -                                  -                              -


                   -             50%                      -           50%                    -           85%                -


                   -             50%                      -           50%                    -           85%                -


                   -            100%                      -          100%                    -          100%                -



                   -                                      -                                  -                              -



                   -             50%                      -           50%                    -           85%                -


                   -                                      -                                  -                              -


                   -             50%                      -           50%                    -           85%                -


                   -             50%                      -           50%                    -           85%                -


                   -            100%                      -          100%                    -          100%                -




2025 Annual Report                                                                                                   409
Page 410
Informasi Eksposur Risiko dan Permodalan
Risk Exposure and Capital Information




                                                                                                    Nilai Tercatat Berdasarkan Sisa
                                                                                                             Jangka Waktu
                                                                                                          (Dalam Juta Rupiah)
                                                                                                      Carrying Amount Based on
                                                                                                    Remaining Maturity (in millions of
                                                                                                                Rupiah)
                                       Komponen ASF
                                      ASF Components
                                                                                                          Tanpa Jangka Waktu
                                                                                                            Without Maturity

                                                                                                    Nilai Tercatat
                                                                                                                             Faktor ASF
                                                                                                      Carrying
                                                                                                                             ASF Factor
                                                                                                       Amount

                Aset yang memiliki pasangan liabilitas yang saling bergantung
 4                                                                                                                   -                    0%
                Assets with corresponding interdependent liabilities

                Aset lainnya
 5                                                                                                                   -
                Other assets

                  Komoditas fisik yang diperdagangkan, termasuk emas
 5.1                                                                                                                                    85%
                  Traded physical commodities, including gold

                  Kas, surat berharga dan aset lainnya yang dicatat sebagai initial margin untuk
                  kontrak derivatif dan kas atau aset lain yang diserahkan sebagai default fund
                  pada central counterparty (CCP)
 5.2
                  Cash, securities, and other assets recorded as initial margin for derivative
                  contracts, as well as cash or other assets placed as default fund contributions
                  to a central counterparty (CCP)

                  NSFR aset derivatif
 5.3
                  NSFR derivative assets

                  20% liabilitas derivatif sebelum dikurangi dengan variation margin
 5.4
                  20% of derivative liabilities before deduction of variation margin

                  Piutang tanggal perdagangan
 5.5                                                                                                                 -                    0%
                  Trade date receivables

                  Kredit atau pinjaman dengan kualitas Kurang Lancar, Diragukan dan Macet
 5.6              (Non-Performing Loan)                                                                              -                 100%
                  Non-Performing Loans (Substandard, Doubtful, and Loss categories)

                  Saham yang tidak diperdagangkan di bursa
 5.7                                                                                                                 -                    n.a
                  Unlisted equities

                  Aset tetap
 5.8                                                                                                                 -                    n.a
                  Fixed assets

                  Faktor pengurang modal
 5.9                                                                                                                 -                    n.a
                  Capital deductions

                  Surat berharga yang gagal bayar
 5.10                                                                                                                -                    n.a
                  Defaulted securities

                                                                                                                              mengikuti RSF
                                                                                                                             aset saat bebas
                  Aset lainnya yang tidak bebas dari segala klaim (encumbered)                                              dari segala klaim
 5.11                                                                                                                -
                  Other encumbered assets                                                                                  following the RSF
                                                                                                                            assets when free
                                                                                                                             from any claims

                  Aset lainnya yang tidak masuk dalam kategori diatas**)
 5.12                                                                                                                -                 100%
                  Other assets not classified under the above categories

                Total Aset
 6                                                                                                        1,510,855
                Total Assets




       410                                                                                                               Laporan Tahunan 2025
Page 411
                                                                                                        PT Bank Mandiri Taspen




                                 Nilai Tercatat Berdasarkan Sisa Jangka Waktu
                                               (Dalam Juta Rupiah)
                       Carrying Amount Based on Remaining Maturity (in millions of Rupiah)
                                                                                                                 Total Nilai
                                                                                                                Tertimbang
                                                                                                               Total Weighted
             < 6 bulan                        ≥ 6 bulan - <1 tahun                     ≥ 1 tahun
                                                                                                                    Value
            < 6 months                        ≥ 6 months - <1 year                     ≥ 1 year

  Nilai Tercatat        Faktor ASF       Nilai Tercatat                     Nilai Tercatat
                                                              Faktor ASF                         Faktor ASF
    Carrying             Carrying          Carrying                           Carrying
                                                              ASF Factor                         ASF Factor
     Amount              Amount             Amount                             Amount


                   -              0%                      -            0%                    -            0%                -


             783                                    430                            900,322                            901,535


                                                                                                                            -




                   -             85%                      -           85%                    -           85%                -




                   -            100%                      -          100%                    -          100%                -


                   -            100%                      -          100%                    -          100%                -


                   -              0%                      -            0%                    -            0%                -



             783                100%                430              100%          159,246              100%          160,459



                   -            100%                      -          100%                    -          100%                -


                   -            100%                      -          100%          741,076              100%          741,076


                   -            100%                      -          100%                    -          100%                -


                   -            100%                      -          100%                    -          100%                -




               mengikuti RSF aset saat bebas dari segala klaim
                                                                                             -          100%                -
             following the RSF assets when free from any claims




                   -            100%                      -          100%                    -          100%                -


      10,231,871                              1,207,700                         59,914,585              100%       44,041,185




2025 Annual Report                                                                                                    411
Page 412
Informasi Eksposur Risiko dan Permodalan
Risk Exposure and Capital Information




                                                                                                           Nilai Tercatat Berdasarkan Sisa
                                                                                                                    Jangka Waktu
                                                                                                                 (Dalam Juta Rupiah)
                                                                                                             Carrying Amount Based on
                                                                                                           Remaining Maturity (in millions of
                                                                                                                       Rupiah)
                                           Komponen ASF
                                          ASF Components
                                                                                                                  Tanpa Jangka Waktu
                                                                                                                    Without Maturity

                                                                                                           Nilai Tercatat
                                                                                                                                  Faktor ASF
                                                                                                             Carrying
                                                                                                                                  ASF Factor
                                                                                                              Amount

                  Transaksi Rekening Administratif
                  Off-Balance Sheet Transactions

                  Kewajiban komitmen dalam bentuk fasilitas kredit dan fasilitas likuiditas yang
                  bersifat tidak dapat dibatalkan (irrevocable) atau dapat dibatalkan dengan syarat
 7
                  (conditionally revocable)
                  Irrevocable or conditionally revocable committed credit and liquidity facilities

                  Fasilitas kredit dan fasilitas likuiditas yang bersifat dapat dibatalkan tanpa syarat
 8                (unconditionally revocable)
                  Unconditionally revocable credit and liquidity facilities

                  Kewajiban yang berasal dari instrumen trade finance (termasuk garansi dan letters
 9                of credit (L/C))
                  Trade finance instruments (including guarantees and letters of credit (L/C))

                  Letters of credit (L/C) dan garansi yang tidak terkait dengan kewajiban trade
 10               finance
                  Letters of credit (L/C) and guarantees not related to trade finance obligations

                  Kewajiban non-kontraktual
 11
                  Non-contractual obligations

                  Total Transaksi Rekening Administratif
 12
                  Total Off-Balance Sheet Transactions

                  Total RSF
 13
                  Total ASF

                  Rasio Pendanaan Stabil Bersih (Net Stable Funding Ratio (%))
 14
                  Net Stable Funding Ratio (NSFR) (%)




                                                                       Analisis
                                                                       Analysis

 1. Net Stable Funding Ratio (NSFR) Bank Mandiri Taspen per                  1. The Net Stable Funding Ratio (NSFR) of Bank Mandiri Taspen as
    31 Desember 2025 adalah sebesar 108,28%, turun sebesar -2,33%               of December 31, 2025 was recorded at 108.28%, representing a
    dari posisi laporan sebelumnya 30 September 2025 sebesar                    decrease of 2.33% compared to the previous reporting position
    110,61% dan terjaga di atas ketentuan regulator yaitu minimal               as of September 30, 2025 of 110.61%, and remained above the
    100%. Beberapa perubahan nilai NSFR tersebut dijelaskan sebagai             regulatory minimum requirement of 100%. The changes in the
    berikut:                                                                    NSFR were explained as follows:
      a. Terdapat peningkatan ASF sebesar Rp455 M (nilai tertimbang)            a. Available Stable Funding (ASF) increased by IDR455 billion
         dan RSF meningkat sebesar Rp1,34 T (nilai tertimbang). Hal                (weighted value), while Required Stable Funding (RSF) increased
         tersebut berkontribusi atas penurunan nilai NSFR.                         by IDR1.34 trillion (weighted value), which contributed to the
                                                                                   decline in the NSFR.
      b. Pada sisi ASF, terdapat penurunan sisa jatuh tempo atas                b. On the ASF side, there was a reduction in the remaining maturity
         pendanaan wholesale funding, di mana hal ini memberikan                   of wholesale funding, which affected the realization of ASF
         dampak pada realisasi nilai ASF.                                          values.
 2. Komposisi ASF didominasi oleh Simpanan nasabah Perorangan                2. The composition of ASF was predominantly contributed by deposits
    sebesar Rp22,72 T dan Simpanan nasabah Korporasi sebesar                    from individual customers amounting to IDR22.72 trillion and
    Rp15,21 T (nilai tertimbang).                                               deposits from corporate customers amounting to IDR15.21 trillion
                                                                                (weighted values).




       412                                                                                                                   Laporan Tahunan 2025
Page 413
                                                                                                                   PT Bank Mandiri Taspen




                                 Nilai Tercatat Berdasarkan Sisa Jangka Waktu
                                               (Dalam Juta Rupiah)
                       Carrying Amount Based on Remaining Maturity (in millions of Rupiah)
                                                                                                                                Total Nilai
                                                                                                                               Tertimbang
                                                                                                                              Total Weighted
               < 6 bulan                         ≥ 6 bulan - <1 tahun                             ≥ 1 tahun
                                                                                                                                   Value
              < 6 months                         ≥ 6 months - <1 year                             ≥ 1 year

  Nilai Tercatat        Faktor ASF          Nilai Tercatat                             Nilai Tercatat
                                                                  Faktor ASF                                Faktor ASF
    Carrying             Carrying             Carrying                                   Carrying
                                                                  ASF Factor                                ASF Factor
     Amount              Amount                Amount                                     Amount




                   -              5%                         -               5%                         -             5%                            -




              228                 0%                   908                   0%                         -             0%                            -



                   -              3%                         -               3%                         -             3%                            -



                   -              5%                         -               5%                         -             5%                            -



                   -              5%                         -               5%                         -             5%                            -


              228                                      908                                              -                                           -


                                                                                                                                       44,041,185


                                                                                                                                         108.28%




Aset Terikat (Encumbrance) (ENC)
Encumbered Assets (ENC)

Tabel Aset Terikat (Encumbrance) (ENC)
Table of Encumbered Assets (ENC)
                                                                                                                 (dalam jutaan rupiah / in IDR million)



                                        a                              b                            c                              d

                                                             Aset yang dijaminkan
                                Aset Bank yang                                              Aset Bank yang
                                                              untuk fasilitas Bank
                                  Dijaminkan                                               tidak Dijaminkan
                                                             Indonesia (Opsional)
                                (Encumbered)                                               (unencumbered)                       Total
                                                                 Assets pledged
                               Bank-Encumbered                                            Unencumbered Bank
                                                               for Bank Indonesia
                                    Assets                                                      Assets
                                                               facilities (Optional)

 Kas
                                        -                               -                          152,993                        152,993
 Cash

 Penempatan
                                        -                               -                         7,719,752                     7,719,752
 Placement




2025 Annual Report                                                                                                                       413
Page 414
Informasi Eksposur Risiko dan Permodalan
Risk Exposure and Capital Information




                                            a                                b                               c                              d

                                                              Aset yang dijaminkan
                                   Aset Bank yang                                                  Aset Bank yang
                                                               untuk fasilitas Bank
                                     Dijaminkan                                                   tidak Dijaminkan
                                                              Indonesia (Opsional)
                                   (Encumbered)                                                   (unencumbered)                         Total
                                                                  Assets pledged
                                  Bank-Encumbered                                                Unencumbered Bank
                                                                for Bank Indonesia
                                       Assets                                                          Assets
                                                                facilities (Optional)

 Surat berharga yang
 dimiliki                                   -                                -                           14,034,187                    14,034,187
 Securities held

 Aset keuangan lainnya
                                            -                                -                          50,594,884                     50,594,884
 Other financial assets

 Aset lainnya
                                            -                                -                              516,751                        516,751
 Other assets

 Total Aset
                                            -                                -                          73,018,566                     73,018,566
 Total Assets




                                                                Analisis Kualitatif
                                                                    Analysis

 1. Pada posisi 31 Desember 2025, tidak terdapat aset dalam kategori             1. As of 31 December 2025, there were no assets classified as
    encumbered asset. Aset Bank yang dijaminkan (encumbered asset)                  encumbered assets. Encumbered assets are bank assets that cannot
    adalah aset bank yang yang tidak dapat dijual, atau dijaminkan                  be sold or re-pledged due to legal, regulatory, contractual, or other
    kembali karena adanya batasan hukum, peraturan, kontraktual atau                restrictions. These assets include those pledged as collateral for
    lainnya. Aset ini termasuk aset yang digunakan untuk jaminan pada               repo transactions and interbank borrowing.
    transaksi repo dan jaminan atas pinjaman antar Bank.
 2. Aset tidak terikat merupakan aset yang bebas digunakan tanpa                 2. Unencumbered assets refer to assets that are freely available
    pembatasan. Pos ini jika tidak dikategorikan dalam kolom a dan                  without restrictions and are not included in the encumbered or Bank
    kolom b. Pada posisi 31 Desember 2025, total aset tidak terikat                 Indonesia pledged categories. As of 31 December 2025, the Bank’s
    Bank adalah Rp73.02 Triliun.                                                    total unencumbered assets amounted to IDR73.02 trillion.
 3. Aset yang dijaminkan untuk fasilitas Bank Indonesia (Opsional),              3. Assets pledged for Bank Indonesia facilities (optional) include
    termasuk aset yang dijaminkan ke Bank Indonesia untuk fasilitas                 assets pledged to Bank Indonesia for central bank liquidity facilities.
    likuiditas bank sentral. Pada posisi 31 Desember 2025, tidak                    As of 31 December 2025, there were no assets classified under this
    terdapat aset pada kategori ini.                                                category.




Manajemen Risiko Likuiditas (LIQA)
Liquidity Risk Management (LIQA)

Tabel Manajemen Risiko Likuiditas (LIQA)
Table of Liquidity Risk Management (LIQA)

 a.   Pengungkapan Kualitatif
      Qualitative Disclosure

      Merupakan risiko akibat ketidakmampuan Bank untuk memenuhi                 Liquidity risk is defined as the risk arising from the Bank’s inability
      liabilitas yang jatuh tempo dari sumber pendanaan arus kas dan/            to meet its maturing liabilities from cash flow funding sources and/
      atau dari aset likuid berkualitas tinggi yang dapat digunakan, tanpa       or from available high-quality liquid assets, without disrupting the
      mengganggu aktivitas dan kondisi keuangan Bank. Pengelolaan                Bank’s activities and financial condition. Liquidity risk management
      risiko likuiditas dilakukan dengan mengacu pada regulasi yang              is conducted in accordance with applicable regulations and internal
      berlaku dan kebijakan internal, yang mencakup prosedur dan                 policies, including procedures and technical guidelines. The primary
      petunjuk teknis. Tujuan utama dari pengelolaan risiko likuiditas           objective of liquidity risk management is to ensure that the Bank
      adalah untuk memastikan bahwa bank memiliki likuiditas yang                maintains sufficient liquidity to meet its financial obligations under
      cukup untuk memenuhi kewajiban finansialnya dalam berbagai                 both normal and stressed conditions.
      kondisi, baik normal maupun krisis.
      Pengelolaan risiko likuiditas antara lain dilakukan melalui upaya          Liquidity risk management is implemented, among others, through
      peningkatan pelayanan kepada nasabah penyimpan dalam                       efforts to enhance services to deposit customers in order to maintain
      rangka menjaga stabilitas dan kontinuitas jumlah simpanan,                 the stability and continuity of funding, policies on fund placement
      kebijakan penempatan dana pada instrumen yang aman dan                     in safe and liquid instruments, the implementation of a Contingency
      liquid, ketentuan terkait Contingency Funding Plan (CFP), dan              Funding Plan (CFP), and daily liquidity position monitoring, as well
      pemantauan posisi likuiditas secara harian serta evaluasi posisi           as regular evaluation of liquidity positions through Asset Liability
      likuiditas melalui rapat Asset Liability Committee (ALCO) secara           Committee (ALCO) meetings.
      rutin.




      414                                                                                                                           Laporan Tahunan 2025
Page 415
                                                                                                                         PT Bank Mandiri Taspen




      Pengelolaan risiko likuiditas Bank dijalankan oleh Divisi Risk        The Bank’s liquidity risk management is carried out by the Risk
      Management, Divisi Treasury serta berkoordinasi dengan Divisi         Management Division and the Treasury Division, in coordination with
      terkait pendanaan. Secara harian dilakukan proyeksi atas cash         relevant funding-related divisions. Daily cash flow projections are
      flow likuiditas dalam rangka menjaga indikator likuiditas dalam       conducted to ensure liquidity indicators remain within safe limits.
      batas aman. Bank menetapkan Risk Appetite Statement (RAS)             The Bank has established a Risk Appetite Statement (RAS), which is
      yang selanjutnya diturunkan dalam bentuk internal limit dalam         further translated into internal limits for liquidity risk management. In
      rangka mengelola risiko likuiditas. Selain hal tersebut dan sejalan   line with POJK No. 5 of 2024, the Bank has also developed indicators
      dengan implementasi POJK 5 Tahun 2024, Bank juga telah                and triggers, stress testing frameworks covering worst-case scenarios,
      menyusun indicator & trigger, stress test yang mencakup skenario      as well as alternative actions under the Recovery Plan framework.
      terburuk yang dapat dialami Bank, serta alternatif dan opsi yang
      dapat dilakukan Bank apabila Bank berada dalam indikator
      Recovery Plan.
      Bank mengukur indikator-indikator likuiditas antara lain: Rasio       The Bank measures liquidity indicators such as the Macroprudential
      Intermediasi Makroprudensial (RIM), Liquidity Coverage Ratio          Intermediation Ratio (RIM), Liquidity Coverage Ratio (LCR), Net Stable
      (LCR), Net Stable Funding Ratio (NSFR) dan menetapkan                 Funding Ratio (NSFR), and also establishes internal liquidity buffer
      batasan cadangan likuiditas secara internal untuk mencadangkan        limits for short-term liquidity needs. In addition, through the Treasury
      kebutuhan likuiditas jangka pendek. Selain hal tersebut, Bank         Division, the Bank ensures compliance with Minimum Reserve
      melaui Divisi Treasury melakukan pemenuhan atas kewajiban             Requirements (GWM) and Macroprudential Liquidity Buffer (PLM). To
      Giro Wajib Minimum (GWM) dan Penyangga Likuiditas                     reduce funding concentration risk, the Bank also monitors the Top 50
      Makroprudensial (PLM). Sebagai salah satu upaya mengurangi            depositor ratio on a daily basis and applies internal limits to manage
      konsentrasi pendanaan Bank mengukur rasio Top 50 nasabah              exposure.
      secara harian, serta memiliki internal limit dalam rangka
      membatasi eksposur risiko tersebut.
      Bank melakukan stress testing untuk mengukur kondisi likuiditas       The Bank conducts stress testing to assess future liquidity conditions
      Bank kedepan dalam beberapa skenario, baik yang bersifat              under various scenarios, including both idiosyncratic and market-wide
      spesifik ataupun berdampak luas (Market Wide Shock). Bank             shock scenarios. Stress tests are performed periodically by simulating
      melakukan stress test secara berkala dengan mengasumsikan             potential events and assessing their impact on liquidity risk. All risk
      skenario-skenario yang mungkin terjadi serta menghitung               management results are communicated with relevant units and form
      dampak risiko yang akan ditimbulkan. Seluruh hasil pengelolaan        part of discussions within the ALCO Committee.
      risiko disampaikan dan dikomunikasikan bersama unit terkait serta
      merupakan bagian dari pembahasan Komite ALCO.

 b.   Pengungkapan Kuantitaif
      Quantitative Disclosure

      Dalam pengukuran likuiditas Bank menggunakan ukuran nominal           In measuring liquidity, the Bank uses both stock-based indicators
      stock based (rasio-rasio keuangan) serta flow based (berbasi cash     (financial ratios) and flow-based approaches (cash flow-based
      flow). Rasio keuangan yang digunakan Bank antara lain: LCR,           analysis). Financial ratios used by the Bank include LCR, NSFR,
      NSFR, RIM, GWM, dan PLM. Pendekatan berbasis cash flow yang           RIM, GWM, and PLM. The flow-based approach is applied using the
      digunakan menggunakan metode liquidity gap.                           liquidity gap methodology.
      Laporan posisi keuangan dan rekening administratif berdasarkan        As of December 2025, the statement of financial position and off-
      kelompok jatuh tempo (maturity buckets) pada posisi Desember          balance sheet items based on maturity buckets show a mismatch
      2025 terdapat mismatch antara aset dan kewajiban jangka               between short-term assets and liabilities up to a remaining maturity
      pendek sampai dengan sisa jatuh tempo 1 tahun. Namun, pada            of 1 year. However, in the maturity bucket of more than 1 year, the Bank
      bucket sisa jatuh tempo > 1 tahun terjadi positif gap antara aset     recorded a positive gap between assets and liabilities.
      & liabilitas Bank.

                                                                                                                     (dalam jutaan rupiah / in IDR million)



                                                                                       Tidak                          Jatuh Tempo
                                                                                    Mempunyai                             Due
                                                                                   Kontrak Jatuh
                            Pos-pos
                                                                 Total                Tempo
                             Post                                                                       Sampai dengan
                                                                                   Does not have                                     >12 Bulan
                                                                                    an expiring            12 Bulan
                                                                                                                                    >12 Months
                                                                                     contract           Up to 12 Months


       I.   Neraca
       I.   Balance Sheet

       A. Aset
       A. Assets

            Kas
                                                                     152,993                152,993                         -                           -
            Cash

            Giro pada Bank Indonesia
                                                                   1,283,107              1,283,107                         -                           -
            Current Account at Bank Indonesia

            Penempatan pada Bank Indonesia
                                                                   6,361,889                        -            6,361,889                              -
            Placement at Bank Indonesia




2025 Annual Report                                                                                                                             415
Page 416
Informasi Eksposur Risiko dan Permodalan
Risk Exposure and Capital Information




                                                                          Tidak                     Jatuh Tempo
                                                                       Mempunyai                        Due
                                                                      Kontrak Jatuh
                            Pos-pos
                                                      Total              Tempo
                             Post                                                         Sampai dengan
                                                                      Does not have                              >12 Bulan
                                                                       an expiring           12 Bulan
                                                                                                                >12 Months
                                                                        contract          Up to 12 Months


            Giro pada bank Lain
                                                          74,756              74,756                     -                   -
            Current accounts at other banks

            Penempatan pada bank Lain
                                                                  -                   -                  -                   -
            Placement in other banks

            Surat Berharga yang Dimiliki
                                                      13,019,332                      -          3,412,701           9,606,631
            Securities Owned

            Surat Berharga yang dibeli dengan janji
            dijual kembali
                                                       1,014,855                      -         1,014,855                    -
            Securities purchased under agreement to
            resell

            Kredit yang Diberikan
                                                      50,530,716                      -           263,030           50,267,685
            Loans

            Total                                     72,437,647           1,510,855           11,052,475           59,874,316

      B.    Kewajiban
      B.    Liabilities

            Giro
                                                         434,920             434,920                     -                   -
            Current Account

            Tabungan
                                                      12,392,749          11,879,566           206,593.42           306,589.14
            Saving deposits

            Simpanan Berjangka
                                                      42,202,904           3,552,043           38,650,382                  480
            Time deposits

            Simpanan dari Bank Lain
                                                          49,789              38,789               11,000                    -
            Deposits from other banks

            Surat Berharga yang Diterbitkan
                                                       2,695,416                      -          1,197,963           1,497,454
            Securities Issued

            Pinjaman yang Diterima
                                                       5,000,000                      -         2,250,000            2,750,000
            Borrowings

            Total                                     62,775,778          15,905,317           42,315,939            4,554,522

            Liquidity Gap                                                (14,394,462)         (31,263,463)          55,319,794




      II.   Kewajiban Rekening Admministratif
                                                              1,137                   -             1,137                    -
      II.   Off-Balance Sheet Obligations

            Komitmen
                                                              1,137                   -             1,137                    -
            Commitment

            Kontijensi
                                                                  -                   -                  -                   -
            Contingency




    416                                                                                                      Laporan Tahunan 2025
Page 417
                                                                                                                      PT Bank Mandiri Taspen




Risiko Operasional
Operational Risk

Risiko operasional adalah risiko akibat ketidakcukupan dan/                 Operational risk is the risk arising from the inadequacy and/or
atau tidak berfungsinya proses internal, kesalahan manusia,                 failure of internal processes, human error, system failures, or
kegagalan sistem, atau adanya problem eksternal yang                        external events that affect the Bank’s operations.
mempengaruhi operasional Bank.


Untuk meminimalisasi risiko operasional yang timbul, Bank                   To minimize such operational risk, the Bank has strengthened
telah meningkatkan fungsi kontrol dalam pemrosesan transaksi                its control functions in transaction processing, among others,
yang dilakukan dengan cara antara lain dengan menerapkan                    by implementing procedures that ensure the timely completion
prosedur yang menjamin ketepatan waktu penyelesaian                         of transactions, aligning accounting methods with applicable
transaksi, melakukan penyesuaian metode akuntansi sesuai                    standards, maintaining proper documentation and record-
standar yang berlaku, memelihara dokumen dan arsip secara                   keeping, and securing access to assets and data. In addition,
tertib, mengamankan akses terhadap aset dan data. Selain itu                the Bank has enhanced the role of the internal audit work
Bank juga meningkatkan fungsi dari satuan kerja audit intern                unit, which regularly conducts reviews of banking operational
yang secara regular akan melakukan pemeriksaan terhadap                     activities.
kegiatan operasional perbankan.



Pengungkapan Kualitatif Umum
General Qualitative Disclosure

Tabel Laporan Penerapan Manajemen Risiko Untuk Risiko Operasional (ORA)
Table of Report on the Implementation of Risk Management for Operational Risk (ORA)


                                                           Analisis Kualitatif
                                                           Qualitative Analysis

  1    Peraturan, kebijakan, dan/atau pedoman terkait manajemen risiko       Regulations, policies, and/or guidelines related to Operational Risk
       untuk Risiko Operasional.                                             management.
       Risiko Operasional merupakan salah satu jenis risiko yang memiliki    Operational Risk is one of the risk types with a broad scope of
       cakupan yang luas. Oleh karena itu ketentuan yang mengatur            coverage. Therefore, the regulations governing this risk refer not
       risiko ini, disamping mengacu pada ketentuan yang dikeluarkan         only to regulatory requirements issued by the authorities, but
       oleh regulator, Bank juga secara internal menerbitkan beberapa        also to internal policies established by the Bank. The Bank has
       ketentuan utama yang berhubungan dengan risiko operasional            issued several key internal policies related to Operational Risk
       yang diatur dalam SP Manajemen Risiko Operasional (SP MRO),           management, namely the Operational Risk Management Policy (SP
       PT Risk & Control self Assessment (RCSA), PT Pelaporan Insiden        MRO), Risk and Control Self-Assessment (RCSA), Operational Risk
       Risiko Operasional (PIRO), PT Key Indicator & Issue and Action        Incident Reporting Policy (PIRO), Key Indicator & Issue and Action
       Management (KI & IAM) dan PT Operational Risk Management              Management (KI & IAM), and Operational Risk Management System
       System (ORMS) dimana berdasarkan ketentuan-ketentuan utama            (ORMS).These key policies serve as the basis for more detailed
       tersebut kemudian dituangkan ketentuan yang lebih terperinci agar     provisions to ensure that operational risk management initiatives
       upaya-upaya pengelolaan risiko operasional dapat efektif berjalan.    can be implemented effectively and consistently across the Bank.

       A.   Kebijakan Umum Penerapan Manajemen Risiko                        A.   General Policy on Risk Management Implementation
            Semakin kompleksnya kegiatan usaha maka semakin kompleks              As business activities become increasingly complex, the
            juga risiko yang akan terjadi. Dengan demikian, perbankan             associated risks also become more complex. Accordingly, banking
            akan meningkatkan kebutuhan praktek tata kelola serta fungsi          institutions are required to strengthen governance practices as
            Penerapan Manajemen Risiko.                                           well as the implementation of the Risk Management function.

            Kebijakan ini memuat penjelasan dan petunjuk dalam aktivitas          This policy provides explanations and guidelines for risk
            pengelolaan risiko pada Bank Mandiri Taspen, meliputi:                management activities at Bank Mandiri Taspen, which include:
            1) Organisasi dan fungsi manajemen risiko.                            1) Risk management organization and functions.
            2) Kebijakan, prosedur, dan penetapan limit.                          2) Policies, procedures, and limit setting.
            3) Proses Penerapan Manajemen Risiko yang terdiri dari                3) Risk Management implementation processes, consisting
                identifikasi, pengukuran, sistem informasi, pemantauan                of risk identification, risk measurement, management
                dan penetapan limit, serta pengendalian risiko.                       information systems, risk monitoring and limit setting, as
                                                                                      well as risk control.

            Risiko Operasional adalah risiko akibat ketidakcukupan dan            Operational Risk is defined as the risk arising from inadequate
            atau tidak berfungsinya proses internal, kesalahan manusia,           and/or failed internal processes, human error, system failure,
            kegagalan sistem, dan atau adanya kejadian-kejadian eksternal         and/or external events that affect the Bank’s operations.
            yang mempengaruhi operasional Bank.




2025 Annual Report                                                                                                                     417
Page 418
Informasi Eksposur Risiko dan Permodalan
Risk Exposure and Capital Information




                                                             Analisis Kualitatif
                                                             Qualitative Analysis

            Faktor-faktor    yang    menyebabkan     timbulnya   Risiko        The factors causing Operational Risk are as follows:
            Operasional, adalah sebagai berikut:                               1. Internal processes, namely the inadequacy of policies,
            1) Proses internal, faktor ketidakcukupan aspek kebijakan,             procedures, and limits, including implementation gaps
                prosedur dan limit termasuk penyimpanan pelaksanaan                that may disrupt the Bank’s operational activities,
                yang berpotensi mengganggu aktivitas operasional,                  business processes, and customer services.
                bisnis dan layanan nasabah Bank.
            2) Manusia, faktor ketidakcukupan aspek sumber daya                2.   People, namely the inadequacy of human resources in
                manusia baik secara kuantitas maupun kualitas yang                  terms of both quantity and quality, which may disrupt
                berpotensi mengganggu aktivitas operasional, bisnis dan             the Bank’s operational activities, business processes, and
                layanan nasabah Bank.                                               customer services.
            3) Sistem, faktor ketidakcukupan aspek sistem teknologi            3.   Systems, namely the inadequacy of information technology
                informasi yang berpotensi mengganggu aktivitas                      systems that may disrupt the Bank’s operational activities,
                operasional, bisnis dan layanan nasabah Bank.                       business processes, and customer services.
            4) Faktor eksternal, faktor dari luar kendali Bank yang            4.   External factors, namely events beyond the Bank’s
                mengganggu aktivitas operasional, bisnis dan layanan                control that may disrupt its operational activities, business
                nasabah Bank.                                                       processes, and customer services.

            Oleh karena itu, agar tercipta Penerapan Manajemen Risiko          Accordingly, to ensure an effective Operational Risk
            Operasional yang efektif, maka dilakukan proses identifikasi,      Management implementation, the Bank conducts processes of
            mengukur, memantau, dan mengendalikan risiko operasional           identifying, measuring, monitoring, and controlling operational
            yang timbul dari seluruh kegiatan usaha Bank. Disamping itu,       risks arising from all business activities. In addition, to ensure
            agar tingkat risiko operasional yang terjadi tetap berada pada     that operational risk remains within the Bank’s acceptable risk
            tingkat risiko yang dapat diterima Bank, maka Bank senantiasa      level, the Bank continuously applies effective operational risk
            melakukan pengendalian/mitigasi risiko operasional secara          mitigation and control measures.
            efektif.

            Tujuan utama manajemen risiko operasional adalah untuk             The primary objective of operational risk management is to
            meminimalkan kemungkinan dampak negatif dari tidak                 minimize the likelihood and impact of negative events arising
            berfungsinya proses internal, kesalahan manusia, kegagalan         from failures in internal processes, human error, system
            sistem, dan atau kejadian-kejadian eksternal.                      failures, and/or external events.

            Adapun jenis-jenis kejadian risiko operasional dapat               Operational risk events are generally categorized into the
            digolongkan menjadi beberapa tipe kejadian seperti:                following types:
            1) Fraud internal (internal fraud)                                 1. Internal fraud
            2) Fraud eksternal (external fraud)                                2. External fraud
            3) Praktek ketenagakerjaan dan keselamatan lingkungan              3. Employment practices and workplace safety
                kerja (employment practices and workplace safety)
            4) Nasabah, produk dan praktek bisnis (client, products and        4.   Clients, products, and business practices
                business practices)
            5) Kerusakan aset fisik (damage to physical assets)                5.   Damage to physical assets
            6) Gangguan aktivitas bisnis dan kegagalan sistem (business        6.   Business disruption and system failures
                disruption and system failures)
            7) Kesalahan proses dan eksekusi (execution and processing         7.   Execution and processing errors
                errors).

            Adapun penjelasan yang lebih detail terkait proses manajemen       The detailed operational risk management process is
            risiko operasional adalah meliputi hal-hal berikut:                described as follows:
            1) Identifikasi Risiko Operasional                                 1) Operational Risk Identification
                 Proses identifikasi risiko operasional dilakukan dengan           The operational risk identification process is conducted by
                 menggali dan menginventarisir berbagai permasalahan               exploring and inventorying various issues that may cause
                 yang dapat mengakibatkan kerugian Bank, baik yang                 losses to the Bank, both those that have occurred in the
                 sudah terjadi di masa lalu (aktual) maupun yang                   past (actual) and those that are expected to occur in the
                 diperkirakan dapat terjadi di masa depan (potensial).             future (potential). The inventory of operational risk issues
                 Inventarisasi permasalahan risiko operasional tersebut            is based on the frequency of occurrence and the level of
                 berdasarkan frekuensi terjadinya serta tingkat dampak             impact, or loss events (the level of loss that may arise
                 yang ditimbulkan atau loss events (tingkat kerugian yang          from an operational risk event).
                 dapat timbul akibat adanya suatu risiko operasional).

                Inventarisasi permasalahan sebagai proses dari                      The sources of risk issue identification include:
                identifikasi risiko operasional dapat diperoleh dari tiga
                sumber, antara lain:
                a. Pemilik risiko (risk owner)                                      a.   Risk owners
                    Kantor Pusat Operasional, cabang-cabang, serta unit                  Head Office Operations, branch offices, and other
                    kerja lainnya sebagai pemilik risiko mengumpulkan                    work units as risk owners collect operational risk
                    permasalahan yang dikategorikan risiko operasional                   issues through self-assessment or loss event
                    (risk issue) melalui self assessment atau pelaporan                  reporting.
                    kejadian kerugian (loss event)
                b. Laporan keuangan                                                 b.   Financial statements
                    Neraca dan laporan laba rugi serta perincian                         The balance sheet, income statement, and detailed
                    tiap perkiraan dapat digunakan sebagai sumber                        account breakdowns are used as sources for
                    identifikasi risiko operasional, antara lain berdasarkan             operational risk identification, including through the
                    kewajaran masing-masing perkiraan.                                   assessment of account reasonableness.
                c. Hasil temuan audit                                               c.   Audit findings




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                                                              Qualitative Analysis

                d.   Permasalahan-permasalahan bidang operasional                    d.   Operational issues identified in audit reports (both
                     berdasarkan laporan hasil pemeriksaan audit (baik                    internal andexternal) serve as a source of risk
                     internal maupun eksternal) dapat menjadi sumber                      identification. The audit period used is the most recent
                     identifikasi risiko. Periode laporan audit yang                      period aligned with the operational risk identification
                     digunakan adalah periode paling akhir sesuai dengan                  process.
                     proses identifikasi risiko operasional.
                     Sumber data hasil identifikasi risiko operasional                    Data sources for operational risk identification may
                     dapat bersifat data masa lalu (historis), data saat                  consist of historical data, current data, and predictive
                     ini (current) data dan potensi / perkiraan di masa                   or forward-looking estimates.
                     datang (predictive).
           2)   Pengukuran Risiko Operasional                                   2)   Operational Risk Measurement
                Dalam hal ini, Bank menggunakan risk scoring atau skoring            The Bank applies risk scoring or inherent risk scoring
                risiko inheren (peringkat risiko sebelum memperhitungkan             (risk rating before considering controls). The steps in
                kontrol). Langkah-langkah dalam perhitungan peringkat                calculating inherent risk ratings are as follows:
                risiko inheren tersebut adalah sebagai berikut:
                a. Menilai probabilitas terjadinya risiko                            a.   Assessing risk likelihood
                     Kemungkinan terjadinya suatu risiko diukur dengan                    The probability of risk occurrence is measured based
                     frekuensi terjadinya permasalahan yang diperoleh                     on the frequency of issues derived from historical
                     dari data historis pada suatu periode tertentu (sering               data over a certain period (commonly referred to as
                     disebut likelihood)                                                  likelihood).
                b. Menilai dampak risiko                                             b.   Assessing risk impact
                     Dampak adalah seberapa besar akibat yang harus                       Impact refers to the magnitude of loss the Bank
                     ditanggung Bank atas terjadinya suatu risiko, baik                   may incur due to a risk event, both qualitatively
                     kualitatif maupun kuantitatif. Setiap risk issue                     and quantitatively. Each risk issue is scored based
                     harus diperhitungkan dampaknya mulai dari yang                       on impact severity: “insignificant” (1), “minor” (2),
                     “insignificant” diberi skor 1, “minor” diberi skor 2,                “moderate” (3), “significant” (4), and “major to
                     “moderate” diberi skor 3, “significant” diberi skor                  catastrophic” (5).
                     4, “major to catastropic” diberi skor 5, perhitungan
                     dari rating dampak berkaitan dengan kerugian yang
                     mungkin akan ditanggung oleh Bank. Seluruh dampak
                     dari risk issue diberi skor dengan skala 1 sampai 5.
                c. Menghitung skoring risiko operasional (peringkat                  c.   Calculating operational risk score (inherent risk
                     risiko inheren)                                                      rating)
                     Setelah skor frekuensi dan dampak suatu risiko                       After determining likelihood and impact scores, the
                     dihitung bobotnya, maka peringkat risiko inheren                     inherent risk rating is calculated by multiplying the
                     dapat dihitung dengan mengalikan skor frekuensi                      likelihood score by the impact score.
                     (likelihood) dengan skor dampak.
                d. Pengelompokan peringkat risiko inheren                            d.   Grouping of inherent risk ratings
                     Tujuan dari pengelompokan ini adalah untuk menjadi                   This classification serves as a reference for further
                     pedoman dan acuan dalam pelaksanaan manajemen                        risk management activities, particularly monitoring
                     risiko operasional pada tahap selanjutnya, yaitu                     and control. The inherent risk scale is categorized as:
                     pemantauan dan pengendalian risiko. Dengan skala                     “low” (1), “low to medium” (2), “medium” (3), “medium
                     peringkat risiko inheren “low” diberi skor 1, “low                   to high” (4), and “high” (5).
                     to medium” diberi skor 2, “medium” diberi skor 3,
                     “medium to high” diberi skor 4 dan “high” diberi skor 5.

           3)   Pemantauan Risiko Operasional                                   3)   Operational Risk Monitoring
                Satuan Kerja Manajemen Risiko menyelenggarakan                       The Risk Management Work Unit conducts continuous
                pemantauan risiko operasional secara rutin dan                       and periodic monitoring of all operational risk exposures
                berkelanjutan    terhadap     seluruh   eksposur  risiko             at both branch and head office levels. This includes
                operasional pada Kantor Cabang dan Kantor Pusat antara               providing periodic reports on control assessment results
                lain dengan menyediakan laporan berkala mengenai hasil               and operational loss events, as well as implementing
                penilaian kontrol dan data kerugian yang ditimbulkan                 internal control systems. These reports are submitted to
                oleh risiko operasional (loss event) maupun dengan cara              the Board of Directors.
                menerapkan sistem pengendalian internal. Laporan
                tersebut disampaikan kepada Direksi.

           4)   Pengendalian Risiko Operasional                                 4)   Operational Risk Control
                Salah satu faktor utama dalam program pengendalian dan               One of the key factors in operational risk control and
                mitigasi risiko operasional adalah melalui pengembangan              mitigation is the development of a strong control culture
                budaya kontrol bagi seluruh lapisan karyawan Bank                    across all levels of Bank Mandiri Taspen employees.
                Mandiri Taspen.

                Aspek penting lainnya dalam pengelolaan risiko                       Another important aspect is the availability of an
                operasional adalah tersedianya Sistem Informasi                      Operational Risk Management Information System aimed
                Manajemen Risiko Operasional yang bertujuan untuk:                   at:
                1. Menghasilkan laporan yang lengkap dan akurat dalam                1. Producing complete and accurate reports to detect
                    rangka mendeteksi dan mengoreksi penyimpangan                        and correct deviations in a timely manner.
                    secara tepat waktu.
                2. Memberikan informasi - informasi yang mendukung                   2.   Providing operational risk-related information to
                    laporan risiko operasional sesuai kebutuhan user                      support user needs, including:
                    diantaranya:
                    a. Profil risiko operasional dan operational risk loss.               a.   Operational risk profile and operational risk loss
                                                                                               reports
                     b.   Laporan Data Fraud PT Bank Mandiri Taspen                       b.   Fraud data reports of PT Bank Mandiri Taspen
                     c.   Laporan ATMR Risiko Operasional                                 c.   Operational Risk Weighted Assets (RWA) reports




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                                                              Analisis Kualitatif
                                                              Qualitative Analysis

       B.   Kebijakan Manajemen Risiko Operasional                             B.   Operational Risk Management Policy
            Bank melakukan pengelolaan risiko di seluruh organisasi                 The Bank manages risk across the entire organization.
            Bank. Ketentuan ini mengatur prinsip-prinsip utama dalam                This policy sets out the key principles of operational risk
            pengelolaan risiko operasional termasuk media atau alat                 management, including the tools and instruments used in
            (tools) yang digunakan dalam proses manajemen risiko yang               the risk management process, which cover risk identification,
            meliputi proses identifikasi, pengukuran, pemantauan dan                measurement, monitoring, and control processes.
            pengendalian risiko.

            Risiko operasional merupakan salah satu jenis risiko yang               Operational risk is one of the risk types that can trigger other
            dapat menjadi pemicu terjadinya jenis risiko lainnya dan                risk types and may result in both financial and non-financial
            dapat menimbulkan kerugian baik finansial maupun non                    losses. Therefore, the Bank is required to implement an
            finansial, oleh karena itu Bank wajib menerapkan manajemen              effective operational risk management framework through
            risiko operasional yang efektif, melalui proses identifikasi,           the processes of identifying, measuring, monitoring, and
            mengukur, memantau, dan mengendalikan risiko operasional                controlling operational risk exposures across all functional
            yang terekspos pada semua aktivitas fungsional Bank, melalui            activities of the Bank, using various tools and systems,
            beberapa alat atau media namun tidak terbatas seperti:                  including but not limited to the following:

            1)   Loss Event Database                                                1)   Loss Event Database
                 Merupakan sarana pencatatan atas insiden akibat risiko                  A system used to record operational risk-related
                 operasional ke dalam sistem. Pencatatan tersebut                        incidents. The recorded data is utilized for lessons learned,
                 digunakan sebagai: lesson learn, perhitungan regulatory                 calculation of regulatory capital charges, tracking action
                 capital charge, tracking penyelesaian pada action plan                  plans for future mitigation, and as relevant risk events for
                 untuk mitigasi kedepannya dan insiden dengan risiko yang                back-testing risk assessment results. The implementation
                 relevan sebagai bahan back testing atas hasil assessment                of the LED is supported by principles of completeness,
                 risiko yang dilakukan. Implementasi LED didukung dengan                 accuracy, and timeliness.
                 prinsip lengkap, akurat dan terkini.

            2)   Risk Control Self Assessment (RCSA)                                2)   Risk Control Self Assessment (RCSA)
                 Merupakan risk library risiko dan kontrol utama atas risiko             A risk library of key risks and controls related to
                 operasional yang ada di Bank dengan hasil assessment                    operational risk within the Bank, including assessment
                 atas risiko inheren maupun residual. Dimana akan                        results of both inherent and residual risk. Assessments are
                 dilakukan assessment secara kuartal untuk melihat profil                conducted quarterly to evaluate the overall operational
                 risiko operasional Bank secara keseluruhan. Implementasi                risk profile of the Bank. The implementation of RCSA is
                 RCSA didukung dengan prinsip accountable, independent                   supported by principles of accountability, independence,
                 dan transparant.                                                        and transparency.

            3)   Key Risk Indicator (KRI)                                           3)   Key Risk Indicator (KRI)
                 Adalah     indikator-indikator  risiko    utama/     yang               Indicators that have significant influence on the
                 memiliki pengaruh signifikan terhadap pencapaian                        achievement of operational and business objectives and/
                 tujuan obyektif dan/ atau Key Performance Indikator                     or Key Performance Indicators (KPIs) of the Bank. KRIs are
                 operasional dan bisnis Bank yang harus dipantau untuk                   monitored to provide early warning signals of negative
                 memberikan indikasi awal (early warning) apabila terjadi                trends that may trigger further investigation. If evaluation
                 kecenderungan yang negatif sehingga memicu untuk                        results indicate a significant increase in risk, immediate
                 segera dilakukan investigasi lebih lanjut (trigger event).              follow-up actions (action plans) are required.
                 Dalam hal ini, jika berdasarkan hasil evaluasi ditemukan
                 indikasi adanya peningkatan risiko yang signifikan, maka
                 harus segera dilakukan tindak lanjut penanganan (action
                 plan).

            4)   Laporan Profil Risiko Operasional                                  4)   Operational Risk Profile Report
                 Menggambarkan tingkat risiko dan kualitas kontrol yang                  A report that reflects the level of risk and quality of
                 dimiliki Bank. Profil risiko operasional mencakup penilaian             controls within the Bank. The operational risk profile
                 terhadap risiko inheren dan penilaian terhadap kualitas                 includes assessment of inherent risk and the quality of
                 penerapan Manajemen Risiko yang mencerminkan tata                       risk management implementation, which reflects risk
                 kelola risiko (risk governance), kerangka manajemen                     governance, risk management framework, information
                 risiko, sistem informasi dan sumber daya manusia, serta                 systems, human resources, and risk control systems.
                 sistem pengendalian risiko (risk control system). Dalam                 In conducting this assessment, the Bank complies with
                 melakukan penilaian profil risiko operasional, Bank wajib               applicable regulatory requirements, including those
                 mengacu pada ketentuan dari regulator yang mengatur                     related to bank soundness assessment and calculation
                 mengenai penilaian tingkat Kesehatan Bank Umum                          of Risk-Weighted Assets (RWA) for operational risk
                 maupun ketentuan lainnya seperti ketentuan terkait                      using the Standardized Approach for Commercial Banks,
                 Perhitungan Aset Tertimbang Menurut Risiko Untuk                        particularly reporting requirements for operational risk
                 Risiko Operasional Dengan Menggunakan Pendekatan                        management implementation.
                 Standar Bagi Bank Umum khususnya tentang pelaporan
                 penerapan manajemen risiko untuk risiko operasional.

            5)   IAM (Issues & Actions Management)                                  5)   Issues & Actions Management (IAM)
                 Pencatatan isu atas hasil dari penggunaan perangkat                     A system for recording issues identified through
                 manajemen risiko operasional maupun secara self                         operational risk management tools or self-identification,
                 identified beserta action plan sebagai bahan tracking                   along with corresponding action plans. This serves as a
                 bagi manajemen dan bukti atas management control                        tracking mechanism for management and demonstrates
                 awareness yang tinggi atas kelemahan-kelemahan                          strong management control awareness of existing control
                 kontrol yang ada.                                                       weaknesses.




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                                                           Qualitative Analysis

  2    Struktur dan organisasi atas manajemen dan fungsi kontrol terkait      Structure and Organization of Operational Risk Management and
       risiko operasional                                                     Control Functions

       A.   Dalam perkembangan bisnis dan kompleksitas Bank yang              A.   In line with the increasing development of business activities
            semakin meningkat sehingga diperlukan upaya-upaya                      and the growing complexity of the Bank, continuous efforts are
            peningkatan efektivitas proses manajemen risiko dan budaya             required to enhance the effectiveness of the risk management
            manajemen risiko ke seluruh jajaran organisasi Bank melalui            process and strengthen the risk management culture across all
            pendekatan 3 (Three) Line of Defense.                                  levels of the organization through the Three Lines of Defense
                                                                                   approach.




                           3rd line of Defense                                      Internal
                                                                                     Audit



                                                                              Risk Management;
                           2nd line of Defense
                                                                                 Compliance
                                                                            Risk Business Control;



                           1st line of Defense
                                                                   All Business Units / Front liners




            1)   Pemilik Risiko (Risk Owner)/All Business Units                    1)   Risk Owner / All Business Units
                 Unit yang melakukan aktivitas operasional dan bisnis                   Units performing the Bank’s operational and business
                 Bank, berada di garis depan dan bertindak sebagai                      activities serve as the frontline and act as the first line of
                 pertahanan lapis pertama.                                              defense.

                 Unit ini diharapkan memastikan adanya lingkungan                       These units are expected to ensure a conducive
                 pengendalian yang kondusif, menerapkan kebijakan                       control environment, fully implement established risk
                 manajemen risiko yang telah ditetapkan secara penuh                    management policies by considering risk factors in
                 kesadaran dengan mempertimbangkan faktor risiko                        all decisions and actions, and demonstrate effective
                 dalam keputusan dan tindakan yang dilakukan, serta                     internal controls, monitoring, and transparency over the
                 mampu menunjukkan adanya pengendalian internal yang                    effectiveness of such controls.
                 efektif, pemantauan & transparansi terhadap efektivitas
                 pengendalian internal tersebut.

            2)   Satuan Kerja Manajemen Risiko (SKMR), Satuan Kerja                2)   Risk Management Work Unit (SKMR), Compliance Work
                 Kepatuhan (SKK) dan Unit Kerja Risk Business Control                   Unit (SKK), and Risk Business Control Unit
                 Pertahanan lapis kedua di mana unit ini diharapkan                     These functions represent the second line of defense,
                 untuk bertanggung jawab dalam mengembangkan dan                        responsible for developing and monitoring the overall
                 memantau implementasi manajemen risiko dan kepatuhan                   implementation of the Bank’s risk management and
                 Bank secara keseluruhan serta melakukan pengawasan,                    compliance framework, as well as performing supervision,
                 pemantauan, dan pelaporan risiko-risiko Bank.                          monitoring, and reporting of the Bank’s risk exposures.

            3)   Satuan Kerja Audit Intern (SKAI)                                  3)   Internal Audit Work Unit (SKAI)
                 Pertahanan lapis ketiga yang bersifat independen                       This function represents the third line of defense and is
                 terhadap fungsi-fungsi lainnya dan diharapkan melakukan                independent from other functions. It is responsible for
                 review dan evaluasi terhadap aktivitas operasional dan                 reviewing and evaluating the Bank’s operational and
                 bisnis Bank dan implementasi risiko secara keseluruhan                 business activities as well as overall risk implementation,
                 serta memastikan bahwa pertahanan lapis pertama dan                    and ensuring that the first and second lines of defense are
                 kedua berjalan sesuai dengan ketentuan yang berlaku.                   operating in accordance with applicable regulations.

       B.   Struktur organisasi Bank senantiasa dikinikan dengan              B.   The Bank’s organizational structure is continuously updated
            memperhatikan strategi bisnis, kecukupan, dan kualitas sumber          by taking into account business strategy, adequacy and quality
            daya manusia maupun pemisahan tugas dan wewenang                       of human resources, as well as clear segregation of duties and
            dari masing-masing fungsi. Guna meningkatkan proses                    authorities across each function. In order to enhance the control
            pengendalian dan budaya manajemen risiko operasional, Bank             process and strengthen the operational risk management culture,
            memiliki Unit Kerja Risk Business Control yang bertindak               the Bank has established a Risk Business Control Unit that acts
            sebagai manajer risiko operasional dengan melakukan                    as an operational risk manager by performing monitoring and
            fungsi pemantauan dan pelaporan hasil pengelolaan risiko               reporting functions on the results of operational risk management
            operasional di Cabang/Distribution/Divisi tertentu.                    within selected Branches/Distribution networks/Divisions.




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                                                             Analisis Kualitatif
                                                             Qualitative Analysis

       C.   Tugas dan tanggung jawab Unit Kerja RBC sehubungan                C.   Duties and Responsibilities of the Risk Business Control (RBC)
            dengan manajemen risiko operasional antara lain:                       Unit in relation to Operational Risk Management include:
            1) Mengimplementasikan framework (prosedur, petunjuk                   1) Implementing the operational risk management
                teknis, risk appetite, metodologi, sistem) manajemen risiko            framework (procedures, technical guidelines, risk
                operasional bekerjasama dengan Unit Kerja Pengelola                    appetite, methodologies, and systems) in collaboration
                dan Pemilik Risiko.                                                    with Risk Managing Units and Risk Owners.
            2) Melakukan pengujian kontrol risiko operasional pada Unit            2) Conducting periodic operational risk control testing
                Kerja Pemilik Risiko secara berkala.                                   within Risk Owner Units.
            3) Melaksanakan root cause analysis atas insiden atau isu              3) Performing root cause analysis of incidents or issues and
                dan menyusun tindak lanjut perbaikan terkait isu atau                  developing corrective action plans jointly with Risk Owner
                insiden tersebut bersama Unit Kerja Pemilik Risiko.                    Units.
            4) Melakukan monitoring pelaksanaan tindak lanjut                      4) Monitoring the implementation of corrective actions
                perbaikan isu atau insiden, termasuk hasil audit internal              related to issues or incidents, including internal audit
                bersama Unit Kerja Pemilik Risiko.                                     findings, together with Risk Owner Units.
            5) Memberikan advis atas aktivitas operasional Unit Kerja              5) Providing advisory support on operational activities of
                Pemilik Risiko agar issue/critical point dapat termitigasi             Risk Owner Units to ensure that issues and critical points
                dengan baik.                                                           are adequately mitigated.

            Keberadaan fungsi Unit Kerja RBC bervariasi didalam                    The existence of the RBC function within the Bank’s
            organisasi Bank tergantung pada hasil penilaian atas efisiensi         organizational structure may vary depending on efficiency
            dan efektivitas pengendalian risiko antara lain penilaian atas         and effectiveness assessments of risk controls, including
            ukuran organisasi, kompleksitas bisnis, kemampuan dan                  evaluation of organizational size, business complexity,
            tersedianya sumber daya, besarnya risiko yang terpapar atau            availability and capability of resources, and the level of risk
            terekspos dari suatu aktivitas, jasa, produk dan layanan yang          exposure arising from activities, services, products, and
            diberikan.                                                             offerings provided.

       D.   Tugas dan tanggung jawab Operational Risk, meliputi:              D.   Duties and Responsibilities of Operational Risk Function include:
            1) Melakukan sosialisasi / refreshment dan pelatihan                   1) Conducting      socialization/refresher      programs      and
                prosedur   /   metodologi    pelaksanaan     penerapan                 training on operational risk management procedures and
                manajemen risiko operasional                                           methodologies.
            2) Memantau penerapan strategi dan kebijakan manajemen                 2) Monitoring the implementation of operational risk
                risiko operasional yang direkomendasikan Komite                        management strategies and policies recommended by the
                Manajemen Risiko dan disetujui oleh Direksi.                           Risk Management Committee and approved by the Board
                                                                                       of Directors.
            3)   Memantau dan melaporkan hasil pengelolaan risiko                  3) Monitoring and reporting operational risk management
                 operasional per unit kerja dan Bank secara konsolidasi,               results at both unit and consolidated Bank levels,
                 antara lain terkait Risk and Control Self Assessment                  including Risk and Control Self Assessment (RCSA), Loss
                 (RCSA), Loss Event Database (LED), Key Risk Indicators                Event Database (LED), Key Risk Indicators (KRI), and other
                 (KRI), dan media alat ukur lainnya.                                   measurement tools.
            4)   Memantau action plan dan perkembangannya atas                     4) Monitoring action plans and their progress based on
                 laporan yang dibuat Risk Owner / risk taking unit pada                reports from Risk Owners/risk-taking units related to
                 hasil RCSA, LED, dan KRI, sebagai bagian dari mitigasi                RCSA, LED, and KRI as part of overall operational risk
                 risiko operasional secara keseluruhan.                                mitigation.
            5)   Melakukan review / analisis dan kajian manajemen risiko           5) Reviewing and analyzing operational risk aspects of
                 operasional terhadap usulan unit bisnis / product owner               proposals from business units/product owners related to
                 terkait perencanan / penerbitan produk atau aktivias baru             the planning, issuance, or development of new products
                 dan / atau pengembangan                                               or activities.
            6)   Bersama unit kerja terkait / risk owner melakukan                 6) Together with relevant units/risk owners, identifying,
                 identifikasi, kaji ulang dan analisis terhadap operational            reviewing, and analyzing operational risk events for
                 risk events untuk penerapan RCSA ataupun tindakan                     RCSA implementation or preventive actions related to
                 pencegahan lainnya atas potensi kejadian risiko                       potential operational risk events, including those arising
                 operasional seperti risk events yang diakibatkan oleh                 from information technology failures, external events, and
                 teknologi informasi (information technology) dan kejadian             fraud incidents.
                 eksternal (external event) termasuk kejadian Fraud.
            7)   Membantu product owner dan unit kerja terkait lainnya             7)   Assisting product owners and relevant units in reviewing
                 dalam melakukan review atau memberikan rekomendasi                     or providing recommendations on policies or procedures
                 terhadap kebijakan atau prosedur yang terkait dengan                   related to products, activities, and services from an
                 produk, aktivitas dan jasa pada aspek manajemen risiko                 operational risk management perspective.
                 operasional.




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                                                             Qualitative Analysis

       E.   Adapun struktur unit organisasi Operational Risk dalam fungsi Satuan Kerja Manajemen Risiko (SKMR) adalah sebagai berikut:
            The structure of the Operational Risk organizational unit within the Risk Management Work Unit (SKMR) is as follows:


                                                              Direktorat Keuangan & Risk
                                                               Directorate Finance & Risk


                                                                    Keuangan & Risk
                                                                     Finance & Risk



                                                                      Risk Management




                                                  Market, Liquidity Risk &                                            IT, Product Delivery &
                 Credit & Portfolio Risk                                              Operational Risk
                                                      Data Analytics                                                        Fraud Risk




                                                      Asset & Liabilities                  Business &                        IT & Product
                        Credit Risk
                                                        Management                         Technology                        Delivery Risk



                      Enterprise Risk                                                     Operations &
                                                         Data Analyst                                                          Fraud Risk
                       Management                                                           Support



                                                         Middle Office



                         Pelaksana                        Pelaksana                         Pelaksana                          Pelaksana
                          Executor                         Executor                          Executor                           Executor



                     Directorat            Division             Department            Team

            Proses independent review oleh SKAI atas aktivitas Operasional dan teknologi informasi, senantiasa dijalankan secara regular.
            The independent review process conducted by the Internal Audit Work Unit (SKAI) on operational and information technology
            activities is performed on a regular basis.

  3    Sistem pengukuran untuk Risiko Operasional menggunakan                Operational Risk Measurement System Using the Standardized
       pendekatan standar (Standardized approach)                            Approach

  4    Ruang lingkup dan cakupan utama dari Kerangka Pelaporan               The main scope and coverage of the Operational Risk reporting
       Operational Risk kepada Pejabat eksekutif & Direksi.                  framework to executive officers and the Board of Directors are as
                                                                             follows:

       Profil dan kinerja pengelolaan risiko operasional dilakukan           The operational risk profile and management performance are
       dilaporkan secara berkala kepada Direksi melalui Komite               reported periodically to the Board of Directors through the Risk
       Manajemen Risiko ataupun yang meliputi laporan-laporan antara         Management Committee and include, among others, the following
       lain dibawah ini:                                                     reports:

       A.   Pengelolaan risiko operasional yang dilakukan melalui proses     A.   Operational risk management is carried out through the
            identifikasi, mengukur, memantau, mengendalikan dan                   process of identifying, measuring, monitoring, controlling, and
            melaporkan risiko operasional yang terekspos pada seluruh             reporting operational risks exposed to all functional activities/
            aktivitas fungsional/ unit kerja Bank di Kantor Pusat dan di          work units of the Bank at the Head Office and Branch Offices
            Kantor Cabang secara berkala.                                         on a regular basis.

       B.   Laporan Profil Risiko Operasional setiap Triwulan.               B.   Quarterly Operational Risk Profile Report.




2025 Annual Report                                                                                                                      423
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Informasi Eksposur Risiko dan Permodalan
Risk Exposure and Capital Information




                                                            Analisis Kualitatif
                                                            Qualitative Analysis

  5    Penjelasan mitigasi risiko dan transfer risiko yang digunakan dalam   Explanation of Risk Mitigation and Risk Transfer Used in
       manajemen untuk Risiko Operasional.                                   Operational Risk Management

       Penerapan teknologi informasi dan infrastruktur pendukung Bank        The implementation of information technology and supporting
       menuju proses kematangan ditandai dengan terus dilakukan              infrastructure at the Bank has been continuously enhanced as part
       proses perubahan (enhancement). Setiap pengembangan telah             of its maturity development process. Each system development
       memenuhi tahapan-tahapan seperti perencanaan, analisa                 follows structured stages, including planning, user requirement
       kebutuhan pengguna (User Requirement) perancangan sistem,             analysis, system design, programming, and pre-implementation
       pemrograman, uji coba sebelum diluncurkan antara lain: System         testing, such as System Integration Test (SIT), User Acceptance
       Integration Test (SIT) dan User Acceptance Test (UAT) dan             Test (UAT), and Product Trial Run (PTR). The Bank has developed
       Product Trial Run (PTR). Bank telah memiliki sistem aplikasi yang     application systems that support the management of customer
       dapat digunakan untuk mengelola data nasabah, produk, dan             data, products, banking activities, and regulatory reporting. These
       aktivitas Bank serta pelaporan ke Regulator. Sistem aplikasi terus    systems are continuously enhanced and adjusted to accommodate
       dikembangkan dan disesuaikan dengan pengembangan volume               increasing transaction volumes and business growth, with the
       transaksi dan bisnis Bank dengan tujuan untuk mengurangi risiko       objective of reducing operational risk, particularly human error, and
       operasional khususnya kesalahan yang disebabkan oleh faktor           improving operational efficiency.
       manusia (human error) dan meningkatkan efisiensi

       Seiring dengan perkembangan produk, aktivitas dan teknologi           In line with the development of products, business activities,
       informasi serta infrastruktur pendukung, Bank senantiasa              and supporting technology infrastructure, the Bank continuously
       melakukan pemantauan terhadap pencatatan, pelaporan, dan              monitors recording, reporting, and action plans related to the
       rencana aksi terkait Laporan Kejadian Kerugian Risiko Operasional     Loss Event Database (LED), Risk and Control Self Assessment
       (Loss Event Database), Risk Control Self Assessment (RCSA), Key       (RCSA), Key Risk Indicator (KRI), and Issue & Action Management
       Risk Indicator (KRI) dan Issue & Action Management (IAM) yang         (IAM), which are submitted by risk-owning work units on a regular
       disampaikan/dilaporkan oleh Unit Kerja Pemilik Risiko secara          basis. Information and analysis from these reports are periodically
       berkala. Informasi dan Analisa atas laporan loss event, RCSA,         submitted to Management. The Bank continuously enhances these
       KRI, dan IAM dilaporkan kepada Manajemen secara berkala.              operational risk management tools to enable earlier detection of
       Bank senantiasa melakukan pengembangan alat pengukuran                operational risk exposures.
       manajemen risiko operasional tersebut sehingga diharapkan
       eksposur risiko operasional dapat dideteksi lebih dini.

       Sejalan dengan semakin meningkatnya volume dan bisnis Bank,           As business volume continues to grow, the Bank also conducts
       pelatihan dan pengembangan terhadap karyawan Bank terus               ongoing employee training and development programs to improve
       dilakukan untuk meningkatkan kualitas dan kemampuannya                skills and competencies, thereby minimizing the occurrence of risk
       sehingga dapat meminimalkan kejadian risiko yang terjadi salah        events. Risk awareness programs are conducted periodically, while
       satunya telah dilakukan risk awareness yang dilakukan secara          employee capability development is carried out through structured
       berkala. Proses peningkatan kemampuan karyawan senantiasa             training and development plans aligned with job levels, needs, and
       dilakukan secara berkala melalui skema-skema rencana                  employee aspirations.
       pengembangan karyawan dan rencana pelatihan sesuai dengan
       jenjang jabatan, kebutuhan maupun aspirasi dari karyawan.

       Gedung-gedung kantor Bank Mandiri Taspen dibuatkan asuransi           To mitigate operational risk arising from external events, Bank
       untuk memitigasi terjadinya kerugian akibat risiko Operasional        Mandiri Taspen insures its office buildings against potential losses
       (eksternal event) seperti gempa, banjir, kebakaran dll. Selain        caused by risks such as earthquakes, floods, fires, and other
       itu untuk produk –produk kredit yang menggunakan agunan               disasters. In addition, credit products secured by collateral are also
       juga dibuatkan asuransi kerugian seperti akibat dari kebakaran,       covered by insurance against losses due to fire, natural disasters,
       bencana alam dan lain sebagainya, khusus segmen kredit komersil       and similar events. For commercial and consumer credit segments,
       dan konsumer terdapat asuransi jiwa untuk debitur hal ini juga        credit life insurance is also provided for debtors as an additional
       dilakukan untuk memitigasi kerugian Operational diakibatkan oleh      mitigation measure against operational losses caused by external
       eksternal event.                                                      events.

       Untuk mendukung kelangsungan operasional bisnis Bank                  To ensure business continuity during disasters or disruptions, the
       ketika terjadi bencana/ gangguan, maka Bank memiliki Business         Bank implements a Business Continuity Management framework.
       Continuity Management agar operasional bisnis Bank saat terjadi       This framework ensures that business processes, personnel, and
       bencana/ gangguan tetap dapat berlangsung. Standar Prosedur           information technology systems remain available to support critical
       ini memberikan aturan untuk memastikan bahwa alur proses kerja,       operations during interim conditions or disruptions, enabling the
       orang dan Teknologi Informasi (TI) tetap tersedia untuk mendukung     Bank to continue its core operations. As part of its implementation,
       operasional bisnis yang dibutuhkan dalam kondisi interim atau         the Bank conducts Disaster Recovery Plan (DRP) testing at least
       saat terjadi bencana/ gangguan sehingga Bank dapat melanjutkan        once a year for critical applications.
       operasional utamanya. Dalam pelaksanaanya kita melakukan uji
       coba DRP (Disaster Recovery Plan), minimal 1 kali dalam 1 tahun
       untuk aplikasi yang critical.




      424                                                                                                                   Laporan Tahunan 2025
Page 425
                     PT Bank Mandiri Taspen




2025 Annual Report                425
Page 426
Informasi Eksposur Risiko dan Permodalan
Risk Exposure and Capital Information




Perhitungan Risiko Operasional
Operational Risk Calculation

Tabel Data Kerugian Historis (OR1)
Table of Historical Loss Data (OR1)



                                                                                                             Validasi         Validasi
                      Kode                                                                Validasi
                                                                                                            Kolom T-1        Kolom T-2
                    Komponen           Indikator Bisnis (IB) dan komponen IB              Kolom T
 No       Data                                                                                               Column           Column
                    Component         Business Indicator (BI) and BI Components            Column
                                                                                                            Validation       Validation
                      Code                                                               Validation T
                                                                                                               T-1              T-2



                                    Batasan minimum untuk suatu kejadian kerugian operasional (loss event) sebesar
         Single     0101000000      Rp300.000.000,00 (tiga ratus juta rupiah) atau lebih
                                    Loss event threshold of IDR300,000,000.00 (three hundred million rupiah) or more

                                    Jumlah kerugian operasional bersih setelah
                                    memperhitungkan nilai pemulihan (tanpa
  1      Single     0101010000      pengecualian)                                          2,118.00          1,117.00                -
                                    Net operational losses after recovery (without
                                    exclusions)

                                    Jumlah terjadinya kerugian risiko operasional
  2      Single     0101020000                                                                 4.00              1.00                -
                                    Number of operational risk loss events

                                    Jumlah kerugian risiko operasional yang
  3      Single     0101030000      dikecualikan                                                   -                -                -
                                    Number of excluded operational risk losses

                                    Jumlah terjadinya kerugian risiko operasional yang
  4      Single     0101040000      dikecualikan                                                   -                -                -
                                    Number of excluded operational risk loss events

                                    Jumlah kerugian operasional bersih setelah
                                    memperhitungkan nilai pemulihan dan kerugian
  5      Single     0101050000      risiko operasional yang dikecualikan                   2,118.00          1,117.00                -
                                    Net operational losses after recovery and
                                    excluded operational risk losses

                                    Batasan minimum untuk suatu kejadian kerugian operasional (loss event) sebesar
         Single     0102000000      Rp1.500.000.000,00 (satu milyar lima ratus juta rupiah) atau lebih
                                    Loss event threshold of IDR1,500,000,000.00 (one billion five hundred million rupiah) or more

                                    Jumlah kerugian operasional bersih setelah
                                    memperhitungkan nilai pemulihan (tanpa
  6      Single     0102010000      pengecualian)                                                       -                -                -
                                    Net operational losses after recovery (without
                                    exclusions)

                                    Jumlah terjadinya kerugian risiko operasional
  7      Single     0102020000                                                                          -                -                -
                                    Number of operational risk loss events

                                    Jumlah kerugian risiko operasional yang
  8      Single     0102030000      dikecualikan                                                        -                -                -
                                    Number of excluded operational risk losses

                                    Jumlah terjadinya kerugian risiko operasional yang
  9      Single     0102040000      dikecualikan                                                        -                -                -
                                    Number of excluded operational risk loss events

                                    Jumlah kerugian operasional bersih setelah
                                    memperhitungkan nilai pemulihan dan kerugian
  10     Single     0102050000      risiko operasional yang dikecualikan                                -                -                -
                                    Net operational losses after recovery and
                                    excluded operational risk losses




      426                                                                                                          Laporan Tahunan 2025
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                                                                                                              PT Bank Mandiri Taspen




                                                                                                                             Validasi
                                                                                                                              Kolom
   Validasi           Validasi         Validasi         Validasi         Validasi         Validasi         Validasi
                                                                                                                           Rata-rata 10
  Kolom T-3          Kolom T-4        Kolom T-5        Kolom T-6        Kolom T-7        Kolom T-8        Kolom T-9
                                                                                                                              Tahun
   Column             Column           Column           Column           Column           Column           Column
                                                                                                                             Column
  Validation         Validation       Validation       Validation       Validation       Validation       Validation
                                                                                                                            Validation
     T-3                T-4              T-5              T-6              T-7              T-8              T-9
                                                                                                                             10-year
                                                                                                                             average




      651.00          3,152.00         6,452.00           503.00                -           360.00                -          1,435.30




        1.00              4.00             2.00             1.00                -             1.00                -              1.40



           -                 -                -                -                -                -                -                 -



           -                 -                -                -                -                -                -                 -




      651.00          3,152.00         6,452.00           503.00                -           360.00                -          1,435.30




               -                  -                -                -                -                -                -                -




               -                  -                -                -                -                -                -                -



               -                  -                -                -                -                -                -                -



               -                  -                -                -                -                -                -                -




               -                  -                -                -                -                -                -                -




2025 Annual Report                                                                                                             427
Page 428
Informasi Eksposur Risiko dan Permodalan
Risk Exposure and Capital Information




                                                                                                              Validasi          Validasi
                      Kode                                                                 Validasi
                                                                                                             Kolom T-1         Kolom T-2
                    Komponen          Indikator Bisnis (IB) dan komponen IB                Kolom T
 No       Data                                                                                                Column            Column
                    Component        Business Indicator (BI) and BI Components              Column
                                                                                                             Validation        Validation
                      Code                                                                Validation T
                                                                                                                T-1               T-2



                                    Rincian perhitungan modal untuk risiko operasional
         Single     0103000000
                                    Capital calculation details for operational risk

                                    Apakah kerugian digunakan dalam perhitungan
  11     Single     0103010000      FPKI? (Ya/Tidak)                                                  T
                                    Is loss data used in FPKI calculation? (Yes/No)

                                    Dalam hal baris 11 diisi "Tidak", apakah tidak
                                    digunakannya data kerugian intern tersebut
                                    disebabkan ketidaksesuaian standar minimum
  12     Single     0103020000      untuk data kerugian? (Ya/Tidak)                                   Y
                                    If item 11 is “No”, is the non-use of internal loss
                                    data due to non-compliance with minimum data
                                    standards? (Yes/No)

                                    Threshold yg digunakan dalam perhitungan modal
                                    untuk risiko operasional (dalam satuan rupiah
  13     Single     0103030000      penuh)                                                300,000,000.00
                                    Threshold used in operational risk capital
                                    calculation (in full rupiah)

                                    Keterangan Tambahan (jika ada)
  14     Single     0103040000                                                                  Optional
                                    Additional Information (if any)




Tabel Rincian Indikator Bisnis (OR2)
Table of Business Indicator Details (OR2)


                                                                                                              Validasi          Validasi
                      Kode                                                                 Validasi
                                                                                                             Kolom T-1         Kolom T-2
                    Komponen          Indikator Bisnis (IB) dan komponen IB                Kolom T
 No       Data                                                                                                Column            Column
                    Component        Business Indicator (BI) and BI Components              Column
                                                                                                             Validation        Validation
                      Code                                                                Validation T
                                                                                                                T-1               T-2

                                    Komponen Bunga, Sewa, dan Dividen (KBSD)
  1      Single     0201000000      Component of Interest, Lease, and Dividend             1,495,522.16
                                    (KBSD)

                                       Pendapatan Bunga
  2      Single     0201010000                                                             6,574,098.80      6,198,626.70     5,692,086.00
                                       Interest Income

                                       Beban Bunga
  3      Single     0201020000                                                             2,936,024.80      2,783,544.90      2,411,353.00
                                       Interest Expense

                                       Aset Produktif
  4      Single     0201030000                                                            72,748,279.50 66,044,358.00         60,610,316.80
                                       Interest Earning Assets

                                       Pendapatan Dividen
  5      Single     0201040000                                                                           -                -                 -
                                       Dividend Income

                                    Komponen Jasa (KJ)
  6      Single     0202000000                                                               213,891.67
                                    Service Component (KJ)

                                       Pendapatan Jasa dan Komisi
  7      Single     0202010000                                                               252,368.00       206,122.10        179,070.40
                                       Fee and Commission Income

                                       Beban Jasa dan Komisi
  8      Single     0202020000                                                                  1,874.40         1,932.40          2,154.00
                                       Fee and Commission Expense

                                       Pendapatan operasional lainnya
  9      Single     0202030000                                                                           -                -                 -
                                       Other Operating Income




       428                                                                                                           Laporan Tahunan 2025
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                                                                                                             PT Bank Mandiri Taspen




                                                                                                                            Validasi
                                                                                                                             Kolom
   Validasi           Validasi     Validasi            Validasi           Validasi     Validasi           Validasi
                                                                                                                          Rata-rata 10
  Kolom T-3          Kolom T-4    Kolom T-5           Kolom T-6          Kolom T-7    Kolom T-8          Kolom T-9
                                                                                                                             Tahun
   Column             Column       Column              Column             Column       Column             Column
                                                                                                                            Column
  Validation         Validation   Validation          Validation         Validation   Validation         Validation
                                                                                                                           Validation
     T-3                T-4          T-5                 T-6                T-7          T-8                T-9
                                                                                                                            10-year
                                                                                                                            average




                                                                                                          Validasi          Validasi
                       Kode                                                            Validasi
                                                                                                         Kolom T-1         Kolom T-2
                     Komponen       Indikator Bisnis (IB) dan komponen IB              Kolom T
 No      Data                                                                                             Column            Column
                     Component     Business Indicator (BI) and BI Components            Column
                                                                                                         Validation        Validation
                       Code                                                           Validation T
                                                                                                            T-1               T-2

                                       Beban operasional lainnya
 10      Single      0202040000                                                            2,441.50          1,182.10           490.90
                                       Other Operating Expense

                                  Komponen Keuangan (KK)
 11      Single      0203000000                                                            4,140.40
                                  Financial Component (KK)

                                       Laba Rugi Bersih Trading Book
 12      Single      0203010000                                                            9,170.20                   -                 -
                                       Net Trading Book Profit/Loss

                                       Laba Rugi Bersih Banking Book
 13      Single      0203020000                                                                      -       1,355.40          1,895.60
                                       Net Banking Book Profit/Loss

 14      Single      0204000000   IB                                                   1,713,554.23

                                  Komponen Indikator Bisnis (KIB)
 15      Single      0205000000                                                         205,626.51
                                  Business Indicator Component (BIC)

                                  Pengungkapan IB
 16      Single      0206000000
                                  BI Disclosure

                                       IB total termasuk aktivitas yang didivestasi
 17      Single      0206010000                                                                      -
                                       Total BI including divested activities

                                       Pengurangan IB dikarenakan pengecualian atas
                                       aktivitas yang didivestasi
 18      Single      0206020000                                                        1,713,554.23
                                       BI deduction due to exclusion of divested
                                       activities

                                  Keterangan Tambahan
 19      Single      0207000000                                                            Optional
                                  Additional Information (if any)




2025 Annual Report                                                                                                            429
Page 430
Informasi Eksposur Risiko dan Permodalan
Risk Exposure and Capital Information




Tabel Perhitungan ATMR untuk Risiko Operasional dengan Menggunakan Pendekatan Standar (OR3)
Table of RWA Calculation for Operational Risk Using the Standardized Approach (OR3)


                      Kode
                    Komponen                             Rincian                                       Validasi Kolom T
 No       Data
                    Component                            Details                                      Column Validation T
                      Code

                                    Komponen Indikator Bisnis (KIB)
  1      Single     0301000000                                                                              205,626.51
                                    Business Indicator Component (BIC)

                                    Faktor Pengali Kerugian Internal (FPKI)
  2      Single     0302000000                                                                                     1.00
                                    Internal Loss Multiplier (ILM)

                                    Modal Minimum Risiko Operasional (MMRO)
  3      Single     0303000000      Minimum Capital Requirement for Operational                             205,626.51
                                    Risk (MCCOR)

                                    ATMR untuk Risiko Operasional
  4      Single     0304000000      Risk-Weighted Assets for Operational Risk (RWA                        2,570,331.38
                                    Operational Risk)




Risiko Hukum
Legal Risk


Risiko hukum adalah risiko akibat tuntutan hukum dan/atau                Legal risk is the risk arising from legal claims and/or weaknesses
kelemahan aspek yuridis. Pengelolaan risiko hukum antara lain            in juridical aspects. Legal risk management is carried out,
dilakukan dengan mendokumentasi, mengelola kelengkapan                   among others, through documentation, management of the
dan keabsahan dokumen, meminimalisir kerugian/biaya yang                 completeness and validity of documents, minimization of
terkait dengan kasus hukum dan menghindari pelanggaran                   losses/costs associated with legal cases, and avoidance of
terhadap regulasi perbankan dan ketentuan hukum.                         violations of banking regulations and legal provisions.


Risiko hukum inheren dinilai berdasarkan potensial kerugian              Inherent legal risk is assessed based on the potential losses
atas kasus-kasus yang terjadi di Bank Mandiri Taspen dan                 arising from cases occurring at Bank Mandiri Taspen and its
Perusahaan Anak yang sedang dalam proses di pengadilan                   Subsidiaries that are currently under court proceedings, divided
dibagi dengan modal Bank Mandiri Taspen dan modal                        by the capital of Bank Mandiri Taspen and consolidated capital.
konsolidasian. Parameter yang digunakan untuk menghitung                 The parameters used to calculate potential losses from cases
potensial kerugian atas kasus yang sedang dalam proses di                under court proceedings include the basis of the claim (case
pengadilan adalah dasar gugatan (kasus posisi), nilai perkara,           position), case value, and legal documentation.
dan dokumentasi hukum.




      430                                                                                                            Laporan Tahunan 2025
Page 431
                                                                                                                     PT Bank Mandiri Taspen




Tabel Pengungkapan Kualitatif Umum (Risiko Hukum)
Table of General Qualitative Disclosure (Legal Risk)

 a.    Organisasi Manajemen Risiko Hukum
       Legal Risk Management Organization

       Bank mendefinisikan Risiko hukum sesuai dengan Peraturan             The Bank defines legal risk in accordance with Financial Services
       Otoritas Jasa Keuangan Nomor 18/POJK.03/2016 tentang                 Authority (OJK) Regulation No. 18/POJK.03/2016 concerning the
       Penerapan Manajemen Risiko Bagi Bank Umum, sebagai risiko            Implementation of Risk Management for Commercial Banks, as
       akibat tuntutan hukum dan/atau kelemahan yuridis. Risiko hukum       the risk arising from legal claims and/or legal weaknesses. Legal
       timbul antara lain karena ketiadaan peraturan perundang-             risk arises, among others, due to the absence of supporting laws
       undangan yang mendukung atau kelemahan perikatan seperti             and regulations or weaknesses in contractual arrangements, such
       tidak dipenuhinya syarat sah-nya kontrak atau pengikatan agunan      as non-fulfilment of the validity requirements of contracts or
       yang tidak sempurna.                                                 imperfect collateral binding.

       Organisasi pengelolaan risiko hukum dilakukan oleh Unit Legal di     The legal risk management organization is carried out by the
       Divisi Corporate Secretary & Legal dengan melaksanakan fungsi,       Legal Unit under the Corporate Secretary & Legal Division,
       tugas, dan tanggung jawab terkait regulatory, advisory, litigasi,    which performs functions, duties, and responsibilities related to
       advokasi dan bantuan hukum, edukasi dan transformasi di bidang       regulatory affairs, advisory services, litigation, advocacy and legal
       hukum serta pengelolaan risiko hukum pada Bank.                      assistance, legal education and transformation, as well as legal
                                                                            risk management within the Bank.

 b.    Mekanisme Pengendalian Risiko Hukum
       Legal Risk Control Mechanism

       Mekanisme pengelolaan risiko yang meliputi proses identifikasi       The risk management mechanism, which includes the processes
       pengukuran, pemantauan dan pengendalian mengacu kepada               of identification, measurement, monitoring, and control, is
       ketentuan yang berlaku mengenai manajemen risiko. Setiap unit        implemented in accordance with applicable risk management
       kerja pemilik dan/atau pelaksana produk maupun penyelenggara         regulations. Each business unit, as the owner and/or executor of
       aktivitas wajib mengidentifikasi dan mengelola risiko secara         products and operational activities, is required to identify and
       maksimal, namun tidak terbatas pada risiko hukum yang pada           manage risks to the fullest extent, including but not limited to
       dasarnya melekat pada setiap produk atau aktivitas yang dibuat.      legal risk, which is inherently attached to every product or activity
       sehingga hal tersebut tidak berdampak luas dan menjadi pemicu        developed. This is conducted to ensure that such risks do not have
       timbulnya risiko-risiko lain yang termasuk tetapi tidak terbatas     a broader impact and do not trigger the emergence of other risks,
       pada risiko reputasi.                                                including but not limited to reputational risk.

       Pengelolaan risiko hukum yang dilakukan oleh Bank Mandiri            Legal risk management implemented by Bank Mandiri Taspen,
       Taspen baik yang bersifat preventif maupun represif telah cukup      both preventive and corrective in nature, has been considered
       memadai dalam melindungi kepentingan Hukum Bank Mandiri              adequate in protecting the legal interests of the Bank and
       Taspen dan meminimalisir dampak finansial yang signifikan yang       minimizing significant financial impacts associated with the Bank.
       berkaitan dengan Bank Mandiri Taspen, hal tersebut tercermin         This is reflected in the Legal Risk Profile Report for 2025, which is
       dalam Laporan Profil Risiko Hukum Tahun 2025 yang berada pada        classified as “low”.
       predikat low.




Risiko Reputasi
Reputational Risk


Risiko reputasi adalah risiko akibat menurunnya tingkat                    Reputational risk is the risk arising from a decline in the level
kepercayaan pemegang saham yang bersumber dari persepsi                    of shareholder confidence resulting from negative perceptions
negatif terhadap Bank. Bank akan merespon secara aktif                     toward the Bank. The Bank actively responds to any negative
apabila timbul publikasi negatif sehingga hal-hal yang mungkin             publicity to ensure that potential adverse impacts can be
berpotensi merugikan Bank dapat dideteksi lebih awal.                      identified at an early stage.


Manajemen risiko reputasi dilakukan oleh unit Corporate                    Reputational risk management is carried out by the Corporate
Secretary and Legal. Beberapa hal yang dilakukan dalam                     Secretary and Legal unit. Key activities undertaken include
mengelola risiko reputasi unit kesekretariatan melakukan                   media management, monitoring and managing opinions/
manajemen pemberitaan, melakukan pengelolaan dalam                         comments in mass media, as well as handling customer
monitoring opini/komentar di media masa dan melakukan                      complaints and grievances.
pengelolaan komplain/keluhan nasabah.




2025 Annual Report                                                                                                                     431
Page 432
Informasi Eksposur Risiko dan Permodalan
Risk Exposure and Capital Information




a. Kebijakan dan Prosedur                                                      a. Policies and Procedures
   Implementasi manajemen risiko reputasi mengacu pada                            The implementation of reputational risk management
   pedoman penerapan manajemen risiko serta kebijakan dan                         refers to risk management guidelines as well as other
   prosedur lainnya.                                                              relevant policies and procedures.
b. Proses                                                                      b. Process
   Proses yang dilakukan dalam mengelola risiko reputasi                          The processes undertaken in managing reputational risk
   antara lain melakukan monitoring dan evaluasi terhadap                         include monitoring and evaluating complaints, comments,
   keluhan, komentar dan masukan yang berkembang                                  and feedback circulating in the mass media, as well as
   dimedia masa dan pemilihan strategi dalam merespon                             determining appropriate strategies to respond to emerging
   opini yang berkembang.                                                         public opinions.


Tabel Pengungkapan Kualitatif Umum (Risiko Reputasi)
Table of General Qualitative Disclosure (Reputational Risk)

       Organisasi Manajemen Risiko Reputasi
 a.
       Reputation Risk Management Organization

       Risiko reputasi merupakan risiko akibat menurunnya tingkat               Reputation risk is defined as the risk arising from a decline in
       kepercayaan stakeholder yang bersumber dari persepsi negatif             stakeholder trust, which originates from negative perceptions
       terhadap Bank. Pengelolaan risiko reputasi dikoordinasikan oleh          of the Bank. Reputation risk management is coordinated by the
       Divisi Corporate Secretary & Legal dengan dukungan unit kerja            Corporate Secretary & Legal Division, supported by relevant work
       terkait, seperti unit customer experience, Legal, IT Product Delivery    units such as Customer Experience, Legal, IT Product Delivery
       & Fraud Risk, IT Application & Data Management, IT Service &             & Fraud Risk, IT Application & Data Management, IT Service &
       Support dan Business Continuity Management. Pengelolaan risiko           Support, and Business Continuity Management. The management
       reputasi ini mengacu pada ketentuan internal dan peraturan yang          of reputation risk is conducted in accordance with internal policies
       berlaku. Dalam implementasinya, risiko reputasi juga dikelola            and applicable regulations. In its implementation, reputation risk
       dengan penciptaan persepsi positif melalui pemuatan artikel di           is also managed through the creation of positive perception by
       media konvensional dan konten positif di media social.                   publishing articles in conventional media and positive content
                                                                                across social media platforms.

       Mekanisme Pengelolaan Risiko Reputasi                                    Reputation Risk Management Mechanism
       Risiko reputasi dikelola melalui 4 (empat) tahapan mekanisme             Reputation risk is managed through four (4) stages, namely
       yaitu identifikasi, pengukuran, pemantauan dan pengendalian              identification, measurement, monitoring, and control, which
       yang dikoordinasikan oleh Divisi Corporate Secretary & Legal             are coordinated by the Corporate Secretary & Legal Division in
       dengan mengacu pada ketentuan Standar Prosedur Corporate                 accordance with the Corporate Secretary Standard Operating
       Secretary. Perwujudan keempat tahap tersebut dapat dilihat pada          Procedures. The implementation of these stages is reflected in
       masing-masing aktivitas Corporate Secretary yang memiliki risiko         Corporate Secretary activities that carry reputation risk exposure,
       reputasi, seperti misalnya aktivitas bank sebagai perusahaan yang        such as the Bank’s obligation to submit financial reports.
       diwajibkan untuk menyampaikan laporan keuangan.

       Pada aktivitas tersebut, dapat diidentifikasi risiko reputasi            In such activities, reputation risk may be identified in the form of
       berupa keterlambatan, kesalahan, dan ketidaksesuaian dalam               delays, errors, or inaccuracies in reporting, which may arise from
       penyampaian laporan yang disebabkan antara lain oleh individu            individuals who are not fully aware of or do not properly understand
       yang kurang mengetahui atau memahami kewajiban penyampaian               disclosure obligations, or due to insufficient supervision and
       keterbukaan informasi ataupun kurangnya pengawasan dan                   review by supervisors. To mitigate such risks, the Bank implements
       pengecekan dari supervisor. Untuk mengendalikan daftar                   a check-and-recheck process to ensure proper monitoring of
       kewajiban penyampaian keterbukaan dan/atau supervisor dengan             disclosure obligations and supervisory oversight.
       adanya melakukan proses check & recheck.

       Adapun jika risiko reputasi sudah terjadi dan berdampak pada             If reputation risk has already materialized and resulted in negative
       adanya persepsi negatif pada perusahaan, maka dapat dilakukan            perception of the Company, mitigation actions are undertaken to
       aktivitas peredaman dampak kejadian risiko reputasi tersebut.            reduce its impact. One of the key measures includes the publication
       Salah satunya melalui pemuatan artikel positif di media cetak,           of positive articles in print, online, and electronic media, as well as
       media online dan media elektronik serta konten positif di media          positive content on social media platforms to neutralize previously
       sosial untuk menetralisir persepsi negatif yang sempat terbentuk.        formed negative perceptions. These positive publications may
       Artikel positif ini bisa berdasarkan aktivitas bisnis dan sosial         be based on business and social activities, as well as support for
       maupun dukungan kepada program-program pemerintah dengan                 government programs, in accordance with the Corporate Secretary
       mengacu pada ketentuan Standar Prosedur Corporate Secretary.             Standard Operating Procedures.

       Implementasi Kebijakan Pengelolaan Risiko Reputasi                       Implementation of Reputation Risk Management Policy
       Sebagai bentuk implementasi kebijakan pengelolaan risiko                 As part of the implementation of reputation risk management
       reputasi, Bank Mandiri Taspen memastikan bahwa seluruh unit              policies, Bank Mandiri Taspen ensures that all work units perform
       kerja telah melakukan fungsi masing-masing dengan baik sesuai            their respective functions properly in accordance with applicable
       ketentuan yang berlaku. Adapun juga terjadi kejadian yang                regulations. In the event of any occurrence that has the potential
       berpotensi terdampak pada risiko reputasi terkait tugas pokok dan        to impact reputation risk related to the duties and functions of a
       fungsi unit kerja tertentu, maka unit kerja tersebut berkewajiban        particular work unit, such unit is required to immediately provide
       memberikan informasi secara rinci kepada Corporate Secretary             detailed information to the Corporate Secretary at the earliest
       pada kesempatan pertama agar dapat segera mengelola kejadian             opportunity, so that appropriate actions can be taken promptly to
       tersebut untuk meminimalisir dampak yang ditimbulkan.                    minimize potential impacts.




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       Saat ini Bank Mandiri Taspen memiliki saluran internal untuk                    Currently, Bank Mandiri Taspen provides internal channels for
       menerima keluhan dan pertanyaan dari nasabah, seperti call center               receiving customer complaints and inquiries, such as the call
       14024, website, kantor cabang, termasuk media cetak, online,                    center 14024, website, branch offices, as well as official print,
       elektronik dan media sosial resmi. Seluruh keluhan dan pertanyaan               online, electronic media, and social media channels. All complaints
       tersebut diteruskan unit Customer Experience untuk mendapatkan                  and inquiries are forwarded to the Customer Experience unit for
       penanganan dan penyelesaian. Adapun tidak hanya dari saluran                    handling and resolution. In addition, the Customer Experience
       internal tersebut, unit Customer Experience juga akan menangani                 unit also handles complaints originating from external sources,
       dan menyelesaikan keluhan nasabah yang datang dari sumber                       including print, online, electronic media, and social media
       eksternal, yaitu melalui media cetak, online, elektronik serta media            platforms.
       sosial.

       Seluruh kegiatan tersebut merupakan bagian dari dukungan Divisi                 All of these activities are part of the Corporate Secretary &
       Corporate Secretary & Legal kepada penguatan reputasi positif                   Legal Division’s support in strengthening the Company’s positive
       perusahaan, terutama dari pandangan stakeholder.                                reputation, particularly from the perspective of stakeholders.

 b.    Kebijakan dan Mekanisme Peningkatan Kualitas Pelayanan Nasabah dan Pemangku Kepentingan Lainnya
       Policy and Mechanism for Enhancing Customer Service Quality and Other Stakeholders

       Agar seluruh pengaduan nasabah tertangani dengan proses yang cepat dan efektif, Bank Mandiri Taspen melakukan koordinasi dengan
       gambar tahapan alur pengaduan nasabah sebagai berikut:
       In order to ensure that all customer complaints are handled in a timely and effective manner, Bank Mandiri Taspen conducts coordination
       through the customer complaint handling flow as illustrated in the following stages:

                                                            Flow Pengaduan Nasabah
                                                            Customer Complaint Flow

                            Unit Penerima Pengaduan                                                                        Unit Pengelola Panduan
                             Complaint Receiving Unit                                                                      Complain Handling Unit

                         Kantor Cabang / Contact Center                                 Unit Penyelesaian Panduan                       Unit Penyelesaian Panduan
                         Branch Office / Contact Center                                   Completion Unit Guide                           Completion Unit Guide

                                                                                                                         Kolaborasi / Collaboration
                                                                                                                                             Terkait E-Channel:
           1    Pengaduan Nasabah ke
                Cabang / Contact Center /
                                             2      Penjelasan Oleh Petugas            3     Unit Complaint Handling                    4    Divisi Central Operation
                                                    Cabang / Contact Center                  Dept Customer Experience
                APPK OJK Jenis Echannel /           Explanation by Branch                    Divisi OECX                                     Koordinasi dgn berbagai
                Non Echannel                        Officer / Contact Center                 Complaint Handling Unit                         pihak:
                Customer Complaints to                                                       Dept Customer Experience                        Regarding E-Channel:
                Branches / Contact Centers                                                   OECX Division                                   Central Operation Division
                / APPK OJK E-channel /                                                                                                       Coordinates with various
                Non-E-channel Types                                                                                                          parties
                                             Bila Setuju          Bila Tidak Setuju        Monitoring SAHABAT:
                                             If agree             / Membutuhkan
                                                                  Eskalasi                 1. Jawaban Tiket -> Ticket
                                                 SELESAI                                      Response
                                                                  If Disagree / Need
                                                                                           2. Bukti Jawaban -> Proof of
                                                  FINISH          Escalation
                                                                                              Resolution/Response
                                             Kategori Pengaduan   Kategori Pengaduan       3. Pengkreditan / Tolakan                     Terkait Non E-Channel: WGD
                                             Instant              Non Instant                 -> Credit (Adjustment) /                   Divisi Terkait di Kantor Pusat
                                             Instant Complaint    Non-Instant
                                             Category             Complaint Category
                                                                                              Rejection                                  yang melibatkan:
                                                                                           4. Surat Tanggapan -> Official
                                                                                                                                         Non-E-Channel Related: WGD
                                                                                              Response Letter
                                             Penjelasan Oleh Petugas Cabang                5. Close Tiket -> Ticket Closure
                                                                                                                                         Related Divisions at Head Office
                                             ke Nasabah                                                                                  involving:
                                             Explanation by Branch Officer to              SAHABAT Monitoring:
                                                                                           1. Ticket Answer -> Ticket                    a. DPM (Data/Portfolio
                                             Customer                                                                                       Management)
                                                                                              Response                                   b. Corsec & Legal (Corporate
                                                                                           2. Proof of Answer -> Proof of                   Secretary & Legal)
                                                 SELESAI
                                                                                              Resolution/Response                        c. Pension Business
                                                  FINISH                                   3. Credit / Rejection -> Credit               d. Credit Operation (Credit
                                                                                              (Adjustment) / Rejection                      Operations)
                                                                                           4. Response Letter -> Official                e. Risk Management
                                                                                              Response Letter                            f. Digital Banking Product
                                                                                           5. Close Ticket -> Ticket Closure             g. Central Operation (Central
                                                                                                                                            Operations)

                APPK                                                                         SAHABAT
                                                                                                                                         h. Dist, Kantor Cabang, KCP
                                                                                                                                            (Distribution, Branch Offices,
                                                                                            Surat Pengaduan Nasabah Bank Mantap
                                                                                                                                            Sub-Branch Offices)

                                                                                        Hasil Point 3 & 4
                                                                                        Results of Points 3 & 4




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       Seluruh pengaduan yang sudah diterima baik dari contact center,     All complaints received through the contact center, OJK Integrated
       APPK OJK, maupun ke cabang dan diberi penjelasan langsung           Consumer Complaint Service (APPK), as well as branch offices are
       oleh Petugas Cabang terkait penyelesaian pengaduan. Kemudian,       addressed directly by branch officers, who provide explanations
       apabila membutuhkan eskalasi terkait penyelesaian pengaduan         regarding complaint resolution. If escalation is required, the
       akan diteruskan untuk di monitoring oleh Unit Complaint Handling.   complaint is forwarded to the Complaint Handling Unit for
       Hal ini dilakukan untuk memastikan kepada nasabah bahwa             monitoring. This process is carried out to ensure that complaint
       penyelesaian pengaduan dilakukan sesuai dengan Service Level        resolution is completed in accordance with the established Service
       Agreement (SLA) yang sudah ditetapkan. Adapun Unit Pengelola        Level Agreement (SLA). The Complaint Handling Unit coordinates
       Panduan akan berkoordinasi dengan Unit Penyelesaian Panduan         with the Complaint Resolution Unit in monitoring and providing
       dalam melakukan monitoring dan memberikan tanggapan                 responses related to complaint handling across relevant media
       terkait penyelesaian pengaduan di media terkait. Kemudian, Unit     channels. The Customer Complaint Resolution Unit is further
       Penyelesaian Pengaduan nasabah juga terbagi atas 2 (dua) sub        divided into two sub-units: E-Channel complaint handling and
       unit pengaduan seperti Unit penyelesaian pengaduan E- Channel       Non E-Channel complaint handling. E-Channel complaints
       akan dimonitoring langsung oleh Divisi Central Operation yang       are monitored directly by the Central Operations Division,
       berkolaborasi dengan BI- Fast, Arta Jasa, Jalin Pembayaran          in collaboration with BI-FAST, Arta Jasa, Jalin Pembayaran
       Nusantara, serta Bank Mandiri. Sedangkan terkait pengaduan Non      Nusantara, and Bank Mandiri. Meanwhile, Non E-Channel
       E-Channel, akan dilakukan monitoring oleh Distribution, Kantor      complaints are monitored by Distribution, Branch Offices, Sub-
       Cabang, KCP, dan berbagai Divisi sebagai berikut :                  Branch Offices (KCP), and several divisions, namely:
       1. Divisi Distribution Portfolio Management (DPM),                  1. Distribution Portfolio Management (DPM) Division
       2. Divisi Corporate Secretary & Legal,                              2. Corporate Secretary & Legal Division
       3. Divisi Pension Business,                                         3. Pension Business Division
       4. Divisi Credit Operation,                                         4. Credit Operation Division
       5. Divisi Risk Management,                                          5. Risk Management Division
       6. Divisi Digital Banking Product,                                  6. Digital Banking Product Division
       7. Divisi Central Operation,                                        7. Central Operation Division

       Dalam monitoring penyelesaian pengaduan nasabah Non                 In the monitoring of Non E-Channel complaint resolution, Bank
       E-Channel Bank Mantap akan melibatkan pihak Kepolisian dan          Mandiri Taspen also involves the Police and complies with
       sesuai ketentuan Hukum yang berlaku dan sah di Indonesia.           applicable and legally recognized Indonesian laws and regulations.

       Sebagai wujud pelayanan prima yang diberikan oleh Bank Mandiri      As part of its commitment to excellent service, Bank Mandiri
       Taspen kepada nasabah, Bank Mandiri Taspen selalu berusaha          Taspen consistently ensures prompt follow-up and resolution of all
       untuk segera menindaklanjuti dan menyelesaikan pengaduan            customer complaints. In 2025, out of 8,041 customer complaints
       maupun keluhan yang disampaikan oleh nasabah. Adapun                received, all 8,041 complaints or 100% were resolved. This
       dari 8041 pengaduan nasabah yang terjadi pada tahun 2025,           achievement reflects the Bank’s commitment to delivering the best
       sejumlah 8041 atau 100% aduan telah terselesaikan. Hal tersebut     service to customers as one of its key stakeholders.
       membuktikan komitmen Bank Mandiri Taspen dalam memberikan
       pelayanan terbaik kepada nasabah sebagai salah satu stakeholder.

       Selain itu dengan tingginya tingkat penyelesaian aduan nasabah      Furthermore, the high complaint resolution rate has contributed to
       maka kepercayaan nasabah turut meningkat yang secara tidak          increased customer trust, which indirectly supports improvements
       langsung meningkatkan kinerja keuangan dan laba bersih Bank         in the Bank’s financial performance and net profit. As a result, this
       Mandiri Taspen, sehingga terdapat peningkatan jumlah dividen        has also led to an increase in dividends distributed by Bank Mandiri
       yang dapat diberikan Bank Mandiri Taspen kepada pemegang            Taspen to its shareholders.
       saham.

 c.    Pengelolaan Risiko Reputasi Saat Krisis
       Reputation Risk Management During Crisis

       Dalam hal terjadi krisis atas reputasi perusahaan dan bersifat      In the event of a crisis affecting the Company’s reputation that
       masif sehingga menimbulkan dampak yang signifikan terhadap          is widespread and results in a significant impact on stakeholder
       kepercayaan para Pemangku Kepentingan, Bank Mandiri Taspen          confidence, Bank Mandiri Taspen shall implement an immediate
       akan melaksanakan implementasi rencana aksi yang bersifat           action plan to mitigate the impact of the crisis. Such measures
       segera untuk meminimalisir dampak krisis, antara lain menyiapkan    include, among others, preparing issue management strategies,
       strategi pengelolaan masalah, menentukan narasumber internal        determining internal spokespersons, establishing execution
       dan agenda eksekusi penanganan krisis, serta evaluasi secara        agendas for crisis handling, and conducting an overall post-
       keseluruhan.                                                        implementation evaluation.




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                                                                                                                   PT Bank Mandiri Taspen




Risiko Stratejik
Strategic Risk


Risiko stratejik adalah risiko akibat ketidaktepatan dalam               Strategic risk is the risk arising from inaccuracies in decision-
pengambilan dan/atau pelaksanaan suatu keputusan stratejik               making and/or the implementation of strategic decisions,
serta kegagalan dalam mengantisipasi perubahan lingkungan                as well as failure to anticipate changes in the business
bisnis. Pengelolaan risiko stratejik antara lain dilakukan dengan        environment. Strategic risk management is carried out, among
mengoptimalkan sumber daya yang ada dan melakukan                        others, by optimizing available resources, monitoring the
pengawasan terhadap realisasi Rencana Bisnis Bank (RBB),                 realization of the Bank Business Plan (RBB), and adjusting
dan melakukan penyesuaian kebijakan dan prosedur terhadap                policies and procedures in response to external changes.
perubahan eksternal.


Pengelolaan risiko strategik dilakukan oleh unit perencanaan di          Strategic risk management is performed by the planning unit
bawah pengawasan aktif Direktur Finance, Risk and Operations.            under the active supervision of the Director of Finance, Risk
Manajemen Risiko Strategik dilakukan melalui serangkaian                 and Operations. Strategic Risk Management is implemented
proses perencanaan strategis (planning and bugeting) yang                through a series of strategic planning processes (planning and
mencangkup penyelarasan strategi perusahaan dengan                       budgeting), which include the alignment of corporate strategy
strategi unit serta target bankwide. Dokumen perencanaan                 with unit strategies and bankwide targets. Strategic planning
strategis meliputi:                                                      documents include:
• Corporate Plan, disusun 5 (lima) tahun sekali.                         • Corporate Plan, prepared every 5 (five) years.
• Business Plan, disusun 1 (satu) tahun sekali.                          • Business Plan, prepared annually.


a. Kebijakan dan Prosedur                                                a. Policies and Procedures
   Implementasi manajemen risiko strategic mengacu pada                     The implementation of strategic risk management refers to
   Pedoman Penerapan Manajemen Risiko serta kebijakan                       the Risk Management Implementation Guidelines as well
   dan prosedur terkait lainnya.                                            as other relevant policies and procedures.
b. Proses                                                                b. Process
   Mekanisme untuk mengukur kemajuan yang dicapai dari                      Mechanisms to measure progress against the established
   rencana bisnis yang ditetapkan dengan membandingkan                      business plan are conducted by comparing targets with
   target dengan realisasi bisnis perusahaan secara bulanan,                the Company’s actual business performance on a monthly,
   triwulanan dan semesteran.                                               quarterly, and semi-annual basis.


Tabel Pengungkapan Kualitatif Umum (Risiko Stratejik)
Table of General Qualitative Disclosure (Strategic Risk)

       Organisasi Manajemen Risiko Stratejik
 a.
       Strategic Risk Management Organization

       Penerapan pengelolaan Risiko Stratejik melibatkan semua unsur      The implementation of Strategic Risk management involves all
       dalam Bank, termasuk Direksi dengan pengawasan aktif Dewan         elements of the Bank, including the Board of Directors with active
       Komisaris. Organisasi Manajemen Risiko Stratejik Bank Mandiri      oversight from the Board of Commissioners. The Strategic Risk
       Taspen adalah sebagai berikut:                                     Management organization of Bank Mandiri Taspen is as follows:
       1. Seluruh unit bisnis dan unit pendukung bertanggung jawab        1. All business units and supporting units are responsible for
           membantu Direksi menyusun perencanaan stratejik dan                assisting the Board of Directors in preparing strategic planning
           mengimplementasikan strategi secara efektif.                       and implementing strategies effectively.
       2. Unit bisnis dan unit pendukung bertanggung jawab                2. Business units and supporting units are responsible for
           memastikan bahwa:                                                  ensuring that:
           a. Praktek Manajemen Risiko untuk Risiko Stratejik dan             a. Strategic Risk management practices and controls within
               pengendalian di unit bisnis telah konsisten dengan                 business units are consistent with the overall Strategic
               kerangka Manajemen Risiko untuk Risiko Stratejik secara            Risk Management framework; and
               keseluruhan;
           b. Unit bisnis dan unit pendukung telah memiliki kebijakan,         b.  Business units and supporting units have adequate policies,
               prosedur dan sumber daya untuk mendukung efektivitas                procedures, and resources to support the effectiveness of
               kerangka Manajemen Risiko untuk Risiko Stratejik.                   the Strategic Risk Management framework.
       3. Direksi memimpin program perubahan yang diperlukan dalam        3.   The Board of Directors leads the required change programs in
           rangka implementasi strategi yang telah ditetapkan.                 order to implement the established strategies.




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       4.   Satuan Kerja Perencanaan Stratejik bertanggung jawab             4.   The Strategic Planning Work Unit is responsible for assisting
            membantu Direksi dalam mengelola Risiko Stratejik                     the Board of Directors in managing Strategic Risk and
            dan memfasilitasi manajemen perubahan dalam rangka                    facilitating change management to support the Company’s
            pengembangan perusahaan secara berkelanjutan.                         sustainable development.
       5.   Selain itu, Satuan Kerja Manajemen Risiko juga bertanggung       5.   In addition, the Risk Management Work Unit is also responsible
            jawab dalam proses Manajemen Risiko untuk Risiko Stratejik            for Strategic Risk management processes, particularly in the
            khususnya pada aspek-aspek berikut:                                   following aspects:
            a. Berkoordinasi dengan seluruh unit bisnis dalam proses              a. Coordinating with all business units in the strategic
                penyusunan rencana stratejik;                                          planning process;
            b. Memantau         dan     mengevaluasi      perkembangan            b. Monitoring and evaluating the progress of strategic
                implementasi rencana stratejik, serta memberikan                       plan implementation, as well as providing input on
                masukan mengenai peluang dan pilihan yang tersedia                     opportunities and available options for continuous
                untuk pengembangan dan perbaikan strategi secara                       strategy development and improvement;
                berkelanjutan;
            c. Memastikan bahwa seluruh isu stratejik dan pengaruhnya             c.   Ensuring that all strategic issues and their impact on the
                terhadap pencapaian tujuan stratejik telah ditindaklanjuti             achievement of strategic objectives are addressed in a
                secara tepat waktu.                                                    timely manner.

 b.    Kebijakan untuk Mengidentifikasi dan Merespon Perubahan Bisnis
       Policy for Identifying and Responding to Business Changes

       Kebijakan dan Strategi yang ditetapkan adalah fokus pada              The policies and strategies established are focused on delivering
       produk dan layanan sesuai kebutuhan, kompetitif dan memahami          products and services that are aligned with customer needs,
       kebutuhan nasabah sesuai segmen serta memberikan imbal                remain competitive, and reflect an understanding of customer
       hasil yang optimal, layanan yang memberikan kemudahan dan             requirements by segment, while providing optimal returns. The
       kecepatan bagi nasabah, lokasi jaringan yang tersebar luas dan        Bank also emphasizes services that offer convenience and speed
       mendekatkan diri ke lokasi nasabah sehingga dapat memberikan          for customers, supported by a widely distributed branch network
       kemudahan akses bagi nasabah. Upaya-upaya yang dilakukan              that is positioned closer to customers to ensure ease of access.
       untuk pencapaian arah dan pengembangan usaha Bank Mandiri             The initiatives undertaken to achieve the strategic direction and
       Taspen adalah sebagai berikut:                                        business development of Bank Mandiri Taspen are as follows:
       1. Memperkuat Sistem Infrastruktur                                    1. Strengthening Infrastructure Systems
            Dalam mewujudkan Leading Senior Citizen Ecosystem Bank                In realizing the vision of becoming the Leading Senior Citizen
            in Indonesia maka dibutuhkan penguatan sistem melalui                 Ecosystem Bank in Indonesia, strengthening the system is
            pengembangan jaringan kantor dengan penambahan titik                  required through the development of branch networks by
            supervisi dan layanan, pengembangan teknologi informasi,              adding supervision and service points, enhancing information
            menjaga produktivitas selaras dengan pengembangan                     technology systems, maintaining productivity in line with
            kapasitas SDM serta memperkuat sistem kontrol dan                     human capital capacity development, and strengthening
            manajemen risiko.                                                     control systems and risk management.
       2. Penyusunan Inisiatif Strategis Jangka Pendek dan Jangka            2. Formulation of Short-Term and Long-Term Strategic
            Panjang                                                               Initiatives
            Inisiatif bisnis Bank Mandiri Taspen Tahun 2021-2025 secara           The Bank Mandiri Taspen business initiatives for 2021–2025
            garis besar berfokus pada 3 (tiga) komponen utama, yaitu:             are broadly focused on three main pillars, namely:
            a. Strategi Bisnis Pilar 1: Lending Pensiun Negara                    a. Business Strategy Pillar 1: Pension Lending
                 Optimalisasi Sales Channel and Database Pensiunan                     Optimization for State Pension
                 Strategi bisnis pilar pertama Bank Mandiri Taspen yakni               Segment through Sales Channel and Pensioner Database
                 memenangkan lending pasar pensiun negara dengan                       Optimization The first pillar focuses on winning the
                 penguatan presence dan peningkatan produktivitas                      state pension lending market by strengthening presence
                 serta meningkatkan lending pra-pensiun melalui                        and improving productivity, as well as expanding pre-
                 pengembangan produk baru. Dalam rangka terus                          retirement lending through the development of new
                 menumbuhkan core business pensiunan negara.                           products. This is aimed at continuously growing the core
                                                                                       business in the state pension segment.
            b.   Strategi Bisnis Pilar 2: Pengembangan Bisnis Baru                b. Business Strategy Pillar 2: Development of New
                                                                                       Business Segments
                 Strategi bisnis pilar kedua Bank Mandiri Taspen yakni                 The second pillar focuses on the development of
                 berfokus pada pengembangan bisnis baru. Dalam hal ini,                new businesses. In this regard, Bank Mandiri Taspen
                 Bank Mandiri Taspen masuk ke segmen bisnis baru (ASN                  enters new business segments, including active civil
                 Aktif dan Dapen BUMN-Swasta) melalui pengembangan                     servants (ASN Aktif) and state-owned and private
                 produk dan channel penetrasi kredit dan meningkatkan                  pension funds (Dapen BUMN-Swasta), through product
                 lending berbasis collaborative approach. Pengembangan                 development and credit penetration channels, as well
                 bisnis baru ini akan fokus dilakukan pada tiga segmen                 as expanding lending through a collaborative approach.
                 utama. Segmen pertama adalah dana pensiun BUMN                        This development focuses on three main segments:
                 dan Swasta (DPPK dan DPLK) serta BPJS JHT. Kedua,                     Pension funds of state-owned enterprises and private
                 Aparatur Sipil Negara (ASN) aktif yang terdiri dari ASN               companies (DPPK and DPLK), as well as BPJS JHT; Active
                 vertikal daerah dan lembaga. Ketiga adalah segmen kredit              civil servants (ASN), including regional and institutional
                 collaborative approach baik segmen usaha mikro dan kecil              ASN; and Collaborative lending segments covering both
                 produktif maupun kredit konsumtif.                                    productive micro and small business loans as well as
                                                                                       consumer credit.
            c.   Strategi Bisnis Pilar 3: Retail Funding dan Institusi            c. Business Strategy Pillar 3: Retail Funding and
                                                                                       Institutional Banking
                 Dalam rangka menuju visi 2025, Bank Mandiri Taspen                    In line with the 2025 vision, the third pillar focuses
                 memiliki strategi bisnis ketiga yang mana berfokus pada               on retail funding and institutional banking. The Bank
                 retail funding dan institusi. Dalam hal ini, Bank Mandiri             enhances retail funding in the pension and senior citizen
                 Taspen meningkatkan retail funding pada segmen                        segments through the development of digital banking
                 pensiun dan senior citizen melalui pengembangan produk                products and features, as well as expanding funding in
                 dan fitur digital banking serta mengembangkan funding                 MSME, institutional, wholesale, employee, and pension
                 pada segmen UMK, institusi dan wholesale serta Pegawai                segments of Vice President (VP) customers.
                 dan Pensiunan VP.




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                                                                                                                    PT Bank Mandiri Taspen




 c.    Mekanisme Pengukuran Kemajuan Rencana Bisnis
       Mechanism for Measuring Business Plan Progress

       Untuk mendukung pencapaian target bisnis dan aspirasi                 To support the achievement of business targets and strategic
       utama, Bank Mandiri Taspen menjalankan proses performance             aspirations, Bank Mandiri Taspen implements a performance
       management yang terdiri dari 3 siklus yakni (planning, monitoring,    management process consisting of three cycles, namely planning,
       dan evaluation) sebagai sarana pengukuran pencapaian target           monitoring, and evaluation, as a framework for measuring the
       bisnis.                                                               achievement of business targets.
       1. Planning                                                           1. Planning
           Proses planning di Bank Mandiri Taspen dibagi menjadi 3               The planning process at Bank Mandiri Taspen is divided into
           bagian utama, yaitu:                                                  three main components, namely:
           •    Penyusunan RJPP (Rencana Jangka Panjang Perusahaan)              •    Preparation of the Long-Term Corporate Plan (RJPP) or
                atau Corporate Plan – 5 tahunan. Tahap dimana                         Corporate Plan – 5-year horizon. This stage defines the
                perusahaan menetapkan grand strategy & high-level                     Company’s grand strategy and high-level direction.
                direction.
           •    Penyusunan RBB (Rencana Bisnis Bank) – 3 tahunan.                 •   Preparation of the Bank Business Plan (RBB) – 3-year
                Aspirasi jangka panjang perusahaan di-translasikan                    horizon. Long-term corporate aspirations are translated
                dalam bentuk key milestone dan action plan yang lebih                 into key milestones and more specific action plans.
                spesifik.
           •    Penyusunan RKAP (Rencana Kerja Anggaran Perusahaan)               •    Preparation of the Annual Work and Budget Plan
                & penyusunan KPI (Key Performance Indicators) – 1                      (RKAP) and Key Performance Indicators (KPI) – 1-year
                tahunan. Aspirasi, visi, dan misi perusahaan diturunkan                horizon. The Company’s aspirations, vision, and mission
                dalam bentuk target-target keuangan yang spesifik dan                  are translated into specific financial targets and key
                indikator kinerja utama secara tahunan.                                performance indicators on an annual basis.
       2. Monitoring                                                         2.   Monitoring
           Bank Mandiri Taspen secara periodik dan rutin melakukan                Bank Mandiri Taspen conducts periodic and regular
           proses monitoring untuk memastikan bahwa laju kinerja                  monitoring processes to ensure that business performance
           perusahaan sesuai dengan aspirasi. Metode monitoring kinerja           remains aligned with strategic aspirations. Performance
           yang dilakukan Bank Mandiri Taspen antara lain, melalui forum          monitoring is conducted through Board of Directors and Board
           Rapat Direksi dan Komisaris atau Performance Review yang               of Commissioners meetings or Performance Review forums,
           dilaksanakan dalam setiap bulannya.                                    which are held on a monthly basis.
       3. Evaluation                                                         3.   Evaluation
           Pada tahap ini, Bank Mandiri Taspen melakukan review                   At this stage, the Bank reviews the performance achievement
           atas pencapaian kinerja seluruh unit kerja berdasarkan                 of all work units based on Key Performance Indicators (KPI),
           Key Performance Indicators (KPI) yang dilengkapi dengan                supported by several additional performance metrics. The
           beberapa matriks pendukung. Nilai pencapaian KPI tersebut              KPI results also serve as the basis for annual remuneration
           juga menjadi dasar untuk pembagian remunerasi tahunan                  distribution for both work units and employees.
           untuk unit kerja serta pegawai.




Risiko Kepatuhan
Compliance Risk



Risiko kepatuhan adalah risiko akibat Bank tidak mematuhi                   Compliance risk is the risk arising from the Bank’s failure to
dan/atau tidak melaksanakan peraturan perundang undangan                    comply with and/or implement prevailing laws and regulations.
dan ketentuan yang berlaku. Risiko kepatuhan melekat pada                   Compliance risk is inherent in the Bank’s activities in relation
risiko Bank yang terkait pada peraturan perundang-undangan                  to applicable laws and regulations, including but not limited
dan ketentuan lainnya yang berlaku seperti Batas Maksimum                   to the Legal Lending Limit (BMPK), loan restructuring, Know
Pemberian Kredit (BMPK), restrukturisasi kredit, Know Your                  Your Customer (KYC), and commitments to specific regulatory
Customers (KYC) dan komitmen terhadap ketentuan tertentu.                   requirements.


Manajemen risiko kepatuhan dilakukan oleh unit kepatuhan                    Compliance risk management is carried out by the Compliance
(compliance) di bawah pengawasan aktif Direktur Compliance                  Unit under the active supervision of the Director of Compliance
and Control                                                                 and Control.
a. Kebijakan dan Prosedur                                                   a. Policies and Procedures
    Implementasi manajemen risiko kepatuhan mengacu pada                        The implementation of compliance risk management refers
    pedoman manajemen risiko dan Kebijakan Kepatuhan Bank                       to the Risk Management Guidelines and the Bank Mandiri
    Mandiri Taspen (KKBS).                                                      Taspen Compliance Policy (KKBS).




2025 Annual Report                                                                                                                  437
Page 438
Informasi Eksposur Risiko dan Permodalan
Risk Exposure and Capital Information




b. Proses                                                                   b. Process
   Dalam rangka efektifitas pelaksanaan fungsi kepatuhan                       In order to ensure the effective implementation of the
   dalam mendukung pertumbuhan bisnis yang sehat                               compliance function in supporting healthy and sustainable
   dan berkelanjutan, Unit Kepatuhan melakukan proses                          business growth, the Compliance Unit performs compliance
   manajemen risiko kepatuhan berupa:                                          risk management processes, including:
   - Memberikan pendapat/analisis kepatuhan terhadap                           - providing compliance opinions/analysis on the
       penyusunan kebijakan dan prosedur apakan sudah                               formulation of policies and procedures to ensure
       sesuai dengan ketentuan atau peraturan perundang-                            alignment with prevailing laws and regulations;
       undangan yang berlaku.
   - Memberikan analisis dampak peraturan eksternal.                           -        providing analysis on the impact of external regulations;
                                                                                        and
      -   Melakukan analisa kepatuhan          terhadap    rencana             -        conducting compliance analysis on proposed new
          produk dan aktivitas baru                                                     products and activities.


Tabel Pengungkapan Kualitatif Umum (Risiko Kepatuhan)
Table of General Qualitative Disclosure (Compliance Risk)

          Organisasi Manajemen Risiko Kepatuhan
 a.
          Compliance Risk Management Organization

          Pada prinsipnya, seluruh jajaran Bank bertanggung jawab penuh      In principle, all levels of the Bank are individually responsible
          secara individu untuk memastikan kepatuhan dalam setiap            for ensuring compliance in every activity within their respective
          kegiatan di bidang masing-masing. Untuk membantu pelaksanaan       functions. To support the implementation of the Compliance
          Fungsi Kepatuhan, Bank Mandiri Taspen membentuk Jajaran            Function, Bank Mandiri Taspen has established a Compliance
          Kepatuhan dengan tugas dan fungsi, sebagai berikut:                structure with the following duties and responsibilities:
          1. Direktur yang membawahkan Fungsi Kepatuhan                      1. Director in charge of the Compliance Function
              Bertanggung jawab untuk menetapkan langkah-langkah yang             Responsible for establishing necessary measures, monitoring,
              diperlukan, memantau dan menjaga Bank Mandiri Taspen                and ensuring that Bank Mandiri Taspen continuously complies
              selalu mematuhi ketentuan Otoritas Jasa Keuangan, Bank              with Financial Services Authority (OJK) regulations, Bank
              Indonesia, Peraturan Perundang-undangan dan ketentuan lain          Indonesia regulations, applicable laws and regulations, and
              yang berlaku.                                                       other prevailing provisions.
          2. Satuan Kerja Kepatuhan (SKK) Kantor Pusat                       2. Head Office Compliance Work Unit (SKK)
              Bertanggung jawab untuk membuat langkah-langkah dalam               Responsible for developing measures to support the
              rangka mendukung terciptanya Budaya Kepatuhan pada                  establishment of a Compliance Culture at all levels of the
              setiap jenjang organisasi.                                          organization.
          3. Satuan Kerja Kepatuhan (SKK) Unit Kerja                         3. Work Unit Compliance (SKK) at Operational Units
              Bertanggung jawab untuk melaporkan pelaksanaan tugas dan            Responsible for reporting the implementation of duties and
              tanggung jawab baik secara berkala maupun khusus kepada             responsibilities, both periodically and on an ad hoc basis, to
              SKK Kantor Pusat.                                                   the Head Office Compliance Work Unit (SKK).

          Strategi Manajemen Risiko dan Efektivitas Penerapan Manajemen Risiko
 b.
          Risk Management Strategy and Effectiveness of Risk Management Implementation

          Satuan Kerja Kepatuhan (SKK) Kantor Pusat, melaksanakan tugas-     The Head Office Compliance Work Unit (SKK) performs Compliance
          tugas Fungsi Kepatuhan (compliance assurance services) dalam       Function activities (compliance assurance services) which include,
          bentuk antara lain:                                                among others:
          1. Review/examination services                                     1. Review/Examination Services
              yaitu melakukan pengkajian kepatuhan atas dasar dokumen            Conducting compliance assessments based on decision
              dari suatu keputusan untuk memastikan kepatuhan terhadap           documents to ensure adherence to applicable laws and
              peraturan perundang-undangan dan ketentuan yang berlaku,           regulations. These activities cover both ex-ante and ex-post
              aktivitas atau transaksi yang bersifat ex-ante dan ex-post         processes, including:
              yang mencakup antara lain:
              a. Ex-ante                                                           a.    Ex-ante
                   -   Me-review rancangan kebijakan, Standar Prosedur/                  Reviewing draft policies, Standard Operating Procedures/
                       Pedoman, Petunjuk Teknis, rancangan keputusan dan                 Guidelines, Technical Instructions, draft decisions, and
                       rancangan rancangan perjanjian sebagai bagian dari                draft agreements as part of the working division prior to
                       Working Division, sebelum disahkan oleh pejabat                   approval by authorized officials.
                       yang berwenang
              b. Ex-post                                                           b.    Ex-post
                   -   Melakukan compliance test                                         -   Conducting compliance testing.
                   -   Memastikan Bank mematuhi dan/atau memenuhi                        -   Ensuring that the Bank complies with all agreements,
                       seluruh Perjanjian, Komitmen dan Kewajiban kepada                     commitments, and obligations to the Financial
                       OJK, BI dan otoritas regulator lainnya.                               Services Authority (OJK), Bank Indonesia (BI), and
                                                                                             other regulatory authorities.
                  -   Memastikan pelaksanaan penerapan Anti Pencucian                    -   Ensuring the implementation of Anti-Money
                      Uang, Pencegahan Pendanaan Terorisme dan                               Laundering, Countering the Financing of Terrorism,
                      pencegahan pendanaan proliferasi senjata pemunah                       and Prevention of Proliferation of Weapons of Mass
                      massal (APU PPT dan PPPSPM).                                           Destruction (AML/CFT and CPFWM) frameworks.




      438                                                                                                                   Laporan Tahunan 2025
Page 439
                                                                                                                      PT Bank Mandiri Taspen




       2.   Supervisory services                                            2.   Supervisory Services
            Mensupervisi aktivitas (process) terkait:                            Supervising activities (processes) related to:
            a. Pengelolaan risiko kepatuhan (identifikasi, pengukuran,           a. Management        of    compliance     risk   (identification,
                 pemantauan, dan pengendalian) atas aktivitas yang                  measurement, monitoring, and control) of implemented
                 dilaksanakan, terutama risiko kepatuhan yang dinilai               activities, particularly high-risk compliance exposures.
                 tinggi.
            b. Memonitor Tindak lanjut Hasil Audit baik internal maupun          b.  Monitoring follow-up actions on internal and external
                 eksternal.                                                          audit findings.
       3.   Consultation services                                           3.   Consultation Services
            Pemberian compliance advice berdasarkan permintaan baik              Providing compliance advisory services upon request, either
            lisan maupun tulisan atas suatu permasalahan terkait aspek           verbally or in writing, on compliance-related issues within
            kepatuhan di Bank Mandiri Taspen.                                    Bank Mandiri Taspen.
       4.   Regulatory services
            Penyediaan, pengkajian, sosialisasi atas peraturan perundang-   4.   Regulatory Services
            undangan dan ketentuan yang berlaku serta penyediaan alat            Providing, reviewing, and disseminating applicable laws,
            bantu dengan tujuan memudahkan jajaran Bank Mandiri                  regulations, and internal guidelines, as well as developing
            Taspen dalam mematuhinya.                                            supporting tools to facilitate compliance across all levels of
                                                                                 Bank Mandiri Taspen.

       Mekanisme Pemantauan dan Pengendalian Risiko Kepatuhan
 c.
       Mechanism for Monitoring and Controlling Compliance Risk

       Proses pengelolaan risiko kepatuhan diantaranya yaitu Pemantauan     The compliance risk management process includes monitoring and
       dan Pengendalian, dengan mekanisme sebagai berikut:                  control activities, with the following mechanisms:
       1. Pemantauan                                                        1. Monitoring
           a. Melakukan proses monitoring yang efektif dalam                    a. Conducting effective monitoring processes to ensure
               pengelolaan risiko yang memadai                                       adequate risk management.
           b. Memonitor profil risiko dan kemungkinan terjadinya risiko         b. Regularly monitoring the risk profile and the potential
               ketidakpatuhan secara teratur.                                        occurrence of non-compliance risks.
           c. Melakukan proses monitoring yang memberikan informasi             c. Performing monitoring processes that provide information
               mengenai:                                                             on:
               -    Efektivitas mitigasi yang dilakukan                              -    Effectiveness of implemented mitigation measures;
               -    Efektivitas identifikasi risiko                                  -    Effectiveness of risk identification;
               -    Efektivitas penilaian risiko                                     -    Effectiveness of risk assessment;
               -    Hal-hal     yang     harus      disempurnakan untuk              -    Areas requiring improvement to strengthen the risk
                    memperkuat proses pengelolaan risiko                                  management process.
           d. Melakukan proses monitoring yang efektif untuk                    d. Conducting effective monitoring processes to facilitate early
               mempermudah pendeteksian hal-hal yang harus diperbaiki                detection of issues that need to be improved in policies,
               dalam kebijakan, proses dan prosedur pengelolaan risiko               processes, and procedures related to compliance risk
               kepatuhan. Apabila dilakukan tepat waktu, ini dapat                   management. Timely execution of such monitoring reduces
               mengurangi potensi terjadinya non-compliance events.                  the potential occurrence of non-compliance events.
       2. Pengendalian                                                      2. Control
           a. Merancang dan menerapkan kebijakan, proses, prosedur,             a. Designing and implementing policies, processes,
               dan bentuk mitigasi/kontrol lainnya untuk memitigasi                  procedures, and other mitigation/control measures to
               risiko Kepatuhan                                                      mitigate compliance risk.
           b. Mengkaji secara berkala bentuk mitigasi atau kontrol yang         b. Periodically reviewing established and implemented
               ditetapkan dan diterapkan dengan mempertimbangkan:                    mitigation or control measures by considering:
               -    Efektivitas mitigasi/kontrol                                     -    Effectiveness of mitigation/control;
               -    Efisiensi mitigasi/kontrol                                       -    Efficiency of mitigation/control.
           c. Memastikan kepatuhan elemen pokok dari suatu sistem               c. Ensuring compliance with key elements of the mitigation
               mitigasi atas peraturan perundang-undangan dan                        system against applicable laws and regulations, including:
               ketentuan yang berlaku meliputi:
               -    Top-level review terkait status pencapaian tujuan                 -   Top-level review of the Bank’s achievement of
                    Bank                                                                  objectives;
               -    Pengujian kepatuhan terhadap kontrol yang                         -   Testing of compliance with management controls;
                    diterapkan manajemen
               -    Kebijakan dan prosedur terkait penanganan                         -   Policies and procedures related to handling violations;
                    pelanggaran ketentuan
               -    Sistem approval dan otorisasi untuk memastikan                    -    Approval and authorization systems to ensure
                    akuntabilitas                                                          accountability.
           d. Memperkuat mitigasi/kontrol melalui budaya kepatuhan               d.   trengthening mitigation/control through a strong
               yang kuat untuk mendorong terciptanya pengelolaan                      compliance culture to support the development of a
               risiko kepatuhan yang Tangguh.                                         resilient compliance risk management framework.




2025 Annual Report                                                                                                                     439
Page 440
Informasi Eksposur Risiko dan Permodalan
Risk Exposure and Capital Information




Risiko Tingkat Suku Bunga
Interest Rate Risk


Bank melakukan pengukuran risiko suku bunga dengan menggunakan metodologi yang dapat mengidentifikasi risiko suku bunga
dari portofolio aset dan liabilitas yang sensitif terhadap perubahan suku bunga serta menentukan besaran risiko terhadap Bank.


Untuk mengendalikan risiko suku bunga tersebut, Bank menjadikan tingkat suku bunga penjaminan dari Lembaga Penjaminan
Simpanan sebagai salah satu acuan dalam menetapkan tingkat suku bunga dana pihak ketiga dan tingkat suku bunga kredit. Selain
itu, penghimpunan dana Bank selalu dikaitkan dengan kemampuan penyalurannya, serta diupayakan tidak terjadi negative interest
gap sehingga net interest margin yang diperoleh Bank selalu dalam kondisi positif dan risiko tingkat suku bunga dapat ditekan
seminimal mungkin.


Risiko tingkat suku bunga terjadi dari bermacam-macam layanan perbankan kepada nasabah meliputi penghimpunan dana (antara
lain giro, tabungan dan deposito), penempatan dana (antara lain kredit yang diberikan), komitmen dan kontinjensi, serta instrumen
lain yang mengandung suku bunga.


ALCO Bank yang beranggotakan Direksi dan beberapa anggota manajemen senior, bertanggung jawab dalam menetapkan kebijakan
dan strategi pengelolaan risiko tingkat suku bunga di banking book serta mengawasi penerapan dan pelaksanaannya. Tujuan utama
ALCO adalah mengoptimalkan hasil usaha Bank dengan tetap memperhatikan batasan-batasan risiko yang ditetapkan.




Pengungkapan Kuantitatif Risiko Tingkat Suku Bunga

Tabel di bawah ini mengikhtisarkan aset dan liabilitas keuangan Bank pada nilai tercatat, yang dikategorikan berdasarkan jangka
waktu kontrak pada tanggal 31 Desember 2025 dan 2025.




                                                                             31 Desember 2025
                                                                             December 31, 2025
                       Akun
                                                                    Tidak Dikenakan                              >1 Bulan –
                      Account                                                            Sampai Dengan 1
                                                                         Bunga                                     3 Bulan
                                                      Total                                   bulan
                                                                      Non-Interest                               >1 Month –
                                                                                          Up to 1 month
                                                                        Bearing                                   3 Months

 ASET
                                                     72,285,577                  -            9,505,759              617,123
 ASSETS

 Giro pada Bank Indonesia
                                                      1,283,107                  -            1,283,107                       -
 Current Accounts with Bank Indonesia

 Giro pada Bank Lain
                                                         74,756                  -                74,756                      -
 Current Accounts with Other Banks

 Penempatan Pada Bank Lain (termasuk Fasilitas BI)
 Placements with Other Banks (including Bank          6,361,889                  -            6,361,889                       -
 Indonesia Facilities)

 Efek-efek
                                                     13,019,452                  -               749,883             571,628
 Securities

 Efek-efek Yang dibeli Dengan janji dijual Kembali
                                                      1,015,658                  -            1,015,658                       -
 Securities Purchased under Resale Agreements

 Kredit yang Diberikan
                                                     50,530,716                  -                20,466              45,494
 Loans

 Aset lain-lain *)
                                                              -                  -                     -                      -
 Other Assets *)




    440                                                                                                     Laporan Tahunan 2025
Page 441
                                                                                                                   PT Bank Mandiri Taspen




The Bank measures interest rate risk using methodologies capable of identifying interest rate risk arising from portfolios of assets
and liabilities that are sensitive to changes in interest rates, as well as determining the magnitude of such risks to the Bank.


To control interest rate risk, the Bank uses the deposit insurance rate set by the Indonesia Deposit Insurance Corporation (LPS) as
one of the references in determining interest rates for third-party funds and lending rates. In addition, the Bank aligns its fund-raising
activities with its lending capacity and seeks to avoid a negative interest gap, thereby ensuring that the net interest margin remains
positive and interest rate risk is minimized.



Interest rate risk arises from various banking services provided to customers, including fund-raising activities (such as current
accounts, savings, and time deposits), fund placements (such as loans), commitments and contingencies, as well as other interest-
bearing instruments.


The Bank’s Asset and Liability Committee (ALCO), comprising members of the Board of Directors and senior management, is
responsible for establishing policies and strategies for managing interest rate risk in the banking book, as well as overseeing their
implementation and execution. The primary objective of ALCO is to optimize the Bank’s financial performance while maintaining risk
exposure within the established limits.



Quantitative Disclosure of Interest Rate Risk

The table below summarizes the Bank’s financial assets and liabilities at their carrying amounts, categorized based on contractual
maturities as of December 31, 2025 and 2024.


                                                                                                               (dalam jutaan rupiah / in IDR million)


                                                           31 Desember 2025
                                                           December 31, 2025

      >3 Bulan –             >1 Tahun –             >2 tahun –             >3 tahun –             >4 tahun –
       1 Tahun                2 Tahun                3 tahun                4 tahun                5 tahun               Lebih dari 5 tahun
     >3 Months –              >1 Year –             >2 Years –             >3 Years –             >4 Years –             More than 5 years
        1 Year                 2 Years               3 Years                4 Years                5 Years


        2,772,037                499,676                825,312              1,910,826              2,540,591                   53,614,254


                   -                      -                      -                      -                      -                             -


                   -                      -                      -                      -                      -                             -



                   -                      -                      -                      -                      -                             -



        2,574,967                 53,903                123,211              1,105,144              1,444,654                    6,396,063


                   -                      -                      -                      -                      -                             -


          197,070                445,774                702,101                805,682              1,095,937                   47,218,192


                   -                      -                      -                      -                      -                             -




2025 Annual Report                                                                                                                     441
Page 442
Informasi Eksposur Risiko dan Permodalan
Risk Exposure and Capital Information




                                                                                                            31 Desember 2025
                                                                                                            December 31, 2025
                             Akun
                                                                                              Tidak Dikenakan                                              >1 Bulan –
                            Account                                                                                       Sampai Dengan 1
                                                                                                   Bunga                                                     3 Bulan
                                                                        Total                                                  bulan
                                                                                                Non-Interest                                               >1 Month –
                                                                                                                           Up to 1 month
                                                                                                  Bearing                                                   3 Months

 LIABILITAS
 LIABILITIES

 Liabilitas segera
                                                                                      -                         -                            -                            -
 Obligations Due Immediately

 Simpanan nasabah
                                                                      55,030,573                                -               26,519,026                   19,421,576
 Customer Deposits

 Simpanan dari Bank Lain
                                                                            49,789                              -                    49,789                               -
 Deposits from Other Banks

 Surat berharga yang diterbitkan
                                                                        2,695,416                               -                            -                           -
 Securities Issued

 Pinjaman yang diterima
                                                                        5,000,000                               -                            -                   250,000
 Borrowings

 Liabilitas lain-lain **)
                                                                          183,727                               -                    83,261                      100,373
 Other Liabilities **)



 Total Gap Suku Bunga
                                                                        9,326,071                               -              (17,146,317)                (19,154,827)
 Total Interest Rate Gap

*)    Aset lain-lain terdiri dari pendapatan bunga yang masih akan diterima, tagihan klaim asuransi, tagihan transaksi ATM, tagihan kepada pihak ketiga dan lain-lain.
**)   Liabilitas lain-lain terdiri dari bunga yang masih harus dibayar, cadangan bonus dan THR, utang jasa pihak ketiga, titipan jasa notaris, titipan dana retensi atas renovasi
      cabang, utang premi asuransi dan lain-lain.
*)    Other assets consist of accrued interest income, insurance claim receivables, ATM transaction receivables, receivables from third parties, and others.
**)   Other liabilities consist of accrued interest expenses, bonus and holiday allowance (THR) provisions, payables for third-party services, notary service deposits, retention
      funds for branch renovations, insurance premium payables, and others.




                                                                                                            31 Desember 2024
                                                                                                            December 31, 2024

                             Akun
                                                                                              Tidak Dikenakan                                              >1 Bulan –
                            Account                                                                                       Sampai Dengan 1
                                                                                                   Bunga                                                     3 Bulan
                                                                        Total                                                  bulan
                                                                                                Non-Interest                                               >1 Month –
                                                                                                                           Up to 1 month
                                                                                                  Bearing                                                   3 Months

 ASET
                                                                     65,379,347                         -                         9,415,005                       83,215
 ASSETS

 Giro pada Bank Indonesia
                                                                       3,122,333                        -                         3,122,333                               -
 Current Accounts with Bank Indonesia

 Giro pada Bank Lain
                                                                           47,978                       -                             47,978                              -
 Current Accounts with Other Banks

 Penempatan pada Bank Indonesia
                                                                       2,179,682                        -                         2,179,682                               -
 Placements with Bank Indonesia

 Efek-efek
                                                                     12,490,558                         -                         2,770,084                               -
 Securities

 Efek-efek yang dibeli dengan janji dijual kembali
                                                                       1,277,381                        -                         1,277,381                               -
 Securities Purchased under Resale Agreements

 Kredit yang diberikan
                                                                      46,261,415                        -                             17,547                      83,215
 Loans

 Aset lain-lain *)
                                                                                  -                     -                                    -                            -
 Other Assets *)




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                                                                                                PT Bank Mandiri Taspen




                                               31 Desember 2025
                                               December 31, 2025

      >3 Bulan –       >1 Tahun –       >2 tahun –           >3 tahun –        >4 tahun –
       1 Tahun          2 Tahun          3 tahun              4 tahun           5 tahun               Lebih dari 5 tahun
     >3 Months –        >1 Year –       >2 Years –           >3 Years –        >4 Years –             More than 5 years
        1 Year           2 Years         3 Years              4 Years           5 Years




                   -                -                -                     -                -                             -


        3,867,992        4,944,068           94,974                 78,162          66,670                         38,104


                   -                -                -                     -                -                             -


        1,197,963                   -       798,642                698,812                  -                             -


        2,000,000        2,750,000                   -                     -                -                             -


               94                   -                -                     -                -                             -




       (4,294,011)      (7,194,391)        (68,304)            1,133,851         2,473,920                   53,576,150




                                                                                            (dalam jutaan rupiah / in IDR million)


                                               31 Desember 2024
                                               December 31, 2024

      >3 Bulan –       >1 Tahun –       >2 tahun –           >3 tahun –        >4 tahun –
       1 Tahun          2 Tahun          3 tahun              4 tahun           5 tahun               Lebih dari 5 tahun
     >3 Months –        >1 Year –       >2 Years –           >3 Years –        >4 Years –             More than 5 years
        1 Year           2 Years         3 Years              4 Years           5 Years


        1,791,600          618,824       654,770               742,947           2,015,743                    50,057,242


                   -                -           -                      -                    -                             -


                   -                -           -                      -                    -                             -


                   -                -           -                      -                    -                             -


        1,581,235          244,653         53,742             121,648             1,113,743                    6,605,452


                   -                -           -                      -                    -                             -


          210,365          374,171       601,027              621,299              902,000                    43,451,790


                   -                -           -                      -                    -                             -




2025 Annual Report                                                                                                  443
Page 444
Informasi Eksposur Risiko dan Permodalan
Risk Exposure and Capital Information




                                                                                                            31 Desember 2024
                                                                                                            December 31, 2024

                             Akun
                                                                                              Tidak Dikenakan                                              >1 Bulan –
                            Account                                                                                       Sampai Dengan 1
                                                                                                   Bunga                                                     3 Bulan
                                                                        Total                                                  bulan
                                                                                                Non-Interest                                               >1 Month –
                                                                                                                           Up to 1 month
                                                                                                  Bearing                                                   3 Months

 LIABILITAS
                                                                      57,682,973                        -                       28,772,997                   18,137,634
 LIABILITIES

 Liabilitas segera
                                                                                  -                     -                                    -                            -
 Obligations Due Immediately

 Simpanan nasabah
                                                                     48,824,547                         -                       26,433,419                    17,567,894
 Customer Deposits

 Simpanan dari Bank Lain
                                                                         755,053                        -                           755,053                               -
 Deposits from Other Banks

 Surat berharga yang diterbitkan
                                                                       1,199,092                        -                                    -                            -
 Securities Issued

 Pinjaman yang diterima
                                                                       5,750,000                        -                           500,000                      500,000
 Borrowings

 Liabilitas lain-lain **)
                                                                       1,154,281                        -                         1,084,525                        69,740
 Other Liabilities **)



 Total Gap Suku Bunga
                                                                       7,696,374                        -                      (19,357,992)                (18,054,419 )
 Total Interest Rate Gap

*)    Aset lain-lain terdiri dari pendapatan bunga yang masih akan diterima, tagihan klaim asuransi, tagihan transaksi ATM, tagihan kepada pihak ketiga dan lain-lain.
**)   Liabilitas lain-lain terdiri dari bunga yang masih harus dibayar, cadangan bonus dan THR, utang jasa pihak ketiga, titipan jasa notaris, titipan dana retensi atas renovasi
      cabang, utang premi asuransi dan lain-lain.
*)    Other assets consist of accrued interest income, insurance claim receivables, ATM transaction receivables, receivables from third parties, and others.
**)   Other liabilities consist of accrued interest expenses, bonus and holiday allowance (THR) provisions, payables for third-party services, notary service deposits, retention
      funds for branch renovation, insurance premium payables, and others.



Tabel di bawah ini mengikhtisarkan sensitivitas laba tahun                                  The table below summarizes the sensitivity of profit for the
berjalan terhadap pergerakan suku bunga terhadap Bank pada                                  year to changes in interest rates of the Bank as of December
tanggal 31 Desember 2025 dan 2024 yaitu sebagai berikut.                                    31, 2025 and 2024, as follows.



                                                                                                  Peningkatan 100bps                         Penurunan 100bps
                                                                                                  Increase by 100 bps                        Decrease by 100 bps

 31 Desember 2025
 Menambah/(mengurangi) laba tahun berjalan (Rp Juta)
                                                                                                            (284,820)                                 277,376
 December 31, 2025
 Increase/(Decrease) in Profit for the Year (IDR Million)

 31 Desember 2024
 Menambah/(mengurangi) laba tahun berjalan (Rp Juta)
                                                                                                            (250,242)                                 248,583
 December 31, 2024
 Increase/(Decrease) in Profit for the Year (IDR Million)




Proyeksi di atas mengasumsikan bahwa seluruh variabel                                       The above projections assume that all other variables remain
lainnya adalah konstan pada tanggal pelaporan keuangan                                      constant as of the financial reporting date, and reflect
dan terdapat penyesuaian metodologi serta permodelan                                        adjustments in methodology and modeling applied in the 2024
pada perhitungan tahun 2024 pasca peningkatan status Bank                                   calculations following the Bank’s upgrade to KBMI II status.
menjadi KBMI II.




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                                                                                                          PT Bank Mandiri Taspen




                                                     31 Desember 2024
                                                     December 31, 2024

      >3 Bulan –          >1 Tahun –          >2 tahun –           >3 tahun –            >4 tahun –
       1 Tahun             2 Tahun             3 tahun              4 tahun               5 tahun             Lebih dari 5 tahun
     >3 Months –           >1 Year –          >2 Years –           >3 Years –            >4 Years –           More than 5 years
        1 Year              2 Years            3 Years              4 Years               5 Years


        7,027,942           3,564,583            77,230               41,436                   35,542                  25,608


                   -                   -              -                       -                       -                      -


        4,527,927             115,492            77,230                  41,436                35,542                  25,608


                   -                   -              -                       -                       -                      -


                   -        1,199,092                 -                       -                       -                      -


        2,500,000           2,250,000                 -                       -                       -                      -


               16                      -              -                       -                       -                      -




      (5,236,342)          (2,945,759)          577,539              701,511                1,980,202              50,031,634




Penerapan Manajemen Permodalan Terintegrasi
Implementation of Integrated Capital Management



Modal merupakan sumber dukungan keuangan dalam                  Capital serves as a source of financial support for the overall
pelaksanaan aktivitas secara keseluruhan, cushion untuk         execution of activities, a cushion to absorb unexpected losses,
menyerap kerugian yang tidak terduga (unexpected losses),       and a safety net under crisis conditions. Adequate capital levels
dan jaring pengaman (safety net) dalam kondisi krisis.          enhance stakeholder confidence. In accordance with Financial
Kecukupan modal yang memadai dapat meningkatkan                 Services Authority Regulation (OJK) No. 26/POJK.03/2015
kepercayaan pemangku kepentingan (stakeholders). Sesuai         dated December 4, 2015 concerning the Integrated Minimum
Peraturan Otoritas Jasa Keuangan (OJK) No. 26/POJK.03/2015      Capital Adequacy Requirement for Financial Conglomerates,
tanggal 4 Desember 2015 tentang Kewajiban Penyediaan            the Bank has implemented integrated capital management
Modal Minimum Terintegrasi Bagi Konglomerasi Keuangan,          to maintain public confidence and support overall business
Bank telah melakukan penerapan manajemen permodalan             growth. The steps undertaken by the Bank as the Main Entity
terintegrasi terhadap dalam rangka menjaga kepercayaan          in implementing integrated capital management include the
masyarakat dan meningkatkan usaha secara keseluruhan.           following:
Langkah-Langkah yang telah dilakukan Bank sebagai Entitas
Utama untuk mengimplementasikan penerapan manajemen
permodalan terintegrasi antara lain:
1. Sosialisasi dan koordinasi dengan Perusahaan Anak dan        1. Socialization and coordination with Subsidiaries and
     Perusahaan Berelasi;                                          Affiliated Companies;
2. Penyusunan Kebijakan dan Pedoman Umum Kewajiban              2. Formulation of Policies and General Guidelines on
     Penyediaan Modal Minimum Terintegrasi; dan                    Integrated Minimum Capital Adequacy Requirements; and
3. Penyusunan Laporan Kecukupan Permodalan Terintegrasi         3. Preparation of the Integrated Capital Adequacy Report
     untuk pertama kalinya pada posisi Desember 2015 kepada        for the first time as of December 2015 to the regulatory
     pihak otoritas.                                               authority.




2025 Annual Report                                                                                                      445
Page 446
 Sumber Daya
 Manusia




446            Laporan Tahunan 2025
Page 447
                     Human
                     Capital




2025 Annual Report             447
Page 448
Sumber Daya Manusia
Human Capital




Strategi Manajemen Sumber Daya Manusia
Strategy of Human Resource Management


Strategi Manajemen Sumber Daya Manusia merupakan pilar           Human Resource Management Strategy is an important pillar
penting dalam menciptakan lingkungan kerja yang produktif,       in creating a productive, happy, and growth-oriented work
bahagia dan berorientasi pada pertumbuhan. Sehingga              environment. Thus, we focus on improving management as
kami berfokus untuk meningkatkan pengelolaan secara              a whole to provide the best employee experience. Strategy
menyeluruh agar dapat menghadirkan pengalaman terbaik            of Human Resource Management in Bank Mandiri Taspen
pegawai (employee experience). Strategi Manajemen Sumber         involves 9 (nine) areas connected to each other to support
Daya Manusia di Bank Mandiri Taspen meliputi 9 (sembilan)        employees’ convenience.
area yang saling berhubungan satu dengan lainnya untuk
mendukung kemudahan pegawai.




                        HC Information System                                      Recruitment




                 Governance
                                                                                           Talent Management
             (Policy & Procedure)
                                                        Human
                                                        Capital
                 Performance                          Management                               Remuneration
                 Management




                 Culture Engagement                                                    Training Development

                                                           Organization
                                                           Development




Landasan ketentuan di Bank Mandiri Taspen selalu di-review       The basic provisions at Bank Mandiri Taspen are always
secara berkala di antaranya Peraturan Perusahaan, Standar        reviewed periodically, including Company Regulations,
Prosedur dan Petunjuk Teknis Sumber Daya Manusia. Hal ini        Standard Procedures, and Technical Instructions for Human
dilakukan dalam upaya menjaga ketentuan yang dimiliki Bank       Resources. This is done to keep the Bank’s regulations updated
agar tetap terkini dan selalu sesuai dengan ketentuan Undang-    and always in accordance with the provisions of the applicable
Undang Ketenagakerjaan yang berlaku dan mendukung                Manpower Law and support the Bank’s business needs.
kebutuhan bisnis Bank.


Dalam memenuhi kebutuhan bisnis Bank yang dinamis, Bank          In meeting the Bank’s dynamic business needs, the Bank
menerapkan Strategic Recruitment Plan sebagai pedoman            implements a Strategic Recruitment Plan as a guideline for
pemenuhan pegawai (rekrutmen) agar pemenuhan tepat,              employee recruitment so that the recruitment is precise,
efisien dan sesuai dengan kebutuhan bisnis serta dinamika        efficient, and in line with current needs and organizational
pasar dan organisasi.                                            dynamics.


Berkembangnya organisasi, membutuhkan talenta-talenta            The development of organization requires great talents who
hebat yang mampu memimpin organisasi ke arah yang lebih          can lead the organization to a better direction. Bank Mandiri
baik. Bank Mandiri Taspen terus melakukan pengelolaan            Taspen continues to carry out talent management and




    448                                                                                                   Laporan Tahunan 2025
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                                                                                                      PT Bank Mandiri Taspen




talenta dan manajemen suksesi dalam upaya memastikan            succession management as an effort to ensure that critical
posisi kritikal terisi dengan talenta/suksesor internal yang    positions are filled with quality internal talent/successors and
berkualitas serta memastikan pegawai pada seluruh level         to ensure that employees at all levels of positions have the
jabatan memiliki kesempatan promosi yang sama.                  same promotion opportunities.


Dalam upaya mendukung hal tersebut, Bank Mandiri Taspen         To support this, Bank Mandiri Taspen carries out periodic salary
melakukan salary review berkala dan juga memastikan             reviews and also ensures that insurance benefits are above the
peningkatan manfaat/benefit asuransi di atas rata-rata nilai    average market value. Regarding the issue, it can expectedly
pasar. Atas hal tersebut, diharapkan dapat memacu semangat      drive spirit and improve employee motivation and retention.
dan meningkatkan motivasi dan retensi pegawai.


Peningkatan kompetensi pegawai adalah kunci agar Bank dapat     Improving employee competency is the key for the Bank to
terus menghadapi tantangan bisnis yang dinamis. Training        face dynamic business challenges. Training Development is
Development menjadi strategi dalam peningkatan skill dan        a strategy for improving employee skills and competencies
kompetensi pegawai melalui program pengembangan kepada          through development programs for all levels of employees
seluruh level pegawai dalam bentuk pelatihan konvensional       in the form of training and education at all levels according to
maupun pelatihan e-learning di seluruh lini disesuaikan         business needs.
dengan kebutuhan bisnis.


Kunci lainnya dalam menghadapi tantangan bisnis adalah          Another key in facing business challenges is organizational
pengembangan organisasi yang selaras dengan perkembangan        development that is in line with business developments
bisnis dan regulasi. Bank Mandiri Taspen secara berkala         and regulations. Bank Mandiri Taspen periodically reviews
me-review struktur organisasi yang kemudian dilakukan           the organizational structure which is then adjusted through
penyelarasan melalui review kebutuhan bisnis dan operasional.   reviewing business and operational needs. Organizational
Dengan adanya pengembangan organisasi diharapkan dapat          development is expected to optimize and improve efficiency in
mengoptimalisasi serta meningkatkan efisiensi dalam bisnis      the company’s business and operations.
dan operasional perusahaan.


Dalam upaya memperkuat budaya perusahaan, Bank Mandiri          To strengthen the corporate culture, Bank Mandiri Taspen
Taspen secara konsisten menginternalisasi nilai-nilai AKHLAK    consistently internalizes AKHLAK values through various
melalui unique value The Mantap Ways serta berbagai program     programs and routine activities that are aimed at increasing
dan kegiatan rutin yang bertujuan meningkatkan keterikatan      engagement between employees and the Company. This
(engagement) antara pegawai dan perusahaan. Inisiatif ini       initiative is designed to create a comfortable working
dirancang untuk menciptakan lingkungan kerja yang nyaman,       environment, encourage productivity, and improve employee
mendorong produktivitas, serta meningkatkan kesejahteraan       welfare and happiness.
dan kebahagiaan pegawai.


Pengelolaan kinerja pegawai telah sepenuhnya terdigitalisasi    Employee performance management has been fully digitized
dan dilakukan secara transparan melalui proses sesi diskusi     and is conducted transparently through a discussion session
antara pegawai dengan atasan (1 on 1) serta moderasi            process between employees and superiors (1 on 1) and
performance appraisal. Proses ini melibatkan Divisi Human       performance appraisal moderation. This process encompasses
Capital dan unit kerja terkait untuk memastikan objektivitas    the Human Capital Division and related work units to ensure
dan akuntabilitas dalam penilaian kinerja.                      objectivity and accountability in performance assessments.


Seluruh tahapan didukung oleh Human Resource Information        Those stages are reinforced by the Human Resource
System (HRIS), yang menghadirkan pengalaman self-service        Information System (HRIS), which provides a self-service
platform bagi pegawai dalam mengakses informasi serta           platform experience for employees to access information and
mengajukan berbagai keperluan kepegawaian, sehingga             submit various employee needs, so that employee needs can
kebutuhan pegawai dapat terpenuhi secara lebih efektif dan      be encountered more effectively and comprehensively.
menyeluruh.




2025 Annual Report                                                                                                    449
Page 450
Sumber Daya Manusia
Human Capital




Kebijakan dan Pelaksanaan Manajemen
Sumber Daya Manusia
Policy and Implementation of Human Resource Management


Rekrutmen                                                          Recruitment

Kebijakan                                                          Policy

Kegiatan rekrutmen pegawai baru diatur pada ketentuan              New employee recruitment activities are regulated by the
Standar Prosedur dan Petunjuk Teknis Sumber Daya Manusia           provisions of Standard Procedures and Technical Instructions
yang mengacu kepada Undang-Undang Nomor 6 Tahun 2023               for Human Resources which refer to Law Number 6 of 2023
tentang Cipta Kerja. Kebutuhan dan dinamika bisnis mendorong       concerning Job Creation. The existence of business needs and
perusahaan untuk menyediakan tenaga kerja yang memadai             dynamics means that companies require sufficient workforce
guna mendukung aktivitas bisnis Bank. Dalam upaya memenuhi         that can fulfill the Bank’s business activities. As an effort to
kebutuhan tenaga kerja, Bank Mandiri Taspen melaksanakan           meet workforce needs, one thing that must be done is recruiting
rekrutmen pegawai yang capable dan kompeten di bidangnya.          employees who are capable and competent in their fields.
Bank Mandiri Taspen menerapkan rencana strategis pemenuhan         Bank Mandiri Taspen implements a Strategic Recruitment
pegawai (Strategic Recruitment Plan), yaitu proses pemenuhan       Plan which is carried out in accordance with current and future
pegawai yang disesuaikan perkembangan bisnis terkini dan           business needs. Employee satisfaction is conducted through
proyeksi ke depan. Pemenuhan pegawai dilakukan melalui             pro-hire recruitment and the implementation of regular Officer
rekrutmen pro hire dan pelaksanaan Officer Development             Development Programs (ODP), which are aimed at producing
Program (ODP) reguler, yang diarahkan untuk mencetak calon         professional, competitive and adaptive young leaders to deal
pemimpin muda yang profesional, memiliki daya saing, dan           with changes.
adaptif terhadap perubahan.


Pelaksanaan Rekrutmen                                              Implementation of Recruitment

Pada 2025, telah dilakukan proses rekrutmen dengan detail          In 2025, the recruitment process was carried out with the
sebagai berikut:                                                   following details:



                             Jenis Rekrutmen                                  Kantor Pusat                 Kantor Cabang
 No
                            Type of Recruitment                                Head Office                 Branch Offices

  1    Pegawai / Employee                                                            82                          529

  2    Officer Development Program / Officer Development Program                     31                             0

       Total                                                                       113                           529



Pelaksanaan rekrutmen dilakukan melalui proses yang selektif       Recruitment is conducted through a selective process to
untuk menghasilkan pegawai yang kompeten, adaptif, suportif,       produce competent, adaptive, supportive and capable
dan mampu mendukung tujuan bisnis Bank.                            employee to support the Bank’s business objectives.



Pengembangan Kompetensi                                            Competency Development

Kebijakan dan pelaksanaan pengembangan kompetensi dapat            Competency development policies and implementation can be
dilihat pada Bab Profil Perusahaan.                                seen in the Company Profile Chapter.




      450                                                                                                    Laporan Tahunan 2025
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                                                                                                        PT Bank Mandiri Taspen




Pengembangan Karir                                              Career Development

Kebijakan                                                       Policy

Pengembangan karir di Bank Mandiri Taspen tidak hanya           Career development at Bank Mandiri Taspen is not only
berfokus pada promosi, tetapi juga mencakup peningkatan         focused on promotion, but also includes increasing capability,
kapabilitas, perluasan kewenangan, pengembangan individu,       expanding authority, individual development, and increasing
serta peningkatan remunerasi. Seluruh aspek pengembangan        remuneration. All aspects of career development have been
karir ini telah diatur secara komprehensif dalam Standar        comprehensively regulated in the Human Resources Standard
Prosedur Sumber Daya Manusia dan Petunjuk Teknis Sumber         Procedure and Human Resources Technical Instructions, which
Daya Manusia, yang mencakup mekanisme rotasi, mutasi,           include rotation mechanisms, mutations, detasering, and
detasering, hingga promosi pegawai.                             employee promotions.


Pelaksanaan Pengembangan Karir                                  Implementation of Career Development

Program pengembangan karir di Bank Mandiri Taspen terbuka       The career development program at Bank Mandiri Taspen is
bagi seluruh pegawai, dengan berbagai jalur pengembangan        open to employees, with various development paths according
sesuai dengan jenjang dan kebutuhan bisnis.                     to level and business needs.


Bank Mandiri Taspen memiliki inisiatif terhadap program         Bank Mandiri Taspen has initiated the Mantap Associate (MA)
Mantap Associate (MA) yaitu kesempatan seleksi kepegawaian      program, a gradual selection process for organic employees,
menjadi pegawai organik yang dilakukan secara bertahap          in accordance with applicable regulations. Throughout 2025,
sesuai dengan ketentuan yang berlaku. Sepanjang tahun 2025,     57 MA employees have become executive employees, placed
sebanyak 57 (lima puluh tujuh) pegawai MA telah menjadi         in essential positions, such as Customer Service and Retired
pegawai pelaksana yang ditempatkan pada posisi esensial,        Account Officers, as needed.
seperti Customer Service dan Account Officer Pensiunan,
sesuai dengan kebutuhan bisnis.


Di tingkat pelaksana, pegawai dengan kinerja baik               In the first level, Employees with good performance have
berkesempatan mengikuti Staff Development Program (SDP),        the opportunity to participate in the Staff Development
yang dirancang untuk menyiapkan calon pemimpin masa depan       Program (SDP), which is designed to prepare future leaders
sesuai kebutuhan bisnis. Pegawai yang memenuhi syarat,          according to business needs. Employees who meet the
termasuk masa kerja minimum dan penilaian kinerja yang          requirements, including minimum length of service and
ditetapkan, berhak masuk dalam daftar eligibilitas promosi ke   performance assessments set, are entitled to be included in
jenjang kepemimpinan. Pada tahun 2025, Staff Development        the list of promotion eligibility to the leadership level. In 2025,
Program Angkatan 11 telah menghasilkan 29 pegawai terbaik       Staff Development Program Batch 11 resulted in 29 best
yang kini menempati posisi officer.                             employees, who position currently as officer.


Pada tingkat pimpinan, sepanjang tahun 2025 sebanyak 92         In the leader level, during 2025, 92 employees were promoted
pegawai dipromosikan ke jabatan yang lebih tinggi sebagai       to higher positions as part of efforts to support increasingly
bagian dari upaya mendukung kebutuhan bisnis yang semakin       dynamic and challenging business needs. This promotion was
dinamis dan menantang. Promosi ini didasarkan pada evaluasi     based on an evaluation of employee performance in previous
kinerja pegawai di posisi sebelumnya, termasuk konsistensi      positions, including consistency in maintaining performance in
dalam mempertahankan kinerja dalam berbagai kondisi bisnis.     various business conditions.


Bagi fresh graduate, Bank Mandiri Taspen menjalankan Officer    For fresh graduate, Bank Mandiri Taspen performs the Officer
Development Program (ODP), untuk merekrut talenta muda          Development Program (ODP) to recruit quality young talents
berkualitas dari berbagai universitas ternama di Indonesia.     from various leading universities in Indonesia. In 2025, the
Pada tahun 2025, program ODP Reguler Angkatan 10 telah          Regular ODP program Batch 10 graduated 31 employees
meluluskan 31 pegawai yang mengisi berbagai posisi officer.     who filled various officer positions. This program is part of
Program ini merupakan bagian dari upaya Bank Mandiri Taspen     Bank Mandiri Taspen’s efforts to provide human resources that
dalam menghadirkan sumber daya manusia yang siap dibentuk       are ready formed according to business needs and support
sesuai kebutuhan bisnis, serta mendukung pengembangan           technology development in the company.
teknologi di perusahaan.




2025 Annual Report                                                                                                       451
Page 452
Sumber Daya Manusia
Human Capital




Bank Mandiri Taspen senantiasa mengutamakan kesempatan            Bank Mandiri Taspen always prioritizes promotion opportunities
promosi bagi pegawai internal yang dinilai memiliki               for internal employees, who are considered to have the
kompetensi dan kapabilitas untuk menempati posisi strategis.      competence and capability to occupy strategic positions. This
Hal ini mencerminkan bahwa proses suksesi talenta (talent         demonstrates that the talent succession process has been
succession) telah berjalan dengan baik sesuai dengan pedoman      well-performed in accordance with the established promotion
promosi yang ditetapkan.                                          guidelines.



Penilaian Kinerja                                                 Work Assessment

Kebijakan                                                         Policy

Penilaian kinerja pegawai merupakan salah satu komponen           Employee performance assessment is one of the key
kunci dalam upaya Bank Mandiri Taspen untuk mencapai              components in Bank Mandiri Taspen’s efforts to achieve
keunggulan organisasi. Proses ini diatur dalam Standar            organizational excellence. This process is regulated in
Prosedur Sumber Daya Manusia dan Petunjuk Teknis                  the Human Resources Standard Procedure and Human
Sumber Daya Manusia, yang menjadi pedoman utama dalam             Resources Technical Instructions, which are the key guidelines
pelaksanaan penilaian kinerja pegawai. Penilaian kinerja          in implementing employee performance assessments.
bertujuan untuk mengevaluasi keterampilan, kekuatan, serta        Performance assessments aim to accurately evaluate
area pengembangan pegawai secara akurat. Hasil evaluasi ini       employee skills, strengths, and development areas. The results
menjadi dasar dalam penyusunan program pengembangan               of this evaluation become the basis for compiling development
yang bertujuan untuk meningkatkan kompetensi pegawai.             programs that aim to improve employee competency.


Pengelolaan kinerja pegawai dilakukan secara menyeluruh           Employee performance management is carried out
dalam berbagai aktivitas dan proses di Human Capital. Salah       comprehensively in various activities and processes in Human
satu alat utama dalam proses ini adalah penilaian kinerja,        Capital. One of the key tools in this process is performance
yang mengukur pencapaian target dibandingkan dengan               assessment, which measures target achievement compared
realisasi kinerja pegawai. Hasil dari penilaian ini berhubungan   to employee performance realization. The results of this
erat dengan sistem penghargaan, baik dalam bentuk material        assessment are closely related to the reward system, both
maupun non-material, seperti pemberian bonus, penyesuaian         in material and non- material forms, such as bonuses, salary
gaji, dan kesempatan pengembangan karier. Dengan                  adjustments, and career development opportunities. The
pendekatan ini, diharapkan pegawai semakin termotivasi untuk      implementation of this approach is expected that employees
memberikan kinerja terbaik bagi perusahaan.                       will be more motivated to provide the best performance for the
                                                                  company.


Pelaksanaan Penilaian Kinerja                                     Implementation of Work Assessment

Pada penilaian kinerja 2025, Bank Mandiri Taspen melaksanakan     In the 2025 performance assessment, Bank Mandiri Taspen
performance appraisal secara penuh melalui sistem yang telah      conducted a full performance assessment through a system
terdigitalisasi sepenuhnya dalam Human Resource Information       that had been fully digitized in the Human Resource Information
System (HRIS). Digitalisasi ini meningkatkan efisiensi dan        System (HRIS). This digitalization increased the efficiency and
kualitas proses penilaian kinerja, sehingga lebih cepat dan       quality of the performance appraisal process, which was faster
akurat. Proses penilaian kinerja dilakukan secara bertahap        and more accurate. The performance assessment process is
untuk memastikan objektivitas dan transparansi. Salah satu        conducted in stages to ensure objectivity and transparency.
tahapannya adalah diskusi 1 on 1 antara pegawai dan atasan,       One of the stages was a 1-on-1 discussion between employees
yang merupakan ruang bagi pegawai untuk menyampaikan              and superiors, which was a space for employees to address the
realisasi kinerja yang telah dilakukan serta pandangan mereka     realization of performance that had been conducted and their
terkait pencapaian dan pengembangan diri.                         views on achievements and self-development.


Selain itu, Human Capital memfasilitasi proses moderasi           Moreover, Human Capital facilitates a moderation process
di seluruh unit kerja guna meningkatkan transparansi dan          across work units to increase transparency and accountability
akuntabilitas penilaian. Moderasi ini melibatkan manajer          for assessments. This moderation involves managers or team
atau pemimpin tim yang berkumpul untuk meninjau serta             leaders coming together to review and discuss the assessment
mendiskusikan hasil penilaian sebelum ditetapkan secara final,    results before they are finalized to ensure that each employee
memastikan bahwa setiap pegawai dinilai secara adil dan           is assessed fairly and objectively.
objektif.




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                                                                                                        PT Bank Mandiri Taspen




Remunerasi                                                        Remuneration

Remunerasi merupakan bagian dari strategi Bank Mandiri            Remuneration is part of Bank Mandiri Taspen’s strategy in
Taspen dalam memastikan kesejahteraan dan motivasi                ensuring employee welfare and motivation. This policy is
pegawai. Kebijakan ini dituangkan dalam Standar Prosedur          outlined in the Human Resources Standard Procedure, Human
Sumber Daya Manusia, Petunjuk Teknis Sumber Daya Manusia,         Resources Technical Instructions, and Remuneration Standard
serta Standar Prosedur Remunerasi. Remunerasi adalah imbal        Procedure. Remuneration is a reward given by the company
jasa yang diberikan perusahaan kepada pegawai sebagai             to employees as an appreciation for their contribution. Factors
penghargaan atas kontribusi mereka. Faktor-faktor yang            that influence the provision of rewards include job weight,
memengaruhi pemberian reward meliputi bobot jabatan,              target achievement, job holder competence, and length of
pencapaian target, kompetensi pemegang jabatan, serta masa        service. Remuneration can be cash or non-cash and is often
kerja. Remunerasi dapat berbentuk tunai (cash) maupun non-        referred to as compensation and benefits.
tunai (non-cash) dan sering disebut sebagai compensation
and benefits.


Bank Mandiri Taspen berkomitmen untuk memberikan                  Bank Mandiri Taspen commits to provide competitive
compensation & benefits yang kompetitif kepada pegawai.           compensation & benefits to employees. One of the efforts is
Salah satu upaya yang dilakukan adalah dengan mengikuti           to participate in salary surveys from external parties to ensure
salary survey dari pihak eksternal untuk memastikan kesesuaian    compliance with market salary. In addition, the Company also
dengan nilai pasar (market salary). Selain itu, perusahaan juga   provides various benefits that support employee comfort and
menyediakan berbagai benefit yang menunjang kenyamanan            welfare, such as health insurance and work accident insurance,
dan kesejahteraan pegawai, seperti jaminan kesehatan dan          to provide protection against possible risks.
jaminan kecelakaan kerja, guna memberikan perlindungan
terhadap risiko yang mungkin terjadi.


Kebijakan remunerasi di Bank Mandiri Taspen dirancang untuk       The remuneration policy at Bank Mandiri Taspen is designed
menarik talenta baru (attract new hires) serta mempertahankan     to attract new hires and retain existing employees (employee
pegawai yang ada (employee retention). Dengan kebijakan           retention). The implementation of the right policy is expected
yang tepat, diharapkan pegawai dapat terus termotivasi untuk      that employees can continuously be motivated to improve their
meningkatkan kinerja dan memberikan kontribusi optimal demi       performance and provide optimal contributions to achieve the
mencapai tujuan perusahaan.                                       Company’s goals.



Program Pensiun                                                   Pension Program

Bank mengikutsertakan pegawainya dalam program pensiun            The Bank enrolls its employees in a pension program through
melalui Badan Penyelenggara Jaminan Sosial Ketenagakerjaan        the Employment Social Security Administration Agency (BPJS
(BPJS TK) yang telah disetorkan dengan rincian sebagai berikut:   TK) which has been deposited with the following details:
1. Iuran Pensiun yang menjadi beban pegawai sebesar 1%            1. Retirement contributions that are paid by employees are
    (satu persen) dari gaji pokok (Base Salary).                      1% (one percent) of the base salary.
2. Iuran Pensiun yang menjadi beban perusahaan sebesar 2%         2. Pension contributions which are paid by the company are
    (dua persen) dari gaji pokok (Base Salary).                       2% (two percent) of the base salary.


Bank juga telah mencadangkan kewajiban pasca kerja kepada         The bank has also reserved post-employment obligations for
pegawai, cadangan pasca kerja ini ditempatkan di Dana             employees, these post-employment reserves are placed in
Pensiun Lembaga Keuangan dan pos cadangan internal bank.          the Financial Institution Pension Fund and the bank’s internal
                                                                  reserve post.




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System and Infrastructure Human Capital
System and Infrastructure Human Capital


Sistem dan infrastruktur Human Capital merupakan elemen          Human Capital systems and infrastructure are fundamental
fundamental dalam mendukung keberhasilan perusahaan              elements in supporting the success of companies in facing the
dalam menghadapi dinamika bisnis yang terus berkembang.          dynamics of business that continue to grow. Effective Human
Pengelolaan Human Capital yang efektif membutuhkan               Capital management requires integrated policies, processes,
kebijakan, proses, dan teknologi yang terintegrasi, mencakup     and technologies, covering the entire employee work cycle,
seluruh siklus kerja pegawai, mulai dari perekrutan,             from recruitment, development, to talent retention in the
pengembangan, hingga retensi talenta dalam organisasi.           organization. In line with efforts to improve human resource
Sejalan dengan upaya peningkatan kapabilitas sumber daya         capabilities, the personnel system has been developed
manusia, sistem kepegawaian telah dikembangkan secara            gradually and will continue to be refined to meet the needs of
bertahap dan akan terus mengalami penyempurnaan guna             dynamic organizations. Currently, the available systems cover
memenuhi kebutuhan organisasi yang dinamis. Saat ini, sistem     various important aspects of employee management, including
yang tersedia telah mencakup berbagai aspek penting dalam        attendance, leave applications, resignation processes, overtime
pengelolaan pegawai, termasuk absensi, pengajuan cuti,           claims, reimbursements, and other administrative services that
proses pengunduran diri, klaim lembur, reimbursement, serta      support work effectiveness.
layanan administratif lainnya yang mendukung efektivitas
kerja.


Selain penguatan sistem, perusahaan juga telah menyiapkan        In addition to strengthen the system, the Company has also
infrastruktur yang mendukung pengembangan pegawai.               prepared infrastructure that supports employee development.
Learning Center yang berlokasi di Denpasar telah beroperasi      The Learning Center located in Denpasar has been operated
sejak tahun 2023 dan terus dikembangkan untuk meningkatkan       since 2023 and is continuously developed to improve
efektivitas pembelajaran. Sebagai bagian dari strategi           learning effectiveness. As part of its development strategy,
pengembangan, perusahaan juga mengimplementasikan                the Company also implemented an e-learning platform that
e-learning yang memungkinkan pegawai untuk mengakses             enabled employees to access learning materials flexibly.
materi pembelajaran secara fleksibel.


E-learning ini mencakup modul self-learning yang berfokus        This e-learning includes self-learning modules that focus
pada pengetahuan penting, seperti contoh Anti Pencucian          on essential knowledge, such as examples of Anti-Money
Uang dan Pencegahan Pendanaan Terorisme (APU PPT),               Laundering and Countering the Financing of Terrorism
serta penerapan Pelindungan Data Pribadi (PDP). Dengan           (APU PPT) as well as the implementation of Personal Data
pendekatan ini, perusahaan berkomitmen untuk meningkatkan        Protection (PDP). Implementing this approach, the Company
literasi dan kepatuhan pegawai terhadap regulasi yang relevan.   commits to improve employee literacy and compliance with
                                                                 relevant regulations.


Dengan adanya peningkatan sistem dan infrastruktur Human         Having the improvement of the Human Capital system and
Capital ini, perusahaan optimis bahwa kualitas dan kapabilitas   infrastructure, the Company is optimistic that the quality and
pegawai akan terus berkembang, sehingga dapat memberikan         capabilities of employees will continuously grow, so that
kontribusi optimal bagi organisasi. Sistem dan infrastruktur     they can provide optimal contributions to the organization.
Human Capital yang solid menjadi fondasi utama bagi              A solid Human Capital system and infrastructure are the key
perusahaan dalam mencapai kesuksesan jangka panjang di           foundation for the Company in achieving long-term success
tengah perubahan bisnis yang dinamis.                            amidst dynamic business changes.




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Internalisasi Budaya
Culture Internalization


Bank Mandiri Taspen terus meneguhkan komitmen dalam               Bank Mandiri Taspen continued to strengthen its commitment
membangun budaya perusahaan yang kuat, relevan, dan               to building a strong, relevant, and sustainable corporate
berkelanjutan. Pada Oktober 2025, Bank Mandiri Taspen             culture. In October 2025, the Bank officially launched The
resmi meluncurkan The Mantap Ways sebagai unique                  Mantap Ways as its unique cultural identity, serving as a
characteristic budaya perusahaan yang menjadi pedoman             behavioral guideline for all employees. The Mantap Ways was
perilaku bagi seluruh insan perusahaan. The Mantap Ways           designed to reinforce a culture that is not only value-based but
hadir untuk memperkuat budaya perusahaan yang tidak hanya         also reflected in daily work practices. The values are embodied
berlandaskan nilai, tetapi juga terwujud dalam perilaku nyata     in five core characteristics:
di setiap aktivitas pekerjaan. Nilai The Mantap Ways tercermin
melalui 5 (lima) karakter utama, yaitu:




    Do The Right
                               Think Smart,                   Act                  Collaborate                 Customer
     Thing, The
                               Fast & Detail              Innovatively              for Result               First, Always
     Right Way




Sepanjang tahun 2025, internalisasi The Mantap Ways               Throughout 2025, the internalization of The Mantap Ways
dilakukan secara terstruktur dan berkelanjutan melalui            was carried out in a structured and continuous manner through
berbagai inisiatif yang mencakup komunikasi, edukasi, aktivasi,   various initiatives, including communication, education,
serta penguatan implementasi budaya di seluruh unit kerja.        activation, and reinforcement across all work units. To ensure
Untuk memastikan implementasi budaya berjalan secara              effective and consistent implementation, Bank Mandiri Taspen
efektif dan konsisten, Bank Mandiri Taspen membentuk peran        established the roles of Culture Captain and Culture Agent as
Culture Captain dan Culture Agent sebagai penggerak utama         key drivers of corporate culture.
budaya di unit kerja.


Di tahun 2025, telah ditunjuk dan dilantik 34 Culture Captain     In 2025, a total of 34 Culture Captains and 94 Culture
dan 94 Culture Agent. Culture Captain terdiri dari jajaran        Agents were appointed and inaugurated. Culture Captains,
pimpinan yang memiliki peran strategis dalam memberikan           consisting of leadership-level personnel, played a strategic
arah, memastikan keselarasan dengan strategi perusahaan,          role in providing direction, ensuring alignment with corporate
serta melakukan monitoring atas implementasi budaya di            strategy, and monitoring cultural implementation within their
masing-masing unit kerja. Sedangkan Culture Agent berperan        respective units. Meanwhile, Culture Agents were responsible
dalam menginternalisasikan nilai dalam keseharian, mendorong      for embedding values into daily activities, encouraging
keterlibatan pegawai, serta menginisiasi dan menjalankan          employee engagement, and initiating culture programs tailored
program budaya yang disesuaikan dengan kebutuhan dan              to each unit’s needs.
karakteristik unit kerja.


Sejalan dengan penguatan peran tersebut, internalisasi The        The internalization efforts were further strengthened through
Mantap Ways juga dilakukan melalui berbagai program               various culture activation programs that promoted active
aktivasi budaya yang mendorong keterlibatan aktif pegawai         employee participation and fostered work habits aligned with




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serta pembentukan kebiasaan kerja yang selaras dengan              corporate values. One key initiative was the Risk Awareness
nilai perusahaan. Salah satu implementasi yang dilakukan           Program, implemented across all work units. This program
adalah melalui Risk Awareness Program yang dilaksanakan            reinforced the value of Do the Right Thing, the Right Way
oleh seluruh pegawai di unit kerja. Program ini memperkuat         by encouraging employees to proactively identify, understand,
penerapan nilai Do the Right Thing, the Right Way                  and manage risks, thereby fostering a culture of integrity,
dalam mendorong pegawai untuk lebih proaktif dalam                 compliance, and prudence.
mengidentifikasi, memahami, dan mengelola risiko dalam
setiap aktivitas kerja, sehingga tercipta budaya kerja yang
menjunjung tinggi integritas, kepatuhan, dan prinsip kehati-
hatian.


Upaya peningkatan kompetensi juga dilakukan secara                 Competency development was also continuously enhanced
berkelanjutan melalui kegiatan Morning Briefing yang menjadi       through Morning Briefing sessions, serving as regular learning
sarana pembelajaran rutin bagi seluruh pegawai. Di tahun           platforms for employees. In 2025, a total of 32 materials were
2025, terdapat 32 materi yang sudah disampaikan melalui            delivered through these sessions. This program supported
kegiatan Morning Briefing. Program ini mendukung penguatan         the value of Think Smart, Fast, and Detail, encouraging
nilai Think Smart, Fast, and Detail, dengan mendorong              employees to adopt responsive, solution-oriented thinking
pegawai untuk memiliki pola pikir yang responsif, solutif, serta   while maintaining accuracy in their work.
tetap mengedepankan ketelitian dalam menjalankan tugas.


Budaya inovasi terus dikembangkan melalui program Mantap           An innovation-driven culture was cultivated through the
Innovation (MOTION) sebagai wadah bagi pegawai untuk               Mantap Innovation (MOTION) program, which served as a
menyampaikan ide dan solusi perbaikan. Program ini menjadi         platform for employees to submit ideas and improvement
representasi dari nilai Act Innovatively, di mana setiap pegawai   solutions. This initiative represented the value of Act
didorong untuk berkontribusi secara aktif dalam menciptakan        Innovatively, encouraging employees to actively contribute
inovasi yang memberikan nilai tambah bagi perusahaan. Pada         innovations that add value to the organization. In 2025, a total
tahun 2025, total Idea Submission MOTION kategori New Idea         of 147 new ideas were submitted under the MOTION program,
yaitu 147 ide yang mencerminkan tingginya partisipasi dan          reflecting strong participation and an innovative spirit among
semangat inovasi dari seluruh pegawai.                             employees.


Penguatan sinergi dan kolaborasi lintas fungsi diwujudkan          Strengthening cross-functional synergy and collaboration
melalui penyelenggaraan Forum Kadiv sebagai wadah                  was achieved through the Forum Kadiv, a strategic forum for
strategis bagi para pimpinan untuk berdiskusi, menyelaraskan       leaders to discuss, align direction, and formulate actions to
arah, serta merumuskan langkah-langkah yang mendukung              support corporate performance. Throughout 2025, the Forum
pencapaian kinerja perusahaan. Sepanjang tahun 2025, Forum         Kadiv was conducted three times. This forum embodied the
Kadiv telah dilaksanakan sebanyak 3 (tiga) kali. Forum ini         value of Collaborate for Result, where collaboration extended
mencerminkan nilai Collaborate for Result, di mana kolaborasi      beyond execution into the decision-making process itself.
tidak hanya terjadi dalam pelaksanaan, tetapi juga dalam
proses pengambilan keputusan.


Selaras dengan upaya membangun kebersamaan dan                     In line with efforts to build togetherness and engagement,
engagement, setiap Jumat dilaksanakan kegiatan Culture             Culture Day is held every Friday. This program provides
Day atau hari budaya. Program ini memberikan ruang bagi            space for employees to interact in a more relaxed yet
pegawai untuk berinteraksi dalam suasana yang lebih santai         productive atmosphere. Various activities are organized,
namun tetap produktif. Berbagai kegiatan diselenggarakan,          including fun games, sports, and mutual appreciation, which
antara lain fun games, olahraga, saling memberikan apresiasi,      foster team harmony and cohesion. In addition, joint activities
yang mendorong keharmonisan dan kekompakan tim. Selain             with customers such as Senam Sehat Bersama Mantap and
itu, kegiatan bersama nasabah seperti Senam Sehat Bersama          Mantapreneur programs are also conducted to strengthen
Mantap atau agenda Mantapreuner, juga turut diadakan               relationships and enhance the service experience.
untuk mempererat hubungan dan meningkatkan pengalaman
layanan.




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Komitmen dalam menempatkan nasabah sebagai prioritas              The commitment to placing customers as the top priority
utama turut diperkuat melalui program Grebek MOVIN.               is further reinforced through the Grebek MOVIN program.
Sepanjang tahun 2025, program ini telah dilaksanakan              Throughout 2025, this program was conducted five times as an
sebanyak 5 (lima) kali sebagai upaya mendorong pegawai            effort to encourage employees to directly use and understand
untuk menggunakan dan memahami produk serta layanan               the Company’s products and services. Through this approach,
perusahaan secara langsung. Melalui pendekatan ini, pegawai       employees not only build loyalty to the Company but are also
tidak hanya membangun loyalitas terhadap perusahaan, tetapi       able to provide more relevant and convincing recommendations
juga mampu memberikan rekomendasi yang lebih relevan dan          to customers, thereby strengthening the implementation of the
meyakinkan kepada nasabah, sehingga semakin memperkuat            Customer First, Always value in every service interaction.
implementasi nilai Customer First, Always dalam setiap
interaksi layanan.


Dengan berbagai program internalisasi budaya yang telah           With the various cultural internalization programs implemented
dijalankan sepanjang tahun 2025, The Mantap Ways                  throughout 2025, The Mantap Ways has demonstrated a good
menunjukkan tingkat penerapan yang baik di lingkungan Bank        level of adoption within Bank Mandiri Taspen. This is reflected
Mandiri Taspen. Hal ini tercermin dari indeks penerapan budaya    in a culture implementation index of 81.30, indicating that
yang mencapai 81,30, yang mengindikasikan bahwa meskipun          although it is a relatively new culture, its values have been
merupakan budaya yang relatif baru diluncurkan, nilai-nilainya    understood, accepted, and consistently implemented by all
telah dipahami, diterima, dan mulai diimplementasikan secara      employees.
konsisten oleh seluruh pegawai.


Secara lebih rinci, nilai Do the Right Thing, the Right Way       In more detail, the value of Do the Right Thing, the Right Way
mencapai 78,94, yang menunjukkan bahwa penguatan aspek            achieved 78.94, showing that strengthening integrity and
integritas dan kepatuhan terus menjadi perhatian utama.           compliance remains a key focus. Meanwhile, Think Smart,
Selanjutnya, nilai Think Smart, Fast, and Detail mencatatkan      Fast, and Detail recorded 84.71, reflecting employees’ ability
capaian sebesar 84,71, mencerminkan kemampuan pegawai             to think responsively, solution-oriented, and with attention to
dalam berpikir responsif, solutif, dan detail dalam menjalankan   detail. The value of Act Innovatively reached 80.32, indicating
tugas. Nilai Act Innovatively berada pada angka 80,32,            the growing culture of innovation in the workplace.
yang menggambarkan mulai tumbuhnya budaya inovasi di
lingkungan kerja.


Penguatan kolaborasi tercermin dalam nilai Collaborate for        Strengthening collaboration is reflected in Collaborate for
Result yang mencapai 84,13, menunjukkan sinergi yang              Result, which achieved 84.13, demonstrating improved
semakin baik antar unit kerja dalam mencapai tujuan bersama.      synergy among work units in achieving shared goals.
Sementara itu, nilai Customer First, Always mencapai 79,39,       Meanwhile, Customer First, Always reached 79.39, indicating
yang menunjukkan bahwa orientasi terhadap nasabah terus           that customer orientation continues to be enhanced as part of
ditingkatkan sebagai bagian dari komitmen perusahaan dalam        the Company’s commitment to delivering the best service.
memberikan layanan terbaik.


Capaian ini menjadi indikasi bahwa internalisasi The Mantap       These achievements indicate that the internalization of
Ways telah berjalan dengan baik dan mulai mengakar dalam          The Mantap Ways has been successfully implemented and
perilaku kerja sehari-hari, serta menjadi fondasi yang kuat       has begun to take root in daily work behavior, forming a
dalam mendukung peningkatan kinerja dan transformasi              strong foundation to support performance improvement and
perusahaan secara berkelanjutan.                                  sustainable corporate transformation.




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Keterbukaan Informasi Kepada Pegawai
Disclosure of Information to Employees


Dalam rangka mendukung transparansi dan keterbukaan               In supporting transparency and information disclosure to all
informasi kepada seluruh pegawai, Bank Mandiri Taspen secara      employees, PT Bank Mandiri Taspen consistently implements
konsisten menghadirkan berbagai inisiatif komunikasi internal     various structured and accessible internal communication
yang terstruktur dan mudah diakses. Upaya ini bertujuan untuk     initiatives. These efforts are aimed at ensuring that all
memastikan setiap insan perusahaan memperoleh informasi           employees obtain accurate, relevant, and timely information,
yang akurat, relevan, dan tepat waktu, sehingga dapat             thereby supporting work effectiveness as well as decision-
mendukung efektivitas kerja serta pengambilan keputusan           making aligned with the Company’s strategic direction.
yang selaras dengan arah strategis perusahaan.


Salah satu inisiatif utama yang dijalankan adalah GEMAR-i         One of the key initiatives implemented is GEMAR-i (Gerakan
(Gerakan Mantap Squad Sadar Informasi) sebagai media              Mantap Squad Sadar Informasi), an internal communication
komunikasi internal yang dirancang untuk membangun                medium designed to foster an information-aware culture
budaya sadar informasi di lingkungan kerja. Melalui platform      within the workplace. Through platforms such as Microsoft
seperti Microsoft Outlook dan Microsoft Teams, program ini        Outlook and Microsoft Teams, this program ensures that
memastikan penyampaian informasi perusahaan dilakukan             corporate information is delivered consistently, clearly, and
secara konsisten, mudah dipahami, serta menjangkau seluruh        comprehensively to all employees. The materials disseminated
pegawai. Materi yang disampaikan mencakup berbagai topik          cover various strategic topics, including ESG, leadership, risk
strategis, antara lain ESG, leadership, risk awareness, program   awareness, new programs and products, regulatory changes, as
dan produk baru, perubahan ketentuan, hingga informasi            well as other important information. Throughout 2025, a total
penting lainnya. Selama tahun 2025, tercatat sebanyak             of 147 information updates were delivered through GEMAR-i,
147 informasi telah disampaikan melalui GEMAR-i, yang             reflecting the Company’s commitment to maintaining an active
mencerminkan komitmen perusahaan dalam menjaga arus               and sustainable flow of information.
informasi yang aktif dan berkelanjutan.


Selain itu, Bank Mandiri Taspen juga menghadirkan platform        In addition, PT Bank Mandiri Taspen also introduced the HC
HC Helpdesk melalui aplikasi MASDA (Mantap Service Desk           Helpdesk platform through the MASDA (Mantap Service
Application) sebagai sarana layanan internal yang terintegrasi    Desk Application) as an integrated internal service channel to
untuk mendukung kebutuhan kepegawaian. Platform ini               support employee-related needs. This platform was developed
dikembangkan guna membangun budaya layanan internal               to establish a disciplined, transparent, and measurable internal
yang tertib, transparan, dan terukur. Sejak diluncurkan pada      service culture. Since its launch on March 12, 2025 through
12 Maret 2025 hingga 31 Desember 2025, HC Helpdesk telah          December 31, 2025, the HC Helpdesk has recorded a total
mencatatkan sebanyak 340 tiket layanan yang terdiri dari          of 340 service tickets, consisting of inquiries/information,
inquiry/information, request, serta complaint/konsultasi, yang    requests, and complaints/consultations, indicating a high
menunjukkan tingginya pemanfaatan layanan serta kebutuhan         level of utilization and strong employee demand for fast and
pegawai terhadap akses informasi dan layanan yang cepat dan       responsive access to information and services.
responsif.


Melalui berbagai inisiatif tersebut, Bank Mandiri Taspen terus    Through these initiatives, PT Bank Mandiri Taspen continues to
memperkuat komitmen dalam menciptakan lingkungan kerja            strengthen its commitment to fostering an open, informative,
yang terbuka, informatif, dan transparan, sehingga mampu          and transparent working environment, thereby enhancing
meningkatkan keterlibatan pegawai sekaligus mendukung             employee engagement while supporting overall organizational
kinerja organisasi secara keseluruhan                             performance.




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Struktur Pengelola Sumber Daya Manusia
Structure of Human Resource Management



                                                             Direktur
                                                          Compliance & HR
                                                            Director of
                                                          Compliance & HR




                                                           Human Capital




                                                                                           Executive &
    HC Strategy &         HC Employee            HC Culture          HC Learning &
                                                                                          Non Employee
       Policy              Experience           Environment          Development
                                                                                          Management



                                                                                                                HC Business
                                                                                                                  Partner




Sebagai bagian dari strategi perusahaan dalam menciptakan           As part of the company’s strategy in creating a productive and
lingkungan kerja yang produktif dan berkelanjutan, Divisi           sustainable work environment, the Human Capital Division
Human Capital berperan penting dalam mengelola dan                  plays an important role in managing and developing human
mengembangkan sumber daya manusia (SDM). Dengan                     resources (HR). With an integrated organizational structure,
struktur organisasi yang terintegrasi, Divisi Human Capital         the Human Capital Division ensures that every HR policy and
memastikan bahwa setiap kebijakan dan inisiatif SDM selaras         initiative is aligned with the company’s vision to provide the
dengan visi perusahaan untuk memberikan layanan terbaik             best service to customers.
kepada nasabah.


Divisi Human Capital terdiri dari lima departemen utama:            Human Capital Division consists of five main departments:
1. HC Strategy & Policy – Bertanggung jawab dalam                   1. HC Strategy & Policy – Taking responsibility for designing
    merancang strategi dan kebijakan pengelolaan SDM untuk             HR management strategies and policies to support the
    mendukung pertumbuhan dan daya saing perusahaan.                   company’s growth and competitiveness.
2. HC Employee Experience – Berfokus pada peningkatan               2. HC Employee Experience – Focusing on improving
    pengalaman karyawan melalui program kesejahteraan,                 employee experience through welfare programs,
    keterlibatan, dan pengelolaan hubungan kerja.                      engagement, and work relationship management.
3. HC Culture Environment – Mengembangkan budaya kerja              3. HC Culture Environment – Developing a strong work
    yang kuat dan selaras dengan nilai-nilai perusahaan guna           culture that is aligned with company values to increase
    meningkatkan produktivitas dan loyalitas karyawan.                 employee productivity and loyalty.
4. HC Learning & Development – Menyediakan program                  4. HC Learning & Development – Providing training and
    pelatihan dan pengembangan bagi karyawan untuk                     development programs for employees to improve their
    meningkatkan kompetensi serta kesiapan menghadapi                  competence and readiness to face industry challenges.
    tantangan industri.
5. Executive & Non-Employee Management – Mengelola                  5. Executive & Non-Employee Management – Managing
    sumber daya manusia di tingkat eksekutif serta tenaga kerja        human resources at the executive level and non-
    non-pegawai untuk memastikan efektivitas operasional               employee workforce to ensure the company’s operational
    perusahaan.                                                        effectiveness.




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Sumber Daya Manusia
Human Capital




Selain itu, Human Capital Business Partner (HCBP) berperan         Additionally, Human Capital Business Partner (HCBP) acts
sebagai penghubung strategis antara kebijakan SDM dan              as a strategic liaison between HR policies and business needs
kebutuhan bisnis di berbagai unit kerja, memastikan bahwa          in various work units, ensuring that the implementation of
implementasi strategi SDM selaras dengan kebutuhan                 HR strategies is aligned with the needs of the organization
organisasi secara menyeluruh.                                      comprehensively.


Dengan struktur organisasi yang kuat dan strategi yang terarah,    Having a strong organizational structure and a focused
Divisi Human Capital terus berinovasi dalam membangun              strategy, the Human Capital Division continuously innovates in
tenaga kerja yang kompeten dan berdaya saing. Hal ini sejalan      building a competent and competitive workforce. It is in line
dengan komitmen perusahaan untuk memberikan pelayanan              with the Company’s commitment to provide the best service to
terbaik kepada nasabah serta menciptakan nilai tambah bagi         customers and create added value for stakeholders.
seluruh pemangku kepentingan/stakeholder.




Rencana Kerja Sumber Daya Manusia 2026
Human Capital Work Plan 2026



Rencana Kerja Human Capital 2026: Memperkuat Fondasi               Human Capital Work Plan 2026: Strengthening the
Melalui Strategi 3C                                                Foundation Through the 3C Strategy
Pada tahun 2026, Bank Mandiri Taspen menetapkan visi               In 2026, Bank Mandiri Taspen has set a vision of sustainable
pertumbuhan bisnis yang berkelanjutan (sustainable business        business growth. To support this objective, the Compliance
growth. Untuk mendukung pencapaian tersebut, Direktorat            & Human Resource Directorate plays a crucial role as a key
Compliance & Human Resource memainkan peran krusial                enabler through the implementation of the 3C Strategy:
sebagai enabler utama melalui implementasi Strategi 3C:            Capacity, Capability, and Culture. This strategy is designed
Capacity, Capability, dan Culture. Strategi ini dirancang untuk    to ensure organizational alignment, strengthen leadership
memastikan keselarasan organisasi, penguatan kompetensi            competencies, and embed a performance-oriented work
pimpinan, serta internalisasi budaya kerja yang berorientasi       culture.
pada kinerja.                                                      1. Capacity: Strengthening Organizational Structure and
1. Capacity: Penguatan Struktur dan Efektivitas Organisasi             Effectiveness
    Fokus utama pada aspek Capacity adalah membangun                   The primary focus of Capacity is to build an adaptive
    organisasi yang adaptif dan lincah (agile) dalam merespons         and agile organization capable of responding to market
    perubahan pasar. Bank menetapkan lima pilar organisasi             changes. The Bank establishes five organizational pillars as
    sebagai standar kerja: Align (penyelarasan peran), Efficient       working standards: Align (role alignment), Efficient (simple
    (proses kerja sederhana dan cepat), Right People & Skill           and fast processes), Right People & Skill (competent
    (SDM kompeten), Collaborative Structure (menghilangkan             human resources), Collaborative Structure (eliminating silo
    mentalitas silo), dan Agile Governance (keputusan cepat            mentality), and Agile Governance (fast decision-making
    dengan kewenangan jelas).                                          with clear authority).


    Langkah strategis yang dilakukan meliputi:                         Strategic initiatives include:
    • Penyelarasan Struktur: Memastikan ketersediaan dan               • Structural Alignment: Ensuring the availability and
       optimalisasi tim penjualan (lending & funding) untuk                optimization of sales teams (lending & funding) to
       mengeksekusi target bisnis secara presisi.                          execute business targets precisely.
    • Independensi & Tata Kelola: Menegakkan prinsip                   • Independence & Governance: Upholding Good
       Good Corporate Governance (GCG) melalui pemisahan                   Corporate Governance (GCG) principles through the
       fungsi pengawasan dan pengendalian risiko guna                      separation of oversight and risk control functions to
       menghindari konflik kepentingan.                                    avoid conflicts of interest.
    • Kolabirasi Lintas Fungsi: Menghilangkan tumpang                  • Cross-Functional            Collaboration:    Eliminating
       tindih fungsi untuk memperjelas batas tanggung                      overlapping functions to clarify responsibilities across
       jawab antar unit.                                                   units.




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                                                                                                      PT Bank Mandiri Taspen




2. Capability: Pengembangan Talenta dan Kepemimpinan             2. Capability: Sustainable Talent and Leadership
   Berkelanjutan                                                    Development
   Peningkatan kapasitas SDM difokuskan pada penguatan              Human capital capability development focuses on
   kompetensi teknis dan soft skill pimpinan di berbagai level      strengthening both technical and soft skills of leaders
   melalui MANTAP Academy dan TRUST Academy. Program                across all levels through MANTAP Academy and TRUST
   ini bertujuan mempercepat kesiapan top talent dalam              Academy. These programs aim to accelerate the readiness
   menduduki posisi manajerial yang berorientasi pada hasil.        of top talent to assume results-oriented managerial roles.


   Program pengembangan kepemimpinan (Leadership                    The Leadership Pipeline is structured into three main
   Pipeline) dibagi menjadi tiga tahapan utama:                     stages:

   •   Learn Faster (Leading Self): Mempercepat penguasaan          •   Learn Faster (Leading Self): Accelerating mastery of
       kemampuan inti kepemimpinan bagi level dasar.                    core leadership skills at the foundational level.
   •   Leap Forward (Leading Others): Mengakselerasi                •   Leap Forward (Leading Others): Enhancing the ability
       kemampuan memimpin tim dan menggerakkan kinerja.                 to lead teams and drive performance.
   •   Lead Beyond (Leading Function): Memperkuat                   •   Lead Beyond (Leading Function): Strengthening
       kepemimpinan level fungsional untuk memastikan                   functional-level leadership to ensure effective cross-
       koordinasi lintas unit dan eksekusi strategis berjalan           unit coordination and strategic execution.
       efektif.


   Selain itu, tiga atribut kepemimpinan yang wajib dimiliki        In addition, three key leadership attributes required for
   oleh setiap pimpinan cabang adalah Know the Business             branch leaders are: Know the Business: Understanding the
   (pemahaman ekosistem bank), Act with Excellence                  Bank’s ecosystem, Act with Excellence: Demonstrating
   (disiplin eksekusi), dan Care for People (membangun              disciplined execution, and Care for People: Building strong
   keterlibatan tim).                                               team engagement.


3. Culture: Internalisasi "The Mantap Ways" sebagai Driver       3. Culture: Internalizing “The Mantap Ways” as a
   Kinerja                                                          Performance Driver
   Budaya perusahaan "The Mantap Ways" diposisikan                  The corporate culture The Mantap Ways is positioned
   sebagai penggerak utama kinerja (performance driver)             as a key performance driver and source of competitive
   dan sumber keunggulan kompetitif. Strategi budaya tahun          advantage. The 2026 culture strategy includes three
   2026 mencakup tiga pilar implementasi:                           implementation pillars:
   • Align: Mengintegrasikan nilai-nilai The Mantap Ways            • Align: Integrating The Mantap Ways values into the
       ke dalam seluruh siklus HC, mulai dari rekrutmen,                entire Human Capital cycle, from recruitment and
       proses onboarding, hingga sistem penghargaan dan                 onboarding to reward systems and development.
       pengembangan.
   • Cultivate: Membudayakan perilaku inovatif melalui              •   Cultivate: Embedding innovative behavior through
       program Culture Camp, orientasi pimpinan, dan                    programs such as Culture Camp, leadership orientation,
       kompetisi inovasi (MOTION).                                      and innovation competitions (MOTION).
   • Thrive: Meningkatkan kesejahteraan dan keterlibatan            •   Thrive: Enhancing employee well-being and
       karyawan melalui dukungan profesional (EAP),                     engagement through professional support (EAP),
       perayaan     momen      nasional  untuk   memupuk                celebration of national moments to foster pride, and
       kebanggaan, serta penguatan Employer Branding                    strengthening employer branding through social
       melalui media sosial.                                            media.


Dengan sinergi antara kapasitas organisasi yang kokoh,           Through the synergy of strong organizational capacity, superior
kapabilitas talenta yang unggul, dan budaya kerja yang kuat,     talent capability, and a robust work culture, Bank Mandiri
Bank Mandiri Taspen optimis dapat mewujudkan pertumbuhan         Taspen is optimistic about achieving healthy and sustainable
bisnis yang sehat dan berkelanjutan di tahun 2026.               business growth in 2026.




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 Informasi




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                     Information
                     Technology




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Information Technology




Master Plan dan Inovasi Teknologi
Master Plan and Strategy of Information Technology


Untuk mendukung visi Bank Mandiri Taspen menjadi The                        To support the vision of PT Bank Mandiri Taspen to become a
Undisputed Leader in Indonesia’s Senior Citizen Financial                   The Undisputed Leader in Indonesia’s Senior Citizen Financial
Ecosystem dan Rencana Bisnis Bank, Bank secara konsisten                    Ecosystem and the Bank’s Business Plan, the Bank has
berkomitmen dalam IT Capital Expenditure pada tahun 2025                    consistently committed to IT Capital Expenditure in 2025 for
untuk inisiatif information technology (IT) sebesar 10% NPAT                information technology (IT) initiatives amounting to 10% of the
tahun sebelumnya. Hal ini merupakan cerminan dalam IT                       previous year’s NPAT. This commitment is reflected in the IT
Strategic Plan (ITSP) 2021-2025 yang telah diselaraskan                     Strategic Plan (ITSP) 2021–2025, which has been aligned with
dengan roadmap pada Corporate Plan menjadi ITSP 2021-                       the roadmap set out in the Corporate Plan and translated into
2025.                                                                       the ITSP 2021–2025.




  2021                                           2022                                                2023
                                                                  • Pengadaan Jasa Konsultasi
                                                                    Pendampingan NCBS                              • Kick Off Implementasi
                • Assessment Core Banking                           Procurement of NCBS                              NCBS
                  Existing untuk menuju                             Consulting Services                              NCBS Implementation
                  Digital Banking                                 • Pengembangan New                                 Kick Off
                  Assessment of Existing                            Mobile Banking (BI Fast,                       • Pengembangan MOVIN
                  Core Banking to transition                        Content Promotion,                               (Tarik Tunai Merchant,
                  towards Digital Banking                           Dashboard Histori                                Top up E-Wallet, Absensi
                • Implementasi awal Mobile                          Keuangan)                                        Pensiun
                  Banking                                           Development of New                               MOVIN Development
                  Initial Implementation of                         Mobile Banking (BI Fast,                         (Merchant Cash
                  Mobile Banking                                    Content Promotion,                               Withdrawal, E-Wallet Top
                • Optimalisasi operasional IT                       Financial History                                Up, Pension Attendance)
                  Security                                          Dashboard)                                     • Peningkatan Operasional
                  Optimization of IT Security                     • Review kebijakan terkait IT                      IT Security
                  Operations                                        Security                                         Enhancement of IT Security
                                                                    Review of IT Security                            Operations
                                                                    Policies




                         2025                                                 2024            • Development NCBS &
                                                                                                Peningkatan Infrastruktur
                                                                                                penunjang NCBS
                                      • Implementasi NCBS                                       NCBS Development &
                                        (MAESTRO)                                               Enhancement of Supporting
                                        NCBS Implementation                                     Infrastructure
                                        (MAESTRO)                                             • Pengembangan MOVIN
                                      • Pengembangan MOVIN                                      (E-Statement, Online
                                        (Fitur Aktivasi dan Ganti                               Onboarding, Block Kartu
                                        PIN Kartu ATM, Fitur                                    Debit, Top Up Prepaid)
                                        Autodebit, Fitur Liveness                               MOVIN Development
                                        pada Online Registration,                               (E-Statement, Online
                                        Improvement MOVIN)                                      Onboarding, Debit Card
                                        MOVIN Development (ATM                                  Block, Prepaid Top Up
                                        Card Activation & PIN                                 • Pengadaan Tools UI/UX PDP
                                        Change Feature, Autodebit                               Procurement of UI/UX PDP
                                        Feature, Liveness Feature                               Tools
                                        in Online Registration,                               • Pelaksanaan Digital
                                        MOVIN Improvement)                                      Maturity Assessment Bank
                                                                                                selama 2 periode
                                                                                                Digital Maturity Assessment
                                                                                                Implementation for the Bank
                                                                                                over 2 periods




                                         Gambar 1 Roadmap IT 2021 - 2025 / Figure 1 IT Roadmap 2021–2025




Transformasi Digital pada tahun 2025, Bank Mandiri Taspen                   As part of its digital transformation in 2025, PT Bank
telah mengimplementasikan new core banking system                           Mandiri Taspen has implemented a new core banking system
(Maestro). Beberapa value dari inisiatif ini, ketersediaan                  (Maestro). The key values derived from this initiative include
layanan perbankan 24x7, performance transaksi yang lebih                    the availability of 24x7 banking services, higher transaction
tinggi untuk antisipasi pertumbuhan bank secara eksponensial                performance to anticipate the Bank’s exponential growth in the
ke depan, dan keamanan perbankan yang lebih baik.                           future, and enhanced banking security.




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                                                                                                                     PT Bank Mandiri Taspen




Bank juga secara berkelanjutan melakukan inovasi pada                     The Bank also continuously undertakes innovations in its
platform mobile banking MOVIN by Bank Mandiri Taspen.                     mobile banking platform, MOVIN by Bank Mandiri Taspen.
Beberapa fitur unggulan yang telah diluncurkan sepanjang                  Several key features launched throughout 2025 include ATM
tahun 2025 seperti Aktivasi dan Ganti PIN Kartu ATM, Fitur                card PIN activation and reset, the autodebit feature, a liveness
Autodebet, Fitur Liveness pada Online Registration, dan                   feature for online registration, as well as improvements to
improvement untuk kehandalan stabilitas dan keamanan.                     system reliability, stability, and security.


Selama setahun terakhir Bank Mandiri Taspen memiliki                      Over the past year, PT Bank Mandiri Taspen has developed a
portfolio inovasi teknologi informasi (TI):                               portfolio of information technology (IT) innovations as follows:


                                           Inisiatif Strategis 2024-2025




    Core Banking System (CBS)                       Mobile Banking (MOVIN)                                 Infrastructure & Data Center

  • MAESTRO / New Core Banking                • E-Statement                                            • Load Balancer F5
    System                                    • Registrasi & Aktivasi Online                           • Automation Testing Tools
  • Termasuk dengan 44                        • Online Onboarding                                      • Storage dan Backup
    Surrounding Application System            • Top Up E-Money                                         • New Help Desk Management
                                              • Aktivasi dan Ganti PIN Kartu ATM                         System (MASDA)
                                              • Autodebet                                              • Patch Management Solution
                                              • Liveness pada Online Registration                      • Implementasi Digital Experience
                                                                                                         Dynatrace




              IT Security                         Risk & Operation Excellent                                    Credit & Payment

  • Attack Surface Management                 • Tools PDP                                              • Virtual Account
  • Anti DDoS & WAF                           • Fraud Detection System (FDS)                           • Lead Management System
  • Tools Enterprise Obfuscation              • Card Management System Cetak                             (NAVIGATOR)
  • Security Awareness Program                  Kartu Online Onboarding                                • MONA sebagai Loan Factory atau
    (SAP) Tools                                                                                          mesin pengembangan Aset Bank
  • Vulnerability Assessment Tools                                                                     • QRIS Acquirer




                                     Gambar 2 Porfolio Inovasi 2025 / Figure 3 2025 Innovation Portfolio




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Teknologi Informasi
Information Technology




Manajemen Infrastruktur & Ketahanan IT
Infrastructure Management & IT Resilience


Dalam menjaga ketahanan operasional layanan, Bank Mandiri                          To maintain operational service resilience, Bank Mandiri Taspen
Taspen telah memiliki Data Center dan Disaster Recovery                            has a Data Center and Disaster Recovery Center to maintain
Center untuk menjaga business continuity dan meminimalkan                          business continuity and minimize downtime in the event of a
downtime ketika terjadi bencana (disaster).                                        disaster.
• Implementasi high availability, sinkronisasi data, dan                           • The      implementation      of    high    availability, data
   backup recovery active data sudah terintegrasi dengan                               synchronization, and active data backup and recovery
   tools software management backup dan high availability.                             has been integrated with backup and high availability
                                                                                       management software tools.
•     Sinkronisasi data core banking sudah menggunakan                             • Core banking data synchronization uses integrated
      software yang terintegrasi.                                                      software.
•     Penerapan Software-Defined Wide Area Network                                 • The implementation of a Software-Defined Wide Area
      (SDWAN) di beberapa cabang untuk mendukung                                       Network (SDWAN) in several branches supports improved
      peningkatan performance dan keamanan dari IT network.                            IT network performance and security.
•     Beberapa area pada arsitektur jaringan Bank Mantap                           • Several areas in Bank Mantap's network architecture meet
      memenuhi High Availability Network Device.                                       High Availability Network Device requirements.
•     Penggunaan office device management dapat meningkatkan                       • The use of office device management can improve
      operasional dan keamanan dalam pengelolaan device di                             operational and security aspects of device management
      Bank Mandiri Taspen. Melalui pengelolaan device secara                           at Bank Mandiri Taspen. Through centralized device
      tersentralisasi, proses update, patching, dan maintenance                        management, device updates, patching, and maintenance
      device dapat dilakukan secara lebih efisien dan efektif.                         can be carried out more efficiently and effectively.




                                                                                                                                     Aspek-Aspek
           Reliability                  Availability                      Scalability                       Secured
                                                                                                                                  Service Quality pada
             24 x 7               Zero Downtime (99.9%)                IT Infrastructure           IT Infrastructure Security
                                                                                                                                    Infrastruktur TI

       Menjaga kehandalan           Menjaga ketersediaan             Fondasi Infrastruktur           Menjaga Operasional        • Responsiveness
    Operasional TI agar tetap     aplikasi dan infrastructure         TI guna memastikan            dengan Infrastruktur TI       Kecepatan merespond
             konsisten            TI pendukung agar dapat           terpenuhinya kapasitas               yang Aman                Layanan TI
    Maintaining the reliability    tersedia sesuai dengan            TI dalam mendukung             Maintaining operations        Speed in responding to
    of IT operations to ensure               SLA                       peningkatan bisnis               with secure IT            IT service requests
            consistency            Ensuring the availability          Building a strong IT              infrastructure          • Availability
                                        of applications            infrastructure foundation                                      Ketersediaan
                                      and supporting IT                to ensure capacity                                         Infrastruktur TI berupa
                                       infrastructure in            readiness in supporting                                       aplikasi, system,
                                    accordance with SLA                 business growth                                           jaringan untuk dapat
                                                                                                                                  berjalan sesuai
                                                                                                                                  dengan Service Level
                                                                                                                                  Agreement (SLA)
                                                                                                                                  Availability of IT
                                                                                                                                  infrastructure including
                                                                                                                                  applications, systems,
                                        Application                                                                               and networks in
     Application Database                                            Capacity Planning &             Patch Management
                                  Performance Monitoring                                                                          accordance with
      Server Replication                                             Replacement Server                    System
                                        End-to-End                                                                                the Service Level
                                                                                                                                  Agreement (SLA)
                                                                     Expansion of the                                           • IT Service Continuity
     Command Center & IT          Application Availability                                           Bankwide End-Point
                                                                   Rempoa Data Center –                                           Kemampuan untuk
         Helpdesk                       Dashboard                                                      Standardization
                                                                      Synergy BMRI                                                memulihkan layanan TI
                                                                                                                                  setelah terjadi insiden/
                                                                                                                                  bencana dan mengatasi
                                                                                                        Mobile Device             akar penyebab masalah
                                                                                                        Management                untuk mencegah
                                                                                                                                  terulangnya insiden.
                                                                                                                                  Ability to restore IT
                                                                                                                                  services after incidents/
                                                   Switchover uji DRP                      International Standard                 disasters and address
              IT Infrastructure
                                                   Aplikasi Very Critical &                ISO 27001 – DC Bali & DC               root causes to prevent
              Governance
                                                   Critical                                Proklamasi                             recurrence

                                     Gambar 3 Struktur Operation Management IT / Figure 3 IT Operation Management Structure



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Tata Kelola Teknologi Informasi
Information Technology Governance


Tata Kelola IT Bank Mandiri Taspen berfokus pada 3 (tiga) pilar   Bank Mandiri Taspen IT Governance focuses on 3 (three) main
utama yaitu:                                                      pillars, namely:
• People & Organization                                           • People & Organization
    Pembahasan terkait organisasi IT dan personil beserta              Discussion related to IT organization and personnel along
    kompetensi yang diperlukan.                                        with the required competencies.
• Process, Policy, & Procedure                                    • Process, Policy, & Procedure
    Pembahasan terkait alur proses yang mendukung tata                 Discussion related to process flows that support
    kelola seperti kebijakan, prosedur, standar dan organisasi         governance such as IT policies, procedures, standards and
    IT.                                                                organizations.
• IT Service & Risk Management                                    • IT Service & Risk Management
    Pembahasan terkait tata kelola IT pada penerapan                   Discussion related to IT governance in the implementation
    manajemen layanan IT dan pengelolaan risiko.                       of IT service management and risk management.


Dewan Komisaris dan Direksi senantiasa memastikan bahwa           The Board of Commissioners and the Board of Directors
risiko utama terkait teknologi informasi, termasuk gangguan       continuously ensure that key risks related to information
sistem, keamanan siber, dan pemulihan bencana, untuk              technology, including system disruptions, cybersecurity, and
memastikan bahwa risiko tersebut dikelola dan diintegrasikan      disaster recovery, are managed and integrated into the overall
ke dalam kerangka manajemen risiko secara keseluruhan.            risk management framework.



IT Security                                                       IT Security

Dalam menghadapi dinamika perkembangan teknologi                  In response to the dynamic development of digital technology
digital serta meningkatnya kompleksitas ancaman siber,            and the increasing complexity of cyber threats, the Bank
Bank senantiasa memperkuat pengamanan teknologi                   consistently strengthens its information technology security as
informasi sebagai bagian integral dari penerapan manajemen        an integral part of implementing risk management and good
risiko dan tata kelola perusahaan yang baik. Bank telah           corporate governance. The Bank has implemented a multi-
mengimplementasikan strategi pengamanan berlapis (defense         layered security strategy (defense in depth), in accordance with
in depth), yang sesuai dengan ketentuan regulator, serta          regulatory requirements, and implemented best practices (the
penerapan best practices (NIST Cyber Security Framework)          NIST Cyber ​​ Security Framework) and the ISO 27001:2022
dan standar ISO 27001:2022 yang mencakup perlindungan             standard, which encompasses protection for infrastructure,
terhadap infrastruktur, aplikasi, data, serta pengguna.           applications, data, and users. This approach is implemented
Pendekatan ini dilakukan melalui kombinasi pengendalian           through a combination of preventive, detective, and responsive
preventif, detektif, dan responsif guna memastikan                controls to ensure service continuity and protect the Bank's
keberlangsungan layanan serta perlindungan terhadap aset          information assets.
informasi Bank.




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Information Technology




Framework Manajemen Pengamanan Keamanan Siber
Cybersecurity Management Framework
Untuk mendorong bisnis yang berbasis digital menjaga keamanan data dan informasi Bank, maka telah dilakukan
implementasi dengan framework 3 Pilar Governance & Awareness, Protection, Operations:
To support digital-driven business operations and safeguard the Bank’s data and information security, imaplementation has been
carried out based on the Three-Pillar Framework: Governance & Awareness, Protection, and Operations:


  Governance & Awareness                        Protection                                Operation
                                                                                                                                             1
                                                                                                                                    CONFIDENTIALITY



                                                                                                                                         Information
                                                                                                                                           Security
    Pemenuhan atas program                Memperkuat proteksi                     Meningkatkan proteksi                         2                      3
 security awareness dan standar         keamanan siber dengan                  sistem untuk memonitor dan                    INTEGRITY            AVAILABILITY

    prosedur (policy, security)         memanfaatkan teknologi                     mencegah risiko siber
 Ensuring the implementation of      tools best practice terkini dan          Enhancing system protection to             Prinsip Keamanan Informasi
  security awareness programs             relevan dengan Bank                 monitor and prevent cyber risks           Information Security Principles
    and standard procedures           Strengthening cybersecurity
         (policy, security)          protection by leveraging best-                                                    • Confidentiality
                                     practice technologies and tools                                                     Menjaga kerahasiaan data
                                           relevant to the Bank                                                          dan akses ke informasi
                                                                                                                         Ensuring the confidentiality
        Peningkatan Awareness                 Endpoint (PC/Laptop)                       Security Operation              of data and access to
               Pegawai                              Security                           Center (SOC) Cyber Drill          information
                                                                                                                       • Integrity
                                              Infrastructure (Server)                     Security Operation             kualitas dari setiap data
             Security Policy                                                              Center (SOC) SIEM
                                                      Security                                                           untuk menjaga integritas
                                                                                         (Detect & Response)             sebuah data
            Peningkatan Skill                 Perimeter & Network                                                        Ensuring the accuracy and
                Pegawai                             Security                           Back up & Recovery Plan           reliability of data to maintain
                                                                                                                         its integrity
                                                                                                                       • Availability
                                              Applications Security
                                                                                                                         ketersediaan bahwa
                                                                                                                         aplikasi, sistem, jaringan,
                                                 Identity & Access                                                       dan sebagainya harus
                                                   Management                                                            dipastikan dapat diakses
                                                                                                                         ketika dibutuhkan dan juga
                                                      Data Security                                                      harus dapat berjalan dengan
                                                                                                                         semestinya.
                                                                                                                         Ensuring that applications,
                                                                                                                         systems, networks, and
                                  Security Maturity           International                Simulasi Adversarial          related infrastructure are
        Internal & External       Level Standard              Standard                     Attack Simulation             accessible when needed and
        Audit Control Testing     Nasional dan                ISO 27001 – DC Bali          Exercise - Konsultan
                                  Internasional               & DC Proklamasi              Independen External
                                                                                                                         operate properly



Peran pengamanan tidak hanya berfokus pada Unit Pengendali                          The security role is not solely focused on the Security Control
keamanan, namun peran seluruh seluruh karyawan. Bank                                Unit, but also encompasses the role of all employees. The
juga secara berkelanjutan meningkatkan kapabilitas dalam                            Bank also continuously enhances its capabilities in detecting
mendeteksi dan merespons ancaman siber melalui penguatan                            and responding to cyber threats by strengthening its security
fungsi pemantauan keamanan (security monitoring),                                   monitoring function, enhancing the capacity of its information
peningkatan kapasitas tim keamanan informasi, peningkatan                           security team, enhancing cyber risk awareness among all
kesadaran risiko siber seluruh karyawan serta pemanfaatan                           employees, and utilizing the latest technology to support
teknologi terkini dalam mendukung analisis ancaman secara                           proactive threat analysis.
proaktif.


Seluruh implementasi pengamanan teknologi informasi                                 All information technology security implementations adhere
menerapkan 3 (tiga) pilar dengan prinsip keamanan informasi                         to three pillars based on the information security principles
yaitu Confidential, Integrity, & Availability (CIA) yang menjadi                    of Confidentiality, Integrity, & Availability (CIA), which are key
key success factor dalam melakukan keamanan dan penguatan                           success factors in securing and strengthening information
teknologi informasi untuk keberlangsungan operasional dan                           technology for the Bank's operational and business continuity.
bisnis Bank, yaitu dengan pilar Governance & Awareness,                             These pillars are Governance & Awareness, Protection,
Protection, Operations (GPO) dengan penjelasan sebagai                              Operations (GPO), as explained below:
berikut:
A. Governance & Awareness                                                           A. Governance & Awareness
    Bank melakukan tindakan berkelanjutan untuk memperkuat                             The Bank takes ongoing action to strengthen governance
    tata kelola dan aspek people dalam pengamanan informasi                            and the people aspect of information security through




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                                                                                                      PT Bank Mandiri Taspen




   melalui program security awareness dan penerapan tata            security awareness programs and the implementation of
   kelola keamanan informasi.                                       information security governance.

   1. Pemenuhan Security Policy merujuk kepada Peraturan            1. Compliance with the Security Policy refers to
        Regulator, best practice international/nasional yang           Regulatory Regulations, relevant and updated
        relevan dan update (comply), serta Sinergi dengan              international/national best practices, and synergy with
        Perusahaan Induk (Bank Mandiri) untuk memenuhi                 the Parent Company (Bank Mandiri) to meet minimum
        standar minimum requirement security.                          security requirements.
   2. Menyediakan sumber daya manusia (SDM) yang                    2. Providing human resources (HR) with adequate
        memiliki kompetensi yang memadai, serta relevan                competencies, relevant and updated according to
        dan update sesuai dengan kebutuhan Bank, dengan                the Bank's needs, through professional competency
        program sertifikasi kompetensi profesional (seperti            certification programs (such as: Lead Implementer
        sertifikasi: Lead Implementer ISO/IEC 27001:2022;              ISO/IEC 27001:2022; Certified Ethical Hacker (CEH);
        Certified Ethical Hacker (CEH); Certified Fundamentals         Certified Fundamentals in Cybersecurity, etc.).
        in Cybersecurity, dan sebagainya).
3. Bank mengimplementasikan budaya keamanan informasi            3. The Bank implements an information security culture for all
   kepada seluruh pegawai melalui, campaign security                employees through regular security awareness campaigns,
   awareness rutin melalui, email blast, video, kuis, poster        including email blasts, videos, quizzes, posters, and
   dan phising simulation drill.                                    phishing simulation drills.
4. Pelaksanaan Security Awareness juga diberikan kepada          4. Security Awareness training was also provided to
   jajaran top management (Board of Directors dan Board of          top management (Board of Directors and Board
   Commissioners) dengan tema “Penguatan Operasional,               of Commissioners) with the theme "Strengthening
   Keamanan Transaksi, dan Aktivasi Digital Banking melalui         Operations, Transaction Security, and Digital Banking
   Perspektif IT & Operasional” dengan narasumber Bapak Dr.         Activation through an IT & Operational Perspective." The
   Dodit Wiweko Probojakti, SE., Ak., MBA selaku Ex. Director       session, presented by Dr. Dodit Wiweko Probojakti, SE.,
   of IT Consumer Business & Distribution Network Bank              Ak., MBA, Former Director of IT, Consumer Business &
   serta Bapak Agus Supriyatna selaku Ex. Division Head             Distribution Network, Bank, and Mr. Agus Supriyatna,
   Information System Technology Bank, yang dilaksanakan            Former Division Head of Information System Technology,
   pada 14 Mei 2025 di DoubleTree by Hilton, Jakarta.               Bank, was held on May 14, 2025, at DoubleTree by Hilton,
                                                                    Jakarta.




5. Melakukan pengukuran secara mandiri terkait maturity          5. Conducting independent cyber maturity assessments
   siber berdasarkan regulator, best practices serta                based on regulators and best practices, and ensuring the
   memastikan implementasi tata kelola yang baik berjalan           ongoing implementation of good governance.
   secara berkelanjutan.



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Teknologi Informasi
Information Technology




6. Selain kesadaran risiko siber, Bank Mandiri Taspen            6. In addition to cyber risk awareness, Bank Mandiri Taspen
   melakukan pelaksanaan pengujian berbasiskan skenario             conducted scenario-based testing (tabletop exercises)
   (table top exercise) melibatkan top management (board            involving top management (board of directors) overseeing
   of directors) yang membawahi teknologi informasi dan             information technology and risk management to assess the
   Risiko Manajemen guna menguji kesiapan organisasi                organization's readiness to face emergencies, particularly
   dalam menghadapi kondisi darurat, khususnya insiden              cybersecurity incidents and critical operational disruptions,
   keamanan siber dan gangguan operasional kritikal serta           and to raise awareness that cybersecurity is a shared
   meningkatkan kesadaran bahwa keamanan siber adalah               responsibility, not just the IT team.
   tanggung jawab bersama, bukan hanya tim IT.




7. Workshop pembekalan Tim Tanggap Insiden Siber                 7. Workshops to equip the Cyber ​​Incident Response Team
   (TTIS)/Computer Security Incident Response Team                  (TTIS)/Computer Security Incident Response Team
   (CSIRT) bersama Lembaga dan Instansi berkaitan, seperti          (CSIRT) with relevant institutions and agencies, such as
   workshop bersama Badan Siber dan Sandi Negara (BSSN)             a workshop with the National Cyber and ​​  Crypto Agency
   dalam agenda untuk meningkatkan efektivitas dan efisiensi        (BSSN), to improve the effectiveness and efficiency of
   operasional pengelolaan insiden siber dengan pengukuran          cyber incident management operations by measuring the
   Tingkat Maturitas Penangan Insiden (TMPI) serta dalam            Incident Handling Maturity Level (TMPI) and to enhance
   meningkatkan koordinasi dan komunikasi intensif dalam            coordination and intensive communication in sharing
   berbagi informasi keamanan siber dalam kegiatan Forum            cybersecurity information within the TTIS Forum for the
   TTIS Sektor Keuangan, Perdagangan dan Pariwisata.                Financial, Trade, and Tourism Sectors.
   - National Cyber Exercise - Indonesia Cross-Sectoral             - National Cyber ​​   Exercise - Indonesia Cross-Sectoral
       Cyber Exercise Malware Stealer Scenario                          Cyber Exercise
                                                                               ​​       Malware Stealer Scenario
   - Cyber Excercise Cyber Web Defacement                           - Cyber ​​Exercise Cyber ​​Web Defacement


B. Protection                                                    B. Protection
   Pada area Protection, Bank menerapkan berbagai                   In the Protection area, the Bank implements various
   langkah pengamanan preventif guna melindungi sistem,             preventative security measures to safeguard systems,
   jaringan, aplikasi, dan data dari potensi ancaman. Strategi      networks, applications, and data from potential threats.
   perlindungan dilakukan melalui pendekatan berlapis               The protection strategy is implemented through a layered
   (defense in depth) yang mencakup:                                approach (defense in depth), which includes:
   1. Endpoint (PC/Laptop) Security                                 1. Endpoint (PC/Laptop) Security
        - Implementasi Antivirus, sebagai proteksi endpoint             - Antivirus implementation to protect endpoints
           dari serangan virus, malware, trojan, dan                        from viruses, malware, Trojans, and ransomware.
           ransomware.




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       -  Pemanfaatan Desktop Management (Ivanti                     -   Desktop Management (Ivanti Landesk) utilization
          Landesk) untuk percepatan konfigurasi keamanan                 to accelerate centralized security configuration for
          perangkat seluruh pegawai secara terpusat.                     all employees' devices.
      - Implementasi USB Blocking dalam mencegah                     - USB blocking implementation to prevent the
          pertukaran data bank dan antisipasi celah                      exchange of bank data and anticipate potential
          masuknya virus dari media USB Pegawai.                         virus intrusions from employee USB drives.
      - Implementasi EDR dan XDR untuk mengoptimal                   - EDR and XDR implementation to optimize incident
          kan deteksi dan respon insiden pada tingkat endpoint.          detection and response at the endpoint level.
      - Integrasi Device Posturing ke berbagai macam                 - Device posturing integration with various IT tools
          tools TI sebagai indikator pengamanan endpoint                 serves as an indicator that endpoint security
          sudah memenuhi standar Bank sesuai dengan                      meets the Bank's standards, in accordance with
          ketentuan dan best practice sebelum dapat                      regulations and best practices, before accessing
          mengakses informasi perusahaan.                                company information.
   2. Infrastructure (Server) Security                            2. Infrastructure (Server) Security
      - Melakukan testing hardening pada perangkat                   - Hardening testing on server devices to strengthen
          server untuk memperkuat keamanan server dari                   server security from both internal and external
          jaringan dalam maupun luar Bank.                               networks.
      - Update patching OS endpoint dan Server untuk                 - Update endpoint and server OS patches to ensure
          memastikan software telah ter-update sehingga                  software is up-to-date so viruses can be detected
          virus dapat terdeteksi dan diblokir.                           and blocked.
      - Implementasi Pengamanan AS400 sebagai                        - Implement AS400 security to protect the core
          proteksi untuk core banking system.                            banking system.
   3. Perimeter & Network Security                                3. Perimeter & Network Security
      - Implementasi Firewall serta Network Access                   - Implement a firewall and Network Access
          Control (NAC) untuk menjaga keamanan                           Control (NAC) to maintain network security and
          jaringan dan pembatasan akses ke server, serta                 restrict server access, and implement an Intrusion
          implementasi Intrusion Prevention System (IPS)                 Prevention System (IPS) to intercept anything that
          mencegat apa pun yang berhasil menembus                        manages to penetrate the firewall and enter the
          firewall dan masuk ke dalam jaringan.                          network.
      - Implementasi Network Segmentation untuk                      - Implement network segmentation to regulate
          pengaturan akses jaringan sesuai dengan tujuan                 network access according to user objectives and
          dan wewenang user.                                             authorizations.
      - Implementasi         Web      Security    Assessment,        - Implement a web security assessment. Previously,
          sebelumnya Bank belum memiliki deteksi                         the bank did not have web server configuration
          konfigurasi server web​   , dan belum memenuhi                 detection and did not meet existing security
          standar security yang ada (OWAPS Top 10)​.                     standards (OWAPS Top 10).
      - Implementasi Tools Attack Surface Management                 - Implement attack surface management tools
          untuk melakukan proses pengawasan untuk                        to monitor all cyber threats, including risk
          mengatasi segala ancaman siber mencakup                        assessments, security controls, and the steps
          penilaian risiko, kontrol keamanan, dan langkah                needed to map, protect, and mitigate the likelihood
          diperlukan dalam memetakan, melindungi, dan                    of successful attacks.
          mengurangi kemungkinan berhasilnya serangan.
      - Implementasi tools anti DDoS & Web Application                - Implement anti-DDoS tools and a web application
          Firewall (WAF) untuk pengamanan aplikasi internet             firewall (WAF) to protect internet-facing
          facing dari serangan DDOS yang menyebabkan                    applications from DDoS attacks that flood traffic,
          flooding traffic sehingga sistem tidak dapat diakses.         making the system inaccessible.
   4. Applications Security                                       4. Application Security
      - Implementasi Vulnerability Assessment Tool untuk             - Implementation of a Vulnerability Assessment
          mengidentifikasi kerentanan dan risiko dalam                  Tool to identify vulnerabilities and risks in system
          implementasi sistem.                                          implementation.
      - Melakukan Penetration Test, sebagai uji coba untuk           - Penetration Testing, as a trial run to breach existing
          menerobos sistem pengamanan yang ada, sesuai                  security systems, in accordance with predetermined
          dengan batasan yang telah ditentukan sebelumnya.              limitations.
      - SAST dan DAST tools untuk pengamanan secured                 - SAST and DAST tools to secure the application
          coding aplikasi yang akan diimplementasi.                     coding to be implemented.




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        -   Penggunaan Web Application Firewall (WAF)                   -    Use of a Web Application Firewall (WAF) to protect
            yang merupakan proteksi dan kontrol akses                        and control access to website-based applications.
            terhadap aplikasi berbasis website.
        -   Implementasi Pengamanan Source Code Mobile                  -  Implementation of Mobile Application Source Code
            Application​, untuk aplikasi lebih sulit untuk                 Security, for applications that are more difficult to
            dipahami, direkayasa atau diubah sehingga source               understand, engineer, or modify, so that the source
            code tidak mudah dicuri atau dirusak, lebih aman               code is less easily stolen or tampered with, and
            tidak bisa disispkan code berbahaya (Obfuscation).             more secure and cannot be inserted with malicious
                                                                           code (obfuscation).
    5. Identity & Access Management                                 5. Identity & Access Management
       - Implementasi Active Directory (LAPS) sebagai                  - Implementation of Active Directory (LAPS) as an
           konfigurasi Identity Management setiap user sebagai             Identity Management configuration for each user to
           standarisasi pengelolaan user access dan policy.                standardize user access and policy management.
       - Privilege Access Management untuk kontrol akses               - Privilege Access Management to control access
           dan otorisasi terhadap perangkat server, network,               and authorization for server, network, and firewall
           dan firewall.                                                   devices.
       - Penerapan kontrol dual custodian untuk                        - Implementation of dual custodian controls
           pengelolaan akun super user aplikasi, baik dari                 for managing application superuser accounts,
           pembuatan password akun super user maupun                       including superuser account password creation
           penyimpanannya.                                                 and storage.
       - Penyimpanan informasi akun super user (user                   - Super user account information (user ID and
           ID dan password) dimasukkan ke dalam amplop                     password) is stored in an envelope in a closed safe/
           yang disimpan dalam brankas/kluis tertutup yang                 case locked with a physical key and a digital key.
           dikunci dengan kunci fisik dan kunci digital.
    6. Data Security                                                6. Data Security
    - Implementasi Data Loss Prevention (DLP), untuk                   - Implementation of Data Loss Prevention (DLP),
       pengaturan pendistribusian dokumen Bank sesuai                     to regulate the distribution of Bank documents
       dengan level/klasifikasi data.                                     according to data level/classification.
    - Implementasi pengamanan data protection (Security                - Implementation of data protection (Security AI)
       AI) untuk data pribadi dan atau data nasabah Bank                  for personal data and/or Bank customer data in
       sesuai ketentuan Regulator.                                        accordance with Regulatory provisions.


C. Operations                                                    C. Operations
   Pada area Operations, Bank memastikan kemampuan                  In the Operations area, the Bank ensures that the detection,
   deteksi, respons, dan pemulihan terhadap insiden                 response, and recovery capabilities for cybersecurity
   keamanan siber berjalan secara efektif dan terintegrasi.         incidents are effective and integrated. The steps taken
   Langkah-langkah yang dilakukan antara lain:                      include:
   1. Security Operation Center (SOC) Cyber Drill                   1. Security Operation Center (SOC) Cyber ​​Drill
       - Pelaksanaan simulasi pengujian real ke sistem                   - Implementation of real-world system testing
           metode Adversarial Attack Simulation Exercise                     simulations using the Adversarial Attack
           (AASE) dengan konsultan independen eksternal.                     Simulation Exercise (AASE) method with an
       - Pelaksanaan pengujian Cyber Drill dengan metode                     external independent consultant.
           Table-Top Exercise telah dilakukan melibatkan Top             - Implementation of Cyber ​​   Drill testing using the
           Management (Board of Directors) untuk simulasi                    Table-Top Exercise method has involved Top
           mengetahui kesiapan Bank dalam mengidentifikasi                   Management (Board of Directors) to simulate the
           dan menghentikan serangan atau merespons dengan                   Bank's readiness to identify and stop attacks or
           cepat dan efektif dari insiden siber yang terjadi.                respond quickly and effectively to cyber incidents.
   2. Security Operation Center (SOC) Security Information          2. Security Operation Center (SOC) Security Information
       and Event Management (SIEM) untuk Detect &                        and Event Management (SIEM) for Detect & Response
       Response
       - Internal Threat: mendeteksi dan melakukan                       -   Internal Threat: Detects and protects against
           proteksi dengan response blocking terhadap                        attacks originating from the internet with response
           serangan yang berasal dari internet.                              blocking.
       - External Threat: mendeteksi serangan dan                        -   External Threat: Detects and protects against
           melakukan proteksi dengan response blocking                       attacks originating from the internet, such as
           terhadap serangan yang berasal, seperti                           ransomware and phishing emails.
           ransomware dan phishing email.


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       - Threat Intelligence: security tools yang digunakan                    - Threat Intelligence: Security tools used to collect
         untuk mengumpulkan data dan informasi dari                              data and information from the internet, including
         internet termasuk dark web terkait dengan aktivitas                     the dark web, related to suspicious activity and
         mencurigakan dan ancaman siber bagi organisasi.                         cyber threats to the organization.
   3. Back-Up & Recovery Plan                                              3. Backup & Recovery Plan
      - Hot Site: adalah dalam hal terjadi bencana yang                       - Hot Site: In the event of a disaster that threatens
         dapat mengancam kelangsungan operasional                                the continuity of banking operations, servers and
         perbankan maka terdapat penyedian server dan                            infrastructure are provided as backup for critical
         infrastruktur sebagai back up aplikasi critical.                        applications.
      - Warm Site: adalah dalam hal terjadi bencana yang                      - Warm Site: In the event of a disaster that threatens
         dapat mengancam kelangsungan operasional                                the continuity of banking operations, servers and
         perbankan maka terdapat penyedian server dan                            infrastructure are provided as backup for moderate
         infrastruktur sebagai back up aplikasi moderate.                        applications.
      - Back up dilakukan pengamanan dengan Sandbox                           - Backup is secured using Sandbox and real-time
         dan realtime dengan Rubrik. Untuk memastikan                            with Rubrik. To ensure IT reliability and readiness in
         keandalan dan kesiapan TI pada saat terjadi                             the event of disasters and other unforeseen events,
         bencana dan hal yang tidak diinginkan lainnya,                          a Disaster Recovery Plan trial has been conducted
         telah dilaksanakan uji coba atas Rencana                                for all very critical and critical applications.
         Pemulihan Bencana (disaster recovery plan) untuk
         seluruh aplikasi very critical dan critical.


Sinergi antara pilar Governance & Awareness, Protection dan          The synergy between the Governance & Awareness, Protection,
Operations memungkinkan Bank Mandiri Taspen untuk tidak              and Operations pillars enables Bank Mandiri Taspen not only
hanya mencegah terjadinya ancaman, tetapi juga memastikan            to prevent threats but also to ensure optimal preparedness to
kesiapan dalam menghadapi dan memulihkan kondisi secara              face and recover from them. With full management support, the
optimal. Dengan dukungan penuh dari manajemen serta                  implementation of best practices and regulatory compliance,
penerapan praktik terbaik dan kepatuhan terhadap regulasi,           the Bank remains committed to maintaining customer trust and
Bank terus berkomitmen menjaga kepercayaan nasabah dan               supporting sustainable business growth in the digital era.
mendukung pertumbuhan bisnis yang berkelanjutan di era digital.




Struktur Pengelola Teknologi Informasi
Information Technology Management Structure



                                                            IT & Digital




                                                                              Chief Information
    IT Planning &                                                                                                        Digital
                                         IT Operations                         Security Officer
    Development                                                                                                      Transformation
                                                                                   (CISO)




Organisasi Pengelola TI Bank Mandiri Taspen di bawah                 The IT Management Organization at Bank Mandiri Taspen,
Direktorat IT & Digital terdiri dari Divisi IT Planning &            under the Directorate of IT & Digital, consists of the following
Development, Divisi IT Operations, Divisi Chief Information          divisions: IT Planning & Development Division, IT Operations
Security Officer (CISO), dan Unit Digital Transformation.            Division, Chief Information Security Officer (CISO) Division, and
                                                                     Digital Transformation Unit.




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Page 474
Teknologi Informasi
Information Technology




Rencana Kerja Teknologi Informasi 2026
Information Technology Work Plan 2026


Dalam upaya memperkuat daya saing dan menciptakan nilai                       In an effort to strengthen competitiveness and create long-
jangka panjang bagi pemegang saham, Bank Mandiri Taspen                       term value for shareholders, Bank Mandiri Taspen has updated
telah melakukan pembaruan Information Technology Strategic                    its Information Technology Strategic Planning (ITSP) for the
Planning (ITSP) untuk periode 2026 – 2030.                                    2026–2030 period.



Rencana Strategis IT 2026–2030
Dikurasi dengan identitas BMTP Corporate Planning dan diselaraskan dengan BMRI STI framework
IT Strategic Plan 2026–2030
Curated in alignment with Bank Mandiri Taspen’s Corporate Planning identity
and harmonized with the Strategic IT (STI) framework of Bank Mandiri.




                                                                                               RSTI

                                                                      IT Excellence untuk memperkuat ekosistem Bank pensiunan
 Visi RSTI                                                           dan mengakselerasi diversifikasi melalui transformasi digital
                                                                IT Excellence to strengthen the Bank’s pension ecosystem and accelerate
                                                                               diversification through digital transformation.

 Fokus Utama / Key Focus


                     LEAD                            Pension Product &
                                                       Diversification
                                                                                  MOVIN Experience
                                                                                                                  Bank as a Service
                                                                                                                    & eChannel




                                                                                                                                               Information Security
 IT Business Enabler
                                                        RAS (Reliable,
                                                          Available,              Data Analytic & AI              Business Support
                     RISE                                 Scalable)



 Pondasi / Foundation
                                                                        Governance & New Ways of Work

                     CARE                                                                 People




                               Gambar 4 Strategic House ITSP 2026 – 2030 / Figure 4. ITSP Strategic House 2026 – 2030




ITSP ini dirancang untuk mencapai visi IT Excellence yang                     This ITSP is designed to achieve the IT Excellence vision, which
berfokus pada optimalisasi ekosistem layanan bagi segmen                      focuses on optimizing the service ecosystem for the pension
pensiunan serta akselerasi diversifikasi pendapatan melalui                   segment and accelerating revenue diversification through the
pemanfaatan teknologi digital. Selain itu, ITSP ini mencerminkan              use of digital technology. Furthermore, this ITSP reflects the
komitmen Bank dalam mengintegrasikan transformasi digital                     Bank's commitment to integrating digital transformation as a
sebagai salah satu pendorong utama pertumbuhan bisnis yang                    key driver of sustainable business growth.
berkelanjutan.


Sebagai bagian dari implementasi ITSP 2026 – 2030, Bank                       As part of the implementation of the 2026-2030 ITSP, Bank
Mandiri Taspen menetapkan rencana kerja teknologi informasi                   Mandiri Taspen has established a 2026 information technology
tahun 2026 yang berfokus pada eksekusi inisiatif prioritas                    work plan that focuses on the execution of priority initiatives in




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                                                                                                         PT Bank Mandiri Taspen




sesuai roadmap strategis. Rencana ini memastikan bahwa            accordance with the strategic roadmap. This plan ensures that
investasi teknologi memiliki keterkaitan langsung dengan          technology investments are directly linked to value creation
penciptaan nilai melalui peningkatan pendapatan, efisiensi        through increased revenue, cost efficiency, and strengthening
biaya, serta penguatan kapabilitas jangka panjang.                long-term capabilities.


Inisiatif yang dijalankan diklasifikasikan dalam kerangka         The initiatives implemented are classified within a strategic
strategic house yang terdiri dari tiga pilar utama, yaitu Fokus   house framework consisting of three main pillars: Main Business
Utama Bisnis, IT Business Enabler, dan Pondasi. Pilar Fokus       Focus, IT Business Enabler, and Foundation. The Main Business
Utama Bisnis diarahkan untuk mendorong pertumbuhan dan            Focus pillar is directed at driving growth and improving service
peningkatan kualitas layanan, IT Business Enabler berperan        quality, IT Business Enabler plays a role in increasing efficiency
dalam meningkatkan efisiensi dan kecepatan eksekusi,              and speed of execution, while the Foundation pillar ensures
sementara Pilar Pondasi memastikan keandalan, keamanan,           operational reliability, security, and sustainability.
dan keberlanjutan operasional.


Dengan pendekatan tersebut, rencana kerja TI 2026 diharapkan      With this approach, the 2026 IT work plan is expected to
dapat memperkuat produktivitas, mengoptimalkan biaya              strengthen productivity, optimize operational costs, and support
operasional, serta mendukung penciptaan nilai jangka panjang      the creation of sustainable long-term value for shareholders.
yang berkelanjutan bagi pemegang saham.




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 Corporate
 Governance




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                     Corporate
                     Governance




2025 Annual Report                477
Page 478
Corporate Governance
Corporate Governance




Pencapaian dalam Penerapan Tata Kelola Perusahaan
Achievements in the Implementation of Corporate Governance




         Bank telah mengikuti kegiatan CGPI dengan hasil penilaian dengan score
                91.02 meningkat dari periode sebelumnya sebesar 90.60.
         The Bank participated in the Corporate Governance Perception Index (CGPI) assessment,
                   achieving a score of 91.02, an increase from 90.60 in the previous period.




Dasar Penerapan Tata Kelola Perusahaan
The Bases of Corporate Governance Implementation


Penerapan corporate governance pada Bank Mandiri Taspen      The implementation of corporate governance in Bank Mandiri
senantiasa mengacu pada peraturan perundang-undangan         Taspen always refers to the applicable laws and regulations.
yang berlaku. Dasar penerapan corporate governance di Bank   The foundations for implementing corporate governance at
Mandiri Taspen adalah sebagai berikut:                       Bank Mandiri Taspen are as follows:
1. Undang-Undang Republik Indonesia No. 10 tahun 1998        1. Law of the Republic of Indonesia No. 10 of 1998 concerning
   tentang perubahan atas Undang-Undang No. 7 tahun             Amendment to Law No. 7 of 1992 concerning Banking.
   1992 tentang Perbankan.
2. Undang-Undang Republik Indonesia No. 40 tahun 2007        2. Law of the Republic of Indonesia No. 40 of 2007 concerning
   tentang Perseroan Terbatas.                                  Limited Liability Companies.
3. Peraturan Otoritas Jasa Keuangan No. 17 tahun 2023        3. Financial Authority Service Regulation No. 17 of 2023 on
   tentang Penerapan Tata Kelola bagi Bank Umum dan Surat       the Implementation of Governance for Commercial Banks
   Edaran Otoritas Jasa Keuangan No. 14/SEOJK.03/2025           and OJK Circular Letter No. 13/SEOJK.03/2017 on the
   tentang Penerapan Tata Kelola bagi Bank Umum.                Implementation of Governance for Commercial Banks.
4. Peraturan Otoritas Jasa Keuangan No. 17/POJK.03/2014      4. Financial Authority Service Regulation No. 17/
   tentang Penerapan Manajemen Risiko Terintegrasi bagi         POJK.03/2014 concerning The Implementation of
   Konglomerasi Keuangan.                                       Integrated Risk Management for Financial Conglomerates.
5. Peraturan Otoritas Jasa Keuangan No. 18/POJK.03/2014      5. Financial Authority Service Regulation No. 18/
   tentang Penerapan Tata Kelola Terintegrasi bagi              POJK.03/2014 concerning Implementation of Integrated
   Konglomerasi Keuangan.                                       Good Corporate Governance for Financial Conglomerates.
6. Peraturan Otoritas Jasa Keuangan No. 21/POJK.04/2015      6. Financial Authority Service Regulation No. 21/
   tentang Penerapan Pedoman Tata Kelola Perusahaan             POJK.04/2015 concerning Implementation of Public
   Terbuka.                                                     Company Governance Guidelines.
7. Peraturan Otoritas Jasa Keuangan No.4/POJK.03/2016        7. Financial Authority Service Regulation No.4/ POJK.03/2016
   tentang Penilaian Tingkat Kesehatan Bank Umum.               concerning Assessment of the Soundness of Commercial
                                                                Banks.




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Selain ketentuan yang diharuskan dari berbagai aturan          In addition to the required provisions from various laws and
perundang-undangan di atas, Perseroan juga mendasarkan         regulations above, the Company also bases the following GCG
pada pedoman-pedoman implementasi GCG sebagai berikut.         implementation guidelines.
1. Prinsip-prinsip Corporate Governance yang dikembangkan      1. Corporate Governance Principles developed by the
    oleh Organization for Economic Cooperation and                 Organization for Economic Cooperation and Development
    Development (OECD).                                            (OECD).
2. ASEAN Corporate Governance Scorecard.                       2. ASEAN Corporate Governance Scorecard.
3. Pedoman Umum Governansi Korporat Indonesia yang             3. Indonesian GCG Guidelines developed by the Committee
    dikembangkan oleh Komite Nasional Kebijakan Governance         National Governance Policy (KNKG).
    (KNKG).
4. Principles for Enhancing Corporate Governance yang          4. Principles for Enhancing Corporate Governance issued by
    diterbitkan oleh Basel Committee on Banking Supervision.      the Basel Committee on Banking Supervision.




Struktur dan Mekanisme Tata Kelola Perusahaan
Corporate Governance Structure and Mechanism



Struktur Organ Perusahaan                                      Company Organ Structure

Berdasarkan Undang-Undang Republik Indonesia Nomor             Based on the Law of the Republic of Indonesia Number
40 tahun 2007 tentang Perseroan Terbatas (UU PT), Organ        40 of 2007 concerning Limited Liability Companies, Organ
Perseroan terdiri dari Rapat Umum Pemegang Saham (RUPS),       of Company consists of Extraordinary general meeting of
Dewan Komisaris dan Direksi. Sistem kepengurusan menganut      Shareholders (GMS), Board of Commissioners and Board of
sistem dua badan (two tier system), yaitu Dewan Komisaris      Directors. The management system applies the two tier system,
dan Direksi, yang memiliki wewenang dan tanggung jawab         namely Board of Commissioners and Board of Directors, which
yang jelas sesuai fungsinya masing-masing sebagaimana          have clear authority and responsibility in accordance with their
diamanahkan dalam anggaran dasar dan peraturan perundang-      respective functions as mandated in the Articles of Association
undangan. Perseroan juga memiliki organ penunjang baik di      and Laws and Regulations. The Company also has supporting
bawah Dewan Komisaris dan Direksi dalam rangka mendukung       organs under the Board of Commissioners and Board of
efektivitas tugas dan tanggung jawab Organ Utama.              Directors in order to support the effectiveness of the Main
                                                               Organ’s duties and responsibilities.




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Struktur Organ Bank Mandiri Taspen disajikan dalam bagan di           The organizational Structure of the Company is shown in the
bawah ini.                                                            scheme below.



                                                                                    RUPS
                                                                                    GMS

                           Tranparency
                                                                                   Check and
                                                      Dewan Komisaris               Balance            Direksi
                                                    Board of Commissioners                        Board of Directors




                          Accountability                               Komite Audit                     Sekretaris Perusahaan
                                                                      Audit Committee                    Corporate Secretary




                                                                                                                                    Good Corporate Sustainability
                                                                  Komite Pemantau Risiko
                                                                 Risk Monitoring Committee

                          Responsibility
Vision and Mission




                                                             Komite Remunerasi & Nominasi
   Visi dan Misi




                                                          Remuneration and Nomination Committee




                          Independency
                                                                 Satuan Kerja Kepatuhan              Komite Manajemen Risiko
                                                                  Compliance Work Unit              Risk Management Committee

                                                            Satuan Kerja Manajemen Risiko
                                                                                                              ALCO
                                                             Risk Management Work Unit

                                                             Satuan Kerja Audit Internal                    Komite IT
                            Fairness                               Internal Audit                         IT Committee

                                                                                                          Komite Kredit
                                                                                                         Credit Committee

                                                                                                   Komite Kebijakan Perkreditan
                                                                                                     Credit Policy Committee




                     PEGAWAI / KARYAWAN               NASABAH/PELANGGAN                        KOMUNITAS/MASYARAKAT
                         EMPLOYEES                        CUSTOMER                               COMMUNITY/SOCIETY




Governance Soft Structure                                             Governance Soft Structure

Selain struktur Organ Perseroan, Bank Mandiri Taspen                  In addition to the Organizational Structure of Company, Bank
juga telah memiliki infrastruktur GCG yang merupakan                  Mandiri Taspen also has a GCG infrastructure in the form of
ketentuan-ketentuan yang telah ditetapkan oleh Direksi guna           provisions set by the Board of Directors to implement GCG
mengimplementasikan prinsip-prinsip GCG pada seluruh                  principles at all levels of the organization. In its implementation,
jenjang organisasi. Dalam pelaksanaannya, Bank Mandiri                Bank Mandiri Taspen has had various policies/ guidelines in
Taspen telah memiliki berbagai kebijakan/pedoman dalam                carrying out its functions and duties called the Infrastructure
menjalankan fungsi dan tugasnya yang disebut dengan                   of Bank Governance. The objectives of constructing the
infrastruktur tata kelola Bank. Tujuan membangun infrastruktur        Infrastructure of Bank Governance are as follows.
tata kelola Bank antara lain sebagai berikut.
1. Melengkapi kebijakan pendukung dalam penerapan GCG.                1. To complete the supporting policies in the implementation
2. Menjadi pedoman bagi Bank dalam menjalankan aktivitas                 of GCG.
     sehari-hari sesuai dengan budaya (corporate culture) yang        2. To be guidelines for the Bank in carrying out daily activities
     diharapkan.                                                         in accordance with the expected corporate culture.




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3. Merupakan bentuk komitmen tertulis bagi seluruh jajaran         3. To be a form of written commitment for all levels and
   dan tingkatan organisasi Bank dalam rangka meningkatkan            positions of the Bank’s organization in order to improve the
   disiplin dan tanggung jawab organ perusahaan dalam                 discipline and responsibility of company organs in order to
   rangka menjaga kepentingan stakeholders sesuai dengan              preserve the interests of stakeholders in accordance with
   tanggung jawab masing-masing.                                      their respective responsibilities.


Infrastruktur tata kelola Bank yang telah dimiliki oleh Bank       The Infrastructure of Bank Governance that has been owned by
Mandiri Taspen antara lain adalah:                                 Bank Mandiri Taspen includes:
1. Anggaran Dasar Bank Mandiri Taspen.                             1. Articles of Association of Bank Mandiri Taspen.
2. Arsitektur Kebijakan Bank Mandiri Taspen.                       2. Architecture of Policy of Bank Mandiri Taspen.
3. Pedoman dan Tata Tertib Kerja Dewan Komisaris.                  3. Guidelines and Code of Conduct of Board of Commissioners.
4. Pedoman dan Tata Tertib Kerja Direksi.                          4. Guidelines and Code of Conduct of Board of Directors.
5. Pedoman Tata Kelola Perusahaan.                                 5. Guidelines for Corporate Governance.
6. Piagam Komite Audit.                                            6. Charter of Audit Committee.
7. Piagam Komite Pemantau Risiko.                                  7. Charter of Audit Monitoring Committee.
8. Piagam Komite Remunerasi dan Nominasi.                          8. Charter of Remuneration and Nomination Committee.
9. Code of Conduct.                                                9. Code of Conduct.
10. Kebijakan Bisnis yang terdiri dari Kebijakan Perkreditan dan   10. Business Policy consisting of Credit and Fund and Service
     Kebijakan Dana dan Jasa.                                          Policies.
11. Kebijakan Operasional dan Support yang terdiri dari            11. Operational and Support Policy consisting of Human
     Kebijakan Sumber Daya Manusia, Kebijakan Akuntansi,               Resource, Accounting, Procurement, Operational, and
     Kebijakan Procurement, Kebijakan Operasional, dan                 Information Technology Policies.
     Kebijakan Teknologi Informasi.
12. Kebijakan Pengendalian yang terdiri dari Kebijakan Internal    12. Control Policy consisting of Internal Audit, Compliance and
     Audit, Kebijakan Kepatuhan dan Hukum, dan Kebijakan               Legal, and Risk Management Policy.
     Risk Management.



Mekanisme Tata Kelola Perusahaan                                   Good Corporate Governance Mechanisms
                                                                   
Pemegang Saham                                                     Shareholders

Pemegang saham saham Bank Mandiri Taspen terdiri dari              The shareholders of Bank Mandiri Taspen consist of 2 (two)
2 (dua) pemegang saham institusi dan 1 (satu) pemegang             institutional shareholders and 1 (one) individual shareholder.
saham perorangan. Pemegang saham saham institusi Bank              The shareholders of Bank Mandiri Taspen’s institutional shares
Mandiri Taspen yaitu PT Bank Mandiri (Persero) Tbk. dan            are PT Bank Mandiri (Persero) Tbk and PT Taspen (Persero)
PT TASPEN (Persero) dengan kepemilikan saham masing-               with share ownership above 25% each and both of them as
masing di atas 25% (dua puluh lima persen) dan keduanya            the Controlling Shareholders (PSP) of Bank Mandiri Taspen.
merupakan Pemegang Saham Pengendali (PSP) Bank Mandiri             The shares of Bank Mandiri Taspen are also owned by 1 (one)
Taspen. Saham Bank Mandiri Taspen juga dimiliki oleh 1 (satu)      individual shareholder on behalf of Ida Bagus Made Putra
orang Pemegang Saham perorangan atas nama Ida Bagus                Jandhana who owns shares under 5%.
Made Putra Jandhana yang memiliki saham di bawah 5%.


Hak Pemegang Saham                                                 Rights of Shareholders

Bank Mandiri Taspen memperlakukan pemegang saham sesuai            The company treats shareholders in accordance with the
dengan ketentuan yang berlaku serta menjamin bahwa setiap          applicable provisions and guarantees that each shareholder gets
pemegang saham mendapatkan perlakuan yang wajar serta              reasonable treatment and can use their rights in line with the
dapat menggunakan hak-haknya sejalan dengan Anggaran               Articles of Association and the applicable laws and regulations.
Dasar dan peraturan perundang-undangan yang berlaku.               The rights of shareholders provided by the company as well as
Adapun hak-hak pemegang saham yang diberikan perusahaan            guaranteed by law are as follows:
dan dijamin oleh undang-undang antara lain sebagai berikut:




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1. Memperoleh laporan mengenai kondisi keuangan Bank               1. The right to obtain reports on the Bank’s financial condition
   secara tepat waktu;                                                in a timely manner;
2. Hak untuk menghadiri, menyampaikan pendapat, dan                2. The right to attend, express opinions, and vote at the
   memberikan suara dalam RUPS berdasarkan satu saham;                General Meeting of Shareholders (GMS) on a one share–
                                                                      one vote basis;
3. Setiap Pemegang Saham memiliki hak 1 (satu) suara/              3. Each Shareholder holds one (1) vote per share;
    saham;
4. Mendapatkan penjelasan prosedur voting sebelum RUPS             4. The right to receive an explanation of voting procedures
    dimulai;                                                           prior to the commencement of the GMS;
5. Mekanisme voting dilakukan dengan metode polling;               5. The voting mechanism is conducted using a polling method;
6. Kesempatan untuk mengajukan agenda pada RUPS;                   6. The right to propose agenda items at the GMS;
7. Kesempatan untuk memberikan kuasa kepada pihak lain             7. The right to grant a proxy to another party in the event the
    apabila pemegang saham berhalangan hadir dalam RUPS;               shareholder is unable to attend the GMS;
8. Mengungkapkan         praktik-praktik  untuk      mendorong     8. Disclosure of practices to encourage Shareholder
    keterlibatan Pemegang Saham di luar RUPS;                          engagement outside the GMS;
9. Bertanya untuk setiap pembahasan agenda dan setiap              9. The right to raise questions for each agenda discussion and
    putusan agenda RUPS;                                               decision at the GMS;
10. Kesempatan untuk memberikan suara setuju, tidak setuju,        10. The right to cast votes in favor, against, or abstain on each
    atau abstain pada setiap usulan putusan agenda RUPS;               proposed GMS resolution;
11. Hak untuk memperoleh informasi mengenai perusahaan             11. The right to obtain information regarding the Company in a
    secara tepat waktu, benar, dan teratur, kecuali hal-hal yang       timely, accurate, and regular manner, except for confidential
    bersifat rahasia;                                                  matters;
12. Hak untuk menerima bagian dari keuntungan Perusahaan           12. The right to receive a portion of the Company’s profits
    yang diperuntukan bagi Pemegang Saham dalam bentuk                 allocated to Shareholders in the form of dividends and
    dividen dan pembagian keuntungan lainnya, sebanding                other profit distributions, in proportion to the number of
    dengan jumlah saham yang dimiliki. Pengaturan dividen              shares owned. Dividend arrangements are governed by the
    diatur dalam Kebijakan Akuntansi;                                  Accounting Policy;
13 Hak untuk memperoleh penjelasan lengkap dan informasi           13. The right to obtain comprehensive explanations and
    yang akurat mengenai prosedur yang harus dipenuhi                  accurate information regarding procedures related to the
    berkenaan dengan penyelenggaraan RUPS.                             conduct of the GMS;
14. Penyelesaian jika pemegang saham tidak setuju terhadap         14. Mechanisms for resolution in the event that shareholders do
    aktivitas dan aksi korporasi Bank;                                 not agree with the Bank’s activities and corporate actions;
15. Melaksanakan rencana penanganan permasalahan                   15. Implementation of plans for handling financial difficulties
    keuangan dan/atau penguatan modal Bank.                            and/or strengthening the Bank’s capital.


Perlakuan yang Sama Terhadap Pemegang Saham                        Equal Treatment of Shareholders

Dengan mengacu pada ketentuan peraturan perundangan                With reference to the provisions of laws and regulations,
Bank senantiasa mengedepankan asas kesetaraan bagi                 the bank always prioritises the principle of equality for all
seluruh pemegang saham (mayoritas dan minoritas). Komitmen         shareholders (majority or minority). This commitment is
tersebut tercermin antara lain dalam peraturan internal yang       reflected, among others in the internal regulations outlined
dituangkan dalam Arsitektur Kebijakan Bank Mandiri Taspen,         in the Bank Mandiri Taspen Policy Architecture, which
yang mengatur bahwa setiap pemegang saham mempunyai                stipulates that every shareholder has the same right to obtain
hak yang sama untuk mendapatkan keterbukaan informasi dari         information disclosure from the bank, including information on
Bank, antara lain informasi tentang kinerja Perseroan, informasi   the company’s performance, financial information and other
keuangan dan informasi lainnya yang dibutuhkan oleh seluruh        information required by all shareholders.
pemegang saham.


Selain itu perlakuan yang sama terhadap pemegang saham             In addition, equal treatment of shareholders is also reflected in
juga tercermin dalam pelaksanaan RUPS Perseroan. Setiap            the implementation of the company’s GMS. Each shareholder
pemegang saham mempunyai hak untuk mengajukan usulan               has the right to propose the agenda of the GMS to the company
mata acara RUPS kepada Perseroan dengan memperhatikan              by taking the number of votes owned into account.
jumlah suara yang dimiliki.




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                                                                                                       PT Bank Mandiri Taspen




Rapat Umum Pemegang Saham                                      General Meeting of Shareholders

Rapat Umum Pemegang Saham (RUPS) merupakan organ               The General Meeting of Shareholders (GMS) is the highest
tertinggi dalam Perseroan yang memiliki kewenangan eksklusif   organ in the Company, which has exclusive authority which
yang tidak diberikan kepada Direksi dan Dewan Komisaris        is not given to the Board of Directors and the Board of
sesuai dengan anggaran dasar dan peraturan perundang-          Commissioners under the articles of association and the
undangan yang berlaku. Forum RUPS merupakan forum              prevailing laws and regulations. The GMS forum is critical. In
yang sangat penting. Dalam RUPS, para pemegang saham           the GMS, the shareholders have the central authority to obtain
memiliki kewenangan utama untuk memperoleh keterangan-         information regarding the Company, both from the Board of
keterangan mengenai Perseroan, baik dari Direksi maupun        Directors and the Commissioners. This information is the basis
Dewan Komisaris. Keterangan-keterangan tersebut merupakan      for the GMS to formulate the Company’s strategic steps general
landasan bagi RUPS untuk mengambil kebijakan dalam             guidelines in making decisions as a legal entity. The GMS is
menyusun langkah strategis Perseroan, pijakan-pijakan umum     also a forum for evaluating the performance of all aspects of
dalam mengambil keputusan sebagai sebuah badan hukum.          the Company’s operations, including social and environmental
RUPS juga merupakan forum evaluasi kinerja seluruh aspek       activities.
operasional Perseroan termasuk kegiatan sosial maupun
lingkungan.


Rapat Umum Pemegang Saham dalam Perseroan terdiri dari;        The General Meeting of Shareholders in the Company consists of;
a. Rapat Umum Pemegang Saham Tahunan.                          a. Annual General Meeting of Shareholders.
b. Rapat Umum Pemegang Saham lainnya, yang dalam               b. Another General Meeti ng of Shareholders, which in the
   Anggaran Dasar disebut juga Rapat Umum Pemegang                 Articles of Association is also called the Extraordinary
   Saham Luar Biasa.                                               General Meeting of Shareholders.


Dengan agenda yang dibahas dalam RUPS yaitu:                   With the agenda discussed at the GMS as follows:
1. Direksi menyampaikan:                                       1. The Board of Directors conveyed:
   a. Laporan Tahunan yang telah ditelaah oleh Dewan              a. Annual Report that has been reviewed by the Board of
       Komisaris untuk mendapat persetujuan RUPS;                      Commissioners for approval by the GMS;
   b. Laporan keuangan untuk mendapat persetujuan RUPS.           b. Financial report for approval by the GMS.
   Persetujuan Laporan Tahunan, termasuk pengesahan               Approval of the Annual Report, including the ratification
   Laporan Keuangan dan Laporan tugas pengawasan oleh             of the Financial Statements and the Report in supervisory
   Dewan Komisaris, oleh RUPS Tahunan berarti memberikan          duties by the Board of Commissioners, by the Annual GMS
   pelunasan dan pembebasan tanggung jawab sepenuhnya             means granting full release and discharge to the members of
   kepada anggota Direksi dan Dewan Komisaris atas                the Board of Directors and the Board of Commissioners for
   pengurusan dan pengawasan yang telah dijalankan selama         the management and supervision that have been carried out
   tahun buku yang lalu, sejauh tindakan tersebut tercermin       during the past fiscal year, to the extent that such actions are
   dalam Laporan Tahunan dan Laporan Keuangan.                    reflected in the Annual Report and Financial Statements.
2. Ditetapkan penggunaan laba, jika Perseroan mempunyai        2. It will be considered as the use of profit if the company has
   saldo laba yang positif.                                       a positive balance of profit.
   Penggunaan laba tersebut dapat dibagi menurut cara             The use of profit can be divided according to the method of
   penggunaannya yang ditentukan oleh RUPS, antara lain           use determined by the GMS, among others as dividents to
   sebagai dividen kepada Pemegang Saham, untuk membentuk         shareholders to form a mandatory reserve of up to 20% of
   cadangan wajib sampai 20% dari jumlah modal ditempatkan        the total issued and paid-up capital and only used to cover
   dan disetor dan hanya dipergunakan untuk menutup kerugian      losses that are not met by other reserves and as retained
   yang tidak dipenuhi oleh cadangan lain serta sebagai laba      earnings to increase the company’s capital.
   ditahan untuk menambah permodalan Perseroan.
3. Diputuskan mata acara RUPS lainnya yang telah diajukan      3. Resolved other GMS agenda items that have been duly
   sebagaimana mestinya dengan memperhatikan peraturan            submitted with due observance of the prevailing laws and
   perundang-undangan yang berlaku dan ketentuan                  regulations and the provisions of the Articles of Association.
   Anggaran Dasar. Mata acara lain seperti perubahan              Other agenda items such as amendments to the Articles of
   Anggaran Dasar, perubahan Direksi dan Dewan Komisaris          Association, changes to the Board of Directors and Board of
   usulan Akuntan Publik dan Kantor Akuntan Publik untuk          Commissioners, proposals for a Public Accountant and Public
   mengaudit Laporan Keuangan Perseroan untuk Tahun               Accounting Firm to audit the company’s Financial Statements
   Buku Yang Berakhir pada tanggal 31 Desember di Tahun           for the Financial Year Ending on December 31 in the following
   Buku periode berikutnya, penetapan gaji/honorarium,            Financial Year period, determination of salaries/honorarium,
   tantiem, tunjangan dan fasilitas untuk Direksi dan Dewan       bonuses, allowances and facilities for the Board of Directors




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   Komisaris dan keputusan lainnya dalam batasan yang                        and Board of Commissioners and other decisions within the
   ditentukan dalam ketentuan peraturan perundangan dan                      limits specified in the provisions of laws and regulations and
   Anggaran Dasar Perseroan.                                                 the company’s Articles of Association.


Proses Penyelenggaraan RUPS                                             The Process of Implementing a GMS
dan Pemungutan Suara                                                    and Voting

Rapat Umum Pemegang Saham diadakan di tempat                            The General Meeting of Shareholders shall be held in the location
kedudukan Perseroan atau di tempat Perseroan melakukan                  of the Company. Summons are made no later than 14 (fourteen)
kegiatan usahanya dalam wilayah negara Republik Indonesia.              days before the date of the General Meeting of Shareholders
Pemanggilan dilakukan paling lambat 14 (empat belas) hari               held without taking into account the date of summons and
sebelum tanggal Rapat Umum Pemegang Saham diadakan                      of the General Meeting of Shareholders. At the time of the
dengan tidak memperhitungkan tanggal pemanggilan dan                    summons for the GMS, an explanation has been conveyed for
tanggal Rapat Umum Pemegang Saham diadakan. Pada saat                   each agenda that will be approved by the Shareholders. The
pemanggilan RUPS telah disampaikan penjelasan untuk tiap-               General Meeting of Shareholders can be held if the attendance
tiap agenda yang akan mendapat persetujuan Pemegang                     quorum as required by the Law on Limited Liability Companies
Saham. Rapat Umum Pemegang Saham dapat dilangsungkan                    has been met. The General Meeting of Shareholders can be held
apabila kuorum kehadiran sebagaimana disyaratkan dalam                  if the quorum has met the requirements stipulated by the Law
Undang-Undang tentang Perseroan Terbatas telah terpenuhi.               concerning Limited Liability Companies The general meeting
Rapat Umum Pemegang Saham dapat mengambil keputusan                     of Shareholders can make decisions based on the amicable
berdasarkan musyawarah untuk mufakat atau berdasarkan                   discussion or the number of votes issued at the Extraordinary
suara setuju dari jumlah suara yang dikeluarkan dalam Rapat             general meeting of Shareholders as stipulated in the Law
Umum Pemegang Saham sebagaimana ditentukan dalam                        concerning Limited Liability Companies.
Undang-Undang tentang Perseroan Terbatas.


Selain itu dengan memperhatikan Pasal 91 Undang-Undang No.              In addition, considering Article 91 of Law no. 40 of 2007 related
40 Tahun 2007 tentang Perseroan Terbatas menyatakan bahwa               to Limited Liability Companies stated that Shareholders might
Pemegang Saham dapat juga mengambil keputusan mengikat                  also make binding decisions outside the GMS provided that all
di luar RUPS dengan syarat semua pemegang saham dengan                  shareholders with voting rights agreed in writing by signing the
hak suara menyetujui secara tertulis dengan menandatangani              proposal in question. Such resolutions are binding ones that
usul yang bersangkutan. Keputusan yang demikian merupakan               have the same legal force as the resolutions of the GMS.
keputusan yang mengikat yaitu mempunyai kekuatan hukum
yang sama dengan keputusan RUPS.


Pada saat pemanggilan RUPS telah disampaikan penjelasan untuk           At the time of the invitation to the GMS, an explanation has
tiap-tiap agenda yang akan mendapat persetujuan Pemegang                been submitted for each agenda that will be approved by the
Saham. Sebelum pelaksanaan RUPS Perseroan menjelaskan tata              shareholders. Prior to the implementation of the GMS, the
cara pemungutan suara. Setelah RUPS selesai maka risalah RUPS           Company explained the voting procedures. After the GMS is
mencatat pertanyaan atau tanggapan Pemegang Saham. Dalam                completed, the minutes of the GMS record the Shareholders’
risalah RUPS juga disampaikan hasil pemungutan suara bagi yang          questions or responses. The minutes of the GMS also conveyed the
menyetujui, tidak menyetujui (dissenting) dan abstain.                  voting results for those who approved, dissented and abstained.


Pelaksanaan RUPS Tahunan 2025                                           The Implementation of 2025 Annual GMS
dan Realisasinya                                                        and its Realization


                       Dilaksanakan secara sirkuler dengan dokumen Keputusan Sirkuler ditandatangani oleh seluruh Pemegang Saham
    Pelaksanaan        tanggal 30 Juni 2025.
  Implementation       Conducted through a circular resolution, with the Circular Resolution document signed by all Shareholders on
                       30 June 2025.

                       Keputusan Sirkuler Pemegang Saham di bawah tangan untuk Pelaksanaan RUPS Luar Biasa telah diaktakan dengan
                       akta Pernyataan Keputusan Sirkuler Pemegang Saham PT Bank Mandiri Taspen No. 5 tanggal 25 Mei 2025 yang dibuat
                       di hadapan Notaris Zulkifli Harahap, SH dan Hasil Keputusan Sirkuler Pemegang Saham telah tersebut dilaporkan
    Hasil RUPS
                       kepada Otoritas Jasa Keuangan.
   Results of the      The Circular Resolution of Shareholders executed privately for the Extraordinary General Meeting of Shareholders
       GMS             (EGMS) was notarized under Deed of Statement of Circular Resolution of Shareholders of PT Bank Mandiri Taspen No.
                       5 dated May 25, 2025, drawn up before Notary Zulkifli Harahap. The results of the Circular Resolution of Shareholders
                       were subsequently reported to the Otoritas Jasa Keuangan.




    484                                                                                                               Laporan Tahunan 2025
Page 485
                                                                                                                          PT Bank Mandiri Taspen




Keputusan dan Realisasi RUPS Tahunan 2025                                      Decision and Realization of The 2025 Annual GMS


                           Agenda Pertama                                                                First Agenda

 Persetujuan Laporan Tahunan dan Laporan Tugas Pengawasan                    Approval of the Annual Report and the Board of Commissioners’
 Dewan Komisaris serta Pengesahan Laporan Keuangan Perseroan                 Supervisory Report, and ratification of the Company’s Financial
 untuk Tahun Buku yang berakhir pada tanggal 31 Desember 2024                Statements for the financial year ended 31 December 2024, including
 termasuk memberikan pembebasan dan pelunasan tanggung jawab                 the granting of full release and discharge (volledig acquit et de
 sepenuhnya (Volledig Acquit Et De Charge) terhadap seluruh anggota          charge) to all members of the Board of Directors and the Board of
 Direksi dan anggota Dewan Komisaris Perseroan sehubungan dengan             Commissioners in respect of the management and supervision of the
 pengurusan dan pengawasan perseroan yang telah dijalankan selama            Company carried out during the financial year ended 31 December
 Tahun Buku yang berakhir pada tanggal 31 Desember 2024, sepanjang           2024, to the extent that such activities are reflected in the Annual
 aktivitas tersebut tercermin dalam Laporan Tahunan.                         Report.

 Keputusan:                                                                  Resolution:
 1. Menyetujui Laporan Tahunan Perseroan termasuk Laporan Tugas              1. Approved the Company’s Annual Report, including the Board of
    Pengawasan Dewan Komisaris Perseroan untuk tahun buku yang                  Commissioners’ Supervisory Report for the financial year ended 31
    berakhir pada tanggal 31 Desember 2024 dan mengesahkan                      December 2024, and ratified the Company’s Financial Statements
    Laporan Keuangan Perseroan untuk tahun buku yang berakhir                   for the financial year ended 31 December 2024, which were
    pada tanggal 31 Desember 2024 yang telah diaudit oleh Kantor                audited by Public Accounting Firm Purwantono, Sungkoro & Surja
    Akuntan Publik Purwantono, Sungkoro & Surja (a member of Firm               (a member firm of Ernst & Young Global Limited), with an opinion of
    Ernst & Young Global Limited), dengan opini “menyajikan secara              “fairly presented, in all material respects,” as stated in Report No.
    wajar, dalam semua hal yang material” sebagaimana dinyatakan                00039/2.1032/AU.1/07/0242-2/1/II/2025 dated 4 February 2025.
    dalam laporan Nomor 00039/2.1032/AU.1/07/0242-2/1/II/2025
    tanggal 4 Februari 2025.
 2. Atas disetujuinya Laporan Tahunan Perseroan termasuk Laporan             2. Upon the approval of the Annual Report, including the Board of
    Tugas Pengawasan Dewan Komisaris Perseroan untuk tahun buku                 Commissioners’ Supervisory Report for the financial year ended
    yang berakhir pada tanggal 31 Desember 2024 serta disahkannya               31 December 2024, and the ratification of the Company’s Financial
    Laporan Keuangan Perseroan untuk tahun buku yang berakhir pada              Statements for the same period, the Circular Resolution granted full
    tanggal 31 Desember 2024, maka Keputusan Sirkuler memberikan                release and discharge (volledig acquit et de charge) to all members
    pembebasan dan pelunasan tanggung jawab sepenuhnya (volledig                of the Board of Directors and the Board of Commissioners in respect
    acquit et de charge) terhadap seluruh anggota Direksi dan Dewan             of the management and supervision of the Company conducted
    Komisaris sehubungan dengan pengurusan dan pengawasan                       during the financial year ended 31 December 2024, insofar as
    Perseroan yang telah dijalankan, selama tahun buku yang berakhir            such actions do not constitute criminal acts and are reflected in the
    pada tanggal 31 Desember 2024, sejauh tindakan tersebut bukan               Annual Report and Financial Statements for the said financial year.
    merupakan tindakan pidana dan tindakan tersebut tercermin
    dalam Laporan Tahunan dan Laporan Keuangan untuk tahun buku
    yang berakhir pada tanggal 31 Desember 2024.
 3. Pembebasan dan pelunasan tanggung jawab sepenuhnya (volledig             3. The full release and discharge (volledig acquit et de charge) was
    acquit et de charge) juga diberikan kepada:                                 also granted to:
    a. Bapak Judhi Budi Wirjanto yang menjabat sebagai Direktur                 a. Mr. Judhi Budi Wirjanto, who served as Director of the Company
       Perseroan sejak tanggal 1 Januari 2024 sampai dengan tanggal                 from 1 January 2024 to 27 June 2024;
       27 Juni 2024;
    b. Bapak Atta Alva Wanggai yang menjabat sebagai Direktur                   b. Mr. Atta Alva Wanggai, who served as Director of the Company
       Perseroan sejak tanggal 1 Januari 2024 sampai dengan tanggal                 from 1 January 2024 to 23 January 2024.
       23 Januari 2024

 Status: Terealisasi                                                         Status: Realized


                            Agenda Kedua                                                               Second Agenda

 Persetujuan penggunaan Laba Bersih Perseroan untuk tahun buku               Approval of the appropriation of the Company’s Net Profit for the
 yang berakhir pada tanggal 31 desember 2024.                                financial year ended 31 December 2024.

 Keputusan:                                                                  Resolution:
 1. Menyetujui dan menetapkan penggunaan laba bersih Perseroan               1. Approved and determined the appropriation of the Company’s
    untuk tahun buku 2024 sebesar Rp1.577.550.241.054,- (satu                   net profit for the financial year 2024 amounting to IDR
    triliun lima ratus tujuh puluh tujuh miliar lima ratus lima puluh juta      1,577,550,241,054 (one trillion five hundred seventy-seven billion
    dua ratus empat puluh satu ribu lima puluh empat rupiah) yaitu              five hundred fifty million two hundred forty-one thousand fifty-
    sebagai berikut:                                                            four rupiah), as follows:
    a. Sejumlah 10,00% dari Laba Bersih Perseroan atau sebesar                  a. 10.00% of the net profit, or IDR 157,755,024,105 (one hundred
         Rp157.755.024.105,- (seratus lima puluh tujuh miliar tujuh                 fifty-seven billion seven hundred fifty-five million twenty-four
         ratus lima puluh lima juta dua puluh empat ribu seratus lima               thousand one hundred five rupiah), was distributed as cash
         rupiah) dibagikan sebagai dividen tunai kepada Para Pemegang               dividends to the Shareholders.
         Saham.
    b. Sejumlah 90,00% dari Laba Bersih Perseroan atau sebesar                  b. 90.00% of the net profit, or IDR 1,419,795,216,949 (one trillion
         Rp1.419.795.216.949,- (satu triliun empat ratus sembilan belas             four hundred nineteen billion seven hundred ninety-five million
         miliar tujuh ratus sembilan puluh lima juta dua ratus enam belas           two hundred sixteen thousand nine hundred forty-nine rupiah),
         ribu sembilan ratus empat puluh sembilan rupiah) ditetapkan                was allocated as retained earnings.
         sebagai laba ditahan
 2. Memberikan wewenang dan kuasa kepada Direksi untuk mengatur              2. Authorized and empowered the Board of Directors to regulate the
    tata cara alokasi laba bersih Perseroan tersebut di atas, sesuai            procedures for the allocation of the Company’s net profit as stated
    dengan peraturan perundang-undangan yang berlaku.                           above in accordance with prevailing laws and regulations.




2025 Annual Report                                                                                                                         485
Page 486
Corporate Governance
Corporate Governance




 Status: Butir a dan c sudah terealisasi sedangkan butir b sudah         Status: Item a and c have been realized, while item b has been recorded
 dilakukan pencatatan kewajiban Dividen pada pembukuan Bank dan          as a dividend liability in the Bank’s books and the payment will be
 pembayaran akan dilakukan pada akhir semester II 2025.                  made at the end of Semester II 2025.


                          Agenda Ketiga                                                              Third Agenda

 Persetujuan penunjukan kantor Akuntan publik dan Akuntan publik         Approval of the appointment of the Public Accounting Firm and Public
 untuk mengaudit Laporan Keuangan Perseroan untuk tahun buku yang        Accountant to audit the Company’s Financial Statements for the
 akan berakhir pada tanggal 31 Desember 2025 serta penetapan biaya/      financial year ending 31 December 2025, including the determination
 honorariumnya.                                                          of the audit fees/honorarium.

 Keputusan:                                                              Resolution:
 1. Menetapkan Kantor Akuntan Publik Purwantono, Sungkoro & Surja        1. Appointed Public Accounting Firm Purwantono, Sungkoro &
    (a member of Firm Ernst & Young Global Limited) dan Akuntan             Surja (a member firm of Ernst & Young Global Limited) and Public
    Publik Yovita untuk mengaudit Laporan Keuangan Perseroan untuk          Accountant Yovita to audit the Company’s Financial Statements for
    tahun buku yang berakhir pada tanggal 31 Desember 2025.                 the financial year ending 31 December 2025.
 2. Memberikan wewenang dan kuasa kepada Dewan Komisaris untuk           2. Authorized and empowered the Board of Commissioners to
    menetapkan honorarium dan persyaratan lainnya bagi Kantor               determine the audit fee/honorarium and other terms and conditions
    Akuntan Publik dan Akuntan Publik tersebut, serta menetapkan            for the said Public Accounting Firm and Public Accountant, and
    Kantor Akuntan Publik dan/atau Akuntan Publik pengganti dalam           to appoint a replacement Public Accounting Firm and/or Public
    hal Kantor Akuntan Publik Purwantono, Sungkoro & Surja (a               Accountant in the event that Purwantono, Sungkoro & Surja
    member of Firm Ernst & Young Global Limited) dan/atau Akuntan           (a member firm of Ernst & Young Global Limited) and/or Public
    Publik Yovita karena sebab apapun tidak dapat menyelesaikan             Accountant Yovita are unable, for any reason, to complete the audit
    proses audit Laporan Keuangan Perseroan untuk tahun buku                of the Company’s Financial Statements for the financial year ending
    yang berakhir pada tanggal 31 Desember 2025. Apabila terdapat           31 December 2025. In the event of any change of Public Accounting
    pergantian Kantor Akuntan Publik dan/atau Akuntan Publik,               Firm and/or Public Accountant, the Board of Commissioners shall
    Dewan Komisaris memberikan laporan ke Pemegang Saham.                   report such change to the Shareholders.

 Status: Terealisasi                                                     Status: Realized


                         Agenda Keempat                                                             Fourth Agenda

 Penetapan tantiem bagi anggota Direksi dan Dewan Komisaris              Approval of the determination of tantiem for members of the Board
 perseroan untuk tahun buku yang berakhir pada 31 Desember 2024          of Directors and the Board of Commissioners for the financial year
 serta penetapan gaji anggota Direksi dan honorarium anggota Dewan       ended 31 December 2024, as well as the determination of salaries for
 Komisaris dan pemberian fasilitas, benefit dan/atau tunjangan lainnya   members of the Board of Directors, honorarium for members of the
 untuk tahun buku 2025.                                                  Board of Commissioners, and the provision of facilities, benefits, and/
                                                                         or other allowances for the financial year 2025.

 Keputusan:                                                              Resolution:

 Memberikan wewenang dan kuasa kepada Dewan Komisaris                    Authorized and empowered the Board of Commissioners of the
 Perseroan dengan terlebih dahulu mendapat persetujuan Pemegang          Company, subject to prior approval from the Majority Shareholder
 Saham Mayoritas dan diketahui oleh Pemegang Saham Pengendali            and with acknowledgment of the other Controlling Shareholders, to
 lainnya untuk menetapkan:                                               determine:
 1. Tantiem atas kinerja anggota Direksi dan Dewan Komisaris untuk       1. The tantiem for the performance of members of the Board of
     tahun buku yang berakhir pada tanggal 31 Desember 2024.                Directors and the Board of Commissioners for the financial year
                                                                            ended 31 December 2024.
 2. Gaji anggota Direksi dan honorarium anggota Dewan Komisaris          2. The salaries of members of the Board of Directors, honorarium
    dan pemberian fasilitas, benefit dan/atau tunjangan lainnya untuk       of members of the Board of Commissioners, and the provision of
    tahun buku 2025.                                                        facilities, benefits, and/or other allowances for the financial year
                                                                            2025.

 Status: Terealisasi                                                     Status: Realized


                          Agenda Kelima                                                              Fifth Agenda

 Persetujuan perubahan susunan anggota Direksi dan Dewan Komisaris       Approval of the changes in the composition of the Company’s Board of
 Perseroan.                                                              Directors and Board of Commissioners.

 Keputusan:                                                              Resolution:
 Menetapkan untuk mengangkat kembali Ibu Hendrika Nora Osloi             Reappointed Ms. Hendrika Nora Osloi Sinaga as Commissioner of the
 Sinaga sebagai Komisaris Perseroan terhitung sejak tanggal              Company effective as of the date of this Circular Resolution and until the
 Keputusan Sirkuler ini dan berakhir pada penutupan Rapat Umum           closing of the 3rd Annual General Meeting of Shareholders following
 Pemegang Saham Tahunan yang ke-3 (tiga) sejak pengangkatannya           her appointment, which will be held in 2028, without prejudice to the
 yang akan diselenggarakan pada tahun 2028, dengan tidak                 right of the General Meeting of Shareholders to dismiss her at any time.
 mengurangi hak dari Rapat Umum Pemegang Saham untuk sewaktu-
 waktu memberhentikannya.

 Status: Terealisasi                                                     Status: Realized




    486                                                                                                                     Laporan Tahunan 2025
Page 487
                                                                                                                        PT Bank Mandiri Taspen




Pelaksanaan RUPS Luar Biasa Tanggal                                           Extraordinary General Meeting of Shareholders
30 Juni 2025 dan Realisasinya                                                 (EGMS) held on 30 June 2025 and its realization.


                         Dilaksanakan secara sirkuler dengan dokumen Keputusan Sirkuler ditandatangani oleh seluruh Pemegang Saham
    Pelaksanaan
                         tanggal 30 Juni 2025.
  Implementation         Conducted by circular resolution, with the Circular Resolution document signed by all Shareholders on June 30, 2025.

                         Keputusan Sirkuler Pemegang Saham di bawah tangan untuk Pelaksanaan RUPS Tahunan telah diaktakan dengan
                         akta Pernyataan Keputusan Sirkuler Pemegang Saham PT Bank Mandiri Taspen No. 27 tanggal 30 Juni 2025 dan Akta
                         Nomor 28 tanggal 30 Juni 2025 yang dibuat di hadapan Notaris Zulkifli Harahap, SH dan Hasil Keputusan Sirkuler
    Hasil RUPS
                         Pemegang Saham telah tersebut dilaporkan kepada Otoritas Jasa Keuangan.
   Results of the        The Circular Resolution of Shareholders executed privately for the Annual General Meeting of Shareholders (AGMS)
       GMS               was notarized under the Deed of Statement of Circular Resolution of Shareholders of PT Bank Mandiri Taspen No. 27
                         dated June 30, 2025 and Deed No. 28 dated June 30, 2025, drawn up before Notary Zulkifli Harahap. The results of the
                         Circular Resolution of Shareholders were subsequently reported to the Otoritas Jasa Keuangan.



Keputusan dan Realisasi RUPS Luar Biasa Tanggal                               Decisions and realization of the Extraordinary General
30 Juni 2025                                                                  Meeting of Shareholders held on 30 June 2025.


                          Agenda Pertama                                                                First Agenda

 Persetujuan Rencana Aksi pemulihan (Recovery Plan)                         Approval of the Recovery Plan.

 Keputusan:                                                                 Resolution:
 Menyetujui Rencana Aksi Pemulihan (Recovery Plan) Perseroan                Approved the Company’s Recovery Plan as attached, which
 sebagaimana terlampir yang merupakan rencana untuk mengatasi               constitutes a plan to address potential financial issues that may arise
 permasalahan keuangan yang mungkin terjadi di Perseroan.                   within the Company.

 Status: Terealisasi                                                        Status: Realized


                           Agenda Kedua                                                               Second Agenda

 Persetujuan Perubahan Anggaran Dasar                                       Approval of Amendments to the Articles of Association.

 Keputusan:                                                                 Resolution:
 1. Menyetujui perubahan Anggaran Dasar Perseroan pada Pasal                1. Approved the amendments to Article 3 of the Company’s Articles
    3 mengenai Maksud dan Tujuan serta Kegiatan Usaha dengan                   of Association regarding the Purpose, Objectives, and Business
    menyisipkan butir c pada Pasal 3 ayat (2), dan menyesuaikan butir          Activities by inserting point c in Article 3 paragraph (2) and
    selanjutnya sehingga Pasal 3 Anggaran Dasar Perseroan menjadi              adjusting the subsequent points, so that Article 3 of the Articles of
    sebagai berikut:                                                           Association of the Company reads as follows:

        Maksud dan Tujuan serta Kegiatan Usaha Perseroan                       Purpose, Objectives, and Business Activities of the Company
                                Pasal 3                                                                   Article 3
    a. Maksud dan tujuan dari Perseroan ialah melakukan usaha                  a. The purpose and objective of the Company is to conduct
       dalam bidang perbankan sesuai dengan ketentuan perundang-                  business in the banking sector in accordance with prevailing
       undangan yang berlaku.                                                     laws and regulations.
    b. Untuk mencapai maksud dan tujuan tersebut di atas, Perseroan            b. To achieve the above purpose and objectives, the Company
       dapat melaksanakan kegiatan usaha sebagai berikut:                         may carry out the following business activities:
       1) Menghimpun dana dari masyarakat dalam bentuk simpanan                   1) Raising funds from the public in the form of demand deposits,
          berupa giro, deposito berjangka, sertifikat deposito, tabungan,            time deposits, certificates of deposit, savings, and/or other
          dan/atau bentuk lainnya yang dipersamakan dengan itu;                      equivalent forms;
       2) Memberikan kredit;                                                      2) Granting credit;
       3) Menyelenggarakan kegiatan jasa dalam sistem pembayaran;                 3) Conducting payment system service activities;
       4) Menerbitkan surat pengakuan hutang;                                     4) Issuing promissory notes;
       5) Membeli, menjual atau menjamin atas risiko sendiri maupun               5) Buying, selling, or guaranteeing, for its own account or on
          untuk kepentingan dan atas perintah nasabahnya:                            behalf and upon instruction of its customers:
          • Surat-surat wesel termasuk wesel dan akseptasi                           • Bills of exchange, including drafts and bank acceptances
             oleh bank yang masa berlakunya tidak lebih daripada                         with maturities not exceeding customary market
             kebiasaan dalam perdagangan surat-surat dimaksud;                           practice;
          • Surat pengakuan hutang dan kertas dagang lainnya                         • Promissory notes and other commercial papers with
             yang masa berlakunya tidak lebih daripada kebiasaan                         maturities not exceeding customary market practice;
             dalam perdagangan surat-surat dimaksud;
          • Kertas perbendaharaan Negara dan surat jaminan                            •   Government securities and government guarantee
             pemerintah;                                                                  instruments;
          • Sertifikat Bank Indonesia (SBI);                                          •   Bank Indonesia Certificates (SBI);
          • Obligasi;                                                                 •   Bonds;
          • Surat dagang berjangka waktu sesuai dengan peraturan                      •   Commercial papers with maturities in accordance with
             perundang–undangan yang berlaku;                                             prevailing laws and regulations;




2025 Annual Report                                                                                                                        487
Page 488
Corporate Governance
Corporate Governance




           •   Instrumen surat berharga lain yang berjangka waktu                 •   Other securities instruments with maturities              in
               sesuai dengan peraturan perundang-undangan yang                        accordance with prevailing laws and regulations;
               berlaku;
       6) Memindahkan uang baik kepentingan sendiri maupun untuk               6) Transferring funds for its own interest or for customers;
           kepentingan nasabah;
       7) Menempatkan dana pada, meminjam dana dari, atau                      7) Placing funds with, borrowing from, or lending to other
           meminjamkan dana kepada Bank lain, baik dengan                         banks, whether by written instruments, telecommunication
           menggunakan surat, sarana telekomunikasi, maupun                       means, or sight drafts, checks, or other instruments;
           dengan wesel unjuk, cek atau sarana lainnya;
       8) Menerima pembayaran dari tagihan atas surat berharga dan             8) Receiving payments from securities receivables and
           melakukan perhitungan dengan atau antar pihak ketiga;                  conducting settlement with or between third parties;
       9) Menyediakan tempat untuk menyimpan barang dan surat                  9) Providing safe deposit services for valuables and securities;
           berharga;
       10) Melakukan kegiatan penitipan untuk kepentingan pihak lain           10) Conducting custodial activities for the benefit of third
           berdasarkan suatu kontrak;                                              parties based on contracts;
       11) Melakukan penempatan dana dari nasabah kepada nasabah               11) Placing customer funds to other customers in the form of
           lainnya dalam bentuk surat berharga yang tidak tercatat di              unlisted securities;
           bursa efek;
       12) Melakukan kegiatan anjak piutang, usaha kartu kredit dan           12) Conducting factoring, credit card business, and trustee
           kegiatan wali amanat;                                                  activities;
       13) Melakukan kegiatan lain yang lazim dilakukan oleh                  13) Conducting other banking activities commonly performed
           bank sepanjang tidak bertentangan dengan peraturan                     by banks, insofar as not contrary to prevailing laws and
           perundang-undangan yang berlaku;                                       regulations.
    c. Selain melakukan kegiatan usaha sebagaimana dimaksud                c. In addition to the business activities referred to in paragraph (2),
       dalam ayat 2 pasal ini, Perseroan dapat pula:                          the Company may also:
       1) Melakukan kegiatan penyertaan modal pada bank atau                  1) Conduct equity participation in banks or other financial
           perusahaan lain dibidang keuangan seperti sewa guna                    institutions such as leasing companies, venture capital
           usaha, modal ventura, perusahaan efek, asuransi, serta                 companies, securities companies, insurance companies,
           lembaga kliring penyelesaian dan penyimpanan, dengan                   and clearing and settlement institutions, in accordance with
           memenuhi ketentuan yang ditetapkan oleh pihak yang                     applicable regulations;
           berwenang;
       2) Melakukan kegiatan penyertaan modal sementara untuk                  2) Conduct temporary equity participation to resolve credit
           mengatasi akibat kegagalan kredit, dengan syarat harus                 failure, subject to applicable regulations and with mandatory
           menarik kembali penyertaannya, dengan memenuhi                         divestment;
           ketentuan yang ditetapkan oleh pihak yang berwenang;
       3) Membeli agunan, baik sebagian maupun semua, melalui                  3) Acquire collateral, in whole or in part, through auction
           pelelangan atau dengan cara lain dalam hal debitur tidak               or other means in the event of debtor default, with the
           memenuhi kewajibannya kepada bank, dengan ketentuan                    obligation to promptly liquidate such collateral.
           agunan yang dibeli tersebut wajib dicairkan secepatnya

 2. Menyetujui untuk memberikan kewenangan kepada anggota               2. Granted authority to members of the Board of Directors, individually
    Direksi Perseroan baik sendiri-sendiri maupun bersama-sama             or jointly, to:
    untuk:
    a. Menyatakan kembali perubahan Pasal 3 ayat (2) Anggaran              a. Restate the amendments to Article 3 paragraph (2) of the
       Dasar Perseroan yang telah disetujui pada keputusan butir              Articles of Association as approved above and to compile and
       1 di atas dan juga untuk menyusun dan menyajikan kembali               consolidate the entire Articles of Association into a Notarial
       seluruh pasal-pasal Anggaran Dasar Perseroan, sebagaimana              Deed in accordance with prevailing laws and regulations;
       terlampir dalam Lampiran Keputusan Sirkuler ini, menjadi satu
       Akta Notaris sesuai dengan ketentuan perundang-undangan
       yang berlaku.
    b. Mengajukan permohonan kepada Menteri Hukum Republik                 b. Submit applications to the Minister of Law of the Republic
       Indonesia untuk mendapatkan persetujuan dan/atau tanda                 of Indonesia for approval and/or acknowledgment of the
       penerimaan pemberitahuan perubahan Anggaran Dasar                      amendments to the Articles of Association, and to perform
       kepada Menteri Hukum Republik Indonesia maupun instansi                all necessary actions in accordance with applicable laws and
       lainnya, serta melakukan segala tindakan yang diperlukan               regulations.
       sesuai dengan ketentuan perundang-undangan yang berlaku.

 Status: Terealisasi                                                    Status: Realized


Pelaksanaan RUPS Luar Biasa Tanggal                                       Extraordinary General Meeting of Shareholders
25 September 2025 dan Realisasinya                                        held on 25 September 2025 and its realization.


                        Dilaksanakan secara sirkuler dengan dokumen Keputusan Sirkuler ditandatangani oleh seluruh Pemegang Saham
    Pelaksanaan         tanggal 25 September 2025.
  Implementation        Conducted through a circular resolution, with the Circular Resolution document signed by all Shareholders on
                        25 September 2025.

                        Keputusan Sirkuler Pemegang Saham di bawah tangan untuk Pelaksanaan RUPS Luar Biasa telah diaktakan dengan
                        akta Pernyataan Keputusan Sirkuler Pemegang Saham PT Bank Mandiri Taspen No. 18 tanggal 25 September 2025
                        yang dibuat di hadapan Notaris Zulkifli Harahap, SH dan Hasil Keputusan Sirkuler Pemegang Saham telah tersebut
    Hasil RUPS
                        dilaporkan kepada Otoritas Jasa Keuangan.
   Results of the       The Circular Resolution of Shareholders executed privately for the Extraordinary General Meeting of Shareholders
       GMS              (EGMS) was notarized under the Deed of Statement of Circular Resolution of Shareholders of PT Bank Mandiri Taspen
                        No. 18 dated September 25, 2025, drawn up before Notary Zulkifli Harahap. The results of the Circular Resolution of
                        Shareholders were subsequently reported to the Otoritas Jasa Keuangan.




    488                                                                                                                    Laporan Tahunan 2025
Page 489
                                                                                                                                      PT Bank Mandiri Taspen




Keputusan dan Realisasi RUPS Luar Biasa Tanggal                                       Decisions and realization of the Extraordinary General
25 September 2025                                                                     Meeting of Shareholders held on 25 September 2025.


                                   Agenda                                                                              Agenda

 Persetujuan Perubahan Susunan Anggota Direksi dan Dewan                            Approval of changes to the composition of the Company’s Board of
 Komisaris Perseroan                                                                Directors and Board of Commissioners.

 Keputusan:                                                                         Resolution:
 1. Menyetujui untuk menerima pengunduran diri Bapak Elmamber                       1. Approved the acceptance of the resignation of Mr. Elmamber
    Petamu Sinaga dari jabatannya sebagai Direktur Utama Perseroan                     Petamu Sinaga from his position as President Director of the
    terhitung efektif sejak tanggal 27 Juni 2025 disertai dengan                       Company, effective as of 27 June 2025, with appreciation for his
    ucapan terima kasih atas sumbangan tenaga dan pemikirannya                         contributions and services during his tenure as President Director
    selama menjabat sebagai Direktur Utama Perseroan.                                  of the Company.
 2. Menyetujui pemberhentian dengan hormat Ibu Hendrika Nora Osloi                  2. Approved the honorable dismissal of Ms. Hendrika Nora Osloi
    Sinaga dari jabatannya sebagai Komisaris Perseroan terhitung                       Sinaga from her position as Commissioner of the Company, effective
    efektif sejak Tanggal Keputusan Sirkuler ini disertai dengan ucapan                as of the date of this Circular Resolution, with appreciation for her
    terima kasih atas sumbangan tenaga dan pemikirannya selama                         contributions and services during her tenure as Commissioner of
    menjabat sebagai Komisaris Perseroan.                                              the Company.
 3. Menyatakan bahwa terhitung sejak Tanggal Keputusan Sirkuler ini,                3. Declared that, effective as of the date of this Circular Resolution,
    susunan Dewan Komisaris dan Direksi Perseroan menjadi sebagai                      the composition of the Company’s Board of Commissioners and
    berikut:                                                                           Board of Directors is as follows:



      No.              Nama                            Jabatan                           No.               Name                            Position

                              Dewan Komisaris                                                                 Board of Commissioners

       1     Mustaslimah                    Komisaris Utama                               1     Mustaslimah                     President Commissioner

       2     Vacant                         Komisaris                                     2     Vacant                          Commissioner

       3     Suhajar Diantoro*              Komisaris                                     3     Suhajar Diantoro*               Commissioner

       4     Boedi Armanto                  Komisaris Independen                          4     Boedi Armanto                   Independent Commissioner

    *berlaku efektif setelah yang bersangkutan mendapat persetujuan dari Otoritas      *effective upon receipt of approval from the Financial Services Authority (OJK)
    Jasa Keuangan atas penilaian kemampuan dan kepatutan (fit and proper test).        following the fit and proper test assessment of the respective individual.



      No.              Nama                            Jabatan                           No.               Name                            Position

                                     Direksi                                                                     Board of Directors

       1     Vacant                         Direktur Utama                                1     Vacant                          President Director

       2     Maswar Purnama                 Direktur                                      2     Maswar Purnama                  Director

                                            Direktur Compliance &                                                               Director of Compliance &
       3     Resi Lora                                                                    3     Resi Lora
                                            Control                                                                             Control

       4     Widi Nugroho                   Direktur                                      4     Widi Nugroho                    Director

       5     Putu Apriyanto                 Direktur                                      5     Putu Apriyanto                  Director


 Status: Terealisasi                                                                Status: Realized



Pelaksanaan RUPS Luar Biasa Tanggal                                                   Extraordinary General Meeting of Shareholders
4 Desember 2025 dan Realisasinya                                                      held on December 4, 2025 and its realization.


                           Dilaksanakan secara sirkuler dengan dokumen Keputusan Sirkuler ditandatangani oleh seluruh Pemegang Saham
    Pelaksanaan            tanggal 4 Desember 2025.
  Implementation           Conducted through a circular resolution, with the Circular Resolution document signed by all Shareholders on December
                           4, 2025.




2025 Annual Report                                                                                                                                        489
Page 490
Corporate Governance
Corporate Governance




                         Keputusan Sirkuler Pemegang Saham di bawah tangan untuk Pelaksanaan RUPS Luar Biasa telah diaktakan dengan
                         akta Pernyataan Keputusan Sirkuler Pemegang Saham PT Bank Mandiri Taspen No. 25 tanggal 18 Desember 2025
                         yang dibuat di hadapan Notaris Zulkifli Harahap, SH dan Hasil Keputusan Sirkuler Pemegang Saham telah tersebut
    Hasil RUPS
                         dilaporkan kepada Otoritas Jasa Keuangan.
   Results of the        The Circular Resolution of Shareholders executed privately for the Extraordinary General Meeting of Shareholders
       GMS               (EGMS) was notarized under the Deed of Statement of Circular Resolution of Shareholders of PT Bank Mandiri Taspen
                         No. 25 dated December 18, 2025, drawn up before Notary Zulkifli Harahap. The results of the Circular Resolution of
                         Shareholders were subsequently reported to the Otoritas Jasa Keuangan.




Keputusan dan Realisasi RUPS Luar Biasa Tanggal                             Decisions and realization of the Extraordinary General
4 Desember 2025                                                             Meeting of Shareholders held on December 4, 2025


                               Agenda                                                                    Agenda

 Perubahan Susunan Anggota Direksi dan Dewan Komisaris Perseroan.         Changes to the composition of the Company’s Board of Directors and
                                                                          Board of Commissioners.

 Keputusan:                                                               Resolution:
 1. Menyetujui pemberhentian dengan hormat Bapak Maswar                   1. Approved the honorable dismissal of Mr. Maswar Purnama from
    Purnama dari jabatannya sebagai Direktur Perseroan terhitung             his position as Director of the Company, effective as of the date of
    efektif sejak Tanggal Keputusan Sirkuler ini disertai dengan ucapan      this Circular Resolution, with appreciation for his contributions and
    terima kasih atas sumbangan tenaga dan pemikirannya selama               services during his tenure as Director of the Company.
    menjabat sebagai Direktur Perseroan.
 2. Menyetujui pemberhentian dengan hormat Bapak Widi Nugroho             2. Approved the honorable dismissal of Mr. Widi Nugroho from his
    dari jabatannya sebagai Direktur Perseroan terhitung efektif sejak       position as Director of the Company, effective as of the date of this
    Tanggal Keputusan Sirkuler ini disertai dengan ucapan terima             Circular Resolution, with appreciation for his contributions and
    kasih atas sumbangan tenaga dan pemikirannya selama menjabat             services during his tenure as Director of the Company.
    sebagai Direktur Perseroan.
 3. Menyetujui pemberhentian dengan hormat Bapak Putu Apriyanto           3. Approved the honorable dismissal of Mr. Putu Apriyanto from his
    dari jabatannya sebagai Direktur Perseroan terhitung efektif sejak       position as Director of the Company, effective as of the date of this
    Tanggal Keputusan Sirkuler ini disertai dengan ucapan terima             Circular Resolution, with appreciation for his contributions and
    kasih atas sumbangan tenaga dan pemikirannya selama menjabat             services during his tenure as Director of the Company.
    sebagai Direktur Perseroan.
 4. Menyetujui pemberhentian dengan hormat Ibu Resi Lora dari             4. Approved the honorable dismissal of Ms. Resi Lora from her position
    jabatannya sebagai Direktur Compliance & Control Perseroan               as Director of Compliance & Control of the Company, effective as
    terhitung efektif sejak Tanggal Keputusan Sirkuler ini disertai          of the date of this Circular Resolution, with appreciation for her
    dengan ucapan terima kasih atas sumbangan tenaga dan                     contributions and services during her tenure as Director of the
    pemikirannya selama menjabat sebagai Direktur Perseroan.                 Company.
 5. Menyetujui pemberhentian dengan hormat Ibu Mustaslimah dari           5. Approved the honorable dismissal of Ms. Mustaslimah from her
    jabatannya sebagai Komisaris Utama Perseroan terhitung efektif           position as President Commissioner of the Company, effective
    sejak Tanggal Keputusan Sirkuler ini disertai dengan ucapan terima       as of the date of this Circular Resolution, with appreciation for
    kasih atas sumbangan tenaga dan pemikirannya selama menjabat             her contributions and services during her tenure as President
    sebagai Komisaris Utama Perseroan.                                       Commissioner of the Company.
 6. Menyetujui pengangkatan Bapak Panji Irawan sebagai Direktur Utama     6. Approved the appointment of Mr. Panji Irawan as President
    Perseroan terhitung efektif sejak Tanggal Keputusan Sirkuler dan         Director of the Company, effective as of the date of this Circular
    berakhir pada penutupan Rapat Umum Pemegang Saham Tahunan                Resolution and until the closing of the 3rd Annual General
    yang ke-3 (tiga) sejak pengangkatannya, yang akan diselenggarakan        Meeting of Shareholders following his appointment, to be held
    pada tahun 2028 (dua ribu dua puluh delapan), dengan tidak               in 2028, without prejudice to the right of the General Meeting of
    mengurangi hak dari Rapat Umum Pemegang Saham untuk sewaktu-             Shareholders to dismiss him at any time in accordance with the
    waktu memberhentikan sesuai Anggaran Dasar Perseroan.                    Company’s Articles of Association.
 7. Menyetujui pengangkatan Bapak Rudi As Aturridha sebagai               7. Approved the appointment of Mr. Rudi As Aturridha as Vice
    Wakil Direktur Utama Perseroan terhitung efektif sejak                   President Director of the Company, effective as of the date of this
    Tanggal Keputusan Sirkuler dan berakhir pada penutupan                   Circular Resolution and until the closing of the 3rd Annual General
    Rapat Umum Pemegang Saham Tahunan yang ke-3 (tiga) sejak                 Meeting of Shareholders following his appointment, to be held
    pengangkatannya, yang akan diselenggarakan pada tahun                    in 2028, without prejudice to the right of the General Meeting of
    2028 (dua ribu dua puluh delapan), dengan tidak mengurangi               Shareholders to dismiss him at any time in accordance with the
    hak dari Rapat Umum Pemegang Saham untuk sewaktu-waktu                   Company’s Articles of Association.
    memberhentikan sesuai Anggaran Dasar Perseroan.
 8. Menyetujui pengangkatan Bapak Mahrauza Purnaditya sebagai             8. Approved the appointment of Mr. Mahrauza Purnaditya as Director
    Direktur Perseroan terhitung efektif sejak Tanggal Keputusan             of the Company, effective as of the date of this Circular Resolution
    Sirkuler dan berakhir pada penutupan Rapat Umum Pemegang                 and until the closing of the 3rd Annual General Meeting of
    Saham Tahunan yang ke-3 (tiga) sejak pengangkatannya, yang akan          Shareholders following his appointment, to be held in 2028, without
    diselenggarakan pada tahun 2028 (dua ribu dua puluh delapan),            prejudice to the right of the General Meeting of Shareholders to
    dengan tidak mengurangi hak dari Rapat Umum Pemegang Saham               dismiss him at any time in accordance with the Company’s Articles
    untuk sewaktu-waktu memberhentikan sesuai Anggaran Dasar                 of Association.
    Perseroan.
 9. Menyetujui pengangkatan Bapak Henrisa Yunan Lubis sebagai             9. Approved the appointment of Mr. Henrisa Yunan Lubis as Director of
    Direktur Perseroan terhitung efektif sejak Tanggal Keputusan             the Company, effective as of the date of this Circular Resolution and
    Sirkuler dan berakhir pada penutupan Rapat Umum Pemegang                 until the closing of the 3rd Annual General Meeting of Shareholders
    Saham Tahunan yang ke-3 (tiga) sejak pengangkatannya, yang akan          following his appointment, to be held in 2028, without prejudice to
    diselenggarakan pada tahun 2028 (dua ribu dua puluh delapan),            the right of the General Meeting of Shareholders to dismiss him at
    dengan tidak mengurangi hak dari Rapat Umum Pemegang Saham               any time in accordance with the Company’s Articles of Association.
    untuk sewaktu-waktu memberhentikan sesuai Anggaran Dasar
    Perseroan.




    490                                                                                                                    Laporan Tahunan 2025
Page 491
                                                                                                                     PT Bank Mandiri Taspen




 10. Menyetujui pengangkatan Ibu Rima Cahyani sebagai Direktur          10. Approved the appointment of Ms. Rima Cahyani as Director of the
     Perseroan terhitung efektif sejak Tanggal Keputusan Sirkuler           Company, effective as of the date of this Circular Resolution and
     dan berakhir pada penutupan Rapat Umum Pemegang Saham                  until the closing of the 3rd Annual General Meeting of Shareholders
     Tahunan yang ke-3 (tiga) sejak pengangkatannya, yang akan              following her appointment, to be held in 2028, without prejudice to
     diselenggarakan pada tahun 2028 (dua ribu dua puluh delapan),          the right of the General Meeting of Shareholders to dismiss her at
     dengan tidak mengurangi hak dari Rapat Umum Pemegang Saham             any time in accordance with the Company’s Articles of Association.
     untuk sewaktu-waktu memberhentikan sesuai Anggaran Dasar
     Perseroan.
 11. Menyetujui pengangkatan Bapak Rio Lanasier sebagai Direktur        11. Approved the appointment of Mr. Rio Lanasier as Director of
     Compliance & Human Resource Perseroan terhitung efektif                Compliance & Human Resources of the Company, effective as
     sejak Tanggal Keputusan Sirkuler dan berakhir pada penutupan           of the date of this Circular Resolution and until the closing of
     Rapat Umum Pemegang Saham Tahunan yang ke-3 (tiga) sejak               the 3rd Annual General Meeting of Shareholders following his
     pengangkatannya, yang akan diselenggarakan pada tahun                  appointment, to be held in 2028, without prejudice to the right of
     2028 (dua ribu dua puluh delapan), dengan tidak mengurangi             the General Meeting of Shareholders to dismiss him at any time in
     hak dari Rapat Umum Pemegang Saham untuk sewaktu-waktu                 accordance with the Company’s Articles of Association.
     memberhentikan sesuai Anggaran Dasar Perseroan.
 12. Menyetujui pengangkatan Ibu Rizky Olyvia Nasution sebagai          12. Approved the appointment of Ms. Rizky Olyvia Nasution as
     Direktur Perseroan terhitung efektif sejak Tanggal Keputusan           Director of the Company, effective as of the date of this Circular
     Sirkuler dan berakhir pada penutupan Rapat Umum Pemegang               Resolution and until the closing of the 3rd Annual General
     Saham Tahunan yang ke-3 (tiga) sejak pengangkatannya, yang akan        Meeting of Shareholders following her appointment, to be held
     diselenggarakan pada tahun 2028 (dua ribu dua puluh delapan),          in 2028, without prejudice to the right of the General Meeting of
     dengan tidak mengurangi hak dari Rapat Umum Pemegang Saham             Shareholders to dismiss her at any time in accordance with the
     untuk sewaktu-waktu memberhentikan sesuai Anggaran Dasar               Company’s Articles of Association.
     Perseroan.
 13. Menyetujui pengangkatan Bapak Noer Fajrieansyah sebagai            13. Approved the appointment of Mr. Noer Fajrieansyah as Director of
     Direktur Perseroan terhitung efektif sejak Tanggal Keputusan           the Company, effective as of the date of this Circular Resolution and
     Sirkuler dan berakhir pada penutupan Rapat Umum Pemegang               until the closing of the 3rd Annual General Meeting of Shareholders
     Saham Tahunan yang ke-3 (tiga) sejak pengangkatannya, yang akan        following his appointment, to be held in 2028, without prejudice to
     diselenggarakan pada tahun 2028 (dua ribu dua puluh delapan),          the right of the General Meeting of Shareholders to dismiss him at
     dengan tidak mengurangi hak dari Rapat Umum Pemegang Saham             any time in accordance with the Company’s Articles of Association.
     untuk sewaktu-waktu memberhentikan sesuai Anggaran Dasar
     Perseroan.
 14. Menyetujui pengangkatan Bapak Junaidi Hisom sebagai Komisaris      14. Approved the appointment of Mr. Junaidi Hisom as President
     Utama merangkap Komisaris Independen Perseroan terhitung               Commissioner concurrently Independent Commissioner of the
     efektif sejak Tanggal Keputusan Sirkuler dan berakhir pada             Company, effective as of the date of this Circular Resolution and
     penutupan Rapat Umum Pemegang Saham Tahunan yang ke-3                  until the closing of the 3rd Annual General Meeting of Shareholders
     (tiga) sejak pengangkatannya, yang akan diselenggarakan pada           following his appointment, to be held in 2028, without prejudice to
     tahun 2028 (dua ribu dua puluh delapan), dengan tidak mengurangi       the right of the General Meeting of Shareholders to dismiss him at
     hak dari Rapat Umum Pemegang Saham untuk sewaktu-waktu                 any time in accordance with the Company’s Articles of Association.
     memberhentikan sesuai Anggaran Dasar Perseroan.
 15. Menyetujui pengangkatan Bapak Prasetio sebagai Komisaris           15. Approved the appointment of Mr. Prasetio as Independent
     Independen Perseroan terhitung efektif sejak Tanggal Keputusan         Commissioner of the Company, effective as of the date of this
     Sirkuler dan berakhir pada penutupan Rapat Umum Pemegang               Circular Resolution and until the closing of the 3rd Annual General
     Saham Tahunan yang ke-3 (tiga) sejak pengangkatannya, yang akan        Meeting of Shareholders following his appointment, to be held
     diselenggarakan pada tahun 2028 (dua ribu dua puluh delapan),          in 2028, without prejudice to the right of the General Meeting of
     dengan tidak mengurangi hak dari Rapat Umum Pemegang Saham             Shareholders to dismiss him at any time in accordance with the
     untuk sewaktu-waktu memberhentikan sesuai Anggaran Dasar               Company’s Articles of Association.
     Perseroan.
 16. Menyetujui pengangkatan Bapak Marjana sebagai Komisaris            16. Approved the appointment of Mr. Marjana as Independent
     Independen Perseroan terhitung efektif sejak Tanggal Keputusan         Commissioner of the Company, effective as of the date of this
     Sirkuler dan berakhir pada penutupan Rapat Umum Pemegang               Circular Resolution and until the closing of the 3rd Annual General
     Saham Tahunan yang ke-3 (tiga) sejak pengangkatannya, yang akan        Meeting of Shareholders following his appointment, to be held
     diselenggarakan pada tahun 2028 (dua ribu dua puluh delapan),          in 2028, without prejudice to the right of the General Meeting of
     dengan tidak mengurangi hak dari Rapat Umum Pemegang Saham             Shareholders to dismiss him at any time in accordance with the
     untuk sewaktu-waktu memberhentikan sesuai Anggaran Dasar               Company’s Articles of Association.
     Perseroan.
 17. Menyetujui pengangkatan Ibu Suwartini sebagai Komisaris            17. Approved the appointment of Ms. Suwartini as Independent
     Independen Perseroan terhitung efektif sejak Tanggal Keputusan         Commissioner of the Company, effective as of the date of this
     Sirkuler dan berakhir pada penutupan Rapat Umum Pemegang               Circular Resolution and until the closing of the 3rd Annual General
     Saham Tahunan yang ke-3 (tiga) sejak pengangkatannya, yang akan        Meeting of Shareholders following her appointment, to be held
     diselenggarakan pada tahun 2028 (dua ribu dua puluh delapan),          in 2028, without prejudice to the right of the General Meeting of
     dengan tidak mengurangi hak dari Rapat Umum Pemegang Saham             Shareholders to dismiss her at any time in accordance with the
     untuk sewaktu-waktu memberhentikan sesuai Anggaran Dasar               Company’s Articles of Association..
     Perseroan.
 18. Menyetujui pengangkatan Bapak Edi Eko Cahyono sebagai              18. Approved the appointment of Mr. Edi Eko Cahyono as
     Komisaris Perseroan terhitung efektif sejak Tanggal Keputusan          Commissioner of the Company, effective as of the date of this
     Sirkuler dan berakhir pada penutupan Rapat Umum Pemegang               Circular Resolution and until the closing of the 3rd Annual General
     Saham Tahunan yang ke-3 (tiga) sejak pengangkatannya, yang akan        Meeting of Shareholders following his appointment, to be held
     diselenggarakan pada tahun 2028 (dua ribu dua puluh delapan),          in 2028, without prejudice to the right of the General Meeting of
     dengan tidak mengurangi hak dari Rapat Umum Pemegang Saham             Shareholders to dismiss him at any time in accordance with the
     untuk sewaktu-waktu memberhentikan sesuai Anggaran Dasar               Company’s Articles of Association.
     Perseroan.




2025 Annual Report                                                                                                                     491
Page 492
Corporate Governance
Corporate Governance




 19. Menyatakan bahwa terhitung sejak Tanggal Keputusan Sirkuler ini,      19. Declared that, effective as of the date of this Circular Resolution,
     susunan Dewan Komisaris dan Direksi Perseroan menjadi sebagai             the composition of the Company’s Board of Commissioners and
     berikut:                                                                  Board of Directors is as follows:


      No.              Nama                        Jabatan                      No.               Name                            Position

                             Dewan Komisaris                                                         Board of Commissioners

                                        Komisaris Utama                                                                President Commissioner
       1     Junaidi Hisom*             merangkap Komisaris                      1     Junaidi Hisom*                  concurrently Independent
                                        Independen                                                                     Commissioner

       2     Boedi Armanto              Komisaris Independen                     2     Boedi Armanto                   Independent Commissioner

       3     Suhajar Diantoro*          Komisaris                                3     Suhajar Diantoro*               Commissioner

       4     Prasetio*                  Komisaris Independen                     4     Prasetio*                       Independent Commissioner

       5     Marjana*                   Komisaris Independen                     5     Marjana*                        Independent Commissioner

       6     Suwartini*                 Komisaris Independen                     6     Suwartini*                      Independent Commissioner

       7     Edi Eko Cahyono*           Komisaris                                7     Edi Eko Cahyono*                Commissioner

    *Penetapan pengangkatan tersebut berlaku efektif sejak mendapatkan        *The appointment shall be effective upon approval from the Financial Services
    persetujuan dari Otoritas Jasa Keuangan atas penilaian kemampuan dan      Authority (OJK) following the fit and proper test assessment.
    kepatutan (fit and proper test).



      No.              Nama                        Jabatan                      No.               Name                            Position

                                  Direksi                                                               Board of Directors

       1     Panji Irawan*              Direktur Utama                           1     Panji Irawan*                   President Director

       2     Rudi As Aturridha*         Wakil Direktur Utama                     2     Rudi As Aturridha*              Vice President Director

                                        Direktur Compliance &                                                          Director of Compliance &
       3     Rio Lanasier*                                                       3     Rio Lanasier*
                                        Human Resource                                                                 Human Resources

       4     Henrisa Yunan Lubis*       Direktur                                 4     Henrisa Yunan Lubis*            Director

       5     Rima Cahyani*              Direktur                                 5     Rima Cahyani*                   Director

       6     Mahrauza Purnaditya*       Direktur                                 6     Mahrauza Purnaditya*            Director

       7     Rizky Olyvia Nasution*     Direktur                                 7     Rizky Olyvia Nasution*          Director

       8     Noer Fajrieansyah*         Direktur                                 8     Noer Fajrieansyah*              Director

    *Penetapan pengangkatan tersebut berlaku efektif sejak mendapatkan        *The appointment shall become effective upon approval from the Financial
    persetujuan dari Otoritas Jasa Keuangan atas penilaian kemampuan dan      Services Authority (OJK) following the fit and proper test (fit and proper test
    kepatutan (fit and proper test).                                          assessment).

 Status: Terealisasi                                                       Status: Realized


Pelaksanaan RUPS Tahunan 2024                                                The Implementation of 2024 Annual GMS and
dan Realisasinya                                                             its Realization


                          Dilaksanakan secara sirkuler dengan dokumen Keputusan Sirkuler ditandatangani oleh seluruh Pemegang Saham
    Pelaksanaan
                          tanggal 27 Juni 2024.
  Implementation          Implemented circularly with a Circular Decision signed by all Shareholders on June 27, 2024.

                          Keputusan Sirkuler Pemegang Saham di bawah tangan untuk Pelaksanaan RUPS Tahunan telah diaktakan dengan
                          akta Pernyataan Keputusan Sirkuler Pemegang Saham PT Bank Mandiri Taspen No. 17 tanggal 27 Juni 2024 dan
                          Akta Nomor 18 tanggal 27 Juni 2024  yang dibuat dihadapan Notaris Zulkifli Harahap, SH dan Hasil Keputusan Sirkuler
    Hasil RUPS
                          Pemegang Saham telah tersebut dilaporkan kepada Otoritas Jasa Keuangan.
   Results of the         The Shareholders’ Circular Decision concerning the Annual GMS implementation was notarized under the deed of
       GMS                Circular Decision Statement of Shareholders of PT Bank Mandiri Taspen No. 17 dated June 27, 2024 and deeds number
                          17 and 18, dated June 27, 2024 by Notary Zulkifli Harahap, SH, and the results of the Circular Decision of Shareholders
                          were reported to the Financial Services Authority.




    492                                                                                                                            Laporan Tahunan 2025
Page 493
                                                                                                                      PT Bank Mandiri Taspen




Keputusan dan Realisasi RUPS Tahunan 2024                                   Decision and Realization of The 2024 Annual GMS


                          Agenda Pertama                                                              First Agenda

 Persetujuan Laporan Tahunan dan Laporan Tugas Pengawasan                 Approval of the Annual Report, Board of Commissioners’ Supervisory
 Dewan Komisaris Serta Pengesahan Laporan Keuangan Perseroan              Report, and ratification of the Company’s Financial Statements for
 Untuk Tahun Buku Yang Berakhir Pada Tanggal 31 Desember 2023             the year ending December 31, 2023, Including Granting Full Release
 Termasuk Memberikan Pembebasan Dan Pelunasan Tanggung                    and Discharge (Volledig Acquit Et De Charge) to All Members of the
 Jawab Sepenuhnya (Volledig Acquit Et De Charge) Terhadap                 Board of Directors and Members of the Board of Commissioners of the
 Seluruh Anggota Direksi Dan Anggota Dewan Komisaris Perseroan            Company in Connection with the Management and Supervision of the
 Sehubungan Dengan Pengurusan Dan Pengawasan Perseroan yang               Company that Have Been Carried Out During the Financial Year Ending
 Telah Dijalankan Selama Tahun Buku Yang Berakhir Pada Tanggal            on December 31, 2023, As Long As Such Activities Are Reflected in
 31 Desember 2023, Sepanjang Aktivitas Tersebut Tercermin Dalam           the Annual Report.
 Laporan Tahunan.

 Keputusan:                                                               Decision:
 1. Menyetujui Laporan Tahunan Perseroan termasuk Laporan Tugas           1. To approve the Company’s Annual Report , which includes the
    Pengawasan Dewan Komisaris Perseroan untuk tahun buku yang               Supervisory Report from the Board of Commissioners, and
    berakhir pada tanggal 31 Desember 2023 dan mengesahkan                   ratifying the Company’s Financial Statements for the financial
    Laporan Keuangan Perseroan untuk tahun buku yang berakhir pada           year ending December 31, 2023 which have been audited by the
    tanggal 31 Desember 2023 yang telah diaudit oleh Kantor Akuntan          Public Accounting Firm Tanudiredja, Wibisana, Rintis & Rekan
    Publik Tanudiredja, Wibisana, Rintis & Rekan (PwC Indonesia),            (PwC Indonesia), with the opinion “Presenting Fairly, In All
    dengan opini “MENYAJIKAN SECARA WAJAR, DALAM SEMUA                       Material Respects” as stated in the report Number 00029/2.1025/
    HAL YANG MATERIAL” sebagaimana dinyatakan dalam laporan                  AU.1/07/0229-1/1/I/2024 dated January 31, 2024.
    Nomor 00029/2.1025/AU.1/07/0229-1/1/I/2024 tanggal 31
    Januari 2024.
 2. Atas disetujuinya Laporan Tahunan Perseroan termasuk Laporan          2. Following the approval of the Company’s Annual Report including
    Tugas Pengawasan Dewan Komisaris Perseroan untuk tahun buku              the Board of Commissioners’ Supervisory Duties Report for FY
    yang berakhir pada tanggal 31 Desember 2023 serta disahkannya            2023 and the ratification of the Company’s Financial Statements
    Laporan Keuangan Perseroan untuk tahun buku yang berakhir                for Fiscal Year 2022, this Circular Decision granted full release
    pada tanggal 31 Desember 2022, maka Keputusan Sirkuler                   and discharge of responsibility (volledig acquit et de charge) to all
    ini memberikan pembebasan dan pelunasan tanggung jawab                   members of the Board of Directors and Board of Commissioners
    sepenuhnya (volledig acquit et de charge) terhadap seluruh anggota       in connection with the management and supervision of the
    Direksi dan Dewan Komisaris sehubungan dengan pengurusan dan             Company that has been carried out, during the financial year
    pengawasan Perseroan yang telah dijalankan, selama tahun buku            ending on December 31, 2023, to the extent that such actions
    yang berakhir pada tanggal 31 Desember 2023, sejauh tindakan             did not constitute criminal acts and such actions were reflected in
    tersebut bukan merupakan tindakan pidana dan tindakan tersebut           the Annual Report and Financial Statements for the financial year
    tercermin dalam Laporan Tahunan dan Laporan Keuangan untuk               ending on December 31, 2023.
    tahun buku yang berakhir pada tanggal 31 Desember 2023.

 Status: Terealisasi                                                      Status: Realized


                           Agenda Kedua                                                             Second Agenda

 Persetujuan Penggunaan Laba Bersih Perseroan Untuk Tahun Buku            Approval of the Use of the Company’s Net Profit for the Fiscal Year
 Yang Berakhir Pada Tanggal 31 Desember 2023.                             Ending December 31, 2023.

 Keputusan:                                                               Decision:
 1. Menyetujui dan menetapkan penggunaan laba bersih Perseroan            1. To approve and determine the allocation of the Company’s net profit
    untuk Tahun Buku 2023 sebesar Rp1.409.403.831.063,- (satu                for the 2023 Fiscal Year amounting to IDR 1,409,403,831,063,-
    triliun empat ratus sembilan miliar empat ratus tiga juta delapan        (one trillion four hundred nine billion four hundred three million
    ratus tiga puluh satu ribu enam puluh tiga rupiah) yaitu sebagai         eight hundred thirty one thousand sixty three rupiah), namely as
    berikut:                                                                 follows:
    a. Sejumlah 10,00% dari Laba Bersih Perseroan atau sebesar               a. An amount of 10.00% of the Company’s Net Profit or
         Rp140.940.383.106,- (seratus empat puluh miliar empat ratus             IDR140,940,383,106,- (one hundred and forty billion four
         sembilan puluh juta tiga ratus delapan puluh tiga ribu seratus          hundred and ninety million three hundred and eighty three
         enam rupiah) dibagikan sebagai dividen tunai kepada Para                thousand one hundred and six rupiah) was distributed as cash
         Pemegang Saham.                                                         dividends to Shareholders.
    b. Sejumlah 90,00% dari Laba Bersih Perseroan atau sebesar               b. An amount of 90.00% of the Company’s Net Profit or
         Rp1.268.463.447.957,-(satu triliun dua ratus enam puluh                 IDR1,268,463,447,957,- (one trillion two hundred sixty eight
         delapan miliar empat ratus enam puluh tiga juta empat ratus             billion four hundred sixty three million four hundred forty seven
         empat puluh tujuh ribu sembilan ratus lima puluh tujuh rupiah)          thousand nine hundred fifty seven rupiah) was allocated as
         ditetapkan sebagai laba ditahan.                                        retained earnings.
 2. Memberikan wewenang dan kuasa kepada Direksi untuk mengatur           2. To grant authority and power to the Board of Directors to regulate
    tata cara alokasi laba bersih Perseroan tersebut di atas, sesuai         the procedures for allocating the Company’s net profit as stated
    dengan peraturan perundang-undangan yang berlaku.                        above, following the applicable laws and regulations.

 Status: Terealisasi                                                      Status: Realized




2025 Annual Report                                                                                                                      493
Page 494
Corporate Governance
Corporate Governance




                          Agenda Ketiga                                                             Third Agenda

 Persetujuan Penunjukan Kantor Akuntan Publik dan Akuntan Publik         Approval of the Appointment of a Public Accounting Firm and Public
 Untuk Mengaudit Laporan Keuangan Perseroan Untuk Tahun Buku             Accountant to Audit the Company’s Financial Statements for the Fiscal
 Yang Akan Berakhir Pada Tanggal 31 Desember 2024 Serta Penetapan        Year Ending on December 31, 2024 and Determination of the Fees/
 Biaya/Honorariumnya.                                                    Honorarium.

 Keputusan:                                                              Decision:
 1. Menetapkan Kantor Akuntan Publik Purwantono, Sungkoro & Surja        1. To appoint Public Accounting Firm Purwantono, Sungkoro &
    (a member of Firm Ernst & Young Global Limited) dan Akuntan             Surja (a member of Firm Ernst & Young Global Limited) and Public
    Publik Yovita untuk mengaudit Laporan Keuangan Perseroan untuk          Accountant Yovita to audit the Company’s Financial Statements for
    tahun buku yang berakhir pada tanggal 31 Desember 2024.                 the fiscal year ending December 31, 2024.
 2. Memberikan wewenang dan kuasa kepada Dewan Komisaris untuk           2. To grant authority and power to the Board of Commissioners to
    menetapkan honorarium dan persyaratan lainnya bagi Kantor               determine the honorarium and other requirements for the Public
    Akuntan Publik dan Akuntan Publik tersebut, serta menetapkan            Accounting Firm and Public Accountant, as well as determining
    Kantor Akuntan Publik dan/atau Akuntan Publik pengganti dalam           a replacement Public Accounting Firm and/or Public Accountant
    hal Kantor Akuntan Publik Purwantono, Sungkoro & Surja (a               in case the Public Accounting Firm of Purwantono, Sungkoro
    member of Firm Ernst & Young Global Limited) dan/atau Akuntan           & Surja (a member of Firm Ernst & Young Global Limited) and/or
    Publik Yovita, karena sebab apapun tidak dapat menyelesaikan            Public Accountant Yovita, for any reason, was unable to complete
    proses audit Laporan Keuangan Perseroan untuk tahun buku                the audit process of the Company’s Financial Statements for the
    yang berakhir pada tanggal 31 Desember 2024. Apabila terdapat           fiscal year ending on December 31, 2024. If there was a change in
    pergantian Kantor Akuntan Publik dan/atau Akuntan Publik,               the Public Accounting Firm and/or Public Accountant, the Board of
    Dewan Komisaris memberikan laporan ke Pemegang Saham.                   Commissioners should provide a report to the Shareholders.

 Status: Terealisasi                                                     Status: Realized


                         Agenda Keempat                                                            Fourth Agenda

 Penetapan Tantiem Bagi Anggota Direksi dan Dewan Komisaris              Determination of Tantiem for Members of the Board of Directors and
 Perseroan Untuk Tahun Buku Yang Berakhir Pada 31 Desember 2023          Board of Commissioners of the Company for the Fiscal Year Ending
 Serta Penetapan Gaji Anggota Direksi Dan Honorarium Anggota             on December 31, 2023 and Determination of Salaries for Members
 Dewan Komisaris Dan Pemberian Fasilitas, Benefit dan/atau Tunjangan     of the Board of Directors and Honorarium for Members of the Board
 Lainnya Untuk Tahun Buku 2024.                                          of Commissioners and Provision of Facilities, Benefits, and/or Other
                                                                         Allowances for the Fiscal Year 2024.

 Keputusan:                                                              Decision:
 Memberikan wewenang dan kuasa kepada Dewan Komisaris                    To grant authority and power to the Board of Commissioners by
 Perseroan dengan terlebih dahulu mendapat persetujuan Pemegang          first obtaining approval from the Majority Shareholders and being
 Saham Mayoritas dan diketahui oleh Pemegang Saham Pengendali            acknowledged by other Controlling Shareholders to determine:
 lainnya untuk menetapkan:                                               1. Tantiem for the performance of members of the Board of Directors
 1. Tantiem atas kinerja anggota Direksi dan Dewan Komisaris untuk           and Board of Commissioners for the fiscal year ending December
     tahun buku yang berakhir pada tanggal 31 Desember 2023.                 31, 2023.
 2. Gaji anggota Direksi dan honorarium anggota Dewan Komisaris          2. Salaries of members of the Board of Directors and honorariums of
     dan pemberian fasilitas, benefit dan/atau tunjangan lainnya untuk       members of the Board of Commissioners and provision of facilities,
     tahun buku 2024.                                                        benefits and/or other allowances for the 2024 fiscal year.

 Status: Terealisasi                                                     Status: Realized


                          Agenda Kelima                                                              Fifth Agenda

 Persetujuan Perubahan Susunan Anggota Direksi dan Dewan                 Approval of the Changes to the Composition of the Company’s Board
 Komisaris Perseroan                                                     of Directors and Board of Commissioners

 Keputusan:                                                              Decision:
 1. Menetapkan untuk mengangkat kembali Ibu Mustaslimah sebagai          1. To reappoint Mrs. Mustaslimah as the Company’s President
    Komisaris Utama Perseroan terhitung efektif sejak tanggal               Commissioner, effective from the date of this Circular Decision, to
    Keputusan Sirkuler ini untuk tetap melaksanakan pekerjaannya            carry out her work with the same duties, authorities, and obligations
    dengan tugas, wewenang dan kewajiban yang sama sampai                   until the appointment of a definitive official without reducing the
    dengan ditetapkannya pejabat definitif dengan tidak mengurangi          rights of the General Meeting of Shareholders to dismiss her at any
    hak dari Rapat Umum Pemegang Saham untuk sewaktu-waktu                  time in accordance with the Company’s Articles of Association.
    memberhentikannya sesuai Anggaran Dasar Perseroan
 2. Menyetujui pengangkatan Bapak Maswar Purnama sebagai Direktur        2. To appoint Mr. Maswar Purnama as Director of the Company for
    Perseroan untuk periode kedua terhitung efektif sejak tanggal           the second term effective as of the date of this Circular Decision
    Keputusan Sirkuler ini dan berakhir pada penutupan Rapat Umum           and ending at the closing of the third Annual General Meeting of
    Pemegang Saham Tahunan yang ketiga sejak pengangkatannya                Shareholders since his appointment which will be held in 2027
    yang akan diselenggarakan pada tahun 2027 (dua ribu dua puluh           (two thousand twenty seven), without reducing the rights of the
    tujuh), dengan tidak mengurangi hak dari Rapat Umum Pemegang            General Meeting of Shareholders to dismiss him at any time.
    Saham untuk sewaktu-waktu memberhentikannya.




    494                                                                                                                   Laporan Tahunan 2025
Page 495
                                                                                                                                   PT Bank Mandiri Taspen




 3. Menyetujui pengalihan tugas Bapak Suhajar Diantoro yang semula                  3. To approve the change of Mr. Suhajar Diantoro’s duties who
    diangkat sebagai Komisaris Independen Perseroan menjadi                            was previously appointed as an Independent Commissioner
    Komisaris Perseroan, yang diangkat berdasarkan keputusan Rapat                     of the Company to become a Commissioner of the Company,
    Umum Pemegang Saham Tahunan Tahun Buku 2022 (dua ribu dua                          appointed based on the decision of the Annual General Meeting of
    puluh dua) yang diadakan pada tahun 2023 (dua ribu dua puluh                       Shareholders for the Fiscal Year 2022 (two thousand twenty two)
    tiga) terhitung efektif sejak tanggal Keputusan Sirkuler ini dengan                held in 2023 (two thousand twenty three) effective as of the date of
    masa jabatan meneruskan sisa masa jabatan sesuai dengan                            this Circular Decision with a term of office continuing the remaining
    keputusan Rapat Umum Pemegang Saham pengangkatan yang                              term of office in line with the decision of the General Meeting of
    bersangkutan dengan tidak mengurangi hak dari Rapat Umum                           Shareholders of the appointment of the person concerned without
    Pemegang Saham untuk sewaktu-waktu memberhentikannya.                              reducing the rights of the General Meeting of Shareholders to
    Adapun pengangkatan Bapak Suhajar Diantoro tersebut di atas                        dismiss him at any time. The appointment of Mr. Suhajar Diantoro
    berlaku efektif setelah yang bersangkutan mendapat persetujuan                     above was effective after the person concerned received approval
    dari Otoritas Jasa Keuangan atas penilaian kemampuan dan                           from the Financial Services Authority for the fit and proper test.
    kepatutan (fit and proper test).
 4. Menyetujui untuk tidak memperpanjang masa jabatan Bapak Judhi                   4. Not to extend Mr. Judhi Budi Wirjanto’s term of office as Director of
    Budi Wirjanto sebagai Direktur Perseroan terhitung efektif sejak                   the Company effective as of the date of this Circular Decision and
    tanggal Keputusan Sirkuler ini disertai dengan ucapan terima                       expressing gratitude for his contributions during his time in that
    kasih atas sumbangan tenaga dan pemikirannya selama menjabat                       role.
    sebagai Direktur Perseroan.
 5. Menyetujui pengangkatan Ibu Resi Lora sebagai Direktur                          5. To appoint Mrs. Resi Lora as the Company’s Director of Compliance
    Compliance & Control Perseroan untuk periode pertama terhitung                     & Control for the first period effective as of the date of this Circular
    efektif sejak tanggal Keputusan Sirkuler ini dan berakhir pada                     Decision and ending at the closing of the third Annual General
    penutupan Rapat Umum Pemegang Saham Tahunan yang ketiga                            Meeting of Shareholders since her appointment which will be held
    sejak pengangkatannya yang akan diselenggarakan pada tahun                         in 2027 (two thousand twenty seven) without prejudice to the
    2027 (dua ribu dua puluh tujuh) dengan tidak mengurangi hak                        rights of the General Meeting of Shareholders to dismiss her at any
    dari Rapat Umum Pemegang Saham untuk sewaktu-waktu                                 time. The appointment of Mrs. Resi above was effective after the
    memberhentikannya. Adapun pengangkatan Ibu Resi tersebut                           person concerned received approval from the Financial Services
    di atas berlaku efektif setelah yang bersangkutan mendapat                         Authority for the fit and proper test.
    persetujuan dari Otoritas Jasa Keuangan atas penilaian kemampuan
    dan kepatutan (fit and proper test).
 6. Menyatakan terhitung efektif sejak tanggal Keputusan Sirkuler ini,              6. To declare that as of the date of this Circular Decision, the structure
    susunan pengurus Perseroan menjadi sebagai berikut:                                of the Company’s management is as follows:
    - Komisaris Utama : Mustaslimah                                                    - President Commissioner : Mustaslimah
    - Komisaris : Hendrika Nora Osloi Sinaga                                           - Commissioner : Hendrika Nora Osloi Sinaga
    - Komisaris : Suhajar Diantoro*                                                    - Commissioner : Suhajar Diantoro*
    - Komisaris Independen : Boedi Armanto                                             - Independent Commissioner : Boedi Armanto
    - Direktur Utama : Elmamber Petamu Sinaga                                          - President Director            : Elmamber Petamu Sinaga
    - Direktur : Maswar Purnama                                                        - Director          : Maswar Purnama
    - Direktur : Widi Nugroho                                                          - Director          : Widi Nugroho
    - Direktur : Putu Apriyanto                                                        - Director          : Putu Apriyanto
    - Direktur : Resi Lora*                                                            - Director          : Resi Lora*
    *berlaku efektif setelah yang bersangkutan mendapat persetujuan dari Otoritas      *effective after the person concerned received approval from the Financial
    Jasa Keuangan atas penilaian kemampuan dan kepatutan (fit and proper test).        Services Authority for the fit and proper test.

 Status: Terealisasi                                                                Status: Realized



Pelaksanaan RUPS Luar Biasa 2024                                                      Implementation of the Extraordinary GMS
dan Realisasinya                                                                      In 2024 and Their Realization


                           Dilaksanakan secara sirkuler dengan dokumen Keputusan Sirkuler ditandatangani oleh seluruh Pemegang Saham
    Pelaksanaan
                           tanggal 23 Januari 2024
  Implementation           Implemented circularly with the Circular Decision document signed by all Shareholders on January 23, 2024.

                           Keputusan Sirkuler Pemegang Saham di bawah tangan untuk Perubahan Susunan Pengurus telah diaktakan dengan
                           akta Pernyataan Keputusan Sirkuler Pemegang Saham PT Bank Mandiri Taspen No. 12 tanggal 23 Januari 2024 yang
    Hasil RUPS             dibuat dihadapan Notaris Zulkifli Harahap, SH dan Hasil Keputusan Sirkuler Pemegang Saham telah tersebut dilaporkan
   Results of the          kepada Otoritas Jasa Keuangan.
       GMS                 The Shareholders’ Circular Decision concerning the changes in the structure of the management was notarized under
                           deed number 12, dated January 23, 2024, by Notary Zulkifli Harahap, SH and the Financial Services Authority was
                           informed of the results of this decision.




2025 Annual Report                                                                                                                                    495
Page 496
Corporate Governance
Corporate Governance




Keputusan dan Realisasi RUPS Luar Biasa 2024                                            Decisions and Realization of the 2024 Extraordinary
                                                                                        GMS


                             Agenda Pertama                                                                         First Agenda

 Perubahan Susunan Pengurus                                                           Changes in the Structure of the Management

 Keputusan:                                                                           Decision:
 1. Menyetujui untuk menerima pengunduran diri Bapak Chandra                          1. To approve the resignation of Mr. Chandra Arie Setiawan as
    Arie Setiawan sebagai Komisaris Independen Perseroan terhitung                       Independent Commissioner of the Company effective as of
    efektif sejak tanggal 30 Desember 2023 disertai dengan ucapan                        December 30, 2023, accompanied by an expression of gratitude
    terima kasih atas sumbagan tenaga dan pemikirannya selama                            for his contribution of energy and thoughts during his tenure as
    menjabat sebagai Komisaris Independen Perseroan.                                     Independent Commissioner of the Company.
 2. Menyetujui pemberhentian dengan hormat Bapak Atta Alva                            2. To approve the honorable dismissal of Mr. Atta Alva Wanggai as
    Wanggai sebagai Direktur Perseroan terhitung efektif sejak                           Director of the Company effective as of the date of the Circular
    tanggal Keputusan Sirkuler disertai dengan ucapan terima kasih                       Decision accompanied by an expression of gratitude for his
    atas sumbangan tenaga dan pemikirannya selama menjabat                               contribution of energy and thoughts during his tenure as Director
    sebagai Direktur Perseroan.                                                          of the Company.
 3. Menyetujui pengangkatan Bapak Putu Apriyanto sebagai Direktur                     3. To approve the appointment of Mr. Putu Apriyanto as Director of
    Perseroan terhitung efektif sejak tanggal Keputusan Sirkuler                         the Company, effective as of the date of the Circular Decision and
    dan berakhir pada penutupan Rapat Umum Pemegang Saham                                ending at the closing of the 3rd (third) Annual General Meeting of
    Tahunan yang ke-3 (ketiga) sejak pengangkatannya, yang akan                          Shareholders since his appointment, which will be held in 2026
    diselenggarakan pada tahun 2026 (dua ribu dua puluh enam),                           (two thousand twenty six), without reducing the rights of the
    dengan tidak mengurangi hak dari Rapat Umum Pemegang Saham                           General Meeting of Shareholders to dismiss him at any time in
    untuk sewaktu-waktu memberhentikan sesuai Anggaran Dasar                             accordance with the Company’s Articles of Association.
    Perseroan.
    *Adapun pengangkatan Bapak Putu Apriyanto tersebut di atas berlaku efektif           * The appointment of Mr. Putu Apriyanto above is effective after the person
    setelah yang bersangkutan mendapat persetujuan dari Otoritas Jasa Keuangan           concerned receives approval from the Financial Services Authority for the
    atas penilaian kemampuan dan kepatutan (fit and proper test)                         assessment of capability and propriety (fit and proper test).
 4. Menetapkan bahwa sejak Tanggal Keputusan Sirkuler ini maka                        4. To determine that as of the date of this Circular Decision, the
    susunan Pengurus Perseroan menjadi sebagai berikut:                                  composition of the Company’s Management is as follows:
    Direksi                                                                              Board of Directors
    Direktur Utama             : Elmamber Petamu Sinaga                                  President Director           : Elmamber Petamu Sinaga
    Direktur                   : Maswar Purnama                                          Director                     : Maswar Purnama
    Direktur                   : Judhi Budi Wirjanto                                     Director                     : Judhi Budi Wirjanto
    Direktur                   : Widi Nugroho*)                                          Director                     : Widi Nugroho*)
    Direktur                   : Putu Apriyanto*)                                        Director                     : Putu Apriyanto*)
    Dewan Komisaris                                                                      Board of Commissioners
    Komisaris Utama            : Mustaslimah                                             President Commissioner       : Mustaslimah
    Komisaris                  : Hendrika Nora Osloi Sinaga                              Commissioner                 : Hendrika Nora Osloi Sinaga
    Komisaris Independen       : Suhajar Diantoro*)                                      Independent Commissioner     : Suhajar Diantoro*)
    Komisaris Independen       : Boedi Armanto                                           Independent Commissioner     : Boedi Armanto.
    *) Berlaku efektif setelah yang bersangkutan mendapat persetujuan dari Otoritas      *) Effective after the person concerned receives approval from the Financial
    Jasa Keuangan atas penilaian kemampuan dan kepatutan (fit and proper test).          Services Authority for the fit and proper test.


 Status: Terealisasi                                                                  Status: Realized




Keputusan RUPS Pada Tahun Buku dan 1 (Satu)                                             Resolutions of the General Meeting of
Tahun Sebelum Tahun Buku yang Direalisasikan                                            Shareholders (GMS) in the Financial Year and
Pada Tahun Buku                                                                         One (1) Year Prior to the Financial Year that
                                                                                        were Realized in the Financial Year

Seluruh keputusan RUPS Tahun 2025 telah terealisasi pada                                All GMS resolutions in 2025 were fully realized in 2025,
tahun 2025 dan RUPS Tahun 2024 telah terealisasi pada tahun                             and all GMS resolutions in 2024 were fully realized in 2024.
2024. Sehingga tidak terdapat keputusan RUPS Tahun 2024                                 Accordingly, there were no outstanding GMS resolutions from
dan Keputusan RUPS Tahun 2025 yang belum direalisasikan                                 2024 or 2025 that had not been realized as of 2025.
pada tahun 2025.



Direksi                                                                                 Board of Directors

Direksi merupakan organ Bank yang bertanggung jawab                                     The Board of Directors is a Bank organ that is responsible for
secara kolektif melakukan pengurusan Bank untuk kepentingan                             collectively managing the Bank for the interests and objectives
dan tujuan Bank serta mewakili Bank di dalam maupun di                                  of the Bank and representing the Bank both inside and outside
luar pengadilan sesuai Anggaran Dasar. Sebagai bentuk                                   the court in accordance with the Articles of Association. As a
pertanggungjawaban dalam pelaksanaan tugasnya selama                                    form of accountability in carrying out its duties for one year,
satu tahun, Direksi mempertanggungjawabkan pengurusan                                   the Board of Directors is responsible for managing the Bank at
Bank dalam RUPS.                                                                        the GMS.


    496                                                                                                                                     Laporan Tahunan 2025
Page 497
                                                                                                           PT Bank Mandiri Taspen




Tugas dan Tanggung Jawab Direksi                                   Duties and Responsibilities of the Board
                                                                   of Directors

Direksi Bank Mandiri Taspen bertanggung jawab sepenuhnya           The Board of Directors of Bank Mandiri Taspen is fully responsible
terhadap pengelolaan Bank dan mematuhi peraturan                   for the management of the Bank and complies with the prevailing
perundang-undangan dan ketentuan yang berlaku. Anggota             laws and regulations. Members of the Board of Directors have a
Direksi memiliki pembidangan tugas dan tanggung jawab yang         clear view of duties and responsibilities. In accordance with the
jelas. Sesuai dengan ketentuan pasal 13 Anggaran Dasar Bank        provisions of article 13 of the Articles of Association of Bank
Mandiri Taspen, Direksi mempunyai tugas sebagai berikut:           Mandiri Taspen, the Board of Directors has the following duties:
1. Tugas pokok Direksi adalah:                                     1. The main duties of the Board of Directors are:
     a. Melaksanakan pengurusan Bank untuk kepentingan                  a. Carrying out the management of the Bank for the
          dan tujuan Bank.                                                   benefit and purposes of the Bank.
     b. Bertindak selaku pimpinan dalam pengurusan tersebut.            b. Act as a leader in the management.
     c. Memelihara dan mengurus kekayaan Bank.                          c. Maintaining and managing the Bank’s wealth.
2. Melaksanakan prinsip-prinsip Good Corporate Governance          2. Carry out the principles of Good Corporate Governance in
     dalam setiap usaha kegiatan Bank pada seluruh tingkatan            every business activity of the Bank at all levels or levels of
     atau jenjang organisasi.                                           the organization.
3. Menindaklanjuti temuan audit dan rekomendasi dari               3. Follow up on audit findings and recommendations from
     Satuan Kerja Audit Intern Bank, auditor eksternal, hasil           the Bank’s internal audit unit, external auditor, results of
     pengawasan Otoritas Jasa Keuangan dan/atau hasil                   supervision of the Financial Services Authority and/or the
     pengawasan Otoritas lain.                                          results of supervision by other authorities.
4. Membentuk Satuan Kerja Audit Intern, Satuan Kerja               4. Establish an Internal Audit Work Unit, Risk Management
     Manajemen Risiko, Komite Manajemen Risiko, Satuan Kerja            Unit, Risk Management Committee, Compliance Unit and
     Kepatuhan, dan Unit Strategi Anti Fraud.                           Anti- Fraud Strategy Unit.
5. Mempertanggungjawabkan pelaksanaan tugasnya kepada              5. Responsible to the implementation of their duties to the
     Pemegang Saham melalui Rapat Umum Pemegang Saham.                  Shareholders through the General Meeting of Shareholders.
6. Mengungkapkan kepada pegawai kebijakan Bank yang                6. Disclose to bank policy employees who are strategic in the
     bersifat strategis di bidang kepegawaian.                          field of staffing.
7. Menyediakan data dan informasi yang akurat, relevan dan         7. Providing accurate, relevant and timely data and information
     tepat waktu kepada Dewan Komisaris.                                to the Board of Commissioners.
8. Memiliki pedoman dan tata tertib kerja yang bersifat            8. Has binding work guidelines and rules for each member of
     mengikat bagi setiap anggota Direksi.                              the Board of Directors.
9. Segala keputusan Direksi yang diambil sesuai dengan             9. All decisions of the Board of Directors taken in accordance
     pedoman dan tata tertib kerja menjadi tanggung jawab               with the guidelines and work order are the responsibility of
     seluruh anggota Direksi.                                           all members of the Board of Directors.
10. Setiap kebijakan dan keputusan strategis diputuskan            10. Every strategic policy and decision is decided through a Board
     melalui rapat Direksi. Hasil rapat Direksi dituangkan dalam        of Directors meeting. The results of the Board of Directors
     risalah rapat dan didokumentasikan secara baik. Selama             meeting are contained in the minutes of the meeting and
     pelaksanaan rapat Direksi tidak terjadi perbedaan pendapat         are well documented. During the Board of Directors meeting
     (dissenting opinions) dan rapat Direksi telah diputuskan           there were no dissenting opinions and the Board of Directors
     secara musyawarah                                                  meeting had been decided by deliberation.
11. Menerapkan aspek transparansi dengan melakukan hal-hal         11. Implement the transparency aspect by doing the following:
     sebagai berikut:
     a. Anggota Direksi telah mengungkapkan:                           a. Members of the Board of Directors have disclosed:
          1) Kepemilikan sahamnya, baik pada Bank yang                    1) Ownership of shares, both at the Bank concerned
              bersangkutan maupun pada Bank dan Perusahaan                    and at the Bank and other Companies, which are
              lain, yang berkedudukan di dalam dan di luar                    domiciled at local and abroad.
              negeri.                                                     2) Financial relationships and family relationships with
          2) Hubungan keuangan dan hubungan keluarga                          other members of the Board of Commissioners,
              dengan anggota Dewan Komisaris lain, anggota                    members of the Board of Directors and/or Bank
              Direksi dan/atau Pemegang Saham Bank.                           Shareholders.
     b. Anggota Direksi telah mengungkapkan remunerasi                 b. Members of the Board of Directors have disclosed
          dan fasilitas lainnya yang ditetapkan berdasarkan               remuneration and other facilities determined based on
          keputusan Rapat Umum Pemegang Saham.                            the decision of the General Meeting of Shareholders.




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   c. Menyusun Rencana Bisnis secara realistis dengan              c. Prepare a Business Plan realistically by taking into
      memperhatikan faktor eksternal dan internal yang                account external and internal factors that affect the
      mempengaruhi kelangsungan usaha Bank serta                      business continuity of the Bank and still pay attention
      tetap memperhatikan prinsip kehati-hatian dan azas              to the principle of prudence and sound banking
      perbankan yang sehat. Rencana Bisnis tersebut telah             principles. The Business Plan has been approved by the
      mendapat persetujuan dari Komisaris.                            Commissioner.
   d. Rencana Bisnis dimaksud disampaikan kepada Otoritas          d. The Business Plan referred to the Financial Services
      Jasa Keuangan. Direksi mengkomunikasikan Rencana                Authority. The Board of Directors communicates the
      Bisnis tersebut kepada:                                         Business Plan to:
      1) Pemegang Saham Bank.                                         1) Bank Shareholders.
      2) Seluruh jenjang organisasi yang ada pada Bank.               2) All levels of organization at the Bank.
   e. Melaksanakan Rencana Bisnis secara efektif dalam             e. Implement Business Plans effectively in managing the
      pengelolaan usaha Bank dan menyampaikan Laporan                 Bank’s business and submit quarterly Business Plan
      Realisasi Rencana Bisnis secara triwulanan kepada               Realization Reports to the Financial Services Authority.
      Otoritas Jasa Keuangan.
   f. Membuat Laporan Tahunan, Laporan Keberlanjutan               f. Making Annual Reports and Report on the
      dan Laporan Pelaksanaan Good Corporate Governance.              Implementation of Good Corporate Governance.
   g. Direktur Kepatuhan membuat Laporan Direktur yang             g. The Compliance Director makes a Report of the
      membawahkan fungsi Kepatuhan secara Triwulan                    Director in charge of the Quarterly Compliance function
      kepada Direktur Utama dengan tembusan kepada                    to the President Director with a copy to the Board of
      Dewan Komisaris.                                                Commissioners.
   h. Setiap semester Direktur Kepatuhan membuat Laporan           h. Every semester the Compliance Director makes a
      Direktur yang membawahkan Fungsi Kepatuhan                      Report of the Director in charge of the Compliance
      yang disampaikan kepada Otoritas Jasa Keuangan,                 Function submitted to the Financial Services Authority,
      dengan tembusan kepada Direktur Utama dan Dewan                 with copies to the President Director and the Board of
      Komisaris.                                                      Commissioners.
   i. Melakukan penilaian sendiri (self assessment)                i. Conduct self-assessment on the implementation of
      terhadap pelaksanaan GCG Bank setiap semester dan               Bank GCG every semester and submit it to the Financial
      disampaikan ke Otoritas Jasa Keuangan.                          Services Authority.
   j. Khusus Direktur Kepatuhan berfungsi untuk                    j. The Compliance Director specifically functions to ensure
      memastikan bahwa rancangan keputusan yang akan                  that the draft decisions to be taken by the Directors and
      diambil oleh Direksi dan Komisaris Bank Mandiri Taspen          Commissioners of Bank Mandiri Taspen do not violate
      tidak melanggar prinsip kehati-hatian. Apabila setelah          the principle of prudence. If after the review of the draft
      dikaji rancangan keputusan tersebut mengandung                  decision contains elements of non-compliance, the
      unsur ketidakpatuhan, maka Direktur Kepatuhan                   Compliance Director is obliged to request that the draft
      berkewajiban meminta agar rancangan keputusan                   decision be cancelled.
      dimaksud dibatalkan.


Hak dan Wewenang Direksi                                       Rights and Authorities of the Board of Directors

Secara rinci kewenangan Direksi dengan tidak mengurangi        In detail, the authority of the Board of Directors without prejudice
ketentuan lain dalam Anggaran Dasar sebagai berikut:           to other provisions in the Articles of Association as follows:
1. Direksi berwenang menetapkan kebijakan dalam                1. The Board of Directors has the authority to establish
    kepemimpinan dan kepengurusan Bank.                            policies in the leadership and management of the Bank.
2. Mengatur ketentuan tentang kepegawaian Perseroan            2. Regulate the provisions regarding the Company’s staffing
    termasuk penetapan gaji, pensiun atau jaminan hari tua         including stipulating salary, pension or old age security and
    dan penghasilan lain bagi karyawan Perseroan.                  other income for the Company’s employees.
3. Mengangkat dan memberhentikan pegawai Perseroan             3. To appoint and dismiss the Company’s employees based on
    berdasarkan peraturan kepegawaian Perseroan.                   the Company’s personnel regulations.
4. Mengatur pendelegasian kekuasaan Direksi untuk mewakili     4. Regulate delegation of authority of the Board of Directors to
    Perseroan di dalam dan di luar pengadilan kepada seorang       represent the Company in and out of court to one or several
    atau beberapa orang anggota Direksi yang khusus ditunjuk       members of the Board of Directors who are specifically
    untuk itu atau kepada seorang atau beberapa orang,             appointed to it or to one or several people, employees,
    karyawan, baik sendiri maupun bersamasama atau kepada          either alone or jointly or to other bodies.
    badan lain.




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5. Menghapusbukukan piutang pokok macet, bunga, denda,             5. Write off bad debts, interest, penalties and/or fees which
   dan/atau ongkos yang selanjutnya dilaporkan kepada                 are then reported to the Board of Commissioners.
   Dewan Komisaris.
6. Direktur Utama dan seorang anggota Direksi lain berhak          6. The President Director and another member of the Board
   dan berwenang bertindak untuk dan atas nama Direksi                of Directors have the right and authority to act for and on
   serta mewakili Perseroan.                                          behalf of the Board of Directors and represent the Company.
7. Jika Direktur Utama tidak hadir atau berhalangan karena         7. If the President Director is absent or unable to attend
   sebab apapun juga yang tidak perlu dibuktikan kepada               because for whatever reason does not need to be proven
   pihak lain, maka salah satu anggota Direksi lainnya berhak         to another party, then one of the other Directors has the
   dan berwenang untuk bertindak untuk dan atas nama                  right and authority to act for and on behalf of the Board of
   Direksi serta mewakili Perseroan.                                  Directors and represent the Company.
8. Menjalankan tindakan lainnya, baik mengenai pengurusan          8. Carrying out other actions, both regarding management
   maupun mengenai pemilikan, sesuai dengan ketentuan                 and ownership, in accordance with the provisions which
   yang diatur lebih lanjut oleh Rapat Dewan Komisaris                were further stipulated by the Board of Commissioners
   dengan memperhatikan peraturan perundang-undangan                  Meeting with due observance of the prevailing laws and
   yang berlaku.                                                      regulations.
9. Tidak menagih lagi piutang berupa bunga, denda, dan/            9. No longer collecting receivables in the form of interest,
   atau ongkos-ongkos dalam rangka restrukturisasi dan/atau           fines, and/or fees for restructuring and/or credit settlement
   penyelesaian kredit yang selanjutnya dilaporkan kepada             which were subsequently reported to the Board of
   Dewan Komisaris.                                                   Commissioners.


Kewajiban Direksi                                                  Obligations of the Board of Directors

Secara rinci kewajiban Direksi adalah sebagai berikut:             In detail, the Board of Directors’ obligations are as follows:
1. Direksi bertanggung jawab penuh atas pelaksanaan                1. The Board of Directors is fully responsible for the
    tugasnya, mengelola Bank sesuai dengan kewenangan dan              implementation of its duties, managing the Bank in
    tanggung jawabnya sebagaimana diatur dalam Anggaran                accordance with its authority and responsibilities as
    Dasar dan ketentuan serta peraturan perundangundangan              stipulated in the Articles of Association and the applicable
    yang berlaku.                                                      laws and regulations.
2. Melaksanakan prinsip-prinsip Tata Kelola Perusahaan             2. Carry out the principles of Corporate Governance in every
    dalam setiap usaha kegiatan Bank pada seluruh tingkatan            business activity of the Bank at all levels or levels of the
    atau jenjang organisasi.                                           organization.
3. Menindaklanjuti temuan audit dan rekomendasi dari satuan        3. Following up on audit findings and recommendations from
    kerja audit intern Bank, auditor eksternal, hasil pengawasan       the Bank’s internal audit unit, external auditor, results of
    Otoritas Jasa Keuangan dan/atau hasil pengawasan                   supervision of the Financial Services Authority and/or the
    Otoritas lain.                                                     results of supervision by other authorities
4. Membentuk Satuan Kerja Audit Intern, Satuan Kerja               4. Establish an Internal Audit Work Unit, Risk Management
    Manajemen Risiko, Satuan Kerja Kepatuhan dan Unit                  Unit, Compliance Unit and Anti-Fraud Strategy Unit.
    Strategi Anti Fraud.
5. Mempertanggungjawabkan pelaksanaan tugasnya kepada              5. Responsible to the implementation of their duties to the
    Pemegang Saham melalui Rapat Umum Pemegang Saham.                  Shareholders through the General Meeting of Shareholders.
6. Mengungkapkan kepada pegawai kebijakan Bank yang                6. Disclose to employees about Bank policies that are strategic
    bersifat strategis di bidang kepegawaian.                          in the field of employment.
7. Menyediakan data dan informasi yang akurat, relevan dan         7. Providing accurate, relevant and timely data and information
    tepat waktu kepada Dewan Komisaris.                                to the Board of Commissioners.
8. Memiliki pedoman dan tata tertib kerja yang bersifat            8. Has binding work guidelines and rules for each member of
    mengikat bagi setiap anggota Direksi.                              the Board of Directors.
9. Segala keputusan Direksi yang diambil sesuai dengan             9. All decisions of the Board of Directors taken in accordance
    pedoman dan tata tertib kerja menjadi tanggung jawab               with the guidelines and work order are the responsibility of
    seluruh anggota Direksi.                                           all members of the Board of Directors.
10. Setiap kebijakan dan keputusan strategis diputuskan            10. Every strategic policy and decision is decided through a Board
    melalui rapat Direksi. Hasil rapat Direksi dituangkan dalam        of Directors meeting. The results of the Board of Directors
    risalah rapat dan didokumentasikan secara baik. Selama             meeting are contained in the minutes of the meeting and are
    pelaksanaan rapat Direksi tidak terjadi Perbedaan pendapat         well documented. During the Board of Directors meeting
    (dissenting opinions) dan rapat Direksi telah diputuskan           there was no dissenting opinion and the Board of Directors
    secara musyawarah.                                                 meeting had been decided by deliberation.




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11. Menerapkan aspek transparansi dengan melakukan hal             11. Implementing the transparency aspect by doing the
    sebagai berikut:                                                   following:
    a. Anggota Direksi telah mengungkapkan:                            a. Members of the Board of Directors have revealed:
        • Kepemilikan sahamnya, baik pada Bank yang                         • Ownership of shares, both at the Bank concerned
            bersangkutan maupun pada Bank dan Perusahaan                         and at the Bank and other Companies, which are
            lain, yang berkedudukan di dalam dan di luar negeri.                 domiciled at home and abroad.
        • Hubungan keuangan dan hubungan keluarga                           • Financial and family relationship with other members
            dengan anggota Dewan Komisaris lain, anggota                         of the Board of Commissioners, members of the
            Direksi dan/atau Pemegang Saham Bank.                                Board of Directors and/or Shareholders of the Bank.
    b. Anggota Direksi telah mengungkapkan remunerasi                  b. Members of the Board of Directors have disclosed
        dan fasilitas lainnya yang ditetapkan berdasarkan                   remuneration and other facilities determined based on
        keputusan Rapat Umum Pemegang Saham                                 the decision of the General Meeting of Shareholders
    c. Menyusun Rencana Bisnis secara realistis dengan                 c. Prepare a Business Plan realistically by taking into
        memperhatikan faktor eksternal dan internal yang                    account external and internal factors that affect the
        mempengaruhi kelangsungan usaha Bank serta                          business continuity of the Bank and still pay attention
        tetap memperhatikan prinsip kehati-hatian dan azas                  to the principle of prudence and sound banking
        perbankan yang sehat. Rencana Bisnis tersebut telah                 principles. The Business Plan has been approved by the
        mendapat persetujuan dari Komisaris.                                Commissioner.
    d. Rencana Bisnis dimaksud disampaikan kepada Otoritas             d. The Business Plan is submitted to the Financial Services
        Jasa Keuangan. Direksi mengkomunikasikan Rencana                    Authority. The Board of Directors communicates the
        Bisnis tersebut kepada Pemegang Saham Bank dan                      Business Plan to the Bank’s Shareholders and all levels
        seluruh jenjang organisasi yang ada pada Bank.                      of the organization at the Bank.
    e. Melaksanakan Rencana Bisnis secara efektif dalam                e. Implement Business Plans effectively in managing the
        pengelolaan usaha Bank dan menyampaikan Laporan                     Bank’s business and submit quarterly Business Plan
        Realisasi Rencana Bisnis secara triwulanan kepada                   Realization Reports to the Financial Services Authority.
        Otoritas Jasa Keuangan.
    f. Membuat laporan Tahunan dan Laporan Pelaksanaan                 f.  Make Annual Reports and Corporate Governance
        Tata Kelola Perusahaan.                                            Implementation Reports.
    g. Direktur Kepatuhan membuat Laporan Direktur yang                g. The Compliance Director prepares a Quarterly Report
        membawahkan Fungsi Kepatuhan secara Triwulan                       of the Director in charge of the Compliance Function
        kepada Direktur Utama dengan tembusan kepada                       to the President Director with a copy to the Board
        Dewan Komisaris. Setiap semester Direktur Kepatuhan                of Commissioners. Every semester the Compliance
        membuat Laporan Direktur yang membawahkan                          Director makes a Report from the Director in charge
        Fungsi Kepatuhan yang disampaikan kepada Otoritas                  of the Compliance Function which is submitted to
        Jasa Keuangan, dengan tembusan kepada Direktur                     the Financial Services Authority, with copies to the
        Utama dan Dewan Komisaris.                                         President Director and the Board of Commissioners.
    h. Melakukan penilaian sendiri (self assessment) terhadap          h. Conduct self-assessment towards the implementation
        pelaksanaan Tata Kelola Perusahaan Bank setiap                     of Bank Corporate Governance every semester and
        semester dan disampaikan ke Otoritas Jasa Keuangan.                submitted to the Financial Services Authority.
12. Khusus Direktur Kepatuhan berfungsi untuk memastikan           12. In particular, the Compliance Director functions to ensure
    bahwa rancangan keputusan yang akan diambil oleh                   that the draft decisions to be taken by the Directors and
    Direksi dan Komisaris Bank Mandiri Taspen             tidak        Commissioners of the Bank Mandiri Taspen do not violate
    melanggar peraturan dan perundang-undangan serta                   the rules and regulations and the principle of prudence. If
    prinsip kehati-hatian. Apabila setelah dikaji rancangan            after the review of the draft decision contains elements
    keputusan tersebut mengandung unsur ketidakpatuhan,                of noncompliance, the Compliance Director is obliged to
    maka Direktur Kepatuhan berkewajiban meminta agar                  request that the draft decision be cancelled.
    rancangan keputusan dimaksud dibatalkan.


Masa Jabatan Direksi                                               The Board of Directors Term Office

Para anggota Direksi diangkat untuk jangka waktu                   The members of the Board of Directors are appointed for
terhitung sejak ditutupnya RUPS yang mengangkatnya atau            the period commencing from the closing of the GMS which
ditetapkan lain oleh RUPS dan berakhir pada penutupan              was appointed or otherwise determined by the GMS and
RUPS Tahunan yang ke 3 (tiga) sejak pengangkatannya,               ending at the closing of the 3rd (three) Annual GMS since its
dengan tidak mengurangi hak dari RUPS untuk sewaktu-               appointment, by not reducing the right of the GMS to at any




    500                                                                                                       Laporan Tahunan 2025
Page 501
                                                                                                         PT Bank Mandiri Taspen




waktu dapat memberhentikan para anggota Direksi sebelum           time terminate members of the Board of Directors his position
masa jabatannya berakhir dengan menyebutkan alasannya.            ended by stating the reason. Such termination is effective from
Pemberhentian demikian berlaku sejak penutupan RUPS               the closing of the GMS, unless otherwise determined by the
tersebut, kecuali apabila ditentukan lain oleh RUPS. Setelah      GMS. After the term of office expires, the member of the Board
masa jabatannya berakhir anggota Direksi tersebut dapat           of Directors may be reappointed for one term of office, unless
diangkat kembali untuk satu kali masa jabatan, kecuali apabila    otherwise determined by the General Meeting of Shareholders.
ditentukan lain oleh Rapat Umum Pemegang Saham.


Kriteria Direksi                                                  Board of Directors Criteria

Terpenuhinya kriteria Direksi menjadi poin penting bagi           The fulfillment of the criteria for the Board of Directors is an
Pemegang Saham guna mendapatkan keyakinan bahwa yang              important point for Shareholders in order to gain confidence that
akan menjalankan pengurusan perusahaan adalah benar-benar         those who will carry out the management of the company are
kandidat yang tepat dan memiliki kualifikasi sesuai dengan        really the right candidates and have qualifications in accordance
ketentuan yang telah ditetapkan oleh regulator maupun             with the provisions set by regulators and internal regulations.
ketentuan internal. Berdasarkan Undang-Undang Nomor 40            Based on the PT Law Number 40 of 2007 concerning Limited
tahun 2007 tentang Perseroan Terbatas, yang dapat diangkat        Liability Companies, those who can be appointed as members
menjadi menjadi anggota Direksi adalah orang perseorangan         of the Board of Directors are individuals who are capable of
yang cakap melakukan perbuatan hukum, kecuali dalam 5             taking legal actions, except within 5 (five) years prior to their
(lima) tahun sebelum pengangkatan pernah:                         appointment:
1. Dinyatakan pailit;                                             1. Declared bankrupt.
2. Menjadi anggota Direksi atau anggota Dewan Komisaris           2. Being a member of the Board of Directors or a member
    yang dinyatakan bersalah menyebabkan suatu perusahaan              of the Board of Commissioners who was found guilty of
    dinyatakan pailit; atau                                            causing a company to go bankrupt.
3. Dihukum karena melakukan tindak pidana yang merugikan          3. Convicted of committing a crime that caused losses to state
    keuangan negara dan/atau yang berkaitan dengan sektor              finances and/or related to the financial sector.
    keuangan.


Seorang calon anggota Direksi haruslah warga negara               A candidate for member of the Board of Directors must be
Indonesia yang memenuhi persyaratan yang ditentukan               an Indonesian citizen who meets the requirements stipulated
peraturan perundangan-undangan yang berlaku. Seorang              in the prevailing laws and regulations. A person who will be
yang akan diangkat menjadi anggota Direksi harus memenuhi         appointed as a member of the Board of Directors must meet the
persyaratan integritas, kompetensi dan reputasi keuangan.         requirements for integrity, competence and financial reputation.
Berintegritas berarti harus memiliki akhlak dan moral yang        Having integrity means having good character and morals,
baik, memiliki reputasi yang baik selama yang bersangkutan        having a good reputation as long as the person concerned has
mengemban tugas-tugas sebelumnya, komitmen untuk                  carried out his previous duties, commitment to comply with
mematuhi ketentuan peraturan perundang-undangan yang              the provisions of the prevailing laws and regulations, having a
berlaku, memiliki komitmen terhadap pengembangan Bank             commitment to the development of a healthy bank and never
yang sehat serta tidak pernah dinyatakan sebagai pihak yang       being declared as a party that does not pass.
tidak lulus.


Sedangkan sebagai syarat kompetensi, seseorang yang               While as a competency requirement, a person proposed as a
diusulkan sebagai Direksi harus memiliki kompetensi dan           Board of Directors must have competence and the majority of
mayoritas anggota Direksi memiliki pengalaman di bidang           members of the Board of Directors have experience in banking
perbankan sebagai Pejabat Eksekutif Bank dan telah memiliki       as a Bank Executive Officer and have certification in the field
sertifikasi di bidang manajemen risiko, serta memiliki keahlian   of risk management, and have expertise in several other fields
di beberapa bidang lainnya serta memiliki kemampuan               and have the ability to carry out strategic management in the
untuk melakukan pengelolaan yang strategis dalam rangka           framework of developing a sound bank. In terms of reputation,
pengembangan Bank yang sehat. Dari segi reputasi maka             a member of the Board of Directors has never been declared
seorang anggota Direksi tidak pernah dinyatakan pailit atau       bankrupt or bankrupt a company while serving as a Board of
membuat pailit suatu perusahaan saat menjabat sebagai             Directors or member of the Board of Commissioners/ Directors
Direksi atau anggota Dewan Komisaris/Direksi dalam 5 (lima)       in 5 (five) years before serving as a Bank Director and not
tahun sebelum menjabat Direksi Bank dan tidak termasuk            included in the list of bad loans.
dalam daftar kredit macet.




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Seseorang yang diangkat sebagai Direksi Bank Mandiri Taspen             A person who is appointed as the Board of Directors of Bank
wajib menjalani penilaian kemampuan dan kepatutan (fit and              Mandiri Taspen is required to undergo a fit and proper test
proper test) yang diselenggarakan oleh OJK sebagaimana                  conducted by the OJK as stipulated in the OJK Circular Letter
diatur dalam Surat Edaran Otoritas Jasa Keuangan No. 39/                No. 39/SEOJK.03/2016 concerning the Fit and Proper Test
SEOJK.03/2016 tentang Penilaian Kemampuan dan Kepatutan                 for Candidates for Controlling Shareholders, Candidates
bagi Calon Pemegang Saham Pengendali, Calon Anggota                     for Members of the Board of Directors, and Candidates for
Direksi, dan Calon Anggota Dewan Komisaris. Dengan                      Members of the Board of Commissioners. Thus, a Board of
demikian seorang Direksi harus mendapatkan predikat lulus               Directors must obtain a pass predicate in the fit and proper test
dalam penilaian kemampuan dan kepatutan yang dilaksanakan               conducted by the Financial Services Authority.
oleh Otoritas Jasa Keuangan tersebut


Pedoman dan Tata Tertib Kerja Direksi                                   Board of Directors Guidelines
                                                                        and Work Regulations

Dalam rangka penerapan Tata Kelola Perusahaan yang Baik,                In the context of implementing Good Corporate Governance,
maka Direksi Bank Mandiri Taspen telah menyusun Pedoman                 the Board of Directors of Bank Mandiri Taspen compiled the
dan Tata Tertib Direksi yang telah disahkan dalam Surat                 Guidelines and Code of Conduct for the Board of Directors
Keputusan Direksi Bank Nomor KEP.DIR/159/V/2022 tentang                 which had been ratified in the Decree of the Board of Directors of
Pedoman dan Tata Tertib Direksi tanggal 31 Mei 2022. Adapun             the Bank Number KEP.DIR/159/V/2022 concerning Guidelines
Pedoman dan Tata Tertib Direksi mengatur mengenai hal-hal               and Code of Conduct for the Board of Directors dated Mei 31,
sebagai berikut:                                                        2022 The Board of Directors’ Guidelines and Regulations are
                                                                        reviewed periodically. As for The Board of Directors’ Guidelines
                                                                        and Code of Conduct regulates the following matters:
BAB I Ketentuan Umum                                                    CHAPTER I General Provisions
BAB II Direksi                                                          CHAPTER II Directors
BAB III Kewenangan Bertindak dan Memutus                                CHAPTER III Authority to Act and Decide
BAB IV Etika dan Waktu Kerja                                            CHAPTER IV Ethics and Working Time
BAB V Rapat Direksi                                                     CHAPTER V Directors’ Meetings
BAB VI Komite-Komite                                                    CHAPTER VI Committees
BAB VII Evaluasi Kinerja Direksi                                        CHAPTER VII Performance Evaluation of the Board of Directors
BAB VIII Pelatihan dan Program Orientasi Direksi                        CHAPTER VIII Training and Orientation Program for Directors
BAB IX Penutup                                                          CHAPTER IX Closing


Pembidangan Tugas Masing-masing Direksi                                 Board of Directors’ Duties

Adapun pembidangan tugas Direksi adalah sebagai berikut.                The duties of the Board of Directors are as follows.

Tabel Pembidangan Tugas Direksi
Table of Duties of Directors

         Nama                  Jabatan                                                  Bidang Tugas
         Name                  Position                                                Scope of Duties

                                                  Bertanggung jawab sebagai pimpinan untuk seluruh bidang tugas Direktur di bawahnya.
                                                  Sebagai Direktur Bidang bertugas melakukan supervisi Divisi Internal Audit dan Office of
                        Direktur Utama
 Panji Irawan*                                    Chief Economist.
                        President Director
                                                  Responsible as the leader for all areas of duties of the Directors under his supervision.
                                                  As a Director, supervised the Internal Audit Division and the Office of the Chief Economist.
                                                  Bertugas menjalankan tugas dan tanggung jawab Direktur Utama memimpin Direksi
                                                  dalam menjalankan kepengurusan Perseroan, dalam hal Direktur Utama berhalangan.
                                                  Sebagai Direktur Bidang bertugas melakukan supervisi Divisi Corporate Secretary & Legal
                                                  dan Divisi Strategic Procurement & Asset Management.
                        Wakil Direktur Utama
 Rudi As Aturridha**                              Bertugas menjalankan tugas dan tanggung jawab Direktur Utama memimpin Direksi
                        Vice President Director
                                                  Carried out the duties and responsibilities of the President Director in leading the Board of
                                                  Directors in managing the Company in the event that the President Director was absent.
                                                  As a Director, supervised the Corporate Secretary & Legal Division and the Strategic
                                                  Procurement & Asset Management Division.

                        Direktur Compliance &     Sebagai Direktur Bidang bertugas melakukan supervisi Divisi Compliance, Divisi Human
                        Human Resource            Capital, Divisi Risk Business Control, serta Unit Kerja APU-PPT.
 Rio Lanasier*
                        Director of Compliance    As a Director, supervised the Compliance Division, Human Capital Division, Risk Business
                        & Human Resource          Control Division, and the APU-PPT Unit.




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                                                                                                                                        PT Bank Mandiri Taspen




           Nama                         Jabatan                                                          Bidang Tugas
           Name                         Position                                                        Scope of Duties

                                                              Sebagai Direktur Bidang bertugas melakukan supervisi terhadap SEVP Operations yang
                                                              membawahi Divisi Central Operation, Divisi Credit Operation, dan Divisi Digital Banking
                                                              Operation serta mensupervisi langsung Divisi IT Planning & Development, IT Operations,
                                Direktur IT & Digital         Divisi CISO, dan Unit Digital Transformation.
 Henrisa Yunan Lubis**
                                Director of IT & Digital      As a Director, supervised the SEVP Operations overseeing the Central Operation Division,
                                                              Credit Operation Division, and Digital Banking Operation Division, as well as directly
                                                              supervised the IT Planning & Development Division, IT Operations Division, CISO Division,
                                                              and the Digital Transformation Unit.
                                Direktur Keuangan
                                                              Sebagai Direktur Bidang bertugas melakukan supervisi Divisi Strategy & Performance
                                & Risk
                                                              Management, Divisi Accounting, Divisi Risk Management, dan Divisi Credit Risk Approval.
 Rima Cahyani*                  Director of Finance
                                                              As a Director, supervised the Strategy & Performance Management Division, Accounting
                                & Risk
                                                              Division, Risk Management Division, and Credit Risk Approval Division.

                                                              Sebagai Direktur Bidang bertugas melakukan supervisi Divisi Productive Loan, Divisi
                                Direktur Bisnis               Consumer Loan, Divisi Pension & Business Management, dan Divisi Treasury & F.I.
 Mahrauza Purnaditya**
                                Director of Business          As a Director, supervised the Productive Loan Division, Consumer Loan Division, Pension
                                                              & Business Management Division, and Treasury & F.I. Division.
                                                              Sebagai Direktur Bidang bertugas melakukan supervisi Divisi Funding & Investment
 Rizky Olyvia                   Direktur Funding              Product, Divisi Distribution Network Strategic, dan Divisi Portfolio Management.
 Nasution**                     Director of Funding           As a Director, supervised the Funding & Investment Product Division, Distribution Network
                                                              Strategic Division, and Portfolio Management Division.
                                Direktur Transformasi         Sebagai Direktur Bidang bertugas melakukan supervisi Divisi Strategic Business
                                dan Pengembangan              Development, Divisi Operational & Service Excellence, Divisi Strategic Digital & Corporate
                                Usaha                         Transformation, dan Unit Transformation Force.
 Noer Fajrieansyah**
                                Director of Business          As a Director, supervised the Strategic Business Development Division, Operational &
                                Transformation and            Service Excellence Division, Strategic Digital & Corporate Transformation Division, and the
                                Development                   Transformation Force Unit.
                                                              Bertanggung jawab sebagai pimpinan untuk seluruh bidang tugas Direktur di bawahnya.
                                                              Sebagai Direktur Bidang bertugas mensupervisi Divisi Human Capital dan Divisi Internal
 Elmamber Petamu                Direktur Utama
                                                              Audit
 Sinaga***                      President Director
                                                              Responsible as the leader for all areas of duties of the Directors under his supervision. As a
                                                              Director, supervised the Human Capital Division and the Internal Audit Division
                                                              Sebagai Direktur Bidang bertugas mensupervisi Divisi Distribution & Portfolio
                                                              Management, Divisi Consumer Business & Recovery, Divisi Pension Business, Divisi
                                Direktur Business             Treasury, dan Divisi Funding & Investment Product
 Maswar Purnama****
                                Director of Business          As a Director, supervised the Distribution & Portfolio Management Division, Consumer
                                                              Business & Recovery Division, Pension Business Division, Treasury Division, and the
                                                              Funding & Investment Product Division
                                                              Sebagai Direktur Bidang bertugas mensupervisi Divisi Information Technology Operations,
                                                              Divisi Information Technology Planning & Development, Divisi Chief Information Security
                                Direktur IT & Digital         Officer, Divisi Digital Banking Product, dan Unit Digital Transformation
 Widi Nugroho****
                                Director of IT & Digital      As a Director, supervised the Information Technology Operations Division, Information
                                                              Technology Planning & Development Division, Chief Information Security Officer Division,
                                                              Digital Banking Product Division, and the Digital Transformation Unit
                                                              Sebagai Direktur Bidang bertugas mensupervisi Divisi SPM & Accounting, Divisi Risk
                                                              Management, Divisi Central Operation, Divisi Credit Operations, Divisi Procurement &
                                Direktur Finance, Risk        Asset Management, Divisi Network Development, dan Divisi Operational Excellence &
                                & Operations                  Customer Experience
 Putu Apriyanto****
                                Director of Finance,          As a Director, supervised the SPM & Accounting Division, Risk Management Division,
                                Risk & Operations             Central Operation Division, Credit Operations Division, Procurement & Asset Management
                                                              Division, Network Development Division, and Operational Excellence & Customer
                                                              Experience Division

                                Direktur Compliance &         Sebagai Direktur Bidang bertugas mensupervisi Divisi Compliance, Divisi Corporate
                                Control                       Secretary & Legal, Divisi Risk Business Control dan Divisi Pension & Loyalty Business
 Resi Lora****
                                Director of Compliance        As a Director, supervised the Compliance Division, Corporate Secretary & Legal Division,
                                & Control                     Risk Business Control Division, and Pension & Loyalty Business Division

Keterangan / Note:
*)    Telah diangkat berdasarkan keputusan sirkuler Pemegang Saham tanggal 04 Desember 2025 dan telah lulus Penilaian Kemampuan & Kepatutan oleh Otoritas Jasa
      Keuangan / Appointed based on the Circular Resolution of the Shareholders dated December 4, 2025 and has passed the Fit and Proper Test conducted by Otoritas Jasa
      Keuangan.
**) Telah diangkat berdasarkan keputusan sirkuler Pemegang Saham tanggal 04 Desember 2025 dan masih dalam proses Penilaian Kemampuan & Kepatutan oleh Otoritas
      Jasa Keuangan / Appointed based on the Circular Resolution of the Shareholders dated December 4, 2025 and is currently in the process of the Fit and Proper Test
      conducted by Otoritas Jasa Keuangan.
***) Telah mengundurkan diri efektif pada tanggal 27 Juni 2025 dan telah ditetapkan dalam RUPSLB tanggal 25 September 2025 / Resigned effective June 27, 2025 and has
      been resolved at the Extraordinary General Meeting of Shareholders (EGMS) held on September 25, 2025.
****) Telah diberhentikan berdasarkan Keputusan Sirkuler Pemegang Saham tanggal 04 Desember 2025 yang diaktakan dengan Akta Notaris Nomor 25 Tanggal 18 Desember
      2025 / Dismissed based on the Circular Resolution of the Shareholders dated December 4, 2025, as stipulated in Notarial Deed No. 25 dated December 18, 2025.




2025 Annual Report                                                                                                                                         503
Page 504
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Kebijakan Rangkap Jabatan Direksi                                                      Policies on the Board of Directors
                                                                                       Concurrent Positions

Ketentuan rangkap jabatan bagi Direksi diatur dalam Peraturan                          Provision regarding concurrent provision for the Board of
Otoritas Jasa Keuangan Nomor 17 Tahun 2023 tentang                                     Directors in the OJK Regulation Number 17 of 2017 on
Penerapan Tata Kelola bagi Bank Umum. Seluruh anggota                                  Implementation of Governance for Commercial Banks. All
Direksi Bank Mandiri Taspen tidak ada yang memiliki jabatan                            Board of Directors members of Bank Mandiri Taspen does not
rangkap pada perusahaan/instansi lainnya, hal tersebut                                 have concurrent positions in other company/ institutions, it is
dijelaskan pada tabel berikut.                                                         explained in the following table.

Tabel Rangkap Jabatan Direksi
Table of Concurrent Positions of the Board of Directors

                                                                                       Jabatan pada Perusahaan/                    Nama Perusahaan/
                 Nama                                    Jabatan                             Instansi Lain                            Instansi Lain
                 Name                                    Position                          Position in Other                     Name of Other Company/
                                                                                         Companies/Institutions                        Institution

                                           Direktur Utama
 Panji Irawan*                                                                                          -                                         -
                                           President Director

                                           Wakil Direktur Utama
 Rudi As Aturridha**                                                                                    -                                         -
                                           Vice President Director

                                           Direktur Compliance & Human
                                           Resource
 Rio Lanasier*                                                                                          -                                         -
                                           Director of Compliance & Human
                                           Resource

                                           Direktur IT & Digital
 Henrisa Yunan Lubis**                                                                                  -                                         -
                                           Director of IT & Digital

                                           Direktur Keuangan & Risk
 Rima Cahyani*                                                                                          -                                         -
                                           Director of Finance & Risk

                                           Direktur Bisnis
 Mahrauza Purnaditya**                                                                                  -                                         -
                                           Director of Business

                                           Direktur Funding
 Rizky Olyvia Nasution**                                                                                -                                         -
                                           Director of Funding

                                           Direktur Transformasi dan
                                           Pengembangan Usaha                             Wakil Bendahara Umum
 Noer Fajrieansyah**                                                                                                                 Gerakan Pemuda Ansor
                                           Director of Business                           Deputy General Treasurer
                                           Transformation and Development

                                           Direktur Utama
 Elmamber Petamu Sinaga***                                                                              -                                         -
                                           President Director

                                           Direktur Business
 Maswar Purnama****                                                                                     -                                         -
                                           Director of Business

                                           Direktur IT & Digital
 Widi Nugroho****                                                                                       -                                         -
                                           Director of IT & Digital

                                           Direktur Finance, Risk &
                                           Operations
 Putu Apriyanto****                                                                                     -                                         -
                                           Director of Finance, Risk &
                                           Operations

                                           Direktur Compliance & Control
 Resi Lora****                                                                                          -                                         -
                                           Director of Compliance & Control

Keterangan / Note:
*)    Telah diangkat berdasarkan keputusan sirkuler Pemegang Saham tanggal 04 Desember 2025 dan telah lulus Penilaian Kemampuan & Kepatutan oleh Otoritas Jasa
      Keuangan / Appointed based on the Circular Resolution of the Shareholders dated December 4, 2025 and has passed the Fit and Proper Test conducted by Otoritas Jasa
      Keuangan.
**) Telah diangkat berdasarkan keputusan sirkuler Pemegang Saham tanggal 04 Desember 2025 dan masih dalam proses Penilaian Kemampuan & Kepatutan oleh Otoritas
      Jasa Keuangan / Appointed based on the Circular Resolution of the Shareholders dated December 4, 2025 and is currently in the process of the Fit and Proper Test
      conducted by Otoritas Jasa Keuangan.
***) Telah mengundurkan diri efektif pada tanggal 27 Juni 2025 dan telah ditetapkan dalam RUPSLB tanggal 25 September 2025 / Resigned effective June 27, 2025 and has
      been resolved at the Extraordinary General Meeting of Shareholders (EGMS) held on September 25, 2025.
****) Telah diberhentikan berdasarkan Keputusan Sirkuler Pemegang Saham tanggal 04 Desember 2025 yang diaktakan dengan Akta Notaris Nomor 25 Tanggal 18 Desember
      2025 / Dismissed based on the Circular Resolution of the Shareholders dated December 4, 2025, as stipulated in Notarial Deed No. 25 dated December 18, 2025.




     504                                                                                                                                     Laporan Tahunan 2025
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                                                                                                            PT Bank Mandiri Taspen




Pengelolaan Benturan Kepentingan Direksi                            Conflict of Interest Management
                                                                    Board of Directors

Benturan kepentingan adalah suatu kondisi Jajaran Bank dalam        Conflict of interest is a condition where Bank Personnel have
menjalankan tugas dan kewajibannya mempunyai kepentingan            interests other than business interests in performing their duties
di luar kepentingan dinas, baik yang menyangkut kepentingan         and responsibilities. Such other interests range from personal,
pribadi, keluarga maupun kepentingan pihak-pihak lain               family, and other parties’ interests which may cause the Bank
sehingga Jajaran Bank tersebut dimungkinkan kehilangan              Personnel to lose their objectivities in making decisions and
objektivitas dalam mengambil keputusan dan kebijakan                developing policies pursuant to the authority granted to them.
sesuai kewenangan yang telah diberikan Bank kepadanya.              In Bank Mandiri Taspen Policy Architecture, conflict of interest
Dalam Arsitektur Kebijakan Bank Mandiri Taspen pengelolaan          is managed as follows:
benturan kepentingan dikelola sebagai berikut:
1. Direksi memiliki komitmen untuk menghindari segala               1. Board of Directors is committed to avoiding all forms of
     bentuk benturan kepentingan (conflict of interest).               conflict of interest.
2. Dalam hal anggota Direksi secara pribadi mempunyai               2. In the event that BOD member personally has an interest in
     kepentingan dalam suatu transaksi, kontrak atau kontrak           a transaction, contract, or proposed contract in which one
     yang diusulkan dalam mana Bank menjadi salah satu                 of the parties is the Bank, the nature of the interest must
     pihak, maka harus dinyatakan sifat kepentingannya dalam           be declared in BOD meeting and the such member is not
     Rapat Direksi dan anggota Direksi yang bersangkutan tidak         entitled to vote.
     berhak untuk mengambil suara.
3. Secara berkala sekurang-kurangnya 1 (satu) tahun                 3. At least regularly 1 (one) time in a year, every BOD member
     sekali, setiap anggota Direksi wajib membuat pernyataan           must state whether or not he/she has a conflict of interest
     mengenai ada atau tidaknya conflict of interest dengan            with Bank activity that he/she conducts.
     aktivitas Bank yang dilakukannya.
4. Anggota Direksi tidak boleh merangkap jabatan                    4. Board of Directors shall not hold concurrent positions as
     sebagaimana diatur dalam peraturan yang berlaku untuk             regulated in the applicable regulation in order to protect
     melindungi kepentingan Pemegang Saham, Bank telah                 the interest of shareholders, bank has regulated conflict of
     mengatur mengenai benturan kepentingan dalam kebijakan            interest in an internal policy as follows:
     intern yaitu:
     a. Pengaturan      mengenai       penanganan       benturan        a. Regulations concerning conflicts of interest handling
         kepentingan yang mengikat setiap pengurus dan                     that bind every manager and employee of Bank
         pengawai Bank Mandiri Taspen yang dituangkan dalam                Mandiri Taspen as outlined in the Provisions of the
         Ketentuan Arsitektur Kebijakan PT Bank Mandiri Taspen             Policy Architecture of PT Bank Mandiri Taspen and the
         dan Standar Prosedur Tata Kelola Perusahaan PT Bank               Standard Procedure for Corporate Governance of PT
         Mandiri Taspen Nomor SP/044/X/2024 tanggal 28                     Bank Mandiri Taspen Number SP/044/X/2024 dated
         Oktober 2024 beserta dengan perubahannya.                         October 28, 2024 along with its amendments.
     b. Pencatatan       administrasi,    dokumentasi        dan        b. Administrative     recording,      documentation,     and
         pengungkapan       benturan    kepentingan      dengan            disclosure of conflict of interest are re acted in meeting
         menuangkan dalam Surat Pernyataan Tahunan.                        minutes.


Rapat Direksi                                                       Board of Directors Meeting

Kebijakan Rapat Direksi                                             Board of Directors Policy

Rapat Direksi adalah rapat yang dihadiri oleh Direksi, yang dapat   Board of Directors Meeting is the meeting attended by Board
diadakan setiap waktu apabila dipandang perlu atas permintaan       of Directors, which can be held at any time as necessary upon
seorang atau lebih anggota Direksi, atau atas permintaan            the request of one or more members of the Board of Directors,
tertulis Dewan Komisaris, atau atas permintaan tertulis dari        or upon the written request from the Board of Commissioners,
seorang atau lebih Pemegang Saham yang bersama-sama                 or upon the written request from Shareholders who jointly
mewakili sekurang-kurangnya 1/10 (satu per sepuluh) bagian          represent at least 1/10 (one tenth) part of the total of all shares
dari jumlah seluruh saham dengan hak suara yang sah yang            with valid voting right that has been granted by Bank by
telah dikeluarkan oleh Bank dengan menyebutkan hal-hal yang         declaring matters about to be discussed.
akan dibicarakan.




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Sesuai tata tertib Direksi, rapat dilaksanakan minimal sebulan       Pursuant to the charter of the board, meeting is conducted at
sekali dengan dipimpin oleh Direktur Utama. Dalam hal Direktur       least once a month, directed by the President Director. In the
Utama tidak hadir atau berhalangan, Rapat Direksi dipimpin           event that President Director is absent, the Board of Directors
oleh Direktur Pengganti yang telah ditetapkan. Dalam hal             Meeting is directed by the designated Substitute Director. In the
Direktur Pengganti berhalangan, maka Rapat Direksi dipimpin          event Substitute Director is absent, Board of Directors Meeting
oleh seorang Direktur yang ditetapkan dalam Rapat Direksi.           is directed by a Director designated in the Board of Directors
Seorang anggota Direksi dapat diwakili dalam Rapat Direksi           Meeting. A member of the Board of Directors can be represented
hanya oleh anggota Direksi lain dan seorang anggota Direksi          in the Board of Directors Meeting only by another member of the
hanya dapat mewakili seorang anggota Direksi lainnya.                Board of Directors, and a member of the Board of Directors can
                                                                     only represent another member of the Board of Directors.


Keputusan Rapat Direksi harus diambil berdasarkan                    The decision of the Board of Directors Meeting must be
musyawarah untuk mufakat dari anggota Direksi atau anggota           taken pursuant to negotiation for consensus between Board
Direksi yang mewakilinya, Direksi dapat juga mengambil               of Directors members or representative Board of Directors
keputusan yang sah tanpa mengadakan Rapat Direksi dengan             members. Board of Directors can also make valid decision
ketentuan semua anggota Direksi telah diberitahu secara              without conducting Board of Directors meeting provided that
tertulis dan semua anggota Direksi memberikan persetujuan            all Board of Directors members have been informed in writing,
mengenai semua usul yang diajukan secara tertulis serta              and all Board of Directors members provide their approval
menandatangani. Dalam hal terjadi perbedaan pendapat                 on all matters proposed in writing and sign it. In the event of
(dissenting opinions), maka pendapat yang berbeda tersebut           dissenting opinions, it must be recorded clearly in the meeting
wajib dicantumkan secara jelas dalam risalah rapat beserta           minutes along with the reason behind it.
alasan perbedaan pendapat tersebut.


Rencana Rapat Direksi                                                Board of Directors Meeting Plan

Rapat Direksi direncanakan diadakan 1 (satu) kali dalam              The Board of Directors meeting is planned to be held 1 (once) a
seminggu dengan membahas Update program serta kinerja                week to discuss program updates and the Bank’s performance.
Bank.


Agenda, Tanggal dan Peserta Rapat Direksi                            The Board of Directors Meeting Agendas, Dates and
                                                                     Participants

Sepanjang tahun 2025, agenda, tanggal dan peserta Rapat              In 2025, the agendas, dates and participants of the Board of
Direksi adalah sebagai berikut.                                      Directors meeting is as follows.

Tabel Rapat Direksi
Board of Directors Meeting Table

            Tanggal                                                                              Peserta Rapat             Kehadiran
 No                                 Agenda                             Agenda
             Date                                                                              Meeting Participants        Attedance

  1    07 Januari      •   Usulan Mekanisme Pembayaran    •   Proposed Mechanism for           Elmamber P. Sinaga        Hadir / Present
       2025                THT Nasional                       National THT (Old-Age Benefit)
       January 7,                                             Disbursement                     Maswar Purnama            Hadir / Present
       2025            •   Proyeksi Kinerja P&L Januari   •   Projected January Profit and
                                                              Loss (P&L) Performance           Widi Nugroho              Hadir / Present
                       •   KKP (Usulan Penyesuaian        •   KKP (Proposed Manual
                           Manual Produk Kredit Mikro         Adjustment for Micro Credit      Putu Apriyanto            Hadir / Present
                           Modul Kredit Usaha Rakyat)         Products in the People’s
                                                              Business Credit Module)          Resi Lora                 Hadir / Present
                       •   Issue Transaksi Movin          •   Issues Related to Movin
                                                              Transaction Processing

  2    09 Januari      Event untuk Apresiasi Kinerja      Event for Taspen Performance         Elmamber P. Sinaga        Hadir / Present
       2025            Taspen.                            Appreciation.
       January 9,                                                                              Maswar Purnama            Hadir / Present
       2025
                                                                                               Widi Nugroho              Hadir / Present

                                                                                               Putu Apriyanto            Hadir / Present

                                                                                               Resi Lora                 Hadir / Present




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         Tanggal                                                                                 Peserta Rapat          Kehadiran
 No                                Agenda                              Agenda
          Date                                                                                 Meeting Participants     Attedance

  3    16 Januari     Kajian RBB                           RBB Study                           Elmamber P. Sinaga      Hadir / Present
       2025
       January 16,                                                                             Maswar Purnama          Hadir / Present
       2025
                                                                                               Widi Nugroho            Hadir / Present

                                                                                               Putu Apriyanto          Hadir / Present

                                                                                               Resi Lora               Hadir / Present

  4    21 Januari     •   Update Likuiditas Bank (Komite   •   Liquidity Update of the Bank    Elmamber P. Sinaga      Hadir / Present
       2025               ALCO).                               (ALCO Committee)
       January 21,    •   Penetapan Tingkat Kesehatan      •   Determination of the Bank’s     Maswar Purnama          Hadir / Present
       2025               Bank & Tingkat Ketahanan             Soundness Level and Cyber
                          Siber (Komite Manajemen              Resilience Rating (Risk
                          Risiko).                             Management Committee)           Widi Nugroho            Hadir / Present
                      •   Switchover BMOne.                •   BMOne Switchover
                                                               Implementation                  Putu Apriyanto          Hadir / Present
                      •   Update Digital Maturitas         •   Update on the Bank’s Digital
                          Assessment Bank (DMAB).              Maturity Assessment (DMAB)
                                                                                               Resi Lora               Hadir / Present
                      •   Update Acara Board Forum         •   Update on the Board Forum and
                          & Golf.                              Golf Event

  5    30 Januari     Review Model CKPN                    Review of the CKPN Model            Elmamber P. Sinaga      Hadir / Present
       2025
       January 30,                                                                             Maswar Purnama          Hadir / Present
       2025
                                                                                               Widi Nugroho            Hadir / Present

                                                                                               Putu Apriyanto          Hadir / Present

                                                                                               Resi Lora               Hadir / Present

  6    31 Januari     Update Board Forum Q4                Q4 Forum Board Updates              Elmamber P. Sinaga      Hadir / Present
       2025
       January 31,                                                                             Maswar Purnama          Hadir / Present
       2025
                                                                                               Widi Nugroho            Hadir / Present

                                                                                               Putu Apriyanto          Hadir / Present

                                                                                                                       Hadir / Present

  7    04 Februari    •   Update MAESTRO                   •   MAESTRO Update                  Elmamber P. Sinaga      Hadir / Present
       2025           •   Agenda HC                        •   HC agenda
       February 04,                                                                            Maswar Purnama          Hadir / Present
       2025
                                                                                               Widi Nugroho            Hadir / Present

                                                                                               Putu Apriyanto          Hadir / Present

                                                                                               Resi Lora               Hadir / Present

  8    11 Februari    •   Qris Acquirer                    •   Qris Acquirer                   Elmamber P. Sinaga      Hadir / Present
       2025           •   Update One on One Anggaran       •   One on One Update on the
       February 11,       2025                                 2025 Budget                     Maswar Purnama          Hadir / Present
       2025           •   Update Entry Criteria            •   Update MAESTRO Entry
                          MAESTRO                              Criteria                        Widi Nugroho            Hadir / Present

                                                                                               Putu Apriyanto          Hadir / Present

                                                                                               Resi Lora               Hadir / Present

  9    18 Februari    Kajian Organisasi KCP (Bisnis        KCP (Business Manager)              Elmamber P. Sinaga      Hadir / Present
       2025           Manager)                             Organizational Study
       February 18,                                                                            Maswar Purnama          Hadir / Present
       2025
                                                                                               Widi Nugroho            Hadir / Present

                                                                                               Putu Apriyanto          Hadir / Present

                                                                                               Resi Lora               Hadir / Present




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          Tanggal                                                                                Peserta Rapat             Kehadiran
 No                                 Agenda                              Agenda
           Date                                                                                Meeting Participants        Attedance

 10    20 Februari     Update Entry Criteria MAESTRO       Update Entry Criteria MAESTRO       Elmamber P. Sinaga        Hadir / Present
       2025
       February 20,                                                                            Maswar Purnama            Hadir / Present
       2025
                                                                                               Widi Nugroho              Hadir / Present

                                                                                               Putu Apriyanto            Hadir / Present

                                                                                               Resi Lora                 Hadir / Present

 11    21 Februari     KPI dan Bonus                       KPIs and Bonuses                    Elmamber P. Sinaga        Hadir / Present
       2025
       February 21,                                                                            Maswar Purnama            Hadir / Present
       2025
                                                                                               Widi Nugroho              Hadir / Present

                                                                                               Putu Apriyanto            Hadir / Present

                                                                                               Resi Lora                 Hadir / Present

 12    25 Februari     Pengadaan KDO                       KDO Procurement                     Elmamber P. Sinaga         Tidak Hadir
       2025                                                                                                              (Cuti) / Absent
       February 25,                                                                                                        (On Leave)
       2025
                                                                                               Maswar Purnama            Hadir / Present

                                                                                               Widi Nugroho              Hadir / Present

                                                                                               Putu Apriyanto            Hadir / Present

                                                                                               Resi Lora                 Hadir / Present

 13    01 Maret 2025   Agenda Umum                         General Agenda                      Elmamber P. Sinaga        Hadir / Present
       March 1, 2025
                                                                                               Maswar Purnama            Hadir / Present

                                                                                               Widi Nugroho              Hadir / Present

                                                                                               Putu Apriyanto            Hadir / Present

                                                                                               Resi Lora                 Hadir / Present

 14    03 Maret 2025   Update MAESTRO                      Update MAESTRO                      Elmamber P. Sinaga        Hadir / Present
       March 3, 2025
                                                                                               Maswar Purnama            Hadir / Present

                                                                                               Widi Nugroho              Hadir / Present

                                                                                               Putu Apriyanto            Hadir / Present

                                                                                                                         Hadir / Present

 15    11 Maret 2025   •   Persiapan Lebaran: Operation,   •   Eid Preparations: Operations,   Elmamber P. Sinaga        Hadir / Present
       March 11,           Keuangan dan IT                     Finance, and IT
       2025            •   Agenda HC                       •   HC Agenda                       Maswar Purnama            Hadir / Present

                                                                                               Widi Nugroho              Hadir / Present

                                                                                               Putu Apriyanto            Hadir / Present

                                                                                               Resi Lora                 Hadir / Present

 16    12 Maret 2025   Review dan Usulan Improvement       Review and Improvement              Elmamber P. Sinaga        Hadir / Present
       March 12,       Divisi Central Operation            Proposals for the Central
       2025                                                Operations Division                 Maswar Purnama            Hadir / Present

                                                                                               Widi Nugroho              Hadir / Present

                                                                                               Putu Apriyanto            Hadir / Present

                                                                                               Resi Lora                 Hadir / Present




    508                                                                                                             Laporan Tahunan 2025
Page 509
                                                                                                                  PT Bank Mandiri Taspen




         Tanggal                                                                                     Peserta Rapat          Kehadiran
 No                                  Agenda                               Agenda
          Date                                                                                     Meeting Participants     Attedance

 17    21 Maret 2025    •   Usulan Penyesuaian Organisasi    •   Proposed Organizational           Elmamber P. Sinaga      Hadir / Present
       March 21,            di Divisi PLM & Penbis               Adjustments in the PLM &
       2025             •   Usulan Persetujuan Produk            Penbis Division                   Maswar Purnama          Hadir / Present
                            Asuransi Jiwa Kredit IFG Life    •   Proposed Approval of IFG Life
                                                                 Credit Life Insurance Products    Widi Nugroho            Hadir / Present

                                                                                                   Putu Apriyanto           Tidak Hadir
                                                                                                                              (Sakit) /
                                                                                                                            Absent (Sick
                                                                                                                               Leave)

                                                                                                   Resi Lora               Hadir / Present

 18    25 Maret 2025    •   Update Data pada Aplikasi        •   Update Data on the SIAP           Elmamber P. Sinaga      Hadir / Present
       March 25,            SIAP dan Report SLA Flagging         Application and SLA Flagging
       2025             •   Update Data Otentikasi               Report                            Maswar Purnama          Hadir / Present
                            Nasabah yang Terblokir           •   Update Blocked Customer
                        •   Layanan Digital                      Authentication Data               Widi Nugroho            Hadir / Present
                                                             •   Digital Services
                                                                                                   Putu Apriyanto          Hadir / Present

                                                                                                   Resi Lora               Hadir / Present

 19    26 Maret 2025    Review Layanan Payroll               Payroll Service Review                Elmamber P. Sinaga      Hadir / Present
       March 26,
       2025                                                                                        Maswar Purnama          Hadir / Present

                                                                                                   Widi Nugroho            Hadir / Present

                                                                                                   Putu Apriyanto          Hadir / Present

                                                                                                   Resi Lora               Hadir / Present

 20    15 April 2025    •   Replanning: Rencana Efisiensi    •   Replanning: Performance           Elmamber P. Sinaga      Hadir / Present
       April 15, 2025       Kinerja pada Perusahaan              Efficiency Plan at the Company
                        •   Komite Manajemen Risiko-         •   Risk Management Committee         Maswar Purnama          Hadir / Present
                            Usulan Penilaian Profil Risiko       - Proposed Risk Profile
                            Bank Mandiri Taspen Q1 2025          Assessment of Bank Mandiri        Widi Nugroho            Hadir / Present
                                                                 Taspen Q1 2025
                                                                                                   Putu Apriyanto          Hadir / Present

                                                                                                   Resi Lora               Hadir / Present

 21    22 April 2025    •   Agenda HC                        •   HC Agenda                         Elmamber P. Sinaga       Tidak Hadir
       April 22, 2025   •   Rencana Peluang Bisnis           •   Joint Business Opportunity Plan                              (Sakit) /
                            Bersama PT Taspen                    with PT Taspen                                             Absent (Sick
                                                                                                                               Leave)

                                                                                                   Maswar Purnama          Hadir / Present

                                                                                                   Widi Nugroho            Hadir / Present

                                                                                                   Putu Apriyanto          Hadir / Present

                                                                                                   Resi Lora               Hadir / Present

 22    28 April 2025    Pemaparan Peluang Bisnis Taspen      Taspen Business Opportunity           Elmamber P. Sinaga      Hadir / Present
       April 28, 2025                                        Presentation
                                                                                                   Maswar Purnama          Hadir / Present

                                                                                                   Widi Nugroho            Hadir / Present

                                                                                                   Putu Apriyanto          Hadir / Present

                                                                                                   Resi Lora               Hadir / Present

 23    29 April 2025    Agenda HC                            HC Agenda                             Elmamber P. Sinaga      Hadir / Present
       April 29, 2025
                                                                                                   Maswar Purnama          Hadir / Present

                                                                                                   Widi Nugroho            Hadir / Present

                                                                                                   Putu Apriyanto          Hadir / Present

                                                                                                                           Hadir / Present




2025 Annual Report                                                                                                              509
Page 510
Corporate Governance
Corporate Governance




             Tanggal                                                                                 Peserta Rapat             Kehadiran
 No                                   Agenda                               Agenda
              Date                                                                                 Meeting Participants        Attedance

  24    30 April 2025    •   Update Board Forum Q1            •   Q1 Forum Board Update            Elmamber P. Sinaga        Hadir / Present
        April 30, 2025   •   Update ASKRINDO ke Dir           •   ASKRINDO Update to the
                             Pembina                              Director of Supervision          Maswar Purnama            Hadir / Present

                                                                                                   Widi Nugroho              Hadir / Present

                                                                                                   Putu Apriyanto            Hadir / Present

                                                                                                   Resi Lora                 Hadir / Present

 25     02 Mei 2025      Update Board Forum Q1                Update Board Forum Q1                Elmamber P. Sinaga        Hadir / Present
        May 02, 2025
                                                                                                   Maswar Purnama            Hadir / Present

                                                                                                   Widi Nugroho              Hadir / Present

                                                                                                   Putu Apriyanto            Hadir / Present

                                                                                                   Resi Lora                 Hadir / Present

 26     06 Mei 2025      •   BPJS TK                          •   BPJS TK                          Elmamber P. Sinaga        Hadir / Present
        May 6, 2025      •   Aktivasi Bisnis dengan FIDAC     •   Business Activation with FIDAC
                         •   Kesiapan Pengamanan Bank         •   Bank Security Preparedness to    Maswar Purnama            Hadir / Present
                             Mantap Menghadapi Cyber              Face Cyber Heists
                             Heist                                                                 Widi Nugroho              Hadir / Present

                                                                                                   Putu Apriyanto            Hadir / Present

                                                                                                   Resi Lora                 Hadir / Present

  27    15 Mei 2025      •   Komite ALCO – Usulan Review      •   ALCO Committee – Proposed        Elmamber P. Sinaga        Hadir / Present
        May 15, 2025         Limit Trading Book                   Trading Book Limit Review
                         •   Update dari Divisi Digital       •   Update from the Digital          Maswar Purnama            Hadir / Present
                             Transformation                       Transformation Division
                         •   Update Transaksi Movin           •   Movin Transaction Update         Widi Nugroho              Hadir / Present

                                                                                                   Putu Apriyanto            Hadir / Present

                                                                                                   Resi Lora                 Hadir / Present

 28     20 Mei 2025      •   Kolaborasi Operasional dengan    •   Operational Collaboration with   Elmamber P. Sinaga        Hadir / Present
        May 20, 2025         Bank Mandiri                         Bank Mandiri
                         •   Sinergi Corporate & Commercial   •   Bank Mandiri Corporate &         Maswar Purnama            Hadir / Present
                             Bank Mandiri                         Commercial Synergy
                         •   Update Produk OOB, E-Oten,       •   Updates on OOB, E-Oten,          Widi Nugroho              Hadir / Present
                             BPJS TK dan Tabungan Optima          BPJS TK, and Optima Savings
                                                                                                   Putu Apriyanto            Hadir / Present
                                                                  Products
                         •   Proyeksi Keuangan Akhir Tahun    •   Year-End Financial Projections   Resi Lora                 Hadir / Present


 29     27 Mei 2025      •   Rancangan Bisnis dalam           •   Business Plan for Achieving      Elmamber P. Sinaga        Hadir / Present
        May 27, 2025         Pencapaian Target Dapem              ASABRI Pension Fund (Dapem)
                             ASABRI                               Targets
                         •   Kerjasama Pembayaran             •   Cooperation for Non-Dapem        Maswar Purnama            Hadir / Present
                             Pensiun Non Dapem & Layanan          Pension Payment and Services
                             di Kantor Taspen                     at Taspen Offices
                         •   Revisi RKAP                      •   Revision of the Corporate Work   Widi Nugroho              Hadir / Present
                                                                  Plan and Budget (RKAP)
                         •   Update Pengadaan Corplan         •   Update on Corporate Plan
                                                                  (Corplan) Procurement            Putu Apriyanto            Hadir / Present
                         •   Update Kerjasama Bisnis          •   Update on Business
                             dengan FIDAC                         Cooperation with FIDAC
                         •   Progress Recovery WO             •   Progress on Written-Off (WO)     Resi Lora                 Hadir / Present
                                                                  Recovery
                         •   Update Maestro: Usulan           •   Update on Maestro: Proposed
                             Workflow Release Management          Workflow for Release
                                                                  Management
                         •   Update Service Level Support     •   Update on Service Level
                                                                  Support

 30     03 Juni 2025     •   Pembahasan Strategi              •   Discussion on Cost of Funds      Elmamber P. Sinaga        Hadir / Present
        June 3, 2025         Penurunan COF dan Update             (COF) Reduction Strategy and
                             Likuiditas - Komite ALCO             Liquidity Update (ALCO Com-      Maswar Purnama            Hadir / Present
                         •   Update Hygiene Factor IT             mittee)
                                                              •   Update on IT Hygiene Factors     Widi Nugroho              Hadir / Present

                                                                                                   Putu Apriyanto            Hadir / Present

                                                                                                   Resi Lora                 Hadir / Present




       510                                                                                                              Laporan Tahunan 2025
Page 511
                                                                                                                 PT Bank Mandiri Taspen




         Tanggal                                                                                    Peserta Rapat          Kehadiran
 No                                 Agenda                                 Agenda
          Date                                                                                    Meeting Participants     Attedance

 31    04 Juni 2025    Update Hygiene Factor IT              Update Hygiene Factor IT             Elmamber P. Sinaga      Hadir / Present
       June 4, 2025
                                                                                                  Maswar Purnama          Hadir / Present

                                                                                                  Widi Nugroho            Hadir / Present

                                                                                                  Putu Apriyanto          Hadir / Present

                                                                                                  Resi Lora               Hadir / Present

 32    10 Juni 2025    Update Progress Maestro               Update Progress Maestro              Elmamber P. Sinaga      Hadir / Present
       June 10, 2025
                                                                                                  Maswar Purnama          Hadir / Present

                                                                                                  Widi Nugroho            Hadir / Present

                                                                                                  Putu Apriyanto          Hadir / Present

                                                                                                  Resi Lora               Hadir / Present

 33    17 Juni 2025    •   Update Kerjasama dengan           •   Update on Cooperation with       Elmamber P. Sinaga      Hadir / Present
       June 17, 2025       FIDAC                                 FIDAC
                       •   Update Transaksi Movin            •   Update on Movin Transactions     Maswar Purnama          Hadir / Present
                       •   Update Permasalahan PDP           •   Update on PDP Issues
                                                                                                  Widi Nugroho            Hadir / Present

                                                                                                  Putu Apriyanto          Hadir / Present

                                                                                                  Resi Lora                 Tidak Hadir
                                                                                                                            (Perjalanan
                                                                                                                              Dinas) /
                                                                                                                              Absent
                                                                                                                          (Business Trip)

 34    24 Juni 2025    •   Update DPK & CoF                  •   DPK & CoF Update                 Elmamber P. Sinaga      Hadir / Present
       June 24, 2025   •   Update Progress Maestro           •   Update Progress Maestro
                       •   Materi HC                         •   HC material                      Maswar Purnama          Hadir / Present

                                                                                                  Widi Nugroho            Hadir / Present

                                                                                                  Putu Apriyanto          Hadir / Present

                                                                                                  Resi Lora               Hadir / Present

 35    25 Juni 2025    •   Usulan Final Pricing Obligasi &   •   Final Bond & Bilateral Loan      Elmamber P. Sinaga      Hadir / Present
       June 25, 2025       Bilateral Loan - Komite ALCO          Pricing Proposal - ALCO
                                                                 Committee                        Maswar Purnama          Hadir / Present
                       •   Revisi RPTI ke OJK - Komite IT    •   RPTI Revision to OJK - IT
                                                                 Committee                        Widi Nugroho            Hadir / Present
                       •   Update Kendala IT di Awal         •   Update on IT Challenges at the
                           Bulan                                 Beginning of the Month
                                                                                                  Putu Apriyanto          Hadir / Present
                       •   Pemaparan Peluang Bisnis          •   Presentation of Business
                           Bersama PT Taspen                     Opportunities with PT Taspen
                                                                                                  Resi Lora               Hadir / Present

 36    29 Juni 2025    Hasil Keputusan Pengangkatan          Results of the Decision on the       Maswar Purnama          Hadir / Present
       June 29, 2025   Anggota Direksi Perusahaan            Appointment of Members of the
                                                             Company’s Board of Directors         Widi Nugroho            Hadir / Present

                                                                                                  Putu Apriyanto          Hadir / Present

                                                                                                  Resi Lora               Hadir / Present

 37    01 Juli 2025    •   Update Booking Kredit             •   Retirement Credit Booking        Maswar Purnama          Hadir / Present
       July 01, 2025       Pensiunan                             Update
                       •   Update Strategi Komunikasi        •   Communication Strategy           Widi Nugroho            Hadir / Present
                                                                 Update
                       •   Proyeksi Keuangan Akhir Juni      •   Financial Projections for the    Putu Apriyanto          Hadir / Present
                                                                 End of June
                                                                                                  Resi Lora               Hadir / Present




2025 Annual Report                                                                                                              511
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Corporate Governance




             Tanggal                                                                                    Peserta Rapat         Kehadiran
 No                                   Agenda                                 Agenda
              Date                                                                                    Meeting Participants    Attedance

 38     04 Juli 2025    Update DPK & COF                        Update DPK & COF                      Maswar Purnama         Hadir / Present
        July 4, 2025
                                                                                                      Widi Nugroho           Hadir / Present

                                                                                                      Putu Apriyanto         Hadir / Present

                                                                                                      Resi Lora              Hadir / Present

 39     08 Juli 2025    •   Update Report Data Nasabah          •   Update on Current Credit          Maswar Purnama         Hadir / Present
        July 8 2025         Kredit Lancar Tanpa Absensi             Customer Data Report Without
                            (Jan – April 2025)                      Absences (January – April         Widi Nugroho           Hadir / Present
                                                                    2025)
                        •   Update Pengelolaan Portfolio        •   Update on Non-Current,            Putu Apriyanto         Hadir / Present
                            Non Lancar, Non Meninggal               Non-Deceased Portfolio
                            Dunia                                   Management
                                                                                                      Resi Lora              Hadir / Present
                        •   Update Maestro & Permohonan         •   Maestro Update & Request for
                            Persetujuan Jurnal Selisih Kredit       Approval of Accrued Credit &
                            Accrue & PYAD                           PYAD Difference Journals
                        •   Update Design Kalender 2026         •   Update on 2026 Calendar
                                                                    Design

 40     15 Juli 2025    Agenda HC                               HC Agenda                             Maswar Purnama         Hadir / Present
        July 15, 2025
                                                                                                      Widi Nugroho           Hadir / Present

                                                                                                      Putu Apriyanto         Hadir / Present

                                                                                                      Resi Lora              Hadir / Present

  41    17 Juli 2025    •   Alokasi Feebased Income untuk       •   Allocation of Fee-Based Income    Maswar Purnama         Hadir / Present
        July 17, 2025       Percepatan Pembayaran Klaim             to Accelerate General Insurance
                            Asuransi Umum                           Claim Payments                    Widi Nugroho           Hadir / Present
                        •   Komite Manajemen Risiko             •   Risk Management Committee
                            (KMR)                                   (RMC)                             Putu Apriyanto         Hadir / Present

                                                                                                      Resi Lora              Hadir / Present

  42    22 Juli 2025    •  Update Project Maestro dan           • Maestro Project Update and          Maswar Purnama         Hadir / Present
        July 22, 2025      Materi Approval ke BMRI                Approval Materials to BMRI
                        • Komite ALCO                           • ALCO Committee                      Widi Nugroho           Hadir / Present
                        penambahan plafon surat berharga        Addition of Securities Ceiling
                        pengelolaan portfolio non lancar,       Management of Non-Current, Non-       Putu Apriyanto         Hadir / Present
                           non meninggal dunia                    Deceased Portfolios
                        • Update rekening dorman                • Dormant Account Update
                                                                                                      Resi Lora              Hadir / Present

 43     29 Juli 2025    •   Update branding movin               •   Movin branding update             Maswar Purnama         Hadir / Present
        July 29, 2025   •   Update pengadaan corplan            •   Corpplan procurement update
                                                                                                      Widi Nugroho           Hadir / Present

                                                                                                      Putu Apriyanto         Hadir / Present

                                                                                                      Resi Lora              Hadir / Present

 44     5 Agustus       •   Update kinerja Juli 2025            •   July 2025 Performance Update      Maswar Purnama         Hadir / Present
        2025            •   Usulan penyesuaian subsidi          •   Proposed Insurance Subsidy
        August 5,           asuransi                                Adjustments                       Widi Nugroho           Hadir / Present
        2025            •   Update peningkatan ketahanan        •   Update on Improving Bank
                            & keamanan siberbank                    Cybersecurity and Resilience      Putu Apriyanto         Hadir / Present

                                                                                                      Resi Lora              Hadir / Present

 45     12 Agustus      •   Update FIDAC                        •   FIDAC Update                      Maswar Purnama         Hadir / Present
        2025            •   Update SP2DK DJP                    •   DGT SP2DK Update
        August 12,      •   Agenda HC                           •   HC Agenda                         Widi Nugroho           Hadir / Present
        2025            •   Kelas cabang                        •   Branch Classes
                        •   Kepegawaian                         •   Personnel                         Putu Apriyanto         Hadir / Present
                        •   Optimalisasi & standarisasi         •   Optimization & Standardization
                            security KC & KCP                       of KC & KCP Security              Resi Lora              Hadir / Present
                        •   Update dan release                  •   Maestro Project Management
                            management project Maestro.             Update and Release.




       512                                                                                                             Laporan Tahunan 2025
Page 513
                                                                                                                 PT Bank Mandiri Taspen




         Tanggal                                                                                    Peserta Rapat          Kehadiran
 No                                 Agenda                               Agenda
          Date                                                                                    Meeting Participants     Attedance

 46    26 Agustus      •   Perpanjang pialang asuransi     •   Extension of the Karsa Insurance   Maswar Purnama          Hadir / Present
       2025                Karsa                               Brokerage Engagement
       August 26,      •   Proyeksi kinerja akhir bulan    •   Month-End Performance              Widi Nugroho            Hadir / Present
       2025                                                    Projections
                       •   Update pembayaran pensiunan     •   Update on Pension Payments         Putu Apriyanto          Hadir / Present
                           ASN, TNI, POLRI menggunakan         for Civil Servants (ASN), TNI,
                           simanroll                           and POLRI through Simanroll        Resi Lora               Hadir / Present
                       •   Agenda RIM:                     •   Risk Management Committee
                                                               (RIM) Agenda:
                       •   Penyesuaian RAC counterparty    •   Adjustment of Risk Appetite
                           limit                               Criteria (RAC) Counterparty
                                                               Limits
                       •   Penyesuaian komposisi surat     •   Adjustment of Securities
                           berharga dan penyesuaian            Portfolio Composition and
                           trading policy                      Trading Policy

 47    02 September    ODP Revamp                          ODP Revamp                             Maswar Purnama          Hadir / Present
       2025
       September 02,                                                                              Widi Nugroho            Hadir / Present
       2025
                                                                                                  Putu Apriyanto          Hadir / Present

                                                                                                  Resi Lora               Hadir / Present

 48    09 September    •   Update Maestro                  •   Maestro Update                     Maswar Purnama          Hadir / Present
       2025            •   Update kinerja keuangan dan     •   Financial performance update
       September 09,       penurunan COF                       and COF reduction                  Widi Nugroho            Hadir / Present
       2025            •   Implementasi security           •   MANTRA security awareness
                           awareness MANTRA                    implementation                     Putu Apriyanto          Hadir / Present
                       •   Self Assessment OJK             •   OJK Self-Assessment
                                                                                                  Resi Lora               Hadir / Present

 49    16 September    •   Usulan kewenangan limit         •   Proposed authority to limit        Maswar Purnama          Hadir / Present
       2025                pemutus biaya pengadaan             the cost of goods and services
       September 16,       barang dan jasa                     procurement                        Widi Nugroho            Hadir / Present
       2025            •   Agenda Compliance:              •   Compliance Agenda:
                       •   Update CGPI                     •   CGPI Update                        Putu Apriyanto          Hadir / Present
                       •   Update MSMPG                    •   MSMPG Update
                       •   Penambahan kuota platinum       •   Increased Platinum Plus quota      Resi Lora               Hadir / Present
                           plus
                       •   Sistem penarikan pembayaran     •   Pension salary withdrawal
                           gaji pensiun tanggal 1 setiap       system conducted on the 1st of
                           bulan                               each month.
                       •   Update COF dan movement         •   Update COF and movement
                           tier sb deposito                    tier sb deposito

 50    23 September    •   Update KMPP grace period        •   KMPP grace period update           Maswar Purnama          Hadir / Present
       2025            •   Usulan kewenangan limit         •   Proposed authority to limit
       September 23,       pemutus biaya pengadaan             procurement costs for goods        Widi Nugroho            Hadir / Present
       2025                barang dan jasa                     and services
                       •   Update IT command center        •   IT command center update           Putu Apriyanto          Hadir / Present
                       •   Update navigator                •   Navigator update
                       •   Customer Satisfaction Survey    •   Customer Satisfaction Survey       Resi Lora               Hadir / Present
                           2025                                2025
                       •   Komite ALCO : Evaluasi          •   ALCO Committee: Evaluation
                           dan usulan penyesuaian              and proposed adjustments to
                           pengelolaan ALM                     ALM management

 51    02 Oktober      •   Komite ALCO                     •   ALCO Committee                     Maswar Purnama          Hadir / Present
       2025            •   Update dan Usulan KSM Aktif     •   Active KSM Payroll Update and
       October 02,         Payroll                             Proposal                           Widi Nugroho            Hadir / Present
       2025            •   Update DGT                      •   DGT Update
                       •   Status Findings Issue           •   Issue Findings Status              Putu Apriyanto          Hadir / Present
                       •   Status Monitoring CR            •   CR Monitoring Status
                       •   Maestro Celebration Plan        •   Maestro Celebration Plan           Resi Lora               Hadir / Present

 52    07 Oktober      •   Aturan Kepegawaian & Talent     •   Employee Regulations & Talent      Maswar Purnama          Hadir / Present
       2025                Movement                            Movement
       October 07,     •   Review TPS Corebanking          •   Review of Maestro Corebanking      Widi Nugroho            Hadir / Present
       2025                Maestro                             TPS
                                                                                                  Putu Apriyanto          Hadir / Present

                                                                                                  Resi Lora               Hadir / Present




2025 Annual Report                                                                                                             513
Page 514
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Corporate Governance




            Tanggal                                                                                  Peserta Rapat         Kehadiran
 No                                Agenda                                Agenda
             Date                                                                                  Meeting Participants    Attedance

 53    14 Oktober      •   Komite KMR: Penetapan Profil    •   KMR Committee: Determination        Maswar Purnama         Hadir / Present
       2025                Risiko Triwulan 3 2025              of Risk Profile for Q3 2025
       October 14,     •   Update KMPP Grace Period        •   KMPP Grace Period Update            Widi Nugroho           Hadir / Present
       2025            •   Pengelolaan Rekening Dormant    •   Dormant Account Management
                                                                                                   Putu Apriyanto         Hadir / Present

                                                                                                   Resi Lora              Hadir / Present

 54    21 Oktober      •   Open Contract – Blanker         •   Open Contract – Blanker             Maswar Purnama         Hadir / Present
       2025                Mandyas Maestro: Anggaran           Mandyas Maestro: Budget 2025
       October 21,         2025 & 2026                         & 2026                              Widi Nugroho           Hadir / Present
       2025            •   Interim Report ITSP 2026-2030   •   ITSP Interim Report 2026-2030
                                                                                                   Putu Apriyanto         Hadir / Present

                                                                                                   Resi Lora              Hadir / Present

 55    28 Oktober      Update FIDAC                        FIDAC Update                            Maswar Purnama         Hadir / Present
       2025
       October 28,                                                                                 Widi Nugroho           Hadir / Present
       2025
                                                                                                   Putu Apriyanto         Hadir / Present

                                                                                                   Resi Lora              Hadir / Present

 56    04 November     •   Agenda request                  •   Agenda Request                      Maswar Purnama         Hadir / Present
       2025            •   Pengkinian Rencana Aksi         •   2025 Recovery Action Plan
       November 04,        Pemulihan Tahun 2025                Update                              Widi Nugroho           Hadir / Present
       2025            •   Update Kinerja COF              •   COF Performance Update
                       •   Update KMPP Grace Period        •   KMPP Grace Period Update            Putu Apriyanto         Hadir / Present
                       •   Permohonan Persetujuan          •   Request for Approval of
                           Penambahan Pasal Dalam              Additional Articles in the Asabri
                                                                                                   Resi Lora              Hadir / Present
                           Perpanjagan PKS Asabri              Contract Extension
                       •   Update BCM                      •   BCM Update

 57    11 November     Overview Pengadaan Barang / Jasa    Overview of Procurement of Goods        Maswar Purnama         Hadir / Present
       2025            & Manajemen Vendor                  / Services & Vendor Management
       November 11,                                                                                Widi Nugroho           Hadir / Present
       2025
                                                                                                   Putu Apriyanto         Hadir / Present

                                                                                                   Resi Lora              Hadir / Present

 58    12 November     •   Update Movement KC              •   KC Movement Update                  Maswar Purnama         Hadir / Present
       2025            •   Pengalihan Portfolio Fidac      •   Fidac Portfolio Transfer
       November 12,    •   Update Persiapan HUT, MSA,      •   Anniversary Preparation Update,     Widi Nugroho           Hadir / Present
       2025                dan Sharing Session                 MSA, and Sharing Session
                       •   Update Kinerja Asuransi         •   Insurance Performance Update        Putu Apriyanto         Hadir / Present

                                                                                                   Resi Lora              Hadir / Present

 59    18 November     •   Update Kepegawaian (Promosi,    •   Personnel Update (Promotion,        Maswar Purnama         Hadir / Present
       2025                Definitif, Pemenuhan)               Definitive, Fulfillment)
       November 18,    •   Usulan Review Model CKPN        •   Proposed Review of the              Widi Nugroho           Hadir / Present
       2025                                                    Allowance for Losses (CKPN)
                       •   Komite ALCO: Usulan                 Model                               Putu Apriyanto         Hadir / Present
                           Wholesale Funding dan Update    •   ALCO Committee: Proposed
                           Likuiditas EOY 2025 dan             Wholesale Funding and
                                                                                                   Resi Lora              Hadir / Present
                           Rencana Obligasi                    Liquidity Update for EOY 2025
                                                               and Bond Plan
                       •   Persiapan Materi Wawancara      •   Preparation of ARA 2024
                           ARA 2024                            Interview Materials

 60    24 November     Persiapan Rapat Gabungan RPTI,      Preparation for the Joint Meeting of    Maswar Purnama         Hadir / Present
       2025            RBB, RKAP                           RPTI, RBB, RKAP
       November 24,                                                                                Widi Nugroho           Hadir / Present
       2025
                                                                                                   Putu Apriyanto         Hadir / Present

                                                                                                   Resi Lora              Hadir / Present




      514                                                                                                           Laporan Tahunan 2025
Page 515
                                                                                                                                            PT Bank Mandiri Taspen




             Tanggal                                                                                                        Peserta Rapat                  Kehadiran
  No                                          Agenda                                        Agenda
              Date                                                                                                        Meeting Participants             Attedance

  61     25 November          •    Update RSTI                              •   RSTI Update                               Maswar Purnama                 Hadir / Present
         2025                 •    Update KMPP Grace Period                 •   KMPP Grace Period Update
         November 25,                                                                                                     Widi Nugroho                   Hadir / Present
         2025
                                                                                                                          Putu Apriyanto                 Hadir / Present

                                                                                                                          Resi Lora                      Hadir / Present

  62     02 Desember          •    Update Agenda HC                         •   HC Agenda Update                          Maswar Purnama                 Hadir / Present
         2025                 •    Update Ignite Spirit & MSA               •   Ignite Spirit & MSA Update
         December 02,                                                                                                     Widi Nugroho                   Hadir / Present
         2025
                                                                                                                          Putu Apriyanto                 Hadir / Present

                                                                                                                          Resi Lora                      Hadir / Present

  63.    15 Desember          Update Sosialisasi POJK 24 Tahun              Update on the Socialization of                Boedi Armanto*                 Hadir / Present
         2025                 2025                                          POJK 24 of 2025
         December 15,
         2025

  64.    22 Desember          •    Pembidangan Divisi dan SO                •   Division and Operation Division           Boedi Armanto*                 Hadir / Present
         2025                 •    Asuransi Kesehatan Pegawai               •   Employee Health Insurance
         December 22,         •    Update Acara HUT Bank                    •   Bank Mandiri Taspen & MSA
         2025                      Mandiri Taspen & MSA                         Anniversary Event Update
                              •    Update Hasil Audit Bank                  •   Bank Mandiri Audit Results
                                   Mandiri                                      Update
                              •    Update Proyeksi Kinerja dan              •   Year-End Performance
                                   Kondisi Likuiditas Akhir Tahun               Projection and Liquidity Update

  65.    29 Desember          •    Update Hasil Audit Bank                  •   Bank Mandiri Audit Results                Boedi Armanto*                 Hadir / Present
         2025                      Mandiri                                      Update
         December 29,         •    Update Persiapan Terkini &               •   Update on Current Preparations
         2025                      Mitigasi Potensi op Risk Terkait             & Mitigation of Potential
                                   Tutup Tahun (EoY) 2025,                      Operational Risks Related
                                   memuat paparan holistic                      to the 2025 Year-End (EoY),
                                                                                including a holistic presentation
                              •    Update BCM                               •   BCM Update
                              •    Update SPM:                              •   SPM Update:
                                   Update Landing EoY Finance,                  Update on Landing EoY
                                   Key Success & Key Risk Factors               Finance, Key Success & Key
                                   dengan Akurasi & Presisi Angka               Risk Factors with Accuracy &
                                   Proyeksi.                                    Precision of Projected Figures.
                              •    Usulan persetujuan Anggaran              •   Proposed approval of the 2026
                                   dan RKAP Aspiratif 2026                      Aspirational Budget and Work
                              •    Usulan Persetujuan Kerugian                  Plan and Budget (RKAP)
                                   Risiko Operasional                       •   Proposed approval of
                                                                                Operational Risk Losses

*Ditetapkan untuk melaksanakan tindakan kepengurusan yang mencakup mengenai hak, wewenang, dan kewajiban Direksi terhadap Perseroan dan kepada Pihak Ketiga
berdasarkan Keputusan Dewan Komisaris No. KEP.DEKOM/006/XII/2025 tanggal 10 Desember 2025 tentang Penetapan Pelaksana Tugas Direksi (Caretaker Direksi). /
Determined to carry out management actions covering the rights, authorities, and obligations of the Board of Directors towards the Company and towards Third Parties based on
the Decree of the Board of Commissioners No. KEP.DEKOM/006/XII/2025 dated December 10, 2025 concerning the Determination of the Acting Directors (Caretaker Directors).




Agenda dan peserta rapat gabungan Dewan Komisaris dengan                                  The agenda and participants of the joint meeting of the Board
Direksi disajikan pada bagian Rapat Dewan Komisaris Bab Tata                              of Commissioners and the Board of Directors are presented
Kelola Perusahaan dalam Laporan tahunan ini.                                              in the Board of Commissioners’ Meeting section, Corporate
                                                                                          Governance Chapter of this annual report.


Frekuensi dan Kehadiran Rapat Direksi                                                     Frequency and Attendance of Board of Directors’
                                                                                          Meetings

Selama tahun 2025, Direksi telah melaksanakan rapat internal                              In 2025, the Board of directors held 62 internal meetings and
sebanyak 62 (enam puluh dua) kali dan rapat gabungan Dewan                                5 joint meetings between the Board of Commissioners and
Komisaris bersama Direksi sebanyak 5 (lima) kali. Adapun                                  the Board of Directors. The frequency and attendance of each
frekuensi dan kehadiran masing-masing anggota Direksi                                     member of the Board of Directors is as follows
adalah sebagai berikut.




2025 Annual Report                                                                                                                                              515
Page 516
Corporate Governance
Corporate Governance




Tabel Frekuensi dan Kehadiran Rapat Direksi
Table of Frequency and Attendance of Board of Directors’ Meetings


                                                                                                                    Rapat Gabungan Direksi dengan
                                                                       Rapat Direksi                                        Dewan Komisaris
                                                                 Board of Directors Meeting                       Joint Meeting of the Board of Directors
                                                                                                                     and the Board of Commissioners

                                                           Jumlah dan Persentase Kehadiran                         Jumlah dan Persentase Kehadiran
        Nama                      Jabatan
                                                          Number and Percentage of Attendance                     Number and Percentage of Attendance
        Name                      Postition

                                                                              Jumlah
                                                           Jumlah                                                  Jumlah             Jumlah
                                                                            Kehadiran
                                                            Rapat                              Persentase           Rapat           Kehadiran          Persentase
                                                                            Number of
                                                          Number of                            Percentage         Number of         Number of          Percentage
                                                                            Attendance
                                                          Meetings                                                Meetings          Attendance


                          Direktur Utama
 Panji Irawan*                                                  -                  -                  -                 -                  -                  -
                          President Director

 Rudi As                  Wakil Direktur Utama
                                                                -                  -                  -                 -                  -                  -
 Aturridha**              Vice President Director

                          Direktur Compliance &
                          Human Resource
 Rio Lanasier*                                                  -                  -                  -                 -                  -                  -
                          Director of Compliance
                          & Human Resource

 Henrisa Yunan            Direktur IT & Digital
                                                                -                  -                  -                 -                  -                  -
 Lubis**                  Director of IT & Digital

                          Direktur Keuangan
                          & Risk
 Rima Cahyani*                                                  -                  -                  -                 -                  -                  -
                          Director of Finance
                          & Risk

 Mahrauza                 Direktur Bisnis
                                                                -                  -                  -                 -                  -                  -
 Purnaditya**             Director of Business

 Rizky Olyvia             Direktur Funding
                                                                -                  -                  -                 -                  -                  -
 Nasution**               Director of Funding

                          Direktur Transformasi
                          dan Pengembangan
 Noer                     Usaha
                                                                -                  -                  -                 -                  -                  -
 Fajrieansyah**           Director of Business
                          Transformation and
                          Development

 Elmamber Petamu          Direktur Utama
                                                               35                 33                 94                 5                  5                100
 Sinaga***                President Director

 Maswar                   Direktur Business
                                                               62                 61                 98                 5                  5                100
 Purnama****              Director of Business

                          Direktur IT & Digital
 Widi Nugroho****                                              62                 62                100                 5                  5                100
                          Director of IT & Digital

                          Direktur Finance, Risk
 Putu                     & Operations
                                                               62                 61                 98                 5                  5                100
 Apriyanto****            Director of Finance,
                          Risk & Operations

                          Direktur Compliance &
                          Control
 Resi Lora****                                                 62                 60                 97                 5                  5                100
                          Director of Compliance
                          & Control
Keterangan / Note:
*)    Telah diangkat berdasarkan keputusan sirkuler Pemegang Saham tanggal 04 Desember 2025 dan telah lulus Penilaian Kemampuan & Kepatutan oleh Otoritas Jasa
      Keuangan / Appointed based on the Circular Resolution of the Shareholders dated December 4, 2025 and has passed the Fit and Proper Test conducted by Otoritas Jasa
      Keuangan.
**) Telah diangkat berdasarkan keputusan sirkuler Pemegang Saham tanggal 04 Desember 2025 dan masih dalam proses Penilaian Kemampuan & Kepatutan oleh Otoritas
      Jasa Keuangan / Appointed based on the Circular Resolution of the Shareholders dated December 4, 2025 and is currently in the process of the Fit and Proper Test
      conducted by Otoritas Jasa Keuangan.
***) Telah mengundurkan diri efektif pada tanggal 27 Juni 2025 dan telah ditetapkan dalam RUPSLB tanggal 25 September 2025 / Resigned effective June 27, 2025 and has
      been resolved at the Extraordinary General Meeting of Shareholders (EGMS) held on September 25, 2025.
****) Telah diberhentikan berdasarkan Keputusan Sirkuler Pemegang Saham tanggal 04 Desember 2025 yang diaktakan dengan Akta Notaris Nomor 25 Tanggal 18 Desember
      2025 / Dismissed based on the Circular Resolution of the Shareholders dated December 4, 2025, as stipulated in Notarial Deed No. 25 dated December 18, 2025.




     516                                                                                                                                       Laporan Tahunan 2025
Page 517
                                                                                                                  PT Bank Mandiri Taspen




Selama tahun 2025, Rapat Umum Pemegang Saham Tahunan                   During 2025, the Annual and Extraordinary General Meetings
dan Luar Biasa dilakukan secara sirkuler, sehingga tidak               of Shareholders were conducted through circular resolutions;
terdapat informasi terkait kehadiran Dewan Komisaris dan               therefore, no information was available regarding the attendance
Direksi dalam RUPS selama tahun buku.                                  of the Board of Commissioners and the Board of Directors at the
                                                                       GMS during the financial year.


Pelatihan dan/atau Peningkatan Kompetensi                              Training and/or Increasing the Competence
Anggota Direksi                                                        of the Members of the Board of Directors

Kebijakan Pelatihan dan/atau Peningkatan                               Training and/or Improving Competency Policy
Kompetensi

Anggota Direksi Bank Mandiri Taspen senantiasa meningkatkan            Members of the Board of Directors of Bank Mandiri Taspen
kemampuannya melalui berbagai Training dan pelatihan                   always improve their abilities through various offline and online
secara tatap muka maupun dilaksanakan melalui media online,            media training and training, including members of the Board
termasuk Anggota Direksi yang baru diangkat oleh Rapat Umum            of Directors who have just been appointed by the General
Pemegang Saham juga diberikan pelatihan terkait tugas-tugas            Meeting of Shareholders are also given training related to the
yang akan dijalani dan juga pengetahuan tentang perbankan              tasks that will be carried out and also knowledge about banking
pada umumnya. Sesuai ketentuan Pedoman dan Tata Tertib                 in general. In accordance with the provisions of the Guidelines
Kerja Direksi PT Bank Mandiri Taspen Bab VIII tentang                  and Work Procedures for the Board of Directors of PT Bank
Pelatihan dan Program Orientasi Direksi mewajibkan Anggota             Mandiri Taspen Chapter VIII concerning the Training and
Direksi untuk mengikuti pelatihan sekurang-kurangnya 2                 Orientation Program for the Board of Directors, it is mandatory
(dua) kali dalam setahun guna menunjang pelaksanaan tugas              for members of the Board of Directors to attend training at least
dan kewajibannya dan dapat mengikuti program pelatihan,                2 (two) times a year to support the implementation of their
maupun seminar di dalam maupun luar negeri, selain itu terkait         duties and obligations and to be able to take part in training
kewajiban pelatihan yang harus dilaksanakan oleh Direksi               programs, as well as seminars at home and abroad, in addition
berpedoman pula pada aturan eksternal diantaranya tentang              to the training obligations that must be carried out by the Board
kewajiban untuk memiliki sertifikasi Manajemen Risiko beserta          of Directors, it is also guided by external regulations, including
refreshmentnya serta kewajiban memiliki Sertifikasi Trasuri            the obligation to have Risk Management certification and its
dan Penerapan Kode Etik Pasar dan ketentuan lainya terkait             refreshment and the obligation to have Trasuri Certification and
peningkatan kompetensi Direksi.                                        Application of the Market Code of Ethics and other provisions
                                                                       related to increasing the competence of the Board of Directors.


Pelaksanaan Pelatihan dan/atau Peningkatan                             Implementation of Training and/or Improvement
Kompetensi                                                             of Competencies


                                                    Jenis Pelatihan dan Materi
                                                                                            Waktu dan Tempat
                                                           Pengembangan
       Nama                  Jabatan                                                          Pelaksanaan              Penyelenggara
                                                      Kompetensi /Pelatihan
       Name                  Position                                                       Time and Place of            Organizer
                                                 Types of Training and Development
                                                                                             Implementation
                                                   Materials Competence/Training

 Panji Irawan*       Direktur Utama             Refreshment Sertifikasi Manajemen Risiko   Online, 09 Desember       Peak Pratama
                     President director         Perbankan Kualifikasi 7                    2025
                                                Banking Risk Management Certification      Online, December 09,
                                                Refreshment Qualification 7                2025

 Rudi As             Wakil Direktur Utama       Pembekalan Manajemen Risiko Perbankan      Jakarta, 19 dan 23        LPPI
 Aturridha**         Vice President director    Kualifikasi 7 Tanpa Berjenjang             Desember 2025
                                                Banking Risk Management Training           Jakarta, December 19
                                                Qualification 7 Without Level              and 23, 2025

 Rio Lanasier*       Direktur Compliance        Refreshment Sertifikasi Manajemen Risiko   Online, 09 Desember       Peak Pratama
                     & Human Resource           Perbankan Kualifikasi 7                    2025
                     Director of Compliance     Banking Risk Management Certification      Online, December 09,
                     & Human Resources          Refreshment Qualification 7                2025

 Henrisa Yunan       Direktur IT & Digital      Pembekalan Manajemen Risiko Perbankan      Jakarta, 23 Desember      LPPI
 Lubis**             Director of IT & Digital   Kualifikasi 7 Tanpa Berjenjang             2025
                                                Banking Risk Management Training           Jakarta, December 23,
                                                Qualification 7 Without Level              2025




2025 Annual Report                                                                                                             517
Page 518
Corporate Governance
Corporate Governance




                                                      Jenis Pelatihan dan Materi
                                                                                              Waktu dan Tempat
                                                             Pengembangan
       Nama                    Jabatan                                                          Pelaksanaan            Penyelenggara
                                                        Kompetensi /Pelatihan
       Name                    Position                                                       Time and Place of          Organizer
                                                   Types of Training and Development
                                                                                               Implementation
                                                     Materials Competence/Training

 Rima Cahyani*         Direktur Keuangan          Pembekalan Manajemen Risiko Perbankan      Jakarta, 24 Desember     LPPI
                       & Risk                     Kualifikasi 7                              2025
                       Director of Finance        Banking Risk Management Training           Jakarta, December 24,
                       & Risk                     Qualification 7 Without Level              2025

 Mahrauza              Direktur Bisnis            Pembekalan Manajemen Risiko Perbankan      Jakarta, 30 Desember     LPPI
 Purnaditya**          Director of Business       Kualifikasi 7                              2025
                                                  Banking Risk Management Training           Jakarta, December 30,
                                                  Qualification 7 Without Level              2025

 Rizky Olyvia          Direktur Funding           Pembekalan Manajemen Risiko Perbankan      Jakarta, 23-24           LPPI
 Nasution**            Director of Funding        Kualifikasi 7 Tanpa Berjenjang             Desember 2025
                                                  Banking Risk Management Training           Jakarta, December 23-
                                                  Qualification 7 Without Level              24, 2025

 Noer                  Direktur Transformasi      Pembekalan Manajemen Risiko Perbankan      Jakarta, 23-24           LPPI
 Fajrieansyah**        dan Pengembangan           Kualifikasi 7 Tanpa Berjenjang             Desember 2025
                       Usaha                      Banking Risk Management Training           Jakarta, December 23-
                       Director of Business       Qualification 7 Without Level              24, 2025
                       Transformation and
                       Development

 Elmamber Petamu       Direktur Utama             Mandiri Strategic Thinking Initiatives     Jakarta, 13-14 Maret     Bank Mandiri
 Sinaga***             President director         (MSTI)                                     2025
                                                                                             Jakarta, March 13-14,
                                                                                             2025

                                                  Penguatan Operasional, Keamanan            Jakarta, 28 Mei 2025     Bank Mandiri Taspen
                                                  Transaksi, dan Aktivasi Digital Banking    Jakarta, May 28, 2025
                                                  melalui Perspektif IT & Operasional
                                                  Strengthening Operations, Transaction
                                                  Security, and Digital Banking Activation
                                                  through an IT & Operational Perspective

 Maswar                Direktur Business          Penguatan Operasional, Keamanan            Jakarta, 28 Mei 2025     Bank Mandiri Taspen
 Purnama****           Director of Business       Transaksi, dan Aktivasi Digital Banking    Jakarta, May 28, 2025
                                                  melalui Perspektif IT & Operasional
                                                  Strengthening Operations, Transaction
                                                  Security, and Digital Banking Activation
                                                  through an IT & Operational Perspective

                                                  Refreshment Sertifikasi Management         Online, 28 Agustus 2025 BARa
                                                  Risiko Jenjang 7                           Online, August 28, 2025
                                                  Risk Management Certification
                                                  Refreshment Level 7

                                                  Leadership Enchancement Acceleration       Jakarta, 30 September    PT TASPEN
                                                  Program (LEAP): Transformation             2025                     (Persero)
                                                  Leadership Becoming a Center of            Jakarta, September 30,
                                                  Excellence for Taspen Sustainability       2025

                                                  Leading with Well Being A Strategy for     Jakarta, 30 September    PT TASPEN
                                                  Sustainability by PT Taspen (Persero)      2025                     (Persero)
                                                                                             Jakarta, September 30,
                                                                                             2025

                                                  Taspen GRC Insight Forum (TGIF) : ESGRC    Jakarta, 01 Oktober      PT TASPEN
                                                  in Strengthening Integrity and Enhancing   2025                     (Persero)
                                                  Business Sustainability                    Jakarta, October 01,
                                                                                             2025

 Widi Nugroho****      Direktur IT & Digital      Penguatan Operasional, Keamanan            Jakarta, 28 Mei 2025     Bank Mandiri Taspen
                       Director of IT & Digital   Transaksi, dan Aktivasi Digital Banking    Jakarta, May 28, 2025
                                                  melalui Perspektif IT & Operasional
                                                  Strengthening Operations, Transaction
                                                  Security, and Digital Banking Activation
                                                  through an IT & Operational Perspective

                                                  Refreshment Sertifikasi Management         Online, 28 Agustus 2025 BARa
                                                  Risiko Jenjang 7                           Online, August 28, 2025
                                                  Risk Management Certification
                                                  Refreshment Level 7

                                                  Leadership Enchancement Acceleration       Jakarta, 30 September    PT TASPEN
                                                  Program (LEAP): Transformation             2025                     (Persero)
                                                  Leadership Becoming a Center of            Jakarta, September 30,
                                                  Excellence for Taspen Sustainability       2025




    518                                                                                                               Laporan Tahunan 2025
Page 519
                                                                                                                     PT Bank Mandiri Taspen




                                                     Jenis Pelatihan dan Materi
                                                                                              Waktu dan Tempat
                                                            Pengembangan
      Nama                  Jabatan                                                             Pelaksanaan               Penyelenggara
                                                       Kompetensi /Pelatihan
      Name                  Position                                                          Time and Place of             Organizer
                                                  Types of Training and Development
                                                                                               Implementation
                                                    Materials Competence/Training

                                                 Leading with Well Being A Strategy for      Jakarta, 30 September      PT TASPEN
                                                 Sustainability by PT Taspen (Persero)       2025                       (Persero)
                                                                                             Jakarta, September 30,
                                                                                             2025

                                                 Taspen GRC Insight Forum (TGIF) : ESGRC     Jakarta, 01 Oktober        PT TASPEN
                                                 in Strengthening Integrity and Enhancing    2025                       (Persero)
                                                 Business Sustainability                     Jakarta, October 01,
                                                                                             2025

                                                 The 3rd OJK International Research Forum    Yogyakarta, 6-7 Oktober OJK
                                                 (IRF) 2025                                  2025
                                                                                             Yogyakarta, October 6-7,
                                                                                             2025

                                                 AI in Action: Driving Transformation        Jakarta, 30 Oktober        Hawlett Packard
                                                 with Intelligent, Secure, and Sacalable     2025                       Enterprise
                                                 Solutions                                   Jakarta, October 30,
                                                                                             2025

                                                 Kolaborasi Industri Keuangan dalam          Jakarta, 01 Desember       IFFOC
                                                 Penguatan Perlindungan Konsumen             2025
                                                 melalui Indonesia Anti Scan Center (IASC)   Jakarta, December 01,
                                                 Financial Industry Collaboration in         2025
                                                 Strengthening Consumer Protection
                                                 through the Indonesia Anti-Fraud Scan
                                                 Center (IASC)

 Putu                Direktur Finance, Risk &    Pembekalan Sertifikasi SK-SP oleh LPPI      Jakarta, 18 Mei 2025       LPPI
 Apriyanto****       Operations                  (Sub Bidang Pengelolaan Transfer Dana)      Jakarta, May 18, 2025
                     Director of Finance, Risk   SK-SP Certification Provision by LPPI
                     & Operations                (Fund Transfer Management Sub-Sector)

                                                 Penguatan Operasional, Keamanan             Jakarta, 28 Mei 2025       Bank Mandiri Taspen
                                                 Transaksi, dan Aktivasi Digital Banking     Jakarta, Mei 28, 2025
                                                 melalui Perspektif IT & Operasional
                                                 Strengthening Operations, Transaction
                                                 Security, and Digital Banking Activation
                                                 through an IT & Operational Perspective

                                                 Risk Governance Summit 2025                 Online, 19 Agustus 2025 OJK
                                                                                             Online, Agustus 19, 2025

                                                 Refreshment Sertifikasi Management          Online, 28 Agustus 2025 BARa
                                                 Risiko Jenjang 7                            Online, Agustus 28,
                                                 Risk Management Certification               2025
                                                 Refreshment Level 7

                                                 Leadership Enchancement Acceleration        Jakarta, 30 September      PT TASPEN
                                                 Program (LEAP): Transformation              2025                       (Persero)
                                                 Leadership Becoming a Center of             Jakarta, September 30,
                                                 Excellence for Taspen Sustainability        2025

                                                 Leading with Well Being A Strategy for      Jakarta, 30 September      PT TASPEN
                                                 Sustainability by PT Taspen (Persero)       2025                       (Persero)
                                                                                             Jakarta, September 30,
                                                                                             2025

                                                 Taspen GRC Insight Forum (TGIF) : ESGRC     Jakarta, 01 Oktober        PT TASPEN
                                                 in Strengthening Integrity and Enhancing    2025                       (Persero)
                                                 Business Sustainability                     Jakarta, Oktober 01,
                                                                                             2025

                                                 BI-IILM-IFSB Joint High Level Seminar and   Jakarta, 03 Oktober        Bank Indonesia
                                                 Investor Forum: Enhancing Resilience and    2025
                                                 Innovation in Liquidity Management for      Jakarta, October 03,
                                                 Islamic Financial Services Industry         2025

 Resi Lora****       Direktur Compliance &       Peran GRC dalam Meningkatkan                Online, 25 Februari 2025 OJK
                     Control                     Kepercayaan Investor dan Stabilitas         Online, February 25,
                     Director of Compliance      Sektor Keuangan                             2025
                     & Control                   The Role of GRC in Enhancing Investor
                                                 Confidence and Financial Sector Stability

                                                 Inspirasi Kartini “Perempuan Cerdas,        Online, 22 April 2025      OJK
                                                 Berdaya dan Berintegritas Menuju            Online, April 22, 2025
                                                 Indonesia Emas”
                                                 The Role of GRC in Enhancing Investor
                                                 Confidence and Financial Sector Stability
                                                 Kartini’s Inspiration: “Smart, Empowered,
                                                 and Integrity-based Women Towards a
                                                 Golden Indonesia”



2025 Annual Report                                                                                                                  519
Page 520
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Corporate Governance




                                                               Jenis Pelatihan dan Materi
                                                                                                                Waktu dan Tempat
                                                                      Pengembangan
        Nama                       Jabatan                                                                        Pelaksanaan                  Penyelenggara
                                                                 Kompetensi /Pelatihan
        Name                       Position                                                                     Time and Place of                Organizer
                                                            Types of Training and Development
                                                                                                                 Implementation
                                                              Materials Competence/Training

                                                          Penguatan Operasional, Keamanan                     Jakarta, 28 Mei 2025           Bank Mandiri Taspen
                                                          Transaksi, dan Aktivasi Digital Banking             Jakarta, May 28, 2025
                                                          melalui Perspektif IT & Operasional
                                                          Strengthening Operations, Transaction
                                                          Security, and Digital Banking Activation
                                                          through an IT & Operational Perspective

                                                          Risk Governance Summit 2025                         Online, 19 Agustus 2025 OJK
                                                                                                              Online, August 19, 2025

                                                          GRC Summit : Resilience To                          Yogyakarta, 22 Agustus         CRMS Indonesia
                                                          Substainability "Leading Through GRC In             2025
                                                          The Post Digital Era"                               Yogyakarta, August 22,
                                                                                                              2025

                                                          Refreshment Sertifikasi Management                  Online, 28 Agustus 2025 BARa
                                                          Risiko Jenjang 7                                    Online, August 28, 2025
                                                          Risk Management Certification
                                                          Refreshment Level 7

                                                          Tren Modus dan Skema Pencucian Uang                 Online, 18 September           OJK
                                                          Terbaru: Strategi Identifikasi, Mitigasi, dan       2025
                                                          Penegakan Hukum                                     Online, September 18,
                                                          Latest Money Laundering Trends and                  2025
                                                          Schemes: Identification, Mitigation, and
                                                          Law Enforcement Strategies

                                                          Indonesia Stock Exchange Workshop on                Online, 23 September           IDX
                                                          IFRS Sustainability Standards                       2025
                                                                                                              Online, September 23,
                                                                                                              2025

                                                          Transformasi Generative AI : Peluang                Online, 25 September           OJK
                                                          Engine Optimization (GEO) dalam                     2025
                                                          Menggeser Dominasi Search Engine                    Online, September 25,
                                                          Optimization (SEO)                                  2025
                                                          Transformasi Generative AI : Peluang
                                                          Engine Optimization (GEO) dalam
                                                          Menggeser Dominasi Search Engine
                                                          Optimization (SEO)

                                                          Leadership Enchancement Acceleration                Jakarta, 30 September          PT TASPEN
                                                          Program (LEAP): Transformation                      2025                           (Persero)
                                                          Leadership Becoming a Center of                     Jakarta, September 30,
                                                          Excellence for Taspen Sustainability                2025

                                                          Leading with Well Being A Strategy for              Jakarta, 30 September          PT TASPEN
                                                          Sustainability by PT Taspen (Persero)               2025                           (Persero)
                                                                                                              Jakarta, September 30,
                                                                                                              2025

                                                          Taspen GRC Insight Forum (TGIF) : ESGRC             Jakarta, 01 Oktober            PT TASPEN
                                                          in Strengthening Integrity and Enhancing            2025                           (Persero)
                                                          Business Sustainability                             Jakarta, Oktober 01,
                                                                                                              2025

                                                          Memahami Pentingnya Integritas dalam                Online, 16 Oktober 2025 FKDKP
                                                          Pengelolaan Lembaga Keuangan
                                                          Understanding the Importance of Integrity
                                                          in Managing Financial Institutions

                                                          Sosialisasi Pernyataan Standar                      Online, 29 Oktober 2025 IDX
                                                          Pengungkapan Keberlanjutan (PSPK 1
                                                          dan 2)
                                                          Socialization of Sustainability Disclosure
                                                          Standard Statements (PSPK 1 and 2)

                                                          Pembekalan Sertifikasi Kepatuhan                    Online, 06 November            FKDKP
                                                          Jenjang 7                                           2025
                                                          Level 7 Compliance Certification Training

Keterangan / Note:
*)    Telah diangkat berdasarkan keputusan sirkuler Pemegang Saham tanggal 04 Desember 2025 dan telah lulus Penilaian Kemampuan & Kepatutan oleh Otoritas Jasa
      Keuangan / Appointed based on the Circular Resolution of the Shareholders dated December 4, 2025 and has passed the Fit and Proper Test conducted by Otoritas Jasa
      Keuangan.
**) Telah diangkat berdasarkan keputusan sirkuler Pemegang Saham tanggal 04 Desember 2025 dan masih dalam proses Penilaian Kemampuan & Kepatutan oleh Otoritas
      Jasa Keuangan / Appointed based on the Circular Resolution of the Shareholders dated December 4, 2025 and is currently in the process of the Fit and Proper Test
      conducted by Otoritas Jasa Keuangan.
***) Telah mengundurkan diri efektif pada tanggal 27 Juni 2025 dan telah ditetapkan dalam RUPSLB tanggal 25 September 2025 / Resigned effective June 27, 2025 and has
      been resolved at the Extraordinary General Meeting of Shareholders (EGMS) held on September 25, 2025.
****) Telah diberhentikan berdasarkan Keputusan Sirkuler Pemegang Saham tanggal 04 Desember 2025 yang diaktakan dengan Akta Notaris Nomor 25 Tanggal 18 Desember
      2025 / Dismissed based on the Circular Resolution of the Shareholders dated December 4, 2025, as stipulated in Notarial Deed No. 25 dated December 18, 2025.




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                                                                                                                    PT Bank Mandiri Taspen




Program Orientasi Bagi Direksi Baru                                       Orientation Program for the New Board of Directors

Bank Mandiri Taspen telah memiliki ketentuan terkait program              Bank Mandiri Taspen already has provisions related to the
orientasi bagi anggota Direksi baru sebagaimana diatur dalam              orientation program for new members of the Board of Directors
Pasal 21 Pedoman dan Tata tertib Kerja Direksi PT Bank                    as stipulated in Article 21 Guidelines and Work Procedures
Mandiri Taspen . Berdasarkan ketentuan tersebut, program                  for Directors of PT Bank Mandiri Taspen. Based on these
orientasi pengenalan bagi Direksi Baru Bank untuk memberikan              provisions, an introductory orientation program for the Bank’s
gambaran atas kegiatan bisnis, rencana perusahaan ke depan                New Directors to provide an overview of business activities,
panduan kerja dan lainya yang menjadi tanggung jawab                      future company plans, work guidelines and others that are the
anggota Direksi baru, dengan hal-hal yang disampaikan                     responsibility of new members of the Board of Directors, with
termasuk namun tidak terbatas pada:                                       matters submitted including but not limited to:
1. Penyampaian dokumen perusahaan berupa Anggaran                         1. Submission of company documents in the form of Articles
    Dasar, Laporan Tahunan, Rencana Kerja dan Anggaran                        of Association, Annual Report, Company Work and Budget
    Perusahaan (RKAP), Rencana Bisnis Bank (RBB), Rencana                     Plan (RKAP), Bank Business Plan (RBB), Company Long
    Jangka Panjang Perusahaan (RJPP), Kebijakan-kebijakan                     Term Plan (RJPP), Company policies, Company Code of
    Perusahaan, Kode Etik Perusahaan, Program Kerja Direksi                   Ethics, Work Program of Directors and Committees under
    dan Komite di bawah Direksi, Pedoman Tata Tertib Direksi,                 the Board of Directors, the Board of Directors Rules of
    serta peraturan perundang-undangan yang terkait dengan                    Procedure, and laws and regulations related to the Bank’s
    proses bisnis Bank;                                                       business processes;
2. Kegiatan on site visit (kunjungan) ke unit kerja di Kantor Pusat       2. On site visit activities (visit) to work units at the Head
    maupun Cabang untuk bertemu dan bertatap muka langsung                    Office and Branches to meet and meet face to face both
    baik dengan pimpinan unit kerja dan karyawan yang berada di               with the heads of work units and employees who are under
    bawah supervisi anggota Direksi yang bersangkutan. Dengan                 the supervision of the member of the Board of Directors
    dilakukan kunjungan dapat saling mengenal, dan memahami                   concerned. With visits, you can get to know each other, and
    serta menjalin kerja sama yang solid.                                     understand and establish solid cooperation..


Pada tahun 2025 terdapat pengangkatan anggota Direksi baru                In 2025, there was an appointment of new members of the
dan telah dilaksanakan program orientasi bagi Direksi baru                Board of Directors, and an orientation program for the newly
yaitu sebagai berikut:                                                    appointed Directors was conducted as follows:



 Direksi yang mengikuti
   Program Orientasi
                                   Tanggal                               Kegiatan                                      Peserta
   Board of Directors
                                    Date                                 Activity                                    Participants
   Participating in the
  Orientation Program

 -   Panji Irawan              09 Desember 2025     Program Perkenalan Bank Mandiri Taspen terdiri dari:   -   Division Head Corporate
 -   Rudi As Aturridha         December 9, 2025     - Tata Tertib Direksi                                      Secretary & Legal
 -   Rio Lanasier                                   - Tunjangan dan Fasilitas Direksi                      -   Division Head Human Capital
 -   Henrisa Yunan Lubis                            - Fasilitas Penunjang Lainnya untuk Direksi            -   Division Head SPM
 -   Rima Cahyani                                   - KPI Bank Mandiri Taspen                              -   Dept Head di Divisi Corporate
 -   Mahrauza Purnaditya                            - Limit Pemutusan Biaya, Pengadaan Barang dan              Secretary & Legal
 -   Rizky Olyvia Nasution                             Jasa                                                -   Dept Head di Divisi Human
 -   Noer Fajrieansyah                              - Pembidangan Tugas dan Wewenang Anggota                   Capital
                                                       Direksi serta Pejabat Pengganti
                                                    - Struktur Organisasi PT Bank Mandiri Taspen
                                                    - Corporate Card

                                                    Bank Mandiri Taspen Introduction Program consisted
                                                    of:
                                                    - Board of Directors Code of Conduct
                                                    - Remuneration and Benefits of the Board of
                                                        Directors
                                                    - Other Supporting Facilities for the Board of
                                                        Directors
                                                    - Bank Mandiri Taspen Key Performance Indicators
                                                        (KPIs)
                                                    - Approval Limits for Expenses and Procurement of
                                                        Goods and Services
                                                    - Scope of Duties and Authorities of Members of
                                                        the Board of Directors and Acting Officials
                                                    - Organizational Structure of PT Bank Mandiri
                                                        Taspen
                                                    - Corporate Card




2025 Annual Report                                                                                                                  521
Page 522
Corporate Governance
Corporate Governance




 Direksi yang mengikuti
   Program Orientasi
                                  Tanggal                            Kegiatan                                     Peserta
   Board of Directors
                                   Date                              Activity                                   Participants
   Participating in the
  Orientation Program

 -   Panji Irawan            19 Desember 2025    Overview dengan Divisi SPM                          -   Division Head SPM &
                             December 19,        & Accounting                                            Accounting
                             2025                Overview session with the SPM & Accounting          -   Dept Head di Divisi SPM &
                                                 Division                                                Accounting

 -   Henrisa Yunan Lubis     24 Desember 2025    Overview dengan Divisi Risk Management              -   Division Head Risk
                             December 24,        Overview session with the Risk Management               Management
                             2025                Division                                            -   Dept Head di Divisi Risk
                                                                                                         Management

 -   Rio Lanasier            30 Desember 2025    Overview dengan Divisi SPM dan Divisi Risk          -   Division Head Divisi SPM &
 -   Rima Cahyani            December 30,        Management                                              Accounting
 -   Noer Fajrieansyah       2025                Overview session with the SPM Division and Risk     -   Division Head Risk
                                                 Management Division                                     Management
                                                                                                     -   Dept Head di Divisi SPM &
                                                                                                         Accounting
                                                                                                     -   Dept Head di Divisi Risk
                                                                                                         Management

 -   Panji Irawan            04 Januari 2026     Overview dengan Divisi Internal Audit               -   Division Head Internal Audit
                             January 4, 2026     Overview session with the Internal Audit Division   -   Dept Head di Divisi Internal
                                                                                                         Audit

 -   Panji Irawan            06 Januari 2026     Overview dengan Divisi SPM dan Divisi Risk          -   Division Head Divisi SPM &
 -   Rudi As Aturridha       January 6, 2026     Management                                              Accounting
 -   Rio Lanasier                                Overview session with the SPM Division and Risk     -   Division Head Risk
 -   Henrisa Yunan Lubis                         Management Division                                     Management
 -   Mahrauza Purnaditya                                                                             -   Dept Head di Divisi SPM &
 -   Rizky Olyvia Nasution                                                                               Accounting
                                                                                                     -   Dept Head di Divisi Risk
                                                                                                         Management

 -   Panji Irawan            07 Januari 2026     Overview dengan Divisi Compliance                   -   Division Head Compliance
 -   Rudi As Aturridha       January 7, 2026     Overview session with the Compliance Division       -   Dept Head di Divisi Compliance
 -   Rio Lanasier
 -   Henrisa Yunan Lubis
 -   Rima Cahyani
 -   Mahrauza Purnaditya
 -   Rizky Olyvia Nasution

 -   Noer Fajrieansyah       12 Januari 2026     Overview dengan Divisi SPM                          -   Division Head Divisi SPM &
                             January 12, 2026    & Accounting                                            Accounting
                                                 Overview session with the SPM & Accounting          -   Dept Head di Divisi SPM &
                                                 Division                                                Accounting

 -   Noer Fajrieansyah       29 Januari 2026     Overview dengan Divisi Compliance                   -   Division Head Compliance
                             January 29, 2026    Overview session with the Compliance Division       -   Dept Head di Divisi Compliance



Keputusan dan Pelaksanaan Tugas Direksi                               Decision and Implementation of the Duties
                                                                      of the Board of Directors

Dalam kegiatan pengurusan perusahaan, Direksi menerbitkan             In company management activities, the Board of Directors
Keputusan-keputusan sebagai pedoman dalam menjalankan                 issued decisions as guidelines in carrying out business
kegiatan bisnis dan operasional perusahaan. Keputusan Direksi         activities and company operations. The decision of the Board of
tersebut juga dapat didelegasikan kepada setiap anggota               Directors could also be delegated to each member of the Board
Direksi sesuai dengan pembidangan masing-masing anggota               of Directors in accordance with the direction of each member of
Direksi tersebut.                                                     the Board of Directors.


Direksi baik secara kolegial maupun sendiri-sendiri, dalam            The Board of Directors, both collegially and individually, in
melakukan pemutusan wajib didukung dengan data dan/                   making decisions had to be supported by adequate data and/
atau analisis yang memadai sesuai dengan materi yang akan             or analysis in accordance with the material for which a decision
dimintakan keputusan termasuk namun tidak terbatas pada               will be requested, including but not limited to compliance
kajian/analisis kepatuhan dan ketentuan yang menjadi acuan serta      studies/ analysis and provisions that served as references and
diadministrasikan dengan baik untuk kepentingan audit trail.          were properly administered for the benefit of audit trails.




     522                                                                                                           Laporan Tahunan 2025
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                                                                                                            PT Bank Mandiri Taspen




Dalam pelaksanaan tugasnya, pembagian tugas dan wewenang            In carrying out their duties, the division of duties and authorities
setiap anggota Direksi ditetapkan oleh Rapat Umum Pemegang          of each member of the Board of Directors was determined by
Saham, dalam hal Rapat Umum Pemegang Saham tidak                    the General Meeting of Shareholders, in the timen that the
menetapkan pembagian tugas dan wewenang tersebut, maka              General Meeting of Shareholders did not determine the division
pembagian tugas dan wewenang di antara Direksi ditetapkan           of duties and authorities, the division of tasks and authority
berdasarkan keputusan Direksi.                                      among the Board of Directors was determined based on a
                                                                    decision of the Board of Directors.


Adapun pelaksanaan tugas Direksi tahun 2025 secara umum             The general duties of the Board of Directors in 2025 were as
adalah sebagai berikut:                                             follows:
1. Pelaksanaan Rencana Bisnis Bank 2024-2026.                       1. Implemented the Bank Business Plan for 2024–2026.
2. Penyusunan Rencana Bisnis Bank 2025-2027.                        2. Prepared the Bank Business Plan for 2025–2027.
3. Pelaksanaan Rencana Jangka Panjang Perusahaan 2021-              3. Implemented the Company’s Long-Term Plan for 2021–
    2025 untuk periode 2025.                                             2025 for the 2025 period.
4. Pemenuhan        target    kinerja   Perseroan        dengan     4. Achieved the Company’s performance targets by
    memaksimalkan pertumbuhan segmen Pensiunan sebagai                   maximizing growth in the pension segment as the core
    core bisnis Bank Mandiri Taspen serta Kredit Mikro dan               business of Bank Mandiri Taspen, as well as in Micro and
    Retail.                                                              Retail lending.
5. Pelaksanaan Rencana Aksi Keuangan Berkelanjutan                  5. Implemented the 2025 Sustainable Finance Action Plan
    (RAKB) 2025 dan Penyusunan RAKB Jangka Panjang                       (RAKB) and prepared the Long-Term RAKB for 2025–
    2025-2029.                                                           2029.
6. Pelaksanaan monitoring implementasi dari strategi korporasi      6. Conducted monitoring of the implementation of corporate
    yang dituangkan dalam strategy house sebagai berikut:                strategies as outlined in the strategy house, as follows:
    a. Visi (goal)                                                       a. Vision (goal)
    b. Indikator utama (Key Metrics)                                     b. Key metrics
    c. Pilar Bisnis                                                      c. Business pillars
    d. Pilar Enablers                                                    d. Enabler pillars
7. Pengelolaan aset dan Keuangan.                                   7. Managed assets and financial matters.
8. Penyelenggaraan rapat Direksi. Selama tahun 2025 telah           8. Conducted Board of Directors meetings. Throughout 2025,
    diadakan sebanyak 65 (enam puluh lima) kali dan 5 (lima) kali        a total of 65 (sixty-five) meetings and 5 (five) Joint Meetings
    Rapat Gabungan (Direksi diundang oleh Dewan Komisaris).              (Board of Directors invited by the Board of Commissioners)
                                                                         were held.
9. Penyelenggaraan Rapat Umum Pemegang Saham                        9. Conducted the Annual General Meeting of Shareholders for
    Tahunan Tahun Buku 2024 secara sirkuler tanggal 30                   Financial Year 2024 through circular resolution on June 30,
    Juni 2025 dan Rapat Umum Pemegang Saham Luar Biasa                   2025, and Extraordinary General Meetings of Shareholders
    yang dilaksanakan secara sirkuler tanggal 05 Mei 2025, 25            through circular resolutions on May 5, 2025, September 25,
    September 2025, 04 Desember 2025.                                    2025, and December 4, 2025.
10. Pengawasan dan perbaikan proses bisnis internal untuk           10. Oversaw and improved internal business processes
    kecepatan proses dan menjaga tingkat kesehatan bank.                 to enhance processing speed and maintain the Bank’s
                                                                         soundness level.
11. Peningkatan penerapan Good Corporate Governance                 11. Strengthened the implementation of Good Corporate
    dalam setiap kegiatan usaha sehingga Bank Mandiri Taspen             Governance across all business activities, resulting in Bank
    memperoleh predikat “Most Trusted” pada pelaksanaan                  Mandiri Taspen obtaining the “Most Trusted” predicate in the
    CGPI dengan skor mencapai 91,02 atau meningkat dari                  Corporate Governance Perception Index (CGPI) with a score
    periode sebelumnya 90,56.                                            of 91.02, an increase from 90.56 in the previous period.
12. Pengembangan bisnis baru dan pemanfaatan teknologi              12. Developed new business initiatives and leveraged digital
    digital untuk mendorong pertumbuhan Bank.                            technology to drive the Bank’s growth.
13. Live Core Banking System “Maestro” tanggal 17 Agustus           13. Implemented the Core Banking System “Maestro,” which
    2025                                                                 went live on August 17, 2025.
14. Penyaluran dana CSR untuk kegiatan pelestarian                  14. Disbursed CSR funds for environmental preservation,
    lingkungan, sosial, kemasyarakatan, dan kesehatan                    social, community, and health initiatives totaling
    dengan total penyaluran sebesar Rp1.346.446.395,-                    Rp1,346,446,395, compared to Rp2,945,718,960 in 2024.
    meningkat dibandingkan dengan tahun 2024 sebesar
    Rp2.945.718.960,-




2025 Annual Report                                                                                                           523
Page 524
Corporate Governance
Corporate Governance




15. Peningkatan program Tiga Pilar Mantap Indonesia yang        15. Enhanced the Tiga Pilar Mantap Indonesia program,
    sepanjang tahun 2025 Bank telah menggelar pelatihan             under which the Bank conducted 62 training sessions
    untuk nasabah sebanyak 62 kali dan menjangkau 7.270             in 2025, reaching 7,270 customers across 39 cities in
    nasabah yang tersebar di 39 kota di Indonesia, sehingga         Indonesia. Since its launch in 2017 through 2025, a total
    secara keseluruhan sejak program diluncurkan pada tahun         of 447 training sessions had been conducted with 41,090
    2017 sampai dengan 2025 telah dilaksanakan pelatihan            participants.
    sebanyak 447 kali yang diikuti oleh 41.090 peserta.
16. Pelaksanaan tugas lainnya terkait pengurusan Perseroan.     16. Performed other duties related to the management of the
                                                                    Company.


Selama tahun 2025, Direksi telah menerbitkan keputusan          During 2025, the Board of Directors issued resolutions, among
antara lain:                                                    others, as follows:
1. Pembentukan Panitia Pengadaan Tanah dan/atau                 1. Established the Land and/or Building Procurement
    Bangunan untuk Rencana Pembelian Aset Kantor Cabang             Committee for the planned acquisition of branch office
    Serang PT Bank Mandiri Taspen.                                  assets in Serang of PT Bank Mandiri Taspen.
2. Penetapan Rencana Kerja Anggaran Perusahaan (RKAP)           2. Approved the 2025 Corporate Work Plan and Budget
    Tahun 2025 PT Bank Mandiri Taspen.                              (RKAP) of PT Bank Mandiri Taspen.
3. Pemberian Limit Kewenangan Memutus Kredit Pensiun            3. Granted approval authority limits for Pension Loans and
    dan Kredit Retail PT Bank Mandiri Taspen.                       Retail Loans of PT Bank Mandiri Taspen.
4. Pemberian Limit Kewenangan Memutus Kredit Mantap             4. Granted approval authority limits for Mantap Sejahtera
    Sejahtera PT Bank Mandiri Taspen                                Loans of PT Bank Mandiri Taspen.
5. Pemberian Limit Kewenangan Memutus Kredit Pensiun PT         5. Granted approval authority limits for Pension Loans of PT
    Bank Mandiri Taspen                                             Bank Mandiri Taspen.
6. Pemberian Limit Kewenangan Memutus Kredit Pensiun            6. Granted approval authority limits for Pension Loans and
    dan Kredit Retail PT Bank Mandiri Taspen                        Retail Loans of PT Bank Mandiri Taspen.
7. Pemberian Limit Kewenangan Memutus Kredit Pensiun            7. Granted approval authority limits for Pension Loans and
    dan Kredit Mikro PT Bank Mandiri Taspen                         Micro Loans of PT Bank Mandiri Taspen.
8. Pemberian Limit Kewenangan Memutus Kredit Usaha              8. Granted approval authority limits for Kredit Usaha Rakyat
    Rakyat (KUR) dan Kredit Usaha Mantap (KUM) PT Bank              (KUR) and Kredit Usaha Mantap (KUM) of PT Bank Mandiri
    Mandiri Taspen                                                  Taspen.
9. Pencabutan Limit Kewenangan Memutus Kredit Pensiun,          9. Revoked approval authority limits for Pension Loans, Retail
    Kredit Retail, dan Restrukturisasi Kredit PT Bank Mandiri       Loans, and Loan Restructuring of PT Bank Mandiri Taspen.
    Taspen.
10. Pencabutan Limit Kewenangan Memutus Kredit Pensiun,         10. Revoked approval authority limits for Pension Loans, Retail
    Kredit Retail, dan Restrukturisasi Kredit PT Bank Mandiri       Loans, and Loan Restructuring of PT Bank Mandiri Taspen.
    Taspen
11. Perpanjangan Masa Tugas Keanggotaan Komite Audit            11. Extended the term of office of the Audit Committee
    Dewan Komisaris PT Bank Mandiri Taspen                          members under the Board of Commissioners of PT Bank
                                                                    Mandiri Taspen.
12. Pemberian Limit Kewenangan Memutus Kredit Pensiun,          12. Granted approval authority limits for Pension Loans, Micro
    Kredit Mikro, dan Kredit Retail PT Bank Mandiri Taspen          Loans, and Retail Loans of PT Bank Mandiri Taspen.
13. Tim Implementasi Information Security Management            13. Established the Information Security Management System
    System (ISMS) Berbasiskan ISO/IEC 27001:2022                    (ISMS) Implementation Team based on ISO/IEC 27001:2022.
14. Penugasan Pegawai                                           14. Assigned employees.
15. Pemberian Limit Kewenangan Memutus Kredit Mantap            15. Granted approval authority limits for Mantap Sejahtera
    Sejahtera (KSM) dan Kredit Tanpa Agunan (Channeling) PT         Loans (KSM) and Unsecured Loans (Channeling) of PT
    Bank Mandiri Taspen.                                            Bank Mandiri Taspen.
16. Pemberian Limit Kewenangan Memutus Kredit Tanpa             16. Granted approval authority limits for Unsecured Loans
    Agunan (Channeling) PT Bank Mandiri Taspen.                     (Channeling) of PT Bank Mandiri Taspen.
17. Surat Keputusan Direksi tentang Penetapan Pelaksana         17. Issued a Board of Directors Decree on the appointment of
    Tugas Direktur Utama PT Bank Mandiri Taspen.                    the Acting President Director of PT Bank Mandiri Taspen.
18. Limit Kewenangan Transaksi Operasional Cabang dan           18. Determined authority limits for branch operational
    Kewenangan Tandatangan pada Bilyet Deposito dan Buku            transactions and signing authority for deposit certificates
    Tabungan PT Bank Mandiri Taspen.                                and savings books of PT Bank Mandiri Taspen.
19. Informasi Suku Bunga Produk Dana.                           19. Determined interest rate information for funding products.




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                                                                                                           PT Bank Mandiri Taspen




20. Perubahan Lampiran Keputusan Direksi No. KEP.DIR/043/          20. Amended the appendix of Board of Directors Decree
    IX/2024 tanggal 30 September 2024 tentang Perubahan                No. KEP.DIR/043/IX/2024 dated September 30, 2024
    Struktur Organisasi PT Bank Mandiri Taspen.                        regarding changes to the organizational structure of PT
                                                                       Bank Mandiri Taspen.
21. Unit Kerja Khusus Penerapan Program Anti Pencucian             21. Established a special unit for the implementation of Anti-Money
    Uang, Pencegahan Pendanaan Terorisme, Dan Pencegahan               Laundering, Counter-Terrorism Financing, and Counter-
    Pendanaan Proliferasi Senjata Pemusnaan Masal (APU                 Proliferation Financing of Weapons of Mass Destruction (APU
    PPT & PPPSPM) PT Bank Mandiri Taspen.                              PPT & PPPSPM) of PT Bank Mandiri Taspen.
22. Penetapan Revisi Rencana Kerja Anggaran Perusahaan             22. Approved the revised 2025 Corporate Work Plan and
    (RKAP) Tahun 2025 PT Bank Mandiri Taspen                           Budget (RKAP) of PT Bank Mandiri Taspen.
23. Struktur Organisasi Business Continuity Management             23. Established the Business Continuity Management (BCM)
    (BCM) PT Bank Mandiri Taspen.                                      organizational structure of PT Bank Mandiri Taspen.
24. Group In Charge (GIC) PT Bank Mandiri Taspen.                  24. Determined the Group In Charge (GIC) of PT Bank Mandiri
                                                                       Taspen.
25. Perubahan Lampiran 2 (Dua) Keputusan Direksi Nomor             25. Amended Appendix 2 of Board of Directors Decree No.
    KEP.DIR/164.1/VII/2022 tentang Kewenangan Limit                    KEP.DIR/164.1/VII/2022 regarding authority limits for
    Pemutusan Biaya, Pengadaan Barang dan Jasa Serta                   expense approval, procurement of goods and services, and
    Pencairan Biaya di Lingkungan Kantor Pusat, Kantor                 disbursement of expenses within Head Office, Distribution
    Distribution, dan Kantor Cabang PT Bank Mandiri Taspen.            Offices, and Branch Offices of PT Bank Mandiri Taspen.
26. Pengangkatan dan Penempatan Tenaga Pemasaran Wakil             26. Appointed and assigned marketing personnel as Mutual
    Agen Penjual Efek Reksa Dana (WAPERD) di Kantor                    Fund Selling Agent Representatives (WAPERD) at Mutual
    Cabang Agen Penjual Efek Reksa Dana (APERD) PT Bank                Fund Selling Agent Branch Offices (APERD) of PT Bank
    Mandiri Taspen.                                                    Mandiri Taspen.
27. Perubahan Struktur Organisasi PT Bank Mandiri Taspen.          27. Amended the organizational structure of PT Bank Mandiri
                                                                       Taspen.
28. Perubahan Keanggotaan Komite Remunerasi dan Nominasi           28. Amended the composition of the Remuneration and
    Dewan Komisaris.                                                   Nomination Committee of the Board of Commissioners.
29. Pencabutan Surat Keputusan Direksi PT Bank Mandiri             29. Revoked the Board of Directors Decree of PT Bank Mandiri
    Taspen Nomor KEP.DIR/212/VII/2023 Tanggal 25 Juli 2023             Taspen No. KEP.DIR/212/VII/2023 dated July 25, 2023
    Tentang Fasilitas Dan Tunjangan Bagi Anggota Dewan                 regarding facilities and benefits for members of the Board
    Komisaris, Anggota Direksi Dan Anggota Komite Pihak                of Commissioners, Board of Directors, and Independent
    Independen Di Bawah Dewan Komisaris.                               Committee members under the Board of Commissioners.
30. Perubahan Keanggotaan Komite Pemantau Risiko Dewan             30. Amended the composition of the Risk Monitoring Committee
    Komisaris PT Bank Mandiri Taspen.                                  of the Board of Commissioners of PT Bank Mandiri Taspen.
31. Penetapan Tim Task Force Asuransi.                             31. Established the Insurance Task Force Team.
                                                                   .
Penilaian Kinerja Komite di Bawah Direksi dan                      Performance Assessment of Committees Under
Dasar Penilaiannya                                                 the Board of Directors and Basis of Their Rating

Untuk mengukur efektivitas kinerja komite di bawah Direksi         To measure the effectiveness of committees under the Board of
dalam membantu Direksi menjalankan pengurusan perusahaan           Directors in supporting the Directors in managing the Company,
maka dilakukan penilaian terhadap di bawah Direksi. Prosedur       performance evaluations were conducted for these committees.
penilaian kinerja komite di bawah Direksi dilakukan oleh Direksi   The evaluation procedures were carried out periodically by the
secara periodik dengan kriteria penilaian atas kinerja Komite      Board of Directors, with assessment criteria focusing on the
di bawah Direksi yaitu pemenuhan pelaksanaan rapat serta           fulfillment of meeting implementation and attendance during
kehadiran dalam rapat selama tahun buku.                           the financial year.


Direksi dibantu oleh 5 (lima) Komite yang semuanya bertugas        The Board of Directors was assisted by 5 (five) committees,
memberikan opini obyektif kepada Direksi dan membantu              all of which were tasked with providing objective opinions to
meningkatkan efektivitas pelaksanaan tugas Direksi secara          the Board of Directors and supporting the enhancement of the
sistematis. Anggota Komite ditunjuk oleh Direksi dan dalam         effectiveness of the Board of Directors’ duties in a systematic
pelaksanaan rapat memberikan kontribusi sesuai dengan              manner. Committee members were appointed by the Board of
bidang keahliannya. Komite tersebut adalah sebagai berikut:        Directors and, in meetings, contributed in accordance with their
                                                                   respective areas of expertise. The committees were as follows:




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1.   Komite Manajemen Risiko                                     1.   Risk Management Committee
2.   Asset Liability Committee (ALCO)                            2.   Asset Liability Committee (ALCO)
3.   Komite Teknologi Informasi                                  3.   Information Technology Committee
4.   Komite Kredit                                               4.   Credit Committee
5.   Komite Kebijakan Perkreditan                                5.   Credit Policy Committee


Direksi menilai bahwa selama 2025, komite-komite di bawah        The Board of Directors assessed that, throughout 2025, the
Direksi telah menjalankan tugas dan tanggung jawabnya dengan     committees under the Board of Directors had performed their
baik. Komite Manajemen Risiko (KMR) bertugas memberikan          duties and responsibilities effectively. The Risk Management
rekomendasi kepada Direktur Utama yang meliputi rekomendasi      Committee (RMC) was tasked with providing recommendations
penyusunan kebijakan manajemen risiko, penetapan risk appetite   to the President Director, including recommendations on the
dan risk tolerance, penilaian efektivitas penerapan kerangka     formulation of risk management policies, the determination
manajemen risiko. Penyesuaian keanggotaan Komite dan             of risk appetite and risk tolerance, and the assessment of the
Tata tertib Komite terakhir diubah dengan SK Direksi No. KEP.    effectiveness of the implementation of the risk management
DIR/158/V/2022 tanggal 31 Mei 2022 perihal Komite Manajemen      framework. The latest adjustment to the Committee’s
Risiko (KMR) PT Bank Mandiri Taspen. Selama tahun 2025,          composition and charter was stipulated under Board of
Komite Manajemen Risiko telah melaksanakan tugasnya dengan       Directors Decree No. KEP.DIR/158/V/2022 dated May 31, 2022
baik. Komite Manajemen Risiko telah melaksanakan tugasnya        concerning the Risk Management Committee (RMC) of PT
dengan melaksanakan rapat sebanyak 7 (tujuh) kali.               Bank Mandiri Taspen. Throughout 2025, the Risk Management
                                                                 Committee performed its duties effectively, holding 7 (seven)
                                                                 meetings.


Asset and Liability Committee (ALCO) bertugas memberikan         The Asset and Liability Committee (ALCO) was tasked with
rekomendasi dalam menetapkan dan mengevaluasi kebijakan          providing recommendations in determining and evaluating
dan strategi pengelolaan likuiditas untuk menjaga likuiditas     policies and strategies for liquidity management to maintain
sesuai dengan ketentuan yang berlaku, mencukupi kebutuhan        liquidity in accordance with prevailing regulations, ensure
likuiditas dan meminimalisasi idle fund. Penyesuaian             adequate liquidity needs, and minimize idle funds. The latest
keanggotaan Komite dan Tata tertib Komite terakhir diubah        adjustment to the Committee’s composition and charter was
dengan SK Direksi Nomor KEP.DIR/162/VI/2022 tanggal 30           stipulated under Board of Directors Decree No. KEP.DIR/162/
Juni 2022 tentang Asset Liability Committee (ALCO) PT Bank       VI/2022 dated June 30, 2022 concerning the Asset Liability
Mandiri Taspen. Selama tahun 2025, ALCO telah melaksanakan       Committee (ALCO) of PT Bank Mandiri Taspen. Throughout
tugasnya dengan baik. ALCO telah melaksanakan tugasnya           2025, ALCO performed its duties effectively, holding 11
dengan melaksanakan rapat sebanyak 11 (sebelas) kali.            (eleven) meetings.


Komite Teknologi Informasi bertugas untuk membantu Direksi       The Information Technology Committee was tasked with
dalam menjalankan kebijakan dan strategi yang terkait dengan     assisting the Board of Directors in implementing policies and
aktivitas pengembangan Teknologi Informasi. Penyesuaian          strategies related to Information Technology development
keanggotaan Komite dan Tata tertib Komite terakhir diubah        activities. The latest adjustment to the Committee’s composition
dengan SK Direksi No. KEP.DIR/042/IX/2024 tertanggal             and charter was stipulated under Board of Directors Decree No.
23 September 2024 tentang Komite Teknologi Informasi             KEP.DIR/042/IX/2024 dated September 23, 2024 concerning
(Komite TI). Selama tahun 2025, Komite Teknologi Informasi       the Information Technology Committee (IT Committee).
telah melaksanakan tugasnya dengan baik. Komite Teknologi        Throughout 2025, the Information Technology Committee
Informasi telah melaksanakan tugasnya dengan melaksanakan        performed its duties effectively, holding 3 (three) meetings.
rapat sebanyak 3 (tiga) kali.


Komite Kredit berwenang dan bertanggung jawab untuk              The Credit Committee had the authority and responsibility
merekomendasikan dan atau memutus kredit sesuai                  to recommend and/or approve credit in accordance with the
kewenangan yang melekat pada individu, dasar kerja Komite        authority vested in each individual, with its working basis set
Kredit tertuang dalam Standar prosedur Kredit Retail dan         out in the Retail Credit Standard Procedures and Micro Credit
Standar Prosedur Kredit Mikro. Selama tahun 2025, Komite         Standard Procedures. Throughout 2025, the Credit Committee
Kredit telah melaksanakan tugasnya dengan baik. Komite           performed its duties effectively, holding 4 (four) meetings under
Kredit telah melaksanakan tugasnya dengan melaksanakan           the authority of the Board of Directors.
rapat sebanyak 4 (empat) kali yang menjadi kewenangan
Direksi.




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Komite Kebijakan Perkreditan bertugas untuk membantu                The Credit Policy Committee was tasked with assisting the
Direksi membantu Direksi dalam merumuskan kebijakan,                Board of Directors in formulating policies, overseeing policy
mengawasi pelaksanaan kebijakan, memantau perkembangan              implementation, and monitoring the development and condition
dan kondisi portofolio perkreditan. Penyesuaian keanggotaan         of the credit portfolio. The latest adjustment to the Committee’s
Komite dan Tata Tertib Komite terakhir diubah dengan SK             composition and charter was stipulated under Board of
Direksi No. DIR/157/V/2022 tertanggal 31 Mei 2022 tentang           Directors Decree No. DIR/157/V/2022 dated May 31, 2022
Komite Kebijakan Perkreditan. Selama tahun 2025, Komite             concerning the Credit Policy Committee. Throughout 2025,
Kebijakan Perkreditan telah melaksanakan tugasnya dengan            the Credit Policy Committee performed its duties effectively,
baik. Komite Kebijakan Perkreditan melaksanakan tugasnya            holding 5 (five) meetings.
dengan melaksanakan rapat sebanyak 5 (lima) kali.


Mekanisme Pengunduran Diri                                          Resignation and Termination Mechanism
dan Pemberhentian Direksi                                           of Directors

Mekanisme Pengunduran Diri                                          Resignation Mechanism

Sesuai dengan ketentuan Pasal 12 ayat 9 Anggaran Dasar              In accordance with the provisions of Article 12 paragraph
Perseroan, anggota Direksi berhak mengundurkan diri dari            9 of the Company’s Articles of Association, a member of the
jabatannya dengan memberitahukan secara tertulis kepada             Board of Directors has the right to resign from his position by
Bank paling kurang     (tiga puluh) hari sebelum tanggal            giving written notification to the Bank at least 30 days before
pengunduran dirinya. Selanjutnya dalam jangka 90 hari sejak         the date of his resignation. Furthermore, within 90 days of the
terjadinya lowongan harus diselenggarakan RUPS untuk                occurrence of vacancies, a GMS must be held to fill them with
mengisinya dengan memperhatikan peraturan perundang-                due observance of the laws and regulations and the Articles of
undangan dan Anggaran Dasar.                                        Association.


Pengunduran diri dapat disampaikan kurang dari 30 (tiga             Resignation can be submitted in less than 30 days in the
puluh) hari dalam hal terdapat penugasan yang bersangkutan          event that there is a relevant assignment by the competent
oleh pemerintah yang berwenang atau pemegang saham                  government or the majority shareholder of the Company’s
mayoritas dari Pemegang Saham Perseroan                             Shareholders.


Mekanisme Pemberhentian                                             Termination Mechanism

Berdasarkan ketentuan Pasal 105 UUPT, anggota Direksi dapat         Based on the provisions of Article 105 of the UUPT, members
diberhentikan sewaktu waktu oleh RUPS dengan menyebutkan            of the Board of Directors may be dismissed at any time by the
alasannya. Sebelum pemberhentian tersebut, anggota Direksi          GMS by stating the reason. Prior to the dismissal, the members of
yang bersangkutan diberikan kesempatan untuk membela diri           the Board of Directors concerned were given the opportunity to
dalam RUPS. Pemberhentian anggota Direksi dapat pula dilakukan      defend themselves in the GMS. The dismissal of members of the
dengan keputusan di luar RUPS dengan mekanisme yang sama,           Board of Directors can also be done by decisions outside the GMS
yaitu Direksi diberikan kesempatan untuk membela diri sebelum       with the same mechanism, namely the Board of Directors is given
diambil keputusan pemberhentian, apabila Direksi yang akan          the opportunity to defend themselves before a decision is taken
diberhentikan tidak tidak keberatan atas pemberhentian tersebut     dismissal, if the Board of Directors to be dismissed does not mind
maka pembelaan diri tersebut tidak diperlukan. Pemberhentian        the dismissal then self-defense is not required. Termination shall
akan berlaku efektif sejak ditutupnya RUPS atau tanggal keputusan   be effective from the closing of the GMS or the date of termination
pemberhentian di luar RUPS atau tanggal lain yang ditentukan.       decision outside the GMS or any other date specified.


Anggota Direksi juga dapat diberhentikan untuk sementara waktu      The member of the Board of Directors can also be temporarily
oleh Dewan Komisaris sebagaimana diatur dalam Pasal 12 ayat 12      dismissed by the Board of Commissioners as regulated in
Anggaran Dasar, apabila mereka bertindak bertentangan dengan        Article 12 Paragraph 12 Articles of Association, if they act
Anggaran Dasar atau terdapat indikasi melakukan pelanggaran         contrary to the Articles of Association or there are indications of
yang mengakibatkan kerugian bagi perusahaan. Pemberhentian          committing a violation which results in a loss for the company.
sementara anggota Direksi tersebut diberitahukan secara tertulis    Temporary dismissal of the member of the Board of Directors is
dengan menyampaikan alasannya.                                      notified in writing by conveying the reason.




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Dalam jangka waktu paling lambat 90 (sembilan puluh) hari       Within a maximum period of 90 days after the temporary
setelah tanggal pemberhentian sementara harus diselenggarakan   termination date, a GMS should be held. In GMS, the Directors
RUPS. Dalam RUPS Direksi yang bersangkutan diberikan hak        concerned are given the right to defend themselves. The
untuk membela diri. RUPS dapat mencabut ataupun menguatkan      GMS can revoke or strengthen the decision of termination. If
keputusan pemberhentian tersebut. Apabila keputusan RUPS        the decision of the GMS confirms the decision of a temporary
menguatkan keputusan pemberhentian sementara, anggota           dismissal, the member of the Board of Directors concerned will
Direksi yang bersangkutan diberhentikan untuk seterusnya.       be terminated for further.


Apabila tidak dilaksanakan RUPS dalam jangka waktu              If the GMS was not conducted within the period of time
sebagaimana ditentukan sejak pemberhentian sementara            specified in the temporary dismissal, or the GMS did not take
tersebut, ataupun RUPS tidak mengambil keputusan maka           any decision, the temporary dimissal becomes null and void and
pemberhentian sementara tersebut menjadi batal dan anggota      the member of The Board Directors concerned has the rights
Direksi yang bersangkutan berhak dan berwenang kembali          and duties to carry out his duties and obligations.
melakukan tugas dan kewajibannya.



Dewan Komisaris                                                 Board of Commissioners

Dewan Komisaris merupakan organ Perseroan yang bertugas         The Board of Commissioners is the organ of the Company
untuk melakukan pengawasan atas tindakan pengurusan             whose duty is to supervise management actions carried out by
yang dilakukan oleh Direksi. Dewan Komisaris memberikan         the Board of Directors. The Board of Commissioners provides
arahan kepada Direksi dalam menjalankan perusahaan dan          direction to the Board of Directors in running the company and
menerapkan Good Corporate Governance (GCG). Dewan               implementing Good Corporate Governance (GCG). The Board
Komisaris bertugas dan bertanggung jawab secara kolektif        of Commissioners has a collegial and collective responsibility..
kolegial.


Tugas Dewan Komisaris                                           Duties of the Board of Commissioners

Dalam Pedoman dan Tata Tertib Kerja Dewan Komisaris,            In the Guidelines and Working Code of the Board of
Dewan Komisaris bertugas:                                       Commissioners, the Board of Commissioners is in charge of:
1. Melakukan pengawasan terhadap pengurusan operasional         1. Supervise the management of the Bank’s operations carried
    Bank yang dilakukan Direksi serta memberi nasihat kepada       out by the Board of Directors as well as provide advice to
    Direksi termasuk mengenai rencana kerja, pengembangan          the Board of Directors including work plans, Bank business
    bisnis Bank, pelaksanaan ketentuan Anggaran Dasar,             development, implementation of the provisions of the
    dan keputusan RUPS serta peraturan perundangan yang            Articles of Association and GMS Decisions and applicable
    berlaku.                                                       laws and regulations.
2. Melaksanakan tugas, wewenang, dan tanggung jawab             2. Carry out duties, authorities and responsibilities in
    sesuai dengan ketentuan dalam Anggaran Dasar                   accordance with the provisions in the Articles of
    dan Keputusan RUPS secara efektif dan efisien serta            Association and GMS Decisions effectively and efficiently
    terpeliharanya efektivitas komunikasi antara Dewan             and maintain effective communication between the Board
    Komisaris dengan Direksi, Auditor Eksternal, dan Otoritas      of Commissioners and the Directors, External Auditors and
    Pengawas Bank atau Otoritas lainnya.                           the Bank Supervisory Authority or other Authorities.
3. Menjaga kepentingan Bank dengan memperhatikan                3. Maintain the interests of the Bank by taking into account
    kepentingan para pemegang saham dan bertanggung                the interests of the Shareholders and being responsible to
    jawab kepada RUPS.                                             the GMS.
4. Meneliti dan menelaah laporan tahunan yang disiapkan         4. Investigate and review the annual reports prepared by the
    Direksi serta menandatangani laporan tahunan tersebut.         Board of Directors and sign the annual report.
5. Memberikan pendapat dan saran atas Rencana Kerja             5. Provide opinions and suggestions on the Annual Work Plan
    dan Anggaran tahunan yang diusulkan Direksi dan                and Budget proposed by the Board of Directors and ratify
    mengesahkannya sesuai ketentuan Anggaran Dasar.                them in accordance with the Articles of Association.
6. Memonitor perkembangan kegiatan Bank.                        6. Monitor the progress of the Bank’s activities.
7. Memberikan pendapat dan saran kepada pemegang                7. Provide opinions and suggestions to the Shareholders
    saham mengenai masalah yang dianggap penting bagi              regarding problems that are considered important for the
    kepengurusan Bank.                                             management of the Bank.




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8. Segera mengadakan RUPS untuk melaporkan kepada               8. Immediately hold a GMS to report to shareholders in
    Pemegang Saham apabila terjadi gejala menurunnya                case of symptoms of decreased performance of the Bank
    kinerja Bank dengan disertai saran mengenai langkah             accompanied by suggestions on improvement measures to
    perbaikan yang harus ditempuh.                                  be taken.
9. Memberitahukan kepada Otoritas Jasa Keuangan paling          9. Notify the Financial Services Authority no later than 7
    lambat 7 (tujuh) hari kerja sejak ditemukannya:                 (seven) working days from the finding of:
    a. Pelanggaran peraturan perundang-undangan dibidang            a. Violations of laws and regulations in the field of finance
        keuangan dan perbankan.                                         and banking.
    b. Keadaan atau perkiraan keadaan yang dapat                    b. Circumstances or estimates of circumstances that could
        membahayakan kelangsungan usaha Bank.                           endanger the sustainability of the Bank’s business.
10. Mengusulkan kepada RUPS penunjukan Akuntan publik           10. Propose to the GMS the appointment of a public accountant
    yang akan melakukan pemeriksaan atas pembukuan Bank.            who will conduct an audit of the Bank’s books.
11. Melakukan pengawasan penerapan Tata Kelola Terintegrasi     11. Supervise the implementation of Integrated Governance
    dengan Entitas Utama (Group Perusahaan) dalam setiap            with the Main Entity (Company Group) in every aspect of
    aspek kegiatan usaha Bank dari seluruh jenjang organisasi       the Bank’s business activities from all levels of the Bank’s
    Bank.                                                           organization.


Agar supaya fungsi pengawasan dan fungsi pemberian nasihat      In order for the supervisory function and the function of
sebagaimana dimaksud dapat dilaksanakan dengan efektif,         advising as intended to be implemented effectively, the Board
maka Dewan Komisaris bertugas pula:                             of Commissioners is also:
1. Memberikan pendapat dan nasihat kepada Direksi tentang       1. Provide opinions and advice to management about
    penentuan visi, misi, budaya, dan nilai-nilai Bank.             determining the Bank’s vision, mission, culture and values.
2. Melakukan kajian dan memberikan pendapat tentang             2. Conduct studies and provide opinions on business
    strategi usaha yang diterapkan Bank.                            strategies applied by the Bank.
3. Melakukan penilaian, memberikan pendapat dan nasihat         3. Conduct assessments, give opinions and advice on human
    atas sistem pengelolaan sumber daya manusia. Dalam              resource management systems. In carrying out this task the
    melaksanakan tugas ini Dewan Komisaris dibantu oleh             Board of Commissioners is assisted by the Remuneration
    Komite Remunerasi dan Nominasi.                                 and Nomination Committee.
4. Melakukan penilaian, memberikan pendapat serta nasihat       4. Conduct an assessment, provide opinions and advice on
    atas sistem pengendalian risiko. Dalam melaksanakan tugas       the risk control system. In carrying out this task the Board of
    ini Dewan Komisaris dibantu oleh Komite Pemantau Risiko.        Commissioners is assisted by the Risk Monitoring Committee.
5. Melakukan penilaian, memberikan pendapat serta nasihat       5. Conduct an assessment, give opinions and advice on the
    atas Rancangan Business Plan dan penjabarannya kedalam          Business Plan Design and elaborate it into the Bank’s
    Rencana Kerja dan Anggaran Tahunan Bank (RKAP).                 Annual Work Plan and Budget (RKAP).
6. Memberikan persetujuan atas rancangan keputusan-             6. Approve the design of strategic business decisions or
    keputusan bisnis strategis atau kebijakan yang memenuhi         policies that meet legislation, the Articles of Association
    perundang-undangan, Anggaran Dasar dan keputusan                and GMS Decisions and prudential banking practices
    RUPS dan prudential banking practice termasuk komitmen          including a commitment to avoid any form of conflict of
    untuk menghindari segala bentuk benturan kepentingan            interest.
    (conflict of interest).
7. Melakukan penilaian atas laporan auditor internal maupun     7. Assess the internal and external auditor’s reports and
    eksternal dan memberikan nasihat kepada Direksi atas            provide advice to the Board of Directors on matters that
    hal-hal yang perlu ditindaklanjuti. Dalam melaksanakan          need to be followed up. In carrying out its duties the Board
    tugasnya Dewan Komisaris dibantu oleh Komite Audit.             of Commissioners is assisted by the Audit Committee.
8. Melakukan pengawasan secara periodik atas pelaksanaan        8. Periodically supervise the implementation of the RKAP
    RKAP dan memberikan pendapat/persetujuan atas                   and provide opinions/approvals for changes to the RKAP in
    perubahan RKAP sesuai dengan ketentuan berlaku.                 accordance with applicable regulations.
9. Menyampaikan laporan pengawasan kepada Otoritas dan          9. Submit a supervisory report to the Authority and
    Pemegang Saham.                                                 Shareholders.
10. Melakukan pengawasan atas mutu pelayanan Bank               10. Supervise the quality of Bank services to customers and
    kepada nasabah dan memberikan nasihat yang diperlukan           provide necessary advice to the Directors.
    kepada Direksi.
11. Melakukan penilaian, memberikan pendapat serta nasihat      11. Conduct an assessment, provide opinions and advice on the
    atas penerapan manajemen risiko yang mencakup pula ha-          implementation of risk management which also includes
    hal yang terkait dengan pengendalian fraud.                     matters relating to fraud control.




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12. Menyusun program kerja Dewan Komisaris yang di              12. Compile the work program of the Board of Commissioners
    dalamnya termasuk program Komite-komite penunjang               which includes the program of the supporting committees
    Dewan Komisaris.                                                of the Board of Commissioners.


Tugas dan Tanggung Jawab Komisaris Utama                        Duties and Responsibilities
                                                                of the President Commissioner

Dalam rangka pelaksanaan kegiatan Komisaris Utama, maka         In order to carry out the activities of the President Commissioner, the
Komisaris Utama mempunyai tugas serta tanggung jawab:           President Commissioner has the following duties and responsibilities:
1. Melakukan pemanggilan rapat Dewan Komisaris secara           1. Call for a meeting of the Board of Commissioners in
    tertulis yang disampaikan kepada seluruh anggota Dewan         writing which is delivered to all members of the Board of
    Komisaris dengan mencantumkan acara, tanggal, waktu            Commissioners by stating the agenda, date, time and place
    dan tempat rapat.                                              of the meeting.
2. Bertindak sebagai ketua rapat dalam rapat Dewan Komisaris.   2. Act as chairman of the Board of Commissioners meetings.
3. Memastikan pelaksanaan rapat Dewan Komisaris dan rapat       3. Ensure that the Board of Commissioners meetings and
    Komite-komite Dewan Komisaris terlaksana termasuk              Board of Commissioners Committee meetings are carried
    ketertiban risalah rapat.                                      out, including the orderliness of the minutes of the meetings.
4. Menerima laporan dari Komite-komite di bawah Dewan           4. Receive reports from Committees under the Board of
    Komisaris.                                                     Commissioners.


Hak dan Wewenang Dewan Komisaris                                Rights and Authority
                                                                of The Board of Commissioners

Hak dan wewenang Dewan Komisaris telah diatur dalam             The rights and authorities of the Board of Commissioners have
Pedoman dan Tata Tertib Kerja Dewan Komisaris. Adapun hak       been set out in the Guidelines and Working Code of the Board
dan wewenang Dewan Komisaris adalah sebagai berikut:            of Commissioners. The rights and authorities of the Board of
                                                                Commissioners are as follows:
1. Dewan Komisaris berwenang memberikan persetujuan             1. The Board of Commissioners has the authority to provide
   tertulis atas Keputusan Direksi untuk tindakan-tindakan          written approval for Decisions of Board of Directors for the
   sebagai berikut:                                                 following actions:
   a. Melepaskan atau menjual barang tidak bergerak                 a. Releasing or selling immovable property of the
       milik Perseroan yang melebihi jumlah tertentu yang                Company that exceeds a certain amount stipulated by
       ditetapkan oleh Dewan Komisaris.                                  the Board of Commissioners.
   b. Mengadakan kontrak manajemen yang berlaku untuk               b. Holding management contracts that are valid for more
       jangka waktu lebih dari 3 (tiga) tahun.                           than 3 (three) years.
   c. Menetapkan struktur organisasi 1 (satu) tingkat di            c. Establishing the organizational structure 1 (one) level
       bawah Direksi.                                                    below the Board of Directors.
   d. Perbuatan untuk mengalihkan termasuk menjual,                 d. Acts to transfer include selling, giving up the right to
       melepaskan hak untuk menagih dan/atau tidak menagih               collect and/or to not collect:
       lagi atas:
       - Piutang pokok yang telah hapus buku dalam rangka                -    Principal receivables which have been written off in
            penyelesaian kredit, baik untuk sebagian maupun                   the context of credit settlement, both in part and in
            keseluruhan.                                                      whole.
       - Selisih antara nilai pokok macet yang telah dihapus             - The difference between the default value that has
            buku dengan nilai pengalihan termasuk penjualan                   been deleted in the book and the value of the transfer
            atau dengan nilai pelepasan hak.                                  including sales or the value of the disposal of rights.
       Dilaksanakan berdasarkan kebijakan Direksi yang telah             Implemented based on the policies of the Board of
       disetujui Dewan Komisaris dan dalam jumlah plafon                 Directors that have been approved by the Board of
       (limit) hapus tagih yang telah ditetapkan RUPS yang               Commissioners and in the amount of the write-off
       akan tetap berlaku sampai dengan adanya penetapan                 limit set by the GMS that will remain valid until the
       plafon (limit) baru oleh RUPS.                                    establishment of a new limit by the GMS.
   e. Mendirikan anak perusahaan dan/atau perusahaan                e.   Establishing a subsidiary and/or joint venture company.
       patungan.
   f. Melakukan penyertaan modal pada perusahaan lain.              f.   Make equity participation in other companies.




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     g. Melepaskan penyertaan modal pada anak perusahaan                   g. Releasing equity participation in subsidiaries and/or
          dan/atau perusahaan patungan.                                       joint ventures.
     h. Melakukan penggabungan, pengambilalihan atau                       h. Carry out merger, acquisition or dissolution of
          pembubaran anak perusahaan dan/atau perusahaan                      subsidiaries and/or joint ventures.
          patungan.
     i. Persetujuan atas setiap Rencana Kerja dan Rencana                  i.   Approval of each Work Plan and Business Plan and any
          Bisnis dan setiap perubahan terhadap Rencana Kerja                    changes to the Work Plan and Business Plan.
          dan Rencana Bisnis.
     j. Menerbitkan obligasi atau surat utang lainnya.                     j.   Issue bonds or other debt securities.
     k. Perbuatan hukum untuk menjadikan jaminan hutang                    k.   Legal actions to make debt guarantees up to the
          sampai dengan nilai 50% (lima puluh persen) dari                      value of 50% (fifty percent) of the total net assets of
          jumlah kekayaan bersih Perseroan, baik dalam satu                     the Company, whether in one or more transactions,
          transaksi atau lebih, baik yang berkaitan satu sama lain              whether related to one another or not in one financial
          maupun tidak dalam satu tahun buku, diluar kegiatan                   year, outside of daily business activities of the Company.
          usaha sehari-hari Perseroan.
     l. Mengikat Perseroan sebagai penjamin (borg).                        l. Binding the Company as guarantor (borg).
     m. Mengadakan perjanjian dengan pihak ketiga dengan                   m. Establishing an agreement with a third party with a
          nilai kontrak lebih dari 25% (dua puluh lima persen) dari             contract value of more than 25% of the total capital of
          jumlah modal Perseroan.                                               the Company.
     n. Mengajukan gugatan perdata dan ikut serta dalam                    n. Submitting a civil suit and participating in the litigation
          proses litigasi ataupun melakukan proses arbitrase.                   process or conducting an arbitration process.
2.   Setiap Komisaris, baik secara bersama-sama maupun                2.   Each Commissioner, both jointly and individually in the
     sendiri-sendiri dalam jam kerja kantor Bank berhak                    working hours of the Bank office has the right to enter
     memasuki bangunan-bangunan dan halaman-halaman                        buildings and yards or other places that are used or
     atau tempat lainnya yang dipergunakan atau yang dikuasai              controlled by the Bank and have the right to examine
     oleh Bank dan berhak memeriksa buku-buku, surat-                      books, letters of evidence, inventory - goods, checking and
     surat bukti, persediaan barang-barang, memeriksa dan                  matching the conditions of cash for verification purposes
     mencocokkan keadaan uang kas untuk keperluan verifikasi               and other securities and knowing all actions taken by the
     dan lain-lain surat berharga serta mengetahui segala                  Board of Directors.
     tindakan yang telah dijalankan oleh Direksi.                     3.   Actions in the above matters must be carried out in the
3.   Tindakan dalam hal sebagaimana disebutkan di atas harus               capacity of the Board of Commissioners and must be
     dijalankan dalam kapasitas sebagai Dewan Komisaris dan                reported at the Board of Commissioners’ meeting regarding
     wajib dilaporkan dalam rapat Dewan Komisaris tentang                  these actions.
     tindakan-tindakan tersebut.                                      4.   If deemed necessary, the Board of Commissioners has the
4.   Jika dianggap perlu, Dewan Komisaris berhak meminta                   right to request assistance from experts in carrying out their
     bantuan tenaga ahli dalam melaksanakan tugasnya untuk                 duties for a limited period of time with the Bank’s expenses.
     jangka waktu terbatas dengan beban Bank.                         5.   Each Commissioner has the right to ask for an explanation
5.   Setiap Komisaris berhak meminta penjelasan tentang                    of all matters to the Board of Directors and to all the
     segala hal kepada Direksi maupun kepada seluruh jajaran               subordinates and the Board of Directors must provide an
     dibawahnya dan Direksi wajib memberikan penjelasan.                   explanation.
6.   Setiap Komisaris berhak untuk menghadiri rapat-rapat yang        6.   Each Commissioner has the right to attend meetings
     diselenggarakan oleh Direksi atau unit-unit di bawahnya               held by the Board of Directors or the units below without
     tanpa ikut memberikan keputusan.                                      participating in making a decision.
7.   Dewan Komisaris dengan suara terbanyak setiap waktu              7.   The Board of Commissioners with the most votes at any
     berhak memberhentikan untuk sementara waktu seorang                   time has the right to temporarily dismiss one or more
     atau lebih anggota Direksi, apabila mereka terbukti                   members of the Board of Directors, if they are proven to act
     bertindak bertentangan dengan Anggaran Dasar atau                     in contravention of the Articles of Association or are proven
     terbukti melalaikan kewajibannya atau terdapat alasan                 to have neglected their obligations or there are urgent
     mendesak bagi Bank.                                                   reasons for the Bank.
8.   Pemberhentian sementara tersebut harus diberitahukan             8.   The temporary termination must be notified in writing to
     secara tertulis kepada yang bersangkutan disertai alasan              the person concerned along with the reason that causes
     yang menyebabkan tindakan itu.                                        the action.
9.   Dalam waktu 30 (tiga puluh) hari setelah tanggal                 9.   Within 30 (thirty) days after the date of the temporary
     pemberhentian sementara itu, Dewan Komisaris                          termination, the Board of Commissioners is obliged to
     diwajibkan untuk menyelenggarakan RUPS yang akan                      hold a GMS which will decide whether the member of the




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   memutuskan apakah anggota Direksi yang bersangkutan             Board of Directors concerned will be terminated onward or
   akan diberhentikan seterusnya atau dikembalikan                 returned to his/her position, where the concerned is given
   kepada kedudukannya, dimana yang bersangkutan diberi            the opportunity to present himself/herself in defense.
   kesempatan untuk hadir membela diri.


Masa Jabatan Dewan Komisaris                                   The Position of the Board of Commissioners

Para anggota Dewan Komisaris diangkat untuk jangka waktu       Members of the Board of Commissioners are appointed for the
terhitung sejak ditutupnya RUPS yang mengangkatnya atau        period of the GMS that appoints the members or otherwise
ditetapkan lain oleh RUPS dan berakhir pada penutupan RUPS     determined by the GMS and ended at the closing of the 3rd
Tahunan yang ke 3 (tiga) sejak pengangkatannya, dengan         (three) Annual GMS since their appointment, without reducing
tidak mengurangi hak dari RUPS untuk sewaktu waktu dapat       the right of the GMS to at any time be able to dismiss members
memberhentikan para anggota Dewan Komisaris sebelum            of the Board of Commissioners before their term of office ends
masa jabatannya berakhir dengan menyebutkan alasannya.         by stating the reason. Such termination is effective from the
Pemberhentian demikian berlaku sejak penutupan RUPS            closing of the GMS, unless otherwise determined by the GMS.
tersebut, kecuali apabila ditentukan lain oleh RUPS. Setelah   After the term of office has expired, the member of the Board
masa jabatannya berakhir anggota Dewan Komisaris tersebut      of Commissioners can be reappointed for one term of office,
dapat diangkat kembali untuk satu kali masa jabatan, kecuali   unless otherwise determined by the GMS.
apabila ditentukan lain oleh RUPS.


Kriteria Anggota Dewan Komisaris                               Criteria of the Board of Commissioners

Kriteria bagi anggota Dewan Komisaris Bank Mandiri Taspen      Bank Mandiri Taspen has compiled criteria for members of the
mengacu pada beberapa regulasi yaitu Undang-Undang             Board of Commissioners based on several regulations such as
Perusahaan Terbatas No. 40 tahun 2007 tentang Perseroan        Limited Liability Company Law No. 40 of 2007 concerning Limited
Terbatas, POJK No. 17 Tahun 2023 tentang Penerapan Tata        Liability Companies, OJK Regulation No. 55/POJK.03/2016
Kelola bagi Bank Umum dan SEOJK No. 14/SEOJK.03/2025           concerning Implementation of Governance for Commercial Banks
tanggal 24 Juni 2025 perihal Penerapan Tata Kelola bagi        and OJK Circular Letter No. 14/SEOJK.03/2025 dated June 24,
Bank Umum. Seorang yang akan diangkat menjadi anggota          2025 concerning Implementation of Governance for Commercial
Dewan Komisaris berkewarganegaraan Indonesia serta             Banks. A person who will be appointed as a member of the Board
harus telah mendapatkan predikat lulus uji kemampuan dan       of Commissioners of the Company is a citizen of the Republic of
kepatutan dari OJK. Pengangkatan anggota Dewan Komisaris       Indonesia and must have received the title of passing the fit and
dengan memperhatikan rekomendasi Komite Remunerasi dan         proper test from the Financial Services Authority. Appointment
Nominasi dengan mempertimbangkan integritas, kompetensi,       of members of the Board of Commissioners takes into account
profesionalisme, dan reputasi keuangan.                        the recommendations of the Remuneration and Nomination
                                                               Committee by considering integrity, competence, professionalism
                                                               and financial reputation.


Dalam rangka memenuhi integritas, seorang calon anggota        In order to fulfill integrity, a candidate member of the Board of
Dewan Komisaris wajib memiliki:                                Commissioners must have:
1. Akhlak dan moral yang baik.                                 1. Good behavior and morals.
2. Komitmen untuk mematuhi peraturan perundang-                2. Commitment to comply with applicable laws and
    undangan yang berlaku.                                         regulations.
3. Komitmen yang tinggi terhadap supervisi dan operasional     3. High commitment to sound supervision and operations of
    Bank yang sehat.                                               the Bank, and
4. Tidak termasuk dalam daftar yang tidak lulus.               4. Not included in the list of non-graduates.


Dari segi kompetensi, seorang calon anggota Dewan Komisaris    In terms of competence, a candidate member of the Board of
wajib memiliki:                                                Commissioners must have:
1. Pengetahuan yang memadai di bidang perbankan dan            1. Adequate knowledge in the banking sector and relevant to
    relevan dengan jabatannya.                                     their position.
2. Pengalaman dan keahlian di bidang perbankan dan/atau        2. Experience and expertise in banking and/or finance, and
    bidang keuangan.
3. Kemampuan untuk melakukan pengelolaan strategis dalam       3. Ability to carry out strategic management in the framework
    rangka pengembangan Bank yang sehat.                          of developing a sound Bank.




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                                                                                                       PT Bank Mandiri Taspen




Selain itu, seorang calon anggota Dewan Komisaris juga harus   In addition, a candidate member of the Board of Commissioners
memenuhi persyaratan sebagai berikut:                          must also meet the following requirements:
1. Cakap melakukan perbuatan hukum.                            1. Able to do legal actions.
2. Tidak pernah dinyatakan pailit dan tidak pernah menjadi     2. Never been declared bankrupt and have never been a
    Komisaris atau Direksi yang dinyatakan bersalah                Commissioner or Board of Directors who were found guilty
    menyebabkan suatu Perseroan dinyatakan pailit                  of causing a Company to be declared bankrupt based on
    berdasarkan ketetapan pengadilan dalam waktu 5 (lima)          the provisions of the court within the last 5 (five) years prior
    tahun terakhir sebelum tanggal pengajuan permohonan.           to the date of filing the application.
3. Tidak pernah melakukan tindakan tercela di bidang           3. Never commit disgraceful actions in the banking, financial,
    perbankan, keuangan, dan usaha lainnya, tidak pernah           and other businesses, have never been convicted of a
    dihukum karena terbukti melakukan tindak pidana                criminal offense, and are not in the period of imposition
    kejahatan, dan tidak sedang dalam masa pengenaan sanksi        of sanctions to be prohibited from being a management
    untuk dilarang menjadi pengurus Bank dan/atau BPR              of the Bank and/ or BPR as stipulated in the provisions on
    sebagaimana diatur dalam ketentuan penilaian kemampuan         ability assessment of fit and proper test determined by the
    dan kepatutan (fit and proper test) yang ditetapkan oleh       Financial Services Authority.
    Otoritas Jasa Keuangan.
4. Tidak merangkap jabatan sebagai anggota Dewan               4. Do not hold concurrent positions as a member of the Board
    Komisaris, Direksi atau Pejabat Eksekutif pada lembaga        of Commissioners, Directors or Executive Officers in other
    perbankan, perusahaan atau Lembaga lain melebihi yang         banking institutions, companies or institutions that exceed
    diperkenankan dalam ketentuan yang berlaku.                   those permitted in the applicable provisions, and
5. Tidak memiliki saham melebihi 25% (dua puluh lima           5. Do not have shares in excess of 25% of paid up capital in
    persen) dari modal disetor pada suatu perusahaan lain         another company individually or together.
    secara sendiri-sendiri atau bersama-sama.


Pedoman dan Tata Tertib Kerja Dewan                            Guidelines and Working Code
Komisaris                                                      of the Board of Commissioners

Dalam menjalankan tugas dan tanggung jawabnya Dewan            In carrying out its duties and responsibilities, the Board of
Komisaris mengacu pada Pedoman dan Tata Tertib Dewan           Commissioners referred to the Board of Commissioners
Komisaris berdasarkan Penyempurnaan Pedoman dan Tata           Guidelines and Code of Conduct based on the Improvement
Tertib Kerja Dewan Komisaris Nomor KEP.DEKOM/003/X/2025        of the Guidelines and Work Regulations of the Board of
tanggal 21 Oktober 2025. Adapun Pedoman dan Tata Tertib        Commissioners Number KEP.DEKOM/003/X/2025 dated
Kerja Dewan Komisaris mengatur mengenai hal-hal sebagai        October 21, 2025.. The Board of Commissioners’ Work
berikut:                                                       Guidelines and Regulations are reviewed periodically. The
                                                               Charter of the Board of Commissioners regulated the following
                                                               matters:
BAB I : Ketentuan Umum                                         CHAPTER I      : General Provisions
BAB II : Tugas, Kewajiban, Hak, dan Wewenang Dewan             CHAPTER II : Duties, Obligations, Rights and Authorities of
		Komisaris                                                    		 the Board of Commissioners
BAB III : Lembaga Penunjang                                    CHAPTER III : Supporting Institutions
BAB IV : Rapat Dewan Komisaris                                 CHAPTER IV : Meeting of Board of Commissioners
BAB V : Pembagian Tugas                                        CHAPTER V : Division of tasks
BAB VI : Perubahan                                             CHAPTER VI : Amendment
BAB VII : Lain-lain                                            CHAPTER VII : Miscellaneous


Pembidangan Tugas Pengawasan                                   Board of Commissioners’ Supervision Duties
Dewan Komisaris

Adapun pembidangan tugas pengawasan Dewan Komisaris            The supervisory duties of the Board of Commissioners are as
sebagai berikut.                                               follows.




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Tabel Pembidangan Tugas Dewan Komisaris
Table of Duties of the Board of Commissioners

           Nama                           Jabatan
                                                                                  Bidang Tugas                                                 Task Fiel
           Name                           Position

 Junaidi Hisom**                 Komisaris Utama                 •   Melaksanakan fungsi pengawasan                      •    Performed supervisory functions in
                                 Independen                          sesuai dengan ketentuan perundang-                       accordance with applicable laws and
                                 Independent President               undangan dan Anggaran Dasar                              regulations and the Company’s Articles of
                                 Commissioner                        Perseroan.                                               Association.
                                                                 •   Memimpin dan mengoordinasikan                       •    Led and coordinated the Board of
                                                                     Dewan Komisaris.                                         Commissioners.
                                                                 •   Menjabat sebagai Ketua merangkap                    •    Served as Chairperson concurrently
                                                                     Anggota Komite Remunerasi dan                            as Member of the Remuneration and
                                                                     Nominasi.                                                Nomination Committee.

 Boedi Armanto                   Komisaris Independen            •   Melaksanakan fungsi pengawasan                      •    Performed supervisory functions in
                                 Independent                         sesuai dengan ketentuan perundang-                       accordance with applicable laws and
                                 Commissioner                        undangan dan Anggaran Dasar                              regulations and the Company’s Articles of
                                                                     Perseroan.                                               Association.
                                                                 •   Menjadi Anggota Komite Remunerasi                   •    Served as a Member of the Remuneration
                                                                     dan Nominasi.                                            and Nomination Committee.
                                                                                                                         •    Served as Chair of the Audit Committee
                                                                 •   Menjadi Ketua Komite Audit dan Ketua                     and Chair of the Risk Monitoring
                                                                     Komite Pemantau Risiko                                   Committee.

 Suhajar Diantoro*               Komisaris                       Sedang dalam proses uji kemampuan dan                   Currently undergoing a fit and proper test
                                 Commissioner                    kepatutan di OJK sehingga belum dapat                   at the OJK and therefore unable to carry out
                                                                 melaksanakan tugas dan kewenangan                       duties and authorities as a member of the
                                                                 sebagai anggota Dewan Komisaris                         Board of Commissioners

 Prasetio**                      Komisaris Independen            Melaksanakan fungsi pengawasan sesuai                   Performed supervisory functions in
                                 Independent                     dengan ketentuan perundang-undangan                     accordance with applicable laws and
                                 Commissioner                    dan Anggaran Dasar Perseroan.                           regulations and the Company’s Articles of
                                                                                                                         Association.

 Marjana***                      Komisaris Independen            Sedang dalam proses uji kemampuan dan                   Currently undergoing a fit and proper test
                                 Independent                     kepatutan di OJK sehingga belum dapat                   at the OJK and therefore unable to carry out
                                 Commissioner                    melaksanakan tugas dan kewenangan                       duties and authorities as a member of the
                                                                 sebagai anggota Dewan Komisaris                         Board of Commissioners

 Suwartini**                     Komisaris Independen            •   Melaksanakan tugas-tugas Komisaris                  •    Carry out the duties of a Commissioner
                                 Independent                         sesuai dengan Undang-Undang dan                          in accordance with the Law and the
                                 Commissioner                        Anggaran Dasar Perseroan                                 Company’s Articles of Association.
                                                                 •   Menjadi anggota Komite Audit                        •    Be a member of the Audit Committee.

 Edi Eko Cahyono***              Komisaris                       Sedang dalam proses uji kemampuan dan                   Currently undergoing a fit and proper test
                                 Commissioner                    kepatutan di OJK sehingga belum dapat                   at the OJK and therefore unable to carry out
                                                                 melaksanakan tugas dan kewenangan                       duties and authorities as a member of the
                                                                 sebagai anggota Dewan Komisaris                         Board of Commissioners

 Mustaslimah****                 Komisaris Utama                 •   Melaksanakan fungsi pengawasan                      •    Performed supervisory functions in
                                 President                           sesuai dengan ketentuan perundang-                       accordance with applicable laws and
                                 Commissioner                        undangan dan Anggaran Dasar                              regulations and the Company’s Articles of
                                                                     Perseroan                                                Association.
                                                                 •   Memimpin dan mengoordinasikan                       •    Led and coordinated the Board of
                                                                     Dewan Komisaris                                          Commissioners.
                                                                 •   Menjadi anggota Komite Remunerasi                   •    Served as a Member of the Remuneration
                                                                     dan Nominasi                                             and Nomination Committee.

 Hendrika Nora Osloi             Komisaris                       •   Melaksanakan fungsi pengawasan                      •    Performed supervisory functions in
 Sinaga*****                     Commissioner                        sesuai dengan ketentuan perundang-                       accordance with applicable laws and
                                                                     undangan dan Anggaran Dasar                              regulations and the Company’s Articles of
                                                                     Perseroan                                                Association.
                                                                 •   Menjadi anggota Komite Remunerasi                   •    Served as a Member of the Remuneration
                                                                     dan Nominasi                                             and Nomination Committee.

Keterangan / Note:
*)     Dialihkan tugas dari Komisaris Independen menjadi Komisaris Non Independen yang ditetapkan berdasarkan Keputusan Sirkuler Pemegang Saham tertanggal 27 Juni 2024
       dan efektif menjabat setelah lulus fit & proper oleh Otoritas Jasa Keuangan / Appointed based on the Shareholders’ Resolution dated June 27, 2023 and effective upon passing
       the Fit and Proper Test conducted by Otoritas Jasa Keuangan.
**)    Telah diangkat berdasarkan Keputusan Sirkuler Pemegang Saham tanggal 4 Desember 2025 dan telah lulus Penilaian Kemampuan & Kepatutan oleh Otoritas Jasa Keuangan /
       Appointed based on the Shareholders’ Resolution dated December 4, 2025 and effective upon passing the Fit and Proper Test conducted by Otoritas Jasa Keuangan.
***) Telah diangkat berdasarkan Keputusan Sirkuler Pemegang Saham tanggal 4 Desember 2025 dan masih dalam proses Penilaian Kemampuan & Kepatutan oleh Otoritas Jasa
       Keuangan / Appointed based on the Shareholders’ Circular Decision dated December 4, 2025 and is still in the process of Fit & Proper Assessment by Otoritas Jasa Keuangan.
****) Telah diberhentikan berdasarkan Keputusan Sirkuler Pemegang Saham tanggal 04 Desember 2025 yang diaktakan dengan Akta Notaris Nomor 25 Tanggal 18 Desember
       2025 / Has been dismissed based on the Circular Decision of Shareholders dated December 4, 2025 which was notarized by Notarial Deed Number 25 dated December 18,
       2025
*****) Telah diberhentikan dengan hormat berdasarkan Keputusan Sirkuler Pemegang Saham tanggal 25 September 2025 yang diaktakan dengan Akta Notaris 25 September 2025 /
       Has been honorably dismissed based on the Circular Decision of Shareholders dated September 25, 2025 which was notarized by Notarial Deed of September 25, 2025.




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Kebijakan Rangkap Jabatan Dewan Komisaris                                                  Policy of Board of Commissioners’
                                                                                           Concurrent Positions

Anggota Dewan Komisaris di Bank Mandiri Taspen                                             Members of the Board of Commissioners at Bank Mandiri
diperkenankan untuk memiliki rangkap jabatan sepanjang                                     Taspen are permitted to have concurrent positions as long as
memenuhi ketentuan yang berlaku. Kebijakan rangkap jabatan di                              they meet the applicable provisions. The dual position policy
Bank Mandiri Taspen mengacu pada aturan mengenai rangkap                                   at Bank Mandiri Taspen refers to the rules regarding dual
jabatan Dewan Komisaris sesuai dengan Peraturan Otoritas                                   positions on the Board of Commissioners in accordance with
Jasa Keuangan Nomor 17 Tahun 2023 yang mensyaratkan                                        Financial Services Authority Regulation Number 17 of 2023
anggota Dewan Komisaris hanya dapat merangkap jabatan                                      which requires that members of the Board of Commissioners
sebagai anggota Dewan Komisaris, Direksi, atau pejabat                                     can only hold concurrent positions as members of the Board
eksekutif pada 1 (satu) lembaga/perusahaan bukan lembaga                                   of Commissioners, Directors or executive officers at 1 (one)
keuangan. Dewan Komisaris telah mengungkapkan jabatan                                      institution /company is not a financial institution. The Board of
rangkap yang dimilikinya, jabatan rangkap Dewan Komisaris                                  Commissioners has disclosed the dual positions it holds, the
dapat dilihat pada tabel di bawah ini.                                                     dual positions of the Board of Commissioners can be seen in
                                                                                           the table below.

Tabel Rangkap Jabatan Dewan Komisaris
Table of Concurrent positions of the Board of Commissioners

                                                                                           Jabatan pada Perusahaan/                    Nama Perusahaan/
                 Nama                                      Jabatan                               Instansi Lain                           Instansi Lain
                 Name                                      Position                            Position in Other                      Company Name/ Other
                                                                                              Companies/Agencies                           Institution


                                            Komisaris Utama Independen
 Junaidi Hisom**                            President Commissioner                     -                                          -
                                            Independent

                                            Komisaris Independen
 Boedi Armanto                                                                         -                                          -
                                            Independent Commissioner

                                            Komisaris                                                                             Badan Otoritas Pengelola Pantai
 Suhajar Diantoro*                                                                     Wakil Kepala II
                                            Commissioner                                                                          Utara Jawa

                                            Komisaris Independen
 Prasetio**                                                                            -                                          -
                                            Independent Commissioner

                                            Komisaris Independen
 Marjana***                                                                            -                                          -
                                            Independent Commissioner

                                            Komisaris Independen
 Suwartini**                                                                           -                                          -
                                            Independent Commissioner

                                                                                       Direktur Tanggung Jawab Sosial
                                            Komisaris                                  dan Lingkungan
 Edi Eko Cahyono***                                                                                                               Badan Pengaturan BUMN
                                            Commissioner                               Director of Social and
                                                                                       Environmental Responsibility

                                            Komisaris Utama
 Mustaslimah****                                                                       -                                          -
                                            President Commissioner

                                            Komisaris                                  SVP Business Performance &
 Hendrika Nora Osloi Sinaga*****                                                                                                  Danantara Asset Management
                                            Commissioner                               Asset

Keterangan / Note:
*)     Dialihkan tugas dari Komisaris Independen menjadi Komisaris Non Independen yang ditetapkan berdasarkan Keputusan Sirkuler Pemegang Saham tertanggal 27 Juni
       2024 dan efektif menjabat setelah lulus fit & proper oleh Otoritas Jasa Keuangan / Appointed based on the Shareholders’ Resolution dated June 27, 2023 and effective
       upon passing the Fit and Proper Test conducted by Otoritas Jasa Keuangan.
**)    Telah diangkat berdasarkan Keputusan Sirkuler Pemegang Saham tanggal 4 Desember 2025 dan telah lulus Penilaian Kemampuan & Kepatutan oleh Otoritas Jasa Keuangan /
       Appointed based on the Shareholders’ Resolution dated December 4, 2025 and effective upon passing the Fit and Proper Test conducted by Otoritas Jasa Keuangan.
***) Telah diangkat berdasarkan Keputusan Sirkuler Pemegang Saham tanggal 4 Desember 2025 dan masih dalam proses Penilaian Kemampuan & Kepatutan oleh Otoritas
       Jasa Keuangan / Appointed based on the Shareholders’ Circular Decision dated December 4, 2025 and is still in the process of Fit & Proper Assessment by Otoritas Jasa
       Keuangan.
****) Telah diberhentikan berdasarkan Keputusan Sirkuler Pemegang Saham tanggal 04 Desember 2025 yang diaktakan dengan Akta Notaris Nomor 25 Tanggal 18 Desember
       2025 / Has been dismissed based on the Circular Decision of Shareholders dated December 4, 2025 which was notarized by Notarial Deed Number 25 dated December
       18, 2025
*****) Telah diberhentikan dengan hormat berdasarkan Keputusan Sirkuler Pemegang Saham tanggal 25 September 2025 yang diaktakan dengan Akta Notaris 25 September 2025 /
       Has been honorably dismissed based on the Circular Decision of Shareholders dated September 25, 2025 which was notarized by Notarial Deed of September 25, 2025.




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Pengelolaan Benturan Kepentingan                                   Board of Commissioners Management
Dewan Komisaris                                                    Conflict of Interest

1. Setiap Komisaris berkewajiban menjaga dan melindungi            1. Each Commissioner is obliged to safeguard and protect all
   segala informasi yang menjadi kerahasiaan Bank dan tidak           information that becomes the Bank’s confidentiality and
   mengungkapkannya kepada pihak ketiga tanpa kuasa dari              does not disclose it to third parties without authorization
   Dewan Komisaris, demikian pula hasil kebijakan/keputusan           from the Board of Commissioners, as well as the results
   rapat internal Dewan Komisaris dan Komlte di bawah                 of the Board of Commissioners internal policy/decision
   Dewan Komisaris dan hal-hal lain yang patut dirahasiakan           and Committee under the Board of Commissioners and
   berdasarkan peraturan perundang-undangan yang berlaku.             other matters that must be kept confidential under current
                                                                      regulation.
2. Selama belum ditetapkan sebagai informasi atau fakta            2. As long as it has not been determined as open information
   yang terbuka atau selama belum diumumkan oleh                      or facts or as long as it has not been announced by the
   Dewan Komisaris, semua pihak yang terlibat wajib untuk             Board of Commissioners, all parties involved were required
   merahasiakan informasi tersebut.                                   to keep the information confidential.
3. Setiap anggota Dewan Komisaris berkewajiban:                    3. Each member of the Board of Commissioners is obliged:
   a. Mengungkapkan         kepemilikan    sahamnya         yang      a. To disclose their share ownership reaching 5% (five
       mencapai 5% (lima persen) atau lebih, baik pada Bank               percent) or more, both at the relevant Bank and other
       yang bersangkutan maupun bank dan perusahaan lain                  banks and companies domiciled at home and abroad,
       yang berkedudukan di dalam dan di luar negeri, serta               as well as financial relations and family relationships
       hubungan keuangan serta hubungan keluarga dengan                   with other members of the Board of Commissioners,
       anggota Dewan Komisaris lainnya, anggota Direksi                   members of the Board of Directors and/or Bank
       dan/atau Pemegang Saham Pengendali Bank.                           Controlling Shareholders.
   b. Tidak memanfaatkan Bank untuk kepentingan                       b. Not to utilize the Bank for personal interests, including
       pribadinya, termasuk untuk kepentingan keluarga dan/               for the benefit of the family and/or other parties which
       atau pihak pihak lain yang merugikan atau mengurangi               harm or reduce the Bank’s profits.
       keuntungan Bank.
   c. Tidak mengambil dan/atau menerima keuntungan                     c. Not to take and/or receive personal benefits from the
       pribadi dari Bank selain remunerasi dan fasilitas lainnya          Bank other than the remuneration and other facilities
       yang ditetapkan RUPS sesuai dengan ketentuan yang                  stipulated by the GMS in accordance with the applicable
       berlaku.                                                           provisions.
   d. Mengungkapkan remunerasi dan fasilitas yang diterima             d. Disclose the remuneration and facilities received in the
       dalam Laporan Tata Kelola Perusahaan yang Baik                     Good Corporate Governance Report).
       (Good Corporate Governance).
4. Setiap Komisaris dilarang menggunakan informasi Bank            4. Every Board of Commissioners is prohibited from using
   untuk kepentingan pribadi yang dapat menimbulkan                   Bank information for personal interests which can cause
   benturan kepentingan baik secara langsung maupun tidak             conflicts of interest both directly and indirectly.
   langsung.
5. Setiap Komisaris dilarang terlibat dalam pengambilan            5. Every Board of Commissioners is being involved in
   keputusan kegiatan operasional atau melakukan intervensi           decision- making on operational activities or intervening
   terhadap transaksi-transaksi operasional perbankan                 in banking operational transactions based on current laws
   berdasarkan      peraturan     perundang-undangan         dan      and regulations.
   ketentuan yang berlaku.
6. Setiap Komisaris dilarang menjadi sponsor rekanan Bank,         6. Each Board of Commissioners is prohibited from becoming
   calon nasabah atau nasabah Bank yang dapat menimbulkan             a partner sponsor of the Bank, a prospective customer or a
   benturan kepentingan.                                              Bank customer that can cause a conflict of interest.
7. Setiap Komisaris dilarang merekomendasikan seseorang            7. Each Commissioner is prohibited from recommending
   untuk menjadi pejabat Bank, diluar ketentuan yang berlaku.         someone to become a Bank official, outside the applicable
                                                                      provisions.
8. Setiap Dewan Komisaris dilarang memanfaatkan Bank               8. Every Board of Commissioners is prohibited from utilizing
   untuk kepentingan pribadi, keluarga, perusahaan atau               the Bank for their personal, family, company or business
   kelompok usahanya dengan cara yang bertentangan                    group interests in a manner that is contrary to the laws and
   dengan peraturan perundang-undangan dan kewajaran                  regulations and arm’s length in the banking sector.
   dibidang perbankan.




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                                                                                                       PT Bank Mandiri Taspen




9. Pencatatan administrasi, dokumentasi dan pengungkapan         9. Administrative records, documentation and disclosure of
   benturan kepentingan dengan menuangkan dalam Surat               conflicts of interest by stating in the Annual Statement
   Pernyataan Tahunan.                                              Letter.


Komisaris Independen                                             Independent Commissioner

Berdasarkan komposisi Dewan Komisaris per 31 Desember            Based on the composition of the Board of Commissioners as of
2025, Bank Mandiri Taspen memiliki 7 (tujuh) orang anggota       December 31, 2025, Bank Mandiri Taspen had 7 (seven) members
Dewan Komisaris yang terdiri dari 1 (satu) orang Komisaris       of the Board of Commissioners, consisting of 1 (one) Independent
Utama Independen , 4 (empat) orang Komisaris Independen,         President Commissioner, 4 (four) Independent Commissioners,
dan 2 (dua) orang Komisaris non independen dengan 6              and 2 (two) Non-Independent Commissioners, with 6 (six)
(enam) orang Komisaris sedang dalam proses uji kemampuan         Commissioners undergoing the fit and proper test process.
dan kepatutan. Dengan demikian komposisi anggota                 Accordingly, the composition of Independent Commissioners had
Dewan Komisaris Independen telah memenuhi ketentuan              met the minimum independence requirement of 50% as stipulated
independensi Komisaris minimal 50% sebagaimana ditetapkan        under Otoritas Jasa Keuangan Regulation No. 33/POJK.04/2014
dalam ketentuan Peraturan Otoritas Jasa Keuangan Nomor 33/       dated December 8, 2014 concerning the Board of Directors and
POJK.04/2014 tanggal 8 Desember 2014 tentang Direksi dan         Board of Commissioners of Issuers or Public Companies, and
Dewan Komisaris Emiten atau Perusahaan Publik serta jumlah       the number of members of the Board of Commissioners did not
Anggota Dewan Komisaris tidak melebihi jumlah anggota            exceed the number of members of the Board of Directors.
Direksi.


Kriteria Penentuan Komisaris Independen                          Criteria for Determining an Independent
                                                                 Commissioner

Sebagaimana disebutkan dalam Pasal 1 angka 4 Peraturan           As mentioned in Article 1 number 4 of OJK Regulation No. 33/
OJK No. 33/POJK.04/2014, Komisaris Independen adalah             POJK.04/2014, Independent Commissioner is a member of
anggota Dewan Komisaris yang berasal dari luar Emiten            the Board of Commissioners from outside the Issuer or Public
atau Perusahaan Publik dan memenuhi persyaratan sebagai          Company and meets the requirements as an Independent
Komisaris Independen sebagaimana dimaksud dalam Peraturan        Commissioner as referred to in the OJK Regulation. In the
OJK. Dalam pengangkatan Komisaris Independen, Bank Mandiri       appointment of an Independent Commissioner, Bank Mandiri
Taspen telah mempertimbangkan hal-hal sebagai berikut:           Taspen has considered the following:
1. Tidak memiliki hubungan keuangan, keluarga dengan             1. Has no financial, family relationships with fellow
    sesama anggota Komisaris, anggota Direksi, pemegang              Commissioners, members of the Board of Directors,
    saham, dan/atau hubungan lain yang dapat mempengaruhi            shareholders and or other relationships that may affect his
    kemampuannya untuk bertindak independen.                         or her ability to act independently.
2. Dewan Komisaris tidak merangkap jabatan sebagai               2. The Board of Commissioners does not hold concurrent
    Komisaris, Direksi, atau pejabat eksekutif pada Bank (Bank       positions as Commissioners, Directors or executive officers
    Umum, BPR) dan lembaga keuangan lainnya.                         of Banks (Commercial Banks, BPR) and other financial
                                                                     institutions.
3. Telah lulus Penilaian Kemampuan dan Kepatutan (Fit and        3. Has passed the Fit and Proper Test in accordance with
   Proper Test) sesuai dengan ketentuan Bank Indonesia               Bank Indonesia’s fit and proper test).
   tentang Penilaian dan Kemampuan dan Kepatutan (Fit and
   Proper Test).
4. Dipilih dan diangkat dalam Rapat Umum Pemegang Saham          4. Chosen and appointed at the General Meeting of
   melalui rekomendasi Komite Remunerasi dan Nominasi.              Shareholders through the recommendations of the
                                                                    Remuneration and Nomination Committee.
5. Dalam waktu 5 (lima) tahun sebelum pengangkatannya            5. Within 5 (five) years prior to his/her appointment, he/she
   tidak pernah dinyatakan pailit, menjadi anggota Direksi          was never declared bankrupt, becoming a member of the
   atau anggota Dewan Komisaris yang dinyatakan bersalah            Board of Directors or the Board of Commissioners who
   menyebabkan Perseroan dinyatakan pailit.                         was found guilty of causing the Company to be declared as
                                                                    bankrupt.




2025 Annual Report                                                                                                     537
Page 538
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Corporate Governance




Pernyataan Komisaris Independen                               Pernyataan Komisaris Independen




Rapat Dewan Komisaris                                         Board of Commissioners Meeting

Kebijakan Rapat                                               Meeting Policy

Sesuai dengan ketentuan Pedoman dan Tata Tertib Kerja         In accordance with the provisions of the Guidelines and
Dewan Komisaris, Rapat Dewan Komisaris terdiri dari 2 (dua)   Working Code of the Board of Commissioners, the Meeting of
jenis, yaitu:                                                 the Board of Commissioners consists of 2 (two) types, namely:
a. Rapat Dewan Komisaris yang diadakan sekurang-              a. The Board of Commissioners’ meeting which is held at least
    kurangnya 1 (satu) kali dalam 1 (satu) bulan.                 1 (one) time in 1 (one) month.
b. Rapat Gabungan Dewan Komisaris dan Direksi yang diadakan   b. Joint Meeting of the Board of Commissioners and Board of
    sekurang-kurangnya 1 (satu) kali dalam 4 (empat) bulan.       Directors held at least 1 (one) time in 4 (four) months.




    538                                                                                               Laporan Tahunan 2025
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                                                                                                              PT Bank Mandiri Taspen




Pelaksanaan Rapat Dewan Komisaris harus sejalan dengan               The meeting of the Board of Commissioners had to be in line
Anggaran Dasar Bank dan peraturan perundang-undangan                 with the Articles of Association of the Bank and the prevailing
yang berlaku. Pemanggilan rapat dilakukan oleh Komisaris             laws and regulations. The invitation to the meeting was made
Utama. Dalam hal Komisaris Utama berhalangan, maka                   by the President Commissioner. In the event that the President
pemanggilan Rapat dapat dilakukan oleh anggota Dewan                 Commissioner was absent, the invitations for the Meeting might
Komisaris lainnya yang ditunjuk oleh Komisaris Utama. Bahan          be made by another member of the Board of Commissioners who
rapat dikirim secara tertulis paling lambat 3 (tiga) hari kalender   was appointed by the President Commissioner. Meeting materials
sebelum pelaksanaan Rapat, atau 1 (satu) hari kalender               were sent in writing no later than 3 (three) calendar days prior to
sebelum pelaksanaan Rapat bila penyelenggaraan Rapat                 the implementation of the Meeting, or 1 (one) calendar day before
bersifat mendesak yang ditetapkan oleh Komisaris Utama.              the implementation of the Meeting if the meeting was urgent as
                                                                     determined by the President Commissioner.


Rapat Dewan Komisaris sebagaimana tersebut di atas adalah            The Board of Commissioners’ meeting as mentioned above is
sah dan berhak mengambil keputusan-keputusan yang                    valid and entitled to make binding decisions if attended by more
mengikat apabila dihadiri oleh lebih dari 1/2 (satu per dua)         than 1/2 (one-half) of the total number of Commissioners asl
bagian dari jumlah seluruh Komisaris, dengan catatan risalah         long as the minutes of meeting signed by all Commissioners.
rapat ditandatangani oleh seluruh Komisaris. Seorang Komisaris       A Commissioner may only be represented in a meeting by
dapat diwakili dalam rapat hanya oleh seorang Komisaris              another Commissioner based on written authorization granted
lainnya berdasarkan kuasa tertulis yang diberikan khusus untuk       specifically for that purpose. The written outhorization of the
keperluan itu. Kuasa tertulis Komisaris yang tidak hadir kepada      Commissioner who is not present to another Commissioner shall
Komisaris lainnya diperhitungkan sebagai kehadiran. Seorang          be counted as attendance. A Commissioner may only receive
Komisaris hanya boleh menerima kuasa dari 1 (satu) orang             authorization or power from 1 (one) other Commissioner.
Komisaris lainnya.


Bahan rapat Dewan Komisaris dibuat secara tertulis dan ringkas       Materials for the Board of Commissioners’ meeting are made
oleh pejabat yang akan melakukan presentasi dan berisi data          in writing and concise by officials who will make presentation
serta informasi sesuai dengan materi yang akan dibahas dalam         and contain data and information in accordance with the
rapat. Untuk hal yang bersifat sensitif dan/atau mendesak            materials to be discussed during the meeting. For sensitive and/
dimungkinkan bahan rapat tidak dapat dibuat secara tertulis.         or urgent matters, it is allowed to make meeting materials not
Bahan rapat Dewan Komisaris didistribusikan sebelumnya               in writing. Materials of the Board of Commissioners’ meeting
kepada seluruh peserta rapat, kecuali dalam keadaan mendesak         are distributed to all meeting participants before the meeting,
bahan rapat disampaikan pada saat dilaksanakannya rapat.             except in the case of urgent conditions, meeting materials are
                                                                     distributed at the time of the meeting.

Keputusan rapat Dewan Komisaris diambil secara musyawarah            Decisions of the meeting of the Board of Commissioners were
dan mufakat dari para peserta yang hadir. Dalam hal                  taken by deliberation and consensus from the attendees.
musyawarah dan mufakat tidak dapat dilaksanakan, maka                In the event that deliberation and consensus could not be
keputusan diambil dengan suara terbanyak (voting). Apabila           implemented, a decision shall be made by means of a majority
jumlah suara yang setuju dan tidak setuju sama banyaknya,            vote (voting). If the number of votes agreeing and disagreeing
maka keputusan ditunda untuk dikaji masalahnya lebih                 was the same, then the decision would be postponed to study
mendalam.                                                            the problem more deeply.


Rencana Rapat Internal Dewan Komisaris                               Board of Commissioners Internal Meeting Plan

Rencana rapat Dewan Komisaris diadakan sekurang-kurangnya            Plans for meetings of the Board of Commissioners to be held at
1 (satu) kali dalam 1 (satu) bulan dengan membahas hasil             least 1 (one) time in 2 (two) month to discuss the results of reports
laporan dari Komite di bawah Dewan Komisaris.                        from the Committees under the Board of Commissioners.


Rapat Internal Dewan Komisaris                                       Internal Meeting of the Board of Commissioners

Sepanjang tahun 2025, agenda, tanggal dan peserta rapat              Throughout 2025, the agenda, date and participants of the
Dewan Komisaris adalah sebagai berikut.                              Board of Commissioners Meeting are as follows.




2025 Annual Report                                                                                                             539
Page 540
Corporate Governance
Corporate Governance




Tabel Rapat Dewan Komisaris
Table of Board of Commissioners Meeting

            Tanggal
 No                                 Agenda                               Agenda                       Peserta Rapat         Kehadiran
             Date

  1    20 Januari       •   Laporan Komite Audit           •   Audit Committee Report              Mustaslimah            Hadir / Present
       2025             •   Laporan Komite Pemantau        •   Risk Monitoring Committee
       January 20,          Risiko                             Report                              Hendrika Nora Osloi    Hadir / Present
       2025             •   Lain-lain                      •   Others                              Sinaga

                                                                                                   Boedi Armanto          Hadir / Present

  2    06 Februari      •   Usulan Jangka Waktu Kerja      •   Proposed six-year cooperation       Mustaslimah            Hadir / Present
       2025                 Sama selama 6 (enam) Tahun         period for the procurement of a
       February 6,          untuk Pengadaan Lembaga            rating agency.                      Hendrika Nora Osloi    Hadir / Present
       2025                 Pemeringkat.                   •   Approval of the Bank Business       Sinaga
                        •   Persetujuan Laporan                Plan Supervision Report for
                            Pengawasan Rencana Bisnis          Semester II 2024.                   Boedi Armanto          Hadir / Present
                            Bank Semester II 2024.         •   Miscellaneous.
                        •   Lain-lain.

  3    28 Februari      •   Laporan Komite Audit           •    Audit Committee Report             Mustaslimah            Hadir / Present
       2025                 Mengundang Divisi SPM &             Inviting the SPM & Accounting
       February 28,         Accounting                          Division                           Hendrika Nora Osloi    Hadir / Present
       2025             •   Laporan Komite Pemantau        •​​	 Risk Monitoring Committee          Sinaga
                            Risiko Mengundang Divisi            Report Inviting the Compliance
                            Compliance                          Division                           Boedi Armanto          Hadir / Present
                        •   Laporan Komite Pemantau        •​​	 Risk Monitoring Committee
                            Risiko Mengundang Divisi            Report Inviting the Funding &
                            Funding & Investment Product        Investment Product Division
                            dan Divisi Distribution &           and the Distribution & Portfolio
                            Portfolio Management                Management Division
                        •   Laporan Komite Pemantau        •	​​Risk Monitoring Committee
                            Risiko                              Report
                        •   Laporan Komite Audit           • Audit Committee Report
                        •   Lain-lain                      • Others

  4    20 Maret 2025    •   Laporan Komite Audit           •   Audit Committee Report              Mustaslimah            Hadir / Present
       March 20,            mengundang Divisi Consumer         inviting the Consumer Business
       2025                 Business & Recovery                & Recovery Division
                        •   Laporan Komite Audit           •	​​Audit Committee Report              Hendrika Nora Osloi    Hadir / Present
                        •   Laporan Komite Pemantau        • Risk Monitoring Committee             Sinaga
                            Risiko                             Report
                        •   Laporan Komite Remunerasi      • Remuneration and Nomination           Boedi Armanto          Hadir / Present
                            dan Nominasi                       Committee Report

  5    29 April 2025    •   Laporan Komite Audit           •   Audit Committee Report              Mustaslimah            Hadir / Present
       April 29, 2025   •   Laporan Komite Pemantau        •   Risk Monitoring Committee
                            Risiko                             Report                              Hendrika Nora Osloi    Hadir / Present
                        •   Lain-lain                      •   Others                              Sinaga

                                                                                                   Boedi Armanto          Hadir / Present

  6    26 Mei 2025      •   Laporan Komite Audit           •   Audit Committee Report              Mustaslimah            Hadir / Present
       May 26, 2025     •   Laporan Komite Pemantau        •   Risk Monitoring Committee
                            Risiko                             Report                              Hendrika Nora Osloi    Hadir / Present
                                                                                                   Sinaga

                                                                                                   Boedi Armanto          Hadir / Present

  7    16 Juni 2025     •   Laporan Komite Audit           •   Audit Committee Report              Mustaslimah            Hadir / Present
       June 16, 2025    •   Laporan Komite Pemantau        •   Risk Monitoring Committee
                            Risiko                             Report                              Hendrika Nora Osloi    Hadir / Present
                        •   Kunjungan Cabang               •   Branch Visit                        Sinaga

                                                                                                   Boedi Armanto          Hadir / Present

  8    30 Juni 2025     •   Laporan Komite Remunerasi      •   Remuneration and Nomination         Mustaslimah            Hadir / Present
       June 30, 2025        dan Nominasi                       Committee Report
                        •   Tanggapan atas Permohonan      •   Response to the President           Hendrika Nora Osloi    Hadir / Present
                            Pengunduran Diri Direktur          Director’s Resignation Request      Sinaga
                            Utama                          •   Appointment of Acting
                        •   Penunjukan Pelaksana Tugas         President Director                  Boedi Armanto          Hadir / Present
                            (Plt.) Direktur Utama




      540                                                                                                            Laporan Tahunan 2025
Page 541
                                                                                                        PT Bank Mandiri Taspen




         Tanggal
 No                                Agenda                          Agenda                    Peserta Rapat         Kehadiran
          Date

  9    22 Juli 2025    •   Laporan Komite Audit        •   Audit Committee Report         Mustaslimah             Hadir / Present
       July 22, 2025   •   Laporan Komite Pemantau     •   Risk Monitoring Committee
                           Risiko                          Report                         Hendrika Nora Osloi     Hadir / Present
                       •   Laporan Divisi Netword      •   Network Development Division   Sinaga
                           Development                     Report
                       •   Lain-lain                   •   Others                         Boedi Armanto           Hadir / Present

 10    19 dan 20       •   Laporan Komite Remunerasi   •   Remuneration and Nomination    Mustaslimah             Hadir / Present
       Agustus 2025        dan Nominasi                    Committee Report
       August 19 and   •   Laporan Komite Audit        •   Audit Committee Report
       20, 2025        •   Laporan Komite Pemantau     •   Risk Monitoring Committee      Hendrika Nora Osloi     Hadir / Present
                           Risiko Mengundang Divisi        Report with the Compliance     Sinaga
                           Compliance                      Division invited
                       •   Laporan Komite Pemantau     •   Risk Monitoring Committee
                           Risiko                          Report                         Boedi Armanto           Hadir / Present
                       •   Lain-lain                   •   Others

 11    22 September    •   Agenda Rapat Komite Audit   •   Audit Committee Meeting        Mustaslimah             Hadir / Present
       2025            •   Agenda Rapat Komite             Agenda
       September 22,       Pemantau Risiko             •   Risk Monitoring Committee      Hendrika Nora Osloi     Hadir / Present
       2025            •   Agenda Rapat Komite             Meeting Agenda                 Sinaga
                           Remunerasi dan Nominasi     •   Remuneration and Nomination
                                                           Committee Meeting Agenda       Boedi Armanto           Hadir / Present

 12    21 Oktober      •   Laporan Komite Audit        •   Audit Committee Report         Mustaslimah             Hadir / Present
       2025            •   Laporan Komite Pemantau     •   Risk Monitoring Committee
       October 21,         Risiko                          Report
       2025            •   Lain-lain                   •   Others                         Boedi Armanto           Hadir / Present


 13    24 November     •   Laporan Komite Audit        •   Audit Committee Report         Mustaslimah             Hadir / Present
       2025            •   Laporan Komite Pemantau     •   Risk Monitoring Committee
       November 24,        Risiko                          Report
       2025            •   Laporan Komite Pemantau     •   Risk Monitoring Committee
                           Risiko Mengundang IT            Report with the IT Division    Boedi Armanto           Hadir / Present
                       •   Laporan Komite Remunerasi       invited
                           dan Nominasi                •   Remuneration and Nomination
                                                           Committee Report

 14    22 Desember     •   Laporan Komite Remunerasi   •   Remuneration and Nomination    Boedi Armanto           Hadir / Present
       2025                dan Nominasi                    Committee Report
       December 22,    •   Laporan Komite Audit        •   Audit Committee Report
       2025            •   Laporan Komite Pemantau     •   Risk Monitoring Committee
                           Risiko                          Report
                       •   Lain-lain                   •   Others



Rencana Rapat Gabungan Dewan Komisaris Dengan                     Plans for Joint Meetings of the Board of
Direksi                                                           Commissioners with the Directors

Rapat Gabungan Dewan Komisaris mengundang Direksi                 Joint meetings of the Board of Commissioners inviting the
direncanakan sekurang-kurangnya 1 (satu) kali dalam 4             Directors are planned at least 1 (one) time in 4 (four) months.
(empat) bulan.


Rapat Gabungan Dewan Komisaris dengan Direksi                     Joint Meeting of the Board of Commissioners with the
                                                                  Board of Directors

Sepanjang tahun 2025, agenda, tanggal dan peserta Rapat           Throughout 2025, the agenda, date and participants of the
Gabungan Dewan Komisaris dengan Direksi adalah sebagai            Joint Meeting of the Board of Commissioners with the Board of
berikut.                                                          Directors are as follows.




2025 Annual Report                                                                                                     541
Page 542
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Corporate Governance




Tabel Rapat Gabungan Dewan Komisaris dengan Direksi
Table of Joint Meetings of the Board of Commissioners with the Board of Directors


                                                                                     Peserta Rapat
                                                                                                              Peserta Rapat (Direksi)
             Tanggal                                                              (Dewan Komisaris)
 No                                            Agenda                                                          Meeting Participants
              Date                                                                Meeting Participants
                                                                                                                (Board of Directors)
                                                                                (Board of Commissioners)


                           Penyampaian Laporan Insiden TI pada System                                        •   Elmamber Petamu
                           Pembayaran Gaji Pensiun (TASPEN) tanggal             •   Mustaslimah                  Sinaga
        06 Maret 2025      1 Maret 2025                                         •   Hendrika Nora Osloi      •   Maswar Purnama
  1.
        March 6, 2025      Submission of IT Incident Report on the Pension          Sinaga                   •   Widi Nugroho
                           Salary Payment System (TASPEN) dated March           •   Boedi Armanto            •   Putu Apriyanto
                           1, 2025                                                                           •   Resi Lora



                                                                                                             •   Elmamber Petamu
                                                                                •   Mustaslimah                  Sinaga
        29 April 2025      Pembahasan Monitoring Proyek Maestro                 •   Hendrika Nora Osloi      •   Maswar Purnama
  2.
        April 29, 2025     Maestro Project Monitoring Discussion                    Sinaga                   •   Widi Nugroho
                                                                                •   Boedi Armanto            •   Putu Arpiyanto
                                                                                                             •   Resi Lora


                           •   Kinerja Bank Posisi Mei 2025
                           •   Proyeksi Skenario Finansial
                           •   Strategi Pencapaian 2025                                                      •   Elmamber Petamu
                           •   Usulan Revisi Rencana Bisnis Bank (RBB)          •   Mustaslimah                  Sinaga
        17 Juni 2025           Tahun 2025                                       •   Hendrika Nora Osloi      •   Maswar Purnama
  3.
        June 17, 2025      •   Bank Performance as of May 2025                      Sinaga                   •   Widi Nugroho
                           •   Financial Scenario Projections                   •   Boedi Armanto            •   Putu Arpiyanto
                           •   2025 Achievement Strategy                                                     •   Resi Lora
                           •   Proposed Revision of the Bank’s Business
                               Plan (RBB) for 2025


                           •   Update Kinerja Bank Posisi Triwulan III 2025
                           •   Persetujuan Rencana Kerja dan Anggaran                                        •   Maswar Purnama
        20 Oktober 2025        Perusahaan 2026                                  •   Mustaslimah              •   Widi Nugroho
  4.
        October 20, 2025   •   Bank Performance Update for Q3 2025              •   Boedi Armanto            •   Putu Apriyanto
                           •   Approval of the 2026 Company Work Plan                                        •   Resi Lora
                               and Budget


                           •   Pembahasan Persetujuan Rencana Bisnis
                               Bank Tahun 2026–2028 dan RPIM Tahun
                               2025
                           •   Pembahasan Persetujuan Rencana Aksi
                               Keuangan Berkelanjutan Tahun 2026
        25 November                                                                                          •   Maswar Purnama
                           •   Pembahasan Persetujuan Corporate Plan
        2025                                                                    •   Mustaslimah              •   Widi Nugroho
  5.                           Tahun 2026 – 2030 PT Bank Mandiri Taspen
        November 25,                                                            •   Boedi Armanto            •   Putu Apriyanto
                           •   Discussion on Approval of the Bank’s
        2025                                                                                                 •   Resi Lora
                               2026–2028 Business Plan and 2025 RPIM
                           •   Discussion on Approval of the 2026
                               Sustainable Finance Action Plan
                           •   Discussion on Approval of the 2026–2030
                               Corporate Plan of PT Bank Mandiri Taspen



Frekuensi dan Kehadiran Rapat Dewan Komisaris                             Frequency and Attendance
                                                                          of Board of Commissioners’ Meetings

Selama tahun 2025, Dewan Komisaris telah melaksanakan                     During 2025, the Board of Commissioners held 14 (fourteen)
rapat internal sebanyak 14 (empat belas) kali dan rapat                   internal meetings and 5 (five) joint meetings between the Board
gabungan Dewan Komisaris bersama Direksi sebanyak 5 (lima)                of Commissioners and the Board of Directors. The frequency
kali. Adapun frekuensi dan kehadiran masing-masing anggota                and presence of each member of the Board of Commissioners
Dewan Komisaris adalah sebagai berikut.                                   is as follows.




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                                                                                                                                           PT Bank Mandiri Taspen




Tabel Frekuensi dan Kehadiran Rapat Dewan Komisaris
Table of Frequency and Attendance of Board of Commissioners Meetings


                                                                                                                       Rapat Gabungan Dewan Komisaris
                                                                                                                                dengan Direksis
                                                                  Rapat Dewan Komisaris
                                                                                                                          Joint Meeting of the Board of
                                                               Board of Commissioners Meeting
                                                                                                                        Commissioners and the Board of
                                                                                                                                   Directors

        Nama                        Jabatan
                                                            Jumlah dan Persentase Kehadiran                          Jumlah dan Persentase Kehadiran
        Name                        Position
                                                           Number and Percentage of Attendance                      Number and Percentage of Attendance

                                                            Jumlah              Jumlah                                Jumlah             Jumlah
                                                             Rapat            Kehadiran          Persentase            Rapat           Kehadiran          Persentase
                                                           Number of          Number of          Percentage          Number of         Number of          Percentage
                                                           Meetings           Attendance                             Meetings          Attendance

                           Komisaris Utama
                           Independen
 Junaidi Hisom**                                                  -                  -                  -                  -                  -                  -
                           Independent President
                           Commissioner

                           Komisaris Independen
 Boedi Armanto             Independent                           14                 14               100%                  5                  5               100%
                           Commissioner

                           Komisaris
 Suhajar Diantoro*                                                -                  -                  -                  -                  -                  -
                           Commissioner

                           Komisaris Independen
 Prasetio**                Independent                            -                  -                  -                  -                  -                  -
                           Commissioner

                           Komisaris Independen
 Marjana***                Independent                            -                  -                  -                  -                  -                  -
                           Commissioner

                           Komisaris Independen
 Suwartini**               Independent                            -                  -                  -                  -                  -                  -
                           Commissioner

 Edi Eko                   Komisaris
                                                                  -                  -                  -                  -                  -                  -
 Cahyono***                Commissioner

                           Komisaris Utama
 Mustaslimah****           President                             13                 13               100%                  5                  5               100%
                           Commissioner

 Hendrika Nora             Komisaris
                                                                 11                 11               100%                  3                  3               100%
 Osloi Sinaga*****         Commissioner

Keterangan / Note:
*)     Dialihkan tugas dari Komisaris Independen menjadi Komisaris Non Independen yang ditetapkan berdasarkan Keputusan Sirkuler Pemegang Saham tertanggal 27 Juni
       2024 dan efektif menjabat setelah lulus fit & proper oleh Otoritas Jasa Keuangan / Appointed based on the Shareholders’ Resolution dated June 27, 2023 and effective
       upon passing the Fit and Proper Test conducted by Otoritas Jasa Keuangan.
**)    Telah diangkat berdasarkan Keputusan Sirkuler Pemegang Saham tanggal 4 Desember 2025 dan telah lulus Penilaian Kemampuan & Kepatutan oleh Otoritas Jasa Keuangan /
       Appointed based on the Shareholders’ Resolution dated December 4, 2025 and effective upon passing the Fit and Proper Test conducted by Otoritas Jasa Keuangan.
***) Telah diangkat berdasarkan Keputusan Sirkuler Pemegang Saham tanggal 4 Desember 2025 dan masih dalam proses Penilaian Kemampuan & Kepatutan oleh Otoritas
       Jasa Keuangan / Appointed based on the Shareholders’ Circular Decision dated December 4, 2025 and is still in the process of Fit & Proper Assessment by Otoritas Jasa
       Keuangan.
****) Telah diberhentikan berdasarkan Keputusan Sirkuler Pemegang Saham tanggal 04 Desember 2025 yang diaktakan dengan Akta Notaris Nomor 25 Tanggal 18 Desember
       2025 / Has been dismissed based on the Circular Decision of Shareholders dated December 4, 2025 which was notarized by Notarial Deed Number 25 dated December
       18, 2025
*****) Telah diberhentikan dengan hormat berdasarkan Keputusan Sirkuler Pemegang Saham tanggal 25 September 2025 yang diaktakan dengan Akta Notaris 25 September 2025 /
       Has been honorably dismissed based on the Circular Decision of Shareholders dated September 25, 2025 which was notarized by Notarial Deed of September 25, 2025.




2025 Annual Report                                                                                                                                             543
Page 544
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Corporate Governance




Selama tahun 2025, Rapat Umum Pemegang Saham Tahunan                During 2025, the Annual and Extraordinary General Meetings
dan Luar Biasa dilakukan secara sirkuler, sehingga tidak            of Shareholders were conducted through circular resolutions;
terdapat informasi terkait kehadiran Dewan Komisaris dan            therefore, no information regarding the attendance of the Board
Direksi dalam RUPS selama tahun buku.                               of Commissioners and the Board of Directors at the GMS was
                                                                    available for the financial year.


Pelatihan dan/atau Peningkatan Kompetensi                           Training and/or Development of Board of
Anggota Dewan Komisaris                                             Commissioners’ Competence

Kebijakan Pelatihan dan/atau Peningkatan                            Training and/or Competency Improvement Policy
Kompetensi

Untuk meningkatkan kapasitas anggota Dewan Komsiaris,               To increase the capacity of members of the Board of
maka setiap anggota Dewan Komisaris berhak untuk                    Commissioners, each member of the Board of Commissioners
mendapatkan pendidikan berkelanjutan. Adapun pendidikan             has the right to receive continuing education. The continuing
berkelanjutan tersebut dituangkan dalam Rencana Program             education is stated in the Work Program Plan of the Board
Kerja Dewan Komisaris, dalam hal pendidikan berkelanjutan           of Commissioners, in the event that continuing education is
dilakukan di luar program kerja yang telah ditetapkan               carried out outside the work program that has been previously
sebelumnya, maka disampaikan dalam Rapat Dewan Komisaris            determined, it will be submitted at the Board of Commissioners
untuk mendapat persetujuan Rapat. Pendidikan berkelanjutan          Meeting to obtain the approval of the Meeting. The continuing
tersebut di atas diatur dalam Keputusan Dewan Komsiaris             education mentioned above is regulated in the Decree of the
tentang Penyempurnaan Pedoman dan Tata Tertib Kerja                 Board of Commissioners regarding the Completion of the
Dewan Komisaris Nomor KEP.DEKOM/003/X/2025 tanggal                  Guidelines and Work Order of the Board of Commissioners
21 Oktober 2025.                                                    Number KEP.DEKOM/003/X/2025 dated October 21, 2025.


Pelaksanaan Pelatihan dan/atau Peningkatan                          Implementation of Training and/or Competency
Kompetensi                                                          Improvement

Adapun pelatihan dan/atau peningkatan kompetensi anggota            The training and/or competency improvement of members of
Dewan Komisaris selama tahun 2025 adalah sebagai berikut.           the Board of Commissioners during 2025 is as follows.



                                                                                                 Waktu dan
                                                                                                   Tempat
                                            Jenis Pelatihan dan Materi Pengembangan
      Nama               Jabatan                                                                Pelaksanaan            Penyelenggara
                                                      Kompetensi /Pelatihan
      Name               Position                                                                 Time and               Organizer
                                           Competency Development Materials/Training
                                                                                                  Place of
                                                                                               Implementation

                   Komisaris Utama         Refreshment Sertifikasi Manajemen Risiko           Online, 09
                   Independen              Perbankan Kualifikasi 7                            Desember 2025
 Junaidi Hisom**                                                                                                      Peak Pratama
                   Independent President   Banking Risk Management Certification              Online, December
                   Commissioner            Refreshment Qualification 7                        09, 2025

                                           Peran GRC dalam Meningkatkan Kepercayaan           Online, 25 Februari
                                           Investor dan Stabilitas Sektor Keuangan            2025                    Otoritas Jasa
                                           The Role of GRC in Enhancing Investor Confidence   Online, February        Keuangan
                                           and Financial Sector Stability                     25, 2025

                                                                                              Online, 23 Mei 2025
                                           Risk Management Refresher Program
                                                                                              Online, May 23,         BARa
                                           Risk Management Refresher Program
                                                                                              2025

                   Komisaris Independen    Penguatan Operasional, Keamanan Transaksi, dan
 Boedi Armanto     Independent             Aktivasi Digital Banking melalui Perspektif IT &   Jakarta, 28 Mei
                   Commissioner            Operasional                                        2025                    Bank Mandiri
                                           Strengthening Operations, Transaction Security,    Jakarta, May 28,        Taspen
                                           and Digital Banking Activation through an IT &     2025
                                           Operational Perspective

                                                                                              Denpasar, 4-5
                                                                                              Desember 2025
                                           Risk Beyond 2025                                   Denpasar,               ERMA
                                                                                              December 4-5,
                                                                                              2025




    544                                                                                                             Laporan Tahunan 2025
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                                                                                                                                          PT Bank Mandiri Taspen




                                                                                                                               Waktu dan
                                                                                                                                 Tempat
                                                          Jenis Pelatihan dan Materi Pengembangan
        Nama                      Jabatan                                                                                     Pelaksanaan              Penyelenggara
                                                                    Kompetensi /Pelatihan
        Name                      Position                                                                                      Time and                 Organizer
                                                         Competency Development Materials/Training
                                                                                                                                Place of
                                                                                                                             Implementation

                                                                                                                         Online, 23 Mei 2025
                          Komisaris
 Suwartini**                                             Risk Management Refresher Program                               Online, May 23,           BARa
                          Commissioner
                                                                                                                         2025

                          Komisaris Independen
 Edi Eko
                          Independent                    -                                                               -                         -
 Cahyono***
                          Commissioner

                          Komisaris Independen
 Mustaslimah****          Independent                    -                                                               -                         -
                          Commissioner

                          Komisaris Independen
 Hendrika Nora
                          Independent                    -                                                               -                         -
 Osloi Sinaga*****
                          Commissioner

                          Komisaris
 Edi Eko Cahyono*                                        -                                                               -                         -
                          Commissioner

                          Komisaris Utama                                                                                Online, 23 Mei 2025
 Mustaslimah***           President                      Risk Management Refresher Program                               Online, May 23,           BARa
                          Commissioner                                                                                   2025

                                                         Penguatan Operasional, Keamanan Transaksi, dan
                                                         Aktivasi Digital Banking melalui Perspektif IT &                Jakarta, 28 Mei
                                                         Operasional                                                     2025                      Bank Mandiri
                                                         Strengthening Operations, Transaction Security,                 Jakarta, May 28,          Taspen
                                                         and Digital Banking Activation through an IT &                  2025
                                                         Operational Perspective

                                                                                                                         Denpasar, 4-5
                                                                                                                         Desember 2025
                                                         Risk Beyond 2025                                                Denpasar,                 ERMA
                                                                                                                         December 4-5,
                                                                                                                         2025

                                                                                                                         Online, 23 Mei 2025
                                                         Risk Management Refresher Program                                                         BARa
                                                                                                                         Online, 23 Mei 2025

                                                         Penguatan Operasional, Keamanan Transaksi, dan
 Hendrika Nora            Komisaris
                                                         Aktivasi Digital Banking melalui Perspektif IT &
 Osloi Sinaga****         Commissioner                                                                                   Jakarta,
                                                         Operasional                                                                               Bank Mandiri
                                                                                                                         28 Mei 2025
                                                         Strengthening Operations, Transaction Security,                                           Taspen
                                                                                                                         May 28, 2025
                                                         and Digital Banking Activation through an IT &
                                                         Operational Perspective

Keterangan / Note:
*)     Dialihkan tugas dari Komisaris Independen menjadi Komisaris Non Independen yang ditetapkan berdasarkan Keputusan Sirkuler Pemegang Saham tertanggal 27 Juni 2024
       dan efektif menjabat setelah lulus fit & proper oleh Otoritas Jasa Keuangan / Appointed based on the Shareholders’ Resolution dated June 27, 2023 and effective upon
       passing the Fit and Proper Test conducted by Otoritas Jasa Keuangan.
**)    Telah diangkat berdasarkan Keputusan Sirkuler Pemegang Saham tanggal 4 Desember 2025 dan telah lulus Penilaian Kemampuan & Kepatutan oleh Otoritas Jasa Keuangan /
       Appointed based on the Shareholders’ Resolution dated December 4, 2025 and effective upon passing the Fit and Proper Test conducted by Otoritas Jasa Keuangan.
***) Telah diangkat berdasarkan Keputusan Sirkuler Pemegang Saham tanggal 4 Desember 2025 dan masih dalam proses Penilaian Kemampuan & Kepatutan oleh Otoritas
       Jasa Keuangan / Appointed based on the Shareholders’ Circular Decision dated December 4, 2025 and is still in the process of Fit & Proper Assessment by Otoritas Jasa
       Keuangan.
****) Telah diberhentikan berdasarkan Keputusan Sirkuler Pemegang Saham tanggal 04 Desember 2025 yang diaktakan dengan Akta Notaris Nomor 25 Tanggal 18 Desember
       2025 / Has been dismissed based on the Circular Decision of Shareholders dated December 4, 2025 which was notarized by Notarial Deed Number 25 dated December
       18, 2025
*****) Telah diberhentikan dengan hormat berdasarkan Keputusan Sirkuler Pemegang Saham tanggal 25 September 2025 yang diaktakan dengan Akta Notaris 25 September 2025 /
       Has been honorably dismissed based on the Circular Decision of Shareholders dated September 25, 2025 which was notarized by Notarial Deed of September 25, 2025.




2025 Annual Report                                                                                                                                            545
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Corporate Governance




Program Orientasi Bagi Komisaris Baru                                 Orientation Program for New
                                                                      Board of Commissioners

Bank Mandiri Taspen telah memiliki ketentuan terkait program          Bank Mandiri Taspen already has provisions related to the
orientasi bagi Komisaris Baru yang mengacu pada kebijakan             orientation program for New Commissioners which refers to
induk. Berdasarkan kebijakan induk tersebut, program orientasi        the main policy. Based on the master policy, an introductory
pengenalan bagi Anggota Dewan Komisaris Baru Bank                     orientation program for New Members of the Board of
untuk memberikan gambaran atas kegiatan bisnis, rencana               Commissioners of the Bank to provide an overview of business
perusahaan kedepan panduan kerja dan lainya yang menjadi              activities, future plans for the company’s work guidelines
tanggung jawab anggota Anggota Dewan Komisaris baru,                  and others that are the responsibilities of members of the
dengan hal-hal yang disampaikan termasuk namun tidak                  new Members of the Board of Commissioners, with matters
terbatas pada:                                                        presented including but not limited to:
1. Penyampaian dokumen perusahaan berupa Anggaran                     1. Submission of company documents in the form of Articles
    Dasar, Laporan Tahunan, Rencana Kerja dan Anggaran                    of Association, Annual Report, Company Work and Budget
    Perusahaan (RKAP), Rencana Bisnis Bank (RBB), Rencana                 Plan (RKAP), Bank Business Plan (RBB), Company Long
    Jangka Panjang Perusahaan (RJPP), Kebijakan-kebijakan                 Term Plan (RJPP), Company policies, Company Code
    Perusahaan, Kode Etik Perusahaan, Program Kerja Anggota               of Ethics, Work Program for Members of the Board of
    Dewan Komisaris dan Komite di bawah Dewan Komisaris,                  Commissioners and Committees under the Board of
    Pedoman Tata Tertib Dewan Komisaris, serta peraturan                  Commissioners, the Code of Conduct for the Board of
    perundang-undangan yang terkait dengan proses bisnis                  Commissioners, as well as laws and regulations related to
    Bank;                                                                 the Bank’s business processes;
2. Kegiatan on site visit (kunjungan) ke unit kerja di Kantor         2. On site visit activities (visit) to work units at the Head Office
    Pusat maupun Cabang untuk bertemu dan bertatap muka                   and Branches to meet and meet face to face both with work
    langsung baik dengan pimpinan unit kerja dan karyawan.                unit heads and employees.


Program orientasi bagi Dewan Komisaris baru Selama tahun              The orientation program for the newly appointed Board of
2025 adalah sebagai berikut:                                          Commissioners during 2025 was as follows



            Tanggal                                  Topik                                    Pemateri                   Peserta
 No.         Date                                    Topic                                    Speaker                  Participants

                           Program Perkenalan Bank Mandiri Taspen termasuk Hak
                           dan Kewajiban Dewan Komisaris
                           terdiri dari:
                           a. Tata Tertib Dewan Komisaris
                           b. Tunjangan dan Fasilitas Dewan Komisaris
                           c. Fasilitas Penunjang lainnya untuk Dewan Komisaris
                           d. KPI Bank Mandiri Taspen
                           e. Struktur Organisasi Bank Mandiri Taspen                                               Junaidi Hisom
                           Bank Mandiri Taspen Introduction Program, including the                                  Prasetio
       09 Desember 2025
  1                        Rights and Obligations of the Board of Commissioners,     SPS Sekdekom                   Marjana
       December 9, 2025
                           consisted of:                                                                            Suwartini
                           a. Board of Commissioners Code of Conduct                                                Edi Eko Cahyono
                           b. Remuneration and Benefits of the Board of
                               Commissioners
                           c. Other Supporting Facilities for the Board of
                               Commissioners
                           d. Bank Mandiri Taspen Key Performance Indicators
                               (KPIs)
                           e. Organizational Structure of Bank Mandiri Taspen

                                                                                                                    Junaidi Hisom
       22 Desember 2025                                                              Kepala Divisi Internal Audit   Prasetio
  2    December 22,        Overview Internal Audit                                   Head of the Internal Audit     Marjana
       2025                                                                          Division                       Suwartini
                                                                                                                    Edi Eko Cahyono

                                                                                                                    Junaidi Hisom
                                                                                     Kepala Divisi Risk
       22 Desember 2025                                                                                             Prasetio
                                                                                     Management
  3    December 22,        Overview Risk Management                                                                 Marjana
                                                                                     Head of the Risk
       2025                                                                                                         Suwartini
                                                                                     Management Division
                                                                                                                    Edi Eko Cahyono




      546                                                                                                           Laporan Tahunan 2025
Page 547
                                                                                                             PT Bank Mandiri Taspen




            Tanggal                                 Topik                                    Pemateri                   Peserta
 No.         Date                                   Topic                                    Speaker                  Participants

                                                                                                                  Junaidi Hisom
                                                                                     Kepala Divisi Human
       22 Desember 2025                                                                                           Prasetio
                                                                                     Capital
  4    December 22,         Overview HCSP                                                                         Marjana
                                                                                     Head of the Human Capital
       2025                                                                                                       Suwartini
                                                                                     Division
                                                                                                                  Edi Eko Cahyono

                                                                                                                  Junaidi Hisom
                            Rencana Kerja Dewan Komisaris 2026 dan Tata Kelola
       22 Desember 2025                                                                                           Prasetio
                            Rapat Dewan Komisaris
  5    December 22,                                                                  SPS Sekdekom                 Marjana
                            Board of Commissioners Work Plan for 2026 and
       2025                                                                                                       Suwartini
                            Governance of Board of Commissioners Meetings
                                                                                                                  Edi Eko Cahyono


Tata Cara dan Frekuensi Pemberian Nasihat                             Procedures and Frequency of Giving Advice

Tata cara dan frekuensi pemberian nasihat oleh Dewan                  The procedures and Frequency for providing advice by the
Komisaris dilaksanakan sebagai berikut:                               Board of Commissioners were carried out as follows:
1. Dewan Komisaris memberikan nasihat kepada Direksi yang             1. The Board of Commissioners provided advice to the Board
    dilaksanakan melalui Rapat mengundang Direksi yang                   of Directors which is carried out through a meeting inviting
    dilaksanakan setiap 4 (empat) bulan sekali.                          the Board of Directors which is held every 4 (four) months.
2. Pemberian nasihat juga dapat dilaksanakan sewaktu-waktu            2. Providing advice could also be carried out at any time as
    sesuai keperluan dengan mengundang Dewan Komisaris                   needed by inviting the Board of Commissioners through a
    melalui suatu forum rapat maupun kegiatan lainnya yang               meeting forum or other activities attended by the Board of
    dihadiri oleh Dewan Komisaris.                                       Commissioners.


Rekomendasi, Pelaksanaan Tugas Dewan                                  Recommendations, Implementation of The Tasks of
Komisaris, serta Pengawasan Implementasi                              the Board of Commissioners, and Supervision of the
Strategi Perseroan                                                    Implementation of the Company’s Strategy

Segala sesuatu yang dibicarakan dan diputuskan dalam rapat            Everything discussed and decided in the Meeting of the Board
Dewan Komisaris dituangkan dalam risalah rapat paling kurang          of Commissioners is stated in the minutes of the Meeting which
berisi: waktu dan tempat, agenda, rekomendasi dan tindak              at least contains: time and place, agenda, recommendations
lanjut, daftar hadir dan tanda tangan seluruh peserta rapat yang      and follow up, list of attendance and signatures of all meeting
hadir (berdasarkan jenis Rapat). Rekomendasi ini disampaikan          participants present (based on the type of meeting). This
kepada Direksi untuk ditindaklanjuti. Selama tahun 2025               recommendation is submitted to the Board of Directors for
Dewan Komisaris telah menyampaikan rekomendasi untuk                  follow- up. Throughout 2025, the Board of Commissioners
ditindaklanjuti oleh Direksi sebanyak 19 (sembilan belas) kali.       issued a total of 19 (nineteen) recommendations to be followed
                                                                      up by the Board of Directors.


Sesuai Pedoman dan Tata tertib Kerja Dewan Komisaris yang             In accordance with the Guidelines and Work Procedures of
merupakan rangkuman beberapa ketentuan eksternal terkait              the Board of Commissioners which became a summary of
tugas-tugas Dewan Komisaris, adapun salah satu tugas pokok            several external provisions related to the duties of the Board
Dewan Komisaris adalah melakukan pengawasan terhadap                  of Commissioners, one of the main tasks of the Board of
pengurusan operasional Bank yang dilakukan Direksi serta              Commissioners was to supervise the operational management
memberi nasihat kepada Direksi termasuk mengenai rencana              of the Bank carried out by the Board of Directors and provide
kerja, pengembangan bisnis Bank, pelaksanaan ketentuan                advice to the Board of Directors including on work plans,
Anggaran Dasar dan keputusan RUPS serta peraturan                     business development Bank, implementation of the provisions
perundangan yang berlaku.                                             of the Articles of Association and resolutions of the GMS as
                                                                      well as the applicable laws and regulations.


Dalam pelaksanaan tugasnya melakukan pengawasan tersebut              In carrying out its duties, supervision was carried out through
dilakukan melalui pembahasan dalam Rapat Dewan Komisaris              discussions in the Board of Commissioners Meeting discussing
yang membahas terkait Perseroan, baik terkait strategi, bisnis        related to the Company, both related to its strategy, business and
maupun operasionalnya, dengan bahan bersumber dari hasil              operations, with material sourced from the recommendations
rekomendasi Komite-komite, dari anggota Direksi secara                of the Committees, from members of the Board of Directors




2025 Annual Report                                                                                                           547
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langsung maupun dari unit kerja terkait yang diundang secara        directly or from related work units specially invited. In the Board
khusus dalam rapat Dewan Komisaris, Rapat Komite dan Rapat          of Commissioners meeting, Committee Meeting and Board of
Dewan Komisaris mengundang Direksi.                                 Commissioners meeting invited the Board of Directors.



Dalam rangka pengawasan implementasi strategi Perseroan,            To supervise the implementation of the Company’s strategy, the
Dewan Komisaris melakukan kajian dan memberikan pendapat            Board of Commissioners conducted studies and provided opinions
atas strategi usaha Bank, termasuk penilaian terhadap Rencana       on the business strategies implemented by the Bank, conducted
Bisnis Bank (RBB) dan penjabarannya dalam Rencana Kerja             assessments, provided opinions and advice on the Business
dan Anggaran Tahunan (RKAP). Selain itu, Dewan Komisaris            Plan Draft and its elaboration into the Bank’s Annual Work Plan
melakukan pemantauan secara berkala atas pelaksanaan RKAP           and Budget (RKAP), conducted periodic supervision on the
serta memberikan persetujuan atau pendapat atas perubahan           implementation of the RKAP and provide opinions or approvals on
RKAP sesuai dengan ketentuan yang berlaku.                          changes to the RKAP in accordance with applicable regulations.


Sebagai bagian dari pelaksanaan fungsi pengawasan, Dewan            As part of the implementation of its supervisory function,
Komisaris juga menyampaikan laporan hasil pengawasan                the Board of Commissioners also submitted reports on the
atas implementasi Rencana Bisnis Bank kepada Otoritas Jasa          oversight of the implementation of the Bank Business Plan to
Keuangan secara semesteran. Pada tahun 2025, laporan                the Financial Services Authority (OJK) on a semi-annual basis.
tersebut telah disampaikan sebagai berikut:                         In 2025, such reports were submitted as follows:
a. Laporan Semester I Tahun 2025 disampaikan melalui Surat          a. The First Semester 2025 Report was submitted through
    Nomor DEKOM/056/2025 tanggal 28 Agustus 2025.                      Letter No. DEKOM/056/2025 dated 28 August 2025.
b. Laporan Semester II Tahun 2025 disampaikan melalui               b. The Second Semester 2025 Report was submitted through
    Surat Nomor DEKOM/015/2026 tanggal 27 Februari 2026.               Letter No. DEKOM/015/2026 dated 27 February 2026.


Penilaian Kinerja Direksi dan Dewan Komisaris                       Performance Assessment the Board of
                                                                    Commissioners and Board of Directors

Penilaian Kinerja Direksi                                           Board of Directors Performance Assessment

PROSEDUR PELAKSANAAN PENILAIAN KINERJA DIREKSI                      PROCEDURE FOR THE IMPLEMENTATION OF BOARD OF
                                                                    DIRECTORS PERFORMANCE ASSESSMENT


Sebagai bentuk pengukuran atas pencapaian target kinerja yang       As a measure of the achievement of performance targets
telah dilaksanakan oleh Direksi, maka perlu dilakukan penilaian     carried out by the Board of Directors, an assessment of the
terhadap Direksi secara kolektif maupun masing-masing               Board of Directors was conducted, both collectively and
anggota Direksi. Penilaian Direksi dilakukan secara berkala         individually. The assessment of the Board of Directors was
dan saat pertanggungjawaban laporan tahunan pada RUPS               carried out periodically and at the time of accountability for
Tahunan 2025. Pelaksanaan RUPS untuk pertanggungjawaban             the annual report at the 2025 Annual General Meeting of
laporan tahunan tahun buku 2024, pada kesempatan tersebut           Shareholders (AGMS). At the AGMS convened to present
pemegang saham menerima laporan tahunan perusahaan                  accountability for the 2024 financial year, the shareholders
tahun buku 2024 mengenai keadaan jalannya perusahaan                accepted the Company’s annual report for the 2024 financial
dan hasil yang telah dicapai, dan selanjutnya menyatakan            year regarding the condition of the Company’s operations and
memberikan pembebasan sepenuhnya pertanggungjawaban                 the results achieved, and subsequently granted full release and
(acquit et de charge) Direksi Bank untuk operasional Bank           discharge (acquit et de charge) to the Board of Directors for the
selama tahun buku 2024.                                             Bank’s operations during the 2024 financial year.


Untuk Direksi secara individu, dinilai setiap tahun untuk melihat   Individually, members of the Board of Directors were assessed
kinerja masing-masing anggota Direksi dalam pelaksanaan             annually to evaluate their respective performance in carrying
tugas dan tanggung jawabnya. Penilaian tersebut dilaksanakan        out their duties and responsibilities. The assessment was
berdasarkan target yang ditetapkan dalam Key Performance            conducted based on targets set in the Key Performance
Indicator (KPI) yang telah disepakati bersama dari awal tahun       Indicators (KPIs), which had been mutually agreed upon at the
sesuai pembidangannya masing-masing.                                beginning of the year in accordance with their respective areas
                                                                    of responsibility.




    548                                                                                                         Laporan Tahunan 2025
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                                                                                                             PT Bank Mandiri Taspen




KRITERIA PENILAIAN KINERJA DIREKSI                                    CRITERIA FOR THE ASSESSMENT OF BOARD OF
                                                                      DIRECTORS PERFORMANCE


Keberhasilan kinerja Direksi akan tercermin dalam satu                The performance of the Board of Directors was reflected in
kesatuan realisasi Rencana Kerja dan Anggaran Perusahaan              the overall realization of the annual Corporate Work Plan and
(RKAP) secara tahunan, penilaian berdasarkan parameter                Budget (RKAP). The assessment was based on parameters
kinerja kolegial dan kinerja individual/sektoral dengan               of collective (collegial) performance and individual/sectoral
mempertimbangkan faktor kuantitatif dan kualitatif. Penilaian         performance, taking into account both quantitative and
Direksi meliputi tingkat kesehatan bank yang mencakup aspek           qualitative factors. The assessment of the Board of Directors
profil risiko, Good Corporate Governance (GCG), rentabilitas          included the Bank’s soundness level, covering aspects of risk
dan permodalan Bank.                                                  profile, Good Corporate Governance (GCG), profitability, and
                                                                      capital adequacy.


Penilaian Direksi dilaksanakan secara berkala dan tahunan             The assessment of the Board of Directors was conducted
berdasarkan Key Performance Indicator (KPI), secara                   periodically and annually based on Key Performance Indicators
garis besarnya mengacu pada 4 (empat) kriteria penilaian              (KPIs), broadly referring to four (4) assessment criteria, namely
berdasarkan perspektif keuangan, perspektif pelanggan,                financial perspective, customer perspective, alliance and
perspektif aliansi, dan strategi serta perspektif pengembangan.       strategy perspective, and development perspective.


Direktur Utama                                                        President Director
1. Tercapainya target Laba, Kredit, CASA, NPL dan Rasio               1. Achieved the targeted levels of Profit, Loans, CASA, NPL,
    Financial sesuai target                                              and Financial Ratios in line with the established targets.
2. Meningkatkan market share pensiunan ASN dan TNI/                   2. Increasing the market share in the pension segment of Civil
    POLRI sesuai target                                                  Servants (ASN) and the Indonesian National Armed Forces/
                                                                         Police (TNI/POLRI) in accordance with the targets.
3. Mempertahankan hasil pemeringkat penerapan tata                    3. Maintaining the corporate governance rating through the
   kelola melalui CGPI dengan predikat Most Trusted dengan               CGPI with the predicate “Most Trusted,” with an increase in
   peningkatan nilai di atas rata-rata kenaikan nilai peserta CGPI       score above the average increase of CGPI participants.
4. Memastikan seluruh Rekomendasi Audit Internal dan                  4. Ensuring that all Internal and External Audit
   Eksternal terimplementasi yang di buktikan dengan tidak               recommendations were implemented, as evidenced by no
   ada DMTL yang overdue di tahun 2025                                   overdue DMTL in 2025.
5. Target live NCBS di tahun 2025                                     5. Target for the go-live of the New Core Banking System
                                                                         (NCBS) in 2025


Wakil Direktur Utama                                                  Vice President Director
1. Tercapainya target Laba, Kredit, CASA, NPL dan Rasio               1. Achieved the targeted levels of Profit, Loans, CASA, NPL,
   Financial sesuai target                                                and Financial Ratios in line with the established targets.
2. Meningkatkan market share pensiunan ASN dan TNI/                   2. Increasing the market share in the pension segment of Civil
   POLRI sesuai target                                                    Servants (ASN) and the Indonesian National Armed Forces/
                                                                          Police (TNI/POLRI) in accordance with the targets.
3. Mempertahankan hasil pemeringkat penerapan tata                    3. Maintaining the corporate governance rating through the
   kelola melalui CGPI dengan predikat Most Trusted dengan                CGPI with the predicate “Most Trusted,” with an increase in
   peningkatan nilai di atas rata-rata kenaikan nilai peserta CGPI        score above the average increase of CGPI participants.
4. Memperkuat Branding sebagai Bank Pensiunan terdepan                4. Strengthening branding as a leading and trusted pension-
   dan terpercaya                                                         focused bank
5. Target live NCBS di tahun 2025                                     5. Target for the go-live of the New Core Banking System
                                                                          (NCBS) in 2025


Direktur Compliance & Human Resource                                  Director of Compliance & Human Resource
1. Tercapainya target Laba, Kredit, CASA, NPL dan Rasio               1. Achieved the targeted levels of Profit, Loans, CASA, NPL,
    Financial sesuai target                                               and Financial Ratios in line with the established targets.
2. Mempertahankan hasil pemeringkat penerapan tata                    2. Maintaining the corporate governance rating through the
    kelola melalui CGPI dengan predikat Most Trusted dengan               CGPI with the predicate “Most Trusted,” with an increase in
    peningkatan nilai di atas rata-rata kenaikan nilai peserta CGPI       score above the average increase of CGPI participants.




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3. Menjalankan fungsi pengawasan dan control Distribution        3. Performing distribution supervision and control functions,
   yang dibuktikan dengan adanya Zero Fraud                         as evidenced by zero fraud.
4. Dashboard Internal Control Kantor Cabang min. 80%             4. Achieved a minimum of 80% (out of 100%) for the Branch
   dari 100%                                                        Internal Control Dashboard.
5. Meningkatkan employee productivity                            5. Improving employee productivity.
6. Pelaksanaan annual Review atas 3 sertifikasi ISO 9001,        6. Conduct the annual review of three ISO certifications: ISO
   37001, dan 37301                                                 9001, ISO 37001, and ISO 37301


Direktur IT & Digital                                            Director of IT & Digital
1. Tercapainya target Laba, Kredit, CASA, NPL dan Rasio          1. Achieved the targeted levels of Profit, Loans, CASA, NPL,
    Financial sesuai target                                          and Financial Ratios in line with the established targets.
2. Penguatan maturity infrastruktur security Bank                2. Strengthened the maturity of the Bank’s security
                                                                     infrastructure.
3. Zero Security Breach tercermin dari risk score index sesuai   3. Zero security breaches, as reflected in the risk score index in
   report Security Operation Center                                  accordance with the Security Operation Center report.
4. Terlaksananya Project dan CR sesuai dengan inisiatif yang     4. Implemented projects and Change Requests (CR) in line
   tercantum dalam laporan RPTI                                      with the initiatives set out in the RPTI report.
5. Terlaksananya Laporan-laporan Tahunan IT kepada               5. Completed the submission of annual IT reports to the
   Regulator                                                         regulator.
6. Pemenuhan minimum IT Requrements                              6. Fulfilled minimum IT requirements.
7. Target live NCBS di tahun 2025                                7. Target for the go-live of the New Core Banking System
                                                                     (NCBS) in 2025.
8. Peningkatan produktivitas dan layanan pencairan Kredit        8. Improved productivity and loan disbursement services


Direktur Keuangan & Risk                                         Director of Finance & Risk
1. Tercapainya target Laba, Kredit, CASA, NPL dan Rasio          1. Achieved the targeted levels of Profit, Loans, CASA, NPL,
    Financial sesuai target                                          and Financial Ratios in line with the established targets.
2. Opini atas laporan keuangan audit 2025 wajar tanpa            2. Obtained an unmodified audit opinion on the 2025 financial
    modifikasian                                                     statements.
3. Tersedianya profil risiko dengan peringkat risiko minimum     3. Maintained a risk profile with a minimum rating of low to
    low to moderate sesuai dengan hasil IRC Mandiri Group            moderate in accordance with the IRC of the Mandiri Group.
4. Menjalankan fungsi pengawasan dan control Distribution        4. Performing distribution supervision and control functions,
    yang dibuktikan dengan adanya Zero Fraud                         as evidenced by zero fraud.
5. Melakukan inisiatif continous improvement                     5. Undertook continuous improvement initiatives.
6. Target live NCBS di tahun 2025                                6. Target for the go-live of the New Core Banking System
                                                                     (NCBS) in 2025


Direktur Bisnis                                                  Director of Business
1. Tercapainya target Laba, Kredit, CASA, NPL dan Rasio          1. Achieved the targeted levels of Profit, Loans, CASA, NPL,
    Financial sesuai target                                          and Financial Ratios in line with the established targets.
2. Meningkatkan market share pensiunan ASN dan TNI/              2. Increasing the market share in the pension segment of Civil
    POLRI sesuai target                                              Servants (ASN) and the Indonesian National Armed Forces/
                                                                     Police (TNI/POLRI) in accordance with the targets.
3. Meningkatkan akuisisi payroll yang terdiri dari DPK retail    3. Increasing payroll acquisition comprising retail third-party
   dan Penambahan PKS dengan intansi                                 funds (DPK) and additional cooperation agreements (PKS)
                                                                     with institutions.
4. Menjalankan fungsi pengawasan dan control Distribution        4. Performing distribution supervision and control functions,
   yang dibuktikan dengan adanya Zero Fraud                          as evidenced by zero fraud.
5. Implementasi kajian Ekosistem Pensiun sebagai own game        5. Implementing the Pension Ecosystem study as the Bank
   Bank Mandiri Taspen                                               Mandiri Taspen’s own game


Direktur Funding (Retail & Network)                              Director of Funding (Retail & Network)
1. Tercapainya target Laba, Kredit, CASA, NPL dan Rasio          1. Achieved the targeted levels of Profit, Loans, CASA, NPL,
    Financial sesuai target                                          and Financial Ratios in line with the established targets.




    550                                                                                                      Laporan Tahunan 2025
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                                                                                                      PT Bank Mandiri Taspen




2. Meningkatkan market share pensiunan ASN dan TNI/             2. Increasing the market share in the pension segment of Civil
   POLRI sesuai target                                             Servants (ASN) and the Indonesian National Armed Forces/
                                                                   Police (TNI/POLRI) in accordance with the targets.
3. Menjalankan fungsi pengawasan dan control Distribution       3. Performing distribution supervision and control functions,
   yang dibuktikan dengan adanya Zero Fraud                        as evidenced by zero fraud.
4. Peningkatan produktivitas dan layanan pencairan Kredit       4. Improved productivity and loan disbursement services


Direktur Transformasi dan Pengembangan Usaha                    Director of Business Transformation and Development
1. Tercapainya target Laba, Kredit, CASA, NPL dan Rasio         1. Achieved the targeted levels of Profit, Loans, CASA, NPL,
    Financial sesuai target                                         and Financial Ratios in line with the established targets.
2. Meningkatkan market share pensiunan ASN dan TNI/             2. Increasing the market share in the pension segment of Civil
    POLRI sesuai target                                             Servants (ASN) and the Indonesian National Armed Forces/
                                                                    Police (TNI/POLRI) in accordance with the targets.
3. Mendorong peningkatan customer lifetime value dengan         3. Drove an increase in customer lifetime value through
   penguatan sinergi Grup Usaha                                     strengthened synergy within the business group.
4. Meningkatkan awareness service & culture di jaringan         4. Increasing service and culture awareness across the branch
   kantor                                                           network.
5. Pemenuhan BCM Assurance                                      5. Fulfilled Business Continuity Management (BCM) assurance
                                                                    requirements.
6. Target live NCBS di tahun 2025                               6. Target for the go-live of the New Core Banking System
                                                                    (NCBS) in 2025


PIHAK YANG MELAKUKAN PENILAIAN KINERJA                          PARTIES CONDUCTING THE PERFORMANCE
                                                                ASSESSMENT


Penilaian kinerja terhadap pelaksanaan tugas Direksi secara     The performance assessment of the Board of Directors
kolektif kolegial dilaksanakan dalam forum RUPS oleh            in carrying out its duties collectively and collegially was
Pemegang Saham, namun sebelum disampaikan ke RUPS               conducted at the General Meeting of Shareholders (GMS) by the
akan ditelaah dan dievaluasi oleh Dewan Komisaris, sedangkan    Shareholders. Prior to submission to the GMS, the assessment
assessment masing-masing Direksi dengan berdasarkan KPI         was reviewed and evaluated by the Board of Commissioners.
masing-masing yang dinilai per semester atau setiap tahun       Meanwhile, the assessment of each individual member of the
oleh Dewan Komisaris.                                           Board of Directors, based on their respective Key Performance
                                                                Indicators (KPIs), was conducted semi-annually or annually by
                                                                the Board of Commissioners.


HASIL PENILAIAN KINERJA DIREKSI                                 RESULTS OF THE BOARD OF DIRECTORS PERFORMANCE
                                                                ASSESSMENT


Pelaksanaan RUPS untuk pertanggungjawaban laporan tahunan       The GMS was convened for the accountability of the 2024
2024. Hasil penilaian pemegang saham menunjukkan bahwa          annual report. The results of the Shareholders’ assessment
pemegang saham telah menerima laporan tahunan perusahaan        showed that the Shareholders accepted the Company’s annual
tahun buku 2024 mengenai keadaan jalannya perusahaan dan        report for the 2024 financial year regarding the condition
hasil yang telah dicapai, selanjutnya menyatakan memberikan     of the Company’s operations and the results achieved, and
pembebasan sepenuhnya pertanggungjawaban (aquit et              subsequently granted full release and discharge (acquit et de
decharge) Direksi Bank untuk operasional Bank selama tahun      charge) to the Board of Directors for the Bank’s operations
2024 pembebasan pertanggungjawaban (aquit et decharge)          during 2024. The release and discharge (acquit et de charge)
juga diberikan kepada Direksi yang sudah tidak menjabat lagi    were also granted to members of the Board of Directors who
sebelum berakhir tahun Buku 2024.                               had ceased to serve prior to the end of the 2024 financial year.


Penilaian KPI individu oleh Dewan Komisaris menunjukkan         The individual KPI assessment conducted by the Board of
bahwa tiap-tiap Direksi telah melaksanakan tugas dan            Commissioners showed that each member of the Board of
tanggung jawabnya dengan sangat baik. Hasil penilaian kinerja   Directors had carried out their duties and responsibilities very
Direksi berdasarkan KPI yang telah disepakati sebelumnya akan   well. The results of the performance assessment of the Board
menjadi bahan pertimbangan dalam pelaksanaan remunerasi         of Directors based on the previously agreed KPIs served as
dan nominasi terhadap masing-masing Direksi selanjutnya.        consideration for the implementation of remuneration and
                                                                nomination for each member of the Board of Directors going
                                                                forward.


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Penilaian Kinerja Dewan Komisaris                                    Performance Assessment the Board of Commissioners

Penilaian kinerja Dewan Komisaris dilakukan oleh Pemegang            The performance assessment of the Board of Commissioners
Saham dalam RUPS Tahunan pada saat penyampaian Laporan               collegial and individual was carried out by the Shareholders
tugas pengawasan Dewan Komisaris tersebut kepada RUPS                at the Annual GMS at the time the Board of Commissioners’
dalam Laporan tahunan Bank, berdasarkan laporan tersebut RUPS        supervisory duties report was submitted to the GMS in the
menyatakan serta memberikan pembebasan sepenuhnya (acquit            Bank’s Annual Report in the Fiscal Year ending at the end of
et de charge) kepada Dewan Komisaris atas tindakan pengawasan        the year. The performance of the Board of Commissioners
yang dilakukan dalam Tahun Buku yang berakhir pada akhir tahun.      was reflected in the realization of the Work Program/Annual
Kinerja Dewan Komisaris tercermin dari pencapaian realisasi          Work Plan of the Board of Commissioners, which had all
Program Kerja/Rencana Kerja Tahunan Dewan Komisaris yang             been achieved. In addition, the results of the evaluation of the
seluruhnya telah tercapai. Di samping itu, hasil evaluasi terhadap   overall performance of the Board of Commissioners and the
kinerja Dewan Komisaris secara keseluruhan dan kinerja masing-       performance of each member of the Board of Commissioners
masing anggota Dewan Komisaris secara individu merupakan             individually became an integral part of the compensation/
bagian tak terpisahkan dalam skema kompensasi/pemberian              incentive scheme for the Board of Commissioners and a basis
insentif bagi Dewan Komisaris dan dasar pertimbangan bagi            for consideration for shareholders to dismiss and/or reappoint
pemegang saham untuk memberhentikan dan/atau menunjuk                the Board of Commissioners concerned.
kembali Dewan Komisaris yang bersangkutan.


Dalam melaksanakan penilaian atas kinerja Dewan Komisaris,           In assessing the performance of the Board of Commissioners, Bank
Bank Mandiri Taspen telah mengacu pada beberapa ketentuan            Mandiri Taspen referred to several provisions such as Law No. 40
seperti Undang-Undang No. 40 Tahun 2007 tentang Perseroan            of 2007 concerning Limited Liability Companies. As a medium
Terbatas. Sebagai media penilaian kinerja Dewan Komisaris,           for evaluating the performance of the Board of Commissioners,
dilakukan self assessment atas kinerja fungsi pengawasan             a selfassessment was carried out on the performance of the
Dewan Komisaris dan Komite di bawah Dewan komisaris                  supervisory function of the Board of Commissioners and Committees
yang disampaikan dalam suatu laporan Dewan Komisaris                 under the Board of Commissioners which was submitted in a Board
yang dibuat setiap semester untuk dilaporkan kepada Otoritas         of Commissioners report which was made every semester to be
Jasa keuangan. Sedangkan penilaian kinerja Dewan Komisaris           reported to the Financial Services Authority. Meanwhile, the annual
tahunan dilaksanakan setiap tahun sekali dalam forum RUPS            performance assessment of the Board of Commissioners was carried
untuk melaporkan fungsi pengawasan yang telah dilakukan.             out every year in the GMS forum to report the supervisory function
Pengukuran kinerja Dewan Komisaris merupakan hasil kerja             that had been carried out. The performance measurement of the
kolegial dari seluruh Dewan komisaris yang tercermin dalam           Board of Commissioners is the collective work of the entire Board of
satu kesatuan pada realisasi Rencana Kerja dan Anggaran              Commissioners, reflected as a unified result in the annual realization
Perusahaan (RKAP) secara tahunan.                                    of the Corporate Work and Budget Plan (RKAP).


PROSEDUR PELAKSANAAN PENILAIAN KINERJA DEWAN                         PROCEDURES FOR PERFORMANCE ASSESSMENT BOARD
KOMISARIS                                                            OF COMMISSIONERS


Prosedur penilaian kinerja Dewan Komisaris yang dilaksanakan         The collegial and individual performance assessment
oleh Pemegang Saham melalui RUPS adalah sebagai berikut:             procedures for the Board of Commissioners carried out by
                                                                     Shareholders through the GMS are as follows:
1. Dewan Komisaris wajib menyampaikan laporan kinerja                1. The Board of Commissioners shall submit a performance
   Dewan Komisaris dan Anggota Dewan Komisaris untuk                     report of the Board of Commissioners and Members
   dievaluasi oleh Pemegang Saham dalam RUPS.                            of the Board of Commissioners to be evaluated by the
                                                                         Shareholders in the GMS.
2. Kinerja Dewan Komisaris ditentukan berdasarkan tugas              2. The performance of the Board of Commissioners shall
   kewajiban yang tercantum dalam peraturan perundang-                   be determined based on the duties of obligations stated
   undangan yang berlaku dan Anggaran Dasar maupun                       in the prevailing laws and regulations and the Articles of
   amanat Pemegang Saham.                                                Association and mandate of the Shareholders.
3. Hasil evaluasi kinerja masing-masing Anggota Dewan                3. The results of performance evaluation of each Member
   Komisaris secara individual merupakan salah satu                      of the Board of Commissioners individually is one of the
   dasar pertimbangan bagi Pemegang Saham untuk                          basis of consideration for shareholders to dismiss and/
   memberhentikan dan/atau menunjuk kembali Anggota                      or re-appoint members of the board of commissioners
   Dewan Komisaris yang bersangkutan.                                    concerned.
4. Hasil evaluasi kinerja tersebut merupakan sarana penilaian        4. The results of the performance evaluation are a means of
   serta peningkatan efektivitas Dewan Komisaris.                        assessment and improvement of the effectiveness of the
                                                                         Board of Commissioners.


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                                                                                                      PT Bank Mandiri Taspen




KRITERIA PENILAIAN KINERJA DEWAN KOMISARIS                       BOARD OF COMMISSIONERS’ PERFORMANCE ASSESSMENT
                                                                 CRITERIA


Kriteria evaluasi yang digunakan untuk menilai kinerja Dewan     The evaluation criteria used to assess the performance of
Komisaris dan individu Anggota Dewan Komisaris adalah            the Board of Commissioners and individual members of the
pelaksanaan fungsi Dewan Komisaris dalam melakukan               Board of Commissioners are the execution of the Board of
pengawasan dan memberikan nasihat kepada Direksi demi            Commissioners’ functions in overseeing and providing advice
kepentingan Bank dan Pemegang Saham khususnya serta              to the Board of Directors for the benefit of the Bank and
pihak yang berkepentingan pada umumnya.                          Shareholders, in particular, and stakeholders in general.


Penilaian tersebut dilaksanakan secara tahunan dengan kriteria   The assessment was conducted annually with the following
evaluasi sebagai berikut:                                        evaluation criteria:
1. Efektivitas pelaksanaan fungsi pengawasan dan pemberian       1. Effectiveness in performing the supervisory function and
    nasihat kepada Direksi sesuai dengan Anggaran Dasar              providing advice to the Board of Directors in accordance
    Perseroan dan ketentuan yang berlaku.                            with the Company’s Articles of Association and applicable
                                                                     regulations.
2. Tingkat kepatuhan Dewan Komisaris terhadap peraturan          2. Level of compliance of the Board of Commissioners with
   perundang-undangan, kebijakan internal, dan prinsip-              prevailing laws and regulations, internal policies, and
   prinsip tata kelola perusahaan yang baik.                         principles of good corporate governance.
3. Peran Dewan Komisaris dalam memastikan keberlanjutan          3. Role of the Board of Commissioners in ensuring business
   usaha, manajemen risiko yang efektif, serta terjaganya            sustainability, effective risk management, and the
   tingkat kesehatan Bank.                                           maintenance of the Bank’s soundness level.
4. Tingkat kehadiran dan kontribusi aktif dalam Rapat Dewan      4. Level of attendance and active contribution in Board of
   Komisaris, Rapat Komite Dewan Komisaris, serta Rapat              Commissioners meetings, Board Committee meetings, and
   Dewan Komisaris bersama Direksi.                                  joint meetings between the Board of Commissioners and
                                                                     the Board of Directors.
5. Peran dan kontribusi dalam pelaksanaan tugas Komite di        5. Role and contribution in carrying out the duties of
   bawah Dewan Komisaris, termasuk Komite Audit, Komite              committees under the Board of Commissioners, including
   Pemantau Risiko, dan Komite Remunerasi dan Nominasi.              the Audit Committee, Risk Monitoring Committee, and
                                                                     Remuneration and Nomination Committee.
6. Partisipasi Dewan Komisaris dalam penugasan tertentu          6. Participation of the Board of Commissioners in specific
   yang diberikan oleh Pemegang Saham atau yang diperlukan           assignments mandated by the Shareholders or required to
   untuk mendukung kepentingan Perseroan.                            support the interests of the Company.
7. Penerapan prinsip independensi, objektivitas, integritas,     7. Application of the principles of independence, objectivity,
   serta profesionalisme dalam pengambilan keputusan.                integrity, and professionalism in decision-making.
8. Efektivitas pengawasan terhadap pelaksanaan Rencana           8. Effectiveness of oversight over the implementation of the
   Bisnis Bank (RBB) dan Rencana Kerja dan Anggaran                  Bank Business Plan (RBB) and the Corporate Work Plan
   Perusahaan (RKAP).                                                and Budget (RKAP).


PIHAK YANG MELAKUKAN ASSESSMENT                                  PARTIES CONDUCTING THE ASSESSMENT


Pihak yang melakukan penilaian terhadap kinerja Dewan            The party that evaluates the performance of the Board of
Komisaris adalah Pemegang Saham melalui RUPS berdasarkan         Commissioners is the Shareholders through the GMS based
kewajiban yang tercantum dalam Perundang-undangan yang           on the obligations contained in the applicable legislation and
berlaku dan Anggaran Dasar maupun amanat Pemegang                the Articles of Association as well as the mandate of the
Saham. Dewan Komisaris akan mempertanggungjawabkan               Shareholders. The Board of Commissioners will be responsible
kinerja mereka pada periode 2025 dalam RUPS yang                 for their performance in the 2025 period at the GMS to be held
diselenggarakan pada tahun 2026.                                 in 2026.


HASIL PENILAIAN KINERJA DEWAN KOMISARIS                          BOARD OF COMMISSIONERS ‘ PERFORMANCE
                                                                 ASSESSMENT RESULTS


Penilaian kinerja Dewan Komisaris dilakukan oleh Pemegang        The performance evaluation of the Board of Commissioners
Saham melalui Rapat Umum Pemegang Saham (RUPS) Tahunan           was conducted by the Shareholders through the Annual
berdasarkan penyampaian Laporan Tugas Pengawasan Dewan           General Meeting of Shareholders (AGMS) based on the
Komisaris dalam Laporan Tahunan Bank. Berdasarkan laporan        submission of the Board of Commissioners’ Supervisory Report




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tersebut, RUPS memberikan persetujuan serta pembebasan            in the Bank’s Annual Report. Based on such report, the AGMS
dan pelunasan tanggung jawab sepenuhnya (acquit et de             granted approval as well as full release and discharge (acquit et
charge) kepada Dewan Komisaris atas pelaksanaan tugas             de charge) to the Board of Commissioners for the performance
pengawasan selama Tahun Buku 2025.                                of its supervisory duties during the 2025 Financial Year.


Di samping itu, hasil evaluasi terhadap kinerja Dewan Komisaris   In addition, the results of the evaluation of the Board of
secara keseluruhan dan kinerja masing-masing anggota Dewan        Commissioners’ overall performance and the performance of
Komisaris secara individu merupakan bagian tak terpisahkan        each member of the Board of Commissioners individually are
dalam skema kompensasi/pemberian insentif bagi Dewan              an integral part of the compensation/incentive scheme for
Komisaris dan dasar pertimbangan bagi pemegang saham              the Board of Commissioners and are a basis for shareholders
untuk memberhentikan dan/atau menunjuk kembali Dewan              to dismiss and/ or reappoint the Board of Commissioners
Komisaris yang bersangkutan.                                      concerned.


Penilaian Kinerja Komite di Bawah                                 Performance Assessment of Committees Under
Dewan Komisaris dan Dasar Penilaiannya                            the Board of Commissioners and the Basis of
                                                                  Their Rating

Dalam rangka meningkatkan peran Dewan Komisaris dalam             In order to improve the role of the Board of Commissioners
menjalankan fungsi pengawasan, Dewan Komisaris telah              in carrying out its supervisory function, the Board of
membentuk 3 (tiga) komite yaitu:                                  Commissioners formed 3 (three) committees, namely:
1. Komite Audit                                                   1. Audit Committee
2. Komite Remunerasi dan Nominasi                                 2. Remuneration and Nomination Committee
3. Komite Pemantau Risiko                                         3. Risk Monitoring Committee


Dewan Komisaris secara periodik (tahunan) melakukan               The Board of Commissioners periodically (annually) evaluates
penilaian atas efektivitas kinerja komite-komite di bawah         the effectiveness of the performance of the committees under
Dewan Komisaris. Masing-masing komite dinilai berdasarkan         the Board of Commissioners. Each committee is assessed
rencana kerja serta Piagam dari masing-masing Komite              based on the work plan and charter of each committee with
dengan indikator penilaian mencakup jumlah pelaksanaan            assessment indicators including the number of meetings held,
rapat, kehadiran rapat, materi-materi yang dibahas dalam          meeting attendance, materials discussed at meetings, visits
rapat, kunjungan ke kantor wilayah serta penugasan lainnya        to regional offices and other assignments by the Board of
oleh Dewan Komisaris. Dewan Komisaris menilai bahwa               Commissioners. The Board of Commissioners considers that
selama tahun 2025 komite-komite telah menjalankan tugas           during 2025 the committees have carried out their duties and
dan tanggung jawabnya dengan baik dan telah sesuai dengan         responsibilities properly and are in accordance with applicable
ketentuan yang berlaku.                                           regulations.


Komite Audit memiliki tugas dan tanggung jawab melakukan          The Audit Committee has the duties and responsibilities of
pengawasan atas hal-hal yang terkait dengan informasi             supervising matters related to financial information, internal
keuangan, sistem pengendalian internal (internal control          control systems, effectiveness of audits by external and internal
system), efektivitas pemeriksaan oleh auditor eksternal dan       auditors, effectiveness of risk management implementation and
internal, efektivitas pelaksanaan manajemen risiko serta          compliance with applicable laws and regulations. During 2025,
kepatuhan terhadap peraturan perundang-undangan yang              the Audit Committee has carried out the following activities:
berlaku. Selama tahun 2025, Komite Audit telah melaksanakan
beberapa kegiatan sebagai berikut:
1. Komite Audit telah menyelenggarakan 13 (tiga belas) rapat      1. The Audit Committee held 13 (thirteen) meetings to review
    untuk menelaah laporan keuangan, mengevaluasi audit              financial statements, evaluate internal and external audits,
    internal dan eksternal, menilai efektivitas pengendalian         assess the effectiveness of internal controls, monitor
    internal, memantau tindak lanjut temuan audit dan                follow-ups on audit findings and regulatory examinations,
    pemeriksaan regulator, mengawasi pengaduan nasabah               oversee customer complaints and legal cases, and ensure
    dan kasus hukum, serta memastikan kepatuhan terhadap             compliance with prevailing laws and regulations.
    peraturan perundang-undangan.
2. Komite Audit memberikan arahan dan rekomendasi kepada          2. The Audit Committee provided guidance and
    Dewan Komisaris guna meningkatkan kualitas tata kelola           recommendations to the Board of Commissioners to
    perusahaan, memperkuat pengendalian internal, dan                enhance the quality of corporate governance, strengthen
    mengoptimalkan efektivitas fungsi pengawasan.                    internal controls, and optimize the effectiveness of the
                                                                     supervisory function.




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3. Komite Audit mengevaluasi kinerja dan independensi            3. The Audit Committee evaluated the performance and
   Kantor Akuntan Publik serta memberikan rekomendasi               independence of the Public Accounting Firm and provided
   kepada Dewan Komisaris untuk diajukan kepada RUPS.               recommendations to the Board of Commissioners for
                                                                    submission to the General Meeting of Shareholders (GMS).


Komite Remunerasi dan Nominasi memiliki tugas dan tanggung       The Remuneration and Nomination Committee had the duties
jawab membantu Dewan Komisaris dalam melaksanakan fungsi         and responsibilities to assist the Board of Commissioners in
dan tugasnya di bidang yang berkaitan dengan nominasi dan        carrying out its functions and responsibilities in matters related
remunerasi terhadap anggota Direksi dan Dewan Komisaris.         to the nomination and remuneration of members of the Board
Selama tahun 2025, Komite Remunerasi dan Nominasi telah          of Directors and the Board of Commissioners. During 2025,
melaksanakan rapat sebanyak 7 (tujuh) kali dengan membahas       the Remuneration and Nomination Committee held 7 (seven)
antara lain:                                                     meetings, discussing among others:
1. Penelaahan dan pemberian rekomendasi atas usulan              1. Review and recommendation on the proposed changes to
    perubahan struktur organisasi satu tingkat di bawah              the organizational structure one level below the Board of
    Direksi;                                                         Directors;
2. Penelaahan dan pemberian rekomendasi terkait remunerasi       2. Review and recommendation regarding remuneration for the
    bagi Direksi dan Dewan Komisaris, termasuk gaji atau             Board of Directors and the Board of Commissioners, including
    honorarium, tantiem, serta fasilitas dan tunjangan lainnya       salaries or honoraria, tantiem, as well as other facilities and
    sesuai dengan ketentuan yang berlaku;                            benefits in accordance with prevailing regulations;
3. Penelaahan dan pemberian rekomendasi atas usulan              3. Review and recommendation on the proposed candidates
    calon anggota Dewan Komisaris dan Direksi Bank Mandiri           for members of the Board of Commissioners and the Board
    Taspen.                                                          of Directors of Bank Mandiri Taspen.

Komite Pemantau Risiko memiliki tugas dan tanggung jawab         The Risk Monitoring Committee has duties and responsibilities
dalam melakukan pengawasan atas penerapan manajemen              in supervising the implementation of the Company’s risk
risiko Perseroan tetap memenuhi unsur-unsur kecukupan            management and continues to fulfill the elements of adequate
prosedur dan metodologi pengelolaan risiko, sehingga kegiatan    risk management procedures and methodologies, so that
usaha Bank tetap dapat terkendali pada batas/limit yang dapat    the Bank’s business activities can remain controlled within
diterima dan menguntungkan. Selama tahun 2025, Komite            acceptable and profitable limits. In 2025, the Risk Monitoring
Pemantau Risiko telah melaksanakan rapat sebanyak 12 (dua        Committee held 12 (twelve) meetings, discussing:
belas) kali dengan membahas:
1. Evaluasi implementasi pengelolaan 8 (delapan) jenis risiko    1. Evaluation of the implementation of the management of the
     yang dihadapi Bank.                                            eight (8) types of risks faced by the Bank.
2. Evaluasi kepatuhan Bank terhadap peraturan perundang-         2. Evaluation of the Bank’s compliance with applicable laws
     undangan yang berlaku, termasuk penerapan Program Anti         and regulations, including the implementation of the Anti-
     Pencucian Uang dan Pencegahan Pendanaan Terorisme              Money Laundering and Counter-Terrorism Financing (AML/
     (APU PPT).                                                     CTF) Program.
3. Pemberian arahan dan rekomendasi kepada Dewan                 3. Provision of directions and recommendations to the Board
     Komisaris dalam rangka memperkuat penerapan                    of Commissioners in order to strengthen the implementation
     manajemen risiko dan kepatuhan Bank.                           of the Bank’s risk management and compliance.


Mekanisme Pemberhentian dan Pengunduran                          Mechanism of Termination and Return of the
Diri Dewan Komisaris                                             Board of Commissioners

Sesuai ketentuan Anggaran Dasar Pasal 15 Ayat 8, anggota         Following the Articles of Association Article 15 Paragraph 8, a
Dewan Komisaris berhak mengundurkan diri dari jabatannya         member of the Board of Commissioners has the right to resign
dengan memberitahukan secara tertulis kepada perusahaan          from his position by giving written notification to the company
paling kurang 30 (tiga puluh) hari sebelum tanggal pengunduran   at least 30 (thirty) days before his resignation. Furthermore,
dirinya. Selanjutnya dalam jangka 90 (sembilan puluh) hari       within 90 (ninety) days after the vacancy occurs, a GMS must
sejak terjadinya lowongan harus diselenggarakan RUPS untuk       be held to fill it with due observance of the laws and regulations
mengisinya dengan memperhatikan peraturan perundang-             and the Articles of Association.
undangan dan Anggaran Dasar.


Pengunduran diri dapat disampaikan kurang dari 30 (tiga          The resignation can be submitted by less than 30 (thirty) days if
puluh) dalam hal terdapat penugasan yang bersangkutan oleh       there is a relevant assignment by the competent government or
pemerintah yang berwenang atau pemegang saham mayoritas          the majority shareholder of the Company’s Shareholders.
dari Pemegang Saham Perseroan.


2025 Annual Report                                                                                                       555
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Jabatan anggota Dewan Komisaris berakhir apabila:                  The position of a member of the Board of Commissioners ends
                                                                   when:
1. Kehilangan kewarganegaraan Indonesia.                           1. Loss of Indonesian citizenship.
2. Mengundurkan diri.                                              2. Resigned.
3. Tidak lagi memenuhi persyaratan perundang-undangan              3. No longer fulfills the requirements of applicable laws and
   yang berlaku.                                                      regulations.
4. Meninggal dunia.                                                4. Passed away.
5. Diberhentikan berdasarkan keputusan RUPS.                       5. Dismissed based on the decision of the GMS.


Dalam hal terdapat penambahan anggota Dewan Komisaris,             In the event that there is an additional member of the Board
maka masa jabatan anggota Dewan Komisaris tersebut akan            of Commissioners, the term of office of the member of the
berakhir bersamaan dengan berakhirnya jabatan anggota              Board of Commissioners will end simultaneously with the end
Dewan Komisaris lainnya yang telah ada, kecuali Rapat Umum         of the position of the other existing members of the Board of
Pemegang Saham menentukan lain.                                    Commissioners, unless the General Meeting of Shareholders
                                                                   determines otherwise.


Nominasi dan Remunerasi Dewan Komisaris                            Nomination and Remuneration of the Board
dan Direksi                                                        of Commissioners and Board of Directors

Prosedur Nominasi Dewan Komisaris                                  Board of Commissioners and Board of Directors
dan Direksi                                                        Nomination Procedures

Kebijakan Nominasi Dewan Komisaris dan Direksi pada                The Nomination Policy for the Board of Commissioners and
ketentuan internal mengacu pada Anggaran Dasar Bank                Directors in internal regulations refers to the Articles of
Mandiri Taspen, Standar Prosedur Tata Kelola Perusahaan dan        Association of Bank Mandiri Taspen, Standard Corporate
Piagam Komite Remunerasi dan Nominasi.                             Governance procedures and the Remuneration and Nomination
                                                                   Committee Charter.


Prosedur Penetapan Talent Pool Direksi dan Komisaris               Procedure for the Establishment of the Talent Pool for the
                                                                   Board of Directors and Board of Commissioners
Pejabat satu level di bawah Direksi memiliki hak yang sama untuk   Officials one level below the Board of Directors had equal rights
dinominasikan menjadi Direksi atau anggota Dewan Komisaris.        to be nominated as members of the Board of Directors or the
Bank telah memiliki pedoman untuk menjaring kandidat yang          Board of Commissioners. The Bank had established guidelines
potensial yang dilaksanakan oleh Komite Remunerasi dan             to identify potential candidates, which were implemented
Nominasi di bawah Dewan Komisaris menjadi data talent pool.        by the Remuneration and Nomination Committee under the
Komite Remunerasi dan Nominasi akan mengidentifikasi calon         Board of Commissioners to form a talent pool database. The
yang memenuhi kriteria dengan mengidentifikasi calon-calon         Remuneration and Nomination Committee identified candidates
Direksi baik dari dalam maupun dari luar dan calon komisaris       who met the criteria by assessing prospective members of the
yang memenuhi syarat untuk diajukan atau diangkat menjadi          Board of Directors, both from internal and external sources, as
Direktur, Komisaris atas dasar Saran dari Komite Remunerasi        well as prospective Commissioners who met the requirements
dan Nominasi menyampaikan usulan calon kepada Pemegang             to be proposed or appointed as Directors or Commissioners.
Saham. Dewan Komisaris meninjau secara berkala pelaporan           Based on the recommendations of the Remuneration and
pelaksanaan rencana pengembangan dan suksesi.                      Nomination Committee, proposals of candidates were
                                                                   submitted to the Shareholders. The Board of Commissioners
                                                                   periodically reviewed reports on the implementation of
                                                                   development and succession plans.


Calon Dewan Komisaris dan Direksi yang dinominasikan harus         The nominated candidates for the Board of Commissioners and
memenuhi persyaratan yang ditentukan dalam anggaran dasar          the Board of Directors had to meet the requirements specified
Bank dan peraturan perundangan-undangan yang berlaku               in the Bank’s articles of association and the prevailing laws and
dengan melakukan seleksi sesuai dengan yang dipersyaratkan         regulations by conducting a selection in accordance with those
oleh peraturan tersebut.                                           required by these regulations.




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                                                                                                    PT Bank Mandiri Taspen




Prosedur nominasi Dewan Komisaris dan Direksi dilakukan      The nomination procedure for the Board of Commissioners and
sebagai berikut:                                             the Board of Directors was carried out as follows:
1. Komite Remunerasi dan Nominasi mengidentifikasi calon     1. The Remuneration and Nomination Committee identified
    yang memenuhi kriteria;                                      candidates who meet the criteria and considering the
                                                                 Bank’s strategy;
2. Dewan Komisaris atas dasar saran dari Komite Remunerasi   2. The Board of Commissioners on the basis of advice from
   dan Nominasi menyampaikan usulan calon kepada                 the Remuneration and Nomination Committee submited
   Pemegang Saham;                                               candidate proposals to Shareholders;
3. Pelaksanaan seleksi dilaksanakan sebelum masa jabatan     3. The selection was carried out before the end of the term of
   berakhir atau diminta Dewan Komisaris;                        office or requested by the Board of Commissioners;
4. Calon yang direkomendasikan oleh Komite Remunerasi        4. Candidates recommended by the Remuneration &
   dan Nominasi kepada Dewan Komisaris setelah ditelaah          Nomination Committee to the Board of Commissioners
   kemudian diusulkan kepada pemegang saham untuk                after being reviewed were then proposed to shareholders
   diangkat atau ditetapkan dalam RUPS.                          to be appointed or appointed in the GMS.


Prosedur Penetapan Remunerasi                                Remuneration Determination Procedure

Penetapan remunerasi Dewan Komisaris dan Direksi dilakukan   The remuneration of the Board of Commissioners and the
dengan tata cara sebagai berikut:                            Board of Directors was determined in the following manner:
1. Komite Remunerasi dan Nominasi melakukan kajian           1. The Remuneration and Nomination Committee reviewed the
   remunerasi bagi anggota Dewan Komisaris dan Direksi.         remuneration for members of the Board of Commissioners
                                                                and the Board of Directors.
2. Komite Remunerasi dan Nominasi melakukan koordinasi       2. The Remuneration and Nomination Committee coordinated
   dengan Direktur dan Pejabat yang membidangi Human            with the Director and Officer in charge of Human Capital
   Capital serta unit kerja terkait dalam rangka menyusun       and related work units in order to prepare the Remuneration
   usulan Remunerasi.                                           proposal.
3. Dalam menetapkan kebijakan remunerasi paling kurang       3. In setting the remuneration policy, at least pay attention to:
   memperhatikan:
   a. Kinerja keuangan dan pemenuhan cadangan;                  a. Financial performance and reserve fulfillment;
   b. Prestasi kerja individual;                                b. Individual work performance;
   c. Kewajaran dengan peer division;                           c. Fairness with peer division;
   d. Pertimbagan sasaran dan strategi jangka panjang bank      d. Consideration of the bank’s long-term goals and strategies
4. Komite Remunerasi dan Nominasi berdasarkan kajian         4. The Remuneration and Nomination Committee, based on
   menyusun rekomendasi remunerasi dan kemudian                 the study, prepared remuneration recommendations and
   disampaikan kepada Dewan Komisaris dan Direksi.              then submited them to the Board of Commissioners and
                                                                the Board of Directors.
5. Dewan Komisaris menyampaikan usulan dan rekomendasi       5. The Board of Commissioners submited proposals and
   atas dasar kajian Komite Remunerasi dan Nominasi kepada      recommendations based on the review of the Remuneration
   RUPS untuk memperoleh persetujuan.                           and Nomination Committee to the GMS for approval.
6. Usulan dan rekomendasi Dewan Komisaris kepada RUPS        6. The proposals and recommendations of the Board of
   dapat berupa:                                                Commissioners to the GMS could be in the form of:
   a. Persetujuan mengenai bentuk dan besaran Remunerasi;       a. Approval on the form and amount of Remuneration; or
       atau
   b. Persetujuan untuk diberikan kewenangan kepada              b. Approval to be given authority to the Board of
       Dewan Komisaris dalam menetapkan bentuk dan                  Commissioners in determining the form and amount of
       besaran remunerasi.                                          remuneration.


Indikator Penetapan Remunerasi Dewan                         Indicators for Determining the Remuneration
Komisaris dan Direksi                                        of the Board of Commissioners and Board of
                                                             Directors

Indikator penetapan remunerasi Dewan Komisaris dan Direksi   The indicators for determining remuneration for the Board of
Bank Mandiri Taspen mengacu pada Peraturan Otoritas          Commissioners and Board of Directors of Bank Mandiri Taspen
Jasa Keuangan Nomor 45/POJK.03/2015 tentang Penerapan        referred to the OJK Regulation Number 45/POJK.03/2015
Tata Kelola dalam Pemberian Remunerasi bagi Bank Umum        concerning the Implementation of Governance in Providing
serta Peraturan Peraturan Menteri Badan Usaha Milik Negara   Remuneration for Commercial Banks and the Regulation of




2025 Annual Report                                                                                                 557
Page 558
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Corporate Governance




Republik Indonesia Nomor PER-12/MBU/11/2020 Tentang                    the Minister of State Owned Enterprises of the Republic of
Perubahan Kelima Atas Peraturan Menteri Badan Usaha                    Indonesia Number PER-12/ MBU /11/2020 Regarding the Fifth
Milik Negara Nomor PER-04/MBU/2014 Tentang Pedoman                     Amendment to the Regulation of the Minister of StateOwned
Penetapan Penghasilan Direksi, Dewan Komisaris, dan Dewan              Enterprises    Number       PER-04/MBU/2014         concerning
Pengawas Badan Usaha Milik Negara yang juga diberlakukan               Guidelines for Determining the Income of Directors, Board
untuk perusahaan anak BUMN.                                            of Commissioners, and Supervisory Board of State-Owned
                                                                       Enterprises which also applied to SOE subsidiaries.


Bank Mandiri Taspen telah memiliki Kebijakan Remunerasi                Bank Mandiri Taspen had a Remuneration Policy revised several
yang telah beberapa kali di revisi dengan revisi terakhir tanggal      times with the latest revision on March 19, 2020. The current
19 Maret 2020. Kebijakan remunerasi yang telah ditetapkan              remuneration policy regulated the remuneration of the Board
saat ini mengatur terkait remunerasi Dewan Komisaris, Direksi          of Commissioners, Directors and employees at certain levels to
dan juga pegawai di level tertentu untuk ditetapkan sebagai            be determined as material risk takers. Determination of material
material risk taker. Penetapan material risk taker dilakukan           risk takers was carried out using a qualitative and quantitative
dengan menggunakan pendekatan kualittatif dan kuantitatif.             approach.


Dalam penetapan remunerasi karyawan, Pejabat Eksekutif,                In determining the remuneration of employees, Executive Officers,
Direksi dan Dewan Komisaris, Komite Remunerasi                         Directors and Board of Commissioners, the Remuneration and
mempertimbangkan beberapa hal, antara lain:                            Nomination Committee considers several things, including:
1. Hasil benchmarking remunerasi karyawan, pejabat                     1. The results of benchmarking the remuneration of
    eksekutif, aggota Direksi dan anggota Dewan Komisaris                 employees, executive officers, members of the Board of
    dengan industri sejenis (peer group).                                 Directors and members of the Board of Commissioners
                                                                          with similar industries (peer group).
2. Kompleksitas dari operasi Bank dan kinerja jangka panjang           2. The complexity of the Bank’s operations and the Bank’s
   Bank.                                                                  long-term performance
3. Remunerasi terdiri dari gaji/honorarium dan benefit yang            3. Remuneration consisted of salary/honorarium and benefits
   bisa distandarisasi yaitu Tunjangan Hari Raya Cuti Tahunan             that could be standardized, namely Annual Leave Holiday
   (THR), Rumah Dinas, Kendaraan Dinas, Fasilitas Kesehatan               Allowance (THR), Official House, Official Vehicle, Health
   dan Utilities serta benefit lainnya. Sedangkan remunerasi              Facilities and Utilities and other benefits. Meanwhile,
   yang berdasarkan kinerja adalah bonus/insentif untuk                   remuneration based on performance is bonuses/incentives
   karyawan dan tantiem untuk Direksi dan Dewan Komisaris.                for employees and bonuses for the Board of Directors and
                                                                          the Board of Commissioners.


Struktur dan Jumlah Nominal/Komponen                                   Structure and Amount of Remuneration of the
Remunerasi Dewan Komisaris dan Direksi                                 Board of Commissioners and Board of Directors

Remunerasi Dewan Komisaris dan Direksi diberikan dengan                The remuneration of the Board of Commissioners and the
memperhatikan pada ketentuan remunerasi yang berlaku, yaitu            Board of Directors was given by considering the applicable
dalam bentuk:                                                          remuneration provisions, namely in the form of:
1. Remunerasi yang bersifat tetap, yaitu remunerasi yang               1. Fixed remuneration, namely remuneration that was
    tidak dikaitkan dengan kinerja dan risiko, antara lain gaji/          not related to performance and risk, including salary/
    honorarium, fasilitas, tunjangan perumahan, tunjangan                 honorarium, facilities, housing allowance, health allowance,
    kesehatan, tunjangan pendidikan, tunjangan hari raya dan              education allowance, holiday allowance and post-service
    santunan purna jabatan. Remunerasi yang berupa Gaji/                  benefits. Remuneration in the form of Salary/Honorarium,
    Honorarium, Fasilitas, Tunjangan dan santunan purna                   Facilities, Allowances and post-service benefits was given
    jabatan diberikan dalam bentuk tunai.                                 in cash.
2. Remunerasi yang bersifat variabel, yaitu remunerasi yang            2. Variable remuneration, namely remuneration related
    dikaitkan dengan kinerja dan risiko, antara lain Bonus, Tantiem/      to performance and risk, including bonuses, bonuses/
    Insentif Kinerja atau bentuk lainnya yang dipersamakan                performance incentives or other equivalent forms.
    dengan itu. Remunerasi yang berupa Bonus, Tantiem, Insentif           Remuneration in the form of Bonuses, Bonuses, Incentives
    dapat diberikan dalam bentuk tunai, saham, atau instrumen             could be given in the form of cash, shares, or share-based
    yang berbasis saham yang diterbitkan oleh Perseroan dengan            instruments issued by the Company with special provisions
    ketentuan khusus untuk Dewan Komisaris diberikan dalam                for the Board of Commissioners given in cash to avoid
    bentuk tunai untuk menghindari unsur benturan kepentingan             elements of conflict of interest in carrying out supervision.
    dalam menjalankan pengawasan.




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                                                                                                               PT Bank Mandiri Taspen




Struktur penetapan remunerasi Dewan Komisaris dan Direksi          The structure for determining the remuneration for the Board of
adalah sebagai berikut:                                            Commissioners and the Board of Directors is as follows:


Tabel Struktur Remunerasi Dewan Komisaris dan Direksi
Table of Remuneration structure for the Board of Commissioners and the Board of Directors

                                                                                    Ketentuan
                                                                                    Provision
                   Jenis Penghasilan
 No
                      Income Type
                                                       Dewan Komisaris                                       Direksi
                                                     Board of Commissioners                             Board of Directors

                                              Besarnya faktor jabatan
                                              Komisaris Utama 45% dari Direktur Utama
                                              Komisaris 90% dari Komisaris Utama            Anggota Direksi 85% dari Direktur Utama
       Honorarium/Gaji
  1                                           The size of the job factor President          Members of the Board of Directors 85% of
       Honorarium/Salary
                                              Commissioner 45% of President Director        the President Director
                                              Commissioner 90% of President
                                              Commissioner

       Tunjangan
       Allowances

       Tunjangan Hari Raya Keagamaan          1 (satu) kali honorarium                      1 (satu) kali gaji
       Religious Holiday Allowance            1 (one) time honorarium                       1 (one) time honorarium

       Tunjangan transportasi                 Sebesar 20% dari honorarium                   Tidak diberikan
       Transportation Allowance               20% of the honorarium                         Not given

       Tunjangan Cuti Tahunan                 Tidak diberikan                               Tidak diberikan
       Annual Leave Allowance                 Not given                                     Not given

                                              Premi asuransi maksimal 25% dari
                                                                                            Premi asuransi maksimal 25% dari gaji/tahun
  2    Santunan Purna Jabatan                 honorarium/tahun
                                                                                            Maximum insurance premium of 25%
       Retirement Compensation                Maximum insurance premium of 25%
                                                                                            honorarium/ year
                                              honorarium/ year

                                                                                            Diberikan secara bulanan sebesar
       Tunjangan Perumahan                    Tidak diberikan                               maksimal 40% dari gaji
       Housing Benefit                        Not given                                     Given monthly at a maximum of 40% of
                                                                                            salary

                                              Dapat diberikan pakaian seragam sesuai        Dapat diberikan pakaian seragam sesuai
                                              ketentuan dan bila ada acara-acara khusus     ketentuan dan bila ada acara-acara khusus
       Tunjangan Pakaian Dinas                yang memerlukan pakaian khusus.               yang memerlukan pakaian khusus.
       Service Clothing Allowance             Uniforms may be provided in accordance        Uniforms may be provided in accordance
                                              with applicable regulations, as well as for   with applicable regulations, as well as for
                                              special events that require specific attire   special events that require specific attire

       Fasilitas
       Facility

                                                                                            Diberikan 1(satu) kendaraan dinas yang
                                              Diberikan dalam bentuk tunjangan
                                                                                            diberikan dalam bentuk sewa sesuai kriteria
       Fasilitas Kendaraan Dinas              transportasi sebesar 20% dari honorarium
                                                                                            yang telah ditetapkan
  3    Service Vehicle Facilities             Given in the form of a transportation
                                                                                            1 (one) official vehicle is given in the form of
                                              allowance of 20% of the honorarium
                                                                                            rental according to predetermined criteria

                                              Diberikan dalam bentuk asuransi               Diberikan dalam bentuk asuransi
       Fasilitas Kesehatan
                                              kesehatan                                     kesehatan
       Medical Facilities
                                              Provided in the form of health insurance      Provided in the form of health insurance

       Fasilitas Perkumpulan Profesi          Tidak diberikan                               Maksimum 2 (dua) keanggotaan
       Professional Association Facilities    Not given                                     Maximum 2 (two) memberships

                                              Diberikan merujuk pada ketentuan tentang      Diberikan merujuk pada ketentuan tentang
                                              bantuan hukum bagi perusahaan BUMN            bantuan hukum bagi perusahaan BUMN
                                              sebagaimana diatur dalam Peraturan            sebagaimana diatur dalam Peraturan
       Fasilitas Bantuan Hukum                menteri BUMN                                  menteri BUMN
       Legal Aid Facilities                   Given referring to the provisions regarding   Given referring to the provisions regarding
                                              legal assistance for BUMN companies           legal assistance for BUMN companies
                                              as regulated in the Minister of BUMN          as regulated in the Minister of BUMN
                                              Regulations                                   Regulations

       Fasilitas Komunikasi                   At Cost maksimal Rp1.000.000,-                At Cost maksimal Rp1.500.000,-
       Communication Facilities               At Cost maximum IDR1,000,000                  At Cost maximum IDR1.500.000




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Struktur dan jumlah remunerasi Dewan Komisaris dan Direksi                               The structure and amount of remuneration for the Board of
adalah sebagai berikut:                                                                  Commissioners and the Board of Directors were as follows:


Tabel Remunerasi Dewan Komisaris
Table of Board of Commissioners Remuneration


                                                                                                                  Tunjangan rutin,
                                                                                               THR
                                                                                                               kesehatan, transportasi
        Nama                             Jabatan                     Honorarium              Holiday
                                                                                                                   Routine, Health,                      Tantiem
        Name                             Position                    Honorarium             Allowance
                                                                                                                 and Transportation
                                                                                              (THR)
                                                                                                                     Allowances

                           Komisaris Utama Independen
 Junaidi Hisom**           Independent President                                                 -                                                          -
                           Commissioner

                           Komisaris Independen
 Boedi Armanto                                                                                                                                             -
                           Independent Commissioner

                           Komisaris
 Suhajar Diantoro*                                                                               -                                                          -
                           Commissioner

                           Komisaris Independen
 Prasetio**                                                                                      -                                                          -
                           Independent Commissioner

                           Komisaris Independen
 Marjana***                                                                                      -                                                          -
                           Independent Commissioner

                           Komisaris Independen
 Suwartini**                                                                                     -                                                          -
                           Independent Commissioner

 Edi Eko                   Komisaris                                                             -                                                          -
 Cahyono***                Commissioner

                           Komisaris Utama
 Mustaslimah****                                                                                                                                           -
                           President Commissioner

 Hendrika Nora             Komisaris                                                                                                                       -
 Osloi Sinaga*****         Commissioner

Keterangan / Note:
*)     Dialihkan tugas dari Komisaris Independen menjadi Komisaris Non Independen yang ditetapkan berdasarkan Keputusan Sirkuler Pemegang Saham tertanggal 27 Juni
       2024 dan efektif menjabat setelah lulus fit & proper oleh Otoritas Jasa Keuangan / Appointed based on the Shareholders’ Resolution dated June 27, 2023 and effective
       upon passing the Fit and Proper Test conducted by Otoritas Jasa Keuangan.
**)    Telah diangkat berdasarkan Keputusan Sirkuler Pemegang Saham tanggal 4 Desember 2025 dan telah lulus Penilaian Kemampuan & Kepatutan oleh Otoritas Jasa Keuangan /
       Appointed based on the Shareholders’ Resolution dated December 4, 2025 and effective upon passing the Fit and Proper Test conducted by Otoritas Jasa Keuangan.
***) Telah diangkat berdasarkan Keputusan Sirkuler Pemegang Saham tanggal 4 Desember 2025 dan masih dalam proses Penilaian Kemampuan & Kepatutan oleh Otoritas
       Jasa Keuangan / Appointed based on the Shareholders’ Circular Decision dated December 4, 2025 and is still in the process of Fit & Proper Assessment by Otoritas Jasa
       Keuangan.
****) Telah diberhentikan berdasarkan Keputusan Sirkuler Pemegang Saham tanggal 04 Desember 2025 yang diaktakan dengan Akta Notaris Nomor 25 Tanggal 18 Desember
       2025 / Has been dismissed based on the Circular Decision of Shareholders dated December 4, 2025 which was notarized by Notarial Deed Number 25 dated December
       18, 2025
*****) Telah diberhentikan dengan hormat berdasarkan Keputusan Sirkuler Pemegang Saham tanggal 25 September 2025 yang diaktakan dengan Akta Notaris 25 September 2025 /
       Has been honorably dismissed based on the Circular Decision of Shareholders dated September 25, 2025 which was notarized by Notarial Deed of September 25, 2025.



Tabel Remunerasi Direksi
Table of Board of Directors Remuneration


                                                                                                                  Tunjangan rutin,
                                                                                               THR
                                                                                                               kesehatan, transportasi
        Nama                             Jabatan                          Gaji               Holiday
                                                                                                                   Routine, Health,                      Tantiem
        Name                             Position                        Salary             Allowance
                                                                                                                 and Transportation
                                                                                              (THR)
                                                                                                                     Allowances

                           Direktur Utama
 Panji Irawan*                                                                                   -                                                          -
                           President Director

 Rudi As                   Wakil Direktur Utama                                                  -                                                          -
 Aturridha**               Vice President Director

                           Direktur Compliance
                           & Human Resource
 Rio Lanasier*                                                                                   -                                                          -
                           Director of Compliance &
                           Human Resources




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                                                                                                               Tunjangan rutin,
                                                                                            THR
                                                                                                            kesehatan, transportasi
        Nama                            Jabatan                          Gaji             Holiday
                                                                                                                Routine, Health,                     Tantiem
        Name                            Position                        Salary           Allowance
                                                                                                              and Transportation
                                                                                           (THR)
                                                                                                                  Allowances

 Henrisa Yunan             Direktur IT & Digital                                               -                                                        -
 Lubis**                   Director of IT & Digital

                           Direktur Keuangan & Risk
 Rima Cahyani*                                                                                 -                                                        -
                           Director of Finance & Risk

 Mahrauza                  Direktur Bisnis                                                     -                                                        -
 Purnaditya**              Director of Business

 Rizky Olyvia              Direktur Funding                                                    -                                                        -
 Nasution**                Director of Funding

                           Direktur Transformasi dan
 Noer                      Pengembangan Usaha                                                  -                                                        -
 Fajrieansyah**            Director of Transformation and
                           Business Development

 Elmamber Petamu           Direktur Utama                                                                                                              -
 Sinaga***                 President Director

 Maswar                    Direktur Business                                                                                                           -
 Purnama****               Director of Business

                           Direktur IT & Digital
 Widi Nugroho****                                                                                                                                      -
                           Director of IT & Digital

                           Direktur Finance, Risk
 Putu                      & Operations                                                                                                                -
 Apriyanto****             Director of Finance, Risk &
                           Operations

                           Direktur Compliance & Control
 Resi Lora****             Director of Compliance &                                                                                                    -
                           Control

Keterangan / Note:
*)    Telah diangkat berdasarkan keputusan sirkuler Pemegang Saham tanggal 04 Desember 2025 dan telah lulus Penilaian Kemampuan & Kepatutan oleh Otoritas Jasa
      Keuangan / Appointed based on the Circular Resolution of the Shareholders dated December 4, 2025 and has passed the Fit and Proper Test conducted by Otoritas Jasa
      Keuangan.
**) Telah diangkat berdasarkan keputusan sirkuler Pemegang Saham tanggal 04 Desember 2025 dan masih dalam proses Penilaian Kemampuan & Kepatutan oleh Otoritas
      Jasa Keuangan / Appointed based on the Circular Resolution of the Shareholders dated December 4, 2025 and is currently in the process of the Fit and Proper Test
      conducted by Otoritas Jasa Keuangan.
***) Telah mengundurkan diri efektif pada tanggal 27 Juni 2025 dan telah ditetapkan dalam RUPSLB tanggal 25 September 2025 / Resigned effective June 27, 2025 and has
      been resolved at the Extraordinary General Meeting of Shareholders (EGMS) held on September 25, 2025.
****) Telah diberhentikan berdasarkan Keputusan Sirkuler Pemegang Saham tanggal 04 Desember 2025 yang diaktakan dengan Akta Notaris Nomor 25 Tanggal 18 Desember
      2025 / Dismissed based on the Circular Resolution of the Shareholders dated December 4, 2025, as stipulated in Notarial Deed No. 25 dated December 18, 2025.



Kebijakan Keberagaman Direksi dan Dewan                                                Board of Directors and Board of
Komisaris                                                                              Commissioners Diversity Policy

Kebijakan keberagaman komposisi Dewan Komisaris dan                                    The policy on the diversity of the composition of the Board of
Direksi yang diterapkan oleh Bank Mandiri Taspen telah                                 Commissioners and Directors implemented by Bank Mandiri
mengacu pada Kebijakan pengurusan perusahaan anak                                      Taspen has referred to the policy on the management of
oleh induk serta pada Perjanjian Antar Pemegang Saham                                  subsidiary companies by the parent as well as the Agreement
Nomor: DIR.PKS/093/2014, Nomor: JAN-18/DIR/2014, dan                                   between Shareholders Number: DIR.PKS/093/2014, Number:
Nomor: PKS139/DIRUT/0814, tertanggal 21 Agustus 2014,                                  JAN-18/ DIR/2014, and Number : PKS139/DIRUT/0814,
sebagaimana telah diubah dengan Perubahan atas Perjanjian                              dated August 21, 2014, as amended by Amendment to the
Pemegang Saham Nomor: CEO.PKS/016/2015, Nomor: JAN-                                    Shareholder Agreement Number: CEO.PKS/016/2015, Number:
99/DIR/2015, dan Nomor: PKS.67/DIRUT/0415, tertanggal                                  JAN-99/DIR/2015, and Number: PKS.67/DIRUT/ 0415, dated
30 April 2015.                                                                         April 30, 2015.


Dalam penetapan anggota Dewan Komisaris dan Direksi,                                   In determining the members of the Board of Commissioners
sesuai kebijakan Pemegang Saham, telah mempertimbangkan                                and Board of Directors, according to the Shareholders’ policy,
keberagaman komposisi menyesuaikan dengan kebutuhan                                    have considered the diversity of the composition according to
dan kompleksitas Bank Mandiri Taspen sehingga diharapkan                               the needs and complexity of Bank Mandiri Taspen so that it is




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dalam pengembangan Bank Mandiri Taspen        maupun                  expected that in the development of Bank Mandiri Taspen as
dalam penyelesaian terhadap suatu permasalahan dapat                  well as in solving a problem can be considered from various
dipertimbangkan dari berbagai perspektif pendidikan,                  perspectives of education, competence and experience
kompetensi dan pengalaman yang dimiliki.                              possessed.


Pada periode 2025, keberagaman komposisi Direksi yang                 In the 2024 period, the diversity of the composition of the
tercermin dalam pendidikan, pengalaman kerja, usia dan jenis          Board of Directors reflected in education, work experience, age
kelamin, dapat dilihat sebagaimana dalam tabel di bawah ini:          and gender, can be seen in the table below:


Tabel Keberagaman Komposisi Direksi
Table of Diversity in the Composition of the Board of Directors


                                                         Jenis
       Nama                 Jabatan            Usia                       Pendidikan              Pengalaman Kerja         Keahlian
                                                        Kelamin
       Name                 Position           Age                         Education               Work experience         Expertise
                                                        Gender

                                                                  •   Sarjana Agricultural &
                                                                      Resource Economics
                                                                  •   Master of Business
                                                                                                  Memiliki pengalaman
                                                                      Administration in Risk                              Treasury dan
                                             60 tahun                                             kerja di bidang
                       Direktur Utama                   Pria          Management                                          perbankan
 Panji Irawan*                               60 years                                             perbankan
                       President Director               Male      •   Bachelor of Agricultural                            Treasury and
                                             old                                                  Have work
                                                                      & Resource Economics                                Banking
                                                                                                  experience in banking
                                                                  •   Master of Business
                                                                      Administration in Risk
                                                                      Management

                                                                                                  Memiliki pengalaman
                       Wakil Direktur                             •   Sarjana Ekonomi
                                             53 tahun                                             kerja di bidang
 Rudi As               Utama                            Pria      •   Magister Ekonomi                                    Manajemen
                                             53 years                                             perbankan
 Aturridha**           Vice President                   Male      •   Bachelor of Economics                               Management
                                             old                                                  Have work
                       Director                                   •   Master of Economics
                                                                                                  experience in banking

                       Direktur                                   •   Sarjana Teknik Sipil
                                                                                                  Memiliki pengalaman
                       Compliance &                               •   Master Teknik Sipil
                                             50 tahun                                             kerja di bidang
                       Human Resource                   Pria      •   Bachelor of Civil
 Rio Lanasier*                               50 years                                             perbankan               Treasury
                       Director                         Male          Engineering
                                             old                                                  Have work
                       ofCompliance &                             •   Master of Civil
                                                                                                  experience in banking
                       Human Resource                                 Engineering

                                                                  •   Bachelor of Science in
                                                                      Engineering
                                                                  •   Master of Science
                                                                      (Finance)
                                                                  •   Doctor of Science
                                                                                                  Memiliki pengalaman
                       Direktur IT                                    (Engineering                                        Teknologi
                                             56 tahun                                             kerja di bidang
 Henrisa Yunan         & Digital                        Pria          Management)                                         Informasi
                                             56 years                                             perbankan
 Lubis**               Director of IT                   Male      •   Bachelor of Science in                              Information
                                             old                                                  Have work
                       & Digital                                      Engineering                                         Technology
                                                                                                  experience in banking
                                                                  •   Master of Science
                                                                      (Finance)
                                                                  •   Doctor of Science
                                                                      (Engineering
                                                                      Management)

                                                                  •   Sarjana Hubungan
                                                                      Internasional
                                                                                                  Memiliki pengalaman
                       Direktur Keuangan                          •   Master of Business
                                             43 tahun                                             kerja di bidang
                       & Risk                           Wanita        innovation                                          Keuangan
 Rima Cahyani*                               43 years                                             perbankan
                       Director of Finance              Female    •   Bachelor of International                           Finance
                                             old                                                  Have work
                       & Risk                                         Relations
                                                                                                  experience in banking
                                                                  •   Master of Business
                                                                      Innovation




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                                                       Jenis
       Nama               Jabatan            Usia                       Pendidikan              Pengalaman Kerja          Keahlian
                                                      Kelamin
       Name               Position           Age                         Education               Work experience          Expertise
                                                      Gender

                                                                •   Sarjana Akuntansi
                                                                                                Memiliki pengalaman
                                                                •   Magister Manajemen                                   Bisnis
                     Direktur Bisnis       55 tahun                                             kerja di bidang
 Mahrauza                                             Pria          Agribisnis                                           Perbankan
                     Director of           55 years                                             perbankan
 Purnaditya**                                         Male      •   Bachelor of Accounting                               Banking
                     Business              old                                                  Have work
                                                                •   Master of Agribusiness                               Business
                                                                                                experience in banking
                                                                    Management

                                                                •   Sarjana Ilmu Hubungan
                                                                                                Memiliki pengalaman
                                                                    Internasional
                                           37 tahun                                             kerja di bidang
 Rizky Olyvia        Direktur Funding                 Wanita    •   Magister Manajemen
                                           37 years                                             perbankan                Funding
 Nasution**          Director of Funding              Female    •   Bachelor of International
                                           old                                                  Have work
                                                                    Relations
                                                                                                experience in banking
                                                                •   Master of Management

                                                                •   Sarjana Risk
                                                                    Management
                     Direktur                                   •   Sarjana Hukum
                     Transformasi dan                           •   Master of Public Policy     Memiliki pengalaman
                     Pengembangan          42 tahun             •   Doktor Ilmu Administrasi    kerja di bidang
 Noer                Usaha                 42 years   Pria          Publik                      lembaga keuangan         Manajemen
 Fajrieansyah**      Director of           old        Male      •   Bachelor of Risk            Had work experience      Management
                     Business                                       Management                  in the financial
                     Transformation                             •   Bachelor of Law             services industry
                     and Development                            •   Master of Public Policy
                                                                •   Doctor of Public
                                                                    Administration

                                                                                                Memiliki pengalaman
                                                                •   Sarjana Akuntansi
                                           53 Tahun                                             kerja di bidang          Manajemen
 Elmamber Petamu     Direktur Utama                   Pria      •   Magister Manajemen
                                           53 years                                             perbankan                Accounting
 Sinaga***           President Director               Male      •   Bachelor of Accounting
                                           old                                                  Have work                and Banking
                                                                •   Master of Management
                                                                                                experience in banking

                                                                •   Sarjana Teknik
                                                                    Informatika dan
                                                                    Komputer
                                                                                                Memiliki pengalaman
                                                                •   Magister Manajemen
                     Direktur Business     45 Tahun                                             kerja di bidang
 Maswar                                               Pria          Bisnis                                               Manajemen
                     Director of           45 years                                             perbankan
 Purnama****                                          Male      •   Bachelor of Information                              Management
                     Business              old                                                  Have work
                                                                    Technology and
                                                                                                experience in banking
                                                                    Computer Engineering
                                                                •   Master of Business
                                                                    Management

                                                                •   Sarjana Teknik
                                                                    Informatika
                                                                •   Master Information
                                                                    & Communication
                                                                    Technology
                                                                •   Master Commerce             Memiliki pengalaman
                     Direktur IT                                    (Business Information       kerja di bidang IT dan   Teknologi
                                           57 Tahun
                     & Digital                        Pria          System)                     Digital                  Informasi
 Widi Nugroho****                          57 years
                     Director of IT                   Male      •   Bachelor of Information     Have work                Information
                                           old
                     & Digital                                      Engineering                 experience in IT and     Technology
                                                                •   Master of Information       Digital field
                                                                    & Communication
                                                                    Technology
                                                                •   Master Commerce
                                                                    (Business Information
                                                                    System)

                                                                •   Sarjana Ekonomi
                                                                    Manajemen
                     Direktur Finance,                                                          Memiliki pengalaman
                                                                •   Master Manajemen
                     Risk & Operations     53 Tahun                                             kerja di bidang
 Putu                                                 Pria          Agribisnis                                           Manajemen
                     Director of           53 years                                             perbankan
 Apriyanto****                                        Male      •   Bachelor of Economics in                             Management
                     Finance, Risk &       old                                                  Have work
                                                                    Management
                     Operations                                                                 experience in banking
                                                                •   Master of Agribusiness
                                                                    Management




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                                                                     Jenis
        Nama                    Jabatan                Usia                                  Pendidikan                  Pengalaman Kerja              Keahlian
                                                                    Kelamin
        Name                    Position               Age                                    Education                   Work experience              Expertise
                                                                    Gender

                          Direktur                                                                                      Memiliki pengalaman
                          Compliance &                                                                                  kerja di bidang SDM          SDM dan
                                                    55 Tahun
                          Control                                  Wanita           Sarjana Statistika                  dan Keuangan                 Keuangan
 Resi Lora****                                      55 years
                          Director of                              Male             Bachelor of Statistics              Have work                    HR and
                                                    old
                          Compliance &                                                                                  experience in HR and         Finance
                          Control                                                                                       Finance

Keterangan / Note:
*)    Telah diangkat berdasarkan keputusan sirkuler Pemegang Saham tanggal 04 Desember 2025 dan telah lulus Penilaian Kemampuan & Kepatutan oleh Otoritas Jasa
      Keuangan / Appointed based on the Circular Resolution of the Shareholders dated December 4, 2025 and has passed the Fit and Proper Test conducted by Otoritas Jasa
      Keuangan.
**) Telah diangkat berdasarkan keputusan sirkuler Pemegang Saham tanggal 04 Desember 2025 dan masih dalam proses Penilaian Kemampuan & Kepatutan oleh Otoritas
      Jasa Keuangan / Appointed based on the Circular Resolution of the Shareholders dated December 4, 2025 and is currently in the process of the Fit and Proper Test
      conducted by Otoritas Jasa Keuangan.
***) Telah mengundurkan diri efektif pada tanggal 27 Juni 2025 dan telah ditetapkan dalam RUPSLB tanggal 25 September 2025 / Resigned effective June 27, 2025 and has
      been resolved at the Extraordinary General Meeting of Shareholders (EGMS) held on September 25, 2025.
****) Telah diberhentikan berdasarkan Keputusan Sirkuler Pemegang Saham tanggal 04 Desember 2025 yang diaktakan dengan Akta Notaris Nomor 25 Tanggal 18 Desember
      2025 / Dismissed based on the Circular Resolution of the Shareholders dated December 4, 2025, as stipulated in Notarial Deed No. 25 dated December 18, 2025.




Pada periode 2025, keberagaman komposisi Dewan Komisaris                                In 2025, the diversity of the Board of Commissioners’
yang tercermin dalam pendidikan, pengalaman kerja, usia dan                             composition, as reflected in education, professional experience,
jenis kelamin, dapat dilihat sebagaimana dalam tabel di bawah ini:                      age, and gender, is presented in the table below:


Tabel Keberagaman Komposisi Dewan Komisaris
Table of Diversity in Composition of the Board of Commissioners


                                                                     Jenis
        Nama                    Jabatan                Usia                                  Pendidikan                  Pengalaman Kerja              Keahlian
                                                                    Kelamin
        Name                    Position               Age                                    Education                   Work experience              Expertise
                                                                    Gender

                                                                                    •­	 Diploma Keuangan dan
                                                                                        Perbankan                                                    Operations
                          Komisaris Utama                                                                               Memiliki pengalaman
                                                                                   ­• Sarjana Manajemen                                              dan Human
                          Independen                67 tahun                                                            kerja di bidang
                                                                   Pria            ­• Magister Manajemen                                             Capital
 Junaidi Hisom**          Independent               67 years                                                            perbankan
                                                                   Male             • Diploma in Finance and                                         Operations
                          President                 old                                                                 Have work
                                                                                        Banking                                                      and Human
                          Commissioner                                                                                  experience in banking
                                                                                    • Bachelor of Management                                         Capital
                                                                                    • Master of Management

                                                                                    •   Sarjana Agronomi                Memiliki pengalaman
                                                                                    •   Magister Applied                sebagai pengawas
                          Komisaris                                                     Economics                       perbankan dan
                                                    65 tahun
                          Independen                               Pria             •   Doktor bidang Ekonomi           pemerintahan                 Ekonomi
 Boedi Armanto                                      65 years
                          Independent                              Male             •   Bachelor of Agronomy            Have experience              Economics
                                                    old
                          Commissioner                                              •   Master in Applied               as a banking
                                                                                        Economics                       and government
                                                                                    •   Doctorate in Economics          supervisor

                                                                                    •   Sarjana Ilmu
                                                                                        Pemerintahan                    Memiliki pengalaman
                                                                                    •   Magister Manajemen              manajemen dan ilmu
                                                                                                                                                     Manajemen
                                                    60 tahun                        •   Doktor Ilmu Sosial Politik      pemerintahan
                          Komisaris                                Pria                                                                              dan SDM
 Suhajar Diantoro*                                  60 years                        •   Bachelor of Political           Have work
                          Commissioner                             Male                                                                              Management
                                                    old                                 Science                         experience in
                                                                                                                                                     and HR
                                                                                    •   Master of Management            management and
                                                                                    •   Doctoreate in Political         public administration
                                                                                        Sciences

                                                                                    •   Sarjana Ekonomi
                                                                                        Akuntansi
                                                                                    •   Sarjana Ilmu Hukum
                                                                                                                        Memiliki pengalaman
                          Komisaris                                                 •   Magister Hukum Bisnis
                                                    65 tahun                                                            kerja di bidang
                          Independen                               Pria             •   Doktor Ilmu Hukum                                            Manajemen
 Prasetio**                                         65 years                                                            perbankan
                          Independent                              Male             •   Bachelor of Economics in                                     Management
                                                    old                                                                 Had work experience
                          Commissioner                                                  Accounting
                                                                                                                        in the banking sector
                                                                                    •   Bachelor of Laws
                                                                                    •   Master of Business Law
                                                                                    •   Doctor of Laws




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                                                                       Jenis
        Nama                     Jabatan                Usia                                   Pendidikan                   Pengalaman Kerja               Keahlian
                                                                      Kelamin
        Name                     Position               Age                                     Education                    Work experience               Expertise
                                                                      Gender

                                                                                      •   Sarjana Agrikultur
                                                                                                                                                        Kepatuhan
                                                                                      •   Master in Business
                                                                                                                           Memiliki pengalaman          dan
                           Komisaris                                                      Administration
                                                     60 tahun                                                              kerja di bidang              Manajemen
                           Independen                                Pria             •   Doktor Ilmu Ekonomi
 Marjana***                                          60 years                                                              perbankan                    Risiko
                           Independent                               Male             •   Bachelor of Agriculture
                                                     old                                                                   Have work                    Compliance
                           Commissioner                                               •   Master of Business
                                                                                                                           experience in banking        and Risk
                                                                                          Administration
                                                                                                                                                        Management
                                                                                      •   Doctor of Economics

                                                                                      •   Bachelor of Business
                                                                                                                                                        Kepatuhan
                                                                                          Administration
                                                                                                                           Memiliki pengalaman          dan
                           Komisaris                                                  •   Master of Business
                                                     72 tahun                                                              kerja di bidang              Manajemen
                           Independen                                Wanita               Administration
 Suwartini**                                         72 years                                                              perbankan                    Risiko
                           Independent                               Female           •   Bachelor of Business
                                                     old                                                                   Had work experience          Compliance
                           Commissioner                                                   Administration
                                                                                                                           in the banking sector        and Risk
                                                                                      •   Master of Business
                                                                                                                                                        Management
                                                                                          Administration

                                                                                      •   Diploma Akuntansi
                                                                                                                           memiliki pengalaman          TJSL
                                                                                      •   Sarjana Akuntansi
                                                     43 tahun                                                              kerja di bidang              Social and
 Edi Eko                   Komisaris                                 Pria             •   Magister Akuntansi
                                                     43 years                                                              perbankan                    Environmental
 Cahyono***                Commissioner                              Male             •   Diploma in Accounting
                                                     old                                                                   Had work experience          Responsibility
                                                                                      •   Bachelor of Accounting
                                                                                                                           in the banking sector        (TJSL)
                                                                                      •   Master of Accounting

                                                                                                                           Memiliki pengalaman          Procurement,
                           Komisaris Utama           60 Tahun                         Sarjana Teknologi Pertanian          kerja di bidang              Compliance,
                                                                     Wanita
 Mustaslimah****           President                 60 years                         Bachelor of Agricultural             perbankan                    Human
                                                                     Female
                           Commissioner              old                              Technology                           Have work                    Capital, dan
                                                                                                                           experience in banking        Internal Audit

                                                                                                                           Memiliki pengalaman
                                                                                                                           kerja di bidang
                                                                                                                           infrastruktur, Jasa
                                                                                      •   Sarjana Teknik Kimia
                                                                                                                           Asuransi, dan Dana
                                                     55 Tahun                         •   Magister Manajemen
 Hendrika Nora             Komisaris                                 Wanita                                                Pensiun                      Manajemen
                                                     55 years                         •   Bachelor of Chemical
 Osloi Sinaga*****         Commissioner                              Female                                                Have work experience         Management
                                                     old                                  Engineering
                                                                                                                           in the fields of
                                                                                      •   Master of Management
                                                                                                                           infrastructure,
                                                                                                                           insurance services,
                                                                                                                           and pension funds

Keterangan / Note:
*)     Dialihkan tugas dari Komisaris Independen menjadi Komisaris Non Independen yang ditetapkan berdasarkan Keputusan Sirkuler Pemegang Saham tertanggal 27 Juni
       2024 dan efektif menjabat setelah lulus fit & proper oleh Otoritas Jasa Keuangan / Appointed based on the Shareholders’ Resolution dated June 27, 2023 and effective
       upon passing the Fit and Proper Test conducted by Otoritas Jasa Keuangan.
**)    Telah diangkat berdasarkan Keputusan Sirkuler Pemegang Saham tanggal 4 Desember 2025 dan telah lulus Penilaian Kemampuan & Kepatutan oleh Otoritas Jasa Keuangan /
       Appointed based on the Shareholders’ Resolution dated December 4, 2025 and effective upon passing the Fit and Proper Test conducted by Otoritas Jasa Keuangan.
***) Telah diangkat berdasarkan Keputusan Sirkuler Pemegang Saham tanggal 4 Desember 2025 dan masih dalam proses Penilaian Kemampuan & Kepatutan oleh Otoritas
       Jasa Keuangan / Appointed based on the Shareholders’ Circular Decision dated December 4, 2025 and is still in the process of Fit & Proper Assessment by Otoritas Jasa
       Keuangan.
****) Telah diberhentikan berdasarkan Keputusan Sirkuler Pemegang Saham tanggal 04 Desember 2025 yang diaktakan dengan Akta Notaris Nomor 25 Tanggal 18 Desember
       2025 / Has been dismissed based on the Circular Decision of Shareholders dated December 4, 2025 which was notarized by Notarial Deed Number 25 dated December
       18, 2025
*****) Telah diberhentikan dengan hormat berdasarkan Keputusan Sirkuler Pemegang Saham tanggal 25 September 2025 yang diaktakan dengan Akta Notaris 25 September 2025 /
       Has been honorably dismissed based on the Circular Decision of Shareholders dated September 25, 2025 which was notarized by Notarial Deed of September 25, 2025.



Kebijakan Pengungkapan Informasi                                                          Policy on Disclosure of Information
Kepemilikan Saham Dewan Komisaris                                                         on Share Ownership of the Board of
dan Direksi serta Pelaksanaannya                                                          Commissioners and Directors
                                                                                          and Their Implementation

Bank Mandiri Taspen merupakan Perseroan Terbatas yang                                     Bank Mandiri Taspen is a Closed Limited Liability Company
tertutup sehingga tidak terdapat pengungkapan informasi                                   so there is no disclosure of information on share ownership of
kepemilikan saham anggota Direksi dan anggota Dewan                                       members of the Board of Directors and members of the Board
Komisaris paling lambat 3 (tiga) hari kerja setelah terjadinya                            of Commissioners no later than 3 (three) working days after
kepemilikan atau setiap perubahan kepemilikan atas saham                                  ownership or any change in ownership of Bank shares.
Bank.




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Kepemilikan Saham Direksi                                      Board of Directors Share Ownership

Sampai dengan 31 Desember 2025, tidak terdapat anggota         As of December 31, 2025, there is no member of the Board of
Direksi Bank Mandiri Taspen yang memiliki saham Bank           Directors of Bank Mandiri Taspen who owns shares of Bank
Mandiri Taspen mencapai 5% (lima persen) atau lebih dari       Mandiri Taspen reaching 5% (five percent) or more of the paid  
modal disetor Bank Mandiri Taspen, ataupun di bank lain        up capital of Bank Mandiri Taspen, or in other banks or other
maupun perusahaan lainnya yang berkedudukan di dalam           companies domiciled at home or abroad.
maupun di luar negeri.


Kepemilikan Saham Dewan Komisaris                              Share Ownership
                                                               of the Board of Commissioners

Sampai dengan 31 Desember 2025, tidak terdapat anggota         As of 31 December 2025, none of the members of the Board
Dewan Komisaris Bank Mandiri Taspen yang memiliki saham        of Commissioners of Bank Mandiri Taspen held shares in Bank
Bank Mandiri Taspen mencapai 5% (lima persen) atau lebih       Mandiri Taspen amounting to 5% (five percent) or more of the
dari modal disetor Bank Mandiri Taspen, ataupun di bank lain   Bank’s paid-up capital, nor held such share ownership in other
maupun perusahaan lainnya yang berkedudukan di dalam           banks or companies, whether domiciled domestically or abroad.
maupun di luar negeri.


Organ dan Komite di Bawah Dewan                                Organs and Committees Under
Komisaris                                                      the Board of Commissioners

Dalam melaksanakan tugasnya, Dewan Komisaris dibantu           In carrying out its duties, the Board of Commissioners is
oleh Sekretaris Dewan Komisaris dan Komite Penunjang,          assisted by the Secretary to the Board of Commissioners and
yaitu Komite Audit, Komite Remunerasi dan Nominasi serta       the Supporting Committees, namely the Audit Committee,
Komite Pemantau Risiko. Semua komite tersebut, diketuai oleh   Remuneration and Nomination Committee and the Risk
Komisaris Independen. Adapun uraiannya sebagai berikut.        Monitoring Committee. All of these committees are chaired by
                                                               an Independent Commissioner. The description is as follows.


Sekretaris Dewan Komisaris                                     Secretary of Board of Commissioners

Sekretaris Dewan Komisaris memiliki peran yang strategis       The Secretary of Commissioners Board has a strategic role
untuk melaksanakan tugas kesekretariatan dari Dewan            to carry out the tasks from the Board of Commissioners, to
Komisaris, mengadministrasikan dokumen Dewan Komisaris         administer the documents of the Board of Commissioners,
dan sebagai penghubung bagi Dewan Komisaris baik dengan        and to act as a liason for the Board of Commissioners for both
pihak-pihak terkait di lingkungan perusahaan maupun di luar    internal and external parties.
perusahaan.


Tugas dan Tanggung Jawab Sekretaris                            Duties and Responsibilities of the Secretary
Dewan Komisaris                                                of the Board of Commissioners

Sekretaris Dewan Komisaris berkewajiban untuk:                 The Secretary of the Board of Commissioners is obliged to:
1. Membantu Dewan Komisaris dalam menjaga agar                 1. Assist the Board of Commissioners in maintaining that the
   pelaksanaan tata tertib Komisaris secara teknis dapat          technical conduct of the Board of Commissioners can be
   dilakukan secara tertib.                                       done technically in an orderly manner.
2. Menyiapkan risalah rapat untuk disahkan dalam rapat         2. Prepare the minutes of the meeting to be ratified at the next
   berikutnya serta menyimpan salinannya.                         meeting and keep the copy.
3. Menyiapkan laporan tentang pelaksanaan keputusan rapat      3. Prepare a report on the implementation of decisions to be
   untuk dikaji dalam rapat berikutnya.                           reviewed in the next meeting.


Sekretaris Dewan Komisaris bertanggung jawab atas              The Secretary of the Board of Commissioners is responsible for
pengaturan terselenggaranya rapat Dewan Komisaris,             regulating the Board of Commissioners meetings, including the
termasuk di dalamnya hal-hal sebagai berikut:                  following:




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1. Menyiapkan undangan rapat kepada seluruh peserta untuk         1. Prepare meeting invitations to all participants to be signed
   ditandatangani oleh Komisaris Utama atau salah seorang            by the President Commissioner or by one of the other
   Komisaris lainnya.                                                Commisioners.
2. Menyiapkan sarana dan prasarana yang dibutuhkan dalam          2. Prepare facilities needed in the meeting.
   dalam rapat.
3. Mendistribusikan bahan rapat kepada seluruh peserta            3. Distribute the meeting material to all meeting participants.
   rapat.
4. Mencatat dan mengadministrasikan keputusan rapat.              4. Record and administer meeting decision.
5. Menyimpan konsep risalah rapat.                                5. Keep the minutes of meeting concept.
6. Menjaga kerahasiaan keputusan rapat sampai dengan              6. Maintain the confidentiality of the meeting decision until
   keputusan diumumkan.                                              the decision is announced.
7. Menyampaikan risalah rapat kepada seluruh anggota rapat        7. Submit minutes of meeting to all meeting participants and
   dan pejabat lain yang ditetapkan dalam rapat Dewan                other officials determined at the Board of Commissioners
   Komisaris.                                                        meeting.
8. Membuat catatan dan memonitor tindak lanjut                    8. Make notes and monitor the follow-up of developments of
   perkembangan pelaksanaan keputusan-keputusan rapat                the meeting implementation and report the follow-up to the
   serta melaporkan tindak lanjut tersebut kepada Dewan              Board of Commissioners.
   Komisaris.


Sekretaris Dewan Komisaris berkewajiban menjaga keamanan          Secretary of the Board of Commissioners is obliged to maintain
seluruh dokumen rapat, terutama yang bersifat rahasia.            the security of all meeting documents, especially confidential.


Profil Sekretaris Dewan Komisaris                                 Profile of Secretary of the Board of Commissioners

Tugas dan Fungsi Sekretaris Dewan Komisaris Bank Mandiri          Duties and Functions of the Secretary of the Board of
Taspen secara struktural berada di bawah supervisi Sekretaris     Commissioners of Bank Mandiri Taspen are structurally under
Perusahaan.                                                       the supervision of the Corporate Secretary.


Pelaksanaan Tugas Sekretaris Dewan Komisaris                      Implementation of Duties of The Board of
                                                                  Commissioners’ Secretary

Sekretaris Dewan Komisaris didukung dengan Staf dan               The Board of Commissioners’ Secretary, supported by staff
Sekretariat Dewan Komisaris telah menyusun pokok-pokok            and the Secretariat of the Board of Commissioners, prepared
program kerja tahun 2025 dengan realisasi antara lain sebagai     the key work program for 2025, with realizations including the
berikut:                                                          following:
1. Menyiapkan bahan rapat, menyusun risalah rapat, dan            1. Prepared meeting materials, drafted minutes of meetings,
    mengadministrasikan dengan tertib penyelenggaraan                  and properly administered the implementation of Board of
    Rapat Dewan Komisaris, Rapat Komite-komite di                      Commissioners Meetings, Committee Meetings under the
    Bawah Dewan Komisaris, dan Rapat Dewan Komisaris                   Board of Commissioners, and Board of Commissioners
    mengundang Direksi                                                 Meetings attended by the Board of Directors.
2. Memberikan masukan dan informasi kepada Dewan                  2. Provided input and information to the Board of
    Komisaris atas hal-hal yang menjadi perhatian Dewan                Commissioners on matters of concern, including policies
    Komisaris, antara lain terkait kebijakan dan strategi              and strategies of the Board of Directors in achieving
    Direksi dalam rangka mencapai sasaran strategis dalam              strategic targets in the 2025 RKAP, loan disbursement in
    RKAP tahun 2025, penyaluran kredit pada sektor-sektor              the pension, retail, and micro segments, loan restructuring
    pensiunan, retail dan mikro, proses restrukturisasi kredit,        processes, reliability of IT infrastructure, GCG, APU-PPT,
    keandalan infrastruktur TI, GCG, APU – PPT, pengembangan           human capital development, risk management, and the
    SDM, manajemen risiko, dan Sistem Pengendalian Internal.           Internal Control System.
3. Bekerja sama dengan Komite-komite di bawah Dewan               3. Collaborated with committees under the Board of
    Komisaris dalam pemenuhan kewajiban-kewajiban Dewan                Commissioners in fulfilling the Board of Commissioners’
    Komisaris, termasuk laporan Dewan Komisaris kepada                 obligations, including reporting to the regulator.
    Regulator.
4. Mengkoordinasikan penyelenggaraan Kunjungan Kerja              4. Coordinated the implementation of working visits of the
    Dewan Komisaris dan Komite-komite di bawah Dewan                 Board of Commissioners and committees under the Board
    Komisaris, termasuk menyusun Laporan Hasil Kunjungan.            of Commissioners, including preparing visit reports.




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5. Mengadministrasikan korespondensi Dewan Komisaris                5. Administered correspondence of the Board of
   dan Komite-komite di Bawah Dewan Komisaris, termasuk                Commissioners and committees under the Board of
   menyusun persetujuan Dewan Komisaris atas hal-hal yang              Commissioners, including preparing approvals of the
   diusulkan Direksi untuk dimintakan persetujuan Dewan                Board of Commissioners on matters proposed by the
   Komisaris, antara lain, usulan KAP untuk audit tahun                Board of Directors requiring approval, including proposals
   2025, usulan pengurus Bank, usulan perubahan struktur               for Public Accounting Firm (KAP) for the 2025 audit,
   organisasi satu tingkat di bawah Direksi, usulan RKAP/              proposals for Bank management, proposals for changes in
   revisi RKAP tahun 2025 dan RBB 2024-2027, usulan                    the organizational structure one level below the Board of
   RKAP tahun 2026 dan RBB tahun 2026-2028, usulan                     Directors, proposals for RKAP/revised RKAP 2025 and RBB
   Rencana Aksi Keuangan Berkelanjutan tahun 2025-2029,                2024–2027, proposals for RKAP 2026 and RBB 2026–
   usulan Rencana Jangka Panjang Perusahaan (RJPP) 2026-               2028, proposals for the Sustainable Finance Action Plan
   2030, serta tindakan-tindakan Direksi lainnya yang wajib            2025–2029, proposals for the Long-Term Corporate Plan
   mendapatkan persetujuan tertulis dari Dewan Komisaris.              (RJPP) 2026–2030, as well as other actions of the Board
                                                                       of Directors requiring written approval from the Board of
                                                                       Commissioners.
6. Mengkoordinasikan keikutsertaan Dewan Komisaris                  6. Coordinated the participation of the Board of Commissioners
   dan Komite-komite di Bawah Dewan Komisaris dalam                    and committees under the Board of Commissioners in
   pelatihan/seminar/kegiatan pengembangan kompetensi                  training/seminars/other competency development activities
   lainnya sesuai dengan bidang pengawasan masing-masing               in accordance with their respective supervisory areas.
   Komisaris/Komite.
7. Menyiapkan program orientasi Komisaris baru.                     7. Prepared orientation programs for newly appointed
                                                                       Commissioners.
8. Melaksanakan tugas lain untuk mendukung kelancaran               8. Performed other duties to support the effective execution
   tugas pengawasan dan pemberian nasihat yang dilakukan               of supervisory and advisory functions of the Board of
   oleh Dewan Komisaris.                                               Commissioners.


Komite Audit                                                        Audit Committee

Komite Audit dibentuk dengan tujuan untuk membantu dan              The Audit Committee is established with the aim to assist and
memfasilitasi Dewan Komisaris dalam menjalankan tugas               facilitate the Board of Commissioners in carrying out the task
dan fungsi pengawasan. Lingkup pengawasan Komite Audit              and function of supervision. The Audit Committee’s supervision
meliputi hal-hal yang terkait dengan informasi keuangan,            scope covers matters relating to financial information, internal
sistem pengendalian intern (internal control system), efektivitas   control system, effectiveness of audits by External and lnternal
pemeriksaan oleh Auditor Eksternal dan lnternal, efektivitas        Auditors, effectiveness of risk management implementation
pelaksanaan manajemen risiko (bersama dengan pemantau               (together with risk monitoring) and compliance with applicable
risiko) serta kepatuhan terhadap peraturan perundang-               laws and regulations.
undangan yang berlaku.


Dasar Pembentukan Komite Audit                                      Basis of Establishment of the Audit Committee

Komite Audit Bank dibentuk oleh Dewan Komisaris dan                 The Bank Audit Committee is established by the Board of
menjalankan tugasnya sesuai dengan Peraturan Otoritas               Commissioners and carries out its duties in accordance with
Jasa Keuangan No. 17 tanggal 14 September 2023 tentang              the Financial Services Authority Regulation No. 17 dated
Penerapan Tata Kelola bagi Bank Umum. Komite Audit Bank             September 14, 2023, concerning the Implementation of
dibentuk oleh Dewan Komisaris dan menjalankan tugasnya              Governance for Commercial Banks. The Bank Audit Committee
sesuai dengan peraturan sebagai berikut:                            is established by the Board of Commissioners and performs its
                                                                    duties in accordance with the following regulations:
1. Peraturan Otoritas Jasa Keuangan No. 17 Tahun 2023               1. OJK Regulation No. 17 of 2023 dated September 14,
   tanggal 14 September 2023 tentang Penerapan Tata                      2023 regarding the Implementation of Governance for
   Kelola bagi Bank Umum.                                                Commercial Banks.
2. Peraturan Otoritas Jasa Keuangan No. 55/POJK.04/2015             2. OJK Regulation No. 55/POJK.04/2015 concerning the
   tentang Pembentukan dan Pedoman Pelaksanaan Kerja                     Establishment and Guidelines for the Work Implementation
   Komite Audit.                                                         of the Audit Committee
3. Surat Edaran Otoritas Jasa Keuangan 14/SEOJK.03/2025             3. OJK Circular Letter No. 13/ SEOJK.03/2017 concerning
   tentang Penerapan Tata Kelola bagi Bank Umum.                         Implementation of Governance for Commercial Banks




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4. Anggaran Dasar Bank Mandiri Taspen beserta dengan             4. Bank Mantap’s Articles of Association and its amendments.
   perubahannya.
5. Keputusan Dewan Komisaris Nomor KOM/002/II/2021               5. Decision of the Board of Commissioners Number
   tanggal 24 Februari 2021 tentang Penetapan Anggota               KOM/002/ II/2021 dated February 24, 2021 concerning
   Komite-Komite Di Bawah Dewan Komisaris.                          the Appointment of Members of the Committees Under the
                                                                    Board of Commissioners.
6. Keputusan Direksi Nomor KEP.DIR/009/II/2021 tanggal 26        6. Decision of the Board of Directors Number KEP.
   Februari 2021 Tentang Pembentukan Komite-Komite Di               DIR/009/ II/2021 dated February 26, 2021 concerning
   Bawah Dewan Komisaris.                                           the Establishment of Committees Under the Board of
                                                                    Commissioners.


Tugas dan Tanggung Jawab Komite Audit                            Duties and Responsibilities of the Audit Committee

Komite Audit mempunyai tugas dan tanggung jawab untuk            The Audit Committee has the duties and responsibilities to
melaksanakan hal-hal sebagai berikut:                            carry out the following:
1. Ketua Komite bertugas dan bertanggung jawab untuk             1. The Head of the Committee has the duty on and is
   melakukan koordinasi atas seluruh kegiatan Komite                 responsible for conducting coordination for all the activities
   Audit untuk memenuhi tujuan komite sesuai dengan                  of Audit Committee to fulfill the objectives of the Board in
   pembentukannya, diantaranya bertanggung jawab untuk               accordance with its formation, and it should be responsible
   hal-hal sebagai berikut:                                          for the following:
   a. Menentukan rencana kerja tahunan.                              a. Determine the annual work plan.
   b. Menentukan jadwal rapat tahunan.                               b. Determine the schedule for the annual meeting.
   c. Membuat laporan berkala mengenai kegiatan Komite               c. Make periodic reports regarding the activities of the
       Audit serta hal-hal yang dirasakan perlu untuk menjadi             Audit committee as well as matters that are felt to be of
       perhatian Dewan Komisaris.                                         concern to the Board of Commissioners.
   d. Membuat Self assessment mengenai efektivitas dari              d. Make a Self Assessment on effectiveness from the
       kegiatan Komite Audit.                                             activities of the Audit Committee.
2. Anggota Komite bertugas dan bertanggung jawab di              2. The Committee members agree and are responsible for the
   antaranya untuk:                                                  approval to:
   a. Menyelenggarakan rapat secara teratur.                         a. Conduct the meeting regularly.
   b. Mempelajari materi rapat terlebih dahulu.                      b. Study previous meeting material.
   c. Menghadiri rapat.                                              c. Attend a meeting.
   d. Berperan aktif dan memberikan kontribusinya dalam              d. Take an active role and contribute to every activity.
       setiap kegiatan.
   e. Membuat risalah rapat.                                        e. Make minutes of meetings.
   f. Melakukan kunjungan kerja ke lapangan.                        f. Make work visits to the field.
3. Ketua dan anggota Komite Audit bertugas dan bertanggung       3. The Head and members of the Audit Committee have
   jawab untuk melakukan pemantauan atas kecukupan                  the duty on and are responsible for implementing the
   pengendalian internal, kecukupan dan kebenaran atas              adequacy of internal supervision, risk management and
   proses dalam pembuatan laporan keuangan, efekivitas              governance, as well adequacy and fairness of the financial
   kerja dari internal dan eksternal auditor, mengidentifikasi      reporting process, the effectiveness of the work of internal
   hal-hal yang memerlukan perhatian Dewan Komisaris,               and external auditors, handling matters that require the
   menyusun konsep dan analisis yang berhubungan dengan             attention of the Board of Commissioners, drafting concepts
   fungsi Komite Audit dan melaksanakan tugas-tugas lain            and reviews related with the Audit Committee and carrying
   yang diberikan Dewan Komisaris.                                  out other tasks assigned by the Board of Commissioners.
4. Memberikan rekomendasi kepada Dewan Komisaris terkait         4. Provide recommendations to the Board of Commissioners
   penunjukan dan pemberhentian Kantor Akuntan Publik.              regarding the appointment and dismissal of the Public
                                                                    Accounting Firm.


Piagam Komite Audit                                              Audit Committee Charter

Piagam Komite Audit disusun sebagai pedoman bagi anggota         The Audit Committee Charter is prepared as a guideline for
Komite Audit dalam melaksanakan tugas dan tanggung               members of the Audit Committee to carry out their duties and
jawabnya agar efisien, efektif, transparan, kompeten,            responsibilities so that they are efficient, effective, transparent,
independen, dan dapat dipertanggungjawabkan, sehingga            competent, independent and accountable, acceptable to all




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dapat diterima oleh semua pihak yang berkepentingan dan         interested parties and in accordance with the applicable laws
sesuai dengan peraturan perundang-undangan yang berlaku.        and regulations. The Audit Committee Charter was made with
Piagam Komite Audit disusun dengan tujuan untuk membantu        the aim of assisting the Board of Commissioners in carrying out
Dewan Komisaris dalam menjalankan peran pengawasan              the supervisory role of the Bank. The Audit Committee Charter
terhadap Bank. Piagam Komite Audit telah disahkan dan           has been approved and signed by all members of the Board of
ditandatangani oleh seluruh anggota Dewan Komisaris pada        Commissioners on January 6, 2025. The contents of the Audit
06 Januari 2025. Adapun isi dari Piagam Komite Audit, memuat    Committee Charter include and regulate the following matters:
dan mengatur hal-hal sebagai berikut:
1. Latar Belakang dan Tujuan                                    1. Background and Objectives
2. Dasar Peraturan                                              2. Basis of Regulations
3. Pengangkatan, Komposisi, Struktur                            3. Appointment, Composition, Structure
4. Persyaratan Keanggotaan                                      4. Membership Requirements
5. Tugas dan Tanggung Jawab                                     5. Duties and Responsibilities
6. Kewenangan                                                   6. Authorities
7. Hubungan Kerja                                               7. Employment Relationships
8. Rapat Komite                                                 8. Committee Meetings
9. Pelaporan                                                    9. Reporting
10. Masa Tugas                                                  10. Term of Service
11. Kerahasiaan                                                 11. Confidentiality
12. Penutup                                                     12. Closing


Wewenang Komite Audit                                           Authority of the Audit Committee

Komite Audit mempunyai kewenangan untuk melaksanakan            The Audit Committee has the authority to carry out the
hal-hal sebagai berikut:                                        following:
1. Mengakses dokumen, data, dan informasi Bank tentang          1. Access the Bank’s documents, data and information on
    karyawan, dana, aset, dan sumber daya perusahaan yang            employees, funds, assets and corporate resources as
    diperlukan;                                                      required;
2. Berkomunikasi langsung dengan karyawan, termasuk Direksi     2. Communicate directly with employees, including the Board
    dan pihak yang menjalankan fungsi audit internal, dan            of Directors and those who carry out internal audit functions,
    Akuntan terkait tugas dan tanggung jawab Komite Audit;           and Accountants related to the duties and responsibilities of
                                                                     the Audit Committee;
3. Melakukan komunikasi dengan Kepala Unit Kerja dan            3. Communicate with the Head of Work Unit and other parties
   pihak-pihak lain di Bank Mandiri Taspen serta Kantor              at Bank Mandiri Taspen and Public Accountants who accept
   Akuntan Publik yang memeriksa Bank Mandiri Taspen                 Bank Mandiri Taspen to obtain information, clarification and
   untuk memperoleh informasi, klarifikasi serta meminta             to request the required documents and reports;
   dokumen dan laporan yang diperlukan;
4. Memperoleh laporan hasil pemeriksaan Auditor Internal dan    4. Obtain reports on the results of examinations by internal
   Auditor Eksternal serta institusi pengawas atau pemeriksa       and external auditors and other supervisory or examining
   lainnya;                                                        institutions;
5. Meminta Auditor Internal atau Auditor Eksternal untuk        5. Requesting the Internal Auditor or External Auditor to carry
   melakukan pemeriksaan atau investigasi khusus, apabila          out special examinations or investigations, questioning
   terdapat dugaan kuat telah terjadi kecurangan, pelanggaran      whether there is a strong suspicion of fraud, breaking the
   hukum dan pelanggaran terhadap peraturan perundang-             law and violating the law and denying the applicable laws
   undangan yang berlaku;                                          and regulations.
6. Mengakses catatan atau informasi tentang karyawan, dana,     6. Access records or information about employees, funds,
   aset serta sumber daya perusahaan lainnya yang berkaitan        assets and other company resources related to the
   dengan pelaksanaan tugasnya; dan                                implementation of their duties; and
7. Melakukan kewenangan lain yang diberikan oleh Dewan          7. Perform other authorities granted by the Board of
   Komisaris.                                                      Commissioners.




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Masa Jabatan Komite Audit                                          The Service of the Audit Committee

Masa jabatan anggota Komite Audit diatur dalam Piagam              The term of office of the Audit Committee members was
Komite Audit dan Keputusan Dewan Komisaris PT Bank                 stipulated in the Audit Committee Charter and the Board of
Mandiri Taspen Nomor KEP.DEKOM/001/I/2025 tanggal                  Commissioners Decree of PT Bank Mandiri Taspen No. KEP.
6 Januari 2025 Juncto Keputusan Direksi PT Bank Mandiri            DEKOM/001/I/2025 dated January 6, 2025, in conjunction with
Taspen Nomor KEP.DIR/009/II/2021 tanggal 26 Februari               the Board of Directors Decree of PT Bank Mandiri Taspen No.
2021 tentang Pembentukan Komite-komite di Bawah Dewan              KEP.DIR/009/II/2021 dated February 26, 2021 concerning
Komisaris yang menentukan masa jabatan sebagai berikut:            the Establishment of Committees under the Board of
                                                                   Commissioners, which stipulated the term of office as follows:
1. Masa tugas anggota Komite Audit yang berasal dari               1. The term of office of members of the Audit Committee who
   anggota Dewan Komisaris tidak boleh lama daripada masa              come from members of the Board of Commissioners may
   jabatan Komisaris dan dapat diangkat kembali hanya untuk            not be longer than the term of office of the Commissioner
   1 (satu) periode berikutnya;                                        and can be reappointed only for the next 1 (one) period.
2. Masa kerja anggota Komite ditetapkan sama dengan masa           2. The term of office of the members of the Committee is
   jabatan Dewan Komisaris dengan ketentuan anggota                    determined to be the same as the term of office of the
   Komite sewaktu-waktu dapat diberhentikan berdasarkan                Board of Commissioners provided that the members of
   keputusan Dewan Komisaris;                                          the Committee can be dismissed at any time based on the
                                                                       decision of the Board of Commissioners.
3. Pemberhentian tersebut akan dituangkan dalam suatu              3. The dismissal will be stated in a Board of Directors Decree.
   Keputusan Direksi.


Struktur, Keanggotaan dan Keahlian Komite Audit                    Structure, Membership and Expertise
                                                                   of the Audit Committee

Anggota Komite Audit Bank Mandiri Taspen telah memenuhi            Members of the Audit Committee of Bank Mandiri Taspen had
syarat independensi sebagai Komite Audit sebagaimana               fulfilled the independence requirements as an Audit Committee
disyaratkan dalam Peraturan OJK No. 17 Tahun 2023 tentang          required by FSA Regulation No. 17 Year 2023 on Governance
Tata Kelola bagi Bank Umum, dengan memenuhi syarat sebagai         for Commercial Banks, by fulfilling the following requirements:
berikut:
1. Anggota Komite Audit dari Pihak Independen berasal dari         1. Audit Committee Members from Independent Parties
    pihak di luar Perseroan yang tidak memiliki hubungan              Members of Outside Companies who do not have financial,
    keuangan, kepengurusan, kepemilikan saham dan/atau                management, share ownership and/or family relations with
    hubungan keluarga dengan Dewan Komisaris, Direksi dan/            the Board of Commissioners, Directors and/or Controlling
    atau Pemegang Saham Pengendali atau hubungan dengan               Shareholders or relations with the Company.
    Perseroan.
2. Mantan anggota Direksi atau Pejabat Eksekutif Perseroan         2. Former members of the Executive Board or Executive
    atau pihak-pihak lain yang mempunyai hubungan                     Officers of other parties who have a relationship that can
    Perseroan yang dapat mempengaruhi kemampuannya                    influence their ability to act independently, have gone
    untuk bertindak independen, telah menjalani masa tunggu           through cooling off period for 6 (six) months to become
    (cooling off) selama 6 (enam) bulan untuk menjadi anggota         members of the Audit Committee.
    Komite Audit.
3. Memiliki integritas yang tinggi, akhlak, dan moral yang baik.   3. Have high integrity, good character and morals.
4. Memiliki kemampuan yang cukup untuk membaca dan                 4. Have sufficient ability to read and understand financial
    memahami laporan keuangan.                                        statements.
5. Memiliki kemampuan yang memadai tentang peraturan               5. Have sufficient ability regarding relevant laws and
    perundang-undangan yang terkait.                                  regulations.




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Komite Audit dibentuk untuk memastikan terselenggaranya                The Audit Committee was established to ensure the effectiveness
sistem pengendalian internal, proses ketepatan pelaporan               of the internal control system and the accuracy of the Bank
keuangan Bank Mantap, ditetapkan berdasarkan keputusan                 Mantap’s financial reporting process. It was determined based
Rapat Dewan Komisaris dan selanjutnya diangkat oleh Direksi            on a resolution of the Board of Commissioners and subsequently
dengan Surat Keputusan Direksi. Pengangkatan Komite Audit              appointed by the Board of Directors through a Directors’ Decree.
terakhir sesuai Surat Keputusan Direksi KEP.DIR/015/III/2025           The latest appointment of the Audit Committee was based on
tanggal 21 Maret 2025 tentang Perpanjangan Masa Tugas                  Directors’ Decree No. KEP.DIR/015/III/2025 dated 21 March 2025
Keanggotaan Komite Audit Dewan Komisaris.                              concerning the extension of the term of office of the Board of
                                                                       Commissioners’ Audit Committee members.


Struktur, keanggotaan, dan keahlian Komite Audit dapat dilihat         The structure, composition, and expertise of the Audit
pada tabel di bawah ini.                                               Committee are presented in the table below.


Tabel Struktur, Keanggotaan dan Keahlian Komite Audit
Table of Structure, Membership and Expertise of Audit Committee


             Nama                            Jabatan                           Keterangan                             Keahlian
             Name                            Position                          Information                            Expertise

                                 Ketua Merangkap Anggota
                                                                     Komisaris Independen                 Ekonomi
 Boedi Armanto                   Chairman concurrently serving
                                                                     Independent Commissioner             Economics
                                 as Member

                                 Anggota Pihak Independen            Komite Audit Pihak Independen        Perbankan
 Rety Listya Handayani
                                 Independent Party Member            Independent Audit Committee          Banking

                                 Anggota Pihak Independen            Komite Audit Pihak Independen        Manajemen
 Agus Slamet Riyadi
                                 Independent Party Member            Independent Audit Committee          Management



Profil Komite Audit                                                    Profile of Audit Committee

Profil anggota Komite Audit per 31 Desember 2025 adalah                The profiles of the Audit Committee members as of December 31,
sebagai berikut.                                                       2025 are as follows.



                                                        Boedi Armanto
                               Ketua Merangkap Anggota Komite Audit/Komisaris Independen
                         Chairman Concurrently Member of Audit Committee/Independent Commissioner

                                        Profil dapat dilihat pada bagian Profil Dewan Komisaris
                                 The profile can be seen in the Board of Commissioners Profile section.




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                                                                                                                   PT Bank Mandiri Taspen




                                    Rety Listya Handayani
                                    Anggota Komite Audit/Pihak Independen
                                    Audit Committee Member/Independent Party

                                    Lahir di Jakarta pada tahun 1966.              Domisili / Domicile:         Warga negara Indonesia
                                    Usia 59 tahun Per Desember 2025.               Jakarta, Indonesia           Indonesian citizens
                                    Born in Jakarta in 1966.
                                    Age 59 years as of December 2025.


Riwayat Pendidikan                                                       Educational Background
• S1 – Teknologi Industri Pertanian Instiitut Teknologi Bandung (1989)   • S1 – Agricultural Industrial Technology Bandung Institute of
• S2 – Manajemen Universitas Gadjah Mada (1999)                            Technology (1989)
                                                                         • S2 – Management Gadjah Mada University (1999)

Sertifikasi                                                              Certification
• Manajemen Risiko Perbankan Kualifikasi 6                               • Banking Risk Management Qualification 6
• Sertifikasi Komite Audit dari IKAI (2022)                              • Audit Committee Certification from IKAI (2022)

  Pengalaman Kerja                                                         Work Experience
  • Dept Head SME Credit Process & Approval Bank Mandiri (2017-            • Dept Head SME Credit Process & Approval Bank Mandiri (2017-
    2022)                                                                    2022)
  • Dept Head Network Capacity Plan Bank Mandiri (2012-2017)               • Dept Head Network Capacity Plan Bank Mandiri (2012-2017)
  • Dept Head Sales Monitoring Bank Mandiri (2010-2012)                    • Dept Head Sales Monitoring Bank Mandiri (2010-2012)
  • Dept Head Credit & Portfolio Management Bank Mandiri (2007-            • Dept Head Credit & Portfolio Management Bank Mandiri (2007-
    2010)                                                                    2010)
  • Team Leader Capital Analyst Bank Mandiri (2006-2007)                   • Team Leader Capital Analyst Bank Mandiri (2006-2007)
  • PS Capital Management Analyst Bank Mandiri (2003-2005)                 • PS Capital Management Analyst Bank Mandiri (2003-2005)
  • Professional Staff Bank Mandiri (2001-2003)                            • Professional Staff Bank Mandiri (2001-2003)
  • Senior Officer Bank Mandiri (1999-2001)                                • Senior Officer Bank Mandiri (1999-2001)
  • Pegawai Pimpinan Bank EXIM (1991-1999)                                 • Leading Employee Bank EXIM (1991-1999)

  Dasar Hukum Pengangkatan                                                 Legal Basis of Appointment
  Keputusan Direksi No. KEP.DIR/005/III/2022                               Board of Directors Decree No. KEP.DIR/005/III/2022

  Periode dan Masa Jabatan                                                 Period and The term of office
  Periode I : 2022-2025                                                    Period I: 2022–2025
  Periode II : 2025-Sekarang                                               Period II: 2025–Present

  Jabatan Rangkap                                                          Concurrent Positions
  Tidak memiliki jabatan lain di perusahaan atau lembaga manapun.          Does not hold any other position in any company or institution.




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                                   Agus Slamet Riyadi
                                   Anggota Komite Audit/Pihak Independen
                                   Audit Committee Member/Independent Party

                                   Lahir di Brebes pada tahun 1978.              Domisili / Domicile:        Warga negara Indonesia
                                   Usia 47 tahun Per Desember 2025.              Jakarta, Indonesia          Indonesian citizens
                                   Born in Brebes in 1978.
                                   Age 47 years as of December 2025.


Riwayat Pendidikan                                                     Educational Background
• D3 - Akuntansi Sekolah Tinggi Akuntansi Negara (2000)                • D3 - Accounting State Accounting College (2000)
• S1 - Sarjana Ekonomi Akuntansi Universitas Mercubuana (2003)         • S1 - Bachelor of Economics Accounting Mercubuana University
                                                                         (2003)
• S2 - Master of Public Administration Universitas Gadjah Mada         • S2 - Master of Public Administration Gadjah Mada University (2010)
  (2010)

Sertifikasi                                                            Certification
Manajemen Risiko Perbankan Kualifikasi 4                               Banking Risk Management Qualification 4

  Pengalaman Kerja                                                       Work Experience
  • Kepala Seksi Harmonisasi Peraturan Jaminan Sosial Kecelakaan         • Head of Section for Harmonization of Social Security Regulations
    Kerja dan Kematian, Subdirektorat Harmonisasi Peraturan                for Work Accidents and Death, Sub-Directorate for Harmonization
    Jaminan Sosial, Direktorat Harmonisasi Peraturan Penganggaran,         of Social Security Regulations, Directorate for Harmonization of
    Direktorat    Jenderal    Anggaran    Kementerian    Keuangan          Budget Regulations, Directorate General of Budget, Ministry of
    (2019-sekarang)                                                        Finance (2019-present)
  • Kepala     Seksi    Harmoniasasi    Peraturan    Penganggaran        • Head of Section for Harmonization of Budget Regulations for
    Kementerian/Lembaga IA, Subdirektorat Harmoniasasi Peraturan           Ministries/ Institutions IA, Sub-Directorate for Harmonization of
    Penganggaran Kementerian/Lembaga, Direktorat Harmonisasi               Budget Regulations for Ministries/Institutions, Directorate for
    Peraturan Penganggaran, Direktorat Jenderal Anggaran                   Harmonization of Budget Regulations, Directorate General of
    Kementerian Keuangan (2017-2019)                                       Budget, Ministry of Finance (2017-2019)
  • Kepala Seksi Harmonisasi Peraturan PNBP I, Subdirektorat             • Head of Section for Harmonization of PNBP Regulations I, Sub-
    Peraturan     PNBP,     Direktorat    Harmonisasi    Peraturan         Directorate for PNBP Regulations, Directorate for Harmonization
    Penganggaran, Direktorat Jenderal Anggaran Kementerian                 of Budget Regulations, Directorate General of Budget, Ministry of
    Keuangan (2011-2017)                                                   Finance (2011-2017)
  • Pelaksana pada Subdirektorat Penerimaan Kementerian dan              • Executor at Sub-Directorate for Revenue of Ministries and Non-Oil
    Sumber Daya Alam Non Migas, Direktorat Penerimaan Negara               and Natural Resources, Directorate for Non-Tax State Revenue,
    Bukan Pajak, Direktorat Jenderal Anggaran Kementerian                  Directorate General of Budget, Ministry of Finance (2007-2011)
    Keuangan (2007-2011)
  • Pelaksana pada Subdirektorat Penerimaan Departemen dan               • Executor at Sub-Directorate for Revenue of Departments and
    Sumber Daya Alam Non Migas, Direktorat Penerimaan Negara               Non-Oil and Gas Natural Resources, Directorate of Non-Tax
    Bukan Pajak dan Badan Layanan Umum, Direktorat Jenderal                State Revenue and Public Service Agency, Directorate General of
    Anggaran dan Perimbangan Keuangan Kementerian Keuangan                 Budget and Fiscal Balance, Ministry of Finance (2005-2007)
    (2005-2007)

  Dasar Hukum Pengangkatan                                               Legal Basis of Appointment
  Keputusan Direksi No. KEP.DIR/220/IX/2023                              Board of Directors Decree No. KEP.DIR/220/IX/2023

  Periode dan Masa Jabatan                                               Period and The term of office
  Periode I : 2023 - sekarang                                            Period I: 2023 - present

  Jabatan Rangkap                                                        Concurrent Positions
  Kepala Seksi Harmonisasi Peraturan Jaminan Sosial Kecelakaan           Head of Section for Harmonization of Social Security Regulations
  Kerja dan Kematian, Subdirektorat Harmonisasi Peraturan Jaminan        for Work Accidents and Death, Sub-Directorate for Harmonization
  Sosial, Direktorat Harmonisasi Peraturan Penganggaran, Direktorat      of Social Security Regulations, Directorate for Harmonization of
  Jenderal Anggaran, Kementerian Keuangan                                Budget Regulations, Directorate General of Budget, Ministry of
                                                                         Finance.




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                                                                                                                    PT Bank Mandiri Taspen




Kualifikasi Pendidikan dan Pengalaman Kerja                                   Audit Committee’s Educational Qualifications
Komite Audit                                                                  and Work Experience


Tabel Kualifikasi Pendidikan dan Pengalaman Kerja Komite Audit
Table of Audit Committee’s Educational Qualifications and Work Experience


         Nama                      Jabatan                            Pendidikan                              Pengalaman Kerja
         Name                      Position                            Education                               Work Experience

                                                      •   S1 – Agrobisnis
                           Ketua Merangkap            •   S2 - Applied Economics
                                                                                                    Memiliki pengalaman kerja di bidang
                           Anggota                    •   S3 - Ekonomi
 Boedi Armanto                                                                                      perbankan
                           Chairman concurrently      •   S1 – Agribusiness
                                                                                                    Have work experience in banking
                           serving as Member          •   S2 - Applied Economics
                                                      •   S3 - Economics

                           Anggota Pihak              •   S1 - Teknologi Industri Pertanian
                                                                                                    Memiliki pengalaman kerja di bidang
                           Independen                 •   S2 – Manajemen
 Rety Listya Handayani                                                                              perbankan
                           Independent Party          •   S1 - Teknologi Industri Pertanian
                                                                                                    Have work experience in banking
                           Member                     •   S2 – Manajemen

                                                      •   D3 - Akuntansi
                           Anggota Pihak              •   S1 - Ekonomi Akuntansi
                                                                                                    Memiliki pengalaman kerja di bidang
                           Independen                 •   S2 - Master of Public Administration
 Agus Slamet Riyadi                                                                                 pemerintahan
                           Independent Party          •   D3 - Accounting
                                                                                                    Have work experience in banking
                           Member                     •   S1 - Accounting Economics
                                                      •   S2 - Master of Public Administration




Independensi Komite Audit                                                     Independency of the Audit Committee

Seluruh Anggota Komite Audit yang berasal dari Pihak                          All Audit Committee Members who are coming from
Independen tidak memiliki hubungan keuangan, kepengurusan,                    Independent Parties should not have financial, management,
kepemilikan saham dan/atau hubungan keluarga dengan Dewan                     share ownership and/or family relations with the Board of
Komisaris, Direksi dan/atau Pemegang Saham Pengendali                         Commissioners, Directors and/or Controlling Shareholders or
atau hubungan dengan Bank, yang dapat mempengaruhi                            relations with the Bank, or any other parties that could disrupt
kemampuannya bertindak independen.                                            their capabilities to act independently.

Tabel Independensi Komite Audit
Table of Independency of The Audit Committee

                            Aspek Independensi                                                           Rety Listya         Agus Slamet
                                                                                  Boedi Armanto
                           Independence Aspect                                                           Handayani             Riyadi

 Tidak memiliki hubungan keuangan dengan Dewan Komisaris dan Direksi
 Has no financial relationship with the Board of Commissioners and Board of                                                      
 Directors

 Tidak memiliki hubungan kepengurusan di perusahaan, anak perusahaan,
 maupun perusahaan afiliasi                                                                                                      
 Has no management relationship in the company, subsidiaries, or affiliated
 companies

 Tidak memiliki hubungan kepemilikan saham di perusahaan                                                                         
 Has no share ownership relationship in the company

 Tidak memiliki hubungan keluarga dengan Dewan Komisaris, Direksi, dan/
 atau sesama anggota Komite Audit                                                                                                
 Has no family relationship with the Board of Commissioners, Board of
 Directors, and/or fellow members of the Audit Committee

 Tidak menjabat sebagai pengurus partai politik, pejabat dan pemerintah                                                          
 Has not served as a political party administrator, official and government




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Rapat Komite Audit                                                   Audit Committee Meeting

KEBIJAKAN RAPAT                                                      MEETING POLICY


1. Rapat Komite Audit diselenggarakan sekurang-kurangnya             1. The Audit Committee meeting is held at least once in 1
   sekali dalam 1 (satu) bulan.                                         (one) months.
2. Rapat Komite Audit dianggap sah apabila dihadiri paling           2. Audit Committee meetings are considered valid if
   kurang 51% dari jumlah anggota termasuk seorang                      attended by at least 51% of the total members including a
   Komisaris dan Pihak Independen.                                      Commissioner and an Independent Party.
3. Rapat dipimpin oleh Ketua Komite Audit atau anggota               3. The meeting is chaired by the Chairman of the Audit
   yang ditunjuk secara tertulis, apabila Ketua Komite Audit            Committee or a member appointed in writing, if the
   berhalangan hadir.                                                   Chairman of the Audit Committee is unable to attend.
4. Keputusan Rapat Komite Audit diambil berdasarkan                  4. The decisions of the Audit Committee Meetings are taken
   musyawarah mufakat, Dalam hal tidak terjadi musyawarah               based on deliberation to reach consensus. In the event that
   mufakat pengambilan keputusan dilakukan berdasarkan                  there is no consensus, the decision is made based on the
   suara terbanyak,                                                     majority of votes.
5. Perbedaan pendapat (dissenting opinion) yang terjadi              5. Dissenting opinions that occur in committee meetings must
   dalam rapat komite wajib dicantumkan secara jelas dalam              be clearly stated in the minutes of the meeting along with
   risalah rapat beserta alasan perbedaan pendapat tersebut.            the reasons for the differences of opinion.
6. Rapat Komite Audit harus dituangkan dalam risalah rapat           6. The Audit Committee meeting must be stated in the
   yang ditandatangani oleh seluruh anggota yang hadir serta            minutes of the meeting which is signed by all members
   didokumentasi dengan baik.                                           present and well documented.


AGENDA RAPAT KOMITE AUDIT                                            AUDIT COMMITTEE MEETING AGENDA


Sepanjang tahun 2025, tanggal pelaksanaan, agenda rapat dan          Throughout 2025, the implementation date, meeting agenda
Peserta rapat Komite Audit, sebagai berikut.                         and Audit Committee meeting participants, are as follows.

Tabel Agenda Rapat Komite Audit
Table of Audit Committee Meeting Agenda

            Tanggal                                                                                                   Peserta Rapat
 No                               Agenda Rapat                               Meeting Agenda
             Date                                                                                                   Meeting participants

                       1. Tindak lanjut Arahan Komite Audit      1. Follow-up on the Audit Committee’s
                          Periode Desember 2024;        Update      directives for the December 2024
                          Progress DMTL Pemeriksaan OJK             period; update on the progress of the
                          Tahun 2024; Update permasalahan           2024 OJK Examination DMTL; update
                          Selisih Neraca tidak balance pada         on issues related to balance sheet
                          Pos Rekening Administratif Off B/S        dis-crepancies, including unbalanced
                          dan Saldo Rekening di Cabang yang         administrative      off-balance     sheet
                          Sudah Tutup; Update Hasil Join Audit      accounts and balances of ac-counts in
                          – Case KCP Madiun yang dilakukan          closed branch offices; update on the
                          oleh     Pegawai   Taspen;    Update      results of joint audit of KCP Madiun case
       20 Januari         Pelaporan Strategi Anti Fraud (SAF)       in-volving Taspen employees; update
                                                                                                                -    Boedi Armanto
       2025               Periode Semester II Tahun 2024;           on the report-ing of the Anti-Fraud
  1                                                                                                             -    Rety Listya Handayani
       January 20,        Progress Penyelesaian DMTL – Hasil        Strategy (SAF) for Se-mester II 2024;
                                                                                                                -    Agus Slamet Riyadi
       2025               Audit Internal & Kinerja DIA; Update      progress on DMTL resolution related to
                          Pelaksanaan Keringanan BDO & Hapus        internal audit findings and the perfor-
                          Buku per Desember 2024 oleh Divisi        mance of the Internal Audit Division;
                          Internal Audit;                           update on the implementation of debt
                                                                    relief and write-off as of December
                                                                    2024 by the Internal Audit Divi-sion.
                       2. Laporan Keuangan Kinerja bulan         2. Financial performance report for
                          Desember 2024 dan Pengaduan               December 2024, customer complaints,
                          Nasabah dan Masalah Hukum oleh            and legal issues re-viewed by the
                          Komite Audit pihak independen.            independent         Audit      Committee
                                                                    members.




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                                                                                                                    PT Bank Mandiri Taspen




         Tanggal                                                                                                          Peserta Rapat
 No                                  Agenda Rapat                                 Meeting Agenda
          Date                                                                                                          Meeting participants

                        1. Update Progress Pengadaan Kantor           1. Update on the procurement progress
                           Akuntan Publik (KAP) oleh Divisi SPM          of the Pub-lic Accounting Firm (PAF)
                           & Accounting dan Divisi Procurement &         by the SPM & Ac-counting Division and
                           Asset Management;                             the Procurement & Asset Management
                                                                         Division.
                        2. Tindak Lanjut Arahan Komite Audit          2. Follow-up on the Audit Committee’s
                           Periode Januari 2025; Update Progress         directives for the January 2025 period;
                           DMTL      Pemeriksaan    OJK   Tahun          update on the pro-gress of the 2024
                           2024;     Update Hasil Pemeriksaan            OJK Examination DMTL; up-date on the
       28 Februari
                           OJK Tahun 2025 di KC Bengkulu;                results of the 2025 OJK examination        -    Boedi Armanto
       2025
  2                        Progress Penyelesaian DMTL – Hasil            at KC Bengkulu; progress on DMTL           -    Rety Listya Handayani
       February 28,
                           Audit Internal & Kinerja DIA; Update          resolution related to internal audit       -    Agus Slamet Riyadi
       2025
                           Pelaksanaan Keringanan BDO & Hapus            findings and the perfor-mance of the
                           Buku per Januari 2025 oleh Divisi             Internal Audit Division; update on the
                           Internal Audit;                               implementation of debt relief and write-
                                                                         off as of January 2025 by the Internal
                                                                         Audit Division.
                        3. Laporan Keuangan Kinerja bulan             3. Financial performance report for January
                           Januari 2025 dan Pengaduan Nasabah            2025, customer complaints, and legal
                           dan Masalah Hukum oleh Komite Audit           issues reviewed by the independent
                           pihak independen.                             Audit Committee members.

       19 Maret 2025    Usulan Penunjukan Kantor Akuntan Publik       Proposal for the Appointment of the           -    Boedi Armanto
  3    March 19,        (KAP) dan Akuntan Publik (AP) Tahun           Public Accounting Firm (PAF) and Public       -    Rety Listya Handayani
       2025             2025.                                         Accountant (PA) for 2025.                     -    Agus Slamet Riyadi

                        1. Strategi Penyaluran Kredit Mikro &         1. Micro and Retail Credit Disbursement
                           Retail oleh Divisi Consumer Business &        Strategy by the Consumer Business &
                           Recovery                                      Recovery Divi-sion.
                        2. Tindak Lanjut Arahan Rapat Komite          2. Follow-up on the Audit Committee
                           Audit bulan Januari 2025; Update              meeting di-rectives for January 2025;
                           Progress DMTL Pemeriksaan OJK                 update on the pro-gress of the 2024
                           Tahun 2024; Update Hasil Pemeriksaan          OJK Examination DMTL; up-date on the
                           OJK Tahun 2025 di KC Samarinda;               results of the 2025 OJK examination
                           Update Hasil Management Letter -              at KC Samarinda; update on the
                           KAP EY; Update Pelaksanaan Audit              Management Letter issued by the
       20 Maret 2025                                                                                                -    Boedi Armanto
                           Environmental, Social & Governance            Public Accounting Firm EY; update on
  4    March 20,                                                                                                    -    Rety Listya Handayani
                           (ESG); Update Pelaksanaan Audit               the implementation of Environ-mental,
       2025                                                                                                         -    Agus Slamet Riyadi
                           LHPK SPFMI-BI serta KPDHN; Update             Social, and Governance (ESG) audit;
                           Pelaksanaan Audit Security Sistem             update on the audit implementation of
                           Aplikasi BI RTGS S4 ETP SKNBI BI Fast;        LHPK SPFMI-BI and KPDHN; update on
                           Progress Penyelesaian DMTL - Hasil            the security audit of BI RTGS S4 ETP
                           Audit Internal & Kinerja DIA; Update          SKNBI BI Fast ap-plication systems;
                           Pelaksanaan Keringanan BDO & Hapus            progress on DMTL resolution related to
                           Buku bulan Maret 2025.                        internal audit findings and the perfor-
                                                                         mance of the Internal Audit Division;
                                                                         update on the implementation of debt
                                                                         relief and write-off as of March 2025.

                        1. Tindak Lanjut Arahan Komite Audit          1. Follow-up on the Audit Committee’s
                           Periode Maret 2025; Update Progress           directives for the March 2025 period;
                           DMTL     Pemeriksaan     OJK      Tahun       update on the progress of the 2025
                           2025;     Update Pelaksanaan Join             OJK Examination DMTL; update on the
                           Audit bersama Mandiri – Pelindungan           implementation of a joint audit with
                           Data Pribadi; Update Pelaksanaan              Mandiri on personal data protection;
                           Join Audit bersama Mandiri – Insiden          update on the implementation of a
                           Operasional Pembayaran Gaji Pensiun;          joint audit with Mandiri on operational
                           Progress Penyelesaian DMTL – Hasil            incidents related to pension payroll       -    Boedi Armanto
       29 April 2025
  5                        Audit Internal & Kinerja DIA; Update          payments; progress on DMTL resolution      -    Rety Listya Handayani
       April 29, 2025
                           Pelaksanaan Keringanan BDO & Hapus            related to internal audit findings and     -    Agus Slamet Riyadi
                           Buku per Maret 2025 oleh Divisi Internal      the performance of the Internal Audit
                           Audit;                                        Division; update on the implementation
                                                                         of debt relief and write-off as of March
                                                                         2025 by the Internal Audit Division.
                        2. Laporan Keuangan dan Laporan               2. Financial statements and reports on
                           Pengaduan Nasabah & Masalah Hukum             customer complaints and legal issues
                           oleh Komite Audit Pihak Independen.           reviewed by the independent Audit
                                                                         Committee members.




2025 Annual Report                                                                                                                   577
Page 578
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Corporate Governance




            Tanggal                                                                                                          Peserta Rapat
 No                                 Agenda Rapat                                  Meeting Agenda
             Date                                                                                                          Meeting participants

                       1. Tindak Lanjut Arahan Komite Audit          1. Follow-up on the Audit Committee’s
                          Periode April 2025;     Update Hasil          directives for the April 2025 period;
                          Pemeriksaan OJK Tahun 2025; Update            update on the results of the 2025
                          Hasil Pemeriksaan OJK di KC Ambon;            OJK examination; update on the re-
                          Progress Penyelesaian DMTL – Hasil            sults of the OJK examination at KC
                          Audit Internal & Kinerja DIA; Update          Ambon; progress on DMTL resolution
                          Pelaksanaan Keringanan BDO & Hapus            related to internal audit findings and         -    Boedi Armanto
       26 Mei 2025
  6                       Buku per April 2025 oleh Divisi Internal      the performance of the Inter-nal Audit         -    Rety Listya Handayani
       May 26, 2025
                          Audit;                                        Division; update on the implementa-tion        -    Agus Slamet Riyadi
                                                                        of debt relief and write-off as of April
                                                                        2025 by the Internal Audit Division.
                       2. Laporan Keuangan dan Laporan               2. Financial statements and reports on
                          Pengaduan Nasabah & Masalah Hukum             customer complaints and legal issues
                          oleh Komite Audit Pihak Independen.           reviewed by the in-dependent Audit
                                                                        Committee members.

                       1. Tindaklanjut Arahan Komite Audit           1. Follow-up on the Audit Committee’s
                          Periode Mei 2025;       Update Hasil          directives for the May 2025 period;
                          Pemeriksaan OJK Tahun 2025; Update            update on the results of the 2025 OJK
                          Hasil Audit Internal di Divisi OECX           examination; update on the re-sults of
                          – Customer Experience & Service               the internal audit at the OECX Division –
                          Quality; Update Hasil Audit Internal          Customer Experience & Service Quality;
                          di KC Tabanan; Pelaporan Strategi             up-date on the results of the internal
                          Anti Fraud Semester I Tahun 2025;             audit at KC Ta-banan; reporting of the
                          Progress Penyelesaian DMTL – Hasil            Anti-Fraud Strategy for Semester I             -    Boedi Armanto
       16 Juni 2025
  7                       Audit Internal & Kinerja DIA; Update          2025; progress on DMTL resolution              -    Rety Listya Handayani
       June 16, 2025
                          Pelaksanaan Keringanan BDO & Hapus            related to internal audit findings and         -    Agus Slamet Riyadi
                          Buku per Mei 2025 oleh Divisi Internal        the perfor-mance of the Internal Audit
                          Audit;                                        Division; update on the implementation
                                                                        of debt relief and write-off as of May
                                                                        2025 by the Internal Audit Division.
                       2. Laporan Keuangan dan Laporan               2. Financial statements and reports on
                          Pengaduan Nasabah & Masalah Hukum             customer complaints and legal issues
                          oleh Komite Audit Pihak Independen.           reviewed by the in-dependent Audit
                                                                        Committee members.

                       1. Laporan Keuangan dan Laporan               1. Financial statements and reports on
                          Pengaduan Nasabah & Masalah Hukum             customer complaints and legal issues
                          oleh Komite Audit Pihak Independen;           reviewed by the in-dependent Audit
                                                                        Committee members.
                       2. Tindaklanjut Arahan Komite Audit           2. Follow-up on the Audit Committee’s
                          Periode Juni 2025;       Update Hasil         directives for the June 2025 period;
                          Pemeriksaan OJK Tahun 2025; Update            update on the results of the 2025 OJK
                          Hasil Audit Internal di KC Purwokerto;        examination; update on the re-sults of
                          Update Hasil Audit Internal Ketahanan         the internal audit at KC Purwokerto; up-
                                                                                                                       -    Boedi Armanto
       22 Juli 2025       dan Keamanan Siber; Pelaporan                 date on the results of the internal audit on
  8                                                                                                                    -    Rety Listya Handayani
       July 22, 2025      Strategi Anti Fraud (SAF) Semester I          cyber resilience and security; reporting
                                                                                                                       -    Agus Slamet Riyadi
                          Tahun 2025 dan Pengelolaan WBS;               on the Anti-Fraud Strategy (SAF) for
                          Progress Penyelesaian DMTL – Hasil            Semester I 2025 and Whistleblowing
                          Audit Internal & Kinerja DIA; Update          System (WBS) management; progress
                          Pelaksanaan Keringanan BDO & Hapus            on DMTL resolution related to internal
                          Buku per Juni 2025 oleh Divisi Internal       audit findings and the performance of
                          Audit.                                        the Inter-nal Audit Division; update on
                                                                        the implementa-tion of debt relief and
                                                                        write-off as of June 2025 by the Internal
                                                                        Audit Division.

                       1. Tindaklanjut Arahan Komite Audit           1. Follow-up on the Audit Committee’s
                          Periode Juli 2025;     Update CMTL            directives for the July 2025 period;
                          OJK Tahun 2025; Update Hasil                  update on the CMTL OJK 2025; update
                          Audit Internal di KC Palangkaraya;            on the results of the internal audit at
                          Progress Penyelesaian DMTL – Hasil            KC Palangkaraya; progress on DMTL
                          Audit Internal & Kinerja DIA; Update          resolution related to internal audit
       19 Agustus
                          Pelaksanaan Keringanan BDO & Hapus            findings and the performance of the            -    Boedi Armanto
       2025
  9                       Buku per Juli 2025 oleh Divisi Internal       Internal Audit Division; update on the         -    Rety Listya Handayani
       August 19,
                          Audit;                                        implementation of debt relief and write-       -    Agus Slamet Riyadi
       2025
                                                                        off as of July 2025 by the Internal Audit
                                                                        Division.
                       2. Laporan Keuangan dan Laporan               2. Financial statements and reports on
                          Pengaduan Nasabah & Masalah Hukum             customer complaints and legal issues
                          oleh Komite Audit Pihak Independen.           reviewed by the in-dependent Audit
                                                                        Committee members.




      578                                                                                                                    Laporan Tahunan 2025
Page 579
                                                                                                                  PT Bank Mandiri Taspen




         Tanggal                                                                                                        Peserta Rapat
 No                                Agenda Rapat                                Meeting Agenda
          Date                                                                                                        Meeting participants

                       1. Tindaklanjut Arahan Komite Audit         1. Follow-up on the Audit Committee’s
                          Agustus 2025;                               directives for August 2025.
                       2. Update DMTL OJK Tahun 2025 &             2. Update on DMTL OJK 2025 and update
                          Update Pemeriksaan BPK 2025;                on the 2025 BPK audit examination.
                       3. Update Hasil Audit Internal Single       3. Update on the results of the internal
                          Customer View (SCV);                        audit of the Single Customer View
                                                                      (SCV).
                       4. Update Tindaklanjut Laporan WBS –        4. Update on follow-up actions of
                          Terkait Praktik Pungutan Liar di KCP        Whistleblowing      Sys-tem      (WBS)
       22 September       Dompu;                                      reports related to alleged illegal levies
                                                                                                                  -    Boedi Armanto
       2025                                                           at KCP Dompu.
 10                                                                                                               -    Rety Listya Handayani
       September 22,   5. Progress Penyelesaian DMTL – Hasil       5. Progress on DMTL resolution related
                                                                                                                  -    Agus Slamet Riyadi
       2025               Audit Internal & Kinerja DIA;               to internal audit findings and the
                                                                      performance of the Internal Audit
                                                                      Division.
                       6. Update Pelaksanaan Keringanan BDO &      6. Update on the implementation of
                          Hapus Buku Bulanan Agustus 2025;            monthly debt re-lief and write-off as of
                                                                      August 2025.
                       7. Laporan Keuangan dan Laporan             7. Financial statements and reports on
                          Pengaduan Nasabah & Masalah Hukum           customer complaints and legal issues
                          oleh Komite Audit Pihak Independen;         reviewed by the inde-pendent Audit
                                                                      Committee members.

                       1. Tindaklanjut     Arahan       Komite     1. Follow-up on the directives of the
                          Remunerasi dan Nominasi & Komite            Remuneration        and     Nomination
                          Audit Periode September 2025;               Committee and the Audit Committee
                          Update DMTL OJK Tahun 2025 dan              for the September 2025 period; update
                          Update Pemeriksaan BPK Tahun 2025;          on DMTL OJK 2025 and update on the
                          Update Progress Implementasi ICOFR;         2025 BPK audit examination; update on
                          Usulan AAP & RKAP Tahun 2026;               the progress of ICOFR implementation;
                          Progress Penyelesaian DMTL – Hasil          proposal for the Annual Audit Plan
       21 Oktober         Audit Internal & Kinerja DIA; Update        (AAP) and the 2026 Corporate Work
                                                                                                                  -    Boedi Armanto
       2025               Pelaksanaan Keringanan BDO & Hapus          Plan and Budget (RKAP); progress on
 11                                                                                                               -    Rety Listya Handayani
       October 21,        Buku per September 2025 oleh Divisi         DMTL resolution related to internal
                                                                                                                  -    Agus Slamet Riyadi
       2025               Internal Audit;                             audit findings and the performance of
                                                                      the Internal Audit Division; update on
                                                                      the implementation of debt relief and
                                                                      write-off as of September 2025 by the
                                                                      Internal Audit Division.
                       2. Laporan Keuangan dan Laporan             2. Financial statements and reports on
                          Pengaduan Nasabah & Masalah Hukum           customer complaints and legal issues
                          oleh Komite Audit Pihak Independen;         reviewed by the independent Audit
                                                                      Committee members.

                       1. Tindaklanjut        Arahan      Komite   1. Follow-up on the directives of the
                          Remunerasi dan Nominasi & Komite            Remuneration        and     Nomination
                          Audit Periode Oktober 2025; Update          Committee and the Audit Committee
                          DMTL OJK Tahun 2025 dan Update              for the October 2025 period; update
                          Pemeriksaan BPK Tahun 2025 &                on DMTL OJK 2025 and update on the
                          Update Joint Audit dengan Bank              2025 BPK audit examination and joint
                          Mandiri; Update Hasil Audit Penyedia        audit with Bank Mandiri; update on the
                          Jasa Pembayaran (PJP) Tahun 2025;           results of the 2025 audit of Payment
                          Update Hasil Joint Audit – Audit            Service Providers (PSP); up-date on
                          Pengamanan Informasi Stream 3 : Bank        the results of the joint audit on Infor-
                          Mantap; Update Summary Tindaklanjut         mation Security Audit Stream 3: Bank
       24 November
                          kehilangan Aset Perangkat TI (Tablet)       Mantap; update on the summary of            -    Boedi Armanto
       2025
 12                       Divisi HC; Progress Penyelesaian DMTL       follow-up actions re-lated to the loss      -    Rety Listya Handayani
       November 24,
                          – Hasil Audit Internal & Kinerja DIA;       of IT equipment assets (tablets) in the     -    Agus Slamet Riyadi
       2025
                          Update Pelaksanaan Keringanan BDO           Human Capital Division; progress on
                          & Hapus Buku per Oktober 2025 oleh          DMTL resolution related to internal
                          Divisi Internal Audit;                      audit find-ings and the performance of
                                                                      the Internal Audit Division; update on
                                                                      the implementation of debt relief and
                                                                      write-off as of October 2025 by the
                                                                      Internal Audit Division.
                       2. Laporan Keuangan dan Laporan             2. Financial statements and reports on
                          Pengaduan Nasabah & Masalah Hukum           customer complaints and legal issues
                          oleh Komite Audit Pihak Independen          reviewed by the in-dependent Audit
                                                                      Committee members.




2025 Annual Report                                                                                                                 579
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          Tanggal                                                                                                            Peserta Rapat
 No                                    Agenda Rapat                                Meeting Agenda
           Date                                                                                                            Meeting participants

                         1. Tindaklanjut Arahan Komite Audit           1. Follow-up on the Audit Committee’s
                            Periode November 2025; Update                 directives for the November 2025 period;
                            DMTL OJK Tahun 2025 dan Update                update on DMTL OJK 2025 and update
                            Pemeriksaan BPK Tahun 2025 &                  on the 2025 BPK audit ex-amination and
                            Update Joint Audit dengan Bank                joint audit with Bank Mandiri; update on
                            Mandiri; Update Hasil Audit Business          the results of the Business Continuity
                            Continuity Management Tahun 2025;             Management audit for 2025; alignment
       22 Desember
                            Penyesuaian Internal Audit Charter            of the Internal Audit Charter and Internal   -    Boedi Armanto
       2025
 13                         dan Kebijakan Internal Audit dengan           Audit policies with the Global Internal      -    Rety Listya Handayani
       December 22,
                            Global Internal Audit Standars (GIAS);        Audit Standards (GIAS); progress on          -    Agus Slamet Riyadi
       2025
                            Progress Penyelesaian DMTL – Hasil            DMTL resolution related to internal audit
                            Audit Internal & Kinerja DIA oleh Divisi      findings and the performance of the Inter-
                            Internal Audit;                               nal Audit Division.
                         2. Laporan Keuangan dan Laporan               2. Financial statements and reports on
                            Pengaduan Nasabah & Masalah Hukum             customer complaints and legal issues
                            oleh Komite Audit Pihak Independen.           reviewed by the in-dependent Audit
                                                                          Committee members.


FREKUENSI DAN TINGKAT KEHADIRAN RAPAT                                      FREQUENCY AND LEVEL OF ATTENDANCE OF THE AUDIT
KOMITE AUDIT                                                               COMMITTEE

Tabel Tingkat Kehadiran Rapat Komite Audit
Table on Level of Attendance of The Audit Committee

                                                                                                Rapat Komite Audit
                                                                                              Audit Committee Meeting

                                                                                         Jumlah dan Persentase Kehadiran
          Nama                                Jabatan
                                                                                        Number and Percentage of Attendance
          Name                                Position

                                                                            Jumlah Rapat           Jumlah Kehadiran
                                                                                                                                 Persentase
                                                                              Number of               Number of
                                                                                                                                 Percentage
                                                                              Meetings                Attendance

                             Ketua Merangkap Anggota
 Boedi Armanto               Chairman concurrently serving as                      13                       13                       100
                             Member

                             Anggota Pihak Independen
 Rety Listya Handayani                                                             13                       13                       100
                             Independent Party Member

                             Anggota Pihak Independen
 Agus Slamet Riyadi                                                                13                       13                       100
                             Independent Party Member



Program Peningkatan Kompetensi Komite Audit                                Audit Committee Competency Development Program


                                               Jenis Pelatihan dan Materi Pengembangan                  Waktu dan
      Nama                  Jabatan                      Kompetensi /Pelatihan                           Tempat                 Penyelenggara
      Name                  Position                Type of Training and Competency                    Pelaksanaan                Organizer
                                                     Development Material / Training                  Time and Venue

                      Ketua Merangkap
                                               Pelatihan dapat dilihat pada Pelatihan dan/atau Peningkatan Kompetensi Dewan Komisaris
                      Anggota
 Boedi Armanto                                 Training can be referred to under the Board of Commissioners Training and/or Competency
                      Chairman Concurrently
                                               Development section
                      Member

                                                                                                    23 Mei 2025
                                               Risk Management Certification Refresher              Online
                                                                                                                                     BARa
                                               Program                                              May 23, 2025
                      Anggota Pihak
                                                                                                    Online
 Rety Listya          Independen
 Handayani            Member of Independet
                                                                                                    4-5 Desember 2025
                      Party
                                                                                                    Denpasar
                                               Risk Beyond 2025                                                                      ERMA
                                                                                                    December 4–5, 2025
                                                                                                    Denpasar




    580                                                                                                                      Laporan Tahunan 2025
Page 581
                                                                                                         PT Bank Mandiri Taspen




                                            Jenis Pelatihan dan Materi Pengembangan         Waktu dan
      Nama                 Jabatan                    Kompetensi /Pelatihan                  Tempat             Penyelenggara
      Name                 Position              Type of Training and Competency           Pelaksanaan            Organizer
                                                  Development Material / Training         Time and Venue

                     Anggota Pihak                                                      4-5 Desember 2025
 Agus Slamet         Independen                                                         Denpasar
                                            Risk Beyond 2025                                                         ERMA
 Riyadi              Member of Independet                                               December 4–5, 2025
                     Party                                                              Denpasar




Program Kerja dan Pelaksanaan Kegiatan                            Audit Committee Work Program and Implementation
Komite Audit Tahun 2025                                           of Activities In 2025

Selama tahun 2025, Komite Audit telah melaksanakan kegiatan       During 2025, the Audit Committee carried out the following
sebagai berikut :                                                 activities:
1. Melakukan pemantauan kinerja keuangan Bank secara              1. Monitored the Bank’s financial performance on a regular
    berkala, termasuk pembahasan laporan keuangan bulanan,            basis, including the review of monthly financial statements,
    pengaduan nasabah, serta permasalahan hukum yang                  customer complaints, and legal issues reported by
    disampaikan oleh pihak independen.                                independent parties.
2. Melakukan pengawasan atas proses penunjukan Kantor             2. Oversaw the process of appointing the Public Accounting
    Akuntan Publik (KAP) dan Akuntan Publik, serta evaluasi           Firm (KAP) and Public Accountant, as well as evaluated the
    atas pelaksanaan audit laporan keuangan dan tindak lanjut         implementation of financial statement audits and the follow-
    atas management letter dan rekomendasi audit.                     up on management letters and audit recommendations.
3. Memantau tindak lanjut hasil pemeriksaan regulator, antara     3. Monitored the follow-up on regulatory examination results,
   lain Otoritas Jasa Keuangan (OJK) dan Badan Pemeriksa              including those from the Otoritas Jasa Keuangan (OJK) and
   Keuangan (BPK), termasuk progres penyelesaian Daftar               Badan Pemeriksa Keuangan (BPK), including the progress
   Monitoring Tindak Lanjut (DMTL).                                   of completion of the Follow-Up Monitoring List (DMTL).
4. Melakukan pemantauan atas pelaksanaan audit internal,          4. Monitored the implementation of internal audits, including
   termasuk hasil audit pada kantor cabang dan unit kerja,            audit results at branch offices and work units, evaluated the
   evaluasi kinerja Divisi Internal Audit, serta penyelesaian         performance of the Internal Audit Division, and ensured the
   temuan audit dan penguatan sistem pengendalian internal.           resolution of audit findings and the strengthening of the
                                                                      internal control system.
5. Membahas dan memantau implementasi strategi anti fraud         5. Reviewed and monitored the implementation of the
   (SAF), pengelolaan whistleblowing system (WBS), serta              anti-fraud strategy (SAF), the management of the
   pengendalian atas potensi fraud dan penyimpangan.                  whistleblowing system (WBS), and controls over potential
                                                                      fraud and irregularities.
6. Melakukan pengawasan terhadap audit dan pengendalian           6. Oversaw audits and controls related to information
    pada aspek teknologi informasi, sistem pembayaran,                technology, payment systems, cybersecurity, personal data
    keamanan siber, pelindungan data pribadi, serta business          protection, and business continuity management.
    continuity management.
7. Membahas pelaksanaan audit berbasis Environmental,             7. Reviewed the implementation of Environmental, Social &
    Social & Governance (ESG) serta audit lainnya yang                Governance (ESG)-based audits and other audits relevant
    relevan dengan perkembangan regulasi dan kebutuhan                to regulatory developments and the Bank’s supervisory
    pengawasan Bank.                                                  needs.
8. Memantau kebijakan dan pelaksanaan manajemen terkait           8. Monitored policies and management implementation
    keringanan kredit, hapus buku, serta penanganan kasus-            related to credit relief, write-offs, and the handling of
    kasus operasional yang menjadi perhatian.                         operational cases of concern.
9. Memastikan tindak lanjut atas arahan Komite Audit pada         9. Ensured follow-up on the Audit Committee’s directives in
    setiap periode rapat serta efektivitas penyelesaian isu-isu       each meeting period and the effectiveness of the resolution
    pengawasan secara berkelanjutan.                                  of supervisory issues on an ongoing basis.
10. Melakukan pemantauan kinerja keuangan Bank secara             10. Monitored the Bank’s financial performance on a regular
    berkala, termasuk pembahasan laporan keuangan bulanan,            basis, including the review of monthly financial statements,
    pengaduan nasabah, serta permasalahan hukum yang                  customer complaints, and legal issues reported by
    disampaikan oleh pihak independen.                                independent parties.




2025 Annual Report                                                                                                       581
Page 582
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11. Melakukan pengawasan atas proses penunjukan Kantor            11. Oversaw the process of appointing the Public Accounting
    Akuntan Publik (KAP) dan Akuntan Publik, serta evaluasi           Firm (KAP) and Public Accountant, as well as evaluated the
    atas pelaksanaan audit laporan keuangan dan tindak lanjut         implementation of financial statement audits and the follow-
    atas management letter dan rekomendasi audit.                     up on management letters and audit recommendations.
12. Memantau tindak lanjut hasil pemeriksaan regulator, antara    12. Monitored the follow-up on regulatory examination results,
    lain Otoritas Jasa Keuangan (OJK) dan Badan Pemeriksa             including those from the Otoritas Jasa Keuangan (OJK) and
    Keuangan (BPK), termasuk progres penyelesaian Daftar              Badan Pemeriksa Keuangan (BPK), including the progress
    Monitoring Tindak Lanjut (DMTL).                                  of completion of the Follow-Up Monitoring List (DMTL).
13. Melakukan pemantauan atas pelaksanaan audit internal,         13. Monitored the implementation of internal audits, including
    termasuk hasil audit pada kantor cabang dan unit kerja,           audit results at branch offices and work units, evaluated the
    evaluasi kinerja Divisi Internal Audit, serta penyelesaian        performance of the Internal Audit Division, and ensured the
    temuan audit dan penguatan sistem pengendalian internal.          resolution of audit findings and the strengthening of the
                                                                      internal control system.
14. Membahas dan memantau implementasi strategi anti fraud        14. Reviewed and monitored the implementation of the
    (SAF), pengelolaan whistleblowing system (WBS), serta             anti-fraud strategy (SAF), the management of the
    pengendalian atas potensi fraud dan penyimpangan.                 whistleblowing system (WBS), and controls over potential
                                                                      fraud and irregularities.
15. Melakukan pengawasan terhadap audit dan pengendalian          15. Oversaw audits and controls related to information
    pada aspek teknologi informasi, sistem pembayaran,                technology, payment systems, cybersecurity, personal data
    keamanan siber, pelindungan data pribadi, serta business          protection, and business continuity management.
    continuity management.
16. Membahas pelaksanaan audit berbasis Environmental,            16. Reviewed the implementation of Environmental, Social &
    Social & Governance (ESG) serta audit lainnya yang                Governance (ESG)-based audits and other audits relevant
    relevan dengan perkembangan regulasi dan kebutuhan                to regulatory developments and the Bank’s supervisory
    pengawasan Bank.                                                  needs.
17. Memantau kebijakan dan pelaksanaan manajemen terkait          17. Monitored policies and management implementation
    keringanan kredit, hapus buku, serta penanganan kasus-            related to credit relief, write-offs, and the handling of
    kasus operasional yang menjadi perhatian.                         operational cases of concern.
18. Memastikan tindak lanjut atas arahan Komite Audit pada        18. Ensured follow-up on the Audit Committee’s directives in
    setiap periode rapat serta efektivitas penyelesaian isu-isu       each meeting period and the effectiveness of the resolution
    pengawasan secara berkelanjutan.                                  of supervisory issues on an ongoing basis.


Komite Remunerasi dan Nominasi                                    The Remuneration and Nomination Committee

Dasar Pembentukan Komite Remunerasi                               Basis of Establishment of the Remuneration
dan Nominasi                                                      and Nomination Committee

Dalam rangka mewujudkan Tata Kelola Perusahaan yang               Several steps were taken in order to realize Good Corporate
Baik (Good Corporate Governance) dengan mengacu pada              Governance by referring to the Articles of Association of
Anggaran Dasar PT Bank Mandiri Taspen dan perubahannya            PT Bank Mandiri Taspen and its amendments as well as the
serta ketentuan POJK Nomor 34/POJK.04/2014 tentang Komite         provisions of OJK Regulation Number 34 / POJK.04 / 2014
Nominasi dan Remunerasi Emiten atau Perusahaan Publik             concerning the Nomination and Remuneration Committee
yang menyatakan bahwa Dewan Komisaris wajib membentuk             of Issuers or Public Companies which stated that the Board
Komite Remunerasi dan Nominasi dalam rangka mendukung             of Commissioners was obliged forming a Remuneration and
efektivitas pelaksanaan tugas dan tanggung jawabnya. Dalam        Nomination Committee in order to support the effectiveness of
rangka mewujudkan Tata Kelola Perusahaan yang Baik (Good          the implementation of its duties and responsibilities. In order to
Corporate Governance) dengan mengacu pada:                        realize Good Corporate Governance with reference to:
1. Peraturan Otoritas Jasa Keuangan Nomor 34/POJK.04/2014         1. Financial    Authority     Service    Regulation       Number
    tentang Komite Nominasi dan Remunerasi Emiten atau                 34/ POJK.04/2014 concerning the Nomination and
    Perusahaan Publik.                                                 Remuneration Committee of Issuers or Public Companies.
2. Peraturan Otoritas Jasa Keuangan No. 17 Tahun 2023             2. Financial Authority Service Regulation No. 17 of 2023
    tanggal 14 September 2023 tentang Penerapan Tata                   dated September 14, 2023 regarding the Implementation
    Kelola bagi Bank Umum.                                             of Governance for Commercial Banks.
3. Surat Edaran Otoritas Jasa Keuangan 14/SEOJK.03/2025           3. OJK Circular Letter No. 14/SEOJK.03/2025 concerning
    tentang Penerapan Tata Kelola bagi Bank Umum.                      Implementation of Governance for Commercial Banks.




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4. Anggaran Dasar Bank Mandiri Taspen beserta dengan             4. Bank Mantap’s Articles of Association and its amendments.
   perubahannya.
5. Keputusan Dewan Komisaris Nomor KOM/002/II/2021               5. Decision of the Board of Commissioners Number
   tanggal 24 Februari 2021 tentang Penetapan Anggota               KOM/002/ II/2021 dated February 24, 2021 concerning
   Komite-Komite Di Bawah Dewan Komisaris.                          the Appointment of Members of the Committees Under the
                                                                    Board of Commissioners.
6. Keputusan Direksi Nomor KEP.DIR/009/II/2021 tanggal 26        6. Decision of the Board of Directors Number KEP.
   Februari 2021 Tentang Pembentukan Komite-Komite Di               DIR/009/ II/2021 dated February 26, 2021 concerning
   Bawah Dewan Komisaris.                                           the Establishment of Committees Under the Board of
                                                                    Commissioners.


Piagam Komite Remunerasi dan Nominasi                            Remuneration and Nomination Committee Charter

Piagam Komite Remunerasi dan Nominasi disusun sebagai            The Charter of the Remuneration and Nomination Committee
pedoman bagi anggota Komite dalam melaksanakan tugas dan         is prepared as a guideline for members of the Committee in
tanggung jawabnya agar efisien, efektif, transparan, kompeten,   carrying out their duties and responsibilities in order to be efficient,
independen, dan dapat dipertanggungjawabkan, sehingga            effective, transparent, competent, independent, and accountable,
dapat diterima oleh semua pihak yang berkepentingan dan          so that it can be accepted by all interested parties and in
sesuai dengan peraturan perundang-undangan yang berlaku.         accordance with applicable laws and regulations. The Charter of
Piagam Komite Remunerasi dan Nominasi disusun dengan             the Remuneration and Nomination Committee was prepared with
tujuan untuk membantu Dewan Komisaris dalam menjalankan          the aim of assisting the Board of Commissioners in carrying out
peran pengawasan terhadap Bank. Piagam Komite Remunerasi         the supervisory role of the Bank. The Charter of the Remuneration
dan Nominasi telah disahkan dan ditandatangani oleh seluruh      and Nomination Committee has been approved and signed by all
anggota Dewan Komisaris pada tanggal 24 Mei 2023. Adapun         members of the Board of Commissioners on May 24, 2023. The
isi dari Piagam Komite Remunerasi dan Nominasi, memuat dan       contents of the Remuneration and Nomination Committee Charter
mengatur hal-hal sebagai berikut:                                include and regulate the following matters:
1. Latar Belakang dan Tujuan                                     1. Background and Objectives
2. Dasar Pembentukan                                             2. Basis for Establishment
3. Pengangkatan, Komposisi, dan Struktur                         3. Appointment, Composition, and Structure
4. Persyaratan Keanggotaan                                       4. Membership Requirements
5. Tugas dan Tanggung Jawab                                      5. Duties and Responsibilities
6. Sistem Nominasi dan Remunerasi                                6. Nomination and Remuneration System
7. Kewenangan                                                    7. Authority
8. Hubungan Kerja                                                8. Working Relationships
9. Rapat Komite                                                  9. Committee Meetings
10. Pelaporan                                                    10. Reporting
11. Masa Tugas dan Kompensasi                                    11. Term of Office and Compensation
12. Kerahasiaan                                                  12. Confidentiality
13. Penutup                                                      13. Closing


Tugas dan Tanggung Jawab Komite Remunerasi                       Duties and Responsibilities of the Remuneration
dan Nominasi                                                     and Nomination Committee

Komite Remunerasi dan Nominasi memiliki tugas dan tanggung       The Remuneration and Nomination Committee has duties and
jawab antara lain:                                               responsibilities, among others:
1. Ketua Komite bertugas dan bertanggung jawab dalam             1. The Head of the Committee is in charge and responsible
   mengkoordinasikan pelaksanaan rapat Komite dan                    for coordinating the conduct of Committee meetings and
   mengusulkan agenda serta materi rapat.                            proposing agendas and meeting materials.
2. Menyusun atau membuat sistem remunerasi dan nominasi          2. Arrange or create a remuneration and nomination system
   bagi anggota Direksi dan Dewan Komisaris yang akan                for members of the Board of Directors and Board of
   menjadi pedoman bagi Dewan Komisaris dan Rapat Umum               Commissioners that will serve as guidelines for the Board
   Pemegang Saham (RUPS) dalam menetapkan remunerasi                 of Commissioners and the General Meeting of Shareholders
   dan nominasi anggota Direksi dan Dewan Komisaris.                 (GMS) in determining the remuneration and nominations
                                                                     of members of the Board of Directors and Board of
                                                                     Commissioners.




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3. Komite bertugas dan bertanggung jawab dalam                   3. The committee has the duty and responsibility in carrying
   melaksanakan hal-hal sebagai berikut:                            out the following matters:
   a. Menyusun konsep dan analisis yang berhubungan                 a. Develop concepts and analyses related to the functions
      dengan fungsi Komite Remunerasi dan Nominasi.                     of the Remuneration and Nomination Committee.
   b. Membantu Dewan Komisaris untuk memberikan                     b. Assist the Board of Commissioners to provide
      rekomendasi tentang jumlah anggota Dewan Komisaris                recommendations on the number of members of the
      dan Direksi.                                                      Board of Commissioners and Directors.
   c. Membantu Dewan Komisaris dalam penetapan                      c. Assist the Board of Commissioners in the determination
      kebijakan umum Sumber Daya Manusia.                               of general human resources policies.
   d. Merekomendasikan persetujuan perubahan struktur               d. Recommend approval of changes in organizational
      organisasi sampai dengan satu tingkat di bawah                    structure up to one level below the Board of Directors.
      Direksi.
   e. Membantu Dewan Komisaris memperoleh dan                        e. Assisting the Board of Commissioners in obtaining
      menganalisis data bakal calon Direksi dan talent pool             and analyzing data of prospective Board of Directors
      pejabat satu tingkat di bawah Direksi.                            and talent pool of officials one level below the Board of
                                                                        Directors.
   f.  Memberikan usulan tentang opsi saham serta                    f. Provide proposals about stock options and monitor
       pengawasan        pelaksanaannya      kepada    Dewan            their implementation to the Board of Commissioners,
       Komisaris, Direksi, dan pegawai.                                 Directors and employees.
   g. Memiliki database dan talent pool calon-calon anggota          g. Has a database and talent pool candidates for members
       Direksi dan Dewan Komisaris.                                     of the Board of Directors and Board of Commissioners.
   h. Melakukan evaluasi terhadap kebijakan remunerasi dan           h. Evaluate the remuneration policy and provide
       memberikan rekomendasi kepada Dewan Komisaris                     recommendations to the Board of Commissioners
       mengenai:                                                         regarding:
       1) Kebijaksanaan remunerasi bagi Dewan Komisaris                  1) Remuneration policy for the Board of
           dan Direksi untuk disampaikan kepada Rapat                        Commissioners and Directors to be submitted to
           Umum Pemegang Saham, dan                                          the General Meeting of Shareholders, and
       2) Kebijaksanaan        remunerasi      bagi   Pejabat            2) Remuneration policy for Executive Officers and
           Eksekutif dan pegawai secara keseluruhan untuk                    employees as a whole to be submitted to the
           disampaikan kepada Direksi.                                       Directors.
   i. Menyusun dan memberikan rekomendasi mengenai                   i. Prepare and provide recommendations on the system
       sistem serta prosedur pemilihan dan atau penggantian              and procedures for selecting and or replacing members
       anggota Dewan Komisaris dan Direksi kepada Dewan                  of the Board of Commissioners and Directors to the
       Komisaris untuk disampaikan kepada Rapat Umum                     Board of Commissioners to be submitted to the General
       Pemegang Saham.                                                   Meeting of Shareholders.
   j. Memberikan rekomendasi mengenai calon anggota                  j. Provide recommendation about the prospective
       Dewan Komisaris dan/atau Direksi kepada Dewan                     member of the Board of Commissioners and / or
       Komisaris untuk disampaikan kepada Rapat Umum                     Director to the Board of Commissioners to be delivered
       Pemegang Saham dan atau regulator.                                to General Meeting of Shareholders and or regulator.
   k. Memberikan rekomendasi mengenai Pihak Independen               k. Provide recommendations on Independent Parties
       yang akan menjadi anggota Komite Audit dan Komite                 who will be members of the Audit Committee and Risk
       Pemantau Risiko.                                                  Monitoring Committee.
4. Anggota Komite bertugas dan bertanggung jawab dalam           4. Members of the Committee are in charge and responsible for
   menyelenggarakan rapat secara teratur, mempelajari                holding meetings regularly, learning meeting materials first,
   materi rapat terlebih dahulu, menghadiri rapat, memberikan        attending meetings, contributing and playing an active role,
   kontribusi dan berperan aktif, serta membuat risalah rapat.       and making minutes of meetings.
5. Membantu Dewan Komisaris untuk dapat mengajukan               5. Assist the Board of Commissioners to be able to propose
   saran-saran kepada Pemegang Saham dalam hal:                      suggestions to the Shareholders in terms of:
   a. Menyusun, melaksanakan dan menganalisis kriteria               a. Compile, implement and analyze nomination criteria
       dan prosedur nominasi bagi calon Dewan Komisaris                  and procedures for candidates for the Board of
       dan Direksi.                                                      Commissioners and Directors.
   b. Mengidentifikasikan calon-calon Direksi baik dari              b. Identify candidates for Directors from both inside and
       dalam maupun dari luar dan calon Dewan Komisaris                  outside and candidates for the Board of Commissioners
       yang memenuhi syarat untuk diajukan atau diangkat                 who are eligible to be submitted or appointed as
       menjadi Direktur atau Dewan Komisaris.                            Director or the Board of Commissioners.




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   c. Menyusun kriteria penilaian kinerja Direksi.             c. Develop the criteria for assessment of the work of the
   d. Menyusun, melaksanakan dan menganalisis kriteria            Board of Directors.
      dan prosedur pemberhentian Dewan Komisaris dan/          d. Arrange, carry out, and analyze the criteria and procedures
      atau Direksi.                                               of termination of the Board of Commissioners and/or
   e. Membantu Dewan Komisaris dalam mengusulkan                  Director.
      suatu sistem remunerasi yang sesuai bagi Dewan           e. Assist the Board of Commissioners in proposing an appropriate
      Komisaris dan Direksi berupa sistem penggajian dan          remuneration system for the Board of Commissioners and
      pemberian fasilitas dan tunjangan, penilaian terhadap       Directors in the form of a payroll system and provision of
      sistem tersebut dan opsi yang diberikan dan sistem          facilities and benefits, an assessment of the system and the
      pensiun.                                                    options provided and the pension system.


Wewenang Komite Remunerasi dan Nominasi                        Authority of the Remuneration
                                                               and Nomination Committee

Komite Remunerasi dan Nominasi memiliki wewenang untuk:        The Remuneration and Nomination Committee has the
                                                               authority to:
1. Meminta Bank Mandiri Taspen untuk melakukan survey          1. Asking Bank Mandiri Taspen to conduct surveys according
   sesuai kebutuhan Komite Remunerasi dan Nominasi.                to the needs of the Remuneration and Nomination
                                                                   Committee.
2. Meminta informasi hal-hal yang diperlukan dari berbagai     2. Request information on things needed from various parties,
   pihak baik internal maupun eksternal Bank Mandiri Taspen.       both internal and external, Bank Mandiri Taspen.


Masa Jabatan Komite Remunerasi dan Nominasi                    Term of Service of the Remuneration and Nomination
                                                               Committee

Masa jabatan anggota Komite Remunerasi dan Nominasi            The terms of office of the members of the Remuneration and
diatur dalam Piagam Komite Remunerasi dan Nominasi yang        Nomination Committee are regulated in the Remuneration and
disahkan tanggal 24 Mei 2023, Juncto Keputusan Direksi         Nomination Committee Charter, ratified on May 24, 2023, in
PT Bank Mandiri Taspen Nomor KEP.DIR/009/II/2021               conjunction with Decree of the Board of Directors of PT Bank
tanggal 26 Februari 2021 tentang Pembentukan Komite-           Mandiri Taspen No. KEP.DIR/009/II/2021 dated February 26,
komite Di Bawah Dewan Komisaris yang menentukan masa           2021, concerning the Establishment of Committees Under the
jabatan sebagai berikut:                                       Board of Commissioners, which stipulates the following terms
                                                               of office:
1. Masa tugas anggota Komite Remunerasi dan Nominasi           1. The term of office for members of the Remuneration and
   yang berasal dari anggota Dewan Komisaris tidak boleh           Nomination Committee from members of the Board of
   lama daripada masa jabatan Komisaris dan dapat diangkat         Commissioners may not be longer than the term of office
   kembali hanya untuk 1 (satu) periode berikutnya.                of the Commissioner and may be reappointed only for the
                                                                   next 1 (one) period;
2. Masa kerja anggota Komite ditetapkan sama dengan masa       2. The term of office of the members of the Committee is
   jabatan Dewan Komisaris dengan ketentuan anggota                determined to be the same as the term of office of the
   Komite sewaktu-waktu dapat diberhentikan berdasarkan            Board of Commissioners provided that the members of
   keputusan Dewan Komisaris.                                      the Committee can be dismissed at any time based on the
                                                                   decision of the Board of Commissioners;
3. Pemberhentian tersebut akan dituangkan dalam suatu          3. The dismissal will be stated in a Board of Directors Decree.
   Keputusan Direksi.


Struktur, Keanggotaan dan Keahlian Komite                      Structure, Membership and Expertise of the
Remunerasi dan Nominasi                                        Remuneration and Nomination Committee

Komite Remunerasi dan Nominasi ditetapkan oleh Dewan           The Remuneration and Nomination Committee was established
Komisaris dan diangkat oleh Direksi. Pengangkatan Anggota      by the Board of Commissioners and appointed by the Board
Komite terakhir Sesuai Surat Keputusan Direksi KEP.DIR/100/    of Directors. The latest appointment of Committee members
XII/2025 tanggal 29 Desember 2025 tentang Perubahan            was in accordance with the Board of Directors Decree No.
Keanggotaan Komite Remunerasi dan Nominasi Dewan               KEP.DIR/100/XII/2025 dated December 29, 2025 concerning
Komisaris.                                                     Changes in the Composition of the Remuneration and
                                                               Nomination Committee of the Board of Commissioners.




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Tabel Struktur, Keanggotaan dan Keahlian Komite Remunerasi dan Nominasi
Table of Structure, Membership, and Expertise of the Remuneration and Nomination Committee


             Nama                               Jabatan                             Keterangan                             Keahlian
             Name                               Position                             Remarks                               Expertise

                                    Anggota                              Komisaris Independen                  Ekonomi
 Boedi Armanto
                                    Member                               Independent Commissioner              Economics

                                                                         Pejabat Eksekutif yang
                                    Anggota Ex-Officio merangkap
                                                                         membawahi sumber daya
                                    Sekretaris
 Hendro Triendarto                                                       manusia                               SDM
                                    Ex-Officio Member concurrently
                                                                         Executive Officer in charge of
                                    Secretary
                                                                         Human Capital



Profil Komite Remunerasi dan Nominasi                                       Profile of The Remuneration and Nomination
                                                                            Committee

Profil anggota Komite Remunerasi dan Nominasi per 31 Desember               The profile of the members of the Remuneration and Nomination
2025 adalah sebagai berikut.                                                Committee as of December 31, 2025 was as follows.



                                                             Boedi Armanto
                              Anggota Komite Remunerasi dan Nominasi/ Komisaris Independen
                       Member of the Remuneration and Nomination Committee / Independent Commissioner

                             Profil Beliau dapat dilihat dalam Profil Dewan Komisaris dalam Laporan Tahunan ini.
                         His profile can be found in the Board of Commissioners Profile section in this Annual Report.




                                                           Hendro Triendarto
                          Anggota Komite Remunerasi dan Nominasi/ Division Head Human Capital
                     Member of the Remuneration and Nomination Committee / Division Head of Human Capital

                             Profil Beliau dapat dilihat dalam Profil Pejabat Eksekutif dalam Laporan Tahunan ini.
                            His profile can be found in the Executive Officers Profile section in this Annual Report.




Kualifikasi Pendidikan dan Pengalaman Kerja Komite                          Educational Qualifications and Work Experience of
Remunerasi dan Nominasi                                                     The Remuneration and Nomination Committee


Tabel Kualifikasi Pendidikan dan Pengalaman Kerja Komite Remunerasi dan Nominasi
Table of Educational Qualifications and Work Experience of the Remuneration and Nomination Committee


        Nama                     Jabatan                             Pendidikan                                 Pengalaman Kerja
        Name                     Position                             Education                                  Work Experience

                                                     •   Sarjana Agronomi
                                                     •   Magister Applied Economics                  Memiliki pengalaman sebagai pengawas
                          Anggota                    •   Doktor bidang Ekonomi                       perbankan dan Komisaris Perbankan
 Boedi Armanto
                          Member                     •   Bachelor’s Degree in Agronomy               Had experience as a banking supervisor
                                                     •   Master’s Degree in Applied Economics        and banking commissioner
                                                     •   Doctorate in Economics

                                                     •   Sarjana Teknologi Hasil Pertanian
                          Anggota Ex-Officio                                                         Memiliki pengalaman kerja di bidang
                                                     •   Master of Business Innovation
                          merangkap Sekretaris                                                       sumber daya manusia
 Hendro Triendarto                                   •   Bachelor’s Degree in Agricultural
                          Ex-Officio Member                                                          Had work experience in the human
                                                         Product Technology
                          concurrently Secretary                                                     resources field
                                                     •   Master of Business Innovation




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Independensi Komite Remunerasi dan Nominasi                                   Independence of Remuneration and Nomination
                                                                              Committee

Tabel Independensi Komite Remunerasi dan Nominasi
Table of Independence of Remuneration and Nomination Committee


                            Aspek Independensi
                                                                                       Boedi Armanto                Hendro Triendarto
                           Independence Aspect

 Tidak memiliki hubungan keuangan dengan Dewan Komisaris dan Direksi
 Has no financial relationship with the Board of Commissioners and Board of                                                 
 Directors

 Tidak memiliki hubungan kepengurusan di perusahaan, anak perusahaan,
 maupun perusahaan afiliasi                                                                                                 
 Has no management relationship in the company, subsidiaries, or affiliated
 companies

 Tidak memiliki hubungan kepemilikan saham di perusahaan                                                                    
 Has no share ownership relationship in the company

 Tidak memiliki hubungan keluarga dengan Dewan Komisaris, Direksi, dan/
 atau sesama anggota Komite Remunerasi dan Nominasi
 Has no family relationship with the Board of Commissioners, Board of                                                       
 Directors, and/or fellow members of the Remuneration and Nomination
 Committee

 Tidak menjabat sebagai pengurus partai politik, pejabat dan pemerintah                                                     
 Has not served as a political party administrator, official and government




Rapat Komite Remunerasi dan Nominasi                                          Remuneration and Nomination Committee Meeting

KEBIJAKAN RAPAT                                                               MEETING POLICY


Persyaratan, mekanisme dan tata cara rapat Komite Remunerasi                  Requirements, mechanism and procedures for Remuneration
dan Nominasi diatur dalam Piagam Komite Remunerasi dan                        and Nomination Committee meetings are regulated in the
Nominasi yang disahkan oleh Dewan Komisaris tanggal 24 Mei                    Remuneration and Nomination Committee Charter which was
2023, yaitu:                                                                  approved by the Board of Commissioners on May 24, 2023:
1. Rapat Komite Remunerasi dan Nominasi diselenggarakan                       1. Remuneration and Nomination Committee meetings are
    sekurang-kurangnya 1 (satu) kali dalam 3 (tiga) bulan,                       held at least 1 (one) time in 3 (three) months,
2. Rapat hanya dapat dilaksanakan apabila dihadiri oleh                       2. Meetings can only be held if attended by at least 51% (fifty
    paling kurang 51% (lima puluh satu persen) dari jumlah                       one percent) of the total members including an Independent
    anggota termasuk seorang Komisaris Independen dan                            Commissioner and Human Capital Executive Officer,
    Pejabat Eksekutif Human Capital,                                          3. The Remuneration and Nomination Committee meeting
3. Rapat Komite Nominasi dan Remunerasi dipimpin oleh                            is chaired by the Chairperson of the Remuneration and
    Ketua Komite Nominasi dan Remunerasi atau anggota yang                       Nomination Committee or a member appointed in writing,
    ditunjuk secara tertulis, apabila Ketua Komite Remunerasi                    if the Chairperson of the Remuneration and Nomination
    dan Nominasi berhalangan hadir                                               Committee is unable to attend
4. Keputusan       rapat    Komite     dilakukan  berdasarkan                 4. Committee meeting decisions are made based on
    musyawarah mufakat. Namun dalam hal tidak terjadi                            deliberation and consensus. However, in the event that
    musyawarah mufakat, maka pengambilan keputusan                               consensus deliberation does not occur, the decision is
    dilakukan secara voting berdasarkan suara terbanyak.                         made by voting based on the majority of votes.
5. Perbedaan pendapat (dissenting opinion) yang terjadi                       5. Dissenting opinions that occur in Committee meetings
    dalam rapat Komite wajib dicantumkan secara jelas dalam                      must be clearly stated in the minutes of the meeting along
    risalah rapat beserta alasan perbedaan pendapat tersebut.                    with the reasons for the differences of opinion.
6. Hasil rapat Komite wajib dituangkan dalam risalah rapat                    6. The results of the Committee meeting must be stated in
    oleh Sekretaris Komite, ditandatangani oleh Ketua Komite                     the minutes of the meeting by the Committee secretary,
    dan sekretaris mendokumentasikan secara baik.                                signed by the Committee Chair and the secretary properly
                                                                                 documented.




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AGENDA RAPAT KOMITE REMUNERASI DAN NOMINASI                            REMUNERATION AND NOMINATION COMMITTEE
                                                                       MEETING AGENDA


Tabel Agenda Rapat Komite Remunerasi dan Nominasi
Remuneration and Nomination Committee Meeting Agenda Table


                                                                                                                          Keterangan
                                                                                                                          (Nominasi/
        Tanggal Rapat                        Agenda Rapat                                  Peserta Rapat                 Remunerasi)
 No
         Meeting Date                        Meeting Agenda                              Meeting Participants              Remarks
                                                                                                                         (Nomination/
                                                                                                                        Remuneration)

                           1. Usulan Tantiem Pengurus PT Bank Mandiri Taspen
                              Tahun 2024
                           2. Usulan Gaji/Honorarium dan/atau Fasilitas
                                                                                    1.   Boedi Armanto
                              Pengurus PT Bank Mandiri Taspen Tahun 2025
       19 Maret 2025                                                                2.   Mustaslimah                       Remunerasi
  1                        1. Proposed tantiem for the Management of PT Bank
       March 19, 2025                                                               3.   Hendrika Nora Osloi Sinaga       Remuneration
                              Mandiri Taspen for 2024
                                                                                    4.   Oktaria Ineztianty
                           2. Proposed salaries/honorarium and/or facilities for
                              the Management of PT Bank Mandiri Taspen for
                              2025

                           Usulan Pengangkatan Kembali Anggota Dewan                1.   Boedi Armanto
       26 Juni 2025        Komisaris atas nama Hendrika Nora Osloi Sinaga           2.   Mustaslimah                        Nominasi
  2
       June 26, 2025       Proposed reappointment of a member of the Board of       3.   Hendrika Nora Osloi Sinaga        Nomination
                           Commissioners, namely Hendrika Nora Osloi Sinaga         4.   Errinto S.P. Pardede

                                                                                    1.   Boedi Armanto
       20 Agustus 2025     Pembahasan Strategi Divisi Human Capital                 2.   Mustaslimah                        Nominasi
  3
       August 20, 2025     Discussed the Human Capital Division strategy            3.   Hendrika Nora Osloi Sinaga        Nomination
                                                                                    4.   Hendro Triendarto

                                                                                    1.   Boedi Armanto
                           Usulan Perubahan Pengurus PT Bank Mandiri Taspen
       08 September 2025                                                            2.   Mustaslimah                        Nominasi
  4                        Proposed changes to the Management of PT Bank
       September 8, 2025                                                            3.   Hendrika Nora Osloi Sinaga        Nomination
                           Mandiri Taspen
                                                                                    4.   Hendro Triendarto

                           1. Usulan Perubahan Fasilitas dan Tunjangan bagi
                              Pengurus PT Bank Mandiri Taspen;
                           2. Penggantian Anggota Komite Pemantau Risiko
                                                                                    1. Boedi Armanto
       24 November 2025       Pihak Independen.                                                                             Nominasi
  5                                                                                 2. Mustaslimah
       November 24, 2025   1. Proposed changes to facilities and benefits for the                                          Nomination
                                                                                    3. Hendro Triendarto
                              Management of PT Bank Mandiri Taspen;
                           2. Replaced an Independent member of the Risk
                              Monitoring Committee.

                           Usulah Nominasi Perubahan Anggota Direksi dan
                           Dewan Komisaris PT Bank Mandiri Taspen
       04 Desember 2025                                                             1. Boedi Armanto                        Nominasi
  6                        Proposed nominations for changes in the composition
       December 4, 2025                                                             2. Hendro Triendarto                   Nomination
                           of the Board of Directors and Board of Commissioners
                           of PT Bank Mandiri Taspen

       22 Desember 2025    Human Capital Strategic Plan                             1. Boedi Armanto                        Nominasi
  7
       December 22, 2025                                                            2. Hendro Triendarto                   Nomination




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FREKUENSI DAN TINGKAT KEHADIRAN RAPAT KOMITE                                             FREQUENCY AND ATTENDANCE RATE OF REMUNERATION
REMUNERASI DAN NOMINASI                                                                  AND NOMINATION COMMITTEE MEETINGS


Tabel Tingkat Kehadiran Rapat Komite Remunerasi dan Nominasi
Table of Attendance Rate of Remuneration and Nomination Committee Meetings


                                                                                                           Remunerasi dan Nominasi
                                                                                                          Remuneration and Nomination

                                                                                                       Jumlah dan Persentasi Kehadiran
                Nama                                    Jabatan
                                                                                                     Number and Percentage of Attendance
                Name                                    Position

                                                                                        Jumlah Rapat              Jumlah Kehadiran
                                                                                                                                                    Persentase
                                                                                          Number of                  Number of
                                                                                                                                                    Percentage
                                                                                          Meetings                   Attendance

                                           Ketua Merangkap Anggota
 Vacant*                                                                                         -                            -                            -
                                           Chairman Concurrently Member

                                           Anggota
 Mustaslimah**                                                                                  5                             5                          100
                                           Member

                                           Anggota
 Hendrika Nora Osloi Sinaga***                                                                  4                             4                          100
                                           Member

                                           Anggota
 Boedi Armanto                                                                                  7                             7                          100
                                           Member

                                           Anggota Merangkap Sekretaris
 Oktaria Ineztianty****                                                                         1                             1                          100
                                           Member Concurrently Secretary

                                           Anggota Merangkap Sekretaris
 Errinto S.P. Pardede*****                                                                      1                             1                          100
                                           Member Concurrently Secretary

                                           Anggota Merangkap Sekretaris
 Hendro Triendarto******                                                                        5                             5                          100
                                           Member Concurrently Secretary

Keterangan:
*)      Posisi Ketua Komite Merangkap Anggota vacant, dalam pelaksanaan rapat pimpinan rapat ditunjuk dari anggota yang hadir. / The position of Chairman concurrently
        serving as Member was vacant; during meetings, the chairperson was appointed from among the attending members.
**)     Diberhentikan sebagai Anggota Komite Remunerasi dan Nominasi berdasarkan pada Surat Keputusan Direksi No. KEP.DIR/100/XII/2025 tanggal 29 Desember 2025
        tentang Perubahan Keanggotaan Komite Remunerasi dan Nominasi Dewan Komisaris. / Dismissed as a Member of the Remuneration and Nomination Committee based
        on the Board of Directors Decree No. KEP.DIR/100/XII/2025 dated December 29, 2025 concerning Changes in the Composition of the Remuneration and Nomination
        Committee of the Board of Commissioners.
***)    Diberhentikan sebagai Anggota Komite Remunerasi dan Nominasi berdasarkan pada Surat Keputusan Direksi No. KEP.DIR/093/X/2025 tanggal 27 Oktober 2025 tentang
        Perubahan Keanggotaan Komite Remunerasi dan Nominasi Dewan Komisaris / Dismissed as a Member of the Remuneration and Nomination Committee based on the
        Board of Directors Decree No. KEP.DIR/093/X/2025 dated October 27, 2025 concerning Changes in the Composition of the Remuneration and Nomination Committee of
        the Board of Commissioners.
****) Telah mengajukan pengunduran diri sebagai Division Head Human Capital, efektif per 1 Juni 2025 / Resigned from the position of Division Head of Human Capital,
        effective June 1, 2025.
*****) Menjabat sebagai Alt. Division Head Human Capital sehingga menjadi Anggota Merangkap Sekretaris Komite Remunerasi dan Nominasi sampai ditentukannya pejabat
        efektif. / Served as Alt. Division Head of Human Capital and concurrently as Member and Secretary of the Remuneration and Nomination Committee until the definitive
        official was appointed.
******) Menjabat sebagai Division Head Human Capital sejak Juli 2025 / Served as Division Head of Human Capital starting from July 2025




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Program Peningkatan Kompetensi Komite                                   Remuneration and Nomination Committee
Remunerasi dan Nominasi                                                 Competency Improvement Program


                                                  Jenis Pelatihan dan Materi
                                                        Pengembangan
                                                                                      Waktu dan Tempat
         Nama                   Jabatan             Kompetensi /Pelatihan                                            Penyelenggara
                                                                                        Pelaksanaan
         Name                   Position             Type of Training and                                              Organizer
                                                                                       Time and Venue
                                                  Competency Development
                                                       Material / Training

                                                  Pelatihan dapat dilihat pada Pelatihan dan/atau Peningkatan Kompetensi
                         Anggota                  Dewan Komisaris
 Boedi Armanto
                         Member                   Training can be referred to under the Board of Commissioners Training and/or
                                                  Competency Development section

                                                  Refreshment Sertifikasi
                                                                                                                 Lembaga
                                                  Manajemen Risiko Jenjang 5       26 Agustus 2025, Jakarta
                                                                                                                 Pengembangan
                                                  Risk Management Certification    August 26, 2025, Jakarta
                                                                                                                 Perbankan Indonesia
                                                  Refresher – Level 5

                                                                                   21 November 2025, Jakarta
                                                  Know Your Customer                                             Bank Mandiri Taspen
                         Anggota Ex-Officio                                        November 21, 2025, Jakarta
                         merangkap Sekretaris
 Hendro Triendarto
                         Ex-Officio Member        Blue Economy Ecosystem           25 April 2026, Jakarta
                                                                                                                 Mandiri University
                         Concurrently Secretary   Development (BEEDEV)             April 25, 2026, Jakarta

                                                                                   11 Februari 2025, Jakarta
                                                  Facilitating Skills                                            Mandiri University
                                                                                   February 11, 2025, Jakarta

                                                  Dry Run Unlocking Profilling     30 Januari 2025, Jakarta
                                                                                                                 Mandiri University
                                                  Leadership Tahun 2025            January 30, 2025, Jakarta




Program Kerja dan Laporan Singkat Pelaksanaan                           Work Program and Summary Report on The
Kegiatan Komite Remunerasi dan Nominasi Tahun 2025                      Implementation of Activities of The Remuneration
                                                                        and Nomination Committee In 2025

Sesuai dengan tugasnya dalam bidang Remunerasi dan                      In accordance with its duties in the areas of Remuneration and
Nominasi, selama tahun 2025 Komite Remunerasi dan                       Nomination, during 2025 the Remuneration and Nomination
Nominasi telah melaksanakan tugasnya melakukan kajian dan               Committee carried out its duties by conducting reviews and
memberikan rekomendasi kepada Dewan Komisaris sebanyak                  providing recommendations to the Board of Commissioners on
7 (tujuh) kali dengan hal-hal yang telah dikaji sebagai berikut:        7 (seven) occasions, covering the following matters:
1. Usulan Calon Anggota Dewan Komisaris dan Direksi untuk               1. Proposed candidates for members of the Board of
    diusulkan dalam RUPS.                                                   Commissioners and Board of Directors to be submitted to
                                                                            the GMS.
2. Usulan Remunerasi Anggota Dewan Komisaris dan Direksi                2. Proposed remuneration for members of the Board of
   untuk diusulkan dalam RUPS.                                              Commissioners and Board of Directors to be submitted to
                                                                            the GMS.
3. Usulan perubahan Struktur Organisasi.                                3. Proposed changes to the organizational structure.
4. Usulan Perubahan Fasilitas dan Tunjangan Direksi, Dewan              4. Proposed changes to facilities and benefits for the Board of
   Komisaris, dan Organ Pendukung Dewan Komisaris.                          Directors, Board of Commissioners, and supporting organs
                                                                            of the Board of Commissioners.
5. Usulan Penggantian Anggota Komite Dewan Komisaris.                   5. Proposed replacement of members of the Board of
                                                                            Commissioners’ committees.
6. Review kebijakan remunerasi, dan kebijakan human capital             6. Reviewed remuneration policies and human capital policies
   secara umum.                                                             in general.




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Komite Pemantau Risiko                                           Risk Monitoring Committee

Dasar Pembentukan Komite Pemantau Risiko                         Basis for Risk Monitoring Committee Establishment

Komite Pemantau Risiko Bank Mandiri Taspen dibentuk              The Bank Mandiri Taspen Risk Monitoring Committee was
berdasarkan Peraturan Otoritas Jasa Keuangan No. 17 Tahun        formed based on Financial Services Authority Regulation
2023 tanggal 14 September 2023 tentang Penerapan Tata            No. 17 of 2023 dated September 14, 2023 concerning the
Kelola bagi Bank Umum dan Surat Edaran Otoritas Jasa             Implementation of Governance for Commercial Banks and the
Keuangan No. 13/SEOJK.03/2017 tentang Penerapan Tata             OJK Circular Letter No. 13/ SEOJK.03/2017 on Implementation
Kelola bagi Bank Umum. Komite Pemantau Risiko Bank Mandiri       of Management for Public Bank:
Taspen dibentuk berdasarkan:
1. Peraturan Otoritas Jasa Keuangan No. 17 Tahun 2023            1. OJK Regulation no. 17 of 2023 dated September 14,
    tanggal 14 September 2023 tentang Penerapan Tata                2023 concerning the Implementation of Governance for
    Kelola bagi Bank Umum.                                          Commercial Banks.
2. Surat Edaran Otoritas Jasa Keuangan 14/SEOJK.03/2025          2. OJK Circular Letter No. 14/SEOJK.03/2025 concerning
    tentang Penerapan Tata Kelola bagi Bank Umum.                   Implementation of Governance for Commercial Banks.
3. Anggaran Dasar Bank Mandiri Taspen beserta dengan             3. Bank Mandiri Taspen Articles of Association and its
    perubahannya.                                                   amendments.
4. Keputusan Dewan Komisaris Nomor KOM/002/II/2021               4. Decision of the Board of Commissioners Number
    tanggal 24 Februari 2021 tentang Penetapan Anggota              KOM/002/ II/2021 dated February 24, 2021 concerning
    Komite-Komite Di Bawah Dewan Komisaris                          the Appointment of Members of the Committees Under the
                                                                    Board of Commissioners
5. Keputusan Direksi Nomor KEP.DIR/009/II/2021 tanggal 26        5. Decision of the Board of Directors Number KEP.
   Februari 2021 Tentang Pembentukan Komite-Komite Di               DIR/009/ II/2021 dated February 26, 2021 concerning
   Bawah Dewan Komisaris                                            the Establishment of Committees Under the Board of
                                                                    Commissioners

Pengangkatan Komite Pemantau Risiko terakhir sesuai              The most recent appointment of the Risk Monitoring Committee
persetujuan Dewan Komisaris yang disampaikan dengan              was approved by the Board of Commissioners as conveyed
Surat No. DEKOM/083/2025 tanggal 25 November 2025                through Letter No. DEKOM/083/2025 dated November 25, 2025
tentang Penetapan Perubahan Keanggotaan komite Pemantau          regarding the Determination of Changes in the Membership of
Risiko Dewan Komisaris, dan selanjutnya diangkat oleh            the Board of Commissioners’ Risk Monitoring Committee, and
Direksi dengan Keputusan No. KEP.DIR/095/XI/2025 tanggal         subsequently appointed by the Board of Directors through Decree
25 November 2025 tentang Perubahan Keanggotaan Komite            No. KEP.DIR/095/XI/2025 dated November 25, 2025 concerning
Pemantau Risiko Dewan Komisaris.                                 Changes in the Membership of the Board of Commissioners’ Risk
                                                                 Monitoring Committee.


Piagam Komite Pemantau Risiko                                    Charter of Risk Monitoring Committee

Piagam Komite Pemantau Risiko disusun sebagai pedoman            The Risk Monitoring Committee Charter is prepared as
bagi anggota Komite dalam melaksanakan tugas dan                 a guideline for Committee members in carrying out their
tanggung jawabnya agar efisien, efektif, transparan, kompeten,   duties and responsibilities so that they are efficient, effective,
independen, dan dapat dipertanggungjawabkan, sehingga            transparent, competent, independent, and accountable to be
dapat diterima oleh semua pihak yang berkepentingan dan          accepted by all interested parties and following the applicable
sesuai dengan peraturan perundang-undangan yang berlaku.         laws and regulations. The Charter of the Risk Monitoring
Piagam Komite Pemantau Risiko disusun dengan tujuan              Committee was prepared to assist the Board of Commissioners
untuk membantu Dewan Komisaris dalam menjalankan peran           in carrying out its supervisory role over the Bank. The Charter of
pengawasan terhadap Bank. Piagam Komite Pemantau Risiko          the Risk Monitoring Committee has been approved and signed
telah disahkan dan ditandatangani oleh seluruh anggota           by all members of the Board of Commissioners on May 24,
Dewan Komisaris pada tanggal 24 Mei 2023. Adapun isi dari        2023. The contents of the Risk Monitoring Committee Charter
Piagam Komite Pemantau Risiko, memuat dan mengatur hal-          include and regulate the following matters:
hal sebagai berikut:




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1. Latar Belakang dan Tujuan                                        1. Background and Objectives
2. Dasar Peraturan                                                  2. Legal Basis
3. Pengangkatan, Komposisi, Struktur                                3. Appointment, Composition, and Structure
4. Persyaratan Keanggotaan                                          4. Membership Requirements
5. Tugas dan Tanggung Jawab                                         5. Duties and Responsibilities
6. Kewenangan                                                       6. Authority
7. Hubungan Kerja                                                   7. Working Relationships
8. Rapat Komite                                                     8. Committee Meetings
9. Pelaporan                                                        9. Reporting
10. Masa Tugas                                                      10. Term of Office
11. Kerahasiaan                                                     11. Confidentiality
12. Penutup                                                         12. Closing


Tugas dan Tanggung Jawab Komite Pemantau Risiko                     Duty and Responsibility of Risk Monitoring Committee

Berdasarkan Piagam, Komite Pemantau Risiko memiliki tugas           Based on the charter, the Risk Monitoring Committee has the
dan tanggung jawab untuk membantu dan memfasilitasi                 duty and responsibility to assist and facilitate Commissioners
Komisaris dalam menjalankan tugas dan fungsi pengawasan             in performing their duties and monitoring function of matters
atas hal-hal yang terkait dengan pemantauan risiko antara           related to risk monitoring, including:
lain:
1. Memberikan masukan kepada Komisaris dalam penyusunan             1. Giving input to the Commissioners in preparing and
     dan perbaikan manajemen risiko yang berkaitan dengan              improving risk management related to risk control in asset
     pengendalian risiko di bidang pengelolaan asset and               and liability management, liquidity, credit and operation
     liability, likuiditas, perkreditan serta operasional sebelum      before gaining the Commissioners’ approval.
     mendapat persetujuan Komisaris.
2. Melakukan diskusi dengan Direksi atau unit kerja yang            2. Having discussion with the Board of Directors or work
     terkait dengan masalah yang manajemen risikonya perlu             units related to problems whose risk management should
     dibahas.                                                          be discusses.
3. Mengevaluasi kesesuaian antara kebijakan manajemen               3. Evaluating the consistency of risk management policy with
     risiko dengan pelaksanaan dalam kegiatan Bank.                    implementation in Bank activities.
4. Memantau dan mengevaluasi pelaksanaan tugas Komite               4. Monitoring and evaluating the performance of the duties
     Manajemen Risiko dan Satuan Kerja Manajemen Risiko.               of the Risk Management Committee and Risk Management
                                                                       Work Unit.
5. Mempelajari, mengkaji ulang kebijakan dan peraturan-             5. Studying, reviewing internal policies and regulations on risk
    peraturan internal tentang kebijakan manajemen risiko              management policy made the Board of Directors.
    yang dibuat Direksi.
6. Memastikan telah dipertimbangkannya segala risiko yang           6. Ensuring the consideration of all important risks in new
    penting dalam produk-produk Bank Mandiri Taspen yang               products of Bank Mandiri Taspen and all impacts of internal
    baru dan segala dampak adanya perubahan atau kejadian              and external changes or significant events on Bank Mandiri
    yang signifikan baik yang berasal dari internal maupun             Taspen.
    eksternal Bank Mandiri Taspen .
7. Mengkaji ulang secara berkala terhadap kebijakan                 7. Regularly reviewing risk management policy and guideline
    manajemen risiko beserta pedoman pelaksanaannya dan                of the implementation and all changes and adjustments of
    semua perubahan serta penyesuaian kebijakan manajemen              risk management policies.
    risiko.
8. Melakukan evaluasi terhadap akurasi model dan validitas          8. Evaluating the accuracy of model and validity of data used
    data yang digunakan untuk mengukur risiko.                          to measure risk.
9. Mengikuti dan mempelajari keputusan-keputusan Komite             9. Following and studying the decisions of the Risk
    Manajemen Risiko.                                                   Management Committee.
10. Melakukan kajian draft laporan triwulan profil risiko Bank      10. Reviewing draft of quarterly individual and consolidated
    Mandiri Taspen secara individual maupun konsolidasi                 risk profile reports of Bank Mandiri Taspen with the
    bersama Komisaris, sehingga laporan triwulan profil risiko          Commissioners, so that the quarterly individual and
    Bank Mandiri Taspen secara individual maupun konsolidasi            consolidated risk profile reports of Bank Mandiri Taspen for
    ke Otoritas Jasa Keuangan telah dibahas dengan Komisaris.           the Financial Service Authority have been discussed with
                                                                        the Commissioners.




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11. Menyampaikan rekomendasi atau masukan kepada                   11. Giving recommendation or input for the Commissioners on
    Komisaris atas hal-hal yang perlu mendapat perhatian               matters which are considered important to pay attention
    dan yang perlu dibicarakan dengan Direksi, agar Direksi            to and discuss with the Board of Directors, so that the
    melakukan tindak lanjut dari hasil evaluasi manajemen              Board of Directors follow up the result of risk management
    risiko oleh Komite.                                                evaluation by the Committee.
12. Secara proaktif menyelenggarakan rapat dengan Direksi          12. Proactively holding meetings with the Board of Directors
    Bank Mandiri Taspen apabila Komite mengantisipasi akan             of Bank Mandiri Taspen if the committee anticipates risk,
    adanya risiko, khususnya apabila ada peristiwa penting,            especially in case of significant event, external regulation
    peraturan eksternal yang mempengaruhi dibidang usaha               which affect the business of Bank Mandiri Taspen.
    Bank Mandiri Taspen .
13. Melakukan evaluasi secara berkala terhadap perkembangan        13. Regularly evaluating the development on the change of
    atas perubahan struktur organisasi yang sedang dijalankan          organizational structure being conducted by Bank Mandiri
    oleh Bank Mandiri Taspen .                                         Taspen.
14. Monitoring adanya informasi negatif terhadap nasabah-          14. Monitoring negative information on customers of Bank
    nasabah Bank Mandiri Taspen yang dapat menyebabkan                 Mandiri Taspen which may increase credit risk.
    meningkatnya risiko kredit.


Wewenang Komite Pemantau Risiko                                    Authority of Risk Monitoring Committee

Adapun kewenangan yang dimiliki oleh Komite Pemantau               The authority of the Risk Monitoring Committee is as follows:
Risiko adalah sebagai berikut:
1. Ketua dan anggota Komite dapat menghadiri rapat Risk            1. The Chairperson and members of the Committee may attend
    Management sebagai undangan.                                      the Risk Management Committee meetings by invitation.
2. Ketua dan anggota Komite dapat meminta laporan-laporan          2. The chairman and members of the Committee may
    internal yang berkaitan dengan pengendalian risiko dibidang       request internal reports related to risk control in asset and
    pengelolaan asset and liability, perkreditan, treasury,           liability management, credit, treasury, operation and GCG
    operasional serta penerapan GCG antara lain menyangkut:           implementation, including related to:
    a. Eksposur risiko.                                               a. Risk exposure.
    b. Kepatuhan terhadap kebijakan dan prosedur serta                b. Compliance to policies and procedures and
         penetapan limit-limit.                                            implementation of limits.
    c. Realisasi       pelaksanaan     pengendalian       risiko      c. Realization of risk control implementation compared
         dibandingkan dengan target yang telah ditetapkan.                 with established target.
    d. Laporan berkala profil risiko Bank secara individual           d. Regular individual and consolidated Bank risk profile
         maupun secara konsolidasi kepada Otoritas Jasa                    reports for the Financial Service Authority.
         Keuangan.
    e. Laporan penerapan GCG                                          e. GCG implementation report
    f. Laporan realisasi Rencana Bisnis Bank.                         f. Report of realization of Bank Business Plans.
3. Bekerja sama dengan Komite Audit secara umum dan                3. Working with the Audit Committee generally and
    secara khusus untuk meminta lnternal Audit untuk                  specifically to request Internal Audit to examine certain
    melakukan pemeriksaan terhadap bidang-bidang tertentu             fields with worsening risk exposures.
    yang eksposur risikonya memburuk.
4. Mensosialisasikan dan memberikan konseling bagi Direksi         4. Socializing and providing counseling to the Board of
    dan jajarannya dalam rangka implementasi GCG.                     Directors and its ranks to implement GCG.
5. Melaksanakan komunikasi dengan pihak-pihak atau lembaga         5. Holding communication with external parties or institutions
    eksternal terkait dengan permasalahan GCG dengan terlebih         on GCG issues by first gaining the approval of the Board of
    dahulu mendapat persetujuan Dewan Komisaris.                      Commissioners.


Masa Jabatan Komite Pemantau Risiko                                Term of Service of the Risk Monitoring Committee

Masa jabatan anggota Komite Pemantau Risiko diatur dalam           The term of office of the members of the Risk Monitoring
Piagam Komite Pemantau Risiko yang telah disahkan dan              Committee is stipulated in the Risk Monitoring Committee
ditandatangani oleh seluruh anggota Dewan Komisaris pada           Charter, which has been approved and signed by all members
tanggal 24 Mei 2023. Masa jabatan Komite Pemantau Risiko           of the Board of Commissioners on May 24, 2023. The term of
adalah sebagai berikut:                                            office of the Risk Monitoring Committee is as follows:




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a.   Masa tugas anggota Komite Audit yang berasal dari                               a. The term of office of members of the Risk Monitoring
     anggota Dewan Komisaris tidak boleh lebih lama daripada                            Committee who come from members of the Board of
     masa jabatan Komisaris dan dapat diangkat kembali hanya                            Commissioners may not be longer than the term of office of
     untuk 1 (satu) periode berikutnya;                                                 the Commissioner and can be reappointed only for the next
                                                                                        1 (one) period;
b. Masa kerja anggota Komite ditetapkan sama dengan masa                             b. The term of office of the members of the Committee is
   jabatan Dewan Komisaris dengan ketentuan anggota                                     determined to be the same as the term of office of the
   Komite sewaktu-waktu dapat diberhentikan berdasarkan                                 Board of Commissioners provided that the members of
   keputusan Dewan Komisaris;                                                           the Committee can be dismissed at any time based on the
                                                                                        decision of the Board of Commissioners;
c.   Pemberhentian tersebut akan dituangkan dalam suatu                              c. The dismissal will be stated in a Board of Directors Decree.
     Keputusan Direksi.


Struktur, Keanggotaan dan Keahlian Komite                                            Structure, Membership and Expertise of Risk
Pemantau Risiko                                                                      Monitoring Committee

Pengangkatan Anggota Komite terakhir Sesuai Surat Keputusan                          The latest appointment of Committee members was in
Direksi No. KEP.DIR/095/XI/2025 tanggal 25 November 2025                             accordance with the Board of Directors Decree No. KEP.
tentang Perubahan Keanggotaan Komite Pemantau Risiko                                 DIR/095/XI/2025 dated November 25, 2025 concerning
Dibawah Dewan Komisaris.                                                             Changes in the Composition of the Risk Monitoring Committee
                                                                                     under the Board of Commissioners.



                Nama                                   Jabatan                                Keterangan                                Keahlian
                Name                                   Position                               Information                               Expertise

                                          Ketua Merangkap Anggota
                                                                                  Komisaris Independen                     Ekonomi
 Boedi Armanto                            Chairman concurrently serving
                                                                                  Independent Commissioner                 Economics
                                          as Member

                                          Anggota Pihak Independen                Pihak Independen                         Manajemen Risiko
 Wignyo M. Mulyono
                                          Independent Party Member                Independent Party                        Risk Management

                                          Anggota Pihak Independen                Pihak Independen                         Keuangan
 Istu Wahudi*
                                          Independent Party Member                Independent Party                        Finance

                                          Anggota Pihak Independen                Pihak Independen                         Keuangan
 Putut Sukoco Ardi**
                                          Independent Party Member                Independent Party                        Finance

Keterangan / Note:
*) Diberhentikan sebagai Anggota Pihak Independen Komite Pemantau Risiko berdasarkan Surat Keputusan Direksi No. KEP.DIR/095/XI/2025 tanggal 25 November 2025
    tentang Perubahan Keanggotaan Komite Pemantau Risiko Dewan Komisaris. / Dismissed as an Independent Member of the Risk Monitoring Committee based on Directors’
    Decree No. KEP.DIR/095/XI/2025 dated 25 November 2025 concerning the Change in Composition of the Risk Monitoring Committee under the Board of Commissioners.
**) Diberhentikan sebagai Anggota Pihak Independen Komite Pemantau Risiko berdasarkan Surat Keputusan Direksi No. KEP.DIR/095/XI/2025 tanggal 25 November 2025
    tentang Perubahan Keanggotaan Komite Pemantau Risiko Dewan Komisaris. / Appointed as an Independent Member of the Risk Monitoring Committee based on Directors’
    Decree No. KEP.DIR/095/XI/2025 dated 25 November 2025 concerning the Change in Composition of the Risk Monitoring Committee under the Board of Commissioners.




     594                                                                                                                                 Laporan Tahunan 2025
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                                                                                                                         PT Bank Mandiri Taspen




Profil Komite Pemantau Risiko                                                Risk Monitoring Committee Profile

Profil Komite Pemantau Risiko per 31 Desember 2025 adalah                    The profile of the Risk Monitoring Committee as of December
sebagai berikut.                                                             31, 2025 is as follows.



                                                               Boedi Armanto
                                                      Ketua Komite Pemantau Risiko
                                                 Chairman of the Risk Monitoring Committee

                                 Profil Beliau dapat dilihat dalam Profil Dewan Komisaris dalam Laporan Tahunan ini.
                                 His profile can be seen in the Board of Commissioners Profile in this Annual Report




                                       Wignyo M. Mulyono
                                       Anggota Komite Pemantau Risiko/Pihak Independen
                                       Member of the Risk Monitoring Committee /Independent Party

                                       Lahir di Temanggung pada tahun 1964.             Domisili / Domicile:           Warga negara Indonesia
                                       Usia 61 tahun Per Desember 2025.                 Jakarta, Indonesia             Indonesian citizens
                                       Born in Temanggung in 1964.
                                       Age 61 years as of December 2025.


Riwayat Pendidikan                                                           Educational Background
• Sarjana Akuntansi dari Universitas Gadjah Mada (1987)                      • Bachelor of Accounting from Universitas Gadjah Mada (1987)
• Master of Business and Administration (Finance) dari University of         • Master of Business and Administration (Finance) from University of
  Arkansas (1996)                                                              Arkansas (1996)

Sertifikasi                                                                  Certification
Sertifikasi Manajemen Risiko Kualifikasi 7                                   Risk Management Certification Qualification 7

  Pengalaman Kerja                                                             Work Experience
  • Liquidity Risk & MIS Manager PT Bank Mandiri (Persero) Tbk                 • Liquidity Risk & MIS Manager PT Bank Mandiri (Persero) Tbk
    (2015-2020)                                                                  (2015-2020)
  • Assets & Liability Manager PT Bank Mandiri (Persero) Tbk                   • Assets & Liability Manager PT Bank Mandiri (Persero) Tbk (2008-
    (2008-2015)                                                                  2015)
  • Deputy General Manager Hongkong Branch PT Bank Mandiri                     • Deputy General Manager Hongkong Branch PT Bank Mandiri
    (Persero) Tbk (2005-2008)                                                    (Persero) Tbk (2005-2008)
  • Interest Rate Risk Manager PT Bank Mandiri (Persero) Tbk                   • Interest Rate Risk Manager PT Bank Mandiri (Persero) Tbk (1998-
    (1998-2004)                                                                  2004)

  Dasar Hukum Pengangkatan                                                     Legal Basis of Appointment
  Keputusan Direksi No. KEP.DIR/003.1/I/2021 tanggal 21 Januari                Board of Directors Decree No. KEP.DIR/003.1/I/2021 dated January
  2021                                                                         21, 2021

  Periode dan Masa Jabatan                                                     Period and The term of office
  Periode I : 2021 – 2024                                                      Period I: 2021–2024
  Periode II : 2024 – sekarang                                                 Period II: 2024–Present

  Jabatan Rangkap                                                              Concurrent Positions
  Direktur Eksekutif Bankers Association for Risk Management (BARa)            Executive Director of the Bankers Association for Risk Management
                                                                               (BARa)




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Page 596
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                                   Putut Sukoco Ardi
                                   Anggota Komite Pemantau Risiko /Pihak Independen
                                   Member of the Risk Monitoring Committee /Independent Party

                                   Lahir di Gunungkidul pada tahun 1976.           Domisili / Domicile:        Warga negara Indonesia
                                   Usia 49 tahun Per Desember 2025.                Jakarta, Indonesia          Indonesian citizens
                                   Born in Gunungkidul in 1976.
                                   Age 49 years as of December 2025.


Riwayat Pendidikan                                                     Educational Background
• Diploma III Spesialisasi Anggaran Sekolah Tinggi Akutansi Negara     • Diploma III in Budgeting Specialization, School of State Finance
  Program Diploma Keuangan (1997)                                        (STAN), Diploma Program in Finance (1997)
• Sarjana Ekonomi Fakultas Ekonomi Universitas Terbuka (2002)          • Bachelor of Economics, Faculty of Economics, Universitas Terbuka
• Magister Perencanaan dan Kebijakan Publik Fakultas Ekonomi             (2002)
  Universitas Indonesia (2008)                                         • Master of Public Policy and Planning, Faculty of Economics,
                                                                         Universitas Indonesia (2008)

Sertifikasi                                                            Certification
• Certification in Audit Commitee Practices                            • Certification in Audit Commitee Practices
• Certified Risk Governance Professional                               • Certified Risk Governance Professional
• Sertifikasi Manajemen Risiko Perbankan Kualifikasi 4                 • Banking Risk Management Certification – Level 4

  Pengalaman Kerja                                                         Work Experience
  • Kepala Seksi Harmonisasi Peraturan Remunerasi Pejabat                  • Head of Section for Harmonization of Remuneration Regulations
    Negara dan Pimpinan Lembaga Non Struktural Ditjen Anggaran               for State Officials and Leaders of Non-Structural Institutions,
    Kementerian Keuangan (2011-2015)                                         Directorate General of Budget, Ministry of Finance (2011–2015)
  • Kepala Seksi Harmonisasi Peraturan Jaminan Kesehatan Ditjen            • Head of Section for Harmonization of Health Insurance
    Anggaran Kementerian keuangan (2015-2018)                                Regulations, Directorate General of Budget, Ministry of Finance
                                                                             (2015–2018)
  • Kepala Seksi Harmonisasi Peraturan Jaminan Kecelakaan Kerja            • Head of Section for Harmonization of Work Accident and Death
    dan Kematian Ditjen Anggaran Kementerian Keuangan (2018-                 Insurance Regulations, Directorate General of Budget, Ministry of
    2019)                                                                    Finance (2018–2019)
  • Kepala Seksi Harmonisasi Peraturan Jaminan Pensiun dan THT             • Head of Section for Harmonization of Pension and Severance
    Ditjen Anggaran Kementerian Keuangan (2019-2025)                         Insurance Regulations, Directorate General of Budget, Ministry of
                                                                             Finance (2019–2025)
  • Analis Keuangan Negara Direktorat Jenderal Anggaran                    • State Financial Analyst, Directorate General of Budget, Ministry
    Kementerian Keuangan (2025-sekarang)                                     of Finance (2025–present)
  • Anggota Komite Pemantau Manajemen Risiko PT Asuransi Jiwa              • Member of the Risk Management Monitoring Committee, PT
    Taspen (2019-2024)                                                       Asuransi Jiwa Taspen (2019–2024)
  • Anggota Komite Audit PT Asuransi Jiwa (2024-2025)                      • Member of the Audit Committee, PT Asuransi Jiwa (2024–2025)

  Dasar Hukum Pengangkatan                                                 Legal Basis of Appointment
  Keputusan Direksi No. KEP.DIR/095/XI/2025 tanggal 25 November            Board of Directors’ Decree No. KEP.DIR/095/XI/2025 dated 25
  2025                                                                     November 2025.

  Periode dan Masa Jabatan                                                 Period and The term of office
  Periode I: 2025 - sekarang                                               Period I: 2025 - present

  Jabatan Rangkap                                                          Concurrent Positions
  Analis Keuangan Negara Direktorat Jenderal Anggaran Kementerian          State Financial Analyst, Directorate General of Budget, Ministry of
  Keuangan (2025-sekarang)                                                 Finance (2025–present)




    596                                                                                                                Laporan Tahunan 2025
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                                                                                                                                       PT Bank Mandiri Taspen




Kualifikasi Pendidikan dan Pengalaman Kerja Komite                                     Educational Qualification and Work Experience
Pemantau Risiko                                                                        of Risk Monitoring Committee

Per 31 Desember 2025, kualifikasi pendidikan dan pengalaman                            Per December 31, 2025, the educational qualification and
kerja Ketua dan anggota Komite Pemantau Risiko adalah                                  work experience of the Chairman and members of the Risk
sebagai berikut.                                                                       monitoring Committee are as follows.


Tabel Kualifikasi Pendidikan dan Pengalaman Kerja Komite Pemantau Risiko
Table of Educational Qualifications and Work Experience of the Risk Monitoring Committee


           Nama                         Jabatan                                Pendidikan                                       Pengalaman Kerja
           Name                         Position                                Education                                        Work Experience

                                                              •   Sarjana Agronomi
                               Ketua Merangkap                •   Master of Applied Economics                      Memiliki pengalaman sebagai pengawas
                               Anggota                        •   Doktor Ekonomi                                   perbankan dan Komisaris Perbankan
 Boedi Armanto
                               Chairman concurrently          •   Sarjana Agronomi                                 Has experience as a banking supervisor
                               serving as Member              •   Master of Applied Economics                      and banking commissioner
                                                              •   Doktor Ekonomi

                               Anggota Pihak                  •   Sarjana Akuntansi
                               Independen                     •   Master of Business Administration                Memiliki pengalaman di bidang perbankan
 Wignyo M. Mulyono
                               Independent Party              •   Sarjana Akuntansi                                Have experience in banking
                               Member                         •   Master of Business Administration

                               Anggota Pihak                  •   Sarjana Ekonomi                                  Memiliki pengalaman kerja di bidang
                               Independen                     •   Magister Manajemen                               keuangan dan pemerintahan
 Istu Wahudi*
                               Member of the                  •   Sarjana Ekonomi                                  Had work experience in the finance and
                               Independent Party              •   Magister Manajemen                               government sectors

                                                              •   Diploma III Spesialisasi Anggaran
                                                              •   Sarjana Ekonomi
                               Anggota Pihak                  •   Magister Perencanaan dan Kebijakan               Memiliki pengalaman kerja di bidang
                               Independen                         Publik                                           keuangan dan pemerintahan
 Putut Sukoco Ardi**
                               Member of the                  •   Diploma III in Budgeting Specialization          Had work experience in the finance and
                               Independent Party              •   Bachelor’s Degree in Economics                   government sectors
                                                              •   Master’s Degree in Public Policy and
                                                                  Planning

Keterangan / Note:
*) Diberhentikan sebagai Anggota Pihak Independen Komite Pemantau Risiko berdasarkan Surat Keputusan Direksi No. KEP.DIR/095/XI/2025 tanggal 25 November 2025
    tentang Perubahan Keanggotaan Komite Pemantau Risiko Dewan Komisaris. / Dismissed as an Independent Member of the Risk Monitoring Committee based on the
    Board of Directors Decree No. KEP.DIR/095/XI/2025 dated November 25, 2025 concerning Changes in the Composition of the Risk Monitoring Committee of the Board of
    Commissioners.
**) Diangkat sebagai Anggota Pihak Independen Komite Pemantau Risiko berdasarkan Surat Keputusan Direksi No. KEP.DIR/095/XI/2025 tanggal 25 November 2025 tentang
    Perubahan Keanggotaan Komite Pemantau Risiko Dewan Komisaris. / Appointed as an Independent Member of the Risk Monitoring Committee based on the Board of Directors
    Decree No. KEP.DIR/095/XI/2025 dated November 25, 2025 concerning Changes in the Composition of the Risk Monitoring Committee of the Board of Commissioners.




Independensi Komite Pemantau Risiko                                                    Independence of Risk Monitoring Committee

Seluruh anggota Komite Pemantau Risiko yang berasal                                    All members of Risk Monitoring Committee from Independent
dari Pihak Independen tidak memiliki hubungan keuangan,                                Parties didn’t have any financial, management, stock ownership
kepengurusan, kepemilikan saham dan/atau hubungan                                      and/or family relations with the Board of Commissioners, Board
keluarga dengan Dewan Komisaris, Direksi dan/atau Pemegang                             of Directors and/or Controlling Shareholder or relation with the
Saham Pengendali atau hubungan dengan Bank, yang dapat                                 Bank, which may affect their ability to act independently.
mempengaruhi kemampuannya bertindak independen.




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Page 598
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Tabel Independensi Komite Pemantau Risiko
Table of Independence of the Risk Monitoring Committee

                Aspek Independensi                                                        Wignyo M.                Putut Sukoco
                                                              Boedi Armanto                                                                  Istu Wahudi
               Independence Aspect                                                        Mulyono                      Ardi

 Tidak memiliki hubungan keuangan dengan
 Dewan Komisaris dan Direksi                                                                                                                     
 Has no financial relationship with the Board of
 Commissioners and Board of Directors

 Tidak memiliki hubungan kepengurusan
 di perusahaan, anak perusahaan, maupun
 perusahaan afiliasi                                                                                                                             
 Has no management relationship in the company,
 subsidiaries, or affiliated companies

 Tidak memiliki hubungan kepemilikan saham di
 perusahaan                                                                                                                                      
 Has no share ownership relationship in the
 company

 Tidak memiliki hubungan keluarga dengan Dewan
 Komisaris, Direksi, dan/atau sesama anggota
 Komite Pemantau Risiko                                                                                                                          
 Has no family relationship with the Board of
 Commissioners, Board of Directors, and/or fellow
 members of the Risk Monitoring Committee

 Tidak menjabat sebagai pengurus partai politik,
 pejabat dan pemerintah                                                                                                                          
 Has not served as a political party administrator,
 official and government




Program Peningkatan Kompetensi Komite Pemantau                                        Risk Monitoring Committee Competency
Risiko                                                                                Development Program


                                                                                                                     Waktu dan
                                                       Jenis Pelatihan dan Materi Pengembangan                        Tempat
       Nama                     Jabatan                          Kompetensi /Pelatihan                              Pelaksanaan             Penyelenggara
       Name                     Position                    Type of Training and Competency                           Date and                Organizer
                                                             Development Materials / Training                         Venue of
                                                                                                                   Implementation

                        Ketua Merangkap
                                                     Pelatihan dapat dilihat pada Pelatihan dan/atau Peningkatan Kompetensi Dewan Komisaris
                        Anggota
 Boedi Armanto                                       Training can be referred to under the Board of Commissioners Training and/or Competency
                        Chairman concurrently
                                                     Development section
                        serving as Member

                        Anggota Pihak                                                                              December 4–5,
 Wignyo M.              Independen                                                                                 2025, Online
                                                     Risk Beyond 2025                                                                      ERMA
 Mulyono                Independent Party                                                                          December 4–5,
                        Member                                                                                     2025, Online

                        Anggota Pihak
                        Independen
 Istu Wahudi*                                                                     -                                            -                      -
                        Member of the
                        Independent Party

                        Anggota Pihak
 Putut Sukoco           Independen
                                                                                  -                                            -                      -
 Ardi**                 Member of the
                        Independent Party

Keterangan / Note:
*) Diberhentikan sebagai Anggota Pihak Independen Komite Pemantau Risiko berdasarkan Surat Keputusan Direksi No. KEP.DIR/095/XI/2025 tanggal 25 November 2025
    tentang Perubahan Keanggotaan Komite Pemantau Risiko Dewan Komisaris. / Dismissed as Independent Member of the Risk Monitoring Committee based on Directors’
    Decree No. KEP.DIR/095/XI/2025 dated 25 November 2025 concerning the Change in Composition of the Risk Monitoring Committee under the Board of Commissioners.
**) Diangkat sebagai Anggota Pihak Independen Komite Pemantau Risiko berdasarkan Surat Keputusan Direksi No. KEP.DIR/095/XI/2025 tanggal 25 November 2025 tentang
    Perubahan Keanggotaan Komite Pemantau Risiko Dewan Komisaris. / Appointed as Independent Member of the Risk Monitoring Committee based on Directors’ Decree No.
    KEP.DIR/095/XI/2025 dated 25 November 2025 concerning the Change in Composition of the Risk Monitoring Committee under the Board of Commissioners.




     598                                                                                                                                 Laporan Tahunan 2025
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                                                                                                               PT Bank Mandiri Taspen




Rapat Komite Pemantau Risiko                                         Risk Monitoring Committee Meeting

KEBIJAKAN RAPAT                                                      MEETING POLICY


Persyaratan, mekanisme dan tata cara rapat Komite Pemantau           The requirements, mechanisms, and procedures for the Risk
Risiko diatur dalam Piagam Komite Pemantau Risiko yang               Monitoring Committee meetings are governed by the Risk
disahkan oleh Dewan Komisaris tanggal 24 Mei 2023, yaitu:            Monitoring Committee Charter, which was approved by the
                                                                     Board of Commissioners on May 24, 2023, as follows:
1. Rapat Komite Pemantau Risiko diselenggarakan sekurang-            1. The Risk Monitoring Committee meeting is held at least
   kurangnya sekali dalam 1 (satu) bulan.                               once in 1 (one) month.
2. Rapat Komite Pemantau Risiko dianggap sah apabila                 2. The Risk Monitoring Committee meeting is considered valid
   dihadiri paling kurang 51% dari jumlah anggota termasuk              if attended by at least 51% of the total members including a
   seorang Komisaris dan Pihak Independen.                              Commissioner and an Independent Party.
3. Rapat dipimpin oleh Ketua Komite Pemantau Risiko atau             3. The meeting is chaired by the Chairperson of the Risk
   anggota yang ditunjuk secara tertulis, apabila Ketua Komite          Monitoring Committee or a member appointed in writing,
   Pemantau Risiko berhalangan hadir.                                   if the Chairperson of the Risk Monitoring Committee is
                                                                        unable to attend.
4. Keputusan Rapat Komite Pemantau Risiko diambil                    4. The decisions of the Risk Monitoring Committee Meetings
   berdasarkan musyawarah mufakat, Dalam hal tidak terjadi              are taken based on deliberation to reach consensus. In
   musyawarah mufakat pengambilan keputusan dilakukan                   the event that there is no consensus, the decision is made
   berdasarkan suara terbanyak.                                         based on the majority of votes.
5. Perbedaan pendapat (dissenting opinion) yang terjadi              5. Dissenting opinions that occur in committee meetings must
   dalam rapat komite wajib dicantumkan secara jelas dalam              be clearly stated in the minutes of the meeting along with
   risalah rapat beserta alasan perbedaan pendapat tersebut.            the reasons for the differences of opinion.
6. Rapat Komite Audit harus dituangkan dalam risalah rapat           6. Audit Committee meeting must be stated in the minutes
   yang ditanda tangani oleh seluruh anggota yang hadir                 of the meeting signed by all members present and well
   serta didokumentasi dengan baik.                                     documented.


AGENDA RAPAT KOMITE PEMANTAU RISIKO                                  RISK MONITORING COMMITTEE MEETING AGENDA

Tabel Agenda Rapat Komite Pemantau Risiko
Risk Monitoring Committee Meeting Agenda Table

          Tanggal                                                                                                 Peserta Rapat
 No                                Agenda Rapat                              Meeting Agenda
           Date                                                                                                 Meeting participants

  1    20 Januari      Update Arahan Dewan Komisaris             Update on the Board of Commissioners’         1. Boedi Armanto
       2025            Desember 2024; Monitoring RAS Mantap      directives for December 2024; monitoring of   2. Wignyo M. Mulyono
       January 20,     Desember 2024; Update Dashboard Risk      RAS Mantap for December 2024; update on       3. Istu Wahudi
       2025            Management oleh Divisi Risk Management.   the Risk Management dashboard by the Risk
                                                                 Management Division.

  2    28 Februari     1. Laporan Kepatuhan Semester 2 Tahun     1. Compliance Report for Semester II          1. Boedi Armanto
       2025               2024 oleh Divisi Compliance               2024 by the Compliance Division.           2. Wignyo M. Mulyono
       February 28,    2. Strategi Dana Retail dari Divisi       2. Retail funding strategy by the             3. Istu Wahudi
       2025               Distribution & Portfolio Management       Distribution & Portfolio Management
                          dan Divisi Funding & Investment           Division and the Funding & Investment
                          Product                                   Product Division.
                       3. Update Arahan Dewan Komisaris          3. Update on the Board of Commissioners’
                          Update Penilaian TKB periode              direc-tives, update on TKB assessment
                          Desember 2024; Monitoring RAS             for the De-cember 2024 period,
                          Mantap 2025; Dashboard Risk               monitoring of RAS Man-tap 2025, and
                          Management oleh Divisi Risk               Risk Management dashboard by the Risk
                          Management.                               Management Division.

  3    20 Maret 2024   Update Arahan Dewan Komisaris Februari    Update on the Board of Commissioners’         1. Boedi Armanto
       March 20,       2025; Monitoring RAS Februari 2025;       directives for February 2025; monitoring of   2. Wignyo M. Mulyono
       2024            Dashboard Risk Management oleh Divisi     RAS for February 2025; Risk Management        3. Istu Wahudi
                       Risk Management.                          dashboard by the Risk Management
                                                                 Division.




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            Tanggal                                                                                                   Peserta Rapat
 No                                  Agenda Rapat                               Meeting Agenda
             Date                                                                                                   Meeting participants

  4    29 April 2025    Update Arahan Dewan Komisaris Maret         Update on the Board of Commissioners’          1. Boedi Armanto
       April 29, 2025   2025; Monitoring RAS Maret 2025;            directives for March 2025; monitoring          2. Wignyo M. Mulyono
                        Penilaian Profil Risiko Triwulan I 2025;    of RAS for March 2025; risk profile            3. Istu Wahudi
                        Update Dashboard Risk Management oleh       assessment for the first quarter of
                        Divisi Risk Management.                     2025; update on the Risk Management
                                                                    dashboard by the Risk Management
                                                                    Division.

  5    26 Mei 2025      Update Arahan Dewan Komisaris April         Update on the Board of Commissioners’          1. Boedi Armanto
       May 26, 2025     2025; Monitoring RAS April 2025; Update     directives for April 2025; monitoring of       2. Wignyo M. Mulyono
                        Dashboard Risk Management oleh Divisi       RAS for April 2025; update on the Risk         3. Istu Wahudi
                        Risk Management                             Management dashboard by the Risk
                                                                    Management Division.

  6    16 Juni 2025     Update Arahan Dewan Komisaris Mei           Update on the Board of Commissioners’          1. Boedi Armanto
       June 16, 2025    2025; Monitoring RAS Mei 2025; Materi       directives for May 2025; monitoring of         2. Wignyo M. Mulyono
                        Strategi Pendanaan Bank; Materi Control     RAS for May 2025; banking funding              3. Istu Wahudi
                        Testing Risk Business Control; Update       strategy materials; business control risk
                        Dashboard Risk Management oleh Divisi       control testing materials; update on the
                        Risk Management.                            Risk Management dashboard by the Risk
                                                                    Management Division.

  7    22 Juli 2025     Update Arahan Dewan Komisaris Juni          Update on the Board of Commissioners’          1. Boedi Armanto
       July 22, 2025    2025; Monitoring RAS Juni 2025; Penilaian   directives for June 2025; monitoring of        2. Wignyo M. Mulyono
                        Tingkat Kesehatan Bank Semester I           RAS for June 2025; bank soundness              3. Istu Wahudi
                        Juni 2025; Update Dashboard Risk            rating assessment for Semester I June
                        Management; Laporan Suku Bunga Dasar        2025; update on the Risk Management
                        Kredit oleh Divisi Risk Management.         dashboard; prime lending rate report by
                                                                    the Risk Management Division.

  8    20 Agustus       1. Update CGPI 2024/2025; Laporan           1. Update on CGPI 2024/2025; report on         1. Boedi Armanto
       2025                Isu Kepatuhan Tata Kelola; Laporan          govern-ance compliance issues; report       2. Wignyo M. Mulyono
       August 20,          Pelindungan Data Pribadi; Progress          on personal data protection; progress       3. Istu Wahudi
       2025                RPPB Tahun 2025; Laporan APU PPT            on the 2025 Business Con-tinuity
                           & PPPSPM oleh Divisi Compliance;            Plan (RPPB); and AML/CFT and Pre-
                                                                       vention of the Financing of Proliferation
                                                                       of Weapons of Mass Destruction
                                                                       (APU PPT & PPPSPM) report by the
                                                                       Compliance Division.
                        2. Update Arahan Dewan Komisaris            2. Update on the Board of
                           Juli 2025; Monitoring RAS Juli 2025;        Commissioners’ direc-tives for July
                           Update Dashboard Risk Management            2025; monitoring of RAS for July
                           oleh Divisi Risk Management.                2025; update on the Risk Management
                                                                       dash-board by the Risk Management
                                                                       Division.

  9    22 September     1. Update Arahan Dewan Komisaris            1. Update on the Board of                      1. Boedi Armanto
       2025                Agustus 2025                                Commissioners’ directives for August        2. Wignyo M. Mulyono
       September 22,                                                   2025.                                       3. Istu Wahudi
       2025             2. Monitoring RAS Agustus 2025              2. Monitoring of RAS for August 2025.
                        3. Operational Highlight after Maestro      3. Operational highlights following
                                                                       Maestro.
                        4. Dashboard Risk Management Agustus        4. Risk Management dashboard for
                           2025                                        August 2025.

  10   21 Oktober       Update Arahan Dewan Komisaris               Update on the Board of Commissioners’          1. Boedi Armanto
       2025             September 2025; Monitoring RAS              directives for September 2025; monitoring      2. Wignyo M. Mulyono
       October 21,      September 2025; Kajian Implementasi         of RAS for September 2025; study on            3. Istu Wahudi
       2025             Self-Insurance; Penilaian Profil Risiko     the implementation of self-insurance; risk
                        Triwulan III 2025 oleh Divisi Risk          profile assessment for the third quarter of
                        Management                                  2025 by the Risk Management Division.

  11   24 November      1. Update Arahan Dewan Komisaris            1. Update on the Board of Commissioners’       1. Boedi Armanto
       2025                Oktober 2025; Monitoring RAS                direc-tives for October 2025;               2. Wignyo M. Mulyono
       November 24,        Oktober 2025; Update Recovery Plan          monitoring of RAS for October 2025;         3. Istu Wahudi
       2025                2025; Update Key Risk Indicator (KRI);      update on the 2025 Recovery Plan;
                           Dashboard Risk Management Oktober           update on Key Risk Indicators (KRI); Risk
                           oleh Divisi Risk Management;                Management dashboard for October by
                                                                       the Risk Management Division.
                                                                    2. Update on Project-CR initiatives
                        2. Update Inisiatif Project-CR Tahun           for 2025; In-formation Technology
                           2025; Rencana Pengembangan                  Development Plan (ITDP) for
                           TI (RPTI) Tahun 2026; Usulan/               2026; proposals/approvals of the
                           Persetujuan Komite IT oleh Divisi IT        IT Committee by the IT Planning &
                           Planning & Development.                     Development Division.




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            Tanggal                                                                                                                    Peserta Rapat
  No                                        Agenda Rapat                                      Meeting Agenda
             Date                                                                                                                    Meeting participants

  12     22 Desember         Update Policy Triwulan IV 2025; Market             Policy Update for Q4 2025; market                  1. Boedi Armanto
         2025                Update; Monitoring RAS November 2025;              update; monitoring of RAS for November             2. Wignyo M. Mulyono
         December 22,        Dashboard Risk Management November                 2025; Risk Management dashboard for                3. Istu Wahudi
         2025                2025; Rencana Kerja KPR 2026 oleh Divisi           November 2025; KPR work plan for 2026
                             Risk Management                                    by the Risk Management Division.



FREKUENSI DAN TINGKAT KEHADIRAN RAPAT KOMITE                                         FREQUENCY AND ATTENDANCE LEVEL OF RISK
PEMANTAU RISIKO                                                                      MONITORING COMMITTEE MEETING

Tabel Tingkat Kehadiran Rapat Komite Pemantau Risiko
Table of Risk Monitoring Committee Meeting Attendance Level

                                                                                                          Komite Pemantau Risiko
                                                                                                         Risk Monitoring Committee

                                                                                                    Jumlah dan Persentase Kehadiran
            Nama                                    Jabatan
                                                                                                   Number and Percentage of Attendance
            Name                                    Position

                                                                                      Jumlah Rapat            Jumlah Kehadiran
                                                                                                                                              Persentase
                                                                                        Number of                Number of
                                                                                                                                              Percentage
                                                                                        Meetings                 Attendance

                                  Ketua
 Boedi Armanto                                                                                12                         12                        100
                                  Chairman

                                  Anggota
 Wignyo M. Mulyono                                                                            12                         12                        100
                                  Member

                                  Anggota Pihak Independen
 Istu Wahudi*                                                                                 11                         11                        100
                                  Independent Party Member

                                  Anggota Pihak Independen
 Putut Sukoco Ardi**                                                                          1                          1                         100
                                  Independent Party Member

Keterangan / Note:
*) Telah diberhentikan dengan hormat berdasarkan Keputusan Direksi No. KEP.DIR/095/XI/2025 tanggal 25 November 2025 tentang Perubahan Keanggotaan Komite Pemantau
    Risiko Dewan Komisaris. / Honorably dismissed based on the Board of Directors Decree No. KEP.DIR/095/XI/2025 dated November 25, 2025 concerning Changes in the
    Composition of the Risk Monitoring Committee of the Board of Commissioners.
**) Telah diangkat berdasarkan Keputusan Direksi No. KEP.DIR/095/XI/2025 tanggal 25 November 2025 tentang Perubahan Keanggotaan Komite Pemantau Risiko Dewan
    Komisaris. / Appointed based on the Board of Directors Decree No. KEP.DIR/095/XI/2025 dated November 25, 2025 concerning Changes in the Composition of the Risk
    Monitoring Committee of the Board of Commissioners.



Program Kerja dan Laporan Singkat Pelaksanaan                                        Work Program and Summary Report on The
Kegiatan Komite Pemantau Risiko Tahun 2025                                           Implementation of Activities of The Risk Monitoring
                                                                                     Committee in 2025

Selama tahun 2025, Komite Pemantau Risiko                              telah         During 2025, the Risk Monitoring Committee carried out the
melaksanakan beberapa kegiatan sebagai berikut:                                      following activities:
1. Melakukan Pembahasan Perkembangan Portofolio                                      1. Discussed portfolio developments.
2. Melakukan Pembahasan Performance Kinerja Bank                                     2. Discussed the Bank’s performance.
3. Laporan Penilaian Risk Based Bank Rating                                          3. Prepared the Risk-Based Bank Rating assessment report.
4. Melakukan Pembahasan Update Likuiditas                                            4. Discussed liquidity updates.
5. Identifikasi Risiko terhadap RBB                                                  5. Identified risks related to the Business Plan (RBB).
6. Laporan Profil Risiko                                                             6. Prepared the risk profile report




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Organ dan Komite di Bawah Direksi                                      Organ and Committee
                                                                       Under the Board of Directors

Dalam menjalankan tugasnya, Direksi dibantu oleh Sekretaris            In implementing its duties, the Board of Directors is assisted
Perusahaan, Unit lainnya serta Komite-komite yang bertugas             by the Corporate Secretary and Committees which serve to
untuk memberikan saran dan rekomendasi yang berhubungan                provide suggestions and recommendations related to the
dengan kebijakan-kebijakan dan arahan-arahan Direksi.                  policies and directions of the Board of Directors.


Sekretaris Perusahaan                                                  Corporate Secretary

Sekretaris Perusahaan bertugas dan bertanggung jawab atas              Corporate Secretary serves and is responsible for publication
kegiatan publikasi mengenai aktivitas Bank dan memelihara              activities on Bank activities and maintaining fairness,
kewajaran, konsistensi dan transparansi mengenai hal-hal               consistency and transparency on matters related to corporate
terkait tata kelola perusahaan dan tindakan korporasi. Sekretaris      governance and corporate actions. Corporate Secretary is also
Perusahaan juga bertanggung jawab memonitor kepatuhan                  responsible for monitoring the Bank’s compliance to regulations
Bank terhadap peraturan serta sebagai penghubung antara                and become the liaisons between Bank Mandiri Taspen and the
Bank Mandiri Taspen dengan stakeholders.                               stakeholders.


Struktur Sekretaris Perusahaan                                         Structure of Corporate Secretary


                                               Direktorat Wakil Direktur Utama
                                           Directorate of Deputy President Director



                                                          Wakil Direktur Utama
                                                            Vice President
                                                                Director




                                                           Corporate Secretary
                                                                & Legal




       Marketing                                                                 Capital Market &
                                               Legal                                                              Office of the Board
     Communication                                                                 Assurance




Fungsi, Tugas dan Tanggung Jawab Sekretaris                            Functions, Duties and Responsibilities of the
Perusahaan                                                             Corporate Secretary

Dalam sebuah perusahaan, Sekretaris Perusahaan memiliki                In a company, Corporate Secretary has an important role to
peran     penting untuk mengelola        komunikasi antara             manage the communication between the company and internal
perusahaan dengan pihak internal maupun eksternal, menjalin            and external parties, continuously develop relationship with
relationship secara berkesinambungan dan mendukung dan                 supporting and keeping positive corporate image.
menjaga citra perusahaan selalu positif.


Secara garis besarnya tugas dan tanggung jawab Sekretaris              Generally, the duties and responsibilities of Corporate Secretary
Perusahaan adalah sebagai berikut:                                     are below:
1. Dalam Bidang Marketing and Communication:                           1. In Marketing and Communication:
   a. Corporate communication, membangun komunikasi                         a. Corporate      communication,        developing     good
       yang baik dengan stakeholder dan menjaga konsistensi                    communication with stakeholders, maintaining the
       pesan dan citra yang ingin disampaikan kepada                           consistency of the message and image to be presented
       masyarakat seraya menjaga agar informasi yang                           to the society while ensuring the delivered information
       disampaikan tidak melanggar hukum.                                      doesn’t violate any law.




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                                                                                                        PT Bank Mandiri Taspen




   b. Komunikasi Internal, untuk menjembatani komunikasi            b. Internal Communication, bridging communication
       antara manajemen/perusahaan dengan karyawan,                    between management/corporate and employees
       secara timbal balik sehingga setiap kebijakan                   mutually so that every corporate policy may be
       perusahaan dapat diterima dengan baik oleh seluruh              accepted well by all employees.
       karyawan.
   c. Komunikasi       Eksternal,     untuk   memperkenalkan        c.    External Communication, introducing the company to
       perusahaan kepada seluruh masyarakat beserta                       the society along with the products using above and
       produk-produknya dengan menggunakan media                          below the line communication.
       komunikasi above and below the line.
   d. Media Relation, menjalin komunikasi yang baik dengan          d. Media Relation, developing good communication with
       media sebagai bagian dari stategi komunikasi dalam              the media as a part of communication strategy in
       penyampaian publikasi maupun kegiatan perusahaan                delivering publication and corporate activities via mass
       melalui media massa.                                            media.
   e. Corporate Social Responsibility, sebagai bentuk               e. Corporate Social Responsibility, as a form of corporate
       pertanggungjawaban perusahaan                 terhadap          responsibility to the environment by setting aside
       lingkungan sekitarnya dengan menyisihkan sebagian               some of the profit for environmental conservation and
       keuntungan bagi         pemeliharaan lingkungan hidup           community social activities.
       maupun untuk kegiatan sosial kemasyarakatan.
   f. Donasi dan Sponsorship, merupakan kegiatan untuk              f.    Donation and Sponsorship, were activities to introduce
       memperkenalkan perusahaan melalui kegiatan yang                    the company through mutually beneficial activities
       berefek timbal balik saling menguntungkan di antara                Between all parties and social activities in the form of
       para pihak maupun yang kegiatan yang bersifat sosial               aids.
       berupa bantuan.
   g. Secara eksternal mengembangkan kerja sama dengan              g. Externally developing cooperation with third party and
       pihak ketiga dan instansi terkait, dan secara internal          related agencies, and internally developing synergy
       mengembangkan sinergi dengan seluruh jajaran unit               with all work units in the framework of Good Corporate
       kerja dalam kerangka Good Corporate Governance,                 Governance, business ethics and work ethics.
       etika bisnis. dan etika kerja.
2. Dalam Bidang Kebijakan dan Strategi:                          2. In Policy and Strategy:
   Meyakini dan memastikan bahwa penyusunan kebijakan               Ensuring and ensuring that the preparation of Corporate
   dan strategi Kesekretariatan Korporasi serta telah disusun       Secretariat policies and strategies has been prepared and
   dan dipelihara secara akurat, berkesinambungan dan tepat         maintained accurately, continuously and in a timely manner,
   waktu, termasuk tetapi tidak terbatas pada:                      including but not limited to:
   a. Menciptakan policy dan prosedur internal yang berasal         a. Creating internal policy and procedure from external
       dari ketentuan eksternal.                                        provision.
   b. Memberikan dukungan dan memastikan bahwa                      b. Giving support and ensuring that corporate
       dokumentasi korporasi Perseroan telah disusun dan                documentation of the Company has been prepared and
       dipelihara secara secara akurat, berkesinambungan                maintained accurately, continuously and on time.
       dan tepat waktu.
   c. Bertindak sebagai liaisons officer antara Perseroan            c. Acting as a liaisons officer between the Company
       dengan institusi/regulator ketentuan perundang-                  and institution/regulator of legislations, other related
       undangan, instansi terkait lainnya dan masyarakat.               agencies and the society.
   d. Memastikan bahwa kebijaksanaan Direksi telah                   d. Ensuring that Board of Directors policies are in line with
       sejalan dengan ketentuan-ketentuan        yang berlaku,          the provisions in effect, consistent with legislations
       sesuai dengan Ketentuan perundang-undangan dan                   and documenting as well as communicating them to
       mendokumentasikan serta mengkomunikasikannya ke                  authorized work units.
       unit kerja yang berwenang.
   e. Memonitor perubahan-perubahan yang terjadi pada                e.   Monitoring changes on every Corporate policy, so that
       setiap kebijakan-kebijakan Perseroan sehingga                      risk impacts (business and technical) can be identified
       dampak risiko (bisnis dan teknis) dapat teridentifikasi            and resolved shortly.
       dan diselesaikan dalam waktu singkat.
3. Dalam Bidang Aksi Korporasi:                                  3. In Corporate Action:
   Meyakini dan memastikan bahwa pelaksanaan aksi                   Believing and ensuring that the implementation of corporate
   korporasi telah dilaksanakan dengan akurat dan tepat             action is accurate and timely, including but not limited to:
   waktu, termasuk tetapi tidak terbatas pada:




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   a.  Berkoordinasi dengan unit kerja Compliance, Strategi &        a. Coordinate with the Compliance, Strategy &
       Performance Management, dan/atau unit kerja terkait              Performance Management work units, and/or other
       lainnya di Kantor Pusat terkait dengan rencana aksi              related work units at the Head Office regarding the
       korporasi Perseroan.                                             Company’s corporate action plans.
   b. Memberikan input atas kegiatan aksi korporasi Perseroan        b. Giving input for the Company’s corporate action activities
       dan memastikan bahwa aksi korporasi Perseroan telah              and ensuring that the Company’s corporate actions are
       sesuai dengan aturan/hukum yang berlaku.                         consistent with the regulations/laws in effect.
   c. Bertindak sebagai supporting data dalam menyiapkan             c. Acting as supporting data in preparing and delivering
       serta menyajikan materi pelaksanaan aksi korporasi               the material of corporate action plan of the Company.
       Perseroan.
   d. Mengamankan          kebijakan-kebijakan     manajemen         d. Securing management policies and ensuring that the
       dan memastikan bahwa kebijakan tersebut telah                    policies are consistent with the legislations and internal
       sesuai dengan ketentuan perundang-undangan dan                   provisions in effect.
       ketentuan internal yang berlaku.
   e. Memformulasikan        kebijakan-kebijakan    Perseroan        e.   Formulating company policies to solve things which
       untuk mengatasi hal-hal yang secara potensial dapat                potentially could impact the Company’s reputation
       berdampak pada reputasi Perseroan (early warning                   (early warning system).
       system).
4. Dalam Bidang Kerumahtanggaan dan Kesekretariatan               4. In Corporate Housekeeping and Secretariat:
   Korporasi:
   Memastikan pengelolaan kerumahtanggaan perusahaan                 Ensuring that the company’s household management
   telah dikelola dengan baik untuk memberikan dukungan              has been managed properly to provide support to the
   kepada Pengurus dalam melaksanakan tugas-tugasnya,                Management in carrying out their duties, including but not
   termasuk tetapi tidak terbatas pada:                              limited to:
   a. Menatalaksanakan Office of The Board yang                      a. Implementing Office of The Board which covers ensuring
       mencakup memastikan ketersediaan informasi dalam                   information availability in decision making for the Board
       pengambilan keputusan bagi Dewan Komisaris dan                     of Commissioners and Board of Directors, including
       Direksi, termasuk memastikan kehadiran         peserta             ensuring the attendance of the Board of Directors Meeting
       Rapat Direksi agar kuorum dapat tercapai sehingga                  participants so that quorum can be achieved so that the
       keputusan yang dihasilkan legitimate dan kredibel.                 decision made are legitimate and credible.
   b. Melaksanakan Protokoler terhadap Pengurus maupun               b. Implementing Protocols on Administrators and guests
       tamu Pengurus Perseroan.                                           of the Company.
   c. Menatalaksanakan Household Perseroan.                          c. Managing the household of the Company
   d. Menatalaksanakan administrasi Perseroan dan                    d. Managing the administration of the Company and
       administrasi Pengurus Perseroan.                                   administration of the Company’s Administrators, and
   e. Melaksanakan Corporate Event secara berkala maupun             e. Holding regular and incidental Corporate Events.
       insidentil.
5. Dalam Bidang Keterbukaan Informasi terkait sebagai             5. In Information Openness related to being an Issuer
   Perusahaan Emiten                                                 Company
   a. Mengikuti perkembangan Pasar Modal khususnya                   a. Following the Capital Market development, especially
       peraturan-peraturan yang berlaku di bidang Pasar Modal.           regulations in effect on Capital Market.
   b. Memberikan masukan kepada Direksi dan Dewan                    b. Giving inputs to the Board of Directors and Issuer
       Komisaris Emiten atau Perusahaan Publik untuk                     Board of Commissioners or Public Company to comply
       mematuhi      ketentuan     peraturan    perundangan-             with the legislations on Capital Market.
       undangan dibidang Pasar Modal.
   c. Membantu Direksi dan Dewan Komisaris dalam                     c.   Assisting the Board of Directors and Board of
       pelaksanaan Tata Kelola Perusahaan yang meliputi:                  Commissioners in Implementing Corporate Governance
                                                                          which includes:
        i.    Keterbukaan informasi kepada masyarakat, termasuk           i. Openness of information for the public, including
              ketersediaan informasi pada situs Web Bank.                      provision of information on Issuer or Public
                                                                               Company Website.
        ii.  Penyampaian laporan kepada Otoritas Jasa                     ii. Delivering report to Financial Service Authority on
             Keuangan tepat waktu.                                             time.
        iii. Penyelenggaraan dan dokumentasi Rapat Umum                   iii. Organizing and documenting General Meeting of
             Pemegang Saham.                                                   Shareholders.




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                                                                                                                                    PT Bank Mandiri Taspen




         iv. Penyelenggaraan dan dokumentasi rapat Direksi                                      iv. Organizing and documenting Board of Directors
              dan/atau Dewan Komisaris.                                                             and/ or Board of Commissioners meetings, and
         v. Pelaksanaan        program        orientasi terhadap                                v. Implementing orientation program on the company
              perusahaan bagi Direksi dan/atau Dewan                                                for the Board of Directors and/or Board of
              Komisaris.                                                                            Commissioners.
         vi. Sebagai penghubung antara Emiten atau                                              vi. Being liaisons between Issuer or Public Company
              Perusahaan Publik dengan Pemegang Saham                                               with Issuer Shareholders or Public Companies,
              Emiten atau Perusahaan Publik, Otoritas Jasa                                          Financial Service Authority, and other stakeholders.
              Keuangan, dan pemangku kepentingan lainnya.
         vii. Menyiapkan Daftar Khusus Pemegang Saham                                           vii. Preparing Special List on the Board of Directors,
              yang berkaitan dengan Direksi, Komisaris dan                                           Commissioners and their families in Registered
              keluarganya baik dalam Perusahaan Tercatat                                             Companies and Affiliations, and Making a List of
              maupun Afiliasinya, dan Membuat Daftar                                                 Shareholders, including 5% or more ownership (if
              Pemegang Saham termasuk kepemilikan 5% (lima                                           required).
              persen) atau lebih ( jika diperlukan).


Profil Sekretaris Perusahaan                                                           Corporate Secretary Profile




                                         Errinto Sahat Pahala Pardede*
                                         Sekretaris Perusahaan
                                         Corporate Secretary

                                         Lahir di jakarta pada tahun 1973.                        Domisili / Domicile:         Warga negara Indonesia
                                         Usia 52 tahun Per Desember 2025.                         Jakarta, Indonesia           Indonesian citizens
                                         Born in Dairi in 1973.
                                         Age 52 years as of December 2025.


Riwayat Pendidikan                                                                     Educational Background
• Undergraduate Program, Management and Marketing Northeastern                         • Undergraduate Program, Management and Marketing Northeastern
  University (1995)                                                                      University (1995)
• Graduate Program, Management and Business Communication                              • Graduate Program, Management and Business Communication
  Northeastern University (1998)                                                         Northeastern University (1998)

Sertifikasi                                                                            Certification
Sertifikasi Manajemen Risiko Kualifikasi 5                                             Sertifikasi Manajemen Risiko kualifikasi 5

  Pengalaman Kerja                                                                       Work Experience
  Sebelum menjabat sebagai Sekretaris Perusahaan di Bank Mandiri                         Before serving as Corporate Secretary at Bank Mandiri Taspen, he
  Taspen, memulai karir profesional sebagai:                                             started his professional career as:
  • Senior Manager Divisi Komunikasi Badan Penyehatan Perbankan                          • Senior Manager of the Communications Division of the Indonesian
    Nasional (2002-2004)                                                                    Bank Restructuring Agency (2002-2004)
  • Kepala Departemen Investor Komunikasi PT Bank Mandiri                                • Head of the Investor Communications Department of PT Bank
    (Persero) Tbk (2005-2011)                                                               Mandiri (Persero) Tbk (2005-2011)
  • Kepala Divisi Investor Relation PT ABM Investama (2011-2013)                         • Head of the Investor Relations Division of PT ABM Investama
                                                                                            (2011-2013)
  • Direktur Corporate Affairs PT Delta Dunia Makmur Tbk (2013-2017)                     • Director of Corporate Affairs of PT Delta Dunia Makmur Tbk
                                                                                            (2013-2017)
  • Sekretaris Perusahaan PT Permodalan Nasional Madani (Persero)                        • Corporate Secretary of PT Permodalan Nasional Madani (Persero)
    (2017-2021)                                                                             (2017-2021)
  • Division Head Corporate Secretary & Legal PT Bank Mandiri                            • Division Head Corporate Secretary & Legal PT Bank Mandiri
    Taspen (2021-2025)                                                                      Taspen (2021-2025)

  Dasar Hukum Pengangkatan                                                               Legal Basis of Appointment
  Diangkat sebagai Sekretaris Perusahaan sejak 02 Agustus 2021                           Appointed as Corporate Secretary since August 2, 2021 based on
  berdasarkan Surat Keputusan No. KEP.DIR/032/VIII/2021 tanggal                          Decree No. KEP.DIR/032/VIII/2021 dated August 2, 2021.
  02 Agustus 2021.

*Berhenti menjabat sejak 31 Desember 2025 / Ceased to serve as of December 31, 2025.




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Page 606
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Corporate Governance




                                    Tulus Parulian Hutabarat
                                    Sekretaris Perusahaan
                                    Corporate Secretary

                                    Lahir di Dairi pada tahun 1975.               Domisili / Domicile:        Warga negara Indonesia
                                    Usia 50 tahun Per Desember 2025.              Jakarta, Indonesia          Indonesian citizens
                                    Born in Dairi in 1975.
                                    Age 50 years as of December 2025.


Riwayat Pendidikan                                                      Educational Background
Sarjana Ekonomi, Universitas Indonesia (2003)                           Bachelor of Economics, Universitas Indonesia (2003)

Sertifikasi                                                             Certification
Sertifikasi Manajemen Risiko Perbankan Kualifikasi 5                    Banking Risk Management Certification – Level 5 Qualification

  Pengalaman Kerja                                                        Work Experience
  Sebelum menjabat sebagai Sekretaris Perusahaan di Bank Mandiri          Prior to serving as Corporate Secretary at Bank Mandiri Taspen, the
  Taspen, memulai karir profesional sebagai:                              professional career was initiated as follows:
  • Petugas Seksi Pendukung Sistem, PT Bank Dagang Negara                 • Support System Section Officer, PT Bank Dagang Negara
    (Persero), (1998-1999).                                                  (Persero) (1998–1999)
  • Pelaksana IT e-Channel & Credit Card, PT Bank Mandiri (Persero),      • IT e-Channel & Credit Card Officer, PT Bank Mandiri (Persero) Tbk
    Tbk. (1999- 2005).                                                       (1999–2005)
  • Pelaksana IT Vendor & Contract Management, PT Bank Mandiri            • IT Vendor & Contract Management Officer, PT Bank Mandiri
    (Persero), Tbk. (2005-2008).                                             (Persero) Tbk (2005–2008)
  • Assistant Manager IT Vendor & Contract Management, PT Bank            • Assistant Manager, IT Vendor & Contract Management, PT Bank
    Mandiri (Persero), Tbk. (2008-2013).                                     Mandiri (Persero) Tbk (2008–2013)
  • Manager IT Vendor & Contract Management, PT Bank Mandiri              • Manager, IT Vendor & Contract Management, PT Bank Mandiri
    (Persero), Tbk. (2013-2014).                                             (Persero) Tbk (2013–2014)
  • Senior Manager IT Procurement, PT Bank Danamon Indonesia,             • Senior Manager, IT Procurement, PT Bank Danamon Indonesia
    Tbk. (2014-2015).                                                        Tbk (2014–2015)
  • Procurement & Contract Management Head, PT Bank BTPN, Tbk.            • Procurement & Contract Management Head, PT Bank BTPN Tbk
    (2015- 2017).                                                            (2015–2017)
  • Department Head Procurement, PT Bank Mandiri Taspen (2017-            • Department Head of Procurement, PT Bank Mandiri Taspen
    2022).                                                                   (2017–2022)
  • Pj. Division Head Risk Business Control, PT Bank Mandiri Taspen       • Acting Division Head of Risk Business Control, PT Bank Mandiri
    (2022 – 2023).                                                           Taspen (2022–2023)
  • Division Head Procurement & Asset Management, PT Bank                 • Division Head of Procurement & Asset Management, PT Bank
    Mandiri Taspen (2023 – 2024)                                             Mandiri Taspen (2023–2024)
  • Division Head Network Development, PT Bank Mandiri Taspen             • Division Head of Network Development, PT Bank Mandiri Taspen
    (2024 – 2026).                                                           (2024–2026)
  • Pj Division Head Corporate Secretary & Legal PT Bank Mandiri          • Acting Division Head Corporate Secretary & Legal PT Bank
    Taspen (2026-sekarang)                                                   Mandiri Taspen (2026-present)

  Dasar Hukum Pengangkatan                                                Legal Basis of Appointment
  Diangkat sebagai Sekretaris Perusahaan sejak 27 Februari 2026           Appointed as Corporate Secretary as of 27 February 2026 based
  berdasarkan Surat Keputusan No. KEP.DIR/023/II/2026 tanggal 27          on Directors’ Decree No. KEP.DIR/023/II/2026 dated 27 February
  Februari 2026                                                           2026.




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                                                                                                                             PT Bank Mandiri Taspen




Program Peningkatan Kompetensi                                                      Corporate Secretary Competency Development
Sekretaris Perusahaan                                                               Program


                               Jenis Pelatihan dan Materi Pengembangan
                                                                                             Waktu dan Tempat                   Penyelenggara
          Nama                           Kompetensi /Pelatihan
                                                                                               Pelaksanaan                        Organizer
          Name                      Type of Training and Competency
                                                                                              Time and Venue
                                     Development Material / Training

                                                                                          27 – 28 Januari 2026
                                                                                                                         International Institute for
                              International Conference on Global Strategic                Amsterdam Netherlands
                                                                                                                         Research in Science and
                              Management (ICGSM-25)                                       January 27–28, 2026,
                                                                                                                         Technology
                                                                                          Amsterdam, Netherlands

                              Refresment Sertifikasi Manajemen Risiko Jenjang 5
                                                                                          29 Agustus 2025, Online        Lembaga Pengembangan
                              Risk Management Certification Refreshment –
                                                                                          August 29, 2025, Online        Perbankan Indonesia
                              Level 5

                                                                                          22 Oktober 2025, Online
                              Know Your Customer                                                                         Bank Mandiri Taspen
 Errinto Sahat Pahala                                                                     October 22, 2025, Online
 Pardede*
                              Strategi Anti Fraud Semester II 2025                        12 November 2025, Online
                                                                                                                         Bank Mandiri Taspen
                              Anti-Fraud Strategy Semester II 2025                        November 12, 2025, Online

                                                                                          29 November 2025, Denpasar
                              Leadership Excellence Advancement                                                          NBO
                                                                                          November 29, 2025,
                              Development (LEAD) Beyond – Vol 2
                                                                                          Denpasar

                                                                                          4-5 Desember 2025, Denpasar
                              Risk Beyond 2025                                            December 4–5, 2025,            ERMA
                                                                                          Denpasar

                                                                                          11 Agustus 2025, Online
                              BoD Talks Vol.1 - Leading with Influence                                                   Bank Mandiri Taspen
                                                                                          August 11, 2025, Online

                              Refresment Sertifikasi Manajemen Risiko Jenjang 5
                                                                                          26 Agustus 2025, Online        Lembaga Pengembangan
                              Risk Management Certification Refreshment –
                                                                                          August 26, 2025, Online        Perbankan Indonesia
                              Level 5

                              BoD Talks Vol. 3 - Driving Business Through                 12 November 2025, Online
                                                                                                                         Bank Mandiri Taspen
                              Roles and Strategic Execution                               November 12, 2025, Online
 Tulus Parulian
 Hutabarat**                                                                              29 November 2025, Offline -
                              Leadership Excellence Advancement                           Bali Denpasar                  Nelson Buchanan Oostegard
                              Development (LEAD) Beyond - Vol. 2                          November 29, 2025, Offline -   (NBO)
                                                                                          Bali Denpasar

                              Strategi Anti Fraud Semester II 2025                        12 November 2025, Online
                                                                                                                         Bank Mandiri Taspen
                              Anti-Fraud Strategy Semester II 2025                        November 12, 2025, Online

                                                                                          22 Oktober 2025, Online
                              Know Your Customer                                                                         Bank Mandiri Taspen
                                                                                          October 22, 2025, Online

*    Berhenti menjabat sejak 31 Desember 2025 / Ceased to serve as of December 31, 2025
**   Mulai menjabat sejak 27 Februari 2026 / Assumed office as of February 27, 2026



Pelaksanaan Tugas Sekretaris Perusahaan                                             Implementation of Duties of The Corporate Secretary
Tahun 2025                                                                          In 2025
1. Pelaksanaan Rapat Umum Pemegang Saham Tahunan                                    1. Conducted the Annual General Meeting of Shareholders
   yang dilaksanakan secara sirkuler tanggal 30 Juni 2025.                             (AGMS) through circular resolution on June 30, 2025.
2. Pelaksanaan Rapat Umum Pemegang Saham Luar Biasa                                 2. Conducted the Extraordinary General Meeting of
   secara Sirkuler untuk Persetujuan Recovery Plan dan                                 Shareholders (EGMS) through circular resolution for the
   Perubahan Anggaran Dasar tanggal 5 Mei 2025                                         approval of the Recovery Plan and amendments to the
                                                                                       Articles of Association on May 5, 2025.
3. Pelaksanaan Rapat Umum Pemegang Saham Luar Biasa                                 3. Implementation of the Extraordinary General Meeting of
   secara Sirkuler untuk perubahan pengurus tanggal 25                                 Shareholders (EGMS) by Circular Resolution for changes in
   September 2025                                                                      management dated September 25, 2025
4. Pelaksanaan Rapat Umum Pemegang Saham Luar Biasa                                 4. Conducted the Extraordinary General Meeting of
   secara Sirkuler untuk perubahan pengurus tanggal                                    Shareholders (EGMS) through circular resolution for
   4 Desember 2025.                                                                    changes in management on December 4, 2025.




2025 Annual Report                                                                                                                             607
Page 608
Corporate Governance
Corporate Governance




5. Pelaksanaan Peringatan Ulang Tahun Bank Mandiri Taspen            5. Organized the 2025 anniversary celebration of Bank
   tahun 2025 di Kantor Pusat tanggal 23 Januari 2025 dan di             Mandiri Taspen at the Head Office on January 23, 2025 and
   7 Kantor Cabang tanggal 26 Februari 2025.                             at 7 branch offices on February 26, 2025.
6. Penyusunan Annual Report dan Sustainability Report                6. Preparation of the Annual Report and Sustainability Report
   tahun Buku 2024 di tahun 2025 dan berhasil memperoleh                 for the 2024 financial year in 2025, which successfully
   Juara 3 kategori BUMN Klaster 1-5 Triliun dalam ARA                   achieved 3rd Place in the State-Owned Enterprises (BUMN)
   2024.                                                                 category with assets of IDR1–5 trillion in the Annual Report
                                                                         Award 2024.
7. Pelaksanaan keterbukaan informasi kepada publik melalui           7. Implemented public disclosure through public exposé,
   publik ekspose, publikasi media dan Laporan kepada PT Bursa           media publications, and reporting to PT Bursa Efek
   Efek Indonesia, OJK, LPS, dan Regulator terkait lainnya.              Indonesia, OJK, LPS, and other relevant regulators.
8. Mengatur pelaksanaan Penandatanganan Perjanjian Kerja             8. Organized the execution of Cooperation Agreement
   Sama dengan Mitra Bank.                                               signings with Bank partners.
9. Mengatur pelaksanaan Rapat Direksi, Rapat Dewan Komisaris         9. Organized the implementation of Board of Directors Meetings,
   Mengundang Direksi, Rapat Direktur Bidang, dan Rapat                  Board of Commissioners Meetings attended by the Board of
   Pengurus dengan relasi beserta dengan administrasi rapat.             Directors, Director Meetings, and Management meetings
                                                                         with stakeholders, including meeting administration.
10. Mengatur kerumahtanggaan perusahaan dan dukungan                 10. Managed corporate household affairs and provided support
    kebutuhan pengurus dalam menjalankan tugas-tugas                     for management needs in carrying out their duties.
    kepengurusannya.
11. Pelaksanaan Kegiatan CSR lingkungan hidup dan sosial             11. Implemented CSR activities in environmental and social
    termasuk bantuan bedah rumah untuk para Nasabah                      sectors, including housing renovation assistance for
    pensiunan dan masyarakat umum di Bekasi dan Nusa                     pensioner customers and the general public in Bekasi and
    Tenggara Timur.                                                      East Nusa Tenggara.
12. Penyusunan Rencana Aksi Keuangan Berkelanjutan tahun             12. Prepared the Sustainable Finance Action Plan for 2025–
    2025-2029 serta implementasinya tahun 2025                           2029 and its implementation in 2025


Internal Audit                                                       Internal Audit

Internal Audit merupakan bagian dari struktur pengendalian intern    Internal Audit is part of the internal control structure (as
(sebagai bagian dari Three Lines of Defense). Ruang lingkup          the Third Line of Defense). The scope of the internal audit
pekerjaan internal audit mencakup pemeriksaan dan penilaian atas     work includes examining and evaluating the adequacy and
kecukupan dan efektivitas struktur pengendalian intern Bank serta    effectiveness of the bank’s internal control structure as well
penilaian kualitas kinerja yang bertujuan memberikan keyakinan       as evaluating the quality of performance that aims to provide
bahwa pengendalian telah berjalan seperti yang ditetapkan.           assurance that control has proceeded as stipulated.


Aktivitas utama Internal Audit terdiri dari Assurance, Consulting,   The main activities of Internal Audit consist of Assurance,
Investigation, Quality Assurance & Development, Pembina              Consulting, Investigation, Quality Assurance & Development,
sistem Strategy Anti Fraud dan Whistleblowing System serta           Development of Anti-Fraud Strategy System and
aktivitas counterpart pemeriksaan oleh eksternal auditor (BPK,       Whistleblowing System as well as counterpart audit activities
OJK, Bank Mandiri).                                                  by external auditors (BPK, OJK, Bank Mandiri).


Aktivitas Assurance bertujuan untuk mengevaluasi kecukupan           Assurance activities aim to evaluate the adequacy and
dan efektivitas Internal Control, Risk Management dan                effectiveness of Internal Control, Risk Management and
Governance Process. Aktivitas Consulting dilakukan melalui           Governance Process. Consulting activities are carried out
Review draft Kebijakan, Standar Pedoman, Manual Produk dan           through reviewing draft policies, standard guidelines, product
Petunjuk Teknis.                                                     manuals and technical guidelines.


Investigasi merupakan aktivitas audit melalui pengumpulan            Investigation is an activity of gathering evidence using
bukti-bukti, dengan menggunakan teknik investigasi atas hasil        investigative techniques on the results of reviewing indications
penelahaan terhadap indikasi dan/atau fraud yang terjadi yang        and/or fraud that has occurred which aims to reveal the
bertujuan untuk mengungkapkan modus operandi, penyebab,              modus operandi, causes, identify potential losses to the Bank,
mengidentifikasi potensi kerugian Bank, pelaku fraud dan pihak       perpetrators of fraud and other parties involved.
lain yang terlibat.




    608                                                                                                        Laporan Tahunan 2025
Page 609
                                                                                                                PT Bank Mandiri Taspen




Pembina sistem Strategy Anti Fraud melakukan aktivitas                The Anti-Fraud Strategy system supervisor carries out
koordinasi penerapan dan pelaporan Strategy Anti Fraud                coordination activities for the implementation and reporting
Bank Mantap kepada OJK. Strategi Anti Fraud adalah strategi           of Bank Mandiri Taspen’s Anti-Fraud Strategy to the FSA.
Bank dalam mengendalikan fraud yang dirancang dengan                  The antifraud strategy is the Bank’s strategy for controlling
mengacu pada proses terjadinya fraud dengan memperhatikan             fraud, which is designed with reference to the process by
karakteristik dan jangkauan dari potensi fraud yang tersusun          which fraud occurs by taking into account the characteristics
secara komprehensif dan diimplementasikan dalam bentuk                and scope of potential fraud, which is comprehensively
Sistem Pengendalian Fraud. Pembina whistleblowing system              structured and implemented in the form of a Fraud Control
melakukan aktivitas perancangan sistem dan prosedur serta             System. The whistleblowing system supervisor carries out
evaluasi mekanisme Whistleblowing System.                             system and procedure design activities as well as evaluates the
                                                                      Whistleblowing System mechanism.


Dalam rangka memastikan kualitas kinerja Internal Audit telah         In order to ensure that the quality of Internal Audit performance
sesuai dengan fungsinya dan melakukan pengembangan                    is in accordance with its function and to develop methodologies/
terhadap metodologi/pendekatan termasuk pengkinian                    approaches including updating Internal Audit Policies/
Kebijakan/Pedoman Internal Audit, maka dibentuk fungsi                Guidelines, a Quality Assurance & Development function was
Quality Assurance & Development yang saat ini menjadi                 formed which is currently the Quality Assurance, Development
Departemen Quality Assurance, Development and Support.                and Support Department.


Struktur Organisasi dan Ketua Internal Audit                          Organization Structure Internal Audit


                                                        Direktorat Utama
                                                       Divisi Internal Audit



                                                             Direktur Utama
                                                            President Director




                                                             Internal Audit
                                                              Internal audit




                                                                                 Quality Assurance,
                                         Audit Business &                                                            Strategi Anti Fraud &
     Audit IT & Operation                                                         Development &
                                            Support                                                                       Investigasi
                                                                                      Support




                                                                                 Quality Assurance,
                                        Audit Business &                                                              Strategi Anti Fraud
    Audit IT & Operation                                                          Development &
                                           Support                                                                       & Investigasi
                                                                                      Support



                                                                                                      Pelaksana / Implementer


Kedudukan Internal Audit dalam Struktur Organisasi                    Internal Audit Position in Organizational Structure

Internal Audit adalah satuan kerja dalam organisasi Bank              Internal Audit is a work unit in the PT Bank Mandiri Taspen
Mandiri Taspen yang membantu Direktur Utama dan Dewan                 organization that assists the President Director and the Board
Komisaris melalui Komite Audit dalam menjalankan fungsi               of Commissioners through the Audit Committee in carrying
pengawasan untuk mewujudkan visi dan misi Bank.                       out its supervisory functions to actualize the Bank’s vision and
                                                                      mission.




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Kedudukan Division Head Internal Audit dalam organisasi                   The position of the Division Head of Internal Audit in the
langsung di bawah dan bertanggungjawab kepada Direktur                    organization is directly under and responsible to the President
Utama dan dapat melakukan komunikasi secara langsung                      Director, but can communicate directly with the Board of
dengan Direksi, Dewan Komisaris dan Komite Audit untuk                    Commissioners through the Audit Committee to inform various
menginformasikan berbagai hal yang berhubungan dengan                     matters relating to Internal Audit Activities. The Internal Auditor
Aktivitas Internal Audit. Internal Auditor bertanggungjawab               is directly responsible to the Division Head of Internal Audit.
secara langsung kepada Division Head Internal Audit.


Profil Kepala Internal Audit                                              Head of Internal Audit Profile



                                    M. Jacobie Henry Widojono
                                    Head of Internal Audit
                                    Head of Internal Audit

                                    Lahir di Ponorogo pada tahun 1970.             Domisili / Domicile:        Warga negara Indonesia
                                    Usia 55 tahun Per Desember 2025.               Jakarta, Indonesia          Indonesian citizens
                                    Born in Ponorogo in 1970.
                                    Age 55 years as of December 2025.


Riwayat Pendidikan                                                       Educational Background
• Sarjana Ekonomi Akuntansi – Universitas Gadjah Mada (1994)             • Bachelor of Economics in Accounting – Gadjah Mada University
                                                                           (1994)
• Master Business Administration – Universitas Gadjah Mada (2014)        • Master of Business Administration – Gadjah Mada University (2014)

Sertifikasi                                                              Certification
• Chartered Accountant                                                   • Chartered Accountant
• Qualified Internal Auditor                                             • Qualified Internal Auditor
• Sertifikat Kompetensi Audit Supervisor                                 • Audit Supervisor Competency Certificate
• Sertifikat Kompetensi Manajemen Risiko Perbankan                       • Banking Risk Management Competency Certificate
• Sertifikat Kompetensi Kepatuhan Perbankan                              • Banking Compliance Competency Certificate
• Sertifikat Kompetensi Manajemen Risiko Perbankan Jenjang 6             • Level 6 Banking Risk Management Competency Certificate
• Sertifikat Kompetensi Kepatuhan Perbankan Jenjang 6                    • Level 6 Banking Compliance Competency Certificate
• Sertifikasi Koperasi Jasa Keuangan Financial Service Cooperative       • Financial Service Cooperative Certification


  Pengalaman Kerja                                                         Work Experience
  • Auditor - Bank Dagang Negara (1997)                                    • Auditor – Bank Dagang Negara (1997)
  • Auditor - Bank Mandiri (1999)                                          • Auditor – Bank Mandiri (1999)
  • Team Leader Accounting Policy - Bank Mandiri (2007)                    • Team Leader Accounting Policy – Bank Mandiri (2007)
  • Tax Management Department Head - Bank Mandiri (2009)                   • Tax Management Department Head – Bank Mandiri (2009)
  • Decentralized Compliance & Operational Risk Head - Bank                • Decentralized Compliance & Operational Risk Head – Bank
    Mandiri (2014)                                                           Mandiri (2014)
  • Audit Manager - Bank Mandiri (2015)                                    • Audit Manager – Bank Mandiri (2015)
  • Kepala Divisi Internal Audit - Bank Mandiri Taspen (2020-saat ini)     • Head of Internal Audit Division – Bank Mandiri Taspen (2020 –
                                                                             present)

  Dasar Hukum Pengangkatan                                                 Legal Basis of Appointment
  Menjabat sebagai Division Head Internal Audit berdasarkan Surat          Served as Division Head of Internal Audit based on Board of
  Keputusan Direksi No. KEP.DIR/043/III/2026 tanggal 9 Maret 2026.         Directors Decree No. KEP.DIR/043/III/2026 dated March 9, 2026.




    610                                                                                                               Laporan Tahunan 2025
Page 611
                                                                                                               PT Bank Mandiri Taspen




Pihak yang Mengangkat dan Memberhentikan Kepala                        Parties Who Appoint and Dismiss the Head of
Internal Audit                                                         Internal Audit

lnternal Audit dipimpin oleh Division Head lnternal Audit yang         Internal Audit was led by the Head of Internal Audit appointed
diangkat dan diberhentikan oleh Direktur Utama Bank dengan             and dismissed by the President Director of the Bank with the
persetujuan dari Dewan Komisaris dan rekomendasi Komite                approval of the Board of Commissioners and recommendation
Audit serta dilaporkan kepada OJK.                                     from the Audit Committee and reported to the OJK.


Program Peningkatan Kompetensi Internal Audit                          Internal Audit Competency Improvement Program


                                                                                                 Waktu dan
                                            Jenis Pelatihan dan Materi Pengembangan                Tempat
      Nama                 Jabatan                    Kompetensi /Pelatihan                     Pelaksanaan          Penyelenggara
      Name                 Position        Types of Training and Development Materials            Time and             Organizer
                                                       Competency / Training                      Place of
                                                                                               Implementation

 Sertifikasi
 Certification

                                          Sertifikasi Audit Manajer Kualifikasi VI KKNI        Mei, Jakarta
                                                                                                                    LSPP
                                          KKNI Level VI Audit Manager Certification            May, Jakarta

                                          Sertifikasi Koperasi Jasa Keuangan Financial
                                                                                               Juni, Jakarta
                                          Service Cooperative                                                       LSP KJK
                                                                                               June, Jakarta
 M. Jacobie                               Financial Service Cooperative Certification
                     Division Head
 Henry W.
                                          Refreshment Sertifikasi Manajemen Risiko Jenjang 6   Agustus, Jakarta
                                                                                                                    LSPP
                                          Risk Management Certification Refreshment Level 6    August, Jakarta

                                          Sertifikasi Kepatuhan Jenjang 6                      Desember, Jakarta
                                                                                                                    LSPP
                                          Level 6 Compliance Certification                     December, Jakarta

                                          Refreshment Sertifikasi Manajemen Risiko Jenjang 5   Agustus, Jakarta
                                                                                                                    LSPP
                                          Risk Management Certification Refreshment Level 5    August, Jakarta
 R. Ambar
                     Dept Head            Sertifikasi IT Security and Compliance – Auditor
 Soenarno
                                          Ahli Teknologi Informasi                             Agustus, Jakarta     LSP Media
                                          IT Security and Compliance Certification –           August, Jakarta      Informatika
                                          Information Technology Expert Auditor

                                          Refreshment Sertifikasi Manajemen Risiko Jenjang 5   Agustus, Jakarta
                                                                                                                    LSPP
                                          Risk Management Certification Refreshment Level 5    August, Jakarta

                                          Refreshment Standarisasi Kompetensi Sistem
 Amastra Wisdo
                     Dept Head            Pembayaran Jenjang 5 Sub Bidang Pengelolaan
 Hardian
                                          Transfer Dana
                                                                                               November, Jakarta    LPPI
                                          Refreshment of Payment System Competency
                                          Standardization Level 5 Sub-Field of Fund Transfer
                                          Management

                                          Sertifikasi English for IT 1                         Februari, Jakarta
                                                                                                                    CISCO
                                          English for IT Certification 1                       February, Jakarta

                                          Sertifikasi Introduction to Cybersecurity            Februari, Jakarta
                                                                                                                    CISCO
                                          Introduction to Cybersecurity Certification          February, Jakarta

                                          Sertifikasi IT Security and Compliance – Auditor
                                          Ahli Tekhnologi Informasi                            Agustus, Jakarta     LSP Media
                                          IT Security and Compliance Certification –           August, Jakarta      Informatika
                                          Information Technology Expert Auditor
 Binu Nuryadi        Dept Head
                                          Sertifikasi Analisis Keamanan Siber / Analisis
                                          Insiden Keamanan Siber                               Agustus, Jakarta
                                                                                                                    LSP TIK Global
                                          Cyber Security Analysis / Cyber Security Incident    August, Jakarta
                                          Analysis Certification

                                          Refreshment Standarisasi Kompetensi Sistem
                                          Pembayaran Jenjang 5 Sub Bidang Pengelolaan
                                          Transfer Dana
                                                                                               November, Jakarta    LPPI
                                          Refreshment of Payment System Competency
                                          Standardization Level 5 Sub-Field of Fund Transfer
                                          Management




2025 Annual Report                                                                                                            611
Page 612
Corporate Governance
Corporate Governance




                                                                                               Waktu dan
                                         Jenis Pelatihan dan Materi Pengembangan                 Tempat
      Nama                 Jabatan                 Kompetensi /Pelatihan                      Pelaksanaan          Penyelenggara
      Name                 Position     Types of Training and Development Materials             Time and             Organizer
                                                    Competency / Training                       Place of
                                                                                             Implementation

                                        Refreshment Sertifikasi Manajemen Risiko Jenjang 4
                                                                                             November, Jakarta    LSPP
                                        Risk Management Certification Refreshment Level 4

                                        Refreshment Standarisasi Kompetensi Sistem
 Abyan
                    Team Leader         Pembayaran Jenjang 5 Sub Bidang Pengelolaan
 Kurniawan
                                        Transfer Dana
                                                                                             November, Jakarta    LPPI
                                        Refreshment of Payment System Competency
                                        Standardization Level 5 Sub-Field of Fund Transfer
                                        Management

 Antonius Hartik                        Refreshment Sertifikasi Manajemen Risiko Jenjang 4   Mei, Jakarta
                    Team Leader                                                                                   LSPP
 Wahyu                                  Risk Management Certification Refreshment Level 4    May, Jakarta

                                        Refreshment Sertifikasi Manajemen Risiko Jenjang 4   Mei, Jakarta
                                                                                                                  LSPP
                                        Risk Management Certification Refreshment Level 4    May, Jakarta

                                        Refreshment Standarisasi Kompetensi Sistem
 Muhammad Adli
                    Team Leader         Pembayaran Jenjang 5 Sub Bidang Pengelolaan
 Mubaroka
                                        Transfer Dana
                                                                                             November, Jakarta    LPPI
                                        Refreshment of Payment System Competency
                                        Standardization Level 5 Sub-Field of Fund Transfer
                                        Management

                                        Refreshment Standarisasi Kompetensi Sistem
                                        Pembayaran Jenjang 5 Sub Bidang Pengelolaan
                                        Transfer Dana
 Dewi Nur Utami S   Team Leader                                                              November, Jakarta    LPPI
                                        Refreshment of Payment System Competency
                                        Standardization Level 5 Sub-Field of Fund Transfer
                                        Management

                                                                                             Maret, Jakarta       Mitra Kalyana
                                        Certified Compliance Professional (CCP)
                                                                                             March, Jakarta       Sejahtera
 Mahendra Yuda
                    Profesional Staff
 Perwira
                                        Refreshment Sertifikasi Manajemen Risiko Jenjang 4   Mei, Jakarta
                                                                                                                  LSPP
                                        Risk Management Certification Refreshment Level 4    May, Jakarta

                                        Refreshment Standarisasi Kompetensi Sistem
                                        Pembayaran Jenjang 5 Sub Bidang Pengelolaan
 Ernita Rizki                           Transfer Dana
                    Profesional Staff                                                        November, Jakarta    LPPI
 Manulang                               Refreshment of Payment System Competency
                                        Standardization Level 5 Sub-Field of Fund Transfer
                                        Management

                                        Refreshment Sertifikasi Manajemen Risiko Jenjang 4   Mei, Jakarta
 Dahayu Nandira     Profesional Staff                                                                             LSPP
                                        Risk Management Certification Refreshment Level 4    May, Jakarta

                                        Sertifikasi - General Banking Tingkat I : Officer
                                        Kualifikasi IV KKNI - General Banking                Februari, Jakarta
                                                                                                                  LSPP
                                        Certification - General Banking Level I: Officer     February, Jakarta
                                        Qualification IV KKNI - General Banking

                                        Refreshment Sertifikasi Manajemen Risiko Jenjang 4   Mei, Jakarta
                                                                                                                  LSPP
 I Gede Widira                          Risk Management Certification Refreshment Level 4    May, Jakarta
                    Profesional Staff
 Yasa
                                        Pelaksanaan Standarisasi Kompetensi Bidang
                                        Sistem Pembayaran (SK-SP) Jenjang 5 Sub Bidang
                                        Pengelolaan Transfer Dana                            Juli, 2025
                                                                                                                  Karsa Bakti Lestari
                                        Implementation of Competency Standardization         July, 2025
                                        in Payment Systems (SK-SP) Level 5 Sub-Field of
                                        Fund Transfer Management

 Fitri Dwiyan                           Refreshment Sertifikasi Manajemen Risiko Jenjang 4   Mei, Jakarta
                    Pelaksana                                                                                     LSPP
 Triaspuri                              Risk Management Certification Refreshment Level 4    May, Jakarta

                                        Pelaksanaan Standarisasi Kompetensi Bidang
                                        Sistem Pembayaran (SK-SP) Jenjang 5 Sub Bidang
                                        Pengelolaan Transfer Dana                            Maret, Jakarta
 Yoche Asharika     Team Leader                                                                                   Karya Bakti Lestari
                                        Implementation of Competency Standardization         March, Jakarta
                                        in Payment Systems (SK-SP) Level 5 Sub-Field of
                                        Fund Transfer Management




     612                                                                                                         Laporan Tahunan 2025
Page 613
                                                                                                                PT Bank Mandiri Taspen




                                                                                                 Waktu dan
                                          Jenis Pelatihan dan Materi Pengembangan                  Tempat
      Nama                  Jabatan                 Kompetensi /Pelatihan                       Pelaksanaan           Penyelenggara
      Name                  Position     Types of Training and Development Materials              Time and              Organizer
                                                     Competency / Training                        Place of
                                                                                               Implementation

                                         Refreshment Sertifikasi Manajemen Risiko Jenjang 4    Mei, Jakarta
                                                                                                                     LSPP
                                         Risk Management Certification Refreshment Level 4     May, Jakarta

                                         Refreshment Sertifikasi Manajemen Risiko Jenjang 4    Mei, Jakarta
                                                                                                                     LSPP
                                         Risk Management Certification Refreshment Level 4     May, Jakarta

                                         Sertifikasi IT Security and Compliance – Auditor
                                         Ahli Tekhnologi Informasi                             Agustus, Jakarta      LSP Media
                                         IT Security and Compliance Certification –            August, Jakarta       Informatika
                                         Information Technology Expert Auditor

 Hendy Prasetya      Profesional Staff   Sertifikasi Junior Cybersecurity                      Agustus, Jakarta
                                                                                                                     LSP TIK Global
                                         Junior Cybersecurity Certification                    August, Jakarta

                                         Refreshment Standarisasi Kompetensi Sistem
                                         Pembayaran Jenjang 5 Sub Bidang Pengelolaan
                                         Transfer Dana
                                                                                               November, Jakarta     LPPI
                                         Implementation of Competency Standardization
                                         in Payment Systems (SK-SP) Level 5 Sub-Field of
                                         Fund Transfer Management

                                         Refreshment Standarisasi Kompetensi Sistem
                                         Pembayaran Jenjang 5 Sub Bidang Pengelolaan
 R. Aria                                 Transfer Dana
                     Profesional Staff                                                         November, Jakarta     LPPI
 Wibisana S                              Refreshment of Payment System Competency
                                         Standardization Level 5 Sub-Field of Fund Transfer
                                         Management

                                         Sertifikasi Kompetensi Bidang Sistem Pembayaran
                                         (SK-SP) Jenjang 5 Sub Bidang Pengelolaan Transfer
                                                                                               Juni, 2025
                                         Dana                                                                        Karsa Bakti Lestari
                                                                                               June, 2025
                                         Payment System Competency Certification (SK-SP)
                                         Level 5 Sub-Field of Fund Transfer Management
 Rakean Andana
                     Team Leader
 K. Harun
                                         Sertifikasi Internal Auditor                          Juli, 2025
                                                                                                                     LSPP
                                         Internal Auditor Certification                        July, 2025

                                         Sertifikasi Manajemen Risiko Jenjang 4
                                                                                               September, 2025       LSPP
                                         Risk Management Certification Level 4

                                         Sertifikasi Kompetensi Bidang Sistem Pembayaran
                                         (SK-SP) Jenjang 5 Sub Bidang Pengelolaan Transfer
                                                                                               Juni, 2025
                                         Dana                                                                        Karsa Bakti Lestari
                                                                                               June, 2025
                                         Payment System Competency Certification (SK-SP)
                                         Level 5 Sub-Field of Fund Transfer Management
 Shinta Widyani      Profesional Staff
                                         Sertifikasi Internal Auditor                          Agustus, 2025
                                                                                                                     LSPP
                                         Internal Auditor Certification                        August, 2025

                                         Sertifikasi Manajemen Risiko Jenjang 4
                                                                                               September, 2025       LSPP
                                         Risk Management Certification Level 4

                                         Sertifikasi Internal Auditor                          Juli, 2025
                                                                                                                     LSPP
                                         Internal Auditor Certification                        July, 2025
 Fikri Audy
                     Pelaksana
 Rochman
                                         Sertifikasi Manajemen Resiko Jenjang 4                Oktober, 2025
                                                                                                                     LSPP
                                         Risk Management Certification Level 4                 October, 2025

 Seminar/Webinar/Workshop Training
 Seminar/Webinar/Training Workshop

                                         Pelatihan Audit Intern Bank Level Audit Manager       Februari, Jakarta     Ikatan Bankir
                                         Bank Internal Audit Training at Audit Manager Level   February, Jakarta     Indonesia (IBI)

 M. Jacobie                              Permenkop UKM 2/2024 : Kebijakan Akuntansi
                     Division Head
 Henry W.                                Koperasi & Peran KJA pada Koperasi
                                                                                                                     Asosiasi Auditor
                                         Minister of Cooperatives and SMEs Regulation          April, Jakarta
                                                                                                                     Internal (AAI)
                                         2/2024: Cooperative Accounting Policy & the Role
                                         of KJA in Cooperatives




2025 Annual Report                                                                                                             613
Page 614
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Corporate Governance




                                                                                          Waktu dan
                                   Jenis Pelatihan dan Materi Pengembangan                  Tempat
     Nama              Jabatan               Kompetensi /Pelatihan                       Pelaksanaan         Penyelenggara
     Name              Position   Types of Training and Development Materials              Time and            Organizer
                                              Competency / Training                        Place of
                                                                                        Implementation

                                  Webinar Insurance Revolution : How AI is
                                  Transforming The Underwriting and Optimizing
                                  Business Processes
                                                                                        April, Jakarta      OJK Institute
                                  Webinar Insurance Revolution: How AI is
                                  Transforming The Underwriting and Optimizing
                                  Business Processes

                                  Pendidikan dan Pelatihan berbasis Kompetensi
                                  untuk Jabatan Pengawas KSP/USP Koperasi               Mei, Jakarta
                                                                                                            Balicertif
                                  Competency-Based Education and Training for           May, Jakarta
                                  Cooperative KSP/USP Supervisory Positions

                                  Webinar Peran Strategis Industri Jasa Keuangan
                                  dalam Mendorong Pengembangan Ekonomi Daerah
                                                                                        Mei, Jakarta
                                  Webinar: The Strategic Role of the Financial                              OJK Institute
                                                                                        May, Jakarta
                                  Services Industry in Driving Regional Economic
                                  Development

                                  Webinar Efek Domino Tarif Trump : Ancaman atau
                                  Peluang bagi Ekonomi Indonesia?
                                                                                        Mei, Jakarta
                                  Webinar: The Domino Effect of Trump’s Tariffs:                            OJK Institute
                                                                                        May, Jakarta
                                  A Threat or an Opportunity for the Indonesian
                                  Economy?

                                  Webinar The Future of Cybersecurity : Threats,
                                  Challenges and Innovations                            Juni, Jakarta
                                                                                                            OJK Institute
                                  Webinar The Future of Cybersecurity : Threats,        Juny, Jakarta
                                  Challenges and Innovations

                                  Webinar Peran Industri Jasa Keuangan dalam
                                  Mendukung Proyek Strategis Nasional :
                                  Pembangunan 3 Juta Rumah                              Juli, Jakarta
                                                                                                            OJK Institute
                                  Webinar: The Role of the Financial Services           July, Jakarta
                                  Industry in Supporting National Strategic Projects:
                                  Building 3 Million Homes

                                  Webinar Shifting Horizon for Internal Auditors
                                  : Navigating Emerging Risks, Governance and
                                  Opportunities In 2025
                                                                                        Juli, Jakarta
                                  Webinar Shifting Horizon for Internal Auditors                            OJK Institute
                                                                                        July, Jakarta
                                  Webinar Shifting Horizon for Internal Auditors
                                  : Navigating Emerging Risks, Governance and
                                  Opportunities In 2025

                                  Konferensi Auditor Internal – Shifting Horizon
                                  for Internal Auditors: Navigating Emerging Risks,
                                  Governance and Opportunities in 2025                  Juli, Yogyakarta
                                                                                                            YPIA
                                  Konferensi Auditor Internal – Shifting Horizon        Juli, Yogyakarta
                                  for Internal Auditors: Navigating Emerging Risks,
                                  Governance and Opportunities in 2025

                                  Webinar Dinamika Geopolitik dan Ketahanan
                                  Nasional : Strategi Memperkuat Perekonomian
                                  Indonesia                                             Agustus, Jakarta
                                                                                                            OJK Institute
                                  Webinar on Geopolitical Dynamics and National         August, Jakarta
                                  Resilience: Strategies to Strengthen the Indonesian
                                  Economy

                                  Webinar Mid-Year Capital Market Review 2025
                                  : Evaluasi Kinerja Pasar dan Strategi Investasi ke
                                  Depan                                                 Agustus, Jakarta
                                                                                                            OJK Institute
                                  Mid-Year Capital Market Review 2025 Webinar:          August, Jakarta
                                  Market Performance Evaluation and Future
                                  Investment Strategies

                                  Pembekalan Sertifikasi Kepatuhan Jenjang 6            Oktober, Jakarta
                                                                                                            LPPI
                                  Level 6 Compliance Certification Training             October, Jakarta




    614                                                                                                    Laporan Tahunan 2025
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                                                                                                              PT Bank Mandiri Taspen




                                                                                               Waktu dan
                                       Jenis Pelatihan dan Materi Pengembangan                   Tempat
     Nama                  Jabatan               Kompetensi /Pelatihan                        Pelaksanaan           Penyelenggara
     Name                  Position   Types of Training and Development Materials               Time and              Organizer
                                                  Competency / Training                         Place of
                                                                                             Implementation

                                      Pelatihan Fraud Auditing 1                             Oktober, Jakarta
                                                                                                                   LPFA
                                      Fraud Auditing Training 1                              October, Jakarta

                                      Training Leadership Excellence Advancement
                                      Development                                                                  Riza Perdana
                                                                                             November, Jakarta
                                      Leadership Excellence Advancement Development                                Kusuma
                                      Training

                                      Pelatihan Fraud Auditing 2
                                                                                             November, Jakarta     LPFA
                                      Fraud Auditing Training 2

                                      Webinar Imboost Your Spirit : Cultivating Positivity   Februari, Jakarta
                                                                                                                   OJK Institute
                                      for a Balanced and Fulfilling Life                     February, Jakarta

                                      Webinar Insurance Revolution : How AI is
                                      Transforming The Underwriting and Optimizing           April, Jakarta        OJK Institute
                                      Business Processes

                                      Webinar Peran Strategis Industri Jasa Keuangan
                                      dalam Mendorong Pengembangan Ekonomi Daerah
                                                                                             Mei, Jakarta
                                      Webinar: The Strategic Role of the Financial                                 OJK Institute
                                                                                             May, Jakarta
                                      Services Industry in Driving Regional Economic
                                      Development

                                      Webinar Efek Domino Tarif Trump : Ancaman atau
                                      Peluang bagi Ekonomi Indonesia?
                                                                                             Mei, Jakarta
                                      Webinar: The Domino Effect of Trump’s Tariffs:                               OJK Institute
                                                                                             May, Jakarta
                                      A Threat or an Opportunity for the Indonesian
                                      Economy?

                                      Webinar Customer Experience : Strategies for
                                      Success in Digital Era                                 Mei, Jakarta
                                                                                                                   OJK Institute
                                      Webinar Customer Experience : Strategies for           May, Jakarta
                                      Success in Digital Era
 R. Ambar
                     Dept Head
 Soenarno
                                      The Future of Cybersecurity : Threats, Challenges      Juni, Jakarta
                                                                                                                   OJK Institute
                                      and Innovations                                        June, Jakarta

                                      Memutus Mata Rantai Scam : Sinergi dan Strategi
                                      Perlindungan Konsumen Sektor Keuangan
                                                                                             Juni, Jakarta
                                      Breaking the Chain of Scams: Synergy and                                     OJK Institute
                                                                                             June, Jakarta
                                      Consumer Protection Strategies in the Financial
                                      Sector

                                      Peran Industri Jasa Keuangan dalam Mendukung
                                      Proyek Strategis Nasional : Pembangunan 3 Juta
                                      Rumah                                                  Juli, Jakarta
                                                                                                                   OJK Institute
                                      The Role of the Financial Services Industry in         July, Jakarta
                                      Supporting National Strategic Projects: Building 3
                                      Million Homes

                                      Dinamika Geopolitik dan Ketahanan Nasional :
                                      Strategi Memperkuat Perekonomian Indonesia             Agustus, Jakarta
                                                                                                                   OJK Institute
                                      Geopolitical Dynamics and National Resilience:         August, Jakarta
                                      Strategies to Strengthen the Indonesian Economy

                                      Leadership Excellence Advancement Development          Oktober, Denpasar
                                                                                                                   NBO Indonesia
                                      (LEAD Beyond)                                          October, Denpasar




2025 Annual Report                                                                                                           615
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Corporate Governance
Corporate Governance




                                                                                            Waktu dan
                                     Jenis Pelatihan dan Materi Pengembangan                  Tempat
     Nama                Jabatan               Kompetensi /Pelatihan                       Pelaksanaan           Penyelenggara
     Name                Position   Types of Training and Development Materials              Time and              Organizer
                                                Competency / Training                        Place of
                                                                                          Implementation

                                    Pelatihan Anti Korupsi Tematik Investigatif bagi
                                    Satuan Pengawasan Intern BUMN                         Juni, Jakarta
                                                                                                                KPK
                                    Thematic Investigative Anti-Corruption Training for   June, Jakarta
                                    State-Owned Enterprise Internal Audit Units

                                    Webinar Anti Fraud Awareness                          Juli, Jakarta
                                                                                                                PT Taspen
                                    Anti-Fraud Awareness Webinar                          July, Jakarta

                                    Webinar Peranan Audit Internal                        Agustus, Jakarta
 Amastra Wisdo                                                                                                  PT Taspen
                   Dept Head        Webinar on the Role of Internal Audit                 August, Jakarta
 Hardian
                                    Pelatihan Fraud Auditing 2
                                                                                          September, Jakarta    LPFA
                                    Fraud Auditing Training 2

                                    Pelatihan Audit Forensik                              Oktober, Jakarta
                                                                                                                LPFA
                                    Forensic Audit Training                               October, Jakarta

                                    Training Leadership Excellence Advacement             November,
                                                                                                                NBO Indonesia
                                    Development (LEAD Beyond)                             Denpasar

                                    Webinar Credit Scoring                                April, Jakarta        OJK Institute

                                    Webinar Urgensi Transparansi Keuangan Hijau
                                    Pada Lembaga Jasa Keuangan                            Mei, Jakarta
                                                                                                                OJK Institute
                                    Webinar on the Urgency of Green Financial             May, Jakarta
                                    Transparency in Financial Services Institutions

                                    Webinar Customer Experience : Strategies for          Mei, Jakarta
                                                                                                                OJK Institute
                                    Success in Digital Era                                May, Jakarta

                                    Webinar Peran Strategis Industri Jasa Keuangan
                                    dalam Mendorong Pengembangan Ekonomi Daerah
                                                                                          Mei, Jakarta
                                    Webinar: The Strategic Role of the Financial                                OJK Institute
                                                                                          May, Jakarta
                                    Services Industry in Driving Regional Economic
                                    Development

                                    Webinar Digitalisasi Perbankan dari Dua Sudut
                                    Pandang                                               Juni, Jakarta
                                                                                                                OJK Institute
                                    Webinar: Banking Digitalization from Two              June, Jakarta
                                    Perspectives

                                    Webinar Artificial Intelligence for forensic : Masa
                                    Depan Profesi Akuntan di Era Digital
                                                                                          Juni, Jakarta
                                    Artificial Intelligence for Forensics Webinar: The                          OJK Institute
 Binu Nuryadi      Dept Head                                                              June, Jakarta
                                    Future of the Accounting Profession in the Digital
                                    Age

                                    Webinar Strategi Aman Transaksi Aset Kripto dan
                                    Keuangan Digital : Perlindungan Data Pribadi dan
                                    Dampak Teknologi Biometrik di Indonesia
                                                                                          Juni, Jakarta
                                    Webinar on Safe Transaction Strategies for                                  OJK Institute
                                                                                          June, Jakarta
                                    Crypto Assets and Digital Finance: Personal Data
                                    Protection and the Impact of Biometric Technology
                                    in Indonesia

                                    Webinar The Future of Cybersecurity : Threats,        Juni, Jakarta
                                                                                                                OJK Institute
                                    Challenges and Innovations                            June, Jakarta

                                                                                          Juni, Jakarta
                                    Understanding Corporate Image                                               PT Taspen
                                                                                          June, Jakarta

                                    Pembekalan Uji Kompetensi Bidang Audit Intern
                                    Bank Level Audit Supervisor - Kualifikasi V           Juni, Jakarta
                                                                                                                IAIB
                                    Bank Internal Audit Competency Test Preparation       June, Jakarta
                                    for Audit Supervisor Level - Qualification V

                                    Webinar Peranan Audit Internal                        Agustus, Jakarta
                                                                                                                PT Taspen
                                    Webinar on the Role of Internal Audit                 August, Jakarta




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                                                                                                             PT Bank Mandiri Taspen




                                                                                              Waktu dan
                                       Jenis Pelatihan dan Materi Pengembangan                  Tempat
      Nama                 Jabatan               Kompetensi /Pelatihan                       Pelaksanaan           Penyelenggara
      Name                 Position   Types of Training and Development Materials              Time and              Organizer
                                                  Competency / Training                        Place of
                                                                                            Implementation

                                      Webinar Legal for Non Legal : LDD dan LO bagi
                                      Perusahaan
                                                                                            September, Jakarta    PT Taspen
                                      Legal for Non-Legal Webinar: LDD and LO for
                                      Companies

                                      Training Leadership Excellence Advancement            Oktober, Denpasar
                                                                                                                  NBO Indonesia
                                      Development (LEAD Beyond)                             October, Denpasar

                                      Webinar Peran Digital Forensik dalam Penanganan
                                      dan Pengungkapan Kejahatan Keuangan                   Oktober, Jakarta
                                                                                                                  OJK Institute
                                      Webinar: The Role of Digital Forensics in Handling    October, Jakarta
                                      and Disclosing Financial Crimes

                                      Digital Safety and Security Awareness                 November, Jakarta     CISCO

                                      Webinar Insurance Revolution : How AI is
                                      Transforming The Underwriting and Optimizing          April, Jakarta        OJK Institute
                                      Business Processes

                                      Training The Credibility Compass: Navigating Truth    Mei, Jakarta          Semesta Akademi
                                      in Comunication                                       May, Jakarta          Business

                                      Webinar Peran Strategis Industri Jasa Keuangan
                                      dalam Mendorong Pengembangan Ekonomi Daerah
                                                                                            Mei, Jakarta
                                      Webinar: The Strategic Role of the Financial                                OJK Institute
                                                                                            May, Jakarta
                                      Services Industry in Driving Regional Economic
                                      Development

                                      Webinar Customer Experience: Strategies for           Mei, Jakarta
                                                                                                                  OJK Institute
                                      Success in Digital Era                                May, Jakarta
 Abyan
                     Team Leader
 Kurniawan                            Webinar Agentic AI in Finance : A New Era of          Juli, Jakarta
                                                                                                                  OJK Institute
                                      Autonomous Decision - Making                          July, Jakarta

                                      Internal Liquidity Adequacy Assessment Process        Agustus, Jakarta
                                                                                                                  PERBANAS
                                      (ILAAP)                                               August, Jakarta

                                      Webinar Tren Modus dan Skema Pencucian
                                      Uang Terbaru : Strategi Identifikasi, Mitigasi, dan
                                      Penegakan Hukum
                                                                                            September, Jakarta    OJK Institute
                                      Webinar: Latest Money Laundering Trends and
                                      Schemes: Identification, Mitigation, and Law
                                      Enforcement Strategies

                                      Training Implementasi Internal Control over
                                                                                                                  Deloitte Konsultan
                                      Financial Reporting (ICoFR) di Perusahaan Anak        November, Jakarta
                                                                                                                  Indonesia
                                      Tahun 2025

                                      Webinar Transformasi Digital : Tren Inovasi           Januari, Jakarta
                                                                                                                  OJK Institute
                                      Teknologi di Sektor Keuangan                          January, Jakarta

                                      Training Risk Management Maturity Assessment          Februari, Jakarta
                                                                                                                  CRMS
                                      BUMN & Non BUMN                                       Februarr, Jakarta

                                      Webinar Peran GRC dalam meningkatkan
                                      kepercayaan investor dan stabilitas sektor
                                                                                            Februari, Jakarta
 Antonius Hartik                      keuangan                                                                    OJK Institute
                     Team Leader                                                            Februarr, Jakarta
 Wahyu                                Webinar: The Role of GRC in Increasing Investor
                                      Confidence and Financial Sector Stability

                                      Training Memperkuat Integritas Pelaporan
                                      Keuangan Bank Strategi Implementasi POJK No. 15
                                      Tahun 2024                                            Maret, Jakarta
                                                                                                                  Infobank Institute
                                      Training on Strengthening the Integrity of Bank       March, Jakarta
                                      Financial Reporting: Implementation Strategy of
                                      POJK No. 15 of 2024




2025 Annual Report                                                                                                          617
Page 618
Corporate Governance
Corporate Governance




                                                                                          Waktu dan
                                   Jenis Pelatihan dan Materi Pengembangan                  Tempat
     Nama              Jabatan               Kompetensi /Pelatihan                       Pelaksanaan         Penyelenggara
     Name              Position   Types of Training and Development Materials              Time and            Organizer
                                              Competency / Training                        Place of
                                                                                        Implementation

                                  Webinar Inovasi Produk Keuangan Islam : Peran
                                  Etika Halal dalam Memperluas Penetrasi Pasar
                                                                                        Maret, Jakarta
                                  Islamic Financial Product Innovation Webinar:                             OJK Institute
                                                                                        March, Jakarta
                                  The Role of Halal Ethics in Expanding Market
                                  Penetration

                                  Webinar Sustainability Accounting and Reporting       Maret, Jakarta
                                                                                                            OJK Institute
                                  In The Financial Services                             March, Jakarta

                                  Webinar Overcoming Behavioral Biases in
                                                                                        April, Jakarta      PT Taspen
                                  Investment Decision

                                  Webinar Insurance Revolution : How AI is
                                  Transforming The Underwriting and Optimizing          April, Jakarta      OJK Institute
                                  Business Processes

                                  Webinar Peran Strategis Industri Jasa Keuangan
                                  dalam Mendorong Pengembangan Ekonomi Daerah
                                                                                        Mei, Jakarta
                                  Webinar: The Strategic Role of the Financial                              OJK Institute
                                                                                        May, Jakarta
                                  Services Industry in Driving Regional Economic
                                  Development

                                  Webinar Customer Experience : Strategies for          Mei, Jakarta
                                                                                                            OJK Institute
                                  Success in Digital Era                                May, Jakarta

                                  Webinar The Art of Budget Management Reduce           Mei, Jakarta
                                                                                                            PT Taspen
                                  Stress & Boost Strategy                               May, Jakarta

                                  Webinar Efek Domino Tarif Trump : Ancaman atau
                                  Peluang bagi Ekonomi Indonesia?
                                                                                        Mei, Jakarta
                                  Webinar: The Domino Effect of Trump’s Tariffs:                            OJK Institute
                                                                                        May, Jakarta
                                  A Threat or an Opportunity for the Indonesian
                                  Economy?

                                  Webinar Strategi Aman Transaksi Aset Kripto dan
                                  Keuangan Digital : Perlindungan Data Pribadi dan
                                  Dampak Teknologi Biometrik di Indonesia
                                                                                        Juni, Jakarta
                                  Webinar: Safe Strategies for Crypto Asset                                 OJK Institute
                                                                                        June, Jakarta
                                  Transactions and Digital Finance: Personal Data
                                  Protection and the Impact of Biometric Technology
                                  in Indonesia

                                  Webinar Memutus Mata Rantai Scam : Sinergi dan
                                  Strategi Perlindungan Konsumen Sektor Keuangan
                                                                                        Juni, Jakarta
                                  Webinar: Breaking the Chain of Scams: Synergy                             OJK Institute
                                                                                        June, Jakarta
                                  and Consumer Protection Strategies in the Financial
                                  Sector

                                  Webinar Agentic AI in Finance : A New Era of          Juli, Jakarta
                                                                                                            OJK Institute
                                  Autonomous Decision – Making                          July, Jakarta

                                  Webinar Strategi Peningkatan Daya Saing serta
                                  Pendalaman Perbankan Syariah dan Pasar Modal
                                  Syariah                                               Agustus, Jakarta
                                                                                                            OJK Institute
                                  Webinar on Strategies to Increase Competitiveness     August, Jakarta
                                  and Deepen the Study of Islamic Banking and
                                  Islamic Capital Markets

                                  Webinar Dinamika Geopolitik dan Ketahanan
                                  Nasional : Strategi Memperkuat Perekonomian
                                  Indonesia                                             Agustus, Jakarta
                                                                                                            OJK Institute
                                  Webinar on Geopolitical Dynamics and National         August, Jakarta
                                  Resilience: Strategies to Strengthen the Indonesian
                                  Economy

                                                                                        Agustus, Jakarta
                                  Webinar Direct Investment High Risk High Return                           PT Taspen
                                                                                        August, Jakarta




    618                                                                                                    Laporan Tahunan 2025
Page 619
                                                                                                             PT Bank Mandiri Taspen




                                                                                              Waktu dan
                                       Jenis Pelatihan dan Materi Pengembangan                  Tempat
     Nama                  Jabatan               Kompetensi /Pelatihan                       Pelaksanaan           Penyelenggara
     Name                  Position   Types of Training and Development Materials              Time and              Organizer
                                                  Competency / Training                        Place of
                                                                                            Implementation

                                      Webinar UMKM mendunia : Strategi Peningkatan
                                      Skala Bisnis Menembus Pasar Nasional dan
                                      Internasional
                                                                                            September, Jakarta    OJK Institute
                                      Global MSME Webinar: Strategies for Scaling Up
                                      Businesses to Penetrate National and International
                                      Markets

                                      Webinar Transformasi Generative AI : Peluang
                                      Generative Engine Optimization (GEO) dalam
                                      Menggeser Dominasi Search Engine Optimization
                                      (SEO)
                                                                                            September, Jakarta    OJK Institute
                                      Generative AI Transformation Webinar: Generative
                                      Engine Optimization (GEO) Opportunities in
                                      Shifting Search Engine Optimization (SEO)
                                      Dominance

                                      Webinar Tren Modus dan Skema Pencucian
                                      Uang Terbaru : Strategi Identifikasi, Mitigasi, dan
                                      Penegakan Hukum
                                                                                            September, Jakarta    OJK Institute
                                      Webinar: Latest Money Laundering Trends and
                                      Schemes: Identification, Mitigation, and Law
                                      Enforcement Strategies

                                      Webinar The Sustainable Financing Opportunities       Oktober, Jakarta
                                                                                                                  OJK Institute
                                      in the Indonesian Insurance Industry                  October, Jakarta

                                      Webinar Peran Digital Forensik dalam Penanganan
                                      dan Pengungkapan Kejahatan Keuangan                   Oktober, Jakarta
                                                                                                                  OJK Institute
                                      Webinar: The Role of Digital Forensics in Handling    October, Jakarta
                                      and Disclosing Financial Crimes

                                      Risk Appetite and Risk Culture : Pilar Utama dalam
                                      Penguatan Manajemen Risiko di Sektor Keuangan         Oktober, Jakarta
                                                                                                                  OJK Institute
                                      Risk Appetite and Risk Culture : Pilar Utama dalam    October, Jakarta
                                      Penguatan Manajemen Risiko di Sektor Keuangan

                                      Webinar Transformasi Digital : Tren Inovasi           Januari, Jakarta
                                                                                                                  OJK Institute
                                      Teknologi di Sektor Keuangan                          January, Jakarta

                                      Webinar Insurance Revolution : How AI is
                                      Transforming The Underwriting and Optimizing          April, Jakarta        OJK Institute
                                      Business Processes

                                      Webinar Peran Strategis Industri Jasa Keuangan
                                      dalam Mendorong Pengembangan Ekonomi Daerah
                                                                                            Mei, Jakarta
                                      Webinar: The Strategic Role of the Financial                                OJK Institute
                                                                                            May, Jakarta
                                      Services Industry in Driving Regional Economic
                                      Development

                                      Training Design an Attractive Deck (Creating          Mei, Jakarta
                                                                                                                  T & Don
                                      PowerPoint Presentations That Inspire)                May, Jakarta
 Muhammad Adli
                     Team Leader
 Mubaroka
                                      Webinar Strategi Aman Transaksi Aset Kripto dan
                                      Keuangan Digital : Perlindungan Data Pribadi dan
                                      Dampak Teknologi Biometrik di Indonesia
                                                                                            Juni, Jakarta
                                      Webinar: Safe Strategies for Crypto Asset                                   OJK Institute
                                                                                            June, Jakarta
                                      Transactions and Digital Finance: Personal Data
                                      Protection and the Impact of Biometric Technology
                                      in Indonesia

                                      Webinar The Future of Cybersecurity : Threats,        Juni, Jakarta
                                                                                                                  OJK Institute
                                      Challenges and Innovations                            June, Jakarta

                                      Webinar Peran Digital Forensik dalam Penanganan
                                      dan Pengungkapan Kejahatan Keuangan                   Oktober, Jakarta
                                                                                                                  OJK Institute
                                      Webinar: The Role of Digital Forensics in Handling    October, Jakarta
                                      and Disclosing Financial Crimes




2025 Annual Report                                                                                                          619
Page 620
Corporate Governance
Corporate Governance




                                                                                               Waktu dan
                                         Jenis Pelatihan dan Materi Pengembangan                 Tempat
     Nama                  Jabatan                 Kompetensi /Pelatihan                      Pelaksanaan           Penyelenggara
     Name                  Position     Types of Training and Development Materials             Time and              Organizer
                                                    Competency / Training                       Place of
                                                                                             Implementation

                                        Webinar Cybersecurity for Everyone : Waspada         Oktober, Jakarta
                                                                                                                   PT Taspen
                                        Social Engineering & Phising                         October, Jakarta

                                        Training Review & Updating Tata Cara Penyusunan
                                        Kebijakan dan Prosedur Perbankan                     Maret, Jakarta
                                                                                                                   Infobank Institute
                                        Training Review & Updating Procedures for            March, Jakarta
 Dewi Nur Utami S   Team Leader         Preparing Banking Policies and Procedures

                                        Training The Credibility Compass: Navigating Truth   Mei, Jakarta          Semesta Akademi
                                        in Comunication                                      May, Jakarta          Business

                                                                                             Februari, Jakarta
                                        Training Compliance Management Fundamentals                                CRMS
                                                                                             February, Jakarta

                                                                                             Februari, Jakarta     Ultimate Service
                                        Training Influential Communication Skill
                                                                                             February, Jakarta     Consulting

                                                                                             Februari, Jakarta
                                        Training Microsoft Excel For Basic - Intermediate                          Mahaka Institute
                                                                                             February, Jakarta

                                        Webinar Meneropong Masa Depan Pasar Emas
                                        Indonesia : Peran Strategis Bullion Bank
                                                                                             April, Jakarta        OJK Institute
                                        Webinar: A Look at the Future of the Indonesian
                                        Gold Market: The Strategic Role of Bullion Banks

 Mahendra Yuda                          Webinar Legal for Non Legal : LDD dan LO bagi
                    Profesional Staff
 Perwira                                Perusahaan
                                                                                             September, Jakarta    PT Taspen
                                        Legal for Non-Legal Webinar: LDD and LO for
                                        Companies

                                        Webinar Risk Appetite and Risk Culture : Pilar
                                        Utama dalam Penguatan Manajemen Risiko di
                                        Sektor Keuangan                                      Oktober, Jakarta
                                                                                                                   OJK Institute
                                        Webinar Risk Appetite and Risk Culture : Pilar       October, Jakarta
                                        Utama dalam Penguatan Manajemen Risiko di
                                        Sektor Keuangan

                                        Webinar Peran Digital Forensik dalam Penanganan
                                        dan Pengungkapan Kejahatan Keuangan                  Oktober, Jakarta
                                                                                                                   OJK Institute
                                        Webinar Peran Digital Forensik dalam Penanganan      October, Jakarta
                                        dan Pengungkapan Kejahatan Keuangan




    620                                                                                                           Laporan Tahunan 2025
Page 621
                                                                                                                 PT Bank Mandiri Taspen




                                                                                                  Waktu dan
                                          Jenis Pelatihan dan Materi Pengembangan                   Tempat
     Nama                   Jabatan                 Kompetensi /Pelatihan                        Pelaksanaan           Penyelenggara
     Name                   Position     Types of Training and Development Materials               Time and              Organizer
                                                     Competency / Training                         Place of
                                                                                                Implementation

                                                                                                Februari, Jakarta
                                         Training Microsoft Excel For Basic – Intermediate                            Mahaka Institute
                                                                                                February, Jakarta

                                         Webinar Imboost Your Spirit : Cultivating Positivity   Februari, Jakarta
                                                                                                                      OJK Institute
                                         for a Balanced and Fulfilling Life                     February, Jakarta

                                         Peran GRC dalam meningkatkan kepercayaan
                                         investor dan stabilitas sektor keuangan                Februari, Jakarta
                                                                                                                      OJK Institute
                                         Peran GRC dalam meningkatkan kepercayaan               February, Jakarta
                                         investor dan stabilitas sektor keuangan

                                         Webinar Sustainability Accounting and Reporting        Maret, Jakarta
                                                                                                                      OJK Institute
                                         In The Financial Services                              March, Jakarta

                                         Webinar Insurance Revolution : How AI is
                                         Transforming The Underwriting and Optimizing           April, Jakarta        OJK Institute
                                         Business Processes

                                         Webinar Meneropong Masa Depan Pasar Emas
                                         Indonesia : Peran Strategis Bullion Bank
                                                                                                April, Jakarta        OJK Institute
                                         Webinar: Exploring the Future of Indonesia’s Gold
                                         Market – The Strategic Role of Bullion Banks

                                         Webinar Overcoming Behavioral Biases in
                                                                                                April, Jakarta        PT Taspen
                                         Investment Decision

                                         Webinar Peran Strategis Industri Jasa Keuangan
 Alfa Redo                               dalam Mendorong Pengembangan Ekonomi Daerah
                     Profesional Staff                                                          Mei, Jakarta
 Napitupulu                              Webinar: The Strategic Role of the Financial                                 OJK Institute
                                                                                                May, Jakarta
                                         Services Industry in Driving Regional Economic
                                         Development.

                                         Webinar The Art of Budget Management Reduce            Mei, Jakarta
                                                                                                                      PT Taspen
                                         Stress & Boost Strategy                                May, Jakarta

                                                                                                Mei, Jakarta          Ebagus Learning
                                         In-House Training Microsoft Excel Level Advance
                                                                                                May, Jakarta          Indonesia

                                         Training Design an Attractive Deck (Creating           Mei, Jakarta
                                                                                                                      T & Don
                                         PowerPoint Presentations That Inspire)                 May, Jakarta

                                                                                                Juni, Jakarta
                                         Bootcamp Data Analyst With Excel                                             DQLab
                                                                                                June, Jakarta

                                                                                                Juli, Jakarta
                                         Anti Fraud Awareness                                                         PT Taspen
                                                                                                July, Jakarta

                                         Webinar Mewujudkan Hari Tua yang Sejahtera :
                                         Strategi Peningkatan Kepesertaan Dana Pensiun di
                                         Sektor Informal                                        Agustus, Jakarta
                                                                                                                      OJK Institute
                                         Webinar: Achieving a Prosperous Retirement –           August, Jakarta
                                         Strategies to Increase Pension Fund Participation in
                                         the Informal Sector.

                                         Bootcamp Data Analyst With SQL & Python in             Agustus, Jakarta
                                                                                                                      DQLab
                                         Google Platform                                        August, Jakarta




2025 Annual Report                                                                                                              621
Page 622
Corporate Governance
Corporate Governance




                                                                                               Waktu dan
                                        Jenis Pelatihan dan Materi Pengembangan                  Tempat
      Nama                Jabatan                 Kompetensi /Pelatihan                       Pelaksanaan           Penyelenggara
      Name                Position     Types of Training and Development Materials              Time and              Organizer
                                                   Competency / Training                        Place of
                                                                                             Implementation

                                       Webinar Transformasi Digital : Tren Inovasi
                                       Teknologi di Sektor Keuangan                          Januari, Jakarta
                                                                                                                   OJK Institute
                                       Webinar: Digital Transformation – Trends in           January, Jakarta
                                       Technological Innovation in the Financial Sector.

                                       Webinar Insurance Revolution : How AI is
                                       Transforming The Underwriting and Optimizing          April, Jakarta        OJK Institute
                                       Business Processes

                                       Training Identifikasi Transaksi Keuangan
                                       Mencurigakan (ITKM) dan Penentuan Indikasi                                  Forum Komunikasi
                                       Tindak Pidana Asal (TPA)                                                    Direktur
                                                                                             April, Jakarta
                                       Training on Identification of Suspicious Financial                          Kepatuhan
                                       Transactions (ITKM) and Determination of                                    Perbankan
                                       Indications of Predicate Crimes (TPA)

                                       Webinar Peran Strategis Industri Jasa Keuangan
                                       dalam Mendorong Pengembangan Ekonomi Daerah
                                                                                             Mei, Jakarta
                                       Webinar: The Strategic Role of the Financial                                OJK Institute
                                                                                             May, Jakarta
                                       Services Industry in Driving Regional Economic
                                       Development

                                       Training Design an Attractive Deck (Creating          Mei, Jakarta
 Ernita Rizki                                                                                                      T&Don
                   Profesional Staff   PowerPoint Presentations That Inspire)                May, Jakarta
 Manulang
                                                                                             Mei, Jakarta          Ebagus Learning
                                       In-House Training Microsoft Excel Level Advance
                                                                                             May, Jakarta          Indonesia

                                       Webinar The Future of Cybersecurity : Threats,        Juni, Jakarta
                                                                                                                   OJK Institute
                                       Challenges and Innovations                            June, Jakarta

                                       Webinar Strategi Aman Transaksi Aset Kripto dan
                                       Keuangan Digital : Perlindungan Data Pribadi dan
                                       Dampak Teknologi Biometrik di Indonesia
                                                                                             Juni, Jakarta
                                       Webinar: Safe Strategies for Crypto Asset                                   OJK Institute
                                                                                             June, Jakarta
                                       Transactions and Digital Finance: Personal Data
                                       Protection and the Impact of Biometric Technology
                                       in Indonesia

                                                                                             Juni, Jakarta
                                       Webinar Understanding Corporate Image                                       PT Taspen
                                                                                             June, Jakarta

                                       Webinar Legal for Non Legal : LDD dan LO bagi
                                                                                             September, Jakarta    PT Taspen
                                       Perusahaan

                                       Webinar Peran Digital Forensik dalam Penanganan       Oktober, Jakarta
                                                                                                                   OJK Institute
                                       dan Pengungkapan Kejahatan Keuangan                   October, Jakarta

                                       Webinar Peran GRC dalam meningkatkan
                                       kepercayaan investor dan stabilitas sektor
                                                                                             Februari, Jakarta
                                       keuangan                                                                    OJK Institute
                                                                                             February, Jakarta
                                       Webinar: The Role of GRC in Increasing Investor
                                       Confidence and Financial Sector Stability

                                       In-House Training Microsoft Excel For Basic -         Februari, Jakarta
                                                                                                                   Mahaka Institute
                                       Intermediate                                          February, Jakarta

                                       Training Identifikasi Transaksi Keuangan
                                       Mencurigakan (ITKM) dan Penentuan Indikasi                                  Forum Komunikasi
 Dahayu Nandira    Profesional Staff
                                       Tindak Pidana Asal (TPA)                                                    Direktur
                                                                                             April, Jakarta
                                       Training on Identification of Suspicious Financial                          Kepatuhan
                                       Transactions (ITKM) and Determination of                                    Perbankan
                                       Indications of Predicate Crimes (TPA)

                                       Webinar Peran Industri Jasa Keuangan dalam
                                       Mendukung Proyek Strategis Nasional :
                                       Pembangunan 3 Juta Rumah                              Juli, Jakarta
                                                                                                                   OJK Institute
                                       Webinar: The Role of the Financial Services           July, Jakarta
                                       Industry in Supporting National Strategic Projects:
                                       Building 3 Million Homes




    622                                                                                                           Laporan Tahunan 2025
Page 623
                                                                                                                PT Bank Mandiri Taspen




                                                                                                 Waktu dan
                                          Jenis Pelatihan dan Materi Pengembangan                  Tempat
      Nama                  Jabatan                 Kompetensi /Pelatihan                       Pelaksanaan           Penyelenggara
      Name                  Position     Types of Training and Development Materials              Time and              Organizer
                                                     Competency / Training                        Place of
                                                                                               Implementation

                                         Webinar Dinamika Geopolitik dan Ketahanan
                                         Nasional : Strategi Memperkuat Perekonomian
                                         Indonesia                                             Agustus, Jakarta
                                                                                                                     OJK Institute
                                         Webinar on Geopolitical Dynamics and National         August, Jakarta
                                         Resilience: Strategies to Strengthen the Indonesian
                                         Economy

                                         Webinar Strategi Peningkatan Daya Saing serta
                                         Pendalaman Perbankan Syariah dan Pasar Modal
                                         Syariah                                               Agustus, Jakarta
                                                                                                                     OJK Institute
                                         Webinar on Strategies to Increase Competitiveness     August, Jakarta
                                         and Deepen the Study of Islamic Banking and
                                         Islamic Capital Markets

                                         Webinar Mewujudkan Hari Tua yang Sejahtera :
                                         Strategi Peningkatan Kepesertaan Dana Pensiun di
                                         Sektor Informal                                       Agustus, Jakarta
                                                                                                                     OJK Institute
                                         Webinar: Achieving a Prosperous Old Age:              August, Jakarta
                                         Strategies for Increasing Pension Fund
                                         Participation in the Informal Sector

                                                                                               Februari, Jakarta
                                         IDEA User Group Gathering                                                   Insight Consulting
                                                                                               February, Jakarta

                                         Training Review & Updating Tata Cara Penyusunan
                                         Kebijakan dan Prosedur Perbankan                      Maret, Jakarta
                                                                                                                     Infobank Institute
                                         Training Review & Updating of Banking Policy and      March, Jakarta
                                         Procedure Preparation Procedures

 I Gede Widira                           Pelatihan Anti Korupsi Tematik Investigatif bagi
 Yasa                                    BUMN                                                  Juni, Jakarta
                                                                                                                     KPK
                                         Thematic Investigative Anti-Corruption Training for   June, Jakarta
                                         State-Owned Enterprises

                                                                                               Juli, Jakarta
                                         Anti Fraud Awareness                                                        PT Taspen
                                                                                               July, Jakarta

                                         Peranan Audit Internal                                Agustus, Jakarta
                                                                                                                     PT Taspen
                                         The Role of Internal Audit                            August, Jakarta

                                         Webinar Transformasi Digital: Tren Inovasi
                                         Teknologi di Sektor Keuangan                          Januari, Jakarta
                                                                                                                     OJK Institute
                                         Digital Transformation Webinar: Technology            January, Jakarta
                                         Innovation Trends in the Financial Sector
                     Profesional Staff
                     Pelaksana
                                                                                               Februari, Jakarta     Ultimate Service
                                         Training Influential Communication Skill
                                                                                               February, Jakarta     Consulting

                                                                                               Februari, Jakarta
                                         Training Microsoft Excel for Basic - Intermediate                           Mahaka Institute
                                                                                               February, Jakarta

                                         Webinar Peran Strategis Industri Jasa Keuangan
                                         dalam Mendorong Pengembangan Ekonomi Daerah           Mei, Jakarta
                                                                                                                     OJK Institute
 Fitri Dwiyan                            Webinar Peran Strategis Industri Jasa Keuangan        May, Jakarta
 Triaspuri                               dalam Mendorong Pengembangan Ekonomi Daerah

                                         Training Design an Attractive Deck                    Mei, Jakarta
                                                                                                                     T & Don
                                         (Creating PowerPoint Presentations That Inspire)      May, Jakarta

                                                                                               Agustus, Jakarta
                                         Webinar Direct Investment High Risk High Return                             PT Taspen
                                                                                               August, Jakarta

                                         Webinar UMKM Mendunia: Strategi Peningkatan
                                         Skala Bisnis Menembus Pasar Nasional dan
                                         Internasional
                                                                                               September, Jakarta    OJK Institute
                                         Global MSME Webinar: Strategies for Scaling Up
                                         Businesses to Penetrate National and International
                                         Markets




2025 Annual Report                                                                                                             623
Page 624
Corporate Governance
Corporate Governance




                                                                                               Waktu dan
                                        Jenis Pelatihan dan Materi Pengembangan                  Tempat
     Nama                 Jabatan                 Kompetensi /Pelatihan                       Pelaksanaan           Penyelenggara
     Name                 Position     Types of Training and Development Materials              Time and              Organizer
                                                   Competency / Training                        Place of
                                                                                             Implementation

                                                                                             Februari, Jakarta     Ultimate Service
                                       In-House Training Influential Communication Skill
                                                                                             February, Jakarta     Consulting

                                       Training Design an Attractive Deck (Creating          Mei, Jakarta
                                                                                                                   T & Don
                                       PowerPoint Presentations That Inspire)                May, Jakarta

                                       Webinar Customer Experience : Strategies for          Mei, Jakarta
                                                                                                                   OJK Institute
                                       Success in Digital Era                                May, Jakarta

                                       Webinar The Art of Budget Management Reduce           Mei, Jakarta
                                                                                                                   PT Taspen
                                       Stress & Boost Strategy                               May, Jakarta

                                       Webinar Memutus Mata Rantai Scam : Sinergi dan
                                       Strategi Perlindungan Konsumen Sektor Keuangan
                                                                                             Juni, Jakarta
                                       Webinar: Breaking the Chain of Scams: Synergy                               OJK Institute
                                                                                             June, Jakarta
                                       and Consumer Protection Strategies in the Financial
 Yoche Asharika    Team Leader
                                       Sector

                                                                                             Juli, Jakarta
                                       Anti Fraud Awareness                                                        PT Taspen
                                                                                             July, Jakarta

                                       Webinar UMKM mendunia : Strategi Peningkatan
                                       Skala Bisnis Menembus Pasar Nasional dan
                                       Internasional
                                                                                             September, Jakarta    OJK Institute
                                       Global MSME Webinar: Strategies for Scaling Up
                                       Businesses to Penetrate National and International
                                       Markets

                                       Webinar Peran Digital Forensik dalam Penanganan
                                       dan Pengungkapan Kejahatan Keuangan                   Oktober, Jakarta
                                                                                                                   OJK Institute
                                       Webinar: The Role of Digital Forensics in Handling    October, Jakarta
                                       and Disclosing Financial Crimes

                                       Webinar Transformasi Digital : Tren Inovasi
                                       Teknologi di Sektor Keuangan                          Januari, Jakarta
                                                                                                                   OJK Institute
                                       Digital Transformation Webinar: Technological         January, Jakarta
                                       Innovation Trends in the Financial Sector

                                       Training Cyber Risk Management                        Februari, Jakarta
                                                                                                                   CRMS
                                       Cyber ​​Risk Management Training                      February, Jakarta

                                       Webinar Urgensi Transparansi Keuangan Hijau
                                       Pada Lembaga Jasa Keuangan                            Mei, Jakarta
                                                                                                                   OJK Institute
                                       Webinar on the Urgency of Green Financial             May, Jakarta
                                       Transparency in Financial Services Institutions

                                       Webinar The Future of Cybersecurity : Threats,        Juni, Jakarta
                                                                                                                   OJK Institute
                                       Challenges and Innovations                            June, Jakarta

                                                                                             Juni, Jakarta
                                       Webinar Understanding Corporate Image                                       PT Taspen
                                                                                             June, Jakarta
 Hendy Prasetya    Profesional Staff
                                       Webinar Agentic AI in Finance : A New Era of          Juli, Jakarta
                                                                                                                   OJK Institute
                                       Autonomous Decision - Making                          July, Jakarta

                                       Peranan Audit Internal                                Agustus, Jakarta
                                                                                                                   PT Taspen
                                       The Role of Internal Audit                            August, Jakarta

                                       Webinar Mewujudkan Hari Tua yang Sejahtera :
                                       Strategi Peningkatan Kepesertaan Dana Pensiun di
                                       Sektor Informal                                       Agustus, Jakarta
                                                                                                                   OJK Institute
                                       Webinar: Achieving a Prosperous Old Age:              August, Jakarta
                                       Strategies for Increasing Pension Fund
                                       Participation in the Informal Sector

                                       Webinar Peran Digital Forensik dalam Penanganan
                                       dan Pengungkapan Kejahatan Keuangan
                                                                                             Oktober, Jakarta
                                       Webinar: Achieving a Prosperous Old Age:                                    OJK Institute
                                                                                             October, Jakarta
                                       Strategies for Increasing Pension Fund
                                       Participation in the Informal Sector




    624                                                                                                           Laporan Tahunan 2025
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                                                                                                                PT Bank Mandiri Taspen




                                                                                                  Waktu dan
                                           Jenis Pelatihan dan Materi Pengembangan                  Tempat
      Nama                   Jabatan                 Kompetensi /Pelatihan                       Pelaksanaan          Penyelenggara
      Name                   Position     Types of Training and Development Materials              Time and             Organizer
                                                      Competency / Training                        Place of
                                                                                                Implementation

                                          Webinar How to Achieve Peak Performance in            Januari, Jakarta
                                                                                                                     OJK Institute
                                          2025                                                  January, Jakarta

                                          Training The Credibility Compass: Navigating Truth    Mei, Jakarta         Semesta Akademi
                                          in Comunication                                       May, Jakarta         Business

                                          Webinar Peran Strategis Industri Jasa Keuangan
                                          dalam Mendorong Pengembangan Ekonomi Daerah
                                                                                                Mei, Jakarta
                                          Webinar: The Strategic Role of the Financial                               OJK Institute
                                                                                                May, Jakarta
                                          Services Industry in Driving Regional Economic
                                          Development

                                                                                                Juni, Jakarta
                                          Webinar Understanding Corporate Image                                      PT Taspen
                                                                                                June, Jakarta

                                                                                                Juli, Jakarta
                                          Anti Fraud Awareness                                                       PT Taspen
                                                                                                July, Jakarta

                                          Webinar Agentic AI in Finance : A New Era of          Juli, Jakarta
                                                                                                                     OJK Institute
                                          Autonomous Decision - Making                          July, Jakarta

 R. Aria Wibisana S   Profesional Staff   Peranan Audit Internal                                Agustus, Jakarta
                                                                                                                     PT Taspen
                                          The Role of Internal Audit                            August, Jakarta

                                          Legal for Non Legal: LDD dan LO bagi Perusahaan
                                                                                                September, Jakarta   PT Taspen
                                          Legal for Non-Legal: LDD and LO for Companies

                                          Webinar Tren Modus dan Skema Pencucian
                                          Uang Terbaru : Strategi Identifikasi, Mitigasi, dan
                                          Penegakan Hukum
                                                                                                September, Jakarta   OJK Institute
                                          Webinar: Latest Money Laundering Trends and
                                          Schemes: Identification, Mitigation, and Law
                                          Enforcement Strategies

                                          Peran Digital Forensik dalam Penanganan dan
                                          Pengungkapan Kejahatan Keuangan                       Oktober, Jakarta
                                                                                                                     OJK Institute
                                          The Role of Digital Forensics in Handling and         October, Jakarta
                                          Disclosing Financial Crimes

                                          Webinar Cybersecurity for Everyone : Waspada
                                          Social Engineering & Phising                          Oktober, Jakarta
                                                                                                                     PT Taspen
                                          Cybersecurity for Everyone Webinar: Beware of         October, Jakarta
                                          Social Engineering & Phishing

                                          Pembekalan Sertifikasi Manajemen Risiko Jenjang 4     Mei, Jakarta
                                                                                                                     Gema Prima Solusi
                                          Risk Management Certification Level 4 Training        May, Jakarta

                                          Pembekalan Sertifikasi Audit Intern Level Auditor
                                          Kualifikasi IV KKNI                                   Juli, Jakarta
                                                                                                                     LPPI
                                          Internal Audit Certification Provision for Auditor    July, Jakarta
                                          Level IV Qualification KKNI

                                                                                                Juli, Jakarta
                                          Anti Fraud Awareness                                                       PT Taspen
 Rakean Andana                                                                                  July, Jakarta
                      Team Leader
 K. Harun
                                          Peranan Audit Internal                                Agustus, Jakarta
                                                                                                                     PT Taspen
                                          The Role of Internal Audit                            August, Jakarta

                                          Legal for Non Legal : LDD dan LO bagi Perusahaan
                                                                                                September, Jakarta   PT Taspen
                                          Legal for Non-Legal: LDD and LO for Companies

                                          Cybersecurity for Everyone : Waspada Social
                                                                                                Oktober, Jakarta
                                          Engineering & Phising                                                      PT Taspen
                                                                                                October, Jakarta
                                          Legal for Non-Legal: LDD and LO for Companies




2025 Annual Report                                                                                                             625
Page 626
Corporate Governance
Corporate Governance




                                                                                              Waktu dan
                                        Jenis Pelatihan dan Materi Pengembangan                 Tempat
     Nama                 Jabatan                 Kompetensi /Pelatihan                      Pelaksanaan           Penyelenggara
     Name                 Position     Types of Training and Development Materials             Time and              Organizer
                                                   Competency / Training                       Place of
                                                                                            Implementation

                                       Webinar Peran GRC dalam meningkatkan
                                       kepercayaan investor dan stabilitas sektor
                                                                                            Februari, Jakarta
                                       keuangan                                                                   OJK Institute
                                                                                            February, Jakarta
                                       Webinar: The Role of GRC in Increasing Investor
                                       Confidence and Financial Sector Stability

                                       Microsoft Excel For Basic - Intermediate             Februari, Jakarta
                                                                                                                  Mahaka Institute
                                       Microsoft Excel For Basic - Intermediate             February, Jakarta

                                       Training Memperkuat Integritas Pelaporan
                                       Keuangan Bank Strategi Implementasi POJK No. 15
                                       Tahun 2024                                           Maret, Jakarta
                                                                                                                  Infobank Institute
                                       Training to Strengthen the Integrity of Bank         March, Jakarta
                                       Financial Reporting: Strategy for Implementing
                                       POJK No. 15 of 2024

                                                                                            Mei, Jakarta          Ebagus Learning
                                       In-House Training Microsoft Excel Level Advance
                                                                                            May, Jakarta          Indonesia

                                       Pembekalan Sertifikasi Manajemen Risiko Jenjang 4    Juli, Jakarta
                                                                                                                  Gema Prima Solusi
                                       Risk Management Certification Level 4 Training       July, Jakarta

                                       Pembekalan Sertifikasi Audit Intern Level Auditor
                                       Kualifikasi IV KKNI                                  Juli, Jakarta
                                                                                                                  LPPI
                                       Internal Audit Certification Provision for Auditor   July, Jakarta
 Shinta Widyani    Profesional Staff   Level IV Qualification KKNI

                                       Webinar Agentic AI in Finance : A New Era of         Juli, Jakarta
                                                                                                                  OJK Institute
                                       Autonomous Decision - Making                         July, Jakarta

                                       Webinar Strategi Peningkatan Daya Saing serta
                                       Pendalaman Perbankan Syariah dan Pasar Modal
                                       Syariah                                              Agustus, Jakarta
                                                                                                                  OJK Institute
                                       Webinar on Strategies to Increase Competitiveness    August, Jakarta
                                       and Deepen the Study of Islamic Banking and
                                       Islamic Capital Markets

                                       Webinar Mewujudkan Hari Tua yang Sejahtera :
                                       Strategi Peningkatan Kepesertaan Dana Pensiun di
                                       Sektor Informal                                      Agustus, Jakarta
                                                                                                                  OJK Institute
                                       Webinar: Achieving a Prosperous Old Age:             August, Jakarta
                                       Strategies for Increasing Pension Fund
                                       Participation in the Informal Sector

                                       Transformasi Generative AI : Peluang Generative
                                       Engine Optimization (GEO) dalam Menggeser
                                       Dominasi Search Engine Optimization (SEO)
                                       Generative AI Transformation: The Opportunity of     September, Jakarta    OJK Institute
                                       Generative Engine Optimization (GEO) in Shifting
                                       the Dominance of Search Engine Optimization
                                       (SEO)




    626                                                                                                          Laporan Tahunan 2025
Page 627
                                                                                                           PT Bank Mandiri Taspen




                                                                                            Waktu dan
                                       Jenis Pelatihan dan Materi Pengembangan                Tempat
      Nama                 Jabatan               Kompetensi /Pelatihan                     Pelaksanaan           Penyelenggara
      Name                 Position   Types of Training and Development Materials            Time and              Organizer
                                                  Competency / Training                      Place of
                                                                                          Implementation

                                      Webinar Meneropong Masa Depan Pasar Emas
                                      Indonesia : Peran Strategis Bullion Bank
                                                                                          April, Jakarta        OJK Institute
                                      Webinar: A Look at the Future of the Indonesian
                                      Gold Market: The Strategic Role of Bullion Banks

                                      Webinar The Art of Budget Management Reduce         Mei, Jakarta
                                                                                                                PT Taspen
                                      Stress & Boost Strategy                             May, Jakarta

                                      Webinar Peran Strategis Industri Jasa Keuangan
                                      dalam Mendorong Pengembangan Ekonomi Daerah
                                                                                          Mei, Jakarta
                                      Webinar: The Strategic Role of the Financial                              OJK Institute
                                                                                          May, Jakarta
                                      Services Industry in Driving Regional Economic
                                      Development

                                                                                          Juni, Jakarta
                                      Webinar Investment Management for Happy Future                            OJK Institute
                                                                                          June, Jakarta

                                                                                          Agustus, Jakarta
                                      Webinar Direct Investment High Risk High Return                           PT Taspen
                                                                                          August, Jakarta
 Fikri Audy
                     Pelaksana        Webinar Mewujudkan Hari Tua yang Sejahtera :
 Rochman
                                      Strategi Peningkatan Kepesertaan Dana Pensiun di
                                      Sektor Informal                                     Agustus, Jakarta
                                                                                                                OJK Institute
                                      Webinar: Achieving a Prosperous Old Age:            August, Jakarta
                                      Strategies for Increasing Pension Fund
                                      Participation in the Informal Sector

                                      Webinar Strategi Peningkatan Daya Saing serta
                                      Pendalaman Perbankan Syariah dan Pasar Modal
                                      Syariah                                             Agustus, Jakarta
                                                                                                                OJK Institute
                                      Webinar on Strategies to Increase Competitiveness   August, Jakarta
                                      and Deepen the Study of Islamic Banking and
                                      Islamic Capital Markets

                                      Legal for Non Legal : LDD dan LO bagi Perusahaan
                                                                                          September, Jakarta    PT Taspen
                                      Legal for Non-Legal: LDD and LO for Companies

                                      Peran Digital Forensik dalam Penanganan dan
                                      Pengungkapan Kejahatan Keuangan                     Oktober, Jakarta
                                                                                                                OJK Institute
                                      The Role of Digital Forensics in Handling and       October, Jakarta
                                      Disclosing Financial Crimes

                                      Risk Appetite and Risk Culture: Pilar Utama dalam
                                      Penguatan Manajemen Risiko di Sektor Keuangan
                                                                                          Oktober, Jakarta
                                      Risk Appetite and Risk Culture: Key Pillars in                            OJK Institute
                                                                                          October, Jakarta
                                      Strengthening Risk Management in the Financial
                                      Sector

                                      Pembekalan Sertifikasi Manajemen Risiko Jenjang 4   Mei, 2025
                                                                                                                Gema Prima Solusi
                                      Risk Management Certification Level 4 Training      May, 2025




2025 Annual Report                                                                                                        627
Page 628
Corporate Governance
Corporate Governance




Internal Audit Charter                                                Internal Audit Charter

Internal Audit telah memiliki Piagam Internal Audit (Internal         The Internal Audit had an Internal Audit Charter, which
Audit Charter) yang updating terakhir ditetapkan oleh Komisaris       was most recently updated and approved by the President
Utama dan Direktur Utama tanggal 09 November 2023.                    Commissioner and the President Director on 9 November 2023.
Internal Audit Charter disusun berdasarkan Peraturan OJK No.          The Internal Audit Charter was prepared in accordance with
1/POJK.03/2019 tentang Penerapan Fungsi Audit Intern Pada             Financial Services Authority Regulation No. 1/POJK.03/2019
Bank Umum. Internal Audit Charter memuat tentang tentang              concerning the Implementation of the Internal Audit Function in
Visi, Misi, Fungsi, Struktur dan Kedudukan Internal Audit,            Commercial Banks, and it covered the Vision, Mission, Function,
Ruang Lingkup, Kewenangan dan Tanggung Jawab, Kode Etik               Structure and Position of Internal Audit, Scope of Work,
Internal Audit, Aktivitas Internal Audit, Tata Kelola Terintegrasi,   Authority and Responsibilities, Internal Audit Code of Ethics,
Program Asurans dan Peningkatan Kualitas.                             Internal Audit Activities, Integrated Governance, Assurance
                                                                      Program, and Quality Improvement.


Kewenangan dan Tanggung Jawab Internal Audit                          Authorities and Responsibilities of Internal Audit

Dalam menjalankan fungsinya, Internal Audit diberikan                 In carrying out its functions, Internal Audit is provided with
kewenangan dan tanggung jawab sebagai berikut.                        Authorities and responsibilities as follows.


Kewenangan:                                                           Authorities:
Dalam pelaksanaan fungsinya, Internal Audit dilarang                  In carrying out its function, Internal Audit was not permitted to
memiliki kewenangan untuk melaksanakan kegiatan-kegiatan              have authority to perform operational activities of the auditees.
operasional dari auditee. Kewenangan Internal Audit yaitu             The authority of Internal Audit was as follows:
sebagai berikut:
1. Mengakses seluruh informasi yang relevan tentang Bank              1. Access all relevant information about the Bank related to
    terkait dengan tugas dan fungsi SKAI.                                the duties and functions of SKAI.
2. Melakukan komunikasi secara langsung dengan Direksi,               2. Communicating directly with the Board of Directors, Board
    Dewan Komisaris dan Komite Audit.                                    of Commissioners and the Audit Committee.
3. Menyelenggarakan rapat secara berkala dan insidentil               3. Holding regular and incidental meetings with the Board of
    dengan Direksi, Dewan Komisaris dan Komite Audit.                    Directors, Board of Commissioners and Audit Committee.
4. Melakukan koordinasi kegiatan dengan auditor eksternal             4. Coordinate activities with external auditors and work units
    dan unit kerja yang melakukan fungsi pengendalian lain               that perform other control functions at the Bank without
    pada Bank tanpa menyebabkan pengalihan tanggung                      causing a transfer of responsibility for each work unit in the
    jawab masing-masing unit kerja dalam fungsi pengendalian.            control function.
5. Mengikuti rapat yang bersifat strategis.                           5. Participate in strategic meetings.


Tanggung jawab:                                                       Responsibilities:
Tanggung jawab Internal Audit adalah sebagai berikut:                 Internal Audit responsibilities are as follows:
1. Membantu tugas Direktur Utama dan Dewan Komisaris                  1. Assisting the duties of the President Director and the Board
   dalam melakukan pengawasan Bank dengan cara                            of Commissioners in supervising the Bank by explaining
   menjabarkan secara operasional baik perencanaan,                       operationally the planning, implementation, and monitoring
   pelaksanaan, maupun pemantauan hasil audit.                            of audit results.
2. Membuat analisis dan penilaian di bidang keuangan,                 2. Make analysis and assessment in the field of finance,
   akuntansi, operasional, dan kegiatan lain melalui audit.               accounting, operations and other activities through audits.
3. Mengidentifikasi segala kemungkinan untuk memperbaiki              3. Identify all possibilities to improve and increase the
   dan meningkatkan efisiensi penggunaan sumber daya dan                  efficiency of the use of resources and funds.
   dana.
4. Memberikan saran perbaikan dan informasi yang objektif             4. Provide suggestions for improvement and objective
   tentang kegiatan yang diperiksa pada semua tingkatan                  information about the activities examined at all levels of
   manajemen.                                                            management.
5. Merencanakan dan melaksanakan aktivitas Internal Audit             5. Plan and carry out Internal Audit activities with an emphasis
   dengan penekanan pada bidang/aktivitas yang mempunyai                 on areas/activities that have high risk and evaluate existing
   risiko tinggi serta mengevaluasi prosedur/control system              procedures/control systems to gain confidence that the
   yang ada untuk memperoleh keyakinan bahwa tujuan dan                  Bank’s goals and objectives can be achieved optimally.
   sasaran Bank dapat dicapai secara optimal.




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Komposisi Personil Internal Audit                                         Composition Internal Audit Personnel

Komposisi personil Internal Audit per Desember 2025 adalah                The composition of Internal Audit personnel as of December
sebagai berikut.                                                          2025 was as follows.



              Jabatan
                                               Existing                             Manning                            Recruitment
              Position

 Division Head                                     1                                       1                                  -

 Department Head                                   3                                       4                                  1

 Team Leader / SPS                                 6                                       6                                  -

 Professional Staff                                8                                   12                                     4

 Pelaksana
                                                   2                                       2                                  -
 Executor

 Total                                            20                                   25                                     5



Sertifikasi Profesi Personil Internal Audit                               Professional Individual Certification of Internal Audit


         Nama                Jabatan
                                                          Nama Sertifikasi                                  Certification Name
         Name                Position

                                           Sertifikat Manajemen Risiko Jenjang 6               Risk Management Certificate Level 6

                                           Chartered Accountant (CA)                           Chartered Accountant (CA)

                                           Qualified Internal Auditor (QIA)                    Qualified Internal Auditor (QIA)

                                           Certified Internal Audit Executive                  Certified Internal Audit Executive
 M. Jacobie
                         Division Head
 WHenry W.                                 Sertifikat Kompetensi Audit Manajer Kualifikasi     Audit Manager Competency Certificate,
                                           VI KKNI                                             Qualification VI, KKNI

                                           Sertifikat Kompetensi Kepatuhan Perbankan           Banking Compliance Competency Certificate,
                                           Jenjang 6                                           Level 6

                                           Sertifikasi Koperasi Jasa Keuangan Financial
                                                                                               Financial Service Cooperative Certification
                                           Service Cooperative

                                           Sertifikat Manajemen Risiko Jenjang 5               Risk Management Certificate Level 5

 R. Ambar                                  Sertifikasi IT Security and Compliance – Auditor    IT Security and Compliance Certification –
                         Department Head
 Soenarno                                  Ahli Tekhnologi Informasi                           Information Technology Expert Auditor

                                           Qualified Internal Auditor (QIA)                    Qualified Internal Auditor (QIA)

                                           Sertifikasi Sistem Pembayaran dan Pengelolaan       Level 5 Certification in Payment Systems and
                                           Uang Rupiah Jenjang 5                               Rupiah Currency Management

                                           Certified Internal Auditor Profesional (CIAP)       Certified Internal Auditor Profesional (CIAP)

                                           Sertifikat Auditor Level Supervisor                 Supervisor Level Auditor Certificate




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      Nama                 Jabatan
                                                        Nama Sertifikasi                                  Certification Name
      Name                 Position

                                         Sertifikat Manajemen Risiko Jenjang 5              Risk Management Certificate Level 5

                                         Sertifikasi Kompetensi Audit Intern Level          Certification of Internal Audit Competency
                                         Auditor (CBIA)                                     Level Auditor (CBIA)

                                         Certified Anti Fraud Manager (CAFM)                Certified Anti Fraud Manager (CAFM)

                                         Certified Internal Auditor Professional (CIAP)     Certified Internal Auditor Professional (CIAP)
 Amastra Wisdo
                       Department Head
 Hardian
                                         Certified Profesional Information Technology       Certified Profesional Information Technology
                                         Auditor (CPITA)                                    Auditor (CPITA)

                                         Sertifikat Auditor Level Supervisor                Supervisor-Level Auditor Certificate

                                         Sertifikasi Standarisasi Kompetensi Bidang         Certification of Payment Systems Competency
                                         Sistem Pembayaran (SK-SP) Jenjang 5 Sub            Standards (SK-SP) Level 5, Fund Transfer
                                         Bidang Pengelolaan Transfer Dana                   Management Sub-Sector

                                         CISSP (Certified Information Systems Security      CISSP (Certified Information Systems Security
                                         Professional)                                      Professional)

                                         Sertifikasi Kompetensi Audit Intern Level          Internal Audit Competency Certification at
                                         Supervisor                                         Supervisor Level

                                         Qualified Internal Auditor (QIA) Level Dasar       Qualified Internal Auditor (QIA) Level Dasar

                                         Certified Leadership Succession Planner            Certified Leadership Succession Planner
                                         (CLSP)                                             (CLSP)

                                         Sertifikasi Analisis Keamanan Siber / Analisis     Cybersecurity Analysis / Cybersecurity Incident
                                         Insiden Keamanan Siber                             Analysis Certification

                                         Sistem Manajemen Risiko level 2                    Level 2 Risk Management System

                                         Sertifikasi IT Security and Compliance – Auditor   IT Security and Compliance Certification –
                                         Ahli Tekhnologi Informasi                          Information Technology Expert Auditor

 Binu Nuryadi          Department Head   Setifikasi Data Management Analyst                 Data Management Analyst Certification

                                         Sertifikasi BNSP Cyber Security Analyst            BNSP Cyber Security Analyst Certification

                                         CISA Review Course                                 CISA Review Course

                                         Certified CCNAv7 Switching, Routing &              Certified CCNAv7 Switching, Routing &
                                         Network Essentials                                 Network Essentials

                                         Certified Profesional Information Technology       Certified Profesional Information Technology
                                         Auditor (CPITA)                                    Auditor (CPITA)

                                         Sertifikasi CISCO Ethical Hacker                   CISCO Ethical Hacker Certification

                                         Sertifikasi Network Defense                        Network Defense Certification

                                         Sertifikasi Cyber Threat Management                Cyber Threat Management Certification

                                         Sertfikasi Data Analytics Essentials               Data Analytics Essentials Certification

                                         Sertifikasi Endpoint Security                      Endpoint Security Certification

                                         Sertifikasi English for IT 1                       English for IT 1 Certification

                                         Sertifikasi Introduction to Cybersecurity          Introduction to Cybersecurity Certification

                                         Sertifikasi Standarisasi Kompetensi Sistem         Payment System Competency Standardization
                                         Pembayaran Jenjang 5 Sub Bidang Pengelolaan        Certification Level 5, Fund Transfer
                                         Transfer Dana                                      Management Sub-Field




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      Nama                Jabatan
                                                        Nama Sertifikasi                                 Certification Name
      Name                Position

                                         Sistem Manajemen Risiko Jenjang 4                  Risk Management System Level 4

                                         Sertifikasi Auditor Level Auditor (Jenjang 4)      Auditor Certification (Level 4)

 Abyan Kurniawan     Team Leader         Sertifikasi Standarisasi Kompetensi Bidang         Payment Systems Competency Standardization
                                         Sistem Pembayaran (SK-SP) Jenjang 5 Sub            Certification (SK-SP) Level 5, Fund Transfer
                                         Bidang Pengelolaan Transfer Dana                   Management Sub-Sector

                                         Certified Internal Auditor Professional (CIAP)     Certified Internal Auditor Professional (CIAP)

                                         Sertifikasi Auditor Level Auditor (Jenjang 4)      Auditor Certification (Level 4)

                                         Sistem Manajemen Risiko Jenjang 4                  Risk Management System Level 4
 Antonius Hartik
                     Team Leader
 Wahyu
                                         Sertifikasi Standarisasi Kompetensi Bidang         Payment Systems Competency Standardization
                                         Sistem Pembayaran (SK-SP) Jenjang 5 Sub            Certification (SK-SP) Level 5, Fund Transfer
                                         Bidang Pengelolaan Transfer Dana                   Management Sub-Sector

                                         Sistem Manajemen Risiko level 1                    Risk Management System Level 1

                                         Qualified Internal Auditor (QIA) Level Dasar       Qualified Internal Auditor (QIA) Basic Level

 Dewi Nur Utami S    Team Leader         Sertifikasi Auditor Level Auditor (Jenjang 4)      Auditor Certification (Level 4)

                                         Sertifikasi Standarisasi Kompetensi Sistem         Payment System Competency Standardization
                                         Pembayaran Jenjang 5 Sub Bidang Pengelolaan        Certification Level 5, Fund Transfer
                                         Transfer Dana                                      Management Sub-Field

                                         Certified Professional IT Auditor                  Certified Professional IT Auditor

                                         Sertifikasi Standarisasi Kompetensi Bidang         Payment Systems Competency Standardization
                                         Sistem Pembayaran (SK-SP) Jenjang 5 Sub            Certification (SK-SP) Level 5, Fund Transfer
                                         Bidang Pengelolaan Transfer Dana                   Management Sub-Field
 M. Adli Mubaroka    Team Leader
                                         Sertifikasi ICoFR (Internal Control over           ICoFR (Internal Control over Financial
                                         Financial Reporting)                               Reporting) Certification

                                         Sertifikasi Auditor Level Auditor (Jenjang 4)      Auditor Level Certification (Level 4)

                                         Sistem Manajemen Risiko Jenjang 4                  Risk Management System Level 4

                                         Sertifikasi Auditor Level Auditor (Jenjang 4)      Auditor Certification (Level 4)

                                         Manajemen Risiko Jenjang 4                         Risk Management Level 4
 Yoche Asharika      Team Leader
                                         Sertifikasi Standarisasi Kompetensi Bidang         Payment Systems Competency Standardization
                                         Sistem Pembayaran (SK-SP) Jenjang 5 Sub            Certification (SK-SP) Level 5, Fund Transfer
                                         Bidang Pengelolaan Transfer Dana                   Management Sub-Sector

                                         Sertifikasi Standarisasi Kompetensi Bidang         Payment Systems Competency Standardization
                                         Sistem Pembayaran (SK-SP) Jenjang 5 Sub            Certification (SK-SP) Level 5, Fund Transfer
                                         Bidang Pengelolaan Transfer Dana                   Management Sub-Field
 Rakean Andana K.
                     Team Leader
 Harun
                                         Sertifikasi Internal Auditor                       Internal Auditor Certification

                                         Sertifikasi Manajemen Risiko Jenjang 4             Risk Management Certification Level 4

 Hendy Prasetya      Profesional Staff   Qualified Internal Auditor (QIA) Level Dasar       Qualified Internal Auditor (QIA) Level Dasar

                                         Sertifikasi IT Security and Compliance – Auditor   IT Security and Compliance Certification –
                                         Ahli Tekhnologi Informasi                          Information Technology Expert Auditor

                                         Sertifikasi Junior Cyber Security                  Junior Cyber Security Certification

                                         Sertifikasi Standarisasi Kompetensi Bidang         Payment Systems Competency Standardization
                                         Sistem Pembayaran (SK-SP) Jenjang 5 Sub            Certification (SK-SP) Level 5, Fund Transfer
                                         Bidang Pengelolaan Transfer Dana                   Management Sub-Field




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       Nama                 Jabatan
                                                          Nama Sertifikasi                                  Certification Name
       Name                 Position

                                           Certified Profesional Information Technology        Certified Profesional Information Technology
                                           Auditor (CPITA)                                     Auditor (CPITA)

                                           Sertifikasi Auditor Level Auditor (Jenjang 4)       Auditor Certification (Level 4)

                                           Sistem Manajemen Risiko Jenjang 4                   Level 4 Risk Management System

                                           Certified Internal Auditor Profesional (CIAP)       Certified Internal Auditor Profesional (CIAP)

 Dahayu Nandira        Profesional Staff   Sertifikasi Auditor Level Auditor (Jenjang 4)       Auditor Certification (Level 4)

                                           Sistem Manajemen Risiko Jenjang 4                   Level 4 Risk Management System

                                           Manajemen Risiko level 1                            Risk Management Level 1

                                           Sertifikasi Sistem Pembayaran dan Pengelolaan       Level 5 Rupiah Payment and Currency
                                           Uang Rupiah Jenjang 5                               Management System Certification

                                           Certified Profesional Information Technology        Certified Profesional Information Technology
                                           Auditor (CPITA)                                     Auditor (CPITA)
 Ernita Rizki
                       Profesional Staff
 Manullang
                                           Sertifikasi Penilaian Kapabilitas SPI Korporasi     IACM-Based Corporate Internal Audit
                                           Berbasis IACM                                       Capability Assessment Certification

                                           Sertifikasi ICoFR (Internal Control Over            ICoFR (Internal Control Over Financial
                                           financial reporting)                                Reporting) Certification

                                           Sertifikasi Auditor Level Auditor (Jenjang 4)       Auditor Level Certification (Level 4)

                                           Sertifikasi Auditor Level Auditor (Jenjang 4)       Auditor Certification (Level 4)

                                           Sistem Manajemen Risiko Jenjang 4                   Risk Management System (Level 4)
 Mahendra Yuda
                       Profesional Staff
 Perwira                                   Sertifikasi Sistem Pembayaran dan Pengelolaan       Payment System and Rupiah Currency
                                           Uang Rupiah Jenjang 5                               Management Certification (Level 5)

                                           Certified Compliance Professional (CCP)             Certified Compliance Professional (CCP)

                                           Sertifikasi Certified Internal Auditor              Certified Internal Auditor Professional (RMI)
                                           Professional (RMI)                                  Certification

                                                                                               Fraud Investigator Professional (RMI)
                                           Sertifikasi Fraud Investigator Professional (RMI)
                                                                                               Certification

                                           Sertifikasi Penilaian Kapabilitas SPI Korporasi     IACM-Based Corporate Internal Audit
                                           Berbasis IACM                                       Capability Assessment Certification

 R. Aria Wibisana      Profesional Staff   Sistem Manajemen Risiko Jenjang 4                   Risk Management System Level 4

                                           Sertifikasi ICoFR (Internal Control Over            ICoFR (Internal Control Over Financial
                                           financial reporting)                                Reporting) Certification

                                           Sertifikasi Auditor Level Auditor (Jenjang 4)       Auditor Level Certification (Level 4)

                                           Sertifikasi Standarisasi Kompetensi Bidang          Payment Systems Competency Standardization
                                           Sistem Pembayaran (SK-SP) Jenjang 5 Sub             Certification (SK-SP) Level 5, Fund Transfer
                                           Bidang Pengelolaan Transfer Dana                    Management Sub-Field




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                                                                                                                PT Bank Mandiri Taspen




       Nama                Jabatan
                                                         Nama Sertifikasi                              Certification Name
       Name                Position

                                          Sistem Manajemen Risiko Jenjang 4               Risk Management System Level 4

                                          Certified Internal Auditor Profesional (CIAP)   Certified Internal Auditor Professional (CIAP)

                                          Sertifikasi Auditor Level Auditor (Jenjang 4)   Auditor Level Auditor Certification (Level 4)
 Alfa Redo
                      Profesional Staff
 Napitupulu
                                          Sertifikasi Standarisasi Kompetensi Bidang      Payment Systems Competency Standardization
                                          Sistem Pembayaran (SK-SP) Jenjang 5 Sub         Certification (SK-SP) Level 5, Fund Transfer
                                          Bidang Pengelolaan Transfer Dana                Management Sub-Field

                                          Sertifikasi Management Data Analyst             Management Data Analyst Certification

                                          Certified Internal Auditor Profesional (CIAP)   Certified Internal Auditor Profesional (CIAP)

                                          Certified Profesional Information Technology    Certified Profesional Information Technology
                                          Auditor (CPITA)                                 Auditor (CPITA)

                                          Digital Forensic                                Digital Forensic

                                          DevNet Associate                                DevNet Associate

                                          Network Security Expert (NSE) 1                 Network Security Expert (NSE) 1

                                          Network Security Expert (NSE) 2                 Network Security Expert (NSE) 2

                                          Cyber Threat Management                         Cyber Threat Management
 I Gede Widira Yasa   Profesional Staff
                                          Ethical Hacker                                  Ethical Hacker

                                          Sertifikasi Auditor Level Auditor (Jenjang 4)   Auditor Certification (Level 4)

                                          Sistem Manajemen Risiko Jenjang 4               Risk Management System Level 4

                                          Sertifikasi ICoFR (Internal Control Over        ICoFR (Internal Control Over Financial
                                          financial Reporting)                            Reporting) Certification

                                          Sertifikasi Standarisasi Kompetensi Bidang      Payment Systems Competency Standardization
                                          Sistem Pembayaran (SK-SP) Jenjang 5 Sub         Certification (SK-SP) Level 5, Fund Transfer
                                          Bidang Pengelolaan Transfer Dana                Management Sub-Field

                                          Sertifikasi General Banking                     General Banking Certification

                                          Sertifikasi Standarisasi Kompetensi Bidang      Payment Systems Competency Standardization
                                          Sistem Pembayaran (SK-SP) Jenjang 5 Sub         Certification (SK-SP) Level 5, Fund Transfer
                                          Bidang Pengelolaan Transfer Dana                Management Sub-Field
 Shinta Widyani       Profesional Staff
                                          Sertifikasi Internal Auditor                    Internal Auditor Certification

                                          Sertifikasi Manajemen Risiko Jenjang 4          Risk Management Certification Level 4

                                          Sertifikasi ICoFR (Internal Control Over        ICoFR (Internal Control Over Financial
                                          Financial Reporting)                            Reporting) Certification
 Fitri Dwiyan         Pelaksana
 Triaspuri            Executor            Sistem Manajemen Risiko Jenjang 4               Level 4 Risk Management System

                                          Sertifikasi Auditor Level Auditor (Jenjang 4)   Auditor Level Certification (Level 4)

                                          Sertifikat Sistem Manajemen Risiko Jenjang 4    Level 4 Risk Management System Certification
 Fikri Audy           Pelaksana
 Rochman              Executor
                                          Sertifikat Auditor Level Auditor (Jenjang 4)    Auditor Level Certification (Level 4)




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Kode Etik Auditor                                               Auditor Code of Conduct

Kode Etik Auditor mencakup kode etik profesi dan kode etik      The Auditor Code of Ethics included a professional code of
Internal Audit yang wajib dimiliki dan diterapkan oleh setiap   ethics and an internal audit code of ethics that had to be owned
insan auditor di Divisi Internal Audit.                         and implemented by every individual auditor in the Internal
                                                                Audit Division.


1. Kode Etik Profesi                                            1. Professional Code of Ethics
   lnternal Audit harus memiliki etika kerja dalam                 Internal Audit had to have a work ethic in carrying out its
   melaksanakan      tugasnya    sehingga   mampu                  duties so that it was able to express its views and thoughts
   mengungkapkan pandangan dan pemikirannya tanpa                  without influence or pressure from other parties with the
   pengaruh ataupun tekanan dari pihak lain dengan                 support of the President Director and supervision from the
   dukungan dari Direktur Utama dan pengawasan dari                Audit Committee.
   Komite Audit.
                                                                2. Internal Audit Code of Ethics
2. Kode Etik Internal Audit                                        Internal Audit had to have integrity, objectivity,
   Internal Audit harus memiliki integritas, objektivitas,         confidentiality and competence in carrying out its duties
   kerahasiaan dan kompetensi dalam melaksanakan tugasnya          according to its profession and applicable standards.
   sesuai dengan profesinya dan standar yang berlaku.              a. Lntegrity
   a. lntegritas                                                       Internal Audit had to have integrity in conducting
       lnternal Audit harus memiliki integritas dalam                  internal audit activities, expressing views and thoughts
       melakukan Aktivitas lnternal Audit, mengemukakan                in accordance with their profession and applicable
       pandangan serta pemikiran sesuai dengan profesinya              standards.
       dan standar yang berlaku.                                       Integrity can be reflected in behavior:
       lntegritas dicerminkan dalam perilaku:
       1) dapat diandalkan, tegas, jujur dan terpecaya                  1) reliable, firm, honest and trustworthy
       2) mematuhi hukum dan mengungkapkan informasi                    2) comply with the law and disclose information in
           sesuai ketentuan yang berlaku                                   accordance with applicable regulations
       3) tidak terlibat dalam kegiatan ilegal atau kegiatan            3) not involved in illegal activities or any activities that
           apapun yang dapat mencemarkan profesi Internal                  can defame the Internal Audit profession or the
           Audit atau Bank                                                 Bank
       4) ikut berperan dalam pencapaian tujuan perusahaan              4) take part in the achievement of ethical and legal
           yang etis dan sesuai dengan hukum (legitimate)                  company goals (legitimate)


   b. Objektivitas                                              b. Objectivity
      Dalam melaksanakan tanggung jawab profesionalnya,            In carrying out their professional responsibilities, the
      Internal Auditor harus mempertahankan objektivitas           Internal Auditor had to maintain objectivity and be free
      dan bebas dari konflik kepentingan. Internal Auditor         from conflicts of interest. The Internal Auditor had to be
      harus independen dalam melihat fakta (in fact) dan           independent in seeing the facts (in fact) and pay attention
      memperhatikan penampilan (in appearance) ketika              to appearance (in appearance) when carrying out the audit.
      melaksanakan audit.
      Objektivitas dan independensi Internal Auditor                The objectivity and independence of the Internal Auditor
      dicerminkan dalam perilaku sebagai berikut:                   can be reflected in the following behavior:
      1) Internal Auditor harus memiliki sikap mental
          independen dalam melaksanakan aktivitas                   1) Internal Auditors must have an independent mental
          Internal Audit. Sikap mental tersebut tercermin              attitude in carrying out Internal Audit activities. This
          dari laporan yang lengkap, objektif serta                    mental attitude is reflected in a complete, objective
          berdasarkan analisis yang cermat dan tidak                   report based on a careful and impartial analysis.
          memihak.
      2) Internal Auditor tidak melakukan perangkapan               2) The Internal Auditor does not carry out concurrent
          tugas dan jabatan pada kegiatan operasional                  duties and positions in the company’s operational
          perusahaan.                                                  activities.
      3) Memiliki kebebasan dalam menetapkan metode,                3) Having the freedom to determine the method, scope,
          scope, Teknik, dan pendekatan audit yang akan                technique and approach of the audit to be carried out.
          dilakukan.




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        4) Menolak pemberian apapun yang dapat                      4) Refusing any gift that could interfere with his/ her
            mengganggu objektivitas dan independensinya.               objectivity and independence.
        5) Internal Auditor harus bebas dari benturan               5) The Internal Auditor must be free from any conflict of
            kepentingan (conflict of interest) atas objek atau         interest on the object or activity being audited. If the
            kegiatan yang diperiksa. Apabila Internal Auditor          Internal Auditor has a conflict of interest, then the
            mempunyai benturan kepentingan, maka yang                  person concerned must state the relationship and is not
            bersangkutan harus menyatakan keterkaitannya               assigned to carry out an audit of the object or activity in
            dan tidak ditugaskan untuk melaksanakan audit              question. In this regard, the Internal Auditor must pay
            terhadap objek atau kegiatan dimaksud. Terkait             attention to the independence aspects as follows:
            dengan hal tersebut, Internal Auditor harus
            memperhatikan aspek independensi sebagai
            berikut:
            a) Terdapat pemisahan antara Internal Auditor                a) There is a separation between the Internal Auditor
                 yang memberikan jasa konsultasi (consulting)               who provides consulting services (consulting) on
                 terhadap kebijakan dan prosedur dengan                     policies and procedures and the Internal Auditor
                 Internal Auditor yang melakukan audit                      who audits the said policies and procedures.
                 terhadap kebijakan dan prosedur dimaksud.
            b) Terdapat pengungkapan (disclosure) bahwa                  b) There is a disclosure that the results of consulting
                 hasil    consulting      tidak    mempengaruhi             do not affect the objectivity of the Internal Audit.
                 objektivitas Internal Audit.
            c) Internal Auditor dapat melakukan audit                    c) The Internal Auditor may audit the same object a
                 terhadap objek yang sama maksimal 2 (dua)                  maximum of 2 (two) times in a row and may re-
                 kali secara berturut-turut dan dapat melakukan             audit the object after passing the cooling-off period
                 audit kembali atas objek tersebut setelah                  for 1 (one) assignment.
                 melewati masa tunggu (cooling-off period)
                 selama 1 (satu) kali penugasan.
            d) Internal Auditor yang baru direkrut dari unit             d) Internal Auditors who have just been recruited from
                 kerja lain dapat melakukan penugasan audit                 other work units can carry out audit assignments
                 terhadap unit kerja asal setelah melewati masa             to the original work unit after passing a cooling-off
                 tunggu (cooling-off period) selama 1 (satu)                period of 1 (one) assignment or 1 (one) year from
                 kali penugasan atau 1 (satu) tahun sejak di                being placed in Internal Audit.
                 tempatkan di Internal Audit.
        6) Dalam hal terdapat kondisi/situasi saat Internal         6. In the event that there are conditions/situations
            Auditor mendapat kendala/hambatan untuk                    where the Internal Auditor encounters obstacles
            menerapkan independensi dan objektivitasnya                in implementing its independence and objectivity
            (termasuk adanya campur tangan dalam penetapan             (including interference in determining the scope), the
            ruang lingkup) maka Kepala Divisi Internal Audit di        Head of the Internal Audit Division is required to:
            wajibkan:
            a) Mengungkapkan kondisi/situasi tersebut dan                a) Disclose the condition/situation and report it to the
                 melaporkannya kepada Direktur Utama dan                    President Director and the Audit Committee.
                 Komite Audit.
            b) Pengungkapan           kondisi/situasi   tersebut         b) Disclosure of the condition/situation is carried
                 dilakukan 1 (satu) kali dalam setahun.                     out once a year. This disclosure is included if
                 Pengungkapan tersebut termasuk dilakukan                   there are no conditions/situations that hinder the
                 jika tidak terdapat kondisi/situasi yang                   independence/objectivity of the Internal Auditor.
                 menghambat             independensi/objektivitas
                 Internal Auditor.
   c.   Kerahasiaan                                                 c.   Confidentiality
        Internal Auditor memiliki kewajiban untuk:                       lnternal Auditor is obliged to:
        1) Menjaga kerahasiaan informasi dan/atau data                   1) Maintain the confidentiality of company information
            perusahaan terkait dengan pelaksanaan tugas dan                  and/or data related to the implementation of duties
            tanggung jawab Internal Auditor kecuali diwajibkan               and responsibilities of the Internal Auditor unless
            berdasarkan peraturan perundang-undangan atau                    required under laws and regulations or court
            penetapan/putusan pengadilan.                                    decisions/decisions.




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      2) Menghindari penyalahgunaan informasi dan/                 2) Avoid misuse of information obtained for personal/
          atau data perusahaan yang diperolehnya untuk                group benefits or use information in ways that are
          kepentingan pribadi atau hal-hal lain yang dapat            unlawful or that harm institutional goals and ethics.
          menimbulkan kerugian bagi Bank.
   d. Kompetensi                                               d. Competency
      Internal Auditor harus berusaha terus menerus untuk         Internal Auditors must strive continuously to improve
      meningkatkan kompetensi dan profesionalismenya              their competence and professionalism in carrying out
      dalam melaksanakan aktivitas Internal Audit. Terkait        Internal Audit activities. In this regard, the Internal
      dengan hal tersebut, Internal Auditor secara individu       Auditors individually or collectively had to pay attention
      atau bersama-sama harus memperhatikan hal-hal               to the following matters:
      sebagai berikut:
      1) Memiliki kompetensi sesuai dengan competency              1) Having competence in accordance with the
          profile yang dibutuhkan.                                    required competency profile.
      2) Bertanggung jawab untuk menilai kompetensi,               2) Responsible for assessing competence, evaluating
          mengevaluasi kecukupan pendidikan, pengalaman,              the adequacy of education, experience, and ability
          dan kemampuan telah memadai untuk tanggung                  to be adequate for the responsibilities he bears.
          jawab yang dipikulnya.
      3) Memiliki kecakapan dalam berinteraksi dan                 3) Having skills in interacting and communicating
          berkomunikasi secara efektif baik lisan maupun              effectively both orally and in writing.
          tertulis.
      4) Memberikan         layanan   sepanjang     memiliki       4) Providing services as long as they have the
          pengetahuan, keterampilan dan pengalaman                    necessary knowledge, skills and experience. If
          yang diperlukan. Apabila Internal Auditor secara            the Internal Auditors individually or collectively do
          individu maupun bersama-sama tidak memiliki                 not have the knowledge, skills and experience in
          pengetahuan, keterampilan dan pengalaman dalam              conducting audits of certain objects, the Internal
          melakukan audit atas objek tertentu, maka Internal          Audit may use the services of an external party by
          Audit dapat menggunakan jasa pihak ekstern                  taking into account the following matters:
          dengan memperhatikan hal-hal sebagai berikut:
          a) Pihak ekstern tidak boleh menjadi ketua tim               a) External parties may not be team leaders in the
              dalam pelaksanaan audit intern.                             implementation of internal audits.
          b) Tidak       memiliki   hubungan     keterkaitan           b) Does not have a related relationship as referred
              sebagaimana dimaksud dalam peraturan                        to in the laws and regulations governing
              perundang-undangan        yang      mengatur                the maximum limit for granting credit or the
              mengenai batas maksimum pemberian kredit                    maximum limit for providing funds.
              atau batas maksimum penyediaan dana.
          c) Tidak terlibat dalam pemberian jasa konsultasi            c) Not involved in providing consulting services
              (consulting) yang mengandung benturan                       that contain a conflict of interest.
              kepentingan.
          d) Pihak ekstern dapat melakukan audit terhadap              d) External parties can audit the same object a
              objek yang sama maksimal 2 (dua) kali secara                maximum of 2 times in a row and can re-audit
              berturut-turut dan dapat melakukan audit                    the object after passing the cooling-off period
              kembali atas objek tersebut setelah melewati                for 1 assignment
              masa tunggu (cooling-off period) selama 1
              (satu) kali penugasan




    636                                                                                               Laporan Tahunan 2025
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                                                                                                         PT Bank Mandiri Taspen




Laporan Singkat Pelaksanaan Kegiatan Internal Audit                Brief Report of Internal Audit Activities in 2025
Tahun 2025

1. Aktivitas Audit (Assurance)                                     1. Audit Activities (Assurance)
   Aktivitas assurance merupakan pengujian yang objektif              Assurance activities were defined as objective examinations
   atas suatu bukti dengan tujuan untuk memberikan penilaian          of evidence, with the purpose of providing an independent
   yang independen atas internal control, risk management             assessment of an organization’s internal control, risk
   dan governance process suatu organisasi. Aktivitas Internal        management, and governance processes. Internal Audit
   Audit telah dilaksanakan sesuai Annual Audit Plan (AAP)            activities were carried out in accordance with the Annual
   sebanyak 17 subyek audit (10 subyek audit internal, 1              Audit Plan (AAP), covering 17 audit subjects (10 internal
   subyek audit yang dilakukan oleh eksternal audit, 4 subyek         audit subjects, 1 audit subject conducted by external
   audit joint dengan Bank Mandiri, 2 subyek audit adhoc) dan         auditors, 4 joint audit subjects with Bank Mandiri, and 2 ad
   2 subyek Audit Non AAP.                                            hoc audit subjects), as well as 2 non-AAP audit subjects..
2. Aktivitas Unit Investigasi sebagai berikut:                     2. Investigation Unit activities are as follows:
   a. Aktivitas Penugasan Investigasi                                 a. Investigation Assignment Activities: In relation to
       Sehubungan        dengan     adanya      laporan     dari          reports received from the Whistleblowing System,
       Whistleblowing System, laporan manajemen, hasil                    management reports, regular audit results, and flash
       audit regular dan flash report dari Divisi Risk Business           reports from the Risk Business Control (RBC) Division,
       Control (RBC), maka unit investigasi melakukan                     the investigation unit conducted investigations on such
       investigasi atas laporan tersebut.                                 reports;
   b. Self Assessment Strategi Anti Fraud                             b. Self-Assessment of Anti-Fraud Strategy: In order
       Dalam rangka penilaian efektivitas dan evaluasi                    to assess the effectiveness and evaluate the
       penerapan Strategi Anti Fraud (SAF Mandiri Taspen                  implementation of the Anti-Fraud Strategy (SAF Mandiri
       Tahun 2025, Divisi Internal Audit telah melakukan                  Taspen 2025), the Internal Audit Division conducted a
       Survey Self Assessment Penerapan SAF dengan                        Self-Assessment Survey on SAF implementation with
       responden Division Head, Distribution Head, Kepala                 respondents consisting of Division Heads, Distribution
       Cabang dan Kepala Cabang Pembantu. Pengisian                       Heads, Branch Managers, and Sub-Branch Managers.
       survey tersebut mencerminkan pemahaman pegawai                     The completion of the survey reflected employees’
       di masing-masing unit kerja terhadap penerapan SAF.                understanding within each work unit regarding the
                                                                          implementation of SAF; and
    c.   Aktivitas Investigasi lainnya                                c. Other Investigation Activities: The Investigation Unit
         Unit Investigasi juga melakukan penyusunan ketentuan/            also developed policies and procedures related to
         kebijakan terkait dengan investigasi, penilaian                  investigations, assessed the implementation of the
         penerapan Strategi Anti Fraud (SAF), rekonsiliasi                Anti-Fraud Strategy (SAF), performed quarterly
         laporan whistleblowing system setiap triwulanan                  reconciliation of Whistleblowing System reports with
         kepada pengelola WBS, dan penyusunan laporan SAF                 the WBS administrator, and prepared semi-annual
         setiap semester kepada Otoritas Jasa Keuangan (OJK).             SAF reports for submission to the Financial Services
                                                                          Authority (OJK).
3. Aktivitas Non Audit (Consulting), beberapa aktivitas selain     3. Non-Audit Activities (Consulting), several activities other
   pelaksanaan audit yang dilaksanakan oleh Divisi Internal           than audits carried out by the Internal Audit Division
   Audit antara lain:                                                 include:
   a. Review er ketentuan internal Bank yaitu memberikan              a. The reviewer of the Bank’s internal regulations provides
       Review dan/atau opini atas draft ketentuan internal                a review and/or opinion on the draft of the Bank’s
       Bank sesuai dengan lingkup tugas dan tanggung                      internal regulations in accordance with the scope of
       jawabnya                                                           their duties and responsibilities
   b. Review er testing yaitu melakukan pengujian untuk               b. Reviewer testing is carrying out tests to ensure the
       meyakini      kesesuaian     pengembangan        dengan            suitability of development with user requests and
       permintaan user dan memastikan fitur aplikasi                      ensure application features function as they should
       berfungsi sebagaimana mestinya
   c. Review er release management yaitu melakukan                     c. Reviewer release management is to verify and assess
       verifikasi dan menilai kelayakan migrasi suatu sistem TI           the feasibility of migrating an IT system to a production
       ke production environment                                          environment
   d. Validasi atas progress implementasi Pelindungan Data             d. Validation on the progress of Personal Data Protection
       Pribadi bagi Perbankan                                             Implementation in Banking




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4. Monitoring Tindak Lanjut rekomendasi hasil audit             4. Monitoring of Audit Recommendations Follow-up
   Tindak lanjut hasil audit merupakan tindakan perbaikan          Audit follow-up referred to corrective or remedial actions
   atau koreksi yang harus dilakukan oleh auditee sesuai           required to be implemented by auditees in accordance with
   rekomendasi yang disampaikan dalam Laporan Hasil Audit          the recommendations stated in the Audit Report (Laporan
   (LHA). Sementara dokumen Daftar Monitoring Tindak               Hasil Audit/LHA). The Follow-up Monitoring List (Daftar
   Lanjut (DMTL) adalah daftar tindak lanjut hasil audit yang      Monitoring Tindak Lanjut/DMTL) was a list of audit follow-
   belum/masih dalam proses perbaikan atau koreksi. Divisi         up actions that had not yet been completed or were still in
   Internal Audit secara berkala telah melakukan pemantauan        the process of improvement or correction. The Internal Audit
   terhadap tindak lanjut hasil audit berdasarkan DMTL. Tidak      Division had periodically monitored audit follow-ups based on
   terdapat DMTL Internal Audit dan Eksternal Audit yang           the DMTL. There were no Internal Audit and External Audit
   melewati jatuh tempo di tahun 2025.                             DMTL items that had exceeded their due dates in 2025.
5. Aktivitas Unit Quality Assurance, Development & Support      5. Quality Assurance, Development & Support Unit Activities
   Quality Assurance (QA) merupakan aktivitas verifikasi dan       Quality Assurance (QA) is a verification and review activity
   Review atas efektivitas pengendalian mutu Internal Audit.       on the effectiveness of Internal Audit quality control.
   Kegiatan QA antara lain audit mutu/Review atas aktivitas        QA activities include quality audits/reviews of Internal
   Internal Audit dan aktivitas pendukung. Permintaan              Audit activities and supporting activities. Feedback was
   feedback untuk pengukuran kepuasan pelanggan dan                requested to measure customer satisfaction and provision
   pemberian saran/masukan dan Review draft ketentuan              of advice/input, as well as to review the effectiveness of
   Internal Audit. Pada unit Quality Assurance Development         the Internal Audit provisions draft. In the Quality Assurance
   & Support pelaporan Internal Audit kepada stakeholder           Development & Support unit, Internal Audit reporting to
   internal dan eksternal dilaksanakan.                            internal and external stakeholders was conducted.
6. Sosialisasi Strategi Anti Fraud (SAF)                        6. Socialization of Anti Fraud Strategy (SAF)
   Dalam rangka meningkatkan pemahaman Strategi Anti               In order to increase understanding of the Bank’s anti-fraud
   Fraud Bank, maka Divisi Internal Audit:                         strategy, the Internal Audit Division:
   a. Melakukan sosialisasi SAF di Kantor Cabang pada saat         a. Conducting SAF outreach at Branch Offices when
       melakukan audit ke Kantor Cabang, dengan peserta                conducting audits at Branch Offices, with participants
       seluruh unit dibawah kantor Cabang tersebut.                    from all units under the Branch Office.
   b. Membuat self assesment penerapan SAF melalui                 b. Conducting a self-assessment of SAF implementation
       soal-soal yang harus dilakukan pengisian oleh seluruh           through questions that must be completed by all
       pegawai yang dikirimkan melalui Divisi Human Capital.           employees, distributed through the Human Capital
                                                                       Division.
   c. Membuat poster anti fraud awareness ke seluruh               c. Creating anti-fraud awareness posters for all work
      unit kerja dengan bekerjasama dengan Divisi Human                units in collaboration with the Human Capital Division,
      Capital.                                                         to be carried out at least every 6 months.
   d. Membuat BOD Message dalam bentuk poster terkait              d. Creating a BOD Message in the form of posters related
      fraud awareness untuk dipasang di seluruh Cabang                 to fraud awareness to be installed in all Branches and
      dan setiap lantai di Kantor Pusat.                               every floor at the Head Office.
   e. Melakukan sosialisasi SAF level pimpinan Kantor              e. Conducting SAF socialization at the Branch Office
      Cabang bersamaan pelaksanaan Review Cabang (area                 leadership level in conjunction with the Branch
      Distribution Head), dengan peserta seluruh Kepala Unit           review implementation (Area Distribution Head), with
      dibawah Kantor Cabang tersebut.                                  participants including all Heads of Units under the
                                                                       Branch Office.”
   f. Penyampaian materi pada kelas ODP Angkatan 10                f. Delivering materials for the ODP Class 10 and SDP
      dan SDP Angkatan 11 dalam rangka meningkatkan                    Class 11 is intended to improve participant competency,
      kompetensi peserta, khususnya terkait pengetahuan                particularly regarding knowledge of Internal Control
      Internal Control dan Fraud Awareness.                            and Fraud Awareness.
   g. Meningkatkan Risk Awareness dan pencegahan                   g. Increasing risk awareness and fraud prevention,
      Fraud, Divisi Internal Audit berkerjasama dengan                 the Internal Audit Division, in collaboration with the
      Divisi Compliance, Divisi Risk Management, Divisi Risk           Compliance Division, Risk Management Division, Risk




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                                                                                                        PT Bank Mandiri Taspen




       Business Control dan Human Capital membangun                       Business Control Division, and Human Capital, builds a
       budaya Risk Awareness dan Anti Fraud secara                        culture of risk awareness and anti-fraud on an ongoing
       berkelanjutan kepada seluruh pegawai melalui                       basis. This is achieved through posters, appeals, video
       poster, himbauan, video fraud series, sosialisasi dan              fraud series, socialization, morning briefing material
       materi morning briefing Distribution dan dilakukan                 distribution, and assessments for all employees on the
       assessment kepada seluruh pegawai atas materi yang                 material delivered
       sudah disampaikan.
7. Pengembangan Kompetensi Pegawai                                7. Employee Competency Development
   Berdasarkan Peraturan Menteri BUMN No.PER-2/                      In accordance with Minister of State-Owned Enterprises
   MBU/03/2023 tentang Pegawai Internal Audit mengikuti              Regulation No. PER-2/MBU/03/2023, Internal Audit
   salah satu pelatihan dengan topik audit, manajemen risiko,        personnel were required to participate in training programs
   fraud, bisnis, kegiatan usaha korporasi, hukum, kepatuhan,        covering topics such as audit, risk management, fraud,
   keuangan atau akuntansi (min 40 jam bagi kepala SKAI              business, corporate business activities, law, compliance,
   dan 20 jam pelatihan bagi anggota SKAI) dan Pegawai               finance, or accounting, with a minimum of 40 training hours
   Internal Audit wajib mengikuti minimal 1 sertifikasi yang         for the Head of Internal Audit Unit (SKAI) and 20 training
   dipenuhi paling lambat dalam 1 tahun sejak menjabat dan           hours for Internal Audit members. In addition, Internal Audit
   apabila masa jabatan lebih dari 1 tahun minimal memiliki          personnel were required to obtain at least one certification
   3 sertifikasi antara lain bidang audit, manajemen risiko,         within one year of appointment, and if the tenure exceeded
   Fraud, bisnis, kegiatan usaha korporasi, hukum, kepatuhan,        one year, they were required to hold a minimum of three
   keuangan atau akuntansi.                                          certifications in areas including audit, risk management,
                                                                     fraud, business, corporate business activities, law,
                                                                     compliance, finance, or accounting.


    Pada Tahun 2025, pegawai Divisi Internal Audit telah              In 2025, employees of the Internal Audit Division had
    mengikuti sertifikasi, training serta webinar/seminar/            participated in certification programs, training sessions,
    workshop terkait dengan auditing, manajemen risiko, teknik        as well as webinars, seminars, and workshops related to
    investigasi dan operasional perbankan sebagai bentuk              auditing, risk management, investigative techniques, and
    pengembangan kompetensi pegawai sesuai permen                     banking operations, as part of competency development
    BUMN tersebut.                                                    in accordance with the aforementioned Minister of State-
                                                                      Owned Enterprises Regulation.


QUALITY ASSURANCE REVIEW (QAR) OLEH PIHAK                         QUALITY ASSURANCE REVIEW (QAR) BY AN
EKSTERNAL INDEPENDEN                                              INDEPENDENT EXTERNAL PARTY


Sesuai peraturan OJK No.1/POJK.03/2019 tanggal 28 Januari         In accordance with OJK regulation No.1/POJK.03/2019 dated
2019 tentang Penerapan Fungsi Audit Intern pada Bank Umum,        January 28, 2019 concerning the Implementation of the Internal
Bank wajib menyampaikan kepada OJK laporan hasil kaji ulang       Audit Function in Commercial Banks, Banks are required to
pihak ekstern yang independen. Untuk itu, Divisi Internal Audit   submit to the OJK a report on the results of an independent
telah melaksanakan kaji ulang terhadap pelaksanaan fungsi         external party’s review. For this reason, the Internal Audit
audit intern yang dilakukan oleh pihak eksternal independen       Division has carried out a review of the implementation of the
yaitu Deloitte Konsultan Indonesia.                               internal audit function carried out by an independent external
                                                                  party, namely Deloitte Consultant Indonesia.


Berdasarkan hasil kaji ulang oleh Deloitte Konsultan Indonesia    Based on the results of a review by Deloitte Consultant
periode Juli 2020 s.d Juni 2023, disimpulkan bahwa keseluruhan    Indonesia for the period July 2020 to June 2023, it was
aktivitas Internal Audit Secara Umum Sesuai dengan standar        concluded that all Internal Audit activities in general are in
yang berlaku (Standar IIA , POJK dan SEOJK MRTI).                 accordance with applicable standards (IIA Standards, POJK
                                                                  and SEOJK MRTI).




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   1         IPPF-IIA
                                                                                                                               Secara umum
             Berdasarkan asesmen, Divisi Internal Audit (DIA) Bank Mandiri Taspen Secara Umum Sesuai                              sesuai
             dengan standar IIA.                                                                                                 Generally
             Based on the assessment, the Internal Audit Division (DIA) of Bank Mandiri Taspen is Generally in                  Compliant
             Compliance with IIA standards.


   2         POJK No. 1/POJK.03/2019
                                                                                                                               Secara umum
             Berdasarkan asesmen, DIA Bank Mandiri Taspen Secara Umum Sesuai dengan standar POJK.                                 sesuai
             Based on the assessment, the Internal Audit Division (DIA) of Bank Mandiri Taspen is Generally in                   Generally
             Compliance with POJK standards.                                                                                    Compliant



   3         SE OJK No. 21/SEOJK.03/2017
                                                                                                                               Secara umum
             Berdasarkan assesmen, DIA Bank Mandiri taspen Secara Umum Sesuai dengan standar SEOJK.                               sesuai
             Based on the assessment, the Internal Audit Division (DIA) of Bank Mandiri Taspen is Generally in                   Generally
             Compliance with SEOJK standards.                                                                                   Compliant




Skala penilaian kaji ulang:                                            Review rating scale:


         Skala Nilaian Kaji Ulang / Review Rating Scale

                                               Aktivitas internal audit yang dilaksanakan olen DIA Bank Mandiri Taspen telah secara umum
   1       Secara Umum Sesuai
           Generally in accordance
                                               sesuai dengan ketentuan The International Professional Practices Framework (IPPF), POJK
                                               No.1/POJK.03/2019, dan SEOJK No.21/SEOJK.03/2017. Poin SUS masih memungkinkan adanya
                                               peluang peningkatan untuk praktik yang lebih baik.
                                               Internal audit activities carried out by DIA Bank Mandiri Taspen are generally in accordance
                                               with the provisions of The International Professional Practices Framework (IPPF), POJK No.1/
                                               POJK.03/2019, and SEOJK No.21/SEOJK.03/2017. SUS points still allow for improvement
                                               opportunities for better practices.


                                               Aktivitas internal audit yang dilaksanakan oleh DIA Bank Mandiri Taspen telah sebagian sesuai
   2       Sebagian Sesuai
           Partially in accordance
                                               dengan ketentuan The Internalonal Professional Practices Framework (IPPF), POJK No.1/
                                               POJK.03/2019. dan SEOJK No.21/SEOIK.03/2017. Poin SS membutuhkan adanya peluang
                                               peningkatan untuk mencapai kesesuian dengan standar dan praktik yang lebih baik.
                                               Internal audit activities carried out by DIA Bank Mandiri Taspen are partially in accordance
                                               with the provisions of The Internal Professional Practices Framework (IPPF), OJK Regulation
                                               No.1/POJK.03/2019. and OJK Circular Letter No.21/SEOIK.03/2017. SS points require
                                               opportunities for improvement to achieve compliance with better standards and practices.


                                               Aktivitas internal audit yang dilaksanakan oleh DIA Bank Mandiri Taspen tidak sesuai dengan
   3       Tidak Sesuai
           Not in accordance
                                               ketentuan The International Practices Framework (IPPF), POJK No.1/POJK.03/2019, dan SEOJK
                                               No.21/SEOJK.03/2017. Poin TS membutuhkan adanya peluang penigkatan untuk mencapai
                                               kesesuaian dengan standar dan praktik yang lebih baik.
                                               Internal audit activities carried out by DIA Bank Mandiri Taspen are not in accordance with the
                                               provisions of The International Practices Framework (IPPF), OJK Regulation No.1/POJK.03/2019,
                                               and OJK Circular Letter No.21/ SEOJK.03/2017. TS points require improvement opportunities to
                                               achieve conformance with better standards and practices.


                                               Poin penilaian tidak dapat diaplikasikan karena tidak relevan dengan aktivitas internal audit SKAI
   4       Not Applicable                      yang dilaksanakan pada periode kajian.
                                               The assessment points cannot be applied because not relevant to SKAI's internal audit activities
                                               carried out during the review period.




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                                                                                                        PT Bank Mandiri Taspen




Disamping itu, disampaikan juga praktik baik yang telah            Apart from that, good practices that have been implemented
dilaksanakan saat ini oleh Divisi Internal Audit (DIA) yaitu:      currently by the Internal Audit Division (DIA) are also
                                                                   presented, as follows:



      a.    DIA Bank Mandiri Taspen mendapatkan kepercayaan untuk melaksanakan berbagai penugasan di luar Annual
            Audit Plan diantaranya review terhadap Standard dan Petunjuk Teknis.
      b.    DIA Bank Mandiri Taspen telah memiliki rencana jangka panjang untuk aktivitas dan keorganisasian audit internal
            seperti yang tertuang didalam Rencana Jangka Panjang 2025-2028.
      c.    DIA Bank Mandiri Taspen telah mengakomodasi masukan dari stakeholders melalui management concern dalam
            pembentukan AAP sebagai key concern.
      d.    DIA Bank Mandiri Taspen menunjukan komunikasi dan koordinasi yang baik dengan Dewan Komisaris dan
            Komite Audit, melalui pelaksanaan pertemuan dan pelaporan rutin yang dilakukan secara bulanan.

      a.    DIA Bank Mandiri Taspen has been trusted to carry out various assignments outside the Annual Audit Plan,
            including reviewing Standards and Technical Instructions.
      b.    DIA Bank Mandiri Taspen has a long-term plan for internal audit activities and organization as stated in the
            2025-2028 Long Term Plan.
      c.    DIA Bank Mandiri Taspen has accommodated input from stakeholders through management concerns in
            establishing AAP as a key concern.
      d.    DIA Bank Mandiri Taspen shows good communication and coordination with the Board of Commissioners and
            Audit Committee, through holding regular monthly meetings and reporting.




RAPAT INTERNAL AUDIT                                               INTERNAL AUDIT MEETING


Dalam menjaga independensi dan objektivitas agar mampu             In maintaining independence and objectivity in order to be able
mengungkapkan pandangan dan pemikirannya tanpa pengaruh            to express views and thoughts without influence or pressure
ataupun tekanan dari manajemen atau pihak lain, maka Internal      from management or other parties, Internal Audit is directly
Audit bertanggung jawab langsung kepada Direktur Utama             responsible to the President Director and can communicate
dan dapat melakukan komunikasi secara langsung dengan              directly with the Board of Directors, Board of Commissioners
Direksi, Dewan Komisaris dan Komite Audit.                         and the Audit Committee.


Dalam menjalankan fungsinya, Internal Audit dapat melakukan        In carrying out its functions, Internal Audit can communicate
komunikasi dengan Direksi, Dewan Komisaris dan Komite Audit        with the Board of Directors, Board of Commissioners and the
sebagai berikut:                                                   Audit Committee as follows:
1. Sesuai Kebijakan Internal Audit disebutkan dalam                1. In accordance with the Internal Audit Policy stated in the
    pelaksanaan fungsi, Divisi Internal Audit melakukan rapat          implementation of functions, the Internal Audit Division
    secara berkala dan insidentil dengan Direksi, Dewan                conducts periodic and incidental meetings with the Board
    Komisaris dan rapat Komite Audit serta mengikuti rapat             of Directors, Board of Commissioners and Audit Committee
    yang bersifat strategis lainnya.                                   Meetings as well as attends other strategic meetings.
2. Dalam Charter Komite Audit disebutkan bahwa Rapat               2. The Audit Committee Charter states that the Audit
    Komite Audit diselenggarakan sekurang-kurangnya 1                  Committee Meeting should be held at least 1 (one) time in 3
    (satu) kali dalam 3 (tiga) bulan.                                  (three) months.
3. Dalam Pedoman Tata Tertib Kerja Direksi Bank Mandiri            3. In the Code of Conduct for the Board of Directors of Bank
    Taspen disebutkan bahwa Rapat Bidang adalah rapat yang             Mandiri Taspen it is stated that the Field Meeting is a
    dipimpin oleh Direktur Bidang dengan Kepala Divisi, Kepala         meeting chaired by the Division Director with the Division
    Departemen, Kepala Cabang dan/atau Pejabat lainnya,                Head, Department Head, Branch Head and/or other
    yang pelaksanaannya ditentukan oleh Direktur Bidang.               Officials, the implementation of which is determined by the
                                                                       Division Director.


Agenda Rapat/Updating dengan Direksi (khususnya Direktur           Meeting/Updating Agenda with the Board of Directors
Utama)                                                             (especially the President Director)




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         Tanggal Rapat /
            Updating           Agenda Rapat /            Meeting / Updating
 No                                                                                      Peserta Rapat             Meeting Participants
            Meeting /            Updating                     Agenda
          Updating Date

  1.     7 Januari 2025      Rapat Komite Kebijakan     Credit Policy Committee    1. Jajaran Direksi            1. Board of Directors
         January 7, 2025     Perkreditan (KKP) –        (KKP) Meeting –            2. Division Head Consumer     2. Division Head Consumer
                             Usulan Penyesuaian         Proposed Adjustment to        Business & Recovery           Business & Recovery
                             Manual Produk Kredit       the Micro Credit Product   3. Division Head Compliance   3. Division Head Compliance
                             Mikro Usaha Rakyat         Manual for People’s        4. Division Head Corporate    4. Division Head Corporate
                             (KUR).                     Enterprises (KUR).            Secretary & Legal             Secretary & Legal
                                                                                   5. Division Head Risk         5. Division Head Risk
                                                                                      Business Control              Business Control
                                                                                   6. Division Head Internal     6. Division Head Internal
                                                                                      Audit                         Audit
                                                                                   7. Division Head Risk         7. Division Head Risk
                                                                                      Management                    Management

  2.     20 – 21 Januari     WGD Komite                 Working Group              1. Jajaran Direksi            1. Board of Directors
         2025                Manajemen Risiko           Discussion (WGD) of        2. Division Head SPM &        2. Division Head SPM &
         January 20 – 21,    & Rapat Komite             the Risk Management           Accounting                    Accounting
         2025                Manajemen Risiko – Self    Committee and              3. Division Head Compliance   3. Division Head Compliance
                             Assessment Profil Risiko   Risk Management            4. Division Head Corporate    4. Division Head Corporate
                             Bank Mantap Tw IV dan      Committee Meeting             Secretary & Legal             Secretary & Legal
                             Tingkat Kesehatan Bank     – Self-Assessment of       5. Division Head Risk         5. Division Head Risk
                             Semester II 2024.          Mandiri Taspen Bank’s         Business Control              Business Control
                                                        Risk Profile for Q4 and    6. Division Head Internal     6. Division Head Internal
                                                        Bank Soundness Rating         Audit                         Audit
                                                        for Semester II 2024.      7. Division Head Risk         7. Division Head Risk
                                                                                      Management                    Management

  3.     20 Januari 2025     Materi Rapat Komite        Audit Committee            1. Direktur Utama             1. President Director
         January 20, 2025    Audit bulan Januari        Meeting Agenda for         2. Division Head Internal     2. Division Head Internal
                             2025                       January 2025.                 Audit                         Audit

  4.     17 Februari 2025    Performance Review         Performance Review for     1. Jajaran Direksi            1. Board of Directors
         February 17, 2025   Kinerja Januari 2025       January 2025.              2. Division Head              2. Division Head
                                                                                   3. Head of Digital            3. Head of Digital
                                                                                      Transformation                Transformation
                                                                                   4. Distribution Head          4. Distribution Head
                                                                                   5. Kepala Cabang              5. 5. Branch Manager
                                                                                   6. Business Institusional     6. Business Institusional
                                                                                      Manager                       Manager

  5.     17 Februari 2025    Forum Kepala Divisi #2     Head of Division Forum     1. Direktur Utama             1. President Director
         February 17, 2025                              #2.                        2. Seluruh Division Head      2. All Division Head

  6.     28 Februari 2025    Materi Rapat Komite        Audit Committee            1. Direktur Utama             1. President Director
         February 28, 2025   Audit bulan Februari       Meeting Agenda for         2. Division Head Internal     2. Division Head Internal
                             2025                       February 2025.                Audit                         Audit

  7.     17 Maret 2025       Pembahasan One on          One-on-One Discussion      1. Direktur Finance, Risk &   1. Director of Finance, Risk &
         March 17, 2025      One KPI Divisi Tahun       on Division KPI for           Operations                    Operations
                             2025                       2025.                      2. Divisi SPM & Accounting    2. SPM & Accounting
                                                                                   3. Division Head Internal        Division
                                                                                      Audit                      3. Division Head of Internal
                                                                                   3. All Dept Head Internal        Audit
                                                                                      Audit                      3. All Dept Heads of Internal
                                                                                                                    Audit

  8.     19 Maret 2025       Performance Review         Performance Review for     1. Jajaran Direksi            Board of Directors
         March 19, 2025      Kinerja Februari 2025      February 2025.             2. Division Head              2. Division Head
                                                                                   3. Head of Digital            3. Head of Digital
                                                                                      Transformation                Transformation
                                                                                   4. Distribution Head          4. Distribution Head
                                                                                   5. Kepala Cabang              5. Branch Manager
                                                                                   6. Business Institusional     6. Business Institusional
                                                                                      Manager                       Manager

  9.     20 Maret 2025       Materi Rapat Komite        Audit Committee            1. Direktur Utama             1. President Director
         March 20, 2025      Audit bulan Maret 2025     Meeting Agenda for         2. Division Head Internal     2. Division Head Internal
                                                        March 2025.                   Audit                         Audit




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        Tanggal Rapat /
           Updating             Agenda Rapat /         Meeting / Updating
 No                                                                                   Peserta Rapat             Meeting Participants
           Meeting /              Updating                  Agenda
         Updating Date

  10.   15 April 2025        Rapat Komite             Risk Management           1. Division Head Compliance   1. Division Head Compliance
        April 15, 2025       Manajemen Risiko Maret   Committee Meeting,        2. Division Head Corporate    2. Division Head Corporate
                             2025 – Penetapan Hasil   March 2025 –                 Secretary & Legal             Secretary & Legal
                             Self Assessment Profil   Determination of the      3. Division Head Risk         3. Division Head Risk
                             Risiko Bank Mantap Tw    Results of the Self-         Business Control              Business Control
                             I 2025                   Assessment of Mandiri     4. Division Head Internal     4. Division Head Internal
                                                      Taspen Bank’s Risk           Audit                         Audit
                                                      Profile for Q1 2025.      5. Division Head Digital      5. Division Head Digital
                                                                                   Transformation                Transformation
                                                                                6. Division Head IT           6. Division Head IT
                                                                                   Operations                    Operations
                                                                                7. Division Head Central      7. Division Head Central
                                                                                   Operation                     Operation
                                                                                8. Division Head Risk         8. Division Head Risk
                                                                                   Management                    Management

  11.   21 April 2025        Performance Review       Performance Review for    1. Jajaran Direksi            1. President Director
        April 21, 2025       Kinerja Maret 2025       March 2025.               2. Division Head              2. Division Head
                                                                                3. Head of Digital            3. Head of Digital
                                                                                   Transformation                Transformation
                                                                                4. Distribution Head          4. Distribution Head
                                                                                5. Kepala Cabang              5. Branch Manager
                                                                                6. Business Institusional     6. Business Institusional
                                                                                   Manager                       Manager

  12.   29 April 2025        Materi Rapat Komite      Audit Committee           1. Direktur Utama             1. President Director
        April 29, 2025       Audit bulan April 2025   Meeting Agenda for        2. Division Head Internal     2. Division Head of Internal
                                                      April 2025.                  Audit                         Audit

  13.   26 Mei 2025          Materi Rapat Komite      Audit Committee           1. Direktur Utama             1. President Director
        May 26, 2025         Audit bulan Mei 2025     Meeting Agenda for        2. Division Head Internal     2. Division Head of Internal
                                                      May 2025.                    Audit                         Audit

  14.   16 Juni 2025         Materi Rapat Komite      Audit Committee           1. Direktur Utama             1. President Director
        16 Juni 2025         Audit bulan Juni 2025    Meeting Agenda for        2. Division Head Internal     2. Division Head of Internal
                                                      June 2025.                   Audit                         Audit

  15.   25 Juni 2025         Performance Review       Performance Review for    1. Jajaran Direksi            1. Board of Directors
        June 25, 2025        Kinerja Mei 2025         May 2025.                 2. Division Head              2. Division Head
                                                                                3. Head of Digital            3. Head of Digital
                                                                                   Transformation                Transformation
                                                                                4. Distribution Head          4. Distribution Head
                                                                                5. Kepala Cabang              5. Branch Manager
                                                                                6. Business Institusional     6. Business Institusional
                                                                                   Manager                       Manager

  16.   22 Juli 2025         Materi Rapat Komite      Audit Committee           1. Direktur Utama             1. President Director
        July 22, 2025        Audit bulan Juli 2025    Meeting Agenda for July   2. Division Head Internal     2. Division Head Internal
                                                      2025.                        Audit                         Audit

  17.   19 Agustus 2025      Materi Rapat Komite      Audit Committee           1. Direktur Utama             1. President Director
        August 19, 2025      Audit bulan Agustus      Meeting Agenda for        2. Division Head Internal     2. Division Head Internal
                             2025                     August 2025.                 Audit                         Audit

  18.   18 September 2025    Performance Review       Performance Review for    1. Jajaran Direksi            1. Board of Directors
        September 18, 2025   Kinerja Agustus 2025     August 2025               2. Division Head              2. Division Head
                                                                                3. Head of Digital            3. Head of Digital
                                                                                   Transformation                Transformation
                                                                                4. Distribution Head          4. Distribution Head
                                                                                5. Kepala Cabang              5. Branch Manager
                                                                                6. Business Institusional     6. Business Institusional
                                                                                   Manager                       Manager

  19.   22 September 2025    Materi Rapat Komite      Audit Committee           1. Direktur Utama             1. President Director
        September 22, 2025   Audit bulan September    Meeting Agenda for        2. Division Head Internal     2. Division Head Internal
                             2025                     September 2025.              Audit                         Audit




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                Tanggal Rapat /
                   Updating          Agenda Rapat /          Meeting / Updating
     No                                                                                      Peserta Rapat             Meeting Participants
                   Meeting /           Updating                   Agenda
                 Updating Date

     20.       20 Oktober 2025     Kick Off Meeting Audit   Kick-off Meeting for the   1. Board of Directors (BoD)   1. Board of Directors (BoD)
               October 20, 2025    Laporan Keuangan         Audit of the December      2. Board of Commissioners     2. Board of Commissioners
                                   Periode Desember 2025    2025 Financial                (BoC)                         (BoC)
                                   oleh KAP EY              Statements by Public       3. Komite Audit               3. Komite Audit
                                                            Accounting Firm EY.        4. Seluruh Division Head      4. Seluruh Division Head

     21.       21 Oktober 2025     Materi Rapat Komite      Audit Committee            1. Direktur Utama             1. President Director
               October 21, 2025    Audit bulan Oktober      Meeting Agenda for         2. Division Head Internal     2. Division Head Internal
                                   2025                     October 2025.                 Audit                         Audit

     22.       24 November 2025    Materi Rapat Komite      Audit Committee            1. Direktur Utama             1. President Director
               November 24, 2025   Audit bulan November     Meeting Agenda for         2. Division Head Internal     2. Division Head Internal
                                   2025                     November 2025.                Audit                         Audit

     23.       12 Desember 2025    Rapat Kerja (Raker)      Work Meeting (Raker)       1. Jajaran Direksi            1. Board of Directors
               December 12, 2025   RKAP Bank Mandiri        on the 2026 Work Plan      2. Seluruh Division Head      2. All Division Head
                                   Taspen Tahun 2026        and Budget (RKAP) of       3. Head Of Digital            3. Head Of Digital
                                                            Bank Mandiri Taspen.          Transformation                Transformation
                                                                                       4. Distibution Head 1 s.d 9   4. Distibution Head 1 s.d 9
                                                                                       5. Departemen Head            5. Departemen Head
                                                                                       6. Funding & Transaction      6. Funding & Transaction
                                                                                          Head                          Head
                                                                                       7. Business Institutional     7. Business Institutional
                                                                                          Manager                       Manager
                                                                                       8. Kepala Cabang              8. Kepala Cabang
                                                                                       9. Kepala Cabang Pembantu     9. Branch Manager

     24.       22 Desember 2025    Materi Rapat Komite      Audit Committee            1. Direktur Utama             President Director
               December 22, 2025   Audit bulan Desember     Meeting Agenda for         2. Division Head Internal     2. Division Head Internal
                                   2025                     December 2025.                Audit                         Audit



Temuan dan Tindak Lanjut Hasil Audit                                          Temuan dan Tindak Lanjut Hasil Audit

Temuan dan tindak lanjut hasil pemeriksaan OJK, Join Audit                    Findings and follow-up actions from examinations conducted
bersama Bank Mandiri dan Audit Internal yang due date Tahun                   by the Financial Services Authority (OJK), Joint Audit with Bank
2025 telah ditindaklanjuti seluruhnya sesuai dengan timeline,                 Mandiri, and Internal Audit, with due dates in 2025, had been
berikut rincian Tindak Lanjut Hasil Audit sebagai berikut:                    fully addressed in accordance with the established timelines.
                                                                              The details of the audit follow-up actions were as follows:

a.     Hasil Audit OJK                                                        a.   OJK Audit Results
       Terdapat 184 DMTL Eksternal OJK di Tahun 2025, temuan                       There were 184 external DMTL items from OJK in 2025. As
       yang telah ditindaklanjuti sampai dengan Januari 2026                       of January 2026, 169 findings had been followed up, while
       sebanayak 169 temuan dan terdapat 15 temuan masih                           15 findings were still in progress, with the following details
       dalam progress, dengan rincian sebagai berikut (posisi 31                   (position as of 31 December 2025):
       Desember 2025):



                           Target Date
                                                                   Done                       On Progress                   Grand Total
                           Target Date

           Tahun 2025/ Year 2025

           April / April                                            28                               -                            28

           Mei / May                                                 8                               -                             8

           Juni / June                                               1                               -                             1

           Juli / July                                              47                               -                            47

           Agustus / August                                         14                               -                            14

           September / September                                     2                               -                             2




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                                                                                                  PT Bank Mandiri Taspen




                     Target Date
                                                      Done                 On Progress                 Grand Total
                     Target Date

     Oktober / October                                 35                        -                          35

     November / November                               10                        -                          10

     Desember / Desember                               12                        -                          12

     Tahun 2026 / Year 2026

     Januari / January                                 12                       11                          23

     Februari / February                                -                        4                           4

     Grand Total                                       169                      15                          184




b. Hasil Join Audit Bank Mandiri                             b. Joint Audit Results with Bank Mandiri
   Berdasarkan hasil Join Audit dengan Bank Mandiri Tahun       Based on the results of the Joint Audit with Bank Mandiri in
   2025, dari 153 temuan telah ditindaklanjuti sebanyak 43      2025, out of 153 findings, 43 findings had been followed
   temuan dan terdapat 110 temuan dengan due date Januari       up, while 110 findings with due dates from January to
   s.d Desember 2026 masih dalam progress, dengan rincian       December 2026 were still in progress, with the following
   sebagai berikut (posisi 31 Desember 2025):                   details (position as of 31 December 2025):



                     Target Date
                                                      Done                 On Progress                 Grand Total
                     Target Date

     Tahun 2025 / Year 2025

     April / April                                      2                        -                           2

     Mei / May                                          6                        -                           6

     Juni /June                                        16                        -                          16

     Juli /July                                         2                        -                           2

     Agustus / August                                   2                        -                           2

     September / September                              2                        -                           2

     Oktober / October                                  3                        -                           3

     November / November                               10                        -                          10

     Desember / Desember                               12                        -                          12

     Tahun 2026 / Year 2026

     Januari / January                                  -                       25                          25

     Februari / February                                -                        9                           9

     Maret / March                                      -                       33                          33

     April / April                                      -                       11                          11

     Mei / May                                          -                        2                           2

     Juni /June                                         -                       26                          26

     Agustus / August                                   -                        1                           1

     September / September                              -                        2                           2

     Desember / Desember                                -                        1                           1

     Grand Total                                       43                       110                         153




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c.   Hasil Audit Internal                                       c.   Internal Audit Results
     Berdasarkan hasil audit oleh Divisi Internal Audit Tahun        Based on the audits conducted by the Internal Audit
     2025, dari 162 temuan telah ditindaklanjuti sebanyak 123        Division in 2025, out of 162 findings, 123 findings had
     temuan dan terdapat 39 temuan dengan due date Februari          been followed up, while 39 findings with due dates from
     s.d November 2026 masih dalam progress, dengan rincian          February to November 2026 were still in progress, with the
     sebagai berikut (posisi 31 Desember 2025):                      following details (position as of 31 December 2025):



                      Target Date
                                                         Done                  On Progress                 Grand Total
                      Target Date

      Tahun 2025 / Year 2025

      Februari / February                                  1                         -                          1

      Maret / March                                       14                         -                          14

      April / April                                        1                         -                          1

      Mei / May                                            1                         -                          1

      Juni /June                                          18                         -                          18

      Juli /July                                          29                         -                          2

      Agustus / August                                    25                         -                          25

      September / September                               11                         -                          11

      Oktober / October                                   12                         -                          12

      November / November                                  6                         -                          6

      Desember / Desember                                  5                         -                          5

      Tahun 2026 / Year 2026

      Januari / January                                    -                         4                          4

      Februari / February                                  -                         9                          9

      Maret / March                                        -                         9                          33

      Juni / June                                          -                         9                          9

      September / September                                -                         7                          7

      November / November                                  -                         1                          1

      Grand Total                                         123                       39                         162




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                                                                                                    PT Bank Mandiri Taspen




Satuan Kerja Manajemen Risiko                                  Risk Management Work Unit

Divisi Risk Management merupakan Satuan Kerja Manajemen        The Risk Management Division is a Risk Management Work
Risiko yang berperan sebagai Lini Pertahanan Kedua (Second     Unit that acts as the Second Line of Defense. The Risk
Line of Defense). Divisi Risk Management memiliki tanggung     Management Division has the responsibility to assist and/or
jawab untuk membantu dan/atau memantau pengendalian            monitor risk control.
Risiko.


Tugas dan Tanggung Jawab Satuan Kerja Manajemen                Duty and Responsibility of Risk Monitoring
Risiko                                                         Committee Work Unit

Adapun tugas dan tanggung jawab Satuan Kerja Manajemen         The duties and responsibilities of the Risk Management
Risiko berdasarkan Kebijakan Manajemen Risiko meliputi:        Working Unit, based on the Risk Management Policy, included
                                                               the following:
1. Pemantauan terhadap implementasi kebijakan, strategi        1. Monitoring the implementation of Risk Management
   dan kerangka Manajemen Risiko yang telah disetujui oleh         policies, strategies, and frameworks approved by the Board
   Direksi.                                                        of Directors.
2. Pemantauan posisi/eksposur risiko secara keseluruhan, per   2. Monitoring the overall risk position/exposure, both by type
   jenis risiko maupun per aktivitas fungsional.                   of risk and functional activity.
3. Penerapan stress testing guna mengetahui dampak dari        3. Conducting stress testing to assess the impact of Risk
   implementasi kebijakan manajemen risiko terhadap hasil          Management policy implementation on performance.
   kerja (performance).
4. Pengkajian terhadap usulan aktivitas dan/atau produk baru   4. Reviewing proposals for new business activities and/
   yang diajukan oleh unit pengembangan bisnis termasuk            or products submitted by business development units,
   sistem dan prosedur yang digunakan serta dampaknya              including the systems and procedures used and their
   terhadap eksposur risiko.                                       impact on risk exposure.
5. Memberikan rekomendasi terkait penerapan Manajemen          5. Providing recommendations related to Risk Management
   Risiko antara lain mengenai besaran atau maksimum               implementation, including the level or maximum risk
   eksposur risiko yang wajib dipelihara Bank.                     exposure to be maintained by the Bank.
6. Melaksanakan kaji ulang secara berkala untuk memastikan     6. Conducting periodic reviews to ensure the adequacy of the
   kecukupan kerangka Manajemen Risiko, keakuratan                 Risk Management framework, accuracy of risk assessment
   metodologi penilaian Risiko, dan kecukupan Sistem               methodologies, and adequacy of the Risk Management
   Informasi Manajemen Risiko.                                     Information System.
7. Melakukan evaluasi terhadap akurasi dan validitas data      7. Evaluating the accuracy and validity of data used for risk
   yang digunakan untuk mengukur risiko                            measurement.
8. Menyusun dan menyampaikan laporan penerapan                 8. Preparing and submitting Risk Management implementation
   manajemen risiko kepada Direksi, Dewan Komisaris dan/           reports to the Board of Directors, Board of Commissioners,
   atau Regulator secara berkala sesuai dengan ketentuannya.       and/or regulators on a regular basis in accordance with
                                                                   applicable regulations.
9. Mengembangkan prosedur dan alat untuk identifikasi,         9. Developing procedures and tools for risk identification,
    pengukuran, pemantauan, dan pengendalian Risiko;               measurement, monitoring, and control.
10. Mendesain dan menerapkan perangkat yang dibutuhkan         10. Designing and implementing necessary tools and
    dalam penerapan Manajemen Risiko.                              instruments to support Risk Management implementation.




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Profil Kepala Satuan Kerja Manajemen Risiko                             Head of the Risk Management Work Unit Profile




                                   Roni Girsang
                                   Kepala Divisi Manajemen Risiko
                                   Head of Risk Management Division

                                   Lahir di Pematang Siantar pada tahun 1986.     Domisili / Domicile:        Warga negara Indonesia
                                   Usia 39 tahun Per Desember 2005.               Jakarta, Indonesia          Indonesian citizens
                                   Born in Pematang Siantar in 1986.
                                   Age 39 years as of December 2025.


Riwayat Pendidikan                                                     Educational Background
• Sarjana Akuntansi dari President University (2008)                   • Bachelor of Accounting from President University (2008)
• Magister Management Engineering Politecnico di Milano (2017)         • Master of Management Engineering Politecnico di Milano (2017)

Sertifikasi                                                            Certification
• Certified Internal Audit Preparation – Tahun 2015                    • Certified Internal Audit Preparation – 2015
• Internal Capital Adequacy Assessment Process (ICAAP) & Risk          • Internal Capital Adequacy Assessment Process (ICAAP) & Risk-
  Based Bank Rating (RBBR) – Tahun 2013                                  Based Bank Rating (RBBR) – 2013
• Sertifikasi Manajemen Risiko Level 4 - tahun 2021                    • Risk Management Certification Level 4 – 2021
• Sertifikasi Governance Risk & Compliance Professional (GRCP) -       • Governance, Risk & Compliance Professional (GRCP) Certification –
  tahun 2021                                                             2021
• Training Cyber Security - tahun 2021                                 • Cyber Security Training – 2021
• Sertifikasi Governance, Risk Management and Compliance               • Governance, Risk Management and Compliance Professional
  Professional (GRCP) - Tahun 2022                                       (GRCP) Certification – 2022
• Enterprise Risk Management Certified Professional (ERMCP) - tahun    • Enterprise Risk Management Certified Professional (ERMCP) – 2022
  2022                                                                 • Qualified Chief Risk Officer (QCRO) Certification – 2023
• Sertifikasi Qualified Chief Risk Officer (QCRO) – tahun 2023         • Risk Management Certification Level 6 – 2024
• Sertifikasi Manajemen Risiko Jenjang 6 – 2024                        • Compliance Certification Level 6 – 2025
• Sertifikasi Kepatuhan Jenjang 6 – 2025

  Pengalaman Kerja                                                        Work Experience
  • Auditor Cabang Konvensional, PT Bank Danamon Indonesia, Tbk.          • Branch Conventional Auditor, PT Bank Danamon Indonesia Tbk
    (2008).                                                                 (2008)
  • Team Leader Microfinance Audit, PT Bank Danamon Indonesia,            • Team Leader Microfinance Audit, PT Bank Danamon Indonesia Tbk
    Tbk (2010).                                                             (2010)
  • Team Leader Treasury, Financial Institution & Risk Management,        • Team Leader Treasury, Financial Institution & Risk Management, PT
    PT Bank Mandiri (Persero) Tbk. (2012).                                  Bank Mandiri (Persero) Tbk (2012)
  • Team Leader Group Audit & Risk Advisory (PT Astra International,      • Team Leader Group Audit & Risk Advisory, PT Astra International
    Tbk. (2018).                                                            Tbk (2018)
  • Wholesale, Treasury & Centralized Operation Audit Head –              • Wholesale, Treasury & Centralized Operations Audit Head, PT
    PT Maybank Indonesia, Tbk (2019).                                       Maybank Indonesia Tbk (2019)
  • Division Head Risk Management di Bank Mandiri Taspen                  • Division Head of Risk Management at Bank Mandiri Taspen (2020–
    (2020-Sekarang).                                                        present)

  Dasar Hukum Pengangkatan                                                Legal Basis of Appointment
  Menjabat sebagai Division Head Risk Management berdasarkan              Served as Division Head Risk Management based on the Board of
  Surat Keputusan Direksi No. KEP.DIR/036/III/2026 tanggal 9 Maret        Directors’ Decree No. KEP.DIR/036/III/2026 dated March 9, 2026.
  2026.




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                                                                                                                      PT Bank Mandiri Taspen




Pengembangan Kompetensi Bidang Manajemen                                       Competence Development in the Field of Risk
Risiko                                                                         Management


                                        Jenis Pelatihan          Types of Training
                                          dan Materi             and Materials for
     Nama              Jabatan                                                               Waktu           Execution        Penyelenggara
                                        Pengembangan             the Development
     Name              Position                                                           pelaksanaan          time             Organizer
                                         Kompetensi /             of Competence/
                                           Pelatihan                  Training

 Roni Girsang        Division         1. Sertifikasi            1. Level 6 Compliance    1. 20 Oktober     1. October 20,    1. PT Bank Mandiri
                     Head Risk           Kepatuhan Jenjang         Certification            2025              2025              Taspen
                     Management          6                      2. Level 6 Risk
                                      2. Refreshment               Management            2. 23             2. September      2. PT Bank Mandiri
                                         Sertifikasi               Certification            September         23, 2025          Taspen
                                         Manajemen Risiko          Refreshment              2025
                                         Jenjang 6              3. PDP 2025              3. 27 Maret       3. March 27,      3. PT Bank Mandiri
                                      3. Refreshment               Awareness                2025              2025              Taspen
                                         Awareness PDP             Refreshment
                                         2025
                                      4. Know Your              4. Know Your             4. 22 Oktober     4. October 22,    4. PT Bank Mandiri
                                         Customer                  Customer                 2025              2025              Taspen

 I Putu Mandala      Dept Head        1. Refreshment            1. Refreshment on        1. 1 November     1. November 1,    1. PT Bank Mandiri
 Ardha Kusuma        Credit &            Pengelolaan               Fund Transfer            2025              2025              Taspen
                     Portfolio Risk      Transfer Dana             Management Level
                                         Jenjang 5                 5
                                      2. Refreshment            2. Refreshment of        2. 13             2. September      2. PT Bank Mandiri
                                         Sertifikasi               Risk Management          September         13, 2025          Taspen
                                         Manajemen Risiko          Certification Level      2025
                                         Jenjang 5                 5
                                      3. Refreshment            3. PDP 2025              3. 27 Maret       3. March 27,      3. PT Bank Mandiri
                                         Awareness PDP             Awareness                2025              2025              Taspen
                                         2025                      Refreshment
                                      4. Teknik Analisa         4. Risk-Based            4. 20 Februari    4. February 20,   4. Infobank Institute
                                         Kredit KPR                Mortgage (KPR)           2025              2025
                                         Berbasis Risiko           Credit Analysis
                                                                   Techniques

 Oktris Novali       Dept Head        1. Refreshment            1. Refreshment           1. 26 Agustus     1. August 26,     1. PT Bank Mandiri
 Gusti               Market,             Sertifikasi               of Level 5 Risk          2025              2025              Taspen
                     Liquidity           Manajemen Risiko          Management
                     Risk & Data         Jenjang 5                 Certification
                     Analytics        2. Refreshment            2. Refreshment           2. 27 Maret       2. March 27,      2. PT Bank Mandiri
                                         Awareness PDP             of PDP 2025              2025              2025              Taspen
                                         2025                      Awareness
                                      3. Strategi Anti Fraud    3. Anti-Fraud            3. 05 Juni 2025   3. June 5, 2025   3. PT Bank Mandiri
                                                                   Strategy                                                     Taspen
                                      4. Maintain Liquidity     4. Maintain Liquidity    4. 05 Mei 2025    4. May 5, 2025    4. Infobank Institute
                                         and Manage Market         and Manage
                                         Risk to Increase Net      Market Risk to
                                         Interest Income           Increase Net
                                                                   Interest Income

 Rosanna             Dept Head        1. Refreshment            1. Level 5 Risk          1. 26 Agustus     1. August 26,     1. PT Bank Mandiri
 Saragih             Operational         Sertifikasi               Management               2025              2025              Taspen
                     Risk                Manajemen Risiko          Certification
                                         Jenjang 5                 Refreshment
                                      2. Refreshment            2. PDP 2025              2. 27 Maret       2. March 27,      2. PT Bank Mandiri
                                         Awareness PDP             Awareness                2025              2025              Taspen
                                         2025                      Refreshment
                                      3. Strategi Anti Fraud    3. Anti-Fraud            3. 05 Juni 2025   3. June 5, 2025   3. PT Bank Mandiri
                                                                   Strategy                                                     Taspen
                                      4. Know Your              4. Know Your             4. 22 Oktober     4. October 22,    4. PT Bank Mandiri
                                         Customer                  Customer                 2025              2025              Taspen




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                                      Jenis Pelatihan         Types of Training
                                        dan Materi            and Materials for
     Nama              Jabatan                                                           Waktu           Execution         Penyelenggara
                                      Pengembangan            the Development
     Name              Position                                                       pelaksanaan          time              Organizer
                                       Kompetensi /            of Competence/
                                         Pelatihan                 Training

 Cinde Trimas      Dept Head        1. Know Your             1. Know Your            1. 22 Oktober     1. October 22,     1. PT Bank Mandiri
 Kahyun            IT, Product         Customer                 Customer                2025              2025               Taspen
                   Delivery &       2. BoD Talks Vol. 3 -    2. BoD Talks Vol. 3 -   2. 12 November    2. November        2. PT Bank Mandiri
                   Fraud Risk          Driving Business         Driving Business        2025              12, 2025           Taspen
                                       Through Roles and        Through Roles
                                       Strategic Execution      and Strategic
                                                                Execution
                                    3. Leadership            3. Leadership           3. 06 November    3. 06              3. PT Bank Mandiri
                                       Excellence               Excellence              2025              November           Taspen
                                       Advancement              Advancement                               2025
                                       Development              Development
                                       (LEAD) Beyond -          (LEAD) Beyond -
                                       Batch 3                  Batch 3

 I Dewa Gede       TL Credit Risk   1. Refreshment           1. Level 5 Risk         1. 26 Agustus     1. August 26,      1. PT Bank Mandiri
 Putra Wirawan                         Sertifikasi              Management              2025              2025               Taspen
                                       Manajemen Risiko         Certification
                                       Jenjang 5                Refreshment
                                    2. Refreshment           2. PDP 2025             2. 27 Maret       2. March 27,       2. PT Bank Mandiri
                                       Awareness PDP            Awareness               2025              2025               Taspen
                                       2025                     Refreshment
                                    3. Teknik Analisa        3. Risk-Based           3. 20 Februari    3. February 20,    3. Infobank Institute
                                       Kredit KPR               Mortgage                2025              2025
                                       Berbasis Risiko          Credit Analysis
                                                                Techniques

 B. Vito Bayu      PS Enterprise    1. Refreshment           1. Level 4 Risk         1. 28 Mei 2025    1. May 28,         1. PT Bank Mandiri
 Aji Indi          Risk                Sertifikasi              Management                                2025               Taspen
                   Management          Manajemen Risiko         Certification
                                       Jenjang 4                Refreshment
                                    2. Refreshment           2. PDP 2025             2. 27 Maret       2. March 27,       2. PT Bank Mandiri
                                       Awareness PDP            Awareness               2025              2025               Taspen
                                       2025                     Refreshment
                                    3. Risk Management       3. Risk Management      3. 17 Februari    3. February 17,    3. Center for Risk
                                       Maturity                 Maturity                2025              2025               Management &
                                       Assessment               Assessment                                                   Sustainability
                                                                                                                             (CRMS)

 Dzillan Hidayat   PS Enterprise    1. Refreshment           1. Level 4 Risk         1. 28 Mei 2025    1. May 28,         1. PT Bank Mandiri
 Ramadhan          Risk                Sertifikasi              Management                                2025               Taspen
                   Management          Manajemen Risiko         Certification
                                       Jenjang 4                Refreshment
                                    2. Refreshment           2. PDP 2025             2. 27 Maret       2. March 27,       2. PT Bank Mandiri
                                       Awareness PDP            Awareness               2025              2025               Taspen
                                       2025                     Refreshment
                                    3. Strategi Anti Fraud   3. Anti-Fraud           3. 05 Juni 2025   3. June 5, 2025    3. PT Bank Mandiri
                                                                Strategy                                                     Taspen

 Winda Lestari     PS Credit Risk   1. Refreshment           1. Level 4 Risk         1. 28 Mei 2025    1. May 28,         1. PT Bank Mandiri
                                       Sertifikasi              Management                                2025               Taspen
                                       Manajemen Risiko         Certification
                                       Jenjang 4                Refreshment
                                    2. Refreshment           2. PDP 2025             2. 27 Maret       2. March 27,       2. PT Bank Mandiri
                                       Awareness PDP            Awareness               2025              2025               Taspen
                                       2025                     Refreshment
                                    3. Strategi Anti Fraud   3. Anti-Fraud           3. 05 Juni 2025   3. June 5, 2025    3. PT Bank Mandiri
                                                                Strategy                                                     Taspen

 Yogi Nugraha      PS Credit Risk   1. Refreshment           1. Level 4 Risk         1. 28 Mei 2025    1. May 28,         1. PT Bank Mandiri
                                       Sertifikasi              Management                                2025               Taspen
                                       Manajemen Risiko         Certification
                                       Jenjang 4                Refreshment
                                    2. Refreshment           2. PDP 2025             2. 27 Maret       2. March 27,       2. PT Bank Mandiri
                                       Awareness PDP            Awareness               2025              2025               Taspen
                                       2025                     Refreshment
                                    3. Mandiri               3. Mandiri              3. 24             3. September       3. PT. Bank Mandiri
                                       Subsidiaries             Subsidiaries            September         24, 2025           (Persero) Tbk
                                       Development              Development             2025
                                       Program ‘’Training       Program "Training
                                       Loan Monitoring’’        Loan Monitoring"




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                                                                                                                       PT Bank Mandiri Taspen




                                        Jenis Pelatihan          Types of Training
                                          dan Materi             and Materials for
     Nama              Jabatan                                                              Waktu           Execution        Penyelenggara
                                        Pengembangan             the Development
     Name              Position                                                          pelaksanaan          time             Organizer
                                         Kompetensi /             of Competence/
                                           Pelatihan                  Training

 Anasthasia          Pelaksana        1. Training               1. Refreshment          1. 15             1. September      1. PT Bank Mandiri
 Ester Patricia      Credit &            Refreshment –             Training –              September         15, 2025          Taspen
                     Portfolio Risk      Gratifikasi               Gratuities              2025
                                      2. Strategi Anti Fraud    2. Anti-Fraud           2. 12 November    2. November       2. PT Bank Mandiri
                                         Semester II 2025          Strategy for            2025              12, 2025          Taspen
                                      3. Know Your                 Semester II 2025     3. 22 Oktober     3. October 22,    3. PT Bank Mandiri
                                         Customer               3. Know Your               2025              2025              Taspen
                                                                   Customer

 Lusia Devi          TL Asset &       1. Refreshment            1. Risk Management      1. 28 Mei 2025    1. May 28,        1. PT Bank Mandiri
 Astuti              Liabilities         Sertifikasi               Certification                             2025              Taspen
                     Management          Manajemen Risiko          Refreshment Level
                                         Jenjang 4                 4
                                      2. Know Your              2. Know Your            2. 22 Oktober     2. October 22,    2. PT Bank Mandiri
                                         Customer                  Customer                2025              2025              Taspen
                                      3. Strategi Anti Fraud    3. Anti-Fraud           3. 05 Juni 2025   3. June 5, 2025   3. PT Bank Mandiri
                                                                   Strategy                                                    Taspen

 Afdhini Safira      PS Middle        1. Sertifikasi            1. Level 4 Risk         1. 27 Mei 2025    1. May 27,        1. PT Bank Mandiri
 Juwita              Office              Manajemen Risiko          Management                                2025              Taspen
                                         Jenjang 4                 Certification
                                      2. Refreshment            2. PDP 2025             2. 27 Maret       2. March 27,      2. PT Bank Mandiri
                                         Awareness PDP             Awareness               2025              2025              Taspen
                                         2025                      Refreshment
                                      3. Strategi Anti Fraud    3. Anti-Fraud           3. 05 Juni 2025   3. June 5, 2025   3. PT Bank Mandiri
                                                                   Strategy                                                    Taspen

 Alfiyah Trisyani    PS Asset &       1. Refreshment            1. Level 4 Risk         1. 28 Mei 2025    1. May 28,        1. PT Bank Mandiri
                     Liabilities         Sertifikasi               Management                                2025              Taspen
                     Management          Manajemen Risiko          Certification
                                         Jenjang 4                 Refreshment
                                      2. Refreshment            2. Refreshment          2. 27 Maret       2. March 27,      2. PT Bank Mandiri
                                         Awareness PDP             Awareness PDP           2025              2025              Taspen
                                         2025                      2025
                                      3. Maintain Liquidity     3. Maintain Liquidity   3. 05 Mei 2025    3. May 5, 2025    3. Infobank Institute
                                         and Manage Market         and Manage
                                         Risk to Increase Net      Market Risk to
                                         Interest Income           Increase Net
                                                                   Interest Income

 Karin Deviera       PS Data          1. Refreshment            1. Refreshment          1. 27 Maret       1. March 27,      1. PT Bank Mandiri
                     Analyst             Awareness PDP             Awareness PDP           2025              2025              Taspen
                                         2025                      2025
                                      2. Strategi Anti Fraud    2. Anti Fraud           2. 05 Juni 2025   2. June 5, 2025   2. PT Bank Mandiri
                                                                   Strategy                                                    Taspen
                                      3. Know Your              3. Know Your            3. 22 Oktober     3. October 22,    3. PT Bank Mandiri
                                         Customer                  Customer                2025              2025              Taspen

 Rachel Chieko       PS Data          1. Refreshment            1. Level 4 Risk         1. 28 Mei 2025    1. May 28,        1. PT Bank Mandiri
 Siswanta            Analyst             Sertifikasi               Management                                2025              Taspen
                                         Manajemen Risiko          Certification
                                         Jenjang 4                 Refreshment
                                      2. Refreshment            2. PDP 2025             2. 27 Maret       2. March 27,      2. PT Bank Mandiri
                                         Awareness PDP             Awareness               2025              2025              Taspen
                                         2025                      Refreshment
                                      3. Strategi Anti Fraud    3. Anti-Fraud           3. 05 Juni 2025   3. June 5, 2025   3. PT Bank Mandiri
                                                                   Strategy                                                    Taspen

 Rantika Tresna      PS Data          1. Sertifikasi            1. Level 5 Fund         1. 20             1. September      1. PT Bank Mandiri
 Lukitasari          Analyst             Pengelolaan               Transfer                September         20, 2025          Taspen
                                         Transfer Dana             Management              2025
                                         Jenjang 5                 Certification
                                      2. Strategi Anti Fraud    2. Anti-Fraud           2. 12 November    2. November       2. PT Bank Mandiri
                                                                   Strategy                2025              12, 2025          Taspen
                                      3. Know Your              3. Know Your            3. 22 Oktober     3. October 22,    3. PT Bank Mandiri
                                         Customer                  Customer                2025              2025              Taspen




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                                     Jenis Pelatihan          Types of Training
                                       dan Materi             and Materials for
     Nama              Jabatan                                                           Waktu           Execution         Penyelenggara
                                     Pengembangan             the Development
     Name              Position                                                       pelaksanaan          time              Organizer
                                      Kompetensi /             of Competence/
                                        Pelatihan                  Training

 T. Rafi Nugroho   PS Asset &      1. Refreshment            1. Level 4 Risk         1. 28 Mei 2025    1. May 28,         1. PT Bank Mandiri
 Maghribi          Liabilities        Sertifikasi               Management                                2025               Taspen
                   Management         Manajemen Risiko          Certification
                                      Jenjang 4                 Refreshment
                                   2. Refreshment            2. Refreshment          2. 27 Maret       2. March 27,       2. PT Bank Mandiri
                                      Awareness PDP             Awareness PDP           2025              2025               Taspen
                                      2025                      2025
                                   3. Maintain Liquidity     3. Maintain Liquidity   3. 05 Mei 2025    3. May 5, 2025     3. Infobank Institute
                                      and Manage Market         and Manage
                                      Risk to Increase Net      Market Risk to
                                      Interest Income           Increase Net
                                                                Interest Income

 Andry Dwi         Pelaksana       1. Refreshment            1. Level 4 Risk         1. 28 Mei 2025    1. May 28,         1. PT Bank Mandiri
 Ramdhani          Market,            Sertifikasi               Management                                2025               Taspen
                   Liquidity          Manajemen Risiko          Certification
                   Risk & Data        Jenjang 4                 Refreshment
                   Anakytics       2. Refreshment            2. PDP 2025             2. 27 Maret       2. March 27,       2. PT Bank Mandiri
                                      Awareness PDP             Awareness               2025              2025               Taspen
                                      2025                      Refreshment
                                   3. Strategi Anti Fraud    3. Anti-Fraud           3. 05 Juni 2025   3. June 5, 2025    3. PT Bank Mandiri
                                                                Strategy                                                     Taspen

 Oktovany          TL Operations   1. Refreshment            1. Level 4 Risk         1. 28 Mei 2025    1. May 28,         1. PT Bank Mandiri
                   & Support          Sertifikasi               Management                                2025               Taspen
                                      Manajemen Risiko          Certification
                                      Jenjang 4                 Refreshment
                                   2. Refreshment            2. PDP 2025             2. 27 Maret       2. March 27,       2. PT Bank Mandiri
                                      Awareness PDP             Awareness               2025              2025               Taspen
                                      2025                      Refreshment
                                   3. Risk Management        3. Risk Management      3. 17 Februari    3. February 17,    3. Center for Risk
                                      Maturity                  Maturity                2025              2025               Management &
                                      Assessment                Assessment                                                   Sustainability
                                                                                                                             (CRMS)

 Thomi             TL Business &   1. Refreshment            1. Level 4 Risk         1. 28 Mei 2025    1. May 28,         1. PT Bank Mandiri
 Irfansyah         Technology         Sertifikasi               Management                                2025               Taspen
                                      Manajemen Risiko          Certification
                                      Jenjang 4                 Refreshment
                                   2. Refreshment            2. PDP 2025             2. 27 Maret       2. March 27,       2. PT Bank Mandiri
                                      Awareness PDP             Awareness               2025              2025               Taspen
                                      2025                      Refreshment
                                   3. Strategi Anti Fraud    3. Anti-Fraud           3. 05 Juni 2025   3. June 5, 2025    3. PT Bank Mandiri
                                                                Strategy                                                     Taspen

 Adiyat Triputra   PS Business &   1. Refreshment            1. Refreshment          1. 28 Mei 2025    1. May 28,         1. PT Bank Mandiri
 Priyadi           Technology         Sertifikasi               of Level 4 Risk                           2025               Taspen
                                      Manajemen Risiko          Management
                                      Jenjang 4                 Certification
                                   2. Refreshment            2. Refreshment          2. 27 Maret       2. March 27,       2. PT Bank Mandiri
                                      Awareness PDP             of PDP 2025             2025              2025               Taspen
                                      2025                      Awareness
                                   3. Review &               3. Review and           3. 14 Maret       3. March 14,       3. Infobank Institute
                                      Updating Tata             Update of               2025              2025
                                      Cara Penyusuan            Banking Policy
                                      Kebijakan                 and Procedure
                                      dan Prosedur              Preparation
                                      Perbankan                 Procedures

 Fakhriyatul       PS Operations   1. Refreshment            1. Level 5 Risk         1. 03 November    1. 03              1. LPPI
 Ailaty            & Support          Sertifikasi               Management              2025              November
                                      Manajemen Risiko          Certification                             2025
                                      Jenjang 5                 Refreshment
                                   2. Sertifikasi            2. Level 5 Fund         2. 20             2. September       2. PT Bank Mandiri
                                      Pengelolaan               Transfer                September         20, 2025           Taspen
                                      Transfer Dana             Management              2025
                                      Jenjang 5                 Certification
                                   3. Strategi Anti Fraud    3. Anti-Fraud           3. 12 November    3. November        3. PT Bank Mandiri
                                                                Strategy                2025              12, 2025           Taspen




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                                                                                                                                PT Bank Mandiri Taspen




                                        Jenis Pelatihan              Types of Training
                                          dan Materi                 and Materials for
     Nama                Jabatan                                                                Waktu               Execution              Penyelenggara
                                        Pengembangan                 the Development
     Name                Position                                                            pelaksanaan              time                   Organizer
                                         Kompetensi /                 of Competence/
                                           Pelatihan                      Training

 Faris Alfiansyah     PS Operations   1. Refreshment            1. Refreshment              1. 28 Mei 2025        1. May 28,           1. PT Bank Mandiri
                      & Support          Sertifikasi               of Level 4 Risk                                   2025                 Taspen
                                         Manajemen Risiko          Management
                                         Jenjang 4                 Certification
                                      2. Compliance             2. Compliance               2. 18 Februari        2. February 18,      2. Center for Risk
                                         Management                Management                  2025                  2025                 Management &
                                         Fundamentals              Fundamentals                                                           Sustainability
                                                                3. Review and                                                             (CRMS)
                                      3. Review &                  Update of                3. 14 Maret           3. March 14,         3. Infobank Institute
                                         Updating Tata             Banking Policy              2025                  2025
                                         Cara Penyusuan            and Procedure
                                         Kebijakan                 Preparation
                                         dan Prosedur              Procedures
                                         Perbankan

 Nurtilisna Sari      TL Fraud Risk   1. Refreshment            1. Level 5 Fund             1. 01 November        1. November 1,       1. PT Bank Mandiri
 Lubis                                   Pengelolaan               Transfer                    2025                  2025                 Taspen
                                         Transfer Dana             Management
                                         Jenjang 5                 Refreshment
                                      2. Refreshment            2. PDP 2025                 2. 27 Maret           2. March 27,         2. PT Bank Mandiri
                                         Awareness PDP             Awareness                   2025                  2025                 Taspen
                                         2025                      Refreshment
                                      3. Cyber Risk             3. Cyber ​​Risk             3. 20 Februari        3. February 20,      3. Center for Risk
                                         Management                Management                  2025                  2025                 Management &
                                         Fundamentals              Fundamentals                                                           Sustainability
                                                                                                                                          (CRMS)

 I Dewa Gede          PS IT &         1. Refreshment            1. Level 4 Risk             1. 28 Mei 2025        1. May 28,           1. PT Bank Mandiri
 Ngr Eka              Product            Sertifikasi               Management                                        2025                 Taspen
 Chandra P            Delivery Risk      Manajemen Risiko          Certification
                                         Jenjang 4                 Refreshment
                                      2. Strategi Anti Fraud    2. Anti-Fraud               2. 14 Jan 2025        2. 14 Jan 2025       2. PT Bank Mandiri
                                                                   Strategy                                                               Taspen
                                      3. Agile Software         3. Agile Software           3. 05 Juni 2025       3. 05 June           3. PT Bank Mandiri
                                         Development               Development                                       2025                 Taspen

 Maulana              PS Fraud Risk   1. Refreshment            1. Level 4 Risk             1. 28 Mei 2025        1. May 28,           1. PT Bank Mandiri
 Saputra                                 Sertifikasi               Management                                        2025                 Taspen
                                         Manajemen Risiko          Certification
                                         Jenjang 4                 Refreshment
                                      2. Refreshment            2. PDP 2025                 2. 27 Maret           2. March 27,         2. PT Bank Mandiri
                                         Awareness PDP             Awareness                   2025                  2025                 Taspen
                                         2025                      Refreshment
                                      3. Strategi Anti Fraud    3. Anti-Fraud               3. 05 Juni 2025       3. June 5, 2025      3. PT Bank Mandiri
                                                                   Strategy                                                               Taspen

 Salsabil Farah       PS IT &         1. Refreshment            1. Level 4 Risk             1. 28 Mei 2025        1. May 28,           1. PT Bank Mandiri
 Aqilah Wijaya        Product            Sertifikasi               Management                                        2025                 Taspen
                      Delivery Risk      Manajemen Risiko          Certification
                                         Jenjang 4                 Refreshment
                                      2. Refreshment            2. PDP 2025                 2. 27 Maret           2. March 27,         2. PT Bank Mandiri
                                         Awareness PDP             Awareness                   2025                  2025                 Taspen
                                         2025                      Refreshment
                                      3. Strategi Anti Fraud    3. Anti-Fraud               3. 05 Juni 2025       3. June 5, 2025      3. PT Bank Mandiri
                                                                   Strategy                                                               Taspen



Sertifikasi Manajemen Risiko                                                   Competence Development in the Field of Risk
                                                                               Management


                                                                                         Jenjang 4        Jenjang 5            Jenjang 6        Jenjang 7
                   Jabatan                                Position
                                                                                           Tier 4           Tier 5               Tier 6           Tier 7

 Distribution Head (DH)                  Distribution Head (DH)                              -                8                    -                -

 Operational Head (OH)                   Operational Head (OH)                              1                 5                    -                -

 Kepala Cabang (KC)                      Branch Head (KC)                                    -                34                   -                -

 Funding & Transaction Head              Funding & Transaction Head                         2                 1                    -                -




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                                                                        Jenjang 4      Jenjang 5      Jenjang 6       Jenjang 7
                 Jabatan                             Position
                                                                          Tier 4         Tier 5         Tier 6          Tier 7

 Kepala Cabang Pembantu (KCP)        Sub-Branch Head (KCP)                 207             6              -               -

 Spoke                               Spoke                                  3              -              -               -

 Operational Manager (OM)            Operational Manager (OM)               33             5              -               -

 Kepala Divisi                       Division Head                          1             13              6               1

 Kepala Departemen                   Department Head                        11            53              -               -

 Project Manager                     Project Manager                        -              2              -               -




Pelaksanaan Tugas Divisi Manajemen Risiko Tahun                   Implementation of The Tasks of The Risk
2025                                                              Management Division in 2025

Divisi Risk Management merupakan Satuan Kerja Manajemen           The Risk Management Division is a Risk Management Unit which
Risiko yang berperan sebagai Lini Pertahanan Kedua (Second        acts as the Second Line of Defense. The Risk Management
Line of Defense). Divisi Risk Management memiliki tanggung        Division has the responsibility to assist and/or monitor risk
jawab untuk membantu dan/atau memantau pengendalian               control. The implementation of the duties and responsibilities
Risiko. Adapun pelaksanaan tugas dan tanggung jawab Divisi        of the Risk Management Division includes:
Risk Management antara lain:
1. Pemantauan terhadap implementasi kebijakan, strategi dan       1. Monitoring the implementation of Risk Management
    kerangka Manajemen Risiko yang direkomendasikan oleh             policies, strategies and frameworks recommended by the
    Komite Manajemen Risiko dan yang telah disetujui oleh            Risk Management Committee and approved by the Board
    Direksi.                                                         of Directors.
2. Pemantauan posisi/eksposur risiko secara keseluruhan, per      2. Monitoring overall risk position/exposure, per type of risk
    jenis risiko maupun per jenis aktivitas fungsional termasuk      and per type of functional activity including monitoring
    pemantauan kepatuhan terhadap toleransi Risiko dan limit         compliance with established risk tolerances and limits.
    yang ditetapkan.
3. Penerapan stress testing guna mengetahui dampak dari           3. Implementation of stress testing to determine the impact
    implementasi kebijakan dan strategi Manajemen Risiko             of the implementation of Risk Management policies and
    terhadap portfolio atau hasil kerja (performance) Bank           strategies on the Bank’s overall portfolio or performance.
    secara keseluruhan.
4. Pengkajian terhadap usulan aktivitas dan/atau produk baru      4. Review of proposed new activities and/or products
    yang diajukan dan dikembangkan oleh suatu unit tertentu          proposed and developed by a particular Bank unit which is
    Bank yang difokuskan terutama pada aspek kemampuan               focused primarily on aspects of the Bank’s ability to manage
    Bank untuk mengelola produk dan/atau aktivitas baru              new products and/or activities including the completeness
    termasuk kelengkapan sistem dan prosedur yang                    of the systems and procedures used and their impact on the
    digunakan serta dampaknya terhadap eksposur risiko Bank          Bank’s overall risk exposure.
    secara keseluruhan.
5. Memberikan rekomendasi kepada satuan kerja bisnis dan/         5. Provide recommendations to business units and/or to the
    atau kepada komite Manajemen Risiko terkait penerapan            Risk Management committee regarding the implementation
    Manajemen Risiko antara lain mengenai besaran atau               of Risk Management, including regarding the amount or
    maksimum eksposur Risiko yang dapat dipelihara Bank.             maximum risk exposure that the Bank can maintain.
6. Melaksanakan kaji ulang secara berkala dengan frekuensi        6. Carry out regular reviews with a frequency adjusted to the
    yang disesuaikan kebutuhan Bank, untuk memastikan:               Bank’s needs, to ensure:
    a. Kecukupan kerangka Manajemen Risiko;                          a. Adequacy of the Risk Management framework;
    b. Keakuratan metodologi penilaian Risiko;                       b. Accuracy of Risk assessment methodology;
   c. Kecukupan sistem informasi Manajemen Risiko                    c. Adequacy of the Risk Management information system
7. Mengevaluasi akurasi dan validitas data yang digunakan         7. Evaluate the accuracy and validity of data used by the Bank
   oleh Bank untuk mengukur Risiko bagi Bank yang                    to measure Risk for Banks that use models for internal
   menggunakan model untuk keperluan intern.                         purposes.
8. Memberikan rekomendasi kepada satuan kerja operasional         8. Provide recommendations to operational units (risk-taking
   (risk-taking unit) dan/atau kepada komite Manajemen               units) and/or to the Risk Management committee, according
   Risiko, sesuai kewenangan yang dimiliki.                          to their authority.




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                                                                                                              PT Bank Mandiri Taspen




9. Menyusun dan menyampaikan laporan profil Risiko kepada              9. Prepare and submit Risk profile reports to the President
    direktur utama, direktur yang membawahkan fungsi                       Director, Director in charge of the Risk Management and
    Manajemen Risiko dan kepatuhan, dan komite Manajemen                   compliance function, and the Risk Management committee
    Risiko secara berkala atau paling sedikit secara triwulanan.           periodically or at least quarterly. The frequency of reports
    Frekuensi laporan harus ditingkatkan dalam hal kondisi                 should be increased in case market conditions change
    pasar berubah dengan cepat.                                            rapidly.
10. Memberikan masukan kepada Direksi dalam penyusunan                 10. Provide input to the Board of Directors in preparing policies,
    kebijakan, strategi, dan kerangka Manajemen Risiko.                    strategies and Risk Management frameworks
11. Mengembangkan prosedur dan alat untuk identifikasi,                11. Develop procedures and tools for risk identification,
    pengukuran, pemantauan, dan pengendalian Risiko.                       measurement, monitoring and control.
12. Mendesain dan menerapkan perangkat yang dibutuhkan                 12. Design and implement the tools needed to implement Risk
    dalam penerapan Manajemen Risiko.                                      Management.


Komite di Bawah Direksi                                                Committees Under the Board of Director

Direksi dibantu oleh 5 (lima) Komite yang semuanya bertugas            The Board of Directors was assisted by 5 (five) Committees all of
memberikan opini obyektif kepada Direksi dan membantu                  whom are tasked with providing objective opinions to the Board
meningkatkan efektivitas pelaksanaan tugas Direksi secara              of Directors and helping to increase the effectiveness of the
sistematis. Anggota Komite ditunjuk oleh Direksi dan dalam             implementation of the Board of Directors tasks systematically.
pelaksanaan rapat memberikan kontribusi sesuai dengan                  The members of the Committee are appointed by the Board of
bidang keahliannya.                                                    Directors and in the implementation of the meetings contribute
                                                                       according to their field of expertise.


Komite Manajemen Risiko                                                Risk Management Committee

Komite Manajemen Risiko (KMR) bertugas memberikan                      Risk Management Committee served to give recommendation
rekomendasi kepada Direktur Utama yang meliputi                        to the President Director, including recommendation for
rekomendasi penyusunan kebijakan manajemen risiko,                     preparation of risk management policy, establishment of
penetapan risk appetite dan risk tolerance, penilaian efektivitas      risk appetite and risk tolerance, assessment of framework
penerapan kerangka manajemen risiko sesuai SK Direksi No.              implementation effectiveness consistent with the Decree of
KEP.DIR/158/V/2022 tanggal 31 Mei 2022 perihal Komite                  the Board of Directors No. KEP.DIR/158/V/2022 dated May, 31
Manajemen Risiko (KMR) PT Bank Mandiri Taspen.                         2022 regarding the Risk Management Committee (KMR) of PT
                                                                       Bank Mandiri Taspen.


STRUKTUR DAN KEANGGOTAAN KOMITE MANAJEMEN                              STRUCTURE AND MEMBERSHIP RISK MANAGEMENT
RISIKO                                                                 COMMITTEE


Struktur dan keanggotaan Komite Manajemen Risiko                       The structure and membership of the Risk Management
berdasarkan SK Direksi No SK KEP.DIR/158/V/2022 tanggal                Committee based on the Decree of the Board of Directors
31 Mei 2022 perihal Komite Manajemen Risiko (KMR) PT Bank              No. SK KEP. DIR/158/V/2022 dated May, 31 2022 egarding
Mandiri Taspen adalah sebagai berikut.                                 the Risk Management Committee (KMR) of PT Bank Mandiri
                                                                       Taspen is as follows.



 Ketua                                       Direktur yang Membawahkan Fungsi Manajemen Risiko
 Chairman                                    Director in Charge of Risk Management Function


 Wakil Ketua                                 Direktur yang membawahkan Fungsi kepatuhan
 Vice Chairman                               Director in Charge of Compliance Function


 Sekretaris                                  Kepala Divisi Risk Management
 Secretary                                   Head of Risk Management Division


 Sekretaris Pengganti (Alternate)            Kepala Divisi Compliance
 Alternate Secretary                         Head of Compliance Division




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 Anggota tetap yang memiliki hak
 suara (Permanent voting members)           Seluruh Direktur kecuali Direktur Utama dan Direktur yang Membawahkan Fungsi Kepatuhan
 Permanent voting members                   All Directors except the President Director and Director in Charge of Compliance Function



                                            1.   Direktur yang membawahkan fungsi kepatuhan / Director in charge of compliance function
 Anggota tetap yang tidak memiliki          2.   Kepala Divisi Internal Audit / Head of Internal Audit Division
 hak suara (Permanent Non-voting            3.   Kepala Divisi Compliance / Head of Compliance Division
 Members)                                   4.   Kepala Divisi RBC / Head of RBC Division
 Permanent Non-voting Members               5.   Kepala Divisi Corporate Secretary & Legal / Head of Corporate Secretary & Legal Division
                                            6.   Kepala Divisi Risk Management / Head of Risk Management Division

 Anggota Tidak Tetap yang tidak
                                            Kepala Divisi lainnya yang diundang sesuai dengan permasalahan yang dibahas dan kebutuhan
 memiliki hak suara (Contributing
                                            Bank
 Non-voting Members)                        Other Division Heads invited according to the issues discussed and the Bank’s needs
 Contributing Non-voting Members



URAIAN TUGAS DAN TANGGUNG JAWAB KOMITE                                   DESCRIPTIONS OF RISK MANAGEMENT COMMITTEE’S
MANAJEMEN RISIKO                                                         DUTIES AND RESPONSIBILITIES


Komite Manajemen Risiko bertugas menentukan strategi,                    Risk Management Committee is in charge of determining Risk
kebijakan dan prosedur Manajemen Risiko, mengawasi                       Management strategy, policy and procedure, supervising the
pelaksanaannya, mengembangkan budaya manajemen risiko                    implementation, developing risk management culture and
serta memastikan adanya sumber daya yang memadai untuk                   ensuring sufficient resources for the implementation of risk
pelaksanaan manajemen risiko di seluruh Bank Mandiri Taspen.             management across Bank Mandiri Taspen.


PROFIL ANGGOTA KOMITE MANAJEMEN RISIKO                                   RISK MANAGEMENT COMMITTEE MEMBER PROFILE


Profil anggota Komite Manajemen Risiko per 31 Desember                   The profile of the Risk Management Committee members as of
2025 adalah sebagai berikut                                              31 December 2025 was as follows.



   Nama                                                      Keterangan
                   Jabatan              Position                                            Profil                       Profile
   Name                                                      Information

 Rima         Ketua / Anggota       Chairman /           Direktur Keuangan       Profil dapat dilihat pada     Profiles can be seen in the
 Cahyani*     tetap yang memiliki   Permanent            & Risk                  bagian Profil Direksi dalam   Board of Directors Profile
              hak suara             Member who has       Director of Finance     Laporan Tahunan ini.          section in this Annual
                                    voting rights        & Risk                                                Report

 Rio          Wakil Ketua/          Vice Chairman/       Direktur Compliance &   Profil dapat dilihat pada     Profiles can be seen in the
 Lanasier*    anggota tetap yang    permanent            Human Resource          bagian Profil Direksi dalam   Board of Directors Profile
              tidak memiliki hak    member who does      Director of             Laporan Tahunan ini.          section in this Annual
              suara                 not have voting      Compliance & Human                                    Report
                                    rights               Resources

 Roni         Sekretaris/anggota    Secretary/           Kepala Divisi Risk      Profil dapat dilihat pada     Profiles can be seen in the
 Girsang      tetap yang tidak      permanent            Management              bagian Profil Pejabat         Executive Officers Profile
              memiliki hak suara    member who does      Head of Risk            Eksekutif dalam Laporan       section in this Annual
                                    not have voting      Management Division     Tahunan ini.                  Report.
                                    rights

 Sisi         Sekretaris            Alternate            Kepala Divisi           Profil dapat dilihat pada     Profiles can be seen in the
 Rahmina      Pengganti             Secretary/           Compliance              bagian Profil Pejabat         Executive Officers Profile
              (Alternate)/anggota   permanent            Head of Compliance      Eksekutif dalam Laporan       section in this Annual
              tetap yang tidak      member who does      Division                Tahunan ini.                  Report.
              memiliki hak suara    not have voting
                                    rights




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    Nama                                                                    Keterangan
                         Jabatan                   Position                                                      Profil                              Profile
    Name                                                                    Information

 Henrisa           Anggota tetap yang        Permanent voting          Direktur IT & Digital        Profil dapat dilihat pada            Profiles can be seen in the
 Yunan             memiliki hak suara        members                   Director of IT & Digital     bagian Profil Direksi dalam          Board of Directors Profile
 Lubis**                                                                                            Laporan Tahunan ini.                 section in this Annual Report.

 Mahrauza          Anggota tetap yang        Permanent voting          Direktur Bisnis              Profil dapat dilihat pada            Profiles can be seen in the
 Purnaditya**      memiliki hak suara        member                    Director of Business         bagian Profil Direksi dalam          Board of Directors Profile
                                                                                                    Laporan Tahunan ini.                 section in this Annual
                                                                                                                                         Report.

 Rudi As           Anggota tetap yang        Permanent voting          Wakil Direktur Utama         Profil dapat dilihat pada            Profiles can be seen in the
 Aturridha**       memiliki hak suara        member                    Vice President               bagian Profil Direksi dalam          Board of Directors Profile
                                                                       Director                     Laporan Tahunan ini.                 section in this Annual
                                                                                                                                         Report.

 Rizky Olyvia      Anggota tetap yang        Permanent voting          Direktur Funding             Profil dapat dilihat pada            Profiles can be seen in the
 Nasution**        memiliki hak suara        member                    (Retail & Network)           bagian Profil Direksi dalam          Board of Directors Profile
                                                                       Director of Funding          Laporan Tahunan ini.                 section in this Annual
                                                                       (Retail & Network)                                                Report.

 Noer           Anggota tetap yang           Permanent voting          Direktur Transformasi        Profil dapat dilihat pada            Profiles can be seen in the
 Fajrieansyah** memiliki hak suara           member                    & Pengembangan               bagian Profil Direksi dalam          Board of Directors Profile
                                                                       Usaha                        Laporan Tahunan ini.                 section in this Annual
                                                                       Director of                                                       Report.
                                                                       Transformation
                                                                       & Business
                                                                       Development

 M. Jacobie        Anggota tetap yang        Permanent non-            Kepala Divisi Internal       Profil dapat dilihat pada            Profiles can be seen in the
 Henry             tidak memiliki hak        voting members            Audit                        bagian Profil Pejabat                Executive Officers Profile
 Widojono          suara                                               Head of Internal Audit       Eksekutif dalam Laporan              section in this Annual
                                                                       Division                     Tahunan ini.                         Report.

 Aditya            Anggota tetap yang        Permanent non-            Kepala Divisi Risk           Profil dapat dilihat pada            Profiles can be seen in the
 Subiyanto         tidak memiliki hak        voting members            Business Control             bagian Profil Pejabat                Executive Officers Profile
                   suara                                               Head of Risk Business        Eksekutif dalam Laporan              section in this Annual
                                                                       Control Division             Tahunan ini.                         Report.

*) Telah diangkat berdasarkan keputusan sirkuler Pemegang Saham tanggal 04 Desember 2025 dan telah lulus Penilaian Kemampuan & Kepatutan oleh Otoritas Jasa Keuangan /
    Appointed based on the Circular Resolution of the Shareholders dated December 4, 2025 and has passed the Fit and Proper Test conducted by Otoritas Jasa Keuangan.
**) Telah diangkat berdasarkan keputusan sirkuler Pemegang Saham tanggal 04 Desember 2025 dan masih dalam proses Penilaian Kemampuan & Kepatutan oleh Otoritas Jasa
    Keuangan / Appointed based on the Circular Resolution of the Shareholders dated December 4, 2025 and is currently in the process of the Fit and Proper Test conducted by
    Otoritas Jasa Keuangan.




INDEPENDENSI KOMITE MANAJEMEN RISIKO                                                     RISK MANAGEMENT COMMITTEE INDEPENDENCE


Seluruh anggota Komite tidak memiliki afiliasi dengan Direktur                           All members of the Committee are not affiliated with other
lainnya, Komisaris maupun Pemegang Saham Pengendali,                                     Directors, Commissioners or Controlling Shareholders, are not
bukan merupakan pemegang saham Perusahaan yang dapat                                     shareholders of the Company which may affect their ability to
mempengaruhi kemampuannya untuk bertindak independent,                                   act independently, Commissioners, Directors or employees of
Komisaris, Direktur maupun karyawan dari perusahaan yang                                 companies that have affiliation or business with the Bank.
memiliki afiliasi maupun bisnis dengan Bank.


RAPAT DAN PELAKSANAAN TUGAS KOMITE MANAJEMEN                                             MEETINGS AND IMPLEMENTATION OF RISK
RISIKO                                                                                   MANAGEMENT COMMITTEE TASKS


Komite Manajemen Risiko mengadakan rapat minimal 4                                       The Risk Management Committee meets at least four times
(empat) kali dalam 1 (satu) tahun atau sewaktu-waktu sesuai                              a year, or as needed. During 2025, several important agenda
dengan kebutuhan. Selama tahun 2025 beberapa agenda                                      items will be addressed through meetings, including:
penting yang dilakukan melalui rapat antara lain:




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        Tanggal Rapat                                        Meeting Agenda
 No                             Agenda Rapat                                                  Peserta                      Participant
        Meeting Date

  1     17 Januari 2025   1.   Penilaian Tingkat         1. Assessment of Bank        1. Dir. Utama                1. President Director
        January 17,            Kesehatan Bank Mandiri       Mandiri Taspen’s          2. Dir. Finance, Risk &      2. Director of Finance, Risk
        2025                   Taspen Semester II –         Soundness Level for           Operation                    & Operations
                               Desember 2024                Semester II – December    3. Dir. Business             3. Director of Business
                          2.   Penilaian Ketahanan          2024                      4. Dir. IT & Digital         4. Director of IT & Digital
                               dan Keamanan Siber                                     5. Divisi Risk
                                                         2. Assessment of Cyber                                    5. Risk Management
                               Bank Mandiri Taspen                                        Management
                                                            Resilience and Security                                    Division
                               periode tahun 2024                                     6. Divisi Corsec & Legal
                                                            of Bank Mandiri Taspen    7. Divisi Risk Business      6. Corporate Secretary &
                                                            for the 2024 period           Control                      Legal Division
                                                                                      8. Divisi Compliance         7. Risk Business Control
                                                                                      9. Divisi IT Operations          Division
                                                                                      10. Divisi SPM &             8. Compliance Division
                                                                                          Accounting               9. IT Operations Division
                                                                                      11. Divisi Digital Banking   10. Accounting & Financial
                                                                                          Product                      Reporting (SPM &
                                                                                      12. Divisi Chief                 Accounting) Division
                                                                                          Information & Security   11. Digital Banking Product
                                                                                          Officer
                                                                                                                       Division
                                                                                                                   12. Chief Information &
                                                                                                                       Security Officer (CISO)
                                                                                                                       Division

  2     18 Februari       Usulan Penetapan Risk          Proposal for the             1. Dir. Finance, Risk &      1. Director of Finance, Risk
        2025              Appetite Statement (RAS)       Determination of Bank           Operations                   & Operations
        February 18,      Bank Mandiri Taspen            Mandiri Taspen’s Risk        2. Dir. Business             2. Director of Business
        2025                                             Appetite Statement (RAS).    3. Dir. IT & Digital         3. Director of IT & Digital
                                                                                      4. Dir. Compliance &         4. Director of Compliance &
                                                                                         Control                      Control

  3     15 April 2025     Penilaian Profil Risiko Bank   Risk Profile Assessment of   1. Dir. Finance, Risk &      1. Director of Finance, Risk
        April 15, 2025    Mandiri Taspen Triwulan I –    Bank Mandiri Taspen for          Operations                   & Operations
                          Maret 2025                     Quarter I – March 2025.      2. Dir. Business             2. Director of Business
                                                                                      3. Dir. IT & Digital         3. Director of IT & Digital
                                                                                      4. Dir. Compliance &         4. Director of Compliance &
                                                                                          Control
                                                                                                                       Control
                                                                                      5. Divisi Risk
                                                                                          Management               5. Risk Management
                                                                                      6. Divisi Corporate              Division
                                                                                          Secretary & Legal        6. Corporate Secretary &
                                                                                      7. Divisi Risk Business          Legal Division
                                                                                          Control                  7. Risk Business Control
                                                                                      8. Divisi Compliance             Division
                                                                                      9. Divisi Internal Audit     8. Compliance Division
                                                                                      10. Divisi IT Operations     9. Internal Audit Division
                                                                                      11. Divisi Central           10. IT Operations Division
                                                                                          Operation                11. Central Operations
                                                                                      12. Divisi Digital
                                                                                                                       Division
                                                                                          Transformation
                                                                                                                   12. Digital Transformation
                                                                                                                       Division

  4     3 Juni 2025       Usulan penyesuaian Risk        Proposed adjustment to the   1. Dir. Finance, Risk &      1. Director of Finance, Risk
        June 3, 2025      Appetite Statement 2025        Risk Appetite Statement         Operations                   & Operations
                                                         (RAS) for 2025.              2. Dir. IT & Digital         2. Director of IT & Digital
                                                                                      3. Dir. Compliance &         3. Director of Compliance &
                                                                                         Control                      Control
                                                                                      4. Divisi Risk               4. Risk Management
                                                                                         Management
                                                                                                                      Division
                                                                                      5. Divisi Corporate
                                                                                         Secretary & Legal         5. Corporate Secretary &
                                                                                      6. Divisi Risk Business         Legal Division
                                                                                         Control                   6. Risk Business Control
                                                                                      7. Divisi Compliance            Division
                                                                                                                   7. Compliance Division

  5     20 Juni 2025      Usulan Penetapan               Proposal for the             1. Dir. Finance, Risk &      1. Director of Finance, Risk
        June 20, 2025     Perubahan Metodologi           Determination of Changes        Operations                   & Operations
                          Penilaian Risk-Based Bank      to the Risk-Based Bank       2. Dir. Business             2. Director of Business
                          Rating (RBBR)                  Rating (RBBR) Assessment     3. Dir. IT & Digital         3. Director of IT & Digital
                                                         Methodology.                 4. Dir. Compliance &         4. Director of Compliance &
                                                                                         Control
                                                                                                                      Control




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        Tanggal Rapat                                                Meeting Agenda
 No                                    Agenda Rapat                                                     Peserta                        Participant
        Meeting Date

  6     17 Juli 2025         1.       Penilaian Profil Risiko    1.          Risk Profile       1. Dir. Finance, Risk &      1.   Director of Finance,
        July 17, 2025                 bank Mandiri Taspen        Assessment of Bank                Operations                     Risk & Operations
                                      Triwulan II – Juni 2025    Mandiri Taspen for Quarter     2. Dir. Business             2.   Director of Business
                             2.       Penilaian Tingkat          II – June 2025                 3. Dir. IT & Digital         3.   Director of IT & Digital
                                      Kesehatan Bank Mandiri     2.          Assessment         4. Dir. Compliance &         4.   Director of Compliance
                                      Taspen Semester I - Juni                                     Control
                                                                 of Bank Mandiri Taspen’s                                         & Control
                                      2025                                                      5. Divisi Risk
                                                                 Soundness Level for                                         5.   Risk Management
                                                                                                   Management
                                                                 Semester I – June 2025         6. Divisi Corporate               Division
                                                                                                   Secretary & Legal         6.   Corporate Secretary &
                                                                                                7. Divisi Compliance              Legal Division
                                                                                                8. Divisi Internal Audit     7.   Compliance Division
                                                                                                                             8.   Internal Audit Division

  7     14 Oktober           Penilaian Profil Risiko Bank        Risk Profile Assessment of     1. Dir. Finance, Risk &      1.  Director of Finance,
        2025                 Mandiri Taspen Triwulan III –       Bank Mandiri Taspen for            Operations                   Risk & Operations
        October 14,          September 2025                      Quarter III – September        2. Dir. Business             2. Director of Business
        2025                                                     2025.                          3. Dir. IT & Digital         3. Director of IT & Digital
                                                                                                4. Dir. Compliance &         4. Director of Compliance
                                                                                                    Control                      & Control
                                                                                                5. Divisi Risk
                                                                                                                             5. Risk Management
                                                                                                    Management
                                                                                                6. Divisi Corporate              Division
                                                                                                    Secretary & Legal        6. Corporate Secretary &
                                                                                                7. Divisi Compliance             Legal Division
                                                                                                8. Divisi Risk Business      7. Compliance Division
                                                                                                    Control                  8. Risk Business Control
                                                                                                9. Divisi Intenal Audit          Division
                                                                                                10. Divisi SPM &             9. Internal Audit Division
                                                                                                    Accounting               10. Accounting & Financial
                                                                                                                                 Reporting (SPM &
                                                                                                                                 Accounting) Division




Komite Kredit                                                                    Credit Committee

Komite Kredit adalah adalah suatu komite yang terdiri dari                       Credit Committee is a committee which consists of at least 2
minimal 2 (dua) orang anggota yang mewakili fungsi Bisnis                        (two) members representing Business and Credit Risk Approval
dan Credit Risk Approval, yang berwenang dan bertanggung                         functions who are in charge and responsible to recommend
jawab untuk merekomendasikan dan/atau memutus kredit                             and/or determine credit according to authority attached to the
sesuai kewenangan yang melekat pada individu, dasar kerja                        individual, The basis of the Credit Committee’s works is stated
Komite Kredit tertuang dalam Standar Prosedur Kredit Retail                      on the Retail Credit Procedure Standard and Micro Credit
dan Standar Prosedur Kredit Mikro.                                               Procedure Standard.


STRUKTUR DAN KEANGGOTAAN KOMITE KREDIT                                           STRUCTURE AND MEMBERSHIP OF CREDIT COMMITTEE


Keanggotaan dalam Komite Kredit dikelompokan dalam                               The membership of the Credit Committee is grouped into
beberapa kategori sesuai dengan limit kewenangan yang                            several categories according to the limit of authority given to
diberikan kepada individu dengan memenuhi syarat tertentu                        the individuals by fulfilling the following requirements:
sebagai berikut:



  No.                      Kategori                                           Limit                                            Limit
                           Category

   1.                     A (Direksi)                                   sampai dengan BMPK                                   up to BMPK
                     A (Board of Directors)

   2.                          B                                       sampai dengan 5 Miliar                               Up to 5 Billion

   3.                          C                                       sampai dengan 2 Miliar                               Up to 2 Billion

   4.                          D                                       sampai dengan 1 Milyar                               Up to 1 Billion

   5.                             E                                    sampai dengan 500 Juta                              Up to 500 Million




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  No.                  Kategori                                 Limit                                        Limit
                       Category

   6.                     F                              sampai dengan 350 Juta                         Up to 350 Million

   7.                     G                              sampai dengan 200 Juta                         Up to 200 Million

   8.                     H                              sampai dengan 100 Juta                         Up to 100 Million



URAIAN TUGAS DAN TANGGUNG JAWAB KOMITE KREDIT                     DESCRIPTION OF LOAN COMMITTEE’S DUTIES AND
                                                                  RESPONSIBILITIES


A. Kewenangan Komite Kredit                                       A. The Authority of Loan Committee
   Komite Kredit berwenang untuk merekomendasikan                    Komite or cut off the credit (new, additional, decrease,
   dan/atau memutus pemberian kredit (baru, tambahan,                extension and/or restructuring) that is managed by the
   penurunan, perpanjangan dan/atau restrukturisasi) yang            business unit according to the authority limit, including
   dikelola bisnis unit sesuai limit kewenangan, termasuk            the stipulation/ change of credit structure. Credit structure
   penetapan/perubahan struktur kredit. Struktur kredit              is included but is not limited to credit limits, destination/
   termasuk namun tidak terbatas pada limit kredit, tujuan/          financing object, type of credit, credit property, credit period,
   obyek pembiayaan, jenis kredit, sifat kredit, jangka waktu        grace period, portion of financing, credit requirements/
   kredit, grace period, porsi pembiayaan, syarat kredit/            covenant, and credit collateral.
   covenant, dan agunan kredit.
B. Penanganan restrukturisasi kredit didasarkan pada              B. The handling of credit restructuring is based on an
   penilaian kelayakan kredit dengan memperhatikan risiko            assessment of credit worthiness by concerning about the
   dan pendapatan kredit yang akan diterima melalui upaya            risks and credit revenues that will be received through
   penyelamatan tersebut. Upaya ini dimaksudkan untuk:               these rescue efforts. This effort is intended to:
   1. Meminimalkan kemungkinan timbulnya kerugian bagi               1. Minimizing the possibility of loss for the Bank.
       Bank.
   2. Menyelamatkan kembali kredit yang ada agar menjadi                2. Saving back the existing credit to be normal, and
       lancar kembali, serta
   3. Memperbaiki kualitas usaha nasabah.                            3. Improving the quality of the customer’s business.
C. Momentum restrukturisasi kredit hendaknya digunakan            C. The momentum of credit restructuring should be used by
   oleh Bank untuk memperkuat posisi tawar (bargaining               the Bank to strengthen the Bank’s bargaining position,
   position) Bank, diantaranya melalui:                              including by:
   1. Meninjau kembali (Review ) ketentuan dan syarat-               1. Reviewing the terms and conditions of credit.
       syarat kredit.
   2. Review kondisi agunan, diantaranya:                               2. Reviewing of collateral conditions, including:
       a. Menyempurnakan pengikatan agunan.                                a. Improving bond collateral.
       b. Meningkatkan nilai pengikatan agunan, atau                       b. Increasing the value of bond collateral or
       c. Menambah agunan kebendaan atau non                               c. Adding material or non-material collateral.
           kebendaan.


PELAKSANAAN TUGAS KOMITE KREDIT                                   IMPLEMENTATION OF LOAN COMMITTEE’S DUTIES

Dalam pelaksanaan tugasnya selama tahun 2025, Komite              In carrying out its duties during 2025, the Credit Committee
Kredit telah mengadakan rapat dan menghasilkan keputusan          had held meetings and issued 48 (forty-eight) credit decisions,
kredit sebanyak 48 (empat puluh delapan) keputusan kredit         which fell under the authority of the Board of Directors.
yang merupakan wewenang Direksi.


Asset and Liability Management Committee (ALCO)                   Asset and Liability Management Committee (ALCO)

Asset and Liability Management Committee (ALCO) bertugas          The Asset and Liability Management Committee (ALCO) was
membantu Direksi menciptakan tingkat profitabilitas yang          tasked with assisting the Board of Directors in creating an
optimal serta risiko likuiditas dan risiko suku bunga yang        optimal level of profitability and controlled liquidity risk and
terkendali, melalui penetapan kebijakan dan strategi aset dan     interest rate risk, through the establishment of policies and




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                                                                                                               PT Bank Mandiri Taspen




liabilitas Bank sesuai SK Direksi No. KEP.DIR/162/VI/2022              strategies for the Bank’s assets and liabilities in accordance
tanggal 30 Juni 2022 perihal Asset Liability Committee (ALCO).         with the Decree of the Board of Directors No. KEP.DIR/162/
                                                                       VI/2022 dated June 30, 2022 regarding the Asset Liability
                                                                       Committee (ALCO).


STRUKTUR DAN KEANGGOTAAN ALCO                                          STRUCTURE AND MEMBERSHIP OF ALCO


Struktur dan keanggotaan ALCO berdasarkan SK Direksi No.               The structure and membership of ALCO is based on the Decree
KEP.DIR/162/VI/2022 tanggal 30 Juni 2022 perihal Asset                 of the Board of Directors No. KEP.DIR/162/VI/2022 dated June
Liability Committee (ALCO) adalah sebagai berikut                      30, 2022 are as follows



 Ketua
                                    Direktur Utama                                     President Director
 Chairman

 Sekretaris
                                    Kepala Divisi Risk Management                      Head of Risk Management Division
 Secretary

 Sekretaris Pengganti
 (Alternate) I                      Kepala Divisi Treasury                             Head of Treasury Division
 Alternate Secretary I

 Sekretaris Pengganti
 (Alternate) II
                                    Kepala Divisi SPM & Accounting                     Head of SPM & Accounting Division
 Alternate Secretary II


 Anggota tetap yang memiliki        1.   Direktur Utama                                1.   President Director
 hak suara (Permanent voting        2.   Direktur IT & Network                         2.   IT & Network Director
 members)                           3.   Direktur Finance, Risk & Operations           3.   Finance, Risk & Operations Director
 Permanent - Voting Members         4.   Direktur Business                             4.   Business Director

                                                                                       1. Director of Compliance & Control
                                    1.   Direktur Compliance & Control
                                                                                       2. Head of Funding & Investment Product
                                    2.   Kepala Divisi Funding & Investment Product
                                                                                          Division
 Anggota tetap yang tidak           3.   Kepala Divisi Treasury
                                                                                       3. Head of Treasury Division
                                    4.   Kepala Divisi SPM & Accounting
 memiliki hak suara (Permanent                                                         4. Head of SPM & Accounting Division
                                    5.   Kepala Divisi Risk Management
 Non-voting Members)                6.   Kepala Divisi Retail & Digital Banking
                                                                                       5. Head of Risk Management Division
 Permanent Non - Voting             7.   Kepala Divisi Pension Business
                                                                                       6. Head of Retail & Digital Banking Division
 Members                                                                               7. Head of Pension Business Division
                                    8.   Kepala Divisi Micro & Retail Business
                                                                                       8. Head of Micro & Retail Business Division
                                    9.   Kepala Divisi Distribution & Portfolio
                                                                                       9. Head of Distribution & Portfolio Management
                                         Management
                                                                                          Division

 Anggota Pemberi Kontribusi
 Tanpa hak Suara (Contributing
                                    Kepala Divisi Lainnya yang diundang sesuai
 Non Permanent Non - Voting                                                            Other Division Heads invited according to the
                                    dengan permasalah yang dibahas dan kebutuhan
 Members)*)                         Bank.
                                                                                       issues discussed and the Bank’s needs.
 Contributing Non Permanent
 Non - Voting Members)*



URAIAN TUGAS DAN TANGGUNG JAWAB ALCO                                   DESCRIPTION OF ALCO’S DUTIES AND RESPONSIBILITY


Adapun tugas dan tanggung jawab Asset and Liability                    The duties and responsibilities of the Asset and Liability
Committee (ALCO) yaitu:                                                Committee (ALCO) are:
1. Menetapkan, mengembangkan dan mengkaji ulang strategi               1. Establishing, developing and reviewing the strategy for
   pengelolaan assets and liabilities.                                    managing assets and liabilities.
2. Mengevaluasi posisi assets and liabilities Bank sesuai              2. Evaluating the position of the assets and liabilities of the
   dengan pengelolaan risiko likuiditas dan suku bunga.                   Bank in accordance with the management of liquidity risk
                                                                          and interest rates.




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3. Mengevaluasi posisi Bank dan strategi Assets And                          3. Evaluating the position of the Bank and the strategy
   Liabilities Management (ALM) guna memastikan hasil                           of Assets and Liabilities Management (ALM) to ensure
   risk taking position Bank telah konsisten dengan tujuan                      that the results of the Bank’s risk taking position were
   pengelolaan risiko suku bunga dan likuiditas.                                consistent with the objectives of managing interest-like risk
                                                                                and liquidity.
4. Melakukan evaluasi/kajian ulang pricing aktiva dan pasiva                 4. Evaluating/ reviewing the pricing of assets and liabilities
   untuk memastikan pricing tersebut dapat mengoptimalkan                       to ensure that pricing could optimize investment returns,
   hasil penanaman dana, meminimalkan biaya dana dan                            minimize cost of funds and maintain the Bank’s balance
   memelihara struktur neraca Bank sesuai dengan strategi                       sheet structure in accordance with the Bank’s ALM strategy.
   ALM Bank.
5. Membahas dan menetapkan batasan liquidity management,                     5. Discussing and determining the limits of liquidity
   gap management dan pricing management.                                       management, gap management and pricing management.
6. Menetapkan metodologi fund transfer pricing.                              6. Establishing a fund transfer pricing methodology.
7. Melakukan evaluasi kondisi pasar dan pengaruhnya                          7. Evaluating market conditions and their effects on the
   terhadap kondisi likuiditas Bank dan permodalan.                             condition of the Bank’s liquidity and capital.
8. Melakukan evaluasi komposisi pendanaan dan menyetujui                     8. Evaluating the composition of funding and approve any
   setiap perubahan dalam strategi dan alternatif pendanaan                     changes in strategy and alternative funding including new
   termasuk institusi/struktur pendanaan baru.                                  funding institutions/structures.
9. Melakukan Review tentang strategis likuiditas, suku bunga                 9. Conducting a review on the strategic liquidity, interest rate
   dan permodalan yang diajukan dalam Komite dan sekaligus                      and capital proposed in the Committee and simultaneously
   monitoring implementasinya.                                                  monitoring its implementation.


PROFIL ANGGOTA ALCO                                                          ALCO MEMBER PROFILE



     Nama                                                                  Keterangan
                           Jabatan                   Position                                          Profil                      Profil
     Name                                                                  Information

 Panji Irawan      Ketua / Anggota tetap      Chairman / Permanent      Direktur Utama        Profil dapat dilihat pada   Profiles can be seen in
                   yang memiliki hak suara    members with voting       President Director    bagian Profil Direksi       the Board of Directors
                                              rights                                          dalam Laporan Tahunan       Profile section in this
                                                                                              ini.                        Annual Report

 Roni Girsang      Sekretaris / Anggota       Secretary / Permanent     Kepala Divisi Risk    Profil dapat dilihat pada   Profiles can be seen in
                   tetap yang tidak           members with voting       Management            bagian Profil Pejabat       the Board of Directors
                   memiliki hak suara         rights                    Head of Risk          Eksekutif dalam Laporan     Profile section in this
                                                                        Management            Tahunan ini.                Annual Report
                                                                        Division

 Lalla Nurlaty     Sekretaris Pengganti       Alternate Secretary I /   Kepala Divisi         Profil dapat dilihat pada   Profiles can be seen in
 Suri              (Alternate) I / Anggota    Permanent members         Treasury              bagian Profil Pejabat       the Board of Directors
                   tetap yang tidak           have no voting rights     Head of Treasury      Eksekutif dalam Laporan     Profile section in this
                   memiliki hak suara                                   Division              Tahunan ini.                Annual Report

 Agus Syaiful      Sekretaris Pengganti       Alternate Secretary II/   Kepala Divisi SPM &   Profil dapat dilihat pada   Profiles can be seen in
 Anwar             (Alternate) II / Anggota   Permanent members         Accounting            bagian Profil Pejabat       the Board of Directors
                   tetap yang tidak           have no voting rights     Head of SPM &         Eksekutif dalam Laporan     Profile section in this
                   memiliki hak suara                                   Accounting Division   Tahunan ini.                Annual Report


 Yuli Christiani   Anggota tetap yang         Permanent members         Kepala Divisi         Profil dapat dilihat pada   Profiles can be seen in
 Clara             tidak memiliki hak suara   have no voting rights     Funding &             bagian Profil Pejabat       the Board of Directors
                                                                        Investment Product    Eksekutif dalam Laporan     Profile section in this
                                                                        Head of Funding &     Tahunan ini.                Annual Report
                                                                        Investment Product
                                                                        Division

 Susi Melinda      Anggota tetap yang         Permanent members         Kepala Divisi         Profil dapat dilihat pada   Profiles can be seen in
 Panggabean        tidak memiliki hak suara   have no voting rights     Funding &             bagian Profil Pejabat       the Board of Directors
                                                                        Investment Product    Eksekutif dalam Laporan     Profile section in this
                                                                        Head of Funding &     Tahunan ini.                Annual Report
                                                                        Investment Product
                                                                        Division




     662                                                                                                                    Laporan Tahunan 2025
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                                                                                                                    PT Bank Mandiri Taspen




    Nama                                                               Keterangan
                        Jabatan                    Position                                          Profil                      Profil
    Name                                                               Information

 Sisi Rahmina    Anggota tetap yang         Permanent members       Kepala Divisi           Profil dapat dilihat pada   Profiles can be seen in
                 tidak memiliki hak suara   have no voting rights   Compliance              bagian Profil Pejabat       the Board of Directors
                                                                    Head of Compliance      Eksekutif dalam Laporan     Profile section in this
                                                                    Division                Tahunan ini.                Annual Report

 Pangrukti       Anggota tetap yang         Permanent members       Kepala Divisi Digital   Profil dapat dilihat pada   Profiles can be seen in
 Kisbandini      tidak memiliki hak suara   have no voting rights   Banking Product         bagian Profil Pejabat       the Board of Directors
                                                                    (dh. Divisi Retail &    Eksekutif dalam Laporan     Profile section in this
                                                                    Digital Banking)        Tahunan ini.                Annual Report
                                                                    Head of Digital
                                                                    Banking Product
                                                                    Division (formerly
                                                                    Retail & Digital
                                                                    Banking Division)

 Mochammad       Anggota tetap yang         Permanent members       Kepala Divisi           Profil dapat dilihat pada   Profiles can be seen in
 Azis Yusup      tidak memiliki hak suara   have no voting rights   Business Pension        bagian Profil Pejabat       the Board of Directors
                                                                    Head of Business        Eksekutif dalam Laporan     Profile section in this
                                                                    Pension Division        Tahunan ini.                Annual Report


 Mohamad         Anggota tetap yang         Permanent members       Kepala Divisi           Profil dapat dilihat pada   Profiles can be seen in
 Razif           tidak memiliki hak suara   have no voting rights   Consumer Business       bagian Profil Pejabat       the Board of Directors
                                                                    & Recovery (dh.         Eksekutif dalam Laporan     Profile section in this
                                                                    Divisi Micro & Retail   Tahunan ini.                Annual Report
                                                                    Business)
                                                                    Head of Consumer
                                                                    Business &
                                                                    Recovery Division
                                                                    (formerly Micro &
                                                                    Retail Business
                                                                    Division)

 Erlinda Rusda   Anggota tetap yang         Permanent members       Kepala Divisi           Profil dapat dilihat pada   Profiles can be seen in
                 tidak memiliki hak suara   have no voting rights   Distribution            bagian Profil Pejabat       the Board of Directors
                                                                    & Portfolio             Eksekutif dalam Laporan     Profile section in this
                                                                    Management              Tahunan ini.                Annual Report
                                                                    Head of Distribution
                                                                    and Portfolio
                                                                    Management
                                                                    Division



INDEPENDENSI ALCO                                                        ALCO INDEPENDENCE


Seluruh anggota Komite tidak memiliki afiliasi dengan Direktur           All members of the Committee are not affiliated with other
lainnya, Komisaris maupun Pemegang Saham Pengendali,                     Directors, Commissioners or Controlling Shareholders, are not
bukan merupakan pemegang saham Perusahaan yang dapat                     shareholders of the Company which can affect their ability to
mempengaruhi kemampuannya untuk bertindak independen,                    act independently, Commissioners, Directors or employees of
Komisaris, Direktur maupun karyawan dari perusahaan yang                 companies that have affiliation or business with the Bank.
memiliki afiliasi maupun bisnis dengan Bank.


RAPAT DAN PELAKSANAAN TUGAS ALCO                                         ALCO MEETINGS AND TASKS IMPLEMENTATION


ALCO mengadakan rapat secara berkala minimal 4 (empat) kali              The ALCO holds regular meetings at least 4 (four) times in 1
dalam 1 (satu) tahun, atau setiap waktu bilamana dipandang               (one) year, or at any time if deemed necessary at the request
perlu atas permintaan seorang atau lebih anggota Komite, atau            of one or more members of the Committee, or the request of
atas permintaan Direksi, atau atas usulan tertulis dari bidang           the Board of Directors, or upon written proposals from related
terkait yang menyampaikan hal-hal yang akan dibahas dan                  fields that convey matters which will be discussed and decided
diputuskan melalui koordinasi dengan Sekretaris Komite.                  in coordination with the Committee Secretary.


Selama tahun 2025 beberapa agenda penting yang dilakukan                 During 2025 several important agendas carried out through
melalui rapat antara lain:                                               meetings including:




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        Tanggal Rapat                                                                                                Peserta
 No                                 Agenda Rapat                        Meeting Agenda
        Meeting Date                                                                                                Participant

  1    21 Januari 2025    Update Proyeksi Likuiditas Bank      Update on the Bank’s Liquidity           1. Elmamber P. Sinaga
       January 21, 2025                                        Projection.                              2. Putu Apriyanto
                                                                                                        3. Maswar Purnama
                                                                                                        4. Widi Nugroho
                                                                                                        5. Resi Lora
                                                                                                        6. Roni Girsang
                                                                                                        7. Aldien Haekalani
                                                                                                        8. Agus Syaiful Anwar
                                                                                                        9. Erlinda Rusda
                                                                                                        10. Yuli Christiani Clara
                                                                                                        11. Oktris Novali Gusti

  2    7 Maret 2025       Usulan Suku Bunga Dasar Kredit       Proposal for the Base Lending Rate       1.   Elmamber P. Sinaga
       March 7, 2025      (SBDK) Maret 2025                    (Suku Bunga Dasar Kredit/SBDK) for       2.   Putu Apriyanto
                                                               March 2025.                              3.   Maswar Purnama
                                                                                                        4.   Widi Nugroho
                                                                                                        5.   Resi Lora

  3    15 Mei 2025        1. Usulan Optimalisasi Likuiditas    1. Proposal for Liquidity                1.   Elmamber P. Sinaga
       May 15, 2025       2. Usulan Review Limit Aktivitas        Optimization                          2.   Putu Apriyanto
                             Trading                           2. Proposal for Review of Trading        3.   Maswar Purnama
                                                                  Activity Limits                       4.   Widi Nugroho
                                                                                                        5.   Resi Lora
                                                                                                        6.   Roni Girsang
                                                                                                        7.   Aldien Haekalani
                                                                                                        8.   Agus Syaiful Anwar
                                                                                                        9.   Oktris Novali Gusti

  4    25 Juni 2025       1. Usulan Final Structure Obligasi   1. Proposal for the Final Structure of   1.   Elmamber P. Sinaga
       June 25, 2025      2. Usulan Bilateral Loan                Bonds                                 2.   Putu Apriyanto
                                                               2. Proposal for Bilateral Loan           3.   Maswar Purnana
                                                                                                        4.   Widi Nugroho
                                                                                                        5.   Roni Girsang
                                                                                                        6.   Aldien Haekalani
                                                                                                        7.   Agus Syaiful Anwar
                                                                                                        8.   Oktris Novali Gusti

  5    26 Juni 2025       Usulan Suku Bunga Dasar Kredir       Proposal for the Base Lending Rate       1.   Elmamber P, Sinaga
       June 26, 2025      (SBDK) Periode Juni 2025             (Suku Bunga Dasar Kredit/SBDK) for       3.   Putu Apriyanto
                                                               the June 2025 period.                    3.   Maswar Purnama
                                                                                                        3.   Widi Nugroho
                                                                                                        3.   Resi Lora

  6    16 Juli 2025       Usulan Penambahan Ketentuan          Proposal for the Addition of             1.   Maswar Purnama
       July 16, 2025      Pemberian Suku Bunga Kredit          Provisions on Interest Rate Setting      2.   Putu Apriyanto
                          Segmen Kredit Pensiun dan KSM        for Pension Loan Segment and             3.   Widi Nugroho
                          Dapen dengan Jenis Pengajuan Top     Dapen KSM Credit with Top-Up             4.   Resi Lora
                          Up                                   Application Type.

  7    22 Juli 2025       1. Usulan Penambahan Plafond         1. Proposal for the Increase of          1. Maswar Purnama
       July 22, 2025         Surat Berharga & Penyesuaian         Securities Limit and Adjustment of    2. Widi Nugroho
                             Roadmap EVE                          the EVE Roadmap                       3. Putu Apriyanto
                          2. Usulan Pelunasan dan              2. Proposal for Early Repayment and      4. Resi Lora
                             Penambahan Plafond Bilateral         Increase of Bilateral Loan Limit      5. Roni Girsang
                             Loan                              3. Proposal for Restructured Loan        6. Aldien Haekalani
                          3. Usulan Suku Bunga Kredit             Interest Rate                         7. Agus Syaiful Anwar
                             Restrukturisasi                                                            8. Erlinda Rusda
                                                                                                        9. Josia Conscious Parangin Angin
                                                                                                        10. Adang Wahyudin
                                                                                                        11. I Gusti Putu Wira Kusuma
                                                                                                        12. Oktris Novali Gusti

  8    25 Agustus 2025    Evaluasi Penyesuaian Limit           Evaluation of the Adjustment             1.   Maswar Purnama
       August 25, 2025    Komposisi Surat Berharga Banking     of the Banking Book Securities           2.   Widi Nugroho
                          Book dan Penyesuaian Ketentuan       Composition Limit and the                3.   Putu Apriyanto
                          Optimalisasi Likuiditas              Adjustment of Liquidity Optimization     4.   Resi Lora
                                                               Provisions.

  9    30 September       Usulan Suku Bunga Dasar Kredit       Proposal for the Base Lending Rate       1.   Maswar Purnama
       2025               (SBDK) Periode September 2025        for the September 2025 period.           2.   Widi Nugroho
       30 September                                                                                     3.   Putu Apriyanto
       2025                                                                                             4.   Resi Lora




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                                                                                                                   PT Bank Mandiri Taspen




        Tanggal Rapat                                                                                                Peserta
 No                                 Agenda Rapat                         Meeting Agenda
        Meeting Date                                                                                                Participant

  10   2 Oktober 2025     1. Usulan Bilateral Loan               1. Proposal for Bilateral Loan         1.   Maswar Purnama
       October 2, 2025    2. Usulan Penambahan Limit             2. Proposal for the Increase of        2.   Putu Apriyanto
                             Aktivitas Trading & Plafon Surat       Trading Activity Limits and         3.   Widi Nugroho
                             Berharga Banking Book                  Banking Book Securities Ceiling     4.   Resi Lora
                                                                                                        5.   Roni Girsang
                                                                                                        6.   Lalla Nurlaty Suri
                                                                                                        7.   Agus Syaiful Anwar
                                                                                                        8.   Oktris Novali Gusti

  11   18 November 2025   1. Update Proyeksi Likuiditas          1. Update on the Year-End 2025         1.   Maswar Purnama
       November 18,          Akhir Tahun 2025 dan Usulan            Liquidity Projection and Proposal   2.   Putu Apriyanto
       2025                  Pengelolaan Likuiditas                 for Liquidity Management            3.   Widi Nugroho
                          2. Usulan Rencana Penerbitan           2. Proposal for the 2025 Bond          4.   Resi Lora
                             Obligasi Tahun 2025                    Issuance Plan                       5.   Roni Girsang
                                                                                                        6.   Lalla Nurlaty Suri
                                                                                                        7.   Agus Syaiful Anwar
                                                                                                        8.   Oktris Novali Gusti
                                                                                                        9.   IGP Wira Kusuma




Komite Teknologi Informasi                                              Information Technology Committee

Komite Teknologi Informasi bertugas untuk membantu Direksi              The Information Technology Committee is tasked with assisting
dalam menjalankan kebijakan dan strategi yang terkait dengan            the Board of Directors in implementing policies and strategies
aktivitas pengembangan Teknologi Informasi. Penyesuaian                 related to Information Technology development activities. The
keanggotaan Komite dan Tata tertib Komite terakhir diubah               adjustment of Committee membership and Committee Rules of
dengan Surat Keputusan Direksi No. KEP.DIR/160/V/2022                   Conduct was last amended by Decree of the Board of Directors
tertanggal 31 Mei 2022 tentang Komite Teknologi Informasi               No. KEP.DIR/160/V/2022 dated May 31, 2022 concerning the
(Komite TI) PT Bank Mandiri Taspen.                                     Information Technology Committee (IT Committee).


STRUKTUR DAN KEANGGOTAAN KOMITE TEKNOLOGI                               STRUCTURE AND MEMBERSHIPS OF INFORMATION
INFORMASI                                                               TECHNOLOGY COMMITTEE



 Ketua                               Direktur yang membawahkan fungsi Teknologi               Director in charge of Information Technology
 Chairman                            Informasi                                                function


 Sekretaris 1
                                     Kepala Divisi IT Planning & Development                  Head of IT Planning & Development Division
 Secretary 1

                                     1. Kepala Divisi IT Operations                           1. Head of IT Operations Division
 Sekretaris 2
                                     2. Kepala Divisi Chief Information Security Officer      2. Head of Chief Information Security Officer (CISO)
 Secretary 2                            (CISO)                                                   Division

 Anggota yang Memiliki Hak Suara (Voting Members)
 Voting Members

 Anggota Tetap yang Memiliki         1. Direktur yang membawahkan fungsi Teknologi            1. Director in charge of Information Technology
 Hak Suara (Permanent Voting            Informasi                                                function
 Members)                            2. Direktur yang membawahkan fungsi Finance,             2. Director in charge of Finance, Risk & Operations
 Permanent Voting Members               Risk & Operations                                        function
                                     3. Direktur yang membawahkan fungsi Business             3. Director in charge of Business function


 Anggota Tidak Tetap yang
 Memiliki Hak Suara (Non -
 Permanent Voting Members)           Direktur Utama                                           President director
 Non-Permanent Members with
 Voting Rights




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 Anggota Tetap yang Tidak Memiliki Hak Suara (Contributing Non - Voting Members):
 Contributing Non - Voting Members:

 Anggota Tetap Yang Tidak
 Memiliki Hak Suara (Permanent                 1. Direktur yang membawahkan fungsi Kepatuhan;
                                                                                                               1. Director in charge of Compliance function; and/or
 Non-Voting Members)                              dan/atau
                                                                                                               2. Division Head/Department Head Compliance*)
 Permanent Non-Voting                          2. Kepala Divisi/Department Head Compliance*)
 Members

 Anggota Pemberi Kontribusi Yang Tidak Memiliki Suara (Contributing Non-Voting Members):
 Contributing Non-Voting Members:

 Anggota Tetap (Contributing                   1.   Divisi IT Planning & Development;                          1.   IT Planning & Development Division;
                                               2.   Divisi IT Operations;                                      2.   IT Operations Division;
 Permanent Non-Voting
                                               3.   Divisi CISO;                                               3.   CISO Division;
 Members)
                                               4.   Divisi SPM & Accounting;                                   4.   SPM & Accounting Division;
 Contributing                                  5.   Divisi Procurement & Asset Management;                     5.   Procurement & Asset Management Division;
 Permanent Non-Voting                          6.   Divisi Risk Management; dan                                6.   Risk Management Division; and
 Members                                       7.   Unit Project Management Office.                            7.   Project Management Office Unit.

 Anggota Tidak Tetap
 (Contributing Non Permanent                   Divisi lainnya yang diundang terkait dengan isu/                Other divisions invited are related to issues/
 Non-Voting Members)                           kendala/pengusul inisiatif yang menjadi agenda                  obstacles/initiative proposers that are on the
 Contributing Non Permanent                    Komite.                                                         Committee’s agenda.
 Non-Voting Members

*) Dalam pelaksanaan rapat Komite TI, Direktur Yang membawahkan Fungsi Compliance dapat mendelegasikan kepada Kepala Divisi Compliance atau Department Head Compliance
   sebagai Satuan Kerja Kepatuhan (SKK). / In implementing IT Committee meetings, the Director in charge of the Compliance Function can delegate to the Head of the Compliance
   Division or the Compliance Department Head as the Compliance Work Unit (SKK).




URAIAN TUGAS DAN TANGGUNG JAWAB KOMITE                                                 DESCRIPTION OF DUTIES AND RESPONSIBILITIES OF THE
TEKNOLOGI INFORMASI                                                                    INFORMATION TECHNOLOGY COMMITTEE


Tugas dan Tanggung Jawab Komite Teknologi Informasi antara                             The Duties and Responsibilities of the Information Technology
lain:                                                                                  Committee include:
1. Menyusun Rencana Strategis TI (RSTI) atau IT Strategic                              1. Develop an Information Technology (IT) Strategic Plan
     Plan dan memastikan bahwa ITSP tersebut konsisten dan                                (Master Plan) and ensure that the IT Strategic Plan is
     mendukung strategi bisnis Perseroan secara bankwide                                  consistent and supports the Bank’s business strategy on
     untuk selanjutnya diajukan kepada Rapat Direksi guna                                 a bank-wide basis for further submission to the Board of
     memperoleh persetujuan.                                                              Directors Meeting for approval.
2. Menyusun dan memastikan prioritas TI proyek sesuai                                  2. Develop and ensure IT project priorities are in accordance
     dengan IT Strategic Plan dengan penekanan pada efisiensi                             with the IT Strategic Plan with an emphasis on efficiency
     dan efektivitas.                                                                     and effectiveness.
3. Memastikan kebijakan, standar, dan prosedur TI.                                     3. Ensure IT policies, standards, and procedures.
4. Memastikan bahwa proyek TI dilaksanakan sesuai dengan                               4. Ensure that IT projects are implemented in accordance with
     Project Charter yang ditetapkan.                                                     the established Project Charter.
5. Menyusun dan memastikan bahwa mekanisme pemenuhan                                   5. Develop and ensure that the IT infrastructure compliance
     infrastruktur TI sudah tersedia dan pelaksanaannya sesuai                            mechanism is in place and its implementation is in
     ketentuan yang berlaku.                                                              accordance with applicable regulations.
6. Mengevaluasi proyek-proyek TI mengambil tindakan                                    6. Evaluate IT projects take corrective action in the event that
     korektif dalam hal hasil evaluasi proyek mengindikasi                                the project evaluation results indicate corrective action is
     diperlukan tindakan korektif.                                                        required.




     666                                                                                                                                    Laporan Tahunan 2025
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                                                                                                                             PT Bank Mandiri Taspen




PROFIL ANGGOTA KOMITE TEKNOLOGI INFORMASI                                      PROFILE OF MEMBERS OF THE INFORMATION
                                                                               TECHNOLOGY COMMITTEE



      Nama                                                               Keterangan
                          Jabatan                Position                                                 Profil                        Profil
      Name                                                               Description

 Henrisa Yunan       Ketua                  Chairman              Direktur IT & Digital          Profil dapat dilihat pada     Profiles can be seen in
 Lubis**                                                          Director of IT & Digital       bagian Profil Direksi         the Board of Directors
                                                                                                 dalam Laporan Tahunan         Profile section in this
                                                                                                 ini.                          Annual Report.

 Hendi Hadianto      Sekretaris 1/          Secretary 1/non-      Kepala Divisi IT Planning &    Profil dapat dilihat pada     Profiles can be seen in
                     anggota pemberi        voting contributing   Development                    bagian Profil Pejabat         the Executive Officers
                     kontribusi yang        member                Head of IT Planning &          Eksekutif dalam Laporan       Profile section in this
                     tidak memiliki hak                           Development Division           Tahunan ini.                  Annual Report.
                     suara

 Purnama Sulfa       Sekretaris 2/          Secretary 2/non-      Kepala Divisi Chief            Profil dapat dilihat pada     Profiles can be seen in
 Syukur              anggota pemberi        voting contributing   Information Security Officer   bagian Profil Pejabat         the Executive Officers
                     kontribusi yang        member                Division Head, Chief           Eksekutif dalam Laporan       Profile section in this
                     tidak memiliki hak                           Information Security Officer   Tahunan ini.                  Annual Report.
                     suara

 Rima Cahyani*       Anggota tetap yang     Permanent voting      Direktur Keuangan & Risk       Profil dapat dilihat pada     Profiles can be seen in
                     memiliki hak suara     member                Director of Finance & Risk     bagian Profil Direksi         the Board of Directors
                                                                                                 dalam Laporan Tahunan         Profile section in this
                                                                                                 ini.                          Annual Report.

 Mahrauza            Anggota tetap yang     Permanent voting      Direktur Business              Profil dapat dilihat pada     Profiles can be seen in
 Purnaditya**        memiliki hak suara     member                Director of Business           bagian Profil Direksi         the Board of Directors
                                                                                                 dalam Laporan Tahunan         Profile section in this
                                                                                                 ini.                          Annual Report.

 Panji Irawan*       Anggota tidak tetap    Non-Permanent         Direktur Utama                 Profil dapat dilihat pada     Profiles can be seen in
                     yang memiliki hak      voting member         President Director             bagian Profil Direksi         the Board of Directors
                     suara                                                                       dalam Laporan Tahunan         Profile section in this
                                                                                                 ini.                          Annual Report.

 Rio Lanasier*       Anggota tetap yang     Permanent Non-        Direktur Compliance &          Profil dapat dilihat pada     Profiles can be seen in
                     tidak memiliki hak     Voting Members        Human Resource                 bagian Profil Direksi         the Board of Directors
                     suara                                        Director of Compliance &       dalam Laporan Tahunan         Profile section in this
                                                                  Human Resource                 ini.                          Annual Report.
                                                                  Director of Compl

 Sisi Rahmina        Anggota tetap yang     Permanent Non-        Kepala Divisi Compliance       Profil dapat dilihat pada     Profiles can be seen in
                     tidak memiliki hak     Voting Members        Head of Compliance             bagian Profil Direksi         the Board of Directors
                     suara                                        Division                       dalam Laporan Tahunan         Profile section in this
                                                                                                 ini.                          Annual Report.

 Fajar M.S.          Anggota pemberi        Contributing Non-     Kepala Divisi IT Operations    Profil dapat dilihat pada     Profiles can be seen in
 Sukmono             kontribusi yang        Voting Members        Head of IT Operations          bagian Profil Pejabat         the Executive Officers
                     tidak memiliki suara                         Division                       Eksekutif dalam Laporan       Profile section in this
                                                                                                 Tahunan ini.                  Annual Report.

 Agus Syaiful        Anggota pemberi        Contributing Non-     Kepala Divisi SPM &            Profil dapat dilihat pada     Profiles can be seen in
 Anwar               kontribusi yang        Voting Members        Accounting                     bagian Profil Pejabat         the Executive Officers
                     tidak memiliki suara                         Head of SPM & Accounting       Eksekutif dalam Laporan       Profile section in this
                                                                  Division                       Tahunan ini.                  Annual Report.

 Sangkot             Anggota pemberi        Contributing Non-     Kepala Procurement &           Profil dapat dilihat pada     Profiles can be seen in
 Parangin Angin      kontribusi yang        Voting Members        Asset Management               bagian Profil Pejabat         the Executive Officers
                     tidak memiliki hak                           Head of Procurement &          Eksekutif dalam Laporan       Profile section in this
                     suara                                        Asset Management               Tahunan ini.                  Annual Report.

 Roni Girsang        Anggota pemberi        Contributing Non-     Kepala Risk Management         Profil dapat dilihat pada     Profiles can be seen in
                     kontribusi yang        Voting Members        Head of Risk Management        bagian Profil Pejabat         the Executive Officers
                     tidak memiliki hak                                                          Eksekutif dalam Laporan       Profile section in this
                     suara                                                                       Tahunan ini.                  Annual Report.




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       Nama                                                                         Keterangan
                              Jabatan                  Position                                                          Profil                         Profil
       Name                                                                         Description

 Saptono Andi          Anggota pemberi            Contributing Non-         Department Head Project            Tempat, Tanggal                Place and Date of Birth:
 Setyawan              kontribusi yang            Voting Members            Management Office                  Lahir: Banyumas, 07            Banyumas, September
                       tidak memiliki hak                                   Department Head Project            September 1971                 7, 1971
                       suara                                                Management Office                  Pendidikan:                    Education:
                                                                                                               • S1 Ilmu Administrasi         • Bachelor’s
                                                                                                                 Negara, FISIP,                   Degree in Public
                                                                                                                 Universitas Jenderal             Administration,
                                                                                                                 Soedirman                        Faculty of Social
                                                                                                                                                  and Political
                                                                                                               Pengalaman Kerja:                  Sciences (FISIP),
                                                                                                               • Cluster Manager di               Jenderal Soedirman
                                                                                                                 PT Bank Mandiri                  University
                                                                                                               • Kepala Cabang Micro          Work Experience:
                                                                                                                 PT Bank Mandiri              • Cluster Manager, PT
                                                                                                               • Micro Mandiri                    Bank Mandiri
                                                                                                                 Manager PT Bank              • Head of Micro
                                                                                                                 Mandiri                          Branch, PT Bank
                                                                                                               • Sales & Transaction              Mandiri
                                                                                                                 Control PT Bank              • Micro Mandiri
                                                                                                                 Mandiri                          Manager, PT Bank
                                                                                                               • Verifikator PT Bank              Mandiri
                                                                                                                 Mandiri                      • Sales & Transaction
                                                                                                               • Internal Control &               Control, PT Bank
                                                                                                                 Compliance PT Bank               Mandiri
                                                                                                                 Mandiri                      • Verifier, PT Bank
                                                                                                               • Clearing & Other                 Mandiri
                                                                                                                 Services PT Bank             • Internal Control &
                                                                                                                 Mandiri                          Compliance, PT Bank
                                                                                                               • GA PT Bank Mandiri               Mandiri
                                                                                                               • HR & GA PT Bank              • Clearing & Other
                                                                                                                 Ekspor Impor                     Services, PT Bank
                                                                                                                 Indonesia                        Mandiri
                                                                                                                                              • General Affairs (GA),
                                                                                                               Dasar Pengangkatan:                PT Bank Mandiri
                                                                                                               Diangkat sebagai               • Human Resources &
                                                                                                               Department Head PMO                General Affairs, PT
                                                                                                               berdasarkan keputusan              Bank Ekspor Impor
                                                                                                               Direksi Nomor SKD.                 Indonesia
                                                                                                               CHC/3522/2017                  Appointment Basis:
                                                                                                                                              Appointed as
                                                                                                                                              Department Head of
                                                                                                                                              PMO based on Board
                                                                                                                                              of Directors Decree No.
                                                                                                                                              SKD.CHC/3522/2017

*) Telah diangkat berdasarkan keputusan sirkuler Pemegang Saham tanggal 04 Desember 2025 dan telah lulus Penilaian Kemampuan & Kepatutan oleh Otoritas Jasa Keuangan /
    Appointed based on the Circular Resolution of the Shareholders dated December 4, 2025 and has passed the Fit and Proper Test conducted by Otoritas Jasa Keuangan.
**) Telah diangkat berdasarkan keputusan sirkuler Pemegang Saham tanggal 04 Desember 2025 dan masih dalam proses Penilaian Kemampuan & Kepatutan oleh Otoritas Jasa
    Keuangan / Appointed based on the Circular Resolution of the Shareholders dated December 4, 2025 and is currently in the process of the Fit and Proper Test conducted by
    Otoritas Jasa Keuangan.




INDEPENDENSI KOMITE TEKNOLOGI INFORMASI                                                  INDEPENDENCE OF INFORMATION TECHNOLOGY
                                                                                         COMMITTEE


Seluruh anggota Komite tidak memiliki afiliasi dengan Direktur                           All members of the Committee are not affiliated with other
lainnya, Komisaris maupun Pemegang Saham Pengendali,                                     Directors, Commissioners or Controlling Shareholders, are not
bukan merupakan pemegang saham Perusahaan yang dapat                                     shareholders of the Company which can affect their ability to
mempengaruhi kemampuannya untuk bertindak independen,                                    act independently, Commissioners, Directors or employees of
Komisaris, Direktur maupun karyawan dari perusahaan yang                                 companies that have affiliation or business with the Bank.
memiliki afiliasi maupun bisnis dengan Bank.


RAPAT DAN PELAKSANAAN TUGAS KOMITE TEKNOLOGI                                             MEETINGS AND IMPLEMENTATION OF THE TASKS OF THE
INFORMASI                                                                                INFORMATION TECHNOLOGY COMMITTEE


Komite Teknologi Informasi mengadakan rapat sekurang-                                    The Information Technology Committee held meetings at least
kurangnya 2 (dua) kali dalam 1 (satu) tahun, atau setiap waktu                           2 (two) times in 1 (one) year, or at any time if deemed necessary
bilamana dipandang perlu atas permintaan seorang atau                                    at the request of one or more members of the Committee, or at
lebih anggota Komite, atau atas permintaan Direksi, atau atas                            the request of the Board of Directors, or on a written proposal
usulan tertulis dari bidang terkait yang menyampaikan hal-hal                            from the related field that conveyed the following: matters to
yang akan dibahas dan diputuskan melalui koordinasi dengan                               be discussed and decided in coordination with the Committee
Sekretaris Komite.                                                                       Secretary.




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                                                                                                                PT Bank Mandiri Taspen




Selama tahun 2025 beberapa agenda penting yang dilakukan               During 2025 several important agendas were carried out
melalui rapat antara lain:                                             through meetings, including:



  No    Tanggal Rapat               Agenda Rapat                               Peserta                             Participant
         Meeting Date              Meeting Agenda

  1        25 Juni 2025   1. Update Inisiatif Project-CR Tahun    1.  Direktur Utama                    1.  President Director
          June 25, 2025      2025                                 2.  Direktur Business                 2.  Director of Business
                          2. Revisi Rencana Pengembangan          3.  Direktur IT & Digital             3.  Director of IT & Digital
                             Teknologi Informasi (RPTI) Tahun     4.  Direktur Finance, Risk &          4.  Director of Finance, Risk &
                             2025                                     Operations                            Operations
                          3. Usulan / Rekomendasi Komite TI       5. Divisi IT Planning &               5. IT Planning & Development
                          1. Update on Project Credit Risk            Development                           Division
                             (Project-CR) Initiatives for 2025    6. Divisi IT Operations               6. IT Operations Division
                          2. Revision of the 2025 Information     7. Divisi Digital Transformation      7. Digital Transformation Division
                             Technology Development Plan (RPTI)   8. Divisi Digital Banking Product     8. Digital Banking Product
                          3. Proposal/Recommendations of the IT   9. Divisi Risk Management                 Division
                             Committee                            10. Divisi SPM & Accounting           9. Risk Management Division
                                                                  11. Divisi Compliance                 10. Accounting & Financial
                                                                  12. Divisi Central Operation              Reporting (SPM & Accounting)
                                                                  13. Divisi Operational Excellence &       Division
                                                                      Customer Experience               11. Compliance Division
                                                                                                        12. Central Operations Division
                                                                                                        13. Operational Excellence &
                                                                                                            Customer Experience Division

  2       24 November     1. Update Inisiatif Project-CR Tahun    1.  Direktur Business                 1.  Director of Business
              2025           2025                                 2.  Direktur IT & Digital             2.  Director of IT & Digital
          November 24,    2. Laporan Rencana Pengembangan         3.  Direktur Finance, Risk &          3.  Director of Finance, Risk &
              2025           Teknologi Informasi (RPTI) Tahun         Operations                            Operations
                             2026                                 4. Direktur Compliance & Control      4. Director of Compliance &
                          3. Usulan / Rekomendasi Komite TI       5. Divisi IT Planning &                   Control
                          1. Update on Project Credit Risk            Development                       5. IT Planning & Development
                             (Project-CR) Initiatives for 2025    6. Divisi Central Operation               Division
                          2. Report on the 2026 Information       7. Divisi CISO                        6. Central Operations Division
                             Technology Development Plan (RPTI)   8. Divisi Compliance                  7. Chief Information Security
                          3. Proposal/Recommendations of the IT   9. Divisi Consumer Business &             Officer (CISO) Division
                             Committee                                Recovery                          8. Compliance Division
                                                                  10. Divisi Corporate Secretary &      9. Consumer Business &
                                                                      Legal                                 Recovery Division
                                                                  11. Divisi Credit Operation           10. Corporate Secretary & Legal
                                                                  12. Divisi Digital Banking Product        Division
                                                                  13. Divisi Digital Transformation     11. Credit Operations Division
                                                                  14. Divisi Distribution & Portfolio   12. Digital Banking Product
                                                                      Management                            Division
                                                                  15. Divisi Funding & Investment       13. Digital Transformation Division
                                                                      Product                           14. Distribution & Portfolio
                                                                  16. Divisi Human Capital                  Management Division
                                                                  17. Divisi IT Operations              15. Funding & Investment Product
                                                                  18. Divisi Operational Excellence &       Division
                                                                      Customer Experience               16. Human Capital Division
                                                                  19. Divisi Pension & Loyalty          17. IT Operations Division
                                                                      Management                        18. Operational Excellence &
                                                                  20. Divisi Pension Business               Customer Experience Division
                                                                  21. Divisi Procurement & Asset        19. Pension & Loyalty
                                                                      Management                            Management Division
                                                                  22. Divisi Risk Business Control      20. Pension Business Division
                                                                  23. Divisi Risk Mangement             21. Procurement & Asset
                                                                  24. Divisi SPM & Accounting               Management Division
                                                                  25. Divisi Treasury                   22. Risk Business Control Division
                                                                                                        23. Risk Management Division
                                                                                                        24. Accounting & Financial
                                                                                                            Reporting (SPM & Accounting)
                                                                                                            Division
                                                                                                        25. Treasury Division




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  No    Tanggal Rapat                 Agenda Rapat                                   Peserta                               Participant
         Meeting Date                Meeting Agenda

  3         25 November    1. Rencana Strategis Teknologi             1.     Direktur Business                 1.   Director of Business
                2025          Informasi (RSTI) Periode Tahun 2026     2.     Direktur IT & Digital             2.   Director of IT & Digital
            November 25,      – 2030                                  3.     Direktur Finance, Risk &          3.   Director of Finance, Risk &
                2025       2. Usulan / Rekomendasi Komite TI                 Operations                             Operations
                           1. Information Technology Strategic Plan   4.     Direktur Compliance & Control     4.   Director of Compliance &
                              (ITSP) for the 2026–2030 period         5.     Divisi IT Planning &                   Control
                           2. IT Committee Proposal/                         Development                       5.   IT Planning & Development
                              Recommendations                         6.     Divisi IT Operations                   Division
                                                                      7.     Divisi CISO                       6.   IT Operations Division
                                                                      8.     Divisi Digital Banking Product    7.   Chief Information Security
                                                                      9.     Divisi Digital Transformation          Officer (CISO) Division
                                                                                                               8.   Digital Banking Product
                                                                                                                    Division
                                                                                                               9.   Digital Transformation Division


Komite Kebijakan Perkreditan (KKP)                                         Credit Policy Committee (KKP)

Dalam rangka melaksanakan amanat POJK No.42/                               In order to implement the mandate of Financial Services
POJK.03/2017     tentang    Kewajiban     Penyusunan      dan              Authority Regulation (POJK) No. 42/POJK.03/2017 concerning
Pelaksanaan Kebijakan Perkreditan atau Pembiayaan Bank Bagi                the Obligation to Prepare and Implement Bank Lending or
Bank Umum, Bank membentuk Komite Kebijakan Perkreditan                     Financing Policies for Commercial Banks, the Bank established
melalui Surat Keputusan Direksi Nomor: KEP.DIR/157/V/2022                  a Credit Policy Committee through Board of Directors Decree
tanggal 31 Mei 2022 tentang Pembentukan Komite Kebijakan                   No. KEP.DIR/157/V/2022 dated 31 May 2022 regarding the
Perkreditan (KKP) PT Bank Mandiri Taspen. Komite ini bertugas              Establishment of the Credit Policy Committee (CPC) of PT Bank
untuk memberikan masukan kepada direksi dalam penyusunan                   Mandiri Taspen. This Committee was responsible for providing
Kebijakan Perkreditan Bank (KPB) serta Mengawasi agar KPB                  recommendations to the Board of Directors in the formulation
dapat diterapkan dan dilaksanakan secara konsekuen dan                     of the Bank’s Credit Policy (KPB), as well as overseeing its
konsisten.                                                                 consistent and effective implementation.


STRUKTUR DAN KEANGGOTAAN KOMITE KEBIJAKAN                                  STRUCTURE AND MEMBERSHIP CREDIT POLICY
PERKREDITAN                                                                COMMITTEE



 Ketua
                                     Direktur Utama                                           Direktur Utama
 Chairman

 Wakil Ketua
                                     Direktur Business                                        Direktur Business
 Vice Chairman

 Sekretaris
                                     Kepala Divisi Risk Management                            Kepala Divisi Risk Management
 Secretary

 Sekretaris Pengganti 1
                                     Kepala Divisi Micro & Retail Business                    Kepala Divisi Micro & Retail Business
 Alternate Secretary 1

 Sekretaris Pengganti 2
                                     Kepala Divisi Pension Business                           Kepala Divisi Pension Business
 Alternate Secretary 2

 Anggota yang Memiliki Hak Suara (Voting Members)
 Voting Members

 Anggota Tetap yang Memiliki
 Hak Suara                           Seluruh Direktur kecuali Direktur Yang                   All Directors except the Director in Charge of
 (Permanent Voting Members)          Membawahkan Fungsi Kepatuhan                             Compliance Functions
 Permanent Voting Members




      670                                                                                                                   Laporan Tahunan 2025
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                                                                                                                                        PT Bank Mandiri Taspen




                                                1.    Direktur Yang Membawahkan Fungsi Kepatu-                  1.    Director in Charge of Compliance Function
                                                      han                                                       2.    Head of Internal Audit Division
                                                2.    Kepala Divisi Internal Audit                              3.    Head of Micro & Retail Business Division
                                                3.    Kepala Divisi Micro & retail Business                     4.    Head of Distribution & Portfolio Management
 Anggota Tidak Tetap yang                       4.    Kepala Divisi Distribution & Portfolio Manage-                  Division
 Memiliki Hak Suara                                   ment                                                      5.    Head of Pension Business Division
                                                5.    Kepala Divisi Pension Business                            6.    Head of Credit Recovery Division
 (Non - Permanent Voting
                                                6.    Kepala Divisi Credit Recovery                             7.    Head of Credit Operations Division
 Members)                                       7.    Kepala Divisi Credit Operation                            8.    Head of Retail & Digital Banking Division
 Non - Permanent Voting                         8.    Kepala Divisi Retail & Digital Banking                    9.    Head of Risk Management Division
 Members                                        9.    Kepala Divisi Risk Management                             10.   Head of Compliance Division
                                                10.   Kepala Divisi Compliance                                  11.   Head of Risk Business Control (RBC) Division
                                                11.   Kepala Divisi RBC                                         12.   Head of Corporate Secretary & Legal Division
                                                12.   Kepala Divisi Corporate Secretary & Legal                 13.   Head of Risk Approval Unit*
                                                13.   Kepala Unit Risk Approval*)

 Anggota Tidak Tetap yang                       Kepala Divisi lainnya yang diundang sesuai dengan               Other Division Heads invited according to the
 Tidak Memiliki Hak Suara                       permasalahan yang dibahas dan kebutuhan Bank                    issues discussed and the Bank’s needs
 (Permanent Non - Voting
 Members)
 Permanent Non - Voting
 Members

 *) pelaksanaan tugas sementara dilaksanakan oleh Kepala Divisi yang membawahkan Unit Risk Approval
 *) The implementation of temporary duties is carried out by the Division Head who is in charge of the Risk Approval Unit



URAIAN TUGAS DAN TANGGUNG JAWAB KOMITE                                                     DESCRIPTION OF DUTIES AND RESPONSIBILITIES OF THE
KEBIJAKAN PERKREDITAN                                                                      CREDIT POLICY COMMITTEE


Tugas dan Tanggung Jawab Komite Kebijakan Perkreditan                                      Duties and Responsibilities of the Credit Policy Committee
antara lain:                                                                               include:
1. Memberikan masukan kepada direksi dalam penyusunan                                      1. Providing input to the board of directors in the preparation
    Kebijakan Perkreditan Bank (KPB), terutama yang berkaitan                                  of Bank Credit Policies (KPB), especially those relating to
    dengan perumusan prinsip kehati-hatian dalam perkreditan                                   the formulation of the principle of prudence in credit which
    yang paling sedikit harus meliputi kebijakan pokok dalam                                   must at least include basic policies in credit or financing,
    perkreditan atau pembiayaan, tata cara penilaian kualitas                                  procedures for assessing the quality of Credit or Financing,
    Kredit atau Pembiayaan, dan profesionalisme serta                                          and the professionalism and integrity of credit officers or
    integritas pejabat perkreditan atau pembiayaan.                                            financing.
2. Mengawasi agar KPB dapat diterapkan dan dilaksanakan                                    2. Supervising that KPB can be implemented and implemented
    secara konsekuen dan konsisten serta merumuskan                                            consistently and formulating solutions in the event that
    pemecahan dalam hal terdapat hambatan atau kendala                                         there are obstacles or obstacles in the implementation of
    dalam penerapan KPB. Selanjutnya KKP juga melakukan                                        KPB. Furthermore, the KKP also conducted periodic reviews
    kajian berkala terhadap KPB dan memberikan saran kepada                                    of the KPB and provided advice to the board of directors in
    direksi dalam hal diperlukan perubahan atau perbaikan                                      the event that changes or improvements to the KPB were
    KPB; dan                                                                                   required; and
3. Memantau dan mengevaluasi:                                                              3. Monitoring and evaluating:
    a. Perkembangan dan kualitas portofolio perkreditan atau                                   a. Development and quality of the overall credit or
         pembiayaan secara keseluruhan;                                                             financing portfolio;
    b. Usulan rekanan perkreditan dan kinerja rekanan                                          b. Proposed credit partners and overall credit partner
         perkreditan secara keseluruhan;                                                            performance;
    c. Usulan exception dalam produk kredit dan kewenangan                                     c. Proposed exceptions in credit products and the
         memutus exception;                                                                         authority to decide on exceptions;
    d. Usulan produk kredit atau turunan produk kredit,                                        d. Proposed credit products or derivative credit products,
         termasuk perubahan Risk Acceptance Criteria (RAC);                                         including changes to the Risk Acceptance Criteria (RAC);
    e. Kebenaran pelaksanaan kewenangan memutus Kredit                                         e. The truth of the implementation of the authority to
         atau Pembiayaan dan Restrukturisasi Kredit;                                                decide on Credit or Financing and Credit Restructuring;
    f. Kebenaran proses pemberian, perkembangan, dan                                           f. The truth of the process of granting, development
         kualitas Kredit atau Pembiayaan yang diberikan kepada                                      and quality of Credit or Financing provided to parties
         pihak terkait dengan Bank dan debitur besar tertentu;                                      related to the Bank and certain large debtors;
    g. Kebenaran pelaksanaan ketentuan BMPK;                                                   g. The truth of the implementation of the BMPK provisions;




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    h. Ketaatan terhadap ketentuan peraturan perundang-                            h. compliance with the provisions of laws and regulations
       undangan dan peraturan lain dalam pelaksanaan                                  and other regulations in the implementation of the
       pemberian Kredit atau Pembiayaan;                                              provision of Credit or Financing;
    i. Penyelesaian Kredit atau Pembiayaan bermasalah                              i. settlement of non-performing Credit or Financing as
       sesuai dengan yang ditetapkan dalam KPB; dan                                   stipulated in the KPB; and
    j. Upaya Bank dalam memenuhi kecukupan jumlah                                  j. the Bank’s efforts to meet the adequacy of the
       penyisihan penghapusan Kredit atau Pembiayaan.                                 allowance for credit or financing losses.


PROFIL ANGGOTA KOMITE KEBIJAKAN PERKREDITAN                                 PROFILE OF MEMBERS OF THE CREDIT POLICY
                                                                            COMMITTEE



     Nama                                                        Keterangan
                       Jabatan               Position                                             Profil                        Profil
     Name                                                        Information

 Panji Irawan*    Ketua/anggota         Chairman/             Direktur Utama           Profil dapat dilihat pada     Profiles can be seen in the
                  tetap yang memiliki   permanent member      President Director       bagian Profil Direksi dalam   Board of Directors Profile
                  hak suara             with voting rights                             Laporan Tahunan ini.          section in this Annual
                                                                                                                     Report.

 Mahrauza         Wakil Ketua/          Deputy Chairman/      Direktur Bisnis          Profil dapat dilihat pada     Profiles can be seen in the
 Purnaditya**     anggota tetap yang    permanent member      Director of              bagian Profil Direksi dalam   Board of Directors Profile
                  memiliki hak suara    with voting rights    Business                 Laporan Tahunan ini.          section in this Annual
                                                                                                                     Report.

 Roni Girsang     Sekretaris/anggota    Secretary/            Kepala Divisi Risk       Profil dapat dilihat pada     Profiles can be seen in the
                  tetap yang tidak      permanent member      Management               bagian Profil Pejabat         Executive Officers Profile
                  memiliki hak suara    without voting        Head of Risk             Eksekutif dalam Laporan       section in this Annual
                                        rights                Management               Tahunan ini.                  Report.
                                                              Division

 Mohamad Razif    Sekretaris            Alternate Secretary   Kepala Divisi            Profil dapat dilihat pada     Profiles can be seen in the
                  Pengganti 1/          1/ permanent          Consumer Business        bagian Profil Pejabat         Executive Officers Profile
                  anggota tetap yang    member without        & Recovery (dh.          Eksekutif dalam Laporan       section in this Annual
                  tidak memiliki hak    voting rights         Divisi Micro & Retail    Tahunan ini.                  Report.
                  suara                                       Business)
                                                              Head of Consumer
                                                              Business &
                                                              Recovery Division
                                                              (formerly Micro &
                                                              Retail Business
                                                              Division

 Mochammad        Sekretaris            Alternate Secretary   Kepala Divisi            Profil dapat dilihat pada     Profiles can be seen in the
 Azis Yusup       Pengganti 2/          2/ permanent          Pension Business         bagian Profil Pejabat         Executive Officers Profile
                  anggota tetap yang    member without        Head of Pension          Eksekutif dalam Laporan       section in this Annual
                  tidak memiliki hak    voting rights         Business Division        Tahunan ini.                  Report.
                  suara

 Rima Cahyani*    Anggota tetap yang    Permanent member      Direktur Keuangan        Profil dapat dilihat pada     Profiles can be seen in the
                  memiliki hak suara    with voting rights    & Risk                   bagian Profil Direksi dalam   Board of Directors Profile
                                                              Director of Finance      Laporan Tahunan ini.          section in this Annual
                                                              & Risk                                                 Report.

 Henrisa Yunan    Anggota tetap yang    Permanent member      Direktur IT & Digital    Profil dapat dilihat pada     Profiles can be seen in the
 Lubis**          memiliki hak suara    with voting rights    Director of IT &         bagian Profil Direksi dalam   Board of Directors Profile
                                                              Digital                  Laporan Tahunan ini.          section in this Annual
                                                                                                                     Report.

 Rudi As          Anggota tetap yang    Permanent member      Wakil Direktur           Profil dapat dilihat pada     Profiles can be seen in the
 Aturridha**      memiliki hak suara    with voting rights    Utama                    bagian Profil Direksi dalam   Board of Directors Profile
                                                              Vice President           Laporan Tahunan ini.          section in this Annual
                                                              Director                                               Report.

 Rizky Olyvia     Anggota tetap yang    Permanent member      Direktur Funding         Profil dapat dilihat pada     Profiles can be seen in the
 Nasution**       memiliki hak suara    with voting rights    (Retail & Network)       bagian Profil Direksi dalam   Board of Directors Profile
                                                              Director of Funding      Laporan Tahunan ini.          section in this Annual
                                                              (Retail & Network)                                     Report.

 Noer             Anggota tetap yang    Permanent member      Direktur                 Profil dapat dilihat pada     Profiles can be seen in the
 Fajrieansyah**   memiliki hak suara    with voting rights    Transformasi &           bagian Profil Direksi dalam   Board of Directors Profile
                                                              Pengembangan             Laporan Tahunan ini.          section in this Annual
                                                              Usaha                                                  Report.
                                                              Business
                                                              Transformation and
                                                              Development




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                                                                                                                                          PT Bank Mandiri Taspen




      Nama                                                                    Keterangan
                            Jabatan                   Position                                                   Profil                               Profil
      Name                                                                    Information

 Rio Lanasier*        Anggota tetap yang        permanent member          Direktur                  Profil dapat dilihat pada            Profiles can be seen in the
                      tidak memiliki hak        without voting            Compliance &              bagian Profil Direksi dalam          Board of Directors Profile
                      suara                     rights                    Human Resource            Laporan Tahunan ini.                 section in this Annual
                                                                          Director of                                                    Report.
                                                                          Compliance &
                                                                          Human Resource

 M. Jacobie           Anggota tetap yang        permanent member          Kepala Divisi             Profil dapat dilihat pada            Profiles can be seen in the
 Henry                tidak memiliki hak        without voting            Internal Audit            bagian Profil Pejabat                Executive Officers Profile
 Widojono             suara                     rights                    Head of Internal          Eksekutif dalam Laporan              section in this Annual
                                                                          Audit Division            Tahunan ini.                         Report.

 Erlinda Rusda        Anggota tetap yang        permanent member          Kepala Divisi             Profil dapat dilihat pada            Profiles can be seen in the
                      tidak memiliki hak        without voting            Distribution              bagian Profil Pejabat                Executive Officers Profile
                      suara                     rights                    & Portfolio               Eksekutif dalam Laporan              section in this Annual
                                                                          Management                Tahunan ini.                         Report.
                                                                          Head of
                                                                          Distribution
                                                                          and Portfolio
                                                                          Management
                                                                          Division

 Sang Ketut           Anggota tetap yang        permanent member          Kepala Divisi Credit      Profil dapat dilihat pada            Profiles can be seen in the
 Miasa                tidak memiliki hak        without voting            Operation                 bagian Profil Pejabat                Executive Officers Profile
                      suara                     rights                    Head of Credit            Eksekutif dalam Laporan              section in this Annual
                                                                          Operation Division        Tahunan ini.                         Report.

 Pangrukti            Anggota tetap yang        permanent member          Kepala Divisi Digital     Profil dapat dilihat pada            Profiles can be seen in the
 Kisbandini           tidak memiliki hak        without voting            Banking Product           bagian Profil Pejabat                Executive Officers Profile
                      suara                     rights                    (dh. Divisi Retail &      Eksekutif dalam Laporan              section in this Annual
                                                                          Digital Banking)          Tahunan ini.                         Report.
                                                                          Head of Digital
                                                                          Banking Product
                                                                          Division (dh. Retail
                                                                          & Digital Banking
                                                                          Division)

 Sisi Rahmina         Anggota tetap yang        permanent member          Kepala Divisi             Profil dapat dilihat pada            Profiles can be seen in the
                      tidak memiliki hak        without voting            Compliance                bagian Profil Pejabat                Executive Officers Profile
                      suara                     rights                    Head of                   Eksekutif dalam Laporan              section in this Annual
                                                                          Compliance                Tahunan ini.                         Report.
                                                                          Division

 Aditya               Anggota tetap yang        permanent member          Kepala Divisi Risk        Profil dapat dilihat pada            Profiles can be seen in the
 Subiyanto            tidak memiliki hak        without voting            Business Control          bagian Profil Pejabat                Executive Officers Profile
                      suara                     rights                    Head of Risk              Eksekutif dalam Laporan              section in this Annual
                                                                          Business Control          Tahunan ini.                         Report.
                                                                          Division

*) Telah diangkat berdasarkan keputusan sirkuler Pemegang Saham tanggal 04 Desember 2025 dan telah lulus Penilaian Kemampuan & Kepatutan oleh Otoritas Jasa Keuangan /
    Appointed based on the Circular Resolution of the Shareholders dated December 4, 2025 and has passed the Fit and Proper Test conducted by Otoritas Jasa Keuangan.
**) Telah diangkat berdasarkan keputusan sirkuler Pemegang Saham tanggal 04 Desember 2025 dan masih dalam proses Penilaian Kemampuan & Kepatutan oleh Otoritas Jasa
    Keuangan / Appointed based on the Circular Resolution of the Shareholders dated December 4, 2025 and is currently in the process of the Fit and Proper Test conducted by
    Otoritas Jasa Keuangan.



INDEPENDENSI KOMITE KEBIJAKAN PERKREDITAN                                                 INDEPENDENCE OF THE CREDIT POLICY COMMITTEE


Seluruh anggota Komite tidak memiliki afiliasi dengan Direktur                            All members of the Committee are not affiliated with other
lainnya, Komisaris maupun Pemegang Saham Pengendali,                                      Directors, Commissioners or Controlling Shareholders, are not
bukan merupakan pemegang saham Perusahaan yang dapat                                      shareholders of the Company which may affect their ability to
mempengaruhi kemampuannya untuk bertindak independen,                                     act independently, Commissioners, Directors or employees of
Komisaris, Direktur maupun karyawan dari perusahaan yang                                  companies that have affiliation or business with the Bank.
memiliki afiliasi maupun bisnis dengan Bank.




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RAPAT DAN PELAKSANAAN TUGAS KOMITE KEBIJAKAN                               MEETINGS AND IMPLEMENTATION OF THE TASKS OF THE
PERKREDITAN                                                                CREDIT POLICY COMMITTEE


Komite Kebijakan Perkreditan mengadakan rapat sekurang-                    The Credit Policy Committee held meetings at least 4 (four)
kurangnya 4 (empat) kali dalam 1 (satu) tahun, atau setiap                 times within 1 (one) year, or at any time as deemed necessary
waktu bilamana dipandang perlu atas permintaan seorang atau                upon the request of one or more Committee members, or upon
lebih anggota Komite, atau atas permintaan Direksi, atau atas              the request of the Board of Directors, or based on a written
usulan tertulis dari bidang terkait yang menyampaikan hal-hal              proposal from the relevant function submitting matters to
yang akan dibahas dan diputuskan melalui koordinasi dengan                 be discussed and decided, through coordination with the
Sekretaris Komite.                                                         Committee Secretary.


Selama tahun 2025 beberapa agenda penting yang dilakukan                   During 2025 several important agendas carried out through
melalui rapat antara lain:                                                 meetings include:



  No    Tanggal Rapat                 Agenda Rapat                                  Peserta                              Participant
         Meeting Date                Meeting Agenda

  1       7 Januari 2025   Usulan Penyesuaian Manual Produk           1.   Direktur Business                 1.   Director of Business
         January 7, 2025   Kredit Mikro Modul Kredit Usaha Rakyat     2.   Direktur Finance, Risk &          2.   Director of Finance, Risk &
                           Proposal for the Adjustment of the Micro        Operation                              Operations
                           Credit Product Manual for the People’s     3.   Direktur IT & Digital             3.   Director of IT & Digital
                           Business Credit (KUR) Module.              4.   Direktur Compliance & Control     4.   Director of Compliance &
                                                                      5.   Divisi Risk Management                 Control
                                                                      6.   Divisi Consumer Business &        5.   Risk Management Division
                                                                           Recovery                          6.   Consumer Business &
                                                                      7.   Divisi Corporate Secretary &           Recovery Division
                                                                           Legal                             7.   Corporate Secretary & Legal
                                                                                                                  Division

  2       8 Januari 2025   Usulan Perluasan Target Market Produk      1.   Direktur Utama                    1.   President Director
         January 8, 2025   New Kredit Mantap Pra Pensiun (New         2.   Direktur Business                 2.   Director of Business
                           KMPP)                                      3.   Direktur Finance, Risk &          3.   Director of Finance, Risk &
                           Proposal for the Expansion of the               Operation                              Operations
                           Target Market for the New Mantap Pre-      4.   Direktur IT & Digital             4.   Director of IT & Digital
                           Retirement Credit (New KMPP) Product.

  2         16 September   Penambahan Kuota Platinum Plus &           1.   Plt. Direktur Utama               1.   Acting President Director
                2025       Penyesuaian RAC New KMPP                   2.   Direktur Finance, Risk &          2.   Director of Finance, Risk &
            16 September   Increase in Platinum Plus Quota and             Operations                             Operations
                2025       Adjustment of the Risk Acceptance          3.   Direktur IT & Digital             3.   Director of IT & Digital
                           Criteria (RAC) for New KMPP.               4.   Divisi Risk Management            4.   Risk Management Division
                                                                      5.   Divisi Compliance                 5.   Compliance Division
                                                                      6.   Divisi Pension Business           6.   Pension Business Division
                                                                      7.   Divisi Distribution & Portfolio   7.   Distribution & Portfolio
                                                                           Management                             Management Division
                                                                      8.   Divisi SPM & Accounting           8.   Accounting & Financial
                                                                                                                  Reporting (SPM & Accounting)
                                                                                                                  Division

  3     15 Oktober 2025    Update KMPP Grace Period                   1.  Plt. Direktur Utama                1.  Acting President Director
        October 15, 2025   KMPP Grace Period Update                   2.  Direktur Finance, Risk &           2.  Director of Finance, Risk &
                                                                          Operations                             Operations
                                                                      3. Direktur IT & Digital               3. Director of IT & Digital
                                                                      4. Divisi Risk Management              4. Risk Management Division
                                                                      5. Divisi Compliance                   5. Compliance Division
                                                                      6. Divisi Pension Business             6. Pension Business Division
                                                                      7. Divisi IT Planning &                7. IT Planning & Development
                                                                          Development                            Division
                                                                      8. Divisi Digital Transformation       8. Digital Transformation Division
                                                                      9. Divisi Distribution & Portfolio     9. Distribution & Portfolio
                                                                          Management                             Management Division
                                                                      10. Divisi SPM & Accounting            10. Accounting & Financial
                                                                                                                 Reporting (SPM & Accounting)
                                                                                                                 Division




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                                                                                                        PT Bank Mandiri Taspen




Penerapan Tata Kelola Dalam Pemberian                            Implementation of Good Corporate
Remunerasi Bagi Bank Umum                                        Governance in Providing Remuneration for
                                                                 Commercial Banks

Komite Remunerasi dan Nominasi                                   Remuneration and Nomination Committee

Komite Remunerasi dan Nominasi telah dijelaskan pada             The Remuneration and Nomination Committee has been
Sub Judul Komite Remunerasi dan Nominasi Bab Tata Kelola         explained in the Remuneration and Nomination Committee
Perusahaan dalam Laporan Tahunan ini. Bank telah membentuk       Sub Title of the Corporate Governance Chapter in this Annual
komite remunerasi dan nominasi dengan susunan keanggotaan        Report. The Bank has formed a remuneration and nomination
sesuai peraturan yang berlaku, selama tahun 2025 remunerasi      committee with a membership composition in accordance with
yang diterima anggota Komite Remunerasi dan Nominasi             applicable regulations, sthroughout 2025, the remuneration
sebesar Rp14.221.993.670.                                        received by members of the Remuneration and Nomination
                                                                 Committee amounted to IDR14,221,993,670.


Proses Penyusunan Kebijakan Remunerasi                           Remuneration Policy Formulation Process

Mengacu pada Peraturan OJK No. 45/POJK.03/2015 dan               Referring to OJK Regulation No. 45/POJK.03/2015 and
Surat Edaran OJK No. 40/SEOJK.03/2016 tentang Penerapan          OJK Circular Letter No. 40/SEOJK.03/2016 concerning
Tata Kelola dalam Pemberian Remunerasi bagi Bank Umum,           Implementation of Governance in Providing Remuneration
Bank Mandiri Taspen telah menerapkan kebijakan remunerasi        for Commercial Banks, Bank Mandiri Taspen implemented
yang tertuang dalam Standar Prosedur Remunerasi No.              a remuneration policy set forth in Standard Remuneration
SP/001.B/2017 tanggal 10 Maret 2017 dan telah disesuaikan        Procedure No. SP/001.B/2017 dated March 10, 2017 and had
dengan penerapan Standar Prosedur edisi kedua No. SP/008/        been adjusted to the implementation of the second edition of
IX/2019 tanggal 16 September 2019. Remunerasi merupakan          Standard Procedure No. SP/008/IX/2019 dated September
imbalan yang ditetapkan dan diberikan kepada Dewan               16, 2019. Remuneration was a reward that was determined
Komisaris, Direksi dan/atau pegawai baik yang bersifat tetap     and given to the Board of Commissioners, Directors and/or
maupun variabel dalam bentuk tunai maupun tidak tunai sesuai     employees both permanent and variable in cash or in cash
dengan tugas, wewenang, dan tanggung jawabnya. Penerapan         in accordance with their duties, powers and responsibilities.
tata kelola dalam pemberian remunerasi bertujuan untuk           The implementation of governance in providing remuneration
mendorong dilakukannya prudent risk taking sehingga dapat        aimed to encourage prudent risk taking so as to maintain the
menjaga kelangsungan usaha Bank Mandiri Taspen.                  continuity of Bank Mandiri Taspen business.


Cakupan Kebijakan Remunerasi dan                                 Scope of Remuneration Policy and its
Implementasinya Per Unit Bisnis, Per Wilayah                     Implementation Per Business Unit, Per Region
dan Pada Perusahaan Anak atau Kantor                             and in Subsidiaries or Branch Offices Located
Cabang Yang Berlokasi di Luar Negeri                             Overseas

Kebijakan remunerasi adalah imbalan yang ditetapkan dan          Remuneration Policy is a reward that is determined and
diberikan kepada Direksi, anggota Dewan Komisaris, dan/atau      given to the Board of Directors, Members of the Board of
Pegawai baik yang bersifat tetap maupun variabel dalam bentuk    Commissioners, and/or Employees both fixed and variable in
tunai maupun tidak tunai sesuai dengan tugas, wewenang, dan      the form of cash or non-cash in accordance with their duties,
tanggung jawabnya.                                               authorities, and responsibilities.
Penetapan Remunerasi terdiri dari:                               Remuneration Determination consists of:
1. Remunerasi yang bersifat tetap                                1. Permanent remuneration
    Remunerasi yang tidak dikaitkan dengan kinerja dan risiko,       Remuneration associated with performance and risk,
    antara lain gaji pokok, fasilitas, tunjangan perumahan,          including basic salary, facilities, housing allowance, health
    tunjangan kesehatan, tunjangan pendidikan, tunjangan hari        allowance, education allowance, holiday and pension
    raya dan pensiun.                                                allowances.


   Dalam implementasinya Bank memberikan gaji pokok                  In its implementation, the Bank provides basic salaries
   kepada pegawai sesuai dengan standar rentang imbal jasa           to employees in accordance with the standard range of
   yang ditetapkan oleh Direksi dan ditetapkan melalui Rapat         remuneration set by the Board of Directors and determined
   Direksi dan dituangkan dalam suatu Surat Keputusan                through a Board of Directors Meeting and set forth in a Board
   Direksi. Pemberian berbagai tunjangan dan/atau fasilitas          of Directors Decree. The provision of various allowances




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   untuk pegawai diatur lebih jauh dalam Standar Prosedur          and/ or facilities for employees is further regulated in the
   Sumber Daya Manusia (SPSDM) dan Petunjuk Teknis                 Standard Procedure for Human Resources (SPSDM) and
   Sumber Daya Manusia (PTSDM), yang digunakan sebagai             the Technical Guidelines for Human Resources (PTSDM),
   acuan unit kerja dan/atau pegawai yang mengelola                which are used as a reference for work units and/ or
   kepegawaian. Implementasi kebijakan remunerasi yang             employees managing personnel. The implementation of the
   tertuang dalam SPSDM/PTSDM di antaranya mengatur                remuneration policy contained in SPSDM/PTSDM, among
   tentang:                                                        other things, regulates:
   • Tunjangan apa saja yang menjadi hak pegawai.                  • What benefits are the rights of employees.
   • Kapan tunjangan tersebut diberikan dan/atau tidak             • When the benefits were given and/or not given.
       diberikan.
   • Jabatan apa saja yang berhak atas berbagai tunjangan.         •   What positions are entitled to various benefits.
   • Besaran/nilai nominal tunjangan sesuai dengan level           •   Amount/nominal value of allowances according to
       jabatan.                                                        position level.
   • Kriteria penerima tunjangan/fasilitas sesuai level            • The criteria for receiving allowances/facilities are
       jabatan, masa kerja, status pegawai.                            according to position level, years of service, and
                                                                       employee status.
2. Remunerasi yang bersifat Variabel                            2. Variable remuneration
   Remunerasi yang dikaitkan dengan kinerja dan risiko,            Remuneration was associated with performance and risk,
   antara lain bonus atau bentuk lainnya yang dipersamakan         including bonuses or other forms of equivalent. Variable
   dengan itu. Kebijakan Remunerasi yang bersifat Variabel         Remuneration Policy was given in cash.
   diberikan dalam bentuk tunai.


   Bank memberikan remunerasi yang bersifat variabel berupa        The Bank provides variable remuneration in the form of a
   penghargaan Bank atas pencapaian kinerja pegawai pada           Bank award for the achievement of employee performance
   periode tertentu. Bonus diberikan secara tunai dengan           in a certain period. Bonuses are given in cash with due
   tetap memperhatikan strategi bisnis dan kemampuan               observance of the Bank’s business strategy and capabilities.
   Bank. Pemberiannya dikelompokkan sebagai berikut:               The gifts are grouped as follows:
   1) Short term reward                                            1) Short term reward
       a. Bonus kinerja, besaran bonus ditetapkan                      a. Performance bonus, the amount of the bonus
          berdasarkan hasil kinerja individu pegawai, kinerja              is determined based on the results of individual
          unit dan kinerja Bank secara keseluruhan.                        employee performance, unit performance and
                                                                           overall Bank performance.
      b. Program–program bonus lainnya dengan bentuk,                  b. Other bonus programs with the form, amount and
          jumlah dan syarat pemberian yang ditetapkan oleh                 terms of provision as determined by the Board of
          Direksi                                                          Directors
      c. Sales incentive, diberikan atas pencapaian target             c. Sales incentives, are given for the achievement of
          yang bersifat sales/transactional atau berdampak                 sales/ transactional targets or have a direct impact
          langsung pada pendapatan Bank                                    on the Bank’s revenue
   2) Long term reward                                             2) Long term reward
      Bank dapat memberikan retention program untuk                    Banks can provide retention programs to attract,
      menarik, mempertahankan dan memotivasi top talent                retain and motivate top talents and employees who
      dan pegawai pemegang jabatan–jabatan tertentu.                   hold certain positions. The requirements for granting
      Syarat pemberian retention program ditetapkan oleh               retention programs are set by the Board of Directors.
      Direksi.


   Implementasi kebijakan remunerasi yang dijelaskan di atas       The implementation of the remuneration policy described
   berlaku untuk seluruh unit kerja dan seluruh pegawai baik       above applies to all work units and all employees both at
   di kantor pusat maupun di jaringan kantor.                      the head office and in office networks.


Remunerasi yang Dikaitkan dengan Risiko                         Risk-Associated Remuneration

Dalam memberikan remunerasi Bank Mandiri Taspen                 In providing remuneration, Bank Mandiri Taspen observes
memperhatikan prinsip-prinsip kehati-hatian yang bertujuan      prudential principles aimed at encouraging Prudent Risk
untuk mendorong dilakukannya Prudent Risk Taking, dalam         Taking, in order to maintain Bank Mandiri Taspen’s business
rangka menjaga kelangsungan usaha Bank Mandiri Taspen.          continuity. The determination of the performance measurement




    676                                                                                                  Laporan Tahunan 2025
Page 677
                                                                                                        PT Bank Mandiri Taspen




Penentuan metode pengukuran kinerja dan jenis risiko dalam       method and type of risk in determining the remuneration that
menetapkan pemberian remunerasi yang bersifat variabel           is variable in nature is adjusted to the scale and complexity of
disesuaikan dengan skala dan kompleksitas kegiatan usaha         Bank Mandiri Taspen’s business activities. In determining the
Bank Mandiri Taspen. Dalam menetapkan kebijakan remunerasi,      remuneration policy, Bank Mandiri Taspen takes into account
Bank Mandiri Taspen memperhatikan jenis, kriteria, dampak        the types, criteria, impacts and changes in determining the main
serta perubahan penentuan jenis risiko utama yang disesuaikan    types of risk that are adjusted to current and future conditions.
dengan kondisi saat ini dan yang akan datang.


Pengukuran Kinerja Dikaitkan dengan                              Performance Measurement Associated with
Remunerasi                                                       Remuneration

Dalam pemberian remunerasi, Bank Mandiri Taspen melakukan        In providing remuneration, Bank Mandiri Taspen measures
pengukuran kinerja yang dikaitkan dengan remunerasi, sebagai     performance related to remuneration, as follows:
berikut:
1. Tinjauan mengenai kebijakan remunerasi yang dikaitkan         1. Review of remuneration policies related to performance
    dengan penilaian kinerja.                                       appraisal.
2. Metode dalam mengaitkan remunerasi individu dengan            2. Methods of linking individual remuneration with work unit
    kinerja unit kerja.                                             performance.
3. Metode dalam mengaitkan remunerasi individu dengan            3. Methods of linking individual remuneration with work unit
    kinerja unit kerja dan kinerja Bank Mandiri Taspen.             performance and Bank Mandiri Taspen performance.


Dalam hal metode yang digunakan Bank Mandiri Taspen              In terms of the method used by Bank Mandiri Taspen for states
untuk menyatakan bahwa kinerja (key performance indicator)       that the performance (key performance indicator) is agreed
yang disepakati tidak dapat tercapai, sehingga perlu dilakukan   can not be achieved, so it needs to be done adjustments to
penyesuaian atas indikator dan/atau besaran penyesuaian          indicators and/or the amount of adjustments remuneration.
remunerasi.


Penerapan strategi remunerasi dilaksanakan dengan                The implementation of the remuneration strategy is carried
memperhatikan kinerja dari tiap-tiap individu pegawai (based     out by taking into account the performance of each individual
on performance), kinerja unit kerja dan kinerja Bank Mandiri     employee (based on performance), the performance of work
Taspen secara keseluruhan, dan tetap di dalam anggaran yang      units and the performance of Bank Mandiri Taspen as a whole,
ditetapkan.                                                      and remains within the set budget.


Penyesuaian Remunerasi Dikaitkan dengan                          Remuneration Adjustment Linked to
Kinerja dan Risiko                                               Performance and Risk

Bank menentukan metode pengukuran kinerja dan jenis risiko       The Bank determines the performance measurement method
dalam menetapkan pemberian Remunerasi yang Bersifat              and types of risk in determining the provision of Variable
Variabel bagi Direksi, Dewan Komisaris, dan Pegawai Bank         Remuneration for Directors, Board of Commissioners, and Bank
berdasarkan:                                                     Employees based on:
1. Kinerja, yang mencakup:                                       1. Performance, which includes:
    a. Kinerja Direksi, Dewan Komisaris dan Pegawai.                a. Performance of the Board of Directors, Board of
                                                                         Commissioners and Employees.
   b. Kinerja Unit Bisnis.                                          b. Business Unit Performance.
   c. Kinerja Bank.                                                 c. Bank Performance.
2. Risiko                                                        2. Risk
   merupakan Pengukuran Kinerja dan Risiko dalam                    is a performance and risk measurement in determining the
   penetapan besaran Remunerasi yang diberikan, pengaturan          amount of remuneration given, remuneration arrangements
   Remunerasi diatur lebih lanjut dalam Standar Prosedur            are further stipulated in the Bank’s Standard Remuneration
   Remunerasi Bank.                                                 Procedure.


   Kebijakan remunerasi baik yang bersifat tetap maupun              Fixed and variable remuneration policies for the Board
   variabel untuk Dewan Komisaris dan Direksi diajukan dan/          of Commissioners and Directors are proposed and/or
   atau ditetapkan oleh Rapat Umum Pemegang Saham.                   determined by the General Meeting of Shareholders.




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    Penetapan keputusan remunerasi didasarkan atas                 Determination of remuneration decisions is based on risk
    pertimbangan risiko dan kinerja, keselarasan dengan            and performance considerations, alignment with financial
    kinerja finansial, maupun hasil penilaian kinerja serta        performance, as well as performance assessment results as
    kesetaraan dengan bank lain yang sejenis juga strategi         well as equality with other similar banks as well as the bank’s
    dan sasaran jangka panjang bank. Dewan Komisaris dan           long-term strategy and goals. The Board of Commissioners
    Direksi dan pegawai level tertentu selanjutnya ditetapkan      and Directors and certain level employees are subsequently
    sebagai Material Risk Taker (MRT), penetapan MRT               designated as Material Risk Taker (MRT), the determination
    dilakukan dengan menggunakan pendekatan kualitatif dan         of the MRT is carried out using qualitative and quantitative
    kuantitatif.                                                   approaches.



Nama Konsultan Ekstern dan Tugas Konsultan                         Name of External Consultant and Consultant
Terkait Kebijakan Remunerasi                                       Duties Related to Remuneration Policy

Dalam menetapkan kebijakan remunerasi, Bank Mandiri Taspen         In determining remuneration policies, Bank Mandiri Taspen
tidak menggunakan jasa konsultasn ekternal.                        does not use external consulting services.


Paket/Kebijakan Remunerasi dan Fasilitas Lain                      Remuneration Package/ Policy and other
bagi Dewan Komisaris dan Direksi                                   Facilities for The Board of Commissioners and
                                                                   The Board of Directors

Paket/kebijakan remunerasi dan jenis fasilitas lain bagi anggota   Remuneration package/policy and other types of facilities
Dewan Komisaris dan Direksi, antara lain meliputi:                 for members of the Board of Commissioners and Board of
                                                                   Directors, including among others:
1) Remunerasi dalam bentuk non natura, termasuk gaji dan           1) Remuneration in the form of non-natura, including salary
   penghasilan tetap lainnya, antara lain tunjangan (benefit),         and other fixed income, including benefits, bonuses and
   tantiem dan bentuk remunerasi lainnya;                              other forms of remuneration;
2) Fasilitas lain dalam bentuk natura/non natura yakni             2) Other facilities in the form of natura/non-natura, namely
   penghasilan tidak tetap lainnya, termasuk tunjangan untuk           other irregular income, including allowances for housing,
   perumahan, transportasi, asuransi kesehatan dan fasilitas           transportation, health insurance and other facilities, which
   lainnya, yang dapat dimiliki maupun tidak dapat dimiliki.           may or may not be owned.


Pengungkapan paket/kebijakan remunerasi dan fasilitas lain         Disclosure of remuneration packages/policies and other facilities
bagi anggota Dewan Komisaris dan Direksi pada tahun 2025.          for members of the Board of Commissioners and Directors in
                                                                   2025.
1) Paket/Kebijakan remunerasi dan fasilitas lain bagi anggota      1) Remuneration package/policy and other facilities for
   Dewan Komisaris dan Direksi Bank Mandiri Taspen:                    members of the Board of Commissioners and Board of
                                                                       Directors of Bank Mandiri Taspen:




    678                                                                                                       Laporan Tahunan 2025
Page 679
                                                                                                                           PT Bank Mandiri Taspen




                                                                                                   Jumlah Diterima dalam 1 Tahun
                                                                                                     Amount Received in 1 Year

                         Jenis Remunerasi dan
                                                                                            Direksi                   Dewan Komisaris
                              Fasilitas lain
                                                                                       Board of Directors           Board of Commissioners
               Types of Remuneration and Other Facilities

                                                                                    Orang            Juta (Rp)       Orang               Juta (Rp)
                                                                                    Person          Million (IDR)    Person             Million (IDR)

     Gaji, bonus, tunjangan rutin, tantiem, dan fasilitas lainnya dalam
     bentuk non-natura
                                                                                                       28,845                               10,755
     Salary, bonus, routine allowance, tantiem, and other facilities in
     non-natura form

     Fasilitas lain dalam bentuk natura (perumahan, transportasi,
     asuransi kesehatan dan sebagainya) yang*):                                        8                                   7
     a. dapat dimiliki
     b. tidak dapat dimiliki
                                                                                                        3,253                                  1,191
     Other facilities in the form ofin-kind (housing, transportation,
     health insurance, etc.) which*):
     a. can be owned
     b. cannot be owned

     Total                                                                             8               32,098              7                11,946

   *) Dinilai dalam ekuivalen rupiah. / Valued in rupiah equivalent.

2) Jumlah anggota Dewan Komisaris dan Direksi yang                                2) The number of members of the Board of Commissioners
   menerima paket Remunerasi dalam 1 (satu) tahun yang                               and Board of Directors who received the Remuneration
   dikelompokkan sesuai tingkat penghasilan sebagai berikut:                         package in 1 (one) year, grouped according to income levels
                                                                                     as follows:
                                                                                                                               (satuan orang / unit person)


                                                                                                         Jumlah                    Jumlah
                                                          Amount of Remuneration per
        Jumlah Remunerasi per Orang                                                                      Direksi                Dewan Komisari
                                                         Number of Board of Person in 1
              dalam 1 tahun *)                                                                       Number of Directors       Number of Board of
                                                                    year *)
                                                                                                                                Commissioners s

     di atas Rp 2 miliar                               above IDR 2 billion                                      5                          4

     di atas Rp 1 miliar s.d. Rp 2 miliar              above IDR 1 billion up to IDR 2 billion                  -                          -

     di atas Rp 500 juta s.d. Rp 1 miliar              above IDR 500 million up to IDR 1 billion                -                          -

     Rp 500 juta ke bawah                              IDR 500 million and below                                8                          5

    *) yang diterima secara tunai / received in cash




Remunerasi yang Bersifat Variabel                                                 Variable Remuneration

Bank memberikan remunerasi yang bersifat variabel berupa                          The Bank provides variable remuneration in the form of Bank
penghargaan Bank atas pencapaian kinerja pegawai pada                             awards for employee performance achievements in a certain
periode tertentu. Bonus diberikan secara tunai dengan tetap                       period. Bonuses are given in cash while taking into account the
memperhatikan strategi bisnis dan kemampuan Bank.                                 Bank’s business strategy and capabilities.


Jumlah Direksi, Dewan Komisaris dan Pegawai                                       Number of Directors, Board of Commissioners
yang Menerima Remunerasi yang Bersifat                                            and Employees Receiving Variable
Variabel Selama 1 (Satu) Tahun                                                    Remuneration for 1 (One) Year

Anggota Dewan Komisaris, Direksi, Pegawai yang menerima                           Members of the Board of Commissioners, Directors, Employees
Remunerasi yang bersifat variabel selama 1 (satu) tahun dan                       who receive variable Remuneration for 1 (one) year and the
total nominal sebagaimana dalam tabel di bawah ini:                               total nominal is as shown in the table below:




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                                              Remunerasi yang Bersifat Variabel
                                                  Variable Remuneration

                                                                                                      Jumlah                 Jumlah
  Jumlah Remunerasi per Orang dalam 1         Amount of Remuneration per Person in                    Orang                 Juta (Rp)
               tahun *)                                    1 year *)                                 Number of            Number Million
                                                                                                      people                  (IDR)

 Direksi                                     Board of Directors                                             13                 7,373

 Dewan Komisaris                             Board of Commissioners                                          9                 2,395

 Pegawai                                     Employees                                                  3.956                204,510



Jabatan dan Jumlah Pihak yang Menjadi Material                          Position and Number of Parties to be Material
Risk Taker (MRT)                                                        Risk Taker (MRT)

Seluruh anggota Dewan Komisaris dan Direksi Bank Bank                   All members of the Board of Commissioners and the Board
Mandiri Taspen karena tugas dan tanggung jawabnya                       of Directors of Bank Mandiri Taspen, due to their duties and
berdampak signifikan terhadap profil risiko Bank dan menerima           responsibilities which have a significant impact on the Bank’s
remunerasi yang bersifat variabel dengan nilai besar maka               risk profile and their receipt of substantial variable remuneration,
ditetapkan sebagai Material Risk Taker. Demikian pula pegawai           were designated as Material Risk Takers. Likewise, employees
yang menerima remunerasi bersifat variabel dengan nilai besar           receiving significant variable remuneration were also classified
juga termasuk sebagai Material Risk Taker. Pada tahun 2025              as Material Risk Takers. In 2025, no variable remuneration
tidak ada pembayaran remunerasi variable yaitu Tantiem atas             payments in the form of tantiem were made for the 2024
kinerja tahun 2024. Anggota Dewan Komisaris dan Direksi                 performance year. As of 31 December 2025, the Board of
Bank Bank Mandiri Taspen periode 31 Desember 2025                       Commissioners and the Board of Directors of Bank Mandiri
berjumlah 15 orang.                                                     Taspen comprised 15 members.

Shares Option yang Dimiliki Direksi, Dewan                              Shares Option of the Board of Directors, Board
Komisaris, dan Pejabat Eksekutif                                        of Commissioners and Executive Officers


                                                                        Jumlah Opsi
                                                                      Number of Options
                             Jumlah Saham yang
                                   dimiliki                                           yang telah              Harga            Jangka
    Keterangan /Nama
                               (lembar saham)                                         dieksekusi            Opsi (Rp)          Waktu
    Description / Name                               Yang diberikan
                              Number of Shares                                     (lembar saham)           Price (IDR)      Time period
                               Owned (shares)        (lembar saham)
                                                                                   which has been
                                                    Given (stock sheet)
                                                                                   executed (stock
                                                                                        sheet)

 Komisaris
 Board of                -            -                           -                         -                    -                -
 Commissioner

 Direksi
                         -            -                           -                         -                    -                -
 Board of Directors

 Pej.Eksekutif
                         -            -                           -                         -                    -                -
 Acting Eksekutif

 Total                   -            -                           -                         -                    -                -




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Rasio Gaji Tertinggi dan Terendah                                     Highest and Lowest Salary Ratio

Rasio gaji tertinggi dan terendah, dalam skala perbandingan           The ratios of the highest and lowest salaries, on a scale of
adalah sebagai berikut:                                               comparison, are as follows:
a. Rasio gaji pegawai*) yang tertinggi dan terendah : 1: 34.95        a. The highest and lowest employee salary ratio*) : 1: 34.95
b. Rasio gaji Direksi yang tertinggi dan terendah : 1: 1.18           b. The highest and lowest Director salary ratio : 1: 1.18
c. Rasio gaji Komisaris yang tertinggi dan terendah : 1: 1.11         c. The highest and lowest Commissioner salary ratio : 1: 1.11
d. Rasio gaji Direksi tertinggi dan pegawai tertinggi : 1: 2.83       d. The highest Director salary ratio and the highest employee
*) Yang dimaksud dengan pegawai adalah pegawai tetap Bank                salary ratio : 1: 2.83
                                                                      *) Employees were defined as permanent employees of the Bank up to the executive
sampai batas pelaksana.                                               level.




Jumlah Penerima dan Jumlah Total Remunerasi                           Number of Beneficiaries and Total Amount
yang Bersifat Variabel yang Dijamin Tanpa                             of Remuneration that are Unconditionally
Syarat                                                                Guaranteed Variable

Selama tahun 2025, tidak terdapat jumlah penerima dan jumlah          During 2025, there are no number of beneficiaries and total
total remunerasi yang bersifat variabel yang dijamin tanpa            variable remuneration that are unconditionally guaranteed.
syarat.


Jumlah Pegawai yang Terkena Pemutusan                                 Number of Beneficiaries and Total Amount
Hubungan Kerja                                                        of Remuneration that are Unconditionally
                                                                      Guaranteed Variable


         Jumlah Nominal Pesangon yang
                                                       Nominal Amount of Severance Pay Paid per                        Jumlah Pegawai
             Dibayarkan per Orang
                                                                Person in 1 (One) Year                               Number of Employees
              dalam 1 (Satu) Tahun

 Di atas Rp1 miliar                                  Above IDR 1 billion                                                           -

 Di atas Rp500 juta s.d Rp1 miliar                   Above IDR 500 million to IDR 1 billion                                        -

 Rp500 juta ke bawah                                 IDR 500 million and below                                                     -



Jumlah Total Remunerasi yang Bersifat Variabel                        Total Amount of Deferred Variable
yang Ditangguhkan                                                     Remuneration

Jumlah total remunerasi yang bersifat variabel yang                   The total deferred variable remuneration during 2025 amounted
ditangguhkan selama tahun 2025 senilai Rp5,889,064,000.               to IDR5,889,064,000.

Jumlah Total Remunerasi yang Bersifat Variabel                        Total Amount of Deferred Variable
yang Ditangguhkan yang Dibayarkan Selama 1                            Remuneration Paid for 1 (One) Year
(Satu) Tahun

Tidak dapat terdapat remunerasi variabel yang ditangguhkan            There was no deferred variable remuneration paid in 2025.
yang dibayarkan pada tahun 2025.




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Jumlah Remunerasi yang Diberikan Dalam Satu                               Total Remuneration Provided In One Year
Tahun


                                                   A. Remunerasi yang Bersifat Tetap *)
                                                        A. Fixed Remuneration *)

 Tunai                                   Cash                                                     Rp34,765,146,953

 Saham/ Instrumen yang berbasis          Shares/Share-based instruments
                                                                                                          -
 saham yang diterbitkan Bank             issued by the Bank.


                                                 B. Remunerasi yang Bersifat Variabel *)
                                                       B. Variable Remuneration *)

                                                                                 Tidak Ditangguhkan              Ditangguhkan
                                                                                    Not Suspended                Not Suspended

 Tunai                                   Cash                                      Rp. 4,834,360,000            Rp. 5,889,064,000

 Saham/instrumen yang berbasis           Shares/Share-based instruments
                                                                                           -                              -
 saham yang diterbitkan Bank             issued by



Informasi Kuantitatif                                                     Quantitative Information


                                                                                   Total Pengurangan Selama Periode Laporan
                                                                                     Total Reduction During Reporting Period
                                                         Sisa yang Masih
   Jenis Remunerasi yang Bersifat Variabel *)             Ditangguhkan         Disebabkan          Disebabkan
        Variable Types of Remuneration *)                   Remaining          Penyesuaian         Penyesuaian
                                                             Pending                                                           Total
                                                                               Eksplisit (A)        Implisit (B)
                                                                                                                              (A)+(B)
                                                                              Due to Explicit     Due to Implicit
                                                                              Adjustment (A)      Adjustment (B)

 Tunai
                                                          5,889,064,000               -                   -                      -
 Cash

 Saham/Instrumen yang berbasis saham yang
 diterbitkan Bank (dalam lembar saham dan nominal
 juta rupiah yang merupakan konversi dari lembar
 saham tersebut)                                                -                     -                   -                      -
 Shares/Share-based instruments issued by the Bank
 (in share certificates and nominal millions of rupiah
 which is the conversion of the share certificates)




Akuntan Publik                                                            Public Accountant

Fungsi pengawasan independen terhadap aspek keuangan                      The independent supervisory function of the Bank’s financial
Bank dilakukan dengan melaksanakan pemeriksaan Audit                      aspects is carried out by carrying out an External Audit
Eksternal yang dilakukan oleh Kantor Akuntan Publik (KAP).                examination conducted by the Public Accounting Firm (KAP).
Auditor Eksternal yang memeriksa laporan keuangan Bank                    The External Auditor who examines the financial statements of
Mandiri Taspen tahun buku 2024 ditetapkan melalui RUPS                    Bank Mandiri Taspen for the 2024 financial year is appointed
Tahunan berdasarkan rekomendasi dari Dewan Komisaris dan                  through the Annual GMS based on recommendations from
Komite Audit. Proses pemilihannya dilakukan sesuai dengan                 the Board of Commissioners and the Audit Committee. The
mekanisme pengadaan barang dan jasa yang berlaku. Untuk                   selection process is carried out following the applicable
menjamin independensi dan kualitas hasil pemeriksaan,                     goods and services procurement mechanism. To ensure the
Auditor Eksternal yang ditunjuk tidak boleh memiliki benturan             independence and quality of the audit results, the appointed
kepentingan dengan Bank.                                                  External Auditor must not have a conflict of interest with the
                                                                          Bank.




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                                                                                                         PT Bank Mandiri Taspen




Penunjukan Kantor Akuntan Publik                                    Public Accountant Firm Appointment

Penunjukan Kantor Akuntan Publik dan Akuntan Publik                 The appointment of Public Accounting Firms and Public
dilakukan sesuai dengan ketentuan yang berlaku, antara lain:        Accountants was conducted in accordance with applicable
                                                                    regulations, including:
a. Merupakan Kantor Akuntan Publik dan Akuntan Publik               a. Public Accounting Firm and Public Accountants (partner
   (partner in-charge) yang terdaftar di Otoritas Jasa                  in- charge) had been registered with the Financial Services
   Keuangan.                                                            Authority.
b. Tidak memberikan jasa lain kepada Bank Mandiri Taspen            b. Not providing other services to Bank Mandiri Taspen in that
   pada tahun tersebut sehingga terhindar dari kemungkinan              year so it avoided possible conflicts of interest.
   benturan kepentingan.
c. Kantor Akuntan Publik (KAP) KAP Purwanto, Susanti & Surja        c. Public Accounting Firm (KAP) KAP Purwanto, Susanti
   dan Akuntan Publik (AP) Yovita untuk melakukan audit atas           & Surja and Public Accountant (AP) Yovita to conduct an
   laporan keuangan Bank Mandiri Taspen tahun buku yang                audit of Bank Mandiri Taspen’s financial statements for the
   berakhir 31 Desember 2025.                                          financial year ending December 31, 2025.
d. Dalam melaksanakan Fungsi Audit Ekstern, Kantor                  d. Performing the External Audit Function, the Public
   Akuntan Publik dan Akuntan Publik mampu bekerja secara              Accounting Firm and Public Accountants could work
   independen, memenuhi standar profesional akuntan                    independently and comply with the professional
   publik dan perjanjian kerja serta ruang lingkup audit yang          standards of public accountants and work agreements
   ditetapkan. Independensi akuntan publik dalam mengaudit             and the specified audit scope. The independence of
   laporan keuangan telah sesuai dengan Standar Auditing               public accountants in auditing financia statements was
   yang ditetapkan Ikatan Akuntan Indonesia.                           in accordance with the Auditing Standards set by the
                                                                       Indonesian Accountants Association.
e.   Hubungan antara Bank, Kantor Akuntan Publik, Akuntan           e. The relationship between the Bank, the Public Accounting
     Publik dan Otoritas Jasa Keuangan berjalan baik dan               Firm, the Public Accountant, and the Financial Services
     pelaksanaan audit berjalan lancar sehingga laporan auditor        Authority went well and the audit run smoothly so that the
     dapat diterima tepat pada waktunya.                               auditor’s report could be received on time.


Kantor Akuntan Publik, Nama Akuntan, Fee dan                        Public Accounting Firm, Name of Accountant,
Izin KAP                                                            Fees and KAP Permit

Tabel Kantor Akuntan Publik, Nama Akuntan, Fee dan Izin KAP
Table of Public Accountant Firm, Accountant Name, Fee and KAP License


                                                         Nama Akuntan (Partner
                                         Periode
     Tahun    Kantor Akuntan Publik                        PenanggungJawab)             Periode AP
                                          KAP                                                                      Fee
     Years    Public accounting firm                        Accountant Name              AP Period
                                        KAP Period
                                                          (Responsible Partner)

                  KAP Purwanto,            Kedua                                          Kedua
     2025                                                         Yovita                                     Rp1.650.000.000
                  Susanti & Surja          Second                                         Second

                 KAP Purwantono,          Pertama                                         Pertama
     2024                                                         Yovita                                     Rp1.550.000.000
                 Sungkoro & Surja           First                                           First

               Tanudiredja, Wibisana,     Pertama                                         Pertama
     2023                                                  Lucy Luciana Suhenda                              Rp1.400.000.000
                  Rintis & Rekan            First                                           First

                 KAP Purwantono,          Kedelapan                                       Pertama
     2022                                                         Yovita                                     Rp1.390.000.000
                 Sungkoro & Surja           Eighth                                          First

                 KAP Purwantono,           Ketujuh       Muhammad Dudi Kurniawan          Kedua              Rp1.390.000.000
     2021
                 Sungkoro & Surja          Seventh                                        Second

     2020        KAP Purwantono,           Keenam        Muhammad Dudi Kurniawan          Pertama            Rp1.265.000.000
                 Sungkoro & Surja           Sixth                                           First


Jasa Lain yang Diberikan Akuntan                                    Other Services Provided by Accountants

Selama tahun 2025, tidak terdapat jasa lain yang diberikan          During 2025, there were no other services provided by the
akuntan.                                                            auditor.




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Sistem Pengendalian Internal                                      Internal Control System

Sistem Pengendalian Intern Bank Mandiri Taspen mengacu            The Internal Control System of Bank Mandiri Taspen refers to
kepada Surat Edaran Otoritas Jasa Keuangan No. 35/                the Circular Letter of the Financial Services Authority No. 35/
SEOJK.03/2017 tanggal 7 Juli 2017 tentang Pedoman Standar         SEOJK.03/2017 dated July 7, 2017 concerning Guidelines
Sistem Pengendalian Intern Bagi Bank Umum. Pengendalian           for Internal Control System Standards for Commercial Banks,
intern merupakan suatu mekanisme pengawasan yang                  where internal control is a supervisory mechanism established
ditetapkan oleh manajemen Bank secara berkesinambungan            by the Bank’s management on an ongoing basis (on going
(on going basis) yang bertujuan untuk menjamin:                   basis) which aims to ensure:
1. Kepatuhan terhadap peraturan dan perundang-undangan            1. Compliance with applicable laws and regulations
    yang berlaku
    Untuk menjamin semua kegiatan usaha Bank telah                   To guarantee all bank business activities have been carried
    dilaksanakan sesuai ketentuan dan peraturan perundang-           out in accordance with the applicable laws and regulations,
    undangan yang berlaku, baik ketentuan yang dikeluarkan           both the provisions issued by the government, the bank
    pemerintah, otoritas pengawas Bank maupun kebijakan,             supervisory authority and internal policies, provisions and
    ketentuan dan prosedur intern yang ditetapkan Bank.              procedures determined by the bank.
2. Tersedianya informasi keuangan dan manajemen yang              2. Availability of correct, complete and timely financial and
    benar, lengkap dan tepat waktu                                   management information
    Untuk menyediakan laporan yang benar, lengkap,                   To provide correct, complete, timely and relevant reports
    tepat waktu dan relevan yang diperlukan dalam                    needed to make appropriate and accountable decisions
    rangka pengambilan keputusan yang tepat dan dapat
    dipertanggungjawabkan.
3. Efisiensi dan efektivitas dari kegiatan usaha Bank             3. Efficiency and effectiveness of bank business activities
    Untuk meningkatkan efektivitas dan efisiensi dalam               To increase effectiveness and efficiency in using assets and
    menggunakan aset dan sumber daya lainnya dalam rangka            other resources in order to protect the Bank from losses.
    melindungi Bank dari kerugian.
4. Meningkatkan efektivitas budaya risiko (risk culture)          4. Increasing the effectiveness of risk culture in the
    pada organisasi secara menyeluruh                                organization as a whole
    Untuk     mengidentifikasi    kelemahan    dan    menilai        To identify weaknesses and assess deviations early.
    penyimpangan secara dini.


Sistem Pengendalian Internal Bank                                 The Bank Internal Control System

Dalam Arsitektur Kebijakan Bank Mandiri Taspen, telah             In the Policy Architecture of Bank Mandiri Taspen, it has been
diatur suatu Kebijakan Pengendalian yang terdiri dari 3 (tiga)    stipulated a set of Control Policy consists of 3 (three) policies,
kebijakan, yaitu:                                                 they are:
1. Kebijakan Internal Audit                                       1. Internal Audit Policy
    Kebijakan Internal Audit mengacu pada regulasi dan                Internal Audit Policy refers to the regulation and reference
    referensi yang diterbitkan organisasi profesi Internal            issued by Internal Audit professional organization. The
    Audit. Fungsi Internal Audit dibentuk untuk memastikan            function of Internal Audit made to ensure the effectiveness
    efektivitas Internal Control, Risk Management dan Good            of Internal Control, Risk, Management and Good Corporate
    Corporate Governance (GCG) sehingga visi dan misi Bank            Governance (GCG). Therefore, the Bank’s vision and
    dapat tercapai dengan efektif dan efisien.                        mission may be effectively and efficiently accomplished.
2. Kebijakan Kepatuhan dan Hukum                                  2. Compliance and Legal Policy
    Kebijakan Kepatuhan dan Hukum merupakan dasar                     Compliance and Legal policies are the basis for the
    penerapan prinsip kehati-hatian (prudential practices)            application of prudential practices which becomes all levels
    yang menjadi tanggung jawab seluruh jajaran Bank dalam            of Bank’s responsibility in implementing their activities, at
    menjalankan kegiatannya, dimana keputusan proses bisnis           which business process decision taken from corridor of
    diambil dalam koridor ketentuan perundang-undangan                applicable regulations and global industry practices.
    yang berlaku dan global industry practices.
3. Kebijakan Manajemen Risiko                                     3. Risk Management Policy
    Kebijakan Manajemen Risiko merupakan kebijakan yang              Risk management policy is a policy arranged to manage
    disusun untuk mengelola risiko kegiatan usaha Bank               Bank’s business activities. This policy becomes the
    Mandiri Taspen. Kebijakan ini menjadi acuan dari kebijakan-      reference of risk-related policies that is made in each work
    kebijakan terkait dengan pengelolaan risiko yang dibuat          unit.
    pada masing-masing unit kerja.




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Pengendalian internal Bank Mandiri Taspen terdiri dari 5 (lima)     The internal control system of Bank Mandiri Taspen consisted
komponen utama yaitu Pengawasan oleh Manajemen dan                  of five (5) key components, namely Management Oversight and
Budaya Pengendalian (Management Oversight and Control               Control Culture, Risk Recognition and Assessment, Control
Culture), Identifikasi dan Penilaian Risiko (Risk Recognition and   Activities and Segregation of Duties, Accounting, Information
Assessment), Kegiatan Pengendalian dan Pemisahan Fungsi             and Communication Systems, and Monitoring Activities and
(Control Activities and Segregation of Duties), Sistem Akuntansi,   Corrective Actions for Deviations or Deficiencies.
Informasi dan Komunikasi (Accountancy, Information and
Communication), serta Kegiatan Pemantauan dan Tindakan
Koreksi Penyimpangan atau Kelemahan (Monitoring Activities
and Correcting Deficiencies).


Pengawasan oleh Manajemen dan Budaya                                Management Supervision and Control Culture
Pengendalian

Direksi mempunyai tanggung jawab:                                   The Board of Directors has the responsibility:
1. Melaksanakan kebijakan dan strategi yang telah disetujui         1. Implement policies and strategies that have been approved
    oleh Dewan Komisaris.                                              by the Board of Commissioners.
2. Mengembangkan prosedur untuk mengidentifikasi,                   2. Develop procedures to identify, measure, monitor and
    mengukur, memantau, dan mengendalikan Risiko yang                  control the risks faced by the Bank.
    dihadapi Bank.
3. Memelihara suatu struktur organisasi yang mencerminkan           3. Maintain an organizational structure that reflects clear
    kewenangan, tanggung jawab, dan hubungan pelaporan                 authority, responsibility and reporting relationships.
    yang jelas.
4. Memastikan bahwa pendelegasian wewenang berjalan                 4. Ensuring that the delegation of authority runs effectively
    secara efektif yang didukung oleh penerapan akuntabilitas          supported by consistent accountability.
    yang konsisten.
5. Menetapkan kebijakan dan strategi serta prosedur                 5. Establish policies and strategies as well as internal control
    pengendalian intern.                                               procedures.
6. Memantau kecukupan dan efektivitas dari SPI.                     6. Monitor the adequacy and effectiveness of Internal Control
                                                                       System (SPI).


Dewan Komisaris mempunyai tanggung jawab:                           The Board of Commissioners has the responsibility:
1. Mengesahkan dan mengkaji ulang secara berkala terhadap           1. To ratify and periodically review the policies and business
   kebijakan dan strategi usaha Bank secara keseluruhan.               strategies of the Bank as a whole.
2. Memahami Risiko utama yang dihadapi Bank, menetapkan             2. Understand the main risks faced by the Bank, determine
   tingkat toleransi Risiko, dan memastikan bahwa Direksi              risk tolerance levels, and ensure that the Board of Directors
   telah melakukan langkah-langkah yang diperlukan                     has taken the necessary steps to identify, measure, monitor
   untuk mengidentifikasi, mengukur, memantau, dan                     and control these risks.
   mengendalikan Risiko tersebut.
3. Mengesahkan struktur organisasi.                                 3. Validate the organizational structure.
4. Memastikan bahwa Direksi telah memantau efektivitas              4. Ensuring that the Board of Directors has monitored the
   pelaksanaan SPI.                                                    effectiveness of Internal Control System (SPI).


Direksi dan Dewan Komisaris bertanggung jawab dalam                 The Board of Directors and Board of Commissioners are
meningkatkan etika kerja dan integritas yang tinggi serta           responsible for improving work ethics and high integrity as well
menciptakan suatu budaya organisasi yang menekankan kepada          as creating an organizational culture that emphasizes to all Bank
seluruh pegawai Bank mengenai pentingnya pengendalian               employees regarding the importance of internal control that
intern yang berlaku di Bank Mandiri Taspen. Dalam rangka            applies at Bank Mandiri Taspen. In order to strengthen ethical
memperkuat nilai-nilai etika, Bank harus menghindari kebijakan      values, Banks must avoid policies and practices that may result
dan praktik yang dapat mengakibatkan dorongan atau peluang          in incentives or opportunities to commit deviations or violations,
untuk melakukan penyimpangan atau pelanggaran, seperti              such as an emphasis on achieving short-term targets by
penekanan pada pencapaian target jangka pendek dengan               ignoring the long-term impacts of risks, a compensation system
mengabaikan dampak risiko yang bersifat jangka panjang,             that only focuses on long-term performance. short, ineffective
sistem kompensasi yang hanya menitikberatkan pada kinerja           segregation of functions, and the imposition of sanctions that
jangka pendek, pemisahan fungsi yang tidak efektif, dan             are too light or too excessive for the violations committed.
pengenaan sanksi yang terlalu ringan atau terlalu berlebihan
atas pelanggaran yang dilakukan.


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Identifikasi dan Penilaian Risiko                                  Risk Identificationand Assessment
Pelaksanaan manajemen risiko dilakukan dalam suatu                 The implementation of risk management is conducted through
rangkaian yang terdiri dari:                                       a series consisting of:
1. Identifikasi Risiko                                             1. Risk Identification
    Identifikasi risiko bertujuan untuk mengetahui seluruh             Risk identification aims to identify all types of inherent
    jenis risiko yang melekat pada setiap aktivitas fungsional         risk on every functional activity that potentially harm
    yang berpotensi merugikan Bank. Identifikasi risiko bersifat       the Bank. Risk identification is anticipative rather than
    anticipative dan bukan reaktif; mencakup seluruh aktivitas         reactive. It covers all functional activities (operational
    fungsional (kegiatan operasional; menggabungkan dan                activities, combining and analyzing risk information from all
    menganalisis informasi risiko dari seluruh sumber informasi        information available sources, analyzing the probability of
    yang tersedia; menganalisis probabilitas timbulnya risiko          risk occurences and its consequences).
    serta konsekuensinya).
2. Pengukuran Risiko                                               2. Risk Measurement
    a. Pengukuran risiko bertuiuan untuk mengetahui                   a. Measurement of risk aims to identify the amount of
        besaran risiko yang melekat pada aktivitas Bank untuk             risk attached to the Bank’s activities to be compared
        dibandingkan dengan risk appetite Bank sehingga                   with Bank’s risk appetite. Thus, the Bank may take risk
        Bank dapat mengambil tindakan mitigasi risiko dan                 mitigation actions and determine capital to cover the
        menentukan modal untuk mengcover risiko;                          risks;
    b. Pengukuran dilakukan secara individual maupun secara           b. Measurements are made individually or as a whole;
        keseluruhan;
    c. Metode pengukuran risiko dapat dilakukan secara                 c.  Risk measurement method may be conducted
        kualitatif dan atau kuantitatif;                                   qualitatively and/or quantitatively.
    d. Model yang digunakan dalam pengukuran risiko dapat             d. The used model in measuring the risk may be
        dipahami dan diketahui kekuatan, kelemahan, serta                  understood, known its strength, weakness, and
        limitasinya.                                                       limitation.
3. Pemantauan Risiko                                               3. Risk Monitoring
    Pemantauan dilakukan dengan membandingkan limit risiko            Monitoring can be done by comparing the predetermined
    yang telah ditetapkan dengan besaran risiko yang sedang           risk limits with the amount of risk which is being managed.
    dikelola.
4. Pengendalian Risiko                                             4. Risk Control
    Pengendalian risiko dilakukan terhadap potensi terjadinya         Risk control is conducted against the potential of
    pelampauan atas limit risiko yang telah ditetapkan dan            exceedance of predetermined risk limit and can be tolerated
    dapat ditolerir oleh PT Bank Mandiri Taspen.                      by Bank Mandiri Taspen.


Kegiatan Pengendalian (Pengendalian Keuangan dan                   Activity of Control (Financial and Operational Control)
Operasional) dan Pemisahan Fungsi                                  and Segregation Function

Sistem Pengendalian Intern Bank diimplementasikan melalui          The Bank’s Internal Control System is implemented through the
penerapan Three Lines of Defense, sebagai berikut:                 implementation of Three Lines of Defense, as follows:
1. First Line of Defense                                           1. First Line of Defense
    Merupakan internal control yang dilakukan oleh business           Internal control performed by the business unit that
    unit yang meliputi:                                               includes:
    a. Tersedianya organisasi yang memadai dan telah                  a. Availability of adequate organization and has
        mempertimbangkan pemisahan tugas (segregation of                  considered segregation of duties.
        duties).
    b. Tersedianya SDM yang memadai baik jumlah maupun                 b. Availability of adequate human resources both in
        kompetensi yang sesuai dengan proses bisnis.                      number and competence which in line with business
                                                                          process.
    c. Ditetapkannya sistem limit/kewenangan masing-                   c. The establishment of a limit system/authority of each
       masing SDM.                                                        human resources.
    d. Sistem dual control/dual custody.                               d. Dual control/dual custody system.
    e. Mekanisme check and recheck.                                    e. Check and recheck mechanism.
    f. Tersedianya Kebijakan, Standar Prosedur, Petunjuk               f. Availability of Policies, Standard Procedures, Techical
       Teknis, dan lainnya.                                               Guideline, and more.




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2. Second Line of Defense                                        2. Second Line of Defense
   Merupakan internal control yang terdiri dari fungsi risk         It is an internal control consisting of risk management,
   management, compliance, RBC termasuk verifikator di              compliance, RBC functions, including branch verifiers and
   cabang, dan unit pembina sistem lainnya. Sebagai contoh          other system builder units. For example, Risk Management
   pada Risk Management ditetapkan mekanisme Risk                   is defined as Risk Threshold Trigger Acceptance (RTTA),
   Threshold Trigger Acceptance (RTTA), Risk & Control Self         Risk & Control Self Assesment (RCSA), risk profile,
   assessment (RCSA), risk profile, monitoring kolektibilitas       collectability monitoring and Day Past Due (DPD).
   dan Day Past Due (DPD).
3. Third Line of Defense                                         3. Third Line of Defense
   Internal Audit menjalankan fungsi third line of defense          Internal Audit performs the function of third line of defense
   dengan memberikan independent assurance atas efektivitas         by giving independent assurance of internal control, risk
   internal control, risk management dan governance process         management, and governance process effectiveness. As
   serta memastikan first line dan second line of defense           well as ensuring the first line and second line of defense
   telah menjalankan fungsinya dengan baik. Internal Audit          have performed its function well. Internal Audit is a Work
   merupakan Satuan Kerja dalam organisasi Bank Mandiri             Unit within the Bank Mandiri Taspen organization that
   Taspen yang membantu Direktur Utama, Dewan Komisaris             assists the Main Director, the Board of Commissioners and
   dan Komite Audit dalam menjalankan fungsi pengawasan             the Audit Committee in carrying out their oversight function
   untuk mewujudkan Visi dan Misi Bank. Kedudukan Division          to realize the Bank’s Vision and Mission. The position
   Head Internal Audit dalam organisasi berada langsung di          of the Internal Audit Division Head in the organization is
   bawah dan bertanggungjawab kepada Direktur Utama,                directly under and responsible to the Main Director, but can
   namun dapat berkomunikasi langsung dengan Dewan                  communicate directly with the Board of Commissioners
   Komisaris melalui Komite Audit untuk menginformasikan            through the Audit Committee to inform various matters
   berbagai hal yang berhubungan dengan Aktivitas Internal          relating to Internal Audit Activities.
   Audit.


KAJI ULANG MANAJEMEN (TOP LEVEL REVIEW)                          MANAGEMENT REVIEW (TOP LEVEL REVIEW)


Direksi Bank secara berkala meminta penjelasan (informasi)       The Board of Directors of the Bank periodically asks for
dan laporan kinerja operasional dari pejabat dan pegawai yang    explanation (information) and operational performance reports
berwenang sehingga memungkinkan untuk mengkaji ulang             from authorized officers, so that it enables to review realization
pencapaian realisasi dibandingkan target yang akan dicapai,      progress compared to targets to be achieved such as financial
antara lain laporan keuangan dibandingkan dengan rencana         statement which compared to the established budget plans.
anggaran yang ditetapkan. Berdasarkan kaji ulang tersebut,       Based on the reviews, the Board of Directors immediately
Direksi segera mendeteksi permasalahan seperti kelemahan         detects issues such as control weaknesses, financial report
pengendalian, kesalahan laporan keuangan atau penyimpangan       errors or other irregularities to avoid fraud or error in reporting
lainnya untuk menghindari terjadinya fraud maupun kekeliruan     to the authorities.
pelaporan ke Otoritas.


KAJI ULANG KINERJA OPERASIONAL (FUNCTIONAL                       OPERATIONAL PERFORMANCE REVIEW (FUNCTIONAL
REVIEW )                                                         REVIEW)


Kaji ulang atas kinerja operasional dilakukan baik oleh First    A review of operational performance is carried out by the First
Line, Second Line dan Third Line sebagai berikut:                Line, Second Line and Third Line (Internal Audit) as follows:
1. First Line                                                    1. First Line
    Kepala Cabang secara tertib melakukan briefing setiap pagi       Head of Branch regularly conducts daily briefings every
    untuk meningkatkan perbaikan administrasi, kontrol dan           morning to improve administative revision, control and
    pelayanan kepada customer.                                       service to customer.
2. Second Line                                                   2. Second Line
    Dilakukan oleh Risk Business Control (RBC), baik secara          Performed by Risk Business Control (RBC), either daily
    harian yang dilakukan oleh Verifikator dan secara periodik       by Verifier and periodically performed by RBC Branch to
    yang dilakukan oleh RBC Cabang untuk memastikan                  ensure that branch operations are compliance with the
    pelaksanaan operasional cabang telah sesuai ketentuan            applicable regulations. The Risk Management Division
    yang berlaku. Divisi Risk Management melakukan proses            carries out the risk management process for all risks. The
    manajemen risiko atas seluruh risiko. Divisi Compliance          Compliance Division conducts compliance reviews of
    melakukan compliance Review terhadap product dan                 products and provisions.
    ketentuan.




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3. Third Line                                                     3. Third Line
   Dilakukan oleh Internal Audit untuk memastikan bahwa              Performed by Internal Audit to ensure that the activities
   kegiatan yang dilakukan oleh First Line dan Second Line           performed by the First Line and the Second Line are
   telah memadai. Pelaksanaan kaji ulang oleh Internal Audit         adequate. Implementation of the review by Internal Audit
   sesuai dengan Annual Audit Plan yang telah disetujui              in line with approved Annual Audit Plan management.
   manajemen.


Pengendalian Sistem Informasi                                     Information System Control
Bank melaksanakan verifikasi terhadap akurasi dan kelengkapan     The Bank carries out verification of the accuracy and
dari transaksi dan melaksanakan prosedur otorisasi, sesuai        completeness of transactions and carries out authorization
dengan ketentuan intern. Kegiatan pengendalian sistem             procedures, in accordance with internal regulations. Information
informasi dapat digolongkan dalam 2 (dua) kriteria, yaitu:        system control activities can be classified into 2 (two) criteria,
                                                                  namely:
1. Pengendalian umum, meliputi pengendalian terhadap              1. General control, including control over data center
   operasional pusat data, sistem pengadaan dan pemeliharaan          operations, software procurement and maintenance
   perangkat lunak, pengamanan akses, serta pengembangan              systems, access security, and development and
   dan pemeliharaan sistem aplikasi yang ada. Pengendalian            maintenance of existing application systems. This general
   umum ini diterapkan terhadap mainframe, server, dan users          control is applied to mainframes, servers, and user
   workstation, serta jaringan internal-eksternal.                    workstations, as well as internal-external networks.
2. Pengendalian aplikasi, diterapkan terhadap program yang        2. Application controls, applied to programs used by the
   digunakan Bank dalam mengolah transaksi dan untuk                  Bank in processing transactions and to ensure that all
   memastikan bahwa semua transaksi adalah benar, akurat,             transactions are correct, accurate and properly authorized.
   dan telah diotorisasi secara benar. Selain itu, pengendalian       In addition, application controls must be able to ensure the
   aplikasi harus dapat memastikan tersedianya proses audit           availability of an effective audit process and to check the
   yang efektif dan untuk mengecek kebenaran proses audit             correctness of the intended audit process.
   dimaksud.


Pengendalian Aset Fisik (Physical Controls)                       Control of Physical Assets (Physical Controls)
Pengendalian aset fisik dilaksanakan untuk menjamin               Physical asset control is carried out to ensure the implementation
terselenggaranya pengamanan fisik terhadap aset Bank.             of physical security for the Bank’s assets. This activity includes
Kegiatan ini meliputi pengamanan aset, catatan, dan akses         safeguarding assets, records, and limited access to computer
terbatas terhadap program komputer dan file data, serta           programs and data files, as well as comparing the value of the
membandingkan nilai aset dan liabilitas Bank dengan nilai yang    Bank’s assets and liabilities with the values stated in the control
tercantum pada catatan pengendali, khususnya pengecekan           records, in particular checking the value of assets on a regular
nilai aset secara berkala.                                        basis.


Dokumentasi                                                       Documentation
Bank     paling    sedikit    harus     memformalkan    dan       Banks must at least adequately formalize and document
mendokumentasikan kebijakan, prosedur, sistem dan standar         policies, procedures, systems and accounting standards, as well
akuntansi, serta proses audit secara memadai. Dokumen             as audit processes. The document must be updated periodically
tersebut harus diperbarui secara berkala guna menggambarkan       to describe the actual operational activities of the Bank, and
kegiatan operasional Bank secara aktual, serta harus              must be informed to Bank officials and employees.
diinformasikan kepada pejabat dan pegawai Bank.


PEMISAHAN FUNGSI                                                  SEPARATION OF FUNCTIONS


Pemisahan fungsi dimaksudkan agar setiap orang dalam              Separation of functions is intended so that everyone in their
jabatannya tidak memiliki peluang untuk melakukan dan             position does not have the opportunity to make and hide
menyembunyikan kesalahan atau penyimpangan dalam                  mistakes or irregularities in carrying out duties at all levels of the
pelaksanaan tugas pada seluruh jenjang organisasi dan             organization and all steps of operational activities. Banks must
seluruh langkah kegiatan operasional. Bank harus mematuhi         comply with this principle of segregation of functions, known as
prinsip pemisahan fungsi ini, yang dikenal sebagai “Four-Eyes     the “Four-Eyes Principle”. An effective SPI requires segregation
Principle”. SPI yang efektif mensyaratkan adanya pemisahan        of functions and avoids the assignment of authority and




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fungsi dan menghindari pemberian wewenang serta tanggung          responsibility which can cause conflicts of interest. Determine
jawab yang dapat menimbulkan berbagai benturan kepentingan        certain functions or tasks at the Bank that must be separated
(conflict of interest). menetapkan fungsi atau tugas tertentu     or allocated to several people in order to reduce the Risk of
pada Bank yang harus dipisahkan atau dialokasikan kepada          manipulation of financial data or misuse of Bank assets.
beberapa orang dalam rangka mengurangi Risiko terjadinya
manipulasi data keuangan atau penyalahgunaan aset Bank.


SISTEM AKUNTANSI, INFORMASI, DAN KOMUNIKASI                       ACCOUNTING, INFORMATION AND COMMUNICATION
                                                                  SYSTEMS


Sistem akuntansi, informasi, dan komunikasi yang memadai          An adequate accounting, information and communication
dimaksudkan agar dapat mengidentifikasi masalah yang              system is intended to identify problems that may arise and
mungkin timbul dan digunakan sebagai sarana tukar menukar         is used as a means of exchanging information in order to
informasi dalam rangka pelaksanaan tugas sesuai dengan            carry out tasks in accordance with each person’s respective
tanggung jawab masing-masing.                                     responsibilities.


Sistem akuntansi meliputi metode dan catatan dalam                The accounting system includes methods and records in
rangka mengidentifikasi, mengelompokkan, menganalisis,            order to identify, classify, analyze, classify, record or book, and
mengklasifikasi, mencatat atau membukukan, dan melaporkan         report Bank transactions. In order to ensure that accounting
transaksi Bank. Untuk menjamin data akuntansi yang akurat         data is accurate and consistent with available data based on
dan konsisten dengan data yang tersedia berdasarkan hasil         system processing results, the reconciliation process between
olahan sistem, proses rekonsiliasi antara data akuntansi dan      accounting data and the management information system
sistem informasi manajemen harus dilaksanakan secara berkala      must be carried out periodically or at least every month. Any
atau paling sedikit setiap bulan. Setiap penyimpangan yang        irregularities that occur must be immediately investigated
terjadi harus segera diinvestigasi dan diatasi permasalahannya.   and the problem resolved. The reconciliation process should
Proses rekonsiliasi juga harus didokumentasikan sebagai           also be documented as part of the overall audit trail process
bagian dari persyaratan proses jejak audit secara keseluruhan.    requirements.


Sistem informasi harus dapat menghasilkan laporan mengenai        The information system must be able to produce reports on
kegiatan usaha, kondisi keuangan, penerapan Manajemen             business activities, financial conditions, implementation of
Risiko, dan pemenuhan ketentuan yang mendukung                    Risk Management, and fulfillment of provisions that support
pelaksanaan tugas Direksi dan Dewan Komisaris. SPI yang           the implementation of the duties of the Board of Directors and
efektif paling sedikit menyediakan data atau informasi internal   Board of Commissioners. An effective SPI at least provides
yang cukup dan menyeluruh mengenai keuangan, kepatuhan            sufficient and comprehensive internal data or information
Bank terhadap ketentuan dan peraturan perundang-undangan,         regarding finance, the Bank’s compliance with laws and
informasi pasar (kondisi eksternal), dan setiap kejadian serta    regulations, market information (external conditions), and every
kondisi yang diperlukan dalam rangka pengambilan keputusan        event and condition required in order to make appropriate and
yang tepat dan dapat dipertanggungjawabkan.                       accountable decisions.


Sistem komunikasi harus mampu memberikan informasi                The communication system must be able to provide information
kepada seluruh pihak, baik intern maupun ekstern seperti          to all parties, both internal and external, such as the Financial
Otoritas Jasa Keuangan, auditor ekstern, pemegang saham,          Services Authority, external auditors, shareholders and Bank
dan nasabah Bank. SPI Bank harus memastikan adanya saluran        customers. The Bank’s SPI must ensure that there is an effective
komunikasi yang efektif agar seluruh pejabat dan pegawai          communication channel so that all officials and employees of
Bank sepenuhnya memahami serta mematuhi kebijakan dan             the Bank fully understand and comply with the policies and
prosedur dalam melaksanakan tugas dan tanggung jawab.             procedures in carrying out their duties and responsibilities.
Direksi Bank harus menyelenggarakan saluran komunikasi            The Board of Directors of the Bank must organize effective
yang efektif agar informasi yang diperlukan terjangkau oleh       communication channels so that the necessary information is
pihak yang berkepentingan. Persyaratan ini berlaku untuk          accessible to interested parties. This requirement applies to
setiap informasi, baik mengenai kebijakan dan prosedur yang       any information, both regarding policies and procedures that
telah ditetapkan, eksposur Risiko, dan transaksi aktual maupun    have been set, Risk exposure, and actual transactions as well
mengenai kinerja operasional Bank.                                as regarding the Bank’s operational performance.




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KEPATUHAN TERHADAP PERATURAN PERUNDANG-                        CONTROLLING COMPLIANCE WITH OTHER LEGAL
UNDANGAN LAINNYA                                               REGULATIONS


Penerapan sistem pengendalian intern secara efektif dapat      The implementation of an effective internal control system
membantu pengurus menjaga asset Bank, menjamin                 can help the management maintain the Bank’s assets, ensure
tersedianya pelaporan keuangan dan manajerial yang dapat       the availability of reliable financial and managerial reporting,
dipercaya, meningkatkan kepatuhan terhadap ketentuan           improve compliance with the applicable laws and regulations,
dan peraturan perundang-undangan yang berlaku, serta           and reduce the risk of losses, deviations and violations of
mengurangi risiko terjadinya kerugian, penyimpangan dan        prudential aspects.
pelanggaran aspek kehati-hatian.


Hal ini tercermin antara lain dari hal-hal sebagai berikut:    This is reflected in the following:
1. Penetapan wewenang dan tanggung jawab untuk                 1. Determination of authority and responsibility for monitoring
    pemantauan kepatuhan atas kebijakan, prosedur dan limit.       compliance with policies, procedures and limits.
2. Penetapan jalur pelaporan dan pemisahan fungsi yang jelas   2. Determination of reporting lines and clear separation of
    dari satuan kerja operasional kepada satuan kerja yang         functions from operational work units to work units that
    melaksanakan fungsi pengendalian.                              carry out control functions.
3. Pelaporan keuangan dan kegiatan operasional yang akurat     3. Accurate and timely financial reporting and operational
    dan tepat waktu.                                               activities.
4. Kecukupan prosedur untuk memastikan kepatuhan               4. Adequacy of procedures to ensure compliance with
    terhadap ketentuan perundang-undangan yang berlaku.            applicable laws and regulations.
5. Dokumentasi secara lengkap dan memadai terhadap             5. Complete and adequate documentation of the scope,
    cakupan, prosedur-prosedur operasional, temuan audit           operational procedures, audit findings and management
    serta tanggapan pengurus berdasarkan hasil audit.              responses based on audit results.


PENGENDALIAN INTERNAL DALAM PROSES PELAPORAN                   INTERNAL CONTROL OVER FINANCIAL REPORTING
KEUANGAN (INTERNAL CONTROL OVER FINANCIAL                      (ICOFR)
REPORTING)


Bank Mandiri Taspen berkomitmen untuk menjaga integritas,      Bank Mandiri Taspen was committed to maintaining the
akurasi, dan transparansi penyajian informasi keuangan.        integrity, accuracy, and transparency of its financial reporting.
Bank menerapkan pengendalian internal atas pelaporan           The Bank implemented Internal Control over Financial Reporting
keuangan (Internal Control over Financial Reporting/ICOFR)     (ICoFR) to provide reasonable assurance over the reliability of
untuk memberikan keyakinan memadai atas keandalan proses       the financial reporting process and the preparation of financial
pelaporan keuangan serta penyusunan Laporan Keuangan           statements in accordance with applicable accounting standards.
sesuai standar akuntansi yang berlaku.


Sejalan dengan POJK Nomor 15 Tahun 2024 tentang Integritas     In line with Financial Services Authority Regulation (POJK) No.
Pelaporan Keuangan Bank, Bank menyusun dan menetapkan          15 of 2024 concerning the Integrity of Bank Financial Reporting,
prosedur pengendalian internal dalam proses pelaporan          the Bank developed and established internal control procedures
keuangan. Dalam menerapkan kerangka pengendalian internal      within the financial reporting process. In implementing this
tersebut, Bank memastikan ketersediaan sistem informasi yang   internal control framework, the Bank ensured the availability
mendukung pelaporan keuangan, serta memperkuat fungsi/unit     of information systems supporting financial reporting and
yang berperan dalam menjaga integritas informasi dan laporan   strengthened the functions/units responsible for safeguarding
keuangan. Guna memastikan penerapan ICOFR yang efektif         the integrity of financial information and reporting.
dan berkelanjutan, Bank menetapkan Divisi Risk Business        To ensure the effective and sustainable implementation
Control dan Divisi Risk Management sebagai Unit Kerja Khusus   of ICoFR, the Bank designated the Risk Business Control
yang bertanggung jawab terhadap pencegahan kecurangan          Division and the Risk Management Division as dedicated units
atau manipulasi dalam Informasi Keuangan dan/atau Laporan      responsible for preventing fraud or manipulation in the Bank’s
Keuangan Bank. Adapun tahapan utama implementasi ICOFR         financial information and/or financial reporting. The main stages
yang dilakukan Bank meliputi:                                  of ICoFR implementation conducted by the Bank included:
1. Penetapan materialitas dan ruang lingkup ICOFR melalui      1. Determination of materiality and scope of ICoFR using a
    pendekatan top-down dan risk-based approach.                    top-down and risk-based approach.
2. Penyusunan dokumentasi Business Process Mapping (BPM)       2. Preparation of Business Process Mapping (BPM) and
    dan Risk Control Matrices (RCM) untuk mengidentifikasi          Risk Control Matrices (RCM) documentation to identify




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   proses signifikan, risiko, serta aktivitas pengendalian kunci      significant processes, risks, and key control activities on an
   secara end-to-end.                                                 end-to-end basis.
3. Evaluasi pengendalian oleh Divisi Internal Audit melalui        3. Evaluation of controls by the Internal Audit Division through
   Test of Design (ToD) dan Test of Effectiveness (ToE) untuk         Test of Design (ToD) and Test of Effectiveness (ToE) to
   menilai kecukupan desain dan efektivitas implementasi              assess the adequacy of control design and implementation
   pengendalian, termasuk identifikasi area perbaikan dan             effectiveness, including identification of improvement areas
   tindak lanjut perbaikan yang diperlukan.                           and required follow-up actions.


Laporan Pengendalian Internal Dalam Proses Pelaporan               Report on Internal Control over Financial Reporting of the
Keuangan Bank                                                      Bank
Pada tahun 2025, Bank Mandiri Taspen menerapkan                    In 2025, Bank Mandiri Taspen implemented Internal Control
pengendalian internal atas pelaporan keuangan (Internal            over Financial Reporting (ICoFR) in a systematic manner
Control over Financial Reporting/ICOFR) secara sistematis          to provide reasonable assurance that the preparation and
untuk memberikan keyakinan memadai bahwa proses                    presentation of the financial statements for the financial year
penyusunan dan penyajian Laporan Keuangan untuk tahun              ended 31 December 2025 were supported by adequate
buku yang berakhir pada tanggal 31 Desember 2025 didukung          internal controls and were prepared reliably and accurately in
oleh pengendalian internal yang memadai, disusun secara andal      accordance with applicable accounting standards.
dan akurat sesuai dengan standar akuntansi yang berlaku.


Direksi Bank Mandiri Taspen bertanggung jawab atas                 The Board of Directors of Bank Mandiri Taspen was responsible
penerapan dan pemeliharaan pengendalian internal dalam             for the implementation and maintenance of internal control
proses pelaporan keuangan Bank untuk tahun buku yang               over the Bank’s financial reporting process for the financial
berakhir pada tanggal 31 Desember 2025, dan berdasarkan            year ended 31 December 2025. Based on the results of the
hasil penilaian serta pengujian atas penerapan ICOFR pada          assessment and testing of ICoFR implementation during the
periode tersebut, Direksi menyatakan bahwa penerapan ICOFR         period, the Board of Directors stated that ICoFR had been
telah berjalan efektif dalam memberikan keyakinan memadai          operating effectively in providing reasonable assurance over
atas keandalan proses pelaporan keuangan Bank.                     the reliability of the Bank’s financial reporting process.

Bank telah merancang dan mengimplementasikan ICOFR                 The Bank designed and implemented ICoFR in a structured
secara terstruktur dan berkesinambungan guna memberikan            and sustainable manner to ensure reasonable assurance
keyakinan yang memadai atas keandalan pelaporan keuangan           over the reliability of financial reporting and compliance with
serta kesesuaian dengan standar akuntansi dan ketentuan            applicable accounting standards and regulations. In line with
yang berlaku. Sejalan dengan praktik tata kelola yang baik,        good governance practices, the Bank recognized that any
Bank menyadari bahwa setiap sistem pengendalian internal           internal control system has inherent limitations that cannot fully
memiliki keterbatasan inheren yang tidak dapat sepenuhnya          eliminate all risks of material misstatement. Therefore, the Bank
menghilangkan seluruh risiko salah saji. Oleh karena itu, Bank     remained committed to continuous monitoring and ongoing
berkomitmen untuk melakukan pemantauan berkelanjutan               enhancement of the design and implementation of internal
serta penyempurnaan desain dan implementasi pengendalian           controls in order to further improve the effectiveness of ICoFR
internal secara berkesinambungan guna meningkatkan                 and the reliability of financial reporting in subsequent periods.
efektivitas ICOFR dan keandalan pelaporan keuangan pada
periode berikutnya.


Kegiatan Pemantauan dan Tindakan Koreksi                           Monitoring Activities and Correction Actions
Penyimpangan

Bank melakukan pemantauan secara terus menerus terhadap            The Bank continuously monitors the overall effectiveness of
efektivitas keseluruhan pelaksanaan pengendalian internal.         internal control implementation. Monitoring of the Bank’s main
Pemantauan terhadap Risiko utama Bank harus diprioritaskan         risks must be prioritized and function as part of the Bank’s daily
dan berfungsi sebagai bagian dari kegiatan Bank sehari-            activities including periodic evaluations, both by the risk taking
hari termasuk evaluasi secara berkala, baik oleh satuan kerja      unit and by the Internal Audit.
operasional (risk taking unit) maupun oleh Internal Audit.


Bank Mandiri Taspen memantau dan mengevaluasi kecukupan            Bank Mandiri Taspen continuously monitors and evaluates
SPI secara terus menerus berkaitan dengan adanya perubahan         the adequacy of the SPI in relation to changes in internal and
kondisi intern dan ekstern serta harus meningkatkan kapasitas      external conditions and must increase the capacity of the




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SPI tersebut agar efektivitasnya dapat ditingkatkan. Kelemahan   Internal Oversight Unit (SPI) so that its effectiveness can be
dalam pengendalian internal, baik yang diidentifikasi oleh       increased. Weaknesses in internal control, whether identified
satuan kerja operasional (risk taking unit), Internal Audit,     by the risk taking unit, Internal Audit, or other parties, are then
maupun pihak lainnya, selanjutnya dilaporkan kepada Direksi      reported to the Board of Directors and Board of Commissioners.
dan Dewan Komisaris.


Kesesuaian dengan The Committee of                               Compatibility with the Committee of Sponsoring
Sponsoring Organization of The Treadway                          Organization of the Treadway Commission
Commission (COSO)                                                (COSO)

Sistem pengendalian intern Bank telah sesuai dengan Internal     Bank Internal control system has already suited to Internal
Control Integrated Framework yang dikembangkan oleh The          Control Integrated Framework developed by The Committee of
Committee of Sponsoring Organization of the Treadway             Sponsoring Organization of the Tradeway Commission (COSO)
Commission (COSO) tahun 2013. Tujuan pengendalian                in 2013. The objectives of internal control include operational,
internal meliputi tujuan operasional, tujuan pelaporan dan       reporting, and compliance. Operational objective is related to
tujuan kepatuhan. Tujuan operasional berkaitan dengan            the operational effectiveness and efficiency. Reporting objective
efektivitas dan efisiensi operasi. Tujuan pelaporan berkaitan    is associated with the importance of financial reporting which
dengan kepentingan pelaporan keuangan yang memenuhi              fulfills the criteria of being reliable, timely, transparent, and
kriteria andal, tepat waktu, transparan dan persyaratan lain     other requirements determined by regulator and bank. In
yang ditetapkan oleh Regulator maupun Bank. Sedangkan            addition, compliance objective is related to the bank compliace
tujuan kepatuhan berkaitan dengan kepatuhan Bank terhadap        towards laws and regulations. Internal control elements include
hukum dan peraturan perundang-undangan. Unsur-unsur              the following components:
pengendalian intern meliputi komponen-komponen sebagai
berikut:
1. Lingkungan Pengendalian                                       1.   Control environment
2. Penilaian Risiko                                              2.   Risk assessment
3. Aktivitas Pengendalian                                        3.   Control activities
4. Informasi dan Komunikasi                                      4.   Information and communication
5. Aktivitas Pemonitoran                                         5.   Monitoring activities


Kelima unsur pengendalian internal menurut COSO sejalan          The five internal control elements according to COSO are
dengan Elemen Sistem Pengendalian Internal Bank menurut          in line with the Internal Control System Elements of Banks
Surat Edaran Otoritas Jasa Keuangan No 35/SEOJK.03/2017          according to the Circular of the Financial Service Authority
tanggal 7 Juli 2017 tentang Pedoman Standar Sistem               No 35/SEOJK.03/2017 on July 7, 2017 about Implementation
Pengendalian Intern Bagi Bank Umum. Adapun Implementasi          of Governance for Commercial Banks. The implementation
pengendalian internal di Bank Mandiri Taspen yang mencakup       of the main elements above has already suited with Internal
elemen-elemen utama di atas telah sesuai dengan Internal         Control Integrated Framework developed by The Committee of
Control Integrated Framework yang dikembangkan oleh The          Sponsoring Organization of the Treadway Commission (COSO)
Committee of Sponsoring Organization of the Treadway             as follows:
Commission (COSO) sebagai berikut:
1. Lingkungan Pengendalian                                       1. Control Environment
    Elemen lingkungan pengendalian di Bank Mandiri Taspen           The control environment element at Bank Mandiri Taspen
    diwujudkan dalam bentuk pengawasan manajemen dan                was reflected in management oversight and control culture,
    budaya pengendalian, dimana ruang lingkup pengendalian          where the scope of control was implemented at all levels,
    dilakukan baik di seluruh tingkatan, yaitu pengendalian         including activity-level controls and entity-level controls.
    tingkat aktivitas maupun pengendalian tingkat entitas.
2. Identifikasi dan Penilaian Risiko                             2. Risk Identification and Assessment
    Risiko-risiko yang material dan memberi pengaruh yang           Material risks that adversely affected the achievement of
    tidak menguntungkan terhadap pencapaian tujuan Bank             the Bank’s objectives were identified and continuously
    telah diidentifikasi dan diukur secara berkelanjutan oleh       measured by all units.
    seluruh unit.




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   Proses identifikasi risiko dilakukan untuk mengidentifikasi 8         The risk identification process covered eight (8) types of
   (delapan) risiko, yaitu:                                              risk, namely:
   a. Risiko Kredit                                                      a. Credit Risk
   b. Risiko Pasar                                                       b. Market Risk
   c. Risiko Operasional                                                 c. Operational Risk
   d. Risiko Likuiditas                                                  d. Liquidity Risk
   e. Risiko Reputasi                                                    e. Reputational Risk
   f. Risiko Stratejik                                                   f. Strategic Risk
   g. Risiko Kepatuhan                                                   g. Compliance Risk
   h. Risiko Hukum                                                       h. Legal Risk
   Penilaian risiko merupakan proses untuk menentukan                    Risk assessment was the process of determining how risks
   bagaimana risiko harus dikelola dan dilaksanakan pada                 should be managed and implemented at all operational unit
   seluruh tingkatan unit operasional, termasuk didalamnya               levels, including the identification, analysis, and evaluation
   proses identifikasi, analisis dan penilaian risiko yang               of risks faced in achieving the Bank’s objectives.
   dihadapi dalam mencapai tujuan Bank.
3. Aktivitas Pengendalian                                            3. Control Activities
   Aktivitas pengendalian secara umum telah melibatkan                  Control activities generally involved all employees, including
   seluruh pegawai termasuk Direksi yang disusun untuk                  the Board of Directors, and were designed to ensure that
   memastikan arahan manajemen telah dilaksanakan dan                   management directives were implemented and that actions
   tindakan untuk mengatasi risiko yang teridentifikasi telah           to address identified risks had been taken. Control activities
   dilakukan. Kegiatan pengendalian sesuai fungsi organisasi            in accordance with organizational functions at a minimum
   sekurang-kurangnya meliputi Kaji Ulang Manajemen (Top                included Top Management Reviews, Functional Reviews,
   Management Review), Kaji Ulang Kinerja Operasional                   Information System Controls, Physical Asset Controls, and
   (Functional Review), Pengendalian Sistem Informasi,                  Documentation Controls.
   Pengendalian Aset Fisik dan Dokumentasi.


   Aktivitas pengendalian telah dituangkan dalam dokumen                Control activities were documented in policies and
   kebijakan dan prosedur untuk mengidentifikasi risiko-risiko          procedures to identify risks such as market, liquidity, credit,
   (dhi. Risiko pasar, likuiditas, kredit, operasional, kepatuhan,      operational, compliance, reputational, strategic, and legal
   reputasi, stratejik dan hukum).                                      risks.
4. Informasi dan Komunikasi                                          4. Information and Communication
   Sistem akuntansi, informasi dan komunikasi bertujuan                 The accounting, information, and communication systems
   untuk mengidentifikasi masalah yang mungkin timbul dan               aimed to identify potential issues and serve as a medium
   digunakan sebagai sarana tukar menukar informasi dalam               for information exchange in the execution of duties and
   rangka pelaksanaan tugas sesuai dengan tanggung jawab                responsibilities, comprising:
   masing-masing, meliputi:
   a. Sistem Akuntansi                                                   a. Accounting System
       Mencakup metode, catatan dan proses rekonsiliasi data                Covering methods, records, and reconciliation
       accounting dengan sistem informasi.                                  processes between accounting data and information
                                                                            systems.
    b. Sistem Informasi                                                  b. Information System
       Bank Mandiri Taspen telah melakukan pengendalian                     Bank Mandiri Taspen had implemented controls over
       risiko-risiko yang berhubungan dengan penggunaan                     risks related to information technology usage to prevent
       teknologi informasi untuk mencegah terjadinya                        business disruptions and potential losses, including:
       gangguan pada usaha dan kerugian potensial, meliputi:
       1) Pengendalian      yang    berhubungan      dengan                   1) IT-related controls such as mainframe, client-
            komputer seperti mainframe, client server,                           server, and workstation controls ensuring proper
            workstation yang memastikan operasional berjalan                     operations, including data backup and recovery
            dengan semestinya meliputi prosedur back up                          procedures, software acquisition and development
            dan penyelamatan data (data recovery), kebijakan                     policies, maintenance procedures, and physical/
            perolehan dan pengembangan perangkat lunak,                          logical access security controls.
            prosedur    pemeliharaan    dan    pengendalian
            keamanan akses (physical/logical).




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         2) Pengendalian atas aplikasi termasuk kesesuaian                  2) Application controls including compliance with
            pada ketentuan dan ketepatan data yang diproses,                   regulations and data accuracy, data entry validation
            prosedur validasi untuk pencatatan data, prosedur                  procedures, access authorization controls, and
            pengendalian dan otorisasi akses serta pengamanan                  safeguards for exceptions or deviations.
            hal-hal yang dikecualikan atau menyimpang.
    c.   Bank Mandiri Taspen       telah memiliki mekanisme           c.    The Bank had implemented a Whistleblowing System
         Whistleblowing System sebagai sarana pelaporan                     as a reporting mechanism for suspected fraud through
         adanya indikasi fraud melalui Letter to CEO.                       a Letter to CEO channel.


5. Aktivitas Pemantauan                                            5. Monitoring Activities
   Kegiatan pemantauan dilakukan untuk memantau                       Monitoring activities were conducted to assess the
   efektivitas pelaksanaan pengendalian intern yang berupa:           effectiveness of internal control implementation, including:
   1. Kegiatan       pemantauan      dan    tindakan     koreksi      1. Monitoring and corrective actions by Internal Audit
       penyimpangan oleh Audit Internal.
       Aktivitas pemantauan (evaluasi) terhadap kecukupan                   Monitoring activities (evaluation) of the adequacy of the
       Sistem Pengendalian Intern dilakukan berkaitan                       Internal Control System were performed in relation to
       dengan adanya perubahan kondisi intern maupun                        changes in internal and external conditions to enhance
       ekstern sehingga dapat meningkatkan kapasitas sistem                 its effectiveness. Such activities were conducted
       pengendalian intern dan efektivitasnya. Aktivitas                    periodically or on an ad-hoc basis by the Internal Audit
       pemantauan (evaluasi) terhadap Sistem Pengendalian                   Division. The Internal Audit function was independent
       Intern dilakukan secara berkala atau insidentil oleh                 from operational functions and had access to all
       Divisi Internal Audit. Fungsi Divisi Internal Audit                  operational activities. As part of the Internal Control
       telah independen terhadap fungsi yang menjalankan                    System, Internal Audit provided an independent
       aktivitas harian dan memiliki akses terhadap semua                   assessment of the adequacy of and compliance with
       kegiatan operasional. Sebagai bagian dari Sistem                     Bank policies and procedures and reported directly to
       Pengendalian Intern, Divisi Internal Audit melakukan                 the President Director, Compliance Director, and the
       penilaian yang independen mengenai kecukupan dan                     Board of Commissioners through the Audit Committee.
       kepatuhan Bank terhadap kebijakan dan prosedur yang
       ditetapkan dan melaporkan hasilnya secara langsung
       ke Direktur Utama, Direktur Kepatuhan dan Dewan
       Komisaris melalui Komite Audit.
   2. Pengawasan dari eksternal (OJK, BPK dan Akuntan Publik)          2. External supervision (OJK, BPK, and External Auditors)
       Tingkat pengawasan terhadap operasional dilakukan                  Oversight of operations was conducted in a tiered
       secara berjenjang termasuk pengawasan oleh pihak                   manner, including external supervision by the Financial
       ekstern yang terdiri dari Otoritas Jasa Keuangan, Bank             Services Authority (OJK), Bank Indonesia as regulator,
       Indonesia sebagai Regulator dan Auditor Eksternal                  and external auditors (Public Accounting Firm and
       (Kantor Akuntan Publik dan BPK). Bank Indonesia/                   the Supreme Audit Agency/BPK). OJK exercised its
       Otoritas Jasa Keuangan menjalankan fungsinya sebagai               supervisory authority, including:
       otoritas pengawas, mencakup:
       a. Kewenangan dalam mengatur perizinan (power to                a.   Licensing authority (power to license)
            license)
       b. Kewenangan dalam membuat peraturan (power to                 b. Regulatory authority (power to regulate)
            regulate)
       c. Kewenangan dalam mengawasi (power to control)                c. Supervisory authority (power to control)
       d. Kewenangan dalam menetapkan dan mengenakan                   d. Enforcement authority (power to impose sanctions)
            sanksi (power to impose sanction)
            Disisi lain, Bank Mandiri Taspen juga wajib                     In addition, Bank Mandiri Taspen was required to
            menyampaikan laporan keuangan yang telah                        submit audited financial statements periodically to OJK.
            diaudit oleh Kantor Akuntan Publik secara periodik              The effectiveness of external audit implementation was
            dan menyampaikan ke OJK. Efektivitas pelaksanaan                evaluated by the Audit Committee, which also reviewed
            audit dari auditor eksternal dievaluasi oleh Komite             the independence and objectivity of external auditors
            Audit. Komite Audit juga menelaah independensi                  and assessed the adequacy of audit coverage to ensure
            dan objektivitas auditor eksternal serta menelaah               that all significant risks had been properly considered.
            kecukupan pemeriksaan yang dilakukan untuk
            memastikan semua risiko yang signifikan telah
            dipertimbangkan.




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Evaluasi Pelaksanaan Sistem Pengendalian                          Evaluation of The Implementation of The
Internal                                                          Internal Control System

Sejalan dengan POJK No. 18/POJK.03/2014 tanggal                   In line with POJK No. 18/POJK.03/2014 dated November 18,
18 November 2014 Perihal Penerapan Tata Kelola Terintegrasi       2014 concerning the Implementation of Integrated Governance
Bagi Konglomerasi Keuangan, Internal Audit Bank Mandiri           for Financial Conglomerates, Bank Mandiri Internal Audit as
sebagai Satuan Kerja Audit Intern Terintegrasi mempunyai          the Integrated Internal Audit Work Unit has the obligation to
kewajiban memantau pelaksanaan audit intern pada masing-          monitor the implementation of internal audits at each Financial
masing Lembaga Jasa Keuangan (Perusahaan Anak) dalam              Services Institution (Subsidiary Company) in the Financial
Konglomerasi Keuangan dan memastikan bahwa Perusahaan             Conglomerate and ensure that the Subsidiary Company has
Anak telah dikelola dengan baik.                                  been managed well.


Efektivitas internal control dinilai secara independen oleh       The effectiveness of internal control was independently assessed
fungsi Internal Audit. Untuk memastikan adanya standarisasi       by the Internal Audit function. To ensure standardization
dalam penilaian efektivitas internal control Perusahaan Anak,     in evaluating the effectiveness of internal control within
maka Internal Audit Bank Mandiri telah mengembangkan suatu        subsidiaries, Bank Mandiri’s Internal Audit developed a tool
tools yang dapat digunakan oleh Internal Audit Perusahaan         known as the “Subsidiary Control Rating (CRPA)” for use by
Anak yaitu “Control Rating Perusahaan Anak (CRPA)”. Nilai         subsidiary Internal Audit units. The CRPA score of Bank Mandiri
CRPA Bank Mandiri Taspen pada tahun 2025 sebesar 86,150           Taspen in 2025 was 86.150 (satisfactory). This rating indicated
(satisfactory). Dengan predikat satisfactory ini berarti secara   that, in general, internal control was adequate in material
umum internal control telah memadai pada aspek material           aspects in terms of adequacy, effectiveness, and sustainability;
dalam hal kecukupan (adequacy), efektivitas (effectiveness)       however, limited specific improvements were still required.
dan keberlanjutan (sustainability), namun masih dibutuhkan
beberapa perbaikan spesifik dalam jumlah terbatas (limited).


Pernyataan Direksi dan/atau Dewan Komisaris                       Statement of The Board of Directors and/ or The
atas Kecukupan Sistem Pengendalian Internal                       Board of Commissioners on The Adequacy of
                                                                  The Internal Control System

Dalam pengawasan terhadap penerapan sistem pengendalian           In supervising the implementation of the internal control
internal, Direksi dan Dewan Komisaris dibantu oleh Internal       system, the Board of Commissioners was assisted by the
Audit yang merupakan Satuan Kerja dalam organisasi dan            Internal Audit, a work unit within the Bank’s organization. In
Komite Audit. Dalam menjalankan tugasnya, Internal Audit          carrying out its duties, Internal Audit communicated directly
berkomunikasi langsung dengan Dewan Komisaris melalui             with the Board of Commissioners through the Audit Committee
Komite Audit untuk menginformasikan berbagai hal yang             to inform various matters relating to Internal Audit Activities.
berhubungan dengan Aktivitas Internal Audit. Direksi dan          The Board of Commissioners and Directors are of the view that
Dewan Komisaris berpandangan bahwa penerapan sistem               the implementation of the internal control system in 2025 has
pengendalian internal selama tahun 2025 sudah berjalan            gone well.
dengan baik.



Manajemen Risiko                                                  Risk Management

Manajemen risiko adalah serangkaian metodologi dan prosedur       Risk management is a series of methodologies and procedures
yang digunakan untuk mengidentifikasi, mengukur, memantau,        used to identify, measure, monitor and control risks arising from
dan mengendalikan risiko yang timbul dari seluruh kegiatan        all Bank business activities, including efforts to mitigate and/or
usaha Bank, termasuk upaya untuk memitigasi dan atau              minimize financial and non-financial losses that may arise from
meminimalkan kerugian finansial maupun non finansial yang         bank products or activities, relationships between banks and
mungkin timbul dari produk atau aktivitas bank, hubungan          customers and within the Bank.
antara bank dengan nasabah maupun dalam internal Bank.




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Dasar Penerapan Manajemen Risiko                                  Basis for The Implementation of Risk
                                                                  Management

Penerapan Manajemen Risiko Bank Mandiri Taspen mengacu            The implementation of Bank Mandiri Taspen’s Risk Management
pada Peraturan Otoritas Jasa Keuangan (POJK) tentang              refers to the Financial Services Authority Regulation (POJK)
Penerapan Manajemen Risiko Bagi Bank Umum No. 18/                 concerning the Implementation of Risk Management for
POJK.03/2016 tanggal 16 Maret 2016 dan Surat Edaran               Commercial Banks No. 18/POJK.03/2016 dated 16 March
Otoritas Jasa Keuangan (OJK) No. 34/SEOJK.03/2016 tentang         2016 and Circular of the Financial Services Authority (OJK)
Penerapan Manajemen Risiko Bagi Bank Umum.                        No. 34/ SEOJK.03/2016 concerning Implementation of Risk
                                                                  Management for Commercial Banks.


Penerapan Manajemen Risiko Secara Umum                            Implementation of Risk Management In General

Penerapan manajemen risiko pada Bank Mandiri Taspen menjadi       The Bank implements risk management in all of its activities
bagian yang terintegrasi dalam setiap aktivitas operasional       to support prudent business growth, balancing the rapid
Bank, dimana juga berperan dalam mendorong pertumbuhan            development of business types, scope, and expansion in the
bisnis Bank yang sehat dan prudent. Hal ini sejalan dengan        banking industry, which is marked by increasingly complex
dinamika Industri perbankan yang terus berkembang pesat           risks in the Bank’s operations. To address the challenge, Bank
yang disertai dengan semakin beragam dan kompleksnya risiko       Mandiri Taspen constantly refines its policies, infrastructure,
pada aktivitas Bank. Guna menghadapi tantangan tersebut,          and human capital quality periodically by referring to the
Bank Mandiri Taspen secara konsisten melakukan peninjauan         Regulation of Financial Services Authority (POJK) concerning
dan penyempurnaan kebijakan, penguatan infrastruktur,             the Implementation of Risk Management for Commercial Bank
serta peningkatan kompetensi sumber daya manusia secara           No. 18/POJK.03/2016 dated March 16, 2016.
berkala. Seluruh upaya tersebut dilaksanakan dengan tetap
berpedoman pada Peraturan Otoritas Jasa Keuangan (POJK)
tentang Penerapan Manajemen Risiko Bagi Bank Umum No.
18/POJK.03/2016 tanggal 16 Maret 2016.


Proses manajemen risiko dilaksanakan secara aktif oleh            The risk management process is performed actively by Bank’s
manajemen Bank melalui Komite Manajemen Risiko yang               management through Committee under the Board of Directors
meliputi Asset and Liability Committee, Risk Management           which comprises of Asset and Liability Committee, Risk
Committee dan Komite Kebijakan Perkreditan.                       Management Committee and Credit Policy Committee.


Dalam rangka mewujudkan pengelolaan risiko yang menyeluruh,       In order to achieve comprehensive, integrated, measurable,
terpadu, terukur dan terkendali, Bank Mandiri Taspen telah        and well-controlled risk management, Bank Mandiri Taspen
memiliki Satuan Kerja Manajemen Risiko yang secara struktural     had established a Risk Management Working Unit, which
bertanggung jawab kepada Direktur Keuangan & Risk                 was structurally responsible to the Director of Finance & Risk
(sebelumnya Direktur Finance, Risk & Operations). Satuan Kerja    (previously the Director of Finance, Risk & Operations). The
Manajemen Risiko juga berperan sebagai anggota tetap yang         Risk Management Working Unit also served as a permanent
tidak memiliki hak suara (Permanent Non-Voting Members)           non-voting member in the Risk Management Committee, the
pada Komite Manajemen Risiko, Asset Liability Committee           Asset and Liability Committee (ALCO), and the Credit Policy
(ALCO) serta Komite Kebijakan Perkreditan.                        Committee.


Dalam pelaksanaan aktivitas operasionalnya, fungsi manajemen      In the implementation of its operational activities, the risk
risiko dibagi ke dalam tiga unit kerja, yaitu:                    management function was divided into three working units,
                                                                  namely:
1. Risk Management, yang bertugas merumuskan rambu-               1. Risk Management, which was responsible for formulating
   rambu dalam pelaksanaan aktivitas operasional serta bisnis         guidelines for the execution of the Bank’s operational and
   Bank.                                                              business activities.
2. Credit Risk Approval, yang berfungsi sebagai mitra strategis   2. Credit Risk Approval, which served as a strategic partner
   bagi unit bisnis dalam penerapan four-eyes principle.              to business units in the implementation of the four-eyes
                                                                      principle.
3. Risk Business Control, yang bertanggung jawab                  3. Risk Business Control, which was responsible for carrying
   menjalankan fungsi pengendalian internal sebagai langkah           out internal control functions as a mitigation measure for
   mitigasi risiko operasional di seluruh unit kerja, baik di         operational risks across all working units, both at the head




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    kantor pusat maupun seluruh jaringan kantor cabang Bank              office and throughout the branch network of Bank Mandiri
    Mandiri Taspen.                                                      Taspen.


Mengacu pada Arsitektur Kebijakan Bank Mandiri Taspen,               Referring to Bank Mandiri Taspen’s Policy Architecture, the
penerapan manajemen risiko berlandaskan pada Kebijakan               implementation of risk management was based on the Bank’s
Manajemen Risiko Bank Mandiri Taspen, yang selanjutnya               Risk Management Policy, which subsequently served as
menjadi acuan dalam penyusunan Standar Prosedur serta                the reference for the preparation of more detailed Standard
Petunjuk Teknis Operasional yang lebih terperinci.                   Operating Procedures (SOPs) and Operational Technical
                                                                     Guidelines.


Guna memperoleh gambaran kondisi risiko yang menyeluruh              In order to obtain a comprehensive and continuous overview
dan berkesinambungan, Bank Mandiri Taspen menyusun                   of the Bank’s risk condition, Bank Mandiri Taspen prepared
laporan Profil Risiko Bank setiap triwulan dan Laporan penilaian     a quarterly Risk Profile Report and a semi-annual Bank
Tingkat Kesehatan Bank dengan menggunakan pendekatan                 Soundness Assessment Report using the Risk-Based Bank
risiko (Risk Based Bank Rating/RBBR) setiap semester , yang          Rating (RBBR) approach, both of which were submitted to the
keduanya dilaporkan kepada Otoritas Jasa Keuangan.                   Financial Services Authority (OJK).


Laporan profil risiko tersebut mencakup penilaian atas risiko        The risk profile report covered the assessment of inherent
yang melekat dalam kegiatan bisnis Bank (inherent risk) serta        risks in the Bank’s business activities and the quality of Risk
kualitas penerapan Manajemen Risiko terhadap 8 (delapan)             Management implementation across eight (8) types of risk,
jenis risiko, yaitu risiko kredit, pasar, likuiditas, operasional,   namely credit risk, market risk, liquidity risk, operational risk,
hukum, strategik, reputasi, dan kepatuhan. Di samping                legal risk, strategic risk, reputational risk, and compliance risk.
penyusunan profil risiko, Bank juga melakukan penilaian atas         In addition, the Bank also conducted assessments of Good
aspek Good Corporate Governance (GCG), rentabilitas, dan             Corporate Governance (GCG), profitability, and capital adequacy
permodalan sebagai bagian dalam penilaian Tingkat Kesehatan          as part of the Bank Soundness assessment, in accordance
Bank dengan berpedoman pada parameter yang ditetapkan                with the parameters set out in Financial Services Authority
dalam POJK Nomor 4/POJK.03/2016 tanggal 26 Januari 2016              Regulation (POJK) No. 4/POJK.03/2016 dated 26 January 2016
tentang Penilaian Tingkat Kesehatan Bank Umum.                       concerning Assessment of Commercial Bank Soundness.


Mempertimbangkan model bisnis Bank Mandiri Taspen saat               Considering the current business model of Bank Mandiri Taspen,
ini, Bank memiliki risiko yang menjadi prioritas utama dalam         the Bank prioritized the management of key risks, namely Credit
pengelolaannya mencakup Risiko Kredit, Risiko Pasar, Risiko          Risk, Market Risk, Liquidity Risk, and Operational Risk. The Bank
Likuiditas, dan Risiko Operasional. Bank senantiasa dihadapkan       was continuously exposed to various risks arising from both
pada berbagai risiko yang bersumber dari faktor internal maupun      internal and external factors, whether controllable or beyond
eksternal, baik yang dapat dikendalikan maupun yang berada           the Bank’s control, all of which could potentially impact the
di luar kendali Bank, dan seluruhnya berpotensi memberikan           Bank’s performance, either directly or indirectly. In this regard,
dampak terhadap kinerja Bank secara langsung maupun                  Bank Mandiri Taspen undertook financial risks in a measured
tidak langsung. Atas hal tersebut, Bank Mandiri Taspen dalam         and controlled manner while adhering to prudential principles.
sebagian besar bisnisnya mengambil risiko keuangan secara            The risk management process was implemented proactively,
terukur, terkendali, dan tetap berpegang pada prinsip kehati-        systematically, and with discipline, covering all types of risks
hatian. Proses pengelolaan risiko pada Bank dilaksanakan             across the Bank’s activities, particularly credit, market, liquidity,
secara proaktif, sistematis, dan berdisiplin, mencakup seluruh       and operational risks. Meanwhile, reputational risk, legal risk,
jenis risiko pada setiap aktivitas Bank, khususnya risiko kredit,    and compliance risk were managed in an integrated manner as
risiko pasar, risiko likuiditas, dan risiko operasional. Adapun      part of the Bank’s operational risk management framework.
risiko reputasi, risiko hukum, dan risiko kepatuhan dikelola
secara terintegrasi sebagai bagian dari kerangka pengelolaan
risiko operasional Bank.


Manajemen menggunakan pendekatan pengelolaan risiko                  Management applied a comprehensive risk management
menyeluruh berdasarkan prinsip-prinsip dan nilai-nilai yang          approach based on sound principles and values, including a well-
baik, meliputi strategi risiko yang terdefinisi dengan baik,         defined risk strategy, an appropriate Board structure, and active
struktur dewan yang tepat dan komite kerja yang aktif dengan         working committees with clearly defined roles, responsibilities,
peran, tanggung jawab, wewenang dan jenjang pendelegasian            authorities, and delegation hierarchies. The Bank’s risk
yang jelas. Manajemen risiko pada Bank ditelaah berdasarkan          management was reviewed based on key performance
indikator kinerja utama yang disebarluaskan melalui manual           indicators, which were disseminated through policy manuals




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dan dokumentasi kebijakan serta dinilai dan diaudit secara         and documentation, and was independently assessed and
independen.                                                        audited which were disseminated through policy manuals and
                                                                   documentation, and were independently assessed and audited.


Bank Mandiri Taspen menerapkan manajemen risiko dan                Bank Mandiri Taspen implemented risk management and
sistem pengendalian internal secara efektif yang disesuaikan       an effective internal control system that was aligned with
dengan tujuan dan kebijakan usaha, ukuran dan kompleksitas         its business objectives and policies, as well as the size
yang disesuaikan dengan kegiatan usaha Bank Mandiri                and complexity of its operations, in accordance with the
Taspen dengan berpedoman pada persyaratan dan tata                 requirements and procedures stipulated under Financial
cara sebagaimana ditetapkan dalam Peraturan Otoritas Jasa          Services Authority (OJK) regulations, and by referring to the
Keuangan (POJK), maupun dengan mengacu pada tindakan-              following measures:
tindakan sebagai berikut.
1. Melakukan identifikasi dan pengendalian seluruh risiko          1. Identifying and controlling all risks, including those arising
    termasuk yang berasal dari produk baru dan aktivitas baru.        from new products and new activities.
2. Dalam pengendalian risiko, Bank Mandiri Taspen telah            2. Implementing an integrated Risk Management Framework
    mengimplementasikan suatu kerangka Dasar Manajemen                to ensure effective and optimal risk management, supported
    Risiko (Risk Management Framework) secara terpadu.                by a Risk Management Committee that discusses overall
    Agar penerapan manajemen risiko dapat berjalan dengan             risk issues faced by the Bank and recommends risk
    efektif dan optimal, Bank Mandiri Taspen telah memiliki           management policies to the Board of Directors.
    Komite Manajemen Risiko yang berfungsi untuk membahas
    permasalahan risiko yang dihadapi Bank Mandiri Taspen
    secara keseluruhan dan merekomendasikan kebijakan
    manajemen risiko kepada Direksi.
3. Memiliki Satuan Kerja Manajemen Risiko (SKMR) yang              3. Maintaining a Risk Management Work Unit (SKMR) to
    bertujuan untuk meyakinkan bahwa risiko yang dihadapi             ensure that risks faced by the Bank are properly identified,
    Bank Mandiri Taspen dapat diidentifikasi, diukur, dipantau,       measured, monitored, controlled, and reported through an
    dikendalikan, dan dilaporkan dengan benar melalui                 appropriate risk management framework.
    penerapan kerangka kerja manajemen risiko yang sesuai.
4. Bank Mandiri Taspen telah membentuk beberapa Komite             4. Establishing several specialized committees to manage
    lain yang bertugas untuk menangani risiko secara lebih            specific risks, including the Credit Policy Committee, Credit
    spesifik antara lain: Komite Kebijakan Perkreditan, Komite        Committee, and Asset and Liability Committee (ALCO).
    Kredit serta Komite Aset dan Pasiva (Asset and Liabilities
    Committee – ALCO).
5. Memastikan bahwa penyusunan sistem dan prosedur kerja           5. Ensuring that the development of systems and procedures
    yang ada telah memperhatikan sisi operasional maupun              considers both operational and business aspects as well as
    bisnis serta tingkat risiko yang mungkin terjadi dalam suatu      the level of risks that may arise within each work unit.
    unit kerja.
6. Memastikan sistem pengendalian internal telah diterapkan        6. Ensuring that the internal control system is implemented in
    sesuai ketentuan.                                                  accordance with applicable regulations.
7. Memantau kepatuhan Bank Mandiri Taspen dengan prinsip           7. Monitoring compliance with sound banking principles
    pengelolaan bank yang sehat sesuai dengan ketentuan                through the Compliance Unit in accordance with prevailing
    yang berlaku melalui unit kerja Satuan Kerja Kepatuhan.            regulations.
8. Membuat Laporan Profil Risiko Bank Mandiri Taspen setiap        8. Preparing quarterly Risk Profile Reports and semi-annual
    triwulan dan Leporan Tingkat Kesehatan Bank Mandiri                Bank Soundness Assessment Reports and submitting
    Taspen setiap semesteran serta menyampaikannya kepada              them to the Financial Services Authority (OJK) in a timely
    OJK secara tepat waktu.                                            manner.
9. Mengawal pengembangan Sistem Informasi dan Teknologi            9. Overseeing the development of Information Technology
    serta Keamanan Siber yang ada di Bank Mandiri Taspen.              systems and Cybersecurity within the Bank.
10. Menetapkan dan mengevaluasi Rencana Aksi Pemulihan             10. Establishing and evaluating the Recovery Plan and
    (Recovery Plan) dan menyampaikannya kepada OJK secara              submitting it to OJK in a timely manner.
    tepat waktu
11. Menetapkan dan mengevaluasi Rencana Resolusi                   11. Establishing and evaluating the Resolution Plan and
    (Resolution Plan) dan menyampaikannya kepada LPS                   submitting it to the Indonesia Deposit Insurance Corporation
    secara tepat waktu.                                                (LPS) in a timely manner.




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Pengawasan Aktif Direksi dan Dewan Komisaris                     Active Supervision of the Board of Directors and
                                                                 Board of Commissioners

Dewan Komisaris dan Direksi bertanggung jawab atas               The Board of Commissioners and the Board of Directors were
penerapan manajemen risiko dan sistem pengendalian               responsible for the implementation of risk management and
internal di Bank Mandiri Taspen. Wujud nyata pengawasan          the internal control system at Bank Mandiri Taspen. The active
aktif Dewan Komisaris Bank Mandiri Taspen tercermin dari         supervisory role of the Board of Commissioners was reflected
pemberian persetujuan atas Kebijakan Manajemen Risiko            in the approval of the Risk Management Policy, which was
yang disusun dan dievaluasi oleh Direksi secara berkala, serta   prepared and periodically evaluated by the Board of Directors,
melalui pelaksanaan evaluasi atas implementasi kebijakan         as well as through periodic evaluation of its implementation
manajemen risiko tersebut melalui forum rapat Direksi dan        in joint meetings of the Board of Directors and the Board of
Komisaris secara berkala. Dalam pelaksanaannya, pengawasan       Commissioners.In its execution, the active supervision of
aktif Dewan Komisaris didukung oleh Komite Pemantau              the Board of Commissioners was supported by the Risk
Risiko, sedangkan pelaksanaan pengawasan aktif Direksi juga      Oversight Committee, while the active supervision of the
dilakukan melalui forum rapat Direksi dan Komite Manajemen       Board of Directors was also carried out through meetings of
Risiko (KMR), Komite Kebijakan Perkreditan (KKP) dan Asset       the Board of Directors and key committees, namely the Risk
Liability Committee (ALCO). Sebagai bagian pengawasan aktif      Management Committee (RMC), the Credit Policy Committee
Dewan Komisaris dan Direksi, kualitas Sumber Daya Manusia        (CPC), and the Asset and Liability Committee (ALCO). As part
(SDM) yang memadai merupakan salah satu aspek penting            of the active supervision of both the Board of Commissioners
dalam penerapan manajemen risiko. Pemenuhan kualitas SDM         and the Board of Directors, the adequacy of human resources
tersebut antara lain dilakukan melalui pengembangan program      (HR) was recognized as a key aspect in the implementation of
pendidikan dan pelatihan pegawai seperti program Sertifikasi     risk management. The fulfillment of HR quality was achieved
Manajemen Risiko serta program pelatihan atau sosialisasi        through employee education and training programs, including
internal dengan materi Manajemen Risiko.                         Risk Management Certification programs and internal training
                                                                 or socialization programs on Risk Management.


Penerapan manajemen risiko dan sistem pengendalian internal      Implementation of Risk Management and Internal Control
Bank Mandiri Taspen mencakup:                                    System at Bank Mandiri Taspen
1. Pengawasan yang dilakukan oleh Dewan Komisaris                1. Supervision by the Board of Commissioners
   Pengawasan yang dilakukan oleh Dewan Komisaris adalah             The supervision carried out by the Board of Commissioners
   sebagai berikut.                                                  included the following:
   • Mengevaluasi kebijakan manajemen risiko dalam hal               • Evaluating the risk management policy in the event of
       terdapat perubahan faktor-faktor yang mempengaruhi                changes in factors affecting the Bank’s activities.
       kegiatan Bank.
   • Mengevaluasi pertanggungjawaban Direksi atas                   •   Assessing the Board of Directors’ accountability for the
       pelaksanaan kebijakan manajemen risiko.                          implementation of risk management policies.
   • Mengevaluasi dan memutuskan permohonan atau                    •   Evaluating and deciding on requests or proposals
       usulan Direksi yang berkaitan dengan transaksi                   from the Board of Directors related to transactions or
       atau kegiatan usaha yang melampaui kewenangan                    business activities that exceed the Board of Directors’
       Direksi untuk memutuskannya sehingga memerlukan                  authority and therefore require approval from the Board
       persetujuan Dewan Komisaris.                                     of Commissioners.
   • Mengevaluasi        kecukupan   kebijakan,  prosedur,          •   Assessing the adequacy of policies, procedures, limit
       penetapan limit dan kecukupan proses identifikasi,               settings, and the processes of risk identification,
       pengukuran, pemantauan, dan pengendalian risiko                  measurement, monitoring, and control, as well as the
       serta sistem informasi manajemen risiko.                         risk management information system.


2. Pengawasan yang Dilakukan Direksi                             2. Supervision by the Board of Directors
   Pengawasan Direksi dengan wewenang dan tanggung                  The supervisory roles and responsibilities of the Board of
   jawab adalah sebagai berikut.                                    Directors included the following:
   • Bertanggung jawab atas pelaksanaan kebijakan                   • Being responsible for the implementation of risk
      manajemen risiko termasuk mengevaluasi dan                        management policies, including evaluating and
      memberikan arahan strategi manajemen risiko                       providing strategic direction based on reports
      berdasarkan laporan yang disampaikan oleh Satuan                  submitted by the Risk Management Unit, and reporting
      Manajemen Risiko dan menyampaikan laporan                         accountability to the Board of Commissioners.
      pertanggungjawaban kepada Dewan Komisaris.




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    •   Mengevaluasi dan memutuskan transaksi yang                       •   Evaluating and approving transactions that exceed the
        melampaui kewenangan pejabat satu tingkat di bawah                   authority of one level below the Board of Directors or
        Direksi atau transaksi yang memerlukan persetujuan                   require approval in accordance with applicable policies
        sesuai dengan kebijakan dan prosedur yang berlaku.                   and procedures.
    •   Mengembangkan budaya manajemen risiko antara lain                •   Developing a risk management culture, including
        meliputi komunikasi yang memadai kepada seluruh                      ensuring adequate communication across all
        jenjang organisasi tentang pentingnya pengendalian                   organizational levels regarding the importance of
        intern yang efektif.                                                 effective internal control.
    •   Memastikan peningkatan kompetensi sumber daya                    •   Ensuring the continuous improvement of human
        manusia yang terkait dengan penerapan manajemen                      resource competencies related to risk management
        risiko antara lain dengan cara program pendidikan                    implementation through ongoing education and
        dan latihan yang berkesinambungan terutama yang                      training programs, particularly those related to risk
        berkaitan dengan sistem dan proses manajemen risiko.                 management systems and processes.
    •   Memastikan       bahwa     fungsi    manajemen risiko            •   Ensuring the independence of the risk management
        dilaksanakan secara independen yang dicerminkan                      function, reflected in the segregation between the
        antara lain adanya pemisahan fungsi antara Satuan                    Risk Management Unit (responsible for identifying,
        Kerja Manajemen Risiko yang melakukan identifikasi,                  measuring, monitoring, and controlling risks) and the
        pengukuran,       pemantauan      dan     pengendalian               business/transaction units.
        risiko dengan satuan kerja yang melakukan dan
        menyelesaikan transaksi.
    •   Melakukan identifikasi untuk memastikan bahwa risiko             •   Ensuring that risks from new products and activities
        dari produk dan aktivitas yang baru telah melalui proses             are properly identified and reviewed through a
        pengendalian manajemen risiko yang layak sebelum                     risk management process prior to implementation,
        diperkenalkan atau dijalankan dan harus disetujui oleh               and are approved by the Board of Directors based
        Direksi dan direkomendasikan oleh Komite Manajemen                   on recommendations from the Risk Management
        Risiko terlebih dahulu.                                              Committee.
    •   Melakukan pengendalian internal dengan cara                      •   Implementing internal control by conducting periodic
        melakukan penilaian secara berkala, menerapkan                       assessments, applying sound guidelines and practices,
        pedoman dan praktek-praktek yang sehat untuk                         and executing corrective actions to manage and
        mengendalikan dan mengatasi risiko melalui                           mitigate risks.
        serangkaian tindakan korektif.


Kecukupan Kebijakan, Prosedur, dan Penetapan Limit                   Adequacy of Policies, Procedures and Determination
                                                                     of Limit

Penerapan Manajemen Risiko di Bank Mantap didukung                   Risk Management implementation at Bank Mandiri Taspen
dengan kerangka yang mencakup kebijakan dan prosedur                 was supported by a framework comprising risk management
Manajemen Risiko serta limit Risiko yang ditetapkan sejalan          policies, procedures, and risk limits established in line with the
dengan visi, misi, dan strategi bisnis Bank.                         Bank’s vision, mission, and business strategy.


Kebijakan Manajemen Risiko Bank Mandiri Taspen terdiri dari:         The Risk Management Policy of Bank Mandiri Taspen consisted of:
a. Pedoman Penerapan Manajemen Risiko Secara Umum                    a. General Guidelines for Risk Management Implementation
   Proses manajemen risiko dilaksanakan di seluruh unit kerja            The risk management process was implemented across
   Bank merupakan proses yang dinamis dan secara rutin                   all Bank work units as a dynamic process that was
   dibandingkan dengan best practices industri, ketentuan                regularly benchmarked against industry best practices
   yang berlaku untuk disesuaikan dan diperbaharui apabila               and applicable regulations, and updated when necessary.
   diperlukan. Pelaksanaan manajemen risiko dilakukan dalam              The implementation of risk management was carried out
   suatu rangkaian yang terdiri dari:                                    through the following stages:
   1. Identifikasi Risiko                                                1. Risk Identification
        Identifikasi Risiko bertujuan untuk mengetahui                       Risk identification aimed to identify all types of
        seluruh jenis risiko yang melekat pada setiap aktivitas              risks inherent in each functional activity that could
        fungsional yang berpotensi merugikan Bank. Identifkasi               potentially cause losses to the Bank. The process was
        risiko bersifat proaktif (anticipative) dan bukan reaktif.           proactive (anticipative) rather than reactive, covering
        mencakup seluruh aktivitas fungsional (kegiatan                      all operational activities, integrating and analyzing risk




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       operasional. menggabungkan dan menganalisis                          information from all available sources, and assessing
       informasi risiko dari seluruh sumber informasi yang                  the probability and impact of risks.
       tersedia. Menganalisis probabilitas timbulnya risiko
       serta konsekuensinya.
    2. Pengukuran risiko                                                2. Risk Measurement
       1) Pengukuran risiko bertujuan untuk mengetahui                     1) Aimed to determine the level of risk inherent in
            besaran risiko yang melekat pada aktivitas Bank untuk              Bank activities to be compared with the Bank’s risk
            dibandingkan dengan risk appetite Bank sehingga                    appetite, enabling mitigation actions and capital
            Bank dapat mengambil tindakan mitigasi risiko dan                  allocation for risk coverage.
            menentukan modal untuk meng-cover risiko
       2) Pengukuran dilakukan secara individual maupun                     2) Conducted on both individual and aggregate levels.
            secara keseluruhan.
       3) Metode pengukuran risiko dapat dilakukan secara                   3) Used qualitative and/or quantitative methods.
            kualitatif dan atau kuantitatif
       4) Model yang digunakan dalam pengukuran risiko                     4) Models applied were required to be well
            dapat dipahami dan diketahui kekuatan, kelemahan,                  understood, including their strengths, weaknesses,
            serta limitasinya.                                                 and limitations.
    3. Pemantauan risiko                                                3. Risk Monitoring
       Pemantauan dapat dilakukan dengan membandingkan                     Conducted by comparing established risk limits with
       limit risiko yang telah ditetapkan dengan besaran risiko            the current level of risk being managed.
       yang sedang dikelola.
    4. Pengendalian risiko                                              4. Risk Control
       Pengendalian risiko Pengendalian risiko harus                       Risk control was carried out to prevent breaches of risk
       dilakukan terhadap potensi terjadinya pelampauan atas               limits that had been set and tolerated by Bank Mandiri
       limit risiko yang telah ditetapkan dan dapat ditolerir              Taspen.
       oleh Bank Mandiri Taspen.


b. Pedoman Penilaian Tingkat Kesehatan Bank                         b. Bank Soundness Assessment Guidelines
   Penilaian kesehatan bank mengacu pada:                              Bank soundness assessment referred to:
   • Peraturan Otoritas Jasa Keuangan No.04/POJK.03/2016               • Financial Services Authority Regulation (POJK) No.
      tanggal 27 Januari 2016 tentang Penilaian Tingkat                   04/POJK.03/2016 concerning Bank Soundness
      Kesehatan Bank Umum.                                                Assessment
   • Peraturan Otoritas Jasa Keuangan No. 18/POJK.03/2016              • POJK No. 18/POJK.03/2016 concerning Risk
      tanggal 22 Maret 2016 tentang Penerapan Manajemen                   Management Implementation for Commercial Banks
      Risiko Bagi Bank Umum.
   • Surat Edaran Otoritas Jasa Keuangan No.34/                         •   SEOJK No. 34/SEOJK.03/2016 concerning Risk
      SEOJK.03/26 tanggal 01 September 2016 tentang                         Management Implementation for Commercial Banks
      Penerapan Manajemen Risiko Bagi Bank Umum.
   • Surat Edaran Otoritas Jasa Keuangan No.14/                         •   SEOJK No. 14/SEOJK.03/2017           concerning    Bank
      SEOJK/03/2017 tanggal 17 Maret 2017 tentang                           Soundness Assessment
      Penilaian Tingkat Kesehatan Bank Umum.
   • Kebijakan Manajemen Risiko Bank Mandiri Taspen.                    •   Bank Mandiri Taspen Risk Management Policy


Dalam melaksanakan kegiatan berdasarkan prinsip kehati-             These policies formed the basis for a structured and prudential
hatian, Bank harus mampu mengidentifikasi permasalahan              risk management implementation framework within the
secara lebih dini, melakukan tindak lanjut perbaikan yang sesuai    Bank. In conducting its activities under prudential principles,
dan lebih cepat, menerapkan Good Corporate Governance               the Bank must be able to identify issues at an early stage,
(GCG) dan manajemen risiko yang lebih baik sehingga Bank            implement appropriate and timely corrective actions, and
siap dan lebih tahan dalam menghadapi krisis. Perubahan             apply Good Corporate Governance (GCG) and enhanced risk
kondisi makro ekonomi baik domestik maupun internasional            management practices to ensure the Bank is better prepared
juga mengharuskan Bank melakukan evaluasi posisi modal dan          and more resilient in facing crises. Changes in both domestic
finansial Bank dalam suatu skenario bersifat luar biasa (stress).   and international macroeconomic conditions also require the
                                                                    Bank to evaluate its capital and financial position under extreme
                                                                    (stress) scenarios.




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Penilaian Tingkat Kesehatan Bank Umum (Risk Based Bank                 The Bank Soundness Assessment (Risk-Based Bank Rating/
Rating/RBBR) sebagai pelaksanaan ketentuan Regulator                   RBBR) serves as a regulatory framework for assessing bank
untuk menilai kesehatan Bank diharapkan mampu mendeteksi               soundness and is expected to enable early detection of potential
secara lebih dini permasalahan Bank serta mengambil langkah-           issues, as well as support preventive measures, corrective
langkah pencegahan, perbaikan, pengelolaan modal secara                actions, and efficient and effective capital management.
efektif dan efisien.


Pedoman tentang penilaian kesehatan bank mengatur hal-hal              The guidelines for bank soundness assessment regulate the
yang harus dilaksanakan oleh unit kerja terkait, mencakup hal-         responsibilities of relevant work units, covering the following:
hal sebagai berikut:
1. Penilaian Tingkat Kesehatan Bank Berdasarkan Risiko                 1. Risk-Based Bank Soundness Assessment (RBBR), which is
    (RBBR), yaitu penilaian Tingkat Kesehatan Bank yang                   conducted using the risk-based approach as defined by the
    telah ditentukan oleh Regulator, dengan menggunakan                   regulator.
    pendekatan risiko (RBBR).
2. Aktivitas penilaian Tingkat Kesehatan Bank berdasarkan              2. The assessment covers risk profile, Good Corporate
    risiko mencakup penilaian atas faktor-faktor profil risiko (risk      Governance (GCG), earnings, and capital to determine the
    profile), Good Corporate Governance (GCG), rentabilitas               Bank’s composite rating.
    (earnings), dan permodalan (capital) untuk menghasilkan
    Peringkat Komposit Tingkat Kesehatan Bank.


Penilaian tingkat kesehatan Bank dengan pendekatan RBBR                The RBBR implementation process is carried out as follows:
dilakukan sebagai berikut:
a. Unit kerja koordinator berkoordinasi dengan unit kerja              a.   The coordinating unit collaborates with relevant units to
    terkait menyusun laporan profil risiko yang menjadi tugas               prepare risk profile reports.
    dan tanggung jawabnya.
b. Unit kerja terkait menyampaikan laporan profil risiko kepada        b. Relevant units submit risk profile reports to the coordinating
    unit kerja coordinator.                                               unit.
c. Unit kerja koordinator melakukan proses konsolidasi profil          c. The coordinating unit consolidates the risk profile reports
    risiko untuk selanjutnya disampaikan kepada regulator.                and submits them to the regulator.
d. Unit kerja koordinator melakukan koordinasi dengan unit             d. The coordinating unit coordinates with relevant units to
    kerja terkait melakukan hal-hal sebagai berikut:                      assess:
    1) menilai Good Corporate Governance (GCG).                           1. Good Corporate Governance (GCG)
    2) menilai rentabilitas (Earnings).                                   2. Earnings
    3) menilai permodalan (Capital).                                      3. Capital
e. Unit Kerja Koordinator melakukan penilaian komposit                 e. The coordinating unit determines the RBBR composite
    RBBR.                                                                 rating.
f. Hasil Penilaian RBBR disetujui oleh Direksi dan dilaporkan          f. The RBBR assessment results are approved by the Board
    kepada Regulator dan Dewan Komisaris.                                 of Directors and reported to the regulator and the Board of
                                                                          Commissioners.

Kebijakan Manajemen Risiko tersebut lebih rinci dijabarkan             This Risk Management Policy is further detailed in the internal
dalam Ketentuan Internal Bank Mandiri Taspen .                         provisions of Bank Mandiri Taspen.


Kecukupan Proses Identifikasi, Pengukuran,                             Adequacy Process of Identification Measurement,
Pemantauan, dan Pengendalian Risiko, serta Sistem                      Monitoring, and Control of Risks, as Well as Risk
Informasi Manajemen Risiko                                             Management Information System

Proses manajemen risiko Bank Mandiri Taspen meliputi                   Risk management process of Bank Mandiri Taspen includes
identifikasi, pengukuran, pemantauan dan pengendalian                  identification, measurement, monitoring, and control of 8 (eight)
terhadap 8 (delapan) jenis risiko serta Sistem Informasi               kinds of risks as well as Risk Management Information System.
Manajemen Risiko. Bank Mandiri Taspen   mengidentifikasi               Bank Mandiri Taspen identifies risks by analyzing source of
risiko dengan menganalisis sumber risiko yang terdapat pada            risks in its businesses (products/ portfolios/activities) and
bisnis (produk/portofolio/aktivitas) dan kemudian mengukur             then performs measurements quantitatively and qualitatively
secara kuantitatif dan atau kualitatif sesuai metode pengukuran        in accordance with measurements set by the Regulator. Risk
yang ditetapkan oleh Regulator. Sistem pengukuran risiko juga          measurementsystem is accompanied with stress testing




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dilengkapi dengan metode stress testing untuk risiko kredit      method for Liquidity risk. Furthermore, the risk monitoring
dan risiko Likuiditas. Selanjutnya proses pemantauan dan         process carried out by the Risk Owner Unit and Risk Control
pemantauan risiko dilakukan oleh Risk Owner Unit dan Risk        Unit are presented in the form of portfolio reports, risk profile
Control Unit yang disajikan dalam bentuk laporan portofolio,     reports, and Bank Health Level reports. Risk Management
laporan profil risiko, dan laporan Tingkat Kesehatan Bank.       Information System of Bank Mandiri Taspen is used to support
Sistem Informasi Manajemen Risiko Bank Mandiri Taspen            the implementation of process of identification, measurement,
digunakan untuk mendukung pelaksanaan proses indentifikasi,      monitoring, and control of risks Bank Mandiri Taspen already
pengukuran, pemantauan serta pengendalian risiko. Bank           has a risk tool in the context of risk management, including
Mandiri Taspen telah mengembangkan beberapa aplikasi             implementing health video staging for pension loan acquisitions,
manajemen risiko, antara lain Dashboard Kualitas Portofolio      implementing scoring models in micro booths, guideline
Kredit, Operational Risk Focus (ORCUS), Treasury System,         portfolios, determination of Risk Appetite Statement (RAS),
Aset & Liabilities Management System (ATLAS), dan Fraud          Development of Operational Risk Focus (ORCUS), procurement
Detection System (FDS)                                           of treasury system, asset and liabilities management system
                                                                 and Fraud Detection System (FDS).


SISTEM INFORMASI MANAJEMEN RISIKO                                RISK MANAGEMENT INFORMATION SYSTEM


1. Sistem informasi Manajemen Risiko merupakan bagian            1. The Risk Management Information System is part of the
   dari sistem informasi manajemen yang dimiliki dan                management information system owned and developed
   dikembangkan sesuai dengan kebutuhan dalam rangka                in accordance with the needs of Risk Management
   penerapan Manajemen Risiko.                                      implementation.
2. Sebagai bagian dari proses Manajemen Risiko, sistem           2. As part of the risk management process, the Risk
   informasi Manajemen Risiko digunakan untuk mendukung             Management Information System is used to support
   pelaksanaan proses identifikasi, pengukuran, pemantauan,         the implementation of risk identification, measurement,
   dan pengendalian Risiko.                                         monitoring, and control processes.
3. Sistem informasi Manajemen Risiko dapat memastikan:           3. The Risk Management Information System ensures the
                                                                    following:
   a.  Tersedianya informasi yang akurat, lengkap, informatif,      a. Availability of accurate, complete, timely, reliable,
       tepat waktu, dan dapat diandalkan agar dapat                      and informative data to be used by the Board of
       digunakan Dewan Komisaris, Direksi, dan Satuan                    Commissioners, Board of Directors, and relevant
       Kerja yang terkait dalam penerapan Manajemen Risiko               working units in assessing, monitoring, and mitigating
       untuk menilai, memantau, dan memitigasi Risiko yang               risks—both overall/portfolio risk and individual risks—
       dihadapi baik Risiko keseluruhan/komposit maupun                  as well as supporting decision-making by the Board of
       per Risiko dan/atau dalam rangka proses pengambilan               Directors.
       keputusan oleh Direksi.
   b. Efektivitas penerapan Manajemen Risiko mencakup               b. Effectiveness of risk management implementation,
       kebijakan, prosedur, dan penetapan limit Risiko.                 including policies, procedures, and risk limit settings.
   c. Tersedianya informasi tentang hasil (realisasi)               c. Availability of information on the results (realization)
       penerapan Manajemen Risiko dibandingkan dengan                   of risk management implementation compared to
       target yang ditetapkan sesuai dengan kebijakan dan               the targets set in accordance with risk management
       strategi penerapan Manajemen Risiko.                             policies and strategies.
4. Sistem informasi Manajemen Risiko dan informasi               4. The Risk Management Information System and its outputs
   yang dihasilkan disesuaikan dengan karakteristik dan             are adjusted to the characteristics and complexity of the
   kompleksitas kegiatan usaha Bank serta adaptif terhadap          Bank’s business activities and are adaptable to changes.
   perubahan.
5. Kecukupan cakupan informasi yang dihasilkan dari sistem       5. The adequacy of the scope of information generated by
   informasi Manajemen Risiko diReview secara berkala               the Risk Management Information System is periodically
   untuk memastikan bahwa cakupan tersebut telah memadai            reviewed to ensure it remains sufficient in line with the
   sesuai perkembangan tingkat kompleksitas kegiatan usaha.         development of business complexity.
6. Sebagai bagian dari sistem informasi Manajemen Risiko,        6. As part of the Risk Management Information System,
   laporan profil Risiko disusun secara berkala oleh Satuan         risk profile reports are prepared periodically by the Risk
   Kerja Manajemen Risiko yang independen terhadap                  Management Work Unit, which is independent from
   unit kerja yang melakukan kegiatan bisnis. Frekuensi             business units. The frequency of reporting to the relevant
   penyampaian laporan kepada Direksi terkait dan Komite            Directors and the Risk Management Committee is increased
   Manajemen Risiko ditingkatkan sesuai kebutuhan.                  as needed.




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7. Sistem informasi Manajemen Risiko mendukung                  7. The Risk Management Information System supports
   pelaksanaan pelaporan kepada Otoritas Jasa Keuangan             reporting to the Financial Services Authority (OJK) and
   dan regulator terkait lainnya.                                  other relevant regulators.


Sistem Pengendalian Intern yang Menyeluruh                      Comprehensive Internal Control System

Proses penerapan Manajemen Risiko yang efektif dilengkapi       The process of effective Risk Management implementation
dengan sistem pengendalian intern yang handal. Penerapan        is accompanied with reliable internal control system. The
sistem pengendalian intern secara efektif dapat membantu        implementation of effective internal control system is able
pengurus menjaga aset Bank, menjamin tersedianya pelaporan      to help securing Bank’s assets, assuring the availability of
keuangan dan manajerial yang dapat dipercaya, meningkatkan      trustworthy financial and managerial reports, improving
kepatuhan terhadap ketentuan dan peraturan perundang-           compliance with applicable laws and regulations, and reducing
undangan yang berlaku, serta mengurangi Risiko terjadinya       the risks of loss, deviation, and violation to prudential aspect.
kerugian, penyimpangan dan pelanggaran aspek kehati-hatian.     The implementation of effective and reliable internal control
Terselenggaranya sistem pengendalian intern yang handal         system is the responsibility of all Operational Unit and
dan efektif menjadi tanggung jawab dari seluruh Satuan Kerja    Supporting Unit as well as Internal Audit Unit.
Operasional dan Satuan Kerja pendukung serta Satuan Kerja
Audit Intern.


Hal-hal yang diperhatikan dalam pelaksanaan sistem              Things that are considered in the implementation of the system
pengendalian intern antara lain:                                internal controls include:
1. Melaksanakan sistem pengendalian intern secara efektif       1. The application of effective internal control system in the
    dalam penerapan Manajemen Risiko dengan mengacu                 implementation of Risk Management is referring to the
    pada kebijakan dan prosedur yang telah ditetapkan.              policies and procedures that has been set.The adequate
    Penerapan prinsip pemisahan fungsi (four eyes principle)        implementation and consistent application of functions
    yang memadai dan dilaksanakan secara konsisten.                 separation principles (the four eyes principles).
2. Sistem pengendalian intern dalam penerapan Manajemen         2. Internal control system in the implementation of Risk
    Risiko mencakup:                                                Management includes:
    a. Kesesuaian antara sistem pengendalian intern dengan          a. Conformity between the internal control system and
        jenis dan tingkat Risiko yang melekat pada kegiatan              the Risk type and level attached to the Bank’s business
        usaha Bank.                                                      activities..
    b. Penetapan wewenang dan tanggung jawab untuk                  b. Setting the authorities and responsibilities for
        pemantauan kepatuhan kebijakan, prosedur, dan limit.             compliance monitoring of policies, procedures and
                                                                         limits.
   c. Penetapan jalur pelaporan dan pemisahan fungsi yang           c. Establishment of clear reporting line and function
      jelas dari satuan kerja operasional kepada satuan kerja            separation of operational unit to the unit performing
      yang melaksanakan fungsi pengendalian.                             control function.
   d. Struktur organisasi yang menggambarkan secara jelas           d. Organizational structure that clearly describes the
      tugas dan tanggung jawab masing-masing unit dan                    duties and responsibilities of each unit and individual.
      individu.
   e. Pelaporan keuangan dan kegiatan operasional yang              e.   Accurate and timely financial reporting and operational
      akurat dan tepat waktu.                                            activity.
   f. Kecukupan prosedur untuk memastikan kepatuhan                 f.   Adequacy of procedure to ensure compliance with
      terhadap ketentuan dan perundang-undangan yang                     applicable laws and regulations.
      berlaku.
   g. Kaji ulang yang efektif, independen, dan obyektif             g. Effective, independent, and objective review on policy,
      terhadap kebijakan, kerangka dan prosedur operasional            framework and operational procedure of the Bank.
      Bank.
   h. Pengujian dan kaji ulang yang memadai terhadap                h. Adequate testing and review towards the management
      sistem informasi manajemen.                                      information system.
   i. Dokumentasi secara lengkap dan memadai terhadap               i. Comprehensive and adequate documentation on the
      cakupan, prosedur-prosedur operasional, temuan                   scope, operational procedures, audit findings, as well
      audit, serta tanggapan pengurus berdasarkan hasil                as management’s remarks on audit result.
      audit.




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    j.  Verifikasi dan kaji ulang secara berkala dan                     j.   Periodic and continuous verification and review on
        berkesinambungan terhadap penanganan kelemahan-                       overcoming material disadvantages and management’s
        kelemahan yang bersifat material dan tindakan                         actions to repair deviations happen.
        pengurus       untuk    memperbaiki     penyimpangan-
        penyimpangan yang terjadi.
3. Pelaksanaan kaji ulang terhadap penerapan Manajemen               3. The conduct of review on the implementation of Risk
   Risiko sebagai berikut:                                              Management are as follows.
   a. Kaji ulang dan evaluasi dilakukan secara berkala, setiap          a. Review and evaluation are conducted periodically,
        tahun oleh Satuan Kerja Manajemen Risiko (SKMR) dan                annually by Risk Management Unit (SKMR) and Internal
        Satuan Kerja Audit Intern (SKAI).                                  Audit Unit (SKAI).
   b. Cakupan kaji ulang dan evaluasi dapat ditingkatkan                b. Scope of review and evaluation can be increased in
        frekuensi/intensitasnya, berdasarkan perkembangan                  its frequency/intensity, based on the development
        eksposur Risiko, metode pengukuran, dan pengelolaan                of Risk exposure, measurement method, and Risk
        Risiko.                                                            management.
   c. Khusus untuk kaji ulang dan evaluasi terhadap                     c. Specifically for reviewing and evaluating risk
        pengukuran Risiko oleh SKMR, mencakup:                             measurements by SKMR, including:
        1) Kesesuaian kerangka Manajemen Risiko, yang                      1) Conformity       between      Risk      Management
             meliputi kebijakan, struktur organisasi, alokasi                  framework,covering       policy,      organizational
             sumber daya, desain proses Manajemen Risiko,                      structure, resource allocation, design of Risk
             sistem informasi, dan pelaporan Risiko dengan                     Management process, information system, and
             kebutuhan bisnis Bank, serta perkembangan                         Risk reporting and business needs of the Bank and
             peraturan dan praktek terbaik (best practice) terkait             development of regulations and best practice on
             Manajemen Risiko.                                                 Risk Management.
        2) Metode, asumsi, dan variabel yang digunakan                     2) Method, assumption, and variable used to measure
             untuk mengukur Risiko dan menetapkan limit                        Risk and Risk exposure limit setting.
             eksposur Risiko.
        3) Perbandingan antara hasil dari metode pengukuran                   3) Comparison between the result of Risk
             Risiko yang menggunakan simulasi atau proyeksi di                   measurement method using simulation or
             masa datang dengan hasil aktual.                                    projection in the future and the actual result.
        4) Perbandingan antara asumsi yang digunakan                          4) Comparison between assumption used in the
             dalam metode dimaksud dengan kondisi yang                           aforementioned method and the actual condition.
             sebenarnya/aktual.
        5) Perbandingan antara limit yang ditetapkan dengan                 5) Comparison between specified limit and actual
             eksposur yang sebenarnya/aktual.                                  exposure.
        6) Penentuan kesesuaian antara pengukuran dan limit                 6) Determination of conformity between past
             eksposur Risiko dengan kinerja di masa lalu dan                   measurement and Risk exposure limit and current
             posisi permodalan saat ini.                                       capital position.
   d. Kaji ulang oleh pihak independen maupun SKAI antara                d. Review by independent party or SKAI include:
        lain mencakup:
        1) Keandalan kerangka Manajemen Risiko, yang                         1) Reliability of Risk Management framework covering
             mencakup kebijakan, struktur organisasi, alokasi                    policy, organizational structure, resource allocation,
             sumber daya, desain proses Manajemen Risiko,                        design of Risk Management process, information
             sistem informasi, dan pelaporan Risiko.                             system, and Risk reporting.
        2) Penerapan Manajemen Risiko oleh unit bisnis/                      2) Risk Management implementation by business
             aktivitas pendukung, termasuk kaji ulang terhadap                   units/ supporting activities including review on the
             pelaksanaan pemantauan oleh SKMR.                                   on monitoring conducted by SKMR.
4. Hasil penilaian kaji ulang oleh SKMR disampaikan kepada           4. Assessment results review by SKMR is presented to the
   Dewan Komisaris, Satuan Kerja Audit Intern (SKAI),                   Board of Commissioners, Internal Audit Unit (SKAI), Director
   Direktur Kepatuhan, Komite Audit, dan Direksi terkait                of Compliance, and other related Directors as inputs in
   lainnya sebagai masukan dalam rangka penyempurnaan                   refining Risk Management framework and process.
   kerangka dan proses Manajemen Risiko.
5. Perbaikan atas hasil temuan audit intern maupun                   5. Refinements on internal audit findings result or external
   ekstern dipantau oleh SKAI. Temuan audit yang belum                  audit result monitored by SKAI. Audit findings that have
   ditindaklanjuti diinformasikan oleh SKAI kepada Direksi              not been followed up are informed by SKAI to the Board of
   untuk diambil langkah-langkah yang diperlukan.                       Directors as to udergo such measurements.




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6. Tingkat responsif terhadap kelemahan dan/atau                           6. The level of responsiveness towards disadvantages and/
   penyimpangan yang terjadi terhadap ketentuan internal                      or deviations occurred against the applicable internal and
   dan eksternal yang berlaku.                                                external provisions.



Risk Appetite Statement (RAS)                                              Risk Appetite Statement (RAS)

Risk Appetite Statement (RAS) merupakan pernyataan yang                    The Risk Appetite Statement (RAS) represented a
menggambarkan secara menyeluruh tingkat risiko yang bersedia               comprehensive articulation of the level of risk that the Company
diambil oleh perusahaan dalam batas kapasitas risikonya,                   was willing to assume within its risk capacity, as part of its
sebagai bagian dari upaya pencapaian tujuan bisnis yang telah              efforts to achieve established business objectives. Bank Mandiri
ditetapkan. Bank Mandiri Taspen melakukan penyelarasan                     Taspen aligned its RAS parameters with the Recovery Plan
parameter RAS dengan Rencana Aksi Pemulihan dan Rencana                    and Bank Resolution Plan. In addition, Bank Mandiri Taspen
Resolusi Bank. Di samping itu, Bank Mandiri Taspen juga                    aligned its RAS with that of its parent entity, Bank Mandiri, as a
menyelaraskan RAS yang ditetapkan dengan RAS perusahaan                    reflection of a consistent risk management direction within the
induk, yaitu Bank Mandiri, sebagai wujud keselarasan arah                  group ecosystem. The Bank also ensured that each risk limit
pengelolaan risiko dalam satu ekosistem kelompok usaha. Bank               was monitored and managed consistently in accordance with
juga memastikan bahwa setiap limit risiko dapat dipantau dan               prudential principles. The risk dimensions along with the RAS
dikelola secara konsisten dengan prinsip kehati-hatian. Adapun             parameters implemented as the Bank’s risk appetite were as
dimensi risiko beserta parameter RAS yang diterapkan sebagai               follows:
risk appetite Bank Mandiri Taspen adalah sebagai berikut:



     Dimensi
                                              Statement                                                     Statement
    Dimensions

 Rentabilitas          Menjaga rentabilitas pada tingkat risiko yang rendah dalam    Maintained profitability at a low risk level to support
 Profitability         pencapaian laba di masa yang akan datang                      sustainable earnings generation in the future.

 Permodalan            Menjaga kecukupan modal untuk mendukung pencapaian            Maintained adequate capital to support the achievement of
 Capital               target bisnis yang terus bertumbuh                            continuously growing business targets.

 Risiko Kredit         Menjaga kualitas portfolio Kredit pada tingkkat risiko yang   Maintained the quality of the loan portfolio at a low level
 Credit Risk           rendah                                                        of risk.

 Risiko Likuiditas     Menjaga ketahanan likuiditas Bank dalam menghadapi            Maintained the Bank’s liquidity resilience in facing adverse
 Liquidity Risk        kondisi negatif dengan tingkat risiko yang rendah             conditions at a low level of risk.

 Risiko Pasar          Mendorong pertumbuhan bisnis dengan tetap menjaga             Drove business growth while maintaining prudent exposure
 Market Risk           eksposur risiko pasar                                         to market risk.

 Risiko Operasional    Menjaga eksposur kerugian Risiko Operasional yang rendah      Maintained low operational risk loss exposure arising from
 Operational Risk      akibat operational risk event                                 operational risk events.




Profil Risiko dan Pengelolaannya                                           Risk Profile and its Management

Penjelasan mengenai jenis risiko yang dihadapi oleh Bank                   An explanation of the types of risks faced by Bank Mandiri
Mandiri Taspen dan cara pengelolaannya dijabarkan sebagai                  Taspen and how to manage them are described as follows.
berikut.


Risiko Kredit                                                              Loan Risk

Risiko kredit merupakan risiko yang terjadi akibat kegagalan               Loan risk is a risk occurred due to the failure of debtor and/
debitur dan/atau pihak lain dalam memenuhi kewajibannya                    or other parties in fulfilling their responsibility to the Bank. In
kepada Bank. Untuk mengelola risikonya, Bank mengukur                      managing its risks, the Bank measure loan risk from existing
risiko kredit dari portofolio yang ada baik secara kuantitatif             portfolios quantitatively or qualitatively. This is to make sure
maupun kualitatif. Hal ini untuk memastikan kemungkinan                    that the possibility of losses from non-paid loan granted to a
kerugian dari tidak dibayarnya, kredit yang diberikan menjadi              minimum, for debtors both individual and as a whole.
seminimal mungkin, baik untuk debitur individual maupun
secara keseluruhan.




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Dalam melakukan pengelolaan risiko kredit, Bank berfokus              In managing credit risk, the Bank focused on several main
pada beberapa unsur utama yang meliputi sumber daya risiko            elements including risk-aware risk resources, credit policies
yang sadar risiko, kebijakan dan prosedur perkreditan yang            and procedures that prioritized the prudential principle, a
mengutamakan prinsip kehati-hatian, proses persetujuan kredit         transparent and tiered loans approval process by the Credit
yang transparan dan berjenjang oleh Komite Kredit, kriteria           Committee, clear criteria and risk measurement tools. , equitable
dan alat ukur risiko yang jelas, penyebaran risiko yang merata,       risk distribution, complete administration and documentation
administrasi dan dokumentasi yang lengkap serta pengawasan            as well as continuous loans supervision to maintain the quality
kredit secara berkesinambungan untuk menjaga kualitas kredit          of loans.
yang diberikan.


Bank melakukan pengawasan berkesinambungan untuk                      The Bank carried out continuous monitoring to identify potential
mengidentifikasi secara dini potensi risiko kredit yang               credit risks that may arise early so that efficient and effective
mungkin timbul sehingga dapat dilakukan langkah-langkah               rescue and settlement measures can be taken.
penyelamatan maupun penyelesaian yang efisien dan efektif.


Beberapa aktivitas monitoring dan evaluasi secara periodik            Several monitoring and evaluation activities periodically
sangat penting dilakukan untuk mewujudkan manajemen                   were very important to carry out in order to realize portfolio
portofolio yang sejalan dengan perkembangan bisnis Bank               management that was in line with the Bank’s business
secara tepat dan akurat. Aktivitas yang diperlukan antara lain,       development in a precise and accurate manner. The required
sebagai berikut:                                                      activities include the following:
1. Menyusun Risk Threshold Triger and Action Plan (RTTA),             1. Preparing the Risk Threshold Triger and Action Plan
    merupakan report bulanan dari unit portofolio risk yang              (RTTA), a monthly report from the risk portfolio unit
    ditujukan kepada Direksi hingga level Cabang. RTTA                   addressed to the Board of Directors to the Branch level. The
    berisikan summary performance portofolio kredit Bank                 RTTA contained a summary of the Bank’s credit portfolio
    pada posisi End of Month serta membahas aspek – aspek                performance at the End of Month position and discusses
    terkait credit risk, operational risk, market & liquidity risk.      aspects related to credit risk, operational risk, market &
                                                                         liquidity risk.
2. Mengimplementasikan Kebijakan evaluasi Booking,                    2. Implementing the Booking evaluation policy, applied to
   diberlakukan untuk produk yang mengalami pemburukan                   products that experienced poor performance compared to
   performance dibandingkan bulan sebelumnya.                            the previous month.
3. Mengimplementasikan Kebijakan Restrukturisasi Kredit,              3. Implementing the Credit Restructuring Policy, applied
   diberlakukan untuk debitur yang sudah kesulitan untuk                 to debtors who have difficulty meeting their monthly
   memenuhi kewajiban setiap bulannya.                                   obligations.


Risiko Likuiditas                                                     Liquidity Risk

Risiko likuiditas merupakan risiko akibat ketidakmampuan              Matured liabilities of sources of cash flow and/or of high quality
Bank untuk memenuhi liabilitas yang jatuh tempo dari sumber           liquid assets that can be pledged, without disrupting the Bank’s
pendanaan arus kas dan/atau dari aset likuid berkualitas tinggi       financial activity and condition. Liquidity risk management,
yang dapat diagunkan, tanpa mengganggu aktivitas dan                  among others, is carried out through efforts to improve services
kondisi keuangan Bank. Pengelolaan risiko likuiditas antara           to customers in order to maintain stability and continuity of
lain dilakukan melalui upaya peningkatan pelayanan kepada             the amount of deposits, fund placement policies on safe and
nasabah penyimpan dalam rangka menjaga stabilitas dan                 liquid instruments, contingency funding plan policy, and daily
kontinuitas jumlah simpanan, kebijakan penempatan dana                monitoring of liquidity position and evaluation of liquidity
pada instrumen yang aman dan likuid, kebijakan contingency            position through Asset Liability Committee (“ALCO”) meetings
funding plan, dan pemantauan posisi likuiditas secara harian          on a regular basis.
serta evaluasi posisi likuiditas melalui rapat Asset Liability
Committee (ALCO) secara rutin.


Bank Mandiri Taspen melakukan pengelolaan risiko likuiditas           Bank Mandiri Taspen conducts liquidity risk management in
agar dapat memenuhi setiap kewajiban finansial yang sudah             order to fulfill every financial obligation that has been agreed
diperjanjikan secara tepat waktu dan senantiasa dapat                 upon in a timely manner and can always maintain a balanced
memelihara tingkat likuiditas yang seimbang antara biaya              level of liquidity between costs and risks. To achieve this
dan risiko. Untuk mencapai tujuan tersebut Bank menetapkan            objective, the bank establishes a liquidity risk management
kebijakan pengelolaan risiko likuiditas, yang mencakup antara         policy, including among others the maintenance of optimum
lain pemeliharaan cadangan likuiditas yang optimal.                   liquidity reserves.




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Tingkat likuiditas bank diukur melalui primary reserve dan       The liquidity level of a bank is measured through primary
secondary reserve. Bank memelihara primary reserve dan           reserve and secondary reserve.The Bank maintains primary
secondary reserve untuk memenuhi kebutuhan operasional           reserve and secondary reserve to meet daily operational needs
harian dan sebagai cadangan untuk memenuhi kebutuhan             and as reserves to meet liquidity needs and unscheduled funds
likuiditas dan penarikan dana tidak terjadwal maupun ekspansi    withdrawal and loan expansion.
kredit.


Bank menggunakan metodelogi liquidity gap untuk                  The Bank utilizes the liquidity gap methodology to estimate
mengestimasi potensi risiko likuiditas yang akan dihadapi bank   potential liquidity risks that may be faced in the future. In
dimasa mendatang. Di samping primary reserve dan secondary       addition to maintaining primary and secondary reserves, the
reserve, bank memelihara rasio Loan to Funding Ratio (LFR)       Bank monitors the Loan to Funding Ratio (LFR) to evaluate
untuk memelihara seberapa besar sumber dana masyarakat           the extent to which public funds (typically short-term) are
(umumnya jangka pendek) digunakan untuk membiayai aset           used to finance long-term illiquid assets. LFR is the ratio of
jangka panjang yang tidak likuid. LFR merupakan rasio kredit     loans granted to third-party funds. The Bank also maintains its
yang diberikan terhadap dana pihak ketiga. Bank juga menjaga     liquidity adequacy by monitoring the Liquidity Coverage Ratio
kecukupan likuiditas Bank dengan menjaga rasio Liquidity         (LCR) and Net Stable Funding Ratio (NSFR). LCR is the ratio
Coverage Ratio (LCR) dan Net Stable Funding Ratio (NSFR).        of High Quality Liquid Assets (HQLA) to the stimated total net
LCR merupakan rasio antara High Quality Liquid Assets            cash outflows over the next 30 days under a crisis scenario,
(HQLA) dengan estimasi total arus kas keluar bersih (net cash    whereas NSFR is the ratio of Available Stable Funding to
outflow) selama 30 (tiga puluh) hari ke depan dalam skenario     Required Stable Funding.
krisis, sedangkan NSFR merupakan rasio perbandingan antara
pendanaan stabil yang tersedia (Available Stable Funding)
dengan pendanaan stabil yang diperlukan (Required Stable
Funding).


Risiko Pasar                                                     Market Risk

Komponen utama kewajiban Bank Mandiri Taspen yang sensitif       The main components of Bank Mandiri Taspen’s liabilities that
terhadap pergerakan tingkat sukubunga adalah simpanan            are sensitive to interest rate fluctuations include customer
nasabah serta surat berharga yang diterbitkan, sedangkan         deposits and issued securities, while its assets sensitive to
aset Bank Mandiri Taspen yang sensitif adalah surat berharga     interest rate changes include owned securities, interbank
yang dimiliki, penempatan Bank Lain dan kredit yang diberikan.   placements, and loans provided. So far, the primary factor
Sampai saat ini faktor yang mempengaruhi tingkat risiko pasar    influencing market risk is interest rate movement.
adalah suku bunga.


ALCO secara berkala memantau perkembangan pasar dan              ALCO regularly monitors market developments and adjusts
menyesuaikan tingkat suku bunga simpanan dan kredit yang         interest rates on deposits and loans accordingly. Bank Mandiri
diberikan. Bank Mandiri Taspen menentukan tingkat suku           Taspen determines deposit interest rates based on market
bunga simpanan berdasarkan kondisi pasar dan persaingan          conditions and competition, by monitoring benchmark interest
dengan memantau pergerakan tingkat suku bunga acuan dan          rate trends and the rates offered by competitors, in support
suku bunga yang ditawarkan oleh Bank pesaing dalam rangka        of business targets while maintaining prudential principles.
mendukung target bisnis dengan tetap memperhatikan prinsip       The Bank has established Treasury Policy Guidelines and
kehatian-hatian. Bank Mandiri Taspen telah memiliki Pedoman      Procedures. To ensure effective market risk management, Bank
Kebijakan dan prosedur Treasury. Selain itu agar pengelolaan     Mandiri Taspen also follows internal Policies and Procedures.
risiko pasar berjalan efektif, Bank Mandiri Taspen berpedoman    The Bank conducts daily monitoring of risk parameters.
pada Kebijakan dan Prosedur internal. Bank melakukan
monitoring secara harian terhadap parameter risiko.


Risiko Operasional                                               Operational Risk

Risiko operasional adalah risiko akibat ketidakcukupan dan/      Operational risks are risks due to inadequacy and/or malfunction
atau tidak berfungsinya proses internal, kesalahan manusia,      of internal processes, human error, system failure, or any
kegagalan sistem, atau adanya problem eksternal yang             external problems affecting the Bank’s operations.
mempengaruhi operasional Bank.




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                                                                                                         PT Bank Mandiri Taspen




Untuk meminimalisasi risiko operasional yang timbul, Bank         To minimize operational risks to arise, the Bank has enhanced
telah meningkatkan fungsi kontrol dalam pemrosesan transaksi      its control function in the transaction processing among others
yang dilakukan dengan cara antara lain dengan menerapkan          by implementing procedures that guarantee the timeliness
prosedur yang menjamin ketepatan waktu penyelesaian               of transaction settlement, adjusting accounting methods
transaksi, melakukan penyesuaian metode akuntansi sesuai          according to the applicable standards, maintaining documents
standar yang berlaku, memelihara dokumen dan arsip secara         and archives in an orderly manner, and securing access to
tertib, mengamankan akses terhadap aset dan data. Selain itu      assets and data. In addition, the Bank is also improving the
Bank juga meningkatkan fungsi dari Satuan Kerja Audit Intern      function of its Internal Audit Unit which will regularly conduct
yang secara regular akan melakukan pemeriksaan terhadap           checks on banking operations.
kegiatan operasional perbankan.


Pada saat ini bank memiliki Kebijakan Operasional Bank Mandiri    Currently, the Bank is carrying out the Operational Policy of
Taspen, Standar Prosedur Operasional pada proses bisnis bank      Bank Mandiri Taspen, the Standard Operating Procedure on
dan Standar Pedoman Business Continuity Plan (BCP) yang           banking business processes, and the Business Continuity Plan
mengatur mengenai prosedur jika unit kerja bank mengalami         (BCP) Standard Guideline which regulate the procedures when
suatu keadaan darurat diluar kendali bank yang didukung           a bank’s working unit experiences an emergency situation out
Disaster Recovery Plan (DRP) untuk mengatur mengenai              of the control of the bank supported with the Disaster Recovery
ketersediaan teknologi.                                           Plan (DRP) to manage the availability of technology.


Saat ini Bank dalam pengembangan tools penerapan                  At present, the bank is implementing the operational risk
manajemen risiko operasional yaitu:                               management tools, namely:
a. Risk and Control Self assessment (RCSA) melalui                a. Risk and Control Self Assessment (RCSA) through
   Operational Risk Focus (ORCUS), dipergunakan untuk                Operational Risk Focus (ORCUS) is used to identify and
   mengidentifikasi dan menilai risiko yang melekat pada             assess the inherent risks in activities and evaluate the
   aktivitas dan menilai kualitas kontrol. Melalui penggunaan        quality of controls. By using RCSA, a working unit can
   RCSA, unit kerja dapat mengidentifikasi serta menilai risiko      identify and assess any existing risks and controls as well
   dan kontrol yang ada dan membuat rencana untuk mitigasi           as develop plans for risk mitigation.
   risiko.
b. Risk Library, database risiko potensial dan risiko yang        b. Risk Library, a database of potential risks and risks that
   pernah terjadi di Bank Mandiri Taspen lengkap dengan              have occurred at Bank Mandiri Taspen complete with data
   data frekuensi kejadian serta dampaknya terhadap bank.            on the frequency of events and their impact on the bank.


Risiko Hukum                                                      Legal Risk

Risiko hukum adalah risiko akibat tuntutan hukum dan/atau         Legal risks are risks due to lawsuits and /or weaknesses in
kelemahan aspek yuridis. Pengelolaan risiko hukum antara lain     juridical aspects. Legal risk management is performed among
dilakukan dengan mendokumentasi, mengelola kelengkapan            others by documenting, managing the completeness and
dan keabsahan dokumen, meminimalisasi kerugian/biaya yang         validity of documents, minimizing losses/costs associated with
terkait dengan kasus hukum dan menghindari pelanggaran            legal cases, and avoiding violations of banking regulations and
terhadap regulasi perbankan dan ketentuan hukum.                  legal provisions.


Risiko hukum inheren dinilai berdasarkan potensial kerugian       The inherent legal risk is assessed based on the potential
atas kasus-kasus yang terjadi di Bank Mandiri Taspen dan          losses on cases occurring in Bank Mandiri Taspen which are
Perusahaan Anak yang sedang dalam proses di pengadilan            in litigation divided by Bank Mandiri Taspen capital. The
dibagi dengan modal Bank Mandiri Taspen dan modal                 parameters used to calculate potential losses on cases that are
konsolidasian. Parameter yang digunakan untuk menghitung          in court are the basis of lawsuits (case positions), case values,
potensial kerugian atas kasus yang sedang dalam proses di         and legal documentation.
pengadilan adalah dasar gugatan (kasus posisi), nilai perkara,
dan dokumentasi hukum.


Risiko Stratejik                                                  Strategic Risk

Risiko stratejik adalah risiko akibat ketidaktepatan dalam        Strategic risks are risks due to inaccuracy in the taking and/
pengambilan dan/atau pelaksanaan suatu keputusan stratejik        or execution of a strategic decision as well as failure in
serta kegagalan dalam mengantisipasi perubahan lingkungan         anticipating changes in the business environment. Strategic




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bisnis. Pengelolaan risiko stratejik antara lain dilakukan dengan   risk management, among others, is made by optimizing existing
mengoptimalkan sumber daya yang ada dan melakukan                   resources and monitoring the realization of Bank Business
pengawasan terhadap realisasi Rencana Bisnis Bank (RBB),            Plan (RBB), and adjusting policies and procedures to external
dan melakukan penyesuaian kebijakan dan prosedur terhadap           changes.
perubahan eksternal.


Pengelolaan risiko strategik dilakukan oleh unit perencanaan        Strategic risk management is carried out by the planning unit
di bawah pengawasan aktif SEVP Finance, Retail & Digital            under the active supervision of the Director of Finance, Risk &
Banking. Manajemen Risiko Strategik dilakukan melalui               Operations. Strategic Risk Management is carried out through a
serangkaian proses perencanaan strategis (planning and              series of strategic planning processes (planning and budgeting)
bugeting) yang mencangkup penyelarasan strategi perusahaan          that include the adjustment of corporate strategy to a unit
dengan strategi unit serta target bankwide. Dokumen                 strategy and bankwide targets. Strategic planning documents
perencanaan strategis meliputi:                                     include:
1. Corporate Plan, disusun 5 (lima) tahun sekali.                   1. Corporate Plan, compiled every 5 (five) years.
2. Business Plan, disusun 1 (satu) tahun sekali.                    2. Business Plan, compiled once a year.


Risiko Kepatuhan                                                    Compliance Risk

Risiko kepatuhan adalah risiko akibat Bank tidak mematuhi           Compliance risks are risks due to the Bank’s failure to comply
dan/atau tidak melaksanakan peraturan perundang undangan            with and/or not to enforce the applicable laws and regulations.
dan ketentuan yang berlaku. Risiko kepatuhan melekat pada           The compliance risks are attached to the Bank’s risks related
risiko Bank yang terkait pada peraturan perundang-undangan          to legislation and other applicable provisions such as the Legal
dan ketentuan lainnya yang berlaku seperti Batas Maksimum           Lending Limit (BMPK), loan restructuring, Know Your Customers
Pemberian Kredit (BMPK), restrukturisasi kredit, Know Your          (KYC), and a commitment to certain provisions.
Customers (KYC) dan komitmen terhadap ketentuan tertentu.
                                                                    Compliance risk management is carried out by the compliance
Manajemen risiko kepatuhan dilakukan oleh Unit Kepatuhan            unit under the active supervision of Compliance Director, Legal
(compliance) di bawah pengawasan aktif Direktur Compliance          and Human Capital. The implementation of compliance risk
& Control. Implementasi manajemen risiko kepatuhan mengacu          management refers to the Risk Management Guidelines and
pada Pedoman Manajemen Risiko dan Kebijakan Kepatuhan               Bank Mandiri Taspen Compliance Policy.
Bank Mandiri Taspen.


Dalam rangka efektivitas pelaksanaan fungsi kepatuhan dalam         In order to effectively implement the compliance function
mendukung pertumbuhan bisnis yang sehat dan berkelanjutan,          to support a healthy and sustainable business growth, the
unit Kepatuhan melakukan proses manajemen risiko kepatuhan          Compliance Unit performs a compliance risk management
berupa:                                                             process in the form of:
1. Memberikan pendapat/analisis kepatuhan terhadap                  1. Giving a compliance opinion/analysis to the formulation of
    penyusunan kebijakan dan prosedur apakan sudah sesuai               policies and procedures whether it is in accordance with the
    dengan ketentuan atau peraturan perundang-undangan                  applicable laws or regulations.
    yang berlaku.
2. Memberikan analisis dampak peraturan eksternal.                  2. Providing an impact analysis of external regulations.
3. Melakukan analisis kepatuhan terhadap rencana produk             3. Conducting an analysis of the impact of compliance on
    dan aktivitas baru.                                                potential products and activity plans.


Risiko Reputasi                                                     Reputation Risk

Risiko reputasi adalah risiko akibat menurunnya tingkat             Reputation risks are risks due to the decrease of shareholder
kepercayaan pemegang saham yang bersumber dari persepsi             confidence stemming from negative perceptions of the Bank.
negatif terhadap Bank. Bank akan merespon secara aktif              The Bank will respond actively in the event of a negative
apabila timbul publikasi negatif sehingga hal-hal yang mungkin      publication so that any matters that may potentially harm the
berpotensi merugikan Bank dapat dideteksi lebih awal.               Bank can be detected earlier.


Manajemen risiko reputasi dilakukan oleh Divisi Corporate           The reputation risk management is performed by the Corporate
Secretary and Legal. Beberapa hal yang dilakukan dalam              Secretary and Legal unit. In carrying out the reputation risk
mengelola risiko reputasi unit kesekretariatan melakukan            management, the secretarial unit is managing news coverage,




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                                                                                                                   PT Bank Mandiri Taspen




manajemen pemberitaan, melakukan pengelolaan dalam                       managing in monitoring opinions/comments in mass media,
monitoring opini/komentar di media masa dan melakukan                    and managing complaints of customers.
pengelolaan komplain/keluhan nasabah.


Implementasi manajemen risiko reputasi mengacu pada                      The implementation of reputation risk management refers to
Pedoman Penerapan Manajemen risiko serta kebijakan dan                   the Risk Management Implementation Guidelines and other
prosedur lainnya. Proses yang dilakukan dalam mengelola                  policies and procedures. The processes involved in managing
risiko reputasi antara lain melakukan monitoring dan evaluasi            reputation risk include monitoring and evaluating complaints,
terhadap keluhan, komentar dan masukan yang berkembang                   comments and inputs that have developed in the mass media
dimedia masa dan pemilihan strategi dalam merespon opini                 and choosing strategies to respond to the opinions that have
yang berkembang.                                                         developed.


Penilaian Risiko                                                         Risk Assesment

Untuk mendapatkan gambaran kondisi profil risiko komposit                To obtain a comprehensive overview of the Bank’s consolidated
Bank secara bankwide dan sesuai dengan ketentuan regulator               risk profile at the bank-wide level and in accordance with
telah disusun Laporan Profil Risiko secara individu Bank                 regulatory requirements, an Individual Risk Profile Report
Mandiri Taspen yang menggambarkan risiko yang melekat                    of Bank Mandiri Taspen has been prepared, which reflects
dalam kegiatan bisnis dan fungsional bank (inherent risk)                the inherent risks embedded in the Bank’s business and
termasuk kualitas penerapan manajemen risiko (KPMR) untuk                functional activities, including the quality of risk management
risiko kredit, risiko pasar, risiko likuiditas, risiko operasional,      implementation (KRMI), covering credit risk, market risk, liquidity
risiko legal, risiko stratejik, risiko reputasi dan risiko kepatuhan.    risk, operational risk, legal risk, strategic risk, reputational risk,
                                                                         and compliance risk.


Adapun penilaian profil risiko per 31 Desember 2025 adalah               The risk profile assessment as of December 31, 2025 is as
sebagai berikut.                                                         follows.



                                                  Penilaian Per Posisi                                 Penilaian Posisi Sebelumnya
                                                Assessment Per Position                                Previous Position Assessment
          Jenis Risiko
         Types of Risk              Peringkat                             Peringkat          Peringkat                                Peringkat
                                                        Peringkat                                                Peringkat
                                  Risiko Inheren                        Tingkat Risiko     Risiko Inheren                           Tingkat Risik
                                                         KPMR                                                     KPMR
                                  Inherent Risk                           Risk Level       Inherent Risk                              Risk Level
                                                       KPMR Rating                                              KPMR Rating
                                      Rating                                Rating             Rating                                  Rating

 Risiko Kredit
                                          1                  2                 1                   1                   2                   1
 Credit Risk

 Risiko Pasar
                                          2                  2                 2                   2                   2                   2
 Market Risk

 Risiko Likuiditas
                                          1                  2                 1                   2                   2                   2
 Liquidity Risk

 Risiko Operasional
                                          2                  2                 2                   2                   2                   2
 Operational Risk

 Risiko Hukum
                                          1                  2                 1                   1                   2                   1
 Legal Risk

 Risiko Reputasi
                                          1                  2                 1                   1                   2                   1
 Reputational Risk

 Risiko Stratejik
                                          2                  2                 2                   1                   2                   1
 Strategic Risk

 Risiko Kepatuhan
                                          3                  2                 2                   1                   2                   1
 Compliance Risk

 Peringkat Profil Risiko
                                          2                  2                 2                   1                   2                   1
 Risk Profile Rating




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Profil Risiko Bank Mandiri Taspen secara Individu posisi            The Individual Risk Profile of Bank Mandiri Taspen as of
31 Desember 2025 menunjukkan peringkat risiko “2”.                  December 31, 2025 was rated “2”. This rating reflects that
Penilaian tersebut mencerminkan bahwa risiko-risiko yang            the risks faced by Bank Mandiri Taspen on an individual basis
dihadapi Bank Mandiri Taspen secara individu mampu dikelola         were well managed, thereby supporting the Bank’s business
dengan baik sehingga dapat mendukung pengembangan                   development in a safe and sustainable manner. The inherent
bisnis Bank dengan aman dan berkelanjutan. Peringkat risiko         risk rating increased, while the quality of risk management
Inheren mengalami peningkatan namun KPMR masih stabil               implementation (KRMI) remained stable compared to the
dibandingkan periode sebelumnya, dengan demikian secara             previous period. Accordingly, the overall composite risk profile
keseluruhan peringkat komposit profil risiko Bank Mandiri           rating of Bank Mandiri Taspen improved compared to its
Taspen mengalami peningkatan jika dibandingkan dengan               position as of 30 June 2025.
posisi 30 Juni 2025.


Evaluasi Pelaksanaan Manajemen Risiko                               Evaluation of Risk Management Implementation

Bank Mandiri Taspen secara periodik melakukan evaluasi              Bank Mandiri Taspen always evaluates the effectiveness of
atas efektivitas sistem manajemen risiko. Evaluasi meliputi         risk management system. The evaluation includes strategy
penyesuaian strategi dan kerangka risiko sebagai bagian dari        adjustment and risk framework as the part of risk management,
manajemen risiko, kecukupan sistem informasi manajemen              addequate risk management system information, addequate
risiko serta kecukupan proses identifikasi, pengukuran,             identification process, measurement, monitoring, and risk
pemantauan dan pengendalian risiko.                                 control.


Bank melakukan evaluasi tahunan terhadap sistem manajemen           The Bank performs annual evaluation on applicable risk
risiko yang telah dijalan. Selama tahun 2025, hasil evaluasi atas   management system. During 2025, the result of evaluation on
pelaksanaan manajemen risiko di Bank Mandiri Taspen telah           risk management implementation in Bank Mandiri Taspen has
memadai.                                                            sufficient enough.


Pernyataan Direksi dan/atau Dewan Komisaris                         Statement of The Board of Directors and/ or The
atau Komite Audit Atas Kecukupan Sistem                             Board of Commissioners or Audit Committee on
Manajemen Risiko                                                    The Adequacy of The Risk Management System

Dewan Komisaris dan Direksi bertanggung jawab atas                  The Board of Commissioners and the Board of Directors
penerapan manajemen risiko di Bank Mandiri Taspen.                  are responsible for the implementation of risk management
Pengawasan Aktif Dewan Komisaris Bank Mandiri Taspen                at Bank Mandiri Taspen. The active oversight of the Board
tercermin dari persetujuan atas Kebijakan Manajemen Risiko          of Commissioners is reflected in the approval of the Risk
yang disusun oleh Direksi, serta evaluasi pelaksanaan kebijakan     Management Policy prepared by the Board of Directors, as
manajemen risiko melalui forum rapat Direksi dan Komisaris          well as in the evaluation of its implementation through regular
secara berkala, dalam pelaksanaannya pengawasan aktif               joint meetings of the Board of Directors and the Board of
Dewan Komisaris didukung oleh Komite Pemantau Risiko.               Commissioners. In carrying out its duties, the active oversight
                                                                    of the Board of Commissioners is supported by the Risk
                                                                    Monitoring Committee.


Pengawasan aktif Direksi Bank Mandiri Taspen antara lain            The active oversight of the Board of Directors is carried out,
dilaksanakan melalui penyusunan, penerapan dan evaluasi             among others, through the formulation, implementation, and
atas kebijakan dan prosedur manajemen risiko. Pelaksanaan           evaluation of risk management policies and procedures. Such
pengawasan aktif juga dilakukan melalui forum rapat Direksi         oversight is also conducted through meetings of the Board of
dan Komite Manajemen Risiko (KMR), Komite Kebijakan                 Directors, the Risk Management Committee (KMR), the Credit
Perkreditan (KKP) dan Asset Liability Committee (ALCO)              Policy Committee (KKP), and the Asset Liability Committee
                                                                    (ALCO).


Berdasarkan hasil evaluasi atas sistem manajemen risiko pada        Based on the evaluation of the risk management system in
tahun 2025, Dewan Komisaris dan Direksi menilai bahwa               2025, the Board of Commissioners and the Board of Directors
kecukupan sistem manajemen risiko telah berjalan memadai.           concluded that the adequacy of the risk management system
                                                                    was satisfactory.




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Fungsi Kepatuhan                                                 Compliance Function

Fungsi Kepatuhan Bank Mandiri Taspen dibentuk sebagai            The Compliance Function at Bank Mandiri Taspen is established
serangkaian Tindakan atau Langkah-langkah yang bersifat          as a series of preventive actions and measures designed
preventif untuk memastikan bahwa kebijakan, ketentuan,           to ensure that the Bank’s policies, regulations, systems,
sistem, dan prosedur, serta kegiatan usaha yang dilakukan oleh   procedures, and business activities are in full alignment with
Bank telah sesuai dengan ketentuan dan peraturan perundang-      prevailing laws and regulations. It also aims to ensure the
undangan yang berlaku, serta memastikan kepatuhan Bank           Bank’s adherence to commitments made to regulators and/or
terhadap komitmen yang dibuat Bank kepada Regulator dan/         other authorized supervisory bodies.
atau otoritas pengawas lain yang berwenang.


Seiring perkembangan dan cakupan bisnis Bank Mandiri yang        In line with the expansion of Bank Mandiri’s business and the
semakin besar serta pesatnya kemajuan teknologi, merupakan       rapid advancement of technology, managing compliance risk
tantangan untuk mewaspadai risiko kepatuhan. Untuk itu           has become increasingly challenging. Preventive measures
diperlukan suatu tindakan pencegahan untuk meminimalisir         are therefore essential to minimize violations of both internal
terjadinya pelanggaran atas peraturan internal maupun            policies and applicable legal regulations.
peraturan perundangundangan yang berlaku.


Saat ini, semua transaksi yang dilakukan Bank Mandiri Taspen     Currently, all transactions at Bank Mandiri Taspen are shifting
mengarah berbasis teknologi, hal ini menuntut Bank bergerak      towards technology-based systems, requiring the Bank to move
cepat dan maju berkolaborasi untuk meningkatkan sistem dan       swiftly and proactively in enhancing its systems and strategies
strategi sehingga dapat memenuhi kebutuhan masyarakat.           to meet public needs. Effective and timely compliance risk
Pengelolaan risiko kepatuhan yang baik dan tepat waktu serta     management, aligned with the implementation of current risk
sejalan dengan penerapan manajemen risiko terkini, diharapkan    management practices, is expected to mitigate potential risk
dapat meminimalisir dampak risiko sedini mungkin. Untuk          impacts as early as possible. To manage these risk exposures, a
menghadapi eksposur risiko tersebut, diperlukan penerapan        robust compliance function is essential to reduce the likelihood
fungsi kepatuhan untuk meminimalisir timbulnya pelanggaran       of violations that could result in losses to the Bank.
yang dapat menyebabkan kerugian bagi Perseroan.


Dalam menerapkan fungsi kepatuhan, Bank Mandiri Taspen           In implementing the compliance function, Bank Mandiri Taspen
mengacu pada Peraturan OJK No. 46/POJK.03/2017 tentang           refers to OJK Regulation No. 46/POJK.03/2017 concerning
Pelaksanaan Fungsi Kepatuhan Bank Umum. Saat ini, Bank           the Implementation of Compliance Functions for Commercial
telah memiliki kebijakan dan standar prosedur kepatuhan          Banks. Currently, the Bank has a compliance policy and
yang menjabarkan tugas dan tanggung jawab Satuan Kerja           standard procedure that outlines the duties and responsibilities
Kepatuhan (SKK) dalam menjalankan fungsi kepatuhan.              of the Compliance Unit (SKK) in carrying out the compliance
                                                                 function.


Struktur Organisasi                                              Organizational structure

Dalam pelaksanaan kepatuhan, Bank memiliki Direktur yang         In implementing compliance, the Bank has a Director who
membawahkan fungsi kepatuhan dan membentuk Divisi                oversees the compliance function and establishes the
Kepatuhan sebagai pelaksana fungsi kepatuhan. Selain hal         Compliance Division as the executor of the compliance function.
tersebut, Dewan Komisaris juga terlibat melakukan pengawasan     In addition to this, the Board of Commissioners is also involved
aktif terhadap pelaksanaan kepatuhan bank. Adapun struktur       in active supervision of the implementation of bank compliance.
organisasi satuan kerja kepatuhan sebagaimana Surat              The organizational structure of the compliance work unit is
Keputusan Direksi Nomor KEP.DIR/090/X/2025 tanggal 01            as stated in the Decree of the Board of Directors Nomor KEP.
Oktober 2025, sebagai berikut:                                   DIR/090/X/2025 date Oktober 01, 2025, as follows:




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                                                         Compliance & Control




                                                             Compliance




                                    Support Regulatory &
    Business & IT Regulatory            Governance                         Policy & Procedure              Data Privacy & Protection




         Business Compliance               Governance,                                                              Governance &
                                                                                  Business Policy
              Regulatory                   UPG & MIS                                                                  Advisory




            IT Compliance               Support Compliance
                                                                                  Support Policy
              Regulatory                    Regulatory



          Pelaksana / Implementer       Pelaksana / Implementer                 Pelaksana / Implementer          Pelaksana / Implementer




Pengawasan Direksi dan Dewan Komisaris Mengacu pada                   Supervision of the Board of Directors and Board of
kewajiban pemenuhan POJK no. 46/POJK.03/2017 tentang                  Commissioners Referring to the obligation to fulfill
Pelaksanaan Fungsi Kepatuhan Bank Umum, Direksi wajib                 OJK Regulation no. 46/ POJK.03/2017 concerning the
menumbuhkan dan mewujudkan terlaksananya Budaya                       Implementation of the Compliance Function for Commercial
Kepatuhan pada semua tingkatan organisasi dan kegiatan                Banks, the Board of Directors is required to foster and realize
usaha Bank serta wajib memastikan terlaksananya Fungsi                the implementation of a Compliance Culture at all levels of the
Kepatuhan Bank.                                                       organization and business activities of the Bank and is required
                                                                      to ensure the implementation of the Bank’s Compliance
                                                                      Function.


Terkait hal tersebut, guna memastikan terlaksananya Fungsi            In this regard, in order to ensure the implementation of the
Kepatuhan, Direksi senantiasa melakukan pengawasan                    Compliance Function, the Board of Directors always supervises
terhadap pelaksanaan Fungsi Kepatuhan yang antara lain                the implementation of the Compliance Function carried out
dilakukan melalui mekanisme sebagai berikut:                          through the following mechanisms:
- Laporan pelaksanaan tugas dan tanggung jawab Unit                   - Report on implementation of duties and responsibilities
    Kepatuhan kepada Direktur Kepatuhan (bulanan).                        of the Compliance Unit to the Director of Compliance
                                                                          (monthly).
-    Laporan pelaksanaan tugas dan tanggung jawab Direktur            - Report on the implementation of the duties and
     Kepatuhan kepada Direktur Utama dengan tembusan                      responsibilities of the Compliance Director to the Main
     kepada Dewan Komisaris (Triwulanan).                                 Director with a copy to the Board of Commissioners
                                                                          (quarterly).
-    Laporan hasil pemantauan terhadap risiko kepatuhan               - Report on the results of monitoring of compliance risk to
     kepada Dewan Direksi pada Rapat Direksi dan kepada                   the Board of Directors at the Board of Directors’ Meeting
     Dewan Komisaris pada forum pertemuan Dewan Direksi                   and to the Board of Commissioners at the meeting forum of
     dengan Dewan Komisaris serta pada Komite Audit secara                the Board of Directors with the Board of Commissioners as
     berkala.                                                             well as to the Audit Committee on a regular basis.




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Di samping itu, Direksi telah menyetujui Kebijakan dan           In addition, the Board of Directors has approved the Compliance
Prosedur Kepatuhan yang merupakan infrastruktur dasar dalam      Policy and Procedure which is the basic infrastructure in
pelaksanaan tata kelola Fungsi Kepatuhan yang akan digunakan     implementing the governance of the Compliance Function
sebagai pedoman dalam penerapan Fungsi Kepatuhan Bank.           which will be used as a guide in implementing the Bank’s
Sebagai pemenuhan terhadap POJK No. 46/POJK.03/2017              Compliance Function As compliance with OJK Regulation
tentang Pelaksanaan Fungsi Kepatuhan Bank Umum, Dewan            No. 46/POJK.03/2017 concerning the Implementation of the
Komisaris telah melakukan evaluasi terhadap pelaksanaan          Compliance Function for Commercial Banks, the Board of
Fungsi Kepatuhan Bank yang dilaksanakan minimal 2 (dua) kali     Commissioners has evaluated the implementation of the Bank’s
dalam satu tahun (Semesteran).                                   Compliance Function carried out at least 2 (two) times in one
                                                                 year (semester).


Direktur yang Membawahkan Fungsi Kepatuhan                       Director in charge of the Compliance Function
Direktur yang membawahkan fungsi kepatuhan saat ini adalah       The current director in charge of the compliance function was
Bpk. Rio Lanasier selaku Direktur Compliance & Human             Mr. Rio Lanasier as Director of Compliance & Human Resources.
Resource. Pengangkatan dan pelaksanaan tugas Direktur            The appointment and implementation of the duties of the
yang membawahkan fungsi kepatuhan tersebut dilaksanakan          Director in charge of the compliance function was carried out
berdasarkan ketentuan yang berlaku, khususnya ketentuan          based on the applicable provisions, in particular the provisions
mengenai Pelaksanaan Fungsi Kepatuhan, Ketentuan Umum,           concerning the Implementation of the Compliance Function,
Ketentuan Uji Kemampuan dan Kepatutan (Fit and Proper Test).     General Provisions, Provisions for Fit and Proper Test.


Satuan Kerja Kepatuhan (SKK)                                     Compliance Work Unit (SKK)
Satuan kerja yang melaksanakan fungsi kepatuhan dilaksanakan     The work unit that carried out the compliance function was
oleh Divisi Kepatuhan. Divisi Kepatuhan merupakan satuan kerja   carried out by the Compliance Division. The Compliance Division
yang independen dan bertanggung jawab secara langsung            was an independent work unit and is directly responsible to
kepada Direktur yang membawahkan fungsi kepatuhan. Selain        the Director in charge of the compliance function. In addition,
itu, Divisi Kepatuhan juga ditetapkan sebagai Satuan Kerja       the Compliance Division was also designated as an Integrated
Kepatuhan Terintegrasi.                                          Compliance Work Unit.


Satuan Kerja Kepatuhan Terintegrasi (SKKT)                       Integrated Compliance Work Unit (SKKT)
Dalam rangka pelaksanaan Peraturan OJK No. 18/POJK.03/2014       In the context of implementing OJK Regulation No. 18/
tentang Penerapan Tata Kelola Terintegrasi bagi Konglomerasi     POJK.03/2014 concerning the Implementation of Integrated
Keuangan, Divisi Kepatuhan selaku Satuan Kerja Kepatuhan         Governance for Financial Conglomerates, the Compliance
Terintegrasi (SKKT) BNI telah melakukan tugas memantau dan       Division as the BNI Integrated Compliance Work Unit (SKKT)
mengevaluasi penerapan fungsi kepatuhan di masing-masing         has carried out the task of monitoring and evaluating the
Perusahaan Anak, yaitu:                                          implementation of the compliance function in each Subsidiary
                                                                 Company, namely:
1. Memastikan penerapan fungsi kepatuhan dan penerapan           1. Ensuring the implementation of the compliance function
   Anti Pencucian Uang dan Pencegahan Pendanaan                      and implementation of Anti Money Laundering and
   Terorisme (APU dan PPT);                                          Counter- Terrorism Financing (AML-CFT);
2. Menyelaraskan metodologi Pengelolaan Risiko Kepatuhan         2. Aligning the Compliance Risk Management methodology
   termasuk Pelaksanaan ketentuan APU dan PPT;                       including the Implementation of AML and CFT provisions;
3. Mengintegrasikan dan menyelaraskan kebijakan dan              3. Integrate and align compliance function policies and
   prosedur fungsi kepatuhan, termasuk kebijakan dan                 procedures, including AML and CFT policies and procedures;
   prosedur APU dan PPT;
4. Memastikan kepatuhan Perusahaan Anak atas pelaksanaan         4. Ensuring the       Subsidiary’s compliance with the
   kewajiban pelaporan internal dan eksternal.                      implementation     of internal and external reporting
                                                                    obligations.




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Corporate Governance




Profil Kepala Fungsi Kepatuhan                                        Head of Compliance Function Profile



                                  Sisi Rahmina
                                  Kepala Divisi Compliance
                                  Head of Compliance Division

                                  Lahir di Bogor pada tahun 1978.               Domisili / Domicile:       Warga negara Indonesia
                                  Usia 47 tahun Per Desember 2005.              Jakarta, Indonesia         Indonesian citizens
                                  Born in Bogor in 1978.
                                  Age 47 years as of December 2025.


Riwayat Pendidikan                                                    Educational Background
• Sarjana Akuntansi dari Universitas Trisakti (2000)                  • Bachelor of Accounting from Trisakti University (2000).
• Master of Business Administration dari Universitas Gadjah Mada      • Master of Business Administration from Gajah Mada University
  (2008)                                                                (2008).

  Pengalaman Kerja                                                      Work Experience
  • Assistant Manager Medan Balai Kota (2001-2003)                      • Assistant Manager Medan City Hall (2001-2003)
  • AML-CFT Analyst, Compliance & AML-CFT Group (2003-2009)             • AML-CFT Analyst, Compliance & AML-CFT Group (2003-2009)
  • Lead of Compliance Methodology & Regulatory, Compliance &           • Lead of Compliance Methodology & Regulatory, Compliance & AML-
    AML-CFT Group (2009-2013)                                             CFT Group (2009-2013)
  • Head of Compliance & Operational Risk Unit, Risk Management         • Head of Compliance & Operational Risk Unit, Risk Management
    (2013-2016)                                                           (2013- 2016)
  • Head of Compliance Methodology & Regulatory, Compliance &           • Head of Compliance Methodology & Regulatory, Compliance & AML
    AML – CFT Group (2016 – 2020)                                         – CFT Group (2016 – 2020)
  • Senior Compliance Officer Wholesale Banking (2020 - 2024)           • Senior Compliance Officer Wholesale Banking (2020 - 2024)
  • Divisi Head Compliance (2024-sekarang)                              • Head Compliance Division (2024-present)

  Dasar Hukum Pengangkatan                                              Legal Basis of Appointment
  Menjabat sebagai Division Head Compliance berdasarkan Surat           Serves as Division Head of Compliance based on Board of Directors
  Keputusan Direksi No. KEP.DIR/028/III/2026 tanggal 9 Maret 2026.      Decree No. KEP.DIR/028/III/2026 dated March 9, 2026.




Tugas dan Tanggung Jawab Fungsi Kepatuhan                             Duty and Responsibility of Compliance Function

Pelaksanaan fungsi kepatuhan sesuai POJK No. 46/                      Implementation of the compliance function in accordance with
POJK.03/2017 merupakan serangkaian tindakan atau langkah-             OJK Regulation No. 46/POJK.03/2017 constitutes a series of
langkah yang bersifat preventif (ex-ante) untuk memastikan            preventive (ex-ante) actions or measures to ensure that the
bahwa kebijakan, ketentuan, sistem, dan prosedur, serta               Bank’s policies, provisions, systems and procedures, as well
kegiatan usaha yang dilakukan oleh Bank telah sesuai dengan           as business activities, are in compliance with the regulations
ketentuan Otoritas Jasa Keuangan dan ketentuan peraturan              of the Financial Services Authority and prevailing laws and
perundang-undangan, serta memastikan kepatuhan Bank                   regulations, as well as to ensure the Bank’s adherence to
terhadap komitmen yang dibuat oleh Bank kepada Otoritas Jasa          commitments made to the Financial Services Authority and/or
Keuangan dan/atau otoritas pengawas lain yang berwenang.              other relevant supervisory authorities.


Sasaran Jajaran Kepatuhan dalam menjalankan Fungsi                    The Compliance Team’s goal in carrying out the Compliance
Kepatuhan adalah secara proaktif menjaga Bank agar selalu             Function is to proactively ensure that the Bank always
mematuhi peraturan perundang-undangan dan ketentuan                   complies with applicable laws and regulations and applies the
yang berlaku serta menerapkan prinsip kehati-hatian. SKK              precautionary principle. SKK Head Office, performs the duties
Kantor Pusat, melaksanakan tugas-tugas Fungsi Kepatuhan               of the Compliance Function (compliance assurance services) in
(compliance assurance services) dalam bentuk:                         the form of:
1. Supervisory, yaitu melakukan supervisi secara ex-                  1. Supervisory, namely conducting ex-ante supervision of
   ante terhadap proses kegiatan (pelayanan nasabah,                      activity processes (customer service, decision making) to all
   pengambilan keputusan) kepada seluruh Unit Kerja.                      Work Units.
2. Examination, yaitu melakukan Review atas kebijakan/                2. Examination, which is to review external and internal
   peraturan eksternal dan internal maupun prosedur kerja                 policies/ regulations and work procedures to support
   agar menunjang kemajuan bisnis dan tetap berpedoman                    business progress and remain guided by prudential
   pada prinsip kehati-hatian serta regulasi.                             principles and regulations.




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                                                                                                                     PT Bank Mandiri Taspen




3. Consultation, yaitu memberikan pertimbangan/compliance                        3. Consultation, which provides considerations/compliance
   opinion dalam kaitannya dengan regulasi, proses kegiatan                         opinions regarding regulations, operational processes, and
   dan prinsip kehati-hatian kepada seluruh Unit Kerja.                             prudential principles to all Work Units.
4. Regulatory, yaitu melakukan penyediaan, pengkajian,                           4. Regulatory, which provides, reviews, and disseminates
   sosialisasi atas peraturan perundang-undangan dan                                information on applicable laws and regulations, as well as
   ketentuan yang berlaku serta penyediaan alat bantu dengan                        tools to facilitate compliance by the Bank’s staff.
   tujuan memudahkan jajaran Bank dalam mematuhinya.


Pengembangan Kompetensi Fungsi Kepatuhan                                         Development of Compliance Function
                                                                                 Competencies


      Nama                Materi Pelatihan                  Training Materials          Tanggal Pelaksanaan            Penyelenggara
      Name                                                                              Implementation Date              Organizer

 Komando             Bergerak Terpadu                   Integrated Action with            12 Agustus 2025
                                                                                                                 PT Bank Mandiri (Persero) Tbk
 Dewantara           Berdampak Nyata                    Tangible Impact                   August 12, 2025

                                                                                          29 Agustus 2025
                     Refreshment BSMR J4                BSMR J4 Refreshment                                               Efektif Pro
                                                                                          August 29, 2025

 Hartono                                                                                20-21 Februari 2025
                     Cyber Risk Management              Cyber Risk Management                                          CRMS Indonesia
 Mantowijono                                                                            February 20-21, 2025

                     Bergerak Terpadu                   Integrated Action with            12 Agustus 2025
                                                                                                                 PT Bank Mandiri (Persero) Tbk
                     Berdampak Nyata                    Tangible Impact                   August 12, 2025

                     Resilience to Sustainability :     Resilience to Sustainability:
                                                                                        21 & 22 Agustus 2025
                     Leading through GRC in the         Leading through GRC in the                                 GRC Summit - Jogyakarta
                                                                                        August 21 & 22, 2025
                     post-digital era                   Post-Digital Era

                                                                                          29 Agustus 2025
                     Refreshment BSMR J5                BSMR J5 Refreshment                                               Efektif Pro
                                                                                          August 29, 2025

                                                        Latest Trends in Money
                     Tren Modus dan Skema
                                                        Laundering Methods and
                     Pencucian Uang Terbaru:                                             18 September 2025       OJK Instittute (include AMLO
                                                        Schemes: Identification,
                     Strategi Identifikasi, Mitigasi,                                    September 18, 2025            Koord & AMLO)
                                                        Mitigation, and Enforcement
                     dan Penegakan Hukum
                                                        Strategies

                     Pembekalan Sertifikasi             Compliance Certification J6     20 - 21 Oktober 2025       Lembaga Pengembangan
                     Kepatuhan J6                       Preparation Program             October 20 - 21, 2025     Perbankan Indonesia (LPPI)

                                                                                          06 Oktober 2025
                     LEAD BEYOND - Batch 2              LEAD BEYOND - Batch 2                                        NBO - Bank Mantap
                                                                                          October 6, 2025

 Putu Febiola                                                                               28 Mei 2025
                     BSMR J4 Refreshment                Refreshment BSMR J4                                               Efektif Pro
 Dewi                                                                                       May 28, 2025

 Ibrahim
 Abimanyu Irvan                                                                             28 Mei 2025
                     BSMR J4 Refreshment                Refreshment BSMR J4                                               Efektif Pro
                                                                                            May 28, 2025


                     Certified Indonesian               Certified Indonesian
                                                                                           30-31 Juli 2025      PRIVASIMU - PT Sentra Proteksi
                     Personal Data Protection           Personal Data Protection
                                                                                          July 30-31, 2025         Data Teknologi Indonesia
                     Officer (CIPDPO)                   Officer (CIPDPO)

 Made Krisna Arta                                                                         29 Agustus 2025
                     BSMR J5 Refreshment                Refreshment BSMR J5                                               Efektif Pro
 Anggarkusuma                                                                             August 29, 2025

                                                                                         01-05 Oktober 2025
                     LEAD BEYOND - Batch 1              LEAD BEYOND - Batch 1                                        NBO - Bank Mantap
                                                                                          October 1-5, 2025

                     Compliance Certification J6        Pembekalan Sertifikasi          20 - 21 Oktober 2025       Lembaga Pengembangan
                     Preparation Program                Kepatuhan J6                    October 20 - 21, 2025     Perbankan Indonesia (LPPI)




2025 Annual Report                                                                                                                      717
Page 718
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Corporate Governance




      Nama               Materi Pelatihan                Training Materials           Tanggal Pelaksanaan           Penyelenggara
      Name                                                                            Implementation Date             Organizer

 Nurma Gupitasari                                    Review & Updating
                    Review & Updating Tata
                                                     Procedures for Policy              13-14 Maret 2025
                    Cara Penyusunan Kebijakan                                                                       Infobank Institute
                                                     and Standard Operating             March 13-14, 2025
                    dan Prosedur
                                                     Procedure Development

                                                                                          28 Mei 2025
                    Refreshment BSMR J4              BSMR J4 Refreshment                                               Efektif Pro
                                                                                          May 28, 2025

 Syarif Hidayat     Talk with Impact: Crafting       Talk with Impact: Crafting
                                                                                        22 Februari 2025
                    Messages That Drive Results      Messages That Drive Results                               Ultimate Service Consulting
                                                                                        February 22, 2025
                    - Batch 2                        - Batch 2

                    First Aid & Floor Warden         First Aid & Floor Warden             25 April 2025
                                                                                                               Bank Mantap & Phitagoras
                    Batch 1                          Batch 1                              April 25, 2025

 Sisi Rahmina       Bergerak Terpadu                 Integrated Action with             12 Agustus 2025
                                                                                                              PT Bank Mandiri (Persero) Tbk
                    Berdampak Nyata                  Tangible Impact                    August 12, 2025

                    Resilience to Sustainability :   Resilience to Sustainability :
                                                                                      21 & 22 Agustus 2025
                    Leading through GRC in the       Leading through GRC in the                                 GRC Summit - Jogyakarta
                                                                                      August 21 & 22, 2025
                    post-digital era                 post-digital era

                                                                                        29 Agustus 2025
                    Refreshment BSMR J5              BSMR J5 Refreshment                                               Efektif Pro
                                                                                        August 29, 2025

                    Pembekalan Sertifikasi           Compliance Certification J6      20 - 21 Oktober 2025      Lembaga Pengembangan
                    Kepatuhan J6                     Preparation Program              October 20 - 21, 2025    Perbankan Indonesia (LPPI)

 M. Habibulloh      Identifikasi Transaksi           Suspicious Financial
                                                                                        16-17 April 2025
                    Keuangan Mencurigakan            Transaction Identification –                                   FKDKP & PPATK
                                                                                        April 16-17, 2025
                    Batch 1                          Batch 1

                                                                                          28 Mei 2025
                    Refreshment BSMR J4              BSMR J4 Refreshment                                               Efektif Pro
                                                                                          May 28, 2025

                    ISO 9001:2015 - Quality          ISO 9001:2015 - Quality            26 Agustus 2025
                                                                                                                       PT Gamma
                    Mangement System                 Management System                  August 26, 2025

                    ISO 37001:2016 - Anti            ISO 37001:2016 - Anti              27 Agustus 2025
                                                                                                                       PT Gamma
                    Bribery Management System        Bribery Management System          August 27, 2025

                    ISO 37301:2021 -                 ISO 37301:2021 -
                                                                                        28 Agustus 2025
                    Compliance Management            Compliance Management                                             PT Gamma
                                                                                        August 28, 2025
                    System                           System

 Raisah Amalia                                                                        10-11 Februari 2025
                    SPPUR Jenjang 4                  SPPUR Level 4                                                       Pravina
                                                                                      February 10-11, 2025

                    Identifikasi Transaksi           Suspicious Financial
                                                                                        16-17 April 2025
                    Keuangan Mencurigakan            Transaction Identification –                                   FKDKP & PPATK
                                                                                        April 16-17, 2025
                    Batch 1                          Batch 1

                                                                                          28 Mei 2025
                    Refreshment BSMR J4              BSMR J4 Refreshment                                               Efektif Pro
                                                                                          May 28, 2025

                    ISO 9001:2015 - Quality          ISO 9001:2015 - Quality            26 Agustus 2025
                                                                                                                       PT Gamma
                    Mangement System                 Management System                  August 26, 2025

                    ISO 37001:2016 - Anti            ISO 37001:2016 - Anti              27 Agustus 2025
                                                                                                                       PT Gamma
                    Bribery Management System        Bribery Management System          August 27, 2025

                    ISO 37301:2021 -                 ISO 37301:2021 -
                                                                                        28 Agustus 2025
                    Compliance Management            Compliance Management                                             PT Gamma
                                                                                        August 28, 2025
                    System                           System




     718                                                                                                               Laporan Tahunan 2025
Page 719
                                                                                                               PT Bank Mandiri Taspen




      Nama                Materi Pelatihan             Training Materials         Tanggal Pelaksanaan           Penyelenggara
      Name                                                                        Implementation Date             Organizer

 Faiz Lazuardi Zein   Identifikasi Transaksi       Suspicious Financial
                                                                                    16-17 April 2025
                      Keuangan Mencurigakan        Transaction Identification –                                  FKDKP & PPATK
                                                                                    April 16-17, 2025
                      Batch 1                      Batch 1

                                                                                      28 Mei 2025
                      Refreshment BSMR J4          BSMR J4 Refreshment                                              Efektif Pro
                                                                                      May 28, 2025

                      ISO 9001:2015 - Quality      ISO 9001:2015 - Quality          26 Agustus 2025
                                                                                                                   PT Gamma
                      Mangement System             Management System                August 26, 2025

                      ISO 37001:2016 - Anti        ISO 37001:2016 - Anti            27 Agustus 2025
                                                                                                                   PT Gamma
                      Bribery Management System    Bribery Management System        August 27, 2025

                      ISO 37301:2021 -             ISO 37301:2021 -
                                                                                    28 Agustus 2025
                      Compliance Management        Compliance Management                                           PT Gamma
                                                                                    August 28, 2025
                      System                       System

 Ignatia              Identifikasi Transaksi       Suspicious Financial
                                                                                    16-17 April 2025
 Ardhanareswari       Keuangan Mencurigakan        Transaction Identification –                                  FKDKP & PPATK
                                                                                    April 16-17, 2025
 Anindyaguna          Batch 1                      Batch 1
 Pascha
                                                                                      28 Mei 2025
                      Refreshment BSMR J4          BSMR J4 Refreshment                                              Efektif Pro
                                                                                      May 28, 2025

                      ISO 9001:2015 - Quality      ISO 9001:2015 - Quality          26 Agustus 2025
                                                                                                                   PT Gamma
                      Mangement System             Management System                August 26, 2025

                      ISO 37001:2016 - Anti        ISO 37001:2016 - Anti            27 Agustus 2025
                                                                                                                   PT Gamma
                      Bribery Management System    Bribery Management System        August 27, 2025

                      ISO 37301:2021 -             ISO 37301:2021 -
                                                                                    28 Agustus 2025
                      Compliance Management        Compliance Management                                           PT Gamma
                                                                                    August 28, 2025
                      System                       System

 Mumu                                                                             10-11 Februari 2025
                      SPPUR Jenjang 5              SPPUR Level 5                                                     Pravina
 Mukhaemin                                                                        February 10-11, 2025

                                                                                  20-21 Februari 2025
                      Cyber Risk Management        Cyber Risk Management                                         CRMS Indonesia
                                                                                  February 20-21, 2025

                      Inovasi Produk Keuangan      Innovation in Islamic
                      Islam : Peran Etika Halal    Financial Products: The Role      13 Maret 2025
                                                                                                                       OJK
                      dalam Memperluas Penetrasi   of Halal Ethics in Expanding      March 13, 2025
                      Pasar                        Market Penetration

                                                                                     30-31 Juli 2025
                      Certified Indonesian         Certified Indonesian
                                                                                    01 Agustus 2025       PRIVASIMU - PT Sentra Proteksi
                      Personal Data Protection     Personal Data Protection
                                                                                    July 30-31, 2025         Data Teknologi Indonesia
                      Officer (CIPDPO)             Officer (CIPDPO)
                                                                                     August 1, 2025

                      ISO 9001:2015 - Quality      ISO 9001:2015 - Quality          26 Agustus 2025
                                                                                                                   PT Gamma
                      Mangement System             Management System                August 26, 2025

                      ISO 37001:2016 - Anti        ISO 37001:2016 - Anti            27 Agustus 2025
                                                                                                                   PT Gamma
                      Bribery Management System    Bribery Management System        August 27, 2025

                      ISO 37301:2021 -             ISO 37301:2021 -
                                                                                    28 Agustus 2025
                      Compliance Management        Compliance Management                                           PT Gamma
                                                                                    August 28, 2025
                      System                       System

                                                                                    29 Agustus 2025
                      Refreshment BSMR J5          BSMR J5 Refreshment                                              Efektif Pro
                                                                                    August 29, 2025

                      Pembekalan Sertifikasi       Compliance Certification J6    20 - 21 Oktober 2025       Lembaga Pengembangan
                      Kepatuhan J6                 Preparation Program            October 20 - 21, 2025     Perbankan Indonesia (LPPI)




2025 Annual Report                                                                                                                719
Page 720
Corporate Governance
Corporate Governance




      Nama              Materi Pelatihan               Training Materials               Tanggal Pelaksanaan          Penyelenggara
      Name                                                                              Implementation Date            Organizer

 Ajeng Rahayu                                                                             29 Agustus 2025
                   Refreshment BSMR J5             BSMR J5 Refreshment                                                  Efektif Pro
 Cahyani                                                                                  August 29, 2025

                                                                                         01-05 Oktober 2025
                   LEAD BEYOND - Batch 1           LEAD BEYOND - Batch 1                                            NBO - Bank Mantap
                                                                                          October 1-5, 2025

                   ISO 9001:2015 - Quality         ISO 9001:2015 - Quality                26 Agustus 2025
                                                                                                                        PT Gamma
                   Mangement System                Management System                      August 26, 2025

                   ISO 37001:2016 - Anti           ISO 37001:2016 - Anti                  27 Agustus 2025
                                                                                                                        PT Gamma
                   Bribery Management System       Bribery Management System              August 27, 2025

                   ISO 37301:2021 -                ISO 37301:2021 -
                                                                                          28 Agustus 2025
                   Compliance Management           Compliance Management                                                PT Gamma
                                                                                          August 28, 2025
                   System                          System

                   Pembekalan Sertifikasi          Compliance Certification J6          20 - 21 Oktober 2025     Lembaga Pengembangan
                   Kepatuhan J6                    Preparation Program                  October 20 - 21, 2025   Perbankan Indonesia (LPPI)

 Hadiyantrama      Excel Power-Up:                 Excel Power-Up:
 Oscar Santoso     Transforming Your Data          Transforming Your Data                 8 Februari 2025
                                                                                                                     Mahaka Institute
                   Skills (Intermediate Level) -   Skills (Intermediate Level) -          February 8, 2025
                   Advance                         Advance

                   First Aid & Floor Warden        First Aid & Floor Warden                25 April 2025
                                                                                                                 Bank Mantap & Phitagoras
                   Batch 1                         Batch 1                                 April 25, 2025

                   ISO 9001:2015 - Quality         ISO 9001:2015 - Quality                26 Agustus 2025
                                                                                                                        PT Gamma
                   Mangement System                Management System                      August 26, 2025

                   ISO 37001:2016 - Anti           ISO 37001:2016 - Anti                  27 Agustus 2025
                                                                                                                        PT Gamma
                   Bribery Management System       Bribery Management System              August 27, 2025

                   ISO 37301:2021 -                ISO 37301:2021 -
                                                                                          28 Agustus 2025
                   Compliance Management           Compliance Management                                                PT Gamma
                                                                                          August 28, 2025
                   System                          System

 Suci Ramadona     ISO 9001:2015 - Quality         ISO 9001:2015 - Quality                26 Agustus 2025
                                                                                                                        PT Gamma
                   Mangement System                Management System                      August 26, 2025

                   ISO 37001:2016 - Anti           ISO 37001:2016 - Anti                  27 Agustus 2025
                                                                                                                        PT Gamma
                   Bribery Management System       Bribery Management System              August 27, 2025

                   ISO 37301:2021 -                ISO 37301:2021 -
                                                                                          28 Agustus 2025
                   Compliance Management           Compliance Management                                                PT Gamma
                                                                                          August 28, 2025
                   System                          System




Pelaksanaan Program Kerja Fungsi Kepatuhan                                   Implementation of The Compliance Function
                                                                             Work Program

1. Pemenuhan Kebijakan, Ketentuan, Sistem dan Prosedur                       1. Ensured that internal policies, provisions, systems, and
   Internal senantiasa sesuai dengan peraturan perundang-                       procedures remained consistently aligned with prevailing
   undangan yang berlaku, baik yang diterbitkan oleh                            laws and regulations issued by the Government, the
   Pemerintah, Otoritas Jasa Keuangan, maupun Otoritas                          Financial Services Authority, and other relevant authorities:
   lainnya
   a. Memantau perkembangan regulasi untuk menjadi                                 a. Monitored regulatory developments as a basis for the
       dasar penyusunan atau revisi ketentuan internal                                formulation or revision of internal policies.
   b. Melakukan review atas rancangan kebijakan/prosedur/                          b. Conducted reviews of draft policies, procedures,
       petunjuk teknis dan manual produk agar sejalan dengan                          technical guidelines, and product manuals to ensure
       ketentuan dan peraturan perundang-undangan yang                                alignment with applicable laws and regulations, while
       berlaku serta berlandaskan prinsip kehati-hatian.                              adhering to prudential principles.
   c. Menerbitkan ketentuan internal untuk menjadi                                 c. Issued internal regulations to serve as guidelines,
       pedoman, panduan dan aturan yang harus dipatuhi                                references, and rules to be complied with in the Bank’s
       dalam kegiatan usaha bank.                                                     business activities.




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                                                                                                          PT Bank Mandiri Taspen




   d. Membuat kajian dan resume terhadap ketentuan yang               d. Prepared assessments and summaries of regulatory
       dikeluarkan regulator dan melakukan sosialisasi ke                 provisions issued by regulators and conducted
       unit-unit kerja terkait melalui program Compliance                 dissemination to relevant business units through the
       Laboratorium (Compliance Lab).                                     Compliance Laboratory (Compliance Lab) program.
   e. Memastikan penerapan pelindungan data pribadi                   e. Ensured the implementation of personal data protection
       untuk setiap aktivitas pemrosesan data pribadi                     across all personal data processing activities, including
       mencakup pengumpulan, pemrosesan, penyimpanan,                     collection, processing, storage, and destruction of
       dan pemusnahan data pribadi. Serta mengikuti                       personal data, and monitored regulatory developments
       perkembangan peraturan pelindungan data pribadi                    on personal data protection to support necessary
       untuk guna penyesuian dalam proses bisnis dan                      adjustments in the Bank’s business and operational
       operasional Bank.                                                  processes.
2. Meningkatkan Budaya Kepatuhan pada semua tingkatan              2. Enhanced the compliance culture across all organizational
   organisasi dan kegiatan usaha bank                                 levels and business activities of the Bank:
   a. Melaksanakan fungsi advisory terkait penerapan                  a. Performed an advisory function regarding the
       peraturan yang berlaku melalui pemberian saran/                    implementation of prevailing regulations by providing
       tanggapan atas inisiatif aktivitas operasional bank.               input and responses to operational activity initiatives.
   b. Melakukan onsite review ke Kantor Cabang untuk                  b. Conducted onsite reviews at branch offices to support
       sosialisasi, monitoring dan validasi terkait implementasi          socialization, monitoring, and validation of the
       penerapan ketentuan Kepatuhan dan program APU                      implementation of Compliance provisions and Anti-
       PPT.                                                               Money Laundering and Counter-Terrorism Financing
                                                                          (AML/CTF) programs.
    c. Menyediakan        informasi   mengenai      peraturan         c. Provided up-to-date and relevant regulatory
       perundangan-undangan yang up to date dan relevan,                  information, both internal and external, including those
       baik internal maupun ekternal, baik yang diterbitkan               issued by banking authorities and other regulators,
       oleh otoritas perbankan maupun otoritas lainnya,                   through the Bank’s internal network, ensuring
       dalam jaringan internal bank, sehingga dapat diakses               accessibility for all employees.
       oleh seluruh karyawan.
    d. Menyelenggarakan             workshop/training/webinar          d. Organized compliance and AML/CTF workshops,
       Kepatuhan dan APU PPT untuk meningkatkan                           training sessions, and webinars to enhance awareness
       awareness dan pemahaman seluruh karyawan                           and understanding among all employees regarding
       terhadap penerapan, serta risiko kepatuhan dan APU                 implementation and associated risks, by engaging
       PPT dengan mengundang pembicara dari internal                      speakers from internal and external parties, including
       Bank atau eksternal (Bank Mandiri, PT Taspen, PPATK,               Bank Mandiri, PT Taspen, PPATK, and other relevant
       maupun instansi berwenang lainnya).                                authorities.
    e. Compliance Broadcast yaitu kegiatan penyampaian                 e. Implemented Compliance Broadcast initiatives, which
       konten dan/atau informasi terkait Kepatuhan yang                   involved the regular dissemination of compliance-
       relevan kepada seluruh Pegawai melalui media email                 related content and/or information to all employees via
       / media komunikasi internal lainnya yang dimiliki                  email and other internal communication media, aimed
       Perseroan secara rutin. Diharapkan compliance                      at enhancing compliance literacy and fostering a strong
       broadcast dapat meningkatkan literasi terkait                      compliance culture.
       Kepatuhan dan membangun Budaya Patuh kepada
       seluruh Pegawai.
    f. Peningkatan fungsi Compliance Advisory dengan                   f.   Enhanced the Compliance Advisory function through
       mengikuti pelatihan internal maupun eksternal, seperti               participation in internal and external training programs,
       pelatihan dan sertifikasi kompetensi kepatuhan,                      including compliance competency certifications, risk
       pelatihan dan sertifikasi manajemen risiko, dan                      management certifications, and other relevant training.
       pelatihan lainnya.
    g. Meningkatkan kapabilitas unit kerja kepatuhan melalui           g. Strengthened the capability of the compliance unit
       implementasi ISO 37301:2021 Sistem Manajemen                       through the implementation of ISO 37301:2021
       Kepatuhan      Compliance     Management      Systems              Compliance Management Systems (CMS) as a standard
       (CMS), sebagai standar pedoman untuk menerapkan,                   framework for establishing, evaluating, maintaining,
       mengevaluasi, memelihara, dan meningkatkan sistem                  and improving an effective compliance management
       manajemen kepatuhan Bank yang efektif                              system.
    h. Melakukan campaign budaya kepatuhan dan awereness               h. Conducted compliance culture campaigns and
       atas penerapan ISO 37001:2016 Sistem Manajemen                     awareness initiatives related to the implementation of




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        Anti Penyuapan (Anti Bribery Management System)               ISO 37001:2016 Anti-Bribery Management System
        melalui media komunikasi internal Bank                        through the Bank’s internal communication channels.
   i.   Perbaikan penerapan Tata Kelola Bank melalui               i. Improved the implementation of Good Corporate
        peningkatan skor CGPI dari tahun sebelumnya                   Governance through enhancement of the Corporate
                                                                      Governance Perception Index (CGPI) score compared
                                                                      to the previous year.
3. Mengelola Risiko Kepatuhan yang dihadapi oleh Bank.          3. Managed the Bank’s Compliance Risk exposure:
   a. Melakukan gap analysis atas implementasi tata                a. Conducted gap analyses on the implementation
      kelola perusahaan (structure, process & outcome)                of corporate governance (structure, process, and
      untuk mendapatkan nilai tata kelola baik individu               outcome) to achieve a minimum governance rating of
      dan terintegrasi menimal 2 serta mengikuti kegiatan             2, both individually and on an integrated basis, and
      Corporate Governance Perception Index (CGPI).                   participated in the Corporate Governance Perception
                                                                      Index (CGPI) assessment.
   b. Melakukan review atas rencana Jaringan Kantor,               b. Reviewed branch network expansion plans, including
      termasuk melakukan onsite lokasi jaringan kantor ( jika         conducting onsite assessments where necessary, to
      diperlukan) guna memastikan bahwa proses jaringan               ensure alignment with applicable regulations.
      kantor yang akan dilakukan telah sesuai dengan
      ketentuan yang berlaku.
   c. Melakukan review atas pengembangan dan rencana               c.   Reviewed IT development initiatives and strategic
      strategis IT yang akan dilakukan, untuk memastikan                plans to ensure compliance with prevailing regulatory
      bahwa pengembangan rencana tersebut telah sesuai                  requirements.
      dengan ketentuan yang berlaku.
   d. Melakukan penelahaan atas compliance event untuk             d. Analyzed compliance events to identify corrective
      mendapatkan tindakan perbaikan guna mencegah                    actions and prevent recurrence of issues, including
      kesalahan berulang baik pelaporan maupun aktivitas              those that could result in regulatory sanctions or
      lainnya yang berdampak dikenakannya sanksi denda                penalties.
      oleh Regulator.
   e. Mendampingi proses perijinan atau persetujuan terkait        e.   Facilitated licensing and approval processes related to
      produk Bank, pengembangan Teknologi Informasi,                    Bank products, IT development, branch networks, and
      Jaringan Kantor dan corporate action yang ditujukan               corporate actions submitted to the Financial Services
      kepada OJK dan BI serta regulator lainnya sehingga                Authority, Bank Indonesia, and other regulators to
      sesuai dengan ketentuan yang dikeluarkan oleh                     ensure compliance with regulatory provisions.
      regulator.
   f. Melakukan review atas pengajuan kredit dengan                f.   Reviewed credit proposals within specified limits, as
      limit tertentu serta pengadaan barang dan jasa guna               well as procurement of goods and services, to ensure
      memastikan telah sesuai dengan ketentuan internal                 compliance with the Bank’s internal policies.
      Bank.
   g. Melakukan review atas Rencana Bisnis Bank (RBB)              g. Reviewed the Bank Business Plan (RBB) to ensure
      guna memastikan RBB telah sesuai dengan Peraturan               alignment with Financial Services Authority regulations.
      OJK.
   h. Melakukan review laporan ke regulator dari unit kerja        h. Reviewed regulatory reports submitted by business
      yang diajukan oleh unit kerja ke Unit compliance guna           units to the Compliance Unit to ensure that the
      memastikan materi dan format laporan telah sesuai               content and format complied with regulatory reporting
      dengan informasi yang wajib disampaikan dalam                   requirements.
      laporan berdasarkan regulasi.
4. Memastikan komitmen yang dibuat oleh Bank kepada             4. Ensured fulfillment of commitments made by the Bank to
   Otoritas Jasa Keuangan dan/atau otoritas pengawas lain          the Financial Services Authority and/or other supervisory
   yang berwenang.                                                 authorities:
   a. Pemantauan atas kepatuhan Bank terhadap komitmen             a. Monitored the Bank’s compliance with commitments
      yang dibuat oleh Bank kepada BI/OJK dan/atau                     made to regulators, including Bank Indonesia and the
      pengawas lain yang berwenang, baik sebagai bagian                Financial Services Authority, arising from supervisory
      dari hasil pemeriksaan maupun komitmen lainnya.                  actions or other obligations.




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   b. Melakukan monitoring terhadap kepatuhan bank                  b. Monitored the Bank’s regulatory reporting obligations
       dalam kewajiban pelaporan kepada regulator (OJK, BI,             (to the Financial Services Authority, Bank Indonesia,
       PPATK dan regulator lainnya) melalui aplikasi CMRS               PPATK, and other regulators) through the Compliance
       (Compliance Monitoring & Reporting System) sehingga              Monitoring & Reporting System (CMRS), ensuring
       kewajiban pelaporan dilakukan tepat waktu.                       timely submission.
   c. Monitoring kepatuhan Bank terhadap komitmen yang              c. Oversaw the Bank’s adherence to commitments
       dibuat oleh Bank kepada BI/OJK dan/atau pengawas                 resulting from regulatory examinations and supervisory
       lain yang berwenang yang merupakan komitmen dari                 findings.
       hasil pengawasan pihak regulator.                            d. Acted as liaison officer with the Financial Services
   d. Liaison officer kepada Otoritas Jasa Keuangan dan                 Authority, Bank Indonesia, and other relevant
       Bank Indonesia atau regulator lainnya.                           regulators.
5. Program Anti Pencucian Uang, Pencegahan Pendanaan             5. Implemented Anti-Money Laundering, Counter-Terrorism
   Terorisme dan Pencegahan Pendanaan Proliferasi Senjata           Financing, and Counter-Proliferation Financing Programs
   Pemusnah Massal (APU, PPT dan PPPSPM) sebagai                    (AML, CTF, and CPF) as part of the Bank’s ongoing
   wujud komitmen Bank untuk terus meningkatkan langkah-            commitment to strengthening these programs through
   langkah Program APU, PPT dan PPPSPM melalui berbagai             various initiatives:
   aktivitas.
   a. Penyusunan,      penyesuaian,     pembaharuan,     dan        a. Developed, refined, and updated internal policies to
       memastikan kecukupan APU, PPT, dan PPPSPM di                    ensure the adequacy of AML, CTF, and CPF frameworks
       seluruh ketentuan internal Bank Mandiri Taspen sesuai           across all internal regulations of Bank Mandiri Taspen in
       dengan ketentuan yang berlaku                                   accordance with prevailing regulations.
   b. Mengikuti penilaian Financial Integrity Rating on             b. Participated in the Financial Integrity Rating on Money
       Money Laundering and Terrorist Financing (FIR on ML/            Laundering and Terrorist Financing (FIR on ML/TF)
       TF) yang diselenggarakan oleh Pusat Pelaporan dan               assessment organized by PPATK.
       Analisis Transaksi Keuangan (PPATK)
   c. Liaison Officer (LO) bagi Lembaga Pengawas                    c. Acted as Liaison Officer (LO) for banking supervisory
       Perbankan serta Aparat Penegak Hukum dalam rangka               authorities and law enforcement agencies to enhance
       peningkatan efektivitas APU, PPT dan PPPSPM                     the effectiveness of AML, CTF, and CPF implementation.
   d. Menyusun rencana dan melaporkan realisasi                     d. Develop plans and report the realization of periodic
       pengkinian data secara berkala kepada regulator                 data updates to regulators and collaborate with
       serta bekerjasama dengan Divisi Distribution Portfolio          the Distribution Portfolio & Management Division,
       & Management, Divisi Operational Excellence &                   Operational Excellence & Customer Experience
       Customer Experience, Divisi SPM & Accounting, Divisi            Division, SPM & Accounting Division, Information
       Information Technology dan Kantor Cabang untuk                  Technology Division and Branch Offices to monitor the
       melakukan monitoring atas pemenuhan komitmen                    fulfillment of the bank’s commitment to the progress of
       bank terhadap progress pengkinian data telah sesuai             data updates in accordance with applicable provisions.
       dengan ketentuan yang berlaku.
   e. Menyelenggarakan pelatihan program APU, PPT dan               e.   Conducted AML, CTF, and CPF training programs for
       PPPSPM bagi seluruh pegawai, terutama pegawai dari                all employees, particularly those in key functional roles
       satuan kerja yang memiliki tugas fungsi sebagai Teller,           such as Teller, Customer Service, AMLO Coordinator,
       Customer Service, AMLO Koordinator, AMLO Cabang,                  Branch AMLO, Control Unit Partner (CUP), Operational
       Control Unit Partner (CUP), Operational Manager (OM)              Manager (OM), and Pension Relationship Officer (ROP).
       dan Relationship Officer Pensiunan (ROP)
   f. Melaksanakan Onsite Review dan Monitoring untuk               f. Conducted onsite reviews and monitoring to
       meningkatkan budaya kepatuhan terhadap penerapan                strengthen compliance culture and ensure effective
       Program APU, PPT dan PPPSPM secara efektif di                   implementation of AML, CTF, and CPF programs across
       seluruh Kantor Cabang                                           all branch offices.
   g. Peningkatan kualitas dan monitoring terhadap                  g. Enhanced the quality and monitoring of regulatory
       kewajiban pelaporan terkait APU, PPT, dan PPPSPM                reporting obligations related to AML, CTF, and CPF.
   h. SMART AML                                                     h. Implemented the SMART AML program.




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Program Anti Pencucian Uang (APU) dan                             Anti-Money Laundering (AML) and
Pencegahan Pendanaan Terorisme (PPT)                              Terrorism Financing Prevention (TFP)
                                                                  Programs

Penerapan Program Anti Pencucian Uang dan Pencegahan              The implementation of the Anti-Money Laundering and
Pendanaan Terorisme merupakan program yang wajib                  Prevention of Terrorism Financing Program is a program
diterapkan oleh Bank dalam melakukan hubungan usaha               that must be implemented by Banks in conducting business
dengan calon nasabah dan pengguna jasa bank (Nasabah atau         relations with prospective customers and users of bank
Walk In Customer) dengan berpedoman pada POJK Nomor               services (Customers or Walk In Customers) by referring to OJK
8 Tahun 2023 Tentang Penerapan Program Anti Pencucian             Regulation Number 8 of 2023 concerning the Implementation
Uang, Pencegahan Pendanaan Terorisme, dan Pencegahan              of the Anti-Money Laundering Program, Prevention of Terrorism
Pendanaan Proliferasi Senjata Pemusnah Massal di Sektor Jasa      Financing, and Prevention of Proliferation Funding of Weapons
Keuangan                                                          of Mass Destruction in the Financial Services Sector.


Secara operasional dalam penerapannya di Bank, Penerapan          Operationally in its implementation at the Bank, the AML &
Program APU & PPT telah diatur dalam Kebijakan, Standar           CFT Program Implementation was regulated in the AML &
Prosedur maupun Petunjuk Teknis APU & PPT. Tujuan                 CFT Policies, Standard Procedures and Technical Guidelines.
penerapan program adalah untuk mencegah dan melindungi            The purpose of implementing the program was to prevent
Bank agar tidak digunakan sebagai sarana kejahatan pencucian      and protect the Bank from being used as a means of money
uang (Money Laundering) dan pendanaan terorisme termasuk          laundering and terrorism financing, including the financing of
pendanaan proliferasi senjata pemusnah massal yang                the proliferation of weapons of mass destruction carried out
dilakukan secara langsung maupun tidak langsung oleh para         directly or indirectly by criminals.
pelaku kejahatan.


Dalam penerapan Program APU & PPT Bank telah membentuk            In implementing the AML & CFT Program the Bank established
Unit Kerja Khusus (UKK) APU & PPT yang mempunyai tugas            a Special AML & CFT Work Unit (UKK) which had the following
dan kewenangan sebagai berikut:                                   duties and authorities:
1. Menyusun dan mengusulkan pedoman penerapan program             1. Develop and propose guidelines for the implementation of
    APU & PPT kepada Direktur yang membawahkan fungsi                  the AML & CFT program to the Director in charge of the
    kepatuhan;                                                         compliance function;
2. Memastikan adanya sistem yang mendukung program APU            2. Ensuring the existence of a system that supports the
    & PPT, yaitu sistem yang antara lain dapat mengidentifikasi        AML & CFT program, namely a system that can, among
    Nasabah, Transaksi Keuangan Mencurigakan, screening                other things, identify Customers, Suspicious Financial
    data teroris     dan transaksi keuangan lainnya yang               Transactions, terrorist data screening and other financial
    diwajibkan oleh Undang-Undang melalui SMART AML;                   transactions required by law through SMART AML.;
3. Memantau pengkinian profil Nasabah dan profil transaksi        3. Monitoring customer profile updates and customer
    Nasabah;                                                           transaction profiles;
4. Melakukan koordinasi dan pemantauan terhadap                   4. Coordinating and monitoring the implementation of AML
    pelaksanaan kebijakan program APU & PPT dengan unit                & CFT program policies with related work units related to
    kerja terkait yang berhubungan dengan Nasabah/ WIC/                Customers/ WIC/ BO;
    BO;
5. Melakukan koordinasi dengan Bank Mandiri dan grup              5. Coordinating with Bank Mandiri and the conglomerate
    konglomerasi terkait pelaksanaan APU & PPT dan tukar             group regarding the implementation of AML & CFT and
    menukar informasi data PEP;                                      exchanging PEP data information;
6. Memastikan kebijakan dan prosedur telah sesuai dengan          6. Monitor the suitability of customer financial transactions
    perkembangan program APU & PPT yang terkini, risiko              with customer profiles, especially customers with high-risk
    produk, kegiatan dan kompleksitas usaha, dan volume              transactions;
    transaksi di bank termasuk dengan kondisi pandemi;
7. Memantau kesesuaian transaksi keuangan nasabah dengan          7. Receive reports of potentially suspicious financial
    profil nasabah khususnya nasabah dengan transaksi yang           transactions (red flags) from the relevant work units and
    berisiko tinggi;                                                 perform analysis on these reports;
8. Menerima laporan transaksi keuangan yang berpotensi            8. Identify transactions that meet suspicious criteria based on
    mencurigakan (red flag) dari unit kerja terkait dan              reports on the results of financial transaction analysis from
    melakukan analisis atas laporan tersebut;                        the relevant work units and/or the results of monitoring




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9. Membuat sistem screening nasabah sesuai dengan sistem         9. Creating a customer screening system in accordance
   SIPENDAR PPATK;                                                   with the Center for Reporting and Analysis of Financial
                                                                     Transactions ‘s SIPENDAR system;
10. Mengidentifikasi transaksi yang memenuhi kriteria            10. Identify transactions that meet suspicious criteria based on
    mencurigakan berdasarkan laporan hasil analisis transaksi        reports on the results of financial transaction analysis from
    keuangan dari unit kerja terkait dan/atau hasil pemantauan       the relevant work units and/or the results of monitoring
    yang dilakukan;                                                  carried out;
11. Meminimalisasi risiko operasional dengan melakukan           11. Minimizing operational risk by limiting WIC transactions;
    pembatasan transaksi WIC;
12. Menyusun LTKM dan laporan lainnya sebagaimana                12. Prepare LTKM and other reports as regulated in laws and
    diatur dalam peraturan perundang-undangan mengenai               regulations regarding the prevention and eradication of
    pencegahan dan pemberantasan tindak pidana pencucian             money laundering and terrorism financing crimes, to be
    uang dan tindak pidana pendanaan terorisme, untuk                submitted to PPATK based on the approval of the Director;
    disampaikan kepada PPATK berdasarkan persetujuan
    Direktur;
13. Memastikan bahwa:                                            13. Ensure that:
    a. Terdapat mekanisme kerja yang memadai dari setiap             a. There is an adequate working mechanism from each
        satuan kerja terkait kepada Unit Kerja Khusus (UKK)             work unit related to the UKK or officials responsible
        atau pejabat yang bertanggungjawab terhadap                     for implementing the AML and CFT programs by
        penerapan program APU & PPT dengan menjaga                      maintaining the confidentiality of information.
        kerahasiaan informasi.
    b. Satuan kerja terkait melakukan fungsi dan tugas               b. the relevant work units carry out functions and tasks
        dalam rangka mempersiapkan laporan transaksi                    in the context of preparing reports on potentially
        keuangan yang berpotensi mencurigakan sebelum                   suspicious financial transactions before submitting them
        menyampaikannya kepada UKK atau pejabat yang                    to the UKK or officials responsible for implementing the
        bertanggung jawab terhadap penerapan program APU                AML and CFT programs.
        & PPT.
    c. Memastikan satuan kerja APU & PPT cabang (AMLO)               c.  Ensure that branch AML & CFT work units (AMLO)
        memiliki checklist APU & PPT di unit masing-masing.              have an AML & CFT checklist in their respective units.
14. Memantau,      menganalisis,     dan    merekomendasikan     14. Monitoring, analyzing, and providing recommendations
    kebutuhan pelatihan program APU & PPT bagi Karyawan              related to training needs of the AML and CFT programs for
    Bank; dan                                                        PT Bank Mandiri Taspen employees, and.
15. Berperan sebagai contact person bagi Lembaga Pengawas,       15. Acting as a contact person for the Supervisory Agency,
    dan Pengatur serta Penegak Hukum.                                Regulators and Law Enforcer.


Selain pembentukan UKK,         guna peningkatan kualitas        In addition to the establishment of UKK, in order to improve
penerapan APU & PPT, Bank telah menunjuk pejabat PIC             the quality of AML & CFT implementation, the Bank appointed
APU & PPT di tingkat cabang (AMLO Cabang) sebagai                AML & CFT PIC officers at the branch level (AMLO Branch) to
pelaksana fungsi penerapan APU & PPT ditingkat cabang serta      carry out the AML & CFT implementation function at the branch
menyediakan aplikasi system SMART AML (System Monitoring,        level as well as provide the SMART AML (System Monitoring,
Analysis & Reporting Transaction) sebagai alat bantu dalam       Analysis & Reporting Transaction) system application as a
monitoring transaksi nasabah, kualitas data nasabah serta        tool in monitoring customer transactions, quality of customer
penggolongan risiko nasabah berbasis Risk Based Approach         data and classification of customer risks based on a Risk Base
(RBA) yang dapat diakses oleh UKK kantor pusat maupun            Approach (RBA) which could be accessed by head office UKKs
oleh petugas cabang dan AMLO (PIC APU & PPT di cabang).          as well as by branch officers and AMLO (PIC AML & CFT in
Pelaksanaan penerapan APU & PPT selain dilakukan terhadap        branches). The implementation of AML & CFT was not only
nasabah/pengguna jasa, juga dilakukan kepada seluruh Jajaran     carried out for customer’s/service users, but also for all Bank
Bank yaitu dengan menerapkan ketentuan terkait Know Your         officials, namely by applying the provisions related to Know
Employee (KYE).                                                  Your Employee (KYE).


KYE merupakan bagian integral dari manajemen risiko              KYE was an integral part of operational, reputation and legal
operasional, reputasi dan legal bagi Bank, dalam hal ini Bank    risk management for the Bank, in this case the Bank needed to
perlu meyakini bahwa seluruh pegawai yang seharusnya             ensure that all employees who were supposed to implement the
menerapkan program APU & PPT di Bank tidak menjadi target        AML & CFT program at the Bank were not targets of violations
pelanggaran terhadap ketentuan yang berlaku atau menjadi         of applicable regulations or become perpetrators of money




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pelaku money laundering, Pendanaan terorisme ataupun                       laundering, terrorism funding or funding for the proliferation of
pendanaan proliferasi senjata pemusnah massal baik yang aktif              weapons of mass destruction, both active and potential.
maupun potensial.


KYE dilaksanakan dari awal penerimaan pegawai sampai                       KYE was carried out from the initial recruitment of employees
dengan pasca berakhirnya hubungan kerja pegawai dengan                     until after the end of the employee’s working relationship with
perusahaan di antaranya melalui:                                           the company, including through:
a. Prosedur penyaringan dalam rangka penerimaan karyawan                   a. Screening procedures for accepting new employees (pre-
    baru (pre employee screening); dan                                         employee screening); and
b. Pengenalan dan pemantauan terhadap profil dan aktivitas                 b. Introduction and monitoring of employee profiles and
    pegawai.                                                                   activities


Untuk mendukung komitmen bank secara rutin dan berkala                     To support the bank’s commitment, the bank regularly and
bank melakukan pelatihan dan sosialisasi penerapan APU                     periodically conducted training and dissemination of AML and
dan PPT kepada seluruh jajaran bank, baik melalui training,                CFT implementation to all levels of the Bank, through training,
classroom, e-learning, vicon, assessment dan sosialisasi melalui           classroom, e-learning, vicon, assessment and socialization
media komunikasi. Adapun penerapan APU PPT pada tahun                      through communication media. The implementation of AML
2025 adalah sebagai berikut:                                               CFT in 2025 is as follows:



                       Informasi
 No                                                               Tindak lanjut                                     Follow-up
                     Informations

                                                                                                   •   All Suspicious Transaction Reports
                                                   •   Seluruh laporan TKT telah disampaikan
                                                                                                       (STR) were submitted in a timely
                                                       tepat waktu ke PPATK melalui aplikasi
                                                                                                       manner to PPATK through the goAML
                                                       goAML
                                                                                                       application.
                                                   •   Tidak terdapat laporan LTKL,
        Rekapitulasi pemenuhan kewajiban                                                           •   No Cross-Border Fund Transfer Reports
                                                       dikarenakan Bank Mandiri Taspen bukan
        pelaporan kepada Regulator                                                                     (LTKL) were submitted, as Bank Mandiri
  1.                                                   merupakan Bank Devisa dan belum
        Summary of Compliance Reporting                                                                Taspen is not a foreign exchange
                                                       mendapatkan izin untuk melakukan
        Obligations to Regulators                                                                      bank and has not obtained a license to
                                                       transaksi valuta asing
                                                                                                       conduct foreign exchange transactions.
                                                   •   Hasil pemadanan terhadap 15 data yang
                                                                                                   •   Matching results were conducted on 15
                                                       terdiri dari 13 data individu dan 12 data
                                                                                                       data records, consisting of 13 individual
                                                       non individu
                                                                                                       data and 12 non-individual data.

        Rekapitulasi pemenuhan inquiry kepada      Bank telah menindaklanjuti permintaan
                                                                                                   The Bank followed up on requests for
        Regulator dan/atau Aparat Penegak          data informasi transaksi nasabah Bank
                                                                                                   customer transaction information from
        Hukum (Apgakum)                            Mandiri Taspen atas permintaan instansi
  2.                                                                                               authorized institutions during the period
        Recapitulation of responses to inquiries   berwenang sejak bulan Januari - Desember
                                                                                                   January to December 2025, totaling 73
        from Regulators and/or Law Enforcement     2025 dengan jumlah data 73 (tujuh puluh
                                                                                                   (seventy-three) reports.
        Authorities.                               tiga) laporan.

                                                                                                   •   Adjustments to internal policies were
                                                   •   Telah dilakukan penyesuaian pada
                                                                                                       implemented in accordance with
                                                       ketentuan internal sesuai Nota
                                                                                                       Memorandum No. CMC/AML.255/2025
                                                       nomor CMC/AML.255/2025 perihal
                                                                                                       regarding the submission of DMTL OJK
                                                       Penyempaian Penyelesaian DMTL OJK
        Ketentuan baru atau perubahan                                                                  settlement for December 2025 dated
                                                       Desember 2025 tanggal 17 Desember
        ketentuan terkait APU PPT                                                                      December 17, 2025.
  3                                                    2025.
        New regulations or amendments related                                                      •   Further adjustments to internal policies
                                                   •   Telah dilakukan penyesuaian pada
        to the AML/CTF Program                                                                         were implemented in accordance with
                                                       ketentuan internal sesuai Nota
                                                                                                       Memorandum No. CMC.AML/274/2025
                                                       nomor CMC.AML/274/2025 perihal
                                                                                                       regarding the submission of DMTL OJK
                                                       Penyampaian Penyelesaian DMTL OJK
                                                                                                       settlement for the 2025 period.
                                                       periode 2025


        Ketentuan dalam Kebijakan dan Standar
        Prosedur APU PPT yang bertentangan
        dengan regulasi setempat atau
        sebaliknya
  4.                                               -                                               -
        Provisions within AML/CTF Policies
        and Standard Operating Procedures
        that were inconsistent with applicable
        regulations, or vice versa




       726                                                                                                                Laporan Tahunan 2025
Page 727
                                                                                                                      PT Bank Mandiri Taspen




                        Informasi
 No                                                              Tindak lanjut                                       Follow-up
                      Informations

         Pelaksanaan training dan sosialisasi
         kepada pegawai terkait penerapan
         program APU PPT
  5      Implementation of training and            -                                               -
         dissemination programs to employees
         regarding the application of the AML/
         CTF Program

         Pergantian Pejabat Compliance Officer /
         AML Officer yang berwenang mengelola
         pelaksanaan dan pelaporan APU PPT                                                         As of the reporting date, the vacant position
                                                   Saat ini posisi yang vacant di Unit APU PPT
         (jika ada)                                                                                within the AML, CTF, and CPF Unit of Bank
  6                                                & PPPSPM Bank Mandiri Taspen adalah TL
         Changes in Compliance Officers / AML                                                      Mandiri Taspen was the Team Leader for
                                                   System & Reporting AML CFT
         Officers authorized to manage the                                                         AML/CFT System & Reporting.
         implementation and reporting of the
         AML/CTF Program (if any)

         Kendala-kendala yang dihadapi
  7                                                -                                               -
         Challenges encountered

         Usulan perbaikan penerapan program
         APU PPT dalam Konglomerasi Keuangan
         Proposed improvements for the
  8                                                -                                               -
         implementation of the AML/
         CTF Program within the Financial
         Conglomeration




Perkara Hukum                                                             Lawsuit


                                                                                                                              Jumlah
                                                                                                                              Amount
                Permasalahan Hukum                                            Legal Issues
                                                                                                                      Perdata        Pidana
                                                                                                                       Civil         Criminal

 Perkara/Permasalahan Hukum yang masih dalam
                                                         Cases/Legal Issues that are still in the process of being
 proses penyelesaian di pengadilan (belum ada                                                                             4              -
                                                         resolved in court (no decision yet)
 putusan)

 Perkara/Permasalahan Hukum yang masih dalam             Cases/Legal Issues that are still in the process of being
                                                                                                                          -              7
 proses penyelesaian di kepolisian/kejaksaan             resolved at the police/prosecutor's office

 Perkara/Permasalahan Hukum yang telah selesai           Cases/Legal Issues that have been completed (have
                                                                                                                          6              -
 (telah mempunyai kekuatan hukum tetap)                  permanent legal force)

 Perkara/Permasalahan Hukum dicabut oleh Penggugat       The plaintiff revokes case/Legal Issue                           1              -

 Perkara/Permasalahan Hukum yang telah selesai           Cases/Legal issues that have been completed by the
                                                                                                                          -              5
 prosesnya di kepolisian                                 police

 Total                                                   Total                                                           11             12




2025 Annual Report                                                                                                                    727
Page 728
Corporate Governance
Corporate Governance




Perkara Hukum yang Dihadapi Perusahaan                                    Legal Cases Facing The Company


                                                                                                                         Pengaruhnya
                                                                                          Risiko dan Nominal           terhadap kondisi
                       Pokok Perkara/Gugatan                      Status Penyelesaian           Gugatan                   Perusahaan
 No
                          Main Case/Claim                          Completion Status      Risk and Amount of             Its impact on
                                                                                                Lawsuit                 the Company’s
                                                                                                                           condition

  1.    139/Pdt.G/2025/PN Amp                                     Telah di putus dalam    Fasilitas I                Perkara tidak
        Penggugat:                                                tingkat pertama         Bade :Rp                   berdampak
        Ni Nengah Merta                                           (Pengadilan Negeri      336.685.714,35             langsung
        Tergugat I :                                              Amlapura), Bank                                    atas kondisi
        Bank Mandiri Taspen KCP Karangasem                        Mandiri Taspen          Fasilitas II               perusahaan
                                                                  menang dalam hal ini.   Bade :Rp
        Tergugat II :                                                                     1.000.000.000
        Kepala Bidang Kredit Bank Mandiri Taspen KCP
        Karangasem
        Tergugat III:
        Manager Bank Mandiri Taspen KCP Karangasem
        Tergugat IV:
        Kantor Pelayanan Kekayaan Negara dan Lelang
        Singaraja (KPKNL)
        Penguggat adalah debitur Bank Mandiri Taspen KCP
        Karangasem 2 fasilitas pinjaman dengan disertakan 3
        agunan kredit.

        139/Pdt.G/2025/PN Amp                                     A first-instance        Facility I: Outstanding    The case did not have
        Plaintiff:                                                decision was rendered   balance (BADE)             a direct impact on the
        Ni Nengah Merta                                           by the Pengadilan       amounted to                Company’s condition.
        Defendant I:                                              Negeri Amlapura, in     IDR336,685,714.35.
        Bank Mandiri Taspen, Karangasem Branch Office             which Bank Mandiri      Facility II: Outstanding
                                                                  Taspen prevailed.       balance (BADE)
        Defendant II:                                                                     amounted to
        Head of Credit, Bank Mandiri Taspen, Karangasem                                   IDR1,000,000,000.
        Branch Office
        Defendant III:
        Manager, Bank Mandiri Taspen, Karangasem Branch
        Office
        Defendant IV:
        Singaraja State Assets and Auction Service Office
        (KPKNL)
        The plaintiff is a debtor of Bank Mandiri Taspen,
        Karangasem Branch Office, for two loan facilities, with
        three collaterals.

  2     835/Pdt.Bth/2025/PN Sgr                                   Masih dalam proses      fasilitas kredit I         Perkara tidak
        PN Singaraja                                              di Pengadilan Negeri    (MKPRK) Bade sebesar       berdampak
                                                                  Singaraja               Rp 1.600.000.000,-         langsung
        Pembantah :                                                                                                  atas kondisi
        Nyoman Sutarya                                                                    Atas fasilitas kredit      perusahaan
        Terbantah I :                                                                     II (KKG01) telah
        PT Bank Mandiri Taspen                                                            dilakukan pelunasan
        Turut Terbantah I :                                                               kredit oleh debitur.
        Kantor Pelayanan Kekayaan Negara dan Lelang
        (KPKNL) Singaraja
        Turut Terbantah II :
        Kantor Pertanahan Kabupaten Buleleng
        Ybs merupakan debitur bank Mantap dengan fasilitas
        2 kredit.
        Terhadap fasilitas MKPRK yang diberikan dilakukan
        pengikatan agunan dengan sebidang tanah SHM No
        2443/ Desa Bakti Seraga seluas 155m2 , SHM No
        2881/ Desa Bakti Seraga seluas 200m2 dan SHM No
        989/ Desa Munduk seluas 3.350 m2.
        Terhadap fasilitas KKG01 yang diberikan dilakukan
        pengikatan agunan dengan sebidang tanah SHM No
        01636/ Desa Munduk seluas 180m2 , SHM No 731/
        Desa Bubunan seluas 300m2 dan SHM No 1509/ Desa
        Munduk seluas 2.000 m2




       728                                                                                                             Laporan Tahunan 2025
Page 729
                                                                                                                  PT Bank Mandiri Taspen




                                                                                                                        Pengaruhnya
                                                                                          Risiko dan Nominal          terhadap kondisi
                     Pokok Perkara/Gugatan                         Status Penyelesaian          Gugatan                  Perusahaan
 No
                        Main Case/Claim                             Completion Status     Risk and Amount of            Its impact on
                                                                                                Lawsuit                the Company’s
                                                                                                                          condition

       835/Pdt.Bth/2025/PN Sgr                                     The case remained      Credit Facility I         The case did not have
       Singaraja District Court                                    under process at the   (MKPRK): Outstanding      a direct impact on the
                                                                   Pengadilan Negeri      balance (BADE)            Company’s condition.
       Objector:                                                   Singaraja.             amounted to
       Nyoman Sutarya                                                                     IDR1,600,000,000.
       Objective I:
       PT Bank Mandiri Taspen                                                             Credit Facility II
       Objective I:                                                                       (KKG01): The debtor
       Singaraja State Assets and Auction Service Office                                  had fully settled the
       (KPKNL)                                                                            loan.

       Objective II:
       Buleleng Regency Land Office
       The defendant is a debtor of Bank Mantap with two
       credit facilities.
       The MKPRK facility provided was secured as collateral
       in the form of land with SHM No. 2443/Bakti Seraga
       Village, measuring 155 m2, SHM No. 2881/Bakti
       Seraga Village, measuring 200 m2, and SHM No. 989/
       Munduk Village, measuring 3,350 m2.
       For the KKG01 facility provided, collateral was secured
       with a plot of land SHM No. 01636/Munduk Village with
       an area of 180m2, SHM No. 731/Bubunan Village with
       an area of 300m2 and SHM No. 1509/Munduk Village
       with an area of 2,000m2.

  3    1463/Pdt.Bth/2025/ PN DPS                                   Masih dalam proses     Sisa Fasilitas I :        Perkara tidak
       Pelawan :                                                   di Pengadilan Negeri   Rp 377.322.240            berdampak
       Wayan Budi Ardana                                           Denpasar               Fasilitas II:             langsung
                                                                                          Rp 295.206.710            atas kondisi
       Terlawan I :                                                                                                 perusahaan
       PT Bank Mandiri Taspen, Kantor Cabang Melati -
       Denpasar
       Terlawan II:
       Kementrian Keuangan Republik Indonesia, Kantor
       Pelayanan Kekayaan Negara dan Lelang Denpasar
       (KPKNL)
       Bahwa Debitur memiliki 2 (dua) Fasilitas Kredit.
       Fasilitas MKPRK dimulai tahun 2015 dengan plafon
       awal Rp800 juta untuk Usaha Toko Bangunan,
       namun debitur beberapa kali mengalami addendum
       berupa perpanjanhan jangka waktu (2016-2019) dan
       penambahan plafon menjadi Rp 1,5 Miliar.
       Fasilitas KGM02 diberikan tahun 2016 dengan plafon
       Rp 500 juta dan kemudian direstruktur menjadi tenor 66
       bulan pada tahun 2019.

       1463/Pdt.Bth/2025/PN DPS                                    The case remained      Remaining Amount for      Remaining Amount for
       Opponent:                                                   under process at the   Facility I:               Facility I:
       Wayan Budi Ardana                                           Pengadilan Negeri      IDR377,322,240            IDR377,322,240
                                                                   Denpasar.              Facility II:              Facility II:
       Opponent I:                                                                        IDR295,206,710            IDR295,206,710
       PT Bank Mandiri Taspen, Melati Branch Office -
       Denpasar
       Opponent II:
       Ministry of Finance of the Republic of Indonesia,
       Denpasar State Assets and Auction Services Office
       (KPKNL)
       The Debtor has two credit facilities.
       The MKPRK facility began in 2015 with an initial limit of
       IDR 800 million for a building materials shop business.
       However, the debtor experienced several addendums,
       including term extensions (2016-2019) and an increase
       to IDR 1.5 billion.
       The KGM02 facility was granted in 2016 with a limit
       of IDR 500 million and was then restructured to a
       66-month term in 2019.




2025 Annual Report                                                                                                                  729
Page 730
Corporate Governance
Corporate Governance




                                                                                                                          Pengaruhnya
                                                                                            Risiko dan Nominal          terhadap kondisi
                       Pokok Perkara/Gugatan                      Status Penyelesaian             Gugatan                  Perusahaan
 No
                          Main Case/Claim                          Completion Status        Risk and Amount of            Its impact on
                                                                                                  Lawsuit                the Company’s
                                                                                                                            condition

  4    860/Pdt.Bth/2025/PN SGR                                    Masih dalam proses        Fasilitas I :             Perkara tidak
       Pembantah :                                                di Pengadilan Negeri      Sisa Bade Kredit          berdampak
       I Made Suwebawa                                            Singaraja                 Rp3.500.000.000.          langsung
                                                                                            Fasilitas II:             atas kondisi
       Terbantah I :                                                                        Debitur telah melunasi    perusahaan
       PT Bank Mandiri Taspen                                                               pelunasan dengan
       Turut Tergugat I:                                                                    keringanan BDO
       Kementrian Keuangan Republik Indonesia, Kantor                                       tanggal 27 Desember
       Pelayanan Kekayaan Negara dan Lelang Singaraja                                       2023.
       (KPKNL).
       Turut Tergugat II:
       Kantor Pertanahan Kabupaten Buleleng
       Debitur memperoleh 2 (dua) fasilitas kredit, yaitu
       MKPRK Rp 3,5 M dan KIG01 Rp 500 Juta, dengan
       agunan SHM Elektronik NIB 22.04.000010776.0 milik
       ayah debitur sebagai penjamin.
       Fasilitas KIG01 telah dilunasi pada 27 Juli 2022 melalui
       skema keringanan BDO, sehingga tidak menimbulkan
       tunggakan; sedangkan fasilitas MKPRK tetap
       bermasalah meski telah direstrukturisasi berkali-kali
       (Addendum I–VIII).

       860/Pdt.Bth/2025/PN SGR                                    The case remained         Facility I: Remaining     The case did not have
       Objector:                                                  under process at the      credit plafond of         a direct impact on the
       I Made Suwebawa                                            Pengadilan Negeri         IDR3,500,000,000.         Company’s condition.
                                                                  Singaraja.                Facility II: The debtor
       Objective I:                                                                         had fully settled the
       PT Bank Mandiri Taspen                                                               obligation under a BDO
       Co-Defendant I:                                                                      (debt relief) scheme on
       Ministry of Finance of the Republic of Indonesia,                                    December 27, 2023.
       Singaraja State Assets and Auction Service Office
       (KPKNL).
       Co-Defendant II:
       Buleleng Regency Land Office
       The debtor obtained two credit facilities: MKPRK
       for IDR 3.5 billion and KIG01 for IDR 500 million,
       secured by an Electronic SHM (SHM) with NIB number
       22.04.000010776.0 belonging to the debtor’s father as
       guarantor.
       The KIG01 facility was repaid on July 27, 2022, through
       the BDO relief scheme, thus resulting in no arrears;
       while the MKPRK facility remains problematic despite
       repeated restructuring (Addendums I–VIII).

  5    LP-B/93/III/2020/Res. Serang Kota/SPKT-C tanggal           Masih dalam proses di     -                         Perkara tidak
       2/3/2020                                                   Polres Serang Kota                                  berdampak langsung
       Pelapor :                                                                                                      atas kondisi
       Bank Mandiri Taspen/ Eksternal Lawyer                                                                          perusahaan

       Terlapor :
       N.Husnia alias Ene Husnia
       (Polres Serang Kota)
       Adanya dugaan penyalahgunaan kewenangan yang
       dilakukan oleh oknum Relation Officer Pension (ROP)
       terhadap 17 debiturnya.

       LP-B/93/III/2020/Res. Serang City/SPKT-C dated             The case remained         -                         The case did not have
       March 2, 2020                                              under investigation at                              a direct impact on the
       Reporter:                                                  the Polres Serang Kota.                             Company’s condition.
       Bank Mandiri Taspen/External Lawyer
       Reported:
       N. Husnia alias Ene Husnia
       (Serang City Police)
       Allegations of abuse of authority by a Pension Relations
       Officer (ROP) against 17 debtors.




      730                                                                                                               Laporan Tahunan 2025
Page 731
                                                                                                                    PT Bank Mandiri Taspen




                                                                                                                          Pengaruhnya
                                                                                               Risiko dan Nominal       terhadap kondisi
                     Pokok Perkara/Gugatan                          Status Penyelesaian              Gugatan               Perusahaan
 No
                        Main Case/Claim                              Completion Status         Risk and Amount of         Its impact on
                                                                                                     Lawsuit             the Company’s
                                                                                                                            condition

  6    42/Pdt.G/2025/PN Amp tanggal 18 Februari 2025                Bahwa telah dibacakan      -                      Perkara tidak
       Para Penggugat:                                              putusan pengadilan                                berdampak
       Ni Nyoman Kari Dkk                                           pada 21 Oktober 2025,                             Langsung atas kondisi
                                                                    dengan amar putusan                               perusahaan
       Tergugat I : Ni Wayan Ayu Arini :                            sbg berikut :
       Tergugat II : PT Bank Mandiri Taspen :                       Mengabulkan gugatan
       Turut Tergugat I : I Nengah Swadi,SH.,SPN.,MKn               Para Penggugat
                                                                    Konvensi/Para
       Turut Tergugat II :Kepala Kantor Pertanahan Karang           Tergugat Rekonvensi
       Asem                                                         sebagian
       Bahwa Para Penggugat adalah ahli waris dari I Rebat
       (almarhum) yang mempunyai anak Para Penggugat;
       Bahwa permasalahan ini merupakan perselisihan antar
       ahli waris;
       Bahwa terdapat bidang tanah dalam objek sengketa ahli
       waris yang dijadikan objek jaminan fasilitas kredit Bank
       Mandiri Taspen (KCP Kubu);

       42/Pdt.G/2025/PN Amp dated February 18, 2025                 A court decision was       -                      The case did not have
       Plaintiffs:                                                  pronounced on October                             a direct impact on the
       Ni Nyoman Kari et al                                         21, 2025, with the                                Company’s condition.
                                                                    following rulings:
       Defendant I: Ni Wayan Ayu Arini                              Partially granted the
       Defendant II: PT Bank Mandiri Taspen                         claims of the Plaintiffs
       Co-Defendant I: I Nengah Swadi, SH., SPN., MKn               in the Principal Claim/
                                                                    Defendants in the
       Co-Defendant II: Head of the Karang Asem Land Office         Counterclaim.
       The Plaintiffs are the heirs of I Rebat (deceased) who
       has the Plaintiffs’ children;
       That this matter is a dispute between the heirs;
       That a plot of land within the disputed heirs is used as
       collateral for a Bank Mandiri Taspen credit facility (Kubu
       Branch Office);

  7    422/Pdt.G/2025/PN Dps                                        Bahwa telah dibacakan      -                      Perkara tidak
       Penggugat:                                                   putusan pengadilan                                berdampak
       Rina Damayanti, ST                                           pada 3 Desember                                   Langsung atas kondisi
                                                                    2025, dengan amar                                 perusahaan
       Tergugat I :                                                 putusan sbg berikut
       Adrianto Eka Nugraha,ST
       Turut Tergugat I :                                           Menghukum
       Erwin Sepriyanto                                             Penggugat Konvensi/
       Turut Tergugat II:                                           Tergugat Rekonvensi
       Marthin Hendrayana Saleh                                     untuk membayar biaya
                                                                    perkara sejumlah
       Turut Tergugat III:                                          Rp2.624.000,00 (dua
       Bank Mandiri Taspen Kantor Cabang Melati                     juta enam ratus dua
       Nasabah yang dalam hal ini sebagai Tergugat I a.n            puluh empat ribu
       Adrianto Eka Nugraha telah diputuskan bercerai dengan        rupiah);
       mantan istrinya a.n Rina Damayanti (Penggugat)
       menyampaikan gugatan harta bersama terhadap
       nasabah.

       422/Pdt.G/2025/PN Dps                                        That the court decision    -                      The case did not have
       Plaintiff:                                                   was read out on                                   a direct impact on the
       Rina Damayanti, ST                                           December 3, 2025,                                 Company’s condition.
                                                                    with the following
       Defendant I:                                                 verdict:
       Adrianto Eka Nugraha, ST
       Co-Defendant I:                                              Sentencing the
       Erwin Sepriyanto                                             Conventional Plaintiff/
       Co-Defendant II:                                             Reconventional
       Marthin Hendrayana Saleh                                     Defendant to pay court
                                                                    costs in the amount of
       Co-Defendant III:                                            Rp2,624,000.00 (two
       Bank Mandiri Taspen Melati Branch                            million six hundred
       The customer, in this case Defendant I, Adrianto Eka         twenty-four thousand
       Nugraha, has been divorced from his ex-wife, Rina            rupiah);
       Damayanti (Plaintiff), and has filed a joint property
       lawsuit against the customer.




2025 Annual Report                                                                                                                  731
Page 732
Corporate Governance
Corporate Governance




                                                                                                                      Pengaruhnya
                                                                                             Risiko dan Nominal     terhadap kondisi
                       Pokok Perkara/Gugatan                     Status Penyelesaian               Gugatan             Perusahaan
 No
                          Main Case/Claim                         Completion Status          Risk and Amount of       Its impact on
                                                                                                   Lawsuit           the Company’s
                                                                                                                        condition

  8    13/Pdt.G.S/2025/PN.Kpg tanggal 25 April 2025              Sidang putusan              -                    Perkara tidak
       PN Kupang                                                 dilakukan pada 23                                berdampak
                                                                 Mei 2025, dengan                                 Langsung atas kondisi
       Penggugat :                                               amar putusan sebagai                             Perusahaan
       Ny. Yustin Elvry Toka, ST                                 berikut:
       Yang dikuasakan melalui Adrianus Sinlae Co.               - Menolak gugatan
       Counsellors at Law                                            Penggugat untuk
       Tergugat I :                                                  seluruhnya;
       Bank Mandiri Taspen KC Kupang                             - Menghukum
                                                                     Penggugat untuk
       Gugatan diajukan terkait dengan Insiden pada tanggal 1        membayar biaya
       Maret 2025 dimana telah terjadi gangguan pada system          perkara sejumlah
       Bank, yang menyebabkan terjadinya kelebihan bayar             Rp188.000,00
       pada gaji pensiun.                                            (Seratus delapan
                                                                     puluh delapan ribu
                                                                     rupiah)

       13/Pdt.G.S/2025/PN.Kpg dated April 25, 2025               A court hearing held on     -                    The case did not have
       Kupang District Court                                     May 23, 2025 resulted                            a direct impact on the
                                                                 in the following                                 Company’s condition.
       Plaintiff:                                                judgment:
       Mrs. Yustin Elvry Toka, ST                                - Dismissed the
       Authorized through Adrianus Sinlae Co. Counselors at          Plaintiff’s claims in
       Law                                                           their entirety.
       Defendant I:                                              - Ordered the
       Bank Mandiri Taspen Kupang Branch                             Plaintiff to pay
                                                                     litigation costs
       The lawsuit was filed in connection with an incident on       amounting to
       March 1, 2025, in which a disruption occurred in the          IDR188,000 (one
       bank’s system, resulting in an overpayment of pension         hundred eighty-
       benefits.                                                     eight thousand
                                                                     Rupiah).

  9    252/Pdt.G/2025/PN Tjk                                     Sidang dilanjutkan          -                    Perkara tidak
       PN Tanjung Karang                                         pada 3 Desember                                  berdampak
                                                                 2025 dengan agenda                               Langsung atas kondisi
       Penggugat :                                               putusan, adapun                                  perusahaan
       Elpin                                                     amar putusan sebagai
       Tergugat :                                                berikut:
       Bank Mandiri Taspen cabang Bandar Lampung                 - Menghukum
       Ybs merupakan debitur KC Bandar Lampung dengan               kedua belah pihak
       fasilitas 2 kredit.                                          tersebut untuk
       Fasilitas I dengan plafond Rp 306.900.000, jangka            mentaati dan
       waktu 240bulan, cash on hand Rp 42.897.540; Fasilitas        melaksanakan
       II dengan plafond Rp 42.600.000 jangka waktu 30              isi Kesepakatan
       bulan, cash on hand Rp26.241.937                             Perdamaian
                                                                    tersebut diatas.
                                                                 - Menghukum kedua
                                                                    belah pihak untuk
                                                                    membayar biaya
                                                                    perkara sejumlah
                                                                    Rp534.500.000,-
                                                                    masing-masing
                                                                    setengahnya




      732                                                                                                           Laporan Tahunan 2025
Page 733
                                                                                                                     PT Bank Mandiri Taspen




                                                                                                                           Pengaruhnya
                                                                                                Risiko dan Nominal       terhadap kondisi
                     Pokok Perkara/Gugatan                         Status Penyelesaian                Gugatan               Perusahaan
 No
                        Main Case/Claim                             Completion Status           Risk and Amount of         Its impact on
                                                                                                      Lawsuit             the Company’s
                                                                                                                             condition

       252/Pdt.G/2025/PN Tjk                                       A subsequent hearing         -                      The case did not have
       Tanjung Karang District Court                               on December 3, 2025,                                a direct impact on the
                                                                   with the agenda of                                  Company’s condition.
       Plaintiff:                                                  judgment, resulted in
       Elpin                                                       the following rulings:
       Defendant:                                                  - Ordered both
       Bank Mandiri Taspen Bandar Lampung Branch                       parties to comply
       The person is a debtor at the Bandar Lampung branch             with and implement
       office with two credit facilities.                              the terms of
       Facility I has a ceiling of Rp 306,900,000, a term of 240       the Settlement
       months, with cash on hand of Rp 42,897,540; Facility            Agreement.
       II has a ceiling of Rp 42,600,000, a term of 30 months,     - Ordered both
       with cash on hand of Rp 26,241,937.                             parties to share
                                                                       equally the litigation
                                                                       costs amounting to
                                                                       IDR534,500,000.

 10    50/Pdt.G/2025/PN Jpa                                        Sidang putusan               -                      Perkara tidak
       PN Jepara                                                   dilakukan pada 27                                   berdampak
                                                                   November 2025,                                      Langsung atas kondisi
       Penggugat :                                                 dengan amar putusan                                 perusahaan
       Hari Rahayu                                                 sebagai berikut:
       Tergugat I :                                                - Menghukum
       Bank Mandiri Taspen KCP Jepara                                  para pihak yaitu
       Tergugat II :                                                   Penggugat,
       PT Taspen (Persero) KCU Semarang                                Tergugat I, Tergugat
                                                                       II dan Turut
       Turut Tergugat :                                                Tergugat tersebut
       Otoritas Jasa Keuangan Kantor Regional 3 Jateng dan             untuk mentaati
       DIY                                                             isi kesepakatan
       Pengggugat adalah ahli waris / Pensiun terusan Janda            perdamaian tanggal
       dari Alm. Jati Susetyono, S.Pd,. M.Pd yang merupakan            20 November
       penerima hak Penerima Pensiun yang disalurkan                   2025 yang telah
       melalui Bank Jateng Cabang Jepara (tempat pencairan             disepakati tersebut
       pensiun yang telah berjalan lancar selama masa hidup            di atas;
       almarhum);                                                  - Menghukum
                                                                       Penggugat untuk
                                                                       membayar biaya
                                                                       yang timbul dalam
                                                                       perkara ini sejumlah
                                                                       Rp349.000,00
                                                                       (tiga ratus empat
                                                                       puluh sembilan ribu
                                                                       rupiah);

       50/Pdt.G/2025/PN Jpa                                        A court decision             -                      The case did not have
       Jepara District Court                                       dated November 27,                                  a direct impact on the
                                                                   2025 resulted in the                                Company’s condition.
       Plaintiff: Hari Rahayu                                      following rulings:
       Defendant I: Bank Mandiri Taspen Jepara Branch Office       - Ordered the
       Defendant II: PT Taspen (Persero) Semarang Branch               parties, namely the
       Office                                                          Plaintiff, Defendant
                                                                       I, Defendant II, and
       Co-Defendant: Financial Services Authority Regional             Co-Defendant,
       Office 3 Central Java and Yogyakarta                            to comply with
       The Plaintiff is the heir/continued pensioner of the            the Settlement
       widow of the late Jati Susetyono, S.Pd., M.Pd., who was         Agreement dated
       the recipient of the pension benefits distributed through       November 20,
       Bank Jateng Jepara Branch (the pension disbursement             2025.
       point that had been running smoothly during the             - Ordered the
       deceased’s lifetime).                                           Plaintiff to pay
                                                                       litigation costs
                                                                       amounting to
                                                                       IDR349,000 (three
                                                                       hundred forty-nine
                                                                       thousand Rupiah).




2025 Annual Report                                                                                                                   733
Page 734
Corporate Governance
Corporate Governance




                                                                                                                      Pengaruhnya
                                                                                           Risiko dan Nominal       terhadap kondisi
                       Pokok Perkara/Gugatan                      Status Penyelesaian            Gugatan               Perusahaan
 No
                          Main Case/Claim                          Completion Status       Risk and Amount of         Its impact on
                                                                                                 Lawsuit             the Company’s
                                                                                                                        condition

  11    167/Pdt.G/2025/PN.Sby tanggal 11 Februari 2025            Sidang putusan           -                      The case did not have
        PN Surabaya                                               dilakukan pada 11                               a direct impact on the
                                                                  Agustus 2025, dengan                            Company’s condition.
        Penggugat :                                               amar putusan sebagai
        Guntoro Sutiono                                           berikut:
        Yang dikuasakan melalui Sarmaidin Harahap, S.H &          - Menolak gugatan
        Partners                                                      Penggugat
        Tergugat I :                                                  Konvensi
        Bank Mandiri Taspen KCP Rungkut                               seluruhnya;
                                                                  - Menghukum
        Tergugat II:                                                  Penggugat
        R. Hendrix Kurniawan                                          Konvensi/Tergugat
        30 April 2022, Penggugat bersama dengan kuasa                 Rekonvensi untuk
        hukumnya datang ke Bank untuk mencairkan dana                 membayar biaya
        pensiun sebesar Rp 75.000.000 dan atas pencairan              perkara sejumlah
        tersebut ditransferkan ke rekening Hendrik (kuasa             Rp410.000,00
        hukum Penggugat pada gugatan 2&3)                             (empat ratus
                                                                      sepuluh ribu
                                                                      rupiah);

        167/Pdt.G/2025/PN.Sby dated February 11, 2025             A court decision         -                      The case did not have
        Surabaya District Court                                   dated August 11,                                a direct impact on the
                                                                  2025 resulted in the                            Company’s condition.
        Plaintiff:                                                following rulings:
        Guntoro Sutiono                                           - Dismissed the
        Authorized through Sarmaidin Harahap, S.H. & Partners         claims of the
                                                                      Plaintiff in the
        Defendant I:                                                  Principal Claim in
        Bank Mandiri Taspen Rungkut Branch                            their entirety.
        Defendant II:                                             - Ordered the
        R. Hendrix Kurniawan                                          Plaintiff in the
        April 30, 2022, the Plaintiff, along with his attorney,       Principal Claim/
        went to the bank to withdraw Rp 75,000,000 in pension         Defendant in the
        funds. The funds were transferred to Hendrik’s account        Counterclaim
        (the Plaintiff’s attorney in claims 2 and 3).                 to pay litigation
                                                                      costs amounting
                                                                      to IDR410,000
                                                                      (four hundred ten
                                                                      thousand Rupiah).




Permasalahan Hukum yang Sedang Dihadapi                                   Legal Cases Currently Faced by The Board of
Dewan Komisaris dan Direksi yang Sedang                                   Commissioners and Directors In Office
Menjabat

Selama periode tahun 2025, tidak ada anggota Dewan                        During the period of 2025, there are no in office members of the
Komisaris dan Direksi Bank Mandiri Taspen yang sedang                     Board of Commissioners and Board of Directors of Bank Mandiri
menjabat memiliki permasalahan hukum, baik perdata maupun                 Taspen who have legal problems, both civil and criminal.
pidana.

Permasalahan Hukum yang Sedang Dihadapi                                   Legal Cases Currently Faced by The Subsidiary
Anak Perusahaan

Sampai dengan 31 Desember 2025, Bank Mandiri Taspen                       As of December 31, 2025, Bank Mandiri Taspen did not have
belum memiliki Entitas Anak, sehingga tidak terdapat informasi            any subsidiaries; therefore, there were no legal issues faced by
permasalahan hukum yang sedang dihadapi oleh Entitas Anak.                any subsidiary to be disclosed.




       734                                                                                                          Laporan Tahunan 2025
Page 735
                                                                                                                  PT Bank Mandiri Taspen




Sanksi Administratif yang Dikenakan                                         Imposed on Companies, Members of The
Kepada Perusahaan, Anggota Dewan                                            Board of Commissioners and Board of
Komisaris dan Direksi oleh Otoritas Pasar                                   Directors by Capital Market Authorities and
Modal dan Otoritas Lainnya                                                  Other Authorities

Adapun sanksi administratif yang               dikenakan     kepada         The administrative sanctions imposed on the Company during
Perusahaan selama tahun 2025 yaitu:                                         2025 were as follows:



                                                                                Tanggal
                 Jenis Pelanggaran                           Otoritas          Pengenaan        Nominal            Unit Kerja Terkait
                  Type of Violation                          Authority           Date of          Rp.             Related Work Units
                                                                               Imposition

 Kesalahan Pelaporan : Surat No. SR-123/PB.21/2025
                                                                                                              •   Divisi SPM & Accounting
 tanggal 22 Juli 2025 terkait kesalahan pelaporan
                                                                                                              •   Divisi Distribution &
 Sistem Layanan Informasi Keuangan atas hasil
                                                                                                                  Portfolio Management
 pemeriksaan                                               Otoritas Jasa      25 Juli 2025
                                                                                              50.000.000,-    •   SPM & Accounting
 Reporting Error: Letter No. SR-123/PB.21/2025 dated       Keuangan (OJK)     July 25, 2025
                                                                                                                  Division
 July 22, 2025, concerning inaccuracies in the Financial
                                                                                                              •   Distribution & Portfolio
 Information Service System reporting based on audit
                                                                                                                  Management Division
 findings.


Sepanjang tahun 2025 tidak terdapat sanksi yang dikenakan                   Throughout 2025, no sanctions were imposed on members of
kepada Anggota Dewan Komisaris maupun Direksi.                              the Board of Commissioners or the Board of Directors.



Akses Informasi dan Data Perusahaan                                         Access to Company Information and Data

Bank Mandiri Taspen telah menyediakan akses informasi bagi                  Bank Mandiri Taspen has provided information access for
para pemangku kepentingan untuk mendapatkan informasi                       stakeholders to get more information through:
lebih lanjut melalui:


Corporate Secretary and Legal                                               Corporate Secretary and Legal
Tulus Parulian Hutabarat                                                    Tulus Parulian Hutabarat
PT Bank Mandiri Taspen                                                      PT Bank Mandiri Taspen
Kantor Pusat Bank Mandiri Taspen                                            Head Office Bank Mandiri Taspen
Graha Mantap                                                                Graha Mantap
Jl. Proklamasi No.31                                                        Jl. Proklamasi No.31
Kec. Menteng, Kota Jakarta Pusat,                                           Kec. Menteng, Kota Jakarta Pusat,
Daerah Khusus Ibukota Jakarta 10320                                         Daerah Khusus Ibukota Jakarta 10320
Telp. (62-21) 212-31772                                                     Telp. (62-21) 212-31772
Fax. (62-21) 212-31984                                                      Fax. (62-21) 212-31984
Indonesia                                                                   Indonesia
Email: corporate.secretary@bankmandiritaspen.co.id                          Email: corporate.secretary@bankmandiritaspen.co.id
Website: www.bankmandiritaspen.co.id                                        Website: www.bankmandiritaspen.co.id
X (Twitter): (@MandiriTaspen)                                               X (Twitter): (@MandiriTaspen)
Facebook (Bank Mandiri Taspen)                                              Facebook (Bank Mandiri Taspen)
Whatsapp resmi Bank (0811 8857 770)                                         Whatsapp resmi Bank (0811 8857 770)
Instagram (bank.mandiritaspen)                                              Instagram (bank.mandiritaspen)
Youtube (Bank Mandiri Taspen)                                               Youtube (Bank Mandiri Taspen)
Tiktok (Bank Mandiri Taspen)                                                Tiktok (Bank Mandiri Taspen)


Selain melalui Sekretaris Perusahaan, guna memberikan                       In addition to through the Corporate Secretary, in order to
kemudahan bagi para pemangku kepentingan dalam                              provide convenience for stakeholders in accessing information
mengakses informasi terkait Bank, Bank Mandiri Taspen juga                  related to the Bank, Bank Mandiri Taspen also publishes
telah memuat informasi-informasi meliputi informasi produk                  information concerning products and services, financial reports,
dan layanan, laporan keuangan, pedoman-pedoman GCG Bank                     the Bank’s GCG guidelines as well as company activities that




2025 Annual Report                                                                                                                735
Page 736
Corporate Governance
Corporate Governance




serta kegiatan perusahaan yang dapat diakses melalui situs      can be accessed through the company’s website at www.
web perusahaan di www.bankmandiritaspen.co.id.                  bankmandiritaspen.co.id.


Bank Mandiri Taspen belum menjadi perusahaan yang               Bank Mandiri Taspen is not yet a company that lists its shares on
mencatat sahamnya di bursa saham sehingga tidak terdapat        the stock exchange, so there is no investor relation. The investor
investor relation. Adapun fungsi investor relation dijalankan   relations function is carried out by the Corporate Secretary.
oleh Sekretaris Perusahaan.


Analisyt Meeting                                                Analisyt Meeting

Sebagai emiten yang hanya menerbitkan obligasi, Bank Mandiri    As an issuer that only issues bonds, Bank Mandiri Taspen is not
Taspen tidak berkewajiban melaksanakan kegiatan analyst         obliged to carry out analyst meetings.
meeting.


Siaran Pers                                                     Press Releases

Sepanjang tahun 2025 terdapat 1,107 pemberitaan atau            Throughout 2025, there were 1,107 news articles or press
siaran pers terkait Bank Mandiri Taspen yang terdiri dari 701   releases related to Bank Mandiri Taspen, consisting of
pemberitaan terkait kegiatan bisnis atau informasi produk       701 publications related to business activities or product
termasuk kegiatan 3 Pilar Mantap Indonesia, 286 pemberitaan     information, including the 3 Pilar Mantap Indonesia program,
terkait kegiatan CSR atau sumbangan dan donasi, 4               286 publications related to CSR activities or contributions
pemberitaan terkait penghargaan, dan 115 pemberitaan terkait    and donations, 4 publications related to awards, and 115
kegiatan korporasi.                                             publications related to corporate activities.


Pemberitaan terebut diantaranya Bank Mandiri Taspen             Among these publications were reports on Bank Mandiri Taspen
mendapatkan peringkat idAAA dari PEFINDO, penanaman             obtaining an idAAA rating from PEFINDO, the planting of 450
450 bibit Alpukat Aligator di Banyuwangi, migrasi New Core      Alligator avocado seedlings in Banyuwangi, the migration to the
Banking System MAESTRO, Sosialisasi Ketaspenan kepada           New Core Banking System MAESTRO, socialization of pension
Para ASN menjelang masa pensiun, peluncuran fitur Online        programs for civil servants approaching retirement, the launch
Onboarding dalam aplikasi Movin, kegiatan cooking class untuk   of the Online Onboarding feature in the Movin application,
pensiunan dan lainnya.                                          cooking class activities for pensioners, and others.




    736                                                                                                     Laporan Tahunan 2025
Page 737
                                                                                             PT Bank Mandiri Taspen




Buletin                                                    Buletin



         10 Tahun Bersama Bank Mandiri Taspen Edisi                Inovasi Bank Mandiri Taspen untuk
                     IV terbit tahun 2025                       Menghadapi Tantangan di Sektor Perbankan
         10 Years with Bank Mandiri Taspen, Edition IV,                     Edisi V tahun 2025
                       published in 2025                        Bank Mandiri Taspen Innovation to Address
                                                                Challenges in the Banking Sector, Edition V,
                                                                             published in 2025




          Kunci Masa Depan Perbankan untuk Bisnis                Mantappreneur Naik Kelas Edisi VII terbit
           Berkelanjutan Edisi VI terbit tahun 2025                            tahun 2025
        The Key to the Future of Banking for Sustainable        Mantappreneur Moving Up to the Next Level,
            Business, Edition VI, published in 2025                   Edition VII, published in 2025




2025 Annual Report                                                                                           737
Page 738
Corporate Governance
Corporate Governance




Transparansi Penyampaian Laporan                                            Transparency for Submission of Reports

Laporan ke Bursa Efek Indonesia dan Otoritas Jasa Keuangan                  Report to the Indonesia Stock Exchange and the Financial
bidang Pasar Modal                                                          Service Authority in the Capital Market Sector



                                                                                                 Tujuan                 Periode Laporan
              Jenis Laporan                                 Report Types
                                                                                                Objective               Reporting Period

 Laporan Tahunan dan Laporan                                                                                                 Tahunan
                                               Annual Report and Sustainability Report           OJK & BEI
 Keberlanjutan                                                                                                                Annual

                                                                                                                             Triwulan
 Laporan Keuangan                              Financial Report                                  OJK & BEI
                                                                                                                             Quarterly

                                                                                                                              Bulanan
 Laporan Hutang Valuta Asing                   Foreign Currency Debt Report                         BEI
                                                                                                                              Monthly

 Laporan Hasil Rating/Pemeringkatan                                                                                          Tahunan
                                               Annual Rating/Ranking Report                         BEI
 tahunan                                                                                                                      Annual



Laporan ke Otoritas Jasa Keuangan Pengawas Perbankan dan                    Report to the Banking Supervision Financial Services Authority
Regulator lainnya                                                           and other Regulators



                                                                                             Periode               Periode Laporan
 No                Jenis Laporan                               Report Type
                                                                                             Period                Reporting Period

        Absensi Lapor PPh pasal 4 ayat 2 dan      Attendance for Filing of Withholding        Bulanan        Tanggal 15 bulan Berikutnya
  1
        Pasal 23                                  Tax Article 4(2) and Article 23             Monthly        15th of the following month

                                                  Attendance for Payment of
        Absensi Setor PPh Pasal 4 Ayat 2 dan                                                  Bulanan        Tanggal 05 bulan Berikutnya
  2                                               Withholding Tax Article 4(2) and
        Pasal 23                                                                              Monthly        5th of the following month
                                                  Article 23

        Control Rating Perusahaan Anak            Subsidiary Company Control Rating           Tahunan        10 Desember
  3
        (CRPA)                                    (CRPA)                                       Annual        December 10

                                                  Detailed List of Related Parties of the   Semesteran       Tanggal 30 bulan pelaporan
  4     Daftar Rincian Pihak Terkait Bank
                                                  Bank                                       Semester        30 th of the reporting month

                                                                                            Triwulanan       Tanggal 30 bulan pelaporan
  5     Laporan keuangan XBRL                     XBRL Financial Statements
                                                                                             Quarterly       30 th of the reporting month

                                                  Statutory Reserve Requirement (GWM)       Triwulanan       Tanggal 10 bulan pelaporan
  6     Laporan GWM UMKM - Executing
                                                  Report for MSME – Executing                Quarterly       10 th of the reporting month

                                                  APOLO Report on Risk-Weighted
                                                                                              Bulanan        Tanggal 05 bulan Berikutnya
  7     Laporan APOLO ATMR & KPMM                 Assets (RWA) and Capital Adequacy
                                                                                              Monthly        5th of the following month
                                                  (KPMM)

                                                                                              Bulanan        Tanggal 26 bulan Berikutnya
  8     Laporan Apolo Publikasi Bulanan           APOLO Monthly Publication Report
                                                                                              Monthly        26th of the following month

                                                  Anti-Money Laundering and Counter-        Semesteran       Tanggal 28 bulan pelaporan
  9     Laporan APU PPT
                                                  Terrorism Financing (AML/CTF) Report       Semester        28 th of the reporting month

        Laporan atas Pemungutan Dan               Report on the Collection and                Bulanan        Tanggal 17 bulan Berikutnya
  10
        Penyetoran Bea Meterai                    Remittance of Stamp Duty                    Monthly        17th of the following month

                                                  Report on the Remittance of Stamp           Bulanan        Tanggal 05 bulan Berikutnya
  11    Laporan Atas Penyetoran Bea Materai
                                                  Duty                                        Monthly        5th of the following month

                                                                                            Triwulanan       Tanggal 05 bulan pelaporan
 12     Laporan BANCASSURANCE                     Bancassurance Report
                                                                                             Quarterly       5th of the following month

                                                                                            Triwulanan       Tanggal 15 bulan pelaporan
 13     Laporan Berkala Bancassurance             Periodic Bancassurance Report
                                                                                             Quarterly       15th of the reporting month




       738                                                                                                              Laporan Tahunan 2025
Page 739
                                                                                                               PT Bank Mandiri Taspen




                                                                                         Periode               Periode Laporan
 No                Jenis Laporan                           Report Type
                                                                                         Period                Reporting Period

                                                                                        Triwulanan   Tanggal 15 bulan pelaporan
 14    Laporan Biaya Tahunan Tahap II -Juli   Annual Cost Report – Phase II (July)
                                                                                         Quarterly   15th of the reporting month

       Laporan BMPK & Penempatan Dana         Legal Lending Limit (BMPK) and Large       Bulanan     Tanggal 15 bulan berikutnya
 15
       Besar                                  Exposure Report                            Monthly     15th of the following month

       Laporan Bulanan ANTASENA Data Kel.     ANTASENA Monthly Report – Financial        Bulanan     Tanggal 05 bulan berikutnya
 16
       Informasi Keuangan & Data Pokok        Information Group Data & Core Data         Monthly     5th of the following month

       Laporan Bulanan ANTASENA Data          ANTASENA Monthly Report – Risk
                                                                                         Bulanan     Tanggal 15 bulan berikutnya
 17    Risiko, Sistem Keuangan, & Jasa        Data, Financial System, & Payment
                                                                                         Monthly     15th of the following month
       Pembayaran                             Services

                                              Monthly Report through the ARIA            Bulanan     Tanggal 12 bulan berikutnya
 18    Laporan Bulanan Melalui Sistem ARIA
                                              System                                     Monthly     12 th of the following month

       Laporan Bulanan SDM Perbankan          Indonesian Banking Human Resources         Bulanan     Tanggal 15 bulan berikutnya
 19
       Indonesia                              Monthly Report                             Monthly     15th of the following month

                                                                                         Tahunan     31 Desember
 20    Laporan CbCr                           Country-by-Country Reporting (CbCR)
                                                                                          Annual     December 31

                                                                                         Bulanan     Tanggal 05 bulan berikutnya
 21    Laporan Data Jaringan Kantor           Branch Network Data Report
                                                                                         Monthly     5th of the following month

       Laporan Direktur yang Membawahkan      Report of the Director in Charge of the   Semesteran   Tanggal 30 bulan pelaporan
 22
       Fungsi Kepatuhan                       Compliance Function                        Semester    30 th of the reporting month

                                                                                        Triwulanan   Tanggal 15 bulan pelaporan
 23    Laporan Eksposur Risiko                Risk Exposure Report
                                                                                         Quarterly   15th of the reporting month

       Laporan Financial Highlight (Quick     Financial Highlights Report (Quick         Bulanan     Tanggal 05 bulan berikutnya
 24
       Report - Excel)                        Report – Excel)                            Monthly     5th of the following month

                                                                                         Bulanan     Tanggal 19 bulan berikutnya
 25    Laporan Fraud Data Bank Mantap         Fraud Data Report of Bank Mantap
                                                                                         Monthly     19 th of the following month

       Laporan Gangguan Sistem and            Report on System Disruptions and
                                                                                         Bulanan     Tanggal 10 bulan berikutnya
 26    Availability Infrastruktur TI Sistem   Availability of Payment System IT
                                                                                         Monthly     10 th of the following month
       Pembayaran                             Infrastructure

                                              ICAAP / Capital Adequacy (KPMM)           Semesteran   Tanggal 25 bulan pelaporan
 27    Laporan ICAAP / KPMM
                                              Report                                     Semester    25th of the reporting month

                                                                                        Triwulanan   Tanggal 30 bulan pelaporan
 28    Laporan KDK Perlakuan Khusus           Special Treatment KDK Report
                                                                                         Quarterly   30 th of the reporting month

                                                                                        Triwulanan   Tanggal 30 bulan pelaporan
 29    Laporan Kepemilikan Sertifikat SPPUR   SPPUR Certificate Ownership Report
                                                                                         Quarterly   30 th of the reporting month

                                                                                         Tahunan     31 Juli
 30    Laporan Keuangan Tengah Tahunan        Interim Financial Statements
                                                                                          Annual     July 31

                                                                                         Bulanan     Tanggal 15 bulan berikutnya
 31    Laporan Lalu Lintas Devisa             Foreign Exchange Transactions Report
                                                                                         Monthly     15th of the following month

                                                                                         Bulanan     Tanggal 10 bulan berikutnya
 32    Laporan Layanan Keungan Mikro          Microfinance Services Report
                                                                                         Monthly     10 th of the following month

                                                                                         Bulanan     Tanggal 15 bulan berikutnya
 33    Laporan LCR                            Liquidity Coverage Ratio (LCR) Report
                                                                                         Monthly     15th of the following month

                                                                                        Triwulanan   Tanggal 05 bulan pelaporan
 34    Laporan Leverage Ratio                 Leverage Ratio Report
                                                                                         Quarterly   5th of the reporting month

       Laporan LTV Kredit Properti &          Loan-to-Value (LTV) Report for
                                                                                         Bulanan     Tanggal 19 bulan berikutnya
 35    Kendaraan Bermotor berwawasan          Environmentally Sustainable Property
                                                                                         Monthly     19 th of the following month
       lingkungan                             and Motor Vehicle Loans

                                              Balance Sheet per General Ledger (GL)      Bulanan     Tanggal 05 bulan berikutnya
 36    Laporan Neraca Per GL
                                              Report                                     Monthly     5th of the following month




2025 Annual Report                                                                                                           739
Page 740
Corporate Governance
Corporate Governance




                                                                                             Periode               Periode Laporan
 No                Jenis Laporan                              Report Type
                                                                                             Period                Reporting Period

                                                 Gross NPL Amount, Loan Loss
        Laporan Nominal NPL Gross, Nominal                                                   Bulanan     Tanggal 03 bulan berikutnya
  37                                             Provision (CKPN), and NPL Coverage
        CKPN & Coverage NPL Ratio                                                            Monthly     3rd of the following month
                                                 Ratio Report

                                                 Net Stable Funding Ratio (NSFR)            Triwulanan   Tanggal 15 bulan pelaporan
 38     Laporan NSFR
                                                 Report                                      Quarterly   15th of the reporting month

        Laporan Pelaksanaan dan Pokok-pokok      Report on the Implementation and Key       Semesteran   Tanggal 30 bulan pelaporan
 39
        hasil Audit Intern                       Findings of Internal Audit                  Semester    30 th of the reporting month

        Laporan Pelaksanaan Penilaian Self       Self-Assessment Implementation             Triwulanan   Tanggal 15 bulan pelaporan
 40
        Assessment                               Report                                      Quarterly   15th of the reporting month

        Laporan Pemanfaatan Data                                                            Semesteran   Tanggal 30 bulan pelaporan
  41                                             Population Data Utilization Report
        Kependudukan                                                                         Semester    30 th of the reporting month

                                                                                            Triwulanan   Tanggal 12 bulan pelaporan
  42    Laporan Pemeliharaan SPPUR               SPPUR Maintenance Report
                                                                                             Quarterly   12 th of the reporting month

        Laporan Pemeriksaan Kualitas data dan    Data Quality Assessment and System          Tahunan     30 September
 43
        Keandalan Sistem (LPS)                   Reliability Report (LPS)                     Annual     September 30

        Laporan Penanganan dan Penyelesaian      Customer Complaint Handling and            Triwulanan   Tanggal 10 bulan pelaporan
 44
        Pengaduan Nasabah                        Resolution Report                           Quarterly   10 th of the reporting month

        Laporan Penanganan Pengaduan             Customer Complaint Handling Report         Triwulanan   Tanggal 10 bulan pelaporan
 45
        Nasabah Ke BI                            to Bank Indonesia                           Quarterly   10 th of the reporting month

        Laporan penerbitan kartu ATM dan/        Report on the Issuance of ATM and/or        Bulanan     Tanggal 15 bulan berikutnya
 46
        atau kartu debit berlogo nasional        National Branded Debit Cards                Monthly     15th of the following month

                                                                                            Triwulanan   Tanggal 07 bulan pelaporan
  47    Laporan Pengaduan Nasabah                Customer Complaint Report
                                                                                             Quarterly   7th of the reporting month

                                                                                            Semesteran   Tanggal 28 bulan pelaporan
 48     Laporan Pengawasan Rencana Bisnis        Business Plan Monitoring Report
                                                                                             Semester    28th of the reporting month

                                                                                             Bulanan     Tanggal 10 bulan berikutnya
 49     Laporan Pengelolaan Investasi            Investment Management Report
                                                                                             Monthly     10 th of the following month

        Laporan Penilaian Sendiri (Self          Self-Assessment Report on the
                                                                                            Semesteran   Tanggal 30 bulan pelaporan
 50     Assessment) Pelaksanaan Tata Kelola      Implementation of Good Corporate
                                                                                             Semester    30 th of the reporting month
        Perusahaan                               Governance

                                                 Deposit Insurance Premium Calculation      Semesteran   Tanggal 30 bulan pelaporan
  51    Laporan Perhitungan Premi LPS
                                                 Report (LPS)                                Semester    30 th of the reporting month

                                                 Amendment Report of the Bank               Triwulanan   Tanggal 30 bulan pelaporan
 52     Laporan Perubahan RPPB
                                                 Business Plan (RPPB)                        Quarterly   30 th of the reporting month

                                                                                            Triwulanan   Tanggal 19 bulan pelaporan
 53     Laporan Profil Risiko                    Risk Profile Report
                                                                                             Quarterly   19 th of the reporting month

                                                                                            Triwulanan   Tanggal 10 bulan pelaporan
 54     Laporan Profil Risiko Operational Risk   Operational Risk Profile Report
                                                                                             Quarterly   10 th of the reporting month

        Laporan Publikasi Keuangan
                                                                                            Triwulanan   Tanggal 10 bulan pelaporan
 55     Triwulanan                               Quarterly Financial Publication Report
                                                                                             Quarterly   10 th of the reporting month
        Quarterly

        Laporan Rasio Keuangan Perusahaan                                                    Bulanan     Tanggal 05 bulan berikutnya
 56                                              Subsidiary Financial Ratio Report
        Anak                                                                                 Monthly     05th of the following month

                                                                                            Semesteran   Tanggal 30 bulan pelaporan
 57     Laporan Realisasi Inklusi Keuangan       Financial Inclusion Realization Report
                                                                                             Semester    30 th of the reporting month

        Laporan Realisasi Literasi dan Inklusi   Financial Literacy and Inclusion
        Keuangan c.q Kepala Eksekutif            Realization Report (c.q. Chief Executive    Tahunan     10 Juli
 58
        Pengawas Perilaku PUJK, Edukasi, dan     of Financial Consumer Protection,            Annual     July 10
        Pelindungan Konsumen                     Education, and Conduct Supervision)




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                                                                                                                  PT Bank Mandiri Taspen




                                                                                            Periode               Periode Laporan
 No               Jenis Laporan                             Report Type
                                                                                            Period                Reporting Period

                                                                                           Semesteran   Tanggal 30 bulan pelaporan
 59    Laporan Realisasi Literasi Keuangan     Financial Literacy Realization Report
                                                                                            Semester    30 th of the reporting month

       Laporan Realisasi Pemb. Kredit/Pemby.   Realization Report of MSME Lending/         Triwulanan   Tanggal 10 bulan pelaporan
 60
       UMKM Dengan Pola Excecuting             Financing under the Executing Scheme         Quarterly   10 th of the reporting month

       Laporan Realisasi Penghentian Produk    Bank Product Discontinuation                Triwulanan   Tanggal 15 bulan pelaporan
 61
       Bank                                    Realization Report                           Quarterly   15th of the reporting month

                                               Bank Business Plan (RBB) Realization        Triwulanan   Tanggal 30 bulan pelaporan
 62    Laporan Realisasi RBB
                                               Report                                       Quarterly   30 th of the reporting month

                                                                                            Bulanan     Tanggal 05 bulan berikutnya
 63    Laporan Rekstrukturisasi Kredit         Loan Restructuring Report
                                                                                            Monthly     5th of the following month

                                                                                            Tahunan     29 November
 64    Laporan Rencana Bisnis Bank             Bank Business Plan (RBB) Report
                                                                                             Annual     November 29

                                                                                            Tahunan     15 November
 65    Laporan Rencana Edukasi                 Education Program Plan Report
                                                                                             Annual     November 15

       Laporan rencana kegiatan dalam          Activity Plan Report for Enhancing           Tahunan     29 November
 66
       rangka meningkatkan inklusi keuangan    Financial Inclusion                           Annual     November 29

       Laporan Rencana Literasi Keuangan       Financial Literacy and Inclusion Plan
       dan Inklusi Keuangan c.q Kepala         Report (c.q. Chief Executive of Financial    Tahunan     25 November
 67
       Eksekutif Pengawas Perilaku PUJK,       Consumer Protection, Education, and           Annual     November 25
       Edukasi, dan Pelindungan Konsumen       Conduct Supervision)

                                                                                            Tahunan     29 November
 68    Laporan Rencana Pelaksanaan Edukasi     ducation Implementation Plan Report
                                                                                             Annual     November 29

       Laporan Rencana Pengembangan            Information Technology Development           Tahunan     29 November
 69
       Teknologi Informasi (RPTI)              Plan (RPTI) Report                            Annual     November 29

                                                                                            Tahunan     31 Desember
 70    Laporan Rencana Pengkinian Data         Data Updating Plan Report
                                                                                             Annual     December 31

       Laporan Rencana Penyelenggaraan         Bank Product Implementation Plan             Tahunan     29 November
 71
       Produk Bank (RPPB)                      Report (RPPB)                                 Annual     November 29

                                                                                            Tahunan     31 Desember
 72    Laporan Rencana Tenaga Ahli Daya        Expert Workforce Plan Report
                                                                                             Annual     December 31

                                               Prime Lending Rate (SBDK) Detailed           Bulanan     Tanggal 07 bulan berikutnya
 73    Laporan Rincian SBDK
                                               Report                                       Monthly     7th of the following month

                                                                                           Semesteran   Tanggal 25 bulan pelaporan
  74   Laporan RPIM                            RPIM Report
                                                                                            Semester    25th of the following month

                                               Single Customer View (SCV) Report            Tahunan     31 Juli
 75    Laporan SCV Ke LPS
                                               to LPS                                        Annual     July 31

                                               Indonesian Banking Human Resources          Semesteran   Tanggal 31 bulan pelaporan
 76    Laporan SDM Perbankan Indonesia
                                               Report                                       Semester    31st of the reporting month

       Laporan Self Assesment Edukasi          Self-Assessment Report on Education
                                                                                                        30 September
 77    dan Perlindungan Edukasi (Laporan       and Consumer Protection (submitted          Tahunkan
                                                                                                        September 30
       disampaikan melalui SIPEDULI)           through SIPEDULI)

                                               Self-Assessment Report to Bank              Semesteran   Tanggal 15 bulan pelaporan
 78    Laporan Self Assesment Ke Mandiri
                                               Mandiri                                      Semester    15th of the reporting month

                                                                                           Triwulanan   Tanggal 15 bulan pelaporan
 79    Laporan Sensitivity to Market Risk      Sensitivity to Market Risk Report
                                                                                            Quarterly   15th of the reporting month




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                                                                                         Periode           Periode Laporan
 No                Jenis Laporan                             Report Type
                                                                                         Period            Reporting Period

                                                Monthly Corporate Income Tax Article
        Laporan Setor & Lapor Pajak PPh Pasal                                            Bulanan     Tanggal 15 bulan berikutnya
 80                                             25 Payment and Filing Report to the
        25 Bulanan ke KPP                                                                Monthly     15th of the following month
                                                Tax Office (KPP)

                                                Value Added Tax (VAT) Payment and        Bulanan     Tanggal 25 bulan berikutnya
  81    Laporan Setor & Lapor Pajak PPN
                                                Filing Report                            Monthly     25th of the following month

                                                                                        Triwulanan   Tanggal 15 bulan pelaporan
 82     Laporan SI PESAT                        SI PESAT Report
                                                                                         Quarterly   15th of the reporting month

                                                                                        Triwulanan   Tanggal 15 bulan pelaporan
 83     Laporan SiMuda                          SiMuda Report
                                                                                         Quarterly   15th of the reporting month

                                                                                         Tahunan     01 Agustus
 84     Laporan SIPINA                          SIPINA Report
                                                                                          Annual     August 1

                                                                                        Triwulanan   Tanggal 15 bulan pelaporan
 85     Laporan Sistem Pembayaran               Payment System Report
                                                                                         Quarterly   15th of the reporting month

                                                                                        Triwulanan   Tanggal 12 bulan pelaporan
 86     Laporan SKAIT                           SKAIT Report
                                                                                         Quarterly   12th of the reporting month

                                                                                         Bulanan     Tanggal 12 bulan berikutnya
 87     Laporan SLIK Bulanan                    Monthly SLIK Report
                                                                                         Monthly     12 th of the following month

        Laporan SPM Update Kinerja Bulanan      SPM Monthly Performance Update           Bulanan     Tanggal 10 bulan berikutnya
 88
        (Template OJK)                          Report (OJK Template)                    Monthly     10 th of the following month

                                                                                        Semesteran   Tanggal 15 bulan pelaporan
 89     Laporan Strategy Anti Fraud             Anti-Fraud Strategy Report
                                                                                         Semester    15th of the reporting month

                                                                                         Bulanan     Tanggal 19 bulan berikutnya
 90     Laporan Subsidiaries Operational Risk   Subsidiaries Operational Risk Report
                                                                                         Monthly     19 th of the following month

        Laporan Suku Bunga Dasar Kredit                                                  Bulanan     Tanggal 05 bulan berikutnya
  91                                            Prime Lending Rate (SBDK) Report
        (SBDK)                                                                           Monthly     5th of the following month

                                                                                         Bulanan     Tanggal 10 bulan berikutnya
 92     Laporan Surat Surat Berharga (SSB)      Securities Report (SSB)
                                                                                         Monthly     10 th of the following month

                                                Annual Report of Payment System          Tahunan     13 Desember
 93     Laporan Tahunan PJSP
                                                Service Providers (PJSP)                  Annual     December 13

                                                                                        Triwulanan   Tanggal 30 bulan pelaporan
 94     Laporan Taksonomi Hijau Indonesia       Indonesia Green Taxonomy Report
                                                                                         Quarterly   30 th of the reporting month

                                                                                        Semesteran   Tanggal 30 bulan pelaporan
 95     Laporan Tingkat Kesehatan Bank          Bank Soundness Level Report
                                                                                         Semester    30 th of the reporting month

        Laporan Triwulanan                      Quarterly ANTASENA Report (28           Triwulanan   Tanggal 30 bulan pelaporan
 96
        Quarterly ANTASENA (28 Item)            Items)                                   Quarterly   30 th of the reporting month

                                                Filing of Annual Tax Return (SPT) for    Bulanan     Tanggal 19 bulan berikutnya
  97    Pelaporan SPT PPh Pasal 21
                                                Income Tax Article 21                    Monthly     19 th of the following month

                                                                                         Bulanan     Tanggal 10 bulan berikutnya
 98     Penyetoran PPh Pasal 21                 Payment of Income Tax Article 21
                                                                                         Monthly     10 th of the following month

        Publikasi Laporan Keuangan
                                                Publication of Quarterly Financial      Triwulanan   Tanggal 15 bulan pelaporan
 99     Triwulanan
                                                Statements – Web                         Quarterly   15th of the reporting month
        Quarterly - WEB

                                                Revision of the Bank Business Plan       Tahunan     29 November
 100    Revisi Rencana Bisnis Bank
                                                (RBB)                                     Annual     November 29




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Page 743
                                                                                                           PT Bank Mandiri Taspen




Kode Etik                                                          Code of Conduct

Kode Etik (Code of Conduct) merupakan pedoman perilaku             The Code of Ethics (Code of Conduct) is a guideline for the
Jajaran Bank Mandiri Taspen dalam menjalankan tugas dan            behavior of Bank Mandiri Taspen staff in carrying out their daily
kedinasan sehari-hari serta dalam melakukan hubungan bisnis        duties and duties as well as in conducting business relations
dengan para nasabah, rekanan maupun rekan sekerja. Kode Etik       with customers, partners and co-workers. The Bank’s Code
Bank terdapat dalam Arsitektur Kebijakan Bank Mandiri Taspen       of Conduct is contained in the Bank Mandiri Taspen Policy
No. KEB/001/IV/2022 tanggal 18 April 2022 atas perubahan           Architecture No. KEB/001/IV/2022 dated April 18, 2022 for
pertama Arsitektur Kebijakan No. KEB/010/2019 tanggal              the first amendment to Policy Architecture No. KEB/010/2019
16 September 2019.                                                 dated September 16, 2019.


Kode Etik Bank Mandiri Taspen mengatur tentang pedoman             The Bank Mandiri Taspen Code of conduct regulates behavioral
perilaku yang berkaitan dengan Benturan Kepentingan,               guidelines relating to Conflict of Interest, Confidentiality,
Kerahasiaan, Penyalahgunaan Jabatan, Perilaku Insiders,            Position Abuse, Insiders’ Behavior, Integrity and Accuracy of
Integritas dan Akurasi Data Bank serta Integritas Sistem           Bank Data and Banking System Integrity, described as follows.
Perbankan, dijelaskan sebagai berikut.


Benturan Kepentingan                                               Conflict of Interest
Benturan kepentingan adalah suatu kondisi dimana Jajaran           Conflict of interest is a condition where Bank Staff in carrying
Bank dalam menjalankan tugas dan kewajibannya mempunyai            out their duties and obligations have interests outside of
kepentingan di luar kepentingan dinas, baik yang menyangkut        official interests, whether concerning personal interests, family
kepentingan pribadi, keluarga maupun kepentingan pihak-pihak       interests or the interests of other parties so that the Bank Staff
lain sehingga Jajaran Bank tersebut dimungkinkan kehilangan        may lose their objectivity in making decisions and policies in
obyektivitas dalam mengambil keputusan dan kebijakan sesuai        accordance with the authority that the Bank has given them.
kewenangan yang telah diberikan Bank kepadanya.


Kerahasiaan                                                        Confidentiality
Seluruh Jajaran Bank wajib memahami dan menjaga kerahasiaan        All levels of the Bank are prohibited from misusing their authority
setiap informasi, baik informasi mengenai nasabah maupun           and taking profits, directly or indirectly.They are also prohibited
informasi lainnya sesuai ketentuan yang berlaku. Informasi         from misusing information obtained from the Bank’s business
mengenai kegiatan bisnis Bank tidak dapat disebarluaskan           activities. All Bank Officers are prohibited from requesting or
kepada pihak lain diluar Bank oleh pihak manapun kecuali oleh      accepting, permitting or agreeing to receive gratuities related
pihak yang berwenang untuk mewakili Bank serta diharuskan          to their position and contrary to their obligations in accordance
oleh ketentuan perundang-undangan.                                 with applicable laws and regulations.


Penyalahgunaan Jabatan dan Gratifikasi                             Position Abuse and Gratification
Seluruh Jajaran Bank dilarang menyalahgunakan wewenang dan         All levels of the Bank are prohibited from abusing their
mengambil keuntungan baik langsung maupun tidak langsung,          authority and taking advantage, either directly or indirectly,
dari informasi yang diperoleh dari kegiatan bisnis Bank. Seluruh   of information obtained from the Bank’s business activities.
Jajaran Bank dilarang meminta atau menerima, mengizinkan           All employees of the Bank are prohibited from requesting or
atau menyetujui untuk menerima gratifikasi yang berhubungan        accepting, permitting, or agreeing to receive gratuities related
dengan jabatannya dan berlawanan dengan kewajibannya               to their positions and contrary to their obligations following the
sesuai peraturan perundang-undangan yang berlaku                   prevailing laws and regulations.


Perilaku Insiders                                                  Behavior of Insiders
Jajaran Bank yang memiliki informasi rahasia tidak                 Bank employees who have confidential information are
diperkenankan menggunakan informasi tersebut untuk                 not permitted to use the information to take advantage of
mengambil keuntungan bagi dirinya sendiri, keluarganya atau        themselves, their families or other third parties.
pihak ketiga lainnya.


Integritas dan Akurasi Data Bank                                   Bank Data Integrity and Accuracy
Seluruh Jajaran Bank harus menyajikan data yang akurat dan         All levels of the Bank must present accurate data and can be
dapat dipertanggungjawabkan. Seluruh Jajaran Bank, tidak           accounted for. All of the Bank’s employees are not permitted
diperkenankan membukukan dan/atau mengubah dan/atau                to book and/or change and/or delete books, with the aim of
menghapus pembukuan, dengan maksud untuk mengaburkan               obscuring the transaction.
transaksi.




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Integritas Sistem Perbankan                                      Banking System Integrity
Seluruh Jajaran Bank harus senantiasa mawas diri dan             All levels of the Bank must always be introspective and avoid
menghindarkan keterlibatan Bank dalam kegiatan kriminal          involvement of the Bank in criminal activities in finance and
di bidang keuangan dan perbankan. Jajaran Bank wajib             banking. The Bank’s employees are required to suspect unusual
mencurigai adanya transaksi yang tidak biasa dan wajib           transactions and must take preventive actions in detecting
melakukan tindakan preventif dalam mendeteksi rekening-          accounts suspected of being used for activities such as money
rekening yang dicurigai telah digunakan untuk kegiatan seperti   laundering, terrorist financing, corruption, and other crimes.
money laundering, terrorism financing, korupsi. dan tindak
kejahatan lainnya.


Kepatuhan Terhadap Kode Etik                                     Compliance with The Code of Conduct

Kepatuhan terhadap Code of Conduct merupakan standar             Compliance with the Code of Conduct is the company’s standard
perusahaan dalam menjalankan aktivitas bisnisnya. Memahami       in carrying out its business activities. Understanding applicable
hukum dan peraturan yang berlaku di segala aktivitas harus       laws and regulations in all activities must be executed by The
dihayati oleh Jajaran Bank yaitu Dewan Komisaris, Direksi        Bank’s ranks, namely the Board of Commissioners, Directors
dan seluruh karyawan dalam setiap kegiatan bisnis melalui        and all employees in every business activity through the
komitmen sebagai berikut:                                        following commitments:
1. Seluruh Jajaran Bank berkewajiban untuk memahami,             1. All Board of Directors are obliged to understand, comply
    mematuhi dan melaksanakan kebijakan/peraturan yang                with and implement policies/regulations issued by the
    diterbitkan oleh perusahaan dan peraturan perundang-              company and legislation consistently
    undangan secara konsisten.
2. Setiap Jajaran Bank harus menghindari setiap tindakan dan     2. All level in the Bank should avoid being involved from
    perilaku yang dapat menimbulkan pelanggaran terhadap            any act and behaviour which could violate the law and
    hukum dan perundang-undangan.                                   regulation.
3. Segala bentuk ketidakpatuhan yang dilakukan Jajaran Bank      3. All forms of non-compliance made by the Bank towards law
    terhadap hukum dan perundang-undangan tidak dapat               and legislation cannot be tolerated and will be sanctioned
    ditolerir dan akan dikenakan sanksi sesuai dengan tingkat       based on the level of the disobedience.
    ketidakpatuhannya.
4. Setiap Jajaran Bank tidak melakukan tindakan yang             4. All the rank in the Bank should not, together with other
    melawan hukum dengan pihak lain yang merugikan                  parties, do activities that violate the law which harms the
    perusahaan, baik secara sendiri-sendiri maupun bekerja          company, irrespective the violation is committed individually
    sama dengan pihak lain                                          by the staff or by involving other parties.
5. Mengedepankan penyelesaian dengan jalur musyawarah            5. Prioritizing the settlement with the deliberation point of
    mufakat dalam setiap permasalahan dan apabila tidak             consensus on each issue and if no agreement is reached
    tercapai kesepakatan maka digunakan jalur hukum                 then legal channels are used to respect the legal process
    dan menghormati proses hukum dan keputusan yang                 and the decisions that are made.
    dihasilkan.


Penyebarluasan Kode Etik                                         Dissemination of The Code of Conduct

Setiap Jajaran Bank harus memiliki komitmen untuk dapat          All Bank personnel were required to have a commitment to
menyelaraskan diri dengan sistem nilai dan budaya kerja di       align themselves with the value system and work culture of
Bank Mandiri Taspen. Oleh karena itu, seluruh Jajaran Bank       Bank Mandiri Taspen. Therefore, all Bank personnel were
wajib menempa diri untuk menyamakan dan menyatukan               required to continuously develop themselves to harmonize and
keyakinan dan tekad agar dapat menerapkan sikap dan perilaku     unify their beliefs and determination in order to implement work
kerja yang sesuai dengan sistem nilai dan budaya kerja yang      attitudes and behaviors in accordance with the value system
dianut Bank Mandiri Taspen, yang dikodifikasikan dalam Code      and work culture adopted by Bank Mandiri Taspen, as codified
of Conduct Bank Mandiri Taspen .                                 in the Bank Mandiri Taspen Code of Conduct.


Seluruh Kepala Unit Kerja bertanggung jawab dalam                All Heads of Work Units were responsible for providing
memberikan pemahaman penerapan Code of Conduct di                an understanding of the implementation of the Code of
lingkungan unit kerja masing-masing untuk keberhasilan           Conduct within their respective units to ensure its effective
penerapannya. Sebagai bagian dalam upaya pemberian               implementation. As part of efforts to enhance employees’
pemahaman Karyawan dalam penerapan Code of Conduct               understanding of the implementation of the Code of Conduct:
maka:




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Page 745
                                                                                                        PT Bank Mandiri Taspen




1. Code of Conduct disosialisasikan kepada seluruh Jajaran      1. The Code of Conduct was disseminated to all Bank
   Bank melalui Kepala Unit Kerja masing-masing sehingga           personnel through each Head of Work Unit to ensure it was
   dapat dipahami dan diterapkan dengan tepat, baik, dan           properly understood and correctly implemented.
   benar.
2. Setiap Kepala Unit Kerja mendapat satu salinan Code of       2. Each Head of Work Unit received a copy of the Code of
   Conduct dan menandatangani formulir pernyataan bahwa            Conduct and signed a statement form confirming that they
   telah menerima, memahami, dan setuju untuk mematuhi             had received, understood, and agreed to comply with the
   Code of Conduct.                                                Code of Conduct.
3. Code of Conduct merupakan bagian yang tidak terpisahkan      3. The Code of Conduct constituted an integral part of each
   dari perjanjian kerja setiap Insan Perusahaan sehingga          employee’s employment agreement; therefore, all employees
   setiap Karyawan Perusahaan harus mengetahui bahwa               were required to understand that non-compliance with the
   ketidakpatuhan terhadap Code of Conduct dapat                   Code of Conduct could affect performance appraisal results
   mempengaruhi hasil penilaian kinerja dan jenjang karir          and career progression.
   Karyawan.
4. Formulir pernyataan harus diperbaharui dan ditandatangani    4. The statement form was updated and re-signed annually
   kembali setiap tahun oleh setiap Jajaran Bank.                  by all Bank personnel.


Upaya Penerapan dan Penegakan Kode Etik                         The Efforts of Application and Enforcement of
                                                                The Code of Conduct

Setiap jajaran Bank wajib untuk menyusun dan menandatangani     Each Bank’s staff is obliged to prepare and sign the Annual
Pernyataan Tahunan (Annual Disclosure)          sebagaimana     Disclosure as attached in this Decree which contains a
terlampir dalam Surat Keputusan ini yang isinya adalah          statement of submission to the following matters:
pernyataan penundukan diri pada hal-hal berikut ini:
a. Kode Etik Bankir Indonesia.                                  a.   Indonesian Bankers Code of Ethics.
b. Ketentuan Perilaku Bank.                                     b.   Bank Code of Conduct.
c. Sumpah Jabatan.                                              c.   Position Oath.
d. Semua peraturan yang berlaku di Bank, baik yang sudah        d.   All applicable regulations in the Bank, both existing and
     ada maupun peraturan yang akan ada di kemudian hari             future regulations, include an employee performance
     termasuk sistem penilaian kinerja pegawai dengan segala         appraisal system with all the consequences.
     konsekuensinya.
e. Semua peraturan perundangan yang berlaku, baik yang          e.   All applicable laws and regulations, both general and
     berlaku umum maupun yang berhubungan dengan                     banking related activities.
     kegiatan perbankan.


Surat Pernyataan Tahunan (Annual Disclosure) ditandatangani     The Annual Disclosure is signed once in a year and submitted
satu kali dalam satu tahun dan disampaikan kepada Bank paling   to the Bank no later than the end of the first month of each year
lambat pada akhir bulan pertama dalam setiap tahunnya atau      or at any time in the first year concerned joins the Bank, where
setiap saat pada tahun pertama yang bersangkutan bergabung      the following provisions apply:
dengan Bank, dimana berlaku ketentuan sebagai berikut:          a. The Annual Disclosure Statements of members of the
a. Surat Pernyataan Tahunan (Annual Disclosure) Anggota              Board of Directors and the Board of Commissioners
    Direksi dan Anggota Dewan Komisaris disampaikan kepada           were submitted to the Director in charge of the Bank’s
    Direktur yang membawahkan Fungsi Kepatuhan Bank                  Compliance Function.
b. Surat Pernyataan Tahunan (Annual Disclosure) Pegawai         b. The Annual Disclosure Statements of employees were
    disampaikan kepada Unit Kerja Human Capital melalui              submitted to the Human Capital Unit through their
    Kepala Unit Kerjanya masing-masing.                              respective Heads of Unit.


Jenis Sanksi Pelanggaran Kode Etik                              Types of Sanctions for Violation of The Code of
                                                                Conducts

Apabila terjadi pelanggaran atau ketidakpatuhan terhadap        If there is a violation or non-compliance with the provisions
ketentuan yang ditetapkan dalam Surat Keputusan ini, maka       stipulated in this Decree, every violation will be sanctioned
setiap pelanggaran akan dikenai sanksi sesuai dengan tingkat    according to their levels. The decisions, in connection with this
pelanggarannya. Keputusan yang akan diambil oleh Bank           matter, will be taken by the Bank and will also be adjusted to the
sehubungan dengan hal ini akan disesuaikan dengan jenis dan     level of severity of the violations. It will also involve a thorough




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keseriusan pelanggaran yang teriadi serta evaluasi menyeluruh        evaluation of the individuals who commit the violations.
atas individu yang melakukan pelanggaran. Sanksi atas                Sanctions for violations can be in the form of:
pelanggaran tersebut dapat berupa:


Tabel Jenis Sanksi Pelanggaran Code of Conduct
Table of Types of Sanctions in Violation of Code of Conduct

                               Jenis Sanksi                                                Types of Sanctions

 Teguran lisan                                                     Verbal warning

 Teguran tertulis                                                  Written warning

 Skorsing                                                          Suspension

 Penurunan Pangkat /Jabatan                                        Demotion in rank/position

 Pemutusan Hubungan Keria                                          Termination of Employment

 Ganti rugi                                                        Compensation

 Dilaporkan kepada pihak yang berwajib                             Reported to the authorities



Skema Tingkatan dan Jenis Sanksi                                     Level Schemes and Types af Sanctions



                                               Skema Tingkatan dan Jenis Sanksi
                                              Level Schemes and Types af Sanctions


      TINGKATAN SANKSI                                   JENIS SANKSI                                 MASA BERLAKU SANKSI
     LEVEL OF SANCTIONS                               TYPES OF SANCTIONS                                SANCTION PERIOD


                                               Teguran Tertulis - Pertama                          • Teguran Tertulis - I, 3 bulan
                                               Written Warning - First                               Written Warning - I, 3 months
            Sanksi
            Disiplin Ringan
     1
            Light Discipline
            Sanctions                          Teguran Tertulis - Kedua                            • Teguran Tertulis - II, 6 bulan
                                               Written Warning - Second                              Written Warning - II, 6 months


                                               Peringatan Tertulis - Pertama
                                               Written Warning - First


            Sanksi
            Disiplin Sedang                    Peringatan Tertulis - Kedua                         • Peringatan Tertulis, 6 bulan
     2      Moderate                           Written Warning - Second                              Written Warning, 6 months
            Disciplinary
            Sanctions
                                               Peringatan Tertulis Keras & Terakhir
                                               Last Written Warning



                                               Pemberhentian dengan hormat
            Sanksi
                                               Respectfully Dismissed
            Disiplin Berat
     3      Heavy Disciplinary                                                                     • PHK, sejak tanggal ditetapkan
                                               Pemberhentian tidak hormat
            Sanctions                                                                                Termination of Employment,
                                               Termination with No Respect
                                                                                                     Since the Determined Date
                                               “NO” Surat pengalaman Kerja
                                               “NO” Work Experience Letter




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                                                                                                            PT Bank Mandiri Taspen




Jumlah Pelanggaran dan Sanksi yang Diberikan                        Total Violations and Sanctions Given in 2025
Tahun 2025


                                                                                                                      Jumlah
                      Jenis Sanksi                                     Types of Sanctions
                                                                                                                       Total

 Pembinaan                                             Coaching                                                           -

 Pembinaan Tertulis                                    Written Coaching                                                  1

 Teguran Tertulis Pertama                              First Written Reprimand                                           2

 Teguran Tertulis Kedua                                Second Written Reprimand                                           -

 Peringatan Tertulis Pertama                           First Written Warning                                             6

 Peringatan Tertulis Kedua                             Second Written Warning                                             -

 Peringatan Tertulis Keras & Terakhir                  Final and Severe Written Warning                                  5

 PHK                                                   Termination of Employment                                         4

 Jumlah                                                Total                                                             18




Kebijakan Pemberian Kompensasi Jangka                               Performance-Based Long-Term
Panjang Berbasis Kinerja                                            Compensation Policy

Bank Mandiri Taspen memiliki Kebijakan Remunerasi dengan            Bank Mandiri Taspen had a Remuneration Policy with the latest
perubahan terakhir Nomor KEB/010/X/2024 tanggal 1 Oktober           amendment No. KEB/010/X/2024 dated October 1, 2024, and a
2024, Standar Prosedur Remunerasi dengan Perubahan                  Remuneration Standard Procedure with the latest amendment
Terakhir Nomor SP/006/VI/2025 tanggal 30 Juni 2025.                 No. SP/006/VI/2025 dated June 30, 2025. The amount of
Besaran remunerasi ditetapkan berdasarkan keputusan dalam           remuneration was determined based on resolutions of the
Rapat Umum Pemegang Saham (RUPS) dan dapat dilimpahkan              General Meeting of Shareholders (GMS) and could be delegated
kepada Dewan Komisaris Bank. Penetapan Remunerasi terdiri           to the Bank’s Board of Commissioners. The determination of
dari:                                                               remuneration consisted of:
1. Remunerasi yang bersifat tetap:                                  1. Fixed Remuneration:
    Remunerasi yang tidak dikaitkan dengan kinerja dan risiko,          Remuneration not linked to performance and risk, including
    antara lain gaji pokok, fasilitas, tunjangan perumahan,             base salary, facilities, housing allowance, health benefits,
    tunjangan kesehatan, tunjangan pendidikan, tunjangan hari           education allowance, holiday allowance, and pension
    raya dan pensiun.                                                   benefits.
2. Remunerasi yang bersifat variabel:                               2. Variable Remuneration:
    Remunerasi yang dikaitkan dengan kinerja dan risiko, antara         Remuneration linked to performance and risk, including
    lain bonus atau bentuk lainnya yang dipersamakan dengan             bonuses or other equivalent forms. The policy for variable
    itu. Kebijakan Remunerasi yang bersifat Variabel diberikan          remuneration was provided in cash. Such variable
    dalam bentuk tunai. Remunerasi yang bersifat variabel ini           remuneration could not be hedged by Material Risk Takers.
    tidak dapat dilindungnilaikan oleh Material Risk Taker.


Penetapan Remunerasi dapat dilakukan dengan 2 (dua)                 Remuneration determination may be carried out through the
kebijakan:                                                          following two (2) policies:
1. Malus, yaitu kebijakan yang diambil Bank berdasarkan             1. Malus: A policy implemented by the Bank based on certain
    kriteria tertentu yang dapat menunda pembayaran                      criteria, allowing the deferral of part or all of the deferred
    sebagian atau seluruh dari Remunerasi yang Bersifat                  Variable Remuneration.
    Variabel yang ditangguhkan.
2. Clawback, yaitu kebijakan yang diambil Bank dalam bentuk         2. Clawback: A policy implemented by the Bank in the
    suatu perjanjian antara Bank dengan anggota Direksi,               form of an agreement between the Bank and members
    anggota Dewan Komisaris atau Pegawai dimana anggota                of the Board of Directors, members of the Board of




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    Direksi, anggota Dewan Komisaris atau Pegawai setuju               Commissioners, or employees, whereby they agree to
    untuk mengembalikan Remunerasi yang Bersifat Variabel              return Variable Remuneration received in accordance with
    yang diterima sesuai kriteria yang ditetapkan Bank.                criteria determined by the Bank.


Bank menentukan metode pengukuran kinerja dan jenis                The Bank determines the performance measurement method and
risiko dalam menetapkan pemberian Remunerasi yang                  risk type in determining the provision of Variable Remuneration
Bersifat Variabel bagi Direksi, Dewan Komisaris, dan Pegawai       for the Board of Directors, Board of Commissioners, and Bank
Bank. Dari pengukuran kinerja ini kemudian ditetapkan Material     Employees. Based on this performance measurement, the
Risk Taker (MRT) yang dilakukan berdasarkan:                       Material Risk Taker (MRT) is determined based on:
1. Kriteria Material Risk Taker (MRT) Direksi/Dewan Komisaris/     1. Material Risk Taker (MRT) criteria for Directors/Board of
     Pegawai yang mendapat Remunerasi yang bersifat Variabel            Commissioners/Employees receiving substantial Variable
     dengan nilai besar.                                                Remuneration.
2. Remunerasi yang Bersifat Variabel dengan nilai besar            2. For substantial Variable Remuneration, the Bank may
     Bank dapat menangguhkan pembayaran Remunerasi yang                 defer payment of Variable Remuneration to parties who
     Bersifat Variabel kepada pihak yang menjadi Material Risk          are Material Risk Takers (MRT) by a certain percentage
     Taker (MRT) sebesar presentase tertentu yang disesuaikan           adjusted for their position level.
     dengan tingkat jabatan.


Penangguhan Remunerasi yang Bersifat Variabel bagi MRT             Deferral of Variable Remuneration for MRT
Bank dapat menunda pembayaran Remunerasi yang Bersifat             Banks may defer the payment of deferred Variable
Variabel yang ditangguhkan (Malus) atau menarik kembali            Remuneration (Malus) or clawback paid Variable Remuneration
Remunerasi yang Bersifat Variabel yang sudah dibayarkan            to Material Risk Takers under certain circumstances. Material
(Clawback) kepada pihak yang menjadi Material Risk Takers          Risk Takers are prohibited from hedging their deferred Variable
dalam kondisi tertentu. Pihak yang menjadi Material Risk Takers    Remuneration. Deferral of Variable Remuneration for MRT is
dilarang melakukan lindung nilai atas Remunerasi yang Bersifat     based on:
Variabel yang ditangguhkan. Penangguhan Remunerasi yang
Bersifat Variabel untuk MRT dilakukan berdasarkan:
1. Besarnya penangguhan pembayaran Remunerasi yang                 1. The amount of deferral of Variable Remuneration payment
     Bersifat Variabel berdasarkan tingkat Jabatan yaitu semakin      is based on the position level; the higher the position
     tinggi tingkat Jabatan maka semakin besar persentase             level, the greater the percentage of deferred Variable
     Remunerasi yang Bersifat Variabel yang ditangguhkan.             Remuneration.
2. Remunerasi yang Bersifat Variabel diberikan dalam bentuk        2. If Variable Remuneration is provided in cash or in shares or
     tunai serta dalam bentuk saham atau instrumen yang               share-based instruments issued by the Bank, the deferral
     berbasis saham yang diterbitkan Bank maka penangguhan            applies to all forms of Variable Remuneration.
     dilakukan terhadap semua bentuk Remunerasi yang
     Bersifat Variabel tersebut.


Penerapan Malus dan/atau Clawback dilakukan dengan risiko          The implementation of Malus and/or Clawback was carried
yang seminimal mungkin, perlu memperhatikan hal-hal antara         out with minimal risk, taking into account, among others, legal
lain memperhatikan aspek hukum dan perpajakan, Penerapan           and tax considerations. The application of Malus and Clawback
Malus dan Clawback bagi anggota Direksi, anggota Dewan             to members of the Board of Directors, members of the Board
Komisaris atau Pegawai yang ditetapkan menjadi MRT baik            of Commissioners, or employees designated as Material Risk
yang masih bekerja maupun yang sudah tidak bekerja di Bank         Takers (MRT), whether still employed or no longer employed by
dilakukan sebagai berikut:                                         the Bank, was conducted as follows:
a. Malus diterapkan terhadap Remunerasi yang Bersifat              a. Malus was applied to Variable Remuneration that remained
     Variabel yang masih ditangguhkan.                                 deferred.
b. Clawback diterpkan terhadap Remunerasi yang Bersifat            b. Clawback was applied to Variable Remuneration that had
     Variabel yang sudah dibayarkan.                                   already been paid.




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                                                                                                        PT Bank Mandiri Taspen




Nilai besar yang menjadi faktor penentu Material Risk Taker       The threshold for determining a Material Risk Taker (MRT) was
adalah remunerasi variabel dengan besaran remunerasi lebih        defined as Variable Remuneration exceeding 10 (ten) times
dari 10 (sepuluh) kali gaji yang diterima sebagai remunerasi      the employee’s salary. For members of the Board of Directors
variabel pegawai, sedangkan untuk Direksi dan Dewan               and the Board of Commissioners, the determination was based
Komisaris ditentukan berdasarkan persetujuan pemegang             on shareholder approval upon recommendation from the
saham atas usulan yang disampaikan oleh komite remunerasi         Remuneration Committee through the Board of Commissioners.
melalui Komisaris.


Bank memilih menggunakan sistem malus dalam melakukan             The bank chose to use the malus system to defer variable
penangguhan pembayaran remunerasi variabel dengan                 remuneration payments with the following percentage
komposisi persentase sebagai berikut:                             composition:



                        Posisi                                        H+1 Tahun            H+2 Tahun             H+3 Tahun
 No                                                   Malus
                       Position                                        H+1 Year            H+2 Years             H+3 Years

       Direksi dan Komisaris
  1    Board of Directors and Board of                 20%                10%                   5%                   5%
       Commissioners

       Business Unit/Risk Taking Unit
  2                                                    20%                10%                   5%                   5%
       Business Unit/Risk Taking Unit

       Supporting Unit/control unit
  3                                                    10%                5%                  2,50%                2,50%
       Supporting Unit/control unit




Jangka waktu penangguhan pembayaran remunerasi                    The deferral period for Variable Remuneration was set at 3
yang bersifat variabel adalah selama 3 (tiga) tahun sejak         (three) years from the date of payment, with the malus value
pembayaran remunerasi variabel, Nilai penangguhan malus           calculated on a present value basis.
memperhitungkan present value.


Remunerasi variabel yang ditangguhkan dapat dibayarkan            Deferred Variable Remuneration could be paid subject to the
dengan syarat:                                                    following conditions:
a. Penilaian kinerja minimal Performance Level (PL) 3 di tahun    a. Performance evaluation of at least Performance Level (PL)
   berjalan                                                            3 in the current year
b. Tidak dalam masa pengenaan sanksi                              b. Not under any sanction period
c. Tidak dalam masa pemeriksaan karena indikasi fraud             c. Not under investigation for alleged fraud


Apabila pada saat masa pembayaran yang ditangguhkan salah         If, at the time of payment, any of the above conditions were not
satu variabel tersebut di atas tidak terpenuhi, maka remunerasi   fulfilled, the Variable Remuneration would remain deferred and/
variabel dimaksud tetap ditangguhkan dan/atau tidak dibayarkan,   or not be paid, and would only be disbursed once the employee
dan baru akan dibayarkan setelah pegawai dinyatakan tidak         was declared not proven and/or not involved in the alleged fraud
terbukti dan/atau tidak terlibat dalam kasus fraud dimaksud.      case.


Realisasi atas penangguhan remunerasi yang Bersifat Variabel      The realization of deferred Variable Remuneration for Material
bagi MRT telah disampaikan pada Sub Bab Penerapan Tata            Risk Takers (MRT) had been disclosed in the subsection
Kelola Dalam Pemberian Remunerasi Bagi Bank Umum Sesuai           on the Implementation of Governance in Remuneration for
POJK 45/POJK.03/2015 dalam Bab Tata Kelola Perusahaan             Commercial Banks in accordance with POJK 45/POJK.03/2015
pada Laporan Tahunan ini.                                         in the Corporate Governance chapter of this Annual Report.


Selain itu, Bank Mandiri Taspen merupakan Perseroan Terbatas      Furthermore, Bank Mandiri Taspen is a privately held limited
yang tertutup sehingga tidak memiliki program kepemilikan         liability company and therefore did not implement an Employee
saham oleh Pegawai dan/atau Manajemen (ESOP/MSOP).                Stock Ownership Program (ESOP) and/or Management Stock
                                                                  Ownership Program (MSOP).




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Whistleblowing System                                            Whistleblowing System

Keberadaan dan Tujuan Whistleblowing System                      Existence and Objectives of The Whistleblowing
                                                                 System

Penyelesaian pengaduan pelanggaran oleh Bank merupakan           Settlement of complaints of violations by the Bank is one form
salah satu bentuk peningkatan perlindungan stakeholders dalam    of increasing protection of stakeholders in order to guarantee
rangka menjamin hak-haknya dalam berhubungan dengan              their rights in dealing with the Bank and guaranteeing
Bank dan menjamin penanganan yang memenuhi ketentuan             handling that meets the requirements and requirements set
dan persyaratan yang ditetapkan oleh Bank, Pemerintah dan        by the Bank, Government and Mandatory Apparatus. For
Aparat Berwajib. Untuk itu maka perlu dirumuskan kebijakan,      this reason, it is necessary to formulate policies, systems and
sistem dan prosedur penanganan yang selaras untuk mengatur       handling procedures that are aligned to regulate the settlement
penyelesaian pengaduan pelanggaran bagi stakeholders dalam       of complaints of violations for stakeholders in a Policy for
suatu Kebijakan Pengelolaan Pengaduan Pelanggaran.               Management of Complaints of Violations.


Penanganan pengaduan harus dapat diimplementasikan secara        Complaint handling must be implemented effectively in order
efektif agar memberikan dorongan serta kesadaran kepada          to provide encouragement and awareness to Bank employees
pegawai dan pejabat Bank untuk melaporkan indikasi atas          and officials to report indications of suspected fraud or non-
dugaan terjadinya fraud atau non fraud. Kebijakan Pengelolaan    fraud. The policy on the Management of Complaints Complaints
Pengaduan Pelanggaran yang juga disebut Whistleblowing           also called Whistleblowing is a system that can be used as a
merupakan sistem yang dapat dijadikan media bagi saksi           medium for reporting witnesses to convey information about
pelapor untuk menyampaikan informasi mengenai tindakan           indicated violations occurring within a company.
pelanggaran yang diindikasi terjadi di dalam suatu perusahaan.


Pengelolaan Whistleblowing System                                Management of Whistleblowing System

Dalam rangka penerapan Strategi Anti Fraud, Divisi Internal      In the implementation of the Anti-Fraud Strategy, the Internal
Audit ditunjuk sebagai unit kerja koordinator penerapan dan      Audit Division was designated as the coordinating unit for the
pelaksanaan Strategi Anti Fraud di Bank Mandiri Taspen. Untuk    implementation and execution of the Anti-Fraud Strategy at
mendukung penerapan strategi anti fraud tersebut PT Bank         Bank Mandiri Taspen. To support this implementation, Bank
Mandiri Taspen telah menerbitkan Standar Prosedur Strategi       Mandiri Taspen had issued the Anti-Fraud Strategy Standard
Anti Fraud (SPSAF) pada tahun 2017 dan saat ini sedang           Procedures (SPSAF) in 2017, which were currently undergoing
dilakukan revisi penyempurnaan yang direncanakan selesai         refinement revisions, targeted for completion in January 2026.
pada Januari 2026.


Untuk pengelolaan sarana pengaduan, Bank Mandiri Taspen          In managing reporting channels, Bank Mandiri Taspen had
telah mengimplementasikan Whistleblowing System (WBS)            implemented a Whistleblowing System (WBS) utilizing an
dengan menggunakan jasa provider eksternal (independen)          external (independent) service provider in coordination with
yang berkoordinasi dengan pengelola internal WBS-LTC, hal        the internal WBS-LTC management. This initiative aimed to
ini bertujuan sebagai upaya deteksi fraud dan pencegahan         enhance fraud detection and prevention through deterrence
fraud melalui efek gentar calon fraudster serta memberikan       effects on potential fraud perpetrators, provide a secure and
rasa aman dan nyaman bagi pelapor serta untuk meningkatkan       confidential reporting environment for whistleblowers, and
efektivitas penerapan syitem pengendalian fraud dengan           improve the effectiveness of fraud control systems with a strong
menitikberatkan pada pengungkapan dari pengaduan.                emphasis on disclosures arising from reported complaints.


Penyampaian Laporan Pelanggaran                                  Submission of Violation Report

Pengaduan pelanggaran yang diduga dilakukan pegawai              Complaints of violations allegedly committed by employees are
ditujukan kepada pengelola whistleblowing (WBS). Pengaduan       addressed to the whistleblowing manager (WBS). Complaints
pelanggaran dapat dilakukan melalui:                             of violations can be made through:
1. E-mail :                                                      1. E-mail :
    ltc@rsm.id                                                        ltc@rsm.id
2. Website :                                                     2. Website :
    https://whistleblowing.tips/wbs/@bankmandiritaspen                https://whistleblowing.tips/wbs/@bankmandiritaspen




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                                                                                                         PT Bank Mandiri Taspen




Semua laporan dugaan pelanggaran (fraud) yang disampaikan         All reports of alleged frauds will be guaranteed confidentiality
akan dijamin kerahasiaan dan keamanannya oleh Bank dan            and security by the Bank and the whistleblower is guaranteed
pelapor (whistleblower) dijamin haknya untuk memperoleh           the right to obtain information regarding the status of follow-up
informasi mengenai status tindak lanjut atas laporannya.          on the report.




Perlindungan bagi Whistleblower                                   Protection for Whistleblower

1. Identitas Whistleblower hanya diketahui oleh PIC               1. The identity of the Whistleblower is only known by the
   Whistleblowing. Perlindungan kepada Whistleblower                 Whistleblowing PIC. Protection for the Whistleblower
   dilakukan dengan menjaga kerahasiaan identitas                    is carried out by maintaining the confidentiality of the
   Whistleblower sehingga mendorong keberanian untuk                 Whistleblower’s identity so as to encourage people to
   melaporkan adanya dugaan Fraud                                    report any suspected Fraud
2. Seluruh laporan pengaduan dugaan Fraud akan                    2. All reports of complaints of suspected Fraud will be
   dijamin kerahasiaan dan keamanannya oleh Bank dan                 guaranteed confidentiality and security by the Bank
   Whistleblower dijamin haknya untuk memperoleh                     and the Whistleblower is guaranteed the right to obtain
   informasi atas status tindak lanjut dari laporan pengaduan        information on the status of the follow-up of the complaint
   yang disampaikan;                                                 report submitted;
3. Tidak ada sanksi jika laporan pengaduan tidak terbukti         3. There are no sanctions if the complaint report is not proven


Jenis Pelanggaran yang Dapat Dilaporkan                           Types of Abuses That Can Be Reported

Pelanggaran meliputi banyak hal dan masalah, akan tetapi          Violations cover many things and problem. However, they are
dibatasi dengan apa yang dilakukan, terjadi atau terkait dengan   limited to what they could do to impact the Bank. Some types
Bank. Beberapa jenis pelanggaran dan penyimpangan yang            of violations and deviations that the rapporteur can report- in
dapat dilaporkan berdasarkan kebijakan yang dimiliki Bank,        relations with the Bank’s policies are:
antara lain adalah:




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1. Fraud, antara lain terdiri dari:                              1. Fraud, including but not limited to:
   1) Korupsi meliputi:                                             1) Corruption includes:
       a) Pemerasan;                                                    a) Extortion;
       b) Benturan kepentingan yang merugikan Bank dan/                 b) Conflict of interest that is detrimental to the Bank
           atau Konsumen;                                                   and/or Consumer;
       c) Penyuapan;                                                    c) Bribery;
       d) Penerimaan tidak sah.                                         d) Unauthorized receipt.
   2) Penyalahgunaan aset meliputi:                                 2) Misuse of assets includes:
       a) Penyalahgunaan uang tunai;                                    a) Misappropriation of cash;
       b) Penyalahgunaan persediaan; dan/atau                           b) Misappropriation of inventory; and/or
       c) Penyalahgunaan aset lainnya;                                  c) Misappropriation of other assets;
   3) Kecurangan laporan keuangan yaitu tindakan yang               3) Financial reporting fraud is an act that includes
       meliputi melebihkan kekayaan bersih dan/atau                     overstating net assets and/or net income or reducing
       pendapatan bersih atau mengurangi kekayaan bersih                net assets and/ or net income;
       dan/atau pendapatan bersih;
   4) Penipuan;                                                       4) Fraud;
   5) Pembocoran informasi rahasia; dan/atau;                         5) Disclosure of confidential information; and/or;
   6) Tindakan lain yang dapat dipersamakan dengan                    6) Other actions that can be equated with fraud in
       Fraud sesuai dengan ketentuan peraturan perundang-                accordance with the provisions of laws and regulations.
       undangan.
2. Non-Fraud, adalah tindakan pelanggaran ketentuan              2. Non-Fraud, is an act of violating external and internal
   eksternal maupun internal termasuk pelanggaran norma             provisions including violations of norms and ethics (code of
   dan etika (code of conduct), dengan contoh antara lain:          conduct), with examples including:
   • Penyalahgunaan kewenangan dan/atau jabatan.                    • Abuse of authority and/or position.
   • Tindakan yang dapat menurunkan reputasi dan/atau               • Actions that can degrade the reputation and/or good
       nama baik Bank.                                                  name of the Bank.
   • Perbuatan asusila di dalam dan di luar Bank.                   • Immoral acts inside and outside the Bank.
   • Pelecehan.                                                     • Harassment.
   • Penggunaan narkoba.                                            • Drug use.
   • Terlibat dalam kegiatan masyarakat yang dilarang               • Engage in prohibited community activities

Seluruh jajaran internal dan eksternal Bank dapat menyampaikan   All internal and external levels of the Bank can submit complaint
laporan pengaduan atas dugaan fraud, pelanggaran kode etik       reports regarding suspected fraud, violations of the code
maupun pelanggaran benturan kepentingan kepada Direktur          of ethics or violations of conflicts of interest to the President
Utama melalui Saluran Whistleblowing Bank Mandiri Taspen.        Director through the Bank Mandiri Taspen Whistleblowing
                                                                 Channel.


Penanganan Pengaduan Whistleblowing System                       Whistleblowing System Complaints Handling

Laporan pengaduan atas dugaan terjadinya fraud dapat             Reports of alleged fraud could be submitted either anonymously
disampaikan dengan tidak menyebutkan identitas pelapor           or by disclosing the whistleblower’s identity, accompanied by
(anonymous) atau menyebutkan identitas pelapor disertai          an active telephone number/email address, which would be
nomor telepon/email aktif yang dapat dihubungi yang akan         kept strictly confidential. Reports received were followed up
dijamin kerahasiannya. Laporan pengaduan yang diterima akan      provided that they fulfilled the 4W and 1H elements, as follows:
ditindaklanjuti apabila memenuhi unsur 4W dan 1H sebagai
berikut:
a. What : Perbuatan pelanggaran yang diketahui                   a.   What : The violation that was identified
b. Where : Dimana perbuatan tersebut dilakukan                   b.   Where : The location where the violation occurred
c. When : Kapan perbuatan tersebut dilakukan                     c.   When : The time at which the violation occurred
d. Who : Siapa saja yang terlibat dalam perbuatan tersebut       d.   Who : The parties involved in the violation
e. How : Bagaimana gambaran perbuatan tersebut                   e.   How : The manner in which the violation was carried out
              dilakukan




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Pelaporan periodik laporan WBS-LTC yang disampaikan                 Periodic WBS-LTC reports submitted by the external provider
pengelola eksternal kepada pengelola internal di Bank Mandiri       to the internal management of Bank Mandiri Taspen were
Taspen akan dijadikan sebagai bahan evaluasi efektivitas            utilized as a basis for evaluating the effectiveness of the WBS-
saluran WBS-LTC serta untuk pelaporan kepada management.            LTC channel and for reporting to management.


Pengelola Pengaduan Whistleblowing System                           Whistleblowing System Complaint Handler

Atas laporan WBS yang telah memuat rekomendasi, hasil               For WBS reports that included recommendations, analysis
analisa, ringkasan laporan, laporan dari Pelapor dan lampiran       results, summaries, whistleblower reports, and supporting
bukti pendukung, pengelola internal WBS-LTC di Bank Mandiri         evidence, the internal WBS-LTC management at Bank Mandiri
Taspen akan menentukan unit kerja yang akan menindaklanjuti         Taspen determined the relevant work unit responsible for
laporan tersebut. Adapun unit yang berwenang untuk                  follow-up actions. The authorized units to receive WBS reports
menerima informasi pengaduan WBS yaitu:                             were as follows:
a. Divisi Internal Audit;                                           a. Internal Audit Division
b. Divisi Operational Excellence & Customer Experience              b. Operational Excellence & Customer Experience Division
    (Mantap Care);                                                       (Mantap Care)
c. Divisi Human Capital;                                            c. Human Capital Division
d. Unit kerja terkait untuk ditindaklanjuti sesuai ketentuan.       d. Other relevant work units, in accordance with applicable
                                                                         provisions


Pengelola internal akan meneruskan laporan WBS yang sudah           The internal management forwarded WBS reports that met
memenuhi unsur kepada Divisi Internal Audit/Human Capital/          the required criteria to the Internal Audit Division, Human
Unit kerja terkait melalui email (identitas Whistleblower           Capital Division, or other relevant units via email (with the
dirahasiakan) maksimal H+3 setelah laporan di terima dari           whistleblower’s identity kept confidential) no later than three
pengelola eksternal. Terhadap laporan WBS-LTC yang bersifat         working days after receipt from the external provider. For
pengaduan nasabah/debitur atau permintaan informasi,                WBS-LTC reports categorized as customer/debtor complaints
pengelola internal dapat menyampaikan laporan tersebut              or information requests, the reports could be forwarded to the
kepada Divisi Operational Excellence & Customer Experience          Operational Excellence & Customer Experience Division (Mantap
(Mantap Care) atau unit kerja lainnya untuk dapat ditindaklanjuti   Care) or other relevant units for follow-up in accordance with
sesuai ketentuan.                                                   applicable provisions.


Secara periodik pengelola internal melakukan monitoring             The internal management periodically monitored WBS reports
terhadap laporan-laporan WBS yang diteruskan kepada                 forwarded to relevant units by requesting documentation
unit kerja terkait dengan meminta dokumen pemenuhan                 evidencing follow-up actions. The adequacy of such follow-
tindaklanjutnya. Selanjutnya pengelola internal akan menilai        up was then assessed, and updates were communicated to
bukti pemenuhan tindaklanjut tersebut dan menyampaikan              the external provider to reflect the reporting status. Fraud and
kepada pengelola eksternal untuk melakukan pengkinian               non-fraud reports were followed up through two investigation
terhadap status pelaporan. Laporan pengaduan fraud/non fraud        mechanisms, namely:
akan ditindaklanjuti melalui 2 (dua) mekanisme pemeriksaan/
investigasi, yaitu oleh:
a. Divisi Internal Audit; atau                                      a. Internal Audit Division; or
b. Joint antara Divisi Internal Audit dan Divisi Risk Business      b. Joint investigation between the Internal Audit Division and
    Control.                                                           the Risk Business Control Division.


Laporan WBS-LTC yang ditindaklanjuti ke proses pemeriksaan          WBS-LTC reports escalated to investigation were handled
investigasi, teknis pelaksanaan investigasi mengacu kepada          in accordance with the Investigation Technical Guidelines.
Petunjuk Teknis Investigasi. Status dan informasi progres atas      Updates on the status and progress of complaint handling
penanganan pengaduan melalui whistleblowing system akan             through the whistleblowing system were communicated to
diinformasikan kepada pengelola WBS-LTC untuk selanjutnya           the WBS-LTC management and subsequently conveyed to the
disampaikan kepada kepada pelapor/whisteblower melalui              whistleblower through the third-party provider.
pengelola pihak ketiga.




2025 Annual Report                                                                                                        753
Page 754
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Bagan Alur Penyampaian Pelaporan Pelanggaran

Adapun alur pelaporan pelanggaran pada Bank Mandiri Taspen,       Flowchart for Submitting Violation Reports
dijelaskan dalam bagan berikut.
                                                                  The flow for reporting violations at Bank Mandiri Taspen is
                                                                  explained in the following chart.

             Whistleblower                           Pihak Eksternal                            Direktur Utama
                                                     External parties                          President Directors
                                                   (PT RSM Indonesia)




                   Mulai
                   Start




     Mengirimkan informasi pengaduan
     via media WBS (email atau sistem                      Menerima
         WBS pada website bank)                      Informasi Pengaduan
       Send complaint information via                 Receive Complaint
     WBS media (email or WBS system                      Information
          on the Bank’s website)




     Menerima E-Mail bahwa informasi
                                                   Melakukan Verifikasi dan
        pengaduan tidak lengkap
                                                     Validasi Pengaduan
         Received an E-Mail that the
                                                   Perform Verification and
       information on the complaint is
                                                   Validation of Complaints
                 incomplete




                                                 Melakukan Konfirmasi kepada              Menerima laporan hasil investigasi
                                                       Whistleblower                        berupa executive summary
                                                     Confirmation with the                Receive an investigation report in
                                                        Whistleblower                     the form of an executive summary




                                                   Memberikan rekomendasi
                                                tindaklanjut secara jelas kepada
                                               PIC WBS untuk ditindaklanjuti dan
                                                 berdasarkan verivikasi 4W+1H
                                                    Provide clear follow-up
                                                recommendations to PIC WBS
                                                to be followed up and based on
                                                      4W+1H verification



                                                 Menerima dokumen summary
                                                tindaklanjut pemeriksaan untuk
         Menerima informasi status                disampaikan kepada pelapor
               pemeriksaan                               melalui E-mail
         Receive inspection status              Receive a summary document
               information                      of followup examinations to be
                                               submitted to the complainant via
                                                            E-Mail



                  Selesai
                  Finish




    754                                                                                                    Laporan Tahunan 2025
Page 755
                                                                                                                PT Bank Mandiri Taspen




                                                          Divisi Internal Audit
     PIC Whistleblowing System                                                                       Divisi Central Operation
                                                         Internal Audit Division



                                                           Evaluasi (4W1H) dan
                                                      menyampaikan keputusan tindak
                                                         lanjut laporan pengaduan
                                                       Evaluation (4W1H) and submit
                                                       a decision on follow-up to the
                                                              complaint report


      Melakukan Verifikasi dan validasi
        atas rekomendasi dari Pihak
                 Eksternal                             Proses investigasi oleh IA, atau
     Perform verification and validation               joint investigasi yang dilakukan
         on recommendations from                               dengan Divisi RBC
              external parties
                                                        Investigation process by IA, or
                                                      joint investigation conducted with
                                                                the RBC Division

     Melanjutkan informasi pengaduan
         kepada unit terkait sesuai                                                                 Menerima informasi pengaduan
       rekomendasi pihak eksternal                                                                  untuk ditindaklanjuti dan diinput
                                                                                                        pada sistem SAHABAT
      Continuing complaint information
        to related units according to                                                               Receive complaint information to
      recommendations from external                                                                 be followed up and inputted into
                   parties                                                                               the SAHABAT system




                                                                                   Summary Tindak Lanjut
                                  Laporan hasil investigasi                           Pemeriksaan
                                    Investigation report                           Summary of Follow-up
                                                                                       Examination




        Menerima dan meneruskan
         Summary Tindak Lanjut
              Pemeriksaan
       Receiving and forwarding the
        Audit Follow-up Summary




2025 Annual Report                                                                                                               755
Page 756
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Corporate Governance




Sosialisasi Whistleblowing System                                      Whistleblowing System Socialization

Dalam rangka meningkatkan pemahaman strategi anti fraud                In order to enhance understanding of the Bank’s Anti-
Bank, maka Divisi Internal Audit melakukan sosialisasi Strategi        Fraud Strategy, the Internal Audit Division conducted direct
Anti Fraud secara langsung kepada cabang bersamaan dengan              socialization of the Anti-Fraud Strategy to branch offices in
proses audit regular, pemasangan BOD Message pada setiap               conjunction with regular audit processes. In addition, Board of
lantai di Kantor Pusat dan Kantor Cabang, memberikan edukasi           Directors (BOD) Messages were displayed on each floor at both
kepada pegawai terhadap pemahaman fraud awareness,                     the Head Office and Branch Offices. The Bank also provided
risk awareness, dan Security Awareness melalui sarana                  employee education to strengthen fraud awareness, risk
penyampaian/pemasangan poster melalui media sosial maupun              awareness, and security awareness through the dissemination
melalui newsletter yaitu media komunikasi yang dimiliki internal       of posters via social media and internal newsletters as part
Bank Mantap, seluruh Divisi memberikan materi Morning                  of the Bank’s communication channels. All divisions delivered
Briefing Library (MBL) terkait pengetahuan atau pencerahan             materials through the Morning Briefing Library (MBL), covering
secara end to end process baik aspen ketentuan, bisnis, risk,          end-to-end processes, including regulatory aspects, business,
service dan operation yang dilakukan pada saat morning                 risk, service, and operations, which were presented during
briefing di Kantor Cabang/Kantor Cabang Pembantu, dan                  morning briefings at Branch Offices and Sub-Branch Offices.
Dalam rangka meningkatkan upaya perbaikan peran dan fungsi             Furthermore, to continuously strengthen the role and function
second line of defense¸secara berkesinambungan Divisi Risk             of the second line of defense, the Risk Business Control
Business Control bersama dengan Divisi-Divisi terkait dan              Division, in collaboration with related divisions and Distribution
Unit Kerja Distribution menyelenggarakan Forum Komunikasi              units, organized the Compliance, Risk & Control Forum and the
Compliance, Risk & Control dan Operational Risk & Control              Operational Risk & Control (ORIC) Forum.
(ORIC) Forum.


Jumlah Pengaduan dan Proses Pengaduan                                  Number of Complaints and Complaints Process

Sejak WBS dikelola oleh Provider Eksternal (Desember 2025),            Since the Whistleblowing System (WBS) has been managed
terdapat peningkatan laporan WBS yang cukup signifikan                 by an external provider (December 2025), there has been a
dengan rincian sebagai berikut:                                        significant increase in the number of WBS reports, with details
                                                                       as follows:



                                      Media
                                                                Kategori Pelaporan                    Tidak
                                  Penyampaian
                                                                Reporting Category               Ditindaklanjuti
                                  Storage Media
                                                                                                (Tidak Memenuhi           Laporan
                    Jumlah
                                                                                                Unsur Pelaporan 4        Dinyatakan
                   Laporan                                         Ditindaklanjuti
        Tahun                                                                                        W 1 H)                Selesai
 No                Number                                           Followed up
         Year                                                                                   Tida Not Followed          Report
                      of
                                                                                                  Up (Does Not            Declared
                   Reports       Email     Website                              Pengaduan         Meet the 4 W           Completed
                                                                      Non-        Umum            1 H Reporting
                                                        Fraud
                                                                      Fraud      General            Elements)
                                                                                Complaints

  1      2018           1          1           -          1             -             -                   -                    1

  2      2019           1          1           -           -            -             1                   -                    1

  3      2020           1          1           -          1             -             -                   -                    1

  4      2021           8          8           -          1             -             2                   5                    8

  5      2022          69         30          39          1             1            44                  23                   69

  6      2023          81         25          56          1             2            58                  20                   81

  7      2024          105        44          61           -            1            61                  43                   105

  8      2025          115        38          77           -            2            74                  39                   115




      756                                                                                                          Laporan Tahunan 2025
Page 757
                                                                                                          PT Bank Mandiri Taspen




Program Anti Korupsi                                               Anti-Corruption Program

Sebagai salah satu upaya penerapan Strategi Nasional               As one of the efforts to implement the National Strategy
Pencegahan Korupsi yaitu Penerapan Manajemen Anti                  for Corruption Prevention, namely the Implementation of
Suap pada Lembaga Pemerintah dan Sektor Swasta, serta              Anti- Bribery Management in Government Institutions and
menindaklanjuti penandatanganan komitmen bersama                   the Private Sector, as well as following up on the signing of
penerapan SNI ISO 37001 mengenai Sistem Manajemen Anti             a joint commitment to the implementation of SNI ISO 37001
Penyuapan (SMAP) antara Otoritas Jasa Keuangan dengan              regarding Anti-Bribery Management System (SMAP) between
Asosiasi Perbankan tanggal 18 Agustus 2020. Bank Mandiri           the Financial Services Authority and the Banking Association
Taspen turut mendukung Strategi Nasional Pencegahan Korupsi        on August 18, 2020. Bank Mandiri Taspen also supported
dengan merencanakan penerapan SNI ISO 37001 SMAP                   the National Strategy for Corruption Prevention by planning
dimana Bank Mandiri Taspen   telah mendapatkan sertifikat          the implementation of SNI ISO 37001 SMAP in which Bank
ISO 37001:2016 tanggal 9 Desember 2021 dengan hasil                Mandiri Taspen received the ISO 37001:2016 certificate on
audit tidak terdapat kesalahan mayor dan minor. Pelaksanaan        December 9, 2021 with audit results that there were no major
surveillance atau audit telah dilakukan oleh Lembaga Sertifikasi   and minor errors. Surveillance or audit was carried out by the
ISO pada tanggal 26 Agustus 2022 dengan hasil Bank Mandiri         ISO Certification Institute on August 26, 2022 with the results
Taspen berhak mendapatkan sertifikasi ISO 37001:2016               that Bank Mandiri Taspen has the right to receive ISO 37001:
Sistem Manajemen Anti Penyuapan.                                   2016 Anti-Bribery Management System certification.


Program dan Prosedur yang Dilakukan                                Programs and Procedures in Overcoming
Dalam Mengatasi Praktik Korupsi, Balas Jasa                        Corruption, Kickbacks, Fraud, Bribery and/or
(Kickbacks), Fraud, Suap dan/atau Gratifikasi                      Gratituity Practices

Sistem Manajemen Anti Penyuapan                                    Anti-Bribery Management System

Dalam menjalankan kegiatan bisnis, Bank tidak dapat terlepas       In carrying out business activities, the Bank cannot be separated
dari interaksi dengan banyak pihak, baik pihak internal Bank       from interactions with many parties, both internal and external
maupun pihak eksternal guna menjalin kerjasama bisnis yang         parties in order to establish harmonious and sustainable
harmonis, serasi dan berkesinambungan.                             business cooperation.


Terkait dengan hubungan bisnis, hal yang sering terjadi dan        Regarding business relationships, what often happens and is
tidak terhindarkan dalam kegiatan kerja sehari-hari adalah         unavoidable in daily work activities is the practice of bribery
adanya praktik suap dan gratifikasi dari suatu pihak kepada        and gratituity from one party to another. Therefore, in order
pihak lainnya. Oleh sebab itu, untuk menjaga hubungan bisnis       to maintain business relationships within the corridor of ethics
tetap berada pada koridor etika dan prinsip-prinsip tata kelola    and principles of good corporate governance and in accordance
perusahaan yang baik dan sesuai SNI ISO 37001 mengenai             with SNI ISO 37001 regarding Anti-Bribery Management
Sistem Manajemen Anti Penyuapan, maka diperlukan                   System, it is necessary to regulate anti-bribery and gratuities
pengaturan mengenai anti penyuapan dan gratifikasi yang            that regulate the reporting procedures/mechanisms in the
mengatur tata cara/mekanisme pelaporannya di lingkungan            environment Bank.
Bank.


Bank telah membentuk Unit Anti Penyuapan dan Gratifikasi           The Bank established an Anti-Bribery and Gratituity Unit to
untuk membangun nilai-nilai Tata Kelola yang Baik dan              build Good Governance values and instill value integrity. To
menanamkan value integrity. Untuk memastikan penerapan             ensure that the implementation of policies could run well, the
kebijakan dapat berjalan dengan baik terhadap insan Bank tidak     Bank’s personnel did not accept and/or give gratuities related
menerima dan/atau memberikan gratifikasi yang berhubungan          to their positions and contrary to their obligations or duties.
dengan jabatannya dan berlawanan dengan kewajiban atau             In the event that there was any receipt of gratituity related to
tugasnya. Dalam hal terdapat setiap penerimaan gratifikasi         his position, he/she was required to report it to the Gratituity
yang berkaitan dengan jabatannya agar melaporkan kepada            Control Unit that had been established. The regulation on the
Unit Pengendali Gratifikasi yang telah dibentuk. Pengaturan        prohibition of gratification was regulated in the Anti-Bribery
larangan gratifikasi diatur dalam Petunjuk Teknis Anti             and Gratituity Technical Instructions Number PT/118/X/2024,
Penyuapan dan Gratifikasi Nomor PT/118/X/2024, tanggal             dated October 23, 2024.
23 Oktober 2024.




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Page 758
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Corporate Governance




Bank Mandiri Taspen telah memiliki beberapa kebijakan             Bank Mandiri Taspen already had several policies related to
yang terkait dengan Pencegahan Korupsi, antara lain dalam         Corruption Prevention, including internal control policies with
kebijakan internal kontrol dengan penerapan Strategi Anti         the implementation of the Anti Fraud Strategy (SAF), Employee
Fraud (SAF), Peraturan Disiplin Pegawai, Code of Conduct,         Discipline Regulations, Code of Conduct, Business Ethics
Etika Bisnis (Business Ethic) serta menyusun Nilai-nilai Budaya   (Business Ethic) and compiling Corporate Cultural Values by
Perusahaan (Corporate Culture) antara lain menanamkan value       instilling the value of integrity from every level of Bank Mandiri
integrity dari setiap jajaran Bank Mandiri Taspen.                Taspen.


Tindakan-tindakan yang dilakukan Bank Mandiri Taspen untuk        The actions taken by Bank Mandiri Taspen to address issues of
mengatasi isu-isu praktek korupsi, secara khusus dalam Code       corrupt practices, specifically in the Code of Conduct, had been
of Conduct telah diatur antara lain sebagai berikut:              regulated by as follows:
a. Larangan menyalahgunakan wewenang dan mengambil                a. Prohibition of abusing authority and taking advantage,
    keuntungan baik langsung maupun tidak langsung, dari              either directly or indirectly, from information obtained from
    informasi yang diperoleh dari kegiatan bisnis Bank untuk:         the Bank’s business activities to:
    1) keuntungan pribadi;                                            1) personal gain;
    2) keuntungan bagi anggota keluarganya;                           2) benefits for family members;
    3) keuntungan bagi pihak-pihak lainnya;                           3) benefits for other parties;
b. Larangan meminta atau menerima, mengizinkan atau               b. Prohibition of requesting or receiving, permitting or
    menyetujui untuk menerima gratifikasi yang berhubungan            agreeing to receive gratuities related to their position and
    dengan jabatannya dan berlawanan dengan kewajibannya              contrary to their obligations in accordance with applicable
    sesuai peraturan perundang-undangan yang berlaku.                 laws and regulations.


   Termasuk pula larangan meminta atau menerima,                       This included the prohibition on requesting or receiving,
   mengizinkan atau menyetujui untuk menerima suatu hadiah             permitting or agreeing to receive a gift or reward from a
   atau imbalan dari pihak ketiga yang mendapatkan atau                third party who obtains or seeks to obtain a facility from
   berusaha mendapatkan fasilitas dari Bank dalam bentuk               the Bank in the form of a credit facility (cash loan and/
   fasilitas kredit (cash loan dan atau non cash loan), atau           or noncash loan), or for the purpose of purchasing or
   dalam rangka pembelian atau pendiskontoan surat-surat               discounting documents, money orders, promissory notes,
   wesel, surat promes, cek dan kertas dagang atau bukti               checks and trading papers or other evidence of obligations,
   kewajiban lainnya, ataupun fasilitas lain yang berkaitan            or other facilities related to the Bank’s operational activities.
   dengan kegiatan operasional Bank.
c. Seluruh jajaran Bank dilarang meminta atau menerima,           c. All levels of the Bank were prohibited from requesting or
   mengizinkan atau menyetujui untuk menerima suatu                  accepting, permitting or agreeing to receive a gift or reward
   hadiah atau imbalan dari pihak ketiga yang mendapatkan            from a third party who obtains or seeks to obtain work
   atau berusaha mendapatkan pekerjaan yang berkaitan                related to the procurement of goods or services from the
   dengan pengadaan barang maupun jasa dari Bank.                    Bank.
d. Dalam rangka pengadaan barang dan jasa dari pihak ketiga       d. In the context of procuring goods and services from third
   untuk keperluan dinas Bank, jajaran Bank harus berusaha           parties for the purposes of the Bank’s service, the Bank’s
   mendapatkan harga terbaik dengan potongan harga                   ranks had to try to get the best price with the maximum
   maksimal. Potongan harga (diskon) yang diperoleh harus            discount. The discount obtained had to be recorded for the
   dibukukan untuk keuntungan Bank.                                  benefit of the Bank.
e. Seluruh jajaran Bank dilarang memanfaatkan kesempatan          e. All levels of the Bank were prohibited from taking advantage
   menggunakan fasilitas Bank untuk keuntungan sendiri di            of the opportunity to use the Bank’s facilities for their own
   luar yang telah disediakan oleh Bank.                             benefit other than those provided by the Bank.




    758                                                                                                          Laporan Tahunan 2025
Page 759
                                                                                                          PT Bank Mandiri Taspen




Strategi Anti Fraud                                                Anti-Fraud Strategy

Sesuai Peraturan Otoritas Jasa Keuangan Republik Indonesia         In accordance with the Regulation of the Financial Service
Nomor 12 Tahun 2024 tentang Penerapan Strategi Anti Fraud          Authority of the Republic of Indonesia Number 12 of 2024
bagi Lembaga Jasa Keuangan (POJK SAF LJK), disampaikan             concerning the Implementation of Anti-Fraud Strategies for
bahwa untuk meminimalisir terjadinya fraud diperlukan              Financial Service Institutions (POJK SAF LJK), it is stated that
penguatan sistem pengendalian intern berupa penerapan              in order to minimize the occurrence of fraud, it is necessary
strategi anti fraud serta Bank wajib menyusun dan menerapkan       to strengthen the internal control system in the form of
strategi anti fraud secara efektif. Menindaklanjuti hal tersebut   implementing anti-fraud strategies and Banks are required
di atas, saat ini Bank telah memiliki Standar Prosedur Strategi    to prepare and implement anti-fraud strategies effectively.
Anti Fraud, Petunjuk Teknis Strategi Anti Fraud dan Petunjuk       Following the above, the Bank had Standard Operating
Teknis Investigasi, yang di dalamnya memuat strategi Bank          Procedures for Anti-Fraud Strategy, Technical Guidelines for
dalam upaya penerapan strategi anti fraud. Penerapan strategi      Anti-Fraud Strategy, and Technical Guidelines for Investigation,
anti fraud sebagai upaya untuk mencegah terjadinya kasus           which contained the Bank’s strategies in implementing anti
penyimpangan operasional pada perbankan dan pelanggaran            fraud strategies. The implementation of anti-fraud strategies
terhadap       ketentuan    peraturan    perundang-undangan,       as an effort to prevent operational deviations in banking and
khususnya fraud, yang dapat mengakibatkan kerugian bagi            violations of legal regulations, especially fraud, which could
Bank, Nasabah, dan/atau pihak lain, diperlukan peningkatan         result in losses to the Bank, Customers, and/or other parties,
efektivitas pengendalian intern, sebagai upaya meminimalisasi      required the enhancement of internal control effectiveness as
risiko fraud dengan cara menerapkan strategi anti fraud.           an effort to minimize fraud risks by implementing anti-fraud
                                                                   strategies.


Selama ini, baik secara langsung maupun tidak langsung,            So far, both directly and indirectly, fraud prevention measures
pelaksanaan pencegahan fraud telah dilaksanakan Bank, antara       had been implemented by the Bank, including through risk
lain melalui penerapan manajemen risiko, khususnya sistem          management implementation, especially internal control
pengendalian intern dan pelaksanaan tata kelola yang baik.         systems, and good governance practices. However, to make the
Namun demikian, agar penerapan strategi anti fraud menjadi         implementation of anti-fraud strategies more effective, efforts
lebih efektif masih diperlukan upaya peningkatan budaya sadar      to enhance a risk-aware culture were still needed so that fraud
risiko agar pencegahan fraud menjadi fokus perhatian dan           prevention became the focus of attention and concern for all
kepedulian bagi seluruh jajaran organisasi Bank, yang antara       levels of the Bank’s organization, which included willingness
lain diwujudkan dengan kesediaan penandatanganan pakta             to sign integrity pacts by the Board of Directors, Board of
integritas oleh Direksi, Dewan Komisaris, dan Pegawai Bank.        Commissioners, and Bank employees.


Berdasarkan SK Direksi No. SKD/008/I/2017 tanggal 31 Januari       Based on Board of Directors Decree No. SKD/008/I/2017 dated
2017, Divisi Internal Audit ditugaskan sebagai unit kerja yang     January 31, 2017, the Internal Audit Division was assigned as
bertanggung jawab atas pengelolaan dan pelaksanaan Strategi        the unit responsible for the management and implementation
Anti Fraud. Divisi Internal Audit bertanggung jawab langsung       of the Anti-Fraud Strategy. The Internal Audit Division reported
kepada Direktur Utama dan melaporkan hasil pengawasannya           directly to the President Director and reported the results of its
ke Dewan Komisaris melalui Komite Audit. Penerapan Strategi        supervision to the Board of Commissioners through the Audit
Anti Fraud ditunjukkan pada gambar sebagai berikut:                Committee. The implementation of the Anti-Fraud Strategy is
                                                                   illustrated in the following diagram:




2025 Annual Report                                                                                                        759
Page 760
Corporate Governance
Corporate Governance




                                    Dewan Komisaris                                                              Direktur Utama
                                  Board of Commissioners                                                        President Director



                    Fungsi Koordinasi Penerapan Strategi Anti Fraud (Divisi Internal Audit)
                Anti Fraud Strategy Implementation Coordination Function (Audit Internal Division)


                                                                                         Investigasi                         Pemantauan Evaluasi
      Pencegahan                                    Deteksi                          Pelaporan & Sanksi                        & Tindak Lanjut
       Prevention                                  Detection                             Investigation                         Evaluation Monitoring
                                                                                      Reports & Sanctions                           & Follow-up




    Anti Fraud Awareness                                                                       Investigasi                             Pemantauan
                                                    Whistleblowing
                                                                                              Investigation                             Monitoring

                                                                                      Divisi Internal Audit, RBC, Fraud         Divisi Internal Audit, RBC, Fraud
       Seluruh Unit Kerja                       Pengelola Eksternal &                 Risk, Central Operation dan Joint         Risk, Central Operation dan Joint
              All Units                               Internal                                    Investigasi                               Investigasi
                                              External & Internal Manager             Internal Audit, RBC, Fraud Risk,           Internal Audit, RBC, Fraud Risk,
                                                                                        Central Operation and Joint                Central Operation and Joint
                                                                                            Investigation Division                     Investigation Division




    Identifikasi Kerawanan                                                                     Pelaporan                                  Evaluasi
       Identify Vulnerabilities
                                              Fraud Detection System
                                                                                               Reporting                                 Evaluation

                                                                                                                               Divisi internal Audit/Dept. OADS*,
                                                                                       Divisi Internal Audit, RBC, Fraud      RBC, Fraud Risk, Central Operation
       Seluruh Unit Kerja                     Divisi Risk Management                        Risk, Central Operation                    dan Joint lnvestigasi
              All Units                        Risk Management Division               Internal Audit Division, RBC, Fraud        Internal Audit Division/OADS*
                                                                                            Risk, Central Operation           Department, RBC, Fraud Risk, Central
                                                                                                                                Operation and Joint Investigation



      Kebijakan Mengenai
            Pegawai                                                                     Pengenaan Sanksi                              Tindak Lanjut
         Policies Regarding
                                                     Suprise Audit
                                                                                      Imposition of Sanctions                           Follow-up
             Employees


  Seluruh Kepala Unit Kerja                      Divisi Internal Audit                      Sesuai SPSDM                           Seluruh Unit Kerja
         All Heads of Units                      Internal Audit Division                  According to SPSDM                            All Units




                                                  Sistem Pengawasan                         Proses Hukum
                                                   Monitoring System                        Legal Process

                                               Divisi Internal Audit, Divisi Risk   Divisi Corporate Secretary
                                                Management dan Divisi RBC
                                                Internal Audit Division, Risk
                                                                                              & Legal
                                               Management Division and RBC            Corporate Secretary & Legal
                                                            Division                           Division




* Pelaksanaan kaji ulang & evaluasi penerapan Strategi Anti Fraud dilakukan oleh    * The review and evaluation of the implementation of the Anti-Fraud Strategy is
  Department Quality Assurance, Development & Support                                 carried out by the Quality Assurance, Development & Support Department



Kebijakan Gratifikasi                                                               Gratification Policy

Dalam menjalankan kegiatan bisnis, Bank tidak dapat terlepas                        In conducting business activities, the Bank cannot be separated
dari interaksi dengan banyak pihak, baik pihak internal Bank                        from interactions with many parties, both internal and external,
maupun pihak eksternal guna menjalin kerjasama bisnis yang                          to establish harmonious, coordinated, and sustainable business
harmonis, serasi dan berkesinambungan. Terkait dengan                               cooperation. Related to business relationships, what often




     760                                                                                                                                 Laporan Tahunan 2025
Page 761
                                                                                                         PT Bank Mandiri Taspen




hubungan bisnis, hal yang sering terjadi dan tidak terhindarkan   occurs and cannot be avoided in daily work activities is the
dalam kegiatan kerja sehari-hari adalah adanya praktik suap       practice of bribery and gratification from one party to another.
dan gratifikasi dari suatu pihak kepada pihak lainnya. Oleh       Therefore, to maintain business relationships within the ethical
sebab itu, untuk menjaga hubungan bisnis tetap berada pada        boundaries and principles of good corporate governance
koridor etika dan prinsip-prinsip tata kelola perusahaan yang     in accordance with SNI ISO 37001 regarding anti-bribery
baik dan sesuai SNI ISO 37001 mengenai sistem manajemen           management systems, regulations regarding anti-bribery and
anti penyuapan, maka diperlukan pengaturan mengenai anti          gratification are needed to govern the reporting procedures in
penyuapan dan gratifikasi yang mengatur tata cara/mekanisme       the Bank’s environment.
pelaporannya di lingkungan Bank.


Bank telah membentuk Unit Pengendali Gratifikasi (UPG) untuk      The Bank has formed a Gratification Control Unit (UPG) to
membangun nilai-nilai GCG dan menanamkan value integrity.         build GCG values and instill integrity values. To ensure that
Untuk memastikan penerapan kebijakan dapat berjalan               the implementation of policies can run well towards Bank
dengan baik terhadap insan Bank tidak menerima dan/atau           personnel, they do not accept and/or provide gratuities related
memberikan gratifikasi yang berhubungan dengan jabatannya         to their positions and contrary to their obligations or duties. In
dan berlawanan dengan kewajiban atau tugasnya. Dalam hal          the event of any receipt of gratuities related to their positions,
terdapat setiap penerimaan gratifikasi yang berkaitan dengan      they must report to the Gratification Control Unit that has
jabatannya agar melaporkan kepada Unit Pengendali Gratifikasi     been formed. The regulation on the prohibition of gratuities
yang telah dibentuk. Pengaturan larangan gratifikasi diatur       is stipulated in the Technical Guidelines on Anti-Bribery and
dalam Petunjuk Teknis Anti Penyuapan dan Gratifikasi Nomor        Gratuities Number PT/118/X/2024, dated October 23, 2024.
PT/118/X/2024, tanggal 23 Oktober 2024.


PENGELOLAAN PENGENDALIAN GRATIFIKASI                              MANAGEMENT OF GRATIFICATION CONTROL


Setiap anggota jajaran Bank Mandiri Taspen yang menerima          All personnel of Bank Mandiri Taspen who received any form of
bingkisan harus segera mengembalikan bingkisan tersebut           gift were required to promptly return such gifts, accompanied
disertai penjelasan secara sopan bahwa seluruh jajaran Bank       by a polite explanation that all personnel were prohibited
tidak diperkenankan menerima bingkisan. Berkenaan dengan          from accepting gratuities. In line with this and the Bank’s
hal tersebut dan komitmen Bank Mandiri Taspen dalam               commitment to Good Corporate Governance, all personnel
melaksanakan Tata Kelola Perusahaan, maka kepada setiap           (Recipients/Reporters) were required to:
jajaran Bank Mandiri Taspen (Penerima/Pelapor) diwajibkan
untuk:
1. Melakukan penolakan atas gratifikasi yang dianggap suap        1. Refuse any gratuity deemed to constitute bribery at the
     pada kesempatan pertama.                                        earliest opportunity.
2. Mengembalikan penerimaan gratifikasi tersebut dalam            2. Return the gratuity within a maximum of 24 hours from
     jangka waktu selambat-lambatnya 24 jam sejak                    receipt, in cases where refusal at the initial opportunity was
     penerimaan, apabila penerimaan gratifikasi tidak dapat          not possible.
     ditolak pada kesempatan pertama.
3. Menyertakan bukti otentik pengembalian gratifikasi             3. Provide authentic evidence of the return of gratuities, such
     misalnya berita acara serah terima pengembalian barang          as a handover report signed by both the recipient and the
     gratifikasi yang ditandatangani oleh penerima dan pemberi       giver, or proof of deposit/transfer in the case of monetary
     atau bukti setoran/transfer jika penerimaan dalam bentuk        gratuities.
     uang.
4. Mengisi formulir gratifikasi secara lengkap dan benar serta    4. Complete the gratuity reporting form accurately and in full,
     menyampaikan kepada UPG dengan melampirkan formulir             and submit it to the Gratuity Control Unit (UPG), attaching
     yang telah ditandatangani berikut soft copy-nya dan             the signed form along with its soft copy and supporting
     dokumen pendukung. Laporan disampaikan melalui sarana           documents. The report was to be submitted via email to
     email dengan alamat lapor.gratifikasi@bankmandiritaspen.        lapor.gratifikasi@bankmandiritaspen.co.id with the subject
     co.id   dan subjek “Pelaporan Gratifikasi” paling lambat        “Gratuity Reporting” no later than 5 (five) working days
     5 (lima) hari kerja sejak penolakan gratifikasi dengan          from the date of refusal, with a copy to the reporter’s Head
     tembusan kepada Kepala Unit Kerja pelapor.                      of Work Unit.




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SOSIALISASI KEBIJAKAN GRATIFIKASI                                        SOCIALIZATION OF GRATIFICATION POLICY


Sosialisasi terkait Anti Penyuapan dan Gratifikasi telah dilakukan       The Bank’s socialization related to Gratuity has been done
oleh Bank Mandiri Taspen, diantaranya melalui penayangan                 well, including through the screening of articles and other
artikel maupun informasi lain terkait dengan Gratifikasi pada            information related to Gratuity on the Bank Mandiri Taspen
website Bank Mandiri Taspen, yang disampaikan pada seluruh               website, which is delivered to all offices, Bank Mandiri internal
kantor, media internal Bank Mandiri Taspen antara lain melalui           media, including Bank Mandiri Taspen portal, Circular Letter to
portal Bank Mandiri Taspen, Surat Edaran kepada segenap                  all Division/ Group/ Unit and leaflets regarding Gratification.
Divisi/Satuan/Unit, maupun leaflet mengenai Gratifikasi.


LAPORAN GRATIFIKASI TAHUN 2025                                           GRATIFICATION REPORTS IN 2025


Adapun Laporan Gratifikasi sampai dengan posisi Desember                 The Gratuity Report as of December 2025 was as follows:
2025, sebagai berikut:

                      Taksiran                                                              Tanggal
             Jenis   Harga (Rp)                                                            Penerimaan
  No         Type    Estimated        Alasan Pemberian        Reason for Provision                          Keterangan            Remarks
                                                                                             Date of
                     Value (IDR)                                                             Receipt

   1     Uang        200.000,00     Membantu nasabah          Provided assistance to a    20 Maret 2025    Telah               Has been
         Money                      pengurusan uang duka      customer in processing      March 20, 2025   dikembalikan        returned to
                                    wafat di Asabri           bereavement benefit                          ke rekening         the customer’s
                                                              funds at Asabri.                             nasabah             account

   2     Makanan     600.000,00     Dilakukan courtesy        Conducted a courtesy        19 Mei 2025      Telah diberikan     It has been
         Food                       meeting antara pelapor    meeting between the         May 19, 2025     dalam rangka        given in the
                                    dan vendor                reporter and a vendor.                       program sosial      framework of a
                                                                                                                               social program

   3     Uang        100.000,00     Mengantarkan buku         Delivered a savings         11 Juli 2025     Telah               Has been
         Money                      tabungan dan formulir     book and account            July 11, 2025    dikembalikan        returned to
                                    mutasi kantor bayar ke    mutation forms to the                        ke rekening         the customer’s
                                    rumah nasabah             customer’s residence.                        nasabah             account

   4     Makanan     650.000,00     Sharing session dengan    Participated in a sharing   19 September     Telah diberikan     It has been
         Food                       bank bjb                  session with bank bjb.      2025             dalam rangka        given in the
                                                                                          September 19,    program sosial      framework of a
                                                                                          2025                                 social program

   5     Barang      2.599.000,00   Diperoleh dari holding    Received from the           20 November      Menjadi milik       Belonging to
         Goods                      company yang              holding company acting      2025             Bank                the Bank
                                    merupakan vendor New      as a vendor for the New     November 20,
                                    Core Banking System       Core Banking System of      2025
                                    PT Bank Mandiri Taspen    Bank Mandiri Taspen.

   6     Barang      9.544.724,69   Diperoleh dari holding    Received from the           20 November      Menjadi milik       Belonging to
         Goods                      company yang              holding company acting      2025             Bank                the Bank
                                    merupakan vendor New      as a vendor for the New     November 20,
                                    Core Banking System       Core Banking System of      2025
                                    PT Bank Mandiri Taspen    Bank Mandiri Taspen.

   7     Makanan     150.000,00     Ucapan terima kasih       Received as a token         27 November      Telah diberikan     It has been
         Food                       dari marketing Koperasi   of appreciation from        2025             dalam rangka        given in the
                                    KSU Gilang Gemilang       the marketing team of       November 27,     program sosial      framework of a
                                                              Koperasi KSU Gilang         2025                                 social program
                                                              Gemilang.

   8     Uang        200.000,00     Ucapan terima kasih       Received as a token         11 November      Dikembalikan ke     Returned to the
         Money                      dari debitur              of appreciation from a      2025             debitur melalui     debtor through
                                                              debtor.                     November 11,     proses transfer     an account
                                                                                          2025             rekening            transfer process

   9     Uang        500.000        Ucapan terima kasih       Received as a token         8 Desember       Dikembalikan ke     Returned to the
         Money                      dari debitur              of appreciation from a      2025             debitur melalui     debtor through
                                                              debtor.                     December 8,      proses transfer     an account
                                                                                          2025             rekening            transfer process




       762                                                                                                                 Laporan Tahunan 2025
Page 763
                                                                                                   PT Bank Mandiri Taspen




Pelatihan/Sosialisasi Anti Korupsi Kepada                      Anti-Corruption Training/Socialization for
Karyawan                                                       Employees

Sampai dengan Semester II/2025, Divisi Compliance telah        Up to Semester II/2025, the Compliance Division conducted
melakukan sosialisasi sebagai berikut:                         socialization activities as follows:
1. 2 (dua) kali melalui wallpaper desktop.                     1. 2 (two) times through desktop wallpaper.
2. 1 (satu) kali melalui media sosial Bank.                    2. 1 (one) time through the Bank’s social media.




3. Surat sebanyak 1 (satu) kali No. DIR.CMC/003/2025           3. Issued 1 (one) circular letter No. DIR.CMC/003/2025
   tanggal 17 Maret 2025 perihal Larangan Pemberian,              dated March 17, 2025 regarding the Prohibition of Giving,
   Permintaan, dan Penerimaan Gratifikasi                         Requesting, and Receiving Gratification
4. Pemutaran     video    dan     pelaksanaan     assessment   4. Video screenings and assessments 2 (two) times within 1
   dilaksanakan 2 (dua) kali dalam 1 (satu) tahun                 (one) year




2025 Annual Report                                                                                               763
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5. Sosialisasi gratifikasi   dengan melakukan pelaksanaan     5. Gratification socialization through Onsite Monitoring
   Onsite Monitoring Review telah dilaksanakan pada 10           Review at 10 (ten) branch offices along with their respective
   (sepuluh) cabang yang disertai Kantor Cabang Pembantu         sub-branch offices, with the following schedule:
   dari masing-masing Kantor Cabang          dengan jadwal
   sebagai berikut:
   a. KC Pekanbaru (19-22 Mei 2025)                              a. Pekanbaru Branch (May 19–22, 2025)
   b. KC Jayapura (14-16 Juli 2025)                              b. Jayapura Branch (July 14–16, 2025)
   c. KC Pontianak (16-18 Juli 2025)                             c. Pontianak Branch (July 16–18, 2025)
   d. KC Jambi (21-24 Juli 2025)                                 d. Jambi Branch (July 21–24, 2025)
   e. KC Palu (15 -18 Sept 2025)                                 e. Palu Branch (September 15–18, 2025)
   f. KC Yogyakarta (18-21 Sept 2025)                            f. Yogyakarta Branch (September 18–21, 2025)
   g. KC Makassar (22-25 Oktober 2025)                           g. Makassar Branch (October 22–25, 2025)
   h. KC Mataram 22-25 Oktober 2025)                             h. Mataram Branch (October 22–25, 2025)
   i. KC Pematangsiantar (11-14 November 2025)                   i. Pematangsiantar Branch (November 11–14, 2025)
   j. KC Cirebon (18-20 November 2025)                           j. Cirebon Branch (November 18–20, 2025)
6. Training Gratifikasi pegawai baru sebagai program Online   6. Gratification training for new employees as part of the
   Onboarding bekerja sama dengan Divisi Human Capital           Online Onboarding program in collaboration with the
   dengan jadwal aktivitas sebagai berikut:                      Human Capital Division, with the following schedule:
   a. Maret 2025 tanggal 18 Maret 2025                           a. March 2025 dated March 18, 2025
   b. April 2025 tanggal 25 April 2025                           b. April 2025 dated April 25, 2025
   c. Mei 2025 tanggal 26 Mei 2025                               c. May 2025 dated May 26, 2025
   d. Juni 2025 tanggal 23 Juni 2025                             d. June 2025 dated June 23, 2025
   e. Juli 2025 tanggal 14 Juli 2025                             e. July 2025 dated July 14, 2025
   f. Agustus 2025 tanggal 13 Agustus 2025                       f. August 2025 dated August 13, 2025
   g. September 2025 tanggal 12 September 2025                   g. September 2025 dated September 12, 2025
   h. Oktober 2025 tanggal 13 Oktober 2025                       h. October 2025 dated October 13, 2025
   i. November 2025 tanggal 14 November 2025.                    i. November 2025 dated November 14, 2025
   j. Desember 2025 tanggal 16 Desember 2025.                    j. December 2025 dated December 16, 2025
   k. Training ODP dan SDP tanggal 18 November 2025.             k. ODP and SDP Training dated November 18, 2025..




    764                                                                                                 Laporan Tahunan 2025
Page 765
                                                                                                                                 PT Bank Mandiri Taspen




Pengelolaan Laporan Harta Kekayaan                                                        Management of Assets Report on State
Penyelenggara Negara (LHKPN)                                                              Property (LHKPN)

Bank Mandiri Taspen dalam kedudukannya sebagai anak                                       Bank Mandiri Taspen, in its capacity as a subsidiary of a State-
perusahaan BUMN, maka Direksi dan Dewan Komisaris tidak                                   Owned Enterprise (SOE), did not require the Board of Directors
memiliki kewajiban menyampaikan laporan LHKPN kepada                                      and Board of Commissioners to submit LHKPN reports to
KPK. Namun demikian sesuai dengan kebijakan internal dari                                 the Corruption Eradication Commission (KPK). However, in
Pemegang Saham Bank Mandiri Taspen yaitu Bank Mandiri                                     accordance with the internal policy of the Shareholder, namely
mewajibkan setiap individu yang ditugaskan sebagai Direktur/                              Bank Mandiri, each individual assigned as a Director/Member
Dewan Komisaris di Entitas Perusahaan Anak wajib melaporkan                               of the Board of Commissioners in Subsidiary Entities was
LHKPN. Sesuai dengan ketentuan tersebut terhadap 8 orang                                  required to submit LHKPN reports. In accordance with this
anggota Direksi dan 7 orang anggota Dewan Komisaris                                       provision, 8 (eight) members of the Board of Directors and 7
yang ditugaskan sebagai pengurus di Bank Mandiri Taspen                                   (seven) members of the Board of Commissioners assigned as
melaporkan LHKPN.                                                                         management at Bank Mandiri Taspen submitted their LHKPN
                                                                                          reports.



Jumlah Penyimpangan (Internal Fraud) dan                                                  Total Development (Internal Fraud) and
Upaya Penyelesaian                                                                        Attention Attempts


                                                                                           Jumlah kasus yang dilakukan oleh
                                                                                           The number of cases committed by

                                                                                                                                Pegawai Tidak Tetap
                                                                                                                                dan Tenaga Kerja Alih
         Internal Fraud Dalam 1 tahun
                                                                       Pengurus                       Pegawai tetap                     Daya
          Internal Fraud Within 1 Year
                                                                       Manager                     Permanent employee              Non-Permanent
                                                                                                                                   Employees and
                                                                                                                                 Outsourced Workers

                                                                2024               2025             2024          2025           2024           2025

 Total Fraud                                                       -                  -               2              5              -              -

 Yang telah diselesaikan
                                                                   -                  -               1              4              -              -
 Resolved

 Dalam proses penyelesaian di internal Bank
                                                                   -                  -               -              -              -              -
 In the process of resolution within the Bank

 Belum diupayakan penyelesaiannya
                                                                   -                  -               -              -              -              -
 Resolution has not been attempted

 Telah ditindak-lanjuti melalui proses hukum.
                                                                   -                  -               1              1              -              -
 Has been followed up through legal process

*) Internal fraud lebih dari Rp 100.000.000,00 (seratus juta rupiah)
*) Internal fraud exceeding IDR 100.000.000.00 (one hundred million Indonesian Rupiah).




Pemberian Dana Kegiatan Sosial dan/atau                                                   Granting of Funds for Social and/or Political
Politik                                                                                   Activities

Sepanjang tahun 2025, Bank Mandiri Taspen telah                                           Throughout 2025, Bank Mandiri Taspen realized Corporate
merealisasikan dana TJSL/CSR sebesar Rp714.979.052,                                       Social Responsibility (TJSL/CSR) funds amounting to
secara rinci informasi terkait realisasi dana kegiatan sosial telah                       IDR714,979,052. Detailed information regarding the realization
disampaikan pada Laporan Keberlanjutan Tahun 2025. Selain                                 of social activity funds was disclosed in the 2025 Sustainability
itu, Bank Mandiri Taspen tidak terlibat dalam pemberian dana                              Report. Furthermore, Bank Mandiri Taspen was not involved in
kegiatan politik.                                                                         any political contributions.




2025 Annual Report                                                                                                                              765
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Penyediaan Dana Kepada Pihak Terkait dan                         Provision of Funds for Related Parties and
Penyediaan Dana Besar                                            Provision of Large Exposures

Bank Mandiri Taspen memiliki kebijakan mengenai penyediaan       Bank Mandiri Taspen has policies regarding the provision of
dana kepada pihak terkait dan penyediaan dana besar,             funds to related parties and the provision of substantial funds,
sebagaimana diatur dalam Manual Ketentuan Kredit. Evaluasi       as provided for in the Credit Provisions Manual. Evaluation and
dan pengkinian atas kebijakan dalam Manual Ketentuan             updating policies in the Credit Policy Manual shall be made
Kredit tersebut dilakukan secara berkala. Pendanaan kepada       periodically. Funding to related parties and to debtors with
pihak terkait dan kepada debitur dengan dana dalam jumlah        large amounts of funds is always done with due observance
besar senantiasa dilakukan dengan memperhatikan prinsip          of prudential principles, and has complied with the provisions
kehati-hatian, serta telah memenuhi ketentuan Otoritas Jasa      of the Financial Services Authority as well as other applicable
Keuangan maupun peraturan perundang-undangan lain yang           laws and regulations, including the Legal Lending Limit (BMPK).
berlaku, antara lain menyangkut aspek Batas Maksimum             In addition, funding to related parties must also be decided by
Pemberian Kredit (BMPK). Selain itu, pendanaan kepada pihak      the Board of Commissioners independently. Throughout 2025,
terkait juga harus diputuskan oleh Dewan Komisaris secara        there was no violation or exceedance of BMPK for the provision
independen. Selama tahun 2025 tidak terdapat pelanggaran         of funds to the Related Party of Bank Mandiri Taspen.
dan/atau pelampauan terhadap BMPK atas penyediaan dana
kepada Pihak Terkait Bank Mandiri Taspen.


Tabel Penyediaan Dana Kepada Pihak Terkait
Table of Provision of Funds for Related Parties

                                                       Jumlah 2025                                 Jumlah 2024
                                                        Total 2025                                  Total 2024

                Penyedia Dan                                      Nominal                                       Nominal
 No
               Fund Provider a                                 (dalam jutaan                                 (dalam jutaan
                                            Number of                                  Number of
                                                                  Rupiah)                                       Rupiah)
                                          Account (NoA)                              Account (NoA)
                                                               Nominal (in IDR                               Nominal (in IDR
                                                                  millions)                                     millions)

       Kepada Pihak Terkait
 1                                                36                  87,975                 43                    62,309
       To Related Parties

       Kepada 20 Debitur Inti
 2                                                27                  64,710                 26                   110,244
       To 20 Core Debtors

       a. Individu
                                                  27                  64,710                 26                   110,244
          Individual

       b. Grup
                                                   0                      0                    0                        0
          Group

       Total Debitur Inti
                                                  63                 152,685                 69                  172,553
       Total Core Debtors




Buyback Saham dan Buyback Obligasi                               Buyback of Stock and Buyback of Bonds

Selama tahun 2025 tidak terdapat buyback saham maupun            Throughout 2025, there were no share buybacks or bond
buyback obligasi.                                                buybacks.



Rencana Strategis Bank                                           Bank’s Strategic Plan

Informasi terkait Rencana Strategis Bank dapat dilihat pada      Information regarding the Bank’s Strategic Plan can be found
Bab Analisis dan Pembahasan Manajemen dalam Laporan              in the Management Discussion and Analysis section of this
Tahunan ini.                                                     Annual Report.




     766                                                                                                   Laporan Tahunan 2025
Page 767
                                                                                                         PT Bank Mandiri Taspen




Transaksi yang Mengandung Benturan                               Transactions That Contained Conflicts of
Kepentingan                                                      Interest

Sepanjang tahun 2025 tidak terdapat benturan kepentingan         Throughout 2025, there were no conflicts of interest involving
yang melibatkan manajemen perusahaan yang menimbulkan            company management that caused losses to the Bank.
kerugian pada Bank.



                                             Nama dan Jabatan                          Nilai Transaksi
    Nama dan Jabatan yangMemiliki
                                                 Pengambil        Jenis Transaksi     (jutaan Rupiah)          Keterangan
       Benturan Kepentingan
                                                 Keputusan          Transaction         Transaction            Information
    Names and Positions That Have
                                             Name and Position          Type             Value (IDR
         Conflicts of Interest
                                             of Decision Maker                            millions)

                     -                               -                    -                   -                      -




Perselisihan Internal                                            Internal Disputes

Dalam perjalanan operasional Bank Mandiri Taspen sepanjang       Throughout 2025, in the course of its operations, Bank
tahun 2025 tidak terdapat perselisihan internal sebagai          Mandiri Taspen did not experience any internal disputes
bentuk intervensi dari pemegang saham baik itu terhadap          arising from shareholder intervention, including those related
permasalahan yang disebabkan oleh kebijakan remunerasi yang      to remuneration policies adopted by the Bank, except in the
telah diambil Bank, kecuali dalam hal tugas dan pengawasan       context of duties and performance oversight of the Company
kinerja Perseroan yang dilakukan ditetapkan pada Rapat Umum      as determined in the General Meeting of Shareholders (GMS).
Pemegang Saham (RUPS).



Pencegahan Transaksi Orang Dalam                                 Prevention of Insider Transactions (Insider
(Insider Trading)                                                Trading)

Ketentuan internal terkait tindakan Insider Trading yang         Internal provisions related to Insider Trading actions carried out
dilakukan oleh orang dalam Bank Mandiri Taspen tertuang          by people within Bank Mandiri Taspen were contained in the
pada Arsitektur Kebijakan Bank Mandiri Taspen yang mengatur      Bank Mandiri Taspen Policy Architecture which regulated the
sebagai berikut:                                                 following:


Dalam menjaga jajaran Bank dari perilaku insider, maka:          In safeguarding the Bank’s ranks from insider behavior, then:
a. Jajaran Bank yang memiliki informasi rahasia tidak            a. Bank officials who had confidential information were
    diperkenankan menggunakan informasi tersebut untuk               not allowed to use the information to take advantage of
    mengambil keuntungan bagi dirinya sendiri, keluarganya           themselves, their families or other third parties, by:
    atau pihak ketiga lainnya, dengan:
    1) mempengaruhi nasabah atau individu atau institusi            1) Influence customers or individuals or institutions in
        dalam melakukan transaksi dengan Bank.                           conducting transactions with the Bank.
    2) menyebarluaskan informasi tersebut kepada nasabah            2) Disseminate the information to customers or individuals
        atau individu atau institusi.                                    or institutions.
b. Jajaran Bank dilarang menyalahgunakan posisinya dan           b. Bank employees were prohibited from abusing their
    mengambil keuntungan baik langsung maupun tidak                 position and taking advantage, either directly or indirectly,
    langsung bagi dirinya sendiri, anggota keluarganya              for themselves, their family members or other parties and/
    ataupun pihak-pihak lainnya dan/atau mempengaruhi               or influence the decision process relating to themselves.
    proses keputusan yang berhubungan dengan dirinya.
c. Pengambilan keputusan untuk menjual atau membeli              c.   Decisions to sell or buy Bank assets and other services had
    aset Bank serta jasa lainnya harus dilakukan dengan               to be made with priority to the interests of the Bank without
    mengutamakan kepentingan Bank tanpa dipengaruhi oleh              being influenced by Insiders.
    Insider.


Selama tahun 2025 tidak terdapat insider trading.                Throughout 2025, there were no instances of insider trading.




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Transparansi Kondisi Keuangan dan Non                            Transparency of Bank Financial and Non-
Keuangan                                                         Financial Condition

Bank menyampaikan pelaporan kondisi keuangan dan non             Bank presents the financial and non-financial condition
keuangan kepada stakeholders serta publik antara lain            reporting to the stakeholders and public, among others,
melalui Laporan Keuangan Publikasi Triwulanan dan laporan        through Quarterly Published Financial Report and Audited
yang diaudit tahunan. Bank Mandiri Taspen menyusun dan           Annual Report. Bank Mandiri Taspen prepares and presents the
menyajikan laporan keuangan dengan tata cara dan cakupan         financial statement with the following procedures and coverage
sebagaimana yang diatur dalam Ketentuan Otoritas Jasa            as provided in the Rules of Financial Services Authority, which
Keuangan, meliputi:                                              include:
1. Laporan Tahunan yang diaudit                                  1. Audited Annual Report
   Laporan Tahunan dimaksud antara lain mencakup:                    Annual Report referred to, include:
   a. Ikhtisar data keuangan penting termasuk kepemilikan            a. Summary of financial data highlight including shares
        saham, laporan Dewan Komisaris, Laporan Direksi,                  ownership, Board of Commissioners’ report, Board
        Profil Perusahaan, Laporan Analisis dan pembahasan                of Directors’ report, Company profile, Analysis and
        manajemen mengenai kinerja bisnis dan keuangan, tata              management discussion Report regarding business
        kelola perusahaan.                                                and financial performance, corporate governance.
   b. Laporan Keuangan Tahunan yang telah diaudit oleh               b. Annual Financial Statement audited by Public
        Akuntan Publik dan Kantor Akuntan Publik yang                     Accountant and Public Accounting Firm which is
        terdaftar di Otoritas Jasa Keuangan dan dibuat untuk 1            registered in the Financial Services Authority and
        (satu) Tahun Buku dan disajikan dengan perbandingan               made for 1 (one) Accounting Year and presented with
        1 (satu) tahun buku sebelumnya.                                   comparison to 1 (one) previous accounting year.
   c. Pernyataan tanggung jawab Dewan Komisaris dan                  c. Statement of responsibilities of the Board of
        Direksi atas kebenaran isi Laporan Tahunan. Pernyataan            Commissioners and Board of Directors concerning the
        tersebut dituangkan dalam lembar pernyataan yang                  truth of the Annual Report’s content. The statement is
        dibubuhi tanda tangan oleh seluruh anggota Dewan                  written in a statement sheet signed by all members of
        Komisaris dan Direksi.                                            the Board of Commissioners and Board of Directors.
2. Laporan Keuangan Publikasi Triwulanan                         2. Quarterly Published Financial Report
   a. Bank Mandiri Taspen telah mengumumkan Laporan                  a. Bank Mandiri Taspen has announced the Quarterly
        Keuangan Publikasi secara triwulanan sesuai dengan                Published Financial Report with relevant provisions.
        ketentuan terkait. Laporan ditandatangani oleh 2 (dua)            The report is signed by 2 (two) members of Bank
        orang anggota Direktur Bank Mandiri Taspen .                      Mandiri Taspen’s Board of Directors.
   b. Bank Mandiri Taspen telah mempublikasikan informasi            b. Bank Mandiri Taspen has published financial and
        keuangan dan non keuangan dalam homepage/                         nonfinancial information in the homepage/ website
        website yaitu http://www.bankmandiritaspen.co.id dan              which is https://www.bankmandiritaspen.co.id/ and
        mempublikasikan sekurang-kurangnya pada satu surat                published at least in one newspaper in Indonesian
        kabar berbahasa Indonesia yang memiliki peredaran                 language which have a wide circulation in the domicile
        luas di tempat kedudukan Kantor Pusat Bank Mandiri                of Bank Mandiri Taspen Head Office.
        Taspen .
3. Laporan Keuangan Publikasi Bulanan                            3. Monthly Published Financial Report
   Bank Mandiri Taspen telah menyusun dan menyampaikan              Bank Mandiri Taspen has prepared and presented Monthly
   Laporan Keuangan Publikasi Bulanan dalam format Laporan          Published Financial Report in Commercial Bank Monthly
   Bulanan Bank Umum (LBU) sesuai dengan peraturan dari             Report (LBU) format in accordance with the rules from
   Otoritas Jasa Keuangan. Selanjutnya, laporan tersebut            Financial Services Authority. Further, the report is made
   dijadikan sebagai dasar oleh Otoritas Jasa Keuangan untuk        as a basis by the Financial Services Authority to publish
   mempublikasikan laporan keuangan bulanan di website              monthly financial report in the website of Financial Services
   Otoritas Jasa Keuangan.                                          Authority.
4. Laporan Non-Keuangan Bank Mandiri Taspen                      4. Bank Mandiri Taspen’s Non-Financial Report
   Bank Mandiri Taspen            telah memberikan informasi        Bank Mandiri Taspen has provided information concerning
   mengenai produk Bank Mandiri Taspen secara jelas, akurat         Bank Mandiri Taspen’s product in a clear, accurate and
   dan terkini. Informasi ini dapat diperoleh secara mudah          updated manner. This information can be easily obtained
   oleh nasabah seperti leaflet, brosur atau bentuk tertulis        by the customers such as leaflet, brochures or other written
   lainnya di setiap kantor cabang Bank Mandiri Taspen pada         forms in every branch office of Bank Mandiri Taspen in
   lokasi-lokasi yang mudah diakses oleh nasabah dan/atau           locations that are easily accessible by the customers and/
   dalam bentuk informasi secara elektronis yang disediakan         or in the form of electronic information provided through




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                                                                                                        PT Bank Mandiri Taspen




   melalui hotline service/call center atau website. Selain itu       hotline service/ call centre or website. In addition to that,
   Bank Mandiri Taspen menyediakan dan menginformasikan               Bank Mandiri Taspen provides and informs the procedure of
   tata cara pengaduan nasabah dan penyelesaian sengketa              customers’ complaints and dispute resolution in accordance
   kepada nasabah sesuai ketentuan Otoritas Jasa Keuangan             with the requirement of the Financial Services Authority
   tentang pengaduan nasabah dan mediasi perbankan.                   concerning customers’ complaints and banking mediation.


Sehubungan dengan hal-hal tersebut di atas, Bank Mandiri          In relation to the above matters, Bank Mandiri Taspen has
Taspen telah melakukan hal-hal sebagai berikut:                   performed the following things:
1. Menyusun dan menyajikan laporan dengan tata cara, jenis        1. To prepare and present the report with procedures,
   dan cakupan sebagaimana diatur dalam ketentuan Otoritas            type and coverage as provided in the requirement of the
   Jasa Keuangan tentang Transparansi Kondisi Keuangan                Financial Services Authority concerning the Transparency
   Bank.                                                              of the Bank’s Financial Condition.
2. Menyediakan tata cara pengaduan nasabah dan                    2. To provide procedures customers’ complaints and dispute
   penyelesaian sengketa bagi nasabah sesuai ketentuan                resolution in accordance with the requirement of the
   Otoritas Jasa Keuangan tentang Pengaduan Nasabah dan               Financial Services Authority concerning Customers’
   Mediasi Perbankan.                                                 Complaints and Banking Mediation.
3. Mempublikasikan secara transparan kondisi keuangan dan         3. To publish transparently the financial and nonfinancial
   non-keuangan kepada stakeholders, antara lain Laporan-             condition to the stakeholders, among others are, Periodic
   laporan Keuangan Berkala, Pelaporan Rutin BMPK kepada              Financial Reports, LLL Routine Reporting to the Financial
   Otoritas Jasa Keuangan, Laporan Keuangan Publikasi                 Services Authority, Quarterly Published Financial Report,
   Triwulanan, serta menayangkannya pada website sesuai              and present them in the website according to the applicable
   ketentuan yang berlaku.                                           requirements.
4. Mempublikasikan informasi produk Bank Mandiri Taspen           4. To publish the information of Bank Mandiri Taspen’s product
   dan Suku Bunga Dasar Kredit (SBDK) sesuai ketentuan               and Basic Credit Interest Rate (SBDK) in accordance
   Otoritas Jasa Keuangan tentang transparansi Informasi             with the requirement of the Financial Services Authority
   Produk Bank dan Penggunaan Data Pribadi Nasabah.                  concerning Transparency of Bank’s Product Information
                                                                     and Use of Customers’ Personal Data.
5. Menyampaikan Laporan Tahunan kepada Otoritas Jasa              5. To deliver the Annual Report to the Financial Services
   Keuangan, regulator dan lembaga-lembaga lainnya seperti           Authority, regulators and other institutions as required or
   yang dipersyaratkan ataupun yang dipandang perlu                  deemed necessary to receive it.
   mendapatkannya.
6. Mengungkapkan Struktur Transparansi Kepemilikan pada           6. To disclose the Transparency Structure of Ownership in the
   Laporan Tahunan dan website Bank Mandiri Taspen .                 Annual Report and Bank Mandiri Taspen’s website.



Penerapan Keuangan Berkelanjutan,                                 Implementation of Sustainable Finance,
Termasuk Penerapan Tanggung Jawab                                 Including Corporate Social Responsibility
Sosial

Bank Mandiri Taspen senantiasa mengimplementasikan                Bank Mandiri Taspen always implemented and integrated
keuangan berkelanjutan dan mengintegrasikannya ke dalam           sustainable finance into the Bank’s strategy and business
strategi maupun proses bisnis Bank. Bank Mandiri Taspen telah     processes. Bank Mandiri Taspen had sustainability pillars,
memiliki pilar keberlanjutan yang merupakan implementasi atas     which were the implementation of the Bank’s vision and
visi dan misi Bank dalam menerapkan keuangan berkelanjutan.       mission in implementing sustainable finance. The Sustainability
Pilar Keberlanjutan yang dimiliki meliputi Pilar Sustainable      Pillars included the Sustainable Business Pillar, Sustainable
Business, Sustainable Operation, dan Sustainability Beyond        Operation, and Sustainability Beyond Banking. Bank Mandiri
Banking. Pilar keberlanjutan Bank Mandiri Taspen senantiasa       Taspen’s sustainability pillars were always used by the Bank
digunakan Bank dalam merumuskan strategi keberlanjutan.           in formulating sustainability strategies. The integration of
Pengintegrasian prinsip keuangan berkelanjutan ke dalam           sustainable finance principles into the Bank’s strategy and
strategi maupun proses bisnis Bank berlandaskan pada prinsip      business processes was based on the principles of integrity,
integritas, transparansi, dan akuntabilitas.                      transparency, and accountability


Informasi rinci terkait Penerapan Keuangan Berkelanjutan,         Detailed information regarding the implementation of
Termasuk Penerapan Tanggung Jawab Sosial telah disampaikan        Sustainable Finance, including the implementation of Social
pada Laporan Keberlanjutan tahun 2025.                            Responsibility, has been disclosed in the 2025 Sustainability
                                                                  Report.




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Page 770
Corporate Governance
Corporate Governance




Kelompok Usaha Bank                                                Bank Business Group

Sebagai anggota Kelompok Usaha Bank (KUB) Bank                     As a member of the Bank Mandiri Bank Business Group
Mandiri, Bank Mandiri Taspen menerapkan tata kelola secara         (KUB), Bank Mandiri Taspen consistently and sustainably
konsisten dan berkelanjutan guna memastikan prinsip Tata           implements good corporate governance to ensure the optimal
Kelola Perusahaan yang Baik telah terlaksana secara optimal.       implementation of Good Corporate Governance principles. This
Penerapan tersebut bertujuan menciptakan keselarasan               implementation aims to create strategic alignment, strengthen
strategis, memperkuat mitigasi risiko, serta mendukung             risk mitigation, and support the sustainability and growth of a
keberlanjutan dan pertumbuhan Kelompok Usaha Bank yang             healthy, prudent, and competitive Bank Business Group.
sehat, prudent, dan berdaya saing.


Pada Tahun 2025, Struktur KUB Bank Mandiri sebagai berikut:        By 2025, the structure of the Bank Mandiri KUB will be as
                                                                   follows:

                                                                                Perusahaan Anak
                                                                               Subsidiary Company
           Perusahaan Induk
                                         No
           Parent Company
                                                         Nama Perusahaan                         % Kepemilikan Saham
                                                          Company Name                              % Shareholding

                                          1    PT Bank Syariah Indonesia Tbk                             51,47%

      PT Bank Mandiri (Persero) Tbk       2    PT Bank Mandiri Taspen                                   51,098%

                                          3    Bank Mandiri (europa) Limited                            100,00%




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                                                                                                      PT Bank Mandiri Taspen




Penerapan Tata Kelola Terintegrasi                             Implementation of Integrated Governance

Sesuai dengan Peraturan Otoritas Jasa Keuangan No.18/          In accordance with the Financial Services Authority Regulation
POJK.03/2014 tentang Penerapan Tata Kelola Terintegrasi        No.18/POJK.03/2014 on the Implementation of Integrated
Bagi Konglomerasi Keuangan dan Surat Edaran Otoritas           Governance for Financial Conglomeration and Circular of
Jasa Keuangan No.15/SEOJK.03/2015 tentang Penerapan            the Financial Services Authority No.15/SEOJK.03/2015
Tata Kelola Terintegrasi Bagi Konglomerasi Keuangan, Bank      on Integrated Governance Implementation for Financial
Mandiri sebagai Entitas Utama telah menerapkan Tata Kelola     Conglomeration, Bank Mandiri as the Primary Entity has
Terintegrasi yang meliputi:                                    implemented an Integrated Governance which includes:
1. Persyaratan Direksi Entitas Utama dan Dewan Komisaris       1. Requirements of the Directors of the Main Entities and the
    Entitas Utama.                                                 Board of Commissioners of the Main Entity.
2. Tugas dan tanggung jawab Direksi dan Dewan Komisaris        2. Duties and responsibilities of Directors and Board of
    Entitas Utama.                                                 Commissioners of the Main Entities.
3. Tugas dan tanggung jawab Komite Tata Kelola Terintegrasi.   3. Duties and responsibilities of Integrated Governance
                                                                   Committee.
4. Tugas dan tanggung jawab Satuan Kerja Kepatuhan             4. Duties and responsibilities of Integrated Compliance Unit.
   Terintegrasi.
5. Tugas dan tanggung jawab Satuan Kerja Audit Intern          5. Duties and responsibilities of Integrated Internal Audit Unit.
   Terintegrasi.
6. Penerapan Manajemen Risiko Terintegrasi.                    6. Application of Integrated Risk Management.
7. Penyusunan dan pelaksanaan pedoman tata kelola              7. Preparation and implementation of integrated governance
   terintegrasi.                                                  guidelines.


Dalam menerapkan Tata Kelola Perusahaan Terintegrasi,          In implementing the Integrated Corporate Governance, Bank
PT Bank Mandiri (Persero) Tbk. sebagai Entitas Utama           Mandiri (Persero) Tbk as the Primary Entity holds the following
memegang teguh hal-hal sebagai berikut:                        matters:
1. Perusahaan Anak merupakan entitas terpisah dari Bank        1. Subsidiary Company is a separate entity from Bank Mandiri
    Mandiri dan memiliki tanggung jawab hukum tersendiri.          and has its own legal responsibilities.
2. Pengelolaan oleh Entitas Utama terhadap Perusahaan-         2. Management by the Primary Entity of Subsidiaries is
    Perusahaan Anak dilakukan secara profesional dan tidak         conducted professionally and does not intervene into the
    melakukan intervensi ke dalam operasioal Perusahaan            operations of the Subsidiary Company.
    Anak.
3. Pengelolaan oleh Entitas Utama terhadap Perusahaan          3. Management by the Main Entity of the Subsidiary Company
    Anak dilakukan tanpa mengesampingkan tugas dan                shall be conducted without prejudice to the duties and
    tanggung jawab Direksi dan Dewan Komisaris masing-            responsibilities of the Board of Directors and Board of
    masing Perusahaan Anak sesuai Anggaran Dasar.                 Commissioners of each Subsidiary Company in accordance
                                                                  with the Articles of Association.


Framework Tata Kelola Terintegrasi                             Integrated Governance Framework

Pelaksanaan Tata Kelola Terintegrasi pada Bank Mandiri         The implementation of Integrated Governance at Bank Mandiri
Taspen mengacu pada framework Tata Kelola Terintegrasi Bank    Taspen referred to the Integrated Governance framework of
Mandiri, yang dijelaskan pada gambar di bawah ini.             Bank Mandiri, as illustrated in the figure below.




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Page 772
Corporate Governance
Corporate Governance




        Dewan Komisaris Perusahaan Anak
     Board of Commissioners of the Subsidiaries
                                                                                                                                          1. Mengevaluasi TKT
                                                                                                                                          2. Merekomendasikan penyempurnaan pedoman TKT
                                                                                                 REKOMENDASI                              1. Evaluating GCG
                                                                                              RECOMMENDATION                              2. Recommend improvement on GCG Guideline


                                                                                                   DEWAN KOMISARIS ENTITAS UTAMA
                                                                                                Board of Commissioners of the Main Entity


                                                                                  FEEDBACK:                                       MENYAMPAIKAN/PRESENTING:
                                                                                  1. Mengevaluasi pelaksanaan TKT                 1. Laporan penilaian TKT
                                                                                  2. Memberikan arahan                            2. Laporan tahunan penerapan TKT
                                                                                  3. Menyetujui pedoman TKT                       1. GCG Assessment
                                                                                  1. Evaluate GCG implementation                  2. Annual GCG Implementation
                                                                                  2. Give Direction
                                                                                  3. Approving GCG Guidelines
                          TEMBUSAN/




                                                                                                          DIREKSI ENTITAS UTAMA
                            COPY:




                                                                                                                                                                         REPORTING (Compliance Report)
                                                                                                     Board of Directors of the Main Entity




                                                                                                                                                                          PELAPORAN (Lap. Kepatuhan
                                                                                     1. Menyusun Pedoman TKT                      1. Compiling GCG Guidelines
                                                                                     2. Menindaklanjuti arahan                    2. Follow up the Board of
                               REPORTING (Integrated Audit Report) Terintegrasi




                                                                                                                                                                                 Terintegrasi)
                                                                                        Dewan Komisaris                              Commissioners’ instruction
                                                                                     3. Mengevaluasi penerapan TKT                3. Evaluate GCG implementation
                                                                                     4. Menindaklanjuti temuan dan                4. Follow up SKAIT & SKKT
                                   PELAPORAN (Lap. Audit Terintegrasi)




                                                                                        rekomendasi SKAIT & SKKT                     findings and recommendation




                                                                                                                      Direktur Utama
                                                                                                                     President Director


                                                                                           PELAPORAN /                            PELAPORAN / REPORTING
                                                                                              REPORTING                           1. Lap. Kepatuhan Terintegrasi
                                                                                           Lap. Audit                             2. Lap. Penilaian TKT
                                                                                              InternTerintegrasi/                 3. Lap. Tahunan TKT
                                                                                           Integrated Internal Audit              1. Integrated compliance
                                                                                                                                  2. GCG Assessment
                                                                                                                                  3. GCG Annual Report




                                                                                           Direktur Pengawas                       Direktur Kepatuhan
                                                                                            Perusahaan Anak                       Dan Risk Management
                                                                                        Director of Supervising of                Director of Compliance
                                                                                               Subsidiary                         And Risk Management




                                                                                     PELAPORAN /                                    PELAPORAN /        PELAPORAN /
                                                                                       REPORTING                                     REPORTING          REPORTING
                                                                                  Lap. Audit Terintegrasi                           Lap. Kepatuhan           Lap.
                                                                                    disampaikan juga                                 Terintegrasi/       Manajemen
                                                                                     kepada Direktur                                  Integrated            Risiko
                                                                                  Kepatuhan/ Integrated                               compliance         Terintegrasi/
                                                                                  Audit (also delivered to                                             Integrated Risk
                                                                                   Compliance Director)                                                 Management
                                                                                                                                                                         PELAPORAN / REPORTING
                                                                                             SKAIT                         SKKT                      SKMRT               1. Laporan penilaian TKT
     PELAPORAN / REPORTING                                                                                                                                               2. Laporan tahunan penerapan
     a. Lap. Fungsi Kepatuhan                                                                                                                                               TKT
     b. Lap. Fungsi Internal Audit                                                       Memantau dan                  Memantau dan             Memantau dan
                                                                                      mengevaluasi audit               mengevaluasi              mengevaluasi            1. Assessment report GCG
     c. Lap. Fungsi Manajemen                                                                                                                                            2. Annual GCG Implementation
        Risiko                                                                          intern pada PA/               fungsi pada PA/             penerapan
                                                                                      Monitor & Evaluate             Monitor & Evaluate        Manajemen Risiko             Report
     a. Compliance Function                                                            Internal Audit PA                Fuction PA             pada PA/ Monitor
     b. Internal Audit Function                                                                                                                 & Evaluate Risk
     c. Risk Management                                                                                                                          Management
        Function                                                                                                                              Implementation PA




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                                                                                                                       PT Bank Mandiri Taspen




Assessment Tata Kelola Terintegrasi                                         Integrated Governance Assessment


                                             Aspek
  No                                                                                               I/2025                       II/2025
                                             Aspect

           Direksi
   1                                                                                                 1.11                         1.56
           Board of Directors

           Dewan Komisaris
   2                                                                                                 1.80                         1.60
           Board of Commissioners

           Dewan Pengawas Syariah
   3                                                                                                 N/A                          N/A
           Sharia Supervisory Board

           Komite Tata Kelola Terintegrasi
   4                                                                                                 1.00                         1.00
           Integrated Governance Committee

   5       SKK (T)                                                                                   1.25                         1.75

   6       SKAI (T)                                                                                  1.17                         1.17

   7       PMR (T)                                                                                   1.40                         1.40

           Pedoman TK (T)
   8                                                                                                 1.00                         1.33
           TK Guidelines (T)

           Benturan Kepentingan
   9                                                                                                 1.00                         1.00
           Conflict of Interest

           Kebijakan Remunerasi
  10                                                                                                 1.00                         1.00
           Remuneration Policy

                                      NILAI AKHIR
                                                                                                     1.19                         1.31
                                      FINAL SCORE




                                                          Hasil Penilaian Sendiri
                                                   Pelaksanaan Tata Kelola Terintegrasi
                                                          Self-Assessment Result
                                                  Integrated Governance Implementation

   Peringkat
                                         Definisi Peringkat                                              Rating Definition
    Rating

                      Konglomerasi Keuangan dinilai telah melakukan penerapan        The Financial Conglomeration was assessed to have
                      Tata Kelola Terintegrasi yang secara umum sangat baik. Hal     implemented Integrated Governance at a generally very good
                      ini tercermin dari pemenuhan yang sangat memadai atas          level. This was reflected in the very adequate fulfillment of
                      penerapan prinsip Tata Kelola Terintegrasi. Apabila terdapat   the Integrated Governance principles. Where weaknesses in
       1 (1.31)
                      kelemahan dalam penerapan Tata Kelola Terintegrasi, secara     the implementation of Integrated Governance existed, such
                      umum kelemahan tersebut tidak signifikan dan dapat segera      weaknesses were generally not significant and could be
                      dilakukan perbaikan oleh Entitas Utama dan/atau LIK.           promptly addressed by the Main Entity and/or other entities
                                                                                     within the Financial Conglomeration.




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Page 774
Corporate Governance
Corporate Governance




Penerapan Pedoman
Tata Kelola Perusahaan Terbuka
Implementation of Public Company Corporate Governance Guidelines



                                       Aspek; Prinsip; Rekomendasi
   No                                                                                                                Comply or Explain
                                   Aspects; Principles; Recommendations

 A.         Aspek 1: Hubungan Perusahaan Terbuka Dengan Pemegang Saham Dalam Menjamin Hak-Hak Pemegang Saham.
            Aspect 1: Relationship of Public Company with Shareholders in Guaranteeing the Rights of Shareholders

 A.1.             Prinsip 1: Meningkatkan Nilai Penyelenggaraan Rapat Umum Pemegang Saham (RUPS).
                  Principle 1: Increasing the Value of the General Meeting of Shareholders (GMS) Holding.

 A.1.1.                  Rekomendasi 1:          Perusahaan Terbuka memiliki cara atau prosedur              Terpenuhi (comply)
                                                 teknis pengumpulan suara (voting) baik secara terbuka       Perseroan telah membuat Tata Tertib
                                                 maupun tertutup yang mengedepankan independensi,            RUPS dan dibagikan kepada Pemegang
                                                 dan kepentingan pemegang saham.                             Saham pada saat pelaksanaan RUPS.
                         Penjelasan:             Setiap saham dengan hak suara yang dikeluarkan
                                                 mempunyai satu hak suara (one share one vote).
                                                 Pemegang saham dapat menggunakan hak suaranya
                                                 pada saat pengambilan keputusan, terutama dalam
                                                 pengambilan keputusan dengan cara pengumpulan
                                                 suara    (voting).   Namun   demikian,    mekanisme
                                                 pengambilan keputusan dengan cara pengumpulan
                                                 suara (voting) baik secara terbuka maupun tertutup
                                                 belum diatur secara rinci.
                                                 Perusahaan Terbuka direkomendasikan mempunyai
                                                 prosedur pengambilan suara dalam pengambilan
                                                 keputusan atas suatu mata acara RUPS. Adapun
                                                 prosedur pengambilan suara (voting) tersebut harus
                                                 menjaga independensi ataupun kebebasan pemegang
                                                 saham. Sebagai contoh, dalam pengumpulan suara
                                                 (voting) secara terbuka dilakukan dengan cara
                                                 mengangkat tangan sesuai dengan instruksi pilihan
                                                 yang ditawarkan oleh pimpinan RUPS. Sedangkan,
                                                 dalam pengumpulan suara (voting) secara tertutup
                                                 dilakukan pada keputusan yang membutuhkan
                                                 kerahasiaan ataupun atas permintaan pemegang
                                                 saham, dengan cara menggunakan kartu suara ataupun
                                                 dengan penggunaan electronic voting.

                         Recommendation 1:       Public Company has technical ways or procedures for         Complied
                                                 voting both in an open and closed manner that prioritize    The Company had established Rules
                                                 independence and the interests of shareholders.             of Procedure for the General Meeting
                                                                                                             of Shareholders (GMS) and distributed
                         Explanation:            Each share with issued voting rights has one voting         them to shareholders during the
                                                 right (one share, one vote). Shareholders can exercise      conduct of the GMS.
                                                 their voting rights during decision-making, especially
                                                 in making decisions through voting. However, the
                                                 mechanism for decisionmaking through voting, both in
                                                 an open and closed manner, has not been regulated in
                                                 detail.
                                                 Public Companies are recommended to have a voting
                                                 procedure in making decisions on an agenda of the GMS.
                                                 The voting procedure must maintain the independence
                                                 or freedom of shareholders. For ex-ample, voting is
                                                 held openly by raising hands following the instructions
                                                 offered by the chairman of the GMS. Meanwhile, voting
                                                 in a closed manner is carried out on decisions that
                                                 require confidentiality or at the request of shareholders
                                                 by using ballots or electronic voting.




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                                                                                                                  PT Bank Mandiri Taspen




                                  Aspek; Prinsip; Rekomendasi
   No                                                                                                          Comply or Explain
                              Aspects; Principles; Recommendations

 A.1.2.              Rekomendasi 2:      Seluruh anggota Direksi dan anggota Dewan Komisaris          Terpenuhi (comply)
                                         Perusahaan Terbuka hadir dalam RUPS Tahunan.                 Seluruh anggota Direksi dan anggota
                     Penjelasan:         Kehadiran seluruh anggota Direksi dan anggota Dewan          Dewan     Komisaris   hadir   untuk
                                         Komisaris Perusahaan Terbuka bertujuan agar setiap           menyampaikan laporan/paparan terkait
                                         anggota Direksi dan anggota Dewan Komisaris dapat            kegiatan perseroan selama 1 tahun
                                         memperhatikan, menjelaskan, dan menjawab secara              buku termasuk pengawasan oleh
                                         langsung permasalahan yang terjadi atau pertanyaan           Dewan Komisaris.
                                         yang diajukan oleh pemegang saham terkait mata acara
                                         dalam RUPS.

                     Recommendation 2:   All members of the Board of Directors and the Board          Complied
                                         of Commissioners of Public Company participate in the        All members of the Board of Directors
                                         Annual GMS                                                   and the Board of Commissioners were
                     Explanation:        The presence of all members of the Board of Directors        present to deliver reports/presentations
                                         and members of the Board of Commissioners of Public          on the Company’s activities for the
                                         Company has an aim. It is to ensure that every member        financial year, including the supervisory
                                         of the Board of Directors and members of the Board of        activities carried out by the Board of
                                         Commissioners can pay attention, explain, and directly       Commissioners.
                                         answer the problems that occur or the questions asked
                                         by shareholders related to the agenda in the GMS.

 A.1.3.              Rekomendasi 3:      Ringkasan risalah RUPS tersedia dalam Situs Web              Terpenuhi (comply)
                                         Perusahaan Terbuka paling sedikit selama 1 (satu)            Hasil   keputusan    RUPS   telah
                                         tahun.                                                       disampaikan kepada para Pemegang
                     Penjelasan:         Berdasarkan ketentuan dalam Pasal 34 ayat (2)                Saham melalui web Bank
                                         Peraturan Otoritas Jasa Keuangan Nomor 32/
                                         POJK.04/2014 tentang Rencana dan Penyelenggaraan
                                         Rapat Umum Pemegang Saham Perusahaan Terbuka,
                                         Perusahaan Terbuka wajib membuat ringkasan risalah
                                         RUPS dalam bahasa Indonesia dan bahasa asing
                                         (minimal dalam bahasa Inggris), serta diumumkan
                                         2 (dua) hari kerja setelah RUPS diselenggarakan
                                         kepada masyarakat, yang salah satunya melalui Situs
                                         Web Perusahaan Terbuka. Ketersediaan ringkasan
                                         risalah RUPS pada Situs Web Perusahaan Terbuka
                                         memberikan kesempatan bagi pemegang saham yang
                                         tidak hadir untuk mendapatkan informasi penting dalam
                                         penyelenggaraan RUPS secara mudah dan cepat. Oleh
                                         karena itu, ketentuan tentang jangka waktu minimal
                                         ketersediaan ringkasan risalah RUPS di Situs Web
                                         dimaksudkan untuk menyediakan kecukupan waktu
                                         bagi pemegang saham untuk memperoleh informasi
                                         tersebut.

                     Recommendation 3:   A summary of GMS minutes is available on the Website         Complied
                                         of the Public Company for at least one (1) year.
                                                                                                      The resolutions of the General
                     Explanation:        Based on the provisions in Article 34 paragraph              Meeting of Shareholders (GMS) were
                                         (2) of the Financial Services Authority Regulation           communicated to shareholders through
                                         Num-ber 32/POJK.04/2014 concerning the Plan and              the Bank’s website.
                                         Implementation of the General Meeting of Shareholders
                                         of Public Companies, Public Companies are required to
                                         make a summary of GMS minutes in Indonesian and
                                         foreign languages (at least in English), and announced
                                         2 (two) working days after the GMS is held to the public,
                                         one of which is through the Public Company Website.
                                         The availability of a summary of GMS minutes on the
                                         Public Company Website provides an opportunity for
                                         shareholders who are absent to easily and quickly obtain
                                         important information about the GMS implementation.
                                         Therefore, the provision on the minimum period of
                                         availability of a summary of GMS minutes on the Website
                                         is intended to provide sufficient time for shareholders to
                                         obtain such information.




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                                    Aspek; Prinsip; Rekomendasi
   No                                                                                                             Comply or Explain
                                Aspects; Principles; Recommendations

 A.2.           Prinsip 2: Meningkatkan Kualitas Komunikasi Perusahaan Terbuka dengan Pemegang Saham atau Investor.
                Principle 2: Improving the quality of communication between Public Companies and Shareholders or Investors.

 A.2.1.                Rekomendasi 4:         Perusahaan Terbuka memiliki suatu kebijakan                 Terpenuhi (comply)
                                              komunikasi dengan pemegang saham atau investor.             Bank saat ini telah menerapkan
                       Penjelasan:            Adanya komunikasi antara Perusahaan Terbuka dengan          penyampaian       informasi     yang
                                              pemegang saham atau investor dimaksudkan agar               berimbang kepada seluruh pemegang
                                              para pemegang saham atau investor mendapatkan               saham. Perusahaan telah memiliki
                                              pemahaman lebih jelas atas informasi yang telah             Standar Prosedur Komunikasi Korporasi
                                              dipublikasikan kepada masyarakat, seperti laporan           yang diatur dalam Standar Prosedur
                                              berkala, keterbukaan informasi, kondisi atau prospek        Corporate Secretary
                                              bisnis dan kinerja, serta pelaksanaan tata kelola
                                              Perusahaan Terbuka. Disamping itu, pemegang saham
                                              atau investor juga dapat menyampaikan masukan dan
                                              opini kepada manajemen Perusahaan Terbuka.
                                              Kebijakan komunikasi dengan para pemegang saham
                                              atau investor menunjukan komitmen Perusahaan
                                              Terbuka dalam melaksanakan komunikasi dengan
                                              para pemegang saham atau investor. Dalam kebijakan
                                              tersebut dapat mencakup strategi, program, dan
                                              waktu pelaksanaan komunikasi, serta panduan yang
                                              mendukung pemegang saham atau investor untuk
                                              berpartisipasi dalam komunikasi tersebut.

                       Recommendation 4:      Public Company possesses a communication policy with        Complied
                                              Shareholders or Investors.
                                                                                                          The      Bank    had      implemented
                       Explanation:           The existence of communication between the Public           balanced information disclosure to
                                              Company and shareholders or investors is intended           all shareholders. The Company had
                                              for the shareholders or investors to get a clearer          established Corporate Communication
                                              understanding of the information that has been published    Standard Procedures, as governed
                                              to the public, such as periodic reports, the disclosure     under the Corporate Secretary Standard
                                              of information, business conditions or prospects and        Procedures.
                                              performance, as well as the implementation of public
                                              company governance. In addition, shareholders or
                                              investors can also submit suggestions and opinions to
                                              the management of the Public Company.
                                              The communication policy with shareholders or
                                              investors shows the Public Company’s commitment
                                              to communicating with shareholders or investors.
                                              The policy may include strategies, programs, and
                                              communication execution timing, as well as guidance
                                              that supports shareholders or investors to participate in
                                              such communications.


 A.2.2.                Rekomendasi 5:         Perusahaan Terbuka mengungkapkan kebijakan                  Terpenuhi (comply)
                                              komunikasi Perusahaan Terbuka dengan pemegang               Bank    mengungkapkan      kebijakan
                                              saham atau investor dalam Situs Web.                        komunikasi dengan pemegang saham
                       Penjelasan:            Pengungkapan kebijakan komunikasi merupakan bentuk          atau investor (nasabah), termasuk
                                              transparansi atas komitmen Perusahaan Terbuka dalam         alamat Perusahaan yang dapat
                                              memberikan kesetaraan kepada semua pemegang                 dihubungi telah diunggah dalam situs
                                              saham atau investor atas pelaksanaan komunikasi.            web Perusahaan.
                                              Pengungkapan informasi tersebut juga bertujuan untuk
                                              meningkatkan partisipasi dan peran pemegang saham
                                              atau investor dalam pelaksanaan program komunikasi
                                              Perusahaan Terbuka.


                       Recommendation 5:      The Public Company discloses the communication policy       Complied
                                              of the Public Company with Sharehold- ers or Investors
                                              on the Company Website.                                     The Bank disclosed its communication
                                                                                                          policy with shareholders and investors
                       Explanation:           Disclosure of communication policy is a form of             (customers), including the Company’s
                                              transparency on the commitment of the Public Company        contact address, which had been
                                              to providing equality to all shareholders or investors      published on the Company’s website.
                                              regarding the implementation of communication. The
                                              disclosure of information also aims to increase the
                                              participation and role of shareholders or inves-tors
                                              in implementing the Public Company communication
                                              program.




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                                     Aspek; Prinsip; Rekomendasi
      No                                                                                                              Comply or Explain
                                 Aspects; Principles; Recommendations

 B.        Aspek 2: Fungsi dan Peran Dewan Komisaris
           Aspect 2: Board of Commissioners’ Function and Role

 B.1.            Prinsip 3: Memperkuat Keanggotaan dan Komposisi Dewan Komisaris.
                 Principle 3: Strengthening membership and composition of the Board of Commissioners

 B.1.1.                 Rekomendasi 6:        Penentuan jumlah anggota Dewan Komisaris                        Terpenuhi (comply)
                                              mempertimbangkan kondisi Perusahaan Terbuka.                    Jumlah anggota Dewan Komisaris
                        Penjelasan:           Jumlah anggota Dewan Komisaris dapat mempengaruhi               sesuai   dengan    ketentuan   dan
                                              efektivitas pelaksanaan tugas dari Dewan Komisaris.             mempertimbangkan kebutuhan, kondisi
                                              Penentuan jumlah anggota Dewan Komisaris                        dan kemampuan Perseroan.
                                              Perusahaan Terbuka wajib mengacu kepada ketentuan
                                              peraturan     perundang-undangan     yang   berlaku,
                                              yang paling kurang terdiri dari 2 orang berdasarkan
                                              ketentuan Peraturan Otoritas Jasa Keuangan Nomor
                                              33/POJK.04/2014 tentang Direksi dan Dewan
                                              Komisaris Emiten atau Perusahaan Publik. Selain itu,
                                              perlu juga mempertimbangkan kondisi Perusahaan
                                              Terbuka yang antara lain yang meliputi karakteristik,
                                              kapasitas, dan ukuran, serta pencapaian tujuan dan
                                              pemenuhan kebutuhan bisnis yang berbeda diantara
                                              Perusahaan Terbuka. Namun demikian, jumlah anggota
                                              Dewan Komisaris yang terlalu besar berpotensi dapat
                                              mengganggu efektivitas pelaksanaan fungsi Dewan
                                              Komisaris.

                        Recommendation 6:     Determination of the number of members of the Board             Complied
                                              of Commissioners by considering the Public Company’s
                                              condition.                                                      The number of members of the Board
                        Explanation:          The number of members of the Board of Commissioners             of Commissioners was in accordance
                                              may affect the effectiveness of the Board of                    with regulatory requirements, taking
                                              Commissioners’ duties. The number of the Board                  into account the needs, conditions, and
                                              of Commissioners members in a Public Company                    capacity of the Company.
                                              must be determined by referring to the provisions
                                              of the applicable laws and regulations. The Board of
                                              Commissioners members consist of at least two people
                                              based on the requirements of the Financial Ser-vices
                                              Authority (FSA) Regulation Number 33/POJK.04/2014
                                              concerning the Board of Directors and Board of
                                              Commissioners of Issuers or Public Companies. In
                                              addition, it is also necessary to consider the condition of
                                              the Public Company. It includes characteristics, capacity,
                                              and size, as well as achieving goals and fulfilling different
                                              business needs among Public Companies. However, if
                                              the number of the Board of Commissioners members
                                              is too large, it could interfere with the effectiveness of
                                              the implementation of the functions of the Board of
                                              Commissioners.

 B.1.2.                 Rekomendasi 7:        Penentuan komposisi anggota Dewan Komisaris                     Terpenuhi (comply)
                                              memperhatikan keberagaman keahlian, pengetahuan,                Persyaratan-persyaratan        untuk
                                              dan pengalaman yang dibutuhkan.                                 mengusulkan Calon Dewan Komisaris
                        Penjelasan:           Komposisi Dewan Komisaris merupakan kombinasi                   telah dilakukan dengan memperhatikan
                                              karakteristik baik dari segi organ Dewan Komisaris              kebutuhan dan kompleksitas usaha
                                              maupun anggota Dewan Komisaris secara individu,                 Bank yaitu dengan memperhatikan
                                              sesuai dengan kebutuhan Perusahaan Terbuka.                     unsur keberagaman keahlian, latar
                                              Karakteristik tersebut dapat tercermin dalam penentuan          belakang pendidikan, dan pengalaman
                                              keahlian, pengetahuan, dan pengalaman yang                      serta tidak membedakan gender.
                                              dibutuhkan dalam pelaksanaan tugas pengawasan dan
                                              pemberian nasihat oleh Dewan Komisaris Perusahaan
                                              Terbuka. Komposisi yang telah memperhatikan
                                              kebutuhan Perusahaan Terbuka merupakan suatu hal
                                              yang positif, khususnya terkait pengambilan keputusan
                                              dalam rangka pelaksanaan fungsi pengawasan yang
                                              dilakukan dengan mempertimbangkan berbagai aspek
                                              yang lebih luas.




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                                    Aspek; Prinsip; Rekomendasi
   No                                                                                                           Comply or Explain
                                Aspects; Principles; Recommendations

                       Recommendation 7:     Determination of the composition of members of the         Complied
                                             Board of Commissioners considering the diversity of
                                             expertise, knowledge, and experience required.              The requirements for proposing
                                                                                                        candidates      for  the   Board     of
                       Explanation:          The composition of the Board of Commissioners is           Commissioners       were   established
                                             a combination of characteristics both in terms of the      by taking into account the Bank’s
                                             organs of the Board of Commissioners and members           business needs and complexity,
                                             of the Board of Commissioners individually, follow-ing     including consideration of diversity in
                                             the needs of the Public Company. These characteristics     expertise, educational background,
                                             can be reflected in the determination of the expertise,    and experience, without gender
                                             knowledge, and experience needed in implementing           discrimination.
                                             supervisory duties and providing advice by the Board of
                                             Commissioners of a Public Company. The composition
                                             that considers the needs of the Public Company is a
                                             positive matter, primarily related to decision-making in
                                             the context of implementing the supervisory function
                                             carried out by considering various broader aspects.

                Prinsip 4: Meningkatkan Kualitas Pelaksanaan Tugas dan Tanggung Jawab Dewan Komisaris.
 B.2.
                Principle 4: Improving the Implementation Quality of Duties and Responsibilities of the Board of Commissioners

 B.2.1.                Rekomendasi 8:        Dewan Komisaris mempunyai kebijakan penilaian              Terpenuhi (comply)
                                             sendiri (self assessment) untuk menilai kinerja Dewan      Sebagai media penilaian kinerja Dewan
                                             Komisaris.                                                 Komisaris, dilakukan self assessment
                       Penjelasan:           Kebijakan penilaian sendiri (self assessment) Dewan        atas kinerja fungsi pengawasan Dewan
                                             Komisaris merupakan suatu pedoman yang digunakan           Komisaris dan Komite di bawah Dewan
                                             sebagai bentuk akuntabilitas atas penilaian kinerja        Komisaris yang disampaikan dalam
                                             Dewan Komisaris secara kolegial. Self assessment           suatu laporan Dewan Komisaris yang
                                             atau penilaian sendiri dimaksud dilakukan oleh             dibuat setiap semester untuk dilaporkan
                                             masing-masing anggota untuk menilai pelaksanaan            kepada Otoritas Jasa keuangan.
                                             kinerja Dewan Komisaris secara kolegial, dan bukan         Penilaian kinerja Dewan Komisaris
                                             menilai kinerja individual masing-masing anggota           tahunan dilaksanakan setiap tahun
                                             Dewan Komisaris. Dengan adanya self assessment ini         sekali dalam forum RUPS untuk
                                             diharapkan masing-masing anggota Dewan Komisaris           melaporkan fungsi pengawasan yang
                                             dapat berkontribusi untuk memperbaiki kinerja Dewan        telah dilakukan. Pengukuran kinerja
                                             Komisaris secara berkesinambungan.                         komisaris merupakan hasil kerja
                                             Dalam kebijakan tersebut dapat mencakup kegiatan           kolegial dari seluruh Dewan Komisaris
                                             penilaian yang dilakukan beserta maksud dan tujuannya,     yang tercermin dalam satu kesatuan
                                             waktu pelaksanaannya secara berkala, dan tolok ukur        pada realisasi Rencana Kerja dan
                                             atau kriteria penilaian yang digunakan sesuai dengan       Anggaran Perusahaan (RKAP) secara
                                             dengan rekomendasi yang diberikan oleh fungsi              tahunan.
                                             nominasi dan remunerasi Perusahaan Terbuka, dimana         Khusus dalam pelaksanaan GCG,
                                             adanya fungsi tersebut telah diwajibkan dalam Peraturan    penilaian kinerja Dewan Komisaris
                                             Otoritas Jasa Keuangan Nomor 34/POJK.04/2014               dilakukan melalui mekanisme Self
                                             tentang Komite Nominasi dan Remunerasi Emiten atau         assessment GCG sesuai ketentuan OJK
                                             Perusahaan Publik.                                         dan Third Party Assessment dengan
                                                                                                        menggunakan hasil penilaian CGPI




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                                  Aspek; Prinsip; Rekomendasi
   No                                                                                                           Comply or Explain
                              Aspects; Principles; Recommendations

                     Recommendation 8:   The Board of Commissioners has in place a Self-               Complied
                                         Assessment policy that assesses the perfor-mance of           As a means of evaluating the
                                         the Board of Commissioners.                                   performance    of   the    Board   of
                                                                                                       Commissioners, a self-assessment of
                     Explanation:        The Board of Commissioners’ self-assessment policy            the supervisory function of the Board
                                         is a guideline used as a form of accountability for           of Commissioners and its supporting
                                         collegial assessment of the Board of Commissioners’           committees was conducted and
                                         performance. Self- assessment is intended to be carried       reported in a Board of Commissioners’
                                         out by each member to assess the implementation of            report prepared semi-annually for
                                         the Board of Commissioners’ performance in a collegial        submission to the Otoritas Jasa
                                         manner. Self-assessment is not used to evaluate the           Keuangan.
                                         individual performance of each mem-ber of the Board
                                         of Commissioners. With this self-assessment, each             The annual performance evaluation of
                                         member of the Board of Commis-sioners is expected to          the Board of Commissioners was carried
                                         improve the performance of the Board of Commissioners         out once a year through the General
                                         on an ongoing basis.                                          Meeting of Shareholders (GMS) to report
                                         The policy can include assessment activities carried out      on the supervisory activities performed.
                                         along with their purposes and objectives, the periodic        The performance measurement of the
                                         implementation time, and the benchmarks or assessment         Board of Commissioners represented
                                         criteria used following the recom-mendations given by         the collective performance of the entire
                                         the nomination and remuneration function of a Public          Board, reflected in the achievement of
                                         Company. The existence of this function has been              the annual Corporate Work Plan and
                                         required in the Financial Services Authority Regulation       Budget (RKAP).
                                         Number 34/POJK.04/2014 concerning the Nomination
                                         and Remuneration Committee of Issuers or Public               Specifically in relation to Good Corporate
                                         Companies.                                                    Governance (GCG) implementation, the
                                                                                                       performance assessment of the Board
                                                                                                       of Commissioners was conducted
                                                                                                       through a GCG self-assessment
                                                                                                       mechanism in accordance with Otoritas
                                                                                                       Jasa Keuangan regulations, as well
                                                                                                       as through third-party assessments
                                                                                                       based on the Corporate Governance
                                                                                                       Perception Index (CGPI) results.

 B.2.2.              Rekomendasi 9:      Kebijakan penilaian sendiri (self assessment) untuk           Terpenuhi (comply)
                                         menilai kinerja Dewan Komisaris, diungkapkan melalui          Dalam melaksanakan penilaian atas
                                         Laporan Tahunan Perusahaan Terbuka.                           kinerja Dewan Komisaris media
                     Penjelasan:         Pengungkapan kebijakan self assessment atas                   penilaian kinerja Dewan Komisaris,
                                         kinerja Dewan Komisaris dilakukan tidak hanya                 dilakukan self assessment atas kinerja
                                         untuk memenuhi aspek transparansi sebagai bentuk              fungsi pengawasan Dewan Komisaris
                                         pertanggungjawaban atas pelaksanaan tugasnya,                 dan Komite di bawah Dewan komisaris
                                         namun juga untuk memberikan keyakinan khususnya               yang disampaikan dalam suatu laporan
                                         kepada para pemegang saham atau investor atas upaya-          Dewan Komisaris yang dibuat setiap
                                         upaya yang perlu dilakukan dalam meningkatkan kinerja         semester untuk dilaporkan kepada
                                         Dewan Komisaris. Dengan adanya pengungkapan                   Otoritas Jasa keuangan.
                                         tersebut pemegang saham atau investor mengetahui
                                         mekanisme check and balance terhadap kinerja Dewan
                                         Komisaris.

                     Recommendation 9:   Self-Assessment policies assessing the performance of         Complied
                                         the Board of Commissioners are to be disclosed through        In conducting the performance
                                         the Annual Report of the Public Company.                      evaluation     of   the   Board    of
                                                                                                       Commissioners, a self-assessment of
                     Explanation:        The disclosure of the self-assessment policy on the           the supervisory function of the Board
                                         performance of the Board of Commissioners is carried          of Commissioners and its supporting
                                         out not solely to fulfill the transparency aspect as a        committees was carried out as the
                                         form of accountability for implementing the board’s           evaluation mechanism. The results
                                         duties. In addition, it also provides assurance, especially   were documented in a Board of
                                         to shareholders or investors, as at-tempts need to            Commissioners’ report prepared on a
                                         be made to improve the performance of the Board of            semi-annual basis and submitted to
                                         Commissioners. With this disclo-sure, shareholders or         the Otoritas Jasa Keuangan.
                                         investors know the check and balance mechanism for
                                         the performance of the Board of Commissioners.




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                                    Aspek; Prinsip; Rekomendasi
   No                                                                                                                Comply or Explain
                                Aspects; Principles; Recommendations

 B.2.3.                Rekomendasi 10:      Dewan Komisaris mempunyai kebijakan terkait                      Terpenuhi (comply)
                                            pengunduran diri anggota Dewan Komisaris apabila                Bank telah memiliki kebijakan terkait
                                            terlibat dalam kejahatan keuangan.                              pengunduran diri anggota Dewan
                       Penjelasan:          Kebijakan pengunduran diri anggota Dewan Komisaris              Komisaris apabila terlibat dalam
                                            yang terlibat dalam kejahatan keuangan merupakan                kejahatan keuangan sebagaimana
                                            kebijakan yang dapat meningkatkan kepercayaan para              tertuang dalam Anggaran Dasar Bank
                                            pemangku kepentingan terhadap Perusahaan Terbuka,               yaitu bahwa masa jabatan Dewan
                                            sehingga integritas perusahaan akan tetap terjaga.              Komisaris berakhir salah satunya karena
                                            Kebijakan ini diperlukan untuk membantu kelancaran              melanggar peraturan perundangan dan
                                            proses hukum dan agar proses hukum tersebut tidak               apabila mengundurkan diri.
                                            mengganggu jalannya kegiatan usaha. Selain itu, dari
                                            sisi moralitas, kebijakan ini membangun budaya beretika
                                            di lingkungan Perusahaan Terbuka. Kebijakan tersebut
                                            dapat tercakup dalam Pedoman ataupun Kode Etik yang
                                            berlaku bagi Dewan Komisaris.
                                            Selanjutnya, yang dimaksud dengan terlibat dalam
                                            kejahatan keuangan merupakan adanya status
                                            terpidana terhadap anggota Dewan Komisaris dari
                                            pihak yang berwenang. Kejahatan keuangan dimaksud
                                            seperti manipulasi dan berbagai bentuk penggelapan
                                            dalam kegiatan jasa keuangan serta Tindakan Pidana
                                            Pencucian Uang sebagaimana dimaksud dalam Undang-
                                            Undang Nomor 8 Tahun 2010 tentang Pencegahan dan
                                            Pemberantasan Tindak Pidana Pencucian Uang.

                       Recommendation 10:   The Board of Commissioners has a policy regarding the           Complied
                                            resignation of members of the Board of Commissioners            The Bank had established a policy
                                            if involved in financial crimes.                                regarding the resignation of members
                                                                                                            of the Board of Commissioners in the
                       Explanation:         The policy regarding the resignation of members of the          event of involvement in financial crimes,
                                            Board of Commissioners involved in financial crimes is          as stipulated in the Bank’s Articles of
                                            a policy that can increase the trust of stakeholders in         Association. Such provisions stated
                                            the Public Company, which will maintain the integrity           that the term of office of the Board of
                                            of the Company. This policy is needed to help the legal         Commissioners could be terminated,
                                            process run smoothly so that the le-gal process does            among others, due to violations of laws
                                            not interfere with the course of business activities. In        and regulations or upon resignation.
                                            addition, in terms of morality, this policy builds an ethical
                                            culture within the Public Company. The policy may be
                                            included in the Guidelines or Code of Ethics applicable to
                                            the Board of Commissioners.
                                            Furthermore, the status of a convict is given by the
                                            competent authority to a member of the Board of
                                            Commissioners who is involved in financial crimes.
                                            Financial crimes refer to manipulation and various forms
                                            of embezzlement in financial services activities and
                                            Money Laundering Crimes as referred to in Law Number
                                            8 of 2010 concerning the Prevention and Eradication of
                                            Money Laundering Crimes.

 B.2.4.                Rekomendasi 11:      Dewan Komisaris atau Komite yang menjalankan fungsi             Terpenuhi (comply)
                                            Nominasi dan Remunerasi menyusun kebijakan suksesi              Mengacu      pada     Charter    Komite
                                            dalam proses Nominasi anggota Direksi.                          Remunerasi dan Nominasi Bank yang
                       Penjelasan:          Berdasarkan ketentuan Peraturan Otoritas Jasa                   dilaksanakan sebagai berikut:
                                            Keuangan Nomor 34/POJK.04/2014 tentang Komite                   1. Komite Remunerasi dan Nominasi
                                            Nominasi dan Remunerasi Emiten atau Perusahaan                       mengidentifikasi     calon    yang
                                            Publik, komite yang menjalankan fungsi nominasi                      memenuhi kriteria;
                                            mempunyai tugas untuk menyusun kebijakan dan kriteria           2. Dewan Komisaris atas dasar
                                            yang dibutuhkan dalam proses Nominasi calon anggota                  saran dari Komite Remunerasi dan
                                            Direksi. Salah satu kebijakan yang dapat mendukung                   Nominasi menyampaikan usulan
                                            proses Nominasi sebagaimana dimaksud adalah                          calon kepada Pemegang Saham;
                                            kebijakan suksesi anggota Direksi. Kebijakan mengenai           3. Dalam          RUPS        dilakukan
                                            suksesi bertujuan untuk menjaga kesinambungan proses                 Pengangkatan dan penetapan
                                            regenerasi atau kaderisasi kepemimpinan di perusahaan                suksesi Direksi; dan
                                            dalam rangka mempertahankan keberlanjutan bisnis                4. Calon yang telah disetujui diajukan
                                            dan tujuan jangka panjang perusahaan.                                ke OJK untuk fit and proper test
                                                                                                                 dan memberikan persetujuan
                                                                                                                 calon pengurus Bank.




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                                                                                                                        PT Bank Mandiri Taspen




                                      Aspek; Prinsip; Rekomendasi
      No                                                                                                            Comply or Explain
                                  Aspects; Principles; Recommendations

                        Recommendation 11:      The Board of Commissioners or the Committee that             Complied
                                                performs the Nomination and Remuneration function           Referring to the Charter of the Bank’s
                                                composed a Nomination succession policy for members         Remuneration        and     Nomination
                                                of the Board of Directors.                                  Committee,      the     process     was
                                                                                                            implemented as follows:
                        Explanation:            Based on the provisions of the Financial Services            1. The Remuneration and Nomination
                                                Authority Regulation Number 34/ POJK.04/2014 con-                Committee identified candidates
                                                cerning the Nomination and Remuneration Committee                who met the required criteria.
                                                of Issuers or Public Companies, the committee that           2. The Board of Commissioners,
                                                carries out the nomination function has the task of              based on recommendations from
                                                formulating the policies and criteria needed in the              the Remuneration and Nomination
                                                nomination process for prospective members of the                Committee, proposed candidates
                                                Board of Directors. One of the policies that can support         to the Shareholders.
                                                the Nomination process, as referred to, is the succession    3. The appointment and succession
                                                policy of members of the Board of Di-rectors. The policy         of the Board of Directors were
                                                on succession aims to maintain the continuity of the             determined at the General Meeting
                                                process of regeneration or re-generation of leadership in        of Shareholders (GMS).
                                                the Company to maintain business sustainability and the      4. Approved        candidates     were
                                                Company’s long-term goals.                                       submitted to the Otoritas Jasa
                                                                                                                 Keuangan for the Fit and Proper
                                                                                                                 Test and final approval for
                                                                                                                 appointment as members of the
                                                                                                                 Bank’s management.

 C.        Aspek 3: Fungsi dan Peran Direksi
           Aspect 3: Functions and Roles of the Board of Directors

 C.1.            Prinsip 5: Memperkuat Keanggotaan dan Komposisi Direksi.
                 Principle 5: Strengthening the Membership and Composition of the Board of Directors.

 C.1.1.                 Rekomendasi 12:         Penentuan jumlah anggota Direksi mempertimbangkan            Terpenuhi (comply)
                                                kondisi Perusahaan Terbuka serta efektivitas dalam          Jumlah anggota Direksi sesuai dengan
                                                pengambilan keputusan.                                      ketentuan dan mempertimbangkan
                        Penjelasan:             Sebagai organ perusahaan yang berwenang dalam               kebutuhan, kondisi dan kemampuan
                                                pengurusan perusahaan, penentuan jumlah Direksi             Perseroan.
                                                sangat mempengaruhi jalannya kinerja Perusahaan
                                                Terbuka. Dengan demikian, penentuan jumlah
                                                anggota Direksi harus dilakukan melalui pertimbangan
                                                yang matang dan wajib mengacu pada ketentuan
                                                Peraturan Perundang-undangan yang berlaku, dimana
                                                berdasarkan Peraturan Otoritas Jasa Keuangan Nomor
                                                33/POJK.04/2014 tentang Direksi dan Dewan Komisaris
                                                Emiten atau Perusahaan Publik paling sedikit terdiri
                                                dari 2 (dua) orang. Disamping itu, dalam penentuan
                                                jumlah Direksi harus didasarkan pada kebutuhan untuk
                                                mencapai maksud dan tujuan Perusahaan Terbuka dan
                                                disesuaikan dengan kondisi Perusahaan Terbuka yang
                                                meliputi karakteristik, kapasitas, dan ukuran Perusahaan
                                                Terbuka serta bagaimana tercapainya efektivitas
                                                pengambilan keputusan Direksi.

                        Recommendation 12:      Determination of the number of members of the Board         Complied
                                                of Directors considers the Public Company’s condition       The number of members of the Board
                                                and effectiveness in decision making.                       of Directors was in accordance with
                                                                                                            regulatory requirements, taking into
                        Explanation:            As an authorized corporate organ that deals with            account the needs, conditions, and
                                                the management of the Company, the determination            capacity of the Company.
                                                of the number of Directors dramatically affects
                                                the performance of the Public Company. Thus, the
                                                number of members of the Board of Directors must be
                                                determined through careful consideration and refer to
                                                the applicable laws and regulations. It must be based on
                                                the Financial Services Authority Regulation Number 33
                                                / POJK.04 / 2014 concerning the Board of Directors and
                                                Board of Commissioners of Issuers or Public Companies
                                                consisting of at least 2 (two) people. In addition, the
                                                number of Directors must be determined based on the
                                                need to achieve the goals and objectives of the Public
                                                Company and adjusted to the conditions of the Public
                                                Company. This condition includes the characteristics,
                                                capacity, and size of the Public Company and how to
                                                achieve the effectiveness of the Board of Directors’
                                                decision making.




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                                    Aspek; Prinsip; Rekomendasi
   No                                                                                                          Comply or Explain
                                Aspects; Principles; Recommendations

 C.1.2.                Rekomendasi 13:      Penentuan komposisi anggota Direksi memperhatikan,          Terpenuhi (comply)
                                            keberagaman keahlian, pengetahuan, dan pengalaman          Penetapan komposisi Direksi Bank
                                            yang dibutuhkan.                                           telah dilakukan dengan memperhatikan
                       Penjelasan:          Seperti halnya Dewan Komisaris, keberagaman                kebutuhan dan kompleksitas usaha
                                            komposisi anggota Direksi merupakan kombinasi              Bank yaitu dengan memperhatikan
                                            karakteristik yang diinginkan baik dari segi organ         unsur keberagaman keahlian, latar
                                            Direksi maupun anggota Direksi secara individu, sesuai     belakang pendidikan, dan pengalaman
                                            dengan kebutuhan Perusahaan Terbuka. Kombinasi             serta tidak membedakan gender.
                                            tersebut ditentukan dengan cara memperhatikan              Keberagaman        komposisi    Direksi
                                            keahlian, pengetahuan dan pengalaman yang sesuai           diharapkan      dapat      memberikan
                                            pada pembagian tugas dan fungsi jabatan Direksi dalam      alternatif penyelesaian terhadap suatu
                                            mencapai tujuan Perusahaan Terbuka. Dengan demikian,       masalah yang semakin kompleks yang
                                            pertimbangan kombinasi karakteristik dimaksud akan         dihadapi bank, sehingga keputusan
                                            berdampak dalam ketepatan proses pencalonan dan            yang dihasilkan menjadi keputusan
                                            penunjukan individual anggota Direksi ataupun Direksi      terbaik.
                                            secara kolegial.

                       Recommendation 13:   Determination of the composition of members of the         Complied
                                            Board of Directors considers the diversity of expertise,   The composition of the Board of
                                            knowledge, and experience needed.                          Directors was determined by taking into
                                                                                                       account the Bank’s business needs and
                       Explanation:         Seperti halnya Dewan Komisaris, Similar to the Board       complexity, including considerations
                                            of Commissioners, the diversity of the composition of      of diversity in expertise, educational
                                            members of the Board of Directors is a combination of      background, and experience, without
                                            desired characteristics. This combination is in terms of   gender discrimination.
                                            the organs of the Board of Directors and the individual    Such diversity in the composition of
                                            members of the Board of Directors, following the needs     the Board of Directors was expected
                                            of the Public Company. It is determined by considering     to provide alternative solutions to
                                            the appropriate expertise, knowledge, and experience       increasingly complex issues faced
                                            in the division of duties and functions of the Board       by the Bank, thereby enabling more
                                            of Directors in achieving the objectives of the Public     optimal decision-making outcomes.
                                            Company. Thus, consideration of the characteristic
                                            combination will impact the accuracy of the nomination
                                            process and the individual appointment of members of
                                            the Board of Directors or collegial Board of Directors.

 C.1.3.                Rekomendasi 14:      Anggota Direksi yang membawahi bidang akuntansi            Terpenuhi (comply)
                                            atau keuangan memiliki keahlian dan/atau pengetahuan       Anggota Direksi yang membawahi
                                            di bidang akuntansi.                                       bidang akuntansi berlatar belakang
                       Penjelasan:          Laporan        Keuangan         merupakan       laporan    pendidikan Manajemen bisnis dan
                                            pertanggungjawaban manajemen atas pengelolaan              berpengalaman    dalam     mengelola
                                            sumber daya yang dimiliki oleh Perusahaan Terbuka,         Cabang sehingga memiliki keahlian dan/
                                            yang wajib disusun dan disajikan sesuai dengan Standar     atau pengetahuan di bidang akuntansi
                                            Akuntansi Keuangan yang berlaku umum di Indonesia
                                            dan juga peraturan OJK terkait, antara lain peraturan
                                            perundang-undangan di sektor Pasar Modal yang
                                            mengatur mengenai penyajian dan pengungkapan
                                            Laporan Keuangan Perusahaan Terbuka. Berdasarkan
                                            peraturan perundang-undangan di sektor Pasar Modal
                                            yang mengatur mengenai tanggung jawab Direksi atas
                                            Laporan Keuangan, Direksi secara tanggung renteng
                                            bertanggung jawab atas Laporan Keuangan, yang
                                            ditandatangani Direktur Utama dan anggota Direksi
                                            yang membawahi bidang akuntansi atau keuangan.
                                            Dengan demikian, pengungkapan dan penyusunan
                                            informasi keuangan yang disajikan dalam laporan
                                            keuangan akan sangat tergantung pada keahlian, dan/
                                            atau pengetahuan Direksi, khususnya anggota Direksi
                                            yang membawahi bidang akuntansi atau keuangan.
                                            Adanya kualifikasi keahlian dan/atau pengetahuan di
                                            bidang akuntansi yang setidaknya dimiliki anggota
                                            Direksi dimaksud dapat memberikan keyakinan atas
                                            penyusunan Laporan Keuangan, sehingga Laporan
                                            Keuangan tersebut dapat diandalkan oleh para
                                            pemangku kepentingan (stakeholders) sebagai dasar
                                            pengambilan keputusan ekonomi terkait Perusahaan
                                            Terbuka dimaksud. Keahlian dan/atau pengetahuan
                                            tersebut dapat dibuktikan dengan latar belakang
                                            pendidikan, sertifikasi pelatihan, dan/atau pengalaman
                                            kerja terkait.




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                                    Aspek; Prinsip; Rekomendasi
   No                                                                                                             Comply or Explain
                                Aspects; Principles; Recommendations

                      Recommendation 14:    Members of the Board of Directors in charge of                Complied
                                            Accounting or Finance have the required expertise and/        The member of the Board of Directors
                                            or knowledge in accounting.                                   responsible for the accounting function
                      Explanation:          Financial Statements are management’s accountability          had an educational background in
                                            reports from managing resources owned by a Public             business management and extensive
                                            Company. They must be prepared and presented                  experience in managing branch
                                            following generally accepted Financial Accounting             operations, thereby possessing the
                                            Standards in Indonesia and related FSA regulations,           requisite expertise and/or knowledge in
                                            including laws and regulations in the Capital Market          the field of accounting.
                                            sector that regulate the presentation and disclosure of
                                            Public Company Financial Statements. Based on the
                                            laws and regulations in the Capital Market sector that
                                            regulate the responsibility of the Board of Directors for
                                            the Financial Statements, the Board of Directors is jointly
                                            responsible for the Financial Statements. The President
                                            Director and members of the Board of Directors in charge
                                            of accounting or finance sign the Financial Statements.
                      Thus, the disclosure and preparation of financial information presented in
                                            the financial statements will largely depend on the
                                            expertise and/or knowledge of the Board of Directors,
                                            especially members of the Board of Directors in charge
                                            of accounting or finance. The existence of expertise and/
                                            or knowledge qualifications in the accounting field that
                                            at least the members of the Board of Directors have can
                                            ensure the process of making the Financial Statements.
                                            Thus, the Financial Statements can be a reliable basis
                                            for stakeholders in making economic decisions related to
                                            the Public Company. Such expertise and/or knowledge
                                            can be proven by educational background, training
                                            certification, and/ or related work experience..

                Prinsip 6: Meningkatkan Kualitas Pelaksanaan Tugas dan Tanggung Jawab Direksi.
 C.2.
                Principle 6: Improving the Quality of the Board of Directors’ Duties and Responsibilities.

 C.2.1.               Rekomendasi 15:         Direksi mempunyai kebijakan penilaian sendiri (self          Terpenuhi (comply)
                                              assessment) untuk menilai kinerja Direksi.                  penilaian sendiri (self-assessment)
                      Penjelasan:             Seperti halnya pada Dewan Komisaris, kebijakan              Direksi secara individu, dinilai setiap
                                              penilaian sendiri (self assessment) Direksi merupakan       tahun untuk melihat kinerja masing-
                                              suatu pedoman yang digunakan sebagai bentuk                 masing     anggota     direksi   dalam
                                              akuntabilitas atas penilaian kinerja Direksi secara         pelaksanaan tugas dan tanggung
                                                                                                          jawabnya.       Penilaian      tersebut
                                              kolegial. Self assessment atau penilaian sendiri dimaksud
                                                                                                          dilaksanakan berdasarkan target yang
                                              dilakukan oleh masing-masing anggota Direksi untuk          ditetapkan dalam Key Performance
                                              menilai pelaksanaan kinerja Direksi secara kolegial,        Indicator (KPI) yang telah disepakati
                                              dan bukan menilai kinerja individual masing-masing          bersama dari awal tahun sesuai
                                              anggota Direksi. Dengan adanya self assessment ini          pembidangannya masing-masing.
                                              diharapkan masing-masing anggota Direksi dapat
                                              berkontribusi untuk memperbaiki kinerja Direksi secara
                                              berkesinambungan.
                                              Dalam kebijakan tesebut dapat mencakup kegiatan
                                              penilaian yang dilakukan beserta maksud dan
                                              tujuannya, waktu pelaksanaannya secara berkala,
                                              dan tolak ukur atau kriteria penilaian yang digunakan
                                              sesuai dengan dengan rekomendasi yang diberikan
                                              oleh fungsi nominasi dan remunerasi Perusahaan
                                              Terbuka, dimana pembentukan fungsi tersebut telah
                                              diwajibkan dalam Peraturan Otoritas Jasa Keuangan
                                              Nomor 34/POJK.04/2014 tentang Komite Nominasi dan
                                              Remunerasi Emiten atau Perusahaan Publik.




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Page 784
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                                    Aspek; Prinsip; Rekomendasi
   No                                                                                                              Comply or Explain
                                Aspects; Principles; Recommendations

                       Recommendation 15:   The Board of Directors has in place a Self-Assessment         Complied
                                            policy used to assess the performance of the Board of         Individual self-assessments of the
                                            Directors.                                                    Board of Directors were conducted
                       Explanation:         Similar to the Board of Commissioners, the Board of           annually to evaluate the performance of
                                            Directors self-assessment policy is a guideline used as       each Director in carrying out their duties
                                                                                                          and responsibilities. The assessment
                                            a form of accountability for collegial assessment of the
                                                                                                          was based on targets set in the Key
                                            Board of Directors’ performance. Self-assessment is           Performance Indicators (KPIs), which
                                            intended to be carried out by each member of the Board        had been mutually agreed upon at the
                                            of Directors. The aim is to assess the implementation         beginning of the year in accordance with
                                            of the Board of Directors’ performance in a collegial         their respective areas of responsibility.
                                            manner. Self-Assessment is not used to evaluate the
                                            individual performance of each member of the Board
                                            of Directors. With this self-assessment, each member
                                            of the Board of Directors is expected to improve the
                                            performance of the Board of Directors on an ongoing
                                            basis.
                                            The policy may include assessment activities carried
                                            out along with their purposes and objectives, the
                                            periodic implementation time, and the benchmarks or
                                            assessment criteria used following the recommendations
                                            given by the nomination and remuneration function of a
                                            Public Company. The establishment of these functions
                                            has been required in the Financial Services Authority
                                            Regulation Number 34/POJK.04/2014 concerning the
                                            Nomination and Remuneration Committee of Issuers or
                                            Public Companies.

 C.2.2.                Rekomendasi 16:      Kebijakan penilaian sendiri (self assessment) untuk            Terpenuhi (comply)
                                            menilai kinerja Direksi diungkapkan melalui laporan           Penilaian kinerja Direksi akan tercermin
                                            tahunan Perusahaan Terbuka.                                   dalam satu kesatuan pada realisasi
                       Penjelasan:          Pengungkapan kebijakan self assessment atas kinerja           rencana kerja dan Anggaran Perusahaan
                                            Direksi dilakukan tidak hanya untuk memenuhi aspek            (RKAP) secara tahunan, penilaian
                                            transparansi sebagai bentuk pertanggungjawaban atas           berdasarkan parameter kinerja kolegial
                                            pelaksanaan tugasnya, namun juga untuk memberikan             dan kinerja individual/sektoral dengan
                                            informasi penting atas upaya-upaya perbaikan dalam            mempertimbangkan faktor kuantitatif
                                            pengelolaan Perusahaan Terbuka. Informasi tersebut            dan kualitatif. Penilaian Direksi akan
                                            sangat bermanfaat untuk memberikan keyakinan                  mencakup Tingkat kesehatan bank
                                            kepada pemegang saham atau investor bahwa terdapat            yang mencakup aspek profil risiko,
                                            kepastian pengelolaan perusahaan terus dilakukan ke           Good Corporate Governance (GCG)
                                            arah yang lebih baik. Dengan adanya pengungkapan              rentabilitas dan permodalan Bank.
                                            tersebut pemegang saham atau investor mengetahui              Penilaian kinerja Direksi dilakukan
                                            mekanisme check and balance terhadap kinerja Direksi.         oleh Dewan Komisaris dan Pemegang
                                                                                                          saham, khususnya bank Bank Mandiri
                                                                                                          secara berkala melakukan penilaian
                                                                                                          atas kinerja Direksi serta pengawasan
                                                                                                          yang dilakukan oleh Dewan Komisaris
                                                                                                          dalam ajang Board forum yang rutin
                                                                                                          diselenggarakan setiap 3 (tiga) bulan
                                                                                                          sekali.

                       Recommendation 16:   Self-Assessment policies in order to assess the               Complied
                                            performance of the Board of Directors are disclosed           The performance assessment of the
                                            through the Annual Report of the Public Company.              Board of Directors was reflected in
                       Explanation:         The disclosure of the self-assessment policy regarding        the overall achievement of the annual
                                            the Board of Directors’ performance is carried out not        Corporate Work Plan and Budget
                                            solely to fulfill the transparency aspect as a form of        (RKAP), based on both collective and
                                            accountability for implementing the Board of Directors’       individual/functional      performance
                                            duties. In addition, it also provides essential information   parameters, taking into account
                                            regarding the attempts to improve the management of           quantitative and qualitative factors.
                                            the Public Company. This information is beneficial to give    The evaluation encompassed the
                                            assurance to shareholders or investors regarding the          Bank’s soundness level, including
                                            existence of certainty that the Company management            aspects of risk profile, Good Corporate
                                            continues to be carried out in a better direction. With       Governance (GCG), profitability, and
                                            this disclosure, shareholders or investors know the           capital adequacy.
                                            check and balance mechanism for the performance of            The performance of the Board of
                                            the Board of Directors.                                       Directors was assessed by the Board
                                                                                                          of Commissioners and shareholders.
                                                                                                          In particular, Bank Mandiri periodically
                                                                                                          evaluated the performance of the Board
                                                                                                          of Directors as well as the supervisory
                                                                                                          function of the Board of Commissioners
                                                                                                          through Board Forum meetings held on
                                                                                                          a quarterly basis.




    784                                                                                                                     Laporan Tahunan 2025
Page 785
                                                                                                                         PT Bank Mandiri Taspen




                                    Aspek; Prinsip; Rekomendasi
   No                                                                                                                Comply or Explain
                                Aspects; Principles; Recommendations

 C.2.3.               Rekomendasi 17:        Direksi mempunyai kebijakan terkait pengunduran                Terpenuhi (comply)
                                             diri anggota Direksi apabila terlibat dalam kejahatan          Bank   memiliki   kebijakan   terkait
                                             keuangan.                                                      pengunduran diri anggota Direksi
                      Penjelasan:            Kebijakan pengunduran diri anggota Direksi yang                apabila terlibat dalam kejahatan
                                             terlibat dalam kejahatan keuangan merupakan kebijakan          keuangan sebagaimana tertuang dalam
                                             yang dapat meningkatkan kepercayaan para pemangku              Anggaran Dasar Perseroan.
                                             kepentingan terhadap Perusahaan Terbuka, sehingga
                                             integritas perusahaan akan tetap terjaga. Kebijakan ini
                                             diperlukan untuk membantu kelancaran proses hukum
                                             dan agar proses hukum tersebut tidak mengganggu
                                             jalannya kegiatan usaha. Selain itu, dari sisi moralitas,
                                             kebijakan ini akan membangun budaya beretika di
                                             lingkungan Perusahaan Terbuka. Kebijakan tersebut
                                             dapat tercakup dalam Pedoman ataupun Kode Etik yang
                                             berlaku bagi Direksi.
                                             Selanjutnya, yang dimaksud dengan terlibat dalam
                                             kejahatan keuangan merupakan adanya status terpidana
                                             terhadap anggota Direksi dari pihak yang berwenang.
                                             Kejahatan keuangan dimaksud seperti manipulasi dan
                                             berbagai bentuk penggelapan dalam kegiatan jasa
                                             keuangan serta Tindakan Pidana Pencucian Uang
                                             sebagaimana dimaksud dalam Undang Undang Nomor
                                             8 Tahun 2010 tentang Pencegahan dan Pemberantasan
                                             Tindak Pidana Pencucian Uang.

                      Recommendation 17:     The Board of Directors has a policy related to the             Complied
                                             resignation of members of the Board of Directors when          The Bank had a policy regarding the
                                             involved in financial crimes.                                  resignation of a member of the Board of
                                                                                                            Directors if involved in a financial crime
                      Explanation:           The policy of resignation for members of the Board of          as stated in the Articles of Association
                                             Directors involved in financial crimes is a policy that can    of the Company.
                                             increase the stakeholders’ trust in the Public Company,
                                             which in return will maintain the Company’s integrity.
                                             This policy is needed to help the legal process runs
                                             smoothly and so that the legal process does not interfere
                                             with the course of business activities. In addition, in
                                             terms of morality, this policy will build an ethical culture
                                             within the Public Company. The policy may be covered
                                             by the Guidelines or Code of Ethics applicable to the
                                             Board of Directors.
                                             Furthermore, the status of a convict is given by the
                                             competent authority to a member of the Board of
                                             Commissioners who is involved in financial crimes.
                                             Financial crimes refer to manipulation and various forms
                                             of embezzlement in financial services activities and
                                             Money Laundering Crimes as referred to in Law Number
                                             8 of 2010 concerning the Prevention and Eradication of
                                             Money Laundering Crimes.

 D.       Aspek 4: Partisipasi Pemangku Kepentingan
          Aspect 4: Stakeholder Participation

 D.1.           Prinsip 7: Meningkatkan Aspek Tata Kelola Perusahaan melalui Partisipasi Pemangku Kepentingan.
                Principle 7: Upgrading corporate governance aspects through stakeholder participation.

 D.1.1.               Rekomendasi 18:        Perusahaan Terbuka memiliki kebijakan untuk mencegah           Terpenuhi (comply)
                                             terjadinya insider trading.                                    Bank telah memiliki Kebijakan untuk
                      Penjelasan:            Seseorang yang mempunyai informasi orang dalam                 mencegah terjadinya insider trading.
                                             dilarang melakukan suatu transaksi Efek dengan                 Jajaran Bank yang memiliki informasi
                                             menggunakan informasi orang dalam sebagaimana                  rahasia       tidak      diperkenankan
                                             dimaksud dalam Undang-Undang mengenai Pasar                    menggunakan        informasi   tersebut
                                             Modal. Perusahaan Terbuka dapat meminimalisir                  untuk mengambil keuntungan bagi
                                             terjadinya insider trading tersebut melalui kebijakan          dirinya sendiri, keluarganya atau pihak
                                             pencegahan, misalnya dengan memisahkan secara                  ketiga lainnya
                                             tegas data dan/atau informasi yang bersifat rahasia
                                             dengan yang bersifat publik, serta membagi tugas dan
                                             tanggung jawab atas pengelolaan informasi dimaksud
                                             secara proporsional dan efisien.




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Page 786
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Corporate Governance




                                    Aspek; Prinsip; Rekomendasi
   No                                                                                                            Comply or Explain
                                Aspects; Principles; Recommendations

                       Recommendation 18:   The Public Company has in place policies to prevent         Complied
                                            Insider Trading.                                            The Bank had a policy to prevent
                       Explanation:         A person with insider information is prohibited from        insider trading.
                                            conducting a Securities transaction using insider           Bank officials who had confidential
                                            information as referred to in the Law on Capital            information were not allowed to use
                                            Market. Public Companies can minimize the occurrence        the information to take advantage of
                                            of insider trading through prevention policies, for         themselves, their families or other third
                                            example, by strictly separating confidential data and/or    parties.
                                            information from public ones and dividing the duties and
                                            responsibilities for the management of such information
                                            proportionally and efficiently.

 D.1.2.                Rekomendasi 19:      Perusahaan Terbuka memiliki kebijakan anti korupsi dan       Terpenuhi (comply)
                                            anti fraud.                                                 Perseroan memiliki kebijakan anti
                       Penjelasan:          Kebijakan anti korupsi bermanfaat untuk memastikan          fraud dan Standar Pedoman Strategi
                                            agar kegiatan usaha Perusahaan Terbuka dilakukan            Anti Fraud (SPSAF). Setiap pegawai
                                            secara legal, prudent, dan sesuai dengan prinsip-           dapat menyampaikan informasi adanya
                                            prinsip tata kelola yang baik. Kebijakan tersebut dapat     dugaan terjadinya fraud dengan
                                            merupakan bagian dalam kode etik, ataupun dalam             mempergunakan media yang telah
                                            bentuk tersendiri. Dalam kebijakan tersebut dapat           disediakan, baik telpon, sms, fax,
                                            meliputi antara lain mengenai program dan prosedur          email maupun yang lainnya. Untuk
                                            yang dilakukan dalam mengatasi praktik korupsi, balas       peningkatan pelayanan pengaduan
                                            jasa (kickbacks), fraud, suap dan/atau gratifikasi dalam    dan upaya menjaga kerahasiaan,
                                            Perusahaan Terbuka. Lingkup dari kebijakan tersebut         sarana pelaporan yaitu Letter to
                                            harus menggambarkan pencegahan Perusahaan                   CEO (LTC) melalui e-mail ltc@rsm.id.
                                            Terbuka terhadap segala praktik korupsi baik memberi        Semua laporan dugaan pelanggaran
                                            atau menerima dari pihak lain.                              (fraud) yang disampaikan akan dijamin
                                                                                                        kerahasiaan dan keamanannya oleh
                                                                                                        Bank dan pelapor (whistleblower)
                                                                                                        dijamin haknya untuk memperoleh
                                                                                                        informasi mengenai status tindak lanjut
                                                                                                        atas laporannya.

                       Recommendation 19:   The Public Company has in place an Anti-Corruption          Complied
                                            and Anti-Fraud policy.                                      The Company had an anti-fraud
                       Explanation:         Anti-corruption policies are useful for ensuring that the   policy and Standard Anti- Fraud
                                            business activities of public companies are carried out     Strategy Guidelines (SPSAF). Each
                                            legally, prudently, and in accordance with the principles   employee could submit information
                                            of good governance. The policy can be part of a code        on the alleged occurrence of fraud by
                                            of conduct or in its own form. The policy may include,      using the media provided, whether by
                                            among others, programs and procedures carried out to        telephone, sms, fax, email or others.
                                            overcome corrupt practices, kickbacks, fraud, bribery,      To improve complaint services and to
                                            and/ or gratification in a Public Company. The scope of     maintain confidentiality, the reporting
                                            the policy must describe the prevention of the Public       facility is the Letter to CEO (LTC) via
                                            Company against all corrupt practices, either giving or     e-mail ltc@ bankmantap. co.id. All
                                            receiving from other parties.                               reports of suspected violations (fraud)
                                                                                                        submitted would be guaranteed the
                                                                                                        confidentiality and security of the Bank,
                                                                                                        and the reporter (Whistleblowers)
                                                                                                        were guaranteed the right to obtain
                                                                                                        information regarding the status of
                                                                                                        followup reports.




    786                                                                                                                   Laporan Tahunan 2025
Page 787
                                                                                                                    PT Bank Mandiri Taspen




                                  Aspek; Prinsip; Rekomendasi
   No                                                                                                            Comply or Explain
                              Aspects; Principles; Recommendations

 D.1.3.              Rekomendasi 20:      Perusahaan Terbuka memiliki kebijakan tentang seleksi          Terpenuhi (comply)
                                          dan peningkatan kemampuan pemasok atau vendor.                 Bank memiliki Kebijakan Procurement
                     Penjelasan:          Kebijakan tentang seleksi pemasok atau vendor                  dan    Standar    Prosedur    terkait
                                          bermanfaat untuk memastikan agar Perusahaan                    penerimaan dan evaluasi pemasok
                                          Terbuka memperoleh barang atau jasa yang diperlukan            atau vendor
                                          dengan harga yang kompetitif dan kualitas yang
                                          baik. Sedangkan kebijakan peningkatan kemampuan
                                          pemasok atau vendor bermanfaat untuk memastikan
                                          bahwa rantai pasokan (supply chain) berjalan dengan
                                          efisien dan efektif. Kemampuan pemasok atau vendor
                                          dalam memasok/memenuhi barang atau jasa yang
                                          dibutuhkan perusahaan akan mempengaruhi kualitas
                                          output perusahaan.
                                          Dengan demikian, pelaksanaan kebijakan-kebijakan
                                          tersebut dapat menjamin kontinuitas pasokan, baik
                                          dari segi kuantitas maupun kualitas yang dibutuhkan
                                          Perusahaan Terbuka. Adapun cakupan kebijakan
                                          ini meliputi kriteria dalam pemilihan pemasok atau
                                          vendor, mekanisme pengadaan yang transparan, upaya
                                          peningkatan kemampuan pemasok atau vendor, dan
                                          pemenuhan hak-hak yang berkaitan dengan pemasok
                                          atau vendor.

                                          Perseroan memiliki kebijakan terkait pengadaan barang
                                          dan jasa yang berisi tentang seleksi dan peningkatan
                                          kemampuan pemasok atau vendor yang tertuang dalam
                                          standar Pedoman Procurement.

                     Recommendation 20:   The Public Company has a policy in place regarding the         Complied
                                          selection and improvement of suppliers or vendor ability.      The Bank had Procurement Policies
                                                                                                         and Standard Procedures related to
                     Explanation:         The supplier or vendor selection policy is useful to           acceptance and evaluation of suppliers
                                          ensure that the Public Company obtains the necessary           or vendors.
                                          goods or services at competitive prices and good
                                          quality. Meanwhile, the policy of increasing the ability of
                                          suppliers or vendors helps ensure that the supply chain
                                          runs efficiently and effectively. The suppliers’ or vendors’
                                          ability to supply/provide the goods or services needed
                                          by the Company will affect the quality of the Company’s
                                          output.
                                          Thus, implementing these policies can guarantee the
                                          continuity of supply, both in terms of quantity and
                                          quality needed by the Public Company. The scope of this
                                          policy includes criteria in selecting suppliers or vendors,
                                          transparent procurement mechanisms, attempts to
                                          improve the capabilities of suppliers or vendors, and the
                                          fulfillment of rights related to suppliers or vendors.
                                          The Company has policies related to the procurement
                                          of goods and services that contain the selection and
                                          improvement of supplier or vendor capabilities as stated
                                          in the Procurement Guidelines standards.

 D.1.4.              Rekomendasi 21:      Perusahaan Terbuka memiliki kebijakan tentang                  Terpenuhi (comply)
                                          pemenuhan hak-hak kreditur.                                    Pemenuhan hak-hak kreditur di Bank
                     Penjelasan:          Kebijakan tentang pemenuhan hak-hak kreditur                   Mandiri Taspen tertuang dalam Standar
                                          digunakan sebagai pedoman dalam melakukan pinjaman             Prosedur Asset & Liability Management
                                          kepada kreditur. Tujuan dari kebijakan dimaksud adalah         dan Petunjuk Teknis Penerbitan
                                          untuk menjaga terpenuhinya hak-hak dan menjaga                 Obligasi.
                                          kepercayaan kreditur terhadap Perusahaan Terbuka.
                                          Dalam kebijakan tersebut mencakup pertimbangan
                                          dalam melakukan perjanjian, serta tindak lanjut dalam
                                          pemenuhan kewajiban Perusahaan Terbuka kepada
                                          kreditur.

                     Recommendation 21:   The Public Company has a policy on fulfilling the              Complied
                                          creditors’ rights.                                             Fulfillment of creditor rights at Bank
                     Explanation:         The policy regarding the fulfillment of creditors’ rights      Mandiri Taspen is stated in the Asset
                                          is utilized as a guideline in making loans to creditors.       & Liability Management Standard
                                          The policy aims to maintain the fulfillment of rights and      Procedures and Technical Instructions
                                          maintain creditors’ trust in the Public Company. The           for Issuing Bonds.
                                          policy includes considerations in making agreements, as
                                          well as follow-up actions in fulfilling the obligations of
                                          the Public Company to creditors.




2025 Annual Report                                                                                                                   787
Page 788
Corporate Governance
Corporate Governance




                                    Aspek; Prinsip; Rekomendasi
   No                                                                                                          Comply or Explain
                                Aspects; Principles; Recommendations

 D.1.5.                Rekomendasi 22:      Perusahaan Terbuka memiliki kebijakan sistem               Terpenuhi (comply)
                                            whistleblowing.                                            Bank    telah  memiliki   Kebijakan
                       Penjelasan:          Kebijakan sistem whistleblowing yang telah disusun         Whistleblowing       yang      juga
                                            dengan baik akan memberikan kepastian perlindungan         diungkapkan       dalam     bagian
                                            kepada saksi atau pelapor atas suatu indikasi              pengungkapan Whistleblowing dalam
                                            pelanggaran yang dilakukan karyawan atau manajemen         Laporan Tahunan ini.
                                            Perusahaan Terbuka. Penerapan kebijakan sistem
                                            tersebut akan berdampak pada pembentukan budaya
                                            tata kelola perusahaan yang baik. Kebijakan sistem
                                            whistleblowing mencakup antara lain jenis pelanggaran
                                            yang dapat dilaporkan melalui sistem whistleblowing,
                                            cara pengaduan, perlindungan dan jaminan kerahasiaan
                                            pelapor, penanganan pengaduan, pihak yang mengelola
                                            aduan, dan hasil penanganan dan tindak lanjut
                                            pengaduan.

                       Recommendation 22:   Public Company has a whistleblowing system policy.         Complied
                       Explanation:         A well-prepared whistleblowing system policy               The Bank had a Whistleblowing
                                            will provide certainty of protection to witnesses or       Policy which was also disclosed in the
                                            whistleblowers for an indication of violations committed   Whistleblowing disclosure section of
                                            by employees or management of the Public Company.          this Annual Report.
                                            The implementation of these system policies will
                                            have an impact on the formation of good corporate
                                            governance culture. The whistleblowing system policy
                                            includes, among others, the types of violations that can
                                            be reported through the whistleblowing system, the
                                            way of complaints, protection, and guarantees of the
                                            confidentiality of the whistleblower, the handling of
                                            complaints, the party who manages the complaint, and
                                            the results of handling and following up complaints.

 D.1.6.                Rekomendasi 23:      Perusahaan Terbuka memiliki kebijakan pemberian            Penjelasan (explain)
                                            insentif jangka panjang kepada Direksi dan karyawan.       Sehubungan dengan Bank Mandiri
                       Penjelasan:          Insentif jangka panjang merupakan insentif yang            Taspen     merupakan    Perusahaan
                                            didasarkan atas pencapaian kinerja jangka panjang.         Perseroan Terbatas yang tertutup,
                                            Rencana insentif jangka panjang mempunyai dasar            maka Bank Mandiri Taspen belum
                                            pemikiran bahwa kinerja jangka panjang perusahaan          memiliki kebijakan pemberian insentif
                                            tercermin oleh pertumbuhan nilai dari saham atau           jangka panjang kepada Direksi dan
                                            target-target jangka panjang perusahaan lainnya.           Karyawan.
                                            Insentif jangka panjang bermanfaat dalam rangka
                                            menjaga loyalitas dan memberikan motivasi kepada
                                            Direksi dan karyawan untuk menigkatkan kinerja
                                            atau produktivitasnya yang akan berdampak pada
                                            peningkatan kinerja perusahaan dalam jangka panjang.
                                            Adanya suatu kebijakan insentif jangka panjang
                                            merupakan komitmen nyata Perusahaan Terbuka
                                            untuk mendorong pelaksanaan pemberian insentif
                                            jangka panjang kepada Direksi dan Karyawan dengan
                                            syarat, prosedur dan bentuk yang disesuaikan dengan
                                            tujuan jangka panjang Perusahaan Terbuka. Kebijakan
                                            dimaksud dapat mencakup antara lain maksud dan
                                            tujuan pemberian insentif jangka panjang, syarat dan
                                            prosedur dalam pemberian insentif, dan kondisi dan
                                            risiko yang harus diperhatikan oleh Perusahaan Terbuka
                                            dalam pemberian insentif. Kebijakan tersebut juga
                                            dapat tercakup dalam kebijakan remunerasi Perusahaan
                                            Terbuka yang ada.




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Page 789
                                                                                                                          PT Bank Mandiri Taspen




                                      Aspek; Prinsip; Rekomendasi
      No                                                                                                              Comply or Explain
                                  Aspects; Principles; Recommendations

                        Recommendation 23:       Public Company has a policy of providing long-term           Complied
                                                 incentives to the Board of Directors and employees.          In view of the fact that Bank Mandiri
                        Explanation:             Long-term incentives are incentives based on the             Taspen is a privately held limited
                                                 achievement of long-term performance. The longterm           liability company, the Bank had not yet
                                                 incentive plan assumes that the Company’s longterm           established a policy on the provision of
                                                 performance is reflected by the growth in value of the       long-term incentives for the Board of
                                                 stock or other Company’s long-term targets. Long-term        Directors and employees.
                                                 incentives are useful to maintain loyalty and provide
                                                 motivation to the Board of Directors and employees
                                                 to increase their performance or productivity, which
                                                 will have an impact on improving the Company’s
                                                 performance in the long run.
                                                 The existence of a long-term incentive policy is a real
                                                 commitment of the Public Company to encourage
                                                 the implementation of long-term incentives to the
                                                 Board of Directors and Employees with conditions,
                                                 procedures, and forms adjusted to the long-term goals
                                                 of the Public Company. The policy may include, among
                                                 others, the purpose and objectives of providing long-
                                                 term incentives, terms and procedures for providing
                                                 incentives, and conditions and risks that the Public
                                                 Company must consider in providing incentives. The
                                                 policy can also be included in the remuneration policy of
                                                 the existing Public Company.

 E.        Aspek 5: Keterbukaan Informasi
           Aspect 5: Disclosure of Information

 E.1.            Prinsip 8: Meningkatkan Pelaksanaan Keterbukaan Informasi.
                 Principle 8: Improving the Implementation of the disclosure of information

 E.1.1.                 Rekomendasi 24:          Perusahaan Terbuka memanfaatkan penggunaan                   Terpenuhi (comply)
                                                 teknologi informasi secara lebih luas selain Situs Web       Dalam situs web Bank, terdapat
                                                 sebagai media keterbukaan informasi.                         segala informasi yang terkait dengan
                        Penjelasan:              Penggunaan teknologi informasi dapat bermanfaat              Keterbukaan Informasi. Bank telah
                                                 sebagai media keterbukaan informasi. Adapun                  mengelola Situs Web Perusahaan
                                                 keterbukaan informasi yang dilakukan tidak hanya             seoptimal mungkin untuk selalu
                                                 keterbukaan informasi yang telah diatur dalam peraturan      menyediakan informasi yang terbaru
                                                 perundang-undangan, namun juga informasi lain terkait        dan akurat untuk Publik. Selain Situs
                                                 Perusahaan Terbuka yang dirasakan bermanfaat untuk           web, Bank Mandiri juga memanfaatkan
                                                 diketahui pemegang saham atau investor. Dengan               teknologi dan aplikasi media sosial
                                                 pemanfaatan teknologi informasi secara lebih luas selain     lainnya seperti SMS Banking, Mobile
                                                 Situs Web diharapkan perusahaan dapat meningkatkan           Banking, Instagram, Facebook dan X
                                                 efektivitas penyebaran informasi perusahaan. Meskipun        untuk media keterbukaan informasi.
                                                 demikian, pemanfaatan teknologi informasi yang
                                                 dilakukan tetap memperhatikan manfaat dan biaya
                                                 perusahaan.

                        Recommendation 24:       The Public Company utilizes information technology           Complied
                                                 more broadly in addition to the Website as a medium for      The Bank’s website contains all
                                                 disclosing information.                                      information related to Information
                        Explanation:             The use of information technology can be a helpful           Disclosure. The Bank has optimally
                                                 medium for the disclosure of information. The                managed the Company Website to
                                                 disclosure of information is conducted not only to           ensure the public always has the most
                                                 disclose information that has been regulated in laws         up-to-date and accurate information.
                                                 and regulations but also to disclose other information       In addition to the Website, Bank
                                                 related to Public Companies that are considered helpful      Mandiri also utilizes technology and
                                                 for the knowledge of shareholders or investors. By using     other social media applications, such
                                                 information technology more broadly apart from the           as SMS Banking, Mobile Banking,
                                                 Website, it is hoped that the Company can extend the         Instagram, Facebook, and X, to
                                                 effectiveness of disseminating company information.          facilitate information disclosure.
                                                 Nevertheless, the use of information technology is
                                                 carried out while still considering the benefits and costs
                                                 for the Company.




2025 Annual Report                                                                                                                          789
Page 790
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                                    Aspek; Prinsip; Rekomendasi
   No                                                                                                              Comply or Explain
                                Aspects; Principles; Recommendations

 E.1.2.                Rekomendasi 25:      Laporan Tahunan Perusahaan Terbuka mengungkapkan               Terpenuhi (comply)
                                            pemilik manfaat akhir dalam kepemilikan saham                  Bank        telah    mengungkapkan
                                            Perusahaan Terbuka paling sedikit 5% (lima persen),            kepemilikan sahamnya yang mencapai
                                            selain pengungkapan pemilik manfaat akhir dalam                5% (lima persen) atau lebih, baik pada
                                            kepemilikan saham Perusahaan Terbuka melalui                   Bank yang bersangkutan maupun
                                            pemegang saham utama dan pengendali.                           bank dan perusahaan lain yang
                       Penjelasan:          Peraturan perundang-undangan di sektor Pasar                   berkedudukan di dalam dan di luar
                                            Modal yang mengatur mengenai penyampaian laporan               negeri, serta hubungan keuangan serta
                                            tahunan Perusahaan Terbuka telah mengatur kewajiban            hubungan keluarga dengan anggota
                                            pengungkapan informasi mengenai pemegang saham                 Dewan Komisaris lainnya, anggota
                                            yang memiliki 5% (lima persen) atau lebih saham                Direksi dan/atau Pemegang Saham
                                            Perusahaan Terbuka, serta kewajiban pengungkapan               Pengendali Bank.
                                            informasi mengenai pemegang saham utama dan
                                            pengendali Perusahaan Terbuka baik langsung maupun
                                            tidak langsung sampai dengan pemilik manfaat akhir
                                            dalam kepemilikan saham tersebut. Dalam Pedoman
                                            Tata Kelola ini direkomendasikan untuk mengungkapkan
                                            pemilik manfaat akhir atas kepemilikan saham
                                            Perusahaan Terbuka paling sedikit 5% (lima persen),
                                            selain mengungkapkan pemilik manfaat akhir dari
                                            kepemilikan saham oleh pemegang saham utama dan
                                            pengendali.

                       Recommendation 25:   The Annual Report of the Public Company discloses              Complied
                                            the ultimate benefit of the Ownership of the Public            The Bank disclosed share ownership
                                            Company of at least 5%, in addition to the disclosure of       of 5% (five percent) or more, both
                                            the ultimate beneficial owner of the share ownership of        in the Bank itself and in other banks
                                            the Public Company through the main and controlling            and companies, whether domestic
                                            shareholders                                                   or overseas, as well as financial
                       Explanation:         Laws and regulations in the Capital Market sector              relationships and family relationships
                                            governing the submission of Public Company annual              with other members of the Board
                                            reports have regulated the obligation to disclose              of Commissioners, members of the
                                            information regarding shareholders who own 5% (five            Board of Directors, and/or the Bank’s
                                            percent) or more of Public Company shares. In addition,        Controlling Shareholders.
                                            the obligation to disclose information regarding major
                                            and controlling shareholders of Public Companies, either
                                            directly or indirectly, is up to the last beneficial owner
                                            in the ownership of the shares. In this Governance
                                            Guidelines, it is recommended to disclose the ultimate
                                            beneficial owner of share ownership of a Public Company
                                            of at least 5% (five percent), in addition to disclosing the
                                            ultimate beneficial owner of share ownership by major
                                            and controlling shareholders.




    790                                                                                                                    Laporan Tahunan 2025
Page 791
                                                                                                        PT Bank Mandiri Taspen




Good Corporate Governance Assessment
Good Corporate Governance Assessment


Sebagai salah satu upaya dalam mengukur atau memetakan            As one of the e orts in measuring or mapping the condition
kondisi perusahaan dalam penerapan GCG adalah melalui             of the company in the implementation of GCG is through
GCG Assessment. Langkah ini dilakukan untuk memastikan            GCG Assessment. This step is taken to ensure the level of
level penerapan GCG dan untuk mengidentifikasi langkah-           GCG implementation and to identify appropriate measures
langkah yang tepat guna mempersiapkan infrastruktur dan           to prepare the infrastructure and corporate structure that is
struktur perusahaan yang kondusif bagi penerapan GCG              conducive to the effective implementation of GCG. In other
secara efektif. Dengan kata lain, GCG assessment dibutuhkan       words, GCG assessment is needed to identify the aspects that
untuk mengidentifikasi aspek-aspek yang perlu mendapatkan         need attention first, and the steps that can be taken to make it
perhatian terlebih dahulu, dan langkah-langkah yang dapat         happen.
diambil untuk mewujudkannya.


Dalam rangka evaluasi penerapan GCG, Bank Mandiri Taspen          In order to evaluate the implementation of GCG, Bank Mandiri
melaksanakan GCG Assessment yang dilaksanakan secara              Taspen implement GCG Assessment which is carried out
periodik dan konsisten setiap tahun yang terdiri dari Self        periodically and consistently every year consisting of Self-
assessment sesuai dengan ketentuan POJK dan melalui Third         Assessment in accordance with POJK provisions and through
Party Assessment, sebagai berikut.                                Third Party Assessment, as follows.



Self Assessment Sesuai Ketentuan                                  Self Assessment According to The
Otoritas Jasa Keuangan (OJK)                                      Terms of Authority Financial Authority
                                                                  (OJK)

Kriteria Penilaian                                                Criteria for Assessment

Kriteria yang digunakan dalam melakukan self assessment pada      The criteria used in conducting the self-assessment is OJK
semester I adalah Surat Edaran Otoritas Jasa Keuangan No.         Circular Letter No. 13/ SEOJK.03/2017 on the implementation
13/SEOJK.03/2017 tentang Penerapan tata kelola bagi Bank          of governance for commercial banks. This self-assessment
Umum. Penilaian sendiri ini dimaksudkan untuk memetakan           is intended to map the strength and weakness of GCG
kekuatan (strenght) dan kelemahan (weakness) pelaksanaan          implementation at Bank Mandiri in terms of three aspects:
GCG di Bank Mandiri Taspen yang ditinjau dari tiga aspek yaitu:
1. Governance Structure                                           1. Governance Structure
    Penilaian governance structure bertujuan untuk menilai           The governance structure assessment aims to assess
    kecukupan struktur dan infrastruktur tata kelola Perseroan       the adequacy of the Company’s governance structure
    agar proses pelaksanaan prinsip GCG menghasilkan                 and infrastructure so that the GCG implementation
    outcome yang sesuai dengan harapan stakeholders                  process will result in an outcome that is in line with
    Perseroan. Yang termasuk dalam struktur tata kelola              the expectations of the Company’s stakeholders.
    Perseroan adalah Komisaris, Direksi, Komite dan satuan           Included in the Company’s governance structure are the
    kerja pada Perseroan. Adapun yang termasuk infrastruktur         Commissioners, DirectorsCommittees and work units of the
    tata kelola Perseroan antara lain adalah kebijakan dan           Company. Those that include the Company’s governance
    prosedur, sistem informasi manajemen serta tugas pokok           infrastructure include policies and procedures, management
    dan fungsi masing-masing struktur organisasi.                    information systems and the main tasks and functions of
2. Governance Process                                                each organizational structure.
    Penilaian governance process bertujuan untuk menilai          2. Governance Process
    efektivitas proses pelaksanaan prinsip GCG yang didukung         The governance process assessment aims to assess
    oleh kecukupan struktur dan infrastruktur tata kelola            the effectiveness of the GCG implementation process
    Perseroan sehingga menghasilkan outcome yang sesuai              supported by the adequacy of the Company’s governance
    dengan harapan stakeholders.                                     structure and infrastructure to produce outcomes that meet
                                                                     the expectations of stakeholders.




2025 Annual Report                                                                                                      791
Page 792
Corporate Governance
Corporate Governance




3. Governance Outcome                                             3. Governance Outcome
   Penilaian governance outcome bertujuan untuk menilai              The governance outcome assessment aims to assess
   kualitas outcome yang memenuhi harapan stakeholders               the quality of outcomes that meet the expectations of
   yang merupakan hasil proses pelaksanaan prinsip GCG               stakeholders as a result of the GCG implementation process
   yang didukung oleh kecukupan struktur dan infrastruktur           supported by the adequacy of the Company’s governance
   tata kelola Perseroan. Yang termasuk dalam outcome                structure and infrastructure. Included in the outcome include
   mencakup aspek kualitatif dan aspek kuantitatif, antara lain      qualitative aspects and quantitative aspects, among others
   yaitu:                                                            are:
   a. Kecukupan transparansi laporan.                                a. Adequacy of report transparency.
   b. Kepatuhan terhadap peraturan perundang-undangan.               b. Compliance with laws and regulations.
   c. Perlindungan konsumen.                                         c. Consumer protection.
   d. Objektivitas dalam melakukan assessment/audit.                 d. Objectivity in conducting assessment/audit
   e. Kinerja bank seperti rentabilitas, efisiensi, dan              e. Bank performance such as profitability, efficiency, and
       permodalan.                                                        capital.
   f. Peningkatan/penurunan kepatuhan terhadap ketentuan             f. Increase/decrease of compliance with prevailing
       yang berlaku dan penyelesaian permasalahan yang                    regulations and settlement of problems faced by banks
       dihadapi bank seperti fraud, pelanggaran Batas                     such as fraud, violation of Legal Lending Limit (BMPK),
       Maksimum Pemberian Kredit (BMPK), pelanggaran                      violation of provisions related to bank statements to
       ketentuan terkait laporan bank kepada regulator.                   regulators.


Self assessment meliputi 11 (sebelas) faktor penilaian            Self-assessment includes 11 (eleven) assessment factors of
pelaksanaan GCG yang meliputi:                                    GCG implementation which include:
1. Pelaksanaan tugas dan tanggung jawab Dewan Komisaris.          1. Implementation of duties and responsibilities of the Board
                                                                      of Commissioners
2. Pelaksanaan tugas dan tanggung jawab Direksi.                  2. Implementation of duties and responsibilities of the Board
                                                                      of Directors
3.  Kelengkapan dan pelaksanaan tugas Komite.                     3. Completeness and execution of the Committee’s duties
4.  Penanganan benturan kepentingan.                              4. Handling of conflict of interest
5.  Penerapan fungsi kepatuhan.                                   5. Implementation of compliance function
6.  Penerapan fungsi audit internal.                              6. Implement internal audit function
7.  Penerapan fungsi audit eksternal.                             7. Implementation of external audit function
8.  Penerapan manajemen risiko termasuk sistem pengendalian       8. Implementation of risk management including internal
    internal.                                                         control system l
9. Penyediaan dana kepada pihak terkait (related party) dan       9. Provision of funds to related parties (related party) and the
    penyediaan dana besar (large exposure).                           provision of large funds (large exposure)
10. Transparansi kondisi keuangan dan non keuangan Bank,          10. Transparency of Bank’s financial and nonfinancial condition,
    laporan pelaksanaan Good Corporate Governance dan                 Good Corporate Governance implementation report and
    pelaporan internal.                                               internal reporting
11. Rencana Strategis Bank.                                       11. Bank’s Strategic Plan.


Penilaian Self Assessment Good Corporate Governance (GCG)         The Second Semester Good Corporate Governance (GCG) Self
Semester II dilaksanakan pada posisi akhir Desember 2025.         Assessment will be conducted at the end of December 2025. In
Dalam pelaksanaannya, standar penerapan tata kelola mengacu       its implementation, the governance implementation standards
pada Peraturan OJK Nomor 17 Tahun 2023 tentang Penerapan          refer to OJK Regulation Number 17 of 2023 concerning the
Tata Kelola bagi Bank Umum serta mulai menyesuaikan dengan        Implementation of Governance for Commercial Banks and begin
ketentuan dalam Surat Edaran OJK Nomor 14/POJK.03/2025            to adjust to the provisions in OJK Circular Letter Number 14/
mengenai Penerapan Tata Kelola bagi Bank Umum.                    POJK.03/2025 concerning the Implementation of Governance
                                                                  for Commercial Banks.


Indikator yang menjadi standar pelaksanaan Self Assessment        The indicators used as the standard for the Self Assessment
meliputi 16 (enam belas) parameter, yang terdiri dari:            implementation consist of 16 (sixteen) parameters, namely:
1. Pelaksanaan tugas, tanggung jawab, dan wewenang                1. Implementation of the duties, responsibilities, and
    Direksi.                                                         authorities of the Board of Directors.
2. Pelaksanaan tugas, tanggung jawab, dan wewenang                2. Implementation of the duties, responsibilities, and
    Dewan Komisaris.                                                 authorities of the Board of Commissioners.




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3.  Kelengkapan dan pelaksanaan tugas komite.                              3.  Completeness and implementation of committee duties.
4.  Penanganan benturan kepentingan.                                       4.  Management of conflicts of interest.
5.  Penerapan fungsi kepatuhan.                                            5.  Implementation of the compliance function.
6.  Penerapan fungsi audit intern.                                         6.  Implementation of the internal audit function.
7.  Penerapan fungsi audit ekstern.                                        7.  Implementation of the external audit function.
8.  Penerapan manajemen risiko termasuk sistem pengendalian                8.  Implementation of risk management, including the internal
    intern.                                                                    control system.
9. Pemberian remunerasi.                                                   9. Provision of remuneration.
10. Penyediaan dana kepada pihak terkait dan penyediaan                    10. Provision of funds to related parties and large exposures.
    dana besar.
11. Integritas pelaporan dan sistem teknologi informasi.                   11. Integrity of reporting and information technology systems.
12. Rencana strategis Bank.                                                12. The Bank’s strategic plan.
13. Aspek pemegang saham.                                                  13. Shareholder aspects.
14. Penerapan strategi anti fraud, termasuk anti penyuapan.                14. Implementation of anti-fraud strategies, including anti-
                                                                               bribery measures.
15. Penerapan keuangan berkelanjutan, termasuk penerapan                   15. Implementation of sustainable finance, including the
    tanggung jawab sosial dan lingkungan.                                      application of social and environmental responsibility.
16. Penerapan tata kelola dalam KUB.                                       16. Implementation of governance within the KUB (Banking
                                                                               Business Group).



Pihak yang Melakukan Assessment                                            Parties That Conduct Assessment

Proses penilaian self assessment tata kelola Bank Mandiri                  The self-assessment process of corporate governance at Bank
Taspen melibatkan seluruh Dewan Komisaris, Direksi dan unit                Mandiri Taspen involved the entire Board of Commissioners, the
kerja yang terkait dengan faktor penilaian tata kelola dimaksud.           Board of Directors, and all work units related to the governance
                                                                           assessment factors.



Skor Penilaian                                                             Assessment Score


                                                                                                                       Peringkat Semester I
 No               Faktor Penilaian Tata Kelola                       Governance Assessment Factors
                                                                                                                       Semester Ranking - I

         Pelaksanaan tugas dan tanggung jawab Dewan           Implementation of duties and responsibilities of the
     1                                                                                                                           2
         Komisaris                                            Board of Commissioners

                                                              Implementation of duties and responsibilities of the
     2   Pelaksanaan tugas dan tanggung jawab Direksi                                                                            2
                                                              Board of Directors

                                                              Completeness and implementation of Committee
     3   Kelengkapan dan pelaksanaan tugas Komite                                                                                2
                                                              duties

     4   Penanganan benturan kepentingan                      Handling of conflicts of interest                                  1

     5   Penerapan fungsi Kepatuhan Bank                      Implementation of the Bank's Compliance function                   2

     6   Penerapan fungsi Audit Internal                      Implementation of the Internal Audit function                      2

     7   Penerapan fungsi Audit Eksternal                     Implementation of the External Audit function                      1

         Penerapan fungsi Manajemen Risiko termasuk           Implementation of the Risk Management function
     8                                                                                                                           2
         sistem pengendalian intern                           including the internal control system

         Penyediaan dana kepada pihak terkait (related        Provision of funds to related parties and provision of
     9                                                                                                                           2
         party) dan penyediaan dana besar (large exposure).   large exposure funds.




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                                                                                                                   Peringkat Semester I
 No             Faktor Penilaian Tata Kelola                        Governance Assessment Factors
                                                                                                                   Semester Ranking - I

       Transparansi konisi keuangan dan non keuangan         Transparency of the Bank's financial and non-
  10   Bank, laporan pelaksanaan Tata Kelola dan laporan     financial conditions, reports on the implementation            2
       internal                                              of Governance and internal reports

  11   Rencana strategis Bank                                Bank's strategic plan                                          2

                                              Peringkat Komposit
                                                                                                                            2
                                               Composite Rating




                                                                                                                   Peringkat Semester II
 No             Faktor Penilaian Tata Kelola                        Governance Assessment Factors
                                                                                                                   Semester Ranking - II

       Pelaksanaan tugas, tanggung jawab, dan                Implementation of duties and responsibilities of
  1                                                                                                                          2
       wewenang Direksi                                      Director

       Komisaris Pelaksanaan tugas, tanggung jawab, dan      Execution of the duties, responsibilities, and
  2                                                                                                                          2
       wewenang Dewan Komisaris                              authorities of the Board of Commissioners

                                                             Completeness and implementation of Committee
  3    pelaksanaan Kelengkapan dan tugas komite                                                                              1
                                                             duties

  4    Penanganan benturan kepentingan                       Handling of conflicts of interest                               1

  5    Penerapan fungsi Kepatuhan                            Implementation of the Compliance function                       2

  6    Penerapan fungsi Audit Intern                         Implementation of the Internal Audit function                   2

  7    Penerapan fungsi Audit Ekstern                        Implementation of the External Audit function                   1

       Penerapan Manajemen Risiko termasuk sistem            Implementation of Risk Management, including the
  8                                                                                                                          2
       pengendalian intern                                   Internal Control System

  9    Pemberian remunerasi                                  Remuneration Practices                                          1

       Penyediaan dana kepada pihak terkait dan              Provision of Funds to Related Parties and Large
 10                                                                                                                          1
       penyediaan dana                                       Exposures

                                                             Integrity of Reporting and Information Technology
 11    Integritas pelaporan dan sistem teknologi informasi                                                                   2
                                                             Systems

 12    Rencana strategis Bank                                The Bank’s Strategic Plan                                       1

 13    Aspek pemegang saham                                  Shareholder Aspects                                             1

       Penerapan strategi anti fraud, termasuk anti          Implementation of Anti-Fraud Strategy, including
 14                                                                                                                          1
       penyuapan                                             Anti-Bribery Measures

       Penerapan keuangan berkelanjutan, termasuk            Implementation of Sustainable Finance, including
 15                                                                                                                          2
       penerapan tanggung jawab sosial dan lingkungan        Environmental and Social Responsibility

                                                             Implementation of Governance within the Business
 16    Penerapan tata kelola dalam KUB                                                                                       1
                                                             Group (KUB)

                                              Peringkat Komposit
                                                                                                                             2
                                               Composite Rating




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                                 Hasil Penilaian Sendiri (Self-Assessment) Penerapan Tata Kelola
                                      Self-Assessment Results of Governance Implementation

                   Peringkat
                                                 Definisi Peringkat                                     Definition of Rank
                    Ranking

                                  Mencerminkan manajemen Bank telah melakukan            This rating reflected that the Bank’s management had
                                  penerapan Tata Kelola yang secara umum baik.           generally implemented Good Corporate Governance
                                  Hal ini tercermin dari pemenuhan yang sangat           at a sound level. This was evidenced by the very
                                  memadai atas prinsip Tata Kelola. Dalam hal terdapat   adequate fulfillment of governance principles. Where
 Individual            2
                                  kelemahan penerapan prinsip Tata Kelola, secara        weaknesses in the implementation of governance
                                  umum kelemahan tersebut tidak signifikan dan dapat     principles existed, such weaknesses were generally
                                  segera dilakukan perbaikan oleh manajemen Bank.        not significant and could be promptly addressed by
                                                                                         the Bank’s management.


                               Analisis                                                              Analysis

 Secara umum penerapan Tata Kelola Bank telah berjalan dengan          In general, the implementation of the Bank’s governance had
 baik, manajemen Bank telah melaksanakan prinsip-prinsip tata kelola   been carried out effectively. Management had applied governance
 dan telah mempersiapkan struktur tata kelola yang mendukung           principles and established a supporting governance structure,
 seperti struktur organisasi, sumber daya manusia yang kompeten        including organizational structure, competent human resources, as
 dan kebijakan serta prosedur pendukung pelaksanaan aktivitas bank.    well as policies and procedures supporting the Bank’s operational
 Selain itu manajemen Bank dari waktu ke waktu juga melakukan upaya-   activities. Furthermore, management continuously undertook
 upaya penyempurnaan agar pelaksanaan tata kelola dapat sejalan        improvement initiatives to ensure that governance practices remained
 dengan perkembangan bisnis Bank. Perbaikan dilakukan dengan           aligned with the Bank’s business developments. These improvements
 memperhatikan masukan dari Dewan Komisaris Bank berdasarkan           were implemented by taking into account inputs from the Board of
 hasil pemantauan/review/rekomendasi dari Komite yang mendukung        Commissioners, based on monitoring, reviews, and recommendations
 tugas dan tanggung jawab Dewan Komisaris.                             from committees supporting the Board’s duties and responsibilities.

 Pada periode pelaporan tidak terdapat pelanggaran prinsip kehati-     During the reporting period, there were no breaches of prudential
 hatian dalam pemenuhan antara lain CAR, Modal Inti, GWM, dan NPL      principles, including compliance with Capital Adequacy Ratio (CAR),
 serta tidak terjadi pelampauan dan/atau pelanggaran BMPK. Komitmen    Core Capital, Statutory Reserves (GWM), and Non-Performing
 bank terkait dengan hasil pemeriksaan Otoritas Jasa Keuangan (OJK)    Loans (NPL), and there were no violations and/or breaches of the
 telah ditindaklanjuti sesuai dengan target waktu yang disepakati.     Legal Lending Limit (BMPK). Commitments related to the results of
                                                                       examinations by the Otoritas Jasa Keuangan had been followed up in
                                                                       accordance with the agreed timelines.




Rekomendasi dan Tindaklanjutnya                                          Recommendations and Follow-Up

Berdasarkan analisis Penilaian Sendiri (Self Assessment)                 Based on the Self-Assessment analysis of the implementation
pelaksanaan Tata Kelola yang terdiri dari Struktur Tata Kelola           of Good Corporate Governance, which comprised Governance
(Governance Structure), Proses Tata Kelola (Governance                   Structure, Governance Process, and Governance Outcome
Process), dan Hasil Tata Kelola (Governance Outcome) pada                across each governance assessment factor, the following
masing-masing faktor penilaian Tata Kelola, maka dapat                   conclusions were drawn:
disimpulkan bahwa:
1. Governance Structure                                                  1. Governance Structure
    a. Faktor-faktor Positif aspek governance structure dapat               a. Positive factors in the governance structure aspect can
       disampaikan:                                                            be conveyed:
       • Secara struktur tata kelola, Bank Mandiri Taspen                      • From a governance structure perspective, Bank
           telah memiliki struktur organisasi yang sesuai                          Mandiri Taspen had established an organizational
           dengan penerapan tata kelola bagi Bank Umum                             structure in line with governance requirements
           seperti Dewan Komisaris, Direksi, Komite-Komite                         for Commercial Banks, including the Board of
           dibawah Dewan Komisaris dan Komite dibawah                              Commissioners, Board of Directors, committees
           Direksi serta satuan-satuan kerja dibawah Direksi                       under the Board of Commissioners and the Board of
           seperti Satuan Kerja Audit Intern, Risk Manajemen                       Directors, as well as supporting work units such as
           dan Satuan Kerja Kepatuhan untuk pemenuhan                              Internal Audit, Risk Management, and Compliance
           kecukupan pelaksanaan prinsip-prinsip tata kelola.                      units to ensure adequate implementation of
                                                                                   governance principles.
        •     Komposisi Direksi dan Dewan Komisaris Bank                       • The composition of the Board of Directors and the
              Mandiri Taspen telah memenuhi ketentuan                              Board of Commissioners complied with regulatory
              berdasarkan Akta Keputusan Sirkuler tanggal 04                       provisions, as stipulated in the Circular Resolution




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          Desember 2025, Jumlah Direksi 8 (delapan) orang                  dated December 4, 2025, with 8 (eight) Directors
          dan Dewan Komisaris 7 (tujuh) orang.                             and 7 (seven) Commissioners.
      • Lebih dari 50% dari jumlah Dewan Komisaris                     • More than 50% of the members of the Board of
          adalah Komisaris Independen.                                     Commissioners were Independent Commissioners.
   b. Faktor Negatif aspek governance Structure dapat               b. Negative factors in the governance structure aspect
      disampaikan:                                                     can be conveyed:
      • Terdapat 8 (delapan) Direksi dan 6 (enam) Dewan                • A total of 8 (eight) Directors and 6 (six)
          Komisaris yang belum lulus Fit and Proper Test                   Commissioners had not yet passed the Fit and
          (masih dalam proses FnP)                                         Proper Test (still under process).
      • Saat ini bank memiliki 3 komite di bawah Dekom                 • The Bank currently had 3 committees under the
          dan efektif tersedia 1 Komisaris Independen,                     Board of Commissioners, while only 1 Independent
          maka jabatan ketua komite hanya bisa dipenuhi 2                  Commissioner was effectively available. As a result,
          komite yaitu ketua komite audit dan ketua komite                 only 2 committee chair positions could be fulfilled
          pemantau risiko, Jabatan komite remunerasi dan                   (Audit Committee and Risk Monitoring Committee),
          nominasi sementara akan kosong dan untuk                         while the Remuneration and Nomination
          kebutuhan dalam memimpin rapat akan ditunjuk                     Committee chair position remained vacant, with
          dari anggota.                                                    meeting leadership assigned temporarily from
                                                                           among committee members.


       Tindak lanjut:                                                   Follow-up Actions:
       Proses pengajuan Dokumen Fit and Proper Test Direksi             Submission Process of Fit and Proper Test Documents
       dan Dewan Komisaris ke OJK                                       for the Board of Directors and Board of Commissioners
                                                                        to the Otoritas Jasa Keuangan


2. Governance Process                                           2. Governance Process
   a. Faktor-faktor Positif aspek governance process, antara       a. Positive factors in the governance process include:
      lain:
      ·    Efektifitas proses implementasi Tata Kelola secara           • The effectiveness of governance implementation
           umum telah dilaksanakan dengan baik yang                       processes had generally been well executed, as
           tercermin dalam pemenuhan kewajiban Bank                       reflected in the Bank’s fulfillment of obligations to
           kepada seluruh stakeholder selain itu proses                   all stakeholders. Decision-making processes, both
           pengambilan keputusan baik bisnis dan non bisnis               business and non-business, had been conducted
           telah dilaksanakan dengan berpedoman kepada                    in accordance with governance principles, thereby
           prinsip Tata Kelola sehingga dapat meningkatkan                enhancing efficiency and achievement of corporate
           efisiensi dan pencapaian target-target perusahaan.             targets.
   b. Faktor Negatif aspek governance process, antara lain:     b. Negative factors in the governance process include:
      • Terdapat perbaikan yang perlu ditindaklanjuti              • Improvements were required in the implementation of
           oleh bank dalam penerapan program APU PPT &                AML, CTF, and CPF programs following findings from
           PPPSPM atas hasil pemeriksaan OJK tahun 2025               the 2025 examination by Otoritas Jasa Keuangan.
      • Masih terdapat beberapa pelanggaran prosedur                  • There were still several operational procedure
           operasional oleh pegawai walaupun temuan tersebut              violations by employees, although such findings did
           tidak menimbulkan kerugian signifikan pada Bank.               not result in significant losses to the Bank.


       Tindak lanjut:                                           		Follow-up Actions:
       Meningkatkan peran three lines of defense, melakukan       Enhanced the role of the three lines of defense,
       sosialisasi ketentuan internal serta melakukan review      conducted socialization of internal policies, and
       pengkinian atas pedoman internal saat ini sesuai           performed reviews and updates of existing internal
       dengan ketentuan dan kebutuhan bank.                       guidelines in accordance with prevailing regulations
                                                                  and the Bank’s needs.
3. Governance Outcome
   a. Faktor-faktor positif aspek governance outcome, antara    3. Governance Outcome
      lain:                                                        a. Positive factors in the governance outcome aspect
      • Faktor-faktor positif aspek governance outcome                include:
           dapat dijelaskan bahwa kinerja Bank telah                  • The Bank’s performance demonstrated year-on-
           menunjukkan pertumbuhan business secara year                   year (YoY) business growth compared to the same




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           on year (YoY) di banding dengan periode yang                      period. The Bank also showed strong commitment
           sama. Komitmen Bank untuk mematuhi ketentuan                      to regulatory compliance and prompt responses to
           yang berlaku serta merespon secara cepat                          findings from internal audits, external audits, and
           atas temuan audit intern maupun ekstern dan                       examinations by Otoritas Jasa Keuangan.
           pemeriksaan OJK.
       •   Bank memperoleh predikat “Most Trusted” pada                  •  The Bank achieved the “Most Trusted” predicate in
           pelaksanaan CGPI dengan skor mencapai 91.02,                     the Corporate Governance Perception Index (CGPI)
           meningkat dari periode sebelumnya 90.56..                        assessment, with a score of 91.02, improving from
                                                                            90.56 in the previous period.
    b. Faktor negatif aspek governance outcome, antara lain:         b. Negative factors in the governance outcome aspect
       • Selama semester II/2025 terdapat sanksi                        include:
           administratif berupa denda dari hasil pemeriksaan            • During the second semester of 2025, the Bank
           berkala OJK terhadap Bank terkait kesalahan                      incurred an administrative sanction in the form
           pelaporan pada SLIK sebesar Rp 50.000.000                        of a fine arising from a periodic examination by
           sesuai Surat OJK No. SR-123/PB.21/2025 tanggal                   Otoritas Jasa Keuangan related to reporting errors
           22 Juli 2025                                                     in the Financial Information Service System (SLIK),
                                                                            amounting to IDR50,000,000, as stated in OJK
                                                                            Letter No. SR-123/PB.21/2025 dated July 22,
                                                                            2025.


        Tindak lanjut:                                            		Follow-up Actions:
        Peningkatan kualitas pengawasan supervisi terus             Enhanced the quality of supervisory oversight through
        dilakukan melalui training terkait operasional serta        operational-related training, as well as system
        melakukan serta melakukan pengembangan sistem               development to minimize human error in the execution
        guna meminimalisasi human error dalam pelaksanaan           of duties.
        tugas.



Assessment GCG Berdasarkan CGPI                                   GCG Assessment Based on CGPI

Selain melaksanakan Self assessment, Bank Mandiri Taspen          In addition to implementing Self Assessment, Bank Mandiri
juga secara konsisten telah melaksanakan Third Party              Taspen has also consistently implemented Third Party
Assessment yang dimaksudkan untuk mendapatkan second              Assessment which is intended to get a second opinion on the
opinion terhadap kualitas implementasi GCG dalam rangka           quality of GCG implementation in order to improve the quality
perbaikan kualitas implementasi GCG secara berkelanjutan.         of GCG implementation on an ongoing basis. Third Party
Third Party Assessment dilaksanakan melalui program               Assessment is carried out through the Corporate Governance
Corporate Governance Perception Index (CGPI) yang diadakan        Perception Index (CGPI) program held by The Indonesian
oleh The Indonesian Institute of Corporate Governance (IICG).     Institute of Corporate Governance (IICG). CGPI is followed
CGPI diikuti oleh perusahaan publik (emiten), BUMN, perbankan     by public companies (issuers), SOEs, banks and other private
dan perusahaan swasta lainnya.                                    companies.



Kriteria Penilaian                                                Assessment Criteria

Aspek dan Indikator penilaian dalam CGPI adalah sebagai           The aspects and indicators assessed in the Corporate
berikut:                                                          Governance Perception Index (CGPI) were as follows:
1. Struktur Governansi (Governance Structure)                     1. Governance Structure
    Aspek struktur governansi merupakan penilaian terhadap           The governance structure aspect assessed the adequacy
    kecukupan struktur dan infrastruktur perusahaan dalam            of the Company’s structure and infrastructure in managing
    mengelola perubahan model bisnis yang menciptakan                business model changes to create value for stakeholders
    nilai bagi para pemangku kepentingan sesuai dengan               in accordance with governance principles. The indicators
    prinsip governansi. Indikator penilaian dari aspek struktur      included:
    governansi meliputi:
    a. Pemegang Saham                                                a. Shareholders
    b. Dewan Komisaris                                               b. Board of Commissioners




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   c. Direksi                                                      c. Board of Directors
   d. Penanggung jawab manajemen fungsional                        d. Functional Management Accountability
2. Proses Governansi (Governance Process)                       2. Governance Process
   Aspek proses governansi merupakan penilaian terhadap            The governance process aspect assessed the effectiveness
   efektivitas sistem dan mekanisme dalam mengelola                of systems and mechanisms in managing business model
   perubahan model bisnis yang menciptakan nilai bagi para         changes to create value for stakeholders in accordance with
   pemangku kepentingan sesuai dengan prinsip governansi.          governance principles. The indicators included:
   Indikator penilaian dari aspek proses governansi meliputi:
   a. Governansi pemenuhan hak Pemegang Saham dan                   a. Governance of Shareholders’ rights fulfillment and the
       RUPS                                                            General Meeting of Shareholders (GMS)
   b. Governansi Dewan Komisaris dan Direksi                       b. Governance of the Board of Commissioners and Board
                                                                       of Directors
   c.   Governansi korporasi                                       c. Corporate governance practices
   d.   Governansi pengungkapan dan keterbukaan informasi          d. Governance of disclosure and transparency
   e.   Governansi pengawasan internal dan eksternal               e. Governance of internal and external oversight
   f.   Governansi pengelolaan risiko dan kepatuhan                f. Governance of risk management and compliance
   g.   Governansi modal insani (human capital)                    g. Governance of human capital
   h.   Governansi tanggung jawab sosial dan lingkungan            h. Governance of social and environmental responsibility
   i.   Governansi pengadaan barang/jasa                           i. Governance of procurement of goods/services
   j.   Governansi teknologi informasi                             j. Governance of information technology
   k. Governansi perencanaan stratejik                             k. Governance of strategic planning
   l. Governansi inovasi bisnis                                    l. Governance of business innovation
3. Hasil Governansi (Governance Outcome)                        3. Governance Outcome
   Aspek hasil governansi merupakan penilaian terhadap             The governance outcome aspect assessed the quality
   kualitas luaran, hasil, dampak dan manfaat dari mengelola       of outputs, results, impacts, and benefits derived from
   perubahan model bisnis yang menciptakan nilai bagi para         managing business model changes to create value for
   pemangku kepentingan sesuai dengan prinsip governansi.          stakeholders in accordance with governance principles. The
   Indikator penilaian dari aspek hasil governansi meliputi:       indicators included:
   a. Kinerja Keuangan                                             a. Financial Performance
   b. Kinerja Non Keuangan                                         b. Non-Financial Performance



Pihak yang Melakukan Assessment                                 Parties That Conduct Assessment

Pihak yang melakukan penilaian CGPI yaitu The Indonesian        The party that carries out the CGPI assessment is the Indonesian
Institute of Corporate Governance (IICG).                       Institute of Corporate Governance (IICG).




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Skor Penilaian                                                         Assessment Score


         85,8             87,44             88,87              89,06               90,06             90,56             91,02




      2018 / 2019      2019 / 2020       2020 / 2021        2021 / 2022         2022 / 2023       2023 / 2024       2024 / 2025


      Penguatan        Membangun         Membangun          Membangun          Membangun         Membangun          Membangun
    Platform Bisnis    Keunggulan        Ketahanan          Ketangguhan        Ketangkasan       Kematangan          Kapabilitas
    Dalam Kerangka    Bersaing Dalam     Perusahaan          Perusahaan         Perusahaan        Perusahaan           Dinamis
          GCG         Kerangka GCG      Dalam Rangka       Dalam Kerangka     Dalam Kerangka    Dalam Kerangka      Perusahaan
     Strengthening       Building            GCG                GCG                GCG                GCG         Dalam Kerangka
        Business       Competitive         Building            Building           Building          Building             GCG
       Platforms        Advantage         Company             Company         Company Agility      Corporate      Building Dynamic
    within the GCG    within the GCG   Resilience in the      Resilience      within the GCG    Maturity Within       Company
      Framework         Framework      Context of GCG      within the GCG       Framework           the GCG         Capabilities
                                                             Framework                            Framework        Within the GCG
                                                                                                                     Framework




Hasil penilaian CGPI 2024/2025 dengan tema “Membangun                  The 2024/2025 CGPI assessment, themed “Building Dynamic
Kapabilitas Dinamis Perusahaan Dalam Kerangka GCG” di                  Corporate Capabilities Within a GCG Framework,” at PT Bank
PT Bank Mandiri Taspen menunjukkan skor 91,02. Hasil                   Mandiri Taspen, yielded a score of 91.02. Based on this score,
pemeringkatan berdasarkan skor tersebut, PT Bank Mandiri               PT Bank Mandiri Taspen is ranked as “Highly Trusted.”
Taspen berada dalam kategori predikat “Sangat Tepercaya”.




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Rekomendasi dan Tindaklanjutnya                                              Rekomendasi dan Tindaklanjutnya

I. Rekomendasi Khusus                                                        I. Special Recommendations


 No                     Rekomendasi                                                        Tanggapan/Action Plan
                       Recommendation                                                           Action Plan

 Aspek Struktur Tata Kelola (Governance Structure)
 Governance Structure Aspect

  1    Bank Mandiri Taspen perlu mengoptimalkan               Berdasarkan Keputusan Pemegang Saham tanggal 4 Desember 2025, Bank
       jumlah komisaris independen dalam komposisi            telah mengangkat anggota Dewan Komisaris sebanyak 7 (tujuh) orang, di mana 5
       Dewan Komisaris yang mengacu pada praktik              (lima) di antaranya merupakan Komisaris Independen, termasuk Komisaris Utama.
       terbaik.                                               Komposisi tersebut telah melampaui ketentuan minimum yang dipersyaratkan,
       Bank Mandiri Taspen needs to optimize the              yaitu sekurang-kurangnya 50% dari total anggota Dewan Komisaris.
       number of independent commissioners within             Based on the Shareholders’ Resolution dated December 4, 2025, the Bank appointed
       the composition of the Board of Commissioners in       7 (seven) members to the Board of Commissioners, of which 5 (five) are Independent
       accordance with best practices.                        Commissioners, including the President Commissioner. This composition exceeds
                                                              the minimum requirement, which stipulates that at least 50% of the total members
                                                              of the Board of Commissioners must be Independent Commissioners.

  2    Bank Mandiri Taspen perlu mengoptimalkan               Bank akan melakukan review dan penyesuaian struktur organisasi secara berkala
       dan menetapkan rancangan struktur organisasi           dengan mengedepankan kejelasan akuntabilitas, efektivitas span of control,
       dengan garis akuntabilitas yang jelas, dan hierarki    agility lintas fungsi, serta kesiapan kapabilitas digital guna memastikan organisasi
       yang fleksibel, serta adaptif dengan dinamika          tetap selaras dengan strategi pertumbuhan, kebutuhan nasabah, dan perubahan
       dari rencana strategis perusahaan, kebutuhan           lingkungan industri.
       bisnis, perkembangan teknologi, dan perubahan          The Bank will periodically review and adjust its organizational structure by
       lingkungan eksternal lainnya.                          emphasizing clear accountability, effective span of control, cross-functional agility,
       Bank Mandiri Taspen needs to optimize and              and digital capability readiness to ensure alignment with growth strategies,
       establish an organizational structure design with      customer needs, and changes in the industry environment.
       clear lines of accountability, as well as a flexible
       hierarchy that is adaptive to the dynamics of
       the Company’s strategic plans, business needs,
       technological developments, and other changes in
       the external environment.

  3    Bank    Mandiri   Taspen    perlu    melakukan         Bank telah melakukan Pemutakhiran kebijakan dan evaluasi strategi secara berkala,
       pemutakhiran kebijakan dan strategi Perusahaan         serta melakukan penyesuaian jika terdapat perubahan regulasi yang signifikan atas
       secara berkala melalui analisis berbasis risiko        proses bisnis Bank secara keseluruhan
       yang komprehensif berkaitan dengan dinamika            The Bank has periodically updated its policies and evaluated its strategies, as well
       lingkungan bisnis dan industri agar dapat              as implemented adjustments in response to significant regulatory changes affecting
       mengoptimalkan potensi perusahaan                      the Bank’s overall business processes.
       Bank Mandiri Taspen needs to periodically update
       its policies and strategies through comprehensive
       risk-based analysis in relation to the dynamics of
       the business and industry environment in order to
       optimize the Company’s potential.

  4    Bank Mandiri Taspen perlu mengoptimalkan               Bank terus membangun budaya organisasi melalui The Mantap Ways yang
       budaya organisasi disetiap level struktur organisasi   mencakup lima karakteristik utama: Do the Right Thing & Way, Think Smart,
       yang bersemangat menghadapi tantangan, gesit,          Fast and Detail, Act Innovatively, C ollaborate for Results, dan C ustomer First, Always.
       fleksibel, adaptif, inovatif, serta berani mengambil   Nilai-nilai ini dirancang untuk diterapkan di seluruh level organisasi sebagai
       peluang.                                               landasan perilaku nyata yang mendorong setiap pegawai untuk bersikap gesit,
       Bank Mandiri Taspen needs to optimize its              adaptif, inovatif, dan berani mengambil peluang dalam menghadapi tantangan
       organizational culture at all levels of the            bisnis yang terus berkembang.
       organizational structure to foster a mindset that      The Bank continues to strengthen its organizational culture through The Mantap
       is resilient in facing challenges, agile, flexible,    Ways, which encompasses five core characteristics: Do the Right Thing & Way,
       adaptive, innovative, and proactive in capturing       Think Smart, Fast and Detail, Act Innovatively, Collaborate for Results, and
       opportunities.                                         Customer First, Always. These values are designed to be implemented across all
                                                              levels of the organization as a foundation for behavior, encouraging employees to
                                                              be agile, adaptive, innovative, and proactive in capturing opportunities amid an
                                                              evolving business landscape.




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 No                    Rekomendasi                                                      Tanggapan/Action Plan
                      Recommendation                                                         Action Plan

  5    Bank Mandiri Taspen perlu mengoptimalkan             Upaya Bank untuk mengoptimalkan hubungan dengan stakeholder diarahkan
       hubungan dengan stakeholder yang bernilai            untuk menciptakan nilai tambah bersama, memperkuat kinerja perusahaan,
       tambah melalui pembangunan ekosistem bisnis          serta memastikan pertumbuhan yang sehat dan berkelanjutan dengan tetap
       yang terintegrasi, kolaboratif, dan berorientasi     mengedepankan prinsip tata kelola perusahaan yang baik dengan:
       pada keberlanjutan, sehingga mampu mendukung         1. Memperkuat strategi komunikasi stakeholder yang terintegrasi dan konsisten di
       penciptaan kinerja unggul dan pertumbuhan               seluruh kanal.
       berkelanjutan.                                       2. Mengoptimalkan program stakeholder engagement kepada regulator, media,
       Bank Mandiri Taspen needs to optimize value-            dan komunitas secara terstruktur.
       added stakeholder relationships through the          3. Mengintegrasikan prinsip ESG dalam operasional perusahaan.
       development of an integrated, collaborative, and     4. Mendukung sinergi lintas unit dalam membangun ekosistem bisnis melalui
       sustainability-oriented business ecosystem, in          koordinasi komunikasi internal perusahaan.
       order to support the achievement of superior         The Bank’s efforts to optimize relationships with stakeholders are directed toward
       performance and sustainable growth.                  creating shared value, strengthening corporate performance, and ensuring
                                                            healthy and sustainable growth, while upholding the principles of good corporate
                                                            governance, by:
                                                            1. Strengthening an integrated and consistent stakeholder communication
                                                               strategy across all channels.
                                                            2. Optimizing structured stakeholder engagement programs with regulators,
                                                               media, and communities.
                                                            3. Integrating ESG principles into the Company’s operations.
                                                            4. Supporting cross-unit synergy in building the business ecosystem through
                                                               coordinated internal communication.


 Aspek Proses Tata Kelola (Governance Process)
 Governance Process Aspect

  1    Bank Mandiri Taspen perlu memperkuat penerapan       Bank akan terus memperkuat budaya integritas dan kepatuhan melalui
       pedoman etika dan kepatuhan di seluruh lini agar     penyelarasan kebijakan etika, peningkatan disiplin control environment, optimalisasi
       terhindar dari perilaku menyimpang dan lebih         whistleblowing dan fraud awareness, serta penguatan peran pimpinan sebagai
       tangguh menghadapi perubahan eksternal,              role model guna memitigasi risiko perilaku menyimpang dan menjaga resiliensi
       sehingga integritas dan keberlanjutan bisnis tetap   organisasi terhadap perubahan eksternal.
       terjaga.                                             The Bank will continue to strengthen a culture of integrity and compliance through
       Bank Mandiri Taspen needs to strengthen              the alignment of ethical policies, enhancement of discipline within the control
       the implementation of ethical guidelines and         environment, optimization of whistleblowing and fraud awareness, as well as
       compliance across all lines to prevent misconduct    reinforcing the role of leadership as role models to mitigate the risk of misconduct
       and enhance resilience to external changes,          and maintain organizational resilience to external changes.
       thereby safeguarding integrity and business
       sustainability.

  2    Bank Mandiri Taspen perlu mengoptimalkan sistem      Sejak tahun 2021 pengelolaan WBS di Bank Mandiri Taspen dikelola oleh pihak
       dan mekanisme efektifitas penerapan Whistle          eksternal independen, hal ini bertujuan untuk mengoptimalkan system dan
       Blowing System dengan memperhatikan umpan            mekanisme pelaporan WBS. Dalam penerapan WBS telah memperhatikan
       balik dari pelapor dan pemangku kepentingan,         umpan balik dari pelapor dan pemangku kepentingan. Seluruh laporan WBS akan
       serta melakukan perbaikan berkelanjutan agar         ditindaklanjuti apabila memenuhi unsur pelaporan 4W+1H (what, where, when,
       sistem tetap relevan dan berkelanjutan di masa       who & how) dan hasil tindaklanjutnya akan disampaikan kembali kepada pelapor.
       depan.                                               Secara berkelanjutan Bank menekankan agar setiap laporan yang disampaikan
       Bank Mandiri Taspen needs to optimize the            melalui saluran WBS harus memenuhi unsur 4W+1H dan disosialisasikan kepada
       effectiveness of its Whistleblowing System           seluruh pegawai secara berkelanjutan dalam bentuk poster, sosialisasi dan
       by considering feedback from reporters and           pembelajaran melalui metode E-Learning.
       stakeholders, as well as implementing continuous     Setiap tahun Unit Pengelola Strategi Anti Fraud (SAF) telah melakukan survey
       improvements to ensure the system remains            self assessment penerapan SAF kepada seluruh pimpinan unit baik di Kantor
       relevant and sustainable in the future.              Pusat maupun Distribution/Cabang yang didalamnya memuat implementasi WBS
                                                            sebagai salah satu feedback implementasi WBS
                                                            Since 2021, the management of the Whistleblowing System (WBS) at Bank Mandiri
                                                            Taspen has been handled by an independent external party, with the objective of
                                                            optimizing the system and reporting mechanism. In its implementation, the WBS
                                                            has incorporated feedback from reporters and stakeholders. All WBS reports are
                                                            followed up provided they meet the 4W+1H reporting elements (what, where,
                                                            when, who, and how), and the outcomes of such follow-up are communicated back
                                                            to the reporter.
                                                            On an ongoing basis, the Bank emphasizes that all reports submitted through
                                                            the WBS channel must fulfill the 4W+1H elements, which are continuously
                                                            communicated to all employees through posters, socialization programs, and
                                                            learning modules via e-learning methods.
                                                            Annually, the Anti-Fraud Strategy (SAF) Management Unit conducts a self-
                                                            assessment survey on the implementation of SAF across all unit heads at both the
                                                            Head Office and Distribution/Branch levels, which includes the implementation of
                                                            the WBS as one of the feedback mechanisms for evaluating its effectiveness.




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 No                     Rekomendasi                                                       Tanggapan/Action Plan
                       Recommendation                                                          Action Plan

  3    Bank Mandiri Taspen perlu memperkuat budaya            Upaya Bank dalam memperkuat budaya risiko terhadap merging risk yang terdiri
       risiko terhadap emerging risk, secara kolektif         dari:
       dan terintegrasi dengan sistem manajemen               1. Cyber Risk
       risiko perusahaan, yang mendorong perusahaan              Bank Mandiri Taspen menerapkan pengelolaan keamanan informasi melalui
       menjadi lebih cepat mendeteksi, lebih terbuka             tiga pilar utama Governance, Protection, dan Operations sebagai pendekatan
       dalam komunikasi, dan lebih adaptif merespons             terpadu dalam mengelola cyber risk yang terintegrasi dengan manajemen
       ketidakpastian, sehingga menopang kinerja                 risiko perusahaan dan selaras dengan regulasi. Pendekatan ini memperkuat
       unggul dan pertumbuhan berkelanjutan.                     budaya risiko siber agar organisasi lebih responsif dalam mendeteksi,
       Bank Mandiri Taspen needs to strengthen its risk          mengomunikasikan, dan menghadapi ancaman.
       culture in addressing emerging risks in a collective      • Penguatan dilakukan melalui tata kelola dan kontrol yang meningkatkan
       manner and in integration with the enterprise                 kesadaran, kepatuhan, serta prinsip kehati-hatian dalam penggunaan TI,
       risk management system, thereby enabling the                  sehingga risiko dapat dikelola secara konsisten dan terukur.
       Company to detect risks more promptly, foster             • Dari sisi teknis, Bank menerapkan kontrol berlapis mencakup network,
       greater openness in communication, and respond                endpoint, serta aplikasi dan data untuk menjaga kerahasiaan, integritas, dan
       more adaptively to uncertainties, in order to                 ketersediaan informasi.
       support superior performance and sustainable              • Kesiapan operasional didukung SOC 24/7, sistem monitoring dan respons
       growth.                                                       insiden terintegrasi, serta mekanisme backup dan recovery guna memastikan
                                                                     ketahanan Bank sesuai ekspektasi regulator.
                                                              2. ESG (Environmental, Social and Governance)
                                                                 Saat ini Bank Mandiri Taspen tidak terekspos signifikan dengan Risiko
                                                                 Perubahan Iklim dikarenakan mayoritas pembiayaan Bank adalah pada segmen
                                                                 pensiunan, sehingga Bank berfokus pada pengelolaan risiko perubahan iklim
                                                                 untuk internal melalui efisiensi penggunaan energi, kertas dan meningkatkan
                                                                 penggunaan produk dengan bahan yang ramah lingkungan untuk kegiatan
                                                                 internal perusahaan
                                                              The Bank’s efforts to strengthen its risk culture in addressing emerging risks
                                                              include:
                                                              1. Cyber Risk
                                                                  Bank Mandiri Taspen implements information security management through
                                                                  three main pillars—Governance, Protection, and Operations—as an integrated
                                                                  approach to managing cyber risk in alignment with enterprise risk management
                                                                  and applicable regulations. This approach reinforces a cyber risk culture that
                                                                  enables the organization to be more responsive in detecting, communicating,
                                                                  and addressing threats.
                                                                  • Strengthening efforts are carried out through governance and controls that
                                                                      enhance awareness, compliance, and prudence in the use of information
                                                                      technology, ensuring that risks are managed consistently and in a measurable
                                                                      manner.
                                                                  • From a technical perspective, the Bank implements layered controls covering
                                                                      networks, endpoints, as well as applications and data to maintain the
                                                                      confidentiality, integrity, and availability of information.
                                                                  • Operational readiness is supported by a 24/7 Security Operations Center
                                                                      (SOC), integrated monitoring and incident response systems, as well
                                                                      as backup and recovery mechanisms to ensure the Bank’s resilience in
                                                                      accordance with regulatory expectations.
                                                              2. ESG (Environmental, Social, and Governance)
                                                                  Currently, Bank Mandiri Taspen is not significantly exposed to climate change
                                                                  risks, as the majority of its financing portfolio is concentrated in the pension
                                                                  segment. Accordingly, the Bank focuses on managing climate-related risks
                                                                  internally through energy and paper efficiency initiatives, as well as increasing
                                                                  the use of environmentally friendly materials and products in its internal
                                                                  operations.

  4    Bank Mandiri Taspen perlu mengoptimalkan sistem        Dalam rangka memperkuat tata kelola perusahaan serta meningkatkan ketahanan
       dan mekanisme keberlanjutan bisnis di perusahaan       operasional secara menyeluruh, Bank mempersiapkan implementasi dan sertifikasi
       (Business Continuity Management) sehingga              Business Continuity Management System (BCMS) berbasis ISO 22301:2019 yang
       perusahaan menjadi lebih cepat mendeteksi, lebih       akan diterapkan secara bank wide
       adaptif merespons, dan lebih resilien menghadapi       Inisiatif ini merupakan bagian dari komitmen manajemen dalam memastikan
       ketidakpastian, sehingga kinerja dan pertumbuhan       keberlangsungan layanan kritikal, menjaga kepercayaan pemangku kepentingan,
       berkelanjutan dapat terjaga.                           serta meningkatkan kesiapsiagaan organisasi dalam menghadapi berbagai potensi
       Bank Mandiri Taspen needs to optimize its              gangguan, baik yang bersifat operasional, teknologi maupun krisis eksternal.
       Business Continuity Management (BCM) system            In order to strengthen corporate governance and enhance overall operational
       and mechanisms to enable the Company to                resilience, the Bank is preparing the implementation and certification of a Business
       detect disruptions more promptly, respond more         Continuity Management System (BCMS) based on ISO 22301:2019, to be applied
       adaptively, and strengthen resilience in the face of   bank-wide.
       uncertainty, thereby sustaining performance and        This initiative forms part of management’s commitment to ensuring the continuity
       long-term growth.                                      of critical services, maintaining stakeholder trust, and improving organizational
                                                              preparedness in addressing potential disruptions, whether operational,
                                                              technological, or arising from external crises.




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 No                    Rekomendasi                                                      Tanggapan/Action Plan
                      Recommendation                                                         Action Plan

  5    Bank Mandiri Taspen perlu mengoptimalkan             Dalam rangka mewujudkan hal tersebut, Bank di tahun 2026 akan melakukan
       kematangan sistem tata kelola human capital          penyelarasan kamus kompetensi di setiap Divisi, yang akan diintegrasikan dalam
       dengan mengintegrasikan pembelajaran yang            program pengembangan kapabilitas pegawai.
       berkelanjutan (learning organization), pengelolaan   In support of this objective, the Bank in 2026 will align the competency framework
       pengetahuan (knowledge management), serta            across all Divisions, which will be integrated into employee capability development
       budaya adaptif, yang mendukung kapabilitas           programs.
       dinamis perusahaan dan menjaga pertumbuhan
       berkelanjutan.
       Bank Mandiri Taspen needs to enhance the
       maturity of its human capital governance system
       by integrating continuous learning (learning
       organization), knowledge management, and an
       adaptive culture to support dynamic organizational
       capabilities and sustain growth.

  6    Bank Mandiri Taspen perlu mengoptimalkan             1. Dalam rangka mengoptimalkan mekanismen identifikasi ancaman terhadap
       mekanisme identifikasi dan evaluasi berkala atas        Bank Mandiri Taspen, Divisi SPM telah melakukan indentifikasi terhadap peluan
       peluang, ancaman, dan dinamika lingkungan, serta        dan ancaman yang ada, serta melakukan kajian terhadap isu strategis terbaru
       melakukan transformasi bisnis dengan integrasi          sebagaimana tercantum pada dokumen RBB dan rencana jangka panjang
       dan penyesuaian strategi yang cepat, alokasi            perusahaan (corporate plan)
       sumber daya optimal, sehingga perusahaan             2. Bank mendorong pertumbuhan berkelanjutan melalui berbagai inovasi yang
       dapat merespons perubahan secara adaptif dan            salah satunya di drive melalui agenda MOTION (Mantap Inovation Award) dan
       menciptakan nilai berkelanjutan                         peningkatan kapabikitas internal dalam mempersiapkan SDM yang tangguh
       Bank Mandiri Taspen needs to optimize                   untuk mempertahankan relevansi bank di industri
       mechanisms for the identification and periodic       3. Bank secara responsif memitigasi kondisi dinamika pasar yang berpotensi
       evaluation of opportunities, threats, and               menjadi peluang dan ancaman melalui monitoring kinerja dan stress test secara
       environmental dynamics, as well as undertake            rutin melakukan evaluasi atas implementasi strategi melalui agenda WGD,
       business transformation through integrated and          performance review, rapat direksi, rapat direksi dan komisaris, serta rapat
       agile strategic adjustments and optimal resource        kinerja dengan shareholders
       allocation, enabling the Company to respond          1. In order to optimize the mechanism for identifying potential threats, the
       adaptively to changes and create sustainable            Strategic Planning and Management Division has conducted identification of
       value.                                                  existing opportunities and threats, as well as assessments of the latest strategic
                                                               issues as outlined in the Bank’s Business Plan (RBB) and long-term corporate
                                                               plan.
                                                            2. The Bank promotes sustainable growth through various innovations, including
                                                               initiatives driven through the MOTION (Mantap Innovation Award) agenda,
                                                               as well as enhancing internal capabilities to develop resilient human capital in
                                                               maintaining the Bank’s relevance within the industry.
                                                            3. The Bank proactively mitigates market dynamics that may present both
                                                               opportunities and threats through regular performance monitoring and stress
                                                               testing, as well as periodic evaluations of strategy implementation through
                                                               Working Group Discussions (WGD), performance reviews, Board of Directors
                                                               meetings, joint meetings of the Board of Directors and Board of Commissioners,
                                                               and performance meetings with shareholders.




2025 Annual Report                                                                                                                     803
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 No                     Rekomendasi                                                      Tanggapan/Action Plan
                       Recommendation                                                         Action Plan

  7    Bank Mandiri Taspen perlu memperkuat kapabilitas      Bank telah menetapkan dan mengimplementasikan Roadmap Rencana Strategis
       dan kapasitas sumber daya teknologi untuk             Teknologi Informasi (RSTI) untuk 5 tahun kedepan (2026-2030) yang selaras
       meningkatkan efisiensi operasional, memperluas        dengan Rencana Bisnis Bank (RBB) dan Corporate Plan Bank Mandiri Taspen
       inovasi digital, serta menjaga keamanan dan           sebagai pedoman dalam pengembangan teknologi serta peningkatan kapabilitas
       kepercayaan digital (digital trust and cyber          sumber daya TI. Roadmap tersebut secara konsisten digunakan untuk memastikan
       security), sehingga perusahaan lebih adaptif          tercapainya efisiensi operasional, efektivitas proses bisnis, serta keberlanjutan
       menghadapi perubahan dan mampu menjaga                kinerja Bank. Bank juga telah memiliki dokumen Rencana Strategis Teknologi
       kepercayaan stakeholders dan pertumbuhan              Informasi (RSTI) yang terdokumentasi, mencakup antara lain:
       berkelanjutan.                                        a. IT Business Enabler Imperative, untuk memastikan stabilitas operasional dan
       Bank Mandiri Taspen needs to strengthen the               keandalan layanan TI dalam mendukung kegiatan bisnis Bank;
       capability and capacity of its technology resources   b. Governance & Awareness, Protection, dan Operation, yang mencakup
       to enhance operational efficiency, expand                 penerapan tata kelola TI, peningkatan awareness, penguatan pengendalian dan
       digital innovation, and maintain digital trust and        keamanan siber, serta mitigasi risiko siber pada seluruh aktivitas operasional.
       cybersecurity, thereby enabling the Company           Seluruh inisiatif tersebut dilaksanakan secara terukur dan berkelanjutan guna
       to be more adaptive to change while sustaining        memastikan kepatuhan terhadap ketentuan yang berlaku, menjaga kepercayaan
       stakeholder trust and long-term growth.               pemangku kepentingan, serta mendukung pertumbuhan Bank yang sehat dan
                                                             berkelanjutan.

                                                             Dalam rangka memperkuat kapabilitas dan kapasitas sumber daya teknologi untuk
                                                             meningkatkan keamanan dan kepercayaan digital (digital trust and cyber security)
                                                             di Bank Mandiri Taspen, divisi CISO akan melakukan:
                                                             1. penyempurnaan dan peningkatan konsistensi atas penerapan framework 3
                                                                 (tiga) pilar Governance & Awerness, Protection dan Operations (GPO) serta
                                                                 didukung dengan adanya roadmap inisiatif untuk meningkatkan 3 (tiga) aspek
                                                                 tersebut yang disusun berdasarkan hasil assesmen NIST CSF v2.0
                                                             2. sinergi dengan induk perusahaan (Bank Mandiri) untuk mengukur dan
                                                                 memastikan pengelolaan tata kelola dan implmentasi teknologi keamanan siber
                                                                 Bank dilakukan secara baik dan efektif dengan pendekatan proses assesment,
                                                                 pemenuhan minimum requirement, kuesioner, joint audit serta shared service
                                                             The Bank has established and implemented a five-year Information Technology
                                                             Strategic Plan (RSTI) Roadmap (2026–2030), aligned with the Bank’s Business Plan
                                                             (RBB) and Corporate Plan of Bank Mandiri Taspen, as a guideline for technology
                                                             development and the enhancement of IT resource capabilities. The Roadmap is
                                                             consistently applied to ensure the achievement of operational efficiency, business
                                                             process effectiveness, and the sustainability of the Bank’s performance. The Bank
                                                             has also prepared a documented Information Technology Strategic Plan (RSTI),
                                                             which includes, among others:
                                                             a. IT Business Enabler Imperative, to ensure operational stability and the reliability
                                                                 of IT services in supporting the Bank’s business activities;
                                                             b. Governance & Awareness, Protection, and Operations, which encompass the
                                                                 implementation of IT governance, enhancement of awareness, strengthening
                                                                 of controls and cybersecurity, as well as mitigation of cyber risks across all
                                                                 operational activities.
                                                             All such initiatives are implemented in a measurable and sustainable manner to
                                                             ensure compliance with applicable regulations, maintain stakeholder trust, and
                                                             support the Bank’s sound and sustainable growth.

                                                             In order to strengthen the capability and capacity of technology resources to
                                                             enhance digital trust and cybersecurity at Bank Mandiri Taspen, the CISO Division
                                                             will undertake the following:
                                                             1. Enhancement and increased consistency in the implementation of the three-
                                                                 pillar framework—Governance & Awareness, Protection, and Operations
                                                                 (GPO)—supported by a structured initiative roadmap developed based on the
                                                                 results of the NIST CSF v2.0 assessment;
                                                             2. Synergy with the parent entity, Bank Mandiri, to assess and ensure that the
                                                                 governance and implementation of cybersecurity technologies are conducted
                                                                 effectively through assessment processes, fulfillment of minimum requirements,
                                                                 questionnaires, joint audits, and shared services.




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 No                    Rekomendasi                                                        Tanggapan/Action Plan
                      Recommendation                                                           Action Plan

 Aspek Hasil Tata Kelola (Governance Outcome)
 Governance Outcome Aspect

  1    Bank Mandiri Taspen perlu memperkuat                   1. Sebagai respon terhadap adanya perubahan kondisi internal dan eksternal
       kapabilitas, kapasitas, dan kompetensi utama              yang dinamis, bank telah menyusun langkah strategis dalam hal penguata
       perusahaan melalui implementasi strategi yang             kapabilitas, kapasitas dan kompetensi bank untuk penguatan positioning bank
       adaptif, tangkas, dan efisien, guna mendukung             secara berkelanjutan diantaranya:
       pertumbuhan berkelanjutan, memperkokoh posisi             a. penguatan bisnis inti pada segmen pensiunan dengan pentrasi market
       pasar, serta menciptakan nilai tambah bagi seluruh           pensiunan ASN, TNI/POLRI dan Dapen BUMN
       pemangku kepentingan.                                     b. diversifikasi produk pada new market potensial (non pensiunan) untuk
       Bank Mandiri Taspen needs to strengthen its core             memperkuat pertumbuhan bisnis dan sebagai key lever penurunan exposure
       capabilities, capacity, and competencies through             risiko bisnis mono segmen
       the implementation of adaptive, agile, and efficient      c. peningkatan kualitas layanan melalui akselerasi digital yang robust dan
       strategies to support sustainable growth, reinforce          resilient serta ekspansi jaringan pada titik potensial
       its market position, and create added value for all       d. menjalin kemitraan strategs untuk penguatan ekosistem bisnis Bank
       stakeholders.                                          2. Dalam rangka akselerasi value creation, bank memperkuat sinergi dengan
                                                                 parents ecosystem dan linta entitas grup, diantaranya terkait dengan
                                                                 employee secondment untuk pemerataan kapabilitas SDM, kerjasama bisnis
                                                                 dan operasional sebagai bentuk peningkatan efektivitas dan efisiensi biaya,
                                                                 pengembangan open API/integrasi aplikasi untuk perluasan layanan dan
                                                                 kemudahan transaksi bagi nasabah
                                                              1. In response to dynamic internal and external conditions, the Bank has formulated
                                                                 strategic measures to strengthen its capabilities, capacity, and competencies in
                                                                 order to reinforce its positioning on a sustainable basis, including:
                                                                 a. Strengthening core business in the pension segment through market
                                                                     penetration targeting civil servant pensioners (ASN), Indonesian National
                                                                     Armed Forces/Police (TNI/POLRI), and State-Owned Enterprise Pension
                                                                     Funds (Dapen BUMN);
                                                                 b. Product diversification into new potential markets (non-pension segment) to
                                                                     support business growth and serve as a key lever in reducing mono-segment
                                                                     business risk exposure;
                                                                 c. Enhancement of service quality through accelerated digital initiatives that
                                                                     are robust and resilient, as well as network expansion in potential locations;
                                                                 d. Establishment of strategic partnerships to strengthen the Bank’s business
                                                                     ecosystem.
                                                              2. In order to accelerate value creation, Bank Mandiri Taspen strengthens synergies
                                                                 within the parent ecosystem and across group entities, including initiatives such
                                                                 as employee secondment to equalize human capital capabilities, business and
                                                                 operational collaborations to improve effectiveness and cost efficiency, and
                                                                 the development of open APIs/application integration to expand services and
                                                                 enhance transaction




2025 Annual Report                                                                                                                       805
Page 806
Corporate Governance
Corporate Governance




 No                     Rekomendasi                                                      Tanggapan/Action Plan
                       Recommendation                                                         Action Plan

  2    Bank Mandiri Taspen perlu memperkuat sistem           Bank telah memiliki serangkaian prosedur untuk melakukan Identifikasi,
       mitigasi dan perbaikan proses kerja agar mampu        Pengukuran, Pemantauan dan Pengendalian Risiko atas Insiden Operasional yang
       mencegah serta mengurangi risiko terjadinya           berpotensi timbul, diantaranya:
       atau berulangnya fraud, kasus non-fraud, sanksi/      1. Bank telah memiliki tools operational risk, diantaranya:
       denda, maupun pelanggaran lainnya.                       a. Risk Control Self Asessment (RCSA)
       Bank Mandiri Taspen needs to strengthen its              b. Loss Event Database (LED)
       mitigation system and improve work processes             c. Key Risk Indicator (KRI)
       to prevent and reduce the risk of fraud, non-fraud    2. Program Risk Awareness melalui : Newsletter, video risk awareness yang
       cases, sanctions/penalties, and other violations,        dilakukan secara berkala, Risk awareness untuk fraud eksternal.
       including the recurrence of such incidents.           3. Monitoring harian yang dilakukan melalui Dashboard Internal Control serta
                                                                ORCUS
                                                             4. Melakukan review parameter Fraud Detection System (FDS) secara berkala.
                                                             5. Telah dilakukan improvement pada aplikasi FDS khususnya untuk coverage
                                                                event data non monetary. Pengembangan ini memungkinkan FDS untuk meng-
                                                                consume data aktivitas non monetary, seperti diantaranya aktivitas login,
                                                                perubahan password, device ID, dan aktivitas lainnya.
                                                             6. Memastikan tersedianya ketentuan internal atas seluruh aktivitas operasional di
                                                                Bank
                                                             The Bank has established a series of procedures for the Identification, Measurement,
                                                             Monitoring, and Control of Risks arising from potential operational incidents,
                                                             including:
                                                             1. The Bank has implemented operational risk tools, including:
                                                                 a. Risk Control Self Assessment (RCSA);
                                                                 b. Loss Event Database (LED);
                                                                 c. Key Risk Indicator (KRI).
                                                             2. Risk Awareness programs conducted through newsletters, periodic risk
                                                                 awareness videos, and specific awareness initiatives related to external fraud.
                                                             3. Daily monitoring conducted through the Internal Control Dashboard and
                                                                 ORCUS.
                                                             4. Periodic review of parameters within the Fraud Detection System (FDS).
                                                             5. Enhancements to the FDS application, particularly in expanding coverage of
                                                                 non-monetary event data. This development enables the FDS to process non-
                                                                 monetary activity data, including login activities, password changes, device IDs,
                                                                 and other related activities.
                                                             6. Ensuring the availability of internal policies and procedures governing all
                                                                 operational activities within the Bank.

  3    Bank Mandiri Taspen perlu mengoptimalkan              Bank Mandiri Taspen senantiasa melakukan pengembangan layanan sebagai salah
       penciptaan nilai yang berorientasi pada pelanggan     satu bentuk perhatian Bank Mandiri Taspen terhadap kepuasan nasabah. Layanan
       dan stakeholder, melampaui sekadar output,            kantor Bank Mandiri Taspen telah dilengkapi dengan fasilitasfasilitas khusus
       dengan memastikan setiap strategi, produk,            pensiunan seperti ruang kesehatan, ruang pertemuan, ruang coffee break dan
       dan layanan berkontribusi pada keberlanjutan          fasilitas yang mendukung kenyamanan pensiunan.
       penciptaan nilai perusahaan serta kepuasan            Bank Mandiri Taspen continuously develops its services as part of its commitment
       pemangku kepentingan.                                 to enhancing customer satisfaction. The Bank’s office services are equipped with
       Bank Mandiri Taspen needs to optimize value           facilities tailored for pensioners, including healthcare rooms, meeting rooms, coffee
       creation oriented toward customers and                break areas, and other amenities that support the comfort of pension customers.
       stakeholders, beyond mere outputs, by ensuring
       that every strategy, product, and service
       contributes to the sustainability of value creation
       and stakeholder satisfaction.

  4    Bank Mandiri Taspen perlu memastikan capaian          Bank terus melakukan inovasi untuk memberi akses kemudahan usaha bagi para
       inovasi yang mampu menciptakan nilai dan daya         Pensiunan terutama melalui pengembangan digital. Secara bertahap melakukan
       saing berkelanjutan, serta menjaga relevansi          penguatan dan transformasi infrastruktur IT untuk menunjang inovasi berbasis
       perusahaan di tengah dinamika perubahan.              digital melalui pembaharuan sistem core banking untuk mendukung bisnis bank,
       Bank Mandiri Taspen needs to ensure the               cloud computing infrastruktur serta open API infrastruktur. Dengan pemanfaatan
       achievement of innovations that generate              teknologi baru pada core banking sistem yang ditunjang dengan desain strategi
       sustainable value and competitiveness, while          data dan desain strategi integrasi berbasis open API infrastruktur, diharapkan dapat
       maintaining the Company’s relevance amid              meningkatkan inovasi pada layanan dan produk yang ada di Bank Mandiri Taspen
       dynamic changes.                                      The Bank also continues to innovate in providing easier access to business
                                                             opportunities for pensioners, particularly through digital development initiatives.
                                                             Gradually, the Bank is strengthening and transforming its IT infrastructure to
                                                             support digital-based innovation, including upgrades to its core banking system,
                                                             cloud computing infrastructure, and open API infrastructure. Through the adoption
                                                             of new technologies in its core banking system, supported by data strategy design
                                                             and open API-based integration strategy, the Bank aims to enhance innovation in
                                                             its services and product offerings.




      806                                                                                                                  Laporan Tahunan 2025
Page 807
                                                                                                                       PT Bank Mandiri Taspen




II. Rekomendasi Tindak Lanjut                                            II. Follow-up Recommendations


 No                    Rekomendasi                                                        Tanggapan/Action Plan
                      Recommendation                                                           Action Plan

 Rekomendasi Teknikal
 Technical Recommendations

 1     Perusahaan       perlu    terus    meningkatkan        Praktik bad corporate governance dalam suatu perusahaan dapat secara signifikan
       kemampuan menavigasi kompleksitas lingkungan           mengganggu integritas dan efektivitas sistem Tata Kelola Perusahaan yang Baik
       yang meliputi VUCA (Vulnerable, Uncertainty,           yang telah dibangun. Dengan menyadari hal ini, Bank Mandiri Taspen berkomitmen
       Complexity and Ambiguity) – BANI (Brittle,             kuat untuk menghindari tindakan atau kebijakan yang dapat memicu terjadinya
       Anxious, Nonlinear, Incomprehensible) – TUNA           praktik tersebut. Bank secara berkesinambungan memperkuat dan mengevaluasi
       (Turbulent, Uncertain, Novel, Ambiguous) – FLUX        kerangka tata kelola untuk memastikan keselarasan dengan standar etika,
       (Fast, Uncharted, Liquid, Experimental) dengan         kepatuhan regulasi, dan harapan para pemangku kepentingan sehingga diharapkan
       lebih baik, menciptakan integrasi antara struktur      kedepannya proses bisnis tidak hanya sejalan dengan governance for compliance
       yang adaptif, pengembangan proses yang lincah,         tetapi menjadi governance for resilience and long-term value creation.
       serta hasil kinerja yang memberikan nilai jangka       Practices of poor corporate governance within a company may significantly
       panjang. Hal -hal tersebut menjadi kunci menuju        undermine the integrity and effectiveness of the Good Corporate Governance
       tata kelola modern yang risilien, inovatif, dan        framework that has been established. In recognition of this, Bank Mandiri Taspen
       berdaya saing tinggi. Dengan kata lain, diperlukan     demonstrates a strong commitment to avoiding actions or policies that may trigger
       pergeseran paradigma dari governance for               such practices. The Bank continuously strengthens and evaluates its governance
       compliance menjadi governance for resilience and       framework to ensure alignment with ethical standards, regulatory compliance,
       long-term value creation.                              and stakeholder expectations, with the objective that, going forward, business
       The Company needs to continuously enhance              processes will not only reflect governance for compliance but evolve toward
       its capability to navigate the complexity of the       governance for resilience and long-term value creation.
       environment,     including     VUCA     (Vulnerable,
       Uncertainty, Complexity, and Ambiguity), BANI
       (Brittle, Anxious, Nonlinear, Incomprehensible),
       TUNA (Turbulent, Uncertain, Novel, Ambiguous),
       and FLUX (Fast, Uncharted, Liquid, Experimental),
       by fostering integration between adaptive
       structures, agile process development, and
       performance outcomes that deliver long-term
       value. These elements are key to achieving modern
       governance that is resilient, innovative, and highly
       competitive. In this regard, a paradigm shift is
       required from governance for compliance toward
       governance for resilience and long-term value
       creation.

 2     Peningkatan kapabilitas dinamis perusahaan             Dalam rangka mendukung pencapaian strategi Bank, akan dilakukan penguatan
       dengan cara optimalisasi sumber daya dan proses        kapabilitas kepemimpinan para leader di Bank Mandiri Taspen melalui penerapan
       bisnis yang diinternalisasikan melalui kapabilitas     3 Pilar Leadership Competencies yang mencakup aspek bisnis, risiko, dan people.
       dari sensing (mendeteksi peluang dan ancaman),         Ketiga pilar ini akan menjadi landasan dalam pengembangan pegawai, proses
       seizing (menangkap dan memanfaatkan peluang),          penilaian kinerja (performance appraisal), serta penyusunan succession planning
       dan transforming (konfigurasi ulang dan adaptasi)      guna memastikan ketersediaan pipeline talenta yang siap mendukung keberlanjutan
       di seluruh level organisasi, serta mengembangkan       bisnis.
       budaya      pembelajaran      yang   berkelanjutan     In order to support the achievement of the Bank’s strategy, leadership capability
       (continuous learning) secara konsisten.                enhancement initiatives will be implemented for leaders within Bank Mandiri Taspen
       Enhancement of the Company’s dynamic                   through the adoption of three pillars of Leadership Competencies, encompassing
       capabilities can be achieved through the               business, risk, and people aspects. These three pillars will serve as the foundation
       optimization of resources and business processes,      for employee development, performance appraisal processes, and succession
       internalized across all organizational levels          planning to ensure the availability of a talent pipeline that supports business
       through the capabilities of sensing (identifying       sustainability.
       opportunities and threats), seizing (capturing
       and leveraging opportunities), and transforming
       (reconfiguring and adapting), while consistently
       fostering a culture of continuous learning.




2025 Annual Report                                                                                                                      807
Page 808
Corporate Governance
Corporate Governance




 No                     Rekomendasi                                                      Tanggapan/Action Plan
                       Recommendation                                                         Action Plan

 3     Membangun         kapabilitas    dinamis,    dengan    Bank Mandiri Taspen akan memperkuat kapabilitas dinamis melalui adaptive
       cara penguatan struktur governansi dengan              leadership, pengembangan talent, digitalisasi governance process, dan penguatan
       kepemimpinan Organ Perusahaan yang kuat,               risk-control discipline untuk mendukung pertumbuhan bisnis pension ecosystem
       visioner, dan adaptif; serta peningkatan               secara berkelanjutan.
       pengembangan karyawan secara berkelanjutan             Bank Mandiri Taspen will further strengthen its dynamic capabilities through
       agar memiliki keterampilan dan pengetahuan yang        adaptive leadership, talent development, digitalization of governance processes,
       dibutuhkan untuk beradaptasi dengan perubahan.         and reinforcement of risk-control discipline to support the sustainable growth of
       Transformasi dari proses governansi juga harus         the pension ecosystem business.
       konsisten dilakukan dengan mengembangkan
       mekanisme seluruh fungsi manajemen menjadi
       lebih efektif, adaptif, dan responsif, didukung oleh
       pengelolaan risiko dan pengendalian yang ketat.
       Building dynamic capabilities also requires
       strengthening governance structures through
       strong, visionary, and adaptive leadership of
       the Company’s governing bodies, as well as
       continuous employee development to ensure the
       necessary skills and knowledge to adapt to change.
       In addition, the transformation of governance
       processes must be carried out consistently by
       enhancing mechanisms across all management
       functions to become more effective, adaptive, and
       responsive, supported by robust risk management
       and strong internal controls.




     808                                                                                                                 Laporan Tahunan 2025
Page 809
                                                                                                               PT Bank Mandiri Taspen




Praktik Bad Corporate Governance
Bad Corporate Governance Practices


Bank Mandiri Taspen menyadari bahwa praktik-praktik bad              Bank Mandiri Taspen realizes that bad corporate governance
corporate governance akan mengganggu sistem Tata Kelola              practices will disrupt the Good Corporate Governance (GCG)
yang baik (GCG) yang telah dibangun oleh Bank Mandiri                system that has been built by Bank Mandiri Taspen. Therefore,
Taspen. Oleh karena itu, selama tahun 2025, Perseroan tidak          during 2025, the Company will not take any actions or policies
melakukan segala tindakan serta kebijakan yang berkaitan             related to the practices shown in the following table:
dengan praktik itu yang ditunjukkan pada tabel sebagai berikut:



                                                                                                                        Praktik
 No.                      Keterangan                                             Information
                                                                                                                        Practice

       Adanya laporan sebagai perusahaan yang mencemari                                                                   Nihil
  1.                                                        Report as a company that pollutes the environment.
       lingkungan.                                                                                                         Nil

       Perkara penting yang sedang dihadapi oleh            An important case that is being faced by the company,
       perusahaan, entitas anak, anggota Direksi dan/atau   subsidiary, members of the Board of Directors and /           Nihil
  2.
       anggota Dewan Komisaris yang sedang menjabat tidak   or members of the Board of Commissioners who are               Nil
       diungkapkan dalam LaporanTahunan.                    currently not disclosed in reports.

       Ketidakpatuhan dalam pemenuhan kewajiban                                                                           Nihil
  3.                                                        Non-compliance in fulfilling tax obligations
       perpajakan.                                                                                                         Nil

       Ketidaksesuaian penyajian laporan tahunan dan        Community for the presentation of the annual report
                                                                                                                          Nihil
  4.   laporan keuangan dengan peraturan yang berlaku dan   and financial statements with applicable regulations
                                                                                                                           Nil
       SAK.                                                 and sacks.

                                                                                                                          Nihil
  5.   Kasus terkait buruh dan karyawan.                    Cases related to workers and employees.
                                                                                                                           Nil

       Tidak terdapat pengungkapan segmen operasi pada      There is no disclosure of the operating segment in the        Nihil
  6.
       perusahaan listed.                                   listed company                                                 Nil

       Terdapat ketidaksesuaian antara LT hardcopy dengan   There is a discrepancy between LT hardcopy with LT            Nihil
  7.
       LT softcopy.                                         softcopy.                                                      Nil




2025 Annual Report                                                                                                          809
Page 810
Indeks Referensi OJK
OJK Reference Index




       Tanggung Jawab
       Sosial Perusahaan




    810                    Laporan Tahunan 2025
Page 811
                                  PT Bank Mandiri Taspen




                     Corporate Social
                     Responsibility




2025 Annual Report                              811
Page 812
Tanggung Jawab Sosial Perusahaan
Corporate Social Responsibility




Bank Mandiri Taspen telah menerapkan Corporate Social         Bank Mandiri Taspen has implemented Corporate
Responsibilities (CSR) yang selaras dengan penerapan          Social Responsibilities (CSR) which are aligned with the
keuangan berkelanjutan. Sebagai lembaga jasa keuangan,        implementation of sustainable finance. As a financial
Bank Mandiri Taspen berkomitmen untuk melaksanakan            services institution, Bank Mandiri Taspen is committed to
penerapan keuangan berkelanjutan dalam kegiatan               implementing sustainable finance in its business activities.
usahanya. Bank Mandiri Taspen ingin turut serta untuk turut   Bank Mandiri Taspen wants to participate in contributing to
berkontribusi guna mewujudkan perekonomian nasional yang      realize a national economy that grows in a stable, inclusive
tumbuh secara stabil, inklusif, dan berkelanjutan.            and sustainable manner.


Sesuai dengan POJK No.51/POJK.03/2017 tentang Penerapan       In accordance with POJK No.51/POJK.03/2017 concerning
Keuangan Berkelanjutan Bagi Lembaga Jasa Keuangan,            Implementation of Sustainable Finance for Financial Services
Emiten dan Perusahaan Publik, tujuan penerapan keuangan       Institutions, Issuers and Public Companies, the objective of
berkelanjutan adalah memberikan kesejahteraan ekonomi         implementing sustainable finance is to provide economic and
dan sosial kepada seluruh rakyat, serta melindungi dan        social welfare to all people, as well as protect and manage
mengelola lingkungan hidup secara bijaksana di Indonesia.     the environment wisely in Indonesia . The process of economic
Proses pembangunan ekonomi harus mengedepankan                development must prioritize the harmony of economic,
keselarasan aspek ekonomi, sosial, dan lingkungan hidup.      social and environmental aspects. This is because the
Hal ini karena penyelenggaraan pembangunan yang hanya         implementation of development that only targets economic
menargetkan pertumbuhan ekonomi akan menyebabkan              growth will cause social inequality and a decrease in quality
kesenjangan sosial dan penurunan kualitas lingkungan hidup    environment with all its implications.
dengan segala implikasinya.


Sesuai Surat Edaran Otoritas Jasa Keuangan No. 16/            In accordance with the Financial Services Authority Circular
SEOJK.04/2021 Tentang Bentuk dan Isi Laporan Tahunan          No. 16 /SEOJK.04/2021 Regarding the Form and Content of
Emiten Atau Perusahaan Publik informasi tanggung              Annual Reports of Issuers or Public Companies, information
jawab sosial perusahaan khususnya terkait tata kelola         on corporate social responsibility, especially related to
keberlanjutan, kinerja ekonomi berkelanjutan, kinerja         sustainable governance, sustainable economic performance,
lingkungan berkelanjutan dan kinerja sosial berkelanjutan     sustainable environmental performance and sustainable
disampaikan pada Laporan Keberlanjutan yang disajikan         social performance is presented in the Sustainability Report
secara terpisah dari Laporan Tahunan.                         which is presented separately from the Annual Report.




    812                                                                                               Laporan Tahunan 2025
Page 813
                                   PT Bank Mandiri Taspen




      Indeks
      Referensi OJK

                      OJK Reference Index




2025 Annual Report                              813
Page 814
Indeks Referensi OJK
OJK Reference Index




                 Kriteria                                                 Penjelasan                                 Halaman        Regulasi
                 Criteria                                                 Explanation                                 Page         Regulations

 UMUM / GENERAL

 Laporan Tahunan harus dicetak                                                                                                        POJK 29
 dan dijilid.
 Annual Report is well printed
 and bound.

 Laporan Tahunan harus dapat                                                                                                          POJK 29
 diperbanyak dalam bentuk salinan
 dokumen cetak dan salinan dokumen
 elektronik.
 Annual Report must be reproduced
 in the form of printed copies of
 documents and electronic copies of
 documents.

 Laporan Tahunan wajib disajikan dalam                                                                                                POJK 29
 Bahasa Indonesia dan bahasa asing.
 Annual Reports are presented in
 Indonesian and foreign languages.

 Laporan Tahunan wajib dimuat dalam                                                                                                   POJK 29
 Situs Web Emiten atau Perusahaan
 Publik pada tanggal yang sama
 dengan penyampaian Laporan Tahunan
 kepada Otoritas Jasa Keuangan.
 Annual Report must be published
 on the Issuer’s or Public Company’s
 Website on the same date as the
 submission of the Annual Report
 to the Financial Services Authority.

 KILAS KINERJA / PERFORMANCE HIGHLIGHTS

 Ikhtisar data keuangan penting            Informasi memuat antara lain:
 memuat informasi keuangan yang            Information includes, among others:
 disajikan dalam bentuk perbandingan
 selama 3 (tiga) tahun buku atau           1. Pendapatan/penjualan. / Sales revenue.                                   30            SEOJK 16
 sejak memulai usahanya jika Emiten
 atau Perusahaan Publik tersebut           2. Laba bruto. / Gross profit.                                              30
 menjalankan kegiatan usahanya
                                           3. Laba Operasional. / Operational profit.                                  30             SEOJK 9
 kurang dari 3 (tiga) tahun.
 Summary of important financial            4. Laba sebelum pajak. / Profit before tax.                                 30
 data contains financial information
 presented in comparative form for         5. Laba bersih. / Net profit.                                               30
 3 (three) financial years or since
                                           6. Laba (rugi). / Profit and loss.                                          30            SEOJK 16
 starting their business if the Issuer
 or Public Company has been running        7. Total laba (rugi) komprehensif. / Total comprehensive profit (loss).     31             SEOJK 9
 its business activities for less than 3
 (three) years.                            8. Jumlah laba (rugi) yang dapat diatribusikan kepada pemilik                             SEOJK 16
                                              entitas induk dan kepentingan non pengendali. / Total profit
                                                                                                                       N/A
                                              (loss) attributable to owners of the parent entity and
                                              non-controlling interests.

                                           9. Jumlah laba (rugi) komprehensif yang dapat diatribusikan                               SEOJK 16
                                              kepada pemilik entitas induk dan kepentingan non Pengendali.
                                                                                                                       N/A
                                              / Total comprehensive profit (loss) attributable to owners of the
                                              parent entity and non-controlling interests.

                                           10. Laba (rugi) per saham. / Earnings (loss) per share.                     31            SEOJK 9
                                                                                                                                     SEOJK 16
                                           11. Jumlah aset. / Total assets.                                            29

                                           12. Jumlah liabilitas. / Total liabilities.                                 29

                                           13. Jumlah ekuitas. / Total equity.                                         30

                                           14. Dana pihak ketiga. / Third-party funds.                                 29             SEOJK 9

                                           15. Pinjaman yang diterima. / Loans received.                               29




    814                                                                                                                      Laporan Tahunan 2025
Page 815
                                                                                                         PT Bank Mandiri Taspen




               Kriteria                                Penjelasan                                      Halaman     Regulasi
               Criteria                                Explanation                                      Page      Regulations

                          16. Rasio laba (rugi) terhadap jumlah aset. /                                             SEOJK 16
                                                                                                         33
                              Ratio of profit (loss) to total assets.

                          17. Rasio laba (rugi) terhadap ekuitas. / Profit (loss) to equity ratio.       33

                          18. Rasio laba (rugi) terhadap pendapatan/penjualan. /
                                                                                                         33
                              Profit (loss) to revenue/sales ratio.

                          19. Rasio lancar. / Current ratio.                                             33

                          20. Rasio liabilitas terhadap ekuitas. / Liability to equity ratio.            33

                          21. Rasio liabilitas terhadap jumlah aset. /
                                                                                                         33
                              Ratio of liabilities to total assets.

                          22. Rasio KPMM. / CAR ratio.                                                   33          SEOJK 9

                          23. Aset produktif. / Productive assets.                                       33

                          24. Rasio Non-performing Loans (NPL). /
                                                                                                         33
                              Non-performing loans (NPL) ratio.

                          25. Rasio Beban Operasional terhadap Pendapatan Operasional
                              (BOPO). / Ratio of Operating Expenses to Operating Income                  33
                              (BOPO).

                          26. Cost to Income Ratio (CIR).                                                34

                          27. Rasio Net Interest Margin (NIM). /
                                                                                                         33
                              Net Interest Margin (NIM) ratio.

                          28. Persentase pelanggaran dan pelampauan Batas Maksimum
                              Pemberian Kredit (BMPK). / Percentage of violations and                    34
                              exceedances of the Legal Lending Limit (BMPK).

                          29. Rasio Giro Wajib Minimum (GWM). /
                                                                                                         34
                              Statutory Reserve Ratio (GWM).

                          30. Rasio Posisi Devisa Neto (PDN). / Net Open Position (NOP) Ratio.           34

                          31. Informasi dan rasio keuangan lainnya yang relevan dengan                              SEOJK 9
                              emiten atau perusahaan publik dan jenis industrinya. /                                SEOJK 16
                                                                                                        33-34
                              Information and other financial ratios that are relevant
                              to the issuer or public company and the type of industry.

 Informasi Saham          Informasi saham bagi Perusahaan Terbuka paling sedikit memuat:                            SEOJK 16
 Stock Information        Information on shares for Public Companies at least contains:

                          1. Saham yang telah diterbitkan untuk setiap masa triwulan yang
                             disajikan dalam bentuk perbandingan selama 2 (dua) tahun
                             buku terakhir, paling sedikit memuat / Shares that have been
                             issued for each quarter presented in comparative form for the
                             last 2 (two) financial years, at least contain:

                              a. Jumlah saham yang beredar. /
                                 Number of outstanding shares.

                              b. Kapitalisasi pasar berdasarkan harga pada bursa efek
                                 tempat saham dicatatkan. / Market capitalization is based on
                                 the price on the stock exchange where the shares are listed.

                              c. Harga saham tertinggi, terendah, dan penutupan
                                 berdasarkan harga pada bursa efek tempat saham
                                 dicatatkan. / The highest, lowest and closing share prices              35
                                 are based on the price on the stock exchange where the
                                 shares are listed.

                              d. Volume perdagangan pada bursa efek tempat saham
                                 dicatatkan. / Volumetrading on the stock exchange where
                                 the shares are listed.

                          Informasi dalam huruf b), huruf c) dan huruf d) hanya diungkapkan
                          jika sahamnya tercatat di bursa efek.
                          Informasi disajikan dalam bentuk grafik dan tabel.
                          Information in letter b), letter c) and letter d) is only disclosed if the
                          shares are listed on the stock exchange.
                          Information is presented in the form of graphs and tables.




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OJK Reference Index




               Kriteria                                    Penjelasan                                  Halaman       Regulasi
               Criteria                                    Explanation                                  Page        Regulations

                               2. Dalam hal terjadi aksi korporasi yang menyebabkan terjadinya                        SEOJK 16
                                  perubahan pada saham, seperti pemecahan saham (stock
                                  split), penggabungan saham (reverse stock), dividen saham,
                                  saham bonus, perubahan nilai nominal saham, penerbitan efek
                                  konversi, serta penambahan dan pengurangan modal, informasi
                                  saham sebagaimana dimaksud pada angka 1) ditambahkan
                                  penjelasan paling sedikit mengenai:
                                  such as a stock split, reverse stock, stock dividends, bonus
                                  shares, changes in the nominal value of shares, issuance of
                                  convertible securities, and additions and capital reduction,
                                  share information as referred to in number 1) is added with an
                                  explanation of at least:

                                  a. Tanggal pelaksanaan aksi korporasi. /
                                     The date of implementation of the corporate action.
                                                                                                         35
                                  b. Rasio pemecahan saham (stock split), penggabungan saham
                                     (reverse stock), dividen saham, saham. /
                                     Stock split ratios, reverse stock ratios, stock dividends.
                                  c. bonus, jumlah efek konversi yang diterbitkan, dan perubahan
                                     nilai nominal saham. / bonus shares, number of convertible
                                     securities issued, and changes in share nominal value.

                                  d. Jumlah saham beredar sebelum dan sesudah aksi korporasi. /
                                     The number of outstanding shares before and after the
                                     corporate action.

                                  e. Jumlah efek konversi yang dilaksanakan (jika ada). /
                                     The number of effect conversions implemented (if any).

                                  f.   Harga saham sebelum dan sesudah aksi korporasi. /
                                       Stock prices before and after corporate actions.

                               3. Dalam hal terjadi penghentian sementara perdagangan saham                           SEOJK 16
                                  (suspension) dan/atau pembatalan pencatatan saham (delisting)
                                  dalam tahun buku, dijelaskan alasan penghentian sementara
                                  perdagangan saham (suspension) dan/atau pembatalan
                                  pencatatan saham (delisting) tersebut. / In the event of a             35
                                  temporary suspension of share trading (suspension) and/or
                                  delisting of shares during the financial year, the reasons for
                                  the temporary suspension of share trading (suspension) and/or
                                  delisting of shares (delisting) shall be explained.

                               4. Dalam hal penghentian sementara perdagangan saham                                   SEOJK 16
                                  (suspension) sebagaimana dimaksud pada angka 3) dan/ atau
                                  proses pembatalan pencatatan saham (delisting) masih
                                  berlangsung hingga akhir periode Laporan Tahunan,
                                  dijelaskan tindakan yang dilakukan untuk menyelesaikan
                                  penghentian sementara perdagangan saham (suspension)
                                  dan/atau pembatalan pencatatan saham (delisting) tersebut.             35
                                  / In the event that the temporary suspension of share trading
                                  (suspension) as referred to in number 3) and/or the process of
                                  canceling the listing of shares (delisting) is still ongoing until
                                  the end of the Annual Report period, the actions taken to
                                  resolve the temporary suspension of share trading (suspension)
                                  and/or cancellation are explained. listing of shares (delisting).

 LAPORAN DIREKSI DAN DEWAN KOMISARIS / REPORT OF BOARD OF DIRECTORS AND BOARD OF COMMISSIONERS

 Laporan Direksi               Laporan Direksi paling sedikit memuat uraian singkat mengenai:
 Directors Report              The Board of Directors’ report contains at least a brief description
                               of:

                               1. Kinerja Emiten atau Perusahaan Publik, paling sedikit memuat:
                                  Performance of Issuers or Public Companies, at least includes:

                                  a. Strategi dan kebijakan strategis Emiten atau Perusahaan                          SEOJK 9
                                     Publik (termasuk untuk UUS apabila Bank memiliki UUS). /                         SEOJK 16
                                                                                                         52
                                     Issuer’s or Public Company’s strategy and strategic policies
                                     (including for UUS if the Bank owns UUS).




    816                                                                                                       Laporan Tahunan 2025
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                                                                                                  PT Bank Mandiri Taspen




              Kriteria                               Penjelasan                                 Halaman     Regulasi
              Criteria                               Explanation                                 Page      Regulations

                            b. Peranan Direksi dalam perumusan strategi dan kebijakan                        SEOJK 16
                               strategis Emiten atau Perusahaan Publik. / The role of the
                                                                                                  53
                               Board of Directors in formulating the strategy and strategic
                               policies of the Issuer or Public Company.

                            c. Proses yang dilakukan Direksi untuk memastikan
                               implementasi strategi Emiten atau Perusahaan Publik. / The
                                                                                                  53
                               process carried out by the Board of Directors to ensure the
                               implementation of the Issuer’s or Public Company’s strategy.

                            d. Perbandingan antara hasil yang dicapai dengan yang                            SEOJK 9
                               ditargetkan Emiten atau Perusahaan Publik. / Comparison                       SEOJK 16
                                                                                                  55
                               between the results achieved and those targeted by the
                               Issuer or Public Company.

                            e. Kendala yang dihadapi Emiten atau Perusahaan Publik. /
                                                                                                 55-56
                               Obstacles faced by Issuers or Public Companies.

                            f.   Struktur organisasi. / Organizational structure.                 48          SEOJK 9

                            g. Aktivitas utama. / Main activity.                                  47

                            h. Teknologi informasi. / Information Technology.                     54

                            i.   Jenis produk dan jasa yang ditawarkan, termasuk penyaluran
                                 kredit kepada debitur usaha mikro, kecil, dan menengah. /
                                                                                                  47
                                 Types of products and services offered, including lending to
                                 debtors of micro, small and medium enterprises.

                            j.   Tingkat suku bunga penghimpunan dan penyediaan dana./
                                                                                                 50-51
                                 Interest rates for raising and providing funds.

                            k. Perkembangan perekonomian dan target pasar. / Economic
                                                                                                 49-50
                               development and target market.

                            l.   Jaringan kerja dan mitra usaha di dalam dan/atau di luar
                                 negeri. / Networks and business partners at home and/or         47-48
                                 abroad.

                            m. Jumlah, jenis, dan lokasi kantor. / Number, type and location
                                                                                                 47-48
                               of offices.

                            n. Kepemilikan Direksi, Dewan Komisaris, dan pemegang
                               saham dalam kelompok usaha Bank. / Ownership of
                                                                                                  58
                               the Board of Directors, Board of Commissioners and
                               shareholders in the Bank’s business group.

                            o. Perubahan-perubahan penting yang terjadi pada Bank dan
                               kelompok usaha Bank dalam tahun yang bersangkutan. /
                                                                                                  58
                               Important changes that occurred in the Bank and the Bank’s
                               business group in the year concerned.

                            p. Hal-hal penting yang diperkirakan terjadi pada masa
                               mendatang. / Important things that are expected to happen         56-57
                               in the future.

                            q. Sumber daya manusia meliputi jumlah, tingkat pendidikan,
                               pelatihan, dan pengembangan sumber daya manusia. /
                                                                                                 48, 53
                               Human resources include the number, level of education,
                               training, and development of human resources.

                         2. Gambaran tentang prospek usaha Emiten atau Perusahaan                            SEOJK 9
                            Publik. / An overview of the business prospects of the Issuer or     56-57       SEOJK 16
                            Public Company.

                         3. Penerapan tata kelola Emiten atau Perusahaan Publik. /
                                                                                                 58-60
                            Implementation of Issuer or Public Company governance.




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               Kriteria                                             Penjelasan                                 Halaman     Regulasi
               Criteria                                             Explanation                                 Page      Regulations

 Laporan Dewan Komisaris                 Laporan Dewan Komisaris paling sedikit memuat uraian singkat
 Report of the Board of Commissioners    mengenai:
                                         The Board of Commissioners’ report contains at least a brief
                                         description of:

                                         1. Penilaian terhadap kinerja Direksi mengenai pengelolaan                         SEOJK 16
                                            Emiten atau Perusahaan Publik, termasuk pengawasan Dewan                        SEOJK 9
                                            Komisaris dalam perumusan dan implementasi strategi
                                            Emiten atau Perusahaan Publik yang dilakukan oleh Direksi. /
                                            Assessment of the Board of Directors’ performance regarding         67-70
                                            the management of Issuers or Public Companies, including
                                            oversight by the Board of Commissioners in the formulation and
                                            implementation of the Issuer’s or Public Company’s strategy
                                            carried out by the Board of Directors.

                                         2. Pandangan atas prospek usaha Emiten atau Perusahaan Publik
                                            yang disusun oleh Direksi. / Views on the business prospects of     70-71
                                            Issuers or Public Companies compiled by the Board of Directors.

                                         3. Pandangan atas penerapan tata kelola Emiten atau Perusahaan
                                            Publik. / Views on the implementation of governance of the          71-75
                                            Issuer or Public Company.

                                         4. Perubahan komposisi Dewan Komisaris (jika ada) dan alasan                        SEOJK 9
                                            perubahannya. / Changes in the composition of the Board of          76-77
                                            Commissioners (if any) and reasons for the changes.

                                         5. Frekuensi dan cara pemberian nasihat kepada anggota Direksi./
                                            Frequency and method of providing advice to members of the          67-68
                                            Board of Directors.

 Surat Pernyataan Anggota Direksi        Surat Pernyataan Anggota Direksi dan Anggota Dewan Komisaris                       SEOJK 16
 dan Anggota Dewan Komisaris             tentang Tanggung Jawab atas Laporan Tahunan Surat pernyataan                       POJK 29
 Statement Letter from Members of the    anggota Direksi dan anggota Dewan Komisaris tentang tanggung
 Board of Directors and Members of the   jawab atas Laporan Tahunan disusun sesuai dengan format Surat
 Board of Commissioners                  Pernyataan Anggota Direksi dan Anggota Dewan Komisaris tentang
                                         Tanggung Jawab atas Laporan Tahunan.
                                         Statement Letter from Members of the Board of Directors and
                                                                                                                80-81
                                         Members of the Board of Commissioners regarding Responsibility
                                         for the Annual Report. Statement letter from members of the Board
                                         of Directors and members of the Board of Commissioners regarding
                                         responsibility for the Annual Report is prepared in accordance
                                         with the format of Statement Letter from Members of the Board of
                                         Directors and Members of the Board of Commissioners regarding
                                         Responsibility for the Annual Report.

 PROFIL PERUSAHAAN / COMPANY PROFILE

 Nama dan alamat lengkap perusahaan      Akses terhadap Emiten atau Perusahaan Publik termasuk kantor                       SEOJK 9
 Company name and full address           cabang atau kantor perwakilan yang memungkinkan masyarakat                         SEOJK 16
                                         dapat memperoleh informasi mengenai Emiten atau Perusahaan
                                         Publik, meliputi:
                                         Access to Issuers or Public Companies including branch offices or
                                         representative offices that enable the public to obtain information
                                         about Issuers or Public Companies, including:                          84-85
                                         1. Alamat / Address

                                         2. Nomor telepon / Phone number

                                         3. Alamat surat elektronik / Email address

                                         4. Alamat situs web / Website address




    818                                                                                                             Laporan Tahunan 2025
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                                                                                                                     PT Bank Mandiri Taspen




                 Kriteria                                            Penjelasan                                    Halaman     Regulasi
                 Criteria                                            Explanation                                    Page      Regulations

 Nama dan alamat kantor cabang           Memuat informasi antara lain:
 atau kantor perwakilan (jika ada)       Contains information including:
 Name and address of branch office
 or representative office (if any)       Nama dan alamat kantor cabang/perwakilan, meliputi:
                                         Name and address of the branch/representative office, including:
                                         a. Alamat / Address
                                         b. Nomor telepon / Phone number
                                         c. Alamat surat elektronik / E-mail address
                                         d. Alamat situs web / Website address                                      86-87

                                         Catatan: apabila perusahaan tidak memiliki entitas anak, kantor
                                         cabang, dan kantor perwakilan, agar diungkapkan.
                                         Notes: if the company does not have subsidiaries, branch offices,
                                         and representative offices, so that it is disclosed.

 Riwayat singkat Emiten atau             Mencakup antara lain: tanggal/tahun pendirian, nama, perubahan                         SEOJK 9
 Perusahaan Publik                       nama perusahaan (jika ada), dan tanggal efektif perubahan nama                         SEOJK 16
 Brief history of Issuer or Public       perusahaan.
 Company                                 Include among others: date/year of establishment, name, change
                                         of company name (if any), and effective date of change of company
                                         name.                                                                      91-93

                                         Catatan: apabila perusahaan tidak pernah melakukan perubahan
                                         nama, agar diungkapkan.
                                         Notes: if the company has never changed its name, please disclose
                                         it.

 Visi, Misi, dan Budaya Perusahaan       Mencakup / Includes:                                                                   SEOJK 9
 Vision, Mission and Corporate Culture                                                                                          SEOJK 16
                                         1. Visi Perusahaan / Company Vision                                         94

                                         2. Misi Perusahaan / Company Mission                                        95

                                         3. Pernyataan mengenai budaya perusahaan (corporate culture)
                                            yang dimiliki Perusahaan. / Statement that the vision and
                                                                                                                    96-97
                                            mission have been reviewed and approved by the Board of
                                            Directors/Board of Commissioners in the financial year.

 Kegiatan Usaha                          Uraian mengenai antara lain / Description of, among others:                            SEOJK 9
 Business activities                                                                                                            SEOJK 16
                                         1. Kegiatan usaha perusahaan menurut anggaran dasar terakhir. /
                                            The company’s business activities according to the latest articles      98-99
                                            of association.

                                         2. Kegiatan usaha yang dijalankan. /Business Activities
                                                                                                                     99
                                            Undertaken.

                                         3. Produk dan/atau jasa yang dihasilkan. / Products and/or services
                                                                                                                    99-105
                                            produced.

 Wilayah Operasional                     Wilayah operasional Emiten atau Perusahaan Publik. Wilayah                             SEOJK 16
 Operational Area                        operasional merupakan wilayah atau daerah pelaksanaan kegiatan
                                         operasional atau jangkauan dari kegiatan operasional perusahaan.
                                                                                                                   106-109
                                         Issuer’s or Public Company’s operational area. The operational area
                                         is the area or area where operational activities are carried out or the
                                         scope of the company’s operational activities.

 Struktur Organisasi                     Struktur organisasi Emiten atau Perusahaan Publik dalam bentuk                         SEOJK 9
 Organizational structure                bagan, paling sedikit sampai dengan struktur 1 (satu) tingkat di                       SEOJK 16
                                         bawah Direksi termasuk komite di bawah Direksi (jika ada) dan
                                         komite di bawah Dewan Komisaris, disertai dengan nama dan
                                         jabatan.
                                                                                                                   112-113
                                         The organizational structure of the Issuer or Public Company in
                                         the form of a chart, at least up to 1 (one) level below the Board of
                                         Directors including committees under the Board of Directors (if any)
                                         and committees under the Board of Commissioners, accompanied
                                         by names and positions.

 Keanggotaan Asosiasi                    Daftar keanggotaan asosiasi industri baik dalam skala nasional                         SEOJK 16
 Association Membership                  maupun internasional yang berkaitan dengan penerapan keuangan
                                         berkelanjutan.
                                                                                                                     111
                                         List of industry association memberships both on a national and
                                         international scale related to the implementation of sustainable
                                         finance.




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OJK Reference Index




                  Kriteria                                Penjelasan                                 Halaman     Regulasi
                  Criteria                                Explanation                                 Page      Regulations

 Profil Direksi               Profil Direksi, paling sedikit memuat / Profile of the Board of                     SEOJK 9
 Board of Directors Profile   Directors, at least contains:                                                       SEOJK 16

                              1. Nama dan jabatan yang sesuai dengan tugas dan tanggung
                                 jawab. / Name and position in accordance with the duties and
                                 responsibilities.

                              2. Foto terbaru. / Latest photos.

                              3. Usia. / Age

                              4. Kewarganegaraan. / Citizenship.

                              5. Riwayat pendidikan dan/atau sertifikasi. / Educational history
                                 and/or certification.

                              6. Riwayat jabatan, meliputi informasi:
                                 Position history, including information on:

                                 a. Dasar hukum pengangkatan sebagai anggota Direksi pada
                                    Emiten atau Perusahaan Publik yang bersangkutan / The
                                    legal basis for appointment as a member of the Board of
                                    Directors of the Issuer or Public Company concerned

                                 b. Rangkap jabatan, baik sebagai anggota Direksi, anggota
                                    Dewan Komisaris, dan/atau anggota komite serta jabatan
                                    lainnya baik di dalam maupun di luar Emiten atau
                                    Perusahaan Publik. Dalam hal anggota Direksi tidak memiliki
                                    rangkap jabatan, maka diungkapkan mengenai hal tersebut.
                                    / Concurrent positions, both as members of the Board of
                                    Directors, members of the Board of Commissioners, and/or         114-121
                                    committee members as well as other positions both inside
                                    and outside the Issuer or Public Company. In the event that
                                    members of the Board of Directors do not have concurrent
                                    positions, then this is disclosed.

                                 c. Pengalaman kerja beserta periode waktunya baik di dalam
                                    maupun di luar Emiten atau Perusahaan Publik. / Work
                                    experience and time period both inside and outside the
                                    Issuer or Public Company.

                              7. Hubungan afiliasi dengan anggota Direksi lainnya, anggota                        SEOJK 9
                                 Dewan Komisaris, pemegang saham utama, dan pengendali                            SEOJK 16
                                 baik langsung maupun tidak langsung sampai kepada                                POJK 13
                                 pemilik individu, meliputi nama pihak yang terafiliasi. Dalam
                                 hal anggota Direksi tidak memiliki hubungan afiliasi, maka
                                 Emiten atau Perusahaan Publik mengungkapkan hal tersebut.
                                 Hubungan keuangan dan hubungan keluarga anggota Direksi
                                 dan anggota Dewan Komisaris dengan anggota Direksi lain,
                                 anggota Dewan Komisaris lain, dan/atau pemegang saham
                                 pengendali Bank. / The of the Board of Commissioners, major
                                 shareholders and controllers, either directly or indirectly to
                                 individual owners, including names of affiliated parties. In the
                                 event that members of the Board of Directors have no affiliation,
                                 the Issuer or Public Company shall disclose this. Financial
                                 relationships and family relationships of members of the Board
                                 of Directors and members of the Board of Commissioners with
                                 other members of the Board of Directors, other members of the
                                 Board of Commissioners, and/or controlling shareholders of the
                                 Bank.

                              8. Perubahan komposisi anggota Direksi dan alasan                                   SEOJK 16
                                 perubahannya. Dalam hal tidak terdapat perubahan komposisi
                                 anggota Direksi, maka diungkapkan mengenai hal tersebut.
                                 / Changes in the composition of members of the Board of             122-124
                                 Directors and reasons for the changes. In the event that there
                                 is no change in the composition of the members of the Board of
                                 Directors, this will be disclosed.




    820                                                                                                   Laporan Tahunan 2025
Page 821
                                                                                                                     PT Bank Mandiri Taspen




               Kriteria                                              Penjelasan                                    Halaman     Regulasi
               Criteria                                              Explanation                                    Page      Regulations

 Profil Dewan Komisaris                  Profil Dewan Komisaris, paling sedikit memuat:                                         SEOJK 9
 Profile of the Board of Commissioners   Profile of the Board of Commissioners, at least contains:                              SEOJK 16

                                         1. Nama dan jabatan. / Name and position.

                                         2. Foto terbaru. / Latest photos.

                                         3. Usia. / Age.

                                         4. Kewarganegaraan. / Citizenship.

                                         5. Riwayat pendidikan dan/atau sertifikasi. / Educational history
                                            and/or certification.

                                         6. Riwayat jabatan, meliputi informasi:
                                            Position history, including information on:

                                            a. Dasar hukum pengangkatan sebagai anggota Dewan
                                               Komisaris / The legal basis for appointment as a member
                                               of the Board of Directors of the Issuer or Public Company
                                               concerned

                                            b. Dasar hukum pengangkatan pertama kali sebagai anggota
                                               Dewan Komisaris yang merupakan komisaris independen
                                               pada Emiten atau Perusahaan Publik yang bersangkutan.
                                               / Legal basis for the first appointment as a member of
                                               the Board of Commissioners who is an independent
                                               commissioner of the Issuer or Public Company concerned.

                                            c. Rangkap jabatan, baik sebagai anggota Dewan Komisaris,
                                               anggota Direksi, dan/atau anggota komite serta jabatan
                                               lainnya baik di dalam maupun di luar Emiten atau
                                               Perusahaan Publik. Dalam hal anggota Dewan Komisaris
                                               tidak memiliki rangkap jabatan, maka diungkapkan mengenai
                                               hal tersebut. / Concurrent positions, both as members of the
                                               Board of Directors, members of the Board of Commissioners,          125-131
                                               and/or committee members as well as other positions both
                                               inside and outside the Issuer or Public Company. In the
                                               event that members of the Board of Directors do not have
                                               concurrent positions, then this is disclosed.

                                            d. Pengalaman kerja beserta periode waktunya baik di dalam
                                               maupun di luar Emiten atau Perusahaan Publik. / Work
                                               experience and time period both inside and outside the
                                               Issuer or Public Company.

                                         7. Hubungan afiliasi dengan anggota Dewan Komisaris lainnya,                           SEOJK 9
                                            pemegang saham utama, dan pengendali baik langsung                                  SEOJK 14
                                            maupun tidak langsung sampai kepada pemilik individu,                               SEOJK 16
                                            meliputi nama pihak yang terafiliasi.                                               POJK 17
                                            Dalam hal anggota Dewan Komisaris tidak memiliki hubungan
                                            afiliasi, maka Emiten atau Perusahaan Publik mengungkapkan hal
                                            tersebut.
                                            Hubungan keuangan dan hubungan keluarga anggota Direksi dan
                                            anggota Dewan Komisaris dengan anggota Direksi lain, anggota
                                            Dewan Komisaris lain, dan/atau pemegang saham pengendali
                                            Bank.
                                            Affiliation with other members of the Board of Directors,
                                            members of the Board of Commissioners, major shareholders
                                            and controllers, either directly or indirectly to individual owners,
                                            including names of affiliated parties.
                                            In the event that members of the Board of Directors have no
                                            affiliation, the Issuer or Public Company shall disclose this.
                                            Financial relationships and family relationships of members of the
                                            Board of Directors and members of the Board of Commissioners
                                            with other members of the Board of Directors, other members of
                                            the Board of Commissioners, and/or controlling shareholders of the
                                            Bank.

                                         8. Pernyataan independensi komisaris independen dalam hal                              SEOJK 16
                                            komisaris independen telah menjabat lebih dari 2 (dua) periode.
                                            / Statement of independence of the independent commissioner              N/A
                                            in the event that the independent commissioner has served
                                            more than 2 (two) terms.




2025 Annual Report                                                                                                                821
Page 822
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                 Kriteria                                         Penjelasan                                     Halaman        Regulasi
                 Criteria                                         Explanation                                     Page         Regulations

                                     9. Perubahan komposisi anggota Dewan Komisaris dan alasan                                   SEOJK 16
                                        perubahannya. Dalam hal tidak terdapat perubahan komposisi
                                        anggota Dewan Komisaris, maka diungkapkan mengenai hal
                                        tersebut. / Changes in the composition of members of the Board           132-134
                                        of Directors and reasons for the changes. In the event that there
                                        is no change in the composition of the members of the Board of
                                        Directors, this will be disclosed.

 Profil singkat pejabat eksekutif    Termasuk susunan pejabat eksekutif beserta jabatan dan ringkasan                             SEOJK 9
 Executive officer brief profile     Riwayat hidup. / Including the composition of executive officers            135-150
                                     along with their positions and a summary of Curriculum Vitae.

 Jumlah karyawan dan data            Jumlah karyawan menurut jenis kelamin, jabatan, usia, tingkat                               SEOJK 9
 pengembangan kompetensi karyawan.   pendidikan, dan status ketenagakerjaan (tetap/kontrak) dalam tahun                          SEOJK 16
 Number of employees and employee    buku. / Data on employee competency development that has been
 competency development data.        carried out in the financial year consisting of parties (position levels)
                                     who attended training, types of training, and training objectives as        151-154
                                     well as equal opportunities for all employees.

                                     Pengungkapan informasi dapat disajikan dalam bentuk tabel. /
                                     Employee competency development costs that have been incurred
                                     in the financial year.

 Komposisi pemegang saham            Nama pemegang saham dan persentase kepemilikan pada awal                                    SEOJK 9
 Shareholder composition             dan akhir tahun buku, yang terdiri dari informasi mengenai:                                 SEOJK 16
                                     Names of shareholders and percentage of ownership at the                                    POJK 17
                                     beginning and end of the financial year, which consists of
                                     information regarding:

                                     1. Pemegang saham yang memiliki 5% (lima persen) atau lebih
                                        saham Emiten atau Perusahaan Publik. / Shareholders who own                156
                                        5% (five percent) or more shares of Issuers or Public Companies.

                                     2. Anggota Direksi dan anggota Dewan Komisaris yang memiliki
                                        saham Emiten atau Perusahaan Publik.
                                        Dalam hal seluruh anggota Direksi dan/atau seluruh anggota
                                        Dewan Komisaris tidak memiliki saham, maka diungkapkan
                                        mengenai hal tersebut.
                                                                                                                   156
                                     2. Members of the Board of Directors and members of the Board of
                                        Commissioners who own shares of Issuers or Public Companies.
                                        In the event that all members of the Board of Directors and/or
                                        all members of the Board of Commissioners do not own shares,
                                        then this matter shall be disclosedthe.

                                     3. Persentase kepemilikan tidak langsung atas saham Emiten
                                        atau Perusahaan Publik oleh anggota Direksi dan anggota
                                        Dewan Komisaris pada awal dan akhir tahun buku, termasuk
                                        informasi mengenai pemegang saham yang terdaftar dalam
                                        daftar pemegang saham untuk kepentingan kepemilikan tidak
                                        langsung anggota Direksi dan anggota Dewan Komisaris.
                                        Dalam hal seluruh anggota Direksi dan/atau seluruh anggota
                                        Dewan Komisaris tidak memiliki kepemilikan tidak langsung
                                        atas saham Emiten atau Perusahaan Publik, maka diungkapkan
                                        mengenai hal tersebut.
                                     3. shares by members of the Board of Directors and members of
                                        the Board of Commissioners at the beginning and end of the
                                        financial year, including information regarding shareholders who           156
                                        are registered in the register of shareholders for the benefit of
                                        indirect ownership by members of the Board of Directors and
                                        members of the Board of Commissioners. In the event that all
                                        members of the Board of Directors and/or all members of the
                                        Board of Commissioners do not have indirect ownership of the
                                        shares of the Issuer or Public Company, then this matter must
                                        be disclosed.
                                        Directors and commissioners who own Shares (Directors and
                                        Board of Commissioners/Supervisory Board must report to
                                        the company regarding their and/or family’s share ownership
                                        in the company concerned and other companies, including any
                                        changes thereto).




    822                                                                                                                  Laporan Tahunan 2025
Page 823
                                                                                                                      PT Bank Mandiri Taspen




                Kriteria                                               Penjelasan                                   Halaman     Regulasi
                Criteria                                               Explanation                                   Page      Regulations

                                           4. Kelompok pemegang saham masyarakat, yaitu kelompok                                 SEOJK 16
                                              pemegang saham yang masing-masing memiliki kurang dari 5%
                                              (lima persen) saham Emiten atau Perusahaan Publik. / Group of
                                              public shareholders, namely groups of shareholders who each             156
                                              own less than 5% (five percent) of the shares of the Issuer or
                                              Public Company.

                                           5. Jumlah pemegang saham dan persentase kepemilikan per akhir                         SEOJK 16
                                              tahun buku berdasarkan klasifikasi: / Number of shareholders
                                              and percentage of ownership at the end of the financial year
                                              based on classification:

                                              a. Kepemilikan institusi lokal. / Ownership of local institutions.
                                                                                                                      155
                                              b. Kepemilikan institusi asing. / Ownership of foreign
                                                 institutions.

                                              c. Kepemilikan individu lokal. / Local individual ownership.

                                              d. Kepemilikan individu asing. / Foreign individual ownership.

                                           Informasi di atas dapat disajikan dalam bentuk tabel. / The above
                                           information can be presented in tabular form.

 Pemegang saham utama dan                  Informasi mengenai pemegang saham utama dan pengendali                                SEOJK 9
 pengendali                                Emiten atau Perusahaan Publik, baik langsung maupun tidak                             SEOJK 16
 Major and controlling shareholder         langsung, sampai kepada pemilik individu, yang disajikan
                                           dalam bentuk skema atau bagan. / Information regarding major               157
                                           shareholders and controllers of Issuers or Public Companies, either
                                           directly or indirectly, up to individual owners, presented in the form
                                           of a schematic or chart.

 Daftar entitas anak perusahaan            Nama entitas anak, perusahaan asosiasi, perusahaan ventura                            SEOJK 9
 asosiasi, perusahaan ventura              bersama dimana Emiten atau Perusahaan Publik memiliki                                 SEOJK 16
 List of associate subsidiaries, venture   pengendalian bersama entitas (jika ada), beserta persentase
 companies                                 kepemilikan saham, bidang usaha, total aset, dan status operasi
                                           entitas anak, perusahaan asosiasi, perusahaan ventura bersama.
                                           Untuk entitas anak, ditambahkan informasi mengenai alamat entitas
                                           anak tersebut.
                                                                                                                      157
                                           Names of subsidiaries, associated companies, joint venture
                                           companies where the Issuer or Public Company has joint control of
                                           the entity (if any), along with the percentage of share ownership,
                                           line of business, total assets, and operating status of subsidiaries,
                                           associated companies, joint venture companies.
                                           For subsidiaries, information regarding the address of the subsidiary
                                           is added.

 Informasi terkait dengan Kelompok         Bank yang merupakan bagian dari suatu kelompok usaha dan/atau                          SEOJK 9
 Usaha Bank                                memiliki Entitas Anak, harus menambahkan dengan:
 Information related to the Bank           Banks that are part of a business group and/or have Subsidiaries,
 Business Group                            must add:

                                           Struktur kelompok usaha Bank yang meliputi:
                                           The structure of the Bank’s business group which includes:

                                           a. Struktur kelompok usaha Bank, antara lain terdiri dari Bank,
                                              Entitas Anak, perusahaan terelasi (sister company), Entitas
                                              Induk sampai dengan ultimate shareholder. / The structure of
                                              the Bank’s business group consists of the Bank, Subsidiaries,
                                              sister companies, Parent Entity up to the ultimate shareholder.
                                                                                                                      158
                                           b. Struktur keterkaitan kepengurusan dalam kelompok usaha Bank.
                                              / Management linkage structure within the Bank’s business
                                              group.

                                           c. Pemegang saham yang bertindak atas nama pemegang saham
                                              lain. Pengertian pemegang saham yang bertindak atas nama
                                              pemegang saham lain adalah pemegang saham perorangan
                                              atau entitas yang memiliki tujuan bersama yaitu mengendalikan
                                              Bank, berdasarkan atau tidak berdasarkan suatu perjanjian.
                                              / Shareholders acting on behalf of other shareholders. The
                                              definition of a shareholder acting on behalf of another
                                              shareholder is an individual shareholder or an entity that has the
                                              common goal of controlling the Bank, based on or not based on
                                              an agreement.




2025 Annual Report                                                                                                                 823
Page 824
Indeks Referensi OJK
OJK Reference Index




                Kriteria                                              Penjelasan                                   Halaman        Regulasi
                Criteria                                              Explanation                                   Page         Regulations

 Kronologis pencatatan saham             Kronologis pencatatan saham, jumlah saham, jumlah saham tercatat                          SEOJK 16
 Share listing chronology                setelah masing-masing tindakan korporasi (corporate action), nilai
                                         nominal, dan harga penawaran dari awal pencatatan hingga akhir
                                         tahun buku serta nama bursa efek dimana saham Emiten atau
                                         Perusahaan Publik dicatatkan, termasuk pemecahan saham (stock
                                         split), penggabungan saham (reverse stock), dividen saham, saham
                                         bonus, dan perubahan nilai nominal saham, pelaksanaan efek
                                         konversi, pelaksanaan penambahan dan pengurangan modal (jika
                                         ada).
                                                                                                                     159
                                         Chronology of share listing, number of shares, number of listed
                                         shares after each corporate action, nominal value, and offering
                                         price from the beginning of listing to the end of the financial year
                                         as well as the name of the stock exchange where the Issuer’s or
                                         Public Company’s shares are listed, including stock splits ( stock
                                         split), merger of shares (reverse stock), stock dividends, bonus
                                         shares, and changes in the nominal value of shares, implementation
                                         of conversion effects, implementation of capital additions and
                                         reductions (if any).

 Informasi pencatatan efek lainnya       Informasi pencatatan efek lainnya yang belum jatuh tempo pada                             SEOJK 16
 Information on the listing of other     tahun buku paling sedikit memuat nama efek, tahun penerbitan,
 securities                              tingkat suku bunga/imbal hasil, tanggal jatuh tempo, nilai
                                         penawaran, dan peringkat efek (jika ada).
                                         Information on the listing of other securities that are not yet due       160-161
                                         in the financial year at least contains the names of the securities,
                                         the type of corporate action that causes a change in the number
                                         of other securities, year of issue, interest rate/yield, maturity date,
                                         offering value, name of stock exchange where other securities are
                                         listed, and securities rating (if any).

 Informasi penggunaan jasa akuntan       Informasi penggunaan jasa akuntan publik (AP) dan kantor akuntan                          SEOJK 16
 publik (AP) dan kantor akuntan publik   publik (KAP) beserta jaringan/asosiasi/aliansinya meliputi:
 (KAP)                                   Information on the use of public accounting services (AP) and public
 Information on the use of public        accounting firms (KAP) and their networks/associations/alliance
 accounting services (AP) and public     includes:
 accounting firms (KAP)
                                         1. Nama dan alamat. / Name and address.

                                         2. Periode penugasan. / Assignment period.

                                         3. Informasi jasa audit dan/atau non audit yang diberikan. /
                                            Information on audit and/or non-audit services provided.

                                         4. Biaya jasa (fee) audit dan/atau non audit untuk masing- masing
                                            penugasan yang diberikan selama tahun buku. / Audit and/or
                                            non-audit service fees for each assignment given during the              162
                                            financial year.

                                         5. Dalam hal AP dan KAP beserta jaringan/asosiasi/ aliansinya,
                                            yang ditunjuk tidak memberikan jasa non audit, maka
                                            diungkapkan mengenai informasi tersebut. / In the event that
                                            the designated AP and KAP and their network/ association/
                                            alliance do not provide non-audit services, then the information
                                            shall be disclosed.

                                         Pengungkapan informasi penggunaan jasa AP dan KAP beserta
                                         jaringan/asosiasi/aliansinya dapat disajikan dalam bentuk tabel.
                                         Disclosure of information on the use of AP and KAP services and
                                         their networks/associations/alliances can be presented in tabular
                                         form.

 Nama dan alamat lembaga dan/atau        Nama dan alamat lembaga dan/atau profesi penunjang pasar                                  SEOJK 16
 profesi penunjang.                      modal selain AP dan KAP. / Names and addresses of capital market
                                         supporting institutions and/or professions other than AP and KAP.           163
 Name and address of supporting
 institution and/or profession.




    824                                                                                                                    Laporan Tahunan 2025
Page 825
                                                                                                                       PT Bank Mandiri Taspen




                Kriteria                                                Penjelasan                                   Halaman     Regulasi
                Criteria                                                Explanation                                   Page      Regulations

 Penghargaan dan Sertifikasi.             Informasi memuat antara lain:                                                            SEOJK 9
 Awards and Certifications.               Information includes, among others:

                                          1. Nama penghargaan dan/atau sertifikasi (berskala nasional dan
                                             internasional). / Name of award and/or certification (national and
                                             international scale).

                                          2. Tahun perolehan penghargaan dan/atau sertifikasi. / Year of             164-166
                                             award and/or certification.

                                          3. Badan pemberi penghargaan dan/atau sertifikasi. / Awarding
                                             and/or certification bodies.

                                          4. Masa berlaku (untuk sertifikasi). / Validity period (for
                                             certification).

 ANALISIS DAN PEMBAHASAN MANAJEMEN ATAS KINERJA PERUSAHAAN /
 MANAGEMENT DISCUSSION AND ANALYSIS OF THE COMPANY’S PERFORMANCE

 Rencana Strategis Bank                   1. Rencana korporasi (corporate plan). / Corporate plan                                 SEOJK 14
                                          2. Rencana bisnis bank (business plan). / Business plan                    179-181      POJK 17
 Bank Strategic Plan

 Tinjauan operasi per segmen usaha        Tinjauan operasi per segmen usaha sesuai dengan jenis industri                          SEOJK 9
 Operational review per business          Emiten atau Perusahaan Publik, paling sedikit mengenai:                                 SEOJK 16
 segment                                  Operational review per business segment according to the type of
                                          industry of the Issuer or Public Company, at least concerning:

                                          1. Penjelasan masing-masing segmen usaha. / Explanation of each
                                                                                                                     189-190
                                             business segment.

                                          2. Kinerja per segmen usaha, antara lain: / Performance per
                                             business segment, among others:

                                              a. Produksi, yang meliputi proses, kapasitas, dan
                                                 perkembangannya. / Production, which includes process,              190-194
                                                 capacity, and development.

                                              b. Peningkatan/penurunan kapasitas produksi. / Increase/
                                                                                                                     192-194
                                                 decrease in production capacity.

                                              c. Penjualan/pendapatan usaha. / Sales/business income.                194-195

                                              d. Profitabilitas. / Profitability.                                    195-196

 Uraian atas kinerja keuangan             Kinerja keuangan komprehensif yang mencakup perbandingan                                SEOJK 9
 perusahaan                               kinerja keuangan dalam 2 (dua) tahun buku terakhir (dalam bentuk                        SEOJK 16
 Description of the company’s financial   narasi dan tabel), penjelasan tentang penyebab adanya perubahan
 performance                              dan dampak perubahan tersebut, paling sedikit mengenai:
                                          Comprehensive financial performance which includes a comparison
                                          of financial performance in the last 2 (two) financial years (in the
                                          form of narratives and tables), an explanation of the causes of the
                                          changes and the impact of these changes, at least concerning:

                                          1. Aset lancar, aset tidak lancar, dan total aset. / Current assets,
                                                                                                                     207-213
                                             non-current assets, and total assets.

                                          2. Liabilitas jangka pendek, liabilitas jangka panjang dan total
                                             liabilitas. / Short term liabilities, long term liabilities and total   213-216
                                             liabilities.

                                          3. Penanaman dana (investasi dan pemberian kredit/pembiayaan)
                                             dan total aset. / Funding (investment and giving credit/                208-210
                                             financing).

                                          4. Dana pihak ketiga dan sumber pendanaan lain. / Third party
                                                                                                                     214-215
                                             funds and other funding sources.

                                          5. Ekuitas. / Equity.                                                        217

                                          6. Pendapatan/penjualan, beban, laba (rugi), penghasilan
                                             komprehensif lain, dan total laba (rugi) komprehensif. / Income/
                                                                                                                     219-223
                                             sales, expenses, profit (loss), other comprehensive income, and
                                             total comprehensive profit (loss).

                                          7. Arus kas. / Cash flow.                                                  226-227

                                          8. Suku bunga dasar kredit. / Basic credit interest rate.                  233-234       SEOJK 9




2025 Annual Report                                                                                                                  825
Page 826
Indeks Referensi OJK
OJK Reference Index




                 Kriteria                                                 Penjelasan                                   Halaman        Regulasi
                 Criteria                                                 Explanation                                   Page         Regulations

 Analisis kualitas aset produktif dan                                                                                                   SEOJK 9
 rasio keuangan yang relevan.
                                                                                                                       235-237
 Analysis of the quality of earning
 assets and relevant financial ratios.

 Bahasan dan analisis tentang                 Penjelasan tentang / Explanation of:                                                     SEOJK 16
 kemampuan membayar utang
 dan tingkat kolektibilitas piutang           1. Kemampuan membayar hutang, baik jangka pendek (likuiditas)
 perusahaan, dengan menyajikan                   maupun jangka panjang (solvabilitas). / Ability to pay debts,         228-229
 perhitungan rasio yang relevan sesuai           both short term (liquidity) and long term (solvability).
 dengan jenis industri perusahaan.
                                              2. Tingkat kolektibilitas piutang. / Receivables collectibility level.
 Discussion and analysis of the ability to
 pay debts and the collectability of the
 company’s receivables, by presenting                                                                                  231-233
 the calculation of the relevant ratio
 according to the type of company’s
 industry.

 Bahasan tentang struktur modal               Penjelasan atas: / Top explanation:                                                      SEOJK 16
 (capital structure) dan kebijakan
 manajemen atas struktur modal                1. Rincian struktur modal (capital structure) yang terdiri dari
 (capital structure policy).                     utang berbasis bunga/sukuk dan ekuitas. / Details of the capital
                                                                                                                       238-242
                                                 structure (capital structure), which consists of interest-based
 Discussion on capital structure and
                                                 debt/sukuk and equity.
 management policies on capital
 structure (capital structure policy).        2. Kebijakan manajemen atas struktur modal (capital structure
                                                 policies). / Management policies on capital structure (capital          238
                                                 structure policies).

                                              3. Dasar pemilihan kebijakan manajemen. / Basis for selection of
                                                                                                                         238
                                                 management policies.

 Bahasan mengenai ikatan yang                 Penjelasan tentang: / Explanation of:                                                    SEOJK 16
 material untuk investasi barang modal
 (bukan ikatan pendanaan) pada tahun          1. Nama pihak yang melakukan ikatan. / The name of the party
                                                                                                                         243
 buku terakhir.                                  making the bond.
 Discussion on material commitments           2. Tujuan dari ikatan tersebut. / The purpose of the bond.                 243
 for capital goods investment (not
 funding commitments) in the last             3. Sumber dana yang diharapkan untuk memenuhi ikatan- ikatan
                                                                                                                         243
 financial year.                                 tersebut. / Source of funds expected to fulfill these ties.

                                              4. Mata uang yang menjadi denominasi. / The currency to be
                                                                                                                         243
                                                 denominated.

                                              5. Langkah-langkah yang direncanakan perusahaan untuk
                                                 melindungi risiko dari posisi mata uang asing yang terkait. / The
                                                                                                                         244
                                                 steps the company plans to take to protect against risks from
                                                 related foreign currency positions.

                                              Catatan: apabila perusahaan tidak mempunyai ikatan terkait
                                              investasi barang modal pada tahun buku terakhir agar diungkapkan.
                                              Notes: if the company has no ties related to investment in capital
                                              goods in the last financial year to be disclosed.

 Bahasan mengenai investasi barang            Penjelasan tentang: / Explanation of:                                                    SEOJK 9
 modal yang direalisasikan pada tahun                                                                                                  SEOJK 16
 buku terakhir.                               1. Jenis investasi barang modal. / Types of investment in capital
                                                                                                                         244
                                                 goods.
 Discussion on investment in capital
 goods realized in the last financial year.   2. Tujuan investasi barang modal. / The purpose of investing in
                                                                                                                         244
                                                 capital goods.

                                              3. Nilai investasi barang modal yang dikeluarkan pada tahun buku
                                                 terakhir. / Investment value of capital goods issued in the last        244
                                                 financial year.

                                              Catatan: apabila tidak terdapat realisasi investasi barang modal,
                                              agar diungkapkan.
                                              Notes: if there is no realization of investment in capital goods, so
                                              that it is disclosed.

 Informasi dan Fakta Material Setelah                                                                                                  SEOJK 16
 Tanggal Laporan Akuntan.
                                                                                                                       245-246
 Information and Material Facts After
 The Date of the Accountant’s Report




    826                                                                                                                        Laporan Tahunan 2025
Page 827
                                                                                                                           PT Bank Mandiri Taspen




                Kriteria                                                  Penjelasan                                     Halaman     Regulasi
                Criteria                                                  Explanation                                     Page      Regulations

 Uraian tentang prospek usaha                Prospek usaha dari Emiten atau Perusahaan Publik dikaitkan                               SEOJK 16
 perusahaan.                                 dengan kondisi industri, ekonomi secara umum dan pasar
 Description of the company’s business       internasional disertai data pendukung kuantitatif dari sumber data
 prospects.                                  yang layak dipercaya.
                                                                                                                         246-251
                                             The business prospects of Issuers or Public Companies are linked to
                                             industry conditions, the general economy and international markets
                                             accompanied by quantitative supporting data from reliable data
                                             sources.

 Informasi perbandingan antara target        Perbandingan antara target/proyeksi pada awal tahun buku dengan                          SEOJK 16
 pada awal tahun buku dengan hasil           hasil yang dicapai (realisasi), mengenai:
 yang dicapai (realisasi), dan target atau   Comparison between targets/projections at the beginning of the
 proyeksi yang ingin dicapai untuk satu      financial year with the results achieved (realization), regarding:
 tahun mendatang.
 Comparative information between             1. Pendapatan/penjualan. / Sales revenue.                                     252
 targets at the beginning of the
                                             2. Laba (rugi). / Profit and loss.                                            252
 financial year with the results achieved
 (realization), and targets or projections   3. Struktur modal (capital structure). / Capital structure.                 252-253
 to be achieved for the next year.
                                             4. Pemasaran. / Marketing.                                                    253

                                             5. Pengembangan SDM. / HR Development.                                      253-254

                                             6. Hal lainnya yang dianggap penting bagi Emiten atau
                                                Perusahaan Publik. / Other matters deemed important by the                 252
                                                Issuer or Public Company.

                                             Target/proyeksi yang ingin dicapai Emiten atau Perusahaan Publik
                                             untuk 1 (satu) tahun mendatang, mengenai:
                                             Targets/projections to be achieved by Issuers or Public Companies
                                             for the next 1 (one) year, regarding:

                                             1. Pendapatan/penjualan. / Sales revenue.                                     255

                                             2. Laba (rugi). / Profit and loss.                                            255

                                             3. Struktur modal (capital structure). / Capital structure.                   256

                                             4. Kebijakan dividen. / Dividend policy.                                      256

                                             5. Pemasaran. / Marketing.                                                  256-258

                                             6. Pengembangan SDM. / HR Development                                       259-261

                                             7. Hal lainnya yang dianggap penting bagi Emiten atau
                                                Perusahaan Publik. / Other matters deemed important by the                 255
                                                Issuer or Public Company.

 Uraian tentang aspek pemasaran.             Aspek pemasaran atas barang dan/atau jasa Emiten atau                                    SEOJK 9
 Description of the marketing aspect.        Perusahaan Publik, paling sedikit mengenai strategi pemasaran dan                        SEOJK 16
                                             pangsa pasar.                                                               181-185
                                             Marketing aspects of the Issuer’s or Public Company’s goods and/or
                                             services, at least regarding marketing strategy and market share.

 Uraian mengenai dividen selama 2            Uraian mengenai dividen selama 2 (dua) tahun buku terakhir, paling                       SEOJK 16
 (dua) tahun buku terakhir.                  sedikit: / Description of dividends for the last 2 (two) financial years,
 Description of dividends for the last 2     at least:
 (two) financial years.
                                             1. Kebijakan dividen, antara lain memuat informasi persentase
                                                jumlah dividen yang dibagikan terhadap laba bersih. / The
                                                dividend policy, among other things, contains information on             262-263
                                                the percentage of the amount of dividends distributed to net
                                                income.

                                             2. Tanggal pembayaran dividen kas dan/atau tanggal distribusi
                                                dividen non kas. / Cash dividend payment date and/or non-cash              263
                                                dividend distribution date.

                                             3. Jumlah dividen per saham (kas dan/atau non kas). /
                                                                                                                           263
                                                Amount of dividends per share (cash and/or non-cash).

                                             4. Jumlah dividen per tahun yang dibayar. /
                                                                                                                           263
                                                The amount of dividends per year paid.

                                             Catatan: apabila tidak ada pembagian dividen, agar diungkapkan
                                             alasannya.
                                             Notes: if there is no distribution of dividends, please state the
                                             reasons.




2025 Annual Report                                                                                                                      827
Page 828
Indeks Referensi OJK
OJK Reference Index




                 Kriteria                                                  Penjelasan                                  Halaman        Regulasi
                 Criteria                                                  Explanation                                  Page         Regulations

 Realisasi penggunaan dana hasil             Memuat uraian mengenai: / Contains descriptions of:                                       SEOJK 16
 penawaran umum (dalam hal
 perusahaan masih diwajibkan                 1. Total perolehan dana. / Total proceeds.
 menyampaikan laporan realisasi
                                             2. Rencana penggunaan dana. / Fund usage plan.
 penggunaan dana)
 Realization of the use of proceeds from     3. Rincian penggunaan dana. / Details of use of funds.
 the public offering (in the event that
 the company is still required to submit     4. Saldo dana. / Fund balance.
 a report on the realization of the use
                                             5. Tanggal persetujuan RUPS/RUPO atas perubahan penggunaan
 of funds)
                                                dana (jika ada). / The date of approval of the GMS/RUPO for
                                                changes in the use of funds (if any).

                                                  a. Dalam hal selama tahun buku, Emiten memiliki kewajiban
                                                     menyampaikan laporan realisasi penggunaan dana, maka
                                                     diungkapkan realisasi penggunaan dana hasil penawaran
                                                     umum secara kumulatif sampai dengan akhir tahun buku. /
                                                     In the event that during the financial year, the Issuer has an
                                                     obligation to submit a report on the realization of the use       263-265
                                                     of funds, the cumulative realization of the use of proceeds
                                                     from public offerings until the end of the financial year is
                                                     disclosed.
                                                  b. Dalam hal terdapat perubahan penggunaan dana
                                                     sebagaimana diatur dalam Peraturan Otoritas Jasa
                                                     Keuangan mengenai laporan realisasi penggunaan dana
                                                     hasil penawaran umum, maka Emiten menjelaskan
                                                     perubahan tersebut. / In the event that there is a change
                                                     in the use of funds as stipulated in the Financial Services
                                                     Authority Regulation regarding the report on the realization
                                                     of the use of funds from a public offering, the Issuer shall
                                                     explain the change.

                                             Catatan: apabila tidak memiliki informasi realisasi penggunaan
                                             dana hasil penawaran umum, agar diungkapkan.
                                             Note: if you do not have information on the realization of the use of
                                             proceeds from a public offering, please disclose it.

 Informasi material (jika ada), antara       Memuat uraian mengenai:                                                                   SEOJK 16
 lain mengenai investasi, ekspansi,          Contains descriptions of:
 divestasi, penggabungan/peleburan
 usaha, akuisisi, restrukturisasi utang/     a. Tanggal, nilai, dan objek transaksi. / Date, value, and transaction    264-265,
 modal, transaksi material, transaksi           object.                                                                271-271
 afiliasi, dan transaksi benturan
 kepentingan.                                b. Nama pihak yang melakukan transaksi. / The name of the party
                                                                                                                       268-271
                                                conducting the transaction.
 Material information (if any), including
 investment, expansion, divestment,          c. Sifat hubungan afiliasi (jika ada). / Nature of the affiliation
 business merger/consolidation,                                                                                        268-271
                                                relationship (if any).
 acquisition, debt/ capital restructuring,
 material transactions, affiliated           d. Penjelasan mengenai kewajaran transaksi. / Explanation of the
                                                                                                                         272
 transactions, and conflict of interest         fairness of the transaction.
 transactions.
                                             e. Pemenuhan ketentuan terkait. / Fulfillment of related provisions.        272

                                             f.   Dalam hal terdapat hubungan afiliasi, selain mengungkapkan
                                                  informasi sebagaimana dimaksud dalam angka a) sampai
                                                  dengan angka f), Emiten atau Perusahaan Publik juga
                                                  mengungkapkan informasi:
                                                  In the event that there is an affiliation relationship, apart from
                                                  disclosing the information referred to in number a) through
                                                  number f), the Issuer or Public Company also discloses
                                                  information:

                                                  1) Pernyataan Direksi bahwa transaksi afiliasi telah melalui
                                                     prosedur yang memadai untuk memastikan bahwa transaksi
                                                     afiliasi dilaksanakan sesuai dengan praktik bisnis yang
                                                     berlaku umum antara lain dilakukan dengan memenuhi
                                                     prinsip transaksi yang wajar (armslength principle). / The
                                                                                                                         273
                                                     Board of Directors’ statement that affiliated transactions
                                                     have gone through adequate procedures to ensure that
                                                     affiliated transactions are carried out in accordance with
                                                     generally accepted business practices, among others, carried
                                                     out by fulfilling the arm’s length principle.




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                Kriteria                                              Penjelasan                                     Halaman     Regulasi
                Criteria                                              Explanation                                     Page      Regulations

                                             2) Peran Dewan Komisaris dan komite audit dalam melakukan
                                                prosedur yang memadai untuk memastikan bahwa transaksi
                                                afiliasi dilaksanakan sesuai dengan praktik bisnis yang
                                                berlaku umum antara lain dilakukan dengan memenuhi
                                                prinsip transaksi yang wajar (arms length principle). / The
                                                                                                                       273
                                                role of the Board of Commissioners and the audit committee
                                                in carrying out adequate procedures to ensure that affiliated
                                                transactions are carried out in accordance with generally
                                                accepted business practices, among others, is carried out by
                                                fulfilling the arm’s length principle.

                                        g. Untuk transaksi afiliasi atau transaksi material yang merupakan
                                           kegiatan usaha yang dijalankan dalam rangka menghasilkan
                                           pendapatan usaha dan dijalankan secara rutin, berulang, dan/
                                           atau berkelanjutan, ditambahkan penjelasan bahwa transaksi
                                           afiliasi atau transaksi material tersebut merupakan kegiatan
                                           usaha yang dijalankan dalam rangka menghasilkan pendapatan
                                           usaha dan dijalankan secara rutin, berulang, dan/atau
                                           berkelanjutan.
                                             Dalam hal transaksi afiliasi atau transaksi material dimaksud
                                             telah diungkapkan dalam laporan keuangan tahunan,
                                             ditambahkan informasi mengenai rujukan pengungkapan dalam
                                             laporan keuangan tahunan tersebut.                                        272
                                             For affiliate transactions or material transactions which are
                                             business activities carried out in order to generate business
                                             income and are carried out routinely, repeatedly and/or
                                             continuously, an explanation is added that the affiliated
                                             transactions or material transactions are business activities
                                             carried out in order to generate business income and are carried
                                             out routinely, repeatedly, and/or continuously.
                                             In the case of affiliated transactions or material transactions
                                             referred to have been disclosed in the annual financial
                                             statements, information is added regarding references to
                                             disclosure in the said annual financial statements.

                                        h. Untuk pengungkapan transaksi afiliasi dan/atau transaksi                               SEOJK 16
                                           benturan kepentingan yang merupakan hasil pelaksanaan                                  SEOJK 14
                                           transaksi afiliasi dan/atau transaksi benturan kepentingan yang
                                           telah disetujui pemegang saham independen, ditambahkan
                                           informasi mengenai tanggal pelaksanaan RUPS yang
                                           menyetujui transaksi afiliasi dan/atau transaksi benturan
                                           kepentingan tersebut.                                                       N/A
                                             For disclosure of affiliated transactions and/or conflict of interest
                                             transactions which are the result of the implementation of
                                             affiliated transactions and/or conflict of interest transactions that
                                             have been approved by independent shareholders, information
                                             is added regarding the date of the GMS that approves the
                                             affiliated transactions and/or conflict of interest transactions.

                                        i.   Dalam hal tidak terdapat transaksi afiliasi dan/atau transaksi
                                             benturan kepentingan, maka diungkapkan mengenai hal
                                             tersebut.                                                               267-273
                                             In the event that there are no affiliated transactions and/or
                                             conflict of interest transactions, then this is disclosed.

 Uraian mengenai perubahan peraturan    Uraian memuat antara lain: / The description contains, among                              SEOJK 16
 perundang-undangan terhadap            others:
 perusahaan pada tahun buku terakhir.
                                        1. Nama peraturan perundang-undangan yang mengalami
 Description of changes to laws and
                                           perubahan. / The names of the laws and regulations that have              274-286
 regulations on companies in the last
                                           changed.
 financial year.
                                        2. Dampaknya (kuantitatif dan/atau kualitatif) terhadap
                                           perusahaan (jika signifikan) atau pernyataan bahwa dampaknya
                                           tidak signifikan. / The impact (quantitative and/or qualitative) on         286
                                           the company (if significant) or the statement that the impact is
                                           not significant.

                                        Catatan: apabila tidak terdapat perubahan peraturan perundang-
                                        undangan pada tahun buku terakhir, agar diungkapkan.
                                        Notes: if there is no change in laws and regulations in the last
                                        financial year, so that it is disclosed.




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               Kriteria                                             Penjelasan                                    Halaman        Regulasi
               Criteria                                             Explanation                                    Page         Regulations

 Uraian mengenai perubahan kebijakan    Uraian memuat antara lain: / The description contains, among                              SEOJK 16
 akuntansi yang diterapkan perusahaan   others:
 pada tahun buku terakhir.
                                        1. Perubahan kebijakan akuntansi. / Changes in accounting
 Description of changes in accounting                                                                               286
                                           policies.
 policies implemented by the company
 in the last financial year.            2. Alasan perubahan kebijakan akuntansi. / Reasons for changes in
                                                                                                                    286
                                           accounting policies.

                                        3. Dampaknya secara kuantitatif terhadap laporan keuangan. /
                                                                                                                    286
                                           Quantitative impact on financial statements.

                                        Catatan: Apabila tidak terdapat perubahan kebijakan akuntansi
                                        pada tahun buku terakhir, agar diungkapkan.
                                        Notes: If there is no change in accounting policy in the last financial

 Informasi Eksposur Risiko dan          Eksposur risiko dan permodalan meliputi laporan eksposur risiko                            SEOJK 9
 Permodalan.                            dan permodalan periode tahunan sebagaimana diatur dalam bagian
 Information on Risk Exposure and       II Laporan publikasi eksposur risiko dan permodalan.
                                                                                                                  296-445
 Capital.                               Risk exposure and capital includes annual period risk and capital
                                        exposure reports as stipulated in part II of the Publication Report on
                                        risk and capital exposure.

 TATA KELOLA PERUSAHAAN / GOOD CORPORATE GOVERNANCE

 RUPS.                                  Informasi mengenai keputusan RUPS pada tahun buku dan 1 (satu)                            SEOJK 16
 GMS.                                   tahun sebelum tahun buku meliputi:
                                        Information regarding GMS resolutions in the financial year and 1
                                        (one) year before the financial year includes:

                                        a. Keputusan RUPS pada tahun buku dan 1 (satu) tahun sebelum
                                           tahun buku yang direalisasikan pada tahun buku. / GMS
                                           resolutions in the financial year and 1 (one) year prior to the
                                           financial year realized in the financial year.

                                        b. Keputusan RUPS pada tahun buku dan 1 (satu) tahun sebelum
                                           tahun buku yang belum direalisasikan beserta alasan belum              484-496
                                           direalisasikan. / GMS decisions in the financial year and 1 (one)
                                           year prior to the financial year that have not been realized along
                                           with the reasons for not being realized.

                                        Dalam hal Emiten atau Perusahaan Publik menggunakan
                                        pihak independen dalam pelaksanaan RUPS untuk melakukan
                                        perhitungan suara, maka diungkapkan mengenai hal tersebut.
                                        In the event that an Issuer or Public Company uses an independent
                                        party in the implementation of the GMS to carry out the vote count,
                                        it shall be disclosed regarding this matter.

 Direksi.                               1. Tugas dan tanggung jawab masing-masing anggota Direksi.                                SEOJK 14
 Directors.                                Informasi mengenai tugas dan tanggung jawab masing-                                    SEOJK 16
                                           masing anggota Direksi diuraikan dan dapat disajikan dalam                             POJK 17
                                           bentuk tabel. / Duties and responsibilities of each member of          502-503
                                           the Board of Directors. Information regarding the duties and
                                           responsibilities of each member of the Board of Directors is
                                           described and can be presented in tabular form.

                                        2. Pernyataan bahwa Direksi memiliki pedoman atau piagam                                  SEOJK 16
                                           (charter) Direksi. / Statement that the Board of Directors has a         502
                                           guideline or charter (charter) of the Board of Directors.

                                        3. Kebijakan dan pelaksanaan frekuensi rapat Direksi, rapat Direksi                       SEOJK 16
                                           bersama Dewan Komisaris, dan tingkat kehadiran anggota
                                           Direksi dalam rapat tersebut termasuk kehadiran dalam RUPS.
                                           Informasi tingkat kehadiran anggota Direksi dalam rapat Direksi,
                                           rapat Direksi bersama Dewan Komisaris, atau RUPS dapat
                                           disajikan dalam bentuk tabel. / Policy and implementation of
                                           the frequency of meetings of the Board of Directors, meetings
                                                                                                                  505-517
                                           of the Board of Directors with the of Commissioners, and the
                                           level of attendance of members of the Board of Directors at
                                           these meetings including attendance at the GMS. Information
                                           on the level of attendance of members of the Board of Directors
                                           at meetings of the Board of Directors, meetings of the Board
                                           of Directors with the Board of Commissioners or GMS can be
                                           presented in tabular form.




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              Kriteria                                Penjelasan                                  Halaman     Regulasi
              Criteria                                Explanation                                  Page      Regulations

                           4. Pelatihan dan/atau peningkatan kompetensi anggota Direksi:                       SEOJK 16
                              Training and/or competency improvement for members of the
                              Board of Directors:

                              a. Kebijakan pelatihan dan/atau peningkatan kompetensi
                                 anggota Direksi, termasuk program orientasi bagi anggota
                                 Direksi yang baru diangkat (jika ada). / Policy on training
                                 and/or competency improvement for members of the Board           517-522
                                 of Directors, including an orientation program for newly
                                 appointed members of the Board of Directors (if any).

                              b. Pelatihan dan/atau peningkatan kompetensi yang diikuti
                                 anggota Direksi dalam tahun buku (jika ada). / Training and/
                                 or competency improvement attended by members of the
                                 Board of Directors in the financial year (if any).

                           5. Penilaian Direksi terhadap kinerja komite yang mendukung                         SEOJK 16
                              pelaksanaan tugas Direksi pada tahun buku paling sedikit
                              memuat:
                              The Board of Directors’ assessment of the performance of the
                              committees that support the implementation of the duties of the
                              Board of Directors in the financial year contains at least:

                              a. Prosedur penilaian kinerja. / Performance appraisal
                                 procedures.

                              b. Kriteria yang digunakan seperti capaian kinerja selama tahun     525-527
                                 buku, kompetensi dan kehadiran dalam rapat. / The criteria
                                 used include performance achievements during the financial
                                 year, competence and attendance at meetings.

                           Dalam hal Emiten atau Perusahaan Publik tidak memiliki komite
                           yang mendukung pelaksanaan tugas Direksi, maka diungkapkan
                           mengenai hal tersebut. / In the event that the Issuer or Public
                           Company does not have a committee that supports the
                           implementation of the duties of the Board of Directors, this will be
                           disclosed.

                           6. Kepemilikan saham anggota Direksi dan anggota Dewan                              SEOJK 14
                              Komisaris yang mencapai 5% (lima persen) atau lebih dari                         POJK 17
                              modal disetor, yang meliputi jenis dan jumlah lembar saham
                              pada:
                              Members of the Board of Commissioners who reach 5% (five
                              percent) or more of paid-up capital, which includes the type and
                              number of shares in:                                                  566
                              a. Bank yang bersangkutan. / The bank in question.
                              b. Bank lain. / other banks.
                              c. Lembaga keuangan bukan bank. / Non-bank financial
                                 institutions.
                              d. Perusahaan lain yang berkedudukan baik di dalam maupun
                                 di luar negeri. / Other companies domiciled both inside and
                                 outside the country.

 Dewan Komisaris.          1. Tugas dan tanggung jawab Dewan Komisaris. / Duties and                           SEOJK 14
 Board of Commissioners.      responsibilities of the Board of Commissioners.                     528-530      SEOJK 16
                                                                                                               POJK 17

                           2. Pernyataan bahwa Dewan Komisaris memiliki pedoman atau                           SEOJK 16
                              piagam (charter) Dewan Komisaris. / Statement that the Board
                                                                                                    533
                              of Commissioners has guidelines or charter of the Board of
                              Commissioners.

                           3. Kebijakan dan pelaksanaan frekuensi rapat Dewan Komisaris,                       SEOJK 14
                              rapat Dewan Komisaris bersama Direksi dan tingkat kehadiran                      SEOJK 16
                              anggota Dewan Komisaris dalam rapat tersebut termasuk
                              kehadiran dalam RUPS. Informasi tingkat kehadiran anggota
                              Dewan Komisaris dalam rapat Dewan Komisaris, rapat Dewan
                              Komisaris bersama Direksi, atau RUPS dapat disajikan dalam
                              bentuk tabel. / Policy and implementation of the frequency of
                              meetings of the Board of Commissioners, meetings of the Board       538-544
                              of Commissioners with the Board of Directors and the level of
                              attendance of members of the Board of Commissioners at these
                              meetings including attendance at the GMS. Information on the
                              level of attendance of members of the Board of Commissioners at
                              meetings of the Board of Commissioners, meetings between the
                              Board of Commissioners and the Board of Directors, or GMS can
                              be presented in tabular form.



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               Kriteria                                           Penjelasan                                Halaman        Regulasi
               Criteria                                           Explanation                                Page         Regulations

                                       4. Pelatihan dan/atau peningkatan kompetensi anggota Dewan                           SEOJK 16
                                          Komisaris:
                                          Training and/or competency improvement for members of the
                                          Board of Commissioners:

                                          a. Kebijakan pelatihan dan/atau peningkatan kompetensi
                                             anggota Dewan Komisaris, termasuk program orientasi
                                             bagi anggota Dewan Komisaris yang baru diangkat (jika
                                             ada). / Policy on training and/or competency improvement
                                                                                                            544-547
                                             for members of the Board of Commissioners, including an
                                             orientation program for newly appointed members of the
                                             Board of Commissioners (if any).

                                          b. Pelatihan dan/atau peningkatan kompetensi yang diikuti
                                             anggota Dewan Komisaris dalam tahun buku (jika ada).
                                             / Training and/or competency improvement attended by
                                             members of the Board of Commissioners in the financial year
                                             (if any).

                                       5. Penilaian kinerja Direksi dan Dewan Komisaris serta masing-                       SEOJK 16
                                          masing anggota Direksi dan anggota Dewan Komisaris, paling
                                          sedikit memuat:
                                          Assessment of the performance of the Board of Directors and
                                          the Board of Commissioners as well as each member of the
                                          Board of Directors and members of the Board of Commissioners,
                                          contains at least:

                                          a. Prosedur pelaksanaan penilaian kinerja. / Procedure for        548-554
                                             implementing performance appraisal.

                                          b. Kriteria yang digunakan seperti capaian kinerja selama tahun
                                             buku, kompetensi dan kehadiran dalam rapat. / The criteria
                                             used include performance achievements during the financial
                                             year, competence and attendance at meetings.

                                          c. Pihak yang melakukan penilaian. / The party making the
                                             assessment.

                                       6. Penilaian Dewan Komisaris terhadap kinerja Komite yang                            SEOJK 16
                                          mendukung pelaksanaan tugas Dewan Komisaris pada tahun
                                          buku meliputi:
                                          The Board of Commissioners’ assessment of the performance of
                                          the Committees that support the implementation of the duties
                                          of the Board of Commissioners in the financial year includes:
                                                                                                            554-555
                                          a. Prosedur penilaian kinerja. / Performance appraisal
                                             procedures.

                                          b. Kriteria yang digunakan seperti capaian kinerja selama tahun
                                             buku, kompetensi dan kehadiran dalam rapat. / The criteria
                                             used include performance achievements during the financial
                                             year, competence and attendance at meetings.

 Nominasi dan remunerasi Direksi       Paling sedikit memuat: / Least load:
 dan Dewan Komisaris.
                                       1. Prosedur nominasi, meliputi uraian singkat mengenai kebijakan                     SEOJK 16
 Nomination and remuneration of
                                          dan proses nominasi anggota Direksi dan/atau anggota
 the Board of Directors and Board of
                                          Dewan Komisaris. / Nomination procedures, including a brief
 Commissioners.                                                                                             556-557
                                          description of the policies and nomination process for members
                                          of the Board of Directors and/or members of the Board of
                                          Commissioners.

                                       2. Prosedur dan pelaksanaan remunerasi Direksi dan Dewan                             SEOJK 16
                                          Komisaris, antara lain:
                                          Procedures and implementation of remuneration for the Board
                                          of Directors and Board of Commissioners, including:

                                          a. Prosedur penetapan remunerasi Direksi dan Dewan
                                             Komisaris. / Procedure for determining remuneration for the      557
                                             Board of Directors and Board of Commissioners.

                                          b. Pengungkapan indikator untuk penetapan remunerasi
                                             Direksi. / Disclosure of indicators for determining the        558-559
                                             remuneration of the Board of Directors.




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                 Kriteria                                             Penjelasan                                 Halaman     Regulasi
                 Criteria                                             Explanation                                 Page      Regulations

                                              c. Struktur remunerasi Direksi dan Dewan Komisaris seperti,
                                                 gaji, tunjangan, tantiem/bonus dan lainnya; dan / The
                                                 remuneration structure for the Board of Directors and the
                                                 Board of Commissioners such as salaries, allowances,
                                                 bonuses/ bonuses and others; And
                                           Catatan: apabila tidak terdapat bonus kinerja, bonus non kinerja,
                                           dan opsi saham yang diterima setiap anggota Dewan Komisaris dan
                                           Direksi, agar diungkapkan.
                                           Notes: if there are no performance bonuses, non performance
                                           bonuses and stock options received by each member of the Board        560-561
                                           of Commissioners and Board of Directors, to be disclosed.

                                              d. Besarnya remunerasi masing-masing anggota Direksi dan
                                                 anggota Dewan Komisaris;
                                                 Pengungkapan informasi dapat disajikan dalam bentuk
                                                 tabel.
                                                  The amount of remuneration for each member of the Board
                                                  of Directors and members of the Board of Commissioners;
                                                  Disclosure of information can be presented in tabular form.

 Dewan pengawas syariah, bagi              Paling sedikit memuat: / Least load:                                               SEOJK 16
 Emiten atau Perusahaan Publik
 yang menjalankan kegiatan usaha           a. Nama. / Name.
 berdasarkan prinsip syariah
                                           b. Dasar hukum pengangkatan Dewan Pengawas Syariah. / The
 sebagaimana tertuang dalam anggaran
                                              legal basis for the appointment of the Sharia Supervisory Board.
 dasar.
 Sharia supervisory board, for Issuers     c. Periode penugasan Dewan Pengawas Syariah. / The assignment
 or Public Companies that carry out           period of the Sharia Supervisory Board.
 business activities based on sharia
 principles as stated in the articles of   d. Tugas dan tanggung jawab Dewan Pengawas Syariah. / Duties            N/A
 association.                                 and responsibilities of the Sharia Supervisory Board.

                                           e. Frekuensi dan cara pemberian nasihat dan saran serta
                                              pengawasan pemenuhan prinsip syariah di pasar modal
                                              terhadap Emiten atau Perusahaan Publik. / Frequency and
                                              method of providing advice and suggestions as well as
                                              monitoring compliance with sharia principles in the capital
                                              market to Issuers or Public Companies.

 Komite Audit.                             1. Nama dan jabatannya dalam keanggotaan komite. / Name and                        SEOJK 16
 Audit Committee.                             title in the membership of the committee.                                       POJK 17


                                           2. Usia. / Age.

                                           3. Kewarganegaraan. / Citizenship.

                                           4. Riwayat pendidikan. / Educational background.

                                           5. Riwayat jabatan, meliputi informasi:
                                              Position history, including information on:

                                              a. Dasar hukum penunjukan sebagai anggota komite. / Legal
                                                 basis for appointment as committee member.
                                                                                                                 572-574
                                              b. Rangkap jabatan, baik sebagai anggota Dewan Komisaris,
                                                 anggota direksi, dan/atau anggota komite serta jabatan
                                                 lainnya (jika ada). / Concurrent positions, both as members
                                                 of the Board of Commissioners, members of the board of
                                                 directors, and/or committee members and other positions (if
                                                 any).

                                              c. Pengalaman kerja beserta periode waktunya baik di dalam
                                                 maupun di luar emiten atau perusahaan publik. / Work
                                                 experience and time period both inside and outside the
                                                 issuer or public company.

                                           6. Periode dan masa jabatan anggota komite audit. / Period and
                                              tenure of audit committee members.

                                           7. Uraian tugas dan tanggung jawab. / Description of duties and
                                                                                                                   569
                                              responsibilities.

                                           8. Pernyataan independensi komite audit. / Audit committee
                                                                                                                   575
                                              independence statement.




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               Kriteria                                            Penjelasan                                  Halaman        Regulasi
               Criteria                                            Explanation                                  Page         Regulations

                                       9. Pelatihan dan/atau peningkatan kompetensi yang telah diikuti
                                          dalam tahun buku (jika ada). / Training and/or competency
                                                                                                               580-581
                                          improvement that has been attended in the financial year (if
                                          any).

                                       10. Kebijakan dan pelaksanaan frekuensi rapat komite audit dan                          SEOJK 14
                                           tingkat kehadiran anggota komite audit dalam rapat tersebut. /                      SEOJK 16
                                           Policy and implementation of the frequency of audit committee       576-580         POJK 17
                                           meetings and the level of attendance of audit committee
                                           members at these meetings.

                                       11. Pelaksanaan kegiatan komite audit pada tahun buku sesuai
                                           dengan yang dicantumkan dalam pedoman atau piagam
                                           (charter) komite audit. /       Implementation of audit             581-582
                                           committee activities in the financial year according to what is
                                           stated in the audit committee guidelines or charter.

 Komite atau fungsi nominasi dan       Paling sedikit memuat:
 remunerasi Emiten atau Perusahaan     Least load:
 Publik.
 Issuer or Public Company nomination
 and remuneration committee or
 function.

                                       1. Nama dan jabatannya dalam keanggotaan komite. / Name and                             SEOJK 16
                                          title in the membership of the committee.                                            POJK 17

                                       2. Usia. / Age.

                                       3. Kewarganegaraan. / Citizenship.

                                       4. Riwayat pendidikan. / Educational background.

                                       5. Riwayat jabatan, meliputi informasi: / Position history, including
                                          information on:

                                          a. Dasar hukum penunjukan sebagai anggota komite. / Legal
                                             basis for appointment as committee member.
                                                                                                                 586
                                          b. Rangkap jabatan, baik sebagai anggota Dewan Komisaris,
                                             anggota Direksi, dan/atau anggota komite serta jabatan
                                             lainnya (jika ada). / Concurrent positions, both as members
                                             of the Board of Commissioners, members of the board of
                                             directors, and/or committee members and other positions (if
                                             any).

                                          c. Pengalaman kerja beserta periode waktunya baik di dalam
                                             maupun di luar Emiten atau Perusahaan Publik. / Work
                                             experience and time period both inside and outside the
                                             issuer or public company.

                                       6. Periode dan masa jabatan anggota komite. / Period and tenure
                                          of committee members.

                                       7. Pernyataan independensi komite. / Committee independence
                                                                                                                 587
                                          statement.

                                       8. Pelatihan dan/atau peningkatan kompetensi yang telah diikuti
                                          dalam tahun buku (jika ada). / Training and/or competency
                                                                                                                 590
                                          improvement that has been attended in the financial year (if
                                          any).

                                       9. Uraian tugas dan tanggung jawab. / Description of duties and
                                                                                                               583-585
                                          responsibilities.

                                       10. Pernyataan bahwa telah memiliki pedoman atau piagam
                                           (charter). /     Statement that already has a guideline or            583
                                           charter.

                                       11. Kebijakan dan pelaksanaan frekuensi rapat dan tingkat
                                           kehadiran anggota dalam rapat tersebut. / Policy and
                                                                                                               587-589
                                           implementation of the frequency of meetings and the level of
                                           attendance of members at these meetings.

                                       12. Uraian singkat pelaksanaan kegiatan pada tahun buku. / A brief
                                           description of the implementation of activities in the financial      590
                                           year.




    834                                                                                                                Laporan Tahunan 2025
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                                                                                                                     PT Bank Mandiri Taspen




                Kriteria                                               Penjelasan                                  Halaman     Regulasi
                Criteria                                               Explanation                                  Page      Regulations

                                           Dalam hal tidak dibentuk komite nominasi dan remunerasi,
                                           Emiten atau Perusahaan Publik cukup mengungkapkan informasi
                                           sebagaimana dimaksud dalam huruf i) sampai dengan huruf l) dan
                                           mengungkapkan:
                                           In the event that a nomination and remuneration committee is not
                                           formed, it is sufficient for the Issuer or Public Company to disclose
                                           the information referred to in letter i) to letter l) and disclose:

                                           1. Alasan tidak dibentuknya komite / The reasons for not forming
                                              the committee

                                           2. Pihak yang melaksanakan fungsi nominasi dan remunerasi. /
                                              Parties carrying out nomination and remuneration functions.

 Komite lain yang dimiliki Emiten atau     Paling sedikit memuat: / Least load:                                                 SEOJK 16
 Perusahaan Publik dalam rangka                                                                                                 POJK 17
 mendukung fungsi dan tugas Direksi        1. Nama dan jabatannya dalam keanggotaan komite. / Name and
 (jika ada) dan/atau komite yang              title in the membership of the committee.
 mendukung fungsi dan tugas Dewan
 Komisaris.                                2. Usia. / Age.
 Other committees owned by Issuers or
                                           3. Kewarganegaraan. / Citizenship.
 Public Companies in order to support
 the functions and duties of the Board     4. Riwayat pendidikan. / Educational background.
 of Directors (if any) and/or committees
 that support the functions and duties     5. Riwayat jabatan, meliputi informasi: / Position history, including
 of the Board of Commissioners.               information on:

                                              a. Dasar hukum penunjukan sebagai anggota komite. / Legal
                                                 basis for appointment as committee member.                        595-596

                                              b. Rangkap jabatan, baik sebagai anggota dewan komisaris,
                                                 anggota direksi, dan/atau anggota komite serta jabatan
                                                 lainnya (jika ada). / Concurrent positions, both as members
                                                 of the Board of Commissioners, members of the board of
                                                 directors, and/or committee members and other positions (if
                                                 any).

                                              c. Pengalaman kerja beserta periode waktunya baik di dalam
                                                 maupun di luar emiten atau perusahaan publik. / Work
                                                 experience and time period both inside and outside the
                                                 issuer or public company.

                                           6. Periode dan masa jabatan anggota komite. / Period and tenure
                                              of committee members.

                                           7. Pernyataan independensi komite. / Committee independence
                                                                                                                   597-598
                                              statement.

                                           8. Pelatihan dan/atau peningkatan kompetensi yang telah diikuti
                                              dalam tahun buku (jika ada). / Training and/or competency
                                                                                                                     598
                                              improvement that has been attended in the financial year (if
                                              any).

                                           9. Uraian tugas dan tanggung jawab. / Description of duties and
                                                                                                                   592-593
                                              responsibilities.

                                           10. Pernyataan bahwa telah memiliki pedoman atau piagam
                                               (charter) komite. / Statement that already has a guideline or       591-592
                                               charter.

                                           11. Kebijakan dan pelaksanaan frekuensi rapat komite dan tingkat
                                               kehadiran anggota komite dalam rapat tersebut. / Policy and
                                                                                                                   599-601
                                               implementation of the frequency of meetings and the level of
                                               attendance of members at these meetings.

                                           12. Uraian singkat pelaksanaan kegiatan komite pada tahun buku.
                                               / A brief description of the implementation of activities in the      601
                                               financial year.




2025 Annual Report                                                                                                                835
Page 836
Indeks Referensi OJK
OJK Reference Index




                Kriteria                                Penjelasan                                      Halaman        Regulasi
                Criteria                                Explanation                                      Page         Regulations

 Sekretaris perusahaan.    1. Nama. / Name.                                                                             SEOJK 16
 Company secretary.
                           2. Domisili. / Domicile.

                           3. Riwayat jabatan, meliputi:
                              Position history, including:

                              a. Dasar hukum penunjukan sebagai sekretaris perusahaan. /
                                 Legal basis for appointment as company secretary.                      605-606

                              b. Pengalaman kerja beserta periode waktunya baik di dalam
                                 maupun di luar emiten atau perusahaan publik. / Work
                                 experience and time period both inside and outside the
                                 issuer or public company.

                           4. Riwayat pendidikan. / Educational background.

                           5. Pelatihan dan/atau peningkatan kompetensi yang diikuti dalam
                              tahun buku. / Training and/or competency improvement attended               607
                              in the financial year.

                           6. Uraian singkat pelaksanaan tugas sekretaris perusahaan pada
                              tahun buku. / Brief description of the implementation of the              607-608
                              duties of the corporate secretary in the financial year.

 Unit Audit Internal.      1. Nama kepala unit audit internal. / Name of the head of the                                SEOJK 16
 Internal Audit Unit.         internal audit unit.                                                                      POJK 17

                           2. Riwayat jabatan, meliputi: / Position history, including:

                              a. Dasar hukum penunjukan sebagai kepala unit audit internal.
                                 / Legal basis for appointment as company secretary.

                              b. Pengalaman kerja beserta periode waktunya baik di dalam                  610
                                 maupun di luar emiten atau perusahaan publik. / Work
                                 experience and time period both inside and outside the
                                 issuer or public company.

                           3. Kualifikasi atau sertifikasi sebagai profesi audit internal (jika
                              ada). / Qualification or certification as internal audit profession (if
                              any).

                           4. Jumlah pegawai (auditor internal) pada unit audit internal. /
                              Number of employees (internal auditors) in the internal audit               629
                              unit.

                           5. Pelatihan dan/atau peningkatan kompetensi yang diikuti dalam
                              tahun buku. / Training and/or competency improvement attended             611-627
                              in the financial year.

                           6. Struktur dan kedudukan unit audit internal. / The structure and
                                                                                                          609
                              position of the internal audit unit.

                           7. Uraian tugas dan tanggung jawab. / Description of duties and
                                                                                                          628
                              responsibilities.

                           8. Pernyataan bahwa telah memiliki pedoman atau piagam
                              (charter) unit audit internal. / A statement that the internal audit        628
                              unit has guidelines or charters.

                           9. Uraian singkat pelaksanaan tugas unit audit internal pada
                              tahun buku termasuk kebijakan dan pelaksanaan frekuensi
                              rapat dengan direksi, dewan komisaris, dan/ atau komite audit.
                              / A brief description of the implementation of the duties of the          637-646
                              internal audit unit in the financial year including the policy and
                              implementation of the frequency of meetings with the directors,
                              board of commissioners and/or the audit committee.




    836                                                                                                         Laporan Tahunan 2025
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                                                                                                                     PT Bank Mandiri Taspen




               Kriteria                                             Penjelasan                                     Halaman     Regulasi
               Criteria                                             Explanation                                     Page      Regulations

 Akuntan Publik.                       1. Nama dan tahun akuntan publik yang melakukan audit laporan                             POJK 17
 Public Accountant.                       keuangan tahunan selama 5 tahun terakhir. / The name and
                                          year of the public accountant who audited the annual financial
                                          statements for the last 5 years.

                                       2. Nama dan tahun Kantor Akuntan Publik yang melakukan audit
                                          laporan keuangan tahunan selama 5 tahun terakhir. / The name
                                          and year of the public accountant who audited the annual
                                          financial statements for the last 5 years.

                                       3. Besarnya fee untuk masing-masing jenis jasa yang diberikan
                                          oleh Kantor Akuntan Publik pada tahun buku terakhir. / The               682-683
                                          amount of the fee for each type of service provided by the Public
                                          Accounting Firm in the last financial year.

                                       4. Jasa lain yang diberikan Kantor Akuntan Publik dan akuntan
                                          publik selain jasa audit laporan keuangan tahunan pada
                                          tahun buku terakhir. / Other services provided by the Public
                                          Accounting Firm and public accountants in addition to auditing
                                          the annual financial statements for the last financial year.

                                       Catatan: apabila tidak ada jasa lain dimaksud, agar diungkapkan.
                                       Notes: if there is no other service in question, so that it is disclosed.

 Uraian mengenai sistem pengendalian   1. Pengendalian keuangan dan operasional, serta kepatuhan                                SEOJK 14
 internal (internal Control) yang         terhadap peraturan perundang-undangan lainnya. / Financial                            SEOJK 16
                                                                                                                   686-691
 diterapkan oleh emiten atau              and operational control, as well as compliance with other laws
 perusahaan Publik.                       and regulations.
 Description of the internal control
                                       2. Tinjauan atas efektivitas sistem pengendalian internal. / Review
 system implemented by the issuer or                                                                                 695
                                          of the effectiveness of the internal control system.
 public company.
                                       3. Pernyataan Direksi dan/atau Dewan Komisaris atas kecukupan                            SEOJK 16
                                          sistem pengendalian internal. / Statement of the Board of
                                                                                                                     695
                                          Directors and/or Board of Commissioners regarding the
                                          adequacy of the internal control system.

 Sistem manajemen risiko yang          1. Gambaran umum mengenai sistem manajemen risiko Emiten                                 SEOJK 16
 diterapkan oleh Emiten Atau              atau Perusahaan Publik. / General description of the Issuer’s or         696-706      SEOJK 14
 Perusahaan Publik.                       Public Company’s risk management system.
 Risk management system implemented
                                       2. Jenis risiko dan cara pengelolaannya. / Types of risk and how to
 by Issuers or Public Companies.                                                                                   706-711
                                          manage them.

                                       3. Tinjauan atas efektivitas sistem manajemen risiko Emiten atau
                                          Perusahaan Publik. / Review of the effectiveness of the Issuer’s           712
                                          or Public Company’s risk management system.

                                       4. Pernyataan Direksi dan/atau Dewan Komisaris atau komite audit                         SEOJK 16
                                          atas kecukupan sistem manajemen risiko. / Statement of the
                                                                                                                     712
                                          Board of Directors and/or Board of Commissioners or the audit
                                          committee on the adequacy of the risk management system.

 Fungsi kepatuhan.                     Tingkat kepatuhan Bank terhadap seluruh ketentuan dan peraturan                          SEOJK 14
 Compliance function.                  perundang-undangan serta pemenuhan komitmen dengan otoritas                              POJK 17
                                       yang berwenang. / The level of the Bank’s compliance with all               713-723
                                       provisions and laws and regulations as well as fulfillment of
                                       commitments with the competent authorities.




2025 Annual Report                                                                                                                837
Page 838
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OJK Reference Index




                 Kriteria                                                 Penjelasan                                 Halaman        Regulasi
                 Criteria                                                 Explanation                                 Page         Regulations

 Perkara hukum yang berdampak                  1. Pokok perkara/gugatan. / Main case/lawsuit.                                        SEOJK 16
 material yang dihadapi Oleh emiten
 atau perusahaan publik, entitas anak,         2. Status penyelesaian perkara/gugatan. / Case/lawsuit settlement
 Anggota direksi dan anggota dewan                status.
 komisaris (jika ada).
                                               3. Pengaruhnya terhadap kondisi emiten atau perusahaan publik. /
 Legal cases with a material impact               The impact on the condition of issuers or public companies.
 faced by issuers or public companies,
 subsidiaries, members of the board of         4. Pengungkapan mengenai permasalahan hukum paling sedikit                            SEOJK 14
 directors and members of the board of            mencakup:
 commissioners (if any).                          Disclosure regarding legal issues at least includes:
                                                  a. jumlah permasalahan perdata dan permasalahan
                                                     pidana yang dihadapi dan telah mendapat putusan yang
                                                     mempunyai kekuatan hukum tetap. / the number of civil and       727-734
                                                     criminal cases faced and decisions that have permanent
                                                     legal force.
                                                  b. jumlah permasalahan perdata dan permasalahan pidana
                                                     yang dihadapi dan masih dalam proses penyelesaian. / the
                                                     number of civil and criminal matters faced and still in the
                                                     process of being resolved.
                                               Catatan: dalam hal perusahaan, entitas anak, anggota Dewan
                                               Komisaris, dan anggota Direksi tidak memiliki perkara penting, agar
                                               diungkapkan.
                                               Notes: in the event that the company, subsidiaries, members of the
                                               Board of Commissioners and members of the Board of Directors do
                                               not have important matters, this must be disclosed.

 Informasi tentang sanksi administratif/                                                                                             SEOJK 16
 sanksi yang Dikenakan kepada emiten
 atau perusahaan publik, Anggota
 Dewan Komisaris dan anggota direksi,
 oleh Otoritas jasa keuangan dan
 otoritas lainnya pada tahun Buku (jika
 ada).
                                                                                                                       735
 Information on administrative
 sanctions/sanctions imposed on
 issuers or public companies, board
 members commissioners and members
 of the board of directors, by the
 Financial Services Authority and other
 authorities in the financial year (if any).

 Informasi mengenai kode etik Emiten           1. Pokok-pokok kode etik. / Principles of the code of ethics.         743-744         SEOJK 16
 atau Perusahaan Publik.
                                               2. Bentuk sosialisasi kode etik dan upaya penegakannya / Forms of
 Information regarding the code of                                                                                   744-745
                                                  dissemination of the code of ethics and enforcement efforts
 ethics of Issuers or Public Companies
                                               3. Pernyataan bahwa kode etik berlaku bagi anggota Direksi,
                                                  anggota Dewan Komisaris, dan karyawan Emiten atau
                                                  Perusahaan Publik / Statement that the code of ethics applies        744
                                                  to members of the Board of Directors, members of the Board of
                                                  Commissioners, and employees of the Issuer or Public Company

 Penerapan Tata Kelola dalam                   1. Komite Remunerasi / Remuneration Committee                                          POJK 45
 Pemberian Remunerasi bagi Bank.                  a. Nama anggota, komposisi, tugas dan tanggung jawab. /
 Implementation of Governance in                     Name of members, composition, duties and responsibilities.
 Providing Remuneration for Banks.                b. Jumlah rapat yang dilakukan. / Number of meetings held.
                                                                                                                       675
                                                  c. Remunerasi yang telah dibayarkan kepada anggota Komite
                                                     Remunerasi selama 1 (satu) tahun. / Remuneration that has
                                                     been paid to members of the Remuneration Committee for 1
                                                     (one) year.

                                               2. Proses penyusunan kebijakan Remunerasi yang meliputi:
                                                  Remuneration policy formulation process which includes:
                                                  a. Tinjauan mengenai latar belakang dan tujuan kebijakan
                                                     Remunerasi. / Review of the background and objectives of
                                                     the Remuneration policy.
                                                  b. Pelaksanaan kaji ulang atas kebijakan Remunerasi pada
                                                     tahun sebelumnya, beserta perbaikannya. / Implementation
                                                                                                                       675
                                                     of a review of the Remuneration policy in the previous year,
                                                     along with its improvements.
                                                  c. Mekanisme untuk memastikan bahwa Remunerasi bagi
                                                     Pegawai di unit kontrol bersifat independen dari unit kerja
                                                     yang diawasinya. / Mechanism to ensure that Remuneration
                                                     for Employees in the control unit is independent from the
                                                     work unit they supervise.




    838                                                                                                                      Laporan Tahunan 2025
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                                                                                                  PT Bank Mandiri Taspen




              Kriteria                              Penjelasan                                  Halaman     Regulasi
              Criteria                              Explanation                                  Page      Regulations

                         3. Cakupan kebijakan Remunerasi dan implementasinya per unit                         POJK 45
                            bisnis, per wilayah dan pada perusahaan anak atau kantor
                            cabang yang berlokasi di luar negeri / Remuneration policy          675-676
                            coverage and its implementation per business unit, per region
                            and in subsidiaries or branch offices located overseas

                         4. Remunerasi dikaitkan dengan risiko yang meliputi:
                            Remuneration is associated with risks that include:
                            a. Jenis risiko utama (key risk) yang digunakan dalam
                               menerapkan Remunerasi. / The main type of risk (key risk)
                               used in implementing Remuneration.
                            b. Kriteria untuk menentukan jenis risiko utama, termasuk
                               untuk risiko yang sulit diukur. / Criteria for determining the
                               main types of risk, including for risks that are difficult to
                               measure.                                                         676-677
                            c. Dampak penetapan risiko utama terhadap kebijakan
                               Remunerasi yang Bersifat Variabel. / The impact of
                               determining the main risk on the Variable Remuneration
                               policy.
                            d. Perubahan penentuan jenis risiko utama dibandingkan
                               dengan tahun lalu beserta alasannya, apabila ada. / Changes
                               in the determination of the main types of risk compared to
                               last year and the reasons, if any.

                         5. Pengukuran kinerja dikaitkan dengan Remunerasi yang meliputi:
                            Performance measurement is associated with Remuneration
                            which includes:
                            a. Tinjauan mengenai kebijakan Remunerasi yang dikaitkan
                               dengan penilaian kinerja. / Review of Remuneration policies
                               linked to performance appraisal.
                            b. Metode dalam mengaitkan Remunerasi individu dengan
                               kinerja Bank, kinerja unit kerja dan kinerja individu. / The
                               method of linking individual Remuneration with Bank
                               performance, work unit performance and individual
                                                                                                  677
                               performance.
                            c. Uraian mengenai metode yang digunakan Bank untuk
                               menyatakan bahwa kinerja yang disepakati tidak dapat
                               tercapai sehingga perlu dilakukan penyesuaian atas
                               remunerasi serta besarnya penyesuaian remunerasi jika
                               kondisi tersebut terjadi. / A description of the method used
                               by the Bank to state that the agreed performance cannot
                               be achieved, so it is necessary to make adjustments to
                               remuneration and the amount of remuneration adjustments
                               if this condition occurs.

                         6. Penyesuaian Remunerasi dikaitkan dengan Kinerja dan Risiko
                            yang meliputi:
                            Remuneration Adjustment is related to Performance and Risk
                            which includes:
                            a. Kebijakan mengenai Remunerasi yang Bersifat Variabel yang
                               ditangguhkan, besarannya, dan kriteria untuk menetapkan
                               besaran tersebut. / Policy regarding Variable Remuneration
                               that is deferred, the amount, and the criteria for determining   677-678
                               the amount.
                            b. Kebijakan Bank mengenai Remunerasi yang Bersifat Variabel
                               yang ditangguhkan yang ditunda pembayarannya (malus),
                               atau ditarik kembali apabila sudah dibayarkan (clawback). /
                               The Bank’s policy regarding Variable Deferred Remuneration
                               which is postponed for payment (malus), or withdrawn
                               when it has been paid (clawback).

                         7. Nama konsultan ekstern dan tugas konsultan terkait kebijakan
                            Remunerasi, apabila Bank menggunakan jasa konsultan ekstern.
                            / The name of the external consultant and the duties of the           678
                            consultant related to the Remuneration policy, if the Bank uses
                            the services of an external consultant.

                         8. Paket Remunerasi dan fasilitas yang diterima oleh Direksi dan
                            Dewan Komisaris mencakup struktur Remunerasi dan rincian
                            jumlah nominal. / The Remuneration Package and facilities
                                                                                                678-679
                            received by the Board of Directors and Board of Commissioners
                            include the Remuneration structure and details of the nominal
                            amount.




2025 Annual Report                                                                                             839
Page 840
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OJK Reference Index




               Kriteria                              Penjelasan                                  Halaman        Regulasi
               Criteria                              Explanation                                  Page         Regulations

                          9. Remunerasi yang Bersifat Variabel, meliputi:
                             Variable Remuneration includes:
                             a. Bentuk Remunerasi yang Bersifat Variabel beserta alasan
                                pemilihan bentuk tersebut. dan / Forms of Variable
                                Remuneration along with the reasons for choosing this form.
                                And
                                                                                                   679
                             b. Penjelasan apabila terdapat perbedaan pemberian
                                Remunerasi yang Bersifat Variabel di antara para Direksi,
                                Dewan Komisaris dan/atau Pegawai. / An explanation
                                if there are differences in the provision of Variable
                                Remuneration among the Directors, Board of Commissioners
                                and/or Employees.

                          10. Jumlah Direksi, Dewan Komisaris dan Pegawai yang menerima
                              Remunerasi yang Bersifat Variabel selama 1 (satu) tahun,
                              dan total nominalnya. / The number of Directors, Board             679-688
                              of Commissioners and Employees who receive Variable
                              Remuneration for 1 (one) year, and the total amount.

                          11. Jabatan dan jumlah pihak yang menjadi material risk takers. /
                                                                                                   680
                              Position and number of parties who are material risk takers.

                          12. Shares option yang dimiliki Direksi, Dewan Komisaris, dan
                              Pejabat Eksekutif. / Shares optionowned by the Board of              680
                              Directors, Board of Commissioners and Executive Officers.

                          13. Rasio gaji tertinggi dan terendah / The ratio of the highest and
                                                                                                   681
                              lowest salaries

                          14. Jumlah penerima dan jumlah total Remunerasi yang Bersifat
                              Variabel yang dijamin tanpa syarat akan diberikan oleh Bank
                              kepada calon Direksi, calon Dewan Komisaris, dan/atau calon
                              Pegawai selama 1 (satu) tahun pertama bekerja / The number
                              of beneficiaries and the total amount of Variable Remuneration       681
                              guaranteed unconditionally will be given by the Bank to
                              candidates for the Board of Directors, candidates for the Board
                              of Commissioners, and/or prospective Employees during the first
                              1 (one) year of work

                          15. Jumlah Pegawai yang terkena pemutusan hubungan kerja
                              dan total nominal pesangon yang dibayarkan / The number of
                                                                                                   681
                              employees affected by termination of employment and the total
                              amount of severance paid

                          16. Jumlah total Remunerasi yang Bersifat Variabel yang
                              ditangguhkan, yang terdiri dari tunai dan/atau saham atau
                              instrumen yang berbasis saham yang diterbitkan Bank. / The
                                                                                                   681
                              total amount of deferred Variable Remuneration, which consists
                              of cash and/or shares or share-based instruments issued by the
                              Bank.

                          17. Jumlah total Remunerasi yang Bersifat Variabel yang
                              ditangguhkan yang dibayarkan selama 1 (satu) tahun. / The total      681
                              amount of deferred Variable Remuneration paid for 1 (one) year.

                          18. Rincian jumlah Remunerasi yang diberikan dalam satu tahun
                              meliputi:
                              Details of the amount of Remuneration given in one year
                              include:
                              a. Remunerasi yang bersifat tetap maupun variabel. / Fixed or
                                  variable remuneration.
                                                                                                   682
                              b. Remunerasi yang ditangguhkan dan tidak ditangguhkan. /
                                  Deferred and non-deferred remuneration.
                              c. Bentuk Remunerasi yang diberikan secara tunai dan/atau
                                  saham atau instrumen yang berbasis saham yang diterbitkan
                                  Bank. / Forms of Remuneration provided in cash and/or
                                  shares or share-based instruments issued by the Bank.




    840                                                                                                  Laporan Tahunan 2025
Page 841
                                                                                                                  PT Bank Mandiri Taspen




                Kriteria                                             Penjelasan                                 Halaman     Regulasi
                Criteria                                             Explanation                                 Page      Regulations

                                          19. Informasi kuantitatif mengenai:
                                              Quantitative information about:
                                              a. Total sisa Remunerasi yang masih ditangguhkan baik yang
                                                  terekspos penyesuaian implisit maupun eksplisit. / The
                                                  total remaining Remuneration that is still suspended, both
                                                  exposed to implicit and explicit adjustments.
                                              b. Total pengurangan Remunerasi yang disebabkan karena
                                                                                                                  682
                                                  penyesuaian eksplisit selama periode laporan. / Total
                                                  reduction in Remuneration caused by explicit adjustments
                                                  during the reporting period.
                                              c. Total pengurangan Remunerasi yang disebabkan karena
                                                  penyesuaian implisit selama periode laporan. / Total
                                                  reduction in Remuneration caused by implicit adjustments
                                                  during the reporting period.

 Uraian singkat mengenai kebijakan        Dalam hal pemberian kompensasi berupa program Kepemilikan                          SEOJK 16
 pemberian Kompensasi jangka panjang      saham oleh manajemen (management stock Ownership program/
 berbasis kinerja kepada manajemen        MSOP) dan/atau program Kepemilikan saham oleh karyawan
 dan/ atau karyawan yang dimiliki oleh    (employee stock Ownership program/ESOP).
 emiten Atau perusahaan publik (jika      Informasi yang diungkapkan Paling sedikit memuat:
 ada), antara lain berupa Program
 kepemilikan saham oleh manajemen         In terms of compensation in the form of management stock
 (management stock                        ownership program (MSOP) and/or employee stock ownership
 ownership program/MSOP) dan/atau         program (ESOP).
 Program kepemilikan saham oleh           The information disclosed shall contain at least:
 karyawan (employee Stock ownership
 program/ESOP).                           1. Jumlah saham dan/atau opsi. / Number of shares and/or options.      747-749
 A brief description of the policy of
                                          2. Jangka waktu pelaksanaan. / Implementation period.
 providing performance-based longterm
 compensation to management and/
                                          3. Persyaratan karyawan dan/atau manajemen yang berhak. /
 or employees owned by issuers or
                                             Eligible employee and/or management requirements.
 public companies (if any), including
 but not limited to management            4. Harga pelaksanaan atau penentuan harga pelaksanaan. / The
 stock ownership programs program            exercise price or the determination of the exercise price.
 ownership/MSOP) and/or employee
 stock ownership program (ESOP).



 Uraian singkat mengenai kebijakan        1. Kepemilikan saham anggota Direksi dan anggota Dewan                             SEOJK 16
 pengungkapan Informasi mengenai             Komisaris paling lambat 3 (tiga) hari kerja Setelah terjadinya
 A brief description of the Information      kepemilikan atau setiap Perubahan kepemilikan atas saham
 disclosure policy regarding                 perusahaan Terbuka. / Share ownership of members of the
                                             Board of Directors and members of the Board of Commissioners
                                                                                                                  565
                                             no later than 3 (three) working days after the ownership or any
                                             change in ownership of the shares of the Public Company.

                                          2. Pelaksanaan atas kebijakan dimaksud. / Implementation of the
                                             intended policy.

 Uraian mengenai sistem pelaporan         1. Cara penyampaian laporan pelanggaran. / How to submit a                         SEOJK 16
                                                                                                                750-751
 pelanggaran (whistleblowing system)         violation report.
 di Emiten atau Perusahaan Publik.
                                          2. Perlindungan bagi pelapor. / Protection for reporters.               751
 Description of the whistleblowing
 system at the Issuer or Public
                                          3. Penanganan pengaduan. / The handling of complaints.                752-755
 Company.
                                          4. Pihak yang mengelola pengaduan. / The party managing the
                                                                                                                  753
                                             complaint.

                                          5. Hasil dari penanganan pengaduan, paling sedikit:
                                             The results of handling complaints, at least:

                                             a. Jumlah pengaduan yang masuk dan diproses Dalam tahun
                                                                                                                  756
                                                buku. / Number of complaints received and processed in the
                                                financial year.

                                             b. Tindak lanjut pengaduan. / Complaint follow-up.

                                          Dalam hal emiten atau perusahaan publik tidak memiliki
                                          Sistem pelaporan pelanggaran (whistleblowing system), Maka
                                          diungkapkan mengenai hal tersebut. / In the event that an issuer or
                                          a public company does not have a whistleblowing system, this will
                                          be disclosed.




2025 Annual Report                                                                                                             841
Page 842
Indeks Referensi OJK
OJK Reference Index




                Kriteria                                               Penjelasan                                    Halaman        Regulasi
                Criteria                                               Explanation                                    Page         Regulations

 Uraian mengenai kebijakan anti korupsi    1. Program dan prosedur yang dilakukan dalam Mengatasi                                    SEOJK 16
 Emiten atau Perusahaan Publik.               praktik korupsi, balas jasa (kickbacks), Fraud, suap dan/atau                          POJK 17
 Description of the Issuer’s or Public        gratifikasi dalam Emiten atau Perusahaan Publik. / Programs
                                                                                                                     757-762
 Company’s anti-corruption policy.            and procedures carried out in Overcoming corrupt practices,
                                              kickbacks, fraud, bribery and/or gratuities in Issuers or Public
                                              Companies.

                                           2. Pelatihan/sosialisasi anti korupsi kepada karyawan Emiten atau
                                              Perusahaan Publik. / Anti-corruption training/socialization for        763-764
                                              employees of Issuers or Public Companies.

                                           Dalam hal Emiten atau Perusahaan Publik tidak memiliki Kebijakan
                                           anti korupsi, maka dijelaskan alasan tidak Dimilikinya kebijakan
                                           dimaksud. / In the event that the Issuer or Public Company does not
                                           have an anticorruption policy, the reasons for not having the said
                                           policy will be explained.

 Penanganan benturan kepentingan                                                                                                     SEOJK 14
                                                                                                                       767           POJK 17
 Handling conflicts of interest

 Penyediaan dana kepada pihak terkait      Informasi yang perlu diungkap adalah jumlah total baki debet                              SEOJK 14
 (related party) dan penyediaan dana       penyediaan dana kepada pihak terkait (related party) dan kepada
 besar (large exposure).                   debitur inti (individu atau grup) per posisi laporan / Information
                                           that needs to be disclosed is the total amount of debit balances for        766
 Provision of funds to related parties
 and provision of large funds (large       provision of funds to related parties and to core debtors (individuals
 exposure).                                or groups) per report position

 Transparansi kondisi keuangan dan non                                                                                               SEOJK 14
 keuangan Bank yang belum diungkap                                                                                                   POJK 17
 dalam laporan lain.
                                                                                                                     768-769
 Transparency of the Bank’s financial
 and non-financial conditions that have
 not been disclosed in other reports.

 Informasi lain yang terkait dengan                                                                                                  SEOJK 14
 Tata Kelola Bank, antara lain berupa
 intervensi pemilik, perselisihan intern
 atau permasalahan yang timbul
 sebagai dampak kebijakan remunerasi
 pada Bank.
 Other information related to Bank                                                                                     767
 Governance, including owner
 intervention, internal disputes or
 problems that arise as a result of
 remuneration policies at the Bank.



 Jumlah Penyimpangan (Internal Fraud).     Pengungkapan mengenai penyimpangan (internal fraud) paling                                SEOJK 14
 Number of Deviations (Internal Fraud).    sedikit mencakup: / Disclosure of irregularities (internal fraud) at
                                           least includes:
                                           1. Jumlah penyimpangan (internal fraud) yang telah diselesaikan. /
                                               Number of deviations (internal fraud) that have been resolved.
                                           2. Jumlah penyimpangan (internal fraud) yang sedang dalam
                                               proses penyelesaian di internal bank. / The number of
                                               irregularities (internal fraud) that are in the process of being        765
                                               resolved internally at the bank.
                                           3. Jumlah penyimpangan (internal fraud) yang belum diupayakan
                                               penyelesaian di internal bank. / Number of irregularities (internal
                                               fraud) that have not been resolved internally at the bank.
                                           4. Jumlah penyimpangan (internal fraud) yang telah ditindaklanjuti
                                               melalui proses hukum. / The number of irregularities (internal
                                               fraud) that have been followed up through the legal process.

 Pembelian Kembali (Buy Back) Saham        1. Kebijakan dalam melakukan pembelian kembali (buy back)                                 SEOJK 14
 dan/atau Obligasi Bank.                      saham atau obligasi Bank. / Policy in buying back shares or
 Buy Back of Shares and/or Bank Bonds.        bonds of the Bank.
                                           2. Jumlah lembar saham dan/atau obligasi yang dibeli kembali. /
                                              Number of shares and/or bonds bought back.                               766
                                           3. Harga pembelian kembali per lembar saham dan/atau obligasi. /
                                              Repurchase price per share and/or bond.
                                           4. Peningkatan laba per lembar saham dan/atau obligasi. / Increase
                                              in earnings per share and/or bonds.




    842                                                                                                                      Laporan Tahunan 2025
Page 843
                                                                                                                         PT Bank Mandiri Taspen




                 Kriteria                                                Penjelasan                                    Halaman     Regulasi
                 Criteria                                                Explanation                                    Page      Regulations

 Pemberian Dana untuk Kegiatan Sosial       Pengungkapan mengenai pemberian dana untuk kegiatan sosial                              SEOJK 14
 dan/atau Kegiatan Politik Selama           dan/atau kegiatan politik paling sedikit meliputi pihak penerima
 Periode Pelaporan.                         dana dan jumlah dana yang diberikan.
                                                                                                                         765
 Provision of Funds for Social Activities   Disclosure regarding the provision of funds for social activities and/
 and/or Political Activities During the     or political activities at least includes the recipient of the funds and
 Reporting Period.                          the amount of funds provided.

 Penerapan keuangan berkelanjutan,                                                                                                   POJK 17
 termasuk penerapan tanggung jawab
 sosial dan lingkungan
                                                                                                                         769
 Implementation of sustainable finance,
 including implementation of social and
 environmental responsibility

 Penerapan atas pedoman tata kelola         1. Pernyataan mengenai rekomendasi yang telah dilaksanakan                              SEOJK 16
 Perusahaan Terbuka bagi Emiten yang           dan/atau / Statement regarding recommendations that have
 menerbitkan efek bersifat ekuitas atau        been implemented and/or
 Perusahaan Publik.
                                            2. Penjelasan atas rekomendasi yang belum dilaksanakan, disertai
 Implementation of Public Company
                                               alasan dan alternatif pelaksanaannya (jika ada). / Explanation
 governance guidelines for Issuers                                                                                     774-790
                                               of recommendations that have not been implemented,
 that issue equity securities or Public
                                               accompanied by reasons and alternatives for implementation (if
 Companies.
                                               any).

                                            Pengungkapan informasi dapat disajikan dalam bentuk tabel. /
                                            Disclosure of information can be presented in tabular form.

 TANGGUNG JAWAB SOSIAL DAN LINGKUNGAN EMITEN ATAU PERUSAHAAN PUBLIK /
 SOCIAL AND ENVIRONMENTAL RESPONSIBILITY OF THE ISSUER OR PUBLIC COMPANY

 Tanggung Jawab Sosial Perusahaan.          1. Informasi yang diungkapkan dalam bagian tanggung jawab                               SEOJK 16
 Corporate Social Responsibility               sosial dan lingkungan merupakan Laporan Keberlanjutan
                                               (Sustainability Report) sebagaimana dimaksud dalam
                                               Peraturan Otoritas Jasa Keuangan Nomor 51/POJK.03/2017
                                               tentang Penerapan Keuangan Berkelanjutan bagi Lembaga
                                               Jasa Keuangan, Emiten, dan Perusahaan Publik, paling sedikit
                                               memuat:
                                               The information disclosed in the social and environmental
                                               responsibility section is a Sustainability Report as intended
                                               in Financial Services Authority Regulation Number 51/
                                               POJK.03/2017 concerning the Implementation of Sustainable
                                               Finance for Financial Services Institutions, Issuers and Public
                                               Companies, containing at least :

                                               a) Penjelasan strategi keberlanjutan. / Explanation of
                                                  sustainability strategy.

                                               b) Ikhtisar aspek keberlanjutan (ekonomi, sosial, dan
                                                  lingkungan hidup). / Overview of sustainability aspects
                                                  (economic, social and environmental).                                  812

                                               c) Profil singkat Emiten atau Perusahaan Publik. / Brief profile
                                                  of the Issuer or Public Company.

                                               d) Penjelasan Direksi. / Directors’ Explanation.

                                               e) Tata kelola keberlanjutan. / Sustainability governance.

                                               f) Kinerja keberlanjutan. / Sustainability performance.

                                               g) Verifikasi tertulis dari pihak independen, jika ada. / Written
                                                  verification from an independent party, if any.

                                               h) Lembar umpan balik (feedback) untuk pembaca, jika ada. /
                                                  Feedback sheet for readers, if any.

                                               i)   Tanggapan Emiten atau Perusahaan Publik terhadap umpan
                                                    balik laporan tahun sebelumnya. / The Issuer’s or Public
                                                    Company’s response to feedback from the previous year’s
                                                    report.




2025 Annual Report                                                                                                                    843
Page 844
Indeks Referensi OJK
OJK Reference Index




               Kriteria                              Penjelasan                                  Halaman        Regulasi
               Criteria                              Explanation                                  Page         Regulations

                          2. Laporan Keberlanjutan sebagaimana dimaksud pada angka 1),
                             harus disusun sesuai Pedoman Teknis Penyusunan Laporan
                             Keberlanjutan (Sustainability Report) Bagi Emiten dan
                             Perusahaan Publik sebagaimana tercantum dalam Lampiran
                             II yang merupakan bagian tidak terpisahkan dari Surat Edaran
                             Otoritas Jasa Keuangan ini. / Sustainability Report as referred
                             to in number 1), must be prepared in accordance with the
                             Technical Guidelines for Preparing Sustainability Reports for
                             Issuers and Public Companies as stated in Appendix II which is
                             an inseparable part of this Financial Services Authority Circular
                             Letter.

                          3. Informasi Laporan Keberlanjutan (Sustainability Report)
                             pada angka 1) dapat:
                             Sustainability Report information in number 1) can:

                             a) Diungkapkan pada bagian lain yang relevan di luar bagian
                                tanggung jawab sosial dan lingkungan, seperti penjelasan
                                Direksi terkait Laporan Keberlanjutan diungkapkan dalam
                                bagian terkait Laporan Direksi; dan/atau / Disclosed in other
                                relevant sections outside the social and environmental
                                responsibility section, such as the Directors’ explanation
                                regarding the Sustainability Report disclosed in the relevant
                                section of the Directors’ Report; and/or

                             b) Merujuk pada bagian lain di luar bagian tanggung jawab
                                sosial dan lingkungan dengan tetap mengacu pada
                                Pedoman Teknis Penyusunan Laporan Keberlanjutan
                                (Sustainability Report) Bagi Emiten dan Perusahaan Publik
                                sebagaimana tercantum dalam Lampiran II yang merupakan
                                bagian tidak terpisahkan dari Surat Edaran Otoritas Jasa
                                Keuangan ini, seperti profil Emiten atau Perusahaan Publik. /
                                Refer to other sections outside the social and environmental
                                                                                                   812
                                responsibility section while still referring to the Technical
                                Guidelines for Preparing Sustainability Reports for Issuers
                                and Public Companies as listed in Appendix II which is an
                                inseparable part of this Financial Services Authority Circular
                                Letter, such as the profile Issuer or Public Company.

                          4. Laporan Keberlanjutan (Sustainability Report) sebagaimana
                             dimaksud pada angka 1) merupakan bagian yang tidak
                             terpisahkan dari Laporan Tahunan namun dapat disajikan secara
                             terpisah dengan Laporan Tahunan. / The Sustainability Report
                             as referred to in number 1) is an inseparable part of the Annual
                             Report but can be presented separately from the Annual Report.

                          5. Dalam hal Laporan Keberlanjutan disajikan secara terpisah
                             dengan Laporan Tahunan, informasi yang diungkapkan dalam
                             Laporan Keberlanjutan dimaksud harus:
                             In the event that the Sustainability Report is presented
                             separately from the Annual Report, the information disclosed in
                             the Sustainability Report must:

                             a) Memuat seluruh informasi sebagaimana dimaksud pada
                                angka 1); dan / Contains all information as intended
                                in number 1); And

                             b) Disusun sesuai Pedoman Teknis Penyusunan Laporan
                                Keberlanjutan (Sustainability Report) Bagi Emiten dan
                                Perusahaan Publik sebagaimana tercantum dalam Lampiran
                                II yang merupakan bagian tidak terpisahkan dari Surat
                                Edaran Otoritas Jasa Keuangan ini. / Prepared in accordance
                                with the Technical Guidelines for Preparing Sustainability
                                Reports for Issuers and Public Companies as stated in
                                Appendix II which is an inseparable part of this Financial
                                Services Authority Circular Letter.




    844                                                                                                  Laporan Tahunan 2025
Page 845
                                                                                                                  PT Bank Mandiri Taspen




                Kriteria                                            Penjelasan                                 Halaman         Regulasi
                Criteria                                            Explanation                                 Page          Regulations

                                          6. Dalam hal Laporan Keberlanjutan disajikan secara terpisah
                                             dengan Laporan Tahunan, maka dalam bagian tanggung jawab
                                             sosial dan lingkungan memuat informasi bahwa informasi
                                             mengenai tanggung jawab sosial dan lingkungan telah
                                             diungkapkan dalam Laporan Keberlanjutan yang disajikan
                                             secara terpisah dari Laporan Tahunan. / If the Sustainability
                                             Report is presented separately from the Annual Report, then
                                             the social and environmental responsibility section contains
                                             information that information regarding social and environmental
                                             responsibility has been disclosed in the Sustainability Report        812
                                             which is presented separately from the Annual Report.

                                          7. Penyampaian Laporan Keberlanjutan (Sustainability Report)
                                             yang disajikan secara terpisah dengan Laporan Tahunan
                                             harus disampaikan bersamaan dengan penyampaian Laporan
                                             Tahunan. / Submission of a Sustainability Report which
                                             is presented separately with the Annual Report must be
                                             submitted simultaneously with the submission of the Annual
                                             Report.




Keterangan / Information


SEOJK 16 : Surat Edaran Otoritas Jasa Keuangan No. 16/SEOJK.04/2021 tentang Bentuk dan Isi Laporan Tahunan Emiten atau Perusahaan Publik.
           OJK Circular Letter No. 16/SEOJK.04/2021 concerning Form and Content of Annual Reports of Issuers or Public Companies

SEOJK 9   : Surat Edaran Otoritas Jasa Keuangan No. 9/SEOJK.03/2020 tentang Transparansi dan Publikasi Laporan Bank Umum Konvensional.
            OJK Circular Letter No. 9/SEOJK.03/2020 concerning Transparency and Publication of Conventional Commercial Bank Reports.

SEOJK 14 : Surat Edaran Otoritas Jasa Keuangan No. 13/SEOJK.03/2017 tentang Penerapan Tata Kelola bagi Bank Umum.
           OJK Circular Letter No. 13/SEOJK.03/2017 concerning Implementation of Governance for Commercial Banks.

POJK 45   : Peraturan Otoritas Jasa Keuangan No. 45/POJK.03/2015 tentang Penerapan Tata Kelola Dalam Pemberian Remunerasi bagi Bank Umum.
            OJK Regulation No. 45/POJK.03/2015 concerning Implementation of Governance in Providing Remuneration for Commercial Banks.

POJK 17   : Peraturan Otoritas Jasa Keuangan 17 Tahun 2023 Tentang Penerapan Tata Kelola Bagi Bank Umum.
            OJK Regulation 17 of 2023 concerning the Implementation of Governance for Commercial Banks




2025 Annual Report                                                                                                                 845
Page 846
PT Bank Mandiri Taspen

Laporan keuangan tanggal 31 Desember 2025
dan untuk tahun yang berakhir pada tanggal tersebut
beserta laporan auditor independen/
Financial statements as of December 31, 2025
and for the year then ended
with independent auditor’s report
Page 847

          
Page 848
                                                                                               The original financial statements included herein are in
                                                                                                                                 Indonesian language.

             PT BANK MANDIRI TASPEN                                                                 PT BANK MANDIRI TASPEN
               LAPORAN KEUANGAN                                                                       FINANCIAL STATEMENTS
            TANGGAL 31 DESEMBER 2025                                                                 AS OF DECEMBER 31, 2025
       DAN UNTUK TAHUN YANG BERAKHIR PADA                                                        AND FOR THE YEAR THEN ENDED
                TANGGAL TERSEBUT                                                              WITH INDEPENDENT AUDITOR’S REPORT
       BESERTA LAPORAN AUDITOR INDEPENDEN



                                  Daftar Isi                                                                  Table of Contents



Laporan Auditor Independen                                                                                          Independent Auditor’s Report

Laporan Posisi Keuangan ................................................        1-3   ................................... Statement of Financial Position

Laporan Laba Rugi dan ...................................................             ................................... Statement of Profit or Loss and
Penghasilan Komprehensif Lain ......................................            4     ..................................... Other Comprehensive Income

Laporan Perubahan Ekuitas ............................................          5-6   .................................. Statement of Changes in Equity

Laporan Arus Kas ............................................................   7-8   .............................................Statement of Cash Flows

Catatan atas Laporan Keuangan ..................................... 9-136 ............................... Notes to the Financial Statements



                                                                   ************************
Page 849
                                                                     The original report included herein is in the Indonesian
                                                                                                                    language.



Laporan Auditor Independen                                      Independent Auditor’s Report

Laporan   No.                  00023/2.1505/AU.1/07/0242-       Report No.         00023/2.1505/AU.1/07/0242-
3/1/II/2026                                                     3/1/II/2026


Pemegang Saham, Dewan Komisaris, dan Direksi                    The Shareholders and the                     Boards       of
                                                                Commissioners and Directors
PT Bank Mandiri Taspen                                          PT Bank Mandiri Taspen

 Opini                                                          Opinion

 Kami telah mengaudit laporan keuangan                          We have audited the accompanying financial
 PT Bank Mandiri Taspen (“Bank”) terlampir, yang                statements of PT Bank Mandiri Taspen
 terdiri dari laporan posisi keuangan tanggal                   (the “Bank”), which comprise the statement of
 31 Desember 2025, serta laporan laba rugi dan                  financial position as of December 31, 2025, and
 penghasilan komprehensif lain, laporan perubahan               the statement of profit or loss and other
 ekuitas, dan laporan arus kas untuk tahun yang                 comprehensive income, statement of changes in
 berakhir pada tanggal tersebut, serta catatan atas             equity, and statement of cash flows for the
 laporan keuangan, termasuk informasi kebijakan                 year then ended, and notes to the financial
 akuntansi material.                                            statements, including material accounting policy
                                                                information.

 Menurut opini kami, laporan keuangan terlampir                 In our opinion, the accompanying financial
 menyajikan secara wajar, dalam semua hal                       statements present fairly, in all material
 yang material, posisi keuangan Bank tanggal                    respects, the financial position of the Bank as
 31 Desember 2025, serta kinerja keuangan dan                   of December 31, 2025, and its financial
 arus kasnya untuk tahun yang berakhir pada                     performance and cash flows for the year then
 tanggal tersebut, sesuai dengan Standar Akuntansi              ended, in accordance with Indonesian Financial
 Keuangan di Indonesia.                                         Accounting Standards.

 Basis opini                                                    Basis for opinion

 Kami melaksanakan audit kami berdasarkan                       We conducted our audit in accordance with
 Standar Audit yang ditetapkan oleh Institut                    Standards on Auditing established by Indonesian
 Akuntan Publik Indonesia (“IAPI”). Tanggung jawab              Institute of Certified Public Accountants
 kami menurut standar tersebut diuraikan lebih                  (“IICPA”). Our responsibilities under those
 lanjut dalam paragraf Tanggung Jawab Auditor                   standards are further described in the Auditor’s
 terhadap Audit atas Laporan Keuangan pada                      Responsibilities for the Audit of the Financial
 laporan kami. Kami independen terhadap Bank                    Statements paragraph of our report. We are
 berdasarkan ketentuan etika yang relevan dalam                 independent of the Bank in accordance with the
 audit kami atas laporan keuangan di Indonesia, dan             ethical requirements relevant to our audit of the
 kami telah memenuhi tanggung jawab etika lainnya               financial statements in Indonesia, and we have
 berdasarkan ketentuan tersebut. Kami yakin                     fulfilled our other ethical responsibilities in
 bahwa bukti audit yang telah kami peroleh adalah               accordance with such requirements. We believe
 cukup dan tepat untuk menyediakan suatu basis                  that the audit evidence we have obtained is
 bagi opini kami.                                               sufficient and appropriate to provide a basis for
                                                                our opinion.



KAP Purwanto Susanti dan Surja
Registered Public Accountants KMK No. 69/MK/SK/2025
                                                            i
A member firm of Ernst & Young Global Limited
Page 850
                                                              The original report included herein is in the Indonesian
                                                                                                             language.



Laporan Auditor Independen (lanjutan)                    Independent Auditor’s Report (continued)

Laporan    No.    00023/2.1505/AU.1/07/0242-             Report No. 00023/2.1505/AU.1/07/0242-
3/1/II/2026 (lanjutan)                                   3/1/II/2026 (continued)


 Hal audit utama                                         Key audit matters

 Hal audit utama adalah hal-hal yang, menurut            Key audit matters are those matters that, in our
 pertimbangan profesional kami, merupakan hal            professional judgment, were of most significance
 yang paling signifikan dalam audit kami atas            in our audit of the financial statements of the
 laporan keuangan periode kini. Hal audit utama          current period. Such key audit matters were
 tersebut disampaikan dalam konteks audit kami           addressed in the context of our audit of the
 atas laporan keuangan secara keseluruhan, dan           financial statements taken as a whole, and in
 dalam merumuskan opini kami atas laporan                forming our opinion thereon, and we do not
 keuangan terkait, dan kami tidak menyatakan             provide a separate opinion on such key audit
 suatu opini terpisah atas hal audit utama tersebut.     matters. For the key audit matter below, our
 Untuk hal audit utama di bawah ini, penjelasan          description of how our audit addressed such key
 kami tentang bagaimana audit kami merespons hal         audit matter is provided in such context.
 tersebut disampaikan dalam konteks tersebut.

 Kami telah memenuhi tanggung jawab yang                 We have fulfilled the responsibilities described in
 diuraikan dalam paragraf Tanggung Jawab Auditor         the Auditor’s Responsibilities for the Audit of the
 terhadap Audit atas Laporan Keuangan pada               Financial Statements paragraph of our report,
 laporan kami, termasuk sehubungan dengan hal            including in relation to the key audit matter
 audit utama yang dikomunikasikan di bawah ini.          communicated below. Accordingly, our audit
 Oleh karena itu, audit kami mencakup pelaksanaan        included the performance of procedures
 prosedur yang didesain untuk merespons penilaian        designed to respond to our assessment of the
 kami atas risiko kesalahan penyajian material           risks of material misstatement of the
 dalam laporan keuangan terlampir. Hasil prosedur        accompanying financial statements. The results
 audit kami, termasuk prosedur yang dilakukan            of our audit procedures, including the procedures
 untuk merespons hal audit utama di bawah ini,           performed to address the key audit matter below,
 menyediakan basis bagi opini kami atas laporan          provide the basis for our opinion on the
 keuangan terlampir.                                     accompanying financial statements.

 Cadangan kerugian penurunan nilai atas kredit           Allowance for impairment losses on loans
 yang diberikan

 Penjelasan atas hal audit utama:                        Description of key audit matter:

 Seperti yang dijelaskan dalam Catatan 10 atas           As described in Note 10 to the accompanying
 laporan keuangan terlampir, pada tanggal                financial statements, as of December 31, 2025,
 31 Desember 2025, cadangan kerugian penurunan           the allowance for impairment of loans amounted
 nilai atas kredit yang diberikan adalah sebesar         to Rp770,429 million. Refer to material
 Rp770.429 juta. Lihat informasi kebijakan               accounting policy information of allowance for
 akuntansi material untuk cadangan kerugian              impairment losses on financial assets as disclosed
 penurunan nilai aset keuangan yang diungkapkan          in Note 2c, significant accounting judgements,
 dalam Catatan 2c, pertimbangan, estimasi, dan           estimates, and assumptions in Note 3, and the
 asumsi akuntansi yang signifikan dalam Catatan 3,       disclosures of allowance for impairment losses on
 dan pengungkapan cadangan kerugian penurunan            loans in Note 10 to the accompanying financial
 nilai atas kredit yang diberikan dalam Catatan 10       statements.
 atas laporan keuangan terlampir.


                                                    ii
A member firm of Ernst & Young Global Limited
Page 851
                                                              The original report included herein is in the Indonesian
                                                                                                             language.



Laporan Auditor Independen (lanjutan)                    Independent Auditor’s Report (continued)

Laporan    No.    00023/2.1505/AU.1/07/0242-             Report No. 00023/2.1505/AU.1/07/0242-
3/1/II/2026 (lanjutan)                                   3/1/II/2026 (continued)


 Hal audit utama (lanjutan)                              Key audit matters (continued)

Cadangan kerugian penurunan nilai atas kredit            Allowance for impairment losses of loans
yang diberikan (lanjutan)                                (continued)

 Penjelasan atas hal audit utama: (lanjutan)             Description of key audit matter: (continued)

 Kami fokus pada area ini karena nilai tercatat atas     We focused on this area because the carrying
 kredit yang diberikan dan cadangan kerugian             value of loans and the allowance for impairment
 penurunan nilai atas kredit yang diberikan adalah       losses on loans is material to the accompanying
 material terhadap laporan keuangan terlampir.           financial    statements.    In    addition,   the
 Selain itu, penentuan cadangan kerugian                 determination of allowance for impairment
 penurunan nilai atas kredit yang diberikan              losses on loans requires judgement and is subject
 memerlukan       pertimbangan     dan      memiliki     to estimation uncertainty which includes
 ketidakpastian     estimasi    termasuk      dalam      determining the model to calculate allowance for
 penentuan model untuk menghitung cadangan               impairment losses, identification of credit
 kerugian penurunan nilai, identifikasi eksposur         exposures with significant deterioration in credit
 kredit yang mengalami penurunan kualitas kredit         quality, and determining assumptions used in the
 yang signifikan, dan penentuan asumsi yang              allowance for impairment loss calculation models
 digunakan dalam model perhitungan cadangan              (for exposures assessed on an individual or
 kerugian penurunan nilai (untuk eksposur yang           collective basis), including forward-looking
 dinilai secara individual atau kolektif), termasuk      macroeconomic factors and overlays used for
 faktor ekonomi makro masa depan dan overlay             risks not captured by models.
 yang digunakan atas risiko yang tidak ditangkap
 oleh model.

 Respons audit:                                          Audit response:

 Kami melakukan pengujian pengendalian utama             We tested the key controls over the loans
 atas pemberian kredit, penilaian kualitas kredit        origination, regular internal credit quality
 internal secara reguler, serta pencatatan dan           assessments, and recording and monitoring of
 pengawasan kredit yang diberikan. Kami                  the loans. We obtained understanding and
 memeroleh pemahaman dan menilai metodologi              assessed        impairment           measurement
 pengukuran penurunan nilai, serta melakukan             methodologies and performed validation of
 validasi atas model pencadangan kerugian                allowance for impairment losses models, inputs,
 penurunan nilai, data masukan, dasar, dan asumsi        bases, and assumptions used by the Bank in
 yang digunakan oleh Bank dalam menghitung               calculating the allowance for impairment losses
 cadangan kerugian penurunan nilai, serta menguji        and tested the classification into the three-stage
 tiga tahapan kualitas kredit portofolio sesuai          credit quality of loan portfolios in accordance
 dengan kriteria tingkatan (staging) yang disusun        with staging criteria developed by the Bank for
 oleh Bank untuk kredit yang diberikan. Kami             loans. We tested whether historical experience is
 menguji apakah pengalaman historis mewakili             representative of current circumstances and of
 keadaan saat ini dan kerugian terkini yang terjadi      the recent losses incurred in the portfolios, and
 dalam portofolio, serta menilai kewajaran atas          assessed the reasonableness of forward-looking
 penyesuaian berorientasi masa depan, analisis           adjustments, macroeconomic factor analysis,
 faktor ekonomi makro, dan beberapa skenario             and probability-weighted multiple scenarios for
 probabilitas tertimbang untuk kredit yang               loans.
 diberikan.


                                                   iii
A member firm of Ernst & Young Global Limited
Page 852
                                                           The original report included herein is in the Indonesian
                                                                                                          language.



Laporan Auditor Independen (lanjutan)                 Independent Auditor’s Report (continued)

Laporan    No.    00023/2.1505/AU.1/07/0242-          Report No. 00023/2.1505/AU.1/07/0242-
3/1/II/2026 (lanjutan)                                3/1/II/2026 (continued)


 Hal audit utama (lanjutan)                           Key audit matters (continued)

 Cadangan kerugian penurunan nilai atas kredit        Allowance for impairment losses of loans
 yang diberikan (lanjutan)                            (continued)

 Respons audit: (lanjutan)                            Audit response: (continued)

 Untuk cadangan kerugian penurunan nilai yang         With respect to individually assessed allowance
 dinilai secara individual, kami menguji sampel       for impairment losses, we tested the samples of
 kredit yang diberikan untuk mengevaluasi             loans to evaluate the timely identification by the
 identifikasi atas eksposur yang mengalami            Bank of exposures with significant deterioration
 penurunan kualitas kredit yang signifikan atau       in credit quality or exposures which have been
 yang telah mengalami penurunan nilai secara tepat    impaired and assessed the Bank’s assumptions
 waktu oleh Bank dan menilai asumsi Bank atas arus    on the expected future cash flows, including the
 kas masa depan ekspektasian, termasuk nilai          realizable value of collateral based on available
 agunan yang dapat direalisasikan berdasarkan         market information or valuation prepared by
 informasi pasar yang tersedia atau penilaian yang    independent or internal valuer.
 dilakukan oleh penilai independen atau internal.

 Kami memeriksa keakurasian perhitungan jumlah        We checked the accuracy of the calculation of
 cadangan kerugian penurunan nilai dengan             allowance for impairment losses amount by
 melakukan perhitungan ulang atas keseluruhan         recalculating the entire portfolio for collectively
 portofolio yang penurunan nilainya dinilai secara    and individually assessed impairment. We
 kolektif dan individual. Kami menguji kelengkapan    challenged        the      completeness        and
 dan     ketepatan,      termasuk   asumsi     dan    appropriateness, including the assumptions and
 pertimbangan, overlay yang digunakan atas risiko     judgments, of overlays used for risks not
 yang tidak ditangkap oleh model. Kami menilai        captured by models. We assessed whether the
 apakah pengungkapan dalam laporan keuangan           financial statements disclosures are adequately
 cukup dan secara memadai mencerminkan                and appropriately reflecting the Bank’s
 eksposur Bank terhadap risiko kredit. Kami           exposures to credit risk. We involved our
 melibatkan pakar auditor internal kami untuk         auditor’s internal experts to assist us in the
 membantu kami dalam melakukan prosedur-              performance of the above procedures where
 prosedur di atas ketika keahlian spesifik mereka     their specific expertise was required.
 diperlukan.




                                                 iv
A member firm of Ernst & Young Global Limited
Page 853
                                                             The original report included herein is in the Indonesian
                                                                                                            language.



Laporan Auditor Independen (lanjutan)                   Independent Auditor’s Report (continued)

Laporan    No.    00023/2.1505/AU.1/07/0242-            Report No. 00023/2.1505/AU.1/07/0242-
3/1/II/2026 (lanjutan)                                  3/1/II/2026 (continued)


 Informasi lain                                         Other information

 Manajemen bertanggung jawab atas informasi lain.       Management is responsible for the other
 Informasi lain terdiri dari informasi yang tercantum   information. Other information comprises the
 dalam Laporan Tahunan 2025 (“Laporan                   information included in the 2025 Annual Report
 Tahunan”) selain laporan keuangan terlampir dan        (the “Annual Report”) other than the
 laporan auditor independen kami. Laporan               accompanying financial statements and our
 Tahunan diharapkan akan tersedia bagi kami             independent       auditor’s    report      thereon.
 setelah tanggal laporan auditor independen ini.        The Annual Report is expected to be made
                                                        available to us after the date of this independent
                                                        auditor’s report.

 Opini kami atas laporan keuangan terlampir tidak       Our opinion on the accompanying financial
 mencakup Laporan Tahunan, dan oleh karena itu,         statements does not cover the Annual Report,
 kami tidak menyatakan bentuk keyakinan apapun          and accordingly, we do not express any form of
 atas Laporan Tahunan tersebut.                         assurance on the Annual Report.

 Sehubungan dengan audit kami atas laporan              In connection with our audit of the accompanying
 keuangan terlampir, tanggung jawab kami adalah         financial statements, our responsibility is to read
 untuk membaca Laporan Tahunan ketika tersedia          the Annual Report when it becomes available
 dan, dalam pelaksanaannya, mempertimbangkan            and, in doing so, consider whether the Annual
 apakah      Laporan     Tahunan    mengandung          Report is materially inconsistent with the
 ketidakkonsistensian material dengan laporan           accompanying financial statements or our
 keuangan terlampir atau pemahaman yang kami            knowledge obtained in the audit, or otherwise
 peroleh selama audit, atau mengandung kesalahan        appears to be materially misstated.
 penyajian material.

 Ketika kami membaca Laporan Tahunan, jika kami         When we read the Annual Report, if we conclude
 menyimpulkan bahwa terdapat suatu kesalahan            that there is a material misstatement therein, we
 penyajian material di dalamnya, kami diharuskan        are required to communicate the matter to those
 untuk mengomunikasikan hal tersebut kepada             charged with governance and take appropriate
 pihak yang bertanggung jawab atas tata kelola dan      actions based on the applicable laws and
 melakukan tindakan yang tepat berdasarkan              regulations.
 peraturan perundang-undangan yang berlaku.

 Tanggung jawab manajemen dan pihak yang                Responsibilities of management and those
 bertanggung jawab atas tata kelola terhadap            charged with governance for the financial
 laporan keuangan                                       statements

 Manajemen bertanggung jawab atas penyusunan            Management is responsible for the preparation
 dan penyajian wajar laporan keuangan tersebut          and fair presentation of the financial statements
 sesuai dengan Standar Akuntansi Keuangan di            in accordance with Indonesian Financial
 Indonesia, dan atas pengendalian internal yang         Accounting Standards, and for such internal
 dianggap    perlu    oleh   manajemen      untuk       control as management determines is necessary
 memungkinkan penyusunan laporan keuangan               to enable the preparation of financial statements
 yang bebas dari kesalahan penyajian material, baik     that are free from material misstatement,
 yang disebabkan oleh kecurangan maupun                 whether due to fraud or error.
 kesalahan.
                                                    v
A member firm of Ernst & Young Global Limited
Page 854
                                                           The original report included herein is in the Indonesian
                                                                                                          language.



Laporan Auditor Independen (lanjutan)                 Independent Auditor’s Report (continued)

Laporan    No.    00023/2.1505/AU.1/07/0242-          Report No. 00023/2.1505/AU.1/07/0242-
3/1/II/2026 (lanjutan)                                3/1/II/2026 (continued)


 Tanggung jawab manajemen dan pihak yang              Responsibilities of management and those
 bertanggung jawab atas tata kelola terhadap          charged with governance for the financial
 laporan keuangan (lanjutan)                          statements (continued)

 Dalam penyusunan laporan keuangan, manajemen         In    preparing     the    financial   statements,
 bertanggung jawab untuk menilai kemampuan            management is responsible for assessing the
 Bank dalam mempertahankan kelangsungan               Bank’s ability to continue as a going concern,
 usahanya, mengungkapkan, sesuai dengan               disclosing, as applicable, matters related to going
 kondisinya, hal-hal yang berkaitan dengan            concern, and using the going concern basis of
 kelangsungan usaha, dan menggunakan basis            accounting, unless management either intends to
 akuntansi kelangsungan usaha, kecuali manajemen      liquidate the Bank or to cease operations, or has
 memiliki intensi untuk melikuidasi Bank atau         no realistic alternative but to do so.
 menghentikan operasi, atau tidak memiliki
 alternatif yang realistis selain melaksanakannya.

 Pihak yang bertanggung jawab atas tata kelola        Those charged with governance are responsible
 bertanggung jawab untuk mengawasi proses             for overseeing the Bank’s financial reporting
 pelaporan keuangan Bank.                             process.

 Tanggung jawab auditor terhadap audit atas           Auditor’s responsibilities for the audit of the
 laporan keuangan                                     financial statements

 Tujuan kami adalah untuk memeroleh keyakinan         Our objectives are to obtain reasonable
 memadai tentang apakah laporan keuangan secara       assurance about whether the financial
 keseluruhan bebas dari kesalahan penyajian           statements taken as a whole are free from
 material, baik yang disebabkan oleh kecurangan       material misstatement, whether due to fraud or
 maupun kesalahan, dan untuk menerbitkan              error, and to issue an independent auditor’s
 laporan auditor independen yang mencakup opini       report that includes our opinion. Reasonable
 kami. Keyakinan memadai merupakan suatu              assurance is a high level of assurance, but is not
 tingkat keyakinan tinggi, namun bukan merupakan      a guarantee that an audit conducted in
 suatu jaminan bahwa audit yang dilaksanakan          accordance with Standards on Auditing
 berdasarkan Standar Audit yang ditetapkan oleh       established by the IICPA will always detect
 IAPI akan selalu mendeteksi kesalahan penyajian      a material misstatement when it exists.
 material ketika hal tersebut ada. Kesalahan          Misstatements can arise from fraud or error and
 penyajian dapat disebabkan oleh kecurangan           are considered material if, individually or in the
 maupun kesalahan dan dianggap material jika, baik    aggregate, they could reasonably be expected to
 secara individual maupun secara agregat, dapat       influence the economic decisions of users taken
 diekspektasikan secara wajar akan memengaruhi        on the basis of these financial statements.
 keputusan ekonomi yang diambil oleh pengguna
 berdasarkan laporan keuangan tersebut.




                                                 vi
A member firm of Ernst & Young Global Limited
Page 855
                                                                  The original report included herein is in the Indonesian
                                                                                                                 language.



Laporan Auditor Independen (lanjutan)                       Independent Auditor’s Report (continued)

Laporan    No.    00023/2.1505/AU.1/07/0242-                Report No. 00023/2.1505/AU.1/07/0242-
3/1/II/2026 (lanjutan)                                      3/1/II/2026 (continued)

Tanggung jawab auditor terhadap audit atas                  Auditor’s responsibilities for the audit of the
laporan keuangan (lanjutan)                                 financial statements (continued)

 Sebagai bagian dari suatu audit berdasarkan                As part of an audit in accordance with Standards
 Standar Audit yang ditetapkan oleh IAPI, kami              on Auditing established by the IICPA, we exercise
 menerapkan pertimbangan profesional dan                    professional judgment and maintain professional
 mempertahankan skeptisisme profesional selama              skepticism throughout the audit. We also:
 audit. Kami juga:

      Mengidentifikasi dan menilai risiko kesalahan           Identify and assess the risks of material
       penyajian material dalam laporan keuangan,               misstatement of the financial statements,
       baik yang disebabkan oleh kecurangan maupun              whether due to fraud or error, design and
       kesalahan, mendesain dan melaksanakan                    perform audit procedures responsive to such
       prosedur audit yang responsif terhadap risiko            risks, and obtain audit evidence that is
       tersebut, serta memeroleh bukti audit yang               sufficient and appropriate to provide a basis
       cukup dan tepat untuk menyediakan basis bagi             for our opinion. The risk of not detecting
       opini kami. Risiko tidak terdeteksinya                   a material misstatement resulting from fraud
       kesalahan penyajian material yang disebabkan             is higher than for one resulting from error, as
       oleh kecurangan lebih tinggi dari yang                   fraud may involve collusion, forgery,
       disebabkan oleh kesalahan, karena kecurangan             intentional omissions, misrepresentations, or
       dapat     melibatkan    kolusi,    pemalsuan,            override of internal control.
       penghilangan secara sengaja, pernyataan
       salah, atau pengabaian atas pengendalian
       internal.

      Memeroleh suatu pemahaman tentang                       Obtain an understanding of internal control
       pengendalian internal yang relevan dengan                relevant to the audit in order to design audit
       audit untuk mendesain prosedur audit yang                procedures that are appropriate in the
       tepat sesuai dengan kondisinya, tetapi bukan             circumstances, but not for the purpose of
       untuk tujuan menyatakan opini atas                       expressing an opinion on the effectiveness of
       keefektivitasan pengendalian internal Bank.              the Bank’s internal control.

      Mengevaluasi ketepatan kebijakan akuntansi              Evaluate the appropriateness of accounting
       yang digunakan serta kewajaran estimasi                  policies used and the reasonableness of
       akuntansi dan pengungkapan terkait yang                  accounting estimates and related disclosures
       dibuat oleh manajemen.                                   made by management.




                                                      vii
A member firm of Ernst & Young Global Limited
Page 856
                                                                     The original report included herein is in the Indonesian
                                                                                                                    language.



Laporan Auditor Independen (lanjutan)                           Independent Auditor’s Report (continued)

Laporan    No.    00023/2.1505/AU.1/07/0242-                    Report No. 00023/2.1505/AU.1/07/0242-
3/1/II/2026 (lanjutan)                                          3/1/II/2026 (continued)


Tanggung jawab auditor terhadap audit atas                     Auditor’s responsibilities for the audit of the
laporan keuangan (lanjutan)                                    financial statements (continued)

 Sebagai bagian dari suatu audit berdasarkan                   As part of an audit in accordance with Standards
 Standar Audit yang ditetapkan oleh IAPI, kami                 on Auditing established by the IICPA, we exercise
 menerapkan pertimbangan profesional dan                       professional judgment and maintain professional
 mempertahankan skeptisisme profesional selama                 skepticism throughout the audit.        We also:
 audit. Kami juga: (lanjutan)                                  (continued)

      Menyimpulkan ketepatan penggunaan basis                    Conclude      on    the    appropriateness      of
       akuntansi     kelangsungan      usaha    oleh               management’s use of the going concern basis
       manajemen dan, berdasarkan bukti audit yang                 of accounting and, based on the audit evidence
       diperoleh,     apakah      terdapat     suatu               obtained, whether a material uncertainty exists
       ketidakpastian material yang terkait dengan                 related to events or conditions that may cast
       peristiwa    atau    kondisi    yang    dapat               significant doubt on the Bank’s ability to
       menyebabkan keraguan signifikan atas                        continue as a going concern. If we conclude
       kemampuan Bank untuk mempertahankan                         that a material uncertainty exists, we are
       kelangsungan      usahanya.     Ketika   kami               required to draw attention in our independent
       menyimpulkan       bahwa     terdapat   suatu               auditor’s report to the related disclosures in the
       ketidakpastian material, kami diharuskan                    financial statements or, if such disclosures are
       untuk menarik perhatian dalam laporan auditor               inadequate, to modify our opinion. Our
       independen kami ke pengungkapan terkait                     conclusion is based on the audit evidence
       dalam     laporan    keuangan     atau,   jika              obtained up to the date of our independent
       pengungkapan tersebut tidak memadai,                        auditor’s report. However, future events or
       memodifikasi opini kami. Kesimpulan kami                    conditions may cause the Bank to cease to
       didasarkan pada bukti audit yang diperoleh                  continue as going concern.
       hingga tanggal laporan auditor independen
       kami. Namun, peristiwa atau kondisi masa
       depan dapat menyebabkan Bank tidak dapat
       mempertahankan kelangsungan usaha.

      Mengevaluasi penyajian, struktur, dan isi                  Evaluate the overall presentation, structure,
       laporan keuangan secara keseluruhan,                        and content of the financial statements,
       termasuk pengungkapannya, dan apakah                        including the disclosures, and whether the
       laporan keuangan mencerminkan transaksi                     financial statements represent the underlying
       dan peristiwa yang mendasarinya dengan                      transactions and events in a manner that
       suatu cara yang mencapai penyajian wajar.                   achieves fair presentation.

Kami mengomunikasikan kepada pihak yang                        We communicate with those charged with
bertanggung jawab atas tata kelola mengenai,                   governance regarding, among other matters, the
antara lain, ruang lingkup dan saat yang                       planned scope and timing of the audit and
direncanakan atas audit serta temuan audit                     significant audit findings, including any significant
signifikan, termasuk setiap defisiensi signifikan              deficiencies in internal control that we identify
dalam pengendalian internal yang teridentifikasi               during our audit.
oleh kami selama audit.



                                                        viii
A member firm of Ernst & Young Global Limited
Page 857
A member firm of Ernst & Young Global Limited
Page 858
                                                                                   The original financial statements included herein are in
                                                                                                                     Indonesian language.


                   PT BANK MANDIRI TASPEN                                             PT BANK MANDIRI TASPEN
                  LAPORAN POSISI KEUANGAN                                         STATEMENT OF FINANCIAL POSITION
                   Tanggal 31 Desember 2025                                             As of December 31, 2025
                 (Disajikan dalam jutaan Rupiah,                                    (Expressed in millions of Rupiah,
                     kecuali dinyatakan lain)                                           unless otherwise stated)


                                     31 Desember 2025/         Catatan/       31 Desember 2024/
                                     December 31, 2025          Notes         December 31, 2024

ASET                                                                                                                            ASSETS

Kas                                             152.993         2c,2f,4                   137.382                                  Cash

                                                                                                                  Current accounts with
Giro pada Bank Indonesia                      1.283.107       2c,2f,2g,5                3.122.333                     Bank Indonesia

Giro pada bank lain                                           2c,2e,2f,2g,                            Current accounts with other banks
  Pihak berelasi                                 74.756           6,36                     47.978                     Related parties
Dikurangi: Cadangan kerugian                                                                                        Less: Allowance for
  penurunan nilai                                       (1)                                     (1)                impairment losses

Total - neto                                     74.755                                    47.977                             Total - net

Penempatan pada Bank Indonesia                                                                         Placements with Bank Indonesia
  dan bank lain                                                2c,2f,2h,                                           and other banks
  Pihak ketiga                                6.361.889            7                    2.179.682                       Third parties

Efek-efek                                                     2c,2d,2e,2i,                                                    Securities
  Pihak berelasi                             10.106.223          8,36                   8.152.897                      Related parties
  Pihak ketiga                                2.913.109                                 4.576.396                        Third parties

Total                                        13.019.332                                12.729.293                                   Total

Efek-efek yang dibeli                                                                                        Securities purchased under
  dengan janji dijual kembali                                                                                    agreements to resell
  Pihak ketiga                                1.014.855         2c,2j,9                 1.277.381                         Third parties

Kredit yang diberikan                                          2c,2e,2k,                                                         Loans
  Pihak berelasi                                 15.257         10,36                      15.930                      Related parties
  Pihak ketiga                               50.515.459                                46.245.485                        Third parties

Total                                        50.530.716                                46.261.415                                  Total
Dikurangi: Cadangan kerugian                                                                                         Less: Allowance for
  penurunan nilai                               (770.429)                                (817.514)                  impairment losses

Total - neto                                 49.760.287                                45.443.901                             Total - net

                                                                2e,2p,
Biaya dibayar dimuka                             33.142         11,36                      19.274                     Prepaid expenses

                                                               2l,2m,12                                               Fixed assets and
Aset tetap dan aset hak guna                                                                                     rights of use assets
  Nilai perolehan                              2.004.726                                1.733.694                                Cost
  Akumulasi penyusutan                        (1.434.539)                              (1.228.660)          Accumulated depreciation

Total - neto                                    570.187                                   505.034                             Total - net

Aset pajak tangguhan - neto                      76.076         2w,18d                    202.112              Deferred tax assets - net

Aset tak berwujud - neto                        169.119          2n,13                    128.227                 Intangible assets - net

                                                               2c,2e,2o,
Aset lain-lain                                  502.824       2q,14,30,36                 439.748                           Other assets

TOTAL ASET                                   73.018.566                                66.232.344                      TOTAL ASSETS




  Catatan atas laporan keuangan terlampir merupakan                        The accompanying notes to the financial statements form an
  bagian yang tidak terpisahkan dari laporan keuangan                      integral part of these financial statements taken as a whole.
                  secara keseluruhan.

                                                                  1
Page 859
                                                                                  The original financial statements included herein are in
                                                                                                                    Indonesian language.


                PT BANK MANDIRI TASPEN                                            PT BANK MANDIRI TASPEN
           LAPORAN POSISI KEUANGAN (lanjutan)                             STATEMENT OF FINANCIAL POSITION (continued)
                Tanggal 31 Desember 2025                                            As of December 31, 2025
              (Disajikan dalam jutaan Rupiah,                                   (Expressed in millions of Rupiah,
                  kecuali dinyatakan lain)                                          unless otherwise stated)



                                      31 Desember 2025/       Catatan/        31 Desember 2024/
                                      December 31, 2025        Notes          December 31, 2024

LIABILITAS DAN EKUITAS                                                                                      LIABILITIES AND EQUITY

LIABILITAS                                                                                                                 LIABILITIES

Liabilitas segera                                 58.179      2c,2r,15                   862.204             Liabilities due immediately

Simpanan nasabah                                              2c,2e,2s,                                       Deposits from customers
  Pihak berelasi                               8.768.920       16,36                   8.634.088                     Related parties
  Pihak ketiga                                46.261.653                              40.190.459                        Third parties

Total                                         55.030.573                              48.824.547                                    Total

Simpanan dari bank lain                                                                                      Deposits from other banks
  Pihak ketiga                                    49.789      2c,2t,17                   755.053                         Third parties

Utang pajak                                       50.072       2w,18a                     52.336                         Taxes payable

                                                              2c,2e,2u,
Surat berharga yang diterbitkan                2.695.416        19,36                  1.199.093                      Securities issued

Efek-efek yang dijual                                                                                            Securities sold under
  dengan janji dibeli kembali                                                                              agreements to repurchase
  Pihak berelasi                                         -   2c,2e,2j,21,36              225.076                       Related party

Pinjaman yang diterima                                        2c,2e,2w,                                                     Borrowings
  Pihak berelasi                               1.500.000        20,36                  3.000.000                      Related parties
  Pihak ketiga                                 3.500.000                               2.750.000                        Third parties

Total                                          5.000.000                               5.750.000                                    Total

Beban yang masih harus dibayar                   325.758         22                      315.810                     Accrued expenses

Liabilitas imbalan kerja                         306.607        2z,24                    343.816           Employee benefits liabilities

Liabilitas lain-lain                             106.872        2c,23                    116.385                         Other liabilities

TOTAL LIABILITAS                              63.623.266                              58.444.320                  TOTAL LIABILITIES




   Catatan atas laporan keuangan terlampir merupakan                      The accompanying notes to the financial statements form an
   bagian yang tidak terpisahkan dari laporan keuangan                    integral part of these financial statements taken as a whole.
                   secara keseluruhan.

                                                                 2
Page 860
                                                                               The original financial statements included herein are in
                                                                                                                 Indonesian language.


               PT BANK MANDIRI TASPEN                                          PT BANK MANDIRI TASPEN
          LAPORAN POSISI KEUANGAN (lanjutan)                           STATEMENT OF FINANCIAL POSITION (continued)
               Tanggal 31 Desember 2025                                          As of December 31, 2025
             (Disajikan dalam jutaan Rupiah,                                 (Expressed in millions of Rupiah,
                 kecuali dinyatakan lain)                                        unless otherwise stated)

                                      31 Desember 2025/     Catatan/      31 Desember 2024/
                                      December 31, 2025      Notes        December 31, 2024

EKUITAS                                                                                                                      EQUITY

Modal saham - nilai nominal
  Rp500 (nilai penuh) per saham                                                                               Share capital - Rp500
  Modal dasar - 1.639.301.632                                                                   (full amount) par value per share
    lembar saham,                                                                             Authorized - 1,639,301,632 shares,
    ditempatkan dan disetor penuh -                                                                        issued and fully paid -
    1.638.608.705 lembar saham                                                                             1,638,608,705 shares
    pada tanggal 31 Desember 2025                                                                       as of December 31, 2025
    dan 2024                                    819.304        25                     819.304                           and 2024

Tambahan modal disetor                        1.349.508        25                   1.349.508               Additional paid-in capital

Keuntungan/(kerugian) neto
  yang belum direalisasi atas                                                                              Net unrealized gain/(loss)
  efek-efek yang diukur pada                                                                                           on securities
  nilai wajar melalui                                                                                         at fair value through
  penghasilan komprehensif lain                                                                      other comprehensive income
  - setelah pajak                               108.802      2c,2j,8                   (77.638)                           - after tax

Pengukuran kembali atas liabilitas                                                                    Remeasurement of employee
  imbalan kerja - setelah pajak                  (20.840)    2z,24                     (18.351)       benefits liabilities - after tax

Saldo laba                                                                                                        Retained earnings
  Sudah ditentukan penggunaannya                163.861        26                     163.861                        Appropriated
  Belum ditentukan penggunaannya              6.974.665                             5.551.340                     Unappropriated

TOTAL EKUITAS                                 9.395.300                             7.788.024                       TOTAL EQUITY

TOTAL LIABILITAS DAN EKUITAS                 73.018.566                            66.232.344 TOTAL LIABILITIES AND EQUITY




  Catatan atas laporan keuangan terlampir merupakan                    The accompanying notes to the financial statements form an
  bagian yang tidak terpisahkan dari laporan keuangan                  integral part of these financial statements taken as a whole.
                  secara keseluruhan.

                                                               3
Page 861
                                                                                    The original financial statements included herein are in
                                                                                                                      Indonesian language.


               PT BANK MANDIRI TASPEN                                                    PT BANK MANDIRI TASPEN
        LAPORAN LABA RUGI DAN PENGHASILAN                                          STATEMENT OF PROFIT OR LOSS AND
                  KOMPREHENSIF LAIN                                                  OTHER COMPREHENSIVE INCOME
         Untuk Tahun yang Berakhir pada Tanggal                                    For the Year Ended December 31, 2025
                    31 Desember 2025                                                  (Expressed in millions of Rupiah,
             (Disajikan dalam jutaan Rupiah,                                              unless otherwise stated)
                 kecuali dinyatakan lain)

                                          Tahun yang Berakhir pada Tanggal 31 Desember/
                                                    Year Ended December 31

                                                               Catatan/
                                              2025              Notes                 2024

PENDAPATAN DAN BEBAN                                                                                         OPERATING INCOME AND
  OPERASIONAL                                                                                                          EXPENSES
Pendapatan bunga                                 6.574.099 2e,2x,2y,27,36                6.198.332                         Interest income
Beban bunga                                     (2.908.589) 2e,2x,28,36                 (2.756.746)                     Interest expenses

Pendapatan bunga - neto                         3.665.510                                3.441.586                   Interest income - net

Pendapatan operasional lainnya                    416.760        2x,29                     420.966              Other operating income
Pembentukan cadangan kerugian                                                                                   Provision for impairment
  penurunan nilai                                (213.601)       10,30                      (47.299)                              losses
Beban operasional lainnya                                                                                     Other operating expenses
  Tenaga kerja                                   (893.689)        32                      (872.052)                             Salaries
  Umum dan administrasi                          (934.174)     2e,31,36                   (891.946)         General and administrative
  Kerugian atas perubahan                                                                                      Loss from the changes
    nilai wajar                                                                                                       in fair value of
    efek-efek - neto                                 (1.179)                                       -                 securities - net
Total beban operasional lainnya                 (1.829.042)                             (1.763.998)       Total other operating expenses
LABA OPERASIONAL                                2.039.627                                2.051.255                 OPERATING INCOME
Pendapatan (beban) non operasional                                                                                  Non-operating income
  - neto                                              1.453       33                        (11.622)                   (expenses) - net

                                                                                                                 INCOME BEFORE TAX
LABA SEBELUM BEBAN PAJAK                        2.041.080                                2.039.633                      EXPENSES
Beban pajak                                      (460.000)     2w,18b,18c                 (462.083)                         Tax expenses
LABA TAHUN BERJALAN                             1.581.080                                1.577.550             INCOME FOR THE YEAR

PENGHASILAN KOMPREHENSIF                                                                                     OTHER COMPREHENSIVE
  LAIN                                                                                                                  INCOME
Pos-pos yang tidak akan direklasifikasi                                                                  Items that will not be reclassified
  ke laba rugi:                                                                                                          to profit or loss:
Pengukuran kembali                                                                                               Remeasurement of post
  atas liabilitas imbalan kerja                      (3.191)     2z,24                       16.995         employee benefits liabilities
Pajak penghasilan terkait                               702       18d                        (3.739)                   Related income tax
                                                     (2.489)                                 13.256

Pos-pos yang akan direklasifikasi                                                                           Items that will be reclassified
  ke laba rugi:                                                                                                          to profit or loss:
(Kerugian)/keuntungan neto yang                                                                                 Net unrealized (loss)/gain
  belum direalisasi atas perubahan                                                                                            on changes
  nilai wajar efek-efek                                                                                        in fair value of securities
  yang diukur pada nilai wajar melalui                                                                              at fair value through
  penghasilan komprehensif lain                   239.026      2c,2d,2i,8                 (100.726)       other comprehensive income
Pajak penghasilan terkait                         (52.586)        18d                       22.160                      Related income tax
                                                  186.440                                   (78.566)

Penghasilan/(kerugian)                                                                                              Other comprehensive
 komprehensif lain                                                                                                         income/(loss)
 tahun berjalan - setelah pajak                   183.951                                   (65.310)              for the year - after tax

TOTAL PENGHASILAN
  KOMPREHENSIF                                                                                                TOTAL COMPREHENSIVE
  TAHUN BERJALAN                                1.765.031                                1.512.240           INCOME FOR THE YEAR

LABA PER SAHAM DASAR                                                                                    BASIC EARNINGS PER SHARE
  (nilai penuh)                                      964,89     2ab,34                       962,74                  (full amount)

  Catatan atas laporan keuangan terlampir merupakan                         The accompanying notes to the financial statements form an
  bagian yang tidak terpisahkan dari laporan keuangan                       integral part of these financial statements taken as a whole.
                  secara keseluruhan.

                                                                  4
Page 862
                                                                                                                                               The original financial statements included herein are in Indonesian language.


                         PT BANK MANDIRI TASPEN                                                                                                      PT BANK MANDIRI TASPEN
                      LAPORAN PERUBAHAN EKUITAS                                                                                                STATEMENT OF CHANGES IN EQUITY
         Untuk Tahun yang Berakhir pada Tanggal 31 Desember 2025                                                                               For the Year Ended December 31, 2025
           (Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain)                                                                   (Expressed in millions of Rupiah, unless otherwise stated)



                                                                                                              Keuntungan/
                                                                                                                (kerugian)
                                                                                                                neto yang
                                                                                                                   belum
                                                                                                                direalisasi
                                                                                                             atas efek-efek
                                                                                                               yang diukur
                                                                                                                    pada
                                                                                                              penghasilan
                                                                                                             komprehensif
                                                                                             Pengukuran       lain - setelah
                                                                                                kembali            pajak/
                                                                                            atas liabilitas Net unrealized
                                                  Modal Saham                               imbalan kerja    gain/(loss) on
                                                  ditempatkan                              - setelah pajak/   securities at
                                                   dan disetor         Tambahan            Remeasurement         fair value                Saldo laba/Retained earnings
                                                     penuh/           modal disetor/         of employee     through other           Telah             Belum
                                                   Issued and          Additional               benefits    comprehensive         ditentukan         ditentukan         Total
                                       Catatan/   fully paid-in         paid-in               liabilities -      income -       penggunaannya/ penggunaannya/          ekuitas/
                                        Notes        capital             capital                after tax         after tax      Appropriated      Unappropriated    Total Equity

Saldo per 31 Desember 2024                              819.304             1.349.508               (18.351)         (77.638)           163.861         5.551.340       7.788.024          Balance at December 31, 2024

Laba tahun berjalan                                               -                    -                  -                -                   -        1.581.080       1.581.080                      Income for the year

Dividen dibayarkan                        26                      -                    -                  -                -                   -         (157.755)       (157.755)                            Dividend paid

Pengukuran kembali atas liabilitas                                                                                                                                                           Remeasurement of employee
   imbalan kerja - setelah pajak          24                      -                    -             (2.489)               -                   -                 -          (2.489)          benefits liabilities - after tax

Keuntungan neto                                                                                                                                                                                         Net unrealized gain
   yang belum direalisasi                                                                                                                                                                        on changes in fair value
   atas perubahan nilai wajar                                                                                                                                                                              of securities at
   efek-efek yang diukur pada                                                                                                                                                                    fair value through other
   nilai wajar melalui penghasilan                                                                                                                                                               comprehensive income
   komprehensif lain - setelah pajak      8                       -                    -                  -         186.440                    -                 -        186.440                               - after tax
Saldo per 31 Desember 2025                              819.304             1.349.508               (20.840)        108.802             163.861         6.974.665       9.395.300          Balance at December 31, 2025




   Catatan atas laporan keuangan terlampir merupakan bagian yang tidak terpisahkan                                       The accompanying notes to the financial statements form an integral part of these financial
                      dari laporan keuangan secara keseluruhan.                                                                                      statements taken as a whole.


                                                                                                               5
Page 863
                                                                                                                                               The original financial statements included herein are in Indonesian language.

                         PT BANK MANDIRI TASPEN                                                                                                      PT BANK MANDIRI TASPEN
                 LAPORAN PERUBAHAN EKUITAS (lanjutan)                                                                                    STATEMENT OF CHANGES IN EQUITY (continued)
         Untuk Tahun yang Berakhir pada Tanggal 31 Desember 2025                                                                               For the Year Ended December 31, 2025
           (Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain)                                                                   (Expressed in millions of Rupiah, unless otherwise stated)


                                                                                                              Keuntungan/
                                                                                                                (kerugian)
                                                                                                                neto yang
                                                                                                                   belum
                                                                                                                direalisasi
                                                                                                             atas efek-efek
                                                                                                               yang diukur
                                                                                                                    pada
                                                                                                              penghasilan
                                                                                                             komprehensif
                                                                                             Pengukuran       lain - setelah
                                                                                                kembali            pajak/
                                                                                            atas liabilitas Net unrealized
                                                  Modal Saham                               imbalan kerja    gain/(loss) on
                                                  ditempatkan                              - setelah pajak/   securities at
                                                   dan disetor         Tambahan            Remeasurement         fair value                Saldo laba/Retained earnings
                                                     penuh/           modal disetor/         of employee     through other           Telah             Belum
                                                   Issued and          Additional               benefits    comprehensive         ditentukan         ditentukan         Total
                                       Catatan/   fully paid-in         paid-in               liabilities -      income -       penggunaannya/ penggunaannya/          ekuitas/
                                        Notes        capital             capital                after tax         after tax      Appropriated      Unappropriated    Total Equity

Saldo per 31 Desember 2023                              819.304             1.349.508               (31.607)            928             163.861         4.114.730       6.416.724          Balance at December 31, 2023

Laba tahun berjalan                                               -                    -                  -                -                   -        1.577.550       1.577.550                      Income for the year

Dividen dibayarkan                        26                      -                    -                  -                -                   -         (140.940)       (140.940)                            Dividend paid

Pengukuran kembali atas liabilitas                                                                                                                                                           Remeasurement of employee
   imbalan kerja - setelah pajak          24                      -                    -             13.256                -                   -                 -         13.256            benefits liabilities - after tax

Kerugian neto                                                                                                                                                                                           Net unrealized loss
   yang belum direalisasi                                                                                                                                                                        on changes in fair value
   atas perubahan nilai wajar                                                                                                                                                                              of securities at
   efek-efek yang diukur pada                                                                                                                                                                    fair value through other
   nilai wajar melalui penghasilan                                                                                                                                                               comprehensive income
   komprehensif lain - setelah pajak      8                       -                    -                  -          (78.566)                  -                 -         (78.566)                             - after tax
Saldo per 31 Desember 2024                              819.304             1.349.508               (18.351)         (77.638)           163.861         5.551.340       7.788.024          Balance at December 31, 2024




   Catatan atas laporan keuangan terlampir merupakan bagian yang tidak terpisahkan                                       The accompanying notes to the financial statements form an integral part of these financial
                      dari laporan keuangan secara keseluruhan.                                                                                      statements taken as a whole.


                                                                                                               6
Page 864
                                                                                The original financial statements included herein are in
                                                                                                                  Indonesian language.


                PT BANK MANDIRI TASPEN                                                PT BANK MANDIRI TASPEN
                   LAPORAN ARUS KAS                                                 STATEMENT OF CASH FLOWS
          Untuk Tahun yang Berakhir pada Tanggal                                For the Year Ended December 31, 2025
                     31 Desember 2025                                             (Expressed in millions of Rupiah,
              (Disajikan dalam jutaan Rupiah,                                          unless otherwise stated)
                  kecuali dinyatakan lain)
                                         Tahun yang Berakhir pada Tanggal 31 Desember/
                                                   Year Ended December 31

                                                             Catatan/
                                             2025             Notes               2024
ARUS KAS DARI AKTIVITAS                                                                                        CASH FLOWS FROM
  OPERASI                                                                                                OPERATING ACTIVITIES
Penerimaan dari pendapatan bunga                6.518.595                            6.191.172          Receipts from interest income
Pembayaran beban bunga                         (2.880.909)                          (2.754.273)        Payments of interest expenses
Penerimaan pendapatan                                                                                                   Receipts from
  operasional lainnya                            413.401                               431.935              other operating income
Pembayaran beban tenaga kerja                   (934.073)                             (912.580)       Payments of salaries expenses
Pembayaran beban umum dan                                                                                   Payments of general and
  administrasi                                  (676.290)                             (674.512)            administrative expenses
Pembayaran beban                                                                                           Payment of non-operating
  non operasional - neto                           1.249                                (4.455)                      expense - net
Pembayaran pajak penghasilan badan              (386.928)                             (390.759)      Payment of corporate income tax
Arus kas operasional sebelum                                                                             Cash flows before changes
  perubahan atas aset dan                                                                                     in operating assets
  liabilitas operasi                           2.055.045                             1.886.528                      and liabilities
(Kenaikan)/penurunan                                                                                              (Increase)/decrease in
  aset operasi:                                                                                                       operating assets:
  Efek-efek diukur pada                                                                                       Securities measured at
     nilai wajar melalui laba rugi              (639.755)                                      -   fair value through profit or loss
  Efek-efek yang dibeli                                                                                          Securities purchased
     dengan janji dijual kembali                  262.086       9                    5.201.686          under agreements to resell
  Kredit yang diberikan                        (4.529.985)                          (5.236.035)                                   Loans
  Biaya dibayar dimuka                            (13.868)                               1.582                       Prepaid expenses
  Aset lain-lain                                  (31.719)                              (5.655)                           Other assets
Kenaikan/(penurunan)                                                                                              Increase/(decrease) in
  liabilitas operasi:                                                                                               operating liabilities:
  Liabilitas segera                             (804.025)                             (405.317)            Liabilities due immediately
  Simpanan nasabah                                                                                          Deposits from customers
     Giro                                       (590.876)                               74.375                     Current accounts
     Tabungan                                  2.020.413                             1.817.597                       Saving deposits
     Deposito berjangka                        4.776.488                             1.955.959                         Time deposits
  Simpanan dari bank lain                       (705.264)                              397.192             Deposits from other banks
  Efek-efek yang dijual                                                                                          Securities sold under
     dengan janji dibeli kembali                (225.076)       21                     225.076          agreements to repurchase
  Utang pajak                                     (1.184)                              (11.333)                          Taxes payable
  Liabilitas lain-lain                           (16.946)                              (14.907)                          Other liabilities
Kas neto yang dihasilkan dari                                                                               Net cash generated from
  aktivitas operasi                            1.555.334                             5.886.748                 operating activities

ARUS KAS DARI AKTIVITAS                                                                                          CASH FLOWS FROM
  INVESTASI                                                                                               INVESTING ACTIVITIES
Pembelian aset tetap                            (182.878)       12                     (85.384)             Acquisition of fixed assets
Penjualan aset tetap                                   -        12                           7                      Sale of fixed assets
Pembelian aset tidak berwujud                    (55.966)       13                    (104.697)       Acquisition of intangible assets
Perolehan aset hak guna                          (70.755)                              (58.188)    Acquisitions of rights of use assets
Pembelian efek-efek yang diukur                                                                             Purchases of securities at
  pada nilai wajar melalui                                                                                   fair value through other
  penghasilan komprehensif lain                (3.999.845)                          (1.588.379)              comprehensive income
Pembelian efek-efek yang diukur                                                                             Purchases of securities at
  pada biaya perolehan diamortisasi          (18.936.812)                           (9.286.685)                       amortized cost
Penerimaan dari efek-efek
  yang telah jatuh tempo                      23.538.788                             6.415.504      Proceeds from matured securities
Penerimaan dari penjualan efek-efek                                                                  Proceeds from sale of securities
  yang diukur pada nilai wajar melalui                                                                         at fair value through
  penghasilan komprehensif lain                         -                              205.305        other comprehensive income
Kas neto yang dihasilkan dari/
  (digunakan untuk)                                                                                      Net cash generated from/
  aktivitas investasi                            292.532                            (4.502.517)      (used in) investing activities


  Catatan atas laporan keuangan terlampir merupakan                     The accompanying notes to the financial statements form an
  bagian yang tidak terpisahkan dari laporan keuangan                   integral part of these financial statements taken as a whole.
                  secara keseluruhan.

                                                                7
Page 865
                                                                                The original financial statements included herein are in
                                                                                                                  Indonesian language.



               PT BANK MANDIRI TASPEN                                                PT BANK MANDIRI TASPEN
             LAPORAN ARUS KAS (lanjutan)                                     STATEMENT OF CASH FLOWS (continued)
         Untuk Tahun yang Berakhir pada Tanggal                                For the Year Ended December 31, 2025
                    31 Desember 2025                                             (Expressed in millions of Rupiah,
             (Disajikan dalam jutaan Rupiah,                                          unless otherwise stated)
                 kecuali dinyatakan lain)


                                       Tahun yang Berakhir pada Tanggal 31 Desember/
                                                 Year Ended December 31

                                                             Catatan/
                                            2025              Notes               2024

ARUS KAS DARI AKTIVITAS                                                                                      CASH FLOWS FROM
  PENDANAAN                                                                                              FINANCING ACTIVITIES
Penerimaan dari pinjaman yang
  diterima                                    3.750.000        20                    1.750.000             Proceeds from borrowings
Pembayaran atas pinjaman yang
  diterima                                    (4.500.000)      20                     (250.000)             Payments of borrowings
Penerimaan atas                                                                                              Proceed from issuance
  penerbitan surat berharga                   1.500.000        19                              -                      of securities
Pembayaran atas                                                                                                          Payment of
  surat berharga yang diterbitkan                      -       19                   (1.100.000)                  securities issued
Pembayaran dividen                              (157.755)      26                     (140.940)               Payments of dividend
Pembayaran liabilitas sewa                       (49.503)      22                      (48.450)          Payments of lease liabilities
Biaya emisi dari surat berharga                                                                              Payments of securities
  yang diterbitkan                                 (5.238)      19                             -                   issuance costs

Kas neto yang dihasilkan dari                                                                              Net cash generated from
  aktivitas pendanaan                           537.504                                210.610                 financing activities


KENAIKAN                                                                                                    INCREASE IN CASH
  KAS DAN SETARA KAS                          2.385.370                              1.594.841        AND CASH EQUIVALENTS

KAS DAN SETARA KAS                                                                                 CASH AND CASH EQUIVALENTS
  AWAL TAHUN                                  5.487.375                              3.892.534         AT BEGINNING OF YEAR


KAS DAN SETARA KAS                                                                                 CASH AND CASH EQUIVALENTS
  AKHIR TAHUN                                 7.872.745                              5.487.375           AT THE END OF YEAR


Kas dan setara kas terdiri dari:                                                               Cash and cash equivalents consist of:
  Kas                                           152.993         4                      137.382                              Cash
                                                                                                           Current accounts with
  Giro pada Bank Indonesia                    1.283.107         5                    3.122.333                 Bank Indonesia
  Giro pada bank lain                            74.756         6                       47.978 Current accounts with other banks
  Penempatan pada Bank Indonesia                                                                 Placements with Bank Indonesia
    dan bank lain                                                                                               and other bank
    - jangka waktu jatuh                                                                                            - maturing
    tempo 3 bulan atau kurang sejak                                                                      within 3 months since
    tanggal perolehan                         6.361.889         7                    2.179.682                 acquisition date

Total kas dan setara kas                      7.872.745                              5.487.375     Total cash and cash equivalents




  Catatan atas laporan keuangan terlampir merupakan                     The accompanying notes to the financial statements form an
  bagian yang tidak terpisahkan dari laporan keuangan                   integral part of these financial statements taken as a whole.
                  secara keseluruhan.

                                                                8
Page 866
                                                                            The original financial statements included herein are in
                                                                                                              Indonesian language.

            PT BANK MANDIRI TASPEN                                          PT BANK MANDIRI TASPEN
       CATATAN ATAS LAPORAN KEUANGAN                                   NOTES TO THE FINANCIAL STATEMENTS
        Tanggal 31 Desember 2025 dan untuk                                  As of December 31, 2025 and
     Tahun yang Berakhir pada Tanggal Tersebut                                for the Year Then Ended
          (Disajikan dalam jutaan Rupiah,                                 (Expressed in millions of Rupiah,
              kecuali dinyatakan lain)                                        unless otherwise stated)


1.   UMUM                                                         1.   GENERAL

     a.   Pendirian Bank dan Informasi Umum                            a.    Establishment of the Bank and General
                                                                             Information

          PT Bank Mandiri Taspen (selanjutnya disebut                        PT Bank Mandiri Taspen (hereinafter referred
          "Bank") didirikan di Denpasar pada tanggal                         to as the "Bank"), was established in Denpasar
          3 November 1992 berdasarkan Akta Pendirian                         on November 3, 1992, based on Notarial Deed
          No. 4, yang dibuat dihadapan Ida Bagus Alit                        No. 4 of Ida Bagus Alit Sudiatmika, S.H., notary
          Sudiatmika, S.H., notaris di Denpasar, dengan                      in Denpasar, with the name PT Bank Sinar
          nama PT Bank Sinar Harapan Bali. Pendirian ini                     Harapan Bali. This establishment was
          merupakan peningkatan status badan hukum                           enhanced from its previous legal entity status
          yang sebelumnya berbadan hukum Maskapai                            Maskapai Andil Indonesia (MAI) into a Limited
          Andil Indonesia (MAI) menjadi Perseroan                            Liability Company. This deed of establishment
          Terbatas. Akta pendirian ini telah mendapat                        has been approved by the Minister of Justice of
          pengesahan dari Menteri Kehakiman Republik                         the Republic of Indonesia in its Decision Letter
          Indonesia dengan Surat Keputusan No. C2-                           No. C2-4581 HT.01.01 Th.93 dated June 12,
          4581 HT.01.01 Th.93 tertanggal 12 Juni 1993.                       1993.

          Dalam rangka bertransformasi untuk menjadi                         In relation to transforming into a National Bank
          Bank Nasional, berdasarkan keputusan Rapat                         based on the Extraordinary General Meeting of
          Umum Pemegang Saham Luar Biasa                                     Shareholders dated December 22, 2014, as set
          tanggal 22 Desember 2014 sebagaimana yang                          forth in Deed No. 93 dated December 22, 2014
          dituangkan dalam Akta No. 93 tanggal                               of I Gusti Ngurah Putra Wijaya, S.H., Bank’s
          22 Desember 2014 yang dibuat dihadapan                             authorized, issued and paid-in capital was
          Notaris I Gusti Ngurah Putra Wijaya, S.H.,                         changed       from     Rp100,000,000,000      to
          Bank      menyetujui    perubahan     modal                        Rp500,000,000,000 (in full amount) and also
          dasar, ditempatkan     dan    disetor  yang                        resulted to changes in the composition and
          berubah    dari Rp100.000.000.000 menjadi                          ownership interest of the shareholders. The
          Rp500.000.000.000 (dalam nilai penuh) dan                          deed has been approved by the Minister
          juga menyebabkan perubahan komposisi dan                           of Law and Human Rights of the Republic
          susunan     kepemilikan    dari    pemegang                        of Indonesia based on the Decision
          saham. Akta perubahan tersebut telah                               Letter No. AHU-13665.40.20.2014 dated
          mendapat persetujuan sesuai dengan Surat                           December 30, 2014.
          Keputusan Menteri Hukum dan Hak Asasi
          Manusia No. AHU-13665.40.20.2014 tertanggal
          30 Desember 2014.

          Dengan masuknya pemegang saham baru yaitu                          With the inclusion of new shareholders,
          PT Taspen (Persero) dan PT Pos Indonesia                           PT Taspen (Persero) and PT Pos Indonesia
          (Persero), diputuskan pula perubahan nama                          (Persero), it was decided to change the name
          Bank dari PT Bank Sinar Harapan Bali menjadi                       of the Bank from PT Bank Sinar Harapan Bali to
          PT Bank Mandiri Taspen Pos berdasarkan                             PT Bank Mandiri Taspen Pos based on the
          perubahan Anggaran Dasar sesuai Akta No. 5                         amendment of Articles of Association in
          tanggal 7 Januari 2015 yang dibuat dihadapan                       accordance with Deed No. 5 dated January 7,
          Notaris I Gusti Ngurah Putra Wijaya, S.H.,                         2015 by I Gusti Ngurah Putra Wijaya, S.H.,
          Notaris di Denpasar. Akta perubahan tersebut                       Notary in Denpasar. The amendment was
          telah disetujui oleh Menteri Hukum dan Hak                         approved by the Minister of Law and Human
          Asasi Manusia Republik Indonesia melalui Surat                     Rights of the Republic of Indonesia in its
          Keputusan No. AHU-0001075.AH.01.02 tanggal                         Decision Letter No. AHU-0001075.AH.01.02
          23 Januari 2015. Perubahan nama Bank                               dated January 23, 2015. The changes of the
          tersebut juga telah disetujui oleh Otoritas Jasa                   Bank’s name has been approved by the
          Keuangan       (OJK)      berdasarkan       surat                  Financial Services Authority (OJK) based on
          No. 166/KDK.03/2015 tanggal 24 Juli 2015                           letter No.166/ KDK.03 / 2015 dated July 24,
          tentang Penggunaan Ijin Usaha atas nama                            2015, regarding the Use of Business License on
          PT Bank Mandiri Taspen Pos dan surat                               behalf of PT Bank Mandiri Taspen Pos and
          No. S-134/KO.311/2015 tanggal 31 Juli 2015                         letter No. S-134/KO.311/2015 dated July 31,
          tentang Persetujuan Perubahan Logo.                                2015, regarding Approval of Changes in Logo.




                                                              9
Page 867
                                                                        The original financial statements included herein are in
                                                                                                          Indonesian language.

            PT BANK MANDIRI TASPEN                                       PT BANK MANDIRI TASPEN
       CATATAN ATAS LAPORAN KEUANGAN                                NOTES TO THE FINANCIAL STATEMENTS
        Tanggal 31 Desember 2025 dan untuk                               As of December 31, 2025 and
     Tahun yang Berakhir pada Tanggal Tersebut                             for the Year Then Ended
          (Disajikan dalam jutaan Rupiah,                              (Expressed in millions of Rupiah,
              kecuali dinyatakan lain)                                     unless otherwise stated)


1.   UMUM (lanjutan)                                             1. GENERAL (continued)

     a.   Pendirian    Bank   dan    Informasi    Umum             a.    Establishment of the Bank and General
          (lanjutan)                                                     Information (continued)

          PT Bank Sinar Harapan Bali secara resmi                        PT Bank Sinar Harapan Bali officially changed
          berganti    nama   dan   logo    menjadi                       its name and logo to PT Bank Mandiri Taspen
          PT Bank Mandiri Taspen Pos pada tanggal                        Pos on August 7, 2015.
          7 Agustus 2015.

          Sesuai dengan Keputusan Rapat Umum                             According to the Decision of General Meeting
          Pemegang      Saham      No.    4    tanggal                   of Shareholders No. 4 dated November 6, 2017
          6 November 2017 dari Notaris I Gusti Ngurah                    of I Gusti Ngurah Putra Wijaya, S.H., Notary in
          Putra Wijaya, S.H., Notaris di Denpasar,                       Denpasar, the Bank’s shareholders have
          pemegang saham Bank menyetujui perubahan                       agreed to change the name of the Bank from
          nama Bank dari PT Bank Mandiri Taspen Pos                      PT Bank Mandiri Taspen Pos to PT Bank
          menjadi PT Bank Mandiri Taspen. Akta                           Mandiri Taspen. The deed of amendment has
          perubahan tersebut telah dilaporkan kepada                     been reported to the Minister of Justice and
          Menteri Hukum dan Hak Asasi Manusia                            Human Rights of the Republic of Indonesia with
          Republik Indonesia dengan surat penerimaan                     a letter of receipt of notification of data changes
          pemberitahuan perubahan data Bank tertanggal                   of the Bank dated November 7, 2017
          7 November 2017 No. AHU-AH.01.03-0188167                       No.      AHU-AH.01.03-0188167            and    has
          dan telah didaftarkan pada daftar Perseroan                    been registered in Company Register
          No. AHU-0140174.AH.01.11 Tahun 2017                            No. AHU-0140174.AH.01.11 Year 2017 dated
          tanggal 7 November 2017.                                       November 7, 2017.

          Perubahan     nama    Bank   tersebut    juga                  The amendment of the Bank’s name has also
          telah disetujui    oleh OJK berdasarkan                        been approved by OJK based on letter
          surat   No.     KEP-22/PB.1/2017      tanggal                  No. KEP-22/PB.1/2017 dated December 18,
          18 Desember 2017 tentang Penetapan                             2017 concerning Stipulation of Use of Business
          Penggunaan Ijin Usaha atas nama PT Bank                        License on behalf of PT Bank Mandiri Taspen
          Mandiri Taspen Pos menjadi PT Bank Mandiri                     Pos to PT Bank Mandiri Taspen and letter of
          Taspen dan surat OJK Regional: Bali dan Nusa                   Regional OJK: Bali and Nusa Tenggara
          Tenggara No. S-128/KR.08/2017 tanggal                          No. S-128/KR.08/2017 dated December 22,
          22 Desember 2017 tentang Penegasan                             2017 on the confirmation of change of Bank’s
          perubahan logo Bank. PT Bank Mandiri Taspen                    logo. PT Bank Mandiri Taspen Pos officially
          Pos secara resmi berganti nama dan logo                        changed its name and logo to PT Bank Mandiri
          menjadi PT Bank Mandiri Taspen pada tanggal                    Taspen on December 23, 2017.
          23 Desember 2017.

          Perubahan terakhir atas Anggaran Dasar Bank                    The latest amendment of Bank's Articles of
          dinyatakan dengan Akta Pernyataan Keputusan                    Association is stipulated by Deed of Decision of
          Pemegang Saham Nomor 14 tanggal                                Shareholders Number 14 dated December 22,
          22 Desember 2022 dari Notaris Zulkifli Harahap,                2022 of Zulkifli Harahap, S.H., Notary in
          S.H., Notaris di Jakarta, mengenai perubahan                   Jakarta, regarding the change of duties and
          tugas dan wewenang Direksi. Akta tersebut telah                authorities of the Directors. The deed was
          dilaporkan kepada Menteri Hukum dan Hak                        reported to the Minister of Law and Human
          Asasi Manusia Republik Indonesia dengan surat                  Rights of the Republic of Indonesia with a letter
          penerimaan       pemberitahuan      perubahan                  of receipt of notification of changes to the
          Anggaran Dasar PT Bank Mandiri Taspen                          Articles of Association of PT Bank Mandiri
          tertanggal 26 Desember 2022 Nomor AHU-                         Taspen      dated     December     26,     2022
          AH.01.03-0448755 dan telah didaftarkan pada                    Number AHU-AH.01.03-0448755 and has been
          daftar Perseroan No. AHU-0260603.AH.01.11                      registered    in    the    Company     Register
          Tahun 2022 tanggal 26 Desember 2022.                           No. AHU-0260603.AH.01.11 Year 2022 dated
                                                                         December 26, 2022.




                                                            10
Page 868
                                                                         The original financial statements included herein are in
                                                                                                           Indonesian language.

            PT BANK MANDIRI TASPEN                                        PT BANK MANDIRI TASPEN
       CATATAN ATAS LAPORAN KEUANGAN                                 NOTES TO THE FINANCIAL STATEMENTS
        Tanggal 31 Desember 2025 dan untuk                                As of December 31, 2025 and
     Tahun yang Berakhir pada Tanggal Tersebut                              for the Year Then Ended
          (Disajikan dalam jutaan Rupiah,                               (Expressed in millions of Rupiah,
              kecuali dinyatakan lain)                                      unless otherwise stated)


1.   UMUM (lanjutan)                                              1. GENERAL (continued)

     a.   Pendirian    Bank      dan   Informasi   Umum             a.    Establishment of the Bank and General
          (lanjutan)                                                      Information (continued)

          Sesuai pasal 3 Anggaran Dasar, Bank didirikan                   According to Article 3 of the Bank's Articles of
          dengan maksud dan tujuan untuk berusaha di                      Association, the Bank’s scope of activities is to
          bidang bank umum. Untuk mencapai maksud                         engage in general banking services. To achieve
          dan tujuan tersebut, Bank dapat melaksanakan                    such aims and objectives, the Bank may
          kegiatan usaha, antara lain sebagai berikut:                    conduct business activities, among others, as
                                                                          follows:

          a.   Menghimpun dana dari masyarakat dalam                      a.   Collect funds from the public in the form
               bentuk giro, deposito berjangka, sertifikat                     of current accounts, time deposits,
               deposito, tabungan, dan/atau bentuk                             certificates of deposit, saving deposits,
               lainnya yang dipersamakan dengan itu;                           and/or other similar forms;

          b.   Memberi kredit;                                            b.   Giving loans;

          c.   Menerbitkan surat hutang;                                  c.   Issuance of debt securities;

          d.   Membeli, menjual atau menjamin atas                        d.   Purchase, sell or guarantee at its own risk
               resiko sendiri maupun untuk kepentingan                         or for the benefits and at the orders of its
               dan atas perintah nasabahnya:                                   customers:

               1.   Surat-surat wesel termasuk wesel dan                       1.   The notes include bills of exchange
                    akseptasi oleh bank yang masa                                   and acceptances by banks which
                    berlakunya tidak lebih lama dari                                validity period does not take longer
                    kebiasaan dalam perdagangan surat-                              than the custom of the trading of such
                    surat dimaksud;                                                 letters;

               2.   Surat pengakuan hutang dan kertas                          2.   Letter of credit recognition and other
                    dagang lainnya yang masa berlakunya                             trade paper which expires not longer
                    tidak lebih lama dari pada kebiasaan                            than usual in the trade of such letters;
                    dalam      perdagangan     surat-surat
                    dimaksud;

               3.   Surat perbendaharaan negara dan                            3.   State treasury notes and government
                    surat jaminan pemerintah;                                       guarantee letters;

               4.   Sertifikat Bank Indonesia (“SBI”) dan                      4.   Certificates of Bank Indonesia ("SBI")
                    obligasi;                                                       and bonds;

               5.   Surat dagang berjangka waktu sampai                        5.   Trading documents with maturities of
                    dengan 1 (satu) tahun;                                          up to 1 (one) year;

          e.   Menerima pembayaran dari tagihan atas                      e.   Accept payments from claims on securities
               surat-surat berharga dan melakukan                              and perform calculations with or between
               perhitungan dengan atau antara pihak                            third parties;
               ketiga;

          f.   Menyediakan tempat untuk menyimpan                         f.   Provide a place to store goods and
               barang dan surat berharga;                                      securities;

          g.   Melakukan kegiatan penitipan untuk                         g.   Conduct custodial activities for the benefit
               kepentingan pihak lain berdasarkan suatu                        of others under a contract;
               kontrak;




                                                             11
Page 869
                                                                                    The original financial statements included herein are in
                                                                                                                      Indonesian language.

            PT BANK MANDIRI TASPEN                                                   PT BANK MANDIRI TASPEN
       CATATAN ATAS LAPORAN KEUANGAN                                            NOTES TO THE FINANCIAL STATEMENTS
        Tanggal 31 Desember 2025 dan untuk                                           As of December 31, 2025 and
     Tahun yang Berakhir pada Tanggal Tersebut                                         for the Year Then Ended
          (Disajikan dalam jutaan Rupiah,                                          (Expressed in millions of Rupiah,
              kecuali dinyatakan lain)                                                 unless otherwise stated)


1.   UMUM (lanjutan)                                                    1. GENERAL (continued)

     a.    Pendirian     Bank     dan   Informasi     Umum                     a.    Establishment of the Bank and General
           (lanjutan)                                                                Information (continued)

           Sesuai pasal 3 Anggaran Dasar, Bank didirikan                             According to Article 3 of the Bank's Articles of
           dengan maksud dan tujuan untuk berusaha di                                Association, the Bank’s scope of activities is to
           bidang bank umum. Untuk mencapai maksud                                   engage in general banking services. To achieve
           dan tujuan tersebut, Bank dapat melaksanakan                              such aims and objectives, the Bank may
           kegiatan usaha, antara lain sebagai berikut:                              conduct business activities, among others, as
           (lanjutan)                                                                follows: (continued)

           h.   Melakukan penempatan dana dari nasabah                               h.   Placing funds from customers to other
                kepada nasabah lainnya dalam bentuk                                       customers in the form of securities not
                surat-surat berharga yang tidak tercatat di                               listed on the Stock Exchange;
                Bursa Efek;

           i.   Membeli melalui pelelangan, agunan baik                              i.   Buying through auctions, collateral either in
                semua maupun sebagian dalam hal debitur                                   whole or in part in the event that the debtor
                tidak memenuhi kewajibannya kepada                                        does not fulfill its obligations to the Bank,
                Bank, dengan ketentuan agunan yang dibeli                                 provided that the purchased collateral shall
                tersebut wajib dijual secepatnya; dan                                     be disbursed as soon as possible; and

           j.   Melakukan kegiatan anjak piutang, usaha                              j.   Carry out factoring activities, credit card
                kartu kredit dan kegiatan wali amanat.                                    business and trustee activities.

           Bank memperoleh izin usaha sebagai Bank                                   The Bank obtained license to operate as
           Umum      berdasarkan     Surat    Keputusan                              commercial bank based on the Decision Letter
           Menteri    Keuangan      Republik   Indonesia                             of Ministry of Finance of the Republic Indonesia
           No. 77/KMK.017/1994 tanggal 10 Maret 1994                                 No. 77/KMK.017/1994 dated March 10, 1994
           dan Surat Keputusan Bank Indonesia                                        and on the Decision Letter of Bank Indonesia
           No. 27/65/UPBS/PBD2 tanggal 11 Mei 1994                                   No. 27/65/UPBS/PBD2 dated May 11, 1994
           perihal Pemberian Izin Usaha Bank Umum.                                   concerning Granting of Commercial Business
                                                                                     License.

           Entitas induk dari Bank Mandiri Taspen adalah                             The parent entity of Bank Mandiri Taspen is
           PT Bank Mandiri (Persero) Tbk yang merupakan                              PT Bank Mandiri (Persero) Tbk which is the
           pemegang saham Bank sebesar 51,10%.                                       Bank's shareholder of 51.10%. The ultimate
           Entitas induk terakhir Perseroan adalah                                   holding entity of The Company is PT Danantara
           PT Danantara Asset Management (Persero).                                  Asset Management (Persero).

     b.    Penawaran Umum Obligasi Bank                                    b.        The Public Offering of Bank’s Bonds

           Bank menerbitkan dan mendaftarkan Obligasi ke                             The Bank issued and registered Bonds on the
           Bursa Efek Indonesia sebagai berikut:                                     Indonesian Stock Exchange as follows:

          Obligasi/Bonds                            Tanggal terbit/Issue date                       Nilai nominal/Nominal value

          Obligasi I/ Bonds I                           12 Juli/July 12, 2017                                   2.000.000
          Berkelanjutan I tahap I/
          Continuing Bonds I Phase I           18 November/November 18, 2019                                    1.000.000
          Berkelanjutan I tahap II/
          Continuing Bonds I Phase II                  29 April/April 29, 2021                                  2.000.000
          Berkelanjutan II tahap I/
          Continuing Bonds II Phase I                    4 Juli/July 4, 2025                                    1.500.000




                                                               12
Page 870
                                                                             The original financial statements included herein are in
                                                                                                               Indonesian language.

            PT BANK MANDIRI TASPEN                                            PT BANK MANDIRI TASPEN
       CATATAN ATAS LAPORAN KEUANGAN                                     NOTES TO THE FINANCIAL STATEMENTS
        Tanggal 31 Desember 2025 dan untuk                                    As of December 31, 2025 and
     Tahun yang Berakhir pada Tanggal Tersebut                                  for the Year Then Ended
          (Disajikan dalam jutaan Rupiah,                                   (Expressed in millions of Rupiah,
              kecuali dinyatakan lain)                                          unless otherwise stated)


1.   UMUM (lanjutan)                                                 1. GENERAL (continued)

     b.   Penawaran Umum Obligasi Bank (lanjutan)                        b. The Public Offering of Bank’s Bonds
                                                                            (continued)

          Pada tanggal 21 Juni 2017, Bank memperoleh                          On June 21, 2017, the Bank obtained the
          pernyataan efektif dari Ketua Otoritas Jasa                         effective statement from the Chairman of
          Keuangan - Pasar Modal dengan suratnya                              Financial Services Authority - Capital Market
          No.    S-339/D.04/2017      untuk    melakukan                      through letter No. S-339/D.04/2017 for the
          penawaran umum Obligasi Bank Mandiri Taspen                         public offering of Bank Mandiri Taspen Pos
          Pos I Tahun 2017 dengan jumlah pokok sebesar                        Bonds I Year 2017 amounting to Rp2,000,000.
          Rp2.000.000. Pada tanggal 12 Juli 2017,                             On July 12, 2017, these bonds were listed on
          Obligasi tersebut telah dicatat pada Bursa Efek                     the Indonesia Stock Exchange.
          Indonesia.

          Pada tanggal 14 Oktober 2019, Bank                                  On October 14, 2019, the Bank obtained the
          memperoleh pernyataan efektif dari Ketua                            effective statement from the Chairman of
          Otoritas Jasa Keuangan - Pasar Modal dengan                         Financial Services Authority - Capital Market
          suratnya      No.   S-84/PB.311/2019     untuk                      through letter No. S-84/PB.311/2019 for issued
          menerbitkan dan mendaftarkan Obligasi                               and registered Continuing Bonds I Phase I
          Berkelanjutan I Tahap I tahun 2019 dengan                           Year 2019 amounting to Rp1,000,000. On
          jumlah pokok sebesar Rp1.000.000. Pada                              November 18, 2019, these bonds were listed on
          tanggal 18 November 2019, Obligasi tersebut                         the Indonesia Stock Exchange.
          telah dicatat pada Bursa Efek Indonesia.

          Pada tanggal 5 April 2021, Bank memperoleh                          On April 5, 2021, the Bank obtained the
          pernyataan efektif dari Ketua OJK dengan                            effective statement from the Chairman of OJK
          suratnya    No.    S-70/PB.311/2021     untuk                       through letter No. S-70/PB.311/2021 for issued
          menerbitkan dan mendaftarkan Obligasi                               and registered Continuing Bonds I Phase II
          Berkelanjutan I Tahap II tahun 2021 dengan                          Year 2021 amounting to Rp2,000,000. On
          jumlah pokok sebesar Rp2.000.000. Pada                              April 29, 2021, these bonds were listed on the
          tanggal 29 April 2021, Obligasi tersebut telah                      Indonesia Stock Exchange.
          dicatat pada Bursa Efek Indonesia.

          Pada tanggal 26 Juni 2025, Bank memperoleh                          On June 26, 2025, the Bank obtained the
          pernyataan efektif dari Ketua Otoritas Jasa                         effective statement from the Chairman of
          Keuangan - Pasar Modal dengan suratnya No.                          Financial Services Authority - Capital Market
          S-56/D.04/2025 untuk melakukan Penawaran                            through letter No. S-56/D.04/2025 for the public
          Umum Berkelanjutan II Obligasi Bank Mandiri                         offering of Bank Mandiri Taspen Continuing
          Taspen Tahap I Tahun 2025 dengan jumlah                             Bonds II Phase I Year 2025 amounting to
          pokok sebesar Rp1.500.000. Pada tanggal 4 Juli                      Rp1,500,000. On July 4, 2025, these bonds
          2025, Obligasi tersebut telah dicatat pada Bursa                    were listed on the Indonesia Stock Exchange.
          Efek Indonesia

     c.   Kantor Pusat dan Jaringan Bank                                c.    Head Office and Bank Network

          Kantor pusat Bank berlokasi di Graha Mandiri                        The Bank's head office is located at Graha
          Taspen Jalan Proklamasi No. 31, Jakarta. Pada                       Mandiri Taspen Jalan Proklamasi No. 31,
          tanggal 31 Desember 2025 dan 2024, Bank                             Jakarta. As of December 31, 2025 and 2024,
          memiliki jaringan kantor dengan rincian sebagai                     the Bank has office network with the following
          berikut (tidak diaudit):                                            details (unaudited):
                                         31 Desember 2025/        31 Desember 2024/
                                         December 31, 2025        December 31, 2024

          Kantor Pusat                                   1                          1                                Head Offices
          Kantor Fungsional Non
            Operasional                                  1                         1          Non-Operational Functional Offices
          Kantor Cabang                                 39                        39                                  Branches
          Kantor Cabang Pembantu                       250                       250                       Supporting Branches




                                                             13
Page 871
                                                                                                 The original financial statements included herein are in
                                                                                                                                   Indonesian language.

            PT BANK MANDIRI TASPEN                                                               PT BANK MANDIRI TASPEN
       CATATAN ATAS LAPORAN KEUANGAN                                                        NOTES TO THE FINANCIAL STATEMENTS
        Tanggal 31 Desember 2025 dan untuk                                                       As of December 31, 2025 and
     Tahun yang Berakhir pada Tanggal Tersebut                                                     for the Year Then Ended
          (Disajikan dalam jutaan Rupiah,                                                      (Expressed in millions of Rupiah,
              kecuali dinyatakan lain)                                                             unless otherwise stated)


1.   UMUM (lanjutan)                                                                    1. GENERAL (continued)
     d.   Dewan Komisaris, Direksi, dan Karyawan                                            d.    Boards of Commissioners, Directors, and
                                                                                                  Employees
          Susunan Dewan Komisaris Bank pada tanggal                                               The composition of Bank’s Board of
          31 Desember 2025 dan 2024 adalah sebagai                                                Commissioners as of December 31, 2025 and
          berikut:                                                                                2024 are as follows:
                                                 31 Desember 2025/                      31 Desember 2024/
                                                 December 31, 2025                      December 31, 2024

                                                                                                                  -              President Commissioner/
          Komisaris Utama/ Independen                   Junaidi Hisom****)                                                  Independent Commissioner
                                                                                                                   *)
          Komisaris Utama                                                  -                   Mustaslimah                        President Commissioner
                                                             Edi Eko                          Hendrika Nora
          Komisaris                                         Cahyono*****)                      Osloi Sinaga**)                               Commissioner
          Komisaris                                  Suhajar Diantoro***)                   Suhajar Diantoro***)                             Commissioner
          Komisaris Independen                        Boedi Armanto                           Boedi Armanto                      Independent Commissioner
          Komisaris Independen                               Marjana******)                                -                     Independent Commissioner
          Komisaris Independen                             Suwartini******)                                -                     Independent Commissioner
          Komisaris Independen                             Prasetio******)                                 -                     Independent Commissioner
          *)        telah diberhentikan dengan hormat sebagai Komisaris Utama                     *)      was honorably discharged as President Commissioner pursuant to
                    sesuai Keputusan Sirkuler Pemegang Saham pada tanggal 4                               the Circular Resolution of Shareholders dated December 4, 2025.
                    Desember 2025.

          **)       telah diberhentikan dengan hormat sebagai Komisaris sesuai                    **)     was honorably discharged as Commissioner pursuant to the
                    Keputusan Sirkuler Pemegang Saham pada tanggal 25                                     Circular Resolution of Shareholders dated September 25, 2025.
                    September 2025.

          ***)      telah diangkat sebagai Komisaris Independen sesuai Keputusan                  ***)    was appointed as Independent Commissioner pursuant to the
                    Sirkuler Pemegang Saham pada tanggal 27 Juni 2023 dan                                 Circular Resolution of Shareholders dated June 27, 2023, and was
                    dialihtugaskan menjadi Komisaris berdasarkan Keputusan                                reassigned as Commissioner based on the Circular Resolution of
                    Sirkuler Pemegang Saham pada 27 Juni 2024, efektif setelah                            Shareholders dated June 27, 2024, effective upon obtaining
                    mendapatkan persetujuan dari OJK atas Penilaian Kemampuan                             approval from the OJK for the Fit and Proper Test.
                    dan Kepatutan.

          ****)     telah diangkat sebagai Komisaris Utama sesuai dengan                          ****)   was appointed as President Commissioner pursuant to the
                    Keputusan Sirkuler Pemegang Saham pada tanggal 4 Desember                             Circular Resolution of Shareholders dated December 4, 2025,
                    2025, efektif setelah mendapat persetujuan dari OJK atas                              effective upon obtaining approval from the OJK for the Fit and
                    penilaian kemampuan dan kepatutan.                                                    Proper Test.

          *****)    telah diangkat sebagai Komisaris sesuai dengan Keputusan                      *****) was appointed as Commissioner pursuant to the Circular
                    Sirkuler Pemegang Saham pada tanggal 4 Desember 2025,                                Resolution of Shareholders dated December 4, 2025, effective
                    efektif setelah mendapat persetujuan dari OJK atas penilaian                         upon obtaining approval from the OJK for the Fit and Proper Test.
                    kemampuan dan kepatutan.

          ******)   telah diangkat sebagai Komisaris Independen sesuai dengan                     ******) was appointed as Independent Commissioner pursuant to the
                    Keputusan Sirkuler Pemegang Saham pada tanggal 4 Desember                             Circular Resolution of Shareholders dated December 4, 2025,
                    2025, efektif setelah mendapat persetujuan dari OJK atas                              effective upon obtaining approval from the OJK for the Fit and
                    penilaian kemampuan dan kepatutan.                                                    Proper Test.

          Susunan  Direksi   Bank   pada   tanggal                                                The composition of the Bank’s Board of
          31 Desember 2025 dan 2024 adalah sebagai                                                Directors as of December 31, 2025 and 2024
          berikut:                                                                                are as follows:
                                                      31 Desember 2025/              31 Desember 2024/
                                                      December 31, 2025              December 31, 2024

                                                                                     Elmamber Petamu
          Direktur Utama                                   Panji Irawan***)                    Sinaga*)                                   President Director
          Wakil Direktur Utama                        Rudi As Aturridha****)                        -                                Vice President Director
          Direktur Compliance &                                                                                                           Compliance &
             Human Resource                                 Rio Lanasier*****)                            -                        Human Resource Director
                                                                 Henrisa
          Direktur IT & Digital                             Yunan Lubis*****)            Widi Nugroho**)                                   IT & Digital Director
          Direktur Keuangan & Risk                         Rima Cahyani*****)                       -                                  Finance & Risk Director
                                                               Mahrauza
          Direktur Business                                   Purnaditya*****)        Maswar Purnama**)                                 Business Director
          Direktur Funding                                   Rizky Olyvia                                                               Funding (Retail &
             (Retail & Network)                                 Nasution*****)                            -                         Network) Director
          Direktur Transformasi&                                    Noer                                                                Transformation &
             Pengembangan usaha                             Fajrieansyah *****)                           -             Business Development Director
          Direktur Finance                                                                                                                Finance Risk &
             Risk & Operations                                              -           Putu Apriyanto**)                         Operations Director
          Direktur Compliance &                                                                                                            Compliance &
             Control                                                       -                 Resi Lora **)                           Control Director

                                                                                14
Page 872
                                                                                                  The original financial statements included herein are in
                                                                                                                                    Indonesian language.

            PT BANK MANDIRI TASPEN                                                                 PT BANK MANDIRI TASPEN
       CATATAN ATAS LAPORAN KEUANGAN                                                          NOTES TO THE FINANCIAL STATEMENTS
        Tanggal 31 Desember 2025 dan untuk                                                         As of December 31, 2025 and
     Tahun yang Berakhir pada Tanggal Tersebut                                                       for the Year Then Ended
          (Disajikan dalam jutaan Rupiah,                                                        (Expressed in millions of Rupiah,
              kecuali dinyatakan lain)                                                               unless otherwise stated)


1.   UMUM (lanjutan)                                                                     1. GENERAL (continued)

     d.   Dewan Komisaris, Direksi, dan Karyawan                                             d.    Boards of Commissioners, Directors, and
          (lanjutan)                                                                               Employees (continued)
          *)      telah mengundurkan diri sebagai Direktur Utama pada 27 Juni 2025                 *)      resigned from the position of President Director on June 27, 2025,
                  dan ditetapkan melalui Keputusan Sirkuler Pemegang Saham pada                            as stipulated by the Circular Resolution of Shareholders dated
                  25 September 2025.                                                                       September 25, 2025.

          **)     telah diberhentikan dengan hormat sebagai Direktur sesuai                        **)     was honorably discharged from the position of Director in
                  Keputusan Sirkuler Pemegang Saham pada tanggal 4 Desember                                accordance with the Circular Resolution of Shareholders dated
                  2025.                                                                                    December 4, 2025.

          ***)    telah diangkat sebagai Direktur Utama sesuai Keputusan Sirkuler                  ***)    was appointed as President Director in accordance with the
                  Pemegang Saham pada tanggal 4 Desember 2025, efektif setelah                             Circular Resolution of Shareholders dated December 4, 2025,
                  mendapatkan persetujuan dari OJK atas Penilaian Kemampuan dan                            effective upon obtaining approval from the Financial Services
                  Kepatutan.                                                                               Authority (OJK) for the Fit and Proper Test.

          ****)   telah diangkat sebagai Wakil Direktur Utama sesuai Keputusan                     ****)   Was appointed as Vice President Director pursuant to the Circular
                  Sirkuler Pemegang Saham pada tanggal 4 Desember 2025, efektif                            Resolution of Shareholders dated December 4, 2025, effective
                  setelah mendapatkan persetujuan dari OJK atas Penilaian                                  upon obtaining approval from the OJK for the Fit and Proper Test.
                  Kemampuan dan Kepatutan.

          *****) telah diangkat sebagai Direktur sesuai Keputusan Sirkuler                         ****)   Was appointed as Director pursuant to the Circular Resolution of
                 Pemegang Saham pada tanggal 4 Desember 2025, efektif setelah                              Shareholders dated December 4, 2025, effective upon obtaining
                 mendapatkan persetujuan dari OJK atas Penilaian Kemampuan dan                             approval from the OJK for the Fit and Proper Test.
                 Kepatutan.


          Pada tanggal 31 Desember 2025 dan 2024,                                                 As of December 31, 2025 and 2024, the
          Sekretaris Perusahaan adalah Errinto Sahat                                              Corporate Secretary is Errinto Sahat Pahala.
          Pahala.
          Pada tanggal 31 Desember 2025 dan 2024,                                                 As of December 31, 2025 and 2024, the Bank
          Bank memiliki karyawan dengan komposisi                                                 has employees with the following compositions
          sebagai berikut (tidak diaudit):                                                        (unaudited):
                                                        31 Desember 2025/            31 Desember 2024/
                                                        December 31, 2025            December 31, 2024

          Karyawan tetap                                                  2.744                     2.657                                Permanent employees
          Karyawan kontrak                                                  800                       740                                  Contract employees

           Total                                                          3.544                     3.397                                                       Total


     e.   Komite-Komite Bank                                                                  e. Bank’s Committees

          Pada tanggal 31 Desember 2025 dan 2024,                                                 As of December 31, 2025 and 2024, the
          susunan Komite Audit adalah sebagai berikut:                                            composition of the Audit Committee is as
                                                                                                  follows:
                                                  31 Desember 2025/                      31 Desember 2024/
                                                  December 31, 2025                      December 31, 2024

          Ketua                                             Boedi Armanto                         Boedi Armanto                                           Chairman
          Anggota                                   Rety Listya Handayani                 Rety Listya Handayani                                            Member
          Anggota                                     Agus Slamet Riyadi                    Agus Slamet Riyadi                                             Member

          Pada tanggal 31 Desember 2025 dan 2024,                                                 As of December 31, 2025 and 2024, the
          susunan Komite Remunerasi dan Nominasi                                                  composition of the Remuneration and
          adalah sebagai berikut:                                                                 Nomination Committee is as follows:

                                                  31 Desember 2025/                      31 Desember 2024/
                                                  December 31, 2025                      December 31, 2024

          Ketua                                                           -                                      -                                        Chairman
          Anggota                                                         -                         Mustaslimah                                            Member
          Anggota                                                         -          Hendrika Nora Osloi Sinaga                                            Member
          Anggota                                          Boedi Armanto                         Boedi Armanto                                             Member
                                                   Head of Human Capital                Head of Human Capital
          Anggota                                     Division (ex officio)                  Division (ex officio)                                          Member




                                                                                15
Page 873
                                                                           The original financial statements included herein are in
                                                                                                             Indonesian language.

            PT BANK MANDIRI TASPEN                                         PT BANK MANDIRI TASPEN
       CATATAN ATAS LAPORAN KEUANGAN                                  NOTES TO THE FINANCIAL STATEMENTS
        Tanggal 31 Desember 2025 dan untuk                                 As of December 31, 2025 and
     Tahun yang Berakhir pada Tanggal Tersebut                               for the Year Then Ended
          (Disajikan dalam jutaan Rupiah,                                (Expressed in millions of Rupiah,
              kecuali dinyatakan lain)                                       unless otherwise stated)


2.   IKHTISAR INFORMASI KEBIJAKAN AKUNTANSI                      2.   SUMMARY OF MATERIAL                        ACCOUNTING
     YANG MATERIAL                                                    POLICIES INFORMATION

     a.   Pernyataan    atas    Penyusunan      Laporan               a.    Statement         of     Financial        Statement
          Keuangan                                                          Preparation

          Laporan keuangan disusun dan disajikan sesuai                     The financial statements have been prepared
          dengan Standar Akuntansi Keuangan di                              and presented in accordance with Indonesian
          Indonesia, yang mencakup Pernyataan dan                           Financial Accounting Standards, which include
          Interpretasi yang dikeluarkan oleh Dewan                          the Statements and Interpretations issued by
          Standar Akuntansi Keuangan Ikatan Akuntan                         the Indonesian Accounting Standards Board
          Indonesia (DSAK-IAI) dan peraturan Bapepam-                       (DSAK-IAI) and Indonesian Capital Market
          LK No. VIII.G.7 lampiran keputusan Ketua                          Supervisory Agency (Bapepam-LK) Regulation
          Bapepam-LK No. KEP-347/BL/2012 tanggal                            No. VIII.G.7 appendix of the Decision of the
          25 Juni 2012 tentang “Pedoman atas Penyajian                      Chairman     of    Bapepam-LK    No.    KEP-
          dan Pengungkapan Laporan Keuangan Emiten                          347/BL/2012 dated June 25, 2012 regarding the
          atau Perusahaan Publik”.                                          “Guidelines     on    Financial   Statements
                                                                            Presentations and Disclosures for Issuers or
                                                                            Public Companies”.

     b.   Dasar Penyajian Laporan Keuangan                            b.    Basis of Presentation of The Financial
                                                                            Statements

          Laporan keuangan disusun berdasarkan harga                        The financial statements have been prepared
          perolehan, kecuali untuk aset keuangan yang                       under the historical cost, except for financial
          diukur pada nilai wajar melalui penghasilan                       assets       at     fair   value   through      other
          komprehensif lain dan aset serta liabilitas                       comprehensive income and financial assets and
          keuangan yang diukur pada nilai wajar melalui                     liabilities at fair value through profit or loss. The
          laba rugi. Laporan keuangan disusun                               financial statements are prepared under the
          berdasarkan akuntansi berbasis akrual, kecuali                    accrual basis of accounting, except for the
          laporan arus kas.                                                 statement of cash flows.

          Laporan      arus    kas     disusun   dengan                     The statement of cash flows are prepared by
          menggolongkan transaksi ke dalam aktivitas                        classifying transactions into operating, investing
          operasi, investasi dan pendanaan. Laporan arus                    and financing activities. The statement of cash
          kas disusun menggunakan metode langsung.                          flows are prepared using the direct method. For
          Untuk penyajian laporan arus kas, kas dan                         the statement of cash flows, cash and cash
          setara kas terdiri dari kas, giro pada Bank                       equivalents consist of cash, current accounts
          Indonesia, giro pada bank lain, dan investasi                     with Bank Indonesia, current accounts with
          jangka pendek likuid lainnya dengan jangka                        other banks, and other short-term liquid
          waktu 3 (tiga) bulan atau kurang sejak tanggal                    investments with maturities of 3 (three) months
          perolehan yang tidak digunakan sebagai                            or less from the acquisition date which are not
          jaminan atau tidak dibatasi penggunaannya.                        used as collateral nor restricted to use.

          Pos-pos dalam penghasilan komprehensif lain                       The items under other comprehensive income
          disajikan terpisah antara akun-akun yang akan                     are presented separately between ítems to be
          direklasifikasi ke laba rugi dan akun-akun yang                   reclassified to profit or loss and those items not
          tidak akan direklasifikasikan ke laba rugi.                       to be reclassified to profit or loss.

          Penyusunan laporan keuangan sesuai dengan                         The preparation of financial statements in
          Standar Akuntansi Keuangan di Indonesia                           accordance      with   Indonesian     Financial
          mengharuskan penggunaan estimasi dan                              Accounting Standards requires the use of
          asumsi. Hal tersebut juga mengharuskan                            estimates and assumptions. It also requires
          manajemen untuk membuat pertimbangan                              management to make judgments in the process
          dalam proses penerapan kebijakan akuntansi.                       of applying accounting policies. The areas that
          Area yang kompleks atau memerlukan tingkat                        are complex or require higher level of
          pertimbangan yang lebih tinggi atau area di                       consideration or areas where assumptions and
          mana asumsi dan estimasi dapat berdampak                          estimates could have a significant impact on
          signifikan   terhadap   laporan   keuangan                        financial statements are disclosed in Note 3
          diungkapkan     di   Catatan    3  “Sumber                        “Use of Critical Accounting Estimates and
          Ketidakpastian Estimasi dan Pertimbangan                          Judgements”.
          Akuntansi”.




                                                            16
Page 874
                                                                            The original financial statements included herein are in
                                                                                                              Indonesian language.

            PT BANK MANDIRI TASPEN                                           PT BANK MANDIRI TASPEN
       CATATAN ATAS LAPORAN KEUANGAN                                    NOTES TO THE FINANCIAL STATEMENTS
        Tanggal 31 Desember 2025 dan untuk                                   As of December 31, 2025 and
     Tahun yang Berakhir pada Tanggal Tersebut                                 for the Year Then Ended
          (Disajikan dalam jutaan Rupiah,                                  (Expressed in millions of Rupiah,
              kecuali dinyatakan lain)                                         unless otherwise stated)


2.   IKHTISAR INFORMASI KEBIJAKAN AKUNTANSI                       2.   SUMMARY OF MATERIAL ACCOUNTING
     YANG MATERIAL (lanjutan)                                          POLICIES INFORMATION (continued)

     b.   Dasar     Penyajian     Laporan      Keuangan                b.    Basis of Presentation of The Financial
          (lanjutan)                                                         Statements (continued)

          Mata uang penyajian yang digunakan dalam                           The presentation currency used in these
          laporan keuangan adalah mata uang Rupiah,                          financial statements is Indonesian Rupiah,
          yang juga merupakan mata uang fungsional                           which is also the functional currency of the Bank.
          Bank.

     c.   Aset dan Liabilitas Keuangan                                 c.    Financial Assets and Liabilities

          i.   Aset Keuangan                                                 i.   Financial Assets

               Bank mengklasifikasikan aset keuangannya                           The Bank classifies its financial assets in the
               dalam kategori (a) aset keuangan yang                              following categories of (a) financial assets at
               diukur pada nilai wajar melalui laba rugi,                         fair value through profit or loss, (b) financial
               (b) aset keuangan yang diukur pada nilai                           assets at fair value through other
               wajar penghasilan komprehensif lainnya,                            comprehensive income, and (c) financial
               dan (c) aset keuangan yang diukur pada                             assets at amortized cost. Bank uses 2 (two)
               biaya    perolehan    diamortisasi. Bank                           bases for classifying financial assets, namely
               menggunakan 2 (dua) dasar untuk                                    the Bank's business model in managing
               mengklasifikasikan aset keuangan yaitu                             financial assets and the characteristics of the
               model bisnis Bank dalam mengelola aset                             contractual cash flow of principal and interest
               keuangan dan karakteristik arus kas                                payments (solely payment of principal and
               kontraktual pembayaran pokok dan bunga                             interest (SPPI)) of financial assets.
               (solely payment of principal and interest
               (SPPI)) dari aset keuangan.

               Pengujian SPPI                                                     SPPI Test

               Sebagai langkah pertama dari proses                                As the first step of the classification process,
               klasifikasi, Bank menilai persyaratan                              the Bank assesses the financial contractual
               kontraktual        keuangan       untuk                            requirements to identify whether they meet
               mengidentifikasi apakah mereka memenuhi                            the SPPI testing.
               pengujian SPPI.
               Pokok pinjaman untuk tujuan pengujian ini                          The loan principal for testing purposes is
               didefinisikan sebagai nilai wajar dari aset                        defined as the fair value of the financial asset
               keuangan pada pengakuan awal dan dapat                             at initial recognition and is subject to change
               berubah selama umur aset keuangan                                  over the life of the financial asset (for
               (misalnya, jika ada pembayaran pokok atau
               amortisasi premi/diskon).                                          example, if there are principal payments or
                                                                                  amortization of premium/discount).

               Elemen bunga yang paling signifikan dalam                          The most significant element of interest in a
               perjanjian    kredit    biasanya     adalah                        loan agreement is usually a consideration of
               pertimbangan atas nilai waktu dari uang dan                        the time value of money and credit risk. To
               risiko kredit. Untuk membuat penilaian                             make an SPPI test, the Bank applies
               SPPI, Bank menerapkan pertimbangan dan                             considerations and takes into account
               memperhatikan faktor-faktor yang relevan                           relevant factors such as the currency in which
               seperti mata uang dimana aset keuangan                             the financial asset is denominated and the
               didenominasikan dan periode pada saat                              period when the interest rate is set.
               suku bunga ditetapkan.




                                                             17
Page 875
                                                                             The original financial statements included herein are in
                                                                                                               Indonesian language.

            PT BANK MANDIRI TASPEN                                            PT BANK MANDIRI TASPEN
       CATATAN ATAS LAPORAN KEUANGAN                                     NOTES TO THE FINANCIAL STATEMENTS
        Tanggal 31 Desember 2025 dan untuk                                    As of December 31, 2025 and
     Tahun yang Berakhir pada Tanggal Tersebut                                  for the Year Then Ended
          (Disajikan dalam jutaan Rupiah,                                   (Expressed in millions of Rupiah,
              kecuali dinyatakan lain)                                          unless otherwise stated)


2.   IKHTISAR INFORMASI KEBIJAKAN AKUNTANSI                        2.   SUMMARY OF MATERIAL ACCOUNTING
     YANG MATERIAL (lanjutan)                                           POLICIES INFORMATION (continued)

     c.   Aset dan Liabilitas Keuangan (lanjutan)                       c.    Financial Assets and Liabilities (continued)

          i.   Aset Keuangan (lanjutan)                                       i.   Financial Assets (continued)

               Pengujian SPPI (lanjutan)                                           SPPI Test (continued)

               Sebaliknya, persyaratan kontraktual yang                            Conversely, contractual terms that provide
               memberikan eksposur lebih dari de minimis                           more than de minimis exposure to risk or
               atas risiko atau volatilitas dalam arus kas                         volatility in contractual cash flows that are
               kontraktual yang tidak terkait dengan dasar                         not related to the basis of the loan
               pengaturan pinjaman, tidak menimbulkan                              arrangement, do not generate SPPI's
               arus kas kontraktual SPPI atas jumlah                               contractual cash flows on the total balance.
               saldo. Dalam kasus seperti itu, aset                                In such cases, financial assets are required
               keuangan diharuskan untuk diukur pada                               to be measured at fair value through profit
               nilai wajar melalui laba rugi (fair value                           or loss (FVTPL).
               through profit or loss (FVTPL)).

               Penilaian Model Bisnis                                              Business Model Assessment

               Bank    menentukan      model   bisnisnya                           The Bank determines its business model
               berdasarkan     tingkat    yang    paling                           based on the level that best reflects how the
               mencerminkan bagaimana Bank mengelola                               Bank manages its group of financial assets
               kelompok    aset    keuangannya     untuk                           to achieve its business objectives.
               mencapai tujuan bisnisnya.

               Model bisnis Bank tidak dinilai berdasarkan                         The Bank's business model is not assessed
               masing-masing instrumennya, tetapi pada                             based on each of its instruments, but at a
               tingkat portofolio secara agregat yang lebih                        higher aggregate portfolio level and is
               tinggi dan didasarkan pada faktor-faktor                            based on observable factors such as:
               yang dapat diamati seperti:

               -   Bagaimana kinerja model bisnis dan                              -    How is the performance of the
                   aset keuangan yang dimiliki dalam                                    business model and the financial
                   model bisnis tersebut dievaluasi dan                                 assets held in the business model are
                   dilaporkan     kepada       personel                                 evaluated and reported to key
                   manajemen kunci;                                                     management personnel;

               -   Risiko yang mempengaruhi kinerja                                -    Risks that affect the performance of
                   model bisnis (dan aset keuangan yang                                 the business model (and the financial
                   dimiliki dalam model bisnis tersebut)                                assets held under that business
                   dan, khususnya, bagaimana cara risiko                                model) and, in particular, how those
                   tersebut dikelola;                                                   risks are managed;

               -   Bagaimana para manajer bisnis                                   -    How      business    managers       are
                   dikompensasi      (misalnya,     apakah                              compensated (for example, whether
                   kompensasi didasarkan pada nilai                                     compensation is based on the fair
                   wajar dari aset yang dikelola atau pada                              value of assets under management or
                   arus kas kontraktual yang tertagih);                                 on contractual cash flows collectible);

               -   Frekuensi, nilai, dan waktu penjualan                           -    The expected frequency, value and
                   yang diharapkan, juga merupakan                                      timing of sales are also important
                   aspek penting dari penilaian Bank.                                   aspects of the Bank's assessment.




                                                              18
Page 876
                                                                                The original financial statements included herein are in
                                                                                                                  Indonesian language.

            PT BANK MANDIRI TASPEN                                               PT BANK MANDIRI TASPEN
       CATATAN ATAS LAPORAN KEUANGAN                                        NOTES TO THE FINANCIAL STATEMENTS
        Tanggal 31 Desember 2025 dan untuk                                       As of December 31, 2025 and
     Tahun yang Berakhir pada Tanggal Tersebut                                     for the Year Then Ended
          (Disajikan dalam jutaan Rupiah,                                      (Expressed in millions of Rupiah,
              kecuali dinyatakan lain)                                             unless otherwise stated)


2.   IKHTISAR INFORMASI KEBIJAKAN AKUNTANSI                           2.   SUMMARY OF MATERIAL ACCOUNTING
     YANG MATERIAL (lanjutan)                                              POLICIES INFORMATION (continued)

     c.   Aset dan Liabilitas Keuangan (lanjutan)                          c.    Financial Assets and Liabilities (continued)

          i.   Aset Keuangan (lanjutan)                                          i.   Financial Assets (continued)

               Penilaian Model Bisnis (lanjutan)                                      Business Model Assessment (continued)

               Penilaian model bisnis didasarkan pada                                 The assessment of a business model is
               skenario yang diharapkan secara wajar                                  based on a fairly expected scenario without
               tanpa mempertimbangkan skenario “worst                                 considering the “worst case” or “stress
               case” atau “stress case”. Jika arus kas                                case” scenarios. If the post-recognition
               setelah pengakuan awal direalisasikan                                  cash flows are realized in a different
               dengan cara yang berbeda dari yang awal                                manner than originally expected, the Bank
               diharapkan,    Bank    tidak     mengubah                              does not change the classification of the
               klasifikasi aset keuangan dimiliki yang                                remaining financial assets in such business
               tersisa dalam model bisnis tersebut, tetapi                            model, but includes that information in
               memasukkan informasi tersebut dalam                                    assessing new or recently purchased
               melakukan penilaian atas aset keuangan                                 financial assets.
               yang baru atau yang baru dibeli setelahnya.

               a.   Aset Keuangan yang Diukur pada                                    a.   Financial Assets at Fair Value
                    Nilai Wajar melalui Laba Rugi                                          through Profit or Loss

                    Aset keuangan diukur pada nilai wajar                                  Financial assets are measured at fair
                    melalui laba rugi kecuali tes model                                    value through profit or loss unless
                    bisnis dan tes arus kas kontraktual                                    tests of business model and
                    menunjukkan bahwa aset keuangan                                        contractual cash flow tests show that
                    masuk ke dalam klasifikasian diukur                                    financial assets are classified at
                    pada biaya perolehan diamortisasi atau                                 amortized cost or fair value through
                    nilai  wajar   melalui penghasilan                                     other comprehensive income.
                    komprehensif lain.

                    Klasifikasi ini ditujukan untuk instrumen                              This classification is intended for
                    keuangan        yang      dimiliki   untuk                             financial instruments held for trading
                    diperdagangkan atau pada saat                                          or at initial recognition determined by
                    pengakuan awal telah ditetapkan oleh                                   the Bank to be measured at fair value
                    Bank untuk diukur pada nilai wajar                                     through profit or loss.
                    melalui laba rugi.

                    Aset keuangan yang dikategorikan                                       Financial assets that are categorized
                    sebagai dimiliki untuk diperdagangkan                                  as held for trading if they are acquired
                    jika diperoleh atau dimiliki terutama                                  or held primarily for the purpose of
                    untuk tujuan dijual atau dibeli kembali                                selling or repurchasing in the near
                    dalam     waktu dekat       atau   jika                                future or if they are part of a specific
                    merupakan bagian dari portofolio                                       portfolio of jointly managed financial
                    instrumen keuangan tertentu yang                                       instruments and there is evidence
                    dikelola Bersama dan terdapat bukti                                    of recent short-term profit-taking
                    mengenai pola ambil untung dalam                                       patterns.
                    jangka pendek yang terkini.




                                                                 19
Page 877
                                                                              The original financial statements included herein are in
                                                                                                                Indonesian language.

            PT BANK MANDIRI TASPEN                                             PT BANK MANDIRI TASPEN
       CATATAN ATAS LAPORAN KEUANGAN                                      NOTES TO THE FINANCIAL STATEMENTS
        Tanggal 31 Desember 2025 dan untuk                                     As of December 31, 2025 and
     Tahun yang Berakhir pada Tanggal Tersebut                                   for the Year Then Ended
          (Disajikan dalam jutaan Rupiah,                                    (Expressed in millions of Rupiah,
              kecuali dinyatakan lain)                                           unless otherwise stated)


2.   IKHTISAR INFORMASI KEBIJAKAN AKUNTANSI                         2.   SUMMARY OF MATERIAL ACCOUNTING
     YANG MATERIAL (lanjutan)                                            POLICIES INFORMATION (continued)

     c.   Aset dan Liabilitas Keuangan (lanjutan)                        c.    Financial Assets and Liabilities (continued)

          i.   Aset Keuangan (lanjutan)                                        i.   Financial Assets (continued)

               a.   Aset Keuangan yang Diukur pada                                  a.   Financial Assets at Fair Value
                    Nilai Wajar melalui Laba Rugi                                        through Profit or Loss (continued)
                    (lanjutan)

                    Instrumen        keuangan        yang                                Financial instruments classified into
                    dikelompokkan ke dalam kategori ini                                  this category are recognized at fair
                    diakui pada nilai wajarnya pada saat                                 value at initial recognition, transaction
                    pengakuan awal, biaya transaksi diakui                               costs are recognized directly in the
                    secara langsung ke dalam laporan laba                                statement of profit or loss and other
                    rugi dan penghasilan komprehensif                                    comprehensive income. Gains and
                    lain. Keuntungan dan kerugian yang                                   losses arising from changes in fair
                    timbul dari perubahan nilai wajar,                                   value, sale of financial instruments
                    penjualan instrumen keuangan dan                                     and interest income on financial
                    pendapatan bunga dari instrumen                                      instruments held for trading are
                    keuangan        dalam       kelompok                                 recognized in the statement of profit or
                    diperdagangkan diakui di dalam                                       loss and other comprehensive income.
                    laporan laba rugi dan penghasilan
                    komprehensif lain.

               b.   Aset Keuangan yang Diukur pada                                  b.   Financial Assets at Fair Value
                    Nilai Wajar melalui Penghasilan                                      through Other Comprehensive
                    Komprehensif Lain                                                    Income

                    Aset keuangan yang diukur pada nilai                                 Financial assets measured at fair
                    wajar        melalui      penghasilan                                value through other comprehensive
                    komprehensif lain merupakan aset                                     income are financial assets that are
                    keuangan dikelola dalam model bisnis                                 managed in a business model whose
                    yang tujuannya akan terpenuhi dengan                                 objectives will be fulfilled by obtaining
                    mendapatkan arus kas kontraktual dan                                 contractual cash flows and selling
                    menjual aset keuangan. Arus kas                                      financial assets. Cash flow contractual
                    kontraktual dari aset keuangan yang                                  of financial assets which on a certain
                    pada tanggal tertentu hanya dari                                     date solely payment from principal and
                    pembayaran pokok dan bunga (“SPPI”)                                  interest (“SPPI”) of the outstanding
                    dari jumlah pokok terutang.                                          principal.

                    Pada saat pengakuan awalnya, aset                                    At    initial  recognition,   financial
                    keuangan yang diukur pada nilai wajar                                instruments measured at fair value
                    melalui penghasilan komprehensif lain                                through other comprehensive income
                    diakui pada nilai wajarnya ditambah                                  are recognised at fair value plus
                    biaya transaksi (jika ada) dan                                       transaction costs (if any) and
                    selanjutnya diukur pada nilai wajarnya                               subsequently measured at fair value
                    dimana keuntungan atau kerugian atas                                 where gains or losses on changes in
                    perubahan nilai wajar, keuntungan atau                               fair value, gains or losses on foreign
                    kerugian atas selisih kurs, dan kerugian                             exchange, and impairment losses are
                    penurunan nilai, diakui sebagai                                      recognised as other comprehensive
                    penghasilan komprehensif lain.                                       income.




                                                               20
Page 878
                                                                                   The original financial statements included herein are in
                                                                                                                     Indonesian language.

            PT BANK MANDIRI TASPEN                                                  PT BANK MANDIRI TASPEN
       CATATAN ATAS LAPORAN KEUANGAN                                           NOTES TO THE FINANCIAL STATEMENTS
        Tanggal 31 Desember 2025 dan untuk                                          As of December 31, 2025 and
     Tahun yang Berakhir pada Tanggal Tersebut                                        for the Year Then Ended
          (Disajikan dalam jutaan Rupiah,                                         (Expressed in millions of Rupiah,
              kecuali dinyatakan lain)                                                unless otherwise stated)


2.   IKHTISAR INFORMASI KEBIJAKAN AKUNTANSI                              2.   SUMMARY OF MATERIAL ACCOUNTING
     YANG MATERIAL (lanjutan)                                                 POLICIES INFORMATION (continued)
     c.   Aset dan Liabilitas Keuangan (lanjutan)                             c.    Financial Assets and Liabilities (continued)
          i.    Aset Keuangan (lanjutan)                                            i.    Financial Assets (continued)
                c.   Aset Keuangan yang Diukur pada                                       c.   Financial Assets at Amortized Cost
                     Biaya Perolehan Diamortisasi
                     Aset keuangan yang diukur pada biaya                                      Financial assets are measured at
                     perolehan diamortisasi jika aset                                          amortized cost if the financial assets
                     keuangan dikelola dalam model bisnis                                      are managed in a business model that
                     yang bertujuan untuk memiliki aset                                        aims to hold financial assets in order
                     keuangan dalam rangka mendapatkan                                         to obtain contractual cash flows and
                     arus kas kontraktual dan persyaratan                                      the contractual terms of the financial
                     kontraktual dari aset keuangan yang                                       assets which at a certain date increase
                     pada tanggal tertentu meningkatkan                                        cash flows that are solely from
                     arus kas yang semata dari pembayaran                                      payments of principal and interest of
                     pokok dan bunga (solely payments of                                       the principal amount owed.
                     principal and interest) dari jumlah
                     pokok terutang.
                     Pada saat pengakuan awal, aset                                            At initial recognition, financial assets
                     keuangan yang diukur pada biaya                                           measured at amortized cost are
                     perolehan diamortisasi diakui pada                                        recognized at fair value plus
                     nilai wajarnya ditambah biaya transaksi                                   transaction costs and subsequently
                     dan selanjutnya diukur pada biaya                                         measured at amortized cost using the
                     perolehan      diamortisasi     dengan                                    effective interest rate.
                     menggunakan suku bunga efektif.
                     Pendapatan bunga dari aset keuangan                                       Interest income on financial assets
                     yang diukur pada biaya perolehan                                          measured at amortized cost is
                     diamortisasi dicatat dalam laporan laba                                   recorded in the statements of profit or
                     rugi dan diakui sebagai “Pendapatan                                       loss and recognized as “Interest
                     bunga”.                                                                   income”.
                     Ketika penurunan nilai terjadi, kerugian                                  When an impairment loss occurs, the
                     penurunan    nilai   diakui      sebagai                                  impairment loss is recognized as
                     pengurang dari nilai tercatat aset                                        a deduction from the carrying amount
                     keuangan dan diakui di dalam laporan                                      of the financial asset and recognized
                     posisi keuangan sebagai “Cadangan                                         in the statement of financial positions
                     kerugian penurunan nilai”.                                                as “Allowance for impairment losses”.
          ii.   Liabilitas Keuangan                                                 ii.   Financial Liabilities
                Bank       mengklasifikasikan          liabilitas                         The Bank classifies its financial liabilities in
                keuangan dalam kategori (a) liabilitas                                    the category of (a) financial liabilities at fair
                keuangan yang diukur pada nilai wajar                                     value through profit or loss and
                melalui laba rugi dan (b) liabilitas keuangan                             (b) financial liabilities measured at
                yang diukur dengan biaya perolehan                                        amortized cost.
                diamortisasi.

                a.   Liabilitas Keuangan yang Diukur                                      a.   Financial Liabilities at Fair Value
                     pada Nilai Wajar melalui Laba Rugi                                        through Profit or Loss

                     Kategori      ini   terdiri  dari     dua                                 This category comprises two sub-
                     sub-kategori:     liabilitas  keuangan                                    categories:        financial   liabilities
                     diklasifikasikan                sebagai                                   classified as held for trading, and
                     diperdagangkan          dan     liabilitas                                financial liabilities designated by the
                     keuangan yang pada saat pengakuan                                         Bank as fair value through profit or loss
                     awal telah ditetapkan oleh Bank untuk                                     upon initial recognition.
                     diukur pada nilai wajar melalui laba
                     rugi.

                                                                    21
Page 879
                                                                                 The original financial statements included herein are in
                                                                                                                   Indonesian language.

            PT BANK MANDIRI TASPEN                                               PT BANK MANDIRI TASPEN
       CATATAN ATAS LAPORAN KEUANGAN                                        NOTES TO THE FINANCIAL STATEMENTS
        Tanggal 31 Desember 2025 dan untuk                                       As of December 31, 2025 and
     Tahun yang Berakhir pada Tanggal Tersebut                                     for the Year Then Ended
          (Disajikan dalam jutaan Rupiah,                                      (Expressed in millions of Rupiah,
              kecuali dinyatakan lain)                                             unless otherwise stated)


2.   IKHTISAR INFORMASI KEBIJAKAN AKUNTANSI                            2.   SUMMARY OF MATERIAL ACCOUNTING
     YANG MATERIAL (lanjutan)                                               POLICIES INFORMATION (continued)

     c.   Aset dan Liabilitas Keuangan (lanjutan)                           c.    Financial Assets and Liabilities (continued)

          ii.   Liabilitas Keuangan (lanjutan)                                    ii.   Financial Liabilities (continued)

                a.   Liabilitas Keuangan yang Diukur                                    a.   Financial Liabilities at Fair Value
                     pada Nilai Wajar melalui Laba Rugi                                      through Profit or Loss (continued)
                     (lanjutan)

                     Liabilitas keuangan diklasifikasikan                                    A financial liability is classified as held
                     sebagai diperdagangkan jika diperoleh                                   for trading if it is acquired or incurred
                     terutama untuk tujuan dijual atau dibeli                                principally for the purpose of selling or
                     kembali dalam waktu dekat atau jika                                     repurchasing it in the near term or if it
                     merupakan bagian dari portofolio                                        is part of a portfolio of identified
                     instrumen keuangan tertentu yang                                        financial     instruments        that   are
                     dikelola bersama dan terdapat bukti                                     managed together and for which there
                     mengenai pola ambil untung dalam                                        is evidence of a recent actual pattern
                     jangka pendek yang terkini.                                             of short term profit-taking.

                     Keuntungan dan kerugian yang timbul                                     Gains and losses arising from
                     dari perubahan nilai wajar liabilitas                                   changes in fair value of financial
                     keuangan         yang     diklasifikasikan                              liabilities classified held for trading are
                     sebagai diperdagangkan dicatat dalam                                    included in the statement of profit or
                     laporan laba rugi dan penghasilan                                       loss and other comprehensive income
                     komprehensif          lain        sebagai                               and are reported as “Unrealized
                     “Keuntungan/(kerugian) yang belum                                       gains/(losses) from changes in fair
                     direalisasi dari perubahan nilai wajar                                  value of financial instruments”. Interest
                     instrumen keuangan”. Beban bunga                                        expenses on financial liabilities held
                     dari liabilitas keuangan diklasifikasikan                               for trading are included in “Interest
                     sebagai diperdagangkan dicatat di                                       expenses".
                     dalam “Beban bunga”.

                     Jika Bank pada pengakuan awal telah                                     If the Bank designated certain debt
                     menetapkan instrumen utang tertentu                                     securities upon initial recognition as
                     sebagai nilai wajar melalui laba rugi                                   fair value through profit or loss (fair
                     (opsi nilai wajar), maka selanjutnya,                                   value option), then this designation
                     penetapan ini tidak akan diubah.                                        cannot be changed subsequently. The
                     Instrumen utang yang diklasifikasikan                                   fair value option is applied on the debt
                     sebagai opsi nilai wajar, terdiri dari                                  securities which consists of the debt
                     kontrak utama dan derivatif melekat                                     host and embedded derivatives that
                     yang harus dipisahkan.                                                  must otherwise be separated.

                     Perubahan nilai wajar terkait dengan                                    Fair value changes related to financial
                     liabilitas keuangan yang ditetapkan                                     liabilities designated at fair value
                     untuk diukur pada nilai wajar melalui                                   through profit or loss are recognized in
                     laporan laba rugi dan penghasilan                                       “Gains/(losses) from changes in fair
                     komprehensif lain diakui di dalam                                       value of financial instruments”.
                     “Keuntungan/(kerugian)           dari
                     perubahan nilai wajar instrumen
                     keuangan”.

                     Pada tanggal 31 Desember 2025 dan                                       As of December 31, 2025 and 2024,
                     2024, Bank tidak memiliki liabilitas                                    the Bank had no financial liabilities at
                     keuangan yang diukur pada nilai wajar                                   fair value through profit or loss.
                     melalui laba rugi.




                                                                  22
Page 880
                                                                               The original financial statements included herein are in
                                                                                                                 Indonesian language.

            PT BANK MANDIRI TASPEN                                             PT BANK MANDIRI TASPEN
       CATATAN ATAS LAPORAN KEUANGAN                                      NOTES TO THE FINANCIAL STATEMENTS
        Tanggal 31 Desember 2025 dan untuk                                     As of December 31, 2025 and
     Tahun yang Berakhir pada Tanggal Tersebut                                   for the Year Then Ended
          (Disajikan dalam jutaan Rupiah,                                    (Expressed in millions of Rupiah,
              kecuali dinyatakan lain)                                           unless otherwise stated)


2.   IKHTISAR INFORMASI KEBIJAKAN AKUNTANSI                          2.   SUMMARY OF MATERIAL ACCOUNTING
     YANG MATERIAL (lanjutan)                                             POLICIES INFORMATION (continued)

     c.   Aset dan Liabilitas Keuangan (lanjutan)                         c.    Financial Assets and Liabilities (continued)

          ii.   Liabilitas Keuangan (lanjutan)                                  ii.   Financial Liabilities (continued)

                b.   Liabilitas Keuangan yang Diukur                                  b.   Financial Liabilities Measured at
                     dengan       Biaya     Perolehan                                      Amortized Cost
                     Diamortisasi

                     Pada saat pengakuan awal, liabilitas                                  Financial liabilities at amortized cost
                     keuangan yang diukur dengan biaya                                     are initially recognized at fair value
                     perolehan diamortisasi, diukur pada                                   less transaction costs (if any).
                     nilai wajar dikurangi biaya transaksi
                     (jika ada).

                     Setelah pengakuan awal, Bank                                          After   initial   recognition,    Bank
                     mengukur seluruh liabilitas keuangan                                  measures all financial liabilities at
                     yang diukur dengan biaya perolehan                                    amortized cost using effective interest
                     diamortisasi dengan menggunakan                                       rates method. Effective interest rate
                     metode suku bunga efektif. Amortisasi                                 amortization is recognized as “Interest
                     suku bunga efektif diakui sebagai                                     expense”.
                     “Beban bunga”.

          iii. Pengakuan dan Penghentian Pengakuan                              iii. Recognition and Derecognition

                Pembelian dan penjualan aset keuangan                                 Regular way purchases and sales of
                yang     lazim    diakui    pada     tanggal                          financial assets are recognised on trade
                perdagangan, yaitu tanggal dimana Bank                                date, being the date on which the Bank
                berkomitmen untuk membeli atau menjual                                commits to purchase or sell the asset.
                aset tersebut. Aset keuangan dihentikan                               Financial assets are derecognised when
                pengakuannya ketika hak untuk menerima                                the rights to receive cash flows from the
                arus kas yang berasal dari aset keuangan                              financial assets have expired or have been
                tersebut telah berakhir atau telah ditransfer                         transferred and the Bank has transferred
                dan Bank telah mentransfer secara                                     substantially all the risks and rewards of
                substansial seluruh risiko dan manfaat                                ownership.
                kepemilikan.

                Hapus buku                                                            Written-off

                Dalam     hal    penghapusbukuan     aset                             In case financial assets’ write-off is
                keuangan merupakan kelanjutan dari                                    a continuation of the financial assets’
                tindakan penyelesaian aset keuangan                                   settlement by taking over collaterals, the
                dengan cara pengambilalihan agunan,                                   amount written-off is approximately equal
                maka jumlah yang dihapusbuku adalah                                   to the difference between the fair value of
                sebesar selisih kurang antara nilai wajar                             repossessed assets after taking into
                agunan yang diambil alih setelah                                      account the financial assets’ cost of sales
                memperhitungkan taksiran biaya penjualan                              and carrying amount.
                dengan nilai tercatat aset keuangan.

                Aset keuangan dapat dihapusbuku apabila                               Financial assets can be written-off when
                cadangan kerugian penurunan nilai telah                               the allowance for impairment losses has
                dibentuk 100%.                                                        been established at 100%.




                                                                23
Page 881
                                                                             The original financial statements included herein are in
                                                                                                               Indonesian language.

            PT BANK MANDIRI TASPEN                                           PT BANK MANDIRI TASPEN
       CATATAN ATAS LAPORAN KEUANGAN                                    NOTES TO THE FINANCIAL STATEMENTS
        Tanggal 31 Desember 2025 dan untuk                                   As of December 31, 2025 and
     Tahun yang Berakhir pada Tanggal Tersebut                                 for the Year Then Ended
          (Disajikan dalam jutaan Rupiah,                                  (Expressed in millions of Rupiah,
              kecuali dinyatakan lain)                                         unless otherwise stated)


2.   IKHTISAR INFORMASI KEBIJAKAN AKUNTANSI                        2.   SUMMARY OF MATERIAL ACCOUNTING
     YANG MATERIAL (lanjutan)                                           POLICIES INFORMATION (continued)

     c.   Aset dan Liabilitas Keuangan (lanjutan)                       c.    Financial Assets and Liabilities (continued)

          iv. Modifikasi atas Arus Kas Aset Keuangan                          iv. Cashflows Modification of Financial
                                                                                  Assets

              Penilaian apakah suatu aset keuangan                                 An assessment of whether a financial asset
              telah dimodifikasi baik secara substansial                           has been modified substantially or not
              maupun tidak substansial dilakukan oleh                              substantially is carried out by a business
              unit bisnis yang berwenang melakukan                                 unit authorized to modify or restructure
              modifikasi    atau     restrukturisasi aset                          financial assets when the business unit
              keuangan pada saat unit bisnis tersebut                              carries out modification or restructuring of
              melakukan tindakan modifikasi atau                                   a financial asset.
              restrukturisasi atas suatu aset keuangan.

              Modifikasi aset keuangan dianggap                                    Modifications to financial assets are
              substansial dan Bank akan berhenti                                   considered substantial and the Bank will
              mengakui aset keuangan awal ketika:                                  stop recognizing the original financial
                                                                                   assets when:

              a.   aset keuangan (atau bagiannya)                                  a.    the financial asset (or part thereof)
                   berakhir, yaitu jika debitur secara                                   expires, that is, if the debtor is legally
                   hukum dibebaskan dari tanggung                                        released from primary responsibility
                   jawab utama atas aset tersebut (atau                                  for the asset (or part thereof), either
                   bagiannya), baik melalui proses hukum                                 through legal process or by the
                   maupun oleh kreditur pembuatan                                        creditor entering into a new credit
                   kontrak kredit baru (sebagai contoh,                                  contract (for example, the equity
                   opsi equity conversion); atau                                         conversion option); or

              b.   terdapat konversi mata uang.                                    b.    there is a currency conversion.

              Bank kemudian akan mengukur aset                                     The bank will then measure the modified
              keuangan yang telah dimodifikasi baik                                financial assets either substantially or not
              secara    substansial    maupun  tidak                               substantially in the following manner:
              substansial dengan cara berikut:

              a.   Modifikasi Aset      Keuangan     yang                          a.    Substantial Modification of Financial
                   Substansial                                                           Assets

                   1.   Saat arus kas kontraktual atas                                   1.   When the contractual cash flows
                        aset keuangan direnegosiasi atau                                      on a financial asset are
                        dimodifikasi (antara lain ketika                                      renegotiated or modified (for
                        kredit direstrukturisasi) dimana                                      example,      when     credit    is
                        renegosiasi    atau      modifikasi                                   restructured)      where       the
                        tersebut             menghasilkan                                     renegotiation or modification
                        penghentian pengakuan aset                                            results in derecognition of the
                        keuangan, Bank akan mencatat                                          financial asset, the Bank will
                        aset keuangan tersebut sebagai                                        record the financial asset as
                        aset keuangan baru/modifikasian                                       a new/modified financial asset on
                        pada tanggal modifikasi/negosiasi.                                    the modification/negotiation date.

                   2.   Selisih jumlah tercatat bruto aset                               2.   The difference between the gross
                        keuangan awal dengan nilai wajar                                      carrying amount of the original
                        aset modifikasian diakui di laba                                      financial asset and the fair value
                        rugi.                                                                 of the modified asset is
                                                                                              recognized in profit or loss.




                                                              24
Page 882
                                                                                The original financial statements included herein are in
                                                                                                                  Indonesian language.

            PT BANK MANDIRI TASPEN                                              PT BANK MANDIRI TASPEN
       CATATAN ATAS LAPORAN KEUANGAN                                       NOTES TO THE FINANCIAL STATEMENTS
        Tanggal 31 Desember 2025 dan untuk                                      As of December 31, 2025 and
     Tahun yang Berakhir pada Tanggal Tersebut                                    for the Year Then Ended
          (Disajikan dalam jutaan Rupiah,                                     (Expressed in millions of Rupiah,
              kecuali dinyatakan lain)                                            unless otherwise stated)


2.   IKHTISAR INFORMASI KEBIJAKAN AKUNTANSI                           2.   SUMMARY OF MATERIAL ACCOUNTING
     YANG MATERIAL (lanjutan)                                              POLICIES INFORMATION (continued)

     c.   Aset dan Liabilitas Keuangan (lanjutan)                          c.    Financial Assets and Liabilities (continued)

          iv. Modifikasi atas Arus Kas Aset Keuangan                             iv. Cashflows Modification of Financial
              (lanjutan)                                                             Assets (continued)

              Bank kemudian akan mengukur aset                                        The Bank will then measure the modified
              keuangan yang telah dimodifikasi baik                                   financial assets either substantially or not
              secara    substansial    maupun        tidak                            substantially in the following manner:
              substansial dengan cara berikut: (lanjutan)                             (continued)

              a.   Modifikasi Aset Keuangan             yang                          a.    Substantial Modification of Financial
                   Substansial (lanjutan)                                                   Assets (continued)

                   3.   Pendapatan atau biaya transaksi                                     3.   Transaction income or costs
                        yang terjadi sehubungan dengan                                           incurred in connection with
                        kejadian modifikasi diakui sebagai                                       a    modification     event   are
                        bagian dari keuntungan atau                                              recognized as part of the gain or
                        kerugian atas modifikasi tersebut.                                       loss on the modification.

                   4.   Selanjutnya, Bank melakukan                                         4.   Next, the Bank conducts an
                        penilaian apakah aset keuangan                                           assessment        whether     new/
                        baru/modifikasian merupakan aset                                         modified financial assets are
                        yang berasal dari aset keuangan                                          assets      that    come       from
                        memburuk.                                                                deteriorating financial assets.

                   5.   Pengakuan pendapatan bunga                                          5.   Recognition of interest income
                        atas aset yang berasal dari aset                                         on assets originating from
                        keuangan memburuk ditentukan                                             deteriorating financial assets is
                        berdasarkan suku bunga efektif                                           determined based on the risk-
                        yang telah disesuaikan dengan                                            adjusted effective interest rate to
                        risiko kredit (risk-adjusted effective                                   discount the cash flows of
                        interest           rate)        untuk                                    modified financial assets.
                        mendiskontokan arus kas aset
                        keuangan yang telah dimodifikasi.

              b.   Modifikasi Aset Keuangan yang Tidak                                b.    Non-substantial        Modification      of
                   Substansial                                                              Financial Assets

                   1.   Saat Bank melakukan renegosiasi                                     1.   When the Bank renegotiates or
                        atau     modifikasi     arus    kas                                      modifies contractual cash flows
                        kontraktual atas aset keuangan                                           for financial assets (among
                        (antara     lain    ketika   kredit                                      others,    when       loans    are
                        direstrukturisasi)    yang    tidak                                      restructured) that do not meet the
                        memenuhi kriteria modifikasi aset                                        criteria      for       substantial
                        keuangan yang substansial di                                             modification of financial assets
                        atas, maka renegosiasi atau                                              above, the renegotiation or
                        modifikasi       tersebut     tidak                                      modification does not result in
                        menghasilkan           penghentian                                       derecognition of financial assets.
                        pengakuan aset keuangan.

                   2.   Jumlah     tercatat   bruto    aset                                 2.   The gross carrying amount of
                        keuangan dihitung sebesar nilai                                          financial assets is computed at
                        kini (net present value) dari arus                                       the net present value of modified
                        kas    kontraktual   yang     telah                                      or renegotiated contractual cash
                        dimodifikasi atau direnegosiasi                                          flows discounted at the original
                        yang didiskontokan menggunakan                                           effective interest rate.
                        suku bunga efektif awal.



                                                                 25
Page 883
                                                                              The original financial statements included herein are in
                                                                                                                Indonesian language.

            PT BANK MANDIRI TASPEN                                            PT BANK MANDIRI TASPEN
       CATATAN ATAS LAPORAN KEUANGAN                                     NOTES TO THE FINANCIAL STATEMENTS
        Tanggal 31 Desember 2025 dan untuk                                    As of December 31, 2025 and
     Tahun yang Berakhir pada Tanggal Tersebut                                  for the Year Then Ended
          (Disajikan dalam jutaan Rupiah,                                   (Expressed in millions of Rupiah,
              kecuali dinyatakan lain)                                          unless otherwise stated)


2.   IKHTISAR INFORMASI KEBIJAKAN AKUNTANSI                         2.   SUMMARY OF MATERIAL ACCOUNTING
     YANG MATERIAL (lanjutan)                                            POLICIES INFORMATION (continued)

     c.   Aset dan Liabilitas Keuangan (lanjutan)                        c.    Financial Assets and Liabilities (continued)
          iv. Modifikasi atas Arus Kas Aset Keuangan                           iv. Cashflows Modification of Financial
              (lanjutan)                                                           Assets (continued)
               Bank kemudian akan mengukur aset                                     The bank will then measure the modified
               keuangan yang telah dimodifikasi baik                                financial assets either substantially or not
               secara    substansial    maupun        tidak                         substantially in the following manner:
               substansial dengan cara berikut: (lanjutan)                          (continued)

               b.   Modifikasi Aset Keuangan yang Tidak                             b.    Non-substantial     Modification         of
                    Substansial (lanjutan)                                                Financial Assets (continued)
                    3.   Bank       kemudian   mengakui                                   3.   The bank then recognizes the
                         keuntungan atau kerugian dari                                         gain or loss from the modification
                         modifikasi     (yaitu  sebesar                                        (i.e the change in the gross
                         perubahan jumlah tercatat bruto                                       carrying amount of the financial
                         aset keuangan) dalam laporan                                          asset) in the income statement.
                         laba rugi.
                    4.   Pendapatan atau biaya transaksi                                  4.   Transaction income or costs
                         yang terjadi sehubungan dengan                                        incurred in connection with
                         kejadian modifikasi diakui sebagai                                    a    modification  event   are
                         penyesuaian terhadap jumlah                                           recognized as an adjustment to
                         tercatat aset keuangan yang telah                                     the carrying amount of the
                         dimodifikasi    dan    diamortisasi                                   modified financial asset and
                         selama sisa jangka waktu aset                                         amortized over the remaining
                         keuangan modifikasian tersebut.                                       term of the modified financial
                                                                                               assets.
                    5.   Selisih antara jumlah tercatat                                   5.   The difference between the gross
                         bruto aset keuangan sebelum                                           carrying amount of a financial
                         dan sesudah modifikasi atau                                           asset      before     and     after
                         restrukturisasi diakui sebagai                                        modification or restructuring is
                         kerugian atau keuntungan aset                                         recognised as a gain or loss of the
                         keuangan modifikasian, yang                                           modified financial asset, which is
                         merupakan penyesuaian terhadap                                        an adjustment to the initial gross
                         jumlah tercatat bruto awal dan                                        carrying amount and is amortised
                         diamortisasi selama sisa jangka                                       over the remaining term of the
                         waktu aset keuangan dengan                                            financial asset using the initial
                         menggunakan suku bunga efektif                                        effective interest rate (unwinding
                         awal (unwinding interest).                                            interest).

          v.   Reklasifikasi Aset Keuangan                                     v.   Reclassification            of        Financial
                                                                                    Instruments
               Persyaratan Reklasifikasi                                            Reclassification Requirements
               Bank diperkenankan untuk melakukan                                   Banks are permitted to reclassify their
               reklasifikasi atas aset keuangan yang                                financial assets if the Bank changes its
               dimiliki jika Bank mengubah model bisnis                             business model for financial asset
               untuk pengelolaan aset keuangan dan Bank                             management and Banks are not permitted
               tidak diperkenankan untuk melakukan                                  to reclassify financial liabilities.
               reklasifikasi atas liabilitas keuangan.
               Perubahan model bisnis sifatnya harus                                Changes in the business model must have
               berdampak secara signifikan terhadap                                 a significant impact on the Bank's
               kegiatan    operasional    Bank    seperti                           operational activities, such as acquiring,
               memperoleh, melepaskan, atau mengakhiri                              releasing, or ending a line of business.
               suatu lini bisnis. Selain itu, Bank perlu                            In addition, the Bank needs to prove the
               membuktikan adanya perubahan tersebut                                change to external parties.
               kepada pihak eksternal.
                                                               26
Page 884
                                                                                           The original financial statements included herein are in
                                                                                                                             Indonesian language.

            PT BANK MANDIRI TASPEN                                                         PT BANK MANDIRI TASPEN
       CATATAN ATAS LAPORAN KEUANGAN                                                  NOTES TO THE FINANCIAL STATEMENTS
        Tanggal 31 Desember 2025 dan untuk                                                 As of December 31, 2025 and
     Tahun yang Berakhir pada Tanggal Tersebut                                               for the Year Then Ended
          (Disajikan dalam jutaan Rupiah,                                                (Expressed in millions of Rupiah,
              kecuali dinyatakan lain)                                                       unless otherwise stated)


2.   IKHTISAR INFORMASI KEBIJAKAN AKUNTANSI                                    2.    SUMMARY OF MATERIAL ACCOUNTING
     YANG MATERIAL (lanjutan)                                                        POLICIES INFORMATION (continued)
     c.   Aset dan Liabilitas Keuangan (lanjutan)                                    c.     Financial Assets and Liabilities (continued)
          v.   Reklasifikasi Aset Keuangan (lanjutan)                                       v.    Reclassification     of                   Financial
                                                                                                  Instruments (continued)
               Persyaratan Reklasifikasi (lanjutan)                                               Reclassification                   Requirements
                                                                                                  (continued)
               Bank akan mereklasifikasi seluruh aset                                             The Bank will reclassify all financial
               keuangan yang terkena dampak dari                                                  assets that are affected by changes in
               perubahan model bisnis. Perubahan tujuan                                           business models. Changes in the
               model bisnis Bank harus berdampak                                                  objectives of the Bank's business model
               sebelum tanggal reklasifikasi.                                                     should     take    effect  before   the
                                                                                                  reclassification date.
               Yang bukan merupakan perubahan model                                               Below are not considered as change in
               bisnis adalah:                                                                     business model:

               (a) perubahan intensi berkaitan dengan                                             (a) changes in intention related to
                   aset keuangan tertentu (bahkan dalam                                               particular financial assets (even in
                   situasi perubahan signifikan dalam                                                 situations of significant changes in
                   kondisi pasar).                                                                    market conditions).
               (b) hilangnya sementara pasar tertentu                                             (b) the temporary loss of certain
                   untuk aset keuangan.                                                               markets for financial assets.
               (c) pengalihan aset keuangan antara                                                (c) transfers of financial assets between
                   bagian dari Bank dengan model bisnis                                               parts of the Bank with different
                   berbeda.                                                                           business models.
          vi. Klasifikasi atas Instrumen Keuangan                                          vi. Classification of Financial Instruments

                                            Klasifikasi/                                                           Golongan/
                                           Classification                                                           Group

                                           Aset keuangan yang diukur pada nilai wajar
                                             melalui laba rugi/Financial assets
                                             measured at the fair value through profit      Efek-efek/Securities
                                             or loss

                                           Aset keuangan yang diukur pada nilai wajar
                                             melalui     penghasilan    komprehensif
                                             lain/Financial assets measured at the fair     Efek-efek/Securities
                                             value through other comprehensive
               Aset Keuangan/                income
                Financial assets                                                            Giro pada Bank Indonesia/Current account with
                                                                                               Bank Indonesia
                                                                                            Giro pada bank lain/Current accounts with other
                                                                                               banks
                                           Aset keuangan yang diukur pada biaya             Penempatan pada Bank Indonesia dan bank
                                             perolehan diamortisasi/ Financial assets          lain/Placements with Bank Indonesia and other
                                             measured at amortized cost                        banks
                                                                                            Efek-efek/Securities
                                                                                            Efek-efek yang dibeli dengan janji dijual kembali/
                                                                                               Securities purchased under resale agreements
                                                                                            Kredit yang Diberikan/Loans
                                                                                            Aset lain-lain/Other assets
                                                                                            Liabilitas Segera/Obligation due immediately
                                           Liabilitas keuangan yang diukur dengan
                                             biaya           perolehan              yang    Simpanan Nasabah/Deposits from customers
                                             diamortisasi/Financial liabilities measured    Simpanan dari Bank Lain/Deposits from other banks
                                             at amortized cost
                                                                                            Surat berharga yang diterbitkan/Securities issued
                                                                                            Efek-efek yang dijual dengan janji dibeli kembali/
               Liabilitas Keuangan/                                                            Securities sold under agreement to repurchase
                 Financial liabilities                                                      Pinjaman yang diterima/Borrowings
                                                                                            Beban yang masih harus dibayar/Accrued expenses

                                                                                            Liabilitas lain-lain/Other liabilities

               Komitmen dan Kontinjensi/    Fasilitas kredit nasabah yang belum ditarik (committed)/Unused loan facilites (committed)
                Commitments         and
                Contingencies
                                                                     27
Page 885
                                                                               The original financial statements included herein are in
                                                                                                                 Indonesian language.

            PT BANK MANDIRI TASPEN                                             PT BANK MANDIRI TASPEN
       CATATAN ATAS LAPORAN KEUANGAN                                      NOTES TO THE FINANCIAL STATEMENTS
        Tanggal 31 Desember 2025 dan untuk                                     As of December 31, 2025 and
     Tahun yang Berakhir pada Tanggal Tersebut                                   for the Year Then Ended
          (Disajikan dalam jutaan Rupiah,                                    (Expressed in millions of Rupiah,
              kecuali dinyatakan lain)                                           unless otherwise stated)


2.   IKHTISAR INFORMASI KEBIJAKAN AKUNTANSI                          2.   SUMMARY OF MATERIAL ACCOUNTING
     YANG MATERIAL (lanjutan)                                             POLICIES INFORMATION (continued)

     c.   Aset dan Liabilitas Keuangan (lanjutan)                         c.    Financial Assets and Liabilities (continued)

          vii. Saling Hapus Instrumen Keuangan                                  vii. Offsetting Financial Instruments

              Aset keuangan dan liabilitas keuangan                                  Financial assets and liabilities are offset
              disalinghapuskan dan jumlah netonya                                    and the net amount is reported in the
              dilaporkan pada laporan posisi keuangan                                statement of financial position when there
              ketika terdapat hak yang berkekuatan                                   is a legally enforceable right to offset the
              hukum untuk melakukan saling hapus atas                                recognized amounts and there is an
              jumlah yang telah diakui tersebut dan                                  intention to settle on a net basis, or realize
              adanya niat untuk menyelesaikan secara                                 the asset and settle the liability
              neto, atau untuk merealisasikan aset dan                               simultaneously. The legally enforceable
              menyelesaikan liabilitas secara bersamaan.                             right must not be contingent on future
              Hak saling hapus tidak kontinjen atas                                  events and must be enforceable in the
              peristiwa di masa depan dan dapat                                      normal course of business and in the event
              dipaksakan secara hukum dalam situasi                                  of default in solvency or bankruptcy of the
              bisnis yang normal dan dalam peristiwa                                 Bank or the counterparty.
              gagal bayar, atau peristiwa kepailitan atau
              kebangkrutan Bank atau pihak lawan.

          viii. Penurunan Nilai dari Aset Keuangan                              viii. Impairment of Financial Assets

              Penerapan       PSAK    109,    “Instrumen                             The implementation of PSAK 109,
              Keuangan” telah mengubah metode                                        "Financial Instruments" has changed the
              perhitungan kerugian penurunan nilai dari                              method of calculating impairment losses
              pendekatan kerugian yang telah terjadi                                 from the incurred loss approach in
              (incurred loss) dalam PSAK 239, “Instrumen                             PSAK 239, "Financial Instruments:
              Keuangan: Pengakuan dan Pengukuran”                                    Recognition and Measurement" with the
              dengan pendekatan kerugian kredit                                      expected credit loss approach.
              ekspektasian (expected credit loss).

              1.   Ruang lingkup penurunan nilai                                     1.   Scope of impairment


                   a)   Aset keuangan dalam klasifikasi                                   a)    Financial assets classified other
                        selain yang diukur pada nilai wajar                                     than those at fair value through
                        melalui laba rugi                                                       profit or loss


                        1)   Penurunan nilai atas aset                                         1)   Impairment of financial assets
                             keuangan        pada      biaya                                        at    amortized      cost     is
                             perolehan diamortisasi diakui                                          recognized as a deduction
                             sebagai     pengurang       dari                                       from the carrying amount of
                             nilai tercatat aset di dalam                                           the asset in the statement
                             laporan posisi keuangan,                                               of financial position and
                             dan      diakui    di    dalam                                         recognized in the statement
                             laporan laba rugi sebagai                                              of profit or loss as “Provision
                             “Pembentukan          cadangan                                         for impairment losses”.
                             kerugian penurunan nilai”.




                                                                28
Page 886
                                                                                The original financial statements included herein are in
                                                                                                                  Indonesian language.

            PT BANK MANDIRI TASPEN                                              PT BANK MANDIRI TASPEN
       CATATAN ATAS LAPORAN KEUANGAN                                       NOTES TO THE FINANCIAL STATEMENTS
        Tanggal 31 Desember 2025 dan untuk                                      As of December 31, 2025 and
     Tahun yang Berakhir pada Tanggal Tersebut                                    for the Year Then Ended
          (Disajikan dalam jutaan Rupiah,                                     (Expressed in millions of Rupiah,
              kecuali dinyatakan lain)                                            unless otherwise stated)


2.   IKHTISAR INFORMASI KEBIJAKAN AKUNTANSI                           2.   SUMMARY OF MATERIAL ACCOUNTING
     YANG MATERIAL (lanjutan)                                              POLICIES INFORMATION (continued)

     c.   Aset dan Liabilitas Keuangan (lanjutan)                          c.    Financial Assets and Liabilities (continued)

          viii. Penurunan Nilai dari Aset Keuangan                               viii. Impairment          of    Financial      Assets
                (lanjutan)                                                             (continued)

              1.   Ruang lingkup         penurunan      nilai                         1.    Scope of impairment (continued)
                   (lanjutan)

                   a)   Aset keuangan dalam klasifikasi                                     a)    Financial assets classified other
                        selain yang diukur pada nilai wajar                                       than those at fair value through
                        melalui laba rugi (lanjutan)                                              profit or loss (continued)

                        2)   Penurunan nilai atas aset                                            2)    Impairment of financial assets
                             keuangan (diluar instrumen                                                 (non equity instruments)
                             ekuitas) yang diukur pada nilai                                            measured at fair value
                             wajar melalui penghasilan                                                  through other comprehensive
                             komprehensif       lain   diakui                                           income is recognized as an
                             sebagai      penambah       dari                                           addition         to       other
                             penghasilan       komprehensif                                             comprehensive income in the
                             lain di dalam laporan posisi                                               statement of financial position
                             keuangan (tidak mengurangi                                                 (not reducing the carrying
                             jumlah tercatat aset keuangan                                              amount of financial assets in
                             dalam laporan keuangan)                                                    the financial statements) as
                             sebagai             “keuntungan                                            “net unrealized gain (loss)
                             (kerugian) neto yang belum                                                 from changes in fair value of
                             direalisasi dari perubahan nilai                                           securities grouped as fair
                             wajar      efek-efek      dalam                                            value        through      other
                             kelompok nilai wajar melalui                                               comprehensive income", and
                             penghasilan       komprehensif                                             recognized in the statements
                             lain”, dan diakui dalam                                                    of profit or loss as "Provision
                             laporan laba rugi sebagai                                                  for impairment losses".
                             “Pembentukan           cadangan
                             kerugian penurunan nilai”.
                   b)   Komitmen        pinjaman     atau                                  b)    Commitments or unused loan
                        kelonggaran tarik yang sifatnya                                          facilities that are irrevocable
                        tidak dapat dibatalkan (committed)                                       (committed)

                        1)   Penurunan        nilai    atas                                      1)    Impairment         of         loan
                             komitmen pinjaman diakui                                                  commitments is recognized as
                             sebagai bagian dari “liabilitas                                           part of “other liabilities” in the
                             lain-lain” pada laporan posisi                                            Bank’s statement of financial
                             keuangan Bank dan dicatat                                                 position     and         recorded
                             secara terpisah dari pinjaman                                             separately from the related
                             yang terkait, kecuali Bank                                                loans, unless the Bank is
                             tidak dapat mengidentifikasi                                              unable to identify it separately.
                             terpisah.

                        2)   Dalam      kondisi      tersebut,                                   2)    In such circumstances, the
                             penurunan         nilai      atas                                         impairment        of        loan
                             komitmen      pinjaman       dan                                          commitments and loans is
                             pinjaman diakui bersama                                                   recognized      together      as
                             sebagai pengurang dari nilai                                              a deduction from the carrying
                             tercatat aset di dalam laporan                                            amount of the asset in the
                             posisi keuangan.                                                          statement of financial position.




                                                                 29
Page 887
                                                                               The original financial statements included herein are in
                                                                                                                 Indonesian language.

            PT BANK MANDIRI TASPEN                                             PT BANK MANDIRI TASPEN
       CATATAN ATAS LAPORAN KEUANGAN                                      NOTES TO THE FINANCIAL STATEMENTS
        Tanggal 31 Desember 2025 dan untuk                                     As of December 31, 2025 and
     Tahun yang Berakhir pada Tanggal Tersebut                                   for the Year Then Ended
          (Disajikan dalam jutaan Rupiah,                                    (Expressed in millions of Rupiah,
              kecuali dinyatakan lain)                                           unless otherwise stated)


2.   IKHTISAR INFORMASI KEBIJAKAN AKUNTANSI                          2.   SUMMARY OF MATERIAL ACCOUNTING
     YANG MATERIAL (lanjutan)                                             POLICIES INFORMATION (continued)

     c.   Aset dan Liabilitas Keuangan (lanjutan)                         c.    Financial Assets and Liabilities (continued)

          viii. Penurunan Nilai dari Aset Keuangan                              viii. Impairment        of    Financial       Assets
                (lanjutan)                                                            (continued)

              1.   Evaluasi penurunan nilai secara                                   1.    Periodic impairment evaluation
                   periodik

                   Pada setiap tanggal laporan posisi                                     At each statement of financial position
                   keuangan, Bank mengevaluasi apakah                                     date, Bank evaluates whether there is
                   terdapat peningkatan risiko kredit yang                                a significant increase in credit risk.
                   signifikan.

                   Selanjutnya, Bank mengelompokkan                                       Furthermore, the Bank classifies
                   aset keuangan berdasarkan hasil                                        financial assets based on the
                   evaluasi tersebut yang mencerminkan                                    evaluation results, which reflect the
                   tingkat risiko kredit aset keuangan.                                   level of credit risk of financial assets.

                   a)   Stage 1                                                           a)    Stage 1

                        Pada tanggal evaluasi penurunan                                        At the evaluation date of
                        nilai, risiko kredit atas instrumen                                    impairment, credit risk on financial
                        keuangan tidak meningkat secara                                        instruments does not increase
                        signifikan sejak pengakuan awal                                        significantly       since        initial
                        yang dapat dibuktikan dengan                                           recognition, which can be proven
                        terjadinya seluruh hal berikut,                                        by the occurrence of all of the
                        yaitu:                                                                 following, namely:
                         1) tidak terdapat tunggakan                                           1) there are no overdue for more
                              lebih dari 30 hari;                                                   than 30 days;
                         2) instrumen keuangan memiliki                                        2) the financial instrument has
                              peringkat kolektibilitas 1 atau                                       a collectability rating of 1 or 2;
                              2; dan                                                                and
                         3) tidak direstrukturisasi.                                           3) not restructured.

                        Atas hal tersebut, Bank akan                                           For this reason, the Bank will
                        mengukur penyisihan kerugian                                           measure the allowance for losses
                        untuk     instrumen    keuangan                                        for the financial instrument at the
                        tersebut sejumlah kerugian kredit                                      amount of the 12 months
                        ekspektasian 12 bulan.                                                 expected credit loss.

                   b)   Stage 2                                                           b)    Stage 2

                        Pada tanggal evaluasi penurunan                                        At the evaluation date of
                        nilai, risiko kredit atas instrumen                                    impairment,     credit    risk    on
                        keuangan telah meningkat secara                                         financial    instruments       has
                        signifikan sejak pengakuan awal                                        increased significantly since initial
                        yang dapat dibuktikan dengan                                           recognition, which can be proven
                        terjadinya salah satu dari hal                                         by the occurrence of one of the
                        berikut:                                                               following:
                        1) terdapat tunggakan antara                                           1) there are overdue between
                             31 hari sampai dengan                                                  31 days until 90 days;
                             90 hari;
                        2) instrumen keuangan memiliki                                          2)   the financial instrument has
                             peringkat kolektibilitas 2; atau                                        a collectability rating of 2; or




                                                                30
Page 888
                                                                                The original financial statements included herein are in
                                                                                                                  Indonesian language.

            PT BANK MANDIRI TASPEN                                              PT BANK MANDIRI TASPEN
       CATATAN ATAS LAPORAN KEUANGAN                                       NOTES TO THE FINANCIAL STATEMENTS
        Tanggal 31 Desember 2025 dan untuk                                      As of December 31, 2025 and
     Tahun yang Berakhir pada Tanggal Tersebut                                    for the Year Then Ended
          (Disajikan dalam jutaan Rupiah,                                     (Expressed in millions of Rupiah,
              kecuali dinyatakan lain)                                            unless otherwise stated)


2.   IKHTISAR INFORMASI KEBIJAKAN AKUNTANSI                           2.   SUMMARY OF MATERIAL ACCOUNTING
     YANG MATERIAL (lanjutan)                                              POLICIES INFORMATION (continued)

     c.   Aset dan Liabilitas Keuangan (lanjutan)                          c.    Financial Assets and Liabilities (continued)

          viii. Penurunan Nilai dari Aset Keuangan                               viii. Impairment        of    Financial       Assets
                (lanjutan)                                                             (continued)

              2.   Evaluasi penurunan nilai secara                                    2.   Periodic impairment            evaluation
                   periodik (lanjutan)                                                     (continued)

                   b)   Stage 2 (lanjutan)                                                 b)    Stage 2 (continued)

                        3) terjadi restrukturisasi atas                                          3) there was a restructuring of
                           aset keuangan yang tidak                                                 financial assets that did not
                           menyebabkan        pengakuan                                             result in the recognition of
                           aset yang berasal dari                                                   assets     originating    from
                           asset      keuangan     yang                                             deteriorating financial assets,
                           memburuk, dimana sebelum                                                 where before restructuring
                           restrukturisasi aset berada                                              the assets were at stage 1 or
                           pada stage 1 atau 2.                                                     2.

                        Pada stage ini, Bank akan                                               At this stage, the Bank will
                        mengukur penyisihan kerugian                                            measure the allowance for losses
                        untuk     instrumen    keuangan                                         for the financial instrument
                        tersebut sejumlah kerugian kredit                                       amount of expected credit losses
                        ekspektasian sepanjang umurnya.                                         over its lifetime.

                   c)   Stage 3                                                            c)    Stage 3

                        Pada tanggal evaluasi, terdapat                                         At the evaluation date, there is
                        bukti     objektif     bahwa      aset                                  objective evidence that the
                        keuangan mengalami penurunan                                            financial asset is impaired which
                        nilai yang dapat dibuktikan dengan                                      can be proven by the occurrence
                        terjadinya salah satu dari 3 (tiga)                                     of one of the following 3 (three)
                        hal berikut, yaitu:                                                     things, namely:
                        1) terdapat tunggakan lebih dari                                        1) there are overdue for more
                             90 hari;                                                                than 90 days;
                        2) instrumen keuangan memiliki                                          2) the financial instrument has
                             kolektibilitas 3, 4 atau 5; atau                                        a collectability of 3, 4 or 5; or
                        3) terjadi restrukturisasi atas                                         3) there was a restructuring of
                             aset keuangan yang tidak                                                financial assets that did not
                             menyebabkan           pengakuan                                         result in the recognition of
                             aset yang berasal dari aset                                             assets     originating       from
                             keuangan yang memburuk,                                                 deteriorating           financial
                             dimana                  sebelum                                         assets,      where         before
                             restrukturisasi aset berada                                             restructuring the assets were
                             pada stage 3.                                                           at stage 3.

                        Bank akan mengukur penyisihan                                           Bank will measure the allowance
                        kerugian     untuk    instrumen                                         for losses for the financial
                        keuangan pada stage ini sejumlah                                        instrument at this stage with the
                        kerugian   kredit  ekspektasian                                         amount of expected credit losses
                        sepanjang umurnya.                                                      over its lifetime.




                                                                 31
Page 889
                                                                              The original financial statements included herein are in
                                                                                                                Indonesian language.

            PT BANK MANDIRI TASPEN                                            PT BANK MANDIRI TASPEN
       CATATAN ATAS LAPORAN KEUANGAN                                     NOTES TO THE FINANCIAL STATEMENTS
        Tanggal 31 Desember 2025 dan untuk                                    As of December 31, 2025 and
     Tahun yang Berakhir pada Tanggal Tersebut                                  for the Year Then Ended
          (Disajikan dalam jutaan Rupiah,                                   (Expressed in millions of Rupiah,
              kecuali dinyatakan lain)                                          unless otherwise stated)


2.   IKHTISAR INFORMASI KEBIJAKAN AKUNTANSI                         2.   SUMMARY OF MATERIAL ACCOUNTING
     YANG MATERIAL (lanjutan)                                            POLICIES INFORMATION (continued)

     c.   Aset dan Liabilitas Keuangan (lanjutan)                        c.    Financial Assets and Liabilities (continued)

          viii. Penurunan Nilai dari Aset Keuangan                             viii. Impairment         of    Financial      Assets
                (lanjutan)                                                           (continued)

              3.   Metode penurunan nilai                                            3.    Impairment method

                   Bank melakukan evaluasi penurunan                                      The Bank evaluates for impairment
                   nilai dengan metode sebagai berikut:                                   using the following methods:

                   a)   Metode individual                                                 a)   Individual method

                        Bank mengevaluasi penurunan                                            The Bank evaluates impairment
                        nilai secara individual apabila                                        individually if the Bank has
                        Bank memiliki informasi yang                                           reasonable       and    supportive
                        wajar dan mendukung untuk                                              information to measure lifetime
                        mengukur       kerugian   kredit                                       expected credit losses on
                        ekspektasian sepanjang umurnya                                         individual     instruments    and
                        pada instrumen secara individual                                       financial    assets    have    the
                        dan aset keuangan memiliki                                             following criteria:
                        kriteria sebagai berikut:
                        1)   aset keuangan per debitur                                         1)   the financial assets per
                             memiliki nilai outstanding                                             debtor have an outstanding
                             lebih dari Rp500;                                                      value of more than Rp500;
                        2)   aset keuangan termasuk                                            2)   financial assets are included
                             dalam kategori stage 3;                                                in the stage 3 category;
                        3)   terdapat     bukti    objektif                                    3)   there is objective evidence of
                             terjadinya peristiwa yang                                              an adverse event that has an
                             merugikan dan berdampak                                                impact on the estimated
                             pada estimasi arus kas masa                                            future cash flows.
                             datang.

                        Jika     aset  keuangan        yang                                    If a financial asset assessed as
                        dievaluasi    secara      individual                                   individual has objective evidence
                        terdapat bukti objektif penurunan                                      of impairment but there is no
                        nilai namun tidak terdapat                                             impairment loss, the financial
                        kerugian penurunan nilai, maka                                         asset is still classified as a
                        aset keuangan tersebut tetap                                           financial asset that is assessed
                        dimasukkan ke dalam klasifikasi                                        for     impairment    individually.
                        aset keuangan yang akan                                                However, the Bank provide
                        dievaluasi penurunan nilainya                                          allowance for impairment loss on
                        secara individual. Namun Bank                                          these financial assets based on a
                        membentuk cadangan kerugian                                            probability of default resulting
                        penurunan     nilai    atas     aset                                   from a collective assessment of
                        keuangan tersebut berdasarkan                                          impairment losses.
                        probability of default yang
                        dihasilkan      dari       evaluasi
                        penurunan nilai kredit secara
                        kolektif.




                                                               32
Page 890
                                                                             The original financial statements included herein are in
                                                                                                               Indonesian language.

            PT BANK MANDIRI TASPEN                                           PT BANK MANDIRI TASPEN
       CATATAN ATAS LAPORAN KEUANGAN                                    NOTES TO THE FINANCIAL STATEMENTS
        Tanggal 31 Desember 2025 dan untuk                                   As of December 31, 2025 and
     Tahun yang Berakhir pada Tanggal Tersebut                                 for the Year Then Ended
          (Disajikan dalam jutaan Rupiah,                                  (Expressed in millions of Rupiah,
              kecuali dinyatakan lain)                                         unless otherwise stated)


2.   IKHTISAR INFORMASI KEBIJAKAN AKUNTANSI                        2.   SUMMARY OF MATERIAL ACCOUNTING
     YANG MATERIAL (lanjutan)                                           POLICIES INFORMATION (continued)

     c.   Aset dan Liabilitas Keuangan (lanjutan)                       c.    Financial Assets and Liabilities (continued)

          viii. Penurunan Nilai dari Aset Keuangan                            viii. Impairment        of    Financial       Assets
                (lanjutan)                                                          (continued)

              3.   Metode penurunan nilai (lanjutan)                               3. Impairment method (continued)

                   Bank melakukan evaluasi penurunan                                  The Bank evaluates for impairment
                   nilai dengan metode sebagai berikut:                               using    the following   methods:
                   (lanjutan)                                                         (continued)

                   b)   Metode kolektif                                               b)    Collective method

                        Bank mengevaluasi penurunan                                         The Bank evaluates impairment
                        nilai secara kolektif apabila aset                                  collectively when the financial
                        keuangan memiliki kesamaan                                          assets      have     similar     risk
                        dalam karakteristik risiko dengan                                   characteristics with the aim of
                        tujuan untuk memfasilitasi analisis                                 facilitating analysis designed to
                        yang          didesain       untuk                                  enable a timely identification of
                        memungkinkan peningkatan risiko                                     significant increases in credit risk.
                        kredit secara signifikan dapat
                        diidentifikasi tepat waktu.

                        Evaluasi penurunan nilai secara                                     The evaluation of collective
                        kolektif didasarkan pada konsep                                     impairment is based on the
                        Probability of Default (PD), Loss-                                  concepts of Probability of Default
                        Given     Default   (LGD)      dan                                  (PD), Loss-Given Default (LGD)
                        Exposure at Default (EAD) yang                                      and Exposure at Default (EAD)
                        mempertimbangkan         informasi                                  which take into account past,
                        masa lalu, terkini dan masa                                         current and future information.
                        mendatang.

     d.   Penentuan Nilai Wajar                                         d.    Determination of Fair Value

          Nilai wajar adalah harga yang akan diterima                         Fair value is the price that would be received to
          untuk menjual suatu aset atau harga yang akan                       sell an asset or paid to transfer a liability in an
          dibayar untuk mengalihkan suatu liabilitas dalam                    orderly transaction between market participants
          transaksi teratur antara pelaku pasar pada                          at the measurement date.
          tanggal pengukuran.
          Pengukuran nilai wajar berdasarkan asumsi                           A fair value measurement assumes that the
          bahwa transaksi untuk menjual aset atau                             transaction to sell the asset or transfer the
          mengalihkan liabilitas terjadi di:                                  liability takes place either:

             pasar utama untuk aset dan liabilitas                               in the principal market for the asset or
              tersebut, atau                                                       liability, or

             jika terdapat pasar utama, di pasar yang                            in the absence of a principal market, in the
              paling menguntungkan untuk aset atau                                 most advantageous market for the asset or
              liabilitas tersebut.                                                 liability.

          Nilai wajar suatu aset dan liabilitas diukur                        The fair value of an asset or a liability should be
          menggunakan asumsi yang akan digunakan                              measured using the assumptions that market
          pelaku pasar ketika menentukan harga aset atau                      participants would use when pricing the asset or
          liabilitas tersebut, dengan asumsi bahwa pelaku                     liability, assuming that market participants act in
          pasar bertindak dalam kepentingan ekonomi                           their best economic interest.
          terbaiknya.


                                                              33
Page 891
                                                                              The original financial statements included herein are in
                                                                                                                Indonesian language.

            PT BANK MANDIRI TASPEN                                            PT BANK MANDIRI TASPEN
       CATATAN ATAS LAPORAN KEUANGAN                                     NOTES TO THE FINANCIAL STATEMENTS
        Tanggal 31 Desember 2025 dan untuk                                    As of December 31, 2025 and
     Tahun yang Berakhir pada Tanggal Tersebut                                  for the Year Then Ended
          (Disajikan dalam jutaan Rupiah,                                   (Expressed in millions of Rupiah,
              kecuali dinyatakan lain)                                          unless otherwise stated)


2.   IKHTISAR INFORMASI KEBIJAKAN AKUNTANSI                         2.   SUMMARY OF MATERIAL ACCOUNTING
     YANG MATERIAL (lanjutan)                                            POLICIES INFORMATION (continued)
     d.   Penentuan Nilai Wajar (lanjutan)                               d.    Determination of Fair Value (continued)
          Pengukuran nilai wajar aset non-keuangan                             A fair value measurement of a non-financial
          memperhitungkan kemampuan pelaku pasar                               asset takes into account a market participant's
          untuk menghasilkan manfaat ekonomis dengan                           ability to generate economic benefits by using
          menggunakan aset dalam penggunaan tertinggi                          the asset in its highest and best use or by selling
          dan terbaiknya atau dengan menjualnya kepada                         it to another market participant that would use
          pelaku pasar lain yang akan menggunakan aset                         the asset in its highest and best use.
          tersebut dalam penggunaan tertinggi dan
          terbaiknya.
          Nilai wajar untuk instrumen keuangan yang                            The fair value of financial instruments traded in
          diperdagangkan di pasar aktif, seperti efek-efek,                    active markets, such as securities, is
          ditentukan berdasarkan nilai pasar yang berlaku                      determined based on quoted market prices at
          pada tanggal laporan posisi keuangan                                 the statement of financial position date from
          menggunakan harga yang dipublikasikan secara                         credible sources, such as quoted market prices
          rutin dan berasal dari sumber yang terpercaya,                       from Bloomberg, Reuters or broker’s quoted
          seperti Bloomberg, Reuters atau harga yang                           price.
          diberikan oleh broker (quoted price).
          Instrumen keuangan dianggap memiliki kuotasi                         A financial instrument is regarded as quoted in
          di pasar aktif, jika harga kuotasi tersedia                          an active market, if quoted prices are readily
          sewaktu-waktu dan dapat diperoleh secara rutin                       and regularly available from an exchange,
          dari bursa, pedagang efek (dealer), perantara                        dealer, broker and those prices represent actual
          efek (broker) dan harga tersebut mencerminkan                        and regularly occurring market transactions on
          transaksi pasar yang aktual dan rutin dalam                          an arm’s length basis. If the above criteria are
          suatu transaksi yang wajar. Jika kriteria di atas                    not met, the market is regarded as being
          tidak terpenuhi, maka pasar aktif dinyatakan                         inactive. Indications that a market is inactive are
          tidak tersedia. Indikasi-indikasi dari pasar tidak                   when there is a wide bid-offer spread,
          aktif adalah terdapat selisih yang besar antara                      significant increase in the bid-offer spread or
          harga penawaran dan permintaan atau kenaikan                         there are few recent transactions.
          signifikan dalam selisih harga penawaran dan
          permintaan dan hanya terdapat beberapa
          transaksi terkini.
          Untuk efek-efek yang tidak mempunyai harga                           For securities with no quoted market price, a
          pasar, estimasi atas nilai wajar efek-efek                           reasonable estimate of the fair value is
          ditetapkan dengan mengacu pada nilai wajar                           determined by reference to the current market
          instrumen lain yang substansinya sama atau                           value of another instrument which substantially
          dihitung berdasarkan arus kas yang diharapkan                        has the same characteristics or calculated
          terhadap aset bersih efek-efek tersebut.                             based on the expected cash flows of the
                                                                               underlying net asset base of the securities.
     e.   Transaksi dengan Pihak-Pihak Berelasi                          e.    Related Parties Transactions
          Bank melakukan transaksi dengan pihak-pihak                          The Bank enter into transactions with related
          berelasi, yang didefinisikan antara lain:                            parties, which are defined as follows:
          a)   Orang atau anggota keluarga terdekat                            a)   Person or close family member of that
               mempunyai relasi dengan entitas pelapor                              person is related to the reporting entity if
               jika orang tersebut:                                                 that person:
               i.   memiliki       pengendalian       atau                          i.    has control or joint control of the
                    pengendalian bersama atas entitas                                     reporting entity;
                    pelapor;
               ii. memiliki pengaruh signifikan atas                                ii.  it has significant influence over the
                    entitas pelapor; atau                                                reporting entity; or
               iii. personil manajemen kunci entitas                                iii. is a member of the key management
                    pelapor atau entitas induk dari entitas                              personnel of the reporting entity or of a
                    pelapor.                                                             parent of the reporting entity.

                                                               34
Page 892
                                                                                The original financial statements included herein are in
                                                                                                                  Indonesian language.

            PT BANK MANDIRI TASPEN                                              PT BANK MANDIRI TASPEN
       CATATAN ATAS LAPORAN KEUANGAN                                       NOTES TO THE FINANCIAL STATEMENTS
        Tanggal 31 Desember 2025 dan untuk                                      As of December 31, 2025 and
     Tahun yang Berakhir pada Tanggal Tersebut                                    for the Year Then Ended
          (Disajikan dalam jutaan Rupiah,                                     (Expressed in millions of Rupiah,
              kecuali dinyatakan lain)                                            unless otherwise stated)


2.   IKHTISAR INFORMASI KEBIJAKAN AKUNTANSI                           2.   SUMMARY OF MATERIAL ACCOUNTING
     YANG MATERIAL (lanjutan)                                              POLICIES INFORMATION (continued)

     e.   Transaksi      dengan     Pihak-Pihak     Berelasi               e.    Related Parties Transactions (continued)
          (lanjutan)

          Bank melakukan transaksi dengan pihak-pihak                            The Bank enter into transactions with related
          berelasi, yang didefinisikan antara lain:                              parties, which are defined as follows:
          (lanjutan)                                                             (continued)

          b)   Satu entitas berelasi dengan entitas pelapor                      b)   An entity is related to a reporting entity if
               jika memenuhi salah satu hal berikut:                                  any of the following condition applies:

               i.    entitas dan entitas pelapor adalah                               i.    the entity and the reporting entity are
                     anggota dari kelompok usaha yang                                       members of the same group (which
                     sama (artinya entitas induk, entitas                                   means that each parent, subsidiary
                     anak, dan entitas anak berikutnya                                      and fellow subsidiary is related to the
                     terkait dengan entitas lain).                                          others);

               ii.   satu entitas adalah entitas asosiasi                             ii.   one entity is an associate or joint
                     atau ventura bersama dari entitas lain                                 venture of the other entity (or an
                     (atau entitas asosiasi atau ventura                                    associate or joint venture of a member
                     bersama yang merupakan anggota                                         of a group, which the other entity is a
                     suatu kelompok usaha, yang mana                                        member);
                     entitas    lain   tersebut     adalah
                     anggotanya).

               iii. kedua entitas tersebut adalah ventura                             iii. both entities are joint ventures of the
                    bersama dari pihak ketiga yang sama.                                   same third party.

               iv.   satu entitas adalah ventura bersama                              iv. one entity is a joint venture of a third
                     dari entitas ketiga dan entitas yang lain                            entity and the other entity is an
                     adalah entitas asosiasi dari entitas                                 associate of the third entity.
                     ketiga.

               v.    entitas tersebut adalah suatu program                            v. the entity is a post-employment benefit
                     imbalan pasca kerja untuk imbalan                                   plan for the benefit of employees of
                     kerja    dari   salah   satu    entitas                             either the reporting entity or an entity
                     pelapor atau entitas yang terkait                                   related to the reporting entity If the
                     dengan entitas pelapor. Jika entitas                                reporting entity is itself such a plan, the
                     pelapor     adalah     entitas   yang                               sponsoring employers are also related
                     menyelenggarakan program tersebut,                                  to the reporting entity.
                     maka entitas sponsor juga berelasi
                     dengan entitas pelapor.

               vi.   entitas     yang    dikendalikan atau                            vi. the entity is controlled or jointly
                     dikendalikan bersama oleh orang yang                                 controlled by a person identified in (a);
                     diidentifikasi dalam huruf (a).

               vii. orang yang diidentifikasi dalam huruf                              vii. a person identified in (a)(i) has
                    (a)(i) memiliki pengaruh signifikan atas                                significant influence over the entity or
                    entitas atau personil manajemen kunci                                   is a member of the key management
                    entitas (atau entitas induk dari entitas).                              personnel of the entity (or a parent of
                                                                                            the entity).

               Semua transaksi signifikan dengan pihak-                               All significant transactions with related
               pihak    berelasi, diungkapkan     pada                                parties are disclosed in Note 36.
               Catatan 36.




                                                                 35
Page 893
                                                                               The original financial statements included herein are in
                                                                                                                 Indonesian language.

            PT BANK MANDIRI TASPEN                                              PT BANK MANDIRI TASPEN
       CATATAN ATAS LAPORAN KEUANGAN                                       NOTES TO THE FINANCIAL STATEMENTS
        Tanggal 31 Desember 2025 dan untuk                                      As of December 31, 2025 and
     Tahun yang Berakhir pada Tanggal Tersebut                                    for the Year Then Ended
          (Disajikan dalam jutaan Rupiah,                                     (Expressed in millions of Rupiah,
              kecuali dinyatakan lain)                                            unless otherwise stated)


2.   IKHTISAR INFORMASI KEBIJAKAN AKUNTANSI                          2.   SUMMARY OF MATERIAL ACCOUNTING
     YANG MATERIAL (lanjutan)                                             POLICIES INFORMATION (continued)

     f.   Kas dan Setara Kas                                              f.    Cash and Cash Equivalents

          Kas dan setara kas mencakup kas, giro pada                            Cash and cash equivalents consist of cash,
          Bank Indonesia, giro pada bank lain, dan                              current accounts with Bank Indonesia, current
          investasi jangka pendek likuid lainnya dengan                         accounts with other banks, and other short-term
          jangka waktu jatuh tempo 3 (tiga) bulan atau                          highly liquid investments with original maturities
          kurang sejak tanggal perolehannya dan yang                            of 3 (three) months or less since the date of
          penggunaannya tidak dibatasi.                                         acquisition and which are not restricted.

     g.   Giro pada Bank Indonesia dan Bank Lain                          g.    Current Accounts with Bank Indonesia and
                                                                                Other Banks

          Giro pada Bank Indonesia dan Bank lain                                Current accounts with Bank Indonesia and
          diklasifikasikan sebagai biaya perolehan                              other Banks are classified as amortized cost.
          diamortisasi. Lihat Catatan 2.c.i.c untuk                             See Note 2.c.i.c for the accounting policies of
          kebijakan akuntansi atas aset keuangan yang                           financial assets at amortized cost.
          diukur pada biaya perolehan diamortisasi.

          Pada pengukuran awal, giro pada Bank                                  Current accounts with Bank Indonesia and
          Indonesia dan bank lain disajikan sebesar nilai                       other banks are initially measured at fair value
          wajar ditambah dengan biaya transaksi yang                            plus directly attributable transaction cost less
          dapat diatribusikan secara langsung dikurangi                         allowance for impairment losses, if necessary.
          dengan cadangan kerugian penurunan nilai, jika
          diperlukan.

     h.   Penempatan pada Bank Indonesia dan Bank                         h.    Placements with Bank Indonesia and Other
          Lain                                                                  Banks

          Penempatan pada Bank Indonesia dan bank lain                          Placements with Bank Indonesia and other
          merupakan penanaman dana dalam bentuk                                 banks represent placements in the form of Bank
          Fasilitas Simpanan Bank Indonesia (“FASBI”),                          Indonesia Deposit Facility ("FASBI"), call
          call money, deposit on call, term deposit,                            money, deposit on call, term deposit, time
          deposito berjangka dan tabungan.                                      deposit and saving deposits.

          Penempatan pada Bank Indonesia dan bank lain                          Placements with Bank Indonesia and other
          diklasifikasikan sebagai biaya perolehan                              banks are classified as amortized cost. Refer to
          diamortisasi. Lihat Catatan 2.c.i.c untuk                             Note 2.c.i.c for the accounting policies of
          kebijakan akuntansi atas aset keuangan yang                           financial assets at amortized cost.
          diukur pada biaya perolehan diamortisasi.

          Pada pengukuran awal, penempatan pada Bank                            Placements with Bank Indonesia and other
          Indonesia dan bank lain disajikan sebesar nilai                       banks are initially measured at fair value plus
          wajar ditambah dengan biaya transaksi yang                            directly attributable transaction cost less
          dapat diatribusikan secara langsung dikurangi                         allowance for impairment losses, if necessary.
          dengan cadangan kerugian penurunan nilai, jika
          diperlukan.

     i.   Efek-Efek                                                       i.    Securities

          Efek-efek yang dimiliki terdiri dari efek-efek yang                   Securities held consist of securities traded on
          diperdagangkan di pasar uang seperti Sekuritas                        the money market such as Bank Indonesia
          Rupiah Bank Indonesia (“SRBI”), Sertifikat Bank                       Rupiah Securities (“SRBI”), Certificates of Bank
          Indonesia (“SBI”), Sertifikat Deposito Bank                           Indonesia ("SBI"), Certificates of Deposit of
          Indonesia (“SDBI”), Negotiable Certificate of                         Bank      Indonesia      ("SDBI"),    Negotiable
          Deposits dan efek-efek yang diperdagangkan di                         Certificates of Deposits and securities traded on
          bursa efek seperti Obligasi.                                          stock exchanges such as Bonds.



                                                                36
Page 894
                                                                              The original financial statements included herein are in
                                                                                                                Indonesian language.

            PT BANK MANDIRI TASPEN                                             PT BANK MANDIRI TASPEN
       CATATAN ATAS LAPORAN KEUANGAN                                      NOTES TO THE FINANCIAL STATEMENTS
        Tanggal 31 Desember 2025 dan untuk                                     As of December 31, 2025 and
     Tahun yang Berakhir pada Tanggal Tersebut                                   for the Year Then Ended
          (Disajikan dalam jutaan Rupiah,                                    (Expressed in millions of Rupiah,
              kecuali dinyatakan lain)                                           unless otherwise stated)


2.   IKHTISAR INFORMASI KEBIJAKAN AKUNTANSI                         2.   SUMMARY OF MATERIAL ACCOUNTING
     YANG MATERIAL (lanjutan)                                            POLICIES INFORMATION (continued)

     i.   Efek-Efek (lanjutan)                                           i.    Securities (continued)

          Efek-efek     diklasifikasikan    sebagai    aset                    Securities are classified as fair value through
          keuangan dalam kelompok nilai wajar melalui                          profit or loss, fair value through other
          laba rugi, nilai wajar melalui penghasilan                           comprehensive income and amortized cost
          komprehensif lain dan biaya perolehan                                financial assets. Refer to Note 2.c for the
          diamortisasi. Lihat Catatan 2.c untuk kebijakan                      accounting policies of financial assets at fair
          akuntansi atas aset keuangan yang diukur pada                        value through profit or loss, fair value through
          nilai wajar melalui laba rugi, nilai wajar melalui                   other comprehensive income and amortized
          penghasilan komprehensif lain dan biaya                              cost financial assets.
          perolehan diamortisasi.
          Pada pengukuran awal, efek-efek disajikan                            Securities are initially measured at fair value
          sebesar nilai wajar ditambah dengan biaya                            plus directly attributable transaction costs,
          transaksi yang dapat diatribusikan secara                            except for those measured at fair value through
          langsung, kecuali untuk efek-efek yang diukur                        profit or loss.
          melalui laba rugi.

          Untuk efek-efek yang diperdagangkan di pasar                         For securities which are traded in organised
          keuangan yang terorganisasi, nilai wajar                             financial markets, fair value is generally
          tersebut umumnya ditentukan dengan mengacu                           determined by reference to quoted market
          pada harga pasar yang terjadi di bursa efek                          prices by the stock exchanges at the close of
          pada tanggal yang terdekat dengan tanggal                            business on the statement of financial position
          laporan posisi keuangan. Untuk efek-efek yang                        date. For securities with no quoted market price,
          tidak mempunyai harga pasar, estimasi atas nilai                     a reasonable estimate of the fair value is
          wajar efek-efek ditetapkan dengan mengacu                            determined by reference to the current market
          pada nilai wajar instrumen lain yang                                 value of another instrument which substantially
          substansinya sama atau dihitung berdasarkan                          have the same characteristic or calculated
          arus kas yang diharapkan terhadap aset bersih                        based on the expected cash flows of the
          efek-efek tersebut. Penurunan nilai wajar                            underlying net asset base of the securities. Any
          permanen atas efek-efek dibebankan pada                              permanent impairment in the fair value of
          laporan laba rugi tahun berjalan.                                    securities is charged to current year’s statement
                                                                               of profit or loss.

          Pemindahan efek ke klasifikasi dimiliki hingga                       Reclassification of securities to held-to-maturity
          jatuh tempo dari klasifikasi tersedia untuk dijual                   classification from available-for-sale are
          dicatat sebesar nilai wajarnya. Keuntungan atau                      recorded at fair value. Unrealized gains or
          kerugian yang belum direalisasi tetap dilaporkan                     losses are recorded in the equity section and
          dalam komponen ekuitas dan diamortisasi                              will be amortized over the remaining lives of the
          dengan metode suku bunga efektif selama sisa                         securities using the effective interest rate
          umur efek tersebut ke laporan laba rugi.                             method through the statement of profit or loss.
     j.   Efek-efek yang Dibeli dengan Janji untuk                       j.    Securities Purchased under Agreements to
          Dijual Kembali dan Efek-Efek yang Dijual                             Resell    and   Securities  Sold  under
          dengan Janji Dibeli Kembali                                          Agreements to Repurchase

          Efek-efek yang dibeli dengan janji untuk dijual                      Securities purchased under agreements to
          kembali disajikan sebagai aset dalam laporan                         resell are presented as asset in the statement
          posisi keuangan sebesar jumlah penjualan                             of financial position, at the resale price net of
          kembali dikurangi dengan pendapatan bunga                            unamortized interest income and allowance for
          yang belum diamortisasi dan cadangan kerugian                        impairment losses. The difference between the
          penurunan nilai. Selisih antara harga beli                           purchase price and the resale price is treated as
          dengan harga jual kembali diperlakukan sebagai                       unearned interest income, and recognized as
          pendapatan bunga yang ditangguhkan, dan                              income over the period starting from when
          diakui sebagai pendapatan selama periode                             those securities are purchased until they are
          sejak    efek-efek    dibeli   hingga    dijual                      sold using effective interest rate method.
          menggunakan metode suku bunga efektif.
          Efek-efek yang dibeli dengan janji untuk dijual                      Securities purchased under agreements to
          kembali    diklasifikasikan  sebagai     biaya                       resell are classified as amortized cost.
          perolehan diamortisasi.
                                                               37
Page 895
                                                                               The original financial statements included herein are in
                                                                                                                 Indonesian language.

            PT BANK MANDIRI TASPEN                                              PT BANK MANDIRI TASPEN
       CATATAN ATAS LAPORAN KEUANGAN                                       NOTES TO THE FINANCIAL STATEMENTS
        Tanggal 31 Desember 2025 dan untuk                                      As of December 31, 2025 and
     Tahun yang Berakhir pada Tanggal Tersebut                                    for the Year Then Ended
          (Disajikan dalam jutaan Rupiah,                                     (Expressed in millions of Rupiah,
              kecuali dinyatakan lain)                                            unless otherwise stated)


2.   IKHTISAR INFORMASI KEBIJAKAN AKUNTANSI                          2.   SUMMARY OF MATERIAL ACCOUNTING
     YANG MATERIAL (lanjutan)                                             POLICIES INFORMATION (continued)

     j.    Efek-efek yang Dibeli dengan Janji untuk                       j.    Securities Purchased under Agreements to
           Dijual Kembali dan Efek-Efek yang Dijual                             Resell    and   Securities  Sold  under
           dengan Janji Dibeli Kembali (lanjutan)                               Agreements to Repurchase (continued)

           Efek-efek yang dijual dengan janji dibeli kembali                    Securities     sold     under      repurchase
           disajikan sebagai liabilitas dalam laporan posisi                    agreements are presented as liabilities in the
           keuangan sebesar harga pembelian kembali                             statement of financial position at the agreed
           yang disepakati.                                                     repurchase price

     k.    Kredit Yang Diberikan                                          k.    Loans

           Kredit yang diberikan adalah penyediaan uang                         Loans represent agreement to provide cash or
           atau tagihan yang dapat disetarakan dengan                           cash equivalents based on agreements with
           kas, berdasarkan persetujuan atau kesepakatan                        borrowers, where borrowers are required to
           pinjam meminjam dengan debitur yang                                  repay their debts with interest after a specified
           mewajibkan debitur untuk melunasi utang                              period.
           berikut bunganya setelah jangka waktu tertentu.
           Kredit yang diberikan diklasifikasikan sebagai                       Loans are classified as amortized cost. Refer to
           biaya     perolehan     diamortisasi.    Lihat                       Note 2.c.i.c for the accounting policies of
           Catatan 2.c.i.c untuk kebijakan akuntansi atas                       financial assets at amortized cost.
           aset keuangan yang diukur pada biaya
           perolehan diamortisasi.

           Restrukturisasi Kredit Bermasalah                                    Loan Restructuring

           Kerugian yang timbul dari restrukturisasi kredit                     Losses on loan restructurings due to
           yang berkaitan dengan modifikasi persyaratan                         modification of terms of loans are recognized
           kredit diakui bila nilai sekarang dari jumlah                        only if the present value of total future cash
           penerimaan kas yang akan datang yang telah                           receipts specified by the new terms of the loans
           ditentukan dalam persyaratan kredit yang baru,                       including receipts designated as interest and
           termasuk penerimaan yang diperuntukkan                               loan principal, are less than the carrying amount
           sebagai bunga maupun pokok, adalah lebih kecil                       of loans before restructuring.
           dari nilai kredit yang diberikan yang tercatat
           sebelum restrukturisasi.

     l.    Aset Tetap                                                     l.    Fixed Assets

           Tanah dinyatakan sebesar harga perolehan dan                         Land is stated at cost and is not depreciated.
           tidak disusutkan.

           Aset tetap diakui sebesar biaya perolehan dan                        Fixed assets are stated at cost and
           selanjutnya dipertanggungjawabkan dengan                             subsequently accounted using the cost method
           menggunakan model biaya (cost method) dan                            and stated at cost minus accumulated
           dinyatakan sebesar nilai perolehan dikurangi                         depreciation.
           dengan akumulasi penyusutan.

           Penyusutan dihitung dengan menggunakan                               Depreciation is computed using the straight-line
           metode garis lurus (straight-line) berdasarkan                       method based on the estimated useful lives of
           estimasi masa manfaat ekonomis aset tetap                            the assets as follows:
           sebagai berikut:
                                             Masa manfaat/
                                              Useful lives            Persentase/
                                            (Tahun)/(Years)           Percentage

          Bangunan                                         20                         5%                                     Buildings
          Leasehold improvements                            5                        20%                      Leasehold improvements
          Kendaraan                                         5                        20%                                      Vehicles
          Mesin Kantor                                      4                        25%                              Office machines
          Peralatan Kantor                                4-8                  12.5%-25%                             Office equipment

                                                                38
Page 896
                                                                              The original financial statements included herein are in
                                                                                                                Indonesian language.

            PT BANK MANDIRI TASPEN                                             PT BANK MANDIRI TASPEN
       CATATAN ATAS LAPORAN KEUANGAN                                      NOTES TO THE FINANCIAL STATEMENTS
        Tanggal 31 Desember 2025 dan untuk                                     As of December 31, 2025 and
     Tahun yang Berakhir pada Tanggal Tersebut                                   for the Year Then Ended
          (Disajikan dalam jutaan Rupiah,                                    (Expressed in millions of Rupiah,
              kecuali dinyatakan lain)                                           unless otherwise stated)


2.   IKHTISAR INFORMASI KEBIJAKAN AKUNTANSI                         2.   SUMMARY OF MATERIAL ACCOUNTING
     YANG MATERIAL (lanjutan)                                            POLICIES INFORMATION (continued)
     l.   Aset Tetap (lanjutan)                                          l.    Fixed Assets (continued)
          Pembelian barang inventaris akan dikapitalisir                       The purchases of inventory will be capitalized to
          menjadi aset tetap apabila kriteria nilai                            a fixed asset if the cost of the acquisition value
          perolehannya sebesar Rp2 atau lebih per                              is Rp2 or higher per unit/asset, while inventories
          satuan/aset, sedangkan inventaris yang dibeli                        purchased for less than Rp2 are recorded by
          dengan harga kurang dari Rp2 dicatat oleh unit                       the asset and operations unit head office as an
          kerja aset dan operasional kantor pusat sebagai                      expense in the statement of profit or loss.
          beban pada laporan laba rugi.
          Biaya perbaikan dan perawatan dibebankan                             The cost of repairs and maintenance is charged
          langsung ke laporan laba rugi pada saat                              directly to the statement of profit or loss as
          terjadinya, sedangkan penambahan dalam                               incurred, while significant addition are
          jumlah     signifikan  dikapitalisasi   apabila                      capitalized when it is probable that future
          kemungkinan besar Bank akan mendapatkan                              economic benefits will be greater than the initial
          manfaat ekonomi masa depan dari aset tersebut                        performance standards set previously and
          yang melebihi standar kinerja yang diperkirakan                      depreciated over the remaining useful lives of
          sebelumnya dan disusutkan sepanjang sisa                             related fixed assets.
          masa manfaat aset tetap terkait.

          Apabila suatu aset tetap tidak lagi digunakan                        When fixed assets are retired or otherwise
          atau dijual, nilai perolehan dan akumulasi                           disposed of, their carrying values and the
          penyusutan aset tersebut dikeluarkan dari                            related accumulated depreciation are removed
          pencatatannya sebagai aset tetap, dan laba atau                      from the record as fixed assets, and the
          rugi yang terjadi diperhitungkan dalam laporan                       resulting gains or losses are recognized in the
          laba rugi tahun berjalan.                                            current year statement of profit or loss.

          Biaya perolehan hak atas tanah dalam bentuk                          Land cost of land rights in the form of business
          hak guna usaha, hak guna bangunan dan hak                            usage rights, building usage rights and usage
          pakai diakui sebagai aset tetap. Biaya perolehan                     rights is recognized as fixed assets. This cost is
          tersebut merupakan biaya yang dapat                                  the directly attributable cost to acquire the
          diatribusikan    secara      langsung      untuk                     landrights including the legal cost of obtaining
          memperoleh hak atas tanah tersebut termasuk                          legal land rights when the land is first acquired.
          biaya pengurusan legal hak atas tanah ketika
          tanah diperoleh pertama kali.
          Hak atas tanah dalam bentuk hak guna usaha,                          Land rights in the form of business usage rights,
          hak guna bangunan dan hak pakai tidak                                building usage rights and usage rights not
          disusutkan, kecuali terdapat bukti yang                              depreciated, unless there is evidence to
          mengindikasikan bahwa perpanjangan atau                              indicate that the extension or renewal of land
          pembaruan     hak   atas    tanah     tersebut                       rights is likely to or definitely not obtained.
          kemungkinan besar atau pasti tidak diperoleh.
          Estimasi masa manfaat ekonomis, metode                               The estimated useful lives, depreciation
          penyusutan, dan nilai residu aset tetap dikaji                       method, and residual value of fixed assets are
          ulang pada setiap akhir periode pelaporan dan                        reviewed at the end of each reporting period
          disesuaikan secara prospektif.                                       and are adjusted prospectively.
          Nilai tercatat aset tetap dikaji ulang setiap                        The carrying amounts of fixed assets are
          tanggal laporan posisi keuangan untuk menilai                        reviewed at each statement of financial position
          apakah aset tetap tersebut nilai tercatatnya lebih                   date to assess whether they are recorded in
          tinggi dari estimasi jumlah yang dapat diperoleh                     excess of their estimated recoverable amounts.
          kembali (estimated recoverable amount) dari
          aset tetap tersebut.

          Jika nilai tercatat aset tetap melebihi taksiran                     If the carrying value exceeds this estimated
          jumlah yang dapat diperoleh kembali dari aset                        recoverable amount, assets are written down to
          tetap tersebut, nilai tercatat aset tetap harus                      their recoverable amount.
          diturunkan menjadi nilai yang dapat diperoleh
          kembali dari aset tetap tersebut.

                                                               39
Page 897
                                                                         The original financial statements included herein are in
                                                                                                           Indonesian language.

            PT BANK MANDIRI TASPEN                                          PT BANK MANDIRI TASPEN
       CATATAN ATAS LAPORAN KEUANGAN                                   NOTES TO THE FINANCIAL STATEMENTS
        Tanggal 31 Desember 2025 dan untuk                                  As of December 31, 2025 and
     Tahun yang Berakhir pada Tanggal Tersebut                                for the Year Then Ended
          (Disajikan dalam jutaan Rupiah,                                 (Expressed in millions of Rupiah,
              kecuali dinyatakan lain)                                        unless otherwise stated)


2.   IKHTISAR INFORMASI KEBIJAKAN AKUNTANSI                       2.   SUMMARY OF MATERIAL ACCOUNTING
     YANG MATERIAL (lanjutan)                                          POLICIES INFORMATION (continued)

     m. Aset dan Liabilitas Sewa                                       m. Lease Assets and Liabilities

        Bank mengakui aset hak guna pada tanggal                           The Bank recognizes the rights of use assets on
        dimulainya sewa. Aset hak guna diukur pada                         the inception date of the lease. Rights of use
        biaya      perolehan,    dikurangi    akumulasi                    assets are measured at cost, less accumulated
        penyusutan dan kerugian penurunan nilai, dan                       depreciation and impairment losses, and
        disesuaikan untuk setiap pengukuran kembali                        adjusted for any remeasurement of the lease
        liabilitas sewa. Liabilitas sewa merupakan                         liabilities. Lease liabilities are the amount of
        jumlah pembayaran sewa yang masih harus                            lease payments accrued until the end of the
        dibayar hingga akhir masa sewa yang                                lease term, discounted using the incremental
        didiskontokan dengan menggunakan suku                              borrowing interest rate. The cost of rights of use
        bunga pinjaman inkremental. Biaya aset hak                         assets includes the amount of lease liability
        guna mencakup jumlah liabilitas sewa yang                          recognized, initial direct costs paid, recovery
        diakui, biaya langsung awal yang dibayarkan,                       costs and lease payments made on or before
        biaya pemulihan dan pembayaran sewa yang                           the start date of the lease less lease incentives
        dilakukan pada atau sebelum tanggal mulai                          received. Rights of use assets are depreciated
        sewa dikurangi insentif sewa yang diterima. Aset                   using the straight-line method over the shorter
        hak guna disusutkan dengan metode garis lurus                      period between the lease term and the
        selama jangka waktu yang lebih pendek antara                       estimated useful life of the asset, as follows:
        masa sewa dengan estimasi masa manfaat
        aset, sebagai berikut:
                                                     Masa manfaat/
                                                      Useful lives
                                                    (Tahun)/(Years)
       Bangunan                                             3-5                                                      Buildings
       Kendaraan                                             3                                                       Vehicles

        Jika kepemilikan aset sewa dialihkan ke Bank                       If ownership of the leased asset is transferred
        pada akhir masa sewa atau pembayaran sewa                          to the Bank at the end of the lease term or the
        mencerminkan pelaksanaan opsi pembelian,                           lease payment reflects the exercise of the
        penyusutan dihitung menggunakan estimasi                           purchase option, depreciation is calculated
        masa manfaat ekonomis aset. Aset hak guna                          using the estimated economic benefit of the
        diuji penurunan nilainya sesuai dengan                             asset. Rights of use assets are tested for
        PSAK 236, “Penurunan Nilai Aset”.                                  impairment in accordance with PSAK 236,
                                                                           “Impairment of Assets”.

        Pada tanggal dimulainya sewa, Bank mengakui                        At the inception date of the lease, the Bank
        liabilitas sewa yang diukur pada nilai kini dari                   recognizes lease liabilities at the present value
        pembayaran sewa masa depan yang akan                               of future lease payments that will be made over
        dilakukan selama masa sewa. Pembayaran                             the lease term. Lease payments include fixed
        sewa termasuk pembayaran tetap (termasuk                           payments         (including   substantially  fixed
        pembayaran tetap secara-substansi) dikurangi                       payments) less lease incentive receivables,
        piutang insentif sewa, pembayaran sewa                             variable lease payments that are index or
        variabel yang bergantung pada indeks atau suku                     interest rate dependent, and the amount
        bunga, dan jumlah yang diharapkan akan                             expected to be paid in a residual value
        dibayar dalam jaminan nilai residu. Pembayaran                     guarantee. Lease payments also include the
        sewa juga termasuk harga eksekusi opsi                             reasonable exercise price for the purchase
        pembelian yang wajar jika dipastikan akan                          option if it is determined to be made by the Bank
        dilakukan oleh Bank dan pembayaran penalti                         and the payment of a penalty to terminate the
        untuk mengakhiri sewa, jika jangka waktu sewa                      lease, if the lease term reflects the Bank
        mencerminkan Bank mengeksekusi opsi                                exercising the lease termination option.
        penghentian sewa. Pembayaran sewa variabel                         Variable lease payments that are independent
        yang tidak tergantung pada indeks atau suku                        of indexes or interest rates are recognized as
        bunga diakui sebagai beban pada periode di                         an expense in the period in which the event or
        mana peristiwa atau kondisi yang memicu                            condition that triggers the payment occurs.
        pembayaran terjadi.



                                                           40
Page 898
                                                                             The original financial statements included herein are in
                                                                                                               Indonesian language.

            PT BANK MANDIRI TASPEN                                           PT BANK MANDIRI TASPEN
       CATATAN ATAS LAPORAN KEUANGAN                                    NOTES TO THE FINANCIAL STATEMENTS
        Tanggal 31 Desember 2025 dan untuk                                   As of December 31, 2025 and
     Tahun yang Berakhir pada Tanggal Tersebut                                 for the Year Then Ended
          (Disajikan dalam jutaan Rupiah,                                  (Expressed in millions of Rupiah,
              kecuali dinyatakan lain)                                         unless otherwise stated)


2.   IKHTISAR INFORMASI KEBIJAKAN AKUNTANSI                        2.   SUMMARY OF MATERIAL ACCOUNTING
     YANG MATERIAL (lanjutan)                                           POLICIES INFORMATION (continued)

     m. Aset dan Liabilitas Sewa (lanjutan)                             m. Lease Assets and Liabilities (continued)

          Dalam menghitung nilai kini dari pembayaran                         In calculating the present value of lease
          sewa, Bank menggunakan suku bunga                                   payments, the Bank uses the incremental
          pinjaman inkremental penyewa pada tanggal                           borrowing interest rate of the lessee at the start
          dimulainya sewa karena suku bunga implisit                          date of the lease because the interest rate
          dalam sewa tidak dapat ditentukan. Setelah                          implicit in the lease cannot be determined. After
          tanggal dimulainya sewa, jumlah liabilitas sewa                     the commencement date of the lease, the
          ditingkatkan untuk mencerminkan pertambahan                         amount of the lease liability is increased to
          bunga dan dikurangi pembayaran sewa yang                            reflect the increase in interest and less lease
          dilakukan. Selain itu, jumlah tercatat liabilitas                   payments made. In addition, the carrying
          sewa diukur kembali jika terdapat modifikasi,                       amount of the lease liability is remeasured if
          perubahan jangka waktu sewa, perubahan                              there are modifications, changes in the term of
          pembayaran sewa, atau perubahan dalam                               the lease, changes in lease payments, or
          penilaian opsi untuk membeli aset pendasar.                         changes in the valuation of the option to
                                                                              purchase the underlying asset.

          Sewa jangka pendek dengan durasi kurang dari                        Short-term leases with a duration of less than
          12 bulan dan sewa aset bernilai rendah, serta                       12 months and leases of low value assets, as
          elemen-elemen sewa tersebut, sebagian atau                          well as elements of the lease, partially or wholly
          seluruhnya tidak menerapkan prinsip-prinsip                         do not apply the recognition principles
          pengakuan yang ditentukan oleh PSAK 116                             stipulated by PSAK 116 will be treated the same
          akan diperlakukan sama dengan sewa operasi.                         as operating. Bank will recognize such lease
          Bank akan mengakui pembayaran sewa                                  payments on a straight-line basis over the lease
          tersebut dengan dasar garis lurus selama masa                       term in the statement of profit or loss. These
          sewa dalam laporan laba rugi. Beban ini                             expenses are disclosed under general and
          diungkapkan    pada    beban      umum    dan                       administrative expenses.
          administrasi.

          Penerapan pencatatan PSAK 116 berlaku untuk                         The application of PSAK 116 listing applies to
          seluruh sewa (kecuali sebagaimana yang                              all leases (except as stated earlier), which are
          disebutkan sebelumnya), yaitu sebagai berikut:                      as follows:

          (a)   Mengungkapkan aset hak guna sebagai                           (a) Disclose rights of use assets as part of
                bagian dari aset tetap dan liabilitas sewa                        fixed assets and lease liabilities are
                diungkapkan sebagai bagian dari liabilitas                        disclosed as part of other liabilities in the
                lain-lain dalam laporan posisi keuangan,                          statement of financial position, measured
                yang diukur pada nilai kini pembayaran                            at the present value of future lease
                sewa masa depan;                                                  payments.

          (b) Mencatat penyusutan aset hak guna dan                           (b) Record depreciation of rights of use assets
              bunga atas liabilitas sewa dalam laporan                            and interest on lease liabilities in the
              laba rugi;                                                          statements of profit or loss;

          (c) Memisahkan jumlah total pembayaran ke                           (c) Separating the total payment amount into
              bagian pokok (disajikan dalam kegiatan                              principal (presented in financing activities)
              pendanaan) dan bunga (disajikan dalam                               and interest (presented in operating
              kegiatan operasional) dalam laporan arus                            activities) in the statement of cash flows.
              kas.

     n.   Aset Tak Berwujud                                             n.    Intangible Assets

          Aset tak berwujud diakui jika, dan hanya jika,                      Intangible assets are recognized if, and only if,
          biaya perolehan aset tersebut dapat diukur                          its cost can be measured reliably and it is
          secara andal dan kemungkinan besar Bank                             probable that expected future benefits that are
          akan memperoleh manfaat ekonomis masa                               attributable to it will flow to the Bank.
          depan dari aset tersebut.


                                                              41
Page 899
                                                                              The original financial statements included herein are in
                                                                                                                Indonesian language.

            PT BANK MANDIRI TASPEN                                            PT BANK MANDIRI TASPEN
       CATATAN ATAS LAPORAN KEUANGAN                                     NOTES TO THE FINANCIAL STATEMENTS
        Tanggal 31 Desember 2025 dan untuk                                    As of December 31, 2025 and
     Tahun yang Berakhir pada Tanggal Tersebut                                  for the Year Then Ended
          (Disajikan dalam jutaan Rupiah,                                   (Expressed in millions of Rupiah,
              kecuali dinyatakan lain)                                          unless otherwise stated)


2.   IKHTISAR INFORMASI KEBIJAKAN AKUNTANSI                         2.   SUMMARY OF MATERIAL ACCOUNTING
     YANG MATERIAL (lanjutan)                                            POLICIES INFORMATION (continued)
     n.   Aset Tak Berwujud (lanjutan)                                   n.    Intangible Assets (continued)
          Piranti lunak komputer yang diperoleh                                The software purchased is capitalized at the
          dikapitalisasi sebesar biaya yang dikeluarkan                        cost incurred to acquire and make the software
          untuk memperoleh dan membuat piranti lunak                           ready for use. Amortization is computed using
          tersebut siap untuk digunakan. Amortisasi                            the straight-line method in accordance with the
          dihitung berdasarkan metode garis lurus                              estimated useful lives of the intangible assets.
          (straight-line method) sesuai dengan taksiran
          masa manfaat ekonomis aset tak berwujud.
          Biaya      yang      berhubungan     dengan                          Costs associated with the development or
          pengembangan atau pemeliharaan program                               maintenance of a software program are
          piranti lunak komputer diakui sebagai beban                          recognized as an expense in the period in which
          pada periode terjadinya.                                             they are incurred.
     o.   Penyisihan Kerugian Penurunan Nilai Aset                       o.    Allowance for Impairment Losses on Non-
          Non Produktif                                                        Productive Assets
          Aset non-produktif adalah aset Bank, antara lain                     Non-earning assets of the Bank, consist of
          dalam bentuk agunan yang diambil alih, properti                      foreclosed assets, abandoned properties, inter-
          terbengkalai, rekening antar kantor dan                              office accounts and suspense accounts.
          suspense account.
          Bank      membentuk        cadangan      kerugian                    The Bank provides an allowance for impairment
          penurunan nilai atas agunan yang diambil alih                        of foreclosed assets and abandoned property
          dan properti terbengkalai pada nilai yang lebih                      equivalent to the difference between the
          rendah antara nilai tercatat dan nilai wajar                         carrying amount and fair value net of costs to
          setelah dikurangi biaya untuk menjual,                               sell. As for the interoffice account and suspense
          sedangkan untuk rekening antar kantor dan                            account, equivalent to the difference between
          suspense account, pada nilai yang lebih rendah                       carrying value and the recovery value.
          antara nilai tercatat dan nilai pemulihan.
     p.   Biaya Dibayar dimuka                                           p.    Prepaid Expenses
          Biaya dibayar dimuka diamortisasi selama masa                        Prepaid expenses are amortized over their
          manfaat    masing-masing      biaya    dengan                        useful lives using the straight-line method.
          menggunakan metode garis lurus (straight-line
          method).
     q.   Aset Lain-Lain                                                 q.    Other Assets
          Aset lain-lain antara lain terdiri dari pendapatan                   Other assets, among others, consist of accrued
          bunga yang masih harus diterima, tagihan,                            interest income, receivables, foreclosed
          agunan yang diambil alih (“AYDA”), properti                          collateral ("AYDA"), abandoned properties,
          terbengkalai, rekening antar kantor, dan lain-                       interoffice accounts, and others.
          lain.
          1.   Agunan yang Diambil Alih (“AYDA”)                               1.   Foreclosed Collateral
               AYDA adalah aset yang diperoleh Bank,                                Foreclosed collateral is an asset acquired
               baik melalui pelelangan maupun diluar                                by a Bank, both from auction and non
               pelelangan     berdasarkan     penyerahan                            auction based on voluntary transfer by the
               secara sukarela oleh pemilik agunan atau                             debtor or based on debtor’s approval to sell
               berdasarkan kuasa untuk menjual diluar                               the collateral where the debtor could not
               lelang dari pemilik agunan dalam hal debitur                         fulfill their obligations to the Bank.
               tidak memenuhi liabilitasnya kepada Bank.                            Foreclosed collateral represents loan
               AYDA merupakan jaminan kredit yang                                   collateral that was taken over as part of
               diberikan yang telah diambil alih sebagai                            loans settlement and presented in “Other
               bagian dari penyelesaian kredit yang                                 Assets”.
               diberikan dan disajikan pada “Aset Lain-
               Lain“.



                                                               42
Page 900
                                                                              The original financial statements included herein are in
                                                                                                                Indonesian language.

            PT BANK MANDIRI TASPEN                                             PT BANK MANDIRI TASPEN
       CATATAN ATAS LAPORAN KEUANGAN                                      NOTES TO THE FINANCIAL STATEMENTS
        Tanggal 31 Desember 2025 dan untuk                                     As of December 31, 2025 and
     Tahun yang Berakhir pada Tanggal Tersebut                                   for the Year Then Ended
          (Disajikan dalam jutaan Rupiah,                                    (Expressed in millions of Rupiah,
              kecuali dinyatakan lain)                                           unless otherwise stated)


2.   IKHTISAR INFORMASI KEBIJAKAN AKUNTANSI                         2.   SUMMARY OF MATERIAL ACCOUNTING
     YANG MATERIAL (lanjutan)                                            POLICIES INFORMATION (continued)

     q.   Aset Lain-Lain (lanjutan)                                      q.    Other Assets (continued)

          2.   Properti Terbengkalai                                           2.   Abandoned Property

               Aset yang tidak digunakan (properti                                  Unused assets (abandoned property) are
               terbengkalai) adalah aset tetap dalam                                fixed assets in the form of property owned
               bentuk properti yang dimiliki Bank, dimana                           by the Bank, of which the majority of the
               bagian properti tersebut secara mayoritas                            property is not used for the operations of
               tidak digunakan untuk kegiatan usaha                                 the Bank.
               operasional Bank.

               Properti terbengkalai disajikan sebesar nilai                        Abandoned properties are presented at the
               yang lebih rendah antara nilai tercatat                              lower of their carrying values at fair value
               dengan nilai wajarnya setelah dikurangi                              after deducting cost to sell. The difference
               biaya untuk menjual. Selisih antara nilai                            between the book value of abandoned
               properti terbengkalai yang dibukukan dan                             property and the proceeds of sale are
               hasil    penjualannya     diakui    sebagai                          recognized as non-operating gains or
               keuntungan atau kerugian non operasional.                            losses.

               Beban-beban yang berkaitan dengan                                    Expenses for maintaining foreclosed
               pemeliharaan      AYDA     dan    properti                           collateral and abandoned properties are
               terbengkalai dibebankan ke laporan laba                              recognized in the current year’s statement
               rugi dan penghasilan komprehensif lain                               of profit or loss and other comprehensive
               tahun berjalan pada saat terjadinya. Bila                            income. Any permanent impairment loss
               terjadi penurunan nilai yang bersifat                                that occurred will be charged to the current
               permanen, maka nilai tercatatnya dikurangi                           year’s statement of profit or loss.
               untuk mengakui penurunan tersebut dan
               kerugiannya dibebankan pada laporan laba
               rugi tahun berjalan.

     r.   Liabilitas Segera                                              r.    Liabilities Due Immediately

          Liabilitas segera dicatat pada saat timbulnya                        Liabilities due immediately are recorded at the
          liabilitas, baik dari masyarakat maupun dari bank                    time when the liabilities occurred, both from the
          lain. Liabilitas segera diklasifikasikan sebagai                     customer or from other banks. Liabilities due
          liabilitas keuangan yang diukur dengan biaya                         immediately are classified as financial liabilities
          perolehan diamortisasi.                                              at amortized cost.

     s.   Simpanan Nasabah                                               s.    Deposits from Customers

          Simpanan nasabah adalah dana yang                                    Deposits from customers are the funds placed
          ditempatkan oleh masyarakat (diluar Bank)                            by customers (excluding banks) with the Bank
          kepada Bank yang bergerak di bidang                                  which operates in banking industry based on a
          perbankan         berdasarkan        perjanjian                      fund deposit agreement. Included in this
          penyimpanan dana. Termasuk dalam pos ini                             account are demand deposits, saving deposits,
          adalah giro, tabungan, deposito berjangka, dan                       time deposits, and other similar deposits.
          bentuk simpanan lain yang dipersamakan
          dengan itu.

          Giro merupakan simpanan nasabah yang dapat                           Demand deposits represent deposits of
          digunakan sebagai alat pembayaran, yang                              customers that may be used as instruments of
          penarikannya dapat dilakukan setiap saat                             payment, and which may be withdrawn at any
          melalui cek, kartu Anjungan Tunai Mandiri                            time by cheque, Automated Teller Machine card
          (“ATM”), atau dengan cara pemindahbukuan                             (ATM) or by overbooking through a bank draft or
          dengan bilyet giro atau sarana perintah                              other orders of payment or transfers.
          pembayaran lainnya.




                                                               43
Page 901
                                                                               The original financial statements included herein are in
                                                                                                                 Indonesian language.

            PT BANK MANDIRI TASPEN                                              PT BANK MANDIRI TASPEN
       CATATAN ATAS LAPORAN KEUANGAN                                       NOTES TO THE FINANCIAL STATEMENTS
        Tanggal 31 Desember 2025 dan untuk                                      As of December 31, 2025 and
     Tahun yang Berakhir pada Tanggal Tersebut                                    for the Year Then Ended
          (Disajikan dalam jutaan Rupiah,                                     (Expressed in millions of Rupiah,
              kecuali dinyatakan lain)                                            unless otherwise stated)


2.   IKHTISAR INFORMASI KEBIJAKAN AKUNTANSI                          2.   SUMMARY OF MATERIAL ACCOUNTING
     YANG MATERIAL (lanjutan)                                             POLICIES INFORMATION (continued)

     s.   Simpanan Nasabah (lanjutan)                                     s.    Deposits from Customers (continued)

          Tabungan merupakan simpanan nasabah yang                              Saving deposits represent deposits of
          penarikannya hanya dapat dilakukan melalui                            customers that may only be withdrawn over the
          counter dan ATM, tetapi penarikan tidak dapat                         counter and via ATMs, but which may not be
          dilaksanakan dengan menggunakan cek atau                              withdrawn by cheque or other equivalent
          instrumen setara lainnya.                                             instruments.

          Deposito berjangka merupakan simpanan                                 Time deposits represent customer deposits that
          nasabah yang penarikannya hanya dapat                                 may only be withdrawn after a certain time
          dilakukan pada waktu tertentu sesuai dengan                           based on the agreement between the depositor
          perjanjian antara nasabah dengan Bank.                                and the Bank. These are stated at amortized
          Deposito berjangka dinyatakan sebesar nilai                           cost in the certificates between the Bank and
          perolehan diamortisasi sesuai dengan perjanjian                       the holders of time deposits.
          antara pemegang deposito berjangka dengan
          Bank.

          Simpanan nasabah diklasifikasikan sebagai                             Deposits from customers are classified as
          liabilitas keuangan yang diukur dengan biaya                          financial    liabilities   at   amortized     cost.
          perolehan diamortisasi. Biaya tambahan yang                           Incremental costs directly attributable to
          dapat diatribusikan secara langsung dengan                            acquisition of deposits from customers are
          perolehan simpanan nasabah diperhitungkan                             included in the amount of deposits and
          dalam jumlah simpanan yang diterima dan                               amortized over the expected life of the deposits.
          diamortisasi sepanjang estimasi umur simpanan                         Refer to Note 2.c.ii.b for the accounting policy of
          tersebut. Lihat Catatan 2.c.ii.b untuk kebijakan                      financial liabilities measured at amortized cost.
          akuntansi atas liabilitas keuangan yang diukur
          dengan biaya perolehan diamortisasi.

     t.   Simpanan dari Bank Lain                                         t.    Deposits from Other Banks

          Simpanan dari bank lain terdiri dari liabilitas                       Deposits from other banks represent liabilities
          terhadap bank lain, dalam bentuk giro,                                to local and overseas banks, in the form of
          tabungan, interbank call money dengan periode                         demand deposits, saving deposits, interbank
          jatuh tempo menurut perjanjian kurang dari atau                       call money with original maturities of 90 days or
          90 hari, deposito berjangka. Simpanan dari bank                       less, time deposits. Deposits from other banks
          lain dicatat sebagai liabilitas terhadap bank lain.                   are recorded as liability to other banks.

          Simpanan dari bank lain diklasifikasikan sebagai                      Deposits from other banks are classified as
          liabilitas keuangan yang diukur dengan biaya                          financial   liabilities   at  amortized    cost.
          perolehan diamortisasi. Biaya tambahan yang                           Incremental costs directly attributable to
          dapat diatribusikan secara langsung dengan                            acquisition of deposits from other banks are
          perolehan simpanan diperhitungkan dalam                               included in the amount of deposits and
          jumlah pinjaman yang diterima dan diamortisasi                        amortized over the expected life of the deposits.
          sepanjang estimasi umur simpanan tersebut.                            Refer to Note 2.c.ii.b for the accounting policy
          Lihat Catatan 2.c.ii.b untuk kebijakan akuntansi                      for financial liabilities measured at amortized
          atas liabilitas keuangan yang diukur dengan                           cost.
          biaya perolehan diamortisasi.




                                                                44
Page 902
                                                                             The original financial statements included herein are in
                                                                                                               Indonesian language.

            PT BANK MANDIRI TASPEN                                           PT BANK MANDIRI TASPEN
       CATATAN ATAS LAPORAN KEUANGAN                                    NOTES TO THE FINANCIAL STATEMENTS
        Tanggal 31 Desember 2025 dan untuk                                   As of December 31, 2025 and
     Tahun yang Berakhir pada Tanggal Tersebut                                 for the Year Then Ended
          (Disajikan dalam jutaan Rupiah,                                  (Expressed in millions of Rupiah,
              kecuali dinyatakan lain)                                         unless otherwise stated)


2.   IKHTISAR INFORMASI KEBIJAKAN AKUNTANSI                        2.   SUMMARY OF MATERIAL ACCOUNTING
     YANG MATERIAL (lanjutan)                                           POLICIES INFORMATION (continued)

     u.   Surat Berharga yang Diterbitkan                               u.    Securities Issued

          Surat berharga yang diterbitkan pada                                Securities issued are initially measured at fair
          pengukuran awal disajikan sebesar nilai                             value less directly attributable transaction costs.
          wajar dikurangi dengan biaya transaksi yang                         Subsequently, transactions costs are amortized
          dapat      diatribusikan langsung   dengan                          using the effective interest rate up to the
          perolehan/penerbitan surat berharga yang                            maturity of securities issued.
          diterbitkan.

          Surat berharga yang diterbitkan diklasifikasikan                    Securities issued are classified as financial
          sebagai liabilitas keuangan yang diukur                             liabilities at amortized cost. Refer to Note 2.c.ii.b
          dengan biaya perolehan diamortisasi. Lihat                          for the accounting policy of financial liabilities
          Catatan 2.c.ii.b untuk kebijakan akuntansi untuk                    measured at amortized cost.
          liabilitas keuangan yang diukur dengan biaya
          perolehan diamortisasi.

     v.   Pinjaman yang Diterima                                        v.    Borrowings

          Pinjaman yang diterima merupakan dana yang                          Borrowings represent funds received from other
          diterima dari bank lain dengan liabilitas                           banks with a repayment obligation in
          pembayaran       kembali     sesuai dengan                          accordance with the terms of the borrowing
          persyaratan perjanjian pinjaman.                                    agreement.

          Pada pengukuran awal, pinjaman yang diterima                        At initial measurement, loans received are
          disajikan sebesar nilai wajar dikurangi dengan                      measured at fair value less transaction costs
          biaya transaksi yang dapat diatribusikan                            that    are directly attributable to the
          langsung       dengan       perolehan/penerbitan                    acquisition/issuance    of  the    borrowings.
          pinjaman yang diterima. Pinjaman yang diterima                      Borrowings are classified as financial liabilities
          diklasifikasikan sebagai liabilitas keuangan yang                   at amortized cost.
          diukur dengan biaya perolehan diamortisasi.

     w. Perpajakan                                                      w. Taxation

          Beban pajak terdiri dari pajak kini dan pajak                       The tax expense comprises current and
          tangguhan. Pajak diakui dalam laporan laba                          deferred tax. Tax is recognized in the statement
          rugi, kecuali jika pajak tersebut terkait dengan                    of profit or loss, except to the extent that it
          transaksi atau kejadian yang langsung diakui ke                     relates to items that are recognized directly in
          ekuitas. Dalam hal ini, pajak tersebut masing-                      equity. In this case, the tax is also recognized in
          masing diakui dalam penghasilan komprehensif                        other comprehensive income or directly in
          lain atau ekuitas.                                                  equity, respectively.

          Manajemen Bank mengevaluasi secara periodik                         The Bank's management periodically evaluates
          implementasi terhadap peraturan perpajakan                          the implementation of prevailing tax regulations
          yang berlaku terutama yang memerlukan                               especially those that are subject to further
          interpretasi     lebih      lanjut     mengenai                     interpretation on its implementation, including
          pelaksanaannya termasuk juga evaluasi                               evaluation on tax assessment letters received
          terhadap surat ketetapan pajak yang diterima                        from tax authorities. Where appropriate the
          dari kantor pajak. Lebih lanjut, Bank membentuk                     Bank establishes provisions based on the
          cadangan, jika dianggap perlu, berdasarkan                          amounts expected to be paid to the tax
          jumlah yang diestimasikan akan dibayarkan ke                        authorities.
          kantor pajak.




                                                              45
Page 903
                                                                          The original financial statements included herein are in
                                                                                                            Indonesian language.

            PT BANK MANDIRI TASPEN                                           PT BANK MANDIRI TASPEN
       CATATAN ATAS LAPORAN KEUANGAN                                    NOTES TO THE FINANCIAL STATEMENTS
        Tanggal 31 Desember 2025 dan untuk                                   As of December 31, 2025 and
     Tahun yang Berakhir pada Tanggal Tersebut                                 for the Year Then Ended
          (Disajikan dalam jutaan Rupiah,                                  (Expressed in millions of Rupiah,
              kecuali dinyatakan lain)                                         unless otherwise stated)


2.   IKHTISAR INFORMASI KEBIJAKAN AKUNTANSI                        2.   SUMMARY OF MATERIAL ACCOUNTING
     YANG MATERIAL (lanjutan)                                           POLICIES INFORMATION (continued)

     w. Perpajakan (lanjutan)                                           w. Taxation (continued)

        Pajak       penghasilan       tangguhan     diakui                 Deferred income tax is provided in full, using the
        sepenuhnya, dengan menggunakan metode                              liability method, on temporary differences which
        liabilitas untuk semua perbedaan temporer yang                     arise from the difference between the tax bases
        berasal dari selisih antara dasar pengenaan                        of assets and liabilities and their carrying
        pajak aset dan liabilitas dengan nilai tercatatnya                 amounts in the financial statements. However,
        pada laporan keuangan. Namun, liabilitas pajak                     deferred tax liabilities are not recognised if they
        penghasilan tangguhan tidak diakui jika berasal                    arise from the initial recognition of goodwill.
        dari     pengakuan       awal    goodwill.   Pajak                 Deferred income tax is also not accounted for if
        penghasilan        tangguhan        juga      tidak                it arises from initial recognition of an asset or
        diperhitungkan       jika    pajak    penghasilan                  liability in a transaction other than a business
        tangguhan tersebut timbul dari pengakuan awal                      combination that at the time of the transaction
        aset atau pengakuan awal liabilitas dalam                          affects neither accounting nor taxable profit or
        transaksi yang bukan kombinasi bisnis yang                         loss.
        pada saat transaksi tidak mempengaruhi laba
        akuntansi maupun laba kena pajak/rugi pajak.

        Aset pajak tangguhan diakui apabila terdapat                       Deferred tax assets are recognized if it is
        kemungkinan besar bahwa jumlah laba fiskal                         probable that future taxable income will be
        pada masa datang akan memadai untuk                                sufficient to compensate deferred tax assets
        mengkompensasi aset pajak tangguhan yang                           arising on the temporary differences.
        muncul akibat perbedaan temporer tersebut.

        Pajak       tangguhan     dihitung     dengan                      Deferred tax is calculated using tax rates
        menggunakan tarif pajak yang berlaku atau                          enacted or substantively applied to the period
        secara substansial diberlakukan pada periode                       during which the asset is realized or the liability
        dimana aset tersebut direalisasi atau liabilitas                   is settled. The changes to the carrying value of
        tersebut diselesaikan. Perubahan nilai tercatat                    deferred tax assets and liabilities due to the
        aset dan liabilitas pajak tangguhan yang                           changes of tax rates are charged in the current
        disebabkan oleh perubahan tarif pajak                              year, except for transactions which previously
        dibebankan pada tahun berjalan, kecuali untuk                      have been directly charged or credited to equity.
        transaksi-transaksi yang sebelumnya telah
        langsung dibebankan atau dikreditkan ke
        ekuitas.

        Koreksi atas liabilitas pajak diakui pada saat                     Amendments to taxation obligations are
        surat ketetapan pajak diterima, atau apabila                       recorded when an assessment is received or, if
        diajukan keberatan dan/atau banding, maka                          appealed against, when the result of the appeal
        koreksi diakui pada saat keputusan atas                            is determined. Management provides provision
        keberatan dan/atau banding tersebut diterima.                      for future tax liability at the estimated amount
        Manajemen        juga     dapat      membentuk                     that will be payable to the tax office if there is a
        pencadangan terhadap liabilitas pajak di masa                      probable      tax      exposure,     based       on
        depan sebesar jumlah yang diestimasikan akan                       management’s assessment as of the date of
        dibayarkan ke kantor pajak jika berdasarkan                        statement of financial position. Assumptions
        evaluasi pada tanggal laporan posisi keuangan                      and estimation used in the provisioning
        terdapat risiko pajak yang probable. Asumsi dan                    calculation may involve element of uncertainty.
        estimasi yang digunakan dalam perhitungan
        pembentukan cadangan tersebut memiliki unsur
        ketidakpastian.

        Utang pajak penghasilan badan dan utang pajak                      Corporate tax payables and other tax payables
        lainnya Bank disajikan sebagai “Utang pajak” di                    of the Bank are presented as “Taxes payable” in
        laporan posisi keuangan. Aset pajak tangguhan                      the statement of financial position. Deferred tax
        disajikan bersih setelah dikurangi dengan                          asset is presented net of the deferred tax
        liabilitas pajak tangguhan di laporan posisi                       liabilities in the statement of financial position.
        keuangan.



                                                              46
Page 904
                                                                             The original financial statements included herein are in
                                                                                                               Indonesian language.

            PT BANK MANDIRI TASPEN                                           PT BANK MANDIRI TASPEN
       CATATAN ATAS LAPORAN KEUANGAN                                    NOTES TO THE FINANCIAL STATEMENTS
        Tanggal 31 Desember 2025 dan untuk                                   As of December 31, 2025 and
     Tahun yang Berakhir pada Tanggal Tersebut                                 for the Year Then Ended
          (Disajikan dalam jutaan Rupiah,                                  (Expressed in millions of Rupiah,
              kecuali dinyatakan lain)                                         unless otherwise stated)


2.   IKHTISAR INFORMASI KEBIJAKAN AKUNTANSI                        2.   SUMMARY OF MATERIAL ACCOUNTING
     YANG MATERIAL (lanjutan)                                           POLICIES INFORMATION (continued)
     x.   Pendapatan dan Beban Bunga                                    x.    Interest Income and Expense

          Pendapatan dan beban bunga untuk semua                              Interest income and expense for all interest-
          instrumen keuangan dengan interest bearing                          bearing financial instruments are recognized as
          dihitung menggunakan metode suku bunga                              “Interest income” and “Interest expense” in the
          efektif dan dicatat sebagai “Pendapatan bunga”                      statement of profit or loss using the effective
          dan “Beban bunga” di dalam laporan laba rugi.                       interest method.

          Metode suku bunga efektif adalah metode yang                        The effective interest method is a method of
          digunakan untuk menghitung biaya perolehan                          calculating the amortized cost of financial
          diamortisasi dari aset keuangan atau liabilitas                     assets and liabilities and recognizing the
          keuangan dan metode untuk mengalokasikan                            interest income or interest expense over the
          pendapatan bunga atau beban bunga selama                            relevant period. The effective interest rate is the
          periode yang relevan. Suku bunga efektif adalah                     rate that exactly discounts estimated future
          suku bunga yang secara tepat mendiskontokan                         cash payments or receipts through the
          estimasi pembayaran atau penerimaan kas di                          expected life of the financial instrument or, when
          masa datang selama perkiraan umur dari                              appropriate, a shorter period to the net carrying
          instrumen keuangan, atau jika lebih tepat,                          amount of the financial asset or financial liability.
          digunakan periode yang lebih singkat untuk                          When calculating the effective interest rate, the
          memperoleh nilai tercatat bersih dari aset                          Bank estimates cash flows considering all
          keuangan atau liabilitas keuangan. Pada saat                        contractual terms of the financial instrument but
          menghitung suku          bunga efektif, bank                        does not consider future credit losses. The
          mengestimasi         arus       kas       dengan                    calculation includes all commissions, provision
          mempertimbangkan          seluruh    persyaratan                    and other fees received between parties to the
          kontraktual dalam instrumen keuangan tersebut,                      contract that are an integral part of the effective
          namun tidak mempertimbangkan kerugian kredit                        interest rate, transaction costs, and all other
          di masa datang. Perhitungan ini mencakup                            premiums or discounts.
          seluruh komisi, provisi, dan bentuk lain yang
          diterima oleh para pihak dalam kontak yang
          merupakan bagian tak terpisahkan dari suku
          bunga efektif, biaya transaksi, dan seluruh premi
          atau diskon lainnya.

          Jika aset keuangan atau kelompok aset                               Once a financial asset or a group of similar
          keuangan serupa telah diturunkan nilainya                           financial assets has been written down as a
          sebagai akibat kerugian penurunan nilai, maka                       result of an impairment loss, interest income is
          pendapatan bunga yang diperoleh setelahnya                          recognized on the non-impaired portion of the
          diakui atas bagian aset keuangan yang                               impaired financial assets using the rate of
          tidak mengalami penurunan nilai dari aset                           interest used to discount the future cash flows
          keuangan yang mengalami penurunan nilai,                            for measuring the impairment loss.
          berdasarkan suku bunga yang digunakan untuk
          mendiskontokan arus kas masa datang dalam
          menghitung kerugian penurunan nilai.

     y.   Pendapatan Provisi dan Komisi                                 y.    Provision Income and Expense

          Pendapatan provisi dan komisi dan biaya                             Fees and commissions income and transaction
          transaksi yang dapat diatribusikan secara                           cost that are directly attributable to lending
          langsung yang berkaitan dengan kegiatan                             activities are recognized as a part/(deduction) of
          pemberian      kredit      diakui     sebagai                       outstanding loan and will be recognized as
          bagian/(pengurang) dari biaya perolehan kredit                      interest income by amortising the carrying value
          dan akan diakui sebagai pendapatan bunga                            of loan using effective interest rate method.
          dengan cara diamortisasi berdasarkan metode
          suku bunga efektif.




                                                              47
Page 905
                                                                              The original financial statements included herein are in
                                                                                                                Indonesian language.

            PT BANK MANDIRI TASPEN                                            PT BANK MANDIRI TASPEN
       CATATAN ATAS LAPORAN KEUANGAN                                     NOTES TO THE FINANCIAL STATEMENTS
        Tanggal 31 Desember 2025 dan untuk                                    As of December 31, 2025 and
     Tahun yang Berakhir pada Tanggal Tersebut                                  for the Year Then Ended
          (Disajikan dalam jutaan Rupiah,                                   (Expressed in millions of Rupiah,
              kecuali dinyatakan lain)                                          unless otherwise stated)


2.   IKHTISAR INFORMASI KEBIJAKAN AKUNTANSI                         2.   SUMMARY OF MATERIAL ACCOUNTING
     YANG MATERIAL (lanjutan)                                            POLICIES INFORMATION (continued)

     y.   Pendapatan Provisi dan Komisi (lanjutan)                       y.    Provision Income and Expense (continued)

          Untuk kredit yang diberikan yang dilunasi                            The direct attributable unamortized fees and
          sebelum jatuh temponya, saldo pendapatan                             commissions relating to loans which are settled
          provisi dan/atau komisi dan biaya transaksi yang                     prior to maturity are recognized upon settlement
          dapat diatribusikan secara langsung yang belum                       date of such loans.
          diamortisasi, diakui pada saat kredit yang
          diberikan dilunasi.

          Pendapatan provisi dan komisi lainnya yang                           Other fees and commissions income which are
          tidak berkaitan langsung dengan kegiatan                             not directly related to lending activities or
          perkreditan atau jangka waktu tertentu diakui                        specific periods are recognized as revenue on
          pada saat terjadinya transaksi.                                      the transaction date.

     z.   Imbalan Kerja                                                  z.    Employee Benefits

          Imbalan Kerja Jangka Pendek                                          Short-term Employee Benefits

          Imbalan kerja jangka pendek diakui pada saat                         Short-term employee benefits are recognized
          terhutang.                                                           when it is payable.

          Imbalan Kerja Jangka Panjang dan Imbalan                             Long-term Employee Benefits and Post-
          Pasca Kerja                                                          Employment Benefits

          Imbalan kerja jangka panjang dan imbalan                             Long-term employee benefits and post-
          pasca kerja, seperti pensiun, uang pisah, uang                       employment benefits, such as pensions,
          kompensasi, dan hak-hak lainnya dihitung                             severance pay, service pay, and other benefits
          berdasarkan Peraturan Bank.                                          are calculated in accordance with Bank’s
                                                                               Regulations.

          Bank menetapkan program imbalan pasca kerja                          The Bank determines a defined non-
          karyawan manfaat pasti yang bersifat non iuran                       contributory post employment benefit plan.
          (non-contributory). Sesuai dengan Undang-                            In accordance with the Law, the Bank must
          Undang, Bank harus menyediakan program                               provide a program with minimum benefits equal
          dengan imbalan yang minimal sama dengan
          imbalan pensiun yang diatur dalam Undang-                            to the pension benefits provided for under the
          Undang. Imbalan pensiun sesuai dengan                                Law. Pension benefits in accordance with Law
          Undang-Undang adalah program imbalan pasti.                          is a defined benefit plan.

          Liabilitas imbalan kerja merupakan nilai kini                        The employee benefits liabilities represent the
          liabilitas imbalan pasti pada tanggal laporan                        present value of the defined benefit liabilities at
          posisi keuangan dikurangi dengan nilai wajar                         the date of statement of financial position, less
          aset program, serta disesuaikan dengan                               the fair value of plan assets, together with
          keuntungan atau kerugian aktuaria dan biaya                          adjustments for unrecognized actuarial gains or
          jasa lalu yang belum diakui. Nilai kini liabilitas                   losses and past service cost. The present value
          imbalan pasti dihitung sekali setahun oleh                           of defined benefit liabilities is calculated
          aktuaris independen dengan menggunakan                               annually by an independent actuary using the
          metode projected unit credit.                                        projected unit credit method.

          Nilai kini liabilitas imbalan pasti ditentukan                       The present value of the defined benefit
          dengan mendiskontokan estimasi arus kas                              liabilities is determined by discounting the
          masa depan dengan menggunakan tingkat                                estimated future cash outflows using interest
          bunga obligasi pemerintah dalam mata uang                            rates of high quality corporate bonds that are
          Rupiah sesuai dengan mata uang dimana                                denominated in the currency in which the
          imbalan tersebut akan dibayarkan dan yang                            benefit will be paid, and that have terms to
          memiliki jangka waktu yang sama dengan                               maturity approximating the terms of the related
          liabilitas imbalan pensiun yang bersangkutan.                        pension liability.




                                                               48
Page 906
                                                                              The original financial statements included herein are in
                                                                                                                Indonesian language.

            PT BANK MANDIRI TASPEN                                            PT BANK MANDIRI TASPEN
       CATATAN ATAS LAPORAN KEUANGAN                                     NOTES TO THE FINANCIAL STATEMENTS
        Tanggal 31 Desember 2025 dan untuk                                    As of December 31, 2025 and
     Tahun yang Berakhir pada Tanggal Tersebut                                  for the Year Then Ended
          (Disajikan dalam jutaan Rupiah,                                   (Expressed in millions of Rupiah,
              kecuali dinyatakan lain)                                          unless otherwise stated)


2.   IKHTISAR INFORMASI KEBIJAKAN AKUNTANSI                         2.   SUMMARY OF MATERIAL ACCOUNTING
     YANG MATERIAL (lanjutan)                                            POLICIES INFORMATION (continued)

     z.   Imbalan Kerja (lanjutan)                                       z.    Employee Benefits (continued)

          Imbalan Kerja Jangka Panjang dan Imbalan                             Long-term Employee Benefits and Post-
          Pasca Kerja (lanjutan)                                               Employment Benefits (continued)

          Beban imbalan pasti pasca kerja yang diakui                          The post-employment benefits expense
          selama tahun berjalan terdiri dari biaya jasa                        recognized during the current year consists of
          dalam laba rugi, bunga neto atas liabilitas                          service cost in profit and loss, net interest on the
          imbalan pasti neto dalam laba rugi, dan                              net defined benefit liability in profit and loss, and
          pengukuran kembali liabilitas imbalan pasti                          remeasurement of the net defined benefit
          dalam penghasilan komprehensif lain.                                 liabilities in other comprehensive income.

          Seluruh biaya jasa lalu diakui pada saat yang                        All past service costs are recognized at the
          lebih dulu antara ketika amendemen/kurtailmen                        earlier of when the amendment/curtailment
          terjadi atau ketika biaya restrukturisasi atau                       occurs and when the related restructuring or
          pemutusan hubungan kerja diakui. Sebagai                             termination costs are recognized. As a result,
          akibatnya, biaya jasa lalu yang belum vested                         unvested past service costs can no longer be
          tidak lagi dapat ditangguhkan dan diakui selama                      deferred and recognized over the future vesting
          periode vesting masa depan.                                          period.

          Bunga neto atas imbalan pasti neto merupakan                         Net interest on the net defined benefit liabilities
          komponen pendapatan bunga dari aset                                  is the interest income component of plan
          program, biaya bunga atas liabilitas imbalan                         assets, interest expense of defined benefit
          pasti dan bunga atas dampak batas atas dari                          obligation and interest on the effect of asset
          aset.                                                                ceiling.

          Pengukuran kembali liabilitas imbalan pasti neto                     Remeasurements of the net defined benefit
          terdiri atas:                                                        liabilities consists of:

          -   keuntungan dan kerugian aktuarial.                               -    actuarial gains and losses.
          -   imbal hasil atas aset program, tidak                             -    return on plan assets, excluding amount
              termasuk jumlah yang dimasukan dalam                                  included in net interest on the net defined
              bunga neto atas liabilitas imbalan pasti neto.                        benefit liabilities.
          -   setiap perubahan dampak batas atas aset,                         -    any change in effect of the asset ceiling,
              tidak termasuk jumlah yang dimasukkan                                 excluding amount included in net interest
              dalam bunga neto atas liabilitas imbalan                              on the net defined benefit liabilities.
              pasti neto.

          Keuntungan dan kerugian aktuarial dapat timbul                       Actuarial gains and losses may arise from the
          dari penyesuaian yang dibuat berdasarkan                             adjustments made based on the experience,
          pengalaman,       perubahan     asumsi-asumsi                        changes in actuarial assumption, and changes
          aktuarial, dan perubahan pada program pensiun.                       in pension programs.




                                                               49
Page 907
                                                                         The original financial statements included herein are in
                                                                                                           Indonesian language.

            PT BANK MANDIRI TASPEN                                          PT BANK MANDIRI TASPEN
       CATATAN ATAS LAPORAN KEUANGAN                                   NOTES TO THE FINANCIAL STATEMENTS
        Tanggal 31 Desember 2025 dan untuk                                  As of December 31, 2025 and
     Tahun yang Berakhir pada Tanggal Tersebut                                for the Year Then Ended
          (Disajikan dalam jutaan Rupiah,                                 (Expressed in millions of Rupiah,
              kecuali dinyatakan lain)                                        unless otherwise stated)


2.   IKHTISAR INFORMASI KEBIJAKAN AKUNTANSI                      2.   SUMMARY OF MATERIAL ACCOUNTING
     YANG MATERIAL (lanjutan)                                         POLICIES INFORMATION (continued)

     aa. Informasi Segmen Operasi                                     aa. Operation Segment Information

        Informasi     segmen     diungkapkan    untuk                     Segment information is disclosed to enable
        memungkinkan pengguna laporan keuangan                            users of the financial statements to evaluate the
        untuk mengevaluasi sifat dan dampak keuangan                      nature and financial effects of business
        dari aktivitas bisnis yang mana Bank terlibat                     activities in which the Bank is engaged in the
        dalam lingkungan ekonomi dimana Bank                              economic environment in which the Bank
        beroperasi.                                                       operates.

        Bank menyajikan segmen operasi berdasarkan                        The Bank presents operating segments based
        laporan internal Bank yang disajikan kepada                       on Bank’s internal report that is provided to
        pengambil keputusan operasional. Pengambil                        operational decision makers. The operational
        keputusan operasional adalah Dewan Direksi.                       decision maker of the Bank is the Board of
                                                                          Directors.

        Segmen operasi adalah suatu komponen dari                         An operating segment is a component of the
        Bank:                                                             Bank there in:

        a.   yang terlibat dalam aktivitas bisnis yang                    a.   it involves in business activities that
             mana memperoleh pendapatan dan                                    generate income and expenses (include
             menimbulkan beban (termasuk pendapatan                            income and expenses relating to the
             dan beban terkait dengan transaksi dengan                         transactions with other components from
             komponen lain dari entitas yang sama);                            the same entity);

        b.   hasil operasinya dikaji ulang secara regular                 b.   operations result is observed regularly by
             oleh pengambil keputusan operasional                              chief decision maker for decision making
             untuk membuat keputusan tentang sumber                            on    allocation    of   resources     and
             daya yang dialokasikan pada segmen                                performance evaluation on works; and
             tersebut dan menilai kinerjanya; dan

        c.   tersedia informasi keuangan yang dapat                       c.   separate financial information is available.
             dipisahkan.

        Informasi yang dilaporkan kepada pengambil                        Information reported to the operational decision
        keputusan operasional untuk tujuan alokasi                        maker for the purpose of resource allocation
        sumber daya dan penilaian kinerjanya lebih                        and performance appraisal is more focused on
        difokuskan pada kategori masing-masing                            the category of each product, which is similar to
        produk, yang mana serupa dengan segmen                            the business segment reported in previous
        usaha yang dilaporkan pada periode-periode                        periods.
        terdahulu.

     ab. Laba per Lembar Saham                                        ab. Earnings per Shares

        Laba per saham dasar dihitung dengan                              Earnings per share is computed by dividing
        membagi laba tahun berjalan dengan rata-rata                      income for the year with the weighted average
        tertimbang  jumlah    saham    biasa   yang                       number of outstanding issued and fully paid-up
        ditempatkan dan disetor penuh selama tahun                        common shares during the year.
        yang bersangkutan.




                                                            50
Page 908
                                                                         The original financial statements included herein are in
                                                                                                           Indonesian language.

            PT BANK MANDIRI TASPEN                                          PT BANK MANDIRI TASPEN
       CATATAN ATAS LAPORAN KEUANGAN                                   NOTES TO THE FINANCIAL STATEMENTS
        Tanggal 31 Desember 2025 dan untuk                                  As of December 31, 2025 and
     Tahun yang Berakhir pada Tanggal Tersebut                                for the Year Then Ended
          (Disajikan dalam jutaan Rupiah,                                 (Expressed in millions of Rupiah,
              kecuali dinyatakan lain)                                        unless otherwise stated)


2.   IKHTISAR INFORMASI KEBIJAKAN AKUNTANSI                      2.   SUMMARY OF MATERIAL ACCOUNTING
     YANG MATERIAL (lanjutan)                                         POLICIES INFORMATION (continued)

     ab. Laba per Lembar Saham (lanjutan)                             ab. Earnings per Shares (continued)

        Laba per saham dilusian menyesuaikan angka                        Diluted earnings per share adjusts the figures
        yang digunakan dalam penentuan laba per                           used in the determination of basic earnings per
        saham dasar untuk memperhitungkan:                                share to take into account:
           dampak setelah pajak penghasilan atas                             the after-income tax effect of interest and
            bunga dan biaya pendanaan lainnya yang                             other financing costs associated with
            terkait dengan potensi saham biasa yang                            dilutive potential ordinary shares, and
            bersifat dilutif, dan
         jumlah rata-rata tertimbang saham biasa                             the weighted average number of additional
            tambahan saham yang seharusnya beredar                             ordinary shares that would have been
            dengan asumsi konversi seluruh potensi                             outstanding assuming the conversion of all
            saham biasa yang bersifat dilutif                                  dilutive potential ordinary shares.

         Untuk tujuan perhitungan laba per saham                          For the purposes of calculating diluted earnings
         dilusian, entitas menyesuaikan laba atau rugi                    per share, the profit or loss attributable to the
         yang dapat diatribusikan kepada pemegang                         Bank’s ordinary equity holders will be adjusted
         saham biasa Bank dengan efek setelah pajak                       for the after-tax effects of interest recognised
         bunga yang diakui dalam periode tersebut terkait                 during the period on convertible bonds.
         dengan obligasi konversi.

     ac. Perubahan  Kebijakan         Akuntansi     dan               ac. Changes in         Accounting        Policies     and
         Pengungkapan                                                     Disclosures

        Penerapan dari standar, interpretasi baru/revisi                  The adoption of these new and amended
        standar berikut yang berlaku efektif mulai                        standards and interpretations that are effective
        1 Januari 2025, tidak menimbulkan perubahan                       beginning January 1, 2025, did not result in
        substantial terhadap kebijakan akuntansi Bank                     substantial changes to the Bank’s accounting
        dan pengaruh yang material atas jumlah yang                       policies and had no material effect on the
        dilaporkan atas tahun berjalan atau tahun                         amounts reported for the current or prior
        sebelumnya.                                                       financial years.

        - Amandemen     PSAK     221: “Pengaruh                           -   Amendment to PSAK 221: “Effect of
          Perubahan Kurs Valuta Asing tentang                                 Changes in Foreign Exchange Rates on the
          Kekurangan Ketertukaran”                                            Lack of Convertibility”

        Dampak atas penerapan standar baru dan                            The impact of the implementation of the new
        penyesuaian atau amendemen tersebut di atas                       standards and the adjustments/amendments
        tidak material terhadap laporan keuangan.                         mentioned above are not material to the
                                                                          financial statements.




                                                            51
Page 909
                                                                             The original financial statements included herein are in
                                                                                                               Indonesian language.

            PT BANK MANDIRI TASPEN                                            PT BANK MANDIRI TASPEN
       CATATAN ATAS LAPORAN KEUANGAN                                     NOTES TO THE FINANCIAL STATEMENTS
        Tanggal 31 Desember 2025 dan untuk                                    As of December 31, 2025 and
     Tahun yang Berakhir pada Tanggal Tersebut                                  for the Year Then Ended
          (Disajikan dalam jutaan Rupiah,                                   (Expressed in millions of Rupiah,
              kecuali dinyatakan lain)                                          unless otherwise stated)


3.   SUMBER KETIDAKPASTIAN              ESTIMASI     DAN           3.   USE OF CRITICAL ACCOUNTING ESTIMATES
     PERTIMBANGAN AKUNTANSI                                             AND JUDGEMENTS

     Beberapa estimasi dan asumsi dibuat dalam rangka                   Several estimates and assumptions are made in the
     penyusunan laporan keuangan dimana dibutuhkan                      framework of the preparation of financial statements
     pertimbangan manajemen dalam menentukan                            where management is required when determining
     metodologi yang tepat untuk penilaian aset dan                     appropriate methodologies for valuation of assets
     liabilitas.                                                        and liabilities.

     Manajemen membuat estimasi dan asumsi yang                         Management makes estimates and assumptions
     berimplikasi pada pelaporan nilai aset dan liabilitas              that have implications for reporting the value of
     atas tahun keuangan periode-periode selanjutnya.                   assets and liabilities over the financial year and
     Semua estimasi dan asumsi yang diharuskan oleh                     subsequent periods. All the estimates and
     PSAK adalah estimasi terbaik yang didasarkan                       assumptions required by PSAK are the best
     standar yang berlaku. Estimasi dan pertimbangan                    estimates based on applicable standards. Estimates
     dievaluasi secara terus menerus dan berdasarkan                    and considerations are continuously evaluated and
     pengalaman masa lalu dan faktor-faktor lain                        are based from past experience and other factors
     termasuk harapan atas kejadian yang akan datang.                   including expectations of future events.

     Walaupun estimasi dan asumsi ini dibuat                            Although these estimates and assumptions are
     berdasarkan pengetahuan terbaik manajemen atas                     based on management's best knowledge of current
     kejadian dan tindakan saat ini, hasil yang timbul                  events and actions, the results may differ from their
     mungkin berbeda dengan estimasi dan asumsi                         original estimates and assumptions.
     semula.

     Sumber utama ketidakpastian estimasi                               The key sources of estimation uncertainty

     a.   Cadangan Kerugian Penurunan Nilai Aset                        a.    Allowance for Impairment                 losses     of
          Keuangan                                                            Financial Assets

          Evaluasi cadangan kerugian penurunan nilai                          Collectively assessed impairment allowances
          secara kolektif meliputi kerugian kredit yang                       cover credit losses inherent in portfolios with
          melekat pada portofolio tagihan dengan                              similar economic characteristics when there is
          karakteristik ekonomi yang serupa ketika                            objective evidence to suggest that the
          terdapat bukti objektif bahwa telah terjadi                         impairment exists within the portfolio, but the
          penurunan nilai tagihan dalam portofolio                            individual impaired items cannot yet be
          tersebut, namun penurunan nilai secara individu                     identified. In determining the need to establish
          belum dapat diidentifikasi. Dalam menentukan                        allowance       for    collective     impairment,
          perlunya untuk membentuk cadangan kerugian                          management considers factors such as credit
          penurunan nilai secara kolektif, manajemen                          quality, size of portfolio, credit concentrations,
          mempertimbangkan faktor-faktor seperti kualitas                     and economic factors. In estimating the
          kredit, besarnya portofolio, konsentrasi kredit,                    required allowance, the assumptions are made
          dan faktor-faktor ekonomi. Dalam mengestimasi                       to determine default and loss model to
          cadangan yang dibutuhkan, asumsi-asumsi                             determine the required input parameters,
          dibuat untuk menentukan model kerugian                              based on historical experience, current
          bawaan dan untuk menentukan parameter input                         economic conditions, and forecasting of future
          yang diperlukan, berdasarkan pengalaman                             economic conditions.
          historis, kondisi ekonomi saat ini, dan prakiraan
          kondisi     ekonomi    di   masa      mendatang
          (forecasting).




                                                              52
Page 910
                                                                               The original financial statements included herein are in
                                                                                                                 Indonesian language.

            PT BANK MANDIRI TASPEN                                             PT BANK MANDIRI TASPEN
       CATATAN ATAS LAPORAN KEUANGAN                                      NOTES TO THE FINANCIAL STATEMENTS
        Tanggal 31 Desember 2025 dan untuk                                     As of December 31, 2025 and
     Tahun yang Berakhir pada Tanggal Tersebut                                   for the Year Then Ended
          (Disajikan dalam jutaan Rupiah,                                    (Expressed in millions of Rupiah,
              kecuali dinyatakan lain)                                           unless otherwise stated)


3.   SUMBER KETIDAKPASTIAN ESTIMASI                    DAN           3.   USE OF CRITICAL ACCOUNTING ESTIMATES
     PERTIMBANGAN AKUNTANSI (lanjutan)                                    AND JUDGEMENTS (continued)
     Sumber utama ketidakpastian estimasi (lanjutan)                      The key sources of estimation uncertainty
                                                                          (continued)
     b.   Nilai Wajar Instrumen Keuangan                                  b.    Fair Value of Financial Instruments
          Dalam menentukan nilai wajar aset dan liabilitas                      In determining the fair value of financial assets
          keuangan yang tidak mempunyai harga pasar,                            and liabilities that do not have a market value,
          Bank menggunakan teknik penilaian seperti                             the Bank uses assessment techniques as
          yang dijelaskan dalam Catatan 2.d untuk                               described in Note 2.d for financial instruments
          instrumen      keuangan       yang       jarang                       that are traded infrequently and limited
          diperdagangkan dan memiliki informasi harga                           quailable price, fair value is less objective and
          yang terbatas, nilai wajar yang kurang objektif                       requires varying degrees of judgement
          dan membutuhkan berbagai tingkat penilaian                            depending        on    liquidity,   concentration,
          tergantung pada likuiditas, konsentrasi, faktor                       uncertainty      of    market     factors,   price
          ketidakpastian pasar, asumsi harga dan risiko                         assumptions and other risks.
          lainnya.
     c.   Imbalan Kerja                                                   c.    Employee Benefits
          Perhitungan aktuaria menggunakan asumsi-                              The actuarial calculations use assumptions
          asumsi seperti tingkat diskonto, tingkat                              such as discount rate, expected rate of return
          pengembalian investasi, tingkat kenaikan gaji,                        on investment, future salary increase, mortality
          tingkat kematian, tingkat pengunduran diri, dan                       rate, resignation rate, and others (see Notes 2.z
          lain-lain (lihat Catatan 2.z dan 24). Perubahan                       and 24). Any changes in those assumptions will
          asumsi ini akan mempengaruhi nilai liabilitas                         impact the liability balance of employee benefits
          imbalan kerja.                                                        liabilities.
          Bank menentukan tingkat diskonto yang sesuai                          The Bank determines the appropriate discount
          pada akhir periode pelaporan, yakni tingkat suku                      rate at the end of each year including interest
          bunga yang harus digunakan untuk menentukan                           rate that should be used to determine the
          nilai kini arus kas keluar masa depan estimasian                      present value of estimated future cash outflows
          yang diharapkan untuk menyelesaikan liabilitas                        expected to settle the pension liabilities. In
          imbalan kerja. Dalam menentukan tingkat suku                          determining the appropriate discount rate, the
          bunga yang sesuai, Bank mempertimbangkan                              Bank considers the interest rates of
          tingkat suku bunga obligasi pemerintah yang                           Government Bonds denominated in the similar
          didenominasikan dalam mata uang imbalan                               currency with payments that will be made and
          akan dibayar dan memiliki jangka waktu yang                           have terms to maturity approximating the terms
          serupa dengan jangka waktu liabilitas imbalan                         of the related employee benefit liability. Other
          kerja yang terkait. Asumsi kunci liabilitas imbalan                   key assumptions for pension liabilities are
          jangka panjang lainnya sebagian ditentukan                            determined based in part on current market
          berdasarkan kondisi pasar saat ini.                                   conditions.
     d.   Penyusutan Aset Tetap dan Amortisasi Aset                       d.    Depreciation    of   Fixed Assets                 and
          Tak Berwujud                                                          Amortization of Intangible Assets
          Biaya perolehan aset tetap dan aset tidak                             Cost of acquisition of fixed assets are
          berwujud disusutkan dan diamortisasi dengan                           depreciated using the straight-line method
          menggunakan metode garis lurus berdasarkan                            based on their estimated economic useful life.
          taksiran    masa     manfaat     ekonomisnya.                         Bank management estimates the useful lives of
          Manajemen mengestimasi masa manfaat                                   the assets between 4 (four) to 20 (twenty) years
          ekonomis aset tetap dan aset tidak berwujud                           in accordance with Notes 2.l and 2.n.
          antara 4 sampai dengan 20 tahun sesuai dengan
          Catatan 2.l dan 2.n.
          Perubahan     tingkat    pemakaian         dan                        Changes in the level of usage and technological
          perkembangan teknologi dapat mempengaruhi                             developments could affect the economic useful
          masa manfaat ekonomis dan nilai sisa aset, dan                        lives and residual value of assets, and therefore
          karenanya biaya penyusutan dan amortisasi                             future depreciation charges may be revised.
          masa depan mungkin direvisi.



                                                                53
Page 911
                                                                           The original financial statements included herein are in
                                                                                                             Indonesian language.

            PT BANK MANDIRI TASPEN                                         PT BANK MANDIRI TASPEN
       CATATAN ATAS LAPORAN KEUANGAN                                  NOTES TO THE FINANCIAL STATEMENTS
        Tanggal 31 Desember 2025 dan untuk                                 As of December 31, 2025 and
     Tahun yang Berakhir pada Tanggal Tersebut                               for the Year Then Ended
          (Disajikan dalam jutaan Rupiah,                                (Expressed in millions of Rupiah,
              kecuali dinyatakan lain)                                       unless otherwise stated)


3.   SUMBER KETIDAKPASTIAN ESTIMASI                 DAN          3.   USE OF CRITICAL ACCOUNTING ESTIMATES
     PERTIMBANGAN AKUNTANSI (lanjutan)                                AND JUDGEMENTS (continued)
     Sumber utama ketidakpastian estimasi (lanjutan)                  The key sources of estimation uncertainty
                                                                      (continued)
     e.   Aset Pajak Tangguhan                                        e.    Deferred Tax Assets

          Aset pajak tangguhan diakui atas jumlah pajak                     Deferred tax assets are recognized for all
          penghasilan terpulihkan (recoverable) pada                        deductible temporary differences, as long as it
          periode mendatang sebagai akibat perbedaan                        is likely that taxable income will be available so
          temporer. Justifikasi manajemen diperlukan                        that the temporary differences can be used.
          untuk menentukan jumlah aset pajak tangguhan                      Significant estimates by management is
          yang dapat diakui, sesuai dengan perkiraan                        required in determining the amount of deferred
          waktu dan tingkat laba fiskal di masa mendatang                   tax assets that can be recognized, based on
          sejalan dengan strategi rencana perpajakan ke                     current usage and the level of taxable income
          depan.                                                            and future tax planning strategies.
     f.   Pajak Penghasilan                                           f.    Income Tax

          Bank mengakui liabilitas atas pajak penghasilan                   The Bank recognizes corporate income tax
          badan berdasarkan estimasi apakah akan                            liabilities based on an estimate of whether there
          terdapat tambahan pajak penghasilan badan.                        will be an additional corporate income tax.

     g.   Menentukan Jangka Waktu Kontrak dengan                      g.    Determine Term of Contract with Option to
          Opsi Perpanjangan dan Penghentian Kontrak                         Extend and Terminate The Contract - The
          - Bank Sebagai Lessee                                             Bank as the Lessee

          Bank menentukan jangka waktu sewa sebagai                         The Bank determines the lease term as the
          jangka waktu sewa yang tidak dapat dibatalkan,                    term of the lease that non-cancellable, along
          Bersama dengan periode yang dicakup oleh opsi                     with the period covered by the option to extend
          untuk memperpanjang masa sewa jika                                the lease if it is certain to be exercised, or any
          dipastikan akan dilaksanakan, atau periode apa                    period covered by the option to terminate the
          pun yang dicakup oleh opsi untuk menghentikan                     lease, if it is reasonably reasonable not to do so.
          sewa, jika cukup wajar untuk tidak dilakukan.

          Bank memiliki beberapa kontrak sewa yang                          The Bank has several lease contracts which
          mencakup opsi perpanjangan dan penghentian                        include an option to extend and terminate the
          jangka waktu sewa. Bank menerapkan penilaian                      lease term. The Bank applies its judgment in
          dalam mengevaluasi pakah dapat dipastikan jika                    evaluating whether it can be ascertained if it will
          akan menggunakan opsi untuk memperpanjang                         exercise the option to extend or terminate the
          atau menghentikan sewa. Hal tersebut dilakukan                    lease. This is done by considering all relevant
          dengan mempertimbangkan seluruh fakta dan                         facts and circumstances that provide economic
          keadaan yang relevan yang memberikan insentif                     incentives to extend or terminate the lease.
          ekonomi untuk melakukan perpanjangan atau                         After the commencement date, the Bank
          penghentian sewa. Setelah tanggal dimulainya,                     reassesses the lease term, if there is a
          Bank menilai kembali masa sewa, jika terdapat                     significant event or change in circumstances
          peristiwa atau perubahan signifikan dalam                         which is under its control and affects whether
          keadaan yang berada dalam kendali dan                             the lessee is certain enough to exercise the
          mempengaruhi apakah lessee cukup pasti untuk                      option to extend or terminate the lease.
          mengeksekusi opsi memperpanjang atau
          menghentikan sewa.




                                                            54
Page 912
                                                                           The original financial statements included herein are in
                                                                                                             Indonesian language.

             PT BANK MANDIRI TASPEN                                           PT BANK MANDIRI TASPEN
        CATATAN ATAS LAPORAN KEUANGAN                                    NOTES TO THE FINANCIAL STATEMENTS
         Tanggal 31 Desember 2025 dan untuk                                   As of December 31, 2025 and
      Tahun yang Berakhir pada Tanggal Tersebut                                 for the Year Then Ended
           (Disajikan dalam jutaan Rupiah,                                  (Expressed in millions of Rupiah,
               kecuali dinyatakan lain)                                         unless otherwise stated)


4.    KAS                                                           4.   CASH

      Pada tanggal 31 Desember 2025 dan 2024, saldo                      As of December 31, 2025 and 2024, cash balances
      kas dalam mata uang Rupiah masing-masing adalah                    denominated in Rupiah amounted to Rp152,993
      sebesar Rp152.993 dan Rp137.382.                                   and Rp137,382, respectively.


5.    GIRO PADA BANK INDONESIA                                      5.   CURRENT ACCOUNTS WITH BANK INDONESIA

      Pada tanggal 31 Desember 2025 dan 2024, saldo                      As of December 31, 2025 and 2024, current
      Giro pada Bank Indonesia dalam mata uang Rupiah                    accounts with Bank Indonesia denominated in
      masing-masing     sebesar    Rp1.283.107   dan                     Rupiah   amounted       to Rp1,283,107  and
      Rp3.122.333.                                                       Rp3,122,333, respectively.


6.    GIRO PADA BANK LAIN                                           6.   CURRENT ACCOUNTS WITH OTHER BANKS
                                            31 Desember 2025/     31 Desember 2024/
                                            December 31, 2025     December 31, 2024

     Pihak Berelasi - Rupiah (Catatan 36)                                                    Related Parties - Rupiah (Note 36)
       PT Bank Mandiri (Persero) Tbk                   73.666                 45.901          PT Bank Mandiri (Persero) Tbk
       PT Bank Syariah Indonesia Tbk                    1.090                  1.082         PT Bank Syariah Indonesia) Tbk
       PT Bank Rakyat Indonesia                                                                   PT Bank Rakyat Indonesia
          (Persero) Tbk                                      -                   995                         (Persero) Tbk

     Total                                             74.756                 47.978                                       Total
     Dikurangi: Cadangan kerugian
       penurunan nilai                                     (1)                    (1)    Less: Allowance for impairment losses

     Neto                                              74.755                 47.977                                         Net


      Pada tanggal 31 Desember 2025 dan 2024, kisaran                    As of December 31, 2025 and 2024, the range of
      tingkat suku bunga per tahun masing-masing adalah                  interest rates per annum are 0.00% - 1.00% and
      sebesar 0,00% - 1,00% dan 0,00% - 1,25%                            0.00% - 1.25%, respectively.

      Pada tanggal 31 Desember 2025 dan 2024, tidak                      As of December 31, 2025 and 2024, there are no
      terdapat giro pada bank lain yang dijaminkan.                      current accounts with other banks that are pledged
                                                                         as collateral.

      Mutasi nilai tercatat giro pada bank lain dengan                   Movement of the carrying value of current accounts
      klasifikasi biaya perolehan diamortisasi (semua giro               with other banks classified as amortized cost (all
      pada bank lain dengan klasifikasi biaya perolehan                  current accounts with other banks classified as
      diamortisasi adalah stage 1) pada tanggal                          amortized    cost   are     stage    1)    as   of
      31 Desember 2025 dan 2024 adalah sebagai berikut:                  December 31, 2025 and 2024 are as follows:

                                            31 Desember 2025/     31 Desember 2024/
                                            December 31, 2025     December 31, 2024

     Saldo awal                                        47.978                 28.294                        Beginning balance
     Aset keuangan yang baru dibeli                         -                    301            New financial assets purchased
     Pengukuran kembali bersih                         26.778                 19.383                       Net remeasurement

     Saldo akhir                                       74.756                 47.978                           Ending balance




                                                             55
Page 913
                                                                               The original financial statements included herein are in
                                                                                                                 Indonesian language.

             PT BANK MANDIRI TASPEN                                              PT BANK MANDIRI TASPEN
        CATATAN ATAS LAPORAN KEUANGAN                                       NOTES TO THE FINANCIAL STATEMENTS
         Tanggal 31 Desember 2025 dan untuk                                      As of December 31, 2025 and
      Tahun yang Berakhir pada Tanggal Tersebut                                    for the Year Then Ended
           (Disajikan dalam jutaan Rupiah,                                     (Expressed in millions of Rupiah,
               kecuali dinyatakan lain)                                            unless otherwise stated)


6.    GIRO PADA BANK LAIN (lanjutan)                                   6.   CURRENT ACCOUNTS WITH OTHER BANKS
                                                                            (continued)
      Mutasi cadangan kerugian penurunan nilai giro pada                    Movement of the allowance for impairment losses of
      bank lain dengan klasifikasi biaya perolehan                          current accounts with other banks classified as
      diamortisasi (semua giro pada bank lain dengan                        amortized cost (all current accounts with other
      klasifikasi biaya perolehan diamortisasi adalah stage                 banks classified as amortized cost are stage 1) as
      1) pada tanggal 31 Desember 2025 dan 2024 adalah                      of December 31, 2025 and 2024 are as follows:
      sebagai berikut:
                                                31 Desember 2025/    31 Desember 2024/
                                                December 31, 2025    December 31, 2024

     Saldo awal                                                 1                      1                     Beginning balance
     Pengukuran kembali bersih nilai tercatat                   -                      -      Net remeasurement of carrying value

     Saldo akhir                                                1                      1                           Ending balance


      Pada tanggal 31 Desember 2025 dan 2024, seluruh                       As of December 31, 2025 and 2024, all current
      giro pada bank lain digolongkan sebagai Stage 1.                      accounts with other banks are classified as
                                                                            Stage 1.

      Manajemen berpendapat bahwa cadangan kerugian                         Management believes that allowance for
      penurunan nilai atas giro pada bank lain telah                        impairment losses for current accounts with other
      memadai.                                                              banks are adequate.


7.    PENEMPATAN PADA BANK INDONESIA DAN                               7. PLACEMENTS WITH BANK INDONESIA AND
      BANK LAIN                                                           OTHER BANKS

      Seluruh penempatan pada Bank Indonesia dan bank                       All placements with Bank Indonesia and other banks
      lain dalam Rupiah dengan rincian sebagai berikut:                     in Rupiah are as follows:
                                                31 Desember 2025/    31 Desember 2024/
                                                December 31, 2025    December 31, 2024


     Pihak Ketiga - Rupiah                                                                                    Third Parties - Rupiah
     Fasilitas Simpanan Bank Indonesia                                                          Deposit Facilities of Bank Indonesia
       ("FASBI")                                                                                                         (‘FASBI’’)
       Bank Indonesia                                   6.361.889             2.179.682                            Bank Indonesia

     Dikurangi: Cadangan kerugian
       penurunan nilai                                          -                        -   Less: Allowance for impairment losses

     Neto                                               6.361.889             2.179.682                                          Net




                                                                56
Page 914
                                                                         The original financial statements included herein are in
                                                                                                           Indonesian language.

             PT BANK MANDIRI TASPEN                                        PT BANK MANDIRI TASPEN
        CATATAN ATAS LAPORAN KEUANGAN                                 NOTES TO THE FINANCIAL STATEMENTS
         Tanggal 31 Desember 2025 dan untuk                                As of December 31, 2025 and
      Tahun yang Berakhir pada Tanggal Tersebut                              for the Year Then Ended
           (Disajikan dalam jutaan Rupiah,                               (Expressed in millions of Rupiah,
               kecuali dinyatakan lain)                                      unless otherwise stated)


7.    PENEMPATAN PADA BANK INDONESIA DAN                         7.   PLACEMENTS WITH BANK INDONESIA AND
      BANK LAIN (lanjutan)                                            OTHER BANKS (continued)

      Berdasarkan jangka waktu adalah sebagai berikut:                Based on periods are as follows:

                                        31 Desember 2025/      31 Desember 2024/
                                        December 31, 2025      December 31, 2024

     < 1 bulan                                   6.361.889              2.179.682                                   < 1 month


      Kisaran tingkat suku bunga per tahun pada tanggal               The range of interest rates per annum as of
      31 Desember 2025 dan 2024 adalah sebagai berikut:               December 31, 2025 and 2024 are as follows:

                                        31 Desember 2025/      31 Desember 2024/
                                        December 31, 2025      December 31, 2024

     FASBI                                          3,75%                   5,25%                                       FASBI

      Pada tanggal 31 Desember 2025 dan 2024, tidak                   As of December 31, 2025 and 2024, there are no
      terdapat penempatan pada Bank Indonesia dan bank                placements with Bank Indonesia and other banks
      lain yang dijaminkan.                                           pledged as collateral.

      Mutasi nilai tercatat penempatan pada Bank                      Movement of the carrying value of placements with
      Indonesia dan bank lain dengan klasifikasi biaya                Bank Indonesia and other banks classified as
      perolehan diamortisasi (semua penempatan pada                   amortized cost (all placements with Bank Indonesia
      Bank Indonesia dengan klasifikasi biaya perolehan               classified as amortized cost are stage 1) as of
      diamortisasi adalah stage 1) pada tanggal                       December 31, 2025 and 2024 are as follows:
      31 Desember 2025 dan 2024 adalah sebagai berikut:

                                       31 Desember 2025/       31 Desember 2024/
                                       December 31, 2025       December 31, 2024

     Saldo awal                                  2.179.682                674.927                        Beginning balance
     Penempatan tahun berjalan                   6.361.889              2.179.682                  Placement during the year
     Jatuh tempo                                (2.179.682)              (674.927)                                  Matured

     Saldo akhir                                 6.361.889              2.179.682                            Ending balance


      Pada tanggal 31 Desember 2025 dan 2024, tidak                   As of December 31, 2025 and 2024, there are no
      terdapat penempatan pada Bank Indonesia dan bank                placements with Bank Indonesia and other banks
      lain yang dijaminkan.                                           pledged as collateral.

      Manajemen berpendapat bahwa cadangan kerugian                   Management believes that allowance for
      penurunan nilai atas penempatan pada Bank                       impairment losses for placements with Bank
      Indonesia dan bank lain telah memadai.                          Indonesia and other banks is not necessary.




                                                          57
Page 915
                                                                                                      The original financial statements included herein are in
                                                                                                                                        Indonesian language.

              PT BANK MANDIRI TASPEN                                                                    PT BANK MANDIRI TASPEN
         CATATAN ATAS LAPORAN KEUANGAN                                                             NOTES TO THE FINANCIAL STATEMENTS
          Tanggal 31 Desember 2025 dan untuk                                                            As of December 31, 2025 and
       Tahun yang Berakhir pada Tanggal Tersebut                                                          for the Year Then Ended
            (Disajikan dalam jutaan Rupiah,                                                           (Expressed in millions of Rupiah,
                kecuali dinyatakan lain)                                                                  unless otherwise stated)


8.     EFEK-EFEK                                                                            8.    SECURITIES

       Rincian efek-efek adalah sebagai berikut:                                                  Details of the securities are as follows:
                                                                      31 Desember 2025/December 31, 2025

                                                                           Premi/
                                                                         (diskonto)         Keuntungan/
                                                                        yang belum            (kerugian)
                                                                        diamortisasi/        yang belum           Nilai Tercatat/
                                                                        Unamortized          direalisasi/          Nilai Wajar/
                                                   Nilai nominal/         premium/           Unrealized          Carrying Value/
                                                  Nominal amount         (discount)         gains/(losses)          Fair Value

     Pihak berelasi (Catatan 36)                                                                                                                  Related Parties (Note 36)
     Biaya perolehan diamortisasi - Rupiah                                                                                                          Amortized cost - Rupiah
        Obligasi Pemerintah                             3.882.413              292.052                       -          4.174.465                     Government Bonds

     Nilai wajar melalui penghasilan                                                                                                                       Fair value through
        komprehensif lain - Rupiah                                                                                                   other comprehensive income - Rupiah
        Obligasi Pemerintah                             5.353.699              341.099             135.654              5.830.452                     Government Bonds
                                                                                                                                             Fair value through profit or loss
     Nilai wajar melalui laba rugi - Rupiah                                                                                                                        - Rupiah
         Obligasi Pemerintah                              102.558                       -            (1.252)              101.306                     Government Bonds

                                                        9.338.670              633.151             134.402             10.106.223
     Pihak ketiga                                                                                                                                           Third Parties
     Biaya perolehan diamortisasi - Rupiah                                                                                                         Amortized cost - Rupiah
        Sekuritas Rupiah Bank Indonesia (SRBI)            300.000                   (40)                     -            299.960 Bank Indonesia Rupiah Securities (SRBI)

     Nilai wajar melalui penghasilan                                                                                                                    Fair value through
         komprehensif lain - Rupiah                                                                                                 other comprehensive income - Rupiah
         Sekuritas Rupiah Bank Indonesia (SRBI)         2.151.237               (35.049)             3.836              2.120.024 Bank Indonesia Rupiah Securities (SRBI)

                                                                                                                                            Fair value through profit or loss
     Nilai wajar melalui laba rugi - Rupiah                                                                                                                      - Rupiah
         Sekuritas Rupiah Bank Indonesia (SRBI)           492.570                       -              555                493.125 Bank Indonesia Rupiah Securities (SRBI)

                                                        2.943.807               (35.089)             4.391              2.913.109

     Total                                             12.282.477              598.062             138.793             13.019.332                                       Total



                                                                    31 Desember 2024/December 31, 2024

                                                                           Premi/
                                                                         (diskonto)         Keuntungan/
                                                                        yang belum            (kerugian)
                                                                        diamortisasi/        yang belum           Nilai Tercatat/
                                                                        Unamortized          direalisasi/          Nilai Wajar/
                                                   Nilai nominal/         premium/           Unrealized          Carrying Value/
                                                  Nominal amount         (discount)         gains/(losses)          Fair Value

     Pihak berelasi (Catatan 36)                                                                                                                  Related Parties (Note 36)
     Biaya perolehan diamortisasi - Rupiah                                                                                                          Amortized cost - Rupiah
        Obligasi Pemerintah                             4.082.413              144.983                       -          4.227.396                     Government Bonds

     Nilai wajar melalui penghasilan                                                                                                                     Fair value through
        komprehensif lain - Rupiah                                                                                                   other comprehensive income - Rupiah
        Obligasi Pemerintah                             3.734.867              290.237             (99.603)             3.925.501                    Government Bonds

                                                        7.817.280              435.220             (99.603)             8.152.897

     Pihak ketiga                                                                                                                                           Third Parties
     Biaya perolehan diamortisasi - Rupiah                                                                                                         Amortized cost - Rupiah
        Sekuritas Rupiah Bank Indonesia (SRBI)          3.000.000                (4.839)                     -          2.995.161 Bank Indonesia Rupiah Securities (SRBI)

     Nilai wajar melalui penghasilan                                                                                                                    Fair value through
         komprehensif lain - Rupiah                                                                                                 other comprehensive income - Rupiah
         Sekuritas Rupiah Bank Indonesia (SRBI)         1.649.163               (67.995)                 67             1.581.235 Bank Indonesia Rupiah Securities (SRBI)

                                                        4.649.163               (72.834)                 67             4.576.396

     Total                                             12.466.443              362.386             (99.536)            12.729.293                                       Total




                                                                                   58
Page 916
                                                                          The original financial statements included herein are in
                                                                                                            Indonesian language.

             PT BANK MANDIRI TASPEN                                         PT BANK MANDIRI TASPEN
        CATATAN ATAS LAPORAN KEUANGAN                                  NOTES TO THE FINANCIAL STATEMENTS
         Tanggal 31 Desember 2025 dan untuk                                 As of December 31, 2025 and
      Tahun yang Berakhir pada Tanggal Tersebut                               for the Year Then Ended
           (Disajikan dalam jutaan Rupiah,                                (Expressed in millions of Rupiah,
               kecuali dinyatakan lain)                                       unless otherwise stated)


8.    EFEK-EFEK (lanjutan)                                        8.   SECURITIES (continued)

      Mutasi nilai tercatat efek-efek dengan klasifikasi               Movement of the carrying value of securities
      biaya perolehan diamortisasi (semua efek-efek                    classified as amortized cost (all securities classified
      dengan klasifikasi biaya perolehan diamortisasi                  as amortized cost are stage 1) as of
      adalah stage 1) pada tanggal 31 Desember 2025 dan                December 31, 2025 and 2024 are as follows:
      2024 adalah sebagai berikut:
                                          31 Desember 2025/     31 Desember 2024/
                                          December 31, 2025     December 31, 2024

     Biaya perolehan diamortisasi                                                                             Amortized cost
       Saldo awal                                  7.222.557              4.278.053                      Beginning balance
       Amortisasi discount/(premium)                   9.229                (16.089)       Discount/(premium) amortizations
       Aset keuangan baru yang dibeli             18.936.922              9.286.685          New financial assets purchased
       Efek-efek yang telah jatuh tempo          (21.694.283)            (6.326.092)                     Securities matured

     Saldo akhir                                   4.474.425             7.222.557                            Ending balance



      Jumlah tercatat efek-efek berdasarkan jangka waktu               The carrying amount of securities based on contract
      kontrak pada tanggal 31 Desember 2025 dan 2024                   periods as of December 31, 2025 and 2024 are as
      adalah sebagai berikut:                                          follows:
                                          31 Desember 2025/     31 Desember 2024/
                                          December 31, 2025     December 31, 2024


     < 1 bulan                                       299.960             2.995.161                                   < 1 month
     1 - 3 bulan                                     593.812                     -                                1 - 3 months
     > 3 - 12 bulan                                2.614.855             1.581.235                             > 3 - 12 months
     > 1 - 3 tahun                                    51.230                     -                                   1 - 3 years
     > 3 tahun                                     9.459.475             8.152.897                                    > 3 years

     Total                                       13.019.332             12.729.293                                        Total


      Jumlah tercatat efek-efek berdasarkan sisa umur                  The carrying amount of securities based on the
      jatuh tempo pada tanggal 31 Desember 2025 dan                    remaining maturities as of December 31, 2025 and
      2024 adalah sebagai berikut:                                     2024 are as follows:

                                          31 Desember 2025/     31 Desember 2024/
                                          December 31, 2025     December 31, 2024

     < 1 bulan                                       749.781                     -                                   < 1 month
     1 - 3 bulan                                   1.095.765                     -                                1 - 3 months
     > 3 - 6 bulan                                 1.210.322             3.674.360                              > 3 - 6 months
     > 6 - 12 bulan                                  748.947               902.036                             > 6 - 12 months
     > 1 - 3 tahun                                   177.120               298.396                                > 1 - 3 years
     > 3 tahun                                     9.037.397             7.854.501                                    > 3 years

     Total                                       13.019.332             12.729.293                                        Total


      Kisaran tingkat suku bunga per tahun pada tanggal                 The range of interest rates per annum as of
      31 Desember 2025 dan 2024 adalah masing-masing                    December 31, 2025 and 2024 are 4.58% - 10.50%
      sebesar 4,58% - 10,50% dan 6,13% - 10,50%.                        and 6.13% - 10.50%, respectively.

      Pada tanggal 31 Desember 2025 dan 2024, seluruh                   As of December 31, 2025 and 2024, all securities
      efek-efek yang dimiliki Bank terdiri dari obligasi                owned by the Bank consist of government bonds
      pemerintah dan Sekuritas Rupiah Bank Indonesia                    and Bank Indonesia Rupiah Securities which are
      (SRBI) tidak memiliki peringkat.                                  unrated.

      Pada tanggal 31 Desember 2024 terdapat transaksi                 As of December 31, 2024 there were securities
      efek-efek yang dijual dengan janji dibeli kembali                transaction sold under repurchase agreement with
      dengan    nilai  nominal   sebesar    Rp200.000                  nominal amount of Rp200,000 (Note 21).
      (Catatan 21).

                                                           59
Page 917
                                                                                                  The original financial statements included herein are in
                                                                                                                                    Indonesian language.

             PT BANK MANDIRI TASPEN                                                                PT BANK MANDIRI TASPEN
        CATATAN ATAS LAPORAN KEUANGAN                                                         NOTES TO THE FINANCIAL STATEMENTS
         Tanggal 31 Desember 2025 dan untuk                                                        As of December 31, 2025 and
      Tahun yang Berakhir pada Tanggal Tersebut                                                      for the Year Then Ended
           (Disajikan dalam jutaan Rupiah,                                                       (Expressed in millions of Rupiah,
               kecuali dinyatakan lain)                                                              unless otherwise stated)


8.    EFEK-EFEK (lanjutan)                                                              8.   SECURITIES (continued)
      Manajemen berpendapat bahwa tidak diperlukan                                            Management believes that no allowance for
      cadangan kerugian penurunan nilai atas efek-efek.                                       impairment losses for securities is required.

      Perubahan (kerugian)/keuntungan yang belum                                              Unrealized (loss)/gain from changes in fair values of
      direalisasi atas efek-efek yang diklasifikasikan                                        securities classified as fair value through other
      sebagai nilai wajar melalui penghasilan komprehensif                                    comprehensive income are as follows:
      lain adalah sebagai berikut:
                                                       31 Desember 2025/              31 Desember 2024/
                                                       December 31, 2025              December 31, 2024

     Saldo awal, sebelum pajak                                        (99.536)                           1.190                Beginning balance, before tax
     Perubahan nilai wajar pada                                                                                                    Changes in current year
       tahun berjalan                                                 239.026                         (100.726)                                fair value

     Total sebelum pajak                                             139.490                           (99.536)                                Total before tax
     Pajak terkait                                                   (30.688)                           21.898                                     Tax related

     Saldo akhir                                                     108.802                           (77.638)                                Ending balance


9.    EFEK-EFEK YANG                     DIBELI      DENGAN         JANJI               9.   SECURITIES    PURCHASED                                     UNDER
      DIJUAL KEMBALI                                                                         AGREEMENTS TO RESELL
                                                                                                          31 Desember 2025/December 31, 2025
                                                                                                                              Pendapatan
                                                                                                                                  bunga
                                                                                                                              yang belum
                                                  Nilai nominal/      Tanggal             Tanggal         Nilai penjualan     diamortisasi/
        Nasabah/              Jenis efek-efek/       Nominal          dimulai/         jatuh tempo/          kembali/         Unamortized       Nilai tercatat/
       Counterparty          Type of securities      amount         Starting date        Due date         Resale amount          Interest       Carrying value
      Pihak ketiga /Third parties - Rupiah
                            Obligasi Pemerintah                             31 Des/             7 Jan/
                            VR 0070/Government                              Dec 31,             Jan 7,
      Bank Indonesia        Bonds VR 0070               1.014.720             2025               2026             1.015.658             803          1.014.855


                                                                                                          31 Desember 2024/December 31, 2024
                                                                                                                              Pendapatan
                                                                                                                                  bunga
                                                                                                                              yang belum
                                                  Nilai nominal/      Tanggal             Tanggal         Nilai penjualan     diamortisasi/
        Nasabah/              Jenis efek-efek/       Nominal          dimulai/         jatuh tempo/          kembali/         Unamortized       Nilai tercatat/
       Counterparty          Type of securities      amount         Starting date        Due date         Resale amount          Interest       Carrying value
      Pihak ketiga /Third parties - Rupiah

                            Obligasi Pemerintah                             27 Des/             3 Jan/
                            VR 0034/Government                              Dec 27,             Jan 3,
      Bank Indonesia        Bonds VR 0034                 296.424             2024               2025              296.770               99            296.671

                            Obligasi Pemerintah                             30 Des/             6 Jan/
                            VR 0042/Government                              Dec 30,             Jan 6,
      Bank Indonesia        Bonds VR 0042                 490.192             2024               2025              490.763              408            490.355

                            Obligasi Pemerintah                             30 Des/             6 Jan/
                            VR 0042/Government                              Dec 30,             Jan 6,
      Bank Indonesia        Bonds VR 0042                 490.192             2024               2025              490.763              408            490.355

      Total                                             1.276.808                                                 1.278.296             915          1.277.381




                                                                              60
Page 918
                                                                                   The original financial statements included herein are in
                                                                                                                     Indonesian language.

             PT BANK MANDIRI TASPEN                                                PT BANK MANDIRI TASPEN
        CATATAN ATAS LAPORAN KEUANGAN                                         NOTES TO THE FINANCIAL STATEMENTS
         Tanggal 31 Desember 2025 dan untuk                                        As of December 31, 2025 and
      Tahun yang Berakhir pada Tanggal Tersebut                                      for the Year Then Ended
           (Disajikan dalam jutaan Rupiah,                                       (Expressed in millions of Rupiah,
               kecuali dinyatakan lain)                                              unless otherwise stated)


9.    EFEK-EFEK YANG DIBELI                 DENGAN     JANJI            9.   SECURITIES     PURCHASED         UNDER
      DIJUAL KEMBALI (lanjutan)                                              AGREEMENTS TO RESELL (continued)

      Pada tanggal 31 Desember 2025 dan 2024, seluruh                        As of December 31, 2025 and 2024, all securities
      efek-efek yang dibeli dengan janji dijual kembali                      purchased under agreements to resell classified as
      diklasifikasikan sebagai biaya perolehan diamortisasi                  amortized cost and stage 1.
      dan digolongkan dalam stage 1.

      Pada tanggal 31 Desember 2025 dan 2024, tidak                          As of December 31, 2025 and 2024, there are no
      terdapat efek-efek yang dibeli dengan janji dijual                     securities purchased under agreement to resell
      kembali yang dijaminkan.                                               pledged as collateral.

      Pada tanggal 31 Desember 2025 dan 2024, tingkat                        As of December 31, 2025 and 2024, interest rates
      suku bunga per tahun masing-masing adalah                              per annum are 4.75% and 6.00%, respectively.
      sebesar 4,75% dan 6,00%.

      Mutasi nilai tercatat efek-efek yang dibeli dengan janji               Movement of the carrying value of securities
      dijual kembali dengan klasifikasi biaya perolehan                      purchased under agreements to resell classified as
      diamortisasi (semua efek-efek yang dibeli dengan                       amortized cost (all securities purchased under
      janji dijual kembali dengan klasifikasi biaya perolehan                agreements to resell classified as amortized cost
      diamortisasi adalah stage 1) pada tanggal                              are stage 1) as of December 31, 2025 and 2024 are
      31 Desember 2025 dan 2024 adalah sebagai berikut:                      as follows:

                                             31 Desember 2025/        31 Desember 2024/
                                             December 31, 2025        December 31, 2024

     Saldo awal                                       1.277.381                    6.482.799                        Beginning balance
     Aset keuangan yang baru dibeli                   1.014.855                    1.277.381            New financial assets purchased
     Aset keuangan yang telah jatuh tempo            (1.277.381)                  (6.482.799)                 Financial assets matured

     Saldo akhir                                      1.014.855                    1.277.381                           Ending balance


10. KREDIT YANG DIBERIKAN                                               10. LOANS

      a.    Berdasarkan Jenis                                                a.     Based on Type

                                             31 Desember 2025/        31 Desember 2024/
                                             December 31, 2025        December 31, 2024

     Pihak Berelasi - Rupiah (Catatan 36)                                                          Related Parties - Rupiah (Note 36)
     Modal Kerja                                              -                           8                           Working Capital
     Konsumsi                                            15.257                      15.922                             Consumption

                                                         15.257                      15.930

     Pihak Ketiga - Rupiah                                                                                      Third Parties - Rupiah
     Modal Kerja                                     38.323.595                   35.590.405                           Working Capital
     Konsumsi                                        12.170.408                   10.615.837                             Consumption
     Investasi                                           21.456                       39.243                                Investment

                                                     50.515.459                   46.245.485

     Total                                           50.530.716                   46.261.415                                     Total
       Dikurangi:                                                                                                               Less:
         Cadangan kerugian penurunan nilai             (770.429)                    (817.514)       Allowance for impairment losses

     Neto                                            49.760.287                   45.443.901                                         Net




                                                                 61
Page 919
                                                                           The original financial statements included herein are in
                                                                                                             Indonesian language.

          PT BANK MANDIRI TASPEN                                            PT BANK MANDIRI TASPEN
     CATATAN ATAS LAPORAN KEUANGAN                                     NOTES TO THE FINANCIAL STATEMENTS
      Tanggal 31 Desember 2025 dan untuk                                    As of December 31, 2025 and
   Tahun yang Berakhir pada Tanggal Tersebut                                  for the Year Then Ended
        (Disajikan dalam jutaan Rupiah,                                   (Expressed in millions of Rupiah,
            kecuali dinyatakan lain)                                          unless otherwise stated)


10. KREDIT YANG DIBERIKAN (lanjutan)                              10. LOANS (continued)

   b.     Berdasarkan Sektor Ekonomi                                  b.     Based on Economic Sector

                                          31 Desember 2025/     31 Desember 2024/
                                          December 31, 2025     December 31, 2024

  Pihak Berelasi - Rupiah (Catatan 36)                                                     Related Parties - Rupiah (Note 36)
  Perdagangan, Restoran, dan Hotel                          -                     8             Trading, Restaurant, and Hotel
  Lain-lain                                            15.257                15.922                                    Others

                                                       15.257                15.930

  Pihak Ketiga - Rupiah                                                                                Third Parties - Rupiah
  Perdagangan, Restoran, dan Hotel               19.843.931             18.798.573              Trading, Restaurant, and Hotel
  Pertanian, Perburuan, dan                                                                           Agriculture, Hunting, and
     Sarana Pertanian                             7.695.071                7.229.427                Agriculture Improvement
  Jasa Sosial Masyarakat                          4.755.026                4.358.797                             Social Services
  Jasa Dunia Usaha                                5.093.867                4.338.628                         Business Services
  Industri Pengolahan                               363.081                  380.242                              Manufacturing
  Pengangkutan, Pergudangan dan                                                               Transportation, Warehousing and
     Komunikasi                                     571.440                502.982                             Communication
  Pertambangan                                       16.738                 15.355                                        Mining
  Kontruksi                                           5.831                  5.393                                  Construction
  Listrik, gas, dan air                                  66                    252                   Electricity, gas, and water
  Lain-lain                                      12.170.408             10.615.836                                       Others

                                                 50.515.459             46.245.485

  Total                                          50.530.716             46.261.415                                       Total
    Dikurangi:                                                                                                          Less:
      Cadangan kerugian penurunan nilai            (770.429)                (817.514)       Allowance for impairment losses

  Neto                                           49.760.287             45.443.901                                           Net



   c.     Berdasarkan Jangka Waktu                                    c.     Based on Period

                                          31 Desember 2025/     31 Desember 2024/
                                          December 31, 2025     December 31, 2024

         < 1 tahun                                   38.841                 92.361                                      < 1 year
         > 1 tahun - 2 tahun                        185.899                135.287                            > 1 year - 2 years
         > 2 tahun - 5 tahun                      1.446.161                738.223                           > 2 years - 5 years
         > 5 tahun                               48.859.815             45.295.544                                    > 5 years

         Total                                   50.530.716             46.261.415                                         Total
         Dikurangi: Cadangan Kerugian                                                                        Less: Allowance for
           Penurunan Nilai                         (770.429)                (817.514)                      Impairment Losses

         Neto                                    49.760.287             45.443.901                                           Net


   d.     Berdasarkan Sisa Umur Jatuh Tempo                           d.     Based on Remaining Maturities

                                                2025                  2024

         < 1 tahun                                  274.215                311.675                                      < 1 year
         > 1 tahun - 2 tahun                        449.002                375.940                            > 1 year - 2 years
         > 2 tahun - 5 tahun                      2.694.349              2.128.364                           > 2 years - 5 years
         > 5 tahun                               47.113.150             43.445.436                                    > 5 years

         Total                                   50.530.716             46.261.415                                         Total
         Dikurangi: Cadangan Kerugian                                                                        Less: Allowance for
           Penurunan Nilai                         (770.429)                (817.514)                      Impairment Losses

         Neto                                    49.760.287             45.443.901                                           Net


                                                           62
Page 920
                                                                                               The original financial statements included herein are in
                                                                                                                                 Indonesian language.

          PT BANK MANDIRI TASPEN                                                              PT BANK MANDIRI TASPEN
     CATATAN ATAS LAPORAN KEUANGAN                                                       NOTES TO THE FINANCIAL STATEMENTS
      Tanggal 31 Desember 2025 dan untuk                                                      As of December 31, 2025 and
   Tahun yang Berakhir pada Tanggal Tersebut                                                    for the Year Then Ended
        (Disajikan dalam jutaan Rupiah,                                                     (Expressed in millions of Rupiah,
            kecuali dinyatakan lain)                                                            unless otherwise stated)


10. KREDIT YANG DIBERIKAN (lanjutan)                                               10. LOANS (continued)

   e.     Berdasarkan Staging                                                           e.      Based on Staging
          Perubahan nilai tercatat kredit yang diberikan                                        Movement of carrying value of loans classified
          dengan klasifikasi biaya perolehan diamortisasi                                       as amortized cost based on stage for the year
          berdasarkan stage untuk tahun yang berakhir                                           ended December 31, 2025 and 2024 are as
          pada tanggal 31 Desember 2025 dan 2024                                                follows:
          adalah sebagai berikut:
                                                               31 Desember 2025/December 31, 2025
                                               Stage 1              Stage 2          Stage 3             Total


        Biaya perolehan diamortisasi                                                                                                      Amortized cost
           Saldo awal                            45.885.237             200.772          175.406          46.261.415                 Beginning balance
           Transfer ke kerugian kredit                                                                                            Transfer to 12 months
              ekspektasian 12 bulan                                                                                              expected credit loss
              (stage 1)                            721.104             (351.305)        (369.799)                   -                       (stage 1)
           Transfer ke kredit yang diberikan
              yang mengalami penurunan                                                                                              Transfer to impaired
              nilai (stage 2)                      (702.616)            707.159           (4.543)                   -                 loans (stage 2)
           Transfer ke kredit yang diberikan
              yang mengalami penurunan                                                                                              Transfer to impaired
              nilai (stage 3)                      (428.145)           (350.868)         779.013                    -                 loans (stage 3)

           Total saldo awal                                                                                                               Total beginning
              setelah pengalihan                 45.475.580             205.758          580.077          46.261.415            balance after transfer
           Pengukuran kembali bersih                                                                                                 Net remeasurement
              nilai tercatat                     (2.235.997)            102.796           40.209           (2.092.992)               of carrying value
           Aset keuangan baru yang                                                                                                  New financial assets
              diterbitkan atau dibeli             8.941.122               8.967           18.709           8.968.798             issued or purchased
           Aset keuangan yang
              dihentikan pengakuannya            (2.167.571)           (117.571)         (60.679)          (2.345.821)     Financial assets derecognized
           Aset keuangan yang
              dihapus buku                                -                    -        (260.684)           (260.684)         Financial assets written-off

           Total                                 50.013.134             199.950          317.632          50.530.716                               Total
           Dikurangi: Cadangan kerugian                                                                                              Less: Allowance for
              penurunan nilai                      (557.776)            (55.480)        (157.173)           (770.429)              impairment losses

        Neto                                     49.455.358             144.470          160.459          49.760.287                                     Net


                                                               31 Desember 2024/December 31, 2024
                                               Stage 1              Stage 2          Stage 3             Total
        Biaya perolehan diamortisasi                                                                                                      Amortized cost
           Saldo awal                            40.998.852             170.345          181.590          41.350.787                 Beginning balance
           Transfer ke kerugian kredit                                                                                            Transfer to 12 months
              ekspektasian 12 bulan                                                                                              expected credit loss
              (stage 1)                             62.594              (35.759)         (26.835)                   -                       (stage 1)
           Transfer ke kredit yang diberikan
              yang mengalami penurunan                                                                                              Transfer to impaired
              nilai (stage 2)                      (531.692)            534.193           (2.501)                   -                 loans (stage 2)
           Transfer ke kredit yang diberikan
              yang mengalami penurunan                                                                                              Transfer to impaired
              nilai (stage 3)                      (223.998)           (204.425)         428.423                    -                 loans (stage 3)

           Total saldo awal                                                                                                               Total beginning
              setelah pengalihan                 40.305.756             464.354          580.677          41.350.787            balance after transfer
           Pengukuran kembali bersih                                                                                                 Net remeasurement
              nilai tercatat                     (1.921.908)              7.961              4.275         (1.909.672)               of carrying value
           Aset keuangan baru yang                                                                                                  New financial assets
              diterbitkan atau dibeli             9.970.185               2.158                430         9.972.773             issued or purchased
           Aset keuangan yang
              dihentikan pengakuannya            (2.468.796)           (273.701)         (84.569)          (2.827.066)     Financial assets derecognized
           Aset keuangan yang
              dihapus buku                                -                    -        (325.407)           (325.407)         Financial assets written-off

           Total                                 45.885.237             200.772          175.406          46.261.415                               Total
           Dikurangi: Cadangan kerugian                                                                                              Less: Allowance for
              penurunan nilai                      (647.804)            (56.903)        (112.807)           (817.514)              impairment losses

        Neto                                     45.237.433             143.869           62.599          45.443.901                                     Net




                                                                              63
Page 921
                                                                           The original financial statements included herein are in
                                                                                                             Indonesian language.

          PT BANK MANDIRI TASPEN                                            PT BANK MANDIRI TASPEN
     CATATAN ATAS LAPORAN KEUANGAN                                     NOTES TO THE FINANCIAL STATEMENTS
      Tanggal 31 Desember 2025 dan untuk                                    As of December 31, 2025 and
   Tahun yang Berakhir pada Tanggal Tersebut                                  for the Year Then Ended
        (Disajikan dalam jutaan Rupiah,                                   (Expressed in millions of Rupiah,
            kecuali dinyatakan lain)                                          unless otherwise stated)


10. KREDIT YANG DIBERIKAN (lanjutan)                              10. LOANS (continued)

   f.    Suku Bunga Efektif Per Tahun                                 f.    Effective Interest Rate per Annum

         Kisaran tingkat suku bunga per tahun pada                          The range of interest rates per annum as of
         tanggal 31 Desember 2025 dan 2024 adalah                           December 31, 2025 and 2024 are as follows:
         sebagai berikut:

                                        31 Desember 2025/       31 Desember 2024/
                                        December 31, 2025       December 31, 2024

        Retail                            14,00% - 18,06 %         14,00% - 17,04%                                        Retail
        Mikro                               8,40% - 14,51%          8,65% - 14,02%                                        Micro
        Pensiunan                           9,11% - 18,85%          8,50% - 18,47%                                   Pensioners

   g.    Agunan Kredit                                                g.    Loan Collaterals

         Kredit yang diberikan pada umumnya dijamin                         Loans are generally secured by pledged
         dengan agunan yang diikat dengan hak                               collateral, bonded with power of attorney in
         tanggungan atau surat kuasa untuk menjual,                         respect of the rights to sell, time deposits or
         deposito berjangka atau jaminan lain yang dapat                    other collateral acceptable to the Bank.
         diterima oleh Bank. Simpanan nasabah yang                          Deposits from customers that were pledged as
         dijadikan jaminan tunai untuk kredit yang                          cash collateral for loans as of December 31,
         diberikan pada tanggal 31 Desember 2025 dan                        2025 and 2024 amounted to Rp102,413 and
         2024 masing-masing adalah sebesar Rp102.413                        Rp145,849, respectively (Note 16c).
         dan Rp145.849 (Catatan 16c).

         Pada tanggal 31 Desember 2025 dan 2024, tidak                      As of December 31, 2025 and 2024, there are
         terdapat kredit yang diberikan yang dijadikan                      no loans pledged as collateral.
         jaminan.

   h.    Kredit Direstrukturisasi                                     h.    Restructured Loans

         Jumlah kredit yang diberikan yang telah                            Total restructured loans by the Bank as of
         direstrukturisasi oleh Bank pada tanggal                           December 31, 2025 and 2024, amounted to
         31 Desember 2025 dan 2024, masing-masing                           Rp23,040 and Rp39,256, respectively. The
         sebesar Rp23.040 dan Rp39.256. Skema                               restructuring scheme is conducted by
         restrukturisasi dilakukan dengan perpanjangan                      extending the loan period and/or grace period.
         jangka waktu kredit dan/atau grace period.

   i.    Kredit kepada Pihak Berelasi                                 i.    Loans to Related Parties

         Informasi mengenai transaksi dengan pihak                          Information in respect of transactions with
         berelasi diungkapkan pada Catatan 36.                              related parties is disclosed in Note 36.

   j.    Kredit Hapus Buku                                            j.    Written-off loans

         Kredit yang telah dihapusbukukan oleh Bank                         The loans written off by the Bank are recorded
         dicatat sebagai kredit ekstra-komtabel di dalam                    as extra-comptable in the administrative
         rekening administratif (Catatan 35).                               account (Note 35).




                                                           64
Page 922
                                                                                          The original financial statements included herein are in
                                                                                                                            Indonesian language.

          PT BANK MANDIRI TASPEN                                                         PT BANK MANDIRI TASPEN
     CATATAN ATAS LAPORAN KEUANGAN                                                  NOTES TO THE FINANCIAL STATEMENTS
      Tanggal 31 Desember 2025 dan untuk                                                 As of December 31, 2025 and
   Tahun yang Berakhir pada Tanggal Tersebut                                               for the Year Then Ended
        (Disajikan dalam jutaan Rupiah,                                                (Expressed in millions of Rupiah,
            kecuali dinyatakan lain)                                                       unless otherwise stated)


10. KREDIT YANG DIBERIKAN (lanjutan)                                           10. LOANS (continued)

   k.     Cadangan Kerugian Penurunan Nilai                                        k.       Allowance for Impairment Loss

          Mutasi cadangan kerugian penurunan nilai                                          Movements of allowance for impairment losses
          adalah sebagai berikut:                                                           are as follows:
                                                          31 Desember 2025/December 31, 2025
                                          Stage 1              Stage 2          Stage 3             Total


        Saldo awal                            647.804               56.903          112.807             817.514                    Beginning balance
        Pengalihan ke                                                                                                                     Transfer to:
           Kerugian kredit
               ekspektasian 12 bulan                                                                                           Expected credit loss
              (stage 1)                        44.239              (19.168)         (25.071)                  -             12 months (stage 1)
           Kerugian kredit ekspektasian
              sepanjang umurnya -
              tidak mengalami penurunan                                                                                 Expected lifetime credit loss
              nilai (stage 2)                  (12.678)             13.441                (763)               -           - unimpaired (stage 2)
           Kerugian kredit ekspektasian
              sepanjang umurnya -
              mengalami penurunan                                                                                       Expected lifetime credit loss
              nilai (stage 3)                  (15.253)            (37.748)          53.001                   -             - impaired (stage 3)

        Total saldo awal                                                                                                       Total beginning balance
           setelah pengalihan                 664.112               13.428          139.974             817.514                        after transfer

        Pengukuran kembali bersih
           penyisihan kerugian                 (14.541)             62.211          287.677             335.347       Net remeasurement of allowance
        Aset keuangan baru yang                                                                                            New financial assets issued
           diterbitkan atau dibeli             36.467                1.476              7.400            45.343                       or purchased
        Aset keuangan yang
           dihentikan pengakuannya            (128.262)            (21.635)         (17.194)           (167.091)        Financial assets derecognized

        Total penambahan (pengurangan)        (106.336)             42.052          277.883             213.599            Total additional (deduction)

        Aset keuangan yang dihapus buku              -                     -       (260.684)           (260.684)            Financial assets written-off

        Saldo akhir                           557.776               55.480          157.173             770.429                       Ending balance


                                                          31 Desember 2024/December 31, 2024
                                          Stage 1              Stage 2          Stage 3             Total
        Saldo awal                            848.365               96.236          150.341           1.094.942                    Beginning balance
        Pengalihan ke                                                                                                                     Transfer to:
           Kerugian kredit
               ekspektasian 12 bulan                                                                                           Expected credit loss
              (stage 1)                        10.915               (3.058)          (7.857)                  -             12 months (stage 1)
           Kerugian kredit ekspektasian
              sepanjang umurnya -
              tidak mengalami penurunan                                                                                 Expected lifetime credit loss
              nilai (stage 2)                  (14.985)             15.949                (964)               -           - unimpaired (stage 2)
           Kerugian kredit ekspektasian
              sepanjang umurnya -
              mengalami penurunan                                                                                       Expected lifetime credit loss
              nilai (stage 3)                  (16.893)            (47.331)          64.224                   -             - impaired (stage 3)

        Total saldo awal                                                                                                       Total beginning balance
           setelah pengalihan                 827.402               61.796          205.744           1.094.942                        after transfer

        Pengukuran kembali bersih
           penyisihan kerugian                (107.372)             64.642          251.504             208.774       Net remeasurement of allowance
        Aset keuangan baru yang                                                                                            New financial assets issued
           diterbitkan atau dibeli             41.034                    351              424            41.809                       or purchased
        Aset keuangan yang
           dihentikan pengakuannya            (113.260)            (69.886)         (19.458)           (202.604)        Financial assets derecognized

        Total penambahan (pengurangan)        (179.598)             (4.893)         232.470              47.979            Total additional (deduction)

        Aset keuangan yang dihapus buku              -                     -       (325.407)           (325.407)            Financial assets written-off

        Saldo akhir                           647.804               56.903          112.807             817.514                       Ending balance



          Manajemen      berpendapat      bahwa  jumlah                                     Management believes that the amount of the
          cadangan kerugian penurunan nilai kredit yang                                     allowance for impairment losses provided is
          diberikan yang dibentuk telah memadai untuk                                       adequate to cover possible losses from
          menutup kemungkinan kerugian akibat tidak                                         uncollectible loans.
          tertagihnya kredit yang diberikan.


                                                                         65
Page 923
                                                                                         The original financial statements included herein are in
                                                                                                                           Indonesian language.

           PT BANK MANDIRI TASPEN                                                          PT BANK MANDIRI TASPEN
      CATATAN ATAS LAPORAN KEUANGAN                                                   NOTES TO THE FINANCIAL STATEMENTS
       Tanggal 31 Desember 2025 dan untuk                                                  As of December 31, 2025 and
    Tahun yang Berakhir pada Tanggal Tersebut                                                for the Year Then Ended
         (Disajikan dalam jutaan Rupiah,                                                 (Expressed in millions of Rupiah,
             kecuali dinyatakan lain)                                                        unless otherwise stated)


11. BIAYA DIBAYAR DIMUKA                                                        11. PREPAID EXPENSES

                                                 31 Desember 2025/        31 Desember 2024/
                                                 December 31, 2025        December 31, 2024

  Pihak berelasi (Catatan 36)                                                                                         Related parties (Note 36)
    Jasa flagging                                                1.756                       1.892                          Flagging services

                                                                 1.756                       1.892
  Pihak Ketiga                                                                                                                   Third Parties
    Pemeliharaan hardware                                          993                         773                    Hardware maintenance
    Pemeliharaan software                                       30.393                      16.413                     Software maintenance
    Sewa                                                             -                         196                                   Rental

  Total                                                         33.142                      19.274                                            Total


12. ASET TETAP DAN ASET HAK GUNA                                                12. FIXED ASSETS AND RIGHTS OF USE ASSETS
                                                       31 Desember 2025/December 31, 2025

                                 Saldo Awal/     Penambahan/     Pengurangan/       Reklasifikasi/    Saldo Akhir/
                                Beginning Balance Additions       Deductions       Reclassifications Ending Balance

  Harga Perolehan                                                                                                                              Cost
     Tanah                             48.842               -                 -                 -           48.842                          Land
     Bangunan                          59.776              16                 -                 -           59.792                       Building
     Leasehold Improvements           498.525           2.054                 -            14.236          514.815        Leasehold Improvements
     Kendaraan                         44.715               -               (34)                -           44.681                       Vehicles
     Inventaris Kantor                422.236          49.384                 -            52.965          524.585              Office Equipment

  Total                              1.074.094         51.454               (34)           67.201         1.192.715                             Total
  Bangunan dalam penyelesaian               96        131.424                 -           (67.201)           64.319          Construction in progress

  Total                              1.074.190        182.878              (34)                 -         1.257.034                             Total
  Aset hak guna                        659.504         88.913             (725)                 -           747.692              Rights of use assets

  Total harga perolehan              1.733.694        271.791             (759)                 -         2.004.726                        Total cost

  Akumulasi Penyusutan                                                                                                   Accumulated Depreciation
    Bangunan                           24.326           2.409                 -                 -           26.735                     Buildings
    Leasehold Improvements            429.927          44.629                 -                69          474.625       Leasehold Improvements
    Kendaraan                          29.888           4.689               (34)                -           34.543                      Vehicles
    Inventaris Kantor                 306.413          55.871                 -               (69)         362.215             Office Equipment

  Total                               790.554         107.598              (34)                 -          898.118                              Total
  Aset hak guna                       438.106          98.519             (204)                 -          536.421               Rights of use assets

  Total akumulasi penyusutan         1.228.660        206.117             (238)                 -         1.434.539    Total accumulated depreciation

  Nilai Buku                          505.034                                                               570.187                      Book Value


                                                       31 Desember 2024/December 31, 2024

                                 Saldo Awal/     Penambahan/     Pengurangan/       Reklasifikasi/    Saldo Akhir/
                                Beginning Balance Additions       Deductions       Reclassifications Ending Balance

  Harga Perolehan                                                                                                                              Cost
     Tanah                             48.842               -                -                  -           48.842                          Land
     Bangunan                          59.694              82                -                  -           59.776                       Building
     Leasehold Improvements           467.690          14.458                -             16.377          498.525        Leasehold Improvements
     Kendaraan                         44.715               -                -                  -           44.715                       Vehicles
     Inventaris Kantor                358.394          58.616             (329)             5.555          422.236              Office Equipment

  Total                               979.335          73.156             (329)            21.932         1.074.094                             Total
  Bangunan dalam penyelesaian           9.800          12.228                -            (21.932)               96          Construction in progress

  Total                               989.135          85.384              (329)                -         1.074.190                             Total
  Aset hak guna                       591.797          69.993            (2.286)                -           659.504              Rights of use assets

  Total harga perolehan              1.580.932        155.377            (2.615)                -         1.733.694                        Total cost

  Akumulasi Penyusutan                                                                                                   Accumulated Depreciation
    Bangunan                           21.879           2.447                -                  -           24.326                     Buildings
    Leasehold Improvements            366.255          63.672                -                  -          429.927       Leasehold Improvements
    Kendaraan                          24.947           4.941                -                  -           29.888                      Vehicles
    Inventaris Kantor                 256.458          50.284             (329)                 -          306.413             Office Equipment

  Total                               669.539         121.344             (329)                 -          790.554                              Total
  Aset hak guna                       344.881          93.933             (708)                 -          438.106               Rights of use assets

  Total akumulasi penyusutan         1.014.420        215.277            (1.037)                -         1.228.660    Total accumulated depreciation

  Nilai Buku                          566.512                                                               505.034                      Book Value




                                                                    66
Page 924
                                                                                   The original financial statements included herein are in
                                                                                                                     Indonesian language.

           PT BANK MANDIRI TASPEN                                                    PT BANK MANDIRI TASPEN
      CATATAN ATAS LAPORAN KEUANGAN                                             NOTES TO THE FINANCIAL STATEMENTS
       Tanggal 31 Desember 2025 dan untuk                                            As of December 31, 2025 and
    Tahun yang Berakhir pada Tanggal Tersebut                                          for the Year Then Ended
         (Disajikan dalam jutaan Rupiah,                                           (Expressed in millions of Rupiah,
             kecuali dinyatakan lain)                                                  unless otherwise stated)


12. ASET TETAP DAN ASET HAK GUNA (lanjutan)                              12. FIXED ASSETS AND RIGHTS OF USE ASSETS
                                                                             (continued)

   Bangunan dalam penyelesaian pada tanggal                                     Construction in progress as of December 31, 2025
   31 Desember 2025 dan 2024, merupakan renovasi                                and 2024, are related to several building renovation
   atas beberapa bangunan yang disewa dari pihak                                that were rented from third party, with estimated
   ketiga, dengan estimasi persentase penyelesaian                              percentage of completion as follows:
   sebagai berikut:
                                           31 Desember 2025/December 31, 2025
                                                            Estimasi tahun      Kisaran persentase
                                                            penyelesaian/         penyelesaian/
                                    Jumlah/                 Estimated year      Range percentage
                                    Amount                  of completion         of completion
  Renovasi atas beberapa                                                                                             Renovation on several
    bangunan yang disewa                   64.319                       2026                10-90%                      buildings rented

                                           31 Desember 2024/December 31, 2024
                                                            Estimasi tahun      Kisaran persentase
                                                            penyelesaian/         penyelesaian/
                                    Jumlah/                 Estimated year      Range percentage
                                    Amount                  of completion         of completion
  Renovasi atas beberapa                                                                                             Renovation on several
    bangunan yang disewa                          96                    2025                25-75%                      buildings rented

    Aset hak guna pada tanggal 31 Desember 2025 dan                             Rights of use assets as of December 31, 2025 and
    2024 adalah sebagai berikut:                                                2024 are as follows:
                                                       31 Desember 2025/December 31, 2025

                                  Saldo awal/                                               Saldo akhir/
                                  Beginning            Penambahan/       Pengurangan/         Ending
                                   balance              Additions         Deductions          balance


  Harga perolehan                                                                                                                         Cost
     Bangunan                           553.860                70.755                 -           624.615                          Buildings
     Kendaraan                          105.644                18.158              (725)          123.077                          Vehicles

     Total harga perolehan              659.504                88.913              (725)          747.692                         Total cost


  Akumulasi penyusutan                                                                                             Accumulated depreciation
    Bangunan                            351.853                81.775                 -           433.628                       Buildings
    Kendaraan                            86.253                16.744              (204)          102.793                       Vehicles

     Total akumulasi penyusutan         438.106                98.519              (204)           536.421    Total accumulated depreciation

  Nilai buku                            221.398                                                   211.271                          Book value


                                                       31 Desember 2024/December 31, 2024

                                  Saldo awal/                                               Saldo akhir/
                                  Beginning            Penambahan/       Pengurangan/         Ending
                                   balance              Additions         Deductions          balance

  Harga perolehan                                                                                                                         Cost
     Bangunan                           494.714                61.236             (2.090)         553.860                          Buildings
     Kendaraan                           97.083                 8.757               (196)         105.644                          Vehicles

     Total harga perolehan              591.797                69.993             (2.286)         659.504                         Total cost


  Akumulasi penyusutan                                                                                             Accumulated depreciation
    Bangunan                            275.738                76.637              (522)          351.853                       Buildings
    Kendaraan                            69.143                17.296              (186)           86.253                       Vehicles

     Total akumulasi penyusutan         344.881                93.933              (708)           438.106    Total accumulated depreciation

  Nilai buku                            246.916                                                   221.398                          Book value




                                                                 67
Page 925
                                                                          The original financial statements included herein are in
                                                                                                            Indonesian language.

           PT BANK MANDIRI TASPEN                                           PT BANK MANDIRI TASPEN
      CATATAN ATAS LAPORAN KEUANGAN                                    NOTES TO THE FINANCIAL STATEMENTS
       Tanggal 31 Desember 2025 dan untuk                                   As of December 31, 2025 and
    Tahun yang Berakhir pada Tanggal Tersebut                                 for the Year Then Ended
         (Disajikan dalam jutaan Rupiah,                                  (Expressed in millions of Rupiah,
             kecuali dinyatakan lain)                                         unless otherwise stated)


12. ASET TETAP DAN ASET HAK GUNA (lanjutan)                      12. FIXED ASSETS AND RIGHTS OF USE ASSETS
                                                                     (continued)

   Beban hak guna yang dilaporkan dalam laporan laba                   Rights of use expense disclosed in the statement of
   rugi pada tahun yang berakhir pada tanggal                          profit or loss for the year ended December 31, 2025
   31 Desember 2025 dan 2024 adalah sebagai berikut:                   and 2024 are as follows:
                                         31 Desember 2025/December 31, 2025
                                   Beban                                  Beban yang
                                penyusutan               Beban           berhubungan
                               aset hak guna/         bunga atas          dengan sewa
                                  Rights of        liabilitas sewa/     jangka pendek/
                                 use assets       Interest expense      Expense related
                                depreciation            on lease         to short-term
                                  expense              liabilities           lease


  Bangunan                              81.775                13.897               6.425                               Buildings
  Kendaraan                             16.744                 2.003               5.110                               Vehicles

  Total                                 98.519                15.900              11.535                                   Total


                                         31 Desember 2024/December 31, 2024
                                   Beban                                  Beban yang
                                penyusutan               Beban           berhubungan
                               aset hak guna/         bunga atas          dengan sewa
                                  Rights of        liabilitas sewa/     jangka pendek/
                                 use assets       Interest expense      Expense related
                                depreciation            on lease         to short-term
                                  expense              liabilities           lease

  Bangunan                              76.637                15.280               7.163                               Buildings
  Kendaraan                             17.296                 1.760               2.596                               Vehicles

  Total                                 93.933                17.040               9.759                                   Total



   Bank menyewa beberapa aset termasuk kendaraan,                      The Bank leases several assets including vehicles,
   rumah dinas, gedung kantor dan lain-lain. Rata-rata                 office houses, office buildings and others. The
   masa sewa berkisar antara 3 - 5 tahun.                              average of lease term ranges from 3 - 5 years.

   Bank juga memiliki sewa tertentu dengan masa sewa                   The Bank also has certain leases with terms of
   12 bulan atau kurang dan sewa aset bernilai rendah.                 12 months or less and leases of low value assets.
   Bank menerapkan pengecualian untuk sewa jangka                      The Bank applies exemptions for short-term and
   pendek dan sewa bernilai rendah untuk sewa                          low-value leases for these leases.
   tersebut.

   Untuk tahun yang berakhir pada tanggal                              For the year ended December 31, 2024, the Bank
   31 Desember 2024, Bank menjual aset tetapnya                        sold fixed assets with book value amounting to
   dengan nilai buku sebesar RpNihil dengan harga jual                 RpNil, with selling price amounting to Rp7 (Note 33).
   sebesar Rp7 (Catatan 33).

   Keuntungan/kerugian neto atas penjualan aset tetap                  Net gain/loss on sale of fixed assets are recorded
   dicatat pada akun Beban Non-Operasional - Neto.                     on the Non-Operating Expenses - Net.

   Hak atas tanah diperoleh berdasarkan Sertifikat Hak                 Land rights acquired under "Building Usage Rights"
   Guna Bangunan (“HGB”) yang dapat diperbaharui                       ("HGB") that can be renewed will expire between
   dengan masa yang akan berakhir antara tahun 2028                    2028 and 2041. Based on past experience, the
   sampai 2041. Mengacu pada praktek di masa                           Bank has confidence to extend the HGB.
   lampau,    Bank     memiliki   keyakinan      dapat
   memperpanjang HGB tersebut.




                                                         68
Page 926
                                                                                    The original financial statements included herein are in
                                                                                                                      Indonesian language.

           PT BANK MANDIRI TASPEN                                                     PT BANK MANDIRI TASPEN
      CATATAN ATAS LAPORAN KEUANGAN                                              NOTES TO THE FINANCIAL STATEMENTS
       Tanggal 31 Desember 2025 dan untuk                                             As of December 31, 2025 and
    Tahun yang Berakhir pada Tanggal Tersebut                                           for the Year Then Ended
         (Disajikan dalam jutaan Rupiah,                                            (Expressed in millions of Rupiah,
             kecuali dinyatakan lain)                                                   unless otherwise stated)


12. ASET TETAP DAN ASET HAK GUNA (lanjutan)                           12. FIXED ASSETS AND RIGHTS OF USE ASSETS
                                                                          (continued)

    Pada tanggal 31 Desember 2025 dan 2024, seluruh                             As of December 31, 2025 and 2024, all fixed assets,
    aset tetap, kecuali tanah, telah diasuransikan untuk                        except land, are insured to cover potential losses
    menutupi kemungkinan kerugian terhadap risiko                               against fire, theft, and natural disasters to
    kebakaran, pencurian, dan bencana alam pada                                 PT Axa Insurance Indonesia (a third party) with total
    PT Axa Insurance Indonesia (pihak ketiga), dengan                           sum insured of approximately Rp377,152 and
    nilai jumlah pertanggungan asuransi masing-masing                           Rp352,045, respectively.
    berkisar sebesar Rp377.152 dan Rp352.045.

    Manajemen berpendapat bahwa nilai pertanggungan                             Management believes that the insurance coverage
    tersebut    telah  memadai     untuk    menutupi                            is adequate to cover possible losses on the assets
    kemungkinan kerugian yang terjadi atas aset tetap                           insured.
    yang dipertanggungkan.

    Pada tanggal 31 Desember 2025 dan 2024, jumlah                              As of December 31, 2025 and 2024, the gross
    nilai tercatat bruto dari setiap aset tetap yang telah                      amount of fixed asset which has been fully
    disusutkan penuh namun masih digunakan masing-                              depreciated and are still being used amounted to
    masing adalah sebesar Rp639.423 dan Rp527.870.                              Rp639,423 and Rp527,870, respectively. The fixed
    Aset tetap yang telah disusutkan penuh namun masih                          assets that have been fully depreciated but still in
    digunakan oleh Bank antara lain berupa bangunan,                            use by the Bank, include buildings, leasehold
    leasehold Improvements, kendaraan, dan inventaris                           Improvements, vehicles, and office equipment.
    kantor.

    Manajemen berpendapat tidak terdapat indikasi                               Management believes that there is no indication of
    penurunan nilai atas aset tetap yang dimiliki Bank                          impairment of fixed assets owned by the Bank as of
    pada tanggal 31 Desember 2025 dan 2024.                                     December 31, 2025 and 2024.

    Pada tanggal 31 Desember 2025 dan 2024, tidak                               As of December 31, 2025 and 2024, there were no
    terdapat aset tetap yang dijaminkan.                                        fixed assets pledged as collateral.


13. ASET TAK BERWUJUD - NETO                                             13. INTANGIBLE ASSETS - NET
                                                31 Desember 2025/December 31, 2025


                            Saldo Awal/                                                          Saldo Akhir/
                             Beginning     Penambahan/    Pengurangan/        Reklasifikasi/       Ending
                              Balance       Additions      Deductions        Reclassifications     Balance

  Harga perolehan                153.992          6.442                  -               744           161.178                           Cost
  Aset tidak berwujud                                                                                                        Intangible assets
     dalam penyelesaian           94.866         49.524                  -               (744)         143.646                  in progress

  Total                          248.858         55.966                  -                  -          304.824                          Total
  Akumulasi amortisasi           120.631         15.074                  -                  -          135.705       Accumulated amortization

  Nilai Buku                     128.227                                                               169.119                   Book value


                                                31 Desember 2024/December 31, 2024


                            Saldo Awal/                                                          Saldo Akhir/
                             Beginning     Penambahan/    Pengurangan/        Reklasifikasi/       Ending
                              Balance       Additions      Deductions        Reclassifications     Balance

  Harga perolehan                142.347          9.070                  -              2.575          153.992                           Cost
  Aset tidak berwujud                                                                                                        Intangible assets
     dalam penyelesaian            1.814         95.627                  -             (2.575)          94.866                  in progress

  Total                          144.161        104.697                  -                  -          248.858                          Total
  Akumulasi amortisasi            99.284         21.347                  -                  -          120.631       Accumulated amortization

  Nilai Buku                      44.877                                                               128.227                   Book value




                                                              69
Page 927
                                                                          The original financial statements included herein are in
                                                                                                            Indonesian language.

           PT BANK MANDIRI TASPEN                                            PT BANK MANDIRI TASPEN
      CATATAN ATAS LAPORAN KEUANGAN                                     NOTES TO THE FINANCIAL STATEMENTS
       Tanggal 31 Desember 2025 dan untuk                                    As of December 31, 2025 and
    Tahun yang Berakhir pada Tanggal Tersebut                                  for the Year Then Ended
         (Disajikan dalam jutaan Rupiah,                                   (Expressed in millions of Rupiah,
             kecuali dinyatakan lain)                                          unless otherwise stated)


13. ASET TAK BERWUJUD - NETO (lanjutan)                            13. INTANGIBLE ASSETS - NET (continued)

   Aset tidak berwujud merupakan perangkat lunak                        Intangible assets are mainly software used by the
   yang     digunakan    Bank.     Manajemen     Bank                   Bank. The Bank’s Management believes that there
   berpendapat tidak terdapat indikasi penurunan nilai                  is no indication of impairment of intangible assets
   aset tidak berwujud yang dimiliki Bank pada tanggal                  owned by the Bank as of December 31, 2025 and
   31 Desember 2025 dan 2024.                                           2024.

   Aset tidak berwujud dalam penyelesaian pada                          Intangible     assets    in    progress    as    of
   tanggal 31 Desember 2025 dan 2024, merupakan                         December 31, 2025 and 2024, are related to
   instalasi aplikasi software, dengan estimasi                         installation of software application with estimated
   persentase penyelesaian sebagai berikut:                             percentage of completion as follows:

                                           31 Desember 2025/December 31, 2025

                                                      Estimasi tahun    Kisaran persentase
                                                      penyelesaian/       penyelesaian/
                                     Jumlah/          Estimated year    Range percentage
                                     Amount           of completion       of completion

  Aset tidak berwujud                     143.646                2026                 90%                       Intangible assets

                                           31 Desember 2024/December 31, 2024

                                                      Estimasi tahun    Kisaran persentase
                                                      penyelesaian/       penyelesaian/
                                     Jumlah/          Estimated year    Range percentage
                                     Amount           of completion       of completion

  Aset tidak berwujud                      94.866                2025             25-75%                        Intangible assets


14. ASET LAIN-LAIN                                                14. OTHER ASSETS

    Pada tanggal 31 Desember 2025 dan 2024, aset                        As of December 31, 2025 and 2024, the Bank's
    lain-lain Bank terdiri dari:                                        other assets consist of the following:
                                        31 Desember 2025/      31 Desember 2024/
                                        December 31, 2025      December 31, 2024

  Pihak Berelasi (Catatan 36)                                                                         Related Parties (Note 36)
    Pendapatan bunga yang masih
      akan diterima                                 178.436                 154.058              Accrued interest receivables
    Lain-lain - neto                                  3.102                   1.448                              Others - net
  Pihak Ketiga                                                                                                    Third Parties
    Pendapatan bunga yang masih
       akan diterima                                266.233                 249.236              Accrued interest receivables
    Lain-lain - neto                                 55.053                  35.006                             Others - net
  Total                                             502.824                 439.748                                       Total


    Pendapatan Bunga Yang Masih Akan Diterima                           Accrued Interest Receivables

                                        31 Desember 2025/      31 Desember 2024/
                                        December 31, 2025      December 31, 2024

  Pihak Berelasi                                                                                                Related Parties
    Efek-efek                                       178.400                 154.015                                Securities
    Kredit yang diberikan                                36                      43                                   Loans

                                                    178.436                 154.058
  Pihak Ketiga                                                                                                   Third Parties
    Kredit yang diberikan - neto                    266.063                 249.066                             Loans - net
    Penempatan pada Bank Indonesia                                                           Placements with Bank Indonesia
       dan bank lain                                    170                     170                      and other banks

                                                    266.233                 249.236

  Total                                             444.669                 403.294                                       Total

                                                          70
Page 928
                                                                         The original financial statements included herein are in
                                                                                                           Indonesian language.

          PT BANK MANDIRI TASPEN                                            PT BANK MANDIRI TASPEN
     CATATAN ATAS LAPORAN KEUANGAN                                     NOTES TO THE FINANCIAL STATEMENTS
      Tanggal 31 Desember 2025 dan untuk                                    As of December 31, 2025 and
   Tahun yang Berakhir pada Tanggal Tersebut                                  for the Year Then Ended
        (Disajikan dalam jutaan Rupiah,                                   (Expressed in millions of Rupiah,
            kecuali dinyatakan lain)                                          unless otherwise stated)


14. ASET LAIN-LAIN (lanjutan)                                     14. OTHER ASSETS (continued)

   Lain-lain - neto                                                   Others - net

                                        31 Desember 2025/       31 Desember 2024/
                                        December 31, 2025       December 31, 2024

                                                                                                           Security deposits
  Setoran jaminan                                  17.581                    3.717               Advances of purchase goods
  Uang muka pengadaan barang dan jasa              12.586                   12.405                            and services
  Uang muka promosi
    pengembangan usaha                              8.407                    7.777        Advances of business development
  Tagihan transaksi ATM                             7.963                    7.531                         ATM receivables
  Persediaan barang cetakan                         1.357                       35               Printing Supplies Inventory
  Tagihan kepada pihak ketiga                         966                    3.678               Receivables to third parties
  Lain-lain                                         9.295                    1.311                                    Others

  Total                                            58.155                   36.454                                       Total


15. LIABILITAS SEGERA                                             15. LIABILITIES DUE IMMEDIATELY

                                        31 Desember 2025/       31 Desember 2024/
                                        December 31, 2025       December 31, 2024

  Pihak Ketiga - Rupiah                                                                                 Third Parties - Rupiah
    Setoran dan transfer                           43.486                   49.419                     Deposit and transfer
    Liabilitas premi asuransi                                                                            Insurance premium
       atas kredit yang diberikan                  11.657                    9.062                     liabilities for loans
    Liabilitas Jaminan Hari Tua
       (JHT) Pensiun                                1.180                    1.091                  Pension plan liabilities
    Liabilitas asuransi kesehatan                   1.284                    1.229               Health insurance liabilities
    Liabilitas dana pensiun                           507                  799.205                 Pension funds liabilities
    Liabilitas jamsostek                               65                    2.198                     Jamsostek liabilities

  Total                                            58.179                  862.204                                       Total


16. SIMPANAN NASABAH                                              16. DEPOSITS FROM CUSTOMERS
                                        31 Desember 2025/       31 Desember 2024/
                                        December 31, 2025       December 31, 2024

  Giro                                            434.920                1.025.796                           Current accounts
  Tabungan                                     12.392.749               10.372.334                            Saving deposits
  Deposito berjangka                           42.202.904               37.426.417                             Time deposits

  Total                                        55.030.573               48.824.547                                       Total


   Berdasarkan Undang-Undang No. 24 tentang                           Based on Law No. 24 regarding the Indonesia
   Lembaga Penjaminan Simpanan (“LPS”) tanggal                        Deposit    Insurance Agency (“LPS”) dated
   22 September    2004,     efektif    sejak    tanggal              September 22, 2004, effective on September 22,
   22 September 2005, sebagaimana diubah dengan                       2005, which was amended by the Law No. 7 Year
   Undang-Undang No. 7 Tahun 2009 tanggal                             2009 dated January 13, 2009 regarding the
   13 Januari 2009 tentang Penetapan Peraturan                        Stipulation of Government Regulation No. 3 Year
   Pemerintah Pengganti Undang-Undang No. 3 Tahun                     2008, LPS was formed to guarantee certain
   2008, LPS dibentuk untuk menjamin liabilitas tertentu              obligations of commercial banks under the
   bank-bank umum berdasarkan program penjaminan                      applicable guarantee program, in which the amount
   yang berlaku, yang besaran nilai jaminannya dapat                  of guarantee can vary if it meets the applicable
   berubah jika memenuhi kriteria tertentu yang berlaku.              criteria.




                                                           71
Page 929
                                                                          The original financial statements included herein are in
                                                                                                            Indonesian language.

          PT BANK MANDIRI TASPEN                                           PT BANK MANDIRI TASPEN
     CATATAN ATAS LAPORAN KEUANGAN                                    NOTES TO THE FINANCIAL STATEMENTS
      Tanggal 31 Desember 2025 dan untuk                                   As of December 31, 2025 and
   Tahun yang Berakhir pada Tanggal Tersebut                                 for the Year Then Ended
        (Disajikan dalam jutaan Rupiah,                                  (Expressed in millions of Rupiah,
            kecuali dinyatakan lain)                                         unless otherwise stated)


16. SIMPANAN NASABAH (lanjutan)                                  16. DEPOSITS FROM CUSTOMERS (continued)

   Berdasarkan Peraturan Pemerintah Republik                         Based on Government Regulation of the Republic of
   Indonesia No. 66/2008 tanggal 13 Oktober 2008                     Indonesia No. 66/2008 dated October 13, 2008
   mengenai besarnya nilai simpanan yang dijamin                     concerning the amount of deposit value guaranteed
   LPS, pada tanggal 31 Desember 2025 dan 2024,                      by LPS, as of December 31, 2025 and 2024, is up
   jumlah simpanan yang dijamin LPS adalah simpanan                  to Rp2,000 per customer per bank.
   sampai dengan Rp2.000 per nasabah per bank.

   Pada tanggal 31 Desember 2025 berdasarkan Surat                   As of December 31, 2025 based on the LPS Circular
   Edaran LPS No. PENG-7/DSPS/2025 Tahun 2025                        Letter No. PENG-7/DSPS/2025 Year 2025 dated
   tanggal 22 September 2025 simpanan nasabah                        September 22, 2025 customer deposits are only
   dijamin hanya jika suku bunganya sama dengan atau                 covered if the interest rate is equal to or below
   dibawah 3.50% untuk simpanan dalam Rupiah dan                     3.50% for deposits denominated in Rupiah and
   31 Desember 2024, berdasarkan Surat Edaran LPS                    December 31, 2024 based on the LPS Circular
   No. PENG-3/DSPS/2023 Tahun 2023 tanggal 28                        Letter No. PENG-3/DSPS/2023 Year 2023 dated
   Februari 2023, simpanan nasabah dijamin hanya jika                February 28, 2023, customer deposits are only
   suku bunganya sama dengan atau dibawah 4,25%                      covered if the interest rate is equal to or below
   untuk simpanan dalam Rupiah.                                      4.25% for deposits denominated in Rupiah.

   Pada tanggal 31 Desember 2025 dan 2024, Bank                      As of December 31, 2025 and 2024, the Bank is a
   adalah peserta dari program penjaminan tersebut.                  participant of that guarantee program.

   Giro, tabungan, dan deposito berjangka yang dimiliki              Current accounts, saving deposits and time deposits
   Bank pada tanggal 31 Desember 2025 dan 2024                       held by the Bank as of December 31, 2025 and 2024
   dapat dirinci sebagai berikut:                                    are detailed as follows:

   a.    Giro                                                        a.    Current accounts
                                        31 Desember 2025/      31 Desember 2024/
                                        December 31, 2025      December 31, 2024

        Rupiah                                                                                                         Rupiah
          Pihak Berelasi (Catatan 36)             222.551                  826.830                  Related Parties (Note 36)
          Pihak Ketiga                            212.369                  198.966                              Third Parties

        Total                                     434.920                 1.025.796                                       Total


         Per 31 Desember 2025 dan 2024, tidak ada                          As of December 31, 2025 and 2024, there were
         saldo giro yang dijadikan jaminan kredit yang                     no current accounts pledged as collateral for
         diberikan.                                                        loans.

   b.    Tabungan                                                    b.    Saving deposits
                                        31 Desember 2025/      31 Desember 2024/
                                        December 31, 2025      December 31, 2024

        Rupiah                                                                                                         Rupiah
          Pihak Berelasi (Catatan 36)               5.541                   8.408                  Related Parties (Note 36)
          Pihak Ketiga                         12.387.208              10.363.926                              Third Parties

        Total                                  12.392.749              10.372.334                                         Total


         Pada tanggal 31 Desember 2025 dan 2024,                           As of December 31, 2025 and 2024, there were
         tidak terdapat tabungan yang dijadikan jaminan                    no saving deposits pledged as collateral for
         kredit yang diberikan.                                            loans.




                                                          72
Page 930
                                                                        The original financial statements included herein are in
                                                                                                          Indonesian language.

          PT BANK MANDIRI TASPEN                                         PT BANK MANDIRI TASPEN
     CATATAN ATAS LAPORAN KEUANGAN                                  NOTES TO THE FINANCIAL STATEMENTS
      Tanggal 31 Desember 2025 dan untuk                                 As of December 31, 2025 and
   Tahun yang Berakhir pada Tanggal Tersebut                               for the Year Then Ended
        (Disajikan dalam jutaan Rupiah,                                (Expressed in millions of Rupiah,
            kecuali dinyatakan lain)                                       unless otherwise stated)


16. SIMPANAN NASABAH (lanjutan)                                16. DEPOSITS FROM CUSTOMERS (continued)

   c.   Deposito berjangka                                         c.    Time deposits

                                        31 Desember 2025/    31 Desember 2024/
                                        December 31, 2025    December 31, 2024

        Rupiah                                                                                                       Rupiah
          Pihak Berelasi (Catatan 36)            8.540.828            7.798.850                   Related Parties (Note 36)
          Pihak Ketiga                          33.662.076           29.627.567                               Third Parties

        Total                                   42.202.904           37.426.417                                         Total


        Berdasarkan jangka waktu kontrak:                                Based on contract period:

                                        31 Desember 2025/    31 Desember 2024/
                                        December 31, 2025    December 31, 2024

        1 bulan                                 14.208.314           11.878.795                                      1 month
        3 bulan                                 19.412.328           18.914.989                                     3 months
        6 bulan                                  3.908.984            6.031.353                                     6 months
        12 bulan                                 4.669.134              597.334                                    12 months
        24 bulan                                     3.664                3.666                                    24 months
        36 bulan                                       480                  280                                    36 months

        Total                                   42.202.904           37.426.417                                         Total


        Berdasarkan sisa umur jatuh tempo:                               Based on the remaining maturities:
                                        31 Desember 2025/    31 Desember 2024/
                                        December 31, 2025    December 31, 2024

        < 1 bulan                               19.469.226           15.582.162                                    < 1 month
        1 - 3 bulan                             19.345.660           18.103.700                                 1 - 3 months
        4 - 6 bulan                              3.179.510            3.588.645                                 4 - 6 months
        7 - 12 bulan                               205.715              149.989                                7 - 12 months
        > 12 bulan                                   2.793                1.921                                 > 12 months

        Total                                   42.202.904           37.426.417                                         Total


        Jumlah deposito berjangka yang dijadikan                         The amount of time deposits pledged as
        sebagai jaminan kredit yang diberikan pada                       collateral for loans as of December 31, 2025
        tanggal 31 Desember 2025 dan 2024,                               and 2024, amounted to Rp102,413 and
        masing-masing sebesar Rp102.413 dan                              Rp145,849, respectively (Note 10g).
        Rp145.849 (Catatan 10g).

        Kisaran tingkat suku bunga per tahun pada                        The range of interest rates per annum as of
        tanggal 31 Desember 2025 dan 2024 adalah                         December 31, 2025 and 2024 are as follows:
        sebagai berikut:

                                        31 Desember 2025/    31 Desember 2024/
                                        December 31, 2025    December 31, 2024

        Giro                                 0,00% - 5,00%        0,00% - 4,00%                             Current accounts
        Tabungan                             0,00% - 5,50%        0,00% - 5,00%                              Saving deposits
        Deposito berjangka                   2,50% - 7,20%        3,50% - 7,15%                               Time deposits




                                                        73
Page 931
                                                                     The original financial statements included herein are in
                                                                                                       Indonesian language.

          PT BANK MANDIRI TASPEN                                        PT BANK MANDIRI TASPEN
     CATATAN ATAS LAPORAN KEUANGAN                                 NOTES TO THE FINANCIAL STATEMENTS
      Tanggal 31 Desember 2025 dan untuk                                As of December 31, 2025 and
   Tahun yang Berakhir pada Tanggal Tersebut                              for the Year Then Ended
        (Disajikan dalam jutaan Rupiah,                               (Expressed in millions of Rupiah,
            kecuali dinyatakan lain)                                      unless otherwise stated)


17. SIMPANAN DARI BANK LAIN                                   17. DEPOSITS FROM OTHER BANKS
                                    31 Desember 2025/       31 Desember 2024/
                                    December 31, 2025       December 31, 2024

  Pihak Ketiga                                                                                               Third Parties
    Rupiah                                                                                                      Rupiah
       Giro                                     22.971                  12.434                      Current accounts
       Tabungan                                 15.818                  16.119                       Saving deposits
       Interbank call money                          -                 700.000                  Interbank call money
       Deposito Berjangka                       11.000                  26.500                         Time deposits

  Total                                         49.789                 755.053                                       Total


   Kisaran tingkat suku bunga per tahun pada tanggal              The range of interest rates per annum as of
   31 Desember 2025 dan 2024 adalah sebagai berikut:              December 31, 2025 and 2024 are as follows:
                                    31 Desember 2025/       31 Desember 2024/
                                    December 31, 2025       December 31, 2024

  Rupiah                                                                                                           Rupiah
    Giro                                 0,00% - 2,50%           0,00% - 2,50%                         Current accounts
    Tabungan                             0,75% - 1,25%           0,00% - 1,75%                          Saving deposits
    Interbank call money                              -          6,30% - 6,50%                     Interbank call money
    Deposito berjangka                   3,00% - 4,25%           3,50% - 4,25%                            Time deposits

   Klasifikasi jangka waktu simpanan dari bank lain               The classification of the term of deposits from other
   berdasarkan sisa umur sampai dengan saat jatuh                 banks based on the remaining maturities are as
   tempo adalah sebagai berikut:                                  follows:
                                    31 Desember 2025/       31 Desember 2024/
                                    December 31, 2025       December 31, 2024

  Rupiah                                                                                                          Rupiah
    Kurang dari 1 bulan                                                                              Less than 1 month
      Giro                                      22.971                  12.434                      Current accounts
      Tabungan                                  15.818                  16.119                       Saving deposits
      Interbank call money                           -                 700.000                  Interbank call money
      Deposito berjangka                        11.000                  26.500                         Time deposits

  Total                                         49.789                 755.053                                       Total



18. PERPAJAKAN                                                18. TAXATION

   a.     Utang Pajak                                              a. Taxes Payable

                                    31 Desember 2025/       31 Desember 2024/
                                    December 31, 2025       December 31, 2024

        Pajak penghasilan:                                                                                    Income tax:
          Pasal 4 ayat 2                        27.711                  28.759                                  Art 4(2)
          Pasal 21                               2.047                   2.266                                   Art 21
          Pasal 23                                 976                     963                                   Art 23
          Pasal 25                              14.802                  15.454                                   Art 25
          Pasal 26                                   1                       1                                   Art 26
          Pasal 29                               3.628                   4.056                                   Art 29
        Pajak Pertambahan Nilai                    907                     837                           Value Added Tax

        Total                                   50.072                  52.336                                       Total




                                                       74
Page 932
                                                                             The original financial statements included herein are in
                                                                                                               Indonesian language.

          PT BANK MANDIRI TASPEN                                              PT BANK MANDIRI TASPEN
     CATATAN ATAS LAPORAN KEUANGAN                                       NOTES TO THE FINANCIAL STATEMENTS
      Tanggal 31 Desember 2025 dan untuk                                      As of December 31, 2025 and
   Tahun yang Berakhir pada Tanggal Tersebut                                    for the Year Then Ended
        (Disajikan dalam jutaan Rupiah,                                     (Expressed in millions of Rupiah,
            kecuali dinyatakan lain)                                            unless otherwise stated)


18. PERPAJAKAN (lanjutan)                                            18. TAXATION (continued)

   b.    Beban Pajak                                                    b.     Tax Expense
                                                 Tahun yang berakhir pada tanggal
                                               31 Desember/Year ended December 31,

                                                    2025                2024

        Beban pajak dari:                                                                                      Tax expense from:
        Pajak kini                                      385.848                371.373                                Current tax
        Tahun lalu dari
          hasil pemeriksaan pajak                               -                1.770                  Prior year tax examination
        Pajak tangguhan                                    74.152               88.940                                 Deferred tax

        Total                                           460.000                462.083                                       Total


   c.    Pajak Penghasilan Beban Kini                                   c.     Current Income Tax Expense
                                                 Tahun yang berakhir pada tanggal
                                               31 Desember/Year ended December 31,

                                                    2025                2024

        Laba sebelum taksiran                                                                          Income before estimated
          pajak penghasilan sesuai                                                               income tax in accordance with
          dengan laporan laba rugi                                                                        statement of profit or
          dan penghasilan                                                                                        loss and other
          komprehensif lain                           2.041.080              2.039.633                 comprehensive income
        Beda Waktu                                                                                       Temporary differences
        Koreksi cadangan kerugian
          penurunan nilai atas kredit                                                                    Adjustment of allowance
          yang diberikan                               (205.723)               (358.833)        for impairment losses on loans
        Penyusutan aset tetap                            (7.036)                  6.263               Depreciation of fixed assets
        Penyusutan aset hak guna                                                              Depreciation of rights of use assets
          dan beban bunga                                                                                 and interest expense
          liabilitas sewa                                  (6.495)                5.027                        of lease liabilities
        Biaya imbalan pasti                                                                                      Post-employment
          pasca kerja dan                                                                          benefits and other long-term
          jangka panjang lainnya                        (39.041)                (58.656)         employment benefits expense
        Amortisasi aset tidak berwujud                      164                   2.434         Amortization of intangible assets
        Kerugian yang belum direalisasi atas                                                                    Unrealized loss on
          perubahan nilai wajar efek-efek                                                               changes in fair value of
          yang diklasifikasikan sebagai                                                                             classified as
          nilai wajar melalui laba rugi                     1.179                     -         fair value through profit or loss
        Penyisihan kerugian penurunan                                                            Allowance for impairment losses
          aset keuangan lainnya                         (80.100)                   (510)                  other financial assets

                                                       (337.052)               (404.275)

        Beda Tetap                                                                                       Permanent differences
        Biaya pengembangan usaha                           36.131               36.439           Business development expenses
        Biaya askes                                           663                  177                Health insurance expenses
        Biaya program sales                                 1.103                1.726                  Program sales expenses
        Biaya relokasi                                      1.124                1.311                      Relocation expenses
        Biaya kegiatan olahraga dan
          kesenian                                          1.027                 1.173          Sport activities and art expenses
        Biaya sumbangan                                     2.431                 2.981                         Donation expenses
        Biaya risiko operasional                            1.977                 1.117                Operational risk expenses
        Biaya lain-lain                                     5.371                 7.776                            Other expenses

                                                           49.827               52.700

        Taksiran laba kena pajak                      1.753.855              1.688.058                Estimated taxable income




                                                               75
Page 933
                                                                      The original financial statements included herein are in
                                                                                                        Indonesian language.

          PT BANK MANDIRI TASPEN                                       PT BANK MANDIRI TASPEN
     CATATAN ATAS LAPORAN KEUANGAN                                NOTES TO THE FINANCIAL STATEMENTS
      Tanggal 31 Desember 2025 dan untuk                               As of December 31, 2025 and
   Tahun yang Berakhir pada Tanggal Tersebut                             for the Year Then Ended
        (Disajikan dalam jutaan Rupiah,                              (Expressed in millions of Rupiah,
            kecuali dinyatakan lain)                                     unless otherwise stated)


18. PERPAJAKAN (lanjutan)                                     18. TAXATION (continued)

   c.    Pajak Penghasilan Beban Kini (lanjutan)                 c.     Current Income Tax Expense (continued)

                                          Tahun yang berakhir pada tanggal
                                        31 Desember/Year ended December 31,

                                             2025                2024

        Taksiran pajak                                                                               Estimated corporate
          penghasilan badan                      385.848                371.373                             income tax

        Dikurangi:                                                                                                    Less:
          Kredit Pajak - PPh Pasal 25            382.220                367.317            Tax credit - Income tax art 25

        Taksiran utang pajak                                                                        Estimated income tax
          penghasilan                                3.628                4.056                               payables


         Rekonsiliasi antara laba sebelum beban pajak                   The reconciliation between income before tax
         dikali tarif pajak yang berlaku dengan beban                   expense multiplied by using the applicable tax
         pajak adalah sebagai berikut:                                  rate and tax expense are as follows:

                                          Tahun yang berakhir pada tanggal
                                        31 Desember/Year ended December 31,
                                             2025                2024
        Laba sebelum beban                                                                                  Income before
          pajak penghasilan                    2.041.080              2.039.633                      income tax expense
        Tarif pajak                                 22%                    22%                                    Tax rate

                                                 449.038                448.719
        Pengaruh pajak atas                                                                               Tax effects on
          perbedaan permanen                        10.962               11.594                    permanent difference
        Pajak tahun sebelumnya                           -                1.770                         Tax for prior year

        Total beban pajak                        460.000                462.083                         Total tax expense


         Perhitungan pajak penghasilan badan untuk                      The above calculation of corporate income tax
         tahun yang berakhir pada 31 Desember 2025                      for the year ended December 31, 2025 will be
         tersebut di atas akan menjadi dasar dalam                      used as basis for filling the Annual Tax Return
         pengisian Surat Pemberitahuan Tahunan                          (“SPT”) of Corporate Income Tax.
         (“SPT”) Pajak Penghasilan Badan.

         Perhitungan pajak penghasilan badan untuk                      The calculation of corporate income tax for the
         tahun yang berakhir pada 31 Desember 2024                      year ended December 31, 2024 is same as the
         sama dengan Surat Pemberitahuan Tahunan                        Annual Tax Return filed by the Bank to the Tax
         yang disampaikan Bank ke Kantor Pelayanan                      Office.
         Pajak.
         Berdasarkan Undang-undang No. 7 Tahun 2021                     Based on Law No. 7 Year 2021 dated
         tanggal 29 Oktober 2021 tentang Harmonisasi                    October 29, 2021 on Harmonization of Taxation
         Peraturan Perpajakan, antara lain mengatur                     Regulation, among others regulates that
         bahwa tarif pajak yang dikenakan atas                          income tax rate on Corporate taxpayer and
         penghasilan kena pajak bagi Wajib Pajak badan                  Permanent Establishment’s taxable income is
         dalam negeri dan bentuk usaha tetap adalah                     22% which effective since fiscal year 2022.
         sebesar 22% yang berlaku sejak tahun pajak
         2022.




                                                         76
Page 934
                                                                                                    The original financial statements included herein are in
                                                                                                                                      Indonesian language.

          PT BANK MANDIRI TASPEN                                                                     PT BANK MANDIRI TASPEN
     CATATAN ATAS LAPORAN KEUANGAN                                                              NOTES TO THE FINANCIAL STATEMENTS
      Tanggal 31 Desember 2025 dan untuk                                                             As of December 31, 2025 and
   Tahun yang Berakhir pada Tanggal Tersebut                                                           for the Year Then Ended
        (Disajikan dalam jutaan Rupiah,                                                            (Expressed in millions of Rupiah,
            kecuali dinyatakan lain)                                                                   unless otherwise stated)


18. PERPAJAKAN (lanjutan)                                                                 18. TAXATION (continued)

   d.     Pajak Tangguhan                                                                      d.    Deferred Tax

          Rincian aset/(liabilitas) pajak tangguhan pada                                             The details of deferred tax assets/(liabilities) as
          tanggal 31 Desember 2025 dan 2024 adalah                                                   of December 31, 2025 and 2024 are as follows:
          sebagai berikut:
                                                                   31 Desember 2025/December 31, 2025

                                                                                          Dikreditkan/
                                                                                         (dibebankan)
                                                                    Dikreditkan/        ke penghasilan
                                                                   (dibebankan)         komprehensif
                                                                     ke laporan             lainnya/
                                                                      laba rugi/            Credited/
                                                                      Credited/           (charged) to
                                                 Saldo awal/        (charged) to              other         Saldo akhir/
                                                 Beginning         statement of         comprehensive         Ending
                                                  balance          profit or loss            income           balance

        Aset pajak tangguhan                                                                                                                     Deferred tax assets
          Liabilitas imbalan kerja                      94.731               (8.589)                702            86.844              Employee benefits liabilities
          Penyisihan kerugian penurunan                                                                                           Allowance for impairment losses
              nilai kredit yang diberikan               47.348              (45.259)                  -              2.089                              on loans
          Penyisihan kerugian penurunan                                                                                           Allowance for impairment losses
              nilai aset keuangan lainnya               17.622              (17.622)                  -                  -             on other financial assets
          Aset tetap                                     8.699               (1.548)                  -              7.151                             Fixed assets
          Aset hak guna                                 (8.501)              (4.927)                  -            (13.428)                    Right-of-use assets
          Liabilitas sewa                               19.966                3.498                   -             23.464                          Lease liabilities
          Cadangan kerugian penurunan                                                                                                    Allowance for impairment
              nilai aset lain-lain                       1.296                      -                 -              1.296                          other assets
          Kerugian neto yang belum
              direalisasi dari kenaikan/
              penurunan nilai wajar                                                                                                  Net unrealized loss/(gain) from
              efek-efek yang diklasifikasikan                                                                                     increase/decrease in fair value
              sebagai nilai wajar melalui                                                                                     of securities classified as fair value
              laba/rugi                                        -               259                    -               259                       through profit/loss

                                                       181.161              (74.188)                702           107.675
        Liabilitas pajak tangguhan                                                                                                            Deferred tax liabilities
           Kerugian neto yang belum
               direalisasi dari kenaikan/
               penurunan nilai wajar                                                                                                       Net unrealized loss from
               efek-efek yang diklasifikasikan                                                                                   increase/decrease in fair value
               sebagai nilai wajar melalui                                                                                   of securities classified as fair value
               penghasilan komprehensif lain            21.898                   -              (52.586)          (30.688) through other comprehensive income
           Amortisasi aset tidak berwujud                 (947)                 36                    -              (911)         Amortization of intangible assets

                                                        20.951                  36              (52.586)          (31.599)

        Total                                          202.112              (74.152)            (51.884)           76.076                                       Total


                                                                   31 Desember 2024/December 31, 2024

                                                                                          Dikreditkan/
                                                                                         (dibebankan)
                                                                    Dikreditkan/        ke penghasilan
                                                                   (dibebankan)         komprehensif
                                                                     ke laporan             lainnya/
                                                                      laba rugi/            Credited/
                                                                      Credited/           (charged) to
                                                 Saldo awal/        (charged) to              other         Saldo akhir/
                                                 Beginning         statement of         comprehensive         Ending
                                                  balance          profit or loss            income           balance

        Aset pajak tangguhan                                                                                                                     Deferred tax assets
          Liabilitas imbalan kerja                     111.374              (12.904)             (3.739)           94.731              Employee benefits liabilities
          Penyisihan kerugian penurunan                                                                                           Allowance for impairment losses
              nilai kredit yang diberikan              126.291              (78.943)                  -            47.348                               on loans
          Penyisihan kerugian penurunan                                                                                           Allowance for impairment losses
              nilai aset keuangan lainnya               17.734                 (112)                  -            17.622              on other financial assets
          Aset tetap                                     7.321                1.378                   -             8.699                              Fixed assets
          Aset hak guna                                 (5.858)              (2.643)                  -            (8.501)                     Right-of-use assets
          Liabilitas sewa                               16.217                3.749                   -            19.966                           Lease liabilities
          Cadangan kerugian penurunan                                                                                             Allowance for impairment losses
              nilai aset lain-lain                       1.296                      -                 -              1.296                          other assets

                                                       274.375              (89.475)             (3.739)          181.161




                                                                               77
Page 935
                                                                                                    The original financial statements included herein are in
                                                                                                                                      Indonesian language.

          PT BANK MANDIRI TASPEN                                                                   PT BANK MANDIRI TASPEN
     CATATAN ATAS LAPORAN KEUANGAN                                                            NOTES TO THE FINANCIAL STATEMENTS
      Tanggal 31 Desember 2025 dan untuk                                                           As of December 31, 2025 and
   Tahun yang Berakhir pada Tanggal Tersebut                                                         for the Year Then Ended
        (Disajikan dalam jutaan Rupiah,                                                          (Expressed in millions of Rupiah,
            kecuali dinyatakan lain)                                                                 unless otherwise stated)


18. PERPAJAKAN (lanjutan)                                                               18. TAXATION (continued)
   d.     Pajak Tangguhan (lanjutan)                                                         d.       Deferred Tax (continued)
                                                                  31 Desember 2024/December 31, 2024

                                                                                        Dikreditkan/
                                                                                       (dibebankan)
                                                                   Dikreditkan/       ke penghasilan
                                                                  (dibebankan)        komprehensif
                                                                    ke laporan            lainnya/
                                                                     laba rugi/           Credited/
                                                                     Credited/          (charged) to
                                                Saldo awal/        (charged) to             other           Saldo akhir/
                                                Beginning         statement of        comprehensive           Ending
                                                 balance          profit or loss           income             balance

        Aset pajak tangguhan                                                                                                                    Deferred tax assets
           (Keuntungan)/Kerugian
              neto yang belum
              direalisasi dari kenaikan/
              penurunan nilai wajar                                                                                                Net unrealized loss/(gain) from
              efek-efek yang diklasifikasikan                                                                                   increase/decrease in fair value
              sebagai nilai wajar melalui                                                                                   of securities classified as fair value
              penghasilan komprehensif lain               (262)                 -                 22.160           21.898 through other comprehensive income
           Amortisasi aset tidak berwujud               (1.482)               535                      -             (947)        Amortization of intangible assets

                                                        (1.744)               535                 22.160           20.951

        Total                                         272.631              (88.940)               18.421          202.112                                      Total



          Aset pajak tangguhan dihitung dengan                                                        Deferred tax assets are calculated using
          menggunakan tarif pajak yang berlaku atau                                                   applicable tax rate or substantially enacted tax
          secara substansial telah berlaku pada tanggal                                               rate at statement of financial position date.
          laporan posisi keuangan.

   e.     Peraturan Menteri Keuangan                                                         e.       Minister of Finance Regulation
          Menteri    Keuangan    Republik     Indonesia                                               The Minister of Finance of the Republic of
          menerbitkan Peraturan Menteri Keuangan                                                      Indonesia issued Minister of Finance
          (PMK) No. 74 pada tanggal 10 Oktober 2024.                                                  Regulation (PMK) No. 74 on October 10, 2024.
          Berdasarkan peraturan tersebut, Bank harus                                                  Based on this regulation, the Bank must
          menghitung cadangan piutang tak tertagih                                                    calculate reserves for bad debts in accordance
          sesuai dengan batasan tertentu yang diatur di                                               with certain limits regulated in PMK 74 starting
          dalam PMK 74 mulai tanggal 1 Januari 2024.                                                  January 1, 2024. On January 1, 2024, there is
          Pada tanggal 1 Januari 2024, terdapat selisih                                               an excess value of reserves per fiscal
          lebih nilai cadangan per fiskal sebesar                                                     amounting to Rp221,198. In accordance with
          Rp221.198. Sesuai dengan ketentuan di dalam                                                 the provisions in PMK 74, the Bank decided to
          PMK      74,   Bank    memutuskan       untuk                                               charge the excess in the 2024 and 2025
          membebankan selisih lebih tersebut di dalam                                                 income tax calculation.
          perhitungan pajak penghasilan tahun 2024 dan
          2025.

   f.     Dampak Penerapan Pilar 2 Organization for                                          f.      The impact of Pillar 2 of Organization for
          Economic Co-operation and Development                                                      Economic Co-operation and Development
          (“OECD”)                                                                                   (“OECD)
          Berdasarkan Peraturan Menteri Keuangan                                                      Based on the Regulation of the Minister of
          Republik Indonesia Nomor 136 Tahun 2024                                                     Finance of the Republic of Indonesia Number
          (“PMK-136”) tentang Pengenaan Pajak Minimum                                                 136 Year 2024 (“PMK-136”) concerning the
          Global Berdasarkan Kesepakatan Internasional,                                               Imposition of Global Minimum Tax will come
          ketentuan pengenaan pajak minimum global                                                    into force in Indonesia, the jurisdiction where
          akan mulai berlaku di Indonesia, yurisdiksi di                                              the Bank is incorporated, on January 1, 2025.
          mana Bank didirikan, pada tanggal 1 Januari                                                 PMK-136 is calculated for the annual fiscal
          2025. PMK-136 dihitung untuk periode fiskal                                                 period ending on December 31, 2025, based on
          tahunan yang berakhir di 31 Desember 2025,                                                  the assessment that has been carried out
          berdasarkan penilaian yang telah dilakukan                                                  comprehensively as a Group, the Bank is not
          menyeluruh secara Grup, Bank diestimasikan                                                  expected to have Pillar Two income taxes
          tidak memiliki tambahan pajak penghasilan Pilar                                             exposure.
          Dua.


                                                                              78
Page 936
                                                                            The original financial statements included herein are in
                                                                                                              Indonesian language.

          PT BANK MANDIRI TASPEN                                            PT BANK MANDIRI TASPEN
     CATATAN ATAS LAPORAN KEUANGAN                                     NOTES TO THE FINANCIAL STATEMENTS
      Tanggal 31 Desember 2025 dan untuk                                    As of December 31, 2025 and
   Tahun yang Berakhir pada Tanggal Tersebut                                  for the Year Then Ended
        (Disajikan dalam jutaan Rupiah,                                   (Expressed in millions of Rupiah,
            kecuali dinyatakan lain)                                          unless otherwise stated)


18. PERPAJAKAN (lanjutan)                                         18. TAXATION (continued)

   g.     Administrasi                                                 g.     Administration
          Berdasarkan peraturan perpajakan di Indonesia,                     According to the taxation laws of Indonesia,
          Bank menyampaikan Surat Pemberitahuan                              Bank submits the Annual Corporate Income
          Pajak Tahunan ke kantor pajak atas dasar self-                     Tax Returns to the tax office on the basis of self
          assessment. Kantor pajak berhak memeriksa                          assessment. The Directorate General of
          atau mengoreksi pajak dalam jangka waktu                           Taxation may assess or amend taxes within
          5 (lima) tahun setelah tanggal pajak terutang.                     5 (five) years from time when the tax becomes
                                                                             due.
          Surat Permintaan Penjelasan atas Data                              Request Letter of Explanation on Data and/or
          dan/atau Keterangan (SP2DK) tahun pajak 2020                       Information (SP2DK) fiscal year 2020 and 2021
          dan 2021

          Bank menerima SP2DK tahun pajak 2020 dan                           Bank received SP2DK on fiscal year 2020 and
          2021 masing-masing di bulan Desember 2023                          2021 in December 2023 and November 2024,
          dan November 2024. Atas hasil SP2DK tersebut,                      respectively. Bank has agreed on the result of
          Bank setuju untuk membayar kekurangan pajak                        the SP2DK to pay the underpayment of income
          penghasilan pasal 29 dengan total Rp1.770 dan                      tax art 29 totaling Rp1,770 and charged as
          dibebankan sebagai beban pajak penghasilan -                       current income tax - prior year (Note 18b) in
          tahun lalu (Catatan 18b) di tahun 2024.                            2024.

          Surat Permintaan Penjelasan atas Data                              Request Letter of Explanation on Data and/or
          dan/atau Keterangan (SP2DK) tahun pajak 2022                       Information (SP2DK) fiscal year 2022

          Bank menerima SP2DK tahun pajak 2022 di                            Bank received SP2DK on fiscal year 2022 in
          bulan Juni 2025. Atas hasil SP2DK tersebut,                        June 2025. Bank has agreed on the result of
          Bank setuju untuk membayar kekurangan pajak                        the SP2DK to pay the underpayment of income
          penghasilan pasal 29 dengan total Rp385.                           tax art 29 totaling Rp385.

19. SURAT BERHARGA YANG DITERBITKAN                               19. SECURITIES ISSUED

                                         31 Desember 2025/      31 Desember 2024/
                                         December 31, 2025      December 31, 2024

  Obligasi Berkelanjutan I Tahap II               1.200.000                 1.200.000                Continuing Bonds I Phase II
  Obligasi Berkelanjutan II Tahap I               1.500.000                         -                Continuing Bonds II Phase I

  Dikurangi:                                                                                                              Less:
  Beban emisi yang belum diamortisasi:                                                              Unamortized issuance costs:
    Saldo awal                                          907                     2.435                     Beginning balance
    Penambahan                                        5.238                         -                                Addition
    Amortisasi                                       (1.561)                   (1.528)                           Amortization

                                                      4.584                       907

  Total                                           2.695.416                 1.199.093                                       Total


   Surat berharga yang diterbitkan sesuai dengan jatuh                 Securities issued based on maturity profile:
   temponya:
                                         31 Desember 2025/      31 Desember 2024/
                                         December 31, 2025      December 31, 2024

  Tahun                                                                                                                     Year
    2026                                          1.200.000                 1.200.000                                      2026
    2028                                            800.000                         -                                      2028
    2030                                            700.000                         -                                      2030

  Total                                           2.700.000                 1.200.000                                       Total




                                                           79
Page 937
                                                                      The original financial statements included herein are in
                                                                                                        Indonesian language.

          PT BANK MANDIRI TASPEN                                         PT BANK MANDIRI TASPEN
     CATATAN ATAS LAPORAN KEUANGAN                                  NOTES TO THE FINANCIAL STATEMENTS
      Tanggal 31 Desember 2025 dan untuk                                 As of December 31, 2025 and
   Tahun yang Berakhir pada Tanggal Tersebut                               for the Year Then Ended
        (Disajikan dalam jutaan Rupiah,                                (Expressed in millions of Rupiah,
            kecuali dinyatakan lain)                                       unless otherwise stated)


19. SURAT BERHARGA           YANG     DITERBITKAN              19. SECURITIES ISSUED (continued)
    (lanjutan)
  Obligasi Berkelanjutan I                                         Continuing Bonds I
  Obligasi Berkelanjutan I Bank Mandiri Taspen Tahap               Bank Mandiri Taspen Continuing Bonds I Phase II
  II Tahun 2021                                                    Year 2021

  Pada tanggal 29 April 2021, Bank menerbitkan                     On April 29, 2021, the Bank issued Bank Mandiri
  Obligasi Berkelanjutan I Bank Mandiri Taspen Tahap               Taspen Continuing Bonds I Phase II Year 2021
  II Tahun 2021 (“Obligasi Berkelanjutan I Tahap II                (“Continuing Bonds I Phase II Year 2021”) with a
  Tahun 2021”) dengan nominal Rp2.000.000 yang                     nominal value of Rp2,000,000 which consist of 2
  terdiri atas 2 (dua) seri:                                       (two) series:
           Obligasi/                 Nilai nominal/          Suku bunga tetap per tahun/        Tanggal jatuh tempo/
            Bonds                    Nominal value           Fixed interest rate per annum         Maturity date

 Seri A/Series A                                 800.000                           6,50%      28 April 2024/April 28, 2024
 Seri B/Series B                               1.200.000                           7,25%      28 April 2026/April 28, 2026

  Bunga Obligasi Berkelanjutan I Tahap II Tahun 2021               The interest of Continuing Bonds I Phase II Year
  dibayarkan setiap triwulan, dengan pembayaran                    2021 is paid quarterly, with the first payment on
  bunga pertama dilakukan pada tanggal 28 Juli 2021,               July 28, 2021, while the last payment of interest and
  sedangkan pembayaran bunga obligasi terakhir                     also the maturity and payment date of the bonds’
  sekaligus jatuh tempo obligasi adalah pada tanggal               principal is on April 28, 2024 for series A and
  28 April 2024 untuk Seri A dan 28 April 2026 untuk               April 28, 2026 for series B. The trustee for
  Seri B yang juga merupakan tanggal pelunasan                     Continuing Bonds I Phase II Year 2021 is PT Bank
  pokok dari masing-masing seri obligasi. Wali amanat              Permata Tbk.
  dari penerbitan Obligasi Berkelanjutan I Tahap II
  Tahun 2021 adalah PT Bank Permata Tbk.

  Selama berlakunya jangka waktu Obligasi dan                      During the validity period of the Bonds and prior to
  sebelum dilunasinya jumlah terhutang, Bank                       the repayment of the bonds, the Bank is under
  berkewajiban untuk: (i) memelihara pada setiap saat              obligation to: (i) maintain at all times the Bank’s
  keadaan keuangan berada dalam kondisi sehat                      financial level in good condition as regulated by
  sesuai ketentuan OJK; (ii) mempertahankan tingkat                OJK; (ii) maintain the Bank’s health level at a
  kesehatan Bank minimal berada dalam peringkat                    minimum in the composite level 3 (three) which is
  komposit 3 (tiga) yang tergolong “Cukup Baik”,                   “Fair”, according to internal assessment based upon
  sesuai penilaian internal berdasarkan ketentuan                  Bank Indonesia’s regulation; (iii) obtain and comply
  Bank Indonesia; (iii) memperoleh, mematuhi segala                with permits and approvals (from the Government
  ketentuan dan melakukan hal-hal yang diperlukan                  and other parties) and ensure that the Bank
  untuk menjaga tetap berlakunya segala ijin dan                   conforms with Indonesia’s rules and regulations.
  persetujuan (baik dari pemerintah ataupun lainnya)
  dan melakukan hal-hal yang diwajibkan peraturan
  perundang-undangan Republik Indonesia.

  Bank tanpa persetujuan tertulis wali amanat tidak                The Bank, without a written consent from the trustee
  akan     melakukan     hal-hal  sebagai   berikut:               will not: (i) reduce the Bank’s issued and fully paid
  (i) mengurangi modal ditempatkan dan disetor                     up capital except such a reduction is conducted
  kecuali karena adanya ketentuan Pemerintah atau                  based on regulations from the Government of
  Bank Indonesia; (ii) mengadakan perubahan bidang                 Indonesia or Bank Indonesia; (ii) undergo a change
  usaha; (iii) mengadakan penggabungan, konsolidasi,               in its main business; (iii) undergo merger,
  akuisisi dengan entitas lain yang menyebabkan                    consolidation, or acquisitions which led to the
  bubarnya Bank.                                                   dissolution of the Bank.

  Obligasi ini tidak dijamin dengan suatu bentuk                   The bonds are not guaranteed with specific
  jaminan khusus.                                                  guarantee.

  Bank telah melunasi Obligasi Berkelanjutan I Bank                The Bank has fully paid Bank Mandiri Taspen
  Mandiri Taspen Tahap II Tahun 2021 Seri A pada                   Continuing Bonds I Phase II Year 2021 Series A on
  tanggal 28 April 2024.                                           April 28, 2024.




                                                        80
Page 938
                                                                          The original financial statements included herein are in
                                                                                                            Indonesian language.

          PT BANK MANDIRI TASPEN                                             PT BANK MANDIRI TASPEN
     CATATAN ATAS LAPORAN KEUANGAN                                      NOTES TO THE FINANCIAL STATEMENTS
      Tanggal 31 Desember 2025 dan untuk                                     As of December 31, 2025 and
   Tahun yang Berakhir pada Tanggal Tersebut                                   for the Year Then Ended
        (Disajikan dalam jutaan Rupiah,                                    (Expressed in millions of Rupiah,
            kecuali dinyatakan lain)                                           unless otherwise stated)


19. SURAT BERHARGA            YANG       DITERBITKAN               19. SECURITIES ISSUED (continued)
    (lanjutan)

  Obligasi Berkelanjutan I (lanjutan)                                  Continuing Bonds I (continued)
  Obligasi Berkelanjutan I Bank Mandiri Taspen Tahap                   Bank Mandiri Taspen Continuing Bonds I Phase II
  II Tahun 2021 (lanjutan)                                             Year 2021 (continued)

  Pada tanggal 31 Desember 2025 dan 31 Desember                        As of December 31, 2025 and December 31, 2024,
  2024, peringkat Obligasi Berkelanjutan I Tahap II                    based on Fitch Rating’s, rating for Continuing Bonds
  Tahun 2021 menurut Fitch Rating adalah AA (idn)                      I Phase II Year 2021 is AA (idn) (double A).
  (double A).

  Informasi mengenai surat berharga yang diterbitkan                   Information concerning securities issued owned by
  dimiliki oleh pihak berelasi disajikan pada Catatan 34.              related parties are presented in Note 34.

  Pada tanggal 31 Desember 2025 dan 31 Desember                        As of December 31, 2025 and December 31, 2024,
  2024, Bank telah memenuhi persyaratan dan                            the Bank has fulfilled the requirements stipulated in
  ketentuan yang ditetapkan dalam perjanjian surat                     the agreement of all securities issued.
  berharga yang diterbitkan.

  Obligasi Berkelanjutan II Tahap I                                    Continuing Bonds II Phase I

  Obligasi Berkelanjutan II Bank Mandiri Taspen Tahap                  Bank Mandiri Taspen Continuing Bonds II Phase I
  I Tahun 2025                                                         Year 2025

  Pada tanggal 26 Juni 2025, Bank menerbitkan                          On June 26, 2025, the Bank issued Bank Mandiri
  Obligasi Berkelanjutan II Bank Mandiri Taspen Tahap                  Taspen Continuing Bonds II Phase I Year 2025
  I Tahun 2025 (“Obligasi Berkelanjutan II Tahap I                     (“Continuing Bonds II Phase I Year 2025”) with a
  Tahun 2025”) dengan nominal Rp1.500.000 yang                         nominal value of Rp1,500,000 which consist of 2
  terdiri atas 2 (dua) seri:                                           (two) series:
           Obligasi/                    Nilai nominal/           Suku bunga tetap per tahun/        Tanggal jatuh tempo/
            Bonds                       Nominal value            Fixed interest rate per annum         Maturity date

 Seri A/Series A                                     800.000                           6,65%          4 Juli 2028/July 4, 2028
 Seri B/Series B                                     700.000                           6,80%          4 Juli 2030/July 4, 2030

  Bunga Obligasi Berkelanjutan II Tahap I Tahun 2025                   The interest of Continuing Bonds II Phase I Year
  dibayarkan setiap triwulan, dengan pembayaran                        2025 is paid quarterly, with the first payment on
  bunga pertama dilakukan pada tanggal 4 Oktober                       October 4, 2025, while the last payment of interest
  2025, sedangkan pembayaran bunga obligasi                            and also the maturity and payment date of the
  terakhir sekaligus jatuh tempo obligasi adalah pada                  bonds’ principal is on July 4, 2028 for series A and
  tanggal 4 Juli 2028 untuk Seri A dan 4 Juli 2030 untuk               July 4, 2030 for series B. The trustee for Continuing
  Seri B yang juga merupakan tanggal pelunasan                         Bonds II Phase I Year 2025 is PT Bank Rakyat
  pokok dari masing-masing seri obligasi. Wali amanat                  Indonesia (Persero) Tbk.
  dari penerbitan Obligasi Berkelanjutan II Tahap I
  Tahun 2025 adalah PT Bank Rakyat Indonesia
  (Persero) Tbk.

  Selama berlakunya jangka waktu Obligasi dan                          During the validity period of the Bonds and prior to
  sebelum dilunasinya jumlah terhutang, Bank                           the repayment of the bonds, the Bank is under
  berkewajiban untuk: (i) memelihara pada setiap saat                  obligation to: (i) maintain at all times the Bank’s
  keadaan keuangan berada dalam kondisi sehat                          financial level in good condition as regulated by
  sesuai ketentuan OJK; (ii) mempertahankan tingkat                    OJK; (ii) maintain the Bank’s health level at a
  kesehatan Bank minimal berada dalam peringkat                        minimum in the composite level 3 (three) which is
  komposit 3 (tiga) yang tergolong “Cukup Baik”,                       “Fair”, according to internal assessment based upon
  sesuai penilaian internal berdasarkan ketentuan                      Bank Indonesia’s regulation; (iii) obtain and comply
  Bank Indonesia; (iii) memperoleh, mematuhi segala                    with permits and approvals (from the Government
  ketentuan dan melakukan hal-hal yang diperlukan                      and other parties) and ensure that the Bank
  untuk menjaga tetap berlakunya segala ijin dan                       conforms with Indonesia’s rules and regulations.
  persetujuan (baik dari pemerintah ataupun lainnya)
  dan melakukan hal-hal yang diwajibkan peraturan
  perundang-undangan Republik Indonesia.

                                                            81
Page 939
                                                                           The original financial statements included herein are in
                                                                                                             Indonesian language.

          PT BANK MANDIRI TASPEN                                              PT BANK MANDIRI TASPEN
     CATATAN ATAS LAPORAN KEUANGAN                                       NOTES TO THE FINANCIAL STATEMENTS
      Tanggal 31 Desember 2025 dan untuk                                      As of December 31, 2025 and
   Tahun yang Berakhir pada Tanggal Tersebut                                    for the Year Then Ended
        (Disajikan dalam jutaan Rupiah,                                     (Expressed in millions of Rupiah,
            kecuali dinyatakan lain)                                            unless otherwise stated)


19. SURAT BERHARGA                 YANG    DITERBITKAN              19. SECURITIES ISSUED (continued)
    (lanjutan)

   Obligasi Berkelanjutan II Tahap I (lanjutan)                          Continuing Bonds II Phase I (continued)
   Obligasi Berkelanjutan II Bank Mandiri Taspen Tahap                  Bank Mandiri Taspen Continuing Bonds II Phase I
   I Tahun 2025 (lanjutan)                                              Year 2025 (continued)

   Bank tanpa persetujuan tertulis wali amanat tidak                    The Bank, without a written consent from the trustee
   akan     melakukan     hal-hal  sebagai   berikut:                   will not: (i) reduce the Bank’s issued and fully paid
   (i) mengurangi modal ditempatkan dan disetor                         up capital except such a reduction is conducted
   kecuali karena adanya ketentuan Pemerintah atau                      based on regulations from the Government of
   Bank Indonesia; (ii) mengadakan perubahan bidang                     Indonesia or Bank Indonesia; (ii) undergo a change
   usaha; (iii) mengadakan penggabungan, konsolidasi,                   in its main business; (iii) undergo merger,
   akuisisi dengan entitas lain yang menyebabkan                        consolidation, or acquisitions which led to the
   bubarnya Bank.                                                       dissolution of the Bank.

   Obligasi ini tidak dijamin dengan suatu bentuk                       The bonds are not guaranteed with specific
   jaminan khusus.                                                      guarantee.

   Pada tanggal 31 Desember 2025, peringkat Obligasi                    As of December 31, 2025, based on
   Berkelanjutan II Tahap I Tahun 2025 menurut                          PT. Pemeringkat Efek Indonesia (Pefindo), rating for
   PT Pemeringkat Efek Indonesia (Pefindo) adalah                       Continuing Bonds II Phase I Year 2025 is AAA (idn)
   AAA (idn) (triple A).                                                (triple A).

   Informasi mengenai surat berharga yang diterbitkan                   Information concerning securities issued owned by
   dimiliki oleh pihak berelasi disajikan pada Catatan 34.              related parties are presented in Note 34.

   Pada tanggal 31 Desember 2025 Bank telah                             As of December 31, 2025, the Bank has fulfilled the
   memenuhi persyaratan dan ketentuan yang                              requirements stipulated in the agreement of all
   ditetapkan dalam perjanjian surat berharga yang                      securities issued.
   diterbitkan.

20. PINJAMAN YANG DITERIMA                                          20. BORROWINGS
                                          31 Desember 2025/       31 Desember 2024/
                                          December 31, 2025       December 31, 2024


  Pihak berelasi (Catatan 36)                                                                        Related parties (Note 36)
  PT Bank Mandiri (Persero) Tbk                    1.500.000               1.500.000             PT Bank Mandiri (Persero) Tbk
  PT Sarana Multigriya Finansial                                                                 PT Sarana Multigriya Finansial
    (Persero)                                                -             1.000.000                                (Persero)
  PT Bank Tabungan Negara                                                                           PT Bank Tabungan Negara
    (Persero) Tbk                                            -               500.000                        (Persero) Tbk
                                                   1.500.000               3.000.000
  Pihak ketiga                                                                                                 Third parties
  PT Bank Central Asia Tbk                         1.250.000               1.000.000                PT Bank Central Asia Tbk
  PT Bank Pembangunan Daerah                                                                   PT Bank Pembangunan Daerah
    Jawa Barat dan Banten Tbk                      1.000.000               1.000.000          Jawa Barat dan Banten Tbk
  PT Bank DKI                                      1.000.000                 500.000                           PT Bank DKI
  PT Bank Maybank Indonesia Tbk                      250.000                 250.000          PT Bank Maybank Indonesia Tbk
                                                   3.500.000               2.750.000

  Total                                            5.000.000               5.750.000                                       Total




                                                             82
Page 940
                                                                     The original financial statements included herein are in
                                                                                                       Indonesian language.

          PT BANK MANDIRI TASPEN                                        PT BANK MANDIRI TASPEN
     CATATAN ATAS LAPORAN KEUANGAN                                 NOTES TO THE FINANCIAL STATEMENTS
      Tanggal 31 Desember 2025 dan untuk                                As of December 31, 2025 and
   Tahun yang Berakhir pada Tanggal Tersebut                              for the Year Then Ended
        (Disajikan dalam jutaan Rupiah,                               (Expressed in millions of Rupiah,
            kecuali dinyatakan lain)                                      unless otherwise stated)


20. PINJAMAN YANG DITERIMA (lanjutan)                          20. BORROWINGS (continued)
   PT Bank Mandiri (Persero) Tbk (Bank Mandiri)                   PT Bank Mandiri (Persero) Tbk (Bank Mandiri)
   Term Loan 1                                                    Term Loan 1
   Pada tanggal 29 Desember 2021, Bank memperoleh                 On December 29, 2021, Bank obtained loan facility
   fasilitas kredit dari Bank Mandiri, berupa fasilitas           from Bank Mandiri in the form of Term Loan
   Term Loan (committed) - non revolving dengan                   (committed) - non revolving with a maximum credit
   jumlah maksimum sebesar Rp500.000.                             limit of Rp500,000.
   Fasilitas tersebut digunakan untuk membiayai modal             The facilities were used to Bank’s working capital.
   kerja Bank.
   Fasilitas ini memiliki jangka waktu selama 24 bulan            This facility has a term of 24 months up to
   hingga 23 Desember 2023 dengan suku bunga                      December 23, 2023 which bears interest at JIBOR 3
   JIBOR 3 bulan + 150bps dan telah dilunasi lebih awal           month + 150bps and has been paid off early by Bank
   oleh Bank pada bulan Agustus 2025.                             on August 2025.
   Pada tanggal 26 September 2023, jangka waktu                   On September 26, 2023, the Term Loan (committed)
   fasilitas ini diperpanjang hingga 25 September 2025            - non revolving was extended up to September 25,
   dengan suku bunga JIBOR 3 bulan + 65bps.                       2025 which bears interest at JIBOR 3 months +
                                                                  65bps.
   Term Loan 2                                                    Term Loan 2
   Pada tanggal 26 Mei 2023, Bank memperoleh                      On May 26, 2023, the Bank get an additional limit of
   tambahan limit fasilitas Term Loan (committed) - non           the Term Loan (committed) - non revolving
   revolving sebesar Rp500.000.                                   amounted to Rp500,000.
   Fasilitas ini memiliki jangka waktu selama 24 bulan            This facility has a term of 24 months up to May 25,
   hingga 25 Mei 2025 dengan suku bunga masing-                   2025 which bears interest at 7.51% per annum for
   masing 7,51% per tahun untuk 12 bulan pertama dan              the first 12 months and JIBOR 3 month + 65bps for
   JIBOR 3 bulan + 65bps untuk 12 bulan kedua.                    the second 12 months, respectively. This facility has
   Adapun fasilitas ini sudah dilunasi pada bulan Mei             been paid off on May 2025.
   2025.
   Term Loan 3                                                    Term Loan 3
   Pada tanggal 28 Maret 2024, Bank memperoleh                    On March 28, 2024, the Bank get an additional limit
   tambahan limit fasilitas Term Loan (committed) - non           of the Term Loan (committed) - non revolving
   revolving sebesar Rp500.000.                                   amounted to Rp500,000.
   Fasilitas ini memiliki jangka waktu selama 24 bulan            This facility has a term of 24 months which bears
   hingga dengan suku bunga JIBOR 3 bulan + 65bps.                interest at JIBOR 3 month + 65bps. This facility has
   Adapun fasilitas ini sudah dilunasi lebih awal pada            been paid off early on August 2025.
   bulan Agustus 2025.
   Term Loan 4                                                    Term Loan 4
   Pada tanggal 13 Agustus 2025, Bank memperoleh                  On August 13, 2025, Bank obtained loan facility from
   fasilitas kredit dari Bank Mandiri, berupa fasilitas           Bank Mandiri in the form of Term Loan (committed)
   Term Loan (committed) - non revolving dengan                   - non revolving with a maximum credit limit of
   jumlah maksimum sebesar Rp1.000.000. Fasilitas                 Rp1,000,000. The facilities were used to Bank’s
   tersebut digunakan untuk membiayai modal kerja                 working capital.
   Bank.
   Fasilitas ini memiliki jangka waktu selama 24 bulan            This facility has a term of 24 months with rate of
   dengan suku bunga IndONIA 90 hari + 115 bps.                   90-days IndONIA + 115 bps.




                                                          83
Page 941
                                                                       The original financial statements included herein are in
                                                                                                         Indonesian language.

          PT BANK MANDIRI TASPEN                                          PT BANK MANDIRI TASPEN
     CATATAN ATAS LAPORAN KEUANGAN                                   NOTES TO THE FINANCIAL STATEMENTS
      Tanggal 31 Desember 2025 dan untuk                                  As of December 31, 2025 and
   Tahun yang Berakhir pada Tanggal Tersebut                                for the Year Then Ended
        (Disajikan dalam jutaan Rupiah,                                 (Expressed in millions of Rupiah,
            kecuali dinyatakan lain)                                        unless otherwise stated)


20. PINJAMAN YANG DITERIMA (lanjutan)                            20. BORROWINGS (continued)
   PT Bank Mandiri (Persero) Tbk (Bank Mandiri)                     PT Bank Mandiri (Persero) Tbk (Bank Mandiri)
   (lanjutan)                                                       (continued)
   Term Loan 5                                                      Term Loan 5
   Pada tanggal 29 Agustus 2025, Bank memperoleh                    On August 29, 2025, Bank obtained loan facility from
   fasilitas kredit dari Bank Mandiri, berupa fasilitas             Bank Mandiri in the form of Term Loan (committed)
   Term Loan (committed) - non revolving dengan                     - non revolving with a maximum credit limit of
   jumlah maksimum sebesar Rp500.000. Fasilitas                     Rp500,000. The facilities were used to Bank’s
   tersebut digunakan untuk membiayai modal kerja                   working capital.
   Bank.
   Fasilitas ini memiliki jangka waktu selama 24 bulan              This facility has a term of 24 months with rate of
   dengan suku bunga IndONIA 90 hari + 115 bps.                     90-days IndONIA + 115 bps.
   Pada tanggal 31 Desember 2025 dan 2024, tidak                    As of December 31, 2025 and 2024, there is no asset
   terdapat aset bank yang dijaminkan atas pinjaman                 pledged as collateral.
   yang diterima.
   Pada tanggal 31 Desember 2025 dan 2024, Bank                     As of December 31, 2025 and 2024, the Bank has
   telah memenuhi persyaratan dan ketentuan yang                    fulfilled the requirements stipulated in the agreement
   ditetapkan dalam perjanjian pinjaman yang diterima.              of all borrowings.
   PT Sarana Multigriya Finansial (Persero)                         PT Sarana Multigriya Finansial (Persero)
   Pada tanggal 4 Mei 2024, Bank menandatangani                     On May 4, 2024, Bank signed a credit agreement
   perjanjian kredit dimana PT Sarana Multigriya                    where PT Sarana Multigriya Finansial (Persero)
   Finansial (Persero) (“SMF”) menyediakan fasilitas                (“SMF”) provided a Refinancing facility with a total
   Refinancing dengan total fasilitas sebesar                       facility of Rp1,000,000 which is non-revolving and
   Rp1.000.000 yang bersifat non-revolving dan                      subject to a fixed interest rate of 6.90%. This facility
   dikenakan tingkat suku bunga tetap sebesar 6,90%.                has a term of 12 months and has been paid off on
   Fasilitas ini memiliki jangka waktu 12 bulan dan telah           June 2025.
   dilunasi pada bulan Juni 2025.
   Pada      tanggal     14    Januari    2025,    Bank             On January 14, 2025, Bank signed a credit
   menandatangani perjanjian kredit dimana PT Sarana                agreement where PT Sarana Multigriya Finansial
   Multigriya Finansial (Persero) (“SMF”) menyediakan               (Persero) (“SMF”) provided a Refinancing facility
   fasilitas Refinancing dengan total fasilitas sebesar             with a total facility of Rp1,000,000 which is non-
   Rp1.500.000 yang bersifat non-revolving dan                      revolving and subject to a fixed interest rate of
   dikenakan tingkat suku bunga tetap sebesar 6,90%.                6.90%. This facility has a term of 2 years and has
   Fasilitas ini memiliki jangka waktu 2 tahun dan telah            been paid off on June 2025.
   dilunasi pada bulan Juni 2025.

   Pada tanggal 31 Desember 2025 dan 2024, tidak                    As of December 31, 2025 and 2024, there is no
   terdapat aset bank yang dijaminkan atas pinjaman                 asset pledged as collateral.
   yang diterima.
   Pada tanggal 31 Desember 2025 dan 2024, Bank                     As of December 31, 2025 and 2024, the Bank has
   telah memenuhi persyaratan dan ketentuan yang                    fulfilled the requirements stipulated in the agreement
   ditetapkan dalam perjanjian pinjaman yang diterima.              of all borrowings.
   PT Bank Tabungan Negara (Persero) Tbk (BTN)                      PT Bank Tabungan Negara (Persero) Tbk (BTN)
   Pada tanggal 16 Juni 2021, Bank memperoleh                       On June 16, 2021, Bank obtained loan facility from
   fasilitas kredit dari BTN, berupa fasilitas Term Loan            BTN in the form of Term Loan (committed) - non
   (committed) - non revolving dengan jumlah                        revolving with a maximum credit limit of Rp500,000.
   maksimum sebesar Rp500.000.
   Fasilitas tersebut digunakan untuk membiayai modal               The facilities were used to Bank’s working capital.
   kerja Bank.
   Fasilitas ini memiliki jangka waktu selama 12 bulan              This facility has a term of 12 months which bears
   dengan suku bunga 5,3% per tahun.                                interest at 5.3% per annum.


                                                            84
Page 942
                                                                         The original financial statements included herein are in
                                                                                                           Indonesian language.

          PT BANK MANDIRI TASPEN                                            PT BANK MANDIRI TASPEN
     CATATAN ATAS LAPORAN KEUANGAN                                     NOTES TO THE FINANCIAL STATEMENTS
      Tanggal 31 Desember 2025 dan untuk                                    As of December 31, 2025 and
   Tahun yang Berakhir pada Tanggal Tersebut                                  for the Year Then Ended
        (Disajikan dalam jutaan Rupiah,                                   (Expressed in millions of Rupiah,
            kecuali dinyatakan lain)                                          unless otherwise stated)


20. PINJAMAN YANG DITERIMA (lanjutan)                              20. BORROWINGS (continued)
   PT Bank Tabungan Negara (Persero) Tbk (BTN)                        PT Bank Tabungan Negara (Persero) Tbk (BTN)
   (lanjutan)                                                         (continued)
   Pada tanggal 19 Mei 2022, jangka waktu fasilitas ini               On May 19, 2022, this facility has been extended up
   telah diperpanjang hingga 29 Juni 2025. Fasilitas ini              to June 29, 2025. This facility has been paid off by
   telah dilunasi oleh Bank pada bulan Juni 2025.                     Bank on June 2025.
   Pada tanggal 31 Desember 2025 dan 2024, tidak                      As of December 31, 2025 and 2024, there is no
   terdapat aset bank yang dijaminkan atas pinjaman                   asset pledged as collateral.
   yang diterima.
   Pada tanggal 31 Desember 2025 dan 2024, Bank                       As of December 31, 2025 and 2024, the Bank has
   telah memenuhi persyaratan dan ketentuan yang                      fulfilled the requirements stipulated in the agreement
   ditetapkan dalam perjanjian pinjaman yang diterima.                of all borrowings.

   PT Bank Central Asia Tbk (BCA)                                     PT Bank Central Asia Tbk (BCA)
   Term Loan 1                                                        Term Loan 1
   Pada bulan Januari 2020, Bank memperoleh fasilitas                 On January 2020, Bank obtained loan facility from
   kredit dari BCA, berupa fasilitas Term Loan 1                      BCA in the form of Term Loan 1 (committed) - non
   (committed) - non revolving dengan jumlah                          revolving with a maximum credit limit of Rp500,000.
   maksimum sebesar Rp500.000.
   Fasilitas ini telah beberapa kali diperpanjang, terakhir           This facility has been extended for a few times, the
   sampai dengan tanggal 20 Januari 2025 dengan                       latest term is up to January 20, 2025 which bears
   suku bunga JIBOR 3 bulan + 125bps. Fasilitas ini                   interest at JIBOR 3 month + 125bps. This facility has
   telah dilunasi pada bulan Januari 2025.                            been paid off on January 2025.
   Term Loan 3                                                        Term Loan 3
   Pada bulan Maret 2021, Bank memperoleh fasilitas                   On March 2021, Bank obtained loan facility from
   kredit dari BCA, berupa fasilitas Term Loan 3                      BCA in the form of Term Loan 3 (committed) - non
   (committed) - non revolving dengan jumlah                          revolving with a maximum credit limit of Rp250,000.
   maksimum sebesar Rp250.000.
   Fasilitas ini telah beberapa kali diperpanjang, terakhir           This facility has been extended for a few times, the
   sampai dengan tanggal 31 Maret 2025 dengan suku                    latest term is up to March 31, 2025 which bears
   bunga 5,25%. Fasilitas ini telah dilunasi pada bulan               interest at 5.25%. This facility has been paid off on
   Maret 2025.                                                        March 2025.
   Term Loan 4                                                        Term Loan 4

   Pada bulan Maret 2022, Bank memperoleh fasilitas                   On March 2022, Bank obtained loan facility from
   kredit dari BCA, berupa fasilitas Term Loan 4                      BCA in the form of Term Loan 4 (committed) - non
   (committed) - non revolving dengan jumlah                          revolving with a maximum credit limit of Rp250,000.
   maksimum sebesar Rp250.000.
   Seluruh fasilitas tersebut         digunakan      untuk            All the facilities were used to Bank’s working capital.
   membiayai modal kerja Bank.
   Fasilitas ini memiliki jangka waktu selama 36 bulan                This facility has a term of 36 months up to
   hingga 31 Maret 2025 dengan suku bunga 5,25% per                   March 31, 2025 which bears interest at 5.25% per
   tahun. Fasilitas ini telah dilunasi pada bulan Maret               annum. This facility has been paid off on March
   2025.                                                              2025.
   Term Loan 5                                                        Term Loan 5
   Pada bulan Juni 2025, Bank memperoleh fasilitas                    On June 2025, Bank obtained loan facility from BCA
   kredit dari BCA, berupa fasilitas Term Loan 5                      in the form of Term Loan 5 (committed) - non
   (committed) - non revolving dengan jumlah                          revolving with a maximum credit limit of Rp500,000.
   maksimum sebesar Rp500.000.



                                                              85
Page 943
                                                                         The original financial statements included herein are in
                                                                                                           Indonesian language.

          PT BANK MANDIRI TASPEN                                            PT BANK MANDIRI TASPEN
     CATATAN ATAS LAPORAN KEUANGAN                                     NOTES TO THE FINANCIAL STATEMENTS
      Tanggal 31 Desember 2025 dan untuk                                    As of December 31, 2025 and
   Tahun yang Berakhir pada Tanggal Tersebut                                  for the Year Then Ended
        (Disajikan dalam jutaan Rupiah,                                   (Expressed in millions of Rupiah,
            kecuali dinyatakan lain)                                          unless otherwise stated)


20. PINJAMAN YANG DITERIMA (lanjutan)                              20. BORROWINGS (continued)
   PT Bank Central Asia Tbk (BCA) (lanjutan)                          PT Bank Central Asia Tbk (BCA) (continued)
   Term Loan 5 (lanjutan)                                             Term Loan 5 (continued)
   Fasilitas ini memiliki jangka waktu selama 18 bulan                This facility has a term of 18 months which bears
   dengan suku bunga IndONIA 90 hari + 120 bps per                    interest at 90-days IndONIA + 120 bps.
   tahun.
   Term Loan 6                                                        Term Loan 6
   Pada bulan Desember 2025, Bank memperoleh                          On December 2025, Bank obtained loan facility from
   fasilitas kredit dari BCA, berupa fasilitas Term Loan              BCA in the form of Term Loan Tranche A
   Tranche A (committed) - non revolving dan Tranche                  (committed) - non revolving and Tranche B
   B (committed) - non revolving dengan jumlah                        (committed) - non revolving with a maximum credit
   maksimum masing-masing sebesar Rp500.000 dan                       limit of Rp500,000 and Rp250,000, respectively.
   Rp250.000.
   Fasilitas ini memiliki jangka waktu selama 24 bulan                This facility has a term of 24 months which bears
   dengan suku bunga IndONIA 90 hari + 110 bps per                    interest of 90-days IndONIA + 110bps per annum.
   tahun.
   Pada tanggal 31 Desember 2025 dan 2024, tidak                      As of December 31, 2025 and 2024, there is no
   terdapat aset bank yang dijaminkan atas pinjaman                   asset pledged as collateral.
   yang diterima.

   Pada tanggal 31 Desember 2025 dan 2024, Bank                       As of December 31, 2025 and 2024, the Bank has
   telah memenuhi persyaratan dan ketentuan yang                      fulfilled the requirements stipulated in the agreement
   ditetapkan dalam perjanjian pinjaman.                              of borrowing.

   PT Bank Pembangunan Daerah Jawa Barat dan                          PT Bank Pembangunan Daerah Jawa Barat dan
   Banten Tbk (BJB)                                                   Banten Tbk (BJB)

   Pada tanggal 23 September 2020, Bank memperoleh                    On September 23, 2020, Bank obtained loan facility
   fasilitas kredit dari Bank BJB, berupa fasilitas Term              from Bank BJB in the form of Term Loan (committed)
   Loan (committed) - non revolving dengan jumlah                     - non revolving with a maximum credit limit of
   maksimum sebesar Rp500.000.                                        Rp500,000.

   Fasilitas ini telah beberapa kali diperpanjang, terakhir           This facility has been extended for a few times. the
   sampai dengan tanggal 20 Desember 2026 dengan                      latest term up is to December 20, 2026 and
   penambahan limit fasilitas menjadi Rp1.000.000.                    additional limit of facility up to Rp1,000,000. This
   Fasilitas ini dikenakan suku bunga JIBOR 3 bulan +                 facility bears interest at JIBOR 3 months + 80bps as
   80bps per 31 Desember 2024 dan mengalami                           of December 31, 2024 and experienced the last
   perubahan suku bunga terakhir pada bulan                           interest rate change in December 2025 to
   Desember 2025 menjadi IndONIA 90 hari + 80bps +                    90-days IndONIA interest rate + 80bps + 95bps.
   95bps.

   Fasilitas tersebut digunakan untuk membiayai modal                 The facilities were used to Bank’s working capital.
   kerja Bank.

   Pada tanggal 31 Desember 2025 dan 2024, tidak                      As of December 31, 2025 and 2024, there is no
   terdapat aset yang dijaminkan atas pinjaman yang                   asset pledged as collateral.
   diterima.

   Pada tanggal 31 Desember 2025 dan 2024, Bank                       As of December 31, 2025 and 2024, the Bank has
   telah memenuhi persyaratan dan ketentuan yang                      fulfilled the requirements stipulated in the agreement
   ditetapkan dalam perjanjian pinjaman yang diterima.                of all borrowings.

   PT Bank DKI (Bank Jakarta)                                         PT Bank DKI (Bank Jakarta)
   Pada tanggal 18 April 2022, Bank memperoleh                        On April 18, 2022, Bank obtained loan facility from
   fasilitas kredit dari Bank DKI, berupa fasilitas Term              Bank DKI in the form of Term Loan (committed) - non
   Loan      (committed) - non revolving dengan jumlah                revolving with a maximum credit limit of Rp500,000.
   maksimum sebesar Rp500.000.
                                                              86
Page 944
                                                                       The original financial statements included herein are in
                                                                                                         Indonesian language.

          PT BANK MANDIRI TASPEN                                          PT BANK MANDIRI TASPEN
     CATATAN ATAS LAPORAN KEUANGAN                                   NOTES TO THE FINANCIAL STATEMENTS
      Tanggal 31 Desember 2025 dan untuk                                  As of December 31, 2025 and
   Tahun yang Berakhir pada Tanggal Tersebut                                for the Year Then Ended
        (Disajikan dalam jutaan Rupiah,                                 (Expressed in millions of Rupiah,
            kecuali dinyatakan lain)                                        unless otherwise stated)


20. PINJAMAN YANG DITERIMA (lanjutan)                            20. BORROWINGS (continued)
   PT Bank DKI (Bank Jakarta) (lanjutan)                            PT Bank DKI (Bank Jakarta) (continued)

   Fasilitas tersebut digunakan untuk membiayai modal               The facilities were used to Bank’s working capital.
   kerja Bank.
   Fasilitas ini memiliki jangka waktu selama 24 bulan.             This facility has a term of 24 months which bears
   dengan suku bunga JIBOR 3 bulan + margin sebesar                 interest at JIBOR 3 month + 0.95% of margin per
   0,95% per 31 Desember 2024 dan mengalami                         annum as of December 31, 2024 and experienced
   perubahan suku bunga menjadi IndONIA 90 hari +                   the last interest rate change to 90-days IndONIA +
   135 bps per tahun pada Desember 2025.                            135 bps per annum on December 2025.

   Pada tanggal 13 Desember 2023, jangka waktu                      On December 13, 2023, this facility has been
   fasilitas ini telah diperpanjang hingga 15 Desember              extended up to December 15, 2026.
   2026.
   Pada 25 Juni 2025, Bank memperoleh fasilitas kredit              On 25 June 2025, Bank obtained loan facility from
   dari Bank DKI, berupa fasilitas Term Loan                        Bank DKI in the form of Term Loan (committed) - non
   (committed) - non revolving dengan jumlah                        revolving with a maximum credit limit of Rp500,000
   maksimum sebesar Rp500.000 yang digunakan                        and were used to Bank’s working capital.
   untuk membiayai modal kerja Bank.
   Fasilitas ini memiliki jangka waktu selama 24 bulan              This facility has a term of 24 months which bears
   dengan suku bunga IndONIA 90 hari + 123 bps per                  interest of 90-days IndONIA + 123 bps per annum.
   tahun.
   Pada tanggal 31 Desember 2025 dan 2024, tidak                    As of December 31, 2025 and 2024, there is no
   terdapat aset bank yang dijaminkan atas pinjaman                 asset pledged as collateral.
   yang diterima.
   Pada tanggal 31 Desember 2025 dan 2024, Bank                     As of December 31, 2025 and 2024, the Bank has
   telah memenuhi persyaratan dan ketentuan yang                    fulfilled the requirements stipulated in the agreement
   ditetapkan dalam perjanjian pinjaman yang diterima.              of all borrowings.

   PT Bank Maybank Indonesia Tbk (Bank Maybank)                     PT Bank       Maybank       Indonesia      Tbk     (Bank
                                                                    Maybank)
   Pada tanggal 2 Juni 2022, Bank memperoleh fasilitas              On June 2, 2022, Bank obtained loan facility from
   kredit dari Bank Maybank, berupa fasilitas Term Loan             Bank Maybank in the form of Term Loan (committed)
   (committed) - non revolving dengan jumlah                        - non revolving with a maximum credit limit of
   maksimum sebesar Rp250.000.                                      Rp250,000.
   Fasilitas ini memiliki jangka waktu selama 24 bulan              This facility has a term of 24 months which bears
   dengan suku bunga JIBOR 3 bulan + 100bps.                        interest at JIBOR 3 month + 100bps. The facilities
   Fasilitas tersebut digunakan untuk membiayai modal               were used to Bank’s working capital.
   kerja Bank.
   Pada tanggal 31 Mei 2024, fasilitas ini telah dilunasi           On May 31, 2024, this facility has been been repaid
   oleh Bank.                                                       by the Bank.
   Pada bulan Juni 2024, Bank memperoleh fasilitas                  On June 2024, Bank obtained loan facility from Bank
   kredit dari Bank Maybank, berupa fasilitas Term Loan             Maybank in the form of Term Loan (committed) - non
   (committed) - non revolving dengan jumlah                        revolving with a maximum credit limit of Rp250,000.
   maksimum sebesar Rp250.000.
   Fasilitas ini memiliki jangka waktu selama 24 bulan              This facility has a term of 24 months up to
   hingga Juni 2026 dengan suku bunga 7,2% per                      June 2026 which bears interest at 7.2% per annum.
   tahun.
   Fasilitas tersebut digunakan untuk membiayai modal               The facilities were used to Bank’s working capital.
   kerja Bank.
   Pada tanggal 31 Desember 2025 dan 2024, tidak                    As of December 31, 2025 and 2024, there is no
   terdapat aset bank yang dijaminkan atas pinjaman                 asset pledged as collateral.
   yang diterima.

                                                            87
Page 945
                                                                                                                 The original financial statements included herein are in
                                                                                                                                                   Indonesian language.

           PT BANK MANDIRI TASPEN                                                                               PT BANK MANDIRI TASPEN
      CATATAN ATAS LAPORAN KEUANGAN                                                                        NOTES TO THE FINANCIAL STATEMENTS
       Tanggal 31 Desember 2025 dan untuk                                                                       As of December 31, 2025 and
    Tahun yang Berakhir pada Tanggal Tersebut                                                                     for the Year Then Ended
         (Disajikan dalam jutaan Rupiah,                                                                      (Expressed in millions of Rupiah,
             kecuali dinyatakan lain)                                                                             unless otherwise stated)


20. PINJAMAN YANG DITERIMA (lanjutan)                                                            20. BORROWINGS (continued)
    PT Bank Maybank Indonesia Tbk (Bank Maybank)                                                         PT Bank Maybank Indonesia                                       Tbk        (Bank
    (lanjutan)                                                                                           Maybank) (continued)

    Pada tanggal 31 Desember 2025 dan 2024, Bank                                                         As of December 31, 2025 and 2024, the Bank has
    telah memenuhi persyaratan dan ketentuan yang                                                        fulfilled the requirements stipulated in the
    ditetapkan dalam perjanjian pinjaman yang diterima.                                                  agreement of all borrowings.

21. EFEK-EFEK YANG DIJUAL DENGAN JANJI                                                          21. SECURITIES SOLD                                UNDER            REPURCHASE
    DIBELI KEMBALI                                                                                  AGREEMENTS
                                                                                                                        31 Desember 2024/December 31, 2024
                                                                                                                                                    Beban
                                                                                                                                                    bunga
                                                                                                                        Nilai pembelian         yang belum
                                                   Nilai nominal/         Tanggal                  Tanggal                 kembali/             diamortisasi/
      Nasabah/              Jenis efek-efek/          Nominal             dimulai/              jatuh tempo/             Repurchase             Unamortized            Nilai tercatat/
     Counterparty          Type of securities         amount            Starting date             Due date                  amount                 Interest            Carrying value
   Pihak berelasi /Related party - Rupiah (Catatan 36)/(Note 36)

                           Obligasi Pemerintah                                     15 Nov/                 14 Jan/
   PT Bank Mandiri         FR 0052/Government                                      Nov 15,                 Jan 14,
    (Persero) Tbk          Bonds FR 0052                     200.000                 2024                    2025                  225.076                      -              225.076



    Tingkat suku bunga per tahun pada tanggal                                                             As of December 31, 2024, the interest rate per
    31 Desember 2024 adalah sebesar 6,73%.                                                                annum is 6.73%.

22. BEBAN YANG MASIH HARUS DIBAYAR                                                               22. ACCRUED EXPENSES
                                                         31 Desember 2025/                   31 Desember 2024/
                                                         December 31, 2025                   December 31, 2024

  Liabilitas sewa                                                         166.697                                 182.866                                       Lease liabilities
  Bunga yang masih harus dibayar                                          159.061                                 132.944                              Accrued interest payable

  Total                                                                   325.758                                 315.810                                                           Total

    Bunga yang masih harus dibayar terdiri dari:                                                          Accrued interest payable consists of:
                                                         31 Desember 2025/                   31 Desember 2024/
                                                         December 31, 2025                   December 31, 2024

  Deposito                                                                  95.854                                  95.960                                                Deposits
  Surat berharga diterbitkan                                                46.467                                  22.146                                       Securities issued
  Pinjaman yang diterima                                                    16.740                                  14.332                                            Borrowings
  Interbank call money                                                           -                                     502                                   Interbank call money
  Lain-lain                                                                      -                                       4                                                  Others

  Total                                                                   159.061                                 132.944                                                           Total

    Pengungkapan liabilitas sewa pada                                   tanggal                          Lease liabilities disclosed as of December 31, 2025
    31 Desember 2025 sebagai berikut:                                                                    are as follows:
                                   Saldo awal                                                 Beban bunga          Liabilitas sewa         Saldo akhir
                                 1 Januari 2025/     Penambahan            Modifikasi         atas liabilitas         yang telah        31 Desember 2025/
                                    Beginning       liabilitas sewa/    liabilitas sewa/      sewa/Interest          dibayarkan/             Ending
                                     balance           Addition of      Modification of        expense on          Lease liabilities        balance
  Kategori aset pendasar         January 1, 2025    lease liabilities   lease liabilities    lease liabilities           paid           December 31, 2025       Category of underlying asset
  Bangunan                               162.677                   -                   -               13.897                (31.089)              145.485                          Building
  Kendaraan                               20.189              18.158                (724)               2.003                (18.414)               21.212                          Vehicles
                                         182.866              18.158                (724)              15.900                (49.503)              166.697



    Pengungkapan liabilitas sewa pada                                   tanggal                           Lease liabilities disclosed as of December 31, 2024
    31 Desember 2024 sebagai berikut:                                                                     are as follows:
                                   Saldo awal                                                 Beban bunga          Liabilitas sewa         Saldo akhir
                                 1 Januari 2024/     Penambahan            Modifikasi         atas liabilitas         yang telah        31 Desember 2024/
                                    Beginning       liabilitas sewa/    liabilitas sewa/      sewa/Interest          dibayarkan/             Ending
                                     balance           Addition of      Modification of        expense on          Lease liabilities        balance
  Kategori aset pendasar         January 1, 2024    lease liabilities   lease liabilities    lease liabilities           paid           December 31, 2024       Category of underlying asset
  Bangunan                               175.223               3.048              (1.598)              15.280                (29.276)              162.677                          Building
  Kendaraan                               28.858               8.757                 (12)               1.760                (19.174)               20.189                          Vehicles
                                         204.081              11.805              (1.610)              17.040                (48.450)              182.866


                                                                                      88
Page 946
                                                                            The original financial statements included herein are in
                                                                                                              Indonesian language.

          PT BANK MANDIRI TASPEN                                               PT BANK MANDIRI TASPEN
     CATATAN ATAS LAPORAN KEUANGAN                                        NOTES TO THE FINANCIAL STATEMENTS
      Tanggal 31 Desember 2025 dan untuk                                       As of December 31, 2025 and
   Tahun yang Berakhir pada Tanggal Tersebut                                     for the Year Then Ended
        (Disajikan dalam jutaan Rupiah,                                      (Expressed in millions of Rupiah,
            kecuali dinyatakan lain)                                             unless otherwise stated)


22. BEBAN YANG MASIH HARUS DIBAYAR (lanjutan)                        22. ACCRUED EXPENSES (continued)

   Analisis jatuh tempo liabilitas lain-lain terkait sewa.               Maturity analysis of other liabilities related with
                                                                         leases.
                                            31 Desember 2025/      31 Desember 2024/
                                            December 31, 2025      December 31, 2024

  1 tahun                                              24.481                  28.684                                      1 year
  2 tahun                                              35.770                  27.486                                     2 years
  > 3 tahun                                           106.446                 126.696                                   > 3 years
  Total                                               166.697                 182.866                                        Total


23. LIABILITAS LAIN-LAIN                                             23. OTHER LIABILITIES

                                            31 Desember 2025/      31 Desember 2024/
                                            December 31, 2025      December 31, 2024

  Utang kepada pihak ketiga                            45.342                  52.663                   Payable to third parties
  Titipan penyelesaian transaksi                       45.241                  13.689                 Settlement of transactions
  Utang jasa profesional                               12.504                  14.919          Payable for professional services
  Utang jasa flagging                                   2.629                   6.133              Payable for flagging services
  Penerimaan klaim asuransi                                                                         Receipt of insurance claims
     yang belum dialokasikan                                 381               27.462            that have not been allocated
  Lain-lain                                                  775                1.519                                    Others
  Total                                               106.872                 116.385                                        Total



24. LIABILITAS IMBALAN KERJA                                         24. EMPLOYEE BENEFITS LIABILITIES

   Liabilitas imbalan kerja terdiri dari:                                Employee benefits liabilities consist of:

                                            31 Desember 2025/      31 Desember 2024/
                                            December 31, 2025      December 31, 2024

  Liabilitas kerja jangka pendek:                     209.959                 263.483                       Short-term benefit
  Imbalan pasca kerja:                                                                               Post-employment benefit
  Liabilitas program imbalan pasti                     78.572                  63.967             Defined benefit plan liabilities
  Liabilitas jangka panjang lainnya                    18.076                  16.366          Other long-term benefit liabilities
                                                       96.648                  80.333
  Total                                               306.607                 343.816                                       Total


   Liabilitas jangka pendek terdiri dari tunjangan                       Short-term employee benefits liabilities consist of
   kinerja keuangan bank dan tunjangan hari raya                         the allowance for bank’s financial performance and
   (THR).                                                                holiday entitlements (THR).

   Bank menyelenggarakan program pensiun manfaat                         The Bank organized defined benefit pension plans
   pasti bagi para karyawannya. Berdasarkan program                      for the employees. Under this program, employees
   ini, para karyawan berhak atas manfaat pensiun                        are entitled to a pension benefit based on the last
   berdasarkan gaji dasar terakhir atau gaji bersih yang                 basic salary or net salary received and the
   diterima dan masa kerja karyawan. Program                             employment period. The pension plan is managed
   pensiun ini dikelola oleh PT Asuransi Jiwa IFG (“IFG                  by PT Asuransi Jiwa IFG (“IFG Life”), a state-
   Life”), perusahaan asuransi jiwa milik negara, di                     owned life insurance company, under an annuity
   bawah suatu kontrak asuransi anuitas. Kontribusi                      insurance contract. Contributions are fully borne by
   ditanggung sepenuhnya oleh Bank. Tidak ada                            the Bank. No additional contributions are paid to
   kontribusi tambahan yang dibayarkan untuk IFG Life                    IFG Life for the year ended December 31, 2025
   untuk tahun yang berakhir pada tanggal                                and 2024.
   31 Desember 2025 dan 2024.


                                                              89
Page 947
                                                                                 The original financial statements included herein are in
                                                                                                                   Indonesian language.

          PT BANK MANDIRI TASPEN                                                  PT BANK MANDIRI TASPEN
     CATATAN ATAS LAPORAN KEUANGAN                                           NOTES TO THE FINANCIAL STATEMENTS
      Tanggal 31 Desember 2025 dan untuk                                          As of December 31, 2025 and
   Tahun yang Berakhir pada Tanggal Tersebut                                        for the Year Then Ended
        (Disajikan dalam jutaan Rupiah,                                         (Expressed in millions of Rupiah,
            kecuali dinyatakan lain)                                                unless otherwise stated)


24. LIABILITAS IMBALAN KERJA (lanjutan)                                 24. EMPLOYEE BENEFITS LIABILITIES (continued)
   Bank juga menyelenggarakan program pensiun                               The Bank also organized a defined contribution
   iuran    pasti  yang     dikelola   oleh  DPLK                           pension plan which is managed by DPLK
   PT AXA Mandiri Financial Services (DPLK Mandiri).                        PT AXA Mandiri Financial Services (DPLK
   Kontribusi Bank ke DPLK Mandiri adalah RpNihil                           Mandiri). The Bank's contributions to DPLK Mandiri
   masing-masing untuk tahun yang berakhir pada                             amounted to RpNil for the year ended December
   tanggal 31 Desember 2025 dan 2024.                                       31, 2025 and 2024, respectively.

   Liabilitas imbalan kerja pada tanggal 31 Desember                        The employee benefits liabilities as of December
   2025 dan 2024, dicatat berdasarkan perhitungan                           31, 2025 and 2024, are recorded based on the
   aktuaria yang dilakukan oleh Kantor Konsultan                            actuarial calculations performed by Kantor
   Aktuaria Nandi dan Sutama, aktuaris independen                           Konsultan Aktuaria Nandi dan Sutama, an
   dengan        nomor      laporan     masing-masing                       independent actuary with report numbers of
   001/LV/NSR/I/2026 tertanggal 2 Januari 2026 dan                          001/LV/NSR/I/2026 dated January 2, 2026 and
   13/LV/NSR/I/2025 tertanggal 10 Januari 2025.                             13/LV/NSR/I/2025 dated January 10, 2025,
                                                                            respectively.
                                              31 Desember 2025/      31 Desember 2024/
                                              December 31, 2025      December 31, 2024

  Usia Pensiun Normal                               57 tahun/years         57 tahun/years                     Normal Retirement Age
  Tingkat Diskonto                                          6,83%                  7,13%                               Discount Rate
  Tingkat Pengembalian Aset Program                         6,83%                  7,13%                   Rate of Return Plan Assets
  Tingkat Kenaikan Gaji                                     7,53%                  7,53%                       Salary Increment Rate
  Tingkat Mortalita                                   TMI IV 2019            TMI IV 2019                                Mortality Rate
  Tingkat Cacat                               5% dari TMI IV 2019/   5% dari TMI IV 2019/                              Disability Rate
                                              5% from TMI IV 2019    5% from TMI IV 2019
  Tingkat Pengunduran Diri:                                                                                         Resignation Rate:
     Usia kurang dari 30 tahun                  6% per tahun/year      6% per tahun/year                         Below 30 years old
     Usia 30 - 39 tahun                         5% per tahun/year      5% per tahun/year                           30 - 39 years old
     Usia 40 - 44 tahun                         3% per tahun/year      3% per tahun/year                           40 - 44 years old
     Usia 45 - 49 tahun                         2% per tahun/year      2% per tahun/year                           45 - 49 years old
     Usia 50 - 54 tahun                         1% per tahun/year      1% per tahun/year                           50 - 54 years old
     Usia 54 tahun ke atas                                    0%                     0%                          Above 54 years old

   a.    Liabilitas program imbalan pasti                                   a.    Defined benefit plan liabilities
         Jumlah liabilitas program imbalan pasti                                  The amount of the defined benefit plan liabilities
         berdasarkan perhitungan Aktuaria Independen                              based on the calculation of the Independent
         per tanggal 31 Desember 2025 dan 2024                                    Actuary as of December 31, 2025 and 2024 are
         adalah sebagai berikut:                                                  as follows:
         Liabilitas program imbalan pasti                                          Defined benefit plan liabilities
                                              31 Desember 2025/      31 Desember 2024/
                                              December 31, 2025      December 31, 2024

        Nilai kini liabilitas imbalan kerja               82.120                   67.606     Present value of defined plan liabilities
        Nilai wajar aset program                           (3.548)                 (3.639)                 Fair value of plan assets

        Liabilitas - neto                                  78.572                  63.967                             Liabilities - net

         Nilai kini liabilitas program imbalan pasti                              Present value of defined benefit plan
                                                                                  liabilities

                                              31 Desember 2025/      31 Desember 2024/
                                              December 31, 2025      December 31, 2024

        Saldo awal                                         67.606                  75.776                         Beginning balance
        Beban jasa kini                                    14.641                  12.779                        Current service cost
        Beban bunga                                         4.744                   5.217                           Interest expense
        Keuntungan (biaya) jasa lalu                          359                  (2.120)                          Past service cost
        Manfaat yang dibayarkan                            (8.071)                 (6.067)                              Benefits paid
        Kerugian (keuntungan) aktuarial:                                                                         Actuarial (gain) loss:
          Perubahan asumsi keuangan                         2.841                  (17.979)       Changes in financial assumptions
        Saldo akhir                                        82.120                  67.606                             Ending balance

                                                                90
Page 948
                                                                                The original financial statements included herein are in
                                                                                                                  Indonesian language.

          PT BANK MANDIRI TASPEN                                                PT BANK MANDIRI TASPEN
     CATATAN ATAS LAPORAN KEUANGAN                                         NOTES TO THE FINANCIAL STATEMENTS
      Tanggal 31 Desember 2025 dan untuk                                        As of December 31, 2025 and
   Tahun yang Berakhir pada Tanggal Tersebut                                      for the Year Then Ended
        (Disajikan dalam jutaan Rupiah,                                       (Expressed in millions of Rupiah,
            kecuali dinyatakan lain)                                              unless otherwise stated)


24. LIABILITAS IMBALAN KERJA (lanjutan)                                24. EMPLOYEE BENEFITS LIABILITIES (continued)

   a.    Liabilitas program imbalan pasti (lanjutan)                       a.    Defined benefit plan liabilities (continued)

         Beban (pendapatan) program imbalan pasti                                Defined benefit plan expenses (income)
                                               Tahun yang berakhir pada tanggal
                                             31 Desember/Year ended December 31,

                                                   2025                   2024

        Beban jasa kini                                   14.641                  12.779                         Current service cost
        Beban bunga                                        4.744                   5.217                            Interest expense
        Penghasilan bunga aset program                      (259)                   (300)           Interest income from plan assets
        Keuntungan (biaya) jasa lalu                         359                  (2.120)                          Past service cost
        Biaya pesangon pemutusan
          hubungan kerja                                   1.485                         -                               Termination
                                                          20.970                  15.576


         Rekonsiliasi perubahan liabilitas program                               Reconciliation of changes in the defined
         imbalan pasti selama tahun berjalan                                     benefit plan liabilities during the year
                                               Tahun yang berakhir pada tanggal
                                             31 Desember/Year ended December 31,

                                                   2025                   2024

        Saldo awal                                        63.967                  71.453                        Beginning balance
        Beban (pendapatan) imbalan kerja                                                       Employee benefits expense (income)
          pada laporan laba rugi                          20.970                  15.576         on the statement of profit or loss
        Beban (pendapatan) imbalan kerja
          pada penghasilan komprehensif                                                        Employee benefits expense (income)
          lain                                             3.191                  (16.995)       on other comprehensive income
        Manfaat yang dibayarkan oleh Bank                 (9.556)                  (6.067)                   Benefit paid by Bank
        Saldo akhir                                       78.572                  63.967                             Ending balance


        Mutasi nilai wajar aset program                                          Movement of fair value of plan assets
                                            31 Desember 2025/       31 Desember 2024/
                                            December 31, 2025       December 31, 2024

        Saldo awal                                         3.639                    4.323                          Beginning balance
        Penghasilan bunga                                    259                      300                            Interest income
        Kerugian aktuarial                                                                                              Actuarial loss
          atas aset program                                 (350)                    (984)                          on plan assets

        Saldo akhir                                        3.548                    3.639                            Ending balance


         Perubahan dari pengukuran kembali aset                                  Changes in the remeasurement of plan
         program yang diakui pada penghasilan                                    assets  recognized   in  the   other
         penghasilan komprehensif lain                                           comprehensive income

                                            31 Desember 2025/       31 Desember 2024
                                            December 31, 2025       December 31, 2024

        Saldo awal                                     (23.526)                   (40.521)                         Beginning balance
        (Kerugian) keuntungan aktuarial
          atas liabilitas                                 (2.841)                 17.979            Actuarial (loss) gain on liabilities
        Kerugian aktuarial                                                                                              Actuarial loss
          atas aset program                                 (350)                    (984)                           on plan assets

        Saldo akhir                                    (26.717)                   (23.526)                           Ending balance




                                                               91
Page 949
                                                                                             The original financial statements included herein are in
                                                                                                                               Indonesian language.

          PT BANK MANDIRI TASPEN                                                              PT BANK MANDIRI TASPEN
     CATATAN ATAS LAPORAN KEUANGAN                                                       NOTES TO THE FINANCIAL STATEMENTS
      Tanggal 31 Desember 2025 dan untuk                                                      As of December 31, 2025 and
   Tahun yang Berakhir pada Tanggal Tersebut                                                    for the Year Then Ended
        (Disajikan dalam jutaan Rupiah,                                                     (Expressed in millions of Rupiah,
            kecuali dinyatakan lain)                                                            unless otherwise stated)


24. LIABILITAS IMBALAN KERJA (lanjutan)                                            24. EMPLOYEE BENEFITS LIABILITIES (continued)

   a.     Liabilitas program imbalan pasti (lanjutan)                                   a.       Defined benefit plan liabilities (continued)

          Seluruh portofolio investasi aset program pada                                       All of the investment portfolio of plan assets as
          tanggal 31 Desember 2025 dan 2024                                                    of December 31, 2025 and 2024 are placed in
          ditempatkan pada instrumen reksadana.                                                mutual fund instruments.

          Analisa sensitivitas nilai kini liabilitas                                           The sensitivity analysis of the present value
          program imbalan pasti (tidak diaudit)                                                of defined benefit plan liabilities (unaudited)
                                                              31 Desember 2025/December 31, 2025
                                                   Tingkat diskonto/                   Tingkat kenaikan gaji/
                                                     Discount rate                     Salary increment rate
                                            Kenaikan 1%/      Penurunan 1%/       Kenaikan 1%/       Penurunan 1%/
                                            Increase 1%        Decrease 1%        Increase 1%         Decrease 1%

        Dampak pada nilai kini liabilitas                                                                                        Impact on the present value of
          imbalan pasca kerja                      (8.787)             10.161                9.578              (8.472)   post-employment benefits liabilities
        Dampak pada beban jasa kini                (1.332)              1.568                1.487              (1.293)          Impact on current service cost

                                                              31 Desember 2024/December 31, 2024
                                                   Tingkat diskonto/                   Tingkat kenaikan gaji/
                                                     Discount rate                     Salary increment rate
                                            Kenaikan 1%/      Penurunan 1%/       Kenaikan 1%/       Penurunan 1%/
                                            Increase 1%        Decrease 1%        Increase 1%         Decrease 1%

        Dampak pada nilai kini liabilitas           (7.277)             8.428                7.950              (7.018)          Impact on the present value of
          imbalan pasca kerja                                                                                             post-employment benefits liabilities
        Dampak pada beban jasa kini                 (1.149)             1.349                1.280              (1.115)          Impact on current service cost


          Analisa profil jatuh tempo pembayaran                                                Maturity      profile     analysis     of
          imbalan pasca kerja (tidak diaudit)                                                  payment     post     employment    benefit
                                                                                               (unaudited)
                                                  31 Desember 2025/             31 Desember 2024/
                                                  December 31, 2025             December 31, 2024

        1 tahun                                                     4.082                          1.683                                              1 year
        2 - 5 tahun                                                16.862                         15.873                                         2 - 5 years
        > 5 tahun                                               1.071.277                        923.893                                          > 5 years

        Total                                                   1.092.221                        941.449                                               Total


          Durasi rata-rata tertimbang dari nilai kini                                          The weighted average duration of the present
          liabilitas  imbalan   kerja pada    tanggal                                          value of employee benefits liabilities as of
          31 Desember 2025 dan 2024, masing-masing                                             December 31, 2025 and 2024, are 19.67 years
          adalah sebesar 19,67 tahun dan 19,61 tahun                                           and 19.61 years, respectively (unaudited).
          (tidak diaudit).

   b.     Liabilitas jangka panjang lainnya                                             b.     Other long-term benefit liabilities

          Rekonsiliasi perubahan liabilitas jangka                                             Reconciliation of other long-term benefit
          panjang lainnya selama tahun berjalan                                                liabilities during the year

                                                  31 Desember 2025/             31 Desember 2024/
                                                  December 31, 2025             December 31, 2024

        Saldo awal                                                 16.366                         14.138                            Beginning balance
        Beban imbalan kerja pada laporan                                                                                   Employee benefits expense
          laba rugi                                                  6.761                         9.447            on the statement of profit or loss
        Manfaat yang dibayarkan oleh Bank                           (5.051)                       (7.219)                    Benefits paid by the Bank

        Saldo akhir                                                18.076                         16.366                                 Ending balance




                                                                         92
Page 950
                                                                                               The original financial statements included herein are in
                                                                                                                                 Indonesian language.

           PT BANK MANDIRI TASPEN                                                               PT BANK MANDIRI TASPEN
      CATATAN ATAS LAPORAN KEUANGAN                                                        NOTES TO THE FINANCIAL STATEMENTS
       Tanggal 31 Desember 2025 dan untuk                                                       As of December 31, 2025 and
    Tahun yang Berakhir pada Tanggal Tersebut                                                     for the Year Then Ended
         (Disajikan dalam jutaan Rupiah,                                                      (Expressed in millions of Rupiah,
             kecuali dinyatakan lain)                                                             unless otherwise stated)


24. LIABILITAS IMBALAN KERJA (lanjutan)                                             24. EMPLOYEE BENEFITS LIABILITIES (continued)

   b.      Liabilitas jangka panjang lainnya (lanjutan)                                   b.     Other    long-term           benefit        liabilities
                                                                                                 (continued)

           Beban imbalan jangka panjang lainnya                                                  Other long-term benefits expenses

                                                       Tahun yang berakhir pada tanggal
                                                     31 Desember/Year ended December 31,

                                                               2025                       2024

          Beban jasa kini                                              3.034                       2.956                       Current service cost
          Beban bunga                                                  1.167                         982                           Interest expense
          Kerugian aktuarial atas liabilitas                           2.560                       5.509                  Actuarial loss on liabilities

          Total                                                        6.761                       9.447                                         Total


           Nilai kini liabilitas jangka panjang lainnya                                          The present value of other long-term
                                                                                                 liabilities

                                                   31 Desember 2025/            31 Desember 2024/
                                                   December 31, 2025            December 31, 2024

          Saldo awal                                                  16.366                      14.138                          Beginning balance
          Beban jasa kini                                              3.034                       2.956                        Current service cost
          Beban bunga                                                  1.167                         982                            Interest expense
          Manfaat yang dibayarkan                                     (5.051)                     (7.219)                                Benefit paid
          Kerugian aktuarial atas liabilitas                           2.560                       5.509                Actuarial losses on liabilities

          Saldo akhir                                                 18.076                      16.366                            Ending balance


25. MODAL SAHAM                                                                     25. CAPITAL STOCK

   Modal Dasar, Ditempatkan, dan Disetor                                                  Authorized, Issued, and Fully Paid Capital

   Rincian    pemegang      saham   Bank    dan                                           The details of Bank’s shareholders and their
   kepemilikannya pada tanggal 31 Desember 2025                                           respective ownership interest as of December 31,
   dan 2024 adalah sebagai berikut:                                                       2025 and 2024 are as follows:
                                         Jumlah Saham
                                        Ditempatkan dan                                         Persentase
                                         Disetor Penuh/                                        kepemilikan/
                                        Total Issued and                Jumlah/                 Percentage
                                        Fully Paid Shares               Amount                 of ownership

  PT Bank Mandiri (Persero) Tbk                 837.303.519                     418.652                51,10%           PT Bank Mandiri (Persero) Tbk
  PT Taspen (Persero)                           793.687.754                     396.844                48,44%                    PT Taspen (Persero)
  Ida Bagus Made Putra Jandhana                   7.617.432                       3.808                 0,46%         Ida Bagus Made Putra Jandhana

  Total                                        1.638.608.705                    819.304              100,00%                                    Total



   Tambahan modal disetor                                                                   Additional Paid in Capital

   Tambahan modal disetor berasal dari selisih jumlah                                      The additional paid in capital is derived from the
   dana yang diterima oleh Bank untuk pembelian                                            difference in the amount of funds received by the
   saham Bank dengan nilai nominal saham.                                                  Bank for the purchase of the Bank’s shares with a
                                                                                           nominal value of the shares.




                                                                           93
Page 951
                                                                       The original financial statements included herein are in
                                                                                                         Indonesian language.

          PT BANK MANDIRI TASPEN                                         PT BANK MANDIRI TASPEN
     CATATAN ATAS LAPORAN KEUANGAN                                  NOTES TO THE FINANCIAL STATEMENTS
      Tanggal 31 Desember 2025 dan untuk                                 As of December 31, 2025 and
   Tahun yang Berakhir pada Tanggal Tersebut                               for the Year Then Ended
        (Disajikan dalam jutaan Rupiah,                                (Expressed in millions of Rupiah,
            kecuali dinyatakan lain)                                       unless otherwise stated)


26. PENGGUNAAN LABA BERSIH                                       26. APPROPRIATION OF NET INCOME

   Penggunaan laba bersih untuk tahun 2024 dan 2023                 The appropriations of net income for the years 2024
   adalah sebagai berikut:                                          and 2023 are as follows:

   Penggunaan laba bersih tahun 2024                                Appropriation of net income year 2024

   Berdasarkan Berita Acara Keputusan Para                          Based on Statement of Annual General Meeting of
   Pemegang Saham Diluar Rapat Umum Pemegang                        Shareholders No. 27 dated June 30, 2025 by Notary
   Saham Tahunan No. 27 tanggal 30 Juni 2025 yang                   Zulkifli Harahap, S.H., Notary in Jakarta, the
   dibuat oleh Notaris Zulkifli Harahap, S.H., Notaris di           shareholders agreed to distribute the net income of
   Jakarta, pemegang saham menyetujui untuk                         the fiscal year 2024 amounting Rp157,755 as
   menyisihkan laba tahun buku 2024 sebesar                         dividend to shareholders and Rp1,419,795 will be
   Rp157.755 sebagai dividen kepada pemegang                        included as retained earnings.
   saham dan Rp1.419.795 akan dimasukkan sebagai
   saldo laba.

   Penggunaan laba bersih tahun 2023                                Appropriation of net income year 2023

   Berdasarkan Berita Acara Keputusan Para                          Based on Statement of Annual General Meeting of
   Pemegang Saham Diluar Rapat Umum Pemegang                        Shareholders No. 17 dated June 27, 2024 by Notary
   Saham Tahunan No. 17 tanggal 27 Juni 2024 yang                   Zulkifli Harahap, S.H., Notary in Jakarta, the
   dibuat oleh Notaris Zulkifli Harahap, S.H., Notaris di           shareholders agreed to distribute the net income of
   Jakarta, pemegang saham menyetujui untuk                         the fiscal year 2023 amounting Rp140,940 as
   menyisihkan laba tahun buku 2023 sebesar                         dividend to shareholders and Rp1,268,463 will be
   Rp140.940 sebagai dividen kepada pemegang                        included as retained earnings.
   saham dan Rp1.268.463 akan dimasukkan sebagai
   saldo laba.

   Cadangan Umum                                                    General Reserves

   Pada tanggal 31 Desember 2025 dan 2024, saldo                    As of December 31, 2025 and 2024, the balance of
   cadangan      umum     masing-masing      sebesar                general reserve amounted to Rp163,861,
   Rp163.861. Cadangan umum ini dibentuk                            respectively. This general reserve was provided in
   sehubungan dengan Undang-Undang Republik                         relation with the Law of the Republic of Indonesia
   Indonesia No. 1/1995 yang telah digantikan dengan                No. 1/1995 which has been replaced with Law No.
   Undang-Undang No. 40/2007 efektif tanggal                        40/2007 effective on August 16, 2007 concerning
   16 Agustus 2007 mengenai Perseroan Terbatas,                     Limited Liability Company, which require companies
   yang mengharuskan perusahaan-perusahaan untuk                    to set up a provision for general reserves of at least
   membuat penyisihan cadangan umum sebesar                         20% of total issued and fully paid capital. There is
   sekurang-kurangnya 20% dari jumlah modal yang                    no timeline which this amount should be provided.
   ditempatkan dan disetor penuh. Undang-Undang
   tersebut tidak mengatur jangka waktu untuk
   penyisihan tersebut.




                                                            94
Page 952
                                                                   The original financial statements included herein are in
                                                                                                     Indonesian language.

          PT BANK MANDIRI TASPEN                                      PT BANK MANDIRI TASPEN
     CATATAN ATAS LAPORAN KEUANGAN                               NOTES TO THE FINANCIAL STATEMENTS
      Tanggal 31 Desember 2025 dan untuk                              As of December 31, 2025 and
   Tahun yang Berakhir pada Tanggal Tersebut                            for the Year Then Ended
        (Disajikan dalam jutaan Rupiah,                             (Expressed in millions of Rupiah,
            kecuali dinyatakan lain)                                    unless otherwise stated)


27. PENDAPATAN BUNGA                                         27. INTEREST INCOME

                                         Tahun yang berakhir pada tanggal
                                       31 Desember/Year ended December 31,

                                            2025                 2024

  Kredit yang diberikan                        5.586.935           5.234.577                                      Loans
  Efek-efek                                      744.844             632.325                                  Securities
  Efek-efek yang dibeli                                                                     Securities purchased under
    dengan janji dijual kembali                    148.547             223.078                   agreements to resell
  Giro dan penempatan                                                                 Current accounts and placements
    pada Bank Indonesia                             71.603              92.966                   with Bank Indonesia
  Giro dan penempatan                                                                 Current accounts and placements
    pada bank lain                                  22.170              15.386                       with other banks
  Total                                        6.574.099           6.198.332                                       Total


   Pendapatan bunga yang diterima dari pihak berelasi           Interest income from related parties for year ended
   untuk tahun yang berakhir pada tanggal-tanggal               December 31, 2025 and 2024 are Rp790,894 and
   31 Desember 2025 dan 2024 masing-masing                      Rp530,981 or 12.03% and 8.57% from total interest
   adalah sebesar Rp790.894 dan Rp530.981 atau                  income, respectively (Note 36).
   12,03% dan 8,57% dari jumlah pendapatan bunga
   (Catatan 36).
28. BEBAN BUNGA                                              28. INTEREST EXPENSES

                                         Tahun yang berakhir pada tanggal
                                       31 Desember/Year ended December 31,

                                            2025                2024

  Deposito                                     2.282.122           2.062.040                                    Deposits
  Pinjaman yang diterima                         330.020             393.813                                Borrowings
  Tabungan                                       137.066             143.024                            Saving deposits
  Surat berharga yang diterbitkan                140.101             132.991                           Securities issued
  Interbank call money                            12.126              12.853                       Interbank call money
  Giro                                             6.646               6.423                           Current accounts
  Repo                                               508               5.602                                        Repo
  Total                                        2.908.589           2.756.746                                       Total

   Beban bunga yang dibayarkan ke pihak berelasi                Interest expense from related parties for year ended
   untuk tahun yang berakhir pada tanggal-tanggal               December 31, 2025 and 2024 are Rp475,606 and
   31 Desember 2025 dan 2024 masing-masing                      Rp806,626 or 16.35% and 29.26% from total
   adalah sebesar Rp475.606 dan Rp806.626 atau                  interest expense, respectively (Note 36).
   16,35% dan 29,26% dari jumlah beban bunga
   (Catatan 36).
29. PENDAPATAN OPERASIONAL LAINNYA                           29. OTHER OPERATING INCOME

                                         Tahun yang berakhir pada tanggal
                                       31 Desember/Year ended December 31,

                                            2025                2024

  Pendapatan jasa administrasi                                                             Income from administration
    dan asuransi                                   164.522             136.479                and insurance services
  Penerimaan pokok kredit hapus buku               110.627             156.200          Recovery from written-off loans
  Pendapatan transaksi e-channel                    59.353              50.921       Income from e-channel transaction
  Pendapatan denda dan penalti dari
    pelunasan kredit sebelum                                                           Fines and penalties income from
    jatuh tempo                                     30.221              44.264                     loans prepayment
  Pendapatan administrasi                                                                        Administration income
    simpanan nasabah                                11.701               8.653                 on customer’s deposit
  Keuntungan penjualan efek-efek                     9.170               1.355                Gain on sale of securities
  Pendapatan atas transaksi dari                                                               Income from transaction
    simpanan nasabah                                 6.826               5.123                 on customer’s deposit
                                                        95
Page 953
                                                                     The original financial statements included herein are in
                                                                                                       Indonesian language.

           PT BANK MANDIRI TASPEN                                       PT BANK MANDIRI TASPEN
      CATATAN ATAS LAPORAN KEUANGAN                                NOTES TO THE FINANCIAL STATEMENTS
       Tanggal 31 Desember 2025 dan untuk                               As of December 31, 2025 and
    Tahun yang Berakhir pada Tanggal Tersebut                             for the Year Then Ended
         (Disajikan dalam jutaan Rupiah,                              (Expressed in millions of Rupiah,
             kecuali dinyatakan lain)                                     unless otherwise stated)


29. PENDAPATAN OPERASIONAL LAINNYA (lanjutan)                 29. OTHER OPERATING INCOME (continued)

                                           Tahun yang berakhir pada tanggal
                                         31 Desember/Year ended December 31,

                                             2025                2024

  Pendapatan dari penalti tabungan                                                              Income from penalties of
    dan deposito berjangka                            6.383               5.628              saving and time deposits
  Penerimaan kembali atas bunga kredit                                                Recovery of interest from written-off
    yang telah dihapusbukukan                         1.259               1.784                                   loans
  Lain-lain                                          16.698              10.559                                    Others

  Total                                             416.760             420.966                                      Total


30. PEMBENTUKAN     CADANGAN              KERUGIAN            30. PROVISION FOR IMPAIRMENT LOSSES
    PENURUNAN NILAI

                                           Tahun yang berakhir pada tanggal
                                         31 Desember/Year ended December 31,

                                             2025                2024

  Pembentukan cadangan
    kerugian penurunan                                                                                    Provision for
    nilai atas:                                                                                impairment losses on:
  Kredit yang diberikan (Catatan 10)                213.599              47.979                        Loans (Note 10)
  Komitmen dan kontinjensi                                2                  (5)          Commitment and contingencies
  Aset lain-lain                                          -                (675)                          Other assets

  Total                                             213.601              47.299                                      Total




31. BEBAN UMUM DAN ADMINISTRASI                               31. GENERAL AND ADMINISTRATIVE EXPENSES

                                           Tahun yang berakhir pada tanggal
                                         31 Desember/Year ended December 31,

                                             2025                2024

  Barang dan jasa                                   328.369             300.210                        Goods and services
  Premi penjaminan simpanan                         107.807              90.589              Deposit guarantee premium
  Penyusutan aset tetap (Catatan 12)                107.598             121.344     Depreciation of fixed assets (Note 12)
  Penyusutan aset hak guna                                                            Depreciation of rights of use assets
     (Catatan 12)                                    98.519              93.933                                  (Note 12)
  Iuran keanggotaan bank                             76.240              65.249                   Bank’s membership fee
  Promosi                                            57.175              61.878                                   Promotion
  Beban fee e-channel                                48.217              42.671                   Fee e-channel expense
  Sewa (Catatan 12)                                  27.435              26.799                            Rental (Note 12)
  Amortisasi aset tidak berwujud                                                        Amortization of intangible assets
     (Catatan 13)                                    15.074              21.347                                  (Note 13)
  Bahan bakar minyak                                 13.777              14.719                                        Fuel
  Pemeliharaan dan perbaikan                         12.646              12.831                Repairs and maintenance
  Beban flagging nasabah                              9.203               9.066               Customer flagging expense
  Beban pajak pertambahan nilai                       7.126               6.200                 Value added tax expense
  Biaya pemeliharaan ATM                              6.284               5.723                     ATM maintenance fee
  Beban asuransi                                      5.012               7.127                         Insurance expense
  Beban pajak final                                   3.415               3.302                           Final tax expense
  Beban retribusi                                     3.034               3.009                        Retribution expense
  Beban risiko operasional                            1.977               1.117                 Operational risk expense
  Beban jasa pihak ketiga                             1.211               1.389                       Third parties service
  Lain-lain (dibawah Rp1.000)                         4.055               3.443                  Others (below Rp1,000)

  Total                                             934.174             891.946                                      Total



                                                         96
Page 954
                                                                      The original financial statements included herein are in
                                                                                                        Indonesian language.

          PT BANK MANDIRI TASPEN                                        PT BANK MANDIRI TASPEN
     CATATAN ATAS LAPORAN KEUANGAN                                 NOTES TO THE FINANCIAL STATEMENTS
      Tanggal 31 Desember 2025 dan untuk                                As of December 31, 2025 and
   Tahun yang Berakhir pada Tanggal Tersebut                              for the Year Then Ended
        (Disajikan dalam jutaan Rupiah,                               (Expressed in millions of Rupiah,
            kecuali dinyatakan lain)                                      unless otherwise stated)


31. BEBAN UMUM DAN ADMINISTRASI (lanjutan)                     31. GENERAL AND ADMINISTRATIVE EXPENSES
                                                                   (continued)
   Adapun rincian dari lain-lain adalah sebagai                    Details of others are as follows:
   berikut:
                                          Tahun yang berakhir pada tanggal
                                        31 Desember/Year ended December 31,

                                             2025                 2024

  Beban pengelolaan giro dan kliring                    966                 999      Current account and clearing expense
  Beban penyisihan rekening tunda                       851                 208       Suspend account allowance expense
  Beban pengelolaan administrasi                                                                          Securities issued
    surat berharga                                      663                 544                  administration expense
  Beban administrasi transfer                           264                 232           Transfer administrative expense
  Beban pembatalan kredit                               246                 312                Credit cancellation expense
  Beban penanganan                                                                                    Non-performing loan
    kredit bermasalah                                   223                 389                          handling expense
  Beban akomodasi                                       153                 109                  Accommodation expense
  Beban administrasi BI-Fast                            130                 114            BI-Fast administrative expense
  Lain-lain                                             559                 536                                      Others

  Total                                                4.055               3.443                                      Total


   Beban umum dan administrasi yang dibayarkan ke                  General and administrative expense from related
   pihak berelasi untuk tahun yang berakhir pada                   parties for year ended December 31, 2025 and 2024
   tanggal-tanggal 31 Desember 2025 dan 2024                       are Rp12,349 and Rp12,584 or 1.32% and 1.41%
   masing-masing adalah sebesar Rp12.349 dan                       from total general and administrative expense,
   Rp12.584 atau 1,32% dan 1,41% dari jumlah beban                 respectively (Note 36).
   umum dan administrasi (Catatan 36).
32. BEBAN TENAGA KERJA                                         32. SALARIES EXPENSES
                                          Tahun yang berakhir pada tanggal
                                        31 Desember/Year ended December 31,

                                               2025               2024

  Gaji, upah, honorarium, dan                                                                  Employee’s salaries, wages,
    tunjangan karyawan                              338.055              304.023              honorarium, and allowance
  Biaya insentif dan bonus                          159.519              196.087                        Incentive and bonus
  Gaji dan upah tenaga kerja                                                                             Salaries and wages
    outsourcing                                     106.174               95.226                   outsourcing employees
  Tunjangan karyawan                                 73.191               65.204                      Employees allowance
  Gaji dan upah karyawan kontrak                     57.203               54.053   Salaries and wages contract employees
  Tunjangan hari raya                                55.924               54.114                          Holiday allowance
  Beban imbalan pasca kerja                          27.732               25.023        Post employment benefits expense
                                                                                               Directors and commissioners
  Gaji direksi dan komisaris                          23.608              24.298                            remunerations
  Pendidikan dan pelatihan                            22.406              25.862                      Education and training
  Asuransi kesehatan                                  17.225              15.037                           Health insurance
  Beban Car Ownership Programme                        5.486               5.248     Car Ownership Programme expenses
  Tunjangan PPh Pasal 21                               4.692               4.902              Income Tax Benefit Article 21
  Beban penerimaan pegawai                               917               1.108                      Recruitment expenses
  Lain-lain                                            1.557               1.867                                      Others

  Total                                             893.689              872.052                                      Total


   Lain-lain terdiri dari relokasi, uang duka dan beban            Others consist of relocation, condolences expenses
   tenaga kerja lainnya.                                           and other salaries expenses.




                                                          97
Page 955
                                                                        The original financial statements included herein are in
                                                                                                          Indonesian language.

           PT BANK MANDIRI TASPEN                                         PT BANK MANDIRI TASPEN
      CATATAN ATAS LAPORAN KEUANGAN                                  NOTES TO THE FINANCIAL STATEMENTS
       Tanggal 31 Desember 2025 dan untuk                                 As of December 31, 2025 and
    Tahun yang Berakhir pada Tanggal Tersebut                               for the Year Then Ended
         (Disajikan dalam jutaan Rupiah,                                (Expressed in millions of Rupiah,
             kecuali dinyatakan lain)                                       unless otherwise stated)


33. PENDAPATAN (BEBAN) NON OPERASIONAL -                        33. NON-OPERATING INCOME (EXPENSES) - NET
    NETO
                                          Tahun yang berakhir pada tanggal
                                        31 Desember/Year ended December 31,

                                              2025                  2024

  Sumbangan                                       (2.431)                   (2.981)                                  Donation
  Kegiatan olahraga dan kesenian                  (1.027)                   (1.173)                Sports, activities and arts
  Banten, sesari                                    (584)                     (564)                         Ritual expenses
  Keuntungan penjualan                                                                                     Gain on sale and
    dan pelepasan aset tetap                                                                       disposal of fixed assets
    (Catatan 12)                                          -                      7                                (Note 12)
  Lain-lain - neto                                    5.495                 (6.911)                               Others - net

  Total - neto                                        1.453                (11.622)                               Total - net


34. LABA PER SAHAM DASAR                                        34. BASIC EARNINGS PER SHARE
    Laba per saham dasar dihitung dengan membagi                    Basic earnings per share is computed by dividing
    laba tahun berjalan dengan rata-rata tertimbang                 the current year profit by the weighted average
    jumlah saham biasa yang beredar pada tahun                      number of common shares outstanding during the
    bersangkutan.                                                   year.
                                          Tahun yang berakhir pada tanggal
                                        31 Desember/Year ended December 31,

                                              2025                  2024

  Laba tahun berjalan                           1.581.080              1.577.550                          Income for the year
  Jumlah rata-rata tertimbang
    saham biasa yang beredar                                                                   Number of weighted average
    (nilai penuh)                           1.638.608.705           1.638.608.705         shares outstanding (full amount)

  Laba per saham                                                                                       Earnings per shares
    (nilai penuh)                                    964,89                 962,74                          (full amount)


    Pada tanggal 31 Desember 2025 dan 2024, Bank                    As of December 31, 2025 and 2024, Bank does not
    tidak memiliki efek yang bersifat dilutif.                      have shares with dilutive effect.

35. KOMITMEN DAN KONTINJENSI                                    35. COMMITMENTS AND CONTINGENCIES
    Akun-akun di bawah ini merupakan akun-akun yang                 The accounts below are accounts recorded in the
    dicatat di laporan posisi keuangan ekstra-komtabel              off balance sheet:
    (off balance sheet):
                                      31 Desember 2025/       31 Desember 2024/
                                      December 31, 2025       December 31, 2024

  KOMITMEN                                                                                                COMMITMENTS
  Liabilitas komitmen                                                                                  Commitment liabilities
     Fasilitas kredit nasabah yang
        belum ditarik                                                                                Unused loan facilities
        committed                                     1.136                  1.621                          committed

  Liabilitas komitmen - neto                          1.136                  1.621                Commitment liabilities - net

  KONTINJENSI                                                                                             CONTINGENCIES
  Tagihan kontinjensi                                                                                 Contingent receivables
    Pendapatan bunga dalam                                                                           Interest receivable on
       penyelesaian                               10.675                    32.268                  non-performing loan
    Kredit hapus buku                            912.319                   762.262                         Written-off loans

  Total tagihan kontinjensi - neto               922.994                   794.530         Total contingent receivables - net

  Tagihan komitmen dan                                                                   Commitments and contingencies
    kontinjensi - neto                           921.858                   792.909                  receivables - net

                                                         98
Page 956
                                                                         The original financial statements included herein are in
                                                                                                           Indonesian language.

          PT BANK MANDIRI TASPEN                                             PT BANK MANDIRI TASPEN
     CATATAN ATAS LAPORAN KEUANGAN                                      NOTES TO THE FINANCIAL STATEMENTS
      Tanggal 31 Desember 2025 dan untuk                                     As of December 31, 2025 and
   Tahun yang Berakhir pada Tanggal Tersebut                                   for the Year Then Ended
        (Disajikan dalam jutaan Rupiah,                                    (Expressed in millions of Rupiah,
            kecuali dinyatakan lain)                                           unless otherwise stated)


36. SIFAT DAN       TRANSAKSI        DENGAN    PIHAK           36. NATURE AND TRANSACTIONS WITH RELATED
    BERELASI                                                       PARTIES

   Sifat hubungan pihak berelasi                                    Nature of relationships with related parties

   Pihak-pihak berelasi adalah perusahaan dan                       Related parties are companies and individuals who
   perorangan     yang    mempunyai   keterkaitan                   have direct or indirect ownership or management
   kepemilikan atau kepengurusan secara langsung                    relationship with the Bank.
   maupun tidak langsung dengan Bank.

   Dalam kegiatan normal usaha, Bank melakukan                      In normal course of business, the Bank enters into
   transaksi dengan pihak berelasi adalah transaksi                 certain transactions with related parties which are
   perbankan seperti pada umumnya. Transaksi                        also general banking business transactions.
   dengan pihak berelasi tersebut dilaksanakan                      Transactions with related parties were conducted
   dengan syarat dan kondisi yang sama sebagaimana                  under terms and conditions similar to those granted
   dilakukan dengan pihak tidak berelasi, kecuali                   to third parties, except for loans to the Bank’s
   pinjaman yang diberikan kepada karyawan Bank.                    employee. The Bank gave similar interest rate for
   Bank memberikan suku bunga yang serupa untuk                     third party fund to related parties and third parties.
   dana pihak ketiga dengan pihak berelasi dan pihak                The Bank also used similar interest rate between
   ketiga. Bank juga menggunakan suku bunga yang                    related parties and third parties for the loans.
   serupa antara pihak berelasi dan pihak ketiga dalam
   rangka pemberian pinjaman yang diberikan.
                                        Sifat hubungan pihak berelasi/
                                          Nature of relationship with
    Pihak Berelasi/Related parties              related parties                          Transaksi/Transactions

  PT Bank Mandiri (Persero) Tbk        Entitas induk/                           Giro pada bank lain, simpanan pada bank
                                       Parent entity                            lain, pinjaman yang diterima, efek-efek
                                                                                yang dijual dengan janji dibeli kembali,
                                                                                pendapatan bunga, surat berharga yang
                                                                                diterbitkan, beban bunga/
                                                                                Current account with other bank, deposits
                                                                                from other bank, borrowings, securities sold
                                                                                under repurchase agreements,
                                                                                interest income, securities issued,
                                                                                interest expenses

  PT Bank Syariah Indonesia Tbk        Anak perusahaan                          Giro pada bank lain, pendapatan bunga/
                                       PT Bank Mandiri (Persero) Tbk/           Current account with other bank,
                                       Subsidiary of PT Bank                    interest income
                                       Mandiri (Persero) Tbk

  PT Bank Rakyat Indonesia             Badan Usaha Milik Negara/                Giro pada bank lain, pendapatan bunga,
      (Persero) Tbk                    State-Owned Company                      surat berharga yang diterbitkan,
                                                                                beban bunga/
                                                                                Current accounts with other bank,
                                                                                interest income, securities issued, interest
                                                                                expenses

  PT Asuransi Jasa Indonesia           Badan Usaha Milik Negara/                Simpanan nasabah, beban bunga/
      (Persero)                        State-Owned Company                      Deposits from customer, interest
                                                                                Expenses

  PT Taspen Abadi Sentosa              Anak perusahaan                          Simpanan nasabah, beban bunga/
                                       PT Taspen (Persero)/                     Deposits from customer, interest
                                       Subsidiary of                            expenses
                                       PT Taspen (Persero)

  PT Estika Daya Mandiri               Dikendalikan oleh entitas anak           Simpanan nasabah, beban bunga/
                                       PT Bank Mandiri (Persero) Tbk/           Deposits from customer, interest
                                       Controlled by Subsidiary of              expenses
                                       PT Bank Mandiri (Persero) Tbk



                                                         99
Page 957
                                                                           The original financial statements included herein are in
                                                                                                             Indonesian language.

          PT BANK MANDIRI TASPEN                                               PT BANK MANDIRI TASPEN
     CATATAN ATAS LAPORAN KEUANGAN                                        NOTES TO THE FINANCIAL STATEMENTS
      Tanggal 31 Desember 2025 dan untuk                                       As of December 31, 2025 and
   Tahun yang Berakhir pada Tanggal Tersebut                                     for the Year Then Ended
        (Disajikan dalam jutaan Rupiah,                                      (Expressed in millions of Rupiah,
            kecuali dinyatakan lain)                                             unless otherwise stated)


36. SIFAT DAN TRANSAKSI               DENGAN     PIHAK           36. NATURE AND TRANSACTIONS WITH RELATED
    BERELASI (lanjutan)                                              PARTIES (continued)

   Sifat hubungan pihak berelasi (lanjutan)                           Nature of relationships with related parties
                                                                      (continued)
                                         Sifat hubungan pihak berelasi/
                                           Nature of relationship with
    Pihak Berelasi/Related parties               related parties                           Transaksi/Transactions
   Pemerintah Republik Indonesia/        Pemegang Saham Akhir/                    Efek-efek, pendapatan bunga,
   Government of Republic Indonesia      Ultimate Shareholder                     aset lain-lain/
                                                                                  Securities, interest income,
                                                                                  other assets

   PT Dana Pensiun Karyawan Taspen       Anak perusahaan                          Surat berharga yang diterbitkan,
                                         PT Taspen (Persero)/                     beban bunga, simpanan nasabah/
                                         Subsidiary of                            Securities issued, interest expense,
                                         PT Taspen (Persero)                      deposits from customer

   Perum Jaminan Kredit Indonesia        Badan Usaha Milik Negara/                Simpanan nasabah, surat berharga yang
                                         State-Owned Company                      diterbitkan, beban bunga/
                                                                                  Deposits from customer, securities issued,
                                                                                  interest expenses

   PT Mandiri Tunas Finance              Dikendalikan oleh                        Simpanan nasabah, beban bunga/
                                         PT Bank Mandiri (Persero) Tbk/           Deposits from customer, interest
                                         Controlled by PT Bank                    expenses
                                         Mandiri (Persero) Tbk

   PT Mandiri Utama Finance              Dikendalikan oleh                        Simpanan nasabah, beban bunga,
                                         PT Bank Mandiri (Persero) Tbk/           aset lain-lain/Deposits from customer, interest
                                         Controlled by PT Bank                    expenses, other assets
                                         Mandiri (Persero) Tbk

   PT Asuransi Jiwa Inhealth Indonesia   Entitas Anak dari Badan Usaha            Simpanan nasabah, surat berharga yang
                                         Milik Negara/Subsidiary of               diterbitkan, beban bunga, biaya dibayar
                                         State-Owned Company                      dimuka/Deposits from customer, securities
                                                                                  issued, interest expenses, prepaid expenses

   PT Asuransi Kredit Indonesia          Badan Usaha Milik Negara/                Aset lain-lain, simpanan nasabah,
      (Persero)                          State-Owned Company                      beban bunga/Other assets,
                                                                                  deposits from customer, interest
                                                                                  expenses

   PT Pos Indonesia (Persero)            Badan Usaha Milik Negara/                Simpanan nasabah, beban bunga,
                                         State-Owned Company                      Beban umum dan administrasi/
                                                                                  Deposits from customer, interest
                                                                                  expenses, general and
                                                                                  administrative expenses

  PT Indonesia Infrastructure            Badan Usaha Milik Negara/                Simpanan nasabah, beban bunga/
       Finance                           State-Owned Company                      Deposits from customer, interest
                                                                                  expenses

   PT Bank Tabungan Negara               Badan Usaha Milik Negara/                Surat berharga yang diterbitkan, pinjaman
      (Persero) Tbk                      State-Owned Company                      yang diterima, beban bunga/
                                                                                  Securities issued, borrowings,
                                                                                  interest expenses

   PT Reasuransi Indonesia Utama         Badan Usaha Milik Negara/                Surat berharga yang diterbitkan,
      (Persero)                          State-Owned Company                      simpanan nasabah, beban bunga/
                                                                                  Securities issued, deposits from customer,
                                                                                  interest expenses

   PT Asuransi Perisai Listrik           Entitas Anak dari Badan Usaha            Aset lain-lain, simpanan nasabah,
      Nasional                           Milik Negara/Subsidiary of               beban bunga, beban umum dan
                                         State-Owned Company                      administrasi/Other assets, deposits from
                                                                                  customer, interest expense, general and
                                                                                  administrative expenses

                                                         100
Page 958
                                                                          The original financial statements included herein are in
                                                                                                            Indonesian language.

          PT BANK MANDIRI TASPEN                                             PT BANK MANDIRI TASPEN
     CATATAN ATAS LAPORAN KEUANGAN                                      NOTES TO THE FINANCIAL STATEMENTS
      Tanggal 31 Desember 2025 dan untuk                                     As of December 31, 2025 and
   Tahun yang Berakhir pada Tanggal Tersebut                                   for the Year Then Ended
        (Disajikan dalam jutaan Rupiah,                                    (Expressed in millions of Rupiah,
            kecuali dinyatakan lain)                                           unless otherwise stated)


36. SIFAT DAN TRANSAKSI              DENGAN    PIHAK             36. NATURE AND TRANSACTIONS WITH RELATED
    BERELASI (lanjutan)                                              PARTIES (continued)

   Sifat hubungan pihak berelasi (lanjutan)                           Nature of relationships with related parties
                                                                      (continued)

                                        Sifat hubungan pihak berelasi/
                                          Nature of relationship with
    Pihak Berelasi/Related parties              related parties                           Transaksi/Transactions


  Pejabat Eksekutif Bank               Pejabat kunci manajemen/                  Simpanan nasabah, kredit yang diberikan,
                                       Key management personnel                  aset lain-lain, pendapatan bunga,
                                                                                 beban bunga/
                                                                                 Deposits from customer, loans, other assets,
                                                                                 interest income, interest expenses

  BPJS Ketenagakerjaan                 Badan Usaha Milik Negara/                 Surat berharga yang diterbitkan,
                                       State-Owned Company                       beban bunga/
                                                                                 Securities issued, interest expenses

  PT Mulia Sasmita Bhakti              Dikendalikan oleh Dana Pensiun            Simpanan nasabah, beban bunga/
                                       Bank Mandiri/Controlled by                Deposits from customer, interest
                                       Dana Pensiun Bank Mandiri                 expenses

  Dana Pensiun Bank Mandiri            PT Bank Mandiri (Persero) Tbk             Simpanan nasabah, beban bunga,
                                       sebagai pendiri/ PT Bank                  surat berharga yang diterbitkan/
                                       Mandiri (Persero) Tbk as founder          Deposits from customer, interest
                                                                                 expenses, securities issued

  PT Asuransi Jiwa Taspen              Anak perusahaan                           Simpanan nasabah, beban bunga,
                                       PT Taspen (Persero)/                      surat berharga yang diterbitkan/
                                       Subsidiary of                             Deposits from customer, interest
                                       PT Taspen (Persero)                       expenses, securities issued


  PT Usaha Gedung Mandiri              Dikendalikan oleh Dana Pensiun            Simpanan nasabah, beban bunga/
                                       Bank Mandiri/Controlled by                Deposits from customer, interest
                                       Dana Pensiun Bank Mandiri                 expenses

  PT Taspen (Persero)                  Pemegang saham dengan                     Biaya dibayar dimuka, simpanan nasabah,
                                       pengaruh signifikan/                      beban bunga, beban umum dan administrasi,
                                       Shareholder with significant influence    surat berharga yang diterbitkan/
                                                                                 Prepaid expense, deposits from customer,
                                                                                 interest expenses, general and
                                                                                 administrative expenses, securities issued

  PT Mandiri Manajemen Investasi       Dikendalikan oleh                         Efek-efek, simpanan nasabah, beban bunga/
                                       PT Bank Mandiri (Persero) Tbk/            Securities, deposits from customer,
                                       Controlled by PT Bank                     interest expenses
                                       Mandiri (Persero) Tbk

  PT Bumi Daya Plaza                   Dikendalikan oleh Dana Pensiun            Simpanan nasabah, beban bunga/
                                       Bank Mandiri/Controlled by                Deposits from customer, interest
                                       Dana Pensiun Bank Mandiri                 expenses

  PT Penjaminan Infrastruktur          Badan Usaha Milik Negara/                 Simpanan nasabah, beban bunga/
     Indonesia (Persero)               State-Owned Company                       Deposits from customer, interest
                                                                                 expenses

  PT Aero Globe Indonesia              Entitas Anak dari Badan Usaha             Simpanan nasabah, beban bunga/
                                       Milik Negara/Subsidiary of                Deposits from customer, interest
                                       State-Owned Company                       expenses




                                                        101
Page 959
                                                                         The original financial statements included herein are in
                                                                                                           Indonesian language.

          PT BANK MANDIRI TASPEN                                             PT BANK MANDIRI TASPEN
     CATATAN ATAS LAPORAN KEUANGAN                                      NOTES TO THE FINANCIAL STATEMENTS
      Tanggal 31 Desember 2025 dan untuk                                     As of December 31, 2025 and
   Tahun yang Berakhir pada Tanggal Tersebut                                   for the Year Then Ended
        (Disajikan dalam jutaan Rupiah,                                    (Expressed in millions of Rupiah,
            kecuali dinyatakan lain)                                           unless otherwise stated)


36. SIFAT DAN TRANSAKSI              DENGAN    PIHAK           36. NATURE AND TRANSACTIONS WITH RELATED
    BERELASI (lanjutan)                                            PARTIES (continued)

   Sifat hubungan pihak berelasi (lanjutan)                           Nature of relationships with related parties
                                                                      (continued)

                                        Sifat hubungan pihak berelasi/
                                          Nature of relationship with
    Pihak Berelasi/Related parties              related parties                          Transaksi/Transactions

  PT Asabri (Persero)                  Badan Usaha Milik Negara/                Simpanan nasabah, beban bunga,
                                       State Owned Company                      biaya dibayar dimuka, beban umum dan
                                                                                administrasi/Deposits from customer,
                                                                                interest expenses, prepaid expenses,
                                                                                general and administrative expenses

  Koperasi Kesehatan Pegawai dan       Dikendalikan oleh PT Bank                Surat berharga yang diterbitkan,
     Pensiunan Bank Mandiri            Mandiri (Persero) Tbk/                   beban bunga/
     (Mandiri Healthcare)              Controlled by PT Bank                    Securities issued, interest expenses
                                       Mandiri (Persero) Tbk

  PT Jasa Marga Bali Tol               Entitas Anak dari Badan Usaha            Simpanan nasabah, beban bunga/
                                       Milik Negara/Subsidiary of               Deposits from customer, interest
                                       State-Owned Company                      expenses

  PT Pengembangan Pariwisata           Badan Usaha Milik Negara/                Simpanan nasabah, beban bunga/
     Indonesia ITDC                    State-Owned Company                      Deposits from customer, interest
                                                                                expenses

  Reksa Dana Mandiri Investa           Dikendalikan oleh PT Mandiri             Simpanan nasabah, beban bunga,
     Pasar Uang                        Manajemen Investasi/                     surat berharga yang diterbitkan/
                                       Controlled by PT Mandiri                 Deposits from customer, interest
                                       Manajemen Investasi                      expenses, securities issued


  Reksa Dana Mandiri Kapital           Dikendalikan oleh PT Mandiri             Simpanan nasabah, beban bunga/
     Prima                             Manajemen Investasi/                     Deposits from customer, interest
                                       Controlled by PT Mandiri                 expenses
                                       Manajemen Investasi

  PT Mandiri Capital Indonesia         Dikendalikan oleh                        Simpanan nasabah, beban bunga/
                                       PT Bank Mandiri (Persero) Tbk/           Deposits from customer, interest
                                       Controlled by PT Bank                    expenses
                                       Mandiri (Persero) Tbk

  PT Pengelola Investama               Dikendalikan oleh Dana Pensiun           Simpanan nasabah, beban bunga/
     Mandiri                           Bank Mandiri/Controlled by               Deposits from customer, interest
                                       Dana Pensiun Bank Mandiri                expenses

  PT Sarana Multi                      Badan Usaha Milik Negara/                Simpanan nasabah, beban bunga/
     Infrastruktur (Persero)           State-Owned Company                      Deposits from customer, interest
                                                                                expenses

  PT Sarana Multigriya                 Badan Usaha Milik Negara/                Efek-efek, aset lain-lain, pendapatan
     Finansial (Persero)               State-Owned Company                      bunga, beban bunga, pinjaman yang diterima/
                                                                                Securities, other assets, interest
                                                                                income, interest expenses, borrowings

  PT Semen Tonasa                      Entitas Anak dari Badan Usaha            Simpanan nasabah, beban bunga/
                                       Milik Negara/Subsidiary of               Deposits from customer, interest
                                       State-Owned Company                      expenses

  BPJS Kesehatan                       Badan Usaha Milik Negara/                Simpanan nasabah, surat berharga yang
                                       State-Owned Company                      diterbitkan, beban bunga/
                                                                                Deposits from customer, securities issued,
                                                                                interest expenses



                                                       102
Page 960
                                                                              The original financial statements included herein are in
                                                                                                                Indonesian language.

           PT BANK MANDIRI TASPEN                                                 PT BANK MANDIRI TASPEN
      CATATAN ATAS LAPORAN KEUANGAN                                          NOTES TO THE FINANCIAL STATEMENTS
       Tanggal 31 Desember 2025 dan untuk                                         As of December 31, 2025 and
    Tahun yang Berakhir pada Tanggal Tersebut                                       for the Year Then Ended
         (Disajikan dalam jutaan Rupiah,                                        (Expressed in millions of Rupiah,
             kecuali dinyatakan lain)                                               unless otherwise stated)


36. SIFAT DAN TRANSAKSI                 DENGAN      PIHAK           36. NATURE AND TRANSACTIONS WITH RELATED
    BERELASI (lanjutan)                                                 PARTIES (continued)

   Sifat hubungan pihak berelasi (lanjutan)                              Nature of relationships with related parties
                                                                         (continued)

                                            Sifat hubungan pihak berelasi/
                                              Nature of relationship with
     Pihak Berelasi/Related parties                 related parties                           Transaksi/Transactions
  PT Pertamina Pedeve Indonesia             Entitas Anak dari Badan Usaha            Simpanan nasabah, beban bunga/
                                            Milik Negara/Subsidiary of               Deposits from customer, interest
                                            State-Owned Company                      expenses

  PT Hotel Indonesia Natour (Persero)       Badan Usaha Milik Negara/                Simpanan nasabah, beban bunga/
                                            State-Owned Company                      Deposits from customer, interest expenses

  PT AXA Mandiri Financial Services         Dikendalikan oleh                        Simpanan nasabah, beban bunga,
                                            PT Bank Mandiri (Persero) Tbk/           surat berharga yang diterbitkan/
                                            Controlled by PT Bank                    Deposits from customer, interest
                                            Mandiri (Persero) Tbk                    expenses, securities issued


  PT Gedung YKP Bank Exim                   Dikendalikan oleh Dana Pensiun           Simpanan nasabah, beban bunga/
                                            Bank Mandiri/Controlled by               Deposits from customer, interest expenses
                                            Dana Pensiun Bank Mandiri

  PT Yayasan Kesehatan Garuda               Entitas Anak dari Badan Usaha            Simpanan nasabah, beban bunga/
      Indonesia                             Milik Negara/Subsidiary of               Deposits from customer, interest expenses
                                            State-Owned Company

  PT Taspen Properti Indonesia              Entitas Anak dari PT Taspen              Simpanan nasabah, beban bunga/
                                            (Persero)/Subsidiary of PT Taspen        Deposits from customer, interest expenses
                                            (Persero)

  PT Reasuransi Indonesia Utama             Entitas Anak dari Badan Usaha            Simpanan nasabah, beban bunga/
                                            Milik Negara/Subsidiary of               Deposits from customer, interest expenses
                                            State-Owned Company

   Rincian saldo transaksi dengan pihak-pihak berelasi                   The details of transaction balances with related
   pada tanggal 31 Desember 2025 dan 2024 adalah                         parties as of December 31, 2025 and 2024 are as
   sebagai berikut:                                                      follows:
                                           31 Desember 2025/      31 Desember 2024/
                                           December 31, 2025      December 31, 2024
  ASET                                                                                                                   ASSETS
                                                                                                Current accounts with other banks
  Giro pada bank lain (Catatan 6)                      74.756                    47.978                                (Note 6)
  Efek-efek (Catatan 8)                            10.106.223                 8.152.897                       Securities (Note 8)
  Kredit yang diberikan (Catatan 10)                   15.257                    15.930                          Loans (Note 10)
  Biaya dibayar dimuka (Catatan 11)                     1.756                     1.892              Prepaid expenses (Note 11)
  Aset lain-lain (Catatan 14)                         181.538                   155.506                    Other assets (Note 14)

  Total aset kepada pihak berelasi                 10.379.530                 8.374.203            Total assets to related parties

  Persentase dari total aset                           14,21%                   12,64%                Percentage from total assets

  LIABILITAS                                                                                                        LIABILITIES
  Simpanan nasabah (Catatan 16)                      8.768.920                8.634.088         Deposits from customers (Note 16)
  Surat berharga
    yang diterbitkan                                   495.000                  397.000                           Securities issued
  Pinjaman yang diterima (Catatan 20)                1.500.000                3.000.000                       Borrowings (Note 20)
  Efek-efek yang dijual dengan janji                                                              Securities sold under repurchase
    dibeli kembali (Catatan 21)                              -                  225.076                    agreements (Note 21)

  Total liabilitas kepada pihak berelasi           10.763.920                12.256.164         Total liabilities to related parties

  Persentase dari total liabilitas                     16,92%                   20,97%              Percentage from total liabilities

                                                            103
Page 961
                                                                         The original financial statements included herein are in
                                                                                                           Indonesian language.

          PT BANK MANDIRI TASPEN                                            PT BANK MANDIRI TASPEN
     CATATAN ATAS LAPORAN KEUANGAN                                     NOTES TO THE FINANCIAL STATEMENTS
      Tanggal 31 Desember 2025 dan untuk                                    As of December 31, 2025 and
   Tahun yang Berakhir pada Tanggal Tersebut                                  for the Year Then Ended
        (Disajikan dalam jutaan Rupiah,                                   (Expressed in millions of Rupiah,
            kecuali dinyatakan lain)                                          unless otherwise stated)


36. SIFAT DAN TRANSAKSI              DENGAN        PIHAK           36. NATURE AND TRANSACTIONS WITH RELATED
    BERELASI (lanjutan)                                                PARTIES (continued)
   Sifat hubungan pihak berelasi (lanjutan)                           Nature of relationships with related parties
                                                                      (continued)
   Rincian saldo transaksi dengan pihak-pihak berelasi                The details of transaction balances with related
   pada tanggal 31 Desember 2025 dan 2024 adalah                      parties as of December 31, 2025 and 2024 are as
   sebagai berikut: (lanjutan)                                        follows: (continued)
                                              Tahun yang berakhir pada tanggal
                                             31 Desember/Year ended December 31,

                                                  2025               2024

  PENDAPATAN DAN BEBAN                                                                              INCOME AND EXPENSE

  Pendapatan bunga (Catatan 27)                       790.894               530.981                 Interest income (Note 27)

  Persentase dari total                                                                                       Percentage from
    pendapatan bunga                                  12,03%                 8,57%                     total interest income
  Beban bunga (Catatan 28)                            475.606               806.626               Interest expenses (Note 28)

  Persentase dari total                                                                                        Percentage from
    beban bunga                                       16,35%                29,26%                   total interest expenses
                                                                                                                   General and
  Beban umum dan administrasi (Catatan 31)               12.349              12.584      administrative expenses (Note 31)

  Persentase dari total beban umum                                                              Percentage from total general
    dan administrasi                                     1,32%               1,41%             and administrative expenses

   Jumlah remunerasi yang telah diterima oleh Dewan                   The total remuneration received by the Boards of
   Komisaris dan Direksi adalah sebagai berikut:                      Commissioners and Directors are as follows:

                                              Tahun yang berakhir pada tanggal
                                             31 Desember/Year ended December 31,

                                                  2025               2024

  Imbalan jangka pendek                                                                            Short-term compensations
    Direksi                                              31.786              55.216                     Boards of Directors
    Dewan Komisaris                                      11.946              26.475               Boards of Commissioners

  Total                                                  43.732              81.691                                      Total




                                                             104
Page 962
                                                                                                   The original financial statements included herein are in
                                                                                                                                     Indonesian language.

          PT BANK MANDIRI TASPEN                                                                  PT BANK MANDIRI TASPEN
     CATATAN ATAS LAPORAN KEUANGAN                                                           NOTES TO THE FINANCIAL STATEMENTS
      Tanggal 31 Desember 2025 dan untuk                                                          As of December 31, 2025 and
   Tahun yang Berakhir pada Tanggal Tersebut                                                        for the Year Then Ended
        (Disajikan dalam jutaan Rupiah,                                                         (Expressed in millions of Rupiah,
            kecuali dinyatakan lain)                                                                unless otherwise stated)


37. SEGMEN OPERASI                                                                    37. OPERATING SEGMENT

   Bank      telah   menyajikan   segmen     operasi                                        The Bank reports operating segment in a manner
   berdasarkan informasi yang disiapkan secara                                              consistent with the internal reporting provided for
   internal untuk pengambilan keputusan operasional.                                        operational decision making.

                                                    Tahun yang berakhir pada tanggal 31 Desember 2025/
                                                                 Year ended December 31, 2025
                                            Bali & Nusa                                                      Maluku &
                              Jawa*)         Tenggara       Sumatra        Sulawesi       Kalimantan          Papua         Total

   Laporan laba rugi                                                                                                                                      Statement of
      dan penghasilan                                                                                                                      profit or loss and other
      komprehensif lain                                                                                                                   comprehensive income

   Pendapatan bunga           4.490.613          448.662       842.696        394.250            270.443        127.435     6.574.099                Interest income
   Pendapatan operasional                                                                                                                            Other operating
     lainnya                    233.647           57.551        56.116         36.230             20.020         13.196       416.760                     income


   Total pendapatan           4.724.260          506.213       898.812        430.480            290.463        140.631     6.990.859                   Total income

   Beban bunga                (2.457.258)       (108.190)     (217.649)        (58.315)           (52.077)      (15.100)    (2.908.589)             Interest expense
   Pembentukan cadangan                                                                                                                                 Provision for
     kerugian penurunan                                                                                                                               impairment
     nilai                      (72.863)          (9.261)      (60.156)        (32.662)           (21.162)      (17.497)     (213.601)                     losses
   Beban operasional                                                                                                                                 Other operating
     lainnya                  (1.545.715)        (67.133)     (104.471)        (53.844)           (38.719)      (19.160)    (1.829.042)                 expenses

   Total beban                (4.075.836)       (184.584)     (382.276)       (144.821)          (111.958)      (51.757)    (4.951.232)                Total expense

   Pendapatan (beban)                                                                                                                         Non-operating income
     non operasional - neto        1908             (493)             38              -                 -               -       1.453           (expenses) - net

   Laba sebelum                                                                                                                                       Income before
      beban pajak               650.332          321.136       516.574        285.659            178.505         88.874     2.041.080               tax expenses
   Beban pajak                 (460.000)               -             -              -                  -              -      (460.000)                 Tax expenses

   Laba                                                                                                                                                      Income
      tahun berjalan            190.332          321.136       516.574        285.659            178.505         88.874     1.581.080                for the year




   *)    termasuk dalam segmen operasi Jawa terdapat beban,                                 *)      included in the Java operating segment the costs, income,
         pendapatan, aset dan liabilitas dari Kantor Pusat.                                         assets and liabilities from Head Office.




                                                                           105
Page 963
                                                                                                      The original financial statements included herein are in
                                                                                                                                        Indonesian language.

           PT BANK MANDIRI TASPEN                                                                     PT BANK MANDIRI TASPEN
      CATATAN ATAS LAPORAN KEUANGAN                                                              NOTES TO THE FINANCIAL STATEMENTS
       Tanggal 31 Desember 2025 dan untuk                                                             As of December 31, 2025 and
    Tahun yang Berakhir pada Tanggal Tersebut                                                           for the Year Then Ended
         (Disajikan dalam jutaan Rupiah,                                                            (Expressed in millions of Rupiah,
             kecuali dinyatakan lain)                                                                   unless otherwise stated)


37. SEGMEN OPERASI (lanjutan)                                                             37. OPERATING SEGMENT (continued)

    Bank     telah   menyajikan   segmen     operasi                                            The Bank reports operating segment in a manner
    berdasarkan informasi yang disiapkan secara                                                 consistent with the internal reporting provided for
    internal untuk pengambilan keputusan operasional                                            operational decision making (continued).
    (lanjutan).
                                                        Tahun yang berakhir pada tanggal 31 Desember 2024/
                                                                     Year ended December 31, 2024
                                                Bali & Nusa                                                     Maluku &
                                  Jawa*)         Tenggara       Sumatra        Sulawesi       Kalimantan         Papua          Total

   Laporan laba rugi                                                                                                                                         Statement of
      dan penghasilan                                                                                                                         profit or loss and other
      komprehensif lain                                                                                                                      comprehensive income

   Pendapatan bunga                2.873.435         593.452      1.248.227       794.102            427.593       261.523      6.198.332               Interest income
   Pendapatan operasional                                                                                                                               Other operating
     lainnya                        201.883           61.015         74.179        44.590             22.336        16.963       420.966                     income


   Total pendapatan                3.075.318         654.467      1.322.406       838.692            449.929       278.486      6.619.298                  Total income

   Beban bunga                    (2.341.770)        (93.570)      (202.922)       (57.771)          (45.250)      (15.463)    (2.756.746)             Interest expense
   Pembentukan cadangan                                                                                                                                    Provision for
     kerugian penurunan                                                                                                                                  impairment
     nilai                           (21.598)         28.563        (17.521)       (14.718)          (10.938)      (11.087)       (47.299)                    losses
   Beban operasional                                                                                                                                    Other operating
     lainnya                      (1.461.751)        (72.708)      (109.734)       (56.760)          (41.765)      (21.280)    (1.763.998)                 expenses

   Total beban                    (3.825.119)       (137.715)      (330.177)      (129.249)          (97.953)      (47.830)    (4.568.043)                Total expense

   Pendapatan (beban)                                                                                                                            Non-operating income
     non operasional - neto          (11.144)           (490)             12              -                -               -      (11.622)         (expenses) - net

   Laba sebelum                                                                                                                                          Income before
      beban pajak                   (760.945)        516.262        992.241       709.443            351.976       230.656      2.039.633              tax expenses
   Beban pajak                      (462.083)              -              -             -                  -             -       (462.083)                Tax expenses

   Laba                                                                                                                                                         Income
      tahun berjalan              (1.223.028)        516.262        992.241       709.443            351.976       230.656      1.577.550               for the year



                                                                31 Desember 2025/December 31, 2025

                                                Bali & Nusa                                                     Maluku &
                                  Jawa*)         Tenggara       Sumatra        Sulawesi       Kalimantan         Papua          Total

                                                                                                                                                           Statement of
  Laporan Posisi Keuangan                                                                                                                          financial position
  Kredit yang diberikan - bruto   18.596.359       5.169.359     12.129.396      7.761.153       4.236.384       2.638.065     50.530.716                 Loans - gross
  Total aset                      57.583.808       3.440.596      6.769.745      2.507.491       1.986.874         730.052     73.018.566                  Total assets

  Simpanan nasabah                41.057.120       3.082.920      6.231.406      2.214.756       1.804.748         639.623     55.030.573     Deposits from customers
  Total liabilitas                49.579.262       3.119.453      6.253.172      2.221.831       1.808.369         641.179     63.623.266                Total liabilities


                                                                31 Desember 2024/December 31, 2024

                                                Bali & Nusa                                                     Maluku &
                                  Jawa*)         Tenggara       Sumatra        Sulawesi       Kalimantan         Papua          Total

                                                                                                                                                           Statement of
  Laporan Posisi Keuangan                                                                                                                          financial position
  Kredit yang diberikan - bruto   16.881.600       4.917.013     11.132.666      7.124.590       3.829.908       2.375.638     46.261.415                 Loans - gross
  Total aset                      37.023.706       4.891.469     11.067.042      7.087.896       3.811.661       2.350.570     66.232.344                  Total assets

  Simpanan nasabah                36.760.820       2.902.724      5.105.965      1.943.661       1.541.982         569.395     48.824.547     Deposits from customers
  Total liabilitas                30.697.022       4.536.250     10.518.291      6.792.773       3.640.989       2.258.995     58.444.320                Total liabilities

    *)     termasuk dalam segmen operasi Jawa terdapat beban,                                   *)      included in the Java operating segment the costs, income,
           pendapatan, aset dan liabilitas dari Kantor Pusat.                                           assets and liabilities from Head Office.




                                                                               106
Page 964
                                                                      The original financial statements included herein are in
                                                                                                        Indonesian language.

          PT BANK MANDIRI TASPEN                                         PT BANK MANDIRI TASPEN
     CATATAN ATAS LAPORAN KEUANGAN                                  NOTES TO THE FINANCIAL STATEMENTS
      Tanggal 31 Desember 2025 dan untuk                                 As of December 31, 2025 and
   Tahun yang Berakhir pada Tanggal Tersebut                               for the Year Then Ended
        (Disajikan dalam jutaan Rupiah,                                (Expressed in millions of Rupiah,
            kecuali dinyatakan lain)                                       unless otherwise stated)


38. RISIKO KREDIT                                               38. CREDIT RISK
   Risiko kredit merupakan risiko yang terjadi akibat              Credit risk is the risk which is caused by the failure
   kegagalan debitur dan/atau pihak lain dalam                     of the debtor and/or other parties to meet obligations
   memenuhi kewajibannya kepada Bank. Untuk                        to the Bank. To manage the risks, the Bank
   mengelola risikonya, Bank mengukur risiko kredit                measures the credit risk from existing portfolio both
   dari portofolio yang ada baik secara kuantitatif                quantitatively and qualitatively. This is to minimize
   maupun kualitatif. Hal ini untuk memastikan                     possibility of losses from loans default, both for
   kemungkinan kerugian dari tidak dibayarnya kredit               individual and overall debtors.
   yang diberikan menjadi seminimal mungkin, baik
   untuk    debitur   individual  maupun      secara
   keseluruhan.

   Dalam melakukan pengelolaan risiko kredit, Bank                 In conducting credit risk management, the Bank
   berfokus pada beberapa unsur utama yang meliputi                focuses on several key elements that include risk-
   sumber daya risiko yang sadar risiko, kebijakan dan             conscious risk resources, prudent banking policies
   prosedur perkreditan yang mengutamakan prinsip                  and procedures, a transparent and tiered credit
   kehati-hatian, proses persetujuan kredit yang                   approval process by the Credit Committee, clear
   transparan dan berjenjang oleh Komite Kredit,                   criteria and risk measurement tools, equitable
   kriteria dan alat ukur risiko yang jelas, penyebaran            distribution of risks, complete administration and
   risiko yang merata, administrasi dan dokumentasi                documentation as well as continuous credit
   yang lengkap serta pengawasan kredit secara                     monitoring to maintain the loans.
   berkesinambungan untuk menjaga kualitas kredit
   yang diberikan.

   Bank melakukan pengawasan berkesinambungan                      The Bank conducts ongoing monitoring to identify
   untuk mengidentifikasi secara dini potensi risiko               early potential credit risks that may arise in order to
   kredit yang mungkin timbul sehingga dapat                       carry out efficient and effective rescue and
   dilakukan langkah-langkah penyelamatan maupun                   resolution measures.
   penyelesaian yang efisien dan efektif.

   Dalam mengelola risiko kredit pensiun, Bank juga                In the managing pension credit risk, the Bank also
   mempertimbangkan kinerja sumber pembayaran                      take into consideration the performance of payment
   dari klaim asuransi. Secara berkala, Bank menilai               sources arising from insurance claims. Periodically,
   kemampuan pembayaran dari asuransi atas klaim                   the bank evaluates the capacity of insurance
   yang telah di tagihkan kepada asuradur dan                      companies to fulfill repayment obligations for
   melakukan penyesuaian cadangan kerugian                         submitted claims and makes requisite adjustments
   penurunan nilai ketika bank menilai adanya pihak                to the allowance for impairment losses when
   asuransi yang tidak dapat membayarkan klaim                     instances arise where insurers are unable to meet
   tersebut.                                                       their payment obligations.

   Sistem pengelolaan manajemen risiko kredit Bank                 The Bank's credit risk management system has
   telah dibakukan dalam suatu pedoman dan dikaji                  been standardized in a guideline and reviewed
   secara periodik.                                                periodically.




                                                          107
Page 965
                                                                                                  The original financial statements included herein are in
                                                                                                                                    Indonesian language.

           PT BANK MANDIRI TASPEN                                                                    PT BANK MANDIRI TASPEN
      CATATAN ATAS LAPORAN KEUANGAN                                                             NOTES TO THE FINANCIAL STATEMENTS
       Tanggal 31 Desember 2025 dan untuk                                                            As of December 31, 2025 and
    Tahun yang Berakhir pada Tanggal Tersebut                                                          for the Year Then Ended
         (Disajikan dalam jutaan Rupiah,                                                           (Expressed in millions of Rupiah,
             kecuali dinyatakan lain)                                                                  unless otherwise stated)


38. RISIKO KREDIT (lanjutan)                                                               38. CREDIT RISK (continued)

   a.(i)    Eksposur maksimum risiko kredit tanpa                                              a.(i) Maximum exposure to credit risk without
            memperhitungkan  pendukung      kredit                                                   taking into account other credit
            lainnya                                                                                  enhancements
            Eksposur risiko kredit terhadap aset pada                                                   Credit risk exposure on assets in the
            laporan posisi keuangan pada tanggal                                                        statement of financial position as of
            31 Desember 2025 dan 2024 adalah sebagai                                                    December 31, 2025 and 2024 are as follows:
            berikut:
                                                        Eksposur maksimum/Maximum exposure

                                                       31 Desember 2025/                 31 Desember 2024/
                                                       December 31, 2025                 December 31, 2024

           Giro pada Bank Indonesia                                   1.283.107                   3.122.333           Current accounts with Bank Indonesia
           Giro pada bank lain - neto                                    74.755                      47.977          Current accounts with other banks - net
           Penempatan pada Bank Indonesia                                                                                  Placements with Bank Indonesia
             dan bank lain                                            6.361.889                   2.179.682                               and other banks
           Efek-efek - neto                                                                                                                   Securities - net
             Nilai wajar melalui laporan laba rugi                       594.431                               -             Fair value through profit or loss
             Nilai wajar melalui penghasilan                                                                                            Fair value through
                komprehensif lain                                     7.950.476                   5.506.736               other comprehensive income
             Biaya perolehan diamortisasi                             4.474.425                   7.222.557                                 Amortized cost
           Efek-efek yang dibeli                                                                                                       Securities purchased
             dengan janji dijual kembali                             1.014.855                    1.277.381                     under agreement to resell
           Kredit yang diberikan - neto                             49.760.287                   45.443.901                                      Loans - net
           Aset lain-lain*) - neto                                     479.570                      418.534                             Other assets*) - net
           Total                                                    71.993.795                   65.219.101                                                          Total


           *)   Aset lain-lain terdiri dari pendapatan bunga yang masih akan                       *)    Other assets consist of accrued interest receivables, insurance claim
                diterima, tagihan klaim asuransi, tagihan transaksi ATM, tagihan                         receivables, ATM receivables, receivables to third parties and security
                kepada pihak ketiga dan setoran jaminan.                                                 deposits.


                                                        Eksposur maksimum/Maximum exposure

                                                       31 Desember 2025/                 31 Desember 2024/
                                                       December 31, 2025                 December 31, 2024

           Fasilitas kredit yang diberikan
             yang belum digunakan
             (committed)                                                    1.137                       1.621                Unused loan facilities (committed)

            Tabel di atas menggambarkan eksposur                                                        The table above illustrates maximum
            maksimum atas risiko kredit bagi Bank pada                                                  exposure to credit risk for the Bank as of
            tanggal 31 Desember 2025 dan 2024, tanpa                                                    December 31, 2025 and 2024, without taking
            memperhitungkan pendukung kredit lainnya.                                                   into account any other credit enhancement.
            Manajemen yakin akan kemampuan Bank                                                         Management believes that the Bank has the
            untuk mengendalikan dan memelihara                                                          ability to control and maintain credit risk
            eksposur risiko kredit yang berasal dari kredit                                             exposures derived from loans granted based
            yang diberikan berdasarkan hal-hal sebagai                                                  on the following:
            berikut:
            -   Bank telah memiliki pedoman tertulis                                                    -   The Bank has written guidelines on credit
                mengenai kebijakan dan proses kredit                                                        policies and processes covering all
                yang mencakup seluruh aspek pemberian                                                       aspects of credit disbursement. Each
                kredit yang dilakukan. Setiap pemberian                                                     credit granted must always refer to the
                kredit harus senantiasa mengacu pada                                                        policy.
                kebijakan tersebut.
            -      Pemantauan kredit yang disiplin.                                                     - The Bank implements strict of credit
                                                                                                          monitoring.




                                                                                   108
Page 966
                                                                                                            The original financial statements included herein are in
                                                                                                                                              Indonesian language.

           PT BANK MANDIRI TASPEN                                                                            PT BANK MANDIRI TASPEN
      CATATAN ATAS LAPORAN KEUANGAN                                                                     NOTES TO THE FINANCIAL STATEMENTS
       Tanggal 31 Desember 2025 dan untuk                                                                    As of December 31, 2025 and
    Tahun yang Berakhir pada Tanggal Tersebut                                                                  for the Year Then Ended
         (Disajikan dalam jutaan Rupiah,                                                                   (Expressed in millions of Rupiah,
             kecuali dinyatakan lain)                                                                          unless otherwise stated)


38. RISIKO KREDIT (lanjutan)                                                                     38. CREDIT RISK (continued)
   a.(ii) Analisis eksposur maksimum terhadap                                                           a.(ii) Analysis of maximum exposure to credit
          risiko kredit setelah memperhitungkan                                                                risk after taking into account other credit
          pendukung kredit lainnya                                                                             enhancements
           Nilai tercatat dari aset keuangan Bank selain                                                           The carrying amount of the Bank's financial
           kredit yang diberikan dan efek-efek yang                                                                assets other than loans and securities
           dibeli    dengan      janji  dijual  kembali                                                            purchased under agreements to resell
           menggambarkan eksposur maksimum atas                                                                    represents the maximum exposure to credit
           risiko kredit.                                                                                          risk.
           Untuk kredit yang diberikan segmen Retail                                                               For loans in Retail and Micro segment, the
           dan Mikro, Bank menggunakan agunan untuk                                                                Bank uses collateral to minimize credit risk.
           meminimalkan         risiko   kredit.    Bank                                                           The Bank determines the types and values of
           menetapkan jenis dan nilai agunan yang                                                                  collateral pledged under the credit scheme,
           dijaminkan sesuai skema kredit antara lain                                                              among others, physical collateral (land,
           physical collateral (tanah, bangunan) dan                                                               building) and financial collateral (saving
           financial collateral (tabungan, giro, deposito                                                          deposits, demand deposits, time deposits).
           berjangka).
           Apabila terjadi default (gagal bayar), Bank                                                             In the event of default, the Bank will use the
           akan menggunakan agunan tersebut sebagai                                                                collateral as the last resort in recovering the
           pilihan terakhir untuk pemenuhan kewajiban                                                              obligation of the counterparty.
           counterparty.

           Untuk      segmen       Pensiunan,    Bank                                                              For Pension segment, the Bank minimizes
           meminimalkan      risiko   kredit   dengan                                                              credit risk by requiring its customers to use a
           mewajibkan         nasabahnya         untuk                                                             bank account for the receipt of pensioner
           menggunakan rekening Bank sebagai                                                                       salaries. Additionally, for every credit
           rekening penerimaan gaji pensiun. Untuk                                                                 contract given, the Bank also requires its
           setiap kontrak kredit yang diberikan, Bank                                                              customers to have life insurance.
           juga mewajibkan nasabahnya untuk memiliki
           asuransi jiwa.
    b.     Konsentrasi risiko aset keuangan dengan                                                     b.          Concentration of risks of financial assets
           eksposur risiko kredit lokasi geografis                                                                 with credit risk exposure geographic
                                                                                                                   location
           Analisis paparan maksimum eksposur untuk                                                                The analysis of maximum exposure for credit
           risiko kredit berdasarkan lokasi geografis                                                              risk based on geographic location without
           tanpa memperhitungkan adanya agunan                                                                     taking into account any collateral held or
           yang dikuasai atau credit enhancement                                                                   other    credit   enhancement      as   of
           lainnya pada tanggal 31 Desember 2025 dan                                                               December 31, 2025 and 2024 is as follows:
           2024 adalah sebagai berikut:
                                                                         31 Desember 2025/December 31, 2025

                                                   Bali & Nusa                                                            Maluku &
                                    Jawa            Tenggara         Sumatra         Sulawesi         Kalimantan           Papua              Total

         Giro pada Bank                                                                                                                                             Current accounts with
             Indonesia               1.283.107                   -              -                -                  -                 -         1.283.107              Bank Indonesia
         Giro pada Bank                                                                                                                                             Current Accounts with
             Lain                       74.756                   -              -                -                  -                 -            74.756                 Other Banks
         Penempatan pada                                                                                                                                                  Placements with
             Bank Indonesia                                                                                                                                            Bank Indonesia
             dan Bank Lain           6.361.889                   -              -                -                  -                 -         6.361.889            and Other Banks
         Efek-efek                                                                                                                                                                Securities
             Nilai wajar melalui                                                                                                                                    Fair value through
             laporan laba rugi        594.431                    -              -                -                  -                 -          594.431                  profit or loss
             Nilai wajar melalui                                                                                                                                    Fair value through
             penghasilan                                                                                                                                         other comprehensive
             komprehensif lain       7.950.476                   -              -                -                  -                 -         7.950.476                       income
             Biaya perolehan
             diamortisasi            4.474.425                   -              -                -                  -                 -         4.474.425             Amortized cost
         Efek-efek                                                                                                                                                  Securities purchased
             yang dibeli dengan                                                                                                                                    Under Agreements
             janji dijual kembali    1.014.855                 -               -                -                 -                  -          1.014.855                    to resell
         Kredit yang diberikan      18.596.359         5.169.359      12.129.396        7.761.153         4.236.384          2.638.065         50.530.716                          Loans
         Aset lain-lain*)              304.326            35.925          63.910           40.066            21.821             13.522            479.570                 Other assets*)

         Total                      40.654.624         5.205.284      12.193.306        7.801.219         4.258.205          2.651.587         72.764.225                             Total

         Cadangan kerugian                                                                                                                                                 Provisions for
            penurunan nilai           (274.453 )         (94.518)       (186.640 )       (109.349 )         (62.797)           (42.673)          (770.430 )         impairment losses

         Neto                       40.380.171         5.110.766      12.006.666        7.691.870         4.195.408          2.608.914         71.993.795                               Net



          *)     Aset lain-lain terdiri dari pendapatan bunga yang masih akan                                 *)    Other assets consist of accrued interest receivables, insurance claim
                 diterima, tagihan klaim asuransi, tagihan transaksi ATM, tagihan                                   receivables, ATM receivables, receivables to third parties and security
                 kepada pihak ketiga dan setoran jaminan.                                                           deposits.




                                                                                     109
Page 967
                                                                                                                       The original financial statements included herein are in
                                                                                                                                                         Indonesian language.

           PT BANK MANDIRI TASPEN                                                                                      PT BANK MANDIRI TASPEN
      CATATAN ATAS LAPORAN KEUANGAN                                                                               NOTES TO THE FINANCIAL STATEMENTS
       Tanggal 31 Desember 2025 dan untuk                                                                              As of December 31, 2025 and
    Tahun yang Berakhir pada Tanggal Tersebut                                                                            for the Year Then Ended
         (Disajikan dalam jutaan Rupiah,                                                                             (Expressed in millions of Rupiah,
             kecuali dinyatakan lain)                                                                                    unless otherwise stated)


38. RISIKO KREDIT (lanjutan)                                                                               38. CREDIT RISK (continued)

    b.          Konsentrasi risiko aset keuangan dengan                                                         b.            Concentration of risks of financial assets
                eksposur risiko kredit lokasi geografis                                                                       with credit risk exposure geographic
                (lanjutan)                                                                                                    location (continued)
                Analisis paparan maksimum eksposur untuk                                                                      The analysis of maximum exposure for credit
                risiko kredit berdasarkan lokasi geografis                                                                    risk based on geographic location without
                tanpa memperhitungkan adanya agunan                                                                           taking into account any collateral held or
                yang dikuasai atau credit enhancement                                                                         other    credit   enhancement      as   of
                lainnya pada tanggal 31 Desember 2025 dan                                                                     December 31, 2025 and 2024 is as follows:
                2024 adalah sebagai berikut: (lanjutan)                                                                       (continued)
                                                                               31 Desember 2024/December 31, 2024

                                                     Bali & Nusa                                                                        Maluku &
                                      Jawa            Tenggara            Sumatra           Sulawesi           Kalimantan                Papua              Total

           Giro pada Bank                                                                                                                                                          Current accounts with
               Indonesia               3.122.333                   -                   -                   -                   -                     -        3.122.333               Bank Indonesia
           Giro pada Bank                                                                                                                                                          Current Accounts with
               Lain                       46.982               996                     -                   -                   -                     -           47.978                  Other Banks
           Penempatan pada                                                                                                                                                               Placements with
               Bank Indonesia                                                                                                                                                         Bank Indonesia
               dan Bank Lain           2.179.682                   -                   -                   -                   -                     -        2.179.682             and Other Banks
           Efek-efek                                                                                                                                                                             Securities
               Nilai wajar melalui                                                                                                                                                 Fair value through
               penghasilan                                                                                                                                                      other comprehensive
               komprehensif lain       5.506.736                   -                   -                   -                   -                     -        5.506.736                        income
               Biaya perolehan
               diamortisasi            7.222.557                   -                   -                   -                   -                     -        7.222.557              Amortized cost
           Efek-efek                                                                                                                                                               Securities purchased
               yang dibeli dengan                                                                                                                                                 Under Agreements
               janji dijual kembali    1.277.381                 -                   -                  -                    -                     -          1.277.381                     to resell
           Kredit yang diberikan      16.881.600         4.917.013          11.132.666          7.124.590            3.829.908             2.375.638         46.261.415                           Loans
           Aset lain-lain*)              260.557            27.786              59.983             37.643               20.118                12.447            418.534                  Other assets*)

           Total                      36.497.828         4.945.795          11.192.649          7.162.233            3.850.026             2.388.085         66.036.616                              Total

           Cadangan kerugian                                                                                                                                                              Provisions for
              penurunan nilai           (284.895 )        (113.158 )          (190.671 )         (116.156 )           (64.219)                (48.416)         (817.515 )          impairment losses

           Neto                       36.212.933         4.832.637          11.001.978          7.046.077          3.785.807               2.339.669         65.219.101                                Net



          *)       Aset lain-lain terdiri dari pendapatan bunga yang masih akan diterima,                               *)         Other assets consist of accrued interest receivables, insurance claim
                   tagihan klaim asuransi, tagihan transaksi ATM, tagihan kepada pihak                                             receivables, ATM receivables, receivables to third parties and security
                   ketiga dan setoran jaminan.                                                                                     deposits.


   c.     Konsentrasi risiko aset keuangan dengan                                                               c.      Concentration of risk of financial assets
          eksposur risiko kredit sektor industri                                                                        with exposure to credit risk industry sector

          Tabel berikut ini menggambarkan rincian                                                                       The following table illustrates the details of the
          eksposur kredit Bank pada nilai bruto (tanpa                                                                  Bank's credit exposure to gross value
          memperhitungkan       cadangan       kerugian                                                                 (excluding allowance for impairment losses
          penurunan nilai dan pendukung kredit lainnya),                                                                and other credit enhancements), categorized
          yang dikategorikan berdasarkan sektor industri                                                                by industrial sector as of December 31, 2025
          pada tanggal 31 Desember 2025 dan 2024.                                                                       and 2024.
                                                                                 31 Desember 2025/December 31, 2025
                                                                                             Pertanian,
                                                                                            Perburuan,
                                    Pemerintah        Lembaga                               dan Sarana
                                 (termasuk Bank      Keuangan                                Pertanian/
                                    Indonesia)/         Bank/                               Agriculture,       Jasa Dunia
                                   Government         Financial           Industri         Hunting, and          Usaha/
                                 (including Bank     Institution        Pengolahan/         Agriculture         Business              Lain-lain*)/
                                     Indonesia)         Bank           Manufacturing       Improvement          Services               Others*)             Total

        Giro pada Bank                                                                                                                                                             Current accounts with
          Indonesia                    1.283.107                 -                     -                   -                   -                     -        1.283.107              Bank Indonesia
        Giro pada bank lain                    -            74.756                     -                   -                   -                     -           74.756 Current accounts with other banks
        Penempatan
          pada Bank                                                                                                                                                                      Placements with
          Indonesia                                                                                                                                                                   Bank Indonesia
          dan bank lain                6.361.889                   -                   -                   -                   -                     -        6.361.889              and other banks
        Efek-efek                     13.019.332                   -                   -                   -                   -                     -       13.019.332                        Securities
        Efek-efek yang                                                                                                                                                              Securities purchased
          dibeli dengan                                                                                                                                                                         under
          janji dijual                                                                                                                                                                 agreements to
          kembali                      1.014.855                   -                   -                   -                   -                     -        1.014.855                         resell
        Kredit yang
          diberikan                           -                  -            363.080           7.695.071          5.093.868              37.378.697         50.530.716                           Loans
        Aset lain-lain**)               178.401                170              1.793              40.666             25.717                 232.823            479.570                   Other Assets**)
        Total                         21.857.584            74.926            364.873           7.735.737          5.119.585              37.611.520         72.764.225                              Total


          *)       Lain-lain merupakan sektor ekonomi selain industri pengolahan,                                       *)         Others are economic sectors other than manufacturing, agriculture,
                   pertanian, perburuan, dan sarana pertanian, dan jasa dunia usaha                                                hunting, and agriculture improvement, and business services in
                   sesuai dengan Catatan 10b.                                                                                      accordance with Note 10b.

          **)      Aset lain-lain terdiri dari pendapatan bunga yang masih akan diterima,                               **)        Other assets consist of accrued interest receivables, insurance claim
                   tagihan klaim asuransi, tagihan transaksi ATM, tagihan kepada pihak                                             receivables, ATM receivables, receivables to third parties and security
                   ketiga dan setoran jaminan.                                                                                     deposits.




                                                                                            110
Page 968
                                                                                                                          The original financial statements included herein are in
                                                                                                                                                            Indonesian language.

           PT BANK MANDIRI TASPEN                                                                                        PT BANK MANDIRI TASPEN
      CATATAN ATAS LAPORAN KEUANGAN                                                                                 NOTES TO THE FINANCIAL STATEMENTS
       Tanggal 31 Desember 2025 dan untuk                                                                                As of December 31, 2025 and
    Tahun yang Berakhir pada Tanggal Tersebut                                                                              for the Year Then Ended
         (Disajikan dalam jutaan Rupiah,                                                                               (Expressed in millions of Rupiah,
             kecuali dinyatakan lain)                                                                                      unless otherwise stated)


38. RISIKO KREDIT (lanjutan)                                                                                 38. CREDIT RISK (continued)

   c.     Konsentrasi risiko aset keuangan dengan                                                                 c.       Concentration of risk of financial assets
          eksposur risiko kredit sektor industri                                                                           with exposure to credit risk industry sector
          (lanjutan)                                                                                                       (continued)

          Tabel berikut ini menggambarkan rincian                                                                          The following table illustrates the details of the
          eksposur kredit Bank pada nilai bruto (tanpa                                                                     Bank's credit exposure to gross value
          memperhitungkan       cadangan       kerugian                                                                    (excluding allowance for impairment losses
          penurunan nilai dan pendukung kredit lainnya),                                                                   and other credit enhancements), categorized
          yang dikategorikan berdasarkan sektor industri                                                                   by industrial sector as of December 31, 2025
          pada tanggal 31 Desember 2025 dan 2024.                                                                          and 2024. (continued)
          (lanjutan)
                                                                                   31 Desember 2024/December 31, 2024
                                                                                               Pertanian,
                                                                                              Perburuan,
                                   Pemerintah        Lembaga                                  dan Sarana
                                (termasuk Bank      Keuangan                                   Pertanian/
                                   Indonesia)/         Bank/                                  Agriculture,       Jasa Dunia
                                  Government         Financial            Industri           Hunting, and          Usaha/
                                (including Bank     Institution         Pengolahan/           Agriculture         Business               Lain-lain*)/
                                    Indonesia)         Bank            Manufacturing         Improvement          Services                Others*)                 Total

        Giro pada Bank                                                                                                                                                                   Current accounts with
          Indonesia                   3.122.333                 -                      -                     -                    -                     -           3.122.333              Bank Indonesia
        Giro pada bank lain                   -            47.978                      -                     -                    -                     -              47.978 Current accounts with other banks
        Penempatan
          pada Bank                                                                                                                                                                            Placements with
          Indonesia                                                                                                                                                                         Bank Indonesia
          dan bank lain               2.179.682                    -                   -                     -                    -                     -           2.179.682              and other banks
        Efek-efek                    12.729.293                    -                   -                     -                    -                     -          12.729.293                        Securities
        Efek-efek yang                                                                                                                                                                    Securities purchased
          dibeli dengan                                                                                                                                                                               under
          janji dijual                                                                                                                                                                       agreements to
          kembali                     1.277.381                    -                   -                     -                    -                     -           1.277.381                         resell
        Kredit yang
          diberikan                          -                  -                380.242             7.229.427          4.338.628            34.313.118            46.261.415                          Loans
        Aset lain-lain**)              154.015                170                  1.700                38.909             22.281               201.459               418.534                  Other Assets**)
        Total                        19.462.704            48.148                381.942             7.268.336          4.360.909            34.514.577            66.036.616                            Total


          *)      Lain-lain merupakan sektor ekonomi selain industri pengolahan,                                           *)         Others are economic sectors other than manufacturing, agriculture,
                  pertanian, perburuan, dan sarana pertanian, dan jasa dunia usaha                                                    hunting, and agriculture improvement, and business services in
                  sesuai dengan Catatan 10b.                                                                                          accordance with Note 10b.

          **)     Aset lain-lain terdiri dari pendapatan bunga yang masih akan diterima,                                   **)        Other assets consist of accrued interest receivables, insurance claim
                  tagihan klaim asuransi, tagihan transaksi ATM, tagihan kepada pihak                                                 receivables, ATM receivables, receivables to third parties and security
                  ketiga dan setoran jaminan.                                                                                         deposits.


   d.     Kualitas kredit dari aset keuangan                                                                      d.        Credit quality from financial assets

          Pada tanggal 31 Desember 2025 dan 2024                                                                           As of December 31, 2025 and 2024 the
          eksposur risiko kredit atas aset keuangan                                                                        exposures to credit risk on financial assets are
          terbagi atas:                                                                                                    divided into:
                                                                                     31 Desember 2025/December 31, 2025

                                                                                                                                           Cadangan
                                                                                                                                            kerugian
                                                                                                                                         penurunan nilai/
                                                                                                                                          Allowance for
                                       Stage 1                    Stage 2                  Stage 3               Total                  impairment losses             Neto/Net

        Giro pada Bank                                                                                                                                                                    Current Account with
          Indonesia                        1.283.107                         -                         -           1.283.107                                 -              1.283.107       Bank Indonesia
                                                                                                                                                                                          Current Account with
        Giro pada Bank Lain                   74.756                         -                         -                 74.756                             (1 )              74.755          Other Banks
        Penempatan pada                                                                                                                                                                       Placements with
          Bank Indonesia                                                                                                                                                                    Bank Indonesia
          dan bank lain                    6.361.889                         -                         -           6.361.889                                 -              6.361.889      and other banks
        Efek-efek                         13.019.332                         -                         -          13.019.332                                 -             13.019.332                Securities
        Efek-efek yang dibeli                                                                                                                                                             Securities purchased
          dengan janji                                                                                                                                                                   under agreements
          dijual kembali                   1.014.855                         -                       -             1.014.855                             -                  1.014.855              to resell
        Kredit yang diberikan             50.013.134                   199.950                 317.632            50.530.716                      (770.429 )               49.760.287                    Loans
        Aset lain-lain*)                     478.013                     1.557                       -               479.570                             -                    479.570           Other Assets*)

        Total                             72.245.086                   201.507                 317.632            72.764.225                      (770.430 )               71.993.795                    Total



          *)      Aset lain-lain terdiri dari pendapatan bunga yang masih akan diterima,                           *)      Other assets consist of accrued interest receivables, insurance claim
                  tagihan klaim asuransi, tagihan transaksi ATM, tagihan kepada pihak                                      receivables, ATM receivables, receivables to third parties and security
                  ketiga dan setoran jaminan.                                                                              deposits.




                                                                                              111
Page 969
                                                                                                                  The original financial statements included herein are in
                                                                                                                                                    Indonesian language.

           PT BANK MANDIRI TASPEN                                                                               PT BANK MANDIRI TASPEN
      CATATAN ATAS LAPORAN KEUANGAN                                                                        NOTES TO THE FINANCIAL STATEMENTS
       Tanggal 31 Desember 2025 dan untuk                                                                       As of December 31, 2025 and
    Tahun yang Berakhir pada Tanggal Tersebut                                                                     for the Year Then Ended
         (Disajikan dalam jutaan Rupiah,                                                                      (Expressed in millions of Rupiah,
             kecuali dinyatakan lain)                                                                             unless otherwise stated)


38. RISIKO KREDIT (lanjutan)                                                                         38. CREDIT RISK (continued)

   d.     Kualitas kredit dari aset keuangan (lanjutan)                                                   d.        Credit quality                from        financial           assets
                                                                                                                    (continued)

          Pada tanggal 31 Desember 2025 dan 2024                                                                   As of December 31, 2025 and 2024 the
          eksposur risiko kredit atas aset keuangan                                                                exposures to credit risk on financial assets are
          terbagi atas:                                                                                            divided into:
                                                                                 31 Desember 2024/December 31, 2024

                                                                                                                             Cadangan
                                                                                                                              kerugian
                                                                                                                           penurunan nilai/
                                                                                                                            Allowance for
                                       Stage 1                 Stage 2               Stage 3             Total            impairment losses        Neto/Net

        Giro pada Bank                                                                                                                                                Current Account with
          Indonesia                        3.122.333                      -                      -         3.122.333                       -           3.122.333        Bank Indonesia
                                                                                                                                                                      Current Account with
        Giro pada Bank Lain                   47.978                      -                      -               47.978                  (1 )             47.977          Other Banks
        Penempatan pada                                                                                                                                                   Placements with
          Bank Indonesia                                                                                                                                                Bank Indonesia
          dan bank lain                    2.179.682                      -                      -         2.179.682                       -           2.179.682       and other banks
        Efek-efek                         12.729.293                      -                      -        12.729.293                       -          12.729.293                 Securities
        Efek-efek yang dibeli                                                                                                                                         Securities purchased
          dengan janji                                                                                                                                               under agreements
          dijual kembali                   1.277.381                     -                       -         1.277.381                      -            1.277.381               to resell
        Kredit yang diberikan             45.885.237               200.772                 175.406        46.261.415               (817.514 )         45.443.901                     Loans
        Aset lain-lain*)                     416.844                 1.690                       -           418.534                      -              418.534            Other Assets*)

        Total                             65.658.748               202.462                 175.406        66.036.616              (817.515)           65.219.101                     Total



          *)      Aset lain-lain terdiri dari pendapatan bunga yang masih akan diterima,                   *)      Other assets consist of accrued interest receivables, insurance claim
                  tagihan klaim asuransi, tagihan transaksi ATM, tagihan kepada pihak                              Sreceivables, ATM receivables, receivables to third parties and security
                  ketiga dan setoran jaminan.                                                                      deposits.


          Analisis Kualitas Kredit                                                                        Credit Quality Analysis

          Pengukuran Kerugian Kredit Ekspektasian                                                         Measurement of Expected Credit Losses

          a.      Peningkatan               Risiko          Kredit            Secara                      a.        Significant Increase on Credit Risk
                  Signifikan

                  Ketika menentukan apakah risiko gagal                                                             When determining whether the risk of default on
                  bayar pada instrumen keuangan telah                                                               financial instruments has increased significantly
                  meningkat    secara      signifikan   sejak                                                       since initial recognition, the Bank considers
                  pengakuan              awal,          Bank                                                        reasonable and supported, relevant information
                  mempertimbangkan informasi yang wajar                                                             available without excessive costs or efforts.
                  dan terdukung, serta relevan yang tersedia                                                        This includes quantitative and qualitative
                  tanpa biaya atau upaya yang berlebihan.                                                           information and analysis, based on historical
                  Hal tersebut mencakup informasi dan                                                               experience and credit expert judgement and
                  analisis   kuantitatif    dan      kualitatif,                                                    including forward-looking estimates.
                  berdasarkan pada pengalaman historis
                  dan penilaian pakar kredit dan termasuk
                  perkiraan masa depan (forward-looking).

                  Tujuan dari penilaian ini adalah untuk                                                            The purpose of this assessment is to identify
                  mengidentifikasi apakah peningkatan risiko                                                        whether a significant increase in credit risk over
                  kredit secara signifikan atas eksposur telah                                                      exposure has occurred by comparing:
                  terjadi dengan membandingkan:

                  1. Probability of default (PD) atas umur                                                          1. Probability of default (PD) for the remaining
                     tersisa pada tanggal pelaporan; dengan                                                            aging at the reporting date; with
                  2. Probability of default (PD) atas umur                                                          2. Probability of default (PD) for the estimated
                     tersisa yang diestimasi pada saat                                                                 remaining aging at initial recognition of the
                     pengakuan awal eksposur (jika relevan,                                                            exposure (if relevant, adjusted with
                     disesuaikan     dengan      perubahan                                                             changes in expectations of prepayment).
                     ekspektasi pembayaran dimuka).




                                                                                           112
Page 970
                                                                           The original financial statements included herein are in
                                                                                                             Indonesian language.

           PT BANK MANDIRI TASPEN                                           PT BANK MANDIRI TASPEN
      CATATAN ATAS LAPORAN KEUANGAN                                    NOTES TO THE FINANCIAL STATEMENTS
       Tanggal 31 Desember 2025 dan untuk                                   As of December 31, 2025 and
    Tahun yang Berakhir pada Tanggal Tersebut                                 for the Year Then Ended
         (Disajikan dalam jutaan Rupiah,                                  (Expressed in millions of Rupiah,
             kecuali dinyatakan lain)                                         unless otherwise stated)


38. RISIKO KREDIT (lanjutan)                                       38. CREDIT RISK (continued)

   d.   Kualitas kredit dari aset keuangan (lanjutan)                 d.    Credit quality         from     financial     assets
                                                                            (continued)

        Analisis Kualitas Kredit (lanjutan)                                 Credit Quality Analysis (continued)

        Pengukuran Kerugian Kredit Ekspektasian                             Measurement of Expected Credit Losses
        (lanjutan)                                                          (continued)

        a.   Peningkatan Risiko         Kredit    Secara                    a.   Significant Increase on Credit Risk
             Signifikan (lanjutan)                                               (continued)

             Bank juga menggunakan kriteria berikut                               The Bank also uses the following criteria
             dalam menentukan apakah peningkatan                                  in determining whether a significant
             risiko kredit secara signifikan atas                                 increase in credit risk over exposure has
             eksposur telah terjadi:                                              occurred:
             1. Pengujian kuantitatif berdasarkan                                 1. Quantitative testing based on changes
                  perubahan probability of default (PD)                                in the probability of default (PD)
             2. Indikator kualitatif                                              2. Qualitative indicators
             3. Tertunggak lebih dari 30 hari.                                    3. Overdue for 30 days.

        b.   Penentuan      Struktur    Probability    of                   b. Determination of Probability of Default
             Default                                                           Structure

             Bank menggunakan model statistik untuk                               The bank uses a statistical model to
             menganalisa data yang dikumpulkan dan                                analyze the data collected and produce an
             menghasilkan perkiraan probability of                                estimate of the probability of default (PD)
             default (PD) atas umur tersisa dan                                   for the remaining life and how this is
             bagaimana hal ini diperkirakan akan                                  expected to change as a result of the
             berubah sebagai akibat dari berlalunya                               passage of time.
             waktu.

        c.   Penentuan      Struktur    Probability    of                   c.   Determination of Probability of Default
             Default                                                             Structure

             Analisa ini mencakup identifikasi dan                                This analysis includes the identification
             kalibrasi hubungan antara perubahan                                  and calibration of the relationship between
             tingkat gagal bayar dan perubahan dalam                              changes in default rates and changes in
             faktor-faktor makro ekonomi utama serta                              key macroeconomic factors as well as an
             analisa mendalam tentang dampak                                      in-depth analysis of the impact of certain
             faktor-faktor lain tertentu (misalkan                                other factors (eg restructuring) on the risk
             restrukturisasi) pada risiko gagal bayar.                            of default.

        d.   Penentuan Terjadinya Peningkatan                               d.    Determination of Significant Increase
             Risiko Kredit Secara Signifikan                                      in Credit Risk

             Kriteria untuk menentukan apakah risiko                              Criteria for determining whether credit risk
             kredit telah meningkat secara signifikan                             has increased significantly varies for each
             bervariasi untuk setiap portofolio dan                               portfolio and includes quantitative
             termasuk perubahan kuantitatif pada PD                               changes in PD and qualitative factors,
             dan faktor kualitatif, termasuk penentuan                            including determination based on arrears
             berdasarkan status hari tunggakan.                                   day status.

             Risiko kredit dari eksposur tertentu                                 Credit risk from certain exposures is
             dianggap       telah    meningkat     secara                         considered to have increased significantly
             signifikan sejak pengakuan awal jika,                                since initial recognition if, based on the
             berdasarkan permodelan kuantitatif Bank,                             Bank's     quantitative    modeling,    the
             probability of default (PD) atas umur tersisa                        probability of default (PD) for the
             telah meningkat signifikan.                                          remaining life has increased significantly.




                                                             113
Page 971
                                                                           The original financial statements included herein are in
                                                                                                             Indonesian language.

           PT BANK MANDIRI TASPEN                                           PT BANK MANDIRI TASPEN
      CATATAN ATAS LAPORAN KEUANGAN                                    NOTES TO THE FINANCIAL STATEMENTS
       Tanggal 31 Desember 2025 dan untuk                                   As of December 31, 2025 and
    Tahun yang Berakhir pada Tanggal Tersebut                                 for the Year Then Ended
         (Disajikan dalam jutaan Rupiah,                                  (Expressed in millions of Rupiah,
             kecuali dinyatakan lain)                                         unless otherwise stated)


38. RISIKO KREDIT (lanjutan)                                       38. CREDIT RISK (continued)

   d.   Kualitas kredit dari aset keuangan (lanjutan)                 d.    Credit quality        from     financial     assets
                                                                            (continued)

        Analisis Kualitas Kredit (lanjutan)                                 Credit Quality Analysis (continued)

        Pengukuran Kerugian Kredit Ekspektasian                             Measurement of Expected Credit Losses
        (lanjutan)                                                          (continued)

        e.   Penentuan Terjadinya Peningkatan                               e.    Determination of Significant Increase
             Risiko Kredit Secara Signifikan                                      in Credit Risk
             Bank juga dapat menggunakan penilaian                                The Bank can also use the judgment of
             dari analis kredit dan, jika mungkin,                                credit analysts and, if possible, relevant
             pengalaman historis yang relevan, dalam                              historical experience, in determining that
             menentukan bahwa mungkin eksposur                                    exposure may have experienced a
             telah mengalami peningkatan risiko kredit                            significant increase in credit risk based on
             yang signifikan berdasarkan indikator                                certain qualitative indicators that are
             kualitatif   tertentu   yang     dianggap                            considered to indicate this and their
             dapat mengindikasi hal tersebut dan                                  effects may not be fully reflected in
             pengaruhnya mungkin tidak sepenuhnya                                 quantitative analysis in a comprehensive
             tercermin dalam analisis kuantitatif secara                          manner on time.
             tepat waktu.

             Bank menentukan bahwa peningkatan                                    The Bank determines that a significant
             risiko kredit secara signifikan belum terjadi                        increase in credit risk has not occurred if
             apabila masih kurang dari 30 hari                                    it is still less than 30 days overdue.
             tunggakan. Hari tunggakan ditentukan                                 Arrears days are determined by
             dengan menghitung jumlah hari sejak                                  calculating the number of days from the
             tanggal jatuh tempo awal dimana                                      initial due date where full payment has not
             pembayaran penuh belum diterima.                                     been received. The due date is
             Tanggal jatuh tempo ditentukan tanpa                                 determined without considering the grace
             mempertimbangkan masa tenggang yang                                  period that might be available to the
             mungkin tersedia bagi peminjam.                                      borrower.

             Bank memantau efektivitas kriteria                                   The Bank monitors the effectiveness of
             yang digunakan dalam mengidentifikasi                                the criteria used in identifying significant
             peningkatan risiko kredit yang signifikan                            increases in credit risk by periodic review.
             dengan cara reviu berkala.

        f.   Modifikasi Aset Keuangan                                       f.    Modification of Financial Assets

             Ketentuan kontraktual pinjaman dapat                                 The contractual terms of the loan can be
             dimodifikasi untuk beberapa alasan,                                  modified for several reasons, including
             termasuk perubahan kondisi pasar, retensi                            changes in market conditions, customer
             pelanggan dan faktor-faktor lain yang tidak                          retention and other factors not related to
             terkait dengan penurunan kredit saat                                 the current credit decline. Loans with
             pinjaman yang ketentuan kontraktualnya                               modified contractual terms can cause the
             dimodifikasi dapat menyebabkan pinjaman                              initial loan to be derecognized and the
             awal dihentikan pengakuannya dan                                     loan as a result of the modification is
             pinjaman hasil modifikasi diakui sebagai                             recognized as a new loan at fair value.
             pinjaman baru pada nilai wajar.




                                                             114
Page 972
                                                                          The original financial statements included herein are in
                                                                                                            Indonesian language.

           PT BANK MANDIRI TASPEN                                          PT BANK MANDIRI TASPEN
      CATATAN ATAS LAPORAN KEUANGAN                                   NOTES TO THE FINANCIAL STATEMENTS
       Tanggal 31 Desember 2025 dan untuk                                  As of December 31, 2025 and
    Tahun yang Berakhir pada Tanggal Tersebut                                for the Year Then Ended
         (Disajikan dalam jutaan Rupiah,                                 (Expressed in millions of Rupiah,
             kecuali dinyatakan lain)                                        unless otherwise stated)


38. RISIKO KREDIT (lanjutan)                                      38. CREDIT RISK (continued)

   d.   Kualitas kredit dari aset keuangan (lanjutan)                d.    Credit quality         from    financial     assets
                                                                           (continued)

        Analisis Kualitas Kredit (lanjutan)                                Credit Quality Analysis (continued)

        Pengukuran Kerugian Kredit Ekspektasian                            Measurement of Expected Credit Losses
        (lanjutan)                                                         (continued)

        f.   Modifikasi Aset Keuangan (lanjutan)                           f.   Modification       of    Financial      Assets
                                                                                (continued)

             Ketika ketentuan kontraktual pinjaman                                  When the contractual terms of the loan
             dimodifikasi dan tidak mengakibatkan                                   are modified and do not result in
             penghentian       pengakuan,    penentuan                              termination of recognition, determining
             terjadinya peningkatan risiko kredit secara                            the occurrence of a significant increase
             signifikan    dilakukan    dengan      cara                            in credit risk is done by comparing:
             membandingkan:
                 sisa PD sepanjang umur pada tanggal                                   remaining lifetime PD at reporting
                  pelaporan berdasarkan ketentuan                                        date based on modified provisions;
                  yang dimodifikasi; dengan                                              with
                 sisa PD sepanjang umur yang                                           remaining lifetime PD estimated
                  diestimasi berdasarkan data pada                                       based on data at initial recognition
                  saat pengakuan awal dan ketentuan                                      and initial contractual provisions.
                  kontraktual awal.

        g.   Definisi Gagal Bayar (Default)                                g.   Definition of Default

             Bank menganggap aset keuangan dalam                                The Bank considers financial assets as
             keadaan default (gagal bayar) ketika:                              default when:
                Debitur tidak mungkin membayar                                    The debtor is unlikely to fully paid its
                 kewajiban kreditnya kepada secara                                  loan obligations, without support
                 penuh, tanpa bantuan (recourse) dari                               (recourse) from the business group; or
                 kelompok usahanya; atau
                Debitur telah melewati jatuh tempo                                    The debtor has more than 90 days
                 lebih dari 90 hari atas kewajiban kredit                               past due for any material loan
                 material apapun kepada kelompok                                        obligations to its business group.
                 usahanya.

             Dalam menilai apakah debitur dalam                                 In assessing whether a debtor is in default,
             keadaan default (gagal bayar), Bank                                the Bank considers the following
             mempertimbangkan indikator berikut:                                indicators:
                Kuantitatif - seperti status tunggakan;                            Quantitative - such as overdue
                 dan                                                                 status; and
                Berdasarkan            data       yang                             Based on data developed internally
                 dikembangkan secara internal dan                                    and obtained from external sources.
                 diperoleh dari sumber eksternal.




                                                            115
Page 973
                                                                         The original financial statements included herein are in
                                                                                                           Indonesian language.

           PT BANK MANDIRI TASPEN                                         PT BANK MANDIRI TASPEN
      CATATAN ATAS LAPORAN KEUANGAN                                  NOTES TO THE FINANCIAL STATEMENTS
       Tanggal 31 Desember 2025 dan untuk                                 As of December 31, 2025 and
    Tahun yang Berakhir pada Tanggal Tersebut                               for the Year Then Ended
         (Disajikan dalam jutaan Rupiah,                                (Expressed in millions of Rupiah,
             kecuali dinyatakan lain)                                       unless otherwise stated)


38. RISIKO KREDIT (lanjutan)                                     38. CREDIT RISK (continued)

   d.   Kualitas kredit dari aset keuangan (lanjutan)               d.    Credit quality        from     financial     assets
                                                                          (continued)

        Analisis Kualitas Kredit (lanjutan)                               Credit Quality Analysis (continued)

        Input, Asumsi, dan Teknik yang digunakan                          Inputs, Assumptions, and Techniques
        dalam mengestimasi penurunan nilai                                used in estimating impairment

        a.   Penggunaan     informasi     perkiraan                       a.   Use of forward-looking formation
             masa depan (forward-looking)

             Bank menggunakan informasi forward-                               The      Bank       uses     forward-looking
             looking dalam menilai apakah telah                                information in assessing whether there has
             terjadinya peningkatan risiko kredit secara                       been a significant increase in credit risk
             signifikan dan pengukuran kerugian kredit                         and in measuring expected credit losses.
             ekspektasian. Berdasarkan saran dari                              Based on suggestions from the Risk
             Komite Manajemen Risiko, pakar ekonomi                            Management         Committee,      economic
             dan pertimbangan berbagai informasi                               experts and consideration of various actual
             aktual dan perkiraan eksternal, Bank                              and external forecast information, the
             merumuskan pandangan dasar (base                                  Bank formulates a basic view (base case)
             case) tentang pergerakan variabel                                 on the movement of relevant economic
             ekonomi yang relevan di masa depan serta                          variables in the future as well as estimates
             perkiraan skenario lain yang mungkin                              of other possible scenarios. This process
             terjadi. Proses ini meliputi pengembangan                         involves developing two or more additional
             dua atau lebih skenario ekonomi                                   economic scenarios and considering the
             tambahan       dan      mempertimbangkan                          relative probability of the possible outputs.
             probabilitas relatif dari keluaran (output)                       External information includes economic
             yang mungkin. Informasi eksternal                                 data and forecasts published by various
             mencakup data ekonomi dan perkiraan                               parties such as government agencies and
             yang diterbitkan oleh berbagai pihak                              selected private sector analysts and
             seperti badan pemerintah dan analis                               academics.
             sektor swasta dan akademisi terpilih.

             Pandangan      dasar      (base    case)                          The base case reflects the output with the
             mencerminkan        keluaran     dengan                           highest probability and is used in strategic
             probabilitas yang paling tinggi dan                               planning and budgeting. The other
             digunakan dalam perencanaan strategis                             scenario reflects a more optimistic output
             dan anggaran. Skenario yang lain,                                 and a more pessimistic outcome.
             mencerminkan keluaran yang lebih optimis
             dan keluaran yang lebih pesimis.




                                                           116
Page 974
                                                                                 The original financial statements included herein are in
                                                                                                                   Indonesian language.

           PT BANK MANDIRI TASPEN                                                   PT BANK MANDIRI TASPEN
      CATATAN ATAS LAPORAN KEUANGAN                                            NOTES TO THE FINANCIAL STATEMENTS
       Tanggal 31 Desember 2025 dan untuk                                           As of December 31, 2025 and
    Tahun yang Berakhir pada Tanggal Tersebut                                         for the Year Then Ended
         (Disajikan dalam jutaan Rupiah,                                          (Expressed in millions of Rupiah,
             kecuali dinyatakan lain)                                                 unless otherwise stated)


38. RISIKO KREDIT (lanjutan)                                             38. CREDIT RISK (continued)

   d.   Kualitas kredit dari aset keuangan (lanjutan)                         d. Credit quality          from     financial     assets
                                                                                 (continued)

        Analisis Kualitas Kredit (lanjutan)                                       Credit Quality Analysis (continued)

        Input, Asumsi, dan Teknik yang digunakan                                  Inputs, Assumptions, and Techniques used
        dalam mengestimasi penurunan nilai                                        in estimating impairment (continued)
        (lanjutan)

        a.    Penggunaan      informasi     perkiraan                             a.   Use of forward-looking information
              masa       depan      (forward-looking)                                  (continued)
              (lanjutan)

              Skenario ekonomi yang dirumuskan                                         The economic scenario is formulated using
              menggunakan kisaran indikator utama                                      the following main indicators:
              berikut:

                                                           2025                                            2026

             Laju Pertumbuhan PDB/                                    dasar 4,99%/                                      dasar 4,98%/
             GDP Growth                                             baseline 4.99%                                    baseline 4.98%
                                                 kisaran antara 2,47 hingga 7,55%/                 kisaran antara 2,45 hingga 7,50%/
                                                         ranges from 2.47 to 7.55%                         ranges from 2.45 to 7.50%

             PDB (dalam ribuan rupiah)/                             dasar Rp1.123/                                  dasar Rp1.120/
             GDP (in thousands of rupiah)                         baseline Rp1.123                                baseline Rp1,120
                                            kisaran antara Rp1.025 hingga Rp1.220/          kisaran antara Rp1.023 hingga Rp1.218/
                                                    ranges from Rp1,025 to Rp1,220                  ranges from Rp1,023 to Rp1,218
             Indeks Gaji
                (dalam ribuan rupiah)/                                dasar Rp3.962/                                  dasar Rp3.966/
             Salary Index
                (in thousands of rupiah)                          baseline Rp3,962                                baseline Rp3,966
                                            kisaran antara Rp3.772 hingga Rp4.153/          kisaran antara Rp3.775 hingga Rp4.157/
                                                    ranges from Rp3,772 to Rp4,153                  ranges from Rp3,775 to Rp4,157

             Tingkat Hunian Hotel Bali/                              dasar 58,28%/                                    dasar 57,65%/
             Occupancy Rate Hotel Bali                             baseline 58.28%                                  baseline 57.65%
                                               kisaran antara 36,92 hingga 79,64%/              kisaran antara 36,29 hingga 79,01%/
                                                       ranges from 36.92 to 79.64%                      ranges from 36.29 to 79.01%

             Tingkat Pengangguran                                     dasar 4,84%/                                      dasar 4,84%/
             Unemployment Rate                                      baseline 4.84%                                    baseline 4.84%
                                                 kisaran antara 4,27 hingga 5,41%/                 kisaran antara 4,27 hingga 5,41%/
                                                         ranges from 4.27 to 5.41%                         ranges from 4.27 to 5.41%


        b.    Pengukuran             Kerugian          Kredit                     b.   Measurement of Expected Credit Loss
              Ekspektasi

              Input utama dalam pengukuran kerugian                                    The main inputs in measuring expected
              kredit ekspektasian adalah variabel                                      credit losses are the following variables:
              berikut:
                  Probability of Default (PD)                                             Probability of Default (PD)
                  Loss of Given Default (LGD)                                             Loss of Given Default (LGD)
                  Exposure at Default (EAD)                                               Exposure at Default (EAD)




                                                                117
Page 975
                                                                         The original financial statements included herein are in
                                                                                                           Indonesian language.

           PT BANK MANDIRI TASPEN                                           PT BANK MANDIRI TASPEN
      CATATAN ATAS LAPORAN KEUANGAN                                    NOTES TO THE FINANCIAL STATEMENTS
       Tanggal 31 Desember 2025 dan untuk                                   As of December 31, 2025 and
    Tahun yang Berakhir pada Tanggal Tersebut                                 for the Year Then Ended
         (Disajikan dalam jutaan Rupiah,                                  (Expressed in millions of Rupiah,
             kecuali dinyatakan lain)                                         unless otherwise stated)


38. RISIKO KREDIT (lanjutan)                                       38. CREDIT RISK (continued)

   d.   Kualitas kredit dari aset keuangan (lanjutan)                 d. Credit quality          from     financial     assets
                                                                         (continued)

        Analisis Kualitas Kredit (lanjutan)                               Credit Quality Analysis (continued)

        Input, Asumsi, dan Teknik yang digunakan                          Inputs, Assumptions, and Techniques used
        dalam mengestimasi penurunan nilai                                in estimating impairment (continued)
        (lanjutan)

        b.   Pengukuran        Kerugian            Kredit                 b.   Measurement of Expected Credit Loss
             Ekspektasi (lanjutan)                                             (continued)

             Parameter ini umumnya berasal dari model                          These parameters generally come from
             statistik yang dikembangkan secara                                internally developed statistical models and
             internal dan data historis lainnya.                               other historical data. This parameter is
             Parameter      ini disesuaikan     untuk                          adjusted     to   reflect    forward-looking
             mencerminkan informasi forward-looking.                           information.

             Estimasi PD adalah efstimasi pada tanggal                         Estimated PD is an estimate at a specific
             tertentu, yang dihitung berdasarkan model                         date, which is calculated based on a
             peringkat      statistik,   dan     dinilai                       statistical ranking model, and is assessed
             menggunakan rating yang disesuaikan                               using a rating adjusted for various
             dengan berbagai kategori dari debitur dan                         categories of debtors and exposures. This
             eksposur. Model statistik ini didasarkan                          statistical model is based on internally
             pada data yang disusun secara internal                            compiled data consisting of quantitative
             yang terdiri dari faktor kuantitatif dan                          and qualitative factors.
             kualitatif.

             LGD adalah besarnya kerugian jika terjadi                         LGD is the amount of loss in the event of
             gagal bayar. Parameter LGD diestimasi                             default. The LGD parameter is estimated
             secara historis berdasarkan tingkat                               historically based on the rate of recovery of
             pemulihan atas klaim terhadap debitur                             claims against default debtors. The LGD
             yang     gagal      bayar.    Model      LGD                      model takes into account the structure,
             mempertimbangkan struktur, jaminan,                               guarantees, seniority of claims, the
             senioritas klaim, industri debitur, dan biaya                     debtor's industry, and the cost of recovery
             pemulihan setiap jaminan yang merupakan                           of each guarantee that is an integral part of
             bagian integral dari aset keuangan.                               a financial asset.

             EAD       merepresentasikan     estimasi                          EAD represents the estimated exposure in
             eksposur jika terjadi gagal bayar. EAD                            the event of default. The EAD of a financial
             suatu aset keuangan adalah jumlah                                 asset is the gross carrying amount. For
             tercatat bruto. Untuk komitmen pinjaman                           loan    commitments        and     financial
             dan jaminan keuangan, EAD mencakup                                guarantees, EAD includes the amount that
             jumlah yang telah ditarik, serta jumlah                           has been drawn, as well as the potential
             potensial di masa depan yang akan ditarik,                        future amount to be withdrawn, which is
             yang diestimasi berdasarkan pengamatan                            estimated based on historical observations
             historis dan perkiraan berwawasan ke                              and forward-looking estimates.
             depan (forward-looking).

             Ketika pemodelan parameter dilakukan                              When parameter modeling is carried out
             secara kolektif, instrumen keuangan                               collectively, financial instruments are
             dikelompokkan berdasarkan kesamaan                                grouped based on common risk
             karakteristik risiko yang meliputi:                               characteristics which include:
                 Jenis instrumen;                                                 Instrument type;
                 Kolektabilitas;                                                  Collectability;
                 Tanggal pengakuan awal;                                          Initial recognition date;
                 Sisa waktu jatuh tempo.                                          Remaining maturity.




                                                             118
Page 976
                                                                                                                                The original financial statements included herein are in
                                                                                                                                                                  Indonesian language.

            PT BANK MANDIRI TASPEN                                                                                                PT BANK MANDIRI TASPEN
       CATATAN ATAS LAPORAN KEUANGAN                                                                                         NOTES TO THE FINANCIAL STATEMENTS
        Tanggal 31 Desember 2025 dan untuk                                                                                        As of December 31, 2025 and
     Tahun yang Berakhir pada Tanggal Tersebut                                                                                      for the Year Then Ended
          (Disajikan dalam jutaan Rupiah,                                                                                       (Expressed in millions of Rupiah,
              kecuali dinyatakan lain)                                                                                              unless otherwise stated)


39. RISIKO LIKUIDITAS                                                                                              39. LIQUIDITY RISK

    Risiko    likuiditas merupakan      risiko  akibat                                                                  Liquidity risk is a risk due to the inability of the Bank
    ketidakmampuan Bank untuk memenuhi liabilitas                                                                       to meet the maturing obligations from cash flow
    yang jatuh tempo dari sumber pendanaan arus kas                                                                     funding and/or of high quality liquid assets that can
    dan/atau dari aset likuid berkualitas tinggi yang                                                                   be pledged, without disrupting the activities and the
    dapat diagunkan, tanpa mengganggu aktivitas dan                                                                     Bank’s financial condition.
    kondisi keuangan Bank.

    Pengelolaan risiko likuiditas antara lain dilakukan                                                                 Liquidity risk management, among others, is done
    melalui upaya peningkatan pelayanan kepada                                                                          through efforts to improve services to depositors in
    nasabah penyimpan dalam rangka menjaga                                                                              order to maintain stability and continuity of deposits,
    stabilitas dan kontinuitas jumlah simpanan,                                                                         fund placement policies on safe and liquid
    kebijakan penempatan dana pada instrumen yang                                                                       instruments, contingency funding plan policy, and
    aman dan likuid, kebijakan contingency funding                                                                      monitoring of daily liquidity position and evaluation
    plan, dan pemantauan posisi likuiditas secara harian                                                                of liquidity position through Asset Liability
    serta evaluasi posisi likuiditas melalui rapat Asset                                                                Committee ("ALCO") meetings on a regular basis.
    Liability Committee (“ALCO”) secara rutin.
                                                                                           31 Desember 2025/December 31, 2025

                                                            Tidak
                                                         mempunyai              Sampai
                                                        Kontrak Jatuh           dengan           > 1 bulan -        > 3 bulan -          > 6 bulan -          > 1 tahun          Lebih dari
                                                          Tempo/                1 bulan/           3 bulan/           6 bulan/            12 bulan/           3 tahun/            3 tahun/
                                                         No maturity             Up to           > 1 month -       > 3 months -         > 6 months -          > 1 year -         More than
                Akun                     Total            contract              1 month           3 months           6 months            12 months             3 years            3 years                  Account

  ASET                                                                                                                                                                                                             ASSETS
  Kas                                      152.993             152.993                     -                   -                  -                   -                    -                  -                        Cash
                                                                                                                                                                                                     Current accounts with
  Giro pada Bank Indonesia               1.283.107            1.283.107                    -                   -                  -                   -                    -                  -         Bank Indonesia
                                                                                                                                                                                                     Current accounts with
  Giro pada bank lain                       74.756               74.756                    -                   -                  -                   -                    -                  -              other banks
                                                                                                                                                                                                          Placements with
  Penempatan pada                                                                                                                                                                                    Bank Indonesia and
    Indonesia dan bank lain              6.361.889                     -          6.361.889                   -               -                     -                   -                   -                other banks
  Efek-efek                             13.019.332                     -            299.960             593.812         702.727             1.816.202             147.156           9.459.475                     Securities
                                                                                                                                                                                                      Securities purchased
  Efek-efek yang dibeli                                                                                                                                                                               under agreements
    dengan janji dijual kembali          1.014.855                    -           1.014.855                   -                   -                 -                   -                  -                     to resell
  Kredit yang diberikan                 50.530.716                    -                 148              20.182               8.147            74.154             622.141         49.805.944                          Loans
  Aset lain-lain*)                         479.570                  689             478.881                   -                   -                 -                   -                  -                Other assets*)

                                        72.917.218            1.511.545           8.155.733             613.994         710.874             1.890.356             769.297         59.265.419

  Cadangan kerugian                                                                                                                                                                                          Allowance for
   penurunan nilai                        (770.430 )                                                                                                                                                  impairment losses

  Total                                 72.146.788                                                                                                                                                                     Total

  LIABILITAS                                                                                                                                                                                                  LIABILITIES
                                                                                                                                                                                                                  Liabilities
  Liabilitas segera                         58.179                     -             58.179                    -                  -                   -                    -                  -         due Immediately
                                                                                                                                                                                                                   Deposits
  Simpanan nasabah                      55.030.573          12.359.410          14.238.700            19.454.905       3.966.002            4.755.759             192.273              63.524            from customers
                                                                                                                                                                                                             Deposits from
  Simpanan dari bank lain                   49.789               38.789              11.000                    -                  -                   -                    -                  -              other banks
  Surat berharga
      yang diterbitkan                   2.695.416                     -                   -           1.197.962              -                     -             798.642             698.812             Securities issued
  Pinjaman yang diterima                 5.000.000                     -                   -             750.000        250.000             2.000.000           2.000.000                   -                  Borrowings
  Beban yang masih harus
    dibayar**)                             325.758                     -            120,412              46,844               8,590            16,771              57.091              76.050         Accrued expenses**)
  Liabilitas lain-lain***)                 106.872                     -             61.952                   -              44.920                 -                   -                   -           Other liabilities***)

                                        63.266.587          12.398.199          14.490.243            21.449.711       4.269.512            6.772.530           3.048.006             838.386

  Perbedaan jatuh tempo                  9.650.631          (10.886.654)        (6.334.510)       (20.835.717)       (3.558.638)          (4.882.174)         (2.278.709)         58.427.033                   Maturity gap

  Posisi neto setelah                                                                                                                                                                                   Net position after
   cadangan kerugian                                                                                                                                                                                     allowance for
   penurunan nilai                       8.880.201                                                                                                                                                impairment losses



    *)       Aset lain-lain terdiri dari pendapatan bunga yang masih akan diterima, tagihan klaim                       *)        Other assets consist of accrued interest receivables, insurance claim Sreceivables,
             asuransi, tagihan transaksi ATM, tagihan kepada pihak ketiga dan setoran jaminan.                                    ATM receivables, receivables to third parties and security deposits.

    **)      Beban yang masih harus dibayar terdiri dari liabilitas sewa, bunga yang masih harus                        **)       Accrued expenses consist of lease liabilities, accrued interest payable, and provision
             dibayar, dan cadangan kerugian operasional.                                                                          for operational losses.

    ***)     Liabilitas lain-lain terdiri dari utang kepada pihak ketiga, penerimaan klaim asuransi                     ***)      Other liabilities consist of payable to third parties, receipt of insurance claims that have
             yang belum dialokasikan, utang jasa professional, titipan penyelesaian transaksi, dan                                not been allocated, payable for professional services, settlement of transactions,
             lain-lain.                                                                                                           payable for flagging services, and others.




                                                                                                      119
Page 977
                                                                                                                                  The original financial statements included herein are in
                                                                                                                                                                    Indonesian language.

            PT BANK MANDIRI TASPEN                                                                                                  PT BANK MANDIRI TASPEN
       CATATAN ATAS LAPORAN KEUANGAN                                                                                           NOTES TO THE FINANCIAL STATEMENTS
        Tanggal 31 Desember 2025 dan untuk                                                                                          As of December 31, 2025 and
     Tahun yang Berakhir pada Tanggal Tersebut                                                                                        for the Year Then Ended
          (Disajikan dalam jutaan Rupiah,                                                                                         (Expressed in millions of Rupiah,
              kecuali dinyatakan lain)                                                                                                unless otherwise stated)


39. RISIKO LIKUIDITAS (lanjutan)                                                                                     39. LIQUIDITY RISK (continued)
                                                                                           31 Desember 2024/December 31, 2024

                                                            Tidak
                                                         mempunyai              Sampai
                                                        Kontrak Jatuh           dengan           > 1 bulan -          > 3 bulan -          > 6 bulan -          > 1 tahun          Lebih dari
                                                          Tempo/                1 bulan/           3 bulan/             6 bulan/            12 bulan/           3 tahun/            3 tahun/
                                                         No maturity             Up to           > 1 month -         > 3 months -         > 6 months -          > 1 year -         More than
                Akun                     Total            contract              1 month           3 months             6 months            12 months             3 years            3 years                 Account

  ASET                                                                                                                                                                                                            ASSETS
  Kas                                      137.382             137.382                     -                    -                   -                   -                    -                  -                     Cash
                                                                                                                                                                                                    Current accounts with
  Giro pada Bank Indonesia               3.122.333            3.122.333                    -                    -                   -                   -                    -                  -      Bank Indonesia
                                                                                                                                                                                                    Current accounts with
  Giro pada bank lain                       47.978               47.978                    -                    -                   -                   -                    -                  -           other banks
                                                                                                                                                                                                         Placements with
  Penempatan pada                                                                                                                                                                                   Bank Indonesia and
    Indonesia dan bank lain              2.179.682                     -          2.179.682                     -                   -                 -                      -                -             other banks
  Efek-efek                             12.729.293                     -          2.995.161                     -                   -         1.581.235                      -        8.152.897                  Securities
                                                                                                                                                                                                     Securities purchased
  Efek-efek yang dibeli                                                                                                                                                                              under agreements
    dengan janji dijual kembali          1.277.381                    -           1.277.381                    -                    -                 -                   -                  -                  to resell
  Kredit yang diberikan                 46.261.415                    -                 148               61.070               15.425            81.116             554.424         45.549.232                       Loans
  Aset lain-lain*)                         418.534                8.895             409.639                    -                    -                 -                   -                  -             Other assets*)

                                        66.173.998            3.316.588           6.862.011               61.070               15.425         1.662.351             554.424         53.702.129

  Cadangan kerugian                                                                                                                                                                                          Allowance for
   penurunan nilai                        (817.515 )                                                                                                                                                  impairment losses

  Total                                 65.356.483                                                                                                                                                                     Total

  LIABILITAS                                                                                                                                                                                                  LIABILITIES
                                                                                                                                                                                                                  Liabilities
  Liabilitas segera                        862.204                     -            862.204                     -                   -                   -                    -                  -       due Immediately
                                                                                                                                                                                                                   Deposits
  Simpanan nasabah                      48.824.547          11.004.623          22.347.422            11.384.868         3.623.829              267.653             131.357              64.795          from customers
                                                                                                                                                                                                             Deposits from
  Simpanan dari bank lain                  755.053               28.553             726.500                     -                   -                   -                    -                  -            other banks
  Surat berharga
      yang diterbitkan                   1.199.093                     -                   -                    -                   -                   -         1.199.093                     -        Securities issued
  Efek-efek yang dijual                                                                                                                                                                                     Securities sold
      dengan janji                                                                                                                                                                                    under agreements
      dibeli kembali                       225.076                     -            225.076                    -                 -                    -                   -                     -         to repurchase
  Pinjaman yang diterima                 5.750.000                     -            500.000              500.000         2.000.000              500.000           2.250.000                     -              Borrowings
  Beban yang masih harus
    dibayar**)                             315.810                     -            118.186               22.371               14.052              7.019             51.639             102.543       Accrued expenses**)
  Liabilitas lain-lain***)                 109.728                     -             41.690                    -               68.038                  -                  -                   -         Other liabilities***)

                                        58.041.511          11.033.176          24.821.078            11.907.239         5.705.919              774.672           3.632.089             167.338

  Perbedaan jatuh tempo                  8.132.487           (7.716.588)        (17.959.067)          (11.846.169)      (5.690.494)             887.679          (3.077.665)        53.534.791                 Maturity gap

  Posisi neto setelah                                                                                                                                                                                   Net position after
   cadangan kerugian                                                                                                                                                                                     allowance for
   penurunan nilai                       7.314.972                                                                                                                                                   impairment losses




    *)       Aset lain-lain terdiri dari pendapatan bunga yang masih akan diterima, tagihan klaim                         *)        Other assets consist of accrued interest receivables, insurance claim receivables,
             asuransi, tagihan transaksi ATM, tagihan kepada pihak ketiga dan setoran jaminan.                                      ATM receivables, receivables to third parties and security deposits.


    **)      Beban yang masih harus dibayar terdiri dari liabilitas sewa, bunga yang masih harus                          **)       Accrued expenses consist of lease liabilities, accrued interest payable, and provision
             dibayar, dan cadangan kerugian operasional.                                                                            for operational losses.


    ***)     Liabilitas lain-lain terdiri dari utang kepada pihak ketiga, penerimaan klaim asuransi                       ***)      Other liabilities consist of payable to third parties, receipt of insurance claims that have
             yang belum dialokasikan, utang jasa professional, titipan penyelesaian transaksi, dan                                  not been allocated, payable for professional services, settlement of transactions,
             lain-lain.                                                                                                             payable for flagging services, and others.




                                                                                                       120
Page 978
                                                                                                                                       The original financial statements included herein are in
                                                                                                                                                                         Indonesian language.

            PT BANK MANDIRI TASPEN                                                                                                      PT BANK MANDIRI TASPEN
       CATATAN ATAS LAPORAN KEUANGAN                                                                                               NOTES TO THE FINANCIAL STATEMENTS
        Tanggal 31 Desember 2025 dan untuk                                                                                              As of December 31, 2025 and
     Tahun yang Berakhir pada Tanggal Tersebut                                                                                            for the Year Then Ended
          (Disajikan dalam jutaan Rupiah,                                                                                             (Expressed in millions of Rupiah,
              kecuali dinyatakan lain)                                                                                                    unless otherwise stated)


39. RISIKO LIKUIDITAS (lanjutan)                                                                                     39. LIQUIDITY RISK (continued)

    Tabel jatuh tempo berikut ini menyajikan informasi                                                                        The following maturity table provides information on
    mengenai perkiraan jatuh tempo dari liabilitas                                                                            the estimated maturity of the contractual financial
    keuangan sesuai kontrak berdasarkan arus kas                                                                              liabilities based on undiscounted cash flows as of
    undiscounted pada tanggal 31 Desember 2025 dan                                                                            December 31, 2025 and 2024 as follows:
    2024 adalah sebagai berikut:
                                                                                                       31 Desember 2025/December 31, 2025
                                                                      Tidak
                                                                   mempunyai            Sampai
                                                                  Kontrak Jatuh         dengan             > 1 bulan -        > 3 bulan -         > 6 bulan -         > 1 tahun -         Lebih dari
                                                                     Tempo/             1 bulan/             3 bulan/           6 bulan/           12 bulan/           3 tahun/            3 tahun/
                                                                   No maturity           Up to             > 1 month -       > 3 months -        > 6 months -          > 1 year -         More than
               Akun                                 Total           contract            1 month             3 months           6 months           12 months             3 years            3 years                 Account
  Liabilitas                                                                                                                                                                                                           Liabilities
                                                                                                                                                                                                                   Liabilities due
  Liabilitas segera                                     58.179                  -            58.179                      -                  -                  -                    -                  -         immediately
                                                                                                                                                                                                                   Deposits from
  Simpanan nasabah                                 55.977.643         12.492.274        14.510.659          19.826.494              4.041.753        4.846.594             195.945               63.924            customers
                                                                                                                                                                                                                   Deposits from
  Simpanan dari bank lain                               50.810            39.438             11.372                      -                  -                  -                    -                  -         other banks
  Surat berharga
    yang diterbitkan                                2.829.637                   -                  -         1.244.832                25.157             25.157            823.799             710.692    Securities issued
  Efek-efek yang dijual                                                                                                                                                                                        Securities sold
    dengan janji                                                                                                                                                                                        under agreements
    dibeli kembali                                          -                   -                -                   -                     -                 -                   -                    -     to repurchase
  Pinjaman yang diterima                            5.229.327                   -                -             824.814               315.092         2.060.592           2.028.829                    -            Borrowings
  Beban yang masih harus dibayar*)                    368.782                   -          123.620              50.034                12.018            23.120              76.064             83.926    Accrued expenses*)
  Liabilitas lain-lain**)                             106.872                   -           61.952                   -                44.920                 -                   -                    -     Other liabilities**)
  Total                                            64.621.250         12.531.712        14.765.782          21.946.174              4.438.940        6.955.463           3.124.637             858.542                      Total



    *)         Beban yang masih harus dibayar terdiri dari liabilitas sewa, bunga yang masih harus                            *)        Accrued expenses consist of lease liabilities, accrued interest payable, and provision
               dibayar, dan cadangan kerugian operasional.                                                                              for operational losses.


    **)        Liabilitas lain-lain terdiri dari utang kepada pihak ketiga, penerimaan klaim asuransi                         **)       Other liabilities consist of payable to third parties, receipt of insurance claims that have
               yang belum dialokasikan, utang jasa professional, titipan penyelesaian transaksi, dan                                    not been allocated, payable for professional services, settlement of transactions,
               lain-lain.                                                                                                               payable for flagging services, and others.

                                                                                                       31 Desember 2024/December 31, 2024
                                                                      Tidak
                                                                   mempunyai            Sampai
                                                                  Kontrak Jatuh         dengan             > 1 bulan -        > 3 bulan -         > 6 bulan -         > 1 tahun -         Lebih dari
                                                                     Tempo/             1 bulan/             3 bulan/           6 bulan/           12 bulan/           3 tahun/            3 tahun/
                                                                   No maturity           Up to             > 1 month -       > 3 months -        > 6 months -          > 1 year -         More than
               Akun                                 Total           contract            1 month             3 months           6 months           12 months             3 years            3 years                 Account
  Liabilitas                                                                                                                                                                                                           Liabilities
                                                                                                                                                                                                                   Liabilities due
  Liabilitas segera                                   862.204                   -          862.204                       -                  -                  -                    -                  -         immediately
                                                                                                                                                                                                                   Deposits from
  Simpanan nasabah                                 49.189.807         11.004.622        22.498.054          11.559.218              3.657.854          270.321             134.453               65.285            customers
                                                                                                                                                                                                                   Deposits from
  Simpanan dari bank lain                             801.509             29.004           772.505                       -                  -                  -                    -                  -         other banks
  Surat berharga
    yang diterbitkan                                1.310.442                   -                  -             6.767                21.750             44.225          1.237.700                     -       Securities issued
  Efek-efek yang dijual                                                                                                                                                                                           Securities sold
    dengan janji                                                                                                                                                                                           under agreements
    dibeli kembali                                    227.602                   -          227.602                   -                      -                -                   -                   -         to repurchase
  Pinjaman yang diterima                            6.127.185                   -          597.661             595.473              2.088.910          552.299           2.292.842                   -               Borrowings
  Beban yang masih harus dibayar*)                    369.877                   -          119.930              24.970                 19.009           13.008              74.517             118.443      Accrued expenses*)
  Liabilitas lain-lain**)                             109.728                   -           41.690                   -                 68.038                -                   -                   -         Other liabilities**)
  Total                                            58.998.354         11.033.626        25.119.646          12.186.428              5.855.561          879.853           3.739.512             183.728                      Total



    *)         Beban yang masih harus dibayar terdiri dari liabilitas sewa, bunga yang masih harus                            *)        Accrued expenses consist of lease liabilities, accrued interest payable, and provision
               dibayar, dan cadangan kerugian operasional.                                                                              for operational losses.


    **)        Liabilitas lain-lain terdiri dari utang kepada pihak ketiga, penerimaan klaim asuransi                         **)       Other liabilities consist of payable to third parties, receipt of insurance claims that have
               yang belum dialokasikan, utang jasa professional, titipan penyelesaian transaksi, dan                                    not been allocated, payable for professional services, settlement of transactions,
               lain-lain.                                                                                                               payable for flagging services, and others.


    Bank telah memiliki model pengukuran risiko                                                                               The Bank has a liquidity risk measurement model to
    likuiditas untuk mengukur risiko likuiditas dari                                                                          measure liquidity risk from the Bank's portfolio of
    portofolio aset dan liabilitas Bank, dan memberikan                                                                       assets and liabilities, and provides additional
    jaminan keamanan tambahan berdasarkan skenario                                                                            security assurance based on best case scenarios,
    terbaik (best case), terburuk (worst case), dan                                                                           worst case, and most probable case.
    paling mungkin terjadi (most probable case).




                                                                                                         121
Page 979
                                                                                                                                 The original financial statements included herein are in
                                                                                                                                                                   Indonesian language.

                    PT BANK MANDIRI TASPEN                                                                                     PT BANK MANDIRI TASPEN
               CATATAN ATAS LAPORAN KEUANGAN                                                                              NOTES TO THE FINANCIAL STATEMENTS
                Tanggal 31 Desember 2025 dan untuk                                                                             As of December 31, 2025 and
             Tahun yang Berakhir pada Tanggal Tersebut                                                                           for the Year Then Ended
                  (Disajikan dalam jutaan Rupiah,                                                                            (Expressed in millions of Rupiah,
                      kecuali dinyatakan lain)                                                                                   unless otherwise stated)


  40. RISIKO TINGKAT SUKU BUNGA                                                                                40. INTEREST RATE RISK
             Bank melakukan pengukuran risiko tingkat suku                                                               The Bank assesses interest rate risk using a
             bunga dengan menggunakan metodologi yang                                                                    methodology that identifies interest rate risk from
             dapat mengidentifikasi risiko tingkat suku bunga dari                                                       asset and liability portfolios that are sensitive to
             portofolio aset dan liabilitas yang sensitif terhadap                                                       changes in interest rates and determines the
             perubahan suku bunga serta menentukan besaran                                                               amount of risk to the Bank.
             risiko terhadap Bank.

             Untuk mengendalikan risiko tingkat suku bunga                                                               To control the interest rate risk, the Bank sets the
             tersebut, Bank menjadikan tingkat suku bunga                                                                guarantee interest rate of the Deposit Insurance
             penjaminan dari Lembaga Penjaminan Simpanan                                                                 Corporation as one of the references in determining
             sebagai salah satu acuan dalam menetapkan                                                                   the interest rate of third party funds and the loan
             tingkat suku bunga dana pihak ketiga dan tingkat                                                            interest rate. In addition, the collection of the Bank’s
             suku bunga kredit. Selain itu, penghimpunan dana                                                            funds is always associated with the ability of
             Bank selalu dikaitkan dengan kemampuan                                                                      distribution, as well as attempted non-negative
             penyalurannya, serta diupayakan tidak terjadi                                                               interest gap so that the net interest margin obtained
             negative interest gap sehingga net interest margin                                                          by the Bank is always in a positive condition and
             yang diperoleh Bank selalu dalam kondisi positif dan                                                        interest rate risk can be minimized.
             risiko tingkat suku bunga dapat ditekan seminimal
             mungkin.

             Tabel di bawah ini mengikhtisarkan aset dan                                                                 The table below summarizes the Bank's financial
             liabilitas keuangan Bank pada nilai tercatat, yang                                                          assets and liabilities at their carrying values,
             dikategorikan berdasarkan jangka waktu kontrak                                                              categorized under contract terms as of
             pada tanggal 31 Desember 2025 dan 2024:                                                                     December 31, 2025 and 2024, respectively:
                                                                                       31 Desember 2025/December 31, 2025

                                          Tidak       Sampai
                                       dikenakan      dengan           > 1 bulan -       > 3 bulan -       1 tahun -            2 tahun -       3 tahun -       4 tahun -       Lebih dari
                                         bunga/       1 bulan/           3 bulan/         1 tahun/         2 tahun/             3 tahun/        4 tahun/        5 tahun/         5 tahun/
                                       Non-interest    Up to           > 1 month -      > 3 months -        1 year -            2 years -       3 years -       4 years -       More than
        Akun                Total        bearing      1 month           3 months           1 year           2 years              3 years         4 years         5 years         5 years           Accounts

Aset                                                                                                                                                                                                          Assets
Giro pada Bank                                                                                                                                                                                  Current account with
    Indonesia              1.283.107             -       1.283.107                -                  -              -                       -               -            -                -         Bank Indonesia
                                                                                                                                                                                                Current account with
Giro pada bank lain          74.756              -         74.756                 -                  -              -                       -               -            -                -            other banks
Penempatan pada                                                                                                                                                                                      Placements with
    Bank Indonesia                                                                                                                                                                                  Bank Indonesia
    dan bank lain         6.361.889              -       6.361.889               -                -                -                        -               -           -                -         and other banks
Efek-efek                13.019.332              -         299.960         593.812        2.614.855           51.230                        -               -      42.212        9.417.263                 Securities
Efek-efek                                                                                                                                                                                       Securities purchased
    yang dibeli dengan                                                                                                                                                                           under agreements
    janji dijual kembali  1.014.855              -       1.014.855                -                  -              -                       -               -            -                -                to resell
Kredit yang
    diberikan            50.530.716             -             148           20.182           82.301          136.463              485.678          260.958        846.171       48.698.815                     Loans
Aset lain-lain*)            479.570       479.570               -                -                -                -                    -                -              -                -             Other assets*)

                         72.764.225       479.570        9.034.715         613.994        2.697.156          187.693              485.678          260.958        888.383       58.116.078

Liabilitas                                                                                                                                                                                                 Liabilities
                                                                                                                                                                                                            Liabilities
Liabilitas segera            58.179        58.179                -                -                  -              -                       -               -            -                -        due immediately
                                                                                                                                                                                                            Deposits
Simpanan nasabah         55.030.573        30.254      41.370.792        9.845.345        3.529.009          118.947               72.214           32.768         19.754           11.490          from customers
Simpanan dari                                                                                                                                                                                               Deposits
    bank lain                49.789              -         49.789                 -                  -              -                       -               -            -                -       from other banks
Surat berharga
    yang diterbitkan      2.695.416              -               -       1.197.962                -                -              798.642                   -     698.812                 -         Securities issued
Pinjaman yang diterima 5.000.000                 -               -         750.000        2.250.000        2.000.000                    -                   -           -                 -              Borrowings
Beban yang masih
    harus dibayar**)        325.758       159.061                -                -                  -            92               22.301                   -            -         144.304      Accrued expenses**)
Liabilitas lain-lain***)    106.872       106.872                -                -                  -             -                    -                   -            -               -        Other liabilities***)
                         63.266.587       354.366      41.420.581       11.793.307        5.779.009        2.119.039              893.157           32.768        718.566          155.794
Total gap suku                                                                                                                                                                                         Total interest
   bunga                   9.497.638      125.204      (32.385.866)    (11.179.313 )      (3.081.853)      (1.931.346)           (407.479)         228.190        169.817       57.960.284                rate gap



             *)     Aset lain-lain terdiri dari pendapatan bunga yang masih akan diterima, tagihan                       *)        Other assets consist of accrued interest receivables, insurance claim
                    klaim asuransi, tagihan transaksi ATM, tagihan kepada pihak ketiga dan                                         receivables, ATM receivables, receivables to third parties and security
                    setoran jaminan.                                                                                               deposits.

             **)    Beban yang masih harus dibayar terdiri dari liabilitas sewa, bunga yang masih                        **)       Accrued expenses consist of lease liabilities, accrued interest payable, and
                    harus dibayar, dan cadangan kerugian operasional.                                                              provision for operational losses.

             ***)   Liabilitas lain-lain terdiri dari utang kepada pihak ketiga, penerimaan klaim                        ***)      Other liabilities consist of payable to third parties, receipt of insurance claims
                    asuransi yang belum dialokasikan, utang jasa professional, titipan                                             that have not been allocated, payable for professional services, settlement of
                    penyelesaian transaksi, dan lain-lain.                                                                         transactions, payable for flagging services, and others.




                                                                                                     122
Page 980
                                                                                                                                 The original financial statements included herein are in
                                                                                                                                                                   Indonesian language.

                    PT BANK MANDIRI TASPEN                                                                                     PT BANK MANDIRI TASPEN
               CATATAN ATAS LAPORAN KEUANGAN                                                                              NOTES TO THE FINANCIAL STATEMENTS
                Tanggal 31 Desember 2025 dan untuk                                                                             As of December 31, 2025 and
             Tahun yang Berakhir pada Tanggal Tersebut                                                                           for the Year Then Ended
                  (Disajikan dalam jutaan Rupiah,                                                                            (Expressed in millions of Rupiah,
                      kecuali dinyatakan lain)                                                                                   unless otherwise stated)


  40. RISIKO TINGKAT SUKU BUNGA (lanjutan)                                                                     40. INTEREST RATE RISK (continued)

             Tabel di bawah ini mengikhtisarkan aset dan                                                                 The table below summarizes the Bank's financial
             liabilitas keuangan Bank pada nilai tercatat, yang                                                          assets and liabilities at their carrying values,
             dikategorikan berdasarkan jangka waktu kontrak                                                              categorized under contract terms as of
             pada tanggal 31 Desember 2025 dan 2024:                                                                     December 31, 2025 and 2024, respectively:
             (lanjutan)                                                                                                  (continued)
                                                                                       31 Desember 2024/December 31, 2024

                                          Tidak       Sampai
                                       dikenakan      dengan           > 1 bulan -       > 3 bulan -       1 tahun -            2 tahun -       3 tahun -       4 tahun -       Lebih dari
                                         bunga/       1 bulan/           3 bulan/         1 tahun/         2 tahun/             3 tahun/        4 tahun/        5 tahun/         5 tahun/
                                       Non-interest    Up to           > 1 month -      > 3 months -        1 year -            2 years -       3 years -       4 years -       More than
        Akun                Total        bearing      1 month           3 months           1 year           2 years              3 years         4 years         5 years         5 years           Accounts

Aset                                                                                                                                                                                                          Assets
Giro pada Bank                                                                                                                                                                                  Current account with
    Indonesia              3.122.333             -       3.122.333                -                  -              -                       -               -            -                -         Bank Indonesia
                                                                                                                                                                                                Current account with
Giro pada bank lain          47.978              -         47.978                 -                  -              -                       -               -            -                -            other banks
Penempatan pada                                                                                                                                                                                      Placements with
    Bank Indonesia                                                                                                                                                                                  Bank Indonesia
    dan bank lain         2.179.682              -       2.179.682                -               -                 -                       -               -            -               -         and other banks
Efek-efek                12.729.293              -       2.995.161                -       1.581.235                 -                       -               -            -       8.152.897                 Securities
Efek-efek                                                                                                                                                                                       Securities purchased
    yang dibeli dengan                                                                                                                                                                           under agreements
    janji dijual kembali  1.277.381              -       1.277.381                -                  -              -                       -               -            -                -                to resell
Kredit yang
    diberikan            46.261.415             -             148           61.070           96.541          143.427              410.998          213.090        681.543       44.654.598                     Loans
Aset lain-lain*)            418.534       418.534               -                -                -                -                    -                -              -                -             Other assets*)

                         66.036.616       418.534        9.622.683          61.070        1.677.776          143.427              410.998          213.090        681.543       52.807.495

Liabilitas                                                                                                                                                                                                 Liabilities
                                                                                                                                                                                                            Liabilities
Liabilitas segera           862.204       862.204                -                -                  -              -                       -               -            -                -        due immediately
                                                                                                                                                                                                            Deposits
Simpanan nasabah         48.824.547     1.104.705      32.361.075       11.377.283        3.856.975           45.167               46.282           18.681         11.818             2.561         from customers
Simpanan dari                                                                                                                                                                                               Deposits
    bank lain               755.053              -        755.053                 -                  -              -                       -               -            -                -       from other banks
Surat berharga
    yang diterbitkan      1.199.093              -               -                -                  -     1.199.093                        -               -            -                -         Securities issued
Efek-efek yang dijual                                                                                                                                                                                 Securities sold
    dengan janji                                                                                                                                                                                 under agreements
    dibeli kembali          225.076              -        225.076                -                -                -                        -               -            -                -          to repurchase
Pinjaman yang diterima 5.750.000                 -        500.000          500.000        2.500.000        2.250.000                        -               -            -                -               Borrowings
Beban yang masih
    harus dibayar**)        315.810       132.944                -                -                  -           422               22.090                   -            -         160.354      Accrued expenses**)
Liabilitas lain-lain***)    109.728       109.728                -                -                  -             -                    -                   -            -               -        Other liabilities***)
                         58.041.511     2.209.581      33.841.204       11.877.283        6.356.975        3.494.682               68.372           18.681         11.818          162.915
Total gap suku                                                                                                                                                                                         Total interest
   bunga                   7.995.105    (1.791.047)    (24.218.521)    (11.816.213 )      (4.679.199)      (3.351.255)            342.626          194.409        669.725       52.644.580                rate gap



             *)     Aset lain-lain terdiri dari pendapatan bunga yang masih akan diterima, tagihan                       *)        Other assets consist of accrued interest receivables, insurance claim
                    klaim asuransi, tagihan transaksi ATM, tagihan kepada pihak ketiga dan                                         receivables, ATM receivables, receivables to third parties and security
                    setoran jaminan.                                                                                               deposits.

             **)    Beban yang masih harus dibayar terdiri dari liabilitas sewa, bunga yang masih                        **)       Accrued expenses consist of lease liabilities, accrued interest payable, and
                    harus dibayar, dan cadangan kerugian operasional.                                                              provision for operational losses.

             ***)   Liabilitas lain-lain terdiri dari utang kepada pihak ketiga, penerimaan klaim                        ***)      Other liabilities consist of payable to third parties, receipt of insurance claims
                    asuransi yang belum dialokasikan, utang jasa professional, titipan                                             that have not been allocated, payable for professional services, settlement of
                    penyelesaian transaksi, dan lain-lain.                                                                         transactions, payable for flagging services, and others.


             Risiko tingkat suku bunga terjadi dari bermacam-                                                            Interest rate risk arises from a variety of banking
             macam layanan perbankan kepada nasabah                                                                      services to customers including the collection of
             meliputi penghimpunan dana (antara lain giro,                                                               funds (including demand deposits, saving and time
             tabungan dan deposito berjangka), penempatan                                                                deposits), placement of funds (including loans),
             dana (antara lain kredit yang diberikan), komitmen                                                          commitments and contingencies, and other
             dan kontinjensi, serta instrumen lain yang                                                                  instruments containing interest rates.
             mengandung suku bunga.

             ALCO Bank yang beranggotakan Direksi dan                                                                    The Bank’s ALCO with members of the Board of
             beberapa anggota manajemen senior, bertanggung                                                              Directors and several senior management
             jawab dalam menetapkan kebijakan dan strategi                                                               members, is responsible for establishing policies
             pengelolaan risiko tingkat suku bunga di banking                                                            and strategies for interest rate risk management in
             book     serta   mengawasi      penerapan   dan                                                             the    banking      book    and     overseeing     the
             pelaksanaannya. Tujuan utama ALCO adalah                                                                    implementation and execution. ALCO's main
             mengoptimalkan hasil usaha Bank dengan tetap                                                                objective is to optimize the Bank's business results
             memperhatikan batasan-batasan risiko yang                                                                   while taking into account the defined risk limits.
             ditetapkan.



                                                                                                     123
Page 981
                                                                                               The original financial statements included herein are in
                                                                                                                                 Indonesian language.

           PT BANK MANDIRI TASPEN                                                                PT BANK MANDIRI TASPEN
      CATATAN ATAS LAPORAN KEUANGAN                                                         NOTES TO THE FINANCIAL STATEMENTS
       Tanggal 31 Desember 2025 dan untuk                                                        As of December 31, 2025 and
    Tahun yang Berakhir pada Tanggal Tersebut                                                      for the Year Then Ended
         (Disajikan dalam jutaan Rupiah,                                                       (Expressed in millions of Rupiah,
             kecuali dinyatakan lain)                                                              unless otherwise stated)


40. RISIKO TINGKAT SUKU BUNGA (lanjutan)                                            40. INTEREST RATE RISK (continued)

    Tabel di bawah ini mengikhtisarkan sensitivitas laba                                  The table below summarizes the current year
    tahun berjalan terhadap pergerakan suku bunga                                         earnings sensitivity to interest rate movements
    terhadap         Bank         pada           tanggal                                  against the Bank as of December 31, 2025 and
    31 Desember 2025 dan 2024:                                                            2024:

                                                                 Peningkatan/             Penurunan/
                                                               Increase 100bps          Decrease 100bps

  31 Desember 2025                                                                                                                        December 31, 2025
  (Mengurangi)/menambah laba                                                                                                   (Decrease)/increase net income
     tahun berjalan                                                       (284.820)                       277.376                             in current year
  31 Desember 2024                                                                                                                        December 31, 2024
  (Mengurangi)/menambah laba                                                                                                   (Decrease)/increase net income
     tahun berjalan                                                       (250.242)                       248.583                             in current year

    Proyeksi di atas mengasumsikan bahwa seluruh                                          The above projection assumes that all other
    variabel lainnya adalah konstan pada tanggal                                          variables are constant at the financial reporting
    pelaporan keuangan.                                                                   date.

41. NILAI WAJAR                      ASET   DAN          LIABILITAS                 41. FAIR VALUE OF FINANCIAL ASSETS AND
    KEUANGAN                                                                            LIABILITIES

    Nilai wajar adalah harga yang akan diterima untuk                                     Fair value is the price that would be received to sell
    menjual suatu aset atau harga yang akan dibayar                                       an asset or paid to transfer a liability in an orderly
    untuk mengalihkan suatu liabilitas dalam transaksi                                    transaction between market participants at the
    teratur antara pelaku pasar pada tanggal                                              measurement date. Fair value is derived from
    pengukuran. Nilai wajar diperoleh dari kuotasi harga                                  quoted prices or discounted cash flow models.
    atau model arus kas diskonto.

    Tabel berikut menunjukkan nilai tercatat dan                                          The following table shows the carrying amount and
    estimasi nilai wajar aset dan liabilitas keuangan                                     estimated fair values of the Bank's financial assets
    Bank yang tidak diukur pada nilai wajar pada                                          and liabilities not measured at fair value as of
    tanggal 31 Desember 2025 dan 2024:                                                    December 31, 2025 and 2024:
                                            31 Desember 2025/December 31, 2025      31 Desember 2024/December 31, 2024

                                             Nilai tercatat/       Nilai wajar/     Nilai tercatat/         Nilai wajar/
                                             Carrying value        Fair value       Carrying value          Fair value

  Aset Keuangan                                                                                                                                       Financial Assets
  Nilai wajar melalui                                                                                                                                Fair value through
      Penghasilan Komprehensif Lain                                                                                                     Other Comprehensive Income
          Efek-efek                                7.950.476            7.950.476          5.506.736              5.506.736                            Securities
      Biaya perolehan diamortisasi                                                                                                                   Amortized cost
         Efek-efek - neto                          4.474.425            4.623.639          7.222.557              7.372.914                      Securities - net
      Biaya perolehan laba rugi                                                                                                                         Profit or loss
         Efek-efek - neto                            594.431              594.431                     -                    -                     Securities - net
  Pinjaman yang diberikan
      dan Piutang                                                                                                                                  Loans and Receivables
      Kas                                            152.993              152.993           137.382                 137.382                                      Cash
      Giro pada                                                                                                                                   Current account with
          Bank Indonesia                           1.283.107            1.283.107          3.122.333              3.122.333                        Bank Indonesia
      Giro pada bank lain - neto                      74.755               74.755             47.977                 47.977      Current account with other banks - net
      Penempatan pada                                                                                                                                 Placements with
          Bank Indonesia dan bank lain             6.361.889            6.361.889          2.179.682              2.179.682       Bank Indonesia and other banks
      Efek-efek
          yang dibeli dengan                                                                                                               Securities purchased under
          janji untuk dijual kembali               1.014.855           1.014.855           1.277.381              1.277.381                   agreements to resell
      Kredit yang diberikan - neto                49.760.287          49.759.111          45.443.901             45.447.484                                Loans - net
      Aset lain-lain*) - neto                        479.570             479.570             418.534                418.534                        Other assets*) - net

  Total aset keuangan                             72.146.788          72.294.826          65.356.483             65.510.423                       Total Financial Assets

  Liabilitas Keuangan                                                                                                                                 Financial Liabilities
  Liabilitas Keuangan lainnya                                                                                                                   Other Financial Liabilities
      Liabilitas segera                               58.179              58.179             862.204                862.204                Liabilities due immediately
      Simpanan nasabah                            55.030.573          55.030.573          48.824.547             48.824.547                 Deposits from customers
      Simpanan dari bank lain                         49.789              49.789             755.053                755.053                Deposits from other banks
      Surat berharga yang diterbitkan              2.695.416           3.089.958           1.199.093              1.325.526                           Securities issued
      Pinjaman yang diterima                       5.000.000           5.379.347           5.750.000              6.039.706                                 Borrowings
      Efek-efek yang dijual                                                                                                                             Securities sold
           dengan janji dibeli kembali                     -                    -           225.076                 225.076       under agreements to repurchase
      Beban yang masih harus dibayar**)              325.758              325.758           315.810                 315.810                      Accrued expenses**)
      Liabilitas lain-lain***)                       108.775              108.775           111.857                 111.857                          Other liabilities***)

  Total liabilitas keuangan                       63.268.490          64.042.379          58.043.640             58.459.779                    Total Financial Liabilities




                                                                            124
Page 982
                                                                                                                     The original financial statements included herein are in
                                                                                                                                                       Indonesian language.

           PT BANK MANDIRI TASPEN                                                                               PT BANK MANDIRI TASPEN
      CATATAN ATAS LAPORAN KEUANGAN                                                                        NOTES TO THE FINANCIAL STATEMENTS
       Tanggal 31 Desember 2025 dan untuk                                                                       As of December 31, 2025 and
    Tahun yang Berakhir pada Tanggal Tersebut                                                                     for the Year Then Ended
         (Disajikan dalam jutaan Rupiah,                                                                      (Expressed in millions of Rupiah,
             kecuali dinyatakan lain)                                                                             unless otherwise stated)


41. NILAI WAJAR      ASET                             DAN           LIABILITAS                      41. FAIR VALUE OF FINANCIAL ASSETS AND
    KEUANGAN (lanjutan)                                                                                 LIABILITIES (continued)
    *)     Aset lain-lain terdiri dari pendapatan bunga yang masih akan diterima, tagihan                 *)          Other assets consist of accrued interest receivables, insurance claim
           klaim asuransi, tagihan transaksi ATM, tagihan kepada pihak ketiga dan                                     receivables, ATM receivables, receivables to third parties and security
           setoran jaminan.                                                                                           deposits.

    **)    Beban yang masih harus dibayar terdiri dari liabilitas sewa, bunga yang masih                  **)         Accrued expenses consist of lease liabilities, accrued interest payable, and
           harus dibayar, dan cadangan kerugian operasional.                                                          provision for operational losses.

    ***)   Liabilitas lain-lain terdiri dari utang kepada pihak ketiga, penerimaan klaim                  ***)        Other liabilities consist of payable to third parties, receipt of insurance claims
           asuransi yang belum dialokasikan, utang jasa professional, titipan                                         that have not been allocated, payable for professional services, settlement of
           penyelesaian transaksi, dan lain-lain.                                                                     transactions, payable for flagging services, and others.


    Instrumen keuangan Bank yang diakui pada nilai                                                        The Bank's financial instruments are recognized at
    wajar berdasarkan hirarki yang digunakan Bank                                                         fair value based on the hierarchy used by the Bank
    untuk menentukan dan mengungkapkan nilai wajar                                                        to determine and disclose the fair value of financial
    dari instrumen keuangan adalah sebagai berikut:                                                       instruments as follows:

    (i)    Level 1 - harga kuotasian (tanpa penyesuaian)                                                       (i)        Level 1 - quoted (unadjusted) market prices in
           di pasar aktif untuk aset atau liabilitas yang                                                                 active markets for identical assets or liabilities;
           identik;
    (ii) Level 2 - teknik penilaian di mana tingkat level                                                      (ii) Level 2 - valuation techniques for which the
         input terendah yang signifikan terhadap                                                                    lowest level input that is significant to the fair
         pengukuran nilai wajar dapat diobservasi baik                                                              value measurement is directly or indirectly
         secara langsung atau tidak langsung;                                                                       observable;
    (iii) Level 3 - teknik penilaian di mana tingkat level                                                     (iii) Level 3 - valuation techniques for which the
          input terendah yang signifikan terhadap                                                                    lowest level input that is significant to the fair
          pengukuran nilai wajar tidak dapat diobservasi                                                             value measurement is directly or indirectly
          baik secara langsung atau tidak langsung.                                                                  unobservable.

    Tabel dibawah ini menyajikan aset dan liabilitas                                                      The following table presents assets and liabilities
    yang diakui pada nilai wajar berdasarkan hirarki                                                      recognized at fair value based on the hierarchy used
    yang digunakan Bank untuk menentukan dan                                                              by the Bank to determine and disclose the fair value
    mengungkapkan nilai wajar dari aset dan liabilitas:                                                   of assets and liabilities:
                                                                         31 Desember 2025/December 31, 2025

                                                                                 Nilai wajar/Fair value

                                                       Tingkat 1/              Tingkat 2/           Tingkat 3/
                                                        Level 1                 Level 2              Level 3                        Total

  Aset yang diukur pada                                                                                                                                                       Assets measured at
     nilai wajar                                                                                                                                                                     fair value
     Efek-efek yang diukur
         pada nilai wajar                                                                                                                                                         Securities at
         melalui penghasilan                                                                                                                                       fair value through other
         komprehensif lain                                           -             7.950.476                          -              7.950.476                     comprehensive income
     Efek-efek yang diukur                                                                                                                                                        Securities at
         pada nilai wajar                                                                                                                                                         fair value
         melalui laba rugi                                   594.431                         -                        -                594.431                        through profit or loss

  Total aset yang diukur pada                                                                                                                                           Total assets measured at
     nilai wajar                                             594.431               7.950.476                          -              8.544.907                                    fair value

  Aset yang nilai wajarnya diungkapkan                                                                                                                         Assets are disclosed at fair value
     Kredit yang diberikan - neto                                    -            49.757.682                    1.429              49.759.111                                     Loans - net
     Efek-efek yang diukur
        pada biaya perolehan                                                                                                                                                     Securities at
        diamortisasi - neto                                          -             4.623.639                          -              4.623.639                         amortized cost - net

  Total aset yang nilai wajarnya                                                                                                                                        Total assets disclosed at
     diungkapkan                                                     -            54.381.321                    1.429              54.382.750                                        fair value

  Total                                                      594.431              62.331.797                    1.429              62.927.657                                                  Total


  Liabilitas yang nilai wajarnya
     diungkapkan                                                                                                                                            Liabilities are disclosed at fair value
     Surat berharga yang diterbitkan                                 -             3.089.958                          -              3.089.958                                Securities issued
     Pinjaman yang diterima                                          -             5.379.347                          -              5.379.347                                      Borrowings

  Total liabilitas yang nilai wajarnya                                                                                                                                Total liabilities disclosed at
     diungkapkan                                                     -             8.469.305                          -              8.469.305                                          fair value



                                                                                            125
Page 983
                                                                                                  The original financial statements included herein are in
                                                                                                                                    Indonesian language.

           PT BANK MANDIRI TASPEN                                                               PT BANK MANDIRI TASPEN
      CATATAN ATAS LAPORAN KEUANGAN                                                        NOTES TO THE FINANCIAL STATEMENTS
       Tanggal 31 Desember 2025 dan untuk                                                       As of December 31, 2025 and
    Tahun yang Berakhir pada Tanggal Tersebut                                                     for the Year Then Ended
         (Disajikan dalam jutaan Rupiah,                                                      (Expressed in millions of Rupiah,
             kecuali dinyatakan lain)                                                             unless otherwise stated)


41. NILAI WAJAR      ASET                DAN          LIABILITAS                     41. FAIR VALUE OF FINANCIAL ASSETS AND
    KEUANGAN (lanjutan)                                                                  LIABILITIES (continued)
    Tabel dibawah ini menyajikan aset dan liabilitas                                       The following table presents assets and liabilities
    yang diakui pada nilai wajar berdasarkan hirarki                                       recognized at fair value based on the hierarchy used
    yang digunakan Bank untuk menentukan dan                                               by the Bank to determine and disclose the fair value
    mengungkapkan nilai wajar dari aset dan liabilitas:                                    of assets and liabilities: (continued)
    (lanjutan)
                                                          31 Desember 2024/December 31, 2024

                                                                  Nilai wajar/Fair value

                                         Tingkat 1/             Tingkat 2/           Tingkat 3/
                                          Level 1                Level 2              Level 3               Total

  Aset yang diukur pada                                                                                                                      Assets measured at
     nilai wajar                                                                                                                                    fair value
     Efek-efek yang diukur
         pada nilai wajar                                                                                                                        Securities at
         melalui penghasilan                                                                                                      fair value through other
         komprehensif lain                            -            5.506.736                       -         5.506.736            comprehensive income
  Aset yang nilai wajarnya diungkapkan                                                                                        Assets are disclosed at fair value
     Kredit yang diberikan - neto                     -           45.446.074                1.410           45.447.484                           Loans - net
     Efek-efek yang diukur
        pada biaya perolehan                                                                                                                    Securities at
        diamortisasi - neto                           -            7.372.914                       -         7.372.914                amortized cost - net

  Total aset yang nilai wajarnya                                                                                                       Total assets disclosed at
     diungkapkan                                      -           52.818.988                1.410           52.820.398                              fair value

  Total                                               -           58.325.724                1.410           58.327.134                                       Total


  Liabilitas yang nilai wajarnya
     diungkapkan                                                                                                            Liabilities are disclosed at fair value
     Surat berharga yang diterbitkan                  -            1.325.526                       -         1.325.526                        Securities issued
     Pinjaman yang diterima                           -            6.039.706                       -         6.039.706                              Borrowings

  Total liabilitas yang nilai wajarnya                                                                                               Total liabilities disclosed at
     diungkapkan                                      -            7.365.232                       -         7.365.232                                 fair value


    Berikut metode dan asumsi yang digunakan untuk                                         The following are the methods and assumptions
    perkiraan nilai wajar:                                                                 used for the fair value estimates:
    Nilai wajar aset dan liabilitas keuangan tertentu                                      The fair value of certain financial assets and
    selain efek-efek, kredit yang diberikan dan surat                                      liabilities except for securities, loans and securities
    berharga yang diterbitkan mendekati nilai tercatat                                     issued approximates the carrying amount because
    karena instrumen keuangan tersebut memiliki                                            those financial instruments have short-term
    jangka waktu jatuh tempo yang singkat dan/atau                                         maturities and/or interest rates are frequently
    suku bunganya sering ditinjau ulang.                                                   reviewed.
    Nilai wajar dari kredit yang diberikan dengan suku                                     The fair value of loans with floating rates and the
    bunga mengambang dan nilai tercatat atas kredit                                        carrying value of short-term fixed-rate loans is a fair
    jangka pendek dengan suku bunga tetap adalah                                           estimate of fair value. The fair value of long-term
    perkiraan yang layak atas nilai wajar. Nilai wajar dari                                loans are provided at a fixed rate by discounting
    kredit jangka panjang yang diberikan dengan suku                                       future cash flows using the interest rates available
    bunga tetap dengan mendiskonto arus kas masa                                           for the loan on terms, credit risks and remaining
    depan menggunakan tingkat suku bunga yang                                              maturities of a similar nature.
    tersedia untuk pinjaman dengan persyaratan, risiko
    kredit dan sisa jangka waktu jatuh tempo yang
    serupa.
    Nilai wajar dari efek-efek yang diukur pada nilai                                      The fair value of securities at fair value through other
    wajar melalui penghasilan komprehensif lain, yang                                      comprehensive income, at fair value through profit
    diukur pada nilai wajar melalui laba rugi, dan biaya                                   or loss, and amortized cost is valued using the
    perolehan amortisasi dinilai menggunakan harga                                         market quotation price.
    kuotasi pasar.




                                                                          126
Page 984
                                                                        The original financial statements included herein are in
                                                                                                          Indonesian language.

          PT BANK MANDIRI TASPEN                                        PT BANK MANDIRI TASPEN
     CATATAN ATAS LAPORAN KEUANGAN                                 NOTES TO THE FINANCIAL STATEMENTS
      Tanggal 31 Desember 2025 dan untuk                                As of December 31, 2025 and
   Tahun yang Berakhir pada Tanggal Tersebut                              for the Year Then Ended
        (Disajikan dalam jutaan Rupiah,                               (Expressed in millions of Rupiah,
            kecuali dinyatakan lain)                                      unless otherwise stated)


42. PERJANJIAN SIGNIFIKAN                                       42. SIGNIFICANT AGREEMENTS

   a.   Pada tanggal 5 Oktober 2015, Bank melakukan                a.    On October 5, 2015, the Bank entered into a
        perjanjian kerja sama dengan PT Artajasa                         cooperation agreement with PT Artajasa
        Pembayaran Elektronis (“Artajasa”), pihak                        Pembayaran Elektronis ("Artajasa"), a third
        ketiga, untuk menyediakan layanan Switching                      party, to provide Switching System and Card
        System dan Card Management System dengan                         Management System services with validity
        masa berlaku 3 (tiga) tahun sejak tanggal                        period of 3 (three) years from the date of
        perjanjian. Perjanjian ini telah diperpanjang                    agreement. This agreement has been renewed
        pada tanggal 5 Oktober 2018 yang berlaku                         and valid from October 5, 2018 to October 5,
        sampai dengan tanggal 5 Oktober 2021 dan                         2021 and can be extended automatically for the
        dapat diperpanjang secara otomatis selama                        next 12 months, unless otherwise specified by
        12 bulan berikutnya, kecuali ditentukan lain                     both parties.
        oleh kedua pihak.

   b.   Pada tanggal 7 Juni 2018 yang telah diubah                 b.    On June 7, 2018, which was last amended on
        terakhir kali pada tanggal 12 Desember 2024,                     December 12, 2024, the Bank entered into an
        Bank      melakukan      perjanjian    dengan                    agreement with PT Asuransi Kredit Indonesia
        PT Asuransi Kredit Indonesia (Persero)                           (Persero) ("Askrindo"), a related party, to
        (“Askrindo”), pihak berelasi, untuk melindungi                   protect the Bank from the risk of uncollectible
        Bank dari risiko kerugian tidak tertagihnya                      loans with insurance on consumptive credit
        kredit dengan asuransi atas kredit konsumtif                     given. This agreement is valid for 3 (three)
        yang diberikan. Perjanjian ini berlaku selama                    years until December 11, 2027.
        3 (tiga) tahun sampai dengan tanggal
        11 Desember 2027.

   c.   Pada tanggal 8 Juni 2018, Bank melakukan                   c.    On June 8, 2018, the Bank entered into a
        perjanjian kerja sama dengan PT Artajasa                         cooperation agreement with PT Artajasa
        Pembayaran Elektronis, pihak ketiga, tentang                     Pembayaran Elektronis, a third party, regarding
        keanggotaan layanan transaksi elektronis                         the membership of Artajasa electronic
        Artajasa dalam rangka implementasi gerbang                       transaction services in the framework of
        pembayaran nasional (GPN). Perjanjian ini                        implementing the national payment gateaway
        berlaku selama 3 (tiga) tahun dan terus berlaku                  (GPN). This agreement is valid for 3 (three)
        hingga ada pemberitahuan tertulis dari pihak                     years and continues until there is written
        yang ingin mengakhiri perjanjian.                                notification from the party who wants to
                                                                         terminate the agreement.

   d.   Pada tanggal 17 Juli 2019, Bank melakukan                  d.    On July 17, 2019, the Bank entered into
        perjanjian kerja sama dengan PT Taspen                           cooperation agreement with PT Taspen
        (Persero), pihak berelasi, tentang pembayaran                    (Persero), a related party, regarding the
        tabungan     hari   tua,    pensiun,  jaminan                    payment of pension plan through Bank’s
        kecelakaan kerja dan jaminan kematian melalui                    deposit account. This agreement was updated
        rekening Bank. Perjanjian ini diperbarui pada                    on April 1, 2024 and is valid until March 30,
        1 April 2024 dan berlaku hingga 30 Maret 2026.                   2026.

   e.   Pada tanggal 27 Januari 2021, Bank                         e.    On January 27, 2021, the Bank entered into a
        melakukan perjanjian kerja sama penyaluran                       financing      cooperation    agreement     with
        pembiayaan dengan PT Fidac Inovasi                               PT Fidac Inovasi Teknologi (Fidac), a third
        Teknologi (Fidac), pihak ketiga, tentang                         party, regarding loan financing to active civil
        pembiayaan kepada pegawai negeri sipil aktif                     servants registered in the DUMI peer-to-peer
        yang terdaftar dalam sistem peer-to-peer                         lending system managed by Fidac with a total
        lending DUMI yang dikelola oleh Fidac dengan                     financing facility of Rp100,000. This agreement
        total fasilitas pembiayaan sebesar Rp100.000.                    is valid starting January 27, 2021 and is valid
        Perjanjian ini berlaku mulai tanggal 27 Januari                  for 3 (three) years, extended on June 19, 2025,
        2021 dan berlaku selama 3 (tahun) dan                            with the agreement period from June 16, 2025
        diperpanjang pada 19 Juni 2025 dengan jangka                     to June 18, 2028.
        waktu perjanjian 16 Juni 2025 sampai dengan
        18 Juni 2028.




                                                          127
Page 985
                                                                           The original financial statements included herein are in
                                                                                                             Indonesian language.

          PT BANK MANDIRI TASPEN                                            PT BANK MANDIRI TASPEN
     CATATAN ATAS LAPORAN KEUANGAN                                     NOTES TO THE FINANCIAL STATEMENTS
      Tanggal 31 Desember 2025 dan untuk                                    As of December 31, 2025 and
   Tahun yang Berakhir pada Tanggal Tersebut                                  for the Year Then Ended
        (Disajikan dalam jutaan Rupiah,                                   (Expressed in millions of Rupiah,
            kecuali dinyatakan lain)                                          unless otherwise stated)


42. PERJANJIAN SIGNIFIKAN (lanjutan)                              42. SIGNIFICANT AGREEMENTS (continued)

   f.   Pada tanggal 12 Maret 2021, Bank melakukan                    f.    On March 12, 2021, the Bank entered into a
        perjanjian kerja sama dengan PT Asuransi Jiwa                       cooperation agreement with PT Asuransi Jiwa
        Inhealth Indonesia, pihak berelasi, tentang                         Inhealth Indonesia, a related party, about
        pemasaran produk asuransi “Mandiri Inhealth                         marketing insurance products "Mandiri Inhealth
        Credit Life Protection Bank Mantap” kepada                          Credit Life Protection Bank Mantap" to Bank
        debitur Bank Mantap dengan model bisnis kerja                       Mantap’s debtors in Bank product with referrall
        sama referensi dalam rangka produk bank.                            collaboration scheme model. This agreement is
        Perjanjian ini berlaku selama 3 (tiga) tahun                        valid for 3 (three) years from March 12, 2021 to
        sejak tanggal 12 Maret 2021 hingga 11 Maret                         March 11, 2024 and may be extended. This
        2024 dan dapat diperpanjang. Perjanjian ini                         agreement was extended on March 12, 2024
        diperpanjang pada 12 Maret 2024 dan berlaku                         and is valid until March 11, 2027.
        hingga 11 Maret 2027.

   g.   Bank mempunyai perjanjian kerjasama                           g.    The Bank entered into a joint financing
        pembiayaan bersama dengan PT Bank Mandiri                           agreement with PT Bank Mandiri (Persero)
        (Persero) Tbk. Bank bertindak sebagai agen                          Tbk. The Bank acts as an agent to underwrite,
        untuk kegiatan seleksi konsumen, penagihan                          collect and administer consumer financing.
        dan pengurusan dokumen administrasi.

        Pada tanggal 9 Juli 2019, Bank dan PT Bank                          On July 9, 2019, the Bank and PT Bank Mandiri
        Mandiri (Persero) Tbk menandatangani                                (Persero) Tbk signed a Joint Financing
        Perjanjian Kerjasama Pembiayaan Kredit                              Agreement for Pension Credit with the total joint
        Pensiun dengan total fasilitas pembiayaan                           financing facility amounting to Rp1,000,000
        bersama    sebesar    Rp1.000.000     hingga                        until December 31, 2019 and can be extended
        31 Desember 2019 dan dapat diperpanjang                             based on the agreement of the parties,
        sesuai kesepakatan para pihak, dimana Bank                          whereby the Bank bears the credit risk and
        menanggung risiko (risk) kredit dan menerima                        receives rewards in accordance with its
        imbalan (rewards) sesuai dengan porsi                               financing portion.
        pembiayaannya.

        Dalam perjanjian kerjasama tersebut, porsi                          Based on the agreements, the amount of funds
        fasilitas pembiayaan yang akan diberikan untuk                      to be financed by each party is 40.00% from the
        konsumen dari masing-masing pihak adalah                            Bank and 60.00% from PT Bank Mandiri
        40,00% dari Bank dan 60,00% dari                                    (Persero) Tbk.
        PT Bank Mandiri (Persero) Tbk.

        Jumlah    pembiayaan      bersama   dengan                          Total joint financing amount with PT Bank
        PT Bank Mandiri (Persero) Tbk yang dikelola                         Mandiri (Persero) Tbk managed by the Bank as
        oleh Bank pada tanggal 31 Desember 2025 dan                         of December 31, 2025 and 2024 are as follows:
        2024 adalah sebagai berikut:

                                           31 Desember 2025/    31 Desember 2024/
                                           December 31, 2025    December 31, 2024

        Kredit yang diberikan                         59.319                 66.944                                      Loans
        Rata - rata jangka waktu kredit (tahun)        5 - 15                 5 - 15             Average of loan period (years)

   h.   Pada tanggal 5 April 2021, Bank melakukan                     h.    On April 5, 2021, the Bank entered into a first
        addendum pertama perjanjian kerja sama                              addendum cooperation agreement with
        dengan PT Bank Mandiri (Persero) Tbk (“Bank                         PT Bank Mandiri (Persero) Tbk ("Bank
        Mandiri”),     pihak      berelasi,     untuk                       Mandiri"), a related party, to merge the Bank's
        menggabungkan ATM milik Bank dalam                                  ATMs in the ATM switching of Bank Mandiri so
        switching ATM milik Bank Mandiri sehingga                           that the Bank's customers are entitled to use
        nasabah Bank berhak untuk menggunakan                               the ATMs owned by Bank Mandiri. This
        ATM milik Bank Mandiri. Perjanjian ini berlaku                      agreement is valid from April 5, 2021 and
        mulai tanggal 5 April 2021 dan terus berlaku                        continues until there is written notification from
        hingga ada pemberitahuan tertulis dari pihak                        the party who wants to terminate the
        yang ingin mengakhiri perjanjian.                                   agreement.




                                                          128
Page 986
                                                                          The original financial statements included herein are in
                                                                                                            Indonesian language.

          PT BANK MANDIRI TASPEN                                           PT BANK MANDIRI TASPEN
     CATATAN ATAS LAPORAN KEUANGAN                                    NOTES TO THE FINANCIAL STATEMENTS
      Tanggal 31 Desember 2025 dan untuk                                   As of December 31, 2025 and
   Tahun yang Berakhir pada Tanggal Tersebut                                 for the Year Then Ended
        (Disajikan dalam jutaan Rupiah,                                  (Expressed in millions of Rupiah,
            kecuali dinyatakan lain)                                         unless otherwise stated)


42. PERJANJIAN SIGNIFIKAN (lanjutan)                              42. SIGNIFICANT AGREEMENTS (continued)

   i.   Pada tanggal 13 April 2022, Bank melakukan                   i.    On April 13, 2022, the Bank entered into a
        perjanjian kerja sama dengan PT Asuransi                           cooperation agreement with PT Asuransi Kredit
        Kredit Indonesia tentang penjamin Kredit                           Indonesia, a related party, regarding guarantor
        Usaha Rakyat (KUR). Perjanjian ini berlaku                         of Kredit Usaha Rakyat (KUR). This agreement
        selama 3 (tiga) tahun sejak tanggal 19 Januari                     is valid for 3 (three) years from
        2022 dan berakhir pada tanggal 18 Januari                          January 19, 2022 to January 18, 2025.
        2025. Pada tanggal 26 November 2024,                               On November 26, 2024, this agreement has
        perjanjian ini telah diperpanjang hingga                           been extended up to November 26, 2027.
        26 November 2027.

   j.   Pada tanggal 22 Januari 2024, Bank                           j.    On January 22, 2024, the Bank signed a
        melakukan perjanjian kerja sama pembiayaan                         cooperation agreement regarding Joint
        kendaraan bermotor dengan PT Mandiri Utama                         Financing with PT Mandiri Utama Finance
        Finance (MUF) melalui produk joint financing.                      (MUF). The joint financing limit including
        Besarnya limit kerja sama untuk pembiayaan                         financing for the credit takeover is amounting to
        bersama       termasuk    untuk     pembiayaan                     Rp1,000,000 which is valid for 1 (one) year
        pengambilalihan piutang adalah sebesar                             since the agreement was signed.              This
        Rp1.000.000 yang berlaku 1 (satu) tahun sejak                      agreement is valid for a period of 1 (one) year
        perjanjian ditandatangani. Perjanjian ini berlaku                  from December 1, 2023 to December 1, 2024
        dengan jangka waktu 1 (satu) tahun sejak                           and an addendum was made on March 17,
        tanggal 1 Desember 2023 sampai dengan                              2025, extending the agreement period from
        1 Desember 2024 dan dilakukan addendum                             December 1, 2024, to December 1, 2027.
        pada tanggal 17 Maret 2025 dengan jangka
        waktu perjanjian 1 Desember 2024 sampai
        dengan 1 Desember 2027.

   k.   Pada tanggal 10 Januari 2024, Bank                           k.    On January 10, 2024, the Bank entered into a
        melakukan perjanjian kerja sama dengan                             cooperation agreement with PT Fintek Karya
        PT Fintek Karya Nusantara (FINARYA) tentang                        Nusantara     (FINARYA)    regarding   Fund
        Layanan Penyaluran Dana melalui LinkAja.                           Distribution Services through LinkAja. This
        Perjanjian ini berlaku selama 3 (tiga) tahun                       agreement is valid for 3 (three) years from
        sejak tanggal 1 Oktober 2024 dan berakhir                          October 1, 2024 to September 30, 2027.
        sampai dengan 30 September 2027.

   l.   Pada tanggal 20 Mei 2024, Bank melakukan                     l.    On May 20, 2024, the Bank entered into a
        perjanjian kerjasama dengan PT Heksa                               cooperation agreement with PT Heksa Solution
        Solution     Insurance     tentang     Perjanjian                  Insurance regarding the Cooperation of
        Kerjasama Bancassurance Model Bisnis                               Bancassurance Business Model Integration for
        Integrasi    Produk-Produk      Deposito     Pro.                  Time Deposit Products. This agreement is valid
        Perjanjian ini berlaku selama 3 (tiga) tahun dan                   for 3 (three) years and can be extended based
        dapat diperpanjang kembali berdasarkan                             on the agreement of the Parties.
        kesepakatan Para Pihak.

   m. Pada tanggal 25 Oktober 2024, Bank                             m. On October 25, 2024, the Bank entered into a
      melakukan perjanjian kerjasama dengan                             cooperation agreement with PT Bank Mandiri
      PT Bank Mandiri (Persero) Tbk tentang                             (Persero) Tbk regarding the Implementation of
      Penyelenggaraan Layanan Top Up Mandiri                            Mandiri E-Money Top Up Services via API. This
      E-Money melalui API. Perjanjian ini berlaku                       agreement is valid for 3 (three) years and can
      selama 3 (tiga) tahun dan dapat diperpanjang                      be extended based on the agreement of the
      berdasarkan kesepakatan Para Pihak.                               Parties.

   n.   Pada tanggal 18 Desember 2024, Bank                          n.    On December 18, 2024, the Bank entered into
        melakukan perjanjian kerjasama dengan                              a cooperation agreement with PT Bank Mandiri
        PT Bank Mandiri (Persero) tentang Pemasaran                        (Persero) Tbk regarding Joint Marketing of
        Bersama Produk Kredit Pra Pensiun PT Bank                          PT Bank Mandiri Taspen Pre-Retirement Credit
        Mandiri Taspen. Perjanjian ini berlaku selama                      Products. This agreement is valid for 1 (one)
        1 (satu) tahun sampai dengan tanggal                               year until December 18, 2025 and in process of
        18 Desember 2025 dan sedang dalam proses                           extention.
        perpanjangan.

                                                            129
Page 987
                                                                                    The original financial statements included herein are in
                                                                                                                      Indonesian language.

           PT BANK MANDIRI TASPEN                                                     PT BANK MANDIRI TASPEN
      CATATAN ATAS LAPORAN KEUANGAN                                              NOTES TO THE FINANCIAL STATEMENTS
       Tanggal 31 Desember 2025 dan untuk                                             As of December 31, 2025 and
    Tahun yang Berakhir pada Tanggal Tersebut                                           for the Year Then Ended
         (Disajikan dalam jutaan Rupiah,                                            (Expressed in millions of Rupiah,
             kecuali dinyatakan lain)                                                   unless otherwise stated)


43. TAMBAHAN INFORMASI ARUS KAS                                          43. ADDITIONAL CASH FLOW INFORMATION
    Rekonsiliasi liabilitas yang timbul dari aktivitas                          The reconciliation of liabilities that arised from
    pendanaan adalah sebagai berikut:                                           financing activities are as follows:
                                                                           Perubahan
                                                                            nonkas -
                                                                           amortisasi
                                                                        biaya transaksi/
                                                                       Non-cash activities
                                    1 Januari 2025/     Arus Kas/       - amortization of 31 Desember 2025/
                                    January 1, 2025    Cash Flows      transaction cost    December 31, 2025

  Surat berharga yang diterbitkan          1.199.093      1.500.000               (3.677)          2.695.416                   Securities issued
  Pinjaman yang diterima                   5.750.000       (750.000)                   -           5.000.000                        Borrowings
  Liabilitas sewa                            182.866        (49.503)              33.333             166.696                    Lease liabilities

  Total liabilitas dari                                                                                          Total liabilities from financing
     aktivitas pendanaan                   7.131.959       700.497                29.656           7.862.112                          activities


                                                                            Perubahan
                                                                             nonkas -
                                                                            amortisasi
                                                                         biaya transaksi/
                                                                       Non-cash activities -
                                    1 Januari 2024/     Arus Kas/         amortization of    31 Desember 2024/
                                    January 1, 2024    Cash Flows       transaction cost     December 31, 2024

  Surat berharga yang diterbitkan          2.297.565     (1.100.000)               1.528           1.199.093                   Securities issued
  Pinjaman yang diterima                   4.250.000      1.500.000                    -           5.750.000                        Borrowings
  Liabilitas sewa                            204.081        (48.450)              27.235             182.866                    Lease liabilities

  Total liabilitas dari                                                                                          Total liabilities from financing
     aktivitas pendanaan                   6.751.646       351.550                28.763           7.131.959                          activities



44. STANDAR    AKUNTANSI   YANG    TELAH                                 44. ACCOUNTING STANDARDS ISSUED BUT NOT
    DISAHKAN NAMUN BELUM BERLAKU EFEKTIF                                     YET EFFECTIVE

    Berikut ini ikhtisar Pernyataan Standar Akuntansi                          The following summarizes the Statements of
    Keuangan (PSAK) dan Interpretasi Standar                                   Financial Accounting Standards (PSAK) and
    Akuntansi Keuangan (ISAK) yang telah disahkan                              Interpretation of Financial Accounting Standards
    oleh Dewan Standar Akuntansi Keuangan (DSAK)                               (ISAK) issued by the Board of Financial Accounting
    namun belum berlaku efektif untuk laporan                                  Standards (DSAK) but not yet effective for the
    keuangan untuk tahun yang berakhir pada tanggal                            financial statements for the year ended
    31 Desember 2025:                                                          December 31, 2025:
    Efektif 1 Januari 2026                                                     Effective January 1, 2026

   Amendemen PSAK 109 "Instrumen Keuangan"                                     Amendments to PSAK No. 109 on “Financial
                                                                               Instruments”
    Amendemen ini menambahkan dan mengklarifikasi                              This amendment adds and clarifies the provisions in
    ketentuan dalam PSAK 109 terkait penghentian                               PSAK No. 109 regarding the derecognition of
    pengakuan        liabilitas   keuangan,        serta                       financial liabilities, as well as clarifying the
    mengklarifikasi penilaian karakteristik arus kas                           assessment of cash flow characteristics for financial
    untuk aset keuangan dengan fitur ESG-linked, aset                          assets with ESG-linked features, financial assets
    keuangan dengan fitur non-recourse, dan instrumen                          with non-recourse features, and contractually bound
    yang terikat secara kontraktual seperti tranche.                           instruments such as tranches.
   Amendemen PSAK 107 "Instrumen Keuangan:                                     Amendments to PSAK No. 107 on “Financial
   Pengungkapan" tentang Klasifikasi dan Pengukuran                            Instruments” on Classification and Measurement of
   Instrumen Keuangan.                                                         Financial Instruments.
    Amendemen ini juga mengubah ketentuan dalam                                This amendment also changes the provisions in
    PSAK 107 terkait persyaratan pengungkapan                                  PSAK No. 107 regarding disclosure requirements
    investasi pada instrumen ekuitas yang diukur pada                          for investments in equity instruments measured at
    nilai wajar melalui penghasilan komprehensif lain                          fair value through other comprehensive income and
    dan menambah ketentuan terkait instrumen                                   adds provisions regarding financial instruments with
    keuangan dengan persyaratan kontraktual yang                               contractual terms that change the timing or amount
    mengubah waktu atau jumlah arus kas kontraktual.                           of contractual cash flows.
    Bank masih dalam proses melakukan evaluasi atas                            The Bank is still in the process of evaluating the
    dampak dari amendemen dan PSAK baru tersebut                               impact of the amendments and new PSAK
    di atas terhadap laporan keuangan Bank.                                    mentioned above to the Bank's financial statements.

                                                              130
Page 988
                                                                      The original financial statements included herein are in
                                                                                                        Indonesian language.

          PT BANK MANDIRI TASPEN                                        PT BANK MANDIRI TASPEN
     CATATAN ATAS LAPORAN KEUANGAN                                 NOTES TO THE FINANCIAL STATEMENTS
      Tanggal 31 Desember 2025 dan untuk                                As of December 31, 2025 and
   Tahun yang Berakhir pada Tanggal Tersebut                              for the Year Then Ended
        (Disajikan dalam jutaan Rupiah,                               (Expressed in millions of Rupiah,
            kecuali dinyatakan lain)                                      unless otherwise stated)


44. STANDAR    AKUNTANSI   YANG   TELAH                         44. ACCOUNTING STANDARDS ISSUED BUT NOT
    DISAHKAN NAMUN BELUM BERLAKU EFEKTIF                            YET EFFECTIVE (continued)
    (lanjutan)

   Berikut ini ikhtisar Pernyataan Standar Akuntansi               The following summarizes the Statements of
   Keuangan (PSAK) dan Interpretasi Standar                        Financial Accounting Standards (PSAK) and
   Akuntansi Keuangan (ISAK) yang telah disahkan                   Interpretation of Financial Accounting Standards
   oleh Dewan Standar Akuntansi Keuangan (DSAK)                    (ISAK) issued by the Board of Financial Accounting
   namun belum berlaku efektif untuk laporan                       Standards (DSAK) but not yet effective for the
   keuangan untuk tahun yang berakhir pada tanggal                 financial statements for the year ended
   31 Desember 2025: (lanjutan)                                    December 31, 2025: (continued)

   Efektif 1 Januari 2027                                          Effective January 1, 2027

  PSAK 118: Penyajian dan Pengungkapan Laporan                    Amendments to PSAK No. 109 on “Financial
  Keuangan                                                        Instruments”

   PSAK        118    menggantikan      PSAK      201,             PSAK 118 which replaces PSAK 201, introduces
   memperkenalkan persyaratan baru untuk penyajian                 new requirements for presentation within the
   dalam laporan laba rugi, termasuk total dan subtotal            statement of profit or loss, including specified totals
   yang ditentukan. PSAK ini juga mengharuskan                     and subtotals. It also requires disclosure of
   pengungkapan ukuran kinerja yang ditentukan oleh                management defined performance measures in the
   manajemen dalam catatan dan mencakup                            notes and includes new requirements for
   persyaratan baru untuk agregasi dan disaggregasi                aggregation and disaggregation of financial
   informasi keuangan berdasarkan ‘peran’ yang                     information based on the identified ‘roles’ of the
   diidentifikasi dari laporan keuangan utama dan                  primary financial statements and the notes.
   catatan.

   Amandemen berlaku secara retrospektif untuk                     The amendment applies retrospectively to annual
   periode pelaporan tahunan yang dimulai pada atau                reporting periods beginning on or after January 1,
   setelah 1 Januari 2027. Penerapan dini                          2027. Earlier application is permitted. The Bank is
   diperkenankan. Bank saat ini sedang menilai                     currently assessing the impact of the amendment to
   dampak dari amandemen tersebut             untuk                determine the impact they will have on the Bank’s
   menentukan dampaknya terhadap pelaporan                         financial reporting.
   keuangan Bank.

   Manajemen masih melakukan persiapan dalam                       The management intends to adopt these new
   penerapan      standar    baru   tersebut     yang              standards that are considered relevant to the Bank
   dipetimbangkan relevan terhadap Bank pada saat                  when they become effective, and the impact to the
   efektf, dan pengaruhnya terhadap posisi dan kinerja             financial position and performance of the Bank is still
   keuangan Bank masih diestimasi sampai tanggal                   being estimated until the report date.
   laporan keuangan.




                                                          131
Page 989
                                                                                     The original financial statements included herein are in
                                                                                                                       Indonesian language.

              PT BANK MANDIRI TASPEN                                                  PT BANK MANDIRI TASPEN
         CATATAN ATAS LAPORAN KEUANGAN                                           NOTES TO THE FINANCIAL STATEMENTS
          Tanggal 31 Desember 2025 dan untuk                                          As of December 31, 2025 and
       Tahun yang Berakhir pada Tanggal Tersebut                                        for the Year Then Ended
            (Disajikan dalam jutaan Rupiah,                                         (Expressed in millions of Rupiah,
                kecuali dinyatakan lain)                                                unless otherwise stated)


45. PENGUNGKAPAN    INFORMASI   TAMBAHAN                                    45. ADDITIONAL DISCLOSURE ON NOTES TO THE
    DALAM CATATAN ATAS LAPORAN KEUANGAN                                         FINANCIAL STATEMENTS

       Informasi tambahan berikut merupakan informasi                           The following additional information is information
       yang tidak dipersyaratkan untuk diungkapkan oleh                         that is not required to be disclosed by Indonesian
       Standar Akuntansi Keuangan di Indonesia.                                 Financial Accounting Standards. Such additional
       Informasi tersebut disusun sesuai dengan regulasi                        information was prepared in accordance with
       Otoritas Jasa Keuangan.                                                  regulations of Financial Services Authority.

       Giro Wajib Minimum                                                       Minimum Statutory Reserve Requirement

       Giro Wajib Minimum (GWM) Bank pada tanggal                               The    Bank’s   Minimum   Statutory   Reserve
       31 Desember 2025 dan 2024 dihitung berdasarkan                           Requirement (GWM) as of December 31, 2025 and
       Peraturan Bank Indonesia:                                                2024 is calculated based on Bank Indonesia’s
                                                                                Regulation:

                                                31 Desember 2025/         31 Desember 2024/
                                                December 31, 2025         December 31, 2024

  Rupiah                                                                                                                           Rupiah
    - GWM Primer*)                                              4,70%                   6,25%                            Primary GWM*) -
       (i) GWM secara harian                                    0,00%                   0,00%                            Daily GWM (i)
       (ii) GWM secara rata-rata                                4,70%                   6,25%                         Average GWM (ii)
    - GWM PLM                                                   4,00%                   5,02%                                PLM GWM -

  *)    Sesuai dengan PADG No. 8 Tahun 2025 berdasarkan Perubahan               *)   In accordance with PADG No. 08 of 2025 based on the Third
        Ketiga atas PADG No. 24/8/PADG/2022 dan mempertimbangkan                     Amendment to PADG No. 24/8/PADG/2022 and considering
        Surat Bank Indonesia No. 27/250/DKMP/Srt/B Perihal Informasi                 Bank Indonesia Letter No. 27/250/DKMP/Srt/B Concerning
        Pemberian Kebijakan Insentif Likuiditas Makroprudensial (KLM)                Information on the Provision of Macroprudential Liquidity
        dan Besaran KLM Periode Bulan Desember 2025.                                 Incentive (KLM) Policies and the Amount of KLM for the Period
                                                                                     of December 2025.

       Pada tanggal 20 Oktober 2025, Bank Indonesia                             On October 20, 2025, Bank Indonesia issued PADG
       mengeluarkan PADG No. 23 Tahun 2025 tentang                              No. 23 of 2025 concerning the Macroprudential
       Rasio Intermediasi Makroprudensial dan Penyangga                         Intermediation Ratio and Macroprudential Liquidity
       Likuiditas Makroprudensial bagi Bank Umum                                Buffer for Conventional Commercial Banks, Sharia
       Konvensional, Bank Umum Syariah, dan Unit Usaha                          Commercial Banks, and Sharia Business Units,
       Syariah yang berlaku mulai 1 Desember 2025.                              which is effective from December 1, 2025.

       Pada tanggal 31 Desember 2025 dan 2024, Bank                             As of December 31, 2025 and 2024, the Bank has
       telah memenuhi rasio seperti telah disebutkan di                         fulfilled all the requirements as mentioned above.
       atas. Rasio Giro Wajib Minimum untuk rekening                            The ratio of the Minimum Statutory Reserve
       Rupiah yaitu masing-masing sebesar:                                      requirement for its Rupiah accounts are as follows:

                                                31 Desember 2025/         31 Desember 2024/
                                                December 31, 2025         December 31, 2024

  Rupiah                                                                                                                           Rupiah
    - GWM Primer                                               5,88%                    5,02%                             Primary GWM -
       (i) GWM secara harian                                   0,00%                    0,00%                            Daily GWM (i)
       (ii) GWM secara rata-rata                               5,88%                    5,02%                         Average GWM (ii)
    - GWM PLM                                                 23,74%                   15,92%                                PLM GWM -

       Pada tanggal 31 Desember 2025 dan 2024, Rasio                            On December 31, 2025 and 2024, the Bank’s
       Intermediasi Makroprudensial (RIM) berada dalam                          Macroprudential Intermediation Ratio (RIM) was
       kisaran RIM target. Pada tanggal 31 Desember 2025                        within the RIM target range. On December 31, 2025
       dan 2024, Kewajiban Penyediaan Modal Minimum                             and 2024, Capital Adequacy Ratio (CAR) of the
       (KPMM) Bank lebih besar dari KPMM insentif.                              Bank was greater than CAR incentives.




                                                                    132
Page 990
                                                                                                         The original financial statements included herein are in
                                                                                                                                           Indonesian language.

          PT BANK MANDIRI TASPEN                                                                      PT BANK MANDIRI TASPEN
     CATATAN ATAS LAPORAN KEUANGAN                                                               NOTES TO THE FINANCIAL STATEMENTS
      Tanggal 31 Desember 2025 dan untuk                                                              As of December 31, 2025 and
   Tahun yang Berakhir pada Tanggal Tersebut                                                            for the Year Then Ended
        (Disajikan dalam jutaan Rupiah,                                                             (Expressed in millions of Rupiah,
            kecuali dinyatakan lain)                                                                    unless otherwise stated)


45. PENGUNGKAPAN    INFORMASI  TAMBAHAN                                                  45. ADDITIONAL DISCLOSURE ON NOTES TO THE
    DALAM CATATAN ATAS LAPORAN KEUANGAN                                                      FINANCIAL STATEMENTS (continued)
    (lanjutan)

   Aset berdasarkan kolektibilitas                                                              Assets by collectibility

   Kolektibilitas aset sesuai dengan Peraturan Otoritas                                         Assets collectibility in accordance with Regulation of
   Jasa Keuangan (“POJK”) No. 40/POJK.03/2019                                                   the Financial Services Authority (“POJK”)
   tanggal 19 Desember 2019 tentang Penilaian                                                   No. 40/POJK.03/2019 dated December 19, 2019
   Kualitas Aset Bank Umum adalah sebagai berikut:                                              regarding “Asset Quality Ratings for Bank” are as
                                                                                                follows:

                                                                    31 Desember 2025/December 31, 2025

                                                      Dalam
                                                    Perhatian
                                                    Khusus/
                                  Lancar/            Special        Kurang Lancar/      Diragukan/             Macet/
                                  Current            Mention         Sub-standard        Doubtful              Loss                 Total

      Giro pada Bank                                                                                                                                       Current accounts with
         Indonesia                  1.283.107                   -                  -                 -                    -         1.283.107                  Bank Indonesia
      Giro pada bank                                                                                                                                       Current accounts with
         lain                          74.756                   -                  -                 -                    -            74.756                      other banks
      Penempatan pada Bank                                                                                                                                      Placements with
         Indonesia dan                                                                                                                                     Bank Indonesia and
         bank lain                 6.361.889                    -                  -                 -                    -         6.361.889                      other banks
      Efek-efek                   13.019.332                                                                                       13.019.332                         Securities
      Efek-efek yang dibeli
         dengan janji dijual                                                                                                                         Securities purchased under
         kembali                   1.014.855                  -                   -                 -                     -         1.014.855            agreements to resell
      Kredit yang diberikan       49.983.033            230.051              89.408         134.609                93.615          50.530.716                             Loans
      Aset lain-lain*)               477.744              1.826                   -               -                     -             479.570                     Other assets*)

                                  72.214.716            231.877              89.408         134.609                93.615          72.764.225
      Dikurangi:                                                                                                                                                           Less:
         Cadangan Kerugian                                                                                                                                        Allowance of
         Penurunan Nilai             (558.476)           (54.781)           (34.435)        (57.654)              (65.084)           (770.430)              Impairment Losses

      Neto                        71.656.240            177.096              54.973          76.955                28.531          71.993.795                                  Net



                                                                    31 Desember 2024/December 31, 2024

                                                      Dalam
                                                    Perhatian
                                                    Khusus/
                                  Lancar/            Special        Kurang Lancar/      Diragukan/             Macet/
                                  Current            Mention         Sub-standard        Doubtful              Loss                 Total

      Giro pada Bank                                                                                                                                       Current accounts with
         Indonesia                  3.122.333                   -                  -                 -                    -         3.122.333                  Bank Indonesia
      Giro pada bank                                                                                                                                       Current accounts with
         lain                          47.978                   -                  -                 -                    -            47.978                      other banks
      Penempatan pada Bank                                                                                                                                      Placements with
         Indonesia dan                                                                                                                                     Bank Indonesia and
         bank lain                 2.179.682                    -                  -                 -                    -         2.179.682                      other banks
      Efek-efek                   12.729.293                    -                  -                 -                    -        12.729.293                         Securities
      Efek-efek yang dibeli
         dengan janji dijual                                                                                                                         Securities purchased under
         kembali                   1.277.381                  -                   -               -                     -           1.277.381            agreements to resell
      Kredit yang diberikan       45.860.204            225.805              69.121          53.572                52.713          46.261.415                             Loans
      Aset lain-lain*)               416.609              1.925                   -               -                     -             418.534                     Other assets*)

                                  65.633.480            227.730              69.121          53.572                52.713          66.036.616
      Dikurangi:                                                                                                                                                           Less:
         Cadangan Kerugian                                                                                                                                        Allowance of
         Penurunan Nilai             (652.128)           (52.581)           (27.494)        (32.782)              (52.530)           (817.515)              Impairment Losses

      Neto                        64.981.352            175.149              41.627          20.790                     183        65.219.101                                  Net



          *)   Aset lain-lain terdiri dari pendapatan bunga yang masih akan                              *)   Other assets consist of accrued interest receivables, insurance claim
               diterima, tagihan klaim asuransi, tagihan transaksi ATM, tagihan                               receivables, ATM receivables, receivables to third parties and security
               kepada pihak ketiga dan setoran jaminan.                                                       deposits.




                                                                                  133
Page 991
                                                                   The original financial statements included herein are in
                                                                                                     Indonesian language.

          PT BANK MANDIRI TASPEN                                      PT BANK MANDIRI TASPEN
     CATATAN ATAS LAPORAN KEUANGAN                               NOTES TO THE FINANCIAL STATEMENTS
      Tanggal 31 Desember 2025 dan untuk                              As of December 31, 2025 and
   Tahun yang Berakhir pada Tanggal Tersebut                            for the Year Then Ended
        (Disajikan dalam jutaan Rupiah,                             (Expressed in millions of Rupiah,
            kecuali dinyatakan lain)                                    unless otherwise stated)


45. PENGUNGKAPAN    INFORMASI  TAMBAHAN                     45. ADDITIONAL DISCLOSURE ON NOTES TO THE
    DALAM CATATAN ATAS LAPORAN KEUANGAN                         FINANCIAL STATEMENTS (continued)
    (lanjutan)

   Kredit Direstrukturisasi                                     Restructured Loans
   Kredit yang diberikan yang telah direstrukturisasi           The restructured loans by the Bank based on the
   oleh Bank berdasarkan kolektibilitas OJK pada                collectibility of OJK as of December 31, 2025 and
   tanggal 31 Desember 2025 dan 2024 adalah sebagai             2024 are as follows:
   berikut:
                                    31 Desember 2025/     31 Desember 2024/
                                    December 31, 2025     December 31, 2024

     Lancar                                     17.478               30.961                                     Current
     Dalam Perhatian Khusus                      4.066                6.875                             Special Mention
     Kurang lancar                                 279                  365                               Sub-standard
     Diragukan                                     549                  357                                    Doubtful
     Macet                                         668                  698                                       Loss

     Total                                      23.040               39.256                                        Total


   Rasio Non-Performing Loan                                    Non-Performing Loan Ratio
   Jumlah minimum cadangan kerugian penurunan nilai             The minimum allowance for impairment losses on
   kredit bermasalah yang wajib dibentuk sesuai                 non-performing loans provided based on OJK
   dengan Peraturan OJK adalah sebesar Rp173.143                Regulation amounted Rp173,143 and Rp89,073 as
   dan Rp89.073 masing-masing pada tanggal                      of December 31, 2025 and 2024, respectively.
   31 Desember 2025 dan 2024.
   Rasio kredit bermasalah dihitung sesuai dengan               The ratio of non-performing loans is calculated in
   pedoman perhitungan rasio keuangan sebagaimana               accordance with the financial ratio calculation
   tercantum dalam Surat Edaran Bank Indonesia (“SE-            guidelines as stated in Bank Indonesia Circular
   BI”) No. 3/30/DPNP tanggal 14 Desember 2001                  Letter ("SE-BI") No. 3/30/DPNP dated December
   sebagaimana telah diubah terakhir dengan SE-BI               14, 2001 as last amended by Bank Indonesia
   No. 13/30/DPNP tanggal 16 Desember 2011.                     Circular Letter No. 13/30/DPNP dated December
                                                                16, 2011.
   Rasio kredit bermasalah (“NPL”) Bank secara bruto            The Bank's gross NPL ratio (before deducting the
   (sebelum dikurangi cadangan kerugian penurunan               allowance for impairment losses) as of
   nilai) pada tanggal 31 Desember 2025 dan 2024,               December 31, 2025 and 2024, amounted to
   masing-masing sebesar Rp317.632 dan Rp175.406,               Rp317,632 and Rp175,406, respectively, 0.63% or
   atau masing-masing sebesar 0,63% dan 0,38%.                  0.38%, respectively.
   Rasio kredit bermasalah Bank secara neto pada                The Bank's net non-performing loans ratio as of
   tanggal 31 Desember 2025 dan 2024, masing-                   December 31, 2025 and 2024, amounted to
   masing sebesar Rp160.459 dan Rp62.599 atau                   Rp160,459 and Rp62,599, respectively, or 0.32%
   masing-masing sebesar 0,32% dan 0,14%.                       and 0.14%, respectively.




                                                    134
Page 992
                                                                           The original financial statements included herein are in
                                                                                                             Indonesian language.

          PT BANK MANDIRI TASPEN                                              PT BANK MANDIRI TASPEN
     CATATAN ATAS LAPORAN KEUANGAN                                       NOTES TO THE FINANCIAL STATEMENTS
      Tanggal 31 Desember 2025 dan untuk                                      As of December 31, 2025 and
   Tahun yang Berakhir pada Tanggal Tersebut                                    for the Year Then Ended
        (Disajikan dalam jutaan Rupiah,                                     (Expressed in millions of Rupiah,
            kecuali dinyatakan lain)                                            unless otherwise stated)


45. PENGUNGKAPAN    INFORMASI  TAMBAHAN                             45. ADDITIONAL DISCLOSURE ON NOTES TO THE
    DALAM CATATAN ATAS LAPORAN KEUANGAN                                 FINANCIAL STATEMENTS (continued)
    (lanjutan)

   Kewajiban Penyediaan Modal Minimum                                    Minimum Capital Requirement

   Kewajiban Penyediaan Modal Minimum (“KPMM”)                          Minimum Capital Adequacy Ratio ("KPMM") is the
   adalah rasio modal terhadap Aset Tertimbang                          ratio of capital to Risk Weighted Assets ("RWA").
   Menurut Risiko (“ATMR”). Perhitungan KPMM pada                       The calculation of KPMM as of December 31, 2025
   tanggal 31 Desember 2025 dan 2024 didasarkan                         and 2024 is based on OJK’s Regulation
   pada Peraturan OJK No. 34/POJK.03/2016 tanggal                       No. 34/POJK.03/2016 dated September 22, 2016
   22      September      2016       dan    POJK                        and OJK’s Regulation No.27/POJK.03/2022 dated
   No.27/POJK.03/2022 tanggal 26 Desember 2022.                         December 26, 2022.
   Untuk perhitungan Aset Tertimbang Menurut Risiko                     The calculation of Risk Weighted Assets (RWA),
   (ATMR), Bank menggunakan Pendekatan Standar                          Bank uses Basel III Reforms Standardized
   Basel III Reforms untuk ATMR Kredit mengacu pada                     Approach for Credit Risk based on SEOJK
   SEOJK No.24/SEOJK.03/2021, sedangkan untuk                           No.24/SEOJK.03/2021, whereas for Operational
   ATMR Operasional mengacu pada SEOJK                                  Risk based on SEOJK No.06/SEOJK.03/2020.
   No.06/SEOJK.03/2020.

   Rasio kewajiban penyediaan modal Bank dengan                         The Bank's capital adequacy ratio by taking into
   memperhitungkan risiko kredit, risiko operasional,                   account credit risk, operational risk, and market risk
   dan risiko pasar pada tanggal 31 Desember 2025                       on December 31, 2025 and 2024 is as follows:
   dan 2024 adalah sebagai berikut:
                                            31 Desember 2025/     31 Desember 2024/
                                            December 31, 2025     December 31, 2024

  Rasio KPMM                                                                                                        CAR Ratio
  Modal:                                                                                                                Capital:
    Modal Inti (Tier 1)                                                                                 Core Capital (Tier 1)
      Modal Inti Utama (CET-1)                       9.163.760             7.469.576                 Common Equity (CET-1)
      Modal Inti Tambahan (AT-1)                             -                     -                   Additional Tier (AT-1)

    Total modal inti (Tier 1)                        9.163.760             7.469.576              Total Core Capital (Tier 1)
    Modal Pelengkap (Tier 2)                           362.509               332.969           Supplementary Capital (Tier 2)

  Total Modal untuk Risiko Kredit, Risiko                                                          Total Capital for Credit Risk,
    Operasional, dan Risiko Pasar                    9.526.269             7.802.545                 Operational and Market

  Rasio KPMM                                                                                                       CAR Ratio
  Aset Tertimbang Menurut                                                                        Risk Weighted Assets (ATMR)
    Risiko (ATMR) Kredit                           28.853.320             26.499.997                            Credit Risk
  Aset Tertimbang Menurut                                                                        Risk Weighted Assets (ATMR)
    Risiko (ATMR) Operasional                        2.273.959             1.949.063                       Operational Risk
  Aset Tertimbang Menurut                                                                        Risk Weighted Assets (ATMR)
    Risiko (ATMR) Pasar                               140.828                         -                         Market Risk

  Total ATMR untuk Risiko Kredit,                                                                  Total ATMR for Credit Risks,
    Risiko Operasional                                                                                     Operational Risks,
    dan Risiko Pasar                               31.268.107             28.449.060                        and Market Risks

  Rasio KPMM                                                                                           Capital Adequancy Ratio
    Rasio CET-1                                        29,31%                26,26%                              CET-1 Ratio
    Rasio Tier 1                                       29,31%                26,26%                              Tier 1 Ratio
    Rasio Tier 2                                        1,16%                 1,17%                              Tier 2 Ratio

    Rasio Total                                        30,47%                27,43%                                Total Ratio

  Rasio Minimum CET-1                                   4,50%                 4,50%                      CET-1 Minimum Ratio
  Rasio Minimum Tier 1                                  6,00%                 6,00%                      Tier 1 Minimum Ratio
  Rasio KPMM Minimum                                                                                   Minimum CAR based on
    berdasarkan profil risiko                           8,00%                 8,00%                               risk profile




                                                            135
Page 993
                                                                      The original financial statements included herein are in
                                                                                                        Indonesian language.

          PT BANK MANDIRI TASPEN                                        PT BANK MANDIRI TASPEN
     CATATAN ATAS LAPORAN KEUANGAN                                 NOTES TO THE FINANCIAL STATEMENTS
      Tanggal 31 Desember 2025 dan untuk                                As of December 31, 2025 and
   Tahun yang Berakhir pada Tanggal Tersebut                              for the Year Then Ended
        (Disajikan dalam jutaan Rupiah,                               (Expressed in millions of Rupiah,
            kecuali dinyatakan lain)                                      unless otherwise stated)


45. PENGUNGKAPAN    INFORMASI  TAMBAHAN                         45. ADDITIONAL DISCLOSURE ON NOTES TO THE
    DALAM CATATAN ATAS LAPORAN KEUANGAN                             FINANCIAL STATEMENTS (continued)
    (lanjutan)

   Batas Maksimum Pemberian Kredit                                 Legal Lending Limit

   Pada tanggal 31 Desember 2025 dan 2024, tidak                   As of December 31, 2025 and 2024, there are no
   terdapat pelanggaran ataupun pelampauan Batas                   breach or violation of the Legal Lending Limit
   Maksimum Pemberian Kredit (“BMPK”) kepada                       ("LLL") to third parties and related parties as
   pihak ketiga dan pihak berelasi sesuai dengan                   required by Bank Indonesia regulations.
   peraturan yang telah ditetapkan Bank Indonesia.

   Kredit Usaha Kecil                                              Loans to Small Business

   Rasio kredit usaha kecil terhadap jumlah kredit yang            The ratio of loans to small business to total loans as
   diberikan pada tanggal 31 Desember 2025 dan                     of December 31, 2025 and 2024 are 0.37% and
   2024 masing-masing sebesar 0,37% dan 0,35%.                     0.35%, respectively.


46. PENYELESAIAN LAPORAN KEUANGAN                               46. COMPLETION            OF       THE         FINANCIAL
                                                                    STATEMENTS

   Manajemen Bank bertanggung jawab penuh atas                     The management of the Bank is responsible for the
   penyusunan     laporan     keuangan      ini   yang             preparation of these financial statements which
   diselesaikan dan diotorisasi untuk diterbitkan pada             were completed and authorized for issued on
   tanggal 4 Februari 2026.                                        February 4, 2026.




                                                          136
Page 994
PT Bank Mandiri (Persero) Tbk
dan entitas anaknya/and its subsidiaries

Laporan keuangan konsolidasian tanggal 31 Desember 2025
dan untuk tahun yang berakhir pada tanggal tersebut
beserta laporan auditor independen/
Consolidated financial statements as of 31 December 2025
and for the year then ended
with independent auditor’s report
Page 995

          
Page 996
                                                            The original consolidated financial statements included herein
                                                                                          are in the Indonesian language.

         PT BANK MANDIRI (PERSERO) Tbk                            PT BANK MANDIRI (PERSERO) Tbk
             DAN ENTITAS ANAKNYA                                       AND ITS SUBSIDIARIES
       LAPORAN KEUANGAN KONSOLIDASIAN                          CONSOLIDATED FINANCIAL STATEMENTS
           TANGGAL 31 DESEMBER 2025                                   AS OF 31 DECEMBER 2025
        DAN UNTUK TAHUN YANG BERAKHIR                                    AND FOR THE YEAR
            PADA TANGGAL TERSEBUT                                           THEN ENDED
      BESERTA LAPORAN AUDITOR INDEPENDEN                       WITH INDEPENDENT AUDITOR’S REPORT




                                               Daftar Isi/
                                           Table of Contents

                                                                                                 Halaman/Pages


Laporan Posisi Keuangan Konsolidasian/
Consolidated Statement of Financial Position                                                                    1-8

Laporan Laba Rugi dan Penghasilan Komprehensif Lain Konsolidasian/
Consolidated Statement of Profit or Loss and Other Comprehensive Income                                       9 - 11

Laporan Perubahan Ekuitas Konsolidasian/
Consolidated Statement of Changes in Equity                                                                  12 - 13

Laporan Arus Kas Konsolidasian/
Consolidated Statement of Cash Flows                                                                         14 - 17

Catatan Atas Laporan Keuangan Konsolidasian/
Notes to the Consolidated Financial Statements                                                             18 - 516



                                          ************************
Page 997
                                                                     The original report included herein is in the Indonesian
                                                                                                                    language.



Laporan Auditor Independen                                      Independent Auditor’s Report

Laporan    No.                 00026/2.1505/AU.1/07/0242-       Report No.         00026/2.1505/AU.1/07/0242-
1/1/II/2026                                                     1/1/II/2026


Pemegang Saham, Dewan Komisaris, dan Direksi                    The Shareholders and the                     Boards       of
                                                                Commissioners and Directors
PT Bank Mandiri (Persero) Tbk                                   PT Bank Mandiri (Persero) Tbk

 Opini                                                          Opinion

 Kami telah mengaudit laporan keuangan                          We have audited the accompanying consolidated
 konsolidasian PT Bank Mandiri (Persero) Tbk                    financial statements of PT Bank Mandiri (Persero)
 (“Bank”) dan entitas anaknya (secara kolektif                  Tbk (the “Bank”) and its subsidiaries (collectively
 disebut sebagai “Grup”) terlampir, yang terdiri dari           referred to as the “Group”), which comprise the
 laporan posisi keuangan konsolidasian tanggal                  consolidated statement of financial position as of
 31 Desember 2025, serta laporan laba rugi                      31 December 2025, and the consolidated
 dan penghasilan komprehensif lain konsolidasian,               statement of profit or loss and other
 laporan perubahan ekuitas konsolidasian, dan                   comprehensive income, consolidated statement
 laporan arus kas konsolidasian untuk tahun yang                of changes in equity, and consolidated statement
 berakhir pada tanggal tersebut, serta catatan atas             of cash flows for the year then ended, and notes
 laporan    keuangan     konsolidasian    termasuk              to the consolidated financial statements including
 informasi kebijakan akuntansi material.                        material accounting policy information.

 Menurut     opini    kami,   laporan    keuangan               In our opinion, the accompanying consolidated
 konsolidasian terlampir menyajikan secara wajar,               financial statements present fairly, in all material
 dalam semua hal yang material, posisi keuangan                 respects, the consolidated financial position of
 konsolidasian Grup tanggal 31 Desember 2025,                   the Group as of 31 December 2025, and its
 serta    kinerja   keuangan     dan   arus    kas              consolidated financial performance and cash
 konsolidasiannya untuk tahun yang berakhir pada                flows for the year then ended, in accordance with
 tanggal tersebut, sesuai dengan Standar Akuntansi              Indonesian Financial Accounting Standards.
 Keuangan di Indonesia.




KAP Purwanto Susanti dan Surja
Registered Public Accountants KMK No. 69/MK/SK/2025
                                                            i
A member firm of Ernst & Young Global Limited
Page 998
                                                              The original report included herein is in the Indonesian
                                                                                                             language.

Laporan Auditor Independen (lanjutan)                    Independent Auditor’s Report (continued)

Laporan    No.    00026/2.1505/AU.1/07/0242-             Report No. 00026/2.1505/AU.1/07/0242-
1/1/II/2026 (lanjutan)                                   1/1/II/2026 (continued)

Basis opini                                              Basis for opinion
Kami melaksanakan audit kami berdasarkan                 We conducted our audit in accordance with
Standar Audit yang ditetapkan oleh Institut              Standards on Auditing established by Indonesian
Akuntan Publik Indonesia (“IAPI”). Tanggung              Institute of Certified Public Accountants
jawab kami menurut standar tersebut diuraikan            (“IICPA”). Our responsibilities under those
lebih lanjut dalam paragraf Tanggung Jawab               standards are further described in the Auditor’s
Auditor terhadap Audit atas Laporan Keuangan             Responsibilities for the Audit of the Consolidated
Konsolidasian    pada   laporan    kami.    Kami         Financial Statements paragraph of our report. We
independen terhadap Grup berdasarkan ketentuan           are independent of the Group in accordance with
etika yang relevan dalam audit kami atas laporan         the ethical requirements relevant to our audit of
keuangan konsolidasian di Indonesia, dan kami            the consolidated financial statements in
telah memenuhi tanggung jawab etika lainnya              Indonesia, and we have fulfilled our other ethical
berdasarkan ketentuan tersebut. Kami yakin               responsibilities in accordance with such
bahwa bukti audit yang telah kami peroleh adalah         requirements. We believe that the audit evidence
cukup dan tepat untuk menyediakan suatu basis            we have obtained is sufficient and appropriate to
bagi opini kami.                                         provide a basis for our opinion.
Hal audit utama                                          Key audit matters
Hal audit utama adalah hal-hal yang, menurut             Key audit matters are those matters that, in our
pertimbangan profesional kami, merupakan hal             professional judgment, were of most significance
yang paling signifikan dalam audit kami atas             in our audit of the consolidated financial
laporan keuangan konsolidasian periode kini. Hal         statements of the current period. Such key audit
audit utama tersebut disampaikan dalam konteks           matters were addressed in the context of our
audit kami atas laporan keuangan konsolidasian           audit of the consolidated financial statements
secara keseluruhan, dan dalam merumuskan opini           taken as a whole, and in forming our opinion
kami atas laporan keuangan konsolidasian terkait,        thereon, and we do not provide a separate
dan kami tidak menyatakan suatu opini terpisah           opinion on such key audit matters. For each of the
atas hal audit utama tersebut. Untuk setiap hal          key audit matters below, our description of how
audit utama di bawah ini, penjelasan kami tentang        our audit addressed such key audit matters is
bagaimana audit kami merespons hal tersebut              provided in such context.
disampaikan dalam konteks tersebut.
Kami telah memenuhi tanggung jawab yang                  We have fulfilled the responsibilities described in
diuraikan dalam paragraf Tanggung Jawab Auditor          the Auditor’s Responsibilities for the Audit of the
terhadap     Audit   atas   Laporan     Keuangan         Consolidated Financial Statements paragraph of
Konsolidasian pada laporan kami, termasuk                our report, including in relation to the key audit
sehubungan dengan hal audit utama yang                   matter communicated below. Accordingly, our
dikomunikasikan di bawah ini. Oleh karena itu,           audit included the performance of procedures
audit kami mencakup pelaksanaan prosedur yang            designed to respond to our assessment of the
didesain untuk merespons penilaian kami atas             risks of material misstatement of the
risiko kesalahan penyajian material dalam laporan        accompanying consolidated financial statements.
keuangan konsolidasian terlampir. Hasil prosedur         The results of our audit procedures, including the
audit kami, termasuk prosedur yang dilakukan             procedures performed to address the key audit
untuk merespons hal audit utama di bawah ini,            matter below, provide the basis for our opinion on
menyediakan basis bagi opini kami atas laporan           the    accompanying consolidated          financial
keuangan konsolidasian terlampir.                        statements.



                                                    ii
 A member firm of Ernst & Young Global Limited
Page 999
                                                                The original report included herein is in the Indonesian
                                                                                                               language.



Laporan Auditor Independen (lanjutan)                      Independent Auditor’s Report (continued)

Laporan    No.    00026/2.1505/AU.1/07/0242-               Report No. 00026/2.1505/AU.1/07/0242-
1/1/II/2026 (lanjutan)                                     1/1/II/2026 (continued)


Hal audit utama (lanjutan)                                 Key audit matters (continued)

Cadangan kerugian penurunan nilai atas kredit              Allowance for impairment losses on loans and
yang diberikan dan piutang/pembiayaan syariah              sharia receivables/financing

Penjelasan atas hal audit utama:                           Description of key audit matter:

Seperti yang dijelaskan dalam Catatan 12 atas              As described in Note 12 to the accompanying
laporan keuangan konsolidasian terlampir, pada             consolidated financial statements, as of
tanggal 31 Desember 2025, total kredit yang                31 December 2025, the Group’s loans and sharia
diberikan dan piutang/pembiayaan syariah Grup              financing/receivables was Rp1,849,967,956
adalah Rp1.849.967.956 juta dengan cadangan                million and the allowance for impairment losses
kerugian penurunan nilai atau kerugian kredit              or expected credit losses (“ECL”) on loans and
ekspektasian (“KKE”) atas kredit yang diberikan            sharia financing/receivables was Rp48,033,747
dan piutang/pembiayaan syariah adalah sebesar              million and was determined based on the
Rp48.033.747 juta dan ditetapkan berdasarkan               applicable Statement of Financial Accounting
Pernyataan Standar Akuntansi Keuangan (PSAK)               Standards (SFAS).
yang berlaku.

Untuk menentukan penyisihan kerugian penurunan             To determine the allowance for impairment
nilai, Grup mengadopsi model kompleks yang                 losses, the Group adopted a complex model that
menggunakan       sejumlah    parameter      yang          used a number of parameters relied on internal
bergantung pada data input internal dan eksternal,         and external data inputs and involved subjective
melibatkan penilaian dan asumsi manajemen yang             management judgment and assumptions subject
subjektif dengan tingkat ketidakpastian yang               to high degree of uncertainty.
tinggi.

Kredit yang diberikan                                      Loans

Penerapan model KKE oleh Grup dalam                        The Group’s application of the ECL in calculating
menghitung penyisihan kerugian kredit dari kredit          the allowance for credit losses of loans to
yang diberikan adalah signifikan bagi audit kami           customers is significant to our audit as it involves
karena melibatkan pelaksanaan pertimbangan                 the exercise of significant management
manajemen yang signifikan. Area pertimbangan               judgment. Key areas of judgment include:
yang utama termasuk: menentukan segmentasi                 determining credit segmentation based on credit
kredit berdasarkan risiko kredit, menentukan               risk, determining the model to calculate ECL,
model untuk perhitungan KKE, menentukan                    defining default, identification of credit
definisi gagal bayar, identifikasi eksposur kredit         exposures with significant deterioration in credit
yang mengalami pemburukan kualitas kredit                  quality and determining significant assumptions
secara signifikan dan menentukan asumsi                    used in the ECL model, including forward-looking
signifikan yang digunakan pada model KKE,                  macroeconomic factors.
termasuk faktor ekonomi makro berorientasi masa
depan.




                                                     iii
 A member firm of Ernst & Young Global Limited
Page 1000
                                                                The original report included herein is in the Indonesian
                                                                                                               language.



Laporan Auditor Independen (lanjutan)                      Independent Auditor’s Report (continued)

Laporan    No.    00026/2.1505/AU.1/07/0242-               Report No. 00026/2.1505/AU.1/07/0242-
1/1/II/2026 (lanjutan)                                     1/1/II/2026 (continued)


Hal audit utama (lanjutan)                                 Key audit matters (continued)

Cadangan kerugian penurunan nilai atas kredit              Allowance for impairment losses on loans and
yang diberikan dan piutang/pembiayaan syariah              sharia receivables/financing (continued)
(lanjutan)

Penjelasan atas hal audit utama: (lanjutan)                Description of the key audit matter: (continued)

Piutang/pembiayaan syariah                                 Shariah receivables/financing

Penyisihan kerugian penurunan nilai piutang                The allowance for impairment losses for
murabahah dihitung berdasarkan PSAK 402                    murabahah receivables was calculated based on
“Akuntansi Murabahah” dan ISAK 402 “Penurunan              SFAS 402 “Accounting for Murabahah” and IFAS
Nilai Piutang Murabahah”. Cadangan kerugian                402 “Impairment of Murabahah Receivables”.
penurunan nilai untuk dana qardh, pembiayaan               The allowance for impairment losses for fund of
mudharabah     dan pembiayaan musyarakah                   qardh, mudharabah financing and musyarakah
ditentukan berdasarkan PSAK yang berlaku. Grup             financing was determined based on prevailing
juga menerapkan Peraturan Otoritas Jasa                    SFAS. The Group also implemented Financial
Keuangan (POJK) No. 2/POJK.03/2022 “Penilaian              Services Authority Regulation (POJK) No.
Kualitas Aset Bank Umum Syariah dan Unit Usaha             2/POJK.03/2022 “Asset Quality Ratings for
Syariah”.                                                  Sharia Bank and Sharia Business Unit”.

Respons audit:                                             Audit response:

Kredit yang diberikan                                      Loans

Kami mengevaluasi dan menguji rancangan dan                We evaluated and assessed the design and
efektivitas operasional pengendalian utama atas            operating effectiveness of key controls over the
proses pemberian kredit, segmentasi, penilaian             origination, segmentation, regular internal credit
kualitas kredit internal secara regular, serta             quality assessments, and recording and
pencatatan dan pengawasan kredit yang diberikan.           monitoring of       the loans.      We gained
Kami memeroleh pemahaman tentang metodologi                understanding over methodologies and financial
dan model keuangan untuk perhitungan penyisihan            model of the calculation of the allowance for
penurunan nilai, serta melakukan validasi atas data        impairment, and validated inputs and key
masukan dan asumsi utama yang digunakan dalam              assumptions used in calculating the allowance for
menghitung penyisihan penurunan nilai dengan               impairment by comparing to the Group’s
membandingkan ke data historis Grup dan                    historical data and observable market data.
informasi pasar yang dapat diobservasi.




                                                      iv
 A member firm of Ernst & Young Global Limited
Page 1001
                                                               The original report included herein is in the Indonesian
                                                                                                              language.



Laporan Auditor Independen (lanjutan)                     Independent Auditor’s Report (continued)

Laporan    No.    00026/2.1505/AU.1/07/0242-              Report No. 00026/2.1505/AU.1/07/0242-
1/1/II/2026 (lanjutan)                                    1/1/II/2026 (continued)


Hal audit utama (lanjutan)                                Key audit matters (continued)

Cadangan kerugian penurunan nilai atas kredit             Allowance for impairment losses on loans and
yang diberikan dan piutang/pembiayaan syariah             sharia receivables/financing (continued)
(lanjutan)

Respons audit: (lanjutan)                                 Audit response: (continued)

Kredit yang diberikan (lanjutan)                          Loans (continued)

Kami menguji pengendalian umum teknologi                  We tested the information technology (IT)
informasi (TI) atas sistem perhitungan penyisihan         general controls over the allowance for
kerugian penurunan nilai serta pengendalian               impairment losses calculation system as well as
aplikasi TI atas kelengkapan data.                        the IT application controls over the completeness
                                                          of the data.

Kami juga menguji tiga tahapan kualitas kredit            We also tested the classification into the three-
portofolio sesuai dengan kriteria tahapan (staging)       stage credit quality of loan portfolios in
yang ditetapkan oleh manajemen untuk kredit yang          accordance with staging criteria established by
diberikan. Kami juga menguji konsistensi antara           the management regarding loans. We evaluated
pengalaman historis dan kondisi sekarang dengan           consistency of historical experience and the
kerugian terkini pada portofolio serta menilai            current circumstances with recent losses in the
kewajaran penyesuaian asumsi masa depan,                  portfolios and assessed the reasonableness of
analisis faktor ekonomi makro, dan beberapa               forward-looking adjustments, macroeconomic
skenario probabilitas tertimbang untuk kredit yang        factor analysis and probability-weighted multiple
diberikan.                                                scenarios for loans.

Untuk penyisihan penurunan nilai yang ditentukan          With respect to individually assessed allowance
secara individual, kami menguji sampel kredit yang        for impairment losses, we tested a sample of
diberikan untuk mengevaluasi apakah identifikasi          loans to evaluate whether the timely
dilakukan secara tepat waktu terhadap eksposur            identification was made for exposures with
dengan penurunan kualitas kredit yang signifikan          significant deterioration in credit quality or
atau yang telah mengalami penurunan nilai. Untuk          exposures which have been impaired. For loans
kredit yang diberikan yang diidentifikasi                 identified to be impaired, we assessed key
mengalami penurunan nilai, kami menilai asumsi            assumptions on the expected future cash flows
utama atas arus kas masa depan yang akan                  from operating activities, including the realizable
diterima yang berasal dari kegiatan operasi,              value of realizable collateral based on available
termasuk nilai jaminan yang dapat direalisasikan          market information or valuation prepared by the
berdasarkan informasi pasar yang tersedia atau            management’s expert or the management itself.
penilaian yang dilakukan oleh pakar manajemen
atau manajemen sendiri.




                                                      v
 A member firm of Ernst & Young Global Limited
Page 1002
                                                                 The original report included herein is in the Indonesian
                                                                                                                language.



Laporan Auditor Independen (lanjutan)                       Independent Auditor’s Report (continued)

Laporan    No.    00026/2.1505/AU.1/07/0242-                Report No. 00026/2.1505/AU.1/07/0242-
1/1/II/2026 (lanjutan)                                      1/1/II/2026 (continued)


Hal audit utama (lanjutan)                                  Key audit matters (continued)

Cadangan kerugian penurunan nilai atas kredit               Allowance for impairment losses on loans and
yang diberikan dan piutang/pembiayaan syariah               sharia receivables/financing (continued)
(lanjutan)

Respons audit: (lanjutan)                                   Audit response: (continued)

Kredit yang diberikan (lanjutan)                            Loans (continued)

Kami memeriksa akurasi perhitungan matematis                We tested mathematical accuracy of the
penyisihan penurunan nilai atas dasar sampel dan            calculation of allowance for impairment on a
menilai kecukupan pengungkapan atas hal-hal ini             sample basis and we assessed the adequacy of
pada laporan keuangan konsolidasian terlampir.              disclosures for these matters in the notes to the
Kami melibatkan pakar auditor kami dalam                    accompanying         consolidated        financial
melakukan prosedur-prosedur di atas sesuai                  statements. We involved our auditor’s experts in
dengan keahliannya.                                         the performance of these procedures in
                                                            accordance with their specific expertise.

Piutang/pembiayaan syariah                                  Sharia receivables/financing

Kami mengevaluasi dan menguji rancangan dan                 We evaluated and assessed the design and
efektivitas operasional pengendalian utama atas             operating effectiveness of key controls over the
proses       pemberian        piutang/pembiayaan,           origination        of        receivable/financing,
segmentasi,            penilaian            kualitas        segmentation, regular internal assessment of the
piutang/pembiayaan internal secara regular, serta           quality of receivable/financing, and recording
pencatatan dan pengawasan untuk piutang                     and monitoring of the murabahah receivables,
murabahah,      pinjaman     qardh,    pembiayaan           funds of qardh, mudharabah financing and
mudharabah dan pembiayaan musyarakah. Kami                  musyarakah financing. We gained understanding
memeroleh pemahaman tentang metodologi dan                  over methodologies and financial model of the
model keuangan untuk perhitungan penyisihan                 calculation of the impairment, and validated
penurunan nilai, serta melakukan validasi atas data         inputs, bases, and key assumptions used in
masukan, dasar dan asumsi utama yang digunakan              calculating the allowance for impairment for
dalam menghitung penyisihan penurunan nilai                 murabahah receivables by comparing to the
piutang murabahah dengan membandingkan ke                   Group’s historical data. We also tested the
data historis Grup. Kami juga menguji bukti objektif        objective evidence of impairment by reviewing
adanya penurunan nilai dengan mereview kondisi-             conditions that reflect the deterioration of credit
kondisi yang mencerminkan pemburukan risiko                 risk both for collective portfolio and individual
kredit baik secara portofolio kolektif maupun               financing.
pembiayaan individual.




                                                       vi
 A member firm of Ernst & Young Global Limited
Page 1003
                                                               The original report included herein is in the Indonesian
                                                                                                              language.



Laporan Auditor Independen (lanjutan)                     Independent Auditor’s Report (continued)

Laporan    No.    00026/2.1505/AU.1/07/0242-              Report No. 00026/2.1505/AU.1/07/0242-
1/1/II/2026 (lanjutan)                                    1/1/II/2026 (continued)


Hal audit utama (lanjutan)                                Key audit matters (continued)

Cadangan kerugian penurunan nilai atas kredit             Allowance for impairment losses on loans and
yang diberikan dan piutang/pembiayaan syariah             sharia receivables/financing (continued)
(lanjutan)

Respons audit: (lanjutan)                                 Audit response: (continued)

Piutang/pembiayaan syariah (lanjutan)                     Sharia receivables/financing (continued)

Kami menguji kualitas piutang murabahah,                  We tested the quality of murabahah receivables,
pinjaman qardh, pembiayaan mudharabah dan                 funds of qardh, mudharabah financing and
pembiayaan musyarakah sesuai dengan Peraturan             musyarakah financing based on the prevailing
Otoritas    Jasa    Keuangan     (POJK)     No.           Financial Services Authority Regulation (POJK)
2/POJK.03/2022 “Penilaian Kualitas Aset Bank              No. 2/POJK.03/2022 “Asset Quality Ratings for
Umum Syariah dan Unit Usaha Syariah”                      Sharia Bank and Sharia Business Unit” on
berdasarkan sampel. Kami juga menguji                     sampling basis. We also assessed consistency of
konsistensi antara pengalaman historis kerugian           historical financing loss experience and the
pembiayaan dan kondisi kualitas portofolio                current     financing   quality  circumstances
sekarang dibandingkan dengan kerugian terkini             compared with recent losses in the financing
pada portofolio pembiayaan.                               portfolios.

Untuk penyisihan kerugian penurunan nilai aset-           On sample basis, for individually provided
aset keuangan ini yang ditentukan secara                  allowance for impairment losses of these
individual, atas dasar sampel kami mengevaluasi           financial assets, we assessed if timely
apakah identifikasi dilakukan secara tepat waktu          identification was made for exposures with
terhadap eksposur dengan penurunan kualitas               significant deterioration in credit quality or
kredit yang signifikan atau yang telah mengalami          exposures which have been impaired. Of these
penurunan nilai. Untuk aset-aset keuangan                 financial assets identified to be impaired, we
tersebut yang diidentifikasi mengalami penurunan          assessed key assumptions on the expected future
nilai, kami menilai kelayakan asumsi-asumsi utama         cash flows from operating activities, including
atas arus kas masa depan yang akan diterima dari          the value of realizable collateral based on
kegiatan operasi, termasuk nilai jaminan yang             available market information or valuation
dapat direalisasikan berdasarkan informasi pasar          prepared by either the management’s expert or
yang tersedia atau penilaian yang dilakukan baik          the management.
oleh pakar manajemen atau manajemen.

Kami memeriksa akurasi perhitungan matematis              We tested mathematical accuracy of the
penyisihan penurunan nilai atas dasar sampel dan          calculation of allowance for impairment on a
menilai kecukupan pengungkapan atas hal-hal ini           sample basis and we assessed the adequacy of
pada laporan keuangan konsolidasian terlampir.            disclosures for these matters in the notes to the
Kami melibatkan pakar auditor kami dalam                  accompanying         consolidated        financial
melakukan prosedur-prosedur di atas sesuai                statements. We involved our auditor’s experts in
dengan keahliannya.                                       the performance of these procedures in
                                                          accordance with their specific expertise.


                                                    vii
 A member firm of Ernst & Young Global Limited
Page 1004
                                                                 The original report included herein is in the Indonesian
                                                                                                                language.



Laporan Auditor Independen (lanjutan)                       Independent Auditor’s Report (continued)

Laporan    No.    00026/2.1505/AU.1/07/0242-                Report No. 00026/2.1505/AU.1/07/0242-
1/1/II/2026 (lanjutan)                                      1/1/II/2026 (continued)


Hal audit utama (lanjutan)                                  Key audit matters (continued)

Valuasi estimasi terbaik liabilitas kontrak asuransi        Valuation of the best estimate insurance contract
dan marjin jasa kontraktual                                 liabilities and contractual service margin

Penjelasan atas hal audit utama:                            Description of the key audit matter:

Seperti yang dijelaskan dalam Catatan 27, liabilitas        As described in Note 27, insurance contract
kontrak asuransi, atas laporan keuangan                     liabilites,  to the     consolidated financial
konsolidasian, nilai liabilitas kontrak asuransi, yang      statements, the insurance contract liabilities
terutama terdiri dari liabilitas estimasi terbaik dan       mainly consist of the best estimate liabilities and
marjin jasa kontraktual masing-masing sebesar               contractual service margin of Rp32,164,590
Rp32.164.590 juta dan Rp3.295.245 juta pada                 million and Rp3,295,245 million, respectively, as
tanggal 31 Desember 2025.                                   of 31 December 2025.

Liabilitas estimasi terbaik (LET)                           Best estimate liabilities (BEL)

Kewajiban untuk menentukan penyelesaian klaim               The determination of the BEL is calculated using
masa depan melibatkan model dalam menentukan                complex fulfilment cashflow models and is
penyelesaian arus kas yang kompleks dan sensitif            sensitive to economic and non-economic
terhadap asumsi ekonomi dan non-ekonomi yang                assumptions set by management. Judgment is
ditetapkan      oleh     manajemen.   Diperlukan            involved in setting economic assumptions,
pertimbangan dalam menetapkan asumsi ekonomi,               particularly discount rates (including the
khususnya        tingkat    diskonto   (termasuk            illiquidity premium adjustment) and investment
penyesuaian premi ilikuiditas) dan asumsi imbal             return assumptions and in determining non-
hasil investasi dan dalam menentukan asumsi non-            economic assumptions with respect to mortality,
ekonomi      sehubungan      dengan   mortalitas,           morbidity (including medical claims costs),
morbiditas (termasuk biaya klaim medis),                    persistency, and expenses (including SFAS 117
persistensi, dan beban (termasuk atribusi PSAK              attribution).
117).

Terdapat risiko bahwa asumsi tidak mencerminkan             There is a risk that assumptions do not reflect the
lingkungan ekonomi dan demografi serta                      economic environment and the Group’s
pengalaman operasional Grup. Dikarenakan                    demographic and operating experience. Due to
adanya unsur pertimbangan dalam penetapan                   the element of judgment in setting non-economic
asumsi non-ekonomi dan sensitivitas atas saldo              assumptions and the sensitivity of the insurance
kontrak asuransi terhadap perubahan kecil dalam             contract balances to small changes in
asumsi, maka terdapat risiko inheren atas estimasi          assumptions, there is an inherent risk of
oleh manajemen di area ini.                                 management’s estimation in this area.




                                                     viii
 A member firm of Ernst & Young Global Limited
Page 1005
                                                                 The original report included herein is in the Indonesian
                                                                                                                language.



Laporan Auditor Independen (lanjutan)                       Independent Auditor’s Report (continued)

Laporan    No.    00026/2.1505/AU.1/07/0242-                Report No. 00026/2.1505/AU.1/07/0242-
1/1/II/2026 (lanjutan)                                      1/1/II/2026 (continued)


Hal audit utama (lanjutan)                                  Key audit matters (continued)

Valuasi estimasi terbaik liabilitas kontrak asuransi        Valuation of the best estimate insurance contract
dan marjin jasa kontraktual (lanjutan)                      liabilities and contractual service margin
                                                            (continued)

Penjelasan atas hal audit utama: (lanjutan)                 Description of the key audit matter: (continued)

Liabilitas estimasi terbaik (LET) (lanjutan)                Best estimate liabilities (BEL) (continued)

Kami menganggap integritas dan kesesuaian atas              We consider the integrity and appropriateness of
model dalam menentukan penyelesaian arus kas                fulfilment cashflow models used to determine
yang digunakan dalam saldo LET sangat penting               BEL to be critical to the valuation of insurance
dalam penilaian saldo kontrak asuransi. Kami juga           contract balances. We also consider the key risks
mempertimbangkan risiko-risiko utama terkait                that relate to appropriateness of economic and
kesesuaian pengaturan asumsi ekonomi dan non                non-economic assumption settings, model
ekonomi, model yang diterapkan pada model                   applied to the fulfillment cashflow models,
penyelesaian arus kas, kelengkapan dan                      completeness and accuracy of policyholder data
keakuratan data pemegang polis sebagai                      as significant.
signifikan.

Marjin jasa kontrak (MJK)                                   Contractual service margin (CSM)

Amortisasi dari MJK diukur dari servis yang                 The release of CSM is measured based on the
diberikan, sesuai dengan unit jasa pertanggungan,           level of service provided, as measured by
dan sesuai dengan saldo awal MJK yang                       coverage units, and is based on the opening CSM
disesuaikan dengan mutasi selama periode,                   adjusted for movements in the period, including
termasuk penambahan terhadap MJK selama                     additions to the CSM during the period in respect
periode dari bisnis baru, akresi bunga untuk                of new business, interest accretion for contracts
kontrak asuransi yang diukur menggunakan Model              measured using General Measurement Model
Pengukuran Umum (MPU), perubahan nilai wajar                (GMM), the change in fair value of underlying
dari aset yang mendasari untuk kontrak yang                 items for contracts measured using Variable Fee
diukur dengan Pendekatan Biaya Variabel (PBV)               Approach (VFA) and changes in fulfilment
dan perubahan dalam arus kas pemenuhan yang                 cashflows arising from changes in non-economic
terjadi dari perubahan asumsi non-ekonomi, dan              assumptions, and for VFA, changes in economic
untuk PBV, perubahan asumsi ekonomi, yang                   assumptions, that relate to future service.
terkait dengan jasa masa depan.

Perhitungan MJK adalah komplek dan melibatkan               The calculations of CSM are complex and
asumsi yang mengandung     subjektivitas dalam              involved subjectivity of assumptions in
menentukan unit jasa pertanggungan dan                      determining coverage units and movements in
pergerakan dalam MJK.                                       the CSM.




                                                       ix
 A member firm of Ernst & Young Global Limited
Page 1006
                                                                The original report included herein is in the Indonesian
                                                                                                               language.



Laporan Auditor Independen (lanjutan)                      Independent Auditor’s Report (continued)

Laporan    No.    00026/2.1505/AU.1/07/0242-               Report No. 00026/2.1505/AU.1/07/0242-
1/1/II/2026 (lanjutan)                                     1/1/II/2026 (continued)


Hal audit utama (lanjutan)                                 Key audit matters (continued)

Valuasi estimasi terbaik liabilitas kontrak asuransi       Valuation of the best estimate insurance contract
dan marjin jasa kontraktual (lanjutan)                     liabilities and contractual service margin
                                                           (continued)

Respons audit:                                             Audit response:

Liabilitas estimasi terbaik (LET)                          Best estimate liabilities (BEL)

Kami memeroleh pemahaman tentang penilaian                 We gained an understanding of management's
manajemen atas estimasi terbaik liabilitas kontrak         valuation of the best estimate insurance contract
asuransi. Kami mengevaluasi penilaian estimasi             liabilities. We evaluated the valuation of the best
liabilitas kontrak asuransi terbaik, dengan                estimate insurance contract liabilities, by
melibatkan spesialis kami. Kami memeroleh                  involving auditor’s expert. We obtained an
pemahaman atas proses manajemen dalam                      understanding over management’s process for
menetapkan asumsi ekonomi dan non-ekonomi.                 setting       economic      and      non-economic
Untuk asumsi ekonomi, kami menguji asumsi                  assumptions. For economic assumptions, we
tingkat diskonto (beserta asumsi premi illikuiditas)       tested discount rates (along with the illiquidity
dan asumsi imbal hasil investasi untuk sampel mata         premium assumptions) and investment return
uang dengan mengacu pada kurva yield dan                   assumptions for a sample of currencies by
membandingkan informasi yang digunakan sesuai              reference to yield curves and compared the
dengan PSAK yang berlaku. Untuk asumsi non-                information used to the prevailing SFAS. For non-
ekonomi, kami membandingkan asumsi utama                   economic assumptions, we compared the key
selain asumsi beban yang ditetapkan oleh                   assumptions other than expense assumptions set
manajemen dengan hasil pengalaman manajemen,               by      management      with    the    results   of
dan perkembangan peraturan seputar produk yang             management’s experience, and regulatory
ditampilkan dan membandingkan asumsi beban                 developments around product featured and
dengan tingkat beban historis dan saat ini, serta          compared the expense assumptions to the
kebijakan terkait atribusi beban pada kontrak              historical and current expenses levels and policy
asuransi.                                                  relating to the attribution of expenses to
                                                           insurance contracts.

Kami menguji konsistensi asumsi yang digunakan             We tested that the assumptions used in the
dalam model dengan basis yang telah disetujui.             models were consistent with approved basis. We
Kami memeroleh pemahaman tentang proses                    obtained an understanding of management’s
manajemen terkait kesesuaian perubahan model,              processes over the appropriateness of model
kelengkapan dan keakuratan data polis.                     changes, completeness and accuracy of policy
                                                           data.




                                                       x
 A member firm of Ernst & Young Global Limited
Page 1007
                                                                 The original report included herein is in the Indonesian
                                                                                                                language.



Laporan Auditor Independen (lanjutan)                       Independent Auditor’s Report (continued)

Laporan    No.    00026/2.1505/AU.1/07/0242-                Report No. 00026/2.1505/AU.1/07/0242-
1/1/II/2026 (lanjutan)                                      1/1/II/2026 (continued)


Hal audit utama (lanjutan)                                  Key audit matters (continued)

Valuasi estimasi terbaik liabilitas kontrak asuransi        Valuation of the best estimate insurance contract
dan marjin jasa kontraktual (lanjutan)                      liabilities and contractual service margin
                                                            (continued)

Respons audit: (lanjutan)                                   Audit response: (continued)

Liabilitas estimasi terbaik (LET) (lanjutan)                Best estimate liabilities (BEL) (continued)

Untuk sampel model baru dan perubahan model                 For a sample of new models and changes to
yang ada, kami membandingkan hasil validasi                 existing models, we compared management’s
model manajemen dengan syarat dan ketentuan                 model validation results with the terms and
kontrak asuransi terkait dan kebijakan penilaian.           conditions of the related insurance contracts and
Untuk beberapa model terpilih, kami melakukan               the valuation policy. For these selected models,
perhitungan ulang independen atas liabilitas                we performed an independent recalculation of
kontrak asuransi untuk sampel kontrak asuransi              the insurance contract liabilities for a sample of
dan membandingkan hasilnya dengan output                    insurance contracts and compared the results to
model arus kas penyelesaian yang digunakan oleh             the output of the fulfilment cashflow models used
manajemen dan menguji rekonsiliasi berkas poin              by management, and tested reconciliation of
model dengan sistem administrasi polis dan output           model point files to the policy administration
model arus kas penyelesaian.                                system and output of the fulfilment cashflow
                                                            models.

Marjin jasa kontrak (MJK)                                   Contractual service margin (CSM)

Kami memeroleh pemahaman atas proses                        We obtained understanding of management’s
manajemen      dalam      penentuan   unit  jasa            processes of determination of coverage units and
pertanggungan       dan      penyusunan    model            development of CSM calculation model. We
perhitungan MJK. Kami menguji akurasi                       tested the accuracy of the CSM calculation,
perhitungan MJK, termasuk penentuan dari unit               including the determination of coverage units
jasa pertanggungan dan amortisasi MJK, melalui              and release of CSM, through reperformance of
perhitungan kembali atas sampel dari Kelompok               the calculation for a sample of Insurance
Kontrak Asuransi (KKA), dan membandingkan                   Contract Group (ICG), and compared the impact
dampak perubahan asumsi dalam pergerakan MJK                of assumption changes in the CSM movement to
dengan perubahan perhitungan LET, termasuk                  related changes in the BEL calculation, including
mempertimbangkan apakah perubahan tersebut                  considering whether they related to past or
terkait jasa masa lalu atau masa depan.                     future service.




                                                       xi
 A member firm of Ernst & Young Global Limited
Page 1008
                                                                  The original report included herein is in the Indonesian
                                                                                                                 language.

Laporan Auditor Independen (lanjutan)                        Independent Auditor’s Report (continued)

Laporan    No.    00026/2.1505/AU.1/07/0242-                 Report No. 00026/2.1505/AU.1/07/0242-
1/1/II/2026 (lanjutan)                                       1/1/II/2026 (continued)


Hal audit utama (lanjutan)                                   Key audit matters (continued)

Valuasi estimasi terbaik liabilitas kontrak asuransi         Valuation of the best estimate insurance contract
dan marjin jasa kontraktual (lanjutan)                       liabilities and contractual service margin
                                                             (continued)

Respons audit: (lanjutan)                                    Audit response: (continued)

Marjin jasa kontrak (MJK) (lanjutan)                         Contractual service margin (CSM) (continued)

Kami menguji perhitungan akresi bunga untuk                  We tested the calculation of interest accretion for
kontrak yang diukur dengan menggunakan MPU,                  contracts measured using GMM, and tested the
dan menguji perubahan nilai wajar dari aset                  change in the fair value of underlying items
yang mendasari yang berasal dari perubahan                   resulting from investment movements for
nilai investasi yang diukur dengan model PBV.                contracts measured using VFA. For a sample of
Untuk sampel kontrak asuransi yang diterbitkan               contracts issued during the period, we tested the
sepanjang periode, kami menguji perhitungan                  calculation of the initial CSM including, where
saldo awal MJK, termasuk, jika relevan, identifikasi         relevant, the identification of onerous contracts
kontrak merugi dan memvalidasi pengungkapan                  and validated the CSM movement disclosures in
pergerakan MJK di dalam laporan keuangan                     the consolidated financial statements to the
konsolidasian dengan hasil dari model perhitungan            output of the CSM calculation model.
MJK.

Hal lain                                                     Other matter

Laporan keuangan konsolidasian Grup tanggal                  The consolidated financial statements the Group
31 Desember 2024 dan 2023, serta untuk tahun                 as of 31 December 2024 and 2023, and for the
yang berakhir pada tanggal-tanggal tersebut,                 years then ended, prior to the reclassifications as
sebelum     reklasifikasi    sebagaimana      yang           disclosed in note 64 to such consolidated
diungkapkan      pada       catatan     64     atas          financial statements, were audited by other
laporan    keuangan       konsolidasian   tersebut,          independent      auditor       whose       reports
diaudit    oleh     auditor      independen     lain         No. 00031/2.1457/AU.1/07/0229-4/1/II/2025
yang      laporan-laporannya         masing-masing           dated       5     February         2025        and
No. 00031/2.1457/AU.1/07/0229-4/1/II/2025                    No. 00027/2.1025/AU.1/07/0229-3/1/I/2024
bertanggal      5      Februari       2025     dan           dated 31 January 2024, respectively, expressed
No. 00027/2.1025/AU.1/07/0229-3/1/I/2024                     an unmodified opinion in such consolidated
bertanggal 31 Januari 2024 menyatakan opini                  financial statements. We did not audit or review
tanpa modifikasian atas laporan keuangan                     the consolidated financial statements of the
konsolidasian tersebut. Kami tidak mengaudit atau            Group as of 31 December 2024 and 2023, and
mereviu atas laporan keuangan konsolidasian Grup             for the years then ended, prior to the above-
tanggal 31 Desember 2024 dan 2023, serta untuk               mentioned reclassifications, and accordingly, we
tahun yang berakhir pada tanggal-tanggal                     do not express an audit opinion, a review
tersebut, sebelum reklasifikasi tersebut di atas,            conclusion, or any other forms of assurance on
dan oleh karena itu, kami tidak menyatakan suatu             such consolidated financial statements.
opini audit, kesimpulan reviu, maupun bentuk
keyakinan lain apapun atas laporan keuangan
konsolidasian tersebut.

                                                       xii
 A member firm of Ernst & Young Global Limited
Page 1009
                                                               The original report included herein is in the Indonesian
                                                                                                              language.



Laporan Auditor Independen (lanjutan)                     Independent Auditor’s Report (continued)

Laporan    No.    00026/2.1505/AU.1/07/0242-              Report No. 00026/2.1505/AU.1/07/0242-
1/1/II/2026 (lanjutan)                                    1/1/II/2026 (continued)


Informasi lain                                            Other information

Manajemen bertanggung jawab atas informasi lain.          Management is responsible for the other
Informasi lain terdiri dari informasi yang tercantum      information. Other information comprises the
dalam Laporan Tahunan 2025 selain laporan                 information included in the 2025 Annual Report
keuangan konsolidasian terlampir dan laporan              other than the accompanying consolidated
auditor independen kami (“Laporan Tahunan”).              financial statements and our auditor’s report
Laporan Tahunan diharapkan akan tersedia bagi             thereon (the “Annual Report”). The Annual
kami setelah tanggal laporan auditor independen           Report is expected to be made available to us
ini.                                                      after the date of this independent auditor’s
                                                          report.

Opini kami atas laporan keuangan konsolidasian            Our opinion on the accompanying consolidated
terlampir tidak mencakup Laporan Tahunan, dan             financial statements does not cover the Annual
oleh karena itu, kami tidak menyatakan bentuk             Report, and accordingly, we do not express any
keyakinan apapun atas Laporan Tahunan tersebut.           form of assurance on the Annual Report.

Sehubungan dengan audit kami atas laporan                 In connection with our audit of the accompanying
keuangan konsolidasian terlampir, tanggung jawab          consolidated       financial   statements,     our
kami adalah untuk membaca Laporan Tahunan                 responsibility is to read the Annual Report when
ketika tersedia dan, dalam melaksanakannya,               it becomes available and, in doing so, consider
mempertimbangkan apakah Laporan Tahunan                   whether the Annual Report is materially
mengandung      ketidakkonsistensian    material          inconsistent with the accompanying consolidated
dengan laporan keuangan konsolidasian terlampir           financial statements or our knowledge obtained
atau pemahaman yang kami peroleh selama audit,            in the audit, or otherwise appears to be materially
atau mengandung kesalahan penyajian material.             misstated.

Ketika kami membaca Laporan Tahunan, jika kami            When we read the Annual Report, if we conclude
menyimpulkan bahwa terdapat suatu kesalahan               that there is a material misstatement therein, we
penyajian material di dalamnya, kami diharuskan           are required to communicate the matter to those
untuk mengomunikasikan hal tersebut kepada                charged with governance and take appropriate
pihak yang bertanggung jawab atas tata kelola dan         actions based on the applicable laws and
melakukan tindakan yang tepat berdasarkan                 regulations.
peraturan perundang-undangan yang berlaku.




                                                   xiii
 A member firm of Ernst & Young Global Limited
Page 1010
                                                                The original report included herein is in the Indonesian
                                                                                                               language.



Laporan Auditor Independen (lanjutan)                      Independent Auditor’s Report (continued)

Laporan    No.    00026/2.1505/AU.1/07/0242-               Report No. 00026/2.1505/AU.1/07/0242-
1/1/II/2026 (lanjutan)                                     1/1/II/2026 (continued)


Tanggung jawab manajemen dan pihak yang                    Responsibilities of management and those
bertanggung jawab atas tata kelola terhadap                charged with governance for the consolidated
laporan keuangan konsolidasian                             financial statements

Manajemen bertanggung jawab atas penyusunan                Management is responsible for the preparation
dan    penyajian    wajar    laporan     keuangan          and fair presentation of the consolidated financial
konsolidasian tersebut sesuai dengan Standar               statements in accordance with Indonesian
Akuntansi Keuangan di Indonesia, dan atas                  Financial         Accounting           Standards,
pengendalian      internal     yang       dianggap         and for such internal control as management
perlu oleh manajemen untuk memungkinkan                    determines is necessary to enable the
penyusunan laporan keuangan konsolidasian yang             preparation of consolidated financial statements
bebas dari kesalahan penyajian material, baik yang         that are free from material misstatement,
disebabkan oleh kecurangan maupun kesalahan.               whether due to fraud or error.

Dalam       penyusunan        laporan      keuangan        In preparing the consolidated financial
konsolidasian, manajemen bertanggung jawab                 statements, management is responsible for
untuk     menilai    kemampuan        Grup     dalam       assessing the Group’s ability to continue
mempertahankan         kelangsungan       usahanya,        as a going concern, disclosing, as applicable,
mengungkapkan, sesuai dengan kondisinya,                   matters related to going concern, and using
hal-hal yang berkaitan dengan kelangsungan                 the going concern basis of accounting,
usaha, dan menggunakan basis akuntansi                     unless management either intends to liquidate
kelangsungan usaha, kecuali manajemen memiliki             the Group or to cease operations, or has no
intensi untuk melikuidasi Grup atau menghentikan           realistic alternative but to do so.
operasi, atau tidak memiliki alternatif yang realistis
selain melaksanakannya.

Pihak yang bertanggung jawab atas tata kelola              Those charged with governance are responsible
bertanggung jawab untuk mengawasi proses                   for overseeing the Group’s financial reporting
pelaporan keuangan Grup.                                   process.




                                                     xiv
 A member firm of Ernst & Young Global Limited
Page 1011
                                                                The original report included herein is in the Indonesian
                                                                                                               language.



Laporan Auditor Independen (lanjutan)                      Independent Auditor’s Report (continued)

Laporan    No.    00026/2.1505/AU.1/07/0242-               Report No. 00026/2.1505/AU.1/07/0242-
1/1/II/2026 (lanjutan)                                     1/1/II/2026 (continued)


Tanggung jawab auditor terhadap audit atas                 Auditor’s responsibilities for the audit of the
laporan keuangan konsolidasian                             consolidated financial statements

Tujuan kami adalah untuk memeroleh keyakinan               Our objectives are to obtain reasonable
memadai tentang apakah laporan keuangan                    assurance about whether the consolidated
konsolidasian secara keseluruhan bebas dari                financial statements taken as a whole are free
kesalahan penyajian material, baik yang                    from material misstatement, whether due to
disebabkan oleh kecurangan maupun kesalahan,               fraud or error, and to issue an independent
dan     untuk    menerbitkan    laporan    auditor         auditor’s report that includes our opinion.
independen yang mencakup opini kami. Keyakinan             Reasonable assurance is a high level of
memadai merupakan suatu tingkat keyakinan                  assurance, but is not a guarantee that an audit
tinggi, namun bukan merupakan suatu jaminan                conducted in accordance with Standards on
bahwa audit yang dilaksanakan berdasarkan                  Auditing established by the IICPA will always
Standar Audit yang ditetapkan oleh IAPI akan               detect a material misstatement when it exists.
selalu mendeteksi kesalahan penyajian material             Misstatements can arise from fraud or error and
ketika hal tersebut ada. Kesalahan penyajian dapat         are considered material if, individually or in the
disebabkan oleh kecurangan maupun kesalahan                aggregate, they could reasonably be expected to
dan dianggap material jika, baik secara individual         influence the economic decisions of users taken
maupun secara agregat, dapat diekspektasikan               on the basis of these consolidated financial
secara wajar akan memengaruhi keputusan                    statements.
ekonomi yang diambil oleh pengguna berdasarkan
laporan keuangan konsolidasian tersebut.

Sebagai bagian dari suatu audit berdasarkan                As part of an audit in accordance with Standards
Standar Audit yang ditetapkan oleh IAPI, kami              on Auditing established by the IICPA, we exercise
menerapkan pertimbangan profesional dan                    professional judgment and maintain professional
mempertahankan skeptisisme profesional selama              skepticism throughout the audit. We also:
audit. Kami juga:

       Mengidentifikasi dan menilai risiko kesalahan         Identify and assess the risks of material
        penyajian material dalam laporan keuangan              misstatement of the consolidated financial
        konsolidasian, baik yang disebabkan oleh               statements, whether due to fraud or error,
        kecurangan maupun kesalahan, mendesain dan             design and perform audit procedures
        melaksanakan prosedur audit yang responsif             responsive to such risks, and obtain audit
        terhadap risiko tersebut, serta memeroleh              evidence that is sufficient and appropriate to
        bukti audit yang cukup dan tepat untuk                 provide a basis for our opinion. The risk of not
        menyediakan basis bagi opini kami. Risiko tidak        detecting a material misstatement resulting
        terdeteksinya kesalahan penyajian material             from fraud is higher than for one resulting
        yang disebabkan oleh kecurangan lebih tinggi           from error, as fraud may involve collusion,
        dari yang disebabkan oleh kesalahan, karena            forgery,         intentional        omissions,
        kecurangan     dapat    melibatkan      kolusi,        misrepresentations, or override of internal
        pemalsuan, penghilangan secara sengaja,                control.
        pernyataan salah, atau pengabaian atas
        pengendalian internal.




                                                      xv
    A member firm of Ernst & Young Global Limited
Page 1012
                                                                      The original report included herein is in the Indonesian
                                                                                                                     language.



Laporan Auditor Independen (lanjutan)                           Independent Auditor’s Report (continued)

Laporan No. 00026/2.1505/AU.1/07/0242-                          Report    No.   00026/2.1505/AU.1/07/0242-
1/1/II/2026 (lanjutan)                                          1/1/II/2026 (continued)


Tanggung jawab auditor terhadap audit atas                      Auditor’s responsibilities for the audit of the
laporan keuangan konsolidasian (lanjutan)                       consolidated financial statements (continued)

Sebagai bagian dari suatu audit berdasarkan                     As part of an audit in accordance with Standards on
Standar Audit yang ditetapkan oleh IAPI, kami                   Auditing established by the IICPA, we exercise
menerapkan pertimbangan profesional dan                         professional judgment and maintain professional
mempertahankan skeptisisme profesional selama                   skepticism throughout the audit.          We also:
audit. Kami juga: (lanjutan)                                    (continued)

       Memeroleh suatu pemahaman tentang                          Obtain an understanding of internal control
        pengendalian internal yang relevan dengan                   relevant to the audit in order to design audit
        audit untuk mendesain prosedur audit yang                   procedures that are appropriate in the
        tepat sesuai dengan kondisinya, tetapi bukan                circumstances, but not for the purpose of
        untuk tujuan menyatakan opini atas                          expressing an opinion on the effectiveness of
        keefektivitasan pengendalian internal Grup.                 the Group’s internal control.

       Mengevaluasi ketepatan kebijakan akuntansi                 Evaluate the appropriateness of accounting
        yang digunakan serta kewajaran estimasi                     policies used and the reasonableness of
        akuntansi dan pengungkapan terkait yang                     accounting estimates and related disclosures
        dibuat oleh manajemen.                                      made by management.

        Menyimpulkan ketepatan penggunaan basis                   Conclude      on    the    appropriateness      of
         akuntansi     kelangsungan      usaha    oleh              management’s use of the going concern basis
         manajemen dan, berdasarkan bukti audit yang                of accounting and, based on the audit evidence
         diperoleh,     apakah      terdapat     suatu              obtained, whether a material uncertainty exists
         ketidakpastian material yang terkait dengan                related to events or conditions that may cast
         peristiwa    atau    kondisi    yang    dapat              significant doubt on the Group’s ability to
         menyebabkan keraguan signifikan atas                       continue as a going concern. If we conclude
         kemampuan Grup untuk mempertahankan                        that a material uncertainty exists, we are
         kelangsungan      usahanya.     Ketika   kami              required to draw attention in our independent
         menyimpulkan       bahwa     terdapat   suatu              auditor’s report to the related disclosures in the
         ketidakpastian material, kami diharuskan                   financial statements or, if such disclosures are
         untuk menarik perhatian dalam laporan auditor              inadequate, to modify our opinion. Our
         independen kami ke pengungkapan terkait                    conclusion is based on the audit evidence
         dalam     laporan    keuangan     atau,   jika             obtained up to the date of our independent
         pengungkapan tersebut tidak memadai,                       auditor’s report. However, future events or
         memodifikasi opini kami. Kesimpulan kami                   conditions may cause the Group to cease to
         didasarkan pada bukti audit yang diperoleh                 continue as going concern.
         hingga tanggal laporan auditor independen
         kami. Namun, peristiwa atau kondisi masa
         depan dapat menyebabkan Grup tidak dapat
         mempertahankan kelangsungan usaha.




                                                          xvi
    A member firm of Ernst & Young Global Limited
Page 1013
                                                                     The original report included herein is in the Indonesian
                                                                                                                    language.



Laporan Auditor Independen (lanjutan)                          Independent Auditor’s Report (continued)

Laporan No. 00026/2.1505/AU.1/07/0242-                         Report    No.      00026/2.1505/AU.1/07/0242-
1/1/II/2026 (lanjutan)                                         1/1/II/2026 (continued)


Tanggung jawab auditor terhadap audit atas                     Auditor’s responsibilities for the audit of the
laporan keuangan konsolidasian (lanjutan)                      consolidated financial statements (continued)

Sebagai bagian dari suatu audit berdasarkan                    As part of an audit in accordance with Standards on
Standar Audit yang ditetapkan oleh IAPI, kami                  Auditing established by the IICPA, we exercise
menerapkan pertimbangan profesional dan                        professional judgment and maintain professional
mempertahankan skeptisisme profesional selama                  skepticism throughout the audit.          We also:
audit. Kami juga: (lanjutan)                                   (continued)

        Mengevaluasi penyajian, struktur, dan isi                Evaluate the overall presentation, structure,
         laporan keuangan konsolidasian secara                     and content of the consolidated financial
         keseluruhan, termasuk pengungkapannya, dan                statements, including the disclosures, and
         apakah laporan keuangan konsolidasian                     whether the consolidated financial statements
         mencerminkan transaksi dan peristiwa yang                 represent the underlying transactions and
         mendasarinya dengan suatu cara yang                       events in a manner that achieves fair
         mencapai penyajian wajar.                                 presentation.

        Memeroleh bukti audit yang cukup dan tepat               Obtain sufficient appropriate audit evidence
         terkait informasi keuangan entitas atau                   regarding the financial information of the
         aktivitas bisnis dalam Grup untuk menyatakan              entities or business activities within Group to
         opini atas laporan keuangan konsolidasian.                express an opinion on the consolidated financial
         Kami bertanggung jawab atas arahan,                       statements. We are responsible for the
         supervisi, dan pelaksanaan audit grup. Kami               direction, supervision, and performance of the
         tetap bertanggung jawab sepenuhnya atas                   group audit. We remain solely responsible for
         opini audit kami.                                         our audit opinion.

Kami mengomunikasikan kepada pihak yang                        We communicate with those charged with
bertanggung jawab atas tata kelola mengenai,                   governance regarding, among other matters, the
antara lain, ruang lingkup dan saat yang                       planned scope and timing of the audit and
direncanakan atas audit serta temuan audit                     significant audit findings, including any significant
signifikan, termasuk setiap defisiensi signifikan              deficiencies in internal control that we identify
dalam pengendalian internal yang teridentifikasi               during our audit.
oleh kami selama audit.

Kami juga memberikan suatu pernyataan kepada                   We also provide those charged with governance with
pihak yang bertanggung jawab atas tata kelola                  a statement that we have complied with relevant
bahwa kami telah mematuhi ketentuan etika yang                 ethical requirements regarding independence, and
relevan       mengenai      independensi,     dan              to communicate with them all relationships and
mengomunikasikan kepada pihak tersebut seluruh                 other matters that may reasonably be thought to
hubungan, serta hal-hal lain yang dianggap secara              bear on our independence, and where applicable,
wajar berpengaruh terhadap independensi kami,                  related safeguards.
dan, jika relevan, pengamanan terkait.




                                                        xvii
    A member firm of Ernst & Young Global Limited
Page 1014

          
Page 1015
                                                                                                   The original consolidated financial statements
                                                                                                 included herein are in the Indonesian language.

              PT BANK MANDIRI (PERSERO) Tbk                                             PT BANK MANDIRI (PERSERO) Tbk
                   DAN ENTITAS ANAKNYA                                                       AND ITS SUBSIDIARIES
                LAPORAN POSISI KEUANGAN                                                  CONSOLIDATED STATEMENT OF
                       KONSOLIDASIAN                                                          FINANCIAL POSITION
                  Tanggal 31 Desember 2025                                                   As of 31 December 2025
               (Disajikan dalam jutaan Rupiah,                                           (Expressed in millions of Rupiah,
                    kecuali dinyatakan lain)                                                 unless otherwise stated)


                                                Catatan/         31 Desember 2025/ 31 Desember 2024/
                                                 Notes           31 December 2025 31 December 2024
ASET                                                                                                                                       ASSETS

Kas                                          2c,2g,62b.(vii)            33.857.220             31.665.082                                      Cash

                                                                                                                             Current accounts with
Giro pada Bank Indonesia                       2c,2g,2h,4              238.289.478            105.146.044                       Bank Indonesia

                                                                                                                             Current accounts with
Giro pada bank lain                        2c,2f,2g,2h,5,65d                                                                        other banks
  Pihak berelasi                                   56                      201.893                194.411                       Related parties
  Pihak ketiga                                                          60.750.690             46.474.028                          Third parties
                                                                        60.952.583             46.668.439
  Dikurangi: cadangan                                                                                                       Less: allowance for
    kerugian penurunan nilai                                                (27.621)               (30.755)                impairment losses
  Neto                                                                  60.924.962             46.637.684                                     Net

Penempatan pada                                                                                                                   Placements with
  Bank Indonesia                                                                                                                Bank Indonesia
  dan bank lain                            2c,2f,2g,2i,6,65e                                                                    and other banks
  Pihak berelasi                                  56                     1.286.559              3.107.120                        Related parties
  Pihak ketiga                                                          49.185.275             60.122.934                          Third parties
                                                                        50.471.834             63.230.054
  Dikurangi: cadangan                                                                                                       Less: allowance for
    kerugian penurunan nilai                                                 (1.586)                 (1.679)               impairment losses
  Neto                                                                  50.470.248             63.228.375                                     Net

Efek-efek                                     2c,2f,2j,7,65f                                                                 Marketable securities
  Pihak berelasi                                   56                   17.034.297             20.223.075                      Related parties
  Pihak ketiga                                                         107.048.973             75.118.481                         Third parties
                                                                       124.083.270             95.341.556
  Ditambah/(dikurangi):                                                                                                                Add/(less):
    diskonto yang belum                                                                                                           unamortised
    diamortisasi, keuntungan                                                                                                          discount,
    - neto yang                                                                                                              unrealised gains
    belum direalisasi dari                                                                                                - net from increase
    kenaikan nilai wajar dan                                                                                                       in fair value
    cadangan kerugian                                                                                                       and allowance for
    penurunan nilai                                                         644.704                136.495                 impairment losses
  Neto                                                                 124.727.974             95.478.051                                     Net

Obligasi pemerintah                            2c,2f,2k,8                                                                       Government bonds
  Pihak berelasi                                  56                   292.817.548            287.272.659                        Related parties

Tagihan lainnya - transaksi                                                                                               Other receivables - trade
  perdagangan                                2c,2f,2l,9,65h                                                                        transactions
  Pihak berelasi                                   56                    6.880.657              7.054.667                        Related parties
  Pihak ketiga                                                          25.191.454             22.919.450                          Third parties
                                                                        32.072.111             29.974.117
  Dikurangi: cadangan kerugian                                                                                              Less: allowance for
    penurunan nilai                                                     (1.432.270)             (1.422.889)                impairment losses
  Neto                                                                  30.639.841             28.551.228                                     Net




   Catatan atas laporan keuangan konsolidasian terlampir merupakan            The accompanying notes to the consolidated financial statements form an
   bagian yang tidak terpisahkan dari laporan keuangan konsolidasian                integral part of these consolidated financial statements taken
                           secara keseluruhan.                                                                as a whole.


                                                                        1
Page 1016
                                                                                                      The original consolidated financial statements
                                                                                                    included herein are in the Indonesian language.

              PT BANK MANDIRI (PERSERO) Tbk                                                PT BANK MANDIRI (PERSERO) Tbk
                   DAN ENTITAS ANAKNYA                                                          AND ITS SUBSIDIARIES
                LAPORAN POSISI KEUANGAN                                                     CONSOLIDATED STATEMENT OF
                  KONSOLIDASIAN (lanjutan)                                                  FINANCIAL POSITION (continued)
                  Tanggal 31 Desember 2025                                                      As of 31 December 2025
               (Disajikan dalam jutaan Rupiah,                                              (Expressed in millions of Rupiah,
                    kecuali dinyatakan lain)                                                    unless otherwise stated)


                                                Catatan/         31 Desember 2025/ 31 Desember 2024/
                                                 Notes           31 December 2025 31 December 2024
ASET (lanjutan)                                                                                                                  ASSETS (continued)

Tagihan atas efek-efek yang dibeli                                                                                       Securities purchased under
  dengan janji dijual kembali               2c,2f,2m,10,65i                                                                 agreements to resell
  Pihak berelasi                                   56                        52.242                    4.613                       Related parties
  Pihak ketiga                                                            3.851.535                8.285.525                         Third parties

  Total                                                                   3.903.777                8.290.138                                   Total

Tagihan derivatif                             2c,2f,2n,11                                                                       Derivative receivables
  Pihak berelasi                                  56                      3.029.980                2.948.995                       Related parties
  Pihak ketiga                                                            4.247.695                4.812.513                          Third parties

  Total                                                                   7.277.675                7.761.508                                   Total

Kredit yang diberikan dan                                                                                                            Loans and sharia
  piutang/pembiayaan syariah                2c,2f,2o,12,65k                                                                   receivables/financing
  Pihak berelasi                                   56                    402.847.579             291.635.100                        Related parties
  Pihak ketiga                                                         1.447.120.377           1.331.581.512                          Third parties

                                                                       1.849.967.956           1.623.216.612
  Dikurangi: cadangan                                                                                                          Less: allowance for
    kerugian penurunan nilai                                             (48.033.747)            (49.354.645)                 impairment losses

  Neto                                                                 1.801.934.209           1.573.861.967                                     Net

Piutang pembiayaan                                                                                                                Consumer financing
  konsumen                                  2c,2f,2p,13,65l                                                                           receivables
  Pihak berelasi                                  56                          4.257                   41.346                       Related parties
  Pihak ketiga                                                           40.858.943               41.531.960                         Third parties

                                                                         40.863.200               41.573.306
  Dikurangi: cadangan                                                                                                          Less: allowance for
    kerugian penurunan nilai                                              (1.049.570)                (934.353)               impairment losses

  Neto                                                                   39.813.630               40.638.953                                     Net

Investasi bersih dalam                                                                                                         Net investment finance
   sewa pembiayaan                           2c,2q,14,65m                                                                                   leases
   Pihak ketiga                                                           4.153.740                5.757.076                          Third parties

  Dikurangi: cadangan                                                                                                          Less: allowance for
    kerugian penurunan nilai                                                  (134.987)              (103.337)                impairment losses

  Neto                                                                    4.018.753                5.653.739                                     Net

Tagihan akseptasi                           2c,2f,2u,15,65n                                                                   Acceptance receivables
  Pihak berelasi                                   56                     1.161.293                1.698.864                      Related parties
  Pihak ketiga                                                            6.926.985                7.615.001                         Third parties

                                                                          8.088.278                9.313.865
  Dikurangi: cadangan                                                                                                          Less: allowance for
    kerugian penurunan nilai                                                   (26.015)               (31.340)                impairment losses

  Neto                                                                    8.062.263                9.282.525                                     Net




   Catatan atas laporan keuangan konsolidasian terlampir merupakan               The accompanying notes to the consolidated financial statements form an
   bagian yang tidak terpisahkan dari laporan keuangan konsolidasian                   integral part of these consolidated financial statements taken
                           secara keseluruhan.                                                                   as a whole.


                                                                          2
Page 1017
                                                                                                     The original consolidated financial statements
                                                                                                   included herein are in the Indonesian language.

              PT BANK MANDIRI (PERSERO) Tbk                                               PT BANK MANDIRI (PERSERO) Tbk
                   DAN ENTITAS ANAKNYA                                                         AND ITS SUBSIDIARIES
                LAPORAN POSISI KEUANGAN                                                    CONSOLIDATED STATEMENT OF
                  KONSOLIDASIAN (lanjutan)                                                 FINANCIAL POSITION (continued)
                  Tanggal 31 Desember 2025                                                     As of 31 December 2025
               (Disajikan dalam jutaan Rupiah,                                             (Expressed in millions of Rupiah,
                    kecuali dinyatakan lain)                                                   unless otherwise stated)


                                                Catatan/         31 Desember 2025/ 31 Desember 2024/
                                                 Notes           31 December 2025 31 December 2024
ASET (lanjutan)                                                                                                                 ASSETS (continued)

Penyertaan saham                            2c,2f,2s,16,65o                                                                    Investments in shares
  Pihak berelasi                                   56                       762.254               1.023.142                        Related parties
  Pihak ketiga                                                            1.586.054               1.395.592                          Third parties

                                                                          2.348.308               2.418.734
  Dikurangi: cadangan kerugian                                                                                                Less: allowance for
     penurunan nilai                                                           (1.986)                 (1.986)               impairment losses

  Neto                                                                    2.346.322               2.416.748                                      Net

Aset dikuasai untuk dijual                       2ao,66                       253.774                        -                   Assets held for sale

Biaya dibayar dimuka                               17                     5.673.038               4.827.723                        Prepaid expenses

Pajak dibayar dimuka                            2ad,33a                       851.625                739.015                           Prepaid taxes

Aset tetap                                     2r.i,2r.ii,18            103.150.275              90.458.680                            Fixed assets
  Dikurangi: akumulasi                                                                                                         Less: accumulated
     penyusutan                                                          (31.087.944)           (27.427.835)                      depreciation

  Neto                                                                   72.062.331              63.030.845                                     Net

Aset takberwujud                                 2r.iii,19               17.767.867              15.743.152                        Intangible assets
  Dikurangi: akumulasi                                                                                                         Less: accumulated
     amortisasi                                                          (10.248.709)             (8.698.409)                     amortisation

  Neto                                                                    7.519.158               7.044.743                                     Net

Aset lain-lain                              2c,2t,2v,2af,20              42.674.907              38.930.431                           Other assets
  Dikurangi: penyisihan                                                                                                 Less: allowance for other
     lainnya                                                              (2.824.977)             (1.587.650)               impairment losses

  Neto                                                                   39.849.930              37.342.781                                     Net

Aset pajak tangguhan - neto                     2ad,33e                   4.654.270               8.353.454                Deferred tax assets - net

TOTAL ASET                                                             2.829.948.026          2.427.223.262                         TOTAL ASSETS




   Catatan atas laporan keuangan konsolidasian terlampir merupakan              The accompanying notes to the consolidated financial statements form an
   bagian yang tidak terpisahkan dari laporan keuangan konsolidasian                  integral part of these consolidated financial statements taken
                           secara keseluruhan.                                                                  as a whole.


                                                                          3
Page 1018
                                                                                                     The original consolidated financial statements
                                                                                                   included herein are in the Indonesian language.

                 PT BANK MANDIRI (PERSERO) Tbk                                            PT BANK MANDIRI (PERSERO) Tbk
                      DAN ENTITAS ANAKNYA                                                      AND ITS SUBSIDIARIES
                   LAPORAN POSISI KEUANGAN                                                 CONSOLIDATED STATEMENT OF
                     KONSOLIDASIAN (lanjutan)                                              FINANCIAL POSITION (continued)
                     Tanggal 31 Desember 2025                                                  As of 31 December 2025
                  (Disajikan dalam jutaan Rupiah,                                          (Expressed in millions of Rupiah,
                       kecuali dinyatakan lain)                                                unless otherwise stated)


                                                 Catatan/         31 Desember 2025/ 31 Desember 2024*)/
                                                  Notes           31 December 2025 31 December 2024*)
LIABILITAS, DANA                                                                                                       LIABILITIES, TEMPORARY
  SYIRKAH TEMPORER                                                                                                           SYIRKAH FUNDS
  DAN EKUITAS                                                                                                                    AND EQUITY

LIABILITAS                                                                                                                              LIABILITIES

                                                                                                                                     Obligations due
Liabilitas segera                                   2w                     4.537.458              5.703.731                           immediately

Simpanan dari nasabah                                                                                                      Deposits from customers
                                                                                                                               Demand deposits
   Giro dan                                                                                                                        and wadiah
     giro wadiah                                2c,2f,2x,21                                                                  demand deposits
     Pihak berelasi                                 56                   197.248.837           154.155.472                     Related parties
     Pihak ketiga                                                        468.860.753           414.420.537                       Third parties

      Total                                                              666.109.590           568.576.009                                  Total

   Tabungan dan                                                                                                              Saving deposits and
     tabungan                                                                                                                   wadiah saving
     wadiah                                     2c,2f,2x,22                                                                           deposits
     Pihak berelasi                                 56                     5.100.519             6.339.043                     Related parties
     Pihak ketiga                                                        616.814.451           573.852.753                        Third parties

      Total                                                              621.914.970           580.191.796                                  Total

   Deposito berjangka                           2c,2f,2x,23                                                                        Time deposits
     Pihak berelasi                                 56                   206.265.493            53.490.298                      Related parties
     Pihak ketiga                                                        322.607.155           243.976.854                        Third parties

      Total                                                              528.872.648           297.467.152                                  Total


   Total simpanan dari                                                                                                         Total deposits from
     nasabah                                                            1.816.897.208        1.446.234.957                           customers

Simpanan dari                                                                                                                       Deposits from
  bank lain                                                                                                                         other banks
  Giro,                                                                                                                Demand deposits, wadiah
    giro wadiah dan                                                                                                        demand deposits
    tabungan                                    2c,2f,2y,24                                                              and saving deposits
    Pihak berelasi                                  56                       101.674              4.299.236                  Related parties
    Pihak ketiga                                                           5.920.795              4.790.802                     Third parties

      Total                                                                6.022.469              9.090.038                                 Total

   Inter-bank call money                        2c,2f,2y,25                                                                 Inter-bank call money
      Pihak berelasi                                56                       750.375              1.931.400                     Related parties
      Pihak ketiga                                                         7.263.507              8.030.154                        Third parties

      Total                                                                8.013.882              9.961.554                                Total

   Deposito berjangka                           2c,2f,2y,26                                                                        Time deposits
     Pihak berelasi                                 56                       817.075                289.710                     Related parties
     Pihak ketiga                                                          5.902.117              7.701.407                       Third parties

      Total                                                                6.719.192              7.991.117                                 Total


   Total simpanan dari                                                                                                         Total deposits from
     bank lain                                                            20.755.543             27.042.709                         other banks

Liabilitas kontrak asuransi                        2z,27                  37.850.988             35.487.487             Insurance contract liabilities

*) Direklasifikasi, lihat Catatan 64                                                                                   *) Reclassified, see Note 64




    Catatan atas laporan keuangan konsolidasian terlampir merupakan             The accompanying notes to the consolidated financial statements form an
    bagian yang tidak terpisahkan dari laporan keuangan konsolidasian                 integral part of these consolidated financial statements taken
                            secara keseluruhan.                                                                 as a whole.


                                                                           4
Page 1019
                                                                                                      The original consolidated financial statements
                                                                                                    included herein are in the Indonesian language.

                 PT BANK MANDIRI (PERSERO) Tbk                                             PT BANK MANDIRI (PERSERO) Tbk
                      DAN ENTITAS ANAKNYA                                                       AND ITS SUBSIDIARIES
                   LAPORAN POSISI KEUANGAN                                                  CONSOLIDATED STATEMENT OF
                     KONSOLIDASIAN (lanjutan)                                               FINANCIAL POSITION (continued)
                     Tanggal 31 Desember 2025                                                   As of 31 December 2025
                  (Disajikan dalam jutaan Rupiah,                                           (Expressed in millions of Rupiah,
                       kecuali dinyatakan lain)                                                 unless otherwise stated)


                                                 Catatan/         31 Desember 2025/ 31 Desember 2024*)/
                                                  Notes           31 December 2025 31 December 2024*)
LIABILITAS, DANA                                                                                                        LIABILITIES, TEMPORARY
  SYIRKAH TEMPORER                                                                                                            SYIRKAH FUNDS
  DAN EKUITAS (lanjutan)                                                                                                AND EQUITY (continued)

LIABILITAS (lanjutan)                                                                                                       LIABILITIES (continued)

Liabilitas atas efek-efek yang                                                                                                        Securities sold
   dijual dengan janji                                                                                                          under agreements
   dibeli kembali                            2c,2f,2m,28,59                                                                   repurchase liabilities
   Pihak berelasi                                   56                       20.212                        -                       Related parties
   Pihak ketiga                                                          39.935.677               90.256.225                         Third parties

   Total                                                                 39.955.889               90.256.225                                       Total

Liabilitas derivatif                           2c,2f,2n,11                                                                        Derivative payables
   Pihak berelasi                                  56                     2.467.837                2.133.504                       Related parties
   Pihak ketiga                                                           4.373.784                5.203.494                          Third parties

   Total                                                                  6.841.621                7.336.998                                    Total

Liabilitas akseptasi                           2c,2f,2u,29                                                                      Acceptance payables
   Pihak berelasi                                  56                     1.728.332                2.565.287                       Related parties
   Pihak ketiga                                                           6.191.001                6.570.726                         Third parties

   Total                                                                  7.919.333                9.136.013                                    Total

Liabilitas pajak tangguhan                       2ad,33e                       27.996                   9.278                   Deferred tax liabilities

Liabilitas dikuasai untuk dijual                  2ao,66                      127.472                         -                Liabilities held for sale

Efek-efek yang diterbitkan                   2c,2f,2aa,30,59                                                                    Debt securities issued
  Pihak berelasi                                    56                    6.425.220                4.580.825                       Related parties
  Pihak ketiga                                                           55.886.791               36.639.142                          Third parties

                                                                         62.312.011               41.219.967
   Dikurangi: biaya penerbitan                                                                                                  Less: unamortised
     yang belum diamortisasi                                                 (106.780 )               (78.900)                debt issuance cost

   Neto                                                                  62.205.231               41.141.067                                     Net

Estimasi kerugian atas                                                                                                           Estimated losses on
  komitmen dan                                                                                                                   commitments and
  kontinjensi                                     2c,31b                      895.791              1.114.013                         contingencies

Beban yang masih harus dibayar                    2af,32                  6.168.983                5.466.461                       Accrued expenses

Utang pajak                                      2ad,33b                  3.327.702                3.078.642                            Taxes payable

                                                                                                                                     Employee benefit
Liabilitas imbalan kerja                         2ai,34,51                7.899.583                7.160.018                              liabilities

Provisi                                                                       112.537                 264.275                                 Provision

Liabilitas lain-lain                               2c,35                 42.339.668               32.656.899                            Other liabilities

Pinjaman yang diterima                       2c,2f,2ab,36,59                                                                         Fund borrowings
  Pihak berelasi                                    56                    2.245.296                4.627.957                        Related parties
  Pihak ketiga                                                          152.427.126              143.288.024                          Third parties

   Total                                                                154.672.422              147.915.981                                    Total


*) Direklasifikasi, lihat Catatan 64                                                                                    *) Reclassified, see Note 64




    Catatan atas laporan keuangan konsolidasian terlampir merupakan              The accompanying notes to the consolidated financial statements form an
    bagian yang tidak terpisahkan dari laporan keuangan konsolidasian                  integral part of these consolidated financial statements taken
                            secara keseluruhan.                                                                  as a whole.


                                                                         5
Page 1020
                                                                                                     The original consolidated financial statements
                                                                                                   included herein are in the Indonesian language.

              PT BANK MANDIRI (PERSERO) Tbk                                               PT BANK MANDIRI (PERSERO) Tbk
                   DAN ENTITAS ANAKNYA                                                         AND ITS SUBSIDIARIES
                LAPORAN POSISI KEUANGAN                                                    CONSOLIDATED STATEMENT OF
                  KONSOLIDASIAN (lanjutan)                                                 FINANCIAL POSITION (continued)
                  Tanggal 31 Desember 2025                                                     As of 31 December 2025
               (Disajikan dalam jutaan Rupiah,                                             (Expressed in millions of Rupiah,
                    kecuali dinyatakan lain)                                                   unless otherwise stated)


                                                Catatan/         31 Desember 2025/ 31 Desember 2024/
                                                 Notes           31 December 2025 31 December 2024
LIABILITAS, DANA                                                                                                       LIABILITIES, TEMPORARY
  SYIRKAH TEMPORER                                                                                                           SYIRKAH FUNDS
  DAN EKUITAS (lanjutan)                                                                                               AND EQUITY (continued)

LIABILITAS (lanjutan)                                                                                                      LIABILITIES (continued)

Pinjaman dan efek-efek                                                                                                      Subordinated loans and
  subordinasi                                2c,2f, 2ac,37,59                                                               marketable securities
  Pihak berelasi                                    56                         35.000                40.000                      Related parties
  Pihak ketiga                                                                355.112               364.015                         Third parties

                                                                              390.112               404.015
  Dikurangi: biaya penerbitan                                                                                                   Less: unamortised
    yang belum diamortisasi                                                      (333)                  (453)                     issuance cost

  Neto                                                                        389.779                403.562                                    Net


TOTAL LIABILITAS                                                       2.212.925.204          1.860.408.316                     TOTAL LIABILITIES


DANA SYIRKAH                                                                                                               TEMPORARY SYIRKAH
  TEMPORER                                      2f,2ae,38                                                                            FUNDS

Simpanan dari nasabah                                                                                                       Deposits from customers
  Pihak berelasi                                    56                                                                               Related parties
  Giro - investasi terikat                                                                                                        Demand deposits
    dan giro                                                                                                        - restricted investment and
    mudharabah -                                                                                                          mudharabah demand
    investasi                                                                                                            deposits - unrestricted
    tidak terikat                                 38a.1a                 19.137.701              19.798.526                           investment
  Tabungan - investasi                                                                                                              Saving deposits
    terikat dan                                                                                                          - restricted investment
    investasi                                                                                                                   and unrestricted
    tidak terikat -                                                                                                                   investment
    mudharabah                                    38a.2a                  1.101.408                 375.768                        - mudharabah
  Deposito mudharabah -                                                                                                           Mudharabah time
    investasi                                                                                                            deposits - unrestricted
    tidak terikat                                 38a.3                  46.178.777              37.757.408                           investment

                                                                         66.417.886              57.931.702
  Pihak ketiga                                                                                                                         Third parties
  Giro - investasi terikat                                                                                                        Demand deposits
    dan giro                                                                                                      - restricted investments and
    mudharabah                                                                                                      mudharabah musytarakah
    musytarakah                                   38a.1a                 24.899.562              17.389.993                   demand deposits
  Tabungan - investasi                                                                                                              Saving deposits
    terikat dan                                                                                                          - restricted investment
    investasi tidak                                                                                                              and unrestricted
    terikat -                                                                                                                         investment
    mudharabah                                    38a.2a                 98.215.131              84.878.381                        - mudharabah
  Deposito mudharabah -                                                                                                            Mudharabah time
    investasi                                                                                                             deposits - unrestricted
    tidak terikat                                 38a.3                  99.334.364              92.461.883                           investment

                                                                        222.449.057             194.730.257

  Total simpanan dari                                                                                                           Total deposits from
    nasabah                                                             288.866.943             252.661.959                           customers




   Catatan atas laporan keuangan konsolidasian terlampir merupakan              The accompanying notes to the consolidated financial statements form an
   bagian yang tidak terpisahkan dari laporan keuangan konsolidasian                  integral part of these consolidated financial statements taken
                           secara keseluruhan.                                                                  as a whole.


                                                                          6
Page 1021
                                                                                                    The original consolidated financial statements
                                                                                                  included herein are in the Indonesian language.

              PT BANK MANDIRI (PERSERO) Tbk                                              PT BANK MANDIRI (PERSERO) Tbk
                   DAN ENTITAS ANAKNYA                                                        AND ITS SUBSIDIARIES
                LAPORAN POSISI KEUANGAN                                                   CONSOLIDATED STATEMENT OF
                  KONSOLIDASIAN (lanjutan)                                                FINANCIAL POSITION (continued)
                  Tanggal 31 Desember 2025                                                    As of 31 December 2025
               (Disajikan dalam jutaan Rupiah,                                            (Expressed in millions of Rupiah,
                    kecuali dinyatakan lain)                                                  unless otherwise stated)


                                                Catatan/         31 Desember 2025/ 31 Desember 2024/
                                                 Notes           31 December 2025 31 December 2024
LIABILITAS, DANA                                                                                                      LIABILITIES, TEMPORARY
  SYIRKAH TEMPORER                                                                                                          SYIRKAH FUNDS
  DAN EKUITAS (lanjutan)                                                                                              AND EQUITY (continued)

DANA SYIRKAH                                                                                                              TEMPORARY SYIRKAH
  TEMPORER (lanjutan)                                                                                                       FUNDS (continued)

Simpanan dari bank lain                                                                                                  Deposits from other banks
  Pihak ketiga                                                                                                                        Third parties
  Giro Mudharabah -                                                                                                        Mudharabah demand
     investasi                                                                                                          deposits - unrestricted
     tidak terikat                                 38b                       52.357                  47.282                         investment
  Tabungan Mudharabah -                                                                                                     Mudharabah saving
     investasi                                                                                                          deposits - unrestricted
     tidak terikat                                 38b                      616.794                 536.509                         investment
  Deposito Mudharabah -                                                                                                        Mudharabah time
     investasi                                                                                                          deposits - unrestricted
     tidak terikat                                 38b                       84.730                  94.515                         investment

  Total simpanan dari                                                                                                         Total deposits from
    bank lain                                                               753.881                 678.306                        other banks

TOTAL DANA SYIRKAH                                                                                                           TOTAL TEMPORARY
  TEMPORER                                                             289.620.824             253.340.265                    SYIRKAH FUNDS


EKUITAS                                                                                                                                     EQUITY

Ekuitas yang dapat diatribusikan                                                                                              Attributable equity to
  kepada pemilik Entitas Induk                                                                                                  the Parent Entity
Modal saham - nilai nominal                                                                                                           Share capital -
  Rp125 (nilai penuh)                                                                                                       Rp125 (full amount)
  per lembar saham masing-masing                                                                                             par value per share
  pada tanggal 31 Desember 2025                                                                                        as of 31 December 2025
  dan 2024                                                                                                                and 2024, respectively
  Modal dasar - 1 lembar saham                                                                                  Authorised capital - 1 Dwiwarna
     Seri A Dwiwarna dan                                                                                                   Series A share and
     127.999.999.999 lembar                                                                                       127,999,999,999 Series B
     saham biasa Seri B pada tanggal                                                                                    common shares as of
     31 Desember 2025 dan                                                                                            31 December 2025 and
     2024                                                                                                                                 2024
  Modal ditempatkan dan disetor -                                                                                                Issued and fully
     1 lembar saham                                                                                                            paid-in capital -
     Seri A Dwiwarna dan                                                                                                 1 Dwiwarna Series A
     93.333.333.331 lembar                                                                                        share and 93,333,333,331
     saham biasa Seri B pada tanggal                                                                               Series B common shares
     31 Desember 2025 dan                                                                                           as of 31 December 2025
     2024                                          40a                  11.666.667              11.666.667                           and 2024

Tambahan modal disetor/                                                                                                   Additional paid-in capital/
  agio saham                                       40b                  18.095.274              18.095.274                                   agio

Saham treasuri                                   1f,40d                     (403.625)                       -                      Treasury shares

Selisih kurs karena                                                                                                        Differences arising from
  penjabaran laporan                                                                                                                translation of
  keuangan dalam                                                                                                          financial statements in
  mata uang asing                                  2e                       152.018                  10.289                    foreign currencies




   Catatan atas laporan keuangan konsolidasian terlampir merupakan             The accompanying notes to the consolidated financial statements form an
   bagian yang tidak terpisahkan dari laporan keuangan konsolidasian                 integral part of these consolidated financial statements taken
                           secara keseluruhan.                                                                 as a whole.


                                                                        7
Page 1022
                                                                                                     The original consolidated financial statements
                                                                                                   included herein are in the Indonesian language.

              PT BANK MANDIRI (PERSERO) Tbk                                               PT BANK MANDIRI (PERSERO) Tbk
                   DAN ENTITAS ANAKNYA                                                         AND ITS SUBSIDIARIES
                LAPORAN POSISI KEUANGAN                                                    CONSOLIDATED STATEMENT OF
                  KONSOLIDASIAN (lanjutan)                                                 FINANCIAL POSITION (continued)
                  Tanggal 31 Desember 2025                                                     As of 31 December 2025
               (Disajikan dalam jutaan Rupiah,                                             (Expressed in millions of Rupiah,
                    kecuali dinyatakan lain)                                                   unless otherwise stated)


                                                Catatan/         31 Desember 2025/ 31 Desember 2024/
                                                 Notes           31 December 2025 31 December 2024
LIABILITAS, DANA                                                                                                       LIABILITIES, TEMPORARY
  SYIRKAH TEMPORER                                                                                                           SYIRKAH FUNDS
  DAN EKUITAS (lanjutan)                                                                                               AND EQUITY (continued)

EKUITAS (lanjutan)                                                                                                              EQUITY (continued)

Keuntungan/(kerugian) neto yang belum                                                                                Net unrealised gain/(loss) from
  direalisasi dari kenaikan/(penurunan)                                                                               increase/(decrease) in fair
  nilai wajar aset keuangan                                                                                             value of financial assets
  dalam kelompok nilai wajar                                                                                              classified as fair value
  melalui penghasilan                                                                                                               through other
  komprehensif lain setelah                                                                                              comprehensive income
  dikurangi pajak tangguhan                       2j,2k                   1.146.052               (2.160.850)                - net of deferred tax

Bagian efektif lindung nilai                                                                                                       Effective portion of
  arus kas                                         2n                         (11.218)                 (8.885)                   cash flow hedges

Selisih bersih revaluasi                                                                                                      Net differences in fixed
  aset tetap                                       2r.i                  38.445.684              34.772.745                    assets revaluation

Keuntungan neto aktuarial                                                                                                      Net actuarial gain from
  program imbalan pasti                                                                                                           defined benefits
  setelah dikurangi                                                                                                               program - net of
  pajak tangguhan                                  2ai                    1.374.981               1.595.606                           deferred tax

Penghasilan komprehensif                                                                                                        Other comprehensive
  lainnya                                                                     85.052                  85.052                             income

Selisih transaksi dengan                                                                                                   Difference in transactions
  pihak nonpengendali                              1g                      (309.938)                (309.938)         with non-controlling parties

Saldo laba (saldo rugi sebesar                                                                                      Retained earnings (accumulated
  Rp162.874.901 telah                                                                                                  losses of Rp162,874,901
  dieliminasi dengan tambahan                                                                                            were eliminated against
  modal disetor/agio saham                                                                                             additional paid-in capital/
  pada saat kuasi -                                                                                                     agio as a result of quasi-
  reorganisasi pada                                                                                                                reorganisation
  tanggal 30 April 2003)                                                                                                       on 30 April 2003)
     Sudah ditentukan penggunaannya                                       5.380.268               5.380.268                      Appropriated
     Belum ditentukan penggunaannya                                     218.129.454             214.670.201                   Unappropriated

  Total saldo laba                                                      223.509.722             220.050.469               Total retained earnings

                                                                        293.750.669             283.796.429
Kepentingan nonpengendali                                                                                                Non-controlling interests in
  atas aset bersih Entitas Anak                                                                                        net assets of consolidated
  yang dikonsolidasi                              2d,39                  33.651.329              29.678.252                          Subsidiaries

TOTAL EKUITAS                                                           327.401.998             313.474.681                          TOTAL EQUITY

                                                                                                                               TOTAL LIABILITIES,
TOTAL LIABILITAS, DANA                                                                                                            TEMPORARY
  SYIRKAH TEMPORER                                                                                                             SYIRKAH FUNDS
  DAN EKUITAS                                                          2.829.948.026          2.427.223.262                        AND EQUITY




   Catatan atas laporan keuangan konsolidasian terlampir merupakan              The accompanying notes to the consolidated financial statements form an
   bagian yang tidak terpisahkan dari laporan keuangan konsolidasian                  integral part of these consolidated financial statements taken
                           secara keseluruhan.                                                                  as a whole.


                                                                          8
Page 1023
                                                                                                    The original consolidated financial statements
                                                                                                  included herein are in the Indonesian language.

            PT BANK MANDIRI (PERSERO) Tbk                                                PT BANK MANDIRI (PERSERO) Tbk
                 DAN ENTITAS ANAKNYA                                                          AND ITS SUBSIDIARIES
         LAPORAN LABA RUGI DAN PENGHASILAN                                                CONSOLIDATED STATEMENT OF
                   KOMPREHENSIF LAIN                                                        PROFIT OR LOSS AND OTHER
                     KONSOLIDASIAN                                                           COMPREHENSIVE INCOME
                Untuk Tahun yang Berakhir                                                       For the Year Ended
             pada Tanggal 31 Desember 2025                                                       31 December 2025
             (Disajikan dalam jutaan Rupiah,                                              (Expressed in millions of Rupiah,
                  kecuali dinyatakan lain)                                                    unless otherwise stated)


                                                                          Tahun yang berakhir
                                                                       pada tanggal 31 Desember/
                                                                       Years ended 31 December

                                                Catatan/
                                                 Notes                  2025                   2024

PENDAPATAN DAN BEBAN                                                                                                     INCOME AND EXPENSE
  OPERASIONAL                                                                                                             FROM OPERATIONS
Pendapatan bunga dan                                                                                                            Interest income and
  pendapatan syariah                          2f,2af,41,56                                                                          sharia income
  Pendapatan bunga                                                     139.649.437             129.638.641                        Interest income
  Pendapatan syariah                                                    24.763.029              21.597.386                         Sharia income
Total pendapatan bunga dan                                                                                                Total interest income and
  pendapatan syariah                                                   164.412.466             151.236.027                         sharia income

Beban bunga dan                                                                                                                Interest expense and
  beban syariah                               2f,2af,42,56                                                                         sharia expense
  Beban bunga                                                          (49.066.026)            (41.590.079)                      Interest expense
  Beban syariah                                                         (9.136.405)             (7.889.028)                       Sharia expense

Total beban bunga dan                                                                                                    Total interest expense and
  beban syariah                                                        (58.202.431)            (49.479.107)                       sharia expense

PENDAPATAN BUNGA                                                                                                              NET INTEREST AND
  DAN SYARIAH - NETO                                                   106.210.035             101.756.920                    SHARIA INCOME

Pendapatan asuransi - neto                         2ag                      550.415              2.520.813                   Insurance income - net
PENDAPATAN BUNGA,                                                                                                              NET INTEREST,
  SYARIAH DAN                                                                                                                  SHARIA AND
  ASURANSI - NETO                                                      106.760.450             104.277.733               INSURANCE INCOME

Pendapatan operasional lainnya                                                                                              Other operating income
  Provisi dan komisi                             2ah,43                 27.553.414              23.447.520               Fees and commissions
  Pendapatan dari kelompok                                                                                                Income from fair value
    nilai wajar melalui                                                                                                  through profit or loss
    laba rugi - neto                          2c,2e,2n,44                6.343.482               4.483.298                  classification - net
  Lain-lain                                       45                    14.105.539              14.240.197                                 Others

Total pendapatan                                                                                                               Total other operating
  operasional lainnya                                                   48.002.435              42.171.015                                income
Pembentukan cadangan kerugian                                                                                             Allowance for impairment
  penurunan nilai                                 2c,46                (10.359.492)            (11.811.786)                               losses
Pembalikan penyisihan                                                                                                     Reversal of allowance for
  estimasi kerugian                                                                                                         estimated losses on
  atas komitmen dan                                                                                                           commitments and
  kontinjensi                                    2c,31b                     259.675                   33.829                      contingencies
                                                                                                                                 Allowance for other
Pembentukan penyisihan                                                                                                         impairment losses
  lainnya dan kerugian                                                                                                            and operational
  risiko operasional - neto                       2t,47                 (1.231.070)                (151.047)                     risk losses - net




   Catatan atas laporan keuangan konsolidasian terlampir merupakan             The accompanying notes to the consolidated financial statements form an
   bagian yang tidak terpisahkan dari laporan keuangan konsolidasian                 integral part of these consolidated financial statements taken
                           secara keseluruhan.                                                                 as a whole.


                                                                        9
Page 1024
                                                                                                    The original consolidated financial statements
                                                                                                  included herein are in the Indonesian language.

            PT BANK MANDIRI (PERSERO) Tbk                                                PT BANK MANDIRI (PERSERO) Tbk
                 DAN ENTITAS ANAKNYA                                                          AND ITS SUBSIDIARIES
         LAPORAN LABA RUGI DAN PENGHASILAN                                                CONSOLIDATED STATEMENT OF
                   KOMPREHENSIF LAIN                                                        PROFIT OR LOSS AND OTHER
                KONSOLIDASIAN (lanjutan)                                                COMPREHENSIVE INCOME (continued)
                Untuk Tahun yang Berakhir                                                         For Year Ended
             Pada Tanggal 31 Desember 2025                                                       31 December 2025
             (Disajikan dalam jutaan Rupiah,                                              (Expressed in millions of Rupiah,
                  kecuali dinyatakan lain)                                                    unless otherwise stated)


                                                                          Tahun yang berakhir
                                                                       pada tanggal 31 Desember/
                                                                       Years ended 31 December

                                                Catatan/
                                                 Notes                  2025                   2024

Keuntungan dari penjualan                                                                                                          Gain on sale of
  efek-efek dan obligasi                                                                                               marketable securities and
  pemerintah - neto                             2j,2k,48                    463.146                 150.297             government bonds - net

Beban operasional lainnya                        2f,2ai                                                                 Other operating expenses
                                                                                                                         Salaries and employee
  Beban gaji dan tunjangan                      49,51,56               (26.635.454 )           (23.990.763)                benefits expenses
  Beban umum dan                                                                                                                    General and
    administrasi                                  2r,50                (30.422.281 )           (26.519.633)           administrative expenses
  Lain-lain                                        52                  (10.526.670 )            (8.100.050)                              Others

Total beban operasional                                                                                                        Total other operating
  lainnya                                                              (67.584.405 )           (58.610.446)                             expenses


                                                                                                                                    INCOME FROM
LABA OPERASIONAL                                                        76.310.739              76.059.595                          OPERATION

Beban bukan                                                                                                                 Non-operating expense
  operasional - neto                               53                       106.824                 343.891                                - net


LABA SEBELUM BEBAN                                                                                                               INCOME BEFORE
  PAJAK                                                                 76.417.563              76.403.486                        TAX EXPENSE

Beban pajak                                                                                                                             Tax expense
  Kini                                        2ad,33c,33d              (12.084.460 )           (13.347.034)                                Current
  Tangguhan                                   2ad,33c,33e               (2.986.970 )            (1.891.331)                               Deferred


Total beban pajak - neto                                               (15.071.430 )           (15.238.365)                  Total tax expense - net


LABA TAHUN                                                                                                                          NET INCOME
  BERJALAN                                                              61.346.133              61.165.121                      FOR THE YEAR


PENGHASILAN KOMPREHENSIF                                                                                              OTHER COMPREHENSIVE
  LAIN                                                                                                                           INCOME
Pos-pos yang tidak akan                                                                                                     Items that will not be
  direklasifikasi                                                                                                                reclassified to
  ke laba rugi                                                                                                                    profit or loss
  Keuntungan revaluasi                                                                                                      Gain on fixed assets
     aset tetap                                    2r.i                  3.672.939                  108.911                        revaluation




   Catatan atas laporan keuangan konsolidasian terlampir merupakan             The accompanying notes to the consolidated financial statements form an
   bagian yang tidak terpisahkan dari laporan keuangan konsolidasian                 integral part of these consolidated financial statements taken
                           secara keseluruhan.                                                                 as a whole.


                                                                       10
Page 1025
                                                                                                     The original consolidated financial statements
                                                                                                   included herein are in the Indonesian language.

            PT BANK MANDIRI (PERSERO) Tbk                                                 PT BANK MANDIRI (PERSERO) Tbk
                 DAN ENTITAS ANAKNYA                                                           AND ITS SUBSIDIARIES
         LAPORAN LABA RUGI DAN PENGHASILAN                                                 CONSOLIDATED STATEMENT OF
                   KOMPREHENSIF LAIN                                                         PROFIT OR LOSS AND OTHER
                KONSOLIDASIAN (lanjutan)                                                 COMPREHENSIVE INCOME (continued)
                Untuk Tahun yang Berakhir                                                        For the Year Ended
             pada Tanggal 31 Desember 2025                                                        31 December 2025
             (Disajikan dalam jutaan Rupiah,                                               (Expressed in millions of Rupiah,
                  kecuali dinyatakan lain)                                                     unless otherwise stated)


                                                                          Tahun yang berakhir
                                                                       pada tanggal 31 Desember/
                                                                       Years ended 31 December

                                                Catatan/
                                                 Notes                  2025                    2024

PENGHASILAN KOMPREHENSIF                                                                                               OTHER COMPREHENSIVE
  LAIN (lanjutan)                                                                                                         INCOME (continued)
Pos-pos yang akan                                                                                                                  Items that will be
  direklasifikasi                                                                                                                   reclassified to
  ke laba rugi (lanjutan)                                                                                              profit or loss (continued)
  Keuntungan aktuarial                                                                                                          Actuarial gain from
     program imbalan pasti                         2ai                    (324.493)                  167.984          defined benefits program
  Pajak penghasilan                                                                                                           Income tax related to
     terkait pos-pos yang tidak                                                                                            items that will not be
     akan direklasifikasi                                                                                                         reclassified to
     ke laba rugi                                                           107.915                  (17.024)                       profit or loss

                                                                         3.456.361                   259.871
  Penyesuaian akibat                                                                                                       Difference arising from
    penjabaran laporan                                                                                                   translation of financial
    keuangan dalam                                                                                                        statements in foreign
    mata uang asing                                2e                       140.873                  161.227                           currencies
  Perubahan nilai wajar aset                                                                                              Changes in fair value of
    keuangan dalam                                                                                                               financial assets
    kelompok nilai wajar                                                                                                 classified as fair value
    melalui penghasilan                                                                                                             through other
    komprehensif lain                             2j,2k                  4.375.263                  (533.762)           comprehensive income
  Bagian efektif dari lindung nilai                                                                                              Effective portion of
    arus kas                                       2n                          (5.863)               (25.927)                 cash flow hedges
  Pajak penghasilan terkait                                                                                                  Income tax related to
    pos-pos yang akan                                                                                                          items that will be
    direklasifikasi                                                                                                                reclassified to
    ke laba rugi                                                          (838.846)                  120.235                         profit or loss
                                                                         3.671.427                  (278.227)
Penghasilan komprehensif lain                                                                                                 Other comprehensive
  tahun berjalan -                                                                                                          income for the year
  setelah pajak penghasilan                                              7.127.788                   (18.356)                - net of income tax

TOTAL                                                                                                                                    TOTAL
  PENGHASILAN                                                                                                                 COMPREHENSIVE
  KOMPREHENSIF                                                                                                                        INCOME
  TAHUN BERJALAN                                                        68.473.921               61.146.765                     FOR THE YEAR

Laba tahun berjalan yang                                                                                                       Net income for the
  diatribusikan kepada:                                                                                                    year attributable to:
  Pemilik Entitas Induk                                                 56.293.950               55.782.742                        Parent Entity
  Kepentingan nonpengendali                        2d                    5.052.183                5.382.379               Non-controlling interest

                                                                        61.346.133               61.165.121

Total penghasilan komprehensif                                                                                               Total comprehensive
  tahun berjalan yang                                                                                                       income for the year
  diatribusikan kepada:                                                                                                          attributable to:
  Pemilik Entitas Induk                                                 63.192.562               55.740.401                         Parent Entity
  Kepentingan nonpengendali                        2d                    5.281.359                5.406.364               Non-controlling interest
                                                                        68.473.921               61.146.765


LABA PER SAHAM                                   2aj,40g                                                                  EARNINGS PER SHARE
  Dasar dan dilusian (dalam                                                                                                Basic and diluted (full
    Rupiah penuh)                                                            603,23                    597,67              amount of Rupiah)




   Catatan atas laporan keuangan konsolidasian terlampir merupakan              The accompanying notes to the consolidated financial statements form an
   bagian yang tidak terpisahkan dari laporan keuangan konsolidasian                  integral part of these consolidated financial statements taken
                           secara keseluruhan.                                                                  as a whole.


                                                                       11
Page 1026
                                                                                                                                                                                                       The original consolidated financial statements included herein are in the Indonesian language.


                                           PT BANK MANDIRI (PERSERO) Tbk                                                                                                                                                        PT BANK MANDIRI (PERSERO) Tbk
                                                DAN ENTITAS ANAKNYA                                                                                                                                                                   AND ITS SUBSIDIARIES
                                  LAPORAN PERUBAHAN EKUITAS KONSOLIDASIAN                                                                                                                                             CONSOLIDATED STATEMENT OF CHANGES IN EQUITY
                                               Untuk Tahun yang Berakhir                                                                                                                                                                 For the Year Ended
                                            pada Tanggal 31 Desember 2025                                                                                                                                                                 31 December 2025
                                (Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain)                                                                                                                              (Expressed in millions of Rupiah, unless otherwise stated)


                                                                                                                                                                    31 Desember 2025/31 December 2025
                                                                                                                         Keuntungan/
                                                                                                                      (kerugian) neto
                                                                                                                          yang belum
                                                                                                                           direalisasi
                                                                                                                        dari kenaikan/
                                                                                                                         (penurunan)
                                                                                                                           nilai wajar
                                                                                                                       aset keuangan
                                                                                                                              dalam
                                                                                                                           kelompok
                                                                                                                           nilai wajar
                                                                                                                             melalui
                                                                                                                          penghasilan                                       Keuntungan
                                                                                                                        komprehensif                                             neto
                                                                                                      Selisih kurs        lain setelah                                         aktuarial
                                                                                                          karena           dikurangi                                           program
                                                                                     Modal saham       penjabaran             pajak                                            imbalan
                                                                                          yang           laporan          tangguhan/                                             pasti                                                                                                      Kepentingan
                                                                                       diperoleh        keuangan        Net unrealized                                          setelah                                                                                                   nonpengendali
                                                                                      dan dimiliki    dalam mata      gain/(loss) from                                        dikurangi                                 Selisih                                                               atas aset
                                                                                        kembali       uang asing/           increase/        Bagian              Selisih         pajak                                transaksi                                                             neto Entitas
                                                                   Tambahan             (saham         Difference        (decrease) in        efektif             bersih     tangguhan/                            dengan pihak              Saldo laba/Retained earnings                    Anak yang
                                                  Modal              modal             treasuri)/     arising from        fair value of   lindung nilai         revaluasi   Net actuarial        Penghasilan       nonpengendali                                                           dikonsolidasi/
                                              ditempatkan           disetor/         Share capital   translation of   financial assets      arus kas/           aset tetap/   gain from         komprehensif        Difference in                                                         Non-controlling
                                              dan disetor/        agio saham/        acquired and       financial       through other       Effective              Net         defined             lainnya/          transaction        Sudah          Belum                               interest in net
                                               Issued and          Additional        repossessed     statements in    comprehensive         portion of        difference in    benefits              Other             with non-      ditentukan     ditentukan                               assets of           Total
                                   Catatan/   fully paid-in         paid-in            (treasury         foreign       income - net of      cash flow         fixed assets program - net       comprehensive         controlling    penggunaannya/ penggunaannya                            consolidated         ekuitas/
                                    Notes        capital          capital/agio          shares)        currencies         deferred tax       hedges            revaluation of deferred tax          income              parties      /Appropriated /Unappropriated          Total           Subsidiaries       Total equity

Saldo pada tanggal                                                                                                                                                                                                                                                                                                                            Balance as of
   1 Januari 2025                                11.666.667         18.095.274                   -          10.289         (2.160.850)           (8.885)        34.772.745      1.595.606              85.052           (309.938)        5.380.268      214.670.201     220.050.469            29.678.252 313.474.681                      1 January 2025

Pembagian laba:                                                                                                                                                                                                                                                                                                                         Distribution of income:
   Dividen atas laba bersih                                                                                                                                                                                                                                                                                                         Dividend on net income
      tahun 2024                     40c                      -                  -               -                -                   -                   -               -               -                    -                -                 -      (43.510.539)   (43.510.539)                      - (43.510.539)             for the year 2024

   Dividen interim atas laba                                                                                                                                                                                                                                                                                                        Interim dividend on net
      bersih tahun 2025              40c                      -                  -               -                -                   -                   -               -               -                    -                -                 -       (9.324.158)       (9.324.158)                   -     (9.324.158)   income for the year 2025

Pembelian saham treasuri              1f                      -                  -       (403.625)                -                   -                   -               -               -                    -                -                 -                -                 -                    -       (403.625)      Purchase of treasury shares

Perubahan pada kepentingan                                                                                                                                                                                                                                                                                                         Changes in non-controlling
   nonpengendali atas pembayaran                                                                                                                                                                                                                                                                                                         interest arising from
   dividen dan perubahan                                                                                                                                                                                                                                                                                                         distribution of dividens and
   ekuitas Entitas Anak                                       -                  -               -                -                   -                   -               -               -                    -                -                 -                -                 -          (1.308.282 )    (1.308.282)   changes in Subsidiary’s equity

Laba tahun berjalan                                           -                  -              -                 -                   -                   -               -               -                    -                -                 -      56.293.950         56.293.950          5.052.183       61.346.133            Net income for the year

Penghasilan komprehensif lain                                                                                                                                                                                                                                                                                                            Other comprehensive
   tahun berjalan                                             -                  -               -         141.729          3.306.902            (2.333)         3.672.939         (220.625)                   -                -                 -                -                 -            229.176        7.127.788             income for the year
Saldo pada tanggal                                                                                                                                                                                                                                                                                                                            Balance as of
   31 Desember 2025                              11.666.667         18.095.274           (403.625)         152.018          1.146.052          (11.218)         38.445.684      1.374.981              85.052           (309.938)        5 .380.268     218.129.454     223.509.722            33.651.329 327.401.998                    31 December 2025




                 Catatan atas laporan keuangan konsolidasian terlampir merupakan bagian yang tidak terpisahkan dari                                                                                     The accompanying notes to the consolidated financial statements form an integral part of these
                                        laporan keuangan konsolidasian secara keseluruhan.                                                                                                                                 consolidated financial statements taken as a whole.


                                                                                                                                                                              12
Page 1027
                                                                                                                                                                                                                 The original consolidated financial statements included herein are in the Indonesian language.


                                             PT BANK MANDIRI (PERSERO) Tbk                                                                                                                                                     PT BANK MANDIRI (PERSERO) Tbk
                                                  DAN ENTITAS ANAKNYA                                                                                                                                                                AND ITS SUBSIDIARIES
                                LAPORAN PERUBAHAN EKUITAS KONSOLIDASIAN (lanjutan)                                                                                                                                CONSOLIDATED STATEMENT OF CHANGES IN EQUITY (continued)
                                                 Untuk Tahun yang Berakhir                                                                                                                                                              For the Year Ended
                                              pada Tanggal 31 Desember 2025                                                                                                                                                              31 December 2025
                                  (Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain)                                                                                                                           (Expressed in millions of Rupiah, unless otherwise stated)


                                                                                                                                                             31 Desember 2024/31 December 2024
                                                                                                                Keuntungan/
                                                                                                                   (kerugian)
                                                                                                                       neto
                                                                                                                  yang belum
                                                                                                                   direalisasi
                                                                                                               dari kenaikan/
                                                                                                                 (penurunan)
                                                                                                                   nilai wajar
                                                                                                              aset keuangan
                                                                                                                      dalam
                                                                                                                   kelompok
                                                                                                                   nilai wajar
                                                                                                                     melalui
                                                                                                                 penghasilan                                       Keuntungan
                                                                                                               komprehensif                                             neto
                                                                                            Selisih kurs          lain setelah                                        aktuarial
                                                                                                karena              dikurangi                                         program
                                                                                             penjabaran               pajak                                           imbalan
                                                                                               laporan            tangguhan/                                            pasti                                                                                                     Kepentingan
                                                                                              keuangan         Net unrealised                                          setelah                                                                                                  nonpengendali
                                                                                            dalam mata       gain/(loss) from                                        dikurangi                                                                                                      atas aset
                                                                                            uang asing/             increase/       Bagian              Selisih         pajak                                    Selisih              Saldo laba/Retained earnings                neto Entitas
                                                                                             Difference         (decrease) in        efektif             bersih     tangguhan/                                 transaksi                                                           Anak yang
                                                      Modal             Tambahan            arising from         fair value of   lindung nilai         revaluasi   Net actuarial      Penghasilan            dengan pihak                                                        dikonsolidasi/
                                                  ditempatkan         modal disetor/       translation of    financial assets      arus kas/           aset tetap/   gain from       komprehensif            nonpengendali/                                                     Non-controlling
                                                  dan disetor/         agio saham/            financial        through other       Effective              Net         defined           lainnya/              Difference in      Sudah             Belum                         interest in net
                                                   Issued and           Additional         statements in     comprehensive         portion of        difference in    benefits            Other             transaction with   ditentukan        ditentukan                         assets of          Total
                                       Catatan/   fully paid-in          paid-in               foreign        income - net of      cash flow         fixed assets program - net     comprehensive            non-controlling penggunaannya/ penggunaannya/                        consolidated        ekuitas/
                                        Notes        capital           capital/agio          currencies          deferred tax       hedges            revaluation of deferred tax        income                  parties      Appropriated    Unappropriated       Total          Subsidiaries      Total equity


Saldo pada tanggal                                                                                                                                                                                                                                                                                                                           Balance as of
   1 Januari 2024                                    11.666.667            17.643.264            (146.299)         (1.837.760)           1.429         34.716.693       1.517.183           85.052                 (97.202)       5.380.268       191.923.489    197.303.757         26.642.178      287.494.962                        1 January 2024


Pembayaran dividen dari laba                                                                                                                                                                                                                                                                                                          Dividend payment from
   bersih tahun 2023                       40c                    -                    -                -                    -                   -              -               -                   -                     -               -       (33.036.034)   (33.036.034)                  -      (33.036.034)                      2023 net income

Perubahan pada kepentingan                                                                                                                                                                                                                                                                                                         Changes in non-controlling
   nonpengendali atas pembayaran                                                                                                                                                                                                                                                                                          interest arising from distribution
   dividen dan perubahan                                                                                                                                                                                                                                                                                                        of dividends and changes
   ekuitas Entitas Anak                                           -                    -                -                    -                   -              -               -                   -                         -           -                 -              -          (1.307.313)      (1.307.313)                   in Subsidiary’s equity

Laba tahun berjalan                                               -                    -                -                    -                   -              -               -                   -                         -           -        55.782.742     55.782.742          5.382.379       61.165.121                     Net income for the year

Transfer pendapatan komprehensif lain                                                                                                                                                                                                                                                                                        Transfer of other comprehensive
    ke saldo laba karena penghentian                                                                                                                                                                                                                                                                                   income to retained earnings due to
    aset keuangan yang diukur                                                                                                                                                                                                                                                                                             derecognition of financial assets
    pada nilai wajar melalui penghasilan                                                                                                                                                                                                                                                                                   measured at fair value through
    komprehensif lain                                             -                    -                -                    -                   -              -               -                       -                     -               -             4              4                   -                   4        other comprehensive income

Dampak pengalihan kepemilikan                                                                                                                                                                                                                                                                                                           Impact of transfer of
   pada Entitas Anak dari                                                                                                                                                                                                                                                                                                       ownership in a Subsidiary
   kepentingan nonpengendali                                      -                    -                -                    -                   -              -               -                   -             (305.486 )              -                 -              -           (713.514)       (1.019.000)           from non-controlling interest

Dampak pengalihan pengendalian                                                                                                                                                                                                                                                                                                      Impact of control transfer
   atas Entitas Anak kepada                                                                                                                                                                                                                                                                                                           of a Subsidiary to a
   entitas sepengendali                                           -          452.010                    -                    -                   -              -               -                   -               92.750                -                 -              -           (349.463)         195.297            entity under common control

Penghasilan komprehensif lain                                                                                                                                                                                                                                                                                                          Other comprehensive
   tahun berjalan                                                 -                    -         156.588            (323.090 )         (10.314)            56.052         78.423                    -                     -               -                 -              -             23.985           (18.356)                   income for the year
Saldo pada tanggal                                                                                                                                                                                                                                                                                                                          Balance as of
   31 Desember 2024                                  11.666.667            18.095.274              10.289          (2.160.850)           (8.885)       34.772.745       1.595.606           85.052                (309.938 )      5.380.268       214.670.201    220.050.469         29.678.252      313.474.681                     31 December 2024




                 Catatan atas laporan keuangan konsolidasian terlampir merupakan bagian yang tidak terpisahkan dari                                                                                              The accompanying notes to the consolidated financial statements form an integral part of these
                                        laporan keuangan konsolidasian secara keseluruhan.                                                                                                                                          consolidated financial statements taken as a whole.


                                                                                                                                                                                    13
Page 1028
                                                                                                    The original consolidated financial statements
                                                                                                  included herein are in the Indonesian language.

              PT BANK MANDIRI (PERSERO) Tbk                                               PT BANK MANDIRI (PERSERO) Tbk
                   DAN ENTITAS ANAKNYA                                                         AND ITS SUBSIDIARIES
                     LAPORAN ARUS KAS                                                      CONSOLIDATED STATEMENT OF
                       KONSOLIDASIAN                                                                CASH FLOWS
                  Untuk Tahun yang Berakhir                                                      For the Year Ended
               pada Tanggal 31 Desember 2025                                                      31 December 2025
               (Disajikan dalam jutaan Rupiah,                                             (Expressed in millions of Rupiah,
                    kecuali dinyatakan lain)                                                   unless otherwise stated)


                                                                           Tahun yang berakhir
                                                                        pada tanggal 31 Desember/
                                                                        Years ended 31 December

                                                Catatan/
                                                 Notes                   2025                   2024

ARUS KAS DARI                                                                                                                 CASH FLOWS FROM
  AKTIVITAS                                                                                                                       OPERATING
  OPERASIONAL                                                                                                                      ACTIVITIES

Penerimaan pendapatan                                                                                                          Receipts from interest
  bunga                                                                 135.685.903            126.307.045                                  income
Penerimaan pendapatan                                                                                                           Receipts from sharia
  syariah                                                                24.761.655              21.444.104                                 income
Penerimaan pendapatan                                                                                                       Receipts from provision,
  provisi, komisi                                                                                                                 commission and
  dan premi                                                              37.214.656              36.542.783                      premium income
Pembayaran beban                                                                                                                Payments of interest
  bunga                                                                  (46.694.494)           (41.137.244)                               expense
Pembayaran beban                                                                                                                  Payments of sharia
  syariah                                                                 (9.185.844)            (7.844.161)                               expense
Pembayaran beban                                                                                                              Payments of insurance
  asuransi                                                                (8.389.121)           (10.574.450)                               expense
Penerimaan dari                                                                                                                     Receipts from the
  penjualan obligasi                                                                                                           sale of government
  pemerintah - diukur                                                                                                        bonds - measured at
  pada nilai wajar                                                                                                                        fair value
  melalui laba rugi                                                     459.600.567            489.371.973                   through profit or loss
Pembelian obligasi                                                                                                        Acquisition of government
  pemerintah - diukur                                                                                                        bonds - measured at
  pada nilai wajar                                                                                                                        fair value
  melalui laba rugi                                                     (471.524.315)          (498.026.362)                 through profit or loss
Pendapatan dari                                                                                                                          Income from
  kelompok nilai wajar                                                                                                    fair value through profit
  melalui laba rugi - neto                                                 8.071.537              4.473.622             or loss classification - net
Pendapatan operasional                                                                                                                Other operating
  lainnya - lain-lain                                                      4.261.159              4.927.284                        income - others
Beban operasional                                                                                                                     Other operating
  lainnya - lain-lain                                                    (10.383.605)            (9.613.944)                    expenses - others
                                                                                                                              Salaries and employee
Beban gaji dan tunjangan                                                 (26.116.921)           (28.501.269)                    benefits expenses
Beban umum dan                                                                                                                            General and
  administrasi                                                           (24.299.679)           (20.406.171)             administrative expenses
Pendapatan bukan                                                                                                                       Non-operating
  operasional - neto                               53                         104.547               335.917                           income - net
Pembayaran pajak                                                                                                               Payment of corporate
  penghasilan badan                                                     (11.338.737)            (13.438.576)                            income tax

Arus kas dari aktivitas                                                                                                   Cash flows from operating
  operasional sebelum                                                                                                             activities before
  perubahan aset dan                                                                                                        changes in operating
  liabilitas operasional                                                 61.767.308              53.860.551                  assets and liabilities

(Kenaikan)/penurunan atas                                                                                                     (Increase)/decrease in
  aset operasional:                                                                                                              operating assets:
  Penempatan pada                                                                                                                 Placements with
    Bank Indonesia                                                                                                              Bank Indonesia
    dan bank lain                                                         (1.022.430)              (958.884)                    and other banks
  Efek-efek - diukur pada                                                                                                   Marketable securities
    nilai wajar melalui                                                                                                - measured at fair value
    laba rugi                                                            (26.425.082)             1.973.193               through profit or loss




    Catatan atas laporan keuangan konsolidasian terlampir merupakan               The accompanying notes to the consolidated financial statements form an
    bagian yang tidak terpisahkan dari laporan keuangan konsolidasian                   integral part of these consolidated financial statements taken
                            secara keseluruhan.                                                                   as a whole.

                                                                         14
Page 1029
                                                                                                     The original consolidated financial statements
                                                                                                   included herein are in the Indonesian language.

                 PT BANK MANDIRI (PERSERO) Tbk                                            PT BANK MANDIRI (PERSERO) Tbk
                      DAN ENTITAS ANAKNYA                                                      AND ITS SUBSIDIARIES
                        LAPORAN ARUS KAS                                                   CONSOLIDATED STATEMENT OF
                     KONSOLIDASIAN (lanjutan)                                                  CASH FLOWS (continued)
                     Untuk Tahun yang Berakhir                                                    For the Year Ended
                  pada Tanggal 31 Desember 2025                                                   31 December 2025
                  (Disajikan dalam jutaan Rupiah,                                          (Expressed in millions of Rupiah,
                       kecuali dinyatakan lain)                                                 unless otherwise stated)


                                                                            Tahun yang berakhir
                                                                         pada tanggal 31 Desember/
                                                                         Years ended 31 December

                                                 Catatan/
                                                  Notes                   2025                 2024*)

ARUS KAS DARI                                                                                                               CASH FLOWS FROM
  AKTIVITAS                                                                                                                       OPERATING
  OPERASIONAL (lanjutan)                                                                                                 ACTIVITIES (continued)

(Kenaikan)/penurunan atas                                                                                                     (Increase)/decrease in
  aset operasional: (lanjutan)                                                                                      operating assets: (continued)
  Tagihan lainnya - transaksi                                                                                                    Other receivables
    perdagangan                                                            (2.097.994)           (3.929.564)               - trade transactions
  Kredit yang diberikan                                                  (193.509.441)         (237.605.954)                                  Loans
                                                                                                                               Sharia receivables/
  Piutang/pembiayaan syariah                                              (42.257.111)          (39.585.822)                           financing
  Tagihan atas efek-efek                                                                                                    Securities purchased
     yang dibeli dengan                                                                                                     under agreements
     janji dijual kembali                                                   4.386.361            14.402.790                              to resell
  Piutang pembiayaan                                                                                                          Consumer financing
     konsumen                                                                (994.335)          (10.319.670)                         receivables
  Investasi bersih dalam                                                                                                            Net investment
     sewa pembiayaan                                                        1.346.033              (319.986)                     finance leases
  Pajak dibayar dimuka                                                       (112.610)             (302.483)                         Prepaid taxes
  Biaya dibayar dimuka                                                       (845.315)           (2.107.934)                    Prepaid expenses
  Aset lain-lain                                                           (3.502.246)              851.950                           Other assets
Penerimaan atas aset
  keuangan yang telah                                                                                                         Recovery of written-off
  dihapusbukukan                                                            9.844.380             9.312.913                      financial assets

Kenaikan/(penurunan)                                                                                                           Increase/(decrease) in
  atas liabilitas operasional                                                                                              operating liabilities and
  dan dana syirkah temporer:                                                                                            temporary syirkah funds:
  Bank konvensional                                                                                                         Conventional banking
     Giro                                                                 94.403.943             18.549.199                   Demand deposits
     Tabungan                                                             41.785.241             70.964.416                      Saving deposits
     Deposito berjangka                                                  230.133.571             11.951.464                        Time deposits
     Interbank call money                                                 (1.947.672)             2.679.658               Interbank call money
                                                                                                                                 Obligations due
      Liabilitas segera                                                    (1.166.273)            1.218.775                       immediately
      Liabilitas kontrak                                                                                                     Insurance contract
         asuransi                                   27                      2.182.623              (533.653)                          liabilities
      Utang pajak lainnya                                                    (495.442)              488.808                Other taxes payable
      Liabilitas lain-lain                                                 (1.213.929)            2.793.362                       Other liabilities

   Bank syariah - dana syirkah                                                                                            Sharia bank - temporary
     temporer                                                                                                                       syirkah funds
     Giro - investasi                                                                                                          Demand deposits
       terikat                                                                                                        - restricted investment
       dan giro                                                                                                             and mudharabah
       mudharabah                                                                                                                musytarakah
       musytarakah                                                          6.853.820             4.818.540                 demand deposits
     Tabungan -                                                                                                                 Saving deposits
       investasi terikat                                                                                              - restricted investment
       dan investasi                                                                                                        and mudharabah
       tidak terikat                                                                                                          saving deposits
       tabungan                                                                                                                  - unrestricted
       mudharabah                                                         14.142.673              7.510.475                         investment

*) Direklasifikasi, lihat Catatan 64                                                                                   *) Reclassified, see Note 64




     Catatan atas laporan keuangan konsolidasian terlampir merupakan              The accompanying notes to the consolidated financial statements form an
     bagian yang tidak terpisahkan dari laporan keuangan konsolidasian                  integral part of these consolidated financial statements taken
                             secara keseluruhan.                                                                  as a whole.

                                                                          15
Page 1030
                                                                                                      The original consolidated financial statements
                                                                                                    included herein are in the Indonesian language.

              PT BANK MANDIRI (PERSERO) Tbk                                                PT BANK MANDIRI (PERSERO) Tbk
                   DAN ENTITAS ANAKNYA                                                          AND ITS SUBSIDIARIES
                     LAPORAN ARUS KAS                                                       CONSOLIDATED STATEMENT OF
                  KONSOLIDASIAN (lanjutan)                                                      CASH FLOWS (continued)
                  Untuk Tahun yang Berakhir                                                        For the Year Ended
               pada Tanggal 31 Desember 2025                                                       31 December 2025
               (Disajikan dalam jutaan Rupiah,                                              (Expressed in millions of Rupiah,
                    kecuali dinyatakan lain)                                                     unless otherwise stated)


                                                                           Tahun yang berakhir
                                                                        pada tanggal 31 Desember/
                                                                        Years ended 31 December

                                                Catatan/
                                                 Notes                   2025                    2024

ARUS KAS DARI                                                                                                                CASH FLOWS FROM
  AKTIVITAS                                                                                                                        OPERATING
  OPERASIONAL (lanjutan)                                                                                                  ACTIVITIES (continued)
Kenaikan/(penurunan)                                                                                                          Increase/(decrease) in
  atas liabilitas operasional                                                                                              operating liabilities and
  dan dana syirkah temporer:                                                                                             temporary syirkah funds:
  (lanjutan)                                                                                                                            (continued)
  Bank syariah - dana syirkah                                                                                             Sharia bank - temporary
     temporer (lanjutan)                                                                                              syirkah funds (continued)
     Deposito                                                                                                                 Mudharabah time
        mudharabah -                                                                                                                   deposits
        investasi                                                                                                                - unrestricted
        tidak terikat                                                    15.284.065               14.729.578                        investment
Kas neto yang diperoleh dari/                                                                                      Net cash provided by/(used in)
  (digunakan untuk) aktivitas operasional                               206.540.138              (79.558.278)               operating activities


ARUS KAS DARI                                                                                                                 CASH FLOWS FROM
  AKTIVITAS INVESTASI                                                                                                   INVESTING ACTIVITIES
Kenaikan                                                                                                                                    Increase in
  efek-efek -                                                                                                              marketable securities -
  selain diukur pada                                                                                                      other than measured at
  nilai wajar                                                                                                                    fair value through
  melalui laba rugi                                                       (2.844.099)             (4.213.227)                          profit or loss
Penurunan                                                                                                                                  Decrease in
  obligasi pemerintah - selain                                                                                                government bonds -
  diukur pada                                                                                                             other than measured at
  nilai wajar                                                                                                                              fair value
  melalui laba rugi                                                      11.096.966               29.535.716                 through profit or loss
Penerimaan dari penjualan                                                                                                      Proceeds from sale of
  aset tetap                                      18b                         40.148                  35.890                           fixed assets
Pembelian aset tetap                              18a                     (5.456.304)             (6.141.551)             Acquisition of fixed assets
Pembelian aset                                                                                                                           Acquisition of
  takberwujud                                      19                     (2.048.023)             (2.402.345)                     intangible assets
Kenaikan investasi                                                                                                                          Increase in
  Entitas Anak                                                                  (1.000)               (15.072)           Subsidiaries’ investment
Penyertaan pada                                                                                                                          Investment in
  Entitas Lain                                                                       -                (20.000)                         Other Entity
Penerimaan dari pengalihan                                                                                            Proceeds from control transfer
  pengendalian atas Entitas Anak                                                     -               951.284                        of a Subsidiary
Kas neto yang diperoleh                                                                                                           Net cash provided
  dari aktivitas                                                                                                                     by investing
  investasi                                                                   787.688             17.730.695                            activities


ARUS KAS DARI                                                                                                                  CASH FLOWS FROM
  AKTIVITAS                                                                                                                         FINANCING
  PENDANAAN                                                                                                                          ACTIVITIES
Penerimaan dari efek-efek                                                                                                        Receipts from debt
  yang diterbitkan                                                       37.518.161               25.460.904                     securities issued
Pembayaran atas efek-efek                                                                                                         Payments of debt
  yang diterbitkan                                                       (17.159.816)            (36.082.179)                    securities issued
Penerimaan dari pinjaman                                                                                                         Receipts from fund
  yang diterima                                                         151.881.750               99.255.831                          borrowings
Pembayaran atas pinjaman                                                                                                          Payments of fund
  yang diterima                                                         (148.739.809)            (48.433.335)                         borrowings




    Catatan atas laporan keuangan konsolidasian terlampir merupakan                The accompanying notes to the consolidated financial statements form an
    bagian yang tidak terpisahkan dari laporan keuangan konsolidasian                    integral part of these consolidated financial statements taken
                            secara keseluruhan.                                                                    as a whole.

                                                                         16
Page 1031
                                                                                                     The original consolidated financial statements
                                                                                                   included herein are in the Indonesian language.

              PT BANK MANDIRI (PERSERO) Tbk                                               PT BANK MANDIRI (PERSERO) Tbk
                   DAN ENTITAS ANAKNYA                                                         AND ITS SUBSIDIARIES
                     LAPORAN ARUS KAS                                                      CONSOLIDATED STATEMENT OF
                  KONSOLIDASIAN (lanjutan)                                                     CASH FLOWS (continued)
                  Untuk Tahun yang Berakhir                                                       For the Year Ended
               pada Tanggal 31 Desember 2025                                                      31 December 2025
               (Disajikan dalam jutaan Rupiah,                                             (Expressed in millions of Rupiah,
                    kecuali dinyatakan lain)                                                    unless otherwise stated)


                                                                           Tahun yang berakhir
                                                                        pada tanggal 31 Desember/
                                                                        Years ended 31 December

                                                Catatan/
                                                 Notes                   2025                   2024

ARUS KAS DARI                                                                                                               CASH FLOWS FROM
  AKTIVITAS                                                                                                                        FINANCING
  PENDANAAN (lanjutan)                                                                                                   ACTIVITIES (continued)

Pembayaran atas                                                                                                                       Payments of
  pinjaman dan                                                                                                               subordinated loans
  efek-efek                                                                                                                      and marketable
  subordinasi                                      59                         (17.338)               (16.887)                          securities
(Penurunan)/kenaikan liabilitas                                                                                             (Decrease)/increase in
  atas efek-efek yang                                                                                                             securities sold
  dijual dengan janji                              59                                                                      under agreements to
  dibeli kembali                                                        (52.356.534)             53.371.351                repurchase liabilities
Pembayaran liabilitas sewa                        35                     (1.842.146)             (1.651.500)           Payments for lease liabilities
Pembayaran dividen                                40c                   (43.510.539)            (33.036.034)                Payments of dividends
Pembelian saham treasuri                                                   (403.625)                      -            Purchase of treasury shares
Penambahan kepemilikan pada                                                                                                  Acquisition of interest
  Entitas Anak dari kepentingan                                                                                             in a Subsidiary from
  nonpengendali                                                                     -            (1.019.000)             non-controlling interest

Kas neto yang (digunakan untuk)/                                                                                      Net cash (used in)/provided
  diperoleh dari aktivitas pendanaan                                    (74.629.896)             57.849.151              by financing activities


KENAIKAN/(PENURUNAN)                                                                                                NET INCREASE/(DECREASE)
  NETO KAS DAN                                                                                                                 IN CASH AND
  SETARA KAS                                                            132.697.930              (3.978.432)             CASH EQUIVALENTS
DAMPAK PERUBAHAN                                                                                                        EFFECTS OF EXCHANGE
  SELISIH KURS                                                                                                            RATE CHANGES ON
  TERHADAP                                                                                                                  CASH AND CASH
  KAS DAN SETARA KAS                                                      3.210.036               4.214.862                   EQUIVALENTS
REKLASIFIKASI KAS DAN                                                                                                  RECLASSIFICATION OF
  SETARA KAS                                                                                                              CASH AND CASH
  KE ASET DIKUASAI                                                                                                 EQUIVALENTS TO ASSETS
  UNTUK DIJUAL                                     66                         (68.900)                       -             HELD FOR SALE
                                                                                                                              CASH AND CASH
KAS DAN SETARA KAS PADA                                                                                                 EQUIVALENTS AT THE
  AWAL TAHUN                                                            244.038.123            243.801.693               BEGINNING OF YEAR

                                                                                                                              CASH AND CASH
KAS DAN SETARA KAS PADA                                                                                                 EQUIVALENTS AT THE
  AKHIR TAHUN                                                           379.877.189            244.038.123                     END OF YEAR

Kas dan setara kas                                                                                                       Cash and cash equivalents
  pada akhir tahun                                                                                                             at the end of year
  terdiri dari:                                                                                                                       consists of:

Kas                                            62.B.(vii)                33.857.220              31.665.082                                      Cash
Giro pada                                                                                                                     Current accounts with
   Bank Indonesia                                   4                   238.289.478            105.146.044                        Bank Indonesia
Giro pada                                                                                                                     Current accounts with
   bank lain                                        5                    60.952.583              46.668.439                            other banks
Investasi jangka pendek                                                                                               Liquid short-term investments
   likuid dengan jangka waktu                                                                                                 with maturity period
   jatuh tempo tiga bulan                                                                                                         of three months
   atau kurang sejak                                                                                                                   or less from
   tanggal perolehan                                                     46.777.908              60.558.558                the date of acquisition

Total kas dan                                                                                                                       Total cash and
  setara kas                                                            379.877.189            244.038.123                      cash equivalents




    Catatan atas laporan keuangan konsolidasian terlampir merupakan               The accompanying notes to the consolidated financial statements form an
    bagian yang tidak terpisahkan dari laporan keuangan konsolidasian                   integral part of these consolidated financial statements taken
                            secara keseluruhan.                                                                   as a whole.

                                                                         17
Page 1032
                                                                                          The original consolidated financial statements
                                                                                        included herein are in the Indonesian language.

            PT BANK MANDIRI (PERSERO) Tbk                                         PT BANK MANDIRI (PERSERO) Tbk
                DAN ENTITAS ANAKNYA                                                     AND ITS SUBSIDIARIES
          CATATAN ATAS LAPORAN KEUANGAN                                            NOTES TO THE CONSOLIDATED
                     KONSOLIDASIAN                                                     FINANCIAL STATEMENTS
           Tanggal 31 Desember 2025 dan untuk                                       As of 31 December 2025 and for
          Tahun Berakhir pada Tanggal Tersebut                                         for the Year Then Ended
             (Disajikan dalam jutaan Rupiah,                                       (Expressed in millions of Rupiah,
                 kecuali dinyatakan lain)                                              unless otherwise stated)

1.   INFORMASI UMUM                                                  1.   GENERAL INFORMATION

     a.    Pendirian usaha                                                a.   Establishment

           PT Bank Mandiri (Persero) Tbk (selanjutnya                          PT Bank Mandiri (Persero) Tbk (hereinafter referred
           disebut “Bank Mandiri” atau “Bank”) didirikan pada                  to as “Bank Mandiri” or the “Bank”) was established
           tanggal 2 Oktober 1998 di Negara Republik                           on 2 October 1998 in the Republic of Indonesia
           Indonesia dengan Akta Notaris Sutjipto, S.H.,                       based on Notarial Deed No. 10 of Sutjipto, S.H.,
           No. 10, berdasarkan Peraturan Pemerintah                            under Government Regulation No. 75 Year 1998
           No. 75 Tahun 1998 tanggal 1 Oktober 1998. Akta                      dated 1 October 1998. The deed of establishment
           pendirian dimaksud telah disahkan oleh Menteri                      was approved by the Ministry of Justice of the
           Kehakiman Republik Indonesia berdasarkan Surat                      Republic of Indonesia in its Decision Letter
           Keputusan      No.     C2-16561.HT.01.01.TH.98                      No. C2-16561.HT.01.01.TH.98 dated 2 October
           tanggal 2 Oktober 1998, serta diumumkan pada                        1998 and was published in Supplement No. 6859 of
           Tambahan No. 6859 dalam Berita Negara                               State Gazette of the Republic of Indonesia No. 97
           Republik Indonesia No. 97 tanggal 4 Desember                        dated 4 December 1998.
           1998.

           Bank Mandiri didirikan melalui penggabungan                         Bank Mandiri was established through the merger
           usaha PT Bank Bumi Daya (Persero) (“BBD”),                          of PT Bank Bumi Daya (Persero) (“BBD”), PT Bank
           PT Bank Dagang Negara (Persero) (“BDN”),                            Dagang Negara (Persero) (“BDN”), PT Bank
           PT Bank Ekspor Impor Indonesia (Persero) (“Bank                     Ekspor Impor Indonesia (Persero) (“Bank Exim”)
           Exim”) dan PT Bank Pembangunan Indonesia                            and PT Bank Pembangunan Indonesia (Persero)
           (Persero) (“Bapindo”) (selanjutnya secara                           (“Bapindo”) (hereinafter collectively referred to as
           bersama-sama     disebut     “Bank     Peserta                      the “Merged Banks”).
           Penggabungan”).

           Berdasarkan Pasal 3 Anggaran Dasar Bank                             Based on Article 3 of the Bank’s Articles of
           Mandiri, ruang lingkup kegiatan Bank Mandiri                        Association, Bank Mandiri is engaged in banking
           adalah melakukan usaha di bidang perbankan                          activities in accordance with prevailing laws and
           sesuai dengan ketentuan dan peraturan                               regulations. The Bank commenced its operations
           perundang-undangan yang berlaku. Bank Mandiri                       on 1 August 1999. The Bank’s Parent Entity is the
           mulai beroperasi pada tanggal 1 Agustus 1999.                       Government of the Republic of Indonesia through
           Entitas Induk Bank adalah Pemerintah Republik                       the Ministry of State-Owned Enterprises which is
           Indonesia melalui Kementerian BUMN yang                             the Ministry within the Indonesian Government that
           merupakan Kementerian dalam Pemerintah                              is in charge of state-owned enterprises
           Indonesia yang membidangi urusan pembinaan                          development affairs.
           badan usaha milik negara.

           Anggaran Dasar Bank Mandiri telah mengalami                         The Articles of Association of Bank Mandiri has
           beberapa kali perubahan, sebagaimana terakhir                       been amended several times, the latest amendment
           berdasarkan Akta Pernyataan Keputusan Rapat                         under Deed of Annual General Meeting of
           Umum Pemegang Saham Tahunan No. 12,                                 Shareholders No. 12, dated 24 April 2025 made
           tanggal 24 April 2025, yang dibuat di hadapan                       before Utiek R. Abdurachman, S.H., M.LI., M.Kn,
           Utiek R. Abdurachman, S.H., M.LI., M.Kn., Notaris                   notary in Jakarta. This amendment has been
           di    Jakarta.   Perubahan     tersebut    telah                    submitted to and approved by the Ministry of Laws
           diberitahukan kepada Menteri Hukum Republik                         of the Republic of Indonesia, in its Decision Letter
           Indonesia sesuai dengan surat penerimaan                            No. AHU-AH.01.03-0113069 and registered in the
           pemberitahuan No. AHU-AH.01.03-0113069 dan                          Company Register No. AHU-0090215.AH.01.11.
           terdaftar      pada      Daftar       Perseroan                     Year 2025, dated on 25 April 2025.
           No. AHU-0090215.AH.01.11. Tahun 2025 tanggal
           25 April 2025.




                                                                18
Page 1033
                                                                                               The original consolidated financial statements
                                                                                             included herein are in the Indonesian language.

            PT BANK MANDIRI (PERSERO) Tbk                                              PT BANK MANDIRI (PERSERO) Tbk
                DAN ENTITAS ANAKNYA                                                          AND ITS SUBSIDIARIES
          CATATAN ATAS LAPORAN KEUANGAN                                                 NOTES TO THE CONSOLIDATED
                     KONSOLIDASIAN                                                          FINANCIAL STATEMENTS
           Tanggal 31 Desember 2025 dan untuk                                            As of 31 December 2025 and for
          Tahun Berakhir pada Tanggal Tersebut                                              for the Year Then Ended
             (Disajikan dalam jutaan Rupiah,                                            (Expressed in millions of Rupiah,
                 kecuali dinyatakan lain)                                                   unless otherwise stated)

1.   INFORMASI UMUM (lanjutan)                                        1.   GENERAL INFORMATION (continued)

     b.    Penggabungan usaha                                              b.   Merger

           Pada akhir bulan Februari 1998, Pemerintah                           At the end of February 1998, the Government of the
           Republik   Indonesia    (selanjutnya disebut                         Republic of Indonesia (hereinafter referred to as
           “Pemerintah”) mengumumkan rencana untuk                              “Government”) announced its plan to restructure
           melakukan restrukturisasi atas Bank Peserta                          the Merged Banks.
           Penggabungan.

           Sehubungan dengan rencana restrukturisasi                            In connection with the restructurisation plan, the
           tersebut, Pemerintah mendirikan Bank Mandiri                         Government established Bank Mandiri in October
           pada bulan Oktober 1998 dengan melakukan                             1998 through the payment of cash and the transfer
           penyetoran tunai dan pengalihan saham                                the Government’s shares of the Merged Banks
           Pemerintah pada Bank Peserta Penggabungan                            (Note 40a and 40b). The difference between the
           (Catatan 40a dan 40b). Selisih antara harga                          transfer price and the book value of the shares at the
           transfer dan nilai buku saham pada saat                              time of the restructurisation was not calculated as it
           restrukturisasi tidak dihitung karena dinilai tidak                  was considered not practicable to do so. All losses
           praktis. Seluruh kerugian yang timbul selama                         incurred during the year of restructuring were
           periode restrukturisasi diakui dalam Program                         recognised in the Recapitalisation Program.
           Rekapitalisasi.

           Rencana restrukturisasi tersebut dirancang untuk                     The restructurisation plan was designed to merge
           menggabungkan       usaha      Bank      Peserta                     the Merged Banks’ business into Bank Mandiri on
           Penggabungan ke dalam Bank Mandiri pada                              July 1999 and the recapitalisation of Bank Mandiri.
           bulan Juli 1999 dan rekapitalisasi Bank Mandiri.                     The restructurisation of the Merged Banks into Bank
           Restrukturisasi Bank Peserta Penggabungan ke                         Mandiri also covered the following:
           dalam Bank Mandiri juga mencakup:

           i.     Restrukturisasi kredit yang diberikan;                        i.      Restructurisation of loans;
           ii.    Restrukturisasi    aset    non-kredit  yang                   ii.     Restructurisation of non-loan assets;
                  diberikan;
           iii.   Rasionalisasi kantor cabang di dalam dan                      iii.    Rationalisation of domestic and overseas
                  luar negeri;                                                          offices;
           iv.    Rasionalisasi sumber daya manusia.                            iv.     Rationalisation of human resources.

           Berdasarkan Akta Notaris Sutjipto, S.H., No. 100                     Based on the Notarial Deed of Sutjipto, S.H.,
           tanggal    24    Juli   1999,   Bank     Peserta                     No. 100 dated 24 July 1999, the Merged Banks were
           Penggabungan secara hukum melakukan                                  legally merged into Bank Mandiri. The Merger Deed
           penggabungan       usaha    ke   dalam     Bank                      was legalised by the Ministry of Justice of the
           Mandiri. Akta Penggabungan Usaha tersebut                            Republic of Indonesia in its Decision Letter
           disahkan oleh Menteri Kehakiman Republik                             No. C-13.781.HT.01.04.TH.99 dated 29 July 1999
           Indonesia       dengan     Surat      Keputusan                      and approved by the Governor of Bank Indonesia in
           No. C-13.781.HT.01.04.TH.99 tanggal 29 Juli                          its Decision Letter No. 1/9/KEP.GBI/1999 dated
           1999 dan disetujui oleh Gubernur Bank Indonesia                      29 July 1999. The merger was declared effective by
           dengan Surat Keputusan No. 1/9/KEP.GBI/1999                          the Department Chief of the South Jakarta Industry
           tanggal 29 Juli 1999. Penggabungan tersebut                          and Trade Office in its Decision Letter
           dinyatakan sah oleh Kepala Kantor Departemen                         No. 09031827089 dated 31 July 1999.
           Perindustrian dan Perdagangan Jakarta Selatan
           melalui Surat Keputusan No. 09031827089
           tanggal 31 Juli 1999.




                                                                 19
Page 1034
                                                                                       The original consolidated financial statements
                                                                                     included herein are in the Indonesian language.

            PT BANK MANDIRI (PERSERO) Tbk                                      PT BANK MANDIRI (PERSERO) Tbk
                DAN ENTITAS ANAKNYA                                                  AND ITS SUBSIDIARIES
          CATATAN ATAS LAPORAN KEUANGAN                                         NOTES TO THE CONSOLIDATED
                     KONSOLIDASIAN                                                  FINANCIAL STATEMENTS
           Tanggal 31 Desember 2025 dan untuk                                    As of 31 December 2025 and for
          Tahun Berakhir pada Tanggal Tersebut                                      for the Year Then Ended
             (Disajikan dalam jutaan Rupiah,                                    (Expressed in millions of Rupiah,
                 kecuali dinyatakan lain)                                           unless otherwise stated)

1.   INFORMASI UMUM (lanjutan)                                    1.   GENERAL INFORMATION (continued)

     b.    Penggabungan usaha (lanjutan)                               b.   Merger (continued)

           Pada tanggal efektif penggabungan usaha:                         Effective from the date of the merger:
           i.   Semua aset dan liabilitas Bank Peserta                      i. All assets and liabilities of the Merged Banks
                Penggabungan dialihkan ke Bank Mandiri                           were transferred to Bank Mandiri as the
                sebagai Bank Hasil Penggabungan;                                 Surviving Bank;
           ii. Semua operasi dan aktivitas bisnis Bank                      ii. All operations and business activities of the
                Peserta Penggabungan dialihkan dan                               Merged Banks were transferred and operated by
                dioperasikan oleh Bank Mandiri;                                  Bank Mandiri;
           iii. Bank Mandiri mendapat tambahan modal                        iii. Bank Mandiri received additional paid-in capital
                disetor sebesar Rp1.000.000 (nilai penuh)                        amounted to Rp1,000,000 (full amount) or
                atau setara dengan 1 (satu) lembar saham                         equivalent to 1 (one) share representing the
                yang merupakan sisa saham yang dimiliki                          remaining shares owned by the Government in
                oleh Pemerintah pada masing-masing Bank                          the Merged Banks (Notes 40a and 40b).
                Peserta Penggabungan (Catatan 40a
                dan 40b).

           Pada tanggal efektif dimaksud, Bank Peserta                      On the effective date, the Merged Banks were
           Penggabungan secara hukum dibubarkan tanpa                       legally dissolved without liquidation process and
           proses likuidasi dan Bank Mandiri sebagai Bank                   Bank Mandiri, as the Surviving Bank, received all
           Hasil Penggabungan menerima seluruh hak dan                      the rights and obligations from the Merged Banks.
           liabilitas dari Bank Peserta Penggabungan.

     c.    Rekapitalisasi                                              c.   Recapitalisation

           Dalam rangka mengatasi kondisi ekonomi yang                      In response to the effects of the adverse economic
           memburuk di Indonesia pada sektor perbankan,                     conditions on the banking sector in Indonesia, on
           pada tanggal 31 Desember 1998, Pemerintah                        31 December 1998, the Government issued
           telah mengeluarkan Peraturan Pemerintah No. 84                   Government Regulation No. 84 Year 1998
           Tahun 1998 tentang Program Rekapitalisasi Bank                   regarding Recapitalisation Program for Commercial
           Umum yang bertujuan untuk meningkatkan                           Banks, which was designed to increase the paid-in
           permodalan bank umum agar dapat memenuhi                         capital of commercial banks to enable them to meet
           Rasio Kecukupan Modal (Capital Adequacy Ratio                    the minimum requirement of Capital Adequacy
           yang selanjutnya disebut “CAR”) minimum sesuai                   Ratio (“CAR”) in accordance with prevailing
           dengan ketentuan yang ditetapkan. Keikutsertaan                  regulation. The eligibility of commercial banks for
           bank umum dalam Program Rekapitalisasi                           inclusion in the Recapitalisation Program is based
           didasarkan pada persyaratan dan prosedur yang                    on requirements and procedures set forth in the
           ditetapkan dalam Surat Keputusan Bersama                         Joint Decrees No. 53/KMK.017/1999 and
           Menteri Keuangan dan Gubernur Bank Indonesia                     No. 31/12/KEP/GBI dated 8 February 1999 of the
           No. 53/KMK.017/1999 dan No. 31/12/KEP/GBI                        Ministry of Finance and the Governor of Bank
           tanggal 8 Februari 1999. Berdasarkan Surat                       Indonesia. Based on the Joint Decrees, the
           Keputusan Bersama tersebut, Pemerintah antara                    Government, among others, shall implement the
           lain harus melakukan Program Rekapitalisasi                      Recapitalisation Program for Commercial Banks
           Bank Umum terhadap seluruh Bank Milik Negara,                    with respect to all State-Owned Banks, Regional
           Bank Pembangunan Daerah dan Bank Umum                            Development Banks, and Commercial Banks, with
           yang berstatus “Bank Take Over” oleh Badan                       the status of “Bank Take Over”, by the Indonesian
           Penyehatan Perbankan Nasional (“BPPN”).                          Bank Restructuring Agency (Badan Penyehatan
                                                                            Perbankan Nasional or “BPPN”).
           Pada tanggal 28 Mei 1999, Pemerintah                             On 28 May 1999, the Government issued
           mengeluarkan Peraturan Pemerintah No. 52                         Government Regulation No. 52 of 1999
           Tahun 1999 (PP No. 52/1999) tentang                              (PP No. 52/1999) regarding additional capital
           penambahan penyertaan modal Pemerintah                           investment by the Government of Republic of
           Republik Indonesia pada Bank Mandiri melalui                     Indonesia in Bank Mandiri through issuance of
           penerbitan Obligasi Rekapitalisasi Pemerintah                    Government Recapitalisation Bonds to be issued
           oleh Menteri Keuangan dengan nilai maksimum                      then by the Ministry of Finance with a value
           Rp137.800.000. Pelaksanaan PP No. 52/1999                        of up to Rp137,800,000. The implementation of
           diatur dalam Surat Keputusan Bersama Menteri                     PP No. 52/1999 was set forth in Joint Decrees of
           Keuangan dan Gubernur Bank Indonesia                             the Ministry of Finance and the Governor of
           No. 389/KMK.017/1999 dan No. 1/10/KEP/GBI                        Bank Indonesia No. 389/KMK.017/1999 and
           tanggal 29 Juli 1999.                                            No. 1/10/KEP/GBI dated 29 July 1999.

                                                             20
Page 1035
                                                                                        The original consolidated financial statements
                                                                                      included herein are in the Indonesian language.

            PT BANK MANDIRI (PERSERO) Tbk                                       PT BANK MANDIRI (PERSERO) Tbk
                DAN ENTITAS ANAKNYA                                                   AND ITS SUBSIDIARIES
          CATATAN ATAS LAPORAN KEUANGAN                                          NOTES TO THE CONSOLIDATED
                     KONSOLIDASIAN                                                   FINANCIAL STATEMENTS
           Tanggal 31 Desember 2025 dan untuk                                     As of 31 December 2025 and for
          Tahun Berakhir pada Tanggal Tersebut                                       for the Year Then Ended
             (Disajikan dalam jutaan Rupiah,                                     (Expressed in millions of Rupiah,
                 kecuali dinyatakan lain)                                            unless otherwise stated)

1.   INFORMASI UMUM (lanjutan)                                     1.   GENERAL INFORMATION (continued)

     c.    Rekapitalisasi (lanjutan)                                    c.   Recapitalisation (continued)

           Selama Obligasi Rekapitalisasi Pemerintah                         While the Government Recapitalisation Bonds had
           tersebut belum diterbitkan, pada saat itu Bank                    not yet been issued, at the point in time, Bank
           Mandiri mengakui adanya “Tagihan kepada                           Mandiri accounted the bonds as “Due from the
           Pemerintah” sebesar Rp137.800.000 sesuai                          Government” amounted to Rp137,800,000 in
           dengan penegasan Komitmen Pemerintah melalui                      accordance with the Government’s Commitment
           surat       dari        Menteri       Keuangan                    through the Ministry of Finance’s letter
           No. S-360/MK.017/1999 tanggal 29 September                        No. S-360/MK.017/1999 dated 29 September 1999
           1999    dan    persetujuan    Menteri   Negara                    and the approval of the Ministry of State-Owned
           Pendayagunaan BUMN melalui surat No. S-510/                       Enterprises in letter No. S-510/M-PBUMN/1999
           M-PBUMN/1999 tanggal 29 September 1999.                           dated 29 September 1999.

           Sesuai     dengan     Surat    Bank    Indonesia                  Based on Bank Indonesia Letter No. 1/1/GBI/DPIP
           No. 1/1/GBI/DPIP tanggal 11 Oktober 1999 perihal                  dated 11 October 1999, regarding Issuance of
           Penerbitan Obligasi/Surat Utang Pemerintah                        Government Bonds/Debentures in connection with
           dalam rangka penyertaan modal Pemerintah                          the Government of Republic of Indonesia's capital
           Republik Indonesia di Bank Mandiri, Bank                          investment in Bank Mandiri, Bank Indonesia agreed
           Indonesia menyetujui tagihan kepada Pemerintah                    to include the above receivable as Bank Mandiri’s
           tersebut di atas termasuk dalam modal inti Bank                   core capital (Tier 1) for the purposes of calculating
           Mandiri (Tier I) dalam perhitungan Rasio                          Capital Adequacy Ratio (CAR) as of 31 July 1999
           Kecukupan Modal (CAR) pada tanggal 31 Juli                        until 30 September 1999, with a condition that not
           1999 sampai dengan 30 September 1999, dengan                      later than 15 October 1999 the Government
           syarat bahwa selambat-lambatnya tanggal                           Bonds/Debentures should have been received by
           15    Oktober 1999, Obligasi/Surat Utang                          Bank Indonesia.
           Pemerintah telah diterima oleh Bank Indonesia.

           Berdasarkan Peraturan Pemerintah No. 97 Tahun                     Based on Government Regulation No. 97 year 1999
           1999 tanggal 24 Desember 1999 tentang                             dated 24 December 1999 regarding the Addition of
           Penambahan Penyertaan Modal Negara Republik                       State Capital of the Republic of Indonesia into the
           Indonesia ke dalam Modal Perusahaan Perseroan                     Capital of the Company (Persero) of PT Bank
           (Persero) PT Bank Mandiri dalam Rangka                            Mandiri in Relation to the Commercial Bank
           Program Rekapitalisasi Bank Umum, Pemerintah                      Recapitalisation    Program,    the   Government
           menambah penyertaan modal sampai sejumlah                         increased its capital investment to a maximum of
           maksimum Rp42.200.000, sehingga penyertaan                        Rp42,200,000, so that the total maximum of
           secara keseluruhan menjadi setinggi-tingginya                     investment become amounted to Rp180,000,000.
           sebesar Rp180.000.000.

           Dalam rangka pelaksanaan Peraturan Pemerintah                     In relation to the implementation of the above
           No. 52 dan No. 97 Tahun 1999 tersebut di atas,                    Government Regulations No. 52 and No. 97
           maka dalam Perjanjian Rekapitalisasi Sementara                    year 1999, in the Temporary Recapitalisation
           antara Pemerintah dengan Bank Mandiri beserta                     Agreement between the Government and Bank
           perubahannya, Pemerintah telah mengeluarkan                       Mandiri and its amendment, the Government issued
           Obligasi Rekapitalisasi Pemerintah dalam 2 (dua)                  Government Recapitalisation Bonds in 2 (two)
           tahap, yaitu sebesar Rp103.000.000 pada tanggal                   tranches which amounted to Rp103,000,000 on
           13 Oktober 1999 dan Rp75.000.000 pada tanggal                     13 October 1999 and Rp75,000,000 on
           28 Desember 1999, sehingga pada tanggal                           28 December 1999 so that as of 31 December 1999
           31 Desember 1999 jumlah keseluruhan Obligasi                      the total Government Recapitalisation Bonds issued
           Rekapitalisasi Pemerintah yang diterbitkan                        in accordance with the aforementioned agreements
           berdasarkan perjanjian tersebut menjadi sebesar                   become amounted to Rp178,000,000.
           Rp178.000.000.




                                                              21
Page 1036
                                                                                        The original consolidated financial statements
                                                                                      included herein are in the Indonesian language.

            PT BANK MANDIRI (PERSERO) Tbk                                       PT BANK MANDIRI (PERSERO) Tbk
                DAN ENTITAS ANAKNYA                                                   AND ITS SUBSIDIARIES
          CATATAN ATAS LAPORAN KEUANGAN                                          NOTES TO THE CONSOLIDATED
                     KONSOLIDASIAN                                                   FINANCIAL STATEMENTS
           Tanggal 31 Desember 2025 dan untuk                                     As of 31 December 2025 and for
          Tahun Berakhir pada Tanggal Tersebut                                       for the Year Then Ended
             (Disajikan dalam jutaan Rupiah,                                     (Expressed in millions of Rupiah,
                 kecuali dinyatakan lain)                                            unless otherwise stated)

1.   INFORMASI UMUM (lanjutan)                                     1.   GENERAL INFORMATION (continued)

     c.    Rekapitalisasi (lanjutan)                                    c.   Recapitalisation (continued)

           Berdasarkan Kontrak Manajemen pada tanggal                        Based on the Management Contract dated 8 April
           8 April 2000 antara Bank Mandiri dan Pemerintah,                  2000 between Bank Mandiri and the Government,
           ditetapkan jumlah kebutuhan rekapitalisasi Bank                   the total amount of recapitalisation required by Bank
           Mandiri adalah sebesar Rp173.931.000 atau lebih                   Mandiri was Rp173,931,000, or less than the
           kecil dari jumlah Obligasi Rekapitalisasi                         amount of the Government Recapitalisation Bonds.
           Pemerintah. Dari kelebihan tersebut, sebesar                      The excess of Rp1,412,000 was used as additional
           Rp1.412.000 digunakan sebagai tambahan modal                      paid-in capital and the remaining excess balance of
           disetor, sedangkan sisanya sebesar Rp2.657.000                    Rp2,657,000 was returned to the Government on
           dikembalikan kepada Pemerintah pada tanggal                       7 July 2000 in the form of Government
           7 Juli 2000 dalam bentuk Obligasi Rekapitalisasi                  Recapitalisation Bonds equivalent to 2,657,000
           Pemerintah sebanyak 2.657.000 unit.                               units.

           Sesuai Surat Menteri Keuangan Republik                            Based on the Letter from the Ministry
           Indonesia    No.   S-174/MK.01/2003    tanggal                    of Finance of the Republic of Indonesia
           24 April 2003 tentang pengembalian kelebihan                      No. S-174/MK.01/2003 dated 24 April 2003
           Obligasi    Rekapitalisasi  Pemerintah   yang                     regarding the return of the excess of Government
           sebelumnya digunakan sebagai tambahan modal,                      Recapitalisation Bonds, which was previously used
           Bank Mandiri telah mengembalikan Obligasi                         as additional paid-in capital, Government
           Rekapitalisasi Pemerintah sebesar Rp1.412.000                     Recapitalisation Bonds amounted to Rp1,412,000
           kepada Pemerintah pada tanggal 25 April 2003                      were returned to the Government by Bank Mandiri
           (Catatan 40b).                                                    on 25 April 2003 (Note 40b).

           Menteri    Keuangan     Republik     Indonesia                    The Ministry of Finance of Republic of Indonesia
           mengeluarkan Surat Keputusan (“KMK-RI”)                           issued        Decree         Letter       (“KMK-RI”)
           No. 227/KMK.02/2003 tanggal 23 Mei 2003 dan                       No. 227/KMK.02/2003 dated 23 May 2003 and
           KMK-RI     No.   420/KMK-02/2003        tanggal                   KMK-RI       No.       420/KMK-02/2003         dated
           30 September 2003 yang antara lain memutuskan                     30 September 2003, among others, confirmed that
           jumlah final tambahan penyertaan modal                            the final amount of the addition of the Government’s
           Pemerintah    di   Bank     Mandiri    sebesar                    capital investment participation in Bank Mandiri
           Rp173.801.315 (Catatan 40b).                                      amounted to Rp173,801,315 (Note 40b).

     d.    Penawaran umum perdana saham dan kuasi-                      d. Initial public offering of share and quasi-
           reorganisasi                                                    reorganisation

           Penawaran     umum     perdana   saham    Bank                    Initial public offering of Bank Mandiri’s share
           Mandiri

           Bank Mandiri telah menyampaikan pernyataan                        Bank Mandiri had submitted its registration for an
           pendaftaran sehubungan dengan Penawaran                           Initial Public Offering (“IPO”) to Financial Services
           Umum Perdana Saham (Initial Public Offering                       Authorities (“FSA”), previously the Capital Market
           yang selanjutnya disebut “IPO”) kepada Otoritas                   Supervisory Board and Financial Institution
           Jasa Keuangan (“OJK”), dahulu Badan Pengawas                      (“Bapepam and LK”) on 2 June 2003 and became
           Pasar Modal dan Lembaga Keuangan (“Bapepam                        effective based on the Letter from the Chairman of
           dan LK”), pada tanggal 2 Juni 2003 dan telah                      Bapepam and LK No. S-1551/PM/2003 dated
           dinyatakan efektif berdasarkan Surat Ketua                        27 June 2003.
           Bapepam dan LK No. S-1551/PM/2003 tanggal
           27 Juni 2003.

           Nama perusahaan berubah dari semula PT Bank                       The Bank’s name was changed from PT Bank
           Mandiri (Persero) menjadi PT Bank Mandiri                         Mandiri (Persero) to PT Bank Mandiri (Persero) Tbk
           (Persero) Tbk berdasarkan perubahan Anggaran                      based on an amendment to the Articles of
           Dasar yang dilaksanakan dengan Akta Notaris                       Association which has been executed with Notarial
           Sutjipto, S.H., No. 2 tanggal 1 Juni 2003.                        Deed of Sutjipto, S.H., No. 2 dated 1 June 2003.




                                                              22
Page 1037
                                                                                           The original consolidated financial statements
                                                                                         included herein are in the Indonesian language.

            PT BANK MANDIRI (PERSERO) Tbk                                         PT BANK MANDIRI (PERSERO) Tbk
                DAN ENTITAS ANAKNYA                                                     AND ITS SUBSIDIARIES
          CATATAN ATAS LAPORAN KEUANGAN                                            NOTES TO THE CONSOLIDATED
                     KONSOLIDASIAN                                                     FINANCIAL STATEMENTS
           Tanggal 31 Desember 2025 dan untuk                                       As of 31 December 2025 and for
          Tahun Berakhir pada Tanggal Tersebut                                         for the Year Then Ended
             (Disajikan dalam jutaan Rupiah,                                       (Expressed in millions of Rupiah,
                 kecuali dinyatakan lain)                                              unless otherwise stated)

1.   INFORMASI UMUM (lanjutan)                                       1.   GENERAL INFORMATION (continued)

     d.    Penawaran umum perdana saham dan kuasi-                        d.   Initial public offering of share and quasi-
           reorganisasi (lanjutan)                                             reorganisation (continued)

           Penawaran umum         perdana    saham     Bank                    Initial public offering of Bank Mandiri’s share
           Mandiri (lanjutan)                                                  (continued)

           Perubahan nama Bank ini telah disetujui oleh                        The change of the Bank’s name had approved by the
           Menteri Hukum dan Hak Asasi Manusia Republik                        Ministry of Law and Human Rights of the Republic of
           Indonesia   berdasarkan   Surat   Keputusan                         Indonesia       in      its     Decision     Letter
           No. C-12783.HT.01.04.TH.2003 tanggal 6 Juni                         No. C-12783.HT.01.04.TH.2003 dated 6 June 2003
           2003 dan telah diumumkan pada Berita Negara                         that was published in the State Gazette Republic of
           Republik Indonesia No. 63 tanggal 8 Agustus                         Indonesia No. 63 dated 8 August 2003, Supplement
           2003, Tambahan Berita Negara Republik                               State Gazette of Republic of Indonesia No. 6590.
           Indonesia No. 6590.

           Pada tanggal 14 Juli 2003, Bank Mandiri                             On 14 July 2003, Bank Mandiri had an IPO of its
           melakukan IPO atas 4.000.000.000 lembar                             4,000,000,000 Series B common shares through,
           Saham Biasa Seri B, dengan nilai nominal Rp500                      with a nominal value of Rp500 (full amount) per share
           (nilai penuh) per lembar saham yang dijual dengan                   with an initial selling price of Rp675 (full amount) per
           harga Rp675 (nilai penuh) per lembar saham.                         share. The IPO to public represents a divestment of
           Penawaran umum kepada masyarakat tersebut                           20.00% of the ownership of the Government’s share
           merupakan divestasi atas 20,00% saham Bank                          in Bank Mandiri (Note 40a).
           Mandiri milik Pemerintah (Catatan 40a).

           Pada tanggal 14 Juli 2003, sebanyak                                 On 14 July 2003, 19,800,000,000 of Bank Mandiri’s
           19.800.000.000 lembar Saham Biasa Seri B Bank                       Series B common shares were listed on the Jakarta
           Mandiri telah dicatatkan di Bursa Efek Jakarta dan                  Stock Exchange and Surabaya Stock Exchange
           Bursa Efek Surabaya berdasarkan surat                               based on Jakarta Stock Exchange’s Approval Letter
           persetujuan      dari   Bursa      Efek    Jakarta                  No. S-1187/BEJ.PSJ/07-2003 dated 8 July 2003 and
           No. S-1187/BEJ.PSJ/07-2003 tanggal 8 Juli 2003                      Surabaya Stock Exchange’s Approval Letter
           dan          Bursa          Efek         Surabaya                   No. JKT-028/LIST/BES/VII/2003 dated 10 July 2003.
           No. JKT-028/LIST/BES/VII/2003 tanggal 10 Juli
           2003.

           Kuasi-reorganisasi                                                  Quasi-reorganisation

           Untuk menghilangkan konsekuensi negatif karena                      In order for Bank Mandiri to eliminate the negative
           dibebani dengan saldo rugi, Bank Mandiri                            consequences of being burdened by accumulated
           melakukan kuasi-reorganisasi sesuai keputusan                       losses, the Bank undertook quasi-reorganisation as
           Rapat Umum Pemegang Saham Luar Biasa                                approved in the Extraordinary General Meeting of
           (“RUPS-LB”) tanggal 29 Mei 2003.                                    Shareholders (“RUPS-LB”) on 29 May 2003.

           Penyesuaian kuasi-reorganisasi telah dibukukan                      The quasi-reorganisation adjustments were booked
           pada tanggal 30 April 2003, saldo rugi sebesar                      on 30 April 2003, which the accumulated losses of
           Rp162.874.901 dieliminasi ke akun tambahan                          Rp162,874,901 were eliminated against additional
           modal disetor/agio saham.                                           paid-in capital/agio.

           Anggaran Dasar Bank Mandiri telah mengalami                         Bank Mandiri’s Articles of Association were amended
           perubahan sehubungan dengan perubahan                               due to the changes in additional paid-in capital as a
           tambahan modal disetor karena adanya                                result of quasi-reorganisation, based on Notarial
           kuasi-reorganisasi sesuai dengan Akta Notaris                       Deed of Sutjipto, S.H., No. 130 dated 29 September
           Sutjipto, S.H., No. 130 tanggal 29 September                        2003.
           2003.
           Perubahan ini telah disahkan oleh Menteri Hukum                     This change was approved by the Ministry of Law
           dan Hak Asasi Manusia Republik Indonesia                            and Human Rights of the Republic of Indonesia in its
           berdasarkan            Surat         Keputusan                      Decision Letter No. C-25309.HT.01.04.TH.2003
           No.     C-25309.HT.01.04.TH.2003          tanggal                   dated 23 October 2003 and was published in the
           23 Oktober 2003 dan diumumkan pada Berita                           State Gazette Republic of Indonesia No. 910 dated
           Negara Republik Indonesia No. 910 tanggal                           23 October 2003 Supplement No. 93.
           23 Oktober 2003, Tambahan No. 93.


                                                                23
Page 1038
                                                                                         The original consolidated financial statements
                                                                                       included herein are in the Indonesian language.

            PT BANK MANDIRI (PERSERO) Tbk                                       PT BANK MANDIRI (PERSERO) Tbk
                DAN ENTITAS ANAKNYA                                                   AND ITS SUBSIDIARIES
          CATATAN ATAS LAPORAN KEUANGAN                                          NOTES TO THE CONSOLIDATED
                     KONSOLIDASIAN                                                   FINANCIAL STATEMENTS
           Tanggal 31 Desember 2025 dan untuk                                     As of 31 December 2025 and for
          Tahun Berakhir pada Tanggal Tersebut                                       for the Year Then Ended
             (Disajikan dalam jutaan Rupiah,                                     (Expressed in millions of Rupiah,
                 kecuali dinyatakan lain)                                            unless otherwise stated)

1.   INFORMASI UMUM (lanjutan)                                     1.   GENERAL INFORMATION (continued)

     d.    Penawaran umum perdana saham dan kuasi-                      d.   Initial public offering of share and quasi-
           reorganisasi (lanjutan)                                           reorganisation (continued)

           Kuasi-reorganisasi (lanjutan)                                     Quasi-reorganisation (continued)

           Pada tanggal 30 Oktober 2003, RUPS-LB Bank                        On 30 October 2003, Bank Mandiri’s RUPS-LB
           Mandiri menyetujui kuasi-reorganisasi pada                        approved      the   quasi-reorganisation     as     of
           tanggal 30 April 2003 tersebut sebagaimana                        30 April 2003, which were notarised by Sutjipto, S.H.,
           terdapat dalam Akta Notaris Sutjipto, S.H.,                       in Notarial Deed No. 165 dated 30 October 2003.
           No. 165 tanggal 30 Oktober 2003.

     e.    Divestasi kepemilikan saham oleh Pemerintah                  e.   Divestment of Government share ownership

           Pada tanggal 11 Maret 2004, Pemerintah telah                      On 11 March 2004, the Government divested
           melakukan divestasi lanjutan atas 10,00%                          another 10.00% of its ownership in Bank Mandiri
           kepemilikan di Bank Mandiri atau sebanyak                         which was equivalent to 2,000,000,000 Series B
           2.000.000.000 lembar Saham Biasa Seri B melalui                   common shares through private placement
           private placement (Catatan 40a).                                  (Note 40a).

     f.    Penawaran umum obligasi dan medium term                      f.   Public offering of subordinated bonds and
           notes subordinasi, penawaran umum obligasi                        medium term notes, public offering of bonds
           dan medium term notes, penawaran umum                             and medium term notes, limited public offering
           terbatas saham, perubahan modal saham Bank                        of shares, changes in share capital of Bank
           Mandiri dan pembelian kembali saham Bank                          Mandiri and repurchase of Bank Mandiri shares
           Mandiri

           Penawaran umum obligasi dan medium term                           Public offering of Bank Mandiri subordinated
           notes subordinasi Bank Mandiri                                    bonds and medium term notes

           Pada tanggal 23 Juni 2023, Bank Mandiri                           On 23 June 2023, Bank Mandiri issued Subordinated
           menerbitkan Medium Term Notes Subordinasi II                      Medium Term Notes II Bank Mandiri Year 2023 with
           Bank Mandiri Tahun 2023 dengan nilai nominal                      nominal value of Rp100,000.
           sebesar Rp100.000.

           Penawaran umum obligasi dan medium term                           Public offering of Bank Mandiri bonds and
           notes Bank Mandiri                                                medium term notes

           Pada tanggal 19 Desember 2025, Bank Mandiri                       On 19 December 2025, Bank Mandiri issued
           menerbitkan Obligasi Keberlanjutan Berkelanjutan                  Continuous Sustainability Bond I Bank Mandiri Phase
           I Bank Mandiri Tahap I Tahun 2025 (“Obligasi                      I Year 2025 (“Continuous Sustainability Bond I Phase
           Keberlanjutan Berkelanjutan I Tahap I”) dengan                    I”) with nominal value of Rp5,000,000. Public offering
           nilai nominal sebesar Rp5.000.000. Penawaran                      of Continuous Sustainability Bond I Bank Mandiri
           Umum Berkelanjutan Obligasi Keberlanjutan                         Phase I Year 2025 was effective based on Letter of
           Berkelanjutan I Bank Mandiri Tahap I Tahun 2025                   FSA Capital Market No. S-134/D.04/2025 dated
           efektif sesuai Surat OJK Pasar Modal                              12 December 2025.
           No. S-134/D.04/2025 tanggal 12 Desember 2025.

           Pada tanggal 25 Maret 2025, Bank Mandiri                          On 25 March 2025, Bank Mandiri issued Continuous
           menerbitkan Obligasi Berwawasan Lingkungan                        Green Bond I Bank Mandiri Phase II Year 2025
           Berkelanjutan I Bank Mandiri Tahap II Tahun 2025                  (“Continuous Green Bond I Phase II”) with nominal
           (“Obligasi Berwawasan Lingkungan Berkelanjutan                    value of Rp5,000,000.
           I Tahap II”) dengan nilai nominal sebesar
           Rp5.000.000.

           Pada tanggal 24 Maret 2025, Bank Mandiri                          On 24 March 2025, Bank Mandiri issued the fifth
           menerbitkan Euro Medium Term Notes (EMTN)                         Euro Medium Term Notes (EMTN), with a nominal
           kelima,   dengan   nilai nominal   sebesar                        value of USD800,000,000 (full amount) in the
           USD800.000.000 (nilai penuh) di Singapore                         Singapore Exchange (SGX).
           Exchange (SGX).


                                                              24
Page 1039
                                                                                        The original consolidated financial statements
                                                                                      included herein are in the Indonesian language.

            PT BANK MANDIRI (PERSERO) Tbk                                      PT BANK MANDIRI (PERSERO) Tbk
                DAN ENTITAS ANAKNYA                                                  AND ITS SUBSIDIARIES
          CATATAN ATAS LAPORAN KEUANGAN                                         NOTES TO THE CONSOLIDATED
                     KONSOLIDASIAN                                                  FINANCIAL STATEMENTS
           Tanggal 31 Desember 2025 dan untuk                                    As of 31 December 2025 and for
          Tahun Berakhir pada Tanggal Tersebut                                      for the Year Then Ended
             (Disajikan dalam jutaan Rupiah,                                    (Expressed in millions of Rupiah,
                 kecuali dinyatakan lain)                                           unless otherwise stated)

1.   INFORMASI UMUM (lanjutan)                                    1.   GENERAL INFORMATION (continued)

     f.    Penawaran umum obligasi dan medium term                     f.   Public offering of subordinated bonds and
           notes subordinasi, penawaran umum obligasi                       medium term notes, public offering of bonds
           dan medium term notes, penawaran umum                            and medium term notes, limited public offering
           terbatas saham, perubahan modal saham Bank                       of shares, changes in share capital of Bank
           Mandiri dan pembelian kembali saham Bank                         Mandiri and repurchase of Bank Mandiri shares
           Mandiri (lanjutan)                                               (continued)

           Penawaran umum obligasi dan medium term                          Public offering of Bank Mandiri bonds and
           notes Bank Mandiri (lanjutan)                                    medium term notes (continued)

           Pada tanggal 4 Juli 2023, Bank Mandiri                           On 4 July 2023, Bank Mandiri issued Continuous
           menerbitkan Obligasi Berwawasan Lingkungan                       Green Bond I Bank Mandiri Phase I Year 2023
           Berkelanjutan I Bank Mandiri Tahap I Tahun 2023                  (“Continuous Green Bond I Phase I”) with nominal
           (“Obligasi Berwawasan Lingkungan Berkelanjutan                   value of Rp5,000,000. Public offering of Continuous
           I Tahap I”) dengan nilai nominal sebesar                         Green Bond I Bank Mandiri Phase I Year 2023 was
           Rp5.000.000. Penawaran Umum Berkelanjutan                        effective based on Letter of FSA Capital Market No.
           Obligasi Berwawasan Lingkungan Berkelanjutan I                   S-137/D.04/2023 dated 21 June 2023.
           Bank Mandiri Tahap I Tahun 2023 efektif sesuai
           Surat OJK Pasar Modal No. S-137/D.04/2023
           tanggal 21 Juni 2023.

           Pada tanggal 4 April 2023, Bank Mandiri                          On 4 April 2023, Bank Mandiri issued the fourth Euro
           menerbitkan Euro Medium Term Notes (EMTN)                        Medium       Term      Notes      (EMTN),       with
           keempat, dengan nilai nominal sebesar                            a nominal value of USD300,000,000 (full amount) in
           USD300.000.000 (nilai penuh) di Singapore                        the Singapore Exchange (SGX).
           Exchange (SGX).

           Pada tanggal 19 April 2021, Bank Mandiri                         On 19 April 2021, Bank Mandiri issued the third
           menerbitkan EMTN ketiga, yaitu Sustainability                    EMTN, namely the Sustainability Bond Bank
           Bond Bank Mandiri 2021, dengan nilai nominal                     Mandiri 2021, with a nominal value of
           sebesar USD300.000.000 (nilai penuh) di SGX.                     USD300,000,000 (full amount) in the SGX.

           Pada tanggal 13 Mei 2020, Bank Mandiri                           On 13 May 2020, Bank Mandiri issued the second
           menerbitkan EMTN kedua, dengan nilai nominal                     EMTN with nominal value of USD500,000,000
           sebesar USD500.000.000 (nilai penuh) dan pada                    (full amount) and on 11 April 2019, the Bank issued
           tanggal 11 April 2019, menerbitkan EMTN                          the first EMTN with nominal value of
           pertama,     dengan       nominal     sebesar                    USD750,000,000 (full amount) in the SGX.
           USD750.000.000 (nilai penuh) di SGX.

           Pada tanggal 12 Mei 2020, Bank Mandiri                           On 12 May 2020, Bank Mandiri issued Continuous
           menerbitkan Obligasi Berkelanjutan II Bank                       Bonds II Bank Mandiri Phase I Year 2020
           Mandiri Tahap I Tahun 2020 (“Obligasi                            (“Continuous Bonds II Phase I”) with nominal value of
           Berkelanjutan II Tahap I”) dengan nilai nominal                  Rp1,000,000. Public offering of Continuous Bonds II
           sebesar     Rp1.000.000.   Penawaran     Umum                    Bank Mandiri Phase I Year 2020 was effective based
           Berkelanjutan Obligasi Berkelanjutan II Bank                     on Letter of FSA Capital Market No. S-133/D.04/2020
           Mandiri Tahap I Tahun 2020 efektif sesuai Surat                  dated 30 April 2020.
           OJK Pasar Modal No. S-133/D.04/2020 tanggal
           30 April 2020.

           Pada tanggal 15 Juni 2017, Bank Mandiri                          On 15 June 2017, Bank Mandiri issued Continuous
           menerbitkan Obligasi Berkelanjutan I Bank                        Bonds I Bank Mandiri Phase II Year 2017
           Mandiri Tahap II Tahun 2017 (“Obligasi                           ("Continuous    Bonds    I   Phase    II")  with
           Berkelanjutan I Tahap II”) dengan nilai nominal                  a nominal value of Rp6,000,000.
           sebesar Rp6.000.000.




                                                             25
Page 1040
                                                                                           The original consolidated financial statements
                                                                                         included herein are in the Indonesian language.

            PT BANK MANDIRI (PERSERO) Tbk                                         PT BANK MANDIRI (PERSERO) Tbk
                DAN ENTITAS ANAKNYA                                                     AND ITS SUBSIDIARIES
          CATATAN ATAS LAPORAN KEUANGAN                                            NOTES TO THE CONSOLIDATED
                     KONSOLIDASIAN                                                     FINANCIAL STATEMENTS
           Tanggal 31 Desember 2025 dan untuk                                       As of 31 December 2025 and for
          Tahun Berakhir pada Tanggal Tersebut                                         for the Year Then Ended
             (Disajikan dalam jutaan Rupiah,                                       (Expressed in millions of Rupiah,
                 kecuali dinyatakan lain)                                              unless otherwise stated)

1.   INFORMASI UMUM (lanjutan)                                       1.   GENERAL INFORMATION (continued)

     f.    Penawaran umum obligasi dan medium term                        f.   Public offering of subordinated bonds and
           notes subordinasi, penawaran umum obligasi                          medium term notes, public offering of bonds
           dan medium term notes, penawaran umum                               and medium term notes, limited public offering
           terbatas saham, perubahan modal saham Bank                          of shares, changes in share capital of Bank
           Mandiri dan pembelian kembali saham Bank                            Mandiri and repurchase of Bank Mandiri shares
           Mandiri (lanjutan)                                                  (continued)

           Penawaran umum obligasi dan medium term                             Public offering of Bank Mandiri bonds and
           notes Bank Mandiri (lanjutan)                                       medium term notes (continued)

           Pada tanggal 30 September 2016, Bank Mandiri                        On 30 September 2016, Bank Mandiri issued
           menerbitkan Obligasi Berkelanjutan I Bank                           Continuous Bonds I Bank Mandiri Phase I Year 2016
           Mandiri Tahap I Tahun 2016 (“Obligasi                               (“Continuous Bonds I Phase I”) with nominal amount
           Berkelanjutan I Tahap I”) dengan nilai nominal                      of Rp5,000,000. Public offering of Continuous Bonds
           sebesar    Rp5.000.000.      Penawaran      Umum                    I Phase I, Continuous Bonds I Phase II, and
           Berkelanjutan Obligasi Berkelanjutan I Tahap I,                     Continuous Bonds I Phase III was effective based on
           Obligasi Berkelanjutan I Tahap II dan Obligasi                      Letter of FSA Capital Market No. S-530/D.04/2016
           Berkelanjutan I Tahap III efektif sesuai Surat OJK                  dated on 22 September 2016.
           Pasar Modal No. S-530/D.04/2016 tanggal
           22 September 2016.

           Penawaran     umum     terbatas   saham     Bank                    Limited public offering of Bank Mandiri shares
           Mandiri

           Untuk penguatan struktur permodalan, Bank                           To strengthen the capital structure, the Bank
           Mandiri meningkatkan modal ditempatkan dan                          increased its issued and paid-up capital through the
           disetor melalui Penawaran Umum Terbatas                             Limited Public Offering ("LPO") with Pre-emptive
           (“PUT”) dengan Hak Memesan Efek Terlebih                            Rights ("HMETD"). Bank Mandiri had submitted the
           Dahulu (“HMETD”). Terkait dengan PUT tersebut,                      first and second registration statement regarding of
           Bank Mandiri telah menyampaikan pernyataan                          this LPO to the Financial Services Authority (“FSA”),
           pendaftaran pertama dan kedua kepada Otoritas                       previously the Capital Market Supervisory Board and
           Jasa Keuangan (“OJK”), dahulu Badan Pengawas                        Financial Institution ("Bapepam and LK") on
           Pasar Modal dan Lembaga Keuangan (“Bapepam                          26 December 2010 and 18 January 2011. Capital
           dan LK”), pada tanggal 26 Desember 2010 dan                         Market Supervisory Board and Financial Institution
           tanggal 18 Januari 2011. Bapepam dan LK                             on 27 January 2011 based on the Bapepam and LK
           berdasarkan Surat Pelaksana Ketua Bapepam                           Acting Chief Letter No. S-807/BL/2011 stated that the
           dan       LK     No. S-807/BL/2011      tanggal                     LPO with HMETD of Bank Mandiri had been
           27 Januari 2011 menyatakan bahwa pendaftaran                        effective. The Bank also obtained an approval from
           PUT dengan HMETD Bank Mandiri tersebut telah                        the shareholders based on the decision of
           efektif. Bank Mandiri juga telah memperoleh                         Extraordinary General Meeting of Shareholder dated
           persetujuan pemegang saham sesuai hasil                             on 28 January 2011 as stated in Notary Deed by
           keputusan RUPS-LB tanggal 28 Januari 2011                           Dr. A. Partomuan Pohan, S.H., LLM No. 15 dated
           sebagaimana terdapat dalam Akta Notaris                             25 February 2011 and had been reported to the
           Dr. A. Partomuan Pohan, S.H., LLM No. 15                            Ministry of Law and Human Rights Republic of
           tanggal 25 Februari 2011 yang telah dilaporkan                      Indonesia with the receipt No. AHU-AH.01.10-07446
           kepada Menteri Hukum dan Hak Asasi Manusia                          dated 10 March 2011. The Bank also registered it to
           Republik Indonesia dengan bukti penerimaan                          Company Listing No. AHU-0019617.AH.01.09 Year
           laporan No. AHU-AH.01.10-07446 tanggal                              2011 dated 10 March 2011.
           10 Maret 2011 dan telah didaftarkan pada Daftar
           Perseroan No. AHU-0019617.AH.01.09 Tahun
           2011 tanggal 10 Maret 2011.

           Total HMETD yang diterbitkan Bank Mandiri                           Total number of HMETD issued by Bank Mandiri was
           adalah sebanyak 2.336.838.591 lembar saham                          2,336,838,591 shares at a price of Rp5,000 (full
           dengan harga sebesar Rp5.000 (nilai penuh) per                      amount) per share which had been determined on
           lembar yang telah ditetapkan pada tanggal                           25 January 2011 and the execution period of Pre-
           25 Januari 2011 dan pelaksanaan periode                             emptive Rights trading started from 14 February 2011
           perdagangan       HMETD    dimulai     tanggal                      until 21 February 2011.
           14 Februari 2011 sampai dengan tanggal
           21 Februari 2011.

                                                                26
Page 1041
                                                                                       The original consolidated financial statements
                                                                                     included herein are in the Indonesian language.

            PT BANK MANDIRI (PERSERO) Tbk                                      PT BANK MANDIRI (PERSERO) Tbk
                DAN ENTITAS ANAKNYA                                                  AND ITS SUBSIDIARIES
          CATATAN ATAS LAPORAN KEUANGAN                                         NOTES TO THE CONSOLIDATED
                     KONSOLIDASIAN                                                  FINANCIAL STATEMENTS
           Tanggal 31 Desember 2025 dan untuk                                    As of 31 December 2025 and for
          Tahun Berakhir pada Tanggal Tersebut                                      for the Year Then Ended
             (Disajikan dalam jutaan Rupiah,                                    (Expressed in millions of Rupiah,
                 kecuali dinyatakan lain)                                           unless otherwise stated)

1.   INFORMASI UMUM (lanjutan)                                    1.   GENERAL INFORMATION (continued)

     f.    Penawaran umum obligasi dan medium term                     f.   Public offering of subordinated bonds and
           notes subordinasi, penawaran umum obligasi                       medium term notes, public offering of bonds
           dan medium term notes, penawaran umum                            and medium term notes, limited public offering
           terbatas saham, perubahan modal saham Bank                       of shares, changes in share capital of Bank
           Mandiri dan pembelian kembali saham Bank                         Mandiri and repurchase of Bank Mandiri shares
           Mandiri (lanjutan)                                               (continued)

           Penawaran umum        terbatas     saham   Bank                  Limited public offering of Bank Mandiri shares
           Mandiri (lanjutan)                                               (continued)

           Pemerintah    Republik    Indonesia    sebagai                   The Government of the Republic of Indonesia as the
           pemegang saham mayoritas Bank Mandiri, tidak                     controlling shareholder of Bank Mandiri, did not
           melaksanakan haknya untuk memperoleh                             execute its right to acquire the HMETD, and
           HMETD,     namun     mengalihkannya    kepada                    transferred it to other public shareholders.
           pemegang saham publik lainnya, sehingga                          As a result of this, Government’s ownership in Bank
           komposisi persentase kepemilikan saham                           Mandiri was reduced or diluted from 66.68%, prior to
           Pemerintah pada Bank Mandiri menjadi berkurang                   the execution of HMETD, to 60.00% after the
           atau mengalami dilusi dari sebesar 66,68%                        execution of the HMETD.
           sebelum periode pelaksanaan HMETD menjadi
           sebesar 60,00% setelah pelaksanaan HMETD.

           Perubahan modal saham Bank Mandiri                               Changes in share capital of Bank Mandiri

           Rincian perubahan modal saham ditempatkan dan                    The details of changes in issued and fully paid-in-
           disetor (Catatan 40a) adalah sebagai berikut:                    capital (Note 40a) are as follows:

                                                        Total saham/
                                                         Number of
                                                           shares

          Setoran awal dalam pendirian oleh                                                           Initial capital injection by
            Pemerintah di tahun 1998                              4.000.000                         the Government in 1998
          Penambahan modal disetor oleh                                                           Increase in paid-in capital by
            Pemerintah di tahun 1999                               251.000                          the Government in 1999
                                                                  4.251.000
          Penambahan modal disetor oleh                                                           Increase in paid-in capital by
            Pemerintah di tahun 2003                              5.749.000                         the Government in 2003
                                                              10.000.000
          Penurunan nilai nominal saham                                                         Decrease in par value per share
            dari Rp1.000.000 (nilai penuh)                                                    from Rp1,000,000 (full amount)
            menjadi Rp500 (nilai penuh) per saham                                           to Rp500 (full amount) per share
            melalui stock split di tahun 2003           20.000.000.000                             through stock split in 2003

          Saham yang berasal dari konversi MSOP I
            pada tahun 2004                                  132.854.872           Shares from conversion of MSOP I in 2004
          Saham yang berasal dari konversi MSOP I
            pada tahun 2005                                  122.862.492           Shares from conversion of MSOP I in 2005
          Saham yang berasal dari konversi MSOP I
            pada tahun 2006                                   71.300.339           Shares from conversion of MSOP I in 2006
          Saham yang berasal dari konversi MSOP II
            pada tahun 2006                                  304.199.764           Shares from conversion of MSOP II in 2006
          Saham yang berasal dari konversi MSOP I
            pada tahun 2007                                   40.240.621           Shares from conversion of MSOP I in 2007
          Saham yang berasal dari konversi MSOP II
            pada tahun 2007                                        343.135         Shares from conversion of MSOP II in 2007
          Saham yang berasal dari konversi MSOP III
            pada tahun 2007                                   77.750.519          Shares from conversion of MSOP III in 2007

                                                             27
Page 1042
                                                                                          The original consolidated financial statements
                                                                                        included herein are in the Indonesian language.

            PT BANK MANDIRI (PERSERO) Tbk                                        PT BANK MANDIRI (PERSERO) Tbk
                DAN ENTITAS ANAKNYA                                                    AND ITS SUBSIDIARIES
          CATATAN ATAS LAPORAN KEUANGAN                                           NOTES TO THE CONSOLIDATED
                     KONSOLIDASIAN                                                    FINANCIAL STATEMENTS
           Tanggal 31 Desember 2025 dan untuk                                      As of 31 December 2025 and for
          Tahun Berakhir pada Tanggal Tersebut                                        for the Year Then Ended
             (Disajikan dalam jutaan Rupiah,                                      (Expressed in millions of Rupiah,
                 kecuali dinyatakan lain)                                             unless otherwise stated)

1.   INFORMASI UMUM (lanjutan)                                     1.    GENERAL INFORMATION (continued)

     f.    Penawaran umum obligasi dan medium term                       f.   Public offering of subordinated bonds and
           notes subordinasi, penawaran umum obligasi                         medium term notes, public offering of bonds
           dan medium term notes, penawaran umum                              and medium term notes, limited public offering
           terbatas saham, perubahan modal saham Bank                         of shares, changes in share capital of Bank
           Mandiri dan pembelian kembali saham Bank                           Mandiri and repurchase of Bank Mandiri shares
           Mandiri (lanjutan)                                                 (continued)

           Perubahan    modal    saham     Bank    Mandiri                    Changes in share capital of Bank Mandiri
           (lanjutan)                                                         (continued)

                                                         Total saham/
                                                          Number of
                                                            shares
          Saham yang berasal dari konversi MSOP I
            pada tahun 2008                                        8.107.633          Shares from conversion of MSOP I in 2008
          Saham yang berasal dari konversi MSOP II
            pada tahun 2008                                         399.153          Shares from conversion of MSOP II in 2008
          Saham yang berasal dari konversi MSOP III
            pada tahun 2008                                   147.589.260           Shares from conversion of MSOP III in 2008
          Saham yang berasal dari konversi MSOP II
            pada tahun 2009                                             86.800       Shares from conversion of MSOP II in 2009
          Saham yang berasal dari konversi MSOP III
            pada tahun 2009                                    64.382.217           Shares from conversion of MSOP III in 2009
          Saham yang berasal dari konversi MSOP II
            pada tahun 2010                                        6.684.845         Shares from conversion of MSOP II in 2010
          Saham yang berasal dari konversi MSOP III
            pada tahun 2010                                    19.693.092           Shares from conversion of MSOP III in 2010
          Penambahan modal melalui PUT                                                Increase of capital through Limited Public
            dengan HMETD                                                               Offering (LPO) with Pre-emptive Rights
            pada tahun 2011                               2.336.838.591                                                   in 2011
          Penurunan nilai nominal saham dari                                                      Decrease of par value of share
            Rp500 (nilai penuh) menjadi                                                            from Rp500 (full amount) to
            Rp250 (nilai penuh) per saham                                                       Rp250 (full amount) per share
            melalui stock split di tahun 2017            23.333.333.333                              through stock split in 2017
          Penurunan nilai nominal saham dari                                                      Decrease of par value of share
            Rp250 (nilai penuh) menjadi                                                            from Rp250 (full amount) to
            Rp125 (nilai penuh) per saham                                                       Rp125 (full amount) per share
            melalui stock split di tahun 2023            46.666.666.666                              through stock split in 2023
          Total                                          93.333.333.332                                                         Total


           Pemecahan nilai nominal saham Bank Mandiri:                        Stock split of Bank Mandiri:

           Berdasarkan keputusan RUPS-LB tanggal                              Based on the decision of the Extraordinary General
           21 Agustus 2017 yang dituangkan dalam Akta                         Meeting of Shareholders (“RUPS-LB”) dated
           No. 36, tanggal 24 Agustus 2017, yang dibuat di                    21 August 2017 as stated in the Notarial Deed of
           hadapan Ashoya Ratam S.H., M.Kn., pemegang                         Ashoya Ratam, S.H., M.Kn., No. 36 dated
           saham Bank Mandiri antara lain menyetujui                          24 August 2017, the shareholders of Bank Mandiri,
           pemecahan nilai nominal saham (stock split) Bank                   approved the stock split of the Bank from Rp500
           dari Rp500 (nilai penuh) per saham menjadi                         (full amount) per share to Rp250 (full amount) per
           Rp250 (nilai penuh) per saham sehingga modal                       share which resulted increase in issued capital into
           ditempatkan menjadi sejumlah 46.666.666.666                        46,666,666,666 shares consisting of 1 (one)
           lembar saham yang terdiri atas 1 (satu) lembar                     Dwiwarna Series A share and 46,666,666,665
           saham Seri A Dwiwarna dan 46.666.666.665                           Series B shares.
           lembar saham Seri B.




                                                              28
Page 1043
                                                                                         The original consolidated financial statements
                                                                                       included herein are in the Indonesian language.

            PT BANK MANDIRI (PERSERO) Tbk                                       PT BANK MANDIRI (PERSERO) Tbk
                DAN ENTITAS ANAKNYA                                                   AND ITS SUBSIDIARIES
          CATATAN ATAS LAPORAN KEUANGAN                                          NOTES TO THE CONSOLIDATED
                     KONSOLIDASIAN                                                   FINANCIAL STATEMENTS
           Tanggal 31 Desember 2025 dan untuk                                     As of 31 December 2025 and for
          Tahun Berakhir pada Tanggal Tersebut                                       for the Year Then Ended
             (Disajikan dalam jutaan Rupiah,                                     (Expressed in millions of Rupiah,
                 kecuali dinyatakan lain)                                            unless otherwise stated)

1.   INFORMASI UMUM (lanjutan)                                     1.   GENERAL INFORMATION (continued)

     f.    Penawaran umum obligasi dan medium term                      f.   Public offering of subordinated bonds and
           notes subordinasi, penawaran umum obligasi                        medium term notes, public offering of bonds
           dan medium term notes, penawaran umum                             and medium term notes, limited public offering
           terbatas saham, perubahan modal saham                             of shares, changes in share capital of Bank
           Bank Mandiri dan pembelian kembali saham                          Mandiri and repurchase of Bank Mandiri shares
           Bank Mandiri (lanjutan)                                           (continued)

           Perubahan    modal    saham     Bank    Mandiri                   Changes in share capital of Bank Mandiri
           (lanjutan)                                                        (continued)

           Berdasarkan keputusan RUPS Tahunan tanggal                        Based on the decision of the Annual General
           14 Maret 2023 yang dituangkan dalam Akta                          Meeting of Shareholders (“RUPS”) dated 14 March
           No. 12 tanggal 16 Maret 2023, yang dibuat di                      2023, as stated in the Notarial Deed of Utiek R.
           hadapan Utiek R. Abdurachman S.H., MLI., M.Kn.,                   Abdurachman S.H., MLI., M.Kn., No. 12 dated
           pemegang saham Bank Mandiri antara lain                           16 March 2023, the shareholders of Bank Mandiri,
           menyetujui pemecahan nilai nominal saham                          among others, approved a stock split of the Bank
           (stock split) Bank dari Rp250 (nilai penuh) per                   from Rp250 (full amount) per share to Rp125 (full
           saham menjadi Rp125 (nilai penuh) per saham                       amount) per share. This results in an increase in the
           sehingga modal ditempatkan menjadi sejumlah                       issued capital to a total of 93,333,333,332 shares,
           93.333.333.332 lembar saham yang terdiri atas                     consisting of 1 (one) Dwiwarna Series A shares and
           1 (satu) lembar saham Seri A Dwiwarna dan                         93,333,333,331 Series B common shares.
           93.333.333.331 lembar saham Seri B.

           Untuk saham Seri A Dwiwarna milik Negara                          For the Dwiwarna Series A shares owned by the
           Republik Indonesia akan tetap dipertahankan                       Republic of Indonesia, 1 (one) share will be
           1 (satu) saham dan sisanya akan diperhitungkan                    retained, and the remaining will be allocated to
           untuk menambah saham Seri B milik Negara                          increase the Series B common shares owned by the
           Republik Indonesia. Pelaksanaan stock split                       Republic of Indonesia. The stock split was effective
           berlaku efektif pada tanggal 6 April 2023.                        on 6 April 2023.

           Pembelian kembali saham Bank Mandiri                              Repurchase of Bank Mandiri shares

           Tahun 2020                                                        Year 2020

           Bank Mandiri melalui surat No. CEO/30/2020                        Bank Mandiri through letter No. CEO/30/2020 dated
           tanggal 18 Maret 2020 mengajukan permohonan                       18 March 2020 submit a request for approval of
           persetujuan pelaksanaan pembelian kembali                         repurchase of the Bank’s treasury stock to FSA
           saham Bank Mandiri kepada OJK secara bertahap                     gradually with maximum amount Rp2,000,000, and
           sebanyak-banyaknya sebesar Rp2.000.000, dan                       has been approved by FSA through letter
           telah disetujui oleh OJK melalui surat                            No. S-50/PB.31/2020 dated 19 March 2020.
           No. S-50/PB.31/2020 tanggal 19 Maret 2020.

           Bank Mandiri melalui surat No. CEO/30/2020                        Bank Mandiri through letter No. CEO/30/2020 dated
           tanggal 18 Maret 2020 mengajukan permohonan                       18 March 2020 submit a request for approval of
           persetujuan pelaksanaan pembelian kembali                         repurchase of the Bank’s treasury stock to FSA
           saham Bank Mandiri kepada OJK secara bertahap                     gradually with maximum amount Rp2,000,000, and
           sebanyak-banyaknya sebesar Rp2.000.000, dan                       has been approved by FSA through letter
           telah disetujui oleh OJK melalui surat                            No. S-50/PB.31/2020 dated 19 March 2020.
           No. S-50/PB.31/2020 tanggal 19 Maret 2020.                        Furthermore, Bank Mandiri has declared this
           Selanjutnya, Bank Mandiri telah menyampaikan                      information to Indonesia Stock Exchange (“IDX”) on
           keterbukaan informasi kepada Bursa Efek                           20 March 2020 regarding execution plan of
           Indonesia (“BEI”) tanggal 20 Maret 2020                           repurchase treasury stock that had been issued and
           sehubungan dengan rencana pembelian kembali                       registered in IDX with maximum amount
           saham yang telah dikeluarkan dan tercatat di BEI                  Rp2,000,000. Treasury stock repurchase will be
           sebanyak-banyaknya      sebesar   Rp2.000.000.                    executed gradually for 3 (three) months since
           Pembelian kembali tersebut akan dilakukan                         20 March 2020 until 19 June 2020.
           secara bertahap untuk periode 3 (tiga) bulan
           terhitung sejak tanggal 20 Maret 2020 sampai
           dengan tanggal 19 Juni 2020.


                                                              29
Page 1044
                                                                                          The original consolidated financial statements
                                                                                        included herein are in the Indonesian language.

            PT BANK MANDIRI (PERSERO) Tbk                                        PT BANK MANDIRI (PERSERO) Tbk
                DAN ENTITAS ANAKNYA                                                    AND ITS SUBSIDIARIES
          CATATAN ATAS LAPORAN KEUANGAN                                           NOTES TO THE CONSOLIDATED
                     KONSOLIDASIAN                                                    FINANCIAL STATEMENTS
           Tanggal 31 Desember 2025 dan untuk                                      As of 31 December 2025 and for
          Tahun Berakhir pada Tanggal Tersebut                                        for the Year Then Ended
             (Disajikan dalam jutaan Rupiah,                                      (Expressed in millions of Rupiah,
                 kecuali dinyatakan lain)                                             unless otherwise stated)

1.   INFORMASI UMUM (lanjutan)                                      1.   GENERAL INFORMATION (continued)

     f.    Penawaran umum obligasi dan medium term                       f.   Public offering of subordinated bonds and
           notes subordinasi, penawaran umum obligasi                         medium term notes, public offering of bonds
           dan medium term notes, penawaran umum                              and medium term notes, limited public offering
           terbatas saham, perubahan modal saham                              of shares, changes in share capital of Bank
           Bank Mandiri dan pembelian kembali saham                           Mandiri and repurchase of Bank Mandiri shares
           Bank Mandiri (lanjutan)                                            (continued)

           Pembelian    kembali    saham     Bank    Mandiri                  Repurchase of Bank Mandiri shares (continued)
           (lanjutan)

           Tahun 2020 (lanjutan)                                              Year 2020 (continued)

           Bank Mandiri telah melakukan pembelian kembali                     Bank Mandiri has executed repurchase of Bank
           saham sebanyak 35.400.000 lembar saham (nilai                      Mandiri shares amounted to 35,400,000 shares
           nominal Rp250 (nilai penuh) per lembar saham)                      (nominal value of Rp250 (full amount) per share)
           dengan harga perolehan sebesar Rp150.895.                          with acquisition price of Rp150,895. In December
           Pada bulan Desember 2022, Bank Mandiri telah                       2022, Bank Mandiri had released 35,400,000
           melepaskan saham treasuri sebanyak 35.400.000                      treasury shares.
           lembar saham.

           Tahun 2025                                                         Year 2025

           Bank melalui surat No. CEO/60/2025 tanggal                         The Bank, through its letter No. CEO/60/2025 dated
           18 Maret 2025 mengajukan permohonan                                18 March 2025, submitted a request for approval of
           persetujuan     rencana     pembelian     kembali                  the Bank’s shares buyback for at most
           (buyback) saham Bank sebanyak-banyaknya                            Rp1,170,000. The Bank’s plan on shares buyback
           sebesar Rp1.170.000. Rencana buyback saham                         was approved by Financial Services Authority (FSA)
           Bank telah disetujui oleh Otoritas Jasa Keuangan                   through its letter No.S-34/PB.21/2025 dated
           (OJK) melalui surat No. S-34/PB.21/2025 pada                       21 March 2025 and approved by Annual General
           tanggal 21 Maret 2025 dan telah mendapatkan                        Meeting of Shareholders held on 25 March 2025
           persetujuan pada Rapat Umum Pemegang                               notarized by Notary Utiek R. Abdurachman, SH.,
           Saham Tahunan Bank yang diselenggarakan                            MLL, MKn. in Jakarta. The Bank's share buyback
           pada tanggal 25 Maret 2025, yang diaktakan oleh                    will be held as treasury shares with the total
           Notaris Utiek R. Abdurachman, SH., MLL, MKn. di                    buyback amounting to a maximum of Rp1,170,000,
           Jakarta. Buyback saham Bank akan disimpan                          including buyback costs and taxes.
           sebagai saham treasuri dengan jumlah seluruh
           buyback sebesar-besarnya Rp1.170.000 sudah
           termasuk biaya buyback dan pajak.

           Bank juga telah menyampaikan keterbukaan                           The Bank conveyed its information disclosure to the
           informasi kepada OJK sehubungan dengan                             FSA in connection with the plan of shares buyback
           rencana pembelian kembali saham yang telah                         previously issued and listed on the Indonesia Stock
           dikeluarkan dan tercatat di Bursa Efek Indonesia                   Exchange for as many as Rp1,170,000 through its
           sebanyak-banyaknya       sebesar    Rp1.170.000                    letter     No.CRL.SCS/CMA.600/2025            dated
           melalui surat No. CRL.SCS/CMA.600/2025                             14 February 2025. The buyback is conducted for a
           tanggal 14 Februari 2025. Pembelian kembali                        period of 12 months following the Annual General
           tersebut dilaksanakan untuk periode 12 bulan                       Meeting of Shareholders on a gradual basis, which
           setelah tanggal Rapat Umum Pemegang Saham                          is within a period between 25 March 2025 to
           Tahunan secara bertahap, yaitu dalam periode 26                    25 March 2026.
           Maret 2025 sampai dengan 25 Maret 2026.

           Buyback Bank dilakukan antara lain dengan                          The Bank’s share buyback was conducted, among
           tujuan untuk menjaga stabilitas harga saham Bank                   other purposes, to maintain the stability of the
           agar tetap mencerminkan kondisi fundamental                        Bank’s share price so that it continues to reflect the
           Bank serta untuk memperkuat kepercayaan                            Bank’s fundamental conditions, as well as to
           pemangku kepentingan terhadap nilai dan                            strengthen stakeholder confidence in the Bank’s
           prospek jangka panjang Bank. Lebih lanjut, tujuan                  value and long-term prospects. Furthermore,
           lainnya adalah pengalihan saham hasil buyback                      another objective is the transfer of shares from the
           untuk pelaksanaan program kepemilikan saham                        buyback for the implementation of the employee
           bagi pegawai.                                                      stock ownership program.

                                                               30
Page 1045
                                                                                                                          The original consolidated financial statements
                                                                                                                        included herein are in the Indonesian language.

            PT BANK MANDIRI (PERSERO) Tbk                                                                     PT BANK MANDIRI (PERSERO) Tbk
                DAN ENTITAS ANAKNYA                                                                                 AND ITS SUBSIDIARIES
          CATATAN ATAS LAPORAN KEUANGAN                                                                        NOTES TO THE CONSOLIDATED
                     KONSOLIDASIAN                                                                                 FINANCIAL STATEMENTS
           Tanggal 31 Desember 2025 dan untuk                                                                   As of 31 December 2025 and for
          Tahun Berakhir pada Tanggal Tersebut                                                                     for the Year Then Ended
             (Disajikan dalam jutaan Rupiah,                                                                   (Expressed in millions of Rupiah,
                 kecuali dinyatakan lain)                                                                          unless otherwise stated)

1.   INFORMASI UMUM (lanjutan)                                                            1.     GENERAL INFORMATION (continued)

     f.    Penawaran umum obligasi dan medium term                                               f.      Public offering of subordinated bonds and
           notes subordinasi, penawaran umum obligasi                                                    medium term notes, public offering of bonds
           dan medium term notes, penawaran umum                                                         and medium term notes, limited public offering
           terbatas saham, perubahan modal saham                                                         of shares, changes in share capital of Bank
           Bank Mandiri dan pembelian kembali saham                                                      Mandiri and repurchase of Bank Mandiri shares
           Bank Mandiri (lanjutan)                                                                       (continued)

           Pembelian             kembali          saham          Bank       Mandiri                      Repurchase of Bank Mandiri shares (continued)
           (lanjutan)

           Tahun 2025 (lanjutan)                                                                         Year 2025 (continued)

           Pada posisi tanggal 31 Desember 2025, Bank                                                    As of 31 December 2025, the Bank had
           telah melakukan pembelian kembali saham                                                       repurchased a total of 84,250,000 shares (par value
           sejumlah 84.250.000 lembar saham (nilai nominal                                               of Rp125 (full amount) per share) at an acquisition
           Rp125 (nilai penuh) per lembar saham) dengan                                                  price of Rp403,625 and average purchase price of
           harga perolehan sebesar Rp403.625 dan rata-rata                                               Rp4,791 (full amount) pr share, based on the
           harga pembelian sebesar Rp4.791 (nilai penuh)                                                 monthly report data from PT Datindo Entrycom as
           per lembar saham, berdasarkan data laporan                                                    Bank Mandiri’s Share Registrar. The report on the
           bulanan dari PT Datindo Entrycom selaku Biro                                                  buyback realization has been carried out by the
           Administrasi Efek Bank Mandiri. Laporan realisasi                                             Bank through letter No. CEO/02/2026 dated
           buyback sudah dilakukan Bank melalui surat No.                                                13 January 2026 concerning the Submission of the
           CEO/02/2026 tanggal 13 Januari 2026 perihal                                                   Realization of the Buyback Report of PT Bank
           Penyampaian Laporan Realisasi Pembelian                                                       Mandiri (Persero) Tbk Shares for December 2025.
           Kembali Saham PT Bank Mandiri (Persero) Tbk
           periode Desember 2025.

     g.    Entitas Anak                                                                          g.      Subsidiaries

           Entitas Anak yang tercakup dalam laporan                                                      Subsidiaries included in the consolidated financial
           keuangan konsolidasian adalah sebagai berikut:                                                statements are as follows:

                                                                                                                 Persentase
                                                                                                               Kepemilikan %/
                                                                                                               Percentage of
                                                                                                                Ownership %

                                                                                                             31             31
                                                                                                          Desember       Desember
                                                                                                            2025/          2024/
                                                                                                             31             31
                                                               Jenis Usaha/          Kedudukan/           December       December
                     Nama Entitas Anak                      Nature of Business        Domicile              2025           2024                   Name of Subsidiaries

          PT Bank Syariah Indonesia Tbk                       Perbankan syariah/                                                                    PT Bank Syariah Indonesia Tbk
             (dahulu PT Bank Syariah Mandiri)*)                   Sharia banking               Jakarta          51,47           51,47         (formerly PT Bank Syariah Mandiri)*)
                                                                      Perbankan/
          Bank Mandiri (Europe) Limited (BMEL)               Commercial banking                London          100,00        100,00          Bank Mandiri (Europe) Limited (BMEL)
          PT Mandiri Sekuritas                                Sekuritas/Securities             Jakarta          99,99         99,99                           PT Mandiri Sekuritas
          PT Bank Mandiri Taspen                                      Perbankan/                                                                          PT Bank Mandiri Taspen
             (dahulu PT Bank Mandiri Taspen Pos)             Commercial banking                Jakarta          51,10           51,10    (formerly PT Bank Mandiri Taspen Pos)
                                                           Pembiayaan konsumen/
          PT Mandiri Tunas Finance (MTF)                      Consumer financing               Jakarta          51,00           51,00             PT Mandiri Tunas Finance (MTF)

          Mandiri International Remittance                    Layanan remittance/                                                                  Mandiri International Remittance
            Sendirian Berhad (MIR)                             Remittance service     Kuala Lumpur             100,00        100,00                      Sendirian Berhad (MIR)
                                                                   Asuransi jiwa/
          PT AXA Mandiri Financial Services (AMFS)                 Life insurance              Jakarta          51,00           51,00   PT AXA Mandiri Financial Services (AMFS)
                                                           Pembiayaan konsumen/
          PT Mandiri Utama Finance (MUF)                      Consumer financing               Jakarta          99,99           99,99             PT Mandiri Utama Finance (MUF)
                                                                  Modal ventura/
          PT Mandiri Capital Indonesia (MCI)                      Venture capital              Jakarta          99,99           99,99            PT Mandiri Capital Indonesia (MCI)

            *) Lihat Catatan 68 - Peristiwa setelah tanggal laporan.                                     *) See Note 68 - Subsequent events




                                                                                     31
Page 1046
                                                                                                                     The original consolidated financial statements
                                                                                                                   included herein are in the Indonesian language.

            PT BANK MANDIRI (PERSERO) Tbk                                                                  PT BANK MANDIRI (PERSERO) Tbk
                DAN ENTITAS ANAKNYA                                                                              AND ITS SUBSIDIARIES
          CATATAN ATAS LAPORAN KEUANGAN                                                                     NOTES TO THE CONSOLIDATED
                     KONSOLIDASIAN                                                                              FINANCIAL STATEMENTS
           Tanggal 31 Desember 2025 dan untuk                                                                As of 31 December 2025 and for
          Tahun Berakhir pada Tanggal Tersebut                                                                  for the Year Then Ended
             (Disajikan dalam jutaan Rupiah,                                                                (Expressed in millions of Rupiah,
                 kecuali dinyatakan lain)                                                                       unless otherwise stated)

1.   INFORMASI UMUM (lanjutan)                                                           1.     GENERAL INFORMATION (continued)

     g.    Entitas Anak (lanjutan)                                                              g.   Subsidiaries (continued)

           Total aset Entitas Anak tersebut (sebelum                                                 The Subsidiaries’ total assets (before elimination)
           eliminasi) masing-masing sebagai berikut:                                                 are as follows:


                                                                                          Total aset (sebelum eliminasi)/
                                                                         Tahun           Total assets (before elimination)
                                                                      beroperasi
                                                                       komersial/        31 Desember          31 Desember
                                                                        Year of              2025/                2024/
                                                                      commercial         31 December          31 December
                    Nama Entitas Anak                                  operation             2025                 2024                    Name of Subsidiaries

          PT Bank Syariah Indonesia Tbk                                                                                                 PT Bank Syariah Indonesia Tbk
           (dahulu PT Bank Syariah Mandiri)*)                          1955               456.192.606            408.613.432      (formerly PT Bank Syariah Mandiri)*)
          Bank Mandiri (Europe) Limited                                1999                 4.974.960              4.210.018             Bank Mandiri (Europe) Limited
          PT Mandiri Sekuritas                                         1992                 6.068.239              5.161.354                       PT Mandiri Sekuritas
          PT Bank Mandiri Taspen                                                                                                              PT Bank Mandiri Taspen
           (dahulu PT Bank Mandiri Taspen Pos)                         1970                   73.025.174           66.232.344 (formerly PT Bank Mandiri Taspen Pos)
          PT Mandiri Tunas Finance                                     1989                   28.008.732           34.425.456                PT Mandiri Tunas Finance
          Mandiri International Remittance                                                                                             Mandiri International Remittance
           Sendirian Berhad                                            2009                       37.556               33.157                        Sendirian Berhad
          PT AXA Mandiri Financial Services                            1991                   43.813.450           41.914.379        PT AXA Mandiri Financial Services
          PT Mandiri Utama Finance                                     2015                   18.784.576           15.191.908                PT Mandiri Utama Finance
          PT Mandiri Capital Indonesia                                 2015                    6.406.076            5.967.873              PT Mandiri Capital Indonesia

          Total                                                                           637.311.369            581.749.921                                     Total


           *) Lihat Catatan 68 - Peristiwa setelah tanggal laporan.                                  *) See Note 68 - Subsequent events


           PT Bank Syariah Indonesia Tbk (dahulu                                                     PT Bank Syariah Indonesia Tbk (formerly
           PT Bank Syariah Mandiri)                                                                  PT Bank Syariah Mandiri)

           Pada tanggal 12 Oktober 2020, PT Bank Mandiri                                             On 12 October 2020, PT Bank Mandiri (Persero)
           (Persero) Tbk (“Bank Mandiri”), PT Bank Rakyat                                            Tbk (“Bank Mandiri”), PT Bank Rakyat Indonesia
           Indonesia (Persero) Tbk (“BRI”), PT Bank Negara                                           (Persero) Tbk (“BRI”), PT Bank Negara Indonesia
           Indonesia       (Persero)       Tbk      (“BNI”),                                         (Persero) Tbk (“BNI”), PT Bank Syariah Mandiri
           PT Bank Syariah Mandiri (“BSM”), PT Bank                                                  (“BSM”), PT Bank BRIsyariah Tbk (“BRIS”), and
           BRIsyariah Tbk (“BRIS”), dan PT Bank BNI                                                  PT Bank BNI Syariah (“BNIS”) have signed
           Syariah    (“BNIS”)    telah     menandatangani                                           a Conditional Merger Agreement (“CMA”) for the
           Conditional Merger Agreement (“CMA”) atau                                                 business merger of BSM, BRIS, and BNIS (Merger
           Perjanjian Penggabungan Bersyarat dalam                                                   Participating Banks).
           rangka penggabungan usaha BSM, BRIS, dan
           BNIS (Bank Peserta Penggabungan).

           Berdasarkan CMA, setelah tanggal efektif                                                  Based on CMA, after the effective date of the
           penggabungan, BRIS akan menjadi entitas                                                   merger, BRIS will become the surviving legal entity
           yang   menerima     penggabungan       secara                                             and all shareholders of BNIS and BSM will become
           hukum atau surviving legal entity dan seluruh                                             shareholders of the entity receiving the
           pemegang saham BNIS dan BSM akan                                                          amalgamation based on the amalgamation ratio.
           menjadi pemegang saham dari entitas yang
           menerima penggabungan berdasarkan rasio
           penggabungan.

           Izin Penggabungan diperoleh dari OJK melalui                                              The Merger Approval was obtained from the FSA
           Salinan Keputusan Dewan Komisioner OJK                                                    through a copy of the Decree of the FSA Board
           No. 4/KDK.03/2021 tanggal 27 Januari 2021                                                 of Commissioners No. 4/KDK.03/2021 dated
           tentang Pemberian Izin Penggabungan BSM dan                                               27 January 2021 regarding the Granting of Permits
           BNIS ke dalam BRIS serta Izin Perubahan Nama                                              to Merge BSM and BNIS into BRIS as well as
           dengan Menggunakan Izin Usaha PT Bank                                                     Permits to Change Names by Using PT Bank
           BRIsyariah Tbk Menjadi Izin Usaha Atas Nama                                               BRIsyariah Tbk Business Permit to Become
           PT Bank Syariah Indonesia Tbk Sebagai Bank                                                Business Permit in the Name of PT Bank Syariah
           Hasil Penggabungan.                                                                       Indonesia Tbk as the Merged Bank.




                                                                                    32
Page 1047
                                                                                         The original consolidated financial statements
                                                                                       included herein are in the Indonesian language.

            PT BANK MANDIRI (PERSERO) Tbk                                       PT BANK MANDIRI (PERSERO) Tbk
                DAN ENTITAS ANAKNYA                                                   AND ITS SUBSIDIARIES
          CATATAN ATAS LAPORAN KEUANGAN                                          NOTES TO THE CONSOLIDATED
                     KONSOLIDASIAN                                                   FINANCIAL STATEMENTS
           Tanggal 31 Desember 2025 dan untuk                                     As of 31 December 2025 and for
          Tahun Berakhir pada Tanggal Tersebut                                       for the Year Then Ended
             (Disajikan dalam jutaan Rupiah,                                     (Expressed in millions of Rupiah,
                 kecuali dinyatakan lain)                                            unless otherwise stated)

1.   INFORMASI UMUM (lanjutan)                                     1.   GENERAL INFORMATION (continued)

     g.    Entitas Anak (lanjutan)                                      g.   Subsidiaries (continued)

           PT Bank Syariah Indonesia Tbk (dahulu                             PT Bank Syariah Indonesia Tbk (formerly
           PT Bank Syariah Mandiri) (lanjutan)                               PT Bank Syariah Mandiri) (continued)

           BRIS awalnya didirikan dengan nama PT Bank                        BRIS was initially established under the name of
           Jasa Arta (“BJA”) berdasarkan Akta Pendirian                      PT Bank Jasa Arta (“BJA”) based on the Deed of
           No. 4 tanggal 3 April 1969 yang dibuat dihadapan                  Establishment No. 4 dated 3 April 1969 of Liem
           Liem Toeng Kie, S.H., notaris di Jakarta. Akta                    Toeng Kie, S.H., notary in Jakarta. The deed has
           pendirian ini disahkan oleh Menteri Kehakiman                     been approved by the Minister of Law of Republic of
           Republik Indonesia dalam Surat Keputusan                          Indonesia in its Decision Letter No. J.A.5/70/4 dated
           No. J.A.5/70/4 tanggal 28 Mei 1970 dan telah                      28 May 1970 and has been published in the State
           diumumkan dalam Berita Negara Republik                            Gazette of Republic of Indonesia No. 43 dated
           Indonesia No. 43 tanggal 28 Mei 1971, Tambahan                    28 May 1971, Supplement No. 242/1971.
           No. 242/1971.

           BJA memperoleh izin usaha untuk beroperasi                        BJA obtained its business license to operate as
           sebagai bank umum dari Menteri Keuangan                           a commercial bank from Minister of Finance of the
           Republik Indonesia No. D.15.1-4-40 tanggal                        Republic of Indonesia No. D.15.1-4-40 dated
           3 Juli 1969. Sejak tanggal 16 Oktober 2008, BJA                   3 July 1969. Since 16 October 2008, BJA has
           telah memperoleh izin perubahan kegiatan usaha                    obtained license from Bank Indonesia to change its
           bank, dari bank konvensional menjadi bank umum                    business activities, from a conventional bank into
           yang melaksanakan kegiatan usaha berdasarkan                      a commercial bank based on sharia principles.
           prinsip syariah dari Bank Indonesia.

           Perubahan      nama      dan     kegiatan usaha                   The changes in name and business activity based
           berdasarkan prinsip syariah dari BJA menjadi                      on sharia principles from BJA to PT Bank Syariah
           PT Bank Syariah BRI didasarkan pada                               BRI was based on BJA Shareholders’ Approval
           Pernyataan Keputusan Persetujuan Bersama                          Decision Statement, as stated in the Deed No. 45
           Seluruh Pemegang Saham Perseroan Terbatas                         dated 22 April 2008 made before Fathiah Helmi,
           BJA, sesuai dengan Akta No. 45 tanggal                            S.H., notary in Jakarta.
           22 April 2008 yang dibuat di hadapan Fathiah
           Helmi, S.H., notaris di Jakarta.

           Pada tahun 2009, PT Bank Syariah BRI                              In 2009, PT Bank Syariah BRI changed its name to
           melakukan perubahan nama menjadi PT Bank                          PT Bank BRISyariah based on PT Bank Syariah
           BRISyariah sesuai dengan Akta Keputusan                           BRI Shareholders’ Approval Decision Statement, as
           Persetujuan Bersama Seluruh Pemegang Saham                        stated in Notarial Deed No. 18 dated 14 April 2009
           PT Bank Syariah BRI No. 18 tanggal 14 April 2009                  made before Fathiah Helmi, S.H., notary in Jakarta
           dibuat dihadapan Fathiah Helmi, S.H., notaris di                  which     was      subsequently    amended       by
           Jakarta yang selanjutnya diubah dengan Akta                       PT Bank Syariah BRI Shareholders’ Approval
           Keputusan Persetujuan Bersama           Seluruh                   Decision Statement, as stated in Notarial Deed
           Pemegang Saham PT Bank Syariah BRI No. 20                         No. 20 dated 17 September 2009 made, before
           tanggal 17 September 2009, dibuat di hadapan                      Fathiah Helmi, S.H., notary in Jakarta, which has
           Fathiah Helmi, S.H., notaris di Jakarta, yang                     been approved by the Minister of Law and Human
           telah mendapat persetujuan dari Menteri Hukum                     Rights of the Republic of Indonesia in its Decision
           dan Hak Asasi Manusia Republik Indonesia                          Letter No. AHU-53631.AH.01.02.TH2009 dated
           dalam              Surat             Keputusan                    5 November 2009. It was announced in the State
           No.     AHU-53631.AH.01.02.TH2009       tanggal                   Gazette of the Republic of Indonesia No. 96 dated
           5 November 2009 yang telah diumumkan dalam                        1 December 2009, Supplement No. 27908 and
           Berita Negara Republik Indonesia No. 96 tanggal                   Decision Letter from the Governor of Bank
           1 Desember 2009, Tambahan No. 27908                               Indonesia No. 11/63/KEP.GBI/DpG/2009 dated
           dan Surat Keputusan Gubernur Bank Indonesia                       15 December 2009.
           No.       11/63/KEP.GBI/DpG/2009        tanggal
           15 Desember 2009.




                                                              33
Page 1048
                                                                                             The original consolidated financial statements
                                                                                           included herein are in the Indonesian language.

            PT BANK MANDIRI (PERSERO) Tbk                                           PT BANK MANDIRI (PERSERO) Tbk
                DAN ENTITAS ANAKNYA                                                       AND ITS SUBSIDIARIES
          CATATAN ATAS LAPORAN KEUANGAN                                              NOTES TO THE CONSOLIDATED
                     KONSOLIDASIAN                                                       FINANCIAL STATEMENTS
           Tanggal 31 Desember 2025 dan untuk                                         As of 31 December 2025 and for
          Tahun Berakhir pada Tanggal Tersebut                                           for the Year Then Ended
             (Disajikan dalam jutaan Rupiah,                                         (Expressed in millions of Rupiah,
                 kecuali dinyatakan lain)                                                unless otherwise stated)

1.   INFORMASI UMUM (lanjutan)                                         1.   GENERAL INFORMATION (continued)

     g.    Entitas Anak (lanjutan)                                          g.   Subsidiaries (continued)

           PT Bank Syariah Indonesia Tbk (dahulu                                 PT Bank Syariah Indonesia Tbk (formerly
           PT Bank Syariah Mandiri) (lanjutan)                                   PT Bank Syariah Mandiri) (continued)

           Pada tanggal 27 Desember 2013, PT Bank                                On 27 December 2013, PT Bank BRISyariah
           BRISyariah mendapatkan izin sebagai bank                              obtained a license to operate as foreign
           devisa berdasarkan surat keputusan Gubernur                           exchange bank based on the Decision Letter
           Bank Indonesia No. 15/139/KEP.GBI/DpG/2013.                           of    the   Governor   of    Bank Indonesia
                                                                                 No. 15/139/KEP.GBI/DpG/2013.

           Perjanjian Antar Pemegang Saham Bank Hasil                            Agreement between Shareholders of the Merged
           Penggabungan tanggal 26 Januari 2021 antara                           Bank dated 26 January 2021 between PT Bank
           PT Bank Mandiri (Persero) Tbk (“Bank Mandiri”),                       Mandiri (Persero) Tbk (“Bank Mandiri”), PT Bank
           PT Bank Negara Indonesia (Persero) Tbk (“BNI”),                       Negara Indonesia (Persero) Tbk (“BNI”), and
           dan PT Bank Rakyat Indonesia (Persero) Tbk                            PT Bank Rakyat Indonesia (Persero) Tbk (“BRI”)
           (“BRI”) menyetujui bahwa Bank Mandiri                                 agreed that Bank Mandiri is a party who exercises
           merupakan pihak yang melakukan Pengendalian                           control over the Merged Bank.
           atas Bank Hasil Penggabungan.

           Selanjutnya keputusan RUPS-LB BRIS terkait                            Subsequently, the decision of the BRIS’ EGMS
           penggabungan BSM dan BNIS kedalam BRIS                                regarding the merger of BSM and BNIS into BRIS
           dinyatakan kembali dalam Akta Pernyataan                              was restated in the Deed of Statement of Meeting
           Keputusan Rapat PT Bank BRIsyariah Tbk                                Resolutions of PT Bank BRIsyariah Tbk No. 37
           No. 37 tanggal 14 Januari 2021 yang dibuat di                         dated 14 January 2021 made before notary Jose
           hadapan notaris Jose Dima Satria S.H., M.Kn.,                         Dima Satria S.H., M.Kn., notary in Jakarta.
           notaris di Jakarta.

           Perubahan ini telah diterima dan dicatat oleh                         This amendment was accepted and recorded by the
           Menteri Hukum dan Hak Asasi Manusia Republik                          Minister of Law and Human Rights of the
           Indonesia      dalam        surat      keputusan                      Republic of Indonesia in its Decision Letter
           No. AHU-AH.01.10-0011384 tanggal 28 Januari                           No. AHU-AH.01.10-0011384 dated 28 January
           2021 yang berlaku efektif 1 Februari 2021.                            2021 which was effective on 1 February 2021.

           Transaksi pembentukan PT Bank Syariah                                 The transaction for the establishment of PT Bank
           Indonesia Tbk tersebut merupakan kombinasi                            Syariah Indonesia Tbk is a business combination of
           bisnis entitas sepengendali dimana pemegang                           entities under common control where the controlling
           saham pengendali (ultimate shareholder) dari                          shareholder (ultimate shareholder) of Bank Mandiri,
           Bank Mandiri, BNI dan BRI adalah Pemerintah                           BNI and BRI is the Government of the Republic of
           Republik Indonesia. Oleh karena itu, transaksi                        Indonesia. Therefore, transactions are treated
           diperlakukan berdasarkan metode penyatuan                             based on the pooling of interest method in
           kepemilikan sesuai Pernyataan Standar Akuntansi                       accordance with Statement of Financial Accounting
           Keuangan (“PSAK”) 338 “Kombinasi Bisnis Entitas                       Standards (“SFAS”) 338 “Business Combination of
           Sepengendali”.                                                        Entities Under Common Control”.

           Perbedaan antara jumlah imbalan yang                                  The difference between the amount of consideration
           dialihkan dan jumlah tercatat investasi yang                          transferred and the carrying amount of the
           diperoleh dari transaksi ini diakui sebagai “Selisih                  investment obtained from this transaction is
           Nilai Transaksi Kombinasi Bisnis Entitas                              recognised as “Difference in Value from Business
           Sepengendali” dan disajikan sebagai bagian                            Combination Transactions of Entities Under
           "Tambahan Modal Disetor" di bagian ekuitas pada                       Common Control” and presented as “Additional
           laporan posisi keuangan konsolidasian. Ekuitas                        Paid-in Capital” in the equity section in the
           dari PT BRIsyariah Tbk dan PT Bank BNI Syariah                        consolidated statement of financial position. Prior to
           sebelum tanggal penggabungan disajikan sebagai                        the date of the merger, the equity of
           “ekuitas merging entities” pada bagian ekuitas.                       PT BRIsyariah Tbk and PT Bank BNI Syariah is
                                                                                 presented as “merging entities equity” in the equity
                                                                                 section.




                                                                  34
Page 1049
                                                                                              The original consolidated financial statements
                                                                                            included herein are in the Indonesian language.

            PT BANK MANDIRI (PERSERO) Tbk                                             PT BANK MANDIRI (PERSERO) Tbk
                DAN ENTITAS ANAKNYA                                                         AND ITS SUBSIDIARIES
          CATATAN ATAS LAPORAN KEUANGAN                                                NOTES TO THE CONSOLIDATED
                     KONSOLIDASIAN                                                         FINANCIAL STATEMENTS
           Tanggal 31 Desember 2025 dan untuk                                           As of 31 December 2025 and for
          Tahun Berakhir pada Tanggal Tersebut                                             for the Year Then Ended
             (Disajikan dalam jutaan Rupiah,                                           (Expressed in millions of Rupiah,
                 kecuali dinyatakan lain)                                                  unless otherwise stated)

1.   INFORMASI UMUM (lanjutan)                                      1.    GENERAL INFORMATION (continued)

     g.    Entitas Anak (lanjutan)                                        g.      Subsidiaries (continued)

           PT Bank Syariah Indonesia Tbk (dahulu                                  PT Bank Syariah Indonesia Tbk (formerly
           PT Bank Syariah Mandiri) (lanjutan)                                    PT Bank Syariah Mandiri) (continued)

           Rincian jumlah imbalan yang dialihkan dan jumlah                       Details of the amount of consideration transferred
           tercatat yang diperoleh adalah sebagai berikut:                        and the carrying amount received are as follows:


                                                                      Jumlah
                                            Jumlah imbalan             tercatat
                                                 yang                investasi/          Tambahan
                                               dialihkan/           Investment          modal disetor/
                                           The consideration          carrying            Additional
                                              transferred             amount            paid-in capital


           PT Bank Syariah Indonesia Tbk          10.905.424             11.232.496              327.072      PT Bank Syariah Indonesia Tbk

           Selanjutnya keputusan RUPS-LB BRIS antara lain                         Furthermore, the decisions of the BRIS' EGMS,
           terkait Perubahan Anggaran Dasar BRIS                                  among others related to the Amendment to the
           dinyatakan kembali dalam Akta Pernyataan                               BRIS Articles of Association, were restated in the
           Keputusan Rapat Perubahan Anggaran Dasar                               Deed of Statement of Meeting Resolutions on the
           Perubahan Nama PT Bank BRIsyariah Tbk                                  Amendment of the Articles of Association for the
           No. 38 tanggal 14 Januari 2021 yang dibuat di                          Change of Name of PT Bank BRIsyariah Tbk
           hadapan Jose Dima Satria S.H., M.Kn., notaris di                       No. 38 dated 14 January 2021 made before Jose
           Jakarta yang antara lain perubahan nama menjadi                        Dima Satria S.H., M.Kn., notary in Jakarta, which,
           PT Bank Syariah Indonesia Tbk.                                         among others, changed its name to PT Bank
                                                                                  Syariah Indonesia Tbk.

           Perubahan ini telah mendapat persetujuan                               This change was approved by the Minister of Law
           Menteri Hukum dan Hak Asasi Manusia Republik                           and Human Rights of the Republic of Indonesia in
           Indonesia       dalam       Surat     Keputusan                        its Decision Letter No. AHU-0006268.AH.01.02
           No. AHU-0006268.AH.01.02 tahun 2021, dan                               year 2021, and has been received and recorded
           telah diterima dan dicatatkan Menteri Hukum dan                        by the Minister of Law and Human Rights
           Hak Asasi Manusia Republik Indonesia dalam                             of the Republic of Indonesia in its Decision
           Surat Keputusan No. AHU-AH.01.03.0061498 dan                           Letter    No.    AHU-AH.01.03.0061498       and
           No. AHU-AH.01.03.0061501 yang seluruhnya                               No. AHU-AH.01.03.0061501 which are all set on
           ditetapkan tanggal 1 Februari 2021.                                    1 February 2021.

           Selanjutnya perubahan Anggaran Dasar PT Bank                           Furthermore, changes to the PT Bank Syariah
           Syariah Indonesia Tbk melalui Akta Pernyataan                          Indonesia Tbk Articles of Association through the
           Perubahan Anggaran Dasar PT Bank Syariah                               Deed of Statement of Amendment to the Articles of
           Indonesia Tbk No. 146 tanggal 24 Juni 2022 yang                        Association of PT Bank Syariah Indonesia Tbk
           dibuat di hadapan Jose Dima Satria S.H., M.Kn.,                        No. 146 dated 24 June 2022 made before Jose
           notaris di Jakarta mengenai penambahan                                 Dima Satria, S.H., M.Kn., notary in Jakarta,
           klasifikasi saham Entitas Anak sehingga                                regarding the addition of the classification of the
           mengakibatkan       Perubahan         Komposisi                        Subsidiary’s shares resulting in a Change in the
           Kepemilikan Entitas Anak dan Perubahan                                 Composition of Subsidiary’s Ownership and
           Pengendalian dari Negara Republik Indonesia                            a Change in Control from the Republic of Indonesia
           yang semula Pemegang Saham Pengendali                                  which was originally Ultimate            Controlling
           Terakhir (PSPT) menjadi Pemegang Saham                                 Shareholders (PSPT) to Controlling Shareholders
           Pengendali (PSP) dan telah diterima dan dicatat                        (PSP) and has been accepted and recorded
           oleh Menteri Hukum dan Hak Asasi Manusia                               by the Minister of Law and Human Rights of the
           Republik Indonesia dalam Surat Keputusan                               Republic of Indonesia in its Decision Letter
           No. AHU-AH.01.03-0269107 tanggal 22 Juli 2022                          No. AHU-AH.01.03-0269107 dated 22 July 2022
           perihal Penerimaan Pemberitahuan Perubahan                             regarding    Acceptance     of    Notification     of
           Anggaran Dasar PT Bank Syariah Indonesia Tbk.                          Amendments to the Articles of Association of
                                                                                  PT Bank Syariah Indonesia Tbk.




                                                               35
Page 1050
                                                                                          The original consolidated financial statements
                                                                                        included herein are in the Indonesian language.

            PT BANK MANDIRI (PERSERO) Tbk                                         PT BANK MANDIRI (PERSERO) Tbk
                DAN ENTITAS ANAKNYA                                                     AND ITS SUBSIDIARIES
          CATATAN ATAS LAPORAN KEUANGAN                                            NOTES TO THE CONSOLIDATED
                     KONSOLIDASIAN                                                     FINANCIAL STATEMENTS
           Tanggal 31 Desember 2025 dan untuk                                       As of 31 December 2025 and for
          Tahun Berakhir pada Tanggal Tersebut                                         for the Year Then Ended
             (Disajikan dalam jutaan Rupiah,                                       (Expressed in millions of Rupiah,
                 kecuali dinyatakan lain)                                              unless otherwise stated)

1.   INFORMASI UMUM (lanjutan)                                       1.   GENERAL INFORMATION (continued)

     g.    Entitas Anak (lanjutan)                                        g.   Subsidiaries (continued)

           PT Bank Syariah Indonesia Tbk (dahulu                               PT Bank Syariah Indonesia Tbk (formerly
           PT Bank Syariah Mandiri) (lanjutan)                                 PT Bank Syariah Mandiri) (continued)

           Selanjutnya perubahan Anggaran Dasar PT Bank                        Furthermore, the latest changes to the PT Bank
           Syariah Indonesia Tbk melalui Akta Pernyataan                       Syariah Indonesia Tbk Articles of Association
           Keputusan Rapat Perubahan Anggaran Dasar PT                         through the Deed of Statement of Meeting
           Bank Syariah Indonesia Tbk No. 191 tanggal                          Resolutions on Amendments to the Articles of
           29 Desember 2022 dibuat di hadapan Muhammad                         Association of PT Bank Syariah Indonesia Tbk No.
           Muazzir, S.H., M.Kn., sebagai pengganti dari Jose                   191 dated 29 December 2022 made before
           Dima Satria S.H., M.Kn., notaris di Jakarta                         Muhammad Muazzir, S.H., M.Kn., as a replacement
           mengenai modal ditempatkan dan disetor PT                           for Jose Dima Satria S.H., M.Kn., notary in Jakarta
           Bank Syariah Indonesia Tbk melalui mekanisme                        regarding the issued and paid-up capital of PT Bank
           Penambahan Modal dengan Memberikan Hak                              Syariah Indonesia Tbk through the Capital Increase
           Memesan Efek Terlebih Dahulu I ("PMHMETD I").                       mechanism by Providing Pre-emptive Rights I
                                                                               ("PMHMETD I").

           Anggaran Dasar ini terkait modal ditempatkan dan                    This Article of Association regarding PT Bank
           disetor PT Bank Syariah Indonesia Tbk menjadi                       Syariah     Indonesia      Tbk's     issued    and
           sebanyak 46.129.260.138 (empat puluh enam                           paid-up capital become 46,129,260,138 (forty six
           miliar seratus dua puluh sembilan juta dua ratus                    billion one hundred and twenty nine million two
           enam puluh ribu seratus tiga puluh delapan)                         hundred sixty thousand one hundred thirty eight)
           lembar saham dengan nilai nominal seluruhnya                        shares with a total nominal value of Rp23,064,630.
           sebesar Rp23.064.630.

           Anggaran Dasar ini telah diterima dan dicatat oleh                  This Article of Association has been received and
           Menteri Hukum dan Hak Asasi Manusia Republik                        recorded by the Minister of Law and Human Rights
           Indonesia     dalam         Surat      Keputusan                    of the Republic of Indonesia in its Decision Letter
           No.       AHU-AH.01.03-0497431            tanggal                   No. AHU-AH.01.03-0497431 dated 29 December
           29 Desember 2022 perihal Penerimaan                                 2022 regarding Acceptance of Notification of
           Pemberitahuan Perubahan Anggaran Dasar                              Amendments to the Articles of Association of
           PT Bank Syariah Indonesia Tbk (“BSI”).                              PT Bank Syariah Indonesia Tbk (“BSI”).

           Perubahan Anggaran Dasar BSI melalui Akta                           The amendment to BSI's Articles of Association was
           Pernyataan Keputusan Rapat Umum Pemegang                            made through the Deed of Decision of the Annual
           Saham Tahunan PT Bank Syariah Indonesia Tbk                         General Meeting of Shareholders PT Bank Syariah
           No. 37 tanggal 17 Mei 2024 yang dibuat                              Indonesia Tbk No. 37 dated 17 May 2024, which
           dihadapan Ashoya Ratam S.H., M.Kn., notaris di                      made before Ashoya Ratam S.H., M.Kn., a notary in
           Jakarta mengenai penyesuaian Anggaran Dasar                         Jakarta, regarding the adjustment of BSI's Articles
           BSI dengan ketentuan-ketentuan baru yang terkait                    of Association with new provisions related to BSI
           dengan BSI sebagai Bank Umum Syariah dan                            as a Sharia Commercial Bank. BSI had received
           telah mendapatkan persetujuan dari Menteri                          approval from the Minister of Law and Human
           Hukum dan Hak Asasi Manusia Republik                                Rights of the Republic of Indonesia in its Decision
           Indonesia dalam Surat Keputusan No. AHU-                            Letter No. AHU-0035266.AH.01.02.Year 2024
           0035266.AH.01.02.Tahun        2024      tanggal                     dated 13 June 2024, and was received and
           13 Juni 2024 dan telah diterima dan dicatat oleh                    recorded by the Minister of Law and Human Rights
           Menteri Hukum dan Hak Asasi Manusia Republik                        of the Republic of Indonesia in its Decision Letter
           Indonesia     dalam        Surat     Keputusan                      No. AHU-AH.01.03-0145286 dated 13 June 2024,
           No. AHU-AH.01.03-0145286 tanggal 13 Juni 2024                       regarding the Receipt of Notification of
           perihal Penerimaan Pemberitahuan Perubahan                          Amendments to the Articles of Association of
           Anggaran Dasar PT Bank Syariah Indonesia Tbk.                       PT Bank Syariah Indonesia Tbk.




                                                                36
Page 1051
                                                                                           The original consolidated financial statements
                                                                                         included herein are in the Indonesian language.

            PT BANK MANDIRI (PERSERO) Tbk                                         PT BANK MANDIRI (PERSERO) Tbk
                DAN ENTITAS ANAKNYA                                                     AND ITS SUBSIDIARIES
          CATATAN ATAS LAPORAN KEUANGAN                                            NOTES TO THE CONSOLIDATED
                     KONSOLIDASIAN                                                     FINANCIAL STATEMENTS
           Tanggal 31 Desember 2025 dan untuk                                       As of 31 December 2025 and for
          Tahun Berakhir pada Tanggal Tersebut                                         for the Year Then Ended
             (Disajikan dalam jutaan Rupiah,                                       (Expressed in millions of Rupiah,
                 kecuali dinyatakan lain)                                              unless otherwise stated)

1.   INFORMASI UMUM (lanjutan)                                       1.   GENERAL INFORMATION (continued)

     g.    Entitas Anak (lanjutan)                                        g.   Subsidiaries (continued)

           PT Bank Syariah Indonesia Tbk (dahulu                               PT Bank Syariah Indonesia Tbk (formerly
           PT Bank Syariah Mandiri) (lanjutan)                                 PT Bank Syariah Mandiri) (continued)

           Selanjutnya perubahan Anggaran Dasar terakhir                       Subsequently, the most recent amendment to the
           diputuskan dalam RUPS Luar Biasa BSI tanggal                        Articles of Association was decided at the
           22 Desember 2025, dengan keputusannya antara                        Extraordinary General Meeting of Shareholders
           lain menyetujui perubahan Anggaran Dasar                            (EGMS) of BSI on 22 December 2025, with
           Perseroan dalam rangka penyesuaian dengan                           decisions including approving changes to the
           peraturan perundang-undangan dan kebijakan                          Company’s Articles of Association in order to
           antara lain (a) Undang-Undang No. 19 Tahun                          comply with laws and regulations and policies,
           2003 tentang Badan Usaha Milik Negara                               including (a) Law No. 19 of 2003 concerning State-
           sebagaimana diubah terakhir dengan Undang-                          Owned Enterprises, as last amended by Law No. 16
           Undang No. 16 Tahun 2025 tentang Perubahan                          of 2025 concerning the Fourth Amendment to Law
           keempat atas Undang-Undang No. 19 Tahun                             No. 19 of 2003 concerning State-Owned
           2003 tentang Badan Usaha Milik Negara dan (b)                       Enterprises, and (b) Financial Services Authority
           Peraturan Otoritas Jasa Keuangan No. 2 Tahun                        Regulation No. 2 of 2024 concerning the
           2024 mengenai Penerapan Tata Kelola Syariah                         Implementation of Sharia Governance for Sharia
           Bagi Bank Umum Syariah dan Unit Usaha Syariah                       Commercial Banks and Sharia Business Units,
           berikut peraturan pelaksanaannya.                                   along with its implementing regulations.

           Perubahan Anggaran Dasar Perseroan ini berlaku                      The amendment to the Company’s Articles of
           efektif sejak tanggal 23 Januari 2026, yaitu sejak                  Association shall become effective as of 23 January
           diterbitkannya    Keputusan Menteri        Hukum                    2026, being the date of issuance of the Decree of
           Republik              Indonesia            Nomor                    the Minister of Law of the Republic of Indonesia
           AHU-0003351.AH.01.02.TAHUN 2026 tentang                             Number AHU-0003351.AH.01.02.TAHUN 2026
           Persetujuan      Perubahan     Anggaran     Dasar                   concerning the Approval of the Amendment to the
           Perseroan Terbatas PT Perusahaan Perseroan                          Articles of Association of the Limited Liability
           (Persero) PT Bank Syariah Indonesia Tbk dan                         Company PT Perusahaan Perseroan (Persero) PT
           Penerimaan Pemberitahuan Perubahan Anggaran                         Bank Syariah Indonesia Tbk and the Acceptance of
           Dasar PT Perusahaan Perseroan (Persero) PT                          Notification of Amendments to the Articles of
           Bank Syariah Indonesia Tbk dari Menteri Hukum                       Association of PT Perusahaan Perseroan (Persero)
           Republik Indonesia Nomor AHU-AH.01.03-                              PT Bank Syariah Indonesia Tbk from the Minister of
           0019406.                                                            Law and Human Rights of the Republic of Indonesia
                                                                               Number AHU-AH.01.03-0019406.

           BSI melaksanakan layanan bullion berdasarkan                        BSI conducts bullion services based on the
           persetujuan OJK sebagaimana Surat OJK No S-                         approval of OJK as stated in OJK Letter No. S-
           53/PB.22/2025 tanggal 12 Februari 2025 perihal                      53/PB.22/2025 dated 12 February 2025, regarding
           Penyelenggaraan     Kegiatan   Usaha   Bulion                       the Implementation of Bullion Business Activities of
           PT Bank Syariah Indonesia Tbk. Izin yang                            PT Bank Syariah Indonesia Tbk. The license
           diperoleh BSI tersebut mencakup kegiatan                            obtained by BSI includes gold trading and gold
           perdagangan emas dan penitipan emas sesuai                          custody activities in accordance with the provisions
           dengan ketentuan POJK No. 17 Tahun 2024                             of POJK No. 17 of 2024 concerning the
           tentang Penyelenggaraan Kegiatan Usaha Bulion.                      Implementation of Bullion Business Activities. The
           Bank memperoleh tambahan izin layanan bullion                       bank obtained an additional bullion service license
           dalam hal simpanan emas berdasarkan surat OJK                       for gold deposits based on OJK Letter No. S-
           No S-259/PB.22/2025 tanggal 10 November 2025                        259/PB.22/2025 dated 10 November 2025.
           perihal Penyelenggaraan Produk Simpanan Emas
           Kegiatan Usaha Bulion Bank Saudara.

           Layanan bulion dilakukan melalui digital channel                    Bulion services are conducted through the digital
           BYOND yang memungkinkan BSI menyediakan                             channel BYOND, which allows BSI to provide
           berbagai produk terkait emas bagi nasabahnya,                       various gold-related products for its customers,
           seperti jual-beli, penitipan dan simpanan emas                      such as buying and selling, custody, and gold
           sesuai prinsip syariah.                                             deposits in accordance with Sharia principles.




                                                                37
Page 1052
                                                                                           The original consolidated financial statements
                                                                                         included herein are in the Indonesian language.

            PT BANK MANDIRI (PERSERO) Tbk                                         PT BANK MANDIRI (PERSERO) Tbk
                DAN ENTITAS ANAKNYA                                                     AND ITS SUBSIDIARIES
          CATATAN ATAS LAPORAN KEUANGAN                                            NOTES TO THE CONSOLIDATED
                     KONSOLIDASIAN                                                     FINANCIAL STATEMENTS
           Tanggal 31 Desember 2025 dan untuk                                       As of 31 December 2025 and for
          Tahun Berakhir pada Tanggal Tersebut                                         for the Year Then Ended
             (Disajikan dalam jutaan Rupiah,                                       (Expressed in millions of Rupiah,
                 kecuali dinyatakan lain)                                              unless otherwise stated)

1.   INFORMASI UMUM (lanjutan)                                       1.   GENERAL INFORMATION (continued)

     g.    Entitas Anak (lanjutan)                                        g.   Subsidiaries (continued)

           PT Bank Syariah Indonesia Tbk (dahulu                               PT Bank Syariah Indonesia Tbk (formerly
           PT Bank Syariah Mandiri) (lanjutan)                                 PT Bank Syariah Mandiri) (continued)

           Sejak tanggal 27 Januari 2026, Bank Mandiri tidak                   Since 27 January 2026, Bank Mandiri lost its control
           lagi memiliki pengendalian atas BSI (Catatan 68).                   over BSI (Note 68).

           Kantor Pusat PT Bank Syariah Indonesia Tbk                          The Head Office of PT Bank Syariah Indonesia Tbk
           beralamat di Gedung The Tower, Jalan Gatot                          is located at The Tower Building, Jalan Gatot
           Subroto No. 27, Kel. Karet Semanggi, Kec.                           Subroto No. 27, Karet Semanggi Sub-district,
           Setiabudi, Jakarta Selatan 12930.                                   Setiabudi District, South Jakarta 12930.

           Bank Mandiri (Europe) Limited                                       Bank Mandiri (Europe) Limited

           Selanjutnya perubahan Anggaran Dasar terakhir                       Furthermore, the last amendment to the Articles of
           diputuskan dalam RUPS Luar Biasa BSI tanggal                        Association was decided at the Extraordinary
           22 Desember 2025, dengan keputusannya antara                        General Meeting of Shareholders of BSI on
           lain menyetujui perubahan Anggaran Dasar                            22 December 2025, with decisions including
           Perseroan dalam rangka penyesuaian dengan                           approving amendments to the Company's Articles
           peraturan perundang-undangan dan kebijakan                          of Association in order to adjust to laws and
           antara lain (a) Undang-Undang Nomor 19 Tahun                        regulations and policies, including (a) Law Number
           2003 tentang Badan Usaha Milik Negara                               19 of 2003 concerning State-Owned Enterprises as
           sebagaimana diubah terakhir dengan Undang                           last amended by Law Number 16 of 2025
           Undang Nomor 16 Tahun 2025 tentang                                  concerning the Fourth Amendment to Law Number
           Perubahan keempat atas Undang-Undang Nomor                          19 of 2003 regarding State-Owned Enterprises, and
           19 Tahun 2003 tentang Badan Usaha Milik Negara                      (b) Financial Services Authority Regulation Number
           dan (b) Peraturan Otoritas Jasa Keuangan Nomor                      2 of 2024 regarding the Implementation of Sharia
           2 Tahun 2024 mengenai Penerapan Tata Kelola                         Governance for Sharia Commercial Banks and
           Syariah Bagi Bank Umum Syariah dan Unit Usaha                       Sharia Business Units along with its implementing
           Syariah berikut peraturan pelaksanaannya.                           regulations.

           Bank Mandiri (Europe) Limited (“BMEL”) didirikan                    Bank Mandiri (Europe) Limited (“BMEL”) was
           dan berkedudukan di London, Inggris pada                            established and domiciled in London, United
           tanggal 22 Juni 1999 berdasarkan “The                               Kingdom on 22 June 1999 based on “The
           Companies Act 1985 of the United Kingdom”.                          Companies Act 1985 of the United Kingdom”. BMEL
           BMEL didirikan melalui konversi dari Bank Exim                      was established through the conversion of the
           cabang London menjadi Entitas Anak yang dimiliki                    London branch of Bank Exim into a wholly owned
           penuh oleh Bank Mandiri dan efektif beroperasi                      Subsidiary of Bank Mandiri and has been operating
           sejak tanggal 31 Juli 1999.                                         effectively since 31 July 1999.

           Sebagai Entitas Anak yang memiliki lisensi Bank                     As a Subsidiary that has a Commercial Bank license
           Komersial di United Kingdom, BMEL disupervisi                       in the United Kingdom, BMEL is supervised by the
           oleh Prudential Regulation Authority (“PRA”) dan                    Prudential Regulation Authority (“PRA”) and The
           Financial Conduct Authority (“FCA”) di bawah                        Financial Conduct Authority (“FCA”), which are
           naungan Bank of England serta HM Treasury of                        under the supervision of the Bank of England and
           the United Kingdom.                                                 HM Treasury of the United Kingdom.

           PT Mandiri Sekuritas                                                PT Mandiri Sekuritas

           PT Mandiri Sekuritas (”Mandiri Sekuritas”), dahulu                  PT Mandiri Sekuritas ("Mandiri Sekuritas"), formerly
           bernama PT Merincorp Securities Indonesia                           known as PT Merincorp Securities Indonesia
           (“MSI”),    didirikan      berdasarkan        Akta                  ("MSI"),     incorporated        under         Deed
           No. 1 tanggal 2 Desember 1991 yang dibuat di                        No. 1 dated 2 December 1991 of notary Sutjipto,
           hadapan notaris Sutjipto, S.H.                                      S.H.




                                                                38
Page 1053
                                                                                           The original consolidated financial statements
                                                                                         included herein are in the Indonesian language.

            PT BANK MANDIRI (PERSERO) Tbk                                         PT BANK MANDIRI (PERSERO) Tbk
                DAN ENTITAS ANAKNYA                                                     AND ITS SUBSIDIARIES
          CATATAN ATAS LAPORAN KEUANGAN                                            NOTES TO THE CONSOLIDATED
                     KONSOLIDASIAN                                                     FINANCIAL STATEMENTS
           Tanggal 31 Desember 2025 dan untuk                                       As of 31 December 2025 and for
          Tahun Berakhir pada Tanggal Tersebut                                         for the Year Then Ended
             (Disajikan dalam jutaan Rupiah,                                       (Expressed in millions of Rupiah,
                 kecuali dinyatakan lain)                                              unless otherwise stated)

1.   INFORMASI UMUM (lanjutan)                                       1.   GENERAL INFORMATION (continued)

     g.    Entitas Anak (lanjutan)                                        g.   Subsidiaries (continued)

           PT Mandiri Sekuritas (lanjutan)                                     PT Mandiri Sekuritas (continued)

           Mandiri Sekuritas merupakan hasil penggabungan                      Mandiri Sekuritas is the result of the merger of PT
           usaha PT Bumi Daya Sekuritas (“BDS”), PT Exim                       Bumi        Daya          Sekuritas        ("BDS"),
           Sekuritas (“ES”) dan PT Merincorp Securities                        PT Exim Sekuritas ("ES") and PT Merincorp
           Indonesia (“MSI”) yang ditempuh dengan cara                         Securities  Indonesia      ("MSI")     which   was
           meleburkan BDS dan ES ke dalam MSI.                                 accomplished by merging BDS and ES into MSI.

           MSI memperoleh izin usaha sebagai perantara                         MSI obtained a license as a securities portfolio
           perdagangan portofolio efek dan penjamin                            broker and underwriter of the securities portfolio
           emisi     portofolio efek dari Ketua Badan                          from the Chairman of the Capital Market and
           Pengawas       Pasar   Modal   dan     Lembaga                      Financial    Institutions   Supervisory      Agency
           Keuangan (“Bapepam dan LK”) berdasarkan                             ("Bapepam and LK") by its decree letter
           Surat Keputusan No. KEP-12/PM/1992 dan                              No. KEP-12/PM/1992 and No. KEP-13/PM/1992
           No. KEP-13/PM/1992 dan memulai kegiatan                             and started its operational activities on
           operasionalnya pada tanggal 23 Januari 1992.                        23 January 1992. The merger was based on the
           Penggabungan usaha tersebut berdasarkan Akta                        Deed No. 116 dated 31 July 2000 of notary
           No. 116 tanggal 31 Juli 2000 yang dibuat di                         Ny. Vita Buena, S.H., which was approved by the
           hadapan notaris Ny. Vita Buena, S.H., yang telah                    Minister of Law and Legislation of the Republic of
           disetujui oleh Menteri Hukum dan Perundang-                         Indonesia on 25 August 2000 by Decree
           undangan Republik Indonesia pada tanggal                            No. C-18762.HT.01.04-TH.2000 and business
           25 Agustus 2000 berdasarkan Surat Keputusan                         permits obtained previously by MSI can still be used
           No. C-18762.HT.01.04-TH.2000 dan izin usaha                         by PT Mandiri Sekuritas.
           yang diperoleh MSI sebelumnya masih bisa tetap
           digunakan oleh PT Mandiri Sekuritas.

           PT Mandiri Sekuritas memiliki 99,93% dari total                     PT Mandiri Sekuritas owns 99.93% of total shares
           saham PT Mandiri Manajemen Investasi, Entitas                       of PT Mandiri Manajemen Investasi, a Subsidiary
           Anak yang didirikan tanggal 26 Oktober 2004 dan                     that was established on 26 October 2004 and
           bergerak di bidang manajemen dan penasihat                          engaged in investment management and advisory.
           investasi. Mandiri Sekuritas juga memiliki 100%                     Mandiri Sekuritas also owns 100% of the total
           dari total saham Mandiri Securities Pte. Ltd.,                      shares of Mandiri Securities Pte. Ltd., a company
           perusahaan yang memperoleh lisensi layanan                          which obtained a capital market service license for
           pasar modal untuk jenis usaha “Dealing in                           the business type "Dealing in Securities and
           Securities and Advising Corporate Finance and                       Advising Corporate Finance and Monetary Authority
           Monetary Authority of Singapore” berdasarkan                        of     Singapore"       based      on       license
           lisensi     No.       CMS100566-1        tanggal                    No. CMS100566-1 dated 10 November 2016.
           10 November 2016.

           Pada tanggal 28 Desember 2012, Bank Mandiri                         On 28 December 2012, Bank Mandiri increased its
           melakukan penambahan penyertaan modal dalam                         capital investment in form of cash at Mandiri
           bentuk tunai pada Mandiri Sekuritas, sebesar                        Sekuritas, amounted to Rp29,512. Bank Mandiri
           Rp29.512. Bank Mandiri telah memperoleh                             obtained approval from Bank Indonesia through its
           persetujuan dari Bank Indonesia melalui surat                       letter dated 31 October 2012 and the circular
           tertanggal 31 Oktober 2012 dan Keputusan                            resolution of shareholders dated 27 December 2012
           Pemegang Saham Di Luar Rapat (circular                              for the capital investment increment.
           resolution) tertanggal 27 Desember 2012 atas
           penambahan penyertaan modal tersebut.

           Setelah      dilaksanakannya        penambahan                      After the execution of the additional capital
           penyertaan modal tersebut, porsi kepemilikan                        investment, the Bank's ownership at Mandiri
           Bank Mandiri pada Mandiri Sekuritas meningkat                       Sekuritas increased from 95.69% to 99.99% of the
           dari 95,69% menjadi 99,99% dari total seluruh                       total shares issued by Mandiri Sekuritas. Mandiri
           saham yang telah dikeluarkan Mandiri Sekuritas.                     Sekuritas is domiciled at Menara Mandiri 1, Jalan
           Mandiri Sekuritas berdomisili di Menara Mandiri 1,                  Jenderal Sudirman Kav. 54-55, Jakarta.
           Jalan Jenderal Sudirman Kav. 54-55, Jakarta.




                                                                39
Page 1054
                                                                                            The original consolidated financial statements
                                                                                          included herein are in the Indonesian language.

            PT BANK MANDIRI (PERSERO) Tbk                                          PT BANK MANDIRI (PERSERO) Tbk
                DAN ENTITAS ANAKNYA                                                      AND ITS SUBSIDIARIES
          CATATAN ATAS LAPORAN KEUANGAN                                             NOTES TO THE CONSOLIDATED
                     KONSOLIDASIAN                                                      FINANCIAL STATEMENTS
           Tanggal 31 Desember 2025 dan untuk                                        As of 31 December 2025 and for
          Tahun Berakhir pada Tanggal Tersebut                                          for the Year Then Ended
             (Disajikan dalam jutaan Rupiah,                                        (Expressed in millions of Rupiah,
                 kecuali dinyatakan lain)                                               unless otherwise stated)

1.   INFORMASI UMUM (lanjutan)                                        1.   GENERAL INFORMATION (continued)

     g.    Entitas Anak (lanjutan)                                         g.   Subsidiaries (continued)

           PT Bank Mandiri Taspen                                               PT Bank Mandiri Taspen

           PT Bank Sinar Harapan Bali (“BSHB”) didirikan                        PT Bank Sinar Harapan Bali ("BSHB") was
           sebagai     Bank    Pasar    pada    tanggal                         established as the Micro Banking on 23 February
           23 Februari 1970 dengan nama MAI Bank Pasar                          1970 under the name MAI Bank Pasar Sinar
           Sinar Harapan Bali.                                                  Harapan Bali.

           Selanjutnya, pada tanggal 3 November 1992,                           Subsequently, on 3 November 1992, BSHB
           BSHB mengalami perubahan bentuk badan                                transformed into Limited Liability Company based
           hukum menjadi Perseroan Terbatas berdasarkan                         on Deed No. 4 by notary Ida Bagus Alit Sudiatmika,
           Akta No. 4 yang dibuat di hadapan Ida Bagus Alit                     S.H., notary in Denpasar and obtained a business
           Sudiatmika, S.H., notaris di Denpasar dan                            license as a Commercial Bank under the decree
           memperoleh izin usaha sebagai Bank Umum                              letter of the Minister of Finance of the Republic of
           berdasarkan surat keputusan Menteri Keuangan                         Indonesia No. 77/KMK.017/1994 dated 10 March
           Republik Indonesia No. 77/KMK.017/1994 tanggal                       1994.
           10 Maret 1994.

           Pada tanggal 3 Mei 2008, dilangsungkan                               On 3 May 2008, shareholders of BSHB and Bank
           penandatanganan Akta Akuisisi antara pemegang                        Mandiri signed the acquisition deed as stated in the
           saham BSHB dan Bank Mandiri, sebagaimana                             Acquisition Deed No. 4 dated 3 May 2008 of notary
           tertuang dalam Akta Akuisisi No. 4 tanggal 3 Mei                     I Wayan Sugitha, S.H., notary in Denpasar. The
           2008 dibuat oleh I Wayan Sugitha, S.H., Notaris di                   signing of the Acquisition deed is the beginning of
           Denpasar. Penandatanganan Akta Akuisisi ini                          Bank Mandiri's ownership of 80.00% BSHB shares,
           menandai awal kepemilikan Bank Mandiri atas                          wherein the management of BSHB will be carried
           80,00% saham BSHB, dimana selanjutnya                                out separately from Bank Mandiri as a stand-alone
           pengelolaan BSHB akan dilakukan secara                               bank with the main focus on developing Micro and
           terpisah dari Bank Mandiri sebagai bank yang                         Small Businesses.
           tetap berdiri sendiri (stand-alone bank) dengan
           fokus utama pada pengembangan bisnis Mikro
           dan Usaha Kecil.

           Pada tanggal 24 Juli 2015, OJK telah menyetujui                      On 24 July 2015, the FSA has approved the name
           perubahan nama PT Bank Sinar Harapan Bali                            changes of PT Bank Sinar Harapan Bali to
           menjadi PT Bank Mandiri Taspen Pos dan                               PT Bank Mandiri Taspen Pos and given permission
           memberikan izin untuk melakukan kegiatan usaha                       to conduct business under the name of Bank
           dengan nama Bank Mantap. Perubahan nama                              Mantap. Name and logo changes approved by FSA
           disertai pula izin perubahan logo dari OJK pada                      on 31 July 2015 and announced to public on
           tanggal 31 Juli 2015. Perubahan nama dan logo                        7 August 2015.
           tersebut telah diumumkan kepada publik pada
           tanggal 7 Agustus 2015.

           Pada tanggal 9 Oktober 2017, Bank Mandiri                            On 9 October 2017, Bank Mandiri Taspen Pos held
           Taspen Pos mengadakan RUPS-LB yang                                   an Extraordinary General Meeting of Shareholders
           menyetujui perubahan komposisi pemegang                              which approved the changes in the composition of
           saham dan perubahan nama dari semula                                 shareholders and the changes of name from
           bernama PT Bank Mandiri Taspen Pos menjadi                           PT Bank Mandiri Taspen Pos to PT Bank Mandiri
           PT Bank Mandiri Taspen (“Bank Mantap”).                              Taspen (“Bank Mantap”).

           Untuk menguatkan ekspansi usaha dan menjadi                          To expand the business and become National Bank
           Bank Nasional yang memiliki jaringan usaha di                        that have branches in all over Indonesia, based on
           seluruh pelosok Indonesia, berdasarkan Akta                          Deed of General Meeting of Shareholders Decision
           Keputusan Rapat Umum Pemegang Saham                                  No. 53 dated 31 October 2016 of notary I Gusti
           No. 53 tanggal 31 Oktober 2016 dari notaris I Gusti                  Ngurah Putra Wijaya, S.H., notary in Denpasar as
           Ngurah Putra Wijaya, S.H., notaris di Denpasar,                      affirmed by Meeting Affirmation Decision
           yang mana kemudian ditegaskan dengan                                 No. 7 dated 5 March 2019 regarding Transfer of
           Penegasan Keputusan Rapat No. 7 tanggal                              Bank’s Head Office Location.
           5 Maret 2019 mengenai Pemindahan Kedudukan
           Kantor Pusat Bank.


                                                                 40
Page 1055
                                                                                           The original consolidated financial statements
                                                                                         included herein are in the Indonesian language.

            PT BANK MANDIRI (PERSERO) Tbk                                         PT BANK MANDIRI (PERSERO) Tbk
                DAN ENTITAS ANAKNYA                                                     AND ITS SUBSIDIARIES
          CATATAN ATAS LAPORAN KEUANGAN                                            NOTES TO THE CONSOLIDATED
                     KONSOLIDASIAN                                                     FINANCIAL STATEMENTS
           Tanggal 31 Desember 2025 dan untuk                                       As of 31 December 2025 and for
          Tahun Berakhir pada Tanggal Tersebut                                         for the Year Then Ended
             (Disajikan dalam jutaan Rupiah,                                       (Expressed in millions of Rupiah,
                 kecuali dinyatakan lain)                                              unless otherwise stated)

1.   INFORMASI UMUM (lanjutan)                                       1.   GENERAL INFORMATION (continued)
     g.    Entitas Anak (lanjutan)                                        g.   Subsidiaries (continued)
           PT Bank Mandiri Taspen (lanjutan)                                   PT Bank Mandiri Taspen (continued)
           Akta perubahan tersebut telah dilaporkan kepada                     The Deed has been submitted to Ministry of Law
           Menteri Hukum dan Hak Asasi Manusia Republik                        and Human Right of Republic of Indonesia as stated
           Indonesia sebagaimana surat penerimaan                              on notification acceptance letter of the change of the
           pemberitahuan perubahan data Perseroan                              Company’s Information dated 11 March 2019
           tertanggal 11 Maret 2019 No. AHU-AH.01.03-                          No. AHU-AH.01.03.-138220 and registered on the
           138220 dan telah didaftarkan pada daftar                            Company register No. AHU-0039461.AH.01.11
           Perseroan No. AHU-0039461.AH.01.11 Tahun                            Year 2019 dated 11 March 2019.
           2019 tanggal 11 Maret 2019.
           Perubahan Anggaran Dasar tersebut juga telah                        The Change of Bank’s Article of Association has
           disetujui berdasarkan Keputusan Menteri Hukum                       also been approved based on the Decree of Ministry
           dan Hak Asasi Manusia Republik Indonesia                            of Law and Human Right of Republic Indonesia No.
           No. AHU-0012925.AH.01.02 Tahun 2019 tentang                         AHU-0012925.AH.01.02 Year 2019 regarding
           Persetujuan     Perubahan     Anggaran     Dasar                    Approval of Amendments to the Article of
           Perseroan Terbatas PT Bank Mandiri Taspen                           Association of PT Bank Mandiri Taspen and has
           serta telah mendapat persetujuan dari Otoritas                      received approval from FSA No. S-5/PB.1/2019
           Jasa Keuangan No. S-5/PB.1/2019 tanggal                             dated 28 January 2019 regarding Separation and
           28 Januari 2019 tentang Rencana Pemisahan dan                       Transfer of Head Office Location Plan, Bank
           Pemindahan Alamat Kantor Pusat (“KP”), Bank                         Mantap transfered their Head Office from
           Mantap memindahkan Kantor Pusatnya yang                             Denpasar-Bali to Central Jakarta. The head office
           semula berkedudukan dan berkantor pusat di                          relocation was then carried out effectively on
           Denpasar-Bali menjadi berkedudukan dan                              11 March 2019.
           berkantor pusat di Jakarta Pusat. Perpindahan
           kantor pusat tersebut kemudian dilaksanakan
           secara efektif pada tanggal 11 Maret 2019.
           Berdasarkan Keputusan Sirkuler Pemegang                             Based on Circular Decision of Shareholder
           Saham PT Bank Mandiri Taspen tanggal                                PT Bank Mandiri Taspen dated 16 December 2020
           16 Desember 2020 sebagaimana telah                                  as stated on Deed of General Meeting of
           dituangkan dalam Akta Pernyataan Keputusan                          Shareholders Resolutions Statement No. 41 dated
           Rapat No. 41 tanggal 28 Desember 2020,                              28 December 2020, the ownership of Bank Mandiri
           komposisi kepemilikan saham Bank Mandiri di                         in Bank Mantap become 51.098%, PT Taspen
           Bank Mantap menjadi 51,098%, dan saham                              (Persero) became 48.437%, and individual
           PT Taspen (Persero) menjadi 48,437% serta                           ownership became 0.465%. The change in the
           pemegang saham individual menjadi 0,465%.                           composition of share ownership has been effective
           Perubahan komposisi kepemilikan saham                               since 13 January 2021 with the approval and receipt
           tersebut berlaku efektif sejak tanggal 13 Januari                   of notification of the changes to the Article of
           2021 dengan didapatkannya persetujuan dan                           Association of PT Bank Mandiri Taspen from
           penerimaan pemberitahuan perubahan Anggaran                         Ministry Law and Human Rights regarding the
           Dasar PT Bank Mandiri Taspen dari Kementerian                       changes in authorised capital, issued capital and
           Hukum dan Hak Asasi Manusia terkait perubahan                       paid-in in capital, and from administrative
           modal dasar, modal ditempatkan dan modal                            perspective, by reporting to FSA about the Change
           disetor, serta dari sisi administratif dengan                       of the Shareholder Composition.
           dilakukannya laporan perubahan komposisi
           permodalan ke Otoritas Jasa Keuangan.
           Sebelum tanggal 1 Januari 2011, goodwill yang                       Prior to 1 January 2011, goodwill arising from the
           timbul dari akuisisi PT Bank Mandiri Taspen                         acquisition of PT Bank Mandiri Taspen amounted to
           sebesar      Rp19.219      diamortisasi    dengan                   Rp19,219 was amortised using the straight-line
           menggunakan metode garis lurus selama 5 (lima)                      method over 5 (five) years with the consideration of
           tahun dengan pertimbangan atas estimasi                             estimation of economic benefits of the goodwill.
           manfaat ekonomis atas goodwill tersebut. Efektif                    Effective on 1 January 2011, in accordance with
           tanggal       1      Januari     2011,      sesuai                  SFAS 103, “Business Combinations”, goodwill is not
           PSAK 103, “Kombinasi Bisnis”, goodwill tidak                        amortised but tested for impairment annually. Bank
           diamortisasi tapi diuji penurunan nilai setiap                      Mandiri periodically evaluates the impairment of
           tahunnya. Bank       Mandiri    secara     berkala                  goodwill in accordance with SFAS 236, “Impairment
           melakukan       evaluasi   terhadap     penurunan                   of Assets” (Note 2r).
           nilai goodwill tersebut   sesuai     PSAK     236
           “Penurunan Nilai Aset” (Catatan 2r).

                                                                41
Page 1056
                                                                                        The original consolidated financial statements
                                                                                      included herein are in the Indonesian language.

            PT BANK MANDIRI (PERSERO) Tbk                                       PT BANK MANDIRI (PERSERO) Tbk
                DAN ENTITAS ANAKNYA                                                   AND ITS SUBSIDIARIES
          CATATAN ATAS LAPORAN KEUANGAN                                          NOTES TO THE CONSOLIDATED
                     KONSOLIDASIAN                                                   FINANCIAL STATEMENTS
           Tanggal 31 Desember 2025 dan untuk                                     As of 31 December 2025 and for
          Tahun Berakhir pada Tanggal Tersebut                                       for the Year Then Ended
             (Disajikan dalam jutaan Rupiah,                                     (Expressed in millions of Rupiah,
                 kecuali dinyatakan lain)                                            unless otherwise stated)

1.   INFORMASI UMUM (lanjutan)                                     1.   GENERAL INFORMATION (continued)

     g.    Entitas Anak (lanjutan)                                      g.   Subsidiaries (continued)
           PT Mandiri Tunas Finance                                          PT Mandiri Tunas Finance

           PT Mandiri Tunas Finance (“MTF”), dahulu                          PT Mandiri Tunas Finance (“MTF”), formerly
           PT Tunas Financindo Corporation (“TFC”) adalah                    PT Tunas Financindo Corporation (“TFC”) is a
           perusahaan yang bergerak dalam kegiatan                           company that engaged in consumer financing
           pembiayaan konsumen.                                              activities.
           TFC didirikan berdasarkan Akta Notaris Misahardi                  TFC was established based on Notarial Deed of
           Wilamarta, S.H., No. 262 tanggal 17 Mei 1989 dan                  Misahardi Wilamarta, S.H., No. 262 dated 17 May
           disahkan oleh Menteri Kehakiman dalam Surat                       1989 and approved by the Ministry of Justice
           Keputusan No. C2-4868.HT.01.01.TH.89 tanggal                      through         its        Decision         Letter
           1 Juni 1989 serta diumumkan dalam Lembaran                        No. C2-4868.HT.01.01.TH.89 dated 1 June 1989
           Berita Negara No. 57, Tambahan No. 1369                           and published in State Gazette No. 57, Supplement
           tanggal 18 Juli 1989. Kegiatan komersial TFC                      No. 1369 dated 18 July 1989. TFC commenced its
           dimulai tahun 1989. TFC memperoleh izin usaha                     commercial activities in 1989. TFC obtained a
           sebagai perusahaan pembiayaan dalam bidang                        business license to operate as leasing, factoring
           sewa menyewa biasa, anjak piutang dan                             and consumer financing company from Minister of
           pembiayaan konsumen dari Menteri Keuangan                         Finance    based     on   its   Decision    Letter
           berdasarkan            Surat          Keputusan                   No. 1021/KMK.013/1989 dated 7 September 1989,
           No. 1021/KMK.013/1989 tanggal 7 September                         No. 54/KMK.013/1992 dated 15 January 1992.
           1989, No. 54/KMK.013/1992 tanggal 15 Januari
           1992.

           Pada tahun 2000 PT Tunas Financindo                               In 2000, PT Tunas Financindo Corporation (TFC)
           Corporation (TFC) telah berubah nama menjadi                      changed its name to PT Tunas Financindo Sarana
           PT Tunas Financindo Sarana (TFS) berdasarkan                      (TFS) based on Notarial Deed of Adam
           Akta Notaris Adam Kasdarmadji, S.H., No. 49                       Kasdarmadji, S.H No. 49 dated 18 August 2000 and
           tanggal 18 Agustus 2000 dan disahkan oleh                         was approved by the Minister of Law and Legislation
           Menteri Hukum dan Perundang-Undangan dalam                        under Decree No. C-21195 HT.01.04.TH.2000
           Surat Keputusan No. C-21195 HT.01.04.TH.2000                      dated 22 September 2000. TFC obtained a
           tanggal 22 September 2000. TFC memperoleh izin                    business license to conduct leasing, factoring, and
           usaha untuk melakukan kegiatan sewa guna                          consumer financing activities from the Minister of
           usaha,     ajak  piutang    dan   pembiayaan                      Finance     based    on    its   Decision     Letter
           konsumendari Menteri Keuangan berdasarkan                         No. 19/KMK.017/2001 dated 19 January 2001.
           Surat Keputusan No. 19/KMK.017/2001 tanggal
           19 Januari 2001.
           Sesuai        dengan        Akta        Notaris                   Based on Notarial Deed of Dr. A. Partomuan Pohan,
           Dr. A. Partomuan Pohan, S.H., LLM pada tanggal                    S.H., LLM, dated 6 February 2009, entered into and
           6 Februari 2009, dilakukan penandatanganan                        signed a sales and purchase agreement with TFS’s
           Akta Jual Beli antara pemegang saham TFS                          shareholders (PT Tunas Ridean Tbk and PT Tunas
           (PT Tunas Ridean Tbk dan PT Tunas Mobilindo                       Mobilindo Parama) and Bank Mandiri to acquire
           Parama) dengan Bank Mandiri, dimana Bank                          51.00% ownership of TFS through purchase of
           Mandiri mengakuisisi 51,00% kepemilikan saham                     1,275,000,000 shares of TFS (the nominal value of
           atas TFS melalui pembelian 1.275.000.000                          Rp100 (full amount)) per share amounted to
           lembar saham TFS (nilai nominal Rp100 (nilai                      Rp290,000.
           penuh)) per lembar saham dengan harga
           Rp290.000.

           Pengalihan 51,00% kepemilikan TFS kepada                          The acquisition of 51.00% of TFS shares ownership
           Bank Mandiri ini telah disahkan dalam RUPS-LB                     by Bank Mandiri was approved in the Extraordinary
           TFS sebagaimana tertuang dalam Berita Acara                       General meeting of Shareholders Meeting of TFS as
           RUPS-LB No. 8 tanggal 6 Februari 2009 dan telah                   stated in the Minutes of Extraordinary General
           dicatatkan dalam Sistem Administrasi Badan                        meeting of Shareholders’ No. 8 dated 6 February
           Hukum Kementerian Hukum dan Hak Asasi                             2009 and listed in Legal Entity Administration
           Manusia sebagaimana ditegaskan melalui Surat                      System of Ministry of Law and Human Rights as
           Kementerian Hukum dan Hak Asasi Manusia                           affirmed by the Ministry of Law and Human Rights
           No. AHU-AH.01.10-01575 tertanggal 11 Maret                        through its Letter No. AHU-AH.01.10-01575 dated
           2009.                                                             11 March 2009.


                                                              42
Page 1057
                                                                                          The original consolidated financial statements
                                                                                        included herein are in the Indonesian language.

            PT BANK MANDIRI (PERSERO) Tbk                                        PT BANK MANDIRI (PERSERO) Tbk
                DAN ENTITAS ANAKNYA                                                    AND ITS SUBSIDIARIES
          CATATAN ATAS LAPORAN KEUANGAN                                           NOTES TO THE CONSOLIDATED
                     KONSOLIDASIAN                                                    FINANCIAL STATEMENTS
           Tanggal 31 Desember 2025 dan untuk                                      As of 31 December 2025 and for
          Tahun Berakhir pada Tanggal Tersebut                                        for the Year Then Ended
             (Disajikan dalam jutaan Rupiah,                                      (Expressed in millions of Rupiah,
                 kecuali dinyatakan lain)                                             unless otherwise stated)

1.   INFORMASI UMUM (lanjutan)                                      1.   GENERAL INFORMATION (continued)

     g.    Entitas Anak (lanjutan)                                       g.   Subsidiaries (continued)

           PT Mandiri Tunas Finance (lanjutan)                                PT Mandiri Tunas Finance (continued)

           Akuisisi ini juga telah disetujui oleh Bank                        This acquisition had been approved by Bank
           Indonesia melalui Keputusan Gubernur Bank                          Indonesia through the Decree of the Governor of
           Indonesia No. 11/3/DPB1/TPB1-1 tertanggal                          Bank Indonesia No. 11/3/DPB1/TPB1-1 dated
           8 Januari 2009.                                                    8 January 2009.
           Perubahan nama TFS menjadi MTF dilaksanakan                        The amendment of the TFS’ name to become MTF
           pada tanggal 26 Juni 2009, sesuai Akta                             was undertaken on 26 June 2009, in accordance
           Pernyataan Keputusan Rapat PT Tunas                                with a Deed of Resolution of Meeting Decision of
           Financindo Sarana No. 181 tanggal 26 Juni 2009                     PT Tunas Financindo Sarana No. 181 dated
           yang ditandatangani oleh notaris Dr. Irawan                        26 June 2009, notarised by notary Dr. Irawan
           Soerodjo, S.H., M.Si dan telah disahkan oleh                       Soerodjo, S.H., M.Si and the articles of Association
           Menteri Hukum dan Hak Asasi Manusia Republik                       was approved by the Ministry of Law and Human
           Indonesia dalam Surat Keputusan No. AHU-                           Rights Republic of Indonesia in its Decision Letter
           40506.AH.01.02.Tahun 2009 pada tanggal                             No. AHU-40506.AH.01.02.Tahun 2009 dated
           20 Agustus 2009 dan MTF telah memperoleh izin                      20 August 2009 and MTF has obtained a business
           usaha sebagai perusahaan pembiayaan dalam                          license to operate as leasing, factoring, and
           bidang sewa guna usaha, anjak piutang, dan                         consumer financing company from Ministry of
           pembiayaan konsumen dari Menteri Keuangan                          Finance in its Decision Letter No. KEP-
           berdasarkan Surat Keputusan Menteri Keuangan                       352/KM.10/2009 dated on 29 September 2009.
           No. KEP-352/KM.10/2009 tanggal 29 September                        MTF is domiciled in Graha Mandiri, Jalan Imam
           2009. MTF berdomisili di Graha Mandiri, Jalan                      Bonjol No. 61, Central Jakarta 10310.
           Imam Bonjol No. 61, Jakarta Pusat 10310.

           Mandiri International Remittance Sendirian                         Mandiri   International     Remittance       Sendirian
           Berhad                                                             Berhad

           Mandiri International Remittance Sendirian                         Mandiri International Remittance Sendirian Berhad
           Berhad (“MIR”) merupakan Entitas Anak yang                         (“MIR”), a wholly owned Subsidiary of Bank Mandiri
           seluruh sahamnya dimiliki oleh Bank Mandiri dan                    and became a Malaysian legal entity since 17 March
           menjadi badan hukum Malaysia sejak tanggal                         2009 based on registration No. 850077-P. MIR is
           17 Maret 2009 dengan registrasi No. 850077-P.                      engaged in money remittance service under the
           MIR merupakan perusahaan penyedia jasa                             regulations of the Bank Negara Malaysia (“BNM”).
           pengiriman uang (remittances) di bawah
           ketentuan Bank Negara Malaysia (“BNM”).

           MIR telah mendapat persetujuan dari Bank                           MIR has obtained an approval from Bank Indonesia
           Indonesia (“BI”) melalui surat No. 10/548/DPB1                     (“BI”) through letter No. 10/548/DPB1 dated
           tanggal 14 November 2008 dan persetujuan dari                      14 November 2008 and approval from BNM to
           BNM untuk melakukan kegiatan operasional                           conduct operational activities through its letter No.
           melalui surat No. KL.EC.150/1/8562 tanggal                         KL.EC.150/1/8562 dated 18 November 2009. MIR
           18 November 2009. Pembukaan kantor MIR                             officially commenced         its   operations      on
           dilakukan pada tanggal 29 November 2009 yang                       29 November 2009 and is currently located in
           berlokasi di Wisma MEPRO, Kuala Lumpur,                            Wisma MEPRO, Kuala Lumpur, Malaysia. MIR has
           Malaysia. MIR telah memiliki 8 cabang di Malaysia                  8 branches around Malaysia and could provide
           dan telah dapat melayani kiriman uang ke 9                         remittance service to 9 (nine) countries which are
           (sembilan) negara, yaitu Indonesia, Filipina,                      Indonesia, Philippines, Thailand, Singapore, India,
           Thailand, Singapura, India, Nepal, Pakistan,                       Nepal, Pakistan, Bangladesh and Vietnam.
           Bangladesh, dan Vietnam.




                                                               43
Page 1058
                                                                                          The original consolidated financial statements
                                                                                        included herein are in the Indonesian language.

            PT BANK MANDIRI (PERSERO) Tbk                                        PT BANK MANDIRI (PERSERO) Tbk
                DAN ENTITAS ANAKNYA                                                    AND ITS SUBSIDIARIES
          CATATAN ATAS LAPORAN KEUANGAN                                           NOTES TO THE CONSOLIDATED
                     KONSOLIDASIAN                                                    FINANCIAL STATEMENTS
           Tanggal 31 Desember 2025 dan untuk                                      As of 31 December 2025 and for
          Tahun Berakhir pada Tanggal Tersebut                                        for the Year Then Ended
             (Disajikan dalam jutaan Rupiah,                                      (Expressed in millions of Rupiah,
                 kecuali dinyatakan lain)                                             unless otherwise stated)

1.   INFORMASI UMUM (lanjutan)                                      1.   GENERAL INFORMATION (continued)

     g.    Entitas Anak (lanjutan)                                       g.   Subsidiaries (continued)

           PT AXA Mandiri Financial Services                                  PT AXA Mandiri Financial Services

           PT AXA Mandiri Financial Services ("AXA                            PT AXA Mandiri Financial Services (“AXA Mandiri”)
           Mandiri") merupakan perusahaan joint venture                       is a joint venture company between PT Bank
           antara PT Bank Mandiri (Persero) Tbk (“Bank                        Mandiri (Persero) Tbk (“Bank Mandiri”) and National
           Mandiri”) dengan National Mutual International                     Mutual International Pty. Limited (“NMI”) that is
           Pty. Limited (“NMI”) yang bergerak di bidang                       engaged in life insurance. AXA Mandiri was
           asuransi jiwa. AXA Mandiri didirikan dengan nama                   formerly established under the name of
           PT Asuransi     Jiwa  Staco       Raharja    pada                  PT Asuransi Jiwa Staco Raharja on 30 September
           30 September 1991 dengan Akta Notaris Muhani                       1991 by Notarial Deed No. 179 of Muhani
           Salim, S.H., No. 179.                                              Salim, S.H.

           Akta pendirian disetujui oleh Menteri Kehakiman                    The deed of establishment was approved by the
           Republik       Indonesia       melalui     surat                   Minister of Justice of the Republic of Indonesia
           No.        C2-6144.HT.01.01.TH.91        tanggal                   through its letter No. C2-6144.HT.01.01.TH.91
           28 Oktober 1991. Entitas Anak mendapatkan ijin                     dated 28 October 1991. The Subsidiary obtained its
           usaha asuransi jiwa melalui Surat Keputusan                        life insurance license through General Directorate of
           Direktorat    Jenderal    Lembaga      Keuangan                    Finance          Institution    Decision       Letter
           No. KEP.605/KM.13/1991 tentang Pemberian Izin                      No. KEP.605/KM.13/1991 regarding Granting of
           Usaha Asuransi Jiwa Nasional dan memulai                           National Life Insurance Business License and
           kegiatan     operasionalnya     pada     tanggal                   officially commenced its operations activities on
           4 Desember 1991.                                                   4 December 1991.

           Nama Entitas Anak lalu berubah menjadi                             The Subsidiary’s name was then changed to
           PT Asuransi Jiwa Mandiri dan selanjutnya                           PT Asuransi Jiwa Mandiri and subsequently
           berubah menjadi PT AXA Mandiri Financial                           changed to PT AXA Mandiri Financial Services.
           Services.

           Perubahan ini disetujui oleh Menteri Kehakiman                     This change was approved by the Ministry of Justice
           dan Hak Asasi Manusia dalam surat                                  and Human Rights in its Decision Letter No. C-
           No. C-28747.HT.01.04.TH.2003 pada tanggal                          28747.HT.01.04.TH.2003 dated 10 December
           10 Desember 2003 dan diumumkan pada                                2003, and was published in State Gazette of the
           Lembaran Berita Negara Republik Indonesia                          Republic of Indonesia No. 64, Supplement No. 7728
           No. 64, Tambahan No. 7728 tanggal 10 Agustus                       dated 10 August 2004 with shareholders
           2004 dengan komposisi pemegang saham NMI                           composition consists of NMI 51.00% and Bank
           sebesar 51,00% dan Bank Mandiri sebesar                            Mandiri amounting to 49.00%.
           49,00%.

           Pada Rapat Umum Pemegang Saham tanggal                             At the General Meeting of Shareholders on
           17 Mei 2010 (dalam pasal 7), pemegang saham                        17 May 2010 (in article 7), Bank Mandiri’s
           Bank Mandiri telah menyetujui pembelian saham                      shareholders approved the purchase of shares by
           oleh Bank Mandiri sebesar 2,00% dari total saham                   Bank Mandiri amounting to 2.00% of the total shares
           yang diterbitkan dan disetor penuh secara                          issued and fully paid up directly from NMI.
           langsung dari NMI.

           Sebelum tanggal 1 Januari 2011, goodwill yang                      Prior to 1 January 2011, goodwill arising from the
           timbul dari akuisisi AXA Mandiri sebesar                           acquisition of AXA Mandiri amounted to Rp40,128
           Rp40.128 diamortisasi dengan menggunakan                           was amortised using the straight-line method over 5
           metode garis lurus selama 5 (lima) tahun dengan                    (five) years with the estimation of economic benefits
           pertimbangan atas estimasi manfaat ekonomis                        of the goodwill. Effective on 1 January 2011, in
           atas goodwill tersebut. Efektif tanggal 1 Januari                  accordance       with     SFAS      103   “Business
           2011,     sesuai      PSAK      103    “Kombinasi                  Combinations”, goodwill is not amortised but tested
           Bisnis”, goodwill tidak diamortisasi tapi diuji                    for impairment annually. Bank Mandiri periodically
           penurunan nilai setiap tahunnya. Bank Mandiri                      evaluates the impairment of goodwill in accordance
           secara berkala melakukan evaluasi terhadap                         with SFAS 236, “Impairment of Assets” (Note 2r).
           penurunan nilai goodwill tersebut sesuai PSAK
           236 “Penurunan Nilai Aset” (Catatan 2r).


                                                               44
Page 1059
                                                                                           The original consolidated financial statements
                                                                                         included herein are in the Indonesian language.

            PT BANK MANDIRI (PERSERO) Tbk                                         PT BANK MANDIRI (PERSERO) Tbk
                DAN ENTITAS ANAKNYA                                                     AND ITS SUBSIDIARIES
          CATATAN ATAS LAPORAN KEUANGAN                                            NOTES TO THE CONSOLIDATED
                     KONSOLIDASIAN                                                     FINANCIAL STATEMENTS
           Tanggal 31 Desember 2025 dan untuk                                       As of 31 December 2025 and for
          Tahun Berakhir pada Tanggal Tersebut                                         for the Year Then Ended
             (Disajikan dalam jutaan Rupiah,                                       (Expressed in millions of Rupiah,
                 kecuali dinyatakan lain)                                              unless otherwise stated)

1.   INFORMASI UMUM (lanjutan)                                       1.   GENERAL INFORMATION (continued)

     g.    Entitas Anak (lanjutan)                                        g.   Subsidiaries (continued)

           PT AXA Mandiri Financial Services (lanjutan)                        PT AXA Mandiri Financial Services (continued)

           Saldo goodwill pada tanggal 31 Desember 2025                        The balance of goodwill on 31 December 2025 and
           dan 2024 adalah sebesar Rp37.194. Kantor Pusat                      2024 amounted to Rp37,194. The Head Office of
           AXA Mandiri terletak di AXA Tower, Jalan Prof. Dr.                  AXA Mandiri is located at AXA Tower, Jalan Prof.
           Satrio Kav. 18, Jakarta Selatan 12940.                              Dr. Satrio Kav. 18, South Jakarta 12940.

           PT Mandiri Utama Finance                                            PT Mandiri Utama Finance

           Pada tanggal 16 April 2014, Bank Mandiri                            On 16 April 2014, Bank Mandiri and PT Asco
           bersama PT Asco Investindo (“ASCO”) dan                             Investindo (“ASCO”) and PT Tunas Ridean
           PT Tunas Ridean (“TURI”), telah menandatangani                      (“TURI”), signed an agreement of preliminary
           perjanjian kesepakatan awal untuk mendirikan                        agreement to set up a financing company to
           sebuah     perusahaan     pembiayaan     untuk                      accelerate Bank Mandiri financing portfolio
           mengakselerasi penyaluran pembiayaan Bank                           distribution, especially in the segment of vehicle
           Mandiri khususnya pada segmen pembiayaan                            financing.
           kendaraan bermotor.

           Pada tanggal 22 Oktober 2014, Bank Mandiri                          On 22 October 2014, Bank Mandiri with ASCO and
           bersama ASCO dan TURI telah menandatangani                          TURI signed a shareholders' agreement for
           perjanjian pemegang saham dimana telah                              establishment of a financing company with an
           disepakati    pendirian   suatu     perusahaan                      authorised capital of Rp400,000 and an ownership
           pembiayaan dengan modal dasar Rp400.000                             composition of the Bank Mandiri (51%), ASCO
           dengan komposisi kepemilikan adalah Bank                            (37%) and TURI (12%). Subsequently, on 23
           Mandiri (51%), ASCO (37%) dan TURI (12%).                           December 2014, in accordance with letter
           Selanjutnya, pada tanggal 23 Desember 2014                          No. S-137/PB.31/2014, Bank Mandiri obtained
           sebagaimana      disebutkan     dalam     surat                     a principle license of equity participation in the new
           No. S-137/PB.31/2014, Bank Mandiri telah                            financing company from Bank Supervision FSA.
           memperoleh izin prinsip penyertaan modal pada
           perusahaan pembiayaan baru tersebut dari OJK
           Pengawasan Bank.

           Akta ini telah disahkan oleh Kementerian Hukum                      The deed was approved by the Ministry of Law and
           dan Hak Asasi Manusia Republik Indonesia dalam                      Human Rights of the Republic of Indonesia in
           Surat Keputusan No. AHU-0003452.AH.01.01                            Decree Letter No. AHU-0003452.AH.01.01 Year
           Tahun 2015 tanggal 26 Januari 2015.                                 2015 dated 26 January 2015.

           Bersamaan dengan penandatanganan akta                               Concurrent with the signing of the deed of
           pendirian tersebut dilakukan penempatan modal                       incorporation, a capital placement of Rp100,000
           sebesar Rp100.000 dan Bank Mandiri juga                             had been done and the Bank also made capital
           melakukan penyetoran modal sebesar Rp51.000                         injection amounted to Rp51,000 as stipulated in the
           sesuai dengan komposisi kepemilikan saham                           Bank’s shareholding composition in PT Mandiri
           Bank Mandiri di PT Mandiri Utama Finance (MUF).                     Utama Finance (MUF).

           Pasca penandatanganan akta pendirian, MUF                           After the signing of the establishment deed, MUF
           menyampaikan       permohonan   izin  usaha                         submitted application of financing company
           perusahaan pembiayaan kepada OJK Industri                           business license to FSA Non-Bank Financial
           Keuangan Non Bank (”OJK IKNB”). Atas                                Industry (“FSA IKNB”). Upon request, the FSA IKNB
           permohonan     tersebut,  OJK   IKNB   telah                        has issued a decree letter of IKNB Board of
           menerbitkan Surat Keputusan Dewan Komisioner                        Commissioners of the FSA No. KEP-81/D.05/2015
           Otoritas Jasa Keuangan No. KEP-81/D.05/2015                         regarding the “Granting Financing Company to
           tentang “Pemberian Izin Usaha Perusahaan                            PT Mandiri Utama Finance” on 25 June 2015
           Pembiayaan kepada PT Mandiri Utama Finance”                         through FSA letter No. SR-3516 /NB.111/2015
           pada tanggal 25 Juni 2015 yang disampaikan                          dated 26 June 2015, regarding “Granting Financing
           melalui surat OJK No. SR-3516/NB.111/2015                           Company Business License to PT Mandiri Utama
           tanggal 26 Juni 2015 perihal “Pemberian Izin                        Finance”.
           Usaha Perusahaan Pembiayaan PT Mandiri
           Utama Finance”.

                                                                45
Page 1060
                                                                                        The original consolidated financial statements
                                                                                      included herein are in the Indonesian language.

            PT BANK MANDIRI (PERSERO) Tbk                                       PT BANK MANDIRI (PERSERO) Tbk
                DAN ENTITAS ANAKNYA                                                   AND ITS SUBSIDIARIES
          CATATAN ATAS LAPORAN KEUANGAN                                          NOTES TO THE CONSOLIDATED
                     KONSOLIDASIAN                                                   FINANCIAL STATEMENTS
           Tanggal 31 Desember 2025 dan untuk                                     As of 31 December 2025 and for
          Tahun Berakhir pada Tanggal Tersebut                                       for the Year Then Ended
             (Disajikan dalam jutaan Rupiah,                                     (Expressed in millions of Rupiah,
                 kecuali dinyatakan lain)                                            unless otherwise stated)

1.   INFORMASI UMUM (lanjutan)                                     1.   GENERAL INFORMATION (continued)

     g.    Entitas Anak (lanjutan)                                      g.   Subsidiaries (continued)

           PT Mandiri Utama Finance (lanjutan)                               PT Mandiri Utama Finance (continued)

           Pada tanggal 24 Agustus 2015, MUF mulai                           On 24 August 2015, MUF has performed the initial
           melaksanakan tahapan kegiatan operasional awal                    operational activities through cooperation with
           melalui kerja sama dengan dealer-dealer dan                       primary dealers and showrooms, as well as vehicle
           showroom-showroom utama serta pencairan                           financing disbursement to limited customers to
           pembiayaan     kendaraan     bermotor    kepada                   meet the requirements of the FSA IKNB, and fully
           nasabah terbatas untuk memenuhi persyaratan                       operated commercially on January 2016 through its
           OJK IKNB, dan pada akhirnya di bulan Januari                      branches which already have operational permit
           2016, MUF telah dapat beroperasi komersial                        from FSA IKNB.
           secara penuh melalui jaringan kantor yang sudah
           mendapatkan izin dari OJK IKNB.

           Pada tanggal 28 Desember 2016, telah dilakukan                    On 28 December 2016, the signing of the deed has
           penandatanganan akta yang dituangkan dalam                        been executed as outlined in Notarial Deed of Utiek
           Akta Notaris Utiek Rochmuljati Abdurachman,                       Rochmuljati Abdurachman, S.H., M.LI., M.Kn.,
           S.H., M.LI., M.Kn., No. 16 tanggal 28 Desember                    No. 16 dated 28 December 2016, and was
           2016, dan telah disahkan oleh Kementerian                         approved by the Ministry of Law and Human Rights
           Hukum dan Hak Asasi Manusia Republik                              of the Republic of Indonesia in Decree letter
           Indonesia dalam Surat Keputusan No. AHU-                          No. AHU-AH.01.03-0113772 Year 2016 dated
           AH.01.03-0113772 Tahun 2016 tanggal 29                            29 December 2016 which approved the increase in
           Desember 2016 dimana menyetujui penambahan                        capital placement by Rp200,000, therefore increase
           penempatan modal sebesar Rp200.000, sehingga                      the issued capital and paid-up capital of MUF
           modal ditempatkan dan modal disetor MUF                           become amounted to Rp300,000.
           menjadi Rp300.000.
           Pada tanggal 11 April 2017, telah dilakukan                       On 11 April 2017, the signing of the deed has been
           penandatanganan akta yang dituangkan dalam                        executed as outlined in Notarial Deed of Ashoya
           Akta Notaris Ashoya Ratam S.H., M.Kn.,                            Ratam S.H., M.Kn., No. 10 dated 11 April 2017 and
           No. 10 tanggal 11 April 2017 dan telah disahkan                   was approved by the Ministry of Law and Human
           oleh Kementerian Hukum dan Hak Asasi Manusia                      Rights of the Republic of Indonesia in Decree letter
           Republik Indonesia dalam Surat Keputusan                          No. AHU-0010397.AH.01.02 Year 2017 dated
           No. AHU-0010397.AH.01.02 Tahun 2017 tanggal                       10 May 2017 which changed the authorised capital
           10 Mei 2017 dimana dilakukan perubahan modal                      to Rp500,000.
           dasar menjadi Rp500.000.
           Pada tanggal 29 Agustus 2017, telah dilakukan                     On 29 August 2017, the signing of the deed has
           penandatanganan akta yang dituangkan dalam                        been executed as outlined in Notarial Deed of
           Akta Notaris Ashoya Ratam S.H., M.Kn., No. 56                     Ashoya Ratam S.H., M.Kn., No. 56 dated
           tanggal 29 Agustus 2017, dan telah disahkan oleh                  29 August 2017, and was approved by the Ministry
           Kementerian Hukum dan Hak Asasi Manusia                           of Law and Human Rights of the Republic of
           Republik Indonesia dalam Surat Keputusan                          Indonesia in Decree Letter No. AHU-AH.01.03-
           No. AHU-AH.01.03-0169081 Tahun 2017 tanggal                       0169081 Year 2017 dated 6 September 2017 which
           6   September     2017    dimana      menyetujui                  approved the increase in capital placement by
           penambahan penempatan modal sebesar                               Rp100,000, therefore increase the issued capital
           Rp100.000, sehingga modal ditempatkan dan                         and paid-up capital of MUF become amounted to
           modal disetor MUF menjadi Rp400.000.                              Rp400,000.
           Pada tanggal 24 November 2017, telah dilakukan                    On 24 November 2017, the signing of the deed has
           penandatanganan akta yang dituangkan dalam                        been executed as outlined in Notarial Deed of
           Akta Notaris Ashoya Ratam S.H., M.Kn., No. 60                     Ashoya Ratam S.H., M.Kn., No. 60 dated
           tanggal 24 November 2017 dan telah disahkan                       24 November 2017, and was approved by the
           oleh Kementerian Hukum dan Hak Asasi Manusia                      Ministry of Law and Human Rights of the Republic
           Republik Indonesia dalam Surat Keputusan                          of Indonesia in Decree Letter No. AHU-AH.01.03-
           No. AHU-AH.01.03-0195073 Tahun 2017 tanggal                       0195073 Year 2017 dated 27 November 2017
           27    November 2017 dimana menyetujui                             Which approved the increase in capital placement
           penambahan penempatan modal sebesar                               by Rp100,000, therefore increase the issued capital
           Rp100.000, sehingga modal ditempatkan dan                         and paid-up capital of MUF become amounted to
           modal disetor MUF secara penuh menjadi                            Rp500,000.
           Rp500.000.
                                                              46
Page 1061
                                                                                        The original consolidated financial statements
                                                                                      included herein are in the Indonesian language.

            PT BANK MANDIRI (PERSERO) Tbk                                        PT BANK MANDIRI (PERSERO) Tbk
                DAN ENTITAS ANAKNYA                                                    AND ITS SUBSIDIARIES
          CATATAN ATAS LAPORAN KEUANGAN                                           NOTES TO THE CONSOLIDATED
                     KONSOLIDASIAN                                                    FINANCIAL STATEMENTS
           Tanggal 31 Desember 2025 dan untuk                                      As of 31 December 2025 and for
          Tahun Berakhir pada Tanggal Tersebut                                        for the Year Then Ended
             (Disajikan dalam jutaan Rupiah,                                      (Expressed in millions of Rupiah,
                 kecuali dinyatakan lain)                                             unless otherwise stated)

1.   INFORMASI UMUM (lanjutan)                                    1.   GENERAL INFORMATION (continued)

     g.    Entitas Anak (lanjutan)                                     g.   Subsidiaries (continued)

           PT Mandiri Utama Finance (lanjutan)                              PT Mandiri Utama Finance (continued)

           Selanjutnya, MUF mengurus izin Unit Usaha                        Furthermore, MUF processed the Sharia Business
           Syariah (“UUS”) ke OJK-IKNB Syariah dan                          Unit (“UUS”) license to FSA-IKNB Sharia and has
           telah memperoleh izin Unit Usaha Syariah                         obtained MUF Sharia Business Unit (“UUS”) license
           (“UUS”) MUF melalui Surat Keputusan Dewan                        through the Decree Letter of the Board of
           Komisioner      Otoritas     Jasa     Keuangan                   Commissioners of the Financial Services Authority
           No. KEP-36/NB.223/2018 tentang “Pemberian Izin                   No. KEP-36/NB.223/2018 regarding “Granting the
           Pembukaan Unit Usaha Syariah Perusahaan                          License of Opening Sharia Business Unit of
           Pembiayaan kepada PT Mandiri Utama Finance”                      Financing Company to PT Mandiri Utama Finance”
           pada tanggal 27 April 2018 yang disampaikan                      dated 27 April 2018 through FSA letter
           melalui surat OJK No. S-626/NB.223/2018 tanggal                  No. S-626/NB.223/2018 dated 15 May 2018
           15 Mei 2018 perihal “Penyampaian Salinan Izin                    regarding to “Transmission of copy of License for
           Pembukaan Unit Usaha Syariah Perusahaan                          Opening Sharia Business Unit of Financing
           Pembiayaan PT Mandiri Utama Finance”. Pada                       Company to PT Mandiri Utama Finance”. In 2021,
           tahun 2021, MUF telah melakukan peningkatan                      MUF has increased its equity allocation for the
           alokasi ekuitas untuk bisnis Unit Usaha Syariah                  Sharia Business Unit (“UUS”) operation from
           (“UUS”) dari Rp50.000 menjadi Rp75.000.                          Rp50,000 to Rp75,000.

           Sesuai dengan kebijakan mengenai Qanun Aceh,                     In accordance with the policy regarding Aceh
           maka MUF pada tanggal 19 November 2021, telah                    Qanun, on 19 November 2021, MUF has closed the
           melakukan      penutupan    Izin   Pembiayaan                    Conventional Financing License for the Banda Aceh
           Konvensional untuk Kantor Cabang (“KC”) Banda                    Branch Office (“KC”), but still has Sharia Financing
           Aceh, namun tetap memiliki Izin Pembiayaan                       License as the Banda Aceh Sharia Unit Branch
           Syariah sebagai Kantor Cabang Unit Syariah                       Office (“KC-US”). MUF is domiciled at Menara
           (“KC-US”) Banda Aceh. MUF berdomisili di                         Mandiri 1, Jalan Jenderal Sudirman Kav. 54-55,
           Menara Mandiri 1, Jalan Jenderal Sudirman Kav.                   South Jakarta 12190.
           54-55, Jakarta Selatan 12190.

           Pada tanggal 28 November 2024, Bank Mandiri                      On 28 November 2024, Bank Mandiri has signed
           telah menandatangani dokumen Akta Jual Beli                      the Share Sale and Purchase Deed No. 44 between
           Saham No. 44 antara Bank Mandiri dengan                          Bank Mandiri and PT Asco Investindo and the Share
           PT Asco Investindo dan Akta Jual Beli Saham                      Sale and Purchase Deed No. 46 between Bank
           No. 46 antara Bank Mandiri dengan PT Tunas                       Mandiri and PT Tunas Ridean. Since the signing of
           Ridean. Sejak ditandatanganinya Akta tersebut,                   the Deed, Bank Mandiri has 99.99% of the shares
           Bank Mandiri memiliki sebesar 99,99% saham                       from the previous 51%.
           yang sebelumnya 51%.

                                                                 Jumlah
                                                                  tercatat             Selisih
                                                              kepentingan            transaksi
                                                             nonpengendali         dengan pihak
                                             Jumlah          yang dialihkan/      nonpengendali/
                                          imbalan yang           Carrying          Difference in
                                            dialihkan/          amount of          transactions
                                               The           non-controlling         with non-
                                          consideration          interest           controlling
                                           transferred         transferred             parties

          PT Mandiri Utama Finance               1.019.000             713.514          (305.486)       PT Mandiri Utama Finance




                                                             47
Page 1062
                                                                                        The original consolidated financial statements
                                                                                      included herein are in the Indonesian language.

            PT BANK MANDIRI (PERSERO) Tbk                                      PT BANK MANDIRI (PERSERO) Tbk
                DAN ENTITAS ANAKNYA                                                  AND ITS SUBSIDIARIES
          CATATAN ATAS LAPORAN KEUANGAN                                         NOTES TO THE CONSOLIDATED
                     KONSOLIDASIAN                                                  FINANCIAL STATEMENTS
           Tanggal 31 Desember 2025 dan untuk                                    As of 31 December 2025 and for
          Tahun Berakhir pada Tanggal Tersebut                                      for the Year Then Ended
             (Disajikan dalam jutaan Rupiah,                                    (Expressed in millions of Rupiah,
                 kecuali dinyatakan lain)                                           unless otherwise stated)

1.   INFORMASI UMUM (lanjutan)                                    1.   GENERAL INFORMATION (continued)

     g.    Entitas Anak (lanjutan)                                     g.   Subsidiaries (continued)

           PT Mandiri Capital Indonesia                                     PT Mandiri Capital Indonesia

           Pada tanggal 23 Juni 2015, Bank Mandiri bersama                  On 23 June 2015, Bank Mandiri and PT Mandiri
           PT Mandiri Sekuritas telah mendirikan Entitas                    Sekuritas have established new subsidiary engaged
           Anak baru yang bergerak di bidang modal ventura                  in venture capital under the name of
           dengan nama PT Mandiri Capital Indonesia                         PT Mandiri Capital Indonesia ("MCI").
           (“MCI”).

           Pendirian   perusahaan    ditandai    dengan                     The establishment of the company was marked by
           penandatanganan akta pendirian antara Bank                       the signing of the establishment deed between
           Mandiri dan PT Mandiri Sekuritas dimana Bank                     Bank Mandiri and PT Mandiri Sekuritas in which the
           Mandiri melakukan penyertaan modal sebesar                       Bank invested capital amounted to Rp9,900,
           Rp9.900 yang mewakili 99% kepemilikan saham                      representing 99% share ownership in MCI and
           dalam MCI dan PT Mandiri Sekuritas melakukan                     PT Mandiri Sekuritas injected capital amounted to
           penyertaan modal sebesar Rp100 yang mewakili                     Rp100 which represents a 1% share ownership in
           1% kepemilikan saham dalam MCI, sehingga                         MCI, therefore the capital structure of MCI is
           struktur permodalan MCI adalah sebesar                           amounted to Rp10,000.
           Rp10.000.

           Penyertaan modal Bank Mandiri dalam rangka                       Bank Mandiri's equity participation in the
           pendirian MCI telah memperoleh persetujuan                       establishment of MCI was approved by the FSA as
           Otoritas Jasa Keuangan sebagaimana tercantum                     stated in its letter No. S-48/PB.31/2015 regarding
           dalam     surat   Otoritas Jasa    Keuangan                      the Application for Approval of Equity Participation
           No. S-48/PB.31/2015 perihal Permohonan                           of PT Bank Mandiri (Persero) Tbk for the
           Persetujuan Penyertaan Modal PT Bank Mandiri                     Establishment of Venture Capital Company on
           (Persero) Tbk dalam Rangka Pendirian                             11 June 2015.
           Perusahaan Modal Ventura pada tanggal
           11 Juni 2015.

           Pada tanggal 26 Juni 2015, pendirian                             On 26 June 2015, the establishment of MCI was
           MCI      telah   memperoleh     pengesahan                       approved by the Minister of Law and Human Rights
           dari   Menteri  Hukum    dan    Hak    Asasi                     through Letter of Legalization of Establishment No.
           Manusia melalui Surat Pengesahan Pendirian                       AHU-2445684.AH.01.01. Year 2015. MCI obtained
           No. AHU-2445684.AH.01.01. Tahun 2015. MCI                        a license to carry out business activities in the
           telah memperoleh izin untuk melaksanakan                         venture capital sector on 10 November 2015
           kegiatan usaha di bidang modal ventura pada                      through the Decree Letter of the Board of
           tanggal 10 November 2015 melalui Surat                           Commissioners of the Financial Services Authority
           Keputusan Dewan Komisioner Otoritas Jasa                         No. KEP-113/D.05/2015, therefore MCI may carry
           Keuangan No. KEP-113/D.05/2015, sehingga                         out full operational activities.
           MCI dapat melaksanakan kegiatan operasional
           secara penuh.

           MCI memiliki 99,99% dari total saham                             MCI owns 99.99% of the total shares of PT Mitra
           PT Mitra Transaksi Indonesia yang merupakan                      Transaksi Indonesia which is a third party processor
           pengolah pihak ketiga dan penyedia layanan                       and acquirer service provider that provides end-to-
           pengakuisisi yang menghadirkan proses dan                        end processes and networks for payment solutions
           jaringan end-to-end untuk solusi pembayaran di                   in Indonesia, a Subsidiary of MCI which was
           Indonesia. Entitas Anak MCI yang didirikan                       established on 13 January 2016 and engaged in
           tanggal 13 Januari 2016 dan bergerak di bidang                   business support services related to financial
           jasa penunjang usaha terkait jasa keuangan,                      services, specifically financial services in the field of
           secara khusus jasa keuangan dalam bidang                         payment by card.
           pembayaran dengan menggunakan kartu.




                                                             48
Page 1063
                                                                                         The original consolidated financial statements
                                                                                       included herein are in the Indonesian language.

            PT BANK MANDIRI (PERSERO) Tbk                                        PT BANK MANDIRI (PERSERO) Tbk
                DAN ENTITAS ANAKNYA                                                    AND ITS SUBSIDIARIES
          CATATAN ATAS LAPORAN KEUANGAN                                           NOTES TO THE CONSOLIDATED
                     KONSOLIDASIAN                                                    FINANCIAL STATEMENTS
           Tanggal 31 Desember 2025 dan untuk                                      As of 31 December 2025 and for
          Tahun Berakhir pada Tanggal Tersebut                                        for the Year Then Ended
             (Disajikan dalam jutaan Rupiah,                                      (Expressed in millions of Rupiah,
                 kecuali dinyatakan lain)                                             unless otherwise stated)

1.   INFORMASI UMUM (lanjutan)                                     1.    GENERAL INFORMATION (continued)

     g.    Entitas Anak (lanjutan)                                       g.   Subsidiaries (continued)

           PT Mandiri Capital Indonesia (lanjutan)                            PT Mandiri Capital Indonesia (continued)

           Terakhir, pada tanggal 27 Desember 2022,                           Lastly, on 27 December 2022, MCI had obtained
           MCI telah memperoleh persetujuan perubahan                         approval for the amendment to the Articles of
           Anggaran Dasar terkait peningkatan modal                           Association regarding the increase in authorised
           dasar dan modal ditempatkan dari Menteri Hukum                     and issued capital by the Minister of Law and
           dan Hak Asasi Manusia dengan Surat                                 Human Rights with Letter of Approval of the
           Persetujuan    Perubahan    Anggaran      Dasar                    Amendments to the Articles of Association
           No. AHU-0129677.AH.01.02. Tahun 2022                               No. AHU-0129677.AH.01.02. Year 2022 as stated
           sebagaimana tertuang di dalam Akta No. 7                           in Deed No. 7 dated 26 December 2022 in which
           tanggal 26 Desember 2022 dimana penyertaan                         investment in shares of Bank Mandiri amounted to
           saham     Bank    Mandiri   menjadi    sebesar                     Rp3,358,400 representing 99.99% share ownership
           Rp3.358.400 yang mewakili 99,99% kepemilikan                       in MCI and PT Mandiri Sekuritas amounted to
           saham dalam MCI dan PT Mandiri Sekuritas                           Rp100 representing 0.01% share ownership in MCI,
           menjadi sebesar Rp100 yang mewakili 0,01%                          therefore MCI's capital structure is Rp3,358,500.
           kepemilikan saham dalam MCI, sehingga struktur                     MCI is located at Menara Mandiri 2, 10th floor, Jalan
           permodalan MCI adalah sebesar Rp3.358.500.                         Jenderal Sudirman Kav. 54-55, South Jakarta
           MCI berlokasi di Menara Mandiri 2, Lantai 10,                      12190.
           Jalan Jenderal Sudirman Kav. 54-55, Jakarta
           Selatan 12190.

     h.    Struktur dan manajemen                                        h.   Structure and management

           Kantor pusat Bank Mandiri berkedudukan di Jalan                    Bank Mandiri’s head office is located at Jalan
           Jenderal Sudirman Kavling 54-55 Jakarta Selatan,                   Jenderal Sudirman Kavling 54-55, South Jakarta,
           Indonesia.                                                         Indonesia.

           Struktur dan jumlah kantor dalam dan luar negeri                   Bank Mandiri’s structure and number of Bank
           Bank Mandiri adalah sebagai berikut:                               Mandiri's domestic and foreign offices are as
                                                                              follows:

                                               31 Desember 2025/        31 Desember 2024/
                                               31 December 2025         31 December 2024

            Kantor wilayah dalam negeri                         12                      12                 Domestic regional offices

            Kantor cabang dalam negeri:                                                                        Domestic branches:
              Kantor Cabang                                     139                    139                       Branch Offices
              Kantor Cabang Pembantu                          2.014                  2.053                   Sub-Branch Offices

            Total kantor cabang dalam negeri                  2.153                  2.192                Total domestic branches


            Kantor luar negeri                                     7                     7                         Overseas offices




                                                              49
Page 1064
                                                                                            The original consolidated financial statements
                                                                                          included herein are in the Indonesian language.

            PT BANK MANDIRI (PERSERO) Tbk                                            PT BANK MANDIRI (PERSERO) Tbk
                DAN ENTITAS ANAKNYA                                                        AND ITS SUBSIDIARIES
          CATATAN ATAS LAPORAN KEUANGAN                                               NOTES TO THE CONSOLIDATED
                     KONSOLIDASIAN                                                        FINANCIAL STATEMENTS
           Tanggal 31 Desember 2025 dan untuk                                          As of 31 December 2025 and for
          Tahun Berakhir pada Tanggal Tersebut                                            for the Year Then Ended
             (Disajikan dalam jutaan Rupiah,                                          (Expressed in millions of Rupiah,
                 kecuali dinyatakan lain)                                                 unless otherwise stated)

1.   INFORMASI UMUM (lanjutan)                                        1.   GENERAL INFORMATION (continued)

     h.    Struktur dan manajemen (lanjutan)                               h.   Structure and management (continued)

           Untuk mendukung pencapaian aspirasi Bank                             To support Bank Mandiri in achieving its aspiration
           Mandiri, yaitu menjadi partner finansial pilihan                     to be the primary customers' financial partner, Bank
           utama nasabah, Bank Mandiri mengelompokkan                           Mandiri divided its organisation structure into
           unit-unit kerja di struktur organisasinya menjadi 3                  strategic business units (“SBU”) to 3 (three) major
           kelompok, yaitu:                                                     groups, which are:

           1.   Business Units, berfungsi sebagai motor                         1.   Business Units, are responsible as the Bank’s
                utama pengembangan bisnis Bank atau unit                             main business development or operational
                yang menjadi segmen operasional (Segmen                              segment unit (operating segment), consists of
                Operasi), yang terdiri dari dua segmen utama                         two main segments, which are Wholesale
                yaitu segmen Wholesale Banking yang terdiri                          Banking segment which consists of Corporate
                dari Corporate Banking, Commercial Banking,                          Banking, Commercial Banking, Government
                Hubungan      Kelembagaan,       Treasury   &                        Institutional, Treasury & International Banking
                International Banking dan segmen Consumer                            and Consumer Banking segment which
                Banking terdiri dari Credit Cards, Consumer                          consists of Credit Cards, Consumer Loan,
                Loans,     Personal     Loan,     dan   Micro                        Personal Loan, and Micro Development &
                Development & Agent Banking.                                         Agent Banking.

           2.   Support Functions, berfungsi sebagai                            2.   Support Functions, are responsible as
                supporting unit yang mendukung operasional                           supporting units that provide overall support to
                Bank secara keseluruhan yang terdiri dari                            Bank’s operations consisting of Special Asset
                Special     Asset      Management,       Risk                        Management, Risk Management which
                Management yang membawahi Wholesale                                  supervises Wholesale Risk and work units
                Risk dan unit kerja di bawah Risk                                    under the Risk Management, Information
                Management, Information Technology yang                              Technology, which oversees Technology and
                membawahi Teknologi dan Informasi dan                                Information, Digital Banking, Operations,
                Digital Banking, Operations, Human Capital                           Human Capital and Compliance, Finance and
                and Compliance, Finance and Strategy,                                Strategy, Internal Audit, and Corporate
                Internal Audit, dan Corporate Relations.                             Relations.

           3.   Network and Retail Banking yang berfungsi                       3.   Network and Retail Banking are responsible as
                sebagai direktorat yang melakukan penjualan                          directorate that sell products and services to
                produk dan jasa kepada segmen retail                                 retail segments of Bank’s customers, consisting
                nasabah Bank Mandiri, terdiri dari 12 Kantor                         of 12 Regional Offices that are spread out
                Wilayah yang tersebar di seluruh wilayah                             across Indonesia and wealth management.
                Indonesia dan wealth management.

           Bank Mandiri telah melakukan perubahan struktur                      Bank Mandiri has made changes to the
           organisasi   yang    berlaku   efektif tanggal                       organisational structure which effective on
           27 November 2025 sebagaimana tertuang dalam                          27 November 2025 as stated in the Board of
           Keputusan Direksi No. KEP.DIR/088/2025 tanggal                       Directors' Decision No. KEP.DIR/088/2025 dated
           22 Desember 2025 tentang Struktur Organisasi.                        22 December 2025 regarding Organisational
           Perubahan struktur organisasi Bank Mandiri                           Structure. Changes in the organisational structure of
           tersebut dengan menata ulang organisasi untuk                        Bank Mandiri by rearranging the organisation to
           memenuhi kebutuhan dan perkembangan Bank.                            meet the needs and development of the Bank.




                                                                 50
Page 1065
                                                                                                                           The original consolidated financial statements
                                                                                                                         included herein are in the Indonesian language.

            PT BANK MANDIRI (PERSERO) Tbk                                                                       PT BANK MANDIRI (PERSERO) Tbk
                DAN ENTITAS ANAKNYA                                                                                   AND ITS SUBSIDIARIES
          CATATAN ATAS LAPORAN KEUANGAN                                                                          NOTES TO THE CONSOLIDATED
                     KONSOLIDASIAN                                                                                   FINANCIAL STATEMENTS
           Tanggal 31 Desember 2025 dan untuk                                                                     As of 31 December 2025 and for
          Tahun Berakhir pada Tanggal Tersebut                                                                       for the Year Then Ended
             (Disajikan dalam jutaan Rupiah,                                                                     (Expressed in millions of Rupiah,
                 kecuali dinyatakan lain)                                                                            unless otherwise stated)

1.   INFORMASI UMUM (lanjutan)                                                                1.    GENERAL INFORMATION (continued)

     h.    Struktur dan manajemen (lanjutan)                                                        h.     Structure and management (continued)

           Susunan Dewan Komisaris Bank Mandiri adalah                                                     The members of Bank Mandiri’s                                 Board        of
           sebagai berikut:                                                                                Commissioners are as follows:

                                                               31 Desember 2025/                   31 Desember 2024/
                                                               31 December 2025                    31 December 2024

           Dewan Komisaris                                                                                                                        Board of Commissioners
           Komisaris Utama/                                                                                                                       President Commissioner/
             Komisaris Independen       : Zulkifli Zaini*)                                         Muhamad Chatib Basri                      Independent Commissioner
           Wakil Komisaris                                                                                                                 Deputy President Commissioner/
             Utama/Komisaris Independen : Rudy Salahuddin Ramto**)                                 Zainudin Amali                            Independent Commissioner
           Komisaris Independen         : Muhammad Yusuf Ateh                                      Loeke Larasati A.                            Independent Commissioner
           Komisaris                    : Luky Alfirman***)                                        Muliadi Rahardja                             Independent Commissioner
           Komisaris                    : Yuliot                                                   Heru Kristiyana                              Independent Commissioner
           Komisaris Independen         : Mia Amiati                                               Rionald Silaban                                          Commissioner
           Komisaris Independen         : Bintoro K. Pardewo**)                                    Faried Utomo                                             Commissioner
           Komisaris                    :-                                                         Arif Budimanta                                           Commissioner
           Komisaris                    :-                                                         Muhammad Yusuf Ateh                                      Commissioner
           Komisaris                    :-                                                         Tedi Bharata                                             Commissioner
           *) Sesuai hasil keputusan Rapat Umum Pemegang Saham Luar Biasa Bank                            *) In accordance with the resolution of the Extraordinary General Meeting of
              Mandiri tanggal 19 Desember 2025, yang bersangkutan dialihkan                                   Shareholders of Bank Mandiri dated 19 December 2025, the individual has
              jabatannnya dimana pengalihan jabatan tersebut berlaku efektif setelah                          been reassigned, with the reassignment becoming effective upon obtaining
              mendapat persetujuan dari Otoritas Jasa Keuangan atas pelaksanaan                               approval from the Financial Services Authority for the Fit and Proper Test
              Penilaian Kemampuan dan Kepatutan serta memenuhi peraturan                                      and compliance with the applicable laws and regulations.
              perundang-undangan yang berlaku.

          **) Sesuai hasil keputusan Rapat Umum Pemegang Saham Luar Biasa Bank                           **) In accordance with the resolution of the Extraordinary General Meeting of
              Mandiri tanggal 19 Desember 2025, yang bersangkutan diangkat                                   Shareholders of Bank Mandiri held on 19 December 2025, the individual
              sebagai anggota Dewan Komisaris Bank Mandiri, dimana pengangkatan                              was appointed as a member of Bank Mandiri’s Board of Commissioners,
              tersebut berlaku efektif setelah mendapat persetujuan dari Otoritas Jasa                       with the appointment becoming effective upon obtaining approval from the
              Keuangan atas Penilaian Kemampuan dan Kepatutan serta memenuhi                                 Financial Services Authority for the Fit and Proper Test and compliance with
              peraturan perundang-undangan yang berlaku.                                                     the applicable laws and regulations.

          ***) Sesuai hasil keputusan Rapat Umum Pemegang Saham Tahunan Bank                             ***) In accordance with the resolution of the Annual General Meeting of
               Mandiri tanggal 25 Maret 2025, yang bersangkutan diangkat sebagai                              Shareholders of Bank Mandiri on 25 March 2025, these individuals were
               anggota Dewan Komisaris Bank Mandiri, dimana pengangkatan tersebut                             appointed as member of Bank Mandiri’s Board of Commissioners, with the
               berlaku efektif setelah mendapat persetujuan dari Otoritas Jasa                                appointment becoming effective upon obtaining approval from the Financial
               Keuangan atas Penilaian Kemampuan dan Kepatutan serta memenuhi                                 Services Authority for the Fit and Proper Test and compliance with the
               peraturan perundang-undangan yang berlaku.                                                     applicable laws and regulations.


           Susunan Direksi Bank Mandiri adalah sebagai                                                     The members of Bank Mandiri's Board of Directors
           berikut:                                                                                        are as follows:

                                                                           31 Desember 2025/
                                                                           31 December 2025

           Direksi                                                                                                                                        Board of Directors
           Direktur Utama                                            : Riduan                                                                             President Director
           Wakil Direktur Utama                                      : Henry Panjaitan                                                         Deputy of President Director
           Direktur Operations                                       : Timothy Utama                                                                  Director of Operations
           Direktur Human Capital and                                                                                                        Director of Human Capital and
             Compliance                                              : Eka Fitria                                                                             Compliance
           Direktur Risk Management                                  : Danis Subyantoro                                                       Director of Risk Management
            Direktur Commercial Banking                              : Totok Priyambodo                                                  Director of Commercial Banking
           Direktur Corporate Banking                                : Mochamad Rizaldi                                                       Director of Corporate Banking
           Direktur Consumer Banking                                 : Saptari                                                               Director of Consumer Banking
           Direktur Treasury and                                                                                                                   Director of Treasury and
             International Banking                                   : Ari Rizaldi                                                                  International Banking
           Direktur Finance and Strategy                             : Novita Widya Anggraini                                              Director of Finance and Strategy
           Direktur Network and                                                                                                                     Director of Network and
             Retail Funding                                          : Jan Winston Tambunan                                                                Retail Funding
           Direktur Information Technology                           : Sunarto                                                           Director of Information Technology




                                                                                         51
Page 1066
                                                                                                                   The original consolidated financial statements
                                                                                                                 included herein are in the Indonesian language.

            PT BANK MANDIRI (PERSERO) Tbk                                                               PT BANK MANDIRI (PERSERO) Tbk
                DAN ENTITAS ANAKNYA                                                                           AND ITS SUBSIDIARIES
          CATATAN ATAS LAPORAN KEUANGAN                                                                  NOTES TO THE CONSOLIDATED
                     KONSOLIDASIAN                                                                           FINANCIAL STATEMENTS
           Tanggal 31 Desember 2025 dan untuk                                                             As of 31 December 2025 and for
          Tahun Berakhir pada Tanggal Tersebut                                                               for the Year Then Ended
             (Disajikan dalam jutaan Rupiah,                                                             (Expressed in millions of Rupiah,
                 kecuali dinyatakan lain)                                                                    unless otherwise stated)

1.   INFORMASI UMUM (lanjutan)                                                         1.    GENERAL INFORMATION (continued)

     h.    Struktur dan manajemen (lanjutan)                                                 h.    Structure and management (continued)

           Susunan Direksi Bank Mandiri adalah sebagai                                             The members of Bank Mandiri's Board of Directors
           berikut: (lanjutan)                                                                     are as follows: (continued)

                                                                       31 Desember 2024/
                                                                       31 December 2024
           Direksi                                                                                                                               Board of Directors
           Direktur Utama                                        : Darmawan Junaidi                                                               President Director
           Wakil Direktur Utama                                  : Alexandra Askandar                                                 Deputy of President Director
           Direktur Kepatuhan dan                                                                                                      Director of Compliance and
              SDM                                                :   Agus Dwi Handaya                                                         Human Resources
           Direktur Corporate Banking                            :   Riduan                                                         Director of Corporate Banking
           Direktur Jaringan dan Retail Banking                  :   Aquarius Rudianto                                     Director of Network and Retail Banking
           Direktur Operation                                    :   Toni E. B. Subari                                                        Director of Operation
           Direktur Hubungan Kelembagaan                         :   Rohan Hafas                                              Director of Institutional Relationship
           Direktur Keuangan dan Strategi                        :   Sigit Prastowo                                              Director of Finance and Strategy
           Direktur Information Technology                       :   Timothy Utama                                             Director of Information Technology
           Direktur Treasury dan                                                                                                          Director of Treasury and
              International Banking                              : Eka Fitria                                                              International Banking
           Direktur Manajemen Risiko                             : Danis Subyantoro                                                  Director of Risk Management
           Direktur Commercial Banking                           : Totok Priyambodo                                               Director of Commercial Banking

           Komite Audit***) Bank Mandiri terdiri dari:                                             The members of Bank Mandiri’s Audit Committee***)
                                                                                                   are as follows:

                                                            31 Desember 2025/               31 Desember 2024/
                                                            31 December 2025                31 December 2024
           Ketua merangkap anggota                  : Kuswiyoto**)                          Heru Kristiyana                                     Chairman and member
           Anggota                                  : Zainudin Amali**)                     Muhamad Chatib Basri                                            Member
           Anggota                                  : Mia Amiati                            Zainudin Amali                                                  Member
           Anggota                                  : Zulkifli Zaini*)                      Loeke Larasati A.                                               Member
           Anggota                                  : Rasyid Darajat                        Muliadi Rahardja                                                Member
           Anggota                                  : Rubi Pertama                          Rasyid Darajat                                                  Member
           Anggota                                  :-                                      Rubi Pertama                                                    Member

           Komite Remunerasi dan Nominasi***) Bank Mandiri                                    Bank Mandiri’s Remuneration                            and       Nomination
           terdiri dari:                                                                      Committee***) are as follows:

                                                            31 Desember 2025/               31 Desember 2024/
                                                            31 December 2025                31 December 2024

           Ketua merangkap anggota                  : Zainudin Amali**)                     Muhamad Chatib Basri                               Chairman and member
           Anggota                                  : Kuswiyoto**)                          Muliadi Rahardja                                                 Member
           Anggota                                  : Mia Amiati                            Rionald Silaban                                                  Member
           Anggota                                  : Muhammad Yusuf Ateh                   Arif Budimanta                                                   Member
           Anggota                                  : Yuliot                                Faried Utomo                                                     Member
           Anggota                                  : Luky Alfirman*)                       Muhammad Yusuf Ateh                                              Member
           Anggota                                  : Zulkifli Zaini*)                      Tedi Bharata                                                     Member
           Sekretaris (ex-officio)                                                                                                               Secretary (ex-officio)
              merangkap anggota                     : SEVP/Group Head                       SEVP/Group Head                                  concurrently a member
                                                      Human Capital                         Human Capital

           *) Individu yang bersangkutan dapat melaksanakan tugasnya setelah                      *) The individual concerned may carry out their duties after obtaining approval
              mendapat persetujuan Otoritas Jasa Keuangan atas pelaksanaan                           from the Financial Services Authority for the Fit and Proper Test assessment
              Penilaian Kemampuan dan Kepatutan dan memenuhi peraturan                               and in compliance with the applicable laws and regulations.
              perundang-undangan yang berlaku.

          **) Individu yang bersangkutan diberhentikan dengan hormat dari jabatannya              **) The individual concerned had been honorably discharged from the position
              sesuai dengan keputusan Rapat Umum Pemegang Saham Luar Biasa                            based on the Extraordinary General Meeting of Shareholders dated 19
              tanggal 19 Desember 2025.                                                               December 2025.

           ***) Terdapat perubahan susunan keanggotaan komite di bawah dewan                      ***) There are changes in the composition of committees under the board of
                komisaris efektif pada tanggal 27 Januari 2026 (Catatan 68).                         commissioners effective on 27 January 2026 (Note 68).




                                                                                  52
Page 1067
                                                                                                                    The original consolidated financial statements
                                                                                                                  included herein are in the Indonesian language.

            PT BANK MANDIRI (PERSERO) Tbk                                                               PT BANK MANDIRI (PERSERO) Tbk
                DAN ENTITAS ANAKNYA                                                                           AND ITS SUBSIDIARIES
          CATATAN ATAS LAPORAN KEUANGAN                                                                  NOTES TO THE CONSOLIDATED
                     KONSOLIDASIAN                                                                           FINANCIAL STATEMENTS
           Tanggal 31 Desember 2025 dan untuk                                                             As of 31 December 2025 and for
          Tahun Berakhir pada Tanggal Tersebut                                                               for the Year Then Ended
             (Disajikan dalam jutaan Rupiah,                                                             (Expressed in millions of Rupiah,
                 kecuali dinyatakan lain)                                                                    unless otherwise stated)

1.   INFORMASI UMUM (lanjutan)                                                          1.    GENERAL INFORMATION (continued)

     h.    Struktur dan manajemen (lanjutan)                                                  h. Structure and management (continued)
           Komite Pemantau Risiko Bank Mandiri terdiri dari:                                      Bank Mandiri’s Risk Oversight Committee are as
                                                                                                  follows:
                                                             31 Desember 2025/               31 Desember 2024/
                                                             31 December 2025                31 December 2024
            Ketua merangkap anggota                  : Kuswiyoto**)                          Muliadi Rahardja                                     Chairman and member
            Anggota                                  : Zainudin Amali**)                     Loeke Larasati A.                                                 Member
            Anggota                                  : Muhammad Yusuf Ateh                   Arif Budimanta                                                    Member
            Anggota                                  : Mia Amiati                            Heru Kristiyana                                                   Member
            Anggota                                  : Yuliot                                Tedi Bharata                                                      Member
            Anggota                                  : Luky Alfirman                         Taufik Hidayat                                                    Member
            Anggota                                  : Zulkifli Zaini                        Caroline Halim                                                    Member
            Anggota Independen
              (Non Komisaris)                        : Taufik Hidayat                        -                                                                    Member
            Anggota Independen
             (Non Komisaris)                         : Caroline Halim                        -                                                                    Member

           Komite Tata Kelola Terintegrasi***) Bank                     Mandiri                    Bank Mandiri’s Integrated Governance Committee***)
           terdiri dari:                                                                           are as follows:
                                                             31 Desember 2025/               31 Desember 2024/
                                                             31 December 2025                31 December 2024

           Ketua merangkap anggota                   : Zainudin Amali**)                     Muhamad Chatib Basri                                Chairman and member
           Anggota                                   : Kuswiyoto**)                          Zainudin Amali                                                   Member
           Anggota                                   : Mia Amiati                            Loeke Larasati A.                                                Member
           Anggota Independen
            (Non Komisaris)                          : Taufik Hidayat                        Muliadi Rahardja                                                     Member
           Anggota Independen
            (Non Komisaris)                          : Rasyid Darajat                        Heru Kristiyana                                                      Member
           Anggota                                   : -                                     Taufik Hidayat                                                       Member
           Anggota                                   : -                                     Rasyid Darajat                                                       Member
           Anggota                                   : Perwakilan Komisaris                  Perwakilan Komisaris                                                 Member
                                                       Independen Bank Mantap*)/             Independen Bank Mantap*)/
                                                       Representative of                     Representative of
                                                       Independent Commissioner              Independent Commissioner
                                                       Bank Mantap**)                        Bank Mantap*)
           Anggota                                   : Perwakilan Komisaris                  Perwakilan Komisaris                                                 Member
                                                       Independen Mansek*)/                  Independen Mansek*)/
                                                       Representative of                     Representative of
                                                       Independent                           Independent
                                                       Commissioner Mansek*)                 Commissioner Mansek*)
           Anggota                                   : Perwakilan Komisaris                  Perwakilan Komisaris                                                 Member
                                                       Independen AMFS*)/                    Independen AMFS*)/
                                                       Representative of                     Representative of
                                                       Independent                           Independent
                                                       Commissioner AMFS*)                   Commissioner AMFS*)
           Anggota                                   : Perwakilan Komisaris                  Perwakilan Komisaris                                                 Member
                                                       Independen MTF*)/                     Independen MTF*)/
                                                       Representative of                     Representative of
                                                       Independent                           Independent
                                                       Commissioner MTF*)                    Commissioner MTF*)
           Anggota                                   : Perwakilan Komisaris                  Perwakilan Komisaris                                                 Member
                                                       Independen MUF*)/                     Independen MUF*)/
                                                       Representative of                     Representative of
                                                       Independent                           Independent
                                                       Commissioner MUF*)                    Commissioner MUF*)

           *) Menyesuaikan dengan Pejabat dari Entitas Anak terkait.                               *) Adjusted to the Officers of the relevant Subsidiaries..

           **) Individu yang bersangkutan diberhentikan dengan hormat dari jabatannya             **) The individual concerned had been honorably discharged from the position
               sesuai dengan keputusan Rapat Umum Pemegang Saham Luar Biasa                           based on the Extraordinary General Meeting of Shareholders dated 19
               tanggal 19 Desember 2025.                                                              December 2025.

          ***) Terdapat perubahan susunan keanggotaan komite di bawah dewan                      ***) There are changes in the composition of committees under the board of
               komisaris efektif pada tanggal 27 Januari 2026 (Catatan 68).                            commissioners effective on 27 January 2026 (Note 68).


                                                                                   53
Page 1068
                                                                                                                The original consolidated financial statements
                                                                                                              included herein are in the Indonesian language.

            PT BANK MANDIRI (PERSERO) Tbk                                                           PT BANK MANDIRI (PERSERO) Tbk
                DAN ENTITAS ANAKNYA                                                                       AND ITS SUBSIDIARIES
          CATATAN ATAS LAPORAN KEUANGAN                                                              NOTES TO THE CONSOLIDATED
                     KONSOLIDASIAN                                                                       FINANCIAL STATEMENTS
           Tanggal 31 Desember 2025 dan untuk                                                         As of 31 December 2025 and for
          Tahun Berakhir pada Tanggal Tersebut                                                           for the Year Then Ended
             (Disajikan dalam jutaan Rupiah,                                                         (Expressed in millions of Rupiah,
                 kecuali dinyatakan lain)                                                                unless otherwise stated)

1.   INFORMASI UMUM (lanjutan)                                                     1.    GENERAL INFORMATION (continued)

     h.    Struktur dan manajemen (lanjutan)                                             h.     Structure and management (continued)

           Komite Tata Kelola Terintegrasi***) Bank Mandiri                                      Bank    Mandiri’s        Integrated    Governance
           terdiri dari: (lanjutan)                                                              Committee***) are as follows: (continued)

                                                            31 Desember 2025/           31 Desember 2024/
                                                            31 December 2025            31 December 2024

           Anggota                                  : Perwakilan Komisaris              Perwakilan Komisaris                                                  Member
                                                      Independen MCI*)/                 Independen MCI*)/
                                                      Representative of                 Representative of
                                                      Independent                       Independent
                                                      Commissioner MCI*)                Commissioner MCI*)
           Anggota                                  : Perwakilan Komisaris              Perwakilan Komisaris                                                  Member
                                                      Independen BSI*)/                 Independen BSI*)/
                                                      Representative of                 Representative of
                                                      Independent                       Independent
                                                      Commissioner BSI*)                Commissioner BSI*)
           Anggota                                  : Dewan Pengawas Syariah            Dewan Pengawas Syariah                                                Member
                                                      dari Entitas Anak*)/              dari Entitas Anak*)/
                                                      Sharia Supervisory                Sharia Supervisory
                                                      Board from Subsidiary*)           Board from Subsidiary*)

           *) Menyesuaikan dengan Pejabat dari Entitas Anak terkait.                           *) Adjusted to the Officers of the relevant Subsidiaries..

          ***) Terdapat perubahan susunan keanggotaan komite di bawah dewan                   ***) There are changes in the composition of committees under the board of
               komisaris efektif pada tanggal 27 Januari 2026 (Catatan 68).                        commissioners effective on 27 January 2026 (Note 68).


           Cakupan manajemen dan karyawan kunci antara                                          Management and key personnel includes the Board
           lain mencakup Dewan Komisaris, Direksi, Komite                                       of Commissioners, Board of Directors, Audit
           Audit dan Komite Pemantau Risiko, Dewan                                              Committee and Risk Oversight Committee, Sharia
           Pengawas Syariah serta Senior Executive Vice                                         Supervisory Board as well as Senior Executive Vice
           President, Senior Vice President, Area Head,                                         President, Senior Vice President, Area Head, KC
           Kepala Kantor Cabang KC dan Kepala Kantor                                            Branch Manager and Overseas Branch Manager.
           Cabang Luar Negeri.

           Pada tanggal 31 Desember 2025 dan 2024, Ketua                                        As of 31 December 2025 and 2024, the Head of
           Internal Audit Bank Mandiri adalah Adi Pranantias.                                   Bank Mandiri's Internal Audit is Adi Pranantias.

           Pada tanggal 31 Desember 2025 Sekretaris                                             As of 31 December 2025, the Corporate Secretary
           Perusahaan Bank Mandiri adalah M. Ashidiq                                            of Bank Mandiri was M. Ashidiq Iswara, and as of
           Iswara dan 31 Desember 2024 Sekretaris                                               31 December 2024, the Corporate Secretary of
           Perusahaan Bank Mandiri adalah Teuku Ali                                             Bank Mandiri was Teuku Ali Usman.
           Usman.

           Jumlah karyawan Bank Mandiri pada tanggal                                            The number of Bank Mandiri employees as of
           31 Desember 2025 sebanyak 38.751 orang                                               31 December 2025 was 38,751 persons
           (31 Desember 2024: sebanyak 38.898 orang)                                            (31 December 2024: 38,898 persons) (unaudited).
           (tidak diaudit).




                                                                              54
Page 1069
                                                                                            The original consolidated financial statements
                                                                                          included herein are in the Indonesian language.

            PT BANK MANDIRI (PERSERO) Tbk                                           PT BANK MANDIRI (PERSERO) Tbk
                DAN ENTITAS ANAKNYA                                                       AND ITS SUBSIDIARIES
          CATATAN ATAS LAPORAN KEUANGAN                                              NOTES TO THE CONSOLIDATED
                     KONSOLIDASIAN                                                       FINANCIAL STATEMENTS
           Tanggal 31 Desember 2025 dan untuk                                         As of 31 December 2025 and for
          Tahun Berakhir pada Tanggal Tersebut                                           for the Year Then Ended
             (Disajikan dalam jutaan Rupiah,                                         (Expressed in millions of Rupiah,
                 kecuali dinyatakan lain)                                                unless otherwise stated)

2.   INFORMASI KEBIJAKAN AKUNTANSI MATERIAL                           2.   MATERIAL ACCOUNTING POLICY INFORMATION

     Laporan keuangan          konsolidasian   Bank dan                    The consolidated financial statements of Bank and
     Entitas Anak (“Grup”) ini diselesaikan dan                            its Subsidiaries (“Group”) were completed and
     disetujui untuk diterbitkan oleh Direksi pada tanggal                 authorised for issuance by the Board of Directors on
     5 Februari 2026.                                                      5 February 2026.

     Laporan keuangan konsolidasian disusun dan                            The consolidated financial statements have been
     disajikan sesuai dengan Standar Akuntansi Keuangan                    prepared and presented in accordance with the
     di Indonesia yang mencakup Pernyataan dan                             Indonesian Financial Accounting Standards which
     Interpretasi yang dikeluarkan oleh Dewan Standar                      comprised of the Statements and Interpretations issued
     Akuntansi Keuangan Ikatan Akuntan Indonesia dan                       by the Board of Financial Accounting Standards of the
     Dewan Standar Akuntansi Syariah Ikatan Akuntan                        Indonesian Institute of Accountants and Board of Sharia
     Indonesia serta peraturan regulator pasar modal yaitu                 Accounting Standards of the Indonesian Institute of
     Peraturan No. VIII.G.7 tentang Penyajian dan                          Accountants      and     capital    market   regulation
     Pengungkapan Laporan Keuangan Emiten atau                             No.    VIII.G.7    regarding     Financial Statements
     Perusahaan Publik.                                                    Presentation and Disclosure for Issuer or Public
                                                                           Companies.

     a.    Dasar    penyusunan         laporan     keuangan                a.   Basis of preparation of the              consolidated
           konsolidasian                                                        financial statements

           Kebijakan akuntansi utama yang diterapkan dalam                      The principal accounting policies adopted in
           penyusunan laporan keuangan konsolidasian                            preparing the consolidated financial statement of
           Bank dan Entitas Anak adalah seperti dijabarkan                      the Bank and Subsidiaries are set out below.
           di bawah ini.

           Laporan keuangan          konsolidasian   disusun                    The consolidated financial statements have been
           berdasarkan harga perolehan, kecuali untuk aset                      prepared under the historical cost, except for
           keuangan yang diklasifikasikan dalam kelompok                        financial assets classified as fair value through other
           nilai wajar melalui penghasilan komprehensif lain,                   comprehensive income, financial assets and
           aset dan liabilitas keuangan yang diukur pada nilai                  liabilities measured at fair value through profit or
           wajar melalui laba rugi dan seluruh instrumen                        loss and all derivative instruments which have been
           derivatif yang diukur berdasarkan nilai wajar.                       measured at fair value. The consolidated financial
           Laporan keuangan          konsolidasian   disusun                    statement is prepared under the accrual basis of
           berdasarkan akuntansi berbasis akrual, kecuali                       accounting, except for the consolidated statements
           laporan arus kas konsolidasian.                                      of cash flows.

           Laporan arus kas konsolidasian disusun dengan                        Consolidated statements of cash flows are prepared
           menggunakan        metode     langsung    dengan                     using the direct method by classifying cash flows in
           mengelompokkan arus kas dalam aktivitas-                             operating, investing and financing activities.
           aktivitas operasional, investasi dan pendanaan.

          Pos-pos dalam penghasilan komprehensif lainnya                        Items within other comprehensive income are
          disajikan terpisah antara akun-akun yang akan                         classified separately, between accounts which will
          direklasifikasikan ke laba rugi dan akun-akun yang                    be reclassified to profit or loss and will not be
          tidak akan direklasifikasikan ke laba rugi.                           reclassified to profit or loss.

           Laporan keuangan Entitas Anak yang bergerak                          The financial statement of a Subsidiary engaged in
           dalam bidang perbankan syariah disusun                               sharia banking have been prepared based on:
           berdasarkan:

           -   PSAK 401 “Penyajian Laporan Keuangan                             -   SFAS 401 “Presentation of Financial Statements
               Syariah”.                                                            for Sharia Banking”.
           -   PSAK 402 “Akuntansi Murabahah”.                                  -   SFAS 402 “Accounting for Murabahah”.
           -   PSAK 404 “Akuntansi Istishna”.                                   -   SFAS 404 “Accounting for Istishna”.




                                                                 55
Page 1070
                                                                                           The original consolidated financial statements
                                                                                         included herein are in the Indonesian language.

            PT BANK MANDIRI (PERSERO) Tbk                                           PT BANK MANDIRI (PERSERO) Tbk
                DAN ENTITAS ANAKNYA                                                       AND ITS SUBSIDIARIES
          CATATAN ATAS LAPORAN KEUANGAN                                              NOTES TO THE CONSOLIDATED
                     KONSOLIDASIAN                                                       FINANCIAL STATEMENTS
           Tanggal 31 Desember 2025 dan untuk                                         As of 31 December 2025 and for
          Tahun Berakhir pada Tanggal Tersebut                                           for the Year Then Ended
             (Disajikan dalam jutaan Rupiah,                                         (Expressed in millions of Rupiah,
                 kecuali dinyatakan lain)                                                unless otherwise stated)

2.   INFORMASI KEBIJAKAN AKUNTANSI MATERIAL                          2.   MATERIAL ACCOUNTING POLICY INFORMATION
     (lanjutan)                                                           (continued)

     a.    Dasar    penyusunan      laporan       keuangan                a.    Basis of preparation of the consolidated
           konsolidasian (lanjutan)                                             financial statements (continued)

           Laporan keuangan Entitas Anak yang bergerak                         The financial statement of a Subsidiary engaged in
           dalam bidang perbankan syariah disusun                              sharia banking have been prepared based on:
           berdasarkan: (lanjutan)                                             (continued)

           -    PSAK 405 “Akuntansi Mudharabah”.                                -   SFAS 405 ”Accounting for Mudharabah”.
           -    PSAK 406 “Akuntansi Musyarakah”.                                -   SFAS 406 “Accounting for Musyarakah”.
           -    PSAK 407 “Akuntansi Ijarah”.                                    -   SFAS 407 “Accounting for Ijarah”.
           -    PSAK 410 “Akuntansi Sukuk”.                                     -   SFAS 410 “Accounting for Sukuk”.
           -    PSAK 411 “Akuntansi Wa’d”.                                      -   SFAS 411 “Accounting for Wa’d”.
           -    PSAK 412 “Akuntansi Wakaf”.                                     -   SFAS 412 "Accounting for Wakaf".
           -    PSAK lain selama tidak bertentangan dengan                      -   Other prevailing SFAS, as long as it does not
                prinsip syariah dan Pedoman Akuntansi                               contradict with Sharia principle on Accounting
                Perbankan Syariah Indonesia (PAPSI).                                Guidelines for Indonesian Sharia Banking
                                                                                    (PAPSI).

           Penyusunan laporan keuangan sesuai dengan                           The preparation of financial statements in
           Standar Akuntansi Keuangan di Indonesia                             accordance with Indonesian Financial Accounting
           mengharuskan penggunaan estimasi dan asumsi.                        Standards that requires the use of estimates and
           Hal tersebut juga mengharuskan manajemen                            assumptions. It also requires management to make
           untuk membuat pertimbangan dalam proses                             judgements in the process of applying the
           penerapan kebijakan akuntansi Grup. Area yang                       accounting policies of the Group. The area that is
           kompleks atau memerlukan tingkat pertimbangan                       complex or requires a higher level of consideration
           yang lebih tinggi atau area di mana asumsi dan                      or areas where assumptions and estimates could
           estimasi dapat berdampak signifikan terhadap                        have a significant impact on the consolidated
           laporan keuangan konsolidasian diungkapkan di                       financial statements is disclosed in Note 3.
           Catatan 3.

           Seluruh angka dalam laporan keuangan                                All figures in the consolidated financial statements,
           konsolidasian ini, dibulatkan dan disajikan dalam                   are rounded and presented in millions Rupiah
           jutaan Rupiah (“Rp”), kecuali dinyatakan lain.                      (“Rp”), unless otherwise stated.

     b.    Perubahan kebijakan akuntansi                                  b. Changes in accounting policies

           Pada tanggal 1 Januari 2025, terdapat standar                       On 1 January 2025, there are new and revised or
           baru dan penyesuaian atau amendemen terhadap                        amended towards several standards that are
           beberapa standar yang masih berlaku yang                            relevant to the Group operation which is effective for
           relevan dengan operasi Grup yang berlaku efektif                    application from that date as follows:
           sejak tanggal tersebut yaitu sebagai berikut:

           1.   PSAK 117 “Kontrak Asuransi”. PSAK ini                          1.   SFAS 117 "Insurance Contracts". This SFAS
                mengatur pencatatan dan pelaporan kontrak                           regulates the recording and reporting of
                asuransi     dengan     menerapkan    model                         insurance       contracts  by     applying     a
                pengukuran      yang    dapat   memberikan                          measurement model that can provide
                transparansi keuntungan maupun kerugian                             transparency in the profits and losses arising
                yang terjadi atas kontrak asuransi, serta                           from insurance contracts, as well as the factors
                faktor-faktor yang mempengaruhi perubahan                           influencing changes in profits or losses. In
                keuntungan atau kerugian. Selain itu,                               addition, the disclosure and presentation of
                pengungkapan dan penyajian kontrak                                  insurance contracts are also enhanced,
                asuransi juga ditingkatkan, khususnya terkait                       particularly concerning the reconciliation of
                dengan rekonsiliasi angka laporan keuangan                          financial statement figures and the distribution
                dan distribusi keuntungan di masa depan.                            of future profits.




                                                                56
Page 1071
                                                                                              The original consolidated financial statements
                                                                                            included herein are in the Indonesian language.

            PT BANK MANDIRI (PERSERO) Tbk                                              PT BANK MANDIRI (PERSERO) Tbk
                DAN ENTITAS ANAKNYA                                                          AND ITS SUBSIDIARIES
          CATATAN ATAS LAPORAN KEUANGAN                                                 NOTES TO THE CONSOLIDATED
                     KONSOLIDASIAN                                                          FINANCIAL STATEMENTS
           Tanggal 31 Desember 2025 dan untuk                                            As of 31 December 2025 and for
          Tahun Berakhir pada Tanggal Tersebut                                              for the Year Then Ended
             (Disajikan dalam jutaan Rupiah,                                            (Expressed in millions of Rupiah,
                 kecuali dinyatakan lain)                                                   unless otherwise stated)

2.   INFORMASI KEBIJAKAN AKUNTANSI MATERIAL                             2.   MATERIAL ACCOUNTING POLICY INFORMATION
     (lanjutan)                                                              (continued)

     b.    Perubahan kebijakan akuntansi (lanjutan)                          b.   Changes in accounting policies (continued)

           Pada tanggal 1 Januari 2025, terdapat standar                          On 1 January 2025, there are new and revised or
           baru dan penyesuaian atau amendemen terhadap                           amended towards several standards that are
           beberapa standar yang masih berlaku yang                               relevant to the Group operation which is effective for
           relevan dengan operasi Grup yang berlaku efektif                       application from that date as follows:
           sejak tanggal tersebut yaitu sebagai berikut:

           2.   PSAK 109 "Instrumen Keuangan". PSAK ini                           2.    SFAS 109 “Financial Instruments” addresses
                mengatur pengakuan, pengukuran, dan                                     the recognition, measurement, and disclosure
                pengungkapan     instrumen    keuangan                                  of financial instruments coinciding with the
                sehubungan dengan penerapan PSAK 117.                                   implementation of SFAS 117.

                Metode Transisi                                                        Transition methods

                PSAK 117 mengubah secara signifikan                                    SFAS      117    significantly changes        the
                pengakuan, pengukuran dan pengungkapan                                 recognition, measurement and disclosure in
                terhadap aset/liabilitas kontrak asuransi, serta                       relation to insurance contract assets/liabilities
                pendapatan dan beban terkait kontrak                                   also revenue and expenses from insurance
                asuransi (Catatan 2z).                                                 contract (Note 2z).

                Sehubungan dengan transisi ke PSAK 117                                 In relation to transition approach of PSAK 117
                “Kontrak Asuransi”, standar mengharuskan                               “Insurance Contract”, the standard requires
                penerapan secara retrospektif menggunakan                              retrospectively application using the Full
                Pendekatan Retrospektif Penuh (“PKP”)                                  Retrospective Approach (“FRA”) unless
                kecuali jika tidak praktis, dalam hal ini,                             impracticable, in which case two options are
                terdapat dua opsi yang memungkinkan:                                   possible:

                 i. Pendekatan        Retrospektif        yang                          i. The Modified Retrospective Approach
                    Termodifikasi (“PRT”); atau                                            (“MRA”); or
                ii. Pendekatan Nilai Wajar (“PNW”).                                    ii. The Fair Value approach (“FVA”).

                Berdasarkan identifikasi Entitas Anak,                                 Based on the identification of the Subsidiary,
                pendekatan transisi yang digunakan adalah                              the transition approach used are as follows:
                sebagai berikut:

                -   Metode Pendekatan Retrospektif Penuh                               -   Full Retrospective Approach (FRA)
                    (PRP) untuk produk tradisional dengan                                  method for traditional products with
                    Model Pengukuran Umum (MPU) untuk                                      General Measurement Model (GMM) for
                    penerbitan Cohort mulai tanggal 1 Januari                              Cohort issue from 1 January 2017 until
                    2017 hingga 31 Desember 2023 (yaitu                                    31 December 2023 (i.e., Cohort Post
                    Cohort Post 2017).                                                     2017).
                -   Metode       Pendekatan      Retrospektif                          -   Modified Retrospective Approach (MRA)
                    Termodifikasi (PRT) untuk semua Produk                                 method for all Unit Link Products with
                    Unit Link dengan model pengukuran                                      Variable       Fee     Approach  (VFA)
                    Pendekatan Biaya Variabel (PBV) untuk                                  measurement model for all Cohort issue
                    semua penerbitan Cohort sejak tanggal                                  from        inception      date     until
                    penerbitan hingga 31 Desember 2023.                                    31 December 2023.
                -   Metode Pendekatan Nilai Wajar (PNW)                                -   Fair Value Approach (FVA) method for
                    untuk produk tradisional dengan MPU                                    traditional products with GMM model
                    untuk penerbitan Cohort sejak tanggal                                  measurement model for Cohort issue from
                    penerbitan hingga 31 Desember 2016                                     inception until 31 December 2016
                    (yaitu Cohort Pre 2017).                                               (i.e., Cohort Pre 2017).

           Entitas Anak telah menerapkan PSAK 117 “Kontrak                        The Subsidiary has adopted SFAS 117 “Insurance
           Asuransi” bersamaan dengan penerapan PSAK                              Contract” together with SFAS 109 “Financial
           109 “Instrumen Keuangan” mulai tahun berjalan.                         Instruments” effective this current year.



                                                                   57
Page 1072
                                                                                          The original consolidated financial statements
                                                                                        included herein are in the Indonesian language.

            PT BANK MANDIRI (PERSERO) Tbk                                         PT BANK MANDIRI (PERSERO) Tbk
                DAN ENTITAS ANAKNYA                                                     AND ITS SUBSIDIARIES
          CATATAN ATAS LAPORAN KEUANGAN                                            NOTES TO THE CONSOLIDATED
                     KONSOLIDASIAN                                                     FINANCIAL STATEMENTS
           Tanggal 31 Desember 2025 dan untuk                                       As of 31 December 2025 and for
          Tahun Berakhir pada Tanggal Tersebut                                         for the Year Then Ended
             (Disajikan dalam jutaan Rupiah,                                       (Expressed in millions of Rupiah,
                 kecuali dinyatakan lain)                                              unless otherwise stated)

2.   INFORMASI KEBIJAKAN AKUNTANSI MATERIAL                          2.   MATERIAL ACCOUNTING POLICY INFORMATION
     (lanjutan)                                                           (continued)

     b.    Perubahan kebijakan akuntansi (lanjutan)                       b. Changes in accounting policies (continued)
           Pada tanggal 1 Januari 2025, terdapat standar                     On 1 January 2025, there are new and revised or
           baru dan penyesuaian atau amendemen terhadap                      amended towards several standards that are
           beberapa standar yang masih berlaku yang                          relevant to the Group operation which is effective for
           relevan dengan operasi Grup yang berlaku efektif                  application from that date as follows: (continued)
           sejak tanggal tersebut yaitu sebagai berikut:
           (lanjutan)
           Metode Transisi (lanjutan)                                        Transition methods (continued)
           2.   PSAK 109 "Instrumen Keuangan". PSAK ini                      2.    SFAS 109 “Financial Instruments” addresses
                mengatur pengakuan, pengukuran, dan                                the recognition, measurement, and disclosure
                pengungkapan     instrumen    keuangan                             of financial instruments coinciding with the
                sehubungan dengan penerapan PSAK 117.                              implementation of SFAS 117. (continued)
                (lanjutan)
                Dampak penerapan awal dari PSAK 117 dan                           The impact of this initial implementation of
                PSAK 109 adalah sebesar Rp385.209                                 SFAS 117 and SFAS 109 is amounted to
                (meningkatkan beban - bersih setelah pajak).                      Rp385,209 (increase expense - net of tax).
                Dikarenakan dampak penerapan awal ini tidak                       Since the initial implementation is insignificant
                signifikan terhadap laporan keuangan                              to the interim consolidated financial statements,
                konsolidasian     sehingga      Manajemen                         therefore Management decided to recognise
                memutuskan untuk mencatat dampak                                  the impact of this implementation in the
                penerapan tersebut pada laporan keuangan                          consolidated financial statements for the
                konsolidasian periode berjalan dan tidak                          current period and not restating the prior period
                melakukan penyajian kembali laporan                               consolidated financial statements.
                keuangan konsolidasian periode terdahulu.
           3.   Amendemen        PSAK     221    “Pengaruh                   3.    Amendments to SFAS 221 “The Effects of
                Perubahan Kurs Valuta Asing”, yang berlaku                         Changes in Foreign Exchange Rates”, is
                efektif 1 Januari 2025. Amendemen tentang                          effective 1 January 2025. This amendment
                kekurangan ketertukaran. Amendemen ini                             clarifies the requirements regarding the
                memperjelas pengaturan terkait kondisi ketika                      condition where the a currency is not
                suatu mata uang tidak tertukarkan serta                            exchangeable and its disclosure. The impact of
                pengungkapannya. Dampak atas penerapan                             the implementation of the amendments
                amendemen tersebut di atas tidak material                          mentioned above are not material to the
                terhadap laporan keuangan konsolidasian                            Group’s consolidated financial statements.
                Grup.
     c.    Instrumen keuangan                                             c. Financial instruments

           i.   Aset keuangan                                                i.   Financial assets
                Grup mengklasifikasikan aset keuangannya                           The Group classified its financial assets in the
                dalam kategori (a) aset keuangan yang diukur                       following categories (a) financial assets
                pada nilai wajar melalui laba rugi, (b) aset                       measured at fair value through profit or loss, (b)
                keuangan yang diukur pada nilai wajar melalui                      financial assets measured at fair value through
                penghasilan komprehensif lain dan (c) aset                         other comprehensive income, and (c) financial
                keuangan yang diukur pada biaya perolehan                          assets measured at amortised cost.
                diamortisasi.
                Grup memiliki instrumen keuangan utang dan                        The Group has debt financial instruments and
                instrumen     keuangan      ekuitas.    Grup                      equity financial instruments. The Group further
                selanjutnya mengukur semua investasi                              measures all equity investments at fair value.
                ekuitas pada nilai wajar. Saat pengakuan                          On initial recognition, the Group may make an
                awal, Grup dapat membuat pilihan yang tak                         irrevocable choice to subsequent changes in
                terbatalkan untuk menyajikan perubahan                            the fair value of investments in equity
                selanjutnya pada nilai wajar investasi dalam                      instruments in other comprehensive income.
                instrumen ekuitas dalam penghasilan
                komprehensif lain.
                                                                58
Page 1073
                                                                                         The original consolidated financial statements
                                                                                       included herein are in the Indonesian language.

            PT BANK MANDIRI (PERSERO) Tbk                                         PT BANK MANDIRI (PERSERO) Tbk
                DAN ENTITAS ANAKNYA                                                     AND ITS SUBSIDIARIES
          CATATAN ATAS LAPORAN KEUANGAN                                            NOTES TO THE CONSOLIDATED
                     KONSOLIDASIAN                                                     FINANCIAL STATEMENTS
           Tanggal 31 Desember 2025 dan untuk                                       As of 31 December 2025 and for
          Tahun Berakhir pada Tanggal Tersebut                                         for the Year Then Ended
             (Disajikan dalam jutaan Rupiah,                                       (Expressed in millions of Rupiah,
                 kecuali dinyatakan lain)                                              unless otherwise stated)

2.   INFORMASI KEBIJAKAN AKUNTANSI MATERIAL                          2.   MATERIAL ACCOUNTING POLICY INFORMATION
     (lanjutan)                                                           (continued)

     c.    Instrumen keuangan (lanjutan)                                  c. Financial instruments (continued)

           i.   Aset keuangan (lanjutan)                                     i.   Financial assets (continued)

                Grup menggunakan 2 (dua) dasar untuk                              The Group used 2 (two) methods to classify its
                mengklasifikasikan aset keuangan yaitu                            financial assets, which based on the Group’s
                model bisnis Grup dalam mengelola aset                            business model in managing the financial
                keuangan dan karakteristik arus kas                               asset, and the contractual cash flow of the
                kontraktual pembayaran pokok dan bunga                            financial assets Solely Payment of Principal
                (Solely Payment of Principal and Interest                         and interest (“SPPI”).
                (“SPPI”)) dari aset keuangan.

                Pengujian SPPI                                                    SPPI test

                Sebagai langkah pertama dari proses                               As a first step of its classification process, the
                klasifikasi,  Grup   menilai  persyaratan                         Group assesses the contractual terms of
                kontraktual keuangan untuk mengidentifikasi                       financial to identify whether they meet the SPPI
                apakah mereka memenuhi pengujian SPPI.                            test.

                Pokok pinjaman untuk tujuan pengujian ini                         Principal, for the purpose of this test is defined
                didefinisikan sebagai nilai wajar dari aset                       as the fair value of the financial asset at initial
                keuangan pada pengakuan awal dan dapat                            recognition and may change over the life of the
                berubah selama umur aset keuangan                                 financial asset (for example, if there are
                (misalnya, jika ada pembayaran pokok atau                         repayments of principal or amortisation of the
                amortisasi premi/diskon).                                         premium/discount).

                Elemen bunga yang paling signifikan dalam                         The most significant element of interest within
                perjanjian      kredit  biasanya      adalah                      a credit contract are typically the consideration
                pertimbangan atas nilai waktu dari uang dan                       for the time value of money and credit risk. To
                risiko kredit. Untuk membuat penilaian SPPI,                      perform the SPPI assessment, the Group
                Grup menerapkan pertimbangan dan                                  applies judgement and considers relevant
                memperhatikan faktor-faktor yang relevan                          factors such as the currency in which the
                seperti mata uang dimana aset keuangan                            financial asset is denominated, and the period
                didenominasikan dan periode pada saat suku                        for which the interest rate is set.
                bunga ditetapkan.

                Penilaian model bisnis                                            Business model assessment

                Grup    menentukan      model   bisnisnya                         The Group determines its business model at
                berdasarkan     tingkat    yang    paling                         the level that best reflects how the group
                mencerminkan bagaimana Grup mengelola                             manages a group of financial assets to achieve
                kelompok atas aset keuangannya untuk                              its business objective.
                mencapai tujuan bisnisnya.

                Model bisnis Grup tidak dinilai berdasarkan                        The Group’s business model is not assessed
                masing-masing instrumennya, tetapi pada                            by each instrument, but at a higher level of
                tingkat portofolio secara agregat yang lebih                       aggregated portfolios and is based on
                tinggi dan didasarkan pada faktor-faktor yang                      observable factors such as:
                dapat diamati seperti:

                -   Bagaimana kinerja model bisnis dan aset                        -   How the performance of the business
                    keuangan yang dimiliki dalam model                                 model and the financial assets held within
                    bisnis tersebut dievaluasi dan dilaporkan                          that business model are evaluated and
                    kepada personel manajemen kunci;                                   reported to the entity’s key management
                                                                                       personnel;




                                                                59
Page 1074
                                                                                            The original consolidated financial statements
                                                                                          included herein are in the Indonesian language.

            PT BANK MANDIRI (PERSERO) Tbk                                            PT BANK MANDIRI (PERSERO) Tbk
                DAN ENTITAS ANAKNYA                                                        AND ITS SUBSIDIARIES
          CATATAN ATAS LAPORAN KEUANGAN                                               NOTES TO THE CONSOLIDATED
                     KONSOLIDASIAN                                                        FINANCIAL STATEMENTS
           Tanggal 31 Desember 2025 dan untuk                                          As of 31 December 2025 and for
          Tahun Berakhir pada Tanggal Tersebut                                            for the Year Then Ended
             (Disajikan dalam jutaan Rupiah,                                          (Expressed in millions of Rupiah,
                 kecuali dinyatakan lain)                                                 unless otherwise stated)

2.   INFORMASI KEBIJAKAN AKUNTANSI MATERIAL                             2.   MATERIAL ACCOUNTING POLICY INFORMATION
     (lanjutan)                                                              (continued)

     c.    Instrumen keuangan (lanjutan)                                     c. Financial instruments (continued)

           i.   Aset keuangan (lanjutan)                                        i.   Financial assets (continued)

                Penilaian model bisnis (lanjutan)                                     Business model assessment (continued)

                Model bisnis Grup tidak dinilai berdasarkan                           The Group’s business model is not assessed
                masing-masing instrumennya, tetapi pada                               by each instrument, but at a higher level of
                tingkat portofolio secara agregat yang lebih                          aggregated portfolios and is based on
                tinggi dan didasarkan pada faktor-faktor yang                         observable factors such as: (continued)
                dapat diamati seperti: (lanjutan)

                -     Risiko yang mempengaruhi kinerja model                          -   The risks that affect the performance of the
                      bisnis (dan aset keuangan yang dimiliki                             business model (and the financial assets
                      dalam model bisnis tersebut) dan                                    held within that business model) and, in
                      khususnya, bagaimana cara risiko                                    particular the way those risks are
                      tersebut dikelola;                                                  managed;
                -     Bagaimana manajer bisnis dikompensasi                           -   How       business        managers       are
                      (misalnya,       apakah      kompensasi                             compensated (for example, whether the
                      didasarkan pada nilai wajar dari aset                               compensation is based on the fair value of
                      yang dikelola atau pada arus kas                                    the assets managed or on the contractual
                      kontraktual yang tertagih);                                         cash flows collected);
                -     Frekuensi, nilai dan waktu penjualan                            -   The expected frequency, value, and timing
                      yang diharapkan, juga merupakan aspek                               of sales are also important aspects of the
                      penting dari penilaian Grup.                                        Group’s assessment.

                Penilaian model bisnis didasarkan pada                               The business model assessment is based on
                skenario yang diharapkan secara wajar tanpa                          reasonably expected scenarios without taking
                mempertimbangkan skenario “worst case”                               “worst case” or “stress case” scenarios into
                atau “stress case”.                                                  account.

                Jika arus kas setelah pengakuan awal                                 If cash flows after initial recognition are realised
                direalisasikan dengan cara yang berbeda dari                         in a way that is different from the Group’s initial
                yang awal diharapkan, Grup tidak mengubah                            expectations, the Group does not change the
                klasifikasi aset keuangan dimiliki yang tersisa                      classification of the remaining financial assets
                dalam model bisnis tersebut, tetapi                                  held in that business model, but incorporates
                memasukkan informasi tersebut dalam                                  such information when assessing newly
                melakukan penilaian atas aset keuangan                               originated or newly purchased financial assets
                yang baru atau yang baru dibeli selanjutnya.                         going forward.

                (a)   Aset keuangan yang diukur pada nilai                            (a) Financial assets measured at fair value
                      wajar melalui laba rugi                                             through profit or loss

                      Aset keuangan diukur pada nilai wajar                               Financial assets are measured at fair value
                      melalui laba rugi kecuali tes model bisnis                          through profit or loss unless the business
                      dan     tes    arus    kas     kontraktual                          model test and the contractual cash flow
                      menunjukkan bahwa aset keuangan                                     test show that financial assets entering into
                      masuk ke dalam klasifikasian diukur                                 classifications are measured at amortised
                      pada biaya perolehan diamortisasi atau                              cost or fair value through other
                      nilai    wajar    melalui     penghasilan                           comprehensive income.
                      komprehensif lain.

                      Klasifikasi ini ditujukan untuk instrumen                           This classification is intended for held for
                      keuangan        yang      dimiliki   untuk                          trading financial instruments or at the time
                      diperdagangkan        atau    pada    saat                          of initial recognition has been determined
                      pengakuan awal telah ditetapkan oleh                                by the Group to be measured at fair value
                      Grup untuk diukur pada nilai wajar                                  through profit or loss.
                      melalui laba rugi.




                                                                   60
Page 1075
                                                                                             The original consolidated financial statements
                                                                                           included herein are in the Indonesian language.

            PT BANK MANDIRI (PERSERO) Tbk                                             PT BANK MANDIRI (PERSERO) Tbk
                DAN ENTITAS ANAKNYA                                                         AND ITS SUBSIDIARIES
          CATATAN ATAS LAPORAN KEUANGAN                                                NOTES TO THE CONSOLIDATED
                     KONSOLIDASIAN                                                         FINANCIAL STATEMENTS
           Tanggal 31 Desember 2025 dan untuk                                           As of 31 December 2025 and for
          Tahun Berakhir pada Tanggal Tersebut                                             for the Year Then Ended
             (Disajikan dalam jutaan Rupiah,                                           (Expressed in millions of Rupiah,
                 kecuali dinyatakan lain)                                                  unless otherwise stated)

2.   INFORMASI KEBIJAKAN AKUNTANSI MATERIAL                              2.   MATERIAL ACCOUNTING POLICY INFORMATION
     (lanjutan)                                                               (continued)

     c.    Instrumen keuangan (lanjutan)                                      c. Financial instruments (continued)

           i.   Aset keuangan (lanjutan)                                         i.   Financial assets (continued)

                Penilaian model bisnis (lanjutan)                                      Business model assessment (continued)

                (a)   Aset keuangan yang diukur pada nilai                             (a) Financial assets measured at fair value
                      wajar melalui laba rugi (lanjutan)                                   through profit or loss (continued)

                      Aset keuangan dikategorikan sebagai                                  A financial asset is classified as held for
                      dimiliki untuk diperdagangkan jika                                   trading, if it has been acquired or held
                      diperoleh atau dimiliki terutama untuk                               principally for the purpose of selling or
                      tujuan dijual atau dibeli kembali dalam                              buying in the near term or on initial
                      waktu dekat atau jika merupakan bagian                               recognition it is part of a portfolio of
                      dari portofolio instrumen keuangan                                   identified financial instruments that the
                      tertentu yang dikelola bersama dan                                   entity manages together and has a recent
                      terdapat bukti mengenai pola ambil                                   actual pattern of short-term profit-taking.
                      untung dalam jangka pendek yang
                      terkini.

                      Untuk entitas anak asuransi, aset                                    Financial assets for subsidiary in
                      keuangan dikategorikan sebagai aset                                  insurance industry classified at fair value
                      keuangan diukur pada nilai wajar melalui                             through profit or loss if the financial assets
                      laba     rugi,  jika      dimiliki   untuk                           are held to cover its insurance liabilities
                      mencadangkan        liabilitas     asuransi                          which measure at fair value of the
                      yang diukur pada nilai wajar dari aset                               underlying assets. Financial instruments
                      terkait. Instrumen keuangan yang                                     classified into this category are recognised
                      dikelompokkan ke dalam kategori ini                                  at fair value on initial recognition,
                      diakui pada nilai wajarnya pada saat                                 transaction costs are recognised directly in
                      pengakuan awal. Biaya transaksi diakui                               the consolidated statements of profit or
                      secara langsung ke dalam laporan laba                                loss and other comprehensive income.
                      rugi dan penghasilan komprehensif lain
                      konsolidasian.

                      Keuntungan dan kerugian yang timbul                                  Gains and losses arising from changes in
                      dari perubahan nilai wajar, penjualan                                fair value, sale of financial instruments and
                      instrumen keuangan dan pendapatan                                    interest income on financial instruments
                      bunga     dari  instrumen      keuangan                              measured at fair value through profit or
                      dalam kelompok nilai wajar melalui laba                              loss are recognised in the consolidated
                      rugi dicatat di akun pendapatan dari                                 statement of profit or loss and other
                      kelompok nilai wajar melalui laba rugi -                             comprehensive income recorded as
                      neto pada laporan laba rugi dan                                      income from fair value through profit or
                      penghasilan      komprehensif       lain                             loss classification - net.
                      konsolidasian.

                (b) Aset keuangan yang diukur pada nilai                               (b) Financial assets measured at fair value
                    wajar melalui penghasilan komprehensif                                 through other comprehensive income
                    lain

                      Aset keuangan dikelola dalam model                                   Financial assets are managed in
                      bisnis yang tujuannya akan terpenuhi                                 a business model which objectives will be
                      dengan     mendapatkan      arus    kas                              fulfilled by obtaining contractual cash flows
                      kontraktual dan menjual aset keuangan                                and selling financial assets and contractual
                      dan persyaratan kontraktual dari aset                                requirements of financial assets which on
                      keuangan yang pada tanggal tertentu                                  a certain date received cash flow solely
                      memperoleh arus kas yang semata dari                                 from payment of principal and interest of
                      pembayaran pokok dan bunga (solely                                   the amount owed.
                      payments of principal and interest) dari
                      jumlah pokok terutang.


                                                                    61
Page 1076
                                                                                          The original consolidated financial statements
                                                                                        included herein are in the Indonesian language.

            PT BANK MANDIRI (PERSERO) Tbk                                          PT BANK MANDIRI (PERSERO) Tbk
                DAN ENTITAS ANAKNYA                                                      AND ITS SUBSIDIARIES
          CATATAN ATAS LAPORAN KEUANGAN                                             NOTES TO THE CONSOLIDATED
                     KONSOLIDASIAN                                                      FINANCIAL STATEMENTS
           Tanggal 31 Desember 2025 dan untuk                                        As of 31 December 2025 and for
          Tahun Berakhir pada Tanggal Tersebut                                          for the Year Then Ended
             (Disajikan dalam jutaan Rupiah,                                        (Expressed in millions of Rupiah,
                 kecuali dinyatakan lain)                                               unless otherwise stated)

2.   INFORMASI KEBIJAKAN AKUNTANSI MATERIAL                           2.   MATERIAL ACCOUNTING POLICY INFORMATION
     (lanjutan)                                                            (continued)

     c.    Instrumen keuangan (lanjutan)                                   c. Financial instruments (continued)

           i.   Aset keuangan (lanjutan)                                      i.   Financial assets (continued)

                Penilaian model bisnis (lanjutan)                                  Business model assessment (continued)

                (b) Aset keuangan yang diukur pada nilai                            (b) Financial assets measured at fair value
                    wajar melalui penghasilan komprehensif                              through other comprehensive income
                    lain (lanjutan)                                                     (continued)

                    Pada     saat    pengakuan      awalnya,                            At the initial recognition, debt instruments
                    instrumen utang yang diukur pada nilai                              measured at fair value through other
                    wajar melalui penghasilan komprehensif                              comprehensive income are recognised at
                    lain diakui pada nilai wajarnya ditambah                            the fair value plus the transaction costs
                    biaya transaksi dan selanjutnya diukur                              and subsequently measured at fair value
                    pada nilai wajarnya dimana keuntungan                               where the gain or loss from changes in fair
                    atau kerugian atas perubahan nilai wajar,                           value, gain or loss from the exchange rate,
                    keuntungan atau kerugian atas selisih                               and impairment, are recognised as other
                    kurs dan kerugian penurunan nilai, diakui                           comprehensive income. Dividend from
                    sebagai penghasilan komprehensif lain.                              equity instrument is recognised in profit or
                    Dividen dari instrumen ekuitas diakui di                            loss.
                    dalam pos laba rugi.
                    Kerugian kredit ekspektasian diakui                                 Expected credit losses are recognised as
                    sebagai penambah dari penghasilan                                   additions of other comprehensive income
                    komprehensif lain di dalam laporan posisi                           in the statement of financial position (not
                    keuangan (tidak mengurangi jumlah                                   reducing the number of recorded financial
                    tercatat aset keuangan dalam laporan                                assets in financial statements). Interest
                    keuangan). Pendapatan bunga dihitung                                income is calculated using the effective
                    menggunakan metode suku bunga                                       interest rate method.
                    efektif.
                    Grup selanjutnya mengukur semua                                     The Group further measures all equity
                    investasi ekuitas pada nilai wajar. Jika                            investments at fair value. If Group
                    manajemen Grup telah memilih untuk                                  management has chosen to present fair
                    menyajikan keuntungan dan kerugian                                  value gains and losses on equity
                    nilai wajar atas investasi ekuitas dalam                            investments in other comprehensive
                    penghasilan komprehensif lain, tidak ada                            income, there is no reclassification of fair
                    reklasifikasi keuntungan dan kerugian                               value gains and losses to profit or loss
                    nilai wajar ke laba rugi setelah                                    upon derecognition of those investments.
                    penghentian      pengakuan       investasi                          Dividends from equity instruments are
                    tersebut. Dividen dari instrumen ekuitas                            recognised in profit or loss.
                    diakui di dalam pos laba rugi.

                (c) Aset keuangan yang diukur pada biaya                            (c) Financial assets measured at amortised
                    perolehan diamortisasi                                              cost

                    Aset keuangan diukur pada biaya                                     Financial assets are measured at
                    perolehan       diamortisasi   jika   aset                          amortised cost if the financial asset is
                    keuangan dikelola dalam model bisnis                                managed in a business model to obtain
                    yang bertujuan untuk memiliki aset                                  a contractual cash flow and the contractual
                    keuangan dalam rangka mendapatkan                                   arrangement of a financial asset at certain
                    arus kas kontraktual dan persyaratan                                date to obtain cash flow solely from
                    kontraktual dari aset keuangan yang                                 payments of principal and interest of the
                    pada tanggal tertentu memperoleh arus                               amount owed.
                    kas semata dari pembayaran pokok dan
                    bunga (solely payments of principal and
                    interest) dari jumlah pokok terutang.


                                                                 62
Page 1077
                                                                                              The original consolidated financial statements
                                                                                            included herein are in the Indonesian language.

            PT BANK MANDIRI (PERSERO) Tbk                                              PT BANK MANDIRI (PERSERO) Tbk
                DAN ENTITAS ANAKNYA                                                          AND ITS SUBSIDIARIES
          CATATAN ATAS LAPORAN KEUANGAN                                                 NOTES TO THE CONSOLIDATED
                     KONSOLIDASIAN                                                          FINANCIAL STATEMENTS
           Tanggal 31 Desember 2025 dan untuk                                            As of 31 December 2025 and for
          Tahun Berakhir pada Tanggal Tersebut                                              for the Year Then Ended
             (Disajikan dalam jutaan Rupiah,                                            (Expressed in millions of Rupiah,
                 kecuali dinyatakan lain)                                                   unless otherwise stated)

2.   INFORMASI KEBIJAKAN AKUNTANSI MATERIAL                              2.   MATERIAL ACCOUNTING POLICY INFORMATION
     (lanjutan)                                                               (continued)

     c.    Instrumen keuangan (lanjutan)                                      c. Financial instruments (continued)

           i.    Aset keuangan (lanjutan)                                        i.    Financial assets (continued)

                 Penilaian model bisnis (lanjutan)                                      Business model assessment (continued)

                 (c) Aset keuangan yang diukur pada biaya                               (c) Financial assets measured at amortised
                     perolehan diamortisasi (lanjutan)                                      cost (continued)

                     Pada saat pengakuan awal, aset                                         At initial recognition, the financial assets
                     keuangan yang diukur pada biaya                                        measured at amortised cost are
                     perolehan diamortisasi diakui pada nilai                               recognised at the fair value plus the
                     wajarnya ditambah biaya transaksi dan                                  transaction costs and subsequently
                     selanjutnya diukur pada biaya perolehan                                measured at amortised cost by using the
                     diamortisasi dengan menggunakan suku                                   effective interest rate.
                     bunga efektif.

                     Pendapatan bunga dari aset keuangan                                    Interest income from financial assets
                     yang diukur pada biaya perolehan                                       measured at amortised cost is recorded in
                     diamortisasi dicatat dalam laporan laba                                the consolidated statements of profit or
                     rugi dan penghasilan komprehensif lain                                 loss and other comprehensive income and
                     konsolidasian dan diakui sebagai                                       is recognised as "Interest income". When
                     “Pendapatan bunga”. Ketika penurunan                                   the decline in value occurs, the impairment
                     nilai terjadi, kerugian penurunan nilai                                loss is recognised as a deduction to the
                     diakui sebagai pengurang dari nilai                                    carrying amount of the financial asset and
                     tercatat aset keuangan dan diakui di                                   is recognised in the financial statements as
                     dalam laporan keuangan konsolidasian                                   "Allowance for impairment losses".
                     sebagai      “Pembentukan     cadangan
                     kerugian penurunan nilai”.

                 Pengakuan                                                             Recognition

                 Bank menggunakan akuntansi tanggal                                    The Bank use transactions date record to
                 perdagangan untuk mencatat transaksi efek-                            transactions in securities and government
                 efek dan obligasi pemerintah.                                         bonds.

           ii.   Liabilitas keuangan                                             ii.   Financial liabilities

                 Grup mengklasifikasikan liabilitas keuangan                           The Group classifies its financial liabilities into
                 dalam kategori (a) liabilitas keuangan yang                           the category of (a) financial liabilities measured
                 diukur pada nilai wajar melalui laba rugi dan;                        at fair value through profit or loss and; (b)
                 (b) liabilitas keuangan yang diukur dengan                            financial liabilities measured at amortised cost.
                 biaya perolehan diamortisasi.

                 (a) Liabilitas keuangan yang diukur pada nilai                        (a) Financial liabilities measured at fair value
                     wajar melalui laba rugi                                               through profit or loss

                     Kategori ini terdiri dari dua sub-kategori:                            This category comprises of two sub-
                     liabilitas   keuangan       diklasifikasikan                           categories: financial liabilities classified as
                     sebagai nilai wajar melalui laba rugi dan                              fair value through profit or loss and
                     liabilitas keuangan yang pada saat                                     financial liabilities designated by the Group
                     pengakuan awal telah ditetapkan oleh                                   as at fair value through profit or loss upon
                     Grup untuk diukur pada nilai wajar                                     initial recognition.
                     melalui laba rugi.




                                                                    63
Page 1078
                                                                                             The original consolidated financial statements
                                                                                           included herein are in the Indonesian language.

            PT BANK MANDIRI (PERSERO) Tbk                                             PT BANK MANDIRI (PERSERO) Tbk
                DAN ENTITAS ANAKNYA                                                         AND ITS SUBSIDIARIES
          CATATAN ATAS LAPORAN KEUANGAN                                                NOTES TO THE CONSOLIDATED
                     KONSOLIDASIAN                                                         FINANCIAL STATEMENTS
           Tanggal 31 Desember 2025 dan untuk                                           As of 31 December 2025 and for
          Tahun Berakhir pada Tanggal Tersebut                                             for the Year Then Ended
             (Disajikan dalam jutaan Rupiah,                                           (Expressed in millions of Rupiah,
                 kecuali dinyatakan lain)                                                  unless otherwise stated)

2.   INFORMASI KEBIJAKAN AKUNTANSI MATERIAL                             2.   MATERIAL ACCOUNTING POLICY INFORMATION
     (lanjutan)                                                              (continued)

     c.    Instrumen keuangan (lanjutan)                                     c. Financial instruments (continued)

           ii.   Liabilitas keuangan (lanjutan)                                 ii.   Financial liabilities (continued)

                 (a) Liabilitas keuangan yang diukur pada nilai                       (a) Financial liabilities measured at fair value
                     wajar melalui laba rugi (lanjutan)                                   through profit or loss (continued)

                     Liabilitas    keuangan    diklasifikasikan                            A financial liability is classified as fair value
                     sebagai nilai wajar melalui laba rugi jika                            through profit or loss, if it is acquired or
                     diperoleh terutama untuk tujuan dijual                                incurred principally for the purpose of
                     atau dibeli kembali dalam waktu dekat                                 selling or repurchasing it in the near term
                     atau jika merupakan bagian dari                                       or if it is part of a portfolio of identified
                     portofolio instrumen keuangan tertentu                                financial instruments that are managed
                     yang dikelola bersama dan terdapat bukti                              together and for which there is evidence of
                     mengenai pola ambil untung dalam                                      a recent actual pattern of short-term profit-
                     jangka pendek yang terkini. Derivatif                                 taking. Derivatives are also categorised as
                     diklasifikasikan sebagai liabilitas nilai                             fair value through profit or loss liabilities
                     wajar melalui laba rugi kecuali ditetapkan                            unless they are designated and effective
                     dan efektif sebagai instrumen lindung                                 as hedging instruments.
                     nilai arus kas.

                     Keuntungan dan kerugian yang timbul                                   Gains and losses arising from changes in
                     dari perubahan nilai wajar liabilitas                                 fair value of financial liabilities classified as
                     keuangan yang diklasifikasikan sebagai                                fair value through profit or loss are
                     nilai wajar melalui laba rugi dicatat dalam                           recorded in the consolidated statements of
                     laporan laba rugi dan penghasilan                                     profit or loss and other comprehensive
                     komprehensif lain konsolidasian sebagai                               income as income from fair value through
                     pendapatan dari kelompok nilai wajar                                  profit or loss - net. Interest expense from
                     melalui laba rugi - neto. Beban bunga                                 financial liability classified as trading are
                     dari liabilitas keuangan diklasifikasikan                             recorded as income from fair value through
                     sebagai nilai wajar melalui laba rugi                                 profit or loss - net.
                     dicatat di akun pendapatan dari
                     kelompok nilai wajar melalui laba rugi -
                     neto.

                     Jika Grup pada pengakuan awal telah                                   If the Group designated certain debt
                     menetapkan instrumen utang tertentu                                   securities upon initial recognition as at fair
                     sebagai nilai wajar melalui laba rugi (opsi                           value through profit or loss (fair value
                     nilai  wajar),      maka      selanjutnya,                            option), then this designation cannot be
                     penetapan ini tidak dapat diubah.                                     changed subsequently.

                     Perubahan nilai wajar terkait dengan                                  Changes of fair value related to financial
                     liabilitas keuangan yang ditetapkan untuk                             liabilities designated at fair value through
                     diukur pada nilai wajar melalui laba rugi                             profit or loss are recognised in income
                     diakui di dalam pendapatan dari                                       from fair value through profit or loss - net.
                     kelompok nilai wajar melalui laba rugi -
                     neto.




                                                                   64
Page 1079
                                                                                           The original consolidated financial statements
                                                                                         included herein are in the Indonesian language.

            PT BANK MANDIRI (PERSERO) Tbk                                           PT BANK MANDIRI (PERSERO) Tbk
                DAN ENTITAS ANAKNYA                                                       AND ITS SUBSIDIARIES
          CATATAN ATAS LAPORAN KEUANGAN                                              NOTES TO THE CONSOLIDATED
                     KONSOLIDASIAN                                                       FINANCIAL STATEMENTS
           Tanggal 31 Desember 2025 dan untuk                                         As of 31 December 2025 and for
          Tahun Berakhir pada Tanggal Tersebut                                           for the Year Then Ended
             (Disajikan dalam jutaan Rupiah,                                         (Expressed in millions of Rupiah,
                 kecuali dinyatakan lain)                                                unless otherwise stated)

2.   INFORMASI KEBIJAKAN AKUNTANSI MATERIAL                           2.   MATERIAL ACCOUNTING POLICY INFORMATION
     (lanjutan)                                                            (continued)

     c.    Instrumen keuangan (lanjutan)                                   c. Financial instruments (continued)

           ii.   Liabilitas keuangan (lanjutan)                               ii.   Financial liabilities (continued)

                 (a) Liabilitas keuangan yang diukur pada nilai                     (a) Financial liabilities measured at fair value
                     wajar melalui laba rugi (lanjutan)                                 through profit or loss (continued)

                     Beban bunga dari liabilitas keuangan                                Interest expense from financial liabilities
                     yang ditetapkan untuk diukur pada nilai                             designated at fair value through profit or
                     wajar melalui laba rugi dicatat di akun                             loss are recorded as income from fair
                     pendapatan dari kelompok nilai wajar                                value through profit or loss - net.
                     melalui laba rugi - neto.

                 (b) Liabilitas keuangan yang diukur dengan                         (b) Financial liabilities at amortised cost
                     biaya perolehan diamortisasi

                     Grup       mengklasifikasikan   seluruh                             The Group classifies all financial liabilities
                     liabilitas keuangan sehingga setelah                                after initial recognition as measured at
                     pengakuan awal liabilitas keuangan                                  amortised cost, except:
                     diukur      pada     biaya    perolehan
                     diamortisasi, kecuali:

                     1.   Liabilitas keuangan yang diukur                               1.    Financial liabilities measured at fair
                          pada nilai wajar melalui laba rugi;                                 value through profit or loss;
                     2.   Liabilitas keuangan yang timbul                                2.   Financial liabilities that arise when
                          ketika pengalihan aset keuangan                                     a transfer of a financial asset does not
                          tidak memenuhi syarat penghentian                                   qualify for derecognition or when the
                          pengakuan atau ketika pendekatan                                    continuing involvement approach is
                          keterlibatan           berkelanjutan                                applied;
                          diterapkan;
                     3.   Kontrak jaminan keuangan;                                      3.   Financial guarantee contracts;
                     4.   Komitmen      untuk    menyediakan                             4.   Commitment to provide loans at below
                          pinjaman dengan suku bunga di                                       market interest rates;
                          bawah pasar;
                     5.   Imbalan kontijensi yang akan                                   5.   Contingent reward recognised by the
                          diselesaikan dengan kas, dimana                                     acquirer in the business combination.
                          Grup bertindak selaku pihak
                          pengakuisisi     dalam     kombinasi
                          bisnis.

                     Pada saat pengakuan awal, liabilitas                                At initial recognition, financial liabilities at
                     keuangan yang diukur dengan biaya                                   amortised cost measured at fair value are
                     perolehan diamortisasi diukur pada nilai                            deducted by transaction cost. After initial
                     wajar dikurangi biaya transaksi. Setelah                            recognition, the Group measures all
                     pengakuan awal, Grup mengukur                                       financial liabilities at amortised cost using
                     seluruh liabilitas keuangan yang diukur                             the effective interest rate method. Effective
                     dengan biaya perolehan diamortisasi                                 interest rate amortisation is recognised as
                     dengan menggunakan metode suku                                      “Interest expense”.
                     bunga efektif. Amortisasi suku bunga
                     efektif diakui sebagai “Beban bunga”.




                                                                 65
Page 1080
                                                                                         The original consolidated financial statements
                                                                                       included herein are in the Indonesian language.

            PT BANK MANDIRI (PERSERO) Tbk                                       PT BANK MANDIRI (PERSERO) Tbk
                DAN ENTITAS ANAKNYA                                                   AND ITS SUBSIDIARIES
          CATATAN ATAS LAPORAN KEUANGAN                                          NOTES TO THE CONSOLIDATED
                     KONSOLIDASIAN                                                   FINANCIAL STATEMENTS
           Tanggal 31 Desember 2025 dan untuk                                     As of 31 December 2025 and for
          Tahun Berakhir pada Tanggal Tersebut                                       for the Year Then Ended
             (Disajikan dalam jutaan Rupiah,                                     (Expressed in millions of Rupiah,
                 kecuali dinyatakan lain)                                            unless otherwise stated)

2.   INFORMASI KEBIJAKAN AKUNTANSI MATERIAL                          2.   MATERIAL ACCOUNTING POLICY INFORMATION
     (lanjutan)                                                           (continued)

     c.    Instrumen keuangan (lanjutan)                                  c. Financial instruments (continued)

           iii. Penghentian pengakuan                                        iii. Derecognition

               Penghentian Pengakuan Aset Keuangan                               Derecognition of Financial Assets

               Penghentian pengakuan aset keuangan                               Financial assets are derecognised when the
               dilakukan ketika hak kontraktual atas arus kas                    contractual rights to receive the cash flows from
               yang berasal dari aset keuangan tersebut                          these assets have expired or matured or the
               berakhir, atau ketika aset keuangan tersebut                      assets have been transferred and substantially
               telah ditransfer dan secara substansial                           all the risks and rewards of ownership of the
               seluruh risiko dan manfaat atas kepemilikan                       assets are also transferred (if substantially all
               aset tersebut telah ditransfer (jika, secara                      the risks and rewards have not been
               substansial seluruh risiko dan manfaat tidak                      transferred, the Group evaluates to ensure that
               ditransfer, maka Grup melakukan evaluasi                          continuing involvement on the basis of any
               untuk memastikan keterlibatan berkelanjutan                       retained powers of control does not prevent
               atas kendali yang masih dimiliki tidak                            derecognition).
               mencegah penghentian pengakuan).

               Agunan yang diserahkan oleh Grup di dalam                         Collateral that is provided by the Group under
               perjanjian efek-efek yang dijual dengan janji                     the agreement of securities sold under
               untuk dibeli kembali dan transaksi securities                     agreements to repurchase and securities
               lending dan borrowing tidak dihentikan                            lending and borrowing transactions are not
               pengakuannya       karena    Grup      secara                     derecognised because the Group substantially
               substansial masih memiliki seluruh risiko dan                     has all the risks and benefits of the collateral,
               manfaat atas agunan tersebut, berdasarkan                         based on the requirement that the repurchase
               kesepakatan bahwa harga pembelian                                 price that has been determined at the
               kembali telah ditentukan di awal, sehingga                        beginning, so that the criteria for derecognition
               kriteria penghentian pengakuan tidak                              are not met.
               terpenuhi.

               Aset keuangan yang dialihkan kepada pihak                         Financial assets that are transferred to third
               ketiga tetapi tidak memenuhi syarat                               parties but do not qualify for derecognition
               penghentian pengakuan disajikan di dalam                          criteria are presented in the consolidated
               laporan posisi keuangan konsolidasian                             statements of financial position as “Other
               sebagai “Aset lain-lain - Tagihan atas efek-                      assets - Receivables from securities and
               efek dan obligasi pemerintah yang                                 government bonds pledged as collateral”,
               diagunkan”, dimana pihak penerima memiliki                        which the recipient has the right to sell or
               hak untuk menjual atau mentransfer kembali.                       transfer back.

               Penghentian       Pengakuan         Liabilitas                    Derecognition of Financial Liabilities
               Keuangan

               Penghentian pengakuan liabilitas keuangan                         Financial liabilities are derecognised when the
               dilakukan jika liabilitas keuangan tersebut                       financial liabilities have expired because the
               telah berakhir karena kewajiban yang                              obligations specified in the contract have been
               ditetapkan dalam kontrak telah dilepaskan,                        released, canceled or expired or if there is
               dibatalkan atau kedaluwarsa atau apabila                          a substantial change in the terms of a financial
               terdapat perubahan yang substansial dalam                         liability, the financial liability contract before the
               persyaratan suatu liabilitas keuangan, maka                       change will be written off and the Group will
               kontrak    liabilitas   keuangan    sebelum                       recognize the new financial liability.
               perubahan akan dihapus dan Grup akan
               mengakui liabilitas keuangan baru.




                                                                66
Page 1081
                                                                                       The original consolidated financial statements
                                                                                     included herein are in the Indonesian language.

            PT BANK MANDIRI (PERSERO) Tbk                                      PT BANK MANDIRI (PERSERO) Tbk
                DAN ENTITAS ANAKNYA                                                  AND ITS SUBSIDIARIES
          CATATAN ATAS LAPORAN KEUANGAN                                         NOTES TO THE CONSOLIDATED
                     KONSOLIDASIAN                                                  FINANCIAL STATEMENTS
           Tanggal 31 Desember 2025 dan untuk                                    As of 31 December 2025 and for
          Tahun Berakhir pada Tanggal Tersebut                                      for the Year Then Ended
             (Disajikan dalam jutaan Rupiah,                                    (Expressed in millions of Rupiah,
                 kecuali dinyatakan lain)                                           unless otherwise stated)

2.   INFORMASI KEBIJAKAN AKUNTANSI MATERIAL                         2.   MATERIAL ACCOUNTING POLICY INFORMATION
     (lanjutan)                                                          (continued)

     c.    Instrumen keuangan (lanjutan)                                 c. Financial instruments (continued)

           iii. Penghentian pengakuan (lanjutan)                            iii. Derecognition (continued)

               Hapus buku                                                       Write-offs

               Dalam hal penghapusbukuan aset keuangan                          In the case of financial assets’ write-off is
               merupakan      kelanjutan  dari   tindakan                       a continuation of the financial assets’
               penyelesaian aset keuangan dengan cara                           settlement by taking over collaterals, the
               pengambilalihan agunan, maka jumlah yang                         written-off amount is approximately equal to the
               dihapusbuku adalah sebesar selisih kurang                        difference between the fair value of
               antara nilai wajar agunan yang diambil alih                      repossessed assets after taking into account
               setelah memperhitungkan taksiran biaya                           the financial assets’ cost of sales and carrying
               penjualan dengan nilai tercatat aset                             amount.
               keuangan.

               Aset keuangan dapat dihapusbuku apabila                          Financial assets can be written-off when the
               cadangan kerugian penurunan nilai telah                          allowance for impairment losses have been
               dibentuk 100%.                                                   100% established.

               Penghapusbukuan        dilakukan  secara                         Full write-off is done to the financial assets’
               keseluruhan terhadap nilai tercatat aset                         carrying amount by debiting the allowance for
               keuangan dengan mendebit cadangan                                impairment losses.
               kerugian penurunan nilai.

           iv. Modifikasi atas arus kas aset keuangan                       iv. Modification of financial assets cash flow

               Penilaian      apakah     modifikasi    atau                     An assessment of whether a financial asset has
               restrukturisasi atas suatu aset keuangan                         been modified or restructured substantially or
               menghasilkan atau tidak menghasilkan                             not substantially derecognised is carried out by
               penghentian pengakuan, dilakukan oleh unit                       a business unit whose authorised to modify or
               bisnis     yang     berwenang     melakukan                      restructure financial assets.
               restrukturisasi aset keuangan tersebut.

               Grup mengakui aset keuangan dimodifikasi                         Modifications or restructuring to financial
               atau direstrukturisasi secara substansial dan                    assets are considered substantial and the
               menghasilkan       penghentian    pengakuan                      Group will cease to recognize the original
               ketika:                                                          financial assets when:

              (a) aset    keuangan       (atau    bagiannya)                    (a) the financial asset (or portion thereof)
                  berakhir, yaitu jika debitur secara hukum                         expires, that is, if the debtor is legally
                  dibebaskan dari tanggung jawab utama                              released from primary responsibility for the
                  atas aset tersebut (atau bagiannya), baik                         asset (or any portion thereof), either by
                  melalui proses hukum maupun oleh                                  legal process or by the creditor entering
                  kreditur pembuatan kontrak kredit baru                            into a new credit contract (for example, the
                  (sebagai contoh, opsi equity conversion);                         equity conversion option); or
                  atau

              (b) terdapat konversi mata uang.                                  (b) there is a currency conversion.




                                                               67
Page 1082
                                                                                           The original consolidated financial statements
                                                                                         included herein are in the Indonesian language.

            PT BANK MANDIRI (PERSERO) Tbk                                         PT BANK MANDIRI (PERSERO) Tbk
                DAN ENTITAS ANAKNYA                                                     AND ITS SUBSIDIARIES
          CATATAN ATAS LAPORAN KEUANGAN                                            NOTES TO THE CONSOLIDATED
                     KONSOLIDASIAN                                                     FINANCIAL STATEMENTS
           Tanggal 31 Desember 2025 dan untuk                                       As of 31 December 2025 and for
          Tahun Berakhir pada Tanggal Tersebut                                         for the Year Then Ended
             (Disajikan dalam jutaan Rupiah,                                       (Expressed in millions of Rupiah,
                 kecuali dinyatakan lain)                                              unless otherwise stated)

2.   INFORMASI KEBIJAKAN AKUNTANSI MATERIAL                            2.   MATERIAL ACCOUNTING POLICY INFORMATION
     (lanjutan)                                                             (continued)

     c.    Instrumen keuangan (lanjutan)                                    c. Financial instruments (continued)

           iv. Modifikasi atas arus kas aset keuangan                          iv. Modification of financial assets cash flow
               (lanjutan)                                                          (continued)

               Grup menilai apakah modifikasi atau                                 The Group will measure the substantially and
               restrukturisasi atas suatu aset keuangan                            not substantially modified financial assets as
               menghasilkan atau tidak menghasilkan                                follows:
               penghentian pengakuan dengan cara berikut:

               (a) Modifikasi  aset  keuangan    yang                               (a) Substantial modification of financial assets
                   menghasilkan penghentian pengakuan
                   aset keuangan

                   1.   Saat arus kas kontraktual atas aset                            1.   When the contractual cashflow on
                        keuangan direstrukturisasi atau                                     a financial asset is restructured or
                        dimodifikasi (antara lain ketika kredit                             modified (including when a credit is
                        direstrukturisasi)             dimana                               restructured) and the restructuring or
                        restrukturisasi    atau     modifikasi                              modification results in derecognition of
                        tersebut menghasilkan penghentian                                   the financial asset, therefore the Group
                        pengakuan aset keuangan, Grup                                       will record the financial asset as a
                        akan mencatat aset keuangan                                         new/modified financial asset on the
                        tersebut sebagai aset keuangan                                      modification/restructuring date.
                        baru/modifikasian pada tanggal
                        modifikasi/restrukturisasi.
                   2.   Selisih nilai tercatat aset keuangan                           2.   The difference between the gross
                        sebelum modifikasi/restrukturisasi                                  amount of the initial financial assets
                        dengan nilai wajar aset setelah                                     and the fair value of the modified or
                        modifikasi/restrukturisasi diakui di                                restructuring assets recorded as profit
                        laba rugi.                                                          or loss.
                   3.   Saat arus kas kontraktual atas aset                            3.   When the contractual cashflow on a
                        keuangan direstrukturisasi atau                                     financial asset is restructured or
                        dimodifikasi (antara lain ketika kredit                             modified (including when a credit is
                        direstrukturisasi)             dimana                               restructured) and the restructuring or
                        restrukturisasi    atau     modifikasi                              modification results in derecognition of
                        tersebut menghasilkan penghentian                                   the financial asset, therefore the Group
                        pengakuan aset keuangan, Grup                                       will record the financial asset as a
                        akan mencatat aset keuangan                                         new/modified financial asset on the
                        tersebut sebagai aset keuangan                                      modification/restructuring date.
                        baru/modifikasian pada tanggal
                        modifikasi/restrukturisasi.
                   4.   Selisih nilai tercatat aset keuangan                           4.   The difference between the gross
                        sebelum modifikasi/restrukturisasi                                  amount of the initial financial assets
                        dengan nilai wajar aset setelah                                     and the fair value of the modified or
                        modifikasi/restrukturisasi diakui di                                restructuring assets recorded as profit
                        laba rugi.                                                          or loss.
                   5.    Pendapatan atau biaya transaksi                               5.   Transaction income or costs incurred in
                         yang terjadi sehubungan dengan                                     connection with a modification event
                         kejadian modifikasi diakui sebagai                                 recognised as part of gain or loss on
                         bagian dari keuntungan atau                                        the modification.
                         kerugian atas modifikasi tersebut.
                   6.   Grup melakukan penilaian apakah                                6.   Group assess whether new/modified
                        aset keuangan baru/modifikasian                                     financial assets are assets originating
                        merupakan aset yang berasal dari                                    from impaired financial assets or
                        aset keuangan memburuk atau                                         Purchased or Originated Credit-
                        Purchased or Originated Credit-                                     Impaired (“POCI”) Financial Asset.
                        Impaired (“POCI”) Financial Asset.




                                                                  68
Page 1083
                                                                                            The original consolidated financial statements
                                                                                          included herein are in the Indonesian language.

            PT BANK MANDIRI (PERSERO) Tbk                                          PT BANK MANDIRI (PERSERO) Tbk
                DAN ENTITAS ANAKNYA                                                      AND ITS SUBSIDIARIES
          CATATAN ATAS LAPORAN KEUANGAN                                             NOTES TO THE CONSOLIDATED
                     KONSOLIDASIAN                                                      FINANCIAL STATEMENTS
           Tanggal 31 Desember 2025 dan untuk                                        As of 31 December 2025 and for
          Tahun Berakhir pada Tanggal Tersebut                                          for the Year Then Ended
             (Disajikan dalam jutaan Rupiah,                                        (Expressed in millions of Rupiah,
                 kecuali dinyatakan lain)                                               unless otherwise stated)

2.   INFORMASI KEBIJAKAN AKUNTANSI MATERIAL                             2.   MATERIAL ACCOUNTING POLICY INFORMATION
     (lanjutan)                                                              (continued)

     c.     Instrumen keuangan (lanjutan)                                    c. Financial instruments (continued)

            iv. Modifikasi atas arus kas aset keuangan                          iv. Modification of financial assets cash flow
                (lanjutan)                                                          (continued)
                Grup menilai apakah modifikasi atau                                 The Group will measure the substantially and
                restrukturisasi atas suatu aset keuangan                            not substantially modified financial assets as
                menghasilkan atau tidak menghasilkan                                follows: (continued)
                penghentian pengakuan dengan cara
                berikut: (lanjutan)
                (a) Modifikasi  aset    keuangan  yang                               (a) Substantial modification of financial assets
                    menghasilkan penghentian pengakuan                                   (continued)
                    aset keuangan (lanjutan)
                     7.   Pengakuan pendapatan bunga                                    7.    Recognition of interest income on
                          atas aset yang berasal dari aset                                    assets originating from Impaired
                          keuangan memburuk ditentukan                                        financial assets is calculated based on
                          berdasarkan suku bunga efektif                                      an effective interest rate adjusted for
                          yang telah disesuaikan dengan                                       credit risk (risk-adjusted effective
                          risiko kredit (risk-adjusted effective                              interest rate) to discount the cash flows
                          interest           rate)        untuk                               of modified financial assets.
                          mendiskontokan arus kas aset
                          keuangan yang telah dimodifikasi.
               (b)   Modifikasi aset keuangan yang tidak                            (b) Non-substantial modification of financial
                     menghasilkan penghentian pengakuan                                 assets
                     aset keuangan
                     1.   Saat Grup melakukan renegosiasi                                1.    When the Group renegotiates or
                          atau     modifikasi       arus     kas                               modifies contractual cash flows of
                          kontraktual atas aset keuangan                                       financial assets (including when loans
                          (antara      lain     ketika    kredit                               are restructured) that do not meet the
                          direstrukturisasi)      yang     tidak                               criteria for substantial modification of
                          memenuhi kriteria modifikasi aset                                    financial     assets     above,      the
                          keuangan yang substansial di atas,                                   restructuring or modification does not
                          maka        restrukturisasi       atau                               result in derecognition of the financial
                          modifikasi        tersebut       tidak                               assets.
                          menghasilkan             penghentian
                          pengakuan aset keuangan.
                     2.   Jumlah      tercatat     bruto    aset                         2.    The gross carrying amount of
                          keuangan dihitung sebesar nilai                                      financial assets is computed at the net
                          kini (net present value) dari arus                                   present value of modified or
                          kas neto kontraktual yang telah                                      restructured contractual cash flows,
                          dimodifikasi atau direstrukturisasi                                  discounted at the initial effective
                          yang didiskontokan menggunakan                                       interest rate.
                          suku bunga efektif awal.
                     3.   Grup       kemudian         mengakui                           3.    The Group then recognizes the gain
                          keuntungan atau kerugian dari                                        or loss from the modification (i.e the
                          modifikasi        (yaitu      sebesar                                change in the gross carrying amount
                          perubahan jumlah tercatat bruto                                      of the financial asset) in the profit or
                          aset keuangan) dalam laporan laba                                    loss.
                          rugi.
                     4.   Pendapatan atau biaya transaksi                                4.    Transaction income or costs incurred
                          yang terjadi sehubungan dengan                                       in connection with a modification
                          kejadian modifikasi diakui sebagai                                   event are recognised as an
                          penyesuaian terhadap jumlah                                          adjustment to the carrying amount of
                          tercatat aset keuangan yang telah                                    the modified financial asset and
                          dimodifikasi      dan     diamortisasi                               amortised over the remaining term of
                          selama sisa jangka waktu aset                                        the modified financial asset using the
                          keuangan modifikasian tersebut                                       initial effective interest rate.
                          dengan menggunakan suku bunga
                          efektif awal.
                                                                   69
Page 1084
                                                                                          The original consolidated financial statements
                                                                                        included herein are in the Indonesian language.

            PT BANK MANDIRI (PERSERO) Tbk                                          PT BANK MANDIRI (PERSERO) Tbk
                DAN ENTITAS ANAKNYA                                                      AND ITS SUBSIDIARIES
          CATATAN ATAS LAPORAN KEUANGAN                                             NOTES TO THE CONSOLIDATED
                     KONSOLIDASIAN                                                      FINANCIAL STATEMENTS
           Tanggal 31 Desember 2025 dan untuk                                        As of 31 December 2025 and for
          Tahun Berakhir pada Tanggal Tersebut                                          for the Year Then Ended
             (Disajikan dalam jutaan Rupiah,                                        (Expressed in millions of Rupiah,
                 kecuali dinyatakan lain)                                               unless otherwise stated)

2.   INFORMASI KEBIJAKAN AKUNTANSI MATERIAL                           2.   MATERIAL ACCOUNTING POLICY INFORMATION
     (lanjutan)                                                            (continued)

     c.    Instrumen keuangan (lanjutan)                                   c. Financial instruments (continued)

           iv. Modifikasi atas arus kas aset keuangan                         iv. Modification of financial assets cash flow
               (lanjutan)                                                         (continued)
                Grup menilai apakah modifikasi atau                                The Group will measure the substantially and
                restrukturisasi atas suatu aset keuangan                           not substantially modified financial assets as
                menghasilkan atau tidak menghasilkan                               follows: (continued)
                penghentian pengakuan dengan cara berikut:
                (lanjutan)
                (b) Modifikasi aset keuangan yang tidak                            (b) Non-substantial modification of financial
                    menghasilkan penghentian pengakuan                                 assets (continued)
                    aset keuangan (lanjutan)
                    5.   Selisih antara jumlah tercatat bruto                           5.   The difference between the gross
                         aset keuangan sebelum dan                                           carrying amount of a financial asset
                         sesudah          modifikasi      atau                               before and after modification or
                         restrukturisasi    diakui     sebagai                               restructuring is recognised as a gain
                         kerugian atau keuntungan aset                                       or loss of the modified financial asset,
                         keuangan        modifikasian,   yang                                which is an adjustment to the initial
                         merupakan penyesuaian terhadap                                      gross carrying amount and is
                         jumlah tercatat bruto awal dan                                      amortised over the remaining term of
                         diamortisasi selama sisa jangka                                     the financial asset using the initial
                         waktu aset keuangan dengan                                          effective interest rate (unwinding
                         menggunakan suku bunga efektif                                      interest).
                         awal (unwinding interest).

           v.   Reklasifikasi aset keuangan                                   v.   Reclassification of financial assets
                Grup diperkenankan untuk melakukan                                 The Group is allowed to reclassify the financial
                reklasifikasi atas aset keuangan yang dimiliki                     assets owned if the Group changes the
                jika Grup mengubah model bisnis untuk                              business model for managing the financial
                pengelolaan aset keuangan dan Grup tidak                           assets and the Group is not allowed to
                diperkenankan untuk melakukan reklasifikasi                        reclassify the financial liabilities.
                atas liabilitas keuangan.
                Perubahan model bisnis sifatnya harus                              Changes in the business model should
                berdampak secara signifikan terhadap                               significantly impact the Group's operational
                kegiatan    operasional    Grup    seperti                         activities such as acquiring, disposal or
                memperoleh, melepaskan, atau mengakhiri                            discontinued a line of business. In addition, the
                suatu lini bisnis. Selain itu, Grup perlu                          Group needs to prove the change of business
                membuktikan adanya perubahan tersebut                              model to external parties.
                kepada pihak eksternal.
                Grup akan mereklasifikasi seluruh aset                             The Group will reclassify all financial assets
                keuangan yang terkena dampak dari                                  impacted by changes in the business model.
                perubahan model bisnis. Perubahan tujuan                           The changes of the Group’s business model
                model bisnis Grup harus berdampak sebelum                          must occur before the reclassification date.
                tanggal reklasifikasi.
                Yang bukan merupakan perubahan model                               The following are not considered as change in
                bisnis adalah:                                                     business model:
                (a) perubahan intensi berkaitan dengan aset                        (a) the change of intention related to certain
                     keuangan tertentu (bahkan dalam situasi                           financial assets (even in situations of
                     perubahan signifikan dalam kondisi                                significant changes in market conditions).
                     pasar).
                (b) hilangnya sementara pasar tertentu                             (b) temporary loss of certain markets for
                     untuk aset keuangan.                                              financial assets.
                (c) pengalihan aset keuangan antara bagian                         (c) the transfer of financial assets between
                     dari Grup dengan model bisnis berbeda.                            parts of the Group and different business
                                                                                       models.
                                                                 70
Page 1085
                                                                                              The original consolidated financial statements
                                                                                            included herein are in the Indonesian language.

            PT BANK MANDIRI (PERSERO) Tbk                                           PT BANK MANDIRI (PERSERO) Tbk
                DAN ENTITAS ANAKNYA                                                       AND ITS SUBSIDIARIES
          CATATAN ATAS LAPORAN KEUANGAN                                              NOTES TO THE CONSOLIDATED
                     KONSOLIDASIAN                                                       FINANCIAL STATEMENTS
           Tanggal 31 Desember 2025 dan untuk                                         As of 31 December 2025 and for
          Tahun Berakhir pada Tanggal Tersebut                                           for the Year Then Ended
             (Disajikan dalam jutaan Rupiah,                                         (Expressed in millions of Rupiah,
                 kecuali dinyatakan lain)                                                unless otherwise stated)

2.   INFORMASI KEBIJAKAN AKUNTANSI MATERIAL                        2.     MATERIAL ACCOUNTING POLICY INFORMATION
     (lanjutan)                                                           (continued)

     c.    Instrumen keuangan (lanjutan)                                  c. Financial instruments (continued)

           v.   Reklasifikasi aset keuangan (lanjutan)                        v.    Reclassification         of     financial     assets
                                                                                    (continued)

                Dampak reklasifikasi aset keuangan                                  Impact of reclassificaton of financial assets

                Grup menerapkan reklasifikasi secara                                The Group applies the reclassifications
                prospektif dari tanggal reklasifikasi. Grup                         prospectively from the reclassification date.
                tidak menyajikan kembali keuntungan,                                The Group does not restate gain, losses
                kerugian    (termasuk   keuntungan     atau                         (including gains and impairment losses), or
                kerugian penurunan nilai), atau bunga yang                          previously recognised interest.
                diakui sebelumnya.

                Dampak reklasifikasi aset keuangan pada                             The impact of reclassification of financial asset
                laba rugi atau ekuitas dan pengukuran                               on profit or loss or equity and its initial
                awalnya adalah sebagai berikut:                                     measurement is as follows:

                     Reklasifikasi/               Dampak                 Dampak
                    Reclassification           Terhadap Laba            Terhadap                      Nilai Tercatat Awal
                                                   Rugi/                 Ekuitas/                    Setelah Reklasifikasi/
                   Dari/         Ke/           Impact to Profit         Impact to               Initial Carrying Amount After
                   From          To               or Loss                 Equity                        Reclassification
                                                                                       1. Nilai wajar pada tanggal reklasifikasi
                                                                                          menjadi jumlah tercatat bruto
                                                                                          yang baru./
                                                                                          Fair value at the reclassification date
                                                                                          becomes the new gross carrying
                 FVPL         Amortised    -                       -                      amount.
                               Cost                                                    2. Suku bunga efektif ditentukan pada
                                                                                          dasar nilai wajar aset pada tanggal
                                                                                          reklasifikasi./
                                                                                          Effective interest rate is determined at
                                                                                          the fair value of the asset at
                                                                                          reclassification date.
                                                                                       1. Aset keuangan tetap diukur pada nilai
                                                                                          wajarnya./
                                                                                           Financial assets is measured at fair
                                                                                          value.
                 FVPL         FVOCI        -                       -                   2. Suku bunga efektif ditentukan pada
                                                                                          dasar nilai wajar aset pada tanggal
                                                                                          reklasifikasi./
                                                                                          Effective interest rate is determined at
                                                                                          the fair value of the asset at
                                                                                          reclassification date.
                                           Selisih antara nilai
                                           tercatat sebelum
                                           reklasifikasi dan
                                           nilai wajar setelah                         Nilai wajarnya diukur pada tanggal
                 Amortised                 reklasifikasi./                             reklasifikasi./
                  Cost        FVPL         Difference in           -                   Fair value is measured at reclassification
                                           carrying amount                             date.
                                           before
                                           reclassification
                                           and fair value after
                                           reclassification.




                                                              71
Page 1086
                                                                                             The original consolidated financial statements
                                                                                           included herein are in the Indonesian language.

            PT BANK MANDIRI (PERSERO) Tbk                                            PT BANK MANDIRI (PERSERO) Tbk
                DAN ENTITAS ANAKNYA                                                        AND ITS SUBSIDIARIES
          CATATAN ATAS LAPORAN KEUANGAN                                               NOTES TO THE CONSOLIDATED
                     KONSOLIDASIAN                                                        FINANCIAL STATEMENTS
           Tanggal 31 Desember 2025 dan untuk                                          As of 31 December 2025 and for
          Tahun Berakhir pada Tanggal Tersebut                                            for the Year Then Ended
             (Disajikan dalam jutaan Rupiah,                                          (Expressed in millions of Rupiah,
                 kecuali dinyatakan lain)                                                 unless otherwise stated)

2.   INFORMASI KEBIJAKAN AKUNTANSI MATERIAL                         2.     MATERIAL ACCOUNTING POLICY INFORMATION
     (lanjutan)                                                            (continued)

     c.    Instrumen keuangan (lanjutan)                                   c. Financial instruments (continued)

           v.   Reklasifikasi aset keuangan (lanjutan)                          v.   Reclassification        of     financial    assets
                                                                                     (continued)

                Dampak       reklasifikasi    aset   keuangan                        Impact of reclassificaton of financial assets
                (lanjutan)                                                           (continued)

                Dampak reklasifikasi aset keuangan pada                              The impact of reclassification of financial asset
                laba rugi atau ekuitas dan pengukuran                                on profit or loss or equity and its initial
                awalnya adalah sebagai berikut: (lanjutan)                           measurement is as follows: (continued)

                        Reklasifikasi/              Dampak
                       Reclassification          Terhadap Laba              Dampak                         Nilai Tercatat Awal
                                                     Rugi/                  Terhadap                      Setelah Reklasifikasi/
                     Dari/            Ke/        Impact to Profit            Ekuitas/                Initial Carrying Amount After
                     From             To            or Loss              Impact to Equity                    Reclassification
                                                                         Selisih antara         1.    Nilai wajarnya diukur pada
                                                                         nilai tercatat               tanggal reklasifikasi./
                                                                         sebelum                      Fair value is measured at
                                                                         reklasifikasi dan            reclassification date.
                                                                         nilai wajar            2.    Suku bunga efektif dan
                                                                         setelah                      pengukuran kerugian kredit
                 Amortised        FVOCI          -                       reklasifikasi./              ekspektasian tidak perlu
                  Cost                                                   Difference        in         disesuaikan./
                                                                         carrying amount              Effective interest rate and
                                                                         before                       expected credit loss is not
                                                                         reclassification             adjusted.
                                                                         and fair value
                                                                         after
                                                                         reclassification.
                                                                                                1.    Nilai wajar pada tanggal
                                                                                                      reklasifikasi menjadi jumlah
                                                                         Keuntungan atau              tercatat bruto yang baru
                                                                         kerugian                     ditambah atau dikurangi
                                                                         kumulatif dihapus            keuntungan atau kerugian
                                                                         dari ekuitas dan             kumulatif sebelumnya./
                                                                         disesuaikan                  Fair value at the reclassification
                                                                         terhadap nilai               date becomes the new gross
                 FVOCI            Amortised      -                       wajar./                      carrying amount by added or
                                   Cost                                  Cumulative gain              deducted the previous
                                                                         or loss on equity            cumulative gain or loss.
                                                                         is taken out and       2.    Suku bunga efektif dan
                                                                         adjusted                     pengukuran kerugian kredit
                                                                         against the fair             ekspektasian tidak perlu
                                                                         value of the                 disesuaikan./
                                                                         financial asset              Effective interest rate and
                                                                                                      expected credit loss is not
                                                                                                      adjusted.
                                                 Keuntungan atau kerugian kumulatif             Aset keuangan tetap diukur pada
                                                 direklasifikasi dari ekuitas menjadi           nilai wajarnya./
                                  FVPL           laba rugi./                                    Financial assets is measured at fair
                                                 Cumulative gain or loss on equity is           value.
                                                 reclassified to profit or loss.




                                                              72
Page 1087
                                                                                        The original consolidated financial statements
                                                                                      included herein are in the Indonesian language.

            PT BANK MANDIRI (PERSERO) Tbk                                        PT BANK MANDIRI (PERSERO) Tbk
                DAN ENTITAS ANAKNYA                                                    AND ITS SUBSIDIARIES
          CATATAN ATAS LAPORAN KEUANGAN                                           NOTES TO THE CONSOLIDATED
                     KONSOLIDASIAN                                                    FINANCIAL STATEMENTS
           Tanggal 31 Desember 2025 dan untuk                                      As of 31 December 2025 and for
          Tahun Berakhir pada Tanggal Tersebut                                        for the Year Then Ended
             (Disajikan dalam jutaan Rupiah,                                      (Expressed in millions of Rupiah,
                 kecuali dinyatakan lain)                                             unless otherwise stated)

2.   INFORMASI KEBIJAKAN AKUNTANSI MATERIAL                          2.   MATERIAL ACCOUNTING POLICY INFORMATION
     (lanjutan)                                                           (continued)

     c.    Instrumen keuangan (lanjutan)                                  c. Financial instruments (continued)

           vi. Klasifikasi atas instrumen keuangan                           vi. Classification of financial instruments

               Grup mengklasifikasikan aset keuangan ke                          The Group classifies the financial instruments
               dalam klasifikasi tertentu sesuai dengan hasil                    into classes in accordance with the results of
               pengujian model bisnis dan karakteristik arus                     business model testing and contractual
               kas kontraktual. Klasifikasi aset keuangan                        cashflow characteristics. The classification of
               dapat dilihat pada tabel di bawah ini:                            financial instrument can be seen in the table
                                                                                 below:

                                  Klasifikasi/Classification                                      Golongan/Class

                                                                                    Efek-efek/Marketable securities

                                                                                    Obligasi Pemerintah/Government bonds
                                         Aset keuangan yang diukur pada
                                         nilai wajar melalui laba rugi (FVPL)/      Tagihan derivatif (tidak terkait lindung nilai)/
                                         Financial assets measured at fair          Derivative receivables - non hedging related
                                         value through profit or loss (FVPL)
                                                                                    Kredit yang diberikan/Loans

                                                                                    Penyertaan saham/Investments in shares

                                         Aset keuangan yang diukur pada             Efek-efek/Marketable securities
                                         nilai wajar melalui penghasilan
                                                                                    Obligasi Pemerintah/Government bonds
                                         komprehensif lainnya (FVOCI)/
                                         Financial assets measured
                                                                                    Kredit yang diberikan/Loans
                                         at fair value through other
                                         comprehensive income (FVOCI)               Penyertaan saham/Investments in shares
                                                                                    Giro pada Bank Indonesia/
                                                                                    Current accounts with Bank Indonesia
                Aset keuangan/                                                      Giro pada bank lain/
                  Financial assets                                                  Current accounts with other banks
                                                                                    Penempatan pada Bank Indonesia dan bank
                                                                                    lain/Placements with Bank Indonesia and
                                                                                    other banks
                                                                                    Tagihan lainnya - transaksi perdagangan/
                                                                                    Other receivables - trade transaction
                                         Aset keuangan yang diukur pada             Efek-efek/Marketable securities
                                            biaya perolehan diamortisasi/
                                         Financial assets measured at               Obligasi Pemerintah/Government bonds
                                            amortised cost (Amortised Cost)
                                                                                    Tagihan atas efek-efek yang dibeli dengan
                                                                                    janji dijual kembali/Securities purchased
                                                                                    under agreements to resell
                                                                                    Piutang pembiayaan konsumen/Consumer
                                                                                    financing receivables
                                                                                    Kredit yang diberikan dan
                                                                                    piutang/pembiayaan syariah/Loans and
                                                                                    sharia receivable/financing
                                                                                    Tagihan akseptasi/Acceptance receivables




                                                                73
Page 1088
                                                                                           The original consolidated financial statements
                                                                                         included herein are in the Indonesian language.

            PT BANK MANDIRI (PERSERO) Tbk                                          PT BANK MANDIRI (PERSERO) Tbk
                DAN ENTITAS ANAKNYA                                                      AND ITS SUBSIDIARIES
          CATATAN ATAS LAPORAN KEUANGAN                                             NOTES TO THE CONSOLIDATED
                     KONSOLIDASIAN                                                      FINANCIAL STATEMENTS
           Tanggal 31 Desember 2025 dan untuk                                        As of 31 December 2025 and for
          Tahun Berakhir pada Tanggal Tersebut                                          for the Year Then Ended
             (Disajikan dalam jutaan Rupiah,                                        (Expressed in millions of Rupiah,
                 kecuali dinyatakan lain)                                               unless otherwise stated)

2.   INFORMASI KEBIJAKAN AKUNTANSI MATERIAL                           2.   MATERIAL ACCOUNTING POLICY INFORMATION
     (lanjutan)                                                            (continued)

     c.    Instrumen keuangan (lanjutan)                                   c.   Financial instruments (continued)

           vi. Klasifikasi   atas     instrumen    keuangan                     vi. Classification    of   financial     instruments
               (lanjutan)                                                           (continued)

               Grup mengklasifikasikan aset keuangan ke                             The Group classifies the financial instruments
               dalam klasifikasi tertentu sesuai dengan hasil                       into classes in accordance with the results of
               pengujian model bisnis dan karakteristik arus                        business model testing and contractual
               kas kontraktual. Klasifikasi aset keuangan                           cashflow characteristics. The classification of
               dapat dilihat pada tabel di bawah ini:                               financial instrument can be seen in the table
               (lanjutan)                                                           below: (continued)

                                    Klasifikasi/Classification                                       Golongan/Class
                                           Liabilitas keuangan yang diukur
                                             pada nilai wajar melalui laba rugi/      Liabilitas derivatif bukan lindung nilai/
                                           Financial liabilities measured at fair     Derivative payables - non hedging related
                                           value through profit or loss
                                                                                    Giro/Demand deposits
                                                                                    Tabungan/Saving deposits
                                                                                    Deposito berjangka/Time deposits
                                                                                    Simpanan dari bank lain/Deposits from
                Liabilitas keuangan/                                                other banks
                 Financial liabilities     Liabilitas keuangan yang diukur          Liabilitas atas efek-efek yang dijual dengan
                                             dengan biaya perolehan                 janji dibeli kembali/Securities sold under
                                             diamortisasi/Financial liabilities     agreements to repurchase
                                             measured at amortised cost             Liabilitas akseptasi/Acceptance payables
                                                                                    Efek-efek yang diterbitkan/Debt securities
                                                                                    issued
                                                                                    Pinjaman yang diterima/Fund borrowings
                                                                                    Pinjaman subordinasi/Subordinated loans
                                                                                    Setoran jaminan/Guarantee deposits
                Rekening                   Fasilitas kredit yang diberikan yang belum digunakan (committed)/
                 administratif/            Unused loan facilities (committed)
                 Administrative            Letters of credit yang tidak dapat dibatalkan/Irrevocable letter of credit
                 accounts                  Garansi yang diberikan yang memenuhi definisi kontrak jaminan keuangan/
                                           Bank guarantees issued that meet the definition of a financial guarantee contract
                                           Standby letters of credit

           vii. Saling hapus instrumen keuangan                                 vii. Offsetting financial instruments

               Aset keuangan dan liabilitas keuangan saling                         Financial assets and liabilities are offset and
               hapus disajikan dalam laporan posisi                                 the net amount presented in the consolidated
               keuangan konsolidasian jika memiliki hak                             statement of financial position when there is a
               yang berkekuatan hukum untuk melakukan                               legally enforceable right to offset the
               saling hapus atas jumlah yang telah diakui                           recognised amounts and an intention to settle
               tersebut dan berniat untuk menyelesaikan                             on a net basis or realised the asset and settle
               secara neto atau untuk merealisasikan aset                           the liability simultaneously.
               dan menyelesaikan liabilitasnya secara
               simultan.




                                                                 74
Page 1089
                                                                                         The original consolidated financial statements
                                                                                       included herein are in the Indonesian language.

            PT BANK MANDIRI (PERSERO) Tbk                                        PT BANK MANDIRI (PERSERO) Tbk
                DAN ENTITAS ANAKNYA                                                    AND ITS SUBSIDIARIES
          CATATAN ATAS LAPORAN KEUANGAN                                           NOTES TO THE CONSOLIDATED
                     KONSOLIDASIAN                                                    FINANCIAL STATEMENTS
           Tanggal 31 Desember 2025 dan untuk                                      As of 31 December 2025 and for
          Tahun Berakhir pada Tanggal Tersebut                                        for the Year Then Ended
             (Disajikan dalam jutaan Rupiah,                                      (Expressed in millions of Rupiah,
                 kecuali dinyatakan lain)                                             unless otherwise stated)

2.   INFORMASI KEBIJAKAN AKUNTANSI MATERIAL                           2.   MATERIAL ACCOUNTING POLICY INFORMATION
     (lanjutan)                                                            (continued)

     c.    Instrumen keuangan (lanjutan)                                   c. Financial instruments (continued)

           vii. Saling     hapus    instrumen      keuangan                   vii. Offsetting financial instruments (continued)
                (lanjutan)

               Hak yang berkekuatan hukum berarti:                                This means that the right to offset:

               a.   tidak terdapat kontinjensi di masa yang                       a.   must not be contingent on a future event,
                    akan datang, dan                                                   and
               b.   hak yang dapat dipaksakan secara                              b.   must be legally enforceable in all of the
                    hukum pada kondisi-kondisi berikut ini:                            following circumstances:
                    i.   kegiatan bisnis normal;                                       i.   the normal course of business;
                    ii. kondisi kegagalan usaha; dan                                   ii. the event of default; and
                    iii. kondisi gagal bayar atau bangkrut.                            iii. the event of insolvency or bankruptcy.

           viii. Cadangan kerugian penurunan nilai aset                       viii. Allowance for impairment losses of financial
                 keuangan                                                           assets

               Penerapan PSAK 109 “Instrumen Keuangan”                            The implementation of SFAS 109 "Financial
               telah mengubah       metode perhitungan                            Instruments" has changed the method of
               kerugian penurunan nilai dari pendekatan                           calculating impairment losses from the incurred
               kerugian yang telah terjadi (incurred loss)                        loss approach in SFAS 239 "Financial
               dalam PSAK 239 “Instrumen Keuangan:                                Instruments: Recognition and Measurement"
               Pengakuan dan Pengukuran” dengan                                   with the expected credit loss approach.
               pendekatan kerugian kredit ekspektasian.

               Ruang lingkup penurunan nilai                                      Scope of impairment

               a)   Aset keuangan dalam klasifikasi selain                        a)   Financial assets in other than those
                    yang diukur pada nilai wajar melalui laba                          measured at fair value through profit or
                    rugi                                                               loss

                    1)   Penurunan nilai atas aset keuangan                            1)   Impairment of financial assets at
                         pada biaya perolehan diamortisasi                                  amortised cost is recognised as
                         diakui sebagai pengurang dari nilai                                a deduction from the asset's carrying
                         tercatat aset di dalam laporan posisi                              amount in the consolidated statement
                         keuangan konsolidasian, dan diakui                                 of financial position, and recognised in
                         di dalam laporan laba rugi                                         the consolidated income statement as
                         konsolidasian        sebagai "Beban                                "Allowance for Impairment Losses".
                         Pembentukan Cadangan Kerugian
                         Penurunan Nilai".

                    2)   Penurunan nilai atas aset keuangan                            2)   Impairment      of   financial    assets
                         (di luar instrumen ekuitas) yang                                   (excluding      equity      instruments)
                         diukur pada nilai wajar melalui                                    measured at fair value through other
                         penghasilan komprehensif lain diakui                               comprehensive income is recognised
                         sebagai penambah dari penghasilan                                  as an addition to other comprehensive
                         komprehensif lainnya di dalam                                      income in the consolidated statement
                         laporan       posisi       keuangan                                of financial position (not reducing the
                         konsolidasian (tidak mengurangi                                    carrying amount of financial assets in
                         jumlah tercatat aset keuangan dalam                                the     financial    statements)     as
                         laporan      keuangan)       sebagai                               "Unrealised Gain or Loss " and
                         "Keuntungan/Kerugian yang Belum                                    recognised in the consolidated income
                         Direalisasikan", dan diakui di dalam                               statement      as     "Allowance     for
                         laporan laba rugi konsolidasian                                    Impairment Losses".
                         sebagai     "Beban     Pembentukan
                         Cadangan kerugian penurunan
                         nilai".



                                                                 75
Page 1090
                                                                                         The original consolidated financial statements
                                                                                       included herein are in the Indonesian language.

            PT BANK MANDIRI (PERSERO) Tbk                                        PT BANK MANDIRI (PERSERO) Tbk
                DAN ENTITAS ANAKNYA                                                    AND ITS SUBSIDIARIES
          CATATAN ATAS LAPORAN KEUANGAN                                           NOTES TO THE CONSOLIDATED
                     KONSOLIDASIAN                                                    FINANCIAL STATEMENTS
           Tanggal 31 Desember 2025 dan untuk                                      As of 31 December 2025 and for
          Tahun Berakhir pada Tanggal Tersebut                                        for the Year Then Ended
             (Disajikan dalam jutaan Rupiah,                                      (Expressed in millions of Rupiah,
                 kecuali dinyatakan lain)                                             unless otherwise stated)

2.   INFORMASI KEBIJAKAN AKUNTANSI MATERIAL                           2.   MATERIAL ACCOUNTING POLICY INFORMATION
     (lanjutan)                                                            (continued)

     c.    Instrumen keuangan (lanjutan)                                   c. Financial instruments (continued)

           viii. Cadangan kerugian penurunan nilai aset                       viii. Allowance for impairment losses of financial
                 keuangan (lanjutan)                                                assets (continued)

               Ruang lingkup penurunan nilai (lanjutan)                           Scope of impairment (continued)

               b) Komitmen Pinjaman atau Kelonggaran                              b)   Loan Commitments or Committed Unused
                  Tarik yang Sifatnya Tidak Dapat                                      Loan Facilities
                  Dibatalkan (Committed)

                    1)   Penurunan nilai atas komitmen                                 1)   Impairment of loan commitments is
                         pinjaman diakui sebagai provisi pada                               recognised as provision for the Bank's
                         komponen liabilitas Bank yang                                      liability component which is recorded
                         dicatat secara terpisah dari aset                                  separately from the related loan
                         pinjaman yang terkait sebagai                                      assets as "Estimated losses on
                         "Estimasi kerugian atas komitmen                                   commitments and contingencies",
                         dan kontijensi", kecuali Grup tidak                                unless the Group cannot identify it
                         dapat     mengidentifikasi   secara                                separately.
                         terpisah.

                    2)   Dalam kondisi tersebut, penurunan                             2)   In that case, the impairment of loan
                         nilai atas komitmen pinjaman dan                                   commitments and loan assets is
                         aset pinjaman diakui bersama                                       recognised together as a deduction
                         sebagai pengurang dari nilai tercatat                              from the carrying amount of the
                         aset di dalam laporan posisi                                       assets in the consolidated statement
                         keuangan konsolidasian.                                            of financial position.

               c)   Kontrak Jaminan Keuangan Penurunan                            c)   Financial Guarantee Contract Impairment
                    nilai atas kontrak jaminan keuangan                                of financial guarantee contracts is
                    diakui sebagai provisi pada komponen                               recognised as a provision under the
                    liabilitas Bank sebagai "Estimasi kerugian                         Bank's liability component as "Estimated
                    atas komitmen dan kontinjensi".                                    losses      on      commitments     and
                                                                                       contingencies".

               Evaluasi penurunan nilai yang dilakukan                             Periodic evaluation       on    impairment       of
               secara periodik                                                     financial assets

              Pada setiap tanggal laporan posisi keuangan                         The Group assesses at each reporting date
              konsolidasian, Grup mengevaluasi apakah                             whether there is a significant increase in credit
              terdapat peningkatan risiko kredit yang                             risk or objective evidence that a financial asset
              signifikan atau terdapat bukti objektif                             or group of financial assets is impaired.
              terjadinya penurunan nilai.

              Kriteria yang digunakan oleh Grup untuk                             The criteria that the Group uses to determine
              menentukan bukti objektif dari penurunan nilai                      that there is objective evidence of impairment
              adalah sebagai berikut:                                             loss include:

              a)    Kesulitan keuangan signifikan yang                            a)   Significant financial difficulty of the issuer
                    dialami penerbit atau pihak peminjam;                              or obligor;

              b)    Pelanggaran kontrak, seperti peristiwa                        b)   A breach of contract, such as
                    gagal bayar atau peristiwa tunggakan                               a default or delinquency in interest or
                    bunga atau pokok;                                                  principal payments;




                                                                 76
Page 1091
                                                                                       The original consolidated financial statements
                                                                                     included herein are in the Indonesian language.

            PT BANK MANDIRI (PERSERO) Tbk                                      PT BANK MANDIRI (PERSERO) Tbk
                DAN ENTITAS ANAKNYA                                                  AND ITS SUBSIDIARIES
          CATATAN ATAS LAPORAN KEUANGAN                                         NOTES TO THE CONSOLIDATED
                     KONSOLIDASIAN                                                  FINANCIAL STATEMENTS
           Tanggal 31 Desember 2025 dan untuk                                    As of 31 December 2025 and for
          Tahun Berakhir pada Tanggal Tersebut                                      for the Year Then Ended
             (Disajikan dalam jutaan Rupiah,                                    (Expressed in millions of Rupiah,
                 kecuali dinyatakan lain)                                           unless otherwise stated)

2.   INFORMASI KEBIJAKAN AKUNTANSI MATERIAL                         2.   MATERIAL ACCOUNTING POLICY INFORMATION
     (lanjutan)                                                          (continued)

     c.    Instrumen keuangan (lanjutan)                                 c. Financial instruments (continued)

           viii. Cadangan kerugian penurunan nilai aset                     viii. Allowance for impairment losses of financial
                 keuangan (lanjutan)                                              assets (continued)

               Evaluasi penurunan nilai yang dilakukan                           Periodic evaluation on impairment                of
               secara periodik (lanjutan)                                        financial assets (continued)

              Kriteria yang digunakan oleh Grup untuk                           The criteria that the Group uses to determine
              menentukan bukti objektif dari penurunan nilai                    that there is objective evidence of impairment
              adalah sebagai berikut: (lanjutan)                                loss include: (continued)

              c)   Pihak pemberi pinjaman, untuk alasan                         c)   The lender, for economic or legal reasons
                   ekonomi atau kontraktual sehubungan                               relating to the borrower’s financial
                   dengan kesulitan keuangan yang dialami                            difficulty, granting to the borrower
                   pihak peminjam, telah memberikan                                  a concession that the lender would not
                   konsesi pada pihak peminjam yang tidak                            otherwise consider if the borrower is not
                   mungkin diberikan jika pihak peminjam                             having that financial difficulty;
                   tidak mengalami kesulitan tersebut;

              d)   Terjadi kemungkinan bahwa pihak                              d)   There is a probability that the borrower will
                   peminjam akan dinyatakan pailit atau                              enter bankruptcy or other financial
                   melakukan   reorganisasi  keuangan                                reorganisation;
                   lainnya;

              e)   Hilangnya pasar aktif dari aset keuangan                     e)   The disappearance of an active market for
                   akibat kesulitan keuangan; atau                                   that financial asset because of financial
                                                                                     difficulties; or

              f)   Pembelian   atau   penerbitan      aset                      f)   Purchase or issuance of financial asset at
                   keuangan dengan diskon sangat besar                               significant discount which reflects the
                   yang mencerminkan kerugian kredit yang                            credit loss that occurs.
                   terjadi.

              Grup menggunakan kriteria tambahan untuk                          The Group uses additional criteria to determine
              menentukan    kualitas   aset    instrumen                        the quality of financial instrument assets in
              keuangan sesuai dengan Peraturan Otoritas                         accordance with the Financial Services
              Jasa          Keuangan              (POJK)                        Authority          Regulation           (POJK)
              No. 40/POJK.03/2019 tanggal 19 Desember                           No. 40/POJK.03/2019 dated 19 December
              2019 tentang Penilaian Kualitas Aset Bank                         2019 concerning Asset Quality Assessment for
              Umum.                                                             Commercial Banks.

              Selanjutnya, Grup mengelompokkan aset                             Furthermore, the Group classifies financial
              keuangan berdasarkan hasil evaluasi tersebut                      assets based on the evaluation results, which
              yang mencerminkan tingkat risiko kredit aset                      reflect the level of credit risk of the financial
              keuangan.                                                         assets.

              a)   Stage 1                                                      a)   Stage 1

                   Pada tanggal evaluasi penurunan nilai,                            At the evaluation date of impairment, credit
                   risiko kredit atas instrumen keuangan                             risk on financial instruments does not
                   tidak meningkat secara signifikan sejak                           increase     significantly   since    initial
                   pengakuan awal.                                                   recognition.




                                                               77
Page 1092
                                                                                       The original consolidated financial statements
                                                                                     included herein are in the Indonesian language.

            PT BANK MANDIRI (PERSERO) Tbk                                      PT BANK MANDIRI (PERSERO) Tbk
                DAN ENTITAS ANAKNYA                                                  AND ITS SUBSIDIARIES
          CATATAN ATAS LAPORAN KEUANGAN                                         NOTES TO THE CONSOLIDATED
                     KONSOLIDASIAN                                                  FINANCIAL STATEMENTS
           Tanggal 31 Desember 2025 dan untuk                                    As of 31 December 2025 and for
          Tahun Berakhir pada Tanggal Tersebut                                      for the Year Then Ended
             (Disajikan dalam jutaan Rupiah,                                    (Expressed in millions of Rupiah,
                 kecuali dinyatakan lain)                                           unless otherwise stated)

2.   INFORMASI KEBIJAKAN AKUNTANSI MATERIAL                         2.   MATERIAL ACCOUNTING POLICY INFORMATION
     (lanjutan)                                                          (continued)

     c.    Instrumen keuangan (lanjutan)                                 c. Financial instruments (continued)

           viii. Cadangan kerugian penurunan nilai aset                     viii. Allowance for impairment losses of financial
                 keuangan (lanjutan)                                              assets (continued)

               Evaluasi penurunan nilai yang dilakukan                           Periodic evaluation on impairment                of
               secara periodik (lanjutan)                                        financial assets (continued)

              a)   Stage 1 (lanjutan)                                           a)   Stage 1 (continued)

                   Hal ini dapat dibuktikan dengan                                   This can be proven by the occurrence of
                   terjadinya seluruh hal berikut, yaitu:                            all of the following, namely:

                   Untuk Jenis Aset Keuangan Non-Surat                               For Types of Non-Securities Financial
                   Berharga:                                                         Assets:
                   1) Tidak terdapat tunggakan pokok                                 1) There are no arrears of principal
                       dan/atau bunga lebih dari 30 hari;                                and/or interest for more than 30 days;

                   2)   Instrumen      keuangan    memiliki                          2)   The     financial     instrument     has
                        kualitas 1 atau 2; dan                                            a collectability of 1 or 2; and
                   3)   Tidak direstrukturisasi.                                     3)   Not restructured.

                   Aset Keuangan Surat Berharga:                                     Securities Financial Assets:
                   1) Memiliki peringkat investasi;                                  1) Having investment grade;
                   2) Tidak terdapat tunggakan kupon                                 2) There are no arrears of coupons
                       dan/atau kewajiban lain yang                                     and/or other similar obligations; and
                       sejenis; dan
                   3) Belum jatuh tempo.                                             3)   Not yet due.

                   Atas hal tersebut, Grup akan mengukur                              For this reason, the Group will measure
                   penyisihan kerugian untuk instrumen                                the allowance for impairment losses for
                   keuangan tersebut sejumlah kerugian                                the financial instrument at the amount of
                   kredit ekspektasian 12 bulan.                                      an expected credit loss for 12 months.

              b)   Stage 2                                                      b)   Stage 2

                   Pada tanggal evaluasi, risiko kredit atas                         At the evaluation date, credit risk on
                   instrumen keuangan telah meningkat                                financial instruments has increased
                   secara signifikan sejak pengakuan awal                            significantly since initial recognition which
                   yang dapat dibuktikan.                                            can be proven.

                   Untuk Jenis Aset Keuangan Non-Surat                               For Types of Non-Securities Financial
                   Berharga, dengan terjadi salah satu dari                          Assets, if one of the following occurs:
                   hal berikut:
                   1) Terdapat tunggakan pokok dan/atau                              1)   There are arrears of principal and/or
                        bunga yang telah melebihi 30 hari                                 interest more than 30 days to 90 days;
                        sampai dengan 90 hari;
                   2) Instrumen        keuangan     memiliki                         2)   The     financial      instrument  has
                        kualitas 2; atau                                                  a collectability of 2; or
                   3) Terjadi restrukturisasi atas aset                              3)   There was a restructuring of financial
                        keuangan yang tidak menyebabkan                                   assets that did not result in the
                        pengakuan aset yang berasal dari                                  recognition of assets originating from
                        aset keuangan yang memburuk,                                      impaired financial assets, which
                        dimana sebelum restrukturisasi aset                               before restructuring the assets were
                        berada pada stage 1 atau 2.                                       at stage 1 or 2.




                                                               78
Page 1093
                                                                                        The original consolidated financial statements
                                                                                      included herein are in the Indonesian language.

            PT BANK MANDIRI (PERSERO) Tbk                                       PT BANK MANDIRI (PERSERO) Tbk
                DAN ENTITAS ANAKNYA                                                   AND ITS SUBSIDIARIES
          CATATAN ATAS LAPORAN KEUANGAN                                          NOTES TO THE CONSOLIDATED
                     KONSOLIDASIAN                                                   FINANCIAL STATEMENTS
           Tanggal 31 Desember 2025 dan untuk                                     As of 31 December 2025 and for
          Tahun Berakhir pada Tanggal Tersebut                                       for the Year Then Ended
             (Disajikan dalam jutaan Rupiah,                                     (Expressed in millions of Rupiah,
                 kecuali dinyatakan lain)                                            unless otherwise stated)

2.   INFORMASI KEBIJAKAN AKUNTANSI MATERIAL                          2.   MATERIAL ACCOUNTING POLICY INFORMATION
     (lanjutan)                                                           (continued)

     c.    Instrumen keuangan (lanjutan)                                  c. Financial instruments (continued)

           viii. Cadangan kerugian penurunan nilai aset                      viii. Allowance for impairment losses of financial
                 keuangan (lanjutan)                                               assets (continued)

               Evaluasi penurunan nilai yang dilakukan                            Periodic evaluation on impairment                of
               secara periodik (lanjutan)                                         financial assets (continued)

               b)   Stage 2 (lanjutan)                                           b)   Stage 2 (continued)

                    Untuk Jenis Aset Keuangan Surat                                   For Types of Securities Financial Assets:
                    Berharga:
                    1) Memiliki peringkat paling rendah 1                             1)   Has a rating of at least 1 (one) level
                        (satu) tingkat di bawah peringkat                                  below investment grade;
                        investasi;
                    2) Tidak terdapat tunggakan kupon                                 2)   There are no arrears of coupons
                        dan/atau kewajiban lain yang                                       and/or other similar obligations; and
                        sejenis; dan
                    3) Belum jatuh tempo.                                             3)   Not yet due.

                    Grup akan mengukur penyisihan                                     At this stage, the Group will measure the
                    kerugian untuk instrumen keuangan                                 allowance for impairment losses for the
                    pada stage ini sejumlah kerugian kredit                           financial instrument at the amount of the
                    ekspektasian sepanjang umurnya.                                   expected credit losses over its lifetime.

               c)   Stage 3 (Default)                                            c)   Stage 3 (Default)

                    Pada tanggal evaluasi, terdapat bukti                             At the evaluation date, there is objective
                    objektif    bahwa  aset    keuangan                               evidence that the financial asset is
                    mengalami penurunan nilai yang dapat                              impaired which can be proven.
                    dibuktikan.

                    Untuk Jenis Aset Keuangan Non-Surat                               For Types of Non-Securities Financial
                    Berharga, dengan terjadinya salah satu                            Assets, if one of the following occurs:
                    dari hal berikut, yaitu:
                    1) Terdapat         tunggakan     pokok                           1)   There are arrears principal and/or
                         dan/atau bunga lebih dari 90 hari;                                interest of more than 90 days;
                    2) Instrumen        keuangan     memiliki                         2)   The     financial      instrument  has
                         kualitas 3, 4, atau 5; atau                                       a collectability of 3, 4, or 5; or
                    3) Terjadi restrukturisasi atas aset                              3)   There was a restructuring of financial
                         keuangan yang tidak menyebabkan                                   assets that did not result in the
                         pengakuan aset yang berasal dari                                  recognition of assets originating from
                         aset keuangan yang memburuk,                                      impaired financial assets, where prior
                         dimana sebelum restrukturisasi                                    to restructuring the assets were at
                         aset telah berada pada stage 3.                                   stage 3.

                    Untuk Jenis Aset Keuangan Surat                                   For Types of Securities Financial Assets:
                    Berharga:
                    1) Memiliki      peringkat   investasi,                           1)   Has an investment grade, has arrears
                        terdapat tunggakan kupon dan/atau                                  of coupons and/or other similar
                        kewajiban lain yang sejenis, dan                                   obligations, and has not yet matured;
                        belum jatuh tempo; atau                                            or
                    2) Kriteria lain yang tidak memenuhi                              2)   Other criteria that do not meet the
                        kriteria pada stage 1 dan 2 untuk                                  criteria on stage 1 and 2 for types of
                        jenis     aset   keuangan    surat                                 securities financial assets.
                        berharga.




                                                                79
Page 1094
                                                                                         The original consolidated financial statements
                                                                                       included herein are in the Indonesian language.

            PT BANK MANDIRI (PERSERO) Tbk                                      PT BANK MANDIRI (PERSERO) Tbk
                DAN ENTITAS ANAKNYA                                                  AND ITS SUBSIDIARIES
          CATATAN ATAS LAPORAN KEUANGAN                                         NOTES TO THE CONSOLIDATED
                     KONSOLIDASIAN                                                  FINANCIAL STATEMENTS
           Tanggal 31 Desember 2025 dan untuk                                    As of 31 December 2025 and for
          Tahun Berakhir pada Tanggal Tersebut                                      for the Year Then Ended
             (Disajikan dalam jutaan Rupiah,                                    (Expressed in millions of Rupiah,
                 kecuali dinyatakan lain)                                           unless otherwise stated)

2.   INFORMASI KEBIJAKAN AKUNTANSI MATERIAL                         2.   MATERIAL ACCOUNTING POLICY INFORMATION
     (lanjutan)                                                          (continued)

     c.    Instrumen keuangan (lanjutan)                                 c. Financial instruments (continued)

           viii. Cadangan kerugian penurunan nilai aset                     viii. Allowance for impairment losses of financial
                 keuangan (lanjutan)                                              assets (continued)

               Evaluasi penurunan nilai yang dilakukan                           Periodic evaluation on impairment                  of
               secara periodik (lanjutan)                                        financial assets (continued)

              c)   Stage 3 (Default) (lanjutan)                                 c)    Stage 3 (Default) (continued)

                   Grup    akan mengukur        penyisihan                            The Group will measure the allowance for
                   kerugian untuk instrumen keuangan pada                             losses for financial instruments at this
                   stage ini sejumlah kerugian kredit                                 stage at the amount of the expected credit
                   ekspektasian sepanjang umurnya.                                    losses over its lifetime.

                   Khusus untuk aset keuangan yang                                    Specifically for financial assets which
                   penurunan nilainya dievaluasi secara                               impairment value is evaluated individually,
                   individual, Grup dapat menetapkan aset                             the Group may designate these financial
                   keuangan tersebut pada kelompok stage                              assets in the stage 3 group (from the
                   3 (dari sebelumnya ada di kelompok                                 previous stage 2 group), even though
                   stage 2), meskipun aset keuangan                                   those financial assets do not meet the
                   dimaksud belum memenuhi kriteria                                   criteria for stage 3 group.
                   kelompok stage 3.

              d)   Aset yang Dibeli atau Berasal dari Aset                      d)    Purchased or Originated Credit-Impaired
                   Keuangan yang Memburuk                                             Financial Asset (“POCI”)

                   Kriteria aset yang dibeli sebagai aset                             The criteria for assets purchased as an
                   keuangan memburuk                                                  impaired financial assets

                   Aset      keuangan     yang       dibeli                           A purchased financial asset is classified as
                   dikelompokkan sebagai aset keuangan                                an impaired financial asset if it meets the
                   memburuk jika memenuhi kriteria berikut:                           following criteria:
                   a. Hilangnya pasar aktif dari aset
                        keuangan; atau                                                a. Loss of active market of financial
                   b. Pembelian aset keuangan dengan                                     assets; or
                        diskon sangat besar atau jauh di                              b. Purchase of financial assets at a very
                        bawah harga par.                                                 large discount or significant below par.

                   Kriteria dan pengukuran aset yang                                 Criteria for assets originating from impaired
                   berasal dari aset keuangan memburuk                               financial assets

                   a.   Aset keuangan yang dimodifikasi/                             a. Financial        assets       that     are
                        renegosiasi       dan   menghasilkan                            modified/renegotiated      resulting     in
                        penghentian        pengakuan    aset                            derecognition of financial assets are
                        keuangan dikelompokkan sebagai                                  classified as assets originating from
                        aset yang berasal dari aset                                     impaired financial assets if they meet the
                        keuangan memburuk jika memenuhi                                 following criteria:
                        kriteria berikut:
                        1. Waive atas tunggakan bunga                                   1. Waive on interest arrears including
                             termasuk dengan Tunggakan                                     Scheduled Interest Arrears and
                             Bunga        yang   Dijadwalkan                               Deferred Interest of 100% (one
                             (TBYD) dan Bunga yang                                         hundred percent); or
                             Ditangguhkan (BYDT) sebesar
                             100% (seratus persen); atau
                        2. Kredit       dikonversi   menjadi                           2.   Loans are converted into temporary
                             penyertaan modal sementara.                                    equity   participation  (temporary
                                                                                            investment in shares).


                                                               80
Page 1095
                                                                                        The original consolidated financial statements
                                                                                      included herein are in the Indonesian language.

            PT BANK MANDIRI (PERSERO) Tbk                                       PT BANK MANDIRI (PERSERO) Tbk
                DAN ENTITAS ANAKNYA                                                   AND ITS SUBSIDIARIES
          CATATAN ATAS LAPORAN KEUANGAN                                          NOTES TO THE CONSOLIDATED
                     KONSOLIDASIAN                                                   FINANCIAL STATEMENTS
           Tanggal 31 Desember 2025 dan untuk                                     As of 31 December 2025 and for
          Tahun Berakhir pada Tanggal Tersebut                                       for the Year Then Ended
             (Disajikan dalam jutaan Rupiah,                                     (Expressed in millions of Rupiah,
                 kecuali dinyatakan lain)                                            unless otherwise stated)

2.   INFORMASI KEBIJAKAN AKUNTANSI MATERIAL                          2.   MATERIAL ACCOUNTING POLICY INFORMATION
     (lanjutan)                                                           (continued)

     c.    Instrumen keuangan (lanjutan)                                  c. Financial instruments (continued)

           viii. Cadangan kerugian penurunan nilai aset                      viii. Allowance for impairment losses of financial
                 keuangan (lanjutan)                                               assets (continued)

               Evaluasi penurunan nilai yang dilakukan                            Periodic evaluation on impairment                of
               secara periodik (lanjutan)                                         financial assets (continued)

              d)   Aset yang Dibeli atau Berasal dari Aset                       d) Purchased or Originated Credit-Impaired
                   Keuangan yang Memburuk (lanjutan)                                Financial Asset (“POCI”) (continued)

                   Kriteria dan pengukuran aset yang                                Criteria for assets originating from impaired
                   berasal dari aset keuangan memburuk                              financial assets (continued)
                   (lanjutan)

                   b.   Pada tanggal pelaporan, Grup hanya                          b. At the reporting date, the Group
                        mengakui perubahan kumulatif atas                              recognizes only the cumulative changes
                        kerugian     kredit     ekspektasian                           in the lifetime expected credit losses
                        sepanjang        umurnya       sejak                           since the initial recognition of the
                        pengakuan awal aset keuangan                                   financial asset as an allowance for
                        sebagai penyisihan kerugian atas                               impairment losses on financial assets
                        aset keuangan yang dibeli atau yang                            purchased      or    originating  from
                        berasal    dari    aset    keuangan                            impairment financial assets.
                        memburuk.
                   c.   Pada setiap tanggal pelaporan, Grup                         c. At each reporting date, the Group
                        mengakui dalam laba rugi jumlah                                recognizes in profit or loss the amount of
                        perubahan        kerugian      kredit                          changes in lifetime expected credit
                        ekspektasian sepanjang umurnya                                 losses as an impairment gain or loss.
                        sebagai keuntungan atau kerugian
                        penurunan nilai.
                   d.   Jika    aset    keuangan     terbukti                       d. If the financial assets are proven based
                        berdasarkan fakta atau informasi                               on facts or relevant information that the
                        yang relevan bahwa aset keuangan                               financial assets are improving, the
                        membaik, maka Grup akan mencatat                               Group will recognize in the income
                        di laporan laba rugi sebagai                                   statement as a deduction for “Allowance
                        pengurang “Beban Pembentukan                                   for Impairment Losses”.
                        Cadangan Kerugian Penurunan
                        Nilai”.
                   e.   Jika kondisi aset keuangan terbukti                         e. If the condition of the financial asset are
                        memburuk, maka Grup akan                                       proven to be impaired, the Group will
                        mencatat di laporan laba rugi                                  recognize it in the income statement as
                        sebagai      penambah        “Beban                            an addition to “Allowance for Impairment
                        Pembentukan Cadangan Kerugian                                  Losses”.
                        Penurunan Nilai”.

                   Grup menggunakan kriteria untuk                                   The Group uses criteria to determine the
                   menentukan kategori aset keuangan                                 category of financial assets that have
                   yang    mengalami  penurunan   nilai                              impaired based on the grouping of the risk
                   berdasarkan pengelompokan tingkat                                 levels of financial assets above. Financial
                   risiko aset keuangan di atas. Aset                                assets in stage 3 group and POCI are
                   keuangan pada kelompok stage 3 dan                                financial assets that have impaired.
                   POCI merupakan aset keuangan yang
                   mengalami penurunan nilai.




                                                                81
Page 1096
                                                                                        The original consolidated financial statements
                                                                                      included herein are in the Indonesian language.

            PT BANK MANDIRI (PERSERO) Tbk                                       PT BANK MANDIRI (PERSERO) Tbk
                DAN ENTITAS ANAKNYA                                                   AND ITS SUBSIDIARIES
          CATATAN ATAS LAPORAN KEUANGAN                                          NOTES TO THE CONSOLIDATED
                     KONSOLIDASIAN                                                   FINANCIAL STATEMENTS
           Tanggal 31 Desember 2025 dan untuk                                     As of 31 December 2025 and for
          Tahun Berakhir pada Tanggal Tersebut                                       for the Year Then Ended
             (Disajikan dalam jutaan Rupiah,                                     (Expressed in millions of Rupiah,
                 kecuali dinyatakan lain)                                            unless otherwise stated)

2.   INFORMASI KEBIJAKAN AKUNTANSI MATERIAL                          2.   MATERIAL ACCOUNTING POLICY INFORMATION
     (lanjutan)                                                           (continued)

     c.    Instrumen keuangan (lanjutan)                                  c. Financial instruments (continued)

           viii. Cadangan kerugian penurunan nilai aset                      viii. Allowance for impairment losses of financial
                 keuangan (lanjutan)                                               assets (continued)

               Metode penurunan nilai                                             Impairment method

              Grup melakukan evaluasi penurunan nilai                            The Group evaluates the impairment using the
              dengan metode sebagai berikut:                                     following methods:

              a. Metode Individual                                               a.   Individual Method

                 Kriteria individual                                                  Individual criteria

                 Grup mengevaluasi penurunan nilai                                    The     Group     evaluates     impairment
                 secara individual apabila Grup memiliki                              individually when the Group has
                 informasi yang wajar dan terdukung untuk                             reasonable and supportable information to
                 mengukur kerugian kredit ekspektasian                                measure the lifetime expected credit
                 sepanjang umurnya pada instrumen                                     losses on an individual instrument and the
                 secara individual dan aset keuangan                                  financial assets have the following criteria:
                 memiliki kriteria sebagai berikut:
                 a. Aset keuangan per debitur memiliki                                a. Financial assets per debtor with
                     nilai outstanding kumulatif lebih dari                              a cumulative outstanding amount of
                     Rp25.000 (dua puluh lima miliar                                     more than Rp25,000 (twenty five billion
                     Rupiah);                                                            Rupiah);
                 b. Kredit         segmen          Corporate,                         b. Loans for the Corporate, Institutional,
                     Kelembagaan, Financial Institutions,                                Financial Institutions, Commercial, and
                     Commercial, dan SME Banking; dan                                    SME Banking segments; and
                 c. Aset keuangan termasuk dalam                                      c. Financial assets fall into the stage 2
                     kategori     stage    2    akibat   dari                            category as a result of a restructuring,
                     restrukturisasi, stage 3, atau POCI.                                stage 3, or POCI.

                 Grup juga dapat menetapkan aset                                      The Group may also designate financial
                 keuangan untuk dievaluasi secara                                     assets to be evaluated individually even
                 individual meskipun aset keuangan                                    though the financial assets have not yet
                 dimaksud belum memiliki kriteria untuk                               meet criteria for individual evaluation.
                 dievaluasi secara individual.

                 Jika aset keuangan terdapat bukti objektif                           If a financial asset has objective evidence
                 penurunan nilai dari aset keuangan yang                              of impairment from a financial asset that is
                 dievaluasi secara individual namun tidak                             evaluated individually but there is no
                 terdapat kerugian penurunan nilai, maka                              impairment loss, the financial asset is still
                 aset keuangan tersebut tetap dimasukkan                              classified as a financial asset that will be
                 ke dalam klasifikasi aset keuangan yang                              assessed for impairment individually.
                 akan dievaluasi penurunan nilainya secara                            However, the Group establishes allowance
                 individual. Namun, Grup membentuk                                    for impairment losses on these financial
                 cadangan kerugian penurunan nilai atas                               assets based on the probability of default
                 aset keuangan tersebut berdasarkan                                   resulting from a collective evaluation of
                 probability of default yang dihasilkan dari                          loans impairment.
                 evaluasi penurunan nilai kredit secara
                 kolektif.




                                                                82
Page 1097
                                                                                         The original consolidated financial statements
                                                                                       included herein are in the Indonesian language.

            PT BANK MANDIRI (PERSERO) Tbk                                       PT BANK MANDIRI (PERSERO) Tbk
                DAN ENTITAS ANAKNYA                                                   AND ITS SUBSIDIARIES
          CATATAN ATAS LAPORAN KEUANGAN                                          NOTES TO THE CONSOLIDATED
                     KONSOLIDASIAN                                                   FINANCIAL STATEMENTS
           Tanggal 31 Desember 2025 dan untuk                                     As of 31 December 2025 and for
          Tahun Berakhir pada Tanggal Tersebut                                       for the Year Then Ended
             (Disajikan dalam jutaan Rupiah,                                     (Expressed in millions of Rupiah,
                 kecuali dinyatakan lain)                                            unless otherwise stated)

2.   INFORMASI KEBIJAKAN AKUNTANSI MATERIAL                          2.   MATERIAL ACCOUNTING POLICY INFORMATION
     (lanjutan)                                                           (continued)

     c.    Instrumen keuangan (lanjutan)                                  c. Financial instruments (continued)

           viii. Cadangan kerugian penurunan nilai aset                      viii. Allowance for impairment losses of financial
                 keuangan (lanjutan)                                               assets (continued)

               Metode penurunan nilai (lanjutan)                                  Impairment method (continued)

              Grup melakukan evaluasi penurunan nilai                            The Group evaluates the impairment using the
              dengan metode sebagai berikut: (lanjutan)                          following methods: (continued)

              a. Metode Individual (lanjutan)                                    a.   Individual Method (continued)

                 Evaluasi Penurunan Nilai                                             Impairment Evaluation

                 Evaluasi penurunan nilai secara individual                           Individual impairment evaluation is based
                 didasarkan pada konsep estimasi jumlah                               on the concept of an estimated weighted
                 probabilitas tertimbang kerugian aset                                probability of loss of financial assets. This
                 keuangan.         Konsep          tersebut                           concept uses the weighting of each of the
                 menggunakan       pembobotan      masing-                            3 (three) scenarios, which are the
                 masing dari 3 (tiga) skenario yaitu                                  optimistic scenario, the normal scenario,
                 skenario optimis, skenario normal, dan                               and the pessimistic scenario.
                 skenario pesimis.

                  1.   Optimis                                                        1.   Optimistic

                       Skenario dengan asumsi terdapat                                     A scenario with the assumption that
                       kenaikan atau ekspansi dalam                                        there is an increase or expansion in
                       perekonomian yang berakibat pada                                    the economy which results in the
                       menguatnya nilai variabel seperti                                   strengthening of variable values such
                       pertumbuhan ekonomi meningkat                                       as increased economic growth or
                       atau apresiasi nilai tukar.                                         exchange rate appreciation.

                  2.   Normal                                                         2.   Normal

                       Skenario yang memiliki peluang                                      The scenario that has the greatest
                       terbesar untuk terjadi dibandingkan 2                               chance of occurring compared to the
                       (dua) skenario lainnya. Nilai variabel                              other 2 (two) scenarios. The variable
                       dalam skenario baseline adalah hasil                                value in the baseline scenario is the
                       proyeksi dengan asumsi pergerakan                                   projection result assuming economic
                       ekonomi tanpa adanya peristiwa luar                                 movements without any extraordinary
                       biasa, guncangan atau gejolak                                       events, shocks or economic turmoil.
                       ekonomi.

                  3.   Pesimis                                                        3.   Pessimistic

                       Skenario dengan asumsi terdapat                                     Scenarios with the assumption that
                       pelemahan atau kontraksi dalam                                      there is a weakening or contraction in
                       perekonomian       yang      berakibat                              the economy that results in weakening
                       melemahnya nilai variabel seperti                                   of variable values such as a decrease
                       penurunan pertumbuhan ekonomi                                       in economic growth or depreciation of
                       atau depresiasi nilai tukar.                                        the exchange rate.




                                                                83
Page 1098
                                                                                    The original consolidated financial statements
                                                                                  included herein are in the Indonesian language.

            PT BANK MANDIRI (PERSERO) Tbk                                   PT BANK MANDIRI (PERSERO) Tbk
                DAN ENTITAS ANAKNYA                                               AND ITS SUBSIDIARIES
          CATATAN ATAS LAPORAN KEUANGAN                                      NOTES TO THE CONSOLIDATED
                     KONSOLIDASIAN                                               FINANCIAL STATEMENTS
           Tanggal 31 Desember 2025 dan untuk                                 As of 31 December 2025 and for
          Tahun Berakhir pada Tanggal Tersebut                                   for the Year Then Ended
             (Disajikan dalam jutaan Rupiah,                                 (Expressed in millions of Rupiah,
                 kecuali dinyatakan lain)                                        unless otherwise stated)

2.   INFORMASI KEBIJAKAN AKUNTANSI MATERIAL                      2.   MATERIAL ACCOUNTING POLICY INFORMATION
     (lanjutan)                                                       (continued)

     c.    Instrumen keuangan (lanjutan)                              c. Financial instruments (continued)

           viii. Cadangan kerugian penurunan nilai aset                  viii. Allowance for impairment losses of financial
                 keuangan (lanjutan)                                           assets (continued)

               Metode penurunan nilai (lanjutan)                              Impairment method (continued)

              Grup melakukan evaluasi penurunan nilai                        The Group evaluates the impairment using the
              dengan metode sebagai berikut: (lanjutan)                      following methods: (continued)

              a. Metode Individual (lanjutan)                                a.   Individual Method (continued)

                 Evaluasi Penurunan Nilai (lanjutan)                              Impairment Evaluation (continued)

                 Setiap skenario menghasilkan nilai kini                          Each scenario provides a discounted
                 arus kas yang didiskontokan, dimana arus                         present value of cash flows, where the
                 kas tersebut didasarkan pada seluruh                             cash flows are based on all available
                 informasi    yang     tersedia   dengan                          information with experienced credit
                 experienced credit judgement serta                               judgment and reflect all information that
                 mencerminkan seluruh informasi yang                              takes into account various factors such as:
                 memperhatikan berbagai faktor seperti:
                 1. Kekuatan finansial dan kemampuan                              1. Financial strength and the debtor's
                      debitur untuk membayar kembali                                 repayment capacity.
                      kewajiban.
                 2. Jenis dan jumlah agunan.                                      2. Type and amount of collateral.
                 3. Ketersediaan garansi.                                         3. Availability of warranty.
                 4. Prospek usaha nasabah di masa                                 4. Customers' future business prospects.
                      datang.
                 5. Probabilitas penjualan agunan.                                5. Probability of collateral sale.
                 6. Kerugian historis.                                            6. Historical losses.
                 7. Faktor makroekonomi yang relevan.                             7. Relevant macroeconomic factors.

                 Selisih estimasi jumlah probabilitas                             The difference between the weighted
                 tertimbang dengan jumlah outstanding                             probability and the total outstanding of
                 aset keuangan mencerminkan jumlah                                financial assets reflects the amount of the
                 kerugian penurunan nilai individual.                             individual impairment loss.

                 Metode evaluasi penurunan nilai secara                           The individual impairment evaluation
                 individual didasarkan pada 2 (dua)                               method is based on 2 (two) concepts,
                 konsep, yaitu estimasi jumlah kerugian                           which are the estimated amount of loss on
                 aset keuangan dan estimasi jumlah yang                           financial assets and the estimated amount
                 dapat diperoleh kembali.                                         that can be recovered.

                 Metode      yang     digunakan    adalah                         The method used are discounted cash
                 discounted cash flow atau metode fair                            flow or fair value of collateral method. The
                 value of collateral. Bank menggunakan                            Bank uses the fair value of collateral
                 metode fair value of collateral sebagai                          method as future cash flows if it meets one
                 arus kas masa datang apabila memenuhi                            of the following conditions:
                 salah satu kondisi berikut:
                 1. Kredit bersifat collateral dependent,                         1. Loans is collateral dependent, if loans
                    yaitu jika pelunasan kredit hanya                                repayment source only from collateral;
                    bersumber dari agunan;
                 2. Sulit untuk menentukan jumlah dan                             2. It is difficult to reliably determine the
                    waktu penerimaan estimasi arus kas                               amount and timing of receipt of the
                    yang berasal dari pokok kredit                                   estimated cash flow from loan principal
                    dan/atau bunga dengan andal;                                     and/or interest; and/or
                    dan/atau




                                                            84
Page 1099
                                                                                        The original consolidated financial statements
                                                                                      included herein are in the Indonesian language.

            PT BANK MANDIRI (PERSERO) Tbk                                       PT BANK MANDIRI (PERSERO) Tbk
                DAN ENTITAS ANAKNYA                                                   AND ITS SUBSIDIARIES
          CATATAN ATAS LAPORAN KEUANGAN                                          NOTES TO THE CONSOLIDATED
                     KONSOLIDASIAN                                                   FINANCIAL STATEMENTS
           Tanggal 31 Desember 2025 dan untuk                                     As of 31 December 2025 and for
          Tahun Berakhir pada Tanggal Tersebut                                       for the Year Then Ended
             (Disajikan dalam jutaan Rupiah,                                     (Expressed in millions of Rupiah,
                 kecuali dinyatakan lain)                                            unless otherwise stated)

2.   INFORMASI KEBIJAKAN AKUNTANSI MATERIAL                          2.   MATERIAL ACCOUNTING POLICY INFORMATION
     (lanjutan)                                                           (continued)

     c.    Instrumen keuangan (lanjutan)                                  c. Financial instruments (continued)

           viii. Cadangan kerugian penurunan nilai aset                      viii. Allowance for impairment losses of financial
                 keuangan (lanjutan)                                               assets (continued)

               Metode penurunan nilai (lanjutan)                                  Impairment method (continued)

              Grup melakukan evaluasi penurunan nilai                            The Group evaluates the impairment using the
              dengan metode sebagai berikut: (lanjutan)                          following methods: (continued)

              a. Metode Individual (lanjutan)                                    a.   Individual Method (continued)

                 Evaluasi Penurunan Nilai (lanjutan)                                  Impairment Evaluation (continued)

                 Metode      yang     digunakan       adalah                          The method used are discounted cash
                 discounted cash flow atau metode fair                                flow or fair value of collateral method. The
                 value of collateral. Bank menggunakan                                Bank uses the fair value of collateral
                 metode fair value of collateral sebagai                              method as future cash flows if it meets one
                 arus kas masa datang apabila memenuhi                                of the following conditions: (continued)
                 salah satu kondisi berikut: (lanjutan)

                 3. Pengambilalihan agunan kemungkinan                                3. Foreclosure of collateral is likely to
                    besar terjadi dan didukung dengan                                    occur and is supported by legal binding
                    aspek legal pengikatan agunan.                                       aspects of collateral.

              b. Metode Kolektif                                                   b. Collective Method

                 Kriteria Kolektif                                                    Collective Criteria

                 Bank mengevaluasi penurunan nilai                                    The      Bank        assesses      impairment
                 secara kolektif apabila aset keuangan                                collectively if the financial assets share the
                 memiliki kesamaan dalam karakteristik                                same risk characteristics of the financial
                 risiko aset keuangan dengan tujuan untuk                             assets with the purpose of facilitating
                 memfasilitasi analisis yang didesain untuk                           analysis which is designed to allows a
                 memungkinkan peningkatan risiko kredit                               significant increase in credit risk to be
                 secara signifikan dapat diidentifikasi tepat                         identified in a timely manner.
                 waktu.

                 Kriteria aset keuangan yang dievaluasi                               The criteria for financial assets that are
                 secara kolektif adalah sebagai berikut:                              evaluated collectively are as follows:

                 1. Aset keuangan per debitur merupakan                               1. Financial assets per debtor are non-
                    aset keuangan non-performing atau                                    performing financial assets or have
                    memiliki days past due > 90 hari dan                                 days past due > 90 days and have a
                    memiliki nilai kumulatif sebesar ≤                                   cumulative value of ≤ Rp25,000
                    Rp25.000 (dua puluh lima milyar                                      (twenty five billion rupiah) for the
                    rupiah) untuk Segmen Corporate,                                      Corporate,     Institutional,  Financial
                    Kelembagaan, Financial Institutions,                                 Institutions, Commercial, and SME
                    Commercial dan SME Banking;                                          Banking segments;
                 2. Aset keuangan performing atau                                     2. Performing financial assets or having
                    memiliki days past due ≤ 90 hari dan                                 days past due ≤ 90 days and were not
                    tidak direstrukturisasi untuk segmen                                 restructured     for    the   Corporate,
                    Corporate, Kelembagaan, Financial                                    Institutional, Financial Institutions,
                    Institutions, Commercial dan SME                                     Commercial, and SME Banking
                    Banking; dan                                                         segments; and
                 3. Seluruh kredit segmen Micro Banking                               3. All loans in the Micro Banking and
                    dan Consumer.                                                        Consumer segments.



                                                                85
Page 1100
                                                                                     The original consolidated financial statements
                                                                                   included herein are in the Indonesian language.

            PT BANK MANDIRI (PERSERO) Tbk                                    PT BANK MANDIRI (PERSERO) Tbk
                DAN ENTITAS ANAKNYA                                                AND ITS SUBSIDIARIES
          CATATAN ATAS LAPORAN KEUANGAN                                       NOTES TO THE CONSOLIDATED
                     KONSOLIDASIAN                                                FINANCIAL STATEMENTS
           Tanggal 31 Desember 2025 dan untuk                                  As of 31 December 2025 and for
          Tahun Berakhir pada Tanggal Tersebut                                    for the Year Then Ended
             (Disajikan dalam jutaan Rupiah,                                  (Expressed in millions of Rupiah,
                 kecuali dinyatakan lain)                                         unless otherwise stated)

2.   INFORMASI KEBIJAKAN AKUNTANSI MATERIAL                       2.   MATERIAL ACCOUNTING POLICY INFORMATION
     (lanjutan)                                                        (continued)

     c.    Instrumen keuangan (lanjutan)                               c. Financial instruments (continued)

           viii. Cadangan kerugian penurunan nilai aset                   viii. Allowance for impairment losses of financial
                 keuangan (lanjutan)                                            assets (continued)

               Metode penurunan nilai (lanjutan)                               Impairment method (continued)

              Grup melakukan evaluasi penurunan nilai                         The Group evaluates the impairment using the
              dengan metode sebagai berikut: (lanjutan)                       following methods: (continued)

              b. Metode Kolektif (lanjutan)                                   b.   Collective Method (continued)

                 Kriteria Kolektif (lanjutan)                                      Collective Criteria (continued)

                 Secara garis besar, seluruh portofolio                            In general, all loan portfolios for which
                 kredit yang evaluasi penurunan nilainya                           impairment evaluation is not calculated
                 tidak dihitung menggunakan metode                                 using the individual method will be
                 individual, akan dievaluasi menggunakan                           evaluated using the collective method.
                 metode kolektif.

                 Evaluasi Penurunan Nilai                                          Impairment Evaluation

                 Evaluasi penurunan nilai secara kolektif                          The evaluation of collective impairment is
                 didasarkan pada konsep Probability of                             based on the concepts of Probability of
                 Default (PD), Loss Given Default (LGD)                            Default (PD), Loss Given Default (LGD),
                 dan Exposure at Default (EAD) yang                                and Exposure at Default (EAD) which
                 mempertimbangkan informasi masa lalu,                             consider past, current, and future
                 terkini, dan masa mendatang.                                      information.

                 a.   Probability of Default                                       a.   Probability of Default

                      Bank menggunakan metode Basel,                                    The Bank uses the Basel, Vasicek,
                      Vasicek, Roll Rate Transition Matrix                              Roll Rate Transition Matrix, and other
                      maupun pendekatan lainnya dalam                                   approaches in determining the PD
                      menentukan nilai PD dari setiap                                   value of each debtor.
                      debitur.

                      Metode Basel dilakukan dengan                                     The Basel method is performed by
                      menentukan hubungan antara PD                                     determining the relationship between
                      suatu debitur dengan karakteristik                                a debtor's PD with the internal
                      internal    dari    debitur    yang                               characteristics of that debtor. The
                      bersangkutan. Model Basel yang                                    Basel model that has been obtained is
                      telah didapatkan digunakan sebagai                                used as the basis for determining the
                      dasar penentuan nilai PD dari setiap                              PD value of each debtor.
                      debitur.

                      Metode Vasicek adalah metode                                      The     Vasicek       method       is
                      penentuan PD menggunakan formula                                  a method of determining PD using the
                      korelasi aset yang telah ditentukan                               asset correlation formula that has
                      oleh Basel Committee.                                             been determined by the Basel
                                                                                        Committee.




                                                             86
Page 1101
                                                                                     The original consolidated financial statements
                                                                                   included herein are in the Indonesian language.

            PT BANK MANDIRI (PERSERO) Tbk                                    PT BANK MANDIRI (PERSERO) Tbk
                DAN ENTITAS ANAKNYA                                                AND ITS SUBSIDIARIES
          CATATAN ATAS LAPORAN KEUANGAN                                       NOTES TO THE CONSOLIDATED
                     KONSOLIDASIAN                                                FINANCIAL STATEMENTS
           Tanggal 31 Desember 2025 dan untuk                                  As of 31 December 2025 and for
          Tahun Berakhir pada Tanggal Tersebut                                    for the Year Then Ended
             (Disajikan dalam jutaan Rupiah,                                  (Expressed in millions of Rupiah,
                 kecuali dinyatakan lain)                                         unless otherwise stated)

2.   INFORMASI KEBIJAKAN AKUNTANSI MATERIAL                       2.   MATERIAL ACCOUNTING POLICY INFORMATION
     (lanjutan)                                                        (continued)

     c.    Instrumen keuangan (lanjutan)                               c. Financial instruments (continued)

           viii. Cadangan kerugian penurunan nilai aset                   viii. Allowance for impairment losses of financial
                 keuangan (lanjutan)                                            assets (continued)

               Metode penurunan nilai (lanjutan)                               Impairment method (continued)

              Grup melakukan evaluasi penurunan nilai                         The Group evaluates the impairment using the
              dengan metode sebagai berikut: (lanjutan)                       following methods: (continued)

              b. Metode Kolektif (lanjutan)                                   b.   Collective Method (continued)

                 Evaluasi Penurunan Nilai (lanjutan)                               Impairment Evaluation (continued)

                 a. Probability of Default (lanjutan)                              a.   Probability of Default (continued)

                     Metode Roll Rate Transition Matrix                                 The Roll Rate Transition Matrix
                     menggunakan historical transition                                  method uses the historical transition
                     bucket PD. Bucket PD yang digunakan                                bucket PD. PD buckets used in
                     dalam perhitungan historical adalah                                historical calculations are as follows:
                     sebagai berikut:
                     1. Bucket 1: Lancar                                                1.   Bucket 1: Current
                     2. Bucket 2: 1-30 days past due                                    2.   Bucket 2: 1-30 days past due
                         (dpd)                                                               (dpd)
                     3. Bucket 3: 31-60 dpd                                             3.   Bucket 3: 31-60 dpd
                     4. Bucket 4: 61-90 dpd                                             4.   Bucket 4: 61-90 dpd
                     5. Bucket 5: > 90 dpd                                              5.   Bucket 5: > 90 dpd

                     PD       Forward-Looking      Macro                                PD       Forward-Looking    Macro
                     Adjustment adalah metode yang                                      Adjustment is a method used to
                     digunakan untuk menentukan nilai PD                                determine the forward looking PD
                     forward looking dari pendekatan baik                               value of both Basel and Roll Rate
                     Basel maupun Roll Rate berdasarkan                                 approaches based on the historical
                     hubungan historis antara makro                                     relationship between the macro
                     ekonomi dengan nilai PD Bank                                       economy and the PD value of
                                                                                        the Bank.

                 b. Loss Given Default                                             b.   Loss Given Default

                     Bank menggunakan metode Basel dan                                  The Bank uses Basel and Historical
                     Historical dalam menentukan nilai LGD                              methods in determining the LGD
                     dari       setiap   debitur.      LGD                              value of each debtor. LGD describes
                     menggambarkan persentase nominal                                   the nominal percentage of the facility
                     fasilitas yang tidak akan dapat                                    that the Bank will not be able to
                     dipulihkan oleh Bank terhadap debitur                              recover against the default debtor.
                     default. LGD biasa dihitung dengan                                 Regular LGD is calculated with
                     formula 1-Recovery Rate. Recovery                                  formula 1-Recovery Rate. The
                     rate dihitung mempertimbangkan Time                                recovery rate is calculated by
                     Value of Money dari pengembalian                                   considering the Time Value of Money
                     kewajiban yang telah default. Tingkat                              from the recovery of the default
                     suku bunga yang digunakan untuk                                    obligation. The interest rate used to
                     menghitung Time Value of Money dari                                calculate the Time Value of Money of
                     Recovery adalah Effective Interest                                 Recovery is the Effective Interest
                     Rate (EIR).                                                        Rate (EIR).




                                                             87
Page 1102
                                                                                      The original consolidated financial statements
                                                                                    included herein are in the Indonesian language.

            PT BANK MANDIRI (PERSERO) Tbk                                     PT BANK MANDIRI (PERSERO) Tbk
                DAN ENTITAS ANAKNYA                                                 AND ITS SUBSIDIARIES
          CATATAN ATAS LAPORAN KEUANGAN                                        NOTES TO THE CONSOLIDATED
                     KONSOLIDASIAN                                                 FINANCIAL STATEMENTS
           Tanggal 31 Desember 2025 dan untuk                                   As of 31 December 2025 and for
          Tahun Berakhir pada Tanggal Tersebut                                     for the Year Then Ended
             (Disajikan dalam jutaan Rupiah,                                   (Expressed in millions of Rupiah,
                 kecuali dinyatakan lain)                                          unless otherwise stated)

2.   INFORMASI KEBIJAKAN AKUNTANSI MATERIAL                        2.   MATERIAL ACCOUNTING POLICY INFORMATION
     (lanjutan)                                                         (continued)

     c.    Instrumen keuangan (lanjutan)                                c. Financial instruments (continued)

           viii. Cadangan kerugian penurunan nilai aset                    viii. Allowance for impairment losses of financial
                 keuangan (lanjutan)                                             assets (continued)

               Metode penurunan nilai (lanjutan)                                Impairment method (continued)

              Grup melakukan evaluasi penurunan nilai                          The Group evaluates the impairment using the
              dengan metode sebagai berikut: (lanjutan)                        following methods: (continued)

              b. Metode Kolektif (lanjutan)                                    b.   Collective Method (continued)

                 Evaluasi Penurunan Nilai (lanjutan)                                Impairment Evaluation (continued)

                 b.   Loss Given Default (lanjutan)                                 b.   Loss Given Default (continued)

                      Metode Basel dilakukan dengan                                      The Basel method is carried out by
                      menentukan hubungan antara LGD                                     determining the relationship between
                      suatu debitur dengan karakteristik                                 a debtor's LGD and the internal
                      internal    dari    debitur     yang                               characteristics   of    the    debtor
                      bersangkutan. Model Basel yang                                     concerned. The Basel model that has
                      telah didapatkan digunakan sebagai                                 been obtained is used as the basis for
                      dasar penentuan nilai LGD dari setiap                              determining the LGD value of each
                      debitur.                                                           debtor.

                      Metode Historical dilakukan dengan                                 Historical method is done by
                      menghitung rata-rata nilai LGD dalam                               calculating the average value of LGD
                      periode jangka panjang pada segmen                                 in the long term observation period in
                      yang dimaksud.                                                     the respective segment.

                      Forward-Looking Macro Adjustment                                   Forward-Looking Macro Adjustment
                      pada LGD adalah metode yang                                        in LGD is a method used to determine
                      digunakan untuk menentukan nilai                                   the forward looking LGD value based
                      LGD forward looking berdasarkan                                    on the historical relationship between
                      hubungan          historis     antara                              macroeconomics and the Bank's LGD
                      makroekonomi dengan nilai LGD                                      value. If there is no relationship
                      Bank. Jika tidak didapatkan hubungan                               between macroeconomics and the
                      antara makroekonomi dengan nilai                                   Bank's LGD value, the Bank may not
                      LGD Bank, maka Bank tidak dapat                                    use Forward-Looking in determining
                      menggunakan           Forward-Looking                              the LGD value.
                      dalam penentuan nilai LGD.

                 c.   Exposure at Default                                           c.   Exposure at Default

                      Dalam menentukan nilai EAD dari                                    In determining the EAD value of each
                      setiap debitur, Bank menggunakan                                   debtor, the Bank uses the Basel,
                      metode Basel, Prepayment Rate dan                                  Prepayment Rate, and Expected
                      Expected        Lifetime.       EAD                                Lifetime method. EAD describes the
                      menggambarkan exposure yang akan                                   exposure that will be borne by the
                      ditanggung Bank jika terdapat debitur                              Bank if there is a debtor become
                      yang default.                                                      defaults.

                      Metode Basel dalam perhitungan                                     The Basel method in calculating EAD
                      EAD dilakukan dengan menentukan                                    is performed by determining the
                      hubungan antara EAD suatu debitur                                  relationship between a debtor's EAD
                      dengan karakteristik internal dari                                 and the internal characteristics of the
                      debitur yang bersangkutan.                                         respective debtor.




                                                              88
Page 1103
                                                                                       The original consolidated financial statements
                                                                                     included herein are in the Indonesian language.

            PT BANK MANDIRI (PERSERO) Tbk                                      PT BANK MANDIRI (PERSERO) Tbk
                DAN ENTITAS ANAKNYA                                                  AND ITS SUBSIDIARIES
          CATATAN ATAS LAPORAN KEUANGAN                                         NOTES TO THE CONSOLIDATED
                     KONSOLIDASIAN                                                  FINANCIAL STATEMENTS
           Tanggal 31 Desember 2025 dan untuk                                    As of 31 December 2025 and for
          Tahun Berakhir pada Tanggal Tersebut                                      for the Year Then Ended
             (Disajikan dalam jutaan Rupiah,                                    (Expressed in millions of Rupiah,
                 kecuali dinyatakan lain)                                           unless otherwise stated)

2.   INFORMASI KEBIJAKAN AKUNTANSI MATERIAL                         2.   MATERIAL ACCOUNTING POLICY INFORMATION
     (lanjutan)                                                          (continued)

     c.    Instrumen keuangan (lanjutan)                                 c. Financial instruments (continued)

           viii. Cadangan kerugian penurunan nilai aset                     viii. Allowance for impairment losses of financial
                 keuangan (lanjutan)                                              assets (continued)

               Metode penurunan nilai (lanjutan)                                 Impairment method (continued)

              Grup melakukan evaluasi penurunan nilai                           The Group evaluates the impairment using the
              dengan metode sebagai berikut: (lanjutan)                         following methods: (continued)

              b. Metode Kolektif (lanjutan)                                     b.   Collective Method (continued)

                 Evaluasi Penurunan Nilai (lanjutan)                                 Impairment Evaluation (continued)

                 c.   Exposure at Default (lanjutan)                                 c.   Exposure at Default (continued)

                      Metode Prepayment Rate ialah                                        The Prepayment Rate method is
                      metode yang mempelajari behaviour                                   a method that studies the behavior of
                      dari tingkat pembayaran debitur yang                                the debtor's payment rate that is
                      lebih besar dibandingkan dengan                                     bigger than the scheduled facility
                      besaran pembayaran fasilitas yang                                   payment amount.
                      telah dijadwalkan.

                      Metode Expected Lifetime ialah                                      The Expected Lifetime method is
                      metode yang mempelajari behaviour                                   a method that studies the behavior of
                      dari tingkat penyelesaian fasilitas                                 the debtor's level of settlement (paid
                      (lunas atau hapus buku) debitur                                     off or write off) compared to the facility
                      dibandingkan       dengan  jadwal                                   settlement schedule.
                      penyelesaian fasilitas.

                 d.   Expected Credit Loss                                           d.   Expected Credit Loss

                      Secara     umum      formula  untuk                                 In general, the formula for calculating
                      menghitung ECL secara kolektif                                      collective ECL is the multiplication of
                      adalah pengkalian antara Probability                                Probability of Default, Loss Given
                      of Default, Loss Given Default, dan                                 Default, and Exposure at Default.
                      Exposure at Default.

                      Dalam      menghitung      besarnya                                 In calculating the amount of collective
                      cadangan kerugian penurunan nilai                                   impairment, the Bank uses the loan
                      kolektif, Bank menggunakan nilai                                    carrying value which the impairment
                      saldo rekening kredit dari yang                                     value is assessed collectively.
                      penurunan nilainya dievaluasi secara
                      kolektif.

                      Metode perhitungan pada masing-                                     The calculation method for each stage
                      masing stage adalah sebagai berikut:                                is as follows:
                      1. Stage 1: 12-months ECL                                           1. Stage 1: 12-months ECL
                      2. Stage 2: Lifetime ECL                                            2. Stage 2: Lifetime ECL
                      3. Stage 3: Lifetime ECL                                            3. Stage 3: Lifetime ECL

                      Perhitungan      cadangan     kerugian                              Calculation of impairment is done for
                      penurunan nilai sesuai pada masing-                                 each stage according to the
                      masing       stage     sesuai    pada                               characteristics of the staging.
                      karakteristik staging.




                                                               89
Page 1104
                                                                                      The original consolidated financial statements
                                                                                    included herein are in the Indonesian language.

            PT BANK MANDIRI (PERSERO) Tbk                                     PT BANK MANDIRI (PERSERO) Tbk
                DAN ENTITAS ANAKNYA                                                 AND ITS SUBSIDIARIES
          CATATAN ATAS LAPORAN KEUANGAN                                        NOTES TO THE CONSOLIDATED
                     KONSOLIDASIAN                                                 FINANCIAL STATEMENTS
           Tanggal 31 Desember 2025 dan untuk                                   As of 31 December 2025 and for
          Tahun Berakhir pada Tanggal Tersebut                                     for the Year Then Ended
             (Disajikan dalam jutaan Rupiah,                                   (Expressed in millions of Rupiah,
                 kecuali dinyatakan lain)                                          unless otherwise stated)

2.   INFORMASI KEBIJAKAN AKUNTANSI MATERIAL                        2.   MATERIAL ACCOUNTING POLICY INFORMATION
     (lanjutan)                                                         (continued)

     c.    Instrumen keuangan (lanjutan)                                c. Financial instruments (continued)

           viii. Cadangan kerugian penurunan nilai aset                    viii. Allowance for impairment losses of financial
                 keuangan (lanjutan)                                             assets (continued)

               Metode penurunan nilai (lanjutan)                                Impairment method (continued)

              Grup melakukan evaluasi penurunan nilai                          The Group evaluates the impairment using the
              dengan metode sebagai berikut: (lanjutan)                        following methods: (continued)

              b. Metode Kolektif (lanjutan)                                    b.   Collective Method (continued)

                 Evaluasi Penurunan Nilai (lanjutan)                                Impairment Evaluation (continued)

                 d.   Expected Credit Loss (lanjutan)                               d.   Expected Credit Loss (continued)

                      12-Months ECL adalah perhitungan                                   12-Months ECL is the calculation of
                      kerugian ekspektasian yang dihitung                                the expected loss for the next 1 year.
                      untuk 1 tahun ke depan.

                      ECL-Lifetime adalah perhitungan                                    ECL-Lifetime is the calculation of the
                      kerugian ekspektasian yang dihitung                                expected loss which is calculated for
                      untuk sisa tenor fasilitas.                                        the remaining tenor of the facility.

                      Dalam perhitungan ECL setiap tahun                                 Every year in calculating the ECL
                      menggunakan discount factor dengan                                 uses the discount factor based on
                      formula yang Grup telah rumuskan.                                  formula that the Group has
                                                                                         formulated.
                      Probability      weighted      dalam
                      perhitungan    cadangan      kerugian                              The probability weighted in the
                      penurunan nilai telah ditentukan oleh                              calculation of impairment has been
                      Grup mencakup persentase skenario                                  determined by the Group which
                      optimis, normal, dan pesimis.                                      includes the percentage of optimistic,
                                                                                         normal, and pessimistic scenarios.

                      Total rata-rata tertimbang atas                                    The total weighted of the estimated
                      estimasi arus kas dimaksud menjadi                                 cash flow becomes a deduction from
                      pengurang atas nilai tercatat kredit                               the carrying amount of the loans,
                      yang dimana selisihnya akan menjadi                                where the difference will be the
                      cadangan kerugian penurunan nilai                                  allowance for impairment on loans.
                      kredit.

               Pendapatan bunga sebelum dan sesudah                             Interest income before and after impairment
               penurunan nilai

              Sebelum terjadinya penurunan nilai (stage 1                      Prior to impairment (stage 1 and 2), interest
              dan 2), pendapatan bunga dihitung                                income is calculated using the effective interest
              menggunakan metode bunga efektif yaitu                           method, by applying an effective interest rate to
              dengan menerapkan suku bunga efektif atas                        the gross carrying amount of financial assets
              jumlah tercatat bruto aset keuangan kecuali                      except for financial assets purchased or
              untuk aset keuangan yang dibeli atau yang                        originated from impaired financial assets.
              berasal dari aset keuangan memburuk.




                                                              90
Page 1105
                                                                                        The original consolidated financial statements
                                                                                      included herein are in the Indonesian language.

            PT BANK MANDIRI (PERSERO) Tbk                                       PT BANK MANDIRI (PERSERO) Tbk
                DAN ENTITAS ANAKNYA                                                   AND ITS SUBSIDIARIES
          CATATAN ATAS LAPORAN KEUANGAN                                          NOTES TO THE CONSOLIDATED
                     KONSOLIDASIAN                                                   FINANCIAL STATEMENTS
           Tanggal 31 Desember 2025 dan untuk                                     As of 31 December 2025 and for
          Tahun Berakhir pada Tanggal Tersebut                                       for the Year Then Ended
             (Disajikan dalam jutaan Rupiah,                                     (Expressed in millions of Rupiah,
                 kecuali dinyatakan lain)                                            unless otherwise stated)

2.   INFORMASI KEBIJAKAN AKUNTANSI MATERIAL                          2.   MATERIAL ACCOUNTING POLICY INFORMATION
     (lanjutan)                                                           (continued)

     c.    Instrumen keuangan (lanjutan)                                  c. Financial instruments (continued)

           viii. Cadangan kerugian penurunan nilai aset                      viii. Allowance for impairment losses of financial
                 keuangan (lanjutan)                                               assets (continued)

               Pendapatan bunga sebelum dan sesudah                               Interest income before and after impairment
               penurunan nilai (lanjutan)                                         (continued)

              Pendapatan bunga dari aset keuangan yang                           Interest income from impaired financial assets
              mengalami penurunan nilai (stage 3 atau                            (stage 3 or POCI) is calculated by applying an
              POCI) dilakukan dengan menerapkan suku                             effective interest rate on the net carrying
              bunga efektif atas jumlah tercatat neto aset                       amount of financial assets, which is the
              keuangan yaitu jumlah saldo setelah dikurangi                      outstanding amount after deducting losses due
              dengan kerugian akibat penurunan nilai untuk:                      to impairment for:

              a)   Aset Keuangan yang Dibeli atau Berasal                        a)   Financial Assets Purchased or Originated
                   dari Aset Keuangan Memburuk (“POCI”)                               Credit-Impaired Financial Assets (“POCI”)

                   Untuk aset keuangan tersebut, Grup                                 For these financial assets, the Group
                   menerapkan suku bunga efektif yang                                 applies a risk-adjusted effective interest
                   disesuaikan dengan risiko kredit atas                              rate on the amortised cost of the financial
                   biaya perolehan diamortisasi dari aset                             assets since initial recognition.
                   keuangan sejak pengakuan awal.

              b)   Stage 3                                                       b)   Stage 3

                   Untuk aset keuangan tersebut, Grup                                 For these financial assets, the Group
                   menerapkan suku bunga efektif atas                                 applies an effective interest rate on the
                   biaya perolehan diamortisasi dari aset                             amortised cost of financial assets in the
                   keuangan di periode pelaporan, yaitu nilai                         reporting period, which is the amount that
                   yang telah dikurangi kerugian akibat                               has been reduced by any impairment
                   penurunan nilai.                                                   losses.

                   Pendapatan bunga selanjutnya diakui                                Interest   income     is     subsequently
                   atas dasar suku bunga yang digunakan                               recognised based on of the interest rate
                   untuk mendiskonto arus kas masa depan                              used to discount future cash flows in
                   dalam pengukuran kerugian penurunan                                measuring impairment losses or what is
                   nilai atau yang disebut dengan unwinding                           known as unwinding interest.
                   interest.

               Penyisihan kerugian aset produktif Entitas                         Allowance for possible losses on earning
               Anak berbasis syariah                                              assets of Subsidiary based on sharia

              Cadangan kerugian penurunan nilai atas                             Allowance     for  impairment    losses    on
              piutang murabahah yang dinilai secara                              murabahah receivable is calculated based on
              kolektif dihitung berdasarkan PSAK 402                             collective method according to SFAS 402
              “Akuntansi Murabahah” dan ISAK 402                                 “Accounting for Murabahah” and Interpretation
              “Penurunan Nilai Piutang Murabahah”.                               of Financial Accounting Standard (“IFAS”) 402
                                                                                 “Impairment Loss for Murabahah Receivables”.




                                                                91
Page 1106
                                                                                         The original consolidated financial statements
                                                                                       included herein are in the Indonesian language.

            PT BANK MANDIRI (PERSERO) Tbk                                        PT BANK MANDIRI (PERSERO) Tbk
                DAN ENTITAS ANAKNYA                                                    AND ITS SUBSIDIARIES
          CATATAN ATAS LAPORAN KEUANGAN                                           NOTES TO THE CONSOLIDATED
                     KONSOLIDASIAN                                                    FINANCIAL STATEMENTS
           Tanggal 31 Desember 2025 dan untuk                                      As of 31 December 2025 and for
          Tahun Berakhir pada Tanggal Tersebut                                        for the Year Then Ended
             (Disajikan dalam jutaan Rupiah,                                      (Expressed in millions of Rupiah,
                 kecuali dinyatakan lain)                                             unless otherwise stated)

2.   INFORMASI KEBIJAKAN AKUNTANSI MATERIAL                           2.   MATERIAL ACCOUNTING POLICY INFORMATION
     (lanjutan)                                                            (continued)

     c.    Instrumen keuangan (lanjutan)                                   c. Financial instruments (continued)

           viii. Cadangan kerugian penurunan nilai aset                       viii. Allowance for impairment losses of financial
                 keuangan (lanjutan)                                                assets (continued)

               Penyisihan kerugian aset produktif Entitas                          Allowance for possible losses on earning
               Anak berbasis syariah (lanjutan)                                    assets of Subsidiary based on sharia
                                                                                   (continued)

               Aset produktif terdiri dari giro dan                                Earning assets consist of current account and
               penempatan pada Bank Indonesia dalam                                placements with Bank Indonesia in the form of
               bentuk Sertifikat Bank Indonesia Syariah                            Bank Indonesia Sharia Certificate (Sertifikat
               (SBIS), Fasilitas Simpanan Bank Indonesia                           Bank Indonesia Syariah (SBIS)), Bank
               Syariah (FASBIS), Tagihan Reverse Repo                              Indonesia Sharia Deposit Facility (Fasilitas
               SBSN BI, Term Deposit Valas Syariah BI, giro                        Simpanan Bank Indonesia Syariah (FASBIS)),
               pada bank syariah lain, penempatan pada                             Reverse Repo Receivables State Sharia
               bank syariah lain, investasi pada surat                             Certificates (Surat Berharga Syariah Negara
               berharga, penyertaan modal sementara,                               (SBSN)) BI, Term Deposit Foreign Currency
               piutang        murabahah,         pembiayaan                        Sharia BI, current accounts with other sharia
               musyarakah       dan    Mudharabah         dan                      banks, placement with other sharia banks,
               pembiayaan syariah lainnya (termasuk                                investment in marketable securities, temporary
               pinjaman qardh), dan komitmen dan                                   equity participation, murabahah receivables,
               kontinjensi yang memiliki risiko kredit seperti                     musyarakah and Mudharabah financing and
               bank garansi dan letter of credit (“L/C”) yang                      other sharia financing (including funds of
               tidak dapat dibatalkan dan standby letter of                        qardh), and commitments and contingencies
               credit.                                                             with credit risk, such as bank guarantees,
                                                                                   irrevocable letter of credit (“LC”) and standby
                                                                                   letter of credit.

               Penyisihan kerugian aset produktif dan aset                         Allowance for impairment losses of earning
               non-produktif      bank     umum        yang                        assets and non-earning assets for commercial
               melaksanakan kegiatan berdasarkan prinsip                           bank conducting business based on sharia
               syariah diatur dalam Peraturan Otoritas Jasa                        principles is regulated on Financial Services
               Keuangan (POJK) No. 2/POJK.03/2022                                  Authority          Regulation         (POJK)
               tanggal 31 Januari 2022 tentang “Penilaian                          No. 2/POJK.03/2022 dated 31 January 2022
               Kualitas Aset Bank Umum Syariah dan Unit                            regarding "Asset Quality Assessment for
               Usaha        Syariah”,     serta       POJK                         Sharia Commercial Banks and Sharia
               No. 12/POJK.03/2015 tanggal 21 Agustus                              Business         Units",      and       POJK
               2015 tentang Ketentuan Kehati-hatian                                No. 12/POJK.03/2015 dated 21 August 2015
               dalam Rangka Stimulus Perekonomian                                  regarding Prudential Principle Provisions for
               Nasional bagi Bank Umum Syariah dan Unit                            Sharia Banks and Sharia Commercial
               Usaha Syariah.                                                      Business Units to Stimulate the National
                                                                                   Economy.
              Pedoman pembentukan penyisihan kerugian                              The guidelines for the establishment of
              aset produktif berdasarkan POJK tersebut                             allowance for impairment losses on earning
              adalah sebagai berikut:                                              assets based on the aforementioned FSA
                                                                                   Regulation are as follows:
              1. Cadangan umum, sekurang-kurangnya                                 1. General reserve, shall be at least 1% of
                 sebesar 1% dari aset produktif yang                                  total earning assets classified as current,
                 digolongkan lancar, tidak termasuk SBIS                              excluding      Bank    Indonesia    Sharia
                 dan surat berharga yang diterbitkan                                  Certificates and debt securities issued by
                 pemerintah berdasarkan prinsip syariah,                              the Government based on sharia
                 serta bagian aset produktif yang dijamin                             principles, and part of earning assets
                 dengan jaminan pemerintah dan agunan                                 guaranteed by government and cash
                 tunai berupa giro, tabungan, deposito,                               collateral in the form of demand deposits,
                 setoran jaminan, dan/atau emas yang                                  saving deposits, time deposits, guarantee
                 diblokir dan disertai dengan surat kuasa                             deposits, and/or gold which are pledged
                 pencairan.                                                           and accompanied with the power of
                                                                                      attorney to liquidate.

                                                                 92
Page 1107
                                                                                         The original consolidated financial statements
                                                                                       included herein are in the Indonesian language.

            PT BANK MANDIRI (PERSERO) Tbk                                       PT BANK MANDIRI (PERSERO) Tbk
                DAN ENTITAS ANAKNYA                                                   AND ITS SUBSIDIARIES
          CATATAN ATAS LAPORAN KEUANGAN                                          NOTES TO THE CONSOLIDATED
                     KONSOLIDASIAN                                                   FINANCIAL STATEMENTS
           Tanggal 31 Desember 2025 dan untuk                                     As of 31 December 2025 and for
          Tahun Berakhir pada Tanggal Tersebut                                       for the Year Then Ended
             (Disajikan dalam jutaan Rupiah,                                     (Expressed in millions of Rupiah,
                 kecuali dinyatakan lain)                                            unless otherwise stated)

2.   INFORMASI KEBIJAKAN AKUNTANSI MATERIAL                          2.   MATERIAL ACCOUNTING POLICY INFORMATION
     (lanjutan)                                                           (continued)

     c.    Instrumen keuangan (lanjutan)                                  c. Financial instruments (continued)

           viii. Cadangan kerugian penurunan nilai aset                      viii. Allowance for impairment losses of financial
                 keuangan (lanjutan)                                               assets (continued)

               Penyisihan kerugian aset produktif Entitas                         Allowance for possible losses on earning
               Anak berbasis syariah (lanjutan)                                   assets of Subsidiary based on sharia
                                                                                  (continued)

              Pedoman pembentukan penyisihan kerugian                             The guidelines for the establishment of
              aset produktif berdasarkan POJK tersebut                            allowance for impairment losses on earning
              adalah sebagai berikut (lanjutan):                                  assets based on the aforementioned FSA
                                                                                  Regulation are as follows: (continued)

               2. Cadangan khusus, sekurang-kurangnya                              2. Special reserve shall be at least:
                  sebesar:
                   - 5% dari aset produktif yang                                       - 5% of earning assets classified as
                     digolongkan Dalam Perhatian Khusus                                  Special Mention after deducting
                     setelah dikurangi nilai agunan;                                     collateral value;
                   - 15% dari aset produktif yang                                      - 15% of earning assets classified as
                     digolongkan Kurang Lancar setelah                                   Substandard after deducting collateral
                     dikurangi nilai agunan;                                             value;
                   - 50% dari aset produktif yang                                      - 50% of earning assets classified as
                     digolongkan      Diragukan     setelah                              Doubtful after deducting collateral
                     dikurangi nilai agunan; dan                                         value; and
                   - 100% dari aset produktif yang                                     - 100% of earning assets classified as
                     digolongkan Macet setelah dikurangi                                 Loss after deducting collateral value.
                     nilai agunan.

              3.   Kewajiban untuk membentuk penyisihan                            3. The requirement to establish allowance for
                   kerugian aset produktif tidak berlaku bagi                         impairment losses shall not be applicable
                   aset produktif untuk transaksi sewa                                for earning assets under leasing
                   dengan perpindahan hak milik berupa                                transactions in the form of ijarah or ijarah
                   akad ijarah atau ijarah muntahiyah                                 muntahiyah bittamlik. The Subsidiary is
                   bittamlik. Entitas Anak wajib membentuk                            required to depreciate/ amortize the
                   penyusutan/amortisasi terhadap aset                                assets of ijarah muntahiyah bittamlik.
                   ijarah muntahiyah bittamlik.
               Khusus untuk kualitas surat berharga dan                           For marketable securities and placements to
               penempatan pada Entitas Anak ditetapkan                            the Subsidiary, the collectability is classified
               menjadi 3 (tiga) golongan yaitu lancar, kurang                     into 3 (three) categories: current, substandard,
               lancar dan macet. Sedangkan untuk kualitas                         and loss. collectabilty of investment in shares
               penyertaan modal kualitasnya ditetapkan                            is determined into 4 (four) categories: current,
               menjadi 4 (empat) golongan yaitu lancar,                           substandard, doubtful and loss.
               kurang lancar, diragukan dan macet.
               Untuk       Murabahah,       Entitas     Anak                      For Murabahah, the Subsidiary evaluates
               mengevaluasi apakah terdapat bukti objektif                        whether there is an objective evidence that the
               bahwa aset keuangan atau kelompok aset                             financial assets or group of financial assets are
               keuangan mengalami penurunan nilai. Aset                           impaired. The financial assets or group of
               keuangan atau kelompok aset keuangan                               financial assets are impaired and the
               diturunkan nilainya dan kerugian penurunan                         impairment loss occurred only if there is an
               nilai telah terjadi hanya jika, terdapat bukti                     objective evidence regarding the impairment
               objektif mengenai penurunan nilai tersebut                         as a result of one or more events that occurred
               sebagai akibat dari satu atau lebih peristiwa                      after initial recognition which impacts the
               yang terjadi setelah pengakuan awal tersebut                       estimated future cash flows that can be reliably
               (peristiwa yang merugikan), yang berdampak                         estimated.
               pada estimasi arus kas masa depan atas
               aset keuangan atau kelompok aset yang
               dapat diestimasi secara andal.

                                                                93
Page 1108
                                                                                            The original consolidated financial statements
                                                                                          included herein are in the Indonesian language.

            PT BANK MANDIRI (PERSERO) Tbk                                          PT BANK MANDIRI (PERSERO) Tbk
                DAN ENTITAS ANAKNYA                                                      AND ITS SUBSIDIARIES
          CATATAN ATAS LAPORAN KEUANGAN                                             NOTES TO THE CONSOLIDATED
                     KONSOLIDASIAN                                                      FINANCIAL STATEMENTS
           Tanggal 31 Desember 2025 dan untuk                                        As of 31 December 2025 and for
          Tahun Berakhir pada Tanggal Tersebut                                          for the Year Then Ended
             (Disajikan dalam jutaan Rupiah,                                        (Expressed in millions of Rupiah,
                 kecuali dinyatakan lain)                                               unless otherwise stated)

2.   INFORMASI KEBIJAKAN AKUNTANSI MATERIAL                             2.   MATERIAL ACCOUNTING POLICY INFORMATION
     (lanjutan)                                                              (continued)

     c.    Instrumen keuangan (lanjutan)                                     c. Financial instruments (continued)

           viii. Cadangan kerugian penurunan nilai aset                         viii. Allowance for impairment losses of financial
                 keuangan (lanjutan)                                                  assets (continued)

               Penyisihan kerugian aset produktif Entitas                            Allowance for possible losses on earning
               Anak berbasis syariah (lanjutan)                                      assets of Subsidiary based on sharia
                                                                                     (continued)

               Cadangan kerugian penurunan nilai atas                                The allowance for impairment on murabahah
               piutang murabahah yang dinilai secara                                 receivables is calculated using collective
               kolektif dihitung berdasarkan PSAK 239                                assessment according to SFAS 239 “Financial
               “Instrumen Keuangan: Pengakuan dan                                    Instruments: Recognition and Measurement”.
               Pengukuran”.

               Sesuai dengan PSAK 402 "Akuntansi                                     In accordance with SFAS 402 “Accounting for
               Murabahah" dan Pedoman Akuntansi                                      Murabahah” and Indonesia Sharia Banking
               Perbankan Syariah Indonesia (PAPSI),                                  Accounting Guidelines (PAPSI), the Subsidiary
               Entitas Anak menghitung CKPN individual                               calculates individual allowance for impairment
               untuk piutang murabahah sesuai dengan                                 losses for murabahah receivables in
               ketentuan di ISAK 402 “Penurunan Nilai                                accordance with IFAS 402 “Impairment of
               Piutang Murabahah”.                                                   Murabahah Receivables”.

               Entitas     Anak       menetapkan       piutang                       The     Subsidiary determines murabahah
               murabahah         yang    harus      dievaluasi                       receivables to be evaluated for impairment
               penurunan nilainya secara individual, jika                            through individual evaluation if one of the
               memenuhi salah satu kriteria di bawah ini:                            following criteria is met:
               1) Piutang          murabahah          memiliki                       1) Murabahah         receivables which have
                    kolektibilitas kurang lancar, diragukan                              collectability status as substandard, doubtful
                    dan macet, dan memiliki saldo nilai                                  and loss, and have an individual receivables
                    piutang secara individual di atas atau                               balance of above or equal to Rp10,000; and
                    sama dengan Rp10.000; dan
               2) Piutang            murabahah            yang                       2) Murabahah       receivables    that   are
                    direstrukturisasi      atau        pernah                           restructured or had been restructured and
                    direstrukturisasi dan yang secara                                   which individually have a balance of
                    individual memiliki saldo nilai piutang di                          receivables above or equal Rp10,000.
                    atas Rp10.000.

               Entitas     Anak       menetapkan         piutang                     The     Subsidiary determines murabahah
               murabahah        yang      harus       dievaluasi                     receivables to be evaluated for impairment
               penurunan nilainya secara kolektif, jika                              through collective evaluation if one of the
               memenuhi salah satu kriteria di bawah ini:                            following criteria is met:
               1) Piutang murabahah yang secara                                      1) Murabahah receivables which individually
                    individual memiliki nilai signifikan namun                           have significant value but there is no
                    tidak memiliki bukti objektif penurunan                              objective evidence of impairment;
                    nilai;
               2) Piutang murabahah yang secara                                      2) Murabahah receivables which individually
                    individual memiliki nilai tidak signifikan;                         have insignificant value; and
                    dan
               3) Piutang             murabahah             yang                     3) Restructured murabahah receivables which
                    direstrukturisasi yang secara individual                            individually have insignificant value.
                    memiliki nilai tidak signifikan.

                Perhitungan cadangan kerugian penurunan                              The calculation of allowance for impairment
                nilai atas aset keuangan yang dinilai secara                         losses on financial assets which are evaluated
                kolektif     dikelompokkan        berdasarkan                        collectively, grouped based on similar
                karakteristik risiko piutang yang sama                               receivable risk characteristics and taking into
                dengan mempertimbangkan segmentasi                                   account the receivable segmentation on the
                piutang berdasarkan pengalaman kerugian                              basis of historical loss experience (probability
                masa lalu (probability of default).                                  of default).

                                                                   94
Page 1109
                                                                                         The original consolidated financial statements
                                                                                       included herein are in the Indonesian language.

            PT BANK MANDIRI (PERSERO) Tbk                                       PT BANK MANDIRI (PERSERO) Tbk
                DAN ENTITAS ANAKNYA                                                   AND ITS SUBSIDIARIES
          CATATAN ATAS LAPORAN KEUANGAN                                          NOTES TO THE CONSOLIDATED
                     KONSOLIDASIAN                                                   FINANCIAL STATEMENTS
           Tanggal 31 Desember 2025 dan untuk                                     As of 31 December 2025 and for
          Tahun Berakhir pada Tanggal Tersebut                                       for the Year Then Ended
             (Disajikan dalam jutaan Rupiah,                                     (Expressed in millions of Rupiah,
                 kecuali dinyatakan lain)                                            unless otherwise stated)

2.   INFORMASI KEBIJAKAN AKUNTANSI MATERIAL                          2.   MATERIAL ACCOUNTING POLICY INFORMATION
     (lanjutan)                                                           (continued)

     c.    Instrumen keuangan (lanjutan)                                  c. Financial instruments (continued)

           viii. Cadangan kerugian penurunan nilai aset                      viii. Allowance for impairment losses of financial
                 keuangan (lanjutan)                                               assets (continued)

               Penyisihan kerugian aset produktif Entitas                         Allowance for possible losses on earning
               Anak berbasis syariah (lanjutan)                                   assets of Subsidiary based on sharia
                                                                                  (continued)

               Entitas Anak menggunakan metode analisis                           The Subsidiary uses the migration analysis
               migrasi yang merupakan suatu metode                                method which is a statistical analysis method
               analisis statistik, untuk menilai cadangan                         to assess allowance for impairment losses on
               kerugian penurunan nilai atas piutang yang                         collective receivables. The Subsidiary uses
               diberikan secara kolektif. Entitas Anak                            5 (five) years historical data to compute for the
               menggunakan             data        historis                       Probablitity of Default (“PD”) and Loss Given
               5 (lima) tahun dalam menghitung Probability                        Default (“LGD”).
               of Default (“PD”) dan Loss Given Default
               (“LGD”).

               Perhitungan         cadangan         kerugian                     The calculation of allowance for impairment
               penurunan nilai atas aset keuangan yang                           losses on financial assets which are evaluated
               dinilai secara kolektif dikelompokkan                             collectively, grouped based on similar receivable
               berdasarkan karakteristik risiko piutang yang                     risk characteristics and taking into account the
               sama         dengan     mempertimbangkan                          receivable segmentation on the basis of
               segmentasi        piutang        berdasarkan                      historical loss experience (probability of default).
               pengalaman kerugian masa lalu (probability
               of default).

               Bank menggunakan metode analisis                                  The Bank uses the migration analysis method
               migrasi yang merupakan suatu metode                               which is a statistical model analysis method to
               analisis statistik, untuk menilai cadangan                        assess allowance for impairment losses on
               kerugian penurunan nilai atas piutang yang                        collective receivables. The Bank uses 5 (five)
               diberikan        secara   kolektif.    Bank                       years historical data to compute for the
               menggunakan data historis 5 (lima) tahun                          Probability of Default (“PD”) and Loss Given
               dalam menghitng Probability of Default (“PD)                      Default (“LGD”).
               dan Loss Given Default (“LGD”).

               Kerugian penurunan nilai atas aset                                Impairment losses on financial assets recorded
               keuangan yang dicatat pada biaya perolehan                        at amortised cost are measured as the
               diamortisasi diukur sebesar selisih antara                        difference between the carrying amount of the
               nilai tercatat aset keuangan dengan nilai kini                    financial assets and present value of estimated
               estimasi arus kas masa datang yang                                future cash flows discounted at the financial
               didiskonto menggunakan tingkat margin                             assets original effective margin rate.
               efektif awal dari aset keuangan tersebut.

               Kerugian yang terjadi diakui pada laporan                         Impairment losses are recognised in statements
               laba rugi dan penghasilan komprehensif lain                       of profit or loss and other comprehensive
               dan dicatat pada akun cadangan kerugian                           income and reflected in an allowance for
               penurunan nilai sebagai pengurang terhadap                        impairment losses account against financial
               asset keuangan yang dicatat pada biaya                            assets carried at amortised cost.
               perolehan diamortisasi.




                                                                95
Page 1110
                                                                                       The original consolidated financial statements
                                                                                     included herein are in the Indonesian language.

            PT BANK MANDIRI (PERSERO) Tbk                                      PT BANK MANDIRI (PERSERO) Tbk
                DAN ENTITAS ANAKNYA                                                  AND ITS SUBSIDIARIES
          CATATAN ATAS LAPORAN KEUANGAN                                         NOTES TO THE CONSOLIDATED
                     KONSOLIDASIAN                                                  FINANCIAL STATEMENTS
           Tanggal 31 Desember 2025 dan untuk                                    As of 31 December 2025 and for
          Tahun Berakhir pada Tanggal Tersebut                                      for the Year Then Ended
             (Disajikan dalam jutaan Rupiah,                                    (Expressed in millions of Rupiah,
                 kecuali dinyatakan lain)                                           unless otherwise stated)

2.   INFORMASI KEBIJAKAN AKUNTANSI MATERIAL                         2.   MATERIAL ACCOUNTING POLICY INFORMATION
     (lanjutan)                                                          (continued)

     c.    Instrumen keuangan (lanjutan)                                 c. Financial instruments (continued)

           viii. Cadangan kerugian penurunan nilai aset                     viii. Allowance for impairment losses of financial
                 keuangan (lanjutan)                                              assets (continued)

               Penyisihan kerugian aset produktif Entitas                       Allowance for possible losses on earning
               Anak berbasis syariah (lanjutan)                                 assets of Subsidiary based on sharia
                                                                                (continued)

              Kontrak jaminan keuangan dan komitmen                              Financial   guarantee         contracts       and
                                                                                 commitments

              Kontrak jaminan keuangan adalah kontrak                           Financial guarantee contracts are contracts that
              yang     mengharuskan      penerbit untuk                         require the issuer to make specified payments
              melakukan pembayaran yang ditetapkan                              to reimburse the contracts holder for
              untuk mengganti uang pemegang kontrak                             a loss incurred because a specified debtor
              atas kerugian yang terjadi karena debitur                         defaulted to make payments when due, in
              tertentu gagal untuk melakukan pembayaran                         accordance with the terms of a debt instrument.
              pada saat jatuh tempo, sesuai dengan
              ketentuan dari instrumen utang.

              Jaminan keuangan tersebut diberikan kepada                        Such financial guarantees are given to banks,
              bank-bank, lembaga keuangan dan badan-                            financial institutions and other institutions on
              badan lainnya atas nama debitur untuk                             behalf of customers to secure loans and other
              menjamin    kredit  dan    fasilitas-fasilitas                    banking facilities.
              perbankan lainnya.

              Jaminan keuangan awalnya diakui dalam                             Financial guarantees are initially recognised in
              laporan keuangan konsolidasian sebesar nilai                      the consolidated financial statements at fair
              wajar pada tanggal jaminan diberikan. Nilai                       value on the date which the guarantee was
              wajar dari jaminan keuangan pada saat                             given. The fair value of a financial guarantee at
              dimulainya transaksi pada umumnya sama                            inception is likely to equal with the provision
              dengan provisi yang diterima untuk jaminan                        received because all guarantees are agreed on
              diberikan dengan syarat dan kondisi normal.                       arm’s length terms.

               Setelah pengakuan awal, liabilitas Bank atas                     Subsequent to initial recognition, the Bank’s
               jaminan tersebut diukur pada jumlah yang                         liabilities under such guarantees are measured
               lebih tinggi antara jumlah awal, dikurangi                       at the higher amount between the initial
               amortisasi provisi dan estimasi terbaik dari                     amount, less amortisation of provision
               jumlah yang diharapkan akan terjadi untuk                        recognised, and the best estimates of the
               menyelesaikan jaminan tersebut. Estimasi ini                     amount required to settle the guarantee. These
               ditentukan     berdasarkan       pengalaman                      estimation are determined based on
               transaksi yang sejenis dan kerugian historis                     experience of similar transactions and history
               masa lalu, dilengkapi dengan penilaian                           of past losses, supplemented by the judgement
               manajemen.                                                       from management.

               Estimasi    ini   ditentukan   berdasarkan                       These estimation are determined based on
               kemiripan transaksi dan sejarah kerugian di                      experience of similar transactions and history
               masa lalu, dilengkapi dengan justifikasi dari                    of past losses, supplemented by the judgement
               manajemen. Pendapatan provisi yang                               from management. The provision income
               diperoleh diamortisasi selama jangka waktu                       earned is amortised over the period of
               jaminan dengan menggunakan metode garis                          guarantees using the straight-line method.
               lurus.




                                                               96
Page 1111
                                                                                            The original consolidated financial statements
                                                                                          included herein are in the Indonesian language.

            PT BANK MANDIRI (PERSERO) Tbk                                        PT BANK MANDIRI (PERSERO) Tbk
                DAN ENTITAS ANAKNYA                                                    AND ITS SUBSIDIARIES
          CATATAN ATAS LAPORAN KEUANGAN                                           NOTES TO THE CONSOLIDATED
                     KONSOLIDASIAN                                                    FINANCIAL STATEMENTS
           Tanggal 31 Desember 2025 dan untuk                                      As of 31 December 2025 and for
          Tahun Berakhir pada Tanggal Tersebut                                        for the Year Then Ended
             (Disajikan dalam jutaan Rupiah,                                      (Expressed in millions of Rupiah,
                 kecuali dinyatakan lain)                                             unless otherwise stated)

2.   INFORMASI KEBIJAKAN AKUNTANSI MATERIAL                           2.   MATERIAL ACCOUNTING POLICY INFORMATION
     (lanjutan)                                                            (continued)

     c.    Instrumen keuangan (lanjutan)                                   c. Financial instruments (continued)

           viii. Cadangan kerugian penurunan nilai aset                       viii. Allowance for impairment losses of financial
                 keuangan (lanjutan)                                                assets (continued)

               Penyisihan kerugian aset produktif Entitas                          Allowance for possible losses on earning
               Anak berbasis syariah (lanjutan)                                    assets of Subsidiary based on sharia
                                                                                   (continued)

              Kontrak jaminan keuangan dan komitmen                                Financial   guarantee            contracts       and
              (lanjutan)                                                           commitments (continued)

               Bank menentukan cadangan kerugian                                      The Bank determines impairment losses on
               penurunan nilai aset keuangan atas kontrak                             financial assets of financial guarantee
               jaminan keuangan yang memiliki risiko kredit                           contracts that have credit risk and
               dan komitmen berdasarkan nilai yang lebih                              commitment based on the value that is higher
               tinggi antara nilai amortisasi (nilai tercatat)                        between the amortised value (carrying value)
               dan nilai kini atas pembayaran liabilitas yang                         and the present value of the liabilities that are
               diharapkan akan terjadi (ketika pembayaran                             expected to occur (when payment under the
               atas jaminan tersebut menjadi probable) atau                           guarantee has become probable) or
               nilai cadangan kerugian penurunan nilai yang                           impairment losses that are calculated based
               dihitung berdasarkan data kerugian historis                            on historical loss data for a collective
               untuk evaluasi penurunan nilai secara                                  evaluation of impairment.
               kolektif.

           ix. Investasi pada sukuk                                           ix. Investment in sukuk

               Sebelum pengakuan awal, Grup menentukan                            Before the initial recognition, the Group
               klasifikasi investasi pada sukuk berdasarkan                       determines the classification of investment in
               tujuan investasi Grup.                                             sukuk based on the Group’s investment
                                                                                  objective.

               Klasifikasi dalam investasi sukuk terdiri dari:                    Investment in sukuk can be measured as
                                                                                  follows:

               -   Biaya perolehan                                                -      Acquisition cost

                   Jika investasi tersebut dimiliki dalam                                If the investment is held within a business
                   suatu model usaha yang bertujuan                                      model that aims to collect contractual cash
                   utama untuk memperoleh arus kas                                       flows and there is a contractual
                   kontraktual; dan terdapat persyaratan                                 requirement to determine the specific date
                   kontraktual untuk menentukan tanggal                                  of principal payments and/or the returns.
                   tertentu pembayaran pokok dan/atau                                    The acquisition cost for sukuk ijarah and
                   hasilnya. Biaya perolehan sukuk ijarah                                sukuk Mudharabah includes transaction
                   dan sukuk Mudharabah termasuk biaya                                   cost. The difference between acquisition
                   transaksi. Selisih antara biaya perolehan                             cost and nominal value is amortised using
                   dan nilai nominal diamortisasi secara                                 straight-line method during the period of
                   garis lurus selama jangka waktu sukuk.                                the sukuk instrument.

               -   Diukur pada nilai wajar             melalui                    -      Measured at fair value through other
                   penghasilan komprehensif lain                                         comprehensive income

                   Jika investasi tersebut dimiliki dalam                                If the investment is held within a business
                   suatu model usaha yang bertujuan                                      model which its primary purpose is to
                   utama untuk memperoleh arus kas                                       obtain contractual cash flows and sell
                   kontraktual dan melakukan penjualan                                   off sukuk and there is a contractual
                   sukuk    dan    terdapat   persyaratan                                requirements determined by specific date
                   kontraktual menentukan tanggal tertentu                               of payment of principal and/or results.
                   pembayaran pokok dan/atau hasilnya.

                                                                 97
Page 1112
                                                                                               The original consolidated financial statements
                                                                                             included herein are in the Indonesian language.

            PT BANK MANDIRI (PERSERO) Tbk                                               PT BANK MANDIRI (PERSERO) Tbk
                DAN ENTITAS ANAKNYA                                                           AND ITS SUBSIDIARIES
          CATATAN ATAS LAPORAN KEUANGAN                                                  NOTES TO THE CONSOLIDATED
                     KONSOLIDASIAN                                                           FINANCIAL STATEMENTS
           Tanggal 31 Desember 2025 dan untuk                                             As of 31 December 2025 and for
          Tahun Berakhir pada Tanggal Tersebut                                               for the Year Then Ended
             (Disajikan dalam jutaan Rupiah,                                             (Expressed in millions of Rupiah,
                 kecuali dinyatakan lain)                                                    unless otherwise stated)

2.   INFORMASI KEBIJAKAN AKUNTANSI MATERIAL                                2.   MATERIAL ACCOUNTING POLICY INFORMATION
     (lanjutan)                                                                 (continued)

     c.    Instrumen keuangan (lanjutan)                                        c. Financial instruments (continued)

           ix. Investasi pada sukuk (lanjutan)                                     ix. Investment in sukuk (lanjutan)

                Klasifikasi dalam investasi sukuk terdiri dari:                         Investment in sukuk can be measured as
                (lanjutan)                                                              follows: (continued)

                -       Diukur pada nilai wajar melalui                                 -   Measured at fair value through other
                        penghasilan komprehensif lain (lanjutan)                            comprehensive income (continued)

                        Biaya perolehan sukuk ijarah dan                                     The acquisition cost of sukuk ijarah and
                        sukuk Mudharabah termasuk biaya                                      sukuk Mudharabah includes transaction
                        transaksi. Selisih antara biaya perolehan                            costs. The difference between the
                        dan      nilai    nominal     diamortisasi                           acquisition cost and nominal value is
                        secara garis lurus selama jangka                                     amortised on straight-line basis over the
                        waktu sukuk. Perubahan nilai wajar                                   terms of sukuk. The changes in fair value
                        diakui dalam penghasilan komprehensif                                are recognised in other comprehensive
                        lain. Pada saat penghentian pengakuan                                income. At the time of derecognition, the
                        saldo, perubahan nilai wajar dalam                                   changes in fair value in other
                        penghasilan        komprehensif       lain                           comprehensive income are reclassified to
                        direklasifikasi ke laba rugi sebagai                                 profit or loss as a reclassification
                        penyesuaian reklasifikasi.                                           adjustment.

                    -   Diukur pada nilai wajar melalui laba rugi                       -   Measured at fair value through profit or
                                                                                            loss

                        Biaya perolehan sukuk ijarah dan sukuk                               The acquisition cost of sukuk ijarah and
                        Mudharabah yang diukur pada nilai wajar                              sukuk Mudharabah is measured at fair
                        melalui laba rugi tidak termasuk biaya                               value through profit or loss excluding
                        transaksi. Untuk investasi pada sukuk                                transaction costs. For investments in
                        yang diukur pada nilai wajar melalui laba                            sukuk which are measured at fair value
                        rugi, selisih antara nilai wajar dan jumlah                          through profit or loss, the difference
                        tercatat diakui dalam laba rugi.                                     between the fair value and the carrying
                                                                                             amount is recognised in profit or loss.

           x.   Sukuk Mudharabah yang diterbitkan                                  x.   Sukuk Mudharabah issued

                Sukuk Mudharabah yang diterbitkan disajikan                             Sukuk Mudharabah issued is recognised at
                sebesar nilai nominal. Biaya-biaya yang                                 nominal amount. Transaction costs from the
                timbul dari penerbitan surat berharga dicatat                           issuance of sukuk Mudharabah are recognised
                sebagai beban yang ditangguhkan yang                                    as deferred expense and presented as “Other
                disajikan dalam akun “Aset lain-lain” dan                               assets” and amortised using straight-line over
                diamortisasi secara garis lurus selama jangka                           the terms of sukuk Mudharabah.
                waktu sukuk Mudharabah.

           xi. Penentuan nilai wajar                                               xi. Determination of fair value

                Nilai wajar adalah pengukuran berbasis                                  Fair value is a market-based measurement.
                pasar. Pengukuran/penetapan nilai wajar                                 The measurement/determination of fair value
                bertujuan untuk mengestimasi harga dimana                               aims to estimate the price at which an orderly
                transaksi teratur (orderly transaction) untuk                           transaction to sell an asset or transfer a liability
                menjual aset atau mengalihkan liabilitas akan                           would occur between market participants at the
                terjadi antara pelaku pasar (market                                     measurement date.
                participants) pada tanggal pengukuran.




                                                                      98
Page 1113
                                                                                         The original consolidated financial statements
                                                                                       included herein are in the Indonesian language.

            PT BANK MANDIRI (PERSERO) Tbk                                        PT BANK MANDIRI (PERSERO) Tbk
                DAN ENTITAS ANAKNYA                                                    AND ITS SUBSIDIARIES
          CATATAN ATAS LAPORAN KEUANGAN                                           NOTES TO THE CONSOLIDATED
                     KONSOLIDASIAN                                                    FINANCIAL STATEMENTS
           Tanggal 31 Desember 2025 dan untuk                                      As of 31 December 2025 and for
          Tahun Berakhir pada Tanggal Tersebut                                        for the Year Then Ended
             (Disajikan dalam jutaan Rupiah,                                      (Expressed in millions of Rupiah,
                 kecuali dinyatakan lain)                                             unless otherwise stated)

2.   INFORMASI KEBIJAKAN AKUNTANSI MATERIAL                           2.   MATERIAL ACCOUNTING POLICY INFORMATION
     (lanjutan)                                                            (continued)

     c.    Instrumen keuangan (lanjutan)                                   c. Financial instruments (continued)

           xi. Penentuan nilai wajar (lanjutan)                               xi. Determination of fair value (continued)

               Ketika tidak terdapat pasar aktif atau harga                       When there is no active market or the price of
               suatu instrumen keuangan yang identik tidak                        an identical financial instrument cannot be
               dapat diobservasi, Grup dapat mengukur nilai                       observed, the Group can measure fair value
               wajar menggunakan teknik penilaian sesuai                          using valuation techniques according to the
               jenis instrumen keuangan.                                          type of financial instrument.

               Grup dapat melakukan pengukuran nilai                              The Group can measure fair value, with the
               wajar, dengan hirarki sebagai berikut:                             following hierarchy:
               1. Input Level 1, yaitu harga kuotasian                            1. Input Level 1, the quoted prices
                   (tanpa penyesuaian) di pasar aktif untuk                            (unadjusted) in active markets for identical
                   aset atau liabilitas yang identik yang                              assets or liabilities that the Group can
                   dapat diakses Grup pada tanggal                                     access at the measurement date.
                   pengukuran.
               2. Input Level 2, yaitu input selain harga                         2.   Input Level 2, the input other than quoted
                   kuotasian yang termasuk dalam level 1                               price included in level 1 that can be
                   yang dapat diobservasi untuk aset atau                              observed for assets or liabilities, either
                   liabilitas, baik secara langsung atau tidak                         directly or indirectly.
                   langsung.
               3. Input Level 3, yaitu input yang tidak dapat                     3.   Input Level 3, the unobservable input for
                   diobservasi untuk aset atau liabilitas.                             an asset or liability.

               Pengukuran nilai wajar mengasumsikan                               A fair value measurement assumes that the
               bahwa transaksi untuk menjual aset atau                            transaction to sell the asset or transfer the
               mengalihkan liabilitas terjadi:                                    liability takes place either:
               -  Di pasar utama untuk aset dan liabilitas                        -     In the principal market for the asset or
                  tersebut; atau                                                        liability; or
               -  Jika tidak terdapat pasar utama, di pasar                       -     In the absence of a principal market, in the
                  yang paling menguntungkan untuk aset                                  most advantageous market for the asset or
                  atau liabilitas tersebut.                                             liability.

               Nilai wajar suatu aset atau liabilitas diukur                      The fair value of an asset or a liability should be
               menggunakan asumsi yang akan digunakan                             measured using the assumptions that market
               pelaku pasar ketika menentukan harga aset                          participants would use when pricing the asset
               dan liabilitas tersebut dengan asumsi bahwa                        or liability, assuming that market participants
               pelaku pasar bertindak dalam kepentingan                           act in their best economic interest.
               ekonomi terbaiknya.

               Pengukuran nilai wajar aset non-keuangan                           A fair value measurement of a non-financial
               memperhitungkan kemampuan pelaku pasar                             asset takes into account a market participant's
               untuk menghasilkan manfaat ekonomi                                 ability to generate economic benefits by using
               dengan     menggunakan       aset    dalam                         the asset at its highest and best use or by
               penggunaan tertinggi dan terbaiknya atau                           selling it to another market participant that
               dengan menjualnya kepada pelaku pasar lain                         would use the asset at its highest and best use.
               yang akan menggunakan aset tersebut dalam
               penggunaan tertinggi dan terbaiknya.




                                                                 99
Page 1114
                                                                                       The original consolidated financial statements
                                                                                     included herein are in the Indonesian language.

            PT BANK MANDIRI (PERSERO) Tbk                                     PT BANK MANDIRI (PERSERO) Tbk
                DAN ENTITAS ANAKNYA                                                 AND ITS SUBSIDIARIES
          CATATAN ATAS LAPORAN KEUANGAN                                        NOTES TO THE CONSOLIDATED
                     KONSOLIDASIAN                                                 FINANCIAL STATEMENTS
           Tanggal 31 Desember 2025 dan untuk                                   As of 31 December 2025 and for
          Tahun Berakhir pada Tanggal Tersebut                                     for the Year Then Ended
             (Disajikan dalam jutaan Rupiah,                                   (Expressed in millions of Rupiah,
                 kecuali dinyatakan lain)                                          unless otherwise stated)

2.   INFORMASI KEBIJAKAN AKUNTANSI MATERIAL                        2.   MATERIAL ACCOUNTING POLICY INFORMATION
     (lanjutan)                                                         (continued)

     c.    Instrumen keuangan (lanjutan)                                c. Financial instruments (continued)

           xi. Penentuan nilai wajar (lanjutan)                            xi. Determination of fair value (continued)

               Nilai wajar untuk instrumen keuangan yang                       The fair value of financial instruments traded in
               diperdagangkan di pasar aktif, seperti efek-                    active markets, such as marketable securities
               efek dan obligasi pemerintah, ditentukan                        and government bonds, is determined based
               berdasarkan nilai pasar yang berlaku pada                       on quoted market prices at the consolidated
               tanggal      laporan      posisi     keuangan                   statement of financial position date using price
               konsolidasian menggunakan harga yang                            that published regularly and from credible
               dipublikasikan secara rutin dan berasal dari                    sources such as quoted market prices from
               sumber yang terpercaya, seperti Bloomberg,                      Bloomberg, Reuters or broker’s quoted price.
               Reuters atau harga yang diberikan oleh                          Investments in mutual fund units are stated at
               broker (harga kuotasian). Investasi dalam unit                  market value, in accordance with the net value
               reksa dana dinyatakan sebesar nilai pasar                       of mutual fund assets at the consolidated
               sesuai nilai aset bersih dari reksa dana pada                   statement of financial position date.
               tanggal      laporan      posisi     keuangan
               konsolidasian.

               Instrumen keuangan dianggap memiliki                            A financial instrument is deemed to be quoted
               kuotasi di pasar aktif, jika harga kuotasi                      in an active market if quoted prices are
               tersedia sewaktu-waktu dan dapat diperoleh                      available at any time and can be obtained
               secara rutin dari bursa, pedagang efek                          regularly from stock exchanges, dealers, and
               (dealer), perantara efek (broker) dan harga                     brokers and these prices reflect actual and
               tersebut mencerminkan transaksi pasar yang                      regular market transactions in a fair
               aktual dan rutin dalam suatu transaksi yang                     transaction. If the criteria above are not met, the
               wajar. Jika kriteria di atas tidak terpenuhi,                   active market is declared unavailable.
               maka pasar aktif dinyatakan tidak tersedia.                     Indications of an inactive market are that there
               Indikasi-indikasi dari pasar tidak aktif adalah                 is a large gap between the bid and ask prices
               terdapat selisih yang besar antara harga                        or a significant increase in the difference
               penawaran dan permintaan atau kenaikan                          between the bid and ask prices, and there are
               signifikan dalam selisih harga penawaran dan                    only a few recent transactions.
               permintaan dan hanya terdapat beberapa
               transaksi terkini.

               Untuk efek-efek yang tidak mempunyai harga                       For marketable securities with no quoted
               pasar, estimasi atas nilai wajar efek-efek                       market price, a reasonable estimate of the fair
               ditetapkan dengan mengacu pada nilai wajar                       value is determined by reference to the current
               instrumen lain yang substansinya sama atau                       market value of another instrument which
               dihitung berdasarkan arus kas yang                               substantially has the same characteristic or
               diharapkan terhadap aset bersih efek-efek                        calculated based on the expected cash flows of
               tersebut.                                                        the underlying net asset base of the marketable
                                                                                securities.

               Untuk obligasi pemerintah yang tidak memiliki                   For government bonds with no quoted market
               nilai pasar, estimasi nilai wajar ditentukan                    prices, a reasonable estimate of the fair value
               dengan menggunakan model internal                               is determined using the internal model based
               berdasarkan nilai kini dari arus kas masa                       on the present value of expected future cash
               depan yang diharapkan (pendekatan next-                         flows using the next-repricing method approach
               repricing method) dengan menggunakan                            with a deflator factor.
               faktor deflator.




                                                             100
Page 1115
                                                                                         The original consolidated financial statements
                                                                                       included herein are in the Indonesian language.

            PT BANK MANDIRI (PERSERO) Tbk                                         PT BANK MANDIRI (PERSERO) Tbk
                DAN ENTITAS ANAKNYA                                                     AND ITS SUBSIDIARIES
          CATATAN ATAS LAPORAN KEUANGAN                                            NOTES TO THE CONSOLIDATED
                     KONSOLIDASIAN                                                     FINANCIAL STATEMENTS
           Tanggal 31 Desember 2025 dan untuk                                       As of 31 December 2025 and for
          Tahun Berakhir pada Tanggal Tersebut                                         for the Year Then Ended
             (Disajikan dalam jutaan Rupiah,                                       (Expressed in millions of Rupiah,
                 kecuali dinyatakan lain)                                              unless otherwise stated)

2.   INFORMASI KEBIJAKAN AKUNTANSI MATERIAL                        2.   MATERIAL ACCOUNTING POLICY INFORMATION
     (lanjutan)                                                         (continued)

     c.    Instrumen keuangan (lanjutan)                                c. Financial instruments (continued)

           xii. Reformasi acuan suku bunga                                   xii. Interest rate benchmark reform

               Untuk pengukuran instrumen keuangan yang                           For the measurement of financial instruments
               menggunakan biaya perolehan diamortisasi                           using amortised cost (financial assets of debt
               (aset keuangan instrumen utang yang                                instruments classified as amortised cost and
               diklasifikasikan sebagai biaya perolehan                           fair value through other comprehensive
               diamortisasi dan nilai wajar melalui                               income, as well as financial liabilities measured
               penghasilan komprehensif lain, serta liabilitas                    at amortised cost), changes in the future
               keuangan yang diukur pada biaya perolehan                          contractual cash flows of those financial
               diamortisasi), perubahan arus kas kontraktual                      instruments occurs as a result of interest rate
               masa depan dari instrumen keuangan                                 reform (change in the contractual benchmark
               tersebut yang terjadi akibat reformasi suku                        interest rate from the previous LIBOR interest
               bunga (perubahan suku bunga acuan                                  rate to an alternative benchmark interest rate)
               kontraktual dari sebelumnya suku bunga                             will change the effective interest rate of the
               LIBOR menjadi suku bunga acuan alternatif)                         financial instrument. The change in contractual
               akan mengubah tingkat suku bunga efektif                           cash flows does not affect the amortised cost of
               instrumen keuangan tersebut. Perubahan                             the financial instrument, and has no impact on
               arus kas kontraktual tersebut tidak                                profit or loss (practical expedient). Such
               mempengaruhi biaya perolehan diamortisasi                          practical expedient can be applied if and only if
               instrumen keuangan dimaksud, dan tidak                             the following 2 (two) requirements are met:
               berdampak pada laba atau rugi (penerapan
               praktis). Penerapan praktis tersebut dapat
               diterapkan jika dan hanya jika 2 (dua)
               persyaratan berikut terpenuhi:
               1. Perubahan arus kas kontraktual tersebut                         1.   The change in contractual cash flows is
                    diperlukan sebagai akibat langsung dari                            necessary as a direct result of the reform
                    reformasi acuan suku bunga; dan                                    of benchmark interest rates; and
               2. Suku bunga acuan alternatif pengganti                           2.   The alternative reference interest rate is
                    secara ekonomis setara (economically                               economically equivalent to the previously
                    equivalent) dengan suku bunga acuan                                used benchmark interest rate.
                    yang digunakan sebelumnya.

     d.    Prinsip-prinsip konsolidasian                                d.   Principles of consolidation

           Laporan keuangan konsolidasian meliputi laporan                   The consolidated financial statements include the
           keuangan Bank Mandiri dan Entitas Anak yang                       financial statement of Bank Mandiri and its
           mayoritas sahamnya dimiliki atau dikendalikan                     Subsidiaries in which the majority shares are owned
           oleh Bank Mandiri.                                                or controlled by Bank Mandiri.
           Pengendalian didapat ketika Bank terekspos atau                   Control is presumed to exist where the Bank is
           memiliki hak atas imbal hasil variabel dari                       exposed, or has rights, to variable returns from its
           keterlibatannya dengan Entitas Anak dan memiliki                  involvement with the Subsidiaries and has ability to
           kemampuan untuk mempengaruhi imbal hasil                          use its power to affect its returns from its
           tersebut melalui kekuasaannya atas Entitas Anak.                  involvement with the Subsidiaries.

           Bank mengendalikan Entitas Anak jika dan hanya                    The Bank controls the Subsidiaries if and only if the
           jika Bank memiliki hak berikut ini:                               Bank acquires these rights:
           a) Kekuasaan atas Entitas Anak (hak yang ada                      a) Power over the Subsidiaries (has existing rights
                saat ini yang mempengaruhi kemampuan kini                        that affect the current ability to direct the
                untuk mengarahkan aktivitas relevan yang                         relevant activities, that significantly affect the
                secara signifikan mempengaruhi imbal hasil                       Subsidiaries’ returns).
                Entitas Anak).
           b) Eksposur atau hak atas imbal hasil variabel                    b)   Exposure or rights of variable returns from its
                dari keterlibatannya dengan Entitas Anak.                         involvement with the Subsidiaries.
           c) Kemampuan             untuk      menggunakan                   c)   The ability to use its power over the
                kekuasaannya atas Entitas Anak untuk                              Subsidiaries to affect the amount of the Bank's
                mempengaruhi jumlah imbal hasil Bank.                             returns.


                                                             101
Page 1116
                                                                                         The original consolidated financial statements
                                                                                       included herein are in the Indonesian language.

            PT BANK MANDIRI (PERSERO) Tbk                                       PT BANK MANDIRI (PERSERO) Tbk
                DAN ENTITAS ANAKNYA                                                   AND ITS SUBSIDIARIES
          CATATAN ATAS LAPORAN KEUANGAN                                          NOTES TO THE CONSOLIDATED
                     KONSOLIDASIAN                                                   FINANCIAL STATEMENTS
           Tanggal 31 Desember 2025 dan untuk                                     As of 31 December 2025 and for
          Tahun Berakhir pada Tanggal Tersebut                                       for the Year Then Ended
             (Disajikan dalam jutaan Rupiah,                                     (Expressed in millions of Rupiah,
                 kecuali dinyatakan lain)                                            unless otherwise stated)

2.   INFORMASI KEBIJAKAN AKUNTANSI MATERIAL                        2.   MATERIAL ACCOUNTING POLICY INFORMATION
     (lanjutan)                                                         (continued)

     d.    Prinsip-prinsip konsolidasian (lanjutan)                     d.   Principles of consolidation (continued)

           Pada laporan keuangan konsolidasian Bank                          In the consolidated financial statements of Bank
           Mandiri, semua saldo dan transaksi yang                           Mandiri, all significant inter-company balances and
           signifikan antar perusahaan yang dikonsolidasi                    transactions have been eliminated. The non-
           telah dieliminasi. Kepentingan non-pengendali                     controlling interest net income of Subsidiaries is
           atas laba bersih Entitas Anak disajikan sebagai                   presented as a deduction to consolidated net
           pengurang dari laba bersih konsolidasian untuk                    income in order to present the Bank’s income. Non-
           mendapatkan jumlah laba yang menjadi hak                          controlling interest in net assets is presented as part
           pemilik entitas Bank. Kepentingan non-pengendali                  of equity in the consolidated statement of financial
           dalam aset bersih disajikan sebagai bagian dari                   position, except for non-controlling interest from
           ekuitas kecuali kepentingan non-pengendali yang                   mutual fund consolidation is presented as part of
           berasal dari konsolidasi atas reksa dana disajikan                liabilities in the consolidated statement of financial
           sebagai bagian dari liabilitas dalam laporan posisi               position.
           keuangan konsolidasian.

           Laporan keuangan konsolidasian disusun dengan                     The consolidated financial statements are prepared
           menggunakan kebijakan akuntansi yang sama                         using a consistent accounting policy for transactions
           untuk peristiwa dan transaksi sejenis dalam                       and events in similar circumstances. The
           kondisi yang sama. Kebijakan akuntansi yang                       accounting policies adopted in preparing the
           digunakan dalam laporan keuangan konsolidasian                    consolidated financial statements have been
           telah diterapkan secara konsisten oleh Entitas                    consistently applied by the Subsidiaries, unless
           Anak, kecuali bila dinyatakan lain.                               otherwise stated.

           Bila pengendalian atas suatu entitas diperoleh                    If the control on an entity is obtained or ends in the
           atau berakhir dalam tahun berjalan, hasil usaha                   current year, the entity’s net income is included in
           entitas tersebut dimasukkan dalam laporan laba                    the consolidated statement of profit or loss and other
           rugi dan penghasilan komprehensif lain                            comprehensive income from the date of acquisition
           konsolidasian sejak tanggal pengendalian dimulai                  of the control or until the date the control ceased.
           atau sampai dengan tanggal pengendalian
           berakhir.

           Transaksi kombinasi bisnis entitas sepengendali,                  Business combination transaction amongst entities
           berupa pengalihan bisnis yang dilakukan dalam                     under common control, in the form of transfer of
           rangka reorganisasi entitas-entitas yang berada                   business conducted for the reorganisation of entities
           dalam suatu kelompok usaha yang sama, bukan                       under common control, does not represent a
           merupakan perubahan kepemilikan dalam arti                        change of ownership in terms of economic
           substansi ekonomi, sehingga transaksi tersebut                    substance, therefore, there shall be no gain or loss
           tidak dapat menimbulkan laba atau rugi bagi                       recognised by the group as a whole and by
           kelompok usaha secara keseluruhan ataupun bagi                    individual entities within the group.
           entitas individual dalam kelompok usaha tersebut.

           Oleh karena transaksi kombinasi bisnis entitas                    Since the business combination transaction
           sepengendali tidak mengakibatkan perubahan                        amongst entities under common control does not
           substansi ekonomi kepemilikan atas bisnis yang                    cause any change in the economic substance of
           dipertukarkan, maka transaksi tersebut diakui                     ownership of the transferred business, therefore the
           pada jumlah tercatat berdasarkan metode                           transaction is recognised at book value using the
           penyatuan kepemilikan.                                            pooling interest method.

           Perubahan dalam bagian kepemilikan Bank pada                      Changes in the Bank’s ownership interest in
           Entitas Anak yang tidak mengakibatkan hilangnya                   Subsidiaries that do not result in a loss of control are
           pengendalian dicatat sebagai transaksi ekuitas,                   accounted for as an equity transaction, in this case
           dalam hal ini transaksi dengan pemilik dalam                      a transaction with owners in their capacity as
           kapasitasnya sebagai pemilik. Setiap perbedaan                    owners. Any difference between the amount of the
           antara jumlah kepentingan nonpengendali                           adjusted non-controlling interest and the fair value
           disesuaikan dan nilai wajar imbalan yang                          of the consideration paid or received shall be
           diberikan atau diterima diakui secara langsung                    recognised directly in equity and attributable to the
           dalam ekuitas dan diatribusikan pada pemilik                      owners of the Parent Entity.
           Entitas Induk.


                                                             102
Page 1117
                                                                                         The original consolidated financial statements
                                                                                       included herein are in the Indonesian language.

            PT BANK MANDIRI (PERSERO) Tbk                                       PT BANK MANDIRI (PERSERO) Tbk
                DAN ENTITAS ANAKNYA                                                   AND ITS SUBSIDIARIES
          CATATAN ATAS LAPORAN KEUANGAN                                          NOTES TO THE CONSOLIDATED
                     KONSOLIDASIAN                                                   FINANCIAL STATEMENTS
           Tanggal 31 Desember 2025 dan untuk                                     As of 31 December 2025 and for
          Tahun Berakhir pada Tanggal Tersebut                                       for the Year Then Ended
             (Disajikan dalam jutaan Rupiah,                                     (Expressed in millions of Rupiah,
                 kecuali dinyatakan lain)                                            unless otherwise stated)

2.   INFORMASI KEBIJAKAN AKUNTANSI MATERIAL                        2.   MATERIAL ACCOUNTING POLICY INFORMATION
     (lanjutan)                                                         (continued)

     d.    Prinsip-prinsip konsolidasian (lanjutan)                     d.   Principles of consolidation (continued)

           Entitas yang menerima/melepas bisnis, dalam                       The entity that accepts/releases a business in a
           kombinasi/pelepasan bisnis entitas sepengendali,                  combination/separation of business amongst
           mengakui selisih antara jumlah imbalan yang                       entities under common control, shall recognise the
           dialihkan/diterima dan jumlah tercatat dari setiap                difference between benefits being transferred or
           transaksi kombinasi bisnis sebagai komponen                       received and the recorded amount of every
           ekuitas dan menyajikannya dalam pos tambahan                      business combination transaction as equity and
           modal disetor/agio saham.                                         present it under additional paid-in capital/share
                                                                             premium.

           Berdasarkan PSAK 338, unsur-unsur laporan                         Based on SFAS 338, the elements of the financial
           keuangan dari entitas yang bergabung, untuk                       statements of the merged entities, for the period in
           periode terjadinya kombinasi bisnis entitas                       which the business combination merged entities
           sepengendali dan untuk periode komparatif sajian,                 under common control occurred and for the
           disajikan   sedemikian      rupa   seolah-olah                    comparative period presented, are presented in
           penggabungan tersebut telah terjadi sejak awal                    such a way as if the combination had occurred since
           periode   entitas   yang    bergabung     dalam                   the beginning of the period when the entities were
           sepengendalian.                                                   under common control.

     e.    Transaksi dan saldo dalam mata uang asing                    e.   Foreign currency transactions and balances

           Entitas Anak dan kantor cabang luar negeri                        Subsidiaries and overseas branches

           Bank    Mandiri   menyelenggarakan         catatan                Bank Mandiri maintains its accounting records in
           akuntansinya dalam mata uang Rupiah.                              Indonesian Rupiah.

           Bank     Mandiri   menyelenggarakan        catatan                Bank Mandiri maintains its accounting records in
           akuntansinya dalam mata uang Rupiah. Untuk                        Indonesian Rupiah. For consolidation purposes, the
           tujuan konsolidasian, laporan keuangan dalam                      financial statement of the overseas branches and
           mata uang asing milik cabang dan Entitas Anak                     overseas Subsidiaries of Bank Mandiri denominated
           luar negeri Bank Mandiri dijabarkan ke dalam mata                 in foreign currencies are translated into Rupiah
           uang Rupiah dengan dasar kurs Reuters untuk                       using the Reuters exchange rate for exchange rates
           kurs sebelum 17 Oktober 2022 dan kurs Refinitiv                   before 17 October 2022 and the Refinitiv Eikon
           Eikon untuk kurs setelah 17 Oktober 2022 sebagai                  exchange rate for exchange rates after 17 October
           berikut:                                                          2022 as follows:

           (1) Aset dan liabilitas, komitmen dan kontinjensi -                (1) Assets and liabilities, commitments and
               menggunakan kurs spot pada tanggal laporan                         contingencies - using the spot rates at the
               posisi keuangan konsolidasian.                                     consolidated statement of financial position
                                                                                  date.
           (2) Pendapatan, beban, laba dan rugi -                             (2) Revenues, expenses, income and losses -
               menggunakan kurs tengah rata-rata yang                             using the average middle rates during each
               berlaku pada bulan terjadinya transaksi.                           month when the transaction occurs.
           (3) Akun ekuitas - menggunakan kurs historis                       (3) Shareholders’ equity accounts - using historical
               pada tanggal transaksi.                                            rates on the date of transaction.
           (4) Laporan arus kas - menggunakan kurs spot                      (4) Statement of cash flows - using the spot rates
               pada tanggal laporan posisi keuangan                               at the reporting date, except for profit and loss
               konsolidasian, kecuali akun-akun laba rugi                         statement balances which are translated using
               menggunakan kurs tengah rata-rata dan                              the average middle rates and shareholders’
               unsur-unsur ekuitas menggunakan kurs                               equity balances which are translated using
               historis.                                                          historical rates.

           Selisih yang timbul dari proses penjabaran laporan                The differences arising from the translation
           keuangan tersebut disajikan sebagai “Selisih kurs                 adjustment are presented as “Differences arising
           karena penjabaran laporan keuangan dalam mata                     from the translation of financial statements in foreign
           uang asing” pada kelompok ekuitas dalam laporan                   currencies” under the shareholders’ equity section
           posisi keuangan konsolidasian.                                    in the consolidated statement of financial position.




                                                             103
Page 1118
                                                                                        The original consolidated financial statements
                                                                                      included herein are in the Indonesian language.

            PT BANK MANDIRI (PERSERO) Tbk                                      PT BANK MANDIRI (PERSERO) Tbk
                DAN ENTITAS ANAKNYA                                                  AND ITS SUBSIDIARIES
          CATATAN ATAS LAPORAN KEUANGAN                                         NOTES TO THE CONSOLIDATED
                     KONSOLIDASIAN                                                  FINANCIAL STATEMENTS
           Tanggal 31 Desember 2025 dan untuk                                    As of 31 December 2025 and for
          Tahun Berakhir pada Tanggal Tersebut                                      for the Year Then Ended
             (Disajikan dalam jutaan Rupiah,                                    (Expressed in millions of Rupiah,
                 kecuali dinyatakan lain)                                           unless otherwise stated)

2.   INFORMASI KEBIJAKAN AKUNTANSI MATERIAL                      2.    MATERIAL ACCOUNTING POLICY INFORMATION
     (lanjutan)                                                        (continued)

     e.    Transaksi dan saldo dalam mata uang asing                   e.   Foreign currency transactions and balances
           (lanjutan)                                                       (continued)

           Transaksi dan saldo dalam mata uang asing                        Transactions and balances in foreign currencies

           Transaksi dalam mata uang asing dicatat ke                       Transactions in foreign currencies are recorded in
           dalam Rupiah menggunakan kurs pada saat                          Rupiah using rates on the date of the transactions.
           terjadinya transaksi. Pada tanggal laporan posisi                At the consolidated statement of financial position
           keuangan konsolidasian, semua aset dan liabilitas                date, all foreign currencies monetary assets and
           moneter dalam mata uang asing dijabarkan ke                      liabilities are translated into Rupiah using the
           dalam mata uang Rupiah dengan menggunakan                        Revinitif Eikon spot rates at 3.00 p.m. WIB (Western
           kurs spot Revinitif Eikon pada pukul 15.00 WIB                   Indonesian Time) on 31 December 2025 and 2024.
           untuk tanggal 31 Desember 2025 dan 2024.                         The resulting gains or losses are credited or
           Keuntungan atau         kerugian yang      timbul                charged to the current year’s consolidated
           dibebankan pada laporan laba rugi dan                            statement of profit or loss and other comprehensive
           penghasilan komprehensif lain konsolidasian                      income.
           tahun berjalan.

           Kurs yang digunakan untuk menjabarkan mata                       The exchange rates used against the Rupiah at the
           uang asing ke dalam Rupiah pada tanggal laporan                  dates of the consolidated statements of financial
           posisi keuangan konsolidasian adalah sebagai                     position are as follows (amounts in full amount of
           berikut (Rupiah penuh):                                          Rupiah):

                                             31 Desember 2025/        31 Desember 2024/
                                             31 December 2025         31 December 2024

           1 Pound Sterling Inggris                     22.439,55               20.218,54            Great Britain Pound Sterling 1
           1 Euro Eropa                                 19.571,45               16.758,12                         European Euro 1
           1 Dolar Amerika Serikat                      16.675,00               16.095,00                   United States Dollar 1
           100 Yen Jepang                               10.650,00               10.303,00                        Japanese Yen 100
           1 Dolar Australia                            11.152,24               10.013,51                        Australian Dollar 1
           1 Dolar Hong Kong                             2.142,30                2.073,11                       Hong Kong Dollar 1
           1 Yuan China                                  2.384,72                2.204,99                           Chinese Yuan 1
           1 Dolar Singapura                            12.965,05               11.844,58                        Singapore Dollar 1

           Mata uang asing lainnya yang tidak diungkapkan                   Other foreign currencies that are not disclosed as
           di atas tidak dianggap signifikan dalam                          above is considered not material in the translation
           penjabaran transaksi dalam mata uang asing                       of transaction in foreign currencies of the Bank
           Bank Mandiri dan Entitas Anak.                                   Mandiri and Subsidiaries.

     f.    Transaksi dengan pihak-pihak berelasi                       f.   Transactions with related parties

           Bank Mandiri dan Entitas Anak melakukan                          The Bank and Subsidiaries enter into transactions
           transaksi dengan pihak-pihak berelasi seperti                    with parties which are defined as related parties in
           yang     didefinisikan     dalam   PSAK     224                  accordance with SFAS 224 “Related Party
           “Pengungkapan Pihak-pihak Berelasi” dan                          Disclosures” and capital market regulation No.
           peraturan regulator pasar modal yaitu Peraturan                  VIII.G.7     regarding    Financial     Statements
           No.     VIII.G.7     tentang    Penyajian   dan                  Presentation and Disclosure for Issuer or Public
           Pengungkapan Laporan Keuangan Emiten atau                        Companies.
           Perusahaan Publik.




                                                           104
Page 1119
                                                                                             The original consolidated financial statements
                                                                                           included herein are in the Indonesian language.

            PT BANK MANDIRI (PERSERO) Tbk                                            PT BANK MANDIRI (PERSERO) Tbk
                DAN ENTITAS ANAKNYA                                                        AND ITS SUBSIDIARIES
          CATATAN ATAS LAPORAN KEUANGAN                                               NOTES TO THE CONSOLIDATED
                     KONSOLIDASIAN                                                        FINANCIAL STATEMENTS
           Tanggal 31 Desember 2025 dan untuk                                          As of 31 December 2025 and for
          Tahun Berakhir pada Tanggal Tersebut                                            for the Year Then Ended
             (Disajikan dalam jutaan Rupiah,                                          (Expressed in millions of Rupiah,
                 kecuali dinyatakan lain)                                                 unless otherwise stated)

2.   INFORMASI KEBIJAKAN AKUNTANSI MATERIAL                           2.   MATERIAL ACCOUNTING POLICY INFORMATION
     (lanjutan)                                                            (continued)

     f.    Transaksi      dengan      pihak-pihak      berelasi            f.   Transactions with related parties (continued)
           (lanjutan)

           Pihak berelasi adalah orang atau entitas yang                        A related party is a person or entity that is related to
           terkait dengan entitas yang menyiapkan laporan                       the entity that prepares its financial statements
           keuangannya (entitas pelapor). Yang termasuk                         (reporting entity). The related parties are as follows:
           pihak berelasi adalah sebagai berikut:
           1) Orang yang:                                                       1)   A person who:
                a) Memiliki          pengendalian         atau                       a) Has control or joint control over the
                     pengendalian bersama atas entitas                                   reporting entity;
                     pelapor;
                b) Memiliki pengaruh signifikan atas entitas                         b)    Has significant influence over the reporting
                     pelapor; atau                                                         entity; or
                c) Merupakan personil manajemen kunci                                c)    The key management personnel of the
                     entitas pelapor atau entitas induk entitas                            reporting entity or the parent of the
                     pelapor.                                                              reporting entity.

           2)   Suatu entitas berelasi dengan entitas pelapor                   2)   An entity is related to a reporting entity if any of
                jika memenuhi salah satu hal sebagai berikut:                        the following are met:
                a) Entitas dan entitas pelapor adalah                                 a) The entity and the reporting entity are
                     anggota dari kelompok usaha yang                                     members of the same group;
                     sama;
                b) Suatu entitas adalah entitas asosiasi atau                         b)   An entity is an associate or joint venture of
                     ventura bersama dari entitas lain;                                    the other entity;
                c) Kedua entitas tersebut adalah ventura                              c)   Both entities are joint ventures from the
                     bersama dari pihak ketiga yang sama;                                  same third party;
                d) Suatu entitas adalah ventura bersama                               d)   An entity is a joint venture of a third entity
                     dari entitas ketiga dan entitas yang lain                             and the other entity is an associate of the
                     adalah entitas asosiasi dari entitas ketiga;                          third entity;
                e) Entitas tersebut adalah suatu program                              e)   The entity is a post-employment benefit
                     imbalan pasca kerja untuk imbalan kerja                               plan for the benefits of employees either
                     dari salah satu entitas pelapor atau                                  from the reporting entity or an entity
                     entitas yang terkait dengan entitas                                   related to the reporting entity;
                     pelapor;
                f) Entitas       yang     dikendalikan      atau                      f)   The entity is controlled or jointly controlled
                     dikendalikan bersama oleh orang yang                                  by a person identified as referred to in
                     diidentifikasi sebagaimana dimaksud                                   point 1); or
                     dalam angka 1); atau
                g) Orang yang diidentifikasi sebagaimana                              g)   A person identified as referred to point 1)
                     dimaksud dalam angka 1) huruf a)                                      letter a) has significant influence over the
                     memiliki pengaruh signifikan atas entitas                             entity or the entity's key management
                     atau merupakan personil manajemen                                     personnel;
                     kunci entitas;
                h) Entitas yang dikendalikan, dikendalikan                            h)   The entity is controlled, jointly controlled or
                     bersama atau dipengaruhi secara                                       significantly     influenced        by      the
                     signifikan oleh Pemerintah yaitu Menteri                              Government, which is the Minister of
                     Keuangan atau Pemerintah Daerah yang                                  Finance or the local governments which is
                     merupakan pemegang saham dari                                         the shareholder of the entity.
                     entitas.




                                                                105
Page 1120
                                                                                                The original consolidated financial statements
                                                                                              included herein are in the Indonesian language.

                PT BANK MANDIRI (PERSERO) Tbk                                           PT BANK MANDIRI (PERSERO) Tbk
                    DAN ENTITAS ANAKNYA                                                       AND ITS SUBSIDIARIES
              CATATAN ATAS LAPORAN KEUANGAN                                              NOTES TO THE CONSOLIDATED
                         KONSOLIDASIAN                                                       FINANCIAL STATEMENTS
               Tanggal 31 Desember 2025 dan untuk                                         As of 31 December 2025 and for
              Tahun Berakhir pada Tanggal Tersebut                                           for the Year Then Ended
                 (Disajikan dalam jutaan Rupiah,                                         (Expressed in millions of Rupiah,
                     kecuali dinyatakan lain)                                                unless otherwise stated)

    2.   INFORMASI KEBIJAKAN AKUNTANSI MATERIAL                          2.   MATERIAL ACCOUNTING POLICY INFORMATION
         (lanjutan)                                                           (continued)

         f.    Transaksi      dengan      pihak-pihak     berelasi            f.   Transactions with related parties (continued)
               (lanjutan)

               Pihak berelasi adalah orang atau entitas yang                       A related party is a person or entity that is related to
               terkait dengan entitas yang menyiapkan laporan                      the entity that prepares its financial statements
               keuangannya (entitas pelapor). Yang termasuk                        (reporting entity). The related parties are as follows:
               pihak berelasi adalah sebagai berikut: (lanjutan)                   (continued)

               3)   Pihak yang bukan merupakan pihak berelasi                      3)   Parties which are not related parties are as
                    adalah sebagai berikut:                                             follows:
                    a) Dua entitas hanya karena mereka                                   a) Two entities simply because they have the
                        memiliki     direktur     atau      personil                         same director or key management
                        manajemen kunci yang sama atau                                       personnel       or   because      the    key
                        karena personil manajemen kunci dari                                 management personnel of one entity have
                        satu entitas mempunyai pengaruh                                      significant influence over the other entity;
                        signifikan atas entitas lain;
                    b) Dua venturer hanya karena mereka                                  b)   Two joint venturers simply because they
                        mengendalikan bersama atas ventura                                    share joint control of a joint venture;
                        bersama;
                    c) Penyandang dana, serikat dagang,                                  c)   Fund providers, trade unions, public
                        entitas     pelayanan       publik,      dan                          service, and ministries and agencies of
                        departemen dan instansi pemerintah                                    government that does not control, jointly
                        yang         tidak         mengendalikan,                             control or have significant influence over
                        mengendalikan bersama atau memiliki                                   the reporting entity, solely in the execution
                        pengaruh signifikan atas entitas pelapor,                             of normal business with the entity;
                        semata-mata dalam pelaksanaan urusan
                        normal dengan entitas;
                    d) Pelanggan, pemasok, pemegang hak                                  d)   Customers,       suppliers,   franchisors,
                        waralaba, distributor atau agen umum                                  distributors or general agents with whom
                        dengan siapa entitas mengadakan                                       an entity enter, into transactions with
                        transaksi     usaha     dengan       volume                           significant volumes of business solely
                        signifikan,     semata-mata          karena                           because of economic dependence due to
                        ketergantungan        ekonomis         yang                           circumstances.
                        diakibatkan oleh keadaan.

               Semua transaksi signifikan dengan pihak-pihak                       All significant transactions with related parties have
               berelasi, telah diungkapkan pada Catatan 56.                        been disclosed in Note 56.

         g.    Kas dan setara kas                                             g.   Cash and cash equivalents

               Kas (terutama terdiri dari kas di khasanah dan kas                  Cash (mainly consists of cash in vault and cash in
               di ATM) dan setara kas mencakup kas, giro pada                      ATMs) and cash equivalents consist of cash,
               Bank Indonesia, giro pada bank lain dan investasi                   current accounts with Bank Indonesia, current
               jangka pendek likuid lainnya dengan jangka waktu                    accounts with other banks and other short term
               jatuh tempo 3 (tiga) bulan atau kurang sejak                        liquid investments with original maturities of 3
               tanggal perolehan.                                                  (three) months or less since the date of acquisition.

         h.    Giro pada Bank Indonesia dan bank lain                         h.   Current accounts with Bank Indonesia and other
                                                                                   banks

               Giro pada Bank Indonesia dan Bank lain                              Current accounts with Bank Indonesia and other
               diklasifikasikan   sebagai   biaya     perolehan                    banks are classified as amortised cost. Refer to
               diamortisasi. Lihat Catatan 2c untuk kebijakan                      Note 2c for the accounting policy of amortised cost.
               akuntansi atas biaya perolehan diamortisasi.




l




                                                                   106
Page 1121
                                                                                    The original consolidated financial statements
                                                                                  included herein are in the Indonesian language.

            PT BANK MANDIRI (PERSERO) Tbk                                   PT BANK MANDIRI (PERSERO) Tbk
                DAN ENTITAS ANAKNYA                                               AND ITS SUBSIDIARIES
          CATATAN ATAS LAPORAN KEUANGAN                                      NOTES TO THE CONSOLIDATED
                     KONSOLIDASIAN                                               FINANCIAL STATEMENTS
           Tanggal 31 Desember 2025 dan untuk                                 As of 31 December 2025 and for
          Tahun Berakhir pada Tanggal Tersebut                                   for the Year Then Ended
             (Disajikan dalam jutaan Rupiah,                                 (Expressed in millions of Rupiah,
                 kecuali dinyatakan lain)                                        unless otherwise stated)

2.   INFORMASI KEBIJAKAN AKUNTANSI MATERIAL                    2.   MATERIAL ACCOUNTING POLICY INFORMATION
     (lanjutan)                                                     (continued)

     h.    Giro pada Bank Indonesia dan bank lain                   h.   Current accounts with Bank Indonesia and other
           (lanjutan)                                                    banks (continued)

           Giro Wajib Minimum                                            The Minimum Statutory Reserve

           Pemenuhan Giro Wajib Minimum (“GWM”)                          Fulfillment of the Minimum Statutory Reserves
           mengacu pada Peraturan Bank Indonesia (PBI)                   (“GWM”) refers to Bank Indonesia Regulation (PBI)
           No. 11 Tahun 2024 tanggal 31 Desember 2024                    No. 11 of 2024 dated 31 December 2024,
           tentang Pengendalian Moneter yang mencabut                    concerning Monetary Control, which repeals PBI
           PBI No.20/3/PBI/2018 tanggal tanggal 29 Maret                 No. 20/3/PBI/2018 dated 29 March 2018 concerning
           2018 tentang Giro Wajib Minimum dalam Rupiah                  Statutory Reserves in Rupiah and Foreign
           dan Valuta Asing Bagi Bank Umum Konvensional,                 Exchange for Conventional Commercial Banks,
           Bank Umum Syariah, dan Unit Usaha Syariah                     Sharia Commercial Banks, and Sharia Business
           beserta ketentuan perubahannya.                               Units along with its amendments.

           PBI tersebut dijelaskan lebih lanjut melalui                  The provided text elaborates on the regulation
           Peraturan Anggota Dewan Gubernur (PADG)                       through the Board of Governors' Regulation (PADG)
           No. 24/8/PADG/2022 tanggal 30 Juni 2022                       No. 24/8/PADG/2022 dated 30 June 2022,
           tentang Peraturan Pelaksanaan Pemenuhan Giro                  concerning the Implementation Regulation for
           Wajib Minimum dalam Rupiah dan Valuta Asing                   Meeting the Minimum Mandatory Reserve in Rupiah
           bagi Bank Umum Konvensional, Bank Umum                        and Foreign Currency for Conventional Commercial
           Syariah, dan Unit Usaha Syariah sebagaimana                   Banks, Sharia Commercial Banks, and Sharia
           telah diubah sebanyak 4 (empat) kali melalui                  Business Units, as amended 4 (four) times through
           PADG No. 2 tahun 2023 tanggal 24 Maret 2023,                  PADG No. 2 year 2023 dated 24 March 2023,
           PADG No. 12 tahun 2023 tanggal 27 September                   PADG No. 12 year 2023 dated 27 September 2023,
           2023, PADG No. 8 tahun 2025 tanggal 27 Maret                  PADG No. 8 year 2025 dated 27 March 2025 and
           2025, dan PADG No. 31 tahun 2025 tanggal                      PADG No. 31 year 2025 dated 23 December 2025.
           23 Desember 2025.

           PADG baru tersebut mengatur bahwa pemenuhan                   The new PADG regulates that the fulfillment of
           GWM dalam Rupiah Bank Umum Konvensional                       Minimum Statutory Reserves in Rupiah for
           (BUK) ditetapkan sebagai berikut:                             Conventional Commercial Banks (BUK) is
                                                                         determined as follows:
           a.   Secara harian sebesar 0% (nol persen); dan               a. On a daily basis of 0% (zero percent); and
           b.   Secara rata-rata untuk:                                  b. On average for:
                1) Periode 1 Juli 2022 sampai dengan                        1) Period 1 July 2022 to 31 August 2022 of
                   31 Agustus 2022 sebesar 7,5% (tujuh                          7.5% (seven point five percent); and
                   koma lima persen); dan
                2) Periode 1 September 2022 dan                            2)    Period 1 September 2022 onwards of 9%
                   seterusnya sebesar 9% (sembilan                               (nine percent).
                   persen).

           GWM dalam Rupiah untuk Entitas Anak yang                      GWM in Rupiah for Subsidiaries that carry out
           menjalankan kegiatan usaha dengan prinsip                     business activities with sharia principles must be
           syariah wajib dipenuhi sebesar:                               met as follows:
           a. Secara harian sebesar 0% (nol persen); dan                 a. On a daily basis of 0% (zero percent); and
           b. Secara rata-rata untuk:                                    b. On average for:
               1) Periode 1 Juli 2022 sampai dengan                         1) Period 1 July 2022 to 31 August 2022 of 6%
                    31 Agustus 2022 sebesar 6% (enam                             (six percent); and
                    persen); dan
               2) Periode 1 September 2022 dan                              2)   Period 1 September 2022 onwards of 7.5%
                    seterusnya sebesar 7,5% (tujuh koma                          (seven point five percent).
                    lima persen).




                                                         107
Page 1122
                                                                                       The original consolidated financial statements
                                                                                     included herein are in the Indonesian language.

            PT BANK MANDIRI (PERSERO) Tbk                                     PT BANK MANDIRI (PERSERO) Tbk
                DAN ENTITAS ANAKNYA                                                 AND ITS SUBSIDIARIES
          CATATAN ATAS LAPORAN KEUANGAN                                        NOTES TO THE CONSOLIDATED
                     KONSOLIDASIAN                                                 FINANCIAL STATEMENTS
           Tanggal 31 Desember 2025 dan untuk                                   As of 31 December 2025 and for
          Tahun Berakhir pada Tanggal Tersebut                                     for the Year Then Ended
             (Disajikan dalam jutaan Rupiah,                                   (Expressed in millions of Rupiah,
                 kecuali dinyatakan lain)                                          unless otherwise stated)

2.   INFORMASI KEBIJAKAN AKUNTANSI MATERIAL                      2.   MATERIAL ACCOUNTING POLICY INFORMATION
     (lanjutan)                                                       (continued)

     h.    Giro pada Bank Indonesia dan bank lain                     h.   Current accounts with Bank Indonesia and other
           (lanjutan)                                                      banks (continued)

           Giro Wajib Minimum (lanjutan)                                   The Minimum Statutory Reserve (continued)

           Selain itu, Bank Indonesia melakukan penguatan                  In addition, Bank Indonesia has strengthened
           kebijakan untuk mendorong pertumbuhan                           policies to encourage economic growth through the
           ekonomi melalui ketentuan insentif GWM dalam                    provision of GWM incentives in Rupiah, outlined in
           Rupiah yang dituangkan dalam PBI No. 9 tahun                    PBI No. 9 year 2025 dated 26 November 2025, on
           2025 tanggal 26 November 2025 tentang                           the Macroprudential Liquidity Incentive Policy, as
           Kebijakan Insentif Likuiditas Makroprudensial                   further regulated by PBI No. 11 year 2023 dated
           yang mencabut PBI No. 11 tahun 2023 tanggal                     18 September 2023, on the Implementing
           18 September 2023 tentang Kebijakan Insentif                    Regulation of the Macroprudential Liquidity
           Likuiditas Makroprudensial, sebagaimana diatur                  Incentive Policy, which has been further provided
           lebih lanjut melalui PADG No. 27 tahun 2025                     through PADG No. 27 year 2025 dated 1 December
           tanggal 1 Desember 2025 tentang Peraturan                       2025 Concerning the Implementing Regulation of
           Pelaksanaan Kebijakan Insentif Likuiditas                       the Macroprudential Liquidity Incentive Policy.
           Makroprudensial.

           Bank Indonesia memberikan Kebijakan Insentif                    Bank Indonesia provides the Macroprudential
           Likuiditas Makroprudensial (KLM) GWM dalam                      Liquidity Incentive (KLM) in the form of Rupiah
           Rupiah kepada Bank yang melaksanakan: (a)                       Reserve Requirements to Banks that implement: (a)
           penyaluran kredit atau pembiayaan kepada sektor                 credit extension or financing to specific sectors
           tertentu yang ditetapkan oleh Bank Indonesia; (b)               determined by Bank Indonesia; (b) the
           penetapan suku bunga kredit atau persentase                     determination of lending interest rates or financing
           imbalan pembiayaan yang sejalan dengan arah                     return rates consistent with the policy direction of
           kebijakan Bank Indonesia; dan/atau       (c) hal                Bank Indonesia; and/or (c) other matters as
           lainnya yang ditetapkan oleh Bank Indonesia.                    determined by Bank Indonesia.

           Adapun berdasarkan PADG No. 27 tahun 2025                       Based on PADG No. 27 year 2025 dated
           tanggal 1 Desember 2025 tentang Peraturan                       1 December 2025 concerning the Implementing
           Pelaksanaan Kebijakan Insentif Likuiditas                       Regulation of the Macroprudential Liquidity Incentive
           Makroprudensial serta surat Bank Indonesia                      Policy     and      Bank      Indonesia        Letter
           nomor 27/250/DKMP/Srt/B tanggal 12 Desember                     No. 27/250/DKMP/Srt/B dated 12 December 2025
           2025 perihal Informasi Perubahan Besaran                        regarding information on changes to the
           Kebijakan Insentif Likuiditas Makroprudensial                   Macroprudential Liquidity Incentive (KLM) and the
           (KLM) serta Informasi Pemberian KLM dan                         granting and amount of KLM for the period of
           Besaran KLM Periode 16 sampai dengan                            16 to 31 December 2025, the maximum
           31    Desember     2025,     besaran  insentif                  macroprudential incentive is 5.5% (five point five
           makroprudensial paling besar adalah sebesar                     percent).
           5,5% (lima koma lima persen).

           Penyangga Likuiditas Makroprudensial                            Macroprudential Liquidity Buffer

           Penyangga        Likuiditas    Makroprudensial,                 Macroprudential Liquidity Buffer, will be mentioned
           selanjutnya disebut PLM, adalah cadangan                        as MLB is a minimum statutory reserve which
           likuiditas minimum dalam Rupiah yang wajib                      should be maintained in Rupiah by Conventional
           dipelihara oleh BUK dalam bentuk surat berharga                 Commercial Bank in the form of securities that met
           yang memenuhi persyaratan tertentu, yang                        certain requirements and the amount will be
           besarnya ditetapkan oleh Bank Indonesia sebesar                 determined by Bank Indonesia in certain
           persentase tertentu dari DPK BUK dalam Rupiah.                  percentage of Conventional Commercial Bank Third
           Sedangkan bagi Bank Umum Syariah (BUS),                         Party Fund in Rupiah. For Sharia Conventional
           Penyangga Likuiditas Makroprudensial Syariah                    Bank Macroprudential Liquidity buffer (MLB Sharia)
           (PLM Syariah) adalah cadangan likuiditas                        is minimum statutory reserve which should be
           minimum dalam Rupiah yang wajib dipelihara oleh                 maintained by Sharia Commercial Bank in the form
           BUS dalam bentuk surat berharga syariah yang                    of sharia securities that met certain requirements
           memenuhi persyaratan tertentu, yang besarnya                    and the amount will be determined by Bank
           ditetapkan oleh Bank Indonesia sebesar                          Indonesia in certain percentage of sharia
           persentase tertentu dari DPK BUS dalam Rupiah.                  commercial bank’s Third Party Funds in Rupiah.

                                                           108
Page 1123
                                                                                         The original consolidated financial statements
                                                                                       included herein are in the Indonesian language.

            PT BANK MANDIRI (PERSERO) Tbk                                       PT BANK MANDIRI (PERSERO) Tbk
                DAN ENTITAS ANAKNYA                                                   AND ITS SUBSIDIARIES
          CATATAN ATAS LAPORAN KEUANGAN                                          NOTES TO THE CONSOLIDATED
                     KONSOLIDASIAN                                                   FINANCIAL STATEMENTS
           Tanggal 31 Desember 2025 dan untuk                                     As of 31 December 2025 and for
          Tahun Berakhir pada Tanggal Tersebut                                       for the Year Then Ended
             (Disajikan dalam jutaan Rupiah,                                     (Expressed in millions of Rupiah,
                 kecuali dinyatakan lain)                                            unless otherwise stated)

2.   INFORMASI KEBIJAKAN AKUNTANSI MATERIAL                        2.   MATERIAL ACCOUNTING POLICY INFORMATION
     (lanjutan)                                                         (continued)

     h.    Giro pada Bank Indonesia dan bank lain                       h.   Current accounts with Bank Indonesia and other
           (lanjutan)                                                        banks (continued)

           Penyangga Likuiditas Makroprudensial (lanjutan)                   Macroprudential Liquidity Buffer (continued)
           Pemenuhan      PLM     mengacu      pada    PBI                   The requirement of the latest MLB refers to PBI
           No. 20/4/PBl/2018 tanggal 29 Maret 2018 tentang                   No. 20/4/PBl/2018 dated 29 March 2018 concerning
           Rasio    lntermediasi   Makroprudensial     dan                   Macroprudential    lntermediation    Ratio   and
           Penyangga Likuiditas Makroprudensial bagi Bank                    Macroprudential Liquidity Buffer for Conventional
           Umum Konvensional, Bank Umum Syariah, dan                         Commercial Bank, Sharia Commercial Banks, and
           Unit Usaha Syariah.                                               Sharia Business Units.
           Peraturan ini sebagaimana diubah terakhir                         This regulation, as last amended by Bank Indonesia
           dengan PBI No. 24/16/PBI/2022 tanggal                             Regulation (PBI) No. 24/16/PBI/2022 dated
           31 Oktober 2022 tentang Perubahan Keempat                         31 October 2022, concerns the Fourth Amendment
           Atas PBI Nomor 20/4/PBI/2018 tentang Rasio                        to PBI No. 20/4/PBI/2018 regarding the
           Intermediasi Makroprudensial Dan Penyangga                        Macroprudential Intermediation Ratio and the
           Likuiditas Makroprudensial Bagi Bank Umum                         Macroprudential Liquidity Buffer for Conventional
           Konvensional, Bank Umum Syariah, Dan Unit                         Commercial Banks, Islamic Commercial Banks, and
           Usaha Syariah. PBI tersebut dijelaskan lebih lanjut               Islamic Business Units. The aforementioned PBI is
           melalui PADG No. 23 Tahun 2025 tanggal
                                                                             further elaborated through PADG No. 23 of 2025
           20 Oktober 2025 tentang Rasio Intermediasi
                                                                             dated 20 October 2025, concerning the
           Makroprudensial Dan Penyangga Likuiditas
           Makroprudensial Bagi Bank Umum Konvesional,                       Macroprudential Intermediation Ratio and the
           Bank Umum Syariah, Dan Unit Usaha Syariah                         Macroprudential Liquidity Buffer for Conventional
           yang mencabut PADG No. 21/22/PADG/2019                            Commercial Banks, Islamic Commercial Banks, and
           tanggal 28 November 2019 tentang Rasio                            Islamic Business Units, which revokes PADG
           Intermediasi Makroprudensial Dan Penyangga                        No. 21/22/PADG/2019 dated 28 November 2019, on
           Likuiditas Makroprudensial Bagi Bank Umum                         the same subject, including all of its amendments.
           Konvensional, Bank Umum Syariah, Dan Unit                         Under this regulation, the Macroprudential Liquidity
           Usaha Syariah beserta seluruh ketentuan                           Buffer (PLM) is set at 4% (four percent) of Rupiah
           perubahannya, di mana besaran PLM ditentukan                      third-party   funds     (DPK)   for    Conventional
           sebesar 4% (empat persen) dari DPK BUK dalam                      Commercial Banks, and 2.5% (two point five
           Rupiah dan besaran PLM untuk Entitas Anak yang                    percent) of Rupiah third-party funds (DPK) for
           menjalankan kegiatan usaha dengan prinsip                         subsidiaries conducting business based on sharia
           syariah adalah sebesar 2,5% (dua koma lima                        principles.
           persen) dari DPK Entitas Anak dalam Rupiah.
           Rasio Intermediasi Makroprudensial                                Macroprudential Intermediation Ratio
           Rasio lntermediasi Makroprudensial (RIM)                          The Macroprudential Intermediation Ratio (RIM)
           dahulu disebut sebagai Loan to Funding Ratio                      was formerly known as the Loan to Funding Ratio
           (LFR). Berdasarkan PBI No. 20/4/PBl/2018                          (LFR). Based on PBI No. 20/4/PBl/2018 dated
           tanggal 29 Maret 2018 tentang Rasio lntermediasi                  29 March 2018 concerning Macroprudential
           Makroprudensial dan Penyangga Likuiditas                          Intermediation Ratio and Macroprudential Liquidity
           Makroprudensial bagi Bank Umum Konvensional,                      Buffer for Conventional Commercial Banks, Sharia
           Bank Umum Syariah, dan Unit Usaha Syariah,                        Commercial Banks and Sharia Business Units the
           penyebutan LFR berubah menjadi RIM dengan                         term LFR changes to RIM with the obligation to fulfill
           kewajiban pemenuhan Giro RIM mulai berlaku                        RIM's current account effective on 16 July 2018.
           pada tanggal 16 Juli 2018. Peraturan tersebut                     The regulation has been amended 4 (four) times to
           telah disempurnakan sebanyak 4 (empat) kali                       become      PBI    No.   21/12/PBl/2019       dated
           menjadi PBI No. 21/12/PBl/2019 tanggal                            25 November 2019, PBI No. 22/17/PBI/2020 dated
           25 November 2019, PBI No. 22/17/PBI/2020                          30 September 2020, PBI No. 23/17/PBI/2021 dated
           tanggal     30     September      2020,     PBI                   17 December 2021 and PBI No. 24/16/PBI/2022
           No. 23/17/PBI/2021 tanggal 17 Desember 2021,                      dated 31 October 2022.
           dan PBI No. 24/16/PBI/2022 tanggal 31 Oktober
           2022.




                                                             109
Page 1124
                                                                                          The original consolidated financial statements
                                                                                        included herein are in the Indonesian language.

            PT BANK MANDIRI (PERSERO) Tbk                                        PT BANK MANDIRI (PERSERO) Tbk
                DAN ENTITAS ANAKNYA                                                    AND ITS SUBSIDIARIES
          CATATAN ATAS LAPORAN KEUANGAN                                           NOTES TO THE CONSOLIDATED
                     KONSOLIDASIAN                                                    FINANCIAL STATEMENTS
           Tanggal 31 Desember 2025 dan untuk                                      As of 31 December 2025 and for
          Tahun Berakhir pada Tanggal Tersebut                                        for the Year Then Ended
             (Disajikan dalam jutaan Rupiah,                                      (Expressed in millions of Rupiah,
                 kecuali dinyatakan lain)                                             unless otherwise stated)

2.   INFORMASI KEBIJAKAN AKUNTANSI MATERIAL                       2.   MATERIAL ACCOUNTING POLICY INFORMATION
     (lanjutan)                                                        (continued)

     h.    Giro pada Bank Indonesia dan bank lain                      h.   Current accounts with Bank Indonesia and other
           (lanjutan)                                                       banks (continued)

           Rasio Intermediasi Makroprudensial (lanjutan)                    Macroprudential Intermediation Ratio (continued)

           PBI tersebut dijelaskan lebih lanjut melalui PADG                The PBI is further elaborated through Bank
           No. 23 Tahun 2025 tanggal 20 Oktober 2025                        Indonesia Circular Letter (PADG) No. 23 of 2025
           tentang Rasio Intermediasi Makroprudensial Dan                   dated 20 October 2025, concerning the
           Penyangga Likuiditas Makroprudensial Bagi Bank                   Macroprudential Intermediation Ratio and the
           Umum Konvesional, Bank Umum Syariah, Dan                         Macroprudential Liquidity Buffer for Conventional
           Unit Usaha Syariah yang mencabut PADG                            Commercial Banks, Islamic Commercial Banks, and
           No. 21/22/PADG/2019 tanggal 28 November 2019                     Islamic Business Units, which revokes PADG
           tentang Rasio Intermediasi Makroprudensial Dan                   No. 21/22/PADG/2019 dated 28 November 2019, on
           Penyangga Likuiditas Makroprudensial Bagi Bank                   the Macroprudential Intermediation Ratio and the
           Umum Konvensional, Bank Umum Syariah, Dan                        Macroprudential Liquidity Buffer for Conventional
           Unit Usaha Syariah beserta seluruh ketentuan                     Commercial Banks, Islamic Commercial Banks, and
           perubahannya.                                                    Islamic Business Units, along with all of its
                                                                            amendments.

           Berdasarkan Peraturan tersebut, RIM adalah rasio                 Based on those Regulations, RIM is the ratio of the
           hasil perbandingan antara poin a dan b di bawah                  results of the comparison of point a and b below:
           ini:
           a. 1. Kredit yang diberikan kepada pihak                         a.   1.    Loans to third party in Rupiah and foreign
                    ketiga dalam Rupiah dan valuta asing;                              currencies;

                2.   Surat berharga korporasi dalam Rupiah                       2.    Corporate marketable securities in Rupiah
                     dan valuta asing yang memenuhi                                    and foreign currencies which meet certain
                     persyaratan tertentu yang dimiliki Bank.                          requirements.

           b.   1.   DPK bank dalam bentuk giro, tabungan                   b.   1.     TPF bank in terms of current account,
                     dan simpanan berjangka/deposito dalam                              saving account and time deposits in
                     Rupiah dan Valuta asing, tidak termasuk                            rupiah and foreign currencies excluding
                     dana antarbank;                                                    interbank fund;
                2.   Surat berharga dalam Rupiah dan Valuta                       2.   Marketable securities issued by the bank
                     Asing yang memenuhi persyaratan                                   in Rupiah and Foreign Currencies which
                     tertentu, yang diterbitkan oleh Bank                              meet certain requirement which issued for
                     untuk memperoleh sumber pendanaan;                                funding;
                3.   Pinjaman yang diterima dalam Rupiah                          3.   Fund borrowing in Rupiah and foreign
                     dan valuta asing yang memenuhi                                    currencies which met certain requirements
                     persyaratan tertentu, yang diterima oleh                          that were received by BUK for funding.
                     BUK      untuk   memperoleh      sumber
                     pendanaan.

           Giro Rasio Intermediasi Makroprudensial                          Macroprudential       Intermediation     Ratio    Current
                                                                            Accounts

           Giro atas pemenuhan RIM yang selanjutnya                         Current accounts for RIM fulfillment, hereinafter
           disebut Giro RIM adalah saldo pada rekening Giro                 referred to as RIM Current Account, are the current
           Rupiah pada Bank Indonesia Real Time Gross                       accounts balance in Rupiah current accounts.
           Settlement (BI-RTGS) dan dana Bank Indonesia                     Account at Bank Indonesia Real Time Gross
           Fast Payment (BI-Fast) yang wajib dipelihara oleh                Settlement (BI-RTGS) and Bank Indonesia Fast
           Bank.                                                            Payment (BI-FAST) which must be maintained by
                                                                            the Bank.




                                                            110
Page 1125
                                                                                         The original consolidated financial statements
                                                                                       included herein are in the Indonesian language.

            PT BANK MANDIRI (PERSERO) Tbk                                        PT BANK MANDIRI (PERSERO) Tbk
                DAN ENTITAS ANAKNYA                                                    AND ITS SUBSIDIARIES
          CATATAN ATAS LAPORAN KEUANGAN                                           NOTES TO THE CONSOLIDATED
                     KONSOLIDASIAN                                                    FINANCIAL STATEMENTS
           Tanggal 31 Desember 2025 dan untuk                                      As of 31 December 2025 and for
          Tahun Berakhir pada Tanggal Tersebut                                        for the Year Then Ended
             (Disajikan dalam jutaan Rupiah,                                      (Expressed in millions of Rupiah,
                 kecuali dinyatakan lain)                                             unless otherwise stated)

2.   INFORMASI KEBIJAKAN AKUNTANSI MATERIAL                       2.   MATERIAL ACCOUNTING POLICY INFORMATION
     (lanjutan)                                                        (continued)

     h.    Giro pada Bank Indonesia dan bank lain                      h.   Current accounts with Bank Indonesia and other
           (lanjutan)                                                       banks (continued)

           Giro    Rasio    Intermediasi    Makroprudensial                 Macroprudential Intermediation          Ratio    Current
           (lanjutan)                                                       Accounts (continued)

           Dalam hal RIM berada dalam kisaran target RIM                    In the event that RIM falls within RIM's target range,
           maka Giro RIM ditetapkan sebesar 0% (nol                         RIM's Current Account is set at 0% (zero percent)
           persen) dari DPK dalam Rupiah. Sedangkan                         of TPF in Rupiah. Meanwhile, if RIM is outside the
           apabila RIM berada di luar kisaran target RIM,                   range of RIM's target, RIM's current accounts are
           maka Giro RIM ditetapkan sebesar hasil perkalian                 determined as the result of the multiplication of the
           antara Parameter Disinsentif Bawah atau                          Lower     Disincentive     Parameter      or    Upper
           Parameter Disinsentif Atas, selisih antara RIM dan               Disincentive Parameter, the difference between
           Target RIM, serta DPK dalam Rupiah.                              RIM and RIM's target, and TPF in rupiah.

           Besaran dan parameter yang digunakan dalam                       The amounts and parameters used in fulfilling RIM
           pemenuhan Giro RIM ditetapkan sebagai berikut:                   Current Account are determined as follows:
           a. Batas bawah Target RIM sebesar 84%                            a. The lower limit of RIM's Target of 84% (eighty
              (delapan puluh empat persen);                                     four percent);
           b. Batas atas Target RIM sebesar 94%                             b. The upper limit of RIM's Target of 94% (ninety
              (sembilan puluh empat persen);                                    four percent);
           c. Kewajiban Penyediaan Modal Minimum                            c. Minimum Capital Adequacy Requirement
              (KPMM) lnsentif sebesar 14% (empat belas                          (CAR) Incentive of 14% (fourteen percent);
              persen);
           d. Parameter Disinsentif Bawah ditetapkan:                       d.   The Lower Disincentive Parameters are
                                                                                 defined as follows:
               1. Sebesar 0 (nol), jika BUK memiliki rasio                       1. Amounting to 0 (zero), if the BUK has
                  kredit bermasalah secara bruto lebih                                gross non-performing loan ratio greater
                  besar dari atau sama dengan 5% (lima                                than or equal to 5% (five percent);
                  persen);
               2. Sebesar 0 (nol), jika BUK memiliki:                            2.    Amounting to 0 (zero), if the BUK has:
                  a) Rasio kredit bermasalah secara                                    a) Gross non-performing loan ratio is
                      bruto lebih kecil dari 5% (lima                                     less than 5% (five percent); and
                      persen); dan
                  b) KPMM lebih kecil dari atau sama                                   b) CAR is greater than or equal to
                      dengan KPMM lnsentif;                                               Incentive CAR;
               3. Sebesar 0,1 (nol koma satu), jika BUK                          3.    Amounting to 0.1 (zero point one), if the
                  memiliki:                                                            CCB has:
                  a) Rasio kredit bermasalah secara                                    a) Gross non-performing loan ratio is
                      bruto lebih kecil dari 5% (lima                                     less than 5% (five percent); and
                      persen); dan
                  b) KPMM lebih besar dari KPMM                                        b)   CAR is greater than incentive CAR
                      lnsentif dan lebih kecil dari atau                                    and less than or equal to 19%
                      sama dengan 19% (sembilan belas                                       (nineteen percent);
                      persen);
               4. Sebesar 0,15 (nol koma satu lima), jika                         4.   Amounting to 0.15 (zero point one five), if
                  BUK memiliki:                                                        BUK has:
                  a) Rasio kredit bermasalah secara                                    a) Gross Non-Performing Loans Ratio is
                      bruto lebih kecil dari 5% (lima                                     less than 5% (five percent); and
                      persen); dan
                  b) KPMM lebih besar dari 19%                                         b)   CAR is greater than 19% (nineteen
                      (sembilan belas persen);                                              percent);




                                                            111
Page 1126
                                                                                        The original consolidated financial statements
                                                                                      included herein are in the Indonesian language.

            PT BANK MANDIRI (PERSERO) Tbk                                       PT BANK MANDIRI (PERSERO) Tbk
                DAN ENTITAS ANAKNYA                                                   AND ITS SUBSIDIARIES
          CATATAN ATAS LAPORAN KEUANGAN                                          NOTES TO THE CONSOLIDATED
                     KONSOLIDASIAN                                                   FINANCIAL STATEMENTS
           Tanggal 31 Desember 2025 dan untuk                                     As of 31 December 2025 and for
          Tahun Berakhir pada Tanggal Tersebut                                       for the Year Then Ended
             (Disajikan dalam jutaan Rupiah,                                     (Expressed in millions of Rupiah,
                 kecuali dinyatakan lain)                                            unless otherwise stated)

2.   INFORMASI KEBIJAKAN AKUNTANSI MATERIAL                      2.   MATERIAL ACCOUNTING POLICY INFORMATION
     (lanjutan)                                                       (continued)

     h.    Giro pada Bank Indonesia dan bank lain                     h.   Current accounts with Bank Indonesia and other
           (lanjutan)                                                      banks (continued)

           Giro    Rasio     Intermediasi   Makroprudensial                Macroprudential Intermediation          Ratio    Current
           (lanjutan)                                                      Accounts (continued)

           Besaran dan parameter yang digunakan dalam                      The amounts and parameters used in fulfilling RIM
           pemenuhan Giro RIM ditetapkan: (lanjutan)                       Current Account are determined as follows:
                                                                           (continued)

           e.   Parameter Disinsentif Atas ditetapkan:                     e.   Upper Disincentive Parameters are determined
                                                                                as follows:
                1. Sebesar 0 (nol), jika BUK memiliki KPMM                      1. In the amount of 0 (zero), if the BUK has a
                   lebih besar dari KPMM lnsentif; atau                              CAR higher than the Incentive CAR; or

                2.   Sebesar 0 (nol), jika BUK memiliki KPMM                     2.   In the amount of 0 (zero), if the BUK has a
                     lebih kecil dari atau sama dengan KPMM                           CAR less than or equal to the Incentive
                     lnsentif.                                                        CAR.

     i.    Penempatan pada Bank Indonesia dan bank                    i.   Placements with Bank Indonesia and other
           lain                                                            banks

           Penempatan pada Bank Indonesia dan bank lain                    Placements with Bank Indonesia and other banks
           merupakan penempatan dana dalam bentuk                          represent placements in the form of Bank Indonesia
           Deposit Facility (DF), Fasilitas Simpanan Bank                  Deposit Facility, sharia FASBI (Fasilitas Simpanan
           Indonesia Syariah (FASBIS), Pasar Uang Antar                    Bank Indonesia Syariah (FASBIS)), interbank call
           Bank, Pasar Uang Antar Bank Syariah, deposito                   money, sharia interbank call money, time deposits
           berjangka dan lain-lain.                                        and others.

           Penempatan pada Bank Indonesia dan bank lain                    Placements with Bank Indonesia and other banks
           disajikan sebesar biaya perolehan diamortisasi                  are stated at amortised cost using effective interest
           dengan menggunakan suku bunga efektif                           rate less any allowance for impairment losses.
           dikurangi dengan cadangan kerugian penurunan
           nilai.

           Sesuai dengan Peraturan Otoritas Jasa Keuangan                  In accordance with Regulation of Financial Services
           (POJK)     No.    40/POJK.03/2019       tanggal                 Authority (POJK) No. 40/POJK.03/2019 dated 19
           19 Desember 2019 tentang Penilaian Kualitas                     December      2019    concerning     the    Quality
           Aset Bank Umum, seluruh bentuk penempatan                       Assessment of Commercial Banks, all forms of
           pada Bank Indonesia ditetapkan memiliki kualitas                placements with Bank Indonesia are determined to
           lancar.                                                         have current quality.

           Penempatan pada Bank Indonesia dan bank lain                    Placements with Bank Indonesia and other banks
           diklasifikasikan   sebagai   biaya     perolehan                are classified as amortised cost. Refer to Note 2c
           diamortisasi. Lihat Catatan 2c untuk kebijakan                  for the accounting policy of amortised cost.
           akuntansi atas biaya perolehan diamortisasi.




                                                           112
Page 1127
                                                                                            The original consolidated financial statements
                                                                                          included herein are in the Indonesian language.

            PT BANK MANDIRI (PERSERO) Tbk                                          PT BANK MANDIRI (PERSERO) Tbk
                DAN ENTITAS ANAKNYA                                                      AND ITS SUBSIDIARIES
          CATATAN ATAS LAPORAN KEUANGAN                                             NOTES TO THE CONSOLIDATED
                     KONSOLIDASIAN                                                      FINANCIAL STATEMENTS
           Tanggal 31 Desember 2025 dan untuk                                        As of 31 December 2025 and for
          Tahun Berakhir pada Tanggal Tersebut                                          for the Year Then Ended
             (Disajikan dalam jutaan Rupiah,                                        (Expressed in millions of Rupiah,
                 kecuali dinyatakan lain)                                               unless otherwise stated)

2.   INFORMASI KEBIJAKAN AKUNTANSI MATERIAL                           2.   MATERIAL ACCOUNTING POLICY INFORMATION
     (lanjutan)                                                            (continued)

     j.    Efek-efek                                                       j.   Marketable securities

           Efek-efek yang dimiliki terdiri dari efek-efek yang                  Marketable securities consist of securities traded in
           diperdagangkan di pasar uang seperti Sertifikat                      the money market such as Certificates of Bank
           Bank Indonesia (SBI), Sertifikat Bank Indonesia                      Indonesia (Sertifikat Bank Indonesia (SBI)), Sharia
           Syariah (SBIS), Surat Perbendaharaan Negara                          Certificates of Bank Indonesia (Sertifikat Bank
           (SPN), Negotiable Certificates of Deposits,                          Indonesia Syariah (SBIS)), Government Treasury
           Medium Term Notes, Treasury Bills yang                               Bills (Surat Perbendaharaan Negara (SPN))
           diterbitkan oleh pemerintah negara lain dan                          Negotiable Certificates of Deposits, Medium Term
           Pemerintah Republik Indonesia, wesel ekspor,                         Notes, Treasury Bills issued by government of other
           efek-efek yang diperdagangkan di pasar modal                         country and Government of Republic of Indonesia,
           seperti unit reksa dana, serta efek-efek yang                        export bills, securities traded on the capital market
           diperdagangkan di bursa efek seperti saham dan                       such as mutual fund units and securities traded on
           obligasi, termasuk obligasi syariah perusahaan.                      the stock exchanges such as shares and bonds
                                                                                including sharia corporate bonds.

           Efek-efek diklasifikasikan sebagai aset keuangan                     Marketable securities are classified as financial
           dalam kelompok diukur pada nilai wajar melalui                       assets at fair value through profit or loss, fair value
           laba rugi, nilai wajar melalui penghasilan                           through other comprehensive income, and at
           komprehensif lain, dan biaya perolehan                               amortised cost. Refer to Note 2c for the accounting
           diamortisasi. Lihat Catatan 2c untuk kebijakan                       policy of financial assets through fair value through
           akuntansi atas aset keuangan dalam kelompok                          profit or loss, fair value through other
           diukur pada nilai wajar melalui laba rugi, nilai wajar               comprehensive income, and at amortised cost.
           melalui penghasilan komprehensif lain, dan biaya
           perolehan diamortisasi.

           Investasi dalam unit reksa dana dinyatakan                           Investments in mutual funds units are stated at
           sebesar nilai pasar sesuai nilai aset bersih dari                    market value, in accordance with the net assets
           reksa dana pada tanggal laporan posisi keuangan                      value of mutual funds at the date of the consolidated
           konsolidasian.                                                       statement of financial position.

           Untuk efek-efek yang diperdagangkan di pasar                         For marketable securities which are traded in
           keuangan yang terorganisasi, nilai wajar tersebut                    organised financial markets, the fair value is
           umumnya ditentukan dengan mengacu pada                               generally determined by reference to quoted market
           harga pasar kuotasian yang terjadi di bursa efek                     prices by the stock exchanges at the end of
           pada akhir hari pada tanggal laporan posisi                          business day on the consolidated statement of
           keuangan konsolidasian. Untuk efek-efek yang                         financial position date. For marketable securities
           tidak mempunyai harga pasar, estimasi atas nilai                     with no quoted market price, a reasonable estimate
           wajar efek-efek ditetapkan dengan mengacu pada                       of the fair value is determined by reference to the
           nilai wajar instrumen lain yang substansinya sama                    current market value of another instrument which
           atau dihitung berdasarkan arus kas yang                              substantially has the same characteristic or
           diharapkan terhadap aset bersih efek-efek                            calculated based on the expected cash flows of the
           tersebut. Penurunan nilai wajar permanen atas                        underlying net asset of the marketable securities.
           efek-efek untuk biaya perolehan diamortisasi dan                     Any permanent impairment in the fair value of
           nilai wajar melalui penghasilan komprehensif lain                    marketable securities classified as amortised cost
           dibebankan pada laporan laba rugi dan                                and fair value through other comprehensive income
           penghasilan komprehensif lain konsolidasian                          is charged to current year’s consolidated statement
           periode berjalan.                                                    of profit or loss and other comprehensive income.

           Pemindahan efek ke klasifikasi dimiliki biaya                        Reclassification of marketable securities to
           perolehan diamortisasi dari klasifikasi nilai wajar                  amortised cost from fair value through other
           melalui penghasilan komprehensif lain dicatat                        comprehensive income classification is recorded at
           sebesar nilai wajarnya. Keuntungan atau kerugian                     fair value. Unrealised gains or losses are recorded
           yang belum direalisasi tetap dilaporkan dalam                        in the equity section and will be amortised up to the
           komponen ekuitas dan diamortisasi dengan                             maturity date of the marketable securities using the
           metode suku bunga efektif selama sisa umur efek                      effective interest rate method over the remaining
           tersebut ke laporan laba rugi dan penghasilan                        tenor of marketable securities to consolidated
           komprehensif lain konsolidasian.                                     statement of profit or loss and other comprehensive
                                                                                income.

                                                                113
Page 1128
                                                                                            The original consolidated financial statements
                                                                                          included herein are in the Indonesian language.

            PT BANK MANDIRI (PERSERO) Tbk                                          PT BANK MANDIRI (PERSERO) Tbk
                DAN ENTITAS ANAKNYA                                                      AND ITS SUBSIDIARIES
          CATATAN ATAS LAPORAN KEUANGAN                                             NOTES TO THE CONSOLIDATED
                     KONSOLIDASIAN                                                      FINANCIAL STATEMENTS
           Tanggal 31 Desember 2025 dan untuk                                        As of 31 December 2025 and for
          Tahun Berakhir pada Tanggal Tersebut                                          for the Year Then Ended
             (Disajikan dalam jutaan Rupiah,                                        (Expressed in millions of Rupiah,
                 kecuali dinyatakan lain)                                               unless otherwise stated)

2.   INFORMASI KEBIJAKAN AKUNTANSI MATERIAL                           2.   MATERIAL ACCOUNTING POLICY INFORMATION
     (lanjutan)                                                            (continued)

     k.    Obligasi pemerintah                                             k.   Government bonds

           Obligasi pemerintah adalah surat utang yang                          Government bonds represent bonds issued by the
           diterbitkan oleh Pemerintah Republik Indonesia.                      Government of the Republic of Indonesia.
           Obligasi pemerintah terdiri dari obligasi                            Government bonds consist of government bonds
           pemerintah yang diperoleh dalam rangka program                       from the recapitalisation program and government
           rekapitalisasi dan obligasi pemerintah yang dibeli                   bonds purchased from the market.
           dari pasar.

           Obligasi pemerintah diklasifikasikan sebagai aset                    Government bonds are classified as financial assets
           keuangan dalam kelompok diukur pada nilai wajar                      at fair value through profit or loss, fair value through
           melalui laba rugi, nilai wajar melalui penghasilan                   other comprehensive income and at amortised cost.
           komprehensif lain, dan biaya perolehan                               Refer to Note 2c for the accounting policy of
           diamortisasi. Lihat Catatan 2c untuk kebijakan                       financial assets at fair value through profit or loss,
           akuntansi atas aset keuangan dalam kelompok                          fair value through other comprehensive income, and
           diukur pada nilai wajar melalui laba rugi, nilai wajar               at amortised cost.
           melalui penghasilan komprehensif lain, dan biaya
           perolehan diamortisasi.

     l.    Tagihan lainnya - transaksi perdagangan                         l.   Other receivables - trade transactions

           Tagihan lainnya - transaksi perdagangan adalah                       Other receivables - trade transactions represent
           tagihan sebagai akibat dari perjanjian pemberian                     receivables resulting from contracts for trade-
           fasilitas perdagangan kepada debitur yang akan                       related facilities given to customers, which will be
           ditagih pada saat jatuh tempo.                                       collected on maturity.

           Tagihan lainnya diklasifikasikan sebagai aset                        Other receivables - trade transactions are classified
           keuangan dalam kelompok biaya perolehan                              as financial assets at amortised cost. Refer to Note
           diamortisasi. Lihat Catatan 2c untuk kebijakan                       2c for the accounting policy of amortised cost.
           akuntansi aset keuangan dalam kelompok biaya
           perolehan diamortisasi.

     m. Tagihan atas efek-efek yang dibeli dengan janji                    m. Securities purchased under agreements to
        dijual kembali dan liabilitas atas efek-efek                          resell and securities sold under agreements to
        yang dijual dengan janji dibeli kembali                               repurchase liabilities

           Tagihan atas efek-efek yang dibeli dengan janji                      Securities purchased under agreements to resell
           dijual kembali diklasifikasikan sebagai aset                         are classified as financial assets at amortised cost.
           keuangan dalam kelompok biaya perolehan                              Refer to Note 2c for the accounting policy financial
           diamortisasi. Lihat Catatan 2c untuk kebijakan                       assets of amortised cost.
           akuntansi atas aset keuangan dalam kelompok
           biaya perolehan diamortisasi.

           Tagihan atas efek-efek yang dibeli dengan janji                      Securities purchased under agreements to resell
           dijual kembali disajikan sebagai aset dalam                          are presented as assets in the consolidated
           laporan posisi keuangan konsolidasian sebesar                        statement of financial position at the agreed resale
           harga pembelian kembali yang disepakati                              price less unamortised prepaid interest and
           dikurangi dengan bunga dibayar dimuka yang                           allowance for impairment losses. The difference
           belum diamortisasi dan cadangan kerugian                             between the purchase price and the agreed resale
           penurunan nilai. Selisih antara harga beli dan                       price is treated as deferred (unamortised) interest
           harga jual kembali yang disepakati diperlakukan                      income and amortised as income over the period,
           sebagai pendapatan bunga dibayar dimuka dan                          commencing from the acquisition date to the resale
           diakui sebagai pendapatan bunga selama jangka                        date using the effective interest rate method.
           waktu sejak efek-efek tersebut dibeli hingga dijual
           kembali dengan menggunakan metode suku
           bunga efektif.




                                                                114
Page 1129
                                                                                           The original consolidated financial statements
                                                                                         included herein are in the Indonesian language.

            PT BANK MANDIRI (PERSERO) Tbk                                           PT BANK MANDIRI (PERSERO) Tbk
                DAN ENTITAS ANAKNYA                                                       AND ITS SUBSIDIARIES
          CATATAN ATAS LAPORAN KEUANGAN                                              NOTES TO THE CONSOLIDATED
                     KONSOLIDASIAN                                                       FINANCIAL STATEMENTS
           Tanggal 31 Desember 2025 dan untuk                                         As of 31 December 2025 and for
          Tahun Berakhir pada Tanggal Tersebut                                           for the Year Then Ended
             (Disajikan dalam jutaan Rupiah,                                         (Expressed in millions of Rupiah,
                 kecuali dinyatakan lain)                                                unless otherwise stated)

2.   INFORMASI KEBIJAKAN AKUNTANSI MATERIAL                          2.   MATERIAL ACCOUNTING POLICY INFORMATION
     (lanjutan)                                                           (continued)

     m. Tagihan atas efek-efek yang dibeli dengan janji                   m. Securities purchased under agreements to
        dijual kembali dan liabilitas atas efek-efek                         resell and securities sold under agreements to
        yang dijual dengan janji dibeli kembali                              repurchase liabilities (continued)
        (lanjutan)

           Efek-efek yang dijual dengan janji untuk dibeli                     Securities sold under agreements to repurchase are
           kembali    diklasifikasikan  sebagai   liabilitas                   classified as financial liabilities at amortised cost.
           keuangan yang diukur dengan biaya perolehan                         Refer to Note 2c for the accounting policy for
           diamortisasi. Lihat Catatan 2c untuk kebijakan                      financial liabilities at amortised cost.
           akuntansi atas liabilitas keuangan yang diukur
           dengan biaya perolehan diamortisasi.

           Entitas Anak mencatat transaksi reverse repo                        The Subsidiaries recognised the reverse repo
           syariah mengacu ke PSAK 411 “Akuntansi Wa’d”                        sharia in accordance with SFAS 411 “Accounting
           yang diterapkan secara prospektif. Pada saat                        Wa’d” which applied prospectively. At initial
           pengakuan awal, Entitas Anak mengklasifikasikan                     recognition, Subsidiaries classified sharia securities
           surat berharga syariah dalam kategori diukur pada                   as measured at fair value through other
           nilai wajar melalui penghasilan komprehensif lain.                  comprehensive income. Gains or losses arising
           Keuntungan atau kerugian dari perubahan nilai                       from changes in fair value are recognised in other
           wajar diakui dalam penghasilan komprehensif lain.                   comprehensive income.

     n.    Tagihan derivatif dan liabilitas derivatif                     n.   Derivative receivables and derivative payables

           Seluruh instrumen derivatif (termasuk transaksi                     All derivative instruments (including foreign
           valuta asing untuk tujuan pendanaan dan                             currency transactions for funding and trading
           perdagangan) dicatat dalam laporan posisi                           purposes) are recognised in the consolidated
           keuangan konsolidasian berdasarkan nilai                            statement of financial position at their fair values.
           wajarnya. Nilai wajar tersebut ditentukan                           Fair value is determined based on market value
           berdasarkan harga pasar dengan menggunakan                          using Revinitif Eikon rate at reporting date or
           kurs Revinitif Eikon pada tanggal laporan atau                      discounted cash flow method.
           metode diskonto arus kas.

           Tagihan derivatif disajikan sebesar keuntungan                      Derivative receivables are presented at the amount
           yang belum direalisasi dari kontrak derivatif.                      of unrealised gain from derivative contracts.
           Liabilitas derivatif disajikan sebesar kerugian yang                Derivative payables are presented at the amount of
           belum direalisasi dari kontrak derivatif.                           unrealised loss from derivative contracts.

           Keuntungan atau kerugian dari kontrak derivatif                     Gains or losses from derivative contracts are
           disajikan dalam laporan keuangan konsolidasian                      presented in the consolidated financial statements
           berdasarkan tujuan Bank atas transaksi yaitu                        based on its purpose designated upon acquisition,
           untuk (1) lindung nilai atas nilai wajar, (2) lindung               for (1) fair value hedge, (2) cash flow hedge, (3) net
           nilai atas arus kas, (3) lindung nilai atas investasi               investment in a foreign operation hedge, and (4)
           bersih pada kegiatan operasi luar negeri dan (4)                    trading instruments as follows:
           instrumen perdagangan, sebagai berikut:
           1. Keuntungan atau kerugian dari kontrak                            1.   Gain or loss on a derivative contract designated
                 derivatif yang ditujukan dan memenuhi syarat                       and qualified as a fair value hedging instrument
                 sebagai instrumen lindung nilai atas nilai                         and the gain or loss arising from the changes in
                 wajar dan keuntungan atau kerugian atas                            fair value of hedged assets and liabilities is
                 perubahan nilai wajar aset dan liabilitas yang                     recognised as gain or loss that can be set off
                 dilindungi, diakui sebagai laba atau rugi yang                     one another during the same accounting year.
                 dapat saling hapus dalam periode akuntansi                         Any       difference     representing      hedge
                 yang sama. Setiap selisih yang terjadi                             ineffectiveness and directly recognised as gain
                 menunjukkan terjadinya ketidakefektifan                            or loss in the current year.
                 lindung nilai dan secara langsung diakui
                 sebagai laba atau rugi tahun berjalan.




                                                               115
Page 1130
                                                                                             The original consolidated financial statements
                                                                                           included herein are in the Indonesian language.

            PT BANK MANDIRI (PERSERO) Tbk                                            PT BANK MANDIRI (PERSERO) Tbk
                DAN ENTITAS ANAKNYA                                                        AND ITS SUBSIDIARIES
          CATATAN ATAS LAPORAN KEUANGAN                                               NOTES TO THE CONSOLIDATED
                     KONSOLIDASIAN                                                        FINANCIAL STATEMENTS
           Tanggal 31 Desember 2025 dan untuk                                          As of 31 December 2025 and for
          Tahun Berakhir pada Tanggal Tersebut                                            for the Year Then Ended
             (Disajikan dalam jutaan Rupiah,                                          (Expressed in millions of Rupiah,
                 kecuali dinyatakan lain)                                                 unless otherwise stated)

2.   INFORMASI KEBIJAKAN AKUNTANSI MATERIAL                           2.   MATERIAL ACCOUNTING POLICY INFORMATION
     (lanjutan)                                                            (continued)

     n.    Tagihan derivatif       dan    liabilitas   derivatif           n.   Derivative receivables and derivative payables
           (lanjutan)                                                           (continued)

           Keuntungan atau kerugian dari kontrak derivatif                      Gains or losses from derivative contracts are
           disajikan dalam laporan keuangan konsolidasian                       presented in the consolidated financial statements
           berdasarkan tujuan Bank atas transaksi yaitu                         based on its purpose designated upon acquisition,
           untuk (1) lindung nilai atas nilai wajar, (2) lindung                for (1) fair value hedge, (2) cash flow hedge, (3) net
           nilai atas arus kas, (3) lindung nilai atas investasi                investment in a foreign operation hedge, and (4)
           bersih pada kegiatan operasi luar negeri dan (4)                     trading instruments as follows: (continued)
           instrumen       perdagangan,      sebagai     berikut:
           (lanjutan)
           2. Bagian efektif dari keuntungan atau kerugian                      2.   The effective portion arising from gain or loss of
                 atas kontrak derivatif yang ditujukan sebagai                       derivative contracts designated as cash flow
                 lindung nilai atas arus kas dilaporkan sebagai                      hedge instruments is reported as other
                 penghasilan komprehensif lain. Bagian yang                          comprehensive income. The hedge ineffective
                 tidak efektif dari lindung nilai dilaporkan                         portion is recognised as a gain or loss in the
                 sebagai laba atau rugi tahun berjalan.                              current year.
           3. Keuntungan atau kerugian dari kontrak                             3.   Gain or loss arising from derivative contract
                 derivatif yang ditujukan sebagai lindung nilai                      that is designated as a net investment hedge in
                 atas investasi bersih pada kegiatan operasi                         a foreign operation is reported as other
                 luar negeri dilaporkan sebagai penghasilan                          comprehensive income, as long as the
                 komprehensif lain, sepanjang transaksi                              transactions are effectively recognised as
                 tersebut dianggap efektif sebagai transaksi                         hedge transactions.
                 lindung nilai.
           4. Keuntungan atau kerugian dari kontrak                             4.   Gain or loss arising from derivative contract
                 derivatif yang tidak ditujukan sebagai                              that is not designated as a hedging instrument
                 instrumen lindung nilai (atau kontrak derivatif                     (or derivative contract that does not qualify as
                 yang tidak memenuhi persyaratan sebagai                             a hedging instrument) is recognised as gain or
                 instrumen lindung nilai) diakui sebagai laba                        loss in current year.
                 atau rugi pada tahun berjalan.

           Tagihan derivatif diklasifikasikan sebagai aset                      Derivative receivables are classified as financial
           keuangan dalam kelompok diukur pada nilai wajar                      assets at fair value through profit or loss, meanwhile
           melalui laba rugi, sedangkan liabilitas derivatif                    derivative payables are classified as financial
           diklasifikasikan sebagai liabilitas keuangan dalam                   liabilities at fair value through profit or loss. Refer to
           kelompok diukur pada nilai wajar melalui laba rugi.                  Note 2c for the accounting policy of financial assets
           Lihat Catatan 2c untuk kebijakan akuntansi untuk                     and liabilities at fair value through profit or loss.
           aset keuangan dan liabilitas keuangan dalam
           kelompok diukur pada nilai wajar melalui laba rugi.

     o.    Kredit  yang    diberikan          dan      piutang/            o.   Loans and sharia receivables/financing
           pembiayaan syariah

           Kredit yang diberikan adalah penyediaan uang                         Loans represent the provision of cash or cash
           atau tagihan yang dapat disetarakan dengan kas,                      equivalent    receivables     based     on    lending
           berdasarkan persetujuan atau kesepakatan                             agreements with borrowers, which the borrowers
           pinjam-meminjam      dengan      debitur   yang                      are required to repay their debts with interest after a
           mewajibkan debitur untuk melunasi utang berikut                      specified period, and matured trade finance facilities
           bunganya setelah jangka waktu tertentu dan                           which have not been settled within 15 days.
           tagihan yang berasal dari transaksi perdagangan
           yang telah jatuh tempo yang belum diselesaikan
           dalam waktu 15 hari.




                                                                116
Page 1131
                                                                                       The original consolidated financial statements
                                                                                     included herein are in the Indonesian language.

            PT BANK MANDIRI (PERSERO) Tbk                                     PT BANK MANDIRI (PERSERO) Tbk
                DAN ENTITAS ANAKNYA                                                 AND ITS SUBSIDIARIES
          CATATAN ATAS LAPORAN KEUANGAN                                        NOTES TO THE CONSOLIDATED
                     KONSOLIDASIAN                                                 FINANCIAL STATEMENTS
           Tanggal 31 Desember 2025 dan untuk                                   As of 31 December 2025 and for
          Tahun Berakhir pada Tanggal Tersebut                                     for the Year Then Ended
             (Disajikan dalam jutaan Rupiah,                                   (Expressed in millions of Rupiah,
                 kecuali dinyatakan lain)                                          unless otherwise stated)

2.   INFORMASI KEBIJAKAN AKUNTANSI MATERIAL                      2.   MATERIAL ACCOUNTING POLICY INFORMATION
     (lanjutan)                                                       (continued)

     o.    Kredit  yang    diberikan     dan       piutang/           o.   Loans     and      sharia     receivables/financing
           pembiayaan syariah (lanjutan)                                   (continued)

           Kredit sindikasi, kredit dalam rangka pembiayaan                Syndicated loans, direct financing and joint
           langsung dan pembiayaan bersama serta                           financing, and channelling loans are stated at their
           penerusan dinyatakan sebesar saldonya sesuai                    outstanding balances in proportion to the risks
           dengan porsi kredit yang risikonya ditanggung                   borne by the Bank and its Subsidiaries.
           oleh Bank Mandiri dan Entitas Anak.

           Piutang/pembiayaan syariah                                      Sharia receivables/financing

           Di dalam kredit yang diberikan termasuk                         Included in loans are financing provided by
           pembiayaan oleh PT Bank Syariah Indonesia Tbk                   PT Bank Syariah Indonesia Tbk (previously
           (dahulu PT Bank Syariah Mandiri (“BSM”)), Entitas               PT Bank Syariah Mandiri (“BSM”)), a Subsidiary, in
           Anak, berupa piutang, pembiayaan syariah dan                    the form of sharia receivables, sharia financing and
           pinjaman qardh.                                                 funds of qardh.

           Mudharabah adalah kerja sama suatu usaha                        Mudharabah financing is a co-operation for certain
           antara pihak pertama (malik, shahibul maal atau                 project between first party (malik, shahibul maal or
           Entitas Anak) yang menyediakan seluruh modal                    Subsidiary) as owner of fund and second party
           dan pihak kedua (amil, mudharib atau nasabah)                   (amil, mudharib or debtors) as fund manager and
           yang bertindak selaku pengelola dana dengan                     the profit will be shared in accordance with
           membagi keuntungan usaha sesuai dengan                          percentage as stated in the agreement, meanwhile
           persentase tertentu yang disepakati dalam akad,                 losses will be borne by the Subsidiary except if the
           sedangkan kerugian ditanggung sepenuhnya oleh                   second party does negligence, error or violate the
           Entitas Anak kecuali jika pihak kedua melakukan                 agreement. Mudharabah financing is stated at the
           kesalahan yang disengaja, lalai atau menyalahi                  outstanding financing balance less allowance for
           perjanjian. Pembiayaan Mudharabah dinyatakan                    possible losses.
           sebesar saldo pembiayaan dikurangi dengan
           penyisihan kerugian.

           Musyarakah adalah kerja sama di antara dua                      Musyarakah financing is a co-operation between
           pihak atau lebih untuk suatu usaha tertentu                     two or more parties for a certain business wherein
           dimana masing-masing pihak memberikan porsi                     each party provides a portion of fund on condition
           dana dengan ketentuan bahwa keuntungan akan                     that the profit shall be shared based on the agreed
           dibagi sesuai dengan persentase yang disepakati,                percentage, whereas losses shall be borne in
           sedangkan kerugian ditanggung sesuai dengan                     accordance with the portion of the fund of each
           porsi    dana    masing-masing.    Pembiayaan                   party. Permanent musyarakah financing is
           musyarakah permanen adalah musyarakah                           musyarakah in which the fund portion of each
           dengan ketentuan bagian dana setiap mitra                       partner is stated explicitly in the contract and
           ditentukan sesuai akad dan jumlahnya tetap                      remains the same until the contract expires.
           hingga    akhir   masa     akad.   Pembiayaan                   Declining musyarakah financing (musyarakah
           musyarakah menurun (musyarakah mutanaqisha)                     mutanaqisha) is musyarakah in which the fund
           adalah musyarakah dengan ketentuan bagian                       portion of one of the partners will be transferred in
           dana salah satu mitra akan dialihkan secara                     several stages to the other partner, resulting in the
           bertahap kepada mitra lainnya sehingga bagian                   declining of fund portion of one of the partners, and
           dananya akan menurun dan pada akhir masa                        at the end of contract, the other partner will become
           akad mitra lain tersebut akan menjadi pemilik                   the sole owner of the business. Musyarakah
           penuh usaha tersebut. Pembiayaan musyarakah                     financing is stated at the outstanding financing
           dinyatakan sebesar saldo pembiayaan dikurangi                   balance less allowance for possible losses.
           dengan penyisihan kerugian.




                                                           117
Page 1132
                                                                                        The original consolidated financial statements
                                                                                      included herein are in the Indonesian language.

            PT BANK MANDIRI (PERSERO) Tbk                                      PT BANK MANDIRI (PERSERO) Tbk
                DAN ENTITAS ANAKNYA                                                  AND ITS SUBSIDIARIES
          CATATAN ATAS LAPORAN KEUANGAN                                         NOTES TO THE CONSOLIDATED
                     KONSOLIDASIAN                                                  FINANCIAL STATEMENTS
           Tanggal 31 Desember 2025 dan untuk                                    As of 31 December 2025 and for
          Tahun Berakhir pada Tanggal Tersebut                                      for the Year Then Ended
             (Disajikan dalam jutaan Rupiah,                                    (Expressed in millions of Rupiah,
                 kecuali dinyatakan lain)                                           unless otherwise stated)

2.   INFORMASI KEBIJAKAN AKUNTANSI MATERIAL                       2.   MATERIAL ACCOUNTING POLICY INFORMATION
     (lanjutan)                                                        (continued)

     o.    Kredit  yang    diberikan     dan        piutang/           o.   Loans     and      sharia     receivables/financing
           pembiayaan syariah (lanjutan)                                    (continued)

           Piutang/pembiayaan syariah (lanjutan)                            Sharia receivables/financing (continued)

           Akad murabahah adalah akad pembiayaan suatu                      Murabahah contracts are the financing of goods by
           barang dengan menegaskan harga beli kepada                       confirming purchase price to a buyer and the buyer
           pembeli dan dibayar dengan harga yang lebih                      pays it at a higher price as an agreed profit.
           tinggi sebagai marjin yang disepakati. Murabahah                 Murabahah is the transaction of sales of goods by
           adalah transaksi penjualan barang dengan                         stating the acquisition cost and income (margin) that
           menyatakan harga perolehan dan keuntungan                        has been agreed by the seller and buyer.
           (marjin) yang disepakati oleh penjual dan pembeli.

           Piutang murabahah diklasifikasikan sebagai aset                  Murabahah receivables is classified as financial
           keuangan dalam kategori pinjaman yang diberikan                  assets under loans and receivables according to
           dan piutang sesuai PSAK 239 “Instrumen                           SFAS 239 “Financial Instruments: Recognition and
           Keuangan: Pengakuan dan Pengukuran”.                             Measurements”.

           Piutang murabahah pada awalnya diukur pada                       Murabahah receivables initially is stated at net
           nilai bersih yang dapat direalisasi ditambah                     realizable value plus transaction cost/directly
           dengan biaya transaksi/pendapatan administrasi                   attributable administration fee and additional
           yang dapat diatribusikan secara langsung dan                     acquisition cost to acquire those financial assets
           biaya tambahan untuk memperoleh aset                             and after initial recognition, it is measured at
           keuangan tersebut, dan setelah pengakuan awal                    amortised cost using the effective interest rate
           diukur pada biaya perolehan diamortisasi                         method less the allowance for impairment losses.
           menggunakan metode tingkat imbal hasil efektif
           dikurangi cadangan kerugian penurunan nilai.

           Piutang murabahah dinyatakan sebesar jumlah                      Murabahah receivables is stated at the balance of
           piutang setelah dikurangi dengan marjin yang                     the receivable less realizable deferred margin and
           ditangguhkan yang dapat direalisasikan dengan                    allowance for possible losses. The Subsidiary
           cadangan kerugian penurunan nilai. Entitas Anak                  calculates the allowance for impairment losses on
           menetapkan cadangan kerugian penurunan nilai                     receivables according       to the      murabahah
           atas piutang sesuai dengan kualitas piutang                      receivables quality based on review on each of
           murabahah berdasarkan penelaahan atas                            receivables balance.
           masing-masing saldo piutang.

           Piutang istishna adalah pembiayaan barang                        Istishna receivables is the financing of goods in the
           dalam bentuk pemesanan pembuatan barang                          form of manufacturing the ordered goods with the
           tertentu dengan kriteria dan persyaratan tertentu                agreed criteria and specification by both of orderer
           yang disepakati antara pemesan atau pembeli                      or buyer (mustashni) and manufacturer or seller
           (mustashni) dan penjual atau pembuat (shani).                    (shani). Istishna receivables is presented based on
           Piutang istishna disajikan sebesar tagihan kepada                the outstanding billings less allowance for possible
           pembeli dikurangi penyisihan kerugian.                           losses.

           Pinjaman qardh adalah pinjaman dana kepada                       Qardh borrowings is borrowings at the condition that
           nasabah dengan ketentuan bahwa nasabah wajib                     the borrower should repay the loan at specified
           mengembalikan dana yang diterimanya pada                         period of time. The Subsidiary will obtain a fee
           waktu yang telah disepakati. Atas transaksi ini,                 (ujrah) from this transaction, which is recognised
           Entitas Anak mendapatkan ujrah (imbalan) dan                     upon receipt. Qardh included hawalah and rahn
           diakui pada saat diterima. Pinjaman qardh meliputi               financing agreement. Hawalah is transfer of debts
           pembiayaan dengan akad hawalah dan rahn.                         from debtors to other party (Subsidiary) which
           Akad hawalah adalah akad pengalihan utang dari                   obligates to bear or pay.
           pihak yang berutang (nasabah) kepada pihak lain
           (Entitas Anak) yang wajib menanggung atau
           membayar.




                                                            118
Page 1133
                                                                                          The original consolidated financial statements
                                                                                        included herein are in the Indonesian language.

            PT BANK MANDIRI (PERSERO) Tbk                                       PT BANK MANDIRI (PERSERO) Tbk
                DAN ENTITAS ANAKNYA                                                   AND ITS SUBSIDIARIES
          CATATAN ATAS LAPORAN KEUANGAN                                          NOTES TO THE CONSOLIDATED
                     KONSOLIDASIAN                                                   FINANCIAL STATEMENTS
           Tanggal 31 Desember 2025 dan untuk                                     As of 31 December 2025 and for
          Tahun Berakhir pada Tanggal Tersebut                                       for the Year Then Ended
             (Disajikan dalam jutaan Rupiah,                                     (Expressed in millions of Rupiah,
                 kecuali dinyatakan lain)                                            unless otherwise stated)

2.   INFORMASI KEBIJAKAN AKUNTANSI MATERIAL                        2.   MATERIAL ACCOUNTING POLICY INFORMATION
     (lanjutan)                                                         (continued)

     o.    Kredit  yang    diberikan     dan        piutang/            o.   Loans     and       sharia     receivables/financing
           pembiayaan syariah (lanjutan)                                     (continued)

           Piutang/pembiayaan syariah (lanjutan)                             Sharia receivables/financing (continued)

           Rahn merupakan transaksi gadai barang atau                        Rahn represents the pledge of goods or assets
           harta dari nasabah kepada Entitas Anak dengan                     owned by the customer to the Subsidiary for an
           uang sebagai gantinya. Barang atau harta yang                     equivalent amount of money. Assets or goods
           digadaikan tersebut dinilai sesuai harga pasar                    pledged are appraised based on market value, less
           dikurangi persentase tertentu. Atas transaksi ini,                a certain deduction percentage. The Subsidiary will
           Entitas Anak mendapatkan ujrah (imbalan) dan                      obtain a fee (ujrah), which is recognised upon
           diakui pada saat diterima. Rahn disajikan sebesar                 receipt. Rahn is stated at its outstanding balance
           saldo dikurangi penyisihan kerugian.                              less allowance for possible losses.

           Kredit yang diberikan dan piutang/pembiayaan                      Loans and sharia receivables/financing are
           syariah diklasifikasikan sebagai aset keuangan                    classified as financial assets in loans and
           dalam kelompok pinjaman yang diberikan dan                        receivables category. Refer to Note 2c for the
           piutang. Lihat Catatan 2c untuk kebijakan                         accounting policy of financial assets for loans and
           akuntansi atas aset keuangan dalam kelompok                       receivables.
           pinjaman yang diberikan dan piutang.

           Restrukturisasi kredit yang diberikan                             Loan restructuring

           Restrukturisasi kredit dilakukan kepada debitur                   Loan restructuring is done for debtors who has
           yang berpotensi atau mengalami kesulitan dalam                    potential or experiencing difficulties in fulfilling their
           memenuhi kewajibannya. Restrukturisasi kredit                     obligations. Restructuring includes modification of
           meliputi modifikasi persyaratan kredit, konversi                  loan terms, conversion of loans into share/stock or
           kredit menjadi saham atau instrumen keuangan                      other financial instruments and/or a combination of
           lainnya dan/atau kombinasi dari keduanya.                         both.

           Kerugian yang timbul dari restrukturisasi kredit                  Losses on loan restructuring due to modification of
           yang berkaitan dengan modifikasi persyaratan                      the terms of the loans are recognised as part of
           kredit diakui dalam bentuk cadangan kerugian                      allowance for impairment losses only if the present
           penurunan nilai bila nilai sekarang dari jumlah                   value of total future cash receipts specified in the
           penerimaan kas yang akan datang yang telah                        new terms of the loans including receipts
           ditentukan dalam persyaratan kredit yang baru,                    designated as interest and loan principal, are less
           termasuk penerimaan yang diperuntukkan                            than the carrying amount of loans before
           sebagai bunga maupun pokok, adalah lebih kecil                    restructuring.
           dari nilai kredit yang diberikan yang tercatat
           sebelum restrukturisasi.

           Untuk restrukturisasi kredit dengan cara konversi                 For loan restructuring which involve a conversion of
           kredit yang diberikan menjadi saham atau                          loans into share/stock or other financial instruments,
           instrumen keuangan lainnya, kerugian dari                         a loss on loan restructuring is recognised as part of
           restrukturisasi kredit diakui dalam bentuk                        allowance for impairment losses if the fair value of
           cadangan kerugian penurunan nilai apabila nilai                   the share or financial instruments received,
           wajar penyertaan saham atau instrumen                             deducted by estimated expenses to sell the share
           keuangan yang diterima dikurangi estimasi biaya                   or other financial instruments, is less than the
           untuk menjualnya adalah lebih kecil dari nilai buku               carrying amount of loans.
           kredit yang diberikan.




                                                             119
Page 1134
                                                                                            The original consolidated financial statements
                                                                                          included herein are in the Indonesian language.

            PT BANK MANDIRI (PERSERO) Tbk                                            PT BANK MANDIRI (PERSERO) Tbk
                DAN ENTITAS ANAKNYA                                                        AND ITS SUBSIDIARIES
          CATATAN ATAS LAPORAN KEUANGAN                                               NOTES TO THE CONSOLIDATED
                     KONSOLIDASIAN                                                        FINANCIAL STATEMENTS
           Tanggal 31 Desember 2025 dan untuk                                          As of 31 December 2025 and for
          Tahun Berakhir pada Tanggal Tersebut                                            for the Year Then Ended
             (Disajikan dalam jutaan Rupiah,                                          (Expressed in millions of Rupiah,
                 kecuali dinyatakan lain)                                                 unless otherwise stated)

2.   INFORMASI KEBIJAKAN AKUNTANSI MATERIAL                         2.   MATERIAL ACCOUNTING POLICY INFORMATION
     (lanjutan)                                                          (continued)

     o.    Kredit  yang    diberikan     dan         piutang/            o.   Loans     and        sharia     receivables/financing
           pembiayaan syariah (lanjutan)                                      (continued)

           Restrukturisasi kredit yang diberikan (lanjutan)                   Loan restructuring (continued)

           Bank memiliki ketentuan internal mengenai                          The Bank formed internal regulation regarding the
           debitur yang layak untuk dikeluarkan dari daftar                   debtors that are eligible to be removed from the list
           kredit yang direstrukturisasi, yaitu apabila                       of restructured loans, i.e., when the loan/debtor has
           kredit/debitur telah memenuhi kriteria sebagai                     met the following criteria:
           berikut:
           i.   Kualitas kredit telah dikategorikan Lancar                    i.     Credit quality has been categorised as Current
                (kolektibilitas 1) sesuai dengan hasil reviu                         (collectability 1) according to the review results
                berdasarkan 3 (tiga) pilar penetapan kualitas                        by 3 (three) pillars of credit quality on Bank
                kredit dari Bank Indonesia;                                          Indonesia;
           ii. Tingkat suku bunga yang dikenakan atas                         ii.    The interest rate charged on the current loan
                fasilitas kredit berjalan merupakan tingkat                          facility is the commercial interest rate to debtors
                suku bunga komersial yang diberikan kepada                           in accordance with the relevant credit
                debitur sesuai dengan segmen kredit yang                             segments above the base lending rate;
                bersangkutan di atas base lending rate;
           iii. Tidak terdapat Tunggakan Bunga yang                           iii.   There are no Deferred Delinquency Interest
                Dijadwalkan Kembali (TBYD) dan Bunga                                 (TBYD) and Deferred Interest (BYDT) which
                yang Ditangguhkan (BYDT) yang masih                                  have not yet been settled.
                belum selesai.

     p.    Piutang pembiayaan konsumen                                   p.   Consumer financing receivables

           Piutang pembiayaan konsumen Entitas Anak                           The Subsidiaries consumer financing receivables
           diakui pada awalnya dengan nilai wajar ditambah                    are recognised initially at fair value, plus transaction
           biaya-biaya transaksi dan dikurangi yield                          costs and deducted by yield enhancing income that
           enhancing income yang dapat diatribusikan                          is directly attributable, and subsequently measured
           secara langsung dan selanjutnya diukur dengan                      at amortised cost using the effective interest rate
           biaya perolehan diamortisasi menggunakan                           method.
           metode suku bunga efektif.

           Piutang pembiayaan konsumen Entitas Anak                           The Subsidiaries consumer financing receivables
           diklasifikasikan   sebagai   biaya   perolehan                     are classified at amortised cost. Refer to Note 2c for
           diamortisasi. Lihat Catatan 2c untuk perlakuan                     the accounting policy of financial assets classified at
           akuntansi aset keuangan dalam kelompok biaya                       amortised cost.
           perolehan diamortisasi.

           Penyelesaian kontrak sebelum masa pembiayaan                       Early termination before end of consumer financing
           konsumen       berakhir  diperlakukan    sebagai                   is treated as a cancellation of an receivables’ terms
           pembatalan kontrak pembiayaan konsumen dan                         existing contract and the resulting gain or loss is
           laba atau rugi yang terjadi diakui dalam laporan                   credited or charged to the current year’s
           laba rugi dan penghasilan komprehensif lain                        consolidated statement of profit or loss and other
           konsolidasian tahun berjalan pada tanggal                          comprehensive income at the transaction date.
           terjadinya transaksi.

           Restrukturisasi kredit dapat dilakukan dengan                      Loan/financing restructuring can be done by
           cara pengalihan kredit, melanjutkan kredit,                        transfer of financing, financing continuation,
           mengangsur kembali, mengubah jatuh tempo,                          re-installment payment, change the due date,
           mengubah tenor dan/atau menambah uang muka.                        change the tenor and/or increase the down
                                                                              payment.




                                                              120
Page 1135
                                                                                        The original consolidated financial statements
                                                                                      included herein are in the Indonesian language.

            PT BANK MANDIRI (PERSERO) Tbk                                      PT BANK MANDIRI (PERSERO) Tbk
                DAN ENTITAS ANAKNYA                                                  AND ITS SUBSIDIARIES
          CATATAN ATAS LAPORAN KEUANGAN                                         NOTES TO THE CONSOLIDATED
                     KONSOLIDASIAN                                                  FINANCIAL STATEMENTS
           Tanggal 31 Desember 2025 dan untuk                                    As of 31 December 2025 and for
          Tahun Berakhir pada Tanggal Tersebut                                      for the Year Then Ended
             (Disajikan dalam jutaan Rupiah,                                    (Expressed in millions of Rupiah,
                 kecuali dinyatakan lain)                                           unless otherwise stated)

2.   INFORMASI KEBIJAKAN AKUNTANSI MATERIAL                       2.   MATERIAL ACCOUNTING POLICY INFORMATION
     (lanjutan)                                                        (continued)

     p.    Piutang pembiayaan konsumen (lanjutan)                      p.   Consumer financing receivables (continued)

           Pendapatan pembiayaan konsumen yang belum                        Subsidiaries’ unearned consumer financing income
           diakui milik Entitas Anak merupakan selisih antara               is the difference between total installments to be
           jumlah keseluruhan pembayaran angsuran yang                      received from customers and the total financing
           akan diterima dari konsumen dengan jumlah                        principal which is recognised as consumer financing
           pokok pembiayaan, yang akan diakui sebagai                       income over the term of the contract using effective
           pendapatan pembiayaan konsumen selama                            interest rate.
           jangka waktu kontrak menggunakan metode suku
           bunga efektif.

           Piutang pembiayaan konsumen merupakan                            Consumer financing receivables are net of joint
           jumlah piutang setelah dikurangi dengan bagian                   financing receivables after deducted with joint
           pembiayaan bersama dimana risiko kredit                          financing portion where joint financing providers
           ditanggung oleh pemberi pembiayaan bersama                       bear credit risk in accordance with its portion
           sesuai dengan porsinya (without recourse),                       (without recourse), unearned consumer financing
           pendapatan pembiayaan yang belum diakui dan                      income and allowance for impairment losses.
           cadangan kerugian penurunan nilai.

           Piutang pembiayaan konsumen yang dibiayai                        Joint financing receivables that are jointly financed
           bersama pihak-pihak lain dimana masing-masing                    with other parties, bears credit risk in accordance
           pihak menanggung risiko kredit sesuai dengan                     with their financing portion (without recourse) are
           porsinya (without recourse) disajikan di laporan                 presented on a net basis in the consolidated
           posisi keuangan konsolidasian secara bersih.                     statement of financial position.

           Pendapatan pembiayaan konsumen dan beban                         Consumer financing income and interest expense
           bunga yang terkait dengan pembiayaan bersama                     related to joint financing without recourse are also
           without recourse disajikan secara bersih di                      presented on a net basis in the consolidated
           laporan laba rugi dan penghasilan komprehensif                   statement of profit or loss and other comprehensive
           lain konsolidasian.                                              income.

           Dalam pembiayaan bersama without recourse,                       In joint financing without recourse, the Subsidiaries
           Entitas Anak berhak menentukan tingkat bunga                     has the right to set higher interest rates to
           yang lebih tinggi kepada pelanggan dari tingkat                  customers than those that are stated in the joint
           bunga yang ditetapkan dalam perjanjian dengan                    financing agreements with joint financing providers.
           pemberi pembiayaan bersama. Selisihnya                           The difference is recognised as revenue and
           merupakan pendapatan dan disajikan sebagai                       disclosed part of as “Consumer financing income”.
           bagian dari “Pendapatan pembiayaan konsumen”.

     q.    Investasi bersih dalam sewa pembiayaan                      q.   Net investment finance leases

           Investasi bersih dalam sewa pembiayaan                           Net investment finance leases are classified at
           diklasifikasikan   sebagai   biaya     perolehan                 amortised cost. Refer to Note 2c to the accounting
           diamortisasi. Lihat Catatan 2c untuk kebijakan                   policy for at amortised cost.
           akuntansi atas biaya perolehan diamortisasi.

           Penyewa pembiayaan memiliki hak opsi untuk                       The lessee has the right option to purchase the
           membeli aset yang disewa-pembiayaankan pada                      leased asset at the end of the lease period at
           akhir masa sewa pembiayaan dengan harga yang                     a price which has mutually agreed upon at the
           telah disetujui bersama pada saat dimulainya                     commencement of the agreement.
           perjanjian sewa pembiayaan.

           Penyelesaian kontrak sebelum masa sewa                           Early termination before end of finance leases’
           pembiayaan berakhir diperlakukan sebagai                         terms is treated as a cancellation of an existing
           pembatalan kontrak sewa dan laba atau rugi yang                  contracts and the resulting gain or loss is
           timbul diakui dalam laporan laba rugi dan                        recognised in the current year consolidated
           penghasilan komprehensif lain konsolidasian                      statement of profit or loss and other comprehensive
           tahun berjalan.                                                  income.



                                                            121
Page 1136
                                                                                            The original consolidated financial statements
                                                                                          included herein are in the Indonesian language.

            PT BANK MANDIRI (PERSERO) Tbk                                            PT BANK MANDIRI (PERSERO) Tbk
                DAN ENTITAS ANAKNYA                                                        AND ITS SUBSIDIARIES
          CATATAN ATAS LAPORAN KEUANGAN                                               NOTES TO THE CONSOLIDATED
                     KONSOLIDASIAN                                                        FINANCIAL STATEMENTS
           Tanggal 31 Desember 2025 dan untuk                                          As of 31 December 2025 and for
          Tahun Berakhir pada Tanggal Tersebut                                            for the Year Then Ended
             (Disajikan dalam jutaan Rupiah,                                          (Expressed in millions of Rupiah,
                 kecuali dinyatakan lain)                                                 unless otherwise stated)

2.   INFORMASI KEBIJAKAN AKUNTANSI MATERIAL                           2.   MATERIAL ACCOUNTING POLICY INFORMATION
     (lanjutan)                                                            (continued)

     r.    Aset tetap, aset dan liabilitas sewa dan aset                   r.   Fixed assets, leased assets and liabilities, and
           takberwujud                                                          intangible assets

           i.   Aset tetap dan perangkat lunak                                  i.   Fixed assets and software

                Pada tanggal 1 April 2016, Grup melakukan                            On 1 April 2016, the Group changed their
                perubahan kebijakan akuntansi atas tanah                             accounting policy relating to land from cost
                dari model biaya menjadi model revaluasi.                            model into revaluation model. The land is
                Tanah disajikan sebesar nilai wajar.                                 stated at fair value.

                Penilaian terhadap tanah dilakukan oleh                              Appraisal of the land is performed by
                penilai independen eksternal yang memiliki                           a certified external independent appraiser.
                sertifikasi. Penilaian atas aset tersebut                            Assessment of those assets are conducted
                dilakukan secara berkala untuk memastikan                            regularly to ensure that the fair value of the
                bahwa nilai wajar aset yang direvaluasi tidak                        revaluated asset is not materially different from
                berbeda secara material dengan nilai                                 its carrying value.
                tercatatnya.

                Jika nilai wajar dari aset yang direvaluasi                          If the fair value of the revalued asset change
                mengalami perubahan yang signifikan dan                              significantly and fluctuative, it is necessary to
                fluktuatif, maka perlu direvaluasi secara                            revaluate the assets on an annual basis,
                tahunan, sedangkan jika nilai wajar dari aset                        whereas if the fair value of the revalued asset
                yang direvaluasi tidak mengalami perubahan                           does not change significantly, it is necessary to
                yang signifikan dan fluktuatif, maka perlu                           revaluate at a minimum every 3 years.
                dilakukan revaluasi minimal 3 tahun sekali.

                Kenaikan nilai tercatat yang timbul dari                             The increase in the carrying value arising from
                revaluasi tanah dicatat sebagai “Selisih bersih                      the revaluation of land is recorded as "Net
                revaluasi aset tetap” dan disajikan sebagai                          differences in fixed assets revaluation" and is
                “Penghasilan komprehensif lain”. Penurunan                           presented as "Other comprehensive income".
                nilai tercatat yang timbul dari revaluasi dicatat                    Any impairment arising from the revaluation is
                sebagai beban pada tahun berjalan. Apabila                           recorded as expense of the current year. If the
                aset tersebut memiliki saldo “Selisih bersih                         asset had a balance of "Net differences in fixed
                revaluasi aset tetap” yang disajikan sebagai                         assets revaluation" that is presented as "other
                “penghasilan komprehensif lain”, maka selisih                        comprehensive income", then the impairment
                penurunan nilai tercatat tersebut dibebankan                         difference recorded is charged against "Net
                terhadap “Selisih bersih revaluasi aset tetap”                       differences in fixed assets revaluation" and the
                dan sisanya diakui sebagai beban tahun                               rest is recognised as expense of the current
                berjalan.                                                            year.

                Grup melakukan revaluasi di tahun 2016                               Group conducted revaluation in 2016, for
                untuk tujuan akuntansi dan pajak dimana                              accounting and tax purposes where the Group
                entitas memperoleh persetujuan dari otoritas                         obtained approval from the tax authorities. The
                perpajakan. Jumlah pajak yang telah dibayar                          amount of taxes paid is recognised in other
                diakui di penghasilan komprehensif lain dan                          comprehensive income and accumulated in
                terakumulasi dalam ekuitas dan di-offset                             equity and offset against Net differences in
                pada bagian selisih bersih revaluasi aset                            fixed assets revaluation.
                tetap.

                Aset tetap, kecuali tanah, dinyatakan sebesar                        Fixed assets except for land are stated at cost
                biaya    perolehan     dikurangi    akumulasi                        less accumulated depreciation and impairment
                penyusutan dan penyisihan penurunan nilai.                           losses. Such cost includes the cost of replacing
                Biaya perolehan termasuk biaya penggantian                           part of the fixed assets when that cost is
                bagian aset tetap saat biaya tersebut terjadi,                       incurred, if the recognition criteria are met.
                jika memenuhi kriteria pengakuan aset tetap.




                                                                122
Page 1137
                                                                                               The original consolidated financial statements
                                                                                             included herein are in the Indonesian language.

            PT BANK MANDIRI (PERSERO) Tbk                                              PT BANK MANDIRI (PERSERO) Tbk
                DAN ENTITAS ANAKNYA                                                          AND ITS SUBSIDIARIES
          CATATAN ATAS LAPORAN KEUANGAN                                                 NOTES TO THE CONSOLIDATED
                     KONSOLIDASIAN                                                          FINANCIAL STATEMENTS
           Tanggal 31 Desember 2025 dan untuk                                            As of 31 December 2025 and for
          Tahun Berakhir pada Tanggal Tersebut                                              for the Year Then Ended
             (Disajikan dalam jutaan Rupiah,                                            (Expressed in millions of Rupiah,
                 kecuali dinyatakan lain)                                                   unless otherwise stated)

2.   INFORMASI KEBIJAKAN AKUNTANSI MATERIAL                          2.   MATERIAL ACCOUNTING POLICY INFORMATION
     (lanjutan)                                                           (continued)

     r.    Aset tetap, aset dan liabilitas sewa dan aset                  r.     Fixed assets, leased assets and liabilities, and
           takberwujud (lanjutan)                                                intangible assets (continued)

            i.   Aset tetap dan perangkat lunak (lanjutan)                       i.     Fixed assets and software (continued)

                 Selanjutnya, pada saat inspeksi yang                                   Likewise, when a major inspection is
                 signifikan dilakukan, biaya inspeksi itu diakui                        performed, its cost is recognised in the carrying
                 ke dalam jumlah tercatat (carrying amount)                             amount         of     the    fixed   assets    as
                 aset tetap sebagai suatu penggantian jika                              a replacement if the recognition criteria are
                 memenuhi kriteria pengakuan. Semua biaya                               fulfilled. All other repair and maintenance costs
                 pemeliharaan dan perbaikan yang tidak                                  that do not have future economic benefit are
                 memenuhi kriteria pengakuan diakui dalam                               recognised in the consolidated statement of
                 laporan     laba   rugi   dan    penghasilan                           profit or loss and other comprehensive incomes
                 komprehensif lain konsolidasian pada saat                              as incurred. Software is recognised as
                 terjadinya. Perangkat lunak diakui sebagai                             intangible assets.
                 aset takberwujud.

                 Penyusutan dan amortisasi dihitung dengan                              Depreciation and amortization are calculated
                 menggunakan metode garis lurus selama                                  using the straight-line method over the
                 umur manfaat ekonomis aset tetap dan aset                              estimated useful life of fixed assets and
                 takberwujud yang diestimasi. Estimasi umur                             intangible assets. The estimated useful life and
                 manfaat     ekonomis    dan     persentase                             percentage of depreciation and amortization
                 penyusutan dan amortisasi per tahun adalah                             per annum are as follows:
                 sebagai berikut:
                                                      Tahun/                   Persentase/
                                                      Years                    Percentage

                 Bangunan                                          20                        5%                                Buildings
                 Perlengkapan, peralatan                                                                   Furniture and fixtures, office
                   kantor, komputer dan                                                                    equipment, computer and
                   kendaraan bermotor                              4-5                20% - 25%                               vehicles
                 Perangkat lunak                                     5                      20%                                Software

                 Jumlah tercatat aset tetap dihentikan                                  Fixed assets are derecognised upon disposal
                 pengakuannya pada saat dilepaskan atau                                 or when no future economic benefits are
                 saat tidak ada manfaat ekonomis masa                                   expected from their use or disposal. Any gain
                 depan yang diharapkan dari penggunaan                                  or loss arising from the derecognition of the
                 atau pelepasannya. Laba atau rugi yang                                 fixed asset (calculated as the difference
                 timbul dari penghentian pengakuan aset tetap                           between the net disposal proceeds and the
                 (dihitung sebagai perbedaan antara jumlah                              carrying amount of the fixed asset) is included
                 neto hasil pelepasan dan jumlah tercatat dari                          in the consolidated statement of profit or loss
                 aset tetap) dimasukkan dalam laporan laba                              and other comprehensive income in the year
                 rugi dan penghasilan komprehensif lain                                 which the fixed asset is derecognised.
                 konsolidasian pada tahun berjalan aset tetap
                 tersebut dihentikan pengakuannya.
                 Pada setiap akhir tahun buku, nilai residu,                            The fixed asset’s residual values, useful life
                 umur manfaat ekonomis dan metode                                       and methods of depreciation are reviewed, and
                 penyusutan dikaji ulang dan jika tidak sesuai                          adjusted prospectively if appropriate at the end
                 dengan keadaan akan disesuaikan secara                                 of each financial year.
                 prospektif.

                 Aset tetap dalam pembangunan dinyatakan                                Construction in progress of fixed asset is stated
                 sebesar biaya perolehan dan disajikan                                  at cost and presented as part of fixed assets.
                 sebagai bagian dari aset tetap. Ketika aset                            Accumulated costs are reclassified to the
                 dalam pembangunan telah selesai dan siap                               appropriate fixed assets account when the
                 digunakan, akumulasi biaya perolehan                                   assets are substantially complete and ready for
                 direklasifikasikan ke akun aset tetap yang                             their intended use.
                 sebenarnya.

                                                               123
Page 1138
                                                                                             The original consolidated financial statements
                                                                                           included herein are in the Indonesian language.

            PT BANK MANDIRI (PERSERO) Tbk                                             PT BANK MANDIRI (PERSERO) Tbk
                DAN ENTITAS ANAKNYA                                                         AND ITS SUBSIDIARIES
          CATATAN ATAS LAPORAN KEUANGAN                                                NOTES TO THE CONSOLIDATED
                     KONSOLIDASIAN                                                         FINANCIAL STATEMENTS
           Tanggal 31 Desember 2025 dan untuk                                           As of 31 December 2025 and for
          Tahun Berakhir pada Tanggal Tersebut                                             for the Year Then Ended
             (Disajikan dalam jutaan Rupiah,                                           (Expressed in millions of Rupiah,
                 kecuali dinyatakan lain)                                                  unless otherwise stated)

2.   INFORMASI KEBIJAKAN AKUNTANSI MATERIAL                           2.   MATERIAL ACCOUNTING POLICY INFORMATION
     (lanjutan)                                                            (continued)

     r.    Aset tetap, aset dan liabilitas sewa dan aset                   r.   Fixed assets, leased assets and liabilities, and
           takberwujud (lanjutan)                                               intangible assets (continued)

            i. Aset tetap dan perangkat lunak (lanjutan)                        i.    Fixed assets and software (continued)

                 Sesuai dengan PSAK 216 “Aset Tetap”, biaya                           In accordance with SFAS 216 "Fixed Assets",
                 perolehan hak atas tanah dalam bentuk hak                            the cost of land rights in the form of right to
                 guna usaha, hak guna bangunan dan hak                                cultivate, right to build and use rights are
                 pakai diakui sebagai aset tetap. Biaya                               recognised as fixed assets. The acquisition
                 perolehan tersebut merupakan biaya yang                              cost is the cost that are directly attributable to
                 dapat diatribusikan secara langsung untuk                            obtain land rights, including the cost of legal
                 memperoleh hak atas tanah tersebut                                   rights to the land when the land was first
                 termasuk biaya pengurusan legal hak atas                             acquired.
                 tanah ketika tanah diperoleh pertama kali.

                 Hak atas tanah dalam bentuk hak guna                                 Land rights in the form of right to cultivate, right
                 usaha, hak guna bangunan dan hak pakai                               to build and use rights are not amortised,
                 tidak disusutkan, kecuali terdapat bukti yang                        unless there is evidence to indicate that the
                 mengindikasikan bahwa perpanjangan atau                              extension or renewal of land rights is likely to or
                 pembaruan hak atas tanah tersebut                                    definitely not obtained.
                 kemungkinan besar atau pasti tidak
                 diperoleh.

                 PSAK       236     “Penurunan      Nilai   Aset”                     SFAS 236 “Impairment of Assets” requires that
                 mensyaratkan bahwa nilai tercatat aset tetap                         the carrying amounts of fixed assets are
                 dikaji ulang setiap tanggal laporan posisi                           reviewed at each consolidated statement of
                 keuangan konsolidasian untuk menilai                                 financial position date to assess whether they
                 apakah aset tetap tersebut nilai tercatatnya                         are recorded in excess of their recoverable
                 lebih tinggi dari nilai terpulihkan (recoverable                     amounts of the fixed assets. If the carrying
                 amounts) dari aset tetap tersebut. Jika nilai                        value exceeds this estimated recoverable
                 tercatat aset tetap melebihi taksiran nilai                          amount, assets are written down to their
                 terpulihkan dari aset tetap tersebut, nilai                          recoverable amounts of the fixed assets.
                 tercatat aset tetap harus diturunkan menjadi
                 nilai terpulihkan dari aset tetap tersebut.

           ii.   Aset dan liabilitas sewa                                       ii.   Leased assets and liabilities

                 Grup telah menerapkan PSAK 116 “Sewa”                                The Group has implemented SFAS 116
                 sejak tanggal 1 Januari 2020.                                        “Lease” since 1 January 2020.

                 PSAK 116 menerapkan persyaratan baru                                 SFAS 116 applies new or amended
                 atau amendemen sehubungan dengan                                     requirements with respect to lease accounting.
                 akuntansi sewa. Standar ini memperkenalkan                           This standard introduces significant changes to
                 perubahan signifikan untuk akuntansi                                 lessee accounting by eliminating the distinction
                 penyewa dengan menghapus perbedaan                                   between operating and financing leases, and
                 antara sewa operasi dan pembiayaan, serta                            requires recognition of right-of-use assets and
                 mensyaratkan pengakuan aset hak guna dan                             recognition of lease liabilities at lease inception
                 pengakuan liabilitas sewa pada saat                                  for all leases, except for short-term leases and
                 dimulainya sewa untuk seluruh sewa, kecuali                          leases of low-value assets. In contrast to
                 untuk sewa jangka pendek dan sewa aset                               lessee accounting, the requirements for lessor
                 bernilai rendah. Berbeda dengan akuntansi                            accounting are mostly unchanged.
                 penyewa, persyaratan untuk akuntansi
                 pesewa sebagian besar tidak berubah.




                                                                124
Page 1139
                                                                                             The original consolidated financial statements
                                                                                           included herein are in the Indonesian language.

            PT BANK MANDIRI (PERSERO) Tbk                                             PT BANK MANDIRI (PERSERO) Tbk
                DAN ENTITAS ANAKNYA                                                         AND ITS SUBSIDIARIES
          CATATAN ATAS LAPORAN KEUANGAN                                                NOTES TO THE CONSOLIDATED
                     KONSOLIDASIAN                                                         FINANCIAL STATEMENTS
           Tanggal 31 Desember 2025 dan untuk                                           As of 31 December 2025 and for
          Tahun Berakhir pada Tanggal Tersebut                                             for the Year Then Ended
             (Disajikan dalam jutaan Rupiah,                                           (Expressed in millions of Rupiah,
                 kecuali dinyatakan lain)                                                  unless otherwise stated)

2.   INFORMASI KEBIJAKAN AKUNTANSI MATERIAL                           2.   MATERIAL ACCOUNTING POLICY INFORMATION
     (lanjutan)                                                            (continued)

     r.    Aset tetap, aset dan liabilitas sewa dan aset                   r.   Fixed assets, leased assets and liabilities, and
           takberwujud (lanjutan)                                               intangible assets (continued)

           ii.   Aset dan liabilitas sewa (lanjutan)                            ii.   Leased assets and liabilities (continued)

                 PSAK 116 menentukan apakah kontrak                                   SFAS 116 determines whether a contract is, or
                 merupakan, atau mengandung sewa atas                                 contains a lease on the basis that the lessee
                 dasar jika penyewa memiliki hak untuk                                has the right to control the use of the asset for
                 mengendalikan penggunaan aset selama                                 a specified period of time in exchange for
                 suatu    jangka   waktu    tertentu untuk                            certain consideration.
                 dipertukarkan dengan imbalan.

                 Grup menggunakan tingkat diskonto tunggal                            The Group uses a single discount rate for lease
                 untuk portofolio sewa dengan karakteristik                           portfolios with similar characteristics.
                 yang hampir sama.

                 Grup menerapkan pendekatan pengakuan                                 The Group applies a single recognition and
                 dan pengukuran tunggal untuk seluruh sewa,                           measurement approach to all leases, except for
                 kecuali untuk sewa jangka pendek dan sewa                            short-term leases and low-value asset leases.
                 aset bernilai rendah. Grup mengakui liabilitas                       The Group recognises a lease liabilities to
                 sewa untuk melakukan pembayaran sewa                                 make lease payments and rights of use assets
                 dan aset hak guna yang mewakili hak untuk                            that represent the right to use the underlying
                 menggunakan aset pendasar.                                           asset.

                 Grup mengakui aset hak guna pada tanggal                             The Group recognised the rights of use assets
                 dimulainya sewa. Aset hak guna diukur pada                           at the inception date of the lease. The rights of
                 biaya perolehan, dikurangi akumulasi                                 use assets are measured at cost, less
                 penyusutan dan kerugian penurunan nilai,                             accumulated depreciation and impairment
                 dan disesuaikan untuk setiap pengukuran                              losses, and adjusted for any remeasurement of
                 kembali liabilitas sewa. Liabilitas sewa                             the lease liabilities. Lease liabilities are the
                 merupakan jumlah pembayaran sewa yang                                amount of lease payments accrued until the
                 masih harus dibayar hingga akhir masa sewa                           end of the lease term, discounted using the
                 yang didiskontokan dengan menggunakan                                incremental loan interest rate. The cost of right
                 suku bunga pinjaman inkremental. Biaya aset                          of use assets includes the amount of lease
                 hak guna mencakup jumlah liabilitas sewa                             liability recognised, initial direct costs paid,
                 yang diakui, biaya langsung awal yang                                recovery costs and lease payments made on or
                 dibayarkan,     biaya     pemulihan    dan                           before the start date of the lease less lease
                 pembayaran sewa yang dilakukan pada atau                             incentives received. Rights of use assets are
                 sebelum tanggal mulai sewa dikurangi                                 depreciated using the straight-line method over
                 insentif sewa yang diterima. Aset hak guna                           the shorter period between the lease term and
                 disusutkan dengan metode garis lurus                                 the estimated useful life of the asset, as follows:
                 selama jangka waktu yang lebih pendek
                 antara masa sewa dengan estimasi masa
                 manfaat aset, sebagai berikut:

                 -   Bangunan                                     : 20 tahun/years                                     Buildings       -
                 -   Mesin kantor                                 : 5 tahun/years                               Office machines        -
                 -   Komputer perangkat keras                     : 5 tahun/years                           Computer hardware          -
                 -   Komputer perangkat lunak                     : 5 tahun/years                            Computer software         -
                 -   Inventaris kantor                            : 5 tahun/years                              Office equipment        -
                 -   Inventaris rumah dinas dan mess              : 5 tahun/years        Equipment of official houses and mess         -
                 -   Kendaraan bermotor                           : 5 tahun/years                                  Motor vehicle       -




                                                              125
Page 1140
                                                                                           The original consolidated financial statements
                                                                                         included herein are in the Indonesian language.

            PT BANK MANDIRI (PERSERO) Tbk                                           PT BANK MANDIRI (PERSERO) Tbk
                DAN ENTITAS ANAKNYA                                                       AND ITS SUBSIDIARIES
          CATATAN ATAS LAPORAN KEUANGAN                                              NOTES TO THE CONSOLIDATED
                     KONSOLIDASIAN                                                       FINANCIAL STATEMENTS
           Tanggal 31 Desember 2025 dan untuk                                         As of 31 December 2025 and for
          Tahun Berakhir pada Tanggal Tersebut                                           for the Year Then Ended
             (Disajikan dalam jutaan Rupiah,                                         (Expressed in millions of Rupiah,
                 kecuali dinyatakan lain)                                                unless otherwise stated)

2.   INFORMASI KEBIJAKAN AKUNTANSI MATERIAL                         2.   MATERIAL ACCOUNTING POLICY INFORMATION
     (lanjutan)                                                          (continued)

     r.    Aset tetap, aset dan liabilitas sewa dan aset                 r.   Fixed assets, leased assets and liabilities, and
           takberwujud (lanjutan)                                             intangible assets (continued)

           ii.   Aset dan liabilitas sewa (lanjutan)                          ii.   Leased assets and liabilities (continued)

                 Jika kepemilikan aset sewa dialihkan ke Grup                       If the ownership of the leased asset is
                 pada akhir masa sewa atau pembayaran                               transferred to the Group at the end of the lease
                 sewa mencerminkan pelaksanaan opsi                                 term or the lease payments reflect the exercise
                 pembelian,        penyusutan         dihitung                      of the purchase option, depreciation is
                 menggunakan estimasi masa manfaat                                  calculated using the estimated useful life of the
                 ekonomis aset. Aset hak guna diuji                                 asset. Rights of use assets are assessed for
                 penurunan nilainya sesuai dengan PSAK 236                          impairment in accordance with SFAS
                 “Penurunan Nilai Aset”.                                            236 “Impairment of Assets”.

                 Pada tanggal dimulainya sewa, Grup                                 At the inception date of the lease, the Group
                 mengakui liabilitas sewa yang diukur pada                          recognises lease liabilities which measured at
                 nilai kini dari pembayaran sewa masa depan                         the present value of future lease payments to
                 yang akan dilakukan selama masa sewa.                              be made over the lease term. Lease payments
                 Pembayaran sewa termasuk pembayaran                                include fixed payments (including substantially
                 tetap (termasuk pembayaran tetap secara-                           fixed payments) less lease incentive
                 substansi) dikurangi piutang insentif sewa,                        receivables, variable lease payments that are
                 pembayaran sewa variabel yang bergantung                           index or interest rate dependent, and the
                 pada indeks atau suku bunga, dan jumlah                            amount expected to be paid in a residual value
                 yang diharapkan akan dibayar dalam jaminan                         guarantee. Lease payments also include the
                 nilai residu. Pembayaran sewa juga termasuk                        reasonable exercise price for the purchase
                 harga eksekusi opsi pembelian yang wajar                           option if it is determined to be made by the
                 jika dipastikan akan dilakukan oleh Grup dan                       Group and the payment of a penalty to
                 pembayaran penalti untuk mengakhiri sewa,                          terminate the lease, if the lease term reflects
                 jika jangka waktu sewa mencerminkan Grup                           the Group exercising the lease termination
                 mengeksekusi opsi penghentian sewa.                                option. Variable lease payments that are not
                 Pembayaran sewa variabel yang tidak                                dependent on an index or interest rate are
                 bergantung pada indeks atau suku bunga                             recognised as an expense in the period in
                 diakui sebagai beban pada periode di mana                          which the event or condition that triggers the
                 peristiwa atau kondisi yang memicu                                 payment occurs.
                 pembayaran terjadi.

                 Dalam menghitung nilai kini dari pembayaran                        In calculating the present value of lease
                 sewa, Grup menggunakan suku bunga                                  payments, the Group uses the incremental loan
                 pinjaman inkremental penyewa pada tanggal                          interest rate of the lessee at the inception date
                 dimulainya sewa karena suku bunga implisit                         of the lease because the interest rate implicit in
                 dalam sewa tidak dapat ditentukan. Setelah                         the lease cannot be determined. After the
                 tanggal dimulainya sewa, jumlah liabilitas                         inception date of the lease, the amount of the
                 sewa ditingkatkan untuk mencerminkan                               lease liability is increased to reflect the increase
                 pertambahan        bunga      dan    dikurangi                     in interest and less lease payments made. In
                 pembayaran sewa yang dilakukan. Selain itu,                        addition, the carrying amount of the lease
                 jumlah tercatat liabilitas sewa diukur kembali                     liability is remeasured if there are modifications,
                 jika terdapat modifikasi, perubahan jangka                         changes in the term of the lease, changes in
                 waktu sewa, perubahan pembayaran sewa,                             lease payments, or changes in the valuation of
                 atau perubahan dalam penilaian opsi untuk                          the option to purchase the underlying asset.
                 membeli aset pendasar.




                                                              126
Page 1141
                                                                                            The original consolidated financial statements
                                                                                          included herein are in the Indonesian language.

            PT BANK MANDIRI (PERSERO) Tbk                                            PT BANK MANDIRI (PERSERO) Tbk
                DAN ENTITAS ANAKNYA                                                        AND ITS SUBSIDIARIES
          CATATAN ATAS LAPORAN KEUANGAN                                               NOTES TO THE CONSOLIDATED
                     KONSOLIDASIAN                                                        FINANCIAL STATEMENTS
           Tanggal 31 Desember 2025 dan untuk                                          As of 31 December 2025 and for
          Tahun Berakhir pada Tanggal Tersebut                                            for the Year Then Ended
             (Disajikan dalam jutaan Rupiah,                                          (Expressed in millions of Rupiah,
                 kecuali dinyatakan lain)                                                 unless otherwise stated)

2.   INFORMASI KEBIJAKAN AKUNTANSI MATERIAL                          2.   MATERIAL ACCOUNTING POLICY INFORMATION
     (lanjutan)                                                           (continued)

     r.    Aset tetap, aset dan liabilitas sewa dan aset                  r.   Fixed assets, leased assets and liabilities, and
           takberwujud (lanjutan)                                              intangible assets (continued)

           ii.   Aset dan liabilitas sewa (lanjutan)                           ii.   Leased assets and liabilities (continued)

                 Sewa jangka pendek dengan durasi kurang                             Short-term leases with a duration of less than
                 dari 12 bulan dan sewa aset bernilai rendah,                        12 months and leases of low value assets, as
                 serta    elemen-elemen    sewa     tersebut,                        well as elements of such leases, partially or
                 sebagian atau seluruhnya tidak menerapkan                           wholly do not apply the recognition principles
                 prinsip-prinsip pengakuan yang ditentukan                           prescribed by SFAS 116. The Group will
                 oleh PSAK 116. Grup akan mengakui                                   recognise the lease payment on a straight-line
                 pembayaran sewa tersebut dengan dasar                               basis over the lease term in the consolidated
                 garis lurus selama masa sewa dalam laporan                          statement of profit or loss and other
                 laba rugi dan penghasilan komprehensif lain                         comprehensive income. This expense is shown
                 konsolidasian. Beban ini ditunjukkan pada                           under general and administrative expenses in
                 beban umum dan administrasi dalam laporan                           the income statement.
                 laba rugi.

                 Penerapan pencatatan PSAK 116 berlaku                               The implementation of SFAS 116 payment
                 untuk seluruh sewa (kecuali sebagaimana                             applies to all leases (except as stated earlier),
                 yang disebutkan sebelumnya), yaitu sebagai                          as follows:
                 berikut:
                 (a) Menyajikan aset hak-guna sebagai                                (a) Present right of use assets as part of fixed
                      bagian dari aset tetap dan liabilitas sewa                         assets and leased liabilities are presented
                      disajikan sebagai bagian dari liabilitas                           as part of other liabilities in the
                      lain-lain dalam laporan posisi keuangan                            consolidated statement of financial
                      konsolidasian, yang diukur pada nilai kini                         position, measured at the present value of
                      dari pembayaran sewa masa depan;                                   future lease payments;
                 (b) Mencatat penyusutan aset hak-guna dan                           (b) Record the depreciation of right of use
                      bunga atas liabilitas sewa dalam laporan                           assets and the interest of lease liability in
                      laba rugi dan penghasilan komprehensif                             the consolidated statement of profit or loss
                      lain konsolidasian; dan                                            and other comprehensive income; and
                 (c) Memisahkan jumlah pembayaran ke                                 (c) Separating the total payment into principal
                      bagian pokok (disajikan dalam kegiatan                             (presented in financing activities) and
                      pendanaan) dan bunga (disajikan dalam                              interest (presented in operating activities)
                      kegiatan operasional) dalam laporan                                in the consolidated statement of cash
                      arus kas konsolidasian.                                            flows.

           iii. Aset takberwujud                                               iii. Intangible assets

                 Aset takberwujud terdiri dari perangkat lunak                       Intangible assets consist of software and
                 dan goodwill.                                                       goodwill.

                 Perangkat lunak yang dibeli oleh Bank dan                           Software purchased by the Bank and
                 Entitas Anak dicatat sebesar biaya perolehan                        Subsidiaries is recorded at cost less
                 dikurangi    akumulasi     amortisasi    dan                        accumulated amortization and accumulated
                 akumulasi kerugian penurunan nilai. Metode                          impairment losses. Amortization method,
                 amortisasi, estimasi masa manfaat dan nilai                         estimated useful life and residual value are
                 residual ditelaah pada setiap akhir tahun                           reviewed at end of reporting period and
                 pelaporan dan disesuaikan jika diperlukan.                          adjusted if necessary.




                                                               127
Page 1142
                                                                                         The original consolidated financial statements
                                                                                       included herein are in the Indonesian language.

            PT BANK MANDIRI (PERSERO) Tbk                                       PT BANK MANDIRI (PERSERO) Tbk
                DAN ENTITAS ANAKNYA                                                   AND ITS SUBSIDIARIES
          CATATAN ATAS LAPORAN KEUANGAN                                          NOTES TO THE CONSOLIDATED
                     KONSOLIDASIAN                                                   FINANCIAL STATEMENTS
           Tanggal 31 Desember 2025 dan untuk                                     As of 31 December 2025 and for
          Tahun Berakhir pada Tanggal Tersebut                                       for the Year Then Ended
             (Disajikan dalam jutaan Rupiah,                                     (Expressed in millions of Rupiah,
                 kecuali dinyatakan lain)                                            unless otherwise stated)

2.   INFORMASI KEBIJAKAN AKUNTANSI MATERIAL                        2.   MATERIAL ACCOUNTING POLICY INFORMATION
     (lanjutan)                                                         (continued)

     r.    Aset tetap, aset dan liabilitas sewa dan aset                r.   Fixed assets, leased assets and liabilities, and
           takberwujud (lanjutan)                                            intangible assets (continued)

           iii. Aset takberwujud (lanjutan)                                  iii. Intangible assets (continued)

               Goodwill diakui apabila terdapat selisih lebih                    Goodwill is recognised when there is
               antara harga perolehan dan bagian Bank                            a positive difference between the acquisition
               Mandiri atas nilai wajar aset dan liabilitas                      cost and the Bank Mandiri’s portion of the fair
               yang dapat diidentifikasi pada tanggal akuisisi                   value of identified assets and liabilities at the
               dan disajikan sebagai aset lain-lain. Bank                        acquisition date. Goodwill is presented as other
               melakukan evaluasi penurunan nilainya                             assets. The Bank conducts an assessment of
               secara berkala.                                                   goodwill impairment regularly.

     s.    Penyertaan saham                                             s.   Investments in shares

           Penyertaan saham terdiri dari investasi jangka                    Investments in shares represent long-term
           panjang terutama pada perusahaan non-publik                       investments mostly in non-publicly-listed companies
           dan penyertaan sementara hasil restrukturisasi                    and temporary investments from loan restructuring
           kredit pada perusahaan debitur yang timbul akibat                 in debtor companies arising from conversion of
           konversi kredit yang diberikan.                                   loans.

           Penyertaan saham untuk tujuan investasi dengan                    Investments in shares under 20% and with no
           kepemilikan di bawah 20% dan tidak terdapat                       significant control are financial assets classified as
           pengaruh signifikan merupakan aset keuangan                       fair value through profit/loss or amortised cost.
           yang diklasifikasikan sebagai nilai wajar melalui                 Refer to Note 2c for the accounting policy for fair
           laba rugi atau biaya perolehan diamortisasi. Lihat                value through profit/loss or amortised cost.
           Catatan 2c untuk kebijakan akuntansi atas nilai
           wajar melalui laba rugi dan biaya perolehan
           diamortisasi.

           Penyertaan sementara akan dihapusbuku dari                        Temporary investment is written-off from the
           laporan posisi keuangan konsolidasian apabila                     consolidated statement of financial position if it has
           telah melampaui jangka waktu 5 tahun sesuai                       exceeded the 5 year period in accordance with
           dengan Peraturan Otoritas Jasa Keuangan                           Financial Services Authority Regulation (POJK)
           (POJK)     No.    40/POJK.03/2019     tanggal                     No. 40/POJK.03/2019 dated 19 December 2019
           19 Desember 2019 tentang Penilaian Kualitas                       concerning Asset Quality Assessment of
           Aset Bank Umum.                                                   Commercial Banks.

           Penyertaan saham untuk tujuan investasi dengan                    Investments in shares for investment purposes with
           kepemilikan saham sebesar 20% atau lebih dan                      a share ownership of 20% or more and with
           terdapat pengaruh signifikan merupakan investasi                  significant influence are investments in associates.
           pada entitas asosiasi. Investasi Bank Mandiri                     Bank Mandiri’s investment in associates is
           pada     entitas   asosiasi    diukur    dengan                   measured at equity method. The initial recognition
           menggunakan metode ekuitas. Pengakuan awal                        of investment in associates is recognised at cost of
           investasi pada entitas asosiasi diakui sebesar                    acquisition. The carrying amount of the investment
           biaya perolehan. Jumlah tercatat pada investasi                   in associates is adjusted to recognize Bank
           pada entitas asosiasi ditambah atau dikurangkan                   Mandiri's share of profit or loss, receipt of
           untuk mengakui bagian Bank Mandiri atas laba                      distributions, and changes directly recognise in the
           rugi, penerimaan distribusi, perubahan yang                       equity of the associates after the acquisition date.
           diakui langsung pada ekuitas entitas asosiasi
           setelah tanggal perolehan.

     t.    Cadangan kerugian penurunan nilai aset non-                  t.   Allowance for possible losses on non-earning
           produktif                                                         assets

           Aset non-produktif adalah aset Bank Mandiri dan                   Non-earning assets of Bank Mandiri and the
           Entitas Anak, antara lain dalam bentuk agunan                     Subsidiaries consist of repossessed assets,
           yang diambil alih, properti terbengkalai, rekening                abandoned properties, inter-office accounts and
           antar kantor dan suspense account.                                suspense accounts.


                                                             128
Page 1143
                                                                                        The original consolidated financial statements
                                                                                      included herein are in the Indonesian language.

            PT BANK MANDIRI (PERSERO) Tbk                                      PT BANK MANDIRI (PERSERO) Tbk
                DAN ENTITAS ANAKNYA                                                  AND ITS SUBSIDIARIES
          CATATAN ATAS LAPORAN KEUANGAN                                         NOTES TO THE CONSOLIDATED
                     KONSOLIDASIAN                                                  FINANCIAL STATEMENTS
           Tanggal 31 Desember 2025 dan untuk                                    As of 31 December 2025 and for
          Tahun Berakhir pada Tanggal Tersebut                                      for the Year Then Ended
             (Disajikan dalam jutaan Rupiah,                                    (Expressed in millions of Rupiah,
                 kecuali dinyatakan lain)                                           unless otherwise stated)

2.   INFORMASI KEBIJAKAN AKUNTANSI MATERIAL                       2.   MATERIAL ACCOUNTING POLICY INFORMATION
     (lanjutan)                                                        (continued)

     t.    Cadangan kerugian penurunan nilai aset non-                 t.   Allowance for possible losses on non-earning
           produktif (lanjutan)                                             assets (continued)

           Grup membentuk cadangan kerugian penurunan                       The Group provides an allowance for impairment of
           nilai atas agunan yang diambil alih dan properti                 repossessed assets and abandoned property equal
           terbengkalai sebesar selisih antara nilai tercatat               to the difference between the asset’s carrying
           dan nilai wajar setelah dikurangi biaya untuk                    amount and its fair value less costs to sell. As for the
           menjual. Sedangkan untuk rekening antar kantor                   inter-office account and suspense account, the
           dan suspense account, adalah sebesar selisih                     allowance is equivalent to difference between the
           antara nilai tercatat dan nilai pemulihan.                       carrying value and the recovery value.

     u.    Tagihan dan liabilitas akseptasi                            u.   Acceptance receivables and payables

           Tagihan akseptasi diklasifikasikan sebagai aset                  Acceptance receivables are classified as financial
           keuangan dalam kelompok biaya perolehan                          assets at amortised cost. Refer to Note 2c for the
           diamortisasi. Lihat Catatan 2c untuk kebijakan                   accounting policy of financial assets for financial
           akuntansi atas aset keuangan dalam kelompok                      assets at amortised cost.
           biaya perolehan diamortisasi.

           Liabilitas akseptasi diklasifikasikan sebagai                    Acceptance payables are classified as financial
           liabilitas keuangan yang diukur dengan biaya                     liabilities at amortised cost. Refer to Note 2c for the
           perolehan diamortisasi. Lihat Catatan 2c untuk                   accounting policy for financial liabilities at amortised
           kebijakan akuntansi atas liabilitas keuangan yang                cost.
           diukur dengan biaya perolehan diamortisasi.

     v.    Aset lain-lain                                              v.   Other assets

           Aset lain-lain antara lain terdiri dari pendapatan               Other assets include accrued income for interest,
           bunga dan provisi dan komisi yang masih akan                     provision     and      commissions,     receivables,
           diterima, tagihan, agunan yang diambil alih,                     repossessed assets, abandonded properties, ijarah
           properti terbengkalai, piutang ijarah, rekening                  receivables, inter-office accounts and others.
           antar kantor dan lain-lain.

           Tagihan terdiri dari tagihan atas obligasi                       Receivables     consist  of    receivables    from
           pemerintah yang diagunkan Bank Mandiri, tagihan                  government bonds pledged by the Bank, mutual
           Entitas Anak atas tagihan reksa dana dan tagihan                 fund receivables from Subsidiaries and receivables
           kepada pemegang polis.                                           from policyholders.

           Agunan yang diambil alih (“AYDA”) adalah aset                    Repossessed assets represent assets acquired by
           yang diperoleh Bank Mandiri dan Entitas Anak,                    Bank Mandiri and its Subsidiaries, both from auction
           baik melalui pelelangan maupun di luar                           and non auction based on voluntary transfer by the
           pelelangan berdasarkan penyerahan secara                         debtor or based on debtor’s approval to sell the
           sukarela oleh pemilik agunan atau berdasarkan                    collateral not through auction when the debtor do
           kuasa untuk menjual di luar lelang dari pemilik                  not fulfill their obligations to Bank Mandiri and
           agunan dalam hal debitur tidak memenuhi                          Subsidiaries. Repossessed assets represent loan
           liabilitasnya kepada Bank Mandiri dan Entitas                    collateral that were taken over as part of loans
           Anak. AYDA merupakan agunan kredit yang                          settlement and presented in “Other assets”.
           diberikan yang telah diambil alih sebagai bagian
           dari penyelesaian kredit yang diberikan dan
           disajikan pada “Aset lain-lain”.

           Aset yang tidak digunakan (properti terbengkalai)                Abandoned properties represent Bank and
           adalah aset dalam bentuk properti yang dimiliki                  Subsidiaries’ fixed assets in the form of properties
           Bank Mandiri dan Entitas Anak, dimana bagian                     which majority part of the property were not used for
           properti tersebut secara mayoritas tidak                         Bank and Subsidiaries’ business operational
           digunakan untuk kegiatan usaha operasional                       activity.
           Bank Mandiri dan Entitas Anak.



                                                            129
Page 1144
                                                                                          The original consolidated financial statements
                                                                                        included herein are in the Indonesian language.

            PT BANK MANDIRI (PERSERO) Tbk                                        PT BANK MANDIRI (PERSERO) Tbk
                DAN ENTITAS ANAKNYA                                                    AND ITS SUBSIDIARIES
          CATATAN ATAS LAPORAN KEUANGAN                                           NOTES TO THE CONSOLIDATED
                     KONSOLIDASIAN                                                    FINANCIAL STATEMENTS
           Tanggal 31 Desember 2025 dan untuk                                      As of 31 December 2025 and for
          Tahun Berakhir pada Tanggal Tersebut                                        for the Year Then Ended
             (Disajikan dalam jutaan Rupiah,                                      (Expressed in millions of Rupiah,
                 kecuali dinyatakan lain)                                             unless otherwise stated)

2.   INFORMASI KEBIJAKAN AKUNTANSI MATERIAL                         2.   MATERIAL ACCOUNTING POLICY INFORMATION
     (lanjutan)                                                          (continued)

     v.    Aset lain-lain (lanjutan)                                     v.   Other assets (continued)

           AYDA dan properti terbengkalai disajikan sebesar                   Repossessed assets and abandoned properties are
           nilai bersih yang dapat direalisasi (net realizable                presented at their net realizable values. Net
           value). Nilai bersih yang dapat direalisasi adalah                 realizable value is the fair value of the repossessed
           nilai wajar agunan yang diambil alih dikurangi                     assets less estimated costs to sell the repossessed
           dengan estimasi biaya untuk menjual AYDA                           assets. Differences between the net realizable
           tersebut. Selisih antara nilai bersih yang dapat                   value and the proceeds from disposal of the
           direalisasi dengan hasil penjualan AYDA diakui                     repossessed assets are recognised as current
           sebagai keuntungan atau kerugian pada periode                      year’s gain or loss at the year of disposal.
           berjalan pada saat dijual.

           Ijarah adalah akad pemindahan hak guna                             Ijarah is a contract involving the transfer of right of
           (manfaat) atas suat aset dalam waktu tertentu                      use (benefit) of an asset for a specific period which
           dengan pembayaran sewa (ujrah) tanpa diikuti                       the lessee pays rent (ujrah) without the transfer of
           dengan pemindahan kepemilikan aset itu sendiri.                    ownership of the asset itself. Ijarah muntahiyah
           Ijarah muntahiyah bittamlik adalah penyediaan                      bittamlik is the provision of funds to transfer the right
           dana dalam rangka memindahkan hak guna atau                        of use or benefit of goods or services based on a
           manfaat dari suatu barang atau jasa berdasarkan                    lease transaction with an option to transfer
           transaksi sewa dengan opsi pemindahan                              ownership of the goods to the lessee. The transfer
           kepemilikan      barang      kepada     penyewa.                   of ownership of the leased object to the lessee in
           Perpindahan hak milik objek sewa kepada                            ijarah muntahiyah bittamlik can be executed as
           penyewa dalam ijarah muntahiyah bittamlik dapat                    a grant. Ijarah revenue receivables are recognised
           dilakukan dengan hibah. Piutang pendapatan                         at the due date which equal to the outstanding rent
           ijarah diakui pada saat jatuh tempo sebesar sewa                   amount and presented at the net realisable value,
           yang belum diterima dan disajikan sebesar nilai                    which is the outstanding balance of the receivables.
           bersih yang dapat direalisasikan, yakni sebesar
           saldo piutang.

           Beban-beban       yang      berkaitan     dengan                   Expenses for maintaining repossessed assets and
           pemeliharaan AYDA dan properti terbengkalai                        abandoned properties are recognised in the current
           dibebankan ke laporan laba rugi dan penghasilan                    year’s consolidated statement of profit or loss and
           komprehensif lain konsolidasian periode berjalan                   other comprehensive income as incurred. Any
           pada saat terjadinya. Bila terjadi penurunan nilai                 permanent impairment loss that occurred will be
           yang bersifat permanen, maka nilai tercatatnya                     deducted from the carrying amount and be charged
           dikurangi untuk mengakui penurunan tersebut dan                    to the current year’s consolidated statement of profit
           kerugiannya dibebankan pada laporan laba rugi                      or loss and other comprehensive income. Refer to
           dan penghasilan komprehensif lain konsolidasian                    Note 2t for changes in accounting policy to
           tahun berjalan. Lihat Catatan 2t untuk kebijakan                   determine impairment losses on repossessed
           akuntansi atas penyisihan kerugian AYDA dan                        assets and abandoned properties.
           properti terbengkalai.

     w. Liabilitas segera                                                w. Obligations due immediately

           Liabilitas segera dicatat pada saat timbulnya                      Obligations due immediately are recorded at the
           liabilitas, baik kepada masyarakat maupun                          time the obligations occurred to customers or other
           kepada bank lain. Liabilitas segera diklasifikasikan               banks. Obligations due immediately are classified
           sebagai liabilitas keuangan yang diukur dengan                     as financial liabilities at amortised cost.
           biaya perolehan diamortisasi.

     x.    Simpanan dari nasabah                                         x.   Deposits from customers

           Simpanan dari nasabah adalah dana yang                             Deposits from customers are the funds placed by
           ditempatkan oleh masyarakat (tidak termasuk                        customers (excluding banks) to the Bank and
           bank) kepada Bank dan Entitas Anak yang                            Subsidiaries which operate in banking industry
           bergerak di bidang perbankan berdasarkan                           based on a fund deposit agreement. Included in this
           perjanjian penyimpanan dana. Termasuk dalam                        account are demand deposits, saving deposits, time
           pos ini adalah giro, tabungan, deposito berjangka                  deposits and other similar deposits.
           dan bentuk simpanan lain yang dipersamakan
           dengan itu.
                                                              130
Page 1145
                                                                                         The original consolidated financial statements
                                                                                       included herein are in the Indonesian language.

            PT BANK MANDIRI (PERSERO) Tbk                                       PT BANK MANDIRI (PERSERO) Tbk
                DAN ENTITAS ANAKNYA                                                   AND ITS SUBSIDIARIES
          CATATAN ATAS LAPORAN KEUANGAN                                          NOTES TO THE CONSOLIDATED
                     KONSOLIDASIAN                                                   FINANCIAL STATEMENTS
           Tanggal 31 Desember 2025 dan untuk                                     As of 31 December 2025 and for
          Tahun Berakhir pada Tanggal Tersebut                                       for the Year Then Ended
             (Disajikan dalam jutaan Rupiah,                                     (Expressed in millions of Rupiah,
                 kecuali dinyatakan lain)                                            unless otherwise stated)

2.   INFORMASI KEBIJAKAN AKUNTANSI MATERIAL                        2.   MATERIAL ACCOUNTING POLICY INFORMATION
     (lanjutan)                                                         (continued)

     x.    Simpanan dari nasabah (lanjutan)                             x.   Deposits from customers (continued)

           Giro merupakan simpanan dari nasabah yang                         Demand deposits represent deposits of customers
           dapat digunakan sebagai alat pembayaran, yang                     that may be used as instruments of payment, and
           penarikannya dapat dilakukan setiap saat melalui                  which may be withdrawn at any time by cheque,
           cek, kartu Anjungan Tunai Mandiri (“ATM”), atau                   Automated Teller Machine card (“ATM”) or by
           dengan cara pemindahbukuan dengan bilyet giro                     overbooking through written transfer instruction
           atau sarana perintah pembayaran lainnya.                          (bilyet giro) or other orders of payment or transfers.

           Tabungan merupakan simpanan dari nasabah                          Saving deposits represent deposits of customers
           yang penarikannya hanya dapat dilakukan melalui                   that may only be withdrawn over the counter and via
           counter    dan    ATM     atau    dengan  cara                    ATMs or funds transfers by SMS Banking, Phone
           pemindahbukuan melalui SMS Banking, Phone                         Banking and Internet Banking when certain agreed
           Banking dan Internet Banking jika memenuhi                        conditions are met, but which may not be withdrawn
           persyaratan yang disepakati, tetapi penarikan                     by cheque or other equivalent instruments.
           tidak dapat dilaksanakan dengan menggunakan
           cek atau instrumen setara lainnya.

           Deposito berjangka merupakan simpanan dari                        Time deposits represent customers deposits that
           nasabah yang penarikannya hanya dapat                             may only be withdrawn after a certain time based on
           dilakukan pada waktu tertentu sesuai dengan                       the agreement between the customer and the Bank.
           perjanjian antara nasabah dengan Bank. Deposito                   Time deposits are stated at amortised cost in the
           berjangka dinyatakan sebesar nilai perolehan                      certificates between the Bank and the holders of
           diamortisasi sesuai dengan perjanjian antara                      time deposits.
           pemegang deposito berjangka dengan Bank.

           Termasuk di dalam giro adalah giro dan tabungan                   Included in demand deposits are wadiah demand
           wadiah. Giro wadiah dapat digunakan sebagai                       deposits and wadiah saving deposits. Wadiah
           instrumen pembayaran dan dapat ditarik setiap                     demand deposits can be used as payment
           saat melalui cek dan bilyet giro. Giro wadiah serta               instruments and can be withdrawn at any time using
           tabungan wadiah mendapatkan bonus sesuai                          cheque and written transfer instruction (bilyet giro).
           dengan kebijakan Entitas Anak. Simpanan dari                      Wadiah demand deposits and wadiah saving
           nasabah dalam bentuk giro wadiah dan tabungan                     deposits earn bonus based on Subsidiary’s policy.
           wadiah dinyatakan sebesar liabilitas Entitas Anak.                Wadiah demand deposits and wadiah saving
                                                                             deposits are stated at the Subsidiary’s liability
                                                                             amount.

           Simpanan dari nasabah diklasifikasikan sebagai                    Deposits from customers are classified as financial
           liabilitas keuangan yang diukur dengan biaya                      liabilities at amortised cost. Incremental costs
           perolehan diamortisasi. Biaya tambahan yang                       directly attributable to acquistion of deposits from
           dapat diatribusikan secara langsung dengan                        customers are included in the amount of deposits
           perolehan simpanan dari nasabah diperhitungkan                    and amortised over the expected life of the deposits.
           dalam jumlah simpanan yang diterima dan                           Refer to Note 2c for the accounting policy for
           diamortisasi sepanjang estimasi umur simpanan                     financial liabilities at amortised cost.
           tersebut. Lihat Catatan 2c untuk kebijakan
           akuntansi atas liabilitas keuangan yang diukur
           dengan biaya perolehan diamortisasi.

     y.    Simpanan dari bank lain                                      y.   Deposits from other banks

           Simpanan dari bank lain terdiri dari liabilitas                   Deposits from other banks represent liabilities to
           terhadap bank lain, baik lokal maupun luar negeri,                local or overseas banks, in the form of demand
           dalam bentuk giro, tabungan, inter-bank call                      deposits, saving deposits, interbank call money with
           money dengan periode jatuh tempo menurut                          original maturities of 90 days or less based on
           perjanjian kurang dari atau 90 hari, deposito                     agreement, time deposits and negotiable certificate
           berjangka dan negotiable certificates of deposits.                of deposits. Deposits from other banks are recorded
           Simpanan dari bank lain dicatat sebagai liabilitas                as liability to other banks.
           terhadap bank lain.


                                                             131
Page 1146
                                                                                            The original consolidated financial statements
                                                                                          included herein are in the Indonesian language.

            PT BANK MANDIRI (PERSERO) Tbk                                          PT BANK MANDIRI (PERSERO) Tbk
                DAN ENTITAS ANAKNYA                                                      AND ITS SUBSIDIARIES
          CATATAN ATAS LAPORAN KEUANGAN                                             NOTES TO THE CONSOLIDATED
                     KONSOLIDASIAN                                                      FINANCIAL STATEMENTS
           Tanggal 31 Desember 2025 dan untuk                                        As of 31 December 2025 and for
          Tahun Berakhir pada Tanggal Tersebut                                          for the Year Then Ended
             (Disajikan dalam jutaan Rupiah,                                        (Expressed in millions of Rupiah,
                 kecuali dinyatakan lain)                                               unless otherwise stated)

2.   INFORMASI KEBIJAKAN AKUNTANSI MATERIAL                          2.   MATERIAL ACCOUNTING POLICY INFORMATION
     (lanjutan)                                                           (continued)

     y.    Simpanan dari bank lain (lanjutan)                             y.   Deposits from other banks (continued)

           Di dalam simpanan dari bank lain termasuk                           Included in the deposits from other banks are sharia
           simpanan syariah dalam bentuk giro wadiah.                          deposits in a form of wadiah demand deposits.

           Simpanan dari bank lain diklasifikasikan sebagai                    Deposits from other banks are classified as financial
           liabilitas keuangan yang diukur dengan biaya                        liabilities at amortised cost. Incremental costs
           perolehan diamortisasi. Biaya tambahan yang                         directly attributable to acquisition of deposits from
           dapat diatribusikan secara langsung dengan                          other banks are included in the amount of deposits
           perolehan simpanan diperhitungkan dalam jumlah                      and amortised over the expected life of the deposits.
           simpanan yang diterima dan diamortisasi                             Refer to Note 2c for the accounting policy for
           sepanjang estimasi umur simpanan tersebut. Lihat                    financial liabilities at amortised cost.
           Catatan 2c untuk kebijakan akuntansi atas
           liabilitas keuangan yang diukur dengan biaya
           perolehan diamortisasi.

     z.    Liabilitas kontrak asuransi                                    z.   Insurance contract liabilities

           Kontrak asuransi adalah kontrak yang diterbitkan                    Insurance contract is a contract issued by insurance
           oleh perusahaan asuransi dimana perusahaan                          companies which the insurer accepts significant
           asuransi menerima risiko asuransi yang signifikan                   insurance risk from the policyholders. Significant
           dari pemegang polis. Risiko asuransi yang                           insurance risk is defined as the possibility of paying
           signifikan didefinisikan sebagai kemungkinan                        significantly more benefit to the policyholder upon
           membayar manfaat yang signifikan kepada                             the occurrence of insured event on the risk covered
           tertanggung apabila suatu kejadian atas risiko                      compared to the minimum benefit payable in a
           yang diasuransikan terjadi dibandingkan dengan                      scenario where the insured event on the risk
           manfaat minimum yang akan dibayarkan apabila                        covered does not occur. Scenarios that are
           risiko yang diasuransikan tidak terjadi. Skenario-                  considered are those with commercial substance.
           skenario yang diperhatikan adalah skenario yang
           mengandung unsur komersial.

           Sejak 1 Januari 2025                                                Since 1 January 2025

           Berdasarkan PSAK 117, kontrak asuransi                              Under SFAS 117, insurance contracts are
           dikelompokkan menjadi kelompok-kelompok                             aggregated into groups for measurement purposes.
           untuk tujuan pengukuran. Kelompok kontrak                           Groups of insurance contracts are determined by
           asuransi ditentukan dengan mengidentifikasi                         identifying portfolios of insurance contracts, where
           portofolio kontrak asuransi, di mana setiap                         each portfolio comprise group of contracts with
           portofolio terdiri dari kelompok kontrak dengan                     similar risks which are managed together. The
           risiko yang serupa yang dikelola bersama.                           portfolios are further divided based on the profitability
           Portofolio tersebut dibagi lebih lanjut berdasarkan                 of contracts into three categories: onerous contracts,
           profitabilitas kontrak menjadi tiga kategori: kontrak               contracts with no significant risk of becoming
           yang merugikan, kontrak yang tidak memiliki risiko                  onerous, and the remaining contracts. The insurance
           signifikan untuk menjadi merugikan, dan kontrak                     contracts are also grouped into annual cohorts (i.e.
           yang       tersisa.    Kontrak     asuransi      juga               by year of issue). Portfolios of reinsurance contracts
           dikelompokkan menjadi kohort tahunan (yaitu                         held are assessed for aggregation separately from
           berdasarkan tahun penerbitan). Portofolio kontrak                   portfolios of insurance contracts issued.
           reasuransi yang dimiliki dinilai untuk agregasi
           secara terpisah dari portofolio kontrak asuransi
           yang diterbitkan.

           Kontrak asuransi diukur menggunakan Modal                           Insurance contracts are measured under the
           Pengukuan Umum (MPU), Pendekatan Biaya                              General Measurement Model (GMM), Variable Fee
           Variabel (PBV), atau Premium Allocation                             Approach (“VFA”) or Premium Allocation Approach
           Approach (PAA). Entitas anak umumnya                                (“PAA”). The Subsidiary predominantly uses the
           menggunakan MPU dan PBV (untuk kontrak yang                         GMM and VFA (for contract that have direct
           memiliki fitur partisipasi langsung, misalnya                       participation features, such as unit-linked
           kontrak unit-link), tergantung pada karakteristik                   contracts), depending on the specific characteristics
           spesifik dari kontrak asuransi tersebut.                            of the insurance contracts.

                                                               132
Page 1147
                                                                                         The original consolidated financial statements
                                                                                       included herein are in the Indonesian language.

            PT BANK MANDIRI (PERSERO) Tbk                                        PT BANK MANDIRI (PERSERO) Tbk
                DAN ENTITAS ANAKNYA                                                    AND ITS SUBSIDIARIES
          CATATAN ATAS LAPORAN KEUANGAN                                           NOTES TO THE CONSOLIDATED
                     KONSOLIDASIAN                                                    FINANCIAL STATEMENTS
           Tanggal 31 Desember 2025 dan untuk                                      As of 31 December 2025 and for
          Tahun Berakhir pada Tanggal Tersebut                                        for the Year Then Ended
             (Disajikan dalam jutaan Rupiah,                                      (Expressed in millions of Rupiah,
                 kecuali dinyatakan lain)                                             unless otherwise stated)

2.   INFORMASI KEBIJAKAN AKUNTANSI MATERIAL                        2.   MATERIAL ACCOUNTING POLICY INFORMATION
     (lanjutan)                                                         (continued)

     z.    Liabilitas kontrak asuransi (lanjutan)                       z.   Insurance contract liabilities (continued)

           Sejak 1 Januari 2025 (lanjutan)                                   Since 1 January 2025 (continued)

           Pengakuan awal dan batasan kontrak                                Initial recognition and contract boundary

           Kelompok kontrak asuransi diukur             pada                 Groups of insurance contracts are measured on
           pengakuan awal sebagai total dari:                                initial recognition as the total of:

            Arus kas pemenuhan, yang terdiri dari                               Fulfilment cash flows, comprising the best
               estimasi terbaik nilai kini arus kas masa depan                    estimate of the present value of future cash
               dalam batas kontrak yang diharapkan akan                           flows within the contract boundary that are
               muncul, serta penyesuaian risiko eksplisit                         expected to arise and an explicit risk
               untuk risiko non-keuangan; dan                                     adjustment for non-financial risk; and

            Contractual Service Margin (CSM) yang                               A Contractual Service Margin (CSM) that
               mewakili penundaan keuntungan yang muncul                          represents the deferral of any day-one gains
               pada pengakuan awal.                                               arising on initial recognition.

           Entitas anak mengakui kelompok kontrak asuransi                   The Subsidiary recognises groups of insurance
           yang diterbitkan dari yang paling awal di antara                  contracts issued from the earliest of the following:
           hal-hal berikut:

              Awal periode perlindungan kelompok kontrak;                       The beginning of the coverage period of the
                                                                                  group of contracts;
              Tanggal ketika pembayaran premi pertama                           The date when first premium payment from
               dari pemegang polis dalam kelompok jatuh                           policyholder in the group becomes due; and
               tempo; dan
              Untuk kelompok kontrak yang merugikan,                            For a group of onerous contracts, as soon as
               segera   setelah   fakta  dan   keadaan                            facts and circumstances indicate that the
               menunjukkan bahwa kelompok tersebut                                group is onerous.
               merugikan.

           Batas kontrak mendefinisikan arus kas masa                        The contract boundary defines which future cash
           depan yang mana termasuk dalam pengukuran                         flows are included in the measurement of a
           kontrak. Akhir batas kontrak dianggap terjadi pada                contract. The end of the contract boundary is
           saat Entitas Anak tidak lagi memiliki hak dan                     considered to be at the point when the Subsidiary
           kewajiban substansial berdasarkan kontrak                         no longer has substantive rights and obligations
           asuransi untuk memberikan layanan atau                            under the insurance contract to provide services or
           memaksa pemegang polis untuk membayar                             compel the policyholder to pay premiums.
           premi.

           Liabilitas kepada pemegang polis Entitas Anak                     Liabilities to policyholders Subsidiary are recorded
           dicatat di laporan posisi keuangan konsolidasian                  in the consolidated statement of financial position as
           sebagai bagian dari “Liabilitas Kontrak Asuransi”                 part of “Insurance Contract Liabilities” based on
           berdasarkan perhitungan aktuaris dengan                           actuarial calculations using actuarial assumptions.
           menggunakan asumsi aktuarial.

           Entitas Anak memisahkan jumlah yang diakui                        The Subsidiary disaggregates the amounts
           dalam laporan laba rugi dan penghasilan                           recognised in the statement of profit or loss and
           komprehensif lainnya menjadi hasil layanan                        other comprehensive income into a insurance
           asuransi, yang terdiri dari pendapatan asuransi                   service result, comprising insurance revenue and
           dan biaya layanan asuransi, serta pendapatan                      insurance service expenses, and insurance finance
           atau biaya keuangan asuransi.                                     income or expenses.




                                                             133
Page 1148
                                                                                         The original consolidated financial statements
                                                                                       included herein are in the Indonesian language.

            PT BANK MANDIRI (PERSERO) Tbk                                       PT BANK MANDIRI (PERSERO) Tbk
                DAN ENTITAS ANAKNYA                                                   AND ITS SUBSIDIARIES
          CATATAN ATAS LAPORAN KEUANGAN                                          NOTES TO THE CONSOLIDATED
                     KONSOLIDASIAN                                                   FINANCIAL STATEMENTS
           Tanggal 31 Desember 2025 dan untuk                                     As of 31 December 2025 and for
          Tahun Berakhir pada Tanggal Tersebut                                       for the Year Then Ended
             (Disajikan dalam jutaan Rupiah,                                     (Expressed in millions of Rupiah,
                 kecuali dinyatakan lain)                                            unless otherwise stated)

2.   INFORMASI KEBIJAKAN AKUNTANSI MATERIAL                       2.   MATERIAL ACCOUNTING POLICY INFORMATION
     (lanjutan)                                                        (continued)

     z.    Liabilitas kontrak asuransi (lanjutan)                      z.    Insurance contract liabilities (continued)
           Sejak 1 Januari 2025 (lanjutan)                                  Since 1 January 2025 (continued)
           Contractual Service Margin (“CSM”)                               Contractual Service Margin (“CSM”)
           CSM disesuaikan pada setiap periode pelaporan                    The CSM is adjusted at each subsequent reporting
           untuk perubahan arus kas masa depan yang                         period for changes in expected future cash flows
           diharapkan yang disebabkan oleh perubahan                        driven by changes in technical assumptions or best
           asumsi teknis atau asumsi estimasi terbaik                       estimate assumptions (death, morbidity, longevity,
           (kematian, morbiditas, umur panjang, lapse atau                  surrenders, expenses). However, if negative
           penarikan, biaya. Namun, jika perubahan negatif                  changes in future discounted cash flows are greater
           pada arus kas masa depan yang didiskontokan                      than the remaining CSM, the difference is
           lebih besar dari sisa CSM, selisihnya segera diakui              immediately recognized in the consolidated
           dalam laporan laba rugi dan penghasilan                          statement of profit or loss and other comprehensive
           komprehensif lain konsolidasian karena kontrak                   income as the insurance contract become onerous
           asuransi menjadi merugi dan CSM tidak boleh                      and the CSM cannot be negative. Interest is also
           negatif. Interest juga diakumulasikan pada CSM                   accreted on the CSM at rates locked in at initial
           dengan tingkat bunga yang dikunci pada saat                      recognition of a contract (i.e., discount rate used at
           pengakuan awal kontrak (yaitu tingkat diskonto                   inception to determine the present value of the
           yang digunakan pada saat awal untuk menentukan                   estimated future cash flows).
           nilai sekarang dari arus kas masa depan yang
           diperkirakan).
           CSM akan released ke laba atau rugi berdasarkan                  The CSM will be released into profit or loss based on
           unit pertanggungan, mencerminkan jumlah manfaat                  coverage units, reflecting the quantity of the benefits
           yang diberikan dan durasi pertanggungan yang                     provided and the expected coverage duration of the
           diharapkan dari kontrak yang tersisa dalam                       remaining contracts in the insurance group of
           kelompok kontrak asuransi. Mengingat keragaman                   contract. Given the variety of insurance contracts, the
           kontrak asuransi, definisi unit pertanggungan                    definition of coverage units involves the use of
           melibatkan    penggunaan     penilaian    dengan                 judgment by considering both the level of coverage
           mempertimbangkan tingkat pertanggungan yang                      defined within the contract based on the maximum of
           ditetapkan dalam kontrak berdasarkan maksimum                    insurance benefit (e.g. a death benefit, outstanding
           manfaat asuransi (misalnya manfaat kematian,                     loan balance, the policyholders’ account value plus
           saldo pinjaman yang belum dibayar, nilai akun                    death benefit, maximum of health benefit) and the
           pemegang polis ditambah manfaat kematian,                        expected coverage duration of the contract.
           maksimum manfaat kesehatan) dan durasi
           pertanggungan ng diharapkan dari kontrak.
           Komponen kerugian                                                 Loss components
           Entitas anak telah mengelompokkan kontrak yang                    The Subsidiary has grouped contracts that are
           merugikan pada pengakuan awal secara terpisah                     onerous at initial recognition separately from
           dari kontrak dalam portofolio yang sama yang                      contracts in the same portfolio that are not onerous
           tidak merugikan pada pengakuan awal. Kelompok                     at initial recognition. Groups that were not onerous
           yang tidak merugikan pada pengakuan awal juga                     at initial recognition can also subsequently become
           dapat menjadi merugikan jika asumsi dan                           onerous if assumptions and experience changes.
           pengalaman berubah. Entitas Anak telah                            The Subsudiary has established a loss component
           menetapkan komponen kerugian dari kewajiban                       of the liability for remaining coverage for any
           untuk perlindungan yang tersisa untuk setiap                      onerous group depicting the future losses
           kelompok merugikan yang menggambarkan                             recognised.
           kerugian masa depan yang diakui.
           Komponen kerugian dilepaskan berdasarkan                          The loss component is released based on
           alokasi sistematis dari perubahan selanjutnya                     a systematic allocation of the subsequent changes
           dalam arus kas pemenuhan kepada: (i) komponen                     in the fulfilment cash flows to: (i) the loss
           kerugian; dan (ii) kewajiban untuk perlindungan                   component; and (ii) the liability for remaining
           yang tersisa, tidak termasuk komponen kerugian.                   coverage excluding the loss component. The loss
           Komponen kerugian juga diperbarui untuk                           component is also updated for subsequent changes
           perubahan selanjutnya dalam estimasi arus kas                     in estimates of the fulfilment cash flows related to
           pemenuhan yang terkait dengan layanan masa                        future service.
           depan.
                                                            134
Page 1149
                                                                                       The original consolidated financial statements
                                                                                     included herein are in the Indonesian language.

            PT BANK MANDIRI (PERSERO) Tbk                                      PT BANK MANDIRI (PERSERO) Tbk
                DAN ENTITAS ANAKNYA                                                  AND ITS SUBSIDIARIES
          CATATAN ATAS LAPORAN KEUANGAN                                         NOTES TO THE CONSOLIDATED
                     KONSOLIDASIAN                                                  FINANCIAL STATEMENTS
           Tanggal 31 Desember 2025 dan untuk                                    As of 31 December 2025 and for
          Tahun Berakhir pada Tanggal Tersebut                                      for the Year Then Ended
             (Disajikan dalam jutaan Rupiah,                                    (Expressed in millions of Rupiah,
                 kecuali dinyatakan lain)                                           unless otherwise stated)

2.   INFORMASI KEBIJAKAN AKUNTANSI MATERIAL                      2.   MATERIAL ACCOUNTING POLICY INFORMATION
     (lanjutan)                                                       (continued)

     z.    Liabilitas kontrak asuransi (lanjutan)                     z.   Insurance contract liabilities (continued)

           Sejak 1 Januari 2025 (lanjutan)                                 Since 1 January 2025 (continued)

           Komponen kerugian (lanjutan)                                    Loss components (continued)

           Alokasi sistematis dari perubahan selanjutnya ke                The systematic allocation of subsequent changes to
           komponen kerugian mengakibatkan jumlah total                    the loss component results in the total amounts
           yang dialokasikan ke komponen kerugian menjadi                  allocated to the loss component being equal to zero
           sama dengan nol pada akhir periode perlindungan                 by the end of the coverage period of a group of
           dari sekelompok kontrak (karena komponen                        contracts (since the loss component will have been
           kerugian akan terwujud dalam bentuk klaim yang                  materialised in the form of incurred claims). The
           terjadi). Entitas Anak menggunakan proporsi pada                Subsidiary uses the proportion on initial recognition
           pengakuan awal untuk menentukan alokasi                         to determine the systematic allocation of
           sistematis dari perubahan selanjutnya dalam arus                subsequent changes in future cash flows between
           kas masa depan antara komponen kerugian dan                     the loss component and the liability for remaining
           kewajiban untuk perlindungan yang tersisa, tidak                coverage excluding the loss component.
           termasuk komponen kerugian.

           Setiap bunga, keuntungan atau kerugian dari                     Any interest, gain or loss due to increases or
           kenaikan atau penurunan nilai pasar investasi                   decreases in market value of investments
           dicatat sebagai pendapatan atau beban, disertai                 are recorded as income or expense, with
           dengan pengakuan kenaikan atau penurunan                        a corresponding recognition of increase or decrease
           liabilitas kepada pemegang polis unit-link di                   in liability to unit-link policyholders in the statement
           laporan laba rugi dan penghasilan komprehensif                  of profit or loss and other comprehensive income
           lain konsolidasian dan liabilitas kepada pemegang               and liability to unit-link policyholders in the
           polis unit-link di laporan posisi keuangan                      consolidated statement of financial position.
           konsolidasian.

           Pendapatan dan biaya keuangan asuransi                          Insurance finance income and expense

           Pendapatan atau biaya keuangan asuransi terdiri                 Insurance finance income or expenses comprise
           dari perubahan dalam jumlah tercatat dari                       the change in the carrying amount of the group of
           kelompok kontrak asuransi yang timbul dari:                     insurance contracts arising from:

             Pengaruh nilai waktu uang dan perubahan                          The effect of the time value of money and
              dalam nilai waktu uang.                                           changes in the time value of money.
             Pengaruh risiko keuangan dan perubahan                           The effect of financial risk and changes in
              dalam risiko keuangan.                                            financial risk.

           Sebelum 1 Januari 2025                                          Before 1 January 2025

           Entitas Anak menerbitkan kontrak asuransi yang                  The Subsidiary issue insurance contracts that
           menerima risiko asuransi yang signifikan dari                   accepted significant insurance risk from the
           pemegang polis. Entitas Anak mendefinisikan                     policyholders. The Subsidiary define significant
           risiko   asuransi    yang   signifikan   sebagai                insurance risk as the possibility of having to pay
           kemungkinan membayar manfaat pada saat                          benefits on the occurrence of an insured event of at
           terjadinya suatu kejadian yang diasuransikan,                   least 10% more than the benefits payable if the
           yang setidaknya 10% lebih besar dari manfaat                    insured event did not occur. When an insurance
           yang dibayarkan jika kejadian yang diasuransikan                contract does not have significant insurance risk, it
           tidak terjadi. Jika suatu kontrak asuransi tidak                is classified as investment contract.
           mengandung risiko asuransi yang signifikan,
           maka kontrak tersebut diklasifikasikan sebagai
           kontrak investasi.




                                                           135
Page 1150
                                                                                       The original consolidated financial statements
                                                                                     included herein are in the Indonesian language.

            PT BANK MANDIRI (PERSERO) Tbk                                      PT BANK MANDIRI (PERSERO) Tbk
                DAN ENTITAS ANAKNYA                                                  AND ITS SUBSIDIARIES
          CATATAN ATAS LAPORAN KEUANGAN                                         NOTES TO THE CONSOLIDATED
                     KONSOLIDASIAN                                                  FINANCIAL STATEMENTS
           Tanggal 31 Desember 2025 dan untuk                                    As of 31 December 2025 and for
          Tahun Berakhir pada Tanggal Tersebut                                      for the Year Then Ended
             (Disajikan dalam jutaan Rupiah,                                    (Expressed in millions of Rupiah,
                 kecuali dinyatakan lain)                                           unless otherwise stated)

2.   INFORMASI KEBIJAKAN AKUNTANSI MATERIAL                      2.   MATERIAL ACCOUNTING POLICY INFORMATION
     (lanjutan)                                                       (continued)

     z.    Liabilitas kontrak asuransi (lanjutan)                     z.   Insurance contract liabilities (continued)

           Sebelum 1 Januari 2025 (lanjutan)                               Before 1 January 2025 (continued)

           Entitas Anak menerbitkan kontrak asuransi untuk                 The Subsidiary issue insurance contracts for
           produk asuransi tradisional dan produk asuransi                 traditional insurance product and investment-linked
           yang dikaitkan dengan investasi. Kedua jenis                    insurance product. Both of these products have
           produk ini mempunyai risiko asuransi yang                       significant insurance risk.
           signifikan.

           Produk-produk dari Entitas Anak dibagi                          The Subsidiary’ products are divided into the
           berdasarkan kategori sebagai berikut:                           following main categories:
              Asuransi jiwa tradisional non-participating,                    Traditional non-participating life insurance,
               memberikan perlindungan untuk menutupi                           provide protection to cover the risk of death,
               risiko kematian, kecelakaan, penyakit kritis                     accident, critical illness, and health of the
               dan kesehatan dari pemegang polis. Jumlah                        insured. The basic of sum insured will be paid
               uang pertanggungan akan dibayarkan pada                          upon the occurrence of the risks covered.
               saat terjadinya risiko yang ditanggung.
              Unit-link,    produk      asuransi    dengan                   Unit-link, insurance product with single or
               pembayaran premi tunggal maupun reguler                         regular premium payment which is linked
               yang dikaitkan dengan investasi yang                            to investment products, which provides
               memberikan kombinasi manfaat proteksi dan                       a combined benefit of protection and
               manfaat investasi.                                              investment.

           Ketika sebuah kontrak telah diklasifikasi sebagai               Once a contract has been classified as an insurance
           kontrak asuransi, reklasifikasi terhadap kontrak                contract, no reclassification could be performed
           tersebut tidak dapat dilakukan kecuali ketentuan                subsequently unless the terms of the agreement are
           perjanjian kemudian diamendemen. Seluruh                        later amended. All insurance products issued by the
           produk asuransi yang diterbitkan oleh Entitas                   Subsidiary have significant insurance risk.
           Anak mempunyai risiko asuransi yang signifikan.

           Entitas Anak memisahkan komponen deposit dari                   The Subsidiary separate the deposit component
           kontrak unit-link seperti yang disyaratkan oleh                 from unit-link contract as required by SFAS 104
           PSAK 104 jika kondisi-kondisi di bawah ini                      when both the following conditions are met:
           terpenuhi:                                                      -   The Subsidiary can measure separately the
           -    Entitas Anak dapat mengukur komponen                           “deposit” component (including any embedded
                “deposit” secara terpisah (termasuk opsi                       submission option, i.e. without taking into
                penyerahan      melekat,    yaitu    tanpa                     account the “insurance” component);
                memperhitungkan komponen “asuransi”);                      -   The Subsidiary’s accounting policies do not
           -    Kebijakan akuntansi Entitas Anak tidak                         require to recognise all rights and obligations
                mensyaratkan untuk mengakui semua hak                          arising from the “deposit” component.
                dan liabilitas yang timbul dari komponen
                “deposit”.

           Entitas Anak tidak memisahkan komponen                          The Subsidiary do not separate the deposit
           deposit dikarenakan hanya salah satu kondisi di                 component because only one of the above
           atas yang terpenuhi.                                            conditions is met.

           Pengujian kecukupan liabilitas                                  Liability adequacy test

           Pengujian kecukupan liabilitas dilakukan pada                   Liability adequacy testing is performed at reporting
           tanggal pelaporan untuk kontrak secara individual               date for contract individually or group of products
           ataupun per kelompok produk, ditentukan sesuai                  determined in accordance with the Subsidiary’s
           dengan cara Entitas Anak memperoleh,                            method of acquiring, servicing and measuring the
           memelihara dan mengukur profitabilitas dari                     profitability of its insurance contracts.
           kontrak asuransi tersebut.




                                                           136
Page 1151
                                                                                          The original consolidated financial statements
                                                                                        included herein are in the Indonesian language.

            PT BANK MANDIRI (PERSERO) Tbk                                        PT BANK MANDIRI (PERSERO) Tbk
                DAN ENTITAS ANAKNYA                                                    AND ITS SUBSIDIARIES
          CATATAN ATAS LAPORAN KEUANGAN                                           NOTES TO THE CONSOLIDATED
                     KONSOLIDASIAN                                                    FINANCIAL STATEMENTS
           Tanggal 31 Desember 2025 dan untuk                                      As of 31 December 2025 and for
          Tahun Berakhir pada Tanggal Tersebut                                        for the Year Then Ended
             (Disajikan dalam jutaan Rupiah,                                      (Expressed in millions of Rupiah,
                 kecuali dinyatakan lain)                                             unless otherwise stated)

2.   INFORMASI KEBIJAKAN AKUNTANSI MATERIAL                         2.   MATERIAL ACCOUNTING POLICY INFORMATION
     (lanjutan)                                                          (continued)

     z.    Liabilitas kontrak asuransi (lanjutan)                        z.   Insurance contract liabilities (continued)

           Sebelum 1 Januari 2025 (lanjutan)                                  Before 1 January 2025 (continued)

           Pengujian kecukupan liabilitas (lanjutan)                          Liability adequacy test (continued)

           Untuk asuransi jiwa, liabilitas kepada pemegang                    For life insurance, the liabilities to policyholder in
           polis khususnya liabilitas untuk klaim masa depan                  particular the liabilities for future claim are tested to
           diuji untuk menentukan apakah liabilitas tersebut                  determine whether the liabilities sufficient to cover
           cukup untuk menutupi semua arus kas keluar di                      all related future cash out flow including all
           masa depan termasuk semua manfaat yang                             guaranteed benefit and guaranteed additional
           dijamin dan manfaat tambahan yang dijamin (jika                    benefit (if any), non-guaranteed participation benefit
           ada) , manfaat partisipasi yang tidak dijamin (jika                feature (if any), all expenses for policies issuance
           ada), semua biaya untuk penerbitan polis dan                       and maintenance, as well as reflecting the future
           pemeliharaan polis, serta mencerminkan arus kas                    cash inflow, i.e. future premium receipt.
           masuk masa depan yaitu penerimaan premi masa
           depan.

           Liabilitas dihitung berdasarkan diskonto dari arus                 The liabilities are calculated based on discounted
           kas untuk semua arus kas yang terkait yaitu arus                   cash flow basis for all related cash flows i.e. both of
           kas keluar dan arus kas masuk seperti yang                         cash outflows and cash inflows as mentioned above
           disebutkan di atas dengan menggunakan                              using a set of most recent best estimate
           seperangkat asumsi estimasi terbaik terkini yang                   assumptions set by the Subsidiary’ appointed
           ditetapkan oleh aktuaris Entitas Anak, termasuk                    actuary, includes mortality, morbidity, lapses,
           asumsi tingkat mortalita, morbidita, tingkat                       expenses, inflation rates, and interest rate.
           pembatalan polis, biaya, tingkat inflasi dan tingkat               Subsidiary operate in life insurance use Gross
           suku bunga. Entitas Anak yang bergerak dalam                       Premium Reserve in the premium allowance
           bidang asuransi jiwa menerapkan metode Gross                       calculation for future policy benefits to the
           Premium Reserve dalam perhitungan cadangan                         policyholders using actuary assumptions with best
           premi atas manfaat polis masa depan kepada                         estimate and margin for adverse deviation,
           pemegang polis dengan menggunakan asumsi                           therefore liability adequacy test is not required.
           aktuaria berdasarkan asumsi estimasi terbaik dan
           marjin atas risiko pemburukan, sehingga
           pengujian kecukupan liabilitas tidak diperlukan
           lagi.

           Reasuransi                                                         Reinsurance

           Entitas Anak mereasuransikan sebagian porsi                        The Subsidiary reinsure a portion of its risk to
           risikonya kepada perusahaan reasuradur. Jumlah                     reinsurance companies. The amount of premium
           premi yang dibayar atau porsi premi atas transaksi                 paid or portion of premium from prospective
           reasuransi prospektif diakui selama periode                        reinsurance transactions is recognised over the
           kontrak asuransi sesuai dengan proporsi jumlah                     reinsurance contract in proportion with the
           proteksi reasuransi yang diterima.                                 protection received.

           Aset reasuransi termasuk saldo yang diharapkan                     Reinsurance assets include balances expected to
           dibayarkan oleh perusahaan reasuransi untuk                        be recovered from reinsurance companies for
           ceded liabilitas manfaat polis masa depan, ceded                   ceded liability for future policy benefits, ceded
           estimasi liabilitas klaim dan ceded cadangan atas                  estimated claim liabilities and ceded unearned
           premi yang belum merupakan pendapatan.                             premiums allowance. Recovery amount from
           Jumlah manfaat yang ditanggung oleh reasuradur                     reinsurers are estimated in a consistent manner
           diperkirakan secara konsisten sesuai dengan                        with the liability associated with the reinsurance
           liabilitas yang terkait dengan polis reasuransi.                   policy.

           Entitas Anak menyajikan aset reasuransi secara                     Subsidiary present separately reinsurance asset of
           terpisah sebagai aset atas liabilitas manfaat polis                future policy benefit liabilities, unearned premium
           masa depan, cadangan atas premi yang belum                         allowance, and estimated claim liabilities.
           merupakan pendapatan dan estimasi liabilitas
           klaim.

                                                              137
Page 1152
                                                                                         The original consolidated financial statements
                                                                                       included herein are in the Indonesian language.

            PT BANK MANDIRI (PERSERO) Tbk                                      PT BANK MANDIRI (PERSERO) Tbk
                DAN ENTITAS ANAKNYA                                                  AND ITS SUBSIDIARIES
          CATATAN ATAS LAPORAN KEUANGAN                                         NOTES TO THE CONSOLIDATED
                     KONSOLIDASIAN                                                  FINANCIAL STATEMENTS
           Tanggal 31 Desember 2025 dan untuk                                    As of 31 December 2025 and for
          Tahun Berakhir pada Tanggal Tersebut                                      for the Year Then Ended
             (Disajikan dalam jutaan Rupiah,                                    (Expressed in millions of Rupiah,
                 kecuali dinyatakan lain)                                           unless otherwise stated)

2.   INFORMASI KEBIJAKAN AKUNTANSI MATERIAL                       2.   MATERIAL ACCOUNTING POLICY INFORMATION
     (lanjutan)                                                        (continued)

     z.    Liabilitas kontrak asuransi (lanjutan)                      z.   Insurance contract liabilities (continued)

           Reasuransi (lanjutan)                                            Reinsurance (continued)

           Jika aset reasuransi mengalami penurunan nilai,                  If a reinsurance asset is impaired, the Subsidiary
           Entitas Anak mengurangi nilai tercatat dan                       deducted the carrying amount accordingly and
           mengakui kerugian penurunan nilai tersebut                       recognise that impairment loss in the consolidated
           dalam laporan laba rugi dan penghasilan                          statement of profit or loss and other comprehensive
           komprehensif lain konsolidasian. Aset reasuransi                 income. A reinsurance asset is impaired if there is
           mengalami penurunan nilai jika ada bukti objektif,               objective evidence, as a result of an event that
           sebagai akibat dari suatu peristiwa yang terjadi                 occurred after initial recognition of the reinsurance
           setelah pengakuan awal aset reasuransi, bahwa                    asset, that the Subsidiary may not receive all
           Entitas Anak tidak dapat menerima seluruh jumlah                 amounts due to it is below the requirement of the
           karena di bawah syarat-syarat kontrak dan                        contract, and the impact on the amounts that the
           dampak pada jumlah yang akan diterima dari                       Subsidiary will receive from the reinsurer can be
           reasuradur dapat diukur secara andal.                            reliably measured.

           Liabilitas manfaat polis masa depan                              Liability for future policy benefits

           Liabilitas manfaat polis masa depan merupakan                    The liabilities for future policy benefits represent the
           nilai sekarang estimasi manfaat polis masa depan                 present value of estimated future policy benefits to
           yang akan dibayarkan kepada pemegang polis                       be paid to policyholders or their heirs less present
           atau ahli warisnya dikurangi dengan nilai sekarang               value of estimated future premiums to be received
           dari estimasi premi masa depan yang akan                         from the policyholders and recognised consistently
           diterima dari pemegang polis dan diakui pada saat                with the recognition of premium income. The
           pengakuan pendapatan premi. Liabilitas manfaat                   liabilities for future policy benefits are determined
           polis masa depan ditentukan dan dihitung dengan                  and computed based on certain method by the
           menggunakan metode tertentu oleh aktuaris                        Subsidiary’ actuary based on generally accepted
           Entitas Anak berdasarkan standar praktik Aktuaria                actuarial practice standards.
           yang berlaku umum.

           Entitas Anak menghitung liabilitas manfaat polis                 The Subsidiary calculate the liability for future policy
           masa depan dengan menggunakan metode Gross                       benefits using Gross Premium Reserve method that
           Premium Reserve yang mencerminkan nilai kini                     reflect the present value of estimated payments of
           estimasi pembayaran seluruh manfaat yang                         all the guaranteed benefits including all the
           diperjanjikan termasuk seluruh opsi yang                         embedded options available, the present value
           disediakan, nilai kini estimasi seluruh manfaat                  estimated of all insurance benefit and handling
           asuransi dan biaya yang dikeluarkan dan juga                     costs incurred and also considering the future
           mempertimbangkan penerimaan premi di masa                        premium receipt.
           depan.

           Kenaikan/(penurunan) liabilitas manfaat polis                    Increase/(decrease) in liabilities for future policy
           masa depan diakui dalam laporan laba rugi dan                    benefits are recognised in the current year’s
           penghasilan komprehensif lain konsolidasian                      consolidated statement of profit or loss and other
           tahun berjalan.                                                  comprehensive income.

           Liabilitas kepada pemegang polis unit-link diakui                The liability to unit-link policyholders are recognised
           pada saat penerimaan dana dikonversi menjadi                     at the time the funds received are converted into
           unit setelah dikurangi biaya-biaya dan akan                      units, net of related expenses and will increase or
           bertambah atau berkurang sesuai dengan nilai                     decrease in accordance with effective net asset
           aset bersih efektif yang berlaku.                                value.

           Penerimaan dana dari nasabah untuk produk unit-                  Funds received from customers for non-sharia unit-
           link non-syariah diakui sebagai pendapatan premi                 link products are recognised as gross premium
           bruto dalam laporan laba rugi dan penghasilan                    income in the consolidated statement of profit or
           komprehensif lain konsolidasian.                                 loss and other comprehensive income.




                                                            138
Page 1153
                                                                                         The original consolidated financial statements
                                                                                       included herein are in the Indonesian language.

            PT BANK MANDIRI (PERSERO) Tbk                                       PT BANK MANDIRI (PERSERO) Tbk
                DAN ENTITAS ANAKNYA                                                   AND ITS SUBSIDIARIES
          CATATAN ATAS LAPORAN KEUANGAN                                          NOTES TO THE CONSOLIDATED
                     KONSOLIDASIAN                                                   FINANCIAL STATEMENTS
           Tanggal 31 Desember 2025 dan untuk                                     As of 31 December 2025 and for
          Tahun Berakhir pada Tanggal Tersebut                                       for the Year Then Ended
             (Disajikan dalam jutaan Rupiah,                                     (Expressed in millions of Rupiah,
                 kecuali dinyatakan lain)                                            unless otherwise stated)

2.   INFORMASI KEBIJAKAN AKUNTANSI MATERIAL                        2.   MATERIAL ACCOUNTING POLICY INFORMATION
     (lanjutan)                                                         (continued)

     z.    Liabilitas kontrak asuransi (lanjutan)                       z.   Insurance contract liabilities (continued)

           Liabilitas manfaat polis masa depan (lanjutan)                    Liability for future policy benefits (continued)

           Liabilitas kepada pemegang polis unit-link diakui                 Liabilities to unit-link policyholders are recognised in
           di laporan posisi keuangan konsolidasian dan                      the consolidated statement of financial position and
           dihitung menggunakan metode cadangan atas                         computed based on unearned premium reserves
           premi yang belum merupakan pendapatan yang                        using daily method from insurance cost of mortality
           dihitung dengan menggunakan metode harian                         or mobidity risk plus reserves for the accumulated
           berdasarkan biaya asuransi atas risiko mortalitas                 invested fund of unit-link policyholders.
           atau risiko morbiditas ditambah cadangan atas
           akumulasi dana investasi pemegang polis.

           Setiap bunga, keuntungan atau kerugian dari                       Any interest, gain or loss due to increases or
           kenaikan atau penurunan nilai pasar investasi                     decreases in market value of investments
           dicatat sebagai pendapatan atau beban, disertai                   are recorded as income or expense, with
           dengan pengakuan kenaikan atau penurunan                          a corresponding recognition of increase or decrease
           liabilitas kepada pemegang polis unit-link di                     in liability to unit-link policyholders in the statement
           laporan laba rugi dan penghasilan komprehensif                    of profit or loss and other comprehensive income
           lain konsolidasian dan liabilitas kepada pemegang                 and liability to unit-link policyholders in the
           polis unit-link di laporan posisi keuangan                        consolidated statement of financial position.
           konsolidasian.

           Penerimaan dana dari nasabah untuk produk unit-                   Funds received from customers for sharia unit-link
           link syariah diakui sebagai liabilitas kepada                     products are recognised as liabilities to unit-link
           pemegang polis unit-link di laporan posisi                        policyholders in the consolidated statement of
           keuangan konsolidasian sebesar jumlah yang                        financial position for the amount received net of the
           diterima setelah dikurangi bagian fee untuk Entitas               portion representing the Subsidiary fees in
           Anak dalam rangka mengelola pendapatan dari                       managing the unit-link product income.
           produk unit-link.

           Liabilitas untuk manfaat kontraktual yang                         A liability for contractual benefits that are expected
           diharapkan akan timbul di masa depan dicatat                      to be incurred in the future is recorded when the
           pada saat premi diakui. Liabilitas ditetapkan                     premiums are recognised. The liability is
           sebagai penjumlahan atas nilai diskonto yang                      determined as the sum of the expected discounted
           diharapkan dari pembayaran manfaat dan biaya                      value of the benefit payments and the future
           administrasi masa depan yang berkaitan langsung                   administration expenses that are directly related to
           dengan kontrak asuransi, dikurangi dengan nilai                   the insurance contract, less the expected
           diskonto yang diharapkan atas premi yang                          discounted value of the premiums that would be
           dibutuhkan untuk memenuhi manfaat dan biaya                       required to meet the benefits and administration
           administrasi berdasarkan asumsi penilaian yang                    expenses based on the valuation assumptions used
           digunakan (penilaian premi). Liabilitas tersebut                  (the premiums valuation). That liability is based on
           didasarkan pada asumsi-asumsi seperti kematian,                   assumptions such as mortality, persistency,
           persistensi, biaya pemeliharaan yang ditetapkan                   maintenance expense and established at the time
           pada saat kontrak asuransi dikeluarkan. Sebuah                    the contract is issued. A margin for adverse
           marjin untuk penyimpangan yang merugikan                          deviation is included in the used assumptions.
           termasuk dalam asumsi yang digunakan.




                                                             139
Page 1154
                                                                                      The original consolidated financial statements
                                                                                    included herein are in the Indonesian language.

         PT BANK MANDIRI (PERSERO) Tbk                                       PT BANK MANDIRI (PERSERO) Tbk
             DAN ENTITAS ANAKNYA                                                   AND ITS SUBSIDIARIES
       CATATAN ATAS LAPORAN KEUANGAN                                          NOTES TO THE CONSOLIDATED
                  KONSOLIDASIAN                                                   FINANCIAL STATEMENTS
        Tanggal 31 Desember 2025 dan untuk                                     As of 31 December 2025 and for
       Tahun Berakhir pada Tanggal Tersebut                                       for the Year Then Ended
          (Disajikan dalam jutaan Rupiah,                                     (Expressed in millions of Rupiah,
              kecuali dinyatakan lain)                                            unless otherwise stated)

2.   INFORMASI KEBIJAKAN AKUNTANSI MATERIAL                      2.   MATERIAL ACCOUNTING POLICY INFORMATION
     (lanjutan)                                                       (continued)

     aa. Efek-efek yang diterbitkan                                   aa. Debt securities issued

         Efek-efek yang diterbitkan oleh Bank Mandiri dan                 Debt securities issued by the Bank and its
         Entitas Anak, termasuk obligasi, subordinasi                     Subsidiaries, including bonds, subordinated notes,
         notes, medium term notes, traveller’s cheques dan                medium term notes, travelers’ cheques and
         Sertifikat Investasi Mudharabah Antarbank (SIMA)                 Interbank Mudharabah Investment Certificate
         pada pengukuran awal disajikan sebesar nilai                     (SIMA), are initially measured at fair value plus
         wajar ditambah dengan biaya transaksi yang                       directly attributable transaction costs to the debt
         dapat       diatribusikan    langsung     dengan                 securities issued. Subsequently, transactions cost
         perolehan/penerbitan efek-efek yang diterbitkan.                 are amortised using effective interest rate up to the
         Biaya transaksi kemudian diamortisasi dengan                     maturity of debt securities issued.
         suku bunga efektif sampai dengan jatuh tempo
         dari efek-efek yang diterbitkan.

         Efek-efek yang diterbitkan diklasifikasikan sebagai             Debt securities issued are classified as financial
         liabilitas keuangan yang diukur dengan biaya                    liabilities at amortised cost. Refer to Note 2c for the
         perolehan diamortisasi. Lihat Catatan 2c untuk                  accounting policy for financial liabilities at amortised
         kebijakan akuntansi atas liabilitas keuangan yang               cost.
         diukur dengan biaya perolehan diamortisasi.

     ab. Pinjaman yang diterima                                       ab. Fund borrowings

         Pinjaman yang diterima merupakan dana yang                      Fund borrowings represent funds received from
         diterima dari bank lain, Bank Indonesia atau pihak              other banks, Bank Indonesia or other parties with
         lain dengan liabilitas pembayaran kembali sesuai                the obligation of repayment in accordance with the
         dengan persyaratan perjanjian pinjaman.                         requirements of the loan agreement.

         Pada pengukuran awal, pinjaman yang diterima                    Fund borrowings are initially measured at fair value
         disajikan sebesar nilai wajar dikurangi dengan                  less directly attributable transaction costs to the
         biaya transaksi yang dapat diatribusikan langsung               borrowed/issued fund. Fund borrowings are
         dengan perolehan/penerbitan pinjaman yang                       classified as financial liabilities at amortised cost.
         diterima. Pinjaman yang diterima diklasifikasikan               Refer to Note 2c for the accounting policy for
         sebagai liabilitas keuangan yang diukur dengan                  financial liabilities at amortised cost.
         biaya perolehan diamortisasi. Lihat Catatan 2c
         untuk kebijakan akuntansi untuk liabilitas
         keuangan yang diukur dengan biaya perolehan
         diamortisasi.

         Fasilitas pengelolaan likuiditas berdasarkan                    The sharia liquidity management facility of Bank
         prinsip syariah Bank Indonesia (PASBI) yang                     Indonesia (PASBI) received by Sharia Subsidiaries
         diterima oleh Entitas Anak Syariah diklasifikasikan             is classified as “Fund Borrowings”. Bank Indonesia
         dalam akun “Pinjaman yang Diterima”. Bank                       and the Subsidiary mutually agree to enter into a
         Indonesia dan Entitas Anak sepakat melakukan                    wakalah bil ististmar contract for fund management,
         akad wakalah bil ististmar untuk pengelolaan dana               guaranteed by sharia securities. The funds received
         dengan agunan berupa surat berharga syariah.                    are recognised as liabilities to Bank Indonesia.
         Dana yang diterima diakui sebagai liabilitas
         kepada Bank Indonesia.

         Bank melakukan pengelolaan dana untuk                           The Bank undertakes fund management for whole
         kegiatan investasi usaha secara keseluruhan                     business investment activities (mutlaqah). The
         (mutlaqah). Pengembalian dana kelolaan dan                      return of managed funds and the distribution of
         pembayaran     hasil   pengelolaan (istitsmar)                  investments return (istitsmar) occur upon maturity.
         dilakukan pada saat pelunasan.




                                                           140
Page 1155
                                                                                      The original consolidated financial statements
                                                                                    included herein are in the Indonesian language.

         PT BANK MANDIRI (PERSERO) Tbk                                       PT BANK MANDIRI (PERSERO) Tbk
             DAN ENTITAS ANAKNYA                                                   AND ITS SUBSIDIARIES
       CATATAN ATAS LAPORAN KEUANGAN                                          NOTES TO THE CONSOLIDATED
                  KONSOLIDASIAN                                                   FINANCIAL STATEMENTS
        Tanggal 31 Desember 2025 dan untuk                                     As of 31 December 2025 and for
       Tahun Berakhir pada Tanggal Tersebut                                       for the Year Then Ended
          (Disajikan dalam jutaan Rupiah,                                     (Expressed in millions of Rupiah,
              kecuali dinyatakan lain)                                            unless otherwise stated)

2.   INFORMASI KEBIJAKAN AKUNTANSI MATERIAL                      2.   MATERIAL ACCOUNTING POLICY INFORMATION
     (lanjutan)                                                       (continued)

     ac. Pinjaman dan efek-efek subordinasi                           ac. Subordinated loans and marketable securities

        Pinjaman dan efek-efek subordinasi pada                           Subordinated loans and marketable securities are
        pengukuran awal disajikan sebesar nilai                           initially measured at fair value less directly
        wajar dikurangi dengan biaya transaksi yang                       attributable transaction costs. Subsequently,
        dapat     diatribusikan    langsung    dengan                     transactions costs are amortised using the effective
        perolehan/penerbitan pinjaman dan efek-efek                       interest rate up to the maturity of subordinated loans
        subordinasi.     Biaya   transaksi  kemudian                      and marketable securities.
        diamortisasi dengan suku bunga efektif sampai
        dengan jatuh tempo dari pinjaman dan efek-efek
        subordinasi.

        Pinjaman        dan    efek-efek       subordinasi                Subordinated loans and marketable securities are
        diklasifikasikan sebagai liabilitas keuangan yang                 classified as financial liabilities at amortised cost.
        diukur dengan biaya perolehan yang diamortisasi.                  Refer to Note 2c for the accounting policy for
        Lihat Catatan 2c untuk kebijakan akuntansi untuk                  financial liabilities at amortised cost.
        liabilitas keuangan yang diukur dengan biaya
        perolehan yang diamortisasi.

     ad. Perpajakan                                                   ad. Income tax

        Bank Mandiri dan Entitas Anak menerapkan                          Bank Mandiri and Subsidiaries apply SFAS 212
        PSAK      212      “Pajak     Penghasilan”,     yang              “Income Tax” which requires Bank Mandiri and
        mengharuskan Bank Mandiri dan Entitas Anak                        Subsidiaries to take into account the consequnces
        memperhitungkan konsekuensi pajak kini dan                        of the current and future tax (settlement) from the
        pajak di masa depan (penyelesaian) dari jumlah                    carrying amount of assets (liabilities) that are
        tercatat aset (liabilitas) yang diakui dalam laporan              recognised in the consolidated statement of
        posisi keuangan dan transaksi-transaksi serta                     financial position, and transactions and other events
        peristiwa lain yang terjadi dalam tahun berjalan.                 occured in the current period.

        Beban pajak terdiri dari pajak kini dan pajak                    The tax expense comprises current and deferred
        tangguhan. Pajak diakui dalam laporan laba rugi                  tax. Tax is recognised in the consolidated statement
        dan penghasilan komprehensif lain konsolidasian,                 of profit or loss and other comprehensive income,
        kecuali jika pajak tersebut terkait dengan transaksi             except to the extent that it relates to items
        atau kejadian yang langsung diakui ke ekuitas.                   recognised directly in equity. In this case, the tax is
        Dalam hal ini, pajak tersebut masing-masing                      recognised in other comprehensive income or
        diakui dalam penghasilan komprehensif lain atau                  directly in equity, respectively.
        ekuitas.

        Manajemen      Grup    mengevaluasi      secara                  The Group’s management periodically evaluates
        periodik implementasi    terhadap    peraturan                   the implementation of prevailing tax regulations
        perpajakan yang berlaku terutama yang                            especially for those that are subject to further
        memerlukan interpretasi lebih lanjut mengenai                    interpretation for its implementation, including
        pelaksanaannya termasuk juga evaluasi terhadap                   evaluation on tax assessment letters received from
        surat ketetapan pajak yang diterima dari kantor                  tax authorities. Futhermore, the Bank establishes
        pajak. Lebih lanjut, Bank Mandiri membentuk                      provisions based on the necessary amounts
        cadangan, jika dianggap perlu berdasarkan                        expected to be paid to the tax authorities.
        jumlah yang diestimasikan akan dibayarkan ke
        kantor pajak.




                                                           141
Page 1156
                                                                                       The original consolidated financial statements
                                                                                     included herein are in the Indonesian language.

         PT BANK MANDIRI (PERSERO) Tbk                                        PT BANK MANDIRI (PERSERO) Tbk
             DAN ENTITAS ANAKNYA                                                    AND ITS SUBSIDIARIES
       CATATAN ATAS LAPORAN KEUANGAN                                           NOTES TO THE CONSOLIDATED
                  KONSOLIDASIAN                                                    FINANCIAL STATEMENTS
        Tanggal 31 Desember 2025 dan untuk                                      As of 31 December 2025 and for
       Tahun Berakhir pada Tanggal Tersebut                                        for the Year Then Ended
          (Disajikan dalam jutaan Rupiah,                                      (Expressed in millions of Rupiah,
              kecuali dinyatakan lain)                                             unless otherwise stated)

2.   INFORMASI KEBIJAKAN AKUNTANSI MATERIAL                       2.   MATERIAL ACCOUNTING POLICY INFORMATION
     (lanjutan)                                                        (continued)

     ad. Perpajakan (lanjutan)                                         ad. Income tax (continued)

         Bank Mandiri dan Entitas Anak menerapkan                          Bank Mandiri and Subsidiaries apply the balance
         metode liabilitas laporan posisi keuangan                         sheet liability method to determine income tax
         (balance sheet liability method) untuk menentukan                 expense. Under the balance sheet liability method,
         beban pajak penghasilan. Menurut metode                           deferred tax assets and liabilities are recognised for
         liabilitas laporan posisi keuangan, aset dan utang                all temporary differences arising between the tax
         pajak tangguhan diakui untuk semua perbedaan                      base of assets and liabilities and their carrying
         temporer antara nilai aset dan liabilitas yang                    amount in the consolidated statement of financial
         tercatat di laporan posisi keuangan dengan dasar                  position at each reporting date. This method also
         pengenaan pajak atas aset dan liabilitas tersebut                 requires the recognition of unused future tax
         pada setiap tanggal pelaporan. Metode ini juga                    benefits, to the extent that realisation of such
         mensyaratkan adanya pengakuan manfaat pajak                       benefits are probable in the future.
         di masa datang yang belum digunakan apabila
         besar kemungkinan bahwa manfaat tersebut
         dapat direalisasikan di masa yang akan datang.

         Aset pajak tangguhan diakui apabila terdapat                      Deferred tax assets are recognised only to the
         kemungkinan besar bahwa jumlah laba fiskal pada                   extent that is probable that future taxable income
         masa     datang     akan    memadai       untuk                   will be sufficient to compensate deferred tax asset
         mengkompensasi aset pajak tangguhan yang                          arising from temporary differences.
         muncul akibat perbedaan temporer.

         Pajak tangguhan dihitung dengan menggunakan                       Deferred tax is calculated using tax rates
         tarif pajak yang berlaku atau secara substansial                  enacted or substantively applied to the period
         diberlakukan pada periode dimana aset tersebut                    during which the asset is realised or the liability is
         direalisasi atau liabilitas tersebut diselesaikan.                settled. The changes to the carrying value of
         Perubahan nilai tercatat aset dan liabilitas pajak                deferred tax assets and liabilities due to the changes
         tangguhan yang disebabkan oleh perubahan tarif                    of tax rates are charged in the current year,
         pajak dibebankan pada laporan laba rugi dan                       consolidated statement of profit or loss and other
         penghasilan komprehensif lain konsolidasian                       comprehensive income except for transactions
         tahun berjalan, kecuali untuk transaksi-transaksi                 which previously have been directly charged or
         yang sebelumnya telah langsung dibebankan atau                    credited to equity.
         dikreditkan ke ekuitas.

         Koreksi atas liabilitas pajak diakui pada saat surat              Adjustments to taxation obligations are recognised
         ketetapan pajak diterima, atau apabila diajukan                   when tax assessment letter is received or, if
         keberatan dan/atau banding, maka koreksi diakui                   objection/appeal is submitted, adjustments are
         pada saat keputusan atas keberatan dan/atau                       recognised when the result of objection/appeal is
         banding tersebut diterima. Manajemen juga dapat                   received. Management provides provision for future
         membentuk pencadangan terhadap liabilitas pajak                   tax liability at the estimated amount that will be
         di masa depan sebesar jumlah yang diestimasikan                   payable to the tax office if there is a probable tax
         akan dibayarkan ke kantor pajak jika berdasarkan                  exposure, based on management’s assessment as
         evaluasi pada tanggal laporan posisi keuangan                     of the date of consolidated statement of financial
         konsolidasian terdapat risiko pajak yang probable.                position. Assumptions and estimation used in the
         Asumsi dan estimasi yang digunakan dalam                          calculation of provision may involve element of
         perhitungan pembentukan cadangan tersebut                         uncertainty.
         memiliki unsur ketidakpastian.

         Taksiran pajak penghasilan Bank Mandiri dan                       The estimated corporate income tax of Bank Mandiri
         Entitas Anak dihitung untuk masing-masing                         and Subsidiaries are calculated for each company
         perusahaan sebagai badan hukum terpisah. Aset                     as a separate legal entity. Current tax assets and
         pajak kini (current tax assets) dan liabilitas pajak              current tax liabilities for different legal income
         kini (current tax liabilities) untuk badan hukum                  entities cannot be set-off in the consolidated
         yang berbeda tidak disalinghapuskan dalam                         financial statements. Corporate tax payables and
         laporan keuangan konsolidasian. Utang pajak                       other tax payables of Bank Mandiri and Subsidiaries
         penghasilan badan dan utang pajak lainnya Bank                    are presented as “Taxes payable“ in the
         Mandiri dan Entitas Anak disajikan sebagai “Utang                 consolidated statement of financial position.
         pajak” di laporan posisi keuangan konsolidasian.
                                                            142
Page 1157
                                                                                         The original consolidated financial statements
                                                                                       included herein are in the Indonesian language.

         PT BANK MANDIRI (PERSERO) Tbk                                         PT BANK MANDIRI (PERSERO) Tbk
             DAN ENTITAS ANAKNYA                                                     AND ITS SUBSIDIARIES
       CATATAN ATAS LAPORAN KEUANGAN                                            NOTES TO THE CONSOLIDATED
                  KONSOLIDASIAN                                                     FINANCIAL STATEMENTS
        Tanggal 31 Desember 2025 dan untuk                                       As of 31 December 2025 and for
       Tahun Berakhir pada Tanggal Tersebut                                         for the Year Then Ended
          (Disajikan dalam jutaan Rupiah,                                       (Expressed in millions of Rupiah,
              kecuali dinyatakan lain)                                              unless otherwise stated)

2.   INFORMASI KEBIJAKAN AKUNTANSI MATERIAL                        2.   MATERIAL ACCOUNTING POLICY INFORMATION
     (lanjutan)                                                         (continued)

     ad. Perpajakan (lanjutan)                                          ad. Income tax (continued)

         Aset dan liabilitas pajak tangguhan dapat saling                   Deferred income tax assets and liabilities are
         hapus apabila terdapat hak yang berkekuatan                        offsetted if there is a legally enforceable right to
         hukum untuk melakukan saling hapus antara aset                     offset current tax assets against current tax liabilities
         dan liabilitas pajak kini dan apabila aset dan                     and if the deferred income tax assets and liabilities
         liabilitas pajak penghasilan tangguhan dikenakan                   relate to income taxes levied by the same taxation
         oleh otoritas perpajakan yang sama, baik atas                      authority on either for the same taxable entity or
         entitas kena pajak yang sama atau berbeda dan                      different taxable entities where there is an intention
         adanya niat untuk melakukan penyelesaian saldo-                    to settle the balances on a net basis.
         saldo tersebut secara neto.

     ae. Dana syirkah temporer                                          ae. Temporary syirkah funds

         Dana syirkah temporer adalah dana yang diterima                    Temporary syirkah funds represent funds received
         oleh Entitas Anak. Entitas Anak mempunyai hak                      by a Subsidiary. The Subsidiary has the right to
         untuk mengelola dan menginvestasikan dana,                         manage and invest funds in accordance with either
         baik sesuai dengan kebijakan Entitas Anak atau                     the Subsidiary’s policy or restriction set by the
         kebijakan pembatasan dari pemilik dana, dengan                     depositors with the agreed profit sharing.
         keuntungan      dibagikan     sesuai    dengan
         kesepakatan.

         Hubungan antara Entitas Anak dan pemilik dana                      Relationship between the Subsidiary and the owner
         syirkah temporer merupakan hubungan kemitraan                      of temporary syirkah funds are based on partnership
         berdasarkan akad Mudharabah muthlaqah,                             Mudharabah muthlaqah, Mudharabah muqayyadah
         Mudharabah muqayyadah atau musyarakah.                             or musyarakah.

         Contoh dari dana syirkah temporer adalah                           The examples of temporary syirkah funds are
         penerimaan dana dari investasi Mudharabah                          investment funds received from Mudharabah
         muthlaqah, Mudharabah muqayyadah dan akun                          muthlaqah, Mudharabah muqayyadah and other
         lain yang sejenis.                                                 similar accounts.
         1) Mudharabah muthlaqah adalah Mudharabah                          1) Mudharabah             muthlaqah      represents
              dimana pemilik dana (shahibul maal)                                Mudharabah in which the fund owner (shahibul
              memberikan kebebasan kepada pengelola                              maal)      entrusts    the    fund    manager
              dana     (mudharib/Entitas  Anak)    dalam                         (mudharib/Subsidiary)      in   managing    its
              pengelolaan investasinya.                                          investment.
         2) Mudharabah           muqayyadah       adalah                    2) Mudharabah            muqayyadah      represents
              Mudharabah       dimana    pemilik    dana                         Mudharabah in which the fund owner sets
              memberikan batasan kepada pengelola dana,                          restrictions to the fund manager regarding,
              antara lain mengenai tempat, cara dan atau                         among others, the place, the means and/or the
              obyek investasi.                                                   object of investment.

         Dana syirkah temporer tidak dapat digolongkan                      Temporary syirkah funds cannot be classified as
         sebagai liabilitas. Hal ini karena Entitas Anak tidak              liability because the Subsidiary does not have any
         mempunyai liabilitas, ketika mengalami kerugian,                   liability to return the fund to the owners when
         untuk mengembalikan jumlah dana awal dari                          experience losses, except for losses due to the
         pemilik dana kecuali akibat kelalaian atau                         Subsidiary’s management negligence or default. On
         wanprestasi Entitas Anak. Dana syirkah temporer                    the other hand, temporary syirkah funds also cannot
         tidak dapat digolongkan sebagai ekuitas karena                     be classified as equity, because of the existence of
         mempunyai waktu jatuh tempo dan pemilik dan                        maturity period and the depositors do not have the
         tidak mempunyai hak kepemilikan yang sama                          same rights as the shareholders, such as voting
         dengan pemegang saham seperti hak voting dan                       rights and the rights of realised gain from current
         hak atas realisasi keuntungan yang berasal dari                    asset and other non-investment accounts.
         aset lancar dan aset non investasi.




                                                             143
Page 1158
                                                                                       The original consolidated financial statements
                                                                                     included herein are in the Indonesian language.

         PT BANK MANDIRI (PERSERO) Tbk                                          PT BANK MANDIRI (PERSERO) Tbk
             DAN ENTITAS ANAKNYA                                                      AND ITS SUBSIDIARIES
       CATATAN ATAS LAPORAN KEUANGAN                                             NOTES TO THE CONSOLIDATED
                  KONSOLIDASIAN                                                      FINANCIAL STATEMENTS
        Tanggal 31 Desember 2025 dan untuk                                        As of 31 December 2025 and for
       Tahun Berakhir pada Tanggal Tersebut                                          for the Year Then Ended
          (Disajikan dalam jutaan Rupiah,                                        (Expressed in millions of Rupiah,
              kecuali dinyatakan lain)                                               unless otherwise stated)

2.   INFORMASI KEBIJAKAN AKUNTANSI MATERIAL                      2.   MATERIAL ACCOUNTING POLICY INFORMATION
     (lanjutan)                                                       (continued)

     ae. Dana syirkah temporer (lanjutan)                             ae. Temporary syirkah funds (continued)

         Dana syirkah temporer merupakan salah satu                      Temporary syirkah funds represent one of the
         unsur laporan posisi keuangan konsolidasian,                    consolidated statement of financial position
         yang memberikan hak kepada Entitas Anak untuk                   accounts which is in accordance with sharia
         mengelola, termasuk untuk mencampur dana                        principle that provide right to the Subsidiary to
         dimaksud dengan dana lainnya.                                   manage fund, including to combine the funds with
                                                                         the other funds.

         Pemilik dana syirkah temporer memperoleh                        The owner of temporary syirkah funds receive parts
         bagian atas keuntungan sesuai kesepakatan dan                   of profit in accordance with the agreement and
         menerima kerugian berdasarkan jumlah dana dari                  receive loss based on the proportion to the total
         masing-masing pihak. Pembagian hasil dana                       funds. The profit distribution of temporary syirkah
         syirkah temporer dapat dilakukan dengan konsep                  funds might be based on profit sharing or revenue
         bagi hasil atau bagi untung.                                    sharing concept.


     af. Pendapatan   dan   beban     bunga           serta           af. Interest income and expense and sharia income
         pendapatan dan beban syariah                                     and expense

         (i)   Konvensional                                               (i)   Conventional
               Pendapatan dan beban bunga untuk semua                           Interest income and expense for all interest-
               instrumen keuangan dengan interest bearing                       bearing financial instruments are recognised as
               dicatat dalam “Pendapatan bunga” dan                             “Interest income” and “Interest expense” in the
               “Beban bunga” di dalam laporan laba rugi dan                     consolidated statement of profit or loss and
               penghasilan komprehensif lain konsolidasian                      other comprehensive income using the
               menggunakan metode suku bunga efektif.                           effective interest method.

               Metode suku bunga efektif adalah metode                          The effective interest method is a method used
               yang digunakan untuk menghitung biaya                            for calculating the amortised cost of financial
               perolehan diamortisasi dari aset keuangan                        assets and liabilities and method for allocating
               atau liabilitas keuangan dan metode untuk                        the interest income or interest expense over the
               mengalokasikan pendapatan bunga atau                             relevant period.
               beban bunga selama periode yang relevan.

         (ii) Pendapatan syariah                                          (ii) Sharia income

               Di dalam pendapatan dan beban bunga                              Included in interest income and expense are
               terdapat pendapatan dan beban berdasarkan                        sharia income and expense based on sharia
               prinsip syariah. Pendapatan pengelolaan                          principle. The Subsidiary's income as a fund
               dana oleh Entitas Anak sebagai mudharib                          manager (mudharib) consists of income from
               terdiri atas pendapatan pembiayaan dengan                        murabahah and istishna transactions, income
               akad murabahah, istishna, ijarah dan                             from ijarah (leasing), income from profit sharing
               pendapatan dari bagi hasil yaitu Mudharabah,                     of Mudharabah, musyarakah financing and
               musyarakah dan pendapatan usaha utama                            other main operating income.
               lainnya.

               Suku bunga efektif adalah suku bunga yang                        The effective interest rate is the rate that
               secara tepat mendiskontokan estimasi                             exactly discounts estimated future cash
               pembayaran atau penerimaan kas di masa                           payments or receipts through the expected life
               datang selama perkiraan umur dari instrumen                      of the financial instrument or, when
               keuangan, atau jika lebih tepat, digunakan                       appropriate, a shorter period to obtain the net
               periode yang lebih singkat untuk memperoleh                      carrying amount of the financial asset or
               nilai tercatat bersih dari aset keuangan atau                    financial liability.
               liabilitas keuangan.




                                                           144
Page 1159
                                                                                     The original consolidated financial statements
                                                                                   included herein are in the Indonesian language.

         PT BANK MANDIRI (PERSERO) Tbk                                       PT BANK MANDIRI (PERSERO) Tbk
             DAN ENTITAS ANAKNYA                                                   AND ITS SUBSIDIARIES
       CATATAN ATAS LAPORAN KEUANGAN                                          NOTES TO THE CONSOLIDATED
                  KONSOLIDASIAN                                                   FINANCIAL STATEMENTS
        Tanggal 31 Desember 2025 dan untuk                                     As of 31 December 2025 and for
       Tahun Berakhir pada Tanggal Tersebut                                       for the Year Then Ended
          (Disajikan dalam jutaan Rupiah,                                     (Expressed in millions of Rupiah,
              kecuali dinyatakan lain)                                            unless otherwise stated)

2.   INFORMASI KEBIJAKAN AKUNTANSI MATERIAL                       2.   MATERIAL ACCOUNTING POLICY INFORMATION
     (lanjutan)                                                        (continued)

     af. Pendapatan   dan   beban     bunga      serta                 af. Interest income and expense and sharia income
         pendapatan dan beban syariah (lanjutan)                           and expense (continued)

             Pada saat menghitung suku bunga efektif,                         When calculating the effective interest rate, the
             Grup mengestimasi arus kas dengan                                Group estimates cash flows considering all
             mempertimbangkan seluruh persyaratan                             contractual terms of the financial instrument but
             kontraktual dalam instrumen keuangan                             does not consider future credit losses. The
             tersebut, namun tidak mempertimbangkan                           calculation includes all commissions, provision
             kerugian kredit di masa datang. Perhitungan                      and other fees received between parties in the
             ini mencakup seluruh komisi, provisi dan                         contract that are an integral part of the effective
             bentuk lain yang diterima oleh para pihak                        interest rate, transaction costs and all other
             dalam kontrak yang merupakan bagian tak                          premiums or discounts.
             terpisahkan dari suku bunga efektif, biaya
             transaksi dan seluruh premi atau diskon
             lainnya.

             Jika aset keuangan atau kelompok aset                            Once a financial asset or a group of similar
             keuangan serupa telah diturunkan nilainya                        financial assets has been written down as
             sebagai akibat kerugian penurunan nilai,                         a result of an impairment loss, subsequently,
             maka pendapatan bunga yang diperoleh                             interest income is recognised for the
             setelahnya diakui atas bagian aset keuangan                      non-impaired portion of the impaired financial
             yang tidak mengalami penurunan nilai dari                        assets using the interest rate used to discount
             aset keuangan yang mengalami penurunan                           the future cash flows for measuring the
             nilai, berdasarkan suku bunga yang                               impairment loss.
             digunakan untuk mendiskonto arus kas masa
             datang    dalam      menghitung     kerugian
             penurunan nilai.

             Pengakuan keuntungan transaksi murabahah                         Murabahah transaction income recognition
             dengan pembayaran tangguh atau secara                            through deferred payment or installment is
             angsuran dilakukan selama periode akad                           executed during the period of the contract
             sesuai dengan metode tingkat imbal hasil                         based on effective rate of return method
             efektif.                                                         (annuity).

             Berdasarkan PSAK 402, pendapatan                                 According to SFAS 402, murabahah income
             murabahah         yang     termasuk       marjin                 which     includes     deferred     margin     and
             ditangguhkan dan pendapatan administrasi,                        administrative income are recognised as
             diakui dengan menggunakan metode setara                          income using method that equivalent to the
             tingkat imbal hasil efektif, yaitu tingkat imbal                 effective rate of return method, which is the rate
             hasil setara yang akan mendiskonto secara                        that exactly discounts estimated future cash
             tepat estimasi pembayaran atau penerimaan                        payments or receipts through the expected life
             kas di masa datang sepanjang perkiraan                           of the financial instrument or a shorter period,
             umur instrumen keuangan tersebut atau, jika                      where appropriate, for the net carrying amount
             lebih tepat untuk masa yang lebih singkat                        of the financial asset or financial liability.
             untuk nilai tercatat bersih dari aset keuangan
             atau liabilitas keuangan.

             Perhitungan          dilakukan       dengan                      The calculation takes into account all
             memperhitungkan seluruh syarat dan                               contractual terms and condition the financial
             ketentuan     kontraktual    dari instrumen                      assets and includes any fees or incremental
             keuangan dan biaya tambahan yang timbul                          costs that are directly attributable to the assets
             secara langsung untuk instrumen tersebut                         and are integral part of the effective rate of
             dan merupakan bagian tidak terpisahkan dari                      return.
             tingkat imbal hasil.

             Pendapatan     istishna   diakui    dengan                       Income from istishna is recognised using the
             menggunakan         metode       persentase                      percentage of completion or full completion
             penyelesaian atau metode akad selesai.                           method.


                                                            145
Page 1160
                                                                                    The original consolidated financial statements
                                                                                  included herein are in the Indonesian language.

         PT BANK MANDIRI (PERSERO) Tbk                                      PT BANK MANDIRI (PERSERO) Tbk
             DAN ENTITAS ANAKNYA                                                  AND ITS SUBSIDIARIES
       CATATAN ATAS LAPORAN KEUANGAN                                         NOTES TO THE CONSOLIDATED
                  KONSOLIDASIAN                                                  FINANCIAL STATEMENTS
        Tanggal 31 Desember 2025 dan untuk                                    As of 31 December 2025 and for
       Tahun Berakhir pada Tanggal Tersebut                                      for the Year Then Ended
          (Disajikan dalam jutaan Rupiah,                                    (Expressed in millions of Rupiah,
              kecuali dinyatakan lain)                                           unless otherwise stated)

2.   INFORMASI KEBIJAKAN AKUNTANSI MATERIAL                      2.   MATERIAL ACCOUNTING POLICY INFORMATION
     (lanjutan)                                                       (continued)

     af. Pendapatan   dan   beban     bunga      serta                af. Interest income and expense and sharia income
         pendapatan dan beban syariah (lanjutan)                          and expense (continued)

         (ii) Pendapatan syariah (lanjutan)                              (ii) Sharia income (continued)

             Pendapatan ijarah diakui selama masa akad                       Income from ijarah is recognised proportionally
             secara proporsional.                                            during the contract period.

             Pendapatan bagi hasil musyarakah yang                           Profit sharing income for passive partner in
             menjadi hak mitra pasif diakui dalam periode                    musyarakah is recognised in the period when
             terjadinya hak bagi hasil sesuai nisbah yang                    the profit sharing rights arise in accordance
             disepakati.                                                     with the agreed profit sharing ratio.

             Pendapatan bagi hasil Mudharabah diakui                         Profit sharing income for Mudharabah is
             dalam periode terjadinya hak bagi hasil                         recognised in the period when the profit sharing
             sesuai nisbah yang disepakati dan tidak                         rights arise in accordance with agreed profit
             diperkenankan mengakui pendapatan dari                          sharing ratio and the recognition based on
             proyeksi hasil usaha.                                           projection of income is not allowed.

             Setoran dari debitur dengan kualitas non-                       Any payment from non-performing debtors
             performing      diperlakukan      sebagai                       recognised is treated as the repayment cost or
             pengembalian harga perolehan atau pokok                         loan/financing principal.
             piutang/pembiayaan.

             Kelebihan pembayaran di atas harga                              Excess payment over the cost or loan/financing
             perolehan atau pokok piutang/pembiayaan                         principal recognised as income when the cash
             diakui sebagai pendapatan pada saat                             received. Specific for ijarah transactions, any
             diterimanya. Khusus untuk transaksi ijarah,                     payment                                    from
             setoran dari debitur dengan kualitas non-                       non-performing debtors recognised as the
             performing diperlakukan sebagai pelunasan                       settlement of ijarah receivables.
             piutang sewa.

             Hak nasabah atas bagi hasil dana syirkah                        Customers’ (fund owner) share on the return of
             temporer merupakan bagian bagi laba milik                       temporary syirkah funds represent fund
             nasabah yang didasarkan pada prinsip                            owners’ share of the profit of Subsidiary derived
             Mudharabah     muthlaqah,      Mudharabah                       from managing of such funds under
             muqayyadah dan Mudharabah musytarakah                           Mudharabah         mutlaqah,        Mudharabah
             atas hasil pengelolaan dana mereka oleh                         muqayyadah and Mudharabah musytarakah
             Entitas Anak. Pendapatan yang dibagikan                         principles. The profit sharing is determined on
             adalah pendapatan yang telah diterima.                          the earned income.

         (iii) Hak pihak ketiga atas bagi hasil dana syirkah             (iii) Third parties’ share on return of temporary
               temporer                                                        syirkah funds

             Pembagian laba dilakukan berdasarkan                            Distribution of profit is based on profit sharing
             prinsip bagi hasil yaitu dihitung dari                          principle which is calculated from the
             pendapatan Entitas Anak yang diterima                           Subsidiary’s earned income which in the form
             berupa laba bruto (gross profit margin).                        of gross profit margin.

             Jumlah pendapatan marjin dan bagi hasil atas                    Total margin income and profit sharing on
             pembiayaan yang diberikan dan atas aset                         financing given to debtors and other productive
             produktif lainnya akan dibagikan kepada                         assets will be distributed to the fund owner and
             nasabah penyimpan dana dan Entitas Anak,                        Subsidiary, calculated proportionally according
             dihitung secara proporsional sesuai dengan                      to the fund allocation of fund owner and
             alokasi dana nasabah dan Entitas Anak yang                      subsidiary that were used in the financing given
             dipakai dalam pembiayaan yang diberikan                         to debtors and other productive assets.
             dan aset produktif lainnya yang disalurkan.



                                                           146
Page 1161
                                                                                     The original consolidated financial statements
                                                                                   included herein are in the Indonesian language.

         PT BANK MANDIRI (PERSERO) Tbk                                        PT BANK MANDIRI (PERSERO) Tbk
             DAN ENTITAS ANAKNYA                                                    AND ITS SUBSIDIARIES
       CATATAN ATAS LAPORAN KEUANGAN                                           NOTES TO THE CONSOLIDATED
                  KONSOLIDASIAN                                                    FINANCIAL STATEMENTS
        Tanggal 31 Desember 2025 dan untuk                                      As of 31 December 2025 and for
       Tahun Berakhir pada Tanggal Tersebut                                        for the Year Then Ended
          (Disajikan dalam jutaan Rupiah,                                      (Expressed in millions of Rupiah,
              kecuali dinyatakan lain)                                             unless otherwise stated)

2.   INFORMASI KEBIJAKAN AKUNTANSI MATERIAL                      2.   MATERIAL ACCOUNTING POLICY INFORMATION
     (lanjutan)                                                       (continued)

     af. Pendapatan   dan   beban     bunga      serta                af. Interest income and expense and sharia income
         pendapatan dan beban syariah (lanjutan)                          and expense (continued)

         (iii) Hak pihak ketiga atas bagi hasil dana syirkah              (iii) Third parties’ share on return of temporary
               temporer (lanjutan)                                              syirkah funds (continued)

             Selanjutnya, jumlah pendapatan marjin dan                        Furthermore, available margin income and
             bagi hasil yang tersedia untuk nasabah dari                      profit sharing for fund owner from financing
             fasilitas pembiayaan yang diberikan dan aset                     facilities given to debtors and other distributed
             produktif lainnya yang disalurkan tersebut                       earning assets are distributed to fund owners
             kemudian dibagihasilkan ke nasabah                               and depositor as shahibul maal and the
             penabung dan deposan sebagai shahibul                            Subsidiary as mudharib based on a
             maal dan Entitas Anak sebagai mudharib                           predetermined and agreed profit sharing with
             sesuai dengan porsi nisbah bagi hasil yang                       nisbah portion. Margin income and profit
             telah disepakati bersama sebelumnya.                             sharing from financing facilities given to debtors
             Pendapatan marjin dan bagi hasil dari                            and other distributed earning assets using the
             pembiayaan yang diberikan dan aset                               Subsidiary’s funds, are entirely shared for the
             produktif lainnya yang disalurkan yang                           Subsidiary, including income from the
             memakai dana Entitas Anak, seluruhnya                            Subsidiary’s fee-based transactions.
             menjadi milik Entitas Anak, termasuk
             pendapatan dari transaksi Entitas Anak
             berbasis imbalan.

     ag. Pendapatan asuransi - neto                                   ag. Insurance revenue - net

         Sejak tanggal 1 Januari 2025                                    Since 1 January 2025

         Pendapatan Asuransi                                             Insurance Revenue

         Pendapatan asuransi Entitas Anak mencerminkan                   The insurance revenue of the Subsidiary reflects the
         penyediaan perlindungan dan layanan lain yang                   provision of coverage and other services arising
         timbul dari sekelompok kontrak asuransi dengan                  from a group of insurance contracts at an amount
         jumlah yang mencerminkan imbalan yang                           that reflects the consideration expected to be
         diharapkan diterima Entitas Anak sebagai imbalan                received by the Subsidiary in exchange for those
         atas layanan tersebut. Pendapatan asuransi dari                 services. The insurance revenue from a group of
         sekelompok kontrak asuransi merupakan bagian                    insurance contracts is the relevant portion for that
         yang relevan untuk periode tersebut, yang                       period, which is reflected in:
         tercerminkan dari:

          Biaya layanan asuransi, tidak termasuk jumlah                   Insurance service expenses, excluding any
           yang dialokasikan untuk komponen kerugian                        amounts      allocated         to    the     loss
           dari kewajiban untuk perlindungan yang                           component of the liability for remaining
           tersisa.                                                         coverage.
         Pelepasan Contractual Service Margin (CSM).                     The Contractual Service Margin (CSM) release.
         Jumlah yang terkait dengan arus kas akuisisi                    Amounts related to insurance acquisition cash
           asuransi.                                                        flows.
        Pelepasan penyesuaian risiko untuk risiko non-                   The risk adjustment release for non-financial risk,
        keuangan, tidak       termasuk     jumlah   yang                 excluding any amounts allocated tothe loss
        dialokasikan untuk komponen kerugian dari                        component of the liability for remaining coverage
        kewajiban untuk perlindungan yang tersisa.




                                                           147
Page 1162
                                                                                       The original consolidated financial statements
                                                                                     included herein are in the Indonesian language.

         PT BANK MANDIRI (PERSERO) Tbk                                         PT BANK MANDIRI (PERSERO) Tbk
             DAN ENTITAS ANAKNYA                                                     AND ITS SUBSIDIARIES
       CATATAN ATAS LAPORAN KEUANGAN                                            NOTES TO THE CONSOLIDATED
                  KONSOLIDASIAN                                                     FINANCIAL STATEMENTS
        Tanggal 31 Desember 2025 dan untuk                                       As of 31 December 2025 and for
       Tahun Berakhir pada Tanggal Tersebut                                         for the Year Then Ended
          (Disajikan dalam jutaan Rupiah,                                       (Expressed in millions of Rupiah,
              kecuali dinyatakan lain)                                              unless otherwise stated)

2.   INFORMASI KEBIJAKAN AKUNTANSI MATERIAL                       2.   MATERIAL ACCOUNTING POLICY INFORMATION
     (lanjutan)                                                        (continued)

     ag. Pendapatan asuransi - neto (lanjutan)                         ag. Insurance revenue - net (continued)

         Biaya jasa asuransi                                               Insurance service expense

         Biaya jasa asuransi mencerminkan beban yang                       Insurance service expense reflects the costs
         timbul dari pelaksanaan jasa asuransi selama                      incurred in providing insurance services during the
         periode pelaporan. Biaya jasa asuransi meliputi:                  reporting period. Insurance service expense
                                                                           includes:

          Beban akuisisi amortisasi yang terkait dengan                      Amortized acquisition expenses related to
           kontrak asuransi                                                    insurance contracts
          Kerugian dan pembalikan kerugian atas                              Losses and reversal of losses on onerous
           kontrak yang merugikan                                              contracts
          Klaim dan manfaat yang dibayarkan (termasuk                        Claims and benefits paid (including claims
           biaya penyelesaian klaim)                                           handling costs)
          Biaya lain yang secara langsung berhubungan                        Other expenses directly attributable to the
           dengan penyediaan jasa asuransi                                     provision of insurance services

         Entitas Anak mengakui biaya jasa asuransi pada                   The Subsidiaries recognizes insurance service
         saat terjadinya dan mengukurnya sebesar jumlah                   expenses as they are incurred and measures them
         yang      dibayarkan  atau    terutang,   serta                  at the amount paid or payable, adjusted by the
         menyesuaikan nilai kini dari estimasi arus kas                   present value of expected future cash outflows to
         keluar masa depan untuk memenuhi kewajiban                       fulfill the insurance contract obligations.
         kontrak asuransi.

         Estimasi arus kas masa depan didasarkan pada                     The estimation of future cash flows is based on
         asumsi terbaik manajemen mengenai mortalitas,                    management’s       best    estimates,    including
         morbiditas, tingkat pembatalan, biaya operasional,               assumptions related to mortality, morbidity, lapse
         serta tingkat diskonto yang mencerminkan nilai                   rates, operating expenses, and discount rates that
         waktu atas uang dan risiko non-keuangan.                         reflect the time value of money and non-financial
                                                                          risks.

         Sebelum tanggal 1 Januari 2025                                   Before 1 January 2025

         Pendapatan premi kontrak asuransi jangka                          Premium income received from short-term
         pendek diakui sebagai pendapatan selama                           insurance contracts is recognised as revenue over
         periode risiko sesuai dengan proporsi jumlah                      the period of risk coverage in proportion to the
         proteksi asuransi yang diberikan. Pendapatan                      amounts of insurance protection provided. Premium
         premi kontrak asuransi jangka panjang diakui                      income from long-term insurance contracts is
         sebagai pendapatan pada saat polis jatuh tempo.                   recognised as revenue when the policy is due.

         Pendapatan premi yang diterima sebelum jatuh                      Premiums income received before the due date of
         tempo polis dicatat sebagai titipan premi di laporan              the respective policies is stated as policyholders’
         posisi keuangan konsolidasian.                                    deposits in the consolidated statement of financial
                                                                           position.

         Beban klaim dan manfaat terdiri dari klaim yang                   Claims and benefits expense consist of settled
         telah    diselesaikan,    klaim dalam     proses                  claims, claims that are still in process of settlement
         penyelesaian dan estimasi atas klaim yang telah                   and estimates of claims incurred but not yet
         terjadi namun belum dilaporkan (IBNR). Klaim dan                  reported (IBNR). Claims and benefits are
         manfaat diakui sebagai beban pada saat                            recognised as expenses when the liabilities to cover
         terjadinya liabilitas untuk memberikan proteksi.                  claims are incurred. Claim recoveries from
         Klaim reasuransi yang diperoleh dari perusahaan                   reinsurance companies are recognised and
         reasuradur diakui dan dicatat sebagai pengurang                   recorded as deduction from claims and benefits
         beban klaim dan manfaat pada periode yang sama                    expenses consistent in the same period with the
         dengan periode pengakuan beban klaim dan                          claim and benefits expenses recognition.
         manfaat.




                                                            148
Page 1163
                                                                                     The original consolidated financial statements
                                                                                   included herein are in the Indonesian language.

         PT BANK MANDIRI (PERSERO) Tbk                                      PT BANK MANDIRI (PERSERO) Tbk
             DAN ENTITAS ANAKNYA                                                  AND ITS SUBSIDIARIES
       CATATAN ATAS LAPORAN KEUANGAN                                         NOTES TO THE CONSOLIDATED
                  KONSOLIDASIAN                                                  FINANCIAL STATEMENTS
        Tanggal 31 Desember 2025 dan untuk                                    As of 31 December 2025 and for
       Tahun Berakhir pada Tanggal Tersebut                                      for the Year Then Ended
          (Disajikan dalam jutaan Rupiah,                                    (Expressed in millions of Rupiah,
              kecuali dinyatakan lain)                                           unless otherwise stated)

2.   INFORMASI KEBIJAKAN AKUNTANSI MATERIAL                     2.   MATERIAL ACCOUNTING POLICY INFORMATION
     (lanjutan)                                                      (continued)

     ag. Pendapatan asuransi - neto (lanjutan)                       ag. Insurance revenue - net (continued)

         Sebelum tanggal 1 Januari 2025 (lanjutan)                      Before 1 January 2025 (continued)

         Jumlah klaim dalam penyelesaian, termasuk klaim                 Total claims in process of settlement, including
         yang telah terjadi namun belum dilaporkan,                      claims incurred but not yet reported, are stated at
         dinyatakan berdasarkan estimasi menggunakan                     estimated amounts determined based on the
         teknik perhitungan teknis oleh aktuaris.                        actuarial technical insurance calculations. Changes
         Perubahan dalam estimasi liabilitas klaim, sebagai              in estimated claims liabilities as a result of further
         hasil dari evaluasi lebih lanjut dan perbedaan                  evaluation and the difference between estimated
         antara estimasi klaim dengan klaim yang                         claims and paid claims are recognised as addition
         dibayarkan, diakui sebagai biaya tambahan atau                  to or deduction from expenses in the period which
         pengurang biaya pada periode terjadinya                         the changes occurred.
         perubahan.

     ah. Pendapatan provisi dan komisi                               ah. Fees and commissions income

         Pendapatan provisi dan komisi dan biaya                         Fees and commissions income and transaction
         transaksi yang dapat diatribusikan secara                       costs that are directly attributable to lending
         langsung yang berkaitan dengan kegiatan                         activities, consumer financing receivables and net
         pemberian kredit, piutang pembiayaan konsumen                   investment finance lease, are recognised as
         dan investasi bersih dalam sewa pembiayaan                      a part/(deduction) of outstanding loan, consumer
         diakui sebagai bagian/(pengurang) dari nilai                    financing receivables and net investment finance
         perolehan kredit, piutang pembiayaan konsumen                   lease and will be recognised as interest income by
         dan investasi bersih dalam sewa pembiayaan dan                  amortisation using effective interest rate method.
         akan diakui sebagai pendapatan bunga dengan
         cara diamortisasi berdasarkan metode suku
         bunga efektif.

         Untuk kredit, piutang pembiayaan konsumen dan                   The directly attributable unamortised fees and
         investasi bersih dalam sewa pembiayaan yang                     commissions balances relating to loans, consumer
         diberikan dan dilunasi sebelum jatuh temponya,                  financing receivables and net investment finance
         saldo pendapatan provisi dan/atau komisi dan                    lease which is settled prior to maturity are
         biaya transaksi yang dapat diatribusikan secara                 recognised upon settlement date of such loans,
         langsung yang belum diamortisasi, diakui pada                   consumer financing and net investment finance
         saat kredit yang diberikan, piutang pembiayaan                  lease.
         konsumen dan investasi bersih dalam sewa
         pembiayaan dilunasi.

         Pendapatan provisi dan komisi lainnya yang tidak                Other fees and commissions income which are not
         berkaitan langsung dengan kegiatan perkreditan                  directly related to lending activities or a specific
         atau jangka waktu tertentu diakui pada saat                     period are recognised as revenue on the transaction
         terjadinya transaksi.                                           date.

     ai. Imbalan kerja                                               ai. Employee benefits

         Liabilitas pensiun                                              Pension liability

         Bank Mandiri menyelenggarakan program                           Bank Mandiri established a defined contribution
         pensiun iuran pasti yang pesertanya adalah                      pension plan covering substantially all of its eligible
         pegawai aktif Bank Mandiri sejak tanggal                        active employees since 1 August 1999 and also
         1 Agustus 1999, serta program pensiun manfaat                   defined benefit pension plans, which were derived
         pasti yang berasal dari masing-masing dana                      from each of the Merged Banks’ pension plan. This
         pensiun Bank Peserta Penggabungan. Program                      program is funded through payment to pension
         ini didanai melalui pembayaran kepada pengelola                 fund’s management as defined in the actuarial
         dana pensiun sebagaimana ditentukan dalam                       calculation which done regularly.
         perhitungan aktuaria yang dilakukan secara
         berkala.


                                                          149
Page 1164
                                                                                       The original consolidated financial statements
                                                                                     included herein are in the Indonesian language.

         PT BANK MANDIRI (PERSERO) Tbk                                        PT BANK MANDIRI (PERSERO) Tbk
             DAN ENTITAS ANAKNYA                                                    AND ITS SUBSIDIARIES
       CATATAN ATAS LAPORAN KEUANGAN                                           NOTES TO THE CONSOLIDATED
                  KONSOLIDASIAN                                                    FINANCIAL STATEMENTS
        Tanggal 31 Desember 2025 dan untuk                                      As of 31 December 2025 and for
       Tahun Berakhir pada Tanggal Tersebut                                        for the Year Then Ended
          (Disajikan dalam jutaan Rupiah,                                      (Expressed in millions of Rupiah,
              kecuali dinyatakan lain)                                             unless otherwise stated)

2.   INFORMASI KEBIJAKAN AKUNTANSI MATERIAL                       2.   MATERIAL ACCOUNTING POLICY INFORMATION
     (lanjutan)                                                        (continued)

     ai. Imbalan kerja (lanjutan)                                      ai. Employee benefits (continued)

         Liabilitas pensiun (lanjutan)                                     Pension liability (continued)

         Liabilitas imbalan pensiun Bank Mandiri dan                       Bank Mandiri and Subsidiaries’ pension liability
         Entitas Anak dihitung dengan membandingkan                        have been calculated by comparing the benefit that
         manfaat yang akan diterima oleh karyawan dari                     will be received by an employee at normal pension
         program pensiun pada usia pensiun normal                          age from the Pension Plans with the benefit that will
         dengan manfaat yang akan diterima berdasarkan                     be received as stipulated under the Employment
         UU Ketenagakerjaan No. 13/2003 dimana telah                       Law No. 13/2003 which has been updated using the
         diperbaharui menggunakan UU Cipta Kerja                           Employment Regulations No. 11/2020 as amended
         No. 11/2020 sebagaimana diubah dengan UU No.                      by UU No. 6/2023 regarding Government In Lieu Of
         6/2023 tentang Penetapan Peraturan Pemerintah                     Law No. 2 Of 2022 regarding Stipulation
         Pengganti Undang-Undang No. 2 Tahun 2022                          Employment Regulations Become Law based on
         Tentang Cipta Kerja Menjadi Undang-Undang                         the Collective Labor Agreement which was renewed
         berdasarkan Perjanjian Kerja Bersama yang telah                   at the end of 2021 after deducting accumulated
         diperbaharui pada akhir 2021 setelah dikurangi                    employee contributions and the results of its
         dengan akumulasi kontribusi karyawan dan hasil                    investments. If the pension benefit from the Pension
         investasinya. Apabila manfaat pensiun lebih kecil                 Plans is less than the benefit as required by the
         dari pada manfaat menurut UU Cipta Kerja No.                      Employment Regulations No. 11/2020, the Bank
         11/2020, maka Bank dan Entitas Anak membayar                      and Subsidiaries will have to pay such shortage.
         kekurangan tersebut.

         Program       pensiun     berdasarkan       UU                    The pension plan based on the Labor Law is
         Ketenagakerjaan adalah program imbalan pasti                      a defined benefit plan because the Labor Law sets
         karena UU Ketenagakerjaan menentukan rumus                        a certain formula to calculate the minimum pension
         tertentu untuk menghitung jumlah minimum                          benefit. A defined contribution plan is a pension plan
         imbalan pensiun. Program pensiun iuran pasti                      that defines an amount of pension contribution
         adalah program pensiun yang iurannya ditetapkan                   based on pension fund regulation and all
         dalam peraturan dana pensiun dan seluruh iuran                    contribution including investment return are
         serta hasil pengembangannya dibukukan pada                        recorded in its account’s member as pension benefit
         rekening masing-masing peserta sebagai manfaat                    as stated in Law No. 4 year 2023 dated
         pensiun sebagaimana tercantum dalam UU No. 4                      12 January 2023 regarding Development and
         tahun 2023 tanggal 12 Januari 2023 tentang                        Strengthening Financial Sector.
         Pengembangan       dan    Penguatan      Sektor
         Keuangan.

         Liabilitas program pensiun imbalan pasti yang                     The defined benefit pension liability recognised in
         diakui di laporan posisi keuangan konsolidasian                   the consolidated statement of financial position is
         adalah nilai kini dari liabilitas imbalan pasti pada              the present value of the defined benefit obligation at
         tanggal laporan posisi keuangan konsolidasian                     the consolidated statement of financial position date
         setelah dikurangi dengan nilai wajar aset program,                less the fair value of plan assets, adjusted with
         serta disesuaikan dengan keuntungan atau                          unrealised actuarial gains or losses and past
         kerugian aktuaria dan biaya jasa lalu yang belum                  service cost. The defined benefit obligation is
         diakui. Liabilitas manfaat pasti dihitung setiap                  calculated annually by independent actuaries using
         tahun oleh aktuaris independen menggunakan                        the projected unit credit method on a regular basis
         metode projected unit credit secara reguler untuk                 for periods not exceeding one year. The present
         periode tidak lebih dari satu tahun. Nilai kini                   value of the defined benefit obligation is determined
         liabilitas manfaat pasti ditentukan dengan                        by discounting the estimated future cash outflows
         mendiskontokan estimasi arus kas keluar masa                      using the discount rate of government bonds’ yield
         depan dengan menggunakan tingkat diskonto                         that are denominated in the currency in which the
         imbal hasil obligasi pemerintah dalam mata uang                   benefit will be paid, and that have terms to maturity
         yang sama dengan mata uang imbalan yang akan                      approximating the terms of the related pension
         dibayarkan dan waktu jatuh tempo yang kurang                      liability.
         lebih sama dengan waktu jatuh tempo imbalan
         yang bersangkutan.




                                                            150
Page 1165
                                                                                      The original consolidated financial statements
                                                                                    included herein are in the Indonesian language.

         PT BANK MANDIRI (PERSERO) Tbk                                       PT BANK MANDIRI (PERSERO) Tbk
             DAN ENTITAS ANAKNYA                                                   AND ITS SUBSIDIARIES
       CATATAN ATAS LAPORAN KEUANGAN                                          NOTES TO THE CONSOLIDATED
                  KONSOLIDASIAN                                                   FINANCIAL STATEMENTS
        Tanggal 31 Desember 2025 dan untuk                                     As of 31 December 2025 and for
       Tahun Berakhir pada Tanggal Tersebut                                       for the Year Then Ended
          (Disajikan dalam jutaan Rupiah,                                     (Expressed in millions of Rupiah,
              kecuali dinyatakan lain)                                            unless otherwise stated)

2.   INFORMASI KEBIJAKAN AKUNTANSI MATERIAL                      2.   MATERIAL ACCOUNTING POLICY INFORMATION
     (lanjutan)                                                       (continued)

     ai. Imbalan kerja (lanjutan)                                     ai. Employee benefits (continued)

         Liabilitas pensiun (lanjutan)                                    Pension liability (continued)

         Akumulasi keuntungan atau kerugian aktuarial                     The accumulated unrealised actuarial gains or
         yang belum diakui yang terjadi diakui sebagai                    losses incurred are recognised as “Other
         “Penghasilan komprehensif lain” dan disajikan                    comprehensive income” and is presented in the
         pada bagian ekuitas. Biaya jasa lalu dibebankan                  equity section. Past service cost is directly charged
         langsung pada laba rugi.                                         to profit or loss.

         Biaya imbalan pasca-kerja yang diakui selama                     The post-employment benefits expense recognised
         tahun berjalan terdiri dari biaya jasa dalam laba                during the current year consists of service cost in
         rugi, bunga neto atas liabilitas imbalan pasti neto              profit or loss, net interest on the net defined
         dalam laba rugi dan pengukuran kembali liabilitas                benefit liability in profit or loss and remeasurement
         imbalan    pasti    neto      dalam    penghasilan               of the net defined benefit liabilities in other
         komprehensif lain.                                               comprehensive income.

         Bunga neto atas imbalan pasti neto merupakan                     Net interest on the net defined benefit liabilities is
         komponen pendapatan bunga dari aset program,                     the interest income component of plan assets,
         biaya bunga atas liabilitas imbalan pasti dan                    interest expense of defined benefit liabilities and
         bunga atas dampak batas atas dari aset.                          interest on the effect of asset ceiling.

         Pengukuran kembali liabilitas imbalan pasti neto                 Remeasurements of the net defined benefit liability
         terdiri dari:                                                    consists of:
         -    Keuntungan dan kerugian aktuarial;                          -   Actuarial gains and losses;
         -    Imbal hasil atas aset program, tidak termasuk               -   Return on plan assets, excluding amount
              jumlah yang dimasukkan dalam bunga neto                         included in net interest on the net defined
              atas liabilitas imbalan pasti neto;                             benefit liability; and
         -    Setiap perubahan dampak batas atas aset,                    -   Any change in effect of the asset ceiling,
              tidak termasuk jumlah yang dimasukkan                           excluding amount including in net interest on
              dalam bunga neto atas liabilitas imbalan pasti                  the net defined benefit liability.
              neto.

         Keuntungan dan kerugian aktuarial dapat timbul                   Actuarial gains and losses may arise from the
         dari penyesuaian yang dibuat berdasarkan                         adjustments made based on the experience and
         pengalaman dan perubahan asumsi-asumsi                           changes in actuarial assumption.
         aktuarial.

         Liabilitas imbalan jangka panjang lainnya                        Other long-term employment benefit obligations

         Liabilitas imbalan jangka panjang lainnya terdiri                Other long-term employment benefit obligations
         dari cuti besar berimbalan dan penghargaan masa                  consist of paid leave and service awards.
         dinas.

         Hak atas imbalan ini pada umumnya diberikan                      The entitlement of these benefits are provided to the
         apabila karyawan bekerja hingga mencapai usia                    employees if employees work until reaching the
         pensiun dan memenuhi masa kerja tertentu.                        retirement age and the completion of a minimum
         Prakiraan biaya imbalan ini dicadangkan                          certain service period. The estimated costs for
         sepanjang masa kerja karyawan dan dihitung                       these benefits are accrued over the period of
         menggunakan metodologi yang sama dengan                          employment of respective employee calculated
         metodologi yang digunakan dalam perhitungan                      using similar methodology used for defined benefit
         program pensiun imbalan pasti, namun                             pension plans but is simpler. These obligations are
         disederhanakan. Liabilitas ini dinilai setiap tahun              calculated annually by qualified independent
         oleh aktuaris independen yang berkualifikasi.                    actuaries.




                                                           151
Page 1166
                                                                                     The original consolidated financial statements
                                                                                   included herein are in the Indonesian language.

         PT BANK MANDIRI (PERSERO) Tbk                                      PT BANK MANDIRI (PERSERO) Tbk
             DAN ENTITAS ANAKNYA                                                  AND ITS SUBSIDIARIES
       CATATAN ATAS LAPORAN KEUANGAN                                         NOTES TO THE CONSOLIDATED
                  KONSOLIDASIAN                                                  FINANCIAL STATEMENTS
        Tanggal 31 Desember 2025 dan untuk                                    As of 31 December 2025 and for
       Tahun Berakhir pada Tanggal Tersebut                                      for the Year Then Ended
          (Disajikan dalam jutaan Rupiah,                                    (Expressed in millions of Rupiah,
              kecuali dinyatakan lain)                                           unless otherwise stated)

2.   INFORMASI KEBIJAKAN AKUNTANSI MATERIAL                     2.   MATERIAL ACCOUNTING POLICY INFORMATION
     (lanjutan)                                                      (continued)

     ai. Imbalan kerja (lanjutan)                                    ai. Employee benefits (continued)

         Pembagian tantiem                                               Tantiem distribution

         Bank Mandiri mencatat tantiem dengan                            Bank Mandiri records tantiem on an accrual basis
         menggunakan      basis      akrual     dan                      and charges it to the consolidated statement of profit
         membebankannya pada laporan laba rugi dan                       or loss and other comprehensive income for the
         penghasilan komprehensif lain konsolidasian                     year.
         tahun berjalan.

     aj. Laba per saham                                              aj. Earnings per share

         Laba per saham dihitung dengan membagi laba                     Earnings per share is calculated by dividing the
         bersih konsolidasian akhir tahun berjalan dengan                consolidated net profit at end of year with the
         jumlah rata-rata tertimbang saham yang                          weighted average number of shares issued and fully
         ditempatkan dan disetor selama tahun berjalan.                  paid-in during the year.

         Jumlah rata-rata tertimbang saham yang beredar                  The weighted-average number of outstanding
         yang digunakan dalam menghitung laba per                        shares used in computing basic and diluted
         saham dasar dan dilusian pada tanggal                           earnings per share as of 31 December 2025 and
         31 Desember 2025 dan 2024 masing - masing                       2024 are 93,320,458,332 (full amount) and
         sebesar 93.320.458.332 (nilai penuh) dan                        93,333,333,332 (full amount) shares, respectively.
         93.333.333.332 (nilai penuh) lembar saham

     ak. Segmen operasi                                              ak. Operating segment

         Segmen operasi adalah suatu komponen dari                       An operating segment is a component of an entity:
         entitas:
         (a) Yang terlibat dalam aktivitas bisnis yang                   (a) That is involved in business activities to
              mana      memperoleh     pendapatan    dan                     generate income and expenses (include
              menimbulkan beban (termasuk pendapatan                         income and expenses relating to the
              dan beban terkait dengan transaksi dengan                      transactions with other components from the
              komponen lain dari entitas yang sama);                         same entity);
         (b) Hasil operasinya dikaji ulang secara reguler                (b) Whose operating results are reviewed regularly
              oleh pengambil keputusan operasional untuk                     by decision maker for operational activities for
              membuat keputusan tentang sumber daya                          decision making on allocation of resources in
              yang dialokasikan pada segmen tersebut dan                     respective      segment and performance
              menilai kinerjanya; dan                                        evaluation of works; and
         (c) Tersedia informasi keuangan yang dapat                      (c) For which separate financial information is
              dipisahkan.                                                    available.

         Sesuai dengan PSAK 108 “Segmen Operasi”,                       In accordance with SFAS 108 “Operating Segment”,
         Grup menyajikan segmen operasi berdasarkan                     the Group presents operating segment based on
         laporan internal grup yang disajikan kepada                    internal reports that are presented to the decision-
         pengambil keputusan operasional. Pengambil                     maker for operational activities. The decision maker
         keputusan operasional adalah Direksi.                          for operational activities is the Board of Directors.

         Informasi segmen per 31 Desember 2025 dan                      Segment information as of 31 December 2025 and
         2024 disajikan sesuai Keputusan Direksi No.                    2024 onwards presented in accordance with the
         KEP.DIR/014/2020 tanggal 25 Februari 2020,                     Board of Directors Decree No. KEP.DIR/014/2020
         dimana segmen operasi dibagi ke dalam segmen-                  dated 25 February 2020, In which the operating
         segmen usaha sebagai berikut: Corporate                        segments are divided into the following business
         Banking, Commercial Banking, Hubungan                          segments: Corporate        Banking, Commercial
         Kelembagaan, Retail Banking (termasuk Wealth),                 Banking, Institutional Relationship, Retail Banking
         Treasury & International Banking, Kantor Pusat,                (including Wealth), Treasury & International
         Entitas Anak Syariah, Entitas Anak - Asuransi, dan             Banking, Head Office, Sharia Subsidiary, Subsidiary
         Entitas Anak lainnya.                                          - Insurance and Other Subsidiaries.



                                                          152
Page 1167
                                                                                        The original consolidated financial statements
                                                                                      included herein are in the Indonesian language.

         PT BANK MANDIRI (PERSERO) Tbk                                         PT BANK MANDIRI (PERSERO) Tbk
             DAN ENTITAS ANAKNYA                                                     AND ITS SUBSIDIARIES
       CATATAN ATAS LAPORAN KEUANGAN                                            NOTES TO THE CONSOLIDATED
                  KONSOLIDASIAN                                                     FINANCIAL STATEMENTS
        Tanggal 31 Desember 2025 dan untuk                                       As of 31 December 2025 and for
       Tahun Berakhir pada Tanggal Tersebut                                         for the Year Then Ended
          (Disajikan dalam jutaan Rupiah,                                       (Expressed in millions of Rupiah,
              kecuali dinyatakan lain)                                              unless otherwise stated)

2.   INFORMASI KEBIJAKAN AKUNTANSI MATERIAL                        2.   MATERIAL ACCOUNTING POLICY INFORMATION
     (lanjutan)                                                         (continued)

     ak. Segmen operasi (lanjutan)                                      ak. Operating segment (continued)

         Segmen geografis adalah komponen Bank dan                          A geographical segment represents a component of
         Entitas Anak yang dapat dibedakan dalam                            the Bank and its Subsidiaries that provides services
         menghasilkan jasa pada lingkungan (wilayah)                        in different economic environment and has a
         ekonomi tertentu dan komponen itu memiliki risiko                  different risk and reward compared to others
         dan imbalan yang berbeda dengan risiko dan                         operating in different economic environment.
         imbalan pada komponen yang beroperasi pada                         Geographical segments are divided into Indonesia,
         lingkungan (wilayah) ekonomi lain. Segmen                          Asia (Singapore, Malaysia, Hong Kong, Timor Leste
         geografis dibagi ke dalam wilayah Indonesia, Asia                  and Shanghai), Western Europe (England) and
         (Singapura, Malaysia, Hong Kong, Timor Leste,                      Cayman Islands.
         dan Shanghai), Eropa Barat (Inggris), dan
         Cayman Islands.

     al. Tanggung jawab sosial dan lingkungan                           al. Social and environmental responsibility

         Berdasarkan Peraturan Menteri Badan Usaha                          Based on Minister of State-Owned Enterprises
         Milik Negara No. PER-01/MBU/03/2023 tentang                        Regulation No. PER-01/MBU/03/2023 regarding
         Penugasan Khusus dan Program Tanggung                              Special Assignments and Social and Environmental
         Jawab Sosial dan Lingkungan Badan Usaha Milik                      Responsibility      Programs     of   State-Owned
         Negara tanggal 24 Maret 2023, alokasi dana tidak                   Enterprises dated 24 March 2023, fund allocation
         dialokasikan dari saldo laba berdasarkan hasil                     was no longer allocated from retained earnings
         keputusan Rapat Umum Pemegang Saham                                based on the decision of the General Shareholders
         (“RUPS”) akan tetapi diakui dan dibebankan ke                      Meeting (“RUPS”), instead, it is recognised and
         laporan laba dan rugi dan penghasilan                              charged to the current year consolidated statement
         komprehensif lain konsolidasian tahun berjalan.                    of profit or loss and other comprehensive income.

     am. Saham treasuri                                                 am. Treasury shares

         Saham treasuri merupakan modal saham yang                          Treasury shares are share capital that is acquired
         diperoleh dan dimiliki kembali dari yang                           and owned back which from shares previously
         sebelumnya telah diterbitkan Bank. Saham                           issued by the Bank. Treasury shares are stated at
         treasuri disajikan sebesar nilai yang dibayar,                     the amount paid, including directly attributable
         termasuk biaya tambahan yang secara langsung                       additional costs (less income tax) and as
         dapat diatribusikan (dikurangi pajak penghasilan)                  a deduction from equity until the shares are
         dan sebagai pengurang dari ekuitas sampai                          canceled or reissued. When the shares are
         saham tersebut dibatalkan atau diterbitkan                         subsequently sold back, the amount received is
         kembali. Ketika saham tersebut selanjutnya dijual                  deducted by the related transaction surcharge and
         kembali, maka nilai yang diterima, dikurangi biaya                 the related income tax effect is presented in equity.
         tambahan transaksi yang terkait dan dampak
         pajak penghasilan yang terkait disajikan di
         ekuitas.

     an. Penggabungan usaha entitas sepengendali                        an. Business combination of common control
                                                                            entities

         Transaksi penggabungan usaha antara Entitas                        The transaction of business combination between
         Anak, PT Bank Syariah Mandiri (BSM), dengan                        Subsidiaries, PT Bank Syariah Mandiri (BSM), with
         PT Bank BRIsyariah Tbk (BRIS) dan PT Bank BNI                      PT Bank BRIsyariah Tbk (BRIS) and PT Bank BNI
         Syariah (BNIS) merupakan penggabungan usaha                        Syariah (BNIS) is a business combination between
         antar        entitas    sepengendali.     Transaksi                entities under common control. Business
         penggabungan usaha antar entitas sepengendali,                     combination transaction between entities under
         berupa pengalihan bisnis termasuk aset maupun                      common control, in the form of business transfer
         liabilitas terkait dalam rangka reorganisasi entitas-              including transfer of the related assets and liabilities
         entitas yang berada dalam suatu kelompok yang                      in relation to the reorganisation of entities under the
         sama bukan merupakan perubahan kepemilikan                         same group, do not constitute a change of
         dalam arti substansi ekonomi.                                      ownership in terms of economics susbtance.



                                                             153
Page 1168
                                                                                         The original consolidated financial statements
                                                                                       included herein are in the Indonesian language.

         PT BANK MANDIRI (PERSERO) Tbk                                          PT BANK MANDIRI (PERSERO) Tbk
             DAN ENTITAS ANAKNYA                                                      AND ITS SUBSIDIARIES
       CATATAN ATAS LAPORAN KEUANGAN                                             NOTES TO THE CONSOLIDATED
                  KONSOLIDASIAN                                                      FINANCIAL STATEMENTS
        Tanggal 31 Desember 2025 dan untuk                                        As of 31 December 2025 and for
       Tahun Berakhir pada Tanggal Tersebut                                          for the Year Then Ended
          (Disajikan dalam jutaan Rupiah,                                        (Expressed in millions of Rupiah,
              kecuali dinyatakan lain)                                               unless otherwise stated)

2.   INFORMASI KEBIJAKAN AKUNTANSI MATERIAL                         2.   MATERIAL ACCOUNTING POLICY INFORMATION
     (lanjutan)                                                          (continued)

     an. Penggabungan usaha entitas sepengendali                         an. Business combination of common control
         (lanjutan)                                                          entities (continued)

         Oleh karena itu, transaksi tersebut diakui pada                     Therefore, the transaction is recognised at carrying
         jumlah tercatat berdasarkan metode penyatuan                        value based on the pooling of the interest method.
         kepemilikan. Selisih antara imbalan yang                            The difference between the total consideration
         diterima/dialihkan dan jumlah tercatat investasi                    received or paid and the carrying amount of
         dicatat di ekuitas disajikan sebagai bagian dari pos                investment is recorded under equity and presented
         tambahan modal disetor.                                             as a component of additional paid in capital.

         Pada informasi keuangan Entitas Induk, Bank                         In the Parent Entity financial information, the Bank
         membukukan nilai investasi di entitas baru                          records its investment value in the new entity at cost
         menggunakan nilai terdahulu, di mana investasi                      using the predecessor value, where the investment
         dibukukan sebesar nilai buku.                                       is recorded at book value.

     ao. Aset dan liabilitas tidak lancar (atau kelompok                 ao. Non-current assets and liabilities (or disposal
         lepasan) dikuasai untuk dijual                                      group) held for sale

         Aset tidak lancar (atau kelompok lepasan) yang                      Non-current assets (or disposal groups) held for
         dikuasai untuk dijual merupakan aset yang nilai                     sale are assets whose carrying amount will be
         tercatatnya akan dipulihkan terutama melalui                        recovered primarily through a sale transaction
         transaksi penjualan daripada penggunaan                             rather than through continued use in the business,
         berlanjut dalam bisnis dan penjualannya sangat                      and their sale is highly probable. These assets are
         mungkin terjadi. Aset ini dicatat pada nilai yang                   recorded at the lower of carrying amount and fair
         lebih rendah antara jumlah tercatat dan nilai wajar                 value, with fewer costs to sell, except for assets
         setelah dikurangi biaya untuk menjual, kecuali                      such as deferred tax assets, assets related to
         untuk aset-aset seperti aset pajak tangguhan, aset                  employee benefits, and financial assets, which are
         yang terkait dengan imbalan kerja, dan aset                         specifically exempted.
         keuangan, yang secara khusus dikecualikan.

         Aset tidak lancar (atau kelompok lepasan) yang                      Non-current assets (or disposal groups) held for
         dikuasai untuk dijual tidak dilakukan penyusutan                    sale are not depreciated or amortised while
         dan amortisasi selama diklasifikasikan sebagai                      classified as held for sale. Impairment losses on
         aset tidak lancar yang dikuasai untuk dijual.                       non-current assets (or disposal groups) held for sale
         Kerugian penurunan nilai atas aset tidak lancar                     are recognised in the income statement as the
         (atau kelompok lepasan) yang dikuasai untuk                         difference between the carrying amount and the fair
         dijual diakui pada laba rugi sebesar selisih antara                 value less costs to sell. Gains on the difference
         nilai tercatat dengan nilai wajar setelah dikurangi                 between the carrying amount and the fair value, less
         dengan biaya untuk menjual. Keuntungan selisih                      costs to sell, are recognised in the income
         antara nilai tercatat dengan nilai wajar setelah                    statement up to the amount of any previously
         dikurangi biaya untuk menjual diakui pada laba                      recognised impairment loss.
         rugi maksimal sebesar akumulasi rugi penurunan
         nilai yang telah diakui sebelumnya.

         Aset tidak lancar (atau kelompok lepasan) yang                      Non-current assets (or disposal groups) held for
         dikuasai untuk dijual disajikan secara terpisah dari                sale are presented separately from other assets in
         aset lainnya dalam laporan posisi keuangan.                         the statement of financial position, and liabilities (or
         Liabilitas (atau kelompok lepasan) yang dikuasai                    disposal groups) held for sale are presented
         untuk dijual disajikan secara terpisah dari liabilitas              separately from other liabilities in the statement of
         lainnya dalam laporan posisi keuangan.                              financial position.




                                                              154
Page 1169
                                                                                          The original consolidated financial statements
                                                                                        included herein are in the Indonesian language.

            PT BANK MANDIRI (PERSERO) Tbk                                        PT BANK MANDIRI (PERSERO) Tbk
                DAN ENTITAS ANAKNYA                                                    AND ITS SUBSIDIARIES
          CATATAN ATAS LAPORAN KEUANGAN                                           NOTES TO THE CONSOLIDATED
                     KONSOLIDASIAN                                                    FINANCIAL STATEMENTS
           Tanggal 31 Desember 2025 dan untuk                                      As of 31 December 2025 and for
          Tahun Berakhir pada Tanggal Tersebut                                        for the Year Then Ended
             (Disajikan dalam jutaan Rupiah,                                      (Expressed in millions of Rupiah,
                 kecuali dinyatakan lain)                                             unless otherwise stated)

3.   PENGGUNAAN ESTIMASI DAN PERTIMBANGAN                           3.   USE OF CRITICAL ACCOUNTING ESTIMATES AND
     AKUNTANSI YANG PENTING                                              JUDGEMENTS

     Beberapa estimasi dan asumsi dibuat dalam rangka                    Several estimates and assumptions are created in the
     penyusunan laporan keuangan konsolidasian dimana                    preparation of the consolidated financial statements in
     dibutuhkan       pertimbangan manajemen    dalam                    which management judgment is required in determining
     menentukan metodologi yang tepat untuk penilaian                    the methodology in the valuation of assets and liabilities.
     aset dan liabilitas.

     Manajemen membuat estimasi dan asumsi yang                          Management makes estimation and assumptions that
     berimplikasi pada pelaporan nilai aset dan liabilitas               affect the reported amounts of assets and liabilities
     atas tahun keuangan satu tahun ke depan. Semua                      within the one next financial year. All estimation and
     estimasi dan asumsi yang diharuskan oleh Standar                    assumptions required in conformity with Statement of
     Akuntansi Keuangan di Indonesia adalah estimasi                     Financial Accounting Standard are the best estimation
     terbaik serta berdasarkan pada standar yang berlaku.                undertaken in accordance with the applicable
     Estimasi dan pertimbangan dievaluasi secara terus                   standards. Estimation and judgements are evaluated on
     menerus dan berdasarkan pengalaman masa lalu dan                    a continuous basis, and are based on past experience
     faktor-faktor lain termasuk harapan atas kejadian yang              and other factors, including expectations with regard to
     akan datang.                                                        future events.

     Walaupun estimasi dan asumsi ini dibuat berdasarkan                 Although these estimates and assumptions are based
     pengetahuan terbaik manajemen atas kejadian dan                     on management’s best knowledge of current events and
     tindakan saat ini, hasil yang timbul mungkin berbeda                activities, actual results may differ from those estimates
     dengan estimasi dan asumsi semula.                                  and assumptions.

     Sumber utama ketidakpastian estimasi                                Key sources of estimation uncertainty

     a.    Cadangan kerugian penurunan nilai aset                        a.   Allowances for impairment losses of financial
           keuangan                                                           assets

           Evaluasi atas kerugian penurunan nilai aset                        Evaluation of impairment losses on financial assets
           keuangan yang dicatat pada biaya perolehan                         which is recognised at amortised cost and debt
           diamortisasi dan efek utang yang diklasifikasikan                  securities classified as fair value through other
           sebagai nilai wajar melalui pendapatan                             comprehensive income are described in Note 2c.
           komprehensif lain dijelaskan di Catatan 2c.

           Cadangan kerugian penurunan nilai terkait                          Allowance for impairment losses related to
           dengan pihak lawan spesifik dalam seluruh                          a specific counterparty as part of the entire
           cadangan kerugian penurunan nilai dibentuk atas                    allowance for impairment losses are established for
           tagihan yang penurunan nilainya dievaluasi                         receivables that are individually evaluated for
           secara individual berdasarkan estimasi terbaik                     impairment based on management's best estimate
           manajemen atas nilai tunai arus kas yang                           of the present value of cash flows expected to
           diharapkan akan diterima. Dalam menghitung                         be received. In calculating the allowance for
           cadangan kerugian penurunan nilai, manajemen                       impairment      losses,    management        makes
           membuat pertimbangan mengenai kondisi                              judgements regarding of the financial condition of
           keuangan dari pihak lawan dan nilai neto yang                      the counterparty and the net realizable value of the
           dapat direalisasi dari agunan yang diterima.                       collateral received. Each impaired asset is
           Setiap aset yang mengalami penurunan nilai                         evaluated, and its settlement strategy and
           dievaluasi dan strategi penyelesaiannya serta                      estimation of cash flows considered recoverable are
           estimasi arus kas yang dinilai dapat diperoleh                     independently approved by the Credit Risk
           kembali dan disetujui secara independen oleh                       Management Unit.
           Credit Risk Management Unit.

           Evaluasi cadangan kerugian penurunan nilai                         Collectively assessed impairment allowances cover
           secara kolektif meliputi kerugian kredit yang                      credit losses inherent in portfolios with similar
           melekat pada portofolio tagihan dengan                             economic         characteristics       when       there
           karakteristik ekonomi yang serupa ketika terdapat                  is a significant increase in credit risk or objective
           kenaikan risiko kredit yang signifikan atau terdapat               evidence to suggest the impairments are exist
           bukti objektif bahwa telah terjadi penurunan nilai                 within the portfolio, but the individual impaired items
           tagihan dalam portofolio tersebut, namun                           cannot yet be identified.
           penurunan nilai secara individu belum dapat
           diidentifikasi.

                                                              155
Page 1170
                                                                                           The original consolidated financial statements
                                                                                         included herein are in the Indonesian language.

            PT BANK MANDIRI (PERSERO) Tbk                                         PT BANK MANDIRI (PERSERO) Tbk
                DAN ENTITAS ANAKNYA                                                     AND ITS SUBSIDIARIES
          CATATAN ATAS LAPORAN KEUANGAN                                            NOTES TO THE CONSOLIDATED
                     KONSOLIDASIAN                                                     FINANCIAL STATEMENTS
           Tanggal 31 Desember 2025 dan untuk                                       As of 31 December 2025 and for
          Tahun Berakhir pada Tanggal Tersebut                                         for the Year Then Ended
             (Disajikan dalam jutaan Rupiah,                                       (Expressed in millions of Rupiah,
                 kecuali dinyatakan lain)                                              unless otherwise stated)

3.   PENGGUNAAN ESTIMASI DAN PERTIMBANGAN                            3.   USE OF CRITICAL ACCOUNTING ESTIMATES AND
     AKUNTANSI YANG PENTING (lanjutan)                                    JUDGEMENTS (continued)

     Sumber utama ketidakpastian estimasi (lanjutan)                      Key sources of estimation uncertainty (continued)

     a.    Cadangan kerugian penurunan nilai aset                         a.   Allowances for impairment losses of financial
           keuangan (lanjutan)                                                 assets (continued)

           Dalam menentukan perlunya untuk membentuk                           In determining the need to establish allowance for
           cadangan kerugian penurunan nilai secara                            collective impairment, management considers
           kolektif, manajemen mempertimbangkan faktor-                        factors such as credit quality, size of portfolio, credit
           faktor seperti kualitas kredit, besarnya portofolio,                concentrations, and economic factors. In estimating
           konsentrasi kredit, dan faktor-faktor ekonomi.                      the required allowance, the assumptions made to
           Dalam mengestimasi cadangan yang dibutuhkan,                        determine expected default and loss model and to
           asumsi-asumsi dibuat untuk menentukan model                         determine the required input parameters which are
           kerugian ekspektasian dan untuk menentukan                          based on historical experience and estimated future
           parameter input yang diperlukan, berdasarkan                        economic conditions (forecasting). The accuracy of
           pengalaman historis, kondisi ekonomi saat ini, dan                  this allowance depends on how precise the
           prakiraan kondisi ekonomi di masa mendatang                         estimated future cash flows to determine the
           (forecasting). Ketepatan dari cadangan ini                          individual allowance and the model assumptions
           bergantung pada seberapa tepat estimasi arus                        and parameters used in determining collective
           kas masa depan untuk menentukan cadangan                            allowance.
           individual serta asumsi model dan parameter yang
           digunakan dalam penentuan cadangan kolektif.

     b.    Menentukan nilai wajar instrumen keuangan                      b. Determining fair values of financial instruments

           Dalam menentukan nilai wajar aset dan liabilitas                    In determining the fair value for financial assets and
           keuangan yang tidak mempunyai harga pasar,                          financial liabilities for which there is no observable
           Grup menggunakan teknik penilaian seperti yang                      market price, the Group uses the valuation
           dijelaskan dalam Catatan 2c untuk instrumen                         techniques as described in Note 2c for financial
           keuangan yang tidak diperdagangkan secara aktif                     instruments that are traded infrequently and have
           dan memiliki informasi harga yang terbatas, nilai                   limited pricing information, fair value is less
           wajar yang kurang objektif dan membutuhkan                          objective and requires varying degrees of
           berbagai tingkat penilaian tergantung pada                          judgement depending on liquidity, concentration,
           likuiditas, konsentrasi, faktor ketidakpastian pasar,               uncertainty of market factors, pricing assumptions
           asumsi harga, dan risiko lainnya.                                   and other risks.

     c.    Imbalan pensiun                                                c.   Pension benefits

           Program-program           pensiun        ditentukan                 Pension programs are determined based on
           berdasarkan       perhitungan     dari     aktuaria.                actuarial valuation. The actuarial valuation uses
           Perhitungan aktuaria menggunakan asumsi-                            assumptions such as discount rate, expected rate of
           asumsi seperti tingkat diskonto, tingkat                            return on investments, future salary increases,
           pengembalian investasi, tingkat kenaikan gaji,                      mortality rate, resignation rate and others (refer to
           tingkat kematian, tingkat pengunduran diri dan                      Note 2ai and 51). Any changes in those
           lain-lain (Catatan 2ai dan 51). Perubahan asumsi                    assumptions will impact the liability balance of
           ini akan mempengaruhi nilai liabilitas pensiun.                     employee benefit obligations.

           Grup menentukan tingkat diskonto yang sesuai                        The Group determines the appropriate discount rate
           pada akhir periode pelaporan, yakni zero coupon                     at the end of each year, which is the zero coupon
           bond yang digunakan untuk menentukan nilai kini                     bond that used to determine the present value of
           arus kas keluar masa depan estimasian yang                          estimated future cash outflows expected to settle
           diharapkan untuk menyelesaikan liabilitas                           the pension obligations.
           pensiun.

           Dalam menentukan tingkat suku bunga yang                            In determining the appropriate discount rate, the
           sesuai, Grup mempertimbangkan imbal hasil                           Group considers the government bonds’ yields
           obligasi pemerintah yang didenominasikan dalam                      denominated in currency and have similar period
           mata uang imbalan akan dibayar dan memiliki                         with payments that will be made and have terms to
           jangka waktu yang serupa dengan jangka waktu                        maturity approximating the terms of the related
           liabilitas pensiun yang terkait. Asumsi kunci                       employee benefit liability. Other key assumptions
           liabilitas pensiun lainnya sebagian ditentukan                      for pension obligations mostly are determined
           berdasarkan kondisi pasar saat ini.                                 based on current market conditions.
                                                               156
Page 1171
                                                                                       The original consolidated financial statements
                                                                                     included herein are in the Indonesian language.

            PT BANK MANDIRI (PERSERO) Tbk                                      PT BANK MANDIRI (PERSERO) Tbk
                DAN ENTITAS ANAKNYA                                                  AND ITS SUBSIDIARIES
          CATATAN ATAS LAPORAN KEUANGAN                                         NOTES TO THE CONSOLIDATED
                     KONSOLIDASIAN                                                  FINANCIAL STATEMENTS
           Tanggal 31 Desember 2025 dan untuk                                    As of 31 December 2025 and for
          Tahun Berakhir pada Tanggal Tersebut                                      for the Year Then Ended
             (Disajikan dalam jutaan Rupiah,                                    (Expressed in millions of Rupiah,
                 kecuali dinyatakan lain)                                           unless otherwise stated)

3.   PENGGUNAAN ESTIMASI DAN PERTIMBANGAN                          3.   USE OF CRITICAL ACCOUNTING ESTIMATES AND
     AKUNTANSI YANG PENTING (lanjutan)                                  JUDGEMENTS (continued)

     Sumber utama ketidakpastian estimasi (lanjutan)                    Key sources of estimation uncertainty (continued)

     d.    Kontrak asuransi                                             d. Insurance contracts

           Entitas anak mendasarkan asumsi dan                             The Subsidiary based its assumptions and
           estimasinya pada parameter yang tersedia saat                   estimates on parameters available when the
           laporan keuangan disusun. Namun, keadaan                        financial statements were prepared. Existing
           yang ada dan asumsi tentang perkembangan di                     circumstances and assumptions about future
           masa depan dapat berubah akibat perubahan                       developments, however, may change due to market
           pasar atau keadaan yang muncul di luar kendali                  changes or circumstances arising that are beyond
           Entitas Anak. Perubahan semacam itu akan                        the control of the Subsidiary. Such changes are
           tercermin dalam asumsi saat perubahan tersebut                  reflected in the assumptions when they occur.
           terjadi.

           Sejak tanggal 1 Januari 2025                                    Since 1 January 2025

           PSAK 117 berlaku untuk kontrak asuransi yang                    PSAK 117 applies to insurance contracts issued,
           diterbitkan, kontrak reasuransi yang diterbitkan                reinsurance contracts issued (inward business),
           (bisnis masuk), kontrak reasuransi yang dimiliki                reinsurance contracts held (outward business) and
           (bisnis keluar), dan kontrak investasi dengan fitur             investment contracts with discretionary participation
           partisipasi diskresioner, asalkan Entitas Anak juga             features provided the The Subsidiary also issues
           menerbitkan kontrak asuransi.                                   insurance contracts.

           Contractual Service Margin (“CSM”)                              Contractual Service Margin (“CSM”)

           Entitas Anak melakukan estimasi signifikan dalam                The Subsidiary makes significant estimates in
           pengukuran Contractual Service Margin (CSM)                     measuring the Contractual Service Margin (CSM).
           dalam penilaian liabilitas asuransi. CSM mewakili               The CSM represents the unearned profit for
           laba yang belum direalisasi atas kontrak asuransi               insurance contracts and is systematically amortized
           dan diamortisasi secara sistematis selama periode               over the coverage period.
           pertanggungan.

           Estimasi yang digunakan dalam penentuan CSM                     The estimates used in determining the CSM include
           mencakup proyeksi arus kas masa depan, asumsi                   Projections of future cash flows, discount rate
           tingkat diskonto, estimasi penyesuaian risiko dan               assumptions, risk adjustment estimates and other
           asumsi lainnya seperti mortalitas, morbiditas, dan              assumptions such as mortality, morbidity, and
           persistensi.                                                    persistency.

           Perubahan asumsi atau estimasi ini dapat                        Changes in these assumptions or estimates may
           berdampak signifikan terhadap jumlah CSM yang                   have a significant impact on the amount of CSM
           diakui. Entitas Anak melakukan tinjauan dan                     recognized. The Subsidiary reviews and updates its
           pembaruan estimasi secara berkala, setidaknya                   estimates periodically, at least at each reporting
           setiap akhir periode pelaporan, sesuai dengan                   date, in line with emerging experience and updated
           perkembangan informasi dan pengalaman aktual                    information.

           Probability-weighted atas proyeksi arus kas masa                Probability-weighted estimates of future cash flows
           depan

           Perkiraan arus kas masa depan mencerminkan                      The estimates of future cash flows reflect the
           pandangan Entitas Anak terhadap kondisi saat ini                Subsidiary’s view of current conditions at the
           pada tanggal pelaporan, dan perkiraan terhadap                  reporting date and estimates of any relevant market
           variabel pasar yang relevan konsisten dengan                    variables are consistent with observable market
           harga pasar yang dapat diamati.                                 prices.

           Dalam memperkirakan arus kas masa depan,                        When estimating future cash flows, the Subsidiary
           Entitas Anak mempertimbangkan ekspektasi saat                   takes into account current expectations of future
           ini terhadap peristiwa masa depan yang mungkin                  events that might affect those cash flows.
           mempengaruhi arus kas tersebut.


                                                             157
Page 1172
                                                                                           The original consolidated financial statements
                                                                                         included herein are in the Indonesian language.

            PT BANK MANDIRI (PERSERO) Tbk                                          PT BANK MANDIRI (PERSERO) Tbk
                DAN ENTITAS ANAKNYA                                                      AND ITS SUBSIDIARIES
          CATATAN ATAS LAPORAN KEUANGAN                                             NOTES TO THE CONSOLIDATED
                     KONSOLIDASIAN                                                      FINANCIAL STATEMENTS
           Tanggal 31 Desember 2025 dan untuk                                        As of 31 December 2025 and for
          Tahun Berakhir pada Tanggal Tersebut                                          for the Year Then Ended
             (Disajikan dalam jutaan Rupiah,                                        (Expressed in millions of Rupiah,
                 kecuali dinyatakan lain)                                               unless otherwise stated)

3.   PENGGUNAAN ESTIMASI DAN PERTIMBANGAN                              3.   USE OF CRITICAL ACCOUNTING ESTIMATES AND
     AKUNTANSI YANG PENTING (lanjutan)                                      JUDGEMENTS (continued)

     Sumber utama ketidakpastian estimasi (lanjutan)                        Key sources of estimation uncertainty (continued)

     d.    Kontrak asuransi (lanjutan)                                      d. Insurance contracts (continued)

           Sejak tanggal 1 Januari 2025 (lanjutan)                             Since 1 January 2025 (continued)

           Probability-weighted atas proyeksi arus kas masa                    Probability-weighted estimates of future cash flows
           depan (lanjutan)                                                    (continued)

           Ada berbagai asumsi ekonomi dan non-ekonomi                         There is a wide range of economic and non-
           yang digunakan sebagai masukan dalam proses                         econoomic assumptions that are used as inputs in
           perkiraan arus kas masa depan, termasuk, namun                      the future cash flows estimation process including,
           tidak terbatas pada, asumsi operasional seperti                     but not limited to, operating assumptions such as
           morbiditas, mortalitas, persisten, dan biaya, serta                 morbidity, mortality, persistency and expenses, and
           asumsi ekonomi seperti risk free rates dan illiquidity              economic assumptions such as risk free rates and
           premium.                                                            illiquidity premium.

           Penyesuaian risiko untuk risiko non-keuangan                        Risk adjustment for non-financial risk

           Pengukuran        penyesuaian      risiko   harus                   The measurement of risk adjustment should reflect
           mencerminkan kompensasi yang diperlukan oleh                        the compensation required by the Subsidiary for
           Entitas Anak untuk menanggung ketidakpastian                        bearing the uncertainty around the amount and
           terkait jumlah dan waktu arus kas masa depan yang                   timing of the future cash flows that arises from non-
           timbul dari risiko non-keuangan saat Entitas Anak                   financial risk as the Subsidiary fulfils insurance
           memenuhi kontrak asuransi.                                          contracts.

           Asumsi biaya yang digunakan dalam perkiraan                         Expense assumption used in future cash flow
           arus kas masa depan                                                 estimation

           Entitas Anak memperkirakan perkiraan biaya                          The Subsidiary estimates future cost projections
           masa depan yang berkaitan dengan pelaksanaan                        related to contract execution using the current cost
           kontrak menggunakan tingkat biaya saat ini yang                     rate adjusted for inflation. Most costs are
           disesuaikan dengan inflasi. Sebagian besar biaya                    recognized as attributable costs (direct costs)
           diakui sebagai biaya yang dapat diatribusikan                       consisting of acquisition and maintenance costs,
           (biaya langsung) yang terdiri dari biaya akuisisi                   except for litigation costs and Corporate Social
           dan pemeliharaan, kecuali biaya litigasi dan                        Responsibility (CSR) costs, which are classified as
           Tanggung Jawab Sosial Perusahaan (CSR) yang                         non-attributable costs.
           mana diklasifikasikan sebagai biaya yang tidak
           dapat diatribusikan.

           Tingkat diskonto                                                    Discount rates

           Entitas anak akan menerapkan pendekatan                             The subsidiary will adopt a bottom-up approach
           bottom-up dengan menggunakan kurva imbal                            using a market consistent yield curve based on risk
           hasil yang konsisten dengan pasar berdasarkan                       free rate and applying illiquidity premium.
           suku bunga bebas risiko dan penerapan premi
           illikuiditas

           Sebelum tanggal 1 Januari 2025                                      Before 1 January 2025

           Liabilitas kepada pemegang polis (manfaat polis                     Liabilities to policyholders (future policy benefits
           masa depan dari produk non-unit link dan estimasi                   from non-unit linked products and estimated claim
           liabilitas klaim) Entitas Anak dicatat di laporan posisi            liabilities) of Subsidiaries are recorded in the
           keuangan konsolidasian sebagai bagian dari                          consolidated statement of financial position as part
           liabilitas kontrak asuransi berdasarkan perhitungan                 of insurance contract liabilities based on actuarial
           aktuaris dengan menggunakan asumsi aktuarial                        calculations using actuarial assumptions, which is
           yaitu asumsi estimasi terbaik dan marjin atas risiko                the best estimate assumptions and margin for risk
           pemburukan.                                                         of deterioration.


                                                                 158
Page 1173
                                                                                       The original consolidated financial statements
                                                                                     included herein are in the Indonesian language.

            PT BANK MANDIRI (PERSERO) Tbk                                       PT BANK MANDIRI (PERSERO) Tbk
                DAN ENTITAS ANAKNYA                                                   AND ITS SUBSIDIARIES
          CATATAN ATAS LAPORAN KEUANGAN                                          NOTES TO THE CONSOLIDATED
                     KONSOLIDASIAN                                                   FINANCIAL STATEMENTS
           Tanggal 31 Desember 2025 dan untuk                                     As of 31 December 2025 and for
          Tahun Berakhir pada Tanggal Tersebut                                       for the Year Then Ended
             (Disajikan dalam jutaan Rupiah,                                     (Expressed in millions of Rupiah,
                 kecuali dinyatakan lain)                                            unless otherwise stated)

3.   PENGGUNAAN ESTIMASI DAN PERTIMBANGAN                        3.   USE OF CRITICAL ACCOUNTING ESTIMATES AND
     AKUNTANSI YANG PENTING (lanjutan)                                JUDGEMENTS (continued)

     Sumber utama ketidakpastian estimasi (lanjutan)                  Key sources of estimation uncertainty (continued)

     e.    Aset pajak tangguhan                                       e.   Deferred tax assets

           Aset pajak tangguhan diakui atas seluruh                        Deferred tax assets are recognised for all deductible
           perbedaan temporer yang dapat dikurangkan,                      temporary differences, as long as taxable income
           sepanjang besar kemungkinannya bahwa                            most likely will be available so that the temporary
           penghasilan kena pajak akan tersedia sehingga                   differences can be utilised. Significant estimation by
           perbedaan temporer tersebut dapat digunakan.                    management are required in determining the
           Estimasi signifikan oleh manajemen disyaratkan                  amount of deferred tax assets that can be
           dalam menentukan jumlah aset pajak tangguhan                    recognised, based on utilisation period and the level
           yang dapat diakui, berdasarkan saat penggunaan                  of taxable income and future tax planning
           dan tingkat penghasilan kena pajak serta strategi               strategies. The Bank does not consider some of the
           perencanaan pajak masa depan. Bank tidak                        benefits of deferred tax assets as management
           memperhitungkan sebagian manfaat aset pajak                     believes that those part of deferred tax assets will
           tangguhan karena manajemen Bank berpendapat                     not be recoverable in the future.
           bahwa aset pajak tangguhan tersebut tidak dapat
           terpulihkan di masa yang akan datang.

     f.    Penyusutan dan estimasi umur manfaat aset                  f.   Depreciation and estimated useful life of fixed
           tetap                                                           assets

           Biaya perolehan aset tetap disusutkan dengan                    Cost of acquisition of fixed assets are depreciated
           menggunakan metode garis lurus berdasarkan                      using the straight-line method based on their
           taksiran masa manfaat ekonomisnya. Manajemen                    estimated    economic       useful    life.  Bank’s
           Bank mengestimasi masa manfaat ekonomis aset                    management estimates the useful lives of the fixed
           tetap antara 4 (empat) sampai dengan 20 (dua                    assets between 4 (four) to 20 (twenty) years.
           puluh) tahun.

           Perubahan tingkat pemakaian dan perkembangan                    Changes in the level of usage and technological
           teknologi dapat mempengaruhi masa manfaat                       developments could affect the economic useful lives
           ekonomis dan nilai sisa aset, dan karenanya biaya               and residual value of assets, and therefore future
           penyusutan masa depan mungkin direvisi.                         depreciation charges may be revised.

           Nilai tercatat atas aset tetap Bank diungkapkan                 The carrying value of the Bank’s fixed assets is
           pada Catatan 18.                                                disclosed in Note 18.

     g.    Penurunan nilai aset non-keuangan                          g.   Impairment of non-financial assets

           Bank Mandiri dan Entitas Anak mengevaluasi                      Bank Mandiri and its Subsidiaries assess
           penurunan nilai aset non-keuangan apabila                       impairment of non-financial assets whenever there
           terdapat kejadian atau perubahan keadaan yang                   are events or changes in circumstances indicate
           mengindikasikan bahwa nilai tercatat aset non-                  that the carrying value of non-financial assets
           keuangan tidak dapat dipulihkan kembali. Faktor-                cannot be recovered. Important factors that could
           faktor penting yang dapat menyebabkan                           cause impairment of non-financial assets are as
           penurunan nilai aset non-keuangan adalah                        follows:
           sebagai berikut:
           a) Performa yang tidak tercapai secara                          a)   Performance is not achieved significantly
                signifikan terhadap ekspektasi historis atau                    against historical expectations or projected
                proyeksi hasil operasi di masa yang akan                        operating results in the future;
                datang;
           b) Perubahan yang signifikan dalam cara                         b)   A significant change in the way of the asset
                penggunaan aset atau strategi bisnis secara                     usage or the overall business strategy; and
                keseluruhan; dan
           c) Industri atau tren ekonomi yang secara                       c)   Industry or economic trends are significantly
                signifikan bernilai negatif.                                    negative.




                                                           159
Page 1174
                                                                                          The original consolidated financial statements
                                                                                        included herein are in the Indonesian language.

            PT BANK MANDIRI (PERSERO) Tbk                                        PT BANK MANDIRI (PERSERO) Tbk
                DAN ENTITAS ANAKNYA                                                    AND ITS SUBSIDIARIES
          CATATAN ATAS LAPORAN KEUANGAN                                           NOTES TO THE CONSOLIDATED
                     KONSOLIDASIAN                                                    FINANCIAL STATEMENTS
           Tanggal 31 Desember 2025 dan untuk                                      As of 31 December 2025 and for
          Tahun Berakhir pada Tanggal Tersebut                                        for the Year Then Ended
             (Disajikan dalam jutaan Rupiah,                                      (Expressed in millions of Rupiah,
                 kecuali dinyatakan lain)                                             unless otherwise stated)

3.   PENGGUNAAN ESTIMASI DAN PERTIMBANGAN                           3.   USE OF CRITICAL ACCOUNTING ESTIMATES AND
     AKUNTANSI YANG PENTING (lanjutan)                                   JUDGEMENTS (continued)

     Sumber utama ketidakpastian estimasi (lanjutan)                     Key sources of estimation uncertainty (continued)

     g.    Penurunan nilai aset non-keuangan (lanjutan)                  g.   Impairment of non-financial assets (continued)

           Manajemen Bank dan Entitas Anak mengakui                           The Management of the Bank and its Subsidiaries
           kerugian penurunan nilai apabila nilai tercatat aset               recognise an impairment loss if the carrying amount
           melebihi nilai terpulihkannya. Nilai terpulihkan                   of the asset exceeds its recoverable amount.
           adalah nilai yang lebih tinggi antara nilai wajar                  Recoverable amount is the higher value between
           dikurang biaya pelepasan dengan nilai pakai aset                   the fair value minus costs of disposal and the value
           (atau unit penghasil kas). Nilai terpulihkan                       in use of the asset (or cash-generating unit).
           diestimasi untuk aset individual atau, jika tidak                  Recoverable amount is estimated for individual
           memungkinkan, untuk unit penghasil kas yang                        assets or, if not possible, for the cash-generating
           mana aset tersebut merupakan bagian daripada                       unit in which the asset is part of the unit.
           unit tersebut.

     h.    Revaluasi atas nilai wajar tanah                              h.   Revaluations of land

           Grup menggunakan spesialis penilai independen                      The Group engaged independent valuation
           untuk menilai nilai wajar atas tanah. Tanah dinilai                specialists to assess fair value of land. Lands were
           berdasarkan referensi atas bukti berdasarkan                       valued by reference to market-based evidence,
           pasar, menggunakan nilai yang dapat diukur                         using comparable prices adjusted for specific
           setelah disesuaikan dengan faktor pasar spesifik                   market factors such as location and condition of
           seperti lokasi dan kondisi dari tanah.                             land.

     i.    Menentukan jangka waktu kontrak dengan                        i.   Determine the contract term with options for
           opsi perpanjangan dan penghentian kontrak -                        extension and termination of the contract - the
           Grup sebagai penyewa                                               Group as lessee

           Grup menentukan jangka waktu sewa sebagai                          The Group determines the lease term as the term of
           jangka waktu sewa yang tidak dapat dibatalkan,                     the lease that cannot be canceled, together with the
           bersama dengan periode yang dicakup oleh opsi                      period covered based on the option to extend the
           untuk memperpanjang masa sewa jika dipastikan                      lease if it is determined to be exercised, or any
           akan dilaksanakan, atau periode apa pun yang                       period covered by the option to terminate the lease,
           dicakup oleh opsi untuk menghentikan sewa, jika                    if it is reasonably not to do so.
           cukup wajar untuk tidak dilakukan.

           Grup memiliki beberapa kontrak sewa yang                           The Group has several lease contracts that include
           mencakup opsi perpanjangan dan penghentian                         options for extension and termination of the lease
           jangka waktu sewa. Grup menerapkan penilaian                       terms. The Group applies its judgment in evaluating
           dalam mengevaluasi apakah dapat dipastikan jika                    whether it is certain to exercise the option to extend
           akan menggunakan opsi untuk memperpanjang                          or terminate the lease. This is done by considering
           atau menghentikan sewa. Hal tersebut dilakukan                     all relevant facts and circumstances that provide
           dengan mempertimbangkan seluruh fakta dan                          economic incentives to extend or terminate the
           keadaan yang relevan yang memberikan insentif                      lease. After the commencement date, the Group
           ekonomi untuk melakukan perpanjangan atau                          reassesses the lease term, if there is a significant
           penghentian sewa. Setelah tanggal dimulainya,                      event or change in circumstances which is under its
           Grup menilai kembali masa sewa, jika terdapat                      control and affects whether the lessee is certain
           peristiwa atau perubahan signifikan dalam                          enough to exercise the option to extend or terminate
           keadaan yang berada dalam kendali dan                              the lease.
           mempengaruhi apakah penyewa cukup pasti
           untuk mengeksekusi opsi memperpanjang atau
           menghentikan sewa.




                                                              160
Page 1175
                                                                                            The original consolidated financial statements
                                                                                          included herein are in the Indonesian language.

            PT BANK MANDIRI (PERSERO) Tbk                                          PT BANK MANDIRI (PERSERO) Tbk
                DAN ENTITAS ANAKNYA                                                      AND ITS SUBSIDIARIES
          CATATAN ATAS LAPORAN KEUANGAN                                             NOTES TO THE CONSOLIDATED
                     KONSOLIDASIAN                                                      FINANCIAL STATEMENTS
           Tanggal 31 Desember 2025 dan untuk                                        As of 31 December 2025 and for
          Tahun Berakhir pada Tanggal Tersebut                                          for the Year Then Ended
             (Disajikan dalam jutaan Rupiah,                                        (Expressed in millions of Rupiah,
                 kecuali dinyatakan lain)                                               unless otherwise stated)

3.   PENGGUNAAN ESTIMASI DAN PERTIMBANGAN                            3.    USE OF CRITICAL ACCOUNTING ESTIMATES AND
     AKUNTANSI YANG PENTING (lanjutan)                                     JUDGEMENTS (continued)

     Sumber utama ketidakpastian estimasi (lanjutan)                       Key sources of estimation uncertainty (continued)

     Pertimbangan akuntansi yang penting                                   Significant accounting judgements

     Pertimbangan akuntansi yang penting dalam                             Accounting judgements that are important in applying
     menerapkan kebijakan akuntansi Bank dan Entitas                       accounting policies of the Bank and its Subsidiaries
     Anak meliputi:                                                        include:

     a.    Usaha yang berkelanjutan                                        a.   Going concern

           Manajemen Bank dan Entitas Anak telah                                The Management of the Bank and its Subsidiaries
           melakukan penilaian atas kemampuan Bank dan                          have assessed the ability of the Bank and its
           Entitas Anak untuk melanjutkan kelangsungan                          Subsidiaries to continue its business and believes
           usahanya dan berkeyakinan bahwa Bank dan                             that the Bank and Subsidiaries have the resources
           Entitas Anak memiliki sumber daya untuk                              to continue their business in the future. In addition,
           melanjutkan usahanya di masa mendatang.                              management is not aware of any material
           Selain itu, manajemen tidak mengetahui adanya                        uncertainties that may cause significant doubt on
           ketidakpastian material yang dapat menimbulkan                       the ability of the Bank and Subsidiaries to maintain
           keraguan yang signifikan terhadap kemampuan                          its viability. Therefore, the consolidated financial
           Bank dan Entitas Anak untuk mempertahankan                           statements have been prepared on the basis of a
           kelangsungan hidupnya. Oleh karena itu, laporan                      going concern.
           keuangan konsolidasian telah disusun atas dasar
           usaha yang berkelanjutan.

     b.    Klasifikasi aset dan liabilitas keuangan                        b.   Classification of financial assets and liabilities

           Manajemen Bank dan Entitas Anak menetapkan                           The Management of the Bank and its Subsidiaries
           klasifikasi atas aset dan liabilitas tertentu sebagai                determine the classification of certain assets and
           aset keuangan dan liabilitas keuangan dengan                         liabilities as financial assets and financial liabilities
           mempertimbangkan bila definisi yang ditetapkan                       by considering whether the definitions set under
           PSAK 109 telah dipenuhi sejak 1 Januari 2020.                        SFAS 109 have been fulfilled since 1 January 2020.
           Dengan demikian, aset keuangan dan liabilitas                        Accordingly, financial assets and financial liabilities
           keuangan diakui sesuai dengan kebijakan                              are recognised in accordance with the accounting
           akuntansi Bank dan Entitas Anak seperti                              policy of the Bank and its Subsidiaries as disclosed
           diungkapkan pada Catatan 2.c.vi.                                     in Note 2.c.vi.

4.   GIRO PADA BANK INDONESIA                                        4.    CURRENT ACCOUNTS WITH BANK INDONESIA

                                                  31 Desember 2025/       31 Desember 2024/
                                                  31 December 2025        31 December 2024

     Rupiah                                              219.552.183               91.407.695                                   Rupiah
     Dolar Amerika Serikat                                                                                         United States Dollar
      (Catatan 62.B.(iv))                                 18.737.295               13.738.349                       (Note 62.B.(iv))

     Total                                               238.289.478             105.146.044                                      Total




                                                               161
Page 1176
                                                                                                                       The original consolidated financial statements
                                                                                                                     included herein are in the Indonesian language.

            PT BANK MANDIRI (PERSERO) Tbk                                                                  PT BANK MANDIRI (PERSERO) Tbk
                DAN ENTITAS ANAKNYA                                                                              AND ITS SUBSIDIARIES
          CATATAN ATAS LAPORAN KEUANGAN                                                                     NOTES TO THE CONSOLIDATED
                     KONSOLIDASIAN                                                                              FINANCIAL STATEMENTS
           Tanggal 31 Desember 2025 dan untuk                                                                As of 31 December 2025 and for
          Tahun Berakhir pada Tanggal Tersebut                                                                  for the Year Then Ended
             (Disajikan dalam jutaan Rupiah,                                                                (Expressed in millions of Rupiah,
                 kecuali dinyatakan lain)                                                                       unless otherwise stated)

5.   GIRO PADA BANK LAIN                                                             5.    CURRENT ACCOUNTS WITH OTHER BANKS

     a.    Berdasarkan mata uang, pihak berelasi dan pihak                                 a.    By currency, related parties and third parties:
           ketiga:

                                                            31 Desember 2025/             31 Desember 2024/
                                                            31 December 2025              31 December 2024

          Rupiah                                                                                                                                                Rupiah
            Pihak berelasi (Catatan 56)                                   102.858                             116.554                      Related parties (Note 56)
            Pihak ketiga                                                  120.456                             287.836                                   Third parties

          Total                                                           223.314                             404.390                                                    Total

          Mata uang asing                                                                                                                          Foreign currencies
            Pihak berelasi (Catatan 56)                                   99.035                              77.857                       Related parties (Note 56)
            Pihak ketiga                                              60.630.234                          46.186.192                                    Third parties

          Total (Catatan 62.B.(iv))                                   60.729.269                          46.264.049                                 Total (Note 62.B.(iv))

                                                                      60.952.583                          46.668.439
          Dikurangi: cadangan kerugian                                                                                                                Less: allowance for
            penurunan nilai                                                (27.621)                           (30.755)                               impairment losses

          Neto                                                        60.924.962                          46.637.684                                                       Net


           Termasuk dalam mata uang asing adalah                                                Included in foreign currencies are mainly Great
           terutama mata uang Pound Sterling Inggris, Dolar                                     Britain Pound Sterling, United States Dollar,
           Amerika Serikat, Euro Eropa, Yen Jepang, Dolar                                       European Euro, Japanese Yen, Australian Dollar,
           Australia, Dolar Hong Kong, Yuan China, dan                                          Hong Kong Dollar, Chinese Yuan, and Singapore
           Dolar Singapura.                                                                     Dollar.

           Berikut adalah perubahan giro pada bank lain                                         Movements of current accounts with other banks
           dengan klasifikasi biaya perolehan diamortisasi:                                     classified as amortised cost are as follows:

                                                                    31 Desember 2025/31 December 2025
                                                                                                               Syariah*)/
                                             Stage 1            Stage 2              Stage 3                    Sharia*)                 Total

          Saldo awal                         45.245.481                    -                          -            1.422.958            46.668.439             Beginning balance

          Pengukuran kembali bersih                                                                                                                    Remeasurement of
            nilai tercatat**)                 9.003.798                    -                          -            1.238.501            10.242.299 net carrying amount**)
          Aset keuangan baru                                                                                                                         New financial assets
            yang diterbitkan atau                                                                                                                            originated or
            dibeli                              836.865                    -                          -                 8.146              845.011             purchased
          Aset keuangan yang                                                                                                                              Financial assets
            dihentikan pengakuannya              (18.745)                  -                          -             (116.292)             (135.037)        derecognised

          Total penambahan/(penurunan)                                                                                                                Total increase/(decrease)
             tahun berjalan                   9.821.918                    -                          -            1.130.355            10.952.273            during the year
          Lain-lain***)                       3.248.936                    -                          -               82.935             3.331.871                    Others***)

          Saldo akhir                        58.316.335                    -                          -            2.636.248            60.952.583              Ending balance

           *)                                                                                   *)
                Tidak menerapkan PSAK 109.                                                                Not implement SFAS 109.
           **)                                                                                  **)
                Termasuk di dalam pengukuran kembali bersih adalah pembayaran                             Including in the net remeasurement is repayment.
                kembali.
           ***)                                                                                 ***)
                Termasuk selisih kurs karena penjabaran mata uang asing.                                  Included effect of foreign currencies translation.




                                                                               162
Page 1177
                                                                                                                              The original consolidated financial statements
                                                                                                                            included herein are in the Indonesian language.

            PT BANK MANDIRI (PERSERO) Tbk                                                                         PT BANK MANDIRI (PERSERO) Tbk
                DAN ENTITAS ANAKNYA                                                                                     AND ITS SUBSIDIARIES
          CATATAN ATAS LAPORAN KEUANGAN                                                                            NOTES TO THE CONSOLIDATED
                     KONSOLIDASIAN                                                                                     FINANCIAL STATEMENTS
           Tanggal 31 Desember 2025 dan untuk                                                                       As of 31 December 2025 and for
          Tahun Berakhir pada Tanggal Tersebut                                                                         for the Year Then Ended
             (Disajikan dalam jutaan Rupiah,                                                                       (Expressed in millions of Rupiah,
                 kecuali dinyatakan lain)                                                                              unless otherwise stated)

5.   GIRO PADA BANK LAIN (lanjutan)                                                         5.    CURRENT ACCOUNTS                                 WITH         OTHER          BANKS
                                                                                                  (continued)

     a.    Berdasarkan mata uang, pihak berelasi dan pihak                                        a.    By currency, related parties and third parties:
           ketiga: (lanjutan)                                                                           (continued)

           Berikut adalah perubahan giro pada bank lain                                                Movements of current accounts with other banks
           dengan klasifikasi biaya perolehan diamortisasi:                                            classified as amortised cost are as follows:
           (lanjutan)                                                                                  (continued)

                                                                            31 Desember 2024/31 December 2024
                                                                                                                      Syariah*)/
                                                  Stage 1             Stage 2               Stage 3                    Sharia*)                 Total

          Saldo awal                              34.603.165                      -                          -            2.002.925            36.606.090             Beginning balance

          Pengukuran kembali bersih                                                                                                                            Remeasurement of
            nilai tercatat**)                      9.886.963                      -                          -             (585.425)             9.301.538 net carrying amount**)
          Aset keuangan baru                                                                                                                                 New financial assets
            yang diterbitkan atau                                                                                                                                    originated or
            dibeli                                   936.066                      -                          -              115.510              1.051.576             purchased
          Aset keuangan yang                                                                                                                                      Financial assets
            dihentikan pengakuannya                 (330.333)                     -                          -               (86.982)             (417.315)        derecognised


          Total penambahan/(penurunan)                                                                                                                       Total increase/(decrease)
             tahun berjalan                       10.492.696                      -                          -             (556.897)             9.935.799           during the year
          Lain-lain***)                              149.620                      -                          -              (23.070)               126.550                   Others***)

          Saldo akhir                             45.245.481                      -                          -            1.422.958            46.668.439              Ending balance


           *)                                                                                          *)
                Tidak menerapkan PSAK 109.                                                                       Not implement SFAS 109.
           **)                                                                                         **)
                Termasuk di dalam pengukuran kembali bersih adalah pembayaran                                    Including in the net remeasurement is repayment.
                kembali.
           ***)                                                                                        ***)
                Termasuk selisih kurs karena penjabaran mata uang asing.                                         Included effect of foreign currencies translation.


     b.    Tingkat suku bunga rata-rata (yield) per tahun:                                        b.   The average interest rate (yield) per annum:

                                                                 31 Desember 2025/               31 Desember 2024/
                                                                 31 December 2025                31 December 2024

            Rupiah                                                                    0,00%                            0,97%                                           Rupiah
            Mata uang asing (disetarakan                                                                                                        Foreign currencies (equivalent
             dalam Rupiah)                                                            1,84%                            2,34%                                    in Rupiah)

     c.    Mutasi cadangan kerugian penurunan nilai giro                                          c.   Movements of allowance for impairment losses on
           pada bank lain:                                                                             current accounts with other banks are as follows:

                                                                 31 Desember 2025/               31 Desember 2024/
                                                                 31 December 2025                31 December 2024

            Saldo awal                                                            30.755                              32.205                                   Beginning balance
            Pembalikan selama                                                                                                                                     Reversal during
               tahun berjalan (Catatan 46)                                            (5.159)                          (2.674)                              the year (Note 46)
            Lain-lain*)                                                                2.025                            1.224                                             Others*)

            Saldo akhir                                                           27.621                              30.755                                          Ending balance


           *)                                                                                          *)
                 Termasuk selisih kurs karena penjabaran mata uang asing.                                        Included effect of foreign currencies translation.




                                                                                      163
Page 1178
                                                                                                                        The original consolidated financial statements
                                                                                                                      included herein are in the Indonesian language.

            PT BANK MANDIRI (PERSERO) Tbk                                                                   PT BANK MANDIRI (PERSERO) Tbk
                DAN ENTITAS ANAKNYA                                                                               AND ITS SUBSIDIARIES
          CATATAN ATAS LAPORAN KEUANGAN                                                                      NOTES TO THE CONSOLIDATED
                     KONSOLIDASIAN                                                                               FINANCIAL STATEMENTS
           Tanggal 31 Desember 2025 dan untuk                                                                 As of 31 December 2025 and for
          Tahun Berakhir pada Tanggal Tersebut                                                                   for the Year Then Ended
             (Disajikan dalam jutaan Rupiah,                                                                 (Expressed in millions of Rupiah,
                 kecuali dinyatakan lain)                                                                        unless otherwise stated)

5.   GIRO PADA BANK LAIN (lanjutan)                                                     5.   CURRENT ACCOUNTS                                WITH         OTHER         BANKS
                                                                                             (continued)

     c.    Mutasi cadangan kerugian penurunan nilai giro                                     c.   Movements of allowance for impairment losses on
           pada bank lain: (lanjutan)                                                             current accounts with other banks are as follows:
                                                                                                  (continued)
                                                                      31 Desember 2025/31 December 2025
                                                                                                                Syariah*)/              Jumlah/
                                               Stage 1            Stage 2               Stage 3                  Sharia*)                Total

          Saldo awal                               15.946                     -                        -                14.809                 30.755           Beginning balance

          Pengukuran kembali bersih                                                                                                                     Net remeasurement of
            penyisihan kerugian                    (7.919)                    -                        -                 2.236                  (5.683)    losses allowance
          Aset keuangan baru                                                                                                                             New financial assets
            yang diterbitkan atau                                                                                                                               originated or
            dibeli                                     525                    -                        -                       -                   525            purchased
          Aset keuangan yang                                                                                                                                  Financial assets
            dihentikan pengakuannya                      (1)                  -                        -                       -                    (1)        derecognised

          Total pembentukan/(pembalikan)                                                                                                               Total allowance/(reversal)
             tahun berjalan                        (7.395)                    -                        -                 2.236                  (5.159)        during the year
          Lain-lain**)                               1.283                    -                        -                   742                   2.025                  Others**)

          Saldo akhir                                9.834                    -                        -                17.787                 27.621            Ending balance


                                                                      31 Desember 2024/31 December 2024
                                                                                                                Syariah*)/              Jumlah/
                                               Stage 1            Stage 2               Stage 3                  Sharia*)                Total

          Saldo awal                               11.461                     -                        -                20.744                 32.205           Beginning balance

          Pengukuran kembali bersih                                                                                                                     Net remeasurement of
            penyisihan kerugian                      3.833                    -                        -                (6.998)                 (3.165)    losses allowance
          Aset keuangan baru                                                                                                                             New financial assets
            yang diterbitkan atau                                                                                                                               originated or
            dibeli                                     585                    -                        -                       -                   585            purchased
          Aset keuangan yang                                                                                                                                  Financial assets
            dihentikan pengakuannya                    (94)                   -                        -                       -                   (94)        derecognised

          Total pembentukan/(pembalikan)                                                                                                               Total allowance/(reversal)
             tahun berjalan                          4.324                    -                        -                (6.998)                 (2.674)        during the year
          Lain-lain**)                                 161                    -                        -                 1.063                   1.224                  Others**)

          Saldo akhir                              15.946                     -                        -                14.809                 30.755            Ending balance


           *)                                                                                     *)
                Tidak menerapkan PSAK 109.                                                                 Not implement SFAS 109.
           **)                                                                                    **)
                Termasuk di dalam pengukuran kembali bersih penyisihan kerugian,                           Including in the net remeasurement of losses allowance is repayment.
                adalah pembayaran kembali.
           ***)                                                                                   ***)
                Termasuk selisih kurs karena penjabaran mata uang asing.                                   Included effect of foreign currencies translation.


           Manajemen berpendapat bahwa jumlah cadangan                                            Management believes that the allowance for
           kerugian penurunan nilai giro pada bank lain telah                                     impairment losses on current accounts with other
           memadai.                                                                               banks is adequate.

     d.    Informasi mengenai pengelompokan berdasarkan                                      d.   Information in respect of classification of
           kelompok “tidak mengalami penurunan nilai” dan                                         “non-impaired” and “impaired” from sharia
           “mengalami penurunan nilai” untuk aset keuangan                                        Subsidiary are disclosed in Note 62.A.
           dari Entitas Anak syariah diungkapkan pada
           Catatan 62.A.

     e.    Berdasarkan kolektibilitas sesuai POJK:                                           e.   By collectability based on FSA regulation:

           Kolektibilitas giro pada bank lain sesuai POJK                                         Collectability of current accounts with other banks in
           diungkapkan pada Catatan 65.                                                           accordance with FSA regulation are disclosed in
                                                                                                  Note 65.




                                                                                  164
Page 1179
                                                                                                                        The original consolidated financial statements
                                                                                                                      included herein are in the Indonesian language.

            PT BANK MANDIRI (PERSERO) Tbk                                                                   PT BANK MANDIRI (PERSERO) Tbk
                DAN ENTITAS ANAKNYA                                                                               AND ITS SUBSIDIARIES
          CATATAN ATAS LAPORAN KEUANGAN                                                                      NOTES TO THE CONSOLIDATED
                     KONSOLIDASIAN                                                                               FINANCIAL STATEMENTS
           Tanggal 31 Desember 2025 dan untuk                                                                 As of 31 December 2025 and for
          Tahun Berakhir pada Tanggal Tersebut                                                                   for the Year Then Ended
             (Disajikan dalam jutaan Rupiah,                                                                 (Expressed in millions of Rupiah,
                 kecuali dinyatakan lain)                                                                        unless otherwise stated)

6.   PENEMPATAN PADA BANK INDONESIA DAN                                               6.    PLACEMENTS WITH                                BANK          INDONESIA             AND
     BANK LAIN                                                                              OTHER BANKS

     a.    Berdasarkan jenis, mata uang, dan jatuh tempo:                                   a.     By type, currency, and maturity:

                                                         Jatuh tempo/            31 Desember 2025/ 31 Desember 2024/
                                                           Maturity              31 December 2025 31 December 2024
            Rupiah                                                                                                                                                        Rupiah
            Bank Indonesia                           < 1 bulan/month                       17.269.118                    30.179.682                               Bank Indonesia
            Call money                               < 1 bulan/month                           40.000                       125.000                                   Call money
            Penempatan “fixed-term”               ≥ 6 bulan ≤ 12 bulan/                                                                                     Fixed term placement
                                                 ≥ 6 months ≤12 months                        403.758                       440.848
            Deposito berjangka                       < 1 bulan/month                        1.304.409                     1.107.060                                    Time deposits
                                                   ≥ 1 bulan ≤ 3 bulan/
                                                  ≥ 1 month ≤ 3 months                       174.370                         522.093
                                                   > 3 bulan ≤ 6 bulan/
                                                 > 3 months ≤ 6 months                           1.250                       159.000
                                                  > 6 bulan ≤ 12 bulan/
                                                 > 6 months ≤ 12 months                      189.600                            2.700
            Jumlah                                                                         19.382.505                    32.536.383                                             Total
            Mata uang asing                                                                                                                                  Foreign currencies
            Bank Indonesia                           < 1 bulan/month                       22.928.125                    19.394.475                               Bank Indonesia
            Call money                               < 1 bulan/month                        1.517.678                     5.588.293                                   Call money
            Penempatan “fixed-term”                  < 1 bulan/month                        2.890.374                     2.307.586                         Fixed term placement
                                                   > 1 bulan ≤ 3 bulan/
                                                  > 1 month ≤ 3 months                       609.387                         269.230
                                                   > 3 bulan < 6 bulan/
                                                  > 3 month < 6 months                                     -                          -
                                                  > 6 bulan < 12 bulan/
                                                > 6 months < 12 months                       492.514                                  -
                                                  > 12 bulan ≤ 36 bulan/
                                                > 12 months ≤ 36 months                     1.448.627                     1.506.854
                                                > 36 bulan/ > 36 months                        16.151                       408.334
            Deposito berjangka                       < 1 bulan/month                        1.186.473                     1.194.973                                    Time deposits
                                                   > 1 bulan ≤ 3 bulan/
                                                  > 1 month ≤ 3 months                                     -                          -
                                                   > 3 bulan ≤ 6 bulan/
                                                 > 3 months ≤ 6 months                                     -                  11.963
                                                   > 6 bulan ≤ 12 bulan/
                                                 > 6 months ≤ 12 months                                    -                  11.963
            Jumlah (Catatan 62.B.(iv))                                                     31.089.329                    30.693.671                             Total (Note 62.B.(iv))
                                                                                           50.471.834                    63.230.054
            Dikurangi: cadangan                                                                                                                              Less: allowance for
              kerugian penurunan nilai                                                           (1.586 )                      (1.679 )                  impairment losses
            Neto                                                                           50.470.248                    63.228.375                                               Net

           Berikut adalah perubahan penempatan pada Bank                                          Movements of placement with Bank Indonesia and
           Indonesia dan bank lain dengan klasifikasi biaya                                       other banks classified as amortised cost are as
           perolehan diamortisasi:                                                                follows:
                                                                     31 Desember 2025/31 December 2025
                                                                                                                 Syariah/
                                               Stage 1           Stage 2               Stage 3                    Sharia                    Total

          Saldo awal                      12.359.890                        -                          -          50.870.164               63.230.054       Beginning balance
          Pengukuran kembali bersih                                                                                                                      Remeasurement of net
                            *)
             nilai tercatat                  652.796                        -                          -                       -               652.796      carrying amount*)
          Aset keuangan baru                                                                                                                               New financial assets
             yang diterbitkan atau                                                                                                                               originated or
             dibeli                      148.831.565                        -                          -         105.791.753               254.623.318             purchased
          Aset keuangan yang dihentikan                                                                                                                        Financial assets
             pengakuannya               (134.016.842 )                      -                          -        (134.759.642 )            (268.776.484 )        derecognised
          Total penambahan/                                                                                                                                         Total increase/
             (penurunan) tahun                                                                                                                                  (decrease) during
             berjalan                          15.467.519                   -                          -         (28.967.889 )            (13.500.370)                   the year
          Lain-lain**)                            481.572                   -                          -             260.578                   742.150                     Others**)
          Saldo akhir                          28.308.981                   -                          -          22.162.853               50.471.834              Ending balance

           *)                                                                                     *)
                 Termasuk di dalam pengukuran kembali bersih adalah pembayaran                             Including in the net remeasurement is repayment.
                 kembali.
           **)                                                                                    **)
                 Termasuk selisih kurs karena penjabaran mata uang asing.                                  Included effect of foreign currencies translation.

                                                                                165
Page 1180
                                                                                                                          The original consolidated financial statements
                                                                                                                        included herein are in the Indonesian language.

            PT BANK MANDIRI (PERSERO) Tbk                                                                     PT BANK MANDIRI (PERSERO) Tbk
                DAN ENTITAS ANAKNYA                                                                                 AND ITS SUBSIDIARIES
          CATATAN ATAS LAPORAN KEUANGAN                                                                        NOTES TO THE CONSOLIDATED
                     KONSOLIDASIAN                                                                                 FINANCIAL STATEMENTS
           Tanggal 31 Desember 2025 dan untuk                                                                   As of 31 December 2025 and for
          Tahun Berakhir pada Tanggal Tersebut                                                                     for the Year Then Ended
             (Disajikan dalam jutaan Rupiah,                                                                   (Expressed in millions of Rupiah,
                 kecuali dinyatakan lain)                                                                          unless otherwise stated)

6.   PENEMPATAN PADA BANK INDONESIA DAN                                               6.      PLACEMENTS WITH BANK                                        INDONESIA              AND
     BANK LAIN (lanjutan)                                                                     OTHER BANKS (continued)

     a.    Berdasarkan jenis, mata uang, dan jatuh tempo:                                     a.    By type, currency, and maturity: (continued)
           (lanjutan)

           Berikut adalah perubahan penempatan pada Bank                                            Movements of placement with Bank Indonesia and
           Indonesia dan bank lain dengan klasifikasi biaya                                         other banks classified as amortised cost are as
           perolehan diamortisasi: (lanjutan)                                                       follows: (continued)

                                                                     31 Desember 2024/31 December 2024
                                                                                                                   Syariah/
                                               Stage 1           Stage 2                  Stage 3                   Sharia                  Total

          Saldo awal                      58.533.271                        -                            -          15.354.886              73.888.157     Beginning balance
          Pengukuran kembali bersih                                                                                                                     Remeasurement of net
                            *)
             nilai tercatat               (3.612.443 )                      -                            -                       -         (3.612.443 )    carrying amount*)
          Aset keuangan baru                                                                                                                              New financial assets
             yang diterbitkan atau                                                                                                                              originated or
             dibeli                      102.202.686                        -                            -          85.652.975            187.855.661             purchased
          Aset keuangan yang dihentikan                                                                                                                       Financial assets
             pengakuannya               (147.201.855 )                      -                            -         (49.625.000 )         (196.826.855 )        derecognised

          Total penambahan/                                                                                                                                           Total increase/
             (penurunan) tahun                                                                                                                                    (decrease) during
             berjalan                         (48.611.612 )                 -                            -          36.027.975             (12.583.637 )                   the year
          Lain-lain**)                          2.438.231                   -                            -            (512.697 )             1.925.534                       Others**)

          Saldo akhir                          12.359.890                   -                            -          50.870.164              63.230.054              Ending balance


           *)                                                                                       *)
                 Termasuk di dalam pengukuran kembali bersih adalah pembayaran                               Including in the net remeasurement is repayment.
                 kembali.
           **)                                                                                      **)
                 Termasuk selisih kurs karena penjabaran mata uang asing.                                    Included effect of foreign currencies translation.


     b.    Berdasarkan pihak berelasi dan pihak ketiga:                                      b.     By related parties and third parties:

                                                              31 Desember 2025/             31 Desember 2024/
                                                              31 December 2025              31 December 2024
            Rupiah                                                                                                                                                     Rupiah
              Pihak berelasi (Catatan 56)                                 486.159                               539.967                           Related parties (Note 56)
              Pihak ketiga                                             18.896.346                            31.996.416                                        Third parties
            Total                                                      19.382.505                            32.536.383                                                   Total
            Mata uang asing                                                                                                                                Foreign currencies
               Pihak berelasi (Catatan 56)                                800.400                             2.567.153                           Related parties (Note 56)
               Pihak ketiga                                            30.288.929                            28.126.518                                        Third parties
            Total (Catatan 62.B.(iv))                                  31.089.329                            30.693.671                                     Total (Note 62.B.(iv))
                                                                       50.471.834                            63.230.054
            Dikurangi: cadangan kerugian                                                                                                                      Less: allowance for
               penurunan nilai                                              (1.586 )                               (1.679 )                                 impairment losses
            Neto                                                       50.470.248                            63.228.375                                                            Net


     c.    Penempatan berdasarkan counterparty:                                              c.     By counterparty:

                                                              31 Desember 2025/             31 Desember 2024/
                                                              31 December 2025              31 December 2024
          Rupiah                                                                                                                                                        Rupiah
          Deposit Facility                                                                                                                                      Deposit Facility
          Pihak ketiga                                                                                                                                             Third parties
            Bank Indonesia                                             17.269.117                            30.179.682                                       Bank Indonesia

          Call Money                                                                                                                                       Call Money
          Pihak ketiga                                                                                                                                    Third parties
            PT Bank Pembangunan Daerah                                                                                                 PT Bank Pembangunan Daerah
               Kalimantan Selatan                                                     -                          125.000                        Kalimantan Selatan
            PT Bank Pembangunan Daerah                                                                                                 PT Bank Pembangunan Daerah
               Sulawesi Tenggara                                            40.000                                         -                    Sulawesi Tenggara

                                                                                166
Page 1181
                                                                                        The original consolidated financial statements
                                                                                      included herein are in the Indonesian language.

            PT BANK MANDIRI (PERSERO) Tbk                                       PT BANK MANDIRI (PERSERO) Tbk
                DAN ENTITAS ANAKNYA                                                   AND ITS SUBSIDIARIES
          CATATAN ATAS LAPORAN KEUANGAN                                          NOTES TO THE CONSOLIDATED
                     KONSOLIDASIAN                                                   FINANCIAL STATEMENTS
           Tanggal 31 Desember 2025 dan untuk                                     As of 31 December 2025 and for
          Tahun Berakhir pada Tanggal Tersebut                                       for the Year Then Ended
             (Disajikan dalam jutaan Rupiah,                                     (Expressed in millions of Rupiah,
                 kecuali dinyatakan lain)                                            unless otherwise stated)

6.   PENEMPATAN PADA BANK INDONESIA DAN                           6.    PLACEMENTS WITH BANK                  INDONESIA        AND
     BANK LAIN (lanjutan)                                               OTHER BANKS (continued)

     c.    Penempatan berdasarkan counterparty: (lanjutan)              c.   By counterparty: (continued)

                                                31 Desember 2025/      31 Desember 2024/
                                                31 December 2025       31 December 2024
          Rupiah (lanjutan)                                                                                  Rupiah (continued)
          Fixed term                                                                                                 Fixed term
          Pihak ketiga                                                                                             Third parties
             PT Bank UOB Indonesia                       403.758                  440.848              PT Bank UOB Indonesia
          Deposito                                                                                                 Time deposits
          Pihak berelasi                                                                                          Related parties
            PT Bank Tabungan Negara                                                                  PT Bank Tabungan Negara
               (Persero) Tbk                             426.129                  191.827                      (Persero) Tbk
            PT Bank Rakyat Indonesia                                                                  PT Bank Rakyat Indonesia
               (Persero) Tbk                              60.030                  172.530                      (Persero) Tbk
             PT Bank Tabungan Negara                                                                  PT Bank Tabungan Negara
               (Persero) Tbk - Unit                                                                       (Persero) Tbk - Unit
               Usaha Syariah                                      -               175.610                      Usaha Syariah
                                                         486.159                  539.967

          Pihak ketiga                                                                                              Third parties
            Citibank                                     506.090                  353.885                            Citibank
            PT Bank Mega Tbk                             156.500                    1.400                 PT Bank Mega Tbk
            PT Bank BTPN Syariah Tbk                     105.900                   77.172          PT Bank BTPN Syariah Tbk
            Bank Syariah Nasional                         98.410                        -               Bank Syariah Nasional
            PT Bank Danamon Syariah                       98.300                  172.959           PT Bank Danamon Syariah
            PT Bank Pembangunan                                                                       PT Bank Pembangunan
                Daerah Jawa Barat                                                                        Daerah Jawa Barat
                 dan Banten Tbk                           45.600                  183.000                   dan Banten Tbk
            PT Bank DKI                                   45.000                  114.000                        PT Bank DKI
            PT Bank Pembangunan Daerah                                                         PT Bank Pembangunan Daerah
                 Sumatera Barat (Bank Nagari)             40.000                   12.500      Sumatera Barat (Bank Nagari)
             PT Bank Maybank Indonesia Tbk -                                                  PT Bank Maybank Indonesia Tbk
                 Unit Usaha Syariah                       24.170                  151.670              - Unit Usaha Syariah
            PT Bank Pembangunan Daerah                                                         PT Bank Pembangunan Daerah
                 Jawa Barat dan Banten                                                               Jawa Barat dan Banten
                 Tbk - Unit Usaha Syariah                 23.000                   34.000          Tbk - Unit Usaha Syariah
             PT Bank Maybank Indonesia Tbk                13.000                    3.800     PT Bank Maybank Indonesia Tbk
            PT Bank Danamon                                6.500                        -                  PT Bank Danamon
            PT Bank Hibank Indonesia                       5.000                        -           PT Bank Hibank Indonesia
             PT Bank DKI Syariah                                                                         PT Bank DKI Syariah
               (Unit Usaha Syariah)                        4.000                   46.500               (Unit Usaha Sharia)
            Standard Chartered Bank                        3.000                        -            Standard Chartered Bank
            PT Bank Pan Indonesia Tbk                      3.000                        -          PT Bank Pan Indonesia Tbk
            PT Bank Permata Tbk                            3.000                        -               PT Bank Permata Tbk
            PT Bank UOB Indonesia                          3.000                        -             PT Bank UOB Indonesia
            PT Bank Pembangunan Daerah                                                         PT Bank Pembangunan Daerah
                 Sulawesi Utara Gorontalo                         -                17.500          Sulawesi Utara Gorontalo
            PT Bank Permata Syariah Tbk                           -                24.000        PT Bank Permata Syariah Tbk
            PT Bank Pembangunan Daerah                                                         PT Bank Pembangunan Daerah
                 Sumatera Utara Tbk                               -                20.000               Sumatera Utara Tbk
            PT Bank Pembangunan Daerah                                                         PT Bank Pembangunan Daerah
                 Sulawesi Selatan dan                                                                  Sulawesi Selatan dan
                 Sulawesi Barat                                   -                12.500                     Sulawesi Barat
            PT Bank Pembangunan Daerah                                                         PT Bank Pembangunan Daerah
                Lampung                                           -                 5.000                          Lampung
            Lainnya                                               -                21.000                               Others
                                                        1.669.629               1.790.853
          Total Rupiah                                 19.382.504              32.536.383                             Total Rupiah
          Mata uang asing                                                                                       Foreign currencies
          USD                                                                                                                 USD
          Term deposits                                                                                             Term deposits
          Pihak ketiga                                                                                                Third parties
             Bank Indonesia                            22.928.125              19.394.475                        Bank Indonesia
          Call money                                                                                                  Call money
          Pihak berelasi                                                                                          Related parties
             PT Bank Negara Indonesia                                                                PT Bank Negara Indonesia
               (Persero) Tbk                             667.000                1.287.600                      (Persero) Tbk
             PT Bank Rakyat Indonesia                                                                 PT Bank Rakyat Indonesia
               (Persero) Tbk                                      -               965.700                       (Persero) Tbk




                                                            167
Page 1182
                                                                                         The original consolidated financial statements
                                                                                       included herein are in the Indonesian language.

            PT BANK MANDIRI (PERSERO) Tbk                                        PT BANK MANDIRI (PERSERO) Tbk
                DAN ENTITAS ANAKNYA                                                    AND ITS SUBSIDIARIES
          CATATAN ATAS LAPORAN KEUANGAN                                           NOTES TO THE CONSOLIDATED
                     KONSOLIDASIAN                                                    FINANCIAL STATEMENTS
           Tanggal 31 Desember 2025 dan untuk                                      As of 31 December 2025 and for
          Tahun Berakhir pada Tanggal Tersebut                                        for the Year Then Ended
             (Disajikan dalam jutaan Rupiah,                                      (Expressed in millions of Rupiah,
                 kecuali dinyatakan lain)                                             unless otherwise stated)

6.   PENEMPATAN PADA BANK INDONESIA DAN                            6.    PLACEMENTS WITH BANK                  INDONESIA        AND
     BANK LAIN (lanjutan)                                                OTHER BANKS (continued)
     c.    Penempatan berdasarkan counterparty: (lanjutan)               c.   By counterparty: (continued)
                                                 31 Desember 2025/      31 Desember 2024/
                                                 31 December 2025       31 December 2024

          Mata uang asing (lanjutan)                                                                  Foreign currencies (continued)
          USD (lanjutan)                                                                                           USD (continued)
          Call money (lanjutan)                                                                             Call money (continued)
          Pihak ketiga                                                                                                Third parties
             Bank of New York                             406.036                  278.444                    Bank of New York
             HSBC Bank USA N.A.                           405.203                  360.528                HSBC Bank USA N.A.
             BNP Paribas S.A                               25.432                   15.399                      BNP Paribas S.A
             HSBC Hong Kong                                14.007                        -                     HSBC Hong Kong
             CIMB Bank Berhad                                                                                CIMB Bank Berhad
                Shanghai Branch                                    -               160.950                    Shanghai Branch
             Wells Fargo Bank N.A.                                 -             2.519.672                Wells Fargo Bank N.A.
                                                         1.517.678               5.588.293
          Fixed term                                                                                                     Fixed term
             JP Morgan Chase Bank N.A.                   2.202.509               1.784.407           JP Morgan Chase Bank N.A.
              Standard Chartered Bank                    1.803.520               1.505.514              Standard Chartered Bank
             Standard Chartered Bank China                                                       Standard Chartered Bank China
               Limited                                    250.125                        -                             Limited
             Bank of China Limited                        175.087                  220.502                 Bank of China Limited
              PT Bank HSBC Indonesia                       95.875                   82.096             PT Bank HSBC Indonesia
              BNP Paribas Hong Kong Branch                 78.634                        -      BNP Paribas Hong Kong Branch
              Bank of New York Corporation                 15.008                   14.486         Bank of New York Corporation
              BNP Paribas S.A                              12.483                   85.649                     BNP Paribas S.A
              United Overseas Bank Limited                  3.669                        -         United Overseas Bank Limited
              United Overseas Bank - Singapura              8.504                        -     United Overseas Bank - Singapore
              CTBC Bank Co. Ltd. Singapore                                                        CTBC Bank Co. Ltd. Singapore
               Branch                                              -               418.470                             Branch
              PT Bank DBS Indonesia                                -                48.685              PT Bank DBS Indonesia
              Nomura Singapura Limited                             -                24.711            Nomura Singapore Limited
                                                         4.645.414               4.184.520
          Pihak ketiga                                                                                                  Third parties
          CNY                                                                                                                   CNY
          Fixed term                                                                                                     Fixed term
          Pihak ketiga                                                                                                  Third parties
              Bank of China                               742.006                  201.757                          Bank of China
              The Agricultural Bank Of China               69.634                        -         The Agricultural Bank Of China
                                                          811.640                  201.757
          HKD                                                                                                                HKD
          Term deposits                                                                                            Term deposits
          Pihak ketiga                                                                                               Third parties
              PT Bank HSBC Indonesia                               -              105.729               PT Bank HSBC Indonesia
          USD                                                                                                                  USD
          Deposito                                                                                                   Time deposits
          Pihak berelasi                                                                                          Related parties
            PT Bank Negara Indonesia                                                                   PT Bank Negara Indonesia
                 (Persero) Tbk                            133.400                  136.808                      (Persero) Tbk
            PT Bank Rakyat Indonesia                                                                   PT Bank Rakyat Indonesia
                 (Persero) Tbk                                     -               177.045                      (Persero) Tbk
                                                          133.400                  313.853

          Pihak ketiga                                                                                                 Third parties
            Citibank N.A                                  696.228                  692.113                         Citibank N.A
            PT Bank CTBC Indonesia                        183.425                  177.045               PT Bank CTBC Indonesia
            ANZ Bank                                      173.420                        -                            ANZ Bank
                                                         1.053.073                 869.158




                                                             168
Page 1183
                                                                                                                            The original consolidated financial statements
                                                                                                                          included herein are in the Indonesian language.

            PT BANK MANDIRI (PERSERO) Tbk                                                                       PT BANK MANDIRI (PERSERO) Tbk
                DAN ENTITAS ANAKNYA                                                                                   AND ITS SUBSIDIARIES
          CATATAN ATAS LAPORAN KEUANGAN                                                                          NOTES TO THE CONSOLIDATED
                     KONSOLIDASIAN                                                                                   FINANCIAL STATEMENTS
           Tanggal 31 Desember 2025 dan untuk                                                                     As of 31 December 2025 and for
          Tahun Berakhir pada Tanggal Tersebut                                                                       for the Year Then Ended
             (Disajikan dalam jutaan Rupiah,                                                                     (Expressed in millions of Rupiah,
                 kecuali dinyatakan lain)                                                                            unless otherwise stated)

6.   PENEMPATAN PADA BANK INDONESIA DAN                                                   6.        PLACEMENTS WITH BANK                                    INDONESIA            AND
     BANK LAIN (lanjutan)                                                                           OTHER BANKS (continued)

     c.    Penempatan berdasarkan counterparty: (lanjutan)                                          c.    By counterparty: (continued)
                                                                31 Desember 2025/                  31 Desember 2024/
                                                                31 December 2025                   31 December 2024

          Mata uang asing (lanjutan)                                                                                                              Foreign currencies (continued)
          SGD                                                                                                                                                              SGD
          Deposito                                                                                                                                               Time deposits
          Pihak ketiga                                                                                                                                             Third parties
             PT Bank UOB Indonesia                                                        -                         35.886                          PT Bank UOB Indonesia
                                                                              1.053.073                         1.218.897
          Total mata uang asing                                             31.089.330                         30.693.671                                   Total foreign currencies
                                                                             50.471.834                        63.230.054
          Dikurangi: cadangan kerugian                                                                                                                           Less: allowance for
             penurunan nilai                                                      (1.586)                            (1.679)                                   impairment losses
          Neto                                                               50.470.248                        63.228.375                                                            Net


     d.    Tingkat suku bunga rata-rata (yield) per tahun:                                          d.    Average interest rate (yield) per annum:

                                                                31 Desember 2025/                  31 Desember 2024/
                                                                31 December 2025                   31 December 2024
          Rupiah                                                                 6,12%                               4,10%                                           Rupiah
          Mata uang asing (disetarakan                                                                                                      Foreign currencies (equivalent to
            dalam Rupiah)                                                        3,88%                               4,17%                                        Rupiah)

     e.    Mutasi cadangan kerugian                       penurunan           nilai                 e.    Movements of allowance for impairment losses on
           penempatan pada bank lain:                                                                     placements with other banks:

                                                                31 Desember 2025/                  31 Desember 2024/
                                                                31 December 2025                   31 December 2024
          Saldo awal                                                              1.679                                   957                               Beginning balance
          Pembentukan/(pembalikan) selama                                                                                                          Allowance/(reversal) during
            tahun berjalan (Catatan 46)                                               (400 )                              760                             the year (Note 46)
          Lain-lain*)                                                                  307                                (38)                                        Others*)
          Saldo akhir                                                             1.586                               1.679                                         Ending balance

           *)                                                                                             *)
                Termasuk selisih kurs karena penjabaran mata uang asing.                                       Included effect of foreign currencies translation.

                                                                           31 Desember 2025/31 December 2025
                                                           Stage 1             Stage 2                   Stage 3                  Total

          Saldo awal                                             1.679                         -                      -                 1.679                       Beginning balance

          Pengukuran kembali bersih                                                                                                                           Net remeasurement of
            penyisihan kerugian*)                                 (702)                        -                      -                   (702)                 losses allowance*)
          Aset keuangan baru yang                                                                                                                              New financial assets
            diterbitkan atau                                                                                                                                          originated or
            dibeli                                                 994                         -                      -                   994                           purchased
          Aset keuangan yang                                                                                                                                        Financial assets
            dihentikan pengakuannya                               (692)                        -                      -                   (692)                      derecognised

          Total pembalikan                                                                                                                                              Total reversal
             tahun berjalan                                       (400)                        -                      -                   (400)                      during the year
          Lain-lain**)                                             307                         -                      -                    307                                Others**)

          Saldo akhir                                            1.586                         -                      -                 1.586                        Ending balance




                                                                                  169
Page 1184
                                                                                                                   The original consolidated financial statements
                                                                                                                 included herein are in the Indonesian language.

            PT BANK MANDIRI (PERSERO) Tbk                                                              PT BANK MANDIRI (PERSERO) Tbk
                DAN ENTITAS ANAKNYA                                                                          AND ITS SUBSIDIARIES
          CATATAN ATAS LAPORAN KEUANGAN                                                                 NOTES TO THE CONSOLIDATED
                     KONSOLIDASIAN                                                                          FINANCIAL STATEMENTS
           Tanggal 31 Desember 2025 dan untuk                                                            As of 31 December 2025 and for
          Tahun Berakhir pada Tanggal Tersebut                                                              for the Year Then Ended
             (Disajikan dalam jutaan Rupiah,                                                            (Expressed in millions of Rupiah,
                 kecuali dinyatakan lain)                                                                   unless otherwise stated)

6.   PENEMPATAN PADA BANK INDONESIA DAN                                              6.   PLACEMENTS WITH BANK                                     INDONESIA            AND
     BANK LAIN (lanjutan)                                                                 OTHER BANKS (continued)

     e.    Mutasi cadangan kerugian penurunan                             nilai           e.    Movements of allowance for impairment losses on
           penempatan pada bank lain: (lanjutan)                                                placements with other banks: (continued)

                                                                       31 Desember 2024/31 December 2024
                                                        Stage 1            Stage 2             Stage 3                   Total

          Saldo awal                                           957                    -                      -                   957                       Beginning balance

          Pengukuran kembali bersih                                                                                                                  Net remeasurement of
            penyisihan kerugian*)                                 21                  -                      -                     21                  losses allowance*)
          Aset keuangan baru yang                                                                                                                     New financial assets
            diterbitkan atau                                                                                                                                 originated or
            dibeli                                           1.826                    -                      -                 1.826                           purchased
          Aset keuangan yang                                                                                                                               Financial assets
            dihentikan pengakuannya                          (1.087)                  -                      -                (1.087)                       derecognised

          Total pembentukan                                                                                                                                  Total allowance
             tahun berjalan                                    760                    -                      -                   760                        during the year
          Lain-lain**)                                         (38)                   -                      -                   (38)                                Others**)

          Saldo akhir                                        1.679                    -                      -                 1.679                        Ending balance


           *)                                                                                   *)
                 Termasuk di dalam pengukuran kembali bersih adalah pembayaran                        Including in the net remeasurement is repayment.
                 kembali.
           **)                                                                                  **)
                 Termasuk selisih kurs karena penjabaran mata uang asing.                             Included effect of foreign currencies translation.


           Manajemen berpendapat bahwa jumlah cadangan                                          Management believes that the allowance for
           kerugian penurunan nilai penempatan pada Bank                                        impairment losses on placements with Bank
           Indonesia dan bank lain telah memadai.                                               Indonesia and other banks is adequate.

     f.    Informasi mengenai pengelompokan berdasarkan                                   f.    Information in respect of classification of
           kelompok “tidak mengalami penurunan nilai” dan                                       “non-impaired” and “impaired” from sharia
           “mengalami penurunan nilai” untuk aset keuangan                                      Subsidiary are disclosed in Note 62.A.
           dari Entitas Anak syariah diungkapkan pada
           Catatan 62.A.

     g.    Pada tanggal 31 Desember 2025 dan 2024,                                        g.    As of 31 December 2025 and 2024, placements with
           penempatan dengan saldo USDNihil dan                                                 a balance of USDNil and USD1,535,315 (full
           USD1.535.315 (nilai penuh) dijaminkan untuk                                          amount) were pledged for fund borrowings from
           fasilitas pinjaman yang diterima dari bank lain                                      other banks (Note 36f).
           (Catatan 36f).

     h.    Berdasarkan kolektibilitas sesuai POJK:                                        h.    By collectability based on FSA regulation:
           Kolektibilitas penempatan pada Bank Indonesia                                        Collectability of placements with Bank Indonesia and
           dan bank lain sesuai POJK diungkapkan pada                                           other banks in accordance with FSA regulation are
           Catatan 65.                                                                          disclosed in Note 65.




                                                                              170
Page 1185
                                                                                                                          The original consolidated financial statements
                                                                                                                        included herein are in the Indonesian language.

            PT BANK MANDIRI (PERSERO) Tbk                                                                     PT BANK MANDIRI (PERSERO) Tbk
                DAN ENTITAS ANAKNYA                                                                                 AND ITS SUBSIDIARIES
          CATATAN ATAS LAPORAN KEUANGAN                                                                        NOTES TO THE CONSOLIDATED
                     KONSOLIDASIAN                                                                                 FINANCIAL STATEMENTS
           Tanggal 31 Desember 2025 dan untuk                                                                   As of 31 December 2025 and for
          Tahun Berakhir pada Tanggal Tersebut                                                                     for the Year Then Ended
             (Disajikan dalam jutaan Rupiah,                                                                   (Expressed in millions of Rupiah,
                 kecuali dinyatakan lain)                                                                          unless otherwise stated)

7.   EFEK-EFEK                                                                              7.    MARKETABLE SECURITIES

     a.    Berdasarkan tujuan, pihak berelasi dan pihak                                           a.   By purpose, related parties and third parties:
           ketiga:

                                                                   31 Desember 2025/             31 Desember 2024/
                                                                   31 December 2025              31 December 2024

          Efek-efek                                                                                                                                      Marketable securities

          Pihak berelasi (Catatan 56):                                                                                                           Related parties (Note 56):
             Diukur pada nilai wajar                                                                                                                   Fair value through
               melalui laba rugi                                                3.584.599                     4.285.159                                   profit or loss
             Diukur pada nilai wajar melalui                                                                                                     Fair value through other
               penghasilan komprehensif lain                                    9.341.060                     9.586.379                        comprehensive income
             Diukur pada biaya perolehan
               diamortisasi                                                     1.786.510                     3.139.468                                   At amortised cost
             Diukur pada biaya perolehan*)                                         40.836                        79.569                                            At cost*)
                                                                               14.753.005                    17.090.575
          Pihak ketiga:                                                                                                                                       Third parties:
            Diukur pada nilai wajar                                                                                                                   Fair value through
               melalui laba rugi                                               47.262.394                    17.604.380                                  profit or loss
            Diukur pada nilai wajar melalui                                                                                                     Fair value through other
               penghasilan komprehensif lain                                   45.473.051                    37.408.046                        comprehensive income
            Diukur pada biaya perolehan
               diamortisasi                                                     2.788.589                     5.842.595                                   At amortised cost
            Diukur pada biaya perolehan*)                                       1.959.526                     3.161.962                                            At cost*)
                                                                               97.483.560                    64.016.983
                                          **)
          Investasi pada unit-link                                                                                                    Investments in unit-link contracts **)
          Pihak berelasi (Catatan 56):                                                                                                        Related parties (Note 56):
             Diukur pada nilai wajar                                                                                                                Fair value through
               melalui laba rugi                                                2.281.292                     3.132.500                                profit or loss

          Pihak ketiga:                                                                                                                                          Third parties:
            Diukur pada nilai wajar                                                                                                                      Fair value through
               melalui laba rugi                                                9.565.413                    11.101.498                                     profit or loss


                                                                               11.846.705                    14.233.998
          Total                                                              124.083.270                     95.341.556                                                      Total

          Ditambah/(dikurangi):                                                                                                                                  Add/(less):
             Premium/(diskonto) yang                                                                                                              Unamortised premium/
               belum diamortisasi                                                         780                     (27.018 )                                  discount)
             Keuntungan yang belum                                                                                                                    Unrealised gain on
               direalisasi dari kenaikan                                                                                                         increase in fair value
               nilai wajar efek-efek                                               684.644                       215.010                      of marketable securities
             Cadangan kerugian                                                                                                                             Allowance for
               penurunan nilai                                                      (40.720)                      (51.497)                          impairment losses
                                                                                   644.704                       136.495
          Neto                                                               124.727.974                     95.478.051                                                       Net

           *)                                                                                          *)
                 Efek-efek yang dimiliki oleh Entitas Anak.                                                  Marketable securities owned by Subsidiary.
           **)                                                                                         **)
                 Investasi pada unit-link adalah investasi yang dimiliki oleh pemegang                       Investments in unit-link contracts are investments owned by policyholders
                 polis pada kontrak unit-link Entitas Anak yang disajikan sebesar nilai                      of unit-link contracts of Subsidiary which are presented at fair value.
                 wajar.




                                                                                      171
Page 1186
                                                                                                                         The original consolidated financial statements
                                                                                                                       included herein are in the Indonesian language.

            PT BANK MANDIRI (PERSERO) Tbk                                                                    PT BANK MANDIRI (PERSERO) Tbk
                DAN ENTITAS ANAKNYA                                                                                AND ITS SUBSIDIARIES
          CATATAN ATAS LAPORAN KEUANGAN                                                                       NOTES TO THE CONSOLIDATED
                     KONSOLIDASIAN                                                                                FINANCIAL STATEMENTS
           Tanggal 31 Desember 2025 dan untuk                                                                  As of 31 December 2025 and for
          Tahun Berakhir pada Tanggal Tersebut                                                                    for the Year Then Ended
             (Disajikan dalam jutaan Rupiah,                                                                  (Expressed in millions of Rupiah,
                 kecuali dinyatakan lain)                                                                         unless otherwise stated)

7.   EFEK-EFEK (lanjutan)                                                               7.   MARKETABLE SECURITIES (continued)

     a.    Berdasarkan tujuan, pihak berelasi dan pihak                                      a.    By purpose, related parties and third parties:
           ketiga: (lanjutan)                                                                      (continued)

           Berikut adalah perubahan efek-efek dengan                                               Movements of marketable securities classified as at
           klasifikasi biaya perolehan diamortisasi dan biaya                                      amortised cost and at cost less unamortized
           perolehan setelah dikurangi diskonto yang belum                                         discount rate are as follows:
           diamortisasi:

                                                                            31 Desember 2025/31 December 2025
                                                                                                                 Syariah*)/
                                                  Stage 1             Stage 2            Stage 3                  Sharia*)                 Total

          Biaya perolehan diamortisasi                                                                                                                           At amortised cost
          Saldo awal                               8.896.799                 58.246                     -            3.241.531            12.196.576             Beginning balance
          Pengukuran kembali                           27.910                     -                     -                       -               27.910        Remeasurement
          Aset keuangan yang                                                                                                                           New purchased financial
            baru dibeli                            1.570.875                      -                     -            2.073.884              3.644.759                 assets
          Aset keuangan yang                                                                                                                           Matured or sold financial
            jatuh tempo atau dijual                (5.900.989)                    -                     -           (3.310.416)            (9.211.405)                assets

          Total penambahan                                                                                                                                            Total increase
             tahun berjalan                        (4.302.204)                    -                     -           (1.236.532)            (5.538.736)            during the year
          Lain-lain**)                                (76.962)                    -                     -               (4.637)               (81.599)                      Others**)

          Saldo akhir                              4.517.633                 58.246                     -            2.000.362              6.576.241              Ending balance


           *)                                                                                      *)
                 Tidak menerapkan PSAK 109.                                                                 Not implement SFAS 109.
           **)                                                                                     **)
                 Termasuk selisih kurs karena penjabaran mata uang asing.                                   Included effect of foreign currencies translation.


                                                                            31 Desember 2024/31 December 2024
                                                                                                                 Syariah*)/
                                                  Stage 1             Stage 2            Stage 3                  Sharia*)                 Total

          Biaya perolehan diamortisasi                                                                                                                      At amortised cost
          Saldo awal                                5.850.129                58.246                     -            1.300.883              7.209.258       Beginning balance
          Pengukuran kembali                           20.099                     -                     -                    -                 20.099         Remeasurement
          Aset keuangan yang                                                                                                                           New purchased financial
             baru dibeli                           4.844.950                      -                     -            2.716.616              7.561.566                 assets
          Aset keuangan yang                                                                                                                           Matured or sold financial
             jatuh tempo atau dijual               (2.362.337)                    -                     -             (759.858)            (3.122.195)                assets
          Total penambahan                                                                                                                                            Total increase
             tahun berjalan                        2.502.712                      -                     -            1.956.758              4.459.470             during the year
          Lain-lain**)                               543.958                      -                     -              (16.110)               527.848                       Others**)
          Saldo akhir                              8.896.799                 58.246                     -            3.241.531            12.196.576               Ending balance




                                                                                  172
Page 1187
                                                                                                                         The original consolidated financial statements
                                                                                                                       included herein are in the Indonesian language.

            PT BANK MANDIRI (PERSERO) Tbk                                                                    PT BANK MANDIRI (PERSERO) Tbk
                DAN ENTITAS ANAKNYA                                                                                AND ITS SUBSIDIARIES
          CATATAN ATAS LAPORAN KEUANGAN                                                                       NOTES TO THE CONSOLIDATED
                     KONSOLIDASIAN                                                                                FINANCIAL STATEMENTS
           Tanggal 31 Desember 2025 dan untuk                                                                  As of 31 December 2025 and for
          Tahun Berakhir pada Tanggal Tersebut                                                                    for the Year Then Ended
             (Disajikan dalam jutaan Rupiah,                                                                  (Expressed in millions of Rupiah,
                 kecuali dinyatakan lain)                                                                         unless otherwise stated)

7.   EFEK-EFEK (lanjutan)                                                               7.   MARKETABLE SECURITIES (continued)

     a.    Berdasarkan tujuan, pihak berelasi dan pihak                                      a.    By purpose, related parties and third parties:
           ketiga: (lanjutan)                                                                      (continued)

           Berikut adalah perubahan efek-efek dengan                                               Movements of marketable securities classified as
           klasifikasi nilai wajar melalui penghasilan                                             fair value through other comprehensive income plus
           komprehensif lain setelah ditambah keuntungan                                           unrealised gain are as follows:
           yang belum direalisasi:

                                                                            31 Desember 2025/31 December 2025
                                                                                                                 Syariah*)/
                                                  Stage 1             Stage 2            Stage 3                  Sharia*)                 Total

          Nilai wajar melalui                                                                                                                             Fair value through
             penghasilan                                                                                                                              other comprehensive
             komprehensif lain                                                                                                                                      income
          Saldo awal                              25.188.780                      -           8.674                21.856.586             47.054.040        Beginning balance
          Pengukuran kembali                         911.601                      -           1.418                   (89.007)               824.012         Remeasurement
          Aset keuangan yang                                                                                                                          New purchased financial
             baru dibeli                          22.480.679                      -                     -          11.573.885             34.054.564                 assets
          Aset keuangan yang                                                                                                                          Matured or sold financial
             jatuh tempo atau dijual              (7.317.951)                     -                     -         (19.516.529)           (26.834.480)                assets
          Total penurunan                                                                                                                                           Total decrease
             tahun berjalan                       16.074.329                      -           1.418                 (8.031.651)             8.044.096            during the year
          Lain-lain**)                               101.017                      -               -                          -                101.017                      Others**)
          Saldo akhir                             41.364.126                      -          10.092                13.824.935             55.199.153              Ending balance




                                                                            31 Desember 2024/31 December 2024
                                                                                                                 Syariah*)/
                                                  Stage 1             Stage 2            Stage 3                  Sharia*)                 Total

          Nilai wajar melalui                                                                                                                             Fair value through
             penghasilan                                                                                                                              other comprehensive
             komprehensif lain                                                                                                                                      income
          Saldo awal                              25.154.558                      -           39.496               23.629.746             48.823.800        Beginning balance
          Pengukuran kembali                        (607.733)                     -          (12.007)                (856.939)            (1.476.679)        Remeasurement
          Aset keuangan yang                                                                                                                          New purchased financial
             baru dibeli                            2.994.950                     -                     -          20.886.978             23.881.928                 assets
          Aset keuangan yang                                                                                                                          Matured or sold financial
             jatuh tempo atau dijual               (2.647.260)                    -          (18.815)             (21.803.199)           (24.469.274)                assets
          Total penurunan                                                                                                                                           Total decrease
             tahun berjalan                          (260.043)                    -          (30.822)              (1.773.160)             (2.064.025)           during the year
          Lain-lain**)                                294.265                     -                -                         -                294.265                      Others**)
          Saldo akhir                             25.188.780                      -           8.674                21.856.586             47.054.040              Ending balance

           *)                                                                                      *)
                 Tidak menerapkan PSAK 109.                                                                 Not implement SFAS 109.
           **)                                                                                     **)
                 Termasuk selisih kurs karena penjabaran mata uang asing.                                   Included effect of foreign currencies translation.




                                                                                  173
Page 1188
                                                                                                                                                          The original consolidated financial statements
                                                                                                                                                        included herein are in the Indonesian language.

            PT BANK MANDIRI (PERSERO) Tbk                                                                                                  PT BANK MANDIRI (PERSERO) Tbk
                DAN ENTITAS ANAKNYA                                                                                                              AND ITS SUBSIDIARIES
          CATATAN ATAS LAPORAN KEUANGAN                                                                                                     NOTES TO THE CONSOLIDATED
                     KONSOLIDASIAN                                                                                                              FINANCIAL STATEMENTS
           Tanggal 31 Desember 2025 dan untuk                                                                                                As of 31 December 2025 and for
          Tahun Berakhir pada Tanggal Tersebut                                                                                                  for the Year Then Ended
             (Disajikan dalam jutaan Rupiah,                                                                                                (Expressed in millions of Rupiah,
                 kecuali dinyatakan lain)                                                                                                       unless otherwise stated)

7.   EFEK-EFEK (lanjutan)                                                                                      7.          MARKETABLE SECURITIES (continued)

     b.     Berdasarkan jenis dan mata uang:                                                                               b.       By type dan currency:

            Informasi tambahan mengenai kolektibilitas Bank                                                                        Additional information regarding the collectability of
            Indonesia disyaratkan oleh regulasi yang berlaku                                                                       Bank Indonesia is required by applicable
            dan    bukan     merupakan     informasi   yang                                                                        regulations and is not required by Indonesian
            dipersyaratkan oleh Standar Akuntansi Keuangan                                                                         Financial Accounting Standards (SFAS 109). This
            di Indonesia (PSAK 109). Informasi tambahan ini                                                                        additional information is part of Note 65 of the
            merupakan bagian dari Catatan 65 laporan                                                                               consolidated financial statements.
            keuangan konsolidasian.
                                                               31 Desember 2025/31 December 2025                                          31 Desember 2024/31 December 2024
                                                                                                           Nilai
                                                    Nilai                                               wajar/biaya            Nilai                                                      Nilai
                                                perolehan/                                              perolehan/         perolehan/                                                  wajar/biaya
                                                    nilai              Premi/          Keuntungan/         biaya               nilai                Premi/              Keuntungan/    perolehan/
                                                 nominal/            (diskonto)         (kerugian)      perolehan           nominal/              (diskonto)             (kerugian)       biaya
                                                nilai wajar/        yang belum         yang belum      diamortisasi/       nilai wajar/          yang belum             yang belum     perolehan
                                                   Cost/           diamortisasi/       direalisasi/    Fair value/at          Cost/             diamortisasi/           direalisasi/  diamortisasi/
                                                  nominal          Unamortised         Unrealised         cost/at            nominal            Unamortised             Unrealised    Fair value/at
                                                   value/            premiums/            gains/        amortised             value/              premiums/                gains/        cost/at
                                                 fair value         (discounts)          (losses)          cost             fair value           (discounts)              (losses)   amortised cost

          Rupiah                                                                                                                                                                                                            Rupiah
          Diukur pada nilai wajar melalui                                                                                                                                                                       Fair value through
             laba rugi                                                                                                                                                                                             profit or loss
             Efek-efek                                                                                                                                                                                   Marketable securities
                 Sekuritas Rupiah                                                                                                                                                                          Bank Indonesia
                     Bank Indonesia              20.628.757                        -       124.349       20.753.106             7.730.767                       -            49.854      7.780.621     Rupiah Securities
                 Sukuk Bank                                                                                                                                                                                           Sukuk
                     Indonesia                    6.636.068                        -        88.505        6.724.573             2.160.000                       -            36.489      2.196.489        Bank Indonesia
                 Obligasi                         3.717.317                        -        34.671        3.751.988             4.059.684                       -            39.720      4.099.404                    Bonds
                 Negotiable certificate                                                                                                                                                              Negotiable certificate
                     of deposit                     323.766                        -          8.869         332.635                    -                        -                  -             -             of deposits
                 Floating Rate Notes                411.667                        -            989         412.656                    -                        -                  -             -     Floating Rate Notes
                 Saham                                1.682                        -              9           1.691              316.704                        -             (6.257)      310.447                   Shares
                 Efek Beragun Aset                   38.116                        -         (1.173)         36.943               46.921                        -                484        47.405 Asset-backed security
                 Sertifikat Investasi                                                                                                                                                              Interbank Mudharabah
                     Mudharabah Antarbank                      -                   -              -                    -         100.003                        -               140        100.143 Investment Certificate
                 Investasi pada unit-unit                                                                                                                                                                    Investments in
                     reksa dana                                -                   -              -                    -         229.499                        -                 45       229.544      mutual fund units

                                                 31.757.373                        -       256.219       32.013.592         14.643.578                          -           120.475     14.764.053
                 Investasi pada                                                                                                                                                                         Investments in unit-link
                     unit-link *)                                                                                                                                                                                contracts*)
                     Saham                        7.553.295                        -              -       7.553.295             9.152.159                       -                  -     9.152.159                 Shares
                     Obligasi                     1.601.895                        -              -       1.601.895             1.470.814                       -                  -     1.470.814                  Bonds
                     Investasi pada unit-unit                                                                                                                                                               Investments in
                         reksa dana                 515.664                        -              -         515.664                         -                       -              -              -     mutual fund units

                                                  9.670.854                        -              -       9.670.854         10.622.973                          -                  -    10.622.973

                                                 41.428.227                        -       256.219       41.684.446         25.266.551                          -           120.475     25.387.026
          Diukur pada nilai wajar melalui                                                                                                                                                              Fair value through other
             penghasilan komprehensif lain                                                                                                                                                           comprehensive income
             Efek-efek                                                                                                                                                                                 Marketable securities
                 Investasi pada unit-unit                                                                                                                                                                 Investments in
                     reksa dana                  21.481.309                        -       387.205       21.868.514         20.390.000                          -           287.586     20.677.586    mutual fund units
                 Sekuritas Rupiah                                                                                                                                                                        Bank Indonesia
                      Bank Indonesia             17.579.397                        -         34.492      17.613.889          1.649.163                          -            (67.928)    1.581.235   Rupiah Securities
                 Sukuk Bank Indonesia             5.240.654                        -              -       5.240.654         11.184.698                          -                  -    11.184.698 Sukuk Bank Indonesia
                 Obligasi                         1.359.505                        -         29.261       1.388.766          1.790.505                          -               (508)    1.789.997                Bonds
                 Saham                              407.198                        -        (15.860)        391.338            294.289                          -            (29.867)      264.422               Shares
                                                 46.068.063                        -       435.098       46.503.161         35.308.655                          -           189.283     35.497.938
          Diukur pada biaya perolehan
             diamortisasi                                                                                                                                                                                     At amortised cost
             Efek-efek                                                                                                                                                                                 Marketable securities
                 Obligasi                         1.149.000                    7                  -       1.149.007             2.176.000                  13                      -     2.176.013                Bonds
                 Wesel ekspor                       485.534                    -                  -         485.534               490.939                   -                      -       490.939           Export bills
                 Sekuritas Rupiah                                                                                                                                                                        Bank Indonesia
                     Bank Indonesia                 300.000                  (40)                 -         299.960             3.004.868              (4.839)                     -     3.000.029   Rupiah Securities
                 Medium term notes                  245.000                     -                 -         245.000               245.000                   -                      -       245.000   Medium term notes
                 Efek Beragun Aset                   25.619                     -                 -          25.619                42.153                   -                      -        42.153 Asset-backed security
                                                  2.205.153                  (33)                 -       2.205.120             5.958.960              (4.826)                     -     5.954.134

          Diukur pada biaya perolehan**)                                                                                                                                                                                 At cost **)
             Efek-efek                                                                                                                                                                                  Marketable securities
                 Sertifikat Pengelolaan                                                                                                                                                                  Sharia Compliant
                     Dana Berdasarkan                                                                                                                                                                    Interbank Fund
                      Prinsip Syariah                                                                                                                                                                      Management
                     Antarbank (“SIPA”)           1.850.000                        -              -       1.850.000             2.400.000                       -                  -     2.400.000 Certificate (“SIPA”)
                 Wesel ekspor                        95.431                        -              -          95.431               195.860                       -                  -       195.860             Export bills
                 Obligasi syariah perusahaan         45.000                        -              -          45.000               638.800                       -                  -       638.800 Sharia corporate bonds

                                                  1.990.431                        -              -       1.990.431             3.234.660                       -                  -     3.234.660

          Total                                  91.691.874                  (33)          691.317       92.383.158         69.768.826                 (4.826)              309.758     70.073.758                            Total



           *)                                                                                                                      *)
                   Investasi pada unit-link adalah investasi yang dimiliki oleh pemegang polis                                                  Unit-link investments are investments owned by policyholders in
                   pada kontrak unit-link Entitas Anak yang disajikan sebesar nilai wajar.                                                      Subsidiary’s unit-link contracts which are presented at fair value.
           **)                                                                                                                     **)
                   Efek-efek yang dimiliki oleh Entitas Anak.                                                                                   Marketable securities owned by Subsidiary.




                                                                                                        174
Page 1189
                                                                                                                                                    The original consolidated financial statements
                                                                                                                                                  included herein are in the Indonesian language.

            PT BANK MANDIRI (PERSERO) Tbk                                                                                               PT BANK MANDIRI (PERSERO) Tbk
                DAN ENTITAS ANAKNYA                                                                                                           AND ITS SUBSIDIARIES
          CATATAN ATAS LAPORAN KEUANGAN                                                                                                  NOTES TO THE CONSOLIDATED
                     KONSOLIDASIAN                                                                                                           FINANCIAL STATEMENTS
           Tanggal 31 Desember 2025 dan untuk                                                                                             As of 31 December 2025 and for
          Tahun Berakhir pada Tanggal Tersebut                                                                                               for the Year Then Ended
             (Disajikan dalam jutaan Rupiah,                                                                                             (Expressed in millions of Rupiah,
                 kecuali dinyatakan lain)                                                                                                    unless otherwise stated)

7.   EFEK-EFEK (lanjutan)                                                                                       7.       MARKETABLE SECURITIES (continued)

     b.     Berdasarkan jenis dan mata uang: (lanjutan)                                                                  b.       By type and currency: (continued)

             Informasi tambahan mengenai kolektibilitas Bank                                                                     Additional information regarding the collectability of
             Indonesia disyaratkan oleh regulasi yang berlaku                                                                    Bank Indonesia is required by applicable
             dan    bukan     merupakan     informasi   yang                                                                     regulations and is not required by Indonesian
             dipersyaratkan oleh Standar Akuntansi Keuangan                                                                      Financial Accounting Standards (SFAS 109). This
             di Indonesia (PSAK 109). Informasi tambahan ini                                                                     additional information is part of Note 65 of the
             merupakan bagian dari Catatan 65 laporan                                                                            consolidated financial statements. (continued)
             keuangan konsolidasian. (lanjutan)
                                                              31 Desember 2025/31 December 2025                                       31 Desember 2024/ 31 December 2024
                                                                                                            Nilai
                                                   Nilai                                                 wajar/biaya         Nilai                                              Nilai
                                               perolehan/                                                perolehan/      perolehan/                                          wajar/biaya
                                                   nilai             Premi/          Keuntungan/            biaya            nilai            Premi/          Keuntungan/    perolehan/
                                                nominal/           (diskonto)         (kerugian)         perolehan        nominal/          (diskonto)         (kerugian)       biaya
                                               nilai wajar/       yang belum         yang belum         diamortisasi/    nilai wajar/      yang belum         yang belum     perolehan
                                                  Cost/          diamortisasi/       direalisasi/       Fair value/at       Cost/         diamortisasi/       direalisasi/  diamortisasi/
                                                 nominal         Unamortised         Unrealised            cost/at         nominal        Unamortised         Unrealised    Fair value/at
                                                  value/           premiums/            gains/           amortised          value/          premiums/            gains/        cost/at
                                                fair value        (discounts)          (losses)             cost          fair value       (discounts)          (losses)   amortised cost


          Mata uang asing                                                                                                                                                                          Foreign currencies
          Diukur pada nilai wajar melalui                                                                                                                                                            Fair value through
             laba rugi                                                                                                                                                                                 profit or loss
             Efek-efek                                                                                                                                                                         Marketable securities
                 Treasury bills                 15.380.990                       -          8.885         15.389.875          6.788.230                   -        29.718      6.817.948          Treasury bills
                 Sekuritas Valas                                                                                                                                                         Bank Indonesia Foreign
                    Bank Indonesia               1.606.076                       -         8.141           1.614.217           431.276                    -          1.344       432.620 Currency Securities
                 Treasury Bonds                  1.575.849                       -        16.206           1.592.055                 -                    -              -             -        Treasury Bonds
                 Sukuk Valas                                                                                                                                                             Bank Indonesia Foreign
                    Bank Indonesia                  500.250                      -          3.785            504.035                 -                    -              -             -        Currency Sukuk
                 Obligasi                            26.455                      -          6.365             32.820            26.455                    -          3.858        30.313                  Bonds

                                                19.089.620                       -        43.382          19.133.002          7.245.961                   -        34.920      7.280.881

                                                                                                                                                                                                Investments in unit-link
                Investasi pada unit-link *)                                                                                                                                                              contracts*)
                    Investasi pada unit-unit                                                                                                                                                         Investments in
                        reksa dana               2.175.851                       -              -          2.175.851          3.611.025                   -              -     3.611.025       mutual fund units

                                                21.265.471                       -        43.382          21.308.853      10.856.986                      -        34.920     10.891.906


          Diukur pada nilai wajar melalui                                                                                                                                                     Fair value through other
             penghasilan komprehensif lain                                                                                                                                                  comprehensive income
             Efek-efek                                                                                                                                                                        Marketable securities
                 Sukuk Valas                                                                                                                                                             Bank Indonesia Foreign
                    Bank Indonesia               5.669.500                       -              -          5.669.500          8.127.975                   -              -     8.127.975    Currency Sukuk
                 Treasury bills                  1.894.289                       -        (46.915)         1.847.374          1.868.799                   -        (89.761)    1.779.038          Treasury bills
                 Obligasi                        1.182.258                       -         (3.140)         1.179.118          1.688.996                   -        (39.907)    1.649.089                  Bonds

                                                 8.746.047                       -        (50.055)         8.695.992      11.685.770                      -       (129.668)   11.556.102

          Diukur pada biaya perolehan
             diamortisasi                                                                                                                                                                           At amortised cost
             Efek-efek                                                                                                                                                                        Marketable securities
                 Wesel ekspor                      999.595                   -                  -            999.595          1.304.977               -                  -     1.304.977           Export bills
                 Obligasi                          636.652              (6.890)                     -        629.762            977.756            (624)                 -       977.132                Bonds
                 Treasury bills                    733.700               7.703                  -            741.403            740.370         (21.568)                 -       718.802         Treasury bills

                                                 2.369.947                 813                  -          2.370.760          3.023.103         (22.192)                 -     3.000.911

          Diukur pada biaya perolehan                                                                                                                                                                           At cost
             Efek-efek                                                                                                                                                                        Marketable securities
                 Wesel ekspor                         9.931                      -              -               9.931            6.871                    -              -         6.871           Export bills


          Total (Catatan 62.B.(iv))             32.391.396                 813             (6.673)        32.385.536      25.572.730            (22.192)           (94.748)   25.455.790          Total (Note 62.B.(iv))

                                               124.083.270                 780           684.644         124.768.694      95.341.556            (27.018)          215.010     95.529.548

          Dikurangi: cadangan kerugian                                                                                                                                                             Less: allowance for
             penurunan nilai                                                                                  (40.720)                                                           (51.497)        impairment losses

          Neto                                                                                           124.727.974                                                          95.478.051                            Net


           *)                                                                                                                    *)
                  Investasi pada unit-link adalah investasi yang dimiliki oleh pemegang polis                                             Unit-link investments are investments owned by policyholders in
                  pada kontrak unit-link Entitas Anak yang disajikan sebesar nilai wajar.                                                 Subsidiary’s unit-link contracts which are presented at fair value.




                                                                                                         175
Page 1190
                                                                                                                           The original consolidated financial statements
                                                                                                                         included herein are in the Indonesian language.

            PT BANK MANDIRI (PERSERO) Tbk                                                                        PT BANK MANDIRI (PERSERO) Tbk
                DAN ENTITAS ANAKNYA                                                                                    AND ITS SUBSIDIARIES
          CATATAN ATAS LAPORAN KEUANGAN                                                                           NOTES TO THE CONSOLIDATED
                     KONSOLIDASIAN                                                                                    FINANCIAL STATEMENTS
           Tanggal 31 Desember 2025 dan untuk                                                                      As of 31 December 2025 and for
          Tahun Berakhir pada Tanggal Tersebut                                                                        for the Year Then Ended
             (Disajikan dalam jutaan Rupiah,                                                                      (Expressed in millions of Rupiah,
                 kecuali dinyatakan lain)                                                                             unless otherwise stated)

7.   EFEK-EFEK (lanjutan)                                                                        7.    MARKETABLE SECURITIES (continued)

     c.    Berdasarkan sisa umur hingga jatuh tempo:                                                   c.   By maturity:

                                                                     31 Desember 2025/                31 Desember 2024/
                                                                     31 December 2025                 31 December 2024

          Efek-efek                                                                                                                                     Marketable securities
            Rupiah                                                                                                                                                 Rupiah
               Tidak mempunyai
                  jatuh tempo                                                       408.880                         840.493                             No maturity date
               < 1 tahun                                                         59.814.570                      36.986.818                                     < 1 year
               > 1 < 5 tahun                                                     17.670.284                      17.621.256                                > 1 < 5 years
               > 5 < 10 tahun                                                     4.099.985                       3.669.985                              > 5 < 10 years
               > 10 tahun                                                            27.301                          27.301                                  > 10 years
                Total                                                            82.021.020                      59.145.853                                               Total
                Mata uang asing                                                                                                                         Foreign currencies
                  Tidak mempunyai
                     jatuh tempo                                                     26.455                               -                             No maturity date
                  < 1 tahun                                                      27.250.932                      18.811.242                                    < 1 year
                  > 1 < 5 tahun                                                   2.597.887                       2.211.101                                > 1 < 5 years
                  > 5 < 10 tahun                                                    245.378                         900.033                              > 5 < 10 years
                  > 10 tahun                                                         94.893                          39.329                                  > 10 years
                Total                                                            30.215.545                      21.961.705                                               Total

          Investasi pada unit-link*)                                                                                                    Investments in unit-link contracts *)
             Rupiah                                                                                                                                               Rupiah
               Tidak mempunyai
                  jatuh tempo                                                      8.068.960                      9.152.159                             No maturity date
               < 1 tahun                                                             387.718                        442.346                                     < 1 year
               > 1 < 5 tahun                                                       1.160.092                      1.020.493                                > 1 < 5 years
               > 5 < 10 tahun                                                         12.343                          7.975                              > 5 < 10 years
               > 10 tahun                                                             41.741                              -                                  > 10 years
                Total                                                              9.670.854                     10.622.973                                               Total

                Mata uang asing                                                                                                                         Foreign currencies
                  Tidak mempunyai
                     jatuh tempo                                                   2.175.851                      3.611.025                             No maturity date
                Total                                                            11.846.705                      14.233.998                                               Total

                                                                                124.083.270                      95.341.556
          Ditambah/(dikurangi):                                                                                                                                   Add/(less):
             Premi yang belum diamortisasi                                                     780                  (27.018)                      Unamortised premiums
             Keuntungan yang belum                                                                                                                    Unrealised gain on
               direalisasi dari kenaikan                                                                                                       increase in fair value of
               nilai wajar efek-efek                                                  684.644                      215.010                       marketable securities
             Cadangan kerugian                                                                                                                              Allowance for
               penurunan nilai                                                        (40.720)                      (51.497)                        impairment losses
                                                                                      644.704                      136.495

          Neto                                                                  124.727.974                      95.478.051                                                  Net


           *)                                                                                               *)
                 Investasi pada unit-link adalah investasi yang dimiliki oleh pemegang polis                      Unit-link investments are investments owned by policyholders in
                 pada kontrak unit-link Entitas Anak yang disajikan sebesar nilai wajar.                          Subsidiary’s unit-link contracts which are presented at fair value.




                                                                                         176
Page 1191
                                                                                                                                     The original consolidated financial statements
                                                                                                                                   included herein are in the Indonesian language.

            PT BANK MANDIRI (PERSERO) Tbk                                                                                PT BANK MANDIRI (PERSERO) Tbk
                DAN ENTITAS ANAKNYA                                                                                            AND ITS SUBSIDIARIES
          CATATAN ATAS LAPORAN KEUANGAN                                                                                   NOTES TO THE CONSOLIDATED
                     KONSOLIDASIAN                                                                                            FINANCIAL STATEMENTS
           Tanggal 31 Desember 2025 dan untuk                                                                              As of 31 December 2025 and for
          Tahun Berakhir pada Tanggal Tersebut                                                                                for the Year Then Ended
             (Disajikan dalam jutaan Rupiah,                                                                              (Expressed in millions of Rupiah,
                 kecuali dinyatakan lain)                                                                                     unless otherwise stated)

7.   EFEK-EFEK (lanjutan)                                                                         7.      MARKETABLE SECURITIES (continued)
     d.     Berdasarkan golongan penerbit:                                                                d.     By issuer:
                                                                        31 Desember 2025/               31 Desember 2024/
                                                                        31 December 2025                31 December 2024

          Efek-efek                                                                                                                                                   Marketable securities
            Bank Sentral                                                            58.572.370                          34.288.747                                         Central Bank
            Perusahaan                                                              22.488.078                          27.846.671                                           Corporate
            Pemerintah                                                              22.504.425                          13.427.083                                         Government
            Bank                                                                     8.671.692                           5.545.057                                                Banks
                                                                                  112.236.565                           81.107.558

          Investasi pada unit-link *)                                                                                                               Investments in unit-link contracts *)
             Perusahaan                                                               9.587.134                         10.361.376                                         Corporate
             Bank                                                                     2.259.571                          3.866.365                                             Banks
             Pemerintah                                                                       -                              6.257                                      Government
                                                                                    11.846.705                          14.233.998
          Total                                                                   124.083.270                           95.341.556                                                         Total
          Ditambah/(dikurangi):                                                                                                                                                Add/(less):
             Premi yang belum diamortisasi                                                      780                          (27.018)                      Unamortised premiums
             Keuntungan yang belum                                                                                                                                 Unrealised gain on
               direalisasi dari kenaikan                                                                                                                      increase in fair value
               nilai wajar efek-efek                                                    684.644                             215.010                        of marketable securities
             Cadangan kerugian                                                                                                                                          Allowance for
               penurunan nilai                                                           (40.720)                            (51.497)                            impairment losses
                                                                                        644.704                             136.495
          Neto                                                                    124.727.974                           95.478.051                                                             Net

           *)                                                                                                    *)
                  Investasi pada unit-link adalah investasi yang dimiliki oleh pemegang polis                              Unit-link investments are investments owned by policyholders in
                  pada kontrak unit-link Entitas Anak yang disajikan sebesar nilai wajar.                                  Subsidiary’s unit-link contracts which are presented at fair value.

     e.     Rincian obligasi berdasarkan peringkat:                                                       e.     Details of bonds by rating:
                                                                                                                  Nilai wajar/biaya perolehan/
                                                                                                                 biaya perolehan diamortisasi
                                                                                                                      Fair value/at cost/
                                                                          Peringkat*)/Rating*)                        at amortised cost

                                                                            31 Desember 31 Desember              31 Desember           31 Desember
                                                               Lembaga          2025/      2024/                    2025/                  2024/
                                                             pemeringkat/ 31 December 31 December                31 December           31 December
                                                            Rating agencies      2025      2024                     2025                   2024

          Rupiah                                                                                                                                                                        Rupiah
          Diukur pada nilai wajar                                                                                                                                           Fair value through
             melalui laba rugi                                                                                                                                                  profit or loss
          Efek-efek                                                                                                                                                        Marketable securities
             Obligasi                                                                                                                                                                   Bonds
                Surat Perbendaharaan                                                                                                                                  Surat Perbendaharaan
                    Negara**)                                               -              -                 -           2.945.949           4.068.630                            Negara**)
                PT Bank Negara Indonesia Tbk                    Fitch Ratings          idAAA                 -             365.096                   -       PT Bank Negara Indonesia Tbk
                PT Bank Rakyat Indonesia Tbk                          Pefindo          idAAA                 -             254.060                   -        PT Bank Rakyat Indonesia Tbk
                PT Bank Pembangunan Daerah                                                                                                                    PT Bank Pembangunan Daerah
                    Jawa Timur Tbk                                          -           idAA-                -             120.966                     -                   Jawa Timur Tbk
                PT Bank SMBC Indonesia                                Pefindo          idAAA                 -              50.718                     -           PT Bank SMBC Indonesia
                PT Sarana Multigriya Finansial                                                                                                                         PT Sarana Multigriya
                    (Persero)                                         Pefindo          idAAA           idAAA                10.187                   -                  Finansial (Persero)
                PT Bank Tabungan Negara Tbk                           Pefindo          idAAA                 -               5.014                   -       PT Bank Tabungan Negara Tbk
                PT Bank Pan Indonesia Tbk                             Pefindo            idAA            idAA                    -              30.773           PT Bank Pan IndonesiaTbk

                 Efek beragun aset                                                                                                                                         Asset-backed security
                    PT Sarana Multigriya Finansial                                                                                                                        PT Sarana Multigriya
                        (Persero)                                     Pefindo          idAAA           idAAA                36.943              47.406                    Finansial (Persero)

                                                                                                                         3.788.933           4.146.809

            *)                                                                                                   *)
                   Informasi peringkat obligasi diperoleh dari Bloomberg yang mencakup                                  Information on rating of bonds were obtained from Bloomberg, which is
                   peringkat yang diberikan oleh lembaga pemeringkat seperti Pemeringkat                                based on ratings issued by the rating agencies, such as Pemeringkat Efek
                   Efek Indonesia (Pefindo), Standard and Poor’s, Moody’s dan Fitch                                     Indonesia (Pefindo), Standard and Poor’s, Moody’s and Fitch Ratings.
                   Ratings.
           **)                                                                                                   **)
                   Tidak memiliki peringkat.                                                                            No rating.
          ***)                                                                                                   ***)
                   Investasi pada unit-link adalah investasi yang dimiliki oleh pemegang                                Investments in unit-link contracts are investments owned by policyholder of
                   polis pada kontrak unit-link Entitas Anak yang disajikan sebesar nilai wajar                         unit link contracts of Subsidiary which are presented at fair value that is not
                   yang tidak diperingkat.                                                                              rated.




                                                                                            177
Page 1192
                                                                                                                             The original consolidated financial statements
                                                                                                                           included herein are in the Indonesian language.

            PT BANK MANDIRI (PERSERO) Tbk                                                                        PT BANK MANDIRI (PERSERO) Tbk
                DAN ENTITAS ANAKNYA                                                                                    AND ITS SUBSIDIARIES
          CATATAN ATAS LAPORAN KEUANGAN                                                                           NOTES TO THE CONSOLIDATED
                     KONSOLIDASIAN                                                                                    FINANCIAL STATEMENTS
           Tanggal 31 Desember 2025 dan untuk                                                                      As of 31 December 2025 and for
          Tahun Berakhir pada Tanggal Tersebut                                                                        for the Year Then Ended
             (Disajikan dalam jutaan Rupiah,                                                                      (Expressed in millions of Rupiah,
                 kecuali dinyatakan lain)                                                                             unless otherwise stated)

7.   EFEK-EFEK (lanjutan)                                                                   7.     MARKETABLE SECURITIES (continued)

     e.    Rincian obligasi berdasarkan peringkat: (lanjutan)                                      e.     Details of bonds by rating: (continued)
                                                                                                          Nilai wajar/biaya perolehan/
                                                                                                         biaya perolehan diamortisasi
                                                                                                              Fair value/at cost/
                                                                     Peringkat*)/Rating*)                     at amortised cost

                                                                       31 Desember 31 Desember           31 Desember           31 Desember
                                                          Lembaga          2025/      2024/                 2025/                  2024/
                                                        pemeringkat/ 31 December 31 December             31 December           31 December
                                                       Rating agencies      2025      2024                  2025                   2024
          Rupiah (lanjutan)                                                                                                                                             Rupiah (continued)
          Diukur pada nilai wajar                                                                                                                                       Fair value through
             melalui laba rugi (lanjutan)                                                                                                                       profit or loss (continued)
          Investasi pada unit-link ***)                                                                                                                  Investment in unit-link contracts***)
             Obligasi                                                                                                                                                                Bonds
                 PT Mayora Indah Tbk                                   -              -              -             106.244              69.811                    PT Mayora Indah Tbk
                 PT Sarana Multigriya Finansial                                                                                                         PT Sarana Multigriya Finansial
                     (Persero)                                         -              -              -             103.776             120.217                                 (Persero)
                 PT Tower Bersama                                                                                                                                   PT Tower Bersama
                     Infrastructure Tbk                                -              -              -              93.543              30.284                      Infrastructure Tbk
                 PT Indomobil Finance Indonesia                        -              -              -              81.402              44.565         PT Indomobil Finance Indonesia
                 PT Summarecon Agung Tbk                               -              -              -              62.218              59.078             PT Summarecon Agung Tbk
                 PT XL Axiata Tbk                                      -              -              -              61.583              76.179                         PT XL Axiata Tbk
                 PT Indah Kiat Pulp & Paper Tbk                        -              -              -              61.171              55.702         PT Indah Kiat Pulp & Paper Tbk
                 PT Kereta Api Indonesia                                                                                                                       PT Kereta Api Indonesia
                      (Persero)                                        -              -              -              59.374              47.181                                 (Persero)
                 PT Pegadaian (Persero)                                -              -              -              51.673              15.984                 PT Pegadaian (Persero)
                 PT Merdeka Copper Gold Tbk                            -              -              -              51.562              33.533            PT Merdeka Copper Gold Tbk
                 PT Waskita Karya (Persero) Tbk                        -              -              -              51.487              49.704         PT Waskita Karya (Persero) Tbk
                 PT Angkasa Pura II (Persero)                          -              -              -              44.375              43.968            PT Angkasa Pura II (Persero)
                 PT Global Mediacom Tbk                                -              -              -              41.741                   -                PT Global Mediacom Tbk
                 PT Adhi Commuter Properti Tbk                         -              -              -              37.293              36.026         PT Adhi Commuter Properti Tbk
                 PT Oto Multiartha                                     -              -              -              36.696              25.493                         PT Oto Multiartha
                 PT Medco Energi Internasional Tbk                     -              -              -              30.697              55.652      PT Medco Energi Internasional Tbk
                 PT Bank Pan Indonesia Tbk                             -              -              -              30.522              23.187              PT Bank Pan Indonesia Tbk
                 PT Jasa Marga (Persero) Tbk                           -              -              -              27.166              11.746            PT Jasa Marga (Persero) Tbk
                 PT Adira Dinamika Multi                                                                                                                        PT Adira Dinamika Multi
                     Finance Tbk                                       -              -              -              26.500              62.026                             Finance Tbk
                 PT Merdeka Battery Materials Tbk                      -              -              -              25.716                   -       PT Merdeka Battery Materials Tbk
                 PT Federal International Finance                      -              -              -              25.207              92.700        PT Federal International Finance
                 PT Sarana Multi Infrastruktur                                                                      25.132              59.502             PT Sarana Multi Infrastruktur
                 PT Bussan Auto Finance                                -              -              -              24.308              39.944                 PT Bussan Auto Finance
                 PT Bank Pembangunan Daerah                                                                                                            PT Bank Pembangunan Daerah
                     Sulawesi Selatan dan Barat                        -              -              -                                                    Sulawesi Selatan dan Barat
                     (Persero)                                         -              -              -              23.121              22.179                                 (Persero)
                 PT Bank Maybank Indonesia Tbk                         -              -              -              21.408              20.780        PT Bank Maybank Indonesia Tbk
                 PT Toyota Astra Financial Services                    -              -              -              22.338              20.334      PT Toyota Astra Financial Services
                 PT Bank Rakyat Indonesia                                                                                                                    PT Bank Rakyat Indonesia
                     (Persero) Tbk                                     -              -              -              20.650              66.445                           (Persero) Tbk
                 PT JACCS Mitra Pinasthika Mustika                     -              -              -              20.182              19.978      PT JACCS Mitra Pinasthika Mustika
                 PT Astra Sedaya Finance                               -              -              -              17.072                   -                PT Astra Sedaya Finance
                 PT Oki Pulp & Paper Mills                             -              -              -              15.398              25.021                PT Oki Pulp & Paper Mills
                 PT Wahana Ottomitra Multiartha Tbk                    -              -              -              15.322              36.958     PT Wahana Ottomitra Multiartha Tbk
                 PT BFI Finance Indonesia Tbk                          -              -              -              15.059              11.964           PT BFI Finance Indonesia Tbk
                 PT Permodalan Nasional Madani                         -              -              -              13.174              24.882        PT Permodalan Nasional Madani
                 PT Profesional Telekomunikasi                                                                                                          PT Profesional Telekomunikasi
                     Indonesia                                         -              -              -               5.094              24.815                                Indonesia
                 PT Sinar Mas Multiartha Tbk                           -              -              -              10.446              10.090             PT Sinar Mas Multiartha Tbk
                 PT Indosat Tbk                                        -              -              -              19.645              23.234                           PT Indosat Tbk
                 PT Bank Pembangunan Daerah                                                                                                            PT Bank Pembangunan Daerah
                     Jawa Timur Tbk                                    -              -              -              30.051                     -                       Jawa Timur Tbk
                 PT Indonesia Infrastructure                                                                                                                 PT Indonesia Infrastructure
                     Finance                                           -              -              -              28.325                   -                                  Finance
                 PT Pindo Deli Pulp & Paper Mills                      -              -              -              20.450                   -        PT Pindo Deli Pulp & Paper Mills
                 Bank CIMB Niaga                                       -              -              -              15.330                   -                        Bank CIMB Niaga
                 PT Hino Finance Indonesia                             -              -              -              13.275                   -               PT Hino Finance Indonesia
                 PT Chandra Asri Pacific Tbk                           -              -              -                   -              20.032             PT Chandra Asri Pacific Tbk
                 Lain-lain                                             -              -              -             116.169              91.620                                     Others

                                                                                                                 1.601.895           1.470.814

                                                                                                                 5.390.828           5.617.623

          Diukur pada nilai wajar                                                                                                                                      Fair value through
             melalui penghasilan                                                                                                                                   other comprehensive
             komprehensif lain                                                                                                                                                   income
          Efek-efek                                                                                                                                                   Marketable securities
             Obligasi                                                                                                                                                              Bonds

                  PT Pupuk Indonesia (Persero)             Fitch Ratings        idAAA       AAA(idn)               390.183             386.277           PT Pupuk Indonesia (Persero)
                  PT Hutama Karya (Persero)                      Pefindo        idAAA         idAA-                330.303             324.951             PT Hutama Karya (Persero)
                  PT XL Axiata Tbk                         Fitch Ratings      AAA(idn)      AAA(idn)               106.660             101.800                      PT XL Axiata Tbk
                  PT Perusahaan Listrik                                                                                                                         PT Perusahaan Listrik
                     Negara (Persero)                            Pefindo         idAAA           idAAA             103.553             103.352                     Negara (Persero)
                  PT Indosat Tbk                                 Pefindo         idAAA           idAAA              83.032              80.981                        PT Indosat Tbk

           *)                                                                                            *)
                  Informasi peringkat obligasi diperoleh dari Bloomberg yang mencakup                           Information on rating of bonds were obtained from Bloomberg, which is
                  peringkat yang diberikan oleh lembaga pemeringkat seperti Pemeringkat                         based on ratings issued by the rating agencies, such as Pemeringkat Efek
                  Efek Indonesia (Pefindo), Standard and Poor’s, Moody’s dan Fitch                              Indonesia (Pefindo), Standard and Poor’s, Moody’s and Fitch Ratings.
                  Ratings.
           **)                                                                                           **)
                  Tidak memiliki peringkat.                                                                     No rating.
           ***)                                                                                          ***)
                  Investasi pada unit-link adalah investasi yang dimiliki oleh pemegang                         Investments in unit-link contracts are investments owned by policyholder of
                  polis pada kontrak unit-link Entitas Anak yang disajikan sebesar nilai                        unit link contracts of Subsidiary which are presented at fair value that is not
                  wajar yang tidak diperingkat.                                                                 rated.



                                                                                     178
Page 1193
                                                                                                                          The original consolidated financial statements
                                                                                                                        included herein are in the Indonesian language.

            PT BANK MANDIRI (PERSERO) Tbk                                                                      PT BANK MANDIRI (PERSERO) Tbk
                DAN ENTITAS ANAKNYA                                                                                  AND ITS SUBSIDIARIES
          CATATAN ATAS LAPORAN KEUANGAN                                                                         NOTES TO THE CONSOLIDATED
                     KONSOLIDASIAN                                                                                  FINANCIAL STATEMENTS
           Tanggal 31 Desember 2025 dan untuk                                                                    As of 31 December 2025 and for
          Tahun Berakhir pada Tanggal Tersebut                                                                      for the Year Then Ended
             (Disajikan dalam jutaan Rupiah,                                                                    (Expressed in millions of Rupiah,
                 kecuali dinyatakan lain)                                                                           unless otherwise stated)

7.   EFEK-EFEK (lanjutan)                                                                  7.      MARKETABLE SECURITIES (continued)

     e.     Rincian obligasi berdasarkan peringkat: (lanjutan)                                     e.     Details of bonds by rating: (continued)

                                                                                                          Nilai wajar/biaya perolehan/
                                                                                                         biaya perolehan diamortisasi
                                                                                                              Fair value/at cost/
                                                                    Peringkat*)/Rating*)                      at amortised cost

                                                                       31 Desember 31 Desember           31 Desember        31 Desember
                                                          Lembaga          2025/      2024/                 2025/               2024/
                                                        pemeringkat/ 31 December 31 December             31 December        31 December
                                                       Rating agencies      2025      2024                  2025                2024

          Rupiah (lanjutan)                                                                                                                                      Rupiah (continued)
          Diukur pada nilai wajar                                                                                                                                Fair value through
             melalui penghasilan                                                                                                                            other comprehensive
             komprehensif lain (lanjutan)                                                                                                                      income (continued)

          Efek-efek (lanjutan)                                                                                                                     Marketable securities (continued)
             Obligasi (lanjutan)                                                                                                                                Bonds (continued)
                PT Chandra Asri Pacific Tbk                     Pefindo         idAA-           idAA-             76.582            72.363          PT Chandra Asri Pacific Tbk
                PT Bank Negara Indonesia                                                                                                              PT Bank Negara Indonesia
                    (Persero) Tbk                               Pefindo         idAAA           idAAA             56.328            54.984                        (Persero) Tbk
                PT Profesional                                                                                                                                     PT Profesional
                    Telekomunikasi Indonesia                    Pefindo         idAAA       AA-(idn)              50.343            48.987          Telekomunikasi Indonesia
                PT Bank Rakyat                                                                                                                                   PT Bank Rakyat
                    Indonesia (Persero) Tbk                     Pefindo         idAAA           idAAA             50.188            98.744             Indonesia (Persero) Tbk
                PT Bank Tabungan Negara                                                                                                              PT Bank Tabungan Negara
                    (Persero) Tbk                          Fitch Ratings     AAA(idn)      AA+(idn)               49.298            75.588                        (Persero) Tbk
                PT Kereta Api Indonesia                                                                                                                  PT Kereta Api Indonesia
                     (Persero)                                  Pefindo         idAAA           idAAA             42.619            41.140                            (Persero)
                PT Mayora Indah Tbk                             Pefindo           idAA            idAA            39.585            38.511                  PT Mayora Indah Tbk
                PT Wijaya Karya                                                                                                                                  PT Wijaya Karya
                    (Persero) Tbk                               Pefindo          idSD           idBBB             10.092             8.674                        (Persero) Tbk
                PT Telkom Indonesia                                                                                                                        PT Telkom Indonesia
                    (Persero) Tbk                               Pefindo              -          idAAA                   -           59.402                        (Persero) Tbk
                PT Pegadaian                                    Pefindo              -          idAAA                   -          128.692                         PT Pegadaian
                PT Dian Swastika Sentosa Tbk                    Pefindo              -             AA                   -            9.933        PT Dian Swastika Sentosa Tbk
                PT Hartadinata Abadi Tbk                        Pefindo              -             AA                   -            4.108              PT Hartadinata Abadi Tbk
                PT Tower Bersama                                                                                                                              PT Tower Bersama
                    Infrastructure Tbk                     Fitch Ratings            -      AA+(idn)                     -           39.803                   Infrastructure Tbk
                PT Pegadaian (Persero)                           Pefindo            -          AA-                      -           70.027               PT Pegadaian (Persero)
                PT Indah Kiat Pulp & Paper Tbk                   Pefindo         idA+           AA                      -           40.831       PT Indah Kiat Pulp & Paper Tbk

                                                                                                               1.388.766         1.789.148

          Diukur pada biaya perolehan
             diamortisasi                                                                                                                                        At amortised cost

          Efek-efek                                                                                                                                           Marketable securities
             Obligasi                                                                                                                                                       Bonds
                PT Hutama Karya                                                                                                                               PT Hutama Karya
                    (Persero)                                   Pefindo          idAA-           idAA-           580.007           580.013                          (Persero)
                PT Pelabuhan Indonesia IV                       Pefindo         idAAA           idAAA            250.000           695.000            PT Pelabuhan Indonesia IV
                PT Chandra Asri                                                                                                                                PT Chandra Asri
                    Pacific Tbk                                 Pefindo         idAA-           idAA-            250.000           482.000                         Pacific Tbk
                PT Bank Tabungan Negara                                                                                                               PT Bank Tabungan Negara
                    (Persero) Tbk                          Fitch Ratings     AAA(idn)      AA+(idn)               49.000            49.000                      (Persero) Tbk
                PT Kereta Api Indonesia                                                                                                                 PT Kereta Api Indonesia
                    (Persero)                                   Pefindo         idAAA           idAAA             20.000            20.000                           (Persero)
                PT Perusahaan Listrik                                                                                                                     PT Perusahaan Listrik
                     Negara (Persero)                           Pefindo              -          idAAA                   -          200.000                   Negara (Persero)
                PT Perusahaan Pengelola                                                                                                                PT Perusahaan Pengelola
                    Aset                                        Pefindo              -          idAA-                   -          150.000                                Aset


                Efek beragun aset                                                                                                                           Asset-backed security
                   PT Sarana Multigriya Finansial                                                                                                  PT Sarana Multigriya Finansial
                      (Persero)                                 Pefindo                    idAAA(sf)              25.619            42.153                            (Persero)

                                                                                                               1.174.626         2.218.166


           *)                                                                                            *)
                  Informasi peringkat obligasi diperoleh dari Bloomberg yang mencakup                         Information on rating of bonds were obtained from Bloomberg, which is
                  peringkat yang diberikan oleh lembaga pemeringkat seperti Pemeringkat                       based on ratings issued by the rating agencies, such as Pemeringkat Efek
                  Efek Indonesia (Pefindo), Standard and Poor’s, Moody’s dan Fitch                            Indonesia (Pefindo), Standard and Poor’s, Moody’s and Fitch Ratings.
                  Ratings.




                                                                                    179
Page 1194
                                                                                                                              The original consolidated financial statements
                                                                                                                            included herein are in the Indonesian language.

            PT BANK MANDIRI (PERSERO) Tbk                                                                          PT BANK MANDIRI (PERSERO) Tbk
                DAN ENTITAS ANAKNYA                                                                                      AND ITS SUBSIDIARIES
          CATATAN ATAS LAPORAN KEUANGAN                                                                             NOTES TO THE CONSOLIDATED
                     KONSOLIDASIAN                                                                                      FINANCIAL STATEMENTS
           Tanggal 31 Desember 2025 dan untuk                                                                        As of 31 December 2025 and for
          Tahun Berakhir pada Tanggal Tersebut                                                                          for the Year Then Ended
             (Disajikan dalam jutaan Rupiah,                                                                        (Expressed in millions of Rupiah,
                 kecuali dinyatakan lain)                                                                               unless otherwise stated)

7.   EFEK-EFEK (lanjutan)                                                                      7.    MARKETABLE SECURITIES (continued)
     e.     Rincian obligasi berdasarkan peringkat: (lanjutan)                                       e.     Details of bonds by rating: (continued)
                                                                                                            Nilai wajar/biaya perolehan/
                                                                                                           biaya perolehan diamortisasi
                                                                                                                Fair value/at cost/
                                                                    Peringkat*)/Rating*)                        at amortised cost

                                                                       31 Desember 31 Desember             31 Desember          31 Desember
                                                          Lembaga          2025/      2024/                   2025/                 2024/
                                                        pemeringkat/ 31 December 31 December               31 December          31 December
                                                       Rating agencies      2025      2024                    2025                  2024
          Rupiah (lanjutan)                                                                                                                                          Rupiah (continued)
          Diukur pada biaya
             perolehan***)                                                                                                                                                   At cost***)
          Efek-efek                                                                                                                                               Marketable securities
             Obligasi syariah perusahaan                                                                                                                      Sharia corporate bonds
                PT CIMB Niaga Auto Finance                 Fitch Ratings     AA+(idn)          AA+(idn)               45.000            45.000          PT CIMB Niaga Auto Finance
                PT Medco Power Indonesia                         Pefindo           idA               idA                   -           150.000           PT Medco Power Indonesia
                PT Indosat Tbk                                   Pefindo       idAAA             idAAA                     -           213.800                      PT Indosat Tbk
                PT XL Axiata Tbk                           Fitch Ratings             -         AAA(idn)                    -           195.000                    PT XL Axiata Tbk
                PT BPD Kalimantan Selatan                  Fitch Ratings        A(idn)            A(idn)                   -            35.000           PT BPD Kalimantan Selatan

                                                                                                                      45.000           638.800

          Total Rupiah                                                                                             7.999.220        10.263.737                            Total Rupiah


          Mata uang asing                                                                                                                                           Foreign currencies
          Diukur pada nilai wajar                                                                                                                                    Fair value through
             melalui laba rugi                                                                                                                                           profit or loss
          Efek-efek                                                                                                                                                Marketable securities
             Obligasi                                                                                                                                                            Bonds
                PT Millenio Amerta Data**)                             -             -                 -              32.820            30.313             PT Millenio Amerta Data**)

          Diukur pada nilai wajar                                                                                                                                    Fair value through
             melalui penghasilan                                                                                                                                other comprehensive
             komprehensif lain                                                                                                                                                  income
          Efek-efek                                                                                                                                                Marketable securities
             Obligasi                                                                                                                                                             Bonds
                PT Pertamina (Persero)                         Moody‘s           Baa2               Baa2             672.574           637.001               PT Pertamina (Persero)
                PT Indonesia Asahan                                                                                                                            PT Indonesia Asahan
                    Aluminium                              Fitch Ratings         BBB-               BBB-             206.061           535.760                           Aluminium
                PT Perusahaan Listrik Negara                                                                                                           PT Perusahaan Listrik Negara
                    (Persero) Tbk                              Moody‘s           Baa3               Baa2             145.621            57.843                        (Persero) Tbk
                PT Indika Energy Tbk                           Moody‘s            Ba3               Ba3               58.259            83.195                 PT Indika Energy Tbk
                PT Bank Negara Indonesia                                                                                                                  PT Bank Negara Indonesia
                    (Persero) Tbk                              Moody‘s           Baa2               Ba2               20.689            46.502                        (Persero) Tbk
                Medco Maple Tree Pte Ltd.                      Moody’s             B1                 -               26.290                 -           Medco Maple Tree Pte Ltd.
                PT Sarana Multi                                                                                                                                      PT Sarana Multi
                     Infrastruktur (Persero)                   Moody‘s          Baa2                Baa2              32.953            30.531               Infrastruktur (Persero)
                PT Delta Dunia Makmur Tbk                      Moody‘s           Ba3                 Ba3                   -            24.270          PT Delta Dunia Makmur Tbk
                PT Bank Tabungan Negara                                                                                                                  PT Bank Tabungan Negara
                    (Persero) Tbk                               Moody‘s                             Ba3                     -          160.443                        (Persero) Tbk
                PT Medco Energi                                                                                                                                     PT Medco Energi
                    Internasional Tbk                          Moody‘s                               B1                     -           41.630                    Internasional Tbk
                Lain-lain                                     Beragam/      Beragam/
                                                                various       various                  -              16.671            31.914
                                                                                                                   1.179.118         1.649.089
          Diukur pada biaya perolehan
             diamortisasi                                                                                                                                            At amortised cost
          Efek-efek                                                                                                                                                Marketable securities
             Obligasi                                                                                                                                                            Bonds
                PT Tower Bersama                                                                                                                                 PT Tower Bersama
                    Infrastructure Tbk                     Fitch Ratings          BBB-                 -             181.265                  -                  Infrastructure Tbk
                PT Perusahaan Listrik                                                                                                                          PT Perusahaan Listrik
                    Negara (Persero)                           Moody‘s            Baa2              Baa2             180.173           112.907                   Negara (Persero)
                PT Indonesia Infrastructure                                                                                                               PT Indonesia Infrastructure
                    Finance                                    Moody‘s            Baa3              Baa3              99.927            96.570                             Finance
                Medco Maple Tree Pte Ltd                       Moody‘s              B1                B1              69.504            64.380             Medco Maple Tree Pte Ltd
                PT Pertamina (Persero)                         Moody‘s            Baa2              Baa2              62.505            31.300               PT Pertamina (Persero)
                PT Bank Negara Indonesia                                                                                                                  PT Bank Negara Indonesia
                    (Persero) Tbk                              Moody‘s              Ba2             Ba2               36.388            35.087                       (Persero) Tbk
                Medco Oak Tree Pte Ltd                         Moody‘s                -              B1                    -            81.586              Medco Oak Tree Pte Ltd
                PT Indonesia Asahan                                                                                                                            PT Indonesia Asahan
                    Aluminium                              Fitch Ratings                  -         BBB-                    -          234.251                           Aluminium
                PT Indonesia Asahan                                                                                                                            PT Indonesia Asahan
                    Aluminium                                  Moody’s                    -         Baa3                    -          160.950                           Aluminium
                PT Pelabuhan Indonesia IV                      Moody‘s                     -        Baa3                    -          160.950            PT Pelabuhan Indonesia IV

                                                                                                                     629.762           977.981

          Total mata uang asing                                                                                    1.841.700         2.657.383                 Total foreign currencies

          Total                                                                                                    9.840.920        12.921.120                                    Total

           *)                                                                                              *)
                  Informasi peringkat obligasi diperoleh dari Bloomberg yang mencakup                             Information on rating of bonds were obtained from Bloomberg, which is
                  peringkat yang diberikan oleh lembaga pemeringkat seperti Pemeringkat                           based on ratings issued by the rating agencies, such as Pemeringkat Efek
                  Efek Indonesia (Pefindo), Standard and Poor’s, Moody’s dan Fitch                                Indonesia (Pefindo), Standard and Poor’s, Moody’s and Fitch Ratings.
                  Ratings.
           **)                                                                                             **)
                  Tidak memiliki peringkat.                                                                       No rating.
           ***)                                                                                            ***)
                  Efek-efek yang dimiliki oleh Entitas Anak.                                                      Marketable securities owned by Subsidiary.




                                                                                    180
Page 1195
                                                                                                                          The original consolidated financial statements
                                                                                                                        included herein are in the Indonesian language.

            PT BANK MANDIRI (PERSERO) Tbk                                                                     PT BANK MANDIRI (PERSERO) Tbk
                DAN ENTITAS ANAKNYA                                                                                 AND ITS SUBSIDIARIES
          CATATAN ATAS LAPORAN KEUANGAN                                                                        NOTES TO THE CONSOLIDATED
                     KONSOLIDASIAN                                                                                 FINANCIAL STATEMENTS
           Tanggal 31 Desember 2025 dan untuk                                                                   As of 31 December 2025 and for
          Tahun Berakhir pada Tanggal Tersebut                                                                     for the Year Then Ended
             (Disajikan dalam jutaan Rupiah,                                                                   (Expressed in millions of Rupiah,
                 kecuali dinyatakan lain)                                                                          unless otherwise stated)

7.   EFEK-EFEK (lanjutan)                                                               7.    MARKETABLE SECURITIES (continued)

     f.    Tingkat suku bunga rata-rata (yield) per tahun:                                    f.    Average interest rate (yield) per annum:
                                                                 31 Desember 2025/           31 Desember 2024/
                                                                 31 December 2025            31 December 2024

           Rupiah                                                                 7,06%                             5,99%                                           Rupiah
           Mata uang asing (disetarakan                                                                                                    Foreign currencies (equivalent to
             dalam Rupiah)                                                        4,63%                             4,01%                                       Rupiah)

     g.    Mutasi cadangan kerugian penurunan nilai efek-                                     g.    Movements of allowance for impairment losses on
           efek:                                                                                    marketable securities:
           Mutasi cadangan kerugian penurunan nilai efek-                                           Movements of allowance for impairment losses on
           efek yang diukur pada biaya perolehan                                                    marketable securities measured at amortised cost
           diamortisasi dan biaya perolehan:                                                        and at cost:

                                                                 31 Desember 2025/           31 Desember 2024/
                                                                 31 December 2025            31 December 2024

           Saldo awal                                                            51.497                          150.275                                  Beginning balance
           (Pembalikan)/pembentukan selama                                                                                                       (Reversal)/Allowance during
               tahun berjalan (Catatan 46)                                       24.746                           (92.063)                              the year (Note 46)
           Lain-lain*)                                                          (35.523)                           (6.715)                                           Others*)
           Saldo akhir                                                           40.720                            51.497                                          Ending balance

           *)                                                                                       *)
                 Termasuk selisih kurs karena penjabaran mata uang asing.                                    Included effect of foreign currency translation.


                                                                            31 Desember 2025/31 December 2025
                                                                                                                  Syariah*)/
                                                 Stage 1              Stage 2             Stage 3                  Sharia*)                 Total

          Saldo awal                                   16.270                    (4)                     -                35.231                 51.497             Beginning balance
          Pengukuran kembali bersih                                                                                                                             Net remeasurement of
             penyisihan kerugian                       33.812                     4                      -                 2.759                 36.575           losses allowance
          Aset keuangan baru yang                                                                                                                                New financial assets
             diterbitkan atau                                                                                                                                          originated or
             dibeli                                       521                     -                      -                       -                   521                 purchased
          Aset keuangan yang                                                                                                                                           Financial asset
             dihentikan pengakuannya                   (6.412)                    -                      -                (5.938)               (12.350)              derecognised
          Total pembentukan/                                                                                                                                          Total allowance/
             (pembalikan) tahun                                                                                                                                    (reversal) during
             berjalan                                  27.921                     4                      -                (3.179)                24.746                    the year
          Lain-lain**)                                (35.584)                    -                      -                    61                (35.523)                       Others**)
          Saldo akhir                                   8.607                     -                      -                32.113                 40.720              Ending balance


                                                                            31 Desember 2024/31 December 2024
                                                                                                                  Syariah*)/
                                                 Stage 1              Stage 2             Stage 3                  Sharia*)                 Total

          Saldo awal                                   17.822                    (4)                 8                  132.449                150.275              Beginning balance
          Pengukuran kembali bersih                                                                                                                             Net remeasurement of
             penyisihan kerugian                        5.380                     -                 (8)                    9.659                 15.031           losses allowance
          Aset keuangan baru yang                                                                                                                                New financial assets
             diterbitkan atau                                                                                                                                          originated or
             dibeli                                     1.824                     -                      -                       -                1.824                  purchased
          Aset keuangan yang                                                                                                                                           Financial asset
             dihentikan pengakuannya                   (2.041)                    -                      -             (106.877)              (108.918)               derecognised

          Total pembentukan/                                                                                                                                          Total allowance/
             (pembalikan) tahun                                                                                                                                    (reversal) during
             berjalan                                   5.163                     -                 (8)                  (97.218)               (92.063)                   the year
          Lain-lain**)                                 (6.715)                    -                  -                         -                 (6.715)                       Others**)

          Saldo akhir                                  16.270                    (4)                     -                35.231                 51.497              Ending balance

           *)                                                                                       *)
                 Tidak menerapkan PSAK 109.                                                                   Not implement SFAS 109.
           **)                                                                                      **)
                 Termasuk selisih kurs karena penjabaran mata uang asing.                                     Included effect of foreign currency translation.


                                                                                  181
Page 1196
                                                                                                                The original consolidated financial statements
                                                                                                              included herein are in the Indonesian language.

            PT BANK MANDIRI (PERSERO) Tbk                                                             PT BANK MANDIRI (PERSERO) Tbk
                DAN ENTITAS ANAKNYA                                                                         AND ITS SUBSIDIARIES
          CATATAN ATAS LAPORAN KEUANGAN                                                                NOTES TO THE CONSOLIDATED
                     KONSOLIDASIAN                                                                         FINANCIAL STATEMENTS
           Tanggal 31 Desember 2025 dan untuk                                                           As of 31 December 2025 and for
          Tahun Berakhir pada Tanggal Tersebut                                                             for the Year Then Ended
             (Disajikan dalam jutaan Rupiah,                                                           (Expressed in millions of Rupiah,
                 kecuali dinyatakan lain)                                                                  unless otherwise stated)

7.   EFEK-EFEK (lanjutan)                                                      7.      MARKETABLE SECURITIES (continued)

     g.    Mutasi cadangan kerugian penurunan nilai efek-                             g.     Movements of allowance for impairment losses on
           efek: (lanjutan)                                                                  marketable securities: (continued)

           Mutasi cadangan kerugian penurunan nilai efek-                                    Movements of allowance for impairment losses on
           efek yang diukur pada nilai wajar melalui                                         marketable securities measured at fair value
           penghasilan komprehensif lain:                                                    through other comprehensive income:

                                                            31 Desember 2025/        31 Desember 2024/
                                                            31 December 2025         31 December 2024

            Saldo awal                                                   9.633                            30.311                            Beginning balance
            Pembentukan/(pembalikan) selama                                                                                         Allowance/(reversal) during
              tahun berjalan (Catatan 46)                                    300                         (20.678)                        the year (Note 46)
            Saldo akhir                                                  9.933                             9.633                                   Ending balance


                                                                  31 Desember 2025/31 December 2025
                                                                                                         Syariah*)/
                                             Stage 1           Stage 2             Stage 3                Sharia*)              Total

          Saldo awal                              2.712                  -              6.921                         -             9.633           Beginning balance
          Pengukuran kembali bersih                                                                                                             Net remeasurement of
             penyisihan kerugian                   (972)                 -              1.341                             -             369       losses allowance
          Aset keuangan baru yang                                                                                                                New financial assets
             diterbitkan atau                                                                                                                          originated or
             dibeli                                    69                -                        -                   -                  69              purchased
          Aset keuangan yang                                                                                                                           Financial asset
             dihentikan pengakuannya               (138)                 -                        -                   -                 (138)         derecognised

          Total pembentukan/                                                                                                                          Total allowance/
             (pembalikan) tahun                                                                                                                    (reversal) during
             berjalan                            (1.041)                 -              1.341                         -                 300                the year

          Saldo akhir                             1.671                  -              8.262                         -             9.933            Ending balance


                                                                  31 Desember 2024/31 December 2024
                                                                                                         Syariah*)/
                                             Stage 1           Stage 2             Stage 3                Sharia*)              Total

          Saldo awal                              5.461                  -             24.850                         -            30.311           Beginning balance
          Pengukuran kembali bersih                                                                                                             Net remeasurement of
             penyisihan kerugian                 (1.977)                 -             (5.918)                        -            (7.895)        losses allowance
          Aset keuangan baru yang                                                                                                                New financial assets
             diterbitkan atau                                                                                                                          originated or
             dibeli                                144                   -                        -                   -                 144              purchased
          Aset keuangan yang                                                                                                                           Financial asset
             dihentikan pengakuannya               (916)                 -            (12.011)                        -           (12.927)            derecognised

          Total pembalikan                                                                                                                              Total reversal
             tahun berjalan                      (2.749)                 -            (17.929)                        -           (20.678)          during the year

          Saldo akhir                             2.712                  -                 6.921                      -             9.633            Ending balance


           *)                                                                                *)
                Tidak menerapkan PSAK 109.                                                            Not implement SFAS 109.

           Manajemen berpendapat bahwa jumlah cadangan                                       Management believes that the allowance for
           kerugian penurunan nilai efek-efek telah                                          impairment losses on marketable securities is
           memadai.                                                                          adequate.
     h.    Informasi mengenai pengelompokan berdasarkan                               h.     Information in respect of classification of
           kelompok “tidak mengalami penurunan nilai” dan                                    “non-impaired” and “impaired” from sharia
           “mengalami penurunan nilai” untuk aset keuangan                                   Subsidiary are disclosed in Note 62A.
           dari Entitas Anak syariah diungkapkan pada
           Catatan 62A.



                                                                         182
Page 1197
                                                                                        The original consolidated financial statements
                                                                                      included herein are in the Indonesian language.

          PT BANK MANDIRI (PERSERO) Tbk                                        PT BANK MANDIRI (PERSERO) Tbk
              DAN ENTITAS ANAKNYA                                                    AND ITS SUBSIDIARIES
        CATATAN ATAS LAPORAN KEUANGAN                                           NOTES TO THE CONSOLIDATED
                   KONSOLIDASIAN                                                    FINANCIAL STATEMENTS
         Tanggal 31 Desember 2025 dan untuk                                      As of 31 December 2025 and for
        Tahun Berakhir pada Tanggal Tersebut                                        for the Year Then Ended
           (Disajikan dalam jutaan Rupiah,                                      (Expressed in millions of Rupiah,
               kecuali dinyatakan lain)                                             unless otherwise stated)

7.   EFEK-EFEK (lanjutan)                                        7.    MARKETABLE SECURITIES (continued)

     i. Investasi dalam unit reksa dana pada Bank Mandiri              i.   Investment in mutual fund of the Bank measured at
        saja yang diklasifikasikan sebagai diukur pada nilai                fair value through other comprehensive income are
        wajar melalui penghasilan komprehensif lain                         as follows:
        sebagai berikut:
                                              31 Desember 2025/       31 Desember 2024/
                                              31 December 2025        31 December 2024
        Reksa Dana Terproteksi Syailendra                                                       Protected Mutual Fund Syailendra
          Capital Protected Fund 45                    1.451.413               1.447.550              Capital Protected Fund 45
        Reksa Dana Terproteksi Manulife                                                            Protected Mutual Fund Manulife
          Proteksi Dana Utama III                      1.327.339               1.321.424                Proteksi Dana Utama III
        Reksa Dana Terproteksi Syailendra                                                        Protected Mutual Fund Syailendra
          Capital Protected Fund 53                    1.028.177               1.025.354              Capital Protected Fund 53
        Reksa Dana Terproteksi Syailendra                                                        Protected Mutual Fund Syailendra
          Capital Protected Fund 52                    1.025.485               1.023.324              Capital Protected Fund 52
        Reksa Dana Terproteksi BNI AM                                                               Protected Mutual Fund BNI AM
          Proteksi Orchid                              1.019.850               1.015.730                         Proteksi Orchid
        Reksa Dana Terproteksi BNI AM                                                               Protected Mutual Fund BNI AM
          Proteksi Sunflower                           1.010.257               1.010.117                      Proteksi Sunflower
        Reksa Dana Trimegah Terproteksi 24               914.077                 912.804       Protected Mutual Fund Trimegah 24
        Reksa Dana Terproteksi BNI AM                                                               Protected Mutual Fund BNI AM
          Proteksi Rasamala                              769.433                 766.342                     Proteksi Rasamala
        Reksa Dana Terproteksi Manulife                                                            Protected Mutual Fund Manulife
          Proteksi Dana Utama II                         764.370                 763.380                 Proteksi Dana Utama II
        Reksa Dana Terproteksi BNI AM                                                               Protected Mutual Fund BNI AM
          Proteksi Magnifera                             763.914                 761.369                      Proteksi Magnifera
        Reksa Dana Trimegah Terproteksi 26               762.406                 762.014       Protected Mutual Fund Trimegah 26
        Reksa Dana Danareksa Proteksi 81                 762.143                 760.305      Protected Mutual Fund Danareksa 81
        Reksa Dana Terproteksi Syailendra                                                        Protected Mutual Fund Syailendra
          Capital Protected Fund 46                      757.133                 756.334              Capital Protected Fund 46
        Reksa Dana Danareksa                                                                                Protected Mutual Fund
          Proteksi 79                                    710.010                 710.675                  Danareksa Proteksi 79
        Reksa Dana Trimegah Terproteksi 21               634.309               1.007.889       Protected Mutual Fund Trimegah 21
        Reksa Dana Terproteksi                                                                              Protected Mutual Fund
          Mandiri Investa 12                             614.318                       -                     Mandiri Investa 12
        Reksa Dana Terproteksi BRI MI 107                614.305                       -        Protected Mutual Fund BRI MI 107
        Reksa Dana Terproteksi Panin 26                  610.066                 606.806           Protected Mutual Fund Panin 26
        Reksa Dana Terproteksi Syailendra                                                        Protected Mutual Fund Syailendra
          Capital Protected Fund 63                      609.335                        -             Capital Protected Fund 63
        Reksa Dana Terproteksi Mandiri                                                              Protected Mutual Fund Mandiri
          Investa 16                                     602.109                        -                             Investa 16
        Reksa Dana Terproteksi                                                                              Protected Mutual Fund
          Sucorinvest Proteksi 53                        603.035                        -                         Sucorinvest 16
        Reksa Dana Terproteksi Recapital                                                          Protected Mutual Fund Recapital
          Proteksi Cluster I                             601.423                        -                      Proteksi Cluster I
        Reksa Dana Terproteksi Bahana                                                               Protected Mutual Fund Bahana
          Centrum Protected Fund 221                     500.834                 499.384           Centrum Protected Fund 221
        Reksa Dana Terproteksi Bahana                                                               Protected Mutual Fund Bahana
          Centrum Protected Fund 222                     497.990                 496.520           Centrum Protected Fund 222
        Reksa Dana Terproteksi Panin 17                        -                 993.523           Protected Mutual Fund Panin 17
        Reksa Dana Terproteksi BNP Paribas                                                     Protected Mutual Fund BNP Paribas
          Selaras VI                                             -               991.762                              Selaras VI
        Reksa Dana Terproteksi BNP                                                                     Protected Mutual Fund BNP
          Paribas Selaras V                                      -               501.066                      Paribas Selaras V
                                                      18.953.731              18.133.672

     j. Pada tanggal 31 Desember 2025, saldo efek-efek                 j.   As of 31 December 2025, securities with total
        yang dijual dengan janji untuk dibeli kembali                       amount of USD90,290,894 (full amount) and
        masing-masing sebesar USD90.290.894 (nilai                          Rp105,432, respectively, were sold under
        penuh) dan Rp105.432 (31 Desember 2024:                             repurchase agreements (31 December 2024:
        USD38.809.348 (nilai penuh) dan Rp2.936.512).                       USD38,809,348 (full amount) and Rp2,936,512).

     k. Berdasarkan kolektibilitas sesuai POJK:                        k.   By collectability based on FSA regulation:

        Kolektibilitas efek-efek sesuai POJK diungkapkan                    Collectability of marketable securities in accordance
        pada Catatan 65.                                                    with FSA regulation are disclosed in Note 65.




                                                           183
Page 1198
                                                                                                                         The original consolidated financial statements
                                                                                                                       included herein are in the Indonesian language.

               PT BANK MANDIRI (PERSERO) Tbk                                                                   PT BANK MANDIRI (PERSERO) Tbk
                   DAN ENTITAS ANAKNYA                                                                               AND ITS SUBSIDIARIES
             CATATAN ATAS LAPORAN KEUANGAN                                                                      NOTES TO THE CONSOLIDATED
                        KONSOLIDASIAN                                                                               FINANCIAL STATEMENTS
              Tanggal 31 Desember 2025 dan untuk                                                                 As of 31 December 2025 and for
             Tahun Berakhir pada Tanggal Tersebut                                                                   for the Year Then Ended
                (Disajikan dalam jutaan Rupiah,                                                                 (Expressed in millions of Rupiah,
                    kecuali dinyatakan lain)                                                                        unless otherwise stated)

8.    OBLIGASI PEMERINTAH                                                                     8.    GOVERNMENT BONDS

      Akun ini terdiri dari obligasi yang dikeluarkan oleh                                         This account consists of bonds issued by Government of
      Pemerintah Republik Indonesia yang diperoleh Grup                                            the Republic of Indonesia which are obtained by the
      dari pasar primer dan sekunder dengan rincian sebagai                                        Group from primary and secondary markets with details
      berikut:                                                                                     as follows:

                                                                     31 Desember 2025/             31 Desember 2024/
                                                                     31 December 2025              31 December 2024
     Pihak berelasi (Catatan 56)                                                                                                                   Related parties (Note 56)
     Obligasi Pemerintah                                                                                                                                 Government bonds
       Diukur pada biaya perolehan
          diamortisasi ***)                                                   137.907.775                     153.035.870                             At amortised cost***)
       Diukur pada nilai wajar melalui                                                                                                                 Fair value through
          penghasilan                                                                                                                             other comprehensive
          komprehensif lain ***)                                               106.034.349                     82.065.670                                        income***)
       Diukur pada biaya perolehan *)                                           15.187.944                     22.560.953                                          At cost *)
       Diukur pada nilai wajar                                                                                                                         Fair value through
          melalui laba rugi ***)                                                19.407.836                     17.761.405                                profit or loss***)
                                    **)
     Investasi pada unit-link                                                                                                         Investments in unit-link contracts **)
        Diukur pada nilai wajar                                                                                                                     Fair value through
          melalui laba rugi                                                      14.279.644                    11.848.761                              profit or loss

                                                                               292.817.548                    287.272.659


      *)      Obligasi Pemerintah yang dimiliki oleh Entitas Anak yang diklasifikasikan                  *)   Government bonds owned by Subsidiary are classified based on SFAS
              sesuai dengan PSAK 410 “Akuntansi Sukuk”.                                                       410 “Accounting for Sukuk”.
      **)     Investasi pada unit-link adalah investasi yang dimiliki oleh pemegang polis                **)  Investments in unit-link contracts are investments owned by
              pada kontrak unit-link Entitas Anak yang disajikan sebesar nilai wajar.                         policyholders of unit-link contracts of Subsidiary which are presented at
                                                                                                              fair value.
      ***)    Termasuk project-based sukuk dan sukuk ritel.                                              ***) Including project-based sukuk and retail sukuk.


      a.      Berdasarkan jatuh tempo                                                               a.   By maturity

              Obligasi Pemerintah berdasarkan sisa umur jatuh                                            The government bonds, by remaining period of
              temponya adalah sebagai berikut:                                                           maturity, are as follows:

                                                                     31 Desember 2025/             31 Desember 2024/
                                                                     31 December 2025              31 December 2024
             Rupiah                                                                                                                                                   Rupiah
             Diukur pada nilai wajar                                                                                                                     Fair value through
               melalui laba rugi ***)                                                                                                                     profit or loss ***)
               Obligasi Pemerintah                                                                                                                      Government bonds
                 Kurang dari 1 tahun                                              2.862.433                     1.417.906                               Less than 1 year
                 1 - 5 tahun                                                     13.472.050                     8.113.160                                     1 - 5 years
                 5 - 10 tahun                                                     1.242.844                     4.181.607                                   5 - 10 years
                 Lebih dari 10 tahun                                                522.828                     3.610.894                                 Over 10 years

                                                                                 18.100.155                    17.323.567


               Investasi pada unit-link **)                                                                                                      Investments in unit-link**)
                  Kurang dari 1 tahun                                                310.564                      110.370                             Less than 1 year
                  1 - 5 tahun                                                      3.295.338                    2.969.797                                   1 - 5 years
                  5 - 10 tahun                                                     4.522.149                    3.756.883                                 5 - 10 years
                  Lebih dari 10 tahun                                              5.269.470                    4.216.285                               Over 10 years

                                                                                 13.397.521                    11.053.335

                                                                                 31.497.676                    28.376.902




                                                                                        184
Page 1199
                                                                                                                           The original consolidated financial statements
                                                                                                                         included herein are in the Indonesian language.

            PT BANK MANDIRI (PERSERO) Tbk                                                                      PT BANK MANDIRI (PERSERO) Tbk
                DAN ENTITAS ANAKNYA                                                                                  AND ITS SUBSIDIARIES
          CATATAN ATAS LAPORAN KEUANGAN                                                                         NOTES TO THE CONSOLIDATED
                     KONSOLIDASIAN                                                                                  FINANCIAL STATEMENTS
           Tanggal 31 Desember 2025 dan untuk                                                                    As of 31 December 2025 and for
          Tahun Berakhir pada Tanggal Tersebut                                                                      for the Year Then Ended
             (Disajikan dalam jutaan Rupiah,                                                                    (Expressed in millions of Rupiah,
                 kecuali dinyatakan lain)                                                                           unless otherwise stated)

8.   OBLIGASI PEMERINTAH (lanjutan)                                                          8.    GOVERNMENT BONDS (continued)

     a.    Berdasarkan jatuh tempo (lanjutan)                                                      a.   By maturity (continued)

           Obligasi Pemerintah berdasarkan sisa umur jatuh                                              The government bonds, by remaining period of
           temponya adalah sebagai berikut: (lanjutan)                                                  maturity, are as follows: (continued)

                                                                    31 Desember 2025/             31 Desember 2024/
                                                                    31 December 2025              31 December 2024

          Rupiah (lanjutan)                                                                                                                              Rupiah (continued)
          Diukur pada nilai wajar melalui                                                                                                                Fair value through
            penghasilan                                                                                                                              other comprehensive
            komprehensif lain ***)                                                                                                                               income ***)
            Obligasi Pemerintah                                                                                                                         Government bonds
              Kurang dari 1 tahun                                                4.653.830                      2.310.720                               Less than 1 year
              1 - 5 tahun                                                       40.892.522                     21.492.825                                     1 - 5 years
              5 - 10 tahun                                                      26.314.775                     27.154.325                                    5 - 10 years
              Lebih dari 10 tahun                                               12.060.093                      6.592.420                                  Over 10 years

                                                                                83.921.220                     57.550.290


          Diukur pada biaya perolehan
            diamortisasi ***)                                                                                                                             At amortised cost ***)
            Obligasi Pemerintah                                                                                                                           Government bonds
              Kurang dari 1 tahun                                               20.743.960                     14.738.503                                 Less than 1 year
              1 - 5 tahun                                                       28.255.050                     40.495.071                                       1 - 5 years
              5 - 10 tahun                                                      38.713.414                     41.548.601                                     5 - 10 years
              Lebih dari 10 tahun                                               24.234.526                     30.833.575                                   Over 10 years

                                                                              111.946.950                     127.615.750
                                                    *)
          Diukur pada biaya perolehan                                                                                                                                   At cost*)
            Obligasi Pemerintah                                                                                                                           Government bonds
              Kurang dari 1 tahun                                                 6.730.230                     7.938.536                                 Less than 1 year
              1 - 5 tahun                                                         6.318.500                    13.005.252                                       1 - 5 years
              5 - 10 tahun                                                          164.133                       216.072                                     5 - 10 years
              Lebih dari 10 tahun                                                   968.104                       967.513                                   Over 10 years

                                                                                14.180.967                     22.127.373

          Total                                                               241.546.813                     235.670.315                                                       Total

           *)                                                                                           *)
                  Obligasi Pemerintah yang dimiliki oleh Entitas Anak yang                                      Government bonds owned by Subsidiary are classified based on SFAS
                  diklasifikasikan sesuai dengan PSAK 410 “Akuntansi Sukuk”.                                    410 “Accounting for Sukuk”.
           **)                                                                                          **)
                  Investasi pada unit-link adalah investasi yang dimiliki oleh pemegang                         Investments in unit-link contracts are investments owned by
                  polis pada kontrak unit-link Entitas Anak yang disajikan sebesar nilai                        policyholders of Subsidiary’s unit-link contracts which are presented at
                  wajar.                                                                                        fair value.
           ***)                                                                                         ***)
                  Termasuk project based sukuk dan sukuk ritel.                                                 Including project-based sukuk and retail sukuk.




                                                                                       185
Page 1200
                                                                                                                           The original consolidated financial statements
                                                                                                                         included herein are in the Indonesian language.

            PT BANK MANDIRI (PERSERO) Tbk                                                                      PT BANK MANDIRI (PERSERO) Tbk
                DAN ENTITAS ANAKNYA                                                                                  AND ITS SUBSIDIARIES
          CATATAN ATAS LAPORAN KEUANGAN                                                                         NOTES TO THE CONSOLIDATED
                     KONSOLIDASIAN                                                                                  FINANCIAL STATEMENTS
           Tanggal 31 Desember 2025 dan untuk                                                                    As of 31 December 2025 and for
          Tahun Berakhir pada Tanggal Tersebut                                                                      for the Year Then Ended
             (Disajikan dalam jutaan Rupiah,                                                                    (Expressed in millions of Rupiah,
                 kecuali dinyatakan lain)                                                                           unless otherwise stated)

8.   OBLIGASI PEMERINTAH (lanjutan)                                                           8.    GOVERNMENT BONDS (continued)

     a.    Berdasarkan jatuh tempo (lanjutan)                                                       a.   By maturity (continued)

           Obligasi Pemerintah berdasarkan sisa umur jatuh                                               The government bonds, by remaining period of
           temponya adalah sebagai berikut: (lanjutan)                                                   maturity, are as follows: (continued)

                                                                     31 Desember 2025/             31 Desember 2024/
                                                                     31 December 2025              31 December 2024

          Mata uang asing                                                                                                                                  Foreign currencies
          Diukur pada nilai wajar melalui                                                                                                                  Fair value through
            laba rugi                                                                                                                                          profit or loss
            Obligasi Pemerintah                                                                                                                           Government bonds
              Kurang dari 1 tahun                                                      3.643                      298.570                                 Less than 1 year
              1 - 5 tahun                                                          1.092.977                       35.980                                       1 - 5 years
              5 - 10 tahun                                                            88.170                      102.014                                     5 - 10 years
              Lebih dari 10 tahun                                                    122.891                        1.274                                   Over 10 years

                                                                                   1.307.681                      437.838

                Investasi pada unit-link *)                                                                                                        Investments in unit-link*)
                   Kurang dari 1 tahun                                                25.038                            -                              Less than 1 year
                   1 - 5 tahun                                                       158.740                      231.911                                    1 - 5 years
                   5 - 10 tahun                                                      226.203                      144.374                                  5 - 10 years
                   Lebih dari 10 tahun                                               472.142                      419.141                                 Over 10 years

                                                                                     882.123                      795.426

                                                                                   2.189.804                    1.233.264

          Diukur pada nilai wajar melalui                                                                                                                 Fair value through
            penghasilan                                                                                                                              other comprehensive
            komprehensif lain                                                                                                                                       income
            Obligasi Pemerintah                                                                                                                         Government bonds
              Kurang dari 1 tahun                                                 6.532.070                     3.220.709                               Less than 1 year
              1 - 5 tahun                                                        10.285.400                    10.652.125                                     1 - 5 years
              5 - 10 tahun                                                        4.194.721                     9.280.581                                    5 - 10 years
              Lebih dari 10 tahun                                                 1.100.938                     1.361.965                                  Over 10 years

                                                                                 22.113.129                    24.515.380

          Diukur pada biaya perolehan
            diamortisasi                                                                                                                                    At amortised cost
            Obligasi Pemerintah                                                                                                                           Government bonds
              Kurang dari 1 tahun                                                 5.895.471                       621.045                                 Less than 1 year
              1 - 5 tahun                                                        17.150.284                    10.782.117                                       1 - 5 years
              5 - 10 tahun                                                        2.689.256                    13.750.965                                     5 - 10 years
              Lebih dari 10 tahun                                                   225.814                       265.993                                   Over 10 years

                                                                                 25.960.825                    25.420.120

          Diukur pada biaya perolehan                                                                                                                                   At cost
            Obligasi Pemerintah                                                                                                                           Government bonds
              Kurang dari 1 tahun                                                          -                      142.355                                 Less than 1 year
              1 - 5 tahun                                                            919.974                      291.225                                       1 - 5 years
              5 - 10 tahun                                                            87.003                            -                                     5 - 10 years

                                                                                   1.006.977                      433.580


          Total (Catatan 62.B.(iv))                                              51.270.735                    51.602.344                                Total (Note 62.B.(iv))

                                                                               292.817.548                    287.272.659

           *)                                                                                            *)
                   Investasi pada unit-link adalah investasi yang dimiliki oleh pemegang                        Investments in unit-link contracts are investments owned by
                   polis pada kontrak unit-link Entitas Anak yang disajikan sebesar nilai                       policyholders of Subsidiary’s unit-link contracts which are presented at
                   wajar.                                                                                       fair value.




                                                                                        186
Page 1201
                                                                                                                              The original consolidated financial statements
                                                                                                                            included herein are in the Indonesian language.

            PT BANK MANDIRI (PERSERO) Tbk                                                                          PT BANK MANDIRI (PERSERO) Tbk
                DAN ENTITAS ANAKNYA                                                                                      AND ITS SUBSIDIARIES
          CATATAN ATAS LAPORAN KEUANGAN                                                                             NOTES TO THE CONSOLIDATED
                     KONSOLIDASIAN                                                                                      FINANCIAL STATEMENTS
           Tanggal 31 Desember 2025 dan untuk                                                                        As of 31 December 2025 and for
          Tahun Berakhir pada Tanggal Tersebut                                                                          for the Year Then Ended
             (Disajikan dalam jutaan Rupiah,                                                                        (Expressed in millions of Rupiah,
                 kecuali dinyatakan lain)                                                                               unless otherwise stated)

8.   OBLIGASI PEMERINTAH (lanjutan)                                                           8.     GOVERNMENT BONDS (continued)
     b.     Berdasarkan jenis                                                                        b.     By type
                                                                             31 Desember 2025/31 December 2025

                                                          Nominal/
                                                           biaya           Tingkat
                                                         perolehan/          suku
                                                           biaya            bunga
                                                         perolehan            per                                              Frekuensi
                                                        diamortisasi/       tahun/                                            pembayaran
                                                          Nominal/         Interest                            Tanggal            bunga/
                                                            cost             rates                          jatuh tempo/      Frequency of
                                                         amortised            per         Nilai wajar/         Maturity          interest
                                                            cost            annum         Fair value            dates           payment
          Rupiah                                                                                                                                                              Rupiah
          Diukur pada nilai wajar                                                                                                                                Fair value through
             melalui laba rugi **)                                                                                                                                profit or loss **)
          Obligasi Pemerintah                                                                                                                                    Government bonds
                                                                            4,88% -                          15/02/2026 -     1 dan 6 bulan/
          Obligasi suku bunga tetap                        17.479.197       10,50%         18.100.155         15/07/2064     1 and 6 months                          Fixed rate bonds

          Investasi pada unit-link*)                                                                                                               Investments in unit-link contracts*)
                                                                            4,88% -                          15/02/2026 -     1 dan 6 bulan/
          Obligasi suku bunga tetap                        13.397.521       10,50%         13.397.521         15/07/2064     1 and 6 months                          Fixed rate bonds

          Diukur pada nilai wajar                                                                                                                                Fair value through
             melalui penghasilan                                                                                                                           other comprehensive
             komprehensif lain **)                                                                                                                                      income**)
          Obligasi Pemerintah                                                                                                                                     Government bonds
                                                                             4,63% -                         15/02/2026 -     1 dan 6 bulan/
          Obligasi suku bunga tetap                        80.038.729       12,00%         83.921.220         15/07/2064     1 and 6 months                          Fixed rate bonds

          Mata uang asing                                                                                                                                         Foreign currencies
          Diukur pada nilai wajar                                                                                                                                 Fair value through
             melalui laba rugi                                                                                                                                      profit or loss
          Obligasi Pemerintah                                                                                                                                      Government bonds
                                                                            0,99% -                          08/01/2026 -
          Obligasi suku bunga tetap                         1.304.522        5,95%           1.307.681        12/03/2071 6 bulan/6 months                            Fixed rate bonds

          Investasi pada unit-link*)                                                                                                               Investments in unit-link contracts*)
                                                                            1,50% -                          29/03/2026 -     1 dan 6 bulan/
          Obligasi suku bunga tetap                           882.123        8,50%            882.123         15/04/2070     1 and 6 months                          Fixed rate bonds

          Diukur pada nilai wajar                                                                                                                                Fair value through
             melalui penghasilan                                                                                                                           other comprehensive
             komprehensif lain                                                                                                                                           income
          Obligasi Pemerintah                                                                                                                                     Government bonds
                                                                            1,00% -                          08/01/2026 -
          Obligasi suku bunga tetap                        23.076.774        8,50%         22.113.129         20/09/2052 6 bulan/6 months                            Fixed rate bonds


                                                                             31 Desember 2025/31 December 2025

                                                          Nominal/
                                                           biaya
                                                         perolehan/
                                                           biaya
                                                         perolehan                                                             Frekuensi
                                                        diamortisasi/           Tingkat                                       pembayaran
                                                          Nominal/            suku bunga                    Tanggal               bunga/
                                                            cost/              per tahun/                jatuh tempo/         Frequency of
                                                         amortised           Interest rates                 Maturity             interest
                                                            cost              per annum                      dates              payment
          Rupiah                                                                                                                                                               Rupiah
          Diukur pada biaya perolehan
             diamortisasi **)                                                                                                                                   At amortised cost**)
          Obligasi Pemerintah                                                                                                                                     Government bonds
                                                                                         5,13% -             15/02/2026 -      1 dan 6 bulan/
          Obligasi suku bunga tetap                       111.946.950                    12,00%               15/06/2042     1 and 6 months                          Fixed rate bonds


          Diukur pada biaya perolehan*)                                                                                                                                   At cost*)
          Obligasi Pemerintah                                                                                                                                      Government bonds
                                                                                         4,88% -             15/07/2026 -      1 dan 6 bulan/
          Obligasi suku bunga tetap                        14.180.967                    10,25%               15/04/2043     1 and 6 months                          Fixed rate bonds

          Mata uang asing                                                                                                                                         Foreign currencies
          Diukur pada biaya perolehan
             diamortisasi                                                                                                                                          At amortised cost
          Obligasi Pemerintah                                                                                                                                      Government bonds
                                                                                         1,50% -             08/01/2026 -           6 bulan/
          Obligasi suku bunga tetap                        25.960.825                     6,62%               17/02/2037           6 months                          Fixed rate bonds


          Diukur pada biaya perolehan                                                                                                                                       At cost
          Obligasi Pemerintah                                                                                                                                      Government bonds
                                                                                         2,80% -             29/03/2027 -           6 bulan/
          Obligasi suku bunga tetap                         1.006.977                     5,60%               15/11/2033           6 months                          Fixed rate bonds

            *)                                                                                              *)
                  Obligasi Pemerintah yang dimiliki Entitas Anak yang diklasifikasikan                            Government bonds owned by Subsidiary are classified based on SFAS
                  sesuai dengan PSAK 410 “Akuntansi Sukuk”.                                                       410 “Accounting for Sukuk”.
            **)                                                                                             **)
                  Termasuk project based sukuk dan sukuk ritel.                                                   Including project-based sukuk and retail sukuk.




                                                                                       187
Page 1202
                                                                                                                              The original consolidated financial statements
                                                                                                                            included herein are in the Indonesian language.

            PT BANK MANDIRI (PERSERO) Tbk                                                                          PT BANK MANDIRI (PERSERO) Tbk
                DAN ENTITAS ANAKNYA                                                                                      AND ITS SUBSIDIARIES
          CATATAN ATAS LAPORAN KEUANGAN                                                                             NOTES TO THE CONSOLIDATED
                     KONSOLIDASIAN                                                                                      FINANCIAL STATEMENTS
           Tanggal 31 Desember 2025 dan untuk                                                                        As of 31 December 2025 and for
          Tahun Berakhir pada Tanggal Tersebut                                                                          for the Year Then Ended
             (Disajikan dalam jutaan Rupiah,                                                                        (Expressed in millions of Rupiah,
                 kecuali dinyatakan lain)                                                                               unless otherwise stated)

8.   OBLIGASI PEMERINTAH (lanjutan)                                                           8.     GOVERNMENT BONDS (continued)

     b.     Berdasarkan jenis (lanjutan)                                                             b.     By type (continued)
                                                                             31 Desember 2024/31 December 2024

                                                          Nominal/
                                                           biaya           Tingkat
                                                         perolehan/          suku
                                                           biaya            bunga
                                                         perolehan            per                                              Frekuensi
                                                        diamortisasi/       tahun/                                            pembayaran
                                                          Nominal/         Interest                            Tanggal            bunga/
                                                            cost             rates                          jatuh tempo/      Frequency of
                                                         amortised            per         Nilai wajar/         Maturity          interest
                                                            cost            annum         Fair value            dates           payment

          Rupiah                                                                                                                                                              Rupiah
          Diukur pada nilai wajar                                                                                                                                Fair value through
             melalui laba rugi **)                                                                                                                                profit or loss **)
          Obligasi Pemerintah                                                                                                                                    Government bonds
                                                                            4,88% -                          15/01/2025 -   1 dan 6 bulan/
          Obligasi suku bunga tetap                        17.166.342       12,00%         17.205.878         15/07/2064 1 and 6 months                               Fixed rate bonds
          Obligasi suku bunga mengambang                      116.437        6,04%            117.689         25/04/2025 3 bulan/3 months                          Floating rate bonds
                                                           17.282.779                      17.323.567

          Investasi pada unit-link*)                                                                                                               Investments in unit-link contracts*)
                                                                            4,88% -                          16/01/2025 -     1 dan 6 bulan/
          Obligasi suku bunga tetap                        11.053.335       11,00%         11.053.335         15/07/2064     1 and 6 months                          Fixed rate bonds

          Diukur pada nilai wajar                                                                                                                                Fair value through
             melalui penghasilan                                                                                                                           other comprehensive
             komprehensif lain **)                                                                                                                                      income**)
          Obligasi Pemerintah                                                                                                                                     Government bonds
                                                                             4,88% -                         15/06/2025 -     1 dan 6 bulan/
          Obligasi suku bunga tetap                        56.952.345       11,00%         57.550.290         15/07/2054     1 and 6 months                          Fixed rate bonds
          Mata uang asing                                                                                                                                         Foreign currencies
          Diukur pada nilai wajar                                                                                                                                 Fair value through
             melalui laba rugi                                                                                                                                      profit or loss
          Obligasi Pemerintah                                                                                                                                      Government bonds
                                                                            1,50% -                          15/01/2025 -
          Obligasi suku bunga tetap                           436.203        5,40%            437.838         12/03/2071 6 bulan/6 months                            Fixed rate bonds

          Investasi pada unit-link*)                                                                                                               Investments in unit-link contracts*)
                                                                            1,50% -                          08/01/2026 -     1 dan 6 bulan/
          Obligasi suku bunga tetap                           795.426        8,50%            795.426         12/03/2071     1 and 6 months                          Fixed rate bonds

          Diukur pada nilai wajar                                                                                                                                Fair value through
             melalui penghasilan                                                                                                                           other comprehensive
             komprehensif lain                                                                                                                                           income
          Obligasi Pemerintah                                                                                                                                     Government bonds
                                                                            1,00% -                          15/01/2025 -
          Obligasi suku bunga tetap                        26.352.330        8,50%         24.515.380         20/09/2052 6 bulan/6 months                            Fixed rate bonds


                                                                            31 Desember 2024/ 31 December 2024

                                                          Nominal/
                                                           biaya
                                                         perolehan/
                                                           biaya
                                                         perolehan                                                             Frekuensi
                                                        diamortisasi/           Tingkat                                       pembayaran
                                                          Nominal/            suku bunga                    Tanggal               bunga/
                                                            cost/              per tahun/                jatuh tempo/         Frequency of
                                                         amortised           Interest rates                 Maturity             interest
                                                            cost              per annum                      Dates              payment
          Rupiah                                                                                                                                                               Rupiah
          Diukur pada biaya perolehan
             diamortisasi **)                                                                                                                                   At amortised cost**)
          Obligasi Pemerintah                                                                                                                                     Government bonds
                                                                                         4,90% -             15/02/2025 -      1 dan 6 bulan/
          Obligasi suku bunga tetap                       127.615.750                    12,00%               15/06/2042     1 and 6 months                          Fixed rate bonds

          Diukur pada biaya perolehan*)                                                                                                                                   At cost*)
          Obligasi Pemerintah                                                                                                                                      Government bonds
                                                                                         4,88% -             10/03/2025 -      1 dan 6 bulan/
          Obligasi suku bunga tetap                        22.127.373                    10,25%               15/04/2043     1 and 6 months                          Fixed rate bonds

          Mata uang asing                                                                                                                                         Foreign currencies
          Diukur pada biaya perolehan
             diamortisasi                                                                                                                                          At amortised cost
          Obligasi Pemerintah                                                                                                                                      Government bonds
                                                                                         1,50% -             15/01/2025 -
          Obligasi suku bunga tetap                        25.420.120                     8,50%               17/02/2037 6 bulan/6 months                            Fixed rate bonds

          Diukur pada biaya perolehan                                                                                                                                       At cost
          Obligasi Pemerintah                                                                                                                                      Government bonds
                                                                                         2,30% -             28/05/2025 -
          Obligasi suku bunga tetap                           433.580                     5,10%               02/07/2029 6 bulan/6 months                            Fixed rate bonds

            *)                                                                                              *)
                  Obligasi Pemerintah yang dimiliki Entitas Anak yang diklasifikasikan                            Government bonds owned by Subsidiary are classified based on SFAS
                  sesuai dengan PSAK 410 “Akuntansi Sukuk”.                                                       410 “Accounting for Sukuk”.
            **)                                                                                             **)
                  Termasuk project based sukuk dan sukuk ritel.                                                   Including project-based sukuk and retail sukuk.




                                                                                       188
Page 1203
                                                                                       The original consolidated financial statements
                                                                                     included herein are in the Indonesian language.

            PT BANK MANDIRI (PERSERO) Tbk                                     PT BANK MANDIRI (PERSERO) Tbk
                DAN ENTITAS ANAKNYA                                                 AND ITS SUBSIDIARIES
          CATATAN ATAS LAPORAN KEUANGAN                                        NOTES TO THE CONSOLIDATED
                     KONSOLIDASIAN                                                 FINANCIAL STATEMENTS
           Tanggal 31 Desember 2025 dan untuk                                   As of 31 December 2025 and for
          Tahun Berakhir pada Tanggal Tersebut                                     for the Year Then Ended
             (Disajikan dalam jutaan Rupiah,                                   (Expressed in millions of Rupiah,
                 kecuali dinyatakan lain)                                          unless otherwise stated)

8.   OBLIGASI PEMERINTAH (lanjutan)                             8.    GOVERNMENT BONDS (continued)

     c.    Informasi lain                                             c.   Other information

           Pada tanggal 31 Desember 2025, Obligasi                         As of 31 December 2025, Government Bonds with
           Pemerintah         dengan   jumlah     nominal                  total nominal amount of USD1,999,683,530
           USD1.999.683.530 (nilai penuh) dan Rp1.694.832                  (full amount) and Rp1,694,832 (31 December 2024:
           (31 Desember 2024: USD1.986.816.063 (nilai                      USD1,986,816,063        (full    amount)    and
           penuh) dan Rp54.608.607) telah dijual dengan                    Rp54,608,607) were sold under repurchase
           janji untuk dibeli kembali.                                     agreements.

9.   TAGIHAN LAINNYA - TRANSAKSI PERDAGANGAN                    9.    OTHER RECEIVABLES - TRADE TRANSACTIONS

     a.    Berdasarkan jenis, mata uang, pihak berelasi dan           a.   By type, currency, related parties and third parties:
           pihak ketiga:

                                              31 Desember 2025/      31 Desember 2024/
                                              31 December 2025       31 December 2024
          Rupiah                                                                                                          Rupiah
            Pihak berelasi (Catatan 56)                                                           Related parties (Note 56)
              Usance L/C payable at sight               187.079                   27.357         Usance L/C payable at sight
              Tagihan Supplier Chain                                                               Supplier Chain Financing
                 Financing                             1.587.656               1.032.497                       receivables
              Lain-lain                                4.911.737               5.732.699                              Others

                                                       6.686.472               6.792.553

            Pihak ketiga                                                                                          Third parties
              Usance L/C payable at sight              1.145.802               1.392.760         Usance L/C payable at sight
              Tagihan Supplier Chain                                                               Supplier Chain Financing
                Financing                             1.170.767                2.617.762                      receivables
              Lain-lain                              10.078.856                7.385.805                             Others

                                                     12.395.425               11.396.327

            Total Rupiah                             19.081.897               18.188.880                            Total Rupiah

          Mata uang asing                                                                                     Foreign currencies
            Pihak berelasi (Catatan 56)                                                              Related parties (Note 56)
              Usance L/C payable at sight               183.354                 253.013          Usance L/C payable at sight
              Lain-lain                                  10.831                   9.101                              Others

                                                        194.185                 262.114

            Pihak ketiga                                                                                         Third parties
              Usance L/C payable at sight              3.363.228               4.157.038         Usance L/C payable at sight
              Lain-lain                                9.432.801               7.366.085                            Others

                                                     12.796.029               11.523.123

            Total mata uang asing                                                                        Total foreign currencies
              (Catatan 62.B.(iv))                    12.990.214               11.785.237                       (Note 62.B.(iv))

                                                     32.072.111               29.974.117
          Dikurangi: cadangan kerugian                                                                         Less: allowance for
            penurunan nilai                           (1.432.270)             (1.422.889)                     impairment losses

          Neto                                       30.639.841               28.551.228                                       Net




                                                          189
Page 1204
                                                                                                                            The original consolidated financial statements
                                                                                                                          included herein are in the Indonesian language.

            PT BANK MANDIRI (PERSERO) Tbk                                                                       PT BANK MANDIRI (PERSERO) Tbk
                DAN ENTITAS ANAKNYA                                                                                   AND ITS SUBSIDIARIES
          CATATAN ATAS LAPORAN KEUANGAN                                                                          NOTES TO THE CONSOLIDATED
                     KONSOLIDASIAN                                                                                   FINANCIAL STATEMENTS
           Tanggal 31 Desember 2025 dan untuk                                                                     As of 31 December 2025 and for
          Tahun Berakhir pada Tanggal Tersebut                                                                       for the Year Then Ended
             (Disajikan dalam jutaan Rupiah,                                                                     (Expressed in millions of Rupiah,
                 kecuali dinyatakan lain)                                                                            unless otherwise stated)

9.   TAGIHAN LAINNYA - TRANSAKSI PERDAGANGAN                                                 9.     OTHER RECEIVABLES - TRADE TRANSACTIONS
     (lanjutan)                                                                                     (continued)

     a.    Berdasarkan jenis, mata uang, pihak berelasi dan                                         a.   By type, currency, related parties and third parties:
           pihak ketiga: (lanjutan)                                                                      (continued)

           Berikut adalah perubahan nilai tercatat tagihan                                               Movements in carrying amount of other receivables
           lainnya - transaksi perdagangan dengan                                                        - trade transactions classified as at amortised cost
           klasifikasi  biaya   perolehan     diamortisasi                                               upon stages are as follows:
           berdasarkan stage:

                                                                            31 Desember 2025/31 December 2025
                                                                                                                    Syariah*)/
                                                  Stage 1             Stage 2                Stage 3                 Sharia*)                 Total

          Biaya perolehan diamortisasi                                                                                                                            At amortised cost
          Saldo awal                              28.061.104                258.714               1.291.449                362.850            29.974.117          Beginning balance

          Pengukuran kembali bersih                                                                                                                       Remeasurement of net
            nilai tercatat                         (1.101.105)                  288                 39.599               1.411.296                350.078    carrying amount
          Aset keuangan baru yang                                                                                                                           New financial assets
            diterbitkan atau                                                                                                                                     originated or
            dibeli                                54.286.815                153.750                107.126                          -         54.547.691           purchased
          Aset keuangan yang                                                                                                                                    Financial assets
            dihentikan pengakuannya              (53.027.035)               (360.129)              (125.407)                        -        (53.512.571)      derecognised

          Total penambahan/(penurunan)                                                                                                                      Total increase/(decrease)
             tahun berjalan                           158.675               (206.091)               21.318               1.411.296             1.385.198           during the year
          Lain-lain**)                                717.151                  4.026                (8.381)                      -               712.796                    Others**)

          Saldo akhir                             28.936.930                 56.649               1.304.386              1.774.146            32.072.111            Ending balance


                                                                            31 Desember 2024/31 December 2024
                                                                                                                    Syariah*)/
                                                  Stage 1             Stage 2                Stage 3                 Sharia*)                 Total

          Biaya perolehan diamortisasi                                                                                                                       At amortised cost
          Saldo awal                              24.050.317                505.710               1.215.601                272.925            26.044.553     Beginning balance
          Pengukuran kembali bersih                                                                                                                       Remeasurement of net
             nilai tercatat                          (713.833)                 2.614                48.491                  89.925              (572.803)    carrying amount
          Aset keuangan baru yang                                                                                                                           New financial assets
             diterbitkan atau                                                                                                                                    originated or
             dibeli                               73.141.732                941.721                 27.357                          -         74.110.810           purchased
          Aset keuangan yang                                                                                                                                    Financial assets
             dihentikan pengakuannya             (67.841.522)          (1.191.331)                   (7.675)                        -        (69.040.528)      derecognised

          Total penambahan/(penurunan)                                                                                                                   Total increase/(decrease)
             tahun berjalan                        4.586.377                (246.996)               68.173                  89.925             4.497.479        during the year
          Lain-lain**)                              (575.590)                      -                 7.675                       -              (567.915)                Others**)

          Saldo akhir                             28.061.104                258.714               1.291.449                362.850            29.974.117            Ending balance


           *)                                                                                            *)
                 Tidak menerapkan PSAK 109.                                                                    Not implement SFAS 109.
           **)                                                                                           **)
                 Termasuk selisih kurs karena penjabaran mata uang asing.                                      Included effect of foreign currency translation.

     b.    Berdasarkan jatuh tempo:                                                                 b.   By maturity:

                                                                 31 Desember 2025/                31 Desember 2024/
                                                                 31 December 2025                 31 December 2024
          Rupiah                                                                                                                                                          Rupiah
            Kurang dari 1 bulan                                                4.502.047                          3.434.348                                  Less than 1 month
            1 - 3 bulan                                                        8.680.801                          5.358.154                                        1 - 3 months
            3 - 6 bulan                                                        5.213.259                          8.486.545                                        3 - 6 months
            6 - 12 bulan                                                         496.417                            720.460                                      6 - 12 months
            Lebih dari 12 bulan                                                  189.373                            189.373                                    Over 12 months

                Total Rupiah                                                  19.081.897                        18.188.880                                         Total Rupiah



                                                                                       190
Page 1205
                                                                                                                          The original consolidated financial statements
                                                                                                                        included herein are in the Indonesian language.

            PT BANK MANDIRI (PERSERO) Tbk                                                                     PT BANK MANDIRI (PERSERO) Tbk
                DAN ENTITAS ANAKNYA                                                                                 AND ITS SUBSIDIARIES
          CATATAN ATAS LAPORAN KEUANGAN                                                                        NOTES TO THE CONSOLIDATED
                     KONSOLIDASIAN                                                                                 FINANCIAL STATEMENTS
           Tanggal 31 Desember 2025 dan untuk                                                                   As of 31 December 2025 and for
          Tahun Berakhir pada Tanggal Tersebut                                                                     for the Year Then Ended
             (Disajikan dalam jutaan Rupiah,                                                                   (Expressed in millions of Rupiah,
                 kecuali dinyatakan lain)                                                                          unless otherwise stated)

9.   TAGIHAN LAINNYA - TRANSAKSI PERDAGANGAN                                             9.     OTHER RECEIVABLES - TRADE TRANSACTIONS
     (lanjutan)                                                                                 (continued)

     b.    Berdasarkan jatuh tempo:                                                             b.     By maturity:

                                                                 31 Desember 2025/            31 Desember 2024/
                                                                 31 December 2025             31 December 2024
          Mata uang asing                                                                                                                                     Foreign currencies
            Kurang dari 1 bulan                                               1.550.722                         2.789.687                                   Less than 1 month
            1 - 3 bulan                                                       3.828.714                         5.593.913                                         1 - 3 months
            3 - 6 bulan                                                       6.363.729                         2.200.802                                         3 - 6 months
            Lebih dari 12 bulan                                               1.247.049                         1.200.835                                     Over 12 months

                Total mata uang asing                                                                                                               Total foreign currencies
                  (Catatan 62.B.(iv))                                        12.990.214                       11.785.237                                 (Note 62.B.(iv))

                                                                             32.072.111                        29.974.117
          Dikurangi: cadangan kerugian                                                                                                                       Less: allowance for
            penurunan nilai                                                  (1.432.270)                       (1.422.889)                                  impairment losses

          Neto                                                               30.639.841                       28.551.228                                                          Net


     c.    Mutasi cadangan kerugian penurunan                                 nilai             c.     Movements of allowance for impairment losses on
           tagihan lainnya - transaksi perdagangan:                                                    other receivables - trade transactions:

                                                                 31 Desember 2025/            31 Desember 2024/
                                                                 31 December 2025             31 December 2024
          Saldo awal tahun                                                    1.422.889                         1.494.653                                     Beginning balance
          Pembalikan selama                                                                                                                                      Reversal during
            tahun berjalan (Catatan 46)                                          (32.691)                         (125.378)                                 the year (Note 46)
          Lain-lain*)                                                             42.072                            53.614                                               Others*)

          Saldo akhir                                                         1.432.270                         1.422.889                                          Ending balance


           *)                                                                                           *)
                 Termasuk selisih kurs karena penjabaran mata uang asing.                                    Included effect of foreign currency translation.


            Informasi mengenai pengelompokan berdasarkan                                               Information in respect of classification of
            kelompok “tidak mengalami penurunan nilai” dan                                             “non-impaired” and “impaired” from sharia
            “mengalami penurunan nilai” untuk aset keuangan                                            Subsidiary are disclosed in Note 62A.
            dari Entitas Anak syariah diungkapkan pada
            Catatan 62A.

                                                                            31 Desember 2025/31 December 2025
                                                                                                                  Syariah*)/
                                                  Stage 1             Stage 2             Stage 3                  Sharia*)                 Total

          Saldo awal                                   43.858                68.290           1.264.119                   46.622             1.422.889              Beginning balance
          Pengukuran kembali bersih                                                                                                                             Net remeasurement of
             penyisihan kerugian                      (21.794)                 (720)                 302                  14.113                  (8.099)         losses allowance
          Aset keuangan baru yang                                                                                                                                New financial assets
             diterbitkan atau                                                                                                                                          originated or
             dibeli                                    85.284                52.333                  107                         -             137.724                   purchased
          Aset keuangan yang                                                                                                                                          Financial assets
             dihentikan pengakuannya                  (62.719)              (99.463)                 (134)                         -           (162.316)              derecognised

          Total pembentukan/                                                                                                                                         Total allowance/
             (pembalikan)                                                                                                                                                (reversal)
             tahun berjalan                               771               (47.850)               275                    14.113                (32.691)            during the year
          Lain-lain**)                                  1.425                   655             39.992                         -                 42.072                       Others**)

          Saldo akhir                                  46.054                21.095           1.304.386                   60.735             1.432.270               Ending balance


           *)                                                                                          *)
                 Tidak menerapkan PSAK 109.                                                                  Not implement SFAS 109.
           **)                                                                                         **)
                 Termasuk selisih kurs karena penjabaran mata uang asing.                                    Included effect of foreign currencies translation.




                                                                                   191
Page 1206
                                                                                                                            The original consolidated financial statements
                                                                                                                          included herein are in the Indonesian language.

            PT BANK MANDIRI (PERSERO) Tbk                                                                       PT BANK MANDIRI (PERSERO) Tbk
                DAN ENTITAS ANAKNYA                                                                                   AND ITS SUBSIDIARIES
          CATATAN ATAS LAPORAN KEUANGAN                                                                          NOTES TO THE CONSOLIDATED
                     KONSOLIDASIAN                                                                                   FINANCIAL STATEMENTS
           Tanggal 31 Desember 2025 dan untuk                                                                     As of 31 December 2025 and for
          Tahun Berakhir pada Tanggal Tersebut                                                                       for the Year Then Ended
             (Disajikan dalam jutaan Rupiah,                                                                     (Expressed in millions of Rupiah,
                 kecuali dinyatakan lain)                                                                            unless otherwise stated)

9.   TAGIHAN LAINNYA - TRANSAKSI PERDAGANGAN                                              9.     OTHER RECEIVABLES - TRADE TRANSACTIONS
     (lanjutan)                                                                                  (continued)
     c.    Mutasi cadangan kerugian penurunan nilai                                              c.     Movements of allowance for impairment losses on
           tagihan lainnya - transaksi perdagangan:                                                     other receivables - trade transactions: (continued)
           (lanjutan)
                                                                            31 Desember 2024/31 December 2024
                                                                                                                    Syariah*)/
                                                  Stage 1             Stage 2              Stage 3                   Sharia*)                 Total

          Saldo awal                                   54.692               178.637            1.215.601                    45.723             1.494.653           Beginning balance
          Pengukuran kembali bersih                                                                                                                            Net remeasurement of
             penyisihan kerugian**)                   (22.340)                  (240)                 (367)                      899               (22.048)     losses allowance**)
          Aset keuangan baru yang                                                                                                                                New financial assets
             diterbitkan atau                                                                                                                                         originated or
             dibeli                                    88.214               362.074                     27                         -              450.315               purchased
          Aset keuangan yang                                                                                                                                         Financial assets
             dihentikan pengakuannya                  (78.423)              (475.214)                   (8)                        -              (553.645)          derecognised

          Total pembalikan/                                                                                                                                               Total reversal/
             (pembentukan)                                                                                                                                                (allowance)
             tahun berjalan                           (12.549)              (113.380)              (348)                         899              (125.378)           during the year
          Lain-lain***)                                 1.715                  3.033             48.866                            -                53.614                      Others***)

          Saldo akhir                                  43.858                68.290            1.264.119                    46.622             1.422.889                Ending balance

           *)                                                                                           *)
                 Tidak menerapkan PSAK 109.                                                                    Not implement SFAS 109.
           **)                                                                                          ***)
                 Termasuk selisih kurs karena penjabaran mata uang asing.                                      Included effect of foreign currencies translation.

           Manajemen berpendapat bahwa jumlah cadangan                                                  Management believes that the allowance for
           kerugian penurunan nilai tagihan lainnya -                                                   impairment losses on other receivables - trade
           transaksi perdagangan telah memadai.                                                         transactions is adequate.
     d.    Berdasarkan kolektibilitas sesuai POJK:                                               d.     By collectability based on FSA regulation:

           Kolektibilitas tagihan lainnya - transaksi                                                   Collectability of other receivables - trade
           perdagangan sesuai POJK diungkapkan pada                                                     transactions in accordance with FSA regulation are
           Catatan 65.                                                                                  disclosed in Note 65.
10. TAGIHAN ATAS EFEK-EFEK YANG                                             DIBELI        10. SECURITIES PURCHASED UNDER AGREEMENTS
    DENGAN JANJI DIJUAL KEMBALI                                                               TO RESELL

     a.    Tagihan atas efek-efek yang dibeli dengan janji                                       a.     Securities purchased under agreements to resell
           dijual kembali
                                                                      31 Desember 2025/31 December 2025


                                                                   Rentang
                                               Rentang              tanggal                                Pendapatan
                                                tanggal          jatuh tempo/           Nilai jual         bunga belum                  Nilai
                                                dimulai/           Range of             kembali/            direalisasi/                neto/
                                               Range of             maturity             Resale            Unamortised                 Carrying
                     Transaksi                 start date             date              amount                interest                 amount                       Transactions


          Pihak berelasi                                                                                                                                              Related parties
          Rupiah                                                                                                                                                             Rupiah
            Bank lain                                                                                                                                                 Other banks
              Obligasi pemerintah               19/12/2025           02/01/2026                52.249                        7             52.242               Government bonds

          Pihak ketiga                                                                                                                                                 Third parties
          Rupiah                                                                                                                                                            Rupiah
            Bank Indonesia                                                                                                                                        Bank Indonesia
              Obligasi pemerintah                26/11/2025           06/01/2026                                                                              Government bonds
                                               - 31/12/2025         - 25/02/2026          1.146.325                    1.018            1.145.307
            Bank lain                                                                                                                                               Others banks
              Obligasi pemerintah                03/12/2025           02/01/2026                                                                              Government bonds
                                               - 30/12/2025         - 26/01/2026          2.590.073                    1.237            2.588.836
            Perorangan
              Saham                              06/03/2025           05/01/2026                                                                                            Individual
                                               - 30/12/2025         - 26/06/2026            117.475                        83             117.392                            Shares

                                                                                          3.853.873                    2.338            3.851.535

          Total                                                                           3.906.122                    2.345            3.903.777                                  Total


                                                                                    192
Page 1207
                                                                                                The original consolidated financial statements
                                                                                              included herein are in the Indonesian language.

         PT BANK MANDIRI (PERSERO) Tbk                                                PT BANK MANDIRI (PERSERO) Tbk
             DAN ENTITAS ANAKNYA                                                            AND ITS SUBSIDIARIES
       CATATAN ATAS LAPORAN KEUANGAN                                                   NOTES TO THE CONSOLIDATED
                  KONSOLIDASIAN                                                            FINANCIAL STATEMENTS
        Tanggal 31 Desember 2025 dan untuk                                              As of 31 December 2025 and for
       Tahun Berakhir pada Tanggal Tersebut                                                for the Year Then Ended
          (Disajikan dalam jutaan Rupiah,                                              (Expressed in millions of Rupiah,
              kecuali dinyatakan lain)                                                     unless otherwise stated)

10. TAGIHAN ATAS EFEK-EFEK YANG                       DIBELI           10. SECURITIES PURCHASED UNDER AGREEMENTS
    DENGAN JANJI DIJUAL KEMBALI                                            TO RESELL

  a.    Tagihan atas efek-efek yang dibeli dengan janji                    a.      Securities purchased under agreements to resell
        dijual kembali (lanjutan)                                                  (continued)
                                                   31 Desember 2024/31 December 2024


                                                  Rentang
                                 Rentang           tanggal                          Pendapatan
                                  tanggal       jatuh tempo/       Nilai jual       bunga belum       Nilai
                                  dimulai/        Range of         kembali/          direalisasi/     neto/
                                 Range of          maturity         Resale          Unamortised      Carrying
               Jenis efek        start date          date          amount              interest      amount              Transactions

       Pihak berelasi                                                                                                         Related parties
       Rupiah                                                                                                                        Rupiah
         Bank lain                                                                                                            Other banks
           Obligasi pemerintah    19/12/2024       02/01/2025             4.614                 1          4.613        Government bonds

       Pihak ketiga                                                                                                             Third parties
       Rupiah                                                                                                                        Rupiah
         Bank Indonesia                                                                                                    Bank Indonesia
           Obligasi pemerintah     28/11/2024       03/01/2025                                                         Government bonds
                                 - 30/12/2024     - 25/03/2025         1.336.635            1.563      1.335.072
         Bank lain                                                                                                            Other banks
           Obligasi pemerintah     04/12/2024       02/01/2025                                                         Government bonds
                                 - 30/12/2024     - 30/01/2025         6.889.838           12.931      6.876.907
         Perorangan                                                                                                              Individual
           Saham                   31/07/2024       24/01/2025                                                                    Shares
                                 - 30/12/2024     - 27/06/2025           73.594                48         73.546

                                                                       8.300.067           14.542      8.285.525

       Total                                                           8.304.681           14.543      8.290.138                        Total


  b.    Berikut adalah perubahan nilai tercatat tagihan                    b.      Changes in carrying amount of securities
        atas efek-efek yang dibeli dengan janji dijual                             purchased under agreements to resell classified as
        kembali dengan klasifikasi biaya perolehan                                 amortised cost upon stage 1:
        diamortisasi yang seluruhnya adalah klasifikasi
        stage 1:

                                                31 Desember 2025/         31 Desember 2024/
                                                31 December 2025          31 December 2024
       Biaya perolehan diamortisasi                                                                                   At amortised cost
       Saldo awal                                         8.290.138                    22.692.928                      Beginning balance
       Aset keuangan yang baru dibeli                    25.030.362                    30.845.569           New purchased financial assets
       Aset keuangan yang jatuh tempo
            atau dijual                                 (29.416.723)                  (45.248.359)          Matured or sold financial assets
       Saldo akhir                                        3.903.777                     8.290.138                          Ending balance


  c.    Pada tanggal 31 Desember 2025 dan 2024, tidak                      c.      As of 31 December 2025 and 2024, there was no
        terdapat penurunan nilai sehingga cadangan                                 impairment therefore the allowance for impairment
        kerugian penurunan nilai tagihan atas efek-efek                            losses on securities purchased under agreements to
        yang dibeli dengan janji dijual kembali tidak                              resell was not provided.
        dibentuk.

  d.    Berdasarkan kolektibilitas sesuai POJK:                             d.     By collectability based on FSA regulation:
        Kolektibilitas tagihan atas efek-efek yang dibeli                          Collectability of securities purchased under
        dengan janji dijual kembali sesuai POJK                                    agreements to resell in accordance with FSA
        diungkapkan pada Catatan 65.                                               regulation are disclosed in Note 65.




                                                                 193
Page 1208
                                                                                               The original consolidated financial statements
                                                                                             included herein are in the Indonesian language.

         PT BANK MANDIRI (PERSERO) Tbk                                            PT BANK MANDIRI (PERSERO) Tbk
             DAN ENTITAS ANAKNYA                                                        AND ITS SUBSIDIARIES
       CATATAN ATAS LAPORAN KEUANGAN                                               NOTES TO THE CONSOLIDATED
                  KONSOLIDASIAN                                                        FINANCIAL STATEMENTS
        Tanggal 31 Desember 2025 dan untuk                                          As of 31 December 2025 and for
       Tahun Berakhir pada Tanggal Tersebut                                            for the Year Then Ended
          (Disajikan dalam jutaan Rupiah,                                          (Expressed in millions of Rupiah,
              kecuali dinyatakan lain)                                                 unless otherwise stated)

11. TAGIHAN DAN LIABILITAS DERIVATIF                                11. DERIVATIVE RECEIVABLES AND PAYABLES

   Ikhtisar transaksi derivatif adalah sebagai berikut:                 Summary of derivative transactions is as follows:

                                                  31 Desember 2025/31 December 2025

                                                                    Nilai wajar/Fair value
                                             Nilai kontrak
                                            (absolut setara
                                                Rupiah)/
                                                Notional
                                                amount           Tagihan           Liabilitas
                                               (absolute        derivatif/         derivatif/
                                                Rupiah          Derivative         Derivative
                        Transaksi             equivalent)      receivables         payables                      Transactions

   Pihak berelasi (Catatan 56)                                                                                     Related parties (Note 56)
   Terkait nilai tukar                                                                                             Foreign currencies related
   Kontrak berjangka - beli                                                                                                    Forward - buy
       Dolar Amerika Serikat                       874.635             9.580                  166                      United States Dollar
       Lain-lain                                    21.695                 -                  253                                    Others
   Kontrak berjangka - jual                                                                                                    Forward - sell
       Dolar Amerika Serikat                    29.420.840            89.540             17.229                        United States Dollar
   Swap - beli                                                                                                                     Swap - buy
       Dolar Amerika Serikat                    13.152.040            24.240             33.323                        United States Dollar
   Swap - jual                                                                                                                      Swap - sell
       Dolar Amerika Serikat                     5.330.970            22.991                 3.299                    United States Dollar
   Option - beli                                                                                                                  Option - buy
       Dolar Amerika Serikat                    44.605.625          2.727.715                    -                     United States Dollar
       Lain-lain                                   570.000            155.912                    -                                   Others
   Option - jual                                                                                                                  Option - sell
       Dolar Amerika Serikat                    44.605.625                   -        2.413.567                        United States Dollar
   Terkait suku bunga                                                                                                     Interest rate related
   Swap - suku bunga                                                                                                      Swap - interest rate
       Lain-lain                                    20.000                   2                   -                                   Others

   Total pihak berelasi                                             3.029.980         2.467.837                           Total related parties

   Pihak ketiga                                                                                                                 Third parties
   Terkait nilai tukar                                                                                              Foreign currencies related
   Kontrak berjangka - beli                                                                                                     Forward - buy
       Dolar Amerika Serikat                    19.270.869            29.376             55.399                       United States Dollar
       Lain-lain                                 7.042.613            10.092             55.302                                      Others
   Kontrak berjangka - jual                                                                                                     Forward - sell
       Dolar Amerika Serikat                     3.211.410             8.417                 8.216                    United States Dollar
       Lain-lain                                   164.298               245                 1.832                                   Others
   Swap - beli                                                                                                                     Swap - buy
       Dolar Amerika Serikat                    75.510.902           183.993            197.159                       United States Dollar
       Lain-lain                                 1.202.679             6.526              5.090                                      Others
   Swap - jual                                                                                                                      Swap - sell
       Dolar Amerika Serikat                    77.813.629           185.834            163.430                       United States Dollar
       Lain-lain                                 6.751.612             8.721              9.771                                      Others
   Option - beli                                                                                                                  Option - buy
       Dolar Amerika Serikat                    45.345.301          2.508.841                   55                    United States Dollar
       Lain-lain                                 1.640.016                409                6.200                                   Others
   Option - jual                                                                                                                  Option - sell
       Dolar Amerika Serikat                    46.014.663             1.190          2.807.923                       United States Dollar
       Lain-lain                                   166.750               504                  -                                      Others
   Terkait suku bunga                                                                                                     Interest rate related
   Swap - suku bunga                                                                                                      Swap - interest rate
       Dolar Amerika Serikat                    26.050.838           345.029            287.794                       United States Dollar
       Lain-lain                                30.171.473           956.860            772.445                                      Others
   Bond forward - beli                                                                                                     Bond forward - buy
       Lain-lain                                 4.625.000              1.658                3.168                                   Others

   Total pihak ketiga                                               4.247.695         4.373.784                              Total third parties

   Total                                                            7.277.675         6.841.621                                           Total




                                                              194
Page 1209
                                                                                            The original consolidated financial statements
                                                                                          included herein are in the Indonesian language.

         PT BANK MANDIRI (PERSERO) Tbk                                         PT BANK MANDIRI (PERSERO) Tbk
             DAN ENTITAS ANAKNYA                                                     AND ITS SUBSIDIARIES
       CATATAN ATAS LAPORAN KEUANGAN                                            NOTES TO THE CONSOLIDATED
                  KONSOLIDASIAN                                                     FINANCIAL STATEMENTS
        Tanggal 31 Desember 2025 dan untuk                                       As of 31 December 2025 and for
       Tahun Berakhir pada Tanggal Tersebut                                         for the Year Then Ended
          (Disajikan dalam jutaan Rupiah,                                       (Expressed in millions of Rupiah,
              kecuali dinyatakan lain)                                              unless otherwise stated)

11. TAGIHAN DAN LIABILITAS DERIVATIF (lanjutan)                  11. DERIVATIVE              RECEIVABLES          AND       PAYABLES
                                                                     (continued)

   Ikhtisar transaksi derivatif adalah sebagai berikut:              Summary of derivative transactions is as follows:
   (lanjutan)                                                        (continued)
                                               31 Desember 2024/31 December 2024

                                                                 Nilai wajar/Fair value
                                          Nilai kontrak
                                         (absolut setara
                                             Rupiah)/
                                             Notional
                                             amount           Tagihan           Liabilitas
                                            (absolute        derivatif/         derivatif/
                                             Rupiah          Derivative         Derivative
                        Transaksi          equivalent)      receivables         payables                      Transactions

   Pihak berelasi (Catatan 56)                                                                                  Related parties (Note 56)
   Terkait nilai tukar                                                                                          Foreign currencies related
   Kontrak berjangka - beli                                                                                                 Forward - buy
       Dolar Amerika Serikat                    642.915             3.407                 2.179                     United States Dollar
   Kontrak berjangka - jual                                                                                                 Forward - sell
       Dolar Amerika Serikat                 17.607.910            80.799            147.628                        United States Dollar
   Swap - beli                                                                                                                  Swap - buy
       Dolar Amerika Serikat                  3.750.222            21.744             12.457                        United States Dollar
   Swap - jual                                                                                                                  Swap - sell
       Dolar Amerika Serikat                  5.368.475            14.872             47.810                       United States Dollar
   Option - beli                                                                                                               Option - buy
       Dolar Amerika Serikat                 37.420.875          2.671.196                    -                     United States Dollar
       Lain-lain                                570.000            156.977                    -                                  Others
   Option - jual                                                                                                               Option - sell
       Dolar Amerika Serikat                 37.420.875                   -        1.923.430                        United States Dollar
   Total pihak berelasi                                          2.948.995         2.133.504                           Total related parties
   Pihak ketiga                                                                                                              Third parties
   Terkait nilai tukar                                                                                           Foreign currencies related
   Kontrak berjangka - beli                                                                                                  Forward - buy
       Dolar Amerika Serikat                 39.755.137           397.798            109.406                       United States Dollar
       Lain-lain                              5.741.043            30.333             81.928                                     Others
   Kontrak berjangka - jual                                                                                                  Forward - sell
       Dolar Amerika Serikat                  5.058.184            15.569             39.642                       United States Dollar
       Lain-lain                                268.758             2.757                 96                                     Others
   Swap - beli                                                                                                                 Swap - buy
       Dolar Amerika Serikat                 70.295.306           542.780            301.752                       United States Dollar
       Lain-lain                              1.504.351             4.784             16.190                                     Others
   Swap - jual                                                                                                                  Swap - sell
       Dolar Amerika Serikat                 74.831.830           309.055            700.374                       United States Dollar
       Lain-lain                                607.985            28.356             16.595                                     Others
   Option - beli                                                                                                              Option - buy
       Dolar Amerika Serikat                 38.121.008          2.021.158                    -                    United States Dollar
   Option - jual                                                                                                               Option - sell
       Dolar Amerika Serikat                 38.121.008                   -        2.731.496                       United States Dollar

   Terkait suku bunga                                                                                                  Interest rate related
   Swap - suku bunga                                                                                                   Swap - interest rate
       Dolar Amerika Serikat                 33.205.257           497.518            411.091                        United States Dollar
       Lain-lain                             30.258.157           961.457            785.848                                      Others

   Bond forward - beli                                                                                                  Bond forward - buy
      Lain-lain                               7.400.000               948                 9.076                                 Others


   Total pihak ketiga                                            4.812.513         5.203.494                              Total third parties

   Total                                                         7.761.508         7.336.998                                           Total



   Pada tanggal 31 Desember 2025 dan 2024, Entitas                   As of 31 December 2025 and 2024, the Subsidiary had
   Anak memiliki kontrak swap nilai tukar dan suku bunga             cross currency and interest rate swap contracts which
   yang memenuhi kriteria dan berlaku efektif sebagai                meet the criteria and effectively applied as cashflow
   lindung nilai arus kas. Keuntungan/kerugian atas                  hedge. The gain/loss from fair value changes related to
   perubahan nilai wajar sehubungan dengan bagian                    effective portion of cashflow hedge are recognised as
   efektif dari arus kas lindung nilai diakui sebagai                other comprehensive income.
   penghasilan komprehensif lain.

                                                           195
Page 1210
                                                                                                              The original consolidated financial statements
                                                                                                            included herein are in the Indonesian language.

          PT BANK MANDIRI (PERSERO) Tbk                                                            PT BANK MANDIRI (PERSERO) Tbk
              DAN ENTITAS ANAKNYA                                                                        AND ITS SUBSIDIARIES
        CATATAN ATAS LAPORAN KEUANGAN                                                               NOTES TO THE CONSOLIDATED
                   KONSOLIDASIAN                                                                        FINANCIAL STATEMENTS
         Tanggal 31 Desember 2025 dan untuk                                                          As of 31 December 2025 and for
        Tahun Berakhir pada Tanggal Tersebut                                                            for the Year Then Ended
           (Disajikan dalam jutaan Rupiah,                                                          (Expressed in millions of Rupiah,
               kecuali dinyatakan lain)                                                                 unless otherwise stated)

12. KREDIT     YANG      DIBERIKAN                                       DAN         12. LOANS AND SHARIA RECEIVABLES/FINANCING
    PIUTANG/PEMBIAYAAN SYARIAH

   A.    Kredit yang diberikan dan piutang/pembiayaan                                   A.   Details of loans and sharia receivables/financing:
         syariah terdiri atas:

         a.    Berdasarkan jenis mata uang, pihak berelasi                                   a.     By currency, related parties and third parties:
               dan pihak ketiga:

                                                             31 Desember 2025/         31 Desember 2024/
                                                             31 December 2025          31 December 2024

              Rupiah                                                                                                                                   Rupiah
                Pihak berelasi (Catatan 56)                            297.885.131             216.385.695                         Related parties (Note 56)
                Pihak ketiga*)                                       1.214.784.388           1.121.450.363                                    Third parties*)

              Total                                                  1.512.669.519           1.337.836.058                                                      Total

              Mata uang asing                                                                                                              Foreign currencies
                Pihak berelasi (Catatan 56)                            104.962.448             75.249.405                          Related parties (Note 56)
                Pihak ketiga**)                                        232.335.989            210.131.149                                    Third parties**)

              Total (Catatan 62.B.(iv))                                337.298.437            285.380.554                                   Total (Note 62.B.(iv))

                                                                     1.849.967.956           1.623.216.612
              Dikurangi: cadangan kerugian                                                                                                   Less: allowance for
                penurunan nilai                                         (48.033.747)              (49.354.645)                              impairment losses

              Neto                                                   1.801.934.209           1.573.861.967                                                        Net


               *)                                                                                   *)
                      Termasuk kredit yang diukur pada nilai wajar melalui                                Including loans measured at fair value through other
                      penghasilan komprehensif lain, berdasarkan kategori “pihak                          comprehensive income, on the “third party” category in Rupiah
                      ketiga” pada mata uang Rupiah pada tanggal 31 Desember                              currency as of 31 December 2025 and 2024 amounted to
                      2025 dan 2024 adalah masing-masing sebesar Rp3.348.232                              Rp3,348,232 and Rp3,866,423, respectively.
                      dan Rp3.866.423.
               **)                                                                                  **)
                      Termasuk kredit yang diukur pada nilai wajar melalui                                Including loans measured at fair value through other
                      penghasilan komprehensif lain, berdasarkan kategori “pihak                          comprehensive income, on the “third party” category in foreign
                      ketiga” pada mata uang asing pada tanggal 31 Desember 2025                          currencies as of 31 December 2025 and 2024 amounted to
                      dan 2024 adalah masing-masing sebesar Rp3.938.796 dan                               Rp3,938,796 and Rp1,596,428, respectively.
                      Rp1.596.428.


         b.    Berdasarkan jangka waktu:                                                     b.     By period:

                                                             31 Desember 2025/         31 Desember 2024/
                                                             31 December 2025          31 December 2024
              Rupiah                                                                                                                                      Rupiah
                Kurang dari 1 tahun                                    150.020.930                174.388.303                                 Less than 1 year
                1 - 2 tahun                                            113.978.655                 84.439.945                                       1 - 2 years
                2 - 5 tahun                                            262.847.434                270.990.215                                       2 - 5 years
                Lebih dari 5 tahun*)                                   985.822.500                808.017.595                                   Over 5 years*)
              Total                                                  1.512.669.519           1.337.836.058                                                      Total

               *)                                                                                   *)
                      Termasuk kredit yang diukur pada nilai wajar melalui                                 Including loans measured at fair value through other
                      penghasilan komprehensif lain, berdasarkan kategori “lebih                           comprehensive income, on the “over 5 years” category in Rupiah
                      dari 5 tahun” pada mata uang Rupiah pada tanggal                                     currency as of 31 December 2025 and 2024 amounted to
                      31 Desember 2025 dan 2024 adalah masing-masing sebesar                               Rp3,348,232 and Rp3,866,423, respectively.
                      Rp3.348.232 dan Rp3.866.423.




                                                                               196
Page 1211
                                                                                                                          The original consolidated financial statements
                                                                                                                        included herein are in the Indonesian language.

          PT BANK MANDIRI (PERSERO) Tbk                                                                    PT BANK MANDIRI (PERSERO) Tbk
              DAN ENTITAS ANAKNYA                                                                                AND ITS SUBSIDIARIES
        CATATAN ATAS LAPORAN KEUANGAN                                                                       NOTES TO THE CONSOLIDATED
                   KONSOLIDASIAN                                                                                FINANCIAL STATEMENTS
         Tanggal 31 Desember 2025 dan untuk                                                                  As of 31 December 2025 and for
        Tahun Berakhir pada Tanggal Tersebut                                                                    for the Year Then Ended
           (Disajikan dalam jutaan Rupiah,                                                                  (Expressed in millions of Rupiah,
               kecuali dinyatakan lain)                                                                         unless otherwise stated)

12. KREDIT     YANG      DIBERIKAN                                             DAN        12. LOANS AND SHARIA RECEIVABLES/FINANCING
    PIUTANG/PEMBIAYAAN SYARIAH (lanjutan)                                                     (continued)

   A.    Kredit yang diberikan dan piutang/pembiayaan                                           A.   Details of loans and sharia receivables/financing:
         syariah terdiri atas: (lanjutan)                                                            (continued)

         b.    Berdasarkan jangka waktu: (lanjutan)                                                  b.      By period: (continued)

                                                                31 Desember 2025/              31 Desember 2024/
                                                                31 December 2025               31 December 2024

              Mata uang asing                                                                                                                             Foreign currencies
                Kurang dari 1 tahun                                        22.521.989                   17.080.222                                        Less than 1 year
                1 - 2 tahun                                                19.167.195                   19.656.009                                              1 - 2 years
                2 - 5 tahun                                                50.452.118                   57.070.720                                              2 - 5 years
                Lebih dari 5 tahun**)                                     245.157.135                  191.573.603                                          Over 5 years**)

              Total (Catatan 62.B.(iv))                                   337.298.437                  285.380.554                                      Total (Note 62.B.(iv))

                                                                        1.849.967.956                1.623.216.612
              Dikurangi: cadangan kerugian                                                                                                               Less: allowance for
                penurunan nilai                                               (48.033.747)                (49.354.645 )                                 impairment losses

              Neto                                                      1.801.934.209                1.573.861.967                                                            Net

               **)                                                                                           **)
                     Termasuk kredit yang diukur pada nilai wajar melalui                                             Including loans measured at fair value through other
                     penghasilan komprehensif lain, berdasarkan kategori “lebih dari                                  comprehensive income, on the “over 5 years” category in foreign
                     5 tahun” pada mata uang asing pada tanggal 31 Desember 2025                                      currencies as of 31 December 2025 and 2024 amounted to
                     dan 2024 adalah masing-masing sebesar Rp3.938.796 dan                                            Rp3,938,796 and Rp1,596,428, respectively.
                     Rp1.596.428.


         c.    Berdasarkan PSAK 109:                                                                 c.      Based on SFAS 109:

               Berikut adalah perubahan nilai tercatat kredit                                                Movements in carrying amount of loans and
               yang diberikan dan piutang/pembiayaan                                                         sharia receivables/financing classified as
               syariah dengan klasifikasi biaya perolehan                                                    amortised cost by stage are as follows:
               diamortisasi berdasarkan stage:
                                                                          31 Desember 2025/31 December 2025
                                                                                                                   Syariah*)/
                                                Stage 1              Stage 2              Stage 3                   Sharia*)              Total
              Biaya perolehan
                 diamortisasi                                                                                                                                   At amortised cost
              Saldo awal                 1.236.150.489                85.611.593             20.821.053            275.170.626        1.617.753.761              Beginning balance
              Transfer ke/(dari) stage 1    24.949.676               (24.547.768)              (401.908)                     -                    -      Transfer to/(from) stage 1
              Transfer ke/(dari) stage 2   (27.265.227)               28.708.161             (1.442.934)                     -                    -      Transfer to/(from) stage 2
              Transfer ke/(dari) stage 3    (2.500.533)               (9.984.609)            12.485.142                      -                    -      Transfer to/(from) stage 3

              Total saldo awal setelah                                                                                                                      Total beginning balance
                pengalihan             1.231.334.405                  79.787.377             31.461.353            275.170.626        1.617.753.761              after transfer
              Pengukuran kembali                                                                                                                          Remeasurement of net
                bersih nilai tercatat**)        (66.951.758)           (5.180.663)           (1.637.362)                        -        (73.769.783)      carrying amount**)
              Aset keuangan baru                                                                                                                            New financial assets
                yang diterbitkan                                                                                                                                 originated or
                atau dibeli                    735.628.004              4.798.550              324.927             190.067.749          930.819.230                purchased
              Aset keuangan yang
                dihentikan                                                                                                                                       Financial assets
                pengakuannya                  (469.139.662)            (4.968.213)             (908.422)           (147.810.638)       (622.826.935)            derecognised
              Aset keuangan yang                                                                                                                               Written-off financial
                dihapusbuku                        (114.261)             (174.408)           (6.390.104)             (2.616.572)          (9.295.345)                  assets

              Total penambahan/                                                                                                                                     Total increase/
                (penurunan)                                                                                                                                         (decrease)
                tahun berjalan                 199.422.323             (5.524.734)           (8.610.961)            39.640.539          224.927.167            during the year

              Saldo akhir                    1.430.756.728            74.262.643             22.850.392            314.811.165        1.842.680.928               Ending balance


               *)                                                                                            *)
                     Tidak menerapkan PSAK 109.                                                                     Not implement SFAS 109.
               **)                                                                                           **)
                     Termasuk di dalam pengukuran          kembali   bersih    adalah                               Including in the net remeasurement is repayment.
                     pembayaran kembali.




                                                                                    197
Page 1212
                                                                                                                   The original consolidated financial statements
                                                                                                                 included herein are in the Indonesian language.

          PT BANK MANDIRI (PERSERO) Tbk                                                               PT BANK MANDIRI (PERSERO) Tbk
              DAN ENTITAS ANAKNYA                                                                           AND ITS SUBSIDIARIES
        CATATAN ATAS LAPORAN KEUANGAN                                                                  NOTES TO THE CONSOLIDATED
                   KONSOLIDASIAN                                                                           FINANCIAL STATEMENTS
         Tanggal 31 Desember 2025 dan untuk                                                             As of 31 December 2025 and for
        Tahun Berakhir pada Tanggal Tersebut                                                               for the Year Then Ended
           (Disajikan dalam jutaan Rupiah,                                                             (Expressed in millions of Rupiah,
               kecuali dinyatakan lain)                                                                    unless otherwise stated)

12. KREDIT     YANG      DIBERIKAN                                         DAN        12. LOANS AND SHARIA RECEIVABLES/FINANCING
    PIUTANG/PEMBIAYAAN SYARIAH (lanjutan)                                                 (continued)

   A.    Kredit yang diberikan dan piutang/pembiayaan                                      A.    Details of loans and sharia receivables/financing:
         syariah terdiri atas: (lanjutan)                                                        (continued)

         c.    Berdasarkan PSAK 109: (lanjutan)                                                  c.   Based on SFAS 109: (continued)

               Berikut adalah perubahan nilai tercatat kredit                                         Movements in carrying amount of loans and
               yang diberikan dan piutang/pembiayaan                                                  sharia receivables/financing classified as
               syariah dengan klasifikasi biaya perolehan                                             amortised cost by stage are as follows:
               diamortisasi berdasarkan stage: (lanjutan)                                             (continued)
                                                                       31 Desember 2024/31 December 2024
                                                                                                            Syariah*)/
                                             Stage 1              Stage 2              Stage 3               Sharia*)              Total

              Biaya perolehan
                 diamortisasi                                                                                                                      At amortised cost
              Saldo awal                 1.009.334.884             83.643.531           26.443.195          237.907.537        1.357.329.147       Beginning balance
              Transfer ke/(dari) stage 1     8.186.115             (6.187.041)          (1.999.074)                   -                    - Transfer to/(from) stage 1
              Transfer ke/(dari) stage 2   (22.159.046)            32.777.451          (10.618.405)                   -                    - Transfer to/(from) stage 2
              Transfer ke/(dari) stage 3    (3.870.080)           (20.828.571)          24.698.651                    -                    - Transfer to/(from) stage 3

              Total saldo awal setelah                                                                                                            Total beginning balance
                pengalihan                  991.491.873            89.405.370          38.524.367           237.907.537        1.357.329.147             after transfer

              Pengukuran kembali                                                                                                                   Remeasurement of net
                bersih nilai tercatat**)     (89.338.677)           (5.490.119)         (1.378.987)                      -        (96.207.783)      carrying amount**)
              Aset keuangan baru                                                                                                                     New financial assets
                yang diterbitkan                                                                                                                          originated or
                atau dibeli                 869.724.968            19.746.360             633.211           179.762.718        1.069.867.257                purchased
              Aset keuangan yang
                dihentikan                 (535.521.800)          (17.854.445)          (5.936.496)         (140.176.896)       (699.489.637)             Financial assets
                pengakuannya                                                                                                                             derecognised
              Aset keuangan yang                                                                                                                        Written-off financial
                dihapusbuku                    (205.875)              (195.573)        (11.021.042)           (2.322.733)         (13.745.223)                  assets

              Total penambahan/                                                                                                                              Total increase/
                (penurunan)                                                                                                                                  (decrease)
                tahun berjalan              244.658.616             (3.793.777)        (17.703.314)          37.263.089          260.424.614            during the year

              Saldo akhir                  1.236.150.489           85.611.593          20.821.053           275.170.626        1.617.753.761               Ending balance

               *)                                                                                     *)
                     Tidak menerapkan PSAK 109.                                                              Not implement SFAS 109.
               **)                                                                                    **)
                     Termasuk di dalam pengukuran      kembali    bersih   adalah                            Including in the net remeasurement is repayment.
                     pembayaran kembali.


               Berikut adalah perubahan nilai tercatat kredit                                         Following are the changes in the carrying
               yang diberikan dengan klasifikasi nilai wajar                                          amount of loans classified as fair value through
               melalui penghasilan komprehensif lain                                                  other comprehensive income (all loans
               (semua kredit yang diberikan dengan                                                    classified as fair value through other
               klasifikasi nilai wajar melalui penghasilan                                            comprehensive income are stage 1):
               komprehensif lain adalah stage 1):

                                                                 31 Desember 2025/31 December 2025

                                                                                              Cadangan
                                                                                               kerugian
                                                                                           penurunan nilai*)/
                                                                  Nilai tercatat/           Allowance for
                                                                    Carrying                 impairment
                                                                     amount                     losses*)

              Nilai wajar melalui penghasilan                                                                                               Fair value through
                komprehensif lain                                                                                               other comprehensive income
              Saldo awal                                                   5.462.851                         82.772                          Beginning balance
              Pengukuran kembali                                           1.824.177                        (51.726)                           Remeasurement
              Saldo akhir                                                  7.287.028                        31.046                                    Ending balance




                                                                                198
Page 1213
                                                                                                                  The original consolidated financial statements
                                                                                                                included herein are in the Indonesian language.

          PT BANK MANDIRI (PERSERO) Tbk                                                                PT BANK MANDIRI (PERSERO) Tbk
              DAN ENTITAS ANAKNYA                                                                            AND ITS SUBSIDIARIES
        CATATAN ATAS LAPORAN KEUANGAN                                                                   NOTES TO THE CONSOLIDATED
                   KONSOLIDASIAN                                                                            FINANCIAL STATEMENTS
         Tanggal 31 Desember 2025 dan untuk                                                              As of 31 December 2025 and for
        Tahun Berakhir pada Tanggal Tersebut                                                                for the Year Then Ended
           (Disajikan dalam jutaan Rupiah,                                                              (Expressed in millions of Rupiah,
               kecuali dinyatakan lain)                                                                     unless otherwise stated)

12. KREDIT     YANG      DIBERIKAN                                          DAN          12. LOANS AND SHARIA RECEIVABLES/FINANCING
    PIUTANG/PEMBIAYAAN SYARIAH (lanjutan)                                                    (continued)

   A.    Kredit yang diberikan dan piutang/pembiayaan                                       A.   Details of loans and sharia receivables/financing:
         syariah terdiri atas: (lanjutan)                                                        (continued)

         c.    Berdasarkan PSAK 109: (lanjutan)                                                  c.     Based on SFAS 109: (continued)

               Berikut adalah perubahan nilai tercatat kredit                                           Following are the changes in the carrying
               yang diberikan dengan klasifikasi nilai wajar                                            amount of loans classified as fair value through
               melalui penghasilan komprehensif lain                                                    other comprehensive income (all loans
               (semua kredit yang diberikan dengan                                                      classified as fair value through other
               klasifikasi nilai wajar melalui penghasilan                                              comprehensive income are stage 1):
               komprehensif lain adalah stage 1): (lanjutan)                                            (continued)

                                                                  31 Desember 2024/31 December 2024

                                                                                              Cadangan
                                                                                               kerugian
                                                                                           penurunan nilai*)/
                                                                    Nilai tercatat/         Allowance for
                                                                      Carrying               impairment
                                                                       amount                   losses*)

              Nilai wajar melalui penghasilan                                                                                               Fair value through
                komprehensif lain                                                                                               other comprehensive income
              Saldo awal                                                      2.503.048                      11.857                           Beginning balance
              Pengukuran kembali                                                989.223                      13.551                             Remeasurement
              Aset keuangan baru yang                                                                                             New financial assets originated
                diterbitkan atau dibeli                                       3.539.764                      58.160                              or purchased
              Aset keuangan yang                                                                                                                 Financial assets
                dihentikan pengakuannya                                      (1.569.184)                       (796)                             derecognised

              Saldo akhir                                                     5.462.851                      82.772                                   Ending balance


               *)                                                                                       *)
                     Cadangan kerugian penurunan nilai pada kredit yang diberikan                              Allowance for impairment losses on loans classified as fair value
                     dengan klasifikasi nilai wajar melalui penghasilan komprehensif                           through other comprehensive income is recorded in other
                     lain dicatat pada penghasilan komprehensif lain pada pos                                  comprehensive income in equity, because the carrying amount
                     ekuitas, karena nilai tercatatnya disajikan sebesar nilai                                 is presented at fair value in accordance with Note 2c.(H).(1).
                     wajarnya sesuai Catatan 2c.(H).(1).


   B.    Berikut adalah informasi penting lainnya                                           B.   Other significant information related to loans and
         sehubungan dengan kredit yang diberikan dan                                             sharia receivables/financing:
         piutang/pembiayaan syariah:

         a.    Termasuk di dalam kredit yang diberikan                                           a.     Included       in    loans      are   sharia
               adalah piutang/pembiayaan berdasarkan                                                    receivables/financing granted by Subsidiary
               prinsip syariah yang diberikan oleh Entitas                                              amounted         to    Rp314,811,165    and
               Anak          masing-masing        sebesar                                               Rp275,170,626 as of 31 December 2025 and
               Rp314.811.165 dan Rp275.170.626 pada                                                     2024, respectively, which consist of:
               tanggal 31 Desember 2025 dan 2024, terdiri
               atas:

                                                                31 Desember 2025/          31 Desember 2024/
                                                                31 December 2025           31 December 2024

              Piutang murabahah                                           149.328.154             144.272.534                               Murabahah receivables
              Pembiayaan musyarakah dan                                                                                               Musyarakah and Mudharabah
                Mudharabah                                                147.761.083             117.124.297                                           financing
              Pembiayaan syariah lainnya                                                                                                     Other sharia financing
                (termasuk pinjaman qardh)                                   17.721.928                13.773.795                       (including funds of qardh)
              Total                                                       314.811.165             275.170.626                                                    Total
              Dikurangi: cadangan kerugian                                                                                                         Less: allowance for
                penurunan nilai                                            (10.967.932)               (10.273.223)                                impairment losses
              Neto                                                        303.843.233             264.897.403                                                             Net



                                                                                   199
Page 1214
                                                                                      The original consolidated financial statements
                                                                                    included herein are in the Indonesian language.

          PT BANK MANDIRI (PERSERO) Tbk                                        PT BANK MANDIRI (PERSERO) Tbk
              DAN ENTITAS ANAKNYA                                                    AND ITS SUBSIDIARIES
        CATATAN ATAS LAPORAN KEUANGAN                                           NOTES TO THE CONSOLIDATED
                   KONSOLIDASIAN                                                    FINANCIAL STATEMENTS
         Tanggal 31 Desember 2025 dan untuk                                      As of 31 December 2025 and for
        Tahun Berakhir pada Tanggal Tersebut                                        for the Year Then Ended
           (Disajikan dalam jutaan Rupiah,                                      (Expressed in millions of Rupiah,
               kecuali dinyatakan lain)                                             unless otherwise stated)

12. KREDIT     YANG      DIBERIKAN                     DAN        12. LOANS AND SHARIA RECEIVABLES/FINANCING
    PIUTANG/PEMBIAYAAN SYARIAH (lanjutan)                             (continued)

   B.    Berikut adalah informasi penting lainnya                    B.   Other significant information related to loans and
         sehubungan dengan kredit yang diberikan dan                      sharia receivables/financing: (continued)
         piutang/pembiayaan syariah: (lanjutan)

         b.    Tingkat suku bunga rata-rata (yield) dan                   b.   Average interest rates (yield) and range of profit
               kisaran bagi hasil per tahun adalah sebagai                     sharing per annum are as follows:
               berikut:

                                               31 Desember 2025/    31 Desember 2024/
                                               31 December 2025     31 December 2024

              Tingkat suku bunga rata-rata                                                                 Average interest rates
                 (yield) per tahun:                                                                         (yield) per annum:
                 Rupiah                                     8,20%                 8,28%                                 Rupiah
                 Mata uang asing                                                                            Foreign currencies
                    (disetarakan dalam                                                                        (equivalent to
                    Rupiah)                                 6,09%                 6,83%                              Rupiah)

              Kisaran bagi hasil per tahun:                                                    Range of profit sharing per annum:
                 Rupiah                                                                                                 Rupiah
                 Piutang murabahah                9,25% - 10,46%          9,37% - 9,96%                Murabahah receivables
                 Pembiayaan musyarakah            7,58% - 8,31%           7,74% - 8,20%                 Musyarakah financing
                 Pembiayaan syariah lainnya       4,54% - 17,93%          3,94% -14,06%                 Other sharia financing

                Mata uang asing                                                                              Foreign currencies
                  (disetarakan dalam Rupiah)                                                           (equivalent to Rupiah)
                Piutang murabahah                 0,69% - 1,02%           1,05% - 2,76%                 Murabahah receivables
                Pembiayaan musyarakah             4,70% - 10,19%          3,65% -13,63%                   Musyarakah financing
                Pembiayaan syariah lainnya        5,00% - 5,59%           5,04% - 5,08%                  Other sharia financing

         c.    Agunan kredit                                              c.   Loan collaterals

               Kredit yang diberikan dan            piutang/                   Loans and sharia receivables/financing are
               pembiayaan syariah pada umumnya dijamin                         generally secured by pledged collateral bound
               dengan agunan yang diikat dengan hak                            with powers of attorney in respect of the rights
               tanggungan atau surat kuasa untuk menjual,                      to sell, time deposits or other collateral
               deposito berjangka atau jaminan lain yang                       acceptable by Bank Mandiri and its
               dapat diterima oleh Bank Mandiri dan Entitas                    Subsidiaries. Deposits from customers and
               Anak. Simpanan dari nasabah dan simpanan                        deposits from other banks that were pledged as
               dari bank lain yang dijadikan jaminan tunai                     cash collateral for loans and blocked for other
               untuk kredit yang diberikan dan diblokir untuk                  purposes as of 31 December 2025 and 2024
               tujuan lain pada tanggal 31 Desember 2025                       amounted to Rp80,249,661 and Rp94,124,176,
               dan 2024 adalah masing-masing sebesar                           respectively (Note 21c, 22c, 23e, 24c and 26d).
               Rp80.249.661 dan Rp94.124.176 (Catatan
               21c, 22c, 23e, 24c dan 26d).

         d.    Kredit sindikasi                                           d.   Syndication loans

               Kredit sindikasi merupakan kredit yang                          Syndication loans represent loans granted to
               diberikan kepada debitur melalui perjanjian                     debtors through joint financing agreements with
               pembiayaan bersama dengan bank-bank lain                        other banks as creditor. Apart from being
               sebagai kreditur. Selain sebagai kreditur,                      creditor, the Bank also act as an agent (facility
               Bank juga dapat berperan sebagai agen                           agent, guarantee agent, shelter agent) which
               (agen fasilitas, agen jaminan, agen                             operates administrative function for all of
               penampungan) yang menjalankan fungsi                            creditors and debtors’ interest.
               administratif untuk kepentingan seluruh
               kreditur dan debitur.




                                                            200
Page 1215
                                                                                    The original consolidated financial statements
                                                                                  included herein are in the Indonesian language.

          PT BANK MANDIRI (PERSERO) Tbk                                      PT BANK MANDIRI (PERSERO) Tbk
              DAN ENTITAS ANAKNYA                                                  AND ITS SUBSIDIARIES
        CATATAN ATAS LAPORAN KEUANGAN                                         NOTES TO THE CONSOLIDATED
                   KONSOLIDASIAN                                                  FINANCIAL STATEMENTS
         Tanggal 31 Desember 2025 dan untuk                                    As of 31 December 2025 and for
        Tahun Berakhir pada Tanggal Tersebut                                      for the Year Then Ended
           (Disajikan dalam jutaan Rupiah,                                    (Expressed in millions of Rupiah,
               kecuali dinyatakan lain)                                           unless otherwise stated)

12. KREDIT     YANG      DIBERIKAN                    DAN       12. LOANS AND SHARIA RECEIVABLES/FINANCING
    PIUTANG/PEMBIAYAAN SYARIAH (lanjutan)                           (continued)

   B.    Berikut adalah informasi penting lainnya                  B.   Other significant information related to loans and
         sehubungan dengan kredit yang diberikan dan                    sharia receivables/financing: (continued)
         piutang/pembiayaan syariah: (lanjutan)

         d.   Kredit sindikasi                                          d.   Syndication loans

              Pada tanggal 31 Desember 2025 dan 2024                         As of 31 December 2025 and 2024, the
              jumlah persentase pembiayaan Bank Mandiri                      percentage of Bank Mandiri financing as a
              yang berperan sebagai kreditur dan agen                        creditor and facility agent is between 0.68% to
              fasilitas adalah masing-masing berkisar                        91.43% and 1.17% to 97.15% from total
              antara 0,68% sampai dengan 91,43%, dan                         participation of Bank Mandiri in syndication
              1,17% sampai dengan 97,15% dari jumlah                         loans. While the percentage of Bank Mandiri
              total keikutsertaan Bank Mandiri pada kredit                   financing as syndication member as of
              sindikasi. Sementara jumlah persentase                         31 December 2025 and 2024 is between 4.70%
              pembiayaan Bank Mandiri yang berperan                          to 78.26% and 0.21% to 55.02% from total
              hanya sebagai anggota sindikasi pada                           participation of Bank Mandiri in syndication
              tanggal 31 Desember 2025 dan 2024 adalah                       loans.
              masing-masing berkisar antara 4,70%
              sampai dengan 78,26% dan 0,21% sampai
              dengan 55,02% dari jumlah keseluruhan
              keikutsertaan Bank Mandiri pada kredit
              sindikasi.

         e.   Kredit      yang      diberikan     dan                   e.   Loans and sharia receivables/financing to
              piutang/pembiayaan syariah kepada pihak                        related parties
              berelasi

              Total    kredit   yang     diberikan   dan                     Total loans and sharia receivables/financing to
              piutang/pembiayaan syariah kepada pihak                        related parties and its percentage to the total
              berelasi dan persentase terhadap total aset                    consolidated assets are disclosed in Note 56.
              konsolidasian diungkapkan pada Catatan 56.

              Termasuk dalam kredit yang diberikan dan                       Loans and sharia receivables/financing to
              piutang/pembiayaan syariah kepada pihak                        related parties included loans to key personnel
              berelasi adalah kredit yang diberikan kepada                   of Bank Mandiri and Subsidiaries. The loans
              karyawan kunci Bank Mandiri dan Entitas                        and sharia receivables/financing to Bank
              Anak.     Kredit   yang      diberikan    dan                  Mandiri and Subsidiaries key personnel consist
              piutang/pembiayaan        syariah      kepada                  of loans with average interest-bearing rate
              karyawan kunci Bank Mandiri dan Entitas                        amounted to 6.87% per annum which are used
              Anak terdiri dari kredit dengan rata-rata                      for the acquisition of vehicles and/or houses,
              tingkat suku bunga sebesar 6,87% per tahun                     and are repayable within 1 (one) to 28 (twenty
              yang digunakan untuk membeli kendaraan                         eight) years through monthly payroll
              bermotor dan/atau rumah dengan jangka                          deductions.
              waktu 1 (satu) sampai 28 (dua puluh delapan)
              tahun yang dibayar melalui pemotongan gaji
              karyawan setiap bulan.

         f.   Bank Mandiri memiliki sejumlah perjanjian                 f.   Bank Mandiri has several channeling loan
              penerusan kredit dengan lembaga keuangan                       agreements with several international financial
              internasional (Catatan 61).                                    institutions (Note 61).




                                                          201
Page 1216
                                                                                                                                The original consolidated financial statements
                                                                                                                              included herein are in the Indonesian language.

          PT BANK MANDIRI (PERSERO) Tbk                                                                            PT BANK MANDIRI (PERSERO) Tbk
              DAN ENTITAS ANAKNYA                                                                                        AND ITS SUBSIDIARIES
        CATATAN ATAS LAPORAN KEUANGAN                                                                               NOTES TO THE CONSOLIDATED
                   KONSOLIDASIAN                                                                                        FINANCIAL STATEMENTS
         Tanggal 31 Desember 2025 dan untuk                                                                          As of 31 December 2025 and for
        Tahun Berakhir pada Tanggal Tersebut                                                                            for the Year Then Ended
           (Disajikan dalam jutaan Rupiah,                                                                          (Expressed in millions of Rupiah,
               kecuali dinyatakan lain)                                                                                 unless otherwise stated)

12. KREDIT     YANG      DIBERIKAN                                               DAN           12. LOANS AND SHARIA RECEIVABLES/FINANCING
    PIUTANG/PEMBIAYAAN SYARIAH (lanjutan)                                                          (continued)

   B.    Berikut adalah informasi penting lainnya                                                  B.    Other significant information related to loans and
         sehubungan dengan kredit yang diberikan dan                                                     sharia receivables/financing: (continued)
         piutang/pembiayaan syariah: (lanjutan)

         g.        Mutasi cadangan kerugian penurunan nilai                                              g.        Movements of allowance for impairment losses
                   kredit     yang        diberikan   dan                                                          on loans and sharia receivables/financing
                   piutang/pembiayaan syariah

                                                                     31 Desember 2025/           31 Desember 2024/
                                                                     31 December 2025            31 December 2024
              Saldo awal1)                                                       49.354.645                   53.098.619                                          Beginning balance1)
              Pembentukan selama                                                                                                                                    Allowance during
                tahun berjalan (Catatan 46)                                       8.323.540                    10.270.329                                        the year (Note 46)
              Penghapusbukuan2)                                                  (9.295.345)                  (13.745.223 )                                                Write-offs2)
              Lain-lain*)                                                          (349.093)                     (269.080 )                                                  Others*)
              Saldo akhir 3)                                                     48.033.747                   49.354.645                                           Ending balance3)

              *)                                                                                              *)
                        Termasuk selisih kurs karena penjabaran mata uang asing dan                                      Included effect of foreign currency translation and implication from
                        pengakuan pendapatan bunga atas bagian yang tidak mengalami                                      interest income recognised on the non-impaired portion of the
                        penurunan nilai dari kredit yang mengalami penurunan nilai (Catatan                              impaired loans (Note 41).
                        41).
              1)                                                                                              1)
                        Saldo awal pada tanggal 31 Desember 2025 dan 2024 masing-                                        Beginning balance as of 31 December 2025 and 2024 amounted to
                        masing sebesar Rp23.922.447 dan Rp26.502.710 yang dihitung                                       Rp23,922,447 and Rp26,502,710, respectively, were calculated
                        secara individual dan Rp25.432.198 dan Rp26.595.909 yang dihitung                                using individual assessment and amounted to Rp25,432,198 and
                        secara kolektif.                                                                                 Rp26,595,909, respectively, were calculated using collective
                                                                                                                         assessment.
              2)                                                                                              2)
                        Penghapusbukuan pada tanggal 31 Desember 2025 dan 2024                                           Write-off as of 31 December 2025 and 2024 amounted to
                        masing-masing sebesar Rp1.505.797 dan Rp2.486.522 untuk debitur                                  Rp1,505,797 and Rp2,486,522, respectively, were calculated using
                        yang dievaluasi secara individual dan Rp7.789.548 dan                                            individual assessment and Rp7,789,548            and Rp11,258,701,
                        Rp11.258.701 untuk debitur yang dievaluasi secara kolektif.                                      respectively, were calculated using collective assessment.
              3)                                                                                              3)
                        Saldo akhir pada tanggal 31 Desember 2025 dan 2024 terdiri dari                                  Ending balance as of 31 December 2025 and 2024, amounted to
                        Rp22.207.852 dan Rp23.922.447 yang dihitung secara individual dan                                Rp22,207,852 and Rp23,922,447, respectively, were calculated
                        Rp25.825.895 dan Rp25.432.198 yang dihitung secara kolektif.                                     using individual assessment and Rp25,825,895 and Rp25,432,198,
                                                                                                                         respectively, were calculated using collective assessment.

                                                                               31 Desember 2025/31 December 2025
                                                                                                                         Syariah*)/
                                                     Stage 1              Stage 2              Stage 3                    Sharia*)                Total

              Saldo awal                               9.665.633           16.721.875           12.693.914                 10.273.223            49.354.645          Beginning balance
              Pengalihan ke/(dari):                                                                                                                                  Transfer to/(from):
              - Kerugian kredit                                                                                                                                  12 months expected -
                  ekspektasian 12 bulan                                                                                                                               credit losses
                  (stage 1)                            1.028.403              (774.909)           (253.494)                                -                 -            (stage 1)
              - Kerugian kredit
                  ekspektasian sepanjang                                                                                                                            Lifetime expected -
                  umurnya - tidak                                                                                                                                       credit losses
                  mengalami penurunan                                                                                                                                   - unimpaired
                  nilai (stage 2)                       (785.404)           1.353.793             (568.389)                                -                 -              (stage 2)
              - Kerugian kredit
                  ekspektasian sepanjang                                                                                                                            Lifetime expected -
                  umurnya - mengalami                                                                                                                                   credit losses
                  penurunan                                                                                                                                                - impaired
                  nilai (stage 3)                       (115.384)           (1.514.580)          1.629.964                               -                   -               (stage 3)
              Total saldo awal setelah                                                                                                                           Total beginning balance
                pengalihan                             9.793.248           15.786.179           13.501.995                 10.273.223            49.354.645              after transfer
              Pengukuran kembali bersih                                                                                                                           Net remeasurement of
                penyisihan kerugian                   (3.217.715)              726.514           6.537.031                     858.802             4.904.632        losses allowance
              Aset keuangan baru yang                                                                                                                              New financial assets
                diterbitkan atau                                                                                                                                        originated or
                dibeli                                 2.615.314               376.643            169.640                   2.441.275              5.602.872              purchased
              Aset keuangan yang
                dihentikan                                                                                                                                               Financial assets
                pengakuannya                          (1.339.047)             (504.729)           (340.188)                            -          (2.183.964)            derecognised
              Total pembentukan/                                                                                                                                        Total allowance/
                 (pembalikan)                                                                                                                                               (reversal)
                 tahun berjalan                       (1.941.448)              598.428           6.366.483                  3.300.077              8.323.540           during the year
              Aset keuangan yang
                 dihapusbuku                            (114.261)             (174.408)         (6.390.104)                 (2.616.572)           (9.295.345)          Written-off assets
              Unwinding interest                               -                     -            (677.573)                          -              (677.573)         Unwinding interest
              Lain-lain                                   43.846               103.649             169.781                      11.204               328.480                       Others
              Saldo akhir                              7.781.385           16.313.848           12.970.582                 10.967.932            48.033.747             Ending balance

                                                                                                                    *)
                   *)       Tidak menerapkan PSAK 109.                                                                       Not implement SFAS 109.

                                                                                         202
Page 1217
                                                                                                        The original consolidated financial statements
                                                                                                      included herein are in the Indonesian language.

          PT BANK MANDIRI (PERSERO) Tbk                                                     PT BANK MANDIRI (PERSERO) Tbk
              DAN ENTITAS ANAKNYA                                                                 AND ITS SUBSIDIARIES
        CATATAN ATAS LAPORAN KEUANGAN                                                        NOTES TO THE CONSOLIDATED
                   KONSOLIDASIAN                                                                 FINANCIAL STATEMENTS
         Tanggal 31 Desember 2025 dan untuk                                                   As of 31 December 2025 and for
        Tahun Berakhir pada Tanggal Tersebut                                                     for the Year Then Ended
           (Disajikan dalam jutaan Rupiah,                                                   (Expressed in millions of Rupiah,
               kecuali dinyatakan lain)                                                          unless otherwise stated)

12. KREDIT     YANG      DIBERIKAN                            DAN            12. LOANS AND SHARIA RECEIVABLES/FINANCING
    PIUTANG/PEMBIAYAAN SYARIAH (lanjutan)                                        (continued)

   B.    Berikut adalah informasi penting lainnya                                B.    Other significant information related to loans and
         sehubungan dengan kredit yang diberikan dan                                   sharia receivables/financing: (continued)
         piutang/pembiayaan syariah: (lanjutan)

         g.    Mutasi cadangan kerugian penurunan nilai                                g.   Movements of allowance for impairment losses
               kredit     yang        diberikan      dan                                    on loans and sharia receivables/financing
               piutang/pembiayaan syariah (lanjutan)                                        (continued)
                                                            31 Desember 2024/31 December 2024

                                                                                                  Syariah*)/
                                           Stage 1       Stage 2             Stage 3               Sharia*)           Total


              Saldo awal                 12.042.940      15.756.381           15.624.069             9.675.229        53.098.619         Beginning balance
              Pengalihan ke/(dari):                                                                                                      Transfer to/(from):
              - Kerugian kredit                                                                                                      12 months expected -
                  ekspektasian 12 bulan                                                                                                   credit losses
                  (stage 1)               1.110.714        (642.389)            (468.325)                      -                -             (stage 1)
              - Kerugian kredit
                  ekspektasian sepanjang                                                                                                Lifetime expected -
                  umurnya - tidak                                                                                                           credit losses
                  mengalami penurunan                                                                                                       - unimpaired
                  nilai (stage 2)          (998.665)      5.495.134           (4.496.469)                      -                -               (stage 2)
              - Kerugian kredit
                  ekspektasian sepanjang                                                                                                Lifetime expected -
                  umurnya - mengalami                                                                                                       credit losses
                  penurunan                                                                                                                    - impaired
                  nilai (stage 3)          (195.326)      (5.863.246)          6.058.572                       -                -                (stage 3)

              Total saldo awal setelah                                                                                               Total beginning balance
                pengalihan                 11.959.663    14.745.880           16.717.847             9.675.229        53.098.619             after transfer


              Pengukuran kembali bersih                                                                                               Net remeasurement of
                penyisihan kerugian        (3.959.876)    (1.019.785)         10.229.757               806.842         6.056.938        losses allowance
              Aset keuangan baru yang                                                                                                  New financial assets
                diterbitkan atau                                                                                                            originated or
                dibeli                      3.860.044     6.870.647             405.918              2.100.641        13.237.250              purchased
              Aset keuangan yang
                dihentikan                                                                                                                  Financial assets
                pengakuannya               (2.052.451)    (3.977.125)         (2.994.283)                      -       (9.023.859)          derecognised

              Total pembentukan/                                                                                                           Total allowance/
                 (pembalikan)                                                                                                                  (reversal)
                 tahun berjalan            (2.152.283)    1.873.737            7.641.392             2.907.483        10.270.329          during the year
              Aset keuangan yang
                 dihapusbuku                 (205.875)     (195.573)         (11.021.042)           (2.322.733)      (13.745.223)          Written-off assets
              Unwinding interest                    -             -             (714.754)                    -          (714.754)         Unwinding interest
              Lain-lain                        64.128       297.831               70.471                13.244           445.674                       Others

              Saldo akhir                   9.665.633    16.721.875           12.693.914           10.273.223         49.354.645           Ending balance


                                                                                             *)
               *)    Tidak menerapkan PSAK 109.                                                      Not implement SFAS 109.


               Manajemen berpendapat bahwa jumlah                                           Management believes that the allowance for
               cadangan kerugian penurunan nilai kredit                                     impairment losses on loans and sharia
               yang diberikan dan piutang/pembiayaan                                        receivables/financing is adequate.
               syariah telah memadai.

         h.    Penghapusbukuan kredit macet                                            h.    Written-off of non-performing loans

               Pada tahun yang berakhir pada tanggal                                         For the year ended 31 December 2025 and
               31 Desember 2025 dan 2024, Bank Mandiri                                       2024, Bank Mandiri had written-off non-
               melaksanakan penghapusbukuan kredit macet                                     performing loans amounted to Rp6,418,091
               masing-masing sebesar Rp6.418.091 dan                                         and Rp11,097,083 (for Bank Mandiri only),
               Rp11.097.083 (Bank Mandiri saja).                                             respectively.




                                                                       203
Page 1218
                                                                                                         The original consolidated financial statements
                                                                                                       included herein are in the Indonesian language.

          PT BANK MANDIRI (PERSERO) Tbk                                                        PT BANK MANDIRI (PERSERO) Tbk
              DAN ENTITAS ANAKNYA                                                                    AND ITS SUBSIDIARIES
        CATATAN ATAS LAPORAN KEUANGAN                                                           NOTES TO THE CONSOLIDATED
                   KONSOLIDASIAN                                                                    FINANCIAL STATEMENTS
         Tanggal 31 Desember 2025 dan untuk                                                      As of 31 December 2025 and for
        Tahun Berakhir pada Tanggal Tersebut                                                        for the Year Then Ended
           (Disajikan dalam jutaan Rupiah,                                                      (Expressed in millions of Rupiah,
               kecuali dinyatakan lain)                                                             unless otherwise stated)

12. KREDIT     YANG      DIBERIKAN                                  DAN         12. LOANS AND SHARIA RECEIVABLES/FINANCING
    PIUTANG/PEMBIAYAAN SYARIAH (lanjutan)                                           (continued)

   B.    Berikut adalah informasi penting lainnya                                   B.   Other significant information related to loans and
         sehubungan dengan kredit yang diberikan dan                                     sharia receivables/financing: (continued)
         piutang/pembiayaan syariah: (lanjutan)

         h.    Penghapusbukuan kredit macet (lanjutan)                                   h.      Written-off of non-performing loans (continued)

               Adapun     kriteria    debitur   yang    dapat                                    The criteria for loan write-offs are as follows:
               dihapusbukukan meliputi:
               a. Fasilitas kredit telah digolongkan macet;                                      a.   Loan facility has been classified as loss;
               b. Fasilitas kredit telah dibentuk cadangan                                       b.   Loan facility has been provided with 100%
                   kerugian penurunan nilai sebesar 100%                                              (one hundred percent) allowance for
                   (seratus persen) dari pokok kredit                                                 impairment loss from the loss loan
                   macetnya;                                                                          principal;
               c. Telah       dilakukan     berbagai    upaya                                    c.   Collection and recovery efforts have been
                   penagihan dan penyelamatan, namun                                                  performed, but the result is unsuccessful;
                   tidak berhasil;
               d. Usaha debitur sudah tidak mempunyai                                            d.   The debtors’ business has no prospect or
                   prospek atau kinerja debitur buruk atau                                            has bad performance or they do not have
                   tidak ada kemampuan membayar; dan                                                  the loan repayment ability; and
               e. Hapus buku dilakukan terhadap seluruh                                          e.   The write-offs are performed for all loan
                   kewajiban kreditnya, termasuk yang                                                 obligations, including non-cash loan
                   berasal dari non-cash loan sehingga                                                facilities, and the write-offs shall not be
                   penghapusbukuan tidak boleh dilakukan                                              written-off partially.
                   pada sebagian kreditnya (partial write-off).

         i.    Kredit yang dihapusbukukan dicatat di ekstra-                             i.     Written-off loans are recorded in extra-
               komtabel. Bank terus melakukan usaha-                                            comptable. The Bank continues pursuing
               usaha penagihan atas kredit yang telah                                           for collection of the written-off loans. These
               dihapusbukukan. Kredit ekstra-komtabel ini                                       loans are not reflected in the consolidated
               tidak disajikan dalam laporan posisi                                             statement of financial position. A summary of
               keuangan konsolidasian. Ikhtisar mutasi                                          movements of extra-comptable loans are as
               kredit ekstra-komtabel adalah sebagai berikut                                    follows (for Bank Mandiri only):
               (Bank Mandiri saja):

                                                          31 Desember 2025/        31 Desember 2024/
                                                          31 December 2025         31 December 2024

              Saldo awal                                           110.496.831                105.131.352                                   Beginning balance
              Penghapusbukuan                                        6.418.091                 11.097.083                                           Write-offs
              Penerimaan kembali kredit
                yang telah dihapusbukukan                                                                                                    Cash recoveries
                (cash recoveries)                                    (7.284.923)               (6.783.077)                            from written-off loans
              Lain-lain*)                                               880.456                 1.051.473                                              Others*)

              Saldo akhir                                          110.510.455                110.496.831                                      Ending balance

               *)                                                                               *)
                    Merupakan selisih kurs karena penjabaran mata uang asing,                         Represents effect of foreign currency translation, re-recognition
                    pencatatan kembali aset yang dihapusbuku dan lainnya.                             of written off assets and others.


         j.    Kredit yang disalurkan Bank Mandiri dengan                                j.    Loans channelled by Bank Mandiri through
               sistem pembiayaan langsung (executing) ke                                       direct financing (executing) to multifinance
               perusahaan pembiayaan dan pembiayaan                                            company and joint financing mechanism as of
               bersama (joint financing) pada tanggal                                          31 December 2025 and 2024 amounted to
               31 Desember 2025 dan 2024 masing-masing                                         Rp18,194,062 and Rp16,378,143, respectively.
               sebesar Rp18.194.062 dan Rp16.378.143.




                                                                          204
Page 1219
                                                                                             The original consolidated financial statements
                                                                                           included herein are in the Indonesian language.

          PT BANK MANDIRI (PERSERO) Tbk                                             PT BANK MANDIRI (PERSERO) Tbk
              DAN ENTITAS ANAKNYA                                                         AND ITS SUBSIDIARIES
        CATATAN ATAS LAPORAN KEUANGAN                                                NOTES TO THE CONSOLIDATED
                   KONSOLIDASIAN                                                         FINANCIAL STATEMENTS
         Tanggal 31 Desember 2025 dan untuk                                           As of 31 December 2025 and for
        Tahun Berakhir pada Tanggal Tersebut                                             for the Year Then Ended
           (Disajikan dalam jutaan Rupiah,                                           (Expressed in millions of Rupiah,
               kecuali dinyatakan lain)                                                  unless otherwise stated)

12. KREDIT     YANG      DIBERIKAN                        DAN        12. LOANS AND SHARIA RECEIVABLES/FINANCING
    PIUTANG/PEMBIAYAAN SYARIAH (lanjutan)                                (continued)

   B.    Berikut adalah informasi penting lainnya                        B.   Other significant information related to loans and
         sehubungan dengan kredit yang diberikan dan                          sharia receivables/financing: (continued)
         piutang/pembiayaan syariah: (lanjutan)

         k.    Nilai tercatat diamortisasi dari kredit yang                   k.      The carrying amount of loans and sharia
               diberikan dan piutang/pembiayasan syariah                              receivables/financing at amortised cost are as
               adalah sebagai berikut:                                                follows:

                                                 31 Desember 2025/      31 Desember 2024/
                                                 31 December 2025       31 December 2024
              Kredit yang diberikan                                                                                                  Loans
                (Catatan 12A)                          1.849.967.956          1.623.216.612                                  (Note 12A)
              Bunga yang masih akan                                                                                       Accrued interest
                diterima                                   7.218.467                 5.968.024                              receivables
              Pendapatan diterima dimuka                                                                                Unearned income
                yang teratribusi                                                                                  (directly attributable)
                (Catatan 35)                                (722.505)               (1.117.656 )                               (Note 35)
              Cadangan kerugian                                                                                              Allowance for
                penurunan nilai                                                                                      impairment losses
                (Catatan 12A.c dan 12B.g)                (48.064.793)              (49.437.417 )               (Note 12A.c and 12B.g)
              Total                                    1.808.399.125          1.578.629.563                                         Total


         l.    Pada tanggal 31 Desember 2025, nilai                           l.      On 31 December 2025, book value of the
               tercatat atas saldo kredit yang diberikan Bank                         outstanding loans from Bank Mandiri to
               Mandiri kepada PT Garuda Indonesia                                     PT Garuda Indonesia (Persero) Tbk (“Garuda”)
               (Persero) Tbk (“Garuda”) sebagai dampak                                as a result of the restructuring are amounted to
               dari     restrukturisasi    adalah      sebesar                        Rp980,493 or 23% of the contractual amount.
               Rp980.493 atau sebesar 23% dari nilai                                  This value will be recovered gradually in
               kontraktual pinjaman. Nilai ini akan                                   accordance with the accounting concept after
               terpulihkan secara bertahap sesuai dengan                              the restructuring date until the maturity date.
               konsep       akuntansi      setelah      tanggal                       Bank Mandiri still has a claim value for loans
               restrukturisasi hingga tanggal jatuh tempo.                            disbursed       to   Garuda      amounted      to
               Bank Mandiri tetap memiliki nilai tagih atas                           Rp4,279,418 according to the contractual
               kredit yang diberikan kepada Garuda sebesar                            value of the loan as stated in the settlement
               Rp4.279.418       sesuai     nilai    kontraktual                      agreement which has been homologated by
               pinjaman sebagaimana tercantum dalam                                   the Commercial Court at the Central Jakarta
               perjanjian      perdamaian         yang     telah                      District Court, thus there is no write-off of the
               dihomologasi oleh Pengadilan Niaga pada                                principal and deferred interest by Bank Mandiri
               Pengadilan Negeri Jakarta Pusat, sehingga                              against Garuda.
               tidak terdapat penghapusan jumlah tagihan
               pokok dan bunga yang ditangguhkan Bank
               Mandiri terhadap Garuda.

         m. Berdasarkan kolektibilitas sesuai POJK:                           m. By collectability based on FSA regulation:

               Kolektibilitas kredit yang diberikan dan                               Collectability    of   loans     and   sharia
               piutang/pembiayasan syariah sesuai POJK                                receivables/financing in accordance with FSA
               diungkapkan pada Catatan 65.                                           regulation are disclosed in Note 65.




                                                               205
Page 1220
                                                                                  The original consolidated financial statements
                                                                                included herein are in the Indonesian language.

          PT BANK MANDIRI (PERSERO) Tbk                                  PT BANK MANDIRI (PERSERO) Tbk
              DAN ENTITAS ANAKNYA                                              AND ITS SUBSIDIARIES
        CATATAN ATAS LAPORAN KEUANGAN                                     NOTES TO THE CONSOLIDATED
                   KONSOLIDASIAN                                              FINANCIAL STATEMENTS
         Tanggal 31 Desember 2025 dan untuk                                As of 31 December 2025 and for
        Tahun Berakhir pada Tanggal Tersebut                                  for the Year Then Ended
           (Disajikan dalam jutaan Rupiah,                                (Expressed in millions of Rupiah,
               kecuali dinyatakan lain)                                       unless otherwise stated)

13. PIUTANG PEMBIAYAAN KONSUMEN                             13. CONSUMER FINANCING RECEIVABLES

   a.    Rincian dari piutang pembiayaan konsumen                a.   Details of Subsidiary’s         consumer      financing
         Entitas Anak adalah sebagai berikut:                         receivables are as follows:

                                          31 Desember 2025/     31 Desember 2024/
                                          31 December 2025      31 December 2024
        Rupiah                                                                                                          Rupiah
        Piutang pembiayaan                                                                                 Consumer financing
          konsumen - bruto                        55.422.160            56.835.393                       receivables - gross
        Dikurangi:                                                                                                        Less:
        Pendapatan pembiayaan konsumen                                                                    Unearned income on
          yang belum diakui                      (14.558.960)           (15.262.087 )                   consumer financing
        Total                                     40.863.200            41.573.306                                      Total
        Dikurangi: cadangan kerugian                                                                      Less: allowance for
          penurunan nilai                         (1.049.570)              (934.353 )                    impairment losses
        Neto                                      39.813.630            40.638.953                                         Net


         Angsuran dari saldo piutang pembiayaan                       Installments of consumer financing receivables -
         konsumen - bruto pada tanggal 31 Desember                    gross as of 31 December 2025 and 2024 which will
         2025 dan 2024 yang akan diterima dari konsumen               be received from customers based on the maturity
         berdasarkan tanggal jatuh temponya adalah                    dates are as follows:
         sebagai berikut:

                                          31 Desember 2025/     31 Desember 2024/
                                          31 December 2025      31 December 2024

        Tahun                                                                                                          Year
        2025                                               -            23.443.226                                     2025
        2026                                      38.489.139            16.199.686                                     2026
        2027 dan sesudahnya                       16.933.021            17.192.481                             2027 and later
        Total                                     55.422.160            56.835.393                                       Total


         Pada tanggal 13 April 2016 PT Mandiri Utama                  On 13 April 2016, PT Mandiri Utama Finance (MUF)
         Finance (MUF) dan Bank telah menandatangani                  and the Bank signed a Joint Financing Agreement
         Perjanjian Kerjasama Pembiayaan Bersama                      for Motor Vehicles between PT Bank Mandiri
         Kendaraan Bermotor antara PT Bank Mandiri                    (Persero) Tbk and PT Mandiri Utama Finance. This
         (Persero) Tbk dan PT Mandiri Utama Finance.                  agreement has undergone several amendments,
         Perjanjian ini telah mengalami beberapa kali                 with the latest change documented in the Tenth
         perubahan dimana perubahan terakhir melalui                  Addendum (Addendum X) to the Joint Financing
         amandemen Perjanjian Kerjasama Pembiayaan                    Agreement for Motor Vehicles between PT Bank
         Bersama Kendaran Bermotor antara PT Bank                     Mandiri (Persero) Tbk and PT Mandiri Utama
         Mandiri (Persero) Tbk dan PT Mandiri Utama                   Finance, recorded in Deed No. 2 dated
         Finance yang termuat di dalam Akta Adendum X                 14 March 2024. The joint financing facility has been
         (Sepuluh) Perjanjian Kerjasama Pembiayaan                    set at Rp22,000,000, with a joint financing portion of
         Bersama Kendaran Bermotor antara PT Bank                     at least 1% from MUF and up to 99% from the joint
         Mandiri (Persero) Tbk dan PT Mandiri Utama                   financier. This agreement is valid until 28 February
         Finance No. 2 tanggal 14 Maret 2024. Fasilitas               2025. This agreement has been amended in the
         pembiayaan      bersama     menjadi    sebesar               Addendum XI No. 9 dated 26 June 2025, which
         Rp22.000.000 dengan porsi fasilitas pembiayaan               make the joint financing facilities valid until
         bersama sebesar minimal 1% dari MUF dan                      28 February 2026.
         maksimal 99% dari pemberi pembiayaan
         bersama. Perjanjian ini berlaku sampai dengan
         tanggal 28 Februari 2025. Perjanjian tersebut
         telah di Adendum di dalam Akta Adendum XI
         (sebelas) No. 9 Tanggal 26 Juni 2025, sehingga
         fasilitas pembiayaan bersama berlaku sampai
         28 Februari 2026.




                                                      206
Page 1221
                                                                                     The original consolidated financial statements
                                                                                   included herein are in the Indonesian language.

          PT BANK MANDIRI (PERSERO) Tbk                                     PT BANK MANDIRI (PERSERO) Tbk
              DAN ENTITAS ANAKNYA                                                 AND ITS SUBSIDIARIES
        CATATAN ATAS LAPORAN KEUANGAN                                        NOTES TO THE CONSOLIDATED
                   KONSOLIDASIAN                                                 FINANCIAL STATEMENTS
         Tanggal 31 Desember 2025 dan untuk                                   As of 31 December 2025 and for
        Tahun Berakhir pada Tanggal Tersebut                                     for the Year Then Ended
           (Disajikan dalam jutaan Rupiah,                                   (Expressed in millions of Rupiah,
               kecuali dinyatakan lain)                                          unless otherwise stated)

13. PIUTANG PEMBIAYAAN KONSUMEN (lanjutan)                       13. CONSUMER FINANCING RECEIVABLES (continued)

   a.    Rincian dari piutang pembiayaan konsumen                   a.   Details of Subsidiary’s consumer              financing
         Entitas Anak adalah sebagai berikut: (lanjutan)                 receivables are as follows: (continued)

         Pada tanggal 6 Februari 2009, PT Mandiri Tunas                  On 6 February 2009, PT Mandiri Tunas Finance
         Finance (MTF) dan Bank telah menandatangani                     (MTF) and the Bank signed a Motor Vehicle
         Perjanjian Kerjasama Kendaraan Bermotor yang                    Cooperation Agreement, documented in Deed
         termuat di dalam Akta No. 9 yang telah mengalami                No. 9. This agreement has undergone several
         beberapa kali perubahan dimana perubahan                        amendments, with the latest changes through the
         terakhir    melalui    amandemen        Perjanjian              Twentieth Addendum (XX) and Restatement of the
         Kerjasama Kendaraan Bermotor yang termuat di                    Motor Vehicle Financing Cooperation Agreement
         dalam Akta Adendum XX (Kedua Puluh) dan                         documented in Deed No. 23 dated 21 July 2025,
         Pernyataan Kembali (Restatement) Perjanjian                     and the Thirteen Addendum (XIII) and Restatement
         Kerjasama Pembiayaan Bersama Kendaraan                          of the Consumer Asset Purchase (CAP) in Deed No.
         Bermotor No. 23 tanggal 21 Juli 2025 dan Akta                   24 dated 21 July 2025.
         Adendum XIII (Ketiga Belas) dan Pernyataan
         Kembali Perjanjian Kerjasama Consumer Asset
         Purchase (CAP) No. 24 tertanggal 21 Juli 2025.

         Fasilitas pembiayaan bersama menjadi sebesar                    The       joint  financing   facility amounts       to
         Rp27.000.000 dengan porsi fasilitas pembiayaan                  Rp27,000,000, with the portion of the joint financing
         bersama sebesar minimal 1,00% dari MTF dan                      facility ranging from a minimum of 1.00% from MTF
         maksimal 99,00% dari pemberi pembiayaan                         to a maximum of 99.00% from the joint financing
         bersama. Perjanjian ini berlaku sampai dengan                   provider. This agreement is valid until
         tanggal 28 Februari 2026.                                       28 February 2026.

         Pada tanggal 21 Februari 2022, MTF dan Bank                     On 21 February 2022, MTF and the Bank signed
         menandatangani          Perjanjian      Kerjasama               a Joint Financing Agreement for the financing of
         Pembiayaan Bersama dalam bentuk pembiayaan                      Passenger Vehicles, Commercial Vehicles, and
         Passenger Vehicle, Commercial Vehicle, dan                      Heavy Equipment to the Bank's commercial
         Heavy Equipment kepada debitur komersial Bank.                  debtors. This agreement has been amended, with
         Perjanjian ini telah diubah dengan perubahan                    the latest amendment included in the Fifth
         terakhir termuat dalam Adendum V (Kelima)                       Addendum (Addendum V) to the Regular Joint
         Perjanjian Pembiayaan Bersama (Joint Financing)                 Financing Agreement between the Bank and the
         Reguler      antara     Bank       dengan      MTF              MTF       No.     006/PKS-LLI/MTF/III/2025        dated
         No.       006/PKS-LLI/MTF/III/2025       tertanggal             13 March 2025. The joint financing facility is set at
         13 Maret 2025, dengan fasilitas pembiayaan                      Rp10,000,000, with a joint financing portion of at
         bersama sebesar Rp10.000.000 dengan porsi                       least 1.00% from MTF and up to 99.00% from the
         fasilitas pembiayaan bersama sebesar minimal                    joint financier. Bank Mandiri bears the credit risk and
         1,00% dari MTF dan maksimal 99,00% dari                         receives income according to its financing portion.
         pemberi pembiayaan bersama, dimana Bank                         This agreement has been extended until
         Mandiri menanggung risiko kredit dan menerima                   20 February 2026.
         pendapatan sesuai dengan porsi pembiayaannya.
         Perjanjian ini telah diperpanjang sampai dengan
         tanggal 20 Februari 2026.

         Jangka waktu kontrak pembiayaan yang                            Financing period for contracts disbursed by the
         disalurkan oleh Entitas Anak atas kendaraan                     Subsidiaries on motor vehicles ranges from 12 - 84
         bermotor berkisar antara 12 - 84 bulan.                         months.

         Termasuk dalam piutang pembiayaan konsumen                      Included in consumer financing receivables
         di atas adalah transaksi dengan pihak-pihak                     transactions are related parties transactions as of
         berelasi pada tanggal 31 Desember 2025 dan                      31 December 2025 and 2024 amounted to Rp4,257
         2024 masing-masing sebesar Rp4.257 dan                          and Rp41,346, respectively (Note 56).
         Rp41.346 (Catatan 56).




                                                           207
Page 1222
                                                                                                                    The original consolidated financial statements
                                                                                                                  included herein are in the Indonesian language.

          PT BANK MANDIRI (PERSERO) Tbk                                                                 PT BANK MANDIRI (PERSERO) Tbk
              DAN ENTITAS ANAKNYA                                                                             AND ITS SUBSIDIARIES
        CATATAN ATAS LAPORAN KEUANGAN                                                                    NOTES TO THE CONSOLIDATED
                   KONSOLIDASIAN                                                                             FINANCIAL STATEMENTS
         Tanggal 31 Desember 2025 dan untuk                                                               As of 31 December 2025 and for
        Tahun Berakhir pada Tanggal Tersebut                                                                 for the Year Then Ended
           (Disajikan dalam jutaan Rupiah,                                                               (Expressed in millions of Rupiah,
               kecuali dinyatakan lain)                                                                      unless otherwise stated)

13. PIUTANG PEMBIAYAAN KONSUMEN (lanjutan)                                        13. CONSUMER FINANCING RECEIVABLES (continued)

   a.    Rincian dari piutang pembiayaan konsumen                                         a.    Details of Subsidiary’s consumer                               financing
         Entitas Anak adalah sebagai berikut: (lanjutan)                                        receivables are as follows: (continued)

         Berikut adalah perubahan nilai tercatat piutang                                        Changes in carrying amount of consumer financing
         pembiayaan konsumen dengan klasifikasi biaya                                           receivables classified as amortised cost upon
         diamortisasi berdasarkan stage:                                                        stages are as follows:

                                                                    31 Desember 2025/31 December 2025
                                                     Stage 1            Stage 2                Stage 3                  Total

        Biaya perolehan diamortisasi                                                                                                                     Amortised cost
        Saldo awal                                   39.470.376           1.590.923                    512.007          41.573.306                     Beginning balance
        Transfer ke/(dari) stage 1                      951.177            (821.048)                  (130.129)                  -              Transfer to/(from) stage 1
        Transfer ke/(dari) stage 2                   (4.012.773)          4.062.098                    (49.325)                  -              Transfer to/(from) stage 2
        Transfer ke/(dari) stage 3                     (647.200)           (738.658)                 1.385.858                   -              Transfer to/(from) stage 3
        Total saldo awal setelah                                                                                                                  Total beginning balance
           pengalihan                                35.761.580           4.093.315                  1.718.411          41.573.306                         after transfer
        Pengukuran kembali bersih                                                                                                                  Remeasurement of net
           nilai tercatat*)                          (7.623.567)         (1.800.916)                  964.176          (8.460.307)                    carrying amount*
        Aset keuangan baru yang                                                                                                                      New financial assets
           diterbitkan atau                                                                                                                                originated or
           dibeli                                    14.445.565                69.606                  69.725           14.584.896                            purchased
        Aset keuangan yang                                                                                                                                 Financial assets
           dihentikan pengakuannya                   (4.091.824)           (600.698)                  (437.732)         (5.130.254)                       derecognised
        Aset keuangan yang                                                                                                                            Written-off financial
           dihapusbuku                                    (7.884)          (191.179)            (1.505.378)             (1.704.441)                                assets

        Total penambahan/(penurunan)                                                                                                            Total increase/(decrease)
           tahun berjalan                             2.722.290          (2.523.187)                  (909.209)           (710.106)                     during the year
        Saldo akhir                                  38.483.870           1.570.128                   809.202           40.863.200                        Ending balance


                                                                    31 Desember 2024/31 December 2024
                                                     Stage 1            Stage 2                Stage 3                  Total

        Biaya perolehan diamortisasi                                                                                                                     Amortised cost
        Saldo awal                                   31.844.501             559.928                    345.367          32.749.796                     Beginning balance
        Transfer ke/(dari) stage 1                      846.090            (744.304)                  (101.786)                  -              Transfer to/(from) stage 1
        Transfer ke/(dari) stage 2                   (2.809.118)          2.866.575                    (57.457)                  -              Transfer to/(from) stage 2
        Transfer ke/(dari) stage 3                     (637.486)           (565.430)                 1.202.916                   -              Transfer to/(from) stage 3

        Total saldo awal setelah                                                                                                                  Total beginning balance
           pengalihan                                29.243.987           2.116.769                  1.389.040          32.749.796                         after transfer
        Pengukuran kembali bersih                                                                                                                  Remeasurement of net
           nilai tercatat*)                          (8.411.118)              (70.062)                862.817           (7.618.363)                  carrying amount*)
        Aset keuangan baru yang                                                                                                                      New financial assets
           diterbitkan atau                                                                                                                                originated or
           dibeli                                    22.067.803               168.550                 172.412           22.408.765                            purchased
        Aset keuangan yang                                                                                                                                 Financial assets
           dihentikan pengakuannya                   (3.405.230)           (472.888)                  (592.614)         (4.470.732)                       derecognised
        Aset keuangan yang                                                                                                                            Written-off financial
           dihapusbuku                                  (25.066)           (151.446)            (1.319.648)             (1.496.160)                                assets

        Total penambahan/(penurunan)                                                                                                            Total increase/(decrease)
           tahun berjalan                            10.226.389            (525.846)                  (877.033)          8.823.510                      during the year


        Saldo akhir                                  39.470.376           1.590.923                   512.007           41.573.306                        Ending balance


         *)                                                                                     *)
              Termasuk di dalam pengukuran kembali bersih adalah pembayaran                            Including in the net remeasurement is repayment.
              kembali.


   b.    Rata-rata suku bunga efektif yang dikenakan                                      b.    Average of effective interest rate charged to
         kepada konsumen adalah sebagai berikut:                                                customers are as follows:

                                                          31 Desember 2025/              31 Desember 2024/
                                                          31 December 2025               31 December 2024

        Mobil                                                             16,99%                           17,17%                                                  Car
        Sepeda motor                                                      32,88%                           34,89%                                            Motorcycle




                                                                           208
Page 1223
                                                                                                     The original consolidated financial statements
                                                                                                   included herein are in the Indonesian language.

          PT BANK MANDIRI (PERSERO) Tbk                                                  PT BANK MANDIRI (PERSERO) Tbk
              DAN ENTITAS ANAKNYA                                                              AND ITS SUBSIDIARIES
        CATATAN ATAS LAPORAN KEUANGAN                                                     NOTES TO THE CONSOLIDATED
                   KONSOLIDASIAN                                                              FINANCIAL STATEMENTS
         Tanggal 31 Desember 2025 dan untuk                                                As of 31 December 2025 and for
        Tahun Berakhir pada Tanggal Tersebut                                                  for the Year Then Ended
           (Disajikan dalam jutaan Rupiah,                                                (Expressed in millions of Rupiah,
               kecuali dinyatakan lain)                                                       unless otherwise stated)

13. PIUTANG PEMBIAYAAN KONSUMEN (lanjutan)                               13. CONSUMER FINANCING RECEIVABLES (continued)

   c.    Mutasi cadangan kerugian penurunan nilai                              c.    Movements of allowance for impairment losses on
         piutang pembiayaan konsumen adalah sebagai                                  consumer financing receivables are as follows:
         berikut:
                                                 31 Desember 2025/            31 Desember 2024/
                                                 31 December 2025             31 December 2024

        Saldo awal                                             934.353                        713.044                         Beginning balance
        Pembentukan selama                                                                                                      Allowance during
          tahun berjalan (Catatan 46)                          1.819.658                  1.717.469                         the year (Note 46)
        Penghapusbukuan                                       (1.704.441)                (1.496.160 )                                  Write-offs
        Saldo akhir                                           1.049.570                       934.353                            Ending balance


                                                           31 Desember 2025/31 December 2025
                                             Stage 1           Stage 2              Stage 3             Total

        Saldo awal                             454.903            176.022              303.428            934.353                  Beginning balance
        Pengalihan ke/(dari):                                                                                                       Transfer to/(from):
           Kerugian kredit ekspektasian                                                                                      12 months expected
             12 bulan (stage 1)                 51.701             (39.651)            (12.050)                  -      credit losses (stage 1)
           Kerugian kredit ekspektasian                                                                                          Lifetime expected
             sepanjang umurnya -                                                                                                    credit losses
             tidak mengalami                                                                                                     - non-impaired
             penurunan nilai (stage 2)         (162.153)          166.259                (4.106)                 -                      (stage 2)
           Kerugian kredit ekspektasian                                                                                          Lifetime expected
             sepanjang umurnya - mengalami                                                                                          credit losses
             penurunan nilai (stage 3)          (28.974)           (74.477)            103.451                   -          impaired (stage 3)
        Total saldo awal setelah                                                                                            Total beginning balance
           pengalihan                          315.477            228.153              390.723            934.353                   after transfer
        Pengukuran kembali bersih                                                                                             Net remeasurement of
          penyisihan kerugian                   23.592            324.752            1.628.092           1.976.436              losses allowance
        Aset keuangan baru yang                                                                                                New financial assets
          diterbitkan atau                                                                                                           originated or
          dibeli                               200.185             17.781               28.027            245.993                      purchased
        Aset keuangan yang                                                                                                          Financial assets
          dihentikan pengakuannya               (69.225)          (153.472)           (180.074)           (402.771)                 derecognised
        Total pembentukan                                                                                                            Total allowance
           tahun berjalan                      154.552            189.061            1.476.045           1.819.658                 during the year
        Aset keuangan yang                                                                                                       Written-off financial
          dihapusbuku                            (7.884)          (191.179)          (1.505.378)        (1.704.441)                        assets
        Saldo akhir                            462.145            226.035              361.390           1.049.570                  Ending balance


                                                           31 Desember 2024/31 December 2024
                                             Stage 1           Stage 2              Stage 3             Total

        Saldo awal                             459.935            122.002              131.107            713.044                  Beginning balance
        Pengalihan ke/(dari):                                                                                                       Transfer to/(from):
           Kerugian kredit ekspektasian                                                                                      12 months expected
             12 bulan (stage 1)                 68.504             (53.221)            (15.283)                  -      credit losses (stage 1)
           Kerugian kredit ekspektasian                                                                                          Lifetime expected
             sepanjang umurnya -                                                                                                    credit losses
             tidak mengalami                                                                                                     - non-impaired
             penurunan nilai (stage 2)          (90.092)           96.774               (6.682)                  -                      (stage 2)
           Kerugian kredit ekspektasian                                                                                          Lifetime expected
             sepanjang umurnya - mengalami                                                                                          credit losses
             penurunan nilai (stage 3)          (18.020)           (36.140)             54.160                   -          impaired (stage 3)
        Total saldo awal setelah                                                                                            Total beginning balance
           pengalihan                          420.327            129.415              163.302            713.044                   after transfer
        Pengukuran kembali bersih                                                                                             Net remeasurement of
          penyisihan kerugian                  (150.074)          247.922            1.571.052           1.668.900              losses allowance
        Aset keuangan baru yang                                                                                                New financial assets
          diterbitkan atau                                                                                                           originated or
          dibeli                               283.680             52.865               72.140            408.685                      purchased
        Aset keuangan yang                                                                                                          Financial assets
          dihentikan pengakuannya               (63.117)          (102.736)           (194.263)           (360.116)                 derecognised
        Total pembentukan                                                                                                            Total allowance
           tahun berjalan                       70.489            198.051            1.448.929           1.717.469                 during the year
        Aset keuangan yang                                                                                                       Written-off financial
           dihapusbuku                          (25.066)          (151.446)          (1.319.648)        (1.496.160)                        assets
        Lain-lain                               (10.847)                 2               10.845                  -                             Others
        Saldo akhir                            454.903            176.022              303.428            934.353                   Ending balance


                                                                  209
Page 1224
                                                                                         The original consolidated financial statements
                                                                                       included herein are in the Indonesian language.

          PT BANK MANDIRI (PERSERO) Tbk                                         PT BANK MANDIRI (PERSERO) Tbk
              DAN ENTITAS ANAKNYA                                                     AND ITS SUBSIDIARIES
        CATATAN ATAS LAPORAN KEUANGAN                                            NOTES TO THE CONSOLIDATED
                   KONSOLIDASIAN                                                     FINANCIAL STATEMENTS
         Tanggal 31 Desember 2025 dan untuk                                       As of 31 December 2025 and for
        Tahun Berakhir pada Tanggal Tersebut                                         for the Year Then Ended
           (Disajikan dalam jutaan Rupiah,                                       (Expressed in millions of Rupiah,
               kecuali dinyatakan lain)                                              unless otherwise stated)

13. PIUTANG PEMBIAYAAN KONSUMEN (lanjutan)                    13. CONSUMER FINANCING RECEIVABLES (continued)

   c.    Mutasi cadangan kerugian penurunan nilai                  c.        Movements of allowance for impairment losses on
         piutang pembiayaan konsumen adalah sebagai                          consumer financing receivables are as follows:
         berikut: (lanjutan)                                                 (continued)

         Manajemen berpendapat bahwa cadangan                                  Management believes that the allowance for
         kerugian penurunan nilai piutang pembiayaan                           impairment losses on consumer financing
         konsumen telah memadai.                                               receivables is adequate.

   d.    Piutang pembiayaan konsumen yang menjadi                       d.     Consumer financing receivables pledged as
         jaminan atas efek-efek yang diterbitkan pada                          collateral for debt securities issued as of
         tanggal 31 Desember 2025 dan 2024 adalah                              31 December 2025 and 2024 are Rp1,436,756
         masing-masing sebesar Rp1.436.756 dan                                 and Rp2,435,067, respectively (Note 30).
         Rp2.435.067 (Catatan 30).

   e.    Piutang pembiayaan konsumen yang menjadi                       e.     Consumer financing receivables pledged as
         jaminan atas pinjaman yang diterima pada tanggal                      collateral for fund borrowing as of 31 December
         31 Desember 2025 dan 2024 adalah masing-                              2025 and 2024 are Rp16,971,035 and
         masing sebesar Rp16.971.035 dan Rp23.464.134                          Rp23,464,134, respectively (Note 36h).
         (Catatan 36h).

   f.    Sebagai jaminan atas piutang pembiayaan                        f.     As a collateral to the consumer financing
         konsumen yang diberikan, Entitas Anak menerima                        receivables, the Subsidiaries received Vehicles
         jaminan dari konsumen berupa Bukti Kepemilikan                        Ownership Certificate (“BPKB”) from its customer
         Kendaraan Bermotor (“BPKB”) atas kendaraan                            for every vehicle financed by the Subsidiaries.
         bermotor yang dibiayai oleh Entitas Anak.

14. INVESTASI BERSIH DALAM SEWA PEMBIAYAAN                    14. NET INVESTMENT FINANCE LEASES

   a.    Rincian dari investasi bersih dalam sewa                  a.        Details of Subsidiaries’ net investment finance
         pembiayaan Entitas Anak adalah sebagai berikut:                     leases are as follows:

                                            31 Desember 2025/     31 Desember 2024/
                                            31 December 2025      31 December 2024

        Rupiah                                                                                                                 Rupiah
        Pihak ketiga                                                                                                      Third parties
          Piutang sewa pembiayaan                                                                               Gross finance lease
             bruto                                   4.851.402                  6.791.445                             receivables
          Piutang sewa pembiayaan yang                                                                  Finance lease receivables
             dibiayai bersama dengan                                                                    jointly funded with other
             pihak-pihak lain without                                                                              parties without
             recourse - bruto                           (6.140)                   (22.400 )                      recourse - gross
          Nilai sisa terjamin                        1.833.652                  2.445.103               Guaranteed residual value
          Pendapatan sewa pembiayaan
             yang ditangguhkan                        (691.522)                 (1.011.969 )        Deferred finance lease income
          Simpanan jaminan                          (1.833.652)                 (2.445.103 )                     Security deposits

        Total investasi bersih dalam                                                                    Total net investment finance
           sewa pembiayaan                           4.153.740                  5.757.076                                   leases
        Dikurangi: cadangan kerugian                                                                             Less: allowance for
           penurunan nilai                            (134.987)                  (103.337 )                     impairment losses

        Neto                                         4.018.753                  5.653.739                                          Net


         Jangka waktu kontrak pembiayaan yang                                Financing period for contracts disbursed by the
         disalurkan oleh Entitas Anak atas kendaraan                         Subsidiaries on motor vehicles ranges between 12 -
         bermotor berkisar antara 12 - 60 bulan.                             60 months.




                                                        210
Page 1225
                                                                                                  The original consolidated financial statements
                                                                                                included herein are in the Indonesian language.

          PT BANK MANDIRI (PERSERO) Tbk                                               PT BANK MANDIRI (PERSERO) Tbk
              DAN ENTITAS ANAKNYA                                                           AND ITS SUBSIDIARIES
        CATATAN ATAS LAPORAN KEUANGAN                                                  NOTES TO THE CONSOLIDATED
                   KONSOLIDASIAN                                                           FINANCIAL STATEMENTS
         Tanggal 31 Desember 2025 dan untuk                                             As of 31 December 2025 and for
        Tahun Berakhir pada Tanggal Tersebut                                               for the Year Then Ended
           (Disajikan dalam jutaan Rupiah,                                             (Expressed in millions of Rupiah,
               kecuali dinyatakan lain)                                                    unless otherwise stated)

14. INVESTASI BERSIH DALAM SEWA PEMBIAYAAN                            14. NET INVESTMENT FINANCE LEASES (continued)
    (lanjutan)

   a.    Rincian dari investasi bersih dalam sewa                           a.    Details of Subsidiaries’ net investment finance
         pembiayaan Entitas Anak adalah sebagai berikut:                          leases are as follows: (continued)
         (lanjutan)

         Piutang sewa pembiayaan - bruto sesuai dengan                            Details of investment finance leases - gross, based
         tanggal jatuh temponya adalah sebagai berikut:                           on the maturity date are as follows:

                                              31 Desember 2025/            31 Desember 2024/
                                              31 December 2025             31 December 2024

        Tahun                                                                                                                             Year
        2025                                                       -                  3.379.367                                           2025
        2026                                               2.604.729                  2.162.384                                           2026
        2027 dan sesudahnya                                2.246.673                  1.249.694                                   2027 and later
                                                           4.851.402                  6.791.445
        Piutang sewa pembiayaan yang                                                                                  Finance lease receivables
           dibiayai bersama dengan                                                                                    jointly funded with other
           pihak-pihak lain without                                                                                              parties without
           recourse - bruto                                    (6.140)                     (22.400 )                           recourse - gross
        Nilai sisa terjamin, pendapatan                                                                              Guaranteed residual value,
           sewa pembiayaan                                                                                                     deferred finance
           yang ditangguhkan dan                                                                                             lease income and
           simpanan jaminan                                 (691.522)                (1.011.969 )                              security deposits
        Investasi bersih dalam sewa                                                                                     Net invesment finance
          pembiayaan                                       4.153.740                  5.757.076                                       lease



         Berikut adalah perubahan nilai tercatat investasi                        Movements in carrying amount of net investment
         bersih dalam sewa pembiayaan dengan klasifikasi                          finance leases classified as at amortised cost upon
         biaya perolehan diamortisasi berdasarkan stage:                          stages are as follows:

                                                        31 Desember 2025/31 December 2025
                                          Stage 1           Stage 2              Stage 3               Total


        Biaya perolehan diamortisasi                                                                                           At amortised cost
        Saldo awal                         5.139.615            447.413             170.048             5.757.076               Beginning balance
        Transfer ke/(dari) stage 1           179.259           (163.784)            (15.475)                    -        Transfer to/(from) stage 1
        Transfer ke/(dari) stage 2        (1.011.713)         1.023.897             (12.184)                    -        Transfer to/(from) stage 2
        Transfer ke/(dari) stage 3          (323.543)          (138.842)            462.385                     -        Transfer to/(from) stage 3

        Total saldo awal                                                                                                   Total beginning balance
          setelah pengalihan               3.983.618          1.168.684             604.774             5.757.076                  after transfer

        Pengukuran kembali bersih                                                                                           Remeasurement of net
          nilai tercatat*)                  (754.800)          (562.242)           (361.295)           (1.678.337)            carrying amount*)
        Aset keuangan baru yang                                                                                               New financial assets
          diterbitkan atau                                                                                                         originated or
          dibeli                           1.027.377            15.926              237.173             1.280.476                    purchased
        Aset keuangan yang                                                                                                        Financial assets
          dihentikan pengakuannya           (696.594)          (184.128)            (67.450)             (948.172)                derecognised
        Aset keuangan yang                                                                                                     Written-off financial
          dihapusbuku                         (4.123)           (42.554)           (210.626)             (257.303)                       assets

        Total kenaikan/(penurunan)                                                                                       Total increase/(decrease)
           tahun berjalan                   (428.140)          (772.998)            (402.198)          (1.603.336)               during the year

        Saldo akhir                        3.555.478           395.686              202.576             4.153.740                 Ending balance




                                                               211
Page 1226
                                                                                                                   The original consolidated financial statements
                                                                                                                 included herein are in the Indonesian language.

          PT BANK MANDIRI (PERSERO) Tbk                                                                PT BANK MANDIRI (PERSERO) Tbk
              DAN ENTITAS ANAKNYA                                                                            AND ITS SUBSIDIARIES
        CATATAN ATAS LAPORAN KEUANGAN                                                                   NOTES TO THE CONSOLIDATED
                   KONSOLIDASIAN                                                                            FINANCIAL STATEMENTS
         Tanggal 31 Desember 2025 dan untuk                                                              As of 31 December 2025 and for
        Tahun Berakhir pada Tanggal Tersebut                                                                for the Year Then Ended
           (Disajikan dalam jutaan Rupiah,                                                              (Expressed in millions of Rupiah,
               kecuali dinyatakan lain)                                                                     unless otherwise stated)

14. INVESTASI BERSIH DALAM SEWA PEMBIAYAAN                                        14. NET INVESTMENT FINANCE LEASES (continued)
    (lanjutan)

   a.    Rincian dari investasi bersih dalam sewa                                         a.    Details of Subsidiaries’ net investment finance
         pembiayaan Entitas Anak adalah sebagai berikut:                                        leases are as follows: (continued)
         (lanjutan)

         Berikut adalah perubahan nilai tercatat investasi                                      Movements in carrying amount of net investment
         bersih dalam sewa pembiayaan dengan klasifikasi                                        finance leases classified as at amortised cost upon
         biaya perolehan diamortisasi berdasarkan stage:                                        stages are as follows:

                                                                    31 Desember 2024/31 December 2024
                                                     Stage 1            Stage 2                Stage 3                 Total

        Biaya perolehan diamortisasi                                                                                                                 At amortised cost
        Saldo awal                                    5.292.585             177.578                   19.079            5.489.242                     Beginning balance
        Transfer ke/(dari) stage 1                      122.320             (98.355)                 (23.965)                   -              Transfer to/(from) stage 1
        Transfer ke/(dari) stage 2                     (687.876)            693.949                   (6.073)                   -              Transfer to/(from) stage 2
        Transfer ke/(dari) stage 3                      (47.202)           (182.020)                 229.222                    -              Transfer to/(from) stage 3

        Total saldo awal                                                                                                                         Total beginning balance
          setelah pengalihan                          4.679.827               591.152                218.263            5.489.242                        after transfer

        Pengukuran kembali bersih                                                                                                                 Remeasurement of net
          nilai tercatat*)                           (1.641.474)               (7.912)                40.850           (1.608.536)                  carrying amount*)
        Aset keuangan baru yang                                                                                                                     New financial assets
          diterbitkan atau                                                                                                                               originated or
          dibeli                                      3.003.610                89.069                  2.472            3.095.151                          purchased
        Aset keuangan yang                                                                                                                              Financial assets
          dihentikan pengakuannya                      (900.015)           (218.790)                  (47.824)         (1.166.629)                      derecognised
        Aset keuangan yang                                                                                                                           Written-off financial
          dihapusbuku                                     (2.333)              (6.106)                (43.713)             (52.152)                            assets

        Total kenaikan/(penurunan)                                                                                                             Total increase/(decrease)
           tahun berjalan                               459.788            (143.739)                  (48.215)            267.834                      during the year

        Saldo akhir                                   5.139.615               447.413                170.048            5.757.076                         Ending balance


         *)                                                                                     *)
              Termasuk di dalam pengukuran kembali bersih adalah pembayaran                           Including in the net remeasurement is repayment.
              kembali.


   b.    Rata-rata suku bunga efektif yang dikenakan                                      b.    Average of effective interest rate charged to
         kepada konsumen adalah sebagai berikut:                                                customers are as follows:

                                                          31 Desember 2025/              31 Desember 2024/
                                                          31 December 2025               31 December 2024

        Mobil                                                            19,93%                           18,75%                                                 Car
        Alat berat                                                       15,00%                           11,12%                                     Heavy equipment
        Mesin                                                            12,75%                           18,01%                                             Machine

   c.    Mutasi cadangan kerugian penurunan nilai                                         c.         Movements of allowance for impairment losses on
         investasi bersih dalam sewa pembiayaan adalah                                               net investment finance leases are as follows:
         sebagai berikut:

                                                          31 Desember 2025/              31 Desember 2024/
                                                          31 December 2025               31 December 2024

        Saldo awal                                                       103.337                           70.170                                  Beginning balance
        Pembentukan selama                                                                                                                           Allowance during
          tahun berjalan (Catatan 46)                                    288.953                           85.319                                the year (Note 46)
        Penghapusbukuan                                                 (257.303 )                        (52.152 )                                         Write-offs
        Saldo akhir                                                      134.987                          103.337                                        Ending balance




                                                                           212
Page 1227
                                                                                                   The original consolidated financial statements
                                                                                                 included herein are in the Indonesian language.

          PT BANK MANDIRI (PERSERO) Tbk                                                 PT BANK MANDIRI (PERSERO) Tbk
              DAN ENTITAS ANAKNYA                                                             AND ITS SUBSIDIARIES
        CATATAN ATAS LAPORAN KEUANGAN                                                    NOTES TO THE CONSOLIDATED
                   KONSOLIDASIAN                                                             FINANCIAL STATEMENTS
         Tanggal 31 Desember 2025 dan untuk                                               As of 31 December 2025 and for
        Tahun Berakhir pada Tanggal Tersebut                                                 for the Year Then Ended
           (Disajikan dalam jutaan Rupiah,                                               (Expressed in millions of Rupiah,
               kecuali dinyatakan lain)                                                      unless otherwise stated)

14. INVESTASI BERSIH DALAM SEWA PEMBIAYAAN                               14. NET INVESTMENT FINANCE LEASES (continued)
    (lanjutan)
   c.    Mutasi cadangan kerugian penurunan nilai                             c.    Movements of allowance for impairment losses on
         investasi bersih dalam sewa pembiayaan adalah                              net investment finance leases are as follows:
         sebagai berikut: (lanjutan)                                                (continued)
                                                           31 Desember 2025/31 December 2025
                                             Stage 1           Stage 2             Stage 3            Total

        Saldo awal                               29.684             27.019             46.634           103.337               Beginning balance
        Pengalihan ke/(dari):                                                                                                  Transfer to/(from):
           Kerugian kredit ekpektasian                                                                               12 months expected credit
             12 bulan (stage 1)                  10.461             (8.984)            (1.477)                 -           losses (stage 1)
           Kerugian kredit ekspektasian
             sepanjang umurnya -                                                                                        Lifetime expected credit
             tidak mengalami penurunan                                                                                 losses - non-impaired
             nilai (stage 2)                    (70.898)            72.197             (1.299)                 -                     (stage 2)
           Kerugian kredit ekspektasian                                                                                 Lifetime expected credit
             sepanjang umurnya - mengalami                                                                                  losses - impaired
             penurunan nilai (stage 3)          (54.702)            (9.998)            64.700                  -                     (stage 3)

        Total saldo awal                                                                                                  Total beginning balance
           setelah pengalihan                  (85.455)             80.234            108.558           103.337                   after transfer
        Pengukuran kembali bersih                                                                                           Net remeasurement of
          penyisihan kerugian                  120.468              37.144            206.064           363.676               losses allowance
        Aset keuangan baru yang                                                                                              New financial assets
          diterbitkan atau                                                                                                         originated or
          dibeli                                  4.442              5.558              1.829            11.829                      purchased
        Aset keuangan yang                                                                                                        Financial assets
          dihentikan pengakuannya                (7.387)           (49.344)           (29.821)           (86.552)                 derecognised

        Total pembentukan/(pembalikan)                                                                                  Total allowance/(reversal)
           tahun berjalan                      117.523             (6.642)            178.072           288.953               during the period
        Aset keuangan yang                                                                                                     Written-off financial
           dihapusbuku                           (4.123)           (42.554)          (210.626)          (257.303)                        assets

        Saldo akhir                              27.945             31.038             76.004           134.987                  Ending balance


                                                           31 Desember 2024/31 December 2024
                                             Stage 1           Stage 2             Stage 3            Total

        Saldo awal                               46.071             18.881              5.218            70.170               Beginning balance
        Pengalihan ke/(dari):                                                                                                  Transfer to/(from):
           Kerugian kredit ekpektasian                                                                               12 months expected credit
             12 bulan (stage 1)                   6.926             (5.039)            (1.887)                 -           losses (stage 1)
           Kerugian kredit ekspektasian
             sepanjang umurnya -                                                                                        Lifetime expected credit
             tidak mengalami penurunan                                                                                 losses - non-impaired
             nilai (stage 2)                     (7.626)             8.151               (525)                 -                     (stage 2)
           Kerugian kredit ekspektasian                                                                                 Lifetime expected credit
             sepanjang umurnya - mengalami                                                                                  losses - impaired
             penurunan nilai (stage 3)           (2.700)            (6.906)             9.606                  -                     (stage 3)

        Total saldo awal                                                                                                  Total beginning balance
           setelah pengalihan                    42.671             15.087             12.412            70.170                   after transfer
        Pengukuran kembali bersih                                                                                           Net remeasurement of
          penyisihan kerugian                   (8.043)             34.080             91.896           117.933               losses allowance
        Aset keuangan baru yang                                                                                              New financial assets
          diterbitkan atau                                                                                                         originated or
          dibeli                                 16.429             25.280              1.772            43.481                      purchased
        Aset keuangan yang                                                                                                        Financial assets
          dihentikan pengakuannya               (19.040)           (41.322)           (15.733)           (76.095)                 derecognised

        Total pembentukan/(pembalikan)          (10.654)            18.038             77.935            85.319         Total allowance/(reversal)
           tahun berjalan                                                                                                     during the period
        Aset keuangan yang                                                                                                     Written-off financial
          dihapusbuku                            (2.333)            (6.106)           (43.713)           (52.152)                        assets

        Saldo akhir                              29.684             27.019             46.634           103.337                  Ending balance


         Manajemen berpendapat bahwa cadangan                                       Management believes that the allowance for
         kerugian penurunan nilai investasi bersih dalam                            impairment losses on net investment finance lease
         sewa pembiayaan telah memadai.                                             is adequate.

                                                                  213
Page 1228
                                                                                   The original consolidated financial statements
                                                                                 included herein are in the Indonesian language.

          PT BANK MANDIRI (PERSERO) Tbk                                   PT BANK MANDIRI (PERSERO) Tbk
              DAN ENTITAS ANAKNYA                                               AND ITS SUBSIDIARIES
        CATATAN ATAS LAPORAN KEUANGAN                                      NOTES TO THE CONSOLIDATED
                   KONSOLIDASIAN                                               FINANCIAL STATEMENTS
         Tanggal 31 Desember 2025 dan untuk                                 As of 31 December 2025 and for
        Tahun Berakhir pada Tanggal Tersebut                                   for the Year Then Ended
           (Disajikan dalam jutaan Rupiah,                                 (Expressed in millions of Rupiah,
               kecuali dinyatakan lain)                                        unless otherwise stated)

14. INVESTASI BERSIH DALAM SEWA PEMBIAYAAN                    14. NET INVESTMENT FINANCE LEASES (continued)
    (lanjutan)

   d.    Investasi bersih dalam sewa pembiayaan yang              d. Net investment finance leases pledged as collateral
         menjadi jaminan atas efek-efek yang diterbitkan             for debt securities issued as of 31 December 2025
         pada tanggal 31 Desember 2025 dan 2024 adalah               and 2024 were amounted to Rp174,341 and
         masing-masing     sebesar    Rp174.341      dan             Rp433,293, respectively (Note 30).
         Rp433.293 (Catatan 30).

   e.    Investasi bersih dalam sewa pembiayaan yang              e. Net investment finance lease pledged as collateral
         menjadi jaminan atas pinjaman yang diterima                 for fund borrowings as of 31 December 2025 and
         pada tanggal 31 Desember 2025 dan 2024 adalah               2024 were amounted to Rp460,323 and
         masing-masing sebesar        Rp460.323 dan                  Rp1,583,867, respectively (Note 36h).
         Rp1.583.867 (Catatan 36h).

   f.    Berdasarkan kolektibilitas sesuai POJK:                  f.   By collectability based on FSA regulation:

         Kolektibilitas investasi bersih dalam sewa                    Collectability of investment finance leases in
         pembiayaan sesuai POJK diungkapkan pada                       accordance with FSA regulation are disclosed in
         Catatan 65.                                                   Note 65.

15. TAGIHAN AKSEPTASI                                         15. ACCEPTANCE RECEIVABLES

   a.    Berdasarkan jenis mata uang, pihak berelasi dan          a.   By currency, related parties and third parties:
         pihak ketiga:

                                            31 Desember 2025/    31 Desember 2024/
                                            31 December 2025     31 December 2024
        Rupiah                                                                                                        Rupiah
         Tagihan kepada bank lain                                                          Receivables from other banks
            Pihak berelasi (Catatan 56)               249.142               418.984            Related parties (Note 56)
            Pihak ketiga                              329.255               285.344                         Third parties

                                                      578.397               704.328

         Tagihan kepada debitur                                                                   Receivables from debtors
           Pihak berelasi (Catatan 56)                665.101                961.892            Related parties (Note 56)
           Pihak ketiga                             2.763.190              3.847.716                         Third parties

                                                    3.428.291              4.809.608

        Total Rupiah                                4.006.688              5.513.936                              Total Rupiah


        Mata uang asing                                                                                   Foreign currencies
          Tagihan kepada bank lain                                                            Receivables from other banks
            Pihak ketiga                              293.145                77.672                         Third parties

                                                      293.145                77.672

          Tagihan kepada debitur                                                                  Receivables from debtors
            Pihak berelasi (Catatan 56)               247.050                317.988            Related parties (Note 56)
            Pihak ketiga                            3.541.395              3.404.269                         Third parties

                                                    3.788.445              3.722.257

        Total mata uang asing                                                                          Total foreign currencies
          (Catatan 62.B.(iv))                       4.081.590              3.799.929                          (Note 62.B.(iv))

                                                    8.088.278              9.313.865
        Dikurangi: cadangan kerugian                                                                       Less: allowance for
          penurunan nilai                             (26.015)               (31.340 )                    impairment losses

        Neto                                        8.062.263              9.282.525                                       Net




                                                        214
Page 1229
                                                                                                                     The original consolidated financial statements
                                                                                                                   included herein are in the Indonesian language.

          PT BANK MANDIRI (PERSERO) Tbk                                                                   PT BANK MANDIRI (PERSERO) Tbk
              DAN ENTITAS ANAKNYA                                                                               AND ITS SUBSIDIARIES
        CATATAN ATAS LAPORAN KEUANGAN                                                                      NOTES TO THE CONSOLIDATED
                   KONSOLIDASIAN                                                                               FINANCIAL STATEMENTS
         Tanggal 31 Desember 2025 dan untuk                                                                 As of 31 December 2025 and for
        Tahun Berakhir pada Tanggal Tersebut                                                                   for the Year Then Ended
           (Disajikan dalam jutaan Rupiah,                                                                 (Expressed in millions of Rupiah,
               kecuali dinyatakan lain)                                                                        unless otherwise stated)

15. TAGIHAN AKSEPTASI (lanjutan)                                                     15. ACCEPTANCE RECEIVABLES (continued)

   a.    Berdasarkan jenis mata uang, pihak berelasi dan                                 a.    By currency, related parties and third parties:
         pihak ketiga: (lanjutan)                                                              (continued)

         Berikut adalah perubahan nilai tercatat tagihan                                       Movements in carrying amount of acceptance
         akseptasi berdasarkan stage:                                                          receivables upon stages:

                                                                   31 Desember 2025/31 December 2025
                                                                                                              Syariah*)/
                                             Stage 1           Stage 2               Stage 3                   Sharia*)               Total

        Biaya perolehan diamortisasi                                                                                                                    At amortised cost
        Saldo awal                      9.154.836                     6.886                          -             152.143             9.313.865         Beginning balance
        Pengalihan ke/(dari):                                                                                                                            Transfer to/(from):
             - Kerugian kredit                                                                                                                       12 months expected -
                 ekspektasian 12 bulan                                                                                                                    credit losses
                 (stage 1)                       -                         -                         -                      -                    -            (stage 1)
             - Kerugian kredit
                 ekspektasian sepanjang                                                                                                                 Lifetime expected -
                 umurnya - tidak                                                                                                                            credit losses
                 mengalami penurunan                                                                                                                        - unimpaired
                 nilai (stage 2)           (69.757)                 69.757                           -                      -                    -              (stage 2)
             - Kerugian kredit
                 ekspektasian sepanjang                                                                                                                 Lifetime expected -
                 umurnya - mengalami                                                                                                                        credit losses
                 penurunan                                                                                                                                     - impaired
                 nilai (stage 3)                 -                         -                         -                      -                    -               (stage 3)

        Total saldo awal setelah                                                                                                                     Total beginning balance
                 pengalihan                   9.085.079             76.643                           -             152.143             9.313.865             after transfer


        Pengukuran kembali bersih                                                                                                                Remeasurement of net
           nilai tercatat**)                   (151.256)              4.039                         -              502.851               355.634   carrying amount**)
        Aset keuangan baru yang                                                                                                                    New financial assets
           diterbitkan atau                                                                                                                              originated or
           dibeli                            19.579.195             65.792                          -                       -        19.644.987            purchased
        Aset keuangan yang                                                                                                                              Financial assets
           dihentikan pengakuannya          (21.372.232)            (47.044)                        -                       -       (21.419.276)       derecognised
        Lain-lain                               184.968               8.100                         -                       -           193.068                   Others

        Total (penurunan)/kenaikan                                                                                                               Total (decrease)/increase
          tahun berjalan                      (1.759.325)           30.887                          -              502.851            (1.225.587)        during the year

        Saldo akhir                           7.325.754            107.530                          -              654.994            8.088.278               Ending balance


         *)                                                                                    *)
               Tidak menerapkan PSAK 109.                                                                Not implement SFAS 109.
         **)                                                                                   **)
               Termasuk di dalam pengukuran kembali bersih adalah pembayaran                             Including in the net remeasurement is repayment.
               kembali.

                                                                   31 Desember 2024/31 December 2024
                                                                                                              Syariah*)/
                                             Stage 1           Stage 2               Stage 3                   Sharia*)               Total

        Biaya perolehan diamortisasi                                                                                                                        At amortised cost
        Saldo awal                           14.284.950            177.991                          -              330.947           14.793.888             Beginning balance

        Pengukuran kembali bersih                                                                                                                Remeasurement of net
           nilai tercatat**)                     (38.343)                145                        -             (178.804)             (217.002)  carrying amount**)
        Aset keuangan baru yang                                                                                                                    New financial assets
           diterbitkan atau                                                                                                                              originated or
           dibeli                            30.926.707             96.915                          -                       -        31.023.622            purchased
        Aset keuangan yang                                                                                                                              Financial assets
           dihentikan pengakuannya          (36.089.877)          (268.301)                         -                       -       (36.358.178)       derecognised
        Lain-lain                                71.399                136                          -                       -            71.535                   Others
        Total penurunan                                                                                                                                         Total decrease
          tahun berjalan                      (5.130.114)         (171.105)                         -             (178.804)           (5.480.023)            during the year
        Saldo akhir                           9.154.836              6.886                          -              152.143            9.313.865              Ending balance


         *)                                                                                    *)
               Tidak menerapkan PSAK 109.                                                                Not implement SFAS 109.
         **)                                                                                   **)
               Termasuk di dalam pengukuran kembali bersih adalah pembayaran                             Including in the net remeasurement is repayment.
               kembali.

                                                                               215
Page 1230
                                                                                                                      The original consolidated financial statements
                                                                                                                    included herein are in the Indonesian language.

          PT BANK MANDIRI (PERSERO) Tbk                                                                     PT BANK MANDIRI (PERSERO) Tbk
              DAN ENTITAS ANAKNYA                                                                                 AND ITS SUBSIDIARIES
        CATATAN ATAS LAPORAN KEUANGAN                                                                        NOTES TO THE CONSOLIDATED
                   KONSOLIDASIAN                                                                                 FINANCIAL STATEMENTS
         Tanggal 31 Desember 2025 dan untuk                                                                   As of 31 December 2025 and for
        Tahun Berakhir pada Tanggal Tersebut                                                                     for the Year Then Ended
           (Disajikan dalam jutaan Rupiah,                                                                   (Expressed in millions of Rupiah,
               kecuali dinyatakan lain)                                                                          unless otherwise stated)

15. TAGIHAN AKSEPTASI (lanjutan)                                                         15. ACCEPTANCE RECEIVABLES (continued)
   b.    Berdasarkan jatuh tempo:                                                            b.    By maturity:
                                                             31 Desember 2025/             31 Desember 2024/
                                                             31 December 2025              31 December 2024
        Rupiah                                                                                                                                                       Rupiah
          Kurang dari 1 bulan                                                943.214                          939.242                                   Less than 1 month
          1 - 3 bulan                                                      1.432.310                        2.596.722                                         1 - 3 months
          3 - 6 bulan                                                      1.198.845                        1.977.972                                         3 - 6 months
          6 - 12 bulan                                                       432.319                                -                                       6 - 12 months
        Total Rupiah                                                       4.006.688                        5.513.936                                               Total Rupiah
        Mata uang asing                                                                                                                                   Foreign currencies
          Kurang dari 1 bulan                                              1.349.463                        1.082.622                                   Less than 1 month
          1 - 3 bulan                                                      1.142.466                        1.889.492                                         1 - 3 months
          3 - 6 bulan                                                      1.191.404                          547.886                                         3 - 6 months
          6 - 12 bulan                                                        19.081                           30.962                                       6 - 12 months
          Lebih dari 12 bulan                                                379.176                          248.967                                     Over 12 months
        Total mata uang asing                                                                                                                      Total foreign currencies
          (Catatan 62.B.(iv))                                              4.081.590                        3.799.929                                    (Note 62.B.(iv))
                                                                           8.088.278                        9.313.865
        Dikurangi: cadangan kerugian                                                                                                                      Less: allowance for
          penurunan nilai                                                     (26.015)                        (31.340 )                                 impairment losses
        Neto                                                               8.062.263                        9.282.525                                                          Net

   c.    Mutasi cadangan              kerugian         penurunan           nilai             c.     Movements of allowance for impairment losses on
         tagihan akseptasi:                                                                         acceptance receivables:
                                                             31 Desember 2025/             31 Desember 2024/
                                                             31 December 2025              31 December 2024

        Saldo awal                                                            31.340                         122.212                                       Beginning balance
        Pembalikan selama                                                                                                                                Total reversal during
          tahun berjalan (Catatan 46)                                          (6.321)                        (91.509 )                                  the year (Note 46)
        Lain-lain*)                                                               996                             637                                                 Others*)
        Saldo akhir                                                            26.015                          31.340                                           Ending balance

         *)                                                                                        *)
               Termasuk selisih kurs karena penjabaran mata uang asing.                                     Included effect of foreign currency translation.

                                                                     31 Desember 2025/31 December 2025
                                                                                                              Syariah*)/
                                             Stage 1             Stage 2                 Stage 3               Sharia*)                 Total

        Saldo awal                                25.737                  3.751                         -              1.852                 31.340          Beginning balance
        Pengalihan ke/(dari):                                                                                                                                Transfer to/(from):
             - Kerugian kredit                                                                                                                           12 months expected -
                 ekspektasian 12 bulan                                                                                                                        credit losses
                 (stage 1)                               -                     -                        -                    -                      -             (stage 1)
             - Kerugian kredit
                 ekspektasian sepanjang                                                                                                                        Lifetime expected -
                 umurnya - tidak                                                                                                                                   credit losses
                 mengalami penurunan                                                                                                                               - unimpaired
                 nilai (stage 2)                   (2.325)                2.325                         -                    -                      -                  (stage 2)
             - Kerugian kredit
                 ekspektasian sepanjang                                                                                                                        Lifetime expected -
                 umurnya - mengalami                                                                                                                               credit losses
                 penurunan                                                                                                                                            - impaired
                 nilai (stage 3)                         -                     -                        -                    -                      -                   (stage 3)
        Total saldo awal setelah                                                                                                                     Total beginning balance
                  pengalihan                      23.412                  6.076                         -              1.852                 31.340           after transfer
        Pengukuran kembali bersih                                                                                                                     Remeasurement of net
           penyisihan kerugian                   (10.530)                  (407)                        -              5.036                 (5.901)      carrying amount
        Aset keuangan baru yang                                                                                                                         New financial assets
           diterbitkan atau                                                                                                                                   originated or
           dibeli                                 29.607                  9.128                         -                     -              38.735              purchased
        Aset keuangan yang                                                                                                                                   Financial assets
           dihentikan pengakuannya               (27.874)             (11.281)                          -                    -              (39.155)         derecognised
        Total pembalikan                                                                                                                                             Total reversal
           tahun berjalan                          (8.797)                (2.560)                       -              5.036                 (6.321)             during the year
        Lain-lain**)                                  767                    185                        -                 44                    996                        Others**)
        Saldo akhir                               15.382                  3.701                         -              6.932                 26.015               Ending balance


                                                                                   216
Page 1231
                                                                                                                      The original consolidated financial statements
                                                                                                                    included herein are in the Indonesian language.

          PT BANK MANDIRI (PERSERO) Tbk                                                                     PT BANK MANDIRI (PERSERO) Tbk
              DAN ENTITAS ANAKNYA                                                                                 AND ITS SUBSIDIARIES
        CATATAN ATAS LAPORAN KEUANGAN                                                                        NOTES TO THE CONSOLIDATED
                   KONSOLIDASIAN                                                                                 FINANCIAL STATEMENTS
         Tanggal 31 Desember 2025 dan untuk                                                                   As of 31 December 2025 and for
        Tahun Berakhir pada Tanggal Tersebut                                                                     for the Year Then Ended
           (Disajikan dalam jutaan Rupiah,                                                                   (Expressed in millions of Rupiah,
               kecuali dinyatakan lain)                                                                          unless otherwise stated)

15. TAGIHAN AKSEPTASI (lanjutan)                                                         15. ACCEPTANCE RECEIVABLES (continued)

   c.    Mutasi cadangan kerugian                      penurunan           nilai             c.     Movements of allowance for impairment losses on
         tagihan akseptasi: (lanjutan)                                                              acceptance receivables: (continued)
                                                                     31 Desember 2024/31 December 2024
                                                                                                              Syariah*)/
                                             Stage 1             Stage 2                 Stage 3               Sharia*)                 Total

        Saldo awal                                29.917                  87.984                        -              4.311               122.212             Beginning balance
        Pengukuran kembali bersih                                                                                                                   Remeasurement of net
          penyisihan kerugian                    (15.021)                    (72)                       -             (2.458)              (17.551)    carrying amount
        Aset keuangan baru yang                                                                                                                       New financial assets
          diterbitkan atau                                                                                                                                 originated or
          dibeli                                  51.773                  19.096                        -                    -              70.869           purchased
        Aset keuangan yang                                                                                                                                Financial assets
          dihentikan pengakuannya                (41.480)            (103.347)                          -                    -            (144.827)      derecognised

        Total pembalikan                                                                                                                                           Total reversal
           tahun berjalan                          (4.728)            (84.323)                          -             (2.458)               (91.509)           during the year
        Lain-lain**)                                  548                  90                           -                 (1)                   637                      Others**)

        Saldo akhir                               25.737                   3.751                        -              1.852                 31.340             Ending balance


         *)                                                                                        *)
               Tidak menerapkan PSAK 109.                                                                   Not implement SFAS 109.
         **)                                                                                       **)
               Termasuk selisih kurs karena penjabaran mata uang asing.                                     Included effect of foreign currency translation.


         Manajemen berpendapat bahwa cadangan                                                      Management believes that the allowance for
         kerugian penurunan nilai tagihan akseptasi telah                                          impairment losses on acceptance receivables is
         memadai.                                                                                  adequate.

   d.    Informasi mengenai pengelompokan berdasarkan                                        d.    Information in respect of classification of
         kelompok “tidak mengalami penurunan nilai” dan                                            “non-impaired” and “impaired” from sharia
         “mengalami penurunan nilai” untuk aset keuangan                                           Subsidiary are disclosed in Note 62A.
         dari Entitas Anak syariah diungkapkan pada
         Catatan 62A.

   e.    Berdasarkan kolektibilitas sesuai POJK:                                             e.     By collectability based on FSA regulation:

         Kolektibilitas tagihan akseptasi sesuai POJK                                               Collectability of acceptance receivables in
         diungkapkan pada Catatan 65.                                                               accordance with FSA regulation are disclosed in
                                                                                                    Note 65.

16. PENYERTAAN SAHAM                                                                     16. INVESTMENTS IN SHARES

   a.    Rincian      penyertaan         saham         adalah      sebagai                   a.    The detail of investments in shares are as follows:
         berikut:

                                                             31 Desember 2025/             31 Desember 2024/
                                                             31 December 2025              31 December 2024

        Penyertaan saham                                                                                                                           Investments in shares
          Pihak berelasi (Catatan 56)                                         762.254                       1.023.142                         Related parties (Note 56)
          Pihak ketiga                                                      1.586.054                       1.395.592                                      Third parties
        Total                                                               2.348.308                       2.418.734                                                 Total
        Dikurangi: cadangan kerugian                                                                                                                    Less: allowance for
          penurunan nilai                                                      (1.986)                          (1.986 )                               impairment losses
        Neto                                                                2.346.322                       2.416.748                                                        Net




                                                                                   217
Page 1232
                                                                                                                      The original consolidated financial statements
                                                                                                                    included herein are in the Indonesian language.

          PT BANK MANDIRI (PERSERO) Tbk                                                                     PT BANK MANDIRI (PERSERO) Tbk
              DAN ENTITAS ANAKNYA                                                                                 AND ITS SUBSIDIARIES
        CATATAN ATAS LAPORAN KEUANGAN                                                                        NOTES TO THE CONSOLIDATED
                   KONSOLIDASIAN                                                                                 FINANCIAL STATEMENTS
         Tanggal 31 Desember 2025 dan untuk                                                                   As of 31 December 2025 and for
        Tahun Berakhir pada Tanggal Tersebut                                                                     for the Year Then Ended
           (Disajikan dalam jutaan Rupiah,                                                                   (Expressed in millions of Rupiah,
               kecuali dinyatakan lain)                                                                          unless otherwise stated)

16. PENYERTAAN SAHAM (lanjutan)                                                         16. INVESTMENTS IN SHARES (continued)

   a.     Rincian penyertaan                saham       adalah       sebagai                  a.     The detail of investments in shares are as follows:
          berikut: (lanjutan)                                                                        (continued)
                                                                                  31 Desember 2025/31 December 2025                  31 Desember 2024/31 December 2024


                                                                                   Persentase                                         Persentase
                                                                                  Kepemilikan/                                       Kepemilikan/
                                  Jenis Usaha/                                    Percentage of            Nilai Tercatat/           Percentage of                Nilai Tercatat/
                               Nature of Business                                  Ownership              Carrying Amount             Ownership                  Carrying Amount



        Metode nilai wajar:/Fair value method:
          Aktivitas Teknologi Informasi dan Jasa Komputer Lainnya/
              Information Technology Activities and Other Computer Services       0,01% - 17,50%                    978.121           0,01% - 17,50%                     1.145.049
          Lembaga Keuangan Mikro/ Micro Microfinance Institution                  2,17% - 12,47%                    605.138           2,17% - 12,47%                       438.782
          Aktivitas Penunjang Lainnya untuk Asuransi dan Dana Pensiun/
            Other Supporting Activities for Insurance and Pension Funds            1,76% - 14,86%                   101.217           1,76% - 14,86%                            86.013
          Dana Ventura/Venture Funds                                              24,56% - 100,00%                    8.356          24,56% - 100,00%                            9.805
          Portal Web dan/atau Platform Digital dengan Tujuan Komersial/
            Commercial Web Portal and/or Digital Platform                                   7,32%                   172.778                      7,32%                     185.144
          Budidaya Biota Air Tawar Udang/Freshwater Shrimp Aquaculture                      7,13%                    15.790                      7,13%                      43.871
          Jasa Penunjang Pertanian Lainnya/Other Agricultural Support
            Services                                                                        1,60%                     28.834                     1,60%                          37.944
          Penyelenggara Jasa Kliring dan
            Penjaminan/Central Counterpary                                                  1,11%                    20.000                      1,11%                          20.000

                                                                                                                  1.930.234                                              1.966.608


                                                                                       31 Desember 2025/31 December 2025               31 Desember 2024/31 December 2024

                           Nama                                                          Persentase                Nilai               Persentase                     Nilai
                       Perusahaan/                          Jenis Usaha/                Kepemilikan/             Tercatat/            Kepemilikan/                  Tercatat/
                         Investee                              Nature                   Percentage of            Carrying             Percentage of                 Carrying
                       Companies                            of Business                  Ownership               Amount                Ownership                    Amount

        Metode biaya dan ekuitas:/
         Cost and equity method:
         PT Asuransi Jiwa Inhealth Indonesia            Asuransi Jiwa/
                                                        Life Insurance                             20,00%                402.536                20,00%                     436.588
          Lain-lain (masing-masing
            di bawah Rp20.000)/
            Others (each less than
            Rp20,000)                                   Beragam/Various                 0,000001% - 10%                   15.538      0,000001% - 10%                       15.538
                                                                                                                         418.074                                           452.126
        Total metode nilai wajar, metode biaya, dan
          metode ekuitas/
        Total fair value method, cost method, and
          equity method                                                                                                2.348.308                                         2.418.734
        Dikurangi: cadangan kerugian
           penurunan nilai/
           Less: allowance for
           impairment losses                                                                                               (1.986)                                              (1.986)
        Neto/Net                                                                                                        2.346.322                                        2.416.748


   b.     Mutasi cadangan kerugian                      penurunan             nilai           b.     Movements of allowance for impairment losses on
          penyertaan saham:                                                                          investments in shares:

                                                              31 Desember 2025/             31 Desember 2024/
                                                              31 December 2025              31 December 2024

        Saldo awal                                                               1.986                         34.123                                   Beginning balance
        Pembalikan selama tahun                                                                                                                        Reversal during the
          berjalan (Catatan 46)                                                 (1.408)                          (704 )                                  year (Note 46)
        Penghapusbukuan                                                              -                        (32.167 )                                         Write-offs
        Lain-lain*)                                                              1.408                            734                                             Others*)
        Saldo akhir                                                              1.986                          1.986                                          Ending balance

         *)                                                                                          *)
                Termasuk selisih kurs karena penjabaran mata uang asing.                                    Included effect of foreign currency translation.


          Manajemen berpendapat bahwa jumlah cadangan                                                Management believes that the allowance for
          kerugian penurunan nilai penyertaan saham telah                                            impairment losses on investments in shares are
          memadai.                                                                                   adequate.


                                                                                  218
Page 1233
                                                                                                                         The original consolidated financial statements
                                                                                                                       included herein are in the Indonesian language.

          PT BANK MANDIRI (PERSERO) Tbk                                                                    PT BANK MANDIRI (PERSERO) Tbk
              DAN ENTITAS ANAKNYA                                                                                AND ITS SUBSIDIARIES
        CATATAN ATAS LAPORAN KEUANGAN                                                                       NOTES TO THE CONSOLIDATED
                   KONSOLIDASIAN                                                                                FINANCIAL STATEMENTS
         Tanggal 31 Desember 2025 dan untuk                                                                  As of 31 December 2025 and for
        Tahun Berakhir pada Tanggal Tersebut                                                                    for the Year Then Ended
           (Disajikan dalam jutaan Rupiah,                                                                  (Expressed in millions of Rupiah,
               kecuali dinyatakan lain)                                                                         unless otherwise stated)

16. PENYERTAAN SAHAM (lanjutan)                                                        16. INVESTMENTS IN SHARES (continued)

   c.     Berdasarkan kolektibilitas sesuai POJK:                                               c.    By collectability based on FSA regulation:

          Kolektibilitas penyertaan saham sesuai POJK                                                 Collectability of investments in shares in
          diungkapkan pada Catatan 65.                                                                accordance with FSA regulation are disclosed in
                                                                                                      Note 65.

17. BIAYA DIBAYAR DIMUKA                                                               17. PREPAID EXPENSES

                                                                31 Desember 2025/              31 Desember 2024/
                                                                31 December 2025               31 December 2024
  Biaya transaksi treasuri                                                    1.569.210                     1.338.753                                     Treasury transaction fee
  Biaya transaksi kredit                                                      1.235.191                       839.534                                       Loans transaction fee
  Biaya pemeliharaan gedung                                                     757.391                       801.795                                   Building maintenance fee
  Sewa dibayar dimuka                                                           441.632                       325.464                                                  Prepaid rent
  Biaya pemeliharaan sistem                                                     395.567                       219.410                                    System maintenance fee
  Biaya premi asuransi                                                          355.602                       411.497                                 Prepaid insurance premium
  Biaya kepegawaian                                                             224.841                       194.239                                      Employment expenses
  Biaya promosi                                                                  31.574                        69.913                                                Promotion fee
  Biaya jasa profesional                                                         26.622                         8.700                                              Professional fee
  Biaya jasa tenaga kerja pihak ketiga                                            7.321                        31.472                                 Third-party labor service fee
  Lain-lain                                                                     628.087                       586.946                                                       Others

  Total                                                                       5.673.038                     4.827.723                                                               Total


   Biaya transaksi treasuri terkait biaya dibayar                                               Treasury transaction fee related to the upfront
   dimuka atas kontrak call spread option yang akan                                             payment for call spread option contract that will be
   diamortisasi dengan metode garis lurus                                                       amortised using the straight-line method over the
   sepanjang jangka waktu kontrak.                                                              term of contract.

   Sewa dibayar dimuka terutama merupakan sewa                                                  Prepaid rent mostly consists of rentals on buildings
   atas bangunan yang digunakan sebagai kantor                                                  which are used as the Group branch’s offices and
   cabang Grup dan rumah dinas di seluruh                                                       official residence across Indonesia. Group
   Indonesia. Grup mengakui aset hak guna dan                                                   recognises the right-of-use assets and liabilities for
   liabilitas sewa untuk semua sewa dengan kontrak                                              all leases with time contracts, which payable
   jangka waktu tertentu yang dibayar secara                                                    periodically, except for short term list and leases
   periodik, kecuali untuk sewa jangka waktu                                                    with low value underlying assets.
   pendek dan memiliki aset pendasar bernilai
   rendah.

18. ASET TETAP                                                                         18. FIXED ASSETS

   a.     Rincian aset tetap adalah sebagai berikut:                                            a.    The details of fixed assets were as follows:

                                                                       31 Desember 2025/31 December 2025
                                                                                                                         Pengalihan
                                                                                                                       pengendalian
                                    Saldo                                                                               atas entitas
                                   awal*)/                                                                             anak/Control                  Saldo
                                  Beginning     Penambahan/      Revaluasi/   Pengurangan/      Reklasifikasi/          transfer of a               akhir**)/
                                  balance*)      Additions      Revaluation    Deductions      Reclassifications         subsidiary             Ending balance**)

        Biaya perolehan/nilai                                                                                                                                             At cost/revaluation
            revaluasi                                                                                                                                                                value
        Pemilikan langsung                                                                                                                                                  Direct ownership
            Tanah                  42.200.919            974      3.660.457               -               79.918                        -             45.942.268                      Land
            Bangunan               13.226.404        181.860              -            (372)           2.226.831                        -             15.634.723                   Building
            Perlengkapan,                                                                                                                                           Furniture and fixtures,
               peralatan kantor                                                                                                                                       office equipment
               dan komputer        17.381.592        643.049              -        (398.546)           4.229.150               (25.035)               21.830.210         and computer
            Kendaraan bermotor        246.020          6.115              -          (3.345)              14.090                   (16)                  262.864                  Vehicles
            Aset dalam                                                                                                                                                     Construction in
               pembangunan          6.561.618       4.624.306             -         (24.364)          (6.549.989)                           -          4.611.571              progress

                                   79.616.553       5.456.304     3.660.457        (426.627)                       -           (25.051)               88.281.636

        Aset hak guna              10.842.127       4.527.969             -        (450.852)                       -           (50.605)               14.868.639         Right of use assets

                                   90.458.680       9.984.273     3.660.457        (877.479)                       -           (75.656)              103.150.275




                                                                                 219
Page 1234
                                                                                                                            The original consolidated financial statements
                                                                                                                          included herein are in the Indonesian language.

          PT BANK MANDIRI (PERSERO) Tbk                                                                         PT BANK MANDIRI (PERSERO) Tbk
              DAN ENTITAS ANAKNYA                                                                                     AND ITS SUBSIDIARIES
        CATATAN ATAS LAPORAN KEUANGAN                                                                            NOTES TO THE CONSOLIDATED
                   KONSOLIDASIAN                                                                                     FINANCIAL STATEMENTS
         Tanggal 31 Desember 2025 dan untuk                                                                       As of 31 December 2025 and for
        Tahun Berakhir pada Tanggal Tersebut                                                                         for the Year Then Ended
           (Disajikan dalam jutaan Rupiah,                                                                       (Expressed in millions of Rupiah,
               kecuali dinyatakan lain)                                                                              unless otherwise stated)

18. ASET TETAP (lanjutan)                                                                18. FIXED ASSETS (continued)

   a.     Rincian aset tetap adalah sebagai berikut:                                             a.     The details of fixed assets were as follows:
          (lanjutan)                                                                                    (continued)

                                                                        31 Desember 2025/31 December 2025
                                                                                                                            Pengalihan
                                                                                                                          pengendalian
                                     Saldo                                                                                 atas entitas
                                    awal*)/                                                                               anak/Control              Saldo
                                   Beginning     Penambahan/      Revaluasi/   Pengurangan/       Reklasifikasi/           transfer of a           akhir**)/
                                   balance*)      Additions      Revaluation    Deductions       Reclassifications          subsidiary         Ending balance**)

        Akumulasi penyusutan                                                                                                                                       Accumulated depreciation
        Pemilikan langsung                                                                                                                                                  Direct ownership
           Bangunan                  5.464.308         886.809             -             (325)                     68                      -          6.350.860                    Building
           Perlengkapan,                                                                                                                                            Furniture and fixtures,
               peralatan kantor                                                                                                                                      office equipment
               dan komputer         14.347.587       1.590.113             -         (385.576)                     (68)          (16.810)            15.535.246         and computer
           Kendaraan bermotor          216.420          17.241             -           (2.855)                       -               (16)               230.790                   Vehicles

                                    20.028.315       2.494.163             -         (388.756)                       -           (16.826)            22.116.896

        Aset hak guna                7.399.520       2.055.860             -         (456.174)                       -            (28.158)            8.971.048          Right of use assets

                                    27.427.835       4.550.023             -         (844.930)                       -            (44.984)           31.087.944

        Nilai buku neto                                                                                                                                                       Net book value
        Pemilikan langsung                                                                                                                                                 Direct ownership
            Tanah                                                                                                                                    45.942.268                       Land
            Bangunan                                                                                                                                  9.283.863                    Building
            Perlengkapan,                                                                                                                                           Furniture and fixtures,
                peralatan kantor                                                                                                                                     office equipment
                dan komputer                                                                                                                          6.294.964          and computer
            Kendaraan bermotor                                                                                                                           32.074                   Vehicles
            Aset dalam                                                                                                                                                     Construction in
                pembangunan                                                                                                                           4.611.571               progress

                                                                                                                                                     66.164.740
        Aset hak guna                                                                                                                                 5.897.591          Right of use assets

                                                                                                                                                     72.062.331


                                                                                                        *)
          *)     Per tanggal 31 Desember 2024 terdapat aset tanah yang direvaluasi                                As of 31 December 2024 land assets are revaluated to Rp35,818,270
                 sebesar Rp35.818.270 terdiri dari Bank sebesar Rp35.272.112 dan                                  which consist of Bank amounted to Rp35,272,112 and Subsidiaries
                 Entitas Anak sebesar Rp546.158.                                                                  amounted to Rp546,158.
                                                                                                        **)
          **)    Per tanggal 31 Desember 2025 terdapat aset tanah yang direvaluasi                                As of 31 December 2025 and assets are revaluated to Rp39.478.729
                 sebesar Rp39.478.729 terdiri dari Bank sebesar Rp38.932.570 dan                                  which consist of Bank amounted to Rp38,932,570 and Subsidiaries
                 Entitas Anak sebesar Rp546.158                                                                   amounted to Rp546.158.

                                                                          31 Desember 2024/31 December 2024
                                                                                                                            Pengalihan
                                                                                                                          pengendalian
                                     Saldo                                                                                 atas entitas
                                    awal*)/                                                                               anak/Control              Saldo
                                   Beginning     Penambahan/      Revaluasi/   Pengurangan/       Reklasifikasi/           transfer of a           akhir**)/
                                   balance*)      Additions      Revaluation    Deductions       Reclassifications          subsidiary         Ending balance**)

        Biaya perolehan/nilai                                                                                                                                             At cost/revaluation
            revaluasi                                                                                                                                                                value
        Pemilikan langsung                                                                                                                                                  Direct ownership
            Tanah                   41.417.725         242.038       114.050                -                  427.106                     -         42.200.919                       Land
            Bangunan                11.897.086         266.238             -           (4.887)               1.067.967                     -         13.226.404                    Building
            Perlengkapan,                                                                                                                                           Furniture and fixtures,
               peralatan kantor                                                                                                                                      office equipment
               dan komputer         15.587.063         768.293             -         (115.385)               1.244.818           (103.197)           17.381.592         and computer
            Kendaraan bermotor         247.039           1.705             -           (1.185)                       -             (1.539)              246.020                   Vehicles
            Aset dalam                                                                                                                                                     Construction in
               pembangunan           4.438.613       4.863.277             -                -           (2.739.891)                  (381)            6.561.618               progress

                                    73.587.526       6.141.551       114.050         (121.457)                       -           (105.117)           79.616.553

        Aset hak guna                8.727.505       2.605.544             -         (409.124)                       -            (81.798)           10.842.127          Right of use assets

                                    82.315.031       8.747.095       114.050         (530.581)                       -           (186.915)           90.458.680

        Akumulasi penyusutan                                                                                                                                       Accumulated depreciation
        Pemilikan langsung                                                                                                                                                  Direct ownership
           Bangunan                  4.761.830         703.431             -             (953)                       -                     -          5.464.308                    Building
           Perlengkapan,                                                                                                                                            Furniture and fixtures,
               peralatan kantor                                                                                                                                      office equipment
               dan komputer         13.482.213       1.032.447             -          (86.526)                       -            (80.547)           14.347.587         and computer
           Kendaraan bermotor          201.904          16.978             -             (923)                       -             (1.539)              216.420                   Vehicles

                                    18.445.947       1.752.856             -          (88.402)                       -            (82.086)           20.028.315

        Aset hak guna                5.891.377       1.969.965             -         (406.945)                       -            (54.877)            7.399.520          Right of use assets

                                    24.337.324       3.722.821             -         (495.347)                       -           (136.963)           27.427.835




                                                                                  220
Page 1235
                                                                                                                    The original consolidated financial statements
                                                                                                                  included herein are in the Indonesian language.

          PT BANK MANDIRI (PERSERO) Tbk                                                                   PT BANK MANDIRI (PERSERO) Tbk
              DAN ENTITAS ANAKNYA                                                                               AND ITS SUBSIDIARIES
        CATATAN ATAS LAPORAN KEUANGAN                                                                      NOTES TO THE CONSOLIDATED
                   KONSOLIDASIAN                                                                               FINANCIAL STATEMENTS
         Tanggal 31 Desember 2025 dan untuk                                                                 As of 31 December 2025 and for
        Tahun Berakhir pada Tanggal Tersebut                                                                   for the Year Then Ended
           (Disajikan dalam jutaan Rupiah,                                                                 (Expressed in millions of Rupiah,
               kecuali dinyatakan lain)                                                                        unless otherwise stated)

18. ASET TETAP (lanjutan)                                                              18. FIXED ASSETS (continued)

   a.     Rincian aset tetap adalah sebagai berikut:                                          a.    The details of fixed assets were as follows:
          (lanjutan)                                                                                (continued)

                                                                         31 Desember 2024/31 December 2024
                                                                                                                    Pengalihan
                                                                                                                  pengendalian
                                     Saldo                                                                         atas entitas
                                    awal*)/                                                                       anak/Control          Saldo
                                   Beginning    Penambahan/      Revaluasi/   Pengurangan/    Reklasifikasi/       transfer of a       akhir**)/
                                   balance*)     Additions      Revaluation    Deductions    Reclassifications      subsidiary     Ending balance**)

        Nilai buku neto                                                                                                                                          Net book value
        Pemilikan langsung                                                                                                                                     Direct ownership
            Tanah                                                                                                                        42.200.919                      Land
            Bangunan                                                                                                                      7.762.096                   Building
            Perlengkapan,                                                                                                                              Furniture and fixtures,
                peralatan kantor                                                                                                                        office equipment
                dan komputer                                                                                                              3.034.005         and computer
            Kendaraan bermotor                                                                                                               29.600                  Vehicles
            Aset dalam                                                                                                                                        Construction in
                pembangunan                                                                                                               6.561.618              progress

                                                                                                                                         59.588.238
        Aset hak guna                                                                                                                     3.442.607        Right of use assets

                                                                                                                                         63.030.845


                                                                                                    *)
         *)      Per tanggal 31 Desember 2023 terdapat aset tanah yang direvaluasi                         As of 31 December 2023, land assets are revaluated to Rp35,704,220
                 sebesar Rp35.704.220 terdiri dari Bank sebesar Rp35.272.112 dan                           which consist of Bank amounted to Rp35,272,112 and Subsidiaries
                 Entitas Anak sebesar Rp432.108.                                                           amounted to Rp432,108.
                                                                                                    **)
         **)     Per tanggal 31 Desember 2024 terdapat aset tanah yang direvaluasi                         As of 31 December 2024 land assets are revaluated to Rp35,818,270
                 sebesar Rp35.818.270 terdiri dari Bank sebesar Rp35.272.112 dan                           which consist of Bank amounted to Rp35,272,112 and Subsidiaries
                 Entitas Anak sebesar Rp546.158.                                                           amounted to Rp546,158.


          Rincian aset dalam pembangunan adalah sebagai                                             Details of construction in progress assets are as
          berikut:                                                                                  follows:
                                                               31 Desember 2025/             31 Desember 2024/
                                                               31 December 2025              31 December 2024

        Bangunan                                                              4.424.864                   4.413.808                                        Buildings
        Komputer dan perangkat keras                                                                                                           Computers and other
          lainnya yang belum                                                                                                                        hardware that
          terinstalasi                                                         119.887                    2.007.323                        have not been installed
        Tanah                                                                    8.954                        7.303                                             Land
        Perlengkapan dan inventaris kantor                                      56.932                       52.889                  Office equipment and inventory
        Kendaraan bermotor                                                           -                           22                                        Vehicles
        Lain-lain                                                                  934                       80.273                                          Others

                                                                              4.611.571                   6.561.618


          Estimasi persentase tingkat penyelesaian aset                                             The estimated percentage of completion of
          dalam pembangunan pada tanggal 31 Desember                                                construction in progress as of 31 December 2025
          2025 dan 2024 untuk komputer dan perangkat                                                and 2024 for computers and other hardware that
          keras lainnya yang belum terinstalasi adalah                                              have not been installed was ranging between 5% -
          masing-masing berkisar 5% - 85%.                                                          85%, respectively.




                                                                                 221
Page 1236
                                                                                                             The original consolidated financial statements
                                                                                                           included herein are in the Indonesian language.

          PT BANK MANDIRI (PERSERO) Tbk                                                           PT BANK MANDIRI (PERSERO) Tbk
              DAN ENTITAS ANAKNYA                                                                       AND ITS SUBSIDIARIES
        CATATAN ATAS LAPORAN KEUANGAN                                                              NOTES TO THE CONSOLIDATED
                   KONSOLIDASIAN                                                                       FINANCIAL STATEMENTS
         Tanggal 31 Desember 2025 dan untuk                                                         As of 31 December 2025 and for
        Tahun Berakhir pada Tanggal Tersebut                                                           for the Year Then Ended
           (Disajikan dalam jutaan Rupiah,                                                         (Expressed in millions of Rupiah,
               kecuali dinyatakan lain)                                                                unless otherwise stated)

18. ASET TETAP (lanjutan)                                                       18. FIXED ASSETS (continued)

   a.    Rincian aset tetap adalah sebagai berikut:                                    a.    The details of fixed assets were as follows:
         (lanjutan)                                                                          (continued)

         Aset hak guna sebagai berikut:                                                      Right of use assets are as follows:
                                                                  31 Desember 2025/31 December 2025
                                                                                                        Pengalihan
                                                                                                       pengendalian
                                                                                                        atas entitas
                                  Saldo awal/                                                              anak/
                                  Beginning       Penambahan/      Pengurangan/      Reklasifikasi/   Control transfer    Saldo akhir/
                                   balance          Additions       Deductions      Reclassifications of a subsidiary    Ending balance
        Biaya perolehan                                                                                                                                       At cost
          Bangunan                    8.649.682       4.067.336         (427.968)                  -          (50.605)       12.238.445                  Building
          Perlengkapan,                                                                                                                    Furniture and fixtures,
              peralatan kantor                                                                                                              office equipment
              dan komputer              713.982        297.097            (2.342)                  -                -          1.008.737        and computer
          Kendaraan bermotor          1.478.463        163.536           (20.542)                  -                -          1.621.457                Vehicles

                                     10.842.127       4.527.969         (450.852)                  -          (50.605)       14.868.639

        Akumulasi penyusutan                                                                                                               Accumulated depreciation
         Bangunan                     6.091.949       1.592.637         (433.094)                  -          (28.158)         7.223.334                 Building
         Perlengkapan,                                                                                                                     Furniture and fixtures,
             peralatan kantor                                                                                                                office equipment
             dan komputer               200.851        204.368              (115)                  -                -            405.104         and computer
         Kendaraan bermotor           1.106.720        258.855           (22.965)                  -                -          1.342.610                 Vehicles

                                      7.399.520       2.055.860         (456.174)                  -          (28.158)        8.971.048

        Nilai buku neto                                                                                                                               Net book value
            Bangunan                                                                                                           5.015.111                 Building
            Perlengkapan,                                                                                                                   Furniture and fixtures
               peralatan kantor                                                                                                                office equipment
               dan komputer                                                                                                     603.633         and computer
            Kendaraan bermotor                                                                                                  278.847                  Vehicles

                                                                                                                               5.897.591



                                                                  31 Desember 2024/31 December 2024
                                                                                                        Pengalihan
                                                                                                       pengendalian
                                                                                                        atas entitas
                                  Saldo awal/                                                              anak/
                                  Beginning       Penambahan/      Pengurangan/      Reklasifikasi/   Control transfer    Saldo akhir/
                                   balance          Additions       Deductions      Reclassifications of a subsidiary    Ending balance
        Biaya perolehan                                                                                                                                       At cost
          Bangunan                    7.355.549       1.670.431         (294.500)                  -          (81.798)         8.649.682                 Building
          Perlengkapan,                                                                                                                    Furniture and fixtures,
              peralatan kantor                                                                                                              office equipment
              dan komputer               59.212        654.770                  -                  -                -            713.982        and computer
          Kendaraan bermotor          1.312.744        280.343          (114.624)                  -                -          1.478.463                Vehicles

                                      8.727.505       2.605.544         (409.124)                  -          (81.798)       10.842.127

        Akumulasi penyusutan                                                                                                               Accumulated depreciation
         Bangunan                     4.885.331       1.553.827         (292.332)                  -          (54.877)         6.091.949                 Building
         Perlengkapan,                                                                                                                     Furniture and fixtures,
             peralatan kantor                                                                                                                office equipment
             dan komputer                43.728        157.123                  -                  -                -            200.851         and computer
         Kendaraan bermotor             962.318        259.015          (114.613)                  -                -          1.106.720                 Vehicles

                                      5.891.377       1.969.965         (406.945)                  -          (54.877)         7.399.520

        Nilai buku neto                                                                                                                               Net book value
            Bangunan                                                                                                          2.557.733                  Building
            Perlengkapan,                                                                                                                   Furniture and fixtures
               peralatan kantor                                                                                                                office equipment
               dan komputer                                                                                                     513.131         and computer
            Kendaraan bermotor                                                                                                  371.743                  Vehicles

                                                                                                                              3.442.607




                                                                          222
Page 1237
                                                                                               The original consolidated financial statements
                                                                                             included herein are in the Indonesian language.

          PT BANK MANDIRI (PERSERO) Tbk                                               PT BANK MANDIRI (PERSERO) Tbk
              DAN ENTITAS ANAKNYA                                                           AND ITS SUBSIDIARIES
        CATATAN ATAS LAPORAN KEUANGAN                                                  NOTES TO THE CONSOLIDATED
                   KONSOLIDASIAN                                                           FINANCIAL STATEMENTS
         Tanggal 31 Desember 2025 dan untuk                                             As of 31 December 2025 and for
        Tahun Berakhir pada Tanggal Tersebut                                               for the Year Then Ended
           (Disajikan dalam jutaan Rupiah,                                             (Expressed in millions of Rupiah,
               kecuali dinyatakan lain)                                                    unless otherwise stated)

18. ASET TETAP (lanjutan)                                             18. FIXED ASSETS (continued)

   a.    Rincian aset tetap adalah sebagai berikut:                        a.      The details of fixed assets were as follows:
         (lanjutan)                                                                (continued)

         Tabel berikut menyajikan beban hak guna yang                              The table below shows the right of use expenses in
         dilaporkan dalam laporan laba rugi konsolidasian:                         consolidated statement of profit or loss:
                                                     31 Desember 2025/31 December 2025

                                                                                       Beban yang
                                                  Beban               Beban           berhubungan
                                               penyusutan          bunga atas         dengan sewa
                                                 aset hak       liabilitas sewa/     jangka pendek/
                                                  guna/              Interest           Expenses
                                              Depreciation of       expenses            related to
                                               right of use          of lease           short term
                                                  assets            liabilities           lease

        Bangunan                                    1.592.637            52.185              10.834                                      Building
        Perlengkapan, peralatan kantor                                                                   Furniture and fixture, office equipment
          dan komputer                                204.368            66.717               2.708                             and computer
        Kendaraan bermotor                            258.855            26.736               5.418                                      Vehicles

        Total yang diakui dalam                                                                             Total recognised in consolidated
            laporan laba rugi konsolidasian         2.055.860           145.638              18.960             statement of profit or loss


                                                     31 Desember 2024/31 December 2024

                                                                                       Beban yang
                                                  Beban               Beban           berhubungan
                                               penyusutan          bunga atas         dengan sewa
                                                 aset hak       liabilitas sewa/     jangka pendek/
                                                  guna/              Interest           Expenses
                                              Depreciation of       expenses            related to
                                               right of use          of lease           short term
                                                  assets            liabilities           lease

        Bangunan                                    1.553.827            45.790              12.713                                      Building
        Perlengkapan, peralatan kantor                                                                   Furniture and fixture, office equipment
          dan komputer                                157.123            58.300               3.771                             and computer
        Kendaraan bermotor                            259.015            24.317               3.416                                      Vehicles

        Total yang diakui dalam                                                                             Total recognised in consolidated
          laporan laba rugi konsolidasian           1.969.965           128.407              19.900             statement of profit or loss


         Bank menyewa beberapa aset termasuk                                       Bank entered into rental agreement for a number of
         kendaraan, rumah dinas, gedung kantor, ruang                              assets including vehicle, office house, office
         ATM dan lain-lain. Rata-rata masa sewa adalah                             building, ATM spaces and others. The average
         2 (dua) tahun.                                                            lease term is 2 (two) years.
         Bank juga memiliki sewa tertentu dengan masa                              Bank also has certain lease with leases terms 12
         sewa 12 bulan atau kurang dan sewa aset bernilai                          months or less and low value underlying asset.
         rendah. Bank menerapkan pengecualian untuk                                Bank applied the exception for the short term leases
         sewa jangka pendek dan sewa bernilai rendah                               and low value leases.
         untuk sewa tersebut.

   b.    Lain-lain                                                        b.       Others
         1.    Perjanjian   Kerjasama Pembangunan,                                 1. The Joint Agreement of Build, Operate,
               Pengoperasian dan Penyerahan (Build,                                    Transfer
               Operate, Transfer)

               Pada      tanggal   28    Desember      2018                            On 28 December 2018, the Bank has signed
               telah ditandatangani Perjanjian Kerjasama                               the joint agreement of Build, Operate, and
               Pembangunan,         Pengoperasian       dan                            Transfer for asset at Jl. Proklamasi
               Penyerahan (Build, Operate, Transfer) atas                              No. 31 Jakarta for 27 years period with
               aset di Jalan Proklamasi No. 31 Jakarta untuk                           PT Wijaya Karya Bangunan Gedung Tbk in
               jangka waktu 27 tahun dengan Mitra                                      order to optimize the strategic assets of Bank
               Kerjasama PT Wijaya Karya Bangunan                                      Mandiri by prioritizing the cooperation through
               Gedung Tbk dalam rangka optimalisasi aset                               SOE synergy.
               strategis milik Bank Mandiri dengan
               mengutamakan kerjasama sinergi BUMN.
                                                                223
Page 1238
                                                                                       The original consolidated financial statements
                                                                                     included herein are in the Indonesian language.

          PT BANK MANDIRI (PERSERO) Tbk                                         PT BANK MANDIRI (PERSERO) Tbk
              DAN ENTITAS ANAKNYA                                                     AND ITS SUBSIDIARIES
        CATATAN ATAS LAPORAN KEUANGAN                                            NOTES TO THE CONSOLIDATED
                   KONSOLIDASIAN                                                     FINANCIAL STATEMENTS
         Tanggal 31 Desember 2025 dan untuk                                       As of 31 December 2025 and for
        Tahun Berakhir pada Tanggal Tersebut                                         for the Year Then Ended
           (Disajikan dalam jutaan Rupiah,                                       (Expressed in millions of Rupiah,
               kecuali dinyatakan lain)                                              unless otherwise stated)

18. ASET TETAP (lanjutan)                                        18. FIXED ASSETS (continued)

   b.    Lain-lain (lanjutan)                                       b.     Others (continued)
         2.    Revaluasi                                                   2.   Revaluation

               Revaluasi Tahun 2015 - 2016                                      Revaluation Year 2015 - 2016

               Berdasarkan Peraturan Menteri Keuangan                           Based on Minister of Finance of the Republic of
               Republik            Indonesia        (PMK)                       Indonesia            Regulation          (PMK)
               No. 191/PMK.010/2015 tanggal 15 Oktober                          No. 191/PMK.010/2015 dated 15 October
               2015 tentang Penilaian Kembali Aktiva Tetap                      2015 regarding Revaluation of Fixed Assets for
               Untuk Tujuan Perpajakan Bagi Permohonan                          Tax Purposes for Applications Filed in 2015
               yang Diajukan Pada Tahun 2015 dan Tahun                          and 2016, with the first amendment through the
               2016, dengan perubahan pertama melalui                           Minister       of       Finance     Regulation
               Peraturan      Menteri      Keuangan    No.                      No. 233/PMK.03/2015 dated 21 December
               233/PMK.03/2015 tanggal 21 Desember                              2015 and the second amendment of the
               2015 dan perubahan kedua Peraturan                               Minister       of       Finance     Regulation
               Menteri Keuangan No. 29/PMK.03/2016                              No. 29/PMK.03/2016 dated 19 February 2016.
               tanggal 19 Februari 2016. Grup telah                             The      Group     has    assigned   registered
               menugaskan perusahaan jasa penilai                               independent appraisers to assess (revaluate)
               terdaftar untuk melaksanakan penilaian                           its fixed asset (land).
               (revaluasi) aset tetap atas tanah.
               Penilaian atas tanah dilakukan oleh penilai                      The valuations of land are performed by the
               independen eksternal Kantor Jasa Penilai                         external independent appraisers, Public
               Publik (KJPP) Amin, Nirwan, Alfiantori dan                       Appraiser Firm (KJPP) Amin, Nirwan, Alfiantori
               Rekan (ANA) dan KJPP Muttaqin, Bambang,                          and Partners (ANA) and KJPP Muttaqin,
               Purwanto, Rozak, Uswatun dan Rekan                               Bambang, Purwanto, Rozak, Uswatun and
               (MBPRU). Penilaian dilakukan sesuai dengan                       Partners (MBPRU). Appraisals are performed
               dan tunduk kepada ketentuan-ketentuan dari                       based on the Concept and General Principles
               Konsep dan Prinsip Umum Penilaian (KPUP)                         of Appraisers (KPUP) article 17 in Indonesian
               poin 17 dalam Standar Penilaian Indonesia                        Appraisal Standards (SPI) year 2015.
               (SPI) tahun 2015.
               Dalam pengukuran nilai wajar tanah, KJPP                         In the fair value measurement of the land, the
               memperhitungkan kemampuan peserta pasar                          KJPP consider market participants ability to
               untuk menghasilkan manfaat ekonomi                               generate economic benefits by using the
               dengan penggunaan tertinggi dan terbaik                          assets in its highest and best use or by selling
               atas aset atau dengan menjual aset ke                            it to another market participant that would use
               peserta pasar lain yang akan menggunakan                         the asset in its highest and best use. The
               aset pada kondisi tertinggi dan penggunaan                       valuation method used by the KJPP are market
               terbaik. Metode penilaian yang digunakan                         approach and cost approach.
               oleh KJPP adalah pendekatan pasar dan
               pendekatan biaya.
               Berdasarkan Laporan Penilaian dari KJPP                          Based on the Assessment Report of the KJPP
               MBPRU tanggal 21 Desember 2015 atas aset                         MBPRU dated 21 December 2015 on land of
               tanah di Entitas Anak dan 11 April 2016 atas                     Subsidiaries and 11 April 2016 on land of the
               aset tanah Bank, yang ditandatangani oleh Ir.                    Bank, signed by Ir. Muhammad A. Mutaqin,
               Muhammad A. Mutaqin, M.Sc.,Mappi (Cert.)                         M.Sc.,Mappi (Cert.) and KJPP ANA dated
               serta KJPP ANA tanggal 13 April 2016 atas                        13 April 2016 on land of the Bank signed by
               aset tanah Bank yang ditandatangani oleh Ir.                     Ir. Muhammad Amin, M.Sc., Mappi (Cert.), the
               Muhammad Amin, M.Sc., Mappi (Cert.), nilai                       value of fixed assets and its increase are as
               aset tetap berikut mengalami kenaikan nilai                      follows:
               adalah sebagai berikut:
                                                                                           Kenaikan nilai
                                                                                         (sebelum pajak)/
                                    Nilai pasar/               Nilai buku/               Increase in value
                Aset tetap          Fair value                 Book value                   (before tax)            Fixed assets
              Tanah                        28.822.150                    2.880.116                 25.942.034                 Land



                                                           224
Page 1239
                                                                                      The original consolidated financial statements
                                                                                    included herein are in the Indonesian language.

          PT BANK MANDIRI (PERSERO) Tbk                                        PT BANK MANDIRI (PERSERO) Tbk
              DAN ENTITAS ANAKNYA                                                    AND ITS SUBSIDIARIES
        CATATAN ATAS LAPORAN KEUANGAN                                           NOTES TO THE CONSOLIDATED
                   KONSOLIDASIAN                                                    FINANCIAL STATEMENTS
         Tanggal 31 Desember 2025 dan untuk                                      As of 31 December 2025 and for
        Tahun Berakhir pada Tanggal Tersebut                                        for the Year Then Ended
           (Disajikan dalam jutaan Rupiah,                                      (Expressed in millions of Rupiah,
               kecuali dinyatakan lain)                                             unless otherwise stated)

18. ASET TETAP (lanjutan)                                         18. FIXED ASSETS (continued)

   b.    Lain-lain (lanjutan)                                        b.   Others (continued)

         2.    Revaluasi (lanjutan)                                       2.   Revaluation (continued)

               Revaluasi Tahun 2015 - 2016 (lanjutan)                          Revaluation Year 2015 - 2016 (continued)

               Untuk menentukan nilai pasar tersebut, KJPP                     To determine the fair value, KJPP ANA and
               ANA dan KJPP MBPRU menggunakan                                  KJPP MBPRU uses the assessment to
               metodologi penilaian Pendekatan Pasar                           methodology of Market Approach SPI
               (Market Approach) SPI 2015-KPUP 17                              2015-KPUP 17 with direct comparison method.
               dengan metode perbandingan langsung.

               Hasil revaluasi aset tetap untuk Bank tersebut                  The results of revaluation of fixed assets of the
               telah disetujui oleh Direktorat Jenderal Pajak                  Bank were approved by the Directorate
               (DJP) melalui Kepala Kantor Wilayah DJP                         General of Taxes (DGT) through the Head of
               Wajib Pajak Besar melalui Surat Keputusan                       Regional Office Large Tax Payer through
               No. KEP-418/WPJ.19/2016 tanggal 25 Mei                          Decree No. KEP-418/WPJ.19/2016 dated
               2016. Hasil revaluasi aset tetap Entitas Anak                   25 May 2016. The results of revaluation of fixed
               juga telah disetujui oleh DJP pada tanggal                      assets of Subsidiaries had been approved by
               8 Januari 2016.                                                 the DGT on 8 January 2016.

               Revaluasi Tahun 2019                                            Revaluation Year 2019

               Di tahun 2019, Bank melakukan penilaian                         In 2019, Bank has performed land revaluation.
               kembali atas tanah. Penilaian atas tanah                        The valuation of land was performed by
               dilakukan   oleh    penilaian  independen                       external independent appraisers of the KJPP
               eksternal KJPP Yanuar Bey dan Rekan dan                         Yanuar Bey and Partners and KJPP Iwan
               KJPP Iwan Bachron dan Rekan. Penilaian                          Bachron and Partners. The assessment was
               dilakukan sesuai dengan dan tunduk kepada                       performed in accordance with and subject to
               ketentuan-ketentuan dari Konsep dan Prinsip                     the provisions of the General Assessment
               Umum Penilaian poin 17 dalam SPI tahun                          Concepts and Principles article 17 in the SPI of
               2018.                                                           year 2018.

               Dalam pengukuran nilai wajar tanah, KJPP                        In the fair value measurement of the land, the
               memperhitungkan kemampuan peserta pasar                         KJPP takes into account the market
               untuk menghasilkan manfaat ekonomi                              participants’ ability to generate economic
               dengan penggunaan tertinggi dan terbaik                         benefits to the highest and best use of the
               atas aset atau dengan menjual aset ke                           assets or by selling assets to other market
               peserta pasar lain yang akan menggunakan                        participants would use the asset on the highest
               aset pada kondisi tertinggi dan penggunaan                      and best use condition. The valuation methods
               terbaik. Metode penilaian yang digunakan                        used by KJPP are the market approach,
               oleh KJPP adalah pendekatan pasar,                              income approach and cost approach.
               pendekatan pendapatan dan pendekatan
               biaya.

               Berdasarkan Laporan Penilaian dari KJPP                         Based on the Appraisal Report of KJPP Yanuar
               Yanuar Bey tanggal 8 Juli 2019 yang                             Bey on 8 July 2019 signed by Dasa'at Alam
               ditandatangani oleh Dasa'at Alam Ratu, S.P.,                    Ratu, S.P.,, MAPPI (Cert.) and KJPP Iwan
               MAPPI (Cert.) dan KJPP Iwan Bachron                             Bachron on 9 August 2019 signed by Iwan
               tanggal 9 Agustus 2019 yang ditandatangani                      Bahron, M.Ec.Dev., MAPPI (Cert.), the value of
               oleh Iwan Bahron, M.Ec.Dev., MAPPI (Cert.),                     fixed assets and its value increase are as
               nilai aset tetap berikut kenaikan nilainya                      follows:
               adalah sebagai berikut:

                                                                                         Kenaikan nilai
                                                                                       (sebelum pajak)/
                                      Nilai pasar/              Nilai buku/            Increase in value
               Aset tetap             Fair value                Book value                (before tax)            Fixed assets

              Tanah                         33.596.578               29.725.630                   3.870.948                 Land



                                                            225
Page 1240
                                                                                     The original consolidated financial statements
                                                                                   included herein are in the Indonesian language.

          PT BANK MANDIRI (PERSERO) Tbk                                       PT BANK MANDIRI (PERSERO) Tbk
              DAN ENTITAS ANAKNYA                                                   AND ITS SUBSIDIARIES
        CATATAN ATAS LAPORAN KEUANGAN                                          NOTES TO THE CONSOLIDATED
                   KONSOLIDASIAN                                                   FINANCIAL STATEMENTS
         Tanggal 31 Desember 2025 dan untuk                                     As of 31 December 2025 and for
        Tahun Berakhir pada Tanggal Tersebut                                       for the Year Then Ended
           (Disajikan dalam jutaan Rupiah,                                     (Expressed in millions of Rupiah,
               kecuali dinyatakan lain)                                            unless otherwise stated)

18. ASET TETAP (lanjutan)                                       18. FIXED ASSETS (continued)

   b.    Lain-lain (lanjutan)                                       b.   Others (continued)
         2.    Revaluasi (lanjutan)                                      2.   Revaluation (continued)
               Revaluasi Tahun 2019 (lanjutan)                                Revaluation Year 2019 (continued)
               Untuk menentukan nilai pasar tersebut, KJPP                    To determine the fair value, KJPP Yanuar Bey
               Yanuar Bey dan rekan dan KJPP Iwan                             and partners and KJPP Iwan Bachron and
               Bachron dan rekan menggunakan metodologi                       partners use the market approach methodology
               penilaian  Pendekatan     Pasar     (Market                    of SPI 2018-KPUP 15.2 using direct
               Approach) SPI 2018-KPUP 15.2 dengan                            comparison method.
               metode perbandingan langsung.
               Revaluasi Tahun 2022                                           Revaluation Year 2022
               Di tahun 2022, Bank melakukan penilaian                        In year 2022, the Bank performed revaluations
               kembali atas tanah. Penilaian atas tanah                       of land. The valuations of land was performed
               dilakukan   oleh    penilaian  independen                      by external independent appraisers of the
               eksternal   KJPP     Muttaqin,   Bambang,                      KJPP Muttaqin, Bambang, Purwanto, Rozak,
               Purwanto, Rozak, Uswatun dan Rekan dan                         Uswatun and Partners, and Dasa'at Yudistira
               Dasa’at Yudistira dan Rekan. Penilaian                         and Partners. The valuations are performed in
               dilakukan sesuai dengan dan tunduk kepada                      accordance with and subject to the provisions
               ketentuan-ketentuan dari Konsep dan Prinsip                    of the General Concepts and Principles of
               Umum Penilaian poin 17 dalam tahun 2018.                       Assessment article 17 in the SPI of year 2018.
               Dalam pengukuran nilai wajar tanah, KJPP                       In assessing the fair value of land, KJPP takes
               memperhitungkan kemampuan peserta pasar                        into account the ability of market participants to
               untuk menghasilkan manfaat ekonomi                             generate economic benefits with the highest
               dengan penggunaan tertinggi dan terbaik                        and best use of assets or by selling assets to
               atas aset atau dengan menjual aset ke                          other market participants who will use assets
               peserta pasar lain yang akan menggunakan                       in the highest conditions and best use. The
               aset pada kondisi tertinggi dan penggunaan                     valuation method used by KJPP is the market
               terbaik. Metode penilaian yang digunakan                       approach, income approach and cost
               oleh KJPP adalah pendekatan pasar,                             approach.
               pendekatan pendapatan dan pendekatan
               biaya.
               Berdasarkan Laporan Penilaian dari KJPP                        Based on the Appraisal Report from, KJPP
               Muttaqin Bambang Purwanto Rozak Uswatun                        Muttaqin, Bambang, Purwanto, Rozak,
               dan Rekan (yang ditandatangani oleh Ir.                        Uswatun and Partners (Signed by Ir.
               Muhammad Adil Muttaqin, M.Sc., MAPPI                           Muhammad Adil Muttaqin, M.Sc., MAPPI
               (Cert) dengan nomor Surat Tanda Terdaftar                      (Cert)      with       Registered         Letter
               (STTD) STTD.PP-83/PM.2/2018) tertanggal                        (STTD)       STTD.PP-83/PM.2/2018)           on
               16 Desember 2022 dan KJPP Dasa’at                              16 December 2022 and KJPP Dasa'at
               Yudistira dan Rekan (yang ditandatangani                       Yudistira and Partners (Signed by Dasa’at
               oleh Dasa’at Alam Ratu, S.P., MAPPI (Cert)                     Alam Ratu, S.P., MAPPI (Cert) with Registered
               dengan      nomor      (STTD)     STTD.PP-                     Letter (STTD) STTD.PP-83/PM.2/2018) on 16
               83/PM.2/2018) tertanggal 16 Desember 2022                      December 2022 and and KJPP Dasa'at
               dan KJPP Dasa’at Yudistira dan Rekan (yang                     Yudistira and Partners (Signed by Dasa’at
               ditandatangani oleh Dasa;at Alam Ratu, S.P.,                   Alam Ratu, S.P., MAPPI (Cert) with Registered
               MAPPI (Cert) dengan nomor (STTD)                               Letter (STTD) STTD.PP-93/PM.2/2018) on
               STTD.PP93/PM.2/2018)              tertanggal                   19 December 2022 the value of fixed assets
               19 Desember 2022, nilai aset tetap berikut                     and the increase in value are as follows:
               kenaikan nilainya adalah sebagai berikut:
                                                                                          Kenaikan nilai
                                                                                        (sebelum pajak)/
                                      Nilai pasar/              Nilai buku/             Increase in value
                Aset tetap            Fair value                Book value                 (before tax)            Fixed assets
              Tanah                       38.639.890                34.074.142                   4.565.748                 Land



                                                          226
Page 1241
                                                                                         The original consolidated financial statements
                                                                                       included herein are in the Indonesian language.

          PT BANK MANDIRI (PERSERO) Tbk                                          PT BANK MANDIRI (PERSERO) Tbk
              DAN ENTITAS ANAKNYA                                                      AND ITS SUBSIDIARIES
        CATATAN ATAS LAPORAN KEUANGAN                                             NOTES TO THE CONSOLIDATED
                   KONSOLIDASIAN                                                      FINANCIAL STATEMENTS
         Tanggal 31 Desember 2025 dan untuk                                        As of 31 December 2025 and for
        Tahun Berakhir pada Tanggal Tersebut                                          for the Year Then Ended
           (Disajikan dalam jutaan Rupiah,                                        (Expressed in millions of Rupiah,
               kecuali dinyatakan lain)                                               unless otherwise stated)

18. ASET TETAP (lanjutan)                                           18. FIXED ASSETS (continued)

   b.    Lain-lain (lanjutan)                                          b.   Others (continued)
         2.    Revaluasi (lanjutan)                                         2.   Revaluation (continued)
               Revaluasi Tahun 2022 (lanjutan)                                   Revaluation Year 2022 (continued)
               Untuk menentukan nilai pasar tersebut, KJPP                       To determine market value, the Public
               Muttaqin, Bambang, Purwanto, Rozak,                               Appraiser Firm (KJPP) Muttaqin, Bambang,
               Uswatun dan Rekan dan KJPP Dasa’at                                Purwanto, Rozak, Uswatun and Partners and
               Yudistira  dan    Rekan       menggunakan                         KJPP Dasa’at Yudistira and Partners use
               metodologi penilaian Pendekatan Pasar                             Market Approach methodology of SPI 2018-
               (Market Approach) SPI 2018-KPUP 15.2                              KPUP 15.2 with direct comparison method.
               dengan metode perbandingan langsung.
               Revaluasi Tahun 2025                                              Revaluation Year 2025
               Di tahun 2025, Bank melakukan penilaian                            In 2025, the Bank conducted a revaluation of
               kembali atas tanah. Penilaian atas tanah                           land. The land valuation was carried out by
               dilakukan oleh penilai independen eksternal                        independent external appraisers Dasa’at
               Dasa’at Yudistira dan Rekan dan Iwan                               Yudistira and Rekan and Iwan Bachron and
               Bachron dan Rekan. Penilaian dilakukan                             Rekan. The valuation was performed in
               sesuai dengan dan tunduk kepada ketentuan-                         accordance with and subject to the provisions
               ketentuan dari Konsep dan Prinsip Umum                             of the General Valuation Concepts and
               Penilaian poin 17 dalam tahun 2018.                                Principles, point 17, issued in 2018.
               Dalam pengukuran nilai wajar tanah, KJPP                          In measuring the fair value of land, the Public
               memperhitungkan kemampuan peserta pasar                           Appraisal Firm (KJPP) considers the ability of
               untuk menghasilkan manfaat ekonomi                                market participants to generate economic
               dengan penggunaan tertinggi dan terbaik                           benefits through the highest and best use of the
               atas aset atau dengan menjual aset ke                             asset or by selling the asset to other market
               peserta pasar lain yang akan menggunakan                          participants who would use the asset under its
               aset pada kondisi tertinggi dan penggunaan                        highest and best use. The valuation methods
               terbaik. Metode penilaian yang digunakan                          applied by the KJPP include the market
               oleh KJPP adalah pendekatan pasar,                                approach, income approach, and cost
               pendekatan pendapatan dan pendekatan                              approach.
               biaya.
               Berdasarkan Laporan Penilaian dari KJPP                           Based on the Valuation Reports issued by
               Dasa’at Yudistira dan Rekan tanggal                               KJPP Dasa’at Yudistira and Rekan dated
               18 Desember 2025 (yang ditandatangani oleh                        18 December 2025 (signed by Dasa’at Alam
               Dasa’at Alam Ratu, S.P., MAPPI (Cert.))                           Ratu, S.P., MAPPI (Cert.)), with Registered
               dengan       nomor      STTD:        STTD.PP-                     Certificate   Number      (STTD): STTD.PP-
               93/PM.02/2023) tertanggal 16 Agustus 2023                         93/PM.02/2023 dated 16 August 2023, and
               dan KJPP Iwan Bachron dan Rekan tanggal                           KJPP Iwan Bachron and Rekan dated
               18 Desember 2025 (yang ditandatangani oleh                        18 December 2025 (signed by Iwan Bachron
               Iwan Bachron G., S.E., M.Ec.Dev., MAPPI                           G., S.E., M.Ec.Dev., MAPPI (Cert.)), with
               (Cert.)) dengan nomor Surat Tanda Terdaftar                       Registered Certificate Number (STTD):
               (STTD):       STTB.PP-11/PJ-1/PM.02/2023)                         STTB.PP-11/PJ-1/PM.02/2023 dated 5 June
               tertanggal 5 Juni 2023, nilai aset tetap berikut                  2023, the carrying amounts of fixed assets and
               kenaikan nilainya adalah sebagai berikut:                         the related increases in value are as follows:
                                                                                           Kenaikan nilai
                                                                                         (sebelum pajak)/
                                      Nilai pasar/                Nilai buku/            Increase in value
               Aset tetap             Fair value                  Book value                (before tax)             Fixed assets

              Tanah                         43.361.460                 39.701.003                    3.660.457                 Land


               Untuk menentukan nilai pasar tersebut, KJPP                       To determine the market value, KJPP Dasa’at
               Dasa’at Yudistra dan Rekan dan KJPP Iwan                          Yudistra and Rekan and KJPP Iwan Bachron
               Bachron    dan     Rekan      menggunakan                         and Rekan applied the Market Approach
               metodologi penilaian Pendekatan Pasar                             valuation methodology in accordance with SPI
               (Market Approach) SPI 2018-KPUP 15.2                              2018-KPUP 15.2, using the direct comparison
               dengan metode perbandingan langsung.                              method.

                                                              227
Page 1242
                                                                                                       The original consolidated financial statements
                                                                                                     included herein are in the Indonesian language.

          PT BANK MANDIRI (PERSERO) Tbk                                                   PT BANK MANDIRI (PERSERO) Tbk
              DAN ENTITAS ANAKNYA                                                               AND ITS SUBSIDIARIES
        CATATAN ATAS LAPORAN KEUANGAN                                                      NOTES TO THE CONSOLIDATED
                   KONSOLIDASIAN                                                               FINANCIAL STATEMENTS
         Tanggal 31 Desember 2025 dan untuk                                                 As of 31 December 2025 and for
        Tahun Berakhir pada Tanggal Tersebut                                                   for the Year Then Ended
           (Disajikan dalam jutaan Rupiah,                                                 (Expressed in millions of Rupiah,
               kecuali dinyatakan lain)                                                        unless otherwise stated)

18. ASET TETAP (lanjutan)                                                18. FIXED ASSETS (continued)

   b.    Lain-lain (lanjutan)                                                 b.     Others (continued)

         3.    Penilaian pada nilai wajar aset yang dimiliki                         3.     Assessment in the fair value of assets owned
               Bank pada tanggal 31 Desember 2025 dan                                      by the Bank on 31 December 2025 and
               31 Desember 2024 adalah untuk tanah                                         31 December 2024 uses revaluation method
               dengan menggunakan nilai revaluasi (nilai                                   for lands and Sales Value of Taxable Object for
               buku),    sedangkan      untuk    bangunan                                  Buildings (“NJOP”). As of 31 December 2025,
               menggunakan Nilai Jual Objek Pajak (NJOP).                                  the revaluation value of land and NJOP owned
               Pada tanggal 31 Desember 2025, nilai buku                                   by the Bank was Rp45,951,924 and
               tanah dan NJOP bangunan yang dimiliki Bank                                  Rp6,882,153,       respectively.     As      of
               masing-masing bernilai Rp45.951.924 dan                                     31 December 2024, the revaluation value of
               Rp6.882.153. Pada tanggal 31 Desember                                       land and NJOP owned by the Bank was
               2024, nilai buku tanah dan NJOP                                             Rp42,215,459 and Rp5,906,576, respectively.
               bangunan yang dimiliki Bank masing-
               masing     sebesar    Rp42.215.459      dan
               Rp5.906.576.

         4.    Nilai tanah Bank berdasarkan model biaya                              4.    The value of land based on cost model as of
               pada tanggal 31 Desember 2025 dan 2024                                      31 December 2025 and 2024 amounted to
               adalah masing-masing sebesar Rp6.473.195                                    Rp6,473,195 and Rp6,397,188, respectively.
               dan Rp6.397.188.

               Tabel di bawah ini menyajikan instrumen non-                                The table below presents non-financial
               keuangan yang diakui pada nilai wajar                                       instruments recognised at fair value based on
               berdasarkan hierarki yang digunakan Bank                                    the hierarchy used by the Bank to determine
               untuk menentukan dan mengungkapkan nilai                                    and disclose the fair value of non-financial
               wajar dari instrumen non-keuangan:                                          instruments:

               (i)   Tingkat 1: Dikutip dari harga pasar aktif                             (i)  Level 1: Quoted prices on active markets
                     untuk aset atau liabilitas yang identik;                                   for identical assets or liabilities;
               (ii) Tingkat 2: Teknik valuasi dimana seluruh                               (ii) Level 2: Valuation technique in which all
                     input yang memiliki efek signifikan                                        inputs which have a significant effect on
                     terhadap nilai wajar yang tercatat dapat                                   the recorded fair value are observable,
                     diobservasi baik secara langsung atau                                      either directly or indirectly;
                     tidak langsung;
               (iii) Tingkat 3: Teknik valuasi dimana seluruh                              (iii) Level 3: Valuation techniques in which all
                     input yang memiliki efek signifikan                                         inputs have a significant effect on the
                     terhadap nilai wajar yang tercatat tidak                                    recorded fair value that cannot be
                     dapat diobservasi dari data pasar.                                          observed from market data.
                                                            31 Desember 2025/31 December 2025
                                           Tingkat 1/          Tingkat 2/          Tingkat 3/          Nilai wajar/
                                            Level 1             Level 2             Level 3            Fair value

              Tanah                                     -        45.951.924                      -        45.951.924                           Land


                                                            31 Desember 2024/31 December 2024
                                           Tingkat 1/          Tingkat 2/          Tingkat 3/          Nilai wajar/
                                            Level 1             Level 2             Level 3            Fair value

              Tanah                                     -        42.215.459                      -        42.215.459                           Land




                                                                   228
Page 1243
                                                                                      The original consolidated financial statements
                                                                                    included herein are in the Indonesian language.

          PT BANK MANDIRI (PERSERO) Tbk                                        PT BANK MANDIRI (PERSERO) Tbk
              DAN ENTITAS ANAKNYA                                                    AND ITS SUBSIDIARIES
        CATATAN ATAS LAPORAN KEUANGAN                                           NOTES TO THE CONSOLIDATED
                   KONSOLIDASIAN                                                    FINANCIAL STATEMENTS
         Tanggal 31 Desember 2025 dan untuk                                      As of 31 December 2025 and for
        Tahun Berakhir pada Tanggal Tersebut                                        for the Year Then Ended
           (Disajikan dalam jutaan Rupiah,                                      (Expressed in millions of Rupiah,
               kecuali dinyatakan lain)                                             unless otherwise stated)

18. ASET TETAP (lanjutan)                                         18. FIXED ASSETS (continued)

   b.    Lain-lain (lanjutan)                                        b.   Others (continued)

        5.   Nilai wajar tingkat 2 dari tanah dihitung dengan             5.   The fair value of land for level 2 is calculated
             menggunakan pendekatan perbandingan                               using the comparison of market price approach
             harga pasar dan estimasi pendapatan dan                           and estimation of income and expenses
             biaya yang dihasilkan oleh aset. Harga pasar                      generated by the asset. The market price of the
             dari tanah yang paling mendekati disesuaikan                      land that most closely adjusted for differences
             dengan perbedaan atribut utama seperti                            in the primary attributes such as asset size,
             ukuran aset, lokasi dan penggunaan aset.                          location and usage of assets. The most
             Input yang paling signifikan dalam pendekatan                     significant input in this assessment approach is
             penilaian ini adalah asumsi harga per meter.                      the assumption of the price per meter.

        6. Hak atas tanah diperoleh berdasarkan                           6.   Land rights are held under Ownership Title
           Sertifikat Hak Milik (“SHM”) dan sertifikat Hak                     Certificates (“SHM”) and renewable Right to
           Guna (“HGB”) yang dapat diperbarui dengan                           Build Certificates (“HGB”), with expiration dates
           masa yang akan berakhir antara 2025 sampai                          ranging from 2025 to 2053. Based on historical
           tahun 2053. Mengacu pada praktek di masa                            precedent, the Group is confident in its ability to
           lampau, Group memiliki keyakinan dapat                              renew the HGBs upon their expiry.
           memperpanjang HGB tersebut.

         7. Pada tanggal 31 Desember 2025, Bank                           7.   As of 31 December 2025, the Bank has insured
            Mandiri telah mengasuransikan aset tetap                           its fixed assets (excluding land rights,
            (tidak termasuk hak atas tanah, aset dalam                         construction in progress and the right of use
            pembangunan dan aset hak guna) untuk                               assets) to cover potential losses against fire,
            menutupi kemungkinan kerugian terhadap                             theft and natural disaster (Property All Risk
            risiko kebakaran, pencurian dan bencana                            (PAR),     Earthquakes     (EQ),   Machinery
            alam (Property All Risk (PAR), Earthquakes                         Breakdown (MB), Terorism and Sabotase (TS).
            (EQ), Machinery Breakdown (MB), Terorisme
            dan Sabotase (TS).

              Asuransi tersebut kepada PT Asuransi                             The insurance was placed with PT Asuransi
             Cakrawala Proteksi Indonesia, PT Asuransi                         Cakrawala Proteksi Indonesia, PT Asuransi
             Astra    Buana,     PT    Estika    Jasatama,                     Astra    Buana,     PT     Estika  Jasatama,
             PT Asuransi Dayin Mitra Tbk, PT Asuransi                          PT Asuransi Dayin Mitra Tbk, PT Asuransi
             Ramayana, PT Mandiri AXA General                                  Ramayana, PT Mandiri AXA General
             Insurance, PT Asuransi Wahana Tata,                               Insurance, PT Asuransi Wahana Tata,
             PT Zurich Asuransi Indonesia Tbk, PT                              PT Zurich Asuransi Indonesia Tbk, PT Asuransi
             Asuransi Umum Mega, PT Fresnel Perdana                            Umum Mega, PT Fresnel Perdana Mandiri and
             Mandiri dan PT Asuransi Perisai Listrik                           PT Asuransi Perisai Listrik Indonesia are all
             Indonesia, keseluruhannya adalah pihak                            third parties, while PT Asuransi Kredit
             ketiga, serta PT Asuransi Kredit Indonesia, PT                    Indonesia, PT Asuransi Jasa Raharja Putera,
             Asuransi Jasa Raharja Putera, PT Asuransi                         PT Asuransi Tugu Pratama Indonesia,
             Tugu Pratama Indonesia, PT Asuransi Jiwa                          PT Asuransi Jiwa Inhealth Indonesia,
             Inhealth Indonesia, PT Asuransi Staco                             PT Asuransi Staco Mandiri, and PT Krida
             Mandiri, dan PT Krida Upaya Tunggal yang                          Upaya Tunggal are related parties. The total
             merupakan pihak berelasi, dengan nilai jumlah                     amount of insurance coverage as of
             pertanggungan asuransi pada tanggal                               31 December 2025 and 2024 was
             31 Desember 2025 dan 2024 masing - masing                         approximately         Rp31,542,889        and
             berkisar Rp31.542.889 dan Rp11.532.100.                           Rp11,532,100, respectively. Management
             Manajemen       berpendapat     bahwa     nilai                   believes that the insurance coverage is
             pertanggungan tersebut telah memadai untuk                        adequate to cover potential losses on the
             menutupi kemungkinan kerugian yang terjadi                        insured fixed assets. Fully depreciated fixed
             atas aset tetap yang dipertanggungkan. Aset                       assets that are still in use by Bank Mandiri
             tetap yang telah terdepresiasi penuh namun                        include, among others, office machines,
             masih digunakan oleh Bank Mandiri antara                          printing equipment, office equipment, and
             lain berupa mesin-mesin kantor, peralatan                         housing facilities.
             percetakan, peralatan kantor, dan perumahan.




                                                            229
Page 1244
                                                                                                          The original consolidated financial statements
                                                                                                        included herein are in the Indonesian language.

          PT BANK MANDIRI (PERSERO) Tbk                                                       PT BANK MANDIRI (PERSERO) Tbk
              DAN ENTITAS ANAKNYA                                                                   AND ITS SUBSIDIARIES
        CATATAN ATAS LAPORAN KEUANGAN                                                          NOTES TO THE CONSOLIDATED
                   KONSOLIDASIAN                                                                   FINANCIAL STATEMENTS
         Tanggal 31 Desember 2025 dan untuk                                                     As of 31 December 2025 and for
        Tahun Berakhir pada Tanggal Tersebut                                                       for the Year Then Ended
           (Disajikan dalam jutaan Rupiah,                                                     (Expressed in millions of Rupiah,
               kecuali dinyatakan lain)                                                            unless otherwise stated)

18. ASET TETAP (lanjutan)                                                     18. FIXED ASSETS (continued)

   b.    Lain-lain (lanjutan)                                                      b.    Others (continued)
         8. Rincian keuntungan atas pelepasan aset tetap                                 8.    Detail of gain on disposal of fixed assets are as
            adalah sebagai berikut:                                                            follows:
                                                                  Tahun yang berakhir
                                                               pada tanggal 31 Desember/
                                                                Year ended 31 December
                                                                2025                       2024

             Hasil pelepasan aset tetap                              40.148                         35.890        Proceed from disposal of fixed assets
             Nilai buku bersih aset tetap                           (37.871 )                      (33.055 )            Net book value of fixed assets

             Keuntungan atas
               pelepasan aset tetap                                    2.277                         2.835             Gain on disposal of fixed assets


         9. Tidak terdapat aset tetap yang tidak dipakai                                 9.    There are no fixed assets that are temporary
            sementara atau dihentikan dari penggunaan                                          unused or have been discontinued from active
            aktif atau diklasifikasikan sebagai diperuntukan                                   usage or classified as held for sale as of
            untuk dijual pada tanggal 31 Desember 2025                                         31 December 2025 and 2024.
            dan 2024.
             Tidak terdapat aset tetap yang berasal dari                                       There are no fixed assets from grants and there
             hibah dan tidak terdapat komitmen kontraktual                                     are no significant contractual commitments in
             signifikan dalam perolehan aset tetap pada                                        acquiring fixed assets as of 31 December 2025
             tanggal 31 Desember 2025 dan 2024.                                                and 2024.
         10. Aset tetap yang telah disusutkan penuh namun                                10. The fixed assets that have been fully
             masih digunakan oleh Bank Mandiri antar lain                                    depreciated but still in use by Bank Mandiri
             berupa mesin-mesin         kantor,  peralatan                                   consist of several things such as office
             percetakan, peralatan kantor, dan perumahan.                                    machine, printing office equipment and office
                                                                                             houses.

         11. Manajemen berpendapat tidak terdapat                                        11. Management believes that there is no
             indikasi penurunan nilai atas aset tetap pada                                   indication on impairment of fixed assets as of
             tanggal 31 Desember 2025 dan 2024.                                              31 December 2025 and 2024.

19. ASET TAKBERWUJUD                                                          19. INTANGIBLE ASSETS
                                                             31 Desember 2025/31 December 2025
                                                                                                       Pengalihan
                                                                                                     pengendalian
                                Saldo                                                                 atas entitas         Saldo
                                awal/                                                                anak/Control          akhir/
                              Beginning      Penambahan/     Pengurangan/       Reklasifikasi/        transfer of a       Ending
                               balance         Additions      Deductions       Reclassifications       subsidiary         balane

  Nilai Perolehan                                                                                                                                        At cost
     Perangkat lunak            11.125.008         642.043         (15.860)            3.907.748             (7.419)      15.651.520                 Software
     Goodwill                      519.286               -                -                    -                   -         519.286                 Goodwill
     Aset brand Yokke               81.706               -                -                    -                   -          81.706    Yokke brand assets
     Aset dalam pembangunan      4.017.152       1.405.980                -          (3.907.748)                (29)       1.515.355 Construction in progress

                                15.743.152       2.048.023         (15.860)                    -             (7.448)      17.767.867
  Akumulasi amortisasi                                                                                                              Accumulated amortisation
    Perangkat lunak              8.629.349       1.545.049              (1)                    -             (6.420)      10.167.977              Software
    Aset brand Yokke                69.060          11.672                -                    -                   -          80.732    Yokke brand assets

                                 8.698.409       1.556.721              (1)                    -             (6.420)      10.248.709
  Nilai buku neto                                                                                                                               Net book value
     Perangkat lunak                                                                                                       5.483.543                 Software
     Goodwill                                                                                                                519.286                 Goodwill
     Aset brand Yokke                                                                                                            974    Yokke brand assets
     Aset dalam pembangunan                                                                                                1.515.355 Construction in progress

                                                                                                                           7.519.158




                                                                       230
Page 1245
                                                                                                           The original consolidated financial statements
                                                                                                         included herein are in the Indonesian language.

         PT BANK MANDIRI (PERSERO) Tbk                                                         PT BANK MANDIRI (PERSERO) Tbk
             DAN ENTITAS ANAKNYA                                                                     AND ITS SUBSIDIARIES
       CATATAN ATAS LAPORAN KEUANGAN                                                            NOTES TO THE CONSOLIDATED
                  KONSOLIDASIAN                                                                     FINANCIAL STATEMENTS
        Tanggal 31 Desember 2025 dan untuk                                                       As of 31 December 2025 and for
       Tahun Berakhir pada Tanggal Tersebut                                                         for the Year Then Ended
          (Disajikan dalam jutaan Rupiah,                                                       (Expressed in millions of Rupiah,
              kecuali dinyatakan lain)                                                              unless otherwise stated)

19. ASET TAKBERWUJUD (lanjutan)                                                19. INTANGIBLE ASSETS (continued)

                                                            31 Desember 2024/31 December 2024
                                                                                                        Pengalihan
                                                                                                      pengendalian
                                Saldo                                                                  atas entitas       Saldo
                                awal/                                                                 anak/Control        akhir/
                              Beginning     Penambahan/     Pengurangan/         Reklasifikasi/        transfer of a     Ending
                               balance        Additions      Deductions         Reclassifications       subsidiary       balane
  Nilai Perolehan                                                                                                                                       At cost
     Perangkat lunak            9.952.179         345.015                  -              881.757            (53.943)    11.125.008                 Software
     Goodwill                     787.466               -                  -                    -           (268.180)       519.286                 Goodwill
     Aset brand Yokke              81.706               -                  -                    -                  -         81.706    Yokke brand assets
     Aset dalam pembangunan     2.847.720       2.057.330                  -             (881.757)            (6.141)     4.017.152 Construction in progress

                               13.669.071       2.402.345                  -                    -           (328.264)    15.743.152

  Akumulasi amortisasi                                                                                                             Accumulated amortisation
    Perangkat lunak             7.737.085        933.969                   -                    -             (41.705)    8.629.349              Software
    Aset brand Yokke               57.388         11.672                   -                    -                   -        69.060    Yokke brand assets

                                7.794.473        945.641                   -                    -             (41.705)    8.698.409

  Nilai buku neto                                                                                                                              Net book value
     Perangkat lunak                                                                                                      2.495.659                 Software
     Goodwill                                                                                                               519.286                 Goodwill
     Aset brand Yokke                                                                                                        12.646    Yokke brand assets
     Aset dalam pembangunan                                                                                               4.017.152 Construction in progress

                                                                                                                          7.044.743



   Perangkat lunak diamortisasi selama umur ekonomis                                Software is amortised over its economic useful life,
   yaitu 5 tahun (Catatan 2.r.i).                                                   which is 5 years (Note 2.r.i).

   Pada tanggal 31 Desember 2025 dan 2024, termasuk                                 As of 31 December 2025 and 2024, included in
   dalam aset takberwujud adalah aset brand Yokke dari                              intangible assets is the Yokke brand assets from
   Entitas Anak PT Mandiri Capital Indonesia (MCI)                                  Subsidiary, namely PT Mandiri Capital Indonesia (MCI)
   senilai Rp974 dan Rp12.646 (neto setelah akumulasi                               amounted to Rp974 and Rp12,646 (net - accumulated
   amortisasi) diamortisasi selama umur ekonomis 7                                  amortisation) amortised over its economic useful life of 7
   tahun dengan metode garis lurus.                                                 years using the straight-line method.

   Pada tanggal 31 Desember 2025 dan 2024, aset dalam                               As of 31 December 2025 and 2024, construction in
   pembangunan masing-masing sebesar Rp1.515.355                                    progress for software amounted to Rp1,515,355 and
   dan Rp4.017.152. Estimasi persentase tingkat                                     Rp4,017,152, respectively. The estimated percentage of
   penyelesaian perangkat lunak pada tanggal                                        completion of software as of 31 December 2025 was
   31 Desember 2025 adalah berkisar 42,00% - 90,00%                                 ranging between 42.00% - 90.00% (31 December 2024:
   (31 Desember 2024: 5,00% - 85,00%).                                              5.00% - 85.00%).

   Goodwill merupakan nilai selisih antara nilai perolehan                          Goodwill arises from the difference between the cost of
   dan nilai wajar dari aset bersih yang diakuisisi. Pada                           acquisition with the fair value of Subsidiaries assets
   tanggal 31 Desember 2025 dan 2024 senilai                                        acquired. As of 31 December 2025 and 2024 amounted
   Rp519.286. Secara berkala, Goodwill dievaluasi                                   to Rp519,286. Goodwill is evaluated for impairment. The
   terhadap penurunan nilai. Nilai terpulihkan Goodwill                             recoverable amount of Goodwill is determined based on
   ditentukan berdasarkan perhitungan nilai pakai                                   the calculation of value in use using a discounted cash
   menggunakan model arus kas terdiskonto. Nilai                                    flow model. This value is categorized under fair value
   tersebut dikategorikan berada dalam kategori                                     measurement level 3.
   pengukuran nilai wajar level 3.

20. ASET LAIN-LAIN                                                             20. OTHER ASSETS

                                                    31 Desember 2025/              31 Desember 2024/
                                                    31 December 2025               31 December 2024

   Rupiah                                                                                                                                           Rupiah
    Pendapatan yang masih akan
      diterima                                                   9.015.763                     8.219.344                            Accrued income
    Piutang transaksi                                                                                                     Receivables from customer
      nasabah                                                    3.802.645                     3.360.582                              transactions
    Aset ijarah                                                  2.848.415                     2.221.850                                Ijarah assets
    Uang muka                                                    2.588.178                     1.068.764                          Advance payment
    Penjualan efek-efek yang masih                                                                                         Receivables from sales of
      akan diterima                                              1.839.870                          150.277                  marketable securities


                                                                    231
Page 1246
                                                                             The original consolidated financial statements
                                                                           included herein are in the Indonesian language.

         PT BANK MANDIRI (PERSERO) Tbk                               PT BANK MANDIRI (PERSERO) Tbk
             DAN ENTITAS ANAKNYA                                           AND ITS SUBSIDIARIES
       CATATAN ATAS LAPORAN KEUANGAN                                  NOTES TO THE CONSOLIDATED
                  KONSOLIDASIAN                                           FINANCIAL STATEMENTS
        Tanggal 31 Desember 2025 dan untuk                             As of 31 December 2025 and for
       Tahun Berakhir pada Tanggal Tersebut                               for the Year Then Ended
          (Disajikan dalam jutaan Rupiah,                             (Expressed in millions of Rupiah,
              kecuali dinyatakan lain)                                    unless otherwise stated)

20. ASET LAIN-LAIN (lanjutan)                            20. OTHER ASSETS (continued)

                                       31 Desember 2025/     31 Desember 2024/
                                       31 December 2025      31 December 2024
    Rupiah (lanjutan)                                                                               Rupiah (continued)
    Tagihan terkait dengan                                                                     Receivables related to
       transaksi ATM dan                                                                      ATM and credit card
       kartu kredit                             1.753.944            2.270.706                          transactions
    Tagihan kepada pemerintah                   1.206.758              474.781          Receivables from government
     Agunan yang diambil alih                     942.479              998.294                    Repossesed assets
     Tagihan biaya kredit dan                                                             Receivables from credit and
       trade finance                             437.700               365.031                    trade finance fee
     Tagihan reksadana                           232.112                     -               Mutual fund transactions
     Setoran jaminan yang dibayarkan             221.605               165.963                 Security deposits paid
     Perlengkapan kantor                         174.508                93.991                          Office supplies
     Piutang ijarah                              166.499               188.361                      Ijarah receivables
     Properti terbengkalai                        80.629                80.629                 Abandoned properties
     Aset reasuransi                              54.493                50.057                   Reinsurance assets
     Piutang management fee                       43.867                79.850           Management fee receivables
     Tagihan spot                                 28.760                24.770                        Spot receivables
     Tagihan terkait dengan                                                                    Receivables related to
       transaksi remittance                          170                   220             remittance transactions
     Tagihan kepada pemegang polis                     -               415.935         Receivables from policyholders
     Biaya akuisisi kontrak asuransi                                                      Deferred insurance contract
       yang ditangguhkan                                 -             422.242                       acquisition fee
     Piutang reasuransi dan                                                             Reinsurance and coinsurance
       koasuransi                                       -              334.015                           receivables
     Aset dari unit-link                                -              435.239                   Assets from unit-link
     Lain-lain                                  5.013.175            5.092.665                                  Others
    Total                                     30.451.570            26.513.566                                   Total
  Mata uang asing                                                                                     Foreign currencies
    Pendapatan yang masih akan                                                                          Accrued income
      diterima (Catatan 62.B.(iv))              3.183.603            2.703.729                        (Note 62.B.(iv))
    Tagihan atas obligasi pemerintah                                                    Receivables from government
      yang diagunkan                                                                    bonds pledged as collateral
      (Catatan 62.B.(iv))                       2.746.074              802.754                       (Note 62.B.(iv))
    Piutang transaksi                                                                     Receivables from customer
      nasabah                                                                                            transactions
      (Catatan 62.B.(iv))                       1.333.576                8.063                       (Note 62.B.(iv))
    Term Deposits Valas                                                                       Foreign Exchange Term
      Devisa Hasil Ekspor                       1.113.056            3.862.800      Deposits from Export Activities
    Aset ijarah                                 1.017.682              900.405                              Ijarah assets
    Tagihan terkait dengan transaksi                                                           Receivables related to
      remittance                                 187.101                29.262              remittance transactions
    Tagihan biaya kredit dan                                                             Receivables from credit and
      trade finance                              144.248               104.111                     trade finance fee
    Setoran jaminan yang dibayarkan               29.307                27.327                 Security deposits paid
    Penjualan efek-efek yang                                                               Receivables from sales of
      masih akan diterima                                                                     marketable securities
      (Catatan 62.B.(iv))                         15.631                 5.352                       (Note 62.B.(iv))
    Uang muka                                     10.129                 6.319                      Advance payment
    Tagihan terkait dengan transaksi                                                     Receivables related to ATM
      ATM dan kartu kredit                                                            transactions and credit card
      (Catatan 62.B.(iv))                          3.048                 1.172                      (Note 62.B.(iv))
    Tagihan spot                                       -                   339                         Spot receivables
    Piutang reasuransi dan                                                             Reinsurance and coinsurance
      koasuransi                                         -               8.848                             receivables
    Tagihan kepada pemegang polis                                                    Receivables from policyholders
      (Catatan 62.B.(iv))                               -                    9                      (Note 62.B.(iv))
    Lain-lain                                   2.439.882            3.956.375                                    Others
    Total                                     12.223.337            12.416.865                                   Total
                                              42.674.907            38.930.431
   Dikurangi: penyisihan lainnya              (2.824.977)           (1.587.650)                   Less: other allowances

   Neto                                       39.849.930            37.342.781                                       Net



                                                   232
Page 1247
                                                                                        The original consolidated financial statements
                                                                                      included herein are in the Indonesian language.

         PT BANK MANDIRI (PERSERO) Tbk                                         PT BANK MANDIRI (PERSERO) Tbk
             DAN ENTITAS ANAKNYA                                                     AND ITS SUBSIDIARIES
       CATATAN ATAS LAPORAN KEUANGAN                                            NOTES TO THE CONSOLIDATED
                  KONSOLIDASIAN                                                     FINANCIAL STATEMENTS
        Tanggal 31 Desember 2025 dan untuk                                       As of 31 December 2025 and for
       Tahun Berakhir pada Tanggal Tersebut                                         for the Year Then Ended
          (Disajikan dalam jutaan Rupiah,                                       (Expressed in millions of Rupiah,
              kecuali dinyatakan lain)                                              unless otherwise stated)

20. ASET LAIN-LAIN (lanjutan)                                       20. OTHER ASSETS (continued)

    Pendapatan yang masih akan diterima terdiri dari                   Accrued income consist of interest accrued from
    bunga yang masih akan diterima dari penempatan,                    placement, marketable securities, government bonds,
    efek-efek, obligasi pemerintah, kredit yang diberikan,             loans, others receivables - trade transactions and
    tagihan lainnya - transaksi perdagangan serta provisi              accrued fees and commissions.
    dan komisi yang masih akan diterima.

    Term Deposits Valas Devisa Hasil Ekspor merupakan                  Foreign Exchange Term Deposits from Export Activities
    suatu instrumen dimana dana devisa hasil ekspor dari               is an instrument where foreign exchange proceeds from
    rekening khusus eksportir ditempatkan pada Bank                    exporters’ special account are placed in Bank Indonesia
    Indonesia melalui rekening Bank sesuai mekanisme                   through Bank’s accounts according to with market
    pasar.                                                             mechanisms.

    Piutang transaksi nasabah terutama merupakan                       Receivables from customer transactions mainly consist
    piutang yang timbul dari transaksi perdagangan efek                of receivables arising from securities transactions of
    Entitas Anak. Pada tanggal 31 Desember 2025 dan                    Bank’s Subsidiaries. As of 31 December 2025 and 2024,
    2024, termasuk di dalam piutang transaksi nasabah                  included in receivables from customer transactions is an
    adalah piutang yang mengalami penurunan nilai                      impaired portfolio amounted to Rp10,003.
    masing-masing sebesar Rp10.003.

    Tagihan terkait dengan transaksi ATM dan kartu kredit              Receivables related to ATM and credit card transactions
    terdiri dari tagihan atas transaksi ATM dalam jaringan             consists of receivable arising from ATM transactions
    ATM Bersama, Prima dan Link dan tagihan atas Visa,                 within ATM Bersama, Prima and Link network as well as
    Master Card dan JCB untuk transaksi kartu kredit.                  receivables from Visa, Master Card and JCB as a result
                                                                       of credit card transactions.

    Aset ijarah merupakan objek sewa dari transaksi ijarah,            Ijarah assets are lease assets from ijarah transaction,
    ijarah multijasa dan ijarah muntahiyah bittamlik                   ijarah multiservices, and ijarah muntahiyah bittamlik
    (“IMBT”) dari Entitas Anak.                                        (“IMBT”) from Subsidiary.

    Aset dari unit-link terkait dengan transaksi piutang               Assets from unit-link is related to receivables from
    portofolio efek dari kontrak unit-link, dari reksa dana            securities portfolio transactions of unit-link contracts in
    Entitas Anak.                                                      Subsidiary’s mutual fund.

    Tagihan atas obligasi pemerintah yang diagunkan                    Receivables from government bonds ROI 28, INDOIS
    merupakan tagihan terkait transaksi repo to maturity               28, dan INDOIS 29, Bank Mandiri recognised
    dengan pihak ketiga, dimana Bank Mandiri                           receivables at the amount of cash value of ROI 28,
    mengalihkan obligasi pemerintah ROI 28, INDOIS 28,                 INDOIS 28, dan INDOIS 29 to SCB Jakarta. These
    dan INDOIS 29 tersebut, Bank Mandiri mengakui                      borrowing facilities have 3 (three) and 4 (four) years
    tagihan sebesar nilai tunai (cash value) dari ROI 28,              tenor. The borrowings amounted to USD36,365,472 (full
    INDOIS 28, dan INDOIS 29 kepada SCB Jakarta.                       amount),     USD44,961,904      (full  amount),    and
    Fasilitas pinjaman ini memiliki tenor 3 (tiga) dan 4               USD68,584,657 (full amount) will mature according to
    (empat) tahun. Pinjaman sebesar USD36.365.472                      the maturity date of ROI 28, INDOIS 28, and INDOIS 29,
    (nilai penuh), USD44.961.904 (nilai penuh), dan                    which on 11 January 2028, 1 March 2028, and
    USD68.584.657 (nilai penuh) akan jatuh tempo sesuai                20 February 2029 (Note 36f).
    dengan tanggal jatuh tempo ROI 28, INDOIS 28, dan
    INDOIS 29, yaitu 11 Januari 2028, 1 Maret 2028, dan
    20 Februari 2029 (Catatan 36f).

    Biaya akuisisi kontrak asuransi yang ditangguhkan                  Deferred insurance contract acquisition fee consists of
    terdiri dari biaya akuisisi untuk produk asuransi unit link        deferred acquisition cost of unit link back end loading
    back end loading dan unit link hybrid yang                         and unit link hybrid insurance product and was
    ditangguhkan dan diamortisasi dengan metode garis                  amortised with straight-line method from Subsidiaries.
    lurus dari Entitas Anak.

    Tagihan kepada pemegang polis merupakan tagihan                    Receivables from policyholders represent receivables
    Entitas Anak kepada pemegang polis atas premi                      from the Subsidiary’s to its policyholders related to
    produk non unit-link pemegang polis.                               premium of non unit-link products.




                                                              233
Page 1248
                                                                                                          The original consolidated financial statements
                                                                                                        included herein are in the Indonesian language.

               PT BANK MANDIRI (PERSERO) Tbk                                                   PT BANK MANDIRI (PERSERO) Tbk
                   DAN ENTITAS ANAKNYA                                                               AND ITS SUBSIDIARIES
             CATATAN ATAS LAPORAN KEUANGAN                                                      NOTES TO THE CONSOLIDATED
                        KONSOLIDASIAN                                                               FINANCIAL STATEMENTS
              Tanggal 31 Desember 2025 dan untuk                                                 As of 31 December 2025 and for
             Tahun Berakhir pada Tanggal Tersebut                                                   for the Year Then Ended
                (Disajikan dalam jutaan Rupiah,                                                 (Expressed in millions of Rupiah,
                    kecuali dinyatakan lain)                                                        unless otherwise stated)

20. ASET LAIN-LAIN (lanjutan)                                                 20. OTHER ASSETS (continued)

        Pada tanggal 31 Desember 2025 dan 2024, penjualan                         As of 31 December 2025 and 2024, receivables from
        efek-efek yang masih akan diterima merupakan                              sales of marketable securities are receivables from sale
        tagihan yang timbul dari transaksi penjualan efek-efek                    of marketable securities transaction with maturity date
        yang jatuh tempo penyelesaiannya masing-masing                            on 5 January 2026 and 3 January 2025, respectively.
        pada tanggal 5 Januari 2026 dan 3 Januari 2025.

        Nilai agunan yang diambil alih pada tanggal                               The balance of repossessed assets as of 31 December
        31 Desember 2025 dan 2024 adalah masing-masing                            2025 and 2024 are Rp942,479 and Rp998,294,
        sebesar Rp942.479 dan Rp998.294 yang seluruhnya                           respectively which have been 100% provisioned,
        telah dicadangkan 100%, sehingga nilai tercatat dan                       therefore the book value and fair value of repossessed
        nilai wajar agunan yang diambil alih adalah RpNihil.                      assets are borth RpNil.

        Lain-lain terutama terdiri dari rekening antar kantor,                    Others mainly consist of inter-office accounts, various
        berbagai macam tagihan dari transaksi kepada pihak                        form of receivables from transaction with third parties,
        ketiga dalam rangka transaksi, antara lain transaksi                      including clearing transactions and others.
        kliring dan lain-lain.

        Mutasi penyisihan kerugian aset lain-lain adalah                          Movement of allowance for impairment losses of other
        sebagai berikut:                                                          assets are as follows:

                                                         31 Desember 2025/       31 Desember 2024/
                                                         31 December 2025        31 December 2024
        Saldo awal                                                  1.587.650                  1.596.320                                 Beginning balance
        Penyisihan selama                                                                                                                  Allowance during
          tahun berjalan (Catatan 47)                               1.142.381                       2.906                              the year (Note 47)
        Lain-lain*)                                                    94.946                     (11.576 )                                         Others*)
    Saldo akhir                                                     2.824.977                  1.587.650                                    Ending balance

   *)                                                                             *)
        Termasuk selisih kurs karena penjabaran mata uang asing.                       Included effect of foreign currencies translation.

        Manajemen berpendapat bahwa total penyisihan                              Management believes that the allowance for impairment
        kerugian aset lain-lain telah memadai.                                    losses of other assets is adequate.

21. SIMPANAN DARI NASABAH - GIRO DAN GIRO                                     21. DEPOSITS FROM CUSTOMERS - DEMAND
    WADIAH                                                                        DEPOSITS AND WADIAH DEMAND DEPOSITS

        a.    Berdasarkan mata uang, pihak berelasi dan pihak                     a.       By currency, related parties and third parties:
              ketiga:

                                                         31 Desember 2025/       31 Desember 2024/
                                                         31 December 2025        31 December 2024
             Rupiah                                                                                                                               Rupiah
               Pihak berelasi (Catatan 56)                         141.354.293               83.315.577                       Related parties (Note 56)
               Pihak ketiga                                        347.867.912              298.624.406                                    Third parties
             Total                                                 489.222.205              381.939.983                                               Total

             Mata uang asing                                                                                                          Foreign currencies
               Pihak berelasi (Catatan 56)                          55.894.544               70.839.895                       Related parties (Note 56)
               Pihak ketiga                                        120.992.841              115.796.131                                    Third parties
             Total (Catatan 62.B.(iv))                             176.887.385              186.636.026                               Total (Note 62.B.(iv))
                                                                   666.109.590              568.576.009


              Termasuk di dalam saldo simpanan giro adalah                                 Included in demand deposits are wadiah demand
              giro   wadiah     masing-masing      sebesar                                 deposits amounted to Rp27,790,474 and
              Rp27.790.474 dan Rp19.147.079 pada tanggal                                   Rp19,147,079 as of 31 December 2025 and 2024,
              31 Desember 2025 dan 2024.                                                   respectively.




                                                                        234
Page 1249
                                                                                      The original consolidated financial statements
                                                                                    included herein are in the Indonesian language.

          PT BANK MANDIRI (PERSERO) Tbk                                       PT BANK MANDIRI (PERSERO) Tbk
              DAN ENTITAS ANAKNYA                                                   AND ITS SUBSIDIARIES
        CATATAN ATAS LAPORAN KEUANGAN                                          NOTES TO THE CONSOLIDATED
                   KONSOLIDASIAN                                                   FINANCIAL STATEMENTS
         Tanggal 31 Desember 2025 dan untuk                                     As of 31 December 2025 and for
        Tahun Berakhir pada Tanggal Tersebut                                       for the Year Then Ended
           (Disajikan dalam jutaan Rupiah,                                     (Expressed in millions of Rupiah,
               kecuali dinyatakan lain)                                            unless otherwise stated)

21. SIMPANAN DARI NASABAH - GIRO DAN GIRO                         21. DEPOSITS FROM CUSTOMERS - DEMAND
    WADIAH (lanjutan)                                                 DEPOSITS AND WADIAH DEMAND DEPOSITS
                                                                      (continued)

   b.    Tingkat suku bunga rata-rata (cost of funds) dan            b.   Average interest rates (cost of funds) and range of
         kisaran bagi hasil selama tahun berjalan                         profit sharing per annum

         Tingkat suku bunga rata-rata (cost of funds) per                 Average interest rates (cost of funds) per annum:
         tahun:

                                              31 Desember 2025/     31 Desember 2024/
                                              31 December 2025      31 December 2024
         Rupiah                                           2,65%                  2,71%                                    Rupiah
         Mata uang asing (disetarakan                                                            Foreign currencies (equivalent to
           dalam Rupiah)                                 2,82%                   2,71%                                 Rupiah)

         Kisaran bagi hasil giro wadiah per tahun:                        Range of profit sharing per annum on wadiah
                                                                          demand deposits:

                                              31 Desember 2025/     31 Desember 2024/
                                              31 December 2025      31 December 2024
        Rupiah                                    0,18% - 0,24%           0,02% - 0,04%                                   Rupiah
        Mata uang asing (disetarakan                                                             Foreign currencies (equivalent to
          dalam Rupiah)                           0,00% - 0,00%           0,00% - 0,00%                                Rupiah)

   c.    Giro yang dibekukan dan diblokir sebagai jaminan            c.    Demand deposits pledged as collateral and
         atas bank garansi, kredit yang diberikan, fasilitas               blocked for bank guarantees, loans and trade
         pembayaran transaksi perdagangan (letter of                       finance facilities (irrevocable letter of credits) and
         credit yang tidak dapat dibatalkan) dan untuk                     for other purposes as of 31 December 2025 and
         tujuan lain pada tanggal 31 Desember 2025 dan                     2024 were amounted to Rp52,088,474 and
         2024       adalah    masing-masing       sebesar                  Rp18,754,987, respectively (Notes 12B.c and 31d).
         Rp52.088.474 dan Rp18.754.987 (Catatan 12B.c
         dan 31d).

22. SIMPANAN DARI NASABAH - TABUNGAN DAN                          22. DEPOSITS   FROM   CUSTOMERS    -  SAVING
    TABUNGAN WADIAH                                                   DEPOSITS AND WADIAH SAVING DEPOSITS

   a.    Berdasarkan mata uang, jenis, pihak berelasi dan            a.   By currency, type, related parties and third parties:
         pihak ketiga:

                                              31 Desember 2025/     31 Desember 2024/
                                              31 December 2025      31 December 2024
        Rupiah                                                                                                            Rupiah
          Pihak berelasi (Catatan 56)                                                                 Related parties (Note 56)
            Tabungan Mandiri                            4.626.005             4.218.315              Mandiri Saving Deposits
          Pihak ketiga                                                                                             Third parties
            Tabungan Mandiri                          548.441.525          516.469.456               Mandiri Saving Deposits
            Tabungan Mandiri Haji                      15.866.597           14.499.671          Hajj Mandiri Saving Deposits
        Total                                         568.934.127          535.187.442                                       Total
        Mata uang asing                                                                                      Foreign currencies
          Pihak berelasi (Catatan 56)                                                                Related parties (Note 56)
            Tabungan Mandiri                              474.514             2.120.728            Mandiri Saving Deposits
          Pihak ketiga                                                                                           Third parties
            Tabungan Mandiri                           52.418.547            42.883.626             Mandiri Saving Deposits
            Tabungan Haji                                  87.782                     -               Haji Saving Deposits
        Total (Catatan 62.B.(iv))                      52.980.843            45.004.354                   Total (Note 62.B.(iv))
                                                      621.914.970          580.191.796


         Termasuk di dalam saldo simpanan tabungan                        Included in saving deposits were wadiah saving
         adalah tabungan wadiah masing-masing sebesar                     deposits amounted to Rp63,311,121 and
         Rp63.311.121 dan Rp55.280.067 pada tanggal                       Rp55,280,067 as of 31 December 2025 and 2024,
         31 Desember 2025 dan 2024.                                       respectively.



                                                           235
Page 1250
                                                                                     The original consolidated financial statements
                                                                                   included herein are in the Indonesian language.

          PT BANK MANDIRI (PERSERO) Tbk                                     PT BANK MANDIRI (PERSERO) Tbk
              DAN ENTITAS ANAKNYA                                                 AND ITS SUBSIDIARIES
        CATATAN ATAS LAPORAN KEUANGAN                                        NOTES TO THE CONSOLIDATED
                   KONSOLIDASIAN                                                 FINANCIAL STATEMENTS
         Tanggal 31 Desember 2025 dan untuk                                   As of 31 December 2025 and for
        Tahun Berakhir pada Tanggal Tersebut                                     for the Year Then Ended
           (Disajikan dalam jutaan Rupiah,                                   (Expressed in millions of Rupiah,
               kecuali dinyatakan lain)                                          unless otherwise stated)

22. SIMPANAN DARI NASABAH - TABUNGAN DAN                        22. DEPOSITS        FROM CUSTOMERS  -  SAVING
    TABUNGAN WADIAH (lanjutan)                                      DEPOSITS       AND WADIAH SAVING DEPOSITS
                                                                    (continued)

   b.    Tingkat suku bunga rata-rata (cost of funds) per           b.   Average interest rates (cost of funds) per annum:
         tahun:

                                              31 Desember 2025/    31 Desember 2024/
                                              31 December 2025     31 December 2024
        Rupiah                                           0,48%                  0,48%                                    Rupiah
        Mata uang asing (disetarakan                                                            Foreign currencies (equivalent to
          dalam Rupiah)                                  0,17%                  0,17%                                 Rupiah)

   c.     Pada tanggal 31 Desember 2025 dan 2024,                   c.   As of 31 December 2025 and 2024, total saving
          jumlah tabungan yang dibekukan dan diblokir                    deposits pledged as collateral and blocked for loans
          sebagai jaminan atas kredit yang diberikan dan                 and other purposes were amounted to
          untuk tujuan lain masing-masing sebesar                        Rp17,749,662 and Rp24,905,011, respectively
          Rp17.749.662 dan Rp24.905.011 (Catatan                         (Note 12B.c).
          12B.c).

23. SIMPANAN DARI               NASABAH   -    DEPOSITO         23. DEPOSITS FROM CUSTOMERS - TIME DEPOSITS
    BERJANGKA

   a.    Berdasarkan mata uang, pihak berelasi dan pihak            a.   By currencies, related parties and third parties:
         ketiga:

                                              31 Desember 2025/    31 Desember 2024/
                                              31 December 2025     31 December 2024
        Rupiah                                                                                                           Rupiah
          Pihak berelasi (Catatan 56)               192.767.106            42.079.860                Related parties (Note 56)
          Pihak ketiga                              277.792.071           216.319.776                             Third parties
        Total                                       470.559.177           258.399.636                                       Total
        Mata uang asing                                                                                      Foreign currencies
          Pihak berelasi (Catatan 56)                13.498.387            11.410.438                Related parties (Note 56)
          Pihak ketiga                               44.815.084            27.657.078                             Third parties
        Total (Catatan 62.B.(iv))                    58.313.471            39.067.516                       Total (Note 62.B.(iv))
                                                    528.872.648           297.467.152


   b.    Berdasarkan jangka waktu:                                  b.   By period:

                                              31 Desember 2025/    31 Desember 2024/
                                              31 December 2025     31 December 2024
        Rupiah                                                                                                          Rupiah
          1 bulan                                   162.763.194           125.080.320                                1 month
          3 bulan                                   213.219.723           111.627.281                               3 months
          6 bulan                                    80.789.663            15.653.274                               6 months
          12 bulan                                   13.575.289             5.771.551                              12 months
          Lebih dari 12 bulan                           211.308               267.210                         Over 12 months
        Total                                       470.559.177           258.399.636                                       Total
        Mata uang asing                                                                                       Foreign currencies
          1 bulan                                    25.441.515            17.434.547                                 1 month
          3 bulan                                    24.485.408            16.970.873                               3 months
          6 bulan                                     6.179.725             3.132.020                               6 months
          12 bulan                                    2.088.531             1.418.262                              12 months
          Lebih dari 12 bulan                           118.292               111.814                         Over 12 months
        Total (Catatan 62.B.(iv))                    58.313.471            39.067.516                       Total (Note 62.B.(iv))
                                                    528.872.648           297.467.152




                                                          236
Page 1251
                                                                                          The original consolidated financial statements
                                                                                        included herein are in the Indonesian language.

         PT BANK MANDIRI (PERSERO) Tbk                                            PT BANK MANDIRI (PERSERO) Tbk
             DAN ENTITAS ANAKNYA                                                        AND ITS SUBSIDIARIES
       CATATAN ATAS LAPORAN KEUANGAN                                               NOTES TO THE CONSOLIDATED
                  KONSOLIDASIAN                                                        FINANCIAL STATEMENTS
        Tanggal 31 Desember 2025 dan untuk                                          As of 31 December 2025 and for
       Tahun Berakhir pada Tanggal Tersebut                                            for the Year Then Ended
          (Disajikan dalam jutaan Rupiah,                                          (Expressed in millions of Rupiah,
              kecuali dinyatakan lain)                                                 unless otherwise stated)

23. SIMPANAN DARI NASABAH                     -      DEPOSITO       23. DEPOSITS FROM CUSTOMERS - TIME DEPOSITS
    BERJANGKA (lanjutan)                                                (continued)

  c.    Berdasarkan sisa waktu hingga jatuh tempo:                      c.     By remaining period to maturity date:

                                                  31 Desember 2025/    31 Desember 2024/
                                                  31 December 2025     31 December 2024
        Rupiah                                                                                                                Rupiah
          Kurang dari 1 bulan                            231.176.070           150.248.312                       Less than 1 month
          1 - 3 bulan                                    210.759.219            94.725.742                             1 - 3 months
          3 - 6 bulan                                     18.538.486            10.011.364                             3 - 6 months
          6 - 12 bulan                                     9.595.322             2.888.202                           6 - 12 months
          Lebih dari 12 bulan                                490.080               526.016                         Over 12 months
        Total                                            470.559.177           258.399.636                                       Total
        Mata uang asing                                                                                            Foreign currencies
           Kurang dari 1 bulan                            31.634.902             20.403.876                      Less than 1 month
           1 - 3 bulan                                    19.215.408             10.285.895                            1 - 3 months
           3 - 6 bulan                                     5.218.598              7.722.335                            3 - 6 months
           6 - 12 bulan                                    2.072.566                574.749                          6 - 12 months
           Lebih dari 12 bulan                               171.997                 80.661                        Over 12 months
        Total (Catatan 62.B.(iv))                         58.313.471             39.067.516                      Total (Note 62.B.(iv))
                                                         528.872.648           297.467.152


  d.    Tingkat suku bunga rata-rata (cost of funds) per                d.    Average interest rates (cost of funds) per annum:
        tahun:

                                                  31 Desember 2025/    31 Desember 2024/
                                                  31 December 2025     31 December 2024

        Rupiah                                               4,36%                   4,06%                                    Rupiah
        Mata uang asing (disetarakan                                                                 Foreign currencies (equivalent to
          dalam Rupiah)                                      3,68%                   3,48%                                 Rupiah)

  e.    Pada tanggal 31 Desember 2025 dan 2024,                         e.    As of 31 December 2025 and 2024, total time
        jumlah deposito berjangka yang dibekukan dan                          deposits pledged as collateral and blocked for loans
        diblokir sebagai jaminan atas kredit yang diberikan                   and other purposes were amounted to
        dan untuk tujuan lain masing-masing sebesar                           Rp47,756,097 and Rp59,484,454, respectively
        Rp47.756.097 dan Rp59.484.454 (Catatan                                (Note 12B.c).
        12B.c).

  f.    Pada tanggal 6 Januari 2025, Bank Mandiri                        f.    On 6 January 2025, Bank Mandiri Issued
        menerbitkan Sertifikat Deposito KPR Tapera                             Negotiable Certificate of Deposit (NCD) KPR
        PT Bank Mandiri (Persero) Tbk dengan total nilai                       Tapera PT Bank Mandiri (Persero) Tbk with the
        nominal sebesar Rp18.787 sebagai berikut:                              total nominal value of Rp18,787 as follow:


                                    Nilai nominal/         Tingkat diskonto/              Jatuh tempo/
        Sertifikat Deposito         Nominal value            Discount Rate                Maturity date                 Bonds

        KPR Tapera                                                                            6 Januari 2026 /          KPR Tapera
        PT Bank Mandiri                       18.787                      0,75%                6 January 2026        PT Bank Mandiri

        Sertifikat Deposito KPR Tapera ditawarkan                              NCD KPR Tapera is offered at 99.25% (ninety-nine
        dengan nilai 99,25% (sembilan puluh sembilan                           point twenty-five percent) of the principal amount
        koma dua puluh lima persen) dari jumlah pokok                          of the NCD. The NCD interest is paid on the date
        sertifikat. Bunga sertifikat deposito dibayarkan                       of maturity on 6 January 2026. NCD KPR Tapera
        pada      saat  jatuh    tempo   pada     tanggal                      are guaranteed by Deposit Insurance Corporation
        6 Januari 2026. Sertifikat Deposito KPR Tapera                         (LPS) as long as they meet the applicable legal and
        dijamin oleh Lembaga Penjamin Simpanan (LPS)                           regulatory requirements.
        selama memenuhi persyaratan hukum dan
        peraturan yang berlaku.




                                                              237
Page 1252
                                                                                               The original consolidated financial statements
                                                                                             included herein are in the Indonesian language.

          PT BANK MANDIRI (PERSERO) Tbk                                             PT BANK MANDIRI (PERSERO) Tbk
              DAN ENTITAS ANAKNYA                                                         AND ITS SUBSIDIARIES
        CATATAN ATAS LAPORAN KEUANGAN                                                NOTES TO THE CONSOLIDATED
                   KONSOLIDASIAN                                                         FINANCIAL STATEMENTS
         Tanggal 31 Desember 2025 dan untuk                                           As of 31 December 2025 and for
        Tahun Berakhir pada Tanggal Tersebut                                             for the Year Then Ended
           (Disajikan dalam jutaan Rupiah,                                           (Expressed in millions of Rupiah,
               kecuali dinyatakan lain)                                                  unless otherwise stated)

23. SIMPANAN DARI NASABAH                     -      DEPOSITO       23. DEPOSITS FROM CUSTOMERS - TIME DEPOSITS
    BERJANGKA (lanjutan)                                                (continued)

   f.    Pada tanggal 6 Januari 2025, Bank Mandiri                       f.     On 6 January 2025, Bank Mandiri Issued
         menerbitkan Sertifikat Deposito KPR Tapera                             Negotiable Certificate of Deposit (NCD) KPR
         PT Bank Mandiri (Persero) Tbk dengan total nilai                       Tapera PT Bank Mandiri (Persero) Tbk with the total
         nominal sebesar Rp18.787 sebagai berikut:                              nominal value of Rp18,787 as follow: (continued)
         (lanjutan)

         Berikut adalah rincian nilai Sertifikat Deposito KPR                   Detail of value of NCD KPR Tapera are as follow:
         Tapera:

                                                            31 Desember 2025/
                                                            31 December 2025
        Nilai nominal                                                         18.787                                     Nominal value
        Dikurangi diskonto yang belum diamortisasi                              (141)                       Less: unamortised discounts
        Nilai tercatat                                                        18.646                                          Book value


24. SIMPANAN DARI BANK LAIN - GIRO, GIRO                            24. DEPOSITS FROM OTHER BANKS - DEMAND
    WADIAH DAN TABUNGAN                                                 DEPOSITS, WADIAH DEMAND DEPOSITS AND
                                                                        SAVING DEPOSITS

   a.    Berdasarkan mata uang, pihak berelasi dan pihak                 a.     By currencies, related parties and third parties:
         ketiga:
                                                  31 Desember 2025/     31 Desember 2024/
                                                  31 December 2025      31 December 2024
                                                                                                           Demand deposits and wadiah
        Giro dan giro wadiah                                                                                         demand deposits
            Pihak berelasi (Catatan 56)                                                                       Related parties (Note 56)
             Rupiah                                             2.564                     1.829                              Rupiah
             Mata uang asing                                                                                     Foreign currencies
               (Catatan 62.B.(iv))                           99.072                    4.296.812                  (Note 62.B.(iv))
                                                            101.636                    4.298.641
            Pihak ketiga                                                                                                   Third parties
             Rupiah                                        1.895.646                   2.119.086                              Rupiah
             Mata uang asing                                                                                       Foreign currencies
               (Catatan 62.B.(iv))                         2.028.928                    738.121                     (Note 62.B.(iv))
                                                           3.924.574                   2.857.207
        Total                                              4.026.210                   7.155.848                                      Total
        Tabungan                                                                                                          Saving deposits
           Pihak berelasi (Catatan 56)                                                                         Related parties (Note 56)
            Rupiah                                                38                        595                                Rupiah
            Pihak ketiga                                                                                                   Third parties
              Rupiah                                       1.996.207                   1.933.581                              Rupiah
              Mata uang asing                                                                                      Foreign currencies
               (Catatan 62.B.(iv))                                14                         14                     (Note 62.B.(iv))
                                                           1.996.221                   1.933.595
                                                           1.996.259                   1.934.190
                                                           6.022.469                   9.090.038


         Termasuk dalam simpanan dari bank lain - giro                          Included in deposits from other banks - demand
         adalah giro wadiah masing-masing sebesar                               deposits are wadiah demand deposits amounted to
         Rp88.088 dan Rp183.864 pada tanggal                                    Rp88,088 and Rp183,864, as of 31 December 2025
         31 Desember 2025 dan 2024.                                             and 2024, respectively.




                                                              238
Page 1253
                                                                                     The original consolidated financial statements
                                                                                   included herein are in the Indonesian language.

          PT BANK MANDIRI (PERSERO) Tbk                                     PT BANK MANDIRI (PERSERO) Tbk
              DAN ENTITAS ANAKNYA                                                 AND ITS SUBSIDIARIES
        CATATAN ATAS LAPORAN KEUANGAN                                        NOTES TO THE CONSOLIDATED
                   KONSOLIDASIAN                                                 FINANCIAL STATEMENTS
         Tanggal 31 Desember 2025 dan untuk                                   As of 31 December 2025 and for
        Tahun Berakhir pada Tanggal Tersebut                                     for the Year Then Ended
           (Disajikan dalam jutaan Rupiah,                                   (Expressed in millions of Rupiah,
               kecuali dinyatakan lain)                                          unless otherwise stated)

24. SIMPANAN DARI BANK LAIN - GIRO, GIRO                       24. DEPOSITS FROM OTHER BANKS - DEMAND
    WADIAH DAN TABUNGAN (lanjutan)                                 DEPOSITS, WADIAH DEMAND DEPOSITS AND
                                                                   SAVING DEPOSITS (continued)

   b.    Tingkat suku bunga rata-rata (cost of funds) dan           b.   Average interest rates (cost of funds) and profit
         kisaran bagi hasil per tahun:                                   sharing per annum:

                                            31 Desember 2025/      31 Desember 2024/
                                            31 December 2025       31 December 2024
        Tingkat suku bunga rata-rata                                                                     Average interest rates
           (cost of funds) per tahun:                                                              (cost of funds) per annum:
                                                                                                  Demand deposits and wadiah
        Giro dan giro wadiah                                                                                 demand deposits
          Rupiah                                        2,65%                   2,71%                                  Rupiah
          Mata uang asing (disetarakan                                                       Foreign currencies (equivalent to
             dalam Rupiah)                              2,82%                   2,71%                               Rupiah)
        Tabungan                                                                                                Saving deposits
          Rupiah                                        0,47%                   0,47%                                 Rupiah
          Mata uang asing (disetarakan                                                       Foreign currencies (equivalent to
            dalam Rupiah)                               0,17%                   0,17%                              Rupiah)
                                                                                                         Range of profit sharing
        Kisaran bagi hasil giro wadiah                                                                         per annum for
          per tahun:                                                                                wadiah demand deposits:
          Rupiah                                0,69% - 0,72%            0,70% - 0,73%                                Rupiah
          Mata uang asing (disetarakan                                                       Foreign currencies (equivalent to
             dalam Rupiah)                              0,00%                   0,00%                              Rupiah)

   c.    Pada tanggal 31 Desember 2025 dan 2024, giro,              c.    As of 31 December 2025 and 2024, total demand
         giro wadiah dan tabungan dari bank lain yang                     deposits, wadiah demand deposits and saving
         menjadi jaminan atas kredit yang diberikan dan                   deposits from other banks pledged as collateral for
         bank garansi masing-masing sebesar Rp26.125                      loans and bank guarantees were amounted to
         dan Rp68.570 (Catatan 12B.c dan 31d).                            Rp26,125 and Rp68,570, respectively (Notes 12B.c
                                                                          and 31d).
25. SIMPANAN DARI BANK LAIN - INTER-BANK CALL                  25. DEPOSITS FROM OTHER BANKS - INTER-BANK
    MONEY                                                          CALL MONEY
   a.    Berdasarkan mata uang:                                     a.   By currencies:
                                            31 Desember 2025/      31 Desember 2024/
                                            31 December 2025       31 December 2024
        Pihak berelasi (Catatan 56):                                                                  Related parties (Note 56):
          Mata uang asing                                                                                  Foreign currencies
             (Catatan 62.B.(iv))                       750.375               1.931.400                    (Notes 62.B.(iv))

        Pihak ketiga:                                                                                             Third parties:
          Rupiah                                               -              700.000                                 Rupiah
          Mata uang asing                                                                                  Foreign currencies
             (Catatan 62.B.(iv))                      7.263.507              7.330.154                     (Notes 62.B.(iv))
                                                      7.263.507              8.030.154
                                                      8.013.882              9.961.554

   b.    Berdasarkan sisa waktu hingga jatuh tempo:                 b.   By remaining period to maturity date:
                                            31 Desember 2025/      31 Desember 2024/
                                            31 December 2025       31 December 2024
        Rupiah                                                                                                           Rupiah
          Kurang dari 1 bulan                                  -              700.000                       Less than 1 month
          Lebih dari 1 bulan                                   -                    -                           Over 1 month
        Mata uang asing                                                                                       Foreign currencies
          Kurang dari 1 bulan                         3.567.462              5.210.063                      Less than 1 month
          Lebih dari 1 bulan                          4.446.420              4.051.491                          Over 1 month
        Total (Catatan 62.B.(iv))                     8.013.882              9.261.554                      Total (Note 62.B.(iv))
                                                      8.013.882              9.961.554




                                                         239
Page 1254
                                                                                         The original consolidated financial statements
                                                                                       included herein are in the Indonesian language.

          PT BANK MANDIRI (PERSERO) Tbk                                          PT BANK MANDIRI (PERSERO) Tbk
              DAN ENTITAS ANAKNYA                                                      AND ITS SUBSIDIARIES
        CATATAN ATAS LAPORAN KEUANGAN                                             NOTES TO THE CONSOLIDATED
                   KONSOLIDASIAN                                                      FINANCIAL STATEMENTS
         Tanggal 31 Desember 2025 dan untuk                                        As of 31 December 2025 and for
        Tahun Berakhir pada Tanggal Tersebut                                          for the Year Then Ended
           (Disajikan dalam jutaan Rupiah,                                        (Expressed in millions of Rupiah,
               kecuali dinyatakan lain)                                               unless otherwise stated)

25. SIMPANAN DARI BANK LAIN - INTER-BANK CALL                        25. DEPOSITS FROM OTHER BANKS - INTER-BANK
    MONEY (lanjutan)                                                     CALL MONEY (continued)

   c.    Tingkat suku bunga rata-rata (cost of funds) per                c.   Average interest rates (cost of funds) per annum:
         tahun:

                                                   31 Desember 2025/    31 Desember 2024/
                                                   31 December 2025     31 December 2024
         Rupiah                                               5,22%                  6,22%                                   Rupiah
         Mata uang asing                                                                                          Foreign currencies
           (disetarakan dalam Rupiah)                         4,29%                  5,15%                  (equivalent to Rupiah)

26. SIMPANAN DARI               BANK    LAIN   -    DEPOSITO         26. DEPOSITS FROM OTHER BANKS - TIME DEPOSITS
    BERJANGKA

   a.    Berdasarkan mata uang:                                          a.   By currency:

                                                   31 Desember 2025/    31 Desember 2024/
                                                   31 December 2025     31 December 2024
        Pihak berelasi (Catatan 56):                                                                       Related parties (Note 56)
          Mata uang asing                                                                                      Foreign currencies
             (Catatan 62.B.(iv))                             817.075               289.710                      (Note 62.B.(iv))
        Pihak ketiga:                                                                                                   Third parties
          Rupiah                                            2.481.868            4.735.630                                 Rupiah
          Mata uang asing                                                                                      Foreign currencies
             (Catatan 62.B.(iv))                            3.420.249            2.965.777                      (Note 62.B.(iv))
                                                            5.902.117            7.701.407
        Total                                               6.719.192            7.991.117                                      Total


   b.    Berdasarkan jangka waktu:                                       b.   By period:
                                                   31 Desember 2025/    31 Desember 2024/
                                                   31 December 2025     31 December 2024
        Rupiah                                                                                                               Rupiah
          1 bulan                                          2.291.868             4.492.130                                1 month
          3 bulan                                            146.750               202.550                               3 months
          6 bulan                                             31.700                28.200                               6 months
          12 bulan                                            11.550                12.750                              12 months
        Total                                              2.481.868             4.735.630                                      Total
        Mata uang asing                                                                                          Foreign currencies
          1 bulan                                            478.634               740.370                               1 month
          3 bulan                                          1.167.250               643.800                              3 months
          6 bulan                                          1.745.945             1.227.517                              6 months
          12 bulan                                           345.245                32.190                             12 months
          Lebih dari 12 bulan                                500.250               611.610                   More than 12 months
        Total (Catatan 62.B.(iv))                          4.237.324             3.255.487                     Total (Note 62.B.(iv))
                                                           6.719.192             7.991.117


   c.    Tingkat suku bunga rata-rata (cost of funds) per                c.   Average interest rates (cost of funds) per annum:
         tahun:

                                                   31 Desember 2025/    31 Desember 2024/
                                                   31 December 2025     31 December 2024
        Rupiah                                                4,24%                  3,77%                                   Rupiah
        Mata uang asing (disetarakan                                                                Foreign currencies (equivalent to
          dalam Rupiah)                                       3,68%                  3,81%                                Rupiah)

   d.    Pada tanggal 31 Desember 2025 dan 2024,                         d.   As of 31 December 2025 and 2024, time deposits
         deposito berjangka dari bank lain yang menjadi                       from other banks pledged as collateral for loans
         jaminan atas kredit yang diberikan masing-masing                     amounted to Rp231,295 and Rp326,178,
         sebesar      Rp231.295        dan     Rp326.178                      respectively (Note 12B.c).
         (Catatan 12B.c).


                                                               240
Page 1255
                                                                                                                   The original consolidated financial statements
                                                                                                                 included herein are in the Indonesian language.

          PT BANK MANDIRI (PERSERO) Tbk                                                                  PT BANK MANDIRI (PERSERO) Tbk
              DAN ENTITAS ANAKNYA                                                                              AND ITS SUBSIDIARIES
        CATATAN ATAS LAPORAN KEUANGAN                                                                     NOTES TO THE CONSOLIDATED
                   KONSOLIDASIAN                                                                              FINANCIAL STATEMENTS
         Tanggal 31 Desember 2025 dan untuk                                                                As of 31 December 2025 and for
        Tahun Berakhir pada Tanggal Tersebut                                                                  for the Year Then Ended
           (Disajikan dalam jutaan Rupiah,                                                                (Expressed in millions of Rupiah,
               kecuali dinyatakan lain)                                                                       unless otherwise stated)

27. LIABILITAS KONTRAK ASURANSI                                                       27. INSURANCE CONTRACT LIABILITIES
   Liabilitas kontrak asuransi terdiri dari liabilitas Entitas                            Insurance contract liabilities consist of liabilities of the
   Anak (PT AXA Mandiri Financial Services) sebagai                                       Subsidiary (PT AXA Mandiri Financial Services) as
   berikut:                                                                               follows:
                                                              31 Desember 2025/          31 Desember 2024/
                                                              31 December 2025           31 December 2024
   Liabilitas kontrak asuransi:                                                                                                     Insurance contract liabilities:
       Liabilitas estimasi terbaik                                      32.164.590                                 -                  Best estimate liabilities
       Marjin jasa kontraktual                                           3.295.245                                 -             Contractual services margin
       Liabilitas klaim                                                  1.257.760                                 -             Liabilities for incurred claim
       Penyesuaian risiko                                                  447.382                                 -                          Risk adjustment
   Liabilitas kepada pemegang polis                                                                                                        Liabilities to unit-linked
       unit-link                                                           560.146                    28.012.886                                 policyholders
   Liabilitas kepada pemegang polis                                                                                                   Liabilities to non unit-linked
       non unit-link                                                       125.865                         7.474.601                              policyholders
                                                                      37.850.988                      35.487.487

   a.    Liabilitas kontrak asuransi                                                      a.         Insurance contract liabilities
                                               Kewajiban untuk sisa cakupan/
                                               Liability for remaining coverage
                                             Tidak termasuk                            Kewajiban
                                               komponen                                klaim yang
                                                kerugian/          Komponen              terjadi/
                                                Excluding           kerugian/            Liability
                                                  loss                Loss              incurred               Jumlah/
                                               component           component              claims                Total
    Per 1 Januari 2025                                                                                                                               At 1 January 2025
    Liabilitas kepada pemegang polis -
       PSAK 104                                   33.927.167               16.635               578.583          34.522.385       Liabilities to policyholders - SFAS 104
    Dampak penerapan awal PSAK 117                         -                    -              (295.809)           (295.809)     Impact of implementation of SFAS 117

    Liabilitas kontrak asuransi                   33.927.167               16.635              282.774           34.226.576              Insurance contract liabilities

    Pendapatan asuransi                                                                                                                             Insurance revenue
    Klaim yang diharapkan terjadi dan                                                                                               Expected incurred claims and other
       biaya jasa asuransi lainnya                (1.364.144)                     -                    -         (1.364.144)           insurance service expenses
    Margin layanan kontraktual                                                                                                             Contractual Service Margin
       untuk periode layanan                        (885.200)                     -                    -           (885.200)               for the Service Provided
    Penyesuaian risiko untuk risiko                                                                                                                    Risk Adjustment
       yang telah berakhir                           (78.910)                     -                    -            (78.910)                    for the Risk Expired
    Pemulihan arus kas akuisisi                                                                                                                  Recovery of insurance
       asuransi                                   (1.127.085)                     -                    -         (1.127.085)                  Acquistion Cashflows
    Kontrak dari PAA                                (768.726)                     -                    -           (768.726)                        Contracts from PAA

    Total pendapatan asuransi                     (4.224.065)                     -                    -         (4.224.065)                  Total insurance revenue
    Biasa jasa asuransi                                                                                                                    Insurance service expense
    Amortisasi arus kas akuisisi                                                                                                               Amortization of insurance
       asuransi                                    1.127.085                      -                    -          1.127.085                     acquistion cash flows
    Kerugian dan pembalikkan kerugian                                                                                                  Losses and reversal of losses on
       atas kontrak yang merugikan                            -            39.759                      -                39.759                     onerous contracts
    Klaim yang terjadi dan biaya layanan                                                                                            Incurred claims and other insurance
       asuransi lainnya                                       -           (2.834)           2.352.456             2.349.622                        service expenses

    Total biaya jasa asuransi                      1.127.085               36.925           2.352.456             3.516.466          Total Insurance service expense

    Hasil layanan asuransi                        (3.096.980)              36.925           2.352.456              (707.599)               Insurance service results
    Beban/(pendapatan) keuangan                                                                                                        Insurance finance in expense/
      asuransi                                    (2.782.767)               1.096           5.746.880             2.965.209                             (income)

    Total perubahan dalam laporan                 (5.879.747)              38.021           8.099.336             2.257.610         Total changes in the statement of
       laba rugi dan penghasilan                                                                                                           profit or loss and other
       komprehensif lainnya                                                                                                                comprehensive income
    Arus kas                                                                                                                                               Cash flows
    Premi dan pajak premi yang diterima            9.940.100                      -                    -          9.940.100        Premiums and premium tax received
    Biaya klaim dan biaya layanan asuransi                                                                                          Claims and other insurance service
       lainnya yang dibayarkan                              -                     -        (7.731.486)           (7.731.486)                        expenses paid
    Komponen investasi                                      -                     -                  -                     -                  Investment components
    Arus kas akuisisi asuransi                    (1.349.542)                     -                  -           (1.349.542)           Insurance acquisition cashflows

    Total arus kas                                 8.590.558                      -        (7.731.486)                 859.072                        Total cash flows

    Liabilitas kontrak asuransi                                                                                                      Net insurance contract liabilities
       per 31 Desember 2025                       36.637.978               54.656              650.624           37.343.258                as at 31 December 2025

    Perubahan Lain-Lain                             (227.731)                     -             49.450             (178.281)                          Other movements

    Liabilitas kontrak asuransi                                                                                                         Insurance contract liabilities
       per 31 Desember 2025 - neto                36.410.247               54.656              700.074           37.164.977          as at 31 December 2025 - net



                                                                                241
Page 1256
                                                                                                           The original consolidated financial statements
                                                                                                         included herein are in the Indonesian language.

          PT BANK MANDIRI (PERSERO) Tbk                                                      PT BANK MANDIRI (PERSERO) Tbk
              DAN ENTITAS ANAKNYA                                                                  AND ITS SUBSIDIARIES
        CATATAN ATAS LAPORAN KEUANGAN                                                         NOTES TO THE CONSOLIDATED
                   KONSOLIDASIAN                                                                  FINANCIAL STATEMENTS
         Tanggal 31 Desember 2025 dan untuk                                                    As of 31 December 2025 and for
        Tahun Berakhir pada Tanggal Tersebut                                                      for the Year Then Ended
           (Disajikan dalam jutaan Rupiah,                                                    (Expressed in millions of Rupiah,
               kecuali dinyatakan lain)                                                           unless otherwise stated)

27. LIABILITAS KONTRAK ASURANSI (lanjutan)                                    27. INSURANCE CONTRACT LIABILITIES (continued)

   b.     Liabilitas kepada pemegang polis unit-link                              b.     Liabilities to unit-linked policyholders

                                                            31 Desember 2025/   31 Desember 2024/
                                                            31 December 2025    31 December 2024
          Liabilitas kepada pemegang polis                                                                                       Liabilities to unit-linked
            unit-link                                                                                                                     policyholders
            Konvensional                                                    -               27.427.930                                    Conventional
            Syariah                                                   560.146                  584.956                                           Sharia
                                                                      560.146               28.012.886


          Liabilitas kepada pemegang polis unit-link                                      Liabilities to unit-linked policyholders are
          merupakan liabilitas Entitas Anak kepada                                        Subsidiary’s liabilities to policyholders on the
          pemegang polis pada kontrak unit-link Entitas                                   Subsidiary’s unit-link contracts placed in unit-link
          Anak yang ditempatkan pada investasi unit-link.                                 investment.

          Investasi pemegang polis pada kontrak unit-link di                           Underlying assets of the above policyholders’
          atas memiliki aset pendasar berupa aset                                      investment in unit-link contracts are financial assets
          keuangan terutama dalam bentuk kas, efek-efek                                mainly consist of cash, marketable securities and
          dan obligasi pemerintah. Investasi pemegang                                  government bonds. The investment of policyholders
          polis tersebut dicatat sesuai dengan jenis aset                              were recorded to the related financial assets in the
          keuangan dalam laporan posisi keuangan                                       consolidated statements of financial position.
          konsolidasian.

   c.    Liabilitas kepada pemegang polis non unit-link                          c.     Liabilities to non unit-linked policyholders

                                                            31 Desember 2025/   31 Desember 2024/
                                                            31 December 2025    31 December 2024
   Manfaat polis masa depan dari                                                                                              Future policy benefits from
        produk non unit-link                                           52.821                 7.001.569                        non unit-link products
   Premi yang belum merupakan
       pendapatan                                                       2.228                    105.310                           Unearned premiums
   Estimasi liabilitas klaim                                            4.303                    168.985                       Estimated claim liabilities
   Utang klaim                                                         13.553                    198.737                                Claim payables
   Titipan premi                                                       52.960                          -                         Policyholders deposits

                                                                      125.865                7.474.601

        *) Merupakan liabilitas untuk portofolio syariah.                              *) Liabilities for sharia portfolio.


        Liabilitas manfaat polis masa depan adalah jumlah                              Liability for future policy benefits is the amount of
        dana yang harus disediakan oleh penanggung untuk                               funds that must be provided by the insurer to pay
        membayar manfaat dan klaim di masa yang akan                                   benefits and claims in the future to the party as
        datang kepada pihak sebagaimana dinyatakan                                     stated in the policy. Changes in liability for future
        dalam polis. Perubahan liabilitas manfaat polis                                policy benefits are recognised in profit or loss for the
        masa depan diakui dalam laba rugi tahun berjalan.                              year. Liability for future policy benefits has been
        Liabilitas manfaat polis masa depan telah dihitung                             calculated using the Gross Premium Reserve
        menggunakan metode Gross Premium Reserve                                       method and the daily method. The assumptions
        maupun metode harian. Asumsi-asumsi yang                                       used to calculate future liability reserves for
        dipakai untuk menghitung cadangan liabilitas masa                              policyholders with Gross Premium Reserves are
        depan pemegang polis dengan Gross Premium                                      based on the best estimate assumptions which
        Reserve adalah berdasarkan asumsi estimasi                                     include assumptions on mortality, morbidity, lapses
        terbaik yang meliputi asumsi tingkat mortalita,                                expenses, inflation rates and interest rates.
        morbidita, tingkat pembatalan polis, biaya, tingkat
        inflasi, dan tingkat suku bunga.




                                                                        242
Page 1257
                                                                                                The original consolidated financial statements
                                                                                              included herein are in the Indonesian language.

          PT BANK MANDIRI (PERSERO) Tbk                                               PT BANK MANDIRI (PERSERO) Tbk
              DAN ENTITAS ANAKNYA                                                           AND ITS SUBSIDIARIES
        CATATAN ATAS LAPORAN KEUANGAN                                                  NOTES TO THE CONSOLIDATED
                   KONSOLIDASIAN                                                           FINANCIAL STATEMENTS
         Tanggal 31 Desember 2025 dan untuk                                             As of 31 December 2025 and for
        Tahun Berakhir pada Tanggal Tersebut                                               for the Year Then Ended
           (Disajikan dalam jutaan Rupiah,                                             (Expressed in millions of Rupiah,
               kecuali dinyatakan lain)                                                    unless otherwise stated)

27. LIABILITAS KONTRAK ASURANSI (lanjutan)                             27. INSURANCE CONTRACT LIABILITIES (continued)

   c.     Liabilitas kepada pemegang polis non unit-link                    c. Liabilities to        non      unit-linked     policyholders
          (lanjutan)                                                           (continued)

          Premi yang belum merupakan pendapatan adalah                             Unearned premiums are the portion of premiums
          bagian dari premi yang belum diakui sebagai                              that have not been recognised as income because
          pendapatan karena masa pertanggungannya                                  the coverage period is still running at the end of the
          masih berjalan pada akhir tahun. Cadangan atas                           year. Reserves for unearned premiums are
          premi yang belum merupakan pendapatan                                    calculated using the daily amortisation method with
          dihitung dengan menggunakan metode amortisasi                            consideration for the policy coverage period as
          harian    dengan   mempertimbangkan        masa                          calculated by the actuary.
          pertanggungan polis yang dihitung oleh aktuaris.

          Estimasi liabilitas klaim adalah estimasi liabilitas                     Estimated claim liability is estimated liability for
          atas klaim-klaim asuransi yang telah terjadi, yaitu                      insurance claims that have occurred, which are
          klaim-klaim yang belum diajukan oleh provider,                           claims that have not been submitted by the provider,
          serta klaim-klaim yang sudah diterima namun                              as well as claims that have been received but the
          belum ditentukan nilai gantinya.                                         replacement value has not been determined.

         Utang klaim adalah utang atas klaim-klaim                                 Claims payable is an payable of insurance claims
         asuransi yang telah diterima dan disetujui.                               that have been received and approved.

28. LIABILITAS ATAS EFEK-EFEK YANG DIJUAL                              28. SECURITIES SOLD UNDER AGREEMENTS TO
    DENGAN JANJI DIBELI KEMBALI                                            REPURCHASE LIABILITIES

                                                    31 Desember 2025/31 December 2025


                                                   Rentang
                                  Rentang           tanggal                         Pendapatan
                                   tanggal       jatuh tempo/      Nilai jual       bunga belum       Nilai
                                   dimulai/        Range of        kembali/          direalisasi/     neto/
                                  Range of          maturity        Resale          Unamortised      Carrying
                Jenis efek        start date          date         amount              interest      amount                 Transactions

        Pihak berelasi                                                                                                         Related parties
        Rupiah                                                                                                                        Rupiah
          Bank Lain                                                                                                         Bank Indonesia
            Obligasi pemerintah    18/12/2025       02/01/2026           20.215                 3          20.212        Government bonds

        Total                                                            20.215                 3          20.212                          Total

        Pihak ketiga                                                                                                             Third parties
        Rupiah                                                                                                                        Rupiah
          Bank lain                                                                                                            Other banks
            Obligasi pemerintah     09/12/2025      05/01/2026                                                           Government bonds
                                  - 29/12/2025    - 08/01/2026         1.676.522              893      1.675.629
          Efek-efek                 23/12/2025      06/01/2026                                                         Marketable securities
                                  - 24/12/2025    - 07/01/2026          105.621                74        105.547

                                                                       1.782.143              967      1.781.176

                                                                       1.802.358              970      1.801.388


        Mata uang asing                                                                                                    Foreign currencies
         Bank lain                                                                                                             Other banks
            Obligasi pemerintah     24/02/2022      09/01/2026                                                           Government bonds
                                  - 23/12/2025    - 03/04/2029     38.809.692           2.164.346     36.645.346
            Efek-efek               19/12/2024      26/03/2026                                                              Marketable securities
                                   -26/12/2025      22/07/2028         1.686.085          176.930      1.509.155

                                                                   40.495.777           2.341.276     38.154.501

                                                                   42.277.920           2.342.243     39.935.677

        Total                                                      42.298.135           2.342.246     39.955.889                           Total




                                                                 243
Page 1258
                                                                                                    The original consolidated financial statements
                                                                                                  included herein are in the Indonesian language.

          PT BANK MANDIRI (PERSERO) Tbk                                                   PT BANK MANDIRI (PERSERO) Tbk
              DAN ENTITAS ANAKNYA                                                               AND ITS SUBSIDIARIES
        CATATAN ATAS LAPORAN KEUANGAN                                                      NOTES TO THE CONSOLIDATED
                   KONSOLIDASIAN                                                               FINANCIAL STATEMENTS
         Tanggal 31 Desember 2025 dan untuk                                                 As of 31 December 2025 and for
        Tahun Berakhir pada Tanggal Tersebut                                                   for the Year Then Ended
           (Disajikan dalam jutaan Rupiah,                                                 (Expressed in millions of Rupiah,
               kecuali dinyatakan lain)                                                        unless otherwise stated)


28. LIABILITAS ATAS EFEK-EFEK YANG DIJUAL                                  28. SECURITIES SOLD UNDER AGREEMENTS TO
    DENGAN JANJI DIBELI KEMBALI (lanjutan)                                     REPURCHASE LIABILITIES (continued)

                                                       31 Desember 2024/31 December 2024


                                                      Rentang
                                    Rentang            tanggal                          Pendapatan
                                     tanggal        jatuh tempo/       Nilai jual       bunga belum       Nilai
                                     dimulai/         Range of         kembali/          direalisasi/     neto/
                                    Range of           maturity         Resale          Unamortised      Carrying
                Jenis efek          start date           date          amount              interest      amount               Transactions

        Pihak ketiga                                                                                                                 Third parties
        Rupiah                                                                                                                            Rupiah
          Bank Indonesia                                                                                                        Bank Indonesia
            Obligasi pemerintah       05/12/2025       02/01/2025                                                           Government bonds
                                    - 31/12/2024      - 20/01/2025      54.561.946             40.362     54.521.584
            Efek-efek                 09/12/2024       02/01/2025                                                           Marketable securities
                                    - 30/12/2024     - 30/01/2025          2.950.018            5.916      2.944.102
          Bank lain                                                                                                                Other banks
            Obligasi pemerintah       19/12/2024       02/01/2025                                                           Government bonds
                                    - 31/12//2024     - 14/01/2025           119.635              147       119.488

        Total                                                           57.631.599             46.425     57.585.174                          Total

        Mata uang asing                                                                                                         Foreign currencies
            Obligasi pemerintah       24/02/2022       28/01/2025                                                           Government bonds
                                    - 20/12/2024     - 03/04/2029      34.601.183          2.558.856      32.042.327
            Efek-efek                27/06//2022       27/06/2025                                                           Marketable securities
                                    - 20/12/2024     - 20/12//2027         706.436            77.712        628.724

                                                                        35.307.619          2.636.568     32.671.051

        Total                                                           92.939.218          2.682.993     90.256.225                         Total


29. LIABILITAS AKSEPTASI                                                   29. ACCEPTANCE PAYABLES

   a.    Berdasarkan jenis mata uang, pihak berelasi dan                        a.     By currencies, related parties and third parties:
         pihak ketiga:

                                                    31 Desember 2025/         31 Desember 2024/
                                                    31 December 2025          31 December 2024

        Rupiah                                                                                                                          Rupiah
          Liabilitas kepada bank lain                                                                                 Payables to other banks
             Pihak berelasi (Catatan 56)                      1.405.305                    1.990.274             Related parties (Note 56)
             Pihak ketiga                                     1.815.919                    2.608.480                          Third parties
          Liabilitas kepada debitur                                                                                       Payables to debtors
             Pihak berelasi (Catatan 56)                           300.747                   188.236            Related parties (Notes 56)
             Pihak ketiga                                          315.772                   549.094                          Third parties

        Total                                                 3.837.743                    5.336.084                                         Total


        Mata uang asing                                                                                                     Foreign currencies
          Liabilitas kepada bank lain                                                                               Payables to other banks
             Pihak berelasi (Catatan 56)                         15.048                      367.298             Related parties (Note 56)
             Pihak ketiga                                     3.769.178                    3.354.959                          Third parties

           Liabilitas kepada debitur                                                                                       Payables to debtors
              Pihak berelasi (Catatan 56)                            7.232                    19.479                Related parties (Note 56)
              Pihak ketiga                                         290.132                    58.193                             Third parties

        Total (Catatan 62.B.(iv))                             4.081.590                    3.799.929                        Total (Note 62.B.(iv))

                                                              7.919.333                    9.136.013




                                                                     244
Page 1259
                                                                              The original consolidated financial statements
                                                                            included herein are in the Indonesian language.

          PT BANK MANDIRI (PERSERO) Tbk                               PT BANK MANDIRI (PERSERO) Tbk
              DAN ENTITAS ANAKNYA                                           AND ITS SUBSIDIARIES
        CATATAN ATAS LAPORAN KEUANGAN                                  NOTES TO THE CONSOLIDATED
                   KONSOLIDASIAN                                           FINANCIAL STATEMENTS
         Tanggal 31 Desember 2025 dan untuk                             As of 31 December 2025 and for
        Tahun Berakhir pada Tanggal Tersebut                               for the Year Then Ended
           (Disajikan dalam jutaan Rupiah,                             (Expressed in millions of Rupiah,
               kecuali dinyatakan lain)                                    unless otherwise stated)

29. LIABILITAS AKSEPTASI (lanjutan)                       29. ACCEPTANCE PAYABLES (continued)

   b.     Berdasarkan jatuh tempo:                            b.   By maturity:

                                        31 Desember 2025/    31 Desember 2024/
                                        31 December 2025     31 December 2024

         Rupiah                                                                                                   Rupiah
           Kurang dari 1 bulan                     924.501              917.321                      Less than 1 month
           1 - 3 bulan                           1.373.653            2.552.176                            1 - 3 months
           3 - 6 bulan                           1.107.270            1.866.587                            3 - 6 months
           6 - 12 bulan                            432.319                    -                          6 - 12 months
         Total                                   3.837.743            5.336.084                                      Total
         Mata uang asing                                                                              Foreign currencies
           Kurang dari 1 bulan                   1.349.463            1.082.622                     Less than 1 month
           1 - 3 bulan                           1.142.466            1.889.492                           1 - 3 months
           3 - 6 bulan                           1.191.404              547.886                           3 - 6 months
           6 - 12 bulan                             19.081               30.962                          6 - 12 months
           Lebih dari 12 bulan                     379.176              248.967                   More than 12 months

         Total (Catatan 62.B.(iv))               4.081.590            3.799.929                      Total (Note 62.B.(iv))

                                                 7.919.333            9.136.013

30. EFEK-EFEK YANG DITERBITKAN                            30. DEBT SECURITIES ISSUED
                                        31 Desember 2025/    31 Desember 2024/
                                        31 December 2025     31 December 2024

  Rupiah                                                                                                           Rupiah
    Pihak berelasi (Catatan 56)                                                               Related parties (Note 56)
      Obligasi                                   5.695.720            3.922.950                                Bonds
      Sukuk Mudharabah                                                                           Sukuk Mudharabah
         Sustainability                           629.500               255.500                      Sustainability
      Sertifikat Investasi                                                                    Interbank Mudharabah
         Mudharabah Antarbank                                                               Investment Certificate
         (SIMA)                                   100.000               402.375                            (SIMA)
                                                 6.425.220            4.580.825
    Pihak ketiga                                                                                           Third parties
      Obligasi                                 22.165.905            12.575.161                                Bonds
      Sukuk Mudharabah                                                                          Sukuk Mudharabah
        Sustainability                           5.570.500            2.342.126                      Sustainability
      Cek perjalanan Mandiri                        59.288               59.289           Mandiri travelers’ cheques
      Sukuk Mudharabah                                                                          Sukuk Mudharabah
        Muqayyadah I Tahap IV                       7.936                      -          Muqayyadah I Phase IV
      Sukuk Mudharabah                                                                          Sukuk Mudharabah
        Muqayyadah I Tahap I                        7.306                 3.307            Muqayyadah I Phase I
      Sukuk Mudharabah                                                                          Sukuk Mudharabah
        Muqayyadah I Tahap III                      6.653                 7.969           Muqayyadah I Phase III
      Sukuk Mudharabah                                                                          Sukuk Mudharabah
        Muqayyadah I Tahap II                       3.007                 7.286           Muqayyadah I Phase II

         Sertifikat Investasi                                                                 Interbank Mudharabah
           Mudharabah Antarbank                                                             Investment Certificate
           (SIMA)                                4.788.886            3.967.484                           (SIMA)
                                               32.609.481            18.962.622
                                               39.034.701            23.543.447
  Mata uang asing (Catatan 62.B.(iv))                                                  Foreign currencies (Note 62.B.(iv))
    Pihak ketiga                                                                                          Third parties
      Obligasi                                 23.277.310            17.676.520                               Bonds
                                               62.312.011            41.219.967
  Dikurangi: biaya penerbitan yang                                                                Less: unamortised debt
    belum diamortisasi                           (106.780)              (78.900 )                        issuance cost
  Neto                                         62.205.231            41.141.067                                        Net


                                                    245
Page 1260
                                                                                  The original consolidated financial statements
                                                                                included herein are in the Indonesian language.

        PT BANK MANDIRI (PERSERO) Tbk                                     PT BANK MANDIRI (PERSERO) Tbk
            DAN ENTITAS ANAKNYA                                                 AND ITS SUBSIDIARIES
      CATATAN ATAS LAPORAN KEUANGAN                                        NOTES TO THE CONSOLIDATED
                 KONSOLIDASIAN                                                 FINANCIAL STATEMENTS
       Tanggal 31 Desember 2025 dan untuk                                   As of 31 December 2025 and for
      Tahun Berakhir pada Tanggal Tersebut                                     for the Year Then Ended
         (Disajikan dalam jutaan Rupiah,                                   (Expressed in millions of Rupiah,
             kecuali dinyatakan lain)                                          unless otherwise stated)

30. EFEK-EFEK YANG DITERBITKAN (lanjutan)                     30. DEBT SECURITIES ISSUED (continued)

   Obligasi                                                      Bonds

   Bank Mandiri                                                  Bank Mandiri

   Rupiah                                                        Rupiah

   Pada tanggal 19 Desember 2025, Bank Mandiri                   On 25 March 2025, Bank Mandiri issued Continuous
   menerbitkan Obligasi Keberlanjutan Berkelanjutan I            Sustainability Bond I Bank Mandiri Phase I Year 2025
   Bank Mandiri Tahap I Tahun 2025 (“Obligasi                    (“Continuous Sustainability Bond I Phase I”) with nominal
   Keberlanjutan Berkelanjutan I Tahap I”) dengan nilai          value of Rp5,000,000, which consist of 3 (three) series:
   nominal sebesar Rp5.000.000 yang terdiri atas 3 (tiga)
   seri:

                                                   Tingkat bunga tetap
                                                        per tahun/
                            Nilai nominal/          Fixed interest rate          Jatuh tempo/
       Obligasi             Nominal value               per annum                Maturity date                  Bonds
                                                                                29 Desember 2026/
   Seri A                            1.000.000                    4,85%          29 December 2026                    Series A
                                                                                19 Desember 2028/
   Seri B                            2.000.000                    5,45%          19 December 2028                    Series B
                                                                                19 Desember 2030/
   Seri C                            2.000.000                    5,95%          19 December 2030                    Series C

   Obligasi Keberlanjutan Berkelanjutan I Tahap I                Continuous Sustainability Bond I Phase I is offered at
   ditawarkan dengan nilai 100% (seratus persen) dari            100% (one hundred percent) of the principal amount of
   jumlah pokok obligasi. Bunga obligasi dibayarkan              bonds. The bond interest is paid on a quarterly basis
   setiap triwulan, dengan pembayaran bunga pertama              with the first interest payment made on 19 March 2026,
   dilakukan pada tanggal 19 Maret 2026, sedangkan               while the last interest payment and maturity date of the
   pembayaran bunga terakhir sekaligus jatuh tempo               bonds is on 29 December 2026 for Series A, 19
   obligasi adalah pada tanggal 29 Desember 2026 untuk           December 2028 for Series B, and 19 December 2030
   seri A, 19 Desember 2028 untuk seri B, dan 19                 for Series C which is also the redemption date of the
   Desember 2030 untuk seri C yang juga merupakan                principal of each series of bonds. The payments of the
   tanggal pelunasan pokok dari masing-masing seri               bonds principal will be fully paid on the maturity date.
   obligasi. Pembayaran pokok obligasi dilakukan secara          The trustee of the bond issuance of Continuous
   penuh pada saat tanggal jatuh tempo. Wali amanat              Sustainability Bond I Phase I is PT Bank Tabungan
   dari penerbitan Obligasi Keberlanjutan Berkelanjutan I        Negara (Persero) Tbk. All funds obtained from the
   Tahap I adalah PT Bank Tabungan Negara (Persero)              issuance of this public offering, after omitting issuance
   Tbk. Seluruh dana yang diperoleh dari hasil                   cost, will be used entirely on the financing or refinancing
   Penawaran Umum Obligasi Keberlanjutan ini, setelah            of Environmental Based Business Activity (hereinafter
   dikurangi biaya-biaya Emisi, akan digunakan                   abbreviated as KUBL or Kegiatan Usaha Berwawasan
   seluruhnya untuk melakukan pembiayaan (finance)               Lingkungan) and/or Social Based Business Activity
   atau pembiayaan ulang (refinance) atas kegiatan-              (hereinafter abbreviated as KUBS or Kegiatan Usaha
   kegiatan yang termasuk dalam kategori Kegiatan                Berwawasan Sosial) as regulated on POJK No. 18 Year
   Usaha Berwawasan Lingkungan (KUBL) dan/atau                   2023 concerning Issuance And Requirements of
   Kegiatan Usaha Berwawasan Sosial (KUBS)                       Sustainability Debt and Sukuk Securities, with allocation
   sebagaimana diatur dalam POJK No. 18 Tahun 2023               of approximately 60% (sixty percent) goes to the
   tentang Penerbitan Dan Persyaratan Efek Bersifat              financing or refinancing of Environmental Based
   Utang Dan Sukuk Berlandaskan Keberlanjutan,                   Business Activity and approximately 40% (forty percent)
   dengan alokasi sekitar 60% (enam puluh persen)                goes to the financing or refinancing of Social Based
   digunakan untuk membiayai atau membiayai kembali              Business Activity.
   KUBL dan sekitar 40% (empat puluh persen)
   digunakan untuk membiayai atau membiayai Kembali
   KUBS.

   Pada tanggal 31 Desember 2025, peringkat Obligasi             As of 31 December 2025, the Pefindo’s rating of the
   Keberlanjutan Berkelanjutan I Tahap I menurut Pefindo         Continuous Green Bond I Phase I is idAAA (triple A).
   adalah idAAA (triple A).


                                                        246
Page 1261
                                                                                The original consolidated financial statements
                                                                              included herein are in the Indonesian language.

        PT BANK MANDIRI (PERSERO) Tbk                                    PT BANK MANDIRI (PERSERO) Tbk
            DAN ENTITAS ANAKNYA                                                AND ITS SUBSIDIARIES
      CATATAN ATAS LAPORAN KEUANGAN                                       NOTES TO THE CONSOLIDATED
                 KONSOLIDASIAN                                                FINANCIAL STATEMENTS
       Tanggal 31 Desember 2025 dan untuk                                  As of 31 December 2025 and for
      Tahun Berakhir pada Tanggal Tersebut                                    for the Year Then Ended
         (Disajikan dalam jutaan Rupiah,                                  (Expressed in millions of Rupiah,
             kecuali dinyatakan lain)                                         unless otherwise stated)

30. EFEK-EFEK YANG DITERBITKAN (lanjutan)                    30. DEBT SECURITIES ISSUED (continued)

   Obligasi (lanjutan)                                          Bonds (continued)

   Bank Mandiri (lanjutan)                                      Bank Mandiri (continued)

   Rupiah (lanjutan)                                            Rupiah (continued)

   Pada tanggal 25 Maret 2025, Bank Mandiri menerbitkan         On 25 March 2025, Bank Mandiri issued Continuous
   Obligasi Berwawasan Lingkungan Berkelanjutan I Bank          Green Bond I Bank Mandiri Phase II Year 2025
   Mandiri Tahap II Tahun 2025 (“Obligasi Berwawasan            (“Continuous Green Bond I Phase II”) with nominal value
   Lingkungan Berkelanjutan I Tahap II”) dengan nilai           of Rp5,000,000, which consist of 2 (two) series:
   nominal sebesar Rp5.000.000 yang terdiri atas 2 (dua)
   seri:

                                                  Tingkat bunga tetap
                                                       per tahun/
                             Nilai nominal/        Fixed interest rate         Jatuh tempo/
       Obligasi              Nominal value             per annum               Maturity date                  Bonds
                                                                                     5 April 2026/
   Seri A                             500.000                    6,35%                5 April 2026                 Series A
                                                                                   25 Maret 2028/
   Seri B                            4.500.000                   6,65%             25 March 2028                   Series B

   Obligasi Berwawasan Lingkungan Berkelanjutan I               Continuous Green Bond I Phase II is offered at 100%
   Tahap II ditawarkan dengan nilai 100% (seratus               (one hundred percent) of the principal amount of bonds.
   persen) dari jumlah pokok obligasi. Bunga obligasi           The bond interest is paid on a quarterly basis with the
   dibayarkan setiap triwulan, dengan pembayaran                first interest payment made on 25 June 2025, while the
   bunga pertama dilakukan pada tanggal 25 Juni 2025,           last interest payment and maturity date of the bonds is
   sedangkan pembayaran bunga terakhir sekaligus                on 5 April 2026 for Series A and 25 March 2028 for
   jatuh tempo obligasi adalah pada tanggal 5 April 2026        Series B which is also the redemption date of the
   untuk seri A dan 25 Maret 2028 untuk seri B yang juga        principal of each series of bonds. The payments of the
   merupakan tanggal pelunasan pokok dari masing-               bonds principal will be fully paid on the maturity date.
   masing seri obligasi. Pembayaran pokok obligasi              The trustee of the bond issuance of Continuous Green
   dilakukan secara penuh pada saat tanggal jatuh               Bond I Phase I is PT Bank Tabungan Negara (Persero)
   tempo. Wali amanat dari penerbitan Obligasi                  Tbk. All funds obtained from the issuance of this public
   Berwawasan Lingkungan Berkelanjutan I Tahap II               offering, after omitting issuance cost, will be used
   adalah PT Bank Tabungan Negara (Persero) Tbk.                entirely on the financing or refinancing of Environmental
   Seluruh dana yang diperoleh dari hasil Penawaran             Based Business Activity (hereinafter abbreviated as
   Umum Obligasi Berwawasan Lingkungan ini, setelah             KUBL or Kegiatan Usaha Berwawasan Lingkungan
   dikurangi biaya-biaya Emisi, akan digunakan                  (KUBL) as regulated on POJK No. 18 Year 2023
   seluruhnya untuk melakukan pembiayaan (finance)              concerning       Issuance     And     Requirements     of
   atau pembiayaan ulang (refinance) atas kegiatan-             Sustainability Debt and Sukuk Securities, with allocation
   kegiatan yang termasuk dalam kategori Kegiatan               of at least 70% (seventy percent) goes to the financing
   Usaha Berwawasan Lingkungan (KUBL) sebagaimana               of Environmental Based Business Activity.
   diatur dalam POJK No. 18 Tahun 2023 tentang
   Penerbitan Dan Persyaratan Efek Bersifat Utang Dan
   Sukuk Berlandaskan Keberlanjutan, dengan porsi
   paling sedikit sebesar 70% (tujuh puluh persen)
   digunakan untuk membiayai KUBL.

   Pada tanggal 31 Desember 2025, peringkat Obligasi            As of 31 December 2025, the Pefindo’s rating of the
   Berwawasan Lingkungan Berkelanjutan I Tahap II               Continuous Green Bond I Phase II is idAAA (triple A).
   menurut Pefindo adalah idAAA (triple A).




                                                       247
Page 1262
                                                                               The original consolidated financial statements
                                                                             included herein are in the Indonesian language.

        PT BANK MANDIRI (PERSERO) Tbk                                 PT BANK MANDIRI (PERSERO) Tbk
            DAN ENTITAS ANAKNYA                                             AND ITS SUBSIDIARIES
      CATATAN ATAS LAPORAN KEUANGAN                                    NOTES TO THE CONSOLIDATED
                 KONSOLIDASIAN                                             FINANCIAL STATEMENTS
       Tanggal 31 Desember 2025 dan untuk                               As of 31 December 2025 and for
      Tahun Berakhir pada Tanggal Tersebut                                 for the Year Then Ended
         (Disajikan dalam jutaan Rupiah,                               (Expressed in millions of Rupiah,
             kecuali dinyatakan lain)                                      unless otherwise stated)

30. EFEK-EFEK YANG DITERBITKAN (lanjutan)                   30. DEBT SECURITIES ISSUED (continued)

   Obligasi (lanjutan)                                         Bonds (continued)

   Bank Mandiri (lanjutan)                                     Bank Mandiri (continued)

   Rupiah (lanjutan)                                           Rupiah (continued)

   Pada tanggal 4 Juli 2023, Bank Mandiri menerbitkan          On 4 July 2023, Bank Mandiri issued Continuous Green
   Obligasi Berwawasan Lingkungan Berkelanjutan I Bank         Bond I Bank Mandiri Phase I Year 2023 (“Continuous
   Mandiri Tahap I Tahun 2023 (“Obligasi Berwawasan            Green Bond I Phase I”) with total nominal value
   Lingkungan Berkelanjutan I Tahap I”) dengan nilai           Rp5,000,000, which consist of 2 (two) series.
   nominal sebesar Rp5.000.000 yang terdiri atas 2 (dua)
   seri:

                                                  Tingkat bunga tetap
                                                       per tahun/
                             Nilai nominal/        Fixed interest rate          Jatuh tempo/
         Obligasi            Nominal value             per annum                Maturity date                Bonds


                                                                                       4 Juli 2026/
   Seri A                            1.950.000                   5,80%                 4 July 2026               Series A
                                                                                       4 Juli 2028/
   Seri B                            3.050.000                   6,10%                 4 July 2028               Series B

   Obligasi Berwawasan Lingkungan Berkelanjutan I              Continuous Green Bond I Phase I is offered at 100%
   Tahap I ditawarkan dengan nilai 100% (seratus               (one hundred percent) of the principal amount of bonds.
   persen) dari jumlah pokok obligasi. Bunga obligasi          The bond interest is paid on a quarterly basis with the
   dibayarkan setiap triwulan, dengan pembayaran bunga         first interest payment made on 4 October 2023, while
   pertama dilakukan pada tanggal 4 Oktober 2023,              the last interest payment and maturity date of the bonds
   sedangkan pembayaran bunga terakhir sekaligus jatuh         is on 4 July 2026 for Series A and 4 July 2028 for Series
   tempo obligasi adalah pada tanggal 4 Juli 2026 untuk        B which is also the redemption date of the principal of
   seri A dan 4 Juli 2028 untuk seri B yang juga               each series of bonds. The payments of the bonds
   merupakan tanggal pelunasan pokok dari masing-              principal will be fully paid on the maturity date. The
   masing seri obligasi. Pembayaran pokok obligasi             trustee of the bond issuance of Continuous Green Bond
   dilakukan secara penuh pada saat tanggal jatuh              I Phase I is PT Bank Negara Indonesia (Persero) Tbk
   tempo. Wali amanat dari penerbitan Obligasi                 All funds obtained from the issuance of this public
   Berwawasan Lingkungan Berkelanjutan I Tahap I               offering, after omitting issuance cost, will be used
   adalah PT Bank Negara Indonesia (Persero) Tbk               entirely on the financing or refinancing of Environmental
   Seluruh dana yang diperoleh dari hasil Penawaran            Based Business Activity (hereinafter abbreviated as
   Umum Obligasi Berwawasan Lingkungan ini, setelah            KUBL or Kegiatan Usaha Berwawasan Lingkungan
   dikurangi biaya-biaya Emisi, akan digunakan                 (KUBL) as regulated on POJK No. 18 Year 2023
   seluruhnya untuk melakukan pembiayaan (finance)             concerning       Issuance     and     Requirements      of
   atau pembiayaan ulang (refinance) atas kegiatan-            Sustainability Debt and Sukuk Securities, with allocation
   kegiatan yang termasuk dalam kategori Kegiatan              of at least 70% (seventy percent) goes to the financing
   Usaha Berwawasan Lingkungan (KUBL) sebagaimana              of Environmental Based Business Activity.
   diatur dalam POJK No. 18 Tahun 2023 tentang
   Penerbitan Dan Persyaratan Efek Bersifat Utang Dan
   Sukuk Berlandaskan Keberlanjutan, dengan porsi
   paling sedikit sebesar 70% (tujuh puluh persen)
   digunakan untuk membiayai KUBL.

   Pada tanggal 31 Desember 2025 dan 2024, peringkat           As of 31 December 2025 and 2024, the Pefindo’s rating
   Obligasi Berwawasan Lingkungan Berkelanjutan I              of the Continuous Green Bond I Phase I is idAAA (triple
   Tahap I menurut Pefindo adalah idAAA (triple A).            A).




                                                      248
Page 1263
                                                                                  The original consolidated financial statements
                                                                                included herein are in the Indonesian language.

        PT BANK MANDIRI (PERSERO) Tbk                                      PT BANK MANDIRI (PERSERO) Tbk
            DAN ENTITAS ANAKNYA                                                  AND ITS SUBSIDIARIES
      CATATAN ATAS LAPORAN KEUANGAN                                         NOTES TO THE CONSOLIDATED
                 KONSOLIDASIAN                                                  FINANCIAL STATEMENTS
       Tanggal 31 Desember 2025 dan untuk                                    As of 31 December 2025 and for
      Tahun Berakhir pada Tanggal Tersebut                                      for the Year Then Ended
         (Disajikan dalam jutaan Rupiah,                                    (Expressed in millions of Rupiah,
             kecuali dinyatakan lain)                                           unless otherwise stated)

30. EFEK-EFEK YANG DITERBITKAN (lanjutan)                      30. DEBT SECURITIES ISSUED (continued)

   Obligasi (lanjutan)                                            Bonds (continued)

   Bank Mandiri (lanjutan)                                        Bank Mandiri (continued)

   Rupiah (lanjutan)                                              Rupiah (continued)

   Pada tanggal 12 Mei 2020, Bank Mandiri menerbitkan             On 12 May 2020, Bank Mandiri issued Continuous
   Obligasi Berkelanjutan II Bank Mandiri Tahap I Tahun           Bonds II Bank Mandiri Phase I Year 2020 (“Continuous
   2020 (“Obligasi Berkelanjutan II Tahap I”) dengan nilai        Bonds II Phase I”) with total nominal value Rp1,000,000,
   nominal sebesar Rp1.000.000 yang terdiri atas 2 (dua)          which consist of 2 (two) series:
   seri:

                                                    Tingkat bunga tetap
                                                         per tahun/
                             Nilai nominal/          Fixed interest rate         Jatuh tempo/
      Obligasi               Nominal value               per annum               Maturity date                  Bonds
                                                                                       12 Mei 2025/
   Seri A                              350.000                     7,75%               12 May 2025                   Series A
                                                                                       12 Mei 2027/
   Seri B                              650.000                     8,30%               12 May 2027                   Series B

   Obligasi Berkelanjutan II Tahap I ditawarkan dengan            Continuous Bonds II Phase I is offered at 100% (one
   nilai 100% (seratus persen) dari jumlah pokok obligasi.        hundred percent) of the principal amount of bonds. The
   Bunga obligasi dibayarkan setiap triwulan, dengan              bond interest is paid on quarterly basis with the first
   pembayaran bunga pertama dilakukan pada tanggal                interest payment was made on 12 August 2020, while
   12 Agustus 2020, sedangkan pembayaran bunga                    the last interest payment and maturity date of the bonds
   terakhir sekaligus jatuh tempo obligasi adalah pada            will be on 12 May 2025 for Series A and 12 May 2027 for
   tanggal 12 Mei 2025 untuk seri A dan 12 Mei 2027               Series B which is also the redemption date of the
   untuk seri B yang juga merupakan tanggal pelunasan             principal of each series of bonds. Principal payment for
   pokok dari masing-masing seri obligasi. Pembayaran             Series A had been fully paid on the maturity date. The
   pokok obligasi untuk Seri A telah dilakukan secara             trustee of the bond issuance of Continuous Bonds II
   penuh pada saat tanggal jatuh tempo. Wali amanat dari          Phase I is PT Bank Permata Tbk.
   penerbitan Obligasi Berkelanjutan II Tahap I adalah
   PT Bank Permata Tbk.

   Pada tanggal 31 Desember 2025 dan 2024, peringkat               As of 31 December 2025 and 2024, the Pefindo’s rating
   Obligasi Berkelanjutan II Tahap I menurut Pefindo               of the Continuous Bonds II Phase I is idAAA (triple A).
   adalah idAAA (triple A).




                                                         249
Page 1264
                                                                                  The original consolidated financial statements
                                                                                included herein are in the Indonesian language.

        PT BANK MANDIRI (PERSERO) Tbk                                      PT BANK MANDIRI (PERSERO) Tbk
            DAN ENTITAS ANAKNYA                                                  AND ITS SUBSIDIARIES
      CATATAN ATAS LAPORAN KEUANGAN                                         NOTES TO THE CONSOLIDATED
                 KONSOLIDASIAN                                                  FINANCIAL STATEMENTS
       Tanggal 31 Desember 2025 dan untuk                                    As of 31 December 2025 and for
      Tahun Berakhir pada Tanggal Tersebut                                      for the Year Then Ended
         (Disajikan dalam jutaan Rupiah,                                    (Expressed in millions of Rupiah,
             kecuali dinyatakan lain)                                           unless otherwise stated)

30. EFEK-EFEK YANG DITERBITKAN (lanjutan)                      30. DEBT SECURITIES ISSUED (continued)

   Obligasi (lanjutan)                                            Bonds (continued)

   Bank Mandiri (lanjutan)                                        Bank Mandiri (continued)

   Rupiah (lanjutan)                                              Rupiah (continued)

   Pada tanggal 15 Juni 2017, Bank Mandiri menerbitkan            On 15 June 2017, Bank Mandiri issued Continuous
   Obligasi Berkelanjutan I Bank Mandiri Tahap II Tahun           Bonds I Bank Mandiri Phase II Year 2017 (“Continuous
   2017 (“Obligasi Berkelanjutan I Tahap II”) dengan nilai        Bonds I Phase II”) with total nominal value of
   nominal sebesar Rp6.000.000 yang terdiri atas 4                Rp6,000,000, which consist of 4 (four) series:
   (empat) seri:

                                                    Tingkat bunga tetap
                                                         per tahun/
                             Nilai nominal/          Fixed interest rate          Jatuh tempo/
       Obligasi              Nominal value               per annum                Maturity date                 Bonds
                                                                                       15 Juni 2022/
   Seri A                            1.000.000                     8,00%               15 June 2022                  Series A
                                                                                       15 Juni 2024/
   Seri B                            3.000.000                     8,50%               15 June 2024                  Series B
                                                                                       15 Juni 2027/
   Seri C                            1.000.000                     8,65%               15 June 2027                 Series C
                                                                                       15 Juni 2020/
   Seri D                            1.000.000                     7,80%               15 June 2020                 Series D

   Obligasi Berkelanjutan I Tahap II Seri A, Seri B dan           Continuous Bonds I Phase II Series A, Series B and
   Seri C ditawarkan dengan nilai 100% (seratus persen)           Series C are offered at 100% (one hundred percent) of
   dari jumlah pokok obligasi. Bunga obligasi dibayarkan          the principal amount of the bonds. The interest of the
   setiap triwulan, dengan pembayaran bunga pertama               bond is paid on quarterly basis, with the first payment
   dilakukan pada tanggal 15 September 2017                       made on 15 September 2017 while the last interest
   sedangkan pembayaran bunga terakhir sekaligus jatuh            payment date and maturity date of the bonds are on
   tempo obligasi adalah pada tanggal 15 Juni 2022 untuk          15 June 2022 for Series A, 15 June 2024 for Series B
   Seri A, 15 Juni 2024 untuk Seri B dan 15 Juni 2027             and 15 June 2027 for Series C which is also the
   untuk Seri C yang juga merupakan tanggal pelunasan             redemption date of the principal of each series of bonds.
   pokok dari masing-masing seri obligasi. Obligasi Seri          Series D bonds are offered without interest at a bid price
   D ditawarkan tanpa bunga dengan harga penawaran                of 79.3146% (seventy nine point three one four six
   senilai 79,3146% (tujuh puluh sembilan koma tiga satu          percent) of the principal amount of bonds and the
   empat enam persen) dari jumlah pokok obligasi dan              maturity date is 15 June 2020. Principal payment for
   telah jatuh tempo pada tanggal 15 Juni 2020.                   Series A, Series B, and Series D had been fully paid on
   Pembayaran pokok obligasi untuk Seri A, Seri B, dan            the maturity date. The trustee of the Continuous Bonds
   Seri D telah dilakukan secara penuh pada saat tanggal          I Phase II issuance is PT Bank Tabungan Negara
   jatuh tempo. Wali amanat dari penerbitan Obligasi              (Persero) Tbk.
   Berkelanjutan I Tahap II adalah PT Bank Tabungan
   Negara (Persero) Tbk.




                                                         250
Page 1265
                                                                                The original consolidated financial statements
                                                                              included herein are in the Indonesian language.

        PT BANK MANDIRI (PERSERO) Tbk                                   PT BANK MANDIRI (PERSERO) Tbk
            DAN ENTITAS ANAKNYA                                               AND ITS SUBSIDIARIES
      CATATAN ATAS LAPORAN KEUANGAN                                      NOTES TO THE CONSOLIDATED
                 KONSOLIDASIAN                                               FINANCIAL STATEMENTS
       Tanggal 31 Desember 2025 dan untuk                                 As of 31 December 2025 and for
      Tahun Berakhir pada Tanggal Tersebut                                   for the Year Then Ended
         (Disajikan dalam jutaan Rupiah,                                 (Expressed in millions of Rupiah,
             kecuali dinyatakan lain)                                        unless otherwise stated)

30. EFEK-EFEK YANG DITERBITKAN (lanjutan)                    30. DEBT SECURITIES ISSUED (continued)

   Obligasi (lanjutan)                                          Bonds (continued)

   Bank Mandiri (lanjutan)                                      Bank Mandiri (continued)

   Rupiah (lanjutan)                                            Rupiah (continued)

   Pada tanggal 30 September 2016, Bank Mandiri                 On 30 September 2016, Bank Mandiri issued
   menerbitkan Obligasi Berkelanjutan I Bank Mandiri            Continuous Bonds I Bank Mandiri Phase I Year 2016
   Tahap I Tahun 2016 (“Obligasi Berkelanjutan I Tahap          (“Continuous Bonds I Phase I”) with total nominal value
   I”) dengan nilai nominal sebesar Rp5.000.000 yang            of Rp5,000,000 which consist of 3 (three) series:
   terdiri atas 3 (tiga) seri:

                                                 Tingkat bunga tetap
                                                      per tahun/
                             Nilai nominal/       Fixed interest rate         Jatuh tempo/
      Obligasi               Nominal value            per annum               Maturity date                   Bonds
                                                                            30 September 2021/
   Seri A                            1.100.000                  7,95%        30 September 2021                       Series A
                                                                            30 September 2023/
   Seri B                            1.500.000                  8,50%        30 September 2023                       Series B
                                                                            30 September 2026/
   Seri C                            2.400.000                  8,65%        30 September 2026                       Series C

   Bunga Obligasi Berkelanjutan I Tahap I dibayarkan            The interest of Continuous Bonds I Phase I is paid on a
   setiap triwulan, dengan pembayaran bunga pertama             quarterly basis, with the first interest payment made on
   dilakukan pada tanggal 30 Desember 2016 sedangkan            30 December 2016 while the last interest and principal
   pembayaran bunga obligasi terakhir sekaligus jatuh           payment date of the bonds are on 30 September 2021
   tempo obligasi adalah 30 September 2021 untuk Seri           for Series A, 30 September 2023 for Series B and
   A, 30 September 2023 untuk Seri B, dan 30 September          30 September 2026 for Series C which is also the
   2026 untuk seri C yang juga merupakan tanggal                redemption date the principal of each series of bonds.
   pelunasan pokok dari masing-masing seri obligasi.            Principal payment for Series A and Series B had been
   Pembayaran pokok obligasi untuk Seri A dan Seri B            fully paid on the maturity date. The trustee for
   telah dilakukan secara penuh pada saat tanggal jatuh         Continuous Bonds I Phase I is PT Bank Tabungan
   tempo. Wali amanat dari penerbitan Obligasi                  Negara (Persero) Tbk.
   Berkelanjutan I Tahap I adalah PT Bank Tabungan
   Negara (Persero) Tbk.

   Pada tanggal 31 Desember 2025 dan 2024, peringkat            As of 31 December 2025 and 2024, the Pefindo’s rating
   Obligasi Berkelanjutan I Tahap I dan Tahap II menurut        of Continuous Bonds I Phase I and Phase II is idAAA
   Pefindo adalah idAAA (triple A).                             (triple A).

   Selama berlakunya jangka waktu obligasi dan sebelum          During the validity periods of the bonds and prior to the
   dilunasinya    jumlah    terhutang,  Bank Mandiri            repayment of the bonds, Bank Mandiri has to comply to:
   berkewajiban untuk: (i) memelihara pada setiap saat          (i) maintain the overall Bank’s soundness level as
   keadaan keuangan berada dalam kondisi sehat sesuai           regulated by FSA; (ii) maintain the Bank’s soundness
   ketentuan OJK; (ii) mempertahankan tingkat                   level at a minimum in the composite level 3 (three) which
   kesehatan Bank minimal berada dalam peringkat                is categorised as “Fair”, according to internal
   komposit 3 (tiga) yang tergolong “Cukup Baik”, sesuai        assessment based upon on Bank Indonesia’s regulation;
   penilaian internal berdasarkan ketentuan Bank                (iii) obtain and comply with permits and approvals (from
   Indonesia; (iii) memperoleh, mematuhi segala                 the government or other parties) and comply to
   ketentuan dan melakukan hal-hal yang diperlukan              Indonesia’s laws and regulations.
   untuk menjaga tetap berlakunya segala izin dan
   persetujuan (baik dari pemerintah ataupun lainnya)
   dan mematuhi peraturan perundang-undangan
   Republik Indonesia.




                                                       251
Page 1266
                                                                                    The original consolidated financial statements
                                                                                  included herein are in the Indonesian language.

         PT BANK MANDIRI (PERSERO) Tbk                                       PT BANK MANDIRI (PERSERO) Tbk
             DAN ENTITAS ANAKNYA                                                   AND ITS SUBSIDIARIES
       CATATAN ATAS LAPORAN KEUANGAN                                          NOTES TO THE CONSOLIDATED
                  KONSOLIDASIAN                                                   FINANCIAL STATEMENTS
        Tanggal 31 Desember 2025 dan untuk                                     As of 31 December 2025 and for
       Tahun Berakhir pada Tanggal Tersebut                                       for the Year Then Ended
          (Disajikan dalam jutaan Rupiah,                                     (Expressed in millions of Rupiah,
              kecuali dinyatakan lain)                                            unless otherwise stated)

30. EFEK-EFEK YANG DITERBITKAN (lanjutan)                       30. DEBT SECURITIES ISSUED (continued)

    Obligasi (lanjutan)                                             Bonds (continued)

    Bank Mandiri (lanjutan)                                         Bank Mandiri (continued)

    Rupiah (lanjutan)                                               Rupiah (continued)

    Bank Mandiri tanpa persetujuan tertulis Wali Amanat            Bank Mandiri without written approval from the Trustee
    tidak akan melakukan hal-hal sebagai berikut:                  will not: (i) reduce the Bank’s issued and paid up capital
    (i) mengurangi modal ditempatkan dan disetor kecuali           except such a reduction is conducted based on
    karena adanya ketentuan Pemerintah atau Bank                   regulations from the Government of Indonesia or Bank
    Indonesia; (ii) mengadakan perubahan bidang usaha;             Indonesia; (ii) change its nature of business; (iii)
    (iii) mengadakan penggabungan, konsolidasi, akuisisi           conducting merger, consolidation, or acquisitions which
    dengan entitas lain yang menyebabkan bubarnya Bank             led to the dissolution of Bank Mandiri.
    Mandiri.

    Mata Uang Asing                                                 Foreign Currency

    Pada tanggal 24 Maret 2025, Bank Mandiri                       On 24 March 2025, Bank Mandiri issued the fifth Euro
    menerbitkan Euro Medium Term Notes (EMTN)                      Medium Term Notes (EMTN), with a nominal value of
    kelima,    dengan      nilai    nominal    sebesar             USD800,000,000 (full amount) in the Singapore
    USD800.000.000 (nilai penuh) di Singapore Exchange             Exchange (SGX) as follow:
    (SGX) sebagai berikut:

                                                  Tingkat bunga tetap
                                                       per tahun/
                               Nilai nominal/      Fixed interest rate             Jatuh tempo/
        Obligasi               Nominal value           per annum                   Maturity date                  Bonds
    Euro Medium                                                                        24 Maret 2028/            Euro Medium
      Term Notes                USD800.000.000                       4,90%             24 March 2028             Term Notes

    Obligasi EMTN kelima ditawarkan dengan nilai                   The fifth EMTN is offered at 99.38% (ninety-nine point
    99,38% (sembilan puluh sembilan koma tiga delapan              three eight percent) of the principal amount of the bonds.
    persen) dari jumlah pokok obligasi. Bunga obligasi             The bond interest is paid on semi-annual basis, with the
    dibayarkan setiap semester, dengan pembayaran                  first interest payment scheduled on 24 September 2025
    bunga pertama dilakukan pada tanggal 24 September              and the last interest payment and due date of the bond
    2025, sedangkan pembayaran bunga terakhir                      principal on 24 March 2028, which also the due date of
    sekaligus jatuh tempo obligasi adalah pada tanggal             the principal amount of the bonds. The trustee of the
    24 Maret 2028 yang juga merupakan tanggal                      EMTN bond issuance is Bank of New York Mellon.
    pelunasan pokok dari obligasi. Wali amanat dari
    penerbitan EMTN adalah Bank of New York Mellon.

    Pada tanggal 31 Desember 2025, peringkat EMTN                  As of 31 December 2025, the credit ratings for the fifth
    kelima adalah Baa2 (Moody’s) dan BBB (S&P).                    EMTN are Baa2 (Moody’s) and BBB (S&P).

    Pada tanggal 4 April 2023, Bank Mandiri menerbitkan            On 4 April 2023, Bank Mandiri issued the fourth Euro
    Euro Medium Term Notes (EMTN) keempat dengan                   Medium Term Notes (EMTN) with nominal value of
    nilai nominal sebesar USD300.000.000 (nilai penuh)             USD300,000,000 (full amount) in Singapore Exchange
    di Singapore Exchange (SGX) sebagai berikut:                   (SGX) as follow:

                                                 Tingkat bunga tetap
                                                      per tahun/
                              Nilai nominal/      Fixed interest rate             Jatuh tempo/
       Obligasi               Nominal value           per annum                   Maturity date                 Bonds
  Euro Medium                                                                            4 April 2026/         Euro Medium
    Term Notes                 USD300.000.000                      5,50%                  4 April 2026         Term Notes




                                                          252
Page 1267
                                                                                  The original consolidated financial statements
                                                                                included herein are in the Indonesian language.

         PT BANK MANDIRI (PERSERO) Tbk                                    PT BANK MANDIRI (PERSERO) Tbk
             DAN ENTITAS ANAKNYA                                                AND ITS SUBSIDIARIES
       CATATAN ATAS LAPORAN KEUANGAN                                       NOTES TO THE CONSOLIDATED
                  KONSOLIDASIAN                                                FINANCIAL STATEMENTS
        Tanggal 31 Desember 2025 dan untuk                                  As of 31 December 2025 and for
       Tahun Berakhir pada Tanggal Tersebut                                    for the Year Then Ended
          (Disajikan dalam jutaan Rupiah,                                  (Expressed in millions of Rupiah,
              kecuali dinyatakan lain)                                         unless otherwise stated)

30. EFEK-EFEK YANG DITERBITKAN (lanjutan)                      30. DEBT SECURITIES ISSUED (continued)

    Obligasi (lanjutan)                                            Bonds (continued)

    Bank Mandiri (lanjutan)                                        Bank Mandiri (continued)

    Mata Uang Asing (lanjutan)                                     Foreign Currency (continued)

    Obligasi EMTN keempat ditawarkan dengan nilai                 The fourth EMTN is offered at 99.58% (ninety-nine point
    99,58% (sembilan puluh sembilan koma lima delapan             five eight percent) of the principal amount of the bonds.
    persen) dari jumlah pokok obligasi. Bunga obligasi            The bond interest is paid on semi-annual basis, with the
    dibayarkan setiap semester, dengan pembayaran                 first interest payment scheduled on 4 October 2023 and
    bunga pertama dilakukan pada tanggal 4 Oktober                the last interest payment and due date of the bond
    2023, sedangkan pembayaran bunga terakhir                     principal on 4 April 2026, which also the due date of the
    sekaligus jatuh tempo obligasi adalah pada tanggal            principal amount of the bonds. The trustee of the EMTN
    4 April 2026 yang juga merupakan tanggal pelunasan            bond issuance is Bank of New York Mellon.
    pokok dari obligasi. Wali amanat dari penerbitan EMTN
    adalah Bank of New York Mellon.

    Pada tanggal 31 Desember 2025 dan 2024, peringkat             As of 31 December 2025 and 2024, the credit ratings for
    EMTN keempat adalah Baa2 (Moody’s) dan BBB                    the fourth EMTN are Baa2 (Moody’s) and BBB (Fitch
    (Fitch Ratings).                                              Ratings).

    Pada tanggal 19 April 2021, Bank Mandiri menerbitkan          On 19 April 2021, Bank Mandiri issued the third EMTN,
    EMTN ketiga, yaitu Sustainability Bond Bank Mandiri           namely Bank Mandiri Sustainability Bond 2021, with total
    2021, dengan nilai nominal sebesar USD300.000.000             nominal value of USD300,000,000 (full amount) on the
    (nilai penuh) di Singapore Exchange (SGX) sebagai             Singapore Exchange (SGX) as follows:
    berikut:

                                                      Tingkat bunga tetap
                                                           per tahun/
                                 Nilai nominal/        Fixed interest rate         Jatuh tempo/
          Obligasi               Nominal value             per annum               Maturity date                 Bonds
     Euro Medium                                                                       19 April 2026/           Euro Medium
       Term Notes                 USD300.000.000                       2,00%            19 April 2026           Term Notes

    Sustainability Bond Bank Mandiri 2021 ditawarkan              Bank Mandiri Sustainability Bond 2021 are offered at a
    dengan nilai 98,913% (sembilan puluh delapan koma             value of 98.913% (ninety eight point nine one three
    sembilan satu tiga persen) dari jumlah pokok obligasi.        percent) of the principal amount of the bonds. Bond
    Bunga obligasi dibayarkan setiap semester, dengan             interest is paid every semester, with the first interest
    pembayaran bunga pertama dilakukan pada tanggal               payment being made on 19 October 2021, while the last
    19 Oktober 2021, sedangkan pembayaran bunga                   interest payment is at the same time the bond maturity
    terakhir sekaligus jatuh tempo obligasi adalah pada           on 19 April 2026 which is also the principal repayment
    tanggal 19 April 2026 yang juga merupakan tanggal             date of the bonds. The trustee of the issuance of EMTN
    pelunasan pokok dari obligasi. Wali amanat dari               is Bank of New York Mellon. The proceeds from the
    penerbitan EMTN adalah Bank of New York Mellon.               issuance of the Sustainability Bond will be used to
    Dana hasil penerbitan Sustainability Bond tersebut            finance or refinance projects or activities that are
    akan digunakan untuk membiayai atau membiayai                 environmentally and socially sound, in accordance with
    kembali proyek atau kegiatan yang berwawasan                  the criteria set out in Bank Mandiri's Sustainability Bond
    lingkungan dan sosial, sesuai dengan kriteria yang            Framework.
    ditetapkan dalam Sustainability Bond Framework
    Bank Mandiri.

    Pada tanggal 31 Desember 2025 dan 2024, peringkat             As of 31 December 2025 and 2024, the credit ratings for
    EMTN ketiga adalah Baa2 (Moody’s) dan BBB (Fitch              the third EMTN are Baa2 (Moody’s) and BBB (Fitch
    Ratings).                                                     Ratings).




                                                         253
Page 1268
                                                                                The original consolidated financial statements
                                                                              included herein are in the Indonesian language.

        PT BANK MANDIRI (PERSERO) Tbk                                   PT BANK MANDIRI (PERSERO) Tbk
            DAN ENTITAS ANAKNYA                                               AND ITS SUBSIDIARIES
      CATATAN ATAS LAPORAN KEUANGAN                                      NOTES TO THE CONSOLIDATED
                 KONSOLIDASIAN                                               FINANCIAL STATEMENTS
       Tanggal 31 Desember 2025 dan untuk                                 As of 31 December 2025 and for
      Tahun Berakhir pada Tanggal Tersebut                                   for the Year Then Ended
         (Disajikan dalam jutaan Rupiah,                                 (Expressed in millions of Rupiah,
             kecuali dinyatakan lain)                                        unless otherwise stated)

30. EFEK-EFEK YANG DITERBITKAN (lanjutan)                   30. DEBT SECURITIES ISSUED (continued)

   Obligasi (lanjutan)                                         Bonds (continued)

   Bank Mandiri (lanjutan)                                     Bank Mandiri (continued)

   Mata Uang Asing (lanjutan)                                  Foreign Currency (continued)

   Pada tanggal 13 Mei 2020, Bank Mandiri menerbitkan          On 13 May 2020, Bank Mandiri issued the second EMTN
   Euro Medium Term Notes (EMTN) kedua dengan nilai            with total nominal value of USD500,000,000 (full
   nominal sebesar USD500.000.000 (nilai penuh) di             amount) on the Singapore Exchange (SGX) as follow:
   Singapore Exchange (SGX) sebagai berikut:

                                                 Tingkat bunga tetap
                                                      per tahun/
                              Nilai nominal/      Fixed interest rate          Jatuh tempo/
       Obligasi               Nominal value           per annum                Maturity date                  Bonds
   Euro Medium                                                                       13 Mei 2025/           Euro Medium
     Term Notes                USD500.000.000                   4,75%                13 May 2025            Term Notes

   Obligasi Euro Medium Term Notes (EMTN) kedua                 The second EMTN is offered at 99.255% (ninety nine
   ditawarkan dengan nilai 99,255% (sembilan puluh              point two five five percent) of the principal amount of
   sembilan koma dua lima lima persen) dari jumlah              bonds. The interest is paid on semi-annual basis with
   pokok obligasi. Bunga obligasi dibayarkan setiap             the first interest payment was made on 13 November
   semester, dengan pembayaran bunga pertama                    2020, while the last interest payment and maturity date
   dilakukan pada tanggal 13 November 2020,                     of the bonds principal on 13 May 2025 which is also the
   sedangkan pembayaran bunga terakhir sekaligus jatuh          redemption date of the principal amount of bonds. The
   tempo obligasi adalah pada tanggal 13 Mei 2025 yang          trustee of the EMTN bond issuance is Bank of New York
   juga merupakan tanggal pelunasan pokok dari                  Mellon.
   obligasi. Wali amanat dari penerbitan EMTN adalah
   Bank of New York Mellon.

   Pada tanggal 31 Desember 2024, peringkat EMTN               As of 31 December 2024, the second EMTN is rated
   kedua adalah Baa2 (Moody’s) dan BBB (Fitch                  Baa2 (Moody’s) and BBB (Fitch Ratings).
   Ratings).

   Entitas Anak                                                Subsidiaries

   Rupiah                                                      Rupiah

   Pada tanggal 26 Juni 2025, Bank Mandiri Taspen              On June 26, 2025, Bank Mandiri Taspen issued Bank
   menerbitkan Obligasi Berkelanjutan II Bank Mandiri          Mandiri Taspen Continuous Bonds II Phase I Year 2025
   Taspen Tahap I Tahun 2025 (“Obligasi Berkelanjutan          (“Continuing Bonds II Phase I Year 2025”) with a nominal
   II Tahap I Tahun 2025”) dengan nominal Rp1.500.000          value of Rp1,500,000 which consist of 2 (two) series:
   yang terdiri atas 2 (dua) seri:

                                                Tingkat bunga tetap
                                                     per tahun/
                             Nilai nominal/      Fixed interest rate          Jatuh tempo/
      Obligasi               Nominal value           per annum                Maturity date                 Bonds
                                                                                     4 Juli 2028/
  Seri A                              800.000                  6,65%                 4 July 2028                 Series A
                                                                                     4 Juli 2030/
  Seri B                              700.000                  6,80%                 4 July 2030                 Series B




                                                      254
Page 1269
                                                                                  The original consolidated financial statements
                                                                                included herein are in the Indonesian language.

        PT BANK MANDIRI (PERSERO) Tbk                                    PT BANK MANDIRI (PERSERO) Tbk
            DAN ENTITAS ANAKNYA                                                AND ITS SUBSIDIARIES
      CATATAN ATAS LAPORAN KEUANGAN                                       NOTES TO THE CONSOLIDATED
                 KONSOLIDASIAN                                                FINANCIAL STATEMENTS
       Tanggal 31 Desember 2025 dan untuk                                  As of 31 December 2025 and for
      Tahun Berakhir pada Tanggal Tersebut                                    for the Year Then Ended
         (Disajikan dalam jutaan Rupiah,                                  (Expressed in millions of Rupiah,
             kecuali dinyatakan lain)                                         unless otherwise stated)

30. EFEK-EFEK YANG DITERBITKAN (lanjutan)                     30. DEBT SECURITIES ISSUED (continued)

   Obligasi (lanjutan)                                           Bonds (continued)

   Entitas Anak (lanjutan)                                       Subsidiaries (continued)

   Rupiah (lanjutan)                                             Rupiah (continued)

   Bunga Obligasi Berkelanjutan II Tahap I Tahun 2025            The interest of Continuous Bonds II Phase I Year 2025
   dibayarkan setiap triwulan, dengan pembayaran bunga           is paid quarterly, with the first payment on
   pertama dilakukan pada tanggal 4 Oktober 2025,                October 4, 2025, while the last payment of interest and
   sedangkan pembayaran bunga obligasi terakhir                  also the maturity and payment date of the bonds’
   sekaligus jatuh tempo obligasi adalah pada tanggal 04         principal is on July 4, 2028 for series A and
   Juli 2028 untuk Seri A dan 4 Juli 2030 untuk Seri B           July 4, 2030 for series B. The trustee for Continuing
   yang juga merupakan tanggal pelunasan pokok dari              Bonds II Phase I Year 2025 is PT Bank Rakyat Indonesia
   masing-masing seri obligasi. Wali amanat dari                 (Persero) Tbk.
   penerbitan Obligasi Berkelanjutan II Tahap I Tahun
   2025 adalah PT Bank Rakyat Indonesia (Persero) Tbk.

   Selama berlakunya jangka waktu Obligasi dan                   During the validity period of the Bonds and prior to the
   sebelum dilunasinya jumlah terhutang, Bank                    repayment of the bonds, the Bank is under obligation to:
   berkewajiban untuk: (i) memelihara pada setiap saat           (i) maintain at all times the Bank’s financial level in good
   keadaan keuangan berada dalam kondisi sehat sesuai            condition as regulated by OJK; (ii) maintain the Bank’s
   ketentuan OJK; (ii) mempertahankan tingkat                    health level at a minimum in the composite level 3 (three)
   kesehatan Bank minimal berada dalam peringkat                 which is “Fair”, according to internal assessment based
   komposit 3 (tiga) yang tergolong “Cukup Baik”, sesuai         upon Bank Indonesia’s regulation; (iii) obtain and comply
   penilaian internal berdasarkan ketentuan Bank                 with permits and approvals (from the Government and
   Indonesia; (iii) memperoleh, mematuhi segala                  other parties) and ensure that the Bank conforms with
   ketentuan dan melakukan hal-hal yang diperlukan               Indonesia’s rules and regulations.
   untuk menjaga tetap berlakunya segala ijin dan
   persetujuan (baik dari pemerintah ataupun lainnya)
   dan melakukan hal-hal yang diwajibkan peraturan
   perundang-undangan Republik Indonesia.

   Bank tanpa persetujuan tertulis wali amanat tidak akan        The Bank, without a written consent from the trustee will
   melakukan hal-hal sebagai berikut: (i) mengurangi             not: (i) reduce the Bank’s issued and fully paid up capital
   modal ditempatkan dan disetor kecuali karena adanya           except such a reduction is conducted based on
   ketentuan Pemerintah atau Bank Indonesia;                     regulations from the Government of Indonesia or Bank
   (ii)   mengadakan    perubahan        bidang    usaha;        Indonesia; (ii) undergo a change in its main business; (iii)
   (iii) mengadakan penggabungan, konsolidasi, akuisisi          undergo merger, consolidation, or acquisitions which led
   dengan entitas lain yang menyebabkan bubarnya                 to the dissolution of the Bank.
   Bank.

   Obligasi ini tidak dijamin dengan suatu bentuk jaminan        The bonds are not guaranteed with specific guarantee.
   khusus.

   Pada tanggal 31 Desember 2025 dan 2024, peringkat             As of 31 December 2025 and 2024, based on PT.
   Obligasi Berkelanjutan II Tahap I Tahun 2025 menurut          Pemeringkat Efek Indonesia (Pefindo), rating for
   PT. Pemeringkat Efek Indonesia (Pefindo) adalah AAA           Continuous Bonds II Phase I Year 2025 is AAA (idn)
   (idn) (triple A).                                             (triple A).




                                                        255
Page 1270
                                                                                   The original consolidated financial statements
                                                                                 included herein are in the Indonesian language.

        PT BANK MANDIRI (PERSERO) Tbk                                     PT BANK MANDIRI (PERSERO) Tbk
            DAN ENTITAS ANAKNYA                                                 AND ITS SUBSIDIARIES
      CATATAN ATAS LAPORAN KEUANGAN                                        NOTES TO THE CONSOLIDATED
                 KONSOLIDASIAN                                                 FINANCIAL STATEMENTS
       Tanggal 31 Desember 2025 dan untuk                                   As of 31 December 2025 and for
      Tahun Berakhir pada Tanggal Tersebut                                     for the Year Then Ended
         (Disajikan dalam jutaan Rupiah,                                   (Expressed in millions of Rupiah,
             kecuali dinyatakan lain)                                          unless otherwise stated)

30. EFEK-EFEK YANG DITERBITKAN (lanjutan)                      30. DEBT SECURITIES ISSUED (continued)

   Obligasi (lanjutan)                                            Bonds (continued)

   Entitas Anak (lanjutan)                                        Subsidiaries (continued)

   Rupiah (lanjutan)                                              Rupiah (continued)

   Pada tanggal 29 April 2021, Bank Mandiri Taspen                On 29 April 2021, Bank Mandiri Taspen issued Bank
   menerbitkan Obligasi Berkelanjutan I Bank Mandiri              Mandiri Taspen Continuous Bonds I Phase II Year 2021
   Taspen Tahap II Tahun 2021 (“Obligasi Berkelanjutan            (“Continuing Bonds I Phase II Year 2021”) with a
   I Tahap II Tahun 2021”) dengan nominal Rp2.000.000             nominal value of Rp2,000,000 which consist of 2 (two)
   yang terdiri atas 2 (dua) seri:                                series:

                                                  Tingkat bunga tetap
                                                       per tahun/
                             Nilai nominal/        Fixed interest rate          Jatuh tempo/
      Obligasi               Nominal value             per annum                Maturity date                   Bonds
                                                                                     28 April 2024/
  Seri A                              800.000                    6,50%                28 April 2024                  Series A
                                                                                     28 April 2026/
  Seri B                             1.200.000                   7,25%                28 April 2026                  Series B
   Bunga Obligasi Berkelanjutan I Tahap II Tahun 2021             The interest of Continuous Bonds I Phase II Year 2021
   dibayarkan setiap triwulan, dengan pembayaran bunga            is paid quarterly, with the first payment on
   pertama dilakukan pada tanggal 28 Juli 2021,                   28 July 2021, while the last payment of interest and also
   sedangkan pembayaran bunga obligasi terakhir                   the maturity and payment date of the bonds’ principal is
   sekaligus jatuh tempo obligasi adalah pada tanggal 28          on    28     April    2024     for   series     A    and
   April 2024 untuk Seri A dan 28 April 2026 untuk Seri B         28 April 2026 for series B. The trustee for Continuing
   yang juga merupakan tanggal pelunasan pokok dari               Bonds I Phase II Year 2021 is PT Bank Permata Tbk.
   masing-masing seri obligasi. Wali amanat dari
   penerbitan Obligasi Berkelanjutan I Tahap II Tahun
   2021 adalah PT Bank Permata Tbk.
   Wali amanat dari penerbitan Obligasi Berkelanjutan I           The trustee of the issuance of the Continuous Bonds I
   Tahap II tahun 2021 adalah PT Bank Permata Tbk.                Phase II year 2021 is PT Bank Permata Tbk. As of
   Pada tanggal 31 Desember 2025 dan 31 Desember                  31 December 2025 and 31 December 2024, the rating
   2024, peringkat Obligasi Berkelanjutan I Tahap II tahun        for the Continuous Bonds I Phase II year 2021 Bank
   2021 Bank Mantap menurut PT Fitch Ratings Indonesia            Mantap according to PT Fitch Ratings Indonesia is AA
   adalah AA (idn) (double A).                                    (idn) (double A).
   Selama berlakunya jangka waktu Obligasi dan                     During the validity period of the Bonds and prior to the
   sebelum dilunasinya jumlah terhutang, Bank                      repayment of the bonds, the Bank is under obligation to:
   berkewajiban untuk: (i) memelihara pada setiap saat             (i) maintain at all times the Bank’s financial level in good
   keadaan keuangan berada dalam kondisi sehat sesuai              condition as regulated by OJK; (ii) maintain the Bank’s
   ketentuan OJK; (ii) mempertahankan tingkat                      health level at a minimum in the composite level 3
   kesehatan Bank minimal berada dalam peringkat                   (three) which is “Fair”, according to internal assessment
   komposit 3 (tiga) yang tergolong “Cukup Baik”, sesuai           based upon Bank Indonesia’s regulation; (iii) obtain and
   penilaian internal berdasarkan ketentuan Bank                   comply with permits and approvals (from the
   Indonesia; (iii) memperoleh, mematuhi segala                    Government and other parties) and ensure that the
   ketentuan dan melakukan hal-hal yang diperlukan                 Bank conforms with Indonesia’s rules and regulations.
   untuk menjaga tetap berlakunya segala ijin dan
   persetujuan (baik dari pemerintah ataupun lainnya)
   dan melakukan hal-hal yang diwajibkan peraturan
   perundang-undangan Republik Indonesia.




                                                         256
Page 1271
                                                                                  The original consolidated financial statements
                                                                                included herein are in the Indonesian language.

        PT BANK MANDIRI (PERSERO) Tbk                                     PT BANK MANDIRI (PERSERO) Tbk
            DAN ENTITAS ANAKNYA                                                 AND ITS SUBSIDIARIES
      CATATAN ATAS LAPORAN KEUANGAN                                        NOTES TO THE CONSOLIDATED
                 KONSOLIDASIAN                                                 FINANCIAL STATEMENTS
       Tanggal 31 Desember 2025 dan untuk                                   As of 31 December 2025 and for
      Tahun Berakhir pada Tanggal Tersebut                                     for the Year Then Ended
         (Disajikan dalam jutaan Rupiah,                                   (Expressed in millions of Rupiah,
             kecuali dinyatakan lain)                                          unless otherwise stated)

30. EFEK-EFEK YANG DITERBITKAN (lanjutan)                     30. DEBT SECURITIES ISSUED (continued)

   Obligasi (lanjutan)                                           Bonds (continued)

   Entitas Anak (lanjutan)                                       Subsidiaries (continued)

   Rupiah (lanjutan)                                             Rupiah (continued)

   Bank tanpa persetujuan tertulis wali amanat tidak akan         The Bank, without a written consent from the trustee will
   melakukan hal-hal sebagai berikut: (i) mengurangi              not: (i) reduce the Bank’s issued and fully paid up capital
   modal ditempatkan dan disetor kecuali karena adanya            except such a reduction is conducted based on
   ketentuan Pemerintah atau Bank Indonesia;                      regulations from the Government of Indonesia or Bank
   (ii)   mengadakan    perubahan        bidang    usaha;         Indonesia; (ii) undergo a change in its main business;
   (iii) mengadakan penggabungan, konsolidasi, akuisisi           (iii) undergo merger, consolidation, or acquisitions
   dengan entitas lain yang menyebabkan bubarnya                  which led to the dissolution of the Bank.
   Bank.

   Obligasi ini tidak dijamin dengan suatu bentuk jaminan        The bonds are not guaranteed with specific guarantee.
   khusus.

   Bank Mandiri Taspen telah melunasi Obligasi                   Bank Mandiri Taspen has fully paid Bank Mandiri
   Berkelanjutan I Bank Mandiri Taspen Tahap II Tahun            Taspen Continuing Bonds I Phase II Year 2021 Series A
   2021 Seri A pada tanggal 28 April 2024. Sedangkan             on April 28, 2024. Meanwhile, the maturity date of the
   tanggal jatuh tempo Obligasi Berkelanjutan I Bank             Continuous Bonds I of Bank Mandiri Taspen Phase II
   Mandiri Taspen Tahap II Tahun 2021 Seri B adalah              Year 2021 Series B is 28 April 2026.
   pada tanggal 28 April 2026.

   Pada tanggal 31 Desember 2025 dan 2024, peringkat              As of 31 December 2025 and 2024, based on Fitch
   Obligasi Berkelanjutan I Tahap II Tahun 2021 menurut           Rating’s, rating for Continuing Bonds I Phase II Year
   Fitch Rating adalah AA (idn) (double A).                       2021 is AA (idn) (double A).

   Pada tanggal 25 Juni 2025, Perseroan telah                    On 25 June 2025, the Company issued Mandiri Tunas
   menerbitkan Obligasi Berkelanjutan VII Mandiri Tunas          Finance Continuing Bonds VII Phase I Year 2025
   Finance Tahap I Tahun 2025 (“Obligasi Berkelanjutan           (“Continuing Bonds VII Phase I”) with details as follows:
   VI Tahap I”) dengan rincian sebagai berikut:

                                                   Tingkat bunga tetap
                                                        per tahun/
                             Nilai nominal/         Fixed interest rate            Jatuh tempo/
       Obligasi              Nominal value              per annum                  Maturity date                Bonds
   Seri A                              313.510                    6,15%      18 Juli 2026/18 July 2026               Series A
   Seri B                              236.000                    6,50%        8 Juli 2028/8 July 2028               Series B
   Seri C                              225.760                    6,70%        8 Juli 2030/8 July 2030               Series C

   Obligasi tersebut tidak dijamin dengan jaminan               These bonds are not secured by any special collateral.
   khusus.

   Dalam perjanjian perwaliamanatan juga diatur                  The trustee agreement provides several negative
   beberapa pembatasan yang harus dipenuhi oleh                  covenants to the Company, debt to equity ratio not to
   Perseroan, rasio jumlah pinjaman terhadap ekuitas             exceed 10:1. Moreover, during the year that the bond
   tidak melebihi rasio 10:1. Selain itu, selama pokok           principals are still outstanding, the Company is not
   obligasi   belum       dilunasi,  Perseroan    tidak          allowed to, among others, merge unless performed on
   diperkenankan, antara lain melakukan penggabungan             the same business and to sell or assign more than 50%
   usaha kecuali dilakukan pada bidang usaha yang                of the Company’s asset, except for the Company’s
   sama serta menjual atau mengalihkan lebih dari 50%            normal business transactions. The Continuous Bonds
   aset Perseroan kecuali untuk kegiatan usaha                   VII of Mandiri Tunas Finance Phase I Year 2025
   Perseroan sehari-hari. Obligasi Berkelanjutan VII             (“Continuous Bonds VI Phase I”) Series A, B, and C will
   Mandiri Tunas Finance Tahap I Tahun 2025 (”Obligasi           mature on 18 July 2026, 8 July 2028, and 8 July 2030,
   Berkelanjutan VI Tahap I”) Seri A, B, dan C masing-           respectively.
   masing akan jatuh tempo pada 18 Juli 2026, 8 Juli
   2028, dan 8 Juli 2030.

                                                        257
Page 1272
                                                                                 The original consolidated financial statements
                                                                               included herein are in the Indonesian language.

        PT BANK MANDIRI (PERSERO) Tbk                                   PT BANK MANDIRI (PERSERO) Tbk
            DAN ENTITAS ANAKNYA                                               AND ITS SUBSIDIARIES
      CATATAN ATAS LAPORAN KEUANGAN                                      NOTES TO THE CONSOLIDATED
                 KONSOLIDASIAN                                               FINANCIAL STATEMENTS
       Tanggal 31 Desember 2025 dan untuk                                 As of 31 December 2025 and for
      Tahun Berakhir pada Tanggal Tersebut                                   for the Year Then Ended
         (Disajikan dalam jutaan Rupiah,                                 (Expressed in millions of Rupiah,
             kecuali dinyatakan lain)                                        unless otherwise stated)

30. EFEK-EFEK YANG DITERBITKAN (lanjutan)                     30. DEBT SECURITIES ISSUED (continued)

   Obligasi (lanjutan)                                           Bonds (continued)

   Entitas Anak (lanjutan)                                       Subsidiaries (continued)

   Rupiah (lanjutan)                                             Rupiah (continued)

   Perseroan telah memenuhi batasan-batasan yang                 The Company has complied with the covenants as
   diwajibkan dalam perjanjian tersebut di atas.                 required by the trustee agreements.

   PT Pefindo telah menetapkan peringkat idAAA (Triple           PT Pefindo has rated the Bonds as idAAA (Triple A) of
   A) terhadap Obligasi Berkelanjutan VI Tahap I terakhir        Continuing Bonds VI Phase IV with the latest based on
   sesuai dengan suratnya No. RC-198/PEFDIR/III/2025             its report No. RC-198/PEF-DIR/III/2025 dated 5 March
   tanggal 5 Maret 2025 untuk periode 5 Maret 2025               2025 for the period 5 March 2025 until 1 March 2026.
   sampai dengan 1 Maret 2026.

   Pada tanggal 19 November 2024, Entitas Anak                   On 19 November 2024, the Subsidiary (PT Mandiri
   (PT Mandiri Tunas Finance) telah menerbitkan                  Tunas Finance) issued Mandiri Tunas Finance
   Obligasi Berkelanjutan VI Mandiri Tunas Finance               Continuing Bonds VI Phase IV Year 2024 (“Continuing
   Tahap IV Tahun 2024 (”Obligasi Berkelanjutan VI               Bonds VI Phase IV”) to the Indonesia Stock Exchange
   Tahap IV”) ke Bursa Efek Indonesia dengan nominal             with total nominal value of Rp1,609,110 with details as
   sebesar Rp1.609.110 dengan rincian sebagai berikut:           follows:

                                                 Tingkat bunga tetap
                                                      per tahun/
                             Nilai nominal/       Fixed interest rate        Jatuh tempo/
      Obligasi               Nominal value            per annum              Maturity date                    Bonds
                                                                            19 November 2027/
  Seri A                              423.735                   6,70%        19 November 2027                      Series A
                                                                            19 November 2029/
  Seri B                             1.185.375                  6,85%        19 November 2029                      Series B

   PT Pefindo telah menetapkan kembali peringkat idAAA            PT Pefindo has rated the Continuous Bonds as idAAA
   (Triple A) terhadap Obligasi Berkelanjutan VI Tahap IV         (Triple A) of Continuous Bonds IV Phase IV with the
   terakhir sesuai dengan suratnya No. RTG-363/PEF-               latest based on its report No. RTG-363/PEF-
   DIR/X/2024 tanggal 8 Oktober 2024 untuk periode                DIR/X/2024 dated 8 October 2024 for the period
   6 Maret 2024 sampai dengan 1 Maret 2025.                       6 March 2024 until 1 March 2025.

   Wali amanat dari penerbitan Obligasi Berkelanjutan VI          The trustee for Continuous Bonds VI Phase IV is
   Tahap IV adalah PT Bank Rakyat Indonesia (Persero)             PT Bank Rakyat Indonesia (Persero) Tbk. The Series A
   Tbk. Obligasi seri A dan B akan jatuh tempo pada               and Series B bonds will mature on 19 November 2027
   tanggal 19 November 2027 dan 19 November 2029.                 and 19 November 2029.

   Peringkat Obligasi Berkelanjutan VI Tahap IV menurut           As of 31 December 2025 and 2024, based on Pefindo’s
   Pefindo pada tanggal 31 Desember 2025 dan 2024                 rating, Continuous Bonds VI Phase IV are rated idAAA
   adalah idAAA (Triple A).                                       (Triple A).




                                                        258
Page 1273
                                                                                      The original consolidated financial statements
                                                                                    included herein are in the Indonesian language.

        PT BANK MANDIRI (PERSERO) Tbk                                         PT BANK MANDIRI (PERSERO) Tbk
            DAN ENTITAS ANAKNYA                                                     AND ITS SUBSIDIARIES
      CATATAN ATAS LAPORAN KEUANGAN                                            NOTES TO THE CONSOLIDATED
                 KONSOLIDASIAN                                                     FINANCIAL STATEMENTS
       Tanggal 31 Desember 2025 dan untuk                                       As of 31 December 2025 and for
      Tahun Berakhir pada Tanggal Tersebut                                         for the Year Then Ended
         (Disajikan dalam jutaan Rupiah,                                       (Expressed in millions of Rupiah,
             kecuali dinyatakan lain)                                              unless otherwise stated)

30. EFEK-EFEK YANG DITERBITKAN (lanjutan)                          30. DEBT SECURITIES ISSUED (continued)

   Obligasi (lanjutan)                                                Bonds (continued)

   Entitas Anak (lanjutan)                                            Subsidiaries (continued)

   Rupiah (lanjutan)                                                  Rupiah (continued)

   Pada tanggal 28 Mei 2024, Entitas Anak (PT Mandiri                 On 28 May 2024, the Subsidiary (PT Mandiri Tunas
   Tunas    Finance)   telah   menerbitkan     Obligasi               Finance) issued Mandiri Tunas Finance Continuing
   Berkelanjutan VI Mandiri Tunas Finance Tahap III                   Bonds VI Phase III Year 2024 (“Continuous Bonds VI
   Tahun 2024 (”Obligasi Berkelanjutan VI Tahap III”) ke              Phase III”) to the Indonesia Stock Exchange with total
   Bursa Efek Indonesia dengan nominal sebesar                        nominal value of Rp1,163,085 with details as follows:
   Rp1.163.085 dengan rincian sebagai berikut:

                                                          Tingkat bunga tetap
                                                               per tahun/
                               Nilai nominal/              Fixed interest rate        Jatuh tempo/
       Obligasi                Nominal value                   per annum              Maturity date                  Bonds
                                                                                            28 Mei 2027/
   Seri A                                     81.590                      7,00%             28 May 2027                   Series A
                                                                                            28 Mei 2029/
   Seri B                               1.081.495                         7,25%             28 May 2029                   Series B

   Wali amanat dari penerbitan Obligasi Berkelanjutan                 The trustee for Continuous Bonds VI Phase III is
   VI Tahap III adalah PT Bank Rakyat Indonesia                       PT Bank Rakyat Indonesia (Persero) Tbk. The Series A
   (Persero) Tbk. Obligasi seri A dan B akan jatuh tempo              and Series B bonds will mature on 28 May 2027 and
   pada tanggal 28 Mei 2027 dan 28 Mei 2029.                          28 May 2029.

   PT Pefindo telah menetapkan kembali peringkat idAAA                PT Pefindo has rated the Continuous Bonds as idAAA
   (Triple A) terhadap Obligasi Berkelanjutan VI Tahap III            (Triple A) of Continuous Bonds VI Phase III with the
   terakhir sesuai dengan suratnya No. RTG-132/PEF-                   latest based on its report No. RTG-132/PEF-DIR/V/2024
   DIR/V/2024 tanggal 3 Mei 2024 untuk periode 6 Maret                dated 3 May 2024 for the period 6 March 2024 until
   2024 sampai dengan 1 Maret 2025.                                   1 March 2025.

   Peringkat Obligasi Berkelanjutan VI Tahap III menurut              As of 31 December 2025 and 2024, based on Pefindo’s
   Pefindo pada tanggal 31 Desember 2025 dan                          rating, Continuous Bonds VI Phase III are rated idAAA
   2024 adalah idAAA (Triple A).                                      (Triple A).

   Pada tanggal 27 September 2023, Entitas Anak                       On 27 September 2023, the Subsidiary (PT Mandiri
   (PT Mandiri Tunas Finance) menerbitkan Obligasi                    Tunas Finance) issued Continuous Bonds VI Phase II
   Berkelanjutan VI Tahap II Tahun 2023 (''Obligasi                   Year 2023 (“Continuous Bonds VI Phase II”) with total
   Berkelanjutan VI Tahap II'') dengan nilai nominal                  nominal value of Rp1,131,110 which consist of 2 (two)
   sebesar Rp1.131.110 yang terdiri atas 2 (dua) seri:                series:

                                                       Tingkat bunga tetap
                                                            per tahun/
                             Nilai nominal/             Fixed interest rate        Jatuh tempo/
      Obligasi               Nominal value                  per annum              Maturity date                   Bonds
                                                                                  27 September 2026/
   Seri A                             804.175                         6,50%        27 September 2026                     Series A
                                                                                  27 September 2028/
   Seri B                             326.935                         6,75%        27 September 2028                     Series B




                                                             259
Page 1274
                                                                                  The original consolidated financial statements
                                                                                included herein are in the Indonesian language.

        PT BANK MANDIRI (PERSERO) Tbk                                      PT BANK MANDIRI (PERSERO) Tbk
            DAN ENTITAS ANAKNYA                                                  AND ITS SUBSIDIARIES
      CATATAN ATAS LAPORAN KEUANGAN                                         NOTES TO THE CONSOLIDATED
                 KONSOLIDASIAN                                                  FINANCIAL STATEMENTS
       Tanggal 31 Desember 2025 dan untuk                                    As of 31 December 2025 and for
      Tahun Berakhir pada Tanggal Tersebut                                      for the Year Then Ended
         (Disajikan dalam jutaan Rupiah,                                    (Expressed in millions of Rupiah,
             kecuali dinyatakan lain)                                           unless otherwise stated)

30. EFEK-EFEK YANG DITERBITKAN (lanjutan)                      30. DEBT SECURITIES ISSUED (continued)

   Obligasi (lanjutan)                                            Bonds (continued)

   Entitas Anak (lanjutan)                                        Subsidiaries (continued)

   Rupiah (lanjutan)                                              Rupiah (continued)

   Wali amanat dari penerbitan Obligasi Berkelanjutan VI          The trustee for the issuance of Continuous Bonds VI
   Tahap II adalah PT Bank Rakyat Indonesia (Persero)             Phase II is PT Bank Rakyat Indonesia (Persero) Tbk.
   Tbk. Obligasi seri A akan jatuh tempo pada tanggal             The Series A bonds will mature on 27 September 2026,
   27 September 2026 dan obligasi seri B akan jatuh               and the Series B bonds will mature on 27 September
   tempo pada tanggal 27 September 2028.                          2028.

   Pada tanggal 11 Juli 2023, Entitas Anak (PT Mandiri            On 11 July 2023, the Subsidiary (PT Mandiri Tunas
   Tunas Finance) menerbitkan Obligasi Berkelanjutan VI           Finance) issued Continuous Bonds VI Phase I Year
   Tahap I Tahun 2023 (''Obligasi Berkelanjutan VI Tahap          2023 ("Continuous Bonds VI Phase I") with a nominal
   I'') dengan nilai nominal sebesar Rp691.735 yang               value of Rp691,735 consisting of 2 (two) series:
   terdiri atas 2 (dua) seri:

                                                    Tingkat bunga tetap
                                                         per tahun/
                             Nilai nominal/          Fixed interest rate          Jatuh tempo/
        Obligasi             Nominal value               per annum                Maturity date                 Bonds
                                                                                        11 Juli 2026/
    Seri A                              439.660                    6,00%                11 July 2026                 Series A
                                                                                        11 Juli 2028/
    Seri B                              252.075                    6,25%                11 July 2028                 Series B

   Wali amanat dari penerbitan Obligasi Berkelanjutan VI          The trustee for the issuance of Continuous Bonds VI
   Tahap II adalah PT Bank Rakyat Indonesia (Persero)             Phase II is PT Bank Rakyat Indonesia (Persero) Tbk.
   Tbk. Obligasi seri A akan jatuh tempo pada tanggal             The Series A bonds will mature on 11 July 2026 and the
   11 Juli 2026 dan obligasi seri B akan jatuh tempo pada         Series B bonds will mature on 11 July 2028.
   tanggal 11 Juli 2028.

   Entitas Anak telah memenuhi batasan-batasan yang               Subsidiary has fulfilled the restrictions required in the
   diwajibkan dalam perjanjian tersebut di atas. Peringkat        agreement above. As of 31 December 2025 and 2024,
   Obligasi Berkelanjutan VI Tahap I dan II menurut               based on Pefindo’s rating, Continuous Bonds VI Phase
   Pefindo pada tanggal 31 Desember 2025 dan 2024                 I and II is rated idAAA (Triple A).
   adalah idAAA (Triple A).

   Pada tanggal 23 Februari 2022, Entitas Anak                    On 23 February 2022, the Subsidiary (PT Mandiri Tunas
   (PT Mandiri Tunas Finance) menerbitkan Obligasi                Finance) issued Continuous Bonds V Phase III Year
   Berkelanjutan V Tahap III Tahun 2022 (''Obligasi               2022 (“Continuous Bonds V Phase III”) with total
   Berkelanjutan V Tahap III'') dengan nilai nominal              nominal amount of Rp1,228,055 which consist of 2 (two)
   sebesar Rp1.228.055 yang terdiri atas 2 (dua) seri:            series:

                                                    Tingkat bunga tetap
                                                         per tahun/
                             Nilai nominal/          Fixed interest rate           Jatuh tempo/
       Obligasi              Nominal value               per annum                 Maturity date                Bonds
                                                                                    23 Februari 2025/
   Seri A                              851.440                     5,90%            23 February 2025                 Series A
                                                                                    23 Februari 2027/
   Seri B                              376.615                     6,75%            23 February 2027                 Series B




                                                         260
Page 1275
                                                                                The original consolidated financial statements
                                                                              included herein are in the Indonesian language.

        PT BANK MANDIRI (PERSERO) Tbk                                    PT BANK MANDIRI (PERSERO) Tbk
            DAN ENTITAS ANAKNYA                                                AND ITS SUBSIDIARIES
      CATATAN ATAS LAPORAN KEUANGAN                                       NOTES TO THE CONSOLIDATED
                 KONSOLIDASIAN                                                FINANCIAL STATEMENTS
       Tanggal 31 Desember 2025 dan untuk                                  As of 31 December 2025 and for
      Tahun Berakhir pada Tanggal Tersebut                                    for the Year Then Ended
         (Disajikan dalam jutaan Rupiah,                                  (Expressed in millions of Rupiah,
             kecuali dinyatakan lain)                                         unless otherwise stated)

30. EFEK-EFEK YANG DITERBITKAN (lanjutan)                    30. DEBT SECURITIES ISSUED (continued)

   Obligasi (lanjutan)                                          Bonds (continued)

   Entitas Anak (lanjutan)                                      Subsidiaries (continued)

   Rupiah (lanjutan)                                            Rupiah (continued)

  Wali amanat dari penerbitan Obligasi Berkelanjutan V          Trustee for Continuous Bonds V Phase III is PT Bank
  Tahap III adalah PT Bank Rakyat Indonesia (Persero)           Rakyat Indonesia (Persero) Tbk. Series A Bonds has
  Tbk. Obligasi Seri A telah jatuh tempo pada tanggal           matured on 23 February 2025. The Series B bonds will
  23 Februari 2025. Obligasi seri B akan jatuh tempo            mature on 23 February 2027.
  pada tanggal 23 Februari 2027.

  Pada tanggal 20 Mei 2021, Entitas Anak (PT Mandiri            On 20 May 2021, the Subsidiary (PT Mandiri Tunas
  Tunas Finance) menerbitkan dan mendaftarkan                   Finance) issued and registered Continuous Bonds V
  Obligasi Berkelanjutan V Mandiri Tunas Finance Tahap          Mandiri Tunas Finance Phase II Year 2021 (“Continuous
  II Tahun 2021 (“Obligasi Berkelanjutan V Tahap II”) ke        Bonds V Phase II”) to the Indonesia Stock Exchange
  Bursa Efek Indonesia dengan nilai nominal sebesar             with total nominal amount of Rp1,400,850 which consist
  Rp1.400.850 yang terdiri atas 2 (dua) seri:                   of 2 (two) series:

                                                  Tingkat bunga tetap
                                                       per tahun/
                             Nilai nominal/        Fixed interest rate         Jatuh tempo/
       Obligasi              Nominal value             per annum               Maturity date                 Bonds
                                                                                     20 Mei 2024/
   Seri A                              915.150                   7,00%               20 May 2024                  Series A
                                                                                     20 Mei 2026/
   Seri B                              485.700                   7,65%               20 May 2026                  Series B
   Wali amanat dari penerbitan Obligasi Berkelanjutan V         Trustee for Continuous Bonds V Phase II is PT Bank
   Tahap II adalah PT Bank Rakyat Indonesia (Persero)           Rakyat Indonesia (Persero) Tbk. Series A Bonds has
   Tbk. Obligasi Seri A telah jatuh tempo pada tanggal          matured on 20 May 2024.
   20 Mei 2024.

   Pada tanggal 13 Agustus 2020, Entitas Anak                   On     13     August     2020,      the    Subsidiary
   (PT Mandiri Tunas Finance) menerbitkan dan                   (PT Mandiri Tunas Finance) issued and registered
   mendaftarkan Obligasi Berkelanjutan V Mandiri Tunas          Continuous Bonds V Mandiri Tunas Finance Phase I
   Finance Tahap I Tahun 2020 (“Obligasi Berkelanjutan          Year 2020 (“Continuous Bonds V Phase I”) to the
   V Tahap I”) ke Bursa Efek Indonesia dengan nilai             Indonesia Stock Exchange with total nominal amount of
   nominal sebesar Rp858.000 yang terdiri atas 2 (dua)          Rp858,000 which consist of 2 (two) series:
   seri:

                                                 Tingkat bunga tetap
                                                      per tahun/
                             Nilai nominal/       Fixed interest rate         Jatuh tempo/
      Obligasi               Nominal value            per annum               Maturity date                 Bonds
                                                                               13 Agustus 2023/
  Seri A                              472.000                   8,00%           13 August 2023                   Series A
                                                                               13 Agustus 2025/
  Seri B                              386.000                   8,60%           13 August 2025                   Series B

   Wali amanat dari penerbitan Obligasi Berkelanjutan V         Trustee for Continuous Bonds V Phase I is
   Tahap I adalah PT Bank Rakyat Indonesia (Persero)            PT Bank Rakyat Indonesia (Persero) Tbk. Series A
   Tbk. Obligasi Seri A telah jatuh tempo pada tanggal          Bonds has matured on 13 August 2023 and Series B
   13 Agustus 2023 dan seri B telah jatuh tempo pada            Bonds has matured on 13 August 2025.
   tanggal 13 Agustus 2025.




                                                       261
Page 1276
                                                                                   The original consolidated financial statements
                                                                                 included herein are in the Indonesian language.

        PT BANK MANDIRI (PERSERO) Tbk                                     PT BANK MANDIRI (PERSERO) Tbk
            DAN ENTITAS ANAKNYA                                                 AND ITS SUBSIDIARIES
      CATATAN ATAS LAPORAN KEUANGAN                                        NOTES TO THE CONSOLIDATED
                 KONSOLIDASIAN                                                 FINANCIAL STATEMENTS
       Tanggal 31 Desember 2025 dan untuk                                   As of 31 December 2025 and for
      Tahun Berakhir pada Tanggal Tersebut                                     for the Year Then Ended
         (Disajikan dalam jutaan Rupiah,                                   (Expressed in millions of Rupiah,
             kecuali dinyatakan lain)                                          unless otherwise stated)

30. EFEK-EFEK YANG DITERBITKAN (lanjutan)                      30. DEBT SECURITIES ISSUED (continued)

   Obligasi (lanjutan)                                            Bonds (continued)

   Entitas Anak (lanjutan)                                        Subsidiaries (continued)

   Rupiah (lanjutan)                                              Rupiah (continued)

   Dalam perjanjian perwaliamanatan juga diatur                   The trustee agreement stipulates several restrictions
   beberapa pembatasan yang harus dipenuhi oleh MTF,              that must be met by the Subsidiary, including providing
   antara lain memberikan jaminan fidusia berupa piutang          fiduciary guarantees in the form of consumer financing
   dilunasi pembiayaan konsumen dan rasio jumlah                  receivables and total debt to equity ratio not exceeding
   pinjaman terhadap ekuitas tidak melebihi rasio 10:1.           10:1. Moreover, as long as the principal of the bonds has
   Selain itu, selama pokok obligasi belum dilunasi, MTF          not been repaid, the Subsidiary is not permitted, among
   tidak diperkenankan, antara lain melakukan                     other things, to enter into a business merger unless it is
   penggabungan usaha kecuali dilakukan pada bidang               carried out in the same line of business and sell or
   usaha yang sama serta menjual atau mengalihkan                 transfer more than 50% of the Subsidiary's assets
   lebih dari 50% aset MTF kecuali untuk kegiatan usaha           except for the daily business activities of the Subsidiary.
   MTF sehari-hari.

   Peringkat Obligasi Berkelanjutan V Tahap I, II, dan III        As of 31 December 2025 and 2024, based on Pefindo’s
   menurut Pefindo pada tanggal 31 Desember 2025 dan              rating, Continuous Bonds V Phase I, II and III are rated
   2024 adalah idAAA (Triple A).                                  idAAA (Triple A).

   Pada tanggal 31 Desember 2025, seluruh efek-efek               As of 31 December 2025, all securities issued by
   yang diterbitkan oleh PT Mandiri Tunas Finance                 PT Mandiri Tunas Finance are secured by consumer
   dijamin dengan piutang pembiayaan konsumen                     financing receivables amounted to Rp1,436,756
   sebesar Rp1.436.756       (31 Desember 2024:                   (31 December 2024: Rp2,435,067) (Note 13d) and net
   Rp2.435.067) (Catatan 13d) dan investasi bersih                investment finance leases amounted to Rp174,341
   dalam sewa pembiayaan sebesar Rp174.341                        (31 December 2024: Rp433,293) (Note 14d).
   (31 Desember 2024: Rp433.293) (Catatan 14d).

   Sukuk Mudharabah Berlandaskan Keberlanjutan                    Sustainable Mudharabah Sukuk

   Pada tanggal tanggal 7 Juni 2024, Entitas Anak                 On 7 June 2024, the Subsidiary (PT Bank Syariah
   (PT Bank Syariah Indonesia (“BSI”)) menerbitkan                Indonesia ("BSI")) issued the year 2024 Sustainable
   Sukuk Mudharabah Berlandaskan Keberlanjutan I                  Mudharabah Sukuk I Bank BSI Phase I amounting to
   Bank BSI Tahap I Tahun 2024 sebesar Rp3.000.000                Rp3,000,000.

   Sukuk Mudharabah Berlandaskan Keberlanjutan                    Sustainable Mudharabah Sukuk I Bank BSI Phase I
   Berkelanjutan I Bank BSI Tahap I Tahun 2024 ini                Year 2024 is issued without physical certificates, except
   diterbitkan tanpa warkat, kecuali Sertifikat Jumbo             for the Jumbo Sukuk Mudharabah Certificate, which is
   Sukuk Mudharabah yang diterbitkan untuk didaftarkan            issued in the name of KSEI as proof of ownership for the
   atas nama KSEI sebagai bukti kepemilikan untuk                 benefit of the Sukuk Mudharabah holder.
   kepentingan Pemegang Sukuk Mudharabah.

   Pada tanggal 19 Juni 2024, Sukuk Mudharabah                    On 19 June 2024, Sustainable Mudharabah Sukuk I
   Berlandaskan Keberlanjutan Berkelanjutan Tahap I               Bank BSI Phase I Year 2024 issued through a public
   Tahun 2024 yang diterbitkan melalui penawaran                  offering was listed on the Indonesia Stock Exchange
   umum telah tecatat di Bursa Efek Indonesia (BEI).              (IDX). Sustainable Mudharabah Sukuk I Bank BSI
   Sukuk Mudharabah Berlandaskan Keberlanjutan                    Phase I Year 2024 is issued with a rating of idAAA(sy)
   Berkelanjutan I Bank BSI Tahap I Tahun 2024                    (triple A Sharia) rated by Pefindo.
   diterbitkan dengan peringkat idAAA(sy) (triple A
   Syariah) berdasarkan pemeringkatan dari Pefindo.




                                                         262
Page 1277
                                                                                   The original consolidated financial statements
                                                                                 included herein are in the Indonesian language.

        PT BANK MANDIRI (PERSERO) Tbk                                     PT BANK MANDIRI (PERSERO) Tbk
            DAN ENTITAS ANAKNYA                                                 AND ITS SUBSIDIARIES
      CATATAN ATAS LAPORAN KEUANGAN                                        NOTES TO THE CONSOLIDATED
                 KONSOLIDASIAN                                                 FINANCIAL STATEMENTS
       Tanggal 31 Desember 2025 dan untuk                                   As of 31 December 2025 and for
      Tahun Berakhir pada Tanggal Tersebut                                     for the Year Then Ended
         (Disajikan dalam jutaan Rupiah,                                   (Expressed in millions of Rupiah,
             kecuali dinyatakan lain)                                          unless otherwise stated)

30. EFEK-EFEK YANG DITERBITKAN (lanjutan)                      30. DEBT SECURITIES ISSUED (continued)

   Obligasi (lanjutan)                                            Bonds (continued)

   Entitas Anak (lanjutan)                                        Subsidiaries (continued)

   Rupiah (lanjutan)                                              Rupiah (continued)

   Sukuk Mudharabah          Berlandaskan   Keberlanjutan         Sustainable Mudharabah Sukuk (continued)
   (lanjutan)

   Jumlah dana Sukuk Mudharabah Berlandaskan                      The total funds for Sustainable Mudharabah Sukuk I
   Keberlanjutan Berkelanjutan I Bank BSI Tahap I Tahun           Bank BSI Phase I Year 2024 amount to Rp3,000,000,
   2024 sebesar Rp3.000.000, yang terdiri dari: (a) Sukuk         consisting of: (a) Mudharabah Sukuk Series A with
   Mudharabah Seri A dengan jumlah dana Sukuk                     a total fund of Rp1,700,000 with a tenure of 370 calendar
   Mudharabah sebesar Rp1.700.000, dengan jangka                  days from the issuance date and matured on
   waktu 370 hari kalender sejak tanggal emisi dan telah          24 June 2025; (b) Mudharabah Sukuk Series B with
   jatuh tempo pada tanggal 24 Juni 2025; (b) Sukuk               a total fund of Rp220,000 with a tenure of 2 years from
   Mudharabah Seri B dengan jumlah dana Sukuk                     the issuance date and mature on 14 June 2026; and (c)
   Mudharabah sebesar Rp220.000 dengan jangka waktu               Mudharabah Sukuk Series C with a total fund of
   2 (dua) tahun sejak Tanggal Emisi dan akan jatuh               Rp1,080,000 with a tenure of 3 (three) years from the
   tempo pada tanggal 14 Juni 2026; dan (c) Sukuk                 issuance date and mature on 14 June 2027.
   Mudharabah Seri C dengan jumlah dana Sukuk
   Mudharabah sebesar Rp1.080.000 dengan jangka
   waktu 3 (tiga) tahun sejak tanggal emisi dan akan jatuh
   tempo pada tanggal 14 Juni 2027.

   Seluruh dana hasil penerbitan Sukuk Mudharabah                 All funds from Sustainable Mudharabah Sukuk I Bank
   Berlandaskan Keberlanjutan Berkelanjutan I Bank BSI            BSI Phase I Year 2024 will be used by the BSI for the
   Tahap I Tahun 2024, akan dipergunakan oleh BSI                 BSI's business activities in order to strengthen its capital
   untuk kegiatan usaha BSI dalam rangka memperkuat               structure by calculating the proceeds from the issuance
   struktur permodalan dengan memperhitungkan dana                as complementary capital and increasing the BSI’s
   hasil penerbitan sebagai modal pelengkap dan                   productive assets.
   meningkatkan aset produktif BSI..

   Pendapatan Bagi Hasil dibayarkan triwulan, sesuai              Profit-sharing income is paid quarterly, in accordance
   dengan tanggal pembayaran Pendapatan Bagi Hasil                with the profit-sharing payment schedule of the Sukuk
   Sukuk Mudharabah. Pembayaran Pendapatan Bagi                   Mudharabah. The first payment of Sukuk Mudharabah
   Hasil Sukuk Mudharabah pertama dilakukan pada                  profit-sharing income is scheduled for 14 September
   tanggal 14 September 2024 sedangkan pembayaran                 2024, while the final profit-sharing payments for each
   Pendapatan Bagi Hasil Sukuk Mudharabah terakhir                Sukuk Mudharabah series will be made on their
   dilakukan pada tanggal jatuh tempo Sukuk                       respective maturity dates 24 June 2025, for Sukuk
   Mudharabah masing-masing seri adalah pada tanggal              Mudharabah Series A, 14 June 2026 for Series B, and
   24 Juni 2025 untuk Sukuk Mudharabah Seri A,                    14 June 2027 for Series C.
   14 Juni 2026 untuk Sukuk Mudharabah Seri B, dan
   14 Juni 2027 untuk Sukuk Mudharabah Seri C.




                                                         263
Page 1278
                                                                                  The original consolidated financial statements
                                                                                included herein are in the Indonesian language.

        PT BANK MANDIRI (PERSERO) Tbk                                    PT BANK MANDIRI (PERSERO) Tbk
            DAN ENTITAS ANAKNYA                                                AND ITS SUBSIDIARIES
      CATATAN ATAS LAPORAN KEUANGAN                                       NOTES TO THE CONSOLIDATED
                 KONSOLIDASIAN                                                FINANCIAL STATEMENTS
       Tanggal 31 Desember 2025 dan untuk                                  As of 31 December 2025 and for
      Tahun Berakhir pada Tanggal Tersebut                                    for the Year Then Ended
         (Disajikan dalam jutaan Rupiah,                                  (Expressed in millions of Rupiah,
             kecuali dinyatakan lain)                                         unless otherwise stated)

30. EFEK-EFEK YANG DITERBITKAN (lanjutan)                     30. DEBT SECURITIES ISSUED (continued)

   Obligasi (lanjutan)                                           Bonds (continued)

   Entitas Anak (lanjutan)                                       Subsidiaries (continued)

   Rupiah (lanjutan)                                             Rupiah (continued)

   Sukuk Mudharabah          Berlandaskan   Keberlanjutan        Sustainable Mudharabah Sukuk (continued)
   (lanjutan)
   Nisbah dan pendapatan bagi hasil Sukuk Mudharabah             The profit-sharing ratio and revenue of Sustainable
   Berlandaskan Keberlanjutan Berkelanjutan I Bank BSI           Mudharabah Sukuk I Bank BSI Phase I Year 2024 are
   Tahap I Tahun 2024 dikelompokkan menjadi: (a)                 categorized as follows: (a) Mudharabah Sukuk Series A:
   Sukuk Mudharabah Seri A: pendapatan bagi hasil                The revenue sharing of the Mudharabah Sukuk is
   Sukuk Mudharabah yang dihitung berdasarkan                    calculated based on the multiplication of the profit-
   perkalian antara Nisbah bagi hasil, dimana besarnya           sharing ratio, where the ratio for Sukuk holders is
   Nisbah Pemegang Sukuk adalah sebesar 74,72% dan               74.72% and BSI ratio is 25.28% of the distributed
   Nisbah BSI adalah sebesar 25,28% dari pendapatan              revenue, with a profit equivalent to 6.65% per annum;
   yang dibagihasilkan dengan bagi hasil sebesar                 (b) Mudharabah Sukuk Series B: The revenue sharing
   ekuivalen 6,65% per tahun; (b) Sukuk Mudharabah               of the Mudharabah Sukuk is calculated based on the
   Seri B: pendapatan bagi hasil Sukuk Mudharabah yang           multiplication of the profit-sharing ratio, where the ratio
   dihitung berdasarkan perkalian antara Nisbah Bagi             for Sukuk holders is 75.29% and BSI ratio is 24.71% of
   Hasil, dimana besarnya Nisbah Pemegang Sukuk                  the distributed revenue, with a profit equivalent to 6.70%
   adalah sebesar 75,29% dan Nisbah BSI adalah                   per annum; and (c) Mudharabah Sukuk Series C: The
   sebesar 24,71% dari pendapatan yang dibagihasilkan            revenue sharing of the Mudharabah Sukuk is calculated
   dengan bagi hasil sebesar ekuivalen 6,70% per tahun;          based on the multiplication of the profit-sharing ratio,
   dan (c) Sukuk Mudharabah Seri C: pendapatan bagi              where the ratio for Sukuk holders is 76.41% and BSI
   hasil Sukuk Mudharabah yang dihitung berdasarkan              ratio is 23.59% of the distributed revenue, with a profit
   perkalian antara Nisbah Bagi Hasil, dimana besarnya           equivalent to 6.80% per annum. Profit-sharing income is
   Nisbah Pemegang Sukuk adalah sebesar 76,41% dan               paid quarterly, in accordance with the profit-sharing
   Nisbah BSI adalah sebesar 23,59% pendapatan yang              payment dates.
   dibagihasilkan dengan bagi hasil sebesar ekuivalen
   6,80% per tahun.
   Bertindak sebagai wali amanat Sukuk Mudharabah                The Trustee for Sustainable Mudharabah Sukuk I Bank
   Berlandaskan Keberlanjutan Berkelanjutan I Bank BSI           BSI Phase I Year 2024 is PT Bank Tabungan Negara
   Tahap I Tahun 2024 adalah PT Bank Tabungan                    (Persero) Tbk.
   Negara (Persero) Tbk.
   Pada tanggal 24 Juni 2025, Sukuk Mudharabah                   On 24 June 2025, Sustainable Mudharabah Sukuk I
   Berlandaskan Keberlanjutan Berkelanjutan I Bank BSI           Bank BSI Phase I Year 2024 Series A with a principal
   Tahap I Tahun 2024 Seri A dengan pokok sebesar                amount of Rp1,700,000 matured and was settled by BSI
   Rp1.700.000 telah jatuh tempo dan dilunaskan oleh             through PT Kustodian Sentral Efek Indonesia. The
   BSI melalui PT Kustodian Sentral Efek Indonesia.              settlement of the principal of the sukuk has been paid by
   Pelunasan pokok sukuk telah dibayarkan oleh BSI               BSI on schedule in accordance with the issuance
   sesuai dengan jatuh tempo yang telah ditetapkan               agreement.
   dalam perjanjian penerbitan.
   Pada tanggal 30 Juni 2025, Sukuk Mudharabah                   On 30 June 2025, Sustainable Mudharabah Sukuk I
   Berlandaskan Keberlanjutan Berkelanjutan Tahap II             Bank BSI Phase II Year 2025 issued through a public
   Tahun 2025 yang diterbitkan melalui penawaran umum            offering was listed on the Indonesia Stock Exchange
   telah tecatat di Bursa Efek Indonesia (BEI). Sukuk            (IDX).     The    Continuous       Sustainability   Sukuk
   Mudharabah         Berlandaskan        Keberlanjutan          Mudharabah I Bank BSI Phase II Year 2025 was issued
   Berkelanjutan I Bank BSI Tahap II Tahun 2025 ini              without script, except for the Sukuk Mudharabah Jumbo
   diterbitkan tanpa warkat, kecuali Sertifikat Jumbo            Certificate which was issued to be registered in the
   Sukuk Mudharabah yang diterbitkan untuk didaftarkan           name of KSEI as proof of ownership for the benefit of the
   atas nama KSEI sebagai bukti kepemilikan untuk                sukuk     mudharabah        holders.   The     Continuous
   kepentingan pemegang sukuk mudharabah. Sukuk                  Sustainability Sukuk Mudharabah I Bank BSI Phase II
   Mudharabah         Berlandaskan        Keberlanjutan          Year 2025 was issued with a rating of idAAA(sy) (Triple
   Berkelanjutan I Bank BSI Tahap II Tahun 2025                  A Sharia).
   diterbitkan dengan peringkat idAAA(sy) (Triple A
   Sharia).

                                                        264
Page 1279
                                                                                   The original consolidated financial statements
                                                                                 included herein are in the Indonesian language.

        PT BANK MANDIRI (PERSERO) Tbk                                      PT BANK MANDIRI (PERSERO) Tbk
            DAN ENTITAS ANAKNYA                                                  AND ITS SUBSIDIARIES
      CATATAN ATAS LAPORAN KEUANGAN                                         NOTES TO THE CONSOLIDATED
                 KONSOLIDASIAN                                                  FINANCIAL STATEMENTS
       Tanggal 31 Desember 2025 dan untuk                                    As of 31 December 2025 and for
      Tahun Berakhir pada Tanggal Tersebut                                      for the Year Then Ended
         (Disajikan dalam jutaan Rupiah,                                    (Expressed in millions of Rupiah,
             kecuali dinyatakan lain)                                           unless otherwise stated)

30. EFEK-EFEK YANG DITERBITKAN (lanjutan)                     30. DEBT SECURITIES ISSUED (continued)

   Obligasi (lanjutan)                                           Bonds (continued)

   Entitas Anak (lanjutan)                                       Subsidiaries (continued)

   Rupiah (lanjutan)                                             Rupiah (continued)

   Sukuk Mudharabah          Berlandaskan   Keberlanjutan        Sustainable Mudharabah Sukuk (continued)
   (lanjutan)

   Jumlah dana Sukuk Mudharabah Berlandaskan                     The amount of Sustainable Mudharabah Sukuk I Bank
   Keberlanjutan Berkelanjutan I Bank BSI Tahap II Tahun         BSI Phase II Year 2025 is Rp5,000,000, consisting of:
   2025 sebesar Rp5.000.000, yang terdiri dari:
   -  Sukuk Mudharabah Seri A dengan jumlah dana                 -     Series A Sukuk Mudharabah with total Mudharabah
       sukuk Mudharabah sebesar Rp2.445.000 dengan                     sukuk funds of Rp2,445,000 with a term of 370
       jangka waktu 370 hari kalender sejak tanggal emisi              calendar days from the issuance date and will
       dan akan jatuh tempo pada tanggal 6 Juli 2026;                  mature on 6 July 2026;
   -  Sukuk Mudharabah Seri B dengan jumlah dana                 -     Series B Sukuk Mudharabah with total Mudharabah
       sukuk Mudharabah sebesar Rp175.000 dengan                       sukuk funds of Rp175,000 with a term of 2 (two)
       jangka waktu 2 (dua) tahun sejak tanggal emisi dan              years from the issuance date and will mature on
       akan jatuh tempo pada tanggal 26 Juni 2027; dan                 26 June 2027; and
   -  Sukuk Mudharabah Seri C dengan jumlah dana                 -     Series C Sukuk Mudharabah with total sukuk
       sukuk Mudharabah sebesar Rp2.380.000 dengan                     Mudharabah funds amounted to Rp2,380,000 with a
       jangka waktu 3 (tiga) tahun sejak tanggal emisi dan             term of 3 (three) years from the issuance date and
       akan jatuh tempo pada tanggal 26 Juni 2028.                     will mature on 26 June 2028.

   PT Bank Mandiri (Persero) Tbk dan Entitas Anak telah              PT Bank Mandiri (Persero) Tbk and the Subsidiaries
   melakukan pembayaran bunga efek-efek yang                         have paid the interest of debt securities issued in
   diterbitkan sesuai dengan jadwal pembayaran bunga                 accordance to interest payment schedule during the
   selama tahun yang berakhir tanggal 31 Desember                    period and year ended 31 December 2025 and 2024.
   2025 dan 2024.

   Nisbah dan pendapatan bagi hasil Sukuk Mudharabah             Nisbah and profit sharing income from Continuous
   Berlandaskan Keberlanjutan Berkelanjutan I Bank BSI           Sustainability Sukuk Mudharabah I Bank BSI Phase II
   Tahap II Tahun 2025 dikelompokkan menjadi:                    Year 2025 is grouped into:

   Sukuk Mudharabah Seri A: pendapatan bagi hasil sukuk          Mudharabah Sukuk Series A: The revenue sharing of the
   mudharabah yang dihitung berdasarkan perkalian                Mudharabah Sukuk is calculated based on the
   antara nisbah bagi hasil, dimana besarnya nisbah              multiplication of the profit-sharing ratio, where the ratio
   pemegang sukuk adalah sebesar 72,42% dan besarnya             for Sukuk holders is 72.42% and BSI ratio is 27.53% of
   nisbah BSI adalah sebesar 27,53% dari pendapatan              the distributed revenue, with a profit equivalent to 6.45%
   yang dibagihasilkan dengan bagi hasil sebesar                 per annum.
   ekuivalen 6,45% per tahun.

   Sukuk Mudharabah Seri B: pendapatan bagi hasil sukuk          Mudharabah Sukuk Series B : The revenue sharing of
   mudharabah yang dihitung berdasarkan perkalian                the Mudharabah Sukuk is calculated based on the
   antara nisbah bagi hasil, dimana besarnya nisbah              multiplication of the profit-sharing ratio, where the ratio
   pemegang sukuk adalah sebesar 73,60% dan besarnya             for Sukuk holders is 73.60% and BSI ratio is 26.40% of
   nisbah BSI adalah sebesar 26,40% dari pendapatan              the distributed revenue, with a profit equivalent to 6.55%
   yang dibagihasilkan dengan bagi hasil sebesar                 per annum.
   ekuivalen 6,55% per tahun.

   Sukuk Mudharabah Seri C: pendapatan bagi hasil sukuk          Mudharabah Sukuk Series C : The revenue sharing of
   mudharabah yang dihitung berdasarkan perkalian                the Mudharabah Sukuk is calculated based on the
   antara nisbah bagi hasil, dimana besarnya nisbah              multiplication of the profit-sharing ratio, where the ratio
   pemegang sukuk adalah sebesar 74,72% dan besarnya             for Sukuk holders is 74.72% and BSI ratio is 25.28% of
   nisbah BSI adalah sebesar 25,28% dari pendapatan              the distributed revenue, with a profit equivalent to 6.65%
   yang dibagihasilkan dengan bagi hasil sebesar                 per annum.
   ekuivalen 6,65% per tahun.



                                                        265
Page 1280
                                                                                    The original consolidated financial statements
                                                                                  included herein are in the Indonesian language.

        PT BANK MANDIRI (PERSERO) Tbk                                      PT BANK MANDIRI (PERSERO) Tbk
            DAN ENTITAS ANAKNYA                                                  AND ITS SUBSIDIARIES
      CATATAN ATAS LAPORAN KEUANGAN                                         NOTES TO THE CONSOLIDATED
                 KONSOLIDASIAN                                                  FINANCIAL STATEMENTS
       Tanggal 31 Desember 2025 dan untuk                                    As of 31 December 2025 and for
      Tahun Berakhir pada Tanggal Tersebut                                      for the Year Then Ended
         (Disajikan dalam jutaan Rupiah,                                    (Expressed in millions of Rupiah,
             kecuali dinyatakan lain)                                           unless otherwise stated)

30. EFEK-EFEK YANG DITERBITKAN (lanjutan)                       30. DEBT SECURITIES ISSUED (continued)

   Obligasi (lanjutan)                                             Bonds (continued)

   Entitas Anak (lanjutan)                                         Subsidiaries (continued)

   Rupiah (lanjutan)                                               Rupiah (continued)

   Sukuk Mudharabah          Berlandaskan   Keberlanjutan          Sustainable Mudharabah Sukuk (continued)
   (lanjutan)

   Pendapatan Bagi Hasil dibayarkan triwulan, sesuai               Revenue Sharing Income is paid quarterly, in
   dengan tanggal pembayaran Pendapatan Bagi Hasil                 accordance with the payment date of the Sukuk
   Sukuk Mudharabah. Pembayaran Pendapatan Bagi                    Mudharabah Revenue Sharing Income. The first Sukuk
   Hasil Sukuk Mudharabah pertama dilakukan pada                   Mudharabah Revenue Sharing Income payment will be
   tanggal 26 September 2025 sedangkan pembayaran                  made on 26 September 2025, while the last Sukuk
   Pendapatan Bagi Hasil Sukuk Mudharabah terakhir                 Mudharabah Revenue Sharing Income payment will be
   dilakukan pada tanggal jatuh tempo Sukuk Mudharabah             made on the maturity date of each Sukuk Mudharabah
   masing-masing seri adalah pada tanggal 6 Juli 2026              series, which is on 6 July 2026 for Sukuk Mudharabah
   untuk Sukuk Mudharabah Seri A, 26 Juni 2027 untuk               Series A, 26 June 2027 for Sukuk Mudharabah Series
   Sukuk Mudharabah Seri B, dan 26 Juni 2028 untuk                 B, and 26 June 2028 for Sukuk Mudharabah Series C.
   Sukuk Mudharabah Seri C.

   Dana yang diperoleh dari hasil Penawaran Umum                   The funds obtained from the Continuous Public Offering
   Berkelanjutan Sukuk Mudharabah Berlandaskan                     of Continuous Sustainability Sukuk Mudharabah I Bank
   Keberlanjutan Berkelanjutan I Bank BSI Tahap II Tahun           BSI Phase II Year 2025, after deducting the issuance
   2025, setelah dikurangi dengan biaya-biaya emisi                cost, will be used by the BSI on the disbursement of new
   terkait, akan digunakan BSI untuk penyaluran                    financing or existing financing, either directly or indirectly,
   pembiayaan baru atau pun pembiayaan yang sudah                  for activities included in the category of Environmental
   ada, baik langsung atau pun tidak langsung, atas                Based Business Activity (“KUBL”) and Social Based
   kegiatan-kegiatan yang termasuk dalam kategori                  Business Activity (“KUBS”) as regulated on POJK No. 18
   Kegiatan Usaha Berwawasan Lingkungan (“KUBL”) dan               Year 2023 concerning the Issuance and Requirements of
   Kegiatan Usaha Berwawasan Sosial (“KUBS”)                       Sustainability Debt and Sukuk Securities, with a minimum
   sebagaimana diatur dalam POJK No. 18 Tahun 2023                 portion of 30% and a maximum portion of 50% for KUBL
   tentang Penerbitan dan Persyaratan Efek Bersifat Utang          and a minimum portion of 50% and a maximum portion of
   dan Sukuk Berlandaskan Keberlanjutan, dengan porsi              70% for KUBS.
   minimal sebesar 30% dan maksimal sebesar 50% untuk
   KUBL serta minimal 50% dan maksimal 70% untuk
   KUBS.

   Bertindak sebagai wali amanat Sukuk Mudharabah                   Acting as trustee of Continuous Sustainability Sukuk
   Berlandaskan Keberlanjutan Berkelanjutan I Bank BSI              Mudharabah I Bank BSI Phase II Year 2025 is
   Tahap II Tahun 2025 adalah PT Bank Tabungan Negara               PT Bank Tabungan Negara (Persero) Tbk.
   (Persero) Tbk.

   BSI telah melakukan pembayaran bagi hasil sesuai                BSI has paid the profit sharing on schedule as stated in
   dengan jatuh tempo yang telah ditetapkan dalam                  the issuance agreement.
   perjanjian penerbitan.

   Sertifikat Investasi Mudharabah Antarbank (SIMA)                Interbank Mudharabah Investment Certificate (SIMA)

   Pada tanggal 27 Juni 2024 sampai 28 Juni 2024,                  On 27 June 2024 to 28 June 2024, the Subsidiary
   Entitas Anak (“BSI”) memberikan fasilitas committed             (“BSI”) provided a committed line facility through an
   line melalui Sertifikat Investasi Mudharabah Antarbank          Interbank Mudharabah Investment Certificate (SIMA)
   (SIMA) sebesar Rp930.000 dengan jatuh tempo                     amounting to Rp930,000 with a maturity of less than one
   kurang dari satu bulan yang memiliki nilai nisbah               month with a ratio of around 6.1% - 6.48%. This facility
   sekitar 6,1% - 6,48%. Fasilitas ini tidak dijamin dengan        is not guaranteed by special collateral, including not
   agunan khusus, termasuk tidak dijamin oleh Negara               guaranteed by the Republic of Indonesia or other third
   Republik Indonesia atau pihak ketiga lainnya.                   parties.




                                                          266
Page 1281
                                                                                   The original consolidated financial statements
                                                                                 included herein are in the Indonesian language.

        PT BANK MANDIRI (PERSERO) Tbk                                     PT BANK MANDIRI (PERSERO) Tbk
            DAN ENTITAS ANAKNYA                                                 AND ITS SUBSIDIARIES
      CATATAN ATAS LAPORAN KEUANGAN                                        NOTES TO THE CONSOLIDATED
                 KONSOLIDASIAN                                                 FINANCIAL STATEMENTS
       Tanggal 31 Desember 2025 dan untuk                                   As of 31 December 2025 and for
      Tahun Berakhir pada Tanggal Tersebut                                     for the Year Then Ended
         (Disajikan dalam jutaan Rupiah,                                   (Expressed in millions of Rupiah,
             kecuali dinyatakan lain)                                          unless otherwise stated)

30. EFEK-EFEK YANG DITERBITKAN (lanjutan)                       30. DEBT SECURITIES ISSUED (continued)

   Obligasi (lanjutan)                                             Bonds (continued)

   Entitas Anak (lanjutan)                                         Subsidiaries (continued)

   Rupiah (lanjutan)                                               Rupiah (continued)

   Sertifikat Investasi Mudharabah Antarbank (SIMA)                Interbank Mudharabah Investment Certificate (SIMA)
   (lanjutan)                                                      (continued)

   Selama tahun 2025, Entitas Anak (PT Bank Syariah                During 2025, the Subsidiary (PT Bank Syariah
   Indonesia) memberikan fasilitas committed line melalui          Indonesia) provided a committed line facility through
   Sertifikat Investasi Mudharabah Antarbank (SIMA)                Interbank Mudharabah Investment Certificates (SIMA)
   sebesar Rp16.796.980 dengan jatuh tempo kurang                  amounting to Rp16,796,980 with a maturity of less than
   dari satu bulan yang memiliki nilai nisbah sekitar 4,43%        one month, bearing a profit-sharing ratio (nisbah)
   - 7,20%. Fasilitas ini tidak dijamin dengan agunan              ranging from approximately 4.43% to 7.20%. This facility
   khusus, termasuk tidak dijamin oleh Negara Republik             is not secured by specific collateral, including no
   Indonesia atau pihak ketiga lainnya. Selama tahun               guarantees from the Government of the Republic of
   2025, telah dilakukan pelunasan atas fasilitas SIMA             Indonesia or any third party. During 2025, a total of
   sebesar Rp16.385.780.                                           Rp16,385,780 in SIMA facilities was repaid.

   Pada tanggal 24 Desember 2025 sampai dengan                     During the period from 24 December 2025 to
   31 Desember 2025, Bank telah melakukan simpanan                 31 December 2025, the Bank placed deposits with other
   dari bank lain berupa Sertifikat Investasi Mudharabah           banks in the form of Interbank Mudharabah Investment
   Antar Bank (SIMA) sebesar Rp2,65 triliun dengan                 Certificates (SIMA) amounting to Rp2.65 trillion, with
   maturity date antara 02 Januari 2026 - 12 Januari 2026          maturity dates ranging from 2 January 2026 to 12
   dengan eq rate rata - rata di 4,65% meningkat 118%              January 2026 and an average equivalent rate of 4.65%.
   dibandingkan dengan tahun 2024 yang sebesar Rp2,24              This represented an increase of 118% compared to
   triliun.                                                        2024, when the balance amounted to Rp2.24 trillion.

   Sukuk Mudharabah Muqayyadah I Tahap I, II, III dan              Sukuk Mudharabah Muqayyadah I Phase I, II, III, and IV
   IV

   Pada tanggal 26 Juni 2023, BSI telah menerbitkan                On 26 June 2023, BSI issued Long Term Mudharabah
   Sukuk Mudharabah Muqayyadah Jangka Panjang                      Muqayyadah Sukuk Conducted Without Public Offering
   yang Dilakukan Tanpa Melalui Penawaran Umum I PT                I PT Bank BSI Tbk Year 2023 Phase I ("Sukuk
   Bank BSI Tbk Tahun 2023 Tahap I (“Sukuk                         Mudharabah Muqayyadah I Phase I") with a nominal
   Mudharabah Muqayyadah I Tahap I”) dengan nilai                  value of IDR 3,759. On 26 March 2024, BSI re-issued
   nominal sebesar Rp3.759. Pada tanggal 26 Maret                  the Long-Term Mudharabah Muqayyadah Sukuk
   2024, Bank menerbitkan kembali Sukuk Mudharabah                 Conducted Without Public Offering I PT Bank BSI Tbk
   Muqayyadah Jangka Panjang yang Dilakukan Tanpa                  Year 2023 Phase II ("Sukuk Mudharabah Muqayyadah I
   Melalui Penawaran Umum I PT Bank BSI Tbk Tahun                  Phase II") with a nominal value of Rp7,762. On
   2024 Tahap II (“Sukuk Mudharabah Muqayyadah I                   20 December 2024, BSI re-issued the Long-Term
   Tahap II”) dengan nilai nominal sebesar Rp7.762. Pada           Mudharabah Muqayyadah Sukuk Conducted Without
   tanggal 20 Desember 2024, BSI menerbitkan kembali               Public Offering I PT Bank BSI Tbk Year 2024 Phase III
   Sukuk Mudharabah Muqayyadah Jangka Panjang                      ("Sukuk Mudharabah Muqayyadah I Phase III") with a
   yang Dilakukan Tanpa Melalui Penawaran Umum I PT                nominal value of Rp7,969.
   Bank BSI Tbk Tahun 2024 Tahap III (“Sukuk
   Mudharabah Muqayyadah I Tahap III”) dengan nilai
   nominal sebesar Rp7.969.

   Pada periode pembayaran bulan Maret 2025, terdapat              During the March 2025 payment period, there were
   pembayaran pokok Sukuk Mudharabah Muqayyadah I                  principal  repayments     of  Sukuk     Mudharabah
   Tahap I dan II sebesar Rp234 yang dibayarkan pada               Muqayyadah I Tranches I and II amounting to Rp234,
   tanggal 26 Maret 2025 dan Sukuk Mudharabah                      paid on 26 March 2025, and Sukuk Mudharabah
   Muqayyadah I Tahap III sebesar Rp166 yang                       Muqayyadah I Tranche III amounting to Rp166, paid on
   dibayarkan tanggal 20 Maret 2025.                               20 March 2025.




                                                          267
Page 1282
                                                                                The original consolidated financial statements
                                                                              included herein are in the Indonesian language.

        PT BANK MANDIRI (PERSERO) Tbk                                  PT BANK MANDIRI (PERSERO) Tbk
            DAN ENTITAS ANAKNYA                                              AND ITS SUBSIDIARIES
      CATATAN ATAS LAPORAN KEUANGAN                                     NOTES TO THE CONSOLIDATED
                 KONSOLIDASIAN                                              FINANCIAL STATEMENTS
       Tanggal 31 Desember 2025 dan untuk                                As of 31 December 2025 and for
      Tahun Berakhir pada Tanggal Tersebut                                  for the Year Then Ended
         (Disajikan dalam jutaan Rupiah,                                (Expressed in millions of Rupiah,
             kecuali dinyatakan lain)                                       unless otherwise stated)

30. EFEK-EFEK YANG DITERBITKAN (lanjutan)                   30. DEBT SECURITIES ISSUED (continued)

   Obligasi (lanjutan)                                         Bonds (continued)

   Entitas Anak (lanjutan)                                     Subsidiaries (continued)

   Rupiah (lanjutan)                                           Rupiah (continued)

   Sukuk Mudharabah Muqayyadah I Tahap I, II, III dan          Sukuk Mudharabah Muqayyadah I Phase I, II, III, and IV
   IV (lanjutan)                                               (continued)

   Pada periode pembayaran bulan Juni 2025, terdapat           During the June 2025 payment period, there were
   pembayaran pokok Sukuk Mudharabah Muqayyadah I              principal  repayments     of   Sukuk    Mudharabah
   Tahap I dan II sebesar Rp234 yang dibayarkan tanggal        Muqayyadah I Tranches I and II amounting to Rp234,
   26 Juni 2025 dan Sukuk Mudharabah Muqayyadah I              paid on 26 June 2025, and Sukuk Mudharabah
   Tahap III sebesar Rp166 yang dibayarkan tanggal 20          Muqayyadah I Tranche III amounting to Rp166, paid on
   Juni 2025. Pada periode pembayaran bulan September          20 June 2025. During the September 2025 payment
   2025, terdapat pembayaran pokok Sukuk Mudharabah            period, there were principal repayments of Sukuk
   Muqayyadah I Tahap I dan II sebesar Rp234 yang              Mudharabah Muqayyadah I Tranches I and II amounting
   dibayarkan tanggal 26 September 2025 dan Sukuk              to Rp234, paid on 26 September 2025, and Sukuk
   Mudharabah Muqayyadah I Tahap III dan IV sebesar            Mudharabah Muqayyadah I Tranches III and IV
   Rp328 yang dibayarkan tanggal 20 September 2025.            amounting to Rp328, paid on 20 September 2025.

   Pada periode pembayaran bulan Desember 2025,                During the December 2025 payment period, there were
   terdapat pembayaran pokok Sukuk Mudharabah                  principal   repayments    of   Sukuk    Mudharabah
   Muqayyadah I Tahap I dan II sebesar Rp234 yang              Muqayyadah I Tranches I and II amounting to Rp234,
   dibayarkan tanggal 26 Desember 2025 dan Sukuk               paid on 26 December 2025, and Sukuk Mudharabah
   Mudharabah Muqayyadah I Tahap III dan IV sebesar            Muqayyadah I Tranches III and IV amounting to Rp328,
   Rp328 yang dibayarkan tanggal 20 Desember 2025.             paid on 20 December 2025.

   Pada tanggal 20 Juni 2025, BSI menerbitkan kembali          On 20 June 2025, BSI reissued the Long-Term
   Sukuk Mudharabah Muqayyadah Jangka Panjang                  Restricted Mudharabah Sukuk Without Public Offering I
   yang Dilakukan Tanpa Melalui Penawaran Umum I               PT Bank BSI Tbk Year 2025 Phase IV (“Sukuk
   PT Bank BSI Tbk Tahun 2025 Tahap IV ("Sukuk                 Mudharabah Muqayyadah I Phase IV”) with a nominal
   Mudharabah Muqayyadah I Tahap IV") dengan                   value of Rp8,260. The total ceiling for Muqayyadah
   nominal sebesar Rp8.260. Total plafon penerbitan            Mudharabah Sukuk issuance is Rp100,000.
   Sukuk Mudharabah Muqayyadah adalah sebesar
   Rp100.000.

   Besarnya nisbah masing-masing adalah sebesar                The respective nisbah are 36.34%, 19.75%, 19.84%,
   36,34%, 19,75%, 19,84%, dan 20,32% yang                     and 20.32%, which is indicated at 0.55% per year. Sukuk
   diindikasikan sebesar 0,55% per tahun. Dana sukuk           funds and profit sharing are paid every 3 (three) months
   dan bagi hasil dibayarkan setiap 3 (tiga) bulan dan         and will mature on 26 December 2035, 26 June 2036,
   masing-masing akan jatuh tempo pada tanggal                 20 December 2036 and 20 March 2038, respectively.
   26 Desember 2035, 26 Juni 2036, 20 Desember 2036,
   dan 20 Maret 2038.

   Penerbitan sukuk tersebut dilakukan dalam rangka             The issuance of the sukuk was carried out in the context
   kerjasama antara BSI dengan BP Tapera selaku                 of cooperation between BSI and BP Tapera as the sole
   investor tunggal dimana BSI ditunjuk sebagai Bank            investor where BSI was appointed as BSI that
   Penyalur KPR Tapera Syariah kepada peserta BP                distributes Tapera Syariah KPR to BP Tapera
   Tapera. Skema kerjasama tersebut diatur pada                 participants. This cooperation scheme is regulated in
   Undang-Undang No. 4 Tahun 2016 dan Peraturan                 Law No. 4 Year 2016 and Government Regulation No.
   Pemerintah    No.    25   Tahun     2020   perihal           25 Year 2020 concerning the implementation of public
   penyelenggaraan tabungan perumahan rakyat.                   housing savings.

   PT Bank Mandiri (Persero) Tbk dan Entitas Anak telah        PT Bank Mandiri (Persero) Tbk and the Subsidiaries
   melakukan pembayaran bunga efek-efek yang                   have paid the interest of debt securities issued in
   diterbitkan sesuai dengan jadwal pembayaran bunga           accordance to interest payment schedule during the
   selama pada tahun yang berakhir tanggal                     year ended 31 December 2025 and 2024.
   31 Desember 2025 dan 2024.


                                                      268
Page 1283
                                                                                                                The original consolidated financial statements
                                                                                                              included herein are in the Indonesian language.

         PT BANK MANDIRI (PERSERO) Tbk                                                               PT BANK MANDIRI (PERSERO) Tbk
             DAN ENTITAS ANAKNYA                                                                           AND ITS SUBSIDIARIES
       CATATAN ATAS LAPORAN KEUANGAN                                                                  NOTES TO THE CONSOLIDATED
                  KONSOLIDASIAN                                                                           FINANCIAL STATEMENTS
        Tanggal 31 Desember 2025 dan untuk                                                             As of 31 December 2025 and for
       Tahun Berakhir pada Tanggal Tersebut                                                               for the Year Then Ended
          (Disajikan dalam jutaan Rupiah,                                                             (Expressed in millions of Rupiah,
              kecuali dinyatakan lain)                                                                    unless otherwise stated)

31. ESTIMASI KERUGIAN ATAS KOMITMEN DAN                                             31. ESTIMATED LOSSES ON COMMITMENTS AND
    KONTINJENSI                                                                         CONTINGENCIES
  a.    Transaksi            komitmen      dan kontijensi           sebagai             a.    Transactions of commitments and contigencies are
        berikut:                                                                              as follows:

                                                             31 Desember 2025/        31 Desember 2024/
                                                             31 December 2025         31 December 2024
       Rupiah                                                                                                                                             Rupiah
         Bank garansi yang diterbitkan                                                                                                   Bank guarantee issued
           (Catatan 54)                                                86.171.283                    83.066.804                                    (Note 54)
         Fasilitas kredit yang diberikan
           yang belum digunakan*)                                      61.634.126                    55.630.182                       Unused loan facilities*)
         Letter of credit yang tidak dapat                                                                                      Outstanding irrevocable letter
           dibatalkan (Catatan 54)                                      7.767.236                     6.953.432                         of credit (Note 54)
         Standby letter of credit                                                                                                     Standby letter of credit
           (Catatan 54)                                                 2.779.806                     2.108.300                                   (Note 54)
       Total                                                         158.352.451                    147.758.718                                                     Total

       Mata uang asing                                                                                                                         Foreign currencies
         Bank garansi yang diterbitkan                                                                                                   Bank guarantee issued
           (Catatan 54)                                                79.869.089                    55.490.699                                    (Note 54)
         Fasilitas kredit yang diberikan
           yang belum digunakan*)                                      82.542.370                    35.161.166                        Unused loan facilities*)
         Letter of credit yang tidak dapat                                                                                       Outstanding irrevocable letter
           dibatalkan (Catatan 54)                                     15.464.546                    15.486.231                          of credit (Note 54)
         Standby letter of credit                                                                                                      Standby letter of credit
           (Catatan 54)                                                15.579.985                    10.200.389                                    (Note 54)

       Total                                                         193.455.990                    116.338.485                                                     Total

                                                                     351.808.441                    264.097.203

        *)                                                                                    *)
               Termasuk fasilitas kredit committed dan uncommitted kartu kredit                      Including unused committed and uncommitted credit card facilities
               yang belum digunakan.

        Berikut adalah perubahan nilai tercatat atas                                          Movements in carrying amount of commitments and
        komitmen dan kontinjensi dengan klasifikasi biaya                                     contigencies classified as amortised cost upon
        perolehan diamortisasi berdasarkan stage:                                             stage are as follows:
                                                                      31 Desember 2025/31 December 2025
                                                                                                         Syariah*)/
                                              Stage 1            Stage 2            Stage 3               Sharia*)               Total

       Saldo awal                            250.443.992           11.061.012          186.887              2.405.312          264.097.203            Beginning balance
       Pengalihan ke/(dari):                                                                                                                          Transfer to/(from):
         - Stage 1                                421.775            (402.032)         (19.743 )                       -                     -              Stage 1 -
         - Stage 2                               (417.207)            423.142            (5.935)                       -                     -              Stage 2 -
         - Stage 3                                (13.576)            (34.498)          48.074                         -                     -              Stage 3 -

       Total saldo awal                      250.434.984           11.047.624          209.283              2.405.312          264.097.203               Total beginning
         setelah pengalihan                                                                                                                      balance after transfer

       Pengukuran kembali bersih               (2.458.585)            543.001           (41.704)                       -        (1.957.288) Remeasurement of net
         nilai tercatat**)                                                                                                                    carrying amount**)
                                                                                                                                            New commitments and
       Komitmen dan kontinjensi                                                                                                                     contigencies
         baru yang diterbitkan                                                                                                                      originated or
         atau dibeli                         228.319.139            8.440.419          110.874              3.970.630          240.841.062            purchased
       Komitmen dan kontinjensi                                                                                                                 Commitments and
         yang dihentikan                                                                                                                            contigencies
         pengakuannya                      (142.602.796)           (4.606.005)         (176.410)           (3.787.325)        (151.172.536)       derecognised

       Total kenaikan/                                                                                                                                   Total increase/
         (penurunan)                                                                                                                                      (decrease)
         tahun berjalan                       83.257.758            4.377.415          (107.240)              183.305           87.711.238            during the year
                      ***)
       Saldo akhir                           333.692.742           15.425.039          102.043              2.588.617          351.808.441            Ending balance***)
        *)                                                                                    *)
                Tidak menerapkan PSAK 109.                                                             Not implement SFAS 109.
        **)                                                                                   **)
                Termasuk di dalam pengukuran kembali bersih adalah pembayaran                          Including in the net remeasurement is repayment.
                kembali.
        ***)                                                                                  ***)
                Termasuk fasilitas uncomitted kredit yang diberikan yang belum                         Including the unused uncommitted loan facilities for credit cards
                digunakan untuk kartu kredit sebesar Rp43.796.974.                                     amounted to Rp43,796,974.


                                                                              269
Page 1284
                                                                                                                    The original consolidated financial statements
                                                                                                                  included herein are in the Indonesian language.

         PT BANK MANDIRI (PERSERO) Tbk                                                                   PT BANK MANDIRI (PERSERO) Tbk
             DAN ENTITAS ANAKNYA                                                                               AND ITS SUBSIDIARIES
       CATATAN ATAS LAPORAN KEUANGAN                                                                      NOTES TO THE CONSOLIDATED
                  KONSOLIDASIAN                                                                               FINANCIAL STATEMENTS
        Tanggal 31 Desember 2025 dan untuk                                                                 As of 31 December 2025 and for
       Tahun Berakhir pada Tanggal Tersebut                                                                   for the Year Then Ended
          (Disajikan dalam jutaan Rupiah,                                                                 (Expressed in millions of Rupiah,
              kecuali dinyatakan lain)                                                                        unless otherwise stated)

31. ESTIMASI KERUGIAN ATAS KOMITMEN DAN                                                31. ESTIMATED LOSSES ON COMMITMENTS AND
    KONTINJENSI (lanjutan)                                                                 CONTINGENCIES (continued)
  a.    Transaksi komitmen                  dan kontijensi           sebagai                 a.        Transactions of commitments and contigencies are
        berikut: (lanjutan)                                                                            as follows: (continued)

        Berikut adalah perubahan nilai tercatat atas                                              Movements in carrying amount of commitments and
        komitmen dan kontinjensi dengan klasifikasi biaya                                         contigencies classified as amortised cost upon
        perolehan diamortisasi berdasarkan stage:                                                 stage are as follows: (continued)
        (lanjutan)
                                                                          31 Desember 2024/31 December 2024
                                                                                                            Syariah*)/
                                              Stage 1              Stage 2              Stage 3              Sharia*)                 Total

       Saldo awal                            221.874.938            10.504.162            1.635.761             3.203.812           237.218.673                Beginning balance
       Pengalihan ke/(dari):                                                                                                                                   Transfer to/(from):
         - Stage 1                                465.319             (437.006)             (28.313 )                      -                       -                 Stage 1 -
         - Stage 2                               (768.987)           1.548.182             (779.195)                       -                       -                 Stage 2 -
         - Stage 3                                (14.744)            (331.936)             346.680                        -                       -                 Stage 3 -
       Total saldo awal                                                                                                                                 Total beginning
         setelah pengalihan                  221.556.526            11.283.402           1.174.933              3.203.812           237.218.673 balance after transfer

       Pengukuran kembali bersih                                                                                                                 Remeasurement of net
         nilai tercatat**)                     (8.582.410)            (678.971)            (208.535)                       -          (9.469.916)  carrying amount**)
                                                                                                                                                 New commitments and
       Komitmen dan kontinjensi                                                                                                                          contigencies
         baru yang diterbitkan                                                                                                                           originated or
         atau dibeli                         177.916.870             4.343.013             200.750              1.485.965           183.946.598            purchased
       Komitmen dan kontinjensi                                                                                                                      Commitments and
         yang dihentikan                                                                                                                                 contigencies
         pengakuannya                        (140.446.994)          (3.886.432)            (980.261)           (2.284.465)         (147.598.152)       derecognised
       Total kenaikan/                                                                                                                                            Total increase/
         (penurunan)                                                                                                                                               (decrease)
         tahun berjalan                        28.887.466             (222.390)            (988.046)             (798.500)            26.878.530               during the year
                      ***)
       Saldo akhir                           250.443.992            11.061.012             186.887              2.405.312           264.097.203                Ending balance***)
        *)                                                                                        *)
                Tidak menerapkan PSAK 109.                                                                Not implement SFAS 109.
        **)                                                                                       **)
                Termasuk di dalam pengukuran kembali bersih adalah pembayaran                             Including in the net remeasurement is repayment.
                kembali.
        ***)                                                                                      ***)
                Termasuk fasilitas uncomitted kredit yang diberikan yang belum                            Including the unused uncommitted loan facilities for credit cards
                digunakan untuk kartu kredit sebesar Rp38.193.178.                                        amounted to Rp38,193,178.

  b.    Mutasi cadangan kerugian                        penurunan           nilai          b.     Movements of allowance for impairment losses on
        komitmen dan kontinjensi:                                                                 commitments and contingencies:
                                                              31 Desember 2025/           31 Desember 2024/
                                                              31 December 2025            31 December 2024
       Saldo awal                                                           1.114.013                    1.143.758                                       Beginning balance
       Pembalikan penyisihan selama                                                                                                                        Reversal during
         tahun berjalan                                                      (259.675)                     (33.828 )                                            the year
       Lain-lain*)                                                             41.453                        4.083                                                 Others*)

       Saldo akhir                                                           895.791                     1.114.013                                         Ending balance

        *)     Termasuk selisih kurs karena penjabaran mata uang asing.                           *)      Included effect of foreign currencies translation.




                                                                                270
Page 1285
                                                                                                                     The original consolidated financial statements
                                                                                                                   included herein are in the Indonesian language.

         PT BANK MANDIRI (PERSERO) Tbk                                                                   PT BANK MANDIRI (PERSERO) Tbk
             DAN ENTITAS ANAKNYA                                                                               AND ITS SUBSIDIARIES
       CATATAN ATAS LAPORAN KEUANGAN                                                                      NOTES TO THE CONSOLIDATED
                  KONSOLIDASIAN                                                                               FINANCIAL STATEMENTS
        Tanggal 31 Desember 2025 dan untuk                                                                 As of 31 December 2025 and for
       Tahun Berakhir pada Tanggal Tersebut                                                                   for the Year Then Ended
          (Disajikan dalam jutaan Rupiah,                                                                 (Expressed in millions of Rupiah,
              kecuali dinyatakan lain)                                                                        unless otherwise stated)

31. ESTIMASI KERUGIAN ATAS KOMITMEN DAN                                                 31. ESTIMATED LOSSES ON COMMITMENTS AND
    KONTINJENSI (lanjutan)                                                                  CONTINGENCIES (continued)

  b.    Mutasi cadangan kerugian penurunan                                nilai            b.      Movements of allowance for impairment losses on
        komitmen dan kontinjensi: (lanjutan)                                                       commitments and contingencies: (continued)

        Manajemen berpendapat bahwa cadangan                                                       Management believes that the allowance for
        kerugian penurunan nilai komitmen dan                                                      impairment     losses   on commitments and
        kontinjensi telah memadai.                                                                 contingencies is adequate.

                                                                    31 Desember 2025/31 December 2025
                                                                                                             Syariah*)/
                                            Stage 1             Stage 2                 Stage 3               Sharia*)                 Total

       Saldo awal                               412.234             672.870                  4.864                  24.045              1.114.013              Beginning balance
       Pengalihan ke/(dari):                                                                                                                                   Transfer to/(from):
          Kerugian kredit                                                                                                                                  12 months expected
            ekpektasian 12 bulan                 29.721             (29.106)                    (615)                       -                      -           credit losses
          Kerugian kredit
            ekspektasian sepanjang
            umurnya - tidak                                                                                                                                  Lifetime expected
            mengalami penurunan                                                                                                                                 credit losses
            nilai                                (2.292)                  2.549                 (257)                       -                      -             unimpaired
          Kerugian kredit
            ekspektasian sepanjang                                                                                                                           Lifetime expected
            umurnya - mengalami                                                                                                                                 credit losses
            penurunan nilai                        (287)                  (958)              1.245                          -                      -                impaired
       Total saldo awal                                                                                                                            Total beginning balance
          setelah pengalihan                    439.376             645.355                  5.237                  24.045              1.114.013           after transfer
       Pengukuran kembali bersih                                                                                                                    Remeasurement of net
          penyisihan kerugian                 (203.775)             (70.673)                 1.435                    1.776              (271.237)      carrying amount
       Aset keuangan baru yang                                                                                                                        New financial assets
          diterbitkan atau                                                                                                                                  originated or
          dibeli                                218.449             145.400                  4.971                          -             368.820              purchased
       Aset keuangan yang                                                                                                                                  Financial assets
          dihentikan pengakuannya              (97.039)            (255.273)                (4.946)                         -            (357.258)         derecognised
       Total (pembalikan)/                                                                                                                                        Total (reversal)/
          pembentukan                                                                                                                                                allowance
          tahun berjalan                       (82.365)            (180.546)                 1.460                    1.776              (259.675)              during the year
       Lain-lain**)                              40.313                  778                     -                      362                41.453                         Others**)
       Saldo akhir                              397.324             465.587                  6.697                  26.183                895.791                Ending balance


                                                                    31 Desember 2024/31 December 2024
                                                                                                             Syariah*)/
                                            Stage 1             Stage 2                 Stage 3               Sharia*)                 Total

       Saldo awal                               471.888             475.959                163.893                  32.018              1.143.758            Beginning balance
       Pengalihan ke/(dari):                                                                                                                                 Transfer to/(from):
          Kerugian kredit                                                                                                                                12 months expected
            ekpektasian 12 bulan                 11.016                  (8.123)            (2.893)                         -                          -     credit losses
          Kerugian kredit
            ekspektasian sepanjang
            umurnya - tidak                                                                                                                                  Lifetime expected
            mengalami penurunan                                                                                                                                 credit losses
            nilai                                 (2.543)                41.132            (38.589)                         -                          -         unimpaired
          Kerugian kredit
            ekspektasian sepanjang                                                                                                                           Lifetime expected
            umurnya - mengalami                                                                                                                                 credit losses
            penurunan nilai                         (638)                (1.755)             2.393                          -                          -            impaired
       Total saldo awal                                                                                                                             Total beginning balance
          setelah pengalihan                    479.723             507.213                124.804                  32.018              1.143.758            after transfer
       Pengukuran kembali bersih                                                                                                                     Remeasurement of net
          penyisihan kerugian                  (178.621)            118.488                  6.033                  (8.443)                (62.543)      carrying amount
       Aset keuangan baru yang                                                                                                                         New financial assets
          diterbitkan atau                                                                                                                                   originated or
          dibeli                                223.614             431.095                 17.719                          -              672.428              purchased
       Aset keuangan yang                                                                                                                                   Financial assets
          dihentikan pengakuannya              (114.437)           (385.584)              (143.692)                         -             (643.713)         derecognised
       Total (pembalikan)/                                                                                                                                        Total (reversal)/
          pembentukan                                                                                                                                                allowance
          tahun berjalan                        (69.444)            163.999               (119.940)                  (8.443)               (33.828)             during the year
       Lain-lain**)                               1.955               1.658                      -                      470                  4.083                        Others**)
       Saldo akhir                              412.234             672.870                  4.864                  24.045              1.114.013                Ending balance

        *)                                                                                         *)
              Tidak menerapkan PSAK 109.                                                                 Not implement SFAS 109.
        **)                                                                                        **)
              Termasuk selisih kurs karena penjabaran mata uang asing.                                   Included effect of foreign currencies translation.




                                                                                  271
Page 1286
                                                                                     The original consolidated financial statements
                                                                                   included herein are in the Indonesian language.

          PT BANK MANDIRI (PERSERO) Tbk                                      PT BANK MANDIRI (PERSERO) Tbk
              DAN ENTITAS ANAKNYA                                                  AND ITS SUBSIDIARIES
        CATATAN ATAS LAPORAN KEUANGAN                                         NOTES TO THE CONSOLIDATED
                   KONSOLIDASIAN                                                  FINANCIAL STATEMENTS
         Tanggal 31 Desember 2025 dan untuk                                    As of 31 December 2025 and for
        Tahun Berakhir pada Tanggal Tersebut                                      for the Year Then Ended
           (Disajikan dalam jutaan Rupiah,                                    (Expressed in millions of Rupiah,
               kecuali dinyatakan lain)                                           unless otherwise stated)

31. ESTIMASI KERUGIAN ATAS KOMITMEN DAN                          31. ESTIMATED LOSSES ON COMMITMENTS AND
    KONTINJENSI (lanjutan)                                           CONTINGENCIES (continued)

   c.     Informasi mengenai pengelompokan berdasarkan               c.   Information in respect of classification of
          kelompok “tidak mengalami penurunan nilai” dan                  “non-impaired” and “impaired” from sharia
          “mengalami penurunan nilai” untuk aset keuangan                 Subsidiary are disclosed in Note 62.A.
          dari Entitas Anak syariah diungkapkan pada
          Catatan 62.A.

   d.     Simpanan dari nasabah dan simpanan dari bank               d. Deposits from customers and deposits from other
          lain yang dijadikan jaminan tunai untuk bank                  banks pledged as collateral for bank guarantee and
          garansi dan letter of credit yang tidak dapat                 irrevocable letter of credit as of 31 December 2025
          dibatalkan pada tanggal 31 Desember 2025 dan                  and 2024 were amounted to Rp37,601,992 and
          2024      adalah    masing-masing     sebesar                 Rp9,415,024, respectively (Notes 21c and 24c).
          Rp37.601.992 dan Rp9.415.024 (Catatan 21c dan
          24c).

   e.     Berdasarkan kolektibilitas sesuai POJK:                    e.   By collectability based on FSA regulation:

          Kolektibilitas estimasi kerugian atas komitmen dan              Collectability of estimated losses on commitments
          kontinjensi sesuai POJK diungkapkan pada                        and contingencies in accordance with FSA
          Catatan 65.                                                     regulation are disclosed in Note 65.

32. BEBAN YANG MASIH HARUS DIBAYAR                               32. ACCRUED EXPENSES
                                              31 Desember 2025/     31 Desember 2024/
                                              31 December 2025      31 December 2024

  Beban bunga                                           2.810.252            2.406.669                           Interest expense
  Pengadaan aset tetap dan                                                                                Fixed assets, software,
    perangkat lunak, operasional,                                                                       operational, and ATM
    dan ATM                                             2.125.160            2.088.194                            procurement
                                                                                                    Third party labor service and
  Tenaga kerja dan jasa pihak ketiga                     185.381               187.183               outrsourcing exepenses
  Pemasaran                                              154.643               240.143                                 Promotions
  Jasa profesional                                       131.988                58.134                 Professional service costs
  Iuran regulator                                          1.980                94.186                               Regulator fee
  Pelatihan, pakaian dinas dan rekreasi                    1.143                32.855           Training, uniform and recreation
  Lain-lain                                              758.436               359.097                                     Others
  Total                                                 6.168.983            5.466.461                                      Total


  Termasuk dalam pengadaan aset tetap, perangkat                     Included in the fixed assets, software, operational, and
  lunak, operasional, dan ATM adalah utang kepada                    ATM procurement are payables to vendors related to
  pemasok atau vendor terkait kegiatan operasional dan               operational and maintenance activities for buildings,
  pemeliharaan gedung, peralatan, perangkat lunak,                   equipments, software, ATM machines, and Information
  mesin ATM, dan sistem Teknologi Informasi Grup. Lain-              Technology System of the Group. Others consists of
  lain terdiri dari beban yang masih harus dibayar terkait           accrued expenses related to fees to be paid in relation
  transaksi operasional kegiatan Grup, seperti biaya                 to Group’s operational activities, such as data
  komunikasi data dan biaya listrik, air dan gas.                    communication costs and costs of electricity, water and
                                                                     gas.




                                                           272
Page 1287
                                                                                     The original consolidated financial statements
                                                                                   included herein are in the Indonesian language.

          PT BANK MANDIRI (PERSERO) Tbk                                     PT BANK MANDIRI (PERSERO) Tbk
              DAN ENTITAS ANAKNYA                                                 AND ITS SUBSIDIARIES
        CATATAN ATAS LAPORAN KEUANGAN                                        NOTES TO THE CONSOLIDATED
                   KONSOLIDASIAN                                                 FINANCIAL STATEMENTS
         Tanggal 31 Desember 2025 dan untuk                                   As of 31 December 2025 and for
        Tahun Berakhir pada Tanggal Tersebut                                     for the Year Then Ended
           (Disajikan dalam jutaan Rupiah,                                   (Expressed in millions of Rupiah,
               kecuali dinyatakan lain)                                          unless otherwise stated)

33. PERPAJAKAN                                                   33. TAXATION
   a.    Pajak dibayar di muka                                      a.   Prepaid taxes
                                             31 Desember 2025/     31 Desember 2024/
                                             31 December 2025      31 December 2024
        Bank Mandiri                                   215.658                239.701                               Bank Mandiri
        Entitas Anak                                   635.967                499.314                                Subsidiaries
        Total                                          851.625                739.015                                       Total

   b.    Utang pajak                                                b.   Taxes payable
                                             31 Desember 2025/     31 Desember 2024/
                                             31 December 2025      31 December 2024
        Utang pajak kini                                                                        Current income taxes payable
          Bank Mandiri                                1.089.605               592.492                         Bank Mandiri
          Entitas Anak                                  402.267               238.355                          Subsidiaries
          Total                                       1.491.872               830.847                                   Total

        Utang pajak lainnya                                                                                Other taxes payable
        Bank Mandiri                                                                                              Bank Mandiri
        Pajak Penghasilan                                                                                            Income tax
          Pasal 25                                     270.487                185.789                               Article 25
          Pasal 21                                     217.665                253.042                               Article 21
          Pasal 4 (2)                                  409.248                413.559                             Article 4 (2)
        Lain-lain                                      210.745                235.994                                      Others
                                                      1.108.145              1.088.384
        Entitas Anak                                    727.685              1.159.411                              Subsidiaries
                                                      1.835.830              2.247.795

        Total                                         3.327.702              3.078.642                                     Total



   c.    Beban/(manfaat) pajak                                      c.   Tax expense/(benefit)
                                                      Tahun yang berakhir
                                                   pada tanggal 31 Desember/
                                                    Year ended 31 December
                                                    2025                  2024
        Beban pajak - kini:                                                                               Tax expense - current:
          Bank Mandiri                                9.045.956             9.742.944                            Bank Mandiri
          Entitas Anak                                3.038.504             3.604.090                             Subsidiaries
                                                    12.084.460             13.347.034

        Beban/(manfaat) pajak - tangguhan:                                                      Tax expense/(benefit) - deferred:
          Bank Mandiri                                2.879.299             2.147.315                          Bank Mandiri
          Entitas Anak                                  107.671              (255.984)                          Subsidiaries
                                                      2.986.970             1.891.331
        Total                                       15.071.430             15.238.365                                       Total


         Seperti yang dijelaskan pada Catatan 2ad, pajak                 As explained in Note 2ad, income tax for Bank
         penghasilan untuk Bank Mandiri dan Entitas Anak                 Mandiri and its Subsidiaries are calculated for each
         dihitung untuk setiap perusahaan sebagai suatu                  company as a separate legal entity.
         badan hukum yang terpisah.




                                                           273
Page 1288
                                                                                       The original consolidated financial statements
                                                                                     included herein are in the Indonesian language.

          PT BANK MANDIRI (PERSERO) Tbk                                       PT BANK MANDIRI (PERSERO) Tbk
              DAN ENTITAS ANAKNYA                                                   AND ITS SUBSIDIARIES
        CATATAN ATAS LAPORAN KEUANGAN                                          NOTES TO THE CONSOLIDATED
                   KONSOLIDASIAN                                                   FINANCIAL STATEMENTS
         Tanggal 31 Desember 2025 dan untuk                                     As of 31 December 2025 and for
        Tahun Berakhir pada Tanggal Tersebut                                       for the Year Then Ended
           (Disajikan dalam jutaan Rupiah,                                     (Expressed in millions of Rupiah,
               kecuali dinyatakan lain)                                            unless otherwise stated)

33. PERPAJAKAN                                                     33. TAXATION
   d.    Beban pajak - kini                                           d.   Tax expense - current

         Rekonsiliasi antara laba sebelum beban pajak                      The reconciliation between income before tax as
         pada laporan laba rugi dan penghasilan                            shown in consolidated statement of profit or loss
         komprehensif lain konsolidasian dan perhitungan                   and other comprehensive income and income tax
         pajak penghasilan dan beban pajak kini untuk                      calculation and current tax expense for Bank
         Bank Mandiri dan taksiran beban pajak kini Entitas                Mandiri and the estimated current tax expense for
         Anak adalah sebagai berikut:                                      Subsidiaries are as follows:
                                                       Tahun yang berakhir
                                                    pada tanggal 31 Desember/
                                                     Year ended 31 December

                                                      2025                  2024
        Laba konsolidasian sebelum beban                                                            Consolidated income before tax
          pajak dan kepentingan                                                                      expense and non-controlling
          nonpengendali                              76.417.563             76.403.486                                 interests
        Dikurangi:                                                                                                            Less:
          Laba sebelum beban pajak                                                                 Income before tax expense of
             Entitas Anak - setelah                                                                       Subsidiaries - after
             eliminasi                                 8.198.359             8.730.485                             elimination
        Dampak perubahan metode                                                                             Impact of changes in
           pencatatan investasi                                                                         investment recognition
           dari metode ekuitas ke                                                                        from equity method to
           metode biaya                                4.754.223             4.646.779                            cost method
        Laba sebelum beban pajak dan                                                                   Income before tax expense
          kepentingan non                                                                            and non-controlling interests
          pengendali - Bank Mandiri saja             63.464.981             63.026.222                       - Bank Mandiri only
        Ditambah/(dikurangi) perbedaan                                                                     Add/(deduct) permanent
           permanen:                                                                                                differences:
           Biaya yang tidak dapat
             dikurangkan menurut
             pajak/(pendapatan tidak                                                                   Non-deductible expenses/
             kena pajak)                                (700.480 )           (1.165.913 )                (non-taxable income)
           Lain-lain                                           -                720.000                                 Others
        Ditambah/(dikurangi) perbedaan                                                                      Add/(deduct) temporary
           temporer:                                                                                                 differences:
           Cadangan kerugian penurunan
             nilai dan penghapusan                                                               Allowance for impairment losses
             kredit yang diberikan                                                                       and write-offs of loans
             dan piutang/pembiayaan                                                                     and sharia receivables/
             syariah                                 (16.210.967 )           (6.896.207 )                                financing
        Cadangan kerugian penurunan                                                                     Allowance for impairment
             nilai aset keuangan selain                                                                       losses on financial
             kredit yang diberikan                                                                      assets other than loans
             dan piutang/pembiayaan                                                                     and sharia receivables/
             syariah                                     (25.008 )            (190.356 )                                 financing
           Penyisihan biaya uang                                                                   Provision for post-employment
             penghargaan pegawai dan                                                                            benefit expense,
             cadangan atas bonus dan                                                                    provisions for bonuses,
             insentif, cuti dan                                                                                leave and holiday
             THR pegawai                                657.249              (4.270.730 )                    (THR) entitlements
           Penyisihan atas estimasi                                                                       Allowance for estimated
             kerugian yang timbul                                                                            losses arising from
             dari kasus hukum                             (1.164 )              (22.128 )                              legal cases
           Estimasi kerugian atas komitmen                                                      Provision for estimated losses on
             dan kontinjensi                            (220.362 )             (21.767 )           commitments contingencies
           Penyusutan aset tetap                        (314.762 )             125.345                Depreciation of fixed assets
           Kerugian/(keuntungan) yang                                                                   Unrealised losses/(gains)
             belum direalisasi dari                                                                     on decrease/(increase)
             penurunan/(kenaikan)                                                                                  in fair value of
             nilai wajar efek-efek dan                                                                     marketable securities
             obligasi pemerintah - diukur                                                               and government bonds
             pada nilai wajar melalui                                                                        - fair value through
             laporan laba rugi                          (262.822 )              (25.704 )                            profit or loss
           Penyisihan kerugian properti                                                          Allowance for possible losses of
             terbengkalai                                      -                   (109 )                 abandoned properties
           Penyisihan kerugian aset lain-lain          1.223.629                      -     Provision for losses on other assets
        Taksiran laba menurut pajak                  47.610.294             51.278.653                   Estimated taxable income
        Taksiran beban pajak - kini                                                                Estimated tax expense - current
          Bank Mandiri                                 9.045.956             9.742.944                           Bank Mandiri
          Entitas Anak                                 3.038.504             3.604.090                            Subsidiaries
        Total                                        12.084.460             13.347.034                                         Total


                                                             274
Page 1289
                                                                                      The original consolidated financial statements
                                                                                    included herein are in the Indonesian language.

          PT BANK MANDIRI (PERSERO) Tbk                                      PT BANK MANDIRI (PERSERO) Tbk
              DAN ENTITAS ANAKNYA                                                  AND ITS SUBSIDIARIES
        CATATAN ATAS LAPORAN KEUANGAN                                         NOTES TO THE CONSOLIDATED
                   KONSOLIDASIAN                                                  FINANCIAL STATEMENTS
         Tanggal 31 Desember 2025 dan untuk                                    As of 31 December 2025 and for
        Tahun Berakhir pada Tanggal Tersebut                                      for the Year Then Ended
           (Disajikan dalam jutaan Rupiah,                                    (Expressed in millions of Rupiah,
               kecuali dinyatakan lain)                                           unless otherwise stated)

33. PERPAJAKAN (lanjutan)                                         33. TAXATION (continued)
   d.    Beban pajak - kini (lanjutan)                               d.   Tax expense - current (continued)
         Pajak atas laba Bank Mandiri dan Entitas Anak                    Tax on Bank Mandiri and Subsidiaries (Group)’s
         (Grup) sebelum pajak berbeda dari nilai teoritis                 profit before tax differs from the theoretical amount
         yang mungkin muncul apabila menggunakan rata-                    that would arise using the weighted average tax rate
         rata tertimbang tarif pajak terhadap laba pada                   applicable to profits on the consolidated entities are
         Grup dalam jumlah sebagai berikut: (lanjutan)                    follows: (continued)
                                                       Tahun yang berakhir
                                                    pada tanggal 31 Desember/
                                                     Year ended 31 December

                                                     2025                  2024
        Laba konsolidasian sebelum                                                                   Consolidated income before
          beban pajak dan kepentingan                                                                         tax expense and
          nonpengendali                             76.417.563              76.403.486                  non-controlling interest

        Pajak dihitung dengan tarif                                                                  Tax calculated at applicable
          pajak berlaku                             13.861.986              13.895.689                                 tax rates
        Dampak pajak penghasilan pada:                                                                     Income tax effect of:
          Bank Mandiri                                                                                            Bank Mandiri
        Penghasilan tidak kena pajak                                                                        Income not subject to
          dan pajak final                              (441.147)              (454.027 )                        tax and final tax
        Beban yang tidak dapat
          dikurangkan untuk tujuan                                                                   Expenses not deductible for
          perpajakan                                    308.056                232.504                          tax purposes
        Lain-lain                                             -                136.800                                  Others
                                                       (133.091)               (84.723)
        Entitas Anak                                  1.342.535              1.427.399                               Subsidiaries
        Total dampak pajak penghasilan                1.209.444              1.342.677                            Total tax effect
        Beban pajak penghasilan                      15.071.430             15.238.365                      Income tax expense

         Berdasarkan peraturan perpajakan di Indonesia,                   According to the taxation laws of Indonesia, Bank
         Bank Mandiri dan Entitas Anak menyampaikan                       Mandiri and Subsidiaries submit the Annual
         Surat Pemberitahuan Pajak Tahunan ke kantor                      Corporate Income Tax Returns to the tax office on
         pajak atas dasar self-assessment. Kantor pajak                   the basis of self assessment. The Directorate
         berhak memeriksa atau mengoreksi pajak dalam                     General of Tax may assess or amend taxes within
         jangka waktu 5 (lima) tahun setelah tanggal pajak                5 (five) years from the tax due date.
         terutang.
         Undang-Undang Republik Indonesia Nomor                           Law of the Republic of Indonesia Number
         7 Tahun 2021 tanggal 29 Oktober 2021 tentang                     7 Year 2021 dated 29 October 2021 regarding
         Harmonisasi Peraturan Perpajakan (“Undang-                       Harmonization of Tax Regulations (“Law Number 7
         Undang Nomor 7 Tahun 2021”) mengatur bahwa                       Year 2021”) stipulates that the income tax rate for
         tarif pajak penghasilan Wajib Pajak badan dalam                  domestic corporate taxpayers and permanent
         negeri dan bentuk usaha tetap adalah sebesar                     establishments is 22% (twenty two percent) with
         22% (dua puluh dua persen) yang mulai berlaku                    effect from the 2022 fiscal year onwards.
         pada tahun pajak 2022 dan seterusnya.
         Berdasarkan Undang-Undang Republik Indonesia                     Based on Law of the Republic of Indonesia Number
         Nomor 7 Tahun 1983 tentang Pajak Penghasilan                     7 Year 1983 regarding Income Tax as amended
         sebagaimana telah beberapa kali diubah terakhir                  several times, most recently by Law Number 6 Year
         dengan Undang-Undang Nomor 6 Tahun 2023                          2023 and Government Regulation of the Republic of
         dan Peraturan Pemerintah Republik Indonesia                      Indonesia Number 55 Year 2022 dated
         Nomor 55 Tahun 2022 tanggal 20 Desember 2022                     20 December 2022 regarding Amandment of
         tentang Penyesuaian Pengaturan di Bidang Pajak                   Regulations related to Income Tax Sector, domestic
         Penghasilan, Wajib Pajak dalam negeri yang                       taxpayers in the form of public listed companies with
         berbentuk Perseroan Terbuka dengan jumlah                        the total number of paid-up shares traded on the
         keseluruhan saham yang disetor diperdagangkan                    stock exchange in Indonesia at least 40% (forty
         pada bursa efek di Indonesia paling sedikit 40%                  percent) and fulfilling certain requirements, may
         (empat puluh persen) dan memenuhi persyaratan                    obtain a rate of 3% (three percent) lower than the
         tertentu, dapat memperoleh tarif sebesar 3% (tiga                highest existing income tax rate.
         persen) lebih rendah dari tarif tertinggi pajak
         penghasilan yang ada.
                                                            275
Page 1290
                                                                                   The original consolidated financial statements
                                                                                 included herein are in the Indonesian language.

          PT BANK MANDIRI (PERSERO) Tbk                                   PT BANK MANDIRI (PERSERO) Tbk
              DAN ENTITAS ANAKNYA                                               AND ITS SUBSIDIARIES
        CATATAN ATAS LAPORAN KEUANGAN                                      NOTES TO THE CONSOLIDATED
                   KONSOLIDASIAN                                               FINANCIAL STATEMENTS
         Tanggal 31 Desember 2025 dan untuk                                 As of 31 December 2025 and for
        Tahun Berakhir pada Tanggal Tersebut                                   for the Year Then Ended
           (Disajikan dalam jutaan Rupiah,                                 (Expressed in millions of Rupiah,
               kecuali dinyatakan lain)                                        unless otherwise stated)

33. PERPAJAKAN (lanjutan)                                      33. TAXATION (continued)

   d.    Beban pajak - kini (lanjutan)                            d.   Tax expense - current (continued)

         Berdasarkan Peraturan Menteri Keuangan                        Based on the Regulation of the Minister of Finance
         Republik Indonesia Nomor 40 Tahun 2023 tanggal                of the Republic of Indonesia Number 40 Year 2023
         11 April 2023 tentang Bentuk dan Tata Cara                    dated 11 April 2023 concerning Forms and
         Penyampaian Laporan Serta Daftar Wajib Pajak                  Procedures for Submitting Reports and Lists of
         Dalam      Rangka     Pemenuhan      Persyaratan              Taxpayers regarding to Fulfilment of Requirements
         Penurunan Tarif Pajak Penghasilan Bagi Wajib                  for Reduction of Income Tax Rates for Domestic
         Pajak Dalam Negeri Yang Berbentuk Perseroan                   Taxpayers in the Form of Public Companies,
         Terbuka, Wajib Pajak harus menyampaikan                       taxpayers must submit monthly reports on share
         laporan bulanan kepemilikan saham atas emiten                 ownership of issuers or public companies and
         atau perusahaan publik dan rekapitulasi yang                  recapitulations that have been reported from the
         telah dilaporkan dari Biro Administrasi Efek dan              Securities Administration Bureau and reports of
         laporan kepemilikan saham yang memiliki                       share ownership that have special relations as part
         hubungan istimewa sebagai bagian dari SPT                     of the Annual Income Tax Return for each Fiscal
         Tahunan PPh untuk setiap Tahun Pajak.                         Year.

         Berdasarkan          Surat         Keterangan                 Based on Statement Letter No. DE/I/2026-0213
         No. DE/I/2026-0213 tanggal 6 Januari 2026                     dated 6 January 2026 regarding Monthly Report of
         perihal Laporan Bulanan Kepemilikan Saham                     Share Ownership of Issuers or Public Companies
         Emiten atau Perusahaan Publik dan Rekapitulasi                and Reported Recapitulation (Form of POJK
         yang Telah Dilaporkan (Formulir Lampiran POJK                 Appendix      No.     10/POJK.04/2020)        from
         No. 10/POJK.04/2020) dari PT Datindo Entrycom                 PT Datindo Entrycom (Administrative Bureau
         (Biro Administrasi Efek atau BAE), yang                       Securities or BAE), which was submitted to Bank
         disampaikan kepada Bank Mandiri, dimana BAE                   Mandiri, where the BAE stated that Bank Mandiri
         menyatakan Bank Mandiri telah memenuhi                        had complied with the provisions of Article 65 of
         ketentuan Pasal 65 Peraturan Pemerintah                       Government Regulation of the Republic of
         Republik Indonesia Nomor 55 Tahun 2022 tanggal                Indonesia No. 55 Year 2022 dated 20 December
         20 Desember 2022 tentang Penyesuaian                          2022 regarding Amendment of Regulations related
         Pengaturan di Bidang Pajak Penghasilan.                       to Income Tax Sector. Regulation of the Minister of
         Peraturan Menteri Keuangan Republik Indonesia                 Finance of the Republic of Indonesia Number 40
         Nomor 40 Tahun 2023.                                          Year 2023.

         Bank berkeyakinan bahwa Bank akan memenuhi                    The Bank believes that the Bank will fulfil
         persyaratan    untuk    memperoleh      fasilitas             the requirements to obtain the income tax
         penurunan tarif pajak penghasilan untuk tahun                 rate reduction facility for the year ended
         yang berakhir pada tanggal 31 Desember 2025                   31 December 2025 and 2024 in accordance with
         dan 2024 sesuai ketentuan perpajakan tersebut di              the tax provisions mentioned above, so that Bank
         atas, sehingga untuk pajak penghasilan badan                  Mandiri's corporate income tax for the year ended
         Bank Mandiri untuk tahun yang berakhir pada                   31 December 2025 is calculated using the tax rate
         tanggal 31 Desember 2025 dihitung dengan                      19%.
         menggunakan tarif pajak 19%.

         Pemerintah Indonesia, melalui Kementerian                     The Indonesian government, through the Ministry of
         Keuangan, menerbitkan Peraturan Menteri                       Finance, issued the Regulation of the Minister of
         Keuangan Republik Indonesia Nomor 136 Tahun                   Finance of the Republic of Indonesia Number 136
         2024 (PMK-136/2024) tentang Pengenaan Pajak                   of 2024 (PMK-136/2024) regarding the Imposition of
         Minimum Global Berdasarkan Kesepakatan                        Global Minimum Tax Based on International
         Internasional sebagai dasar hukum implementasi                Agreements as the legal basis for the
         OECD Pilar Dua di Indonesia.                                  implementation of the OECD Pillar Two in
                                                                       Indonesia.

         Grup berada dalam lingkup aturan model OECD                   The Group is within the scope of the OECD Pillar
         Pilar Dua dan menerapkan pengecualian dalam                   Two model rules and applied the exception to
         mengakui serta mengungkapkan informasi                        recognizing and disclosing information about
         mengenai aset dan liabilitas pajak tangguhan                  deferred tax assets and liabilities relating to Pillar
         yang terkait dengan pajak penghasilan Pilar Dua               Two income taxes from 1 January 2025.
         mulai tanggal 1 Januari 2025.



                                                         276
Page 1291
                                                                                                            The original consolidated financial statements
                                                                                                          included herein are in the Indonesian language.

          PT BANK MANDIRI (PERSERO) Tbk                                                            PT BANK MANDIRI (PERSERO) Tbk
              DAN ENTITAS ANAKNYA                                                                        AND ITS SUBSIDIARIES
        CATATAN ATAS LAPORAN KEUANGAN                                                               NOTES TO THE CONSOLIDATED
                   KONSOLIDASIAN                                                                        FINANCIAL STATEMENTS
         Tanggal 31 Desember 2025 dan untuk                                                          As of 31 December 2025 and for
        Tahun Berakhir pada Tanggal Tersebut                                                            for the Year Then Ended
           (Disajikan dalam jutaan Rupiah,                                                          (Expressed in millions of Rupiah,
               kecuali dinyatakan lain)                                                                 unless otherwise stated)

33. PERPAJAKAN (lanjutan)                                                        33. TAXATION (continued)

   d.     Beban pajak - kini (lanjutan)                                               d.       Tax expense - current (continued)

         Peraturan Pilar Dua telah disahkan atau secara                                        Pillar Two legislation has been enacted or
         substansial disahkan di beberapa yurisdiksi                                           substantially enacted in certain jurisdictions in which
         tempat Grup beroperasi. Peraturan tersebut mulai                                      the Group operates. The legislation has become
         berlaku untuk tahun fiskal Grup yang berakhir                                         effective for the Group’s financial year ended after
         setelah tanggal 31 Desember 2024. Grup                                                31 December 2024. The Group is in scope of the
         termasuk dalam lingkup peraturan yang telah                                           enacted or substantially enacted legislation and has
         disahkan atau secara substansial disahkan dan                                         performed an assessment of the Group’s potential
         telah melakukan penilaian atas potensi eksposur                                       exposure to Pillar Two income taxes.
         Grup terhadap pajak penghasilan Pilar Dua.

         Berdasarkan penilaian Safe Harbour yang                                               Based on Safe Harbour assessment performed by
         dilakukan Grup pada seluruh yurisdiksi tempat                                         the Group across all jurisdictions in which it
         Grup beroperasi, hasilnya terdapat 4 (empat) dari                                     operates, the results show that 4 (four) out of 9
         9 (sembilan) yurisdiksi yang lolos kriteria,                                          (nine) jurisdictions met the Safe Harbour criteria, so
         sehingga dampak pajak tambahan Pilar Dua akan                                         the Pillar Two top-up tax impact is considered nil for
         dianggap nol untuk 4 (empat) yurisdiksi tersebut.                                     these 4 (four) jurisdictions. Meanwhile, in the 5 (five)
         Sedangkan pada 5 (lima) yurisdiksi tempat Grup                                        jurisdictions where the Group operates that have
         beroperasi yang belum memenuhi penilaian Safe                                         not met the Safe Harbour assessment, following the
         Harbour,     setelah      dilakukan  perhitungan                                      GloBE model rules full calculation, the effective tax
         menyeluruh berdasarkan aturan model GloBE,                                            rate in these jurisdictions is estimated to be above
         tarif pajak efektif diestimasikan berada di atas                                      15%. Therefore, the Group is not expected to have
         15%. Dengan demikian, Grup diestimasikan tidak                                        Pillar Two income taxes exposure.
         memiliki tambahan beban pajak penghasilan Pilar
         Dua.

          Perhitungan Pajak Penghasilan badan untuk                                            The calculation of Corporate Income Tax for the
          tahun yang berakhir pada tanggal 31 Desember                                         years ended 31 December 2024 are in accordance
          2024 adalah sesuai dengan SPT Tahunan Bank.                                          with the Bank’s Annual Tax Return.

   e.     Aset pajak tangguhan - neto                                                 e.       Deferred tax assets - net

          Pajak tangguhan yang timbul dari perbedaan                                           Deferred tax arises from temporary differences
          temporer antara nilai buku menurut komersial dan                                     between book value based on commercial and tax
          menurut pajak adalah sebagai berikut:                                                purposes are as follows:

                                                                   31 Desember 2025/31 December 2025
                                                           Dikreditkan/                               Pengalihan
                                                          (dibebankan)                               pengendalian
                                              Saldo        ke laba rugi/         Dibebankan           atas entitas          Saldo
                                              awal/         Credited/            ke ekuitas/             anak/              akhir/
                                            Beginning     (charged) to           Charged to         Control transfer       Ending
                                             balance      profit or loss           equity           of a subsidiary        balance

        Bank Mandiri                                                                                                                                      Bank Mandiri
        Aset pajak tangguhan:                                                                                                                       Deferred tax assets:
                                                                                                                                                           Allowance for
        Cadangan kerugian penurunan nilai                                                                                                           impairment losses
         kredit yang diberikan                                                                                                                    for loans and sharia
         dan piutang/pembiayaan syariah       3.706.838      (3.080.084)                       -                   -         626.754            receivables/financing
        Penyisihan biaya uang penghargaan                                                                                             Provisions for post-employment
         pegawai dan cadangan                                                                                                             benefit expense, provision
         atas bonus dan insentif,                                                                                                             for bonuses, leave and
         cuti dan THR pegawai                   772.112         124.877                53.889                      -         950.878      holiday (THR) entitlements
        Cadangan kerugian penurunan nilai                                                                                            Allowance for impairment losses
         aset keuangan selain                                                                                                                       on financial assets
         kredit yang diberikan                                                                                                           other than loans and sharia
         dan piutang/pembiayaan syariah         627.406          (4.751)                       -                       -     622.655               receivables/financing




                                                                           277
Page 1292
                                                                                                                The original consolidated financial statements
                                                                                                              included herein are in the Indonesian language.

          PT BANK MANDIRI (PERSERO) Tbk                                                                PT BANK MANDIRI (PERSERO) Tbk
              DAN ENTITAS ANAKNYA                                                                            AND ITS SUBSIDIARIES
        CATATAN ATAS LAPORAN KEUANGAN                                                                   NOTES TO THE CONSOLIDATED
                   KONSOLIDASIAN                                                                            FINANCIAL STATEMENTS
         Tanggal 31 Desember 2025 dan untuk                                                              As of 31 December 2025 and for
        Tahun Berakhir pada Tanggal Tersebut                                                                for the Year Then Ended
           (Disajikan dalam jutaan Rupiah,                                                              (Expressed in millions of Rupiah,
               kecuali dinyatakan lain)                                                                     unless otherwise stated)

33. PERPAJAKAN (lanjutan)                                                            33. TAXATION (continued)

   e.     Aset pajak tangguhan - neto (lanjutan)                                          e.       Deferred tax assets - net (continued)

          Pajak tangguhan yang timbul dari perbedaan                                               Deferred tax arises from temporary differences
          temporer antara nilai buku menurut komersial dan                                         between book value based on commercial and tax
          menurut pajak adalah sebagai berikut: (lanjutan)                                         purposes are as follows: (continued)

                                                                31 Desember 2025/31 December 2025
                                                           Dikreditkan/                                    Pengalihan
                                                          (dibebankan)                                   pengendalian
                                               Saldo       ke laba rugi/             Dibebankan           atas entitas         Saldo
                                               awal/        Credited/                ke ekuitas/         anak/Control          akhir/
                                             Beginning    (charged) to               Charged to           transfer of a       Ending
                                              balance     profit or loss               equity              subsidiary         balance
        Kerugian/(keuntungan) yang                                                                                                             Unrealised loss/(gain) from
         belum direalisasi dari                                                                                                               decrease/(increase) in fair
         penurunan/(kenaikan) nilai wajar                                                                                                 value of marketable securities
         efek-efek dan obligasi                                                                                                                  and government bonds
         pemerintah - diukur pada                                                                                                               - measured at fair value
         nilai wajar melalui pendapatan                                                                                                                    through other
         komprehensif lain                      925.025                    -             (636.038)                        -     288.987          comprehensive income
        Penyisihan atas estimasi kerugian                                                                                                 Allowance for estimated losses
         yang timbul dari kasus hukum            12.837            (221)                           -                      -      12.616         arising from legal cases
        Penyisihan kerugian                                                                                                                 Allowance for possible losses
         properti terbengkalai                  13.173                     -                       -                      -      13.173        on abandoned properties
        Penyisihan kerugian                                                                                                                 Allowance for possible losses
         agunan yang diambil alih               53.396                     -                       -                      -      53.396           on repossessed asset
        Penyisihan kerugian aset                                                                                                                   Provision for losses on
          lain-lain                                  -          232.490                            -                      -    232.490                     other assets


        Aset pajak tangguhan                 6.110.787       (2.727.689)                 (582.149)                        -   2.800.949              Deferred tax assets

        Liabilitas pajak tangguhan:                                                                                                                Deferred tax liabilities:
        Kerugian/(keuntungan) yang                                                                                                             Unrealised loss/(gain) from
          belum direalisasi dari                                                                                                              decrease/(increase) in fair
          penurunan/(kenaikan) nilai wajar                                                                                                value of marketable securities
          efek-efek dan obligasi                                                                                                               and government bonds -
          pemerintah - diukur pada                                                                                                               measured at fair value
          nilai wajar melalui laba rugi       (40.550)           (49.936)                          -                      -    (90.486)             through profit & loss
        Nilai buku aset tetap                 (84.273)           (59.805)                          -                      -   (144.078)    Net book value of fixed assets
        Estimasi kerugian atas                                                                                                                        Estimated losses on
          komitmen dan                                                                                                                                 commitments and
          kontinjensi                        (145.087)           (41.869)                          -                      -   (186.956)                    contingencies

        Aset pajak tangguhan neto -                                                                                                                 Deferred tax assets -
         Bank Mandiri saja                   5.840.877        (2.879.299)                 (582.149)                       -   2.379.429              Bank Mandiri only

        Aset pajak tangguhan -                                                                                                                        Deferred tax assets
         Entitas Anak                        2.512.577          (107.671)                 (130.065)                       -   2.274.841                   - Subsidiaries

        Total aset pajak tangguhan                                                                                                                   Total consolidated
         konsolidasian - neto                8.353.454        (2.986.970)                 (712.214)                       -   4.654.270       deferred tax assets - net

        Liabilitas pajak tangguhan                                                                                                                 Defered tax liabilities
          Entitas Anak                         (9.278)                         -           (18.718)                       -    (27.996)                   Subsidiaries



                                                                   31 Desember 2024/31 December 2024
                                                           Dikreditkan/                                    Pengalihan
                                                          (dibebankan)                                   pengendalian
                                               Saldo       ke laba rugi/             Dibebankan           atas entitas         Saldo
                                               awal/        Credited/                ke ekuitas/         anak/Control          akhir/
                                             Beginning    (charged) to               Charged to           transfer of a       Ending
                                              balance     profit or loss               equity              subsidiary         balance

        Bank Mandiri                                                                                                                                         Bank Mandiri
        Aset pajak tangguhan:                                                                                                                          Deferred tax assets:
                                                                                                                                                             Allowance for
        Cadangan kerugian penurunan nilai                                                                                                              impairment losses
         kredit yang diberikan                                                                                                                       for loans and sharia
         dan piutang/pembiayaan syariah      5.017.117     (1.310.279)                         -                      -       3.706.838            receivables/financing
        Penyisihan biaya uang penghargaan                                                                                                 Provisions for post-employment
         pegawai dan cadangan                                                                                                                benefit expense, provision
         atas bonus dan insentif,                                                                                                                for bonuses, leave and
         cuti dan THR pegawai                1.583.956       (811.439)                     (405)                      -        772.112       holiday (THR) entitlements




                                                                               278
Page 1293
                                                                                                            The original consolidated financial statements
                                                                                                          included herein are in the Indonesian language.

          PT BANK MANDIRI (PERSERO) Tbk                                                           PT BANK MANDIRI (PERSERO) Tbk
              DAN ENTITAS ANAKNYA                                                                       AND ITS SUBSIDIARIES
        CATATAN ATAS LAPORAN KEUANGAN                                                              NOTES TO THE CONSOLIDATED
                   KONSOLIDASIAN                                                                       FINANCIAL STATEMENTS
         Tanggal 31 Desember 2025 dan untuk                                                         As of 31 December 2025 and for
        Tahun Berakhir pada Tanggal Tersebut                                                           for the Year Then Ended
           (Disajikan dalam jutaan Rupiah,                                                         (Expressed in millions of Rupiah,
               kecuali dinyatakan lain)                                                                unless otherwise stated)

33. PERPAJAKAN (lanjutan)                                                        33. TAXATION (continued)

   e.     Aset pajak tangguhan - neto (lanjutan)                                      e.       Deferred tax assets - net (continued)

                                                                   31 Desember 2024/31 December 2024
                                                           Dikreditkan/                               Pengalihan
                                                          (dibebankan)                               pengendalian
                                               Saldo       ke laba rugi/         Dibebankan           atas entitas      Saldo
                                               awal/        Credited/            ke ekuitas/             anak/          akhir/
                                             Beginning    (charged) to           Charged to         Control transfer   Ending
                                              balance     profit or loss           equity           of a subsidiary    balance
        Cadangan kerugian penurunan nilai                                                                                          Allowance for impairment losses
         aset keuangan selain                                                                                                                   on financial assets
         kredit yang diberikan                                                                                                         other than loans and sharia
         dan piutang/pembiayaan syariah        663.574         (36.168)                    -                     -      627.406              receivables/financing
        Kerugian/(keuntungan) yang                                                                                                       Unrealised loss/(gain) from
         belum direalisasi dari                                                                                                         decrease/(increase) in fair
         penurunan/(kenaikan) nilai wajar                                                                                           value of marketable securities
         efek-efek dan obligasi                                                                                                            and government bonds
         pemerintah - diukur pada                                                                                                         - measured at fair value
         nilai wajar melalui pendapatan                                                                                                               through other
         komprehensif lain                     811.128                -              113.897                     -      925.025            comprehensive income
        Penyisihan atas estimasi kerugian                                                                                           Allowance for estimated losses
         yang timbul dari kasus hukum           17.041          (4.204)                    -                     -       12.837           arising from legal cases
        Penyisihan kerugian                                                                                                           Allowance for possible losses
         properti terbengkalai                  13.194             (21)                    -                     -       13.173          on abandoned properties
        Penyisihan kerugian                                                                                                           Allowance for possible losses
         agunan yang diambil alih               53.396                -                    -                     -       53.396             on repossessed asset


        Aset pajak tangguhan                  8.159.406    (2.162.111)               113.492                     -     6.110.787              Deferred tax assets

        Liabilitas pajak tangguhan:                                                                                                         Deferred tax liabilities:
        Kerugian/(keuntungan) yang                                                                                                      Unrealised loss/(gain) from
          belum direalisasi dari                                                                                                       decrease/(increase) in fair
          penurunan/(kenaikan) nilai wajar                                                                                         value of marketable securities
          efek-efek dan obligasi                                                                                                        and government bonds -
          pemerintah - diukur pada                                                                                                        measured at fair value
          nilai wajar melalui laba rugi        (35.666)         (4.884)                    -                     -      (40.550)             through profit & loss
        Nilai buku aset tetap                 (108.089)         23.816                     -                     -      (84.273)    Net book value of fixed assets
        Estimasi kerugian atas                                                                                                                 Estimated losses on
          komitmen dan                                                                                                                          commitments and
          kontinjensi                         (140.951)         (4.136)                    -                     -     (145.087)                    contingencies
        Aset pajak tangguhan neto -                                                                                                          Deferred tax assets -
         Bank Mandiri saja                    7.874.700    (2.147.315)               113.492                     -     5.840.877              Bank Mandiri only

        Aset pajak tangguhan -                                                                                                                  Deferred tax assets
         Entitas Anak                         2.304.544        255.983               (1.003)              (46.947)     2.512.577                    - Subsidiaries


        Total aset pajak tangguhan                                                                                                            Total consolidated
         konsolidasian - neto                10.179.244    (1.891.332)               112.489              (46.947)     8.353.454       deferred tax assets - net
        Liabilitas pajak tangguhan                                                                                                          Defered tax liabilities
          Entitas Anak                                -               -              (9.278)                     -       (9.278)                  Subsidiaries



          Aset    pajak    tangguhan   dihitung  dengan                                        Deferred tax assets are calculated using applicable
          menggunakan tarif pajak yang berlaku atau                                            tax rate or substantially enacted tax rate at
          secara substansial telah berlaku pada tanggal                                        consolidated statement of financial position dates.
          laporan posisi keuangan konsolidasian.

          Manajemen    berpendapat     bahwa     terdapat                                      Management believes that it is possible that future
          kemungkinan besar jumlah laba fiskal pada masa                                       taxable income will be available to be utilised against
          mendatang      akan       memadai         untuk                                      the temporary difference, which resulted in deferred
          mengkompensasi perbedaan temporer yang                                               tax assets.
          menimbulkan aset pajak tangguhan tersebut.




                                                                           279
Page 1294
                                                                                   The original consolidated financial statements
                                                                                 included herein are in the Indonesian language.

          PT BANK MANDIRI (PERSERO) Tbk                                   PT BANK MANDIRI (PERSERO) Tbk
              DAN ENTITAS ANAKNYA                                               AND ITS SUBSIDIARIES
        CATATAN ATAS LAPORAN KEUANGAN                                      NOTES TO THE CONSOLIDATED
                   KONSOLIDASIAN                                               FINANCIAL STATEMENTS
         Tanggal 31 Desember 2025 dan untuk                                 As of 31 December 2025 and for
        Tahun Berakhir pada Tanggal Tersebut                                   for the Year Then Ended
           (Disajikan dalam jutaan Rupiah,                                 (Expressed in millions of Rupiah,
               kecuali dinyatakan lain)                                        unless otherwise stated)

33. PERPAJAKAN (lanjutan)                                      33. TAXATION (continued)

   e.    Aset pajak tangguhan - neto (lanjutan)                   e.   Deferred tax assets - net (continued)

         Berdasarkan Peraturan Menteri Keuangan                        Based on the Regulation of the Minister of Finance of
         Republik Indonesia Nomor 74 Tahun 2024 ("PMK-                 the Republic of Indonesia Number 74 Year 2024
         74") tentang Pembentukan Cadangan Piutang Tak                 ("PMK-74") concerning the Establishment of
         Tertagih    yang    Boleh    Dikurangkan    dari              Reserves for Uncollectible Receivables that Can Be
         Penghasilan Bruto, terdapat perubahan pada                    Deductible from Gross Income, there are changes to
         ketentuan perhitungan penyisihan piutang tak                  the provisions for calculating the allowance for
         tertagih yang boleh dikurangkan dari penghasilan              uncollectible receivables that can be deducted from
         bruto. Selish lebih antara saldo awal cadangan                gross income. The excess difference between the
         piutang tak tertagih tahun 2024 yang dihitung                 initial balance of the 2024 uncollectible receivables
         menggunakan PMK-74 dan saldo akhir cadangan                   reserve calculated using PMK-74 and the final
         piutang tak tertagih tahun 2023 yang dihitung                 balance of the 2023 uncollectible receivables reserve
         menggunakan peraturan sebelumnya akan diakui                  calculated using the previous regulation will be
         oleh Bank sebagai beban yang dapat dikurangkan                recognised by the Bank as a deductible expense in
         pada tahun fiskal 2024 dan 2025. Terkait dengan               the 2024 and 2025 fiscal years. Related to this, the
         hal tersebut, aset pajak tangguhan yang                       deferred tax assets utilized by the Bank in fiscal year
         dimanfaatkan Bank pada tahun fiskal 2025 adalah               2025 are Rp3,069,947.
         sebesar Rp3.069.947.

   f.    Surat ketetapan pajak                                    f.   Tax assessment letter

         Tahun pajak 2016                                              Fiscal year 2016

         Berdasarkan hasil pemeriksaan pajak oleh Kantor               Based on the result of the tax audit from Tax Office
         Pajak, pada tanggal 17 November 2020, Bank                    on 17 November 2020, the Bank has received an
         telah menerima Surat Ketetapan Pajak Kurang                   Underpayment Tax Assessment (SKPKB) on
         Bayar (SKPKB) atas PPh Badan untuk tahun fiskal               Corporate Income tax for the 2016 fiscal year
         2016 sebesar Rp1.293.817 (termasuk denda)                     amounted to Rp1,293,817 (including penalties),
         dimana yang disetujui oleh Bank hanya sebesar                 which was accepted by the Bank for only Rp175,592
         Rp175.592 dan dicatat sebagai beban pajak kini -              and recorded as current tax expense - prior year in
         tahun sebelumnya di laporan laba rugi konsolidasi             the 2020 consolidated statement of profit or loss. On
         tahun 2020. Pada tanggal 27 November 2020,                    27 November 2020, Bank has paid all SKPKB
         Bank telah melakukan pembayaran atas seluruh                  Corporate Income Tax and has submitted an
         SKPKB PPh Badan sebesar Rp1.118.225 ke                        objection letter for the SKPKB amounted to
         Kantor Pajak.                                                 Rp1,118,225 to the Tax Office.
         Pada tanggal 17 November 2020, Bank juga                      On 17 November 2020, the Bank also received
         menerima SKPKB atas PPh Pasal 21 sebesar                      SKPKB on Income Tax Article 21 amounted to
         Rp31.492 dan Pajak Pertambahan Nilai (PPN)                    Rp31,492 and Value Added Tax (VAT) also the tax
         berikut Surat Tagihan Pajak (STP) sebesar                     collection letter (STP) amounted to Rp128,766
         Rp128.766 (termasuk denda) untuk tahun fiskal                 (including penalties) for the 2016 fiscal year.
         2016. Pada tanggal 27 November 2020, Bank                     On 27 November 2020, Bank has paid all the
         telah melakukan pembayaran atas seluruh                       SKPKB, and will not submit an objection to SKPKB
         SKPKB tersebut. Bank tidak akan mengajukan                    Article 21 amounted to Rp31,492 and SKPKB VAT
         keberatan atas SKPKB PPh Pasal 21 sebesar                     amounted to Rp128,766. All underpayments are
         Rp31.492 dan SKPKB PPN sebesar Rp128.766.                     charged to the 2020 consolidated statement of profit
         Seluruh kurang bayar tersebut dibebankan ke                   or loss.
         laporan laba rugi konsolidasian tahun 2020.

         Jumlah pembayaran atas SKPKB yang tidak                       The total payment for the SKPKB that was not
         disetujui di atas sebesar Rp1.118.225 dimana                  approved above amounted to Rp1,118,225 where
         Bank mengajukan keberatan, dicatat sebagai                    the Bank filed an objection, was recorded as
         pajak dibayar dimuka pada tanggal 31 Desember                 prepaid tax on 31 December 2021. The Bank has
         2021. Bank telah mengajukan surat keberatan                   submitted an objection letter to the SKPKB for
         atas SKPKB PPh Badan yang tidak disetujui                     Corporate Income Tax (CIT) which was not
         sebesar Rp1.118.225 ke Kantor Pajak pada                      approved amounted to Rp1,118,225 to Tax Office
         tanggal 10 Februari 2021.                                     on 10 February 2021.




                                                         280
Page 1295
                                                                                   The original consolidated financial statements
                                                                                 included herein are in the Indonesian language.

          PT BANK MANDIRI (PERSERO) Tbk                                   PT BANK MANDIRI (PERSERO) Tbk
              DAN ENTITAS ANAKNYA                                               AND ITS SUBSIDIARIES
        CATATAN ATAS LAPORAN KEUANGAN                                      NOTES TO THE CONSOLIDATED
                   KONSOLIDASIAN                                               FINANCIAL STATEMENTS
         Tanggal 31 Desember 2025 dan untuk                                 As of 31 December 2025 and for
        Tahun Berakhir pada Tanggal Tersebut                                   for the Year Then Ended
           (Disajikan dalam jutaan Rupiah,                                 (Expressed in millions of Rupiah,
               kecuali dinyatakan lain)                                        unless otherwise stated)

33. PERPAJAKAN (lanjutan)                                      33. TAXATION (continued)

   f.     Surat ketetapan pajak (lanjutan)                        f.   Tax assessment letter (continued)

          Tahun pajak 2016 (lanjutan)                                  Fiscal year 2016 (continued)

          Pada tanggal 7 Februari 2022, Bank telah                     On 7 February 2022, the Bank received the decision
          menerima hasil putusan keberatan PPh Badan,                  on objection to CIT which reduced the amount of tax
          yang mengurangi jumlah pajak dalam surat                     in the objection letter from Rp1,118,225 to
          keberatan dari Rp1.118.225 menjadi Rp213.760.                Rp213,760. On 21 March 2022, the Bank received
          Pada tanggal 21 Maret 2022, Bank telah                       a tax refund for the objection to Corporate Income
          menerima pengembalian pajak atas hasil putusan               Tax in the amount of Rp909,489 and recorded it as
          keberatan PPh Badan tersebut sebesar                         a deduction from prepaid tax payments. The Bank
          Rp909.489 dan dicatat sebagai pengurang                      did not agree with the results of the objection
          pembayaran pajak dibayar dimuka. Bank tidak                  decision and has submitted an appeal to the Tax
          setuju dengan hasil putusan keberatan dan telah              Court on 28 April 2022. As of the authorisation date
          mengajukan banding ke Pengadilan Pajak pada                  of these consolidated financial statements, the
          tanggal 28 April 2022. Sampai dengan tanggal                 appeal process at the Tax Court is still ongoing.
          otorisasi laporan keuangan konsolidasian ini,
          proses banding di Pengadilan Pajak masih
          berlangsung.

34. LIABILITAS IMBALAN KERJA                                   34. EMPLOYEE BENEFIT LIABILITIES

                                             31 Desember 2025/   31 Desember 2024/
                                             31 December 2025    31 December 2024

  Penyisihan biaya uang penghargaan                                                            Provision for post-employment
    pegawai (Catatan 51)                             4.018.305            3.495.175                       benefit (Note 51)
                                                                                                      Provisions for bonuses,
  Cadangan atas bonus, insentif,                                                                       incentive, leave and
    cuti dan THR                                     3.881.278            3.664.843            holiday (THR) entitlements
  Total                                              7.899.583            7.160.018                                        Total


   Penyisihan biaya uang penghargaan pegawai meliputi             Provision for post-employment benefit such as pension
   uang pensiun dan remunerasi jangka panjang lainnya             fund and other long term remuneration are in
   sesuai dengan kebijakan Bank dan Entitas Anak yang             accordance with the Bank and Subsidiaries’ policy which
   dihitung dengan perhitungan aktuaris.                          are calculated using actuarial calculation.

35. LIABILITAS LAIN-LAIN                                       35. OTHER LIABILITIES

                                             31 Desember 2025/   31 Desember 2024/
                                             31 December 2025    31 December 2024

  Rupiah                                                                                                                   Rupiah
    Liabilitas dividen                               9.324.158                    -                          Dividend liabilities
    Pendapatan diterima dimuka                                                                                Deferred income
       yang tidak teratribusi                        4.162.714            4.242.085              (not directly attributable)
    Liabilitas sewa                                  3.937.833            1.481.045                             Lease liabilities
    Liabilitas terkait dengan transaksi                                                      Liabilities related to customers
       transfer nasabah                              3.642.477             815.693                    transfer transactions
    Liabilitas terkait dengan                                                                 Liabilities related to ATM and
       transaksi ATM dan kartu kredit                2.915.565            4.498.184              credit card transactions
    Utang transaksi nasabah                          2.267.956            1.560.159         Customers transaction payables
    Liabilitas kepada pihak ketiga                   1.867.823            2.093.113                  Liabilities to third parties
    Liabilitas terkait dengan transaksi                                                        Liabilities related to treasury
       treasuri                                      1.017.652              87.682                              transactions
    Liabilitas terkait dengan unit-link                834.897             742.344              Liabilities related to unit-link
    Pendapatan diterima dimuka                                                                                Deferred income
       yang teratribusi                                722.505            1.117.656                   (directly attributable)
    Setoran jaminan                                    648.929              998.341                       Guarantee deposits
    Liabilitas kepada dealer                           604.698              667.172                        Liabilities to dealer



                                                         281
Page 1296
                                                                                      The original consolidated financial statements
                                                                                    included herein are in the Indonesian language.

         PT BANK MANDIRI (PERSERO) Tbk                                       PT BANK MANDIRI (PERSERO) Tbk
             DAN ENTITAS ANAKNYA                                                   AND ITS SUBSIDIARIES
       CATATAN ATAS LAPORAN KEUANGAN                                          NOTES TO THE CONSOLIDATED
                  KONSOLIDASIAN                                                   FINANCIAL STATEMENTS
        Tanggal 31 Desember 2025 dan untuk                                     As of 31 December 2025 and for
       Tahun Berakhir pada Tanggal Tersebut                                       for the Year Then Ended
          (Disajikan dalam jutaan Rupiah,                                     (Expressed in millions of Rupiah,
              kecuali dinyatakan lain)                                            unless otherwise stated)

35. LIABILITAS LAIN-LAIN (lanjutan)                               35. OTHER LIABILITIES (continued)

                                               31 Desember 2025/    31 Desember 2024/
                                               31 December 2025     31 December 2024


  Rupiah (lanjutan)                                                                                           Rupiah (continued)
    Liabilitas transaksi asuransi                         289.333             707.508            Insurance transaction liabilities
    Liabilitas zakat                                      253.691             235.682                           Zakat liabilities
    Liabilitas spot                                        19.918              15.586                            Spot liabilities
    Liabilitas dana pensiun dan                                                                               Pension fund and
       JHT pensiun                                          1.687              800.295                pension plan liabilities
    Lain-lain                                           2.072.204            1.891.223                                    Others
  Total                                                34.584.040          21.953.768                                          Total
  Mata uang asing                                                                                              Foreign currencies
    Pendapatan diterima dimuka                                                                                    Deferred income
       yang tidak teratribusi                           2.495.024            2.075.283              (not directly attributable)
    Term Deposits Valas                                                                                 Foreign Exchange Term
       Devisa Hasil Ekspor                              1.113.056            3.862.800       Deposits from Export Activities
    Liabilitas terkait dengan transaksi                                                                        Customers transfer
       transfer nasabah                                                                                             transactions
       (Catatan 62.B.(iv))                              1.058.177             768.298                            (Note 62.B.(iv))
    Liabilitas terkait dengan transaksi                                                               Liabilities related to trade
       trade finance                                      892.378             422.451                     finance transactions
    Setoran jaminan (Catatan 62.B.(iv))                   498.706             369.906      Guarantee deposits (Note 62.B.(iv))
    Liabilitas sewa (Catatan 62.B.(iv))                    91.712             135.535         Lease liabilities (Note 62.B.(iv))
    Liabilitas terkait dengan                                                                    Liabilities related to ATM and
       transaksi ATM dan kartu kredit                                                                credit card transactions
       (Catatan 62.B.(iv))                                 32.923              22.379                           (Note 62.B.(iv))
    Liabilitas kepada pihak ketiga                         28.438             487.337                   Liabilities to third parties
    Liabilitas transaksi asuransi                          20.725              19.961          Insurance transaction liabilities
    Liabilitas terkait dengan transaksi                                                                       Liabilities related to
       treasuri                                             5.043             317.456                    treasury transactions
    Pendapatan diterima dimuka                                                                                    Deferred income
       yang teratribusi                                     3.235                    -                    (directly attributable)
    Liabilitas spot                                           521                    -                               Spot liabilities
    Liabilitas terkait dengan unit-link                         -                5.184             Liabilities related to unit-link
    Liabilitas transaksi nasabah                                -                4.893          Liabilities related to customers
    Lain-lain                                           1.515.690            2.211.648                                       Others

  Total                                                 7.755.628          10.703.131                                          Total
                                                       42.339.668          32.656.899


    Pendapatan diterima dimuka yang tidak teratribusi                Non directly attributable deferred income consists
    secara langsung terdiri dari pendapatan provisi/komisi           of provisions/commissions of loans and sharia
    kredit dan piutang/pembiyaan syariah yang tidak terkait          receivables/financing that are not directly attributable to
    langsung      dengan     pemberian      kredit     dan           the unamortised loans and sharia receivables/financing
    piutang/pembiyaan syariah yang belum diamortisasi.               granted.

    Liabilitas terkait dengan transaksi ATM dan kartu kredit         Liabilities related to ATM and credit card transactions
    terdiri dari liabilitas atas transaksi ATM dalam jaringan        consist of liabilities from ATM transactions within ATM
    ATM Bersama, ATM Link dan ATM Prima dan liabilitas               Bersama, ATM Link and ATM Prima network and
    kepada Visa dan Master Card dan JCB untuk transaksi              liabilities to Visa and Master Card and JCB for credit card
    kartu kredit.                                                    transactions.

    Utang transaksi nasabah sebagian besar terdiri dari              Customer transaction payables mostly consist of
    utang yang timbul dari transaksi perdagangan efek                payables arising from securities trading transactions of
    Entitas Anak.                                                    Subsidiaries.




                                                            282
Page 1297
                                                                                                                    The original consolidated financial statements
                                                                                                                  included herein are in the Indonesian language.

            PT BANK MANDIRI (PERSERO) Tbk                                                                PT BANK MANDIRI (PERSERO) Tbk
                DAN ENTITAS ANAKNYA                                                                            AND ITS SUBSIDIARIES
          CATATAN ATAS LAPORAN KEUANGAN                                                                   NOTES TO THE CONSOLIDATED
                     KONSOLIDASIAN                                                                            FINANCIAL STATEMENTS
           Tanggal 31 Desember 2025 dan untuk                                                              As of 31 December 2025 and for
          Tahun Berakhir pada Tanggal Tersebut                                                                for the Year Then Ended
             (Disajikan dalam jutaan Rupiah,                                                              (Expressed in millions of Rupiah,
                 kecuali dinyatakan lain)                                                                     unless otherwise stated)

35. LIABILITAS LAIN-LAIN (lanjutan)                                                   35. OTHER LIABILITIES (continued)

    Liabilitas dana pensiun dan JHT pensiun merupakan                                       Pension fund and pension plan liablities are liabilities of
    Liabilitas Entitas Anak (PT Bank Mandiri Taspen)                                        a subsidiary (PT Bank Mandiri Taspen) to retirees,
    kepada pensiunan, dimana Entitas Anak berperan                                          where the Subsidiary acts as a distributor of pension
    sebagai penyalur dana pensiun dari nasabah Entitas                                      funds from the Subsidiary’s customers to the retirees of
    Anak kepada pensiunan nasabah.                                                          those customers.

    Term Deposits Valas Devisa Hasil Ekspor merupakan                                       Foreign Exchange Term Deposits from Export Activities
    suatu instrumen dimana dana devisa hasil ekspor dari                                    is an instrument where foreign exchange from export
    rekening khusus eksportir ditempatkan pada Bank                                         proceeds from exporters’ special account are placed in
    Indonesia melalui rekening Bank sesuai mekanisme                                        Bank Indonesia through Bank’s accounts in accordance
    pasar.                                                                                  with market mechanisms.

    Pendapatan diterima dimuka yang teratribusi secara                                      Directly attributable deferred income consists of income
    langsung terdiri dari pendapatan provisi/komisi kredit                                  from provisions/commissions of loans and sharia
    dan piutang/pembiyaan syariah yang terkait langsung                                     receivables/financing which directly attributable to
    dengan pemberian kredit dan piutang/pembiyaan                                           unamortised loans and sharia receivables/financing
    syariah yang belum diamortisasi.                                                        granted.

    Setoran jaminan merupakan jaminan uang tunai yang                                       Guarantee deposit is a cash guarantee deposited by
    disetorkan oleh nasabah atas transaksi ekspor, impor                                    customers related to export, import transaction and
    dan penerbitan bank garansi.                                                            issuance of bank guarantees.

    Liabilitas kepada dealer merupakan liabilitas Entitas                                   Liabilities to dealers are liabilities of the Subsidiaries (PT
    Anak (PT Mandiri Tunas Finance dan PT Mandiri                                           Mandiri Tunas Finance and PT Mandiri Utama Finance)
    Utama Finance) kepada dealer kendaraan bermotor                                         to motor vehicle dealers related to financing provided by
    terkait pembiayaan yang diberikan Entitas Anak                                          the Subsidiaries to customers.
    kepada nasabah.

    Lain-lain terutama terdiri dari rekening antar kantor dan                               Others mainly consist of interoffice accounts and
    liabilitas terkait transaksi perdagangan, titipan dan                                   liabilities related to trade transactions, deposits and
    transaksi yang masih harus diselesaikan.                                                transaction remains to be settled.

    Pengungkapan liabilitas sewa sebagai berikut:                                           The disclosure of lease liabilities are as follows:
                                                                 31 Desember 2025/31 December 2025

                                                                   Beban bunga
                                                                   atas liabilitas   Liabilitas sewa        Pengalihan
                                              Penambahan               sewa/            yang telah         pengendalian
                             Saldo awal/         sewa/           Interest expense      dibayarkan/       atas entitas anak/     Saldo akhir/
                              Beginning        Additions of          on lease          Payments of       Control transfer of      Ending
                               balance       lease liabilities       liabilities     lease liabilities      a subsidiary          balance


  Kategori aset pendasar                                                                                                                                  Underlying assets
  Kendaraan bermotor              394.197             157.590               26.736          (283.029)                      -           295.494                        Vehicles
  Bangunan - rumah dinas           14.475              85.872                  756            (84.517)                     -            16.586     Building - office residence
  Bangunan - gedung kantor        648.939           3.879.007               51.429        (1.464.585)               (21.820)         3.092.970       Building - office building
  Perlengkapan, peralatan                                                                                                                         Furniture and fixture, office
     kantor dan komputer          558.969               8.824               66.717           (10.015)                       -          624.495   equipment and computer

  Total                          1.616.580          4.131.293             145.638         (1.842.146)               (21.820)         4.029.545                           Total


                                                                 31 Desember 2024/31 December 2024

                                                                   Beban bunga                               Pengalihan
                                                                   atas liabilitas   Liabilitas sewa       pengendalian
                                              Penambahan               sewa/            yang telah          atas entitas
                             Saldo awal/         sewa/           Interest expense      dibayarkan/         anak/Control         Saldo akhir/
                              Beginning        Additions of          on lease          Payments of          transfer of a         Ending
                               balance       lease liabilities       liabilities     lease liabilities       subsidiary           balance


  Kategori aset pendasar                                                                                                                                  Underlying assets
  Kendaraan bermotor              376.488             268.513               24.317          (275.121)                     -            394.197                        Vehicles
  Bangunan - rumah dinas           13.100             103.304                  736          (102.665)                     -             14.475     Building - office residence
  Bangunan - gedung kantor        591.568           1.278.943               45.054        (1.249.964)               (16.662)           648.939       Building - office building
  Perlengkapan, peralatan                                                                                                                         Furniture and fixture, office
     kantor dan komputer            13.812            510.607               58.300           (23.750)                       -          558.969   equipment and computer

  Total                           994.968           2.161.367             128.407         (1.651.500)               (16.662)         1.616.580                           Total




                                                                               283
Page 1298
                                                                                    The original consolidated financial statements
                                                                                  included herein are in the Indonesian language.

         PT BANK MANDIRI (PERSERO) Tbk                                     PT BANK MANDIRI (PERSERO) Tbk
             DAN ENTITAS ANAKNYA                                                 AND ITS SUBSIDIARIES
       CATATAN ATAS LAPORAN KEUANGAN                                        NOTES TO THE CONSOLIDATED
                  KONSOLIDASIAN                                                 FINANCIAL STATEMENTS
        Tanggal 31 Desember 2025 dan untuk                                   As of 31 December 2025 and for
       Tahun Berakhir pada Tanggal Tersebut                                     for the Year Then Ended
          (Disajikan dalam jutaan Rupiah,                                   (Expressed in millions of Rupiah,
              kecuali dinyatakan lain)                                          unless otherwise stated)

35. LIABILITAS LAIN-LAIN (lanjutan)                            35. OTHER LIABILITIES (continued)

    Liabilitas lain-lain terkait sewa berdasarkan jangka           Other liabilities related to leases by period:
    waktu:

                                             31 Desember 2025/    31 Desember 2024/
                                             31 December 2025     31 December 2024

  Jangka pendek                                        207.915               204.450                                   Short term
  Jangka panjang                                     3.821.630             1.412.130                                   Long term
  Total                                              4.029.545             1.616.580                                        Total


    Analisis jatuh tempo liabilitas lain-lain terkait sewa         Analysis of the maturities of other liabilities related to
    sebagai berikut:                                               leases as follows:

                                             31 Desember 2025/    31 Desember 2024/
                                             31 December 2025     31 December 2024

  1 tahun                                              207.915               204.450                                       1 year
  2 tahun                                              629.273               366.285                                      2 years
  3 tahun                                            2.895.986               549.115                                      3 years
  4 tahun                                              158.838               310.600                                      4 years
  5 tahun                                              112.964               140.907                                      5 years
  > 5 tahun                                             24.569                45.223                                    > 5 years

  Total                                               4.029.545            1.616.580                                        Total


36. PINJAMAN YANG DITERIMA                                     36. FUND BORROWINGS

                                             31 Desember 2025/    31 Desember 2024/
                                             31 December 2025     31 December 2024

  Rupiah                                                                                                                Rupiah
    Pihak berelasi                                                                                            Related parties
      (h) Lain-lain (Catatan 56)                     2.245.296             4.627.957                   Others (Note 56) (h)
    Pihak ketiga                                                                                                Third parties
      (a) Kementerian Pekerjaan
           Umum dan Perumahan Rakyat                                                         Ministry of Public Work and (a)
           (Kemenpupera)                             3.138.358             1.877.633            Housing (Kemenpupera)
      (g) Bank Indonesia                                     -            18.417.864                      Bank Indonesia (g)
      (h) Lain-lain                                 20.657.559            25.778.971                              Others (h)

                                                    23.795.917            46.074.468

  Total                                             26.041.213            50.702.425                                         Total

  Mata uang asing                                                                                             Foreign currencies
    Pihak ketiga                                                                                                  Third parties
      (b) Direct off-shore loans                    33.464.728            29.899.692              Direct off-shore loans (b)
      (c) Fasilitas pendanaan
            perdagangan                             50.938.728            40.445.004            Trade financing facilities (c)
      (d) Term Loans                                22.215.208            15.974.126                        Term Loans (d)
      (e) Bilateral Loans                           18.321.288             8.047.500                     Bilateral Loans (e)
      (f) Repo to maturity                           2.499.783               559.816                    Repo to maturity (f)
      (h) Lain-lain                                  1.191.474             2.287.418                              Others (h)
  Total (Catatan 62.B.(iv))                        128.631.209            97.213.556                       Total (Note 62.B.(iv))
                                                   154.672.422          147.915.981




                                                         284
Page 1299
                                                                            The original consolidated financial statements
                                                                          included herein are in the Indonesian language.

        PT BANK MANDIRI (PERSERO) Tbk                              PT BANK MANDIRI (PERSERO) Tbk
            DAN ENTITAS ANAKNYA                                          AND ITS SUBSIDIARIES
      CATATAN ATAS LAPORAN KEUANGAN                                 NOTES TO THE CONSOLIDATED
                 KONSOLIDASIAN                                          FINANCIAL STATEMENTS
       Tanggal 31 Desember 2025 dan untuk                            As of 31 December 2025 and for
      Tahun Berakhir pada Tanggal Tersebut                              for the Year Then Ended
         (Disajikan dalam jutaan Rupiah,                            (Expressed in millions of Rupiah,
             kecuali dinyatakan lain)                                   unless otherwise stated)

36. PINJAMAN YANG DITERIMA (lanjutan)                        36. FUND BORROWINGS (continued)

   (a) Kementerian Pekerjaan Umum dan Perumahan              (a) Ministry of   Public        Work      and     Housing
       Rakyat (Kemenpupera)                                      (Kemenpupera)

       Akun ini merupakan dukungan pemerintah kepada            This account represents Government support to
       masyarakat berpenghasilan rendah           untuk         low-income communities for housing financing
       pembiayaan perumahan dalam program Fasilitas             Liquidity Facility of Housing Financing (Fasilitas
       Likuiditas Pembiayaan Perumahan (“FLPP”)                 Likuiditas Pembiayaan Perumahan) (“FLPP”)
       dengan sharing pembiayaan sesuai kesepakatan,            program, with financing sharing according to the
       saat ini sharing pembiayaan yang berlaku adalah          agreement currently the applicable financing
       75,00% dana Pemerintah dan 25,00% dana Bank.             sharing of 75.00% funds from Government’s fund
       PT Bank Mandiri (Persero) Tbk ikut serta sebagai         and     25.00%       funds   from    Bank’s    fund.
       Bank Pelaksana Penyaluran FLPP sejak tahun               PT Bank Mandiri (Persero) Tbk has been
       2012, tertuang dalam Kesepakatan Bersama                 participating as the implementing Bank for FLPP
       antara Kementerian Pekerjaan Umum dan                    distribution since 2012, as stipulated in the joint
       Perumahan Rakyat No. 13/SKB/DP/2011 dengan               aggrement between Ministry of Public Work and
       PT       Bank      Mandiri     (Persero)    Tbk          Housing No. 13/SKB/DP/2011 with PT Bank Mandiri
       No. DIR.MOU/015/2011 tentang Penyaluran Dana             (Persero) Tbk No. DIR.MOU/015/2011 regarding
       FLPP dalam rangka pengadaan perumahan                    the distribution of FLPP fund for housing acquisition
       melalui Kredit/Pembiayaan Pemilikan Rumah                through Home Ownership Financing, which
       Sejahtera, diperbaharui dengan Kesepakatan               renewed by Joint Agreement between the Ministry
       Bersama antara Kementerian Perumahan Rakyat              of Public Work and Housing No. 07/SKB/M/2012
       No. 07/SKB/M/2012 dengan PT Bank Mandiri                 with PT Bank Mandiri (Persero) Tbk No.
       (Persero) Tbk No. DIR.MOU/003/2012 tanggal               DIR.MOU/003/2012 dated 15 February 2012
       15     Februari    2012    tentang    Perubahan          regarding Amendments of Joint Agreement, then
       Kesepakatan Bersama, diperbaharui kembali                the joint agreement Amendment amended between
       Kesepakatan Bersama antara Kementerian                   Ministry of Public Work and Housing No.
       Pekerjaan Umum dan Perumahan Rakyat No.                  29/MoU/Dp/2020 with PT Bank Mandiri (Persero)
       29/MoU/Dp/2020 dengan PT Bank Mandiri                    Tbk No. DIR.MOU/19/2020 dated 17 December
       (Persero) Tbk No. DIR.MOU/19/2020 tanggal                2020 regarding Distribution of Subsidized Home
       17 Desember 2020 tentang Penyaluran Kredit               Ownership Credit for Low-Income Communities
       Pemilikan Rumah Bersubsidi Bagi Masyarakat               ("MBR").
       Berpenghasilan Rendah (“MBR”).

       Pada    Tahun 2021 terdapat            Pengalihan        In 2021, there was a transfer of management
       pengelolaan Dana FLPP yang sebelumnya                    of FLPP Funds which were previously managed
       dikelola oleh Badan Layanan Umum Pusat                   by Badan Layanan Umum Pusat Pengelolaan Dana
       Pengelolaan Dana Pembiayaan Perumahan                    Pembiayaan Perumahan ("PPDPP") transferred to
       (“PPDPP”) dialihkan ke Badan Pengelola                   Badan Pengelola Tabungan Perumahan Rakyat
       Tabungan Perumahan Rakyat (“BPTapera”)                   (“BPTapera”) in accordance with the Tripartite
       sesuai dengan Perjanjian Tripartit antara PPDPP,         Agreement between PPDPP, BPTapera and
       BPTapera dan PT Bank Mandiri (Persero) Tbk No.           PT      Bank     Mandiri    (Persero)    Tbk
       06/PRJ/Pg/2021, No. 10/PKS/BP-TPR/I/12/2021              No.     06/PRJ/Pg/2021,   No.     10/PKS/BP-
       dan DIR.PKS/40/2021 Tanggal 24 Desember                  TPR/I/12/2021 and DIR.PKS/40/2021 dated
       2021.                                                    24 December 2021.




                                                       285
Page 1300
                                                                                The original consolidated financial statements
                                                                              included herein are in the Indonesian language.

        PT BANK MANDIRI (PERSERO) Tbk                                  PT BANK MANDIRI (PERSERO) Tbk
            DAN ENTITAS ANAKNYA                                              AND ITS SUBSIDIARIES
      CATATAN ATAS LAPORAN KEUANGAN                                     NOTES TO THE CONSOLIDATED
                 KONSOLIDASIAN                                              FINANCIAL STATEMENTS
       Tanggal 31 Desember 2025 dan untuk                                As of 31 December 2025 and for
      Tahun Berakhir pada Tanggal Tersebut                                  for the Year Then Ended
         (Disajikan dalam jutaan Rupiah,                                (Expressed in millions of Rupiah,
             kecuali dinyatakan lain)                                       unless otherwise stated)

36. PINJAMAN YANG DITERIMA (lanjutan)                        36. FUND BORROWINGS (continued)

   (a) Kementerian Pekerjaan Umum dan Perumahan                 (a) Ministry of    Public   Work           and     Housing
       Rakyat (Kemenpupera) (lanjutan)                              (Kemenpupera) (continued)

       Dalam     pelaksanaan    program,     dilakukan              In implementing the program, a cooperation
       penandatanganan perjanjian kerjasama yang                    agreement was signed which is renewed every year
       diperbaharui setiap tahun selama PT Bank                     as long as PT Bank Mandiri (Persero) Tbk
       Mandiri (Persero) Tbk ikut serta menjadi Bank                participated as the Implementing Bank, with the
       Pelaksana, dengan awal perjanjian kerjasama                  initial cooperation agreement is the Operational
       yaitu Perjanjian Kerjasama Operasional antara                Cooperation Agreement between Badan Layanan
       Badan Layanan Umum Pusat Pembiayaan                          Umum        Pusat     Pembiayaan     Perumahan
       Perumahan Kementerian Perumahan Rakyat                       Kementerian Perumahan Rakyat of Public Housing
       Republik Indonesia pada tahun 2012 tentang                   of the Republic of Indonesia in 2012 regarding
       Penyaluran Dana FLPP Dalam Rangka Perolehan                  Distribution of FLPP Funds in the Context of
       Rumah Melalui KPR Sejahtera Bagi Masyarakat                  Acquiring a House through Prosperous KPR for
       Berpenghasilan Rendah (“MBR”), yang telah                    Low-Income       Communities    ("MBR"),   which
       diperbaharui dengan perjanjian yang terbaru                  has been updated with the latest agreement,
       yaitu Perjanjian Kerjasama antara    BPTapera                namely        the     Cooperation     Agreement
       dan    PT     Bank    Mandiri  (Persero)    Tbk              between BPTapera and PT Bank Mandiri
       No.        23/PKS/BP-TPR/I/12/2023          dan              (Persero) Tbk No. 23/PKS/BP-TPR/I/12/2023 and
       DIR.PKS/38/2023 tentang Penyaluran Dana FLPP                 DIR.PKS/38/2023 concerning Distribution of FLPP
       melalui Kredit/Pembiayaan Pemilikan Rumah                    Funds through Credit/Financing for Prosperous
       Sejahtera/Rumah Sejahtera Bagi Masyarakat                    Home Ownership/Prosperous Homes for Low-
       Berpenghasilan Rendah tanggal 28 Desember                    Income Communities dated 28 December 2023.
       2023.
       Baki debet pada tanggal 31 Desember 2025 dan                 Outstanding balance as of 31 December 2025 and
       2024      adalah      masing-masing      sebesar             2024 were Rp3,138,358 and Rp1,877,633,
       Rp3.138.358 dan Rp1.877.633. Fasilitas ini                   respectively. These facilities are subject to a certain
       dikenakan tarif tertentu dari Pemerintah. Jangka             rate from the Government. The period of loan and
       waktu kredit dan jadwal pelunasannya maksimal                repayment schedule are maximum of 240 months
       240 bulan (20 tahun). Pengembalian dana                      (20 years). Repayment (principal and interest
       (angsuran pokok dan bunga) kepada BPTapera                   instalment) to BPTapera are carried out no later
       dilaksanakan       paling      lambat     tanggal            than 10th of each month.
       10 setiap bulannya.
   (b) Direct off-shore loans                                   (b) Direct off-shore loans

       Rincian pinjaman direct off-shore loans adalah               The details of direct off-shore loans are as follows:
       sebagai berikut:
                                           31 Desember 2025/   31 Desember 2024/
                                           31 December 2025    31 December 2024
      Mata uang asing                                                                                    Foreign currencies
        Pihak ketiga                                                                                          Third parties
          MUFG Bank, Ltd., Singapura               7.448.358           7.176.281          MUFG Bank, Ltd., Singapore
          Oversea-Chinese Banking                                                           Oversea-Chinese Banking
             Corporation, Singapura                4.166.600           4.020.329             Corporation, Singapore
          United Overseas Bank                                                                   United Overseas Bank
               Limited, Singapura                  3.798.013           3.662.549                  Limited, Singapura
          Industrial and Commercial Bank                                               Industrial and Commercial Bank
             of China, Ltd, Singapura              2.333.640           1.609.500            of China, Ltd, Singapore
          Bank of Communications,                                                             Bank of Communications
             Singapura                             1.667.500           1.609.500                           Singapore
          China Construction Bank                                                              China Construction Bank
             Corporation, Singapura                1.667.500           1.609.500             Corporation, Singapore
          CTBC Bank Co., Ltd, Singapura            1.667.500           1.609.500       CTBC Bank Co., Ltd, Singapore
          Development Bank Singapura,                                                    Development Bank Singapore,
             Limited                               1.665.350           1.606.078                              Limited
          Taipei Fubon Bank, Singapura             1.665.350           1.606.078        Taipei Fubon Bank, Singapore
          Sumitomo Mitsui Banking                                                             Sumitomo Mitsui Banking
             Corporation                           1.334.000                    -                        Corporation
           The Hongkong and Shanghai                                                      The Hongkong and Shanghai
             Banking Corporation,                                                               Banking Corporation,
             Ltd, Singapura                          999.210           1.606.078                      Ltd, Singapore
           Standard Chartered Bank,                                                               Standard Chartered Bank,
             Singapura                               992.525                    -                          Singapore
           Bank of China, Singapura                  967.150             128.760           Bank of China, Singapore

                                                       286
Page 1301
                                                                                                                  The original consolidated financial statements
                                                                                                                included herein are in the Indonesian language.

        PT BANK MANDIRI (PERSERO) Tbk                                                                   PT BANK MANDIRI (PERSERO) Tbk
            DAN ENTITAS ANAKNYA                                                                               AND ITS SUBSIDIARIES
      CATATAN ATAS LAPORAN KEUANGAN                                                                      NOTES TO THE CONSOLIDATED
                 KONSOLIDASIAN                                                                               FINANCIAL STATEMENTS
       Tanggal 31 Desember 2025 dan untuk                                                                 As of 31 December 2025 and for
      Tahun Berakhir pada Tanggal Tersebut                                                                   for the Year Then Ended
         (Disajikan dalam jutaan Rupiah,                                                                 (Expressed in millions of Rupiah,
             kecuali dinyatakan lain)                                                                        unless otherwise stated)

36. PINJAMAN YANG DITERIMA (lanjutan)                                              36. FUND BORROWINGS (continued)
   (b) Direct off-shore loans (lanjutan)                                                  (b) Direct off-shore loans (continued)
       Rincian pinjaman direct off-shore loans adalah                                             The details of direct off-shore loans are as follows:
       sebagai berikut: (lanjutan)                                                                (continued)
                                                       31 Desember 2025/                 31 Desember 2024/
                                                       31 December 2025                  31 December 2024
      Mata uang asing (lanjutan)                                                                                                  Foreign currencies (continued)
        Pihak ketiga (lanjutan)                                                                                                       Third parties (continued)
          Taishin International Bank                                     833.473                         804.213                  Taishin International Bank
          Bank of Taiwan                                                 749.834                         724.275                             Bank of Taiwan
          The Saudi National Bank                                        725.000                                -                      The Saudi National Bank
          DZ Bank AG, Singapura                                          333.500                                -                       DZ Bank AG, Singapore
          The Shanghai Commercial                                                                                                    The Shanghai Commercial
             and Savings Bank Ltd                                        333.500                                  -                   and Savings Bank Ltd
          KEB Hana Bank                                                  116.725                                  -                              KEB Hana Bank
          China Development Bank                                                                                                      China Development Bank
             - Tranche A                                                           -                    1.503.004                                Tranche A -
             - Tranche B                                                           -                      624.047                                Tranche B -
                                                                      33.464.728                       29.899.692

       MUFG Bank, Ltd., Singapura                                                                 MUFG Bank, Ltd., Singapore
                                                                     31 Desember 2025/31 December 2025

                                                                                                                       Nilai nominal/Nominal amount
                                                                                          Tingkat
                                                                        Jangka             suku                       Valuta asing
                                                 Tanggal jatuh           waktu            bunga                       (nilai penuh)/       Setara
                               Pemberi              Tempo/              (bulan)/        per tahun/                       Foreign          Rupiah/
                              Pinjaman/            Maturity              Tenor         Interest rate     Mata uang/     currency          Rupiah
             Jenis             Lender                date              (months)         per annum        Currency     (full amount)      equivalent           Type

                                                                                    SOFR (3 bulan)
                                                                                   + marjin tertentu/
       Direct off-shore       MUFG Bank Ltd.,             15 Juni/                 SOFR (3 months)                                                        Direct off-shore
        loans              Singapura/Singapore          June 2026             36    + certain margin           USD       200.000.000        3.335.000              loans
                                                                                    SOFR (3 bulan)
                                                                                   + marjin tertentu/
       Direct off-shore       MUFG Bank Ltd.,             15 Juni/                 SOFR (3 months)                                                        Direct off-shore
        loans              Singapura/Singapore          June 2026             36    + certain margin           USD       155.000.000        2.584.625             loans
                                                                                    SOFR (3 bulan)
                                                                                   + marjin tertentu/
       Direct off-shore       MUFG Bank Ltd.,             15 Juni/                 SOFR (3 months)                                                        Direct off-shore
       loans               Singapura/Singapore          June 2026             36    + certain margin           USD         92.000.000       1.534.100             loans

       Dikurangi:                                                                                                                                           Less:
       Biaya teratribusi                                                                                                                                    Unamortised
         yang belum                                                                                                                                          attributable
         diamortisasi                                                                                                        (321.886)          (5.367)           costs


                                                                                                                          446.678.114        7.448.358

                                                                      31 Desember 2024/31 December 2024

                                                                                                                      Nilai nominal/Nominal amount
                                                                                          Tingkat
                                                                        Jangka             suku                       Valuta asing
                                                 Tanggal jatuh           waktu            bunga                       (nilai penuh)/       Setara
                               Pemberi              Tempo/              (bulan)/        per tahun/                       Foreign          Rupiah/
                              Pinjaman/            Maturity              Tenor         Interest rate     Mata uang/     currency          Rupiah
             Jenis             Lender                date              (months)         per annum        Currency     (full amount)      equivalent          Type

                                                                                    SOFR (3 bulan)
                                                                                   + marjin tertentu/
       Direct off-shore       MUFG Bank Ltd.,             15 Juni/                 SOFR (3 months)                                                        Direct off-shore
        loans              Singapura/Singapore          June 2026             36    + certain margin           USD       200.000.000        3.219.000              loans
                                                                                    SOFR (3 bulan)
                                                                                   + marjin tertentu/
       Direct off-shore       MUFG Bank Ltd.,             15 Juni/                 SOFR (3 months)                                                        Direct off-shore
        loans              Singapura/Singapore          June 2026             36    + certain margin           USD       155.000.000        2.494.725             loans
                                                                                    SOFR (3 bulan)
                                                                                   + marjin tertentu/
       Direct off-shore       MUFG Bank Ltd.,             15 Juni/                 SOFR (3 months)                                                        Direct off-shore
       loans               Singapura/Singapore          June 2026             36    + certain margin           USD        92.000.000        1.480.740             loans

       Dikurangi:                                                                                                                                           Less:
       Biaya teratribusi                                                                                                                                    Unamortised
         yang belum                                                                                                                                          attributable
         diamortisasi                                                                                                      (1.129.851)        (18.184)            costs


                                                                                                                          445.870.149       7.176.281



                                                                            287
Page 1302
                                                                                                               The original consolidated financial statements
                                                                                                             included herein are in the Indonesian language.

       PT BANK MANDIRI (PERSERO) Tbk                                                                 PT BANK MANDIRI (PERSERO) Tbk
           DAN ENTITAS ANAKNYA                                                                             AND ITS SUBSIDIARIES
     CATATAN ATAS LAPORAN KEUANGAN                                                                    NOTES TO THE CONSOLIDATED
                KONSOLIDASIAN                                                                             FINANCIAL STATEMENTS
      Tanggal 31 Desember 2025 dan untuk                                                               As of 31 December 2025 and for
     Tahun Berakhir pada Tanggal Tersebut                                                                 for the Year Then Ended
        (Disajikan dalam jutaan Rupiah,                                                               (Expressed in millions of Rupiah,
            kecuali dinyatakan lain)                                                                      unless otherwise stated)

36. PINJAMAN YANG DITERIMA (lanjutan)                                             36. FUND BORROWINGS (continued)

  (b) Direct off-shore loans (lanjutan)                                                (b) Direct off-shore loans (continued)

       MUFG Bank, Ltd., Singapura (lanjutan)                                                  MUFG Bank, Ltd., Singapore (continued)

       Bank Mandiri memperoleh beberapa fasilitas                                                Bank Mandiri obtained several unsecured loan
       pinjaman tanpa agunan dari MUFG Bank, Ltd.,                                               facilities from MUFG Bank, Ltd., Singapore with
       Singapura dengan nominal yang beragam dengan                                              various nominal amounts and SOFR interest rates
       tingkat bunga SOFR 3 (tiga) bulan ditambah                                                of 3 (three) months plus a certain margin. The loan
       marjin tertentu. Fasilitas pinjaman tersebut                                              facility has a maturity of more than one (1) year
       memiliki jatuh tempo lebih dari 1 (satu) tahun yang                                       and will mature on 15 June 2026.
       akan jatuh tempo pada tanggal 15 Juni 2026.

       Oversea-Chinese                  Banking        Corporation,                              Oversea-Chinese Banking Corporation,
       Singapura                                                                                 Singapura

                                                                   31 Desember 2025/31 December 2025

                                                                                                                   Nilai nominal/Nominal amount
                                                                                    Tingkat
                                                                    Jangka           suku                         Valuta asing
                                                Tanggal jatuh        waktu          bunga                         (nilai penuh)/       Setara
                             Pemberi              Tempo/            (bulan)/      per tahun/                         Foreign          Rupiah/
                            Pinjaman/             Maturity           Tenor       Interest rate       Mata uang/     currency          Rupiah
            Jenis            Lender                 date           (months)       per annum          Currency     (full amount)      equivalent        Type

                                                                                 SOFR (3 bulan)
                            Oversea-Chinese                                     + marjin tertentu/
     Direct off-shore    Banking Corporation,      24 Desember/                 SOFR (3 months)                                                       Direct off-shore
        loans            Singapura/Singapore      December 2026           36     + certain margin          USD       150.000.000         2.501.250            loans
                                                                                TSOFR (3 bulan)
                            Oversea-Chinese                                     + marjin tertentu/
     Direct off-shore    Banking Corporation,        26 Agustus/               TSOFR (3 months)                                                       Direct off-shore
        loans            Singapura/Singapore        August 2027           45     + certain margin          USD         70.000.000        1.167.250            loans
                                                                                TSOFR (3 bulan)
                            Oversea-Chinese                                     + marjin tertentu/
     Direct off-shore    Banking Corporation,        26 Agustus/               TSOFR (3 months)                                                       Direct off-shore
        loans            Singapura/Singapore        August 2027           45     + certain margin          USD         30.000.000          500.250            loans

     Dikurangi:                                                                                                                                         Less:
     Biaya teratribusi                                                                                                                                  Unamortised
       yang belum                                                                                                                                      attributable
       diamortisasi                                                                                                     (128.906)           (2.150)           costs

                                                                                                                     249.871.094         4.166.600


                                                                   31 Desember 2024/31 December 2024

                                                                                                                   Nilai nominal/Nominal amount
                                                                                    Tingkat
                                                                    Jangka           suku                         Valuta asing
                                                Tanggal jatuh        waktu          bunga                         (nilai penuh)/       Setara
                             Pemberi              Tempo/            (bulan)/      per tahun/                         Foreign          Rupiah/
                            Pinjaman/             Maturity           Tenor       Interest rate       Mata uang/     currency          Rupiah
            Jenis            Lender                 date           (months)       per annum          Currency     (full amount)      equivalent        Type


                                                                                 SOFR (3 bulan)
                            Oversea-Chinese                                     + marjin tertentu/
     Direct off-shore    Banking Corporation,      24 Desember/                 SOFR (3 months)                                                       Direct off-shore
        loans            Singapura/Singapore      December 2026           36     + certain margin          USD       150.000.000         2.414.250            loans
                                                                                TSOFR (3 bulan)
                            Oversea-Chinese                                     + marjin tertentu/
     Direct off-shore    Banking Corporation,        26 Agustus/               TSOFR (3 months)                                                       Direct off-shore
        loans            Singapura/Singapore        August 2027           45     + certain margin          USD         70.000.000        1.126.650            loans
                                                                                TSOFR (3 bulan)
                            Oversea-Chinese                                     + marjin tertentu/
     Direct off-shore    Banking Corporation,        26 Agustus/               TSOFR (3 months)                                                       Direct off-shore
        loans            Singapura/Singapore        August 2027           45     + certain margin          USD         30.000.000          482.850            loans

     Dikurangi:                                                                                                                                         Less:
     Biaya teratribusi                                                                                                                                  Unamortised
       yang belum                                                                                                                                      attributable
       diamortisasi                                                                                                     (212.590)           (3.421)           costs

                                                                                                                     249.787.410         4.020.329




                                                                          288
Page 1303
                                                                                                                 The original consolidated financial statements
                                                                                                               included herein are in the Indonesian language.

        PT BANK MANDIRI (PERSERO) Tbk                                                                 PT BANK MANDIRI (PERSERO) Tbk
            DAN ENTITAS ANAKNYA                                                                             AND ITS SUBSIDIARIES
      CATATAN ATAS LAPORAN KEUANGAN                                                                    NOTES TO THE CONSOLIDATED
                 KONSOLIDASIAN                                                                             FINANCIAL STATEMENTS
       Tanggal 31 Desember 2025 dan untuk                                                               As of 31 December 2025 and for
      Tahun Berakhir pada Tanggal Tersebut                                                                 for the Year Then Ended
         (Disajikan dalam jutaan Rupiah,                                                               (Expressed in millions of Rupiah,
             kecuali dinyatakan lain)                                                                      unless otherwise stated)

36. PINJAMAN YANG DITERIMA (lanjutan)                                            36. FUND BORROWINGS (continued)

   (b) Direct off-shore loans (lanjutan)                                               (b) Direct off-shore loans (continued)

        Oversea-Chinese      Banking                  Corporation,                                Oversea-Chinese       Banking                       Corporation,
        Singapura (lanjutan)                                                                      Singapura (continued)

        Bank Mandiri memperoleh fasilitas pinjaman tanpa                                       Bank Mandiri obtained loan facility without collateral
        agunan dari Oversea-Chinese Bank Corporation,                                         from     Oversea-Chinese       Bank      Corporation,
        Singapura dengan nominal beragam dengan                                               Singapore with various nominal amounts with the
        tingkat bunga SOFR 3 (tiga) bulan ditambah                                            interest rate of SOFR 3 (three) months plus certain
        marjin tertentu. Fasilitas pinjaman ini memiliki                                      margin. The loan facilities have a tenor more than 1
        tenor lebih dari 1 (satu) tahun dan akan jatuh                                        (one year) and will mature on 24 December 2026
        tempo pada tanggal 24 Desember 2026 dan                                               and 26 August 2027.
        26 Agustus 2027.

      United Overseas Bank Limited, Singapura                                                  United Overseas Bank Limited, Singapore

                                                                  31 Desember 2025/31 December 2025

                                                                                                                    Nilai nominal/Nominal amount
                                                                                     Tingkat
                                                                    Jangka            suku                         Valuta asing
                                               Tanggal jatuh         waktu           bunga                         (nilai penuh)/       Setara
                             Pemberi             Tempo/             (bulan)/       per tahun/                         Foreign          Rupiah/
                            Pinjaman/            Maturity            Tenor        Interest rate       Mata uang/     currency          Rupiah
            Jenis            Lender                date            (months)        per annum          Currency     (full amount)      equivalent           Type

                                                                                  SOFR (3 bulan)
                             United Overseas                                     + marjin tertentu/
      Direct off-shore         Bank Limited,      24 Desember/                   SOFR (3 months)                                                        Direct off-shore
       loans             Singapura/Singapore     December 2026        36          + certain margin       USD           99.895.809         1.665.763             loans
                                                                                  SOFR (3 bulan)
                             United Overseas                                     + marjin tertentu/
      Direct off-shore         Bank Limited,        26 Agustus/                  SOFR (3 months)                                                        Direct off-shore
       loans             Singapura/Singapore        August 2027       36          + certain margin       USD           70.000.000         1.167.250             loans
                                                                                  SOFR (3 bulan)
                             United Overseas                                     + marjin tertentu/
      Direct off-shore         Bank Limited,        26 Agustus/                  SOFR (3 months)                                                        Direct off-shore
       loans             Singapura/Singapore        August 2027       36          + certain margin       USD           29.871.094           498.100             loans
                                                                                  SOFR (3 bulan)
                             United Overseas                                     + marjin tertentu/
      Direct off-shore         Bank Limited,      24 Desember/                   SOFR (3 months)                                                        Direct off-shore
       loans             Singapura/Singapore     December 2026        36          + certain margin       USD           28.000.000           466.900              loans
                                                                                                                      227.766.903         3.798.013


                                                                  31 Desember 2024/31 December 2024

                                                                                                                    Nilai nominal/Nominal amount
                                                                                     Tingkat
                                                                    Jangka            suku                         Valuta asing
                                               Tanggal jatuh         waktu           bunga                         (nilai penuh)/       Setara
                             Pemberi             Tempo/             (bulan)/       per tahun/                         Foreign          Rupiah/
                            Pinjaman/            Maturity            Tenor        Interest rate       Mata uang/     currency          Rupiah
            Jenis            Lender                date            (months)        per annum          Currency     (full amount)      equivalent           Type

                                                                                  SOFR (3 bulan)
                             United Overseas                                     + marjin tertentu/
      Direct off-shore         Bank Limited,      24 Desember/                   SOFR (3 months)                                                        Direct off-shore
       loans             Singapura/Singapore     December 2026        36          + certain margin       USD           99.770.783         1.605.811             loans
                                                                                  SOFR (3 bulan)
                             United Overseas                                     + marjin tertentu/
      Direct off-shore         Bank Limited,        26 Agustus/                  SOFR (3 months)                                                        Direct off-shore
       loans             Singapura/Singapore        August 2027       36          + certain margin       USD           70.000.000         1.126.650             loans
                                                                                  SOFR (3 bulan)
                             United Overseas                                     + marjin tertentu/
      Direct off-shore         Bank Limited,      24 Desember/                   SOFR (3 months)                                                        Direct off-shore
       loans             Singapura/Singapore     December 2026        36          + certain margin       USD           29.787.410           479.428             loans
                                                                                  SOFR (3 bulan)
                             United Overseas                                     + marjin tertentu/
      Direct off-shore         Bank Limited,      24 Desember/                   SOFR (3 months)                                                        Direct off-shore
       loans             Singapura/Singapore     December 2026        36          + certain margin       USD           28.000.000           450.660              loans

                                                                                                                      227.558.193         3.662.549




                                                                           289
Page 1304
                                                                                                                  The original consolidated financial statements
                                                                                                                included herein are in the Indonesian language.

        PT BANK MANDIRI (PERSERO) Tbk                                                                    PT BANK MANDIRI (PERSERO) Tbk
            DAN ENTITAS ANAKNYA                                                                                AND ITS SUBSIDIARIES
      CATATAN ATAS LAPORAN KEUANGAN                                                                       NOTES TO THE CONSOLIDATED
                 KONSOLIDASIAN                                                                                FINANCIAL STATEMENTS
       Tanggal 31 Desember 2025 dan untuk                                                                  As of 31 December 2025 and for
      Tahun Berakhir pada Tanggal Tersebut                                                                    for the Year Then Ended
         (Disajikan dalam jutaan Rupiah,                                                                  (Expressed in millions of Rupiah,
             kecuali dinyatakan lain)                                                                         unless otherwise stated)

36. PINJAMAN YANG DITERIMA (lanjutan)                                              36. FUND BORROWINGS (continued)

   (b) Direct off-shore loans (lanjutan)                                                (b) Direct off-shore loans (continued)

       United Overseas Bank Limited, Singapura                                                  United Overseas                  Bank      Limited,       Singapore
       (lanjutan)                                                                               (continued)

       Bank Mandiri memperoleh fasilitas pinjaman                                               Bank Mandiri obtained loan facility without collateral
       tanpa agunan dari United Overseas Bank Limited,                                          from United Overseas Bank Limited, Singapore with
       Singapura dengan nominal beragam dan tingkat                                             various nominal amounts with the interest rate of
       bunga SOFR 3 (tiga) bulan ditambah marjin                                                SOFR 3 (three) months plus a certain margin. The
       tertentu. Fasilitas pinjaman ini memiliki tenor lebih                                    loan facilities have a tenor more than 1 (one) year
       dari 1 (satu) tahun dan akan jatuh tempo pada                                            and will mature on 24 December 2026 to 26 August
       tanggal 24 Desember 2026 sampai 26 Agustus                                               2027.
       2027.

       Industrial and Commercial Bank of China, Ltd,                                            Industrial and Commercial Bank of China., Ltd,
       Singapura                                                                                Singapore

                                                                       31 Desember 2025/31 December 2025

                                                                                                                        Nilai nominal/Nominal amount
                                                                                        Tingkat
                                                                        Jangka           suku                          Valuta asing
                                                  Tanggal jatuh          waktu          bunga                          (nilai penuh)/       Setara
                               Pemberi              Tempo/              (bulan)/      per tahun/                          Foreign          Rupiah/
                              Pinjaman/             Maturity             Tenor       Interest rate        Mata uang/     currency          Rupiah
              Jenis            Lender                 date             (months)       per annum           Currency     (full amount)      equivalent        Type


                                                                                     SOFR (3 bulan)
                                                                                    + marjin tertentu/
       Direct off-shore       ICBC Bank., Ltd.,             26 Juli/                SOFR (3 months)                                                        Direct off-shore
        loans              Singapura/Singapore            July 2027       45         + certain margin        USD          100.000.000         1.667.500            loans
                                                                                     SOFR (3 bulan)
                                                                                    + marjin tertentu/
       Direct off-shore       ICBC Bank., Ltd.,        26 Agustus/                  SOFR (3 months)                                                        Direct off-shore
        loans              Singapura/Singapore         August 2027        36         + certain margin        USD           12.000.000           200.100            loans
                                                                                     SOFR (3 bulan)
                                                                                    + marjin tertentu/
       Direct off-shore       ICBC Bank., Ltd.,        26 Agustus/                  SOFR (3 months)                                                        Direct off-shore
        loans              Singapura/Singapore         August 2027        36         + certain margin        USD           28.000.000           466.900            loans

       Dikurangi:                                                                                                                                            Less:
       Biaya teratribusi                                                                                                                                     Unamortised
         yang belum                                                                                                                                          attributable
         diamortisasi                                                                                                          (51.563)           (860)            costs

                                                                                                                          139.948.437         2.333.640


                                                                   31 Desember 2024/31 December 2024

                                                                                                                        Nilai nominal/Nominal amount
                                                                                        Tingkat
                                                                        Jangka           suku                          Valuta asing
                                                  Tanggal jatuh          waktu          bunga                          (nilai penuh)/       Setara
                               Pemberi              Tempo/              (bulan)/      per tahun/                          Foreign          Rupiah/
                              Pinjaman/             Maturity             Tenor       Interest rate        Mata uang/     currency          Rupiah
              Jenis            Lender                 date             (months)       per annum           Currency     (full amount)      equivalent         Type
                                                                                     SOFR (3 bulan)
                                                                                    + marjin tertentu/
       Direct off-shore       ICBC Bank., Ltd.,             26 Juli/                SOFR (3 months)                                                       Direct off-shore
        loans              Singapura/Singapore            July 2027       45         + certain margin        USD          100.000.000         1.609.500            loans

                                                                                                                          100.000.000         1.609.500



       Bank Mandiri memperoleh fasilitas pinjaman                                               Bank Mandiri obtained an unsecured loan facility
       tanpa agunan dari Industrial and Commercial                                              from Industrial and Commercial Bank of China, Ltd.,
       Bank of China, Ltd, Singapura sebesar                                                    Singapore amounting to USD100,000,000 (full
       USD100.000.000 (nilai penuh) dengan tingkat                                              amount), bearing interest at the 3-month SOFR plus
       bunga SOFR 3 (tiga) bulan ditambah marjin                                                a certain margin. This loan facility will mature on
       tertentu. Fasilitas pinjaman ini akan jatuh tempo                                        26 July 2027.
       pada tanggal 26 Juli 2027.




                                                                            290
Page 1305
                                                                                                                         The original consolidated financial statements
                                                                                                                       included herein are in the Indonesian language.

        PT BANK MANDIRI (PERSERO) Tbk                                                                           PT BANK MANDIRI (PERSERO) Tbk
            DAN ENTITAS ANAKNYA                                                                                       AND ITS SUBSIDIARIES
      CATATAN ATAS LAPORAN KEUANGAN                                                                              NOTES TO THE CONSOLIDATED
                 KONSOLIDASIAN                                                                                       FINANCIAL STATEMENTS
       Tanggal 31 Desember 2025 dan untuk                                                                         As of 31 December 2025 and for
      Tahun Berakhir pada Tanggal Tersebut                                                                           for the Year Then Ended
         (Disajikan dalam jutaan Rupiah,                                                                         (Expressed in millions of Rupiah,
             kecuali dinyatakan lain)                                                                                unless otherwise stated)

36. PINJAMAN YANG DITERIMA (lanjutan)                                                    36. FUND BORROWINGS (continued)

   (b) Direct off-shore loans (lanjutan)                                                        (b) Direct off-shore loans (continued)

        Industrial and Commercial Bank of China, Ltd,                                                    Industrial and Commercial Bank of China., Ltd,
        Singapura (lanjutan)                                                                             Singapore (continued)

        Efektif per tanggal 27 Mei 2025, Bank Mandiri                                                    Effective as of 27 May 2025, Bank Mandiri has
        memiliki outstanding fasilitas pinjaman tanpa                                                    outstanding unsecured loan facilities from Industrial
        agunan dari Industrial and Commercial Bank of                                                    and Commercial Bank of China, Ltd., Singapore,
        China, Ltd, Singapura sebesar USD12.000.000                                                      amounting to USD12,000,000 and USD28,000,000
        dan USD28.000.000 (nilai penuh) dengan tingkat                                                   (full amounts), bearing interest at the 3-month SOFR
        bunga SOFR 3 (tiga) bulan ditambah marjin                                                        plus a certain margin. These facilities originated from
        tertentu, yang berasal dari pengalihan sebagian                                                  the transfer of a portion of the loan from The
        pinjaman The Hongkong and Shanghai Banking                                                       Hongkong and Shanghai Banking Corporation, Ltd.,
        Corporation, Ltd., Singapura. Fasilitas pinjaman                                                 Singapore. The loan facilities have a tenor of more
        ini memiliki tenor lebih dari 1 (satu) tahun dan akan                                            than one (1) year and will mature on 26 August 2027.
        jatuh tempo pada tanggal 26 Agustus 2027.

        Bank of Communications, Singapura                                                                Bank of Communications, Singapore
                                                                          31 Desember 2025/31 December 2025

                                                                                                                                   Nilai nominal/Nominal amount
                                                                                                Tingkat
                                                                             Jangka              suku                            Valuta asing
                                                     Tanggal jatuh            waktu             bunga                            (nilai penuh)/         Setara
                                 Pemberi               Tempo/                (bulan)/         per tahun/                            Foreign            Rupiah/
                                Pinjaman/              Maturity               Tenor          Interest rate       Mata uang/        currency            Rupiah
               Jenis             Lender                  date               (months)          per annum          Currency        (full amount)        equivalent             Type
                                                                                            SOFR (3 bulan)
                                         Bank Of                                           + marjin tertentu/
        Direct off-shore        Communications,            27 Agustus/                     SOFR (3 months)                                                                Direct off-shore
         loans               Singapura/Singapore           August 2027           45         + certain margin        USD              100.000.000          1.667.500                loans

                                                                                                                                     100.000.000          1.667.500


                                                                      31 Desember 2024/31 December 2024

                                                                                                                               Nilai nominal/Nominal amount
                                                                                            Tingkat
                                                                          Jangka             suku                              Valuta asing
                                                   Tanggal jatuh           waktu            bunga                             (nilai penuh)/         Setara
                               Pemberi               Tempo/               (bulan)/        per tahun/                             Foreign            Rupiah/
                              Pinjaman/              Maturity              Tenor         Interest rate       Mata uang/         currency            Rupiah
            Jenis              Lender                  date              (months)         per annum          Currency         (full amount)        equivalent            Type
                                                                                         SOFR (3 bulan)
                                       Bank Of                                          + marjin tertentu/
      Direct off-shore        Communications,           27 Agustus/                     SOFR (3 months)                                                               Direct off-shore
       loans               Singapura/Singapore          August 2027         45           + certain margin        USD             100.000.000           1.609.500               loans

                                                                                                                                 100.000.000           1.609.500



        Bank Mandiri memperoleh fasilitas pinjaman                                                       Bank Mandiri obtained an unsecured loan facility
        tanpa agunan dari Bank of Communications,                                                        from Bank of Communications, Singapore
        Singapura sebesar USD100.000.000 (nilai penuh)                                                   amounting to USD100,000,000 (full amount),
        dengan tingkat bunga SOFR 3 (tiga) bulan                                                         bearing interest at the 3-month SOFR plus a certain
        ditambah marjin tertentu. Fasilitas pinjaman ini                                                 margin. This loan facility will mature on 27 August
        akan jatuh tempo pada tanggal 27 Agustus 2027.                                                   2027.




                                                                                  291
Page 1306
                                                                                                                      The original consolidated financial statements
                                                                                                                    included herein are in the Indonesian language.

        PT BANK MANDIRI (PERSERO) Tbk                                                                      PT BANK MANDIRI (PERSERO) Tbk
            DAN ENTITAS ANAKNYA                                                                                  AND ITS SUBSIDIARIES
      CATATAN ATAS LAPORAN KEUANGAN                                                                         NOTES TO THE CONSOLIDATED
                 KONSOLIDASIAN                                                                                  FINANCIAL STATEMENTS
       Tanggal 31 Desember 2025 dan untuk                                                                    As of 31 December 2025 and for
      Tahun Berakhir pada Tanggal Tersebut                                                                      for the Year Then Ended
         (Disajikan dalam jutaan Rupiah,                                                                    (Expressed in millions of Rupiah,
             kecuali dinyatakan lain)                                                                           unless otherwise stated)

36. PINJAMAN YANG DITERIMA (lanjutan)                                                 36. FUND BORROWINGS (continued)

   (b) Direct off-shore loans (lanjutan)                                                     (b) Direct off-shore loans (continued)

        China   Construction                    Bank     Corporation,                                  China   Construction                 Bank           Corporation,
        Singapura                                                                                      Singapore

                                                                       31 Desember 2025/31 December 2025

                                                                                                                         Nilai nominal/Nominal amount
                                                                                          Tingkat
                                                                         Jangka            suku                         Valuta asing
                                                  Tanggal jatuh           waktu           bunga                         (nilai penuh)/       Setara
                             Pemberi                Tempo/               (bulan)/       per tahun/                         Foreign          Rupiah/
                            Pinjaman/               Maturity              Tenor        Interest rate       Mata uang/     currency          Rupiah
            Jenis            Lender                   date              (months)        per annum          Currency     (full amount)      equivalent           Type

                                                                                       SOFR (3 bulan)
                           China Construction                                         + marjin tertentu/
      Direct off-shore      Bank Corporation,        30 Desember/                     SOFR (3 months)                                                        Direct off-shore
       loans             Singapura/Singapore        December 2027          36          + certain margin       USD          100.000.000         1.667.500              loans

                                                                                                                           100.000.000         1.667.500



                                                                       31 Desember 2024/31 December 2024

                                                                                                                         Nilai nominal/Nominal amount
                                                                                          Tingkat
                                                                         Jangka            suku                         Valuta asing
                                                  Tanggal jatuh           waktu           bunga                         (nilai penuh)/       Setara
                             Pemberi                 Tempo/              (bulan)/       per tahun/                         Foreign          Rupiah/
                            Pinjaman/               Maturity              Tenor        Interest rate       Mata uang/     currency          Rupiah
            Jenis            Lender                   date              (months)        per annum          Currency     (full amount)      equivalent           Type
                                                                                       SOFR (3 bulan)
                           China Construction                                         + marjin tertentu/
     Direct off-shore       Bank Corporation,       30 Desember/                      SOFR (3 months)                                                        Direct off-shore
      loans              Singapura/Singapore       December 2027           36          + certain margin       USD          100.000.000        1.609.500               loans


                                                                                                                            100.000.000        1.609.500




        Bank       Mandiri       memperoleh        fasilitas                                            Bank Mandiri obtained loan facility without
        pinjaman tanpa agunan dari China Construction                                                   collateral from China Construction Bank
        Bank      Corporation,     Singapura      sebesar                                               Corporation,      Singapore        amounting
        USD100.000.000 (nilai penuh) dengan tingkat                                                     USD100,000,000 (full amount) with the interest
        bunga SOFR 3 (tiga) bulan ditambah marjin                                                       rate of SOFR 3 (three) months plus a certain
        tertentu. Fasilitas pinjaman ini akan jatuh tempo                                               margin. The loan facility will mature on
        pada tanggal 30 Desember 2027.                                                                  30 December 2027.

        CTBC Bank Co., Ltd, Singapura                                                                  CTBC Bank Co., Ltd, Singapore

                                                                       31 Desember 2025/31 December 2025

                                                                                                                         Nilai nominal/Nominal amount
                                                                                          Tingkat
                                                                         Jangka            suku                         Valuta asing
                                                  Tanggal jatuh           waktu           bunga                         (nilai penuh)/       Setara
                              Pemberi               Tempo/               (bulan)/       per tahun/                         Foreign          Rupiah/
                             Pinjaman/              Maturity              Tenor        Interest rate       Mata uang/     currency          Rupiah
             Jenis            Lender                  date              (months)        per annum          Currency     (full amount)      equivalent           Type
                                                                                       SOFR (3 bulan)
                                                                                      + marjin tertentu/
      Direct off-shore   CTBC Bank Co., Ltd.                30 Juli/                  SOFR (3 months)                                                        Direct off-shore
       loans             Singapura/Singapore              July 2027        45          + certain margin       USD          100.000.000         1.667.500              loans

                                                                                                                           100.000.000         1.667.500




                                                                                292
Page 1307
                                                                                                                   The original consolidated financial statements
                                                                                                                 included herein are in the Indonesian language.

        PT BANK MANDIRI (PERSERO) Tbk                                                                   PT BANK MANDIRI (PERSERO) Tbk
            DAN ENTITAS ANAKNYA                                                                               AND ITS SUBSIDIARIES
      CATATAN ATAS LAPORAN KEUANGAN                                                                      NOTES TO THE CONSOLIDATED
                 KONSOLIDASIAN                                                                               FINANCIAL STATEMENTS
       Tanggal 31 Desember 2025 dan untuk                                                                 As of 31 December 2025 and for
      Tahun Berakhir pada Tanggal Tersebut                                                                   for the Year Then Ended
         (Disajikan dalam jutaan Rupiah,                                                                 (Expressed in millions of Rupiah,
             kecuali dinyatakan lain)                                                                        unless otherwise stated)

36. PINJAMAN YANG DITERIMA (lanjutan)                                              36. FUND BORROWINGS (continued)

   (b) Direct off-shore loans (lanjutan)                                                  (b) Direct off-shore loans (continued)

        CTBC Bank Co., Ltd, Singapura (lanjutan)                                                    CTBC Bank Co., Ltd, Singapore (continued)

                                                                    31 Desember 2024/31 December 2024

                                                                                                                      Nilai nominal/Nominal amount
                                                                                       Tingkat
                                                                      Jangka            suku                         Valuta asing
                                               Tanggal jatuh           waktu           bunga                         (nilai penuh)/       Setara
                             Pemberi             Tempo/               (bulan)/       per tahun/                         Foreign          Rupiah/
                            Pinjaman/            Maturity              Tenor        Interest rate       Mata uang/     currency          Rupiah
             Jenis           Lender                date              (months)        per annum          Currency     (full amount)      equivalent         Type
                                                                                    SOFR (3 bulan)
                                                                                   + marjin tertentu/
      Direct off-shore   CTBC Bank Co., Ltd.             30 Juli/                  SOFR (3 months)                                                      Direct off-shore
       loans             Singapura/Singapore           July 2027        45          + certain margin       USD          100.000.000         1.609.500            loans

                                                                                                                        100.000.000         1.609.500



       Bank Mandiri memperoleh fasilitas pinjaman                                                Bank Mandiri obtained loan facility without collateral
       tanpa agunan dari CTBC Bank Co., Ltd, Singapura                                           from CTBC Bank Co., Ltd, Singapore amounting
       sebesar USD100.000.000 (nilai penuh) dengan                                               USD100,000,000 (full amount) with the interest rate
       tingkat bunga SOFR 3 (tiga) bulan ditambah                                                of SOFR 3 (three) months plus a certain margin. The
       marjin tertentu. Fasilitas pinjaman ini akan jatuh                                        loan facility will mature on 30 July 2027.
       tempo pada tanggal 30 Juli 2027.

        Development Bank Singapura, Limited                                                         Development Bank Singapore, Limited
                                                                    31 Desember 2025/31 December 2025

                                                                                                                      Nilai nominal/Nominal amount
                                                                                       Tingkat
                                                                      Jangka            suku                         Valuta asing
                                               Tanggal jatuh           waktu           bunga                         (nilai penuh)/       Setara
                             Pemberi             Tempo/               (bulan)/       per tahun/                         Foreign          Rupiah/
                            Pinjaman/            Maturity              Tenor        Interest rate       Mata uang/     currency          Rupiah
             Jenis           Lender                date              (months)        per annum          Currency     (full amount)      equivalent         Type

                                                                                    SOFR (3 bulan)
                                Development                                        + marjin tertentu/
      Direct off-shore         Bank Limited,        26 Agustus /                   SOFR (3 months)                                                      Direct off-shore
       loans             Singapura/Singapore        August 2027              45     + certain margin          USD         70.000.000        1.167.250          loans
                                                                                    SOFR (3 bulan)
                                Development                                        + marjin tertentu/
      Direct off-shore         Bank Limited,        26 Agustus /                   SOFR (3 months)                                                      Direct off-shore
       loans             Singapura/Singapore        August 2027              45     + certain margin          USD         29.871.094          498.100          loans

                                                                                                                          99.871.094        1.665.350


                                                                    31 Desember 2024/31 December 2024

                                                                                                                      Nilai nominal/Nominal amount
                                                                                       Tingkat
                                                                      Jangka            suku                         Valuta asing
                                               Tanggal jatuh           waktu           bunga                         (nilai penuh)/       Setara
                             Pemberi             Tempo/               (bulan)/       per tahun/                         Foreign          Rupiah/
                            Pinjaman/            Maturity              Tenor        Interest rate       Mata uang/     currency          Rupiah
            Jenis            Lender                date              (months)        per annum          Currency     (full amount)      equivalent         Type
                                                                                    SOFR (3 bulan)
                                Development                                        + marjin tertentu/
      Direct off-shore         Bank Limited,        26 Agustus /                   SOFR (3 months)                                                      Direct off-shore
       loans             Singapura/Singapore        August 2027              45     + certain margin          USD         70.000.000        1.126.650           loans
                                                                                    SOFR (3 bulan)
                                Development                                        + marjin tertentu/
      Direct off-shore         Bank Limited,        26 Agustus /                   SOFR (3 months)                                                      Direct off-shore
       loans             Singapura/Singapore        August 2027              45     + certain margin          USD         29.787.410          479.428          loans

                                                                                                                          99.787.410        1.606.078




                                                                             293
Page 1308
                                                                                                                        The original consolidated financial statements
                                                                                                                      included herein are in the Indonesian language.

        PT BANK MANDIRI (PERSERO) Tbk                                                                         PT BANK MANDIRI (PERSERO) Tbk
            DAN ENTITAS ANAKNYA                                                                                     AND ITS SUBSIDIARIES
      CATATAN ATAS LAPORAN KEUANGAN                                                                            NOTES TO THE CONSOLIDATED
                 KONSOLIDASIAN                                                                                     FINANCIAL STATEMENTS
       Tanggal 31 Desember 2025 dan untuk                                                                       As of 31 December 2025 and for
      Tahun Berakhir pada Tanggal Tersebut                                                                         for the Year Then Ended
         (Disajikan dalam jutaan Rupiah,                                                                       (Expressed in millions of Rupiah,
             kecuali dinyatakan lain)                                                                              unless otherwise stated)

36. PINJAMAN YANG DITERIMA (lanjutan)                                                   36. FUND BORROWINGS (continued)

   (b) Direct off-shore loans (lanjutan)                                                      (b) Direct off-shore loans (continued)

       Development             Bank         Singapura,            Limited                             Development                  Bank         Singapore,             Limited
       (lanjutan)                                                                                     (continued)

       Bank Mandiri memperoleh fasilitas pinjaman                                                     Bank Mandiri obtained loan facility without collateral
       tanpa agunan dari Development Bank Limited,                                                    from Development Bank Limited, Singapore, with
       Singapura dengan nominal yang beragam dengan                                                   various nominal amounts and SOFR interest rates
       tingkat bunga SOFR 3 (tiga) bulan ditambah                                                     of 3 (three) months plus a certain margin. The loan
       marjin tertentu. Fasilitas pinjaman ini terdiri dari                                           facility consists of several loans will mature
       beberapa pinjaman yang akan jatuh tempo pada                                                   26 August 2027.
       tanggal 26 Agustus 2027.

       Taipei Fubon Bank, Singapura                                                                   Taipei Fubon Bank, Singapore
                                                                       31 Desember 2025/31 December 2025

                                                                                            Tingkat                            Nilai nominal/Nominal amount
                                                                                              suku
                                                                         Jangka              bunga                           Valuta asing
                                                  Tanggal jatuh           waktu            per tahun/                        (nilai penuh)/        Setara
                               Pemberi              Tempo/               (bulan)/           Interest                            Foreign           Rupiah/
                              Pinjaman/             Maturity              Tenor               rate             Mata uang/      currency           Rupiah
              Jenis            Lender                 date              (months)           per annum           Currency      (full amount)       equivalent           Type
                                                                                          SOFR (3 bulan)
                                                                                         + marjin tertentu/
                                  Taipei Fubon
       Direct off-shore                  Bank,          26 Agustus /                     SOFR (3 months)                                                           Direct off-shore
        loans              Singapura/Singapore          August 2027                45     + certain margin           USD           70.000.000         1.167.250            loans
                                                                                          SOFR (3 bulan)
                                                                                         + marjin tertentu/
                                  Taipei Fubon
       Direct off-shore                  Bank,          26 Agustus /                     SOFR (3 months)                                                           Direct off-shore
        loans              Singapura/Singapore          August 2027                45     + certain margin           USD           29.871.094          498.100            loans
                                                                                                                                   99.871.094         1.665.350


                                                                     31 Desember 2024/31 December 2024

                                                                                          Tingkat                            Nilai nominal/Nominal amount
                                                                                            suku
                                                                        Jangka             bunga                            Valuta asing
                                                 Tanggal jatuh           waktu           per tahun/                         (nilai penuh)/        Setara
                              Pemberi              Tempo/               (bulan)/          Interest                             Foreign           Rupiah/
                             Pinjaman/             Maturity              Tenor              rate              Mata uang/      currency           Rupiah
            Jenis             Lender                 date              (months)          per annum            Currency      (full amount)       equivalent          Type
                                                                                         SOFR (3 bulan)
                                 Taipei Fubon                                           + marjin tertentu/
      Direct off-shore                  Bank,         26 Agustus /                      SOFR (3 months)                                                           Direct off-shore
       loans              Singapura/Singapore         August 2027              45        + certain margin           USD          70.000.000         1.126.650             loans
                                                                                         SOFR (3 bulan)
                                 Taipei Fubon                                           + marjin tertentu/
      Direct off-shore                  Bank,         26 Agustus /                      SOFR (3 months)                                                           Direct off-shore
       loans              Singapura/Singapore         August 2027              45        + certain margin           USD          29.787.410           479.428            loans
                                                                                                                                 99.787.410         1.606.078



       Bank Mandiri memperoleh fasilitas pinjaman                                                    Bank Mandiri obtained loan facility without collateral
       tanpa agunan dari Taipei Fubon Bank, Singapura                                                from Taipei Fubon Bank, Singapore with various
       dengan nominal yang beragam dengan tingkat                                                    nominal amounts and SOFR interest rates of 3
       bunga SOFR 3 (tiga) bulan ditambah marjin                                                     (three) months plus a certain margin. The loan
       tertentu. Fasilitas pinjaman ini terdiri dari                                                 facility consists of several loans will mature
       beberapa pinjaman yang akan jatuh tempo pada                                                  26 August 2027.
       tanggal 26 Agustus 2027.




                                                                              294
Page 1309
                                                                                                                 The original consolidated financial statements
                                                                                                               included herein are in the Indonesian language.

        PT BANK MANDIRI (PERSERO) Tbk                                                                   PT BANK MANDIRI (PERSERO) Tbk
            DAN ENTITAS ANAKNYA                                                                               AND ITS SUBSIDIARIES
      CATATAN ATAS LAPORAN KEUANGAN                                                                      NOTES TO THE CONSOLIDATED
                 KONSOLIDASIAN                                                                               FINANCIAL STATEMENTS
       Tanggal 31 Desember 2025 dan untuk                                                                 As of 31 December 2025 and for
      Tahun Berakhir pada Tanggal Tersebut                                                                   for the Year Then Ended
         (Disajikan dalam jutaan Rupiah,                                                                 (Expressed in millions of Rupiah,
             kecuali dinyatakan lain)                                                                        unless otherwise stated)

36. PINJAMAN YANG DITERIMA (lanjutan)                                             36. FUND BORROWINGS (continued)

   (b) Direct off-shore loans (lanjutan)                                                (b) Direct off-shore loans (continued)

       The Hongkong and Shanghai                             Banking                           The Hongkong and Shanghai Banking
       Corporation, Ltd, Singapura                                                             Corporation, Ltd, Singapore
                                                                     31 Desember 2025/31 December 2025

                                                                                                                       Nilai nominal/Nominal amount
                                                                                       Tingkat
                                                                       Jangka           suku                          Valuta asing
                                                Tanggal jatuh           waktu          bunga                          (nilai penuh)/       Setara
                              Pemberi             Tempo/               (bulan)/      per tahun/                          Foreign          Rupiah/
                             Pinjaman/            Maturity              Tenor       Interest rate        Mata uang/     currency          Rupiah
              Jenis           Lender                date              (months)       per annum           Currency     (full amount)      equivalent         Type

                                                                                    SOFR (3 bulan)
                                   The HSBC                                        + marjin tertentu/
       Direct off-shore         Bank Limited,        26 Agustus /                  SOFR (3 months)                                                       Direct off-shore
        loans             Singapura/Singapore        August 2027             36     + certain margin           USD         42.000.000          700.350          loans
                                                                                    SOFR (3 bulan)
                                   The HSBC                                        + marjin tertentu/
       Direct off-shore         Bank Limited,        26 Agustus /                  SOFR (3 months)                                                       Direct off-shore
        loans             Singapura/Singapore        August 2027             36     + certain margin           USD         17.922.656          298.860          loans

                                                                                                                           59.922.656          999.210


                                                                     31 Desember 2024/31 December 2024

                                                                                                                       Nilai nominal/Nominal amount
                                                                                       Tingkat
                                                                       Jangka           suku                          Valuta asing
                                                Tanggal jatuh           waktu          bunga                          (nilai penuh)/       Setara
                              Pemberi             Tempo/               (bulan)/      per tahun/                          Foreign          Rupiah/
                             Pinjaman/            Maturity              Tenor       Interest rate        Mata uang/     currency          Rupiah
             Jenis            Lender                date              (months)       per annum           Currency     (full amount)      equivalent         Type

                                                                                    SOFR (3 bulan)
                                   The HSBC                                        + marjin tertentu/
       Direct off-shore         Bank Limited,        26 Agustus /                  SOFR (3 months)                                                       Direct off-shore
        loans             Singapura/Singapore        August 2027             36     + certain margin           USD         70.000.000        1.126.650           loans
                                                                                    SOFR (3 bulan)
                                   The HSBC                                        + marjin tertentu/
       Direct off-shore         Bank Limited,        26 Agustus /                  SOFR (3 months)                                                       Direct off-shore
        loans             Singapura/Singapore        August 2027             36     + certain margin           USD         29.787.410          479.428          loans

                                                                                                                           99.787.410        1.606.078




       Bank Mandiri memperoleh fasilitas pinjaman                                              Bank Mandiri obtained loan facility without collateral
       tanpa agunan dari The Hongkong and Shanghai                                             from The Hongkong and Shanghai Banking
       Banking Corporation, Ltd, Singapura, dengan                                             Corporation, Ltd, Singapore with various nominal
       nominal yang beragam dengan tingkat bunga                                               amounts and SOFR interest rates of 3 (three)
       SOFR 3 (tiga) bulan ditambah marjin tertentu.                                           months plus a certain margin. The loan facility will
       Fasilitas pinjaman ini akan jatuh tempo pada                                            mature 26 August 2027.
       tanggal 26 Agustus 2027.

       Sumitomo Mitsui Banking Corporation                                                     Sumitomo Mitsui Banking Corporation
                                                                     31 Desember 2025/31 December 2025

                                                                                                                       Nilai nominal/Nominal amount
                                                                                       Tingkat
                                                                       Jangka           suku                          Valuta asing
                                                Tanggal jatuh           waktu          bunga                          (nilai penuh)/       Setara
                              Pemberi             Tempo/               (bulan)/      per tahun/                          Foreign          Rupiah/
                             Pinjaman/            Maturity              Tenor       Interest rate        Mata uang/     currency          Rupiah
             Jenis            Lender                date              (months)       per annum           Currency     (full amount)      equivalent         Type

                                                                                    SOFR (3 bulan)
                             Sumitomo Mitsui                                       + marjin tertentu/
       Direct off-shore   Banking Corporation         14 Januari /                 SOFR (3 months)                                                       Direct off-shore
        loans                                       January 2028             36     + certain margin           USD         69.565.217        1.160.000          loans
                                                                                    SOFR (3 bulan)
                                                                                   + marjin tertentu/
       Direct off-shore      Sumitomo Mitsui          23 Januari /                 SOFR (3 months)                                                       Direct off-shore
        loans             Banking Corporation       January 2028             36     + certain margin           USD         10.434.783          174.000          loans

                                                                                                                           80.000.000        1.334.000




                                                                           295
Page 1310
                                                                                                                 The original consolidated financial statements
                                                                                                               included herein are in the Indonesian language.

        PT BANK MANDIRI (PERSERO) Tbk                                                                  PT BANK MANDIRI (PERSERO) Tbk
            DAN ENTITAS ANAKNYA                                                                              AND ITS SUBSIDIARIES
      CATATAN ATAS LAPORAN KEUANGAN                                                                     NOTES TO THE CONSOLIDATED
                 KONSOLIDASIAN                                                                              FINANCIAL STATEMENTS
       Tanggal 31 Desember 2025 dan untuk                                                                As of 31 December 2025 and for
      Tahun Berakhir pada Tanggal Tersebut                                                                  for the Year Then Ended
         (Disajikan dalam jutaan Rupiah,                                                                (Expressed in millions of Rupiah,
             kecuali dinyatakan lain)                                                                       unless otherwise stated)

36. PINJAMAN YANG DITERIMA (lanjutan)                                             36. FUND BORROWINGS (continued)

   (b) Direct off-shore loans (lanjutan)                                                (b) Direct off-shore loans (continued)
        Sumitomo          Mitsui         Banking        Corporation                                Sumitomo          Mitsui           Banking          Corporation
        (lanjutan)                                                                                 (continued)
        Bank Mandiri memperoleh fasilitas pinjaman                                                 Bank Mandiri obtained loan facility without collateral
        tanpa agunan dari Sumitomo Mitsui Banking                                                  from Sumitomo Mitsui Banking Corporation with
        Corporation dengan nominal yang beragam                                                    various nominal amounts and SOFR interest rates
        dengan tingkat bunga SOFR 3 (tiga) bulan                                                   of 3 (three) months plus a certain margin. The loan
        ditambah marjin tertentu. Fasilitas pinjaman ini                                           facility consists of several loans will mature on
        terdiri dari beberapa pinjaman yang akan jatuh                                             14 and 23 January 2028.
        tempo pada tanggal 14 dan 23 Januari 2028.

       Standard Chartered Bank, Singapura                                                      Standard Chartered Bank, Singapore

                                                                    31 Desember 2025/31 December 2025

                                                                                                                     Nilai nominal/Nominal amount
                                                                                      Tingkat
                                                                      Jangka           suku                         Valuta asing
                                                Tanggal jatuh          waktu          bunga                         (nilai penuh)/       Setara
                              Pemberi             Tempo/              (bulan)/      per tahun/                         Foreign          Rupiah/
                             Pinjaman/            Maturity             Tenor       Interest rate       Mata uang/     currency          Rupiah
             Jenis            Lender                date             (months)       per annum          Currency     (full amount)      equivalent           Type


                                                                                   SOFR (3 bulan)
                                                                                  + marjin tertentu/
       Direct off-shore    Standard Chartered         14 Januari/                 SOFR (3 months)                                                        Direct off-shore
         loans                Bank Singapore        January 2028            36     + certain margin          USD         46.086.956          768.500             loans
                                                                                   SOFR (3 bulan)
                                                                                  + marjin tertentu/
       Direct off-shore    Standard Chartered         24 Januari/                 SOFR (3 months)                                                        Direct off-shore
         loans                Bank Singapore        January 2028            36     + certain margin          USD         13.434.783          224.025             loans


                                                                                                                         59.521.739          992.525




      Efektif per tanggal 21 Maret 2025, Bank Mandiri                                              Effective as of 21 March 2025, Bank Mandiri has
      memiliki outstanding fasilitas pinjaman tanpa                                                outstanding unsecured loan facilities from Standard
      agunan dari Standard Chartered Bank, Singapura                                               Chartered Bank, Singapore, amounting to
      sebesar USD46.086.956,52 (nilai penuh) dan                                                   USD46.086.956,52          (full    amount)       and
      USD13.434.782,61 (nilai penuh) dengan tingkat                                                USD13.434.782,61 (full amount), bearing interest at
      bunga SOFR 3 (tiga) bulan ditambah marjin                                                    3 (three) month SOFR plus a certain margin, which
      tertentu, yang berasal dari pengalihan sebagian                                              originated from a partial transfer of loans from
      pinjaman Sumitomo Mitsui Banking Corporation.                                                Sumitomo Mitsui Banking Corporation.These loan
      Fasilitas pinjaman ini memiliki tenor lebih dari 1                                           facilities have tenors of more than 1 (one) year and
      (satu) tahun dan akan jatuh tempo pada tanggal                                               will mature on 14 and 24 January 2028.
      14 dan 24 Januari 2028.
        Bank of China, Singapura                                                                   Bank of China, Singapore
                                                                    31 Desember 2025/31 December 2025

                                                                                                                     Nilai nominal/Nominal amount
                                                                                      Tingkat
                                                                      Jangka           suku                         Valuta asing
                                                Tanggal jatuh          waktu          bunga                         (nilai penuh)/       Setara
                              Pemberi             Tempo/              (bulan)/      per tahun/                         Foreign          Rupiah/
                             Pinjaman/            Maturity             Tenor       Interest rate       Mata uang/     currency          Rupiah
            Jenis             Lender                date             (months)       per annum          Currency     (full amount)      equivalent           Type


                                                                                   SOFR (3 bulan)
                                                                                  + marjin tertentu/
      Direct off-shore         Bank of China,                                     SOFR (3 months)                                                        Direct off-shore
        loans             Singapura/Singapore   15 Juni/June 2026           36     + certain margin          USD          8.000.000          133.400             loans
                                                                                   SOFR (3 bulan)
                                                                                  + marjin tertentu/
      Direct off-shore         Bank of China,         18 Januari/                 SOFR (3 months)                                                        Direct off-shore
        loans             Singapura/Singapore       January 2028            36     + certain margin          USD         50.000.000          833.750             loans


                                                                                                                         58.000.000          967.150




                                                                            296
Page 1311
                                                                                                                          The original consolidated financial statements
                                                                                                                        included herein are in the Indonesian language.

        PT BANK MANDIRI (PERSERO) Tbk                                                                           PT BANK MANDIRI (PERSERO) Tbk
            DAN ENTITAS ANAKNYA                                                                                       AND ITS SUBSIDIARIES
      CATATAN ATAS LAPORAN KEUANGAN                                                                              NOTES TO THE CONSOLIDATED
                 KONSOLIDASIAN                                                                                       FINANCIAL STATEMENTS
       Tanggal 31 Desember 2025 dan untuk                                                                         As of 31 December 2025 and for
      Tahun Berakhir pada Tanggal Tersebut                                                                           for the Year Then Ended
         (Disajikan dalam jutaan Rupiah,                                                                         (Expressed in millions of Rupiah,
             kecuali dinyatakan lain)                                                                                unless otherwise stated)

36. PINJAMAN YANG DITERIMA (lanjutan)                                                     36. FUND BORROWINGS (continued)

   (b) Direct off-shore loans (lanjutan)                                                        (b) Direct off-shore loans (continued)

        Bank of China, Singapura (lanjutan)                                                                Bank of China, Singapore (continued)
                                                                        31 Desember 2024/31 December 2024

                                                                                                                               Nilai nominal/Nominal amount
                                                                                              Tingkat
                                                                          Jangka               suku                           Valuta asing
                                                    Tanggal jatuh          waktu              bunga                           (nilai penuh)/        Setara
                              Pemberi                 Tempo/              (bulan)/          per tahun/                           Foreign           Rupiah/
                             Pinjaman/                Maturity             Tenor           Interest rate        Mata uang/      currency           Rupiah
            Jenis             Lender                    date             (months)           per annum           Currency      (full amount)       equivalent          Type


                                                                                           SOFR (3 bulan)
                                                                                          + marjin tertentu/
      Direct off-shore         Bank of China,                                             SOFR (3 months)                                                          Direct off-shore
        loans             Singapura/Singapore       15 Juni/June 2026           36         + certain margin           USD           8.000.000           128.760            loans


                                                                                                                                    8.000.000           128.760




        Efektif per tanggal 15 September 2023, Bank                                                        Effective as of 15 September 2023, Bank Mandiri
        Mandiri memiliki outstanding fasilitas pinjaman                                                    has an outstanding unsecured loan facility from
        tanpa agunan dari Bank of China Ltd., Singapura                                                    Bank of China Ltd.,Singapore, amounted to
        sebesar USD8.000.000 (nilai penuh) dengan tingkat                                                  USD8,000,000 (full amount) with a SOFR 3 (three)
        bunga SOFR 3 (tiga) bulan ditambah marjin                                                          months interest rate plus a certain margin,
        tertentu, yang berasal dari pengalihan sebagian                                                    originating from the transfer of a portion of the loan
        pinjaman MUFG Bank, Ltd., Singapura. Fasilitas                                                     from MUFG Bank, Ltd., Singapore. The loan
        pinjaman ini memiliki tenor lebih dari 1 (satu) tahun                                              facilities have a tenor more than 1 (one) year and
        dan akan jatuh tempo pada tanggal 15 Juni 2026.                                                    will mature on 15 June 2026.

        Efektif per tanggal 16 Januari 2025, Bank Mandiri                                                  Effective as of 16 January 2025, Bank Mandiri has
        memiliki outstanding fasilitas pinjaman tanpa                                                      an outstanding unsecured loan facility from Bank of
        agunan dari Bank of China Ltd., Singapura sebesar                                                  China      Ltd.,    Singapore        amounting       to
        USD50.000.000 (nilai penuh) dengan tingkat bunga                                                   USD50,000,000 (full amount) with an interest rate
        SOFR 3 (tiga) bulan ditambah marjin tertentu, yang                                                 of 3 month SOFR plus a certain margin, which
        berasal dari pengalihan sebagian pinjaman MUFG                                                     resulted from the transfer of a portion of a loan from
        Bank, Ltd., Singapura. Fasilitas pinjaman ini                                                      MUFG Bank, Ltd., Singapore. This loan facility has
        memiliki tenor lebih dari 1 (satu) tahun dan akan                                                  a tenor of more than one (1) year and will mature on
        jatuh tempo pada tanggal 18 Januari 2028.                                                          18 January 2028.

        Taishin International Bank                                                                         Taishin International Bank
                                                                        31 Desember 2025/31 December 2025

                                                                                               Tingkat                           Nilai nominal/Nominal amount
                                                                                                 suku
                                                                           Jangka               bunga                          Valuta asing
                                                     Tanggal jatuh          waktu             per tahun/                       (nilai penuh)/        Setara
                               Pemberi                 Tempo/              (bulan)/            Interest                           Foreign           Rupiah/
                              Pinjaman/                Maturity             Tenor                rate            Mata uang/      currency           Rupiah
              Jenis            Lender                    date             (months)            per annum          Currency      (full amount)       equivalent          Type


                                                                                            SOFR (3 bulan)
                                                                                           + marjin tertentu/
       Direct off-shore     Taishin International        24 Desember/                      SOFR (3 months)                                                          Direct off-shore
          loans                            Bank,        December 2026                36     + certain margin           USD           49.983.328          833.473             loans


                                                                                                                                     49.983.328          833.473




                                                                                297
Page 1312
                                                                                                                   The original consolidated financial statements
                                                                                                                 included herein are in the Indonesian language.

        PT BANK MANDIRI (PERSERO) Tbk                                                                     PT BANK MANDIRI (PERSERO) Tbk
            DAN ENTITAS ANAKNYA                                                                                 AND ITS SUBSIDIARIES
      CATATAN ATAS LAPORAN KEUANGAN                                                                        NOTES TO THE CONSOLIDATED
                 KONSOLIDASIAN                                                                                 FINANCIAL STATEMENTS
       Tanggal 31 Desember 2025 dan untuk                                                                   As of 31 December 2025 and for
      Tahun Berakhir pada Tanggal Tersebut                                                                     for the Year Then Ended
         (Disajikan dalam jutaan Rupiah,                                                                   (Expressed in millions of Rupiah,
             kecuali dinyatakan lain)                                                                          unless otherwise stated)

36. PINJAMAN YANG DITERIMA (lanjutan)                                               36. FUND BORROWINGS (continued)

   (b) Direct off-shore loans (lanjutan)                                                  (b) Direct off-shore loans (continued)

       Taishin International Bank (lanjutan)                                                     Taishin International Bank (continued)
                                                                       31 Desember 2024/31 December 2024

                                                                                        Tingkat                          Nilai nominal/Nominal amount
                                                                                          suku                          Valuta asing
                                                                         Jangka          bunga
                                                   Tanggal jatuh          waktu        per tahun/                       (nilai penuh)/       Setara
                              Pemberi                Tempo/              (bulan)/       Interest                           Foreign          Rupiah/
                             Pinjaman/               Maturity             Tenor           rate             Mata uang/     currency          Rupiah
              Jenis           Lender                   date             (months)       per annum           Currency     (full amount)      equivalent         Type

                                                                                      SOFR (3 bulan)
                                                                                     + marjin tertentu/
       Direct off-shore    Taishin International      24 Desember/                   SOFR (3 months)                                                       Direct off-shore
          loans                            Bank      December 2026             36     + certain margin           USD         50.000.000          804.750            loans
       Dikurangi:                                                                                                                                                    Less:
       Biaya teratribusi                                                                                                                                    Unamortised
         yang belum                                                                                                                                         attributable
         diamortisasi                                                                                                           (33.339)           (537)           costs


                                                                                                                             49.966.661          804.213




       Bank Mandiri memperoleh fasilitas pinjaman                                                Bank Mandiri obtained loan facility without collateral
       tanpa agunan dari Taishin International Bank,                                             from Taishin International Bank, Singapore
       Singapura sebesar USD50.000.000 (nilai penuh)                                             amounted to USD50,000,000 (full amount), with the
       dengan tingkat bunga SOFR 3 (tiga) bulan                                                  interest rate of SOFR 3 (three) months plus certain
       ditambah marjin tertentu. Fasilitas pinjaman ini                                          margin. The loan facilities have a tenor more than 1
       memiliki tenor lebih dari 1 (satu) tahun dan akan                                         (one year) and will mature on 24 December 2026.
       jatuh tempo pada tanggal 24 Desember 2026.

       Bank of Taiwan                                                                            Bank of Taiwan
                                                                       31 Desember 2025/31 December 2025

                                                                                                                         Nilai nominal/Nominal amount
                                                                                         Tingkat
                                                                         Jangka           suku                          Valuta asing
                                                   Tanggal jatuh          waktu          bunga                          (nilai penuh)/       Setara
                              Pemberi                Tempo/              (bulan)/      per tahun/                          Foreign          Rupiah/
                             Pinjaman/               Maturity             Tenor       Interest rate        Mata uang/     currency          Rupiah
              Jenis           Lender                   date             (months)       per annum           Currency     (full amount)      equivalent         Type


                                                                                      SOFR (3 bulan)
                                                                                     + marjin tertentu/
       Direct off-shore                                                              SOFR (3 months)                                                       Direct off-shore
         loans                 Bank of Taiwan      15 Juni/June 2026           36     + certain margin           USD         34.974.720          583.204            loans

                                                                                      SOFR (3 bulan)
                                                                                     + marjin tertentu/
       Direct off-shore                                                              SOFR (3 months)                                                       Direct off-shore
         loans                 Bank of Taiwan      15 Juni/June 2026           36     + certain margin           USD          9.992.777          166.630            loans

                                                                                                                             44.967.497          749.834




                                                                       31 Desember 2024/31 December 2024

                                                                                                                         Nilai nominal/Nominal amount
                                                                                         Tingkat
                                                                         Jangka           suku                          Valuta asing
                                                   Tanggal jatuh          waktu          bunga                          (nilai penuh)/       Setara
                              Pemberi                Tempo/              (bulan)/      per tahun/                          Foreign          Rupiah/
                             Pinjaman/               Maturity             Tenor       Interest rate        Mata uang/     currency          Rupiah
              Jenis           Lender                   date             (months)       per annum           Currency     (full amount)      equivalent         Type


                                                                                      SOFR (3 bulan)
                                                                                     + marjin tertentu/
       Direct off-shore                                                              SOFR (3 months)                                                       Direct off-shore
         loans                 Bank of Taiwan      15 Juni/June 2026           36     + certain margin           USD         35.000.000          563.325            loans

                                                                                      SOFR (3 bulan)
                                                                                     + marjin tertentu/
       Direct off-shore                                                              SOFR (3 months)                                                       Direct off-shore
         loans                 Bank of Taiwan      15 Juni/June 2026           36     + certain margin           USD         10.000.000          160.950            loans

                                                                                                                             45.000.000          724.275




                                                                             298
Page 1313
                                                                                                                              The original consolidated financial statements
                                                                                                                            included herein are in the Indonesian language.

        PT BANK MANDIRI (PERSERO) Tbk                                                                              PT BANK MANDIRI (PERSERO) Tbk
            DAN ENTITAS ANAKNYA                                                                                          AND ITS SUBSIDIARIES
      CATATAN ATAS LAPORAN KEUANGAN                                                                                 NOTES TO THE CONSOLIDATED
                 KONSOLIDASIAN                                                                                          FINANCIAL STATEMENTS
       Tanggal 31 Desember 2025 dan untuk                                                                            As of 31 December 2025 and for
      Tahun Berakhir pada Tanggal Tersebut                                                                              for the Year Then Ended
         (Disajikan dalam jutaan Rupiah,                                                                            (Expressed in millions of Rupiah,
             kecuali dinyatakan lain)                                                                                   unless otherwise stated)

36. PINJAMAN YANG DITERIMA (lanjutan)                                                        36. FUND BORROWINGS (continued)

   (b) Direct off-shore loans (lanjutan)                                                           (b) Direct off-shore loans (continued)

        Bank of Taiwan (lanjutan)                                                                             Bank of Taiwan (continued)

       Efektif per tanggal 15 September 2023, Bank                                                            Effective as of 15 September 2023, Bank Mandiri
       Mandiri memiliki outstanding fasilitas pinjaman                                                        has an outstanding unsecured loan facility from
       tanpa agunan dari Bank of Taiwan Ltd., Offshore                                                        Bank of Taiwan Ltd., Offshore Banking, amounted
       Banking sebesar USD35.000.000 (nilai penuh) dan                                                        to USD35,000,000 (full amount), and from Bank of
       Bank of Taiwan Ltd., Singapura USD10.000.000                                                           Taiwan       Ltd.,   Singapore,      amounted       to
       (nilai penuh) dengan tingkat bunga SOFR 3 (tiga)                                                       USD10,000,000 (full amount), with a SOFR
       bulan ditambah marjin tertentu, yang berasal dari                                                      3 (three) months interest rate plus a certain margin,
       pengalihan sebagian pinjaman MUFG Bank, Ltd.,                                                          originating from the transfer of a portion of the loan
       Singapura. Fasilitas pinjaman ini memiliki tenor                                                       from MUFG Bank, Ltd., Singapore. The loan
       lebih dari 1 (satu) tahun dan akan jatuh tempo pada                                                    facilities have a tenor more than 1 (one) year and
       tanggal 15 Juni 2026.                                                                                  will mature on 15 June 2026.

      Saudi National Bank Singapura                                                                      Saudi National Bank Singapore
                                                                           31 Desember 2025/31 December 2025

                                                                                                                                   Nilai nominal/Nominal amount
                                                                                                 Tingkat
                                                                             Jangka               suku                            Valuta asing
                                                     Tanggal jatuh            waktu              bunga                            (nilai penuh)/        Setara
                                  Pemberi              Tempo/                (bulan)/          per tahun/                            Foreign           Rupiah/
                                 Pinjaman/             Maturity               Tenor           Interest rate        Mata uang/       currency           Rupiah
            Jenis                 Lender                 date               (months)           per annum           Currency       (full amount)       equivalent          Type
                                                                                              SOFR (3 bulan)
                                                                                             + marjin tertentu/
      Direct off-shore                                     14 Januari/                       SOFR (3 months)                                                            Direct off-shore
       loans         Saudi National Bank Singapore       January 2028          36             + certain margin        USD             43.478.261           725.000                    loans

                                                                                                                                      43.478.261           725.000



        Efektif per tanggal 24 Juni 2025, Bank Mandiri                                                        Effective as of 24 June 2025, Bank Mandiri has an
        memiliki outstanding fasilitas pinjaman tanpa                                                         outstanding unsecured loan facility from Saudi
        agunan dari Saudi National Bank, Singapura                                                            National Bank Singapore, Offshore Banking,
        sebesar USD43.478.260,87 (nilai penuh) dengan                                                         amounted to USD 43,478,260.87 (full amount), with
        tingkat bunga SOFR 3 (tiga) bulan ditambah                                                            a SOFR 3 (three) months interest rate plus a certain
        marjin tertentu, yang berasal dari pengalihan                                                         margin, originating from the transfer of a portion of
        sebagian pinjaman Standard Chartered Bank                                                             the loan from Standard Chartered Bank Singapore.
        Limited, Singapura. Fasilitas pinjaman ini memiliki                                                   The loan facility has a tenor of more than 1 (one)
        tenor lebih dari 1 (satu) tahun dan akan jatuh                                                        year and will mature on 14 January 2028.
        tempo pada tanggal 14 Januari 2028.

        DZ Bank Singapura                                                                                     DZ Bank Singapore
                                                                            31 Desember 2025/31 December 2025

                                                                                                                                     Nilai nominal/Nominal amount
                                                                                                   Tingkat
                                                                              Jangka                suku                           Valuta asing
                                                      Tanggal jatuh            waktu               bunga                           (nilai penuh)/        Setara
                                   Pemberi              Tempo/                (bulan)/           per tahun/                           Foreign           Rupiah/
                                  Pinjaman/             Maturity               Tenor            Interest rate       Mata uang/       currency           Rupiah
              Jenis                Lender                 date               (months)            per annum          Currency       (full amount)       equivalent           Type


                                                                                               SOFR (3 bulan)
                                                                                              + marjin tertentu/
       Direct off-shore                                      14 Januari/                      SOFR (3 months)                                                            Direct off-shore
         loans                   DZ Bank Singapore         January 2028                 36     + certain margin             USD          17.391.304          290.000              loans

                                                                                               SOFR (3 bulan)
                                                                                              + marjin tertentu/
       Direct off-shore                                      24 Januari/                      SOFR (3 months)                                                            Direct off-shore
         loans                   DZ Bank Singapore         January 2028                 36     + certain margin             USD           2.608.696            43.500             loans

                                                                                                                                         20.000.000          333.500




                                                                                    299
Page 1314
                                                                                                                The original consolidated financial statements
                                                                                                              included herein are in the Indonesian language.

        PT BANK MANDIRI (PERSERO) Tbk                                                                  PT BANK MANDIRI (PERSERO) Tbk
            DAN ENTITAS ANAKNYA                                                                              AND ITS SUBSIDIARIES
      CATATAN ATAS LAPORAN KEUANGAN                                                                     NOTES TO THE CONSOLIDATED
                 KONSOLIDASIAN                                                                              FINANCIAL STATEMENTS
       Tanggal 31 Desember 2025 dan untuk                                                                As of 31 December 2025 and for
      Tahun Berakhir pada Tanggal Tersebut                                                                  for the Year Then Ended
         (Disajikan dalam jutaan Rupiah,                                                                (Expressed in millions of Rupiah,
             kecuali dinyatakan lain)                                                                       unless otherwise stated)

36. PINJAMAN YANG DITERIMA (lanjutan)                                            36. FUND BORROWINGS (continued)

   (b) Direct off-shore loans (lanjutan)                                               (b) Direct off-shore loans (continued)

       DZ Bank Singapura (lanjutan)                                                            DZ Bank Singapore (continued)

       Efektif per tanggal 13 Mei 2025, Bank Mandiri                                          Effective as of 13 May 2025, Bank Mandiri has an
       memiliki outstanding fasilitas pinjaman tanpa                                          outstanding unsecured loan facility from DZ Bank
       agunan dari DZ Bank Singapura sebesar                                                  Singapore, Offshore Banking, amounted to
       USD17.391.304,35        (nilai   penuh)      dan                                       USD17,391,304.35 (full amount), and from DZ Bank
       USD2.608.695,65 (nilai penuh) dengan tingkat                                           Singapore amounted to USD2,608,695.65 (full
       bunga SOFR 3 (tiga) bulan ditambah marjin                                              amount), with a SOFR 3 (three) months interest rate
       tertentu, yang berasal dari pengalihan sebagian                                        plus a certain margin, originating from the transfer of
       pinjaman Standard Chartered Bank Limited,                                              a portion of the loan from Standard Chartered Bank
       Singapura. Fasilitas pinjaman ini memiliki tenor                                       Singapore. The loan facilities have a tenor of more
       lebih dari 1 (satu) tahun dan akan jatuh tempo                                         than 1 (one) year and will mature on
       pada tanggal 14 dan 24 Januari 2028.                                                   14 and 24 January 2028.

       Shanghai Commercial & Savings Banks                                                     Shanghai Commercial & Savings Banks

                                                                    31 Desember 2025/31 December 2025

                                                                                                                      Nilai nominal/Nominal amount
                                                                                      Tingkat
                                                                      Jangka           suku                          Valuta asing
                                                Tanggal jatuh          waktu          bunga                          (nilai penuh)/       Setara
                              Pemberi             Tempo/              (bulan)/      per tahun/                          Foreign          Rupiah/
                             Pinjaman/            Maturity             Tenor       Interest rate        Mata uang/     currency          Rupiah
             Jenis            Lender                date             (months)       per annum           Currency     (full amount)      equivalent         Type


                                                                                   SOFR (3 bulan)
                                                                                  + marjin tertentu/
       Direct off-shore   Shanghai Commercial         14 Januari/                 SOFR (3 months)                                                       Direct off-shore
         loans               and Savings Bank       January 2028            36     + certain margin           USD         17.391.304          290.000            loans

                                                                                   SOFR (3 bulan)
                                                                                  + marjin tertentu/
       Direct off-shore   Shanghai Commercial         24 Januari/                 SOFR (3 months)                                                       Direct off-shore
         loans               and Savings Bank       January 2028            36     + certain margin           USD          2.608.696           43.500            loans

                                                                                                                          20.000.000          333.500


       Efektif per tanggal 27 Mei 2025, Bank Mandiri                                          Effective as of 27 May 2025, Bank Mandiri has an
       memiliki outstanding fasilitas pinjaman tanpa                                          outstanding unsecured loan facility from Shanghai
       agunan dari Shanghai Commercial & Savings                                              Commercial & Savings Bank, Offshore Banking,
       Banks sebesar USD17.391.304,35 (nilai penuh)                                           amounted to USD17,391,304.35 (full amount), and
       dan USD2.608.695,65 (nilai penuh)          dengan                                      from Shanghai Commercial & Savings Bank
       tingkat bunga SOFR 3 (tiga) bulan ditambah                                             amounted to USD2,608,695.65 (full amount), with a
       marjin tertentu, yang berasal dari pengalihan                                          SOFR 3 (three) months interest rate plus a certain
       sebagian pinjaman Standard Chartered Bank                                              margin, originating from the transfer of a portion of the
       Limited, Singapura. Fasilitas pinjaman ini memiliki                                    loan from Standard Chartered Bank Singapore. The
       tenor lebih dari 1 (satu) tahun dan akan jatuh                                         loan facilities have a tenor of more than 1 (one) year
       tempo pada tanggal 14 dan 24 Januari 2028.                                             and will mature on 14 and 24 January 2028




                                                                          300
Page 1315
                                                                                                                        The original consolidated financial statements
                                                                                                                      included herein are in the Indonesian language.

        PT BANK MANDIRI (PERSERO) Tbk                                                                         PT BANK MANDIRI (PERSERO) Tbk
            DAN ENTITAS ANAKNYA                                                                                     AND ITS SUBSIDIARIES
      CATATAN ATAS LAPORAN KEUANGAN                                                                            NOTES TO THE CONSOLIDATED
                 KONSOLIDASIAN                                                                                     FINANCIAL STATEMENTS
       Tanggal 31 Desember 2025 dan untuk                                                                       As of 31 December 2025 and for
      Tahun Berakhir pada Tanggal Tersebut                                                                         for the Year Then Ended
         (Disajikan dalam jutaan Rupiah,                                                                       (Expressed in millions of Rupiah,
             kecuali dinyatakan lain)                                                                              unless otherwise stated)

36. PINJAMAN YANG DITERIMA (lanjutan)                                                   36. FUND BORROWINGS (continued)

   (b) Direct off-shore loans (lanjutan)                                                      (b) Direct off-shore loans (continued)

        KEB Hana Bank, Offshore Branch                                                                   KEB Hana Bank, Offshore Branch

                                                                       31 Desember 2025/31 December 2025

                                                                                                                               Nilai nominal/Nominal amount
                                                                                              Tingkat
                                                                         Jangka                suku                          Valuta asing
                                                  Tanggal jatuh           waktu               bunga                          (nilai penuh)/        Setara
                              Pemberi               Tempo/               (bulan)/           per tahun/                          Foreign           Rupiah/
                             Pinjaman/              Maturity              Tenor            Interest rate       Mata uang/      currency           Rupiah
              Jenis           Lender                  date              (months)            per annum          Currency      (full amount)       equivalent          Type


                                                                                          SOFR (3 bulan)
                                                                                         + marjin tertentu/
       Direct off-shore       KEB Hana Bank             14 Januari/                      SOFR (3 months)                                                          Direct off-shore
         loans                Offshore Branch         January 2028                 36     + certain margin           USD            6.086.956          101.500             loans
                                                                                          SOFR (3 bulan)
                                                                                         + marjin tertentu/
       Direct off-shore       KEB Hana Bank             24 Januari/                      SOFR (3 months)                                                          Direct off-shore
         loans                Offshore Branch         January 2028                 36     + certain margin           USD              913.044            15.225              loans

                                                                                                                                    7.000.000          116.725



       Efektif per tanggal 14 Oktober 2025, Bank Mandiri                                                 Effective as of 14 October 2025, Bank Mandiri has
       memiliki outstanding fasilitas pinjaman tanpa                                                     outstanding unsecured loan facilities from KEB
       agunan dari KEB Hana Bank Offshore Branch                                                         Hana Bank, Offshore Branch, amounting to
       sebesar USD6.086.956,52 (nilai penuh) dan                                                         USD6,086,956.52         (full     amount)       and
       USD913.043,48 (nilai penuh) dengan tingkat                                                        USD913,043.48 (full amount), bearing interest at 3
       bunga SOFR 3 (tiga) bulan ditambah marjin                                                         (three) month SOFR plus a certain margin, which
       tertentu, yang berasal dari pengalihan sebagian                                                   originated from a partial transfer of loans from
       pinjaman Standard Chartered Bank Limited,                                                         Standard        Chartered       Bank       Limited,
       Singapura. Fasilitas pinjaman ini memiliki tenor                                                  Singapore.These loan facilities have tenors of more
       lebih dari 1 (satu) tahun dan akan jatuh tempo                                                    than one (1) year and will mature on 14 and
       pada tanggal 14 dan 24 Januari 2028.                                                              24 January 2028.

      China Development Bank                                                                        China Development Bank
                                                                      31 Desember 2024/31 December 2024

                                                                                                                             Nilai nominal/Nominal amount
                                                                                            Tingkat
                                                                        Jangka               suku                           Valuta asing
                                                Tanggal jatuh            waktu              bunga                           (nilai penuh)/        Setara
                             Pemberi              Tempo/                (bulan)/          per tahun/                           Foreign           Rupiah/
                            Pinjaman/             Maturity               Tenor           Interest rate        Mata uang/      currency           Rupiah
             Jenis           Lender                 date               (months)           per annum           Currency      (full amount)       equivalent         Type


                                                                                         SOFR (6 bulan)
                                                                                        + marjin tertentu/
                          China Development                                             SOFR (6 months)
      Tranche A                        Bank     15 September 2025            120         + certain margin           USD          93.447.023         1.504.030        Tranche A
      Dikurangi:                                                                                                                                                           Less:
      Biaya teratribusi                                                                                                                                            Unamortised
        yang belum                                                                                                                                                attributable
        diamortisasi                                                                                                                (63.770)           (1.026)           costs

                                                                                                                                 93.383.253         1.503.004


                                                                                         SOFR (6 bulan)
                                                                                        + marjin tertentu/
                          China Development                                             SOFR (6 months)
      Tranche B                        Bank     15 September 2025            120         + certain margin           USD          38.773.807           624.064        Tranche B

      Dikurangi:                                                                                                                                                           Less:
      Biaya teratribusi                                                                                                                                            Unamortised
        yang belum                                                                                                                                                attributable
        diamortisasi                                                                                                                 (1.105)              (17)           costs


                                                                                                                                 38.772.702           624.047




                                                                              301
Page 1316
                                                                                     The original consolidated financial statements
                                                                                   included herein are in the Indonesian language.

        PT BANK MANDIRI (PERSERO) Tbk                                       PT BANK MANDIRI (PERSERO) Tbk
            DAN ENTITAS ANAKNYA                                                   AND ITS SUBSIDIARIES
      CATATAN ATAS LAPORAN KEUANGAN                                          NOTES TO THE CONSOLIDATED
                 KONSOLIDASIAN                                                   FINANCIAL STATEMENTS
       Tanggal 31 Desember 2025 dan untuk                                     As of 31 December 2025 and for
      Tahun Berakhir pada Tanggal Tersebut                                       for the Year Then Ended
         (Disajikan dalam jutaan Rupiah,                                     (Expressed in millions of Rupiah,
             kecuali dinyatakan lain)                                            unless otherwise stated)

36. PINJAMAN YANG DITERIMA (lanjutan)                             36. FUND BORROWINGS (continued)

   (b) Direct off-shore loans (lanjutan)                             (b) Direct off-shore loans (continued)

      China Development Bank (lanjutan)                                 China Development Bank (continued)

       Pada tanggal 16 September 2015, Bank Mandiri                      On 16 September 2015, Bank Mandiri signed a
       menandatangani perjanjian fasilitas pinjaman                      long-term loan facility without collateral agreement
       jangka panjang tanpa agunan dengan China                          with China Development Bank (CDB).
       Development Bank (CDB).

       Pinjaman tersebut terbagi dalam 2 (dua) fasilitas,                The loan consists of 2 (two) facilities, which Tranche
       yaitu Tranche A berupa pinjaman langsung dari                     A Facility is a direct loan from CDB denominated in
       CDB dalam valuta USD dengan total fasilitas                       USD with a total facility of USD700,000,000 (full
       sebesar USD700.000.000 (nilai penuh) yang jatuh                   amount) which will mature in 10 (ten) years since
       tempo 10 (sepuluh) tahun setelah tanggal                          the agreement date with an interest rate of LIBOR 6
       perjanjian dengan tingkat bunga LIBOR 6 (enam)                    (six) months plus a certain margin and Tranche B is
       bulan ditambah marjin tertentu dan Tranche B                      a direct loans denominated in CNY with a total
       berupa pinjaman langsung dalam valuta CNY                         facility of CNY1,908,420,000 (full amount) maturing
       dengan total fasilitas sebesar CNY1.908.420.000                   in 10 (ten) years since the agreement date with
       (nilai penuh) yang jatuh tempo 10 (sepuluh) tahun                 SHIBOR interest rate of 6 (six) months plus certain
       setelah tanggal perjanjian dengan tingkat bunga                   margin.
       SHIBOR 6 (enam) bulan ditambah marjin tertentu.

       Pada tanggal 16 Maret 2021, Tranche B telah                       On 16 March 2021, Tranche B was converted into a
       dikonversi menjadi pinjaman dalam valuta USD                      loan in USD with a total amount of USD194,288,681
       dengan nilai sebesar USD194.288.681 (nilai                        (full amount) with an interest rate of 6 (six) months
       penuh) dengan tingkat bunga LIBOR 6 (enam)                        LIBOR plus certain margin. There is no change in
       bulan ditambah marjin tertentu. Tidak terdapat                    the maturity of the facility for this conversion.
       perubahan jatuh tempo fasilitas atas konversi ini.

       Pada    bulan   Juni   2023,     Bank   telah                     In June 2023, the Bank has signed an override
       menandatangani override agreement terkait                         agreement regarding the change in the benchmark
       perubahan suku bunga acuan dari LIBOR menjadi                     interest rate from LIBOR to SOFR Simple Daily.
       SOFR Simple Daily.

       Fasilitas pinjaman ini telah dilunasi pada tanggal                This loan facility has been fully repaid on
       8 September 2025.                                                 8 September 2025.

   (c) Fasilitas pendanaan      perdagangan     (banker’s            (c) Trade financing facilities (bankers’ acceptance)
       acceptance)

       Fasilitas pendanaan perdagangan merupakan                         Trade financing facilities represent short-term
       pinjaman jangka pendek dengan jangka waktu                        borrowings with tenors ranging between 30 days to
       mulai dari 30 hari sampai dengan 365 hari dengan                  365 days with interest rate of LIBOR or SOFR plus
       tingkat suku bunga sebesar LIBOR atau SOFR                        a certain margin. The balance are as follows:
       ditambah marjin tertentu. Rincian saldo adalah
       sebagai berikut:

                                             31 Desember 2025/      31 Desember 2024/
                                             31 December 2025       31 December 2024

      United Overseas Bank Limited,                                                             United Overseas Bank Limited,
        Singapura                                     9.004.500             7.802.646                           Singapore
      Emirates NBD Bank, Singapura                    6.586.625             7.081.800           Emirates NBD Bank, Singapore
      The Hongkong and Shanghai                                                                   The Hongkong and Shanghai
        Banking Corporation,                                                                           Banking Corporation,
        Singapura                                     5.552.775             4.735.310                           Singapore
      CoBank US, Amerika Serikat                      5.002.500             4.828.500               CoBank US, United States
      The Bank of New York Mellon,                                                               The Bank of New York Mellon,
        Singapura                                     4.835.750             3.276.781                           Singapore




                                                            302
Page 1317
                                                                                                              The original consolidated financial statements
                                                                                                            included herein are in the Indonesian language.

        PT BANK MANDIRI (PERSERO) Tbk                                                            PT BANK MANDIRI (PERSERO) Tbk
            DAN ENTITAS ANAKNYA                                                                        AND ITS SUBSIDIARIES
      CATATAN ATAS LAPORAN KEUANGAN                                                               NOTES TO THE CONSOLIDATED
                 KONSOLIDASIAN                                                                        FINANCIAL STATEMENTS
       Tanggal 31 Desember 2025 dan untuk                                                          As of 31 December 2025 and for
      Tahun Berakhir pada Tanggal Tersebut                                                            for the Year Then Ended
         (Disajikan dalam jutaan Rupiah,                                                          (Expressed in millions of Rupiah,
             kecuali dinyatakan lain)                                                                 unless otherwise stated)

36. PINJAMAN YANG DITERIMA (lanjutan)                                         36. FUND BORROWINGS (continued)

   (c) Fasilitas pendanaan             perdagangan         (banker’s               (c) Trade financing facilities (bankers’ acceptance)
       acceptance) (lanjutan)                                                          (continued)

       Fasilitas pendanaan perdagangan merupakan                                              Trade financing facilities represent short-term
       pinjaman jangka pendek dengan jangka waktu                                             borrowings with tenors ranging between 30 days to
       mulai dari 30 hari sampai dengan 365 hari dengan                                       365 days with interest rate of LIBOR or SOFR plus
       tingkat suku bunga sebesar LIBOR atau SOFR                                             a certain margin. The balance are as follows:
       ditambah marjin tertentu. Rincian saldo adalah                                         (continued)
       sebagai berikut: (lanjutan)

                                                     31 Desember 2025/            31 Desember 2024/
                                                     31 December 2025             31 December 2024

      DBS Bank, Singapura                                         3.793.563                        315.462                               DBS Bank, Singapore
      CTBC Bank Co. Ltd., Singapura                               3.468.400                      2.864.910                     CTBC Bank Co, Ltd., Singapore
      Bank of America, N.A, Singapura                             2.946.472                      1.593.405                    Bank of America, N.A., Singapore
      CIMB Bank, Hong Kong                                        1.500.661                        717.038                             CIMB Bank, Hong Kong
      OCBC Ltd., Hong Kong                                        1.327.687                              -                              OCBC Ltd., Hong Kong
      Cathay Bank, Taipei                                         1.250.570                        804.750                                 Cathay Bank, Taipei
      Korea Development Bank                                      1.083.875                              -                            Korea Development Bank
      CaixaBank, Spanyol                                            833.750                              -                                 CaixaBank, Spanyol
      DZ Bank AG, Singapura                                         833.750                              -                             DZ Bank AG, Singapore
      Standard Chartered Bank,                                                                                                       Standard Chartered Bank,
        Singapura                                                   833.750                                   -                                   Singapore
      Wells Fargo Bank, Singapura                                   833.640                                   -                   Wells Fargo Bank, Singapore
      State Bank of India, Hong Kong                                833.640                                   -                State Bank of India, Hong Kong
      Bank of China Limited, Singapura                              416.820                                   -               Bank of China Limited,Singapore
      Sumitomo Mitsui Banking                                                                                                         Sumitomo Mitsui Banking
        Corporation, Singapura                                                -                    309.024                           Corporation, Singapore
      Bank of Montreal, Kanada                                                -                  3.419.061                           Bank of Montreal, Canada
      MUFG Bank, Ltd., Singapura                                              -                  1.609.500                        MUFG Bank, Ltd., Singapore
      Bank of America, N.A, Hong Kong                                         -                  1.086.817                   Bank of America, N.A., Hong Kong

      Total                                                     50.938.728                      40.445.004                                                   Total


   (d) Term Loans                                                                  (d) Term Loans

       Mata uang asing                                                                        Foreign currency

       Mandated Lead Arrangers & Bookrunners -                                                Mandated Lead Arrangers & Bookrunners -
       United Overseas Bank Limited                                                           United Overseas Bank Limited

                                                                31 Desember 2025/31 December 2025


                                                                                                                   Nilai nominal/Nominal amount
                                                                             Tingkat
                                                             Jangka           suku                                Valuta asing
                                           Tanggal jatuh      waktu          bunga                                (nilai penuh)/       Setara
                            Pemberi           Tempo/         (bulan)/      per tahun/                                Foreign          Rupiah/
                           Pinjaman/         Maturity         Tenor       Interest rate        Mata uang/           currency          Rupiah
               Jenis        Lender             date         (months)       per annum           Currency           (full amount)      equivalent         Type



                                                                          SOFR (3 bulan)
                           Mandated Lead                                 + marjin tertentu/
                             Arrangers &    27 Desember/                 SOFR (3 months)
       Term Loans            Bookrunners   December 2027           36     + certain margin           USD            1.000.000.000        16.675.000    Term loans

       Dikurangi:                                                                                                                                                Less:
       Biaya teratribusi                                                                                                                                Unamortised
          yang belum                                                                                                                                  attributable
          diamortisasi                                                                                                 (6.753.647)        (112.617)          costs


                                                                                                                      993.246.353        16.562.383




                                                                        303
Page 1318
                                                                                                               The original consolidated financial statements
                                                                                                             included herein are in the Indonesian language.

        PT BANK MANDIRI (PERSERO) Tbk                                                             PT BANK MANDIRI (PERSERO) Tbk
            DAN ENTITAS ANAKNYA                                                                         AND ITS SUBSIDIARIES
      CATATAN ATAS LAPORAN KEUANGAN                                                                NOTES TO THE CONSOLIDATED
                 KONSOLIDASIAN                                                                         FINANCIAL STATEMENTS
       Tanggal 31 Desember 2025 dan untuk                                                           As of 31 December 2025 and for
      Tahun Berakhir pada Tanggal Tersebut                                                             for the Year Then Ended
         (Disajikan dalam jutaan Rupiah,                                                           (Expressed in millions of Rupiah,
             kecuali dinyatakan lain)                                                                  unless otherwise stated)

36. PINJAMAN YANG DITERIMA (lanjutan)                                         36. FUND BORROWINGS (continued)

   (d) Term Loans (lanjutan)                                                        (d) Term Loans (continued)

       Mata uang asing (lanjutan)                                                              Foreign currency (continued)

       Mandated Lead Arrangers & Bookrunners -                                                 Mandated Lead Arrangers & Bookrunners -
       United Overseas Bank Limited (lanjutan)                                                 United Overseas Bank Limited (continued)

                                                               31 Desember 2024/31 December 2024


                                                                                                                 Nilai nominal/Nominal amount
                                                                              Tingkat
                                                            Jangka             suku                              Valuta asing
                                           Tanggal jatuh     waktu            bunga                             (nilai penuh)/         Setara
                            Pemberi          Tempo/         (bulan)/        per tahun/                             Foreign            Rupiah/
                           Pinjaman/         Maturity        Tenor         Interest rate        Mata uang/        currency            Rupiah
               Jenis        Lender             date        (months)         per annum           Currency        (full amount)        equivalent         Type



                                                                           SOFR (3 bulan)
                           Mandated Lead                                  + marjin tertentu/
                             Arrangers &    27 Desember/                  SOFR (3 months)
       Term Loans            Bookrunners   December 2027           36      + certain margin           USD         1.000.000.000         16.095.000      Term loans

       Dikurangi:                                                                                                                                                Less:
       Biaya teratribusi                                                                                                                                Unamortised
          yang belum                                                                                                                                  attributable
          diamortisasi                                                                                                   (7.510)          (120.874)          costs

                                                                                                                    999.992.490         15.974.126




       Bank Mandiri memperoleh fasilitas pinjaman tanpa                                        Bank Mandiri obtained unsecured loan facility from
       agunan dari Australia and New Zealand Banking                                           Australia and New Zealand Banking Group Limited
       Group Limited Singapore Branch, PT Bank ANZ                                             Singapore Branch, PT Bank ANZ Indonesia, CIMB
       Indonesia, CIMB Bank Berhad Singapore Branch,                                           Bank Berhad Singapore Branch, DBS Bank Ltd.,
       DBS Bank Ltd., The Hongkong and Shanghai                                                The Hongkong and Shanghai Banking Corporation
       Banking Corporation Limited Singapore Branch,                                           Limited Singapore Branch, Oversea-Chinese
       Oversea-Chinese Banking Corporation Limited,                                            Banking Corporation Limited, and United Overseas
       dan United Overseas Bank Limited sebagai                                                Bank Limited as Mandated Lead Arrangers &
       Mandated Lead Arrangers & Bookrunners sebesar                                           Bookrunners amounted to USD1,000,000,000 (full
       USD1.000.000.000 (nilai penuh) dengan tingkat                                           amount) with a SOFR 3 (three) months interest rate
       suku bunga SOFR 3 bulan ditambah margin                                                 plus a certain margin. The loan facility has a tenor
       tertentu per tahun. Fasilitas pinjaman ini memiliki                                     more than 1 (one) year which will mature on
       tenor lebih dari 1 (satu) tahun dan akan jatuh                                          27 December 2027.
       tempo pada tanggal 27 Desember 2027.

       Mandated Lead Arrangers & Bookrunners -                                                 Mandated Lead Arrangers & Bookrunners -
       Oversea-Chinese Banking Corporation Limited                                             Oversea-Chinese Banking Corporation Limited

                                                               31 Desember 2025/31 December 2025


                                                                                                                 Nilai nominal/Nominal amount
                                                                             Tingkat
                                                            Jangka            suku                             Valuta asing
                                           Tanggal jatuh     waktu           bunga                             (nilai penuh)/          Setara
                            Pemberi           Tempo/        (bulan)/       per tahun/                             Foreign             Rupiah/
                           Pinjaman/         Maturity        Tenor        Interest rate         Mata uang/       currency             Rupiah
               Jenis        Lender             date        (months)        per annum            Currency       (full amount)         equivalent         Type



                                                                          SOFR (3 bulan)
                           Mandated Lead                                 + marjin tertentu/
                             Arrangers &    22 Desember/                 SOFR (3 months)
       Term Loans            Bookrunners   December 2028          36      + certain margin            USD           339.000.000          5.652.825     Term loans

       Dikurangi:                                                                                                                                                Less:
       Biaya teratribusi                                                                                                                                Unamortised
          yang belum                                                                                                                                  attributable
          diamortisasi                                                                                                           -                -          costs


                                                                                                                    339.000.000          5.652.825



                                                                        304
Page 1319
                                                                                                                   The original consolidated financial statements
                                                                                                                 included herein are in the Indonesian language.

        PT BANK MANDIRI (PERSERO) Tbk                                                                   PT BANK MANDIRI (PERSERO) Tbk
            DAN ENTITAS ANAKNYA                                                                               AND ITS SUBSIDIARIES
      CATATAN ATAS LAPORAN KEUANGAN                                                                      NOTES TO THE CONSOLIDATED
                 KONSOLIDASIAN                                                                               FINANCIAL STATEMENTS
       Tanggal 31 Desember 2025 dan untuk                                                                 As of 31 December 2025 and for
      Tahun Berakhir pada Tanggal Tersebut                                                                   for the Year Then Ended
         (Disajikan dalam jutaan Rupiah,                                                                 (Expressed in millions of Rupiah,
             kecuali dinyatakan lain)                                                                        unless otherwise stated)

36. PINJAMAN YANG DITERIMA (lanjutan)                                                36. FUND BORROWINGS (continued)

   (d) Term Loans (lanjutan)                                                                (d) Term Loans (continued)

        Mata uang asing (lanjutan)                                                                   Foreign currency (continued)

        Mandated Lead Arrangers & Bookrunners -                                                      Mandated Lead Arrangers & Bookrunners -
        Oversea-Chinese Banking Corporation Limited                                                  Oversea-Chinese Banking Corporation Limited
        (lanjutan)                                                                                   (continued)

        Pada tanggal 23 Desember 2025, Bank Mandiri                                                  On 23 December 2025, Bank Mandiri obtained
        memperoleh fasilitas pinjaman tanpa agunan dari                                              unsecured loan facility from Oversea-Chinese
        Oversea-Chinese Banking Corporation Limited,                                                 Banking Corporation Limited, United Overseas
        United Overseas Bank Limited, dan Wells Fargo                                                Bank Limited, and Wells Fargo Bank, National
        Bank, National Association sebagai Mandated                                                  Association as Mandated Lead Arrangers &
        Lead Arrangers & Bookrunners sebesar                                                         Bookrunners amounted to USD339,000,000 (full
        USD339.000.000 (nilai penuh) dengan tingkat                                                  amount) with a SOFR 3 (three) months interest rate
        suku bunga SOFR 3 bulan ditambah margin                                                      plus a certain margin. The loan facility has a tenor
        tertentu per tahun. Fasilitas pinjaman ini memiliki                                          more than 1 (one) year which will mature on
        tenor lebih dari 1 (satu) tahun dan akan jatuh                                               22 December 2028.
        tempo pada tanggal 22 Desember 2028.

   (e) Bilateral Loans                                                                     (e) Bilateral Loans

        Mata uang asing                                                                              Foreign currency

        Standard Chartered Bank, Jakarta                                                             Standard Chartered Bank, Jakarta

                                                                      31 Desember 2025/31 December 2025


                                                                                                                       Nilai nominal/Nominal amount
                                                                                        Tingkat
                                                                    Jangka               suku                         Valuta asing
                                                Tanggal jatuh          waktu            bunga                         (nilai penuh)/      Setara
                              Pemberi              Tempo/           (bulan)/          per tahun/                         Foreign         Rupiah/
                             Pinjaman/            Maturity           Tenor           Interest rate       Mata uang/     currency         Rupiah
             Jenis            Lender                date           (months)           per annum          Currency     (full amount)     equivalent          Type


                                                                                  SOFR (3 bulan)
                                                                                 + marjin tertentu/
                          Standard Chartered                                     SOFR (3 months)
      Bilateral Loans          Bank, Jakarta   25 Juni/June 2028           36     + certain margin              USD      100.000.000         1.667.500   Bilateral loans

      Dikurangi:                                                                                                                                                     Less:
      Biaya teratribusi                                                                                                                                     Unamortised
         yang belum                                                                                                                                       attributable
         diamortisasi                                                                                                       (672.079)         (11.207)           costs


                                                                                                                          99.327.921         1.656.293




       Bank Mandiri memperoleh fasilitas pinjaman tanpa                                              Bank Mandiri obtained unsecured loan facility from
       agunan dari Standard Chartered Bank, Jakarta                                                  Standard Chartered Bank, Jakarta amounted to
       sebesar USD100.000.000 (nilai penuh) dengan                                                   USD100,000,000 (full amount) with a SOFR 3
       tingkat suku bunga SOFR 3 bulan ditambah                                                      (three) months interest rate plus a certain margin.
       margin tertentu per tahun. Fasilitas pinjaman ini                                             The loan facility has a tenor more than 1 (one) year
       memiliki tenor lebih dari 1 (satu) tahun dan akan                                             which will mature on 25 June 2028.
       jatuh tempo pada tanggal 25 Juni 2028.




                                                                               305
Page 1320
                                                                                                             The original consolidated financial statements
                                                                                                           included herein are in the Indonesian language.

        PT BANK MANDIRI (PERSERO) Tbk                                                              PT BANK MANDIRI (PERSERO) Tbk
            DAN ENTITAS ANAKNYA                                                                          AND ITS SUBSIDIARIES
      CATATAN ATAS LAPORAN KEUANGAN                                                                 NOTES TO THE CONSOLIDATED
                 KONSOLIDASIAN                                                                          FINANCIAL STATEMENTS
       Tanggal 31 Desember 2025 dan untuk                                                            As of 31 December 2025 and for
      Tahun Berakhir pada Tanggal Tersebut                                                              for the Year Then Ended
         (Disajikan dalam jutaan Rupiah,                                                            (Expressed in millions of Rupiah,
             kecuali dinyatakan lain)                                                                   unless otherwise stated)

36. PINJAMAN YANG DITERIMA (lanjutan)                                        36. FUND BORROWINGS (continued)

   (e) Bilateral Loans (lanjutan)                                                  (e) Bilateral Loans (continued)

       Mata uang asing (lanjutan)                                                          Foreign currency (continued)

       PT Bank HSBC Indonesia                                                             PT Bank HSBC Indonesia
                                                                31 Desember 2025/31 December 2025

                                                                                 Tingkat                          Nilai nominal/Nominal amount
                                                                                   suku
                                                                  Jangka          bunga                          Valuta asing
                                             Tanggal jatuh         waktu        per tahun/                       (nilai penuh)/       Setara
                            Pemberi            Tempo/             (bulan)/       Interest                           Foreign          Rupiah/
                           Pinjaman/           Maturity            Tenor           rate             Mata uang/     currency          Rupiah
               Jenis        Lender               date            (months)       per annum           Currency     (full amount)      equivalent          Type


                                                                               SOFR (3 bulan)
                             Mandated Lead                                    + marjin tertentu/
                               Arrangers &                                   SOFR (3 months)
        Bilateral loans        Bookrunners    26 Mei/May 2028           36 + certain margin               USD       100.000.000         1.667.500     Bilateral loans
                                                                               SOFR (3 bulan)
                             Mandated Lead                                    + marjin tertentu/
                               Arrangers &                                   SOFR (3 months)
        Bilateral loans        Bookrunners    26 Mei/May 2028           36 + certain margin               USD       300.000.000         5.002.500      Bilteral loans


                                                                                                                     400.000.000        6.670.000



       Per tanggal 28 Mei 2025, Bank Mandiri                                             As of 28 May 2025, Bank Mandiri obtained unsecured
       memperoleh fasilitas pinjaman tanpa agunan dari                                   loan facility from DBS Bank Limited, HSBC Limited
       DBS Bank Limited, HSBC Limited Singapore                                          Singapore Branch, OCBC Limited, and UOB Limitied
       Branch, OCBC Limited, dan UOB Limitied sebagai                                    as Mandated Lead Arrangers & Bookrunners
       Mandated Lead Arrangers & Bookrunners sebesar                                     amounted to USD300,000,000 (full amount) and
       masing-masing USD300.000.000 (nilai penuh)                                        USD100,000,000 (full amount) with a SOFR 3 (three)
       dan USD100.000.000 (nilai penuh) dengan tingkat                                   months interest rate plus a certain margin. The loan
       suku bunga SOFR 3 bulan ditambah margin                                           facility has a tenor more than 1 (one) year which will
       tertentu per tahun. Fasilitas pinjaman ini memiliki                               mature on 26 May 2028.
       tenor lebih dari 1 (satu) tahun dan akan jatuh
       tempo pada tanggal 26 Mei 2028.

       MUFG Bank, Ltd., Jakarta                                                              MUFG Bank, Ltd., Jakarta
                                                                31 Desember 2025/31 December 2025

                                                                                                                   Nilai nominal/Nominal amount
                                                                                   Tingkat
                                                                  Jangka            suku                          Valuta asing
                                             Tanggal jatuh         waktu           bunga                         (nilai penuh)/        Setara
                            Pemberi             Tempo/            (bulan)/       per tahun/                         Foreign           Rupiah/
                           Pinjaman/           Maturity            Tenor        Interest rate       Mata uang/     currency           Rupiah
              Jenis         Lender               date            (months)        per annum          Currency     (full amount)       equivalent           Type



                           MUFG Bank Ltd.,        4 September
       Bilateral loans            Jakarta                2026           11                4,34%           USD        500.000.000         8.337.500      Bilateral loans

                                                                              SOFR (3 bulan) +
                                                                                         marjin
                                                                              tertentu/SOFR (3
                           MUFG Bank Ltd.,      22 Desember/                  months) + certain
       Bilateral loans            Jakarta      December 2028            36              margin            USD        100.000.000         1.667.500      Bilateral loans
       Biaya teratribusi                                                                                                                                Unamortised
          yang belum                                                                                                                                    attributable
         diamortisasi                                                                                                   (600.000)          (10.005)            costs
                                                                                                                     599.400.000         9.994.995




                                                                      306
Page 1321
                                                                                                           The original consolidated financial statements
                                                                                                         included herein are in the Indonesian language.

           PT BANK MANDIRI (PERSERO) Tbk                                                          PT BANK MANDIRI (PERSERO) Tbk
               DAN ENTITAS ANAKNYA                                                                      AND ITS SUBSIDIARIES
         CATATAN ATAS LAPORAN KEUANGAN                                                             NOTES TO THE CONSOLIDATED
                    KONSOLIDASIAN                                                                      FINANCIAL STATEMENTS
          Tanggal 31 Desember 2025 dan untuk                                                        As of 31 December 2025 and for
         Tahun Berakhir pada Tanggal Tersebut                                                          for the Year Then Ended
            (Disajikan dalam jutaan Rupiah,                                                        (Expressed in millions of Rupiah,
                kecuali dinyatakan lain)                                                               unless otherwise stated)

36. PINJAMAN YANG DITERIMA (lanjutan)                                          36. FUND BORROWINGS (continued)

   (e) Bilateral Loans (lanjutan)                                                   (e) Bilateral Loans (continued)

          Mata uang asing (lanjutan)                                                        Foreign currency (continued)

          MUFG Bank, Ltd., Jakarta (lanjutan)                                               MUFG Bank, Ltd., Jakarta (continued)
                                                                  31 Desember 2024/31 December 2024

                                                                                                                 Nilai nominal/Nominal amount
                                                                                    Tingkat
                                                                    Jangka           suku                       Valuta asing
                                               Tanggal jatuh         waktu          bunga                       (nilai penuh)/       Setara
                              Pemberi            Tempo/             (bulan)/      per tahun/                       Foreign          Rupiah/
                             Pinjaman/           Maturity            Tenor       Interest rate     Mata uang/     currency          Rupiah
                 Jenis        Lender               date            (months)       per annum        Currency     (full amount)      equivalent       Type



                             MUFG Bank Ltd.,       12 September
          Bilateral loans           Jakarta                2025           11              4,42%          USD       500.000.000         8.047.500   Bilateral loans


                                                                                                                   500.000.000        8.047.500



          Bank Mandiri memperoleh fasilitas pinjaman                                        Bank Mandiri obtained unsecured loan facility from
          tanpa agunan dari MUFG Bank, Ltd., Jakarta                                        MUFG Bank, Ltd., Jakarta amounted to
          sebesar USD500.000.000 (nilai penuh) dengan                                       USD500,000,000 (full amount) with fixed interest
          tingkat suku bunga tetap sebesar 4,42%. Fasilitas                                 rate of 4.42%. The loan facility has a tenor less than
          pinjaman ini memiliki tenor kurang dari                                           1 (one) year which matured on 12 September 2025.
          1 (satu) tahun dan jatuh tempo pada tanggal                                       The payment of the loan principal is fully paid on the
          12 September 2025. Pembayaran pokok pinjaman                                      maturity date.
          telah dilakukan secara penuh pada saat tanggal
          jatuh tempo.

          Bank Mandiri memperoleh fasilitas pinjaman                                        Bank Mandiri obtained unsecured loan facility from
          tanpa agunan dari MUFG Bank, Ltd., Jakarta                                        MUFG Bank, Ltd., Jakarta amounted to
          sebesar USD500.000.000 (nilai penuh) dengan                                       USD500,000,000 (full amount) with fixed interest
          tingkat suku bunga tetap sebesar 4,34%. Fasilitas                                 rate of 4.34%. The loan facility has a tenor less than
          pinjaman ini memiliki tenor kurang dari                                           1 (one) year which will mature on 4 September
          1 (satu) tahun yang akan jatuh tempo pada                                         2026.
          tanggal 4 September 2026.

          Bank Mandiri memperoleh fasilitas pinjaman                                        Bank Mandiri obtained unsecured loan facility from
          tanpa agunan dari MUFG Bank, Ltd., Jakarta                                        MUFG Bank, Ltd., Jakarta amounted to
          sebesar USD100.000.000 (nilai penuh) dengan                                       USD100,000,000 (full amount) with a SOFR 3
          tingkat suku bunga SOFR 3 bulan ditambah                                          (three) months interest rate plus a certain margin.
          margin tertentu per tahun. Fasilitas pinjaman ini                                 The loan facility has a tenor more than 1 (one) year
          memiliki tenor lebih dari 1 (satu) tahun yang akan                                which will mature on 22 December 2028.
          jatuh tempo pada tanggal 22 Desember 2028.

   (f)    Repo to maturity                                                          (f)     Repo to maturity

          Mata uang asing                                                                   Foreign currency

          Pada tanggal 30 Juni 2025, Bank Mandiri                                           On 30 June 2025, Bank Mandiri conducted a loan
          melakukan      transaksi   pinjaman    sebesar                                    transaction amounted to USD40,500,000 (full
          USD40.500.000 (nilai penuh), USD49.000.000                                        amount), USD49,000,000 (full amount) dan
          (nilai penuh) dan USD75.000.000 (nilai penuh)                                     USD75,000,000 (full amount) through repo to
          melalui skema repo to maturity dengan Standard                                    maturity scheme with Standard Chartered Bank
          Chartered Bank (SCB) Jakarta. Dalam transaksi                                     (SCB) Jakarta. In this repo to maturity transactions,
          repo to maturity ini, Bank Mandiri mengalihkan                                    Bank Mandiri transferred government bonds ROI
          obligasi pemerintah ROI 28, INDOIS 28, dan                                        28, INDOIS 28, dan INDOIS 29 to SCB Jakarta.
          INDOIS 29 kepada SCB Jakarta.




                                                                        307
Page 1322
                                                                                      The original consolidated financial statements
                                                                                    included herein are in the Indonesian language.

           PT BANK MANDIRI (PERSERO) Tbk                                     PT BANK MANDIRI (PERSERO) Tbk
               DAN ENTITAS ANAKNYA                                                 AND ITS SUBSIDIARIES
         CATATAN ATAS LAPORAN KEUANGAN                                        NOTES TO THE CONSOLIDATED
                    KONSOLIDASIAN                                                 FINANCIAL STATEMENTS
          Tanggal 31 Desember 2025 dan untuk                                   As of 31 December 2025 and for
         Tahun Berakhir pada Tanggal Tersebut                                     for the Year Then Ended
            (Disajikan dalam jutaan Rupiah,                                   (Expressed in millions of Rupiah,
                kecuali dinyatakan lain)                                          unless otherwise stated)

36. PINJAMAN YANG DITERIMA (lanjutan)                            36. FUND BORROWINGS (continued)

   (f)    Repo to maturity (lanjutan)                               (f)   Repo to maturity (continued)

          Mata uang asing (lanjutan)                                      Foreign currency (continued)

          Atas pengalihan obligasi pemerintah ROI 28,                     Upon the transfer of government bonds ROI 28,
          INDOIS 28, dan INDOIS 29 tersebut, Bank Mandiri                 INDOIS 28, dan INDOIS 29, Bank Mandiri
          mengakui tagihan sebesar nilai tunai (cash value)               recognised receivables at the amount of cash value
          dari ROI 28, INDOIS 28, dan INDOIS 29 kepada                    of ROI 28, INDOIS 28, dan INDOIS 29 to SCB
          SCB Jakarta. Fasilitas pinjaman ini memiliki tenor              Jakarta. These borrowing facilities have 3 (three)
          3 (tiga) dan 4 (empat) tahun. Pinjaman sebesar                  and 4 (four) years tenor. The borrowings amounted
          USD36.365.472 (nilai penuh), USD44.961.904                      to USD36,365,472 (full amount), USD44,961,904
          (nilai penuh), dan USD68.584.657 (nilai penuh)                  (full amount), and USD68,584,657 (full amount) will
          akan jatuh tempo sesuai dengan tanggal jatuh                    mature according to the maturity date of ROI 28,
          tempo ROI 28, INDOIS 28, dan INDOIS 29, yaitu                   INDOIS 28, dan INDOIS 29 , which on 11 January
          11 Januari 2028, 1 Maret 2028, dan                              2028, 1 March 2028, and 20 February 2029. On the
          20 Februari 2029. Pada tanggal jatuh tempo, SCB                 maturity date, SCB Jakarta will submit cash value
          Jakarta akan menyerahkan nilai tunai (USD) ke                   (USD) to Bank Mandiri at the amount of underlying
          Bank Mandiri sesuai face value underlying                       face value plus the last underlying coupon, and
          ditambah dengan kupon terakhir underlying, dan                  Bank Mandiri will send the cash value (USD) to SCB
          Bank Mandiri akan mengirimkan nilai tunai (USD)                 Jakarta at the borrowing amount plus the last
          ke SCB Jakarta sebesar jumlah pinjaman                          borrowing interest payment.
          ditambah pembayaran bunga pinjaman.

          Pada tanggal 30 Mei 2018, Bank Mandiri                          On 30 May 2018, Bank Mandiri conducted a loan
          melakukan       transaksi    pinjaman     sebesar               transaction amounted to USD37,000,000 (full
          USD37.000.000 (nilai penuh), USD40.940.000                      amount), USD40,940,000 (full amount) and
          (nilai penuh) dan USD50.000.000 (nilai penuh)                   USD50,000,000 (full amount) through repo to
          melalui skema repo to maturity dengan Nomura                    maturity scheme with Nomura Singapore Limited
          Singapore Limited (NSL). Dalam transaksi repo to                (NSL). In this repo to maturity transactions, Bank
          maturity ini, Bank Mandiri mengalihkan obligasi                 Mandiri transferred government bonds ROI 23NN,
          pemerintah ROI 23NN, ROI 24, dan ROI 25                         ROI 24, and ROI 25 to NSL. Upon the transfer of
          kepada NSL. Atas pengalihan obligasi pemerintah                 government bonds ROI 23NN, ROI 24, and ROI 25,
          ROI 23NN, ROI 24, dan ROI 25 tersebut, Bank                     Bank Mandiri recognised receivables at the amount
          Mandiri mengakui tagihan sebesar nilai tunai                    of cash value of ROI 23NN, ROI 24 and ROI 25 to
          (cash value) dari ROI 23NN, ROI 24, dan ROI 25                  NSL. These borrowing facilities have 5 (five), 6 (six),
          kepada NSL. Fasilitas pinjaman ini memiliki tenor               and 7 (seven) years tenor. The borrowings
          5 (lima), 6 (enam), dan 7 (tujuh) tahun. Pinjaman               amounted to USD24,926,000 (full amount),
          sebesar       USD24.926.000       (nilai   penuh),              USD31,270,000 (full amount), and USD34.782.000
          USD31.270.000         (nilai      penuh),     dan               (full amount) have matured according to the
          USD34.782.000 (nilai penuh) telah jatuh tempo                   maturity dates of ROI 23 NN, ROI 24, and ROI 25
          sesuai dengan tanggal jatuh tempo ROI 23 NN,                    which are on 11 January 2023, 16 January 2024,
          ROI 24, and ROI 25, yaitu11 Januari 2023,                       and 15 January 2025 respectively. On the maturity
          16 Januari 2024, dan 15 Januari 2025. Pada                      date, settlement of this transaction carried out on a
          tanggal jatuh tempo, penyelesaian transaksi ini                 net basis from borrowings and receivables between
          dilakukan secara neto dari pinjaman dan tagihan                 Bank Mandiri and NSL.
          antara Bank Mandiri dan NSL.

          Pada tanggal 31 Desember 2025 dan 2024, repo                    As of 31 December 2025 and 2024, repo to maturity
          to maturity mata uang asing masing-masing                       of foreign currencies amounted to Rp2,499,783
          sebesar Rp2.499.783 dan Rp559.816.                              and Rp559,816, respectively.

          Fasilitas pinjaman dari NSL tersebut dijamin                    This loan facilities from NSL have guaranteed by
          dengan penempatan masing-masing sebesar                         placement amounted to USDNil (full amount)
          USDNihil (nilai penuh) (31 Desember 2024                        (31 December 2024: USD1,535,315 (full amount))
          USD1.535.315 (nilai penuh)) (Catatan 6g).                       (Notes 6g).




                                                           308
Page 1323
                                                                                  The original consolidated financial statements
                                                                                included herein are in the Indonesian language.

        PT BANK MANDIRI (PERSERO) Tbk                                    PT BANK MANDIRI (PERSERO) Tbk
            DAN ENTITAS ANAKNYA                                                AND ITS SUBSIDIARIES
      CATATAN ATAS LAPORAN KEUANGAN                                       NOTES TO THE CONSOLIDATED
                 KONSOLIDASIAN                                                FINANCIAL STATEMENTS
       Tanggal 31 Desember 2025 dan untuk                                  As of 31 December 2025 and for
      Tahun Berakhir pada Tanggal Tersebut                                    for the Year Then Ended
         (Disajikan dalam jutaan Rupiah,                                  (Expressed in millions of Rupiah,
             kecuali dinyatakan lain)                                         unless otherwise stated)

36. PINJAMAN YANG DITERIMA (lanjutan)                        36. FUND BORROWINGS (continued)
   (g) Bank Indonesia                                             (g) Bank Indonesia

       Pada tanggal 30 Desember 2024, Entitas Anak                    On 30 December 2024, the Subsidiary, namely
       yaitu PT Bank Syariah Indonesia Tbk. (“BSI”)                   PT Bank Syariah Indonesia Tbk. (“BSI”) obtained a
       mendapatkan      fasilitas   penyediaan    dana                funding facility based on sharia principles from Bank
       berdasarkan prinsip syariah dari Bank Indonesia                Indonesia for liquidity management amounted to
       untuk    pengelolaan       likuiditas   sebesar                Rp11,131,252 with a profit-sharing rate of 6.25%
       Rp11.131.252 dengan persentase bagi hasil                      per annum. This facility is guaranteed by collateral
       sebesar 6,25% per tahun. Fasilitas ini dijamin                 in the form of sharia securities and will mature in
       dengan agunan berupa surat berharga yang                       less than one month with nominal Rp18,417,864.
       memenuhi prinsip syariah yang jatuh tempo
       kurang dari satu bulan dengan nominal sebesar
       Rp18.417.864.

       Pada tanggal 31 Desember 2025 dan 2024,                        As of 31 December 2025 and 2024, outstanding
       pinjaman dari Bank Indonesia masing-masing                     fund borrowings from Bank Indonesia are
       sebesar RpNihil dan Rp18.417.864.                              amounted      to RpNil  and   Rp18,417,864,
                                                                      respectively.
   (h) Lain-lain                                                  (h) Others
                                           31 Desember 2025/     31 Desember 2024/
                                           31 December 2025      31 December 2024

      Rupiah                                                                                                         Rupiah
        Pihak berelasi                                                                                     Related parties
          PT Sarana Multigriya                                                                    PT Sarana Multigriya
              Finansial (Persero)                  1.173.421             3.322.595               Finansial (Persero)
          PT Bank Negara Indonesia                                                           PT Bank Negara Indonesia
              (Persero) Tbk                        1.071.875               666.574                    (Persero) Tbk
          PT Bank Tabungan Negara                                                            PT Bank Tabungan Negara
              (Persero) Tbk                                  -             638.788                    (Persero) Tbk
                                                   2.245.296             4.627.957
        Pihak ketiga                                                                                          Third parties
          PT Bank Central Asia Tbk                 5.659.156             7.904.515           PT Bank Central Asia Tbk
          PT Bank Pan Indonesia Tbk                2.869.481             4.586.349          PT Bank Pan Indonesia Tbk
          PT Bank DKI                              1.608.064             1.285.258                         PT Bank DKI
          PT Bank Maybank                                                                             PT Bank Maybank
              Indonesia Tbk                        1.078.981             2.292.588                     Indonesia Tbk
          PT Bank Pembangunan                                                                   PT Bank Pembangunan
              Daerah Jawa Barat                    1.078.981             2.292.588               Daerah Jawa Barat
              dan Banten Tbk                       1.000.000             1.312.400                        dan Banten
          PT Bank Jago Tbk                           977.113             1.245.817                   PT Bank Jago Tbk
          PT Bank CIMB Niaga Tbk                     906.067               468.128            PT Bank CIMB Niaga Tbk
          PT Bank Danamon                                                                            PT Bank Danamon
              Indonesia Tbk                          840.197             1.008.923                     Indonesia Tbk
          MUFG Bank Ltd.                             500.000                     -                      MUFG Bank Ltd.
          PT Bank Panin Dubai Syariah                469.269               366.364        PT Bank Panin Dubai Syariah
          PT Sea Bank Indonesia                      392.525               148.706              PT Sea Bank Indonesia
          PT Bank CTBC Indonesia                     349.487               149.711            PT Bank CTBC Indonesia
          PT Bank China Construction                                                       PT Bank China Construction
              Indonesia Tbk                          330.953               534.510                     Indonesia Tbk
          PT Bank HSBC Indonesia                     300.000               300.000           PT Bank HSBC Indonesia
          PT Bank OCBC NISP                          299.800                     -                PT Bank OCBC NISP
          PT Bank Muamalat                                                                           PT Bank Muamalat
              Indonesia Tbk                          288.811               176.791                     Indonesia Tbk
          PT BPD Daerah                                                                                  PT BPD Daerah
              Istimewa Yogyakarta                    275.556               250.824             Istimewa Yogyakarta
          JP Morgan Chase Bank                       248.024                     -              JP Morgan Chase Bank
          PT Bank of India Indonesia Tbk             241.178               277.399       PT Bank of India Indonesia Tbk
          PT Bank Shinhan Indonesia                  199.663               274.366          PT Bank Shinhan Indonesia
          PT Bank BCA Syariah                        189.542               261.431                PT Bank BCA Syariah
          PT Bank Permata Tbk                        182.205               218.139                PT Bank Permata Tbk
          PT Bank Jtrust Indonesia Tbk               177.461               345.316        PT Bank Jtrust Indonesia Tbk



                                                       309
Page 1324
                                                                                  The original consolidated financial statements
                                                                                included herein are in the Indonesian language.

        PT BANK MANDIRI (PERSERO) Tbk                                    PT BANK MANDIRI (PERSERO) Tbk
            DAN ENTITAS ANAKNYA                                                AND ITS SUBSIDIARIES
      CATATAN ATAS LAPORAN KEUANGAN                                       NOTES TO THE CONSOLIDATED
                 KONSOLIDASIAN                                                FINANCIAL STATEMENTS
       Tanggal 31 Desember 2025 dan untuk                                  As of 31 December 2025 and for
      Tahun Berakhir pada Tanggal Tersebut                                    for the Year Then Ended
         (Disajikan dalam jutaan Rupiah,                                  (Expressed in millions of Rupiah,
             kecuali dinyatakan lain)                                         unless otherwise stated)

36. PINJAMAN YANG DITERIMA (lanjutan)                        36. FUND BORROWINGS (continued)
   (h) Lain-lain (lanjutan)                                       (h) Others (continued)

                                           31 Desember 2025/     31 Desember 2024/
                                           31 December 2025      31 December 2024

      Rupiah (lanjutan)                                                                                   Rupiah (continued)
        Pihak ketiga (lanjutan)                                                                     Third parties (continued)
          PT Bank Bumi Arta Tbk                      176.704               190.457               PT Bank Bumi Arta Tbk
          PT Bank KEB Hana Indonesia                 173.888               223.764         PT Bank KEB Hana Indonesia
          PT Bank QNB Indonesia Tbk                  151.807               422.143          PT Bank QNB Indonesia Tbk
          PT Bank DKI -                                                                                   PT Bank DKI -
              Unit Usaha Syariah                     146.609               109.657              Sharia Business Unit
          PT Bank Maspion Tbk                        133.190               232.897                PT Bank Maspion Tbk
          PT Bank Danamon                                                                            PT Bank Danamon
              Indonesia Tbk -                                                                        Indonesia Tbk -
              Unit Usaha Syariah                     120.103               109.688              Sharia Business Unit
          PT Bank ICBC Indonesia                     100.000                     -             PT Bank ICBC Indonesia
          PT Bank UOB Indonesia                      100.000               204.114              PT Bank UOB Indonesia
          PT Bank Resona Perdania                     99.868               166.312            PT Bank Resona Perdania
          PT Bank Jago -                                                                                 PT Bank Jago -
              Unit Usaha Syariah                      28.331                     -              Sharia Business Unit
          PT Bank Oke Indonesia Tbk                   27.904               167.648          PT Bank Oke Indonesia Tbk
          PT Maybank Syariah                          15.622                40.607                 PT Maybank Syariah
          PT Bank SMBC Tbk                                 -               200.000                  PT Bank SMBC Tbk
          PT Bank Victoria                                                                              PT Bank Victoria
              International Tbk                              -             150.000                  International Tbk
          Standard Chartered Bank                            -             100.000             Standard Chartered Bank
          PT Bank Mega Tbk                                   -              54.149                   PT Bank Mega Tbk

                                                  20.657.559            25.778.971

      Total                                       22.902.855            30.406.928                                     Total
      Mata uang asing                                                                                  Foreign currencies
        PT Bank Danamon                                                                               PT Bank Danamon
          Indonesia Tbk                              687.192             1.168.866                   Indonesia Tbk
        PT Bank Permata                                                                                PT Bank Permata
          Indonesia Tbk                              434.367               656.838                    Indonesia Tbk
        PT Bank Mizuho Indonesia                      69.915               336.458             PT Bank Mizuho Indonesia
       The Development Bank of                                                                  The Development Bank of
          Singapore Limited                                  -              48.486                Singapore Limited
        MUFG Bank, Ltd., Singapura                           -              76.770            MUFG Bank, Ltd., Singapore
      Total                                        1.191.474             2.287.418                                      Total
                                                  24.094.329            32.694.346


       Rupiah                                                         Rupiah

       PT Sarana Multigriya Finansial (Persero)                       PT Sarana Multigriya Finansial (Persero)

       Pada tanggal 27 Juli 2023 dan terakhir pada                    On 27 July 2023 and most recently on 6 March
       tanggal    6   Maret      2024,   Entitas    Anak              2024, the Subsidiary (PT Mandiri Tunas Finance)
       (PT Mandiri Tunas Finance) dan PT Sarana                       and PT Sarana Multigriya Finansial (Persero)
       Multigriya   Finansial      (Persero)     (“SMF”)              (“SMF”) signed a loan agreement where SMF
       menandatangani perjanjian kredit dimana SMF                    provided a Refinancing and Uncommitted Facility
       menyediakan      fasilitas    Refinancing     dan              Line with a total facility of Rp2,100,000 which is
       Uncommitted Facility Line dengan total fasilitas               non-revolving and subject to a rate of fixed interest
       sebesar Rp2.100.000 yang bersifat non-revolving                rate. The facility has a maturity on July 2026 to June
       dan dikenakan tingkat suku bunga tetap. Fasilitas              2027.
       tersebut memiliki jatuh tempo pada tanggal Juli
       2026 sampai dengan Juni 2027.




                                                       310
Page 1325
                                                                                  The original consolidated financial statements
                                                                                included herein are in the Indonesian language.

        PT BANK MANDIRI (PERSERO) Tbk                                    PT BANK MANDIRI (PERSERO) Tbk
            DAN ENTITAS ANAKNYA                                                AND ITS SUBSIDIARIES
      CATATAN ATAS LAPORAN KEUANGAN                                       NOTES TO THE CONSOLIDATED
                 KONSOLIDASIAN                                                FINANCIAL STATEMENTS
       Tanggal 31 Desember 2025 dan untuk                                  As of 31 December 2025 and for
      Tahun Berakhir pada Tanggal Tersebut                                    for the Year Then Ended
         (Disajikan dalam jutaan Rupiah,                                  (Expressed in millions of Rupiah,
             kecuali dinyatakan lain)                                         unless otherwise stated)

36. PINJAMAN YANG DITERIMA (lanjutan)                          36. FUND BORROWINGS (continued)
   (h) Lain-lain (lanjutan)                                       (h) Others (continued)

       Rupiah (lanjutan)                                              Rupiah (continued)

       PT Sarana Multigriya Finansial (Persero)                       PT Sarana       Multigriya     Finansial     (Persero)
       (lanjutan)                                                     (continued)

       Pada tanggal 17 Desember 2023, Entitas Anak                    On 17 December 2023, the Subsidiary (PT Mandiri
       (PT Mandiri Utama Finance) dan PT Sarana                       Utama Finance) and PT Sarana Multigriya
       Multigriya    Finansial      (Persero)    (“SMF”)              Finansial (Persero) (“SMF”) signed a loan
       menandatangani perjanjian kredit dimana SMF                    agreement where SMF provided a Refinancing
       menyediakan fasilitas Refinancing dengan total                 facility with a total facility of Rp200,000 which is
       fasilitas sebesar Rp200.000 yang bersifat                      non-revolving and subject to a rate of fixed interest
       non-revolving dan dikenakan tingkat suku bunga                 rate of 6.95%. On 15 February 2024, the Subsidiary
       tetap sebesar antara 6,95%. Pada tanggal                       re-signed a non-revolving refinancing loan facility
       15 Februari 2024 Entitas Anak menandatangani                   agreement with a maximum credit limit of
       kembali perjanjian fasilitas pinjaman refinancing              Rp750,000, subject to an interest rate of 6.80% -
       non-revolving dengan batas maksimum kredit                     7.18%. The facility has a maturity date of 13 August
       sebesar Rp750.000 yang dikenakan tingkat suku                  2027.
       bunga 6,80% - 7,18%. Fasilitas tersebut memiliki
       jatuh tempo pada tanggal 13 Agustus 2027.

       Pada tanggal 4 Mei 2024, Bank menandatangani                   On 4 May 2024, Bank signed a credit agreement
       perjanjian kredit dimana PT Sarana Multigriya                  where PT Sarana Multigriya Finansial (Persero)
       Finansial (Persero) (“SMF”) menyediakan fasilitas              (“SMF”) provided a Refinancing facility with a total
       Refinancing dengan total fasilitas sebesar                     facility of Rp1,000,000 which is non-revolving and
       Rp1.000.000 yang bersifat non-revolving dan                    subject to a fixed interest rate of 6.90%. This facility
       dikenakan tingkat suku bunga tetap sebesar                     has a term of 12 months and has been paid off by
       6,90%. Fasilitas ini memiliki jangka waktu 12 bulan            Bank.
       dan telah dilunasi oleh Bank.

       Pada tanggal 22 Januari 2025, Entitas Anak                     On 22 January 2025, the Subsidiary (PT Mandiri
       (PT Mandiri Taspen) menerima fasilitas                         Taspen) obtained a refinancing facility with a total
       refinancing dengan total fasilitas sebesar                     credit limit of Rp500,000 and a fixed interest rate of
       Rp500.000 dengan tingkat suku bunga tetap                      6.90%. The facility had a term of 24 months and
       sebesar 6,90%. Fasilitas ini memiliki jangka waktu             was fully settled on 30 June 2025.
       24 bulan dan telah dilunasi pada tanggal 30 Juni
       2025.

       Pada tanggal 31 Desember 2025 dan 2024,                        As of 31 December 2025 and 2024, outstanding
       pinjaman dari SMF masing-masing sebesar                        fund borrowings from SMF are amounting to
       Rp1.173.421 dan Rp3.322.595.                                   Rp1,173,421 and Rp3,322,595, respectively.

       PT Bank Negara Indonesia (Persero) Tbk                         PT Bank Negara Indonesia (Persero) Tbk

       Pada tanggal 18 April 2022, Entitas Anak                       On 18 April 2022, the Subsidiary (PT Mandiri Utama
       (PT Mandiri Utama Finance) memperoleh                          Finance) obtained an additional limit for a non-
       tambahan plafon fasilitas Kredit Modal Kerja non-              revolving working capital loan facility from
       revolving dari BNI dengan batas maksimum kredit                PT Bank Negara Indonesia (Persero) Tbk (“BNI”)
       sebesar Rp1.250.000 dengan tingkat suku bunga                  with a maximum credit limit of Rp1,250,000 with an
       sebesar 6,50% - 6,80% yang memiliki masa                       interest rate of 6.50% - 6.80% which has an
       kelonggaran tarik sampai dengan 18 April 2023                  undrawn period until 18 April 2023 and the tenor of
       dan tenor fasilitas maksimum hingga 4 (empat)                  the facility maximum up to 4 (four) years. Therefore
       tahun. Fasilitas tersebut akan jatuh tempo tanggal             the maturity date will be until 25 January 2027.
       25 Januari 2027.




                                                         311
Page 1326
                                                                                  The original consolidated financial statements
                                                                                included herein are in the Indonesian language.

        PT BANK MANDIRI (PERSERO) Tbk                                    PT BANK MANDIRI (PERSERO) Tbk
            DAN ENTITAS ANAKNYA                                                AND ITS SUBSIDIARIES
      CATATAN ATAS LAPORAN KEUANGAN                                       NOTES TO THE CONSOLIDATED
                 KONSOLIDASIAN                                                FINANCIAL STATEMENTS
       Tanggal 31 Desember 2025 dan untuk                                  As of 31 December 2025 and for
      Tahun Berakhir pada Tanggal Tersebut                                    for the Year Then Ended
         (Disajikan dalam jutaan Rupiah,                                  (Expressed in millions of Rupiah,
             kecuali dinyatakan lain)                                         unless otherwise stated)

36. PINJAMAN YANG DITERIMA (lanjutan)                          36. FUND BORROWINGS (continued)

   (h) Lain-lain (lanjutan)                                       (h) Others (continued)

       Rupiah (lanjutan)                                              Rupiah (continued)
       PT Bank Negara Indonesia (Persero) Tbk                        PT Bank Negara Indonesia (Persero) Tbk
       (lanjutan)                                                    (continued)
       Pada tanggal 14 November 2024, Perusahaan                      On 14 November 2024, the Company obtained an
       memperoleh tambahan plafon fasilitas pinjaman                  additional non-revolving working capital loan facility
       modal kerja non revolving dari BNI dengan batas                from BNI with a maximum credit limit of
       maksimum kredit sejumlah Rp1.000.000 dengan                    Rp1,000,000. The facility carries an interest rate
       tingkat suku bunga sebesar 6,80% - 7,30% yang                  ranging from 6.80% to 7.30%, with an availability
       memiliki masa kelonggaran tarik sampai dengan                  period up to 14 November 2025, and a maximum
       14 November 2025 dan tenor fasilitas maksimum                  facility tenor of up to 4 years.
       hingga 4 tahun.
       Pada tanggal 26 Juni 2025, Entitas Anak (PT                    On 26 June 2025, the Subsidiary (PT Mandiri Tunas
       Mandiri Tunas Finance) memperoleh plafon                       Finance) obtained a revolving Working Capital Loan
       fasilitas Kredit Modal Kerja revolving dari BNI                facility from PT Bank Negara Indonesia (Persero)
       dengan batas maksimum kredit Rp1.000.000                       Tbk (“BNI”) with a maximum credit limit of
       dengan tingkat suku bunga yang akan ditentukan                 Rp1,000,000. The interest rate will be determined at
       saat pencairan dilakukan yang memiliki masa                    the time of drawdown. This facility has a drawdown
       kelonggaran tarik sampai dengan Juni 2026                      availability period up to June 2026, with a maximum
       dengan tenor fasilitas maksimum hingga 3 (tiga)                facility tenor of up to three (3) years.
       tahun.

       Pada tanggal 31 Desember 2025 dan 2024,                        As of 31 December 2025 and 2024, outstanding
       pinjaman dari BNI masing-masing sebesar                        fund borrowings from BNI are amounted to
       Rp1.071.875 dan Rp666.574.                                     Rp1,071,875 and Rp666,574, respectively.

       PT Bank Tabungan Negara (Persero) Tbk                          PT Bank Tabungan Negara (Persero) Tbk

       Pada tanggal 16 Juni 2021, Entitas Anak (Bank                  On 16 June 2021, the subsidiary (Bank Mandiri
       Mandiri Taspen) memperoleh fasilitas kredit dari               Taspen) obtained loan facility from BTN in the form
       BTN, berupa fasilitas Term Loan (committed) - non              of Term Loan (committed) - non revolving with a
       revolving dengan jumlah maksimum sebesar                       maximum credit limit of Rp500,000. The facilities
       Rp500.000. Fasilitas tersebut digunakan untuk                  were used to the subsidiary’s working capital. This
       membiayai modal kerja perusahaan. Fasilitas ini                facility has a term of 12 months which bears interest
       memiliki jangka waktu selama 12 bulan dengan                   at 5.3% per annum. On 19 May 2022, this facility
       suku bunga 5,3% per tahun. Pada tanggal 19 Mei                 has been extended up to 29 June 2025. This loan
       2022, jangka waktu fasilitas ini telah diperpanjang            facility have been paid off at 25 June 2025.
       hingga 29 Juni 2025. Adapun pinjaman ini telah
       dilunasi pada tanggal 25 Juni 2025.
       Pada tanggal 12 Desember 2022, Entitas Anak                    On 12 December 2022, the Subsidiary (PT Mandiri
       (PT Mandiri Tunas Finance) dan BTN                             Tunas Finance) and BTN signed a non-revolving
       menandatangani perjanjian kredit sebesar                       loan agreement amounting to Rp500,000. The
       Rp500.000 yang bersifat non-revolving. Penarikan               facility was drawn on 19 December 2022, with tenor
       fasilitas dilakukan pada tanggal 19 Desember                   of 3 (three) years and interest rate of 6.00 - 7.60%.
       2022 dengan tenor 3 (tiga) tahun dan dikenakan                 The facility will mature on 19 December 2025 and
       tingkat suku bunga antara 6,00% - 7,60%.                       the amount was fully settled on 17 October 2025.
       Fasilitas tersebut jatuh tempo pada tanggal
       19 Desember 2025 dan sudah lunas pada tanggal
       17 Oktober 2025.
       Pada tanggal 31 Desember 2025 dan 2024,                        As of 31 December 2025 and 2024, the Subsidiary
       Entitas Anak telah memenuhi persyaratan dan                    has complied with the terms and conditions set out
       ketentuan yang ditetapkan dalam perjanjian                     in the loan agreement.
       pinjaman.
       Pada tanggal 31 Desember 2025 dan 2024,                        As of 31 December 2025 and 2024, outstanding
       pinjaman dari BTN masing-masing sebesar                        fund borrowings from BTN are amounted to RpNil
       RpNihil dan Rp638.788.                                         and Rp638,788, respectively.

                                                         312
Page 1327
                                                                                 The original consolidated financial statements
                                                                               included herein are in the Indonesian language.

        PT BANK MANDIRI (PERSERO) Tbk                                   PT BANK MANDIRI (PERSERO) Tbk
            DAN ENTITAS ANAKNYA                                               AND ITS SUBSIDIARIES
      CATATAN ATAS LAPORAN KEUANGAN                                      NOTES TO THE CONSOLIDATED
                 KONSOLIDASIAN                                               FINANCIAL STATEMENTS
       Tanggal 31 Desember 2025 dan untuk                                 As of 31 December 2025 and for
      Tahun Berakhir pada Tanggal Tersebut                                   for the Year Then Ended
         (Disajikan dalam jutaan Rupiah,                                 (Expressed in millions of Rupiah,
             kecuali dinyatakan lain)                                        unless otherwise stated)

36. PINJAMAN YANG DITERIMA (lanjutan)                         36. FUND BORROWINGS (continued)

   (h) Lain-lain (lanjutan)                                      (h) Others (continued)
       Rupiah (lanjutan)                                             Rupiah (continued)
       PT Bank Central Asia Tbk                                      PT Bank Central Asia Tbk

       Pada tanggal 26 Juni 2025, Entitas Anak                       On 26 June 2025, the Subsidiary (PT Bank Mandiri
       (PT Bank Mandiri Taspen) memperoleh fasilitas                 Taspen) obtained a credit facility from PT Bank
       kredit dari PT Bank Central Asia (“BCA”), berupa              Central Asia (“BCA”) in the form of a non-revolving
       fasilitas Time Loan non revolving dengan jumlah               Time Loan facility with a maximum amount of
       maksimum sebesar Rp500.000. Fasilitas tersebut                Rp500,000. The facility is intended for the
       digunakan untuk modal kerja Entitas Anak.                     Subsidiary’s working capital. The facility will mature
       Fasilitas akan jatuh tempo pada tanggal                       on 25 December 2026, with an interest rate of
       25 Desember 2026 dengan suku bunga IndONIA                    90 day IndONIA + 120 bps.
       90 hari + 120bps.
       Pada tanggal 10 Desember 2025, Bank                           On 10 December 2025, Bank obtained loan facility
       memperoleh fasilitas kredit dari BCA, berupa                  from BCA in the form of Term Loan Tranche A
       fasilitas Term Loan Tranche A (committed) - non               (committed) - non revolving with a maximum credit
       revolving dengan jumlah maksimum sebesar                      limit of Rp500,000. This facility has a term of 24
       Rp500.000. Fasilitas ini memiliki jangka waktu                months up to December 11, 2027 which bears
       selama 24 bulan hingga 11 Desember 2027                       interest of IndONIA 90 days + 110bps per annum.
       dengan suku bunga IndONIA 90 hari + 110 bps
       per tahun.
       Pada tanggal 10 Desember 2025, Bank                           On 10 December 2025, Bank obtained loan facility
       memperoleh fasilitas kredit dari BCA, berupa                  from BCA in the form of Term Loan Tranche B
       fasilitas Term Loan Tranche B (committed) - non               (committed) - non revolving with a maximum credit
       revolving dengan jumlah maksimum sebesar                      limit of Rp250,000. This facility has a term of 24
       Rp250.000. Fasilitas ini memiliki jangka waktu                months up to December 22, 2027 which bears
       selama 24 bulan hingga 22 Desember 2027                       interest of IndONIA 90 days + 110bps per annum.
       dengan suku bunga IndONIA 90 hari + 110bps per
       tahun.
       Pada bulan Januari 2020, Entitas Anak (PT Bank                In January 2020, the Subsidiary (PT Bank Mandiri
       Mandiri Taspen) memperoleh fasilitas kredit dari              Taspen) obtained a loan facility from PT Bank
       PT Bank Central Asia Tbk (“BCA”), berupa fasilitas            Central Asia Tbk (“BCA”), in the form of Term Loan
       Term Loan 1 (committed) - non-revolving dengan                1 (committed) - non-revolving facility with a
       jumlah maksimum sebesar Rp500.000. Fasilitas                  maximum amount of Rp500,000. This facility is
       tersebut digunakan untuk membiayai modal kerja                used to finance the Subsidiary's working capital.
       Entitas Anak. Fasilitas ini telah beberapa kali               This facility has been extended for a few times, the
       diperpanjang, terakhir sampai dengan tanggal                  latest term is up to January 20, 2025 which bears
       20 Januari 2025 dengan suku bunga JIBOR 3                     interest at JIBOR 3 month + 125bps, the Term Loan
       bulan + 125bps, fasilitas Term Loan (committed) -             (committed) - non revolving has been repaid by
       non revolving telah dilunasi oleh Bank Mandiri                Bank Mandiri Taspen.
       Taspen.
       Pada bulan Maret 2021, Entitas Anak                           On March 2021, the Subsidiary (PT Bank Mandiri
       (PT Bank Mandiri Taspen) memperoleh fasilitas                 Taspen) obtained a credit facility from BCA, in the
       kredit dari BCA, berupa fasilitas Term Loan 3                 form of Term Loan 3 (committed) - non-revolving
       (committed) - non-revolving dengan jumlah                     facility with maximum amount of Rp250,000. This
       maksimum sebesar Rp250.000. Fasilitas tersebut                facility is used to finance the Subsidiary's working
       digunakan untuk membiayai modal kerja Entitas                 capital. This facility has a term of 12 (twelve) months
       Anak. Fasilitas ini memiliki jangka waktu selama              until 30 June 2022 with a JIBOR interest rate of 3
       12 (dua belas) bulan hingga 30 Juni 2022 dengan               (three) months + 125bps. The Term Loan 3
       suku bunga JIBOR 3 bulan + 125bps. Fasilitas                  (committed) - non-revolving facility has matured and
       Term Loan 3 (committed) - non-revolving telah                 was fully repaid on 31 March 2025.
       jatuh tempo dan telah dilunasi pada tanggal
       31 Maret 2025.




                                                        313
Page 1328
                                                                                 The original consolidated financial statements
                                                                               included herein are in the Indonesian language.

        PT BANK MANDIRI (PERSERO) Tbk                                   PT BANK MANDIRI (PERSERO) Tbk
            DAN ENTITAS ANAKNYA                                               AND ITS SUBSIDIARIES
      CATATAN ATAS LAPORAN KEUANGAN                                      NOTES TO THE CONSOLIDATED
                 KONSOLIDASIAN                                               FINANCIAL STATEMENTS
       Tanggal 31 Desember 2025 dan untuk                                 As of 31 December 2025 and for
      Tahun Berakhir pada Tanggal Tersebut                                   for the Year Then Ended
         (Disajikan dalam jutaan Rupiah,                                 (Expressed in millions of Rupiah,
             kecuali dinyatakan lain)                                        unless otherwise stated)

36. PINJAMAN YANG DITERIMA (lanjutan)                         36. FUND BORROWINGS (continued)

   (h) Lain-lain (lanjutan)                                      (h) Others (continued)

       Rupiah (lanjutan)                                             Rupiah (continued)
       PT Bank Central Asia Tbk (lanjutan)                           PT Bank Central Asia Tbk (continued)
       Pada bulan Maret 2022, Entitas Anak                           On March 2022, the Subsidiary (PT Bank Mandiri
       (PT Bank Mandiri Taspen) memperoleh fasilitas                 Taspen) obtained a credit facility from BCA, in the
       kredit dari BCA, berupa fasilitas Term Loan 4                 form of a Term Loan 4 (committed) - non-revolving
       (committed) - non-revolving dengan jumlah                     facility with a maximum amount of Rp250,000. This
       maksimum sebesar Rp250.000. Fasilitas ini                     facility has a term of 36 (thirty six) months from the
       digunakan untuk membiayai modal kerja.                        date of the first drawdown with an interest rate of
       Pinjaman ini memiliki jangka waktu selama 36                  5.25% per annum. The Term Loan 4 (committed) -
       (tiga puluh enam) bulan dari tanggal penarikan                non-revolving facility has matured and was fully
       pertama dengan suku bunga 5,25% per tahun.                    repaid on 20 January 2025.
       Fasilitas Term Loan 4 (committed) – non-revolving
       telah jatuh tempo dan telah dilunasi pada tanggal
       20 Januari 2025.
       Pada bulan Juni 2025, Bank Mandiri Taspen                     In June 2025, Bank Mandiri Taspen obtained a
       memperoleh fasilitas kredit dari BCA, berupa                  credit facility from PT Bank Central Asia Tbk (“BCA”)
       fasilitas Term Loan 5 (committed) - non revolving             in the form of a Term Loan 5 (committed) - non-
       dengan jumlah maksimum sebesar Rp500.000.                     revolving facility with a maximum amount of
       Seluruh fasilitas tersebut digunakan untuk                    Rp500,000. The entire facility was utilized to finance
       membiayai modal kerja Bank Mandiri Taspen.                    Bank Mandiri Taspen’s working capital. The facility
       Fasilitas ini memiliki jangka waktu selama 18 bulan           has a term of 18 months until 25 December 2026
       hingga 25 Desember 2026 dengan suku bunga                     and bears an annual interest rate of 5.94%.
       5,94% per tahun.
        Pada tanggal 15 November 2022 dan terakhir                   On 15 November 2022 and most recently on 23 July
       pada tanggal 23 Juli 2025, Entitas Anak (PT                   2025, the Subsidiary (PT Mandiri Tunas Finance)
       Mandiri Tunas Finance) dan BCA telah                          and PT Bank Central Asia Tbk (“BCA”) entered into
       menandatangani perjanjian kredit dimana BCA                   credit agreements under which BCA provided
       memberikan beberapa fasilitas Installment Loan                several Installment Loan facilities and Money
       dan Pinjaman Berjangka Money Market (PBMM)                    Market Term Loan (Pinjaman Berjangka Money
       dengan total limit sebesar Rp16.500.000 yang                  Market/“PBMM”) facilities with a total limit of
       bersifat non-revolving dan revolving. Fasilitas               Rp16,500,000, consisting of non-revolving and
       tersebut memiliki jatuh tempo yang beragam dan                revolving facilities. These facilities have various
       berkisar antara bulan Maret 2026 sampai dengan                maturities ranging from March 2026 to September
       bulan September 2028 dengan suku bunga yang                   2028, with interest rates to be determined at each
       akan ditentukan setiap penarikan fasilitas.                   drawdown. The PBMM facilities have been
       Fasilitas PBMM diperpanjang sampai dengan                     extended until June 2026.
       Juni 2026.
       Pada tanggal 31 Desember 2025 dan 2024,                       As of 31 December 2025 and 2024, outstanding
       pinjaman dari BCA masing-masing sebesar                       fund borrowings from BCA was amounted to
       Rp5.659.156 dan Rp7.904.515.                                  Rp5,659,156 and Rp7,904,515, respectively.
       PT Bank Pan Indonesia Tbk.                                    PT Bank Pan Indonesia Tbk

       Pada tanggal 25 Agustus 2021, Entitas Anak                    On 25 August 2021, the Subsidiary (PT Mandiri
       (PT Mandiri Utama Finance) mendapat tambahan                  Utama Finance) obtained an additional Working
       fasilitas Kredit Modal Kerja sebesar Rp500.000                Capital Credit Facility of Rp500,000, which is non-
       yang bersifat non-revolving serta tambahan                    revolving, as well as an additional Money Market
       Fasilitas Money Market Line sehingga menjadi                  Line Facility, bringing the total to Rp100,000. The
       Rp100.000. Atas Fasilitas Kredit Modal Kerja                  Working Capital Credit Facility bears an interest
       dikenakan suku bunga 7,25% pada saat                          rate of 7.25% at the time of drawdown, with a
       penarikan dengan kelonggaran tarik sampai                     drawdown availability period until February 2022
       dengan bulan Februari 2022 dan jatuh tempo pada               and maturity on 3 February 2025. Meanwhile, the
       3 Februari 2025. Sedangkan untuk fasilitas Kredit             Money Market Line Facility has been extended until
       Money Market Line diperpanjang sampai dengan                  26 May 2025.
       tanggal 26 Mei 2025.

                                                        314
Page 1329
                                                                                 The original consolidated financial statements
                                                                               included herein are in the Indonesian language.

        PT BANK MANDIRI (PERSERO) Tbk                                   PT BANK MANDIRI (PERSERO) Tbk
            DAN ENTITAS ANAKNYA                                               AND ITS SUBSIDIARIES
      CATATAN ATAS LAPORAN KEUANGAN                                      NOTES TO THE CONSOLIDATED
                 KONSOLIDASIAN                                               FINANCIAL STATEMENTS
       Tanggal 31 Desember 2025 dan untuk                                 As of 31 December 2025 and for
      Tahun Berakhir pada Tanggal Tersebut                                   for the Year Then Ended
         (Disajikan dalam jutaan Rupiah,                                 (Expressed in millions of Rupiah,
             kecuali dinyatakan lain)                                        unless otherwise stated)

36. PINJAMAN YANG DITERIMA (lanjutan)                         36. FUND BORROWINGS (continued)

   (h) Lain-lain (lanjutan)                                      (h) Others (continued)

       Rupiah (lanjutan)                                             Rupiah (continued)

       PT Bank Pan Indonesia Tbk. (lanjutan)                         PT Bank Pan Indonesia Tbk. (continued)

       Pada tanggal 15 November 2022 dan terakhir                    On 15 November 2022 and most recently on
       pada tanggal 3 Oktober 2025, Entitas Anak (PT                 3 October 2025, the Subsidiary (PT Mandiri Tunas
       Mandiri Tunas Finance) dan PT Bank Pan                        Finance) and PT Bank Pan Indonesia Tbk. (“Panin”)
       Indonesia Tbk. (“Panin”) menandatangani                       entered into a credit agreement with a total non-
       perjanjian kredit dengan total limit sebesar                  revolving limit of Rp7,000,000. The facility matures
       Rp7.000.000 yang bersifat non-revolving. Fasilitas            in March 2028. The interest rate on the amounts
       tersebut jatuh tempo pada bulan Maret 2028.                   drawn is fixed for the duration of the loan.
       Tingkat suku bunga yang telah ditarik berlaku
       tetap selama jangka waktu pinjaman.

       Pada tanggal 23 Mei 2022, Entitas Anak (MUF)                  On 23 May 2022, the Subsidiary (MUF) obtained an
       memperoleh tambahan fasilitas pinjaman modal                  additional non-revolving Working Capital Loan
       kerja non-revolving dari Bank Panin dengan batas              facility from PT Bank Pan Indonesia Tbk. (“Panin”)
       maksimum kredit sejumlah Rp500.000 (“Fasilitas                with a maximum credit limit of Rp500,000 (Facility
       VI”) dengan tingkat suku bunga 6,50% - 7,50%                  VI). This facility is subject to an interest rate of
       dan akan jatuh tempo pada tanggal 20 Februari                 6.50% - 7.50% at the time of withdrawal. The facility
       2026.                                                         will mature on 20 February 2026.

       Pada tanggal 12 Juni 2023, Entitas Anak (MUF)                 On 12 June 2023, the Subsidiary (MUF) obtained an
       memperoleh tambahan fasilitas pinjaman modal                  additional non-revolving Working Capital Loan
       kerja non-revolving dari Bank Panin dengan batas              facility from PT Bank Pan Indonesia Tbk. (“Panin”)
       maksimum kredit sejumlah Rp500.000 (“Fasilitas                amounted to Rp500,000 (“Facility VII”). This facility
       VII”) dengan tingkat suku bunga 7,25% dan akan                is subject to an interest rate of 7.25% at the time of
       jatuh tempo pada tanggal 3 November 2026.                     withdrawal. The facility will mature on 3 November
                                                                     2026.
       Pada tanggal 19 Desember 2023, Entitas Anak                   On 19 December 2023, the Subsidiary (MUF)
       (MUF) memperoleh tambahan fasilitas pinjaman                  obtained an additional non-revolving Working
       modal kerja non-revolving dari Bank Panin dengan              Capital Loan facility from PT Bank Pan Indonesia
       batas maksimum kredit sejumlah Rp500.000                      Tbk. (“Panin”) amounted to Rp500,000 (“Facility
       (“Fasilitas VIII”) dengan tingkat suku bunga 7,00%            VIII”). This facility is subject to an interest rate of
       - 7,25% dan akan jatuh tempo pada tanggal 3 April             7.00% - 7.25% at the time of withdrawal. The facility
       2028.                                                         will mature on 3 April 2028.

       Pada tanggal 14 Agustus 2024, Entitas Anak                    On 14 August 2024, the Subsidiary (MUF) obtained
       (MUF) memperoleh tambahan fasilitas pinjaman                  an additional non-revolving Working Capital Loan
       modal kerja non-revolving dari Bank Panin dengan              facility from PT Bank Pan Indonesia Tbk. (“Panin”)
       batas maksimum kredit sejumlah Rp500.000                      amounted to Rp500,000 (“Facility IX”). This facility
       (“Fasilitas IX”) dengan tingkat suku bunga 7,00% -            is subject to an interest rate of 7.00% - 7.50% at the
       7,50% dan akan jatuh tempo pada tanggal                       time of withdrawal. The facility will mature on
       28 Agustus 2028.                                              28 August 2028.
       Pada tanggal 31 Desember 2025 dan 2024,                       As of 31 December 2025 and 2024, outstanding
       pinjaman dari Panin masing-masing sebesar                     fund borrowings from Panin are amounted to
       Rp2.869.481 dan Rp4.586.349.                                  Rp2,869,481 and Rp4,586,349, respectively.




                                                        315
Page 1330
                                                                                   The original consolidated financial statements
                                                                                 included herein are in the Indonesian language.

        PT BANK MANDIRI (PERSERO) Tbk                                     PT BANK MANDIRI (PERSERO) Tbk
            DAN ENTITAS ANAKNYA                                                 AND ITS SUBSIDIARIES
      CATATAN ATAS LAPORAN KEUANGAN                                        NOTES TO THE CONSOLIDATED
                 KONSOLIDASIAN                                                 FINANCIAL STATEMENTS
       Tanggal 31 Desember 2025 dan untuk                                   As of 31 December 2025 and for
      Tahun Berakhir pada Tanggal Tersebut                                     for the Year Then Ended
         (Disajikan dalam jutaan Rupiah,                                   (Expressed in millions of Rupiah,
             kecuali dinyatakan lain)                                          unless otherwise stated)

36. PINJAMAN YANG DITERIMA (lanjutan)                           36. FUND BORROWINGS (continued)

   (h) Lain-lain (lanjutan)                                        (h) Others (continued)

       Rupiah (lanjutan)                                               Rupiah (continued)
       PT Bank DKI                                                     PT Bank DKI
       Pada tanggal 15 Juni 2022, Entitas Anak                         On       15     June     2022,    the     Subsidiary
       (PT Bank Mandiri Taspen) memperoleh fasilitas                   (PT Bank Mandiri Taspen) obtained a loan facility
       kredit dari PT Bank DKI (“Bank DKI”), berupa                    from PT Bank DKI (“Bank DKI”), in the form of a
       fasilitas Term Loan (committed) - non-revolving                 Term Loan (committed) - non-revolving facility with
       dengan jumlah maksimum sebesar Rp500.000.                       a maximum loan amounting to Rp500,000. This
       Fasilitas tersebut digunakan untuk membiayai                    facility is used to finance the Subsidiary's working
       modal kerja Entitas      Anak. Pada tanggal                     capital. On 15 December 2023, the term of this
       15 Desember 2023, jangka waktu fasilitas ini telah              facility was extended until 13 December 2026, with
       diperpanjang hingga 13 Desember 2026 dengan                     an interest rate of 3-month JIBOR plus a margin of
       suku bunga JIBOR 3 bulan + margin sebesar                       0.75% per annum.
       0,75% per tahun.
       Pada 25 Juni 2025, Bank memperoleh fasilitas                    On 25 June 2025, Bank obtained loan facility from
       kredit dari Bank DKI, berupa fasilitas Term Loan                Bank DKI in the form of Term Loan (committed) -
       (committed) – non revolving dengan jumlah                       non revolving with a maximum credit limit of
       maksimum sebesar Rp500.000 yang digunakan                       Rp500,000 and were used to Bank’s working
       untuk membiaya modal kerja Bank. Fasilitas ini                  capital. This facility has a term of 24 months which
       memiliki jangka waktu selama 24 bulan dengan                    bears interest of IndoNia 90 days + 123 bps per
       suku bunga IndoNia 90 hari + 123 bps per tahun.                 annum.
       Pada tanggal 6 Maret 2024, Entitas Anak                         On 6 March 2024, the Subsidiary (PT Mandiri Tunas
       (PT Mandiri Tunas Finance) dan Bank DKI                         Finance) and Bank DKI signed a loan facility
       menandatangani perjanjian fasilitas pinjaman                    agreement where Bank DKI provides a Working
       dimana Bank DKI menyediakan fasilitas Kredit                    Capital Executing - Term Loan facility with a total
       Modal Kerja Executing - Term Loan dengan total                  amounted of Rp1,000,000 which is non-revolving.
       fasilitas sebesar Rp1.000.000 yang bersifat non-                The facility will mature in March 2027. The loan
       revolving. Fasilitas tersebut memiliki jatuh tempo              bears a fixed interest rate for amounts disbursed.
       bulan Maret 2027. Tarif suku bunga fixed untuk
       kredit yang sudah dicairkan.
       Pada tanggal 26 Juni 2025, Entitas Anak                         On 26 June 2025, the Subsidiary (PT Bank Mandiri
       (PT Bank Mandiri Taspen) memperoleh fasilitas                   Taspen) obtained a credit facility from Bank DKI in
       kredit dari Bank DKI, berupa fasilitas kredit non-              the form of a non-revolving, committed credit facility
       revolving, commited dengan jumlah maksimum                      with a maximum amount of Rp500,000. The facility
       sebesar Rp500.000. Fasilitas tersebut digunakan                 is intended for loan expansion and/or to support
       untuk ekspansi kredit dan/atau mendukung                        other business activities of the Subsidiary. The
       aktivitas bisnis lain Entitas Anak. Fasilitas akan              facility will mature on 25 June 2027, with an interest
       jatuh tempo pada tanggal 25 Juni 2027 dengan                    rate of 90-day IndONIA + 123 bps.
       suku bunga IndONIA 90 hari + 123bps.

       Pada tanggal 7 Januari 2025, Entitas Anak                       On 7 January 2025, the Subsidiary (PT Mandiri
       (PT Mandiri Utama Finance) memperoleh fasilitas                 Utama Finance) obtained an Executing Loan facility
       pinjaman Executing dari PT Bank DKI ("Bank                      from PT Bank DKI (“Bank DKI”) with a maximum
       DKI") dengan batas maksimum kredit sebesar                      credit limit of Rp250,000. The interest rate for the
       Rp250.000 dengan suku bunga ditentukan saat                     facility is determined at the time of drawdown. The
       penarikan fasilitas. Jangka waktu penarikan                     facility has an availability period until 7 Apri 2025,
       fasilitas tersebut adalah sampai dengan 7 April                 with a maximum loan tenor of 60 months from the
       2025 dengan tenor pinjaman maksimal 60 bulan                    drawdown date. The facility is scheduled to mature
       sejak tanggal penarikan, fasilitas tersebut akan                on 26 March 2030.
       jatuh tempo tanggal 26 Maret 2030.
       Pada tanggal 31 Desember 2025 dan 2024,                         As of 31 December 2025 and 2024, outstanding
       pinjaman dari Bank DKI masing-masing sebesar                    borrowings from Bank DKI are amounted to
       Rp1.608.064 dan Rp1.285.258.                                    Rp1,608,064 and Rp1,285,258, respectively.




                                                          316
Page 1331
                                                                               The original consolidated financial statements
                                                                             included herein are in the Indonesian language.

        PT BANK MANDIRI (PERSERO) Tbk                                  PT BANK MANDIRI (PERSERO) Tbk
            DAN ENTITAS ANAKNYA                                              AND ITS SUBSIDIARIES
      CATATAN ATAS LAPORAN KEUANGAN                                     NOTES TO THE CONSOLIDATED
                 KONSOLIDASIAN                                              FINANCIAL STATEMENTS
       Tanggal 31 Desember 2025 dan untuk                                As of 31 December 2025 and for
      Tahun Berakhir pada Tanggal Tersebut                                  for the Year Then Ended
         (Disajikan dalam jutaan Rupiah,                                (Expressed in millions of Rupiah,
             kecuali dinyatakan lain)                                       unless otherwise stated)

36. PINJAMAN YANG DITERIMA (lanjutan)                        36. FUND BORROWINGS (continued)

   (h) Lain-lain (lanjutan)                                     (h) Others (continued)

       Rupiah (lanjutan)                                            Rupiah (continued)

       PT Bank Maybank Indonesia Tbk                                PT Bank Maybank Indonesia Tbk

       Pada tanggal 27 Juli 2022, Entitas Anak                      On 27 July 2022, the Subsidiary (PT Mandiri Utama
       (PT Mandiri Utama Finance) memperoleh                        Finance) obtained an additional Term Loan III
       tambahan Fasilitas Pinjaman Berjangka III                    Facility in the amount of Rp350,000 PT Maybank
       sejumlah Rp350.000 dari PT Bank Maybank                      Indonesia Tbk (“Maybank”) with an interest rate of
       Indonesia Tbk (“Maybank”) dengan tingkat suku                7.00% and a drawdown period until 27 January
       bunga 7,00% dan jangka waktu penarikan sampai                2023 with a tenor of 48 months. The Term Loan III
       dengan tanggal 27 Januari 2023 dengan tenor 48               facility is hybrid in nature which can be used as a
       bulan. Plafon fasilitas Pinjaman Berjangka III               conventional or sharia Working Capital Loan. This
       bersifat hybrid yang dapat digunakan sebagai                 facility will mature on 29 September 2026.
       Kredit Modal Kerja konvensial maupun syariah.
       Fasilitas tersebut jatuh tempo pada tanggal
       29 September 2026.

       Pada tanggal 29 Agustus 2022, Entitas Anak (PT               On 29 August 2022, the Subsidiary (PT Bank
       Bank     Syariah Indonesia) dan Maybank                      Syariah Indonesia) and Maybank obtained a
       mendapatkan        fasilitas    line pembiayaan              Mudharabah financing line facility amounted to
       Mudharabah sebesar USD100.000.000 (nilai                     USD100,000,000 (full amount) from Maybank. On
       penuh) dari Maybank. Pada tanggal 30 Mei 2024,               30 May 2024, 24 June 2024 and 28 June 2024, BSI
       24 Juni 2024, 28 Juni 2024 BSI melakukan                     withdrew facilities amounting to Rp300,000,
       penarikan     fasilitas      sebesar  Rp300.000,             Rp750,000 and Rp300,000 respectively, with a
       Rp750.000 dan Rp300.000 dengan nisbah bagi                   profit sharing ratio of 0.18%, 0.53% and 0.04%
       hasil sebesar 0,18%, 0,53% dan 0,04% dan jatuh               respectively and mature respectively on 1 July
       tempo masing-masing pada tanggal 1 Juli 2024,                2024, 1 August 2024, and 5 July 2024. There is no
       1 Agustus 2024, dan 5 Juli 2024. Tidak terdapat              collateral pledged for this facility.
       agunan yang dijaminkan untuk fasilitas ini.

       Pada tanggal 3 Juni 2024, Entitas Anak (PT Bank              On 3 June 2024, the Subsidiary (PT Bank Mandiri
       Mandiri Taspen) memperoleh fasilitas kredit dari             Taspen) obtained a credit facility from Maybank in
       Maybank, berupa fasilitas kredit (uncommitted)               the form of an uncommitted credit facility with a
       dengan jumlah maksimum sebesar Rp250.000.                    maximum amount of Rp250,000. The facility is
       Fasilitas tersebut digunakan untuk menunjang                 intended to support the company’s business
       aktifitas bisnis perusahaan. Fasilitas akan jatuh            activities. The facility will mature on 3 June 2026,
       tempo pada tanggal 3 Juni 2026 dengan suku                   with an interest rate of 7.20%.
       bunga 7,20%.

       Per 31 Desember 2024, BSI memiliki fasilitas line            As of 31 December 2024, BSI has a Mudharabah
       pembiayaan berjangka Mudharabah dengan                       term financing line facility from PT Bank Maybank
       jumlah maksimum dana yang disediakan sebesar                 Indonesia Tbk with a maximum amount of funds
       USD95.000.000 (nilai penuh) dari PT Bank                     provided of USD95,000,000 (full amount) from
       Maybank Indonesia Tbk dengan jangka waktu                    PT Bank Maybank Indonesia Tbk with a facility term
       fasilitas dari 21 Februari 2024 sampai dengan                from 21 February 2024 to 21 February 2025, the
       21 Februari 2025, yang penarikannya dapat                    withdrawal of which can be done in multicurrency,
       dilakukan secara multicurrency dalam mata uang               in Rupiah and United States Dollar currency, and is
       Rupiah dan Dolar Amerika Serikat dan bersifat                revolving.
       revolving




                                                       317
Page 1332
                                                                                The original consolidated financial statements
                                                                              included herein are in the Indonesian language.

        PT BANK MANDIRI (PERSERO) Tbk                                   PT BANK MANDIRI (PERSERO) Tbk
            DAN ENTITAS ANAKNYA                                               AND ITS SUBSIDIARIES
      CATATAN ATAS LAPORAN KEUANGAN                                      NOTES TO THE CONSOLIDATED
                 KONSOLIDASIAN                                               FINANCIAL STATEMENTS
       Tanggal 31 Desember 2025 dan untuk                                 As of 31 December 2025 and for
      Tahun Berakhir pada Tanggal Tersebut                                   for the Year Then Ended
         (Disajikan dalam jutaan Rupiah,                                 (Expressed in millions of Rupiah,
             kecuali dinyatakan lain)                                        unless otherwise stated)

36. PINJAMAN YANG DITERIMA (lanjutan)                        36. FUND BORROWINGS (continued)

   (h) Lain-lain (lanjutan)                                     (h) Others (continued)

       Rupiah (lanjutan)                                            Rupiah (continued)

       PT Bank Maybank Indonesia Tbk (lanjutan)                     PT Bank Maybank Indonesia Tbk (continued)

       Atas fasilitas tersebut, per 31 Desember 2024, BSI          For this facility, as of 31 December 2024, BSI has a
       memiliki       saldo      pembiayaan     berjangka          Mudharabah term financing balance amounting to
       Mudharabah sebesar Rp1.000.000 dari Saldo atas              Rp1,000,000 from Maybank. This financing facility
       fasilitas pembiayaan ini terdiri dari:                      balance consists of:
       - Pembiayaan berjangka Mudharabah sebesar                   -    Balance of Mudharabah term financing
           Rp500.000 dengan jangka waktu fasilitas dari                 amounting to Rp500,000, starting from
           13 Desember 2024 sampai dengan 13 Januari                    13 December 2024 to 13 January 2025 and a
           2025 dan imbal bagi hasil sebesar 6,80% per                  profit sharing rate of 6.80% per annum.
           tahun.
       - Pembiayaan berjangka Mudharabah sebesar                    -   Balance of Mudharabah term financing
           Rp500.000 dengan jangka waktu fasilitas dari                 amounting to Rp500,000 starting from
           20 Desember 2024 sampai dengan 20 Januari                    20 December 2024 to 20 January 2025 and a
           2025 dan imbal bagi hasil sebesar 6,80% per                  profit sharing rate of 6.80% per annum.
           tahun.

       Atas ke dua pembiayaan tersebut, telah dilakukan             For both financing, repayment has been made
       pelunasan sesuai dengan tanggal jatuh tempo yang             according to the maturity date stated in the financing
       tertera pada perjanjian pemberian pembiayaan.                agreement.

       Akad    fasilitas line   pembiayaan     tersebut            The Mudharabah term financing line facility
       diperpanjangan efektif pada 21 Februari 2025                agreement was extended effectively from
       sampai dengan 21 Februari 2026, dengan jumlah               21 February 2025 to 21 February 2026, with the
       maksimum dana yang disediakan adalah sebesar                maximum amount of funds provided being
       USD95.000.000 (nilai penuh) atau Rp1.400.000.               USD95,000,000 (full amount) or Rp1,400,000.

       Atas fasilitas yang telah diperpanjang tersebut,            Based on the extended facility, on 28 February
       pada 28 Februari 2025, BSI mendapatkan                      2025, BSI received term financing Mudharabah
       pembiayaan      berjangka    Mudharabah sebesar             amounting to Rp750,000 from Maybank with a profit
       Rp750.000 dari Maybank dengan imbal bagi hasil              sharing rate of 6.60% per annum which matured on
       6,60% per tahun yang jatuh tempo pada 9 April               9 April 2025. For this financing, repayment has been
       2025. Atas pembiayaan ini, telah dilakukan                  made according to the maturity date stated in the
       pelunasan sesuai dengan tanggal jatuh tempo yang            financing agreement.
       tertera pada perjanjian pembiayaan.

       Pada 7 Maret 2025, Entitas Anak (BSI)                       On 7 March 2025, the Subsidiary (BSI) received term
       mendapatkan fasilitas line pembiayaan berjangka             term financing Mudharabah amounting to Rp650,000
       Mudharabah sebesar Rp650.000 dari Maybank                   from Maybank with a profit sharing rate of 6.60% per
       dengan imbal bagi hasil 6,60% per tahun yang jatuh          annum which matured on 21 April 2025. For this
       tempo pada 21 April 2025. Atas pembiayaan ini,              financing, repayment has been made in accordance
       telah dilakukan pelunasan sesuai dengan tanggal             with the maturity date stated in the financing
       jatuh tempo yang tertera pada perjanjian.                   agreement.

       Tidak terdapat agunan yang dijaminkan untuk                 There is no collateral pledged for this financing
       fasilitas pembiayaan tersebut.                              facility.

       Pada tanggal 31 Desember 2025, BSI tidak memiliki           As of 31 December 2025, BSI has no balance on the
       saldo atas fasilitas line pembiayaan berjangka              term financing Mudharabah line facility.
       Mudharabah tersebut.




                                                       318
Page 1333
                                                                                   The original consolidated financial statements
                                                                                 included herein are in the Indonesian language.

        PT BANK MANDIRI (PERSERO) Tbk                                     PT BANK MANDIRI (PERSERO) Tbk
            DAN ENTITAS ANAKNYA                                                 AND ITS SUBSIDIARIES
      CATATAN ATAS LAPORAN KEUANGAN                                        NOTES TO THE CONSOLIDATED
                 KONSOLIDASIAN                                                 FINANCIAL STATEMENTS
       Tanggal 31 Desember 2025 dan untuk                                   As of 31 December 2025 and for
      Tahun Berakhir pada Tanggal Tersebut                                     for the Year Then Ended
         (Disajikan dalam jutaan Rupiah,                                   (Expressed in millions of Rupiah,
             kecuali dinyatakan lain)                                          unless otherwise stated)

36. PINJAMAN YANG DITERIMA (lanjutan)                           36. FUND BORROWINGS (continued)

   (h) Lain-lain (lanjutan)                                        (h) Others (continued)

       Rupiah (lanjutan)                                               Rupiah (continued)

       PT Bank Maybank Indonesia Tbk (lanjutan)                        PT Bank Maybank Indonesia Tbk (continued)

       Pada tanggal 18 Desember 2023, Entitas Anak                    On 18 December 2023, the Subsidiary (PT Mandiri
       (PT Mandiri Utama Finance) kembali memperoleh                  Utama Finance) again obtained an additional Term
       tambahan Fasilitas Pinjaman Berjangka IV                       Loan Facility IV amounting to Rp500,000 from
       sejumlah Rp500.000 dari Maybank dengan                         Maybank with an indicative interest rate of 7.25% -
       indikasi tingkat suku bunga 7,25% - 7,50% dan                  7.50% and a withdrawal period until 18 April 2024,
       dari jangka waktu penarikan sampai dengan                      and a tenor of 48 months. The limit of the Term Loan
       tanggal 18 April 2024 dan tenor 48 bulan. Adapun               Facility IV is hybrid and can be used for both
       plafon fasilitas Pinjaman Berjangka IV bersifat                conventional and Sharia loan working capital. This
       hybrid yang dapat digunakan sebagai kredit modal               facility matures on 1 April 2028.
       kerja konvensial maupun syariah. Fasilitas ini jatuh
       tempo pada tanggal 1 April 2028.

       Pada tanggal 7 September 2023, Entitas Anak                     On 7 September 2023, the Subsidiary (PT Mandiri
       (PT Mandiri Tunas Finance) dan Maybank                          Tunas Finance) and Maybank signed a credit
       menandatangani      perjanjian     kredit   dimana              agreement under which Maybank provided a Term
       Maybank      menyediakan      fasilitas   Pinjaman              Loan facility with a total limit of Rp750,000, which is
       Berjangka dengan total fasilitas sebesar                        non-revolving. A fixed interest rate is applied upon
       Rp750.000 yang bersifat non-revolving. Suku                     each disbursement. The facility matures in
       bunga fixed per pencairan. Fasilitas tersebut                   January 2027.
       memiliki jatuh tempo pada Januari 2027.

       Pada tanggal 31 Desember 2025 dan 2024,                         As of 31 December 2025 and 2024, outstanding
       pinjaman dari Maybank sebesar Rp1.078.981 dan                   fund borrowings from Maybank are amounted to
       Rp2.292.588.                                                    Rp1,078,981 and Rp2,292,588, respectively.

       Pada tanggal 20 Maret 2025, Entitas Anak                        On 20 March 2025, the Subsidiary (PT Mandiri
       (PT Mandiri Utama Finance) kembali memperoleh                   Utama Finance) obtained an additional Term Loan
       tambahan Fasilitas Pinjaman Berjangka V sejumlah                Facility V amounting to Rp300,000 with an interest
       Rp300.000 dengan tingkat suku bunga 7,25% -                     rate ranging from 7.25% - 7.40% and a drawdown
       7,40% dan jangka waktu penarikan sampai dengan                  period until 20 September 2025. The Term Loan
       tanggal 20 September 2025. Adapun plafond                       Facility IV has a hybrid feature, allowing it to be
       fasilitas Pinjaman Berjangka IV bersifat hybrid yang            utilized as either a conventional or sharia working
       dapat digunakan sebagai kredit modal kerja                      capital loan. The drawdown period for this facility
       konvensial maupun syariah. Jangka waktu                         has been extended until 20 March 2026.
       penarikan fasilitas tersebut telah diperpanjang
       sampai tanggal 20 Maret 2026.

       Entitas Anak (PT Mandiri Sekuritas) telah                       The Subsidiary (PT Mandiri Sekuritas) has obtained
       mendapatkan Fasilitas Kredit dari PT Bank                       a Credit Facility from PT Bank Maybank Indonesia
       Maybank Indonesia (“Maybank”), Tbk. Dimana                      (“Maybank”), Tbk. Where Maybank provides a
       Maybank memberikan fasilitas Pinjaman Promes                    Revolving Promissory Note (Money Market Line)
       Berulang (Money Market Line) dan Bank Garansi                   and Bank Guarantee facility that can be used
       yang dapat digunakan masing-masing maupun                       individually or jointly up to a maximum amount of
       secara bersama-sama sampai jumlah setinggi-                     Rp250,000. The interest rate is determined based
       tingginya sebesar Rp250.000. Suku bunga                         on the Maybank's loan interest rate and will be
       ditetapkan berdasarkan tingkat bunga pinjaman                   determined at the time of withdrawal. The
       Maybank dan akan ditetapkan pada saat penarikan.                Maybank’s facility matures until 25 July 2026.
       Jatuh tempo fasilitas Maybank sampai dengan
       25 Juli 2026.

       Pada tanggal 31 Desember 2025 dan 2024,                         As of 31 December 2025 dan 2024, outstanding
       pinjaman dari Maybank Syariah sebesar                           fund borrowings from Maybank Syariah are
       Rp15.622 dan Rp40.607.                                          amounted to Rp15,622 and Rp40,607, respectively.


                                                          319
Page 1334
                                                                                 The original consolidated financial statements
                                                                               included herein are in the Indonesian language.

        PT BANK MANDIRI (PERSERO) Tbk                                   PT BANK MANDIRI (PERSERO) Tbk
            DAN ENTITAS ANAKNYA                                               AND ITS SUBSIDIARIES
      CATATAN ATAS LAPORAN KEUANGAN                                      NOTES TO THE CONSOLIDATED
                 KONSOLIDASIAN                                               FINANCIAL STATEMENTS
       Tanggal 31 Desember 2025 dan untuk                                 As of 31 December 2025 and for
      Tahun Berakhir pada Tanggal Tersebut                                   for the Year Then Ended
         (Disajikan dalam jutaan Rupiah,                                 (Expressed in millions of Rupiah,
             kecuali dinyatakan lain)                                        unless otherwise stated)

36. PINJAMAN YANG DITERIMA (lanjutan)                         36. FUND BORROWINGS (continued)

   (h) Lain-lain (lanjutan)                                      (h) Others (continued)

       Rupiah (lanjutan)                                             Rupiah (continued)

       PT Bank Pembangunan Daerah Jawa Barat dan                     PT Bank Pembangunan Daerah Jawa Barat dan
       Banten Tbk                                                    Banten Tbk

       Pada tanggal 20 Desember 2023, Entitas Anak                   On 20 December 2023, the Subsidiary (PT Bank
       (PT Bank Mandiri Taspen) memperoleh fasilitas                 Mandiri Taspen) obtained a loan facility from PT
       kredit dari PT Bank Pembangunan Daerah Jawa                   Bank Pembangunan Daerah Jawa Barat dan
       Barat dan Banten Tbk (“BJB”), berupa fasilitas                Banten Tbk (“BJB”), in the form of Term Loan
       Term Loan (committed) - non-revolving dengan                  (committed) - non-revolving facility with total a
       total jumlah maksimum sebesar Rp1.000.000                     maximum limit of Rp1,000,000 with an interest rate
       dengan suku bunga JIBOR 3 bulan + 80bps.                      of JIBOR 3 Months + 80bps. This facility is used to
       Fasilitas tersebut digunakan untuk membiayai                  finance the Subsidiary's working capital. This facility
       modal kerja Entitas Anak. Fasilitas ini                       has been extended until 20 December 2026.
       diperpanjang      sampai    dengan    tanggal
       20 Desember 2026.

       Pada tanggal 8 Agustus 2023, Entitas Anak                     On       8    August      2023,      the   Subsidiary
       (PT Mandiri Tunas Finance) dan BJB                            (PT Mandiri Tunas Finance) and BJB signed a loan
       menandatangani perjanjian kredit dimana BJB                   agreement whereby BJB provided a General
       menyediakan fasilitas Kredit Modal Kerja Umum                 Working Capital Loan Facility for Financing
       Lembaga Pembiayaan dengan total limit sebesar                 Institutions with a total limit of Rp500,000 which is
       Rp500.000 yang bersifat non-revolving. Fasilitas              non-revolving. The facility will mature on August
       tersebut jatuh tempo pada bulan Agustus 2026                  2026 with interest rate is a floating interest rate
       dengan tingkat suku bunga bunga berlaku floating              during the withdrawal period and a fixed rate during
       rate selama masa penarikan dan fixed rate selama              the loan term around 6.00% - 7.60%. This loan was
       jangka waktu kredit antara 6,00% - 7,60%.                     fully settled on 15 October 2025.
       Pinjaman ini telah dilunasi pada tanggal
       15 Oktober 2025.
       Pada tanggal 18 Desember 2024, Entitas Anak                   On 18 December 2024, the Subsidiary
       (PT Mandiri Sekuritas) telah melakukan                        (PT Mandiri Sekuritas) has signed with BJB.
       penandatanganan dengan BJB. Saat ini Entitas                  Currently, the Subsidiary gets a maximum credit
       Anak mendapatkan fasilitas kredit maksimum                    facility of Rp250,000. The credit term is valid for
       sebesar Rp250.000. Jangka waktu kredit berlaku                the next 12 months until 29 December 2025. The
       hingga 12 bulan ke depan sampai dengan                        applicable credit interest rate is determined at the
       29 Desember 2025. Tingkat suku bunga kredit                   time the Subsidiary makes a withdrawal of the
       yang berlaku ditetapkan pada saat Entitas Anak                Credit Facility. This loan was fully repaid on 9 April
       melakukan penarikan Fasilitas Kredit. Pinjaman ini            2025.
       telah dilunasi pada tanggal 9 April 2025.
       Pada tanggal 31 Desember 2025 dan 2024,                       As of 31 December 2025 and 2024, outstanding
       pinjaman dari BJB masing-masing sebesar                       fund borrowings from BJB are amounted to
       Rp1.000.000 dan Rp1.312.400.                                  Rp1,000,000 and Rp1,312,400 respectively.

       PT Bank Jago Tbk                                              PT Bank Jago Tbk

       Pada tanggal 20 Desember 2023, Entitas Anak                  On 20         December 2023, the Subsidiary
       (PT Mandiri Utama Finance) dan PT Bank Jago                  (PT Mandiri Utama Finance) and PT Bank Jago Tbk
       Tbk (Bank Jago) menandatangani perjanjian                    (Bank Jago) has signed a Working Capital Loan
       fasilitas Kredit Modal kerja non-revolving dengan            facility agreement non-revolving with Bank Jago with
       batas maksimum kredit sejumlah Rp1.000.000                   maximum limit is Rp1,000,000 with interest 7.00% -
       yang dikenakan tingkat suku bunga 7,00% -                    7.25%. The facility matures on 26 June 2029.
       7,25%. Jatuh tempo fasilitas sampai dengan
       tanggal 26 Juni 2029.




                                                        320
Page 1335
                                                                                 The original consolidated financial statements
                                                                               included herein are in the Indonesian language.

        PT BANK MANDIRI (PERSERO) Tbk                                   PT BANK MANDIRI (PERSERO) Tbk
            DAN ENTITAS ANAKNYA                                               AND ITS SUBSIDIARIES
      CATATAN ATAS LAPORAN KEUANGAN                                      NOTES TO THE CONSOLIDATED
                 KONSOLIDASIAN                                               FINANCIAL STATEMENTS
       Tanggal 31 Desember 2025 dan untuk                                 As of 31 December 2025 and for
      Tahun Berakhir pada Tanggal Tersebut                                   for the Year Then Ended
         (Disajikan dalam jutaan Rupiah,                                 (Expressed in millions of Rupiah,
             kecuali dinyatakan lain)                                        unless otherwise stated)

36. PINJAMAN YANG DITERIMA (lanjutan)                         36. FUND BORROWINGS (continued)

   (h) Lain-lain (lanjutan)                                      (h) Others (continued)

       Rupiah (lanjutan)                                             Rupiah (continued)
       PT Bank Jago Tbk (lanjutan)                                   PT Bank Jago Tbk (continued)

       Pada tanggal 13 Agustus 2024, Entitas Anak                   On 13 August 2024, the Subsidiary (PT Mandiri
       (PT Mandiri Utama Finance) dan Bank Jago                     Utama Finance) and Bank Jago has signed a
       menandatangani perjanjian penambahan fasilitas               obtained Working Capital Loan facility agreement
       Kredit Modal Kerja non revolving dengan batas                non revolving with Bank Jago with maximum limit is
       maksimum kredit sebesar Rp1.300.000 yang                     Rp1,300,000 with interest 7% - 7.25% a maximum
       dikenakan suku bunga 7% - 7,25% tenor pinjaman               loan tenure of 60 months from the drawdown date.
       maksimal 60 bulan sejak tanggal penarikan.                   The drawdown maturity was extended until
       Terdapat perpanjangan jatuh tempo penarikan                  20 December 2025.
       sampai dengan tanggal 20 Desember 2025.

       Pada tanggal 13 Agustus 2024, Entitas Anak                   On 13 August 2024, the Subsidiary (PT Mandiri
       (PT Mandiri Utama Finance) dan Bank Jago                     Utama Finance) and Bank Jago has signed a
       menandatangani perjanjian penambahan fasilitas               obtained Working Capital Loan facility agreement
       Kredit Modal Kerja non revolving dengan batas                non revolving with Bank Jago with maximum limit is
       maksimum kredit sebesar Rp1.300.000 yang                     Rp1,300,000 with interest 7% - 7.25% a maximum
       dikenakan suku bunga 7% - 7,25% tenor pinjaman               loan tenure of 60 months from the drawdown date.
       maksimal 60 bulan sejak tanggal penarikan.                   The drawdown maturity was extended until
       Terdapat perpanjangan jatuh tempo penarikan                  20 December 2025.
       sampai dengan tanggal 20 Desember 2025.

       Pada tanggal 31 Desember 2025 dan 2024,                       As of 31 December 2025 and 2024, oustanding fund
       pinjaman dari Bank Jago masing-masing sebesar                 borrowings from Bank Jago are Rp977,113 and
       Rp977.113 dan Rp1.245.817.                                    Rp1,245,817, respectively.

       Pada tanggal 31 Desember 2025 dan 2024,                       As of 31 December 2025 and 2024, oustanding fund
       pinjaman dari Bank Jago Syariah masing-masing                 borrowings from Bank Jago Sharia are Rp28,331
       sebesar Rp28.331 dan RpNihil.                                 and RpNil, respectively.

       PT Bank CIMB Niaga Tbk                                        PT Bank CIMB Niaga Tbk

       Pada tanggal 19 Februari 2020, Entitas Anak                   On      19    February    2020,   the   Subsidiary
       (PT Mandiri Tunas Finance) dan PT Bank CIMB                   (PT Mandiri Tunas Finance) and PT Bank CIMB
       Niaga Tbk (“Bank CIMB Niaga”) menandatangani                  Niaga Tbk (“Bank CIMB Niaga”) has signed a loan
       perjanjian kredit dimana Bank CIMB Niaga                      agreement that Bank CIMB Niaga provides non-
       menyediakan fasilitas Term Loan dengan total                  revolving Term Loan facility with total limit up to
       maksimum kredit sebesar Rp300.000 yang                        Rp300,000 with 8.25% of fixed interest rate at
       bersifat non-revolving dan dikenakan tingkat suku             drawdown. This         facility will  mature on
       bunga tetap sebesar 8,25% pada saat penarikan.                February 2023. On 4 March 2025, the term of non-
       Fasilitas tersebut jatuh tempo pada bulan Februari            revolving Term Loan (committed) facility has
       2023. Fasilitas Term Loan (committed) - non-                  matured. This loan has been fully repaid with the
       revolving telah jatuh tempo pada tanggal                      final installment on 4 March 2025 and has not been
       4 Maret 2025. Pinjaman ini telah lunas dengan                 extended.
       pembayaran angsuran terakhir tanggal 4 Maret
       2025 dan tidak diperpanjang.
       Pada tanggal 20 Desember 2022, Entitas Anak                   On 20 December 2022, the Subsidiary
       (PT Mandiri Tunas Finance) dan Bank CIMB                      (PT Mandiri Tunas Finance) and Bank CIMB Niaga
       Niaga menandatangani perjanjian kredit dimana                 signed a loan agreement where Bank CIMB Niaga
       Bank CIMB Niaga menyediakan fasilitas Pinjaman                provided several Special Transaction Loan facilities
       Transaksi Khusus dengan total fasilitas sebesar               with a total facility of Rp900,000 which is non-
       Rp900.000 yang bersifat non-revolving dan                     revolving and is subject to a fixed interest rate upon
       dikenakan tingkat suku bunga tetap pada saat                  withdrawal. The facility will mature in March 2026.
       penarikan. Fasilitas tersebut jatuh tempo pada
       bulan Maret 2026.



                                                        321
Page 1336
                                                                                 The original consolidated financial statements
                                                                               included herein are in the Indonesian language.

        PT BANK MANDIRI (PERSERO) Tbk                                   PT BANK MANDIRI (PERSERO) Tbk
            DAN ENTITAS ANAKNYA                                               AND ITS SUBSIDIARIES
      CATATAN ATAS LAPORAN KEUANGAN                                      NOTES TO THE CONSOLIDATED
                 KONSOLIDASIAN                                               FINANCIAL STATEMENTS
       Tanggal 31 Desember 2025 dan untuk                                 As of 31 December 2025 and for
      Tahun Berakhir pada Tanggal Tersebut                                   for the Year Then Ended
         (Disajikan dalam jutaan Rupiah,                                 (Expressed in millions of Rupiah,
             kecuali dinyatakan lain)                                        unless otherwise stated)

36. PINJAMAN YANG DITERIMA (lanjutan)                         36. FUND BORROWINGS (continued)

   (h) Lain-lain (lanjutan)                                      (h) Others (continued)

       Rupiah (lanjutan)                                             Rupiah (continued)

       PT Bank CIMB Niaga Tbk (lanjutan)                             PT Bank CIMB Niaga Tbk (continued)

       Pada tanggal 13 November 2023, Entitas Anak                   On 13 November 2023, the Subsidiary (PT Mandiri
       (PT Mandiri Utama Finance) dan Bank CIMB                      Utama Finance) and Bank CIMB Niaga signed a
       Niaga menandatangani perjanjian fasilitas Kredit              non-revolving Working Capital Loan facility
       Modal Kerja non-revolving dengan batas                        agreement with a maximum credit limit of
       maksimum kredit sejumlah Rp350.000. yang                      Rp350,000 and an interest rate adjustable prior to
       dikenakan tingkat suku bunga yang dapat                       withdrawal. The drawdown period for the credit
       disesuaikan sebelum penarikan. Jangka waktu                   facility was available until 13 May 2024, with a
       penarikan fasilitas kredit adalah sampai dengan               maximum loan tenor of 36 months from the
       13 Mei 2024 dengan tenor pinjaman maksimal 36                 withdrawal date.
       bulan sejak tanggal penarikan.

       Pada tanggal 6 Juni 2024, Entitas Anak (PT                    On 6 June 2024, the Subsidiary (PT Mandiri Utama
       Mandiri       Utama      Finance)    memperoleh               Finance) obtained an extension of the drawdown
       perpanjangan penarikan fasilitas Kredit Modal                 period for the Working Capital Loan facility until
       Kerja sampai dengan tanggal 13 November 2024,                 13 November 2024. The facility will mature on
       fasilitas tersebut akan jatuh tempo pada tanggal              1 April 2027.
       1 April 2027.

       Pada tanggal 9 Januari 2025, Entitas Anak                     On 9 January 2025, the Subsidiary (PT Mandiri
       (PT Mandiri Utama Finance) dan Bank CIMB Niaga                Utama Finance) and Bank CIMB Niaga signed an
       menandatangani perjanjian penambahan fasilitas                agreement for an additional non-revolving Working
       Kredit Modal Kerja non-revolving dengan batas                 Capital Loan acility with a maximum credit limit of
       maksimum kredit sejumlah Rp400.000 yang                       Rp400,000 and an interest rate adjustable prior to
       dikenakan tingkat suku bunga yang dapat                       withdrawal. The drawdown period for the credit
       disesuaikan sebelum penarikan. Jangka waktu                   facility is available until 9 July 2025, with a maximum
       penarikan fasilitas kredit adalah sampai dengan               loan tenor of 36 months from the withdrawal date.
       9 Juli 2025 dengan tenor pinjaman maksimal 36                 The facility will mature on 9 July 2028.
       bulan sejak tanggal penarikan. Fasilitas akan jatuh
       tempo pada tanggal 9 Juli 2028.

       Pada tanggal 31 Desember 2025 dan 2024,                       As of 31 December 2025 and 2024, outstanding
       pinjaman dari Bank CIMB Niaga masing-masing                   fund borrowings from Bank CIMB Niaga are
       sebesar Rp906.067 dan Rp468.128.                              amounted to Rp906,067 and Rp468,128,
                                                                     respectively.

       PT Bank Danamon Indonesia Tbk                                 PT Bank Danamon Indonesia Tbk

       Pada tanggal 26 September 2019 dan terakhir                   On 26 September 2019, and most recently
       diperpanjang sampai dengan 30 Agustus 2026,                   extended until 30 August 2026, the Subsidiary (PT
       Entitas Anak (PT Mandiri Tunas Finance)                       Mandiri Tunas Finance) obtained an additional
       mendapat tambahan fasilitas Working Capital                   revolving Working Capital Loan facility denominated
       Loan dengan mata uang Rupiah (IDR) dan/atau                   in Rupiah (IDR) and/or United States Dollars (USD)
       Dolar Amerika Serikat (USD) yang bersifat                     from PT Bank Danamon Indonesia Tbk
       revolving dari PT Bank Danamon Indonesia Tbk.                 (“Danamon”), resulting in a total Working Capital
       (“Danamon”) sehingga total keseluruhan fasilitas              Loan facility of Rp150,000.
       Working Capital Loan sebesar Rp150.000.

       Pada tanggal 30 Desember 2019, Entitas Anak                   On 30 December 2019, the Subsidiary (PT Mandiri
       (PT Mandiri Utama Finance) memperoleh fasilitas               Utama Finance) obtained Term Loan I and Working
       Term Loan I dan Working Capital dari Danamon                  Capital facilities from Danamon with a maximum
       dengan batas maksimum kredit masing-masing                    credit limit of Rp350,000 and Rp100,000,
       sejumlah Rp350.000 dan Rp100.000 dengan                       respectively, with an interest rate of 9.00% for the
       tingkat suku bunga 9,00% untuk fasilitas Term                 Term Loan facility and the interest rate is subject to
       Loan dan suku bunga mengikuti suku bunga yang                 the prevailing interest rate for Working Capital
       berlaku untuk fasilitas Working Capital.                      facility.

                                                        322
Page 1337
                                                                                    The original consolidated financial statements
                                                                                  included herein are in the Indonesian language.

        PT BANK MANDIRI (PERSERO) Tbk                                      PT BANK MANDIRI (PERSERO) Tbk
            DAN ENTITAS ANAKNYA                                                  AND ITS SUBSIDIARIES
      CATATAN ATAS LAPORAN KEUANGAN                                         NOTES TO THE CONSOLIDATED
                 KONSOLIDASIAN                                                  FINANCIAL STATEMENTS
       Tanggal 31 Desember 2025 dan untuk                                    As of 31 December 2025 and for
      Tahun Berakhir pada Tanggal Tersebut                                      for the Year Then Ended
         (Disajikan dalam jutaan Rupiah,                                    (Expressed in millions of Rupiah,
             kecuali dinyatakan lain)                                           unless otherwise stated)

36. PINJAMAN YANG DITERIMA (lanjutan)                            36. FUND BORROWINGS (continued)
   (h) Lain-lain (lanjutan)                                         (h) Others (continued)
       Rupiah (lanjutan)                                                Rupiah (continued)
       PT Bank Danamon Indonesia Tbk (lanjutan)                         PT Bank Danamon Indonesia Tbk (continued)
       Jangka waktu penarikan fasilitas Term Loan                       The withdrawal period for the Term Loan facility is
       adalah 12 bulan sejak fasilitas ditandatangani dan               12 months from the time the facility is signed and
       fasilitas bersifat non-revolving. Sedangkan untuk                the facility is non-revolving. Meanwhile, for the
       fasilitas Working Capital Loan, jangka waktu                     Working Capital Loan facility, the withdrawal period
       penarikan adalah 12 bulan sejak fasilitas                        is 12 months from the time the facility is signed and
       ditandatangani dan fasilitas bersifat revolving.                 the facility is revolving. This facility was fully repaid
       Fasilitas ini telah lunas pada tanggal 12 Oktober                on 12 October 2024.
       2024.
       Jangka waktu penarikan fasilitas Working Capital                 The withdrawal period for the Working Capital Loan
       Loan sudah beberapa kali diperpanjang.                           facility has been extended several times.
       Sedangkan fasilitas Term Loan I akan jatuh tempo                 Meanwhile, the Term Loan I facility will mature on
       tanggal 12 Desember 2024. Pada tanggal                           12 December 2024. On 21 December 2022, the
       21 Desember 2022, Entitas Anak melakukan                         Subsidiary extended the Working Capital Facility
       perpanjangan Fasilitas Working Capital dengan                    with a withdrawal period of the facility until
       jangka waktu penarikan fasilitas sampai dengan                   30 August 2023. This facility has been temporarily
       tanggal 30 Agustus 2023. Fasilitas ini telah                     extended until 30 September 2023. Then the
       diperpanjang        sementara      sampai       dengan           Subsidiary on the same date also obtained
       30 September 2023. Kemudian Entitas Anak                         additional Term Loan and Sharia Term Loan
       ditanggal yang sama juga memperoleh tambahan                     facilities a limit of maximum loan amounted to is
       fasilitas Term Loan dan Term Loan Syariah dengan                 Rp400,000 and Rp100,000 respectively with an
       batas maksimum kredit masing-masing sejumlah                     interest rate of 7.00% - 7.25% for the Term Loan
       Rp400.000 dan Rp100.000 dengan tingkat suku                      facility, with the withdrawal period for the Term Loan
       bunga 7,00% - 7,25% untuk fasilitas Term Loan,                   facility is 12 months from the time the facility is
       dengan jangka waktu penarikan fasilitas Term Loan                signed and the facility is non-revolving. This facility
       adalah 12 bulan sejak fasilitas ditandatangani dan               The Term Loan facility will mature on
       fasilitas bersifat non-revolving. Untuk fasilitas Term           13 July 2027. The Working Capital Facility has been
       Loan akan jatuh tempo pada tanggal 13 Juli 2027.                 extended several times, with the latest extension
       Atas Fasilitas Working Capital sudah dilakukan                   valid until 30 August 2026.
       perpanjangan beberapa kali, terakhir perpanjangan
       fasilitas sampai dengan tanggal 30 Agustus 2026.
       Pada tanggal 24 Januari 2025, Perusahaan                         On January 24, 2025, the Subsidiary obtained
       memperoleh tambahan fasilitas Term Loan dan                      additional Term Loan and Sharia Term Loan
       Term Loan Syariah dengan batas maksimum kredit                   facilities with maximum credit limits of Rp450,000
       masing-masing sejumlah Rp450.000 dan Rp50.000                    and Rp50,000, respectively. The indicative interest
       dengan indikatif tingkat suku bunga 7,25% untuk                  rate for the Term Loan facility is 7.25%. The Term
       fasilitas Term Loan, dengan jangka waktu                         Loan facility has a 12-month availability period from
       penarikan fasilitas Term Loan adalah 12 bulan sejak              the signing date and is non-revolving. These
       fasilitas ditanda-tangani dan fasilitas bersifat non             facilities will mature on 2 December 2029 (Term
       revolving. Fasilitas tersebut masing-masing akan                 Loan) and 3 December 2029 (Sharia Term Loan).
       jatuh tempo pada tanggal 2 Desember 2029 (Term
       Loan) dan 3 Desember 2029 (Sharia Term Loan).
       Pada tanggal 12 Desember 2022, Entitas Anak                     On 12 December 2022, the Subsidiary (PT Mandiri
       (PT Mandiri Tunas Finance) mendapat fasilitas                   Tunas Finance) obtained a non-revolving Term
       Term Loan dengan mata uang Rupiah (IDR) yang                    Loan facility in Rupiah (IDR) from Danamon with a
       bersifat non-revolving dari Danamon dengan total                total limit of Rp1,000,000, maturing in December
       limit sebesar Rp1.000.000 dan jatuh tempo pada                  2025. The loan carries a fixed interest rate over the
       bulan Desember 2025. Suku bunga tetap selama                    loan tenor.
       tenor pinjaman.




                                                           323
Page 1338
                                                                                     The original consolidated financial statements
                                                                                   included herein are in the Indonesian language.

        PT BANK MANDIRI (PERSERO) Tbk                                       PT BANK MANDIRI (PERSERO) Tbk
            DAN ENTITAS ANAKNYA                                                   AND ITS SUBSIDIARIES
      CATATAN ATAS LAPORAN KEUANGAN                                          NOTES TO THE CONSOLIDATED
                 KONSOLIDASIAN                                                   FINANCIAL STATEMENTS
       Tanggal 31 Desember 2025 dan untuk                                     As of 31 December 2025 and for
      Tahun Berakhir pada Tanggal Tersebut                                       for the Year Then Ended
         (Disajikan dalam jutaan Rupiah,                                     (Expressed in millions of Rupiah,
             kecuali dinyatakan lain)                                            unless otherwise stated)

36. PINJAMAN YANG DITERIMA (lanjutan)                             36. FUND BORROWINGS (continued)

   (h) Lain-lain (lanjutan)                                          (h) Others (continued)

       Rupiah (lanjutan)                                                 Rupiah (continued)

       PT Bank Danamon Indonesia Tbk (lanjutan)                          PT Bank Danamon Indonesia Tbk (continued)

       Entitas anak (PT Mandiri Sekuritas) memperoleh                    The subsidiary (PT Mandiri Sekuritas) obtained a
       Fasilitas Kredit dari PT Bank Danamon Indonesia                   Credit Facility from PT Bank Danamon Indonesia
       Tbk sejumlah Rp280.000. Jangka waktu fasilitas                    Tbk amounting to Rp280,000. The term of the facility
       tersebut adalah sampai dengan 22 Desember                         is until 22 December 2025. Currently, the Credit
       2025. Adapun saat ini Fasilitas Kredit dalam                      Facility is in the process of being extended. This
       proses perpanjangan. Pinjaman ini telah dilunasi                  loan was fully repaid on 1 October 2025.
       pada tanggal 1 Oktober 2025.
       Pada tanggal 31 Desember 2025 dan 2024,                           As of 31 December 2025 and 2024, outstanding
       pinjaman dari Danamon masing-masing sebesar                       fund borrowings from Danamon are amounted to
       Rp840.197 dan Rp1.008.923.                                        Rp840,197 and Rp1,008,923, respectively.
       Pada tanggal 31 Desember 2025 dan 2024,                           As of 31 December 2025 and 2024, outstanding
       pinjaman dari Danamon Syariah masing-masing                       fund borrowings from Danamon Syariah was
       sebesar Rp120.103 dan Rp109.688.                                  amounted to Rp120,103 and Rp109,688,
                                                                         respectively.

       MUFG Bank, Ltd., Jakarta Branch                                   MUFG Bank, Ltd., Jakarta Branch

       Pada tanggal 11 Februari 2016 dan terakhir                        On 11 February 2016 and most recently amended
       diubah pada tanggal 24 Juli 2025, Entitas Anak                    on 24 July 2025, the Subsidiary (PT Mandiri Tunas
       (PT Mandiri Tunas Finance) dan MUFG Bank Ltd.,                    Finance) and MUFG Bank Ltd., Jakarta (“MUFG”)
       Jakarta (“MUFG”) menandatangani perjanjian                        entered into a loan agreement under which MUFG
       pinjaman dimana MUFG menyediakan fasilitas                        provided an uncommitted revolving Short-Term
       Pinjaman Jangka Pendek Tanpa Komitmen yang                        Loan facility with a total maximum credit limit of
       bersifat revolving dengan total maksimum kredit                   USD78,500,000 (full amount). The applicable
       sebesar USD78.500.000 (nilai penuh) . Suku                        interest rate is the cost of funds for the relevant
       bunga yang dikenakan adalah ongkos pendanaan                      interest period plus a margin applicable at the time
       untuk jangka waktu bunga yang bersangkutan                        of drawdown. The facility has been extended until
       ditambah dengan marjin yang berlaku pada saat                     February 2026.
       penarikan. Fasilitas tersebut diperpanjang sampai
       dengan Februari 2026.

       Pada tanggal 31 Desember 2025 dan 2024,                           As of 31 December 2025 and 2024, outstanding
       pinjaman dari MUFG masing-masing sebesar                          fund borrowings from MUFG was amounted to
       Rp500.000 dan RpNihil.                                            Rp500,000 and RpNil, respectively.

      PT Bank Panin Dubai Syariah Tbk                                   PT Bank Panin Dubai Syariah Tbk

       Pada tanggal 27 Desember 2022, Entitas Anak                       On 27 December 2022, the Subsidiary (PT Mandiri
       (“PT Mandiri Utama Finance”) memperoleh                           Utama Finance) obtained an Executing Financing
       fasilitas pinjaman Executing dari PT Bank Panin                   Facility from PT Bank Panin Dubai Syariah Tbk
       Dubai Syariah Tbk ("Panin Dubai Syariah")                         (“Panin Dubai Syariah”) with a maximum credit limit
       dengan batas maksimum kredit sebesar                              of Rp450,000, with the profit-sharing ratio (nisbah)
       Rp450.000 dengan nisbah bagi hasil ditentukan                     determined at the time of withdrawal. The
       saat penarikan fasilitas. Jangka waktu penarikan                  drawdown period for the facility was available until
       fasilitas tersebut adalah sampai dengan                           31 December 2023, with a maximum financing
       31 Desember 2023 dengan tenor pinjaman                            tenor of 48 months from the withdrawal date. The
       maksimal 48 bulan sejak tanggal penarikan.                        facility will mature on 9 June 2027.
       Fasilitas tersebut akan jatuh tempo tanggal 9 Juni
       2027.




                                                            324
Page 1339
                                                                                The original consolidated financial statements
                                                                              included herein are in the Indonesian language.

        PT BANK MANDIRI (PERSERO) Tbk                                  PT BANK MANDIRI (PERSERO) Tbk
            DAN ENTITAS ANAKNYA                                              AND ITS SUBSIDIARIES
      CATATAN ATAS LAPORAN KEUANGAN                                     NOTES TO THE CONSOLIDATED
                 KONSOLIDASIAN                                              FINANCIAL STATEMENTS
       Tanggal 31 Desember 2025 dan untuk                                As of 31 December 2025 and for
      Tahun Berakhir pada Tanggal Tersebut                                  for the Year Then Ended
         (Disajikan dalam jutaan Rupiah,                                (Expressed in millions of Rupiah,
             kecuali dinyatakan lain)                                       unless otherwise stated)

36. PINJAMAN YANG DITERIMA (lanjutan)                        36. FUND BORROWINGS (continued)

   (h) Lain-lain (lanjutan)                                     (h) Others (continued)

       Rupiah (lanjutan)                                            Rupiah (continued)

       PT Bank Panin Dubai Syariah Tbk (lanjutan)                  PT Bank Panin Dubai Syariah Tbk (continued)

       Pada tanggal 12 November 2024, Entitas Anak                  On 12 November 2024, the Subsidiary (PT Mandiri
       PT Mandiri Utama Finance memperoleh                          Utama Finance) obtained an additional Executing
       tambahan fasilitas pinjaman Executing sehingga               Financing Facility, bringing the total credit limit
       total plafond yang diterima dari Panin Dubai                 received from Bank Panin Dubai Syariah to
       Syariah sebesar Rp500.000 yang bersifat                      Rp500,000, the facility is revolving in nature. The
       revolving. Nisbah bagi hasil ditentukan saat                 profit-sharing ratio (nisbah) determined at the time
       penarikan fasilitas. Jangka waktu penarikan                  of withdrawal. The drawdown period for the facility
       fasilitas tersebut adalah sampai dengan 12 Mei               is available until 12 May 2029, with a maximum
       2029 dengan tenor pinjaman maksimal 48 bulan                 financing tenor of 48 months from the withdrawal
       sejak tanggal penarikan.                                     date.

       Pada tanggal 31 Desember 2025 dan 2024,                      As of 31 December 2025 and 2024, outstanding
       pinjaman dari Panin Dubai Syariah masing-                    fund borrowing from Panin Dubai Syariah are
       masing sebesar Rp469.269 dan Rp366.364.                      amounted to Rp469,269 and Rp366,364,
                                                                    respectively.

        PT Sea Bank Indonesia                                       PT Sea Bank Indonesia

       Pada tanggal 1 November 2024, Entitas Anak                   On 1 November 2024, the Subsidiary (PT Mandiri
       (PT Mandiri Utama Finance) dan PT Bank                       Utama Finance) has signed a credit facility
       Seabank Indonesia ("SeaBank") menandatangani                 agreement Money Market Line with PT Sea Bank
       perjanjian fasilitas pinjaman modal kerja non                Indonesia ("SeaBank") with a maximum credit limit
       revolving dengan batas maksimum kredit                       of Rp500,000, subject to an interest rate of 7.2%.
       sejumlah Rp500.000 yang dikenakan tingkat suku               The credit facility withdrawal period is valid until
       bunga 7,2%. Jangka waktu penarikan fasilitas                 1 May 2025, with a maximum loan tenure of
       kredit adalah sampai dengan 1 Mei 2025 dengan                48 months from the withdrawal date. This facility
       tenor pinjaman maksimal 48 bulan sejak tanggal               will mature on 23 October 2028.
       penarikan. Fasilitas ini akan jatuh tempo pada
       tanggal 23 Oktober 2028.

       Pada tanggal 31 Desember 2025 dan 2024,                      As of 31 December 2025 dan 2024, oustanding fund
       pinjaman dari SeaBank masing-masing sebesar                  borrowings from SeaBank are Rp392,525 and
       Rp392.525 dan Rp148.706.                                     Rp148,706, respectively.

       PT Bank CTBC Indonesia                                       PT Bank CTBC Indonesia

       Pada tanggal 11 September 2024, Entitas Anak                On 11 September 2024, the Subsidiary
       (PT     Mandiri     Utama    Finance)       telah           (PT Mandiri Utama Finance) has signed a credit
       menandatangani perjanjian fasilitas kredit Money            facility agreement Money Market Line with PT Bank
       Market Line dengan PT Bank CTBC Indonesia                   CTBC Indonesia ("CTBC") where the facility
       (“CTBC”) dimana fasilitas yang diberikan akan               provided will mature on 11 September 2025. The
       berakhir tanggal 11 September 2025. Fasilitas               facility provided by CTBC is amounted to
       yang diberikan CTBC sebesar Rp150.000. sesuai               Rp150,000. The interest, according to the market
       suku bunga pasar yang berlaku pada saat                     interest rate in effect at the time of the term
       penarikan pinjaman.                                         promissory loan withdrawal.
       Pada tanggal 7 Desember 2020 dan terakhir                    On 7 December 2020 and most recently extended
       diperpanjang pada tanggal 16 Oktober 2025,                   on 16 October 2025, the Subsidiary (PT Mandiri
       Entitas Anak (PT Mandiri Tunas Finance)                      Tunas Finance) obtained a Combined Loan Limit
       mendapat fasilitas Pinjaman Kombinasi Limit yaitu            facility from CTBC, consisting of a revolving Short-
       Pinjaman Jangka Pendek - Money Market yang                   Term Loan - Money Market and a non-revolving
       bersifat revolving dan Pinjaman Jangka                       Medium-Term Loan - Fixed Interest, with a total loan
       Menengah - Bunga Tetap yang bersifat non-                    facility of Rp200,000.
       revolving dari CTBC sehingga total keseluruhan
       fasilitas Pinjaman sebesar Rp200.000.
                                                       325
Page 1340
                                                                                  The original consolidated financial statements
                                                                                included herein are in the Indonesian language.

        PT BANK MANDIRI (PERSERO) Tbk                                    PT BANK MANDIRI (PERSERO) Tbk
            DAN ENTITAS ANAKNYA                                                AND ITS SUBSIDIARIES
      CATATAN ATAS LAPORAN KEUANGAN                                       NOTES TO THE CONSOLIDATED
                 KONSOLIDASIAN                                                FINANCIAL STATEMENTS
       Tanggal 31 Desember 2025 dan untuk                                  As of 31 December 2025 and for
      Tahun Berakhir pada Tanggal Tersebut                                    for the Year Then Ended
         (Disajikan dalam jutaan Rupiah,                                  (Expressed in millions of Rupiah,
             kecuali dinyatakan lain)                                         unless otherwise stated)

36. PINJAMAN YANG DITERIMA (lanjutan)                          36. FUND BORROWINGS (continued)

   (h) Lain-lain (lanjutan)                                       (h) Others (continued)

       Rupiah (lanjutan)                                              Rupiah (continued)

       PT Bank CTBC Indonesia (lanjutan)                              PT Bank CTBC Indonesia (continued)

       Fasilitas tersebut memiliki jatuh tempo pada bulan             These facilities will mature in March 2028.
       Maret 2028.

       Pada tanggal 31 Desember 2025 dan 2024,                        As of 31 December 2025 and 2024, oustanding fund
       pinjaman dari CTBC masing-masing sebesar                       borrowings from CTBC are Rp349,487 and
       Rp349.487 dan Rp149.711.                                       Rp149,711, respectively.

       PT Bank China Construction Bank Indonesia                      PT Bank China Construction Bank Indonesia
       Tbk                                                            Tbk

       Pada tanggal 22 Februari 2022, Entitas Anak                    On 22 February 2022, the Subsidiary (PT Mandiri
       (PT Mandiri Utama Finance) dan PT Bank China                   Utama Finance) and PT Bank China Construction
       Construction Bank Indonesia Tbk ("CCBI")                       Bank Indonesia Tbk ("CCBI") signed a non-
       menandatangani perjanjian fasilitas pinjaman                   revolving working capital loan facility agreement
       modal kerja non-revolving dengan batas                         with a maximum credit limit of Rp250,000, bearing
       maksimum kredit sejumlah Rp250.000 yang                        an annual interest rate of 6.50%. The drawdown
       dikenakan tingkat suku bunga 6,50% per tahun.                  period of the credit facility was until 22 August 2022,
       Jangka waktu penarikan fasilitas kredit adalah                 with a maximum loan tenor of 48 months from the
       sampai dengan 22 Agustus 2022 dengan tenor                     drawdown date on 7 March 2022. The facility will
       pinjaman maksimal 48 bulan sejak tanggal                       mature on 20 May 2026.
       penarikan pada tanggal 7 Maret 2022. Fasilitas
       tersebut akan jatuh tempo tanggal 20 Mei 2026.

       Pada tanggal 20 Januari 2025, Entitas Anak                     On 20 January 2025, the Subsidiary (PT Mandiri
       (PT Mandiri Tunas Finance) dan CCBI                            Tunas Finance) and CCBI entered into a credit
       menandatangani perjanjian kredit dimana CCBI                   agreement under which CCBI provided a non-
       menyediakan fasilitas Installment Loan dengan                  revolving Installment Loan facility with a total limit of
       total fasilitas sebesar Rp300.000 yang bersifat                Rp300,000. The facility bears a fixed interest rate
       non-revolving. Suku bunga fixed rate sepanjang                 throughout the tenor and will mature in January
       tenor. Fasilitas tersebut memiliki jatuh tempo pada            2028.
       Januari 2028.

       Pada tanggal 10 April 2023, Entitas Anak (PT                   On 10 April 2023, the Subsidiary (PT Mandiri Utama
       Mandiri Utama Finance) dan PT Bank China                       Finance) and PT Bank China Construction Bank
       Construction Bank Indonesia Tbk ("CCBI")                       Indonesia Tbk (“CCBI”) signed a non-revolving
       menandatangani perjanjian fasilitas pinjaman                   Working Capital Loan Facility agreement with a
       modal kerja non-revolving dengan batas                         maximum credit limit of Rp250,000 and an interest
       maksimum kredit sejumlah Rp250.000 yang                        rate ranging from 7.00% to 7.15% per annum. The
       dikenakan tingkat suku bunga 7,00% - 7,15% per                 drawdown period for the credit facility was available
       tahun jangka waktu penarikan fasilitas kredit                  until 10 April 2024, with a maximum loan tenor of 48
       adalah sampai dengan 10 April 2024 dengan tenor                months from the withdrawal date. The facility will
       pinjaman maksimal 48 bulan sejak tanggal                       mature on 24 May 2027.
       penarikan. Fasilitas tersebut akan jatuh tempo
       tanggal 24 Mei 2027.

       Pada tanggal 31 Desember 2025 dan 2024,                        As of 31 December 2025 and 2024, outstanding
       pinjaman dari CCBI masing-masing sebesar                       fund borrowings from CCBI are amounted to
       Rp330.953 dan Rp534.510.                                       Rp330,953 and Rp534,510, respectively.




                                                         326
Page 1341
                                                                                  The original consolidated financial statements
                                                                                included herein are in the Indonesian language.

        PT BANK MANDIRI (PERSERO) Tbk                                    PT BANK MANDIRI (PERSERO) Tbk
            DAN ENTITAS ANAKNYA                                                AND ITS SUBSIDIARIES
      CATATAN ATAS LAPORAN KEUANGAN                                       NOTES TO THE CONSOLIDATED
                 KONSOLIDASIAN                                                FINANCIAL STATEMENTS
       Tanggal 31 Desember 2025 dan untuk                                  As of 31 December 2025 and for
      Tahun Berakhir pada Tanggal Tersebut                                    for the Year Then Ended
         (Disajikan dalam jutaan Rupiah,                                  (Expressed in millions of Rupiah,
             kecuali dinyatakan lain)                                         unless otherwise stated)

36. PINJAMAN YANG DITERIMA (lanjutan)                          36. FUND BORROWINGS (continued)

   (h) Lain-lain (lanjutan)                                       (h) Others (continued)

       Rupiah (lanjutan)                                              Rupiah (continued)

       PT Bank HSBC Indonesia                                         PT Bank HSBC Indonesia
       Pada tanggal 2 November 2023, Entitas Anak (PT                 On 2 November 2023, the Subsidiary (PT Mandiri
       Mandiri Utama Finance) dan PT Bank HSBC                        Utama Finance) and PT Bank HSBC Indonesia
       Indonesia (“HSBC”) menandatangani perjanjian                   (“HSBC”) signed a credit agreement whereby Bank
       kredit dimana HSBC menyediakan fasilitas Kredit                HSBC provides an additional Working Capital
       Modal Kerja dengan maksimum kredit sebesar                     Credit facility with a maximum credit of Rp300,000,
       Rp300.000, yang bersifat revolving dan dikenakan               which is revolving with interest rate of 1% with
       tingkat suku bunga 1% di atas JIBOR pada saat                  JIBOR upon withdrawal. The withdrawal period for
       penarikan. Jangka waktu penarikan fasilitas                    the facility is 24 (twenty four) months from the
       adalah 24 (dua puluh empat) bulan terhitung sejak              effective date the contract was signed. This facility
       tanggal efektif kontrak tersebut ditandatangani.               will mature on 17 July 2026.
       Fasilitas ini akan jatuh tempo pada tanggal 17 Juli
       2026.
       Pada tanggal 17 Juni 2021, Entitas Anak (PT                    On 17 June 2021, the Subsidiary (PT Mandiri Tunas
       Mandiri     Tunas      Finance)      dan     HSBC              Finance) and HSBC entered into a credit agreement
       menandatangani perjanjian kredit dimana HSBC                   under which HSBC provided a revolving Loan
       menyediakan fasilitas Pinjaman Berulang dengan                 facility with a maximum credit limit of Rp250,000.
       maksimum kredit sebesar Rp250.000, yang                        This facility is automatically extended unless HSBC
       bersifat revolving. Fasilitas tersebut diperpanjang            cancels, terminates, or releases PT Mandiri Tunas
       secara otomatis sampai HSBC membatalkan,                       Finance from its obligations in writing. Interest is
       menghentikan, atau membebaskan PT Mandiri                      charged at a fixed rate on each drawdown.
       Tunas Finance dari kewajibannya secara tertulis.
       Bunga akan dibebankan tetap atas setiap
       penarikan.
       Pada tanggal 31 Desember 2025 dan 2024,                        As of 31 December 2025 and 2024, outstanding
       pinjaman dari HSBC masing-masing sebesar                       fund borrowings from HSBC are amounted to
       Rp300.000 dan Rp300.000.                                       Rp300,000 and Rp300,000, respectively.

       PT Bank OCBC NISP                                              PT Bank OCBC NISP

       Pada tanggal 25 September 2025, Entitas Anak                   On 25 September 2025, the Subsidiary (PT Mandiri
       (PT     Mandiri   Sekuritas)  menandatangani                   Sekuritas) signed an amendment to the loan
       perubahan perjanjian pinjaman dengan PT Bank                   agreement with PT Bank OCBC NISP Tbk
       OCBC NISP Tbk (“OCBC”). Entitas Anak                           (“OCBC”). The Company obtained an increase in
       memperoleh kenaikan fasilitas demand loan                      the demand loan facility to Rp300,000 or the
       menjadi sebesar Rp300.000 atau nilai ekuivalen                 equivalent value in USD and a Foreign Exchange
       dalam mata uang USD dan Fasilitas Transaksi                    Transaction Facility with a notional limit of Rp50,000
       valuta asing dengan jumlah batas notional                      with a term until 31 August 2026. The interest rate
       sebesar Rp50.000 dengan jangka waktu sampai                    will be notified by OCBC to the Company before the
       dengan 31 Agustus 2026. Tingkat suku bunga                     Subsidiary makes a withdrawal of the Facility.
       akan diberitahukan oleh OCBC kepada Entitas
       Anak sebelum Entitas Anak melakukan penarikan
       Fasilitas.
       Pada tanggal 10 November 2015 dan terakhir                     On 10 November 2015 and most recently extended
       diperpanjang pada tanggal 27 Oktober 2025,                     on 27 October 2025, the Subsidiary (PT Mandiri
       Entitas Anak (PT Mandiri Tunas Finance)                        Tunas Finance) obtained a revolving Demand Loan
       mendapat fasilitas Demand Loan yang bersifat                   facility from PT Bank OCBC NISP Tbk (“OCBC”),
       revolving dari PT Bank OCBC NISP Tbk (“OCBC”)                  bringing the total Demand Loan facilities to
       sehingga total keseluruhan fasilitas Demand Loan               Rp200,000. The facility is granted for a period up to
       sebesar Rp200.000. Fasilitas tersebut diberikan                November 2026. The applicable interest rate will be
       untuk jangka waktu sampai dengan November                      notified by OCBC to PT Mandiri Tunas Finance one
       2026. Bunga akan diberitahukan oleh OCBC                       day prior to each drawdown of the Demand Loan
       kepada PT Mandiri Tunas Finance 1 hari sebelum                 facility.
       melakukan penarikan fasilitas Demand Loan.
                                                         327
Page 1342
                                                                                The original consolidated financial statements
                                                                              included herein are in the Indonesian language.

        PT BANK MANDIRI (PERSERO) Tbk                                  PT BANK MANDIRI (PERSERO) Tbk
            DAN ENTITAS ANAKNYA                                              AND ITS SUBSIDIARIES
      CATATAN ATAS LAPORAN KEUANGAN                                     NOTES TO THE CONSOLIDATED
                 KONSOLIDASIAN                                              FINANCIAL STATEMENTS
       Tanggal 31 Desember 2025 dan untuk                                As of 31 December 2025 and for
      Tahun Berakhir pada Tanggal Tersebut                                  for the Year Then Ended
         (Disajikan dalam jutaan Rupiah,                                (Expressed in millions of Rupiah,
             kecuali dinyatakan lain)                                       unless otherwise stated)

36. PINJAMAN YANG DITERIMA (lanjutan)                        36. FUND BORROWINGS (continued)

   (h) Lain-lain (lanjutan)                                     (h) Others (continued)

       Rupiah (lanjutan)                                            Rupiah (continued)

       PT Bank OCBC NISP (lanjutan)                                 PT Bank OCBC NISP (continued)

       Pada tanggal 4 Desember 2025, Entitas Anak                   On 4 December 2025, the Subsidiary (PT Mandiri
       (PT Mandiri Utama Finance) memperoleh fasilitas              Utama Finance) obtained revolving Short Term
       Short Term Loan revolving dari PT Bank OCBC                  Loan facility from PT Bank OCBC NISP Tbk
       NISP Tbk ("OCBC") dengan batas maksimum                      ("CTBC") with a maximum credit limit amounted to
       kredit sejumlah Rp200.000 yang dikenakan                     Rp200,000 with interest rate are charges follow
       tingkat suku bunga mengikuti suku bunga pasar                applicable market interest rate. This facility will be
       yang berlaku. Fasilitas ini akan jatuh tempo pada            due on 4 December 2026.
       4 Desember 2026.

       Pada tanggal 31 Desember 2025 dan 2024,                      As of 31 December 2025 and 2024, outstanding
       pinjaman dari OCBC NISP masing-masing                        fund borrowings from OCBC NISP are amounted to
       sebesar Rp299.800 dan RpNihil.                               Rp299,800 and RpNil, respectively.

       PT Bank Muamalat Indonesia Tbk                               PT Bank Muamalat Indonesia Tbk

       Pada tanggal 29 September 2023, Entitas Anak                 On 29 September 2023, the Subsidiary (PT Mandiri
       (PT Mandiri Utama Finance) dan PT Bank                       Utama Finance) and PT Bank Muamalat Indonesia
       Muamalat Indonesia Tbk (“Bank Muamalat”)                     Tbk (“Bank Muamalat”) signed a credit agreement
       menandatangani perjanjian kredit dimana Bank                 where by Bank Muamalat provides an additional
       Muamalat menyediakan tambahan fasilitas                      Executing Credit facility with a maximum credit of
       pinjaman Executing dengan batas maksimum                     Rp600,000. The profit-sharing ratio (nisbah)
       kredit sebesar Rp600.000 dengan nisbah bagi                  determined at the time of withdrawal. The
       hasil ditentukan saat penarikan fasilitas. Jangka            withdrawal period for the facility until 29 September
       waktu penarikan fasilitas tersebut adalah sampai             2024 with tenor of 48 (fourty eight) months from the
       dengan 29 September 2024 dengan tenor                        effective date the contract was signed. The
       pinjaman maksimal 48 (empat puluh delapan)                   drawdown period of the facility has been extended
       bulan sejak tanggal penarikan. Jangka waktu                  until 29 September 2026 and will be mature on
       penarikan fasilitas sudah diperpanjang sampai                29 September 2030.
       dengan tanggal 29 September 2026 dan jangka
       waktu fasilitas akan jatuh tempo pada tanggal
       29 September 2030.

       Pada tanggal 31 Desember 2025 dan 2024,                      As of 31 December 2025 and 2024, outstanding
       pinjaman dari Bank Muamalat masing-masing                    fund borrowings from Bank Muamalat are amounted
       sebesar Rp288.811 dan Rp176.791.                             to Rp288,811 and Rp176,791, respectively.

       PT BPD Daerah Istimewa Yogyakarta                            PT BPD Daerah Istimewa Yogyakarta

       Pada tanggal 15 Desember 2022, Entitas Anak                  On 15 December 2022, the Subsidiary (PT Mandiri
       (PT Mandiri Utama Finance) dan PT BPD Daerah                 Utama Finance) and PT BPD Daerah Istimewa
       Istimewa Yogyakarta (“BPD DIY”) menandatangani               Yogyakarta (“BPD DIY”) signed a credit agreement
       perjanjian kredit di mana BPD DIY menyediakan                whereby Bank BPD DIY provided an additional non-
       tambahan fasilitas Kredit Modal Kerja dengan                 revolving Working Capital Credit Facility with a
       maksimum kredit sebesar Rp100.000 yang bersifat              maximum credit limit of Rp100,000 and an interest
       non revolving dan dikenakan tingkat suku bunga               rate of 6.80% at the time of withdrawal. The facility
       6,80% pada saat penarikan. Jangka waktu kredit               has a term of 36 months from the withdrawal date
       fasilitas adalah 36 bulan sejak tanggal penarikan.           and will mature on 19 December 2025.
       Fasilitas tersebut akan jatuh tempo pada tanggal
       19 Desember 2025.




                                                       328
Page 1343
                                                                                 The original consolidated financial statements
                                                                               included herein are in the Indonesian language.

        PT BANK MANDIRI (PERSERO) Tbk                                   PT BANK MANDIRI (PERSERO) Tbk
            DAN ENTITAS ANAKNYA                                               AND ITS SUBSIDIARIES
      CATATAN ATAS LAPORAN KEUANGAN                                      NOTES TO THE CONSOLIDATED
                 KONSOLIDASIAN                                               FINANCIAL STATEMENTS
       Tanggal 31 Desember 2025 dan untuk                                 As of 31 December 2025 and for
      Tahun Berakhir pada Tanggal Tersebut                                   for the Year Then Ended
         (Disajikan dalam jutaan Rupiah,                                 (Expressed in millions of Rupiah,
             kecuali dinyatakan lain)                                        unless otherwise stated)

36. PINJAMAN YANG DITERIMA (lanjutan)                         36. FUND BORROWINGS (continued)

   (h) Lain-lain (lanjutan)                                      (h) Others (continued)

       Rupiah (lanjutan)                                             Rupiah (continued)

        PT BPD Daerah Istimewa Yogyakarta (lanjutan)                 PT BPD Daerah Istimewa Yogyakarta (continued)

        Pada tanggal 13 September 2023, PT Mandiri                  On 13 September 2023, the Subsidiary (PT Mandiri
        Utama Finance dan BPD DIY menandatangani                    Utama Finance) and BPD DIY signed a credit
        perjanjian kredit dimana BPD DIY menyediakan                agreement whereby BPD DIY provided an additional
        tambahan fasilitas Kredit Modal Kerja dengan                non-revolving Working Capital Credit Facility with a
        maksimum kredit sebesar Rp100.000 yang bersifat             maximum credit limit of Rp100,000 and an interest rate
        non revolving dan dikenakan tingkat suku bunga              of 7.00% at the time of withdrawal. The facility has a
        7,00% pada saat penarikan. Jangka waktu kredit              term of 36 months from the withdrawal date and will
        fasilitas adalah 36 bulan sejak tanggal penarikan.          mature on 2 October 2026.
        Fasilitas tersebut akan jatuh tempo pada tanggal
        2 Oktober 2026.

       Pada tanggal 26 April 2024, Entitas Anak                      On 26 April 2024, the Subsidiary (PT Mandiri Utama
       (PT Mandiri Utama Finance) dan BPD DIY                        Finance) and BPD DIY signed a credit agreement
       menandatangani perjanjian kredit di mana BPD DIY              whereby BPD DIY provided an additional non-
       menyediakan tambahan fasilitas Kredit Modal Kerja             revolving Working Capital Credit Facility with a
       dengan maksimum kredit sebesar Rp200.000, yang                maximum credit limit of Rp200,000 and an interest
       bersifat non revolving dan dikenakan tingkat suku             rate of 7.00% at the time of withdrawal. The facility
       bunga 7,00% pada saat penarikan. Jangka waktu                 has a term of 36 months from the withdrawal date and
       kredit fasilitas adalah 36 bulan sejak tanggal                will mature on 2 May 2027.
       penarikan. Fasilitas tersebut akan jatuh tempo pada
       tanggal 2 Mei 2027.

       Pada tanggal 7 Maret 2025, Entitas Anak                       On 7 March 2025, the Subsidiary (PT Mandiri
       (PT Mandiri Utama Finance) dan BPD DIY                        Utama Finance) and BPD DIY signed a credit
       menandatangani perjanjian kredit di mana BPD DIY              agreement whereby BPD DIY provided an
       menyediakan tambahan fasilitas Kredit Modal Kerja             additional non-revolving Working Capital Credit
       dengan maksimum kredit sebesar Rp200.000 yang                 Facility with a maximum credit limit of Rp200,000
       bersifat non-revolving dan dikenakan tingkat suku             and an interest rate of 7.00% at the time of
       bunga 7,00% pada saat penarikan. Jangka waktu                 withdrawal. The facility has a term of 36 months
       kredit fasilitas adalah 36 bulan sejak tanggal                from the withdrawal date and will mature on
       penarikan. Fasilitas tersebut akan jatuh tempo pada           6 May 2028.
       tanggal 6 Mei 2028.

       Pada tanggal 31 Desember 2025 dan 2024,                       As of 31 December 2025 and 2024, outstanding
       pinjaman dari BPD DIY masing-masing sebesar                   loans from BPD DIY are amounted to Rp275,556
       Rp275.556 dan Rp250.824.                                      and Rp250,824, respectively.

        JP. Morgan Chase Bank                                        JP. Morgan Chase Bank

        Pada tanggal 8 Desember 2024, Entitas Anak (PT               On 8 December 2024, the Subsidiary (PT Mandiri
        Mandiri Utama Finance) dan JP. Morgan Chase                  Utama Finance) and JP. Morgan Chase Bank,
        Bank,     Jakarta   Branch     ("JP    Morgan")              Jakarta Branch (“JP Morgan”) signed a Working
        menandatangani perjanjian fasilitas pinjaman                 Capital Loan Facility agreement denominated in
        modal kerja dalam mata uang USD dengan batas                 USD with a maximum credit limit of USD15,000,000
        maksimum kredit sejumlah USD15.000.000 (nilai                (full amount), bearing an interest rate based on the
        penuh) yang dikenakan tingkat suku bunga sesuai              SOFR reference rate plus a margin. The loan has a
        acuan SOFR dan margin dengan tenor pinjaman                  maximum tenor of 36 months from the withdrawal
        maksimal 36 bulan sejak tanggal penarikan.                   date. The drawdown period for the facility was
        Jangka waktu penarikan fasilitas kredit adalah               initially available until 8 January 2025 and has been
        sampai dengan tanggal 8 Januari 2025, dan sudah              extended until 28 November 2025. The facility will
        dilakukan perpanjangan jangka waktu penarikan                mature on 17 October 2028.
        sampai dengan tanggal 28 November 2025.
        Fasilitas tersebut akan jatuh tempo tanggal
        17 Oktober 2028.

                                                        329
Page 1344
                                                                                 The original consolidated financial statements
                                                                               included herein are in the Indonesian language.

        PT BANK MANDIRI (PERSERO) Tbk                                   PT BANK MANDIRI (PERSERO) Tbk
            DAN ENTITAS ANAKNYA                                               AND ITS SUBSIDIARIES
      CATATAN ATAS LAPORAN KEUANGAN                                      NOTES TO THE CONSOLIDATED
                 KONSOLIDASIAN                                               FINANCIAL STATEMENTS
       Tanggal 31 Desember 2025 dan untuk                                 As of 31 December 2025 and for
      Tahun Berakhir pada Tanggal Tersebut                                   for the Year Then Ended
         (Disajikan dalam jutaan Rupiah,                                 (Expressed in millions of Rupiah,
             kecuali dinyatakan lain)                                        unless otherwise stated)

36. PINJAMAN YANG DITERIMA (lanjutan)                         36. FUND BORROWINGS (continued)

   (h) Lain-lain (lanjutan)                                      (h) Others (continued)

       Rupiah (lanjutan)                                             Rupiah (continued)

       JP. Morgan Chase Bank (lanjutan)                              JP. Morgan Chase Bank (continued)

       Pada tanggal 31 Desember 2025 dan 2024,                       As of 31 December 2025 and 2024, outstanding
       pinjaman dari JP Morgan masing-masing sebesar                 fund borrowings from JP Morgan are amounted to
       Rp248.024 dan RpNihil.                                        Rp248,024 and RpNil, respectively.

       PT Bank of India Indonesia Tbk                                PT Bank of India Indonesia Tbk

       Pada tanggal 16 Januari 2025, Entitas Anak (PT                On 16 January 2025, the Subsidiary (PT Mandiri
       Mandiri Utama Finance) dan PT Bank of India                   Utama Finance) and PT Bank of India Indonesia
       Indonesia Tbk ("Bank of India") menandatangani                Tbk ("Bank of India") signed a non-revolving
       perjanjian fasilitas pinjaman modal kerja non-                working capital loan facility agreement with a
       revolving dengan batas maksimum kredit                        maximum credit limit of Rp300,000 bearing an
       sejumlah Rp300.000 yang dikenakan tingkat suku                interest rate ranging from 6.80% to 7.20%. The
       bunga 6,80% - 7,20%. Jangka waktu penarikan                   credit facility drawdown period is valid until 16 July
       fasilitas kredit adalah sampai dengan 16 Juli 2025            2025, with a maximum loan tenor of 48 months from
       dengan tenor pinjaman maksimal 48 bulan sejak                 the drawdown date. The facility will mature on
       tanggal penarikan. Fasilitas tersebut akan jatuh              20 March 2029.
       tempo tanggal 20 Maret 2029.

       Pada tanggal 2 Agustus 2023, Entitas Anak                     On 2 August 2023, the Subsidiary (PT Mandiri
       (PT Mandiri Tunas Finance) dan PT Bank of India               Tunas Finance) and PT Bank of India Indonesia Tbk
       Indonesia Tbk (“Bank of India”) menandatangani                (“Bank of India”) signed a loan agreement where
       perjanjian kredit dimana Bank of India                        Bank of India provides a Reducing Demand Loan
       menyediakan fasilitas Demand Loan Menurun                     (Executing) facility with a total facility of Rp500,000
       (Executing) dengan total fasilitas sebesar                    with is non-revolving and bears a fixed interest rate
       Rp500.000 yang bersifat non-revolving dan                     of 6.00% - 7.60% the facility will mature on
       dikenakan tingkat suku bunga tetap sebesar                    10 August 2026 and this facility was fully repaid on
       antara 6,00% - 7,60%. Fasilitas tersebut akan                 10 December 2025.
       jatuh tempo pada tanggal 10 Agustus 2026 dan
       fasilitas ini sudah dilunasi pada tanggal
       10 Desember 2025.

       Pada tanggal 31 Desember 2025 dan 2024,                       As of 31 December 2025 and 2024, outstanding
       pinjaman dari Bank of India sebesar Rp241.178                 fund borrowings from Bank of India are amounted to
       dan Rp277.399.                                                Rp241,178 and Rp277,399, respectively.

       PT Bank Shinhan Indonesia                                     PT Bank Shinhan Indonesia

        Pada tanggal 31 Juli 2024, Entitas Anak                      On 31 July 2024, the Subsidiary (PT Mandiri Utama
       (PT Mandiri Utama Finance) dan PT Bank                        Finance) and PT Bank Shinhan Indonesia (“Bank
       Shinhan      Indonesia     ("Bank     Shinhan")               Shinhan”) signed a non-revolving Working Capital
       menandatangani perjanjian fasilitas pinjaman                  Loan Facility agreement with a maximum credit limit
       modal kerja non-revolving dengan batas                        of Rp300,000 and an interest rate of 7.50%. The
       maksimum kredit sejumlah Rp300.000 yang                       drawdown period for the credit facility is available
       dikenakan tingkat suku bunga 7,50%. Jangka                    until 11 December 2024, with a maximum loan tenor
       waktu penarikan fasilitas kredit adalah sampai                of 48 months from the withdrawal date. The facility
       dengan 11 Desember 2024 dengan tenor                          will mature on 19 Agustus 2028.
       pinjaman maksimal 48 bulan sejak tanggal
       penarikan. Fasilitas tersebut akan jatuh tempo
       tanggal 19 Agustus 2028.

       Pada tanggal 31 Desember 2025 dan 2024,                       As of 31 December 2025 and 2024, outstanding
       pinjaman dari Bank Shinhan masing-masing                      borrowing from Bank Shinhan are amounted to
       sebesar Rp199.663 dan Rp274.366.                              Rp199,663 and Rp274,366, respectively.


                                                        330
Page 1345
                                                                                  The original consolidated financial statements
                                                                                included herein are in the Indonesian language.

        PT BANK MANDIRI (PERSERO) Tbk                                    PT BANK MANDIRI (PERSERO) Tbk
            DAN ENTITAS ANAKNYA                                                AND ITS SUBSIDIARIES
      CATATAN ATAS LAPORAN KEUANGAN                                       NOTES TO THE CONSOLIDATED
                 KONSOLIDASIAN                                                FINANCIAL STATEMENTS
       Tanggal 31 Desember 2025 dan untuk                                  As of 31 December 2025 and for
      Tahun Berakhir pada Tanggal Tersebut                                    for the Year Then Ended
         (Disajikan dalam jutaan Rupiah,                                  (Expressed in millions of Rupiah,
             kecuali dinyatakan lain)                                         unless otherwise stated)

36. PINJAMAN YANG DITERIMA (lanjutan)                          36. FUND BORROWINGS (continued)

   (h) Lain-lain (lanjutan)                                       (h) Others (continued)

       Rupiah (lanjutan)                                              Rupiah (continued)

       PT Bank BCA Syariah                                            PT Bank BCA Syariah

       Pada tanggal 18 November 2020, Entitas Anak                    On 18 November 2020, the Subsidiary (PT Mandiri
       (PT Mandiri Utama Finance) memperoleh                          Utama Finance) received an additional Working
       tambahan fasilitas Kredit Modal Kerja dari                     Capital Loan facility from PT Bank BCA Syariah
       PT Bank BCA Syariah (“BCA Syariah”) sehingga                   (“BCA Syariah”) bringing the total credit limit from
       total plafon yang diterima dari PT Bank BCA                    PT Bank BCA Syariah to Rp200,000, with an
       Syariah adalah sebesar Rp200.000 dengan                        interest rate of 9.00%. The drawdown availability
       tingkat suku bunga 9,00%. Kelonggaran tarik                    period of the facility already mature on
       fasilitas tersebut telah jatuh tempo pada tanggal              30 September 2025, with the total credit limit
       30 September 2025 dengan total plafon menjadi                  amounting to Rp400,000.
       Rp400.000.

       Pada tanggal 31 Desember 2025 dan 2024,                        As of 31 December 2025 and 2024, the loans from
       pinjaman dari BCA Syariah masing-masing                        BCA Syariah amounted to Rp189,542 and
       sebesar Rp189.542 dan Rp261.431.                               Rp261,431, respectively.

       PT Bank Permata Indonesia Tbk                                  PT Bank Permata Indonesia Tbk

       Pada tanggal 1 Februari 2023, Entitas Anak                     On 1 February 2023, the Subsidiary (PT Mandiri
       (PT Mandiri Utama Finance) dan PT Bank                         Utama Finance) and PT Bank Permata Indonesia
       Permata Indonesia Tbk (“Bank Permata”) kembali                 Tbk (“Bank Permata”) entered into an additional
       menandatangani tambahan fasilitas pinjaman                     working capital loan facility agreement with Bank
       modal kerja dari PT Bank Permata Tbk berupa                    Permata in the form of a Term Loan and a
       Term Loan dan Musyarakah Mutanaqisoh,                          Musyarakah Mutanaqisah facility, each with a
       dengan batas maksimum kredit masing-masing                     maximum credit limit of Rp200,000. Both facilities
       sejumlah Rp200.000 yang bersifat non-revolving,                are non-revolving in nature. The drawdown period
       kelonggaran tarik fasilitas ini berakhir pada                  for these facilities initially ended on 1 August 2023
       tanggal 1 Agustus 2023 dan sudah diperpanjang                  and was subsequently extended until 31 October
       sampai dengan 31 Oktober 2023. Pada tanggal                    2023. As of 31 December 2023, the drawdown
       31 Desember 2023, kelonggaran tarik fasilitas                  period for the Musyarakah Mutanaqisah facility had
       Musyarakah Mutanaqisoh berakhir dan tidak                      ended and was not extended. The Term Loan
       dilakukan perpanjangan. Untuk fasilitas Term                   facility will mature on 20 September 2027.
       Loan akan jatuh tempo pada tanggal
       20 September 2027.

       Pada tanggal 10 Juni 2024, PT Mandiri Utama                    On 10 June 2024, PT Mandiri Utama Finance and
       Finance dan PT Bank Permata Indonesia Tbk                      PT Bank Permata Indonesia Tbk (“Bank Permata”)
       (“Bank Permata”) kembali menandatangani                        entered into an additional multicurrency (IDR and
       tambahan fasilitas pinjaman modal kerja dalam                  USD) working capital loan facility in the form of a
       multicurrency (IDR dan USD) dari PT Bank                       Term Loan with a maximum credit limit of
       Permata Tbk berupa Term Loan dengan batas                      Rp500,000. The facility is non-revolving, and its
       maksimum kredit sejumlah Rp500.000 yang                        availability period ended on 10 March 2025, with no
       bersifat non-revolving, kelonggaran tarik fasilitas            extension made by the Subsidiary. On the same
       ini berakhir pada tanggal 10 Maret 2025 dan tidak              date, the Company also obtained a Forex Line
       dilakukan perpanjangan oleh Perusahaan. Pada                   facility with a total limit of USD10,500,000 and a
       tanggal     yang    sama,     Perusahaan     juga              facility term of 1 year. The Company did not extend
       mendapatkan fasilitas Forex Line dengan total                  this Forex Line facility.
       limit USD10.500.000 dan jangka waktu fasilitas 1
       tahun. Atas fasilitas Forex Line tersebut
       Perusahaan tidak melakukan perpanjangan.




                                                         331
Page 1346
                                                                                 The original consolidated financial statements
                                                                               included herein are in the Indonesian language.

        PT BANK MANDIRI (PERSERO) Tbk                                   PT BANK MANDIRI (PERSERO) Tbk
            DAN ENTITAS ANAKNYA                                               AND ITS SUBSIDIARIES
      CATATAN ATAS LAPORAN KEUANGAN                                      NOTES TO THE CONSOLIDATED
                 KONSOLIDASIAN                                               FINANCIAL STATEMENTS
       Tanggal 31 Desember 2025 dan untuk                                 As of 31 December 2025 and for
      Tahun Berakhir pada Tanggal Tersebut                                   for the Year Then Ended
         (Disajikan dalam jutaan Rupiah,                                 (Expressed in millions of Rupiah,
             kecuali dinyatakan lain)                                        unless otherwise stated)

36. PINJAMAN YANG DITERIMA (lanjutan)                         36. FUND BORROWINGS (continued)

   (h) Lain-lain (lanjutan)                                      (h) Others (continued)

       Rupiah (lanjutan)                                             Rupiah (continued)

       PT Bank Permata Indonesia Tbk (lanjutan)                      PT Bank Permata Indonesia Tbk (continued)

       Entitas anak (PT Mandiri Sekuritas) memperoleh                The Subsidiary (PT Mandiri Sekuritas) obtained a
       fasilitas Money Market Loan dalam mata uang IDR               Money Market Loan Facility in IDR and USD
       dan USD yang dapat digunakan dipergunakan                     currencies which can also be used for Bank
       juga untuk Fasilitas Bank Garansi dengan                      Guarantee Facilities with the provision that the total
       ketentuan jumlah penarikan bersama-sama tidak                 withdrawal amount does not exceed Rp250,000.
       melebihi Rp250.000. Fasilitas ini berlaku sampai              This facility is valid until 7 October 2025 and if until
       dengan 7 Oktober 2025 dan apabila sampai                      the end of the facility period Mandiri Sekuritas has
       dengan berakhirnya jangka waktu fasilitas Mandiri             not decided to terminate or extend the facility
       Sekuritas belum memutuskan untuk mengakhiri                   period, the facility period will be deemed to be
       atau memperpanjang jangka waktu fasilitas maka                automatically extended for three months from the
       jangka waktu fasilitas dianggap diperpanjang                  date of the end of the facility period. This loan was
       secara otomatis selama tiga bulan terhitung sejak             fully repaid on 2 January 2026.
       tanggal berakhirnya jangka waktu fasilitas.
       Pinjaman ini telah dilunasi pada tanggal 2 Januari
       2026.

       Pada tanggal 31 Desember 2025 dan 2024,                       As of 31 December 2025 and 2024, outstanding
       pinjaman dari Bank Permata masing-masing                      fund borrowings from Bank Permata was amounted
       sebesar Rp182.205 dan Rp218.139.                              to Rp182,205 and Rp218,139, respectively.

       PT Bank Jtrust Indonesia Tbk                                  PT Bank Jtrust Indonesia Tbk

       Pada tanggal 31 Januari 2023, Entitas Anak                    On 31 January 2023, the Subsidiary, PT Mandiri
       (PT Mandiri Utama Finance) memperoleh                         Utama Finance, obtained an additional non-
       tambahan fasilitas kredit modal kerja non-                    revolving working capital credit facility from PT Bank
       revolving dari PT Bank JTrust Indonesia (“Jtrust”)            JTrust Indonesia (“Jtrust”) with a maximum credit
       dengan batas maksimum kredit sejumlah                         limit of Rp200,000 and an interest rate ranging from
       Rp200.000 dengan tingkat suku bunga sebesar                   6.85% - 7.00% per annum. The facility has a
       6,85% - 7,00% dengan tenor pinjaman maksimal                  maximum tenor of 48 (fourty-eight) months from the
       48 (empat puluh delapan) bulan sejak tanggal                  drawdown date and will mature on 20 March 2027.
       penarikan. Fasilitas tersebut akan jatuh tempo
       tanggal tgl 20 Maret 2027.

       Pada tanggal 22 Februari 2022, Entitas Anak                   On     22    February    2022,   the    Subsidiary
       (PT Mandiri Utama Finance) memperoleh                         (PT Mandiri Utama Finance) obtained an additional
       tambahan fasilitas Kredit Modal Kerja non-                    non-revolving Working Capital Credit facility from
       revolving dari PT Bank Jtrust Indonesia Tbk                   PT Bank Jtrust Indonesia Tbk (“Jtrust”) with a
       (“Jtrust”) dengan batas maksimum kredit sejumlah              maximum credit limit of Rp200,000 with an interest
       Rp200.000 dengan tingkat suku bunga sebesar                   rate of 7.25% with a maximum loan tenor of 48
       7,25% dengan tenor pinjaman maksimal 48                       (fourty eight) months from the date of withdrawal
       (empat puluh delapan) bulan sejak tanggal                     and the drawdown period for the loan facility is until
       penarikan dan jangka waktu penarikan fasilitas                22 February 2023. The facility will mature on
       kredit sampai dengan 22 Februari 2023. Fasilitas              8 September 2026.
       tersebut akan jatuh tempo tanggal 8 September
       2026.




                                                        332
Page 1347
                                                                                The original consolidated financial statements
                                                                              included herein are in the Indonesian language.

        PT BANK MANDIRI (PERSERO) Tbk                                  PT BANK MANDIRI (PERSERO) Tbk
            DAN ENTITAS ANAKNYA                                              AND ITS SUBSIDIARIES
      CATATAN ATAS LAPORAN KEUANGAN                                     NOTES TO THE CONSOLIDATED
                 KONSOLIDASIAN                                              FINANCIAL STATEMENTS
       Tanggal 31 Desember 2025 dan untuk                                As of 31 December 2025 and for
      Tahun Berakhir pada Tanggal Tersebut                                  for the Year Then Ended
         (Disajikan dalam jutaan Rupiah,                                (Expressed in millions of Rupiah,
             kecuali dinyatakan lain)                                       unless otherwise stated)

36. PINJAMAN YANG DITERIMA (lanjutan)                        36. FUND BORROWINGS (continued)

   (h) Lain-lain (lanjutan)                                     (h) Others (continued)

       Rupiah (lanjutan)                                            Rupiah (continued)

       PT Bank Jtrust Indonesia Tbk (lanjutan)                      PT Bank Jtrust Indonesia Tbk (continued)

       Pada tanggal 7 November 2023, Entitas Anak (PT               On 7 November 2023, the Subsidiary (PT Mandiri
       Mandiri Utama Finance) memperoleh tambahan                   Utama Finance) obtained an additional non-
       fasilitas kredit modal kerja non-revolving dengan            revolving Working Capital Credit Facility with a
       batas maksimum kredit sejumlah Rp150.000                     maximum credit limit of Rp150,000 and an interest
       dengan tingkat suku bunga sebesar 7,00%                      rate of 7.00%. The loan has a maximum tenor of 48
       dengan tenor pinjaman maksimal 48 bulan sejak                months from the withdrawal date, with the
       tanggal penarikan dan jangka waktu penarikan                 drawdown period available until 31 January 2024.
       fasilitas kredit sampai dengan 31 Januari 2024.              The facility will mature on 4 December 2027.
       Fasilitas tersebut akan jatuh tempo tanggal
       4 Desember 2027.
       Pada tanggal 15 November 2024, Entitas Anak (PT              On 15 November 2024, the Subsidiary (PT Mandiri
       Mandiri Utama Finance) memperoleh tambahan                   Utama Finance) obtained an additional non-
       fasilitas kredit modal kerja non-revolving dengan            revolving Working Capital Credit Facility with a
       batas maksimum kredit sejumlah Rp170.000                     maximum credit limit of Rp170,000 and an interest
       dengan tingkat suku bunga sesuai kesepakatan                 rate determined based on the agreement at the time
       pada saat penarikan dan tenor pinjaman maksimal              of withdrawal. The loan has a maximum tenor of 48
       48 bulan sejak tanggal penarikan. Jangka waktu               months from the withdrawal date, with the
       penarikan fasilitas kredit sampai dengan                     drawdown period available until 15 November
       15 November 2025.                                            2025.
       Pada tanggal 31 Desember 2025 dan 2024,                      As of 31 December 2025 and 2024, outstanding
       pinjaman dari Bank Jtrust Indonesia masing-                  fund borrowings from Bank Jtrust Indonesia was
       masing sebesar Rp177.461 dan Rp345.316.                      amounted to Rp177,461 and Rp345,316,
                                                                    respectively.
       PT Bank Bumi Arta Tbk                                        PT Bank Bumi Arta Tbk

       Pada tanggal 13 Agustus 2024, Entitas Anak                   On 13 August 2024, the Subsidiary (PT Mandiri
       (PT Mandiri Utama Finance) dan PT Bank Bumi                  Utama Finance) and PT Bank Bumi Arta Tbk (“Bank
       Arta Tbk (“Bank Arta”) menandatangani perjanjian             Arta”) signed a credit agreement whereby Bank Arta
       kredit dimana Bank Arta menyediakan fasilitas                provides a non-revolving Working Capital Credit
       Kredit Modal Kerja dengan maksimum kredit                    facility with a maximum credit of Rp200,000 and
       sebesar Rp200.000 yang bersifat non-revolving dan            bears an interest rate of 7.00% - 7.25%. The facility
       dikenakan tingkat suku bunga 7,00% - 7,25%.                  will mature on 13 September 2028.
       Fasilitas tersebut akan jatuh tempo pada tanggal
       13 September 2028.

       Pada tanggal 31 Desember 2025 and 2024,                      As of 31 December 2025 and 2024, outstanding
       pinjaman dari Bank Bumi Arta masing-masing                   borrowing from Bank Bumi Arta are amounted to
       sebesar Rp176.704 dan Rp190.457.                             Rp176,704 and Rp190,457, respectively.
       PT Bank KEB Hana Indonesia                                   PT Bank KEB Hana Indonesia

       Pada tanggal 29 Mei 2023, Entitas Anak                       On 29 May 2023, the Subsidiary (PT Mandiri Utama
       (PT Mandiri Utama Finance) dan PT Bank KEB                   Finance) and PT Bank KEB Hana Indonesia (“Bank
       Hana Indonesia (“Bank Hana”) menandatangani                  Hana”) signed a credit agreement in which Bank
       perjanjian kredit dimana Bank Hana memberikan                Hana provided an additional Working Capital Credit
       tambahan fasilitas Kredit Modal Kerja   non-                 facility with a maximum amount of Rp200,000. This
       revolving dengan maksimum fasilitas sebesar                  facility is non-revolving and carries an interest rate
       Rp200.000 dengan suku bunga 7,25% dan akan                   of 7.25%. The facility will mature on 20 June 2027.
       jatuh tempo pada 20 Juni 2027.




                                                       333
Page 1348
                                                                                 The original consolidated financial statements
                                                                               included herein are in the Indonesian language.

        PT BANK MANDIRI (PERSERO) Tbk                                   PT BANK MANDIRI (PERSERO) Tbk
            DAN ENTITAS ANAKNYA                                               AND ITS SUBSIDIARIES
      CATATAN ATAS LAPORAN KEUANGAN                                      NOTES TO THE CONSOLIDATED
                 KONSOLIDASIAN                                               FINANCIAL STATEMENTS
       Tanggal 31 Desember 2025 dan untuk                                 As of 31 December 2025 and for
      Tahun Berakhir pada Tanggal Tersebut                                   for the Year Then Ended
         (Disajikan dalam jutaan Rupiah,                                 (Expressed in millions of Rupiah,
             kecuali dinyatakan lain)                                        unless otherwise stated)

36. PINJAMAN YANG DITERIMA (lanjutan)                         36. FUND BORROWINGS (continued)

   (h) Lain-lain (lanjutan)                                      (h) Others (continued)

       Rupiah (lanjutan)                                             Rupiah (continued)

       PT Bank KEB Hana Indonesia (lanjutan)                         PT Bank KEB Hana Indonesia (continued)

       Pada tanggal 29 Desember 2025, Entitas Anak                   On 29 December 2025, the Subsidiary (PT Mandiri
       (PT Mandiri Sekuritas) memperoleh fasilitas kredit            Sekuritas) obtained a credit facility from PT Bank
       dari PT Bank KEB Hana (“Bank Hana”) Indonesia                 KEB Hana Indonesia (“Bank Hana”) in the form of a
       berupa fasilitas Money Market Line sebesar                    Money Market Line facility of Rp150,000 valid until
       Rp150.000 berlaku hingga 28 Maret 2026.                       28 March 2026. Based on the provisions of the
       Berdasarkan ketentuan dalam perjanjian, suku                  agreement, the interest rate on money market
       bunga fasilitas Money Market berdasarkan suku                 facilities based on the Money Market interest rate
       bunga Money Market yang berlaku di Bank Hana                  applicable at Bank Hana at the time of
       saat pencairan (per annum efektif, mengambang)                disbursement (per annum effective, floating)
       berlaku tetap selama jangka waktu penggunakan                 remains valid for the period of use of each
       setiap kredit yang dicairkan atau digunakan.                  disbursed or used loan. This loan was fully repaid
       Pinjaman ini telah dilunasi pada tanggal 6 Januari            on 6 January 2026.
       2026.
       Pada tanggal 31 Desember 2025 dan 2024,                       As of 31 December 2025 and 2024, the loans from
       pinjaman dari Bank Hana masing-masing sebesar                 Bank Hana were Rp173,888 and Rp223,764,
       Rp173.888 dan Rp223.764.                                      respectively
       PT Bank QNB Indonesia Tbk                                     PT Bank QNB Indonesia Tbk
       Pada tanggal 24 Mei 2023, Entitas Anak                        On 24 May 2023, the Subsidiary (PT Mandiri Tunas
       (PT Mandiri Tunas Finance) dan PT Bank QNB                    Finance) and PT Bank QNB Indonesia Tbk (“QNB”)
       Indonesia     Tbk     (“QNB”)    menandatangani               signed a loan agreement which QNB provides Fixed
       perjanjian kredit dimana QNB menyediakan                      Loan facility with total limit amounting to Rp600,000
       fasilitas Fixed Loan Facility dengan total                    which is non-revolving and bears a fixed market
       maksimum kredit sebesar Rp600.000 yang                        interest rate of 6.75% at the withdrawal date. This
       bersifat non-revolving dan dikenakan tingkat suku             facility will mature on 7 August 2026. This loan was
       bunga tetap sebesar 6,75% pada saat penarikan.                fully settled on 17 October 2025.
       Fasilitas tersebut akan jatuh tempo pada
       7 Agustus 2026. Pinjaman ini telah dilunasi pada
       tanggal 17 Oktober 2025.

       Pada tanggal 28 Maret 2024, Entitas Anak                      On 28 March 2024, the Subsidiary (PT Mandiri
       (PT Mandiri   Utama    Finance)     dan  QNB                  Utama Finance) and QNB signed a loan agreement
       menandatangani perjanjian kredit dimana QNB                   which QNB provides Additional Fixed Loan facility
       menyediakan fasilitas Fixed Loan Facility                     with total limit amounted to Rp300,000 which is non-
       tambahan dengan total maksimum kredit sebesar                 revolving and bears a fixed market interest rate of
       Rp300.000 yang bersifat non-revolving dan                     7.45% at the withdrawal date. This facility will
       dikenakan tingkat suku bunga tetap sebesar                    mature on 14 June 2028.
       7,45% pada saat penarikan. Fasilitas tersebut
       akan jatuh tempo pada 14 Juni 2028.

       Pada tanggal 31 Desember 2025 dan 2024,                       As of 31 December 2025 and 2024, outstanding
       pinjaman dari QNB masing-masing sebesar                       fund borrowings from QNB are amounted to
       Rp151.807 dan Rp422.143.                                      Rp151,807 and Rp422,143, respectively.




                                                        334
Page 1349
                                                                                 The original consolidated financial statements
                                                                               included herein are in the Indonesian language.

        PT BANK MANDIRI (PERSERO) Tbk                                   PT BANK MANDIRI (PERSERO) Tbk
            DAN ENTITAS ANAKNYA                                               AND ITS SUBSIDIARIES
      CATATAN ATAS LAPORAN KEUANGAN                                      NOTES TO THE CONSOLIDATED
                 KONSOLIDASIAN                                               FINANCIAL STATEMENTS
       Tanggal 31 Desember 2025 dan untuk                                 As of 31 December 2025 and for
      Tahun Berakhir pada Tanggal Tersebut                                   for the Year Then Ended
         (Disajikan dalam jutaan Rupiah,                                 (Expressed in millions of Rupiah,
             kecuali dinyatakan lain)                                        unless otherwise stated)

36. PINJAMAN YANG DITERIMA (lanjutan)                         36. FUND BORROWINGS (continued)

   (h) Lain-lain (lanjutan)                                      (h) Others (continued)

       Rupiah (lanjutan)                                             Rupiah (continued)

       PT Bank DKI (Unit Usaha Syariah)                              PT Bank DKI (Sharia Business Unit)

       Pada tanggal 19 Desember 2023, Entitas Anak                   On 19 December 2023, the Subsidiary (PT Mandiri
       (PT Mandiri Utama Finance) memperoleh fasilitas               Utama Finance) obtained a Mudharabah
       Pembiayaan Mudharabah dari PT Bank DKI (Unit                  Financing Facility from PT Bank DKI (Sharia
       Usaha Syariah) dengan batas maksimum                          Business Unit) with a maximum financing limit of
       pembiayaan sebesar Rp150.000 dengan nisbah                    Rp150,000. The profit-sharing ratio (nisbah) will
       bagi hasil ditentukan saat penarikan fasilitas.               be determined at the time of the facility drawdown.
       Jangka waktu penarikan fasilitas tersebut adalah              The drawdown period is valid until 19 June 2024,
       sampai dengan 19 Juni 2024 dengan tenor                       with a maximum loan tenor of 36 months from the
       pinjaman maksimal 36 bulan sejak tanggal                      drawdown date. The facility will be mature on
       penarikan. Fasilitas tersebut telah jatuh tempo               2 May 2027.
       tanggal 2 Mei 2027.

       Pada tanggal 7 Januari 2025, Entitas Anak                     On 7 January 2025, the Subsidiary (PT Mandiri
       (PT Mandiri Utama Finance) memperoleh                         Utama Finance) obtained an                additional
       penambahan fasilitas Pembiayaan Mudharabah                    Mudharabah Financing Facility from PT Bank DKI
       dari PT Bank DKI (Unit Usaha Syariah) ("Bank DKI              (Sharia Business Unit) (“Bank DKI Syariah”) with a
       Syariah") dengan batas maksimum pembiayaan                    maximum financing limit of Rp100,000 and a
       sebesar Rp100.000 dengan nisbah bagi hasil                    profit-sharing ratio (nisbah) determined at the time
       ditentukan saat penarikan fasilitas. Jangka waktu             of withdrawal. The drawdown period for the facility
       penarikan fasilitas tersebut adalah sampai dengan             is available until 7 July 2025, with a maximum
       7 Juli 2025 dengan tenor pinjaman maksimal 60                 financing tenor of 60 months from the withdrawal
       bulan sejak tanggal penarikan, fasilitas tersebut             date. The facility will mature on 25 June 2030.
       akan jatuh tempo tanggal 25 Juni 2030.

       Pada tanggal 31 Desember 2025 dan 2024,                       As of 31 December 2025 and 31 December 2024,
       pinjaman dari PT Bank DKI (Unit Usaha Syariah)                outstanding fund borrowings from PT Bank DKI
       masing-masing    sebesar    Rp146.609     dan                 (Sharia Business Unit) was amounted to
       Rp109.657.                                                    Rp146,609 and Rp109,657, respectively.

        PT Bank Maspion Tbk                                          PT Bank Maspion Tbk

        Pada tanggal 18 September 2023, Entitas Anak                 On 18 September 2023, the Subsidiary (PT Mandiri
       (PT Mandiri Tunas Finance) dan Bank Maspion                   Tunas Finance) and Bank Maspion (“Maspion”)
       (“Maspion”) menandatangani perjanjian fasilitas               signed a Fixed Loan Sliding Installment Working
       Pinjaman Modal Kerja Fixed Loan Sliding dengan                Capital Loan facility agreement with a total facility
       total fasilitas sebesar Rp300.000 yang bersifat               amounting to Rp300,000, which is non-revolving.
       non-revolving. Fasilitas tersebut akan jatuh tempo            The facility will mature on 4 April 2027 with interest
       tanggal 4 April 2027 dengan tingkat suku bunga                rate of 6.75%.
       6,75%.

       Pada tanggal 31 Desember 2025 dan 2024,                       As of 31 December 2025 and 2024, the outstanding
       pinjaman dari Maspion masing-masing sebesar                   loans from Maspion are amounted to Rp133,190
       Rp133.190 dan Rp232.897.                                      and Rp232,897, respectively.




                                                        335
Page 1350
                                                                                The original consolidated financial statements
                                                                              included herein are in the Indonesian language.

        PT BANK MANDIRI (PERSERO) Tbk                                  PT BANK MANDIRI (PERSERO) Tbk
            DAN ENTITAS ANAKNYA                                              AND ITS SUBSIDIARIES
      CATATAN ATAS LAPORAN KEUANGAN                                     NOTES TO THE CONSOLIDATED
                 KONSOLIDASIAN                                              FINANCIAL STATEMENTS
       Tanggal 31 Desember 2025 dan untuk                                As of 31 December 2025 and for
      Tahun Berakhir pada Tanggal Tersebut                                  for the Year Then Ended
         (Disajikan dalam jutaan Rupiah,                                (Expressed in millions of Rupiah,
             kecuali dinyatakan lain)                                       unless otherwise stated)

36. PINJAMAN YANG DITERIMA (lanjutan)                        36. FUND BORROWINGS (continued)

   (h) Lain-lain (lanjutan)                                     (h) Others (continued)

       Rupiah (lanjutan)                                            Rupiah (continued)

       PT Bank ICBC Indonesia                                       PT Bank ICBC Indonesia

       Pada tanggal 14 Agustus 2025, Entitas Anak                   On 14 August 2025, the Subsidiary (PT Mandiri
       (PT     Mandiri    Sekuritas)    menandatangani              Sekuritas) signed a Credit Agreement with PT Bank
       Perjanjian Kredit dengan PT Bank ICBC                        ICBC Indonesia. The Company obtained a Credit
       Indonesia. Perusahaan memperoleh Fasilitas                   Facility in the form of a New Uncommitted -
       Kredit dalam bentuk New Uncommitted -                        Revolving Fixed Loan on Demand-A (PTD-A) up to
       Revolving Pinjaman Tetap on Demand-A (PTD-A)                 a total principal amount not exceeding Rp200,000.
       hingga jumlah pokok yang seluruhnya tidak                    The term of this Credit Facility is 1 (one) year from
       melebihi Rp200.000. Jangka waktu Fasilitas                   the date of signing the Deed of Agreement. This
       Kredit ini adalah 1 (satu) tahun sejak tanggal               loan was fully repaid on 6 January 2026
       penandatanganan Akta Perjanjian. Pinjaman ini
       telah dilunasi pada tanggal 6 Januari 2026.

       Pada tanggal 31 Desember 2025 dan 2024,                      As of 31 December 2025 and 2024, outstanding
       pinjaman dari Bank ICBC masing-masing sebesar                fund borrowings from Bank ICBC are amounted to
       Rp100.000 dan RpNihil.                                       Rp100,000 and RpNil, respectively.

       PT Bank UOB Indonesia                                        PT Bank UOB Indonesia

        Pada tanggal 23 November 2021 dan terakhir                  On 23 November 2021 and most recently extended
       diperpanjang pada tanggal 14 Mei 2025, Entitas               on 14 May 2025, the Subsidiary (PT Mandiri Tunas
       Anak (PT Mandiri Tunas Finance) dan PT Bank                  Finance) and PT Bank UOB Indonesia (“UOB”)
       UOB      Indonesia    (“UOB”)  menandatangani                entered into a credit agreement under which UOB
       perjanjian kredit dimana Bank UOB menyediakan                provided an uncommitted Term Loan sublimit under
       fasilitas Term Loan Sublimit Revolving Credit                a Revolving Credit facility with a limit of Rp560,000.
       dengan nilai limit sebesar Rp560.000 yang                    The interest rate is fixed for loans that have been
       bersifat uncommitted. Suku bunga berlaku fixed               drawn. The Term Loan facilities have matured and
       untuk pinjaman yang sudah ditarik. Fasilitas Term            were fully repaid in March 2025 and September
       Loan sudah jatuh tempo dan lunas pada bulan                  2025. The Revolving Credit facility has been further
       Maret 2025 dan September 2025. Jangka waktu                  extended until May 2026.
       fasilitas Revolving Credit telah diperpanjang
       kembali hingga Mei 2026.

       Entitas Anak (PT Mandiri Sekuritas) melakukan                The Subsidiary (PT Mandiri Sekuritas) has signed
       penandatangan perubahan perjanjian kredit                    an amendment to the credit agreement with UOB
       dengan UOB yang berlaku sampai dengan                        which is valid until 30 May 2026. UOB provides
       tanggal 30 Mei 2026. UOB memberikan Revolving                Revolving Credit Facility (RCF) up to the principal
       Credit Facility (RCF) hingga jumlah pokok tidak              amount not exceeding Rp300,000 or in United
       melebihi Rp300.000 atau dalam mata uang Dolar                States Dollars approved by UOB, with a sub-limit of
       Amerika Serikat yang disetujui oleh UOB, dengan              the Bank Guarantee facility up to the principal
       sub limit fasilitas bank Garansi hingga jumlah               amount not exceeding Rp300,000. The provisions
       pokok tidak melebihi Rp300.000. Adapun                       of the outstanding RCF and BG facilities must not
       ketentuan outstanding fasilitas RCF dan Bank                 exceed Rp300,000. Subsidiaries also obtain foreign
       Garansi (BG) tidak boleh melebihi Rp300.000.                 exchange line facilities that are uncommitted. This
       Entitas Anak juga memperoleh fasilitas foreign               loan was fully repaid on 3 December 2025.
       exchange line yang bersifat uncommitted.
       Pinjaman ini telah dilunasi pada tanggal
       3 Desember 2025.




                                                       336
Page 1351
                                                                                 The original consolidated financial statements
                                                                               included herein are in the Indonesian language.

        PT BANK MANDIRI (PERSERO) Tbk                                   PT BANK MANDIRI (PERSERO) Tbk
            DAN ENTITAS ANAKNYA                                               AND ITS SUBSIDIARIES
      CATATAN ATAS LAPORAN KEUANGAN                                      NOTES TO THE CONSOLIDATED
                 KONSOLIDASIAN                                               FINANCIAL STATEMENTS
       Tanggal 31 Desember 2025 dan untuk                                 As of 31 December 2025 and for
      Tahun Berakhir pada Tanggal Tersebut                                   for the Year Then Ended
         (Disajikan dalam jutaan Rupiah,                                 (Expressed in millions of Rupiah,
             kecuali dinyatakan lain)                                        unless otherwise stated)

36. PINJAMAN YANG DITERIMA (lanjutan)                         36. FUND BORROWINGS (continued)

   (h) Lain-lain (lanjutan)                                      (h) Others (continued)

       Rupiah (lanjutan)                                             Rupiah (continued)

       PT Bank UOB Indonesia (lanjutan)                              PT Bank UOB Indonesia (continued)

       Entitas Anak (PT Mandiri Sekuritas) melakukan                 The Subsidiary (PT Mandiri Sekuritas) has signed
       penandatangan perubahan perjanjian kredit                     an amendment to the credit agreement with UOB
       dengan UOB yang berlaku sampai dengan                         which is valid until 30 May 2026. The Bank provides
       tanggal 30 Mei 2026. Bank memberikan Revolving                Revolving Credit Facility (RCF) up to the principal
       Credit Facility (RCF) hingga jumlah pokok tidak               amount not exceeding Rp300,000 or in United
       melebihi Rp300.000 atau dalam mata uang Dolar                 States Dollars approved by the Bank, with a sub-
       Amerika Serikat yang disetujui oleh Bank, dengan              limit of the Bank Guarantee facility up to the
       sub limit fasilitas bank Garansi hingga jumlah                principal amount not exceeding Rp300,000. The
       pokok tidak melebihi Rp300.000. Adapun                        provisions of the outstanding RCF and BG facilities
       ketentuan outstanding fasilitas RCF dan Bank                  must not exceed Rp300,000. Subsidiaries also
       Garansi (BG) tidak boleh melebihi Rp300.000.                  obtain foreign exchange line facilities that are
       Entitas Anak juga memperoleh fasilitas foreign                uncommitted. This loan was fully repaid on
       exchange line yang bersifat uncommitted.                      6 January 2026.
       Pinjaman ini telah dilunasi pada tanggal 6 Januari
       2026.

       Pada tanggal 31 Desember 2025 dan 2024,                       As of 31 December 2025 and 2024, outstanding
       pinjaman dari UOB masing-masing sebesar                       fund borrowings from UOB are amounted to
       Rp100.000 dan Rp204.114.                                      Rp100,000 and Rp204,114, respectively.

       PT Bank Resona Perdania                                       PT Bank Resona Perdania

       Pada tanggal 11 Juni 2024, Entitas Anak                       On 11 June 2024, the Subsidiary (PT Mandiri Utama
       (PT Mandiri Utama Finance) dan PT Bank Resona                 Finance) and PT Bank Resona Perdania (“Bank
       Perdania ("Bank Resona") menandatangani                       Resona”) signed a non-revolving Working Capital
       perjanjian fasilitas pinjaman modal kerja non-                Loan Facility agreement with a maximum credit limit
       revolving dengan batas maksimum kredit                        of Rp200,000 and an interest rate of 7.25%. The
       sejumlah Rp200.000 yang dikenakan tingkat suku                drawdown period for the credit facility is available
       bunga 7,25%. Jangka waktu penarikan fasilitas                 until 11 December 2024, with a maximum loan tenor
       kredit adalah sampai dengan 11 Desember 2024                  of 48 months from the withdrawal date. The facility
       dengan tenor pinjaman maksimal 48 bulan sejak                 will mature on 1 July 2027.
       tanggal penarikan. Fasilitas tersebut akan jatuh
       tempo tanggal 1 Juli 2027.

       Pada tanggal 31 Desember 2025 dan 2024,                       As of 31 December 2025 and 2024, outstanding
       pinjaman dari Bank Resona masing-masing                       fund borrowings from Bank Resona are amounted
       sebesar Rp99.868 dan Rp166.312.                               to Rp99,868 and Rp166,312, respectively.

       PT Bank Oke Indonesia Tbk                                     PT Bank Oke Indonesia Tbk

       Pada tanggal 22 Februari 2022, Entitas Anak                   On 22 February 2022, the Subsidiary (PT Mandiri
       (PT Mandiri Utama Finance) dan PT Bank Oke                    Utama Finance) and PT Bank Oke Indonesia Tbk
       Indonesia Tbk (“OK Bank”) menandatangani                      (“OK Bank”) signed a non-revolving working capital
       perjanjian fasilitas pinjaman modal kerja non-                loan facility agreement with a maximum credit limit
       revolving dengan batas maksimum kredit                        of Rp200,000 which bears an interest rate of 7.00%
       sejumlah Rp200.000 yang dikenakan tingkat suku                per annum. The term for withdrawing the credit
       bunga 7,00% per tahun. Jangka waktu penarikan                 facility is up to 22 December 2022 with a maximum
       fasilitas kredit adalah sampai dengan tanggal                 loan tenor of 48 (fourty eight) months from the
       22 Desember 2022 dengan tenor pinjaman                        drawdown date. The facility will mature on
       maksimal 48 (empat puluh delapan) bulan sejak                 7 October 2026.
       tanggal penarikan. Fasilitas tersebut akan jatuh
       tempo tanggal 7 Oktober 2026.




                                                        337
Page 1352
                                                                                  The original consolidated financial statements
                                                                                included herein are in the Indonesian language.

        PT BANK MANDIRI (PERSERO) Tbk                                    PT BANK MANDIRI (PERSERO) Tbk
            DAN ENTITAS ANAKNYA                                                AND ITS SUBSIDIARIES
      CATATAN ATAS LAPORAN KEUANGAN                                       NOTES TO THE CONSOLIDATED
                 KONSOLIDASIAN                                                FINANCIAL STATEMENTS
       Tanggal 31 Desember 2025 dan untuk                                  As of 31 December 2025 and for
      Tahun Berakhir pada Tanggal Tersebut                                    for the Year Then Ended
         (Disajikan dalam jutaan Rupiah,                                  (Expressed in millions of Rupiah,
             kecuali dinyatakan lain)                                         unless otherwise stated)

36. PINJAMAN YANG DITERIMA (lanjutan)                          36. FUND BORROWINGS (continued)

   (h) Lain-lain (lanjutan)                                       (h) Others (continued)

       Rupiah (lanjutan)                                              Rupiah (continued)

       PT Bank Oke Indonesia Tbk (lanjutan)                           PT Bank Oke Indonesia Tbk (continued)

       Pada tanggal 6 Juni 2022, Entitas Anak                         On 6 June 2022, the Subsidiary (PT Mandiri Tunas
       (PT Mandiri Tunas Finance) dan OK Bank                         Finance) and OK Bank signed a non-revolving
       menandatangani perjanjian fasilitas Pinjaman                   Installment Working Capital Loan facility agreement
       Modal Kerja Installment non-revolving dengan                   with a maximum credit limit of Rp500,000. The
       batas maksimum kredit sejumlah Rp500.000 telah                 facility matured on 15 June 2025 with interest rate
       jatuh tempo tanggal 15 Juni 2025 dengan suku                   of 6.00% - 7.60%. This facility was fully repaid on
       bunga antara 6,00% - 7,60%. Pinjaman ini sudah                 15 June 2025 and was not extended.
       lunas pada tanggal 15 Juni 2025 dan tidak
       diperpanjang.

       Pada tanggal 31 Desember 2025 dan 2024,                        As of 31 December 2025 and 2024, the outstanding
       pinjaman dari OK Bank masing-masing sebesar                    fund borrowing from OK Bank are amounted to
       Rp27.904 dan Rp167.648.                                        Rp27,904 and Rp167,648, respectively.

       PT Bank SMBC Indonesia Tbk                                     PT Bank SMBC Indonesia Tbk

       Pada tanggal 24 Mei 2021 dan terakhir                          On 24 May 2021 and most recently extended on
       diperpanjang pada tanggal 30 April 2025, Entitas               30 April 2025, the Subsidiary (PT Mandiri Tunas
       Anak (PT Mandiri Tunas Finance) mendapat                       Finance) obtained a revolving Loan on Note facility
       fasilitas Loan on Note yang bersifat revolving dari            from PT Bank SMBC Indonesia Tbk (“SMBC”),
       PT Bank SMBC Indonesia Tbk (“SMBC”) sehingga                   bringing the total Loan on Note facilities to
       total keseluruhan fasilitas Loan on Note sebesar               Rp300,000. The facility has been extended until
       Rp300.000. Fasilitas tersebut diperpanjang                     April 2026.
       sampai dengan bulan April 2026.

       Entitas Anak (PT Mandiri Sekuritas) memperoleh                 The Subsidiary (PT Mandiri Sekuritas) obtained a
       fasilitas kredit dari SMBC. SMBC memberikan                    credit facility from SMBC. SMBC provides a Loan
       fasilitas Loan on Note sebesar Rp300.000 atau                  on Note facility of Rp300,000 or equivalent in USD
       setara dalam mata uang USD dengan maksimum                     currency with a maximum USD currency of 90% of
       valuta USD sebesar 90% dari limit dan Bank                     the limit and a Bank Guarantee of Rp100.000. The
       Garansi sebesar Rp100.000. Adapun batas nilai                  maximum combined value limit for the Loan on Note
       gabungan maksimum atas fasilitas Loan on Note                  and Bank Guarantee facility is Rp300,000. This
       dan Bank Garansi adalah sebesar Rp300.000.                     facility is valid until 31 December 2025. This loan
       Fasilitas ini berlaku sampai dengan tanggal                    was fully repaid on 3 July 2025.
       31 Desember 2025. Pinjaman ini telah dilunasi
       pada tanggal 3 Juli 2025.

       Pada tanggal 19 April 2022, Entitas Anak                       On 19 April 2022, the Subsidiary (PT Mandiri Utama
       (PT Mandiri Utama Finance) memperoleh fasilitas                Finance) obtained a Money Market Line Multi-
       pinjaman Money Market Line Multi Currency Rupiah               Currency Facility in Rupiah and US Dollar from
       dan US Dollar dari SMBC dengan batas maksimum                  SMBC with a maximum credit limit equivalent to
       kredit ekuivalen sejumlah Rp200.000 yang tingkat               Rp200,000. The interest rate on this facility follows
       suku bunganya mengikuti suku bunga pasar yang                  the prevailing market rate. The drawdown period
       berlaku. Fasilitas ini masa kelonggaran tarik sampai           was initially available until 31 December 2022, with
       dengan tanggal 31 Desember 2022 dengan tenor                   a maximum loan tenor of three months. The facility
       penarikan fasilitas maksimum 3 bulan. Fasilitas ini            has been extended several times, with the latest
       sudah dilakukan perpanjangan beberapa kali,                    extension valid until 31 October 2026.
       terakhir perpanjangan fasilitas sampai dengan
       tanggal 31 Oktober 2026.

       Pada tanggal 31 Desember 2025 dan 2024,                        As of 31 December 2025 and 2024, outstanding
       pinjaman dari SMBC masing-masing sebesar                       fund borrowings from SMBC are amounted to RpNil
       RpNihil dan Rp200.000.                                         and Rp200,000 respectively.


                                                         338
Page 1353
                                                                                  The original consolidated financial statements
                                                                                included herein are in the Indonesian language.

        PT BANK MANDIRI (PERSERO) Tbk                                    PT BANK MANDIRI (PERSERO) Tbk
            DAN ENTITAS ANAKNYA                                                AND ITS SUBSIDIARIES
      CATATAN ATAS LAPORAN KEUANGAN                                       NOTES TO THE CONSOLIDATED
                 KONSOLIDASIAN                                                FINANCIAL STATEMENTS
       Tanggal 31 Desember 2025 dan untuk                                  As of 31 December 2025 and for
      Tahun Berakhir pada Tanggal Tersebut                                    for the Year Then Ended
         (Disajikan dalam jutaan Rupiah,                                  (Expressed in millions of Rupiah,
             kecuali dinyatakan lain)                                         unless otherwise stated)

36. PINJAMAN YANG DITERIMA (lanjutan)                          36. FUND BORROWINGS (continued)

   (h) Lain-lain (lanjutan)                                       (h) Others (continued)

       Rupiah (lanjutan)                                              Rupiah (continued)

       PT Bank Victoria International Tbk                             PT Bank Victoria International Tbk

       Pada tanggal 23 Juni 2021, Entitas Anak                        On 23 June 2021, the Subsidiary (PT Mandiri
       (PT Mandiri Utama Finance) memperoleh fasilitas                Utama Finance) obtained a Money Market Line loan
       pinjaman Money Market Line dari PT Bank Victoria               facility from PT Bank Victoria Internasional Tbk
       Internasional Tbk ("Bank Victoria") dengan batas               ("Bank Victoria") with a maximum credit limit of
       maksimum kredit sejumlah Rp250.000 dengan                      Rp250,000 with an interest rate that follows the
       tingkat suku bunga mengikuti suku bunga pasar                  prevailings market interest rates. This facility
       yang berlaku. Fasilitas ini jatuh tempo pada                   matures on 23 June 2022. The maturing Money
       tanggal 23 Juni 2022. Atas fasilitas Money Market              Market Line facility has been extended several
       Line yang jatuh tempo tersebut telah beberapa kali             times, with the most recent extension until
       dilakukan perpanjangan, terakhir perpanjangan                  24 October 2025, with a credit limit of Rp150,000,
       sampai dengan tanggal 24 Oktober 2025 dengan                   and bearing an interest rate that follows the
       plafond sebesar Rp150.000, dan tingkat suku                    prevailing market rate of approximately 5.50% -
       bunga mengikuti suku bunga pasar yang berlaku                  6.66%.
       sekitar 5,50% - 6,66%.

       Pada tanggal 31 Desember 2025 dan 2024,                        As of 31 December 2025 and 2024, oustanding fund
       pinjaman dari Bank Victoria masing-masing                      borrowings from Bank Victoria are RpNil and
       sebesar RpNihil dan Rp150.000.                                 Rp150,000, respectively.

       Standard Chartered Bank                                        Standard Chartered Bank

       Pada tanggal 1 Desember 2020, Entitas Anak                     On 1 December 2020, the Subsidiary (PT Mandiri
       (PT Mandiri Sekuritas) dan Standard Chartered                  Sekuritas) and Standard Chartered Bank
       Bank ("Standchart") menandatangani perjanjian                  ("Standchart") signed a non-revolving working
       fasilitas pinjaman modal kerja non-revolving                   capital loan facility agreement with a maximum
       dengan batas maksimum kredit sejumlah                          credit limit of Rp225,000, subject to an interest rate
       Rp225.000 yang dikenakan tingkat suku bunga                    of 6.20%. This facility already mature on 3 January
       6,20%. Fasilitas ini telah jatuh tempo pada tanggal            2025 and was extended until 10 January 2025 and
       3 Januari 2025 dan diperpanjang hingga tanggal                 has been settled on 10 January 2025.
       10 Januari 2025 dan telah dilakukan pelunasan
       pada tanggal 10 Januari 2025.

       Pada tanggal 31 Desember 2025 dan 2024,                        As of 31 December 2025 and 31 December 2024,
       pinjaman dari Standchart masing-masing sebesar                 outstanding fund borrowings from Standchart are
       RpNihil dan Rp100.000.                                         RpNil and Rp100,000, respectively.

       PT Bank Mega Tbk                                               PT Bank Mega Tbk

       Pada tanggal 25 Februari 2021, Entitas Anak                    On 25 February 2021, the Subsidiary (PT Mandiri
       (PT Mandiri Utama Finance) dan PT Bank Mega                    Utama Finance) and PT Bank Mega Tbk (“Bank
       Tbk (“Bank Mega”) menandatangani perjanjian                    Mega”) signed a credit agreement whereby Bank
       kredit dimana Bank Mega menyediakan fasilitas                  Mega provided a non-revolving Working Capital
       Kredit Modal Kerja dengan maksimum kredit                      Credit Facility with a maximum credit limit of
       sebesar Rp1.000.000 yang bersifat non-revolving                Rp1,000,000 and an interest rate of 8.75%. The
       dan dikenakan tingkat suku bunga 8,75%.                        facility was fully settled on 20 August 2025.
       Fasilitas tersebut sudah lunas pada tanggal
       20 Agustus 2025.

       Pada tanggal 31 Desember 2025 dan 2024,                        As of 31 December 2025 and 2024, outstanding
       pinjaman dari Bank Mega masing-masing sebesar                  fund borrowing from Bank Mega are amounted to
       RpNihil dan Rp54.149.                                          RpNil and Rp54,149, respectively.




                                                         339
Page 1354
                                                                               The original consolidated financial statements
                                                                             included herein are in the Indonesian language.

        PT BANK MANDIRI (PERSERO) Tbk                                 PT BANK MANDIRI (PERSERO) Tbk
            DAN ENTITAS ANAKNYA                                             AND ITS SUBSIDIARIES
      CATATAN ATAS LAPORAN KEUANGAN                                    NOTES TO THE CONSOLIDATED
                 KONSOLIDASIAN                                             FINANCIAL STATEMENTS
       Tanggal 31 Desember 2025 dan untuk                               As of 31 December 2025 and for
      Tahun Berakhir pada Tanggal Tersebut                                 for the Year Then Ended
         (Disajikan dalam jutaan Rupiah,                               (Expressed in millions of Rupiah,
             kecuali dinyatakan lain)                                      unless otherwise stated)

36. PINJAMAN YANG DITERIMA (lanjutan)                       36. FUND BORROWINGS (continued)

   (h) Lain-lain (lanjutan)                                    (h) Others (continued)

       Mata Uang Asing                                             Foreign Currencies

       PT Bank Danamon Indonesia Tbk                               PT Bank Danamon Indonesia Tbk

       Pada tanggal 13 November 2023 dan terakhir                  On 13 November 2023, and most recently on
       pada tanggal 17 Desember 2024, Entitas Anak                 17 December 2024, the Subsidiary (PT Mandiri
       (PT Mandiri Tunas Finance) mendapat fasilitas               Tunas Finance) obtained a non-revolving Term
       Term Loan dengan mata uang Rupiah (IDR)                     Loan facility in Rupiah (IDR) and/or United States
       dan/atau Dollar Amerika Serikat (USD) yang                  Dollar (USD) from Danamon with a total credit limit
       bersifat non-revolving dari Danamon dengan total            of Rp3,000,000, maturing in July 2027. The loan
       limit sebesar Rp3.000.000 dan jatuh tempo pada              carries a fixed interest rate over the loan tenor. For
       bulan Juli 2027. Suku bunga tetap selama tenor              loans in USD, the applicable interest rate is Term
       pinjaman. Untuk pinjaman dalam USD, suku                    SOFR plus a margin, with full hedging.
       bunga yang dikenakan adalah Term SOFR
       ditambah marjin dengan lindung nilai penuh.

       Pada tanggal 31 Desember 2025 dan 2024,                     As of 31 December 2025 and 2024, oustanding
       pinjaman dari Danamon masing-masing sebesar                 fund borrowings from Danamon are Rp687,192 and
       Rp687.192 dan Rp1.168.866.                                  Rp1,168,866, respectively.

       PT Bank Permata Indonesia Tbk                               PT Bank Permata Indonesia Tbk

       Pada tanggal 12 April 2023, Entitas anak                    On 12 April 2023, the Subsidiary (PT Mandiri Tunas
       (PT Mandiri Tunas Finance) mendapat fasilitas               Finance) received an revolving Term Loan facility
       Term Loan yang bersifat non-revolving dari                  from PT Bank Permata Indonesia Tbk (“Permata”)
       PT Bank Permata Indonesia Tbk (“Permata”)                   so that the total Working Capital Loan facility and
       sebesar Rp1.200.000 dengan suku bunga 6,00%                 received non-revolving Term Loan facilities of
       - 7,60% pada saat penarikan, serta jatuh tempo              Rp1,200,000 with an interest rate of 6.00% - 7.60%
       pada tanggal 14 Agustus 2027.                               on drawdown and will mature on 14 August 2027.

       Pada tanggal 31 Desember 2025 dan 2024,                     As of 31 December 2025 and 2024, outstanding
       pinjaman dari Permata masing-masing sebesar                 fund borrowings from Permata was amounted to
       Rp434.367 dan Rp656.838                                     Rp434,367 and Rp656,838, respectively.

       PT Bank Mizuho Indonesia                                    PT Bank Mizuho Indonesia

       Pada tanggal 8 April 2022 dan terakhir 24                   On 8 April 2022 and most recently on 24 September
       September 2025, Entitas Anak (PT Mandiri Tunas              2025, the Subsidiary (PT Mandiri Tunas Finance)
       Finance) dan PT Bank Mizuho Indonesia                       and PT Bank Mizuho Indonesia (“Mizuho”) entered
       (“Mizuho”) menandatangani perjanjian kredit                 into a credit agreement for a non-revolving facility
       sebesar USD150.000.000 (nilai penuh) yang                   amounting to USD150,000,000 (full amount). The
       bersifat non-revolving. Suku bunga SOFR                     facility bears interest at SOFR Compounding plus a
       Compounding ditambah margin dengan lindung                  margin with full hedging and Term SOFR plus a
       nilai penuh dan Term SOFR ditambah margin                   margin with full hedging. This facility will mature in
       dengan lindung nilai penuh. Fasilitas tersebut              February 2026.
       jatuh tempo pada bulan Februari 2026.

       Pada tanggal 31 Desember 2025 dan 2024,                     As of 31 December 2025 and 2024, outstanding
       pinjaman dari Mizuho masing-masing sebesar                  fund borrowings from Mizuho was amounted to
       Rp69.915 dan Rp336.458.                                     Rp69,915 and Rp336,458, respectively.




                                                      340
Page 1355
                                                                                  The original consolidated financial statements
                                                                                included herein are in the Indonesian language.

        PT BANK MANDIRI (PERSERO) Tbk                                    PT BANK MANDIRI (PERSERO) Tbk
            DAN ENTITAS ANAKNYA                                                AND ITS SUBSIDIARIES
      CATATAN ATAS LAPORAN KEUANGAN                                       NOTES TO THE CONSOLIDATED
                 KONSOLIDASIAN                                                FINANCIAL STATEMENTS
       Tanggal 31 Desember 2025 dan untuk                                  As of 31 December 2025 and for
      Tahun Berakhir pada Tanggal Tersebut                                    for the Year Then Ended
         (Disajikan dalam jutaan Rupiah,                                  (Expressed in millions of Rupiah,
             kecuali dinyatakan lain)                                         unless otherwise stated)

36. PINJAMAN YANG DITERIMA (lanjutan)                          36. FUND BORROWINGS (continued)

   (h) Lain-lain (lanjutan)                                       (h) Others (continued)

       Mata Uang Asing (lanjutan)                                     Foreign Currencies (continued)

       The Development Bank of Singapore Limited                      The Development Bank of Singapore Limited

       Pada 6 Maret 2019, Mandiri Securities Pte. Ltd.                On 6 March 2019, Mandiri Securities Pte. Ltd.
       (“MSPL”), entitas anak, menerima fasilitas dari                (“MSPL”) received a facility from The Development
       The Development Bank of Singapore Limited                      Bank of Singapore Limited (“DBS”) comprising of an
       (“DBS”) yang terdiri dari fasilitas pinjaman hingga            unsecured loan facility up to USD5,000,000 (full
       USD5.000.000 (nilai penuh) dan meningkat                       amount) and increased to up to USD7,500,000 (full
       menjadi USD7.500.000 (nilai penuh) dengan                      amount) with the tenure up to 6-months. The funds
       jangka waktu hingga 6 bulan. Dana tersebut akan                will be used to finance MSPL’s working capital
       digunakan untuk membiayai kebutuhan modal                      requirements. Interest payable to DBS is fixed for
       kerja MSPL. Bunga yang dibayarkan ke DBS                       the duration of each drawing. There is no expiration
       adalah tetap selama durasi setiap penarikan.                   of this agreement. Agreement will valid until one of
       Tidak ada kedaluwarsa perjanjian ini. Perjanjian               the parties, DBS or MSPL, state otherwise.
       akan berlaku sampai salah satu pihak, DBS atau
       MSPL, menyatakan sebaliknya.

       Dalam perjanjian pinjaman tersebut, Entitas Anak               In the loan agreement, the Subsidiaries are also
       juga diwajibkan untuk memenuhi persyaratan                     required to meet financial requirements such as the
       keuangan seperti rasio jumlah utang bunga                      ratio of total debt to equity not exceeding a ratio of
       terhadap ekuitas tidak melebihi rasio 10:1 dan                 10:1 and other reporting obligations.
       kewajiban penyampaian laporan lainnya.

       Pada tanggal 31 Desember 2025 dan 2024,                        As of 31 December 2025 and 2024, outstanding
       pinjaman dari DBS masing-masing sebesar                        fund borrowings from DBS was amounted to RpNil
       RpNihil dan Rp48.486.                                          and Rp48,486, respectively.

       MUFG Bank, Ltd., Singapura                                     MUFG Bank, Ltd., Singapore

       Pada tanggal 13 April 2022, Entitas Anak                       On 13 April 2022, Subsidiary (PT Mandiri Tunas
       (PT Mandiri Tunas Finance) dan MUFG Bank Ltd.,                 Finance) and MUFG Bank Ltd., Singapore
       Singapura (“MUFG”) menandatangani perjanjian                   (“MUFG”) signed a loan agreement whereby MUFG
       pinjaman dimana MUFG menyediakan fasilitas                     provides an Uncommitted Long-Term Loan/Money
       Uncommitted Long-Term Loan/Money Market                        Market Line facility with a total limit of Rp409,459
       Line revolving dengan total maksimum kredit                    which is revolving and bears a fixed interest rate of
       sebesar Rp409.459 dan dikenakan suku bunga                     USD-SOFR+1.08%-1.20% per annum upon
       tetap sebesar USD-SOFR+1,08%-1,20% per                         drawdown. This facility will mature on 11 April 2025.
       tahun pada saat penarikan dan akan jatuh tempo                 This facility was fully repaid on 11 April 2025 and
       pada tanggal 11 April 2025. Pinjaman ini sudah                 was not extended.
       lunas pada tanggal 11 April 2025 dan tidak
       diperpanjang.

       Pada tanggal 31 Desember 2025 dan 2024,                        As of 31 December 2025 and 2024, outstanding
       pinjaman dari MUFG masing-masing sebesar                       fund borrowings from MUFG was amounted to
       RpNihil dan Rp76.770.                                          RpNil and Rp76,770, respectively.

       Pinjaman yang diterima oleh PT Mandiri Tunas                   Fund borrowings from PT Mandiri Tunas Finance
       Finance dan PT Mandiri Utama Finance dijamin                   and PT Mandiri Utama Finance are secured by
       dengan piutang pembiayaan konsumen sejumlah                    consumer financing receivables amounting to
       Rp16.971.035 pada tanggal 31 Desember 2025                     Rp16,971,035 as of 31 December 2025
       (31 Desember 2024: Rp23.464.134) (Catatan                      (31 December 2024: Rp23,464,134) (Note 13e) and
       13e) dan investasi bersih dalam sewa                           net investment in finance leases amounted to
       pembiayaan sejumlah Rp460.323 pada tanggal                     Rp460,323 as of 31 December 2025 (31 December
       31 Desember 2025 (31 Desember 2024:                            2024: Rp1,583,867) (Note 14e).
       Rp1.583.867) (Catatan 14e).



                                                         341
Page 1356
                                                                                 The original consolidated financial statements
                                                                               included herein are in the Indonesian language.

        PT BANK MANDIRI (PERSERO) Tbk                                   PT BANK MANDIRI (PERSERO) Tbk
            DAN ENTITAS ANAKNYA                                               AND ITS SUBSIDIARIES
      CATATAN ATAS LAPORAN KEUANGAN                                      NOTES TO THE CONSOLIDATED
                 KONSOLIDASIAN                                               FINANCIAL STATEMENTS
       Tanggal 31 Desember 2025 dan untuk                                 As of 31 December 2025 and for
      Tahun Berakhir pada Tanggal Tersebut                                   for the Year Then Ended
         (Disajikan dalam jutaan Rupiah,                                 (Expressed in millions of Rupiah,
             kecuali dinyatakan lain)                                        unless otherwise stated)

36. PINJAMAN YANG DITERIMA (lanjutan)                         36. FUND BORROWINGS (continued)

   (h) Lain-lain (lanjutan)                                      (h) Others (continued)

         Mata Uang Asing (lanjutan)                                  Foreign Currencies (continued)

         MUFG Bank, Ltd., Singapura (lanjutan)                       MUFG Bank, Ltd., Singapore (continued)

         Fasilitas pinjaman dari beberapa bank dan bank              The loan facilities from several banks and
         sindikasi tersebut mensyaratkan Entitas Anak                syndication banks require Subsidiaries to provide
         untuk memberikan pemberitahuan tertulis dalam               written notices in terms of dividend distribution,
         hal pembagian dividen, perubahan modal dan                  changes in capital and shareholders, changes in
         pemegang saham, perubahan susunan direksi                   composition    of board of        directors   and
         dan komisaris, perubahan bisnis utama, investasi            commissioners, changes in main business,
         dan perolehan pinjaman baru dari bank lain.                 investments and obtaining new loans from other
                                                                     banks.

         Bank Mandiri dan Entitas Anak telah melakukan               Bank Mandiri and its Subsidiaries have made
         pembayaran bunga pinjaman yang diterima                     interest payments on fund borrowings according to
         sesuai dengan jadwal pembayaran bunga selama                the interest payment schedule for the year ended
         tahun yang berakhir tanggal 31 Desember 2025                31 December 2025 and 2024.
         dan 2024.

         Selama tahun yang berakhir tanggal 31 Desember              During the year ended 31 December 2025 and
         2025 dan 2024, Bank Mandiri dan Entitas Anak                2024, Bank Mandiri and its Subsidiaries have
         telah memenuhi kondisi dan persyaratan yang                 complied with the terms and conditions set forth in
         ditetapkan dalam perjanjian pinjaman yang                   the fund borrowings agreement.
         diterima.

37. PINJAMAN DAN EFEK-EFEK SUBORDINASI                        37. SUBORDINATED        LOANS        AND     MARKETABLE
                                                                  SECURITIES

   Berdasarkan jenis dan mata uang:                              By type and currency:

                                            31 Desember 2025/   31 Desember 2024/
                                            31 December 2025    31 December 2024
  Rupiah                                                                                                          Rupiah
   Pihak berelasi (Catatan 56)                                                               Related parties (Note 56)
      Subordinoted notes syariah                                                                Subordinated notes
        mudharabah                                    35.000               40.000             sharia mudharabah
    Pihak ketiga                                                                                         Third parties
      Medium Term Notes                                                                         Medium Term Notes
        Subordinasi II                               100.000             100.000                   Subordinated II
      Subordinoted notes syariah                                                                Subordinated notes
      mudharabah                                     165.000             160.000              sharia mudharabah
                                                     265.000             260.000
  Total Rupiah                                       300.000             300.000                              Total Rupiah
  Mata uang asing                                                                                   Foreign currencies
   Two-step loans (TSL)                                                                       Two-step loans (TSL)
      Pihak ketiga                                                                                   Third parties
        Asian Development Bank                                                        Asian Development Bank
          (ADB) (Catatan 62.B.(iv))                    90.112            104.015     (ADB) (Catatan 62.B.(iv))
                                                     390.112             404.015
  Dikurangi: biaya penerbitan yang
    belum diamortisasi                                  (333)               (453)        Less: unamortised issuance cost
  Neto                                               389.779             403.562                                        Net




                                                        342
Page 1357
                                                                                The original consolidated financial statements
                                                                              included herein are in the Indonesian language.

        PT BANK MANDIRI (PERSERO) Tbk                                  PT BANK MANDIRI (PERSERO) Tbk
            DAN ENTITAS ANAKNYA                                              AND ITS SUBSIDIARIES
      CATATAN ATAS LAPORAN KEUANGAN                                     NOTES TO THE CONSOLIDATED
                 KONSOLIDASIAN                                              FINANCIAL STATEMENTS
       Tanggal 31 Desember 2025 dan untuk                                As of 31 December 2025 and for
      Tahun Berakhir pada Tanggal Tersebut                                  for the Year Then Ended
         (Disajikan dalam jutaan Rupiah,                                (Expressed in millions of Rupiah,
             kecuali dinyatakan lain)                                       unless otherwise stated)

37. PINJAMAN     DAN     EFEK-EFEK      SUBORDINASI          37. SUBORDINATED LOANS               AND     MARKETABLE
    (lanjutan)                                                   SECURITIES (continued)

   Medium Term Notes Subordinasi II Bank Mandiri                Medium Term Notes Subordinated II Bank Mandiri

   Dalam rangka memperkuat struktur penghimpunan                In order to strengthen the long-term funding structure as
   dana jangka panjang dan mendukung ekspansi kredit,           well as to support the credit expansion, on
   pada tanggal 23 Juni 2023, Bank Mandiri menerbitkan          23 June 2023, Bank Mandiri issued Subordinated
   Medium Term Notes Subordinasi II Bank Mandiri                Medium Term Notes II Bank Mandiri 2023
   Tahun 2023 (“MTN Subordinasi II”) sebesar                    ("Subordinated MTN II") amounted to Rp100,000. On
   Rp100.000. Pada tanggal 31 Desember 2025, biaya              31 December 2025, the unamortised issuance cost of
   penerbitan MTN Subordinasi II yang belum                     Subordinated MTN II amounted to Rp333.
   diamortisasi sebesar Rp333.

   MTN Subordinasi II memiliki jangka waktu 5 (lima)            Subordinated MTN II has 5 (five) years in terms and will
   tahun dan akan jatuh tempo pada tanggal 23 Juni              mature on 23 June 2028, in which issued scriptless with
   2028, diterbitkan tanpa warkat dengan tingkat bunga          a fixed rate of 6.95% per annum. The Trustee of the
   tetap sebesar 6,95% per tahun. Wali amanat dari              issuance of Subordinated MTN II is PT Bank Negara
   penerbitan MTN Subordinasi II adalah PT Bank Negara          Indonesia (Persero) Tbk.
   Indonesia (Persero) Tbk.

   Bunga MTN Subordinasi II dibayarkan setiap triwulan,         Interest of Subordinated MTN II is paid on quarterly
   dengan pembayaran bunga pertama dilakukan pada               basis, the first interest payment will be made on
   tanggal 23 September 2023, sedangkan pembayaran              23 September 2023 while the last interest payment, in
   bunga terakhir sekaligus jatuh tempo MTN Subordinasi         which also the maturity date and the repayment of the
   II adalah pada tanggal 23 Juni 2028 yang juga                principal of Subordinated MTN II, is on 23 June 2028.
   merupakan       tanggal   pelunasan    pokok   MTN           The principal of Subordinated MTN II will be fully repaid
   Subordinasi II. Pembayaran pokok MTN Subordinasi II          on the maturity date. On 20 July 2023, Subordinated
   dilakukan secara penuh pada saat tanggal jatuh               MTN II approved as supplementary capital components
   tempo. Pada tanggal 20 Juli 2023, MTN Subordinasi II         (Tier 2) according to the approval from FSA through
   telah mendapat persetujuan dari Otoritas Jasa                letterNo. SR-51/PB.21/2023.
   Keuangan untuk dicatat sebagai komponen modal
   pelengkap         (Tier     2)      melalui    surat
   No. SR-51/PB.21/2023.

   Sebelum dilunasinya semua jumlah terutang yang               Prior to full repayment of the amount outstanding of the
   harus dibayar, Bank Mandiri berkewajiban untuk: (i)          MTN, Bank Mandiri is obliged to: (i) maintain at all times
   memelihara pada setiap saat keadaan keuangan                 soundness of financial condition in accordance to FSA
   berada dalam kondisi sehat sesuai ketentuan OJK; (ii)        regulation; (ii) maintain a minimum level of soundness
   mempertahankan tingkat kesehatan Bank minimal                composite rating of 3 (three) which is categorised as
   berada dalam peringkat komposit 3 (tiga) yang                "Fair", according to internal assessment based on FSA
   tergolong “Cukup Baik”, sesuai penilaian internal            regulation and/or Bank Indonesia; (iii) obtain and
   berdasarkan ketentuan/peraturan OJK dan/atau Bank            comply with all requirements and exercise all necessary
   Indonesia; (iii) memperoleh, mematuhi segala                 things to keep the authority, license and approval (from
   ketentuan dan melakukan hal-hal yang diperlukan              government or other authorities) comply with
   untuk menjaga tetap berlakunya segala kuasa, izin,           requirement in accordance to Republic of Indonesia’s
   dan persetujuan (baik dari pemerintah maupun dari            law.
   pihak yang berwenang lainnya) dan melakukan hal-hal
   yang diwajibkan oleh peraturan perundang-undangan
   Negara Republik Indonesia.

   Bank Mandiri tanpa persetujuan tertulis Wali Amanat          Bank Mandiri without written permission from the
   tidak akan melakukan hal-hal sebagai berikut: (i)            Trustee shall not: (i) reduce registered capital, issued
   mengurangi modal dasar, modal ditempatkan dan                capital and paid-up capital, except required by the
   modal disetor, kecuali karena adanya ketentuan               government, authorised by the Authorities or Bank
   Pemerintah, Otoritas yang Berwenang atau Bank                Indonesia; (ii) change the core business; (iii) perform
   Indonesia; (ii) mengadakan perubahan bidang usaha            merger, dissolvement and/or taken over by other entity
   utama; (iii) mengadakan penggabungan, peleburan              which lead to dissolution of Bank Mandiri.
   dan/atau pengambilalihan dengan entitas lain yang
   menyebabkan bubarnya Bank Mandiri.



                                                       343
Page 1358
                                                                                  The original consolidated financial statements
                                                                                included herein are in the Indonesian language.

        PT BANK MANDIRI (PERSERO) Tbk                                     PT BANK MANDIRI (PERSERO) Tbk
            DAN ENTITAS ANAKNYA                                                 AND ITS SUBSIDIARIES
      CATATAN ATAS LAPORAN KEUANGAN                                        NOTES TO THE CONSOLIDATED
                 KONSOLIDASIAN                                                 FINANCIAL STATEMENTS
       Tanggal 31 Desember 2025 dan untuk                                   As of 31 December 2025 and for
      Tahun Berakhir pada Tanggal Tersebut                                     for the Year Then Ended
         (Disajikan dalam jutaan Rupiah,                                   (Expressed in millions of Rupiah,
             kecuali dinyatakan lain)                                          unless otherwise stated)

37. PINJAMAN      DAN     EFEK-EFEK       SUBORDINASI           37. SUBORDINATED LOANS              AND     MARKETABLE
    (lanjutan)                                                      SECURITIES (continued)

   Medium Term Notes Subordinasi II Bank Mandiri                   Medium Term Notes Subordinated II Bank Mandiri
   (lanjutan)                                                      (continued)

   Tidak terdapat pelanggaran atas pembatasan                      There was no breach of the Trustee restrictions
   perjanjian perwaliamanatan MTN Subordinasi II                   agreement on Subordinated MTN II during the year
   selama tahun yang berakhir pada tanggal                         ended on 31 December 2025 and 2024.
   31 Desember 2025 dan 2024.

   Pada tanggal 31 Desember 2025, peringkat MTN                    As of 31 December 2025, rating of MTN Subordinated
   Subordinasi II menurut Pefindo adalah idAA (double A).          II based on Pefindo was idAA (double A).

    MTN Subordinasi II tidak dijamin dengan agunan                 Subordinated MTN II is not guaranteed by a public
    umum sesuai Pasal 1131 dan 1132 Kitab Undang-                  collateral which refer to Article 1131 and 1132 of
    Undang Hukum Perdata maupun agunan khusus                      Indonesian Civil Law (UU Hukum Perdata) or include
    termasuk tidak dijamin oleh Bank atau Entitas Anak,            special collateral is not guaranteed by Bank or the
    Negara Republik Indonesia atau pihak ketiga lainnya            Subsidiary, Republic of Indonesia or other related
    dan tidak dimasukkan dalam program penjaminan                  parties and not included to bank guarantee program
    bank yang dilaksanakan oleh Lembaga Penjaminan                 implemented by Deposit Insurance Corporation (LPS) or
    Simpanan atau penggantinya. Sesuai dengan                      its substitute. Based on the Law and regarding
    peraturan perundang-undangan yang berlaku dan                  amendment Article 19 Paragraph (1) letter f of
    mengikuti ketentuan pasal 19 ayat (1) huruf f peraturan        regulations of the KPMM Financial Services Authority
    Otoritas Jasa Keuangan KPMM dan merupakan                      and is an obligation of the subordinated issuer, in
    kewajiban penerbit yang disubordinasi, sesuai dengan           accordance with article 5 of the Subordinated MTN
    pasal 5 Perjanjian Penerbitan MTN Subordinasi.                 Issuance Agreement.

   Two-step loans - Asian Development Bank                         Two-step loans - Asian Development Bank

   Akun ini merupakan fasilitas kredit dari Asian                  This account represents a loan facility from Asian
   Development Bank (“ADB”) kepada Pemerintah                      Development Bank (“ADB”) to the Government of the
   Republik Indonesia, melalui Kementerian Keuangan                Republic of Indonesia, through the Ministry of Finance
   Republik Indonesia, untuk disalurkan kepada bank                of the Republic of Indonesia, which are relent to
   peserta guna membiayai beberapa jenis proyek di                 participating banks to finance several projects in
   Indonesia. Rincian fasilitas ini adalah sebagai berikut:        Indonesia. The detail of this facility is as follows:

          Fasilitas kredit/                        Tujuan/                                   Jangka waktu/
           Loan facility                           Purpose                                      Period
    ADB Loan 1327 - INO (SF).        Membiayai Proyek Kredit Mikro           5 Januari/January 2005 - 15 Juli/July 2029
                                     (PKM)/                                  dengan angsuran pertama pada tanggal/with
                                     Funding Micro Loan Projects.            the first installment start on 15 Januari/
                                                                             January 2005.

                                             31 Desember 2025/    31 Desember 2024/
                                             31 December 2025     31 December 2024

   ADB Loan 1327 - INO (SF)                             90.112             104.015             ADB Loan 1327 - INO (SF)




                                                          344
Page 1359
                                                                                  The original consolidated financial statements
                                                                                included herein are in the Indonesian language.

        PT BANK MANDIRI (PERSERO) Tbk                                   PT BANK MANDIRI (PERSERO) Tbk
            DAN ENTITAS ANAKNYA                                               AND ITS SUBSIDIARIES
      CATATAN ATAS LAPORAN KEUANGAN                                      NOTES TO THE CONSOLIDATED
                 KONSOLIDASIAN                                               FINANCIAL STATEMENTS
       Tanggal 31 Desember 2025 dan untuk                                 As of 31 December 2025 and for
      Tahun Berakhir pada Tanggal Tersebut                                   for the Year Then Ended
         (Disajikan dalam jutaan Rupiah,                                 (Expressed in millions of Rupiah,
             kecuali dinyatakan lain)                                        unless otherwise stated)

37. PINJAMAN       DAN       EFEK-EFEK   SUBORDINASI          37. SUBORDINATED LOANS                AND     MARKETABLE
    (lanjutan)                                                    SECURITIES (continued)

   Two-step      loans   -   Asian   Development   Bank          Two-step loans        -   Asian     Development        Bank
   (lanjutan)                                                    (continued)

   Menteri Keuangan melalui surat No. S-596/MK.6/2004            The Minister of Finance through its letter
   tanggal 12 Juli 2004, telah menyetujui pengalihan             No. S-596/MK.6/2004 dated 12 July 2004, has approved
   pengelolaan Proyek Kredit Mikro (“PKM”) Loan ADB              the transfer of management of Micro Credit Project
   No. 1327 - INO (“SF”) dari Bank Indonesia kepada              (“PKM”) of ADB loans No. 1327 - INO (“SF”) from Bank
   Bank Mandiri. Dengan disetujuinya pengalihan PKM              Indonesia to Bank Mandiri. With that approval, an
   tersebut, maka telah dilakukan perubahan terhadap             amendment was made on the channelling loan
   perjanjian            penerusan            pinjaman           agreement       No.     SLA-805/DP3/1995       dated
   No. SLA-805/DP3/1995 tanggal 27 April 1995 yang               27 April 1995, which was revised by amendment
   diubah dengan amendemen No. AMA-287/SLA-                      No. AMA-287/SLA-805/DP3/2003 dated 22 April 2003,
   805/DP3/2003 tanggal 22 April 2003 antara Republik            between the Republic of Indonesia and Bank Indonesia
   Indonesia dan Bank Indonesia menjadi Republik                 to the Republic of Indonesia and PT Bank Mandiri
   Indonesia dan PT Bank Mandiri (Persero) Tbk, dengan           (Persero) Tbk, with amendment No. AMA-298/SLA-
   amendemen        No.    AMA-298/SLA-805/DP3/2004              805/DP3/2004 dated 16 July 2004.
   tanggal 16 Juli 2004.

   Pinjaman ADB untuk Proyek Kredit Mikro diberikan              The ADB loan for Micro Credit Projects was granted in
   dalam mata uang SDR (Special Drawing Rights)                  SDR (Special Drawing Rights) currency in amount of
   sebesar SDR15.872.600 (nilai penuh) yang wajib                SDR15,872,600 (full amount) which required Bank
   dibayar kembali oleh Bank Mandiri dalam mata uang             Mandiri to repay in SDR currency to the Government in
   SDR kepada Pemerintah dalam 50 (lima puluh) kali              50 (fifty) prorate semi-annual installments every
   angsuran setiap enam bulan secara prorata setiap              15 January and 15 July with the first installment paid on
   tanggal 15 Januari dan 15 Juli, dengan angsuran               15 January 2005 and will end on 15 July 2029. The ADB
   pertama dilakukan pada tanggal 15 Januari 2005 dan            loans are subject to a service charge of 1.50% per
   berakhir pada tanggal 15 Juli 2029. Atas pinjaman ADB         annum which is charged on every 15 January and
   tersebut, Bank Mandiri dikenakan service charge               15 July every year starting from its drawdown.
   sebesar 1,50% per tahun pada setiap tanggal
   15 Januari dan 15 Juli setiap tahunnya sejak penarikan
   pinjaman.

   Entitas Anak                                                  Subsidiaries

   Subordinated notes syariah Mudharabah                         Subordinated notes syariah Mudharabah

   Pada tanggal tanggal 15 Desember 2023, Entitas Anak           On 15 December 2023, the Subsidiary PT Bank Syariah
   PT Bank Syariah Indonesia (“BSI”) menerbitkan Sukuk           Indonesia (“BSI”) issued the 2023 Mudharabah Sukuk
   Mudharabah Tahun 2023 sebesar Rp200.000 dan                   amounting to Rp200,000 with maturity set on
   akan jatuh tempo pada tanggal 15 Desember 2028.               15 December 2028.

   Selama berlakunya jangka waktu Sukuk Mudharabah               Throughout the tenure of the 2023 BSI Subordinated
   Subordinasi BSI Tahun 2023 dan sebelum dilunasinya            Mudharabah Sukuk and until the full repayment of both
   semua pokok dan bagi hasil, BSI wajib untuk: (i)              principal and profit-sharing, BSI is obligated to: (i)
   menjaga rasio Capital Adequacy Ratio (“CAR”) tidak            maintain a Capital Adequacy Ratio (“CAR”) of not less
   kurang dari 12% (dua belas persen); (ii) memastikan           than 12%; (ii) ensure that the 2023 Subordinated
   bahwa Sukuk Mudharabah Subordinasi Tahun 2023 ini             Mudharabah Sukuk is not owned by more than 49 (forty
   tidak akan dimiliki oleh lebih dari 49 (empat puluh           nine) investors; (iii) submit to the monitoring agent the
   sembilan) investor; (iii) menyerahkan kepada agen             following: (a) Copies of reports submitted to the
   pemantau sebagai berikut: (a) Salinan dari laporan            Financial Services Authority (OJK), including the bank's
   yang disampaikan kepada OJK termasuk laporan hasil            health assessment report, no later than 5 (five) business
   penilaian tingkat kesehatan bank, dalam waktu                 days after the report is submitted to the parties
   selambat-lambatnya 5 (lima) hari kerja setelah laporan        mentioned above.
   tersebut diserahkan kepada pihak yang disebutkan di
   atas.




                                                        345
Page 1360
                                                                                  The original consolidated financial statements
                                                                                included herein are in the Indonesian language.

        PT BANK MANDIRI (PERSERO) Tbk                                    PT BANK MANDIRI (PERSERO) Tbk
            DAN ENTITAS ANAKNYA                                                AND ITS SUBSIDIARIES
      CATATAN ATAS LAPORAN KEUANGAN                                       NOTES TO THE CONSOLIDATED
                 KONSOLIDASIAN                                                FINANCIAL STATEMENTS
       Tanggal 31 Desember 2025 dan untuk                                  As of 31 December 2025 and for
      Tahun Berakhir pada Tanggal Tersebut                                    for the Year Then Ended
         (Disajikan dalam jutaan Rupiah,                                  (Expressed in millions of Rupiah,
             kecuali dinyatakan lain)                                         unless otherwise stated)

37. PINJAMAN     DAN     EFEK-EFEK       SUBORDINASI           37. SUBORDINATED LOANS               AND     MARKETABLE
    (lanjutan)                                                     SECURITIES (continued)

   Entitas Anak (lanjutan)                                        Subsidiaries (continued)

   Subordinated notes syariah Mudharabah (lanjutan)               Subordinated notes syariah Mudharabah (continued)

   Dalam hal Agen Pemantau memandang perlu,                       If the Monitoring Agent deems it necessary, based on a
   berdasarkan permohonan Agen Pemantau secara                    written request from the Monitoring Agent, the Company
   tertulis, Perseroan wajib menyampaikan kepada Agen             must provide the Monitoring Agent with additional
   Pemantau dokumen-dokumen tambahan yang                         documents related to the above report (if any) no later
   berkaitan dengan laporan tersebut di atas (apabila             than 10 (ten) business days after the date the request
   ada) selambat lambatnya 10 (sepuluh) hari kerja                letter is received by the Company; (b) Annual financial
   setelah tanggal surat permohonan tersebut diterima             statements audited by public accountants registered
   oleh Perseroan; (b) Laporan keuangan tahunan yang              with the OJK and submitted to the Monitoring Agent
   telah diaudit oleh akuntan publik yang terdaftar di OJK        within 5 (five) business days after receiving a request
   dan disampaikan kepada Agen Pemantau dalam                     letter from the Monitoring Agent.
   waktu 5 (lima) hari kerja setelah menerima surat
   permohonan dari Agen Pemantau.

   Seluruh dana hasil penerbitan Sukuk Mudharabah                 All proceeds from the issuance of the Subordinated
   Subordinasi, akan dipergunakan oleh Perseroan untuk            Mudharabah Sukuk will be used by the Company for its
   kegiatan usaha Perseroan dalam rangka memperkuat               business activities to strengthen the capital structure,
   struktur permodalan dengan memperhitungkan dana                taking into account the issuance proceeds as
   hasil penerbitan sebagai modal pelengkap dan                   supplementary capital and to enhance the Company's
   meningkatkan aset produktif Perseroan.                         productive assets.

   Sukuk Mudharabah Subordinasi ini diterbitkan tanpa             The Subordinated Mudharabah Sukuk is issued without
   warkat, kecuali Sertifikat Jumbo Sukuk Mudharabah              certificates, except for the Jumbo Certificate of
   Subordinasi yang diterbitkan atas nama PT Kustodian            Subordinated Mudharabah Sukuk issued in the name of
   Sentral Efek Indonesia (“KSEI”) sebagai bukti                  the Indonesian Central Securities Depository (“KSEI”)
   kepemilikan Efek Syariah untuk kepentingan                     as evidence of ownership of Sharia Securities for the
   Pemegang       Sukuk      Mudharabah    Subordinasi.           benefit of the Subordinated Mudharabah Sukuk
   Pendapatan Bagi Hasil yang dihitung berdasarkan                Holders. Profit-sharing is calculated by multiplying the
   perkalian antara Nisbah Bagi Hasil Pemegang Sukuk              Profit-sharing Ratio of the Subordinated Mudharabah
   Mudharabah Subordinasi, dimana besarnya nisbah                 Sukuk Holders, where the ratio is 88.55% of the
   adalah 88,55% dari Pendapatan yang Dibagihasilkan              Distributed Income with an indicative profit-sharing rate
   dengan indikasi bagi hasil sebesar ekuivalen 7,90%             equivalent to 7.90% per annum. The tenure of the
   per tahun. Jangka waktu Sukuk Mudharabah                       Subordinated Mudharabah Sukuk is 5 (five) years from
   Subordinasi adalah 5 (lima) tahun terhitung sejak              the Issuance Date. The Subordinated Mudharabah
   Tanggal Penerbitan. Sukuk Mudharabah Subordinasi               Sukuk is offered at 100% of the Subordinated
   ini ditawarkan dengan nilai 100% dari jumlah Dana              Mudharabah Sukuk Fund. Profit-sharing is paid
   Sukuk Mudharabah Subordinasi. Pendapatan Bagi                  quarterly, in line with the Profit-sharing Payment Date.
   Hasil dibayarkan setiap triwulan, sesuai dengan
   tanggal pembayaran Pendapatan Bagi Hasil.

   Bertindak sebagai wali amanat Sukuk Mudharabah                 The Trustee for the 2023 BSI Subordinated
   Subordinasi BSI Tahun 2023 adalah PT Bank Negara               Mudharabah Sukuk is PT Bank Negara Indonesia
   Indonesia (Persero) Tbk. Pada tanggal 31 Desember              (Persero) Tbk. As of 31 December 2025 and
   2025 dan 31 Desember 2024, peringkat Sukuk                     31 December 2024, the rating for the subordinated
   Mudharabah Subordinasi menurut Pefindo adalah                  mudharabah sukuk according to Pefindo is idAA(sy)
   idAA(sy) (double A syariah).                                   (double A sharia).




                                                         346
Page 1361
                                                                                            The original consolidated financial statements
                                                                                          included herein are in the Indonesian language.

          PT BANK MANDIRI (PERSERO) Tbk                                          PT BANK MANDIRI (PERSERO) Tbk
              DAN ENTITAS ANAKNYA                                                      AND ITS SUBSIDIARIES
        CATATAN ATAS LAPORAN KEUANGAN                                             NOTES TO THE CONSOLIDATED
                   KONSOLIDASIAN                                                      FINANCIAL STATEMENTS
         Tanggal 31 Desember 2025 dan untuk                                        As of 31 December 2025 and for
        Tahun Berakhir pada Tanggal Tersebut                                          for the Year Then Ended
           (Disajikan dalam jutaan Rupiah,                                        (Expressed in millions of Rupiah,
               kecuali dinyatakan lain)                                               unless otherwise stated)

38. DANA SYIRKAH TEMPORER                                           38. TEMPORARY SYIRKAH FUNDS

   Dana syirkah temporer terdiri dari:                                 Temporary syirkah funds consists of:

   a.    Simpanan dari nasabah                                         a.   Deposits from Customers

         1)   Giro                                                          1)    Demand Deposits

              a.     Berdasarkan jenis:                                            a.    Based on type:

                                                  31 Desember 2025/   31 Desember 2024/
                                                  31 December 2025    31 December 2024
                    Rupiah                                                                                                     Rupiah
                    Pihak berelasi (Catatan 56)                                                              Related parties (Note 56)
                                                                                                        Demand deposits - restricted
                       Giro - investasi terikat              85.001                    87.002                          investment
                       Giro - investasi tidak                                                         Demand deposits - unrestricted
                           terikat Mudharabah             9.295.748              10.341.649               investment Mudharabah

                                                          9.380.749              10.428.651
                   Pihak ketiga                                                                                           Third parties
                       Giro - investasi terikat                                                        Demand deposits - restricted
                           dan tidak terikat                                                          and unrestricted investment
                           Mudharabah                    17.728.716              14.063.754                          Mudharabah
                       Giro Mudharabah                                                                Demand deposits Mudharabah
                           musytarakah                          17                       301                         musytarakah

                                                         17.728.733              14.064.055

                                                         27.109.482              24.492.706

                   Mata uang asing                                                                                   Foreign currencies
                   Pihak berelasi (Catatan 56)                                                                Related parties (Note 56)
                       Giro - investasi terikat                                                         Demand deposits - restricted
                           dan tidak terikat                                                           and unrestricted investment
                           Mudharabah                     9.756.952               9.369.875                           Mudharabah

                                                          9.756.952               9.369.875
                   Pihak ketiga                                                                                            Third parties
                       Giro - investasi terikat                                                         Demand deposits - restricted
                           dan tidak terikat                                                           and unrestricted investment
                           Mudharabah                     7.170.829               3.325.938                           Mudharabah

                                                          7.170.829               3.325.938

                                                         16.927.781              12.695.813

                                                         44.037.263              37.188.519


                     Giro - investasi terikat merupakan                                  The demand deposits - restricted
                     simpanan dana pihak lain yang                                       investment represent deposits from third
                     mendapatkan imbal bagi hasil dari                                   parties which will receive returns from
                     pendapatan      Entitas    Anak    atas                             Subsidiary’s restricted investment based
                     penggunaan dana pada penyaluran dana                                on the agreed share (nisbah) of the
                     yang kriterianya telah ditentukan oleh                              Subsidiary’s revenue.
                     pemilik dana berdasarkan nisbah yang
                     ditetapkan dan disetujui sebelumnya.

              b.     Kisaran nisbah bagi hasil untuk giro                         b.     Range of profit sharing ratios for demand
                     Mudharabah - investasi tidak terikat per                            deposits - unrestricted Mudharabah
                     tahun:                                                              investment per annum:

                                                  31 Desember 2025/   31 Desember 2024/
                                                  31 December 2025    31 December 2024
                     Rupiah                           3,10% - 3,42%         2,42% - 3,10%                                       Rupiah
                     Mata uang asing                  2,22% - 2,43%         1,85% - 2,21%                            Foreign currencies


                                                              347
Page 1362
                                                                                                 The original consolidated financial statements
                                                                                               included herein are in the Indonesian language.

          PT BANK MANDIRI (PERSERO) Tbk                                               PT BANK MANDIRI (PERSERO) Tbk
              DAN ENTITAS ANAKNYA                                                           AND ITS SUBSIDIARIES
        CATATAN ATAS LAPORAN KEUANGAN                                                  NOTES TO THE CONSOLIDATED
                   KONSOLIDASIAN                                                           FINANCIAL STATEMENTS
         Tanggal 31 Desember 2025 dan untuk                                             As of 31 December 2025 and for
        Tahun Berakhir pada Tanggal Tersebut                                               for the Year Then Ended
           (Disajikan dalam jutaan Rupiah,                                             (Expressed in millions of Rupiah,
               kecuali dinyatakan lain)                                                    unless otherwise stated)

38. DANA SYIRKAH TEMPORER (lanjutan)                                    38. TEMPORARY SYIRKAH FUNDS (continued)

   Dana syirkah temporer terdiri dari: (lanjutan)                           Temporary syirkah funds consists of: (continued)

   a.    Simpanan dari nasabah (lanjutan)                                   a.   Deposits from Customers (continued)

         2)   Tabungan                                                           2)    Saving Deposits

              a.    Berdasarkan jenis:                                                  a.    Based on type:

                                                      31 Desember 2025/    31 Desember 2024/
                                                      31 December 2025     31 December 2024
                    Pihak berelasi (Catatan 56)                                                                  Related parties (Note 56)
                                                                                                              Saving deposits - restricted
                       Tabungan - investasi terikat             16.491                       5.870                          investment
                       Tabungan Mudharabah -                                                                Mudharabah saving deposits -
                          investasi tidak terikat                                                                 unrestricted deposits
                          Tabungan BSI                        1.074.337                 368.045                    BSI saving deposits
                          Tabungan Mudharabah                                                                   Mudharabah institution
                             institusi                           9.458                        676                    saving deposits
                          Tabungan Mabrur                          786                        567               Mabrur saving deposits
                          Tabungan Investa                                                                            Investa Cendekia
                             Cendekia                              281                        294                    saving deposits
                          Tabungan Berencana                                                                            Berencana BSI
                             BSI                                    55                        316                    saving deposits

                                                              1.101.408                 375.768

                   Pihak ketiga                                                                                                Third parties
                       Tabungan - investasi terikat           4.363.905                3.583.821                             investment
                       Tabungan Mudharabah -                                                                Mudharabah saving deposits -
                          investasi tidak terikat                                                                  unrestricted deposits
                          Tabungan BSI                       77.470.047               66.147.639                    BSI saving deposits
                          Tabungan Mabrur                    14.033.505               12.880.933                 Mabrur saving deposits
                          Tabungan Pensiun                    1.133.417                1.118.371             Retirement saving deposits
                          Tabungan Mudharabah                                                                    Mudharabah institution
                              institusi                         728.191                 505.812                       saving deposits
                          Tabungan Investa                                                                            Investa Cendekia
                              Cendekia                          347.135                 465.954                       saving deposits
                          Tabungan Berencana                                                                            Berencana BSI
                              BSI                               138.849                 175.752                       saving deposits
                          Tabungan Qurban                            82                      99                 Qurban saving deposits

                                                             98.215.131               84.878.381

                                                             99.316.539               85.254.149


              b.    Kisaran nisbah bagi hasil untuk tabungan                           b.     Range of the annual profit sharing ratio
                    Mudharabah - investasi tidak terikat per                                  (nisbah) for Mudharabah saving deposits -
                    tahun:                                                                    unrestricted investment:
                                                      31 Desember 2025/    31 Desember 2024/
                                                      31 December 2025     31 December 2024
                    Rupiah                                 1,29% - 1,61%         0,51% - 0,70%                                       Rupiah
                    Mata uang asing                        0,17% - 0,18%         0,22% - 0,23%                            Foreign currencies




                                                                  348
Page 1363
                                                                                         The original consolidated financial statements
                                                                                       included herein are in the Indonesian language.

          PT BANK MANDIRI (PERSERO) Tbk                                         PT BANK MANDIRI (PERSERO) Tbk
              DAN ENTITAS ANAKNYA                                                     AND ITS SUBSIDIARIES
        CATATAN ATAS LAPORAN KEUANGAN                                            NOTES TO THE CONSOLIDATED
                   KONSOLIDASIAN                                                     FINANCIAL STATEMENTS
         Tanggal 31 Desember 2025 dan untuk                                       As of 31 December 2025 and for
        Tahun Berakhir pada Tanggal Tersebut                                         for the Year Then Ended
           (Disajikan dalam jutaan Rupiah,                                       (Expressed in millions of Rupiah,
               kecuali dinyatakan lain)                                              unless otherwise stated)

38. DANA SYIRKAH TEMPORER (lanjutan)                              38. TEMPORARY SYIRKAH FUNDS (continued)

   Dana syirkah temporer terdiri dari: (lanjutan)                     Temporary syirkah funds consists of: (continued)

   a.    Simpanan dari nasabah (lanjutan)                             a.   Deposits from Customers (continued)

         3)     Deposito Mudharabah - investasi tidak terikat              3)     Mudharabah Time Deposit - unrestricted
                                                                                  investment

                                                31 Desember 2025/    31 Desember 2024/
                                                31 December 2025     31 December 2024

              Rupiah                                                                                                          Rupiah
                Pihak berelasi (Catatan 56)             44.715.076              36.497.082                Related parties (Note 56)
                Pihak ketiga                            87.483.379              86.394.238                             Third parties

                                                       132.198.455          122.891.320

              Mata uang asing                                                                                     Foreign currencies
               Pihak berelasi (Catatan 56)               1.463.701               1.260.326                Related parties (Note 56)
               Pihak ketiga                             11.850.985               6.067.645                             Third parties
                                                        13.314.686               7.327.971
              Total                                    145.513.141          130.219.291                                         Total


   b.    Simpanan dari bank lain                                       b. Deposits from Other Banks
                                                31 Desember 2025/    31 Desember 2024/
                                                31 December 2025     31 December 2024

        Rupiah                                                                                                              Rupiah
        Pihak ketiga                                                                                                 Third parties
             Giro Mudharabah -                                                                    Mudharabah demand deposits -
               investasi tidak terikat                      52.357                 47.282             unrestricted investment
             Tabungan Mudharabah -                                                                 Mudharabah saving deposits -
               investasi tidak terikat                     616.794                536.509             unrestricted investment
             Deposito Mudharabah -                                                                   Mudharabah time deposits -
               investasi tidak terikat                      84.730                 94.515             unrestricted investment

        Total                                              753.881                678.306                                       Total


   c.    Berikut adalah informasi penting lainnya                     c.   Other significant information related to the time
         sehubungan dengan deposito dari simpanan dari                     deposits for deposits from customers and deposits
         nasabah dan simpanan dari bank lain:                              from other banks:
         1)     Berdasarkan jangka waktu:                                  1)    By contract period:
                                                31 Desember 2025/    31 Desember 2024/
                                                31 December 2025     31 December 2024

              Rupiah                                                                                                         Rupiah
                1 bulan                                 68.897.511              64.656.825                                1 month
                3 bulan                                 40.151.754              32.361.839                               3 months
                6 bulan                                 17.984.289              19.023.479                               6 months
                12 bulan                                 5.249.631               6.943.692                              12 months

              Total                                    132.283.185          122.985.835                                         Total
              Mata uang asing                                                                                    Foreign currencies
                1 bulan                                 12.285.420               6.100.683                               1 month
                3 bulan                                    293.749                 675.420                              3 months
                6 bulan                                    137.424                 143.673                              6 months
                12 bulan                                   598.093                 408.195                             12 months
              Total                                     13.314.686               7.327.971                                      Total
                                                       145.597.871          130.313.806



                                                            349
Page 1364
                                                                                        The original consolidated financial statements
                                                                                      included herein are in the Indonesian language.

          PT BANK MANDIRI (PERSERO) Tbk                                        PT BANK MANDIRI (PERSERO) Tbk
              DAN ENTITAS ANAKNYA                                                    AND ITS SUBSIDIARIES
        CATATAN ATAS LAPORAN KEUANGAN                                           NOTES TO THE CONSOLIDATED
                   KONSOLIDASIAN                                                    FINANCIAL STATEMENTS
         Tanggal 31 Desember 2025 dan untuk                                      As of 31 December 2025 and for
        Tahun Berakhir pada Tanggal Tersebut                                        for the Year Then Ended
           (Disajikan dalam jutaan Rupiah,                                      (Expressed in millions of Rupiah,
               kecuali dinyatakan lain)                                             unless otherwise stated)

38. DANA SYIRKAH TEMPORER (lanjutan)                              38. TEMPORARY SYIRKAH FUNDS (continued)

   Dana syirkah temporer terdiri dari: (lanjutan)                    Temporary syirkah funds consists of: (continued)

   c.    Berikut adalah informasi penting lainnya                    c.   Other significant information related to the time
         sehubungan dengan deposito dari simpanan dari                    deposits for deposits from customers and deposits
         nasabah dan simpanan dari bank lain: (lanjutan)                  from other banks: (continued)

         2)    Berdasarkan sisa waktu hingga jatuh tempo:                 2)    By remaining period until maturity date:

                                             31 Desember 2025/      31 Desember 2024/
                                             31 December 2025       31 December 2024
              Rupiah                                                                                                        Rupiah
                 Kurang dari 1 bulan                  76.095.059               72.729.631                      Less than 1 month
                 1 - 3 bulan                          47.848.797               29.881.194                            1 - 3 months
                 3 - 6 bulan                           5.732.194               16.528.669                            3 - 6 months
                 6 - 12 bulan                          2.607.135                3.846.341                          6 - 12 months

              Total                                  132.283.185           122.985.835                                         Total


              Mata uang asing                                                                                    Foreign currencies
                 Kurang dari 1 bulan                  12.394.667                6.447.489                      Less than 1 month
                 1 - 3 bulan                             317.972                  466.065                            1 - 3 months
                 3 - 6 bulan                             302.867                  340.384                            3 - 6 months
                 6 - 12 bulan                            299.180                   74.033                          6 - 12 months

              Total                                   13.314.686                7.327.971                                      Total

                                                     145.597.871           130.313.806


               Deposito berjangka Mudharabah merupakan                          Mudharabah time deposits represent third
               simpanan dana pihak lain yang mendapatkan                        parties’ deposits which received a profit sharing
               imbalan bagi hasil dari pendapatan Entitas                       return from the Subsidiary’s income over
               Anak atas penggunaan dana tersebut dengan                        utilisation of its fund based on an agreed profit
               nisbah yang ditetapkan dan disetujui                             sharing ratio (nisbah) set and arranged in
               sebelumnya dengan akad Mudharabah                                Mudharabah muthlaqah agreement.
               muthlaqah.

         3)    Kisaran nisbah bagi hasil untuk deposito                   3)    Ranging of the annual profit sharing ratio (nisbah)
               Mudharabah per tahun:                                            Mudharabah Time Deposits:

                                             31 Desember 2025/      31 Desember 2024/
                                             31 December 2025       31 December 2024

               Rupiah                               2,38% - 3,48%         2,17% - 3,50%                                     Rupiah
               Mata uang asing                      0,22% - 2,04%         0,22% - 0,23%                          Foreign currencies

         4)    Deposito berjangka Mudharabah dengan                       4)    Mudharabah time deposits with Mudharabah
               akad Mudharabah muthlaqah yang dijadikan                         muthlaqah agreement that is pledged as
               sebagai   jaminan     atas piutang   dan                         collateral for receivables and financing
               pembiayaan       adalah    masing-masing                         amounted to Rp1,960,875 and Rp1,575,029 as
               berjumlah Rp1.960.875 dan Rp1.575.029                            of 31 December 2025 and 2024, respectively.
               pada tanggal 31 Desember 2025 dan 2024.




                                                            350
Page 1365
                                                                                                              The original consolidated financial statements
                                                                                                            included herein are in the Indonesian language.

        PT BANK MANDIRI (PERSERO) Tbk                                                             PT BANK MANDIRI (PERSERO) Tbk
            DAN ENTITAS ANAKNYA                                                                         AND ITS SUBSIDIARIES
      CATATAN ATAS LAPORAN KEUANGAN                                                                NOTES TO THE CONSOLIDATED
                 KONSOLIDASIAN                                                                         FINANCIAL STATEMENTS
       Tanggal 31 Desember 2025 dan untuk                                                           As of 31 December 2025 and for
      Tahun Berakhir pada Tanggal Tersebut                                                             for the Year Then Ended
         (Disajikan dalam jutaan Rupiah,                                                           (Expressed in millions of Rupiah,
             kecuali dinyatakan lain)                                                                  unless otherwise stated)

39. KEPENTINGAN NONPENGENDALI ATAS ASET                                            39. NON-CONTROLLING INTERESTS IN NET ASSETS
    BERSIH ENTITAS ANAK YANG DIKONSOLIDASI                                             OF CONSOLIDATED SUBSIDIARIES

   Akun ini merupakan kepentingan nonpengendali atas                                  This account represents non-controlling interests in net
   aset bersih Entitas Anak yang dikonsolidasi sebagai                                assets of consolidated Subsidiaries which are as
   berikut:                                                                           follows:

                                                          31 Desember 2025/          31 Desember 2024/
                                                          31 December 2025           31 December 2024
   PT Bank Syariah Indonesia Tbk                                     25.018.787                   21.664.415                  PT Bank Syariah Indonesia Tbk
   PT Bank Mandiri Taspen                                             4.548.328                    3.761.113                       PT Bank Mandiri Taspen
   PT Mandiri Tunas Finance                                           2.409.083                    2.383.566                      PT Mandiri Tunas Finance
   PT AXA Mandiri Financial Services                                  1.674.137                    1.868.228               PT AXA Mandiri Financial Services
   PT Mandiri Sekuritas                                                     689                          639                           PT Mandiri Sekuritas
   PT Mandiri Capital Indonesia                                            305                           291                    PT Mandiri Capital Indonesia
   Total                                                             33.651.329                   29.678.252                                                  Total


   Pada tanggal 31 Desember 2025 dan 2024,                                            As of 31 December 2025 and 2024, the ownership of
   kepemilikan kepentingan nonpengendali atas BSI dan                                 non-controlling interests in BSI and Bank Mantap is
   Bank Mantap masing-masing adalah sebesar 48,53%                                    48.53% and 48.90%, respectively.
   dan 48,90%.

   Ringkasan informasi keuangan BSI dan Bank Mantap                                   The summarized financial information of BSI and Bank
   disajikan berdasarkan nilai sebelum eliminasi antar                                Mantap is presented based on the value before
   perusahaan.                                                                        intercompany elimination.

   Ringkasan laporan posisi keuangan:                                                 Summary of statement of financial position:
                                                          BSI                                 Bank Mantap

                                                  31 Desember/31 December             31 Desember/31 December

                                                 2025               2024              2025               2024

   Total aset                                456.192.606            408.613.432       73.025.174            66.232.344                                   Total assets
   Total liabilitas                          114.099.142            109.866.532       63.627.368            58.444.320                                Total liabilities
   Total dana syirkah temporer               290.140.590            253.705.326                -                     -                           Total syirkah funds
   Total ekuitas                              51.952.874             45.041.574        9.397.806             7.788.024                                   Total equity
   Ekuitas yang diatribusikan kepada:                                                                                                                Attributable to:
      Kepentingan nonpengendali                  25.018.787          21.664.415        4.548.328             3.761.113                     non-controlling interest


   Ringkasan laporan               laba   rugi     dan         penghasilan         Summary of statement of profit or loss and other
   komprehensif lain:                                                              comprehensive income:
                                                          BSI                                 Bank Mantap

                                                         Tahun yang berakhir pada tanggal 31 Desember/
                                                                  Year ended 31 December

                                                 2025               2024              2025               2024

   Laba operasional                              10.008.017           9.278.144        2.053.823             2.051.255                        Income from operation

   Laba sebelum beban pajak                       9.761.412           9.050.395        2.053.656             2.039.633                  Income before tax expense
   Beban pajak - neto                            (2.193.889)         (2.044.507)        (472.560)             (462.083)                          Tax expense - net

   Laba tahun berjalan                            7.567.523           7.005.888        1.581.096             1.577.550                     Net income for the year
   Penghasilan komprehensif lain                                                                                                       Other comprehensive income
      tahun berjalan - setelah                                                                                                                for the year - net of
      pajak penghasilan                            394.662             152.125           186.440                (65.310)                               income tax

   Total penghasilan komprehensif                                                                                                     Total comprehensive income
      tahun berjalan                              7.962.185           7.158.013        1.767.536             1.512.240                              for the year

   Laba tahun berjalan yang                                                                                                                 Net income for ther year
      diatribusikan kepada                                                                                                                          attributable to
      kepentingan nonpengendali                   3.672.867           3.400.280          559.479                771.454                    non-controlling interest
   Dividen yang dibayar kepada                                                                                                                     Dividend paid for
      kepentingan nonpengendali                    510.042             415.243               77.145              68.922                    non-controlling interest




                                                                            351
Page 1366
                                                                                                             The original consolidated financial statements
                                                                                                           included herein are in the Indonesian language.

          PT BANK MANDIRI (PERSERO) Tbk                                                          PT BANK MANDIRI (PERSERO) Tbk
              DAN ENTITAS ANAKNYA                                                                      AND ITS SUBSIDIARIES
        CATATAN ATAS LAPORAN KEUANGAN                                                             NOTES TO THE CONSOLIDATED
                   KONSOLIDASIAN                                                                      FINANCIAL STATEMENTS
         Tanggal 31 Desember 2025 dan untuk                                                        As of 31 December 2025 and for
        Tahun Berakhir pada Tanggal Tersebut                                                          for the Year Then Ended
           (Disajikan dalam jutaan Rupiah,                                                        (Expressed in millions of Rupiah,
               kecuali dinyatakan lain)                                                               unless otherwise stated)

39. KEPENTINGAN NONPENGENDALI ATAS ASET                                          39. NON-CONTROLLING INTERESTS IN NET ASSETS
    BERSIH ENTITAS ANAK YANG DIKONSOLIDASI                                           OF CONSOLIDATED SUBSIDIARIES (continued)
    (lanjutan)

   Ringkasan laporan arus kas:                                                        Summary of statement of cash flow:

                                                        BSI                                  Bank Mantap

                                                       Tahun yang berakhir pada tanggal 31 Desember/
                                                                Year ended 31 December

                                               2025              2024                 2025                 2024

    Aktivitas operasi                          14.165.559          6.812.261            6.198.064             5.886.748                          Operating activities
    Aktivitas investasi                         6.413.828          6.345.483           (4.371.450)           (4.502.517)                          Investing activities
    Aktivitas pendanaan                       (17.644.971)         8.749.006              558.752               210.610                          Financing activities

    Kenaikan/(penurunan) neto                                                                                                               Net increase/(decrease)
      kas dan setara kas                       2.934.416          21.906.750            2.385.366            1.594.841              in cash and cash equivalents



40. EKUITAS                                                                      40. EQUITY

   a.    Modal dasar, ditempatkan dan disetor                                         a.     Authorised, issued and fully paid capital

         Modal dasar, ditempatkan dan disetor Bank                                           The Bank’s authorised, issued and fully paid capital
         Mandiri adalah sebagai berikut:                                                     respectively, are as follows:

                                                                 31 Desember 2025/31 December 2025

                                                                   Nilai nominal
                                                                    per lembar                                    Persentase
                                                                       saham               Total nilai            kepemilikan
                                             Jumlah lembar       (jumlah penuh)/             saham                  saham/
                                                saham/            Nominal value        (jumlah penuh)/            Percentage
                                               Number of             per share            Share value                 of
                                                shares             (full amount)         (full amount)             ownership


          Modal dasar                                                                                                                            Authorised capital
          Saham Seri A Dwiwarna                            1                   125                  125                 0,00%           Dwiwarna Series A Share
          Saham Biasa Seri B                 127.999.999.999                   125   15.999.999.999.875               100,00%           Series B Common Shares


        Total modal dasar                    128.000.000.000                         16.000.000.000.000                100,00%


        Modal ditempatkan dan disetor                                                                                            Issued and fully paid capital
          Saham Seri A Dwiwarna                                                                                                         Dwiwarna Series A Share
             Negara Republik Indonesia                       1             125                       125                 0,00%           Republic of Indonesia

          Saham Seri B                                                                                                                   Series B Common Shares
            PT Danantara Asset Management     48.533.333.333               125        6.066.666.666.625                52,00%    PT Danantara Asset Management
            (Persero)                                                                                                                                (Persero)
            Indonesia Investment Authority     7.466.666.666               125         933.333.333.250                   8,00%   Indonesia Investment Authority
            Dewan Komisaris:                                                                                                              Board of Commissioners:
               Zulkifli Zaini                     22.850.900               125             2.856.362.500                 0,02%                     Zulkifli Zaini
               Muhammad Yusuf Ateh                 4.244.800               125               530.600.000                 0,00%          Muhammad Yusuf Ateh

             Direksi:                                                                                                                         Board of Directors:
                Riduan                            14.547.800               125             1.818.475.000                 0,02%                         Riduan
                Henry Panjaitan                      163.000               125                20.375.000                 0,00%                Henry Panjaitan
                Timothy Utama                     10.334.300               125             1.291.787.500                 0,01%                 Timothy Utama
                Eka Fitria                         4.293.600               125              536.700.000                  0,01%                      Eka Fitria
                Danis Subyantoro                     348.584               125                43.573.000                 0,00%              Danis Subyantoro
                Totok Priyambodo                     370.000               125                46.250.000                 0,00%              Totok Priyambodo
                Mochamad Rizaldi                     403.400               125                50.425.000                 0,00%              Mochamad Rizaldi
                Saptari                              121.064               125                15.133.000                 0,00%                         Saptari
                Ari Rizaldi                          183.168               125                22.896.000                 0,00%                     Ari Rizaldi
                Novita Widya Anggraini               222.000               125                27.750.000                 0,00%         Novita Widya Anggraini
                Jan Winston Tambunan                  86.400               125                10.800.000                 0,00%         Jan Winston Tambunan
                Sunarto                              549.600               125                68.700.000                 0,00%                        Sunarto
             Publik (masing-masing
                dibawah 5%)                   37.190.364.716               125        4.648.795.589.500                39,85%                Public (less than 5%)

                                              93.249.083.332                         11.656.135.416.500                99,91%
             Saham Treasuri
                (catatan 2am)                     84.250.000                            10.531.250.000                   0,09%

                                              93.333.333.332                         11.666.666.666.500               100,00%




                                                                         352
Page 1367
                                                                                                               The original consolidated financial statements
                                                                                                             included herein are in the Indonesian language.

           PT BANK MANDIRI (PERSERO) Tbk                                                           PT BANK MANDIRI (PERSERO) Tbk
               DAN ENTITAS ANAKNYA                                                                       AND ITS SUBSIDIARIES
         CATATAN ATAS LAPORAN KEUANGAN                                                              NOTES TO THE CONSOLIDATED
                    KONSOLIDASIAN                                                                       FINANCIAL STATEMENTS
          Tanggal 31 Desember 2025 dan untuk                                                         As of 31 December 2025 and for
         Tahun Berakhir pada Tanggal Tersebut                                                           for the Year Then Ended
            (Disajikan dalam jutaan Rupiah,                                                         (Expressed in millions of Rupiah,
                kecuali dinyatakan lain)                                                                unless otherwise stated)

40. EKUITAS (lanjutan)                                                               40. EQUITY (continued)

    a.    Modal dasar,               ditempatkan         dan       disetor              a.     Authorised, issued and fully paid capital
          (lanjutan)                                                                           (continued)

                                                                   31 Desember 2024/31 December 2024

                                                                     Nilai nominal
                                                                      per lembar                               Persentase
                                                                         saham              Total nilai        kepemilikan
                                               Jumlah lembar       (jumlah penuh)/            saham              saham/
                                                  saham/            Nominal value       (jumlah penuh)/        Percentage
                                                 Number of             per share           Share value             of
                                                  shares             (full amount)        (full amount)         ownership
         Modal dasar                                                                                                                          Authorised capital
           Saham Seri A Dwiwarna                              1                 125                  125              0,00%          Dwiwarna Series A Share
           Saham Biasa Seri B                   127.999.999.999                 125    15.999.999.999.875            100,00%         Series B Common Shares

         Total modal dasar                      128.000.000.000                        16.000.000.000.000            100,00%             Total authorised capital

         Modal ditempatkan dan disetor                                                                                               Issued and fully paid capital
           Saham Seri A Dwiwarna                                                                                                      Dwiwarna Series A Share
              Negara Republik Indonesia                        1               125                    125              0,00%           Republic of Indonesia
           Saham Seri B                                                                                                               Series B Common Shares
              Negara Republik Indonesia          48.533.333.333                125      6.066.666.666.625             52,00%           Republic of Indonesia
              Indonesia Investment Authority      7.466.666.666                125        933.333.333.250              8,00%     Indonesia Investment Authority
              Dewan Komisaris:                                                                                                         Board of Commissioners:
                  Rionald Silaban                     3.430.200                125            428.775.000              0,00%                 Rionald Silaban
                  Arif Budimanta                      3.116.400                125            389.550.000              0,00%                  Arif Budimanta
                  Faried Utomo                        3.116.400                125            389.550.000              0,00%                   Faried Utomo
                  Muhammad Yusuf Ateh                 2.673.600                125            334.200.000              0,00%         Muhammad Yusuf Ateh
                  Tedi Bharata                           30.300                125              3.787.500              0,00%                    Tedi Bharata
              Direksi:                                                                                                                       Board of Directors:
                  Darmawan Junaidi                   11.134.200                125          1.391.775.000              0,01%              Darmawan Junaidi
                  Alexandra Askandar                 11.028.200                125          1.378.525.000              0,01%            Alexandra Askandar
                  Agus Dwi Handaya                   11.347.300                125          1.418.412.500              0,01%             Agus Dwi Handaya
                  Riduan                             11.250.000                125          1.406.250.000              0,01%                          Riduan
                  Aquarius Rudianto                   7.102.000                125            887.750.000              0,01%              Aquarius Rudianto
                  Toni Eko Boy Subari                 6.082.200                125            760.275.000              0,01%            Toni Eko Boy Subari
                  Rohan Hafas                         5.965.200                125            745.650.000              0,01%                    Rohan Hafas
                  Sigit Prastowo                     10.869.800                125          1.358.725.000              0,01%                  Sigit Prastowo
                  Timothy Utama                       7.036.600                125            879.575.000              0,01%                 Timothy Utama
                  Eka Fitria                          1.197.500                125            149.687.500              0,01%                        Eka Fitria
                  Danis Subyantoro                      344.800                125             43.100.000              0,00%               Danis Subyantoro
                  Totok Priyambodo                      370.000                125             46.250.000              0,00%              Totok Priyambodo
                  Publik (dibawah 5%)            37.237.238.632                125      4.654.654.829.000             39,90%           Public (less than 5%)

                                                 93.333.333.332                         11.666.666.666.500           100,00%



          Pada tangal 31 Desember 2018 terdapat                                                As of 31 December 2018, there was a change of
          perubahan kepemilikan saham yang dimiliki oleh                                       ownership of the stock owned by the Board of
          Dewan Komisaris Bank Mandiri, dimana                                                 Commissioners of Bank Mandiri, where the
          kepemilikan saham pada tahun sebelumnya nihil.                                       ownership of shares in the prior year was nil. The
          Kepemilikan saham tersebut dalam rangka                                              share ownership was related to the implementation
          pelaksanaan POJK No. 45/POJK.03/2015 tentang                                         of FSA regulation No. 45/POJK.03/2015, about the
          Penerapan Tata Kelola dalam Pemberian                                                Application of Corporate Governance in Granting
          Remunerasi Bagi Bank Umum, dimana anggota                                            Remuneration for Commercial Banks, where
          Direksi dan Dewan Komisaris Non Independen                                           member of Directors and Non Independent Board of
          diberikan remunerasi yang bersifat variabel dalam                                    Commissioners      are    entitled   to   variable
          bentuk saham Bank atas kinerja untuk tahun buku                                      remuneration in form of the Bank’s shares for
          2017.                                                                                financial performance of 2017.

          Saham yang dimiliki oleh Dewan Komisaris dan                                         Shares owned by the Board of Commissioners and
          Direksi untuk tahun yang berakhir pada tanggal                                       Board of Directors for the period and year
          31 Desember 2025 dan 2024 masing-masing                                              31 December 2025 and 2024 respectively,
          sebesar 58.718.616 lembar dan 96.094.700                                             amounted to 58,718,616 shares and 96,094,700
          lembar saham atau 0,06% dan 0,1% dari jumlah                                         shares, or 0.06% and 0.1% from the total number
          lembar saham modal ditempatkan dan disetor.                                          of issued and fully paid-in capital shares.




                                                                            353
Page 1368
                                                                                       The original consolidated financial statements
                                                                                     included herein are in the Indonesian language.

           PT BANK MANDIRI (PERSERO) Tbk                                        PT BANK MANDIRI (PERSERO) Tbk
               DAN ENTITAS ANAKNYA                                                    AND ITS SUBSIDIARIES
         CATATAN ATAS LAPORAN KEUANGAN                                           NOTES TO THE CONSOLIDATED
                    KONSOLIDASIAN                                                    FINANCIAL STATEMENTS
          Tanggal 31 Desember 2025 dan untuk                                      As of 31 December 2025 and for
         Tahun Berakhir pada Tanggal Tersebut                                        for the Year Then Ended
            (Disajikan dalam jutaan Rupiah,                                      (Expressed in millions of Rupiah,
                kecuali dinyatakan lain)                                             unless otherwise stated)

40. EKUITAS (lanjutan)                                             40. EQUITY (continued)

    a.    Modal dasar,        ditempatkan     dan     disetor         a.   Authorised, issued and fully paid capital
          (lanjutan)                                                       (continued)

          Penetapan modal ditempatkan dan disetor                          The determination of issued and fully paid capital
          sebesar Rp4.000.000 oleh Pemerintah Republik                     amounted to Rp4,000,000 by the Government of the
          Indonesia pada tanggal pendirian Bank Mandiri,                   Republic of Indonesia at the date of establishment
          telah dilaksanakan sebagai berikut:                              of Bank Mandiri was carried out as follows:

          1.   Pembayaran secara tunai melalui Bank                        1.   Cash payment through             Bank   Indonesia
               Indonesia sejumlah Rp1.600.004.                                  amounted to Rp1,600,004.

          2.   Penempatan dalam saham yang dicatat                         2.   Placements in shares recorded as investments
               sebagai penyertaan saham pada Bank                               in shares of the Merged Banks amounted to
               Peserta Penggabungan sejumlah Rp599.999                          Rp599,999 each or totaling Rp2,399,996,
               untuk setiap Bank atau jumlah keseluruhannya                     through the transfer of shares of the
               Rp2.399.996, melalui pengalihan saham milik                      Government of the Republic of Indonesia in
               Pemerintah Republik Indonesia pada setiap                        each of the Merged Banks to Bank Mandiri, as
               Bank Peserta Penggabungan kepada Bank                            resolved during the respective Extraordinary
               Mandiri, seperti yang telah disebut dalam                        General Shareholders’ Meetings of the Merged
               Rapat Umum Pemegang Saham Luar Biasa                             Banks. Based on the inbreng agreement
               dari     Bank      Peserta      Penggabungan.                    approved by Notarial Deed No. 9 of Notary
               Berdasarkan perjanjian inbreng yang telah                        Sutjipto, S.H., dated 2 October 1998, Bank
               diaktakan dengan Akta No. 9 yang dibuat oleh                     Mandiri and the Government of the Republic of
               Notaris Sutjipto, S.H., tanggal 2 Oktober 1998,                  Indonesia agreed to transfer those shares as
               Bank Mandiri dan Pemerintah Republik                             payment for new shares to be issued by Bank
               Indonesia setuju untuk mengalihkan saham-                        Mandiri.
               saham tersebut sebagai pembayaran untuk
               saham baru yang akan dikeluarkan oleh Bank
               Mandiri.

          Berdasarkan     perubahan      anggaran     dasar                Based on the amendments to the Articles of
          Bank Mandiri yang dituangkan dalam Akta                          Association of Bank Mandiri which stated in the
          No. 98 yang dibuat oleh Notaris Sutjipto, S.H.,                  Notarial Deed No. 98 of Notary Sutjipto, S.H. dated
          tanggal 24 Juli 1999, pemegang saham                             24 July 1999, the shareholders resolved to increase
          memutuskan untuk meningkatkan modal disetor                      the paid-in capital (share capital) of Bank Mandiri
          (modal saham) Bank Mandiri dari Rp4.000.000                      from Rp4,000,000 to Rp4,251,000 to be entirely
          menjadi Rp4.251.000 dan jumlah tersebut akan                     paid by the Government of the Republic of
          dibayar oleh Pemerintah Republik Indonesia.                      Indonesia. The increase of Rp251,000 was a
          Penambahan sebesar Rp251.000 merupakan                           conversion from additional paid-in capital to share
          hasil konversi dari tambahan modal disetor                       capital as a result of an excess from recapitalisation
          menjadi modal saham akibat dari adanya                           bonds issued under the First Recapitalisation
          kelebihan obligasi rekapitalisasi yang diterbitkan               Program based on Government Regulation No. 52
          dalam     Program     Rekapitalisasi     Pertama                 year 1999.
          berdasarkan Peraturan Pemerintah No. 52 Tahun
          1999.

          Berdasarkan keputusan RUPS-LB tanggal                            Based on the RUPS – LB decision dated
          29 Mei 2003 yang dituangkan dalam Akta                           29 May 2003, which was documented in Notarial
          No. 142 yang dibuat oleh Notaris Sutjipto, S.H.,                 Deed No. 142 of Notary Sutjipto, S.H., dated
          tanggal 29 Mei 2003, pemegang saham                              29 May 2003, the shareholders approved these
          Bank Mandiri antara lain menyetujui:                             following matters:
          (i) Pelaksanaan Initial Public Offering (IPO).                   (i) Execution of Initial Public Offering (IPO).
          (ii) Perubahan         struktur       permodalan                 (ii) Changes in capital structure of Bank Mandiri.
                Bank Mandiri.
          (iii) Perubahan anggaran dasar Bank Mandiri.                     (iii) Changes in      articles   of    association    of
                                                                                 Bank Mandiri.




                                                             354
Page 1369
                                                                                     The original consolidated financial statements
                                                                                   included herein are in the Indonesian language.

           PT BANK MANDIRI (PERSERO) Tbk                                      PT BANK MANDIRI (PERSERO) Tbk
               DAN ENTITAS ANAKNYA                                                  AND ITS SUBSIDIARIES
         CATATAN ATAS LAPORAN KEUANGAN                                         NOTES TO THE CONSOLIDATED
                    KONSOLIDASIAN                                                  FINANCIAL STATEMENTS
          Tanggal 31 Desember 2025 dan untuk                                    As of 31 December 2025 and for
         Tahun Berakhir pada Tanggal Tersebut                                      for the Year Then Ended
            (Disajikan dalam jutaan Rupiah,                                    (Expressed in millions of Rupiah,
                kecuali dinyatakan lain)                                           unless otherwise stated)

40. EKUITAS (lanjutan)                                           40. EQUITY (continued)

    a.    Modal dasar,       ditempatkan     dan    disetor         a.   Authorised, issued and fully paid capital
          (lanjutan)                                                     (continued)

          Berkaitan dengan perubahan struktur permodalan                 In relation to the change in capital structure of Bank
          Bank Mandiri, RUPS-LB juga menyetujui                          Mandiri, the RUPS–LB also approved the allocation
          penetapan bagian dari dana rekapitalisasi sebesar              on part of recapitalisation fund amounted to
          Rp168.801.315 sebagai agio saham.                              Rp168,801,315 as share premium.

          Perubahan struktur permodalan tersebut di atas                 The changes of capital structure that mentioned
          berlaku efektif terhitung sejak tanggal 23 Mei                 above became effective started from 23 May 2003,
          2003, dengan catatan Bank Mandiri harus                        with the conditional requirement that the Bank
          melakukan kuasi-reorganisasi yang ditetapkan                   should conduct a quasi-reorganisation before the
          dalam    RUPS       selambat-lambatnya    pada                 end of 2003 as required in the RUPS.
          penutupan buku tahun 2003.

          Saham Seri A Dwiwarna merupakan saham yang                     The Dwiwarna Series A share represents a share
          dimiliki oleh Negara Republik Indonesia dan tidak              owned by the Republic of Indonesia, which is not
          dapat dipindahkan kepada siapapun. Saham Seri                  transferrable. It provides the Republic of Indonesia
          A Dwiwarna memberikan hak istimewa kepada                      with the privileges where RUPS can make decision
          Negara Republik Indonesia dimana dalam                         only if the Dwiwarna Series A shareholder attend
          agenda-agenda tertentu, RUPS hanya dapat                       and approve certain agendas.
          memutuskan jika pemegang saham Seri A
          Dwiwarna hadir dan menyetujui usul agenda
          dimaksud.

          Beberapa agenda RUPS yang wajib dihadiri dan                   The agenda of RUPS where the shareholder of
          disetujui oleh Pemegang Saham Seri A Dwiwarna                  Dwiwarna Series A are mandatory to attend and
          agar RUPS dapat memutus adalah agenda RUPS                     approve are:
          yang terkait dengan:
          1. Penambahan modal.                                           1.   Increases in capital.
          2. Pengangkatan dan pemberhentian Direksi                      2.   Appointment and termination of the Boards of
               dan Dewan Komisaris.                                           Directors and Commissioners.
          3. Perubahan anggaran dasar.                                   3.   Amendment of the Articles of Association.
          4. Penggabungan,          peleburan       dan                  4.   Mergers, acquisitions and takeovers.
               pengambilalihan.
          5. Pembubaran dan likuidasi.                                   5.   Dissolution and liquidation.

          Perubahan      struktur   modal    sebagaimana                 The changes in the capital structure were based on
          disebutkan di atas telah dicantumkan dalam                     the Minutes of Meeting regarding the Amendment of
          Pernyataan     Keputusan     Rapat   Perubahan                 the Articles of Association (Pernyataan Keputusan
          Anggaran Dasar PT Bank Mandiri (Persero) Tbk                   Rapat Perubahan Anggaran Dasar) of PT Bank
          yang dituangkan dalam akta notaris Sutjipto, S.H.,             Mandiri (Persero) Tbk as stated in Notarial Deed of
          No. 2 tanggal 1 Juni 2003. Perubahan tersebut                  Sutjipto, S.H. No. 2 dated 1 June 2003.
          telah disahkan oleh Menteri Hukum dan Hak Asasi                The amendment was approved by the Ministry of
          Manusia Republik Indonesia, dengan Surat                       Law and Human Rights of the Republic of Indonesia
          Keputusan         No. C-12783.HT.01.04.TH.2003                 through                Decision              Letter
          tanggal 6 Juni 2003 dan diumumkan pada                         No. C-12783.HT.01.04.TH.2003 dated 6 June 2003
          tambahan No. 6590 dalam Berita Negara                          and announced in Appendix No. 6590 of State
          Republik Indonesia No. 63 tanggal 8 Agustus                    Gazette of the Republic of Indonesia No. 63 dated
          2003.                                                          8 August 2003.




                                                           355
Page 1370
                                                                                    The original consolidated financial statements
                                                                                  included herein are in the Indonesian language.

           PT BANK MANDIRI (PERSERO) Tbk                                     PT BANK MANDIRI (PERSERO) Tbk
               DAN ENTITAS ANAKNYA                                                 AND ITS SUBSIDIARIES
         CATATAN ATAS LAPORAN KEUANGAN                                        NOTES TO THE CONSOLIDATED
                    KONSOLIDASIAN                                                 FINANCIAL STATEMENTS
          Tanggal 31 Desember 2025 dan untuk                                   As of 31 December 2025 and for
         Tahun Berakhir pada Tanggal Tersebut                                     for the Year Then Ended
            (Disajikan dalam jutaan Rupiah,                                   (Expressed in millions of Rupiah,
                kecuali dinyatakan lain)                                          unless otherwise stated)

40. EKUITAS (lanjutan)                                          40. EQUITY (continued)

    a.    Modal dasar,       ditempatkan    dan    disetor         a.   Authorised, issued and fully paid capital
          (lanjutan)                                                    (continued)

          Kenaikan modal saham ditempatkan dan disetor                  The increase in issued and fully paid capital of Bank
          Bank Mandiri dari Rp4.251.000 menjadi                         Mandiri from Rp4,251,000 to Rp10,000,000 was
          Rp10.000.000 dilakukan dengan cara sebagai                    made through the following:
          berikut:
          1.   Pengembalian sebagian modal disetor                      1.   Partial return of fully paid capital of Rp251,000
               sebesar Rp251.000 kepada Pemerintah                           to the Government as a part of the return of
               sebagai bagian dari kelebihan dana                            excess recapitalisation fund of Rp1,412,000
               rekapitalisasi yang masih ditahan pada                        which was retained by Bank Mandiri, and an
               Bank Mandiri sebesar Rp1.412.000 dan                          increase in paid-in capital amounted to
               meningkatkan     modal   disetor   sebesar                    Rp1,000,000 from the capitalisation of
               Rp1.000.000      dari    pengkapitalisasian                   reserves, based on Government Regulation
               cadangan,       berdasarkan      Peraturan                    No. 26 Year 2003 dated 29 May 2003,
               Pemerintah No. 26 Tahun 2003 tanggal                          regarding the Conversion of the Investment of
               29 Mei 2003 tentang Konversi Penyertaan                       the Republic of Indonesia into the Paid-in
               Modal Negara Republik Indonesia ke dalam                      Capital of PT Bank Mandiri (Persero) Tbk, and
               modal saham PT Bank Mandiri (Persero) Tbk                     Decree of the Ministry of State-Owned
               dan Keputusan Menteri Negara Badan Usaha                      Enterprises (“BUMN”), as the Bank’s
               Milik Negara (“BUMN”), selaku Pemegang                        shareholders’,        No. KEP-154/M-MBU/2002
               Saham PT Bank Mandiri (Persero) Tbk No.                       dated 29 October 2002.
               KEP-154/M-MBU/2002 tanggal 29 Oktober
               2002.

          2.   Penambahan       modal    disetor    sebesar             2.   Increase in fully paid capital of Rp5,000,000
               Rp5.000.000 yang berasal dari tambahan                        from the additional paid-in capital based on the
               modal disetor berdasarkan Keputusan                           Decree of the Ministry of Finance of the
               Kementrian       Keuangan         (“KMK-RI”)                  Republic    of     Indonesia      (“KMK     RI”)
               No. 227/202.02/2003 tanggal 23 Mei 2003                       No. 227/202.02/2003 dated 23 May 2003
               tentang    “Besarnya     Nilai  Final    dan                  regarding     “The     Final     Amount     and
               Pelaksanaan Hak-Hak Pemerintah yang                           Implementation of the Government’s Rights
               Timbul    Sebagai     Akibat   Penambahan                     Arising from the Additional Share of the
               Penyertaan      Modal    Negara     Republik                  Government of the Republic of Indonesia in
               Indonesia ke dalam Modal Perusahaan                           PT Bank Mandiri (Persero) Tbk in Relation to
               Perseroan (Persero) PT Bank Mandiri                           the Commercial Banking Recapitalisation
               (Persero) Tbk dalam Rangka Program                            Program”.
               Rekapitalisasi Bank Umum”.

          Program manajemen berbasis saham                              Management stock option plan

          Berdasarkan Keputusan RUPS-LB tanggal                         Based on the RUPS-LB held on 29 May 2003, which
          29 Mei 2003 sebagaimana tertuang dalam Akta                   was notarised by Notary Sutjipto, S.H., in Notarial
          Notaris     Sutjipto,   S.H.,   No. 142   tanggal             Deed No. 142 dated 29 May 2003, the Bank’s
          29 Mei 2003, pemegang saham Bank Mandiri juga                 shareholders also agreed on employee and
          menyetujui rencana kepemilikan saham oleh                     directors stock ownership plan through an
          pegawai dan Direksi melalui Program Penjatahan                Employee Stock Allocation (“ESA”) Program and a
          Saham/Employee Stock Allocation (“ESA”) dan                   Management Stock Option Plan (“MSOP”). The
          Pemberian Opsi Pembelian Saham kepada                         ESA program consists of a Share Plan Bonus and a
          Manajemen/Management Stock Option Plan                        Share Purchase at Discount program. MSOP is
          (“MSOP”). Program ESA terdiri dari program                    designated for Directors and Senior Management at
          Pemberian Saham Bonus (Share Plan Bonus) dan                  certain levels and based on certain criteria. All costs
          program Penjatahan Saham dengan Diskon                        and discounts related to the ESA program are
          (Share Purchase at Discount). Sedangkan                       recognised by the Bank through allocation of
          program MSOP ditujukan untuk Direksi dan                      reserves. The management and execution of the
          pegawai pimpinan pada tingkatan (grade) atau                  ESA and MSOP programs are performed by the
          kriteria tertentu. Biaya dan diskon atas program              Board of Directors, while the supervision is
          ESA tersebut menjadi tanggungan Bank Mandiri                  performed by the Board of Commissioners.
          yang bebannya bersumber dari cadangan yang
          telah dibentuk. Pengelolaan dan pelaksanaan
          program ESA dan MSOP dilakukan oleh Direksi,
          sedangkan pengawasannya dilakukan oleh
          Dewan Komisaris.

                                                          356
Page 1371
                                                                                   The original consolidated financial statements
                                                                                 included herein are in the Indonesian language.

           PT BANK MANDIRI (PERSERO) Tbk                                  PT BANK MANDIRI (PERSERO) Tbk
               DAN ENTITAS ANAKNYA                                              AND ITS SUBSIDIARIES
         CATATAN ATAS LAPORAN KEUANGAN                                     NOTES TO THE CONSOLIDATED
                    KONSOLIDASIAN                                              FINANCIAL STATEMENTS
          Tanggal 31 Desember 2025 dan untuk                                As of 31 December 2025 and for
         Tahun Berakhir pada Tanggal Tersebut                                  for the Year Then Ended
            (Disajikan dalam jutaan Rupiah,                                (Expressed in millions of Rupiah,
                kecuali dinyatakan lain)                                       unless otherwise stated)

40. EKUITAS (lanjutan)                                         40. EQUITY (continued)

    a.    Modal dasar,      ditempatkan     dan   disetor         a.   Authorised, issued and fully paid capital
          (lanjutan)                                                   (continued)

          Program manajemen berbasis saham (lanjutan)                  Management stock option plan (continued)

          Pada tanggal 14 Juli 2003, Pemerintah Republik               On 14 July 2003, the Government of the Republic of
          Indonesia melepaskan 4.000.000.000 lembar                    Indonesia    divested      4,000,000,000       shares
          sahamnya, yang mewakili 20,00% kepemilikannya                representing 20.00% of its ownership in Bank
          di Bank Mandiri, melalui Initial Public Offering             Mandiri through an Initial Public Offering (“IPO”).
          (“IPO”).

          Sebagai tindak lanjut dari Peraturan Pemerintah              As a follow up action on the Government of Republic
          Republik Indonesia No. 27/2003 tanggal                       of Indonesia Regulation No. 27/2003 dated 2 June
          2 Juni 2003 yang menyetujui divestasi sampai                 2003, which approved the divestment of the
          30,00% atas kepemilikan Pemerintah di Bank                   Government ownership in Bank Mandiri of up to
          Mandiri dan berdasarkan keputusan Tim                        30.00%, and based on a decision of Tim Kebijakan
          Kebijakan Privatisasi Badan Usaha Milik Negara               Privatisasi Badan Usaha Milik Negara No. Kep-
          No. Kep-05/TKP/01/2004 tanggal 19 Januari                    05/TKP/01/2004 dated 19 January 2004, the
          2004, Pemerintah Republik Indonesia melakukan                Government of the Republic of Indonesia divested
          divestasi lanjutan atas 10,00% kepemilikan di                an additional 10.00% of ownership interest in Bank
          Bank Mandiri atau sebanyak 2.000.000.000                     Mandiri or 2,000,000,000 shares of Series B
          lembar saham Biasa Seri B pada tanggal                       common shares on 11 March 2004 through private
          11 Maret 2004 melalui private placement.                     placement.

          Pada saat pelaksanaan IPO tanggal 14 Juli 2003,              On 14 July 2003, the date of the IPO, through
          Bank Mandiri memberikan opsi pembelian saham                 MSOP Stage 1, the Bank issued 378,583,785 share
          kepada manajemen melalui program MSOP                        options for the management with an exercise price
          Tahap 1 sebanyak 378.583.785 lembar opsi                     of Rp742.50 (full amount) per share and a nominal
          dengan harga eksekusi sebesar Rp742,50 (nilai                value of Rp500 (full amount) per share. The share
          penuh) per lembar saham dan nilai nominal Rp500              options are recorded in the Shareholders’ Equity
          (nilai penuh) per lembar saham. Pemberian opsi               account - Share Options at fair value amounted to
          saham ini dibukukan pada pos ekuitas - opsi                  Rp69.71 (full amount) per share options. MSOP
          saham dengan nilai wajar opsi saham sebesar                  Stage 1 has been exercised in total 375,365,957
          Rp69,71 (nilai penuh) per lembar. Opsi yang                  shares, thereby increasing the total issued and fully
          dieksekusi dari MSOP Tahap 1 adalah sebesar                  paid capital by Rp187,683, and share premium by
          375.365.957       lembar    saham      sehingga              Rp117,193.
          mengakibatkan penambahan Modal Ditempatkan
          dan Disetor sebesar Rp187.683, penambahan
          agio saham sebesar Rp117.193.

          Selanjutnya pada RUPS Tahunan tanggal                        The Annual General Meeting of Shareholders on 16
          16 Mei 2005 telah disetujui pemberian MSOP                   May 2005 approved MSOP Stage 2 amounted to
          Tahap 2 sebanyak 312.000.000 lembar opsi                     312,000,000 share options. The exercise price for
          saham. Harga eksekusi per lembar saham adalah                each share is Rp1,190.50 (full amount) to be
          sebesar Rp1.190,50 (nilai penuh) untuk                       exercised in the first year and Rp2,493 (full amount)
          pelaksanaan di tahun pertama dan Rp2.493 (nilai              to be exercised in the second year and the
          penuh) untuk pelaksanaan di tahun kedua dan di               following year. The nominal value per share is
          tahun berikutnya. Nilai nominal per lembar saham             Rp500 (full amount). The Bank recorded MSOP
          adalah Rp500 (nilai penuh). Pemberian opsi                   Stage 2 in the shareholders’ equity account -
          saham ini dibukukan pada pos ekuitas - opsi                  Share Options with fair value amounted to
          saham dengan nilai wajar opsi saham                          Rp642.28 (full amount) per share options. MSOP
          sebesar Rp642,28 (nilai penuh) per lembar. Opsi              Stage 2 has been exercised in total of 311,713,697
          yang dieksekusi dari MSOP Tahap 2 adalah                     shares thereby increasing the total issued and fully
          sebesar 311.713.697 lembar saham sehingga                    paid capital by Rp155,857 and share premium by
          mengakibatkan penambahan modal ditempatkan                   Rp425,233.
          dan disetor sebesar Rp155.857 dan penambahan
          agio saham sebesar Rp425.233.




                                                         357
Page 1372
                                                                                   The original consolidated financial statements
                                                                                 included herein are in the Indonesian language.

           PT BANK MANDIRI (PERSERO) Tbk                                  PT BANK MANDIRI (PERSERO) Tbk
               DAN ENTITAS ANAKNYA                                              AND ITS SUBSIDIARIES
         CATATAN ATAS LAPORAN KEUANGAN                                     NOTES TO THE CONSOLIDATED
                    KONSOLIDASIAN                                              FINANCIAL STATEMENTS
          Tanggal 31 Desember 2025 dan untuk                                As of 31 December 2025 and for
         Tahun Berakhir pada Tanggal Tersebut                                  for the Year Then Ended
            (Disajikan dalam jutaan Rupiah,                                (Expressed in millions of Rupiah,
                kecuali dinyatakan lain)                                       unless otherwise stated)

40. EKUITAS (lanjutan)                                         40. EQUITY (continued)

    a.    Modal dasar,      ditempatkan     dan   disetor         a.   Authorised, issued and fully paid capital
          (lanjutan)                                                   (continued)

          Program manajemen berbasis saham (lanjutan)                  Management stock option plan (continued)

          RUPS Tahunan tanggal 22 Mei 2006                             The Annual General Meeting of Shareholders on
          menyetujui pemberian MSOP Tahap 3 sebanyak                   22 May 2006 approved MSOP Stage 3 amounted to
          309.416.215 lembar opsi saham.                               309,416,215 share options.

          Harga eksekusi opsi per lembar saham MSOP                    The exercise price for each share in the MSOP
          Tahap 3 adalah sebesar Rp1.495,08 (nilai penuh)              Stage 3 is Rp1,495.08 (full amount) with nominal
          dengan nilai nominal Rp500 (nilai penuh) per                 value of Rp500 (full amount) per share. The Bank
          lembar saham. Pemberian opsi saham ini                       recorded MSOP Stage 3 as part of the
          dibukukan pada pos ekuitas - opsi saham dengan               shareholders’ equity account at fair value amounted
          nilai wajar opsi saham sebesar Rp593,89 (nilai               to Rp593.89 (full amount) per share option. The total
          penuh) per lembar. Opsi yang dieksekusi dari                 option that has been exercised in MSOP Stage 3
          MSOP Tahap 3 adalah sebesar 309.415.088                      was 309,415,088 shares thereby increasing the
          lembar     saham     sehingga    mengakibatkan               total issued and fully paid capital by Rp154,707 and
          penambahan modal ditempatkan dan disetor                     share premium by Rp491,651.
          sebesar Rp154.707 dan penambahan agio saham
          sebesar Rp491.651.

          Pada tanggal 27 Desember 2010, Bank telah                    On 27 December 2010, Bank Mandiri submitted
          melakukan pendaftaran pertama kepada Otoritas                a first registration to Financial Services Authority
          Jasa Keuangan (“OJK”) (dahulu Badan Pengawas                 (“FSA”) (formerly Capital Market Supervisory Board
          Pasar Modal dan Lembaga Keuangan (Bapepam-                   and Financial Institution (Bapepam-LK)) in relation
          LK)) dalam rangka Penawaran Umum Terbatas                    to the Limited Public Offering (“LPO”) to the Bank’s
          (“PUT”) kepada para pemegang saham Bank                      shareholders in respect to the issuance of Pre-
          dalam rangka Penerbitan Hak Memesan Efek                     emptive Rights ("HMETD") of 2,336,838,591 series
          Terlebih     Dahulu     (“HMETD”)      sebanyak              B shares. The Limited Public Offering has been
          2.336.838.591 lembar saham seri B. PUT ini telah             approved by the Board of Commissioners through
          mendapatkan persetujuan dari Dewan Komisaris                 its letter dated 29 April 2010. The Bank has
          melalui suratnya tertanggal 29 April 2010. Bank              submitted the notification letter regarding the
          telah menyampaikan pemberitahuan mengenai                    Limited Public Offering to Bank Indonesia through
          PUT kepada Bank Indonesia melalui surat                      its letter dated 17 September 2010. The Limited
          tertanggal 17 September 2010. PUT ini juga telah             Public Offering has been enacted through the
          diundangkan melalui Peraturan Pemerintah                     Indonesian Government Regulation No. 75 year
          Republik Indonesia No. 75 tahun 2010 tertanggal              2010 dated 20 November 2010.
          20 November 2010.

          PUT telah mendapat persetujuan efektif dari                  LPO has been approved by Bapepam-LK through
          Bapepam-LK melalui surat No. S-807/BL/2011                   its     letter  No.      S-807/BL/2011 dated
          tertanggal 27 Januari 2011, dimana PUT menjadi               27 January 2011, and the LPO has become
          efektif setelah mendapat persetujuan dari                    effective after obtaining approval in the
          pemegang saham dalam Rapat Umum Pemegang                     Extraordinary General Meeting of Shareholders
          Saham Luar Biasa yang dilaksanakan pada                      held on 28 January 2011.
          tanggal 28 Januari 2011.

          HMETD sebanyak 2.336.838.591 lembar saham                    The Pre-emptive Rights of 2,336,838,591 shares
          diperdagangkan selama periode 14 - 21 Februari               were    traded    during     the    period     of
          2011 dengan harga pelaksanaan sebesar                        14 - 21 February 2011 with an exercise price of
          Rp5.000 (nilai penuh) per lembar saham yang                  Rp5,000 (full amount) per share which resulted in
          mengakibatkan penambahan modal ditempatkan                   an additional of issued and paid-up capital
          dan disetor sebesar Rp1.168.420.                             amounted to Rp1,168,420.




                                                         358
Page 1373
                                                                                  The original consolidated financial statements
                                                                                included herein are in the Indonesian language.

           PT BANK MANDIRI (PERSERO) Tbk                                  PT BANK MANDIRI (PERSERO) Tbk
               DAN ENTITAS ANAKNYA                                              AND ITS SUBSIDIARIES
         CATATAN ATAS LAPORAN KEUANGAN                                     NOTES TO THE CONSOLIDATED
                    KONSOLIDASIAN                                              FINANCIAL STATEMENTS
          Tanggal 31 Desember 2025 dan untuk                                As of 31 December 2025 and for
         Tahun Berakhir pada Tanggal Tersebut                                  for the Year Then Ended
            (Disajikan dalam jutaan Rupiah,                                (Expressed in millions of Rupiah,
                kecuali dinyatakan lain)                                       unless otherwise stated)

40. EKUITAS (lanjutan)                                          40. EQUITY (continued)

    b.    Tambahan modal disetor/agio saham                        b. Additional paid-in capital/share premium

          Tambahan modal disetor/agio saham pada                      The additional paid-in capital/shares premium as of
          tanggal 31 Desember 2024 dan 2023 masing-                   31 December 2024 and 2023 amounted to
          masing sebesar Rp18.095.274 dan Rp17.643.264                Rp18,095,274 and Rp17,643,264, respectively from
          berasal dari Penawaran Umum Terbatas (“PUT”),               the    Limited    Public    Offering   (LPO),    the
          Program Rekapitalisasi (Catatan 1c) dan                     Recapitalization Program (Note 1c) and sale of Bank
          penjualan kepemilikan saham Bank Mandiri di                 Mandiri’s share ownership in PT Usaha Gedung
          PT Usaha Gedung Mandiri (“UGM”) dan PT Bumi                 Mandiri (“UGM”) and PT Bumi Daya Plaza (“BDP”)
          Daya Plaza (“BDP”) serta penggabungan usaha                 as well as the business merger of Bank Syariah
          Bank Syariah Mandiri (“BSM”), Bank Rakyat                   Mandiri (“BSM”), Bank Rakyat Indonesia Syariah
          Indonesia Syariah (“BRIS”) dan Bank Negara                  (“BRIS”) and Bank Negara Indonesia Syariah
          Indonesia Syariah (“BNIS”) menjadi Bank Syariah             (“BNIS”) became Bank Syariah Indonesia (“BSI”).
          Indonesia (“BSI”). Agio saham sebesar                       The shares premium amounted to Rp17,535,764
          Rp17.535.764 termasuk agio yang berasal dari                including premium from the LPO (Note 40a)
          PUT (Catatan 40a) sebesar Rp10.515.774                      amounted to Rp10,515,774 before deducting the
          sebelum dikurangi dengan biaya-biaya yang                   costs related to the LPO amounted to Rp274,078.
          terkait PUT sebesar Rp274.078. Penambahan                   The additional share premium in 2013 amounted to
          agio saham di tahun 2013 sebesar Rp113.817 di               Rp113,817 in the consolidated financial statements
          laporan keuangan konsolidasian (Rp273.932 di                (Rp273,932 in the financial statements of the Parent
          laporan keuangan Entitas Induk) berasal dari                Entity) came from the transfer of ownership of Bank
          pengalihan kepemilikan saham Bank Mandiri di                Mandiri's shares in UGM and BDP to entities under
          UGM      dan    BDP    kepada     entitas-entitas           common control, i.e. the difference between the
          sepengendali, yaitu selisih antara harga jual               selling price and the carrying amount of the
          dengan nilai tercatat penyertaan di laporan                 investment in the consolidated financial statements.
          keuangan konsolidasian. Penambahan agio                     The additional shares premium of Rp327,072 from
          saham sebesar Rp327.072 berasal dari                        the merger of BSM, BRIS and BNIS into BSI.
          penggabungan usaha BSM, BRIS dan BNIS
          menjadi BSI.

          Selisih antara harga jual dengan nilai tercatat              The difference between selling price and book value
          penyertaan yang dicatat sebagai agio saham di                of shares recorded as share premium in Parent
          laporan keuangan induk Bank dan laporan                      Entity and consolidated financial statements are
          konsolidasian adalah masing-masing sebesar                   amounted to Rp273,932 and Rp113,817,
          Rp273.932 dan Rp113.817.                                     respectively.

          Berdasarkan hasil dari uji telaah/due diligence              Based on the results of a due diligence review
          review yang dilaksanakan atas nama Pemerintah                conducted on behalf of the Government dated
          tanggal 31 Desember 1999 dan Kontrak                         31 December 1999 and Management Contract
          Manajemen (“IMPA") tanggal 8 April 2000,                     (“IMPA”) dated 8 April 2000, it was decided that
          ditetapkan      bahwa     terdapat   kelebihan               there was an excess on recapitalisation amounted
          rekapitalisasi sebesar Rp4.069.000. Bank telah               to Rp4,069,000. The Bank has refunded
          mengembalikan Rp2.657.000 dari Obligasi                      Rp2,657,000 of Government Recapitalisation
          Rekapitalisasi Pemerintah ke Pemerintah pada                 Bonds to the Government on 7 July 2000 pursuant
          tanggal 7 Juli 2000 sesuai dengan kontrak                    to the Management Contract. The remaining
          manajemen. Sedangkan atas sisa kelebihan                     balance of Rp1,412,000 was refunded to the
          sebesar Rp1.412.000 telah dikembalikan kepada                Government on 25 April 2003 based on approval
          Pemerintah pada tanggal 25 April 2003 sesuai                 from the shareholders during its meeting on
          dengan persetujuan dari pemegang saham dalam                 29 October 2002 and the Ministry of State-Owned
          rapat tanggal 29 Oktober 2002 dan Surat                      Enterprises Decision Letter No. KEP-154/M-
          Keputusan Menteri BUMN No. KEP-154/M-                        MBU/2002 dated 29 October 2002.
          MBU/2002 tanggal 29 Oktober 2002.

          Termasuk di dalam jumlah pengembalian sisa                   The refund for above excess of recapitalisation
          kelebihan    dana      rekapitalisasi  sebesar               amounted to Rp1,412,000 includes a portion of
          Rp1.412.000 di atas adalah bagian dari modal                 issued and fully paid capital of Rp251,000.
          ditempatkan dan disetor sebesar Rp251.000.




                                                          359
Page 1374
                                                                                       The original consolidated financial statements
                                                                                     included herein are in the Indonesian language.

           PT BANK MANDIRI (PERSERO) Tbk                                        PT BANK MANDIRI (PERSERO) Tbk
               DAN ENTITAS ANAKNYA                                                    AND ITS SUBSIDIARIES
         CATATAN ATAS LAPORAN KEUANGAN                                           NOTES TO THE CONSOLIDATED
                    KONSOLIDASIAN                                                    FINANCIAL STATEMENTS
          Tanggal 31 Desember 2025 dan untuk                                      As of 31 December 2025 and for
         Tahun Berakhir pada Tanggal Tersebut                                        for the Year Then Ended
            (Disajikan dalam jutaan Rupiah,                                      (Expressed in millions of Rupiah,
                kecuali dinyatakan lain)                                             unless otherwise stated)

40. EKUITAS (lanjutan)                                             40. EQUITY (continued)

    b.    Tambahan modal disetor/agio saham (lanjutan)                b.   Additional     paid-in    capital/share       premium
                                                                           (continued)

          Pada tanggal 23 Mei 2003, Menteri Keuangan                       On 23 May 2003, the Minister of Finance of the
          Republik Indonesia telah mengeluarkan Surat                      Republic of Indonesia issued Decree (KMK-RI)
          Keputusan (KMK-RI) No. 227/KMK.02/2003                           No. 227/KMK.02/2003 dated 23 May 2003, which
          tanggal 23 Mei 2003 dan kemudian diubah dengan                   was amended by KMK-RI No. 420/KMK.02/2003
          KMK-RI       No.   420/KMK.02/2003      tanggal                  dated 30 September 2003, which provides further
          30 September 2003 sebagai ketentuan lebih lanjut                 guidance on Government Regulations No. 52 year
          atas pelaksanaan Peraturan Pemerintah No. 52                     1999 and No. 97 year 1999 regarding the final
          tahun 1999 dan No. 97 tahun 1999 mengenai                        additional    Government    participation    in
          jumlah final tambahan penyertaan modal Negara                    Bank Mandiri’s capital.
          dalam modal Bank Mandiri.

          Hal-hal yang diputuskan dalam KMK-RI ini adalah                  The following are the matters decided under the
          sebagai berikut:                                                 KMK-RI:
          a. Nilai     final    kebutuhan      rekapitalisasi              a. The final Bank Mandiri recapitalisation amount
              Bank        Mandiri     adalah       sebesar                     is Rp173,801,315;
              Rp173.801.315;
          b. Terhadap        dana   rekapitalisasi    senilai              b.   The recapitalisation fund of Rp5,000,000 is
              Rp5.000.000 dikonversi dengan 5.000.000                           converted into 5,000,000 new shares issued by
              lembar saham baru yang diterbitkan oleh                           Bank Mandiri with a nominal value of
              Bank Mandiri dengan nilai nominal                                 Rp1,000,000 (full amount) per share;
              Rp1.000.000 (nilai penuh) per lembar saham;
          c. Terhadap sisa dana rekapitalisasi senilai                     c.   The remaining recapitalisation fund amount of
              Rp168.801.315 dibukukan sebagai agio pada                         Rp168,801,315 is recorded as share premium
              struktur modal Bank Mandiri.                                      within the capital structure of Bank Mandiri.

          Dengan dilaksanakannya kuasi-reorganisasi oleh                   Through      quasi-reorganisation,    the Bank’s
          Bank, saldo rugi sebelum kuasi-reorganisasi pada                 accumulated losses as of 30 April 2003 amounted
          tanggal 30 April 2003 sebesar Rp162.874.901                      to Rp162,874,901 were eliminated against
          dieliminasi ke akun tambahan modal disetor/agio.                 additional paid-in capital/share premium.

          Pada tanggal 1 Februari 2021, terdapat transaksi                 On 1 February 2021, there was a transaction
          pembentukan PT Bank Syariah Indonesia Tbk                        involving the establishment of PT Bank Syariah
          yang merupakan hasil penggabungan PT Bank                        Indonesia Tbk, which included the merger of
          Syariah Mandiri (BSM), PT Bank BRISyariah Tbk                    PT Bank Syariah Mandiri (BSM), PT Bank
          (BRIS), dan PT Bank BNI Syariah (BNIS)                           BRISyariah Tbk (BRIS), and PT Bank BNI Syariah
          merupakan kombinasi bisnis entitas pengendali.                   (BNIS). This transaction constituted a business
          Perbedaan antara jumlah imbalan yang                             combination of controlling entities. The difference
          dialihkan dan jumlah tercatat investasi yang                     between the consideration transferred and the fair
          diperoleh dari transaksi ini diakui sebagai “Selisih             value of the acquired investments from this
          Nilai Transaksi Kombinasi Bisnis Entitas                         transaction is recognised as "Business Combination
          Sepengendali” dan disajikan sebagai bagian                       Transaction Value Difference" and presented as
          “Tambahan Modal disetor” sebesar Rp327.072                       part of "Additional Paid-in Capital" amounting to
          (Catatan 1g).                                                    Rp327,072 (Note 1g).

          Pada tanggal 26 Juni 2024 Bank Mandiri telah                     On 26 June 2024, Bank Mandiri lost control over
          kehilangan pengendalian atas Mandiri Inhealth                    Mandiri Inhealth, resulting in Bank Mandiri ceasing
          yang mengakibatkan Bank Mandiri menghentikan                     recognition of Mandiri Inhealth's net assets at their
          pengakuan terhadap aset bersih Mandiri Inhealth                  carrying amount. The difference between the
          pada nilai tercatatnya. Perbedaan antara jumlah                  consideration received and the carrying amount of
          imbalan yang diterima dan jumlah tercatat                        the investments acquired from this transaction is
          investasi yang diperoleh dari transaksi ini diakui               recognised as "Business Combination Transaction
          sebagai “Selisih Nilai Transaksi Kombinasi Bisnis                Value Difference" and presented as part of
          Entitas Sepengendali” dan disajikan sebagai                      "Additional Paid-in Capital" amounting to
          bagian “Tambahan Modal disetor” sebesar                          Rp452,010 (Note 1g).
          Rp452.010 (Catatan 1g).



                                                             360
Page 1375
                                                                                          The original consolidated financial statements
                                                                                        included herein are in the Indonesian language.

           PT BANK MANDIRI (PERSERO) Tbk                                        PT BANK MANDIRI (PERSERO) Tbk
               DAN ENTITAS ANAKNYA                                                    AND ITS SUBSIDIARIES
         CATATAN ATAS LAPORAN KEUANGAN                                           NOTES TO THE CONSOLIDATED
                    KONSOLIDASIAN                                                    FINANCIAL STATEMENTS
          Tanggal 31 Desember 2025 dan untuk                                      As of 31 December 2025 and for
         Tahun Berakhir pada Tanggal Tersebut                                        for the Year Then Ended
            (Disajikan dalam jutaan Rupiah,                                      (Expressed in millions of Rupiah,
                kecuali dinyatakan lain)                                             unless otherwise stated)

40. EKUITAS (lanjutan)                                               40. EQUITY (continued)

    c.    Distribusi laba bersih                                        c.   Distribution of net income

          Dalam Rapat Umum Pemegang Saham Tahunan                            Based on the Annual General Meeting of
          (“RUPST”) yang diadakan tanggal 25 Maret 2025                      Shareholders (“RUPST”) held on 25 March 2025
          dan 7 Maret 2024, para pemegang saham                              and 7 March 2024, the shareholders approved the
          menyetujui distribusi laba bersih tahun 2024 dan                   distribution of the 2024 and 2023 net income as
          2023 sebagai berikut:                                              follows:

                                                       2024                   2023

         Dividen                                         43.510.539            33.036.034                                   Dividends
         Laba ditahan                                                                                               Retained earnings
           Belum ditentukan penggunaannya                12.272.203            22.024.023                           Unappropriated
                                                         55.782.742            55.060.057
         Dividen per lembar saham                                                                                  Dividend per share
          (nilai penuh)                                       466,18                 353,96                           (full amount)


          Dividen atas laba bersih tahun 2024 sebesar                        Dividends from 2024 net income amounted to
          Rp43.510.539 dibayarkan pada tanggal 23 April                      Rp43,510,539 were paid on 23 April 2025 and
          2025 dan dividen atas laba bersih tahun 2023                       dividends from 2023 net income amounted to
          sebesar Rp33.036.034 dibayarkan pada tanggal                       Rp33,036,034 were paid on 28 March 2024.
          28 Maret 2024. Pembagian dividen tersebut                          Distribution of dividends were recorded in the
          dibukukan sebagai pengurang saldo laba dalam                       Consolidated Statements of Changes in Equity with
          Laporan Perubahan Ekuitas Konsolidasian sesuai                     approval from RUPST.
          dengan persetujuan RUPST.

          Dividen interim tahun 2025 sebesar Rp9.324.158                     The 2025 interim dividend of Rp9,324,158 was paid
          dibayarkan pada tanggal 14 Januari 2026.                           on 14 January 2026. The interim dividend payment
          Pembayaran        dividen   interim  dilakukan                     was made based on the approval of the Board of
          berdasarkan persetujuan Dewan Komisaris atas                       Commissioners of Bank Mandiri’s Board of
          keputusan Direksi Bank Mandiri pada tanggal                        Directors on 18 December 2025.
          18 Desember 2025.

    d.    Saham treasuri                                                d.   Treasury shares

          Pada posisi per tanggal 31 Desember 2025, Bank                     As of 31 December 2025, Bank Mandiri had
          Mandiri telah melakukan pembelian kembali                          repurchased a total of 84,250,000 (eighty-four
          saham yang disimpan sebagai saham treasuri dan                     million two hundred fifty thousand) shares, which
          tercatat di Bursa Efek Indonesia sejumlah                          are held as treasury shares and recorded on the
          84.250.000 (delapan puluh empat dua ratus lima                     Indonesia Stock Exchange, based on the monthly
          puluh ribu) lembar saham berdasarkan data                          report data from PT Datindo Entrycom as the
          laporan bulanan dari PT Datindo Entrycom selaku                    Company’s Share Registrar (see Note 1f).
          Biro Administrasi Efek Perseroan (lihat catatan 1f).

    e.    Pengalihan sebagian saham Seri B milik                        e.   Transfer of part of the Series B shares owned by
          Negara Republik Indonesia kepada Indonesia                         the Republic of Indonesia to the Indonesia
          Investment Authority                                               Investment Authority

          Berdasarkan Peraturan Pemerintah RI No. 111                        Based on Government Regulation of the Republic
          Tahun 2021 tentang Penambahan Penyertaan                           of Indonesia No. 111 of 2021 regarding the Addition
          Modal Negara Republik Indonesia ke dalam Modal                     of the State Equity Participation of the Republic of
          Lembaga Pengelola Investasi telah ditetapkan                       Indonesia into the Capital of the Investment
          penambahan penyertaan modal negara kepada                          Management Institution, it has been stipulated that
          Lembaga Pengelola Investasi (dalam hal ini                         the addition of the state's equity participation to the
          Indonesia Investment Authority). Penambahan                        Investment Management Institution (in this case the
          penyertaan modal tersebut berasal dari                             Indonesia Investment Authority). The additional
          pengalihan sebagian saham seri B milik Negara                      shares participation comes from the transfer of part
          Republik Indonesia pada Bank.                                      of the Series B shares owned by the Republic of
                                                                             Indonesia to the Bank.

                                                               361
Page 1376
                                                                                    The original consolidated financial statements
                                                                                  included herein are in the Indonesian language.

           PT BANK MANDIRI (PERSERO) Tbk                                   PT BANK MANDIRI (PERSERO) Tbk
               DAN ENTITAS ANAKNYA                                               AND ITS SUBSIDIARIES
         CATATAN ATAS LAPORAN KEUANGAN                                      NOTES TO THE CONSOLIDATED
                    KONSOLIDASIAN                                               FINANCIAL STATEMENTS
          Tanggal 31 Desember 2025 dan untuk                                 As of 31 December 2025 and for
         Tahun Berakhir pada Tanggal Tersebut                                   for the Year Then Ended
            (Disajikan dalam jutaan Rupiah,                                 (Expressed in millions of Rupiah,
                kecuali dinyatakan lain)                                        unless otherwise stated)

40. EKUITAS (lanjutan)                                         40. EQUITY (continued)

    e.    Pengalihan sebagian saham Seri B milik                  e.    Transfer of part of the Series B shares owned by
          Negara Republik Indonesia kepada Indonesia                    the Republic of Indonesia to the Indonesia
          Investment Authority (lanjutan)                               Investment Authority (continued)

          Selanjutnya sesuai dengan Akta Notaris                        Furthermore, according to the Notary Deed
          No. 32 tanggal 23 Desember 2021 tentang                       No. 32 dated 23 December 2021 regarding the
          Perjanjian Pengalihan Hak atas Saham Negara                   Agreement on the Transfer of Rights to the Shares
          Republik Indonesia pada Perusahaan Perseroan                  of the Republic of Indonesia in PT Bank Mandiri
          (Persero) PT Bank Mandiri (Persero) Tbk kepada                (Persero) Tbk to and with the purpose of addition of
          dan Dalam Rangka Penambahan Penyertaan                        the State Equity Participation of the Republic of
          Modal Negara Republik Indonesia ke dalam Modal                Indonesia into the Capital of the Investment
          Lembaga Pengelola Investasi, yang dibuat oleh                 Management Institution, made by Fathiah Helmi
          Fathiah Helmi S.H., pengalihan sebagian saham                 S.H., the transfer of part of the Series B shares
          seri B milik Negara Republik Indonesia pada Bank              belonging to the Republic of Indonesia in the Bank
          kepada Indonesia Investment Authority telah                   to the Indonesia Investment Authority has been
          efektif setelah ditandantanganinya Akta tersebut              effective after the signing of the Deed on
          pada tanggal 23 Desember 2021.                                23 December 2021.

          Pengalihan sebagian saham seri B milik Negara                 The transfer of part of the Series B shares owned
          Republik Indonesia pada Bank kepada Indonesia                 by the Republic of Indonesia in the Bank to the
          Investment Authority sejumlah 3.733.333.333                   Indonesia Investment Authority in the amount of
          lembar saham atau sebesar 8%, sehingga saham                  3,733,333,333 shares or 8%, so that the Series B
          seri B milik Negara Republik Indonesia pada Bank              shares owned by the Republic of Indonesia in the
          menjadi sejumlah 24.266.666.666 lembar saham                  Bank became 24,266,666,666 shares or 52%.
          atau sebesar 52%.

   f.     Pengalihan seluruh saham Seri B milik Negara             f.   Transfer of all of the Series B shares owned by
          Republik Indonesia kepada PT Biro Klasifikasi                 the Republic of Indonesia to PT Biro Klasifikasi
          Indonesia (Persero)                                           Indonesia (Persero)

          Berdasarkan         Peraturan      Pemerintah                 Based on Government Regulation No. 15 Year
          No. 15 Tahun 2025 tentang Penambahan                          2025 concerning the Additional State Equity
          Penyertaan Modal Negara Republik Indonesia ke                 Participation of the Republic of Indonesia into the
          dalam Modal Saham Perusahaan Perseroan                        Share Capital of Perusahaan Perseroan (Persero)
          (Persero) PT Biro Klasifikasi Indonesia (BKI)                 PT Biro Klasifikasi Indonesia (BKI) (which, as of 5
          (yang per tanggal 5 Juni 2025 berganti nama                   June 2025, has changed its name to PT Danantara
          menjadi PT Danantara Asset Management                         Asset Management (DAM)) for the Establishment of
          (DAM)) untuk Pendirian Holding Operasional                    an Operational Holding (Government Regulation
          (PP No. 15 tahun 2025) tanggal 21 Maret 2025                  No. 15 Year 2025 dated 21 March 2025), and Deed
          dan Akta No. 121 tanggal 22 Maret 2025 tentang                No. 121 dated 22 March 2025 concerning the
          Penyertaan Saham dengan Pemasukan dalam                       Capital Participation through In-Kind Contribution in
          Perseroan Terbatas yang dibuat oleh Jose Dima                 a Limited Liability Company made before Jose Dima
          Satria, S.H., M.Kn., Negara Republik Indonesia                Satria, S.H., M.Kn., the Republic of Indonesia made
          melakukan penambahan penyertaan modal                         an additional state equity participation in DAM
          negara ke dalam DAM yang berasal dari                         derived from the transfer of all Series B shares
          pengalihan seluruh saham Seri B milik Negara                  owned by the Republic of Indonesia in the Bank to
          Republik Indonesia pada Bank kepada DAM                       DAM, totaling 48,533,333,333 Series B shares.
          sebanyak 48.533.333.333 lembar saham Seri B.




                                                         362
Page 1377
                                                                                       The original consolidated financial statements
                                                                                     included herein are in the Indonesian language.

          PT BANK MANDIRI (PERSERO) Tbk                                      PT BANK MANDIRI (PERSERO) Tbk
              DAN ENTITAS ANAKNYA                                                  AND ITS SUBSIDIARIES
        CATATAN ATAS LAPORAN KEUANGAN                                         NOTES TO THE CONSOLIDATED
                   KONSOLIDASIAN                                                  FINANCIAL STATEMENTS
         Tanggal 31 Desember 2025 dan untuk                                    As of 31 December 2025 and for
        Tahun Berakhir pada Tanggal Tersebut                                      for the Year Then Ended
           (Disajikan dalam jutaan Rupiah,                                    (Expressed in millions of Rupiah,
               kecuali dinyatakan lain)                                           unless otherwise stated)

40. EKUITAS (lanjutan)                                           40. EQUITY (continued)

   f.    Pengalihan seluruh saham Seri B milik Negara                f.   Transfer of all of the Series B shares owned by
         Republik Indonesia kepada PT Biro Klasifikasi                    the Republic of Indonesia to PT Biro Klasifikasi
         Indonesia (Persero) (lanjutan)                                   Indonesia (Persero) (continued)

         Setelah pengalihan seluruh saham Seri B milik                    Based on Government Regulation No. 15 Year
         Negara Republik Indonesia tersebut, Negara                       Following the transfer of all Series B shares owned
         Republik Indonesia tetap memiliki 1 lembar saham                 by the Republic of Indonesia, the Republic of
         Seri A Dwiwarna serta pengendalian terhadap                      Indonesia retains one Dwiwarna Series A share and
         Bank. Pencatatan perubahan kepemilikan saham                     maintains control over the Bank. The recording of
         tersebut efektif pada tanggal 24 Maret 2025.                     the change in share ownership became effective on
                                                                          24 March 2025.

   g.    Laba per saham                                              g.   Earning per share

         Berikut ini adalah jumlah lembar saham yang                      The computation of basic earning per share
         digunakan untuk perhitungan laba per saham                       attributable to the owners of the Bank is based on
         dasar yang diatribusikan kepada pemilik entitas                  the following number of shares data:
         induk:
                                                      Tahun yang berakhir
                                                   pada tanggal 31 Desember/
                                                    Year ended 31 December

                                                    2025                   2024
         Laba tahun berjalan                                                                              Net income for the year
         Laba tahun berjalan                                                                           Net income for the year for
           untuk perhitungan saham                 56.293.950              55.782.742           earning per share computation

         Jumlah saham                                                                                                  Total shares
         Jumlah rata-rata tertimbang saham                                                            Weighted average number of
           biasa untuk perhitungan                                                               ordinary shares for computation
           laba per saham                              93.320                     93.333                    of earning per share

         Laba per saham dasar dan                                                                     Basic and diluted earnings
           dilusian (nilai penuh)                      603,23                     597,67              per share (full amount)


41. PENDAPATAN          BUNGA        DAN     PENDAPATAN          41. INTEREST INCOME AND SHARIA INCOME
    SYARIAH

    Pendapatan bunga dan pendapatan syariah adalah                  Interest income and sharia income are as follow:
    sebagai berikut:
                                                      Tahun yang berakhir
                                                   pada tanggal 31 Desember/
                                                    Year ended 31 December

                                                    2025                   2024

   Pendapatan bunga                                                                                                Interest income
   Kredit yang diberikan                           109.869.267             100.107.075                                       Loans
   Obligasi pemerintah                              14.146.067              15.186.343                          Government bonds
   Pendapatan pembiayaan konsumen                    6.624.748               7.092.516                Consumer financing income
   Penempatan pada Bank Indonesia                                                                 Placements with Bank Indonesia
     dan bank lain                                   3.915.675               3.507.428                          and other banks
   Efek-efek                                         3.501.440               2.419.111                      Marketable securities
   Tagihan lainnya - transaksi                                                                          Others receivables - trade
     perdagangan                                     1.015.084                 844.744                              transactions
   Efek-efek yang dibeli dengan janji                                                                  Securities purchased under
     dijual kembali                                    469.893                 416.157                    agreements to resell
   Marjin                                               99.530                  59.976                                       Margin
   Lain-lain                                             7.733                   5.291                                       Others
                                                   139.649.437             129.638.641


                                                           363
Page 1378
                                                                                     The original consolidated financial statements
                                                                                   included herein are in the Indonesian language.

        PT BANK MANDIRI (PERSERO) Tbk                                        PT BANK MANDIRI (PERSERO) Tbk
            DAN ENTITAS ANAKNYA                                                    AND ITS SUBSIDIARIES
      CATATAN ATAS LAPORAN KEUANGAN                                           NOTES TO THE CONSOLIDATED
                 KONSOLIDASIAN                                                    FINANCIAL STATEMENTS
       Tanggal 31 Desember 2025 dan untuk                                      As of 31 December 2025 and for
      Tahun Berakhir pada Tanggal Tersebut                                        for the Year Then Ended
         (Disajikan dalam jutaan Rupiah,                                      (Expressed in millions of Rupiah,
             kecuali dinyatakan lain)                                             unless otherwise stated)


41. PENDAPATAN          BUNGA           DAN   PENDAPATAN          41. INTEREST INCOME AND SHARIA INCOME
    SYARIAH

   Pendapatan bunga dan pendapatan syariah adalah                    Interest income and sharia income are as follow:
   sebagai berikut: (lanjutan)                                       (continued)
                                                       Tahun yang berakhir
                                                    pada tanggal 31 Desember/
                                                     Year ended 31 December
                                                     2025                 2024

   Pendapatan syariah                                                                                             Sharia income
   Keuntungan murabahah dan
      istishna bersih                                14.510.697             13.404.056               Net murabahah and istishna
   Bagi hasil musyarakah                              9.978.945              7.841.528                Musyarakah profit sharing
   Bagi hasil Mudharabah                                147.268                159.678                Mudharabah profit sharing
   Ijarah bersih                                        126.119                192.124                               Net ijarah
                                                     24.763.029             21.597.386
                                                    164.412.466           151.236.027


   Termasuk dalam pendapatan bunga dari kredit yang                  Included in interest income from loans is interest income
   diberikan adalah pendapatan bunga atas bagian yang                recognised on the non-impaired portion of the impaired
   tidak mengalami penurunan nilai dari kredit yang                  loans for the year ended 31 December 2025 and 2024
   mengalami penurunan nilai untuk tahun yang berakhir               amounted to Rp677,573 and Rp717,754 and fees and
   pada tanggal 31 Desember 2025 dan 2024 masing-                    commissions income directly attributable to lending
   masing sebesar Rp677.573 dan Rp717.754 dan                        activities amortised using effective interest rate method
   pendapatan bunga dari provisi dan komisi yang                     for the year ended ended 31 December 2025 and 2024
   berkaitan langsung dengan kegiatan pemberian kredit               amounted to Rp2,165,758 and Rp1,793,560,
   yang diamortisasi berdasarkan metode suku bunga                   respectively.
   efektif untuk tahun yang berakhir pada tanggal
   31 Desember 2025 dan 2024 masing-masing sebesar
   Rp2.165.758 dan Rp1.793.560.

   Pada tanggal 31 Desember 2025 dan 2024, termasuk                  As of 31 December 2025 and 2024 included in interest
   dalam pendapatan bunga dan pendapatan syariah di                  income and sharia income was income from transaction
   atas adalah pendapatan dari pihak berelasi terkait                with related parties on government bonds and treasury
   transaksi obligasi pemerintah dan SPN masing-masing               bills amounted to Rp14,146,067 and Rp15,186,343,
   sebesar Rp14.146.067 dan Rp15.186.343.                            respectively.

42. BEBAN BUNGA DAN BEBAN SYARIAH                                 42. INTEREST EXPENSE AND SHARIA EXPENSE

   Rincian beban bunga dan beban syariah terdiri atas:               Interest expense and sharia expense are incurred on the
                                                                     following:

                                                       Tahun yang berakhir
                                                    pada tanggal 31 Desember/
                                                     Year ended 31 December

                                                     2025                 2024
   Beban bunga                                                                                                   Interest expense
   Deposito berjangka                                17.228.576             12.434.702                              Time deposits
   Giro                                              15.933.820             14.779.962                          Demand deposits
   Pinjaman yang diterima                             8.099.951              6.438.445                           Fund borrowings
   Efek-efek yang dijual dengan janji                                                          Securities sold under agreements
      dibeli kembali (repo)                           3.103.782              3.215.029                    to repurchase (repo)
   Efek-efek yang diterbitkan                         2.225.080              1.925.021                     Debt securities issued
   Tabungan                                           2.192.927              2.309.256                            Saving deposits
   Interbank call money                                 272.866                486.251                       Interbank call money
   Pinjaman dan efek - efek                                                                              Subordinated loans and
      subordinasi                                           9.024                1.413                   marketable securities
                                                     49.066.026             41.590.079



                                                            364
Page 1379
                                                                                   The original consolidated financial statements
                                                                                 included herein are in the Indonesian language.

        PT BANK MANDIRI (PERSERO) Tbk                                      PT BANK MANDIRI (PERSERO) Tbk
            DAN ENTITAS ANAKNYA                                                  AND ITS SUBSIDIARIES
      CATATAN ATAS LAPORAN KEUANGAN                                         NOTES TO THE CONSOLIDATED
                 KONSOLIDASIAN                                                  FINANCIAL STATEMENTS
       Tanggal 31 Desember 2025 dan untuk                                    As of 31 December 2025 and for
      Tahun Berakhir pada Tanggal Tersebut                                      for the Year Then Ended
         (Disajikan dalam jutaan Rupiah,                                    (Expressed in millions of Rupiah,
             kecuali dinyatakan lain)                                           unless otherwise stated)

42. BEBAN BUNGA DAN BEBAN SYARIAH                               42. INTEREST EXPENSE AND SHARIA EXPENSE

   Rincian beban bunga dan beban syariah terdiri atas:             Interest expense and sharia expense are incurred on the
                                                                   following:

                                                     Tahun yang berakhir
                                                  pada tanggal 31 Desember/
                                                   Year ended 31 December
                                                   2025                 2024

   Beban syariah                                                                                               Sharia expense
   Deposito Mudharabah                              6.589.557              5.539.667                Mudharabah time deposits
   Musytarakah - Mudharabah                                                                        Musytarakah - Mudharabah
      musytarakah                                   1.318.108              1.120.870                           musytarakah
   Tabungan Mudharabah                                438.716                432.774              Mudharabah saving deposits
   Efek-efek syariah yang diterbitkan                 362.424                209.236              Sharia debt securities issued
   Pembiayaan yang diterima                           213.822                405.816                          Fund borrowings
   Investasi terikat                                  213.778                180.665                    Restricted investments
                                                    9.136.405              7.889.028
                                                   58.202.431             49.479.107


   Termasuk dalam beban bunga dan beban syariah di                 Included in interest expense and sharia expense are
   atas adalah beban bunga dari transaksi dengan pihak-            interest expense from related parties transactions related
   pihak berelasi terkait beban bunga atas pinjaman yang           to interest expense of fund borrowing for the year ended
   diterima untuk tahun yang berakhir pada tanggal                 31 December 2025 and 2024 amounted to Rp216,163
   31 Desember 2025 dan 2024 masing-masing sebesar                 and Rp251,816, respectively.
   Rp216.163 dan Rp251.816.

43. PENDAPATAN PROVISI DAN KOMISI                               43. FEES AND COMMISIONS
                                                     Tahun yang berakhir
                                                  pada tanggal 31 Desember/
                                                   Year ended 31 December

                                                   2025                 2024

   Kredit yang diberikan dan                                                                                              Loans
       piutang/pembiayan syariah                    7.024.918              5.975.365        and sharia receivables/financing
   Transaksi e-channel                              5.275.236              4.426.297                    E-channel transactions
   Kartu kredit                                     4.119.616              3.180.165                               Credit cards
   Transaksi simpanan                               3.301.091              3.148.013                      Deposit transactions
   Pengiriman uang, kliring dan                                                                    Remittances, clearings and
       inkaso                                       2.779.749              2.228.007                              collections
   Transaksi perdagangan                            1.709.977              1.692.064                        Trade transactions
   Efek-efek                                        1.502.153              1.100.888                     Marketable securities
   Bancassurance dan reksadana                        620.273                634.330         Bancassurance and mutual funds
   Penasihat Keuangan                                 311.495                499.656                          Financial advisor
   Kustodian dan wali amanat                          235.154                254.452                     Custodian and trustee
   Pendapatan ganti rugi                                                                          Restructuring compensation
       restrukturisasi (ta'wid)                           23.145              27.467                         income (ta'wid)
   Lain-lain                                             650.607             280.816                                     Others

                                                   27.553.414             23.447.520




                                                          365
Page 1380
                                                                                                                     The original consolidated financial statements
                                                                                                                   included herein are in the Indonesian language.

          PT BANK MANDIRI (PERSERO) Tbk                                                                  PT BANK MANDIRI (PERSERO) Tbk
              DAN ENTITAS ANAKNYA                                                                              AND ITS SUBSIDIARIES
        CATATAN ATAS LAPORAN KEUANGAN                                                                     NOTES TO THE CONSOLIDATED
                   KONSOLIDASIAN                                                                              FINANCIAL STATEMENTS
         Tanggal 31 Desember 2025 dan untuk                                                                As of 31 December 2025 and for
        Tahun Berakhir pada Tanggal Tersebut                                                                  for the Year Then Ended
           (Disajikan dalam jutaan Rupiah,                                                                (Expressed in millions of Rupiah,
               kecuali dinyatakan lain)                                                                       unless otherwise stated)

43. PENDAPATAN PROVISI DAN KOMISI (lanjutan)                                              43. FEES AND COMMISIONS (continued)

   Lain-lain terutama terdiri dari pendapatan provisi dan                                     Others mainly consist of fees and commissions from cash
   komisi dari fee cash management, fee notifikasi melalui                                    management fees, Short Message Service (SMS)
   Short Message Service (SMS) kepada nasabah, fee                                            notification fees to customers, Livin’ point and tax
   redemption Livin’ point dan fee jasa pelayanan                                             payment distribution service fees.
   penyaluran pembayaran pajak.

44. PENDAPATAN DARI KELOMPOK NILAI WAJAR                                                  44. INCOME FROM FAIR VALUE THROUGH PROFIT OR
    MELALUI LABA RUGI - NETO                                                                  LOSS CLASSIFICATION - NET

                                                                               Tahun yang berakhir
                                                                            pada tanggal 31 Desember/
                                                                             Year ended 31 December
                                                                             2025                    2024

   Keuntungan dari
      penjualan - neto                                                          2.835.118                1.741.833                                Gain from sales - net
   Keuntungan atas transaksi                                                                                                                     Gain from derivatives
      derivatif - neto                                                          2.326.908                2.121.648                                 transactions - net
   Pendapatan bunga                                                             1.131.813                  996.131                                      Interest income
   Keuntungan/(kerugian) yang belum                                                                                                              Unrealised gain/(loss)
      direalisasi dari kenaikan nilai                                                                                                                   from increase
      wajar - neto                                                                  49.643                 (376.314)                               in fair value – net
   Perubahan nilai wajar investasi dari                                                                                                        Changes in fair value of
      investasi pemegang polis*)                                                          -                 619.141                       policyholders’ investment*)
   Penurunan liabiilitas                                                                                                                          Decrease in unit-link
      kontrak unit link*)                                                                 -               (619.141)                               contracts liability*)
   Total                                                                        6.343.482                4.483.298                                                       Total


   *) Dicatat sebagai bagian dari liabilitas kontrak asuransi mulai tanggal 1 Januari         *) Recorded as part of insurance contract liabilities starting 1 January 2025 due to
      2025 dikarenakan penerapan PSAK 117 “Kontrak Asuransi” (Catatan 2z)                        implementation of SFAS 117 “Insurance Contract” (Note 2z).


45. PENDAPATAN OPERASIONAL LAINNYA - LAIN-                                                45. OTHER OPERATING INCOME - OTHERS
    LAIN

                                                                                 Tahun yang berakhir

                                                                             Year ended 31 December

                                                                             2025                    2024

   Penerimaan kembali atas pokok kredit                                                                                                   Recoveries from written-off
     dan piutang/pembiayaan syariah                                                                                                  loans and sharia receivables/
     yang telah dihapusbukukan                                                  9.563.710                9.009.381                               financing principal
   Pendapatan administrasi dan                                                                                                              Other administration and
     komisi lainnya                                                             1.231.125                1.804.571                             commission income
   Pendapatan sewa mesin                                                                                                             Electronic Data Capture (“EDC”)
     Electronic Data Capture (“EDC”)                                              937.285                   597.086                                     rent income
   Pendapatan dividen reksa dana dan                                                                                               Dividend income from mutual fund
     investasi saham                                                              833.784                   888.649                         and shares investment
   Pendapatan denda                                                               639.121                   861.918                                    Penalty income
   Penerimaan kembali atas bunga                                                                                                                        Recovery from
     kredit yang telah                                                                                                                                    written-off
     dihapusbukukan                                                               280.670                   301.175                             interest from loans
   Pendapatan bea materai                                                          51.333                    54.730                                Stamp duty income
   Safety deposit box                                                              39.259                    38.403                                 Safety deposit box
   Lain-lain                                                                      529.252                   684.284                                             Others

   Total                                                                      14.105.539               14.240.197                                                         Total




                                                                                    366
Page 1381
                                                                               The original consolidated financial statements
                                                                             included herein are in the Indonesian language.

        PT BANK MANDIRI (PERSERO) Tbk                               PT BANK MANDIRI (PERSERO) Tbk
            DAN ENTITAS ANAKNYA                                           AND ITS SUBSIDIARIES
      CATATAN ATAS LAPORAN KEUANGAN                                  NOTES TO THE CONSOLIDATED
                 KONSOLIDASIAN                                           FINANCIAL STATEMENTS
       Tanggal 31 Desember 2025 dan untuk                             As of 31 December 2025 and for
      Tahun Berakhir pada Tanggal Tersebut                               for the Year Then Ended
         (Disajikan dalam jutaan Rupiah,                             (Expressed in millions of Rupiah,
             kecuali dinyatakan lain)                                    unless otherwise stated)

46. PEMBENTUKAN              CADANGAN   KERUGIAN           46. ALLOWANCE FOR IMPAIRMENT LOSSES
    PENURUNAN NILAI

                                                Tahun yang berakhir
                                             pada tanggal 31 Desember/
                                              Year ended 31 December

                                              2025                2024

   (Pembentukan)/pembalikan cadangan                                                   (Allowance)/reversal for provision of
       kerugian penurunan nilai atas:                                                             impairment losses on:
   Giro pada bank lain                                                                   Current accounts with other banks
       (Catatan 5d)                                  5.159                2.674                                (Note 5d)
   Penempatan pada bank lain                                                                  Placements with other banks
       (Catatan 6e)                                  400                 (760)                                 (Note 6e)
   Efek-efek (Catatan 7g)                        (25.046 )            112.741               Marketable securities (Note 7g)
   Tagihan lainnya - transaksi                                                                     Other receivables - trade
       perdagangan (Catatan 9c)                   32.691              125.378                    transactions (Note 9c)
   Kredit yang diberikan dan piutang/                                                        Loans and sharia receivables/
       pembiayaan syariah                                                                                      financing
       (Catatan 12A.c, 12B.g)                 (8.271.814 )         (10.341.244)                     (Note 12A.c, 12B.g)
   Piutang pembiayaan konsumen                                                             Consumer financing receivables
       (Catatan 13c)                          (1.819.658 )          (1.717.469)                              (Note 13c)
   Investasi bersih dalam sewa                                                               Net investment finance leases
       pembiayaan (Catatan 14c)                 (288.953 )               (85.319)                            (Note 14c)
   Tagihan akseptasi (Catatan 15c)                 6.321                 91.509         Acceptance receivables (Note 15c)
   Penyertaan saham (Catatan 16b)                  1.408                    704           Investments in shares (Note 16b)

   Total                                     (10.359.492 )        (11.811.786)                                        Total


47. PEMBENTUKAN PENYISIHAN LAINNYA             DAN         47. ALLOWANCE FOR OTHER IMPARMENT LOSSES
    KERUGIAN RISIKO OPERASIONAL - NETO                         AND OPERATIONAL RISK LOSSES - NET

                                                Tahun yang berakhir
                                             pada tanggal 31 Desember/
                                              Year ended 31 December

                                              2025                2024

   (Pembentukan)/pembalikan                                                                  (Allowance)/reversal provision
       penyisihan atau beban atas:                                                                           or expenses of:
   Estimasi kerugian yang timbul                                                                   Estimated losses arising
       dari kasus hukum                               (269)              21.828                          from legal cases
   Kerugian risiko                                                                                          Operational risk
       operasional - klien,                                                                  losses - clients, products &
       produk & praktek bisnis                         (16)                (204)                      business practices
   Kerugian risiko operasional -                                                                   Operational risk losses -
       kerusakan aset fisik                            (59)                 (511)                physical asset damage
   Denda/sanksi                                       (401)               (8.041)                              Fines/penalty
   Kerugian risiko operasional -                                                                     Operational risk losses
       manajemen eksekusi,                                                                       management execution,
       pengiriman & pemrosesan                    (4.427)                 (7.961)              delivering and processing
   Kerugian risiko operasional -                                                                   Operational risk losses -
       gangguan aktivitas bisnis                                                                    business disruption
       dan kegagalan sistem                       (1.945)             (15.282)                       and system failure
   Kerugian risiko operasional -                                                                     Operational risk losses
       kecurangan internal                       (32.076)                (31.923)                           internal fraud
   Kerugian risiko operasional -                                                                     Operational risk losses
       kecurangan eksternal                      (49.082)            (106.047)                              external fraud
   Penyisihan kerugian risiko                                                                          Provision operational
       operasional                                  (414)                       -                               risk losses
   Aset lain-lain (Catatan 20)                (1.142.381)                 (2.906)                    Other assets (Note 20)
   Total                                      (1.231.070)           (151.047)                                         Total




                                                     367
Page 1382
                                                                                  The original consolidated financial statements
                                                                                included herein are in the Indonesian language.

        PT BANK MANDIRI (PERSERO) Tbk                                     PT BANK MANDIRI (PERSERO) Tbk
            DAN ENTITAS ANAKNYA                                                 AND ITS SUBSIDIARIES
      CATATAN ATAS LAPORAN KEUANGAN                                        NOTES TO THE CONSOLIDATED
                 KONSOLIDASIAN                                                 FINANCIAL STATEMENTS
       Tanggal 31 Desember 2025 dan untuk                                   As of 31 December 2025 and for
      Tahun Berakhir pada Tanggal Tersebut                                     for the Year Then Ended
         (Disajikan dalam jutaan Rupiah,                                   (Expressed in millions of Rupiah,
             kecuali dinyatakan lain)                                          unless otherwise stated)

48. KEUNTUNGAN DARI PENJUALAN EFEK-EFEK DAN                    48. GAIN ON SALE OF MARKETABLE SECURITIES AND
    OBLIGASI PEMERINTAH - NETO                                     GOVERNMENT BONDS - NET

   Berikut adalah keuntungan dari penjualan efek-efek dan         Gain on sale of marketable securities and government
   obligasi pemerintah yang diukur pada biaya perolehan           bonds - net at amortised cost and fair value through other
   diamortisasi dan nilai wajar melalui penghasilan               comprehensive income is as follows:
   komprehensif lain:

                                                    Tahun yang berakhir
                                                 pada tanggal 31 Desember/
                                                  Year ended 31 December

                                                  2025                 2024

   Efek-efek                                          445.490                42.094                      Marketable securities
   Obligasi pemerintah                                 17.656               108.203                       Government bonds

   Total                                              463.146               150.297                                      Total


49. BEBAN GAJI DAN TUNJANGAN                                   49. SALARIES AND EMPLOYEE BENEFITS EXPENSES

                                                    Tahun yang berakhir
                                                 pada tanggal 31 Desember/
                                                  Year ended 31 December
                                                  2025                 2024

   Gaji, upah, pensiun dan                                                                      Salaries, wages, pension and
     tunjangan pajak                              14.556.553             13.622.133                          tax allowances
   Bonus dan lainnya                               3.895.277              2.361.930                       Bonuses and others
   Tunjangan Hari Raya (THR),                                                                   Religious holidays allowance,
     cuti dan beban terkait lainnya                3.012.814              2.955.473       leave and other related expenses
   Kesejahteraan pegawai                           2.806.679              2.594.602                 Employee benefits in kind
   Penyisihan cadangan tantiem                       955.842                848.340                      Provision for tantiem
   Pembentukan penyisihan cadangan                                                                  Allowance of provision for
     uang penghargaan pegawai                        929.096              1.006.833              post-employment benefits
   Pendidikan dan pelatihan                          479.193                601.452                    Training and education

   Total                                          26.635.454             23.990.763                                      Total


50. BEBAN UMUM DAN ADMINISTRASI                                50. GENERAL AND ADMINISTRATIVE EXPENSES

                                                    Tahun yang berakhir
                                                 pada tanggal 31 Desember/
                                                  Year ended 31 December
                                                  2025                 2024

  Jasa profesional                                 4.896.637              5.836.961                          Professional fees
  Promosi                                          4.598.568              2.701.820                                  Promotion
  Barang/jasa pihak ketiga                                                                       Goods/services provided by
     lainnya                                       4.128.880              3.742.691                            third parties
  Perbaikan dan pemeliharaan                       2.527.310              2.664.658                Repairs and maintenance
  Penyusutan aset tetap yang dimiliki                                                            Depreciation of fixed assets
     (Catatan 18a)                                 2.494.163              1.752.856                              (Note 18a)
  Penyusutan aset hak guna                                                                  Depreciation of right of use assets
     (Catatan 18a)                                 2.055.860              1.969.965                              (Note 18a)
  Komunikasi                                       1.735.433              1.274.074                            Communication
  Amortisasi aset takberwujud                                                                Amortisation of intangible assets
     (Catatan 19)                                  1.556.721                945.641                                (Note 19)
  Sewa                                             1.531.224              1.083.568                                        Rent
  Keperluan kantor                                 1.242.044              1.276.018                             Office supplies
  Transportasi                                       691.823                738.544                            Transportations
  Listrik, air dan gas                               580.601                485.417                 Electricity, water and gas
  Perjalanan dinas                                   260.765                264.323                                   Traveling
  Pajak selain pajak penghasilan                     318.281                249.635                Tax other than income tax




                                                         368
Page 1383
                                                                                     The original consolidated financial statements
                                                                                   included herein are in the Indonesian language.

        PT BANK MANDIRI (PERSERO) Tbk                                        PT BANK MANDIRI (PERSERO) Tbk
            DAN ENTITAS ANAKNYA                                                    AND ITS SUBSIDIARIES
      CATATAN ATAS LAPORAN KEUANGAN                                           NOTES TO THE CONSOLIDATED
                 KONSOLIDASIAN                                                    FINANCIAL STATEMENTS
       Tanggal 31 Desember 2025 dan untuk                                      As of 31 December 2025 and for
      Tahun Berakhir pada Tanggal Tersebut                                        for the Year Then Ended
         (Disajikan dalam jutaan Rupiah,                                      (Expressed in millions of Rupiah,
             kecuali dinyatakan lain)                                             unless otherwise stated)

50. BEBAN UMUM DAN ADMINISTRASI (lanjutan)                       50. GENERAL       AND     ADMINISTRATIVE           EXPENSES
                                                                     (continued)

                                                      Tahun yang berakhir
                                                   pada tanggal 31 Desember/
                                                    Year ended 31 December
                                                    2025                  2024
  Tanggung jawab sosial dan                                                                            Social and environmental
    lingkungan                                        251.124                  250.028                          responsibility
  Zakat                                               250.293                  232.061                                      Zakat
  Premi asuransi                                      207.799                  175.539                       Insurance premium
  Bunga atas liabilitas sewa                                                                            Interest on lease liability
    (Catatan 18a)                                     145.638                  128.407                            (Note 18a)
  Keamanan                                             43.055                   38.025                                  Security
  Rekrutmen                                            12.919                   13.742                               Recruitment
  Program pemerintah                                   12.691                    4.584                     Government program
  Lain-lain                                           880.452                  691.076                                    Others

  Total                                             30.422.281              26.519.633                                       Total


   Untuk tahun yang berakhir pada tanggal 31 Desember                For the year ended 31 December 2025 and 2024,
   2025 dan 2024, beban promosi termasuk beban                       promotions expenses include the reward/prize expenses
   hadiah undian dana pihak ketiga masing-masing                     of third party funds amounted to Rp35,170 and
   sebesar Rp35.170 dan Rp49.918.                                    Rp49,918 respectively.

   Tanggung Jawab Sosial dan Lingkungan (TJSL)                       Corporate Social and Environmental Responsibility
   merupakan       komitmen      berkelanjutan   untuk               (CSR) is a continuous commitment to contribute to
   memberikan kontribusi kepada pengembangan                         economic development and Bank Mandiri’s concern for
   ekonomi dan kepedulian Bank Mandiri kepada                        society. Based on the Regulation of the Minister of State-
   masyarakat. Berdasarkan Peraturan Menteri Badan                   Owned Enterprises Number PER-1/MBU/03/2023 on
   Usaha Milik Negara Nomor PER-1/MBU/03/2023                        Special Assignments and the Corporate Social and
   tentang Penugasan Khusus dan Program Tanggung                     Environmental Responsibility Program of State-Owned
   Jawab Sosial dan Lingkungan Badan Usaha Milik                     Enterprises, the CSR Program for SOEs is carried out
   Negara bahwa Program TJSL BUMN dilakukan secara                   systematically and integratively to ensure the
   sistematis dan terpadu untuk menjamin pelaksanaan,                implementation, achievement of success, and
   pencapaian keberhasilan serta pengelolaan dampak                  management of the impact of the CSR Program for
   Program TJSL BUMN sesuai dengan prioritas                         SOEs in accordance with the priorities and/or
   dan/atau pencapaian dari tujuan Program TJSL BUMN                 achievements of the CSR Program objectives, guided by
   yang berpedoman pada rencana kerja perseroan.                     the company's work plan.

   Program TJSL sesuai Peraturan Menteri BUMN diatas                 The CSR Program, according to the above Ministerial
   dilaksanakan dengan mengacu pada 4 pilar utama                    Regulation, is implemented by referring to four main
   yaitu Sosial, Ekonomi, Lingkungan serta Hukum dan                 pillars: Social, Economic, Environmental, and Legal and
   Tata Kelola. Pelaksanaan Program TJSL PT Bank                     Governance. The implementation of the CSR Program
   Mandiri (Persero) Tbk, dalam bentuk bantuan dan/atau              by PT Bank Mandiri (Persero) Tbk, includes assistance
   kegiatan    lainnya    dan   dilaksanakan    dengan               and/or other activities, prioritising the focus areas of
   mengutamakan fokus Bidang Pendidikan, Lingkungan,                 Education, Environment, and Micro and Small Business
   dan Pengembangan Usaha Mikro dan Usaha Kecil                      (UMK) Development. The realisation of CSR as of
   (UMK). Realisasi TJSL Posisi 31 Desember 2025                     31 December 2025, was Rp251,124 and as of
   adalah sebesar Rp251.124 dan 31 Desember 2024                     31 December 2024, it was Rp250,028.
   sebesar Rp250.028.

   Lain-lain terutama terdiri dari beban penelitian dan              Others is consist of research and development
   pengembangan, beban agency, beban keanggotaan                     expenses, agency expenses, membership fee
   depository bank, beban izin perwakilan luar negeri dan            depository bank, overseas representative expenses and
   beban representasi.                                               representation expenses.




                                                           369
Page 1384
                                                                                  The original consolidated financial statements
                                                                                included herein are in the Indonesian language.

          PT BANK MANDIRI (PERSERO) Tbk                                  PT BANK MANDIRI (PERSERO) Tbk
              DAN ENTITAS ANAKNYA                                              AND ITS SUBSIDIARIES
        CATATAN ATAS LAPORAN KEUANGAN                                     NOTES TO THE CONSOLIDATED
                   KONSOLIDASIAN                                              FINANCIAL STATEMENTS
         Tanggal 31 Desember 2025 dan untuk                                As of 31 December 2025 and for
        Tahun Berakhir pada Tanggal Tersebut                                  for the Year Then Ended
           (Disajikan dalam jutaan Rupiah,                                (Expressed in millions of Rupiah,
               kecuali dinyatakan lain)                                       unless otherwise stated)

51. DANA PENSIUN DAN PESANGON                                 51. PENSION PLAN AND SEVERANCE PAY

   Sesuai dengan kebijakan Bank, selain gaji, pegawai            Under the Bank’s policy, other than salaries, employees
   juga mendapatkan fasilitas dan tunjangan berupa               are entitled to allowances and benefits, such as religious
   Tunjangan Hari Raya (THR), fasilitas kesehatan, uang          holiday      allowance,     medical      reimbursements,
   duka dan santunan duka, tunjangan cuti, fasilitas             bereavement money and benefits, leave allowance,
   jabatan untuk jabatan tertentu, program pensiun untuk         functional allowance for certain levels, pension plan for
   pegawai tetap, insentif sesuai dengan kinerja pegawai         permanent employees, incentives based on employee’s
   dan Bank serta manfaat untuk pegawai yang berhenti            and the Bank’s performance and post-employment
   bekerja sesuai dengan Undang-undang di Bidang                 benefits in accordance with prevailing Employment Law
   Ketenagakerjaan dan Perjanjian Kerja Bersama Bank             and Bank Mandiri Collective Labor Agreement.
   Mandiri.

   Dana pensiun                                                  Pension plan

   Bank Mandiri memiliki 5 (lima) Dana Pensiun yang              Bank Mandiri has 5 (five) Pension Funds in the form of
   berbentuk Dana Pensiun Pemberi Kerja (DPPK) yang              Employer Pension Funds (DPPK) consisting of 1 (one)
   terdiri dari 1 (satu) Dana Pensiun yang                       Pension Fund that organizes a Defined Contribution
   menyelenggarakan Program Pensiun Iuran Pasti                  Pension Program (PPIP) and 4 (four) Pension Funds
   (PPIP) dan 4 (empat) Dana Pensiun yang                        that organizes a Defined Benefit Pension Program
   menyelenggarakan Program Pensiun Manfaat Pasti                (PPMP) as follows:
   (PPMP) sebagai berikut:

   a.    Dana Pensiun Bank Mandiri (Program Pensiun              a.   Bank Mandiri Pension Fund (Defined Contribution
         Iuran Pasti)                                                 Pension Program)

         Dana      Pensiun       Bank    Mandiri    yang              Dana Pensiun Pemberi Kerja Program Pensiun
         menyelenggarakan Program Pensiun Iuran Pasti                 Iuran Pasti (DPPK-PPIP) or Bank Mandiri Pension
         (DPPK-PPIP)        didirikan    pada     tanggal             Fund (Dana Pensiun Bank Mandiri (DPBM)) which
         1 Agustus 1999 berdasarkan Keputusan Direksi                 was established on 1 August 1999 based on Board
         Bank Mandiri No. 004/KEP.DIR/1999 tanggal                    of Directors’s resolution No. 004/KEP.DIR/1999
         26 April 1999 tentang Peraturan Dana Pensiun                 dated 26 April 1999 regarding Pension Plan of Bank
         dari Dana Pensiun Bank Mandiri. Peraturan Dana               Mandiri’s pension fund. Regulation established by
         Pensiun     dari Dana Pensiun Bank Mandiri telah             Bank Mandiri pension fund were approved by the
         mendapat pengesahan dari Menteri Keuangan                    Minister of Finance of the Republic of Indonesia
         Republik Indonesia berdasarkan Surat Keputusan               through          its        Decision          Letter
         Menteri     Keuangan        Republik   Indonesia             No. KEP/300/KM.017/1999 dated 14 July 1999 and
         No. KEP/300/KM.017/1999 tanggal 14 Juli 1999                 was published in the Additional of the State Gazette
         dan diumumkan di dalam Tambahan Lembaran                     of the Republic of Indonesia No. 62 dated
         Berita Negara Republik Indonesia No. 62 tanggal              3 August 1999.
         3 Agustus 1999.

         Peraturan Dana Pensiun dari Dana Pensiun Bank                The regulations for Pension Fund from Bank
         Mandiri telah disesuaikan, terakhir berdasarkan              Mandiri Pension Fund have been revised, based on
         Keputusan Direksi PT Bank Mandiri (Persero) Tbk              the latest Decision of the Board of Directors of PT
         Nomor: KEP.DPB5/001/2024 tanggal 6 Desember                  Bank          Mandiri        (Persero)          Tbk
         2024. Penyesuaian dilakukan dalam rangka                     Number: KEP.DPB5/001/2024 dated December 6,
         menyesuaikan dengan Undang-Undang Nomor 4                    2024. The adjustment was made to align with Law
         tahun 2023 tentang Pengembangan dan                          Number 4 of 2023 concerning the Development and
         Penguatan Sektor Keuangan Bab XII Dana                       Strengthening of the Financial Sector, Chapter XII
         Pensiun, Program Jaminan Hari Tua, dan Program               on Pension Funds, Old Age Security Programs, and
         Pensiun dan Peraturan Otoritas Jasa Keuangan                 Pension Programs, as well as the Financial
         (POJK) Nomor 27 tahun 2023 tanggal                           Services Authority (OJK) Regulation (POJK)
         22 Desember 2023 tentang Penyelengaraan                      Number 27 of 2023 dated December 22, 2023,
         Usaha Dana Pensiun.                                          regarding the Implementation of Pension Fund
                                                                      Business Operations.




                                                        370
Page 1385
                                                                                   The original consolidated financial statements
                                                                                 included herein are in the Indonesian language.

          PT BANK MANDIRI (PERSERO) Tbk                                     PT BANK MANDIRI (PERSERO) Tbk
              DAN ENTITAS ANAKNYA                                                 AND ITS SUBSIDIARIES
        CATATAN ATAS LAPORAN KEUANGAN                                        NOTES TO THE CONSOLIDATED
                   KONSOLIDASIAN                                                 FINANCIAL STATEMENTS
         Tanggal 31 Desember 2025 dan untuk                                   As of 31 December 2025 and for
        Tahun Berakhir pada Tanggal Tersebut                                     for the Year Then Ended
           (Disajikan dalam jutaan Rupiah,                                   (Expressed in millions of Rupiah,
               kecuali dinyatakan lain)                                          unless otherwise stated)

51. DANA PENSIUN DAN PESANGON (lanjutan)                       51. PENSION PLAN AND SEVERANCE PAY (continued)

   Dana pensiun (lanjutan)                                        Pension plan (continued)

   Bank Mandiri memiliki 5 (lima) Dana Pensiun yang               Bank Mandiri has 5 (five) Pension Funds in the form of
   berbentuk Dana Pensiun Pemberi Kerja (DPPK) yang               Employer Pension Funds (DPPK) consisting of 1 (one)
   terdiri dari 1 (satu) Dana Pensiun yang                        Pension Fund that organizes a Defined Contribution
   menyelenggarakan Program Pensiun Iuran Pasti                   Pension Program (PPIP) and 4 (four) Pension Funds
   (PPIP) dan 4 (empat) Dana Pensiun yang                         that organizes a Defined Benefit Pension Program
   menyelenggarakan Program Pensiun Manfaat Pasti                 (PPMP) as follows: (continued)
   (PPMP) sebagai berikut: (lanjutan)

   a.    Dana Pensiun Bank Mandiri (Program Pensiun               a.   Bank Mandiri Pension Fund (Defined Contribution
         Iuran Pasti) (lanjutan)                                       Pension Program) (continued)

         Perubahan Peraturan Dana Pensiun dari Dana                    The revised regulations for Pension Fund from
         Pensiun Bank Mandiri telah mendapatkan                        Bank Mandiri Pension Fund have been approved by
         pengesahan dari Otoritas Jasa Keuangan                        the Financial Services Authority (OJK) through the
         berdasarkan Keputusan Dewan Komisioner                        Decision of the Board of Commissioners of the
         Otoritas            Jasa              Keuangan                Financial            Services             Authority
         Nomor        KEP-722/PD.02/2024          tanggal              Number          KEP-722/PD.02/2024           dated
         24 Desember 2024 dan diumumkan di dalam                       24 December 2024 and was announced in
         Tambahan Lembaran Berita Negara Republik                      Supplement to the State Gazette of the Republic of
         Indonesia No. 5 tanggal 17 Januari 2025.                      Indonesia No. 5 dated 17 January 2025.

         Iuran pensiun yang dibukukan atas nama masing-                The pension contribution is recorded for each
         masing Peserta ditanggung bersama oleh                        members, which jointly borne by the employer and
         Pemberi Kerja dan Peserta:                                    the members:
         1. Peserta wajib membayar iuran sebesar 5%                    1. The member is obliged to contribute 5% (five
             (lima persen) dari penghasilan dasar pensiun.                 percent) of basic pension income.

         2. Pemberi Kerja wajib membayar iuran sebesar                 2.   The employer is obliged to contribute 10% (ten
             10% (sepuluh persen) dari penghasilan dasar                    percent) of basic pension income.
             pensiun.

         Bank telah membayar iuran pensiun masing-                     The Bank has paid pension contribution of
         masing sebesar Rp640.946 dan Rp590.397 untuk                  Rp640,946 and Rp590,397 for the year ended
         tahun yang berakhir pada tanggal 31 Desember                  31 December 2025 and 2024, respectively.
         2025 dan 2024.

         Dana Pensiun Bank Mandiri menginvestasikan                    The Bank Mandiri’s pension funds invest their
         beberapa sumber keuangannya antara lain pada                  financial resources including term deposits balance
         deposito berjangka dan deposito on call Bank                  and deposits on call at Bank Mandiri. Balance on
         Mandiri. Saldo deposito berjangka dan deposit on              deposits balance and deposit on call as of
         call tersebut pada tanggal 31 Desember 2025 dan               31 December 2025 and 2024 amounted to
         2024 masing-masing sebesar Rp747.600 dan                      Rp747,600 and Rp9,950, respectively. The interest
         Rp9.950. Tingkat suku bunga atas deposito                     rate of the deposits are the same with interest rate
         tersebut adalah sama dengan suku bunga atas                   for third party time deposits.
         deposito berjangka pihak ketiga.




                                                         371
Page 1386
                                                                                   The original consolidated financial statements
                                                                                 included herein are in the Indonesian language.

          PT BANK MANDIRI (PERSERO) Tbk                                     PT BANK MANDIRI (PERSERO) Tbk
              DAN ENTITAS ANAKNYA                                                 AND ITS SUBSIDIARIES
        CATATAN ATAS LAPORAN KEUANGAN                                        NOTES TO THE CONSOLIDATED
                   KONSOLIDASIAN                                                 FINANCIAL STATEMENTS
         Tanggal 31 Desember 2025 dan untuk                                   As of 31 December 2025 and for
        Tahun Berakhir pada Tanggal Tersebut                                     for the Year Then Ended
           (Disajikan dalam jutaan Rupiah,                                   (Expressed in millions of Rupiah,
               kecuali dinyatakan lain)                                          unless otherwise stated)

51. DANA PENSIUN DAN PESANGON (lanjutan)                       51. PENSION PLAN AND SEVERANCE PAY (continued)

   Dana pensiun (lanjutan)                                        Pension plan (continued)

   b.    Dana Pensiun Bank Mandiri (Program Pensiun               b.   Bank Mandiri Pension Fund (Defined Benefit
         Manfaat Pasti)                                                Pension Program)

         Bank Mandiri memiliki 4 (empat) Dana Pensiun                  Four employer’s pension funds provide defined
         yang menyelenggarakan Program Pensiun                         benefits program (DPPK-PPMP), which from the
         Manfaat Pasti (DPPK-PPMP) sebagai berikut:                    merger of 4 (four) legacy banks, namely:
         1. Dana Pensiun Bank Mandiri Satu (Bank Bumi                  1. Dana Pensiun Bank Mandiri Satu (Bank Bumi
             Daya),                                                        Daya),
         2. Dana Pensiun Bank Mandiri Dua (Bank                        2. Dana Pensiun Bank Mandiri Dua (Bank
             Dagang Negara),                                               Dagang Negara),
         3. Dana Pensiun Bank Mandiri Tiga (Bank Exim)                 3. Dana Pensiun Bank Mandiri Tiga (Bank Exim)
             dan                                                           and
         4. Dana Pensiun Bank Mandiri Empat (Bank                      4. Dana Pensiun Bank Mandiri Empat (Bank
             Pembangunan Indonesia).                                       Pembangunan Indonesia),

         Peserta program pensiun manfaat pasti adalah                  The members of the pension funds are employees
         mereka yang berasal dari legacy bank dengan                   from Legacy Bank with working period of three
         masa kerja tiga tahun atau lebih pada saat                    years or more at the merger date which were active
         penggabungan yang terdiri dari pegawai aktif                  employees, ex employees (resigned but did not
         bank, bekas karyawan (karyawan yang berhenti                  transfer their right to other pension fund) and retired
         bekerja dan tidak mengalihkan haknya ke dana                  employees.
         pensiun lain) dan pensiunan.

         Peraturan Dana Pensiun dari Dana Pensiun Bank                 The regulations for Pension Funds from Dana
         Mandiri telah mengalami beberapa kali                         Pensiun Bank Mandiri have been changed several
         perubahan, hal tersebut dilakukan dalam rangka                times, in order to comply with the applicable laws
         menyesuaikan dengan peraturan perundang-                      and regulations, as follows:
         undangan yang berlaku yaitu:

         1.   Dana Pensiun        Bank    Mandiri    Satu              1.   Dana  Pensiun          Bank      Mandiri      Satu
              (“DPBMS”)                                                     (“DPBMS”)

              Dalam         rangka        penggabungan                      For the purpose of the merger of
              PT Bank Bumi Daya (Persero) ke dalam                          PT Bank Bumi Daya (Persero) into
              PT Bank Mandiri (Persero), telah ditetapkan                   PT Bank Mandiri (Persero), a Decree of the
              Keputusan Direksi PT Bank Mandiri (Persero)                   Board of Directors of PT Bank Mandiri
              Nomor 021A/KEP.DIR/1999 tanggal 31 Juli                       (Persero)    Number     021A/KEP.DIR/1999
              1999 yang telah mendapat pengesahan                           dated 31 July 1999 was stipulated, which was
              Menteri berdasarkan Keputusan Nomor KEP-                      approved by the Minister based on Decree
              394/KM.17/1999 tanggal 15 November 1999,                      Number KEP-394/KM.17/1999              dated
              dengan nama Dana Pensiun Bank Mandiri                         15 November 1999, under the name Dana
              Satu.                                                         Pensiun Bank Mandiri Satu.

              Peraturan Dana Pensiun dari Dana Pensiun                      The Pension Fund Regulations of the Dana
              Bank Mandiri Satu telah disesuaikan terakhir                  Pensiun Bank Mandiri Satu have been
              berdasarkan        Keputusan         Direksi                  adjusted recently by Decree of the Board of
              PT Bank Mandiri (Persero) Tbk Nomor                           Directors of PT Bank Mandiri (Persero) Tbk
              KEP.DPB1/001/2025 tanggal 21 Maret 2025.                      Number KEP.DPB1/001/2025 dated 21 March
                                                                            2025.




                                                         372
Page 1387
                                                                                   The original consolidated financial statements
                                                                                 included herein are in the Indonesian language.

          PT BANK MANDIRI (PERSERO) Tbk                                     PT BANK MANDIRI (PERSERO) Tbk
              DAN ENTITAS ANAKNYA                                                 AND ITS SUBSIDIARIES
        CATATAN ATAS LAPORAN KEUANGAN                                        NOTES TO THE CONSOLIDATED
                   KONSOLIDASIAN                                                 FINANCIAL STATEMENTS
         Tanggal 31 Desember 2025 dan untuk                                   As of 31 December 2025 and for
        Tahun Berakhir pada Tanggal Tersebut                                     for the Year Then Ended
           (Disajikan dalam jutaan Rupiah,                                   (Expressed in millions of Rupiah,
               kecuali dinyatakan lain)                                          unless otherwise stated)

51. DANA PENSIUN DAN PESANGON (lanjutan)                       51. PENSION PLAN AND SEVERANCE PAY (continued)

   Dana pensiun (lanjutan)                                        Pension plan (continued)

   b.    Dana Pensiun Bank Mandiri (Program Pensiun               c.   Bank Mandiri Pension Fund (Defined Benefit
         Manfaat Pasti) (lanjutan)                                     Pension Program) (continued)

         Peraturan Dana Pensiun dari Dana Pensiun Bank                 The regulations for Pension Funds from Dana
         Mandiri telah mengalami beberapa kali                         Pensiun Bank Mandiri have been changed several
         perubahan, hal tersebut dilakukan dalam rangka                times, in order to comply with the applicable laws
         menyesuaikan dengan peraturan perundang-                      and regulations, as follows: (continued)
         undangan yang berlaku yaitu: (lanjutan)

         1.   Dana Pensiun Bank           Mandiri    Satu              1.   Dana  Pensiun     Bank           Mandiri      Satu
              (“DPBMS”) (lanjutan)                                          (“DPBMS”) (continued)

              Penyesuaian dilakukan dalam rangka                            The amendment was made in order to align
              menyesuaikan dengan ketentuan Undang-                         with the provisions of Law Number 4 of 2023
              Undang Nomor 4 Tahun 2023 tanggal                             dated 12 January 2023, concerning the
              12 Januari 2023 tentang Pengembangan dan                      Development and Strengthening of the
              Penguatan Sektor Keuangan dan peraturan                       Financial Sector and its implementing
              pelaksanaannya yang berlaku serta untuk                       regulations, as well as to further enhance the
              lebih meningkatkan kesejahteraan Peserta                      welfare of Participants,including the provision
              termasuk pemberian Manfaat Pensiun                            of Additional Pension Benefits in the form of a
              Lainnya berupa Dana Manfaat Tambahan,                         Supplemental Benefit Fund. Accordingly, it is
              maka perlu dilakukan pengaturan pemberian                     necessary to regulate the provision of such
              Manfaat Pensiun Lainnya berupa Dana                           Additional Pension Benefits in the form of a
              Manfaat Tambahan di tahun 2025 sesuai                         Supplemental Benefit Fund in 2025, in
              dengan kemampuan pendanaan Dana                               accordance with the funding capacity of Dana
              Pensiun Bank Mandiri Satu dan dengan                          Pensiun Bank Mandiri Satu and with due
              memperhatikan Pedoman Standar Akuntansi                       regard to the applicable Accounting Standards
              yang berlaku bagi Pendiri.                                    Guidelines for the Founder.

              Dalam         rangka        penggabungan                      For the purpose of the merger of
              PT Bank Bumi Daya (Persero) ke dalam                          PT Bank Bumi Daya (Persero) into
              PT Bank Mandiri (Persero), telah ditetapkan                   PT Bank Mandiri (Persero), a Decree of the
              Keputusan Direksi PT Bank Mandiri (Persero)                   Board of Directors of PT Bank Mandiri
              Nomor 021A/KEP.DIR/1999 tanggal 31 Juli                       (Persero)    Number     021A/KEP.DIR/1999
              1999 yang telah mendapat pengesahan                           dated 31 July 1999 was stipulated, which was
              Menteri berdasarkan Keputusan Nomor KEP-                      approved by the Minister based on Decree
              394/KM.17/1999 tanggal 15 November 1999,                      Number KEP-394/KM.17/1999              dated
              dengan nama Dana Pensiun Bank Mandiri                         15 November 1999, under the name Dana
              Satu.                                                         Pensiun Bank Mandiri Satu.

              Peraturan Dana Pensiun dari Dana Pensiun                      The Pension Fund Regulations of the Dana
              Bank Mandiri Satu telah disesuaikan terakhir                  Pensiun Bank Mandiri Satu have been
              berdasarkan        Keputusan         Direksi                  adjusted recently by Decree of the Board of
              PT Bank Mandiri (Persero) Tbk Nomor                           Directors of PT Bank Mandiri (Persero) Tbk
              KEP.DPB1/001/2025 tanggal 21 Maret 2025.                      Number KEP.DPB1/001/2025 dated 21 March
                                                                            2025.




                                                         373
Page 1388
                                                                                  The original consolidated financial statements
                                                                                included herein are in the Indonesian language.

          PT BANK MANDIRI (PERSERO) Tbk                                    PT BANK MANDIRI (PERSERO) Tbk
              DAN ENTITAS ANAKNYA                                                AND ITS SUBSIDIARIES
        CATATAN ATAS LAPORAN KEUANGAN                                       NOTES TO THE CONSOLIDATED
                   KONSOLIDASIAN                                                FINANCIAL STATEMENTS
         Tanggal 31 Desember 2025 dan untuk                                  As of 31 December 2025 and for
        Tahun Berakhir pada Tanggal Tersebut                                    for the Year Then Ended
           (Disajikan dalam jutaan Rupiah,                                  (Expressed in millions of Rupiah,
               kecuali dinyatakan lain)                                         unless otherwise stated)

51. DANA PENSIUN DAN PESANGON (lanjutan)                      51. PENSION PLAN AND SEVERANCE PAY (continued)

   b.    Dana Pensiun Bank Mandiri (Program Pensiun              b.   Bank Mandiri Pension Fund (Defined Benefit
         Manfaat Pasti) (lanjutan)                                    Pension Program) (continued)

         Peraturan Dana Pensiun dari Dana Pensiun Bank                The regulations for Pension Funds from Dana
         Mandiri telah mengalami beberapa kali                        Pensiun Bank Mandiri have been changed several
         perubahan, hal tersebut dilakukan dalam rangka               times, in order to comply with the applicable laws
         menyesuaikan dengan peraturan perundang-                     and regulations, as follows: (continued)
         undangan yang berlaku yaitu: (lanjutan)

         1.   Dana Pensiun Bank          Mandiri    Satu              1.    Dana  Pensiun     Bank          Mandiri      Satu
              (“DPBMS”) (lanjutan)                                          (“DPBMS”) (continued)

              Penyesuaian dilakukan dalam rangka                           The amendment was made in order to align
              menyesuaikan dengan ketentuan Undang-                        with the provisions of Law Number 4 of 2023
              Undang Nomor 4 Tahun 2023 tanggal                            dated 12 January 2023, concerning the
              12 Januari 2023 tentang Pengembangan dan                     Development and Strengthening of the
              Penguatan Sektor Keuangan dan peraturan                      Financial Sector and its implementing
              pelaksanaannya yang berlaku serta untuk                      regulations, as well as to further enhance the
              lebih meningkatkan kesejahteraan Peserta                     welfare of Participants,including the provision
              termasuk pemberian Manfaat Pensiun                           of Additional Pension Benefits in the form of a
              Lainnya berupa Dana Manfaat Tambahan,                        Supplemental Benefit Fund. Accordingly, it is
              maka perlu dilakukan pengaturan pemberian                    necessary to regulate the provision of such
              Manfaat Pensiun Lainnya berupa Dana                          Additional Pension Benefits in the form of a
              Manfaat Tambahan di tahun 2025 sesuai                        Supplemental Benefit Fund in 2025, in
              dengan kemampuan pendanaan Dana                              accordance with the funding capacity of Dana
              Pensiun Bank Mandiri Satu dan dengan                         Pensiun Bank Mandiri Satu and with due
              memperhatikan Pedoman Standar Akuntansi                      regard to the applicable Accounting Standards
              yang berlaku bagi Pendiri.                                   Guidelines for the Founder.

              Perubahan Peraturan Dana Pensiun dari                        The amendment to the Pension Fund
              Dana Pensiun Bank Mandiri Satu ini, telah                    Regulation from Dana Pensiun Bank Mandiri
              mendapat pengesahan dari Otoritas Jasa                       Satu has been approved by the Financial
              Keuangan berdasarkan Keputusan Dewan                         Services Authority based on the Decree of the
              Komisioner Otoritas Jasa Keuangan Nomor                      Board of Commissioners of the Financial
              KEP-254/PD.02/2025 tanggal 28 April 2025                     Services      Authority    Number        KEP-
              Tentang Pengesahan Atas Peraturan Dana                       254/PD.02/2025 dated 28 April            2025,
              Pensiun dari Dana Pensiun Bank Mandiri Dua                   regarding the Approval of the Pension Fund
              dan diumumkan di dalam Tambahan                              Regulation from Dana Pensiun Bank Mandiri
              Lembaran Berita Negara Republik Indonesia                    Dua, and was announced in the Supplement to
              No. 37 tanggal 9 Mei 2025.                                   the State Gazette of the Republic of Indonesia
                                                                           No. 37 dated 9 May 2025.

         2.   Dana Pensiun       Bank    Mandiri    Dua               2.   Dana Pensiun Bank Mandiri Dua (“DPBMD”)
              (“DPBMD”)

              Dalam rangka penggabungan PT Bank                            For the purpose of the merger of PT Bank
              Dagang Negara (Persero) ke dalam PT Bank                     Dagang Negara (Persero) into PT Bank
              Mandiri    (Persero),   telah   ditetapkan                   Mandiri (Persero), a Decree of the Board of
              Keputusan Direksi PT Bank Mandiri (Persero)                  Directors of PT Bank Mandiri (Persero)
              Nomor 021B/KEP.DIR/1999 tanggal 31 Juli                      Number 021B/KEP.DIR/1999 dated 31 July
              1999, yang telah mendapat pengesahan                         1999 was stipulated, which was approved by
              Menteri berdasarkan Keputusan Nomor KEP-                     the     Minister    based    on     Decree
              395/KM.17/1999 tanggal 15 November 1999,                     No. KEP-395/KM.17/1999 dated 15 November
              dengan nama Dana Pensiun Bank Mandiri                        1999, under the name Dana Pensiun Bank
              Dua.                                                         Mandiri Dua.




                                                        374
Page 1389
                                                                                    The original consolidated financial statements
                                                                                  included herein are in the Indonesian language.

          PT BANK MANDIRI (PERSERO) Tbk                                      PT BANK MANDIRI (PERSERO) Tbk
              DAN ENTITAS ANAKNYA                                                  AND ITS SUBSIDIARIES
        CATATAN ATAS LAPORAN KEUANGAN                                         NOTES TO THE CONSOLIDATED
                   KONSOLIDASIAN                                                  FINANCIAL STATEMENTS
         Tanggal 31 Desember 2025 dan untuk                                    As of 31 December 2025 and for
        Tahun Berakhir pada Tanggal Tersebut                                      for the Year Then Ended
           (Disajikan dalam jutaan Rupiah,                                    (Expressed in millions of Rupiah,
               kecuali dinyatakan lain)                                           unless otherwise stated)

51. DANA PENSIUN DAN PESANGON (lanjutan)                        51. PENSION PLAN AND SEVERANCE PAY (continued)

   Dana pensiun (lanjutan)                                         Pension plan (continued)

   b.    Dana Pensiun Bank Mandiri (Program Pensiun                b.   Bank Mandiri Pension Fund (Defined Benefit
         Manfaat Pasti) (lanjutan)                                      Pension Program) (continued)
         Peraturan Dana Pensiun dari Dana Pensiun Bank                  The regulations for Pension Funds from Dana
         Mandiri telah mengalami beberapa kali                          Pensiun Bank Mandiri have been changed several
         perubahan, hal tersebut dilakukan dalam rangka                 times, in order to comply with the applicable laws
         menyesuaikan dengan peraturan perundang-                       and regulations, as follows: (continued)
         undangan yang berlaku yaitu: (lanjutan)
         2.   Dana Pensiun Bank            Mandiri    Dua               2.   Dana Pensiun Bank Mandiri Dua (“DPBMD”)
              (“DPBMD”) (lanjutan)                                           (continued)
              Peraturan Dana Pensiun dari Dana Pensiun                       The Pension Fund Regulations of Dana
              Bank Mandiri Dua telah disesuaikan terakhir                    Pensiun Bank Mandiri Dua have been adjusted
              berdasarkan        Keputusan          Direksi                  recently by Decree of the Board of Directors of
              PT     Bank     Mandiri    (Persero)     Tbk                   PT      Bank      Mandiri     (Persero)     Tbk
              No.       KEP.DPB2/001/2025          tanggal                   No. KEP.DPB2/001/2025 dated 21 March
              21 Maret 2025. Penyesuaian dilakukan dalam                     2025. The amendment was made in order to
              rangka pemberian Manfaat Pensiun Lainnya                       align with the provisions of Law Number 4 of
              menyesuaikan dengan ketentuan Undang-                          2023 dated 12 January 2023, concerning the
              Undang Nomor 4 Tahun 2023 tanggal                              Development and Strengthening of the
              12 Januari 2023 tentang Pengembangan dan                       Financial Sector and its implementing
              Penguatan Sektor Keuangan dan peraturan                        regulations, as well as to further enhance the
              pelaksanaannya yang berlaku serta untuk                        welfare of Participants, including the provision
              lebih meningkatkan kesejahteraan Peserta                       of Additional Pension Benefits in the form of a
              termasuk pemberian Manfaat Pensiun                             Supplemental Benefit Fund. Accordingly, it is
              Lainnya berupa Dana Manfaat Tambahan,                          necessary to regulate the provision of such
              maka perlu dilakukan pengaturan pemberian                      Additional Pension Benefits in the form of a
              Manfaat Pensiun Lainnya berupa Dana                            Supplemental Benefit Fund in 2025, in
              Manfaat Tambahan di tahun 2025, sesuai                         accordance with the funding capacity of Dana
              dengan kemampuan pendanaan Dana                                Pensiun Bank Mandiri Dua and with due regard
              Pensiun Bank Mandiri Dua dan dengan                            to the applicable Accounting Standards
              memperhatikan Pedoman Standar Akuntansi                        Guidelines for the Founder.
              yang berlaku bagi Pendiri.
              Perubahan Peraturan Dana Pensiun dari                          The amendment to the Pension Fund
              Dana Pensiun Bank Mandiri Dua ini, telah                       Regulation from Dana Pensiun Bank Mandiri
              mendapat pengesahan dari Otoritas Jasa                         Dua has been approved by the Financial
              Keuangan berdasarkan Keputusan Dewan                           Services Authority based on the Decree of the
              Komisioner Otoritas Jasa Keuangan Nomor                        Board of Commissioners of the Financial
              KEP-253/PD.02/2025 tanggal 28 April 2025                       Services      Authority    Number        KEP-
              Tentang Pengesahan Atas Peraturan Dana                         253/PD.02/2025 dated 28 April            2025,
              Pensiun dari Dana Pensiun Bank Mandiri Dua                     regarding the Approval of the Pension Fund
              dan diumumkan di dalam Tambahan                                Regulation from Dana Pensiun Bank Mandiri
              Lembaran Berita Negara Republik Indonesia                      Dua, and was announced in the Supplement to
              No. 37 tanggal 9 Mei 2025.                                     the State Gazette of the Republic of Indonesia
                                                                             No. 37 dated 9 May 2025.




                                                          375
Page 1390
                                                                                   The original consolidated financial statements
                                                                                 included herein are in the Indonesian language.

          PT BANK MANDIRI (PERSERO) Tbk                                     PT BANK MANDIRI (PERSERO) Tbk
              DAN ENTITAS ANAKNYA                                                 AND ITS SUBSIDIARIES
        CATATAN ATAS LAPORAN KEUANGAN                                        NOTES TO THE CONSOLIDATED
                   KONSOLIDASIAN                                                 FINANCIAL STATEMENTS
         Tanggal 31 Desember 2025 dan untuk                                   As of 31 December 2025 and for
        Tahun Berakhir pada Tanggal Tersebut                                     for the Year Then Ended
           (Disajikan dalam jutaan Rupiah,                                   (Expressed in millions of Rupiah,
               kecuali dinyatakan lain)                                          unless otherwise stated)

51. DANA PENSIUN DAN PESANGON (lanjutan)                       51. PENSION PLAN AND SEVERANCE PAY (continued)

   Dana pensiun (lanjutan)                                        Pension plan (continued)

   b.    Dana Pensiun Bank Mandiri (Program Pensiun               b.   Bank Mandiri Pension Fund (Defined Benefit
         Manfaat Pasti) (lanjutan)                                     Pension Program) (continued)

         Peraturan Dana Pensiun dari Dana Pensiun Bank                 The regulations for Pension Funds from Dana
         Mandiri telah mengalami beberapa kali                         Pensiun Bank Mandiri have been changed several
         perubahan, hal tersebut dilakukan dalam rangka                times, in order to comply with the applicable laws
         menyesuaikan dengan peraturan perundang-                      and regulations, as follows: (continued)
         undangan yang berlaku yaitu: (lanjutan)
         3.   Dana Pensiun        Bank    Mandiri    Tiga              3.   Dana  Pensiun          Bank      Mandiri      Tiga
              (“DPBMT”)                                                     (“DPBMT”)
              Dalam rangka penggabungan PT Bank                             For the purpose of the merger of PT Bank
              Ekspor Impor Indonesia (Persero) ke dalam                     Ekspor Impor Indonesia (Persero) into
              PT Bank Mandiri (Persero), telah ditetapkan                   PT Bank Mandiri (Persero), a Decree of the
              Keputusan Direksi PT Bank Mandiri (Persero)                   Board of Directors of PT Bank Mandiri
              No. 021C/KEP.DIR/1999 tanggal 31 Juli                         (Persero) No. 021C/KEP.DIR/1999 dated
              1999, yang telah mendapat pengesahan                          31 July 1999 was stipulated, which was
              Menteri berdasarkan Keputusan No. KEP-                        approved by the Minister based on the Decree
              396/KM.17/1999 tanggal 15 November 1999,                      No.       KEP-396/KM.17/1999           dated
              dengan nama Dana Pensiun Bank Mandiri                         15 November 1999, under the name Dana
              Tiga.                                                         Pensiun Bank Mandiri Tiga.
              Peraturan Dana Pensiun dari Dana Pensiun                      The Pension Fund Regulations of Dana
              Bank Mandiri Tiga telah disesuaikan terakhir                  Pensiun Bank Mandiri Tiga have been adjusted
              berdasarkan        Keputusan         Direksi                  recently by Decree of the Board of Directors of
              PT     Bank     Mandiri    (Persero)    Tbk                   PT      Bank      Mandiri     (Persero)     Tbk
              No. KEP.DPB3/001/2025 tanggal 21 Maret                        No. KEP.DPB3/001/2025 dated 21 March
              2025. Penyesuaian dilakukan dalam rangka                      2025. The amendment was made in order to
              menyesuaikan dengan ketentuan Undang-                         align with the provisions of Law Number 4 of
              Undang Nomor 4 Tahun 2023 tanggal                             2023 dated 12 January 2023, concerning the
              12 Januari 2023 tentang Pengembangan dan                      Development and Strengthening of the
              Penguatan Sektor Keuangan dan peraturan                       Financial Sector and its implementing
              pelaksanaannya yang berlaku serta untuk                       regulations, as well as to further enhance the
              lebih meningkatkan kesejahteraan Peserta                      welfare of Participants, including the provision
              termasuk pemberian Manfaat Pensiun                            of Additional Pension Benefits in the form of a
              Lainnya berupa Dana Manfaat Tambahan,                         Supplemental Benefit Fund. Accordingly, it is
              maka perlu dilakukan pengaturan pemberian                     necessary to regulate the provision of such
              Manfaat Pensiun Lainnya berupa Dana                           Additional Pension Benefits in the form of a
              Manfaat Tambahan di tahun 2025, sesuai                        Supplemental Benefit Fund in 2025, in
              dengan kemampuan pendanaan Dana                               accordance with the funding capacity of Dana
              Pensiun Bank Mandiri Tiga dan dengan                          Pensiun Bank Mandiri Tiga and with due regard
              memperhatikan Pedoman Standar Akuntansi                       to the applicable Accounting Standards
              yang berlaku bagi Pendiri.                                    Guidelines for the Founder.




                                                         376
Page 1391
                                                                                   The original consolidated financial statements
                                                                                 included herein are in the Indonesian language.

          PT BANK MANDIRI (PERSERO) Tbk                                     PT BANK MANDIRI (PERSERO) Tbk
              DAN ENTITAS ANAKNYA                                                 AND ITS SUBSIDIARIES
        CATATAN ATAS LAPORAN KEUANGAN                                        NOTES TO THE CONSOLIDATED
                   KONSOLIDASIAN                                                 FINANCIAL STATEMENTS
         Tanggal 31 Desember 2025 dan untuk                                   As of 31 December 2025 and for
        Tahun Berakhir pada Tanggal Tersebut                                     for the Year Then Ended
           (Disajikan dalam jutaan Rupiah,                                   (Expressed in millions of Rupiah,
               kecuali dinyatakan lain)                                          unless otherwise stated)

51. DANA PENSIUN DAN PESANGON (lanjutan)                       51. PENSION PLAN AND SEVERANCE PAY (continued)

   Dana pensiun (lanjutan)                                        Pension plan (continued)
   b.    Dana Pensiun Bank Mandiri (Program Pensiun               b.   Bank Mandiri Pension Fund (Defined Benefit
         Manfaat Pasti) (lanjutan)                                     Pension Program) (continued)

         Peraturan Dana Pensiun dari Dana Pensiun Bank                 The regulations for Pension Funds from Dana
         Mandiri telah mengalami beberapa kali                         Pensiun Bank Mandiri have been changed several
         perubahan, hal tersebut dilakukan dalam rangka                times, in order to comply with the applicable laws
         menyesuaikan dengan peraturan perundang-                      and regulations, as follows: (continued)
         undangan yang berlaku yaitu: (lanjutan)
         3.   Dana Pensiun Bank           Mandiri    Tiga              3.   Dana  Pensiun      Bank          Mandiri      Tiga
              (“DPBMT”) (lanjutan)                                          (“DPBMT”) (continued)
              Perubahan Peraturan Dana Pensiun dari                         The     amendment        to     the    Pension
              Dana Pensiun Bank Mandiri Tiga ini, telah                     Fund Regulation of Dana Pensiun Bank
              mendapat pengesahan dari Otoritas Jasa                        Mandiri Tiga has been authorised by the
              Keuangan berdasarkan Keputusan Dewan                          Financial Services Authority based on the
              Komisioner    Otoritas    Jasa   Keuangan                     Decision of the Board of Commissioners of the
              Nomor:     KEP-252/PD.02/2025        tanggal                  Financial    Services     Authority    Number
              28 April 2025 Tentang Pengesahan Atas                         KEP-252/PD.02/2025 dated 28 April 2025
              Peraturan Dana Pensiun dari Dana Pensiun                      regarding the Ratification of the Pension Fund
              Bank Mandiri Tiga dan diumumkan di dalam                      Regulation of Dana Pensiun Bank Mandiri Tiga
              Tambahan Lembaran Berita Negara Republik                      and has been announced in the Additional to
              Indonesia No. 37 tanggal 9 Mei 2025.                          the State Gazette of the Republic of Indonesia
                                                                            No. 37 dated 9 May 2025.
         4.   Dana Pensiun      Bank    Mandiri     Empat              4.   Dana Pensiun         Bank      Mandiri     Empat
              (“DPBME")                                                     (“DPBME")
              Dalam rangka penggabungan PT Bank                             For the purpose of the merger of PT Bank
              Pembangunan Indonesia (Persero) ke dalam                      Pembangunan Indonesia (Persero) into
              PT Bank Mandiri (Persero), telah ditetapkan                   PT Bank Mandiri (Persero), a Decree of the
              Keputusan Direksi PT Bank Mandiri (Persero)                   Board of Directors of PT Bank Mandiri
              No.      021D/KEP.DIR/1999          tanggal                   (Persero) No. 021D/KEP.DIR/1999 dated
              31 Juli 1999, yang telah mendapat                             31 July 1999 was stipulated, which was
              pengesahan Menteri berdasarkan Keputusan                      approved by the Minister based on Decree No.
              Nomor     KEP-397/KM.17/1999        tanggal                   KEP-397/KM.17/1999 dated 15 November
              15 November 1999, dengan nama Dana                            1999, under the name Dana Pensiun Bank
              Pensiun Bank Mandiri Empat.                                   Mandiri Empat.
              Peraturan Dana Pensiun dari Dana Pensiun                      The Pension Fund Regulations of Dana
              Bank Mandiri Empat telah disesuaikan                          Pensiun      Bank    Mandiri    Empat     have
              terakhir berdasarkan Keputusan Direksi                        been adjusted recently by Decree of the
              PT Bank        Mandiri     (Persero)     Tbk                  Board of Directors of PT Bank Mandiri
              Nomor:      KEP.DPB4/001/2025        tanggal                  (Persero) Tbk Number KEP.DPB4/001/2025
              21 Maret 2025. Penyesuaian dilakukan dalam                    dated 21 March 2025.. The amendment was
              rangka menyesuaikan dengan ketentuan                          made in order to align with the provisions of
              Undang-Undang Nomor 4 Tahun 2023                              Law Number 4 of 2023 dated 12 January 2023,
              tanggal    12    Januari    2023     tentang                  concerning       the     Development       and
              Pengembangan dan Penguatan Sektor                             Strengthening of the Financial Sector and its
              Keuangan dan peraturan pelaksanaannya                         implementing regulations, as well as to further
              yang berlaku serta untuk lebih meningkatkan                   enhance the welfare of Participants, including
              kesejahteraan Peserta termasuk pemberian                      the provision of Additional Pension Benefits in
              Manfaat Pensiun Lainnya berupa Dana                           the form of a Supplemental Benefit Fund.
              Manfaat Tambahan, maka perlu dilakukan                        Accordingly, it is necessary to regulate the
              pengaturan pemberian Manfaat Pensiun                          provision of such Additional Pension Benefits in
              Lainnya berupa Dana Manfaat Tambahan di                       the form of a Supplemental Benefit Fund in
              tahun 2025, sesuai dengan kemampuan                           2025, in accordance with the funding capacity
              pendanaan Dana Pensiun Bank Mandiri                           of Dana Pensiun Bank Mandiri Empat and with
              Empat dan dengan memperhatikan Pedoman                        due regard to the applicable Accounting
              Standar Akuntansi yang berlaku bagi Pendiri.                  Standards Guidelines for the Founder.

                                                         377
Page 1392
                                                                                                                  The original consolidated financial statements
                                                                                                                included herein are in the Indonesian language.

          PT BANK MANDIRI (PERSERO) Tbk                                                                PT BANK MANDIRI (PERSERO) Tbk
              DAN ENTITAS ANAKNYA                                                                            AND ITS SUBSIDIARIES
        CATATAN ATAS LAPORAN KEUANGAN                                                                   NOTES TO THE CONSOLIDATED
                   KONSOLIDASIAN                                                                            FINANCIAL STATEMENTS
         Tanggal 31 Desember 2025 dan untuk                                                              As of 31 December 2025 and for
        Tahun Berakhir pada Tanggal Tersebut                                                                for the Year Then Ended
           (Disajikan dalam jutaan Rupiah,                                                              (Expressed in millions of Rupiah,
               kecuali dinyatakan lain)                                                                     unless otherwise stated)

51. DANA PENSIUN DAN PESANGON (lanjutan)                                              51. PENSION PLAN AND SEVERANCE PAY (continued)

   Dana pensiun (lanjutan)                                                                 Pension plan (continued)

   b.    Dana Pensiun Bank Mandiri (Program Pensiun                                        b.    Bank Mandiri Pension Fund (Defined Benefit
         Manfaat Pasti) (lanjutan)                                                               Pension Program) (continued)

         Peraturan Dana Pensiun dari Dana Pensiun Bank                                           The regulations for Pension Funds from Dana
         Mandiri telah mengalami beberapa kali                                                   Pensiun Bank Mandiri have been changed several
         perubahan, hal tersebut dilakukan dalam rangka                                          times, in order to comply with the applicable laws
         menyesuaikan dengan peraturan perundang-                                                and regulations, as follows: (continued)
         undangan yang berlaku yaitu: (lanjutan)

         4.     Dana Pensiun Bank                     Mandiri      Empat                         4.     Dana Pensiun Bank                           Mandiri       Empat
                (“DPBME") (lanjutan)                                                                    (“DPBME") (continued)

                Perubahan Peraturan Dana Pensiun dari                                                   The amendment to the Pension Fund
                Dana Pensiun Bank Mandiri Empat ini, telah                                              Regulations     of    Dana     Pensiun    Bank
                mendapat pengesahan dari Otoritas Jasa                                                  Mandiri Empat has been authorised by the
                Keuangan berdasarkan Keputusan Dewan                                                    Financial Services Authority based on the
                Komisioner    Otoritas    Jasa   Keuangan                                               Decision of the Board of Commissioners of the
                Nomor KEP-251/PD.02/2025 tanggal 28 April                                               Financial     Services    Authority    Number
                2025 Tentang Pengesahan Atas Peraturan                                                  KEP-251/PD.02/2025 dated 28 April 2025
                Dana Pensiun dari Dana Pensiun Bank                                                     regarding the Ratification of the Pension Fund
                Mandiri Empat dan diumumkan di dalam                                                    Regulations of Dana Pensiun Bank Mandiri
                Tambahan Lembaran Berita Negara Republik                                                Empat and has been announced in the
                Indonesia No. 37 tanggal 9 Mei 2025.                                                    Additional to the State Gazette of the Republic
                                                                                                        of Indonesia No. 37 dated 9 May 2025.

   Perhitungan aktuaria atas liabilitas manfaat pensiun                                    The actuarial calculation on pension benefits liability for
   untuk Bank saja pada tanggal 31 Desember 2025 dan                                       Bank only as of 31 December 2025 and 2024 were
   2024 didasarkan atas perhitungan aktuaria untuk                                         based on actuarial calculation for the year ended
   tahun yang berakhir pada tanggal 31 Desember 2025                                       31 December 2025 and 31 December 2024 as stated in
   dan 31 Desember 2024 yang tercantum pada laporan                                        the reports from the Actuarial Consulting Office Halim &
   dari Aktuaria Halim & Rekan dan Aktuaria Enny Diah                                      Rekan and Enny Diah Awal dated 2 January 2026 and
   Awal pada tanggal 2 Januari 2026 dan 27 Desember                                        27 December 2024 using the Projected Unit Credit
   2024 dengan metode Projected Unit Credit.                                               method.

   Asumsi-asumsi yang              digunakan adalah sebagai                                The assumptions used are as follows:
   berikut:
                                 DPBMS                           DPBMD                          DPBMT                          DPBME

                                   6,25%                         6,30%                           6,25%                          6,40%
   Tingkat diskonto     (2024: 6,90%; 2023: 6,70%)     (2024: 6,90%; 2023: 6,70%)     (2024: 6,90%; 2023: 6,70%)     (2024: 6,90%; 2023: 6,70%)               Discount rate

   Tingkat
    pengembalian                                                                                                                                           Expected rate of
    aset dana pensiun                                                                                                                                  return on pension
    yang diharapkan                8%                              8%                             8%                             8%                          plan assets

   Masa kerja yang           Per 31 Juli 1999/               Per 31 Juli 1999/              Per 31 Juli 1999/              Per 31 Juli 1999/               Working period
   digunakan                As of 31 July 1999              As of 31 July 1999             As of 31 July 1999             As of 31 July 1999                      used

                                                                                        (Gaji Pokok + Tunjangan
                                                                                         Keluarga) x Tunjangan
                                                                                        kemahalan cabang yang
                                                                                          terdaftar pada tanggal
                                                          Gaji Pokok + Tunjangan         31 Juli 1999 yang telah
                         Gaji Pokok x Indeks yang       lainnya yang terdaftar pada            disesuaikan
                           terdaftar pada tanggal        tanggal 31 Juli 1999 yang             pada tanggal           Gaji Dasar yang terdaftar
                          31 Juli 1999 yang telah             telah disesuaikan            31 Desember 2002/          pada tanggal 31 Juli 1999
                         disesuaikan pada tanggal                pada tanggal            (Basic Salary + Family         yang telah disesuaikan
                            31 Desember 2002/               31 Desember 2002/            Allowance) x Expensive              pada tanggal
                            Basic Salary x Index            Basic Salary + Other         allowance for branches          31 Desember 2002/
   Penghasilan Dasar    registered on 31 July 1999,       Benefits registered on 31    registered on 31 July 1999,    Basic Salary registered on             Pensionable
    Pensiun (PhDP)          which adjusted on 31       July 1999, which adjusted on        which adjusted on 31      31 July 1999, which adjusted               salary
    yang digunakan            December 2002                  31 December 2002                December 2002              on 31 December 2002                (PhDP) used




                                                                             378
Page 1393
                                                                                                                                The original consolidated financial statements
                                                                                                                              included herein are in the Indonesian language.

           PT BANK MANDIRI (PERSERO) Tbk                                                                             PT BANK MANDIRI (PERSERO) Tbk
               DAN ENTITAS ANAKNYA                                                                                         AND ITS SUBSIDIARIES
         CATATAN ATAS LAPORAN KEUANGAN                                                                                NOTES TO THE CONSOLIDATED
                    KONSOLIDASIAN                                                                                         FINANCIAL STATEMENTS
          Tanggal 31 Desember 2025 dan untuk                                                                           As of 31 December 2025 and for
         Tahun Berakhir pada Tanggal Tersebut                                                                             for the Year Then Ended
            (Disajikan dalam jutaan Rupiah,                                                                           (Expressed in millions of Rupiah,
                kecuali dinyatakan lain)                                                                                  unless otherwise stated)

51. DANA PENSIUN DAN PESANGON (lanjutan)                                                        51. PENSION PLAN AND SEVERANCE PAY (continued)

   Dana pensiun (lanjutan)                                                                            Pension plan (continued)

   Asumsi-asumsi yang                     digunakan adalah sebagai                                    The assumptions used are as follows: (continued)
   berikut: (lanjutan)
                                        DPBMS                            DPBMD                               DPBMT                           DPBME

   Tingkat kenaikan                                                                                                                                                    Expected rates of
    PhDP                                Nihil/Nil                         Nihil/Nil                           Nihil/Nil                      Nihil/Nil                 PhDP increase

   Tabel tingkat
    kematian                      80% UN 2010 Male                 80% UN 2010 Male                  80% UN 2010 Male                  80% UN 2010 Male               Mortality rate table

                               Usia 42 - UPN = 9,00%           Usia 42 - UPN = 9,00% turun        Usia 42 - UPN = 9,00%           Usia 42 - UPN = 9,00% turun
                               turun linear s.d. 0,00%/              linear s.d. 0,00%/           turun linear s.d. 0,00%/              linear s.d. 0,00%/
                             Age 42 - Normal Retirement        Age 42 - Normal Retirement       Age 42 - Normal Retirement        Age 42 - Normal Retirement
   Tingkat                    Age = 9.00% decreasing             Age = 9.00% decreasing          Age = 9.00% decreasing             Age = 9.00% decreasing
    pengunduran diri             linearly up to 0.00%              linearly up to 0.00%             linearly up to 0.00%              linearly up to 0.00%                 Turnover rate

                             10,00% dari tingkat mortalita/    10,00% dari tingkat mortalita/   10,00% dari tingkat mortalita/    10,00% dari tingkat mortalita/
   Tingkat kecacatan           10.00% of mortality rate          10.00% of mortality rate         10.00% of mortality rate          10.00% of mortality rate               Disability rate

   Metode aktuaria               Projected Unit Credit             Projected Unit Credit             Projected Unit Credit            Projected Unit Credit             Actuarial method

                             48 tahun sampai dengan 56
                                  tahun disesuaikan
                                 berdasarkan strata/                 56 tahun untuk                   56 tahun untuk                     56 tahun untuk
   Usia pensiun                 48 years old to 56 years              semua strata/                    semua strata/                      semua strata/            Normal retirement age
   normal (“UPN”)              depending on the Grades          56 years old for all Grades      56 years old for all Grades        56 years old for all Grades                (“UPN”)

   Tingkat                                                                                                                                                              Expected rate of
    kenaikan manfaat                                                                                                                  4,00% per dua tahun/             pension benefit
    pensiun                             Nihil/Nil                         Nihil/Nil                        Nihil/Nil                   4.00% per two years                   increase
                                 Tarif pajak progresif             Tarif pajak progresif            Tarif pajak progresif              Tarif pajak progresif
                               berdasarkan UU RI No.7            berdasarkan UU RI No.7           berdasarkan UU RI No.7             berdasarkan UU RI No.7
   Tarif pajak rata-rata     tahun 2021/ Progressive tax       tahun 2021/ Progressive tax      tahun 2021/ Progressive tax        tahun 2021/ Progressive tax          Average tax rates
                              rate based on UU RI No.7          rate based on UU RI No.7         rate based on UU RI No.7           rate based on UU RI No.7


   Estimasi nilai kini liabilitas manfaat pensiun dan nilai                                           Estimated present value of the pension benefit obligations
   wajar aset bersih sebagai berikut:                                                                 and net fair value of plan assets are as follows:

                                                                              31 Desember 2025/31 December 2025

                                                              DPBMS                   DPBMD                 DPBMT                  DPBME

   Nilai kini liabilitas                                                                                                                                 Present value of the pension
     manfaat pensiun                                          (1.068.137)             (1.174.117)                (485.739)            (389.905)                   benefit obligation
   Nilai wajar aset program                                    1.147.223                1.230.290                 528.391              550.610               Fair value of plan assets

   Funded status                                                  79.086                  56.173                    42.652             160.705                           Funded status
   Batas aset (asset ceiling)*)                                  (79.086)                (56.173)                  (42.652)           (160.705)                          Asset ceiling*)
   Aset program manfaat                                                                                                                                       Pension plan program
     pensiun yang diakui                                                                                                                                    assets recognised in
     di laporan posisi                                                                                                                                    consolidated statement
     keuangan konsolidasian**)                                            -                      -                        -                    -           of financial position **)


                                                                              31 Desember 2024/31 December 2024

                                                              DPBMS                   DPBMD                 DPBMT                  DPBME

   Nilai kini liabilitas                                                                                                                                 Present value of the pension
     manfaat pensiun                                          (1.100.298)             (1.222.283)                (499.913)            (396.228)                   benefit obligation
   Nilai wajar aset program                                    1.241.448               1.314.881                  535.363              561.143               Fair value of plan assets

   Funded status                                                 141.150                  92.598                    35.450             164.915                           Funded status
   Batas aset (asset ceiling)*)                                 (141.150)                (92.598                   (35.450)           (164.915)                          Asset ceiling*)
   Aset program manfaat                                                                                                                                       Pension plan program
    pensiun yang diakui                                                                                                                                     assets recognised in
    di laporan posisi                                                                                                                                     consolidated statement
    keuangan konsolidasian**)                                             -                      -                        -                    -           of financial position **)


   *)                                                                                                 *)
         Tidak terdapat akumulasi kerugian aktuarial bersih dan biaya jasa lalu yang                        There are no unrealised accumulated actuarial loss-net nor unrealised past
         belum diakui serta tidak terdapat nilai kini dari manfaat ekonomis yang tersedia                   service cost and there are no present value of available future refunds or
         dalam bentuk pengembalian dana dari program atau pengurangan iuran masa                            reductions of future contributions.
         depan.
   **)                                                                                                **)
         Tidak ada aset yang diakui di laporan posisi keuangan konsolidasian karena                         There are no plan assets recognised in the consolidated statement of financial
         ketentuan yang disyaratkan dalam PSAK 219 “Imbalan Kerja” tidak terpenuhi.                         position because the requirements under SFAS 219 “Employee Benefits” are not
                                                                                                            fulfilled.




                                                                                        379
Page 1394
                                                                                       The original consolidated financial statements
                                                                                     included herein are in the Indonesian language.

       PT BANK MANDIRI (PERSERO) Tbk                                       PT BANK MANDIRI (PERSERO) Tbk
           DAN ENTITAS ANAKNYA                                                   AND ITS SUBSIDIARIES
     CATATAN ATAS LAPORAN KEUANGAN                                          NOTES TO THE CONSOLIDATED
                KONSOLIDASIAN                                                   FINANCIAL STATEMENTS
      Tanggal 31 Desember 2025 dan untuk                                     As of 31 December 2025 and for
     Tahun Berakhir pada Tanggal Tersebut                                       for the Year Then Ended
        (Disajikan dalam jutaan Rupiah,                                     (Expressed in millions of Rupiah,
            kecuali dinyatakan lain)                                            unless otherwise stated)

51. DANA PENSIUN DAN PESANGON (lanjutan)                       51. PENSION PLAN AND SEVERANCE PAY (continued)

   Dana pensiun (lanjutan)                                        Pension plan (continued)

       Komposisi aset program dari masing-masing dana             The composition of plan assets from Pension Fund:
       pensiun:

                                                  31 Desember 2025/31 December 2025

                                      DPBMS            DPBMD           DPBMT             DPBME

       Deposito                             2%              10%                 0%             16%                      Time deposit
       Obligasi                            22%              36%                 3%             10%                             Bonds
       Penempatan langsung                 10%              18%                37%              4%                  Direct placement
       Tanah dan bangunan                  37%               3%                30%              0%                 Land and building
       Saham                                2%               1%                 0%              0%                            Shares
       Surat Berharga Negara               27%              31%                30%             65%                      Treasury bills
       Lain-lain                            0%               1%                 0%              5%                             Others

       Total                               100%            100%            100%               100%                              Total



                                                  31 Desember 2024/31 December 2024

                                      DPBMS            DPBMD           DPBMT             DPBME

       Deposito                             3%               8%                 0%             20%                      Time deposit
       Obligasi                            28%              35%                 9%             13%                             Bonds
       Penempatan langsung                  9%              17%                39%              5%                  Direct placement
       Tanah dan bangunan                  34%               5%                32%              0%                 Land and building
       Saham                                2%               1%                 0%              0%                            Shares
       Surat Berharga Negara               24%              30%                20%             62%                      Treasury bills
       Lain-lain                            0%               4%                 0%              0%                             Others

       Total                               100%            100%            100%               100%                              Total



   Undang-undang di Bidang Ketenagakerjaan dan                    Labor Law and Bank Mandiri Collective Labor
   Perjanjian Kerja Bersama Bank Mandiri                          Agreement

   Bank Mandiri telah menerapkan kebijakan akuntansi              Bank Mandiri has implemented an accounting policy for
   imbalan kerja PSAK 219 dengan mengakui cadangan                employment benefits SFAS 219 to recognise provision
   atas tunjangan masa kerja pegawai (employee service            for employee service entitlements. Bank Mandiri
   entitlements). Bank Mandiri mengakui cadangan atas             recognizes provisions for employee long service benefits
   tunjangan masa kerja pegawai berdasarkan Undang-               based on the Employment Law and and Bank Mandiri
   undang di Bidang Ketenagakerjaan dan Perjanjian                Collective Labor Agreements for the period and year
   Kerja Bersama Bank Mandiri untuk tahun yang                    ended 31 December 2025 and 2024 amounted to
   berakhir pada tanggal 31 Desember 2025 dan                     Rp3.953.341 and Rp3,395,987, respectively (including
   2024 masing-masing sejumlah Rp3.953.341 dan                    compensation benefits of Rp8,240 for resigned
   Rp3.395.987 (termasuk Rp8.240 yang merupakan                   employees which have not yet been paid and excluded
   pesangon atas pegawai yang sudah berhenti tetapi               from actuarial calculation), respectively, based on the
   belum dibayarkan dan telah dikeluarkan dari                    estimated post employment benefit in the independent
   perhitungan aktuarial) berdasarkan perkiraan biaya             actuarial reports (Note 34).
   uang penghargaan pegawai sebagaimana tercantum
   dalam laporan aktuaria independen (Catatan 34).

   Penyisihan atas tunjangan masa kerja pegawai pada              Provision for employee service entitlements as of
   tanggal 31 Desember 2025 dan 31 Desember 2024                  31 December 2025 and 31 December 2024 are
   dihitung berdasarkan perhitungan hak masa kerja                estimated using the employees service entitlements
   pegawai untuk tahun yang berakhir pada tanggal                 calculation for the year ended. The assumptions used by
   tersebut. Asumsi-asumsi yang digunakan oleh aktuaria           the actuary are as follows:
   adalah sebagai berikut:
   a. Tingkat diskonto: 6,30% (2024: 7,10%) per tahun.            a.    Discount rate: 6.30% (2024: 7.10%) per annum.
   b. Tingkat kenaikan gaji: 8,00%.                               b.    Salary increase rate: 8.00%.
   c. Tabel tingkat kematian yang digunakan Tabel                 c.    Mortality rate table used is Indonesia Mortality 2019.
        Mortalita Indonesia Tahun 2019.



                                                         380
Page 1395
                                                                                    The original consolidated financial statements
                                                                                  included herein are in the Indonesian language.

          PT BANK MANDIRI (PERSERO) Tbk                                    PT BANK MANDIRI (PERSERO) Tbk
              DAN ENTITAS ANAKNYA                                                AND ITS SUBSIDIARIES
        CATATAN ATAS LAPORAN KEUANGAN                                       NOTES TO THE CONSOLIDATED
                   KONSOLIDASIAN                                                FINANCIAL STATEMENTS
         Tanggal 31 Desember 2025 dan untuk                                  As of 31 December 2025 and for
        Tahun Berakhir pada Tanggal Tersebut                                    for the Year Then Ended
           (Disajikan dalam jutaan Rupiah,                                  (Expressed in millions of Rupiah,
               kecuali dinyatakan lain)                                         unless otherwise stated)

51. DANA PENSIUN DAN PESANGON (lanjutan)                       51. PENSION PLAN AND SEVERANCE PAY (continued)

   Dana pensiun (lanjutan)                                         Pension plan (continued)
   Undang-undang di Bidang Ketenagakerjaan dan                     Labor Law and Bank Mandiri Collective Labor
   Perjanjian Kerja Bersama Bank Mandiri (lanjutan)                Agreement (continued)
   Asumsi-asumsi yang digunakan oleh aktuaria adalah               The assumptions used by the actuary are as follows:
   sebagai berikut: (lanjutan)                                     (continued)
   d. Tingkat pengunduran diri: Usia 23 - 29 = 8,50%,              d. Turnover rate: Age 23 - 29 = 8.50%, Age 30 -
       Usia 30 - UPN = 3,50% turun linear s.d. 0,00%.                  Normal Retirement Age = 3.50% decreasing linearly
                                                                       up to 0.00%.
   e.    Metode aktuaria adalah projected unit credit              e. Actuarial method is projected unit credit method.
         method.
   f.    Usia pensiun normal berkisar antara 36 tahun              f.   Normal retirement age between 36 to 56 years
         sampai    dengan    56   tahun    disesuaikan                  according to the grades.
         berdasarkan strata.
   g.    Tingkat kecacatan 10,00% dari kemungkinan                 g.   Disability rate is 10.00% of death probability at each
         orang meninggal pada masing-masing usia.                       age.

   Jumlah yang diakui pada laporan posisi keuangan                 The amounts recognised in the statement of financial
   ditentukan berdasarkan laporan aktuaria independen              position are determined based on independent actuarial
   sebagai berikut (Bank Mandiri saja):                            report as follows (Bank Mandiri only):

                                            31 Desember 2025/     31 Desember 2024/
                                            31 December 2025      31 December 2024

   Cadangan atas tunjangan masa kerja                                                            Provision for post employment
     pegawai yang diakui di laporan                                                           benefits presented in statement
     posisi keuangan                                  2.661.825             2.209.448                     of financial position


   Mutasi nilai kini kewajiban pasti selama tahun berjalan         The movement in present value of obligation over the
   adalah sebagai berikut (Bank Mandiri saja):                     year is as follows (Bank Mandiri only):

                                            31 Desember 2025/     31 Desember 2024/
                                            31 December 2025      31 December 2024

   Nilai kini kewajiban pada awal                                                           Beginning balance of present value
      tahun                                          2.209.448              2.066.274                         of obligation
   Biaya bunga                                         169.425                129.194                               Interest fee
   Biaya jasa kini                                     163.757                194.104                     Current service cost
   Biaya pesangon                                       93.380                160.281                     Severance payment
   (Keuntungan)/kerugian aktuarial                     318.797                 (7.710)                  Actuarial (gain)/losses
   Pembayaran imbalan pasca-kerja                    (141.004)               (332.695)                             Benefit paid
   Biaya jasa lalu                                   (151.978)                      -                       Past service cost

   Nilai kini kewajiban pada akhir                                                                  Ending balance of present
     tahun                                           2.661.825              2.209.448                  value of obligation


   Jumlah yang diakui pada laporan laba rugi dan                   The amounts recognised in the statement of profit or loss
   penghasilan komprehensif lain berdasarkan laporan               and other comprehensive income based on independent
   aktuaria independen adalah sebagai berikut (Bank                actuarial report are as follows (Bank Mandiri only):
   Mandiri saja):

   Laba Rugi                                                                                                    Profit or Loss

                                            31 Desember 2025/     31 Desember 2024/
                                            31 December 2025      31 December 2024

   Biaya jasa kini                                      257.137              354.385                        Current service cost
   Biaya bunga                                          169.425              129.194                               Interest cost
   Biaya jasa lalu                                    (151.978)                    -                          Past service cost

   Biaya uang penghargaan pegawai                      274.584               483.579                 Cost of pension benefits



                                                         381
Page 1396
                                                                                                                      The original consolidated financial statements
                                                                                                                    included herein are in the Indonesian language.

           PT BANK MANDIRI (PERSERO) Tbk                                                                  PT BANK MANDIRI (PERSERO) Tbk
               DAN ENTITAS ANAKNYA                                                                              AND ITS SUBSIDIARIES
         CATATAN ATAS LAPORAN KEUANGAN                                                                     NOTES TO THE CONSOLIDATED
                    KONSOLIDASIAN                                                                              FINANCIAL STATEMENTS
          Tanggal 31 Desember 2025 dan untuk                                                                As of 31 December 2025 and for
         Tahun Berakhir pada Tanggal Tersebut                                                                  for the Year Then Ended
            (Disajikan dalam jutaan Rupiah,                                                                (Expressed in millions of Rupiah,
                kecuali dinyatakan lain)                                                                       unless otherwise stated)

51. DANA PENSIUN DAN PESANGON (lanjutan)                                            51. PENSION PLAN AND SEVERANCE PAY (continued)

   Dana pensiun (lanjutan)                                                                   Pension plan (continued)

   Undang-undang di Bidang Ketenagakerjaan dan                                               Labor Law and Bank Mandiri Collective Labor
   Perjanjian Kerja Bersama Bank Mandiri (lanjutan)                                          Agreement (continued)

   Penghasilan Komprehensif Lain                                                            Other Comprehensive Income

                                                             31 Desember 2025/              31 Desember 2024/
                                                             31 December 2025               31 December 2024

  Asumsi keuangan                                                                                                                              Financial assumptions
    (perubahan asumsi)                                                     187.070                           (15.750)                     (change in assumptions)
  Penyesuaian pengalaman                                                                                                                       Experience adjustment
    (demografi dan keuangan)                                               131.727                               8.040                (demographics and finances)

  Keuntungan aktuarial yang diakui                                                                                                        Actuarial gains recognised
    pada penghasilan                                                                                                                     in other comprehensive
    komprehensif lain                                                      318.797                               (7.710)                                  income


   Rekonsiliasi cadangan atas tunjangan masa kerja                                           Reconciliations of provision for post employment benefits
   pegawai adalah sebagai berikut:                                                           are as follows:

                                                             31 Desember 2025/              31 Desember 2024/
                                                             31 December 2025               31 December 2024

  Bank Mandiri                                                                                                                                          Bank Mandiri
  Cadangan atas tunjangan masa kerja                                                                                                 Beginning balance of provision for
     pegawai awal tahun                                                  2.209.448                        2.066.274                       post employment benefits
  Biaya selama tahun berjalan                                              274.584                          483.579                          Expenses during the year
  Keuntungan aktuarial yang diakui pada                                                                                                Recognition of actuarial gain in
     penghasilan komprehensif lain                                          318.797                          (7.710)                   other comprehensive income
  Pembayaran manfaat                                                       (141.004)                       (332.695)                           Payments of benefits

  Cadangan atas tunjangan                                                                                                            Ending balance of provision for
    masa kerja pegawai akhir tahun                                                                                                     post employment benefits
    (Bank Mandiri saja)                                                  2.661.825                        2.209.448                           (Bank Mandiri only)

  Entitas Anak                                                                                                                                          Subsidiaries
  Cadangan atas tunjangan masa                                                                                                        Provision for post employment
    kerja pegawai                                                        1.283.276                        1.178.299                                       benefits
  Total cadangan atas tunjangan masa                                                                                                   Total provision for post
    kerja pegawai (Catatan 34)                                           3.945.101*)                      3.387.747*)           employment benefits (Note 34)


   *)                                                                                        *)
        Pada tanggal 31 Desember 2025 dan 2024, jumlah tersebut tidak termasuk                    As of 31 December 2025 and 2024, the amount does not include unpaid
        pesangon atas pegawai yang telah berhenti tetapi belum dibayarkan sebesar                 severance for resigned employees which have not yet been paid amounted to
        Rp8.240 yang telah dikeluarkan dari perhitungan aktuarial.                                Rp8,240, which was excluded from actuarial calculation.


   Nilai kini liabilitas yang didanai, nilai wajar aset program                             The present value of funded benefit obligations, fair
   dan surplus pada program untuk lima tahun terakhir                                       value of plan assets and the surplus on the program for
   yaitu (Bank Mandiri saja):                                                               the last five years, which are (Bank Mandiri only):
                                                                         31 Desember/
                                                                         31 December

                                        2025               2024              2023                  2022                  2021

   Nilai kini kewajiban                                                                                                                           Present value of defined
      imbalan pasti                     2.661.825          2.209.448         2.066.274              1.879.403            1.920.311                     benefit obligations
   Nilai wajar aset program                     -                  -                 -                      -                    -                Fair value of plan assets

   Defisit program                      2.661.825          2.209.448         2.066.274              1.879.403            1.920.311                         Deficit the plan
   Penyesuaian pengalaman                                                                                                                         Experience adjustments
     pada liabilitas program             (131.727)             (8.040)         139.790                114.748              309.589                      on plan liabilities

   Penyesuaian pengalaman                                                                                                                        Experience adjustments
     pada aset program                            -                 -                   -                    -                   -                   on asset program


                                                                              382
Page 1397
                                                                                    The original consolidated financial statements
                                                                                  included herein are in the Indonesian language.

          PT BANK MANDIRI (PERSERO) Tbk                                     PT BANK MANDIRI (PERSERO) Tbk
              DAN ENTITAS ANAKNYA                                                 AND ITS SUBSIDIARIES
        CATATAN ATAS LAPORAN KEUANGAN                                        NOTES TO THE CONSOLIDATED
                   KONSOLIDASIAN                                                 FINANCIAL STATEMENTS
         Tanggal 31 Desember 2025 dan untuk                                   As of 31 December 2025 and for
        Tahun Berakhir pada Tanggal Tersebut                                     for the Year Then Ended
           (Disajikan dalam jutaan Rupiah,                                   (Expressed in millions of Rupiah,
               kecuali dinyatakan lain)                                          unless otherwise stated)

51. DANA PENSIUN DAN PESANGON (lanjutan)                       51. PENSION PLAN AND SEVERANCE PAY (continued)

   Apresiasi Pensiun                                                Pension Appreciation

   Bank Mandiri memberikan program apresiasi pensiun                Bank Mandiri provides pension appreciation programs to
   kepada pegawai yang memasuki usia pensiun normal                 employees who enter normal retirement age (age 56).
   (56 tahun). Program ini berlaku bagi pegawai yang                This program is eligible for employees who have entered
   telah memasuki masa kerja 10 tahun. Nilai kini                   their ten years of service period. The present value for
   kewajiban untuk cadangan atas program apresiasi                  provision of pension appreciation program as of
   pensiun pada tanggal 31 Desember 2025 dan 2024                   31 December 2025 and 2024 based on an actuarial
   berdasarkan perhitungan aktuaria sebesar Rp64.964                calculation amounted to Rp64.964 and Rp99,188,
   dan Rp99.188 (Catatan 34).                                       respectively (Note 34).

   Asumsi-asumsi yang digunakan adalah sebagai                      The assumptions used are as follows:
   berikut:
   a. Tingkat diskonto: 5,70% (2024: 7,10%)                         a.   Discount rate: 5.70% (2024: 7.10%)
   b. Harga emas: Rp2.478.559 (2024: Rp1.514.000)                   b.   Gold price: Rp2,478,559 (2024: Rp1,514,000) (full
        (nilai penuh).                                                   amount).
   c. Tingkat kenaikan harga emas: 6,00%.                           c.   Increment rate of gold price: 6.00%.
   d. Tabel tingkat kematian yang digunakan Tabel                   d.   Mortality rate table used is Indonesia Mortality
        Mortalita Indonesia Tahun 2019.                                  2019.
   e. Tingkat kecacatan 10% dari kemungkinan orang                  e.   Disability rate is 10% of death probability at each
        meninggal pada masing-masing usia.                               age.
   f. Tingkat pengunduran diri: Usia 23 - 29 = 8,50%                f.   Turnover rate: Age 23 - 29 = 8.50% Age 30 - Normal
        Usia 30 - UPN = 3,50% turun linear s.d. 0,00%.                   Retirement Age = 3.50% decreasing linearly up to
                                                                         0.00%.
   g.    Usia pensiun normal yaitu ketika pekerja                   g.   Normal retirement age is until age of 56 years.
         mencapai usia 56 tahun.
   h.    Metode aktuaria adalah projected unit credit               h.   Actuarial method used is projected unit credit
         method.                                                         method.

   Mutasi nilai kini kewajiban pasti selama tahun berjalan          The movement in present value of obligation over the
   adalah sebagai berikut (Bank Mandiri saja):                      year is as follows (Bank Mandiri only):

                                            31 Desember 2025/      31 Desember 2024/
                                            31 December 2025       31 December 2024

                                                                                           Beginning balance of present value
  Nilai kini kewajiban pada awal tahun                  99.188                 83.508                         of obligation
  Biaya selama tahun berjalan                           10.965                 17.990               Expenses during the year
  Pembayaran manfaat                                    (8.767)                (7.886)                             Benefit paid
  Biaya jasa lalu                                       (1.251)                     -                        Past service cost
  Kerugian aktuarial yang diakui pada                                                           Actuarial losses through other
     penghasilan komprehensif lain                     (35.171)                 5.576              comprehensive income
  Nilai kini kewajiban pada akhir                                                           Ending balance of present value
    tahun (Catatan 34)                                  64.964                 99.188            of obligation (Note 34)


   Jumlah yang diakui pada laporan laba rugi dan                    The amounts recognised in the statement of profit or loss
   penghasilan komprehensif lain berdasarkan laporan                and other comprehensive income based on independent
   aktuaria independen adalah sebagai berikut (Bank                 actuarial report are as follows (Bank Mandiri only):
   Mandiri saja):

   Laba Rugi                                                        Profit or Loss

                                            31 Desember 2025/      31 Desember 2024/
                                            31 December 2025       31 December 2024

  Biaya jasa kini                                         2.661                12.500                       Current service cost
  Biaya bunga                                             8.304                 5.490                              Interest cost
  Biaya jasa lalu                                        (1.251)                    -                         Past service cost

  Biaya apresiasi pensiun                                9.714                 17.990            Cost of pension appreciation



                                                         383
Page 1398
                                                                                                     The original consolidated financial statements
                                                                                                   included herein are in the Indonesian language.

         PT BANK MANDIRI (PERSERO) Tbk                                                      PT BANK MANDIRI (PERSERO) Tbk
             DAN ENTITAS ANAKNYA                                                                  AND ITS SUBSIDIARIES
       CATATAN ATAS LAPORAN KEUANGAN                                                         NOTES TO THE CONSOLIDATED
                  KONSOLIDASIAN                                                                  FINANCIAL STATEMENTS
        Tanggal 31 Desember 2025 dan untuk                                                    As of 31 December 2025 and for
       Tahun Berakhir pada Tanggal Tersebut                                                      for the Year Then Ended
          (Disajikan dalam jutaan Rupiah,                                                    (Expressed in millions of Rupiah,
              kecuali dinyatakan lain)                                                           unless otherwise stated)

51. DANA PENSIUN DAN PESANGON (lanjutan)                                     51. PENSION PLAN AND SEVERANCE PAY (continued)

   Apresiasi Pensiun (lanjutan)                                                 Pension Appreciation (continued)

   Penghasilan Komprehensif Lain                                                                                  Other Comprehensive Income

                                                     31 Desember 2025/         31 Desember 2024/
                                                     31 December 2025          31 December 2024

  Asumsi keuangan                                                                                                             Financial assumptions
    (perubahan asumsi)                                             (4.321)                   (11.180)                   (change in assumptions)
  Penyesuaian pengalaman                                                                                                      Experience adjustment
    (demografi dan keuangan)                                      (30.850)                     16.756               (demographics and finances)

  Kerugian aktuarial yang diakui                                                                                           Actuarial losses recognised
    pada penghasilan                                                                                                       in other comprehensive
    komprehensif lain                                             (35.171)                      5.576                                       income


   Rekonsiliasi PVDBO (Bank Mandiri saja):                                      Reconciliation of PVDBO (Bank Mandiri only):

                                                        31 Desember 2025/31 December 2025
                                                                                                             Apresiasi
                                                                                             UUK TK           Pensiun/
                                                                                             dan/and          Pension
                                 DPBMS          DPBMD         DPBMT           DPBME         PKB BMRI        appreciation

  PVDBO pada awal tahun           1.100.298      1.222.284       499.913        396.228        2.209.448          99.188         Beginning balances of PVDBO
  Biaya jasa kini                         -              -             -              -          163.757            2.661                   Current service cost
  Biaya jasa lalu                         -              -             -              -        (151.978)          (1.251)                      Past service cost
  Biaya bunga atas PVDBO             70.662         78.649        32.301         25.633          169.425            8.304               Interest cost of PVDBO
  Biaya pesangon                            -            -             -                -         93.380                -                        Severance pay
  Pembayaran imbalan dari                                                                                                                Benefit payments from
     aset program                 (152.424)      (164.876)       (63.553)       (49.464)       (141.004)           (8.767)                       plan assets
  Keuntungan)/kerugian                                                                                                                 Actuarial (gain)/losses
     aktuarial dari PVDBO:                                                                                                                    from PVDBO:
  Kerugian atau perubahan                                                                                                                  Losses on change of
     asumsi demografis                     -             -              -              -                -                  -               In demographics)
  (Keuntungan)/kerugian atas                                                                                                        (Gain)/losses on change of
     perubahan asumsi ekonomis       42.139        44.785         19.837         14.142         187.070           (4.321)          assumption in economic
  (Keuntungan)/Kerugian atas
     penyesuaian pengalaman                                                                                                        (Gain)/losses on experience
     (experience adjustment)          7.462        (6.725)        (2.759)         3.366         131.727          (30.850)                        adjustment


  PVDBO pada akhir tahun          1.068.137      1.174.117       485.739        389.905        2.661.825           64.964         Ending balances of PVDBO


                                                        31 Desember 2024/31 December 2024
                                                                                                             Apresiasi
                                                                                             UUK TK           Pensiun/
                                                                                             dan/and          Pension
                                 DPBMS          DPBMD         DPBMT           DPBME         PKB BMRI        appreciation

  Saldo awal PVDBO                1.252.727      1.383.448       570.853        439.812        2.066.274           83.508        Beginning balances of PVDBO
  Biaya jasa kini                         -              -             -              -          194.104           12.500                   Current service cost
  Biaya bunga atas PVDBO             78.253         86.844        35.890         27.434          129.194            5.490               Interest cost of PVDBO
  Biaya pesangon                          -              -             -              -          160.281                                         Severance pay
  Pembayaran imbalan dari                                                                                                                Benefit payments from
     aset program                  (169.523)      (174.526)       (70.366)      (60.683)        (332.695)          (7.886)                       plan assets
  (Keuntungan)/kerugian                                                                                                                Actuarial (gain)/losses
     aktuarial dari PVDBO:                                                                                                                    from PVDBO:
  Kerugian atau perubahan                                                                                                                  Losses on change of
     asumsi demografis                    9              1              4             1            1.523                   -               In demographics)
  Keuntungan atas                                                                                                                             Gain on change of
     perubahan asumsi ekonomis     (13.831)        (16.466)        (6.516)       (5.936)         (15.750)         (11.180)         assumption in economic
  (Keuntungan)/Kerugian atas
     penyesuaian pengalaman                                                                                                        (Gain)/losses on experience
     (experience adjustment)        (47.337)       (57.017)       (29.952)       (4.400)           6.517           16.756                        adjustment

  Saldo akhir PVDBO               1.100.298      1.222.284       499.913        396.228        2.209.448           99.188         Ending balances of PVDBO




                                                                      384
Page 1399
                                                                                                         The original consolidated financial statements
                                                                                                       included herein are in the Indonesian language.

          PT BANK MANDIRI (PERSERO) Tbk                                                      PT BANK MANDIRI (PERSERO) Tbk
              DAN ENTITAS ANAKNYA                                                                  AND ITS SUBSIDIARIES
        CATATAN ATAS LAPORAN KEUANGAN                                                         NOTES TO THE CONSOLIDATED
                   KONSOLIDASIAN                                                                  FINANCIAL STATEMENTS
         Tanggal 31 Desember 2025 dan untuk                                                    As of 31 December 2025 and for
        Tahun Berakhir pada Tanggal Tersebut                                                      for the Year Then Ended
           (Disajikan dalam jutaan Rupiah,                                                    (Expressed in millions of Rupiah,
               kecuali dinyatakan lain)                                                           unless otherwise stated)

51. DANA PENSIUN DAN PESANGON (lanjutan)                                     51. PENSION PLAN AND SEVERANCE PAY (continued)

   Rekonsiliasi atas aset program (Bank Mandiri saja):                             Reconciliation of plan assets (Bank Mandiri only):

                                                              31 Desember 2025/31 December 2025

                                                DPBMS              DPBMD              DPBMT                    DPBME

  Nilai wajar aset program pada                                                                                                            Beginning fair value of
     awal tahun                                  1.241.448          1.314.881               535.363               561.143                           plan assets
  Pembayaran imbalan dari                                                                                                                  Benefit payments from
     aset program                                 (152.424)            (164.876)            (63.553)              (49.463)                          plan assets
  Pendapatan bunga atas                                                                                                                         Interest income in
     aset program                                  80.401               85.039               34.747                37.012                           plan assets
  Hasil aset program                                                                                                                        Result of plan assets
     (tidak termasuk pendapatan bunga)            (22.202)               (4.754)             21.834                 1.918            (exclude interest income)


  Nilai wajar aset program pada                                                                                                           Ending fair value plan
     akhir tahun                                 1.147.223          1.230.290               528.391               550.610                              assets


                                                              31 Desember 2024/31 December 2024

                                                DPBMS              DPBMD              DPBMT                    DPBME

  Nilai wajar aset program pada                                                                                                            Beginning fair value of
     awal tahun                                  1.295.271          1.404.869               583.862               586.699                           plan assets
  Pembayaran imbalan dari                                                                                                                  Benefit payments from
     aset program                                 (169.522)            (174.526)            (70.365)              (60.683)                          plan assets
  Pendapatan bunga atas                                                                                                                         Interest income in
     aset program                                  81.104               88.280               36.761                37.276                           plan assets
  Hasil aset program                                                                                                                        Result of plan assets
     (tidak termasuk pendapatan bunga)             34.595                (3.742)            (14.895)               (2.149)           (exclude interest income)


  Nilai wajar aset program pada                                                                                                           Ending fair value plan
     akhir tahun                                 1.241.448          1.314.881               535.363               561.143                              assets


   Mutasi penghasilan komprehensif lainnya:                                        Movements in other comprehensive income:

   Mutasi penghasilan komprehensif lainnya untuk Bank                              Movements in other comprehensive income for the Bank
   Mandiri adalah sebagai berikut:                                                 Mandiri only are as follows:

                                                        31 Desember 2025/31 December 2025

                                                                                                                Apresiasi
                                                                                               UUK TK            Pensiun/
                                                                                               dan/and           Pension
                                    DPBMS       DPBMD          DPBMT          DPBME           PKB BMRI         appreciation


  Akumulasi keuntungan/(kerugian)                                                                                                Accumulated of actuarial gains/(loss)
     aktuarial awal tahun                   -            -               -              -        1.877.301           (8.414)                   on beginning year
  Keuntungan/(kerugian) aktuarial                                                                                                             Actuarial gain/(loss) of
     tahun berjalan                         -            -               -              -        (318.797)          (35.171)                     the current year

  Akumulasi keuntungan/(kerugian)                                                                                                Accumulated actuarial gains/(loss)
    aktuarial akhir tahun                   -            -               -              -        1.558.504          (43.585)                  on ending year



                                                        31 Desember 2024/31 December 2024

                                                                                                                Apresiasi
                                                                                               UUK TK            Pensiun/
                                                                                               dan/and           Pension
                                    DPBMS       DPBMD          DPBMT          DPBME           PKB BMRI         appreciation


  Akumulasi keuntungan/(kerugian)                                                                                              Accumulated of actuarial gains/(loss)
     aktuarial awal tahun                   -            -               -              -        1.869.591             (2.839)               on beginning year
  Keuntungan/(kerugian) aktuarial                                                                                                           Actuarial gain/(loss) of
     tahun berjalan                         -            -               -              -              7.710           (5.575)                 the current year


  Akumulasi keuntungan/(kerugian)                                                                                                Accumulated actuarial gains/(loss)
    aktuarial akhir tahun                   -            -               -              -        1.877.301             (8.414)                on ending year




                                                                       385
Page 1400
                                                                                 The original consolidated financial statements
                                                                               included herein are in the Indonesian language.

        PT BANK MANDIRI (PERSERO) Tbk                                   PT BANK MANDIRI (PERSERO) Tbk
            DAN ENTITAS ANAKNYA                                               AND ITS SUBSIDIARIES
      CATATAN ATAS LAPORAN KEUANGAN                                      NOTES TO THE CONSOLIDATED
                 KONSOLIDASIAN                                               FINANCIAL STATEMENTS
       Tanggal 31 Desember 2025 dan untuk                                 As of 31 December 2025 and for
      Tahun Berakhir pada Tanggal Tersebut                                   for the Year Then Ended
         (Disajikan dalam jutaan Rupiah,                                 (Expressed in millions of Rupiah,
             kecuali dinyatakan lain)                                        unless otherwise stated)

51. DANA PENSIUN DAN PESANGON (lanjutan)                    51. PENSION PLAN AND SEVERANCE PAY (continued)

   Jatuh tempo dari manfaat pada tanggal 31 Desember            Employee benefits liabilities maturing on 31 December
   2025 adalah sebagai berikut untuk Undang-undang              2025 related to Labor Law are as follows:
   Ketenagakerjaan:

                                                31 Desember 2025/
                                                31 December 2025
   Tahun ke-1                                                 291.105                                               Year 1
   Tahun ke-2                                                 311.324                                               Year 2
   Tahun ke-3                                                 367.665                                               Year 3
   Tahun ke-4                                                 360.272                                               Year 4
   Tahun ke-5                                                 329.682                                               Year 5
   Tahun ke-6 dan seterusnya                                8.982.350                                     Year 6 and others
   Total                                                  10.642.398                                                  Total


   Rata-rata durasi kewajiban manfaat pasti adalah 6,8          The average duration of defined benefit obligations is
   tahun, dan kewajiban iuran pasti 6,9 tahun pada               6.8 years, and the fixed contribution obligations are 6.9
   tanggal 31 Desember 2025.                                    years as of 31 December 2025.

   Perhitungan aktuaria atas liabilitas manfaat pensiun         The actuarial calculation on pension benefits liability for
   untuk Bank saja pada tanggal 31 Desember 2025 dan            Bank only as of 31 December 2025 and 2024 were
   2024 didasarkan atas perhitungan aktuaria untuk              based on actuarial calculation for the year ended
   tahun yang berakhir pada tanggal 31 Desember 2025            31 December 2025 and 31 December 2024 as stated in
   dan 31 Desember 2024 yang tercantum pada laporan             the reports from the Actuarial Consulting Office Halim &
   dari Aktuaria Halim & Rekan dan Aktuaria Enny Diah           Rekan and Enny Diah Awal dated 2 January 2026 and
   Awal pada tanggal 2 Januari 2026 dan 27 Desember             27 December 2024 using the Projected Unit Credit
   2024 dengan metode Projected Unit Credit.                    method.

   Penyisihan atas tunjangan masa kerja pegawai pada            Provision for employee service entitlements of
   tanggal 31 Desember 2025 Entitas Anak telah dihitung         Subsidiaries as of 31 December 2025 were calculated
   oleh aktuaria independen sebagaimana tercantum               by an independent actuary as included in the
   dalam laporan aktuaria independen sebagai berikut:           independent actuarial report as follows:

            Nama Entitas Anak/                            Aktuaria independen/
           Name of Subsidiaries                           Independent actuary                                 2025

                                            Kantor Konsultan Aktuaria Steven & Mourits/                          5 Januari/
   PT Bank Syariah Indonesia Tbk             Steven & Mourits Actuarial Consultant Office                     January 2026
                                            Kantor Konsultan Aktuaria Steven & Mourits/                          5 Januari/
   PT Mandiri Sekuritas                      Steven & Mourits Actuarial Consultant Office                     January 2026
                                            Kantor Konsultan Aktuaria Nandi dan Sutama/                          2 Januari/
   PT Bank Mandiri Taspen                    Nandi and Sutama Actuarial Consultant Office                     January 2026
                                            Kantor Konsultan Aktuaria Steven & Mourits/                          2 Januari/
   PT Mandiri Tunas Finance                  Steven & Mourits Actuarial Consultant Office                     January 2026
                                            Kantor Konsultan Aktuaria Steven & Mourits/                          6 Januari/
   PT AXA Mandiri Financial Services         Steven & Mourits Actuarial Consultant Office                     January 2026
                                            Kantor Konsultan Aktuaria Bambang Sudrajad/                     31 Desember/
   PT Mandiri Utama Finance                  Bambang Sudrajad Actuarial Consultant Office                  December 2025




                                                      386
Page 1401
                                                                                   The original consolidated financial statements
                                                                                 included herein are in the Indonesian language.

        PT BANK MANDIRI (PERSERO) Tbk                                   PT BANK MANDIRI (PERSERO) Tbk
            DAN ENTITAS ANAKNYA                                               AND ITS SUBSIDIARIES
      CATATAN ATAS LAPORAN KEUANGAN                                      NOTES TO THE CONSOLIDATED
                 KONSOLIDASIAN                                               FINANCIAL STATEMENTS
       Tanggal 31 Desember 2025 dan untuk                                 As of 31 December 2025 and for
      Tahun Berakhir pada Tanggal Tersebut                                   for the Year Then Ended
         (Disajikan dalam jutaan Rupiah,                                 (Expressed in millions of Rupiah,
             kecuali dinyatakan lain)                                        unless otherwise stated)

51. DANA PENSIUN DAN PESANGON (lanjutan)                     51. PENSION PLAN AND SEVERANCE PAY (continued)

   Sensitivitas dari kewajiban imbalan pasti terhadap           The sensitivity of the defined benefit obligation to changes
   perubahan asumsi aktuaria adalah sebagai berikut             in actuarial assumptions are as follows (Bank Mandiri
   (Bank Mandiri saja) (tidak diaudit):                         only) (unaudited):

                                              31 Desember 2025/
                                              31 December 2025
   Perubahan asumsi:                                                                                 Changes of assumptions:
     Kenaikan 1% tingkat diskonto                        (2.475.575)                            1% increase in discount rate
     Penurunan 1% tingkat diskonto                        2.818.395                            1% decrease in discount rate

     Kenaikan 1% tingkat gaji                             2.974.850                               1% increase in salary rate
     Penurunan 1% tingkat gaji                           (2.371.254)                             1% decrease in salary rate

52. BEBAN OPERASIONAL LAINNYA - LAIN-LAIN -                  52. OTHER OPERATING EXPENSES - OTHERS - NET
    NETO

                                                  Tahun yang berakhir
                                               pada tanggal 31 Desember/
                                                Year ended 31 December
                                                2025                   2024

   Premi asuransi untuk program                                                             Insurance premiums on third party
       penjaminan dana nasabah                   3.842.673               3.301.573                funds guarantee program
   Beban provisi dan komisi                      3.090.316               1.222.846           Fees and commissions expenses
   Beban terkait dengan transaksi                                                               Fees related to credit card and
       ATM dan kartu kredit                      1.723.034                 954.291                         ATM transaction
   Iuran regulator                               1.073.393               1.087.973                                Regulator fee
   Beban unwinding polis                                                                                   Unwinding expense
       asuransi                                   122.384                          -                        insurance policy
   Beban transaksi RTGS, remittance                                                          Fees from RTGS, remittance and
       dan kliring                                103.592                     76.964                   clearing transactions
   Beban keanggotaan                               76.240                     65.249                           Membership fee
   Kompensasi tenaga pemasaran                                                                 Insurance marketing personnel
       asuransi                                         -                  147.776                             compensation
   Fee bancassurance                                    -                  120.472                         Bancassurance fee
   Komisi asuransi kelompok                             -                   99.868               Group insurance commisions
   Lain-lain                                      495.038                1.023.038                                       Others

                                                10.526.670               8.100.050


   Lain-lain terutama terdiri dari beban transaksi              Others mainly consist of securities trading transaction
   perdagangan efek dan beban administrasi bank.                expenses and bank administration expenses.

53. PENDAPATAN/(BEBAN) BUKAN OPERASIONAL -                   53. NON-OPERATING (EXPENSE)/INCOME - NET
    NETO

                                                  Tahun yang berakhir
                                               pada tanggal 31 Desember/
                                                Year ended 31 December

                                                2025                   2024

  Laba atas penjualan aset tetap                    2.277                   2.835                  Gain on sale of fixed assets
  Lain-lain - neto                                104.547                 341.056                                  Others - net

  Neto                                            106.824                 343.891                                          Net




                                                       387
Page 1402
                                                                                                                The original consolidated financial statements
                                                                                                              included herein are in the Indonesian language.

            PT BANK MANDIRI (PERSERO) Tbk                                                            PT BANK MANDIRI (PERSERO) Tbk
                DAN ENTITAS ANAKNYA                                                                        AND ITS SUBSIDIARIES
          CATATAN ATAS LAPORAN KEUANGAN                                                               NOTES TO THE CONSOLIDATED
                     KONSOLIDASIAN                                                                        FINANCIAL STATEMENTS
           Tanggal 31 Desember 2025 dan untuk                                                          As of 31 December 2025 and for
          Tahun Berakhir pada Tanggal Tersebut                                                            for the Year Then Ended
             (Disajikan dalam jutaan Rupiah,                                                          (Expressed in millions of Rupiah,
                 kecuali dinyatakan lain)                                                                 unless otherwise stated)

54. KOMITMEN DAN KONTINJENSI                                                           54. COMMITMENTS AND CONTINGENCIES

   Akun-akun di bawah ini merupakan akun yang dicatat                                     The following accounts represent accounts which are
   di laporan posisi keuangan konsolidasian ekstra-                                       recorded on off-balance sheet:
   komtabel (off balance sheet):

                                                               31 Desember 2025/         31 Desember 2024/
                                                               31 December 2025          31 December 2024

  KOMITMEN                                                                                                                                     COMMITMENTS
  Liabilitas komitmen:                                                                                                                     Commitment payables:
     Fasilitas kredit yang diberikan
        yang belum digunakan*)                                                                                                          Unused loan facilities*)
        Pihak berelasi (Catatan 56)                                    (128.582.195)             (107.740.421)                     Related parties (Note 56)
        Pihak ketiga                                                   (155.385.582)             (159.489.452)                                  Third parties

                                                                       (283.967.777)             (267.229.873)

        Letter of credit yang tidak dapat
          dibatalkan yang masih                                                                                                         Outstanding irrevocable
          berjalan (Catatan 31):                                                                                                    letter of credit (Note 31):
          Pihak berelasi (Catatan 56)                                   (13.182.139)               (9.905.951)                     Related parties (Note 56)
          Pihak ketiga                                                  (10.049.643)              (12.533.712)                                   Third parties

                                                                        (23.231.782)              (22.439.663)

  Liabilitas komitmen - neto                                           (307.199.559)             (289.669.536)                      Commitment payables - net

  KONTINJENSI                                                                                                                                  CONTINGENCIES
  Tagihan kontinjensi:                                                                                                                    Contingent receivables:
    Garansi yang diterima dari                                                                                                       Guarantees received from
       bank lain                                                          64.031.673                50.383.762                                   other banks
    Pendapatan bunga dalam                                                                                                               Interest receivable on
       penyelesaian                                                       12.424.085                10.912.104                        non-performing assets
    Lain-lain                                                                 34.471                    34.411                                           Others

                                                                          76.490.229                61.330.277

  Liabilitas kontinjensi:                                                                                                                 Contingent payables:
     Garansi yang diberikan dalam bentuk:                                                                                   Guarantees issued in the form of:
     Bank garansi (Catatan 31):                                                                                                  Bank guarantees (Note 31):
        Pihak berelasi (Catatan 56)                                     (46.002.464)              (37.567.187)                  Related parties (Note 56)
        Pihak ketiga                                                   (120.037.908)             (100.990.316)                               Third parties

                                                                       (166.040.372)             (138.557.503)

        Standby letter of credit (Catatan 31)                                                                               Standby letter of credit (Note 31)
          Pihak berelasi (Catatan 56)                                     (9.819.236)               (5.281.006)                 Related parties (Note 56)
          Pihak ketiga                                                    (8.540.555)               (7.027.683)                               Third parties

                                                                        (18.359.791)              (12.308.689)

        Lain-lain                                                         (4.796.785)               (4.072.541)                                            Others

  Total                                                                (189.196.948)             (154.938.733)                                                Total

  Liabilitas kontinjensi - neto                                        (112.706.719)              (93.608.456)                        Contingent payables - net

                                                                       (419.906.278)             (383.277.992)



   *)                                                                                     *)
         Termasuk fasilitas kredit committed dan uncommitted yang belum digunakan.             Include unused committed and uncommitted loans facilities




                                                                                 388
Page 1403
                                                                                                               The original consolidated financial statements
                                                                                                             included herein are in the Indonesian language.

          PT BANK MANDIRI (PERSERO) Tbk                                                             PT BANK MANDIRI (PERSERO) Tbk
              DAN ENTITAS ANAKNYA                                                                         AND ITS SUBSIDIARIES
        CATATAN ATAS LAPORAN KEUANGAN                                                                NOTES TO THE CONSOLIDATED
                   KONSOLIDASIAN                                                                         FINANCIAL STATEMENTS
         Tanggal 31 Desember 2025 dan untuk                                                           As of 31 December 2025 and for
        Tahun Berakhir pada Tanggal Tersebut                                                             for the Year Then Ended
           (Disajikan dalam jutaan Rupiah,                                                           (Expressed in millions of Rupiah,
               kecuali dinyatakan lain)                                                                  unless otherwise stated)

55. TRANSAKSI-TRANSAKSI MATA UANG ASING                                               55. FOREIGN CURRENCY TRANSACTIONS

   Nilai wajar dari transaksi berjangka dan swap                                          The fair value of forward and cross currency swap
   pertukaran mata uang asing disajikan dalam laporan                                     transactions       are    presented   as     derivative
   posisi      keuangan           konsolidasian sebagai                                   receivables/payables in the consolidated statement of
   tagihan/liabilitas derivatif (Catatan 11).                                             financial position (Note 11).

   Rincian transaksi pembelian dan penjualan tunai spot                                   Details of the outstanding buy and sell foreign currency
   mata uang asing (Bank Mandiri saja, tidak terdapat                                     spot transactions (Bank Mandiri only, there are no spot
   transaksi spot pada Entitas Anak):                                                     transactions in Subsidiaries) are as follows:

                                                                31 Desember 2025/31 December 2025


                                                    Spot - Beli/Spot - Buy             Spot - Jual/Spot - Sell

                                               Mata uang
                                                   asal                           Mata uang asal
                                             (nilai penuh)/          Setara        (nilai penuh)/        Setara
                                                Original            Rupiah/           Original          Rupiah/
                                               currency             Rupiah           currency           Rupiah
  Mata uang asal                             (full amount)         equivalent      (full amount)       equivalent                        Original currency

  Dolar Amerika Serikat                           388.958.008         6.485.875       312.555.288           5.211.859                    United States Dollar
  Lain-lain*)                                                         1.583.073                             1.624.290                                Others*)

                                                                      8.068.948                             6.836.149


                                                                31 Desember 2024/31 December 2024

                                                    Spot - Beli/Spot - Buy             Spot - Jual/Spot - Sell

                                               Mata uang
                                                   asal                           Mata uang asal
                                             (nilai penuh)/          Setara        (nilai penuh)/        Setara
                                                Original            Rupiah/           Original          Rupiah/
                                               currency             Rupiah           currency           Rupiah
  Mata uang asal                             (full amount)         equivalent      (full amount)       equivalent                        Original currency

  Dolar Amerika Serikat                           203.626.162         3.277.363       274.513.807           4.418.300                    United States Dollar
  Lain-lain*)                                                           236.220                               909.569                                Others*)

                                                                      3.513.583                             5.327.869


   *)
         Terdiri dari berbagai mata uang asing.                                           *)   Consist of various currencies


56. TRANSAKSI DENGAN PIHAK-PIHAK BERELASI                                             56. RELATED PARTY TRANSACTIONS

    Dalam rangka menjalankan bisnis normalnya, Bank                                       In the normal course of business, Bank Mandiri and
    Mandiri dan Entitas Anak melakukan transaksi dengan                                   Subsidiaries entered into certain transactions with the
    pihak berelasi karena hubungan kepemilikan dan/atau                                   parties which are related to the management and/or
    kepengurusan.                                                                         owned by the same shareholders.

   Seluruh transaksi yang signifikan dengan pihak-pihak                                   All significant transactions with related parties have met
   berelasi dilakukan dengan kebijakan dan syarat yang                                    the agreed terms and conditions (Note 2f).
   telah disepakati bersama (Catatan 2f).




                                                                                389
Page 1404
                                                                                                 The original consolidated financial statements
                                                                                               included herein are in the Indonesian language.

        PT BANK MANDIRI (PERSERO) Tbk                                                 PT BANK MANDIRI (PERSERO) Tbk
            DAN ENTITAS ANAKNYA                                                             AND ITS SUBSIDIARIES
      CATATAN ATAS LAPORAN KEUANGAN                                                    NOTES TO THE CONSOLIDATED
                 KONSOLIDASIAN                                                             FINANCIAL STATEMENTS
       Tanggal 31 Desember 2025 dan untuk                                               As of 31 December 2025 and for
      Tahun Berakhir pada Tanggal Tersebut                                                 for the Year Then Ended
         (Disajikan dalam jutaan Rupiah,                                               (Expressed in millions of Rupiah,
             kecuali dinyatakan lain)                                                      unless otherwise stated)

56. TRANSAKSI DENGAN PIHAK-PIHAK BERELASI                               56. RELATED PARTY TRANSACTIONS (continued)
    (lanjutan)

   Transaksi usaha yang signifikan dengan pihak-pihak                        Significant transactions with related parties are as
   berelasi sebagai berikut:                                                 follows:

    Hubungan pihak berelasi sebagai pemegang                                 Related party relationship as the controlling
     saham utama:                                                              shareholder:

     Pemerintah         Republik        Indonesia         melalui               The Government of Republic of Indonesia through the
     Kementerian.                                                               Ministry.

     Sifat dari transaksi lain antara lain adalah efek-efek,                    Nature of other transactions are marketable
     obligasi pemerintah, kredit yang diberikan dan                             securities, government bonds, loans and sharia
     piutang/pembiayaan        syariah,    simpanan     dari                    receivables/financing, deposits from customers, fund
     nasabah, pinjamanan yang diterima dan fasilitas                            borrowings and unused loan facilities.
     kredit yang diberikan yang belum digunakan.

    Hubungan     pihak   berelasi  oleh                  karena              Related parties relationship by ownership and/or
     kepemilikan dan/atau kepengurusan:                                        management:

     No.       Pihak berelasi/Related parties       No.       Pihak berelasi/Related parties        No.        Pihak berelasi/Related parties
    a. Bank Mandiri sebagai pendiri/Bank Mandiri as a founder
       1     Dana Pensiun Bank Mandiri                3     Dana Pensiun Bank Mandiri Dua            5       Dana Pensiun Bank Mandiri Empat
       2     Dana Pensiun Bank Mandiri Satu           4     Dana Pensiun Bank Mandiri Tiga

    b. Dikendalikan oleh Dana Pensiun Bank Mandiri (sejak tanggal 19 Desember 2013)/Controlled by Dana Pensiun Bank Mandiri (since
       19 December 2013)
      6      PT Bumi Daya Plaza                      7       PT Pengelola Investama Mandiri          8       PT Usaha Gedung Mandiri

    c. Dikendalikan oleh Dana Pensiun Bank Mandiri Satu/Controlled by Dana Pensiun Bank Mandiri Satu
      9      PT Estika Daya Mandiri

    d. Dikendalikan oleh Dana Pensiun Bank Mandiri Dua/Controlled by Dana Pensiun Bank Mandiri Dua
     10      PT Asuransi Staco Mandiri
                (sebelumnya PT Asuransi Staco
                Jasapratama)

    e. Dikendalikan oleh Dana Pensiun Bank Mandiri Tiga/Controlled by Dana Pensiun Bank Mandiri Tiga
     11      PT Mulia Sasmita Bhakti

    f. Dikendalikan oleh Dana Pensiun Bank Mandiri Empat/Controlled by Dana Pensiun Bank Mandiri Empat
     12      PT Krida Upaya Tunggal                  13      PT Wahana Optima Permai

    g. Dipengaruhi secara signifikan oleh Bank Mandiri/Significantly influenced by Bank Mandiri
     14      Koperasi Kesehatan Pegawai dan
                Pensiunan Bank Mandiri
                (Mandiri Healthcare)

     Sifat dari transaksi dengan pihak-pihak berelasi                          Nature of related party transaction consists of
     antara lain adalah penyertaan saham, kredit yang                          investment     in   shares,   loans    and    sharia
     diberikan    dan    piutang/pembiayaan  syariah,                          receivables/financing, customer deposits, bank
     simpanan dari nasabah, bank garansi, efek-efek                            guarantees, debt securities issued, fund borrowings
     yang    diterbitkan, pinjaman dan      efek-efek                          and subordinated loans.
     subordinasi.




                                                                  390
Page 1405
                                                                                                The original consolidated financial statements
                                                                                              included herein are in the Indonesian language.

        PT BANK MANDIRI (PERSERO) Tbk                                                   PT BANK MANDIRI (PERSERO) Tbk
            DAN ENTITAS ANAKNYA                                                               AND ITS SUBSIDIARIES
      CATATAN ATAS LAPORAN KEUANGAN                                                      NOTES TO THE CONSOLIDATED
                 KONSOLIDASIAN                                                               FINANCIAL STATEMENTS
       Tanggal 31 Desember 2025 dan untuk                                                 As of 31 December 2025 and for
      Tahun Berakhir pada Tanggal Tersebut                                                   for the Year Then Ended
         (Disajikan dalam jutaan Rupiah,                                                 (Expressed in millions of Rupiah,
             kecuali dinyatakan lain)                                                        unless otherwise stated)

56. TRANSAKSI DENGAN PIHAK-PIHAK BERELASI                               56. RELATED PARTY TRANSACTIONS (continued)
    (lanjutan)

   Transaksi usaha yang signifikan dengan pihak-pihak                           Significant transactions with related parties are as
   berelasi sebagai berikut: (lanjutan)                                         follows: (continued)

    Hubungan pihak             berelasi         dengan    entitas            Related parties relationship with government
     Pemerintah:                                                               related entities:

     No.        Pihak berelasi/Related parties      No.      Pihak berelasi/Related parties        No.        Pihak berelasi/Related parties
    a. Entitas Anak dari BUMN/Subsidiary of State Owned Enterprise
      1      Demi Bahtera Laju Abadi Pte. Ltd.       51      PT Asuransi Jasaraharja Putera        101      PT Brantas Prospek Enjineering
      2      EPC Energy Singapore Pte. Ltd           52      PT Asuransi Jasindo Syariah           102      PT Brantas Prospek Mandiri
      3      Etablissments Maurel et Prom            53      PT Asuransi Jiwa IFG                  103      PT Brass Bahtera Laju Abadi
                                                                                                            PT BRI Asuransi Indonesia (BRI
      4      Indometal London Limited                54      PT Asuransi Jiwa Taspen               104
                                                                                                            Insurance)
             KSO Hutama – Wika – Adipatria
      5                                              55      PT Asuransi Kredit Indonesia          105      PT BRI Manajemen Investasi
             (Irigasi Kapuas)
                                                             PT Asuransi Tugu Pratama                       PT BRI Multifinance Indonesia (BRI
      6      Makassar Coastal City                   56                                            106
                                                             Indonesia Tbk                                  Finance)
      7      MIND ID Trading Pte. Ltd.               57      PT Badak NGL                          107      PT Bromo Steel Indonesia
             Pertamina Hulu Energi Offshore
      8                                              58      PT Bahana Artha Ventura               108      PT Bukit Asam Banko
             North West Java LLC.
             Pertamina International Marketing &
      9                                              59      PT Bahana Securities                  109      PT Bukit Asam Medika
             Distribution
                                                             PT Bahana TCW Investment
     10      Pertamina International Timor S.A.      60                                            110      PT Bukit Asam Prima
                                                             Management
             PGAS Telecommunication
     11                                              61      PT Bakti Timah Medika                 111      PT Bukit Asam Tbk
             International Pte. Ltd.
     12      PT Abipraya Nusantara Energi            62      PT Balai Lelang Artha Gasia           112      PT Bukit Energi Investama
     13      PT Adhi Commuter Properti               63      PT Balai Pustaka                      113      PT Bukit Energi Servis Terpadu
     14      PT Adhi Jalintim Riau                   64      PT Banggai Bahtera Laju Abadi         114      PT Bukit Multi Investama
     15      PT Adhi Persada Beton                   65      PT Bangkit Bahtera Laju Abadi         115      PT Bukit Multi Properti
     16      PT Adhi Persada Gedung                  66      PT Bangun Prima Jambi Energi          116      PT Bukit Prima Bahari
     17      PT Adhi Persada Properti                67      PT Bank Hibank Indonesia              117      PT Buma Cima Nusantara
                                                             PT Bank Raya Indonesia Tbk
     18      PT Administrasi Medika                  68                                            118      PT Bumi Sawindo Permai
                                                             (Raya)
     19      PT Aero Globe Indonesia                 69      PT Bantas Nipajaya Energi             119      PT Cibaliung Sumber Daya
     20      PT Aero Systems Indonesia               70      PT Banyan Koalindo Lestari            120      PT Cibitung Tj.Priok Port Tollways
     21      PT Aero Wisata                          71      PT Barung Bahtera Laju Abadi          121      PT Cinere Serpong Jaya
     22      PT Aerofood Indonesia                   72      PT Batubara Bukit Kendi               122      PT Ciptanugrah Indonesia
     23      PT Aerojasa Cargo                       73      PT Baturaja Multi Usaha               123      PT Citilink Indonesia
     24      PT Aerojasa Perkasa                     74      PT Belitung Intipermai                124      PT Citra Lautan Teduh
     25      PT Aerotrans Services Indonesia         75      PT Benggala Bahtera Laju Abadi        125      PT Citra Tobindo Sukses Perkasa
     26      PT Agro Medika Nusantara                76      PT Bepondi Bahtera Laju Abadi         126      PT Cogindo Daya Bersama
     27      PT Agro Sinergi Nusantara               77      PT Berdikari                          127      PT Collega Inti Pratama
     28      PT Akses Pelabuhan Indonesia            78      PT Berdikari Logistik Indonesia       128      PT Cut Meutia Medika Nusantara
     29      PT Alam Lestari Nusantara               79      PT Berdikari United Livestock         129      PT Dahana
     30      PT Alor Bahtera Laju Abadi              80      PT Berkah Cenning Tebu                130      PT Damanusa Bahtera Laju Abadi
     31      PT Alur Pelayaran Barat Surabaya        81      PT Berkah Industri Mesin Angkat       131      PT Damar Bahtera Laju Abadi
     32      PT Aneka Tambang Tbk                    82      PT Berkah Multi Cargo                 132      PT Danareksa Capital
     33      PT Angkasa Pura Aviasi                  83      PT Berlian Jasa Terminal Indonesia    133      PT Danareksa Finance
     34      PT Angkasa Pura Hotel                   84      PT Berlian Manyar Sejahtera           134      PT Dasaplast Nusantara
     35      PT Angkasa Pura Indonesia               85      PT BGR Logistik Indonesia             135      PT Dayamitra Telekomunikasi
     36      PT Angkasa Pura Logistic                86      PT Bhirawa Steel                      136      PT Dharma Lautan Nusantara
     37      PT Angkasa Pura Property                87      PT Bima Sepaja Abadi                  137      PT Dirgantara Indonesia
     38      PT Angkasa Pura Retail                  88      PT BNI Asset Management               138      PT Dok dan Perkapalan Air Kantung
     39      PT Angkasa Pura Sarana Digital          89      PT BNI Life Insurance                 139      PT Dok dan Perkapalan Waiame
     40      PT Angkasa Pura Solusi Integra          90      PT BNI Modal Ventura                  140      PT Dwimitra Enggang Khatulistiwa
                                                                                                            PT Electronic Data Interchange
     41      PT Angkasa Pura Support                 91      PT BNI Sekuritas                      141
                                                                                                            Indonesia
     42      PT Antam Resourcindo                     92     PT Borneo Alumina Indonesia           142      PT Elnusa Daya Kreatif
     43      PT Ararkula Bahtera Laju Abadi           93     PT Borneo Edo International           143      PT Elnusa Fabrikasi Konstruksi
     44      PT Aroma Cipta Anugrahtama               94     PT Brantas Adya Surya Energi          144      PT Elnusa Geosains Indonesia
     45      PT Artha Daya Coalindo                   95     PT Brantas Cakrawala Energi           145      PT Elnusa Oilfield Services
     46      PT Aru Bahtera Laju Abadi                96     PT Brantas Energi                     146      PT Elnusa Petrofin
     47      PT Askrindo Mitra Utama                  97     PT Brantas Energi Mandiri             147      PT Elnusa Tbk
     48      PT Asuransi Asei Indonesia               98     PT Brantas Hidro Energi               148      PT Elnusa Trans Samudera
     49      PT Asuransi BRI Life (BRI Life)          99     PT Brantas Mahalona Energi            149      PT Eltran Indonesia
     50      PT Asuransi Jasa Indonesia              100     PT Brantas Prospek Energi             150      PT Emas Antam Indonesia




                                                                  391
Page 1406
                                                                                                   The original consolidated financial statements
                                                                                                 included herein are in the Indonesian language.

        PT BANK MANDIRI (PERSERO) Tbk                                                    PT BANK MANDIRI (PERSERO) Tbk
            DAN ENTITAS ANAKNYA                                                                AND ITS SUBSIDIARIES
      CATATAN ATAS LAPORAN KEUANGAN                                                       NOTES TO THE CONSOLIDATED
                 KONSOLIDASIAN                                                                FINANCIAL STATEMENTS
       Tanggal 31 Desember 2025 dan untuk                                                  As of 31 December 2025 and for
      Tahun Berakhir pada Tanggal Tersebut                                                    for the Year Then Ended
         (Disajikan dalam jutaan Rupiah,                                                  (Expressed in millions of Rupiah,
             kecuali dinyatakan lain)                                                         unless otherwise stated)


56. TRANSAKSI DENGAN PIHAK-PIHAK BERELASI                               56. RELATED PARTY TRANSACTIONS (continued)
    (lanjutan)

   Transaksi usaha yang signifikan dengan pihak-pihak                        Significant transactions with related parties are as
   berelasi sebagai berikut: (lanjutan)                                      follows: (continued)

    Hubungan pihak berelasi                  dengan     entitas              Related parties relationship with government
     Pemerintah: (lanjutan)                                                    related entities: (continued)

     No.        Pihak berelasi/Related parties      No.      Pihak berelasi/Related parties           No.        Pihak berelasi/Related parties
    a. Entitas Anak dari BUMN/Subsidiary of State Owned Enterprise
    151      PT Energi Agro Nusantara              191      PT Indonesia Asahan Aluminium             231      PT Jasamarga Akses Patimban
    152      PT Energi Biomasa Indonesia           192      PT Indonesia Chemical Alumina             232      PT Jasamarga Bali Tol
                                                                                                               PT Jasamarga Balikpapan
    153      PT Energi Pelabuhan Indonesia         193      PT Indonesia Coal Resources               233
                                                                                                               Samarinda
    154      PT Energy Management Indonesia        194      PT Indonesia Comnets Plus                 234      PT Jasamarga Gempol Pasuruan
    155      PT Equiport Inti Indonesia            195      PT Indonesia Connectivity Investasi       235      PT Jasamarga Japek Selatan
    156      PT Farmalab Indoutama                 196      PT Indonesia Ferry Property               236      PT Jasamarga Jogja Bawen
    157      PT Finnet Indonesia                   197      PT Indonesia Kendaraan Terminal           237      PT Jasamarga Kualanamu Tol
                                                            PT Indonesia Papua Metal dan                       PT Jasamarga Kunciran
    158      PT Gadang Hidro Energi                198                                                238
                                                            Mineral                                            Cengkareng
    159      PT Gag Nikel                          199      PT Indonesian Air & Marine Supply         239      PT Jasamarga Manado Bitung
    160      PT Gagas Energi Indonesia             200      PT Indopelita Aircraft Services           240      PT Jasamarga Ngawi Kertosono
    161      PT Games Karya Nusantara              201      PT Industri Karet Nusantara               241      PT Jasamarga Pandaan Tol
                                                                                                               PT Jasamarga Probolinggo
    162      PT Gapura Angkasa                     202      PT Industri Kemasan Semen Gresik          242
                                                                                                               Banyuwangi
    163      PT Garam                              203      PT Industri Nabati Lestari                243      PT Jasamarga Related Business
             PT Garuda Maintenance Facility
    164                                            204      PT Infomedia Nusantara                    244      PT Jasamarga Rest Area Batang
             Aero Asia Tbk
    165      PT GIEB Indonesia                     205      PT Infomedia Solusi Humanika              245      PT Jasamarga Semarang Batang
                                                            PT Infrastruktur Telekomunikasi
    166      PT GIH Indonesia                      206                                                246      PT Jasamarga Solo Ngawi
                                                            Indonesia
    167      PT Gitanusa Sarana Niaga              207      PT Inhutani I                             247      PT Jasamarga Surabaya Mojokerto
                                                                                                               PT Jasamarga Tollroad
    168      PT Graha Investama Bersama            208      PT Inhutani V                             248
                                                                                                               Maintenance
    169      PT Graha Sarana Duta                  209      PT INKA Multi Solusi                      249      PT Jasamarga Tollroad Operator
    170      PT Graha Yasa Selaras                 210      PT Inka Multi Solusi Trading              250      PT Jasamarga Transjawa Tol
    171      PT Grahaniaga Tatautama               211      PT Intan Sejahtera Utama                  251      PT Jembatan Nusantara
    172      PT Griyaton Indonesia                 212      PT integrasi aviasi solusi                252      PT Kalimantan Jawa Gas
    173      PT Gunung Kendaik                     213      PT Integrasi Logistik Cipta Solusi        253      PT Kalimantan Medika Nusantara
    174      PT HaKaAston                          214      PT International Mineral Capital          254      PT Kaltim Adhiguna Dermaga
    175      PT Haleyora Powerindo                 215      PT International Prima Coal               255      PT Kaltim Daya Mandiri
    176      PT Hasta Kreasi Mandiri               216      PT Inti Konten Indonesia                  256      PT Kaltim Industrial Estate
    177      PT HK Infrastruktur                   217      PT IPC Terminal Peti Kemas                257      PT Kaltim Jasa Sekuriti
    178      PT HK Realtindo                       218      PT ITDC Nusantara Properti                258      PT Kaltim Kariangau Terminal
    179      PT Hotel Indonesia Group              219      PT ITDC Nusantara Utilitas                259      PT Karya Nusa Tujuh
    180      PT Hotel Indonesia Natour             220      PT ITDC Nusantara Xplorin                 260      PT Kawasan Berikat Nusantara
    181      PT Hotel Indonesia Properti           221      PT Jalin Pembayaran Nusantara             261      PT Kawasan Industri Gresik
                                                                                                               PT Kawasan Industri Kujang
    182      PT Hutama Mambelim Trans Papua        222      PT Jalintim Adhi Abipraya                 262
                                                                                                               Cikampek
    183      PT Hutama Marga Waskita               223      PT Jambi Prima Coal                       263      PT Kawasan Industri Makassar
    184      PT IAS Hospitality Indonesia          224      PT Jaminan Kredit Indonesia               264      PT Kawasan Industri Medan
                                                            PT Jaminan Pembiayaan Askrindo
    185      PT IAS Properti Indonesia             225                                                265      PT Kawasan Industri Nusantara
                                                            Syariah
                                                                                                               PT Kawasan Industri Terpadu
    186      PT IAS Support Indonesia              226      PT Jasa Armada Indonesia                  266
                                                                                                               Batang
    187      PT Indo Ridlatama Power               227      PT Jasa Prima Logistik                    267      PT Kawasan Industri Wijayakusuma
    188      PT Indofarma Global Medika            228      PT Jasa Raharja                           268      PT KBN Graha Medika
    189      PT Indofarma Tbk                      229      PT Jasa Tirta Energi                      269      PT KBN Prima Logistic
    190      PT Indonesia Aluminium Alloy          230      PT Jasa Tirta Luhur                       270      PT Kereta Api Logistik




                                                                 392
Page 1407
                                                                                                The original consolidated financial statements
                                                                                              included herein are in the Indonesian language.

        PT BANK MANDIRI (PERSERO) Tbk                                                    PT BANK MANDIRI (PERSERO) Tbk
            DAN ENTITAS ANAKNYA                                                                AND ITS SUBSIDIARIES
      CATATAN ATAS LAPORAN KEUANGAN                                                       NOTES TO THE CONSOLIDATED
                 KONSOLIDASIAN                                                                FINANCIAL STATEMENTS
       Tanggal 31 Desember 2025 dan untuk                                                  As of 31 December 2025 and for
      Tahun Berakhir pada Tanggal Tersebut                                                    for the Year Then Ended
         (Disajikan dalam jutaan Rupiah,                                                  (Expressed in millions of Rupiah,
             kecuali dinyatakan lain)                                                         unless otherwise stated)

56. TRANSAKSI DENGAN PIHAK-PIHAK BERELASI                              56. RELATED PARTY TRANSACTIONS (continued)
    (lanjutan)

   Transaksi usaha yang signifikan dengan pihak-pihak                       Significant transactions with related parties are as
   berelasi sebagai berikut: (lanjutan)                                     follows: (continued)

    Hubungan pihak berelasi                 dengan      entitas             Related parties relationship with government
     Pemerintah: (lanjutan)                                                   related entities: (continued)
     No.        Pihak berelasi/Related parties      No.      Pihak berelasi/Related parties        No.        Pihak berelasi/Related parties
    a. Entitas Anak dari BUMN/Subsidiary of State Owned Enterprise (lanjutan/continued)
    271      PT Kereta Api Pariwisata              311      PT Lintas Marga Jawa                   351      PT Nusantara Regas
    272      PT Kereta Api Properti Manajemen      312      PT Liran Bahtera Laju Abadi            352      PT Nusantara Sebelas Medika
    273      PT Kereta Commuter Indonesia          313      PT LPP Agro Nusantara                  353      PT Nusantara Sukses Investasi
    274      PT Kertas Padalarang                  314      PT mahakarya abadi prima               354      PT Nusantara Turbin Dan Propulsi
             PT Kharisma Pemasaran Bersama                  PT Mandau Cipta Tenaga
    275                                            315                                             355      PT Nutech Integrasi
             Nusantara                                      Nusantara
    276      PT Kilang Pertamina Balikpapan        316      PT Marga Sarana Jabar                  356      PT Optima Nusa Tujuh
    277      PT Kilang Pertamina International     317      PT Marga Trans Nusantara               357      PT Paguntaka Cahaya Nusantara
    278      PT Kimia Farma Apotek                 318      PT Mega Citra Utama                    358      PT PAL Indonesia
    279      PT Kimia Farma Diagnostika            319      PT Menara Maritim Indonesia            359      PT PAL Marine Service
             PT Kimia Farma Sungwun
    280                                            320      PT Meratus Jaya Iron & Steel           360      PT Palawi Risorsis
             Pharmacopia
    281      PT Kimia Farma Tbk                    321      PT Merese Mandalika Nusantara          361      PT PANN Pembiayaan Maritim
             PT Kimia Farma Trading &
    282                                            322      PT Metra Digital Investama             362      PT Patra Drilling Contractor
             Distribution
    283      PT Kliring Berjangka Indonesia        323      PT Metra Digital Media                 363      PT Patra Jasa
             PT Kliring Perdagangan Berjangka
    284                                            324      PT Metranet                            364      PT Patra Logistik
             Indonesia
    285      PT Kodja Terramarin                   325      PT Metraplasa                          365      PT Patra Nusa Data
    286      PT Krakatau Baja Industri             326      PT MGPA Nusantara Jaya                 366      PT Patra Trading
    287      PT Krakatau Baja Konstruksi           327      PT Miangas Bahtera Laju Abadi          367      PT Pegadaian
    288      PT Krakatau Bandar Samudera           328      PT Mirtasari Hotel Development         368      PT Pegadaian Galeri Dua Empat
    289      PT Krakatau Engineering               329      PT Mitra Bisnis Madani                 369      PT Pekanbaru Permai Propertindo
    290      PT Krakatau Global Trading            330      PT Mitra Cipta Polasarana              370      PT Pelabuhan Bukit Prima
             PT Krakatau Information
    291                                            331      PT Mitra Dagang Madani                 371      PT Pelabuhan Indonesia Investama
             Technology
    292      PT Krakatau Jasa Industri             332      PT Mitra Karya Prima                   372      PT Pelabuhan Tanjung Priok
    293      PT Krakatau Jasa Logistik             333      PT Mitra Kerinci                       373      PT Pelayanan Energi Batam
    294      PT Krakatau Jasa Samudera             334      PT Mitra Proteksi Madani               374      PT Pelayaran Bahtera Adhiguna
    295      PT Krakatau Medika                    335      PT Mitra Rajawali Banjaran             375      PT Pelayaran Energi Batam
    296      PT Krakatau Niaga Indonesia           336      PT Mitra Tekno Madani                  376      PT Pelindo Daya Sejahtera
             PT Krakatau Perbengkelan dan
    297                                            337      PT Mitra Tours and Travel              377      PT Pelindo Energi Logistik
             Perawatan
    298      PT Krakatau Pipe Industries           338      PT Mitra Utama Madani                  378      PT Pelindo Husada Citra
    299      PT Krakatau Sarana Infrastruktur      339      PT Mitrasraya Adhijasa                 379      PT Pelindo Jasa Maritim
    300      PT Krakatau Sarana Properti           340      PT Mitratani Dua Tujuh                 380      PT Pelindo Marine Service
    301      PT Krakatau Tirta Industri            341      PT Multi Terminal Indonesia            381      PT Pelindo Multi Terminal
             PT Krakatau Tirta Operasi &
    302                                            342      PT Multimedia Nusantara                382      PT Pelindo Properti Indonesia
             Pemeliharaan
    303      PT Lamong Energi Indonesia            343      PT Nindya Beton                        383      PT Pelindo Solusi Logistik
    304      PT Lamong Nusantara Gas               344      PT Nindya Karya                        384      PT Pelindo Solusi Maritim
    305      PT Lancarjaya Mandiri Abadi           345      PT Nuon Digital Indonesia              385      PT Pelindo Terminal Petikemas
    306      PT Laras Astra Kartika                346      PT Nusa Dua Propertindo                386      PT Pelita Air Service
    307      PT LEN Railway Systems                347      PT Nusa Karya Arindo                   387      PT Pelita Bandar Nasional
    308      PT LEN Rekaprima Semesta              348      PT Nusa Pratama Property               388      PT Pelita Indonesia Djaya
    309      PT LEN Telekomunikasi Indonesia       349      PT Nusantara Batulicin                 389      PT Pemalang Batang Toll Road
                                                                                                            PT Pembangkitan Jawa Bali
    310      PT Limbong Hidro Energi               350      PT Nusantara Medika Utama              390
                                                                                                            Investindo




                                                                 393
Page 1408
                                                                                                 The original consolidated financial statements
                                                                                               included herein are in the Indonesian language.

        PT BANK MANDIRI (PERSERO) Tbk                                                    PT BANK MANDIRI (PERSERO) Tbk
            DAN ENTITAS ANAKNYA                                                                AND ITS SUBSIDIARIES
      CATATAN ATAS LAPORAN KEUANGAN                                                       NOTES TO THE CONSOLIDATED
                 KONSOLIDASIAN                                                                FINANCIAL STATEMENTS
       Tanggal 31 Desember 2025 dan untuk                                                  As of 31 December 2025 and for
      Tahun Berakhir pada Tanggal Tersebut                                                    for the Year Then Ended
         (Disajikan dalam jutaan Rupiah,                                                  (Expressed in millions of Rupiah,
             kecuali dinyatakan lain)                                                         unless otherwise stated)

56. TRANSAKSI DENGAN PIHAK-PIHAK BERELASI                               56. RELATED PARTY TRANSACTIONS (continued)
    (lanjutan)

   Transaksi usaha yang signifikan dengan pihak-pihak                          Significant transactions with related parties are as
   berelasi sebagai berikut: (lanjutan)                                        follows: (continued)

    Hubungan pihak berelasi                    dengan    entitas               Related parties relationship with government
     Pemerintah: (lanjutan)                                                      related entities: (continued)

     No.        Pihak berelasi/Related parties      No.      Pihak berelasi/Related parties         No.        Pihak berelasi/Related parties
    a. Entitas Anak dari BUMN/Subsidiary of State Owned Enterprise (lanjutan/continued)
             PT Pembangunan Perumahan Tirta                 PT Pertamina Hulu Rokan – Blok
    391                                             428                                             465      PT PIM Prima Medika
             Riau                                           Rokan/Rokan Block
    392      PT Penajam Internasional Terminal      429     PT Pertamina Hulu Sanga Sanga           466      PT Pindad
                                                            PT Pertamina Internasional
    393      PT Pendawa Lestari Perkasa             430                                             467      PT Pindad Enjiniring Indonesia
                                                            Eksplorasi dan Produksi
             PT Pendidikan Maritim & Logistik
    394                                             431     PT Pertamina International Shipping     468      PT Pindad International Logistic
             Indonesia
             PT Pengembangan Pariwisata
    395                                             432     PT Pertamina Lubricants                 469      PT Pindad Medika Utama
             Indonesia
                                                            PT Pertamina Maintenance and
    396      PT Pengerukan Indonesia                433                                             470      PT PINS Indonesia
                                                            Construction
                                                            PT Pertamina Malaysia Eksplorasi
    397      PT Penjaminan Jamkrindo Syariah        434                                             471      PT PLN Batam
                                                            Produksi
    398      PT Perhutani Anugerah Kimia            435     PT Pertamina Marine Engineering         472      PT PLN Batubara Investasi
    399      PT Perikanan indonesia                 436     PT Pertamina Marine Solution            473      PT PLN Batubara Niaga
    400      PT Perjaya Bravo Energi                437     PT Pertamina Patra Niaga                474      PT PLN Electricity Services
    401      PT Perkebunan Mitra Ogan               438     PT Pertamina Pedeve Indonesia           475      PT PLN Energi Gas
             PT Perkebunan Nusantara I ( Eks                PT Pertamina Petrochemical
    402                                             439                                             476      PT PLN EPI
             PTPN I, II, VII s.d. XII, dan XIV)             Trading
             PT Perkebunan Nusantara IV (Eks
    403                                             440     PT Pertamina Port and Logistics         477      PT PLN Indonesia Geothermal
             PTPN IV, V, VI, XIII)
    404      PT Permata Graha Nusantara             441     PT Pertamina Power Indonesia            478      PT PLN Indonesia Power
             PT Permodalan Nasional Madani                                                                   PT PLN Indonesia Power
    405                                             442     PT Pertamina Retail                     479
             (PNM)                                                                                           Renewables
    406      PT Persada Sokka Tama                  443     PT Pertamina Training & Consulting      480      PT PLN Nusa Daya
    407      PT Perta Arun Gas                      444     PT Pertamina Trans Kontinental          481      PT PLN Nusantara Power
                                                                                                             PT PLN Nusantara Power
    408      PT Pertagas Niaga                      445     PT Pertani Property                     482
                                                                                                             Construction
    409      PT Pertamedika Bali Hospital           446     PT Peruri Digital Security              483      PT PLN Nusantara Power Services
    410      PT Pertamina Bina Medika IHC           447     PT Peruri Properti                      484      PT PLN Nusantara Renewables
             PT Pertamina Drilling Services
    411                                             448     PT Peruri Wira Timur                    485      PT PNM Investment Management
             Indonesia
    412      PT Pertamina Energy Terminal           449     PT Perusahaan Pengelola Aset            486      PT PNM Venture Capital
                                                            PT Perusahaan Perdagangan
    413      PT Pertamina EP                        450                                             487      PT Pos Logistik Indonesia
                                                            Indonesia
    414      PT Pertamina EP Cepu                   451     PT Pesona Indonesia Jaya                488      PT Pos Properti Indonesia
             PT Pertamina EP Cepu ADK – Blok
    415      Alas Dara Kemuning/ Alas Dara          452     PT Pesonna Indonesia Jaya               489      PT PP Energi
             Kemuning Block
    416      PT Pertamina Gas                       453     PT Pesonna Optima Jasa                  490      PT PP Infrastruktur
    417      PT Pertamina Gas Negara Tbk            454     PT Petrokimia Gresik                    491      PT PP Presisi Tbk
    418      PT Pertamina Geothermal Energy         455     PT Petrokimia Kayaku                    492      PT PP Properti Jababeka Residen
    419      PT Pertamina Hulu Energi               456     PT Petronesia Benimel                   493      PT PP Properti Tbk
             PT Pertamina Hulu Energi Abar -
    420                                             457     PT Petrosida Gresik                     494      PT PP Semarang Demak
             Blok Abar/Abar Block
             PT Pertamina Hulu Energi Metana
    421      Kalimantan B - Blok Sangatta           458     PT PG Rajawali I                        495      PT PP Sinergi Banjaratma
             II/Sangatta II Block
             PT Pertamina Hulu Energi Metana
    422      Sumatera 5 - Blok Muara Enim           459     PT PG Rajawali II                       496      PT PP Urban
             II/Muara Enim II Block
             PT Pertamina Hulu Energi OSES -
    423                                             460     PT PGAS Solution                        497      PT PPA Finance
             Blok OSES/OSES Block
             PT Pertamina Hulu Energi W
                                                            PT PGAS Telekomunikasi
    424      Madura Offshore - Blok West            461                                             498      PT PPA Kapital
                                                            Nusantara
             Madura/West Madura Block
    425      PT Pertamina Hulu Indonesia            462     PT PGN LNG Indonesia                    499      PT Pratama Mitra Sejati
             PT Pertamina Hulu Kalimantan
    426                                             463     PT Phapros Tbk                          500      PT Prima Armada Raya
             Timur
                                                            PT PHE Metana Sumatera Tanjung
    427      PT Pertamina Hulu Mahakam              464                                             501      PT Prima Bara Indonesia
                                                            Enim




                                                                 394
Page 1409
                                                                                                 The original consolidated financial statements
                                                                                               included herein are in the Indonesian language.

        PT BANK MANDIRI (PERSERO) Tbk                                                 PT BANK MANDIRI (PERSERO) Tbk
            DAN ENTITAS ANAKNYA                                                             AND ITS SUBSIDIARIES
      CATATAN ATAS LAPORAN KEUANGAN                                                    NOTES TO THE CONSOLIDATED
                 KONSOLIDASIAN                                                             FINANCIAL STATEMENTS
       Tanggal 31 Desember 2025 dan untuk                                               As of 31 December 2025 and for
      Tahun Berakhir pada Tanggal Tersebut                                                 for the Year Then Ended
         (Disajikan dalam jutaan Rupiah,                                               (Expressed in millions of Rupiah,
             kecuali dinyatakan lain)                                                      unless otherwise stated)

56. TRANSAKSI DENGAN PIHAK-PIHAK BERELASI                                56. RELATED PARTY TRANSACTIONS (continued)
    (lanjutan)

   Transaksi usaha yang signifikan dengan pihak-pihak                       Significant transactions with related parties are as
   berelasi sebagai berikut: (lanjutan)                                     follows: (continued)

    Hubungan pihak berelasi                  dengan     entitas             Related parties relationship with government
     Pemerintah: (lanjutan)                                                   related entities: (continued)

     No.        Pihak berelasi/Related parties      No.      Pihak berelasi/Related parties         No.        Pihak berelasi/Related parties
    a. Entitas Anak dari BUMN/Subsidiary of State Owned Enterprise (lanjutan/continued)
    502      PT Prima Husada Cipta Medan           543      PT Rolas Nusantara Tambang              584      PT Semen Indonesia Logistik
    503      PT Prima Indonesia Logistik           544      PT Rumah Sakit Pelabuhan                585      PT Semen Padang
             PT Prima Layanan Nasional
    504                                            545      PT Rumah Sakit Pelni                    586      PT Semen Tonasa
             Enjiniring
             PT Prima Layanan Niaga Suku
    505                                            546      PT Sabre Travel Network Indonesia       587      PT Senggigi Pratama internasional
             Cadang
    506      PT Prima Medica Nusantara             547      PT Sahung Brantas Energi                588      PT Sepatim Batamtama
    507      PT Prima Multi Terminal               548      PT Saka Eksplorasi Baru                 589      PT Sepoetih Daya Prima
    508      PT Prima Pengembangan Kawasan         549      PT Saka Eksplorasi Ventura              590      PT SI International Trading Pte, Ltd
    509      PT Prima Power Nusantara              550      PT Saka Energi Bangkanai Barat          591      PT SIER Puspa Utama
    510      PT Prima Terminal Petikemas           551      PT Saka Energi Indonesia                592      PT Sigma Cipta Caraka
    511      PT Propernas Griya Utama              552      PT Saka Energi Sepinggan                593      PT Sigma Cipta Utama
    512      PT Pupuk Indonesia Logistik           553      PT Saka Energi Sepinggan Timur          594      PT Sigma Mitra Sejati
    513      PT Pupuk Indonesia Niaga              554      PT Sang Hyang Seri                      595      PT Sigma Utama
    514      PT Pupuk Indonesia Pangan             555      PT Sarana Bandar Logistik               596      PT Sinergi Colomadu
    515      PT Pupuk Indonesia Utilitas           556      PT Sarana Bandar Nasional               597      PT Sinergi Gula Nusantara
                                                                                                             PT Sinergi Informatika Semen
    516      PT Pupuk Iskandar Muda                557      PT Sarana Bengkulu Ventura              598
                                                                                                             Indonesia
    517      PT Pupuk Kalimantan Timur             558      PT Sarana Jabar Ventura                 599      PT Sinergi Mitra Investama
    518      PT Pupuk Kujang                       559      PT Sarana Jakarta Ventura               600      PT Sinergi Mitra Lestari Indonesia
    519      PT Pupuk Sriwidjaja Palembang         560      PT Sarana Jambi Ventura                 601      PT Sinergi Mitra Operasi Rembang
    520      PT Puspetindo                         561      PT Sarana Jateng Ventura                602      PT Sinergi Perkebunan Nusantara
    521      PT Pusri Agro Lestari                 562      PT Sarana Jatim Ventura                 603      PT Sinkona Indonesia Lestari
    522      PT Putra Suralaya Indotenaga          563      PT Sarana Kalbar Ventura                604      PT Sintas Kurama Perdana
    523      PT Putra Wijayakusuma Sakti           564      PT Sarana Kalsel Ventura                605      PT Solusi Bangun Andalas
    524      PT Railink                            565      PT Sarana Kalteng Ventura               606      PT Solusi Bangun Beton
    525      PT Rajawali Citramass                 566      PT Sarana Kaltim Ventura                607      PT Solusi Bangun Indonesia
    526      PT Rajawali Nusindo                   567      PT Sarana Papua Ventura                 608      PT Solusi Energy Nusantara
    527      PT Rajawali Tanjungsari Enjiniring    568      PT Sarana Riau Ventura                  609      PT Sri Pamela Medika Nusantara
    528      PT Rantepao Hidro Energi              569      PT Sarana Sulsel Ventura                610      PT Sucofindo
             PT READYMIX CONCRETE
    529                                            570      PT Sarana Sulut Ventura                 611      PT Sucofindo Advisory Utama
             INDONESIA
    530      PT Reasuransi Nasional Indonesia      571      PT Sarana Surakarta Ventura             612      PT Sucofindo Episi
    531      PT Reasuransi Syariah Indonesia       572      PT Sari Valuta Asing                    613      PT Sumberdaya Arindo
                                                                                                             PT Surabaya Industrial Estate
    532      PT Rekadaya Elektrika Consult         573      PT Sarinah                              614
                                                                                                             Rungkut
    533      PT Rekaindo Global Jasa               574      PT Satria Bahana Sarana                 615      PT Suralaya Indo Tenaga
                                                                                                             PT Surveyor Carbon Consulting
    534      PT Rekayasa Cakrawala Resources       575      PT SBI Bangun Nusantara                 616
                                                                                                             Indonesia
    535      PT Rekayasa Industri                  576      PT Sei Mangkei Nusantara Tiga           617      PT Surveyor Indonesia
             PT Rekayasa Industri Engineering &
    536                                            577      PT Semen Baturaja Tbk                   618      PT Surya Energi Indotama
             Construction
    537      PT Rekind Daya Mamuju                 578      PT Semen Gresik                         619      PT Swadarma Sarana Informatika
                                                                                                             PT Synergy Risk Management
    538      PT Reksa Sentosa Dinamika             579      PT Semen Indogreen Sentosa              620
                                                                                                             Consultant
    539      PT Reska Multi Usaha                  580      PT Semen Indonesia Aceh                 621      PT Tanjung Alam Jaya
    540      PT Riset Perkebunan Nusantara         581      PT Semen Indonesia Beton                622      PT Tanjung Emas Daya Sejahtera
    541      PT Rolas Nusantara Mandiri            582      PT Semen Indonesia Distributor          623      PT Taspen Abadi Sentosa
                                                                                                             PT Telekomunikasi Indonesia
    542      PT Rolas Nusantara Medika             583      PT Semen Indonesia International        624
                                                                                                             International




                                                                 395
Page 1410
                                                                                                  The original consolidated financial statements
                                                                                                included herein are in the Indonesian language.

        PT BANK MANDIRI (PERSERO) Tbk                                                      PT BANK MANDIRI (PERSERO) Tbk
            DAN ENTITAS ANAKNYA                                                                  AND ITS SUBSIDIARIES
      CATATAN ATAS LAPORAN KEUANGAN                                                         NOTES TO THE CONSOLIDATED
                 KONSOLIDASIAN                                                                  FINANCIAL STATEMENTS
       Tanggal 31 Desember 2025 dan untuk                                                    As of 31 December 2025 and for
      Tahun Berakhir pada Tanggal Tersebut                                                      for the Year Then Ended
         (Disajikan dalam jutaan Rupiah,                                                    (Expressed in millions of Rupiah,
             kecuali dinyatakan lain)                                                           unless otherwise stated)

56. TRANSAKSI DENGAN PIHAK-PIHAK BERELASI                               56. RELATED PARTY TRANSACTIONS (continued)
    (lanjutan)
   Transaksi usaha yang signifikan dengan pihak-pihak                         Significant transactions with related parties are as
   berelasi sebagai berikut (lanjutan):                                       follows: (continued)
    Hubungan pihak berelasi                     dengan    entitas             Related parties relationship with government
     Pemerintah (lanjutan):                                                     related entities: (continued)

     No.        Pihak berelasi/Related parties     No.       Pihak berelasi/Related parties          No.        Pihak berelasi/Related parties
    a. Entitas Anak dari BUMN/Subsidiary of State Owned Enterprise (lanjutan/continued)
    625      PT Telekomunikasi Selular               647    PT Transjawa Paspro Jalan Tol            669     PT Widar Mandripa Indonesia
    626      PT Telemedia Dinamika Sarana            648    PT Tugu Pratama Interindo                670     PT Widya Tirta Selaras
    627      PT Telkom Akses                         649    PT Tugu Reasuransi Indonesia             671     PT Wijaya Karya Aspal
                                                                                                             PT Wijaya Karya Bangunan Gedung
    628      PT Telkom Data Ekosistem                650    PT TWC BP dan RB                         672
                                                                                                             Tbk
    629      PT Telkom Infrastruktur Indonesia       651    PT United Tractors Semen Gresik          673     PT Wijaya Karya Beton Tbk
    630      PT Telkom Landmark Tower                652    PT Varia Usaha Bahari                    674     PT Wijaya Karya Bitumen
                                                                                                             PT Wijaya Karya Industri dan
    631      PT Telkom Satelit Indonesia             653    PT Varia Usaha Beton                     675
                                                                                                             Konstruksi
    632      PT Telkomsel Ekosistem Digital          654    PT Varia Usaha Dharma Segara             676     PT Wijaya Karya Komponen Beton
    633      PT Telkomsel Mitra Inovasi              655    PT Varia Usaha Fabrikasi                 677     PT Wijaya Karya Realty
    634      PT Tembakau Deli Medica                 656    PT Varia Usaha Lintas Segara             678     PT Wijaya Karya Rekayasa Konstruksi
    635      PT Terang Wahana Hijau                  657    PT Waskita Beton Precast Tbk             679     PT WIKA Krakatau Beton
    636      PT Terminal Petikemas Surabaya          658    PT Waskita Bumi Wira                     680     PT WIKA Pracetak Gedung
    637      PT Terminal Teluk Lamong                659    PT Waskita Fim Perkasa Realti            681     PT WIKA Serang Panimbang
    638      PT Tiar Daya Hidro                      660    PT Waskita Karya Infrastruktur           682     PT WIKA Tirta Jaya Jatiluhur
    639      PT Timah Agro Manunggal                 661    PT Waskita Karya Realty                  683     PT Wisma Seratus Sejahtera
    640      PT Timah Industri                       662    PT Waskita Modern Realti                 684     PT Yasa Industri Nusantara
    641      PT Timah Investasi Mineral              663    PT Waskita Sangir Energi                 685     PT. Mitra Transaksi Indonesia
    642      PT Timah Karya Persada Properti         664    PT Waskita Sriwijaya Tol                 686     Saka Indonesia Pangkah BV
    643      PT Timah Tbk                            665    PT Waskita Toll Road                     687     Saka Pangkah LLC
    644      PT Tirta Tangsel Mandiri                666    PT Waskita Transjawa Tol Road            688     Timah International Investment
    645      PT Tracon Industri                      667    PT Waskita Wado Energi
    646      PT Trans Optima Luhur                   668    PT Wege Solusi Proklamasi
    b. Entitas Asosiasi dari BUMN/Associate Company of State Owned Enterprise
    689      PT Asuransi Jiwa Inhealth                      PT Jakarta Industrial Estate
                                                     698                                             707     PT Menara Antam Sejahtera
             Indonesia                                      Pulogadung
    690                                                     PT Jasamarga Jalanlayang
             PT Bandara Internasional Batam          699                                             708     PT Minahasa Brantas Energi
                                                            Cikampek
    691      PT Belawan New Container                                                                        PT New Priok Container Terminal
                                                     700    PT Jasamarga Jogja Solo                  709
             Terminal                                                                                           One
    692      PT Biro Klasifikasi Indonesia           701    PT Jasamarga Pandaan Malang              710     PT Petro Jordan Abadi
    693      PT BRI Danareksa Sekuritas              702    PT Kalimantan Agro Nusantara             711     PT Petrokopindo Cipta Selaras
    694      PT Fintek Karya Nusantara               703    PT Krakatau Posco                        712     PT Prima Citra Nutrindo
    695      PT Freeport Indonesia                   704    PT Krakatau Semen Indonesia              713     PT Vale Indonesia Tbk
    696                                                     PT Krakatau Wajatama Osaka Steel
             PT Indo Pusaka Berau                    705
                                                            Marketing
    697      PT Industri Baterai Indonesia           706    PT Marga Mandalasakti
    c. Ventura Bersama
    714      Waskita - KMP

    d. Badan Usaha Milik Negara/State Owned Enterprise
                                                                                                             PT Bahana Pembinaan Usaha
    715      Perum Bulog                            725     Perum Produksi Film Negara               735
                                                                                                             Indonesia (Persero)
                                                                                                             PT Bank Negara Indonesia (Persero)
    716      Perum Damri                            726     PT Adhi Karya (Persero) Tbk              736
                                                                                                             Tbk
                                                            PT Agrinas Jaladri Nusantara
                                                                                                             PT Bank Rakyat Indonesia (Persero)
    717      Perum Jasa Tirta I                     727        (Persero) (dahulu PT Virama           737
                                                                                                             Tbk
                                                               Karya (Persero))
                                                            PT Agrinas Palma Nusantara
                                                                                                             PT Bank Tabungan Negara (Persero)
    718      Perum Jasa Tirta II                    728     (Persero) (dahulu PT Indra Karya         738
                                                                                                             Tbk
                                                            (Persero))
                                                            PT Agrinas Pangan Nusantara
             Perum Lembaga Kantor Berita
    719                                             729     (Persero) (dahulu PT Yodya Karya         739     PT Barata Indonesia (Persero)
                Nasional Antara
                                                            (Persero))
    720      Perum LPPNPI                           730     PT Amarta Karya (Persero)                740     PT BioFarma (Persero)
             Perum Percetakan Negara
    721                                             731     PT ASABRI (Persero)                      741     PT Boma Bisma Indra (Persero)
                Republik Indonesia
             Perum Percetakan Uang Republik
    722                                             732     PT ASDP Indonesia Ferry (Persero)        742     PT Brantas Abipraya (Persero)
                Indonesia
    723      Perum Perhutani                        733     PT Asuransi Jiwasraya (Persero)          743     PT Danareksa (Persero)
                                                            PT Aviasi Pariwisata Indonesia
    724      Perum Perumnas                         734                                              744     PT Djakarta Lloyd (Persero)
                                                            (Persero)



                                                                  396
Page 1411
                                                                                                    The original consolidated financial statements
                                                                                                  included herein are in the Indonesian language.

       PT BANK MANDIRI (PERSERO) Tbk                                                     PT BANK MANDIRI (PERSERO) Tbk
           DAN ENTITAS ANAKNYA                                                                 AND ITS SUBSIDIARIES
     CATATAN ATAS LAPORAN KEUANGAN                                                        NOTES TO THE CONSOLIDATED
                KONSOLIDASIAN                                                                 FINANCIAL STATEMENTS
      Tanggal 31 Desember 2025 dan untuk                                                   As of 31 December 2025 and for
     Tahun Berakhir pada Tanggal Tersebut                                                     for the Year Then Ended
        (Disajikan dalam jutaan Rupiah,                                                   (Expressed in millions of Rupiah,
            kecuali dinyatakan lain)                                                          unless otherwise stated)

56. TRANSAKSI DENGAN PIHAK-PIHAK BERELASI                                56. RELATED PARTY TRANSACTIONS (continued)
    (lanjutan)

   Transaksi usaha yang signifikan dengan pihak-pihak                         Significant transactions with related parties are as
   berelasi sebagai berikut: (lanjutan)                                       follows: (continued)

    Hubungan pihak berelasi                   dengan    entitas               Related parties relationship with Government
     Pemerintah: (lanjutan)                                                     related entities: (continued)

      No.     Pihak berelasi/Related parties       No.       Pihak berelasi/Related parties            No.       Pihak berelasi/Related parties
     d. Badan Usaha Milik Negara (lanjutan)/State Owned Enterprise (continued)
            PT Dok dan Perkapalan Kodja
      745                                          757       PT LEN Industri (Persero)                 768     PT Primissima (Persero)
            Bahari (Persero)
            PT Dok dan Perkapalan Surabaya                   PT Mineral Industri Indonesia
      746                                          758                                                 769     PT Pupuk Indonesia (Persero)
            (Persero)                                        (Persero)
            PT Garuda Indonesia (Persero)                                                                      PT Rajawali Nusantara Indonesia
      747                                          759       PT PANN (Persero)                         770
            Tbk                                                                                                (Persero)
                                                                                                               PT Reasuransi Indonesia Utama
      748   PT Hutama Karya (Persero)              760       PT PDI Pulau Batam (Persero)              771
                                                                                                               (Persero)
      749   PT Indah Karya (Persero)               761       PT Pelabuhan Indonesia (Persero)          772     PT Semen Indonesia (Persero) Tbk
            PT Industri Kapal Indonesia                      PT Pelayaran Nasional Indonesia
      750                                          762                                                 773     PT Semen Kupang Indonesia
            (Persero)                                        (Persero)
                                                             PT Pembangunan Perumahan
      751   PT Industri Kereta Api (Persero)       763                                                 774     PT Taspen (Persero)
                                                             (Persero) Tbk
                                                             PT Perkebunan Nusantara III
      752   PT Industri Nuklir Indonesia           764                                                 775     PT Telkom Indonesia (Persero) Tbk
                                                             (Persero)
            PT Industri Telekomunikasi
      753                                          765       PT Pertamina (Persero)                    776     PT Varuna Tirta Prakasya (Persero)
            Indonesia (Persero)
                                                             PT Perusahaan Listrik Negara
      754   PT Jasa Marga (Persero) Tbk            766                                                 777     PT Waskita Karya (Persero) Tbk
                                                             (Persero)
      755   PT Kereta Api Indonesia (Persero)      767       PT Pos Indonesia (Persero)                778     PT Wijaya Karya (Persero) Tbk
      756   PT Krakatau Steel (Persero) Tbk
     e. Lembaga Jaminan Sosial/Social Security Institution
                                                                                                                Perusahaan Penerbit SBSN
      779   BPJS Kesehatan                         780       BPJS Ketenagakerjaan                      781
                                                                                                                   Indonesia
     f. Lembaga Keuangan/Financial Institution
            Lembaga Pembiayaan Ekspor                                                                           PT Sarana Multi Infrastruktur
      782                                          784       PT Indonesia Infrastruktur Finance        786
               Indonesia                                                                                          (Persero)
            Lembaga Pengelola Investasi                      PT Penjaminan Infrastruktur
      783                                          785                                                 787      PT Sarana Multigriya Finansial
               (Indonesia Investment Authority)                Indonesia

     g. Entitas Berelasi Lainnya/Others Related Entity
            Badan Pengelola Investasi (BPI)                  PT Danantara Asset Management                      PT Danantara Investment
      788                                          790                                                 791
               Danantara                                       (DAM)                                              Management (DIM)
      789   PT Bina Karya (Persero)


     Sifat dari transaksi dengan pihak-pihak berelasi                            Nature of transactions with government related
     entitas pemerintah antara lain adalah giro pada                             entities are current accounts with other banks,
     bank lain, penempatan pada bank lain, efek-efek,                            placements with other banks, marketable securities,
     obligasi pemerintah, tagihan lainnya - transaksi                            government bonds, other receivables - trade
     perdagangan, tagihan atas efek-efek yang dibeli                             transaction, securities purchased under agreements
     dengan janji dijual kembali, tagihan derivatif, kredit                      to resell, derivative receivables, loans and sharia
     yang diberikan dan piutang/pembiayaan syariah,                              receivables/financing,         consumer        financing
     piutang pembiayaan konsumen, tagihan akseptasi,                             receivables, acceptance receivables, investment in
     penyertaan saham, simpanan dari nasabah,                                    shares, deposit from customers, deposits from other
     simpanan dari bank lain, liabilitas derivatif, liabilitas                   bank, derivative liabilities, acceptance payables, debt
     akseptasi, efek-efek yang diterbitkan, pinjaman                             securities issued, fund borrowings, subordinated loans
     yang diterima, pinjaman dan efek-efek subordinasi,                          and marketable securities, temporary syirkah funds
     dana syirkah temporer, fasilitas kredit yang                                unused loan facility, outstanding irrevocable letter of
     diberikan yang belum digunakan, letter of credit                            credit, guarantees issued in the form of bank
     yang tidak dapat dibatalkan yang masih berjalan                             guarantee and irrevocable letter of credit, and standby
     garansi yang diberikan dalam bentuk bank garansi,                           letter of credit.
     dan standby letter of credit.




                                                                   397
Page 1412
                                                                                         The original consolidated financial statements
                                                                                       included herein are in the Indonesian language.

        PT BANK MANDIRI (PERSERO) Tbk                                           PT BANK MANDIRI (PERSERO) Tbk
            DAN ENTITAS ANAKNYA                                                       AND ITS SUBSIDIARIES
      CATATAN ATAS LAPORAN KEUANGAN                                              NOTES TO THE CONSOLIDATED
                 KONSOLIDASIAN                                                       FINANCIAL STATEMENTS
       Tanggal 31 Desember 2025 dan untuk                                         As of 31 December 2025 and for
      Tahun Berakhir pada Tanggal Tersebut                                           for the Year Then Ended
         (Disajikan dalam jutaan Rupiah,                                         (Expressed in millions of Rupiah,
             kecuali dinyatakan lain)                                                unless otherwise stated)

56. TRANSAKSI DENGAN PIHAK-PIHAK BERELASI                            56. RELATED PARTY TRANSACTIONS (continued)
    (lanjutan)
   Transaksi usaha yang signifikan dengan pihak-pihak                   Significant transactions with related parties are as
   berelasi sebagai berikut: (lanjutan)                                 follows: (continued)

    Hubungan pihak berelasi                 dengan   entitas            Related parties relationship with Government
     Pemerintah: (lanjutan)                                               related entities: (continued)

      Dalam menjalankan kegiatan usahanya, Grup juga                      In the ordinary course of its business, the Group also
      melakukan transaksi pembelian atau penggunaan                       purchases or pays for services, such as
      jasa seperti biaya telekomunikasi, biaya listrik, dan               telecommunication expenses, utility expenses, and
      biaya lainnya dengan pihak-pihak berelasi entitas                   other expenses to government related entities.
      pemerintah.
   Hubungan manajemen atau karyawan kunci                               Transactions with management and key personnel
    Bank Mandiri:                                                         of Bank Mandiri:

      Imbalan kerja jangka pendek dan Imbalan kerja                       Short-term employment benefits and Long-term
      jangka panjang untuk Dewan Komisaris, Direksi,                      employment benefits of the Boards of Commissioners,
      Komite Audit dan Komite Pemantau Risiko, Dewan                      Directors, Audit Committee and Risk Oversight
      Pengawas Syariah serta Senior Executive Vice                        Committee, Sharia Supervisory Board, and Senior
      President dan Senior Vice President untuk tahun                     Executive Vice President, and Senior Vice President
      yang berakhir pada tanggal 31 Desember 2025 dan                     for the year ended 31 December 2025 and 2024
      2024 masing-masing sebesar Rp1.238.593 dan                          amounted to Rp1,238,593 and Rp2,708,912 or 1.83%
      Rp2.708.912 atau 1,83% dan 4,62% dari jumlah                        and 4.62% of total consolidated other operating
      beban operasional lainnya konsolidasian, dengan                     expenses, respectively, as follows:
      rincian sebagai berikut:
                                                          Tahun yang berakhir
                                                       pada tanggal 31 Desember/
                                                        Year ended 31 December
                                                        2025                 2024
        Imbalan kerja jangka pendek                       1.184.835             2.651.613              Short-term employment benefits
        Imbalan kerja jangka panjang                         53.758                57.299              Long-term employment benefits
        Total                                             1.238.593             2.708.912                                           Total

   Rincian saldo transaksi dengan pihak-pihak berelasi                  Details of transactions with related parties as of are as
   adalah sebagai berikut:                                              follows:
                                                 31 Desember 2025/     31 Desember 2024/
                                                 31 December 2025      31 December 2024
  Aset                                                                                                                            Assets
  Giro pada bank lain (Catatan 5a)                                                            Current accounts with other banks (Note 5a)
    PT Bank Negara Indonesia (Persero) Tbk                 146.943                  151.749    PT Bank Negara Indonesia (Persero) Tbk
    PT Bank Rakyat Indonesia (Persero) Tbk                  28.774                   38.384    PT Bank Rakyat Indonesia (Persero) Tbk
    PT Bank Tabungan Negara (Persero) Tbk                   26.176                    4.278   PT Bank Tabungan Negara (Persero) Tbk
                                                           201.893                  194.411
  Penempatan pada Bank Indonesia dan bank lain                                                 Placements with Bank Indonesia and other
   (Catatan 6b dan 6c)                                    1.286.559              3.107.120                    banks (Note 6b dan 6c)
  Efek-efek (Catatan 7a)                                                                                 Marketable securities (Note 7a)
    PT BNI Asset Management                               3.500.000              3.500.000                  PT BNI Asset Management
    Pemerintah Republik Indonesia melalui                                                             The Goverment of the Republic of
       Kementerian                                        2.919.596              4.029.685           Indonesia through the Ministry
    PT Bank Rakyat Indonesia (Persero) Tbk                1.762.667              1.316.089     PT Bank Rakyat Indonesia (Persero) Tbk
    PT BRI Danareksa Sekuritas                            1.450.000              1.450.000                 PT BRI Danareksa Sekuritas
    PT Bahana TCW Investment Management                   1.416.843              1.480.137    PT Bahana TCW Investment Management
    PT Pertamina (Persero)                                  942.991                696.295                     PT Pertamina (Persero)
    PT Hutama Karya (Persero) Tbk                           903.000                903.000             PT Hutama Karya (Persero) Tbk
    PT Bank Negara Indonesia (Persero) Tbk                  692.335                363.917    PT Bank Negara Indonesia (Persero) Tbk
    PT Telkom Indonesia (Persero) Tbk                       557.828                638.809          PT Telkom Indonesia (Persero) Tbk
    PT Pupuk Indonesia (Persero)                            389.000                389.000              PT Pupuk Indonesia (Persero)
    PT Pelabuhan Indonesia (Persero)                        250.000                856.282           PT Pelabuhan Indonesia (Persero)
    PT Perusahaan Listrik Negara (Persero)                  226.606                459.167      PT Perusahaan Listrik Negara (Persero)
    PT Indonesia Asahan Aluminium                           206.061                876.080             PT Indonesia Asahan Aluminium
    Lainnya                                               1.817.370              3.264.614                                      Others
                                                         17.034.297             20.223.075


                                                               398
Page 1413
                                                                                           The original consolidated financial statements
                                                                                         included herein are in the Indonesian language.

         PT BANK MANDIRI (PERSERO) Tbk                                            PT BANK MANDIRI (PERSERO) Tbk
             DAN ENTITAS ANAKNYA                                                        AND ITS SUBSIDIARIES
       CATATAN ATAS LAPORAN KEUANGAN                                               NOTES TO THE CONSOLIDATED
                  KONSOLIDASIAN                                                        FINANCIAL STATEMENTS
        Tanggal 31 Desember 2025 dan untuk                                          As of 31 December 2025 and for
       Tahun Berakhir pada Tanggal Tersebut                                            for the Year Then Ended
          (Disajikan dalam jutaan Rupiah,                                          (Expressed in millions of Rupiah,
              kecuali dinyatakan lain)                                                 unless otherwise stated)

56. TRANSAKSI DENGAN PIHAK-PIHAK BERELASI                             56. RELATED PARTY TRANSACTIONS (continued)
    (lanjutan)

   Transaksi usaha yang signifikan dengan pihak-pihak                     Significant transactions with related parties are as
   berelasi sebagai berikut: (lanjutan)                                   follows: (continued)

       Hubungan manajemen atau karyawan kunci                               Transactions with management and                         key
        Bank Mandiri: (lanjutan)                                              personnel of Bank Mandiri: (continued)

   Rincian saldo transaksi dengan pihak-pihak berelasi                    Details of transactions with related parties as of are as
   adalah sebagai berikut:                                                follows:

                                                    31 Desember 2025/    31 Desember 2024/
                                                    31 December 2025     31 December 2024
  Aset (lanjutan)                                                                                                    Assets (continued)
  Obligasi pemerintah (Catatan 8)                          292.817.548           287.272.659                  Government bonds (Note 8)

  Tagihan lainnya - transaksi perdagangan                                                                        Other receivables - trade
    (Catatan 9a)                                                                                                transactions (Note 9a)
    PT Pembangunan Perumahan                                                                             PT Pembangunan Perumahan
      (Persero) Tbk                                          3.732.358             3.914.245                            (Persero) Tbk
    PT PP Presisi Tbk                                          485.978               278.804                          PT PP Presisi Tbk
    PT Wijaya Karya Beton Tbk                                  243.673               289.709                PT Wijaya Karya Beton Tbk
    PT Semen Padang                                            203.577               250.862                         PT Semen Padang
    PT Prima Layanan Niaga Suku Cadang                         173.248                96.883     PT Prima Layanan Niaga Suku Cadang
    PT Semen Indonesia (Persero) Tbk                           152.637               972.838        PT Semen Indonesia (Persero) Tbk
    PT Semen Tonasa                                            146.797               136.462                         PT Semen Tonasa
    PT Adhi Persada Beton                                      116.172               117.471                    PT Adhi Persada Beton
    PT Wijaya Karya Bangunan Gedung Tbk                        115.343               209.403    PT Wijaya Karya Bangunan Gedung Tbk
    PT Semen Baturaja Tbk                                       98.263                88.030                   PT Semen Baturaja Tbk
    PT Nindya Karya                                             74.126                     -                           PT Nindya Karya
    PT United Tractors Semen Gresik                             64.040                67.077          PT United Tractors Semen Gresik
    PT Pindad (Persero)                                         58.575                84.281                       PT Pindad (Persero)
    PT Dayamitra Telekomunikasi Tbk                             56.755                     -         PT Dayamitra Telekomunikasi Tbk
    PT Pupuk Iskandar Muda                                      32.391                     -                  PT Pupuk Iskandar Muda
    PT Elnusa Tbk                                               25.248                79.121                             PT Elnusa Tbk
    PT Jasamarga Tollroad Maintenance                           18.264                70.488       PT Jasamarga Tollroad Maintenance
    PT Petrokimia Gresik                                         6.825                     -                       PT Petrokimia Gresik
    PT Krakatau Steel (Persero) Tbk                                  -                27.357           PT Krakatau Steel (Persero) Tbk
    Lainnya                                                  1.076.387               371.636                                   Lainnya
                                                             6.880.657             7.054.667

  Tagihan atas efek-efek yang dibeli dengan                                                                   Securities purchased under
    janji dijual kembali (Catatan 10a)                                                                   agreements to resell (Note 10a)
    PT Bank Negara Indonesia (Persero) Tbk                      52.242                     -    PT Bank Negara Indonesia (Persero) Tbk
    PT Bank Rakyat Indonesia (Persero) Tbk                           -                 4.613    PT Bank Rakyat Indonesia (Persero) Tbk
                                                                52.242                 4.613

  Tagihan derivatif (Catatan 11)                                                                        Derivative receivables (Note 11)
    PT Perusahaan Listrik Nasional                                                                       PT Perusahaan Listrik Negara
      (Persero)                                              2.752.706             2.682.766                                (Persero)
    PT Pertamina Patra Niaga                                    68.120                20.337                 PT Pertamina Patra Niaga
    PT Bank Negara Indonesia (Persero) Tbk                      19.251                40.022    PT Bank Negara Indonesia (Persero) Tbk
    PT Bank Rakyat Indonesia (Persero) Tbk                      17.519                     -    PT Bank Rakyat Indonesia (Persero) Tbk
    PT Kilang Pertamina Internasional                           10.192                20.896          PT Kilang Pertamina Internasional
    Lainnya                                                    162.192               184.974                                     Others
                                                             3.029.980             2.948.995
  Kredit yang diberikan dan piutang/pembiayaan                                                      Loans and sharia receivables/financing
    syariah (Catatan 12A.a)                                                                                                (Note 12A.a)
    Pemerintah Republik Indonesia melalui                                                                 The Goverment of Republic of
      Kementerian                                          115.115.269            85.182.125         Indonesia through the Ministry
    PT Agrinas Pangan Nusantara (Persero) (dahulu                                               PT Agrinas Pangan Nusantara (Persero)
      PT Yodya Karya (Persero))                             46.697.487                     -   (formerly PT Yodya Karya (Persero))
    PT Perusahaan Listrik Negara (Persero)                  43.422.071            17.233.247    PT Perusahaan Listrik Negara (Persero)
    PT Pelabuhan Indonesia (Persero)                        19.458.601            10.986.502         PT Pelabuhan Indonesia (Persero)
    PT Pegadaian                                            12.640.994            20.071.777                             PT Pegadaian
    PT Perkebunan Nusantara IV                               9.740.780             9.804.930               PT Perkebunan Nusantara IV
    PT Angkasa Pura Indonesia                                8.710.849             9.409.018                PT Angkasa Pura Indonesia
    PT Cibitung Tanjung Priok Port Tollways                  8.630.789             1.814.093    PT Cibitung Tanjung Priok Port Tollways
    PT Kereta Api Indonesia (Persero)                        8.161.666             9.314.887          PT Kereta Api Indonesia (Persero)
    PT Waskita Karya (Persero) Tbk                           7.939.832             8.448.348            PT Waskita Karya (Persero) Tbk
    Lainnya                                                122.329.241           119.370.173                                     Others
                                                           402.847.579           291.635.100



                                                                399
Page 1414
                                                                                              The original consolidated financial statements
                                                                                            included herein are in the Indonesian language.

         PT BANK MANDIRI (PERSERO) Tbk                                               PT BANK MANDIRI (PERSERO) Tbk
             DAN ENTITAS ANAKNYA                                                           AND ITS SUBSIDIARIES
       CATATAN ATAS LAPORAN KEUANGAN                                                  NOTES TO THE CONSOLIDATED
                  KONSOLIDASIAN                                                           FINANCIAL STATEMENTS
        Tanggal 31 Desember 2025 dan untuk                                             As of 31 December 2025 and for
       Tahun Berakhir pada Tanggal Tersebut                                               for the Year Then Ended
          (Disajikan dalam jutaan Rupiah,                                             (Expressed in millions of Rupiah,
              kecuali dinyatakan lain)                                                    unless otherwise stated)

56. TRANSAKSI DENGAN PIHAK-PIHAK BERELASI                                56. RELATED PARTY TRANSACTIONS (continued)
    (lanjutan)

   Rincian saldo transaksi dengan pihak-pihak berelasi                       Details of transactions with related parties are as follows:
   sebagai berikut: (lanjutan)                                               (continued)

                                                      31 Desember 2025/     31 Desember 2024/
                                                      31 December 2025      31 December 2024

  Aset (lanjutan)                                                                                                           Assets (continued)
  Piutang pembiayaan konsumen (Catatan 13a)                                                          Consumer financing receivables (Note 13a)
     Lainnya                                                        4.257                41.346                                       Others

  Tagihan akseptasi (Catatan 15a)                                                                             Acceptance receivables (Note 15a)
    PT Pembangunan Perumahan (Persero) Tbk                        662.728                764.209   PT Pembangunan Perumahan (Persero) Tbk
    PT Bank Rakyat Indonesia (Persero) Tbk                        128.074                183.941      PT Bank Rakyat Indonesia (Persero) Tbk
    PT Bank Negara Indonesia (Persero) Tbk                        104.762                234.771      PT Bank Negara Indonesia (Persero) Tbk
    PT Pindad                                                      71.022                 56.721                                   PT Pindad
    PT Wijaya Karya Beton Tbk                                      64.911                 21.898                   PT Wijaya Karya Beton Tbk
    PT Bank Tabungan Negara (Persero) Tbk                          16.306                      -     PT Bank Tabungan Negara (Persero) Tbk
    PT Nindya Karya                                                 7.632                 10.507                             PT Nindya Karya
    PT PP Presisi Tbk                                               5.945                 67.186                            PT PP Presisi Tbk
    PT Semen Baturaja Tbk                                           4.259                      -                      PT Semen Baturaja Tbk
    PT Wijaya Karya Bangunan Gedung Tbk                             2.523                 21.785       PT Wijaya Karya Bangunan Gedung Tbk
    PT Brantas Abipraya (Persero)                                     257                      -                PT Brantas Abipraya (Persero)
    PT PP Urban                                                         -                 28.633                                PT PP Urban
    PT Dirgantara Indonesia (Persero)                                   -                143.418            PT Dirgantara Indonesia (Persero)
    PT Pertamina Patra Niaga                                            -                136.295                    PT Pertamina Patra Niaga
    Lainnya                                                        92.874                 29.500                                      Lainnya
                                                                1.161.293              1.698.864
  Penyertaan saham (Catatan 16a)                                                                               Investments in shares (Note 16a)
    PT Fintek Karya Nusantara                                    359.718                 586.554                  PT Fintek Karya Nusantara
    PT Asuransi Jiwa Inhealth Indonesia                          402.536                 436.588          PT Asuransi Jiwa Inhealth Indonesia
                                                                 762.254               1.023.142

  Total aset kepada pihak-pihak berelasi                     726.078.559             615.203.992              Total assets with related parties

  Total aset konsolidasian                                  2.829.948.026          2.427.223.262                     Total consolidated assets

  Persentase total aset kepada pihak-pihak berelasi                                                       Percentage of total assets with related
     terhadap total aset konsolidasian                            25,66%                 25,35%          parties to total consolidated assets


  Liabilitas                                                                                                                       Liabilities
  Simpanan dari nasabah                                                                                              Deposits from customers
     Giro dan giro wadiah                                                                               Demand deposits and wadiah demand
        (Catatan 21a)                                                                                                  deposits (Note 21a)
        Entitas dan Lembaga Pemerintah                       196.569.720             152.710.426             Government Body and Entity
        Manajemen kunci                                              367                     106                         Key management
        Lainnya                                                  678.750               1.444.940                                   Others
                                                             197.248.837             154.155.472

     Tabungan dan tabungan wadiah                                                                          Saving deposits and wadiah saving
       (Catatan 22a)                                                                                                     deposit (Note 22a)
       Entitas dan Lembaga Pemerintah                          4.788.351               5.986.525               Government Body and Entity
       Manajemen kunci                                           220.606                 260.175                          Key management
       Lainnya                                                    91.562                  92.343                                    Others
                                                               5.100.519               6.339.043
     Deposito berjangka (Catatan 23a)                                                                               Time deposits (Note 23a)
       Entitas dan Lembaga Pemerintah                        200.566.524              49.933.020                Government Body and Entity
       Manajemen kunci                                           126.365                 219.493                         Key management
       Lainnya                                                 5.572.604               3.337.785                                    Others
                                                             206.265.493              53.490.298

     Simpanan dari bank lain                                                                                         Deposits from other banks
       Giro, giro wadiah dan tabungan                                                                      Demand deposits, wadiah demand
         (Catatan 24a)                                                                              deposits and saving deposits (Note 24a)
       Entitas dan Lembaga Pemerintah                            100.827               4.298.212               Government Body and Entity
       Lainnya                                                       847                   1.024                                     Others
                                                                 101.674               4.299.236




                                                                   400
Page 1415
                                                                                               The original consolidated financial statements
                                                                                             included herein are in the Indonesian language.

         PT BANK MANDIRI (PERSERO) Tbk                                                PT BANK MANDIRI (PERSERO) Tbk
             DAN ENTITAS ANAKNYA                                                            AND ITS SUBSIDIARIES
       CATATAN ATAS LAPORAN KEUANGAN                                                   NOTES TO THE CONSOLIDATED
                  KONSOLIDASIAN                                                            FINANCIAL STATEMENTS
        Tanggal 31 Desember 2025 dan untuk                                              As of 31 December 2025 and for
       Tahun Berakhir pada Tanggal Tersebut                                                for the Year Then Ended
          (Disajikan dalam jutaan Rupiah,                                              (Expressed in millions of Rupiah,
              kecuali dinyatakan lain)                                                     unless otherwise stated)

56. TRANSAKSI DENGAN PIHAK-PIHAK BERELASI                                56. RELATED PARTY TRANSACTIONS (continued)
    (lanjutan)

   Rincian saldo transaksi dengan pihak-pihak berelasi                        Details of transactions with related parties are as follows:
   sebagai berikut: (lanjutan)                                                (continued)

                                                       31 Desember 2025/     31 Desember 2024/
                                                       31 December 2025      31 December 2024
   Liabilitas (lanjutan)                                                                                                    Liabilities (continued)
   Inter-bank call money (Catatan 25a)                                                                           Inter-bank call money (Note 25a)
     Entitas dan Lembaga Pemerintah                               750.375               1.931.400                 Government Body and Entity

   Deposito berjangka (Catatan 26a)                                                                                    Time deposits (Note 26a)
    Entitas dan Lembaga Pemerintah                                817.075                289.710                  Government Body and Entity

   Liabilitas atas efek - efek yang dijual dengan                                                            Securities sold under agreements to
     janji dibeli kembali (Catatan 28)                                                                         repurchase liabilities (Note 28)
     PT Bank Tabungan Negara (Persero) Tbk                         20.212                       -    PT Bank Tabungan Negara (Persero) Tbk

   Liabilitas derivatif (Catatan 11)                                                                              Derivative payables (Note 11)
     PT Perusahaan Listrik Negara (Persero)                     2.413.612               2.057.169     PT Perusahaan Listrik Negara (Persero)
     PT Bank Rakyat Indonesia (Persero) Tbk                        19.124                       -    PT Bank Rakyat Indonesia (Persero) Tbk
     PT Pertamina Patra Niaga                                      13.998                  16.847                  PT Pertamina Patra Niaga
     PT Kilang Pertamina Internasional                              8.584                   1.216          PT Kilang Pertamina Internasional
     Lainnya                                                       12.519                  58.272                                    Others
                                                                2.467.837               2.133.504

   Liabilitas akseptasi (Catatan 29a)                                                                           Acceptance payables (Note 29a)
     PT Bank Negara Indonesia (Persero) Tbk                     1.139.389                 732.647    PT Bank Negara Indonesia (Persero) Tbk
     PT Bank Rakyat Indonesia (Persero) Tbk                       280.965               1.624.925    PT Bank Rakyat Indonesia (Persero) Tbk
     PT Pertamina Petrochemical Trading                           171.490                       -        PT Pertamina Petrochemical Trading
     PT Krakatau Baja Konstruksi                                   35.507                  86.486               PT Krakatau Baja Konstruksi
     PT Krakatau Baja Industri                                     28.960                  59.663                  PT Krakatau Baja Industri
     PT Pembangunan Perumahan                                                                                 PT Pembangunan Perumahan
        (Persero) Tbk                                              19.364                  19.865                             (Persero) Tbk
     PT Solusi Bangun Beton                                        10.761                  17.870                   PT Solusi Bangun Beton
     PT Timah Industri                                                  -                  10.475                          PT Timah Industri
     Lainnya                                                       41.896                  13.356                                   Lainnya
                                                                1.728.332               2.565.287

   Efek-efek yang diterbitkan (Catatan 30)                      6.425.220               4.580.825                 Debt securities issued (Note 30)
   Pinjaman yang diterima (Catatan 36)                          2.245.296               4.627.957                       Fund borrowings (Note 36)
   Pinjaman dan efek-efek subordinasi                                                                         Subordinated loans and marketable
   (Catatan 37)                                                    35.000                  40.000                             securities (Note 37)
  Total liabilitas kepada pihak-pihak berelasi                423.205.870             234.452.732            Total liabilities with related parties
  Total liabilitas konsolidasian                             2.212.925.204          1.860.408.316                   Total consolidated liabilities
  Persentase total liabilitas kepada pihak - pihak                                                        Percentage of total liabilities with related
    berelasi terhadap total liabilitas konsolidasian               19,12%                 12,60%          parties to total consolidated liabilities
  Dana syirkah temporer (Catatan 38)                                                                        Temporary syirkah funds (Note 38)
    Entitas dan Lembaga Pemerintah                              65.928.389             57.487.931               Government Body and Entity
    Manajemen kunci                                                129.562                 92.660                          Key management
    Lainnya                                                        359.935                351.111                                   Others
                                                                66.417.886             57.931.702
  Total dana syirkah temporer                                  289.620.824            253.340.265               Total Temporary syirkah funds
  Persentase terhadap total dana syirkah                                                                 Percentage to total temporary syirkah
     temporer                                                      22,93%                 22,87%                                     funds




                                                                   401
Page 1416
                                                                                           The original consolidated financial statements
                                                                                         included herein are in the Indonesian language.

        PT BANK MANDIRI (PERSERO) Tbk                                            PT BANK MANDIRI (PERSERO) Tbk
            DAN ENTITAS ANAKNYA                                                        AND ITS SUBSIDIARIES
      CATATAN ATAS LAPORAN KEUANGAN                                               NOTES TO THE CONSOLIDATED
                 KONSOLIDASIAN                                                        FINANCIAL STATEMENTS
       Tanggal 31 Desember 2025 dan untuk                                          As of 31 December 2025 and for
      Tahun Berakhir pada Tanggal Tersebut                                            for the Year Then Ended
         (Disajikan dalam jutaan Rupiah,                                          (Expressed in millions of Rupiah,
             kecuali dinyatakan lain)                                                 unless otherwise stated)

56. TRANSAKSI DENGAN PIHAK-PIHAK BERELASI                             56. RELATED PARTY TRANSACTIONS (continued)
    (lanjutan)

   Rincian saldo transaksi dengan pihak-pihak berelasi                   Details of transactions with related parties are as follows:
   sebagai berikut: (lanjutan)                                           (continued)

                                                           Tahun yang berakhir
                                                        pada tanggal 31 Desember/
                                                         Year ended 31 December
                                                         2025                  2024
   Laporan laba rugi dan penghasilan                                                              Statement of profit or loss and other
     komprehensif lain                                                                                         comprehensive income
   Pendapatan bunga dari obligasi                                                                       Interest income from government
     pemerintah dan SPN (Catatan 41)                      14.146.067             15.186.343           bonds and treasury bills (Note 41)
   Total Pendapatan bunga                                164.412.466            151.236.027                        Total Interest income
   Persentase terhadap pendapatan bunga dan                                                     Percentage to interest income and sharia
     pendapatan syariah                                         8,60%                 10,04%                                     income

   Beban bunga pinjaman yang diterima                                                                         Interest expense from fund
     (Catatan 42)                                            216.163                251.816                        borrowings (Note 42)
   Total Beban bunga                                      58.202.431             49.479.107                      Total Interest expense
   Persentase terhadap beban bunga dan beban                                                         Percentage to interest expense and
     syariah                                                    0,37%                  0,51%                            sharia expense


                                                  31 Desember 2025/     31 Desember 2024/
                                                  31 December 2025      31 December 2024
   Komitmen dan kontinjensi                                                                         Commitments and contingencies
     (Catatan 54)                                                                                                      (Note 54)
   Fasilitas kredit yang diberikan yang belum
     digunakan                                                                                                   Unused loan facilities
     Pemerintah Republik Indonesia melalui                                                           The Goverment of Republic of
          Kementerian                                     80.383.539             43.367.362       Indonesia through the Ministry
     PT Pertamina (Persero)                               16.631.277             16.589.453                 PT Pertamina (Persero)
     PT Pegadaian (Persero)                                5.858.973              1.789.890                PT Pegadaian (Persero)
     PT Freeport Indonesia                                 3.144.429              3.035.057                  PT Freeport Indonesia
     PT LEN Industri (Persero)                             2.006.202                 10.372               PT LEN Industri (Persero)
     Badan Pengelola Investasi                                                                      Badan Pengelola Investasi (BPI)
          (BPI) Danantara                                  2.000.000                       -                          Danantara
     PT Pertamina Patra Niaga                              1.500.401               1.043.592             PT Pertamina Patra Niaga
     PT Pelabuhan Indonesia (Persero)                      1.393.417               1.344.064      PT Pelabuhan Indonesia (Persero)
     PT Barata Indonesia (Persero)                         1.150.000                       -         PT Barata Indonesia (Persero)
     PT Mineral Industri Indonesia                                                                     PT Mineral Industri Indonesia
     (Persero)                                             1.121.094              1.402.969                                 (Persero)
     Lainnya                                              13.392.863             39.157.662                                   Others
                                                         128.582.195             107.740.421

   Letter of credit yang tidak dapat dibatalkan                                                   Outstanding irrevocable letter of credit
     yang masih berjalan
     PT Kereta Api Indonesia (Persero)                     2.868.181               3.599.685      PT Kereta Api Indonesia (Persero)
     PT Pindad                                             2.320.221                 914.949                             PT Pindad
     PT Kilang Pertamina International                     1.885.850                 201.744       PT Kilang Pertamina International
     PT Perusahaan Listrik Negara                          1.698.851               1.778.828          PT Perusahaan Listrik Negara
     PT Pembangunan Perumahan                                                                         PT Pembangunan Perumahan
        (Persero) Tbk                                      1.217.716                  617.315                       (Persero) Tbk
     PT Pertamina Patra Niaga                                483.575                   39.087             PT Pertamina Patra Niaga




                                                                402
Page 1417
                                                                                                The original consolidated financial statements
                                                                                              included herein are in the Indonesian language.

         PT BANK MANDIRI (PERSERO) Tbk                                                 PT BANK MANDIRI (PERSERO) Tbk
             DAN ENTITAS ANAKNYA                                                             AND ITS SUBSIDIARIES
       CATATAN ATAS LAPORAN KEUANGAN                                                    NOTES TO THE CONSOLIDATED
                  KONSOLIDASIAN                                                             FINANCIAL STATEMENTS
        Tanggal 31 Desember 2025 dan untuk                                               As of 31 December 2025 and for
       Tahun Berakhir pada Tanggal Tersebut                                                 for the Year Then Ended
          (Disajikan dalam jutaan Rupiah,                                               (Expressed in millions of Rupiah,
              kecuali dinyatakan lain)                                                      unless otherwise stated)

56. TRANSAKSI DENGAN PIHAK-PIHAK BERELASI                              56. RELATED PARTY TRANSACTIONS (continued)
    (lanjutan)

   Rincian saldo transaksi dengan pihak-pihak berelasi                         Details of transactions with related parties are as follows:
   sebagai berikut: (lanjutan)                                                 (continued)
                                                       31 Desember 2025/      31 Desember 2024/
                                                       31 December 2025       31 December 2024
   Komitmen dan kontinjensi                                                                                Commitments and contingencies
     (Catatan 54) (lanjutan)                                                                                          (Note 54) (continued)
   Letter of credit yang tidak dapat dibatalkan                                                          Outstanding irrevocable letter of credit
     yang masih berjalan (lanjutan)                                                                                              (continued)
     PT Pupuk Kalimantan Timur                                      251.426                  135.032           PT Pupuk Kalimantan Timur
     PT Indonesia Power                                             250.137                  316.403                    PT Indonesia Power
     PT Pupuk Sriwidjaja Palembang                                  246.088                  178.347       PT Pupuk Sriwidjaja Palembang
     PT PAL Indonesia                                               243.770                  395.308                      PT PAL Indonesia
     Lainnya                                                      1.716.324                1.729.253                                  Others
                                                                 13.182.139                9.905.951

   Garansi yang diberikan dalam bentuk bank                                                              Guarantees issued in the form of bank
     garansi                                                                                                                     guarantee
     PT PAL Indonesia                                             8.066.733                3.803.328                     PT PAL Indonesia
     PT Pembangunan Perumahan                                                                                PT Pembangunan Perumahan
         (Persero) Tbk                                            5.327.424                4.293.297                      (Persero) Tbk
     PT Dirgantara Indonesia (Persero)                            4.403.221                1.218.130     PT Dirgantara Indonesia (Persero)
     PT LEN Industri (Persero)                                    3.228.599                2.392.063             PT LEN Industri (Persero)
     PT Adhi Karya (Persero) Tbk                                  3.080.849                4.020.303          PT Adhi Karya (Persero) Tbk
     PT Pindad                                                    2.842.224                3.634.350                             PT Pindad
     PT Brantas Abipraya (Persero)                                2.265.254                2.227.920        PT Brantas Abipraya (Persero)
     PT Bank Negara Indonesia                                                                                   PT Bank Negara Indonesia
         (Persero) Tbk                                            2.158.937                3.064.328                      (Persero) Tbk
     PT Hutama Karya (Persero)                                    1.862.170                2.600.543           PT Hutama Karya (Persero)
     PT Bank Rakyat Indonesia                                                                                   PT Bank Rakyat Indonesia
        (Persero) Tbk                                             1.506.343                 782.650                       (Persero) Tbk
     PT Wijaya Karya (Persero) Tbk                                1.454.407               1.728.740         PT Wijaya Karya (Persero) Tbk
     Lainnya                                                      9.806.303               7.801.535                                  Others
                                                                 46.002.464              37.567.187
   Garansi yang diberikan dalam bentuk standby                                                                Guarantees issued in the form of
     letter of credit                                                                                                standby letter of credit
     PT Kilang Pertamina International                            1.764.660                 903.825       PT Kilang Pertamina International
     PT PLN Batubara Investasi                                    1.518.402                 651.935             PT PLN Batubara Investasi
     PT Perusahaan Listrik Negara                                                                            PT Perusahaan Listrik Negara
         (Persero)                                                1.510.468                1.238.819                            (Persero)
     PT Pupuk Sriwidjaja Palembang                                1.501.583                  648.643       PT Pupuk Sriwidjaja Palembang
     PT Pupuk Kalimantan Timur                                    1.371.164                   36.060           PT Pupuk Kalimantan Timur
     PT Pertamina Power Indonesia                                   416.728                  389.757        PT Pertamina Power Indonesia
     PT Pertamina Gas                                               374.713                  366.033                     PT Pertamina Gas
     PT Petrokimia Gresik                                           299.144                  391.962                  PT Petrokimia Gresik
     PT Pengembangan Pariwisata                                                                              PT Pengembangan Pariwisata
          Indonesia                                                 249.787                  174.597                              Indonesia
     PT Pertamina Patra Niaga                                       217.063                  230.466             PT Pertamina Patra Niaga
     Lainnya                                                        595.524                  248.909                                Lainnya
                                                                  9.819.236                5.281.006

   Total komitmen dan kontinjensi untuk pihak                                                          Total commitments and contingencies
   berelasi                                                     197.586.034             160.494.565                     for relate parties


   Total komitmen dan kontinjensi -                                                                    Total commitments and contingencies
      neto                                                      419.906.278             383.277.992                                - net

   Persentase total komitmen dan                                                                             Percentages of total commitments
    kontinjensi kepada pihak-pihak berelasi terhadap                                                   and contingencies with related parties
    total komitmen dan                                                                                             to total commitments and
    kontinjensi - neto                                              47,05%                   41,87%                       contingencies - net




                                                                   403
Page 1418
                                                                                     The original consolidated financial statements
                                                                                   included herein are in the Indonesian language.

         PT BANK MANDIRI (PERSERO) Tbk                                      PT BANK MANDIRI (PERSERO) Tbk
             DAN ENTITAS ANAKNYA                                                  AND ITS SUBSIDIARIES
       CATATAN ATAS LAPORAN KEUANGAN                                         NOTES TO THE CONSOLIDATED
                  KONSOLIDASIAN                                                  FINANCIAL STATEMENTS
        Tanggal 31 Desember 2025 dan untuk                                    As of 31 December 2025 and for
       Tahun Berakhir pada Tanggal Tersebut                                      for the Year Then Ended
          (Disajikan dalam jutaan Rupiah,                                    (Expressed in millions of Rupiah,
              kecuali dinyatakan lain)                                           unless otherwise stated)

57. INFORMASI SEGMEN                                            57. SEGMENT INFORMATION

   Grup telah menyajikan segmen operasi berdasarkan                 The Group has presented its operating segments in a
   informasi yang disiapkan secara internal untuk                   manner consistent with the internal reporting provided
   pengambilan keputusan operasional (Catatan 2ak).                 for operational decision making (Note 2ak).
   Di bawah ini penjelasan mengenai operasi dari                   The following describes the operations in each
   masing-masing pelaporan segmen:                                 reportable segment:
       Corporate Banking                :   termasuk kredit yang diberikan, simpanan dari nasabah dan transaksi-
                                             transaksi lainnya milik nasabah korporasi, baik BUMN dan badan usaha
                                             swasta dengan skala besar./
                                             including loans, deposits from customers and other transactions which belong
                                             to corporate customers, including state-owned enterprises and private
                                             enterprises with large scale.

       Commercial Banking               :   termasuk kredit yang diberikan, simpanan dari nasabah dan transaksi-
                                             transaksi lainnya milik nasabah komersial dengan skala menengah./
                                             including loans, deposits from customers and other transactions belong to
                                             commercial customer with medium scale.
       Hubungan Kelembagaan/            :   termasuk kredit yang diberikan, simpanan dari nasabah dan transaksi-
        Government Institution               transaksi lainnya milik nasabah lembaga pemerintah dan dana pensiun
                                             BUMN./
                                             including loans, deposits from customers and other transactions which belong
                                             to government entities and pension plan of state-owned enterprises.

       Retail Banking (terdiri dari :       termasuk kredit yang diberikan kepada badan usaha atau individu dengan
         segmen konsumer/individual,         skala mikro hingga kecil, produk dan jasa lainnya seperti dana pihak ketiga,
         segmen mikro & bisnis               transaksi pembayaran dan transaksi-transaksi lainnya milik nasabah mikro
         dan wealth)/                        dan kecil serta merupakan kredit pembiayaan konsumsi termasuk kredit
        Retail Banking (consists of          kepemilikan rumah, kartu kredit serta produk dan jasa lainnya seperti dana
         consumer/individual segment         pihak ketiga, transaksi pembayaran dan transaksi-transaksi lainnya milik
         and micro & business and            nasabah perorangan./
         wealth segment)                     including loans granted to business entities or individuals with micro-scale to
                                             small, products or other services such as deposits, payment transactions and
                                             other transactions which belong to micro and small customers also consumer
                                             finance loans, including mortgage loans, credit cards and other products and
                                             services such as deposits, payment transactions and other transactions which
                                             belong to individual customers.

       Treasury & International         :   segmen treasury terkait dengan kegiatan treasury Bank termasuk transaksi
          Banking                            valuta asing, money market, fixed income, bisnis perbankan internasional,
                                             pasar modal, dan Kantor Luar Negeri./
                                             treasury segment associated with treasury activities of the Bank include foreign
                                             exchange, money market, fixed income, international banking business, capital
                                             markets, and the Overseas Branches.

       Kantor Pusat/Head Office         :   terutama mengelola aset dan liabilitas Grup selain yang telah dikelola oleh
                                             segmen operasi lainnya termasuk menerima alokasi biaya atas penyediaan
                                             jasa servis secara sentralisasi kepada segmen lainnya serta
                                             pendapatan/biaya yang tidak teralokasi ke pelaporan segmen lainnya./
                                             mainly managing the assets and liabilities of the Group other than those
                                             managed by other operating segments including accepting the cost allocation
                                             for the provision of the centralizing services to other segments as well as
                                             income/costs that are not allocated to other segments reporting.

       Entitas Anak - Syariah/          :   seluruh transaksi yang dilakukan oleh Entitas Anak yang bergerak di bidang
        Subsidiary - Sharia                  perbankan syariah./
                                             including all transactions conducted by a Subsidiary engaged in sharia
                                             banking.

       Entitas Anak - Asuransi/         :   seluruh transaksi yang dilakukan oleh Entitas Anak yang bergerak di bidang
        Subsidiary - Insurance               asuransi jiwa, asuransi kesehatan, dan asuransi kerugian./
                                             including all transactions conducted by Subsidiary engaged in life insurance,
                                             health insurance, and general insurance.

       Entitas Anak - selain Syariah    :   seluruh transaksi Entitas Anak yang bergerak di bidang pembiayaan
          dan asuransi/                      konsumen, layanan remittance, sekuritas, perbankan, dan modal ventura./
        Subsidiaries - other than Sharia     including all transactions of Subsidiaries engaged in consumer finance,
          and insurance                      remittance services, securities, banking and venture capital.
                                                          404
Page 1419
                                                                                                                                                                       The original consolidated financial statements
                                                                                                                                                                     included herein are in the Indonesian language.

                      PT BANK MANDIRI (PERSERO) Tbk                                                                                                      PT BANK MANDIRI (PERSERO) Tbk
                          DAN ENTITAS ANAKNYA                                                                                                                  AND ITS SUBSIDIARIES
                    CATATAN ATAS LAPORAN KEUANGAN                                                                                                         NOTES TO THE CONSOLIDATED
                               KONSOLIDASIAN                                                                                                                  FINANCIAL STATEMENTS
                     Tanggal 31 Desember 2025 dan untuk                                                                                                    As of 31 December 2025 and for
                    Tahun Berakhir pada Tanggal Tersebut                                                                                                      for the Year Then Ended
                       (Disajikan dalam jutaan Rupiah,                                                                                                    (Expressed in millions of Rupiah,
                           kecuali dinyatakan lain)                                                                                                           unless otherwise stated)


  57. INFORMASI SEGMEN (lanjutan)                                                                                              57. SEGMENT INFORMATION (continued)
                                                                                         31 Desember 2025/31 December 2025
                                                                                                                                                     Entitas Anak
                                                                                                                                                         - selain
                                                                                                                                                      Syariah dan Penyesuaian
                                                                                                                                            Entitas    Asuransi/       dan
                                                              Hubungan                             Treasury &               Entitas Anak    Anak -    Subsidiary - Eliminasi***)
                                                           Kelembagaan*)                              Inter-    Kantor*)
                                                                                                                             - Syariah/   Asuransi/    other than /Adjustment
                              Corporate         Commercial /Government              Retail          national    Pusat /     Subsidiary - Subsidiary - Sharia and       and
         Keterangan           Banking*)          Banking*)  Institutional*)        Banking*)        Banking*) Head Office*)    Sharia     Insurance    Insurance Elimination***)                                Total           Description

                                                                                                                                                                                                                       Consolidated
Laporan laba rugi                                                                                                                                                                                              statements of profit
 dan penghasilan                                                                                                                                                                                                  or loss and other
 komprehensif lain                                                                                                                                                                                                 comprehensive
 konsolidasian                                                                                                                                                                                                               income
Pendapatan bunga                                                                                                                                                                                                          Interest and
 dan syariah**)                 59.373.177        32.217.560       17.760.180       80.778.570      28.869.801            361.314        28.263.075          887.733       13.752.500 (97.851.444) 164.412.466      sharia income **)
Beban bunga **)                                                                                                                                                                                                           Interest and
 dan syariah                   (46.396.079) (23.017.853)          (13.889.004) (32.043.905) (30.730.624)                  (243.428)       (9.136.405)                 -    (5.857.940) 103.112.807 (58.202.431) sharia expense **)

Pendapatan bunga dan                                                                                                                                                                                                              Net interest and
 syariah - neto                 12.977.098         9.199.707        3.871.176       48.734.665       (1.860.823)          117.886        19.126.670          887.733         7.894.560        5.261.363 106.210.035               sharia income
Pendapatan                                                                                                                                                                                                                          Net premium
 premi - neto                               -               -                  -               -                -                    -               -       550.415                    -                -       550.415                 income
Pendapatan bunga,                                                                                                                                                                                                                    Net interest,
 Syariah dan                                                                                                                                                                                                                        sharia and
 premi - neto                   12.977.098         9.199.707        3.871.176       48.734.665       (1.860.823)          117.886        19.126.670        1.438.148         7.894.560        5.261.363 106.760.450            premium income
Pendapatan                                                                                                                                                                                                                        Other operating
 operasional lainnya:                                                                                                                                                                                                                  income:
 Pendapatan provisi                                                                                                                                                                                                                       Fees
   dan komisi                    3.769.678         1.268.385          331.422        9.790.664          459.355          5.133.952         4.607.178               -         2.755.894         (563.114)      27.553.414      and commission
 Lainnya                           415.460           131.871           36.961        5.129.581        5.651.788          4.360.265         3.045.192         189.943         2.984.301       (1.496.341)      20.449.021                 Others
Total                            4.185.138         1.400.256          368.383       14.920.245        6.111.143          9.494.217         7.652.370         189.943         5.740.195       (2.059.455)      48.002.435                       Total
Pembalikan/                                                                                                                                                                                                                              Reversal of/
 (pembentukan)                                                                                                                                                                                                                    (allowance for)
 cadangan                                                                                                                                                                                                                              impairment
 kerugian                                                                                                                                                                                                                                losses on
 penurunan nilai                                                                                                                                                                                                                           financial
 aset keuangan                                                                                                                                                                                                                          assets and
 dan lainnya                         51.962         892.812            (22.498)     (6.000.150)         (24.217)          (600.470)       (3.259.129)                 -     (2.369.500)              303      (11.330.887)                    others

Keuntungan dari                                                                                                                                                                                                                     Gain on sale of
 penjualan                                                                                                                                                                                                                            marketable
 efek-efek                                                                                                                                                                                                                         securities and
 dan obligasi                                                                                                                                                                                                                        government
 pemerintah - neto                          -               -                  -               -                -         210.974           243.713             6.187             2.272                   -      463.146              bonds - net
Beban operasional                                                                                                                                                                                                              Other operating
 lainnya:                                                                                                                                                                                                                         expenses:
                                                                                                                                                                                                                                Salaries and
 Beban gaji dan                                                                                                                                                                                                            employee benefit
  tunjangan                        (807.234)        (788.253)         (304.943) (11.436.883)           (196.522)        (3.969.712)       (5.496.618)                 -     (3.635.289)                  -    (26.635.454)       expenses
                                                                                                                                                                                                                                General and
 Beban umum                                                                                                                                                                                                                  administrative
  dan administrasi                 (728.315)        (500.306)         (430.662) (11.624.781)           (222.624)        (6.216.356)       (7.451.839)              -        (3.247.398)               -       (30.422.281)       expenses
 Lainnya                         (1.268.034)        (626.797)         (525.465) (3.051.794)            (572.818)        (2.676.630)       (1.030.158)       (720.035)         (617.733)         562.794       (10.526.670)            Others
Total                            (2.803.583)      (1.915.356)       (1.261.070) (26.113.458)           (991.964)    (12.862.698) (13.978.615)               (720.035)       (7.500.420)         562.794       (67.584.405)                     Total
Pendapatan/(beban)                                                                                                                                                                                                                 Non-operating
 bukan                                                                                                                                                                                                                        income/(expense)
 operasional - neto                         -               -                  -               -                -         124.559            (23.593)                 -           5.858                  -       106.824                  - net
Beban pajak - neto                          -               -                  -               -                -   (11.925.255)          (2.193.889)         (77.428)        (874.858)                  -    (15.071.430)      Tax expense - net
Laba bersih                     14.410.615         9.577.419         2.955.991      31.541.302        3.234.139         (15.440.787)       7.567.527         836.815         2.898.107        3.765.005       61.346.133               Net income

Laba bersih
 yang dapat                                                                                                                                                                                                                           Net income
 diatribusikan                                                                                                                                                                                                                      attributable
 kepada:                                                                                                                                                                                                                                       to:
Kepentingan                                                                                                                                                                                                                        Non-controlling
 nonpengendali                              -               -                  -               -                -                    -               -                -                 -                -     5.052.183                  interest
Pemilik Entitas Induk                       -               -                  -               -                -                    -               -                -                 -                -    56.293.950             Parent Entity
Laporan posisi                                                                                                                                                                                                                     Consolidated
  keuangan                                                                                                                                                                                                                        statement of
  konsolidasian                                                                                                                                                                                                              financial position
Kredit yang diberikan
  dan piutang/                                                                                                                                                                                                                    Loans and sharia
  pembiayaan                                                                                                                                                                                                                         receivables/
  syariah - bruto              636.601.990 328.309.681           121.121.113       404.715.061   6.360.817                    - 314.811.165                       -        51.693.319       (13.645.190) 1.849.967.956          financing - gross
Total aset                     652.205.516 323.724.460           121.527.857       275.626.665 333.612.242          521.399.843 456.192.606              43.813.450       137.305.312       (35.459.925) 2.829.948.026                 Total assets
                                                                                                                                                                                                                       Demand deposits
Giro dan                                                                                                                                                                                                                   and wadiah
 giro wadiah                  (282.753.032) (126.426.814)         (77.838.861) (146.377.154)         (7.648.141)         1.191.686       (27.790.474)                 -       (504.784)       2.037.984 (666.109.590) demand deposits
Tabungan dan                                                                                                                                                                                                            Saving deposits
 tabungan                                                                                                                                                                                                                  and wadiah
 wadiah                        (19.366.211) (33.940.255)           (2.110.787) (490.273.021)          (520.827)           -              (63.311.121)                 -    (12.392.748)               - (621.914.970)  saving deposits
Deposito berjangka            (102.477.377) (35.820.876)         (192.760.477) (247.976.153)       (16.324.065) 106.743.220                         -                 -    (42.202.904)       1.945.984 (528.872.648)     Time deposits
Total simpanan                                                                                                                                                                                                                  Total deposit from
 dari nasabah                 (404.596.620) (196.187.945) (272.710.125) (884.626.328)              (24.493.033) 107.934.906 (91.101.595)              -   (55.100.436)                       3.983.968 (1.816.897.208)                customers
Total liabilitas              (405.878.894) (197.074.237) (274.636.187) (773.224.701)              (81.762.620) (233.557.641) (114.099.143) (40.396.844) (112.698.228)                      20.403.291 (2.212.925.204)              Total liabilities

  *)      Sesuai dengan segmen-segmen operasi Bank Mandiri (Catatan 2ak).                                                     *)         In accordance with operating segments of Bank Mandiri (Note 2ak).
  **)     Termasuk komponen internal transfer pricing antar segmen operasi.                                                   **)        Include component of internal transfer pricing among operating segments.
  ***)    Termasuk eliminasi internal transfer pricing atau reklasifikasi antar segmen operasi dan eliminasi terhadap         ***)       Include elimination of internal transfer pricing or reclassification among operating segments and elimination
          Entitas Anak.                                                                                                                  for Subsidiaries.




                                                                                                                    405
Page 1420
                                                                                                                                                                             The original consolidated financial statements
                                                                                                                                                                           included herein are in the Indonesian language.

                      PT BANK MANDIRI (PERSERO) Tbk                                                                                                              PT BANK MANDIRI (PERSERO) Tbk
                          DAN ENTITAS ANAKNYA                                                                                                                          AND ITS SUBSIDIARIES
                    CATATAN ATAS LAPORAN KEUANGAN                                                                                                                 NOTES TO THE CONSOLIDATED
                               KONSOLIDASIAN                                                                                                                          FINANCIAL STATEMENTS
                     Tanggal 31 Desember 2025 dan untuk                                                                                                            As of 31 December 2025 and for
                    Tahun Berakhir pada Tanggal Tersebut                                                                                                              for the Year Then Ended
                       (Disajikan dalam jutaan Rupiah,                                                                                                            (Expressed in millions of Rupiah,
                           kecuali dinyatakan lain)                                                                                                                   unless otherwise stated)


  57. INFORMASI SEGMEN (lanjutan)                                                                                                 57. SEGMENT INFORMATION (continued)
                                                                                           31 Desember 2024/31 December 2024
                                                                                                                                                                         Entitas Anak -
                                                                                                                                                                         selain Syariah
                                                                                                                                                                         dan asuransi/ Penyesuaian
                                                                   Hubungan                                                                  Entitas Anak - Entitas Anak Subsidiary - dan Eliminasi***)
                                                                 Kelembagaan*)/                        Treasury &      Kantor                  Syariah/      -Asuransi/    other than   /Adjustment
                               Corporate        Commercial        Government           Retail         Inter-national   Pusat*)/               Subsidiary - Subsidiary -   Sharia and        and
         Keterangan            Banking*)         Banking*)        Institutional*)     Banking*)         Banking*)    Head Office*)               Sharia      insurance     insurance    Elimination***)                        Total           Description

                                                                                                                                                                                                                                                Consolidated
Laporan laba rugi                                                                                                                                                                                                                      statements of profit
  dan penghasilan                                                                                                                                                                                                                         or loss and other
  komprehensif lain                                                                                                                                                                                                                        comprehensive
  konsolidasian                                                                                                                                                                                                                                     income
Pendapatan bunga                                                                                                                                                                                                                                  Interest and
  dan syariah**)                 55.458.085       28.329.824         12.599.521       82.023.216        25.675.744            311.561         25.190.341             366.240         13.922.134        (92.640.639)       151.236.027       sharia income **)
Beban bunga                                                                                                                                                                                                                                       Interest and
  dan syariah**)                (43.095.529)    (21.526.623)         (9.354.874)     (31.421.713)     (26.435.919)          (309.039)         (7.889.030)                   -        (5.662.346)        96.215.966        (49.479.107)     sharia expense **)
Pendapatan bunga dan                                                                                                                                                                                                                           Net interest and
  syariah - neto                 12.362.556        6.803.201          3.244.647       50.601.503         (760.175)              2.522         17.301.311             366.240          8.259.788          3.575.327        101.756.920          sharia income
Pendapatan                                                                                                                                                                                                                                        Net premium
  premi - neto                              -               -                  -                  -              -                      -                -         2.520.813                   -                  -          2.520.813                income
Pendapatan bunga,                                                                                                                                                                                                                                 Net interest,
  syariah                                                                                                                                                                                                                                        sharia and
  dan premi - neto               12.362.556        6.803.201          3.244.647       50.601.503          (760.175)             2.522         17.301.311           2.887.053          8.259.788          3.575.327        104.277.733       premium income
Pendapatan                                                                                                                                                                                                                                     Other operating
  operasional lainnya:                                                                                                                                                                                                                              income:
  Pendapatan provisi                                                                                                                                                                                                                                   Fees
    dan komisi                     3.579.720       1.068.987            540.910        7.939.832           249.408          4.207.616          3.591.648                   -          2.876.145           (606.746)        23.447.520      and commission
  Lainnya                            370.578         140.578             47.508        5.979.568         2.795.794          4.640.925          2.674.566           1.163.338          2.552.526         (1.641.886)        18.723.495                 Others
Total                              3.950.298       1.209.565            588.418       13.919.400         3.045.202          8.848.541          6.266.214           1.163.338          5.428.671         (2.248.632)        42.171.015                       Total
Pembalikan/                                                                                                                                                                                                                                          Reversal of/
  (pembentukan)                                                                                                                                                                                                                               (allowance for)
  cadangan                                                                                                                                                                                                                                         impairment
  kerugian                                                                                                                                                                                                                                           losses on
  penurunan nilai                                                                                                                                                                                                                                      financial
  aset keuangan                                                                                                                                                                                                                                     assets and
  dan lainnya                       208.039         533.724              22.539       (8.056.279)         (19.093)             39.701         (2.822.044)                   -        (1.835.591)                  -       (11.929.004)                    others
Keuntungan dari                                                                                                                                                                                                                                 Gain on sale of
  penjualan                                                                                                                                                                                                                                       marketable
  efek- efek                                                                                                                                                                                                                                   securities and
  dan obligasi                                                                                                                                                                                                                                   government
  pemerintah - neto                         -               -                  -                  -              -              1.041            147.338               1.016                902                   -           150.297             bonds - net
Beban operasional                                                                                                                                                                                                                              Other operating
  lainnya:                                                                                                                                                                                                                                        expenses:
                                                                                                                                                                                                                                                Salaries and
  Beban gaji dan                                                                                                                                                                                                                          employee benefit
   tunjangan                        (707.702)       (582.713 )          (261.121)      (8.550.280)        (184.589)        (4.397.981)         (5.284.069 )         (461.312)        (3.560.996)                  -        (23.990.763)         expenses
                                                                                                                                                                                                                                                General and
  Beban umum                                                                                                                                                                                                                                administrative
    dan administrasi                (537.990)       (337.903 )          (287.935)      (8.794.411)        (163.140)        (6.746.929)         (5.822.530 )         (780.922)        (3.047.873)                 -         (26.519.633)         expenses
  Lainnya                           (953.374)       (474.356 )          (283.621)      (3.421.039)        (353.631)          (398.829)           (850.481 )       (1.154.040)          (657.778)           447.099          (8.100.050)               Others

Total                            (2.199.066)     (1.394.972)           (832.677)     (20.765.730)        (701.360)        (11.543.739)       (11.957.080)         (2.396.274)        (7.266.647)           447.099        (58.610.446)                      Total
Pendapatan/(beban)                                                                                                                                                                                                                              Non-operating
  bukan                                                                                                                                                                                                                                    income/(expense)
  operasional - neto                        -               -                  -                  -              -            342.689               4.393                   -             (3.191)                 -           343.891                  - net

Beban pajak - neto                          -               -                  -                  -              -        (11.890.259)        (2.044.505)          (278.899)         (1.024.702)                  -       (15.238.365)       Tax expense - net
Laba bersih                      14.321.827        7.151.518           3.022.927      35.698.894         1.564.574        (14.199.504)         6.895.627           1.376.234          3.559.230          1.773.794         61.165.121               Net income

Laba bersih
  yang dapat                                                                                                                                                                                                                                      Net income
  diatribusikan                                                                                                                                                                                                                                 attributable
  kepada:                                                                                                                                                                                                                                                  to:
Kepentingan                                                                                                                                                                                                                                     Non-controlling
  nonpengendali                             -               -                  -                  -                  -                   -                   -                 -                   -                  -      5.382.379                interest
Pemilik Entitas Induk                       -               -                  -                  -                  -                   -                   -                 -                   -                  -     55.782.742           Parent Entity
Laporan posisi                                                                                                                                                                                                                                  Consolidated
  keuangan                                                                                                                                                                                                                                     statement of
  konsolidasian                                                                                                                                                                                                                           financial position
Kredit yang diberikan
  dan piutang/                                                                                                                                                                                                                                Loans and sharia
  pembiayaan                                                                                                                                                                                                                                     receivables/
  syariah - bruto               515.387.333      292.862.407         96.337.445      397.443.310         8.748.909                  -        275.170.624                   -         46.933.649         (9.667.065) 1.623.216.612           financing - gross
Total aset                      532.047.351      285.625.155         97.040.404      270.832.653       288.676.693        403.099.471        408.613.432          41.914.379        131.222.110        (31.848.386) 2.427.223.262                  Total assets
                                                                                                                                                                                                                                              Demand deposits
Giro dan                                                                                                                                                                                                                                          and wadiah
  giro wadiah                 (266.264.072) (101.979.504)           (56.424.491)    (121.995.373)      (5.041.157)            670.918        (19.147.079)                   -        (1.094.974)         2.699.723        (568.576.009)    demand deposits
Tabungan dan                                                                                                                                                                                                                                 Saving deposits
tabungan                                                                                                                                                                                                                                          and wadiah
  wadiah                        (22.875.714)    (29.835.214)         (2.216.055)    (459.185.804)        (426.607)                  -        (55.280.067)                   -       (10.372.335)                 -        (580.191.796)       saving deposits
Deposito berjangka              (40.428.190)    (29.372.581)        (44.297.076)    (246.264.747)      (4.983.283)        104.031.094                   -                   -       (37.426.416)         1.274.047        (297.467.152)          Time deposits
Total simpanan                                                                                                                                                                                                                               Total deposit from
  dari nasabah                (329.567.976) (161.187.299)          (102.937.622)    (827.445.924)  (10.451.047)            104.702.012 (74.427.146)                         -       (48.893.725)         3.973.770 (1.446.234.957)                 customers
Total liabilitas              (330.132.708) (162.089.578)          (104.667.569)    (719.307.812) (116.194.603)          (187.803.514) (109.666.533)             (38.101.669)      (109.228.303)        16.783.973 (1.860.408.316)               Total liabilities


  *)      Sesuai dengan segmen-segmen operasi Bank Mandiri (Catatan 2ak).                                                        *)          In accordance with operating segments of Bank Mandiri (Note 2ak).
  **)     Termasuk komponen internal transfer pricing antar segmen operasi.                                                      **)         Include component of internal transfer pricing among operating segments.
  ***)    Termasuk eliminasi internal transfer pricing atau reklasifikasi antar segmen operasi dan eliminasi terhadap            ***)        Include elimination of internal transfer pricing or reclassification among operating segments and elimination
          Entitas Anak.                                                                                                                      for Subsidiaries.




                                                                                                                         406
Page 1421
                                                                                                            The original consolidated financial statements
                                                                                                          included herein are in the Indonesian language.

             PT BANK MANDIRI (PERSERO) Tbk                                                     PT BANK MANDIRI (PERSERO) Tbk
                 DAN ENTITAS ANAKNYA                                                                 AND ITS SUBSIDIARIES
           CATATAN ATAS LAPORAN KEUANGAN                                                        NOTES TO THE CONSOLIDATED
                      KONSOLIDASIAN                                                                 FINANCIAL STATEMENTS
            Tanggal 31 Desember 2025 dan untuk                                                   As of 31 December 2025 and for
           Tahun Berakhir pada Tanggal Tersebut                                                     for the Year Then Ended
              (Disajikan dalam jutaan Rupiah,                                                   (Expressed in millions of Rupiah,
                  kecuali dinyatakan lain)                                                          unless otherwise stated)

57. INFORMASI SEGMEN (lanjutan)                                                57. SEGMENT INFORMATION (continued)

   Segmen geografis                                                                    Geographical segment

   Operasional utama Grup dikelola di wilayah Indonesia,                               The Group’s main operations is managed in Indonesia,
   Asia (Singapura, Hong Kong, Timor Leste, Shanghai,                                  Asia (Singapore, Hong Kong, Timor Leste, Shanghai,
   Malaysia), Eropa Barat (Inggris), dan Cayman Islands.                               Malaysia), West Europe (England), and Cayman
                                                                                       Islands.

   Informasi yang berkaitan dengan segmen berdasarkan                                  Information concerning the geographical segments of
   geografis dari Grup disajikan dalam tabel di bawah ini:                             the Group is set out in the table below:

                                                               31 Desember 2025/31 December 2025

                                                                        Eropa Barat/          Cayman             Konsolidasian/
                                       Indonesia        Asia            West Europe           Islands             Consolidated

   Laporan laba rugi dan                                                                                                             Consolidated statements of
     Penghasilan komprehensif                                                                                                         profit or loss and other
     lain konsolidasian                                                                                                               comprehensive income
   Pendapatan bunga dan syariah         155.890.757        6.252.511            216.033             2.053.165        164.412.466       Interest and sharia income
   Beban bunga dan syariah              (53.078.341)      (4.044.589)          (132.713)             (946.788)       (58.202.431)      Interest and sharia expense

   Pendapatan bunga dan
    syariah - neto                      102.812.416       2.207.922             83.320              1.106.377        106.210.035    Net interest and sharia income
   Pendapatan premi - neto                  550.415               -                  -                      -            550.415              Net premium income
   Pendapatan bunga dan syariah                                                                                                           Net interest, sharia and
    dan premi - neto                    103.362.831       2.207.922             83.320              1.106.377        106.760.450               remium income
   Pendapatan operasional lainnya:                                                                                                        Other operating income:
    Pendapatan provisi dan komisi        26.823.814         636.871                  -                92.729          27.553.414         Fees and commisions
    Lainnya                              20.372.682          62.823             13.339                   177          20.449.021                        Others
   Total                                 47.196.496         699.694             13.339                92.906          48.002.435                                Total
   (Pembentukan)/pembalikan                                                                                                             (Allowance for)/reversal of
     cadangan kerugian                                                                                                                    impairment losses on
     penurunan nilai aset                                                                                                                   financial assets and
     keuangan dan lainnya              (11.066.570)        (264.585)               446                   (178)       (11.330.887)                         others
   Keuntungan dari penjualan                                                                                                           Gain on sale of marketable
    efek-efek dan obligasi                                                                                                                      securities and
    pemerintah                              463.146                -                   -                    -            463.146       government bonds - net
   Beban operasional lainnya:                                                                                                          Other operating expenses:
                                                                                                                                    Salaries and employee benefit
     Beban gaji dan tunjangan          (26.328.123)        (250.574)           (43.073)              (13.684)        (26.635.454)                    expenses
     Beban umum, administrasi                                                                                                              General, administrative
       dan lainnya                     (40.669.107)        (230.339)           (27.533)              (21.972)        (40.948.951)         expenses and others
   Total                               (66.997.230)        (480.913)           (70.606)              (35.656)        (67.584.405)                               Total

   Laporan laba rugi dan                                                                                                             Consolidated statements of
     Penghasilan komprehensif                                                                                                         profit or loss and other
     lain konsolidasian                                                                                                               comprehensive income
   Pendapatan/(beban) bukan                                                                                                                 Non operating income/
    operasional - neto                      533.562            1.099                  -             (427.837)             106.824              (expense) - net
   Beban pajak                         (14.702.559)        (364.851)            (4.020)                     -        (15.071.430)                   Tax expense
   Laba bersih                           58.789.676       1.798.366             22.479               735.612          61.346.133                        Net income

   Laba bersih yang dapat
     diatribusikan kepada:                                                                                                           Net income attributable to:
   Kepentingan nonpengendali                       -               -                   -                    -          5.052.183          Non-controlling interest
   Pemilik Entitas Induk                           -               -                   -                    -         56.293.950                   Parent Entity
   Laporan posisi keuangan                                                                                                            Consolidated statement of
     Konsolidasian                                                                                                                         financial position
   Kredit yang diberikan dan                                                                                                                    Loans and sharia
     piutang/pembiayaan                                                                                                                           receivables/
     syariah- bruto                   1.712.610.103      97.811.019          1.162.601             38.384.233      1.849.967.956             financing - gross
   Total aset                         2.644.515.291     132.087.044          4.974.960             48.370.731      2.829.948.026                     Total assets
                                                                                                                                    Demand deposits and wadiah
   Giro dan giro wadiah               (656.823.767)      (9.215.958)           (69.865)                     -       (666.109.590)                    deposits
   Tabungan dan tabungan                                                                                                             Saving deposits and wadiah
     wadiah                           (618.288.173)      (3.626.797)                   -                    -       (621.914.970)            saving deposits
   Deposito berjangka                 (521.905.634)      (6.967.014)                   -                    -       (528.872.648)                 Time deposits

   Total simpanan dari nasabah       (1.797.017.574)    (19.809.769)           (69.865)                   -       (1.816.897.208)    Total deposit from customers
   Total liabilitas                  (2.069.001.088)   (114.056.311)        (4.032.224)        (25.835.581)       (2.212.925.204)                    Total liabilities




                                                                         407
Page 1422
                                                                                                       The original consolidated financial statements
                                                                                                     included herein are in the Indonesian language.

            PT BANK MANDIRI (PERSERO) Tbk                                                   PT BANK MANDIRI (PERSERO) Tbk
                DAN ENTITAS ANAKNYA                                                               AND ITS SUBSIDIARIES
          CATATAN ATAS LAPORAN KEUANGAN                                                      NOTES TO THE CONSOLIDATED
                     KONSOLIDASIAN                                                               FINANCIAL STATEMENTS
           Tanggal 31 Desember 2025 dan untuk                                                 As of 31 December 2025 and for
          Tahun Berakhir pada Tanggal Tersebut                                                   for the Year Then Ended
             (Disajikan dalam jutaan Rupiah,                                                 (Expressed in millions of Rupiah,
                 kecuali dinyatakan lain)                                                        unless otherwise stated)

57. INFORMASI SEGMEN (lanjutan)                                               57. SEGMENT INFORMATION (continued)

    Segmen geografis (lanjutan)                                                       Geographical segment (continued)

    Operasional utama Grup dikelola di wilayah Indonesia,                             The Group’s main operations is managed in Indonesia,
    Asia (Singapura, Hong Kong, Timor Leste, Shanghai,                                Asia (Singapore, Hong Kong, Timor Leste, Shanghai,
    Malaysia), Eropa Barat (Inggris), dan Cayman Islands.                             Malaysia), West Europe (England), and Cayman
    (lanjutan)                                                                        Islands. (continued)

    Informasi yang berkaitan dengan segmen berdasarkan                                Information concerning the geographical segments of
    geografis dari Grup disajikan dalam tabel di bawah ini:                           the Group is set out in the table below: (continued)
    (lanjutan)

                                                         31 Desember 2024/31 December 2024

                                                                       Eropa Barat/        Cayman           Konsolidasian/
                                     Indonesia         Asia            West Europe         Islands           Consolidated
  Laporan laba rugi dan                                                                                                              Consolidated statements of
     Penghasilan komprehensif                                                                                                         profit or loss and other
     lain konsolidasian                                                                                                               comprehensive income
  Pendapatan bunga dan syariah        143.256.544        5.544.063             212.757         2.222.663        151.236.027            Interest and sharia income
  Beban bunga dan syariah             (45.035.523)     (3.371.107)           (137.362)         (935.115)        (49.479.107)           Interest and sharia expense

  Pendapatan bunga dan
    syariah - neto                     98.221.021        2.172.956             75.395         1.287.548         101.756.920        Net interest and sharia income
  Pendapatan premi - neto               2.520.813                -                  -                 -           2.520.813                  Net premium income

  Pendapatan bunga dan syariah                                                                                                            Net interest, sharia and
    dan premi - neto                  100.741.834        2.172.956             75.395         1.287.548         104.277.733                  premium income
  Pendapatan operasional lainnya:                                                                                                         Other operating income:
    Pendapatan provisi dan komisi      22.913.886         527.229                   -             6.405          23.447.520              Fees and commisions
    Lainnya                            18.343.628         272.474               9.813            97.580          18.723.495                             Others

  Total                                41.257.514         799.703               9.813           103.985          42.171.015                                     Total

  (Pembentukan)/pembalikan                                                                                                              (Allowance for)/reversal of
     cadangan kerugian                                                                                                                    impairment losses on
     penurunan nilai aset                                                                                                                   financial assets and
     keuangan dan lainnya             (11.314.308)       (615.051)                355                  -        (11.929.004)                              others

  Keuntungan dari penjualan                                                                                                            Gain on sale of marketable
    efek-efek dan obligasi                                                                                                                      securities and
    pemerintah                            149.256             1.041                   -                -            150.297            government bonds - net

  Beban operasional lainnya:                                                                                                            Other operating expenses:
                                                                                                                                 Salaries and employee benefit
     Beban gaji dan tunjangan         (23.681.058)       (254.407)            (41.119)          (14.179)        (23.990.763)                      expenses
     Beban umum, administrasi                                                                                                           General, administrative
       dan lainnya                    (34.386.919)       (185.828)            (24.756)          (22.180)        (34.619.683)           expenses and others

  Total                               (58.067.977)       (440.235)            (65.875)          (36.359)        (58.610.446)                                    Total

  Pendapatan/(beban) bukan                                                                                                                  Non operating income/
    operasional - neto                   1.014.015        (79.245)                   -         (590.879)             343.891                   (expense) - net
  Beban pajak                         (14.919.990)       (314.704)             (3.671)                -         (15.238.365)                        Tax expense

  Laba bersih                          58.860.344        1.524.465             16.017           764.295          61.165.121                             Net income


  Laba bersih yang dapat
     diatribusikan kepada:                                                                                                           Net income attributable to:
  Kepentingan nonpengendali                       -               -                   -                -          5.382.379               Non-controlling interest
  Pemilik Entitas Induk                           -               -                   -                -         55.782.742                        Parent Entity

  Laporan posisi keuangan                                                                                                             Consolidated statement of
     Konsolidasian                                                                                                                         financial position
  Kredit yang diberikan dan                                                                                                                     Loans and sharia
     piutang/pembiayaan                                                                                                                           receivables/
     syariah- bruto                 1.517.435.476       75.116.822            672.234        29.992.080       1.623.216.612                  financing - gross
  Total aset                        2.275.077.684      106.434.035          4.210.018        41.501.525       2.427.223.262                          Total assets

                                                                                                                                    Demand deposits and wadiah
  Giro dan giro wadiah               (560.332.344)      (8.174.487)           (69.178)                 -       (568.576.009)                demand deposits
  Tabungan dan tabungan                                                                                                              Saving deposits and wadiah
     wadiah                          (576.968.536)      (3.223.260)                   -                -       (580.191.796)                 saving deposits
  Deposito berjangka                 (292.929.427)      (4.537.725)                   -                -       (297.467.152)                      Time deposits


  Total simpanan dari nasabah        (1.430.230.307)    (15.935.472)           (69.178 )               -       (1.446.234.957)       Total deposit from customers
  Total liabilitas                  (1.751.615.503)    (88.871.873)        (3.337.396)       (16.583.544)     (1.860.408.316)                        Total liabilities




                                                                       408
Page 1423
                                                                                                   The original consolidated financial statements
                                                                                                 included herein are in the Indonesian language.

          PT BANK MANDIRI (PERSERO) Tbk                                                    PT BANK MANDIRI (PERSERO) Tbk
              DAN ENTITAS ANAKNYA                                                                AND ITS SUBSIDIARIES
        CATATAN ATAS LAPORAN KEUANGAN                                                       NOTES TO THE CONSOLIDATED
                   KONSOLIDASIAN                                                                FINANCIAL STATEMENTS
         Tanggal 31 Desember 2025 dan untuk                                                  As of 31 December 2025 and for
        Tahun Berakhir pada Tanggal Tersebut                                                    for the Year Then Ended
           (Disajikan dalam jutaan Rupiah,                                                  (Expressed in millions of Rupiah,
               kecuali dinyatakan lain)                                                         unless otherwise stated)

58. JAMINAN PEMERINTAH TERHADAP LIABILITAS                                  58. GOVERNMENT GUARANTEE FOR PAYMENT
    PEMBAYARAN BANK UMUM                                                        OBLIGATIONS OF COMMERCIAL BANKS
   Berdasarkan Undang-undang Republik Indonesia                                  Based on the Law of the Republic of Indonesia
   No. 24 tahun 2004 tanggal 22 September 2004                                   No. 24 year 2004 dated 22 September 2004 as amended
   sebagaimana telah diubah oleh Peraturan Pemerintah                            by Government Regulation in Lieu of Law No. 3 year
   Pengganti Undang-undang Republik Indonesia                                    2008 concerning Amendments to Law No. 24 year 2004
   No. 3 tahun 2008 tentang Perubahan atas Undang-                               regarding the Deposit Insurance Corporation. The
   undang No. 24 tahun 2004 tentang Lembaga Penjamin                             Government of Republic Indonesia has established an
   Simpanan, Pemerintah telah membentuk lembaga                                  independent agency called Deposit Insurance
   penjaminan independen, yaitu Lembaga Penjamin                                 Corporation (“LPS”), LPS guarantee public funds,
   Simpanan (“LPS”) untuk menjamin dana masyarakat                               including funds from other banks in form of demand
   termasuk dana dari bank lain dalam bentuk giro,                               deposits, time deposits, certificates of deposit, savings
   deposito, sertifikat deposito, tabungan dan/atau bentuk                       and/or other equivalent deposits.
   lainnya yang dipersamakan dengan itu.
   Berdasarkan Salinan Peraturan Lembaga Penjamin                                Based on the LPS No. 1/PLPS/2023 dated 22 May 2023
   Simpanan No. 1/PLPS/2023 tanggal 22 Mei 2023                                  regarding the Deposit Guarantee Program, the
   tentang Program Penjaminan Simpanan, besarnya                                 maximum guaranteed amount for each customer in one
   saldo yang dijamin untuk setiap nasabah pada satu                             bank is Rp2,000,000,000 (full amount).
   bank adalah paling tinggi sebesar Rp2.000.000.000
   (nilai penuh).
   Suku bunga simpanan LPS pada tanggal 31 Desember                              The interest rate of LPS as of 31 December 2025 and
   2025 dan 2024 masing-masing adalah sebesar 3,50%                              2024 for deposits denominated in Rupiah is 3.50% and
   dan 4,25% untuk simpanan dalam mata uang Rupiah                               4.25% respectively, for deposits denominated in foreign
   dan masing-masing sebesar 2,00% dan 2,25% untuk                               currencies is 2.00% and 2.25%, respectively.
   simpanan dalam mata uang asing.
59. TAMBAHAN INFORMASI ARUS KAS                                             59. ADDITIONAL INFORMATION OF CASH FLOWS
   a.    Perubahan liabilitas pada aktivitas pendanaan                           a. Changes of liabilities in financing activities
         Perubahan pada liabilitas yang timbul dari                                  Changes in liabilities arising from financing activities
         aktivitas pendanaan pada laporan arus kas                                   in the consolidated statement of cash flow are as
         konsolidasian adalah sebagai berikut:                                       follow:
                                                                            Non-arus kas/Non-cash flow

                                          1 Januari                      Selisih kurs/                       31 Desember
                                            2025/                        Differences                             2025/
                                          1 January     Arus kas/           due to           Lainnya/        31 December
                                             2025       Cash flow       exchange rate         Others             2025

        Efek-efek yang diterbitkan         41.141.067    20.358.171              739.323         (33.330)      62.205.231  Debt securities issued
        Pinjaman yang diterima            147.915.981     3.141.941            3.611.239           3.261      154.672.422        Fund borrowing
        Pinjaman dan efek-efek                                                                                            Subordinated loans and
           subordinasi                       403.562         (17.338)             3.435             120           389.779 marketable securities
        Liabilitas atas efek-efek                                                                                                 Securities sold
           yang dijual dengan                                                                                             under agreements to
           janji dibeli kembali            90.256.225    (52.356.534)           221.211        1.834.987       39.955.889 repurchase liabilities
        Total liabilitas dari aktivitas                                                                                      Total liabilities from
          pendanaan                       279.716.835    (28.873.760)          4.575.208       1.805.038      257.223.321   financing activities


                                                                            Non-arus kas/Non-cash flow

                                          1 Januari                      Selisih kurs/                       31 Desember
                                            2024/                        Differences                             2024/
                                          1 January     Arus kas/           due to           Lainnya/        31 December
                                             2024       Cash flow       exchange rate         Others             2024

        Efek-efek yang diterbitkan         50.317.764    (10.621.275)          1.440.279           4.299       41.141.067  Debt securities issued
        Pinjaman yang diterima             95.445.459     50.822.496           1.766.126        (118.100)     147.915.981        Fund borrowing
        Pinjaman dan efek-efek                                                                                            Subordinated loans and
           subordinasi                       415.171         (16.887)             5.167             111           403.562 marketable securities
        Liabilitas atas efek-efek                                                                                                 Securities sold
           yang dijual dengan                                                                                             under agreements to
           janji dibeli kembali            36.330.064    53.371.351             554.810                  -     90.256.225 repurchase liabilities
        Total liabilitas dari aktivitas                                                                                      Total liabilities from
          pendanaan                       182.508.458    93.555.685            3.766.382        (113.690)     279.716.835   financing activities




                                                                      409
Page 1424
                                                                                   The original consolidated financial statements
                                                                                 included herein are in the Indonesian language.

          PT BANK MANDIRI (PERSERO) Tbk                                   PT BANK MANDIRI (PERSERO) Tbk
              DAN ENTITAS ANAKNYA                                               AND ITS SUBSIDIARIES
        CATATAN ATAS LAPORAN KEUANGAN                                      NOTES TO THE CONSOLIDATED
                   KONSOLIDASIAN                                               FINANCIAL STATEMENTS
         Tanggal 31 Desember 2025 dan untuk                                 As of 31 December 2025 and for
        Tahun Berakhir pada Tanggal Tersebut                                   for the Year Then Ended
           (Disajikan dalam jutaan Rupiah,                                 (Expressed in millions of Rupiah,
               kecuali dinyatakan lain)                                        unless otherwise stated)

59. TAMBAHAN INFORMASI ARUS KAS (lanjutan)                     59. ADDITIONAL INFORMATION OF CASH FLOWS
                                                                   (continued)

   b.    Penerimaan bersih dari pengalihan pengendalian           b. Net proceeds from control transfer of a Subsidiaries
         atas Entitas Anak

         Tabel berikut ini merupakan rekonsiliasi arus kas             The following table is the reconciliation of cash flow
         yang diperoleh dan dilepaskan dalam pengalihan                received and released from control transfer of
         pengendalian atas Entitas Anak:                               a Subsidiaries:

                                                      31 Desember 2024/
                                                      31 December 2024

        Imbalan kas yang diterima                               1.710.000                      Cash consideration received
        Dikurangi saldo kas Entitas Anak                                                  Less cash balance of Subsidiary
          yang dialihkan pengendaliannya                         (758.716)                 in which control is transferred

        Penerimaan bersih dari pengalihan                                                Net proceeds from control transfer
          pengendalian atas Entitas Anak                          951.284                                of Subsidiaries


60. KEGIATAN JASA KUSTODIAN DAN WALI AMANAT                    60. CUSTODIAN SERVICES AND TRUST OPERATIONS

   Kegiatan Jasa Kustodian                                        Custodian Services

   Bank Mandiri telah memberikan Jasa Kustodian sejak             Bank       Mandiri     started     providing  Custodian
   tahun 1995. Surat izin operasi telah diperbaharui oleh         Services since 1995. The operating license was
   Bapepam dan LK berdasarkan Surat Keputusan                     renewed by Capital Market and Financial Institutions
   No. KEP.01/PM/Kstd/1999 tertanggal 4 Oktober 1999.             Supervisory         Board      based       on   Decree
   Kustodian Bank Mandiri merupakan bagian dari unit              No. KEP.01/PM/Kstd/1999 dated 4 October 1999. Bank
   kerja Financial Institutions Business Group dimana             Mandiri’s Custodian, which is the part of Financial
   jasa-jasa yang ditawarkan adalah sebagai berikut:              Institutions Business Group, provides a full range of
                                                                  Custodian Services as follows:
   a. Penyelesaian transaksi (settlement) jual dan beli           a. Settlement and handling services for script and
      efek dengan maupun tanpa warkat (scripless).                      scripless trading transactions.
   b. Penyimpanan (safekeeping) dan administrasi                  b. Safekeeping and administration of marketable
      (administration) atas efek-efek maupun dokumen                    securities and other valuable assets.
      berharga lainnya.
   c. Pengurusan hak-hak nasabah atas kepemilikan                 c.   Corporate action services which starting from
      efek-efek yang disimpan sampai dengan hak                        administrating the safekeeping of customer’s
      tersebut efektif di rekening nasabah (corporate                  ownership right on marketable securities until that
      action).                                                         right become effective in the customer’s account.
  d. Perwalian (proxy) pada Rapat Umum Pemegang                   d.   Proxy services for its customers’ in General
      Saham dan Rapat Umum Pemegang Obligasi.                          Meeting of Shareholders and General Meeting of
                                                                       Bondholders.
  e.    Penyampaian laporan (reporting) dan informasi             e.   Reporting and information submission related to the
        (information) yang terkait dengan efek-efek                    customers’ marketable securities and/or other
        dan/atau dokumen berharga milik nasabah yang                   valuable assets which are kept and administered by
        disimpan dan diadministrasikan oleh kustodian                  Bank Mandiri’s custodian.
        Bank Mandiri.




                                                         410
Page 1425
                                                                                     The original consolidated financial statements
                                                                                   included herein are in the Indonesian language.

          PT BANK MANDIRI (PERSERO) Tbk                                      PT BANK MANDIRI (PERSERO) Tbk
              DAN ENTITAS ANAKNYA                                                  AND ITS SUBSIDIARIES
        CATATAN ATAS LAPORAN KEUANGAN                                         NOTES TO THE CONSOLIDATED
                   KONSOLIDASIAN                                                  FINANCIAL STATEMENTS
         Tanggal 31 Desember 2025 dan untuk                                    As of 31 December 2025 and for
        Tahun Berakhir pada Tanggal Tersebut                                      for the Year Then Ended
           (Disajikan dalam jutaan Rupiah,                                    (Expressed in millions of Rupiah,
               kecuali dinyatakan lain)                                           unless otherwise stated)

60. KEGIATAN JASA KUSTODIAN DAN WALI AMANAT                       60. CUSTODIAN SERVICES AND TRUST OPERATIONS
    (lanjutan)                                                        (continued)

   Kegiatan Jasa Kustodian (lanjutan)                                Custodian Services (continued)

   Untuk memenuhi kebutuhan investor dalam                           In order to fulfill the investors’ needs in investing on
   melakukan investasi pada berbagai instrumen efek-                 various marketable securities instruments, Bank
   efek, Kustodian Bank Mandiri memfasilitasinya dengan              Mandiri’s Custodian facilitate it through provisions of
   menyediakan beragam layanan:                                      various services as follow:

   a.    Kustodian umum untuk melayani investor yang                 a.   General custodian which provide services for
         melakukan investasi pada instrumen pasar modal                   investors who are investing in capital market or
         maupun pasar uang di Indonesia.                                  money market in Indonesia.
   b.    Kustodian lokal untuk American Depository                   b.   Local custodian for American Depository Receipts
         Receipts (ADR) dan Global Depository Receipts                    (ADR) and Global Depository Receipts (GDR)
         (GDR) yang dibutuhkan oleh investor yang akan                    which is needed by the investors to convert the
         melakukan konversi dari saham perusahaan yang                    companies’ shares which are listed in local and
         terdaftar di bursa lokal dan luar negeri (dual/multi             overseas stock exchange (dual/multi listing).
         listing).
   c.    Sub-Registry untuk melayani investor yang                   c.   Sub-Registry which provide services for investors
         melakukan transaksi dan investasi pada Surat                     that conduct transaction and investment in
         Utang Negara (SUN, baik Obligasi Negara                          Government Bonds (either in form of Bonds or
         maupun Surat Perbendaharaan Negara) serta                        Treasury Bills) and Bank Indonesia Certificates
         Sertifikat Bank Indonesia (SBI).                                 (Sertifikat Bank Indonesia (SBI)).
   d.    Kustodian mutual fund (reksa dana) dan                      d.   Custodian for mutual funds and discretionary fund
         discretionary fund (kontrak pengelolaan dana)                    issued and managed by investment manager.
         yang diterbitkan dan dikelola oleh manajer
         investasi.
   e.    Kustodian Euroclear bagi nasabah yang akan                  e.   Custodian of Euroclear for customer who is
         melakukan investasi dan penyelesaian transaksi                   conducting investment and settlement of securities
         efek-efek yang tercatat di Euroclear Operations                  transactions registered at the Euroclear Operations
         Centre, Brussels. Kustodian Bank Mandiri                         Centre, Brussels. Bank Mandiri’s Custodian is a
         merupakan direct member dari Euroclear.                          direct member of Euroclear
   f.    Kustodian Pinjam Meminjam Efek (securities                  f.   Securities lending and borrowing as services for
         lending and borrowing) bagi nasabah yang ingin                   customers who want to maximise their investment
         memaksimalkan hasil investasinya dengan                          return by lending their securities to securities
         meminjamkan efek-efeknya (saham) kepada                          companies through intermediary and guarantee of
         perusahaan sekuritas melalui perantara dan                       PT Kliring Penjaminan Efek Indonesia (PT KPEI).
         penjaminan PT Kliring Penjaminan Efek Indonesia
         (PT KPEI).
   g.     Kustodian Exchange Traded Fund (ETF) yang                  g. Custodian for Exchange Traded Fund (ETF) which
          diterbitkan dan dikelola oleh manajer investasi               issued and managed by an investment manager
          dimana unit penyertaannya diperdagangkan di                   where the unit of participation will be traded on stock
          bursa.                                                        exchange.
   h.     Jasa Kustodian Efek Beragun Aset (EBA)                     h. Custodian for Asset Backed Securities (Efek
          berbentuk Kontrak Investasi Kolektif (KIK) yang               Beragun Aset (EBA)) in the form of Collective
          diterbitkan oleh manajer investasi dan bank                   Investment Contract (Kontrak Investasi Kolektif
          kustodian dalam rangka transaksi sekuritisasi aset            (KIK)) which was issued by the investment manager
          yang dimiliki perbankan atau lembaga keuangan                 and custodian bank in relation to asset securitisation
          lainnya.                                                      transactions owned by banks or other financial
                                                                        institutions.




                                                            411
Page 1426
                                                                                 The original consolidated financial statements
                                                                               included herein are in the Indonesian language.

       PT BANK MANDIRI (PERSERO) Tbk                                    PT BANK MANDIRI (PERSERO) Tbk
           DAN ENTITAS ANAKNYA                                                AND ITS SUBSIDIARIES
     CATATAN ATAS LAPORAN KEUANGAN                                       NOTES TO THE CONSOLIDATED
                KONSOLIDASIAN                                                FINANCIAL STATEMENTS
      Tanggal 31 Desember 2025 dan untuk                                  As of 31 December 2025 and for
     Tahun Berakhir pada Tanggal Tersebut                                    for the Year Then Ended
        (Disajikan dalam jutaan Rupiah,                                  (Expressed in millions of Rupiah,
            kecuali dinyatakan lain)                                         unless otherwise stated)

60. KEGIATAN JASA KUSTODIAN DAN WALI AMANAT                  60. CUSTODIAN SERVICES AND TRUST OPERATIONS
    (lanjutan)                                                   (continued)

   Kegiatan Jasa Kustodian (lanjutan)                           Custodian Services (continued)

   Untuk    tahun yang      berakhir    pada    tanggal         As of 31 December 2025 and 2024, Bank Mandiri’s
   31 Desember 2025 dan 2024, kustodian Bank Mandiri            Custodian has 42.234 and 19,460 customers,
   memiliki 42.234 dan 19.460 nasabah yang terdiri dari         respectively, which consist of pension funds, insurance
   dana pensiun, perusahaan asuransi, bank, yayasan,            companies, banks, foundation, securities companies,
   perusahaan sekuritas, reksa dana, institusi/badan            mutual funds, other institution/legal entities and
   hukum lain maupun perseorangan. Nilai portofolio             individual customer. Total portfolio by currencies as of
   berdasarkan mata uang yang disimpan pada tanggal             31 December 2025 are amounted to Rp717,194,948,
   31 Desember 2025 sebesar Rp717.194.948,                      USD4,707, AUD0.864, HKD0.257, JPY1,093, and
   USD4.707, AUD0,864, HKD0,257, JPY1.093 dan                   EUR0.971 and as of 31 December 2024 are amounted
   EUR0,971 dan pada tanggal 31 Desember 2024                   to Rp642,827,813, USD5,356 and EUR0.1. Assets kept
   sebesar Rp642.827.813, USD5.356 dan EUR0,1. Aset             in custodian services activities are not included in the
   yang disimpan dalam kegiatan jasa kustodian tidak            consolidated financial statement of Bank Mandiri and its
   termasuk     dalam    laporan    posisi   keuangan           Subsidiaries.
   konsolidasian Bank Mandiri dan Entitas Anak.

   Bank Mandiri mengasuransikan portofolio nasabah              Bank Mandiri has insured the customer’s portfolio kept
   yang disimpan di kustodian terhadap kemungkinan              in custodians against potential losses arising from
   kerugian yang timbul dari penyimpanan dan                    safekeeping and transfer of securities in accordance
   pemindahan efek-efek sesuai dengan ketentuan                 with the Financial Services Authority’s regulation.
   Otoritas Jasa Keuangan.

   Kegiatan Wali Amanat                                         Trustee Agent Operations

   Bank Mandiri telah memberikan Jasa Wali Amanat               Bank Mandiri has been providing Trustee Agent
   sejak tahun 1983. Surat izin operasi untuk kegiatan          Operations Services since 1983. The operating license
   wali amanat telah diperbaharui dan didaftarkan               for trust services was renewed and re-registered in
   kembali ke Bapepam dan LK berdasarkan Surat                  Decree of Capital Market and Financial Institutions
   Keputusan No. 17/STTD-WA/PM/1999 tertanggal                  Supervisory       Board      based    on      Decree
   27 Oktober 1999. Jasa-jasa yang ditawarkan adalah            No. 17/STTD-WA/PM/1999 dated 27 October 1999.
   sebagai berikut:                                             The type of services are as follows:
   a. Jasa wali amanat dan agen pemantau untuk                  a. Trustee agent for bonds and Medium Term Notes
       penerbitan Obligasi dan Medium Term Notes                     (MTN) issuance
       (MTN)
   b. Jasa agen pengelola rekening penampungan                  b.   Escrow agent
   c. Jasa agen pembayaran                                      c.   Paying agent
   d. Jasa penampungan dana IPO/Initial Public                  d.   Initial Public Offering/IPO (receiving bank)
       Offering
   e. Jasa agen penjaminan                                      e.   Security agent

   Untuk tahun yang berakhir pada tanggal 31 Desember           For year ended 31 December 2025 and 2024, Bank
   2025 dan 2024, Bank Mandiri selaku Wali Amanat               Mandiri as the Trustee manage 115 and 110 customers
   mengelola masing-masing 115 dan 110 emisi Obligasi           with the total value of bonds and MTN issued based on
   dan MTN dengan nilai emisi berdasarkan mata uang             currency amounted Rp128,054,874 and Rp69,389,196,
   sebesar Rp128.054.874 dan Rp69.389.196.                      respectively.

   Baik wali amanat maupun kustodian Bank Mandiri               Both Bank Mandiri’s trustee operations and custodian
   telah mendapat sertifikasi standar mutu pelayanan ISO        services have received quality certification ISO
   9001:2015.                                                   9001:2015.




                                                       412
Page 1427
                                                                                   The original consolidated financial statements
                                                                                 included herein are in the Indonesian language.

        PT BANK MANDIRI (PERSERO) Tbk                                     PT BANK MANDIRI (PERSERO) Tbk
            DAN ENTITAS ANAKNYA                                                 AND ITS SUBSIDIARIES
      CATATAN ATAS LAPORAN KEUANGAN                                        NOTES TO THE CONSOLIDATED
                 KONSOLIDASIAN                                                 FINANCIAL STATEMENTS
       Tanggal 31 Desember 2025 dan untuk                                   As of 31 December 2025 and for
      Tahun Berakhir pada Tanggal Tersebut                                     for the Year Then Ended
         (Disajikan dalam jutaan Rupiah,                                   (Expressed in millions of Rupiah,
             kecuali dinyatakan lain)                                          unless otherwise stated)

60. KEGIATAN JASA KUSTODIAN DAN WALI AMANAT                    60. CUSTODIAN SERVICES AND TRUST OPERATIONS
    (lanjutan)                                                     (continued)

   Kegiatan Usaha Bank Berupa Penitipan Dengan                    Trust Services
   Pengelolaan (Trust)

   Bank Mandiri melakukan kegiatan penitipan dengan               Bank Mandiri carried out custodial management (Trust)
   pengelolaan (Trust) setelah mendapatkan izin prinsip           activities after obtaining a principal license based on
   berdasarkan        Surat      Bank        Indonesia            Bank Indonesia Letter No. 15/30/DPB1/PB1-1 dated
   No. 15/30/DPB1/PB1-1 tanggal 26 April 2013 dan surat           26 April 2013, and a confirmation letter for Trust services
   penegasan layanan Trust No. 15/32/DPB1/PB1-1                   No. 15/32/DPB1/PB1-1 dated 28 August 2013.
   tanggal 28 Agustus 2013.

   Kegiatan Penitipan dengan Pengelolaan (Trust)                  The Custodial Management (Trust) activity is a custodial
   merupakan layanan penitipan dengan pengelolaan                 service involving the management of assets owned by
   atas harta milik penitip harta Trust (Settlor)                 the Trust depositor (Settlor), based on a written
   berdasarkan perjanjian tertulis antara Bank Mandiri            agreement between Bank Mandiri as the recipient and
   sebagai penerima dan pengelola harta Trust (Trustee)           manager of the Trust assets (Trustee) and the Trust
   dengan penitip harta Trust (Settlor) untuk kepentingan         depositor (Settlor), for the benefit of the beneficiary
   penerima manfaat (Beneficiary).                                (Beneficiary).

   Fungsi dari Layanan Trust Bank Mandiri adalah                  Functions of Bank Mandiri Trust Service are:
   sebagai:
   a. Agen pembayar (paying agent) yaitu kegiatan                 a.   Paying agent is the activity of receiving and
       menerima dan melakukan pemindahan uang                          transferring money and/or funds, as well as
       dan/atau dana, serta mencatat arus kas masuk                    recording cash in and cash out for and on behalf of
       dan kas keluar untuk dan atas nama nasabah                      the customer (settlor).
       (settlor).
   b. Agen investasi (investment agent) yaitu                     b.   Investment agent is the activity of placing,
       kegiatan menempatkan, mengkonversi, dan                         converting, and administering the placement of
       mengadministrasikan penempatan dana untuk                       funds for and on behalf of the customer (settlor).
       dan atas nama nasabah (settlor).

   Layanan Trust Bank Mandiri juga mengelola nasabah              Bank Mandiri’s Trust Service also managing customers
   dari berbagai segmen, mencakup oil and gas                     from various segments, including oil and gas company,
   company, segmen corporate dan segmen commercial,               corporate segments and commercial segments, as well
   juga nasabah non-profit organisation untuk kegiatan            as non-profit organisation customers for the distribution
   pendistribusian hasil penjualan gas, jual-beli/akuisisi        of gas sales proceeds, company sales/acquisition, and
   perusahaan, penampungan untuk dana bantuan luar                pooling of funds for foreign aid and others.
   negeri dan sebagainya.

61. KREDIT PENERUSAN (CHANNELING LOANS)                        61. CHANNELING LOANS

   Kredit penerusan berdasarkan sumber dana dan                   Channeling loans based on sources of funds and
   sektor ekonomi adalah sebagai berikut:                         economic sectors are as follows:

                                            31 Desember 2025/    31 Desember 2024/
                                            31 December 2025     31 December 2024

   Pemerintah:                                                                                           United States Dollar
     Pertanian                                         157.001              157.614                           Agriculture
     Industri                                           14.543               14.543                       Manufacturing

   Total                                               171.544              172.157                                      Total




                                                         413
Page 1428
                                                                                   The original consolidated financial statements
                                                                                 included herein are in the Indonesian language.

          PT BANK MANDIRI (PERSERO) Tbk                                   PT BANK MANDIRI (PERSERO) Tbk
              DAN ENTITAS ANAKNYA                                               AND ITS SUBSIDIARIES
        CATATAN ATAS LAPORAN KEUANGAN                                      NOTES TO THE CONSOLIDATED
                   KONSOLIDASIAN                                               FINANCIAL STATEMENTS
         Tanggal 31 Desember 2025 dan untuk                                 As of 31 December 2025 and for
        Tahun Berakhir pada Tanggal Tersebut                                   for the Year Then Ended
           (Disajikan dalam jutaan Rupiah,                                 (Expressed in millions of Rupiah,
               kecuali dinyatakan lain)                                        unless otherwise stated)

61. KREDIT PENERUSAN           (CHANNELING       LOANS)        61. CHANNELING LOANS (continued)
    (lanjutan)

   Bank Mandiri telah ditunjuk untuk menatausahakan               Bank Mandiri has been appointed to administer the loans
   kredit kelolaan yang diterima oleh Pemerintah                  received by the Government of the Republic of Indonesia
   Indonesia dengan beberapa skema yang saat ini                  through several existing schemes as follows:
   (existing) yaitu sebagai berikut:

   1.    Penerusan pinjaman Kementerian Keuangan                  1.   Channeling loans from the Ministry of Finance in
         dalam berbagai mata uang dari beberapa                        various currencies from several bilateral and
         lembaga keuangan bilateral dan multilateral untuk             multilateral financial institutions to finance
         membiayai proyek-proyek Pemerintah melalui                    Government projects through State Owned
         BUMN, BUMD dan Pemda, antara lain: Asian                      Enterprises, Region Owned Enterprises and
         Development Bank, Banque Français & Credit                    Regional Government, such as: Asian Development
         National, Barclays, BNP Paribas, BNP Paribas &                Bank, Banque Français & Credit National, Barclays,
         CAI     Belgia,  Calyon    &    BNP     Paribas,              BNP Paribas, BNP Paribas & CAI Belgium, Calyon
         Commonwealth        Development      Corporation              & BNP Paribas, Commonwealth Development
         (“CDC”) NES, Export Finance and Insurance                     Corporation (“CDC”) NES, Export Finance and
         Corporation (“EFIC”) Australia, International                 Insurance     Corporation     (“EFIC”)    Australia,
         Development Association (“IDA”), International                International Development Association (“IDA”),
         Bank for Reconstruction and Development, Japan                International Bank for Reconstruction and
         Bank for International Cooperation, Kreditanstalt             Development, Japan Bank for International
         Fur Wiederaufbau, Nederlands Urban Sector Loan                Cooperation, Kreditanstalt Fur Wiederaufbau,
         & De Nederlandse Inveseringsbank voor                         Nederlands Urban Sector Loan & De Nederlandse
         Ontwikkelingslanden NV, Pemerintah Swiss, RDI                 Inveseringsbank voor Ontwikkelingslanden NV,
         - KI, Spanyol, U.B Denmark, US Export Import                  Swiss Government, RDI - KI, Spain, U.B Denmark,
         Bank dan Overseas Economic Cooperation Fund.                  US Export Import Bank and Overseas Economic
         Namun berdasarkan Peraturan Menteri Keuangan                  Cooperation Fund. However, based on the
         No. 40/PMK.05/2015 tanggal 6 Maret 2015 bahwa                 Regulation     of  the     Minister   of    Finance
         terhitung mulai tanggal 1 Oktober 2015                        No. 40/PMK.05/2015 dated 6 March 2015, stated
         pengelolaan penatausahaan pinjaman luar negeri                starting from 1 October 2015 the administration of
         dilakukan oleh Kementerian Keuangan, kecuali                  overseas loans is managed by the Ministry of
         pinjaman dalam bentuk Project Aid BI.                         Finance, except loans in the form of BI Project Aid.

   2.    Penerusan pinjaman eksproyek Perusahaan Inti             2.   Channeling loans from former of Perusahaan Inti
         Rakyat (“PIR”) tetap ada kepada petani dalam                  Rakyat (“PIR”) are still exists to farmers for
         rangka pembangunan kebun rakyat yang meliputi                 community plantation development which includes
         proyek Nucleus Estate & Smallholder (“NES”)                   the Nucleus Estate & Smallholder (“NES”) ADB
         ADB, PIR Khusus dan PIR Lokal. Bank Mandiri                   project, Special PIR and Local PIR. Bank Mandiri as
         sebagai penatausaha pengembalian Piutang                      the administrator for the repayment of receivables
         Negara pada Petani PIR tetap ada, dimana                      to PIR Farmers continues to exist, whereas the
         Kementerian Keuangan sebagai pengelola                        Ministry of Finance is managing the repayment of
         pengembalian piutang negara kepada petani dan                 receivables to farmers and the Ministry of
         Kementerian Pertanian sebagai pengelola teknis                Agriculture is managing the technical execution of
         pelaksanaan proyek PIR tetap ada. Untuk                       the PIR Project still exist. The distribution of
         penyaluran pinjaman Perusahaan Inti Rakyat                    Perusahaan Inti Rakyat Perkebunan (“PIR-Bun”)
         Perkebunan (“PIR-Bun”) sudah tidak dilakukan                  loans has stopped.
         lagi.

   3.    Penerusan Pinjaman Dana Reboisasi Hutan                  3.   Channeling loans of Industrial Plantation Forest
         Tanaman Industri (“DRHTI”) dari Kementerian                   Reforestation (“DRHTI”) from the Ministry of
         Lingkungan Hidup dan Kehutanan (“KLHK”).                      Environment and Forestry (“KLHK”). Since 1999,
         Terhitung sejak tahun 1999, KLHK telah                        the Ministry of Environment and Forestry has
         menghentikan penyaluran Dana Reboisasi dalam                  stopped distributing the Reforestation Loans for
         rangka Pinjaman untuk Pembangunan Hutan                       Industrial Plantation Forests, therefore the DRHTI
         Tanaman Industri tersebut, sehingga pinjaman                  loans which are currently managed by PT Bank
         DRHTI yang saat ini dikelola di PT Bank Mandiri               Mandiri (Persero) Tbk are existing DRHTI Loans
         (Persero) Tbk adalah existing Pinjaman DRHTI                  which were inherited from Participating Bank.
         yang berasal dari Bank Peserta Penggabungan.




                                                         414
Page 1429
                                                                                    The original consolidated financial statements
                                                                                  included herein are in the Indonesian language.

        PT BANK MANDIRI (PERSERO) Tbk                                      PT BANK MANDIRI (PERSERO) Tbk
            DAN ENTITAS ANAKNYA                                                  AND ITS SUBSIDIARIES
      CATATAN ATAS LAPORAN KEUANGAN                                         NOTES TO THE CONSOLIDATED
                 KONSOLIDASIAN                                                  FINANCIAL STATEMENTS
       Tanggal 31 Desember 2025 dan untuk                                    As of 31 December 2025 and for
      Tahun Berakhir pada Tanggal Tersebut                                      for the Year Then Ended
         (Disajikan dalam jutaan Rupiah,                                    (Expressed in millions of Rupiah,
             kecuali dinyatakan lain)                                           unless otherwise stated)

61. KREDIT PENERUSAN           (CHANNELING       LOANS)         61. CHANNELING LOANS (continued)
    (lanjutan)
   Bank Mandiri telah ditunjuk untuk menatausahakan                Bank Mandiri has been appointed to administer the loans
   kredit kelolaan yang diterima oleh Pemerintah                   received by the Government of the Republic of Indonesia
   Indonesia dengan beberapa skema yang saat ini                   through several existing schemes as follows: (continued)
   (existing) yaitu sebagai berikut: (lanjutan)
   Kredit penerusan tidak disajikan dalam laporan posisi           Channeling loans are not presented in the consolidated
   keuangan konsolidasian karena Bank Mandiri dan                  statement of financial position since the credit risk are
   Entitas Anak tidak menanggung risiko atas kredit                not borne by the Bank and its Subsidiaries. In
   tersebut. Berdasarkan perjanjian tersebut di atas, Bank         accordance to the agreement mentioned above, Bank
   Mandiri bertugas melakukan penagihan kepada                     Mandiri is responsible to bill the debtors and made
   debitur dan menyetorkan kembali kepada Pemerintah               payments to the Government in the principal, including
   pembayaran pokok kredit, termasuk bunga dan beban-              the interest and other charges such as loan
   beban lainnya serta pengelolaan dokumentasi kredit.             documentation management. As compensation, Bank
   Sebagai gantinya, Bank Mandiri akan menerima jasa               Mandiri receives banking fee which varies from 0.50% -
   perbankan (banking fee) yang berkisar antara 0,50% -            2.00%.
   2,00%.
62. MANAJEMEN RISIKO                                            62. RISK MANAGEMENT
   Bank Mandiri menerapkan manajemen risiko yang                   Bank Mandiri implements independent risk management
   independen dan sesuai dengan standar yang merujuk               in accordance with standards that refer to the regulations
   pada ketentuan dari OJK, Bank Indonesia serta best              of FSA, Bank Indonesia regulation and international
   practices yang diterapkan di perbankan internasional.           banking best practices. Bank Mandiri adopts the
   Bank Mandiri menggunakan konsep Enterprise Risk                 Enterprise Risk Management (“ERM”) concept as
   Management (“ERM”) sebagai salah satu strategi                  comprehensive and integrated risk management
   manajemen risiko yang komprehensif dan terintegrasi,            strategy which is customised with the Bank’s business
   yang disesuaikan dengan kebutuhan bisnis dan                    and operational needs. ERM implementation provides
   operasional Bank. Penerapan ERM akan memberikan                 value added benefits to the Bank’s and its stakeholders.
   nilai tambah bagi Bank dan stakeholders.
   ERM adalah sebuah proses pengelolaan risiko yang                ERM is a risk management process embedded in
   melekat dalam proses bisnis Bank, artinya pengelolaan           business strategies and operations that are integrated in
   risiko menjadi bagian yang menyatu dalam pengambilan            the Bank’s daily business decision making processes.
   keputusan bisnis Bank sehari-hari. Dengan ERM, Bank             With ERM, the Bank establishes a systematic and
   akan memiliki kerangka kerja pengelolaan risiko yang            comprehensive risk management framework (credit risk,
   sistematis dan menyeluruh (risiko kredit, risiko pasar,         market risk, and operational risk) by connecting the
   dan risiko operasional) dengan menghubungkan                    capital management and business processes with the
   pengelolaan modal dan proses bisnis dengan risiko               risks in holistic approach. In addition, ERM also applies
   yang dihadapi secara utuh. Selain itu, ERM juga                 integrated risk management for the Subsidiaries, to
   menerapkan pengelolaan risiko secara terintegrasi               maximise the effectiveness of supervision and value
   dengan Entitas Anak untuk memaksimalkan efektivitas             creation to the Bank based on POJK No. 30 year 2024
   pengawasan dan nilai perusahaan berdasarkan POJK                regarding Financial Conglomerate and Financial
   No. 30 Tahun 2024 tentang Konglomerasi Keuangan                 Conglomerate Holding Company.
   dan Perusahaan Induk Konglomerasi Keuangan.
   Kerangka pengelolaan risiko Bank mengacu pada POJK              The Bank’s risk management framework is based on
   No. 18/POJK.03/2016 tentang Penerapan Manajemen                 POJK No. 18/POJK.03/2016 regarding Implementation
   Risiko Bagi Bank Umum, Peraturan Menteri BUMN                   of Risk Management for Commercial Banks, Ministerial
   No. PER-2/MBU/03/2023 tentang Pedoman Tata Kelola               Regulation         of       State-owned          Enterprise
   dan Kegiatan Korporasi Signifikan Badan Usaha Milik             No. PER-2/MBU/03/2023 regarding Guidelines for
   Negara, dan POJK No. 17 tahun 2023 tentang                      Governance and Significant Corporate Activities of
   Penerapan Tata Kelola Bagi Bank Umum. Kerangka                  State-Owned Enterprises, and POJK No. 17 of the year
   pengelolaan risiko Bank tercantum dalam Kebijakan               2023 regarding the Implementation of Good Corporate
   Manajemen Risiko (KMNR), dalam kerangka                         Governance by Commercial Banks. The Bank’s risk
   pengelolaan risiko ini, diatur berbagai kebijakan agar          management framework is included in Risk
   manajemen risiko berfungsi sebagai business enabler             Management Policy (KMNR), which consists of various
   sehingga bisnis dapat tetap tumbuh dalam koridor                policies to support risk management function as a
   prudential principle dengan menerapkan proses                   business enabler for business growth within the corridor
   manajemen risiko yang ideal (identifikasi - pengukuran -        of prudential principle by adopting the ideal risk
   pemantauan - pengendalian risiko) pada semua level              management processes (identification - measurement -
   organisasi.                                                     monitoring - risk control) at all organisation levels.


                                                          415
Page 1430
                                                                                        The original consolidated financial statements
                                                                                      included herein are in the Indonesian language.

        PT BANK MANDIRI (PERSERO) Tbk                                          PT BANK MANDIRI (PERSERO) Tbk
            DAN ENTITAS ANAKNYA                                                      AND ITS SUBSIDIARIES
      CATATAN ATAS LAPORAN KEUANGAN                                             NOTES TO THE CONSOLIDATED
                 KONSOLIDASIAN                                                      FINANCIAL STATEMENTS
       Tanggal 31 Desember 2025 dan untuk                                        As of 31 December 2025 and for
      Tahun Berakhir pada Tanggal Tersebut                                          for the Year Then Ended
         (Disajikan dalam jutaan Rupiah,                                        (Expressed in millions of Rupiah,
             kecuali dinyatakan lain)                                               unless otherwise stated)

62. MANAJEMEN RISIKO (lanjutan)                                     62. RISK MANAGEMENT (continued)

   Sebagai bagian dari proses ERM, Bank Mandiri                        As part of the ERM process, Bank Mandiri applies a Risk
   menerapkan Risk Appetite Statement (“RAS”). RAS                     Appetite Statement (“RAS”). RAS represents type and
   merupakan jenis dan tingkat risiko yang sanggup                     level of risk that the Bank is able to take/face within its
   diambil/dihadapi Bank yang berada dalam kapasitas                   risk capacity in order to achieve business objectives. The
   risiko yang dimiliki dalam rangka mencapai tujuan bisnis.           implementation of the RAS is also synchronized with the
   Penerapan RAS juga disinkronkan dengan pemantauan                   monitoring of Bank Mandiri's Recovery Plan indicators
   indikator Recovery Plan Bank Mandiri (mengacu pada                  (referring to POJK No. 5 Year 2024 on the Determination
   POJK No. 5 Tahun 2024 tentang Penetapan Status                      of Supervision Status and Handling of Problems of
   Pengawasan dan Penanganan Permasalahan Bank                         Commercial Banks).
   Umum).

   Adapun Risk Appetite Statement Bank Mandiri sebagai                 The Bank Mandiri Risk Appetite Statement is as follows:
   berikut:

       Dimensi/Dimensions                                                     Statement
                                      Menjaga laba yang stabil serta sustain sesuai dengan tingkat risiko yang diambil./
    Rentabilitas/Rentability
                                      Maintain a stable and sustainable profit in accordance with the level of risk taken.
                                      Menjaga permodalan yang kuat untuk mendukung risiko bisnis yang dihadapi dan
    Permodalan/Capital                memenuhi ketentuan Regulator./
                                      Maintain capital to support the business risks and comply with regulator requirements.
                                       Menjaga posisi likuiditas yang kuat dalam berbagai kondisi stress./Maintain a
                                           strong liquidity position under a variety of stressful conditions.
    Likuiditas/Liquidity
                                       Menjaga pendanaan yang stabil dan terdiversifikasi dengan baik./Maintain stable
                                           and well-diversified funding.
                                       Menjaga kualitas portofolio dan konsentrasi kredit sesuai appetite Bank./Maintain
                                           portfolio quality and credit concentration according to the Bank's appetite.
    Risiko Kredit/Credit Risk
                                          Menjaga biaya kredit pada level yang optimum./Maintain credit costs at optimum
                                           levels.
                                      Menjaga eksposur risiko pasar yang timbul, baik dari aktivitas trading book maupun
                                      banking book, berada dalam appetite yang ditetapkan manajemen./
    Risiko Pasar/Market Risk
                                      Maintain market risk exposure arising from both trading book and banking book activities
                                      within the level of appetite set by management.
                                      Menjaga batas toleransi terhadap fraud eksternal, fraud internal serta isu terkait sistem
                                      IT dan kerahasiaan data temasuk kerugian akibat insiden siber sesuai appetite
    Risiko Operasional/
                                      Bank./Maintain tolerance level to external fraud, internal fraud and issues related to IT
      Operational Risk
                                      systems and data confidentiality including losses due to cyber incidents according to the
                                      Bank’s appetite.
                                      Menjaga batas toleransi atas pelanggaran kepatuhan terhadap regulasi (yang berakibat
    Risiko Kepatuhan/
                                      sanksi/denda) sesuai appetite Bank./Maintain tolerance level for violation of regulatory
      Compliance Risk
                                      compliance (which results in sanctions/fines) according to the Bank’s appetite.
                                      Menjaga potensi kerugian akibat tuntutan hukum pada tingkat yang rendah./
    Risiko Hukum/Legal Risk
                                      Maintain potential losses due to lawsuits at a low level.
    Risiko Reputasi/                  Menjaga reputasi Bank melalui produk dan layanan yang handal./
      Reputation Risk                 Maintain the Bank's reputation through reliable products and services.

   Seluruh risiko yang dihadapi Bank diukur dan dipantau               All risks that faced by the Bank are measured and
   secara rutin, baik melalui metode pengukuran internal               monitored on regular basis through internal
   maupun melalui penyusunan laporan profil risiko secara              measurement method, quarterly risk profile report and
   triwulanan dan laporan tingkat kesehatan Bank secara                semiannually Bank’s soundness report in order to
   semesteran, untuk menggambarkan seluruh risiko yang                 describe all the embedded risks in the Bank’s business
   melekat dalam kegiatan bisnis Bank termasuk risiko                  activities, including consolidated Subsidiaries risks.
   Entitas Anak secara konsolidasi.

   Grup tidak terekspos risiko pasar, risiko kredit dan risiko         There are no market risk, credit risk and liquidity risk
   likuiditas  pada    investasi pemegang            unit-link,        exposed to the Group for policyholders’ investments in
   dikarenakan semua risiko ditanggung langsung oleh                   unit-linked contract, since all credit risk is directly borne
   masing-masing pemegang polis.                                       by each policyholder.


                                                              416
Page 1431
                                                                                        The original consolidated financial statements
                                                                                      included herein are in the Indonesian language.

          PT BANK MANDIRI (PERSERO) Tbk                                        PT BANK MANDIRI (PERSERO) Tbk
              DAN ENTITAS ANAKNYA                                                    AND ITS SUBSIDIARIES
        CATATAN ATAS LAPORAN KEUANGAN                                           NOTES TO THE CONSOLIDATED
                   KONSOLIDASIAN                                                    FINANCIAL STATEMENTS
         Tanggal 31 Desember 2025 dan untuk                                      As of 31 December 2025 and for
        Tahun Berakhir pada Tanggal Tersebut                                        for the Year Then Ended
           (Disajikan dalam jutaan Rupiah,                                      (Expressed in millions of Rupiah,
               kecuali dinyatakan lain)                                             unless otherwise stated)

62. MANAJEMEN RISIKO (lanjutan)                                     62. RISK MANAGEMENT (continued)

   Pengawasan aktif Dewan Direksi dan Dewan Komisaris                  Active supervision by the Board of Directors and the
   terhadap aktivitas manajemen risiko Bank, baik secara               Board of Commissioners in risk management activities,
   langsung maupun tidak langsung dilaksanakan melalui                 directly and indirectly, is implemented through the
   pembentukan komite di bawah supervisi Dewan                         establishment of committees at the level of the Board of
   Komisaris, yaitu Komite Pemantau Risiko, Komite Tata                Commissioners which are Risk Monitoring Committee,
   Kelola Terintegrasi, Komite Remunerasi dan Nominasi,                Integrated Governance Committee, Remuneration and
   dan Komite Audit. Adapun komite di bawah supervisi                  Nomination Committee and Audit Committee. The
   Direksi terdiri dari Asset & Liability Management                   Executive Committee under the supervision of the Board
   Committee (ALCO), Risk Management Committee                         of Directors consists of Asset & Liability Management
   (RMC), Credit Policy Committee (CPC), Integrated Risk               Committee (ALCO), Risk Management Committee
   Committee (IRC), Capital & Subsidiaries Committee                   (RMC), Credit Policy Committee (CPC), Integrated Risk
   (CSC), Business Committee (BC), Information                         Committee (IRC), Capital & Subsidiaries Committee
   Technology & Digital Banking Committee (ITDC),                      (CSC), Business Committee (BC), Information
   Human Capital Policy Committee (HCPC), Policy &                     Technology & Digital Banking Committee (ITDC),
   Procedure Committee (PPC), Credit Committee/Rapat                   Human Capital Policy Committee (HCPC), Policy &
   Komite Kredit (RKK), Transformation Committee (TC),                 Procedure Committee (PPC), Credit Committee/Rapat
   dan Social & Enviromental Responsibility Committee                  Komite Kredit (RKK), Transformation Committee (TC),
   (SERC).                                                             and Social & Enviromental Responsibility Committee
                                                                       (SERC).

   Dari 12 komite yang berada di bawah supervisi Direksi,              From 12 Executive Committees supervised under Board
   terdapat 5 komite yang berkaitan langsung dengan                    of Directors, 5 committees are directly involved with risk
   pengelolaan manajemen risiko yaitu RMC, IRC, ALCO                   management, i.e., RMC, IRC, ALCO, PPC and CPC. All
   PPC dan CPC. Adapun fungsi dan tugas masing-                        functions and key responsibilities are as follows:
   masing komite adalah sebagai berikut:

   1.    Risk Management Committee (RMC)                               1.   Risk Management Committee (RMC)

         Memastikan kecukupan pelaksanaan identifikasi,                     Ensure the adequacy of the implementation of risk
         pengukuran, dan pemantauan risiko, penetapan                       identification, measurement and monitoring,
         kebijakan dan strategi manajemen risiko dalam                      establishing policies and risk management
         rangka    pelaksanaan proses    dan     sistem                     strategies in order to implement effective risk
         manajemen risiko yang efektif.                                     management system.

   2.    Integrated Risk Committee (IRC)                               2.   Integrated Risk Committee (IRC)

         Memberikan rekomendasi kepada Direksi Entitas                      Providing recommendations to the Board of
         Utama dalam rangka penerapan Manajemen Risiko                      Directors of the Main Entity, at least with regard to
         Terintegrasi yang komprehensif dan efektif,                        the drafting and revision or improvement of the
         termasuk penyusunan dan perbaikan atau                             Integrated Risk Management policy based on the
         penyempurnaan kebijakan Manajemen Risiko                           implementation evaluation results. Bank Mandiri as
         Terintegrasi   berdasarkan     hasil    evaluasi                   main entity has established IRC as a fulfillment of
         pelaksanaan. Bank Mandiri sebagai Entitas Utama                    POJK No. 17/POJK.03/2014 regarding The
         membentuk IRC sebagai wujud penerapan                              Implementation of Integrated Risk Management for
         POJK No. 17/POJK.03/2014 tentang Penerapan                         Financial Conglomerates. Members of the IRC
         Manajemen Risiko Terintegrasi bagi Konglomerasi                    include the Board of Directors of the Main Entity and
         Keuangan. Anggota IRC mencakup Direksi Entitas                     its subsidiaries.
         Utama dan Entitas Anak.

   3.    Asset & Liabilities Management Committee (ALCO)               3.   Asset & Liabilities Management Committee (ALCO)

         Menjalankan       fungsi     penetapan       strategi              Manages Bank’s strategic management of asset
         pengelolaan aset dan liabilitas, penetapan suku                    and liabilities, interest rate, liquidity and other areas
         bunga da,n likuiditas, serta hal-hal lain yang terkait             related to the asset and liability management of the
         dengan pengelolaan aset dan liabilitas Bank.                       Bank. Furthermore, in condition of financial
         Selain itu pada kondisi tekanan/krisis keuangan,                   stress/crisis, ALCO has the function and
         ALCO juga memiliki tugas dan wewenang untuk                        responsibility to monitor Bank’s risk and financial
         melakukan pemantauan indikator risiko dan                          indicators stated in the Recovery Plan in cases
         keuangan Bank yang tercantum dalam Recovery                        where these indicators exceed the set limits.
         Plan serta mengusulkan aktivasi Recovery Plan
         dalam hal indikator-indikator tersebut melampaui
         batasan yang ditetapkan.
                                                              417
Page 1432
                                                                                      The original consolidated financial statements
                                                                                    included herein are in the Indonesian language.

           PT BANK MANDIRI (PERSERO) Tbk                                      PT BANK MANDIRI (PERSERO) Tbk
               DAN ENTITAS ANAKNYA                                                  AND ITS SUBSIDIARIES
         CATATAN ATAS LAPORAN KEUANGAN                                         NOTES TO THE CONSOLIDATED
                    KONSOLIDASIAN                                                  FINANCIAL STATEMENTS
          Tanggal 31 Desember 2025 dan untuk                                    As of 31 December 2025 and for
         Tahun Berakhir pada Tanggal Tersebut                                      for the Year Then Ended
            (Disajikan dalam jutaan Rupiah,                                    (Expressed in millions of Rupiah,
                kecuali dinyatakan lain)                                           unless otherwise stated)

62. MANAJEMEN RISIKO (lanjutan)                                  62. RISK MANAGEMENT (continued)

   Dari 12 komite yang berada di bawah supervisi Direksi,           From 12 Executive Committees supervised under Board
   terdapat 5 komite yang berkaitan langsung dengan                 of Directors, 5 committees are directly involved with risk
   pengelolaan manajemen risiko yaitu RMC, IRC, ALCO                management, i.e., RMC, IRC, ALCO, PPC, and CPC. All
   PPC, dan CPC. Adapun fungsi dan tugas masing-                    functions and key responsibilities are as follows:
   masing komite adalah sebagai berikut: (lanjutan)                 (continued)

   4.     Policy & Procedure Committee (PPC)                        4.   Policy & Procedure Committee (PPC)

          PPC adalah komite yang bertugas membantu                       PPC is a committee that assist the Board of
          Direksi dalam pengaturan Peraturan Bank dalam                  Directors in arrangement of the Bank’s Regulations
          bentuk ketentuan Mandiri Group, kebijakan atau                 in the form of Mandiri Group's policies, Bank’s
          prosedur     serta   pengaturan     pemberian                  policies or procedures, as well as arrangement of
          kewenangan kepada pejabat Bank secara ex-                      granting authority to the Bank’s executives on an ex-
          officio.                                                       officio basis.

    5.    Credit Policy Committee (CPC)                             5.   Credit Policy Committee (CPC)

           Membantu       Direksi  dalam    merumuskan                   Assist the Board of Directors in formulating policies,
           kebijakan, mengawasi pelaksanaan kebijakan,                   overseeing policy implementation, monitoring the
           memantau perkembangan dan kondisi portofolio                  growth and condition of the credit and/or financing
           perkreditan atau pembiayaan serta memberikan                  portfolio and providing recommendations for
           saran langkah perbaikan, termasuk dalam                       corrective actions, including evaluating agenda and
           membahas dan/atau mengevaluasi agenda                         determining Management Limit based on the
           terkait Management Limit dan menetapkan                       Authority Holder.
           Management       Limit  sesuai    kewenangan
           memutus.

    Komite di bawah supervisi Dewan Komisaris yang                  Committees formed under Board of Commissioners
    memiliki tugas dan tanggung jawab melakukan kajian              including Risk Monitoring Committee, Integrated
    dan evaluasi atas kebijakan serta pelaksanaan                   Governance Committee, and Audit Committee, which
    manajemen risiko Bank, serta memberikan masukan                 have tasks and responsibilities to review and evaluate
    dan rekomendasi kepada Dewan Komisaris dalam                    the policy and implementation of the Bank's risk
    rangka melaksanakan fungsi pengawasan adalah                    management, as well as providing inputs and
    Komite Pemantau Risiko, Komite Tata Kelola                      recommendations to the Board of Commissioners in
    Terintegrasi, dan Komite Audit.                                 order to carry out the monitoring roles.

    A. Risiko kredit                                                A.   Credit risk

          Dalam menyalurkan kreditnya, Bank Mandiri                      In distributing its credit, Bank Mandiri always
          senantiasa mengedepankan prinsip kehati-hatian                 prioritizes the prudential principle which is reflected
          yang tercermin di beberapa aspek antara lain                   in several aspects, including the following:
          sebagai berikut:

           1. Tata Kelola dan Struktur Organisasi                        1.   Governance and Organisational Structure

               Bank Mandiri senantiasa berpedoman pada                        Bank Mandiri is always guided by the Bank
               Kebijakan Perkreditan Bank Mandiri dalam                       Mandiri Credit Policy in managing credit risk
               mengelola risiko kredit secara end-to-end                      end-to-end which is outlined in more detail in
               yang secara lebih rinci dituangkan dalam                       the form of Credit Procedure Standards (SPK)
               bentuk Standar Prosedur Kredit (SPK) dan                       and Product Manuals.
               Manual Produk.

               Direktorat Manajemen Risiko bersama unit                       The Risk Management Directorate together
               kerja terkait dalam melakukan manajemen                        with related work units carry out integrated
               risiko terintegrasi untuk bertanggung jawab                    risk management to be responsible for
               dalam mengelola 10 jenis risiko yang dihadapi                  managing 10 types of risks faced by the Bank
               Bank beserta Entitas Anak, serta membahas                      and its Subsidiaries, as well as discussing and
               dan mengusulkan kebijakan dan pedoman                          proposing risk management policies and
               pengelolaan risiko.                                            guidelines.


                                                           418
Page 1433
                                                                                           The original consolidated financial statements
                                                                                         included herein are in the Indonesian language.

          PT BANK MANDIRI (PERSERO) Tbk                                            PT BANK MANDIRI (PERSERO) Tbk
              DAN ENTITAS ANAKNYA                                                        AND ITS SUBSIDIARIES
        CATATAN ATAS LAPORAN KEUANGAN                                               NOTES TO THE CONSOLIDATED
                   KONSOLIDASIAN                                                        FINANCIAL STATEMENTS
         Tanggal 31 Desember 2025 dan untuk                                          As of 31 December 2025 and for
        Tahun Berakhir pada Tanggal Tersebut                                            for the Year Then Ended
           (Disajikan dalam jutaan Rupiah,                                          (Expressed in millions of Rupiah,
               kecuali dinyatakan lain)                                                 unless otherwise stated)

62. MANAJEMEN RISIKO (lanjutan)                                       62. RISK MANAGEMENT (continued)

   A.    Risiko kredit (lanjutan)                                        A.   Credit risk (continued)

         Dalam menyalurkan kreditnya, Bank Mandiri                            In distributing its credit, Bank Mandiri always
         senantiasa mengedepankan prinsip kehati-hatian                       prioritizes the prudential principle which is reflected
         yang tercermin di beberapa aspek antara lain                         in several aspects, including the following:
         sebagai berikut: (lanjutan)                                          (continued)

         1.    Tata Kelola dan Struktur Organisasi (lanjutan)                 1.    Governance and Organisational Structure
                                                                                    (continued)

               Struktur organisasi Direktorat Manajemen                            The organisational structure of the Risk
               Risiko terdiri dari Risk Taking Unit dan                            Management Directorate consists of the Risk
               Independent Risk Management Unit. Risk                              Taking Unit and the Independent Risk
               Taking Unit menjalankan fungsi four-eyes                            Management Unit. The Risk Taking Unit
               principle, sedangkan Independent Risk                               carries out the function of the four-eyes
               Management Unit bertanggung jawab                                   principle, while the Independent Risk
               langsung kepada Direktur Manajemen Risiko.                          Management Unit is directly responsible to
               Bank Mandiri menempatkan fungsi analisis                            the Risk Management Director. Bank Mandiri
               kredit yang dilakukan oleh unit bisnis dan unit                     places the credit analysis function carried out
               risiko kredit yang independen.                                      by independent business units and credit risk
                                                                                   units.

          2.   Aktivitas-aktivitas terkait Pengelolaan Risiko                 2.    Activities related to Credit Risk Management
               Kredit

                A. Segmen Wholesale                                                 A. Wholesale Segment

                   Proses pengelolaan kredit di segmen                                The credit management process in the
                   Wholesale diawali dengan menentukan                                Wholesale        segment       begins    with
                   target pasar melalui Loan Portfolio                                determining the target market through the
                   Guideline yang menetapkan Industry                                 Loan Portfolio Guideline which determines
                   Classification (menarik, netral, selektif dan                      the appropriate Industry Classification
                   waspada) dan Industry Limit yang sesuai,                           (attractive, neutral, selective and cautious)
                   serta memilih dan menyaring target                                 and Industry Limit, as well as selecting and
                   nasabah melalui Industry Acceptance                                filtering target customers through Industry
                   Criteria dan Name Clearance untuk                                  Acceptance Criteria and Name Clearance
                   menghasilkan pipeline debitur yang                                 to produce a high quality debtor pipeline.
                   berkualitas.

                   Proses selanjutnya adalah melakukan                                The next process is to carry out a credit risk
                   credit risk assessment menggunakan                                 assessment using a series of credit risk
                   serangkaian credit risk tools (credit risk                         tools (credit risk rating, spreadsheet, CPA,
                   rating, spreadsheet, CPA, NAK, dan                                 NAK, etc.) which is then decided by the
                   sebagainya) yang kemudian diputus oleh                             Credit Approval Authority Holder (through a
                   Pemegang Kewenangan Memutus Kredit                                 Credit Committee Meeting) with a four-eye
                   (melalui Rapat Komite Kredit) dengan                               principle involving the Business Unit and
                   four-eyes principle yang melibatkan                                Independent Credit Risk Management Unit.
                   Business     Unit  dan     Credit    Risk                          The four-eye principle mechanism is carried
                   Management Unit secara independen.                                 out by the Credit Committee in accordance
                   Mekanisme four-eyes principle dilakukan                            with the limits of authority, where the credit
                   oleh Credit Committee sesuai limit                                 termination process is carried out through
                   kewenangan, dimana proses pemutusan                                the RKK mechanism.
                   kredit dilaksanakan melalui mekanisme
                   RKK.




                                                                419
Page 1434
                                                                                      The original consolidated financial statements
                                                                                    included herein are in the Indonesian language.

          PT BANK MANDIRI (PERSERO) Tbk                                       PT BANK MANDIRI (PERSERO) Tbk
              DAN ENTITAS ANAKNYA                                                   AND ITS SUBSIDIARIES
        CATATAN ATAS LAPORAN KEUANGAN                                          NOTES TO THE CONSOLIDATED
                   KONSOLIDASIAN                                                   FINANCIAL STATEMENTS
         Tanggal 31 Desember 2025 dan untuk                                     As of 31 December 2025 and for
        Tahun Berakhir pada Tanggal Tersebut                                       for the Year Then Ended
           (Disajikan dalam jutaan Rupiah,                                     (Expressed in millions of Rupiah,
               kecuali dinyatakan lain)                                            unless otherwise stated)


62. MANAJEMEN RISIKO (lanjutan)                                  62. RISK MANAGEMENT (continued)

   A.    Risiko kredit (lanjutan)                                   A.   Credit risk (continued)

         Dalam menyalurkan kreditnya, Bank Mandiri                       In distributing its credit, Bank Mandiri always
         senantiasa mengedepankan prinsip kehati-hatian                  prioritizes the prudential principle which is reflected
         yang tercermin di beberapa aspek antara lain                    in several aspects, including the following:
         sebagai berikut: (lanjutan)                                     (continued)

         2.   Aktivitas-aktivitas terkait Pengelolaan Risiko             2. Activities related to Credit Risk Management
              Kredit (lanjutan)                                             (continued)

              A. Segmen Wholesale (lanjutan)                                   A. Wholesale Segment (continued)

                 Setelah proses disbursement kredit, risiko                      After the credit disbursement process, the
                 kredit dan potensi kegagalan debitur harus                      debtor's credit risk and potential failure must
                 senantiasa dimonitor dan dideteksi secara                       always be monitored and detected early.
                 dini Khusus untuk debitur yang bermasalah                       Specifically for debtors with problems,
                 maka perlu dilakukan penanganan lebih                           further handling needs to be carried out,
                 lanjut antara lain mencakup aktivitas                           including restructuring, collection, and
                 restrukturisasi,    collection,   maupun                        recovery activities.
                 recovery.

              B. Segmen Retail                                                 B. Retail Segment

                 Dengan mempertimbangkan karakteristik                            By     considering     its    mass     market
                 yang mass market, maka proses kredit                             characteristics, the credit process is carried
                 dilakukan     secara   lebih   otomatis                          out more automatically using a credit risk
                 menggunakan credit risk scorecard,                               scorecard, referring to the Risk Acceptance
                 dengan mengacu pada Risk Acceptance                              Criteria for each product, and processed
                 Criteria setiap produk, serta diproses                           through an automated work-flow (loan
                 melalui work-flow yang terotomasi (loan                          factory). The monitoring process is carried
                 factory). Proses monitoring dilakukan                            out in a portfolio manner.
                 secara portofolio.

                 Pemberian kredit di segmen Retail                               Lending in the Retail segment especially for
                 khususnya pada kredit produktif juga                            productive loan also refers to the Loan
                 mengacu kepada Loan Portfolio Guideline.                        Portfolio Guideline.

         3.   Penilaian Kelayakan Kredit                                 3.   Credit Worthiness Assessment
              A. Rating System                                                 A. Rating System
                 Bank Mandiri memiliki Rating System yang                        Bank Mandiri has a Rating System known
                 dikenal dengan BMRS (Bank Mandiri                               as BMRS (Bank Mandiri Rating System).
                 Rating System). BMRS yang telah                                 The BMRS that has been developed by the
                 dikembangkan oleh Bank terdiri dari Rating                      Bank consists of a Rating System for the
                 System untuk segmen Corporate and                               Corporate and Commercial Banking
                 Commercial Banking, Rating System untuk                         segment, a Rating System for the SME
                 segmen SME, dan Rating System untuk                             segment, and a Rating System for Financial
                 Financial Institution (Bank). Dengan                            Institutions (Banks). By using the Rating
                 menggunakan Rating System untuk                                 System for Financial Institutions (Banks),
                 Financial Institution (Bank), Bank dapat                        Banks can identify and measure the risk
                 melakukan identifikasi dan pengukuran                           that counterparty Banks can tolerate in
                 risiko Bank counterparty yang dapat                             providing credit line facilities.
                 ditoleransi dalam memberikan fasilitas
                 credit line.




                                                           420
Page 1435
                                                                                          The original consolidated financial statements
                                                                                        included herein are in the Indonesian language.

          PT BANK MANDIRI (PERSERO) Tbk                                           PT BANK MANDIRI (PERSERO) Tbk
              DAN ENTITAS ANAKNYA                                                       AND ITS SUBSIDIARIES
        CATATAN ATAS LAPORAN KEUANGAN                                              NOTES TO THE CONSOLIDATED
                   KONSOLIDASIAN                                                       FINANCIAL STATEMENTS
         Tanggal 31 Desember 2025 dan untuk                                         As of 31 December 2025 and for
        Tahun Berakhir pada Tanggal Tersebut                                           for the Year Then Ended
           (Disajikan dalam jutaan Rupiah,                                         (Expressed in millions of Rupiah,
               kecuali dinyatakan lain)                                                unless otherwise stated)

62. MANAJEMEN RISIKO (lanjutan)                                      62. RISK MANAGEMENT (continued)
   A.    Risiko kredit (lanjutan)                                       A.   Credit risk (continued)
         Dalam menyalurkan kreditnya, Bank Mandiri                           In distributing its credit, Bank Mandiri always
         senantiasa mengedepankan prinsip kehati-hatian                      prioritizes the prudential principle which is reflected
         yang tercermin di beberapa aspek antara lain                        in several aspects, including the following:
         sebagai berikut: (lanjutan)                                         (continued)

         3.   Penilaian Kelayakan Kredit (lanjutan)                          3.   Credit Worthiness Assessment (continued)

              B.   Credit Scoring                                                  B. Credit Scoring

                   Bank       Mandiri     memiliki       Credit                      Bank Mandiri has different Credit Scoring
                   Scoring yang berbeda untuk setiap                                 for each segment, consisting of: SME
                   segmen, terdiri dari: SME Scoring, Micro                          Scoring, Micro Scoring, and Consumer
                   Scoring, dan Consumer Scoring, yang                               Scoring, across the end-to-end credit
                   digunakan secara end-to-end dalam                                 lifecycle, including acquisition, portfolio
                   siklus kredit, mulai dari akuisisi, portfolio                     management, and collection prioritization.
                   manajemen dan prioritisasi penagihan.                             Bank Mandiri has developed generic credit
                   Bank Mandiri telah mengembangkan                                  scoring for consumer loan and micro
                   generic credit scoring untuk segmen                               productive loan segment using internal data
                   kredit konsumtif dan micro productive                             (transactions, funding and lending) for
                   dengan menggunakan data internal                                  Existing-to-Bank (“ETB”) customers that
                   (transaksi, funding, maupun lending)                              enables seamless credit process through
                   untuk nasabah Existing-to-Bank (“ETB”)                            Livin’ application and other diverse banking
                   yang memungkinkan proses kredit secara                            channels.      For    New-to-Bank     (NTB)
                   seamless melalui aplikasi Livin’ dan                              customers, Bank Mandiri also work with
                   berbagai channel lainnya. Untuk nasabah                           alternative credit scoring service provider
                   New-to-Bank (NTB), Bank Mandiri juga                              that use external data. Furthermore, Bank
                   telah bekerja sama dengan penyedia                                Mandiri has commenced the development
                   layanan alternative credit scoring yang                           of a bureau credit scoring utilizing SLIK as
                   menggunakan data eksternal. Selain itu,                           external data.
                   Bank Mandiri mulai mengembangkan
                   bureau credit scoring yang menggunakan
                   data eksternal berupa SLIK.

                   Model yang telah dikembangkan oleh                                 The models developed by the Bank, both
                   Bank, baik itu model risiko kredit dan non                         credit and non-credit risk models, are
                   kredit, divalidasi secara internal oleh                            validated internally by the Model Validator,
                   Model Validator, yaitu fungsi yang                                 which is an independent and separate
                   independen dan terpisah dari fungsi                                function from model developer function.
                   pengembang model. Hal ini dilakukan                                This is done to ensure quality and validity of
                   untuk meyakini kualitas dan validitas                              model. Apart from validation, another thing
                   model. Selain validasi, hal lainnya yang                           that is implemented regarding model risk
                   diterapkan terkait pengelolaan risiko                              management is the implementation of a
                   model yaitu penerapan kerangka tata                                model management governance framework
                   kelola pengelolaan model (Model Risk                               (Model Risk Management).
                   Management).




                                                               421
Page 1436
                                                                                       The original consolidated financial statements
                                                                                     included herein are in the Indonesian language.

          PT BANK MANDIRI (PERSERO) Tbk                                        PT BANK MANDIRI (PERSERO) Tbk
              DAN ENTITAS ANAKNYA                                                    AND ITS SUBSIDIARIES
        CATATAN ATAS LAPORAN KEUANGAN                                           NOTES TO THE CONSOLIDATED
                   KONSOLIDASIAN                                                    FINANCIAL STATEMENTS
         Tanggal 31 Desember 2025 dan untuk                                      As of 31 December 2025 and for
        Tahun Berakhir pada Tanggal Tersebut                                        for the Year Then Ended
           (Disajikan dalam jutaan Rupiah,                                      (Expressed in millions of Rupiah,
               kecuali dinyatakan lain)                                             unless otherwise stated)

62. MANAJEMEN RISIKO (lanjutan)                                   62. RISK MANAGEMENT (continued)

   A.    Risiko kredit (lanjutan)                                    A.   Credit risk (continued)

         Dalam menyalurkan kreditnya, Bank Mandiri                        In distributing its credit, Bank Mandiri always
         senantiasa mengedepankan prinsip kehati-hatian                   prioritizes the prudential principle which is reflected
         yang tercermin di beberapa aspek antara lain                     in several aspects, including the following:
         sebagai berikut: (lanjutan)                                      (continued)

         4.   Monitoring Kredit                                           4.   Credit Monitoring

              Pengelolaan risiko kredit Bank terutama                          The Bank's credit risk management is primarily
              diarahkan untuk meningkatkan keseimbangan                        directed at improving the balance between
              antara ekspansi kredit yang sehat dengan                         healthy credit expansion and prudent credit
              pengelolaan kredit secara prudent agar                           management to avoid a decline in quality or
              terhindar dari penurunan kualitas atau menjadi                   becoming a NPL, as well as managing optimal
              kategori NPL serta mengelola penggunaan                          capital use through identifying business units,
              modal yang optimal melalui identifikasi unit                     segments, products, areas that provide added
              bisnis, segmen, produk, wilayah yang                             value for the Bank. In addition, in implementing
              memberikan nilai tambah bagi Bank. Dalam                         credit concentration risk management at the
              melaksanakan pengelolaan risiko konsentrasi                      debtor level, Bank Mandiri consistently
              kredit di level debitur, Bank Mandiri secara                     monitors the BMPK. In general, the credit
              konsisten memonitor BMPK. Secara umum,                           process and credit risk management at Bank
              proses kredit dan pengelolaan risiko kredit di                   Mandiri has been carried out end-to-end and
              Bank Mandiri sudah dilakukan secara end-to-                      integrated.
              end dan terintegrasi.

              Bank melakukan identifikasi dan deteksi dini                     The Bank carries out early identification and
              terhadap debitur Corporate dan Commercial                        detection of Corporate and Commercial
              dengan kualitas 1 dan 2 melalui ALERT Tools.                     debtors with collectability 1 and 2 through
              Dalam melakukan penilaian dan monitoring                         ALERT Tools. In assessing and monitoring
              kualitas kredit, Bank mengacu kepada                             credit quality, the Bank refers to Regulator
              ketentuan Regulator dengan mengedepankan                         provisions by prioritizing the principle of
              prinsip kehati-hatian dengan cara melakukan                      prudence by reviewing 3 Pillar, namely
              reviu atas 3 Pilar yaitu prospek usaha, kinerja                  business prospects, financial performance and
              debitur,    dan     kemampuan      membayar.                     repayment capability. Based on the results of
              Berdasarkan hasil analisa tersebut, Bank                         this analysis, the Bank determines the debtor's
              menetapkan kualitas debitur, status early                        quality, early warning status, account strategy,
              warning, account strategy, dan/atau action plan                  and/or action plan early to prevent the
              secara dini untuk mencegah terjadinya gagal                      occurrence of default.
              bayar.

        5.    Agunan                                                      5.   Collateral

              Jenis agunan yang diterima Bank terdiri dari                     The types of collateral accepted by the Bank
              benda bergerak (antara lain agunan tunai,                        consist of movable objects (including cash
              piutang dagang, persediaan barang, mesin,                        collateral, trade receivables, inventories of
              dan surat berharga), dan benda tak bergerak                      goods, machinery, and securities), and
              (antara lain tanah, bangunan, dan mesin), Bank                   immovable objects (including land, buildings,
              mengutamakan agunan dalam bentuk aset                            and machinery), Bank prioritizes collateral in
              tetap. Penilaian agunan dapat dilakukan oleh                     the form of fixed assets. The collateral
              penilai internal atau penilai eksternal                          appraisal should be carried out by an internal
              sebagaimana ketentuan yang berlaku.                              appraisal or external appraisal according to the
                                                                               applicable policy.




                                                            422
Page 1437
                                                                                           The original consolidated financial statements
                                                                                         included herein are in the Indonesian language.

          PT BANK MANDIRI (PERSERO) Tbk                                            PT BANK MANDIRI (PERSERO) Tbk
              DAN ENTITAS ANAKNYA                                                        AND ITS SUBSIDIARIES
        CATATAN ATAS LAPORAN KEUANGAN                                               NOTES TO THE CONSOLIDATED
                   KONSOLIDASIAN                                                        FINANCIAL STATEMENTS
         Tanggal 31 Desember 2025 dan untuk                                          As of 31 December 2025 and for
        Tahun Berakhir pada Tanggal Tersebut                                            for the Year Then Ended
           (Disajikan dalam jutaan Rupiah,                                          (Expressed in millions of Rupiah,
               kecuali dinyatakan lain)                                                 unless otherwise stated)

62. MANAJEMEN RISIKO (lanjutan)                                       62. RISK MANAGEMENT (continued)

   A.    Risiko kredit (lanjutan)                                        A.   Credit risk (continued)

         Dalam menyalurkan kreditnya, Bank Mandiri                            In distributing its credit, Bank Mandiri always
         senantiasa mengedepankan prinsip kehati-hatian                       prioritizes the prudential principle which is reflected
         yang tercermin di beberapa aspek antara lain                         in several aspects, including the following:
         sebagai berikut: (lanjutan)                                          (continued)

         6.      Stress Test                                                  6.   Stress Test

                 Untuk memantau kualitas dan menguji                               To monitor quality and test the elasticity of
                 elastisitas kualitas portofolio (NPL dan yield)                   portfolio quality (NPL and yield) to changes in
                 terhadap      perubahan        variabel-variabel                  economic variables that can impact the Bank's
                 ekonomi yang dapat berdampak pada                                 capital adequacy, the Bank routinely and ad-
                 kecukupan modal Bank, Bank secara rutin                           hoc carries out stress tests on the entire credit
                 maupun ad-hoc melakukan stress test                               portfolio, both per large debtor group, business
                 terhadap seluruh portofolio kredit baik per                       segment, industries and products with various
                 kelompok debitur besar, segmen bisnis,                            scenarios.
                 industri maupun produk dengan berbagai
                 skenario.

                 Dengan stress test ini, Bank dapat                                With this stress test, the Bank can understand
                 memahami kemungkinan potensi negatif                              the possible negative potential for Bank
                 terhadap kinerja bisnis Bank Mandiri dan                          Mandiri's business performance and anticipate
                 mengantisipasi lebih awal dan mengambil                           it early and take portfolio control steps and the
                 langkah-langkah pengendalian portofolio dan                       most optimal solutions as a short-term and
                 solusi yang paling optimal sebagai strategi                       long-term strategy so that the quality of the
                 jangka pendek maupun jangka panjang                               Bank's credit portfolio and capital adequacy are
                 sehingga kualitas portofolio kredit dan                           well maintained.
                 kecukupan modal Bank terjaga dengan baik.

              7. Recovery Plan dan Resolution Plan                            7.   Recovery Plan and Resolution Plan

                 Bank Mandiri telah menyusun Rencana Aksi                          Bank Mandiri has prepared a Recovery Plan
                 Pemulihan (Recovery Plan) dan Opsi                                and Recovery Options as regulated in OJK
                 Pemulihan (Recovery Options) sebagaimana                          Regulation No. 5 Year 2024 regarding
                 diatur dalam Peraturan OJK No. 5 Tahun                            “Penetapan      Status    Pengawasan        dan
                 2024       tentang    Penetapan      Status                       Penanganan Permasalahan Bank Umum.”
                 Pengawasan           dan      Penanganan                          Recovery Plan is a plan to address potential
                 Permasalahan Bank Umum. Recovery Plan                             financial problems that may occur at the Bank.
                 merupakan rencana untuk mengatasi                                 The Recovery Options within the Recovery
                 permasalahan keuangan yang mungkin                                Plan document are the actions the Bank has
                 terjadi di Bank. Opsi Pemulihan (Recovery                         decided to take in response to financial stress
                 Options) yang terdapat dalam dokumen                              experienced by the Bank to prevent, recover, or
                 Recovery Plan merupakan pilihan tindakan                          improve the financial condition and viability of
                 yang ditetapkan akan dilakukan Bank untuk                         the Bank.
                 merespon tekanan keuangan (financial
                 stress) yang dialami oleh Bank dalam
                 mencegah,          memulihkan     maupun
                 memperbaiki kondisi keuangan serta
                 keberlangsungan usaha Bank (viability).




                                                                423
Page 1438
                                                                                                                        The original consolidated financial statements
                                                                                                                      included herein are in the Indonesian language.

           PT BANK MANDIRI (PERSERO) Tbk                                                                    PT BANK MANDIRI (PERSERO) Tbk
               DAN ENTITAS ANAKNYA                                                                                AND ITS SUBSIDIARIES
         CATATAN ATAS LAPORAN KEUANGAN                                                                       NOTES TO THE CONSOLIDATED
                    KONSOLIDASIAN                                                                                FINANCIAL STATEMENTS
          Tanggal 31 Desember 2025 dan untuk                                                                  As of 31 December 2025 and for
         Tahun Berakhir pada Tanggal Tersebut                                                                    for the Year Then Ended
            (Disajikan dalam jutaan Rupiah,                                                                  (Expressed in millions of Rupiah,
                kecuali dinyatakan lain)                                                                         unless otherwise stated)

62. MANAJEMEN RISIKO (lanjutan)                                                             62. RISK MANAGEMENT (continued)

   A.     Risiko kredit (lanjutan)                                                             A.    Credit risk (continued)

          7.      Recovery Plan dan Resolution Plan (lanjutan)                                       7.      Recovery Plan                   and        Resolution           Plan
                                                                                                             (continued)

                   Recovery Options telah ditetapkan untuk                                                    Recovery Options have been set for four
                   empat area indikator yaitu permodalan,                                                     indicator areas namely capital, liquidity,
                   likuiditas, rentabilitas dan kualitas aset                                                 rentability and asset quality, which represent
                   sebagai indikator yang mewakili kerentanan                                                 the main vulnerabilities of a Bank to financial
                   utama sebuah Bank terhadap kesulitan                                                       difficulties. For each indicator in the Recovery
                   finansialnya. Untuk setiap indikator pada                                                  Plan, the Bank has set trigger levels to
                   Recovery Plan, Bank telah menetapkan trigger                                               implement recovery options. The trigger levels
                   level untuk melaksanakan opsi pemulihan.                                                   in the Recovery Plan indicators have been
                   Trigger level dalam indikator Recovery Plan                                                synchronized with the Risk Appetite Threshold
                   telah dilakukan sinkronisasi dengan Risk                                                   as the starting limit for Early Contingency
                   Appetite     Threshold    sebagai   batasan                                                Actions.
                   dimulainya Early Contingency Actions.

                   Bank juga telah menyusun Rencana Resolusi                                                  The Bank has also prepared a Resolution Plan
                   (Resolution Plan) sesuai dengan aturan pada                                                in accordance with the regulations in PLPS No.
                   PLPS No. 2 Tahun 2024. Resolution Plan                                                     2 Year 2024. The Resolution Plan contains
                   merupakan rencana tindakan resolusi yang                                                   details about the charateristics of the Bank and
                   berisi antara lain rincian karateristik Bank dan                                           the preferred resolution strategies, in order to
                   strategi tindakan resolusi yang diutamakan                                                 maintain the continuity of the Bank’s critical
                   (preferred) untuk Bank tersebut, dalam rangka                                              economic functions without causing disruptions
                   menjaga keberlangsungan fungsi ekonomi                                                     to financial system stability.
                   penting (critical economic function) Bank
                   tanpa menyebabkan gangguan pada stabilitas
                   sistem keuangan.

   (i)    Eksposur   maksimum   risiko  kredit tanpa                                           (i)   Maximum exposure to credit risk without
          memperhitungkan agunan dan pendukung kredit                                                considering collateral held and other credit supports
          lainnya

          Eksposur maksimum risiko kredit disajikan setelah                                          Maximum credit risk exposures on financial assets
          cadangan kerugian penurunan nilai tanpa                                                    are presented net after allowance for impairment
          memperhitungkan agunan dan pendukung kredit                                                losses without considering collateral and other
          lainnya terhadap aset keuangan pada laporan                                                credit supports are as follows:
          posisi keuangan konsolidasian sebagai berikut:

                                                                   31 Desember 2025/          31 Desember 2024/
                                                                   31 December 2025           31 December 2024

                                                                                                                                                  Current account with
         Giro pada Bank Indonesia                                            238.289.478                   105.146.044                               Bank Indonesia
         Giro pada bank lain                                                  60.924.962                    46.637.684                Current account with other banks
         Penempatan pada Bank Indonesia                                                                                                 Placement with Bank Indonesia
           dan bank lain                                                       50.470.248                   63.228.375                              and other banks
         Efek-efek**)                                                                                                                           Marketable securities**)
           Pemerintah                                                                                                                                   Government
              Diukur pada nilai wajar                                                                                                          Fair value through
                melalui laba rugi                                              19.927.879                   10.886.578                            profit or loss
              Diukur pada nilai wajar melalui                                                                                                  Fair value through
                penghasilan komprehensif lain                                   1.847.374                    1.779.038             other comprehensive income
              Diukur pada biaya perolehan
                diamortisasi                                                       741.403                     718.802                                    Amortised cost
          *)                                                                                         *)
                 Segmen untuk manajemen risiko dikelompokkan menjadi Korporasi,                               Segments of risk management are classified into Corporate,
                 Komersial, Retail dan Syariah.                                                               Commercial, Retail and Sharia.
          **)                                                                                        **)
                 Tidak termasuk efek-efek yang merupakan investasi dari pemegang polis                        Excluding marketable securities which are the investment from the
                 unit-link Entitas Anak yang tidak memiliki risiko kredit.                                    Subsidiaries policyholder’s unit-link which has no credit risk exposure.
          ***)                                                                                       ***)
                 Tidak termasuk obligasi pemerintah yang merupakan investasi dari                             Excluding government bonds which are the investment from the
                 pemegang polis unit-link Entitas Anak yang tidak memiliki risiko kredit.                     Subsidiaries’ policyholder’s unit-link which has no credit risk exposure.




                                                                                      424
Page 1439
                                                                                                                         The original consolidated financial statements
                                                                                                                       included herein are in the Indonesian language.

           PT BANK MANDIRI (PERSERO) Tbk                                                                     PT BANK MANDIRI (PERSERO) Tbk
               DAN ENTITAS ANAKNYA                                                                                 AND ITS SUBSIDIARIES
         CATATAN ATAS LAPORAN KEUANGAN                                                                        NOTES TO THE CONSOLIDATED
                    KONSOLIDASIAN                                                                                 FINANCIAL STATEMENTS
          Tanggal 31 Desember 2025 dan untuk                                                                   As of 31 December 2025 and for
         Tahun Berakhir pada Tanggal Tersebut                                                                     for the Year Then Ended
            (Disajikan dalam jutaan Rupiah,                                                                   (Expressed in millions of Rupiah,
                kecuali dinyatakan lain)                                                                          unless otherwise stated)

62. MANAJEMEN RISIKO (lanjutan)                                                             62. RISK MANAGEMENT (continued)

   A.     Risiko kredit (lanjutan)                                                             A.     Credit risk (continued)

   (i)    Eksposur      maksimum risiko kredit tanpa                                           (i)   Maximum exposure to credit risk without
          memperhitungkan agunan dan pendukung kredit                                                considering collateral held and other credit supports
          lainnya (lanjutan)                                                                         (continued)

                                                                   31 Desember 2025/          31 Desember 2024/
                                                                   31 December 2025           31 December 2024

         Efek-efek**) (lanjutan)                                                                                                      Marketable securities**) (continued)
            Non-pemerintah                                                                                                                           Non-government
               Diukur pada nilai wajar                                                                                                           Fair value through
                  melalui laba rugi                                            31.218.286                    11.157.909                             profit or loss
               Diukur pada nilai wajar melalui                                                                                                   Fair value through
                  penghasilan komprehensif lain                                53.322.591                    45.249.563             other comprehensive income
               Diukur pada biaya perolehan
                  diamortisasi                                                  3.826.063                     8.220.183                              Amortised cost
               Diukur pada biaya perolehan                                      1.997.673                     3.231.978                                       At cost
         Obligasi pemerintah***)                                                                                                                    Government bonds***)
            Diukur pada nilai wajar                                                                                                                 Fair value through
               melalui laba rugi                                               19.407.836                    17.761.405                                profit or loss
            Diukur pada nilai wajar melalui                                                                                                         Fair value through
               penghasilan komprehensif lain                                 106.034.349                     82.065.670                 other comprehensive income
            Diukur pada biaya perolehan
               diamortisasi                                                  137.907.775                    153.035.870                                Amortised cost
            Diukur pada biaya perolehan                                       15.187.944                     22.560.953                                        At cost
         Tagihan lainnya - transaksi                                                                                                           Other receivables - trade
            Perdagangan                                                        30.639.841                    28.551.228                                   transactions
         Tagihan atas efek-efek yang dibeli                                                                                                  Securities purchased under
            dengan janji dijual kembali                                         3.903.777                     8.290.138                          agreements to resell
         Tagihan derivatif                                                      7.277.675                     7.761.508                          Derivatives receivables
         Kredit yang diberikan dan                                                                                                                     Loans and sharia
            piutang/pembiayaan syariah*)                                                                                                       receivables/financing*)
            Korporasi                                                        747.623.768                    603.077.918                                      Corporate
            Komersial                                                        308.277.746                    274.963.443                                   Commercial
            Retail                                                           442.189.462                    430.923.203                                          Retail
            Syariah                                                          303.843.233                    264.897.403                                         Sharia
         Piutang pembiayaan konsumen                                          39.813.630                     40.638.953                   Consumer financing receivables
         Investasi bersih dalam                                                                                                                  Net investment finance
            sewa pembiayaan                                                     4.018.753                     5.653.739                                         leases
         Tagihan akseptasi                                                      8.062.263                     9.282.525                         Acceptance receivables
         Aset lain-lain                                                                                                                                    Other assets
         Pendapatan yang masih akan
            diterima                                                           12.199.366                   10.923.073                                    Accrued income
         Piutang transaksi                                                                                                                              Receivables from
            nasabah                                                             5.127.337                     3.362.133                           customer transactions
         Tagihan terkait dengan transaksi                                                                                                   Receivables from transactions
            ATM dan kartu kredit                                                 1.756.992                    2.271.878                  related to ATM and credit card
         Tagihan kepada pemegang polis                                                   -                      415.944                    Receivables from policyholders
         Penjualan efek-efek yang                                                                                                               Receivables from sales of
            masih akan diterima                                                 1.855.501                       155.629                            marketable securities
         Tagihan atas obligasi pemerintah                                                                                                   Receivables from government
            yang diagunkan                                                      2.746.074                       802.754                     bonds pledged as collateral
                                                                          2.660.439.279              2.263.651.521

          *)                                                                                         *)
                 Segmen untuk manajemen risiko dikelompokkan menjadi Korporasi,                                Segments of risk management are classified into Corporate,
                 Komersial, Retail dan Syariah.                                                                Commercial, Retail and Sharia.
          **)                                                                                        **)
                 Tidak termasuk efek-efek yang merupakan investasi dari pemegang polis                         Excluding marketable securities which are the investment from the
                 unit-link Entitas Anak yang tidak memiliki risiko kredit.                                     Subsidiaries policyholder’s unit-link which has no credit risk exposure.
          ***)                                                                                       ***)
                 Tidak termasuk obligasi pemerintah yang merupakan investasi dari                              Excluding government bonds which are the investment from the
                 pemegang polis unit-link Entitas Anak yang tidak memiliki risiko kredit.                      Subsidiaries’ policyholder’s unit-link which has no credit risk exposure.




                                                                                      425
Page 1440
                                                                                                                  The original consolidated financial statements
                                                                                                                included herein are in the Indonesian language.

           PT BANK MANDIRI (PERSERO) Tbk                                                              PT BANK MANDIRI (PERSERO) Tbk
               DAN ENTITAS ANAKNYA                                                                          AND ITS SUBSIDIARIES
         CATATAN ATAS LAPORAN KEUANGAN                                                                 NOTES TO THE CONSOLIDATED
                    KONSOLIDASIAN                                                                          FINANCIAL STATEMENTS
          Tanggal 31 Desember 2025 dan untuk                                                            As of 31 December 2025 and for
         Tahun Berakhir pada Tanggal Tersebut                                                              for the Year Then Ended
            (Disajikan dalam jutaan Rupiah,                                                            (Expressed in millions of Rupiah,
                kecuali dinyatakan lain)                                                                   unless otherwise stated)

62. MANAJEMEN RISIKO (lanjutan)                                                        62. RISK MANAGEMENT (continued)

   A.     Risiko kredit (lanjutan)                                                        A.     Credit risk (continued)

   (i)    Eksposur      maksimum risiko kredit tanpa                                      (i)   Maximum exposure to credit risk without
          memperhitungkan agunan dan pendukung kredit                                           considering collateral held and other credit supports
          lainnya (lanjutan)                                                                    (continued)

          Eksposur risiko kredit terhadap rekening                                              Credit risk exposures relating to administrative
          administratif setelah cadangan kerugian penurunan                                     accounts net after allowance for impairment losses
          nilai adalah sebagai berikut:                                                         are as follows:

                                                               31 Desember 2025/         31 Desember 2024/
                                                               31 December 2025          31 December 2024

         Bank garansi yang diterbitkan                                   165.372.990                 137.700.405                              Bank guarantees issued
         Fasilitas kredit yang diberikan yang
           belum digunakan*)                                             143.992.234                  90.593.269                               Unused loan facilities*)
         Letter of credit yang tidak dapat                                                                                                    Outstanding irrevocable
           dibatalkan yang masih berjalan                                 23.214.617                  22.400.690                                     letter of credit
         Standby letter of credit                                         18.332.809                  12.288.826                               Standby letter of credit
                                                                         350.912.650                 262.983.190


          *)                                                                                    *)
               Termasuk fasilitas kredit committed dan uncommitted kartu kredit yang                 Include unused committed and uncommitted credit card facilities.
               belum digunakan.


          Tabel di atas menggambarkan eksposur                                                  The above table represents the maximum financial
          maksimum aset keuangan atas risiko kredit bagi                                        assets exposure on credit risk for Bank Mandiri and
          Bank Mandiri dan Entitas tanpa memperhitungkan                                        Subsidiaries without taking into account any
          agunan atau pendukung kredit lainnya. Untuk aset                                      collateral held or other credit support. For financial
          keuangan dalam laporan posisi keuangan                                                assets in the consolidated statement of financial
          konsolidasian, eksposur di atas ditentukan                                            position, the exposures set out above are based on
          berdasarkan      nilai      tercatat     seperti                                      carrying amounts as reported in the consolidated
          yang diungkapkan pada laporan keuangan                                                financial statements.
          konsolidasian.

          Konsentrasi risiko aset keuangan dengan eksposur                                      Concentration of risks of financial assets with credit
          risiko kredit                                                                         risk exposure

          a)      Sektor geografis                                                              a)      Geographical sectors

                  Tabel berikut menggambarkan rincian                                                   The following table breaks down Bank Mandiri
                  eksposur kredit Bank Mandiri dan Entitas Anak                                         and its Subsidiaries’ credit exposure at their
                  pada nilai bruto (tanpa memperhitungkan                                               gross amounts (without taking into account any
                  cadangan kerugian penurunan nilai, agunan                                             allowance for impairment losses, collateral held
                  atau pendukung kredit lainnya), yang                                                  or other credit support), as categorised by
                  dikategorikan berdasarkan area geografis.                                             geographical region. In the following table,
                  Untuk tabel ini, Bank Mandiri dan Entitas Anak                                        Bank Mandiri and its Subsidiaries have
                  telah   mengalokasikan       eksposur     area                                        allocated exposures based on the geographical
                  berdasarkan wilayah geografis dimana kantor                                           area where the transactions are recorded.
                  pencatatan transaksi dilakukan.




                                                                                 426
Page 1441
                                                                                                                                                      The original consolidated financial statements
                                                                                                                                                    included herein are in the Indonesian language.

           PT BANK MANDIRI (PERSERO) Tbk                                                                                           PT BANK MANDIRI (PERSERO) Tbk
               DAN ENTITAS ANAKNYA                                                                                                       AND ITS SUBSIDIARIES
         CATATAN ATAS LAPORAN KEUANGAN                                                                                              NOTES TO THE CONSOLIDATED
                    KONSOLIDASIAN                                                                                                       FINANCIAL STATEMENTS
          Tanggal 31 Desember 2025 dan untuk                                                                                         As of 31 December 2025 and for
         Tahun Berakhir pada Tanggal Tersebut                                                                                           for the Year Then Ended
            (Disajikan dalam jutaan Rupiah,                                                                                         (Expressed in millions of Rupiah,
                kecuali dinyatakan lain)                                                                                                unless otherwise stated)

62. MANAJEMEN RISIKO (lanjutan)                                                                              62. RISK MANAGEMENT (continued)

   A.     Risiko kredit (lanjutan)                                                                                    A.      Credit risk (continued)

   (i)    Eksposur      maksimum risiko kredit tanpa                                                                  (i)     Maximum exposure to credit risk without
          memperhitungkan agunan dan pendukung kredit                                                                         considering collateral held and other credit supports
          lainnya (lanjutan)                                                                                                  (continued)

          Konsentrasi risiko aset keuangan dengan eksposur                                                                    Concentration of risks of financial assets with credit
          risiko kredit (lanjutan)                                                                                            risk exposure (continued)

          a)          Sektor geografis (lanjutan)                                                                             a)       Geographical sectors (continued)
                                                                                             31 Desember 2025/31 December 2025
                                                                                                                                                             ****)
                                                          Jawa                                                                                     Lain-lain****)  /
                                                       dan/and Bali           Sumatera            Kalimantan                Sulawesi                Others                   Total

               Giro pada                                                                                                                                                                            Current accounts with
                 Bank Indonesia                            238.289.478                       -                    -                            -                       -    238.289.478                 Bank Indonesia
               Giro pada                                                                                                                                                                            Current accounts with
                 bank lain                                  46.605.015                       1                  46                             -        14.347.521           60.952.583                     other banks
               Penempatan pada                                                                                                                                                                             Placement with
                 Bank Indonesia                                                                                                                                                                     Bank Indonesia and
                 dan bank lain                              47.920.000                       -                    -                            -          2.551.834          50.471.834                      other banks
               Efek-efek **)                                                                                                                                                                        Marketable securities**)
                 Pemerintah                                                                                                                                                                                 Government
                   Diukur pada nilai wajar                                                                                                                                                          Fair value through
                     melalui laba rugi                      14.362.850                       -                    -                            -          5.565.029          19.927.879                 profit or loss
                   Diukur pada nilai wajar
                     melalui penghasilan
                     komprehensif lain                                  -                    -                    -                            -          1.847.374           1.847.374        Fair value through OCI
                   Diukur pada biaya
                     perolehan
                     diamortisasi                                       -                    -                    -                            -            741.403             741.403                Amortised cost
                 Non-pemerintah                                                                                                                                                                        Non government
                   Diukur pada nilai wajar                                                                                                                                                          Fair value through
                     melalui laba rugi                      30.491.693                       -                    -                            -            727.022          31.218.715                 profit or loss
                   Diukur pada nilai wajar
                     melalui penghasilan
                     komprehensif lain                      52.684.318                       -                    -                            -            667.462          53.351.780        Fair value through OCI
                   Diukur pada biaya
                     perolehan
                     diamortisasi                             3.204.715                      -                    -                            -            629.761           3.834.476                 Amortised cost
                   Diukur pada biaya
                     perolehan                                2.000.362                      -                    -                            -                       -      2.000.362                          At cost
               Obligasi pemerintah ***)                                                                                                                                                              Government bonds***)
                 Diukur pada nilai wajar                                                                                                                                                              Fair value through
                   melalui laba rugi                        19.266.311                       -                    -                            -            141.525          19.407.836                   profit or loss
                 Diukur pada nilai wajar
                   melalui penghasilan
                   komprehensif lain                        99.693.232                       -                    -                            -          6.341.117         106.034.349          Fair value through OCI
                 Diukur pada biaya
                   perolehan diamortisasi                  127.184.091                       -                    -                            -        10.723.684          137.907.775                   Amortised cost
                 Diukur pada biaya
                   perolehan                                15.187.944                       -                    -                            -                       -     15.187.944                            At cost
               Tagihan lainnya -                                                                                                                                                                  Other receivables-trade
                 transaksi perdagangan                      32.003.261                       -                    -                            -              68.850         32.072.111                     transactions
               Tagihan atas efek-efek                                                                                                                                                               Securities purchased
                 yang dibeli dengan                                                                                                                                                                  under agreements
                 janji dijual kembali                         3.903.777                      -                    -                            -                   -          3.903.777                           to resell
               Tagihan derivatif                              7.194.107                      -                    -                            -              83.568          7.277.675           Derivatives receivables
               Kredit yang diberikan                                                                                                                                                                     Loans and sharia
                 dan piutang/pembiayaan                                                                                                                                                                     receivables/*)
                 syariah*)                                                                                                                                                                                     financing
                 Korporasi                                 535.712.236            52.643.185          16.153.161              21.841.654              136.853.480           763.203.716                        Corporate
                 Komersial                                 204.855.593            46.561.143          46.991.764              15.716.705                2.582.092           316.707.297                     Commercial
                 Retail                                    285.729.958            83.597.439          35.677.383              38.434.075               11.806.923           455.245.778                              Retail
                 Syariah                                   188.620.036            75.658.656          22.610.988              16.915.330               11.006.155           314.811.165                             Sharia
               Piutang pembiayaan                                                                                                                                                                    Consumer financing
                 konsumen                                   25.214.743             7.135.187              4.289.630            4.082.493                    141.147          40.863.200                      receivables
               Investasi bersih dalam                                                                                                                                                              Net investment finance
                 sewa pembiayaan                              3.305.707              440.512               212.489              182.313                       12.719          4.153.740                             leases
               Tagihan akseptasi                              8.053.613                    -                     -                    -                       34.665          8.088.278           Acceptance receivables
               Aset lain-lain                                                                                                                                                                                 Other assets
                 Pendapatan yang masih
                   akan diterima                              9.585.234              514.069               261.561              311.923                   1.526.579          12.199.366               Accrued Income
                 Piutang transaksi                                                                                                                                                        Receivables from customer
                   nasabah                                    5.136.221                      -                    -                            -                       -      5.136.221                 transactions
                 Tagihan terkait dengan                                                                                                                                                 Receivables from transactions
                   transaksi ATM dan                                                                                                                                                            related to ATM and
                   kartu kredit                               1.756.992                      -                    -                            -                       -      1.756.992                   credit card
                 Penjualan efek-efek                                                                                                                                                                Receivables from
                   yang masih                                                                                                                                                                   sales of marketable
                    harus diterima                            1.849.957                      -                    -                            -                5.544         1.855.501                    securities
                 Tagihan atas obligasi                                                                                                                                                   Receivable from government
                   pemerintah yang diagunkan                  2.746.074                      -                    -                            -                       -      2.746.074 bonds pledged as collateral
                                                         2.012.557.518          266.550.192          126.197.022              97.484.493              208.405.454          2.711.194.679


               *)                                                                                                                      *)
                        Segmen untuk manajemen risiko dikelompokkan menjadi Korporasi, Komersial,                                                  Segments of risk management are classified into Corporate, Commercial,
                        Retail dan Syariah.                                                                                                        Retail and Sharia.
               **)                                                                                                                     **)
                        Tidak termasuk efek-efek yang merupakan investasi dari pemegang polis unit-link                                            Excluding securities which are the investment of the Subsidiary’s unit-link
                        Entitas Anak yang tidak memiliki risiko kredit.                                                                            policyholders with no credit risk.
               ***)                                                                                                                    ***)
                        Tidak termasuk obligasi pemerintah yang merupakan investasi dari pemegang polis                                            Excluding government bonds from investments from Subsidiary’s unit-link
                        unit-link Entitas Anak yang tidak memiliki risiko kredit.                                                                  policyholders with no credit risk.
               ****)                                                                                                                   ****)
                        Lain-lain termasuk portofolio di daerah Papua dan cabang luar negeri.                                                      Others include portfolios in Papua and overseas branches.




                                                                                                    427
Page 1442
                                                                                                                                                      The original consolidated financial statements
                                                                                                                                                    included herein are in the Indonesian language.

           PT BANK MANDIRI (PERSERO) Tbk                                                                                           PT BANK MANDIRI (PERSERO) Tbk
               DAN ENTITAS ANAKNYA                                                                                                       AND ITS SUBSIDIARIES
         CATATAN ATAS LAPORAN KEUANGAN                                                                                              NOTES TO THE CONSOLIDATED
                    KONSOLIDASIAN                                                                                                       FINANCIAL STATEMENTS
          Tanggal 31 Desember 2025 dan untuk                                                                                         As of 31 December 2025 and for
         Tahun Berakhir pada Tanggal Tersebut                                                                                           for the Year Then Ended
            (Disajikan dalam jutaan Rupiah,                                                                                         (Expressed in millions of Rupiah,
                kecuali dinyatakan lain)                                                                                                unless otherwise stated)

62. MANAJEMEN RISIKO (lanjutan)                                                                              62. RISK MANAGEMENT (continued)

   A.     Risiko kredit (lanjutan)                                                                                    A.       Credit risk (continued)

   (i)    Eksposur      maksimum risiko kredit tanpa                                                                  (i)     Maximum exposure to credit risk without
          memperhitungkan agunan dan pendukung kredit                                                                         considering collateral held and other credit supports
          lainnya (lanjutan)                                                                                                  (continued)

          Konsentrasi risiko aset keuangan dengan eksposur                                                                    Concentration of risks of financial assets with credit
          risiko kredit (lanjutan)                                                                                            risk exposure (continued)

          a)          Sektor geografis (lanjutan)                                                                             a)       Geographical sectors (continued)
                                                                                             31 Desember 2024/31 December 2024
                                                                                                                                                             ****)
                                                          Jawa                                                                                     Lain-lain****)  /
                                                       dan/and Bali           Sumatera            Kalimantan                Sulawesi                Others                   Total

               Giro pada                                                                                                                                                                            Current accounts with
                 Bank Indonesia                            105.146.044                       -                    -                            -                       -    105.146.044                 Bank Indonesia
               Giro pada                                                                                                                                                                            Current accounts with
                 bank lain                                  33.117.502                       1                  46                             -        13.550.890           46.668.439                     other banks
               Penempatan pada                                                                                                                                                                             Placement with
                 Bank Indonesia                                                                                                                                                                     Bank Indonesia and
                 dan bank lain                              56.227.776                       -             125.000                             -          6.877.278          63.230.054                      other banks
               Efek-efek **)                                                                                                                                                                        Marketable securities**)
                 Pemerintah                                                                                                                                                                                 Government
                   Diukur pada nilai wajar                                                                                                                                                          Fair value through
                     melalui laba rugi                        6.307.186                      -                    -                            -          4.579.392          10.886.578                 profit or loss
                   Diukur pada nilai wajar
                     melalui penghasilan
                     komprehensif lain                                  -                    -                    -                            -          1.779.038           1.779.038         Fair value through OCI
                   Diukur pada biaya
                     perolehan
                     diamortisasi                                       -                    -                    -                            -            718.802             718.802                Amortised cost
                 Non-pemerintah                                                                                                                                                                        Non government
                   Diukur pada nilai wajar                                                                                                                                                          Fair value through
                     melalui laba rugi                      10.835.081                       -                    -                            -            323.275          11.158.356                 profit or loss
                   Diukur pada nilai wajar
                     melalui penghasilan
                     komprehensif lain                      44.685.969                       -                    -                            -            580.359          45.266.328         Fair value through OCI
                   Diukur pada biaya
                     perolehan
                     diamortisasi                             7.244.141                      -                    -                            -            992.102           8.236.243                 Amortised cost
                   Diukur pada biaya
                     perolehan                                3.241.531                      -                    -                            -                       -      3.241.531                          At cost
               Obligasi pemerintah ***)                                                                                                                                                              Government bonds***)
                 Diukur pada nilai wajar                                                                                                                                                              Fair value through
                   melalui laba rugi                        17.761.405                       -                    -                            -                       -     17.761.405                   profit or loss
                 Diukur pada nilai wajar
                   melalui penghasilan
                   komprehensif lain                        76.832.496                       -                    -                            -          5.233.174          82.065.670           Fair value through OCI
                 Diukur pada biaya
                   perolehan diamortisasi                  142.441.103                       -                    -                            -        10.594.767          153.035.870                   Amortised cost
                 Diukur pada biaya
                   perolehan                                22.560.953                       -                    -                            -                       -     22.560.953                            At cost
               Tagihan lainnya -                                                                                                                                                                  Other receivables-trade
                 transaksi perdagangan                      29.732.692                       -                    -                            -            241.425          29.974.117                     transactions
               Tagihan atas efek-efek                                                                                                                                                               Securities purchased
                 yang dibeli dengan                                                                                                                                                                  under agreements
                 janji dijual kembali                         8.290.138                      -                    -                            -                  -           8.290.138                           to resell
               Tagihan derivatif                              7.579.322                      -                    -                            -            182.186           7.761.508           Derivatives receivables
               Kredit yang diberikan                                                                                                                                                                     Loans and sharia
                 dan piutang/pembiayaan                                                                                                                                                                     receivables/*)
                 syariah*)                                                                                                                                                                                     financing
                 Korporasi                                 429.370.155            51.095.695          10.616.701              24.396.049              103.201.699           618.680.299                        Corporate
                 Komersial                                 186.494.470            43.780.899          37.952.463              15.000.003                2.433.125           285.660.960                     Commercial
                 Retail                                    281.223.501            79.424.315          35.472.524              36.624.422               10.959.965           443.704.727                              Retail
                 Syariah                                   165.745.732            66.832.059          19.106.724              13.960.948                9.525.163           275.170.626                             Sharia
               Piutang pembiayaan                                                                                                                                                                    Consumer financing
                 konsumen                                   25.550.231             6.342.235              5.162.552            4.346.104                    172.184          41.573.306                      receivables
               Investasi bersih dalam                                                                                                                                                              Net investment finance
                 sewa pembiayaan                              4.711.290              461.340               336.805              218.446                      29.195           5.757.076                             leases
               Tagihan akseptasi                              8.999.195                    -                     -                    -                     314.670           9.313.865           Acceptance receivables
               Aset lain-lain                                                                                                                                                                                 Other assets
                 Pendapatan yang masih
                   akan diterima                              8.509.445              481.916               230.879              355.188                   1.345.645          10.923.073                  Accrued Income
                 Piutang transaksi                                                                                                                                                            Receivables from customer
                   nasabah                                    3.368.645                      -                    -                            -                       -      3.368.645                    transactions
                 Tagihan terkait dengan                                                                                                                                                    Receivables from transactions
                   transaksi ATM dan                                                                                                                                                               related to ATM and
                   kartu kredit                               2.271.878                      -                    -                            -                       -      2.271.878                      credit card
                 Tagihan kepada                                                                                                                                                                           Receivables to
                   pemegang polis                               415.944                      -                    -                            -                       -        415.944                   policyholders
                 Penjualan efek-efek                                                                                                                                                                   Receivables from
                   yang masih                                                                                                                                                                      sales of marketable
                    harus diterima                              150.277                      -                    -                            -                5.352           155.629                       securities
                 Tagihan atas obligasi                                                                                                                                                      Receivable from government
                   pemerintah yang diagunkan                    802.754                      -                    -                            -                       -        802.754     bonds pledged as collateral

                                                         1.689.616.856          248.418.460          109.003.694              94.901.160              173.639.686          2.315.579.856


               *)                                                                                                                      *)
                        Segmen untuk manajemen risiko dikelompokkan menjadi Korporasi, Komersial,                                                  Segments of risk management are classified into Corporate, Commercial,
                        Retail dan Syariah.                                                                                                        Retail and Sharia.
               **)                                                                                                                     **)
                        Tidak termasuk efek-efek yang merupakan investasi dari pemegang polis unit-link                                            Excluding securities which are the investment of the Subsidiary’s unit-link
                        Entitas Anak yang tidak memiliki risiko kredit.                                                                            policyholders with no credit risk.
               ***)                                                                                                                    ***)
                        Tidak termasuk obligasi pemerintah yang merupakan investasi dari pemegang polis                                            Excluding government bonds from investments from Subsidiary’s unit-link
                        unit-link Entitas Anak yang tidak memiliki risiko kredit.                                                                  policyholders with no credit risk.
               ****)                                                                                                                   ****)
                        Lain-lain termasuk portofolio di daerah Papua dan cabang luar negeri.                                                      Others include portfolios in Papua and overseas branches.




                                                                                                    428
Page 1443
                                                                                                                                            The original consolidated financial statements
                                                                                                                                          included herein are in the Indonesian language.

           PT BANK MANDIRI (PERSERO) Tbk                                                                                     PT BANK MANDIRI (PERSERO) Tbk
               DAN ENTITAS ANAKNYA                                                                                                 AND ITS SUBSIDIARIES
         CATATAN ATAS LAPORAN KEUANGAN                                                                                        NOTES TO THE CONSOLIDATED
                    KONSOLIDASIAN                                                                                                 FINANCIAL STATEMENTS
          Tanggal 31 Desember 2025 dan untuk                                                                                   As of 31 December 2025 and for
         Tahun Berakhir pada Tanggal Tersebut                                                                                     for the Year Then Ended
            (Disajikan dalam jutaan Rupiah,                                                                                   (Expressed in millions of Rupiah,
                kecuali dinyatakan lain)                                                                                          unless otherwise stated)

62. MANAJEMEN RISIKO (lanjutan)                                                                     62. RISK MANAGEMENT (continued)

   A.     Risiko kredit (lanjutan)                                                                           A.        Credit risk (continued)

   (i)    Eksposur      maksimum risiko kredit tanpa                                                         (i)       Maximum exposure to credit risk without
          memperhitungkan agunan dan pendukung kredit                                                                  considering collateral held and other credit supports
          lainnya (lanjutan)                                                                                           (continued)

          Konsentrasi risiko aset keuangan dengan eksposur                                                             Concentration of risks of financial assets with credit
          risiko kredit (lanjutan)                                                                                     risk exposure (continued)

          a)     Sektor geografis (lanjutan)                                                                           a)      Geographical sectors (continued)

                 Eksposur risiko kredit atas rekening                                                                          Credit risk exposure relating to administrative
                 administratif adalah sebagai berikut:                                                                         accounts are as follows:
                                                                                    31 Desember 2025/31 December 2025
                                                       Jawa                                                                              Lain-lain**)/
                                                    dan/and Bali        Sumatera          Kalimantan               Sulawesi               Others**)                   Total


               Rekening administratif                                                                                                                                                   Administrative accounts
                Bank garansi yang diterbitkan         163.260.833               377.725            18.558                   19.576            2.363.680               166.040.372     Bank guarantees issued
                Fasilitas kredit yang diberikan
                  yang belum digunakan*)                56.170.456            7.673.239           867.602               235.547              79.229.652               144.176.496      Unused loan facilities*)
                Letter of credit yang tidak dapat
                  dibatalkan yang                                                                                                                                                     Outstanding irrevocable
                  masih berjalan                        21.598.116               61.616                  -                           -        1.572.050                23.231.782            letter of credit
                Standby letter of credit                17.685.887               81.169                  -                           -          592.735                18.359.791      Standby letter of credit

                                                      258.715.292             8.193.749           886.160               255.123              83.758.117               351.808.441



                                                                                    31 Desember 2024/31 December 2024
                                                       Jawa                                                                              Lain-lain**)/
                                                    dan/and Bali        Sumatera          Kalimantan               Sulawesi               Others**)                   Total


               Rekening administratif                                                                                                                                                   Administrative accounts
                Bank garansi yang diterbitkan         135.721.611               331.051            32.259                   25.680            2.446.902               138.557.503     Bank guarantees issued
                Fasilitas kredit yang diberikan
                  yang belum digunakan*)                50.590.260            6.504.322          1.131.402              267.295              32.298.069                90.791.348      Unused loan facilities*)
                Letter of credit yang tidak dapat
                  dibatalkan yang                                                                                                                                                     Outstanding irrevocable
                  masih berjalan                        21.543.558               18.450                  -                           -          877.655                22.439.663            letter of credit
                Standby letter of credit                11.697.117               70.124                  -                           -          541.448                12.308.689      Standby letter of credit

                                                      219.552.546             6.923.947          1.163.661              292.975              36.164.074               264.097.203


                 *)                                                                                                            *)
                        Termasuk fasilitas kredit committed dan uncommitted kartu                                                        Include unused committed and uncommitted credit card
                        kredit yang belum digunakan.                                                                                     facilities.
                 **)                                                                                                           **)
                        Lain-lain termasuk portofolio di daerah Papua dan cabang                                                         Others include portfolios in Papua and overseas branches.
                        luar negeri.


          b)     Sektor industri                                                                                       b)      Industry sectors

                 Tabel berikut ini menggambarkan rincian                                                                       The following table describe Bank’s credit
                 eksposur kredit Bank pada nilai bruto (tanpa                                                                  exposure at gross amounts (without taking into
                 memperhitungkan       cadangan      kerugian                                                                  account any allowance for impairment losses,
                 penurunan nilai, agunan atau pendukung                                                                        collateral held or other credit support), as
                 kredit   lainnya),    yang     dikategorikan                                                                  categorised by industry sectors.
                 berdasarkan sektor industri.
                                                                                  31 Desember 2025/31 December 2025
                                                                Lembaga
                                                               keuangan/
                                                                  Bank/                                                 Jasa dunia
                                                                Financial                                                 usaha/                        ****)
                                            Pemerintah/        institution/        Industri/        Pertanian/           Business            Lain-lain****)   /
                                            Government            Bank           Manufacturing      Agriculture          services             Others                     Total
               Giro pada                                                                                                                                                                  Current accounts with
                Bank Indonesia                             -    238.289.478                  -                     -                     -                        -     238.289.478         Bank Indonesia
               Giro pada                                                                                                                                                                  Current accounts with
                bank lain                                  -       60.952.583                -                     -                     -                        -      60.952.583             other banks
               Penempatan pada                                                                                                                                                                  Placement with
                Bank Indonesia                                                                                                                                                            Bank Indonesia and
                dan bank lain                              -       50.471.834                -                     -                     -                        -      50.471.834               other banks




                                                                                           429
Page 1444
                                                                                                                                                      The original consolidated financial statements
                                                                                                                                                    included herein are in the Indonesian language.

           PT BANK MANDIRI (PERSERO) Tbk                                                                                              PT BANK MANDIRI (PERSERO) Tbk
               DAN ENTITAS ANAKNYA                                                                                                          AND ITS SUBSIDIARIES
         CATATAN ATAS LAPORAN KEUANGAN                                                                                                 NOTES TO THE CONSOLIDATED
                    KONSOLIDASIAN                                                                                                          FINANCIAL STATEMENTS
          Tanggal 31 Desember 2025 dan untuk                                                                                            As of 31 December 2025 and for
         Tahun Berakhir pada Tanggal Tersebut                                                                                              for the Year Then Ended
            (Disajikan dalam jutaan Rupiah,                                                                                            (Expressed in millions of Rupiah,
                kecuali dinyatakan lain)                                                                                                   unless otherwise stated)

62. MANAJEMEN RISIKO (lanjutan)                                                                               62. RISK MANAGEMENT (continued)

   A.     Risiko kredit (lanjutan)                                                                                   A.         Credit risk (continued)

   (i)    Eksposur      maksimum risiko kredit tanpa                                                                 (i)        Maximum exposure to credit risk without
          memperhitungkan agunan dan pendukung kredit                                                                           considering collateral held and other credit supports
          lainnya (lanjutan)                                                                                                    (continued)

          Konsentrasi risiko aset keuangan dengan eksposur                                                                      Concentration of risks of financial assets with credit
          risiko kredit (lanjutan)                                                                                              risk exposure (continued)

          b)          Sektor industri                                                                                           b)      Industry sectors
                                                                                           31 Desember 2025/31 December 2025
                                                                        Lembaga
                                                                       keuangan/
                                                                          Bank/                                                  Jasa dunia
                                                                        Financial                                                  usaha/                          ****)
                                                  Pemerintah/          institution/         Industri/         Pertanian/          Business              Lain-lain****)   /
                                                  Government              Bank            Manufacturing       Agriculture         services               Others                    Total
               Efek-efek **)                                                                                                                                                                         Marketable securities**)
                 Pemerintah                                                                                                                                                                                   Government
                   Diukur pada nilai wajar                                                                                                                                                            Fair value through
                     melalui laba rugi       19.927.879                               -                   -                 -                       -                        -     19.927.879             profit or loss
                   Diukur pada nilai wajar                                                                                                                                                          Fair value through
                     melalui penghasilan                                                                                                                                                         other comprehensive
                     komprehensif lain        1.847.374                               -                   -                 -                       -                        -      1.847.374                   income
                   Diukur pada biaya
                     perolehan
                     diamortisasi               741.403                               -                   -                 -                       -                        -        741.403            Amortised cost
                 Non-Pemerintah                                                                                                                                                                          Non government
                   Diukur pada nilai wajar                                                                                                                                                           Fair value through
                     melalui laba rugi                -                  31.218.106                   195                  14                     13                    387        31.218.715             profit or loss
                   Diukur pada nilai wajar                                                                                                                                                           Fair value through
                     melalui penghasilan                                                                                                                                                         other comprehensive
                     komprehensif lain                -                  50.870.418              170.233           390.183                   510.747           1.410.199           53.351.780                   income
                   Diukur pada biaya
                     perolehan
                     diamortisasi                     -                    1.996.022             270.000           245.000                   830.007              493.447           3.834.476            Amortised cost
                   Diukur pada biaya
                     perolehan       ***)
                                                      -                    2.000.362                      -                 -                       -                        -      2.000.362                     At cost
               Obligasi pemerintah                                                                                                                                                                    Government bonds***)
                 Diukur pada nilai wajar                                                                                                                                                               Fair value through
                   melalui laba rugi         19.407.836                               -                   -                 -                       -                        -     19.407.836              profit or loss
                 Diukur pada nilai wajar                                                                                                                                                               Fair value through
                   melalui penghasilan                                                                                                                                                             other comprehensive
                   komprehensif lain        106.034.349                               -                   -                 -                       -                        -    106.034.349                    income
                 Diukur pada biaya
                   perolehan
                   diamortisasi             137.907.775                               -                   -                 -                       -                        -    137.907.775              Amortised cost
                 Diukur pada biaya
                   perolehan                 15.187.944                               -                   -                 -                       -                        -     15.187.944                        At cost
               Tagihan lainnya -                                                                                                                                                                         Other receivables -
                 transaksi perdagangan                -                      333.500                      -                 -                       -        31.738.611            32.072.111          trade transactions
               Tagihan atas efek-efek                                                                                                                                                                 Securities purchased
                 yang dibeli dengan                                                                                                                                                                          under resale
                 janji dijual kembali                 -                    3.903.777                   -                 -                     -                        -           3.903.777                 agreements
               Tagihan derivatif                      -                    3.370.685             669.488               215             2.729.766                  507.521           7.277.675       Derivatives receivables
               Kredit yang diberikan dan                                                                                                                                                                   Loans and sharia
                 piutang/pembiayaan
                          *)
                                                                                                                                                                                                              receivables/*)
                 syariah                                                                                                                                                                                         financing
                 Korporasi                  114.861.105                    6.144.709        123.637.212         78.750.064           192.406.945            247.403.681           763.203.716                    Corporate
                 Komersial                            -                    1.844.103         68.321.672         54.945.981           102.893.488             88.702.053           316.707.297                 Commercial
                 Retail                               -                       73.919         12.227.525         46.884.583           112.601.203            283.458.548           455.245.778                         Retail
                 Syariah                     25.682.426                    6.264.752         12.900.062         23.408.843            34.273.156            212.281.926           314.811.165                        Sharia
               Piutang pembiayaan                                                                                                                                                                      Consumer financing
                 konsumen                        29.013                       78.108               76.099           62.295                     53.693        40.563.992            40.863.200                  receivables
               Investasi bersih dalam                                                                                                                                                                Net investment finance
                 sewa pembiayaan                  3.391                       10.119              11.007            19.003                      7.703          4.102.517            4.153.740                        leases
               Tagihan akseptasi                      -                    1.717.037           1.590.495            29.820                          -          4.750.926            8.088.278       Acceptance receivables
               Aset lain-lain                                                                                                                                                                                   Other assets
                 Pendapatan yang masih
                   akan diterima              2.157.818                      327.471           1.359.439           192.645                   134.072           8.027.921           12.199.366             Accrued income
                 Piutang transaksi                                                                                                                                                                      Receivables from
                   nasabah                            -                               -                   -                 -                       -          5.136.221            5.136.221     customer transactions
                 Tagihan terkait dengan                                                                                                                                                                 Receivables from
                   transaksi                                                                                                                                                                     transactions related to
                   ATM dan kartu kredit               -                               -                   -                 -                       -          1.756.992            1.756.992      ATM and credit card
                 Penjualan efek-efek                                                                                                                                                                      Receivable from
                   yang masih                                                                                                                                                                       sales of marketable
                    harus diterima                    -                    1.855.501                      -                 -                       -                        -      1.855.501                 securities
                 Tagihan atas obligasi                                                                                                                                                        Receivable from government
                   Pemerintah yang diagunkan          -                               -                   -                 -                       -          2.746.074            2.746.074 bonds pledged as collateral
                                                    443.788.313         461.722.484         221.233.427        204.928.646           446.440.793            933.081.016          2.711.194.679


               *)
                        Segmen untuk manajemen risiko dikelompokkan menjadi Korporasi, Komersial,                                       *)
                                                                                                                                                   Segments of risk management are classified into Corporate, Commercial,
                        Retail dan Syariah.                                                                                                        Retail and Sharia.
               **)
                        Tidak termasuk efek-efek yang merupakan investasi dari pemegang polis unit-link                                 **)
                                                                                                                                                   Excluding marketable securities from investment from the Subsidiary’s unit-
                        Entitas Anak yang tidak memiliki risiko kredit.                                                                            link policyholders with no credit risk.
               ***)
                        Tidak termasuk obligasi pemerintah yang merupakan investasi dari pemegang                                       ***)
                                                                                                                                                   Excluding government bonds from investments from Subsidiary’s unit-link
                        polis unit-link Entitas Anak yang tidak memiliki risiko kredit.                                                            policyholders with no credit risk.
               ****)
                        Lain-lain termasuk perdagangan, restoran dan hotel, tambang, pengangkutan,                                      ****)
                        pergudangan dan komunikasi, konstruksi, listrik, gas dan air dan jasa sosial.                                              Others including trading, restaurant and hotel, mining, transportation,
                                                                                                                                                   warehousing and communication, construction, electricity, gas and water, and
                                                                                                                                                   social services.




                                                                                                      430
Page 1445
                                                                                                                                                       The original consolidated financial statements
                                                                                                                                                     included herein are in the Indonesian language.

           PT BANK MANDIRI (PERSERO) Tbk                                                                                              PT BANK MANDIRI (PERSERO) Tbk
               DAN ENTITAS ANAKNYA                                                                                                          AND ITS SUBSIDIARIES
         CATATAN ATAS LAPORAN KEUANGAN                                                                                                 NOTES TO THE CONSOLIDATED
                    KONSOLIDASIAN                                                                                                          FINANCIAL STATEMENTS
          Tanggal 31 Desember 2025 dan untuk                                                                                            As of 31 December 2025 and for
         Tahun Berakhir pada Tanggal Tersebut                                                                                              for the Year Then Ended
            (Disajikan dalam jutaan Rupiah,                                                                                            (Expressed in millions of Rupiah,
                kecuali dinyatakan lain)                                                                                                   unless otherwise stated)

62. MANAJEMEN RISIKO (lanjutan)                                                                               62. RISK MANAGEMENT (continued)

   A.     Risiko kredit (lanjutan)                                                                                   A.         Credit risk (continued)

   (i)    Eksposur      maksimum risiko kredit tanpa                                                                 (i)        Maximum exposure to credit risk without
          memperhitungkan agunan dan pendukung kredit                                                                           considering collateral held and other credit supports
          lainnya (lanjutan)                                                                                                    (continued)

          Konsentrasi risiko aset keuangan dengan eksposur                                                                      Concentration of risks of financial assets with credit
          risiko kredit (lanjutan)                                                                                              risk exposure (continued)

          b)          Sektor industri (lanjutan)                                                                                b)      Industry sectors (continued)
                                                                                           31 Desember 2024/31 December 2024
                                                                        Lembaga
                                                                       keuangan/
                                                                          Bank/                                                  Jasa dunia
                                                                        Financial                                                  usaha/                           ****)
                                                  Pemerintah/          institution/         Industri/         Pertanian/          Business               Lain-lain****)   /
                                                  Government              Bank            Manufacturing       Agriculture         services                Others                     Total

               Giro pada                                          -     105.146.044                       -                 -                        -                        -    105.146.044        Current accounts with
                 Bank Indonesia                                                                                                                                                                          Bank Indonesia
               Giro pada                                                                                                                                                                              Current accounts with
                 bank lain                                        -      46.668.439                       -                 -                        -                        -     46.668.439               other banks
               Penempatan pada                                                                                                                                                                               Placement with
                 Bank Indonesia                                                                                                                                                                        Bank Indonesia and
                 dan bank lain                                    -      63.230.054                       -                 -                        -                        -     63.230.054                 other banks
               Efek-efek **)                                                                                                                                                                         Marketable securities**)
                 Pemerintah                                                                                                                                                                                   Government
                   Diukur pada nilai wajar                                                                                                                                                            Fair value through
                     melalui laba rugi                10.886.578                      -                   -                 -                        -                        -     10.886.578            profit or loss
                   Diukur pada nilai wajar                                                                                                                                                            Fair value through
                     melalui penghasilan                                                                                                                                                          other comprehensive
                     komprehensif lain                 1.779.038                      -                   -                 -                        -                        -      1.779.038                  income
                   Diukur pada biaya
                     perolehan
                     diamortisasi                        718.802                      -                   -                 -                        -                        -        718.802            Amortised cost
                   Diukur pada biaya
                     perolehan                                    -                   -                   -                 -                        -                        -                                   At cost
                 Non-Pemerintah                                                                                                                                                                           Non government
                   Diukur pada nilai wajar                                                                                                                                                            Fair value through
                     melalui laba rugi                            -      11.057.404                21.731                  15                   48.833              30.373          11.158.356            profit or loss
                   Diukur pada nilai wajar                                                                                                                                                            Fair value through
                     melalui penghasilan                                                                                                                                                          other comprehensive
                     komprehensif lain                            -      42.650.923              119.032           386.277                   506.815            1.603.281           45.266.328                  income
                   Diukur pada biaya
                     perolehan
                     diamortisasi                                 -        5.034.926             631.127           245.000             1.586.142                   739.048           8.236.243            Amortised cost
                   Diukur pada biaya
                     perolehan                                    -        2.682.731                      -                 -                213.800               345.000           3.241.531                     At cost
               Obligasi pemerintah***)                                                                                                                                                                 Government bonds***)
                 Diukur pada nilai wajar                                                                                                                                                                Fair value through
                   melalui laba rugi                  17.761.405                      -                   -                 -                        -                        -     17.761.405              profit or loss
                 Diukur pada nilai wajar                                                                                                                                                                Fair value through
                   melalui penghasilan                                                                                                                                                              other comprehensive
                   komprehensif lain                  82.065.670                      -                   -                 -                        -                        -     82.065.670                    income
                 Diukur pada biaya
                   perolehan
                   diamortisasi                     153.035.870                       -                   -                 -                        -                        -    153.035.870              Amortised cost
                 Diukur pada biaya
                   perolehan                          22.560.953                      -                   -                 -                        -                        -     22.560.953                        At cost
               Tagihan lainnya -                                                                                                                                                                          Other receivables -
                 transaksi perdagangan                            -        1.753.545                      -                 -                        -        28.220.572            29.974.117          trade transactions
               Tagihan atas efek-efek                                                                                                                                                                  Securities purchased
                 yang dibeli dengan                                                                                                                                                                           under resale
                 janji dijual kembali                             -        8.290.138                   -                 -                     -                         -           8.290.138                 agreements
               Tagihan derivatif                                  -        3.631.354             877.100               216             2.673.918                   578.920           7.761.508       Derivatives receivables
               Kredit yang diberikan dan                                                                                                                                                                    Loans and sharia
                 piutang/pembiayaan                                                                                                                                                                            receivables/*)
                 syariah*)                                                                                                                                                                                        financing
                 Korporasi                            85.081.375           8.101.679        285.310.062         32.237.613           137.660.676              70.288.894           618.680.299                    Corporate
                 Komersial                                     -           1.735.764        100.195.185         56.309.051            88.085.089              39.335.871           285.660.960                 Commercial
                 Retail                                        -              53.922         25.616.926         43.506.687           110.664.838             263.362.354           443.204.727                         Retail
                 Syariah                              25.658.512           5.806.852         12.754.202         24.252.209            22.883.334             183.815.517           275.170.626                        Sharia
               Piutang pembiayaan                                                                                                                                                                       Consumer financing
                 konsumen                                  45.265            120.151             113.459            69.112                     67.538         41.157.781            41.573.306                  receivables
               Investasi bersih dalam                                                                                                                                                                 Net investment finance
                 sewa pembiayaan                            3.938             10.348              19.577            35.238                     17.077           5.670.898            5.757.076                        leases
               Tagihan akseptasi                                -          1.056.048           2.726.997            85.489                          -           5.445.331            9.313.865       Acceptance receivables
               Aset lain-lain                                                                                                                                                                                    Other assets
                 Pendapatan yang masih
                   akan diterima                       1.949.949             420.961             699.472           224.822                   140.370            7.487.499           10.923.073            Accrued income
                 Piutang transaksi                                                                                                                                                                       Receivables from
                   nasabah                                        -                   -                   -                 -                        -          3.368.645            3.368.645    customer transactions
                 Tagihan terkait dengan                                                                                                                                                                  Receivables from
                   transaksi                                                                                                                                                                      transactions related to
                   ATM dan kartu kredit                           -                   -                   -                 -                        -          2.271.878            2.271.878      ATM and credit card
                 Tagihan kepada                                                                                                                                                                             Receivables to
                   pemegang polis                                 -          415.944                      -                 -                        -                        -        415.944             policyholders
                 Penjualan efek-efek                                                                                                                                                                      Receivable from
                   yang masih                                                                                                                                                                        sales of marketable
                    harus diterima                                -          155.629                      -                 -                        -                        -        155.629                 securities
                 Tagihan atas obligasi                                                                                                                                                                   Receivables from
                   pemerintah yang                                                                                                                                                                    government bonds
                   diagunkan                                      -          802.754                      -                 -                        -                        -        802.754      pledged as collateral

                                                   401.547.355          308.825.610         429.084.870        157.351.729           364.548.430            653.721.862           2.315.079.856


               *)
                        Segmen untuk manajemen risiko dikelompokkan menjadi Korporasi, Komersial,                                       *)
                                                                                                                                                    Segments of risk management are classified into Corporate, Commercial,
                        Retail dan Syariah.                                                                                                         Retail and Sharia.
               **)
                        Tidak termasuk efek-efek yang merupakan investasi dari pemegang polis unit-link                                 **)
                                                                                                                                                    Excluding marketable securities from investment from the Subsidiary’s unit-
                        Entitas Anak yang tidak memiliki risiko kredit.                                                                             link policyholders with no credit risk.
               ***)
                        Tidak termasuk obligasi pemerintah yang merupakan investasi dari pemegang                                       ***)
                                                                                                                                                    Excluding government bonds from investments from Subsidiary’s unit-link
                        polis unit-link Entitas Anak yang tidak memiliki risiko kredit.                                                             policyholders with no credit risk.
               ****)
                        Lain-lain termasuk perdagangan, restoran dan hotel, tambang, pengangkutan,                                      ****)
                                                                                                                                                    Others including trading, restaurant and hotel, mining, transportation,
                        pergudangan dan komunikasi, konstruksi, listrik, gas dan air dan jasa sosial.                                               warehousing and communication, construction, electricity, gas and water, and
                                                                                                                                                    social services.




                                                                                                      431
Page 1446
                                                                                                                             The original consolidated financial statements
                                                                                                                           included herein are in the Indonesian language.

           PT BANK MANDIRI (PERSERO) Tbk                                                                        PT BANK MANDIRI (PERSERO) Tbk
               DAN ENTITAS ANAKNYA                                                                                    AND ITS SUBSIDIARIES
         CATATAN ATAS LAPORAN KEUANGAN                                                                           NOTES TO THE CONSOLIDATED
                    KONSOLIDASIAN                                                                                    FINANCIAL STATEMENTS
          Tanggal 31 Desember 2025 dan untuk                                                                      As of 31 December 2025 and for
         Tahun Berakhir pada Tanggal Tersebut                                                                        for the Year Then Ended
            (Disajikan dalam jutaan Rupiah,                                                                      (Expressed in millions of Rupiah,
                kecuali dinyatakan lain)                                                                             unless otherwise stated)

62. MANAJEMEN RISIKO (lanjutan)                                                             62. RISK MANAGEMENT (continued)

   A.     Risiko kredit (lanjutan)                                                                 A.      Credit risk (continued)

   (i)    Eksposur      maksimum risiko kredit tanpa                                               (i)     Maximum exposure to credit risk without
          memperhitungkan agunan dan pendukung kredit                                                      considering collateral held and other credit supports
          lainnya (lanjutan)                                                                               (continued)

          Konsentrasi risiko aset keuangan dengan eksposur                                                 Concentration of risks of financial assets with credit
          risiko kredit (lanjutan)                                                                         risk exposure (continued)

          b)     Sektor industri (lanjutan)                                                                b)   Industry sectors (continued)

                 Eksposur risiko kredit atas rekening                                                           Credit risk exposure relating to administrative
                 administratif adalah sebagai berikut:                                                          accounts items are as follows:

                                                                             31 Desember 2025/31 December 2025
                                                              Lembaga
                                                             keuangan/
                                                                Bank/                                       Jasa dunia
                                                              Financial                                       usaha/
                                           Pemerintah/       institution/     Industri/     Pertanian/       Business          Lain-lain **)/
                                           Government           Bank        Manufacturing   Agriculture      services           Others**)        Total




               Rekening administratif                                                                                                                            Administrative accounts
                Bank garansi yang
                  diterbitkan                    97.792        65.879.399      56.093.623        446.785              72.457      43.450.316    166.040.372     Bank guarantees issued
                Fasilitas kredit yang
                  diberikan yang
                  belum digunakan*)          71.827.074         2.392.990       4.509.446      4.751.952               1.601      60.693.433    144.176.496      Unused loan facilities*)
                Letter of credit yang
                  tidak dapat dibatalkan                                                                                                                        Outstanding irrevocable
                  yang masih berjalan                    -         80.886      10.936.727        415.100        1.698.851         10.100.218     23.231.782            letter of credit
                Standby letter of credit                 -        241.102       4.706.767         38.895        1.760.255         11.612.772     18.359.791      Standby letter of credit

                                             71.924.866        68.594.377      76.246.563      5.652.732        3.533.164       125.856.739     351.808.441



                                                                             31 Desember 2024/31 December 2024
                                                              Lembaga
                                                             keuangan/
                                                                Bank/                                       Jasa dunia
                                                              Financial                                       usaha/
                                           Pemerintah/       institution/     Industri/     Pertanian/       Business          Lain-lain **)/
                                           Government           Bank        Manufacturing   Agriculture      services           Others**)        Total


               Rekening administratif                                                                                                                            Administrative accounts
                Bank garansi yang
                  diterbitkan                     2.382        51.064.346      40.619.857        568.693              32.156      46.270.069    138.557.503     Bank guarantees issued
                Fasilitas kredit yang
                  diberikan yang
                  belum digunakan*)          26.371.180         2.614.575       5.345.452      3.725.464                 47       52.734.630     90.791.348      Unused loan facilities*)
                Letter of credit yang
                  tidak dapat dibatalkan                                                                                                                        Outstanding irrevocable
                  yang masih berjalan                    -         25.389       8.366.219        124.537        1.779.398         12.144.120     22.439.663            letter of credit
                Standby letter of credit                 -        210.044       2.268.237         38.581        2.065.350          7.726.477     12.308.689      Standby letter of credit

                                             26.373.562        53.914.354      56.599.765      4.457.275        3.876.951       118.875.296     264.097.203


                 *)                                                                                             *)
                        Termasuk fasilitas kredit committed dan uncommitted kartu                                         Include unused committed and uncommitted credit card facilities
                        kredit yang belum digunakan.
                 **)                                                                                            **)
                        Lain-lain termasuk perdagangan, restoran dan hotel, tambang,                                      Others include trade, restaurants and hotels, mining,
                        pengangkutan, pergudangan dan komunikasi, konstruksi, listrik,                                    transportation, warehousing and communications, construction,
                        gas dan air, dan jasa sosial.                                                                     electricity, gas and water, and social services.




                                                                                      432
Page 1447
                                                                                                                  The original consolidated financial statements
                                                                                                                included herein are in the Indonesian language.

          PT BANK MANDIRI (PERSERO) Tbk                                                              PT BANK MANDIRI (PERSERO) Tbk
              DAN ENTITAS ANAKNYA                                                                          AND ITS SUBSIDIARIES
        CATATAN ATAS LAPORAN KEUANGAN                                                                 NOTES TO THE CONSOLIDATED
                   KONSOLIDASIAN                                                                          FINANCIAL STATEMENTS
         Tanggal 31 Desember 2025 dan untuk                                                            As of 31 December 2025 and for
        Tahun Berakhir pada Tanggal Tersebut                                                              for the Year Then Ended
           (Disajikan dalam jutaan Rupiah,                                                            (Expressed in millions of Rupiah,
               kecuali dinyatakan lain)                                                                   unless otherwise stated)

62. MANAJEMEN RISIKO (lanjutan)                                                     62. RISK MANAGEMENT (continued)

   A.    Risiko kredit (lanjutan)                                                         A.      Credit risk (continued)

         (ii) Kualitas aset keuangan                                                              (ii) Financial assets quality

             Tabel di bawah menunjukkan kualitas aset                                                 The following tables show the quality of
             keuangan berdasarkan golongan aset untuk                                                 financial assets by asset class for all financial
             semua aset keuangan yang mempunyai risiko                                                assets exposed by credit risk (excluding
             kredit (di luar cadangan kerugian penurunan                                              allowance for impairment losses) for financial
             nilai) untuk aset keuangan dari Entitas Anak                                             assets from sharia Subsidiary (for financial
             syariah (untuk kualitas aset keuangan selain                                             assets other than from sharia Subsidiary are
             dari Entitas Anak syariah dikelompokkan                                                  classified based on stage) (Note 5, 6, 7, 8, 9,
             berdasarkan stage) (Catatan 5, 6, 7, 8, 9, 12,                                           12, and 15):
             dan 15):

                                                                31 Desember 2025/31 December 2025
                                                                                Telah jatuh
                                                Belum jatuh tempo atau         tempo tetapi
                                             tidak mengalami penurunan             tidak
                                                nilai/Neither past due          mengalami
                                                      nor impaired              penurunan
                                                                                   nilai/         Mengalami
                                                                Tingkat          Past due         penurunan
                                             Tingkat tinggi/    standar/          but not            nilai/            Jumlah/
                                              High grade     Standard grade      impaired          Impaired             Total

            Aset                                                                                                                                                    Assets
            Giro pada Bank Indonesia           29.440.190                 -                   -                 -       29.440.190    Current accounts with Bank Indonesia
            Giro pada bank lain                 2.718.450                 -                   -                 -        2.718.450       Current accounts with other banks
            Penempatan pada bank Indonesia                                                                                                  Placement with Bank Indonesia
               dan bank lain                   22.162.853                 -                   -                 -       22.162.853                     and other banks
            Efek-efek*)                                                                                                                              Marketable securities*)
               Pemerintah                      20.988.839                 -                   -                 -       20.988.839                          Government
               Non pemerintah                   4.942.867                 -                   -                 -        4.942.867                     Non-government
            Obligasi pemerintah*)              35.482.375                 -                   -                 -       35.482.375                     Government bonds*)
            Tagihan lainnya - transaksi                                                                                                           Other receivables - trade
               perdagangan                       1.730.718                -                   -            43.429        1.774.147                          transactions
            Kredit yang diberikan dan                                                                                                                     Loans and sharia
               piutang/pembiayaan syariah     285.542.972       18.113.581          5.427.103        5.727.509        314.811.165                  receivables/financing
            Tagihan akseptasi                     660.347                -                  -                -            660.347                  Acceptance receivables


                                              403.669.611       18.113.581          5.427.103        5.770.938        432.981.233


             *)                                                                                       *)
                   Termasuk aset keuangan yang diukur pada nilai wajar melalui                                 Include financial assets measured at fair value through profit or
                   laba rugi.                                                                                  loss.

                                                             31 Desember 2024/ 31 December 2024
                                                                                Telah jatuh
                                                Belum jatuh tempo atau         tempo tetapi
                                             tidak mengalami penurunan             tidak
                                                nilai/Neither past due          mengalami
                                                      nor impaired              penurunan
                                                                                   nilai/         Mengalami
                                                                Tingkat          Past due         penurunan
                                             Tingkat tinggi/    standar/          but not            nilai/            Jumlah/
                                              High grade     Standard grade      impaired          Impaired             Total

            Aset                                                                                                                                                    Assets
            Giro pada Bank Indonesia           13.838.304                 -                   -                 -       13.838.304    Current accounts with Bank Indonesia
            Giro pada bank lain                 1.480.874                 -                   -                 -        1.480.874       Current accounts with other banks
            Penempatan pada bank Indonesia                                                                                                  Placement with Bank Indonesia
               dan bank lain                   36.127.975                 -                   -                 -       36.127.975                     and other banks
            Efek-efek*)                                                                                                                               Marketable securities
               Pemerintah                      23.303.366                 -                   -                 -       23.303.366                          Government
               Non pemerintah                   5.814.920                 -                   -                 -        5.814.920                     Non-government
            Obligasi pemerintah*)              35.419.634                 -                   -                 -       35.419.634                     Government bonds*)
            Tagihan lainnya - transaksi                                                                                                           Other receivables - trade
               perdagangan                        319.422                 -                   -            43.429          362.851                          transactions
            Kredit yang diberikan dan                                                                                                                     Loans and sharia
               piutang/pembiayaan syariah     255.049.260        9.885.245          4.991.430        5.244.691        275.170.626                  receivables/financing
            Tagihan akseptasi                     185.145                -                  -                -            185.145                  Acceptance receivables


                                              371.538.900        9.885.245          4.991.430        5.288.120        391.703.695


             *)                                                                                       *)
                   Termasuk aset keuangan yang diukur pada nilai wajar melalui                                 Include financial assets measured at fair value through profit or
                   laba rugi.                                                                                  loss.




                                                                              433
Page 1448
                                                                                                                 The original consolidated financial statements
                                                                                                               included herein are in the Indonesian language.

          PT BANK MANDIRI (PERSERO) Tbk                                                               PT BANK MANDIRI (PERSERO) Tbk
              DAN ENTITAS ANAKNYA                                                                           AND ITS SUBSIDIARIES
        CATATAN ATAS LAPORAN KEUANGAN                                                                  NOTES TO THE CONSOLIDATED
                   KONSOLIDASIAN                                                                           FINANCIAL STATEMENTS
         Tanggal 31 Desember 2025 dan untuk                                                             As of 31 December 2025 and for
        Tahun Berakhir pada Tanggal Tersebut                                                               for the Year Then Ended
           (Disajikan dalam jutaan Rupiah,                                                             (Expressed in millions of Rupiah,
               kecuali dinyatakan lain)                                                                    unless otherwise stated)

62. MANAJEMEN RISIKO (lanjutan)                                                      62. RISK MANAGEMENT (continued)

   A.    Risiko kredit (lanjutan)                                                         A.       Credit risk (continued)

         (ii) Kualitas aset keuangan (lanjutan)                                                    (ii) Financial assets quality (continued)

             Tabel di bawah menunjukkan kualitas aset                                                  The following tables show the quality of
             keuangan berdasarkan golongan aset untuk                                                  financial assets by asset class for all financial
             semua aset keuangan yang mempunyai risiko                                                 assets exposed by credit risk (excluding
             kredit (di luar cadangan kerugian penurunan                                               allowance for impairment losses) for financial
             nilai) untuk aset keuangan dari Entitas Anak                                              assets from sharia Subsidiary (for financial
             syariah (untuk kualitas aset keuangan selain                                              assets other than from sharia Subsidiary are
             dari Entitas Anak syariah dikelompokkan                                                   classified based on stage) (Note 5, 6, 7, 8, 9,
             berdasarkan stage) (Catatan 5, 6, 7, 8, 9, 12,                                            12, and 15): (continued)
             dan 15): (lanjutan)
                                                                  31 Desember 2025/31 December 2025
                                                                                 Telah jatuh
                                                 Belum jatuh tempo atau         tempo tetapi
                                              tidak mengalami penurunan             tidak
                                                 nilai/Neither past due          mengalami
                                                       nor impaired              penurunan
                                                                                    nilai/         Mengalami
                                                                 Tingkat          Past due         penurunan
                                              Tingkat tinggi/    standar/          but not            nilai/           Jumlah/
                                               High grade     Standard grade      impaired          Impaired            Total
             Rekening administratif                                                                                     1.267.138          Administrative accounts
              Bank garansi yang diterbitkan       1.267.138                -                   -               -                        Bank guarantees issued
              Letter of credit yang tidak
                dapat dibatalkan yang                                                                                                   Outstanding irrevocable
                 masih berjalan                     108.179                -                   -               -          108.179              letter of credit
              Standby letter of credit            1.213.301                -                   -               -        1.213.301        Standby letter of credit
                                                  2.588.618                -                   -               -        2.588.618



                                                                  31 Desember 2024/31 December 2024
                                                                                 Telah jatuh
                                                 Belum jatuh tempo atau         tempo tetapi
                                              tidak mengalami penurunan             tidak
                                                 nilai/Neither past due          mengalami
                                                       nor impaired              penurunan
                                                                                    nilai/         Mengalami
                                                                 Tingkat          Past due         penurunan
                                              Tingkat tinggi/    standar/          but not            nilai/           Jumlah/
                                               High grade     Standard grade      impaired          Impaired            Total

            Rekening administratif                                                                                                         Administrative accounts
             Bank garansi yang diterbitkan        1.301.664                -                   -               -        1.301.664       Bank guarantees issued
             Letter of credit yang tidak
              dapat dibatalkan yang                                                                                                     Outstanding irrevocable
              masih berjalan                       364.586                 -                   -               -          364.586              letter of credit
             Standby letter of credit              739.062                 -                   -               -          739.062        Standby letter of credit
                                                  2.405.312                -                   -               -        2.405.312


             Tingkat tinggi                                                                            High grade
             (a)      Giro dan penempatan pada Bank                                                    (a)         Current accounts and placements with
                      Indonesia, giro dan penempatan pada                                                          Bank Indonesia, current accounts and
                      bank lain yaitu giro atau penempatan                                                         placements with other banks are current
                      pada institusi Pemerintah, institusi                                                         accounts or placements with the
                      Pemerintah Daerah,       bank    yang                                                        Government           institutions,  Local
                      terdaftar di bursa serta transaksi                                                           Government institutions, banks listed on
                      dengan bank yang memiliki reputasi                                                           the stock exchange and transactions with
                      baik dengan tingkat kemungkinan gagal                                                        reputable banks with low probability of
                      bayar atas kewajiban yang rendah.                                                            default on liabilities.
             (b)      Investasi pada surat berharga yaitu                                              (b)         Investments in marketable securities are
                      surat berharga yang diterbitkan oleh                                                         securities issued by Government,
                      Pemerintah, efek-efek dan obligasi                                                           securities and bonds that are included in
                      yang termasuk dalam investment grade                                                         investment grade with rating at least
                      dengan rating minimal idBBB (Pefindo),                                                       idBBB (Pefindo), BBB+ (S&P), Baa1
                      BBB+ (S&P), Baa1 (Moody’s) atau                                                              (Moody’s) or BBB+ (Fitch).
                      BBB+ (Fitch).

                                                                               434
Page 1449
                                                                                                          The original consolidated financial statements
                                                                                                        included herein are in the Indonesian language.

          PT BANK MANDIRI (PERSERO) Tbk                                                          PT BANK MANDIRI (PERSERO) Tbk
              DAN ENTITAS ANAKNYA                                                                      AND ITS SUBSIDIARIES
        CATATAN ATAS LAPORAN KEUANGAN                                                             NOTES TO THE CONSOLIDATED
                   KONSOLIDASIAN                                                                      FINANCIAL STATEMENTS
         Tanggal 31 Desember 2025 dan untuk                                                        As of 31 December 2025 and for
        Tahun Berakhir pada Tanggal Tersebut                                                          for the Year Then Ended
           (Disajikan dalam jutaan Rupiah,                                                        (Expressed in millions of Rupiah,
               kecuali dinyatakan lain)                                                               unless otherwise stated)

62. MANAJEMEN RISIKO (lanjutan)                                                62. RISK MANAGEMENT (continued)

   A.    Risiko kredit (lanjutan)                                                    A.       Credit risk (continued)

         (ii) Kualitas aset keuangan (lanjutan)                                               (ii) Financial assets quality (continued)

             Tingkat tinggi (lanjutan)                                                            High grade (continued)

             (c)     Pembiayaan, piutang, dan pinjaman                                            (c)       Financing, receivables and funds are
                     yaitu pembiayaan, piutang, dan                                                         financing, receivables and funds to
                     pinjaman kepada debitur dengan                                                         debtors with excellent payments history
                     riwayat pembayaran yang sangat baik                                                    and never being in arrears throughout the
                     dan     tidak      pernah   menunggak                                                  financing period and debtors whose
                     sepanjang jangka waktu pembiayaan                                                      accounts have never been restructured.
                     dan debitur dengan riwayat tidak pernah
                     direstrukturisasi.
             (d)     Aset lain-lain yaitu piutang kepada                                          (d)       Other assets are receivables from
                     Pemerintah (termasuk Bank Indonesia)                                                   Government (including Bank Indonesia)
                     atau Pemerintah Daerah seperti piutang                                                 or local government such as income
                     pendapatan yang masih akan diterima.                                                   receivables.

             Tingkat standar                                                                      Standard grade

             (a)     Giro dan penempatan pada bank lain                                           (a)       Current accounts and placements with
                     yaitu giro atau penempatan pada bank                                                   other banks are current accounts or
                     yang tidak terdaftar di bursa.                                                         placements with non-listed banks.
             (b)     Investasi pada surat berharga yaitu                                          (b)       Investments in marketable securities are
                     surat berharga yang termasuk dalam                                                     non-investment grade securities with a
                     non-investment grade dengan rating                                                     minimum rating of idBB (Pefindo), BBB-
                     minimal idBB (Pefindo), BBB-(S&P),                                                     (S&P), Baa3 (Moody’s) or BBB-(Fitch).
                     Baa3 (Moody’s) atau BBB-(Fitch).
             (c)     Pembiayaan, piutang, dan pinjaman                                            (c)       Financing, receivables and funds are
                     yaitu    pembiayaan,       piutang,    dan                                             financing, receivables and funds to
                     pinjaman kepada debitur dengan                                                         debtors with a good payment history and
                     riwayat pembayaran yang baik dan                                                       debtors whose accounts have been
                     debitur    dengan      riwayat      pernah                                             restructured.
                     direstrukturisasi.
             (d)     Aset lain-lain yaitu aset keuangan                                           (d)       Other assets are financial assets other
                     lainnya selain piutang pendapatan yang                                                 than     income      receivables       from
                     masih      akan      diterima      kepada                                              Government or Local Government such
                     Pemerintah atau Pemerintah Daerah                                                      as other receivables to third parties.
                     seperti tagihan rupa-rupa kepada pihak
                     ketiga lainnya.

             Berdasarkan PSAK 107, aset keuangan yang                                             According to SFAS 107, past due financial
             telah jatuh tempo ditentukan ketika debitur                                          assets are determined when the debtor fails to
             gagal melakukan pembayaran sesuai jadwal.                                            make payments on schedule. The table below
             Tabel di bawah menunjukkan aging analysis                                            shows aging analysis of past due but not
             terhadap aset keuangan yang diberikan yang                                           impaired of financial assets:
             telah jatuh tempo tetapi tidak mengalami
             penurunan nilai:
                                                       31 Desember 2025/31 December 2025
                                          ≤ 30 hari/        31 - 60 hari/     61 - 90 hari/       Jumlah/
                                            days                days              days             Total
            Kredit yang diberikan dan                                                                                                      Loans and sharia
             piutang/pembiayaan syariah                                                                                             receivables/financing
             Piutang murabahah              1.078.254            625.732           600.620         2.304.606                      Murabahah receivables
             Pinjaman qardh                    38.782             10.141             1.435            50.358                              Funds of qardh
             Pembiayaan musyarakah          2.783.752            223.474            64.913         3.072.139                       Musyarakah financing
                                            3.900.788            859.347           666.968         5.427.103




                                                                        435
Page 1450
                                                                                                               The original consolidated financial statements
                                                                                                             included herein are in the Indonesian language.

          PT BANK MANDIRI (PERSERO) Tbk                                                               PT BANK MANDIRI (PERSERO) Tbk
              DAN ENTITAS ANAKNYA                                                                           AND ITS SUBSIDIARIES
        CATATAN ATAS LAPORAN KEUANGAN                                                                  NOTES TO THE CONSOLIDATED
                   KONSOLIDASIAN                                                                           FINANCIAL STATEMENTS
         Tanggal 31 Desember 2025 dan untuk                                                             As of 31 December 2025 and for
        Tahun Berakhir pada Tanggal Tersebut                                                               for the Year Then Ended
           (Disajikan dalam jutaan Rupiah,                                                             (Expressed in millions of Rupiah,
               kecuali dinyatakan lain)                                                                    unless otherwise stated)

62. MANAJEMEN RISIKO (lanjutan)                                                 62. RISK MANAGEMENT (continued)

   A.    Risiko kredit (lanjutan)                                                      A.       Credit risk (continued)

         (ii) Kualitas aset keuangan (lanjutan)                                                 (ii) Financial assets quality (continued)

                Berdasarkan PSAK 107, aset keuangan yang                                              According to SFAS 107, past due financial
                telah jatuh tempo ditentukan ketika debitur                                           assets are determined when the debtor fails to
                gagal melakukan pembayaran sesuai jadwal.                                             make payments on schedule. The table below
                Tabel di bawah menunjukkan aging analysis                                             shows aging analysis of past due but not
                terhadap aset keuangan yang diberikan yang                                            impaired of financial assets: (continued)
                telah jatuh tempo tetapi tidak mengalami
                penurunan nilai: (lanjutan)

                                                           31 Desember 2024/31 December 2024

                                             ≤ 30 hari/       31 - 60 hari/     61 - 90 hari/         Jumlah/
                                               days               days              days               Total
               Kredit yang diberikan dan                                                                                                        Loans and sharia
                piutang/pembiayaan syariah                                                                                               receivables/financing
                Piutang murabahah              1.051.945           576.261           528.102            2.156.308                      Murabahah receivables
                Pinjaman qardh                    28.917            11.945             2.295               43.157                              Funds of qardh
                Pembiayaan musyarakah          2.678.490            76.347            37.128            2.791.965                       Musyarakah financing
                                               3.759.352           664.553           567.525            4.991.430



   B.    Risiko pasar dan risiko likuiditas                                            B.       Market risk and liquidity risk

         (i)    Manajemen risiko likuiditas                                                     (i)    Liquidity risk management

                Risiko likuiditas adalah risiko akibat                                                 Liquidity risk represents the risk of Bank’s
                ketidakmampuan Bank untuk memenuhi                                                     inability to fulfill all financial liabilities when they
                kewajiban yang jatuh tempo dari sumber                                                 become due from its financing cash flows and/or
                pendanaan arus kas dan/atau dari aset likuid                                           high quality liquid assets that can be pledged,
                berkualitas tinggi yang dapat diagunkan, tanpa                                         without negatively impacting the Bank’s
                mengganggu aktivitas dan kondisi keuangan                                              activities and financial condition.
                Bank.

                Untuk mengukur besarnya risiko likuiditas,                                             The Bank’s liquidity risk is measured through
                Bank menggunakan beberapa indikator,                                                   several indicators, which are minimum
                antara lain adalah rasio Giro Wajib Minimum                                            statutory reserve ratio (“GWM”) in Bank
                (“GWM”) pada Bank Indonesia dan kas,                                                   Indonesia and cash, Macroprudential Liquidity
                Penyangga      Likuiditas    Makroprudensial                                           Reserve      (“PLM”),      liquidity reserve,
                (“PLM”),     cadangan     likuiditas,   Rasio                                          Macroprudential Intermediation Ratio (“RIM”),
                Intermediasi     Makroprudensial      (“RIM”),                                         Liquidity Coverage Ratio (“LCR”), Net Stable
                Liquidity Coverage Ratio (“LCR”), Net Stable                                           Funding Ratio (“NSFR”), and dependency on
                Funding Ratio (“NSFR”), dan ketergantungan                                             large customer deposits.
                terhadap pendanaan nasabah besar.

                GWM adalah simpanan minimum yang wajib                                                 GWM is a minimum deposits required to be
                dipelihara oleh Bank dalam bentuk saldo                                                maintained by the Bank in the form of current
                rekening giro pada Bank Indonesia atau surat                                           accounts with Bank Indonesia or marketable
                berharga yang besarnya ditetapkan oleh                                                 securities in which the amount is determined by
                Bank Indonesia sebesar persentase tertentu                                             Bank Indonesia based on certain percentage
                dari dana pihak ketiga (DPK). PLM                                                      from total deposits from customers. PLM is an
                merupakan persentase kepemilikan surat                                                 ownership percentage in Rupiah marketable
                berharga Rupiah yang dapat digunakan                                                   securities which can be used in open market
                dalam operasi pasar terbuka, antara lain SBI,                                          operations i.e., SBI, SDBI, SBN, SRBI, and BI-
                SDBI, SBN, SRBI, dan BI-FRN.                                                           FRN.




                                                                          436
Page 1451
                                                                                         The original consolidated financial statements
                                                                                       included herein are in the Indonesian language.

          PT BANK MANDIRI (PERSERO) Tbk                                          PT BANK MANDIRI (PERSERO) Tbk
              DAN ENTITAS ANAKNYA                                                      AND ITS SUBSIDIARIES
        CATATAN ATAS LAPORAN KEUANGAN                                             NOTES TO THE CONSOLIDATED
                   KONSOLIDASIAN                                                      FINANCIAL STATEMENTS
         Tanggal 31 Desember 2025 dan untuk                                        As of 31 December 2025 and for
        Tahun Berakhir pada Tanggal Tersebut                                          for the Year Then Ended
           (Disajikan dalam jutaan Rupiah,                                        (Expressed in millions of Rupiah,
               kecuali dinyatakan lain)                                               unless otherwise stated)

62. MANAJEMEN RISIKO (lanjutan)                                    62. RISK MANAGEMENT (continued)

   B.    Risiko pasar dan risiko likuiditas (lanjutan)                B.   Market risk and liquidity risk (continued)

         (i)   Manajemen risiko likuiditas (lanjutan)                      (i)    Liquidity risk management (continued)

               Cadangan likuiditas adalah alat likuid Bank di                     Liquidity reserve is the Bank’s liquidity on top of
               atas GWM dengan fungsi untuk pemenuhan                             GWM to anticipate unscheduled liquidity needs.
               kebutuhan likuiditas yang tidak terjadwal.                         In managing the liquidity reserve, Bank has
               Dalam mengelola cadangan likuiditas, Bank                          liquidity reserve limit in the form of safety level
               memiliki batasan dalam bentuk limit safety                         limit, which represents the Bank’s liquidity
               level, yaitu proyeksi cadangan likuiditas Bank                     reserve projection for one following month. As of
               untuk 1 bulan ke depan. Pada tanggal                               31 December 2025, the liquidity reserve balance
               31 Desember 2025, cadangan likuiditas                              is above the safety level.
               berada di atas safety level.

               RIM adalah rasio hasil perbandingan antara                         RIM is a ratio of loans and qualified marketable
               kredit yang diberikan dan surat berharga                           securities owned by the Bank to the customer
               korporasi yang memenuhi persyaratan                                deposits. qualified debt securities issued by the
               tertentu yang dimiliki bank terhadap dana                          Bank and qualified borrowing received by the
               pihak ketiga, surat-surat berharga yang                            Bank. As of 31 December 2025. The Banks’s
               memenuhi      persyaratan   tertentu   yang
                                                                                  RIM is 84.52%.
               diterbitkan oleh Bank dan pinjaman yang
               memenuhi persyaratan tertentu yang diterima
               oleh Bank. Pada tanggal 31 Desember 2025.
               RIM Bank Mandiri saja sebesar 84,52%.

               LCR merupakan rasio antara High Quality                            LCR is a ratio between High Quality Liquid
               Liquid Assets (HQLA) dengan estimasi total                         Assets (HQLA) with the estimation of total net
               arus kas keluar bersih (net cash outflow)                          cash outflow for the next 30 (thirty) days under
               selama 30 (tiga puluh) hari ke depan dalam                         a crisis scenario. LCR is used to improve the
               skenario krisis. LCR bertujuan untuk                               short-term liquidity of the Bank under a crisis
               meningkatkan ketahanan likuiditas jangka
                                                                                  conditions. As of 31 December 2025. The
               pendek Bank dalam kondisi krisis. Pada
               tanggal 31 Desember 2025. LCR Bank                                 Bank’s LCR is 137.40%.
               Mandiri saja sebesar 137,40%.

               NSFR merupakan rasio perbandingan antara                           NSFR is a ratio comparing the available stable
               pendanaan stabil yang tersedia (available                          funding to required stable funding. As of
               stable funding) dengan pendanaan stabil yang                       31 December 2025. The Bank’s NSFR is
               diperlukan (required stable funding). Pada                         109.95%.
               tanggal 31 Desember 2025. NSFR Bank
               Mandiri saja sebesar 109,95%.

               Kondisi likuiditas Bank di masa mendatang                          The Bank uses liquidity gap methodology to
               diproyeksikan melalui metodologi liquidity gap,                    project its liquidity conditions for the future.
               yang merupakan maturity mismatch antara                            Liquidity gap is basically a maturity mismatch
               komponen-komponen aset dan liabilitas                              between components of assets and liabilities
               (termasuk off-balance sheet), yang disusun ke                      (including off-balance sheet), which are
               dalam      periode    waktu    (time   bucket)                     classified into time bucket based on their
               berdasarkan contractual maturity ataupun                           contractual maturity or behavioral maturity. As
               behavioral      maturity.    Pada      tanggal                     of 31 December 2025, the Bank's liquidity
               31 Desember 2025, proyeksi likuiditas Bank                         forecast up to next 12 months is at a surplus
               sampai dengan 12 bulan ke depan berada                             position. Even in the surplus position for the
               dalam posisi surplus. Meskipun proyeksi                            next 12 months, the Bank always prepares for
               likuiditas 12 bulan ke depan surplus, Bank                         alternative funding to anticipate tight liquidity in
               selalu mempersiapkan alternatif funding                            the market or the liquidity is not as expected.
               apabila kondisi likuiditas pasar menjadi ketat
               atau tidak sesuai dengan prediksi Bank.




                                                             437
Page 1452
                                                                                            The original consolidated financial statements
                                                                                          included herein are in the Indonesian language.

          PT BANK MANDIRI (PERSERO) Tbk                                             PT BANK MANDIRI (PERSERO) Tbk
              DAN ENTITAS ANAKNYA                                                         AND ITS SUBSIDIARIES
        CATATAN ATAS LAPORAN KEUANGAN                                                NOTES TO THE CONSOLIDATED
                   KONSOLIDASIAN                                                         FINANCIAL STATEMENTS
         Tanggal 31 Desember 2025 dan untuk                                           As of 31 December 2025 and for
        Tahun Berakhir pada Tanggal Tersebut                                             for the Year Then Ended
           (Disajikan dalam jutaan Rupiah,                                           (Expressed in millions of Rupiah,
               kecuali dinyatakan lain)                                                  unless otherwise stated)

62. MANAJEMEN RISIKO (lanjutan)                                       62. RISK MANAGEMENT (continued)

   B.    Risiko pasar dan risiko likuiditas (lanjutan)                   B.   Market risk and liquidity risk (continued)

         (i)   Manajemen risiko likuiditas (lanjutan)                         (i)    Liquidity risk management (continued)

               Untuk mengetahui dampak perubahan faktor                              To determine the impact of changes in market
               pasar maupun faktor internal pada kondisi                             factors and internal factors under extreme
               ekstrim (krisis) terhadap kondisi likuiditas,                         conditions (crisis) to the liquidity, the Bank
               Bank melakukan stress testing risiko likuiditas                       conducts stress testing of liquidity risk on a
               secara berkala. Hasil stress testing yang                             regular basis. The results of stress testing
               dilakukan        telah dipaparkan      kepada                         performed was presented to the Management.
               Manajemen. Hasil stress testing menunjukkan                           The stress testing result showed that the Bank
               bahwa Bank dapat bertahan pada kondisi                                will be able to survive under liquidity crisis
               krisis likuiditas.                                                    conditions.

               Meskipun hasil stress testing menunjukkan                             Although the stress testing result showed
               bahwa risiko likuiditas dapat dikelola dengan                         liquidity risk is well managed, Bank has
               baik, Bank memiliki Liquidity Contingency Plan                        Liquidity Contingency Plan (LCP) in crisis
               (LCP) yang meliputi strategi pendanaan dan                            condition which covers funding strategy and
               strategi pricing dalam kondisi krisis, antara lain                    pricing strategy including money market
               pinjaman pasar uang, repo, pinjaman bilateral,                        borrowing, repo, bilateral borrowing, FX swap
               FX swap dan wholesale funding. Dalam LCP,                             and wholesale funding. In LCP, determination
               penetapan kondisi likuiditas dan strategi-                            of liquidity situations and funding strategies
               strategi pendanaan telah mempertimbangkan                             have considered internal and external
               kondisi internal dan eksternal.                                       conditions.

               Dalam rangka mengantisipasi timbulnya risiko                          To anticipate liquidity risks due to volatility of
               likuiditas akibat adanya perubahan faktor                             global economic condition, Bank Mandiri
               ekonomi global, Bank Mandiri memonitor                                monitors external indicators, including indONIA,
               indikator - indikator eksternal di antaranya:                         BI Rate, 10-years SUN Yield, Rupiah Banking
               indONIA, suku bunga kebijakan Bank                                    Liquidity Outstanding, Composite Stock Price
               Indonesia (BI Rate), yield SUN 10 tahun,                              Index (IHSG), Rate Interbank Call Money,
               outstanding likuiditas perbankan Rupiah,                              10-years UST Yield, USD/IDR Exchange Rate,
               Indeks Harga Saham Gabungan (IHSG), rate                              Indonesia’s 5-years Credit Default Swap (CDS)
               interbank call money, yield UST 10 tahun, nilai                       and the current market informations.
               tukar USD/IDR, Credit Default Swap (CDS) 5
               tahun Indonesia, serta informasi pasar terkini.

               Pelaporan jatuh tempo pada tanggal                                    The maturity profile as of 31 December 2025
               31 Desember 2025 dan 2024, didasarkan                                 and 2024 are based on the remaining period
               pada jangka waktu yang tersisa sejak tanggal-                         from these dates. Historically, there were a large
               tanggal tersebut. Secara historis, terdapat                           portion of deposits to be renewed upon maturity.
               bagian dari simpanan dalam jumlah yang                                In addition, if there is a need for liquidity,
               cukup besar yang diperpanjang pada saat                               Government bonds (at fair value through profit
               jatuh tempo. Selain itu, jika terdapat keperluan                      or loss and fair value through other
               likuiditas, obligasi pemerintah (portofolio diukur                    comprehensive income) can be exercised by
               pada nilai wajar melalui laba rugi dan tersedia                       utilising as collateral in interbank market.
               untuk dijual diukur pada nilai wajar melalui
               penghasilan       komprehensif     lain)    dapat
               dicairkan dengan menggunakannya sebagai
               jaminan dalam pasar antar bank.




                                                                438
Page 1453
                                                                                                                                     The original consolidated financial statements
                                                                                                                                   included herein are in the Indonesian language.

           PT BANK MANDIRI (PERSERO) Tbk                                                                                 PT BANK MANDIRI (PERSERO) Tbk
               DAN ENTITAS ANAKNYA                                                                                             AND ITS SUBSIDIARIES
         CATATAN ATAS LAPORAN KEUANGAN                                                                                    NOTES TO THE CONSOLIDATED
                    KONSOLIDASIAN                                                                                             FINANCIAL STATEMENTS
          Tanggal 31 Desember 2025 dan untuk                                                                               As of 31 December 2025 and for
         Tahun Berakhir pada Tanggal Tersebut                                                                                 for the Year Then Ended
            (Disajikan dalam jutaan Rupiah,                                                                               (Expressed in millions of Rupiah,
                kecuali dinyatakan lain)                                                                                      unless otherwise stated)

62. MANAJEMEN RISIKO (lanjutan)                                                                       62. RISK MANAGEMENT (continued)

   B.      Risiko pasar dan risiko likuiditas (lanjutan)                                                     B.    Market risk and liquidity risk (continued)

   (i)     Manajemen risiko likuiditas (lanjutan)                                                            (i)   Liquidity risk management (continued)

          Pelaporan jatuh tempo aset dan liabilitas                                                                The maturity profile of financial assets and liabilities
          keuangan dengan metode arus kas discounted                                                               presented using discounted cash flows method are
          adalah sebagai berikut:                                                                                  as follows:
                                                                                   31 Desember 2025/31 December 2025
                                                             Tidak
                                                          mempunyai
                                                            kontrak                    > 1 bulan           > 3 bulan   > 6 bulan     > 1 tahun
                                                         jatuh tempo/                - ≤ 3 bulan/         ≤ 6 bulan/ - ≤ 12 bulan/ - ≤ 3 tahun/
                                                          No maturity    ≤ 1 bulan/   > 1 month           > 3 months > 6 months       > 1 year        > 3 tahun/
                   Keterangan                 Total        contract      ≤ 1 month - ≤ 3 months           ≤ 6 months ≤ 12 months - ≤ 3 years          > 3 years                Description

         Aset                                                                                                                                                                                   Assets
         Giro pada                                                                                                                                                               Current accounts with
           Bank Indonesia                  238.289.478               -   238.289.478                  -             -              -              -                -                    Bank Indonesia
         Giro pada                                                                                                                                                               Current accounts with
           bank lain - bruto                60.952.583               -    60.952.583                  -             -              -              -                -              other banks - gross
         Penempatan pada                                                                                                                                                                Placement with
           Bank Indonesia                                                                                                                                                             Bank Indonesia
           dan bank lain - bruto            50.471.834              -     47.136.177         783.757            1.250      1.085.872     1.448.627         16.151            and other banks - gross
         Efek-efek - bruto                 124.768.694     10.591.337     16.075.159      12.173.571       31.235.184     28.307.743    15.700.759     10.684.941         Marketable securities - gross
         Obligasi Pemerintah               292.817.548              -      1.733.900      14.504.692       11.439.951     20.078.695    50.338.484    194.721.826                   Government bonds
         Tagihan lainnya - transaksi                                                                                                                                          Other receivables - trade
           perdagangan - bruto              32.072.111               -     6.052.769      12.509.515       11.576.988       496.417               -     1.436.422                transactions - gross
         Tagihan atas efek-efek                                                                                                                                                   Securities purchased
           yang dibeli dengan janji                                                                                                                                                      under resale
           dijual kembali - bruto            3.903.777               -     3.768.270             61.544        73.963             -              -              -                agreements - gross
         Tagihan derivatif - bruto           7.277.675               -       307.711            224.139       233.649       142.154      2.956.038      3.413.984        Derivative receivables - gross
         Kredit yang diberikan dan                                                                                                                                                    Loans and sharia
           piutang/pembiayaan                                                                                                                                                 receivables/financing -
           syariah – bruto               1.849.967.956               -    58.945.663      65.382.096       95.854.018    108.640.956   281.298.930 1.239.846.293                                gross
         Piutang pembiayaan                                                                                                                                                        Consumer financing
           konsumen – bruto                 40.863.200               -     1.570.542       3.089.043        4.347.230      7.983.759    18.834.385      5.038.241                 receivables - gross
         Investasi bersih dalam sewa                                                                                                                                           Net Investment finance
           pembiayaan - bruto                4.153.740               -       230.241         436.348          607.305      1.006.233     1.686.919        186.694                      leases - gross
         Tagihan akseptasi - bruto           8.088.278               -     2.292.677       2.574.776        2.390.249        451.400       159.543        219.633       Acceptance receivables - gross
         Aset lain-lain - bruto*)           23.694.154               -    14.175.358         811.864          551.536        805.509     2.703.683      4.646.204                  Other asset - gross*)

                                         2.737.321.028     10.591.337    451.530.528    112.551.345       158.311.323    168.998.738   375.127.368 1.460.210.389
         Cadangan kerugian                                                                                                                                                   Allowance for impairment
          penurunan nilai                   50.755.400                                                                                                                                       losses

         Jumlah                          2.686.565.628                                                                                                                                             Total

         Liabilitas                                                                                                                                                                          Liabilities
         Simpanan dari nasabah                                                                                                                                                Deposits from customers
           Giro dan                                                                                                                                                            Demand deposits and
             giro wadiah                   666.109.590               -   666.109.590                  -             -              -              -                -       wadiah demand deposits
           Tabungan dan tabungan                                                                                                                                         Saving deposits and wadiah
             wadiah                        621.914.970               -   621.914.970              -                 -              -             -                 -                saving deposits
           Deposito berjangka              528.872.648               -   262.810.972    229.974.627        23.757.084     11.667.888       662.077                 -                   Time deposits
         Simpanan dari bank lain                                                                                                                                            Deposits from other banks
           Giro, giro wadiah                                                                                                                                                       Demand deposits,
             dan                                                                                                                                                          wadiah demand deposits
             tabungan                        6.022.469               -     6.022.469               -                -             -              -                 -           and saving deposits
           Interbank call money              8.013.882               -     3.567.462       2.730.143        1.716.277             -              -                 -            Interbank call money
           Deposito berjangka                6.719.192               -     3.112.992       2.343.800          686.900        75.250        500.250                 -                   Time deposits
         Liabilitas atas efek-efek                                                                                                                                                       Securities sold
           yang dijual dengan                                                                                                                                                      under agreements
           janji dibeli kembali             39.955.889               -     4.534.866       7.681.072        2.532.068      6.767.959    14.891.359      3.548.565                      to repurchase
         Liabilitas derivatif                6.841.621               -       317.745         135.811          350.176         74.201     2.626.799      3.336.889                   Derivative liabilities
         Liabilitas akseptasi                7.919.333               -     2.273.964       2.516.119        2.298.674        451.400       159.543        219.633                 Acceptance liabilities
         Efek-efek yang diterbitkan         62.205.231               -     5.398.174               -       12.403.215      7.887.915    29.397.162      7.118.765                Debt securities issued
         Beban yang masih
           harus dibayar                     6.168.983               -     6.168.983               -                -              -             -              -                  Accrued expenses
         Liabilitas lain-lain**)            15.094.279               -     9.917.099       1.147.635                -        207.915     3.525.260        296.370                     Other liabilities**)
         Pinjaman yang diterima            154.672.422               -    17.606.517      17.910.812       33.636.905     13.611.421    64.407.888      7.498.879                    Fund borrowings
         Pinjaman dan efek-efek                                                                                                                                                Subordinated loans and
           subordinasi                         389.779               -              -                 -        45.023        45.090               -       299.666              marketable securities

                                         2.130.900.288               - 1.609.755.803    264.440.019        77.426.322     40.789.039   116.170.338     22.318.767

         Perbedaan jatuh tempo             606.420.740     10.591.337 (1.158.225.275) (151.888.674)        80.885.001    128.209.699   258.957.030 1.437.891.622                           Maturity gap

         Posisi neto setelah cadangan                                                                                                                                  Net positions, net of allowance
            kerugian penurunan nilai       555.665.340                                                                                                                        for impairment losses



          *)                                                                                                       *)
                Aset lain-lain terdiri dari pendapatan yang masih akan diterima, tagihan                                 Other assets consists of accrued income, receivables from government
                atas obligasi pemerintah yang diagunkan, piutang transaksi nasabah,                                      bonds pledged as collateral, receivables from customer transactions,
                penjualan efek-efek yang masih akan diterima, tagihan terkait dengan                                     receivables from sales of marketable securities, receivables related to
                transaksi ATM dan kartu kredit, dan tagihan kepada pemegang polis.                                       ATM and credit card transaction and receivables from policyholders.
          **)
                Liabilitas lain-lain terdiri dari utang transaksi nasabah, liabilitas terkait                      **)
                                                                                                                         Other liabilities consists of customers transfer transaction, liabilities
                dengan transaksi ATM dan kartu kredit, setoran jaminan, pembelian efek-                                  related to ATM and credit card transactions, guarantee deposits, lease
                efek yang masih harus dibayar, liabilitas terkait dengan transaksi transfer                              liabilities, liabilities related to customer transfer transactions and claim
                nasabah, liabilitas sewa dan utang klaim.                                                                payables.


                                                                                            439
Page 1454
                                                                                                                                            The original consolidated financial statements
                                                                                                                                          included herein are in the Indonesian language.

           PT BANK MANDIRI (PERSERO) Tbk                                                                                        PT BANK MANDIRI (PERSERO) Tbk
               DAN ENTITAS ANAKNYA                                                                                                    AND ITS SUBSIDIARIES
         CATATAN ATAS LAPORAN KEUANGAN                                                                                           NOTES TO THE CONSOLIDATED
                    KONSOLIDASIAN                                                                                                    FINANCIAL STATEMENTS
          Tanggal 31 Desember 2025 dan untuk                                                                                      As of 31 December 2025 and for
         Tahun Berakhir pada Tanggal Tersebut                                                                                        for the Year Then Ended
            (Disajikan dalam jutaan Rupiah,                                                                                      (Expressed in millions of Rupiah,
                kecuali dinyatakan lain)                                                                                             unless otherwise stated)

62. MANAJEMEN RISIKO (lanjutan)                                                                       62. RISK MANAGEMENT (continued)

   B.      Risiko pasar dan risiko likuiditas (lanjutan)                                                         B.    Market risk and liquidity risk (continued)

   (i)     Manajemen risiko likuiditas (lanjutan)                                                                (i)   Liquidity risk management (continued)

          Pelaporan jatuh tempo aset dan liabilitas                                                                    The maturity profile of financial assets and liabilities
          keuangan dengan metode arus kas discounted                                                                   presented using discounted cash flows method are
          adalah sebagai berikut: (lanjutan)                                                                           as follows: (continued)
                                                                                   31 Desember 2024/31 December 2024
                                                              Tidak
                                                           mempunyai
                                                             kontrak                    > 1 bulan              > 3 bulan   > 6 bulan     > 1 tahun
                                                          jatuh tempo/                - ≤ 3 bulan/            ≤ 6 bulan/ - ≤ 12 bulan/ - ≤ 3 tahun/
                                                           No maturity    ≤ 1 bulan/   > 1 month              > 3 months > 6 months       > 1 year               > 3 tahun/
                   Keterangan                 Total         contract      ≤ 1 month - ≤ 3 months              ≤ 6 months ≤ 12 months - ≤ 3 years                 > 3 years                Description

         Aset                                                                                                                                                                                                Assets
         Giro pada                                                                                                                                                                          Current accounts with
           Bank Indonesia                  105.146.044               -    105.146.044                     -                 -              -              -                   -                     Bank Indonesia
         Giro pada                                                                                                                                                                          Current accounts with
           bank lain - bruto                46.668.439               -     46.668.439                     -                 -              -              -                   -              other banks - gross
         Penempatan pada                                                                                                                                                                            Placement with
           Bank Indonesia                                                                                                                                                                        Bank Indonesia
           dan bank lain - bruto            63.230.054              -      59.897.069        791.323              170.963            14.663      1.947.702           408.334            and other banks - gross
         Efek-efek - bruto                  95.529.548     13.407.281      16.202.127     11.657.726           12.046.470        16.366.408     15.035.589        10.813.947         Marketable securities - gross
         Obligasi Pemerintah               287.272.659              -       1.192.305        177.536            9.874.148        19.554.725     58.923.440       197.550.505                   Government bonds
         Tagihan lainnya - transaksi                                                                                                                                                     Other receivables - trade
           perdagangan - bruto              29.974.117               -      6.224.035     10.952.067           10.687.347          720.460         82.687          1.307.521                transactions - gross
         Tagihan atas efek-efek                                                                                                                                                              Securities purchased
           yang dibeli dengan janji                                                                                                                                                           under agreements
           dijual kembali - bruto            8.290.138               -      8.159.589            86.333            44.216                -               -                 -                     to resell - gross
         Tagihan derivatif - bruto           7.761.508               -        738.867           531.533           249.969          213.035       2.023.738         4.004.366        Derivative receivables - gross
         Kredit yang diberikan dan                                                                                                                                                               Loans and sharia
           piutang/pembiayaan                                                                                                                                                            receivables/financing -
           syariah - bruto               1.623.216.612               -      8.666.977     45.622.290           51.729.617        93.688.409    218.664.320 1.204.844.999                                     gross
         Piutang pembiayaan                                                                                                                                                                   Consumer financing
           konsumen - bruto                 41.573.306               -      1.572.853      3.129.605            4.216.125         7.784.544     19.367.032         5.503.147                 receivables - gross
         Investasi bersih dalam sewa                                                                                                                                                      Net Investment finance
           pembiayaan - bruto                5.757.076              -         294.226        559.844              773.167         1.311.781      2.589.072           228.986                       leases - gross
         Tagihan akseptasi - bruto           9.313.865              -       2.021.864      4.486.214            2.525.858            30.962        248.967                 -       Acceptance receivables - gross
         Aset lain-lain - bruto*)           17.937.923        415.944      10.849.946        418.823              509.680           915.082      2.853.266         1.975.182                  Other asset - gross*)

                                         2.341.671.289     13.823.225     267.634.341     78.413.294           92.827.560       140.600.069    321.735.813 1.426.636.987
         Cadangan kerugian                                                                                                                                                              Allowance for impairment
          penurunan nilai                  (51.937.342)                                                                                                                                                 losses

         Jumlah                          2.289.733.947                                                                                                                                                        Total

         Liabilitas                                                                                                                                                                                     Liabilities
         Simpanan dari nasabah                                                                                                                                                           Deposits from customers
           Giro dan                                                                                                                                                                       Demand deposits and
             giro wadiah                   568.576.009               -    568.576.009                     -                 -              -              -                   -       wadiah demand deposits
           Tabungan dan tabungan                                                                                                                                                    Saving deposits and wadiah
             wadiah                        580.191.796               -    580.191.796              -                     -                 -             -                    -                saving deposits
           Deposito berjangka              297.467.152               -    170.652.188   105.011.637            17.733.699         3.462.951       606.677                     -                   Time deposits
         Simpanan dari bank lain                                                                                                                                                       Deposits from other banks
           Giro, giro wadiah                                                                                                                                                                  Demand deposits,
             dan                                                                                                                                                                     wadiah demand deposits
             tabungan                        9.090.038               -      9.090.038              -                    -                -              -                     -           and saving deposits
           Interbank call money              9.961.554               -      5.910.063      3.097.868              953.623                -              -                     -            Interbank call money
           Deposito berjangka                7.991.117               -      4.974.980        846.350            1.545.427           12.750        611.610                     -                   Time deposits
         Liabilitas atas efek-efek                                                                                                                                                                  Securities sold
           yang dijual dengan                                                                                                                                                                 under agreements
           janji dibeli kembali             90.256.225               -     58.120.983              -              100.213         1.901.365     23.845.349         6.288.315                      to repurchase
         Liabilitas derivatif                7.336.998               -        782.342        584.340              218.497            56.678      1.972.353         3.722.788                   Derivative liabilities
         Liabilitas akseptasi                9.136.013               -      1.999.943      4.441.668            2.414.473            30.962        248.967                 -                 Acceptance liabilities
         Efek-efek yang diterbitkan         41.141.067               -      3.343.089        851.315            2.950.000         8.778.449     19.377.140         5.841.074                Debt securities issued
         Beban yang masih
           harus dibayar                     5.466.461                -     4.480.819              -                    -           985.642                  -             -                  Accrued expenses
         Liabilitas lain-lain**)            10.853.170        198.737       7.669.606      1.368.247                    -           204.450      1.412.130                 -                     Other liabilities**)
         Pinjaman yang diterima            147.915.981              -      24.344.976      8.223.779           17.389.140        44.543.861     30.202.160        23.212.065                    Fund borrowings
         Pinjaman dan efek-efek                                                                                                                                                           Subordinated loans and
           subordinasi                         403.562               -        20.797                  -                 -           20.797         62.421           299.547               marketable securities

                                         1.785.787.143        198.737 1.440.157.629     124.425.204            43.305.072        59.997.905     78.338.807        39.363.789


         Perbedaan jatuh tempo             555.884.146     13.624.488 (1.172.523.288)    (46.011.910)          49.522.488        80.602.164    243.397.006 1.387.273.198                              Maturity gap

         Posisi neto setelah cadangan                                                                                                                                             Net positions, net of allowance
            kerugian penurunan nilai       503.946.804                                                                                                                                   for impairment losses


          *)                                                                                                           *)
                Aset lain-lain terdiri dari pendapatan yang masih akan diterima, tagihan                                        Other assets consists of accrued income, receivables from government
                atas obligasi pemerintah yang diagunkan, piutang transaksi nasabah,                                             bonds pledged as collateral, receivables from customer transactions,
                penjualan efek-efek yang masih akan diterima, tagihan terkait dengan                                            receivables from sales of marketable securities, receivables related to
                transaksi ATM dan kartu kredit, tagihan terkait bancassurance, dan tagihan                                      ATM and credit card transactions, receivables from bancassurance, and
                                                                                                                                receivables from policyholders.
                kepada pemegang polis.
          **)
                Liabilitas lain-lain terdiri dari utang transaksi nasabah, liabilitas terkait                          **)
                                                                                                                                Other liabilities consists of customers transfer transaction, liabilities
                dengan transaksi ATM dan kartu kredit, setoran jaminan, pembelian efek-                                         related to ATM and credit card transactions, guarantee deposits, lease
                efek yang masih harus dibayar, liabilitas terkait dengan transaksi transfer                                     liabilities, liabilities related to customer transfer transactions and claim
                nasabah, liabilitas sewa dan utang klaim.                                                                       payables.

                                                                                            440
Page 1455
                                                                                                                              The original consolidated financial statements
                                                                                                                            included herein are in the Indonesian language.

           PT BANK MANDIRI (PERSERO) Tbk                                                                           PT BANK MANDIRI (PERSERO) Tbk
               DAN ENTITAS ANAKNYA                                                                                       AND ITS SUBSIDIARIES
         CATATAN ATAS LAPORAN KEUANGAN                                                                              NOTES TO THE CONSOLIDATED
                    KONSOLIDASIAN                                                                                       FINANCIAL STATEMENTS
          Tanggal 31 Desember 2025 dan untuk                                                                         As of 31 December 2025 and for
         Tahun Berakhir pada Tanggal Tersebut                                                                           for the Year Then Ended
            (Disajikan dalam jutaan Rupiah,                                                                         (Expressed in millions of Rupiah,
                kecuali dinyatakan lain)                                                                                unless otherwise stated)

62. MANAJEMEN RISIKO (lanjutan)                                                                  62. RISK MANAGEMENT (continued)

   B.      Risiko pasar dan risiko likuiditas (lanjutan)                                                B.    Market risk and liquidity risk (continued)

   (i)     Manajemen risiko likuiditas (lanjutan)                                                       (i)   Liquidity risk management (continued)

          Tabel jatuh tempo berikut ini menyajikan informasi                                                  The following maturity table provides information
          mengenai perkiraan jatuh tempo dari liabilitas                                                      regarding contractual maturities of financial liabilities
          keuangan sesuai kontrak berdasarkan arus kas                                                        based on undiscounted cash flows as follows:
          undiscounted adalah sebagai berikut:
                                                                                  31 Desember 2025/31 December 2025
                                                              Tidak
                                                           mempunyai
                                                             kontrak                   > 1 bulan      > 3 bulan   > 6 bulan     > 1 tahun
                                                          jatuh tempo/               - ≤ 3 bulan/    ≤ 6 bulan/ - ≤ 12 bulan/ - ≤ 3 tahun/
                                                           No maturity   ≤ 1 bulan/   > 1 month      > 3 months > 6 months       > 1 year     > 3 tahun/
                 Keterangan                  Total          contract     ≤ 1 month - ≤ 3 months      ≤ 6 months ≤ 12 months - ≤ 3 years       > 3 years                Description


         Liabilitas                                                                                                                                                                 Liabilities
         Simpanan dari nasabah                                                                                                                                       Deposit from customers
           Giro dan                                                                                                                                            Demand deposits and wadiah
             giro wadiah                   667.056.903               -   667.056.903             -             -            -             -                -             demand deposits
           Tabungan dan                                                                                                                                         Saving deposits and wadiah
             tabungan wadiah               622.069.951               -   621.553.139         9.160        23.840        3.064      297.811        182.937                  saving deposits
           Deposito berjangka              532.203.788               -   259.046.729   231.548.968    24.661.823   16.282.686      663.582              -                     Time deposits
         Simpanan dari bank lain                                                                                                                                   Deposits from other banks
           Giro, giro wadiah                                                                                                                                              Demand deposits,
             dan                                                                                                                                                 wadiah demand deposits
             tabungan                        6.025.647               -     6.025.647             -             -            -            -                 -          and saving deposits
           Interbank call money              8.072.518               -     3.602.864     2.747.325     1.722.329            -            -                 -           Interbank call money
           Deposito berjangka                6.851.479               -     3.334.900     2.195.443       717.263       77.952      525.921                 -                  Time deposits
         Liabilitas atas efek-efek                                                                                                                                              Securities sold
           yang dijual dengan                                                                                                                                             under agreements
           janji dibeli kembali             42.515.045               -     5.821.880     8.173.575     2.942.823    7.107.386    15.627.435     2.841.946                      to repurchase
         Liabilitas derivatif                6.450.520               -       559.051       175.965       352.446      111.032     2.279.555     2.972.471                  Derivative payables
         Liabilitas akseptasi                7.919.333               -     2.273.964     2.516.119     2.298.674      451.400       159.543       219.633               Acceptance payables
         Efek-efek yang diterbitkan         66.841.929               -     5.526.896       402.535    12.785.371    9.197.659    31.342.472     7.586.996               Debt securities issued
         Beban yang masih harus dibayar      6.168.983               -     6.168.983             -             -            -             -             -                   Accrued expenses
         Liabilitas lain-lain               15.094.279               -     9.917.099     1.147.635             -      207.915     3.525.260       296.370                       Other liabilities
         Pinjaman yang diterima            164.163.848               -    17.941.124    18.479.714    35.707.712   15.191.408    68.756.418     8.087.472                    Fund borrowings
         Pinjaman dan efek-efek                                                                                                                                       Subordinated loans and
           subordinasi                         412.629               -          690          1.380        47.092       49.229       13.671        300.567             marketable securities

         Total                            2.151.846.852              - 1.608.829.869   267.397.819    81.259.373   48.679.731   123.191.668    22.488.392                                  Total



                                                                                  31 Desember 2024/31 December 2024
                                                              Tidak
                                                           mempunyai
                                                             kontrak                   > 1 bulan      > 3 bulan   > 6 bulan     > 1 tahun
                                                          jatuh tempo/               - ≤ 3 bulan/    ≤ 6 bulan/ - ≤ 12 bulan/ - ≤ 3 tahun/
                                                           No maturity   ≤ 1 bulan/   > 1 month      > 3 months > 6 months       > 1 year     > 3 tahun/
                 Keterangan                  Total          contract     ≤ 1 month - ≤ 3 months      ≤ 6 months ≤ 12 months - ≤ 3 years       > 3 years                Description


         Liabilitas                                                                                                                                                                 Liabilities
         Simpanan dari nasabah                                                                                                                                       Deposit from customers
           Giro dan                                                                                                                                            Demand deposits and wadiah
             giro wadiah                   570.039.119               -   570.039.119             -             -            -             -                -             demand deposits
           Tabungan dan                                                                                                                                         Saving deposits and wadiah
             tabungan wadiah               580.417.481               -   579.873.299        58.155        60.400      133.985      187.629        104.013                  saving deposits
           Deposito berjangka              298.980.027               -   171.463.879   104.944.671    18.209.643    3.745.716      616.118              -                     Time deposits
         Simpanan dari bank lain                                                                                                                                  Deposits from other banks
           Giro, giro wadiah                                                                                                                                              Demand deposits,
             dan                                                                                                                                                 wadiah demand deposits
             tabungan                        9.095.981               -     9.095.981             -             -            -            -                 -          and saving deposits
           Interbank call money             10.018.970               -     5.943.085     3.118.591       957.294            -            -                 -           Interbank call money
           Deposito berjangka                8.202.915               -     6.898.370       589.475        69.254        8.584      637.232                 -                  Time deposits
         Liabilitas atas efek-efek                                                                                                                                              Securities sold
           yang dijual dengan                                                                                                                                             under agreements
           janji dibeli kembali             92.939.218               -    58.171.723             -       100.213    2.069.384    25.760.123     6.837.775                      to repurchase
         Liabilitas derivatif                6.693.221               -     6.136.589       109.394        56.717       13.330       209.074       168.117                  Derivative payables
         Liabilitas akseptasi                9.136.013               -     1.999.943     4.441.668     2.414.473       30.962       248.967             -               Acceptance payables
         Efek-efek yang diterbitkan         44.040.348               -       133.702     1.018.639       303.337    8.714.857    20.573.732    13.296.081               Debt securities issued
         Beban yang masih harus dibayar      5.466.461               -     4.480.819             -             -      985.642             -             -                   Accrued expenses
         Liabilitas lain-lain               10.853.170         198.737     7.669.606     1.368.247             -      204.450     1.412.130             -                       Other liabilities
         Pinjaman yang diterima            155.074.787               -    23.536.068    21.165.046    28.596.949   17.468.924    55.101.229     9.206.571                    Fund borrowings
         Pinjaman dan efek-efek                                                                                                                                       Subordinated loans and
           subordinasi                         228.353               -        21.373         1.153        22.526       65.881      113.384          4.036             marketable securities

         Total                            1.801.186.064        198.737 1.445.463.556   136.815.039    50.790.806   33.441.715   104.859.618    29.616.593                                  Total




                                                                                          441
Page 1456
                                                                                                                           The original consolidated financial statements
                                                                                                                         included herein are in the Indonesian language.

           PT BANK MANDIRI (PERSERO) Tbk                                                                        PT BANK MANDIRI (PERSERO) Tbk
               DAN ENTITAS ANAKNYA                                                                                    AND ITS SUBSIDIARIES
         CATATAN ATAS LAPORAN KEUANGAN                                                                           NOTES TO THE CONSOLIDATED
                    KONSOLIDASIAN                                                                                    FINANCIAL STATEMENTS
          Tanggal 31 Desember 2025 dan untuk                                                                      As of 31 December 2025 and for
         Tahun Berakhir pada Tanggal Tersebut                                                                        for the Year Then Ended
            (Disajikan dalam jutaan Rupiah,                                                                      (Expressed in millions of Rupiah,
                kecuali dinyatakan lain)                                                                             unless otherwise stated)

62. MANAJEMEN RISIKO (lanjutan)                                                               62. RISK MANAGEMENT (continued)

   B.      Risiko pasar dan risiko likuiditas (lanjutan)                                             B.    Market risk and liquidity risk (continued)

   (i)     Manajemen risiko likuiditas (lanjutan)                                                    (i)   Liquidity risk management (continued)

          Tabel jatuh tempo berikut ini menyajikan informasi                                               The following maturity table provides information
          mengenai perkiraan jatuh tempo dari rekening                                                     regarding contractual maturities of administrative
          administratif sesuai kontrak berdasarkan arus kas                                                accounts based on undiscounted cash flows as
          undiscounted adalah sebagai berikut:                                                             follows:
                                                                                31 Desember 2025/31 December 2025
                                                            Tidak
                                                         mempunyai
                                                           kontrak                   > 1 bulan     > 3 bulan   > 6 bulan     > 1 tahun
                                                        jatuh tempo/               - ≤ 3 bulan/   ≤ 6 bulan/ - ≤ 12 bulan/ - ≤ 3 tahun/
                                                         No maturity   ≤ 1 bulan/   > 1 month     > 3 months > 6 months       > 1 year     > 3 tahun/
                 Keterangan                Total          contract     ≤ 1 month - ≤ 3 months     ≤ 6 months ≤ 12 months - ≤ 3 years       > 3 years            Description


         Rekening administratif                                                                                                                                 Administrative accounts
          Bank garansi yang diterbitkan 166.040.372                -   166.040.372            -             -            -             -                -     Bank guarantees issued
          Fasilitas kredit yang diberikan
            yang belum digunakan*)        144.176.496              -   144.176.496            -             -             -            -                -      Unused loan facilities*)
          Letter of credit yang tidak
            dapat dibatalkan yang                                                                                                                             Outstanding irrevocable
            masih berjalan                 23.231.782              -     5.270.703    8.815.727     3.171.248    2.290.109    3.683.975             20               letter of credit
          Standby letter of credit         18.359.791              -    18.359.791            -             -            -            -              -         Standby letter of credit

                                         351.808.441               -   333.847.362    8.815.727     3.171.248    2.290.109    3.683.975             20



                                                                                31 Desember 2024/31 December 2024
                                                            Tidak
                                                         mempunyai
                                                           kontrak                   > 1 bulan     > 3 bulan   > 6 bulan     > 1 tahun
                                                        jatuh tempo/               - ≤ 3 bulan/   ≤ 6 bulan/ - ≤ 12 bulan/ - ≤ 3 tahun/
                                                         No maturity   ≤ 1 bulan/   > 1 month     > 3 months > 6 months       > 1 year     > 3 tahun/
                 Keterangan                Total          contract     ≤ 1 month - ≤ 3 months     ≤ 6 months ≤ 12 months - ≤ 3 years       > 3 years            Description


         Rekening administratif                                                                                                                                 Administrative accounts
          Bank garansi yang diterbitkan 138.557.503                -   138.557.503            -             -            -             -                -     Bank guarantees issued
          Fasilitas kredit yang diberikan
            yang belum digunakan*)        90.791.348               -    90.791.348            -             -            -             -                -      Unused loan facilities*)
          Letter of credit yang tidak
            dapat dibatalkan yang                                                                                                                             Outstanding irrevocable
            masih berjalan                22.439.663               -     5.779.806    7.335.780     1.920.992    2.156.983    5.109.344       136.758                letter of credit
          Standby letter of credit        12.308.689               -    12.308.689            -             -            -            -             -          Standby letter of credit

                                         264.097.203               -   247.437.346    7.335.780     1.920.992    2.156.983    5.109.344       136.758


           *)                                                                                              *)
                Termasuk fasilitas kredit committed dan uncommitted kartu kredit yang                           Include unused committed and uncommitted credit card facilities
                belum digunakan.


   (ii) Manajemen risiko suku bunga portfolio banking                                                (ii) Interest rate risk management on banking book
        book                                                                                              portfolio

          Risiko pasar adalah risiko pada posisi neraca dan                                                Market risk is the risk of balance sheet position and
          rekening administratif,     termasuk     transaksi                                               administrative accounts, including derivative
          derivatif, akibat perubahan secara keseluruhan                                                   transactions, resulted from changes in market
          dari kondisi pasar, termasuk risiko perubahan                                                    conditions, including changes in option price risk.
          harga option.

          Pengelolaan risiko pasar banking book dilakukan                                                  Managing market risk on banking book is performed
          dengan mengoptimalkan struktur laporan posisi                                                    by optimising the structure of the Bank's statement of
          keuangan Bank untuk mendapatkan imbal hasil                                                      financial position to obtain maximum yield of return at
          yang maksimal sesuai tingkat risiko yang dapat                                                   acceptable risk level to the Bank. The monitoring of
          diterima Bank. Pengendalian risiko pasar banking                                                 market risk on banking book is performed by setting
          book dilakukan dengan menetapkan limit yang                                                      a limit which is refer to the regulator requirements and
          mengacu pada ketentuan Regulator dan internal                                                    the internal policies, which are monitored on a weekly
          yang dimonitor secara mingguan maupun bulanan                                                    and monthly basis by the Market Risk Management
          oleh Market Risk Management Unit.                                                                Unit.




                                                                                       442
Page 1457
                                                                                           The original consolidated financial statements
                                                                                         included herein are in the Indonesian language.

          PT BANK MANDIRI (PERSERO) Tbk                                           PT BANK MANDIRI (PERSERO) Tbk
              DAN ENTITAS ANAKNYA                                                       AND ITS SUBSIDIARIES
        CATATAN ATAS LAPORAN KEUANGAN                                              NOTES TO THE CONSOLIDATED
                   KONSOLIDASIAN                                                       FINANCIAL STATEMENTS
         Tanggal 31 Desember 2025 dan untuk                                         As of 31 December 2025 and for
        Tahun Berakhir pada Tanggal Tersebut                                           for the Year Then Ended
           (Disajikan dalam jutaan Rupiah,                                         (Expressed in millions of Rupiah,
               kecuali dinyatakan lain)                                                unless otherwise stated)

62. MANAJEMEN RISIKO (lanjutan)                                     62. RISK MANAGEMENT (continued)

   B.    Risiko pasar dan risiko likuiditas (lanjutan)                   B.   Market risk and liquidity risk (continued)

   (ii) Manajemen risiko suku bunga portfolio banking                    (ii) Interest rate risk management on banking book
        book (lanjutan)                                                       portfolio (continued)

         Sumber risiko suku bunga banking book adalah                         The sources of banking book’s interest rate risk are
         repricing risk (repricing mismatch antara                            repricing risk (repricing mismatch between asset and
         komponen aset dan liabilitas), basis risk                            liability components), basis risk (usage of different
         (penggunaan suku bunga acuan yang berbeda),                          interest rate reference), yield curve risk (changes in
         yield curve risk (perubahan bentuk dan slope yield                   shape and slope of the yield curve) and the option risk
         curve) dan option risk (pelunasan kredit atau                        (loan repayment or redeem of deposit before
         pencairan deposito sebelum jatuh tempo). Bank                        maturity). The Bank uses the repricing gap and
         menggunakan repricing gap dan melakukan                              performs sensitivity analysis to obtain the projected
         sensitivity analysis guna memperoleh proyeksi                        Net Interest Income (“NII”).
         perubahan Net Interest Income (“NII”).

         a.   Sensitivitas terhadap pendapatan bunga -                        a. Sensitivity of net interest income - net
              neto

              Tabel di bawah ini mengikhtisarkan                                  The table below shows the sensitivity of net
              sensitivitas pendapatan bunga - neto Bank                           income for the next 1 (one) year to interest rate
              Mandiri untuk 1 (satu) tahun ke depan                               movement of interest bearing assets and liabilities
              terhadap pergerakan suku bunga dari                                 of Bank Mandiri (Bank Mandiri only) as follows:
              portofolio aset dan liabilitas yang memiliki
              suku bunga (Bank Mandiri saja) yaitu:

                                                Peningkatan 400 bps/     Penurunan 400 bps/
                                                Increased by 400 bps    Decreased by 400 bps
              31 Desember 2025                                                                                       31 December 2025
              Menambah/(mengurangi)                                                                                 Increase/(decrease)
                 pendapatan bunga - neto                  (3.823.449)             (2.831.637)                       net interest income

                                                Peningkatan 400 bps/     Penurunan 400 bps/
                                                Increased by 400 bps    Decreased by 400 bps
              31 Desember 2024                                                                                       31 December 2024
              Menambah/(mengurangi)                                                                                 Increase/(decrease)
                 pendapatan bunga - neto                   1.198.553               (4.378.629)                      net interest income

              Proyeksi di atas mengasumsikan bahwa                                The above projections assumed that all other
              seluruh variabel lainnya adalah konstan pada                        variables are held constant at reporting date.
              tanggal pelaporan keuangan.

         b.   Sensitivitas  pendapatan bunga untuk                            b. Sensitivity of interest income from financial
              kelompok nilai wajar melalui pendapatan                            assets classified at fair value through other
              komprehensif lain                                                  comprehensive income

              Tabel di bawah ini mengikhtisarkan                                  The table below shows the sensitivity of Bank
              sensitivitas  pendapatan    bunga      untuk                        Mandiri’s interest income from available for sale
              kelompok nilai wajar melalui pendapatan                             marketable securities to movement of interest
              komprehensif lain yang akan jatuh tempo                             rates which will be due in 12 (twelve) months due
              dalam 12 (dua belas) bulan atas perubahan                           to interest rate changes (Bank Mandiri only) as
              tingkat suku bunga (Bank Mandiri saja) yaitu:                       follows:

                                                Peningkatan 400 bps/     Penurunan 400 bps/
                                                Increased by 400 bps    Decreased by 400 bps
              31 Desember 2025                                                                                       31 December 2025
              Menambah/(mengurangi)                                                                                 Increase/(decrease)
                 pendapatan bunga - neto                    471.862                 (479.384)                       net interest income




                                                              443
Page 1458
                                                                                                                     The original consolidated financial statements
                                                                                                                   included herein are in the Indonesian language.

          PT BANK MANDIRI (PERSERO) Tbk                                                                   PT BANK MANDIRI (PERSERO) Tbk
              DAN ENTITAS ANAKNYA                                                                               AND ITS SUBSIDIARIES
        CATATAN ATAS LAPORAN KEUANGAN                                                                      NOTES TO THE CONSOLIDATED
                   KONSOLIDASIAN                                                                               FINANCIAL STATEMENTS
         Tanggal 31 Desember 2025 dan untuk                                                                 As of 31 December 2025 and for
        Tahun Berakhir pada Tanggal Tersebut                                                                   for the Year Then Ended
           (Disajikan dalam jutaan Rupiah,                                                                 (Expressed in millions of Rupiah,
               kecuali dinyatakan lain)                                                                        unless otherwise stated)

62. MANAJEMEN RISIKO (lanjutan)                                                         62. RISK MANAGEMENT (continued)

   B.    Risiko pasar dan risiko likuiditas (lanjutan)                                         B.    Market risk and liquidity risk (continued)

   (ii) Manajemen risiko suku bunga portfolio banking                                          (ii) Interest rate risk management on banking book
        book (lanjutan)                                                                             portfolio (continued)

          b.    Sensitivitas  pendapatan bunga untuk                                                 b. Sensitivity of interest income from financial
                kelompok nilai wajar melalui pendapatan                                                 assets classified at fair value through other
                komprehensif lain                                                                       comprehensive income

                Tabel di bawah ini mengikhtisarkan                                                        The table below shows the sensitivity of Bank
                sensitivitas  pendapatan    bunga      untuk                                              Mandiri’s interest income from available for sale
                kelompok nilai wajar melalui pendapatan                                                   marketable securities to movement of interest
                komprehensif lain yang akan jatuh tempo                                                   rates which will be due in 12 (twelve) months due
                dalam 12 (dua belas) bulan atas perubahan                                                 to interest rate changes (Bank Mandiri only) as
                tingkat suku bunga (Bank Mandiri saja) yaitu:                                             follows: (continued)
                (lanjutan)

                                                                 Peningkatan 400 bps/          Penurunan 400 bps/
                                                                 Increased by 400 bps         Decreased by 400 bps
               31 Desember 2024                                                                                                                         31 December 2024
               Menambah/(mengurangi)                                                                                                                   Increase/(decrease)
                  pendapatan bunga - neto                                      134.562                       (132.419)                                 net interest income

                Proyeksi di atas mengasumsikan bahwa                                                      The above projections assumed that all other
                seluruh variabel lainnya adalah konstan pada                                              variables are held constant at reporting date.
                tanggal pelaporan keuangan.

                Sensitivitas   pendapatan bunga untuk                                                     The sensitivities of interest income from fair
                kelompok nilai wajar melalui pendapatan                                                   value through other comprehensive income
                komprehensif lain, tidak memperhitungkan                                                  without considering the effect off hedging and
                efek dari lindung nilai dan tindakan-tindakan                                             actions that Bank Mandiri would take to mitigate
                Bank Mandiri untuk mengurangi risiko atas                                                 the impact of this interest rate risk. In practice,
                tingkat suku bunga. Dalam kenyataannya,                                                   Bank Mandiri proactively seeks to mitigate the
                Bank Mandiri secara proaktif melakukan                                                    effect of prospective interest movements.
                mitigasi atas efek prospektif pergerakan
                tingkat suku bunga.

          c.    Eksposur Bank Mandiri terhadap risiko tingkat                                        c. Bank Mandiri’s exposure to interest rate risk
                suku bunga (repricing gap)                                                              (repricing gap)

                Tabel di bawah ini mengikhtisarkan aset dan                                               The tables below summarise Bank Mandiri’s
                liabilitas keuangan Bank Mandiri pada nilai                                               financial asset and liabilities at carrying
                tercatat, yang dikategorikan menurut mana                                                 amounts categorised by earlier of contractual
                yang lebih dulu antara tanggal repricing                                                  repricing date or maturity dates:
                secara kontraktual atau tanggal jatuh tempo:
                                                                       31 Desember 2025/31 December 2025

                                                           Dikenakan bunga/Interest bearing
                                    Lebih dari    Lebih dari
                                   1 bulan tapi 3 bulan tapi    Lebih dari    Lebih dari    Lebih dari    Lebih dari
                      Kurang dari tidak lebih     tidak lebih  1 tahun tapi 2 tahun tapi 3 tahun tapi 4 tahun tapi
                         sama      dari 3 bulan/ dari 1 tahun/ tidak lebih    tidak lebih   tidak lebih   tidak lebih
                        dengan        Over 1        Over 3     dari 2 tahun/ dari 3 tahun/ dari 4 tahun/ dari 5 tahun/                  Tidak
                        1 bulan/    month but    months but Over 1 year Over 2 years Over 3 years Over 4 years                       dikenakan
                      Less than or  not more       not more       but not       but not       but not       but not     Lebih dari     bunga/
                        equal to       than           than      more than     more than     more than     more than      5 tahun/   Non-interest
                        1 month     3 months         1 year       2 years       3 years       4 years       5 years    Over 5 years   bearing        Total

                                                                                                                                                              Demand deposits
        Giro pada                                                                                                                                                     with Bank
         Bank Indonesia          -             -             -            -             -             -             -            -   238.289.478   238.289.478        Indonesia
        Giro pada                                                                                                                                               Current accounts
         bank lain      58.234.133             -             -            -             -             -             -            -     2.718.450    60.952.583 with other banks
        Penempatan pada                                                                                                                                          Placements with
         Bank Indonesia                                                                                                                                         Bank Indonesia
         dan bank lain  28.421.724      591.447      (359.425)            -             -             -             -            -    21.818.088    50.471.834 and other banks




                                                                                 444
Page 1459
                                                                                                                                            The original consolidated financial statements
                                                                                                                                          included herein are in the Indonesian language.

          PT BANK MANDIRI (PERSERO) Tbk                                                                                        PT BANK MANDIRI (PERSERO) Tbk
              DAN ENTITAS ANAKNYA                                                                                                    AND ITS SUBSIDIARIES
        CATATAN ATAS LAPORAN KEUANGAN                                                                                           NOTES TO THE CONSOLIDATED
                   KONSOLIDASIAN                                                                                                    FINANCIAL STATEMENTS
         Tanggal 31 Desember 2025 dan untuk                                                                                      As of 31 December 2025 and for
        Tahun Berakhir pada Tanggal Tersebut                                                                                        for the Year Then Ended
           (Disajikan dalam jutaan Rupiah,                                                                                      (Expressed in millions of Rupiah,
               kecuali dinyatakan lain)                                                                                             unless otherwise stated)

62. MANAJEMEN RISIKO (lanjutan)                                                                        62. RISK MANAGEMENT (continued)

   B.     Risiko pasar dan risiko likuiditas (lanjutan)                                                       B.    Market risk and liquidity risk (continued)

   (ii) Manajemen risiko suku bunga portfolio banking                                                         (ii) Interest rate risk management on banking book
        book (lanjutan)                                                                                            portfolio (continued)

           c.      Eksposur Bank Mandiri terhadap risiko tingkat                                                    c. Bank Mandiri’s exposure to interest rate risk
                   suku bunga (repricing gap) (lanjutan)                                                               (repricing gap) (continued)
                                                                                    31 Desember 2025/31 December 2025

                                                                      Dikenakan bunga/Interest bearing
                                         Lebih dari    Lebih dari
                                        1 bulan tapi 3 bulan tapi    Lebih dari    Lebih dari    Lebih dari    Lebih dari
                           Kurang dari tidak lebih     tidak lebih  1 tahun tapi 2 tahun tapi 3 tahun tapi 4 tahun tapi
                              sama      dari 3 bulan/ dari 1 tahun/ tidak lebih    tidak lebih   tidak lebih   tidak lebih
                             dengan        Over 1        Over 3     dari 2 tahun/ dari 3 tahun/ dari 4 tahun/ dari 5 tahun/                  Tidak
                             1 bulan/    month but    months but Over 1 year Over 2 years Over 3 years Over 4 years                       dikenakan
                           Less than or  not more       not more       but not       but not       but not       but not     Lebih dari     bunga/
                             equal to       than           than      more than     more than     more than     more than      5 tahun/   Non-interest
                             1 month     3 months         1 year       2 years       3 years       4 years       5 years    Over 5 years   bearing                                 Total

                                                                                                                                                                                                        Marketable
        Efek-efek          12.714.741         6.844.973      50.214.203     14.546.598       3.334.201       2.448.145          3.556.674        4.680.443      26.428.716      124.768.694             securities
        Obligasi
          pemerintah            544.414       1.254.908      37.200.132     28.083.297      24.375.306      35.277.823         32.298.239     133.783.429                   -292.817.548 Government bonds
        Tagihan lainnya -                                                                                                                                                                 Other receivables
          transaksi                                                                                                                                                                                   - trade
          perdagangan         6.032.332      12.322.800      10.466.349         14.639                 -                 -          88.608                 -     3.147.383    32.072.111     transactions
        Tagihan atas                                                                                                                                                                                Securities
          efek-efek yang                                                                                                                                                                       purchased
          dibeli dengan janji                                                                                                                                                                under resale
          dijual kembali      3.768.269          61.545          73.963                -               -                 -                -                -             -     3.903.777      agreements
        Tagihan                                                                                                                                                                                    Derivative
          derivatif             307.710         224.140         375.802      1.629.822       1.326.216       2.280.995          1.012.028          120.962               -     7.277.675      receivables
        Kredit yang diberikan                                                                                                                                                                     Loans and
          dan piutang/                                                                                                                                                                                 sharia
          pembiayaan                                                                                                                                                                         receivables/
          syariah*)       310.472.978      725.470.251      265.105.763     62.535.922      43.759.305      26.814.413         15.451.120      85.547.039      314.811.165 1.849.967.956        financing*)
        Piutang                                                                                                                                                                                    Consumer
          pembiayaan                                                                                                                                                                              financing
          konsumen            1.570.542       3.089.044      12.330.988     11.505.434       7.328.952       3.764.703          1.204.735           68.802               -    40.863.200      receivables
        Investasi bersih                                                                                                                                                                    Net investment
          dalam sewa                                                                                                                                                                                 finance
          pembiayaan            230.240         436.348       1.613.538      1.218.281         468.638        145.436               28.695          12.564               -     4.153.740              leases
        Tagihan                                                                                                                                                                                 Acceptance
          akseptasi                   -               -               -              -               -               -                    -                -     8.088.278     8.088.278      receivables
        Aset lain-lain     14.175.358           811.864         551.536        805.509       2.703.683       4.646.204                    -                -             -    23.694.154       Other assets
                            436.472.441    751.107.320      377.572.849    120.339.502      83.296.301      75.377.719         53.640.099     224.213.239      615.301.558 2.737.321.028

        Simpanan dari                                                                                                                                                                            Deposits from
          nasabah                                                                                                                                                                                  customers
                                                                                                                                                                                             Demand deposits
          Giro dan                                                                                                                                                                              and wadiah
           giro wadiah 352.418.037            8.053.552      36.240.982     48.321.309      48.321.309      48.321.309         48.321.309      48.321.309       27.790.474      666.109.590 demand deposits
          Tabungan dan                                                                                                                                                                       Saving deposits
           tabungan                                                                                                                                                                             and wadiah
           Wadiah      147.020.013           11.588.513      52.133.992     69.679.433      69.570.611      69.554.279         69.542.787      69.514.221       63.311.121      621.914.970 saving deposits
          Deposito                                                                                                                                                                                       Time
           berjangka   285.610.832         203.182.883       28.182.240     11.896.213               480                 -                -                -                -   528.872.648         deposits
        Simpanan dari                                                                                                                                                                            Deposits from
          bank lain                                                                                                                                                                               other banks
                                                                                                                                                                                            Demand deposits,
                                                                                                                                                                                            wadiah demand
          Giro,                                                                                                                                                                                     deposits
            giro wadiah                                                                                                                                                                          and saving
            dan tabungan 3.716.245               61.984         278.928        371.904         371.904        371.904             371.904          371.904          105.792       6.022.469         deposits
          Interbank call                                                                                                                                                                        Interbank call
            money             3.805.933       2.491.672       1.716.277                -               -                 -                -                -                -     8.013.882          money
          Deposito                                                                                                                                                                                       Time
            berjangka         5.170.817         369.350         678.775        500.250                 -                 -                -                -                -     6.719.192         deposits
        Liabilitas atas                                                                                                                                                                              Securities
          efek-efek yang                                                                                                                                                                           sold under
          dijual dengan janji                                                                                                                                                                     agreements
          dibeli kembali      3.841.278       8.446.698       9.227.989     12.610.447       3.304.086       2.525.391                    -                -                -    39.955.889    to repurchase
        Liabilitas                                                                                                                                                                                    Derivative
          derivatif             317.745         135.811         424.377      1.597.753       1.029.045       2.262.163            998.003           76.724                  -     6.841.621          payables
        Liabilitas                                                                                                                                                                                  Acceptance
          akseptasi                   -                 -              -               -               -                 -                -                -      7.919.333       7.919.333          payables
        Efek-efek yang                                                                                                                                                                           Debt securities
          diterbitkan                 -                 -    19.006.625      2.523.154      23.835.525       2.960.278          2.215.862                  -    11.663.787       62.205.231            issued
        Beban yang
          masih harus                                                                                                                                                                                 Accrued
          dibayar                     -               -                -             -               -              -                     -                -      6.168.983       6.168.983        expenses
        Liabilitas lain-lain  9.917.099       1.147.635                -       207.915       3.525.260        296.370                     -                -              -      15.094.279    Other liabilities
        Pinjaman yang                                                                                                                                                                                  Fund
          diterima           17.359.653      92.187.076      32.175.434      5.948.185        (523.456)      3.051.986            855.679        3.617.865                  -   154.672.422      borrowings
        Pinjaman dan                                                                                                                                                                        Subordinated loans
          efek-efek                                                                                                                                                                          and marketable
          subordinasi                 -                 -              -               -               -                 -                -        189.779          200.000         389.779       securitites
                            829.177.652    327.665.174      180.065.619    153.656.563     149.434.764     129.343.680       122.305.544      122.091.802      117.159.490 2.130.900.288
        Total                                                                                                                                                                                       Total interest
         repricing gap                                                                                                                                                                                repricing
         suku bunga (392.705.211) 423.442.146               197.507.230    (33.317.061)    (66.138.463)    (53.965.961)       (68.665.445) 102.121.437         498.142.068      606.420.740                 gap


          *)    Termasuk piutang/dan pembiayaan Entitas Anak yang menjalankan usaha secara syariah                  *)       Represent receivables/and financing from Subsidiary engaged in sharia business which earn
                dimana menerima imbalan berupa margin dan bagi hasil                                                         margin and profit sharing.




                                                                                               445
Page 1460
                                                                                                                                             The original consolidated financial statements
                                                                                                                                           included herein are in the Indonesian language.

          PT BANK MANDIRI (PERSERO) Tbk                                                                                         PT BANK MANDIRI (PERSERO) Tbk
              DAN ENTITAS ANAKNYA                                                                                                     AND ITS SUBSIDIARIES
        CATATAN ATAS LAPORAN KEUANGAN                                                                                            NOTES TO THE CONSOLIDATED
                   KONSOLIDASIAN                                                                                                     FINANCIAL STATEMENTS
         Tanggal 31 Desember 2025 dan untuk                                                                                       As of 31 December 2025 and for
        Tahun Berakhir pada Tanggal Tersebut                                                                                         for the Year Then Ended
           (Disajikan dalam jutaan Rupiah,                                                                                       (Expressed in millions of Rupiah,
               kecuali dinyatakan lain)                                                                                              unless otherwise stated)

62. MANAJEMEN RISIKO (lanjutan)                                                                        62. RISK MANAGEMENT (continued)

   B.     Risiko pasar dan risiko likuiditas (lanjutan)                                                       B.     Market risk and liquidity risk (continued)

   (ii) Manajemen risiko suku bunga portfolio banking                                                         (ii) Interest rate risk management on banking book
        book (lanjutan)                                                                                            portfolio (continued)
           c.      Eksposur Bank Mandiri terhadap risiko tingkat                                                     c. Bank Mandiri’s exposure to interest rate risk
                   suku bunga (repricing gap) (lanjutan)                                                                (repricing gap) (continued)
                                                                                    31 Desember 2024/31 December 2024

                                                                      Dikenakan bunga/Interest bearing
                                         Lebih dari    Lebih dari
                                        1 bulan tapi 3 bulan tapi    Lebih dari    Lebih dari    Lebih dari    Lebih dari
                           Kurang dari tidak lebih     tidak lebih  1 tahun tapi 2 tahun tapi 3 tahun tapi 4 tahun tapi
                              sama      dari 3 bulan/ dari 1 tahun/ tidak lebih    tidak lebih   tidak lebih   tidak lebih
                             dengan        Over 1        Over 3     dari 2 tahun/ dari 3 tahun/ dari 4 tahun/ dari 5 tahun/                  Tidak
                             1 bulan/    month but    months but Over 1 year Over 2 years Over 3 years Over 4 years                       dikenakan
                           Less than or  not more       not more       but not       but not       but not       but not     Lebih dari     bunga/
                             equal to       than           than      more than     more than     more than     more than      5 tahun/   Non-interest
                             1 month     3 months         1 year       2 years       3 years       4 years       5 years    Over 5 years   bearing                                  Total

        Giro pada                                                                                                                                                                                       with Bank
         Bank Indonesia          -                      -              -               -               -                  -                -                -   105.146.044      105.146.044            Indonesia
        Giro pada                                                                                                                                                                                 Current accounts
         bank lain      45.187.565                      -              -               -               -                  -                -                -      1.480.874      46.668.439      with other banks
        Penempatan pada                                                                                                                                                                            Placements with
         Bank Indonesia                                                                                                                                                                           Bank Indonesia
         dan bank lain  21.523.169              155.798         156.365        440.848                 -     1.866.502                     -                -    39.087.372       63.230.054      and other banks
                                                                                                                                                                                                         Marketable
        Efek-efek          21.988.643         3.741.619      18.072.279      5.272.650       8.126.793       2.376.911           2.218.345        4.187.119      29.545.189       95.529.548             securities
        Obligasi
          pemerintah          3.639.987         107.534      19.873.009     32.647.761      13.303.790       9.634.768          33.397.254     139.248.922       35.419.634      287.272.659Government bonds
        Tagihan lainnya -                                                                                                                                                                  Other receivables
          transaksi                                                                                                                                                                                     - trade
          perdagangan         6.224.035      10.952.067      11.407.807         82.687       1.307.521                    -                -                -             -    29.974.117      transactions
        Tagihan atas                                                                                                                                                                                  Securities
          efek-efek yang                                                                                                                                                                         purchased
          dibeli dengan janji                                                                                                                                                             under agreements
          dijual kembali      8.113.681         132.240          44.217                -               -                  -                -                -             -     8.290.138             to resell
        Tagihan                                                                                                                                                                                      Derivative
          derivatif             753.470         542.038         471.997        447.324       1.615.679       1.045.009           2.745.171          140.820               -     7.761.508       receivables
        Kredit yang diberikan                                                                                                                                                                       Loans and
          dan piutang/                                                                                                                                                                                   sharia
          pembiayaan                                                                                                                                                                           receivables/
          syariah*)       274.907.445      584.062.214      257.636.297     61.015.616      45.598.711      23.885.976          13.455.614      87.484.113      275.170.626 1.623.216.612         financing*)
        Piutang                                                                                                                                                                                      Consumer
          pembiayaan                                                                                                                                                                                financing
          konsumen            1.572.853       3.129.605      12.000.669     11.812.941       7.554.091       4.007.187           1.379.561          116.399               -    41.573.306       receivables
        Investasi bersih                                                                                                                                                                      Net investment
          dalam sewa                                                                                                                                                                                   finance
          pembiayaan            294.226         559.844       2.084.949      1.820.435         768.637         178.480               50.505                 -             -     5.757.076               leases
        Tagihan                                                                                                                                                                                   Acceptance
          akseptasi                   -               -               -              -               -               -                     -                -     9.313.865     9.313.865       receivables
        Aset lain-lain     10.849.946           418.823         509.680        915.082       2.853.266       1.975.182                     -                -       415.944    17.937.923        Other assets
                            395.055.020    603.801.782      322.257.269    114.455.344      81.128.488      44.970.015          53.246.450     231.177.373      495.579.548 2.341.671.289

        Simpanan dari                                                                                                                                                                             Deposits from
          nasabah                                                                                                                                                                                   customers
                                                                                                                                                                                              Demand deposits
          Giro dan                                                                                                                                                                               and wadiah
           giro wadiah 317.911.225            6.521.625      29.347.315     39.129.753      39.129.753      39.129.753          39.129.753      39.129.753       19.147.079      568.576.009 demand deposits
          Tabungan dan                                                                                                                                                                        Saving deposits
           tabungan                                                                                                                                                                              and wadiah
           Wadiah      149.933.058           10.604.237      47.656.190     63.393.930      63.363.085      63.327.651          63.321.756      63.311.822       55.280.067      580.191.796 saving deposits
          Deposito                                                                                                                                                                                        Time
           berjangka   175.497.380           99.408.058      18.675.678      3.885.676               360                  -                -                -                -   297.467.152         deposits
        Simpanan dari                                                                                                                                                                             Deposits from
          bank lain                                                                                                                                                                                other banks
                                                                                                                                                                                            Demand deposits,
                                                                                                                                                                                             wadiah demand
          Giro,                                                                                                                                                                                      deposits
            giro wadiah                                                                                                                                                                           and saving
            dan tabungan 5.773.453               88.246         397.105        529.474         529.474         529.474             529.474          529.474          183.864       9.090.038         deposits
          Interbank call                                                                                                                                                                         Interbank call
            money             3.334.863       2.293.118       4.333.573                -               -                  -                -                -                -     9.961.554          money
          Deposito                                                                                                                                                                                        Time
            berjangka         6.855.923         496.106          27.478        128.760         482.850                    -                -                -                -     7.991.117         deposits
        Liabilitas atas                                                                                                                                                                               Securities
          efek-efek yang                                                                                                                                                                            sold under
          dijual dengan janji                                                                                                                                                                      agreements
          dibeli kembali     58.138.164                 -     2.000.559     13.724.484      12.052.057       1.995.091           2.345.870                  -                -    90.256.225    to repurchase
        Liabilitas                                                                                                                                                                                     Derivative
          derivatif             782.342         584.340         275.175        443.776       1.528.575         958.146           2.668.461           96.183                  -     7.336.998          payables
        Liabilitas                                                                                                                                                                                   Acceptance
          akseptasi                   -                 -              -               -               -                  -                -                -      9.136.013       9.136.013          payables
        Efek-efek yang                                                                                                                                                                            Debt securities
          diterbitkan                 -       1.009.447       8.745.765     15.643.531       3.564.594       3.665.142           2.260.225                  -      6.252.363      41.141.067            issued
        Beban yang
          masih harus                                                                                                                                                                                  Accrued
          dibayar                     -               -                -             -               -                    -                -                -      5.466.461       5.466.461        expenses
        Liabilitas lain-lain 7.669.606        1.368.247                -       204.450       1.412.130                    -                -                -        198.737      10.853.170    Other liabilities
        Pinjaman yang                                                                                                                                                                                   Fund
          diterima            2.577.152      14.111.847      46.682.264     24.507.489      31.209.765       4.186.787           1.473.585        3.749.229      19.417.863      147.915.981      borrowings
        Pinjaman dan                                                                                                                                                                         Subordinated loans
          efek-efek                                                                                                                                                                           and marketable
          subordinasi                 -                 -              -               -               -                  -                -        203.562          200.000         403.562       securitites
                            728.473.166    136.485.271      158.141.102    161.591.323     153.272.643     113.792.044        111.729.124      107.020.023      115.282.447 1.785.787.143

        Total                                                                                                                                                                                         Total interest
         repricing gap                                                                                                                                                                                  repricing
         suku bunga (333.418.146)          467.316.511      164.116.167 (47.135.979)       (72.144.155)    (68.822.029)       (58.482.674)     124.157.350      380.297.101      555.884.146                   gap

          *)    Termasuk piutang/dan pembiayaan Entitas Anak yang menjalankan usaha secara syariah                   *)       Represent receivables/and financing from Subsidiary engaged in sharia business which earn
                dimana menerima imbalan berupa margin dan bagi hasil                                                          margin and profit sharing.


                                                                                               446
Page 1461
                                                                                     The original consolidated financial statements
                                                                                   included herein are in the Indonesian language.

          PT BANK MANDIRI (PERSERO) Tbk                                     PT BANK MANDIRI (PERSERO) Tbk
              DAN ENTITAS ANAKNYA                                                 AND ITS SUBSIDIARIES
        CATATAN ATAS LAPORAN KEUANGAN                                        NOTES TO THE CONSOLIDATED
                   KONSOLIDASIAN                                                 FINANCIAL STATEMENTS
         Tanggal 31 Desember 2025 dan untuk                                   As of 31 December 2025 and for
        Tahun Berakhir pada Tanggal Tersebut                                     for the Year Then Ended
           (Disajikan dalam jutaan Rupiah,                                   (Expressed in millions of Rupiah,
               kecuali dinyatakan lain)                                          unless otherwise stated)

62. MANAJEMEN RISIKO (lanjutan)                                  62. RISK MANAGEMENT (continued)

   B.    Risiko pasar dan risiko likuiditas (lanjutan)              B.   Market risk and liquidity risk (continued)

   (ii) Manajemen risiko suku bunga portfolio banking               (ii) Interest rate risk management on banking book
        book (lanjutan)                                                  portfolio (continued)

         Untuk mengetahui dampak perubahan suku                          To assess the impact of changes in interest rates and
         bunga dan nilai tukar pada kondisi ekstrim (krisis)             exchange rates at extreme conditions (crisis) to
         terhadap pendapatan dan modal, Bank melakukan                   earnings and capital, the Bank conducts stress
         stress testing risiko pasar banking book secara                 testing on the market risk of banking book regularly.
         berkala.

   (iii) Manajemen pricing                                          (iii) Pricing management

         Bank menerapkan kebijakan pricing baik untuk                    The Bank implements pricing policy for loans or
         produk dana maupun produk kredit. Kebijakan                     deposit products. The pricing policy is one of the
         pricing merupakan salah satu strategi untuk                     Bank’s strategy to maximise Net Interest Margin
         memaksimalkan Net Interest Margin (“NIM”) dan                   (“NIM”) and to support the Bank to dominate the
         sekaligus mendukung Bank menguasai market                       market share by considering the competition
         share dengan mempertimbangkan kondisi                           condition.
         persaingan.

         Bank secara konsisten berupaya menerapkan                       The Bank consistently manages to apply the
         strategi sebagai market leader dalam hal pricing                strategy as market leader in terms of fund pricing.
         pendanaan.      Namun      demikian,      dengan                However, considering the liquidity conditions and
         mempertimbangkan      kondisi   likuiditas   dan                funding needs, the Bank may implement an
         kebutuhan dana, Bank dapat menerapkan strategi                  aggressive    strategy    (greater   than    major
         agresif (lebih besar dari pesaing utama) atau                   competitors) or defensive (equal to or smaller than
         defensif (sama atau lebih kecil dari pesaing                    major competitors).
         utama).

         Dalam menetapkan suku bunga kredit, Bank                        In determine interest rates, the Bank implements
         menerapkan risk based pricing yaitu pemberian                   risk-based pricing by providing a range of interest
         suku bunga kredit kepada nasabah bervariasi                     rate of loan to customers based on credit risk level.
         berdasarkan tingkat risiko kreditnya. Dalam                     In order to minimize interest rate risk, the loan
         rangka meminimalkan risiko suku bunga, maka                     interest rate is adjusted with interest rate from cost
         suku bunga kredit disesuaikan dengan suku                       of funds. Other than cost of funds, loan interest rates
         bunga sumber dana pembiayaan. Selain biaya                      are determined with consideration to overhead
         dana, suku bunga kredit ditetapkan dengan                       costs, credit risk premiums and profit margins as
         mempertimbangkan biaya overhead, premi risiko                   well as taking into account the Bank's
         kredit dan marjin keuntungan Bank dengan tetap                  competitiveness with its major competitors. Interest
         memperhatikan competitiveness dengan pesaing                    rates for loan can be either a floating or a fixed rate
         utama. Suku bunga kredit dapat berupa suku                      for certain tenors.
         bunga mengambang (floating rate) atau suku
         bunga tetap (fixed rate) untuk tenor tertentu.

         Risiko nilai tukar adalah potensi kerugian yang                 Exchange rate risk represents potential loss arising
         timbul akibat pergerakan nilai tukar di pasar yang              from unfavourable exchange rate movements in the
         berlawanan pada saat Bank memiliki posisi                       market when the Bank has an open position. The
         terbuka. Bank menerapkan manajemen risiko nilai                 Bank applies a proper foreign exchange risk
         tukar yang memadai sehingga terhindar dari                      management to avoid loss arising from exchange
         kerugian akibat perubahan atau volatilitas nilai                rate changes or volatility. Exchange rate risk arises
         tukar. Risiko nilai tukar berasal dari transaksi                from foreign exchange currency transactions with
         valuta asing dengan nasabah atau counterparty                   customer or counterparty which leads to an open
         yang menyebabkan posisi terbuka dalam valuta                    position in foreign currency or structural positions in
         asing maupun posisi struktural dalam valuta asing               foreign currencies due to capital investment. The
         akibat penyertaan modal. Bank mengelola risiko                  Bank manages exchange rate risk by monitoring
         nilai tukar dengan melakukan pemantauan dan                     and managing the Net Open Position (“NOP”) in
         pengelolaan Posisi Devisa Neto (“PDN”) sesuai                   accordance with internal limits and the regulation of
         dengan limit internal dan ketentuan Bank                        Bank Indonesia.
         Indonesia.

                                                           447
Page 1462
                                                                                                                                     The original consolidated financial statements
                                                                                                                                   included herein are in the Indonesian language.

          PT BANK MANDIRI (PERSERO) Tbk                                                                               PT BANK MANDIRI (PERSERO) Tbk
              DAN ENTITAS ANAKNYA                                                                                           AND ITS SUBSIDIARIES
        CATATAN ATAS LAPORAN KEUANGAN                                                                                  NOTES TO THE CONSOLIDATED
                   KONSOLIDASIAN                                                                                           FINANCIAL STATEMENTS
         Tanggal 31 Desember 2025 dan untuk                                                                             As of 31 December 2025 and for
        Tahun Berakhir pada Tanggal Tersebut                                                                               for the Year Then Ended
           (Disajikan dalam jutaan Rupiah,                                                                             (Expressed in millions of Rupiah,
               kecuali dinyatakan lain)                                                                                    unless otherwise stated)

62. MANAJEMEN RISIKO (lanjutan)                                                                62. RISK MANAGEMENT (continued)

   B.    Risiko pasar dan risiko likuiditas (lanjutan)                                              B.          Market risk and liquidity risk (continued)

   (iv) Manajemen risiko nilai tukar                                                                (iv) Foreign exchange risk management

         Perhitungan PDN pada tanggal 31 Desember                                                               The calculation of the net open position as of
         2025 dan 2024 berdasarkan Peraturan Bank                                                               31 December 2025 and 2024 is based on Bank
         Indonesia No. 12/10/PBI/2010 tanggal 1 Juli 2010                                                       Indonesia’s Regulation No. 12/10/PBI/2010 dated
         yang telah diperbaharui oleh Peraturan Bank                                                            1 July 2010 which amended by Bank Indonesia’s
         Indonesia No. 17/5/PBI/2015 tanggal 29 Mei 2015                                                        Regulation No. 17/5/PBI/2015 dated on 29 May
         yang mengatur mengenai penghapusan peraturan                                                           2015 regarding removal implementation NOP 30
         PDN 30 menit. Sesuai dengan Peraturan Bank                                                             minutes. In accordance with Bank Indonesia
         Indonesia, rasio PDN secara keseluruhan adalah                                                         Regulation, the overall NOP ratio is the total
         penjumlahan nilai absolut dari selisih bersih antara                                                   absolute amount from the net difference between
         aset dan liabilitas dalam laporan posisi keuangan                                                      assets and liabilities for each foreign currency on
         untuk setiap mata uang asing yang dinyatakan                                                           statement of financial position which presented in
         dalam Rupiah ditambah dengan selisih bersih dari                                                       Rupiah added with the net difference between
         tagihan dan liabilitas komitmen dan kontinjensi,                                                       receivables and payables of commitments and
         yang dicatat dalam rekening administratif, untuk                                                       contingencies     for    each    foreign    currency
         setiap mata uang asing, yang dinyatakan dalam                                                          recorded in administrative which presented in
         Rupiah. PDN untuk laporan posisi keuangan                                                              Rupiah. The net open position for the statement of
         adalah selisih bersih jumlah aset dan jumlah                                                           financial position is the net difference between
         liabilitas dalam mata uang asing yang dinyatakan                                                       total assets and liabilities for each foreign
         dalam Rupiah. Terhitung tanggal 20 Maret 2020                                                          currency which presented in Rupiah. As of
         sesuai dengan Surat BI No. 22/53/DPPK/Srt/B,                                                           20 March 2020, in accordance with BI Letter
         transaksi Domestic Non-Deliverable Forward                                                             No. 22/53/DPPK/Srt/B, Domestic Non-Deliverable
         (“DNDF”) disertakan ke dalam perhitungan PDN.                                                          Forward (“DNDF”) transactions are included in the
                                                                                                                NOP calculation.

         a.     Eksposur Bank Mandiri atas risiko nilai tukar                                                   a.      Bank Mandiri exposure to foreign currency
                mata uang asing                                                                                         exchange rate risk

                Tabel di bawah ini mengikhtisarkan eksposur                                                             The table below summarizes the Group’s
                Grup atas risiko nilai tukar mata uang asing.                                                           exposure of foreign currency exchange rate
                Termasuk di dalamnya adalah instrumen                                                                   risk. Included in the table are the Group’s
                keuangan Grup pada nilai tercatat,                                                                      financial instruments at carrying amount,
                dikategorikan berdasarkan jenis mata uang.                                                              categorised by currencies.
                                                                                  31 Desember 2025/31 December 2025
                                     Dolar                                                                                            Pound
                                    Amerika                                                                                          Sterling
                                    Serikat/                       Dolar                         Dolar                Yuan           Inggris/
                                     United       Euro Eropa/   Singapura/       Yen Jepang/   Australia/             China/       Great Britain
                                     States        European     Singapore         Japanese     Australian            Chinese         Pound-        Lain-lain/
                                     Dollar          Euro         Dollar             Yen         Dollar               Yuan           sterling       Others            Total


              Aset                                                                                                                                                                             Assets
              Kas                     1.689.981       373.434      276.815            65.795      330.111                3.041           30.690       439.853         3.209.720                   Cash
              Giro pada                                                                                                                                                              Current accounts
                Bank Indonesia       18.737.295             -                -             -                -                  -               -                -    18.737.295 with Bank Indonesia
              Giro pada                                                                                                                                                         Current accounts with
                bank lain            39.201.743     6.630.289     1.938.399        4.461.066      305.901            4.431.280          714.096     3.046.495        60.729.269          other banks
              Penempatan pada                                                                                                                                                         Placement with
                Bank Indonesia                                                                                                                                                       Bank Indonesia
                dan bank lain        30.277.690             -            -                 -             -             811.639                 -                -    31.089.329     and other banks
              Efek-efek              27.198.421             -      785.333         4.272.997             -             128.784                 -                -    32.385.535 Marketable securities
              Obligasi pemerintah    50.311.415       690.935            -           265.597         2.788                   -                 -                -    51.270.735    Government bonds
              Tagihan lainnya -                                                                                                                                                    Other receivables -
                transaksi                                                                                                                                                                       trade
                perdagangan          12.110.898       246.134        25.680          101.085             -             321.237           65.579       119.601        12.990.214         transactions
              Tagihan derivatif       6.136.746         4.283           297            2.017           967              15.333            3.600             -         6.163.243 Derivative receivables
              Kredit yang diberikan
                dan piutang/                                                                                                                                                         Loans and sharia
                pembiayaan                                                                                                                                                              receivables/
                syariah             318.939.286     5.781.666     1.550.163                -     2.155.845           8.183.357          688.120                 -   337.298.437             financing
              Tagihan                                                                                                                                                                      Acceptance
                akseptasi             3.231.641       146.656         2.136           16.442             -             623.143                -        61.572         4.081.590          receivables
              Aset lain-lain          4.368.855        94.723         8.723              844         8.406              43.906           10.295           106         4.535.858           Other assets
              Total aset           512.203.971     13.968.120     4.587.546        9.185.843     2.804.018       14.561.720           1.512.380     3.667.627       562.491.225           Total asset




                                                                                       448
Page 1463
                                                                                                                                          The original consolidated financial statements
                                                                                                                                        included herein are in the Indonesian language.

          PT BANK MANDIRI (PERSERO) Tbk                                                                                    PT BANK MANDIRI (PERSERO) Tbk
              DAN ENTITAS ANAKNYA                                                                                                AND ITS SUBSIDIARIES
        CATATAN ATAS LAPORAN KEUANGAN                                                                                       NOTES TO THE CONSOLIDATED
                   KONSOLIDASIAN                                                                                                FINANCIAL STATEMENTS
         Tanggal 31 Desember 2025 dan untuk                                                                                  As of 31 December 2025 and for
        Tahun Berakhir pada Tanggal Tersebut                                                                                    for the Year Then Ended
           (Disajikan dalam jutaan Rupiah,                                                                                  (Expressed in millions of Rupiah,
               kecuali dinyatakan lain)                                                                                         unless otherwise stated)

62. MANAJEMEN RISIKO (lanjutan)                                                                     62. RISK MANAGEMENT (continued)

   B.    Risiko pasar dan risiko likuiditas (lanjutan)                                                   B.          Market risk and liquidity risk (continued)
   (iv) Manajemen risiko nilai tukar (lanjutan)                                                          (iv) Foreign exchange risk management (continued)
         a.     Eksposur Bank Mandiri atas risiko nilai tukar                                                        a.      Bank Mandiri exposure to foreign currency
                mata uang asing (lanjutan)                                                                                   exchange rate risk (continued)
                Tabel di bawah ini mengikhtisarkan eksposur                                                                  The table below summarizes the Group’s
                Grup atas risiko nilai tukar mata uang asing.                                                                exposure of foreign currency exchange rate
                Termasuk di dalamnya adalah instrumen                                                                        risk. Included in the table are the Group’s
                keuangan Grup pada nilai tercatat,                                                                           financial instruments at carrying amount,
                dikategorikan berdasarkan jenis mata uang.                                                                   categorised by currencies. (continued)
                (lanjutan)
                                                                                      31 Desember 2025/31 December 2025
                                         Dolar                                                                                             Pound
                                        Amerika                                                                                           Sterling
                                        Serikat/                       Dolar                          Dolar                Yuan           Inggris/
                                         United      Euro Eropa/    Singapura/       Yen Jepang/    Australia/             China/       Great Britain
                                         States       European      Singapore         Japanese      Australian            Chinese         Pound-        Lain-lain/
                                         Dollar         Euro          Dollar             Yen          Dollar               Yuan           sterling       Others            Total

              Liabilitas                                                                                                                                                                         Liabilities
              Simpanan dari
                nasabah                                                                                                                                                           Deposits from customers
                                                                                                                                                                                        Demand deposits
               Giro dan                                                                                                                                                                     and wadiah
                giro wadiah          166.820.298       4.408.139       726.410           411.816       107.284            3.619.995           16.848       776.595       176.887.385 demand deposits
                                                                                                                                                                                     Saving deposits and
               Tabungan dan                                                                                                                                                              wadiah saving
                tabungan wadiah         41.542.031       997.906      1.339.055        7.879.437       198.222              630.204          177.059       216.929        52.980.843            deposits
               Deposito berjangka       55.461.040        29.366      1.042.130           38.110        24.592            1.663.650            1.975        52.608        58.313.471        Time deposits
                                                                                                                                                                                              Deposits from
              Simpanan dari bank lain                                                                                                                                                         other banks
                                                                                                                                                                                       Demand deposits,
                Giro. giro wadiah                                                                                                                                                       wadiah demand
                  dan                                                                                                                                                                      deposits and
                  tabungan               2.117.104          399           1.765             432                  -            8.270                 -           44         2.128.014    saving deposits
                Interbank call money 2.501.250                -               -               -                  -        5.512.632                 -            -         8.013.882 Interbank call money
                Deposito berjangka       4.237.324            -               -               -                  -                -                 -            -         4.237.324        Time deposits
              Liabilitas atas efek-efek                                                                                                                                               Securities sold under
                yang dijual dengan                                                                                                                                                         agreements to
                janji dibeli kembali    38.154.501             -              -                -                 -                -                -             -        38.154.501           repurchase
              Liabilitas derivatif       5.987.560         8.841            902           58.470                 -            2.632               19           833         6.059.257     Derivative payable
              Liabilitas akseptasi       3.231.641       146.656          2.136           16.442                 -          623.143                -        61.572         4.081.590 Acceptance payables
              Efek-efek yang                                                                                                                                                                 Debt securities
                diterbitkan             23.277.310             -                 -             -                 -                  -               -                -    23.277.310                issued
              Beban yang masih
                harus dibayar            1.430.892        16.413        46.911               143            150              54.540               55         8.351         1.557.455     Accrued expenses
              Liabilitas lain-lain       1.098.958        10.586       152.978            17.581          6.477             267.133            1.956       125.850         1.681.519        Other liabilities
              Pinjaman yang diterima128.631.209                -             -                 -              -                   -                -             -       128.631.209      Fund borrowings
              Pinjaman dan                                                                                                                                                              Subordinated loans
                efek-efek                                                                                                                                                                 and marketable
                subordinasi                 90.112             -                 -             -                 -                  -               -                -        90.112           securities
              Total liabilitas       474.581.230       5.618.306      3.312.287        8.422.431       336.725        12.382.199             197.912     1.242.782       506.093.872        Total liabilities
              Laporan posisi                                                                                                                                                               Net statement of
               keuangan bersih          37.622.741     8.349.814      1.275.259          763.412      2.467.293           2.179.521        1.314.468     2.424.845        56.397.354    financial position
              Rekening
               administratif                                                                                                                                                                Administrative
               bersih                    5.839.445    (7.799.168)    (1.034.859)        (733.995)    (2.424.166)            (80.958)      (1.353.462)   (1.178.684)       (8.765.847)    accounts - net


                                                                                      31 Desember 2024/31 December 2024
                                         Dolar                                                                                             Pound
                                        Amerika                                                                                           Sterling
                                        Serikat/                       Dolar                          Dolar                Yuan           Inggris/
                                         United      Euro Eropa/    Singapura/       Yen Jepang/    Australia/             China/       Great Britain
                                         States       European      Singapore         Japanese      Australian            Chinese         Pound-        Lain-lain/
                                         Dollar         Euro          Dollar             Yen          Dollar               Yuan           sterling       Others            Total

              Aset                                                                                                                                                                                  Assets
              Kas                     2.336.137          306.836        231.324           67.744       273.072                5.379           31.811       435.539         3.687.842                   Cash
              Giro pada                                                                                                                                                                   Current accounts
                Bank Indonesia       13.738.349                -                 -             -                 -                  -               -                -    13.738.349 with Bank Indonesia
              Giro pada                                                                                                                                                              Current accounts with
                bank lain            29.598.431        5.920.871        905.392        5.858.813       229.755            1.784.098        1.048.389       918.300        46.264.049          other banks
              Penempatan pada                                                                                                                                                              Placement with
                Bank Indonesia                                                                                                                                                            Bank Indonesia
                dan bank lain        30.350.296                -         35.889                -                 -          201.757                 -      105.729        30.693.671     and other banks
              Efek-efek              24.727.200                -        644.529           10.385                 -           73.676                 -            -        25.455.790 Marketable securities
              Obligasi pemerintah    50.464.201        1.138.143              -                -                 -                -                 -            -        51.602.344    Government bonds
              Tagihan lainnya -                                                                                                                                                         Other receivables -
                transaksi                                                                                                                                                                            trade
                perdagangan          11.446.140           85.543         30.726           11.585               -            152.884           40.038        18.321        11.785.237         transactions
              Tagihan derivatif       6.530.888           26.749              4           13.091              42             23.694            2.515           133         6.597.116 Derivative receivables
              Kredit yang diberikan
                dan piutang/                                                                                                                                                              Loans and sharia
                pembiayaan                                                                                                                                                                   receivables/
                syariah             271.899.002        5.309.651      1.662.946           32.067      1.130.626           4.829.413          516.849                 -   285.380.554             financing
              Tagihan                                                                                                                                                                           Acceptance
                akseptasi             3.080.537          255.283          2.869           54.769              -             366.435                -        40.036         3.799.929          receivables
              Aset lain-lain          3.371.087           95.210         10.644              259          6.203              28.771            8.829            76         3.521.079           Other assets

              Total aset             447.542.268      13.138.286      3.524.323        6.048.713      1.639.698           7.466.107        1.648.431     1.518.134       482.525.960            Total asset


                                                                                           449
Page 1464
                                                                                                                                          The original consolidated financial statements
                                                                                                                                        included herein are in the Indonesian language.

          PT BANK MANDIRI (PERSERO) Tbk                                                                                    PT BANK MANDIRI (PERSERO) Tbk
              DAN ENTITAS ANAKNYA                                                                                                AND ITS SUBSIDIARIES
        CATATAN ATAS LAPORAN KEUANGAN                                                                                       NOTES TO THE CONSOLIDATED
                   KONSOLIDASIAN                                                                                                FINANCIAL STATEMENTS
         Tanggal 31 Desember 2025 dan untuk                                                                                  As of 31 December 2025 and for
        Tahun Berakhir pada Tanggal Tersebut                                                                                    for the Year Then Ended
           (Disajikan dalam jutaan Rupiah,                                                                                  (Expressed in millions of Rupiah,
               kecuali dinyatakan lain)                                                                                         unless otherwise stated)

62. MANAJEMEN RISIKO (lanjutan)                                                                     62. RISK MANAGEMENT (continued)

   B.    Risiko pasar dan risiko likuiditas (lanjutan)                                                   B.          Market risk and liquidity risk (continued)

   (iv) Manajemen risiko nilai tukar (lanjutan)                                                          (iv) Foreign exchange risk management (continued)

         a.     Eksposur Bank Mandiri atas risiko nilai tukar                                                        a.      Bank Mandiri exposure to foreign currency
                mata uang asing (lanjutan)                                                                                   exchange rate risk (continued)

                Tabel di bawah ini mengikhtisarkan eksposur                                                                  The table below summarizes the Group’s
                Grup atas risiko nilai tukar mata uang asing.                                                                exposure of foreign currency exchange rate
                Termasuk di dalamnya adalah instrumen                                                                        risk. Included in the table are the Group’s
                keuangan Grup pada nilai tercatat,                                                                           financial instruments at carrying amount,
                dikategorikan berdasarkan jenis mata uang.                                                                   categorised by currencies. (continued)
                (lanjutan)
                                                                                      31 Desember 2024/31 December 2024
                                         Dolar                                                                                             Pound
                                        Amerika                                                                                           Sterling
                                        Serikat/                       Dolar                          Dolar                Yuan           Inggris/
                                         United      Euro Eropa/    Singapura/       Yen Jepang/    Australia/             China/       Great Britain
                                         States       European      Singapore         Japanese      Australian            Chinese         Pound-        Lain-lain/
                                         Dollar         Euro          Dollar             Yen          Dollar               Yuan           sterling       Others            Total

              Liabilitas                                                                                                                                                                         Liabilities
              Simpanan dari
                nasabah                                                                                                                                                           Deposits from customers
                                                                                                                                                                                        Demand deposits
               Giro dan                                                                                                                                                                      and wadiah
                giro wadiah          177.865.251       4.164.814        601.942        1.479.829       154.963            2.199.676           68.938       100.613       186.636.026 demand deposits
                                                                                                                                                                                     Saving deposits and
               Tabungan dan                                                                                                                                                              wadiah saving
                tabungan wadiah         39.539.856       480.402        702.088        3.786.159       217.302               53.919          179.728        44.900        45.004.354            deposits
               Deposito berjangka       37.559.481        19.941        608.155           36.194        30.906              776.103            1.611        35.125        39.067.516        Time deposits
                                                                                                                                                                                              Deposits from
              Simpanan dari bank lain                                                                                                                                                         other banks
                                                                                                                                                                                       Demand deposits,
                Giro, giro wadiah                                                                                                                                                      wadiah demand
                  dan                                                                                                                                                                      deposits and
                  tabungan               5.032.056          345           1.608             419                  -              476                 -           43         5.034.947    saving deposits
                Interbank call money 5.713.725                -               -               -                  -        3.547.829                 -            -         9.261.554 Interbank call money
                Deposito berjangka       3.255.487            -               -               -                  -                -                 -            -         3.255.487        Time deposits
              Liabilitas atas efek-efek                                                                                                                                              Securities sold under
                yang dijual dengan                                                                                                                                                         agreements to
                janji dibeli kembali    32.671.051             -              -                -               -                  -                 -            -        32.671.051 repurchase liabilities
              Liabilitas derivatif       6.414.612           672             31           96.580              30             17.476                 -           20         6.529.421     Derivative payable
              Liabilitas akseptasi       3.080.537       255.283          2.869           54.769               -            366.435                 -       40.036         3.799.929 Acceptance payables
              Efek-efek yang                                                                                                                                                                 Debt securities
                diterbitkan             17.676.520             -                 -             -                 -                  -               -                -    17.676.520                issued
              Beban yang masih
                harus dibayar            1.366.463         1.247         49.275              138            140              42.149               58         6.906         1.466.376     Accrued expenses
              Liabilitas lain-lain         599.223        26.618        153.625           42.659         19.647             391.407            2.719        60.220         1.296.118        Other liabilities
              Pinjaman yang diterima 97.213.556                -              -                -              -                   -                -             -        97.213.556      Fund borrowings
              Pinjaman dan                                                                                                                                                              Subordinated loans
                efek-efek                                                                                                                                                                 and marketable
                subordinasi                104.015             -                 -             -                 -                  -               -                -       104.015           securities

              Total liabilitas       428.091.833       4.949.322      2.119.593        5.496.747       422.988            7.395.470          253.054       287.863       449.016.870        Total liabilities

              Laporan posisi                                                                                                                                                              Net statement of
               keuangan bersih          19.450.435     8.188.964      1.404.730          551.966      1.216.710              70.637        1.395.377     1.230.271        33.509.090   financial position

              Rekening
               administratif                                                                                                                                                                Administrative
               bersih                   17.859.719    (7.472.470)    (1.337.325)        (638.533)    (1.210.033)            486.186       (1.380.114)   (1.068.819)        5.238.611      accounts - net




                                                                                           450
Page 1465
                                                                                            The original consolidated financial statements
                                                                                          included herein are in the Indonesian language.

          PT BANK MANDIRI (PERSERO) Tbk                                            PT BANK MANDIRI (PERSERO) Tbk
              DAN ENTITAS ANAKNYA                                                        AND ITS SUBSIDIARIES
        CATATAN ATAS LAPORAN KEUANGAN                                               NOTES TO THE CONSOLIDATED
                   KONSOLIDASIAN                                                        FINANCIAL STATEMENTS
         Tanggal 31 Desember 2025 dan untuk                                          As of 31 December 2025 and for
        Tahun Berakhir pada Tanggal Tersebut                                            for the Year Then Ended
           (Disajikan dalam jutaan Rupiah,                                          (Expressed in millions of Rupiah,
               kecuali dinyatakan lain)                                                 unless otherwise stated)

62. MANAJEMEN RISIKO (lanjutan)                                       62. RISK MANAGEMENT (continued)
   B.    Risiko pasar dan risiko likuiditas (lanjutan)                   B.   Market risk and liquidity risk (continued)
   (iv) Manajemen risiko nilai tukar (lanjutan)                          (iv) Foreign exchange risk management (continued)
         b.    Saldo aset dan liabilitas moneter dalam mata                   b.   The balance of monetary assets and liabilities
               uang asing adalah sebagai berikut:                                  in foreign currencies are as follows:
                                                             31 Desember 2025/
                                                             31 December 2025

                                                  Ekuivalen Rupiah        Mata uang asing
                                                   (dalam jutaan)/         (dalam ribuan)/
                                                  Rupiah equivalent      Foreign currencies
                                                      (in million)          (in thousand)

              Aset                                                                                                                   Assets
              Kas                                                                                                                      Cash
                Dolar Amerika Serikat                       1.689.981                101.348                        United States Dollar
                Dolar Singapura                               276.815                 21.351                             Singapore Dollar
                Euro Eropa                                    373.434                 19.081                              European Euro
                Dolar Australia                               330.111                 29.600                             Australian Dollar
                Yen Jepang                                     65.795                617.793                               Japanese Yen
                Pound Sterling Inggris                         30.690                  1.368                 Great Britain Pound Sterling
                Yuan China                                      3.041                  1.275                               Chinese Yuan
                Lain-lain                                     439.853                 31.816                                       Others

                                                            3.209.720                823.632
              Giro pada                                                                                             Current accounts with
                 Bank Indonesia                                                                                         Bank Indonesia
                 Dolar Amerika Serikat                     18.737.295               1.123.676                        United States Dollar

              Giro pada                                                                                             Current accounts with
                 bank lain                                                                                                   other banks
                 Dolar Amerika Serikat                     39.201.743               2.350.929                        United States Dollar
                 Euro Eropa                                 6.630.289                 338.774                             European Euro
                 Yen Jepang                                 4.461.066              41.887.944                              Japanese Yen
                 Yuan China                                 4.431.280               1.858.197                              Chinese Yuan
                 Dolar Singapura                            1.938.399                 149.510                            Singapore Dollar
                 Pound Sterling Inggris                       714.096                  31.823                Great Britain Pound Sterling
                 Dolar Australia                              305.901                  27.430                            Australian Dollar
                 Lain-lain                                  3.046.495                 395.013                                      Others

                                                           60.729.269              47.039.620
              Penempatan pada                                                                                             Placement with
                Bank Indonesia dan bank lain                                                            Bank Indonesia and other banks
                Dolar Amerika Serikat                      30.277.690               1.815.754                       United States Dollar
                Yuan China                                    811.639                 340.350                            Chinese Yuan

                                                           31.089.329               2.156.104
              Efek-efek                                                                                             Marketable securities
                 Dolar Amerika Serikat                     27.198.421               1.631.091                       United States Dollar
                 Dolar Singapura                              785.333                  60.573                          Singapore Dollar
                 Yuan China                                   128.784                  54.004                            Chinese Yuan
                 Yen Jepang                                 4.272.997              40.122.038                            Japanese Yen

                                                           32.385.535              41.867.706
              Obligasi pemerintah                                                                                     Government bonds
                Dolar Amerika Serikat                      50.311.415               3.017.176                       United States Dollar
                Euro Eropa                                    690.935                  35.303                            European Euro
                Yen Jepang                                    265.597               2.493.869                            Japanese Yen
                Dolar Australia                                 2.788                     250                       Australian Dollar

                                                           51.270.735               5.546.598
              Tagihan lainnya - transaksi                                                                        Other receivables - trade
                perdagangan                                                                                                 transactions
                Dolar Amerika Serikat                      12.110.898                726.291                        United States Dollar
                Euro Eropa                                    246.134                 12.576                              European Euro
                Yuan China                                    321.237                134.706                               Chinese Yuan
                Pound Sterling Inggris                         65.579                  2.922                 Great Britain Pound Sterling
                Yen Jepang                                    101.085                949.155                               Japanese Yen
                Dolar Singapura                                25.680                  1.981                             Singapore Dollar
                Lain-lain                                     119.601                  7.172                                      Others

                                                           12.990.214               1.834.803




                                                               451
Page 1466
                                                                                             The original consolidated financial statements
                                                                                           included herein are in the Indonesian language.

          PT BANK MANDIRI (PERSERO) Tbk                                            PT BANK MANDIRI (PERSERO) Tbk
              DAN ENTITAS ANAKNYA                                                        AND ITS SUBSIDIARIES
        CATATAN ATAS LAPORAN KEUANGAN                                               NOTES TO THE CONSOLIDATED
                   KONSOLIDASIAN                                                        FINANCIAL STATEMENTS
         Tanggal 31 Desember 2025 dan untuk                                          As of 31 December 2025 and for
        Tahun Berakhir pada Tanggal Tersebut                                            for the Year Then Ended
           (Disajikan dalam jutaan Rupiah,                                          (Expressed in millions of Rupiah,
               kecuali dinyatakan lain)                                                 unless otherwise stated)

62. MANAJEMEN RISIKO (lanjutan)                                       62. RISK MANAGEMENT (continued)

   B.    Risiko pasar dan risiko likuiditas (lanjutan)                   B.   Market risk and liquidity risk (continued)

   (iv) Manajemen risiko nilai tukar (lanjutan)                          (iv) Foreign exchange risk management (continued)

         b.    Saldo aset dan liabilitas moneter dalam mata                   b.    The balance of monetary assets and liabilities
               uang asing adalah sebagai berikut: (lanjutan)                        in foreign currencies are as follows: (continued)

                                                             31 Desember 2025/
                                                             31 December 2025

                                                  Ekuivalen Rupiah        Mata uang asing
                                                   (dalam jutaan)/         (dalam ribuan)/
                                                  Rupiah equivalent      Foreign currencies
                                                      (in million)          (in thousand)

              Aset (lanjutan)                                                                                              Assets (continued)
              Tagihan derivatif                                                                                       Derivative receivables
                Dolar Amerika Serikat                       6.136.746                  368.021                        United States Dollar
                Euro Eropa                                      4.283                      219                              European Euro
                Dolar Singapura                                   297                       23                             Singapore Dollar
                Yuan China                                     15.333                    6.430                               Chinese Yuan
                Pound Sterling Inggris                          3.600                      160                 Great Britain Pound Sterling
                Yen Jepang                                      2.017                   18.939                               Japanese Yen
                Dolar Australia                                   967                       87                        Australian Dollar

                                                            6.163.243                 393.879
              Kredit yang diberikan dan                                                                                      Loan and sharia
                piutang/pembiayaan syariah                                                                                  loan/financing
                Dolar Amerika Serikat                     318.939.286               19.126.794                        United States Dollar
                Yuan China                                  8.183.357                3.431.580                               Chinese Yuan
                Euro Eropa                                  5.781.666                  295.413                              European Euro
                Dolar Singapura                             1.550.163                  119.565                             Singapore Dollar
                Dolar Australia                             2.155.845                  193.310                             Australian Dollar
                Pound Sterling Inggris                        688.120                   30.665                 Great Britain Pound Sterling

                                                          337.298.437               23.197.327
              Tagihan akseptasi                                                                                     Acceptance receivables
                Dolar Amerika Serikat                       3.231.641                 193.802                         United States Dollar
                Yuan China                                    623.143                 261.307                               Chinese Yuan
                Euro Eropa                                    146.656                   7.493                              European Euro
                Yen Jepang                                     16.442                 154.385                              Japanese Yen
                Dolar Singapura                                 2.136                     165                            Singapore Dollar
                Lain-lain                                      61.572                   3.692                                      Others

                                                            4.081.590                 620.844
              Aset lain-lain                                                                                                    Other assets
                Dolar Amerika Serikat                       4.368.855                 262.001                         United States Dollar
                Euro Eropa                                     94.723                   4.840                               European Euro
                Yuan China                                     43.906                  18.412                                Chinese Yuan
                Dolar Australia                                 8.406                     754                              Australian Dollar
                Dolar Singapura                                 8.723                     673                              Singapore Dollar
                Pound Sterling Inggris                         10.295                     459                  Great Britain Pound Sterling
                Yen Jepang                                        844                   7.925                                Japanese Yen
                Lain-lain                                         106                       6                                        Others
                                                            4.535.858                 295.070
              Total aset                                  562.491.225              124.899.259                                   Total assets

              Liabilitas                                                                                                            Liabilities
              Simpanan dari nasabah                                                                               Deposits from customers
                 Giro dan                                                                                           Demand deposits and
                    giro wadiah                                                                               wadiah demand deposits
                    Dolar Amerika Serikat                 166.820.298               10.004.216                     United States Dollar
                    Euro Eropa                              4.408.139                  225.233                           European Euro
                    Yuan China                              3.619.995                1.517.996                             Chinese Yuan
                    Dolar Singapura                           726.410                   56.028                          Singapore Dollar
                    Yen Jepang                                411.816                3.866.817                            Japanese Yen
                    Dolar Australia                           107.284                    9.620                          Australian Dollar
                    Pound Sterling Inggris                     16.848                      751              Great Britain Pound Sterling
                    Lain-lain                                 776.595                  208.433                                    Others
                                                          176.887.385              15.889.094




                                                               452
Page 1467
                                                                                            The original consolidated financial statements
                                                                                          included herein are in the Indonesian language.

          PT BANK MANDIRI (PERSERO) Tbk                                            PT BANK MANDIRI (PERSERO) Tbk
              DAN ENTITAS ANAKNYA                                                        AND ITS SUBSIDIARIES
        CATATAN ATAS LAPORAN KEUANGAN                                               NOTES TO THE CONSOLIDATED
                   KONSOLIDASIAN                                                        FINANCIAL STATEMENTS
         Tanggal 31 Desember 2025 dan untuk                                          As of 31 December 2025 and for
        Tahun Berakhir pada Tanggal Tersebut                                            for the Year Then Ended
           (Disajikan dalam jutaan Rupiah,                                          (Expressed in millions of Rupiah,
               kecuali dinyatakan lain)                                                 unless otherwise stated)

62. MANAJEMEN RISIKO (lanjutan)                                       62. RISK MANAGEMENT (continued)
   B.    Risiko pasar dan risiko likuiditas (lanjutan)                   B.   Market risk and liquidity risk (continued)
   (iv) Manajemen risiko nilai tukar (lanjutan)                          (iv) Foreign exchange risk management (continued)

         b.    Saldo aset dan liabilitas moneter dalam mata                   b.   The balance of monetary assets and liabilities
               uang asing adalah sebagai berikut: (lanjutan)                       in foreign currencies are as follows: (continued)
                                                             31 Desember 2025/
                                                             31 December 2025

                                                  Ekuivalen Rupiah        Mata uang asing
                                                   (dalam jutaan)/         (dalam ribuan)/
                                                  Rupiah equivalent      Foreign currencies
                                                      (in million)          (in thousand)

              Liabilitas (lanjutan)                                                                                  Liabilities (continued)
              Simpanan dari nasabah (lanjutan)                                                        Deposits from customers (continued)
                 Tabungan dan                                                                                       Saving deposits and
                    tabungan wadiah                                                                           wadiah saving deposits
                    Dolar Amerika Serikat                  41.542.031               2.491.277                     United States Dollar
                    Yen Jepang                              7.879.437              73.985.324                           Japanese Yen
                    Dolar Singapura                         1.339.055                 103.282                         Singapore Dollar
                    Euro Eropa                                997.906                  50.988                          European Euro
                    Dolar Australia                           198.222                  17.774                         Australian Dollar
                    Pound Sterling Inggris                    177.059                   7.890             Great Britain Pound Sterling
                    Yuan China                                630.204                 264.268                              Chinese Yuan
                    Lain-lain                                 216.929                  19.519                                   Others
                                                           52.980.843              76.940.322
                Deposito berjangka                                                                                          Time deposits
                  Dolar Amerika Serikat                    55.461.040               3.325.999                     United States Dollar
                  Dolar Singapura                           1.042.130                  80.380                          Singapore Dollar
                  Yuan China                                1.663.650                 697.629                             Chinese Yuan
                  Yen Jepang                                   38.110                 357.840                            Japanese Yen
                  Euro Eropa                                   29.366                   1.500                           European Euro
                  Dolar Australia                              24.592                   2.205                          Australian Dollar
                  Pound Sterling Inggris                        1.975                      88              Great Britain Pound Sterling
                  Lain-lain                                    52.608                  24.557                                    Others

                                                           58.313.471               4.490.198
              Simpanan dari bank lain                                                                          Deposits from other banks
                Giro,                                                                                                 Demand deposits,
                   giro wadiah dan                                                                       wadiah demand deposits and
                   tabungan                                                                                           saving deposits
                   Dolar Amerika Serikat                    2.117.104                129.963                      United States Dollar
                   Dolar Singapura                              1.765                    136                         Singapore Dollar
                   Yuan China                                   8.270                  3.468                            Chinese Yuan
                   Yen Jepang                                     432                  4.056                           Japanese Yen
                   Euro Eropa                                     399                     20                           European Euro
                   Lain-lain                                       44                      3                                   Others

                                                            2.128.014                137.646
                Interbank call money                                                                               Interbank call money
                   Yuan China                                                                                           Chinese Yuan
                   Dolar Amerika Serikat                    2.501.250                 150.000                     United States Dollar
                   Yuan China                               5.512.632               2.311.647                           Chinese Yuan

                                                            8.013.882               2.461.647
                Deposito berjangka                                                                                         Time deposits
                  Dolar Amerika Serikat                     4.237.324                254.112                      United States Dollar

              Liabilitas atas efek-efek                                                                                     Securities sold
                 yang dijual dengan                                                                                  under agreements
                 janji dibeli kembali                                                                                     to repurchase
                 Dolar Amerika Serikat                     38.154.501               2.288.126                        United States Dollar

              Liabilitas derivatif                                                                                     Derivative payables
                 Dolar Amerika Serikat                      5.987.560                359.074                        United States Dollar
                 Yen Jepang                                    58.470                549.014                               Japanese Yen
                 Euro Eropa                                     8.841                    452                              European Euro
                 Dolar Singapura                                  902                     70                             Singapore Dollar
                 Pound Sterling Inggris                            19                      1                 Great Britain Pound Sterling
                 Yuan China                                     2.632                  1.104                               Chinese Yuan
                 Dolar Australia                                  833                     50                             Australian Dollar

                                                            6.059.257                909.765




                                                               453
Page 1468
                                                                                             The original consolidated financial statements
                                                                                           included herein are in the Indonesian language.

          PT BANK MANDIRI (PERSERO) Tbk                                            PT BANK MANDIRI (PERSERO) Tbk
              DAN ENTITAS ANAKNYA                                                        AND ITS SUBSIDIARIES
        CATATAN ATAS LAPORAN KEUANGAN                                               NOTES TO THE CONSOLIDATED
                   KONSOLIDASIAN                                                        FINANCIAL STATEMENTS
         Tanggal 31 Desember 2025 dan untuk                                          As of 31 December 2025 and for
        Tahun Berakhir pada Tanggal Tersebut                                            for the Year Then Ended
           (Disajikan dalam jutaan Rupiah,                                          (Expressed in millions of Rupiah,
               kecuali dinyatakan lain)                                                 unless otherwise stated)

62. MANAJEMEN RISIKO (lanjutan)                                       62. RISK MANAGEMENT (continued)

   B.    Risiko pasar dan risiko likuiditas (lanjutan)                   B.   Market risk and liquidity risk (continued)

   (iv) Manajemen risiko nilai tukar (lanjutan)                          (iv) Foreign exchange risk management (continued)

         b.     Saldo aset dan liabilitas moneter dalam mata                  b.    The balance of monetary assets and liabilities
                uang asing adalah sebagai berikut: (lanjutan)                       in foreign currencies are as follows: (continued)

                                                             31 Desember 2025/
                                                             31 December 2025

                                                  Ekuivalen Rupiah        Mata uang asing
                                                   (dalam jutaan)/         (dalam ribuan)/
                                                  Rupiah equivalent      Foreign currencies
                                                      (in million)          (in thousand)

              Liabilitas (lanjutan)                                                                                   Liabilities (continued)
              Liabilitas akseptasi                                                                                    Acceptance payables
                 Dolar Amerika Serikat                      3.231.641                 193.802                         United States Dollar
                 Yuan China                                   623.143                 261.307                               Chinese Yuan
                 Euro Eropa                                   146.656                   7.493                              European Euro
                 Yen Jepang                                    16.442                 154.385                              Japanese Yen
                 Dolar Singapura                                2.136                     165                            Singapore Dollar
                 Lain-lain                                     61.572                   3.692                                       Others

                                                            4.081.590                 620.844
              Efek - efek yang diterbitkan                                                                           Debt securities issued
                 Dolar Amerika Serikat                     23.277.310                1.395.941                        United States Dollar

              Beban yang masih harus dibayar                                                                             Accrued expenses
                Dolar Amerika Serikat                       1.430.892                  85.811                        United States Dollar
                Dolar Singapura                                46.911                   3.618                             Singapore Dollar
                Yuan China                                     54.540                  22.871                                Chinese Yuan
                Euro Eropa                                     16.413                     839                              European Euro
                Dolar Australia                                   150                      13                             Australian Dollar
                Yen Jepang                                        143                   1.343                               Japanese Yen
                Pound Sterling Inggris                             55                       2                 Great Britain Pound Sterling
                Lain-lain                                       8.351                   3.898                                       Others

                                                            1.557.455                 118.395

              Liabilitas lain-lain                                                                                           Other liabilities
                 Dolar Amerika Serikat                      1.098.957                  65.905                        United States Dollar
                 Yuan China                                   267.133                 112.018                               Chinese Yuan
                 Dolar Singapura                              152.978                  11.799                             Singapore Dollar
                 Euro Eropa                                    10.586                     541                              European Euro
                 Dolar Australia                                6.477                     581                             Australian Dollar
                 Pound Sterling Inggris                         1.956                      87                 Great Britain Pound Sterling
                 Yen Jepang                                    17.581                 165.080                               Japanese Yen
                 Lain-lain                                    125.850                  30.870                                       Others

                                                            1.681.518                 386.881

              Pinjaman yang diterima                                                                                      Fund borrowings
                 Dolar Amerika Serikat                    128.631.210                7.714.016                         United States Dollar

              Pinjaman dan efek-efek                                                                               Subordinated loans and
                 subordinasi                                                                                       marketable securities
                 Dolar Amerika Serikat                         90.112                    5.404                       United States Dollar

              Total liabilitas                            506.093.872              113.609.391                               Total liabilities




                                                               454
Page 1469
                                                                                            The original consolidated financial statements
                                                                                          included herein are in the Indonesian language.

          PT BANK MANDIRI (PERSERO) Tbk                                            PT BANK MANDIRI (PERSERO) Tbk
              DAN ENTITAS ANAKNYA                                                        AND ITS SUBSIDIARIES
        CATATAN ATAS LAPORAN KEUANGAN                                               NOTES TO THE CONSOLIDATED
                   KONSOLIDASIAN                                                        FINANCIAL STATEMENTS
         Tanggal 31 Desember 2025 dan untuk                                          As of 31 December 2025 and for
        Tahun Berakhir pada Tanggal Tersebut                                            for the Year Then Ended
           (Disajikan dalam jutaan Rupiah,                                          (Expressed in millions of Rupiah,
               kecuali dinyatakan lain)                                                 unless otherwise stated)

62. MANAJEMEN RISIKO (lanjutan)                                       62. RISK MANAGEMENT (continued)

   B.    Risiko pasar dan risiko likuiditas (lanjutan)                   B.   Market risk and liquidity risk (continued)

   (iv) Manajemen risiko nilai tukar (lanjutan)                          (iv) Foreign exchange risk management (continued)

         b.    Saldo aset dan liabilitas moneter dalam mata                   b.   The balance of monetary assets and liabilities
               uang asing adalah sebagai berikut: (lanjutan)                       in foreign currencies are as follows: (continued)

                                                            31 Desember 2024/
                                                            31 December 2024

                                                  Ekuivalen Rupiah        Mata uang asing
                                                   (dalam jutaan)/         (dalam ribuan)/
                                                  Rupiah equivalent      Foreign currencies
                                                      (in million)          (in thousand)

              Aset                                                                                                                   Assets
              Kas                                                                                                                      Cash
                Dolar Amerika Serikat                       2.336.137                145.147                        United States Dollar
                Euro Eropa                                    306.836                 18.310                              European Euro
                Dolar Australia                               273.072                 27.270                             Australian Dollar
                Dolar Singapura                               231.324                 19.530                             Singapore Dollar
                Yen Jepang                                     67.744                657.517                               Japanese Yen
                Pound Sterling Inggris                         31.811                  1.573                 Great Britain Pound Sterling
                Yuan China                                      5.379                  2.439                               Chinese Yuan
                Lain-lain                                     435.539                 32.537                                       Others

                                                            3.687.842                904.323
              Giro pada                                                                                             Current accounts with
                 Bank Indonesia                                                                                         Bank Indonesia
                 Dolar Amerika Serikat                     13.738.349                853.579                         United States Dollar

              Giro pada                                                                                             Current accounts with
                 bank lain                                                                                                   other banks
                 Dolar Amerika Serikat                     29.598.431               1.838.983                        United States Dollar
                 Euro Eropa                                 5.920.871                 353.314                             European Euro
                 Yen Jepang                                 5.858.813              56.865.117                              Japanese Yen
                 Yuan China                                 1.784.098                 809.118                              Chinese Yuan
                 Pound Sterling Inggris                     1.048.389                  51.853                Great Britain Pound Sterling
                 Dolar Singapura                              905.392                  76.439                            Singapore Dollar
                 Dolar Australia                              229.755                  22.945                            Australian Dollar
                 Lain-lain                                    918.300                  81.519                                      Others

                                                           46.264.049              60.099.288
              Penempatan pada                                                                                              Placement with
                Bank Indonesia dan bank lain                                                            Bank Indonesia and other banks
                Dolar Amerika Serikat                      30.350.296               1.885.697                       United States Dollar
                Yuan China                                    201.757                  91.500                             Chinese Yuan
                Dolar Singapura                                35.889                   3.030                           Singapore Dollar
                Lain-lain                                     105.729                  51.000                                    Others

                                                           30.693.671               2.031.227
              Efek-efek                                                                                             Marketable securities
                 Dolar Amerika Serikat                     24.727.200               1.536.329                       United States Dollar
                 Dolar Singapura                              644.529                  54.416                          Singapore Dollar
                 Yuan China                                    73.676                  33.413                            Chinese Yuan
                 Yen Jepang                                    10.385                 100.796                                 Japanese

                                                           25.455.790               1.724.954
              Obligasi pemerintah                                                                                    Government bonds
                Dolar Amerika Serikat                      50.464.201               3.135.396                       United States Dollar
                Euro Eropa                                  1.138.143                  67.916                            European Euro

                                                           51.602.344               3.203.312
              Tagihan lainnya - transaksi                                                                        Other receivables - trade
                perdagangan                                                                                                 transactions
                Dolar Amerika Serikat                      11.446.140                711.161                        United States Dollar
                Yuan China                                    152.884                 69.335                               Chinese Yuan
                Euro Eropa                                     85.543                  5.105                              European Euro
                Pound Sterling Inggris                         40.038                  1.980                 Great Britain Pound Sterling
                Dolar Singapura                                30.726                  2.594                             Singapore Dollar
                Yen Jepang                                     11.585                112.443                               Japanese Yen
                Lain-lain                                      18.321                  1.138                                      Others

                                                           11.785.237                903.756



                                                               455
Page 1470
                                                                                            The original consolidated financial statements
                                                                                          included herein are in the Indonesian language.

          PT BANK MANDIRI (PERSERO) Tbk                                            PT BANK MANDIRI (PERSERO) Tbk
              DAN ENTITAS ANAKNYA                                                        AND ITS SUBSIDIARIES
        CATATAN ATAS LAPORAN KEUANGAN                                               NOTES TO THE CONSOLIDATED
                   KONSOLIDASIAN                                                        FINANCIAL STATEMENTS
         Tanggal 31 Desember 2025 dan untuk                                          As of 31 December 2025 and for
        Tahun Berakhir pada Tanggal Tersebut                                            for the Year Then Ended
           (Disajikan dalam jutaan Rupiah,                                          (Expressed in millions of Rupiah,
               kecuali dinyatakan lain)                                                 unless otherwise stated)

62. MANAJEMEN RISIKO (lanjutan)                                       62. RISK MANAGEMENT (continued)

   B.    Risiko pasar dan risiko likuiditas (lanjutan)                   B.   Market risk and liquidity risk (continued)

   (iv) Manajemen risiko nilai tukar (lanjutan)                          (iv) Foreign exchange risk management (continued)

         b.    Saldo aset dan liabilitas moneter dalam mata                   b.   The balance of monetary assets and liabilities
               uang asing adalah sebagai berikut: (lanjutan)                       in foreign currencies are as follows: (continued)

                                                            31 Desember 2024/
                                                            31 December 2024

                                                  Ekuivalen Rupiah        Mata uang asing
                                                   (dalam jutaan)/         (dalam ribuan)/
                                                  Rupiah equivalent      Foreign currencies
                                                      (in million)          (in thousand)

              Aset (lanjutan)                                                                                             Assets (continued)
              Tagihan derivatif                                                                                      Derivative receivables
                Dolar Amerika Serikat                       6.530.888                405.771                         United States Dollar
                Euro Eropa                                     26.749                  1.596                               European Euro
                Yuan China                                     23.694                 10.746                                Chinese Yuan
                Yen Jepang                                     13.091                127.060                                Japanese Yen
                Pound Sterling Inggris                          2.515                    124                  Great Britain Pound Sterling
                Dolar Australia                                    42                      4                              Australian Dollar
                Dolar Singapura                                     4                      -                              Singapore Dollar
                Lain-lain                                         133                      8                                        Others

                                                            6.597.116                545.309
              Kredit yang diberikan dan                                                                                     Loan and sharia
                piutang/pembiayaan syariah                                                                                 loan/financing
                Dolar Amerika Serikat                     271.899.002              16.893.383                        United States Dollar
                Euro Eropa                                  5.309.651                 316.840                              European Euro
                Yuan China                                  4.829.413               2.190.220                               Chinese Yuan
                Dolar Singapura                             1.662.946                 140.397                             Singapore Dollar
                Dolar Australia                             1.130.626                 112.910                             Australian Dollar
                Pound Sterling Inggris                        516.849                  25.563                 Great Britain Pound Sterling
                Yen Jepang                                     32.067                 311.239                               Japanese Yen

                                                          285.380.554              19.990.552
              Tagihan akseptasi                                                                                    Acceptance receivables
                Dolar Amerika Serikat                       3.080.537                191.397                         United States Dollar
                Yuan China                                    366.435                166.184                               Chinese Yuan
                Euro Eropa                                    255.283                 15.233                              European Euro
                Yen Jepang                                     54.769                531.583                              Japanese Yen
                Dolar Singapura                                 2.869                    242                            Singapore Dollar
                Lain-lain                                      40.036                  2.487                                      Others

                                                            3.799.929                907.126
              Aset lain-lain                                                                                                   Other assets
                Dolar Amerika Serikat                       3.371.087                209.450                         United States Dollar
                Euro Eropa                                     95.210                  5.681                               European Euro
                Yuan China                                     28.771                 13.048                                Chinese Yuan
                Dolar Singapura                                10.644                    898                              Singapore Dollar
                Pound Sterling Inggris                          8.829                    437                  Great Britain Pound Sterling
                Dolar Australia                                 6.203                    619                              Australian Dollar
                Yen Jepang                                        259                  2.514                                Japanese Yen
                Lain-lain                                          76                     13                                        Others
                                                            3.521.079                232.660
              Total aset                                  482.525.960              91.396.086                                   Total assets

              Liabilitas                                                                                                           Liabilities
              Simpanan dari nasabah                                                                              Deposits from customers
                 Giro dan                                                                                          Demand deposits and
                    giro wadiah                                                                              wadiah demand deposits
                    Dolar Amerika Serikat                 177.865.251              11.050.963                     United States Dollar
                    Euro Eropa                              4.164.814                 248.525                           European Euro
                    Yuan China                              2.199.676                 997.590                            Chinese Yuan
                    Yen Jepang                              1.479.829              14.363.088                            Japanese Yen
                    Dolar Singapura                           601.942                  50.820                          Singapore Dollar
                    Dolar Australia                           154.963                  15.475                          Australian Dollar
                    Pound Sterling Inggris                     68.938                   3.410              Great Britain Pound Sterling
                    Lain-lain                                 100.613                   8.996                                    Others
                                                          186.636.026              26.738.867




                                                               456
Page 1471
                                                                                            The original consolidated financial statements
                                                                                          included herein are in the Indonesian language.

          PT BANK MANDIRI (PERSERO) Tbk                                            PT BANK MANDIRI (PERSERO) Tbk
              DAN ENTITAS ANAKNYA                                                        AND ITS SUBSIDIARIES
        CATATAN ATAS LAPORAN KEUANGAN                                               NOTES TO THE CONSOLIDATED
                   KONSOLIDASIAN                                                        FINANCIAL STATEMENTS
         Tanggal 31 Desember 2025 dan untuk                                          As of 31 December 2025 and for
        Tahun Berakhir pada Tanggal Tersebut                                            for the Year Then Ended
           (Disajikan dalam jutaan Rupiah,                                          (Expressed in millions of Rupiah,
               kecuali dinyatakan lain)                                                 unless otherwise stated)

62. MANAJEMEN RISIKO (lanjutan)                                       62. RISK MANAGEMENT (continued)

   B.    Risiko pasar dan risiko likuiditas (lanjutan)                   B.   Market risk and liquidity risk (continued)

   (iv) Manajemen risiko nilai tukar (lanjutan)                          (iv) Foreign exchange risk management (continued)

         b.    Saldo aset dan liabilitas moneter dalam mata                   b.   The balance of monetary assets and liabilities
               uang asing adalah sebagai berikut: (lanjutan)                       in foreign currencies are as follows: (continued)

                                                            31 Desember 2024/
                                                            31 December 2024

                                                  Ekuivalen Rupiah        Mata uang asing
                                                   (dalam jutaan)/         (dalam ribuan)/
                                                  Rupiah equivalent      Foreign currencies
                                                      (in million)          (in thousand)

              Liabilitas (lanjutan)                                                                                  Liabilities (continued)
              Simpanan dari nasabah (lanjutan)                                                        Deposits from customers (continued)
                 Tabungan dan                                                                                       Saving deposits and
                    tabungan wadiah                                                                           wadiah saving deposits
                    Dolar Amerika Serikat                  39.539.856               2.456.656                     United States Dollar
                    Yen Jepang                              3.786.159              36.748.122                           Japanese Yen
                    Dolar Singapura                           702.088                  59.275                         Singapore Dollar
                    Euro Eropa                                480.402                  28.667                          European Euro
                    Dolar Australia                           217.302                  21.701                         Australian Dollar
                    Pound Sterling Inggris                    179.728                   8.889             Great Britain Pound Sterling
                    Yuan China                                 53.919                  24.453                           Chinese Yuan
                    Lain-lain                                  44.900                   8.234                                   Others
                                                           45.004.354              39.355.997
                Deposito berjangka                                                                                          Time deposits
                  Dolar Amerika Serikat                    37.559.481               2.333.612                     United States Dollar
                  Dolar Singapura                             608.155                  51.345                          Singapore Dollar
                  Yuan China                                  776.103                 351.976                            Chinese Yuan
                  Yen Jepang                                   36.194                 351.296                            Japanese Yen
                  Euro Eropa                                   19.941                   1.190                           European Euro
                  Dolar Australia                              30.906                   3.086                          Australian Dollar
                  Pound Sterling Inggris                        1.611                      80              Great Britain Pound Sterling
                  Lain-lain                                    35.125                  16.943                                    Others
                                                           39.067.516               3.109.528
              Simpanan dari bank lain                                                                          Deposits from other banks
                Giro,                                                                                                 Demand deposits,
                   giro wadiah, dan                                                                      wadiah demand deposits and
                   tabungan                                                                                           saving deposits
                   Dolar Amerika Serikat                    5.032.056                312.647                      United States Dollar
                   Dolar Singapura                              1.608                    136                         Singapore Dollar
                   Yuan China                                     476                    216                            Chinese Yuan
                   Yen Jepang                                     419                  4.067                           Japanese Yen
                   Euro Eropa                                     345                     21                           European Euro
                   Lain-lain                                       43                      3                                   Others

                                                            5.034.947                317.090
                Interbank call money                                                                               Interbank call money
                   Dolar Amerika Serikat                    5.713.725                 355.000                     United States Dollar
                   Yuan China                               3.547.829               1.609.000                           Chinese Yuan

                                                            9.261.554               1.964.000
                Deposito berjangka                                                                                         Time deposits
                  Dolar Amerika Serikat                     3.255.487                202.267                      United States Dollar

              Liabilitas atas efek-efek                                                                                     Securities sold
                 yang dijual dengan                                                                                  under agreements
                 janji dibeli kembali                                                                                     to repurchase
                 Dolar Amerika Serikat                     32.671.051               2.029.888                        United States Dollar

              Liabilitas derivatif                                                                                    Derivative payables
                 Dolar Amerika Serikat                      6.414.612                398.547                         United States Dollar
                 Yen Jepang                                    96.580                937.397                              Japanese Yen
                 Yuan China                                    17.476                  7.926                               Chinese Yuan
                 Euro Eropa                                       672                     40                              European Euro
                 Dolar Australia                                   30                      3                            Australian Dollar
                 Dolar Singapura                                   31                      3                            Singapore Dollar
                 Lain-lain                                         20                      1                                      Others

                                                            6.529.421               1.343.917


                                                               457
Page 1472
                                                                                            The original consolidated financial statements
                                                                                          included herein are in the Indonesian language.

          PT BANK MANDIRI (PERSERO) Tbk                                            PT BANK MANDIRI (PERSERO) Tbk
              DAN ENTITAS ANAKNYA                                                        AND ITS SUBSIDIARIES
        CATATAN ATAS LAPORAN KEUANGAN                                               NOTES TO THE CONSOLIDATED
                   KONSOLIDASIAN                                                        FINANCIAL STATEMENTS
         Tanggal 31 Desember 2025 dan untuk                                          As of 31 December 2025 and for
        Tahun Berakhir pada Tanggal Tersebut                                            for the Year Then Ended
           (Disajikan dalam jutaan Rupiah,                                          (Expressed in millions of Rupiah,
               kecuali dinyatakan lain)                                                 unless otherwise stated)

62. MANAJEMEN RISIKO (lanjutan)                                       62. RISK MANAGEMENT (continued)

   B.    Risiko pasar dan risiko likuiditas (lanjutan)                   B.   Market risk and liquidity risk (continued)

   (iv) Manajemen risiko nilai tukar (lanjutan)                          (iv) Foreign exchange risk management (continued)

         b.     Saldo aset dan liabilitas moneter dalam mata                  b.   The balance of monetary assets and liabilities
                uang asing adalah sebagai berikut: (lanjutan)                      in foreign currencies are as follows: (continued)

                                                            31 Desember 2024/
                                                            31 December 2024

                                                  Ekuivalen Rupiah        Mata uang asing
                                                   (dalam jutaan)/         (dalam ribuan)/
                                                  Rupiah equivalent      Foreign currencies
                                                      (in million)          (in thousand)

              Liabilitas (lanjutan)                                                                                  Liabilities (continued)
              Liabilitas akseptasi                                                                                   Acceptance payables
                 Dolar Amerika Serikat                      3.080.537                191.397                         United States Dollar
                 Yuan China                                   366.435                166.184                               Chinese Yuan
                 Euro Eropa                                   255.283                 15.233                              European Euro
                 Yen Jepang                                    54.769                531.583                              Japanese Yen
                 Dolar Singapura                                2.869                    242                            Singapore Dollar
                 Lain-lain                                     40.036                  2.487                                       Others

                                                            3.799.929                907.126
              Efek - efek yang diterbitkan                                                                          Debt securities issued
                 Dolar Amerika Serikat                     17.676.520               1.098.262                        United States Dollar

              Beban yang masih harus dibayar                                                                            Accrued expenses
                Dolar Amerika Serikat                       1.366.463                 84.900                        United States Dollar
                Dolar Singapura                                49.275                  4.160                             Singapore Dollar
                Yuan China                                     42.149                 19.115                                Chinese Yuan
                Dolar Hong Kong                                 6.897                  3.327                           Hong Kong Dollar
                Euro Eropa                                      1.247                     74                              European Euro
                Yen Jepang                                        138                  1.339                               Japanese Yen
                Pound Sterling Inggris                             58                      3                 Great Britain Pound Sterling
                Dolar Australia                                   140                     14                             Australian Dollar
                Lain-lain                                           9                      1                                       Others

                                                            1.466.376                112.933
              Liabilitas lain-lain                                                                                          Other liabilities
                 Dolar Amerika Serikat                        599.223                 37.231                        United States Dollar
                 Yuan China                                   391.407                177.509                               Chinese Yuan
                 Dolar Singapura                              153.625                 12.970                             Singapore Dollar
                 Yen Jepang                                    42.659                414.044                               Japanese Yen
                 Euro Eropa                                    26.618                  1.589                              European Euro
                 Dolar Australia                               19.647                  1.962                             Australian Dollar
                 Pound Sterling Inggris                         2.719                    134                 Great Britain Pound Sterling
                 Lain-lain                                     60.220                  6.713                                       Others

                                                            1.296.118                652.152
              Pinjaman yang diterima                                                                                     Fund borrowings
                 Dolar Amerika Serikat                     97.213.556               6.039.985                        United States Dollar

              Pinjaman dan efek-efek                                                                              Subordinated loans and
                 subordinasi                                                                                      marketable securities
                 Dolar Amerika Serikat                        104.015                  6.463                        United States Dollar

              Total liabilitas                            449.016.870              83.878.475                               Total liabilities




                                                               458
Page 1473
                                                                                         The original consolidated financial statements
                                                                                       included herein are in the Indonesian language.

          PT BANK MANDIRI (PERSERO) Tbk                                          PT BANK MANDIRI (PERSERO) Tbk
              DAN ENTITAS ANAKNYA                                                      AND ITS SUBSIDIARIES
        CATATAN ATAS LAPORAN KEUANGAN                                             NOTES TO THE CONSOLIDATED
                   KONSOLIDASIAN                                                      FINANCIAL STATEMENTS
         Tanggal 31 Desember 2025 dan untuk                                        As of 31 December 2025 and for
        Tahun Berakhir pada Tanggal Tersebut                                          for the Year Then Ended
           (Disajikan dalam jutaan Rupiah,                                        (Expressed in millions of Rupiah,
               kecuali dinyatakan lain)                                               unless otherwise stated)

62. MANAJEMEN RISIKO (lanjutan)                                     62. RISK MANAGEMENT (continued)

   B.    Risiko pasar dan risiko likuiditas (lanjutan)                 B.   Market risk and liquidity risk (continued)

   (iv) Manajemen risiko nilai tukar (lanjutan)                        (iv) Foreign exchange risk management (continued)

         c.   Sensitivitas terhadap laba bersih                             c.   Sensitivity to net income

              Tabel di bawah ini mengikhtisarkan sensitivitas                    The table below shows the sensitivity of Bank
              laba bersih Bank Mandiri atas perubahan nilai                      Mandiri’s net income to movement of foreign
              tukar mata uang asing yaitu:                                       exchange rates:

                                                  Peningkatan 5%/        Penurunan 5%/
                                                  Increased by 5%       Decreased by 5%
              31 Desember 2025                                                                                      31 December 2025
              Menambah/(mengurangi)                                                                                Increase/(decrease)
                 laba bersih                                118.207               (118.207)                              net income

                                                  Peningkatan 5%/        Penurunan 5%/
                                                  Increased by 5%       Decreased by 5%
              31 Desember 2024                                                                                      31 December 2024
              Menambah/(mengurangi)                                                                                Increase/(decrease)
                 laba bersih                                (84.975)                84.975                               net income

              Proyeksi di atas hanya mengasumsikan                                The projection above assumes only changes in
              perubahan nilai tukar mata uang asing Dolar                         foreign currency exchange rate of US Dollar
              Amerika Serikat sedangkan nilai tukar mata                          while other foreign exchange rates remain
              uang asing lainnya tidak berubah. Dolar                             unchanged. US Dollars is the major foreign
              Amerika Serikat merupakan komponen                                  exchange rate held by the Bank. The projection
              terbesar mata uang asing yang dimiliki Bank.                        also assumes that all other variables are held
              Proyeksi dalam hal ini juga mengasumsikan                           constant at reporting date.
              bahwa seluruh variabel lainnya adalah
              konstan pada tanggal pelaporan keuangan.

   (v) Nilai wajar aset dan liabilitas keuangan                        (v) Fair value of financial assets and liabilities

         Penilaian/valuasi juga merupakan komponen                          Valuation is also an important component to
         penting yang dibutuhkan untuk mengelola hampir                     manage most risks in banking industry including
         semua risiko perbankan termasuk risiko pasar,                      market risk, credit risk and liquidity risk. Valuation
         risiko kredit dan risiko likuiditas. Proses valuasi                process is performed for all trading book position
         dilakukan atas seluruh posisi trading book                         including marketable securities owned by the
         termasuk efek-efek yang dimiliki Grup dalam                        Group’s portfolio measured at fair value through
         portofolio diukur pada nilai wajar melalui                         other comprehensive income.
         penghasilan komprehensif lain.
         Tabel di bawah ini menganalisis instrumen                          The table below shows analysis of financial
         keuangan yang dicatat pada nilai wajar                             instruments carried at fair value based on method of
         berdasarkan      tingkatan   metode   penilaian.                   valuation levels. The difference at each level of
         Perbedaan pada setiap tingkatan metode                             assessment methods is described as follows:
         penilaian dijelaskan sebagai berikut:
             Harga kuotasian (tidak disesuaikan) dari                          Quoted prices (not adjusted) from active market
              pasar yang aktif untuk aset atau liabilitas yang                   for asset or liability which are the same/identical
              identik (Tingkat 1);                                               (Level 1);
             Input selain harga yang kuotasian dari pasar                      Inputs other than quoted market prices included
              yang disertakan pada Tingkat 1 yang dapat                          in Level 1 that are observable for the asset and
              diobservasi untuk aset dan liabilitas, baik                        liability, either directly (as a price) or indirectly
              secara langsung (yaitu sebagai sebuah                              (derived from prices) (Level 2);
              harga) atau secara tidak langsung (yaitu
              sebagai turunan dari harga) (Tingkat 2);
             Input untuk aset atau liabilitas yang tidak                       Inputs for the asset or liability that are not based
              didasarkan pada data pasar yang dapat                              on observable market data (unobservable
              diobservasi (informasi yang tidak dapat                            information) (Level 3).
              diobservasi) (Tingkat 3).

                                                             459
Page 1474
                                                                                                               The original consolidated financial statements
                                                                                                             included herein are in the Indonesian language.

          PT BANK MANDIRI (PERSERO) Tbk                                                               PT BANK MANDIRI (PERSERO) Tbk
              DAN ENTITAS ANAKNYA                                                                           AND ITS SUBSIDIARIES
        CATATAN ATAS LAPORAN KEUANGAN                                                                  NOTES TO THE CONSOLIDATED
                   KONSOLIDASIAN                                                                           FINANCIAL STATEMENTS
         Tanggal 31 Desember 2025 dan untuk                                                             As of 31 December 2025 and for
        Tahun Berakhir pada Tanggal Tersebut                                                               for the Year Then Ended
           (Disajikan dalam jutaan Rupiah,                                                             (Expressed in millions of Rupiah,
               kecuali dinyatakan lain)                                                                    unless otherwise stated)

62. MANAJEMEN RISIKO (lanjutan)                                                     62. RISK MANAGEMENT (continued)

   B.    Risiko pasar dan risiko likuiditas (lanjutan)                                   B.      Market risk and liquidity risk (continued)

   (v) Nilai wajar aset dan liabilitas keuangan (lanjutan)                               (v) Fair value of financial assets and liabilities
                                                                                             (continued)

         Tabel berikut menyajikan aset dan liabilitas Grup                                       The table below shows the Group’s assets and
         yang diukur sebesar nilai wajar:                                                        liabilities that are measured at fair value:

                                                                        31 Desember 2025/31 December 2025

                                                                                        Nilai wajar/Fair value

                                              Nilai tercatat /   Tingkat 1/         Tingkat 2/          Tingkat 3/
                                              Carrying value      Level 1            Level 2             Level 3           Total

        Aset yang diukur sebesar                                                                                                              Assets measured at
          nilai wajar                                                                                                                                    fair value
         Efek-efek                                                                                                                           Marketable securities
           Diukur pada nilai wajar melalui                                                                                                    Fair value through
              laba rugi                            62.993.300       52.596.196         10.397.104                    -      62.993.300            profit or loss
           Diukur pada nilai wajar melalui                                                                                              Fair value through other
              penghasilan komprehensif lain        55.199.153       22.272.019         32.927.134                    -      55.199.153 comprehensive income
         Obligasi pemerintah                                                                                                                   Government bonds
           Diukur pada nilai wajar melalui                                                                                                    Fair value through
              laba rugi                            33.687.479       31.458.904          2.228.575                    -      33.687.479            profit or loss
           Diukur pada nilai wajar melalui                                                                                              Fair value through other
              penghasilan komprehensif lain      106.034.349        87.899.905         18.134.444                    -     106.034.349 comprehensive income
          Kredit yang diberikan dan                                                                                                              Loans and sharia
           piutang/pembiayaan syariah                                                                                                      receivables/financing
           Diukur pada nilai wajar melalui                                                                                              Fair value through other
              penghasilan komprehensif lain         7.287.028                -                  -            7.287.028       7.287.028 comprehensive income
          Tagihan derivatif                         7.277.675                -          7.277.675                    -       7.277.675      Derivative receivables
          Penyertaan saham                          1.930.234           11.735                  -            1.918.499       1.930.234      Investments in shares
        Liabilitas yang diukur sebesar                                                                                                   Liabilities measured at
          nilai wajar                                                                                                                                  fair value
         Liabilitas derivatif                       6.841.621                 -         6.841.621                    -       6.841.621       Derivative payables

                                                                        31 Desember 2024/31 December 2024

                                                                                        Nilai wajar/Fair value

                                              Nilai tercatat /   Tingkat 1/         Tingkat 2/          Tingkat 3/
                                              Carrying value      Level 1            Level 2             Level 3           Total

        Aset yang diukur sebesar                                                                                                              Assets measured at
          nilai wajar                                                                                                                                    fair value
         Efek-efek                                                                                                                           Marketable securities
           Diukur pada nilai wajar melalui                                                                                                    Fair value through
              laba rugi                            18.188.560       17.386.563            801.997                    -      18.188.560            profit or loss
           Diukur pada nilai wajar melalui                                                                                              Fair value through other
              penghasilan komprehensif lain        20.796.893        2.663.221         18.133.672                    -      20.796.893 comprehensive income
         Obligasi pemerintah                                                                                                                   Government bonds
           Diukur pada nilai wajar melalui                                                                                                    Fair value through
              laba rugi                             6.962.445        6.844.756            117.689                    -       6.962.445            profit or loss
           Diukur pada nilai wajar melalui                                                                                              Fair value through other
              penghasilan komprehensif lain        46.345.877       46.345.877                    -                  -      46.345.877 comprehensive income
          Kredit yang diberikan dan                                                                                                              Loans and sharia
           piutang/pembiayaan syariah                                                                                                      receivables/financing
           Diukur pada nilai wajar melalui                                                                                              Fair value through other
              penghasilan komprehensif lain         5.462.851                -                  -            5.462.851       5.462.851 comprehensive income
          Tagihan derivatif                         7.761.508                -          7.761.508                    -       7.761.508      Derivative receivables
          Penyertaan saham                          1.966.608          678.712          1.267.899               19.997       1.966.608      Investments in shares
        Liabilitas yang diukur sebesar                                                                                                   Liabilities measured at
          nilai wajar                                                                                                                                  fair value
         Liabilitas derivatif                       7.336.998                 -         7.336.998                    -       7.336.998       Derivative payables


         Pada tanggal 31 Desember 2025 dan 2024, untuk                                           As of 31 December 2025 and 2024, assets and
         aset dan liabilitas yang dimiliki pada akhir tahun                                      liabilities held at the end of the reporting year are
         laporan diukur pada nilai wajar secara berulang,                                        measured at fair value on a recurring basis. The
         Bank dan Entitas Anak tidak memiliki transfer                                           Bank and its Subsidiaries have no transfers
         antara Tingkat 1 dan Tingkat 2 dari hierarki. Selain                                    between Level 1 and Level 2 of the hierarchy. In
         itu pada posisi tanggal yang sama, tidak terdapat                                       addition at the same date, there is no Marketable
         Surat Berharga yang masuk ke dalam Tingkat 3.                                           Securities included in Level 3.

         Nilai    wajar    instrumen     keuangan     yang                                       The fair value of financial instruments traded in active
         diperdagangkan dalam pasar aktif (misalnya efek                                         markets (such as marketable securities which are
         yang diukur pada nilai wajar melalui laba rugi dan                                      measured at fair value through profit or loss and fair
         nilai wajar melalui penghasilan komprehensif lain)                                      value through other comprehensive income) was
         ditentukan berdasarkan harga pasar kuotasian                                            determined based on quoted market prices at the
         pada tanggal pelaporan.                                                                 reporting date.



                                                                              460
Page 1475
                                                                                                          The original consolidated financial statements
                                                                                                        included herein are in the Indonesian language.

          PT BANK MANDIRI (PERSERO) Tbk                                                         PT BANK MANDIRI (PERSERO) Tbk
              DAN ENTITAS ANAKNYA                                                                     AND ITS SUBSIDIARIES
        CATATAN ATAS LAPORAN KEUANGAN                                                            NOTES TO THE CONSOLIDATED
                   KONSOLIDASIAN                                                                     FINANCIAL STATEMENTS
         Tanggal 31 Desember 2025 dan untuk                                                       As of 31 December 2025 and for
        Tahun Berakhir pada Tanggal Tersebut                                                         for the Year Then Ended
           (Disajikan dalam jutaan Rupiah,                                                       (Expressed in millions of Rupiah,
               kecuali dinyatakan lain)                                                              unless otherwise stated)

62. MANAJEMEN RISIKO (lanjutan)                                                62. RISK MANAGEMENT (continued)

   B.    Risiko pasar dan risiko likuiditas (lanjutan)                              B.      Market risk and liquidity risk (continued)

   (v) Nilai wajar aset dan liabilitas keuangan (lanjutan)                          (v) Fair value of financial assets and liabilities
                                                                                        (continued)

         Suatu pasar dianggap aktif apabila informasi                                       A market is considered active if the information
         mengenai kuotasian dapat dengan mudah dan                                          regarding price quotations can be easily obtained and
         secara berkala tersedia dari suatu bursa,                                          regularly available from an exchange, securities
         pedagang efek, atau broker, kelompok penilai                                       dealer or broker, the market price of a particular
         harga pasar industri tertentu, regulator dan harga-                                industry assessors, regulators and those price
         harga tersebut mencerminkan transaksi pasar                                        reflects actual and regular market transactions at a
         yang aktual dan reguler pada tingkat yang wajar.                                   fair value. Quoted market price for financial assets
         Harga pasar kuotasian untuk aset keuangan yang                                     owned by the Group are using current offering price.
         dimiliki Grup adalah harga penawaran sekarang.                                     These instruments are included in Level 1. The
         Instrumen-instrumen tersebut termasuk dalam                                        instruments included in Level 1 generally include
         Tingkat 1. Instrumen yang termasuk dalam Tingkat                                   investments in shares in IDX and debt securities
         1 umumnya meliputi investasi ekuitas dan surat                                     classified as held for trading and fair value through
         hutang terdaftar di Bursa Efek Indonesia yang                                      other comprehensive income.
         diklasifikasikan sebagai surat berharga yang
         diukur pada nilai wajar melalui laba rugi dan nilai
         wajar melalui penghasilan komprehensif lain.

         Nilai wajar instrumen keuangan yang tidak                                          The fair value of financial instruments that are not
         diperdagangkan pada pasar aktif (meliputi derivatif                                traded in an active market (include over-the-counter
         over the counter dan obligasi pemerintah yang                                      derivatives and inactive government bonds) are
         tidak aktif) ditentukan dengan teknik penilaian                                    determined by internal valuation techniques.
         internal.

         Teknik-teknik penilaian tersebut memaksimumkan                                     The valuation techniques maximise the use of
         penggunaan data pasar yang dapat diobservasi                                       observable market data when available and as far as
         dan sedapat mungkin meminimalisir penggunaan                                       possible to minimise the use of specific estimates of
         estimasi yang bersifat spesifik dari entitas. Seluruh                              the entity. If all the inputs needed to determine the fair
         input yang dibutuhkan untuk menentukan nilai                                       value of financial instruments are observable from
         wajar instrumen keuangan dapat diobservasi dari                                    market, therefore the instrument is included in Level
         pasar, oleh karena itu instrumen tersebut                                          2. Instead, if one or more data is not based on
         termasuk dalam Tingkat 2. Sebaliknya, jika salah                                   observable market data, these instrument are
         satu atau lebih data tidak didasarkan pada data                                    included in Level 3.
         pasar yang dapat diobservasi, instrumen ini
         termasuk dalam Tingkat 3.

         Nilai tercatat dari aset dan liabilitas keuangan                                   The carrying value of the Bank’s financial assets
         Bank Mandiri memiliki nilai yang hampir sama                                       and liabilities approximates their fair value except for
         dengan nilai wajarnya kecuali untuk instrumen                                      the following financial instruments:
         berikut:
                                                                   31 Desember 2025/31 December 2025

                                                                                   Nilai wajar/Fair value

                                         Nilai tercatat /   Tingkat 1/         Tingkat 2/          Tingkat 3/
                                         Carrying value      Level 1            Level 2             Level 3           Total


        Aset yang disajikan sebesar                                                                                                   Assets disclosed at
         nilai wajar                                                                                                                             fair value
         Efek-efek*)                                                                                                                 Marketable securities*)
           Diukur pada biaya perolehan
             diamortisasi                      4.567.465        3.054.399          1.507.210                    -       4.561.609       At amortised cost
           Diukur pada biaya perolehan         1.997.673                -          1.997.673                    -       1.997.673                 At cost
         Obligasi pemerintah*)                                                                                                         Government bonds*)
           Diukur pada biaya perolehan
             diamortisasi                   137.907.775       138.085.633                  -                    -     138.085.633        At amortised cost
           Diukur pada biaya perolehan       15.187.944                 -         15.187.944                    -      15.187.944                   At cost
         Kredit yang diberikan dan                                                                                                         Loans and sharia
           piutang/pembiayaan syariah      1.794.647.181                 -      442.370.983         1.352.290.726    1.794.661.709   receivables/financing
         Piutang pembiayaan                                                                                                             Consumer financing
           konsumen                           39.813.630                 -        36.472.769                    -      36.472.769              receivables
         Investasi bersih dalam                                                                                                               Net investment
           sewa pembiayaan                     4.018.753                 -         3.822.543                    -       3.822.543           finance leases

                                                                         461
Page 1476
                                                                                                                 The original consolidated financial statements
                                                                                                               included herein are in the Indonesian language.

          PT BANK MANDIRI (PERSERO) Tbk                                                                 PT BANK MANDIRI (PERSERO) Tbk
              DAN ENTITAS ANAKNYA                                                                             AND ITS SUBSIDIARIES
        CATATAN ATAS LAPORAN KEUANGAN                                                                    NOTES TO THE CONSOLIDATED
                   KONSOLIDASIAN                                                                             FINANCIAL STATEMENTS
         Tanggal 31 Desember 2025 dan untuk                                                               As of 31 December 2025 and for
        Tahun Berakhir pada Tanggal Tersebut                                                                 for the Year Then Ended
           (Disajikan dalam jutaan Rupiah,                                                               (Expressed in millions of Rupiah,
               kecuali dinyatakan lain)                                                                      unless otherwise stated)

62. MANAJEMEN RISIKO (lanjutan)                                                      62. RISK MANAGEMENT (continued)

   B.    Risiko pasar dan risiko likuiditas (lanjutan)                                    B.      Market risk and liquidity risk (continued)

   (v) Nilai wajar aset dan liabilitas keuangan (lanjutan)                                (v) Fair value of financial assets and liabilities
                                                                                              (continued)

         Nilai tercatat dari aset dan liabilitas keuangan                                         The carrying value of the Bank’s financial assets
         Bank Mandiri memiliki nilai yang hampir sama                                             and liabilities approximates their fair value except for
         dengan nilai wajarnya kecuali untuk instrumen                                            the following financial instruments:
         berikut:

                                                                         31 Desember 2025/31 December 2025

                                                                                         Nilai wajar/Fair value

                                            Nilai tercatat /      Tingkat 1/         Tingkat 2/           Tingkat 3/
                                            Carrying value         Level 1            Level 2              Level 3               Total


        Liabilitas yang disajikan sebesar                                                                                                      Liabilities disclosed at
          nilai wajar                                                                                                                                        fair value
          Efek-efek yang diterbitkan            62.205.231                     -       62.851.830                      -         62.851.830     Debt securities issued
          Pinjaman yang diterima               154.672.422                     -      153.805.872                      -        153.805.872           Fund borrowings
          Pinjaman dan efek-efek                                                                                                               Subordinated loans and
             subordinasi                            189.778                    -           192.618                     -            192.618    marketable securities


                                                                         31 Desember 2024/31 December 2024

                                                                                         Nilai wajar/Fair value

                                            Nilai tercatat /      Tingkat 1/         Tingkat 2/           Tingkat 3/
                                            Carrying value         Level 1            Level 2              Level 3               Total


        Aset yang disajikan sebesar                                                                                                               Assets disclosed at
         nilai wajar                                                                                                                                         fair value
         Efek-efek*)                                                                                                                             Marketable securities*)
           Diukur pada biaya perolehan
             diamortisasi                         8.938.993           7.114.298          1.832.588                     -           8.946.886        At amortised cost
           Diukur pada biaya perolehan            3.231.978                   -          3.231.978                     -           3.231.978                  At cost
         Obligasi pemerintah*)                                                                                                                     Government bonds*)
           Diukur pada biaya perolehan
             diamortisasi                      153.035.870                     -      153.220.759                      -        153.220.759         At amortised cost
           Diukur pada biaya perolehan          22.560.953                     -       22.560.953                      -         22.560.953                    At cost
         Kredit yang diberikan dan                                                                                                                    Loans and sharia
           piutang/pembiayaan syariah         1.568.399.116                    -      425.920.051          1.140.427.108       1.566.347.159    receivables/financing
         Piutang pembiayaan                                                                                                                        Consumer financing
           konsumen                              40.638.953                    -        38.855.572                     -          38.855.572              receivables
         Investasi bersih dalam                                                                                                                          Net investment
           sewa pembiayaan                        5.653.739                    -         5.376.317                     -           5.376.317           finance leases

        Liabilitas yang disajikan sebesar                                                                                                      Liabilities disclosed at
          nilai wajar                                                                                                                                        fair value
          Efek-efek yang diterbitkan            41.141.067                     -       41.820.420                      -         41.820.420      Debt securities issued
          Pinjaman yang diterima               147.915.981                     -      146.931.089                      -        146.931.089           Fund borrowings
          Pinjaman dan efek-efek                                                                                                               Subordinated loans and
           subordinasi                              403.562                    -           403.562                     -            403.562     marketable securities

         *)                                                                                       *)
               Efek-efek dan obligasi pemerintah yang dimiliki Entitas Anak sesuai                      Marketable securities and government bonds owned by Subsidiary in
               dengan PSAK 410 “Akuntansi Sukuk”.                                                       accordance with SFAS 410 “Accounting for Sukuk”.


         (i)    Giro pada Bank Indonesia, giro pada bank                                          (i)    Current accounts with Bank Indonesia, current
                lain, penempatan pada Bank Indonesia dan                                                 accounts with other banks, placement with
                bank lain, tagihan lainnya - transaksi                                                   Bank Indonesia and other banks, other
                perdagangan, tagihan atas efek-efek yang                                                 receivables - trading transactions, securities
                dibeli dengan janji dijual kembali, tagihan                                              purchased under agreements to resell,
                akseptasi dan aset lain-lain                                                             acceptance receivables and other assets

                Penempatan pada Bank Indonesia dan bank                                                 Placements with Bank Indonesia and other
                lain merupakan penanaman dana dalam                                                     banks represent placements in the form of
                bentuk deposit facility, FASBI syariah, call                                            deposit facility, sharia FASBI, call money, fixed-
                money, penempatan “fixed term”, deposito                                                term placements, time deposits and others.
                berjangka dan lain-lain.



                                                                               462
Page 1477
                                                                                         The original consolidated financial statements
                                                                                       included herein are in the Indonesian language.

          PT BANK MANDIRI (PERSERO) Tbk                                           PT BANK MANDIRI (PERSERO) Tbk
              DAN ENTITAS ANAKNYA                                                       AND ITS SUBSIDIARIES
        CATATAN ATAS LAPORAN KEUANGAN                                              NOTES TO THE CONSOLIDATED
                   KONSOLIDASIAN                                                       FINANCIAL STATEMENTS
         Tanggal 31 Desember 2025 dan untuk                                         As of 31 December 2025 and for
        Tahun Berakhir pada Tanggal Tersebut                                           for the Year Then Ended
           (Disajikan dalam jutaan Rupiah,                                         (Expressed in millions of Rupiah,
               kecuali dinyatakan lain)                                                unless otherwise stated)

62. MANAJEMEN RISIKO (lanjutan)                                     62. RISK MANAGEMENT (continued)

   B.    Risiko pasar dan risiko likuiditas (lanjutan)                 B.   Market risk and liquidity risk (continued)

   (v) Nilai wajar aset dan liabilitas keuangan (lanjutan)             (v) Fair value of financial assets and liabilities
                                                                           (continued)

         (i)   Giro pada Bank Indonesia, giro pada bank                     (i)   Current accounts with Bank Indonesia, current
               lain, penempatan pada Bank Indonesia dan                           accounts with other banks, placement with
               bank lain, tagihan lainnya - transaksi                             Bank Indonesia and other banks, other
               perdagangan, tagihan atas efek-efek yang                           receivables - trading transactions, securities
               dibeli dengan janji dijual kembali, tagihan                        purchased under agreements to resell,
               akseptasi dan aset lain-lain (lanjutan)                            acceptance receivables and other assets
                                                                                  (continued)

               Nilai tercatat dari giro pada Bank Indonesia                       The carrying amount of current accounts with
               dan bank lain, penempatan overnight dengan                         Bank Indonesia and other banks, placements
               suku bunga mengambang adalah perkiraan                             and overnight deposits, which uses floating
               yang layak atas nilai wajar.                                       rate, is a reasonable approximation of fair
                                                                                  value.

               Estimasi nilai wajar terhadap penempatan                           The estimated fair value of fixed interest
               dengan suku bunga tetap, tagihan lainnya -                         bearing placements, other receiveables -
               transaksi perdagangan, tagihan atas efek-                          trading transactions, securities purchased
               efek yang dibeli dengan janji dijual kembali,                      under agreements to resell, acceptance
               tagihan akseptasi dan aset lain-lain                               receivables and other assets is based on
               ditetapkan berdasarkan diskonto arus kas                           discounted cash flows using prevailing money
               dengan menggunakan suku bunga pasar                                market interest rates for debts with similar
               uang yang berlaku untuk utang dengan risiko                        credit risk and remaining maturity. Since the
               kredit dan sisa jatuh tempo yang serupa.                           remaining maturity is below one year, the
               Dikarenakan sisa jatuh tempo di bawah satu                         carrying amount of fixed interest bearing
               tahun, nilai tercatat dari penempatan dengan                       placements, other receiveables - trading
               suku bunga tetap, tagihan lainnya - transaksi                      transactions, securities purchased under
               perdagangan, tagihan atas efek-efek yang                           agreements to resell, acceptance receivables
               dibeli dengan janji dijual kembali, tagihan                        and other assets is a reasonable approximation
               akseptasi dan aset lain-lain adalah perkiraan                      of fair value.
               yang layak atas nilai wajar.

         (ii) Efek-efek dan obligasi pemerintah (diukur                     (ii) Marketable securities and government bonds
              pada biaya perolehan dan biaya perolehan                           (measured at cost and amortised cost)
              diamortisasi)

               Nilai wajar untuk efek-efek dan obligasi                           The fair value for marketable securities and
               pemerintah yang diukur pada biaya perolehan                        goverment bonds measured at cost and
               dan biaya perolehan diamortisasi ditetapkan                        amortised cost is determined based on market
               berdasarkan harga pasar atau harga kuotasi                         prices or intermediary (broker)/dealer quotes. If
               perantara (broker)/pedagang efek (dealer).                         this information is not available, the fair value is
               Jika informasi ini tidak tersedia, nilai wajar                     estimated using market prices of similar credit,
               diestimasi dengan menggunakan harga pasar                          maturity and yield securities or evaluated using
               kuotasi efek yang memiliki karakteristik kredit,                   internal valuation methods.
               jatuh tempo dan yield yang serupa atau dinilai
               dengan menggunakan metode valuasi
               internal.




                                                              463
Page 1478
                                                                                        The original consolidated financial statements
                                                                                      included herein are in the Indonesian language.

          PT BANK MANDIRI (PERSERO) Tbk                                        PT BANK MANDIRI (PERSERO) Tbk
              DAN ENTITAS ANAKNYA                                                    AND ITS SUBSIDIARIES
        CATATAN ATAS LAPORAN KEUANGAN                                           NOTES TO THE CONSOLIDATED
                   KONSOLIDASIAN                                                    FINANCIAL STATEMENTS
         Tanggal 31 Desember 2025 dan untuk                                      As of 31 December 2025 and for
        Tahun Berakhir pada Tanggal Tersebut                                        for the Year Then Ended
           (Disajikan dalam jutaan Rupiah,                                      (Expressed in millions of Rupiah,
               kecuali dinyatakan lain)                                             unless otherwise stated)

62. MANAJEMEN RISIKO (lanjutan)                                     62. RISK MANAGEMENT (continued)

   B.    Risiko pasar dan risiko likuiditas (lanjutan)                 B.   Market risk and liquidity risk (continued)

   (v) Nilai wajar aset dan liabilitas keuangan (lanjutan)             (v) Fair value of financial assets and liabilities
                                                                           (continued)

         (iii) Kredit yang diberikan dan           piutang/                 (iii) Loans and sharia receivables/financing,
               pembiayaan syariah, piutang pembiayaan                             consumer financing receivables and net
               konsumen serta investasi bersih dalam sewa                         investment in finance leases
               pembiayaan

             Kredit        yang          diberikan        dan                   Loans and sharia receivables/financing,
             piutang/pembiayaan          syariah,     piutang                   consumer financing receivables and net
             pembiayaan konsumen serta investasi bersih                         Investment in finance leases are recorded at
             dalam     sewa      pembiayaan       dinyatakan                    carrying amount net of charges for impairment.
             berdasarkan jumlah nilai tercatat setelah                          The estimated fair value of loans and sharia
             dikurangi dengan penurunan nilai. Estimasi                         receivables/financing, consumer financing
             nilai wajar dari kredit yang diberikan dan                         receivables, and net investment in finance
             piutang/pembiayaan          syariah,     piutang                   leases represents the discounted amount of
             pembiayaan konsumen serta investasi bersih                         estimated future cash flows expected to be
             dalam sewa pembiayaan mencerminkan                                 received. The fair value of loans and sharia
             jumlah diskonto dari estimasi kini dari arus                       receivables/financing, consumer financing
             kas masa depan yang diharapkan akan                                receivables, and net investment in finance
             diterima. Nilai wajar dari kredit yang diberikan                   leases is determined by discounting the
             dan piutang/pembiayaan syariah, piutang                            expected future cash flows at current market
             pembiayaan konsumen serta investasi bersih                         interest rates.
             dalam sewa pembiayaan ditentukan dengan
             mendiskontokan arus kas yang diharapkan
             pada tingkat suku bunga pasar terkini.

         (iv) Simpanan dari nasabah dan simpanan dari                       (iv) Deposits from customers and other banks,
              bank lain, liabilitas atas efek-efek yang dijual                   securities sold under agreements to
              dengan janji dibeli kembali, liabilitas akseptasi                  repurchase, acceptance payables and other
              dan liabilitas lain-lain                                           liabilities

             Estimasi nilai wajar simpanan yang bisa                            The estimated fair value of deposits that can be
             ditarik kembali sewaktu-waktu, termasuk                            withdrawn at any time, includes non-interest
             simpanan tanpa bunga, adalah sebesar                               bearing    deposits,      is    the     payable
             jumlah terutang/nilai tercatat ketika utang                        amount/carrying amount when the payable is
             tersebut dibayarkan.                                               paid.

             Estimasi nilai wajar simpanan dengan tingkat                       The estimated fair value of fixed interest
             suku bunga tetap, liabilitas atas efek-efek                        bearing deposits, securities sold under
             yang dijual dengan janji dibeli kembali,                           agreements to repurchase, acceptance
             liabilitas akseptasi dan liabilitas lain-lain yang                 payables and other liabilities not quoted in an
             tidak memiliki kuotasi di pasar aktif ditetapkan                   active market is based on discounted cash
             berdasarkan diskonto arus kas dengan                               flows using interest rates for new debts with
             menggunakan suku bunga utang baru                                  similar remaining maturity. As the remaining
             dengan sisa jatuh tempo yang serupa.                               maturity is below one year, the carrying amount
             Dikarenakan sisa jatuh tempo di bawah satu                         of fixed interest bearing deposits, acceptance
             tahun, nilai tercatat dari simpanan dengan                         payables and other liabilities is a reasonable
             tingkat bunga tetap, liabilitas akseptasi dan                      approximation of fair value.
             liabilitas lain-lain adalah perkiraan yang layak
             atas nilai wajar.




                                                              464
Page 1479
                                                                                                   The original consolidated financial statements
                                                                                                 included herein are in the Indonesian language.

          PT BANK MANDIRI (PERSERO) Tbk                                                 PT BANK MANDIRI (PERSERO) Tbk
              DAN ENTITAS ANAKNYA                                                             AND ITS SUBSIDIARIES
        CATATAN ATAS LAPORAN KEUANGAN                                                    NOTES TO THE CONSOLIDATED
                   KONSOLIDASIAN                                                             FINANCIAL STATEMENTS
         Tanggal 31 Desember 2025 dan untuk                                               As of 31 December 2025 and for
        Tahun Berakhir pada Tanggal Tersebut                                                 for the Year Then Ended
           (Disajikan dalam jutaan Rupiah,                                               (Expressed in millions of Rupiah,
               kecuali dinyatakan lain)                                                      unless otherwise stated)

62. MANAJEMEN RISIKO (lanjutan)                                          62. RISK MANAGEMENT (continued)

   B.    Risiko pasar dan risiko likuiditas (lanjutan)                       B.    Market risk and liquidity risk (continued)

   (v) Nilai wajar aset dan liabilitas keuangan (lanjutan)                   (v) Fair value of financial assets and liabilities
                                                                                 (continued)

         (v) Efek-efek yang diterbitkan, pinjaman yang                             (v) Debt securities issued, fund borrowings and
             diterima dan pinjaman dan efek-efek                                       subordinated loans and marketable securities
             subordinasi

                 Nilai wajar agregat dihitung berdasarkan                                The aggregate fair values are calculated based
                 harga pasar kuotasi. Jika informasi ini tidak                           on quoted market prices. When information is
                 tersedia, model diskonto arus kas digunakan                             not available, a discounted cash flow model is
                 berdasarkan kurva yield terkini yang sesuai                             used based on the current yield curve
                 dengan sisa periode jatuh temponya.                                     appropriate for the remaining term to maturity.

   (vi) Value at Risk (VaR)                                                  (vi) Value at Risk (VaR)

         Dalam pelaksanaan pengelolaan risiko pasar                                The implementation of managing market risk of
         trading, Bank menerapkan prinsip segregation of                           trading, the Bank applies segregation of duties
         duties dengan cara melakukan pemisahan antara                             principle by separation of front office unit (conduct
         unit front office (melaksanakan transaksi trading),                       trading transaction), middle office unit (conduct
         unit middle office (melaksanakan proses                                   process of risk management as well as develop
         manajemen risiko serta menyusun kebijakan dan                             policies and procedures) and back office unit
         prosedur) dan unit back office (melaksanakan                              (conduct process of settlement transaction).
         proses settlement transaksi).

         Analisa risiko pasar atas aktivitas trading treasury                      Market risk analysis of trading treasury daily
         dilakukan      secara    harian       menggunakan                         activities using best practice approach by consider
         pendekatan sesuai best practice yang ada dan                              internal and external policies, such as through
         mengacu pada ketentuan internal dan eksternal                             calculation of VaR.
         yang berlaku, salah satunya melalui perhitungan
         VaR.

         VaR adalah potensi kerugian maksimum dari                                 VaR is the maximum potential loss from the Bank's
         posisi portofolio Bank (open position) dengan                             portfolio position (open position) with a certain
         confidence level dan holding period tertentu dalam                        confidence level and holding period under normal
         kondisi pasar yang normal. Metode perhitungan                             market conditions. The VaR calculation method
         VaR yang digunakan Bank yaitu metode Historical                           used by the Bank is the Historical Simulation
         Simulation yang tidak membutuhkan asumsi                                  method which does not require the assumption that
         bahwa pergerakan faktor pasar terdistribusi                               the movement of market factors is normally
         normal. Bank menghitung VaR berdasarkan 250                               distributed. The Bank calculates VaR based on 250
         hari data faktor pasar historis.                                          days of historical market factor data.

         Realisasi VaR (tidak diaudit) adalah sebagai                               VaR realisation (unaudited) are as follows:
         berikut:

                                                            31 Desember 2025/31 December 2025

                                               VaR              VaR                 VaR                 VaR
                                             Rata-rata/      Maksimum/            Minimum/           Akhir tahun/
                                             Average         Maximum              Minimum            End of year
                                               VaR              VaR                 VaR                 VaR


        Jenis risiko                                                                                                                   Type of risk
        Risiko suku bunga*)                        33.259           63.561              11.173                33.534              Interest rate risk*)
        Risiko nilai tukar                         28.355           61.741               2.423                45.257          Foreign exchange risk

        Total                                      38.127           69.331              14.587                42.358                            Total


         *)                                                                        *)
                Hanya posisi trading book.                                              Only trading book position.




                                                                 465
Page 1480
                                                                                                            The original consolidated financial statements
                                                                                                          included herein are in the Indonesian language.

          PT BANK MANDIRI (PERSERO) Tbk                                                        PT BANK MANDIRI (PERSERO) Tbk
              DAN ENTITAS ANAKNYA                                                                    AND ITS SUBSIDIARIES
        CATATAN ATAS LAPORAN KEUANGAN                                                           NOTES TO THE CONSOLIDATED
                   KONSOLIDASIAN                                                                    FINANCIAL STATEMENTS
         Tanggal 31 Desember 2025 dan untuk                                                      As of 31 December 2025 and for
        Tahun Berakhir pada Tanggal Tersebut                                                        for the Year Then Ended
           (Disajikan dalam jutaan Rupiah,                                                      (Expressed in millions of Rupiah,
               kecuali dinyatakan lain)                                                             unless otherwise stated)

62. MANAJEMEN RISIKO (lanjutan)                                               62. RISK MANAGEMENT (continued)

   B.     Risiko pasar dan risiko likuiditas (lanjutan)                            B.    Market risk and liquidity risk (continued)
   (vi) Value at Risk (VaR) (lanjutan)                                             (vi) Value at Risk (VaR) (continued)
          Realisasi VaR (tidak diaudit) adalah sebagai                                    VaR realisation              (unaudited)   are     as      follows:
          berikut: (lanjutan)                                                             (continued)
                                                                 31 Desember 2024/ 31 December 2024

                                                  VaR                VaR                  VaR                  VaR
                                                Rata-rata/        Maksimum/             Minimum/            Akhir tahun/
                                                Average           Maximum               Minimum             End of year
                                                  VaR                VaR                  VaR                  VaR

        Jenis risiko                                                                                                                              Type of risk
        Risiko suku bunga*)                           20.675              57.586                6.845                15.803                  Interest rate risk*)
        Risiko nilai tukar                            14.272              40.349                1.760                 8.948              Foreign exchange risk

        Total                                         24.019              58.801                7.571                22.164                                Total


         *)                                                                              *)
                 Hanya posisi trading book.                                                    Only trading book position

          Bank melakukan backtesting untuk memastikan                                    The Bank performs backtesting to ensure the
          keakuratan metode perhitungan VaR dalam                                        accuracy of the VaR calculation method in
          memprediksi laba/rugi aktivitas treasury. Metode                               predicting the profit/loss of treasury activities.
          backtesting dilakukan dengan membandingkan                                     Backtesting method compares the daily profit/loss
          laba/rugi harian dengan nilai VaR yang dihitung                                with the VaR calculated by the Bank.
          oleh Bank.
          Hasil backtesting tahun Desember 2025                                          Backtesting result for the year December 2025
          menunjukkan bahwa perhitungan VaR yang telah                                   shows that the VaR calculation has been performed
          dilakukan akurat, dimana tidak terdapat                                        accurately, where there are no irregularities of
          penyimpangan Laba/Rugi terhadap daily VaR                                      Profit/Loss to the daily VaR is still acceptable.
          masih dapat diterima.
   (vii) Manajemen kas                                                             (vii) Cash management

          Kas terdiri atas:                                                              Details of cash are as follows:
                                                      31 Desember 2025/                       31 Desember 2024/
                                                      31 December 2025                        31 December 2024

                                                   Jumlah                                Jumlah
                                                 ekuivalen                             ekuivalen
                                                  nosional                              nosional
                                                 mata uang                             mata uang
                                                    asing                                 asing
                                              (dalam ribuan)/                       (dalam ribuan)/
                                                  Notional                              Notional
                                                 amount of                             amount of
                                                   foreign                               foreign
                                                  currency                              currency
                                                 equivalent                            equivalent
                                              (in thousands)        Rupiah          (in thousands)            Rupiah
        Rupiah                                               -        30.647.501                      -          27.977.240                              Rupiah

        Mata uang asing                                                                                                                       Foreign currencies
           Dolar Amerika Serikat                     101.348           1.689.981              145.147             2.336.137            United States Dollar
           Dolar Singapura                            21.351             276.815               19.530               231.324                 Singapore Dollar
           Euro Eropa                                 19.081             373.434               18.310               306.836                  European Euro
           Dolar Australia                            29.600             330.111               27.270               273.072                 Australian Dollar
           Yen Jepang                                617.793              65.795              657.517                67.744                   Japanese Yen
           Pound Sterling Inggris                      1.368              30.690                1.573                31.811     Great Britain Pound Sterling
           Dolar Hong Kong                             6.240              13.368                6.286                13.031               Hong Kong Dollar
           Yuan China                                  1.275               3.041                2.439                 5.379                   Chinese Yuan
           Lain-lain                                  25.576             426.485               26.251               422.508                           Others

                                                     823.632          33.857.221              904.323           31.665.082



          Pada tanggal 31 Desember 2025 dan 2024 saldo                                   As of 31 December 2025 and 2024, the cash
          kas tersebut, sudah termasuk uang dalam mesin                                  balance, including money in ATM (Automatic Teller
          ATM (Anjungan Tunai Mandiri) serta kas dalam                                   Machine) and cash in transit for ATM amounted to
          perjalanan untuk ATM masing-masing sebesar                                     Rp7,578,538 and Rp7,138,793, respectively.
          Rp7.578.538 dan Rp7.138.793.

                                                                       466
Page 1481
                                                                                          The original consolidated financial statements
                                                                                        included herein are in the Indonesian language.

          PT BANK MANDIRI (PERSERO) Tbk                                         PT BANK MANDIRI (PERSERO) Tbk
              DAN ENTITAS ANAKNYA                                                     AND ITS SUBSIDIARIES
        CATATAN ATAS LAPORAN KEUANGAN                                            NOTES TO THE CONSOLIDATED
                   KONSOLIDASIAN                                                     FINANCIAL STATEMENTS
         Tanggal 31 Desember 2025 dan untuk                                       As of 31 December 2025 and for
        Tahun Berakhir pada Tanggal Tersebut                                         for the Year Then Ended
           (Disajikan dalam jutaan Rupiah,                                       (Expressed in millions of Rupiah,
               kecuali dinyatakan lain)                                              unless otherwise stated)

62. MANAJEMEN RISIKO (lanjutan)                                      62. RISK MANAGEMENT (continued)

   B.    Risiko pasar dan risiko likuiditas (lanjutan)                  B.   Market risk and liquidity risk (continued)

   (viii) Dampak Reformasi Acuan Suku Bunga                             (viii) Impact of Interest Rate Benchmark Reform

         a.   LIBOR                                                          a. LIBOR

              Pada tahun 2017, Financial Conduct Authority                      In 2017, the UK Financial Conduct Authority
              (FCA) Inggris mengumumkan rencana untuk                           (FCA) announced plans to stop using LIBOR by
              menghentikan penggunaan LIBOR pada akhir                          the end of 2020. In November 2020, the ICE
              tahun 2020. Pada November 2020, ICE                               Benchmark Administration (IBA) officially
              Benchmark        Administration       (IBA)                       announced plans to stop publishing the LIBOR
              mengumumkan secara resmi rencana untuk                            benchmark interest rate. In response to the latest
              menghentikan publikasi suku bunga acuan                           conditions, on 5 March 2021, FCA announced a
              LIBOR. Sebagai tanggapan atas kondisi                             plan to partially suspend the publication of the
              terbaru, pada tanggal 5 Maret 2021, FCA                           LIBOR benchmark interest rate by the IBA which
              mengumumkan         rencana     penundaan                         has held in 2 (two) stages as follows:
              sebagian penghentian publikasi suku bunga
              acuan LIBOR oleh IBA tersebut yang telah
              diadakan dalam 2 (dua) tahap sebagai
              berikut:

              1.   Pada tanggal 31 Desember 2021 untuk                          1.   As of 31 December 2021, the reference
                   suku bunga acuan LIBOR semua tenor                                interest rate is LIBOR for all tenors in GBP,
                   dalam mata uang GBP, EUR, CHF dan                                 EUR, CHF and JPY and in USD for 1 (one)
                   JPY serta dalam mata uang USD untuk                               week and 2 (two) months tenors.
                   tenor 1 (satu) minggu dan 2 (dua) bulan.
              2.   Pada tanggal 31 Desember 2023 untuk                          2.   On 31 December 2023, the reference
                   suku bunga acuan LIBOR dalam mata                                 interest rate is LIBOR in USD for the
                   uang USD untuk tenor overnight, 1                                 overnight tenor, 1 (one) month, 3 (three)
                   (satu) bulan, 3 (tiga) bulan, 6 (enam)                            months, 6 (six) months and 12 (twelve)
                   bulan dan 12 (dua belas) bulan.                                   months.

              Eksposur risiko Bank yang secara langsung                         The Bank's risk exposures that are directly
              terdampak dari reformasi acuan suku bunga                         affected by the interest rate benchmark reform
              terdiri dari portfolio kredit korporasi, transaksi                consist of a portfolio of corporate loans, derivative
              derivatif dan borrowing yang menggunakan                          transactions and borrowing using the USD
              suku bunga acuan USD LIBOR.                                       LIBOR benchmark interest rate.

              Saat ini Bank telah menggunakan suku bunga                        Currently, the Bank has used to use the Secured
              acuan Secured Overnight Financing Rate                            Overnight Financing Rate (SOFR) benchmark
              (SOFR) atau suku bunga acuan lain yang                            interest rate or other agreed benchmark interest
              disepakati untuk menggantikan suku bunga                          rate to replace the USD LIBOR benchmark
              acuan USD LIBOR. Terkait suku bunga acuan                         interest rate. Regarding the SOFR benchmark
              SOFR, terdapat beberapa perbedaan antara                          interest rate, there are several differences
              USD LIBOR dan SOFR. USD LIBOR adalah                              between USD LIBOR and SOFR. USD LIBOR is
              “term rate”, yang berarti USD LIBOR                               the “term rate”, which means that USD LIBOR is
              dipublikasikan untuk beberapa periode                             published for several loan periods (for example 3
              pinjaman (sebagai contoh 3 (tiga) bulanan                         (three) months or 6 (six) months) and is “forward
              atau 6 (enam) bulanan) dan bersifat “forward                      looking” (LIBOR is published at the beginning of
              looking” (LIBOR dipublikasikan pada awal                          the period), while SOFR is the rate “backward-
              periode), sedangkan SOFR merupakan suku                           looking” benchmark interest rate, based on the
              bunga acuan yang bersifat “backward                               overnight interest rate of actual transactions, and
              looking”, berdasarkan suku bunga overnight                        published at the end of the overnight period.
              dari transaksi actual, dan dipublikasikan pada
              akhir periode overnight.




                                                               467
Page 1482
                                                                                        The original consolidated financial statements
                                                                                      included herein are in the Indonesian language.

          PT BANK MANDIRI (PERSERO) Tbk                                        PT BANK MANDIRI (PERSERO) Tbk
              DAN ENTITAS ANAKNYA                                                    AND ITS SUBSIDIARIES
        CATATAN ATAS LAPORAN KEUANGAN                                           NOTES TO THE CONSOLIDATED
                   KONSOLIDASIAN                                                    FINANCIAL STATEMENTS
         Tanggal 31 Desember 2025 dan untuk                                      As of 31 December 2025 and for
        Tahun Berakhir pada Tanggal Tersebut                                        for the Year Then Ended
           (Disajikan dalam jutaan Rupiah,                                      (Expressed in millions of Rupiah,
               kecuali dinyatakan lain)                                             unless otherwise stated)

62. MANAJEMEN RISIKO (lanjutan)                                     62. RISK MANAGEMENT (continued)

   B.    Risiko pasar dan risiko likuiditas (lanjutan)                 B.   Market risk and liquidity risk (continued)

   (viii) Dampak Reformasi Acuan Suku Bunga (lanjutan)                 (viii) Impact of Interest Rate Benchmark Reform
                                                                              (continued)

         a.   LIBOR (lanjutan)                                              a. LIBOR (continued)

              Selain itu, LIBOR merupakan tingkat suku                          In addition, LIBOR is an interest rate that has
              bunga yang telah memperhitungkan credit                           taken into account credit spreads, while SOFR
              spread, sementara SOFR saat ini adalah suku                       is currently an almost risk free interest rate
              bunga yang hampir risk free berdasarkan                           based on US Treasury repurchase agreement
              transaksi pasar repurchase agreement (repo)                       (repo) market transactions.
              US Treasury.

              Untuk melakukan transisi atas kontrak dan                         In order to make the transition of contracts and
              perjanjian yang saat ini mengacu ke USD                           agreements that currently refer to USD LIBOR to
              LIBOR menjadi mengacu ke suku bunga acuan                         refer to the alternative benchmark interest rate
              alternatif (SOFR), diperlukan penyesuaian                         (SOFR), adjustments are needed to ensure that
              untuk memastikan bahwa kedua suku bunga                           the two benchmark interest rates are
              acuan tersebut secara ekonomis setara.                            economically equivalent.

              Dari segi manajemen risiko pasar, Bank telah                     In terms of market risk management, the Bank
              mengidentifikasi        dan     mengantisipasi                   has identified and anticipated changes that
              perubahan yang terjadi pada aspek - aspek                        occured in aspects including changes in market
              antara lain perubahan market data, yang                          data, which in turn will have an impact on the
              selanjutnya berdampak pada hasil perhitungan                     results of the mark to market calculation, VaR
              mark to market, perhitungan dan monitoring                       calculation    and monitoring, and           other
              VaR, dan perhitungan lain - lain terkait risiko                  calculations related to market risk. With regard to
              pasar. Terhadap perubahan-perubahan yang                         these changes, the Bank has made adjustments
              terjadi tersebut, Bank telah melakukan                           to the market risk management system and has
              penyesuaian pada sistem manajemen risiko                         reported system enhancement realisation to the
              pasar dan ketentuan internal terkait, serta telah                regulator. In 2024, all treasury derivative
              melaporkan realisasi enhancement pada                            transactions with USD currency have used USD
              sistem ke regulator. Pada tahun 2024, seluruh                    SOFR as benchmark interest rate.
              transaksi derivatif treasury dengan mata uang
              USD telah menggunakan USD SOFR sebagai
              suku bunga acuannya.
              Dalam hal kaitannya dengan risiko likuiditas,                    In terms of liquidity risk, changes in the LIBOR
              perubahan atas suku bunga acuan LIBOR                            benchmark interest rate to another alternative
              menjadi suku bunga acuan alternatif lain juga                    benchmark interest rate may also have an impact
              dapat berdampak pada kondisi likuiditas Bank.                    on the Bank's liquidity condition. In this case,
              Dalam hal ini, perubahan nominal pembayaran                      changes in the nominal payment of credit interest,
              bunga kredit, transaksi derivatif dan/atau bunga                 derivative transactions and/or loan interest may
              pinjaman dapat berpengaruh pada nilai arus                       affect the value of cash flows received or paid by
              kas yang diterima atau dibayarkan oleh Bank,                     the Bank, including those measured in the
              antara lain yang terukur dalam indikator                         Liquidity Coverage Ratio (LCR) and Net Stable
              Liquidity Coverage Ratio (LCR) dan Net Stable                    Funding Ratio (NSFR) indicators. However, this
              Funding Ratio (NSFR). Namun demikian,                            impact is not expected to significantly affect the
              dampak tersebut diperkirakan tidak signifikan                    Bank's overall liquidity condition.
              mempengaruhi kondisi likuiditas Bank secara
              keseluruhan.

              Sebagai bentuk mitigasi risiko pasar, per posisi                 As a form of market risk mitigation, as of
              31 Desember 2025 dan 2024, Bank telah                            31 December 2025 and 2024, the Bank has
              mengidentifikasi kebutuhan perubahan pada                        identified the need for changes to the information
              sistem informasi dan Bank telah melakukan                        system and the Bank has made adjustments to
              penyesuaian pada sistem tersebut. Bank juga                      the system. The Bank has also conducted studies
              telah melakukan kajian yang dibutuhkan dalam                     needed in the transition process related to the
              proses transisi terkait proses dan model valuasi                 process and model of the valuation of financial
              instrumen keuangan.                                              instruments.
                                                              468
Page 1483
                                                                                       The original consolidated financial statements
                                                                                     included herein are in the Indonesian language.

          PT BANK MANDIRI (PERSERO) Tbk                                       PT BANK MANDIRI (PERSERO) Tbk
              DAN ENTITAS ANAKNYA                                                   AND ITS SUBSIDIARIES
        CATATAN ATAS LAPORAN KEUANGAN                                          NOTES TO THE CONSOLIDATED
                   KONSOLIDASIAN                                                   FINANCIAL STATEMENTS
         Tanggal 31 Desember 2025 dan untuk                                     As of 31 December 2025 and for
        Tahun Berakhir pada Tanggal Tersebut                                       for the Year Then Ended
           (Disajikan dalam jutaan Rupiah,                                     (Expressed in millions of Rupiah,
               kecuali dinyatakan lain)                                            unless otherwise stated)

62. MANAJEMEN RISIKO (lanjutan)                                    62. RISK MANAGEMENT (continued)

   B.    Risiko pasar dan risiko likuiditas (lanjutan)                B.   Market risk and liquidity risk (continued)

   (viii) Dampak Reformasi Acuan Suku Bunga (lanjutan)                (viii) Impact of Interest Rate Benchmark Reform
                                                                             (continued)

         a. LIBOR (lanjutan)                                               a. LIBOR (continued)

             Pada tahun 2023, Bank telah melakukan                             In 2023, the Bank has communicated with
             komunikasi dengan counterparty dan/atau                           affected counterparties and/or customers to
             nasabah yang terdampak untuk memberikan                           provide the latest information regarding changes
             informasi terkini terkait perubahan yang                          that may occur as a result of the reform of the
             mungkin terjadi akibat dari reformasi acuan                       interest rate reference, specifically USD LIBOR,
             suku bunga, secara khusus USD LIBOR, baik                         either through socialization, discussion or in
             melalui sosialisasi, diskusi maupun tertulis.                     writing. The Bank has identified areas that have
             Bank telah mengidentifikasi area yang memiliki                    a significant risk of discontinuing USD LIBOR,
             risiko yang signifikan terhadap penghentian                       namely developing information systems and
             USD LIBOR, yaitu melakukan pengembangan                           adjusting business processes to accommodate
             pada sistem informasi dan penyesuaian proses                      the use of alternative reference interest rates,
             bisnis    untuk     dapat     mengakomodasi                       conducting contract amendments/repapering
             penggunaan suku bunga acuan alternatif,                           and/or reviewing fallback clauses on existing
             melakukan amendemen kontrak/repapering                            contracts.
             dan/atau melakukan kajian fallback clause
             pada kontrak existing.

             Selain melakukan usaha berkelanjutan dalam                        In addition to carrying out continuous efforts in
             pemantauan kondisi terkini terkait transisi USD                   monitoring the latest conditions related to the
             LIBOR, Bank juga telah melakukan diskusi                          USD LIBOR transition, the Bank has also
             lebih intensif dengan pelaku industri baik yang                   conducted more intensive discussions with
             berasal dari dalam maupun luar negeri dalam                       industry players both from within and outside the
             rangka benchmark serta komunikasi dengan                          country in the context of benchmarking and
             Regulator      untuk   memastikan        transisi                 communication with Regulators to ensure the
             perubahan suku bunga acuan dari USD LIBOR                         transition of changes in the benchmark interest
             ke suku bunga acuan alternatif berjalan dengan                    rate from USD LIBOR to alternative interest rates
             baik, sekaligus meminimalisasi risiko yang                        went well, also to minimize the risk arising from
             muncul dari proses transisi tersebut.                             the transition process.


             Bank telah mengidentifikasi area yang memiliki                    The Bank has identified areas that have a
             risiko yang signifikan terhadap penghentian                       significant risk of discontinuing USD LIBOR,
             USD LIBOR, yaitu melakukan pengembangan                           namely developing information systems and
             pada sistem informasi dan penyesuaian proses                      adjusting business processes to accommodate
             bisnis      untuk      dapat   mengakomodasi                      the use of alternative benchmark interest rates,
             penggunaan suku bunga acuan alternatif,                           conducting contract amendments/repapering
             melakukan amendemen kontrak/repapering                            and/or reviewing fallback clauses on existing
             dan/atau melakukan kajian fallback clause                         contracts. In addition to carrying out continuous
             pada kontrak existing. Selain melakukan usaha                     efforts in monitoring the latest conditions related
             berkelanjutan dalam pemantauan kondisi                            to the USD LIBOR transition, the Bank has also
             terkini terkait transisi USD LIBOR, Bank juga                     conducted more intensive discussions with
             telah melakukan diskusi lebih intensif dengan                     industry players both from within and outside the
             pelaku industri baik yang berasal dari dalam                      country in the context of benchmarking and
             maupun luar negeri dalam rangka benchmark                         communication with Regulators to ensure the
             serta komunikasi dengan Regulator untuk                           transition of changes in the benchmark interest
             memastikan transisi perubahan suku bunga                          rate from USD LIBOR to alternative interest rates
             acuan dari USD LIBOR ke suku bunga acuan                          went well, also to minimize the risk arising from
             alternatif berjalan dengan baik, sekaligus                        the transition process.
             meminimalisasi risiko yang muncul dari proses
             transisi tersebut.




                                                             469
Page 1484
                                                                                                The original consolidated financial statements
                                                                                              included herein are in the Indonesian language.

          PT BANK MANDIRI (PERSERO) Tbk                                            PT BANK MANDIRI (PERSERO) Tbk
              DAN ENTITAS ANAKNYA                                                        AND ITS SUBSIDIARIES
        CATATAN ATAS LAPORAN KEUANGAN                                               NOTES TO THE CONSOLIDATED
                   KONSOLIDASIAN                                                        FINANCIAL STATEMENTS
         Tanggal 31 Desember 2025 dan untuk                                          As of 31 December 2025 and for
        Tahun Berakhir pada Tanggal Tersebut                                            for the Year Then Ended
           (Disajikan dalam jutaan Rupiah,                                          (Expressed in millions of Rupiah,
               kecuali dinyatakan lain)                                                 unless otherwise stated)

62. MANAJEMEN RISIKO (lanjutan)                                       62. RISK MANAGEMENT (continued)

   B.    Risiko pasar dan risiko likuiditas (lanjutan)                   B.    Market risk and liquidity risk (continued)

   (viii) Dampak Reformasi Acuan Suku Bunga (lanjutan)                   (viii) Impact of Interest Rate Benchmark Reform
                                                                                (continued)
         a.   LIBOR (lanjutan)                                                  a. LIBOR (continued)
              Berikut adalah informasi kuantitatif tentang                           The following is quantitative information on
              instrumen keuangan yang belum beralih ke                               financial instruments that have not yet switched
              acuan suku bunga alternatif yang menunjukkan                           to alternative benchmark interest rates which
              secara       terpisah   aset       keuangan non                        separately shows non-derivative corporate
              derivatif kredit korporasi, liabilitas keuangan                        credit financial assets, borrowing, and derivative
              non derivatif borrowing dan derivatif (Bank                            non-derivative financial liabilities (bank only).
              Mandiri saja).
                                                           31 Desember 2025/
                                                           31 December 2025

                                                 Nilai kontrak USD
                                                    (nilai penuh)/
                                                 USD contract value           Nilai wajar/
                                                    (full amount)             Fair value

              Derivatif                                                                                                           Derivatives
              Tagihan derivatif                           20.000.000                         4.848                      Derivatives receivables

                                                           31 Desember 2024/
                                                           31 December 2024

                                                 Nilai kontrak USD
                                                    (nilai penuh)/
                                                 USD contract value           Nilai wajar/
                                                    (full amount)             Fair value

              Derivatif                                                                                                           Derivatives
              Tagihan derivatif                           61.450.000                     32.613                         Derivatives receivables
              Liabilitas derivatif                        10.000.000                     (4.035)                          Derivatives liabilities

        b.    JIBOR                                                           b. JIBOR

              Pada tanggal 27 September 2024 National                              On 27 September 2024 National Working Group
              Working Group on Benchmark Reform                                    on Benchmark Reform (NWGBR) consisting of
              (NWGBR) yang terdiri dari BI, OJK,                                   dari BI, FSA, the Ministry of Finance, Indonesian
              Kementerian Keuangan, Asosiasi Pelaku Pasar                          Association of Money Market and Foreign
              Uang dan Pasar Valuta Asing Indonesia                                Exchange Market Participants (APUVINDO)
              (APUVINDO) telah menetapkan timeline transisi                        established the transition timeline for the Jakarta
              suku bunga Jakarta Interbank Offered Rate                            Interbank Offered Rate (JIBOR) to the Indonesia
              (JIBOR) menjadi Indonesia Overnight Index                            Overnight Index Average (IndONIA) was
              Average (IndONIA) yang dipublikasikan melalui                        announced through a press release and the
              press release dan publikasi panduan transisi                         publication of a JIBOR transition guide.
              JIBOR.

              Bank Indonesia akan menghentikan publikasi                           Bank Indonesia will permanently discontinue the
              JIBOR secara permanen pada tanggal 1 Januari                         publication of JIBOR on 1 January 2026, and
              2026 dan IndONIA digunakan secara penuh                              IndONIA will be fully adopted as its replacement.
              (fully    adopted)    menggantikan    JIBOR.                         The discontinuation of the JIBOR benchmark
              Penghentian publikasi suku bunga acuan JIBOR                         interest rate is planned to take place in three (3)
              tersebut direncanakan akan diadakan dalam 3                          stages as follows:
              (tiga) tahap sebagai berikut:

              1. Pada tanggal 1 Januari 2025 untuk tenor                           1. As of 1 January 2025, for interest rate tenors
                 suku bunga acuan overnight hingga 1                                  for overnight up to 1 week.
                 minggu.
              2. Pada tanggal 1 April 2025 untuk tenor suku                        2. As of 1 April 2025, for interest rate tenors for
                 bunga acuan 1 bulan hingga 3 bulan.                                  1 month up to 3 months.
              3. Pada tanggal 1 Juni 2025 untuk tenor suku                         3. As of 1 June 2025, for interest rate tenors for
                 bunga acuan 6 bulan hingga 12 bulan.                                 6 months up to 12 months.
                                                              470
Page 1485
                                                                                    The original consolidated financial statements
                                                                                  included herein are in the Indonesian language.

           PT BANK MANDIRI (PERSERO) Tbk                                   PT BANK MANDIRI (PERSERO) Tbk
               DAN ENTITAS ANAKNYA                                               AND ITS SUBSIDIARIES
         CATATAN ATAS LAPORAN KEUANGAN                                      NOTES TO THE CONSOLIDATED
                    KONSOLIDASIAN                                               FINANCIAL STATEMENTS
          Tanggal 31 Desember 2025 dan untuk                                 As of 31 December 2025 and for
         Tahun Berakhir pada Tanggal Tersebut                                   for the Year Then Ended
            (Disajikan dalam jutaan Rupiah,                                 (Expressed in millions of Rupiah,
                kecuali dinyatakan lain)                                        unless otherwise stated)

62. MANAJEMEN RISIKO (lanjutan)                                  62. RISK MANAGEMENT (continued)

    B.    Risiko pasar dan risiko likuiditas (lanjutan)            B.   Market risk and liquidity risk (continued)

    (viii) Dampak Reformasi Acuan Suku Bunga (lanjutan)            (viii) Impact of Interest Rate Benchmark Reform
                                                                          (continued)

          b. JIBOR (lanjutan)                                           b. JIBOR (continued)

             Exposure risiko Bank yang secara langsung                     The Bank's risk exposures that are directly
             terdampak dari reformasi acuan suku bunga                     affected by the interest rate benchmark reform
             terdiri dari portofolio kredit, derivatif, surat              consists of credit portfolios, derivatives,
             berharga dan penggunaan lainnya (seperti trade                securities and other uses (such as trade finance)
             finance) yang menggunakan suku bunga acuan                    using the JIBOR benchmark interest rate.
             JIBOR.

             Terkait suku bunga acuan IndONIA, terdapat                    Regarding the IndONIA benchmark interest rate,
             beberapa perbedaan antara JIBOR dan                           there are several differences between JIBOR
             IndONIA. JIBOR adalah “term rate”, yang berarti               and IndONIA. JIBOR is a “term rate”, which
             JIBOR dipublikasikan untuk beberapa periode                   means JIBOR is published for several loan
             pinjaman (sebagai contoh 3 (tiga) bulanan atau                periods (for example 3 (three) months or 6 (six)
             6 (enam) bulanan) dan bersifat “forward looking”              months) and is “forward looking” (JIBOR is
             (JIBOR dipublikasikan pada awal periode),                     published at the beginning of the period), while
             sedangkan indONIA merupakan suku bunga                        indONIA is a “backward-looking” benchmark
             acuan yang bersifat “backward-looking”,                       interest rate, based on the overnight interest rate
             berdasarkan suku bunga overnight dari                         of actual transactions, and is published at the
             transaksi actual, dan dipublikasikan pada akhir               end of the overnight period. In addition, JIBOR
             periode overnight. Selain itu, JIBOR merupakan                is an interest rate that uses a simple average
             tingkat suku bunga yang menggunakan metode                    calculation method (with trimming 15% highest
             perhitungan simple average (dengan trimming                   and 15% lowest) and in-advance (forward
             15% highest dan 15% lowest) dan in-advance                    looking), while indONIA uses a volume weighted
             (forward    looking),    sementara     indONIA                average calculation method (weighted average
             menggunakan metode perhitungan volume                         based on volume) and compounded in-advance,
             weighted     average    (rata-rata   tertimbang               compounded in-arrears or hybrid. In order to
             berdasarkan volume) dan compounded in-                        make the transition from contracts and
             advance, compounded in-arrears atau hybrid.                   agreements that currently refer to JIBOR to
             Untuk melakukan transisi atas kontrak dan                     referring to alternative benchmark interest rates,
             perjanjian yang saat ini mengacu ke JIBOR                     adjustments are needed to ensure that the two
             menjadi mengacu ke suku bunga acuan                           benchmark interest rates are economically
             alternatif, diperlukan penyesuaian untuk                      equivalent.
             memastikan bahwa kedua suku bunga acuan
             tersebut secara ekonomis setara.

             Saat ini Bank terus memantau perkembangan                     Currently, the Bank continues to monitor the
             terkini terkait transisi JIBOR dan berencana                  latest developments related to the JIBOR
             melakukan diskusi lebih intensif dengan pelaku                transition and plans to engage in more intensive
             industri serta Regulator untuk memastikan                     discussions with industry players and regulators
             transisi perubahan suku bunga acuan dari                      to ensure a smooth transition from JIBOR to an
             JIBOR ke suku bunga acuan alternatif berjalan                 alternative benchmark interest rate, as well as to
             dengan baik, serta untuk meminimalisasi risiko                minimize the risks associated with the transition
             dari proses transisi tersebut. Bank akan secara               process. The Bank will continuously assess the
             berkelanjutan menilai risiko yang akan timbul                 potential risks arising from the JIBOR transition.
             dari transisi JIBOR dimaksud.




                                                           471
Page 1486
                                                                                               The original consolidated financial statements
                                                                                             included herein are in the Indonesian language.

           PT BANK MANDIRI (PERSERO) Tbk                                               PT BANK MANDIRI (PERSERO) Tbk
               DAN ENTITAS ANAKNYA                                                           AND ITS SUBSIDIARIES
         CATATAN ATAS LAPORAN KEUANGAN                                                  NOTES TO THE CONSOLIDATED
                    KONSOLIDASIAN                                                           FINANCIAL STATEMENTS
          Tanggal 31 Desember 2025 dan untuk                                             As of 31 December 2025 and for
         Tahun Berakhir pada Tanggal Tersebut                                               for the Year Then Ended
            (Disajikan dalam jutaan Rupiah,                                             (Expressed in millions of Rupiah,
                kecuali dinyatakan lain)                                                    unless otherwise stated)

62. MANAJEMEN RISIKO (lanjutan)                                         62. RISK MANAGEMENT (continued)

    B.    Risiko pasar dan risiko likuiditas (lanjutan)                   B.   Market risk and liquidity risk (continued)

    (viii) Dampak Reformasi Acuan Suku Bunga (lanjutan)                   (viii) Impact of Interest Rate Benchmark Reform
                                                                                 (continued)

           b. JIBOR (lanjutan)                                                  b. JIBOR (continued)

                  Berikut adalah informasi kuantitatif tentang                         The following is quantitative information on
                  instrumen keuangan yang belum beralih ke                             financial instruments that have not yet switched
                  acuan suku bunga alternatif pada tanggal                             to the alternative benchmark interest rate as of
                  31 Desember 2025, yang menunjukkan secara                            31 December 2025, which separately shows
                  terpisah aset keuangan non derivatif kredit                          non-derivative financial assets of corporate credit
                  korporasi dan derivatif (Bank Mandiri saja).                         and derivatives (Bank Mandiri only).
                                                             31 Desember 2025/
                                                             31 December 2025

                                                          Aset/                Liabilitas/
                                                          Asset                Liabilities

                  Non Derivatif                                                                                             Non Derivatives
                  Kredit yang diberikan                   151.063.606                          -                                      Loans

    C.    Risiko operasional                                              C. Operational risk
          Risiko    operasional   adalah     risiko   akibat                   Operational risk is a risk due to inadequacy and/or
          ketidakcukupan dan/atau tidak berfungsinya proses                    dysfunctional internal process, human error, systems
          internal, kesalahan manusia, kegagalan sistem                        failure or external factors which impact the Bank’s
          atau adanya faktor eksternal yang mempengaruhi                       operations. Including risks related to cyber security.
          operasional Bank. Termasuk dalam bagian dari                         The effectiveness of operational risk management
          risiko operasional yaitu risiko terkait keamanan                     can reduce losses due to operational risk.
          siber. Pengelolaan atas risiko operasional secara
          efektif dapat menekan kerugian akibat risiko
          operasional.

          Dalam rangka mengelola risiko operasional secara                     In order to the achieve the effectiveness of
          efektif, Bank menyusun kerangka kerja yang                           operational risk management, the Bank has
          mengacu pada regulasi Bank Indonesia, Otoritas                       established a framework based on Bank Indonesia,
          Jasa Keuangan, Basel dan best practice di industri                   Financial Services Authority, Basel and best practice
          baik lokal maupun global. Bank saat ini telah                        in both local and global industries. The Bank has
          memiliki Kebijakan Manajemen Risiko, Standar                         implemented Bank Mandiri’s Risk Management
          Prosedur    Operasional    Manajemen        Risiko                   Policy, Standard Operating Procedures for
          Operasional dan Petunjuk Teknis Operasional                          Operational Risk Management and Technical
          Manajemen Risiko Operasional, yang meliputi                          Guidelines for Operational Risk Management
          aspek governance maupun sistem pelaporan.                            covering both aspects of governance and reporting
                                                                               systems.

          Managing risk through operation                                      Managing risk through operation

          Dalam pengelolaan risiko operasional melalui                         In managing operational risk through Operation, the
          Operation, Bank telah:                                               Bank has:
          (i)         Menetapkan risk governance pengelolaan                   (i)        Established risk governance of operational
                      risiko operasional.                                                 risk management.
          (ii)        Menetapkan kebijakan dan prosedur serta                  (ii)       Established policies and procedures and
                      melakukan review secara berkala.                                    conducts periodic review.
          (iii)       Menetapkan operational risk appetite                     (iii)      Established     operational  risk   appetite
                      statement.                                                          statement.
          (iv)        Menyusun metodologi dan perangkat                        (iv)       Designed methodologies and tools for
                      pengelolaan risiko operasional.                                     operational risk management.
          (v)         Mengembangkan                       dan                  (v)        Developed and implemented Risk Awareness
                      mengimplementasikan        program  Risk                            Program for managing operational risk for all
                      Awareness pengelolaan risiko operasional                            employees.
                      terhadap seluruh karyawan.

                                                                  472
Page 1487
                                                                                                The original consolidated financial statements
                                                                                              included herein are in the Indonesian language.

           PT BANK MANDIRI (PERSERO) Tbk                                              PT BANK MANDIRI (PERSERO) Tbk
               DAN ENTITAS ANAKNYA                                                          AND ITS SUBSIDIARIES
         CATATAN ATAS LAPORAN KEUANGAN                                                 NOTES TO THE CONSOLIDATED
                    KONSOLIDASIAN                                                          FINANCIAL STATEMENTS
          Tanggal 31 Desember 2025 dan untuk                                            As of 31 December 2025 and for
         Tahun Berakhir pada Tanggal Tersebut                                              for the Year Then Ended
            (Disajikan dalam jutaan Rupiah,                                            (Expressed in millions of Rupiah,
                kecuali dinyatakan lain)                                                   unless otherwise stated)

62. MANAJEMEN RISIKO (lanjutan)                                          62. RISK MANAGEMENT (continued)

    C.    Risiko operasional (lanjutan)                                    C. Operational risk (continued)

          Managing risk through operation (lanjutan)                           Managing risk through operation (continued)

          Dalam pengelolaan risiko operasional melalui                         In managing operational risk through Operation, the
          Operation, Bank telah: (lanjutan)                                    Bank has: (continued)

          (vi)         Mendesain,       mengembangkan,        dan              (vi)         Designed, developed, and implemented
                       mengimplementasikan Operational Risk                                 Operational Risk Management System.
                       Management System.
          (vii)        Menjalankan implementasi pengelolaan                    (vii)        Implemented      the     operational     risk
                       risiko operasional ke seluruh unit kerja                             management to the all units (Head Office and
                       (Kantor Pusat dan Kantor Wilayah)                                    Regional Offices) including the Operational
                       termasuk implementasi Operational Risk                               Risk Management Tools (ORM Tools).
                       Management Tools (ORM Tools).
          (viii)       Melaksanakan monitoring dan pelaporan                   (viii)       Performed monitoring and reporting for
                       internal maupun eksternal (regulator).                               internal and external (regulator).
          (ix)         Mengembangkan kompetensi standar untuk                   (ix)        Developed standard competencies for
                       pegawai yang terlibat dalam aktivitas                                employees involved in the implementation of
                       implementasi kerangka kerja manajemen                                operational risk management framework
                       risiko operasional.                                                  activities.

          Pelaksanaan operational risk governance                              The implementation of operational risk governance
          dilakukan melalui:                                                   begins with:
          (i) Pengawasan aktif Dewan Komisaris dan                             (i) Active monitoring by Board of Commissioners
               Direksi                                                              and Directors
          (ii) Pelaksanaan pengelolaan risiko operasional                      (ii) The implementation of operational risk
               disupervisi oleh Direktur Manajemen Risiko                           management is supervised by Director of Risk
               yang didukung dengan keterlibatan:                                   Management which supported by the
                                                                                    involvement of:
                       Risk Management Committee                                    Risk Management Committee
                       Unit Kerja Pemilik dan Pengendali Risiko                     Business Unit and Risk Controlling Unit
                       Unit     Kerja     Manajemen      Risiko                     Operational Risk Management Unit
                        Operasional
                       Unit Kerja Pembina Manajemen Risiko                                  Operational Risk        Management        and
                        Operasional                                                           Development Unit
                       Unit Kerja Kepatuhan                                                 Compliance Unit
                       Unit Kerja Internal Audit                                            Internal Audit Unit

          Bank telah menetapkan kebijakan dan prosedur                         The Bank has established internal policies and
          internal dalam Manajemen Risiko Operasional                          procedures for Operational Risk Management
          yang mengacu pada Kebijakan Manajemen                                referred to as Risk Management Policy, which is the
          Risiko, yang menjadi landasan implementasi                           basis of risk management implementation.
          manajemen risiko.




                                                                   473
Page 1488
                                                                                           The original consolidated financial statements
                                                                                         included herein are in the Indonesian language.

          PT BANK MANDIRI (PERSERO) Tbk                                            PT BANK MANDIRI (PERSERO) Tbk
              DAN ENTITAS ANAKNYA                                                        AND ITS SUBSIDIARIES
        CATATAN ATAS LAPORAN KEUANGAN                                               NOTES TO THE CONSOLIDATED
                   KONSOLIDASIAN                                                        FINANCIAL STATEMENTS
         Tanggal 31 Desember 2025 dan untuk                                          As of 31 December 2025 and for
        Tahun Berakhir pada Tanggal Tersebut                                            for the Year Then Ended
           (Disajikan dalam jutaan Rupiah,                                          (Expressed in millions of Rupiah,
               kecuali dinyatakan lain)                                                 unless otherwise stated)

62. MANAJEMEN RISIKO (lanjutan)                                     62. RISK MANAGEMENT (continued)

   C.    Risiko operasional (lanjutan)                                 C. Operational risk (continued)

         Managing risk through operation (lanjutan)                        Managing risk through operation (continued)

         Terkait dengan ORM Tools, ORM Tools yang                          The ORM Tools used by the Bank are:
         dipergunakan Bank adalah:

         (i)  Risk & Control Self Assessment (RCSA),                       (i)      Risk & Control Self Assessment (RCSA), is a
              merupakan sebuah register atas identifikasi                           register of risk identification and main control of
              risiko dan kontrol utama dari proses bisnis                           the business processes within the Bank, where
              yang ada di Bank, yang secara periodik                                inherent risk rating and control effectiveness
              dilakukan penilaian/assessment terhadap                               either through control testing or by consensus
              inherent risk rating dan efektivitas kontrol baik                     are periodically assessed. The testing of
              melalui pengujian kontrol (Control Testing)                           inherent risk rating and control rating generated
              maupun secara konsensus. Penilaian inherent                           residual risk value which become a component
              risk rating dan control rating menghasilkan nilai                     of operational risk profile. The residual risk level
              residual risk dan menjadi bagian dari profil                          is minimized by taking necessary mitigations
              risiko operasional. Tingkat risiko residual                           before risk occurs.
              dijaga seminimal mungkin dengan mengambil
              tindakan yang diperlukan untuk mitigasi
              sebelum risiko terjadi.
         (ii) Loss Event Database, merupakan database                      (ii)      Loss Event Database, is a database of
              insiden risiko operasional yang dicatat secara                         operational risk incidents which recorded on
              risk-based dengan tujuan sebagai lesson                                risk based basis as a lesson learned,
              learned, pemantauan tindak lanjut perbaikan                            remediation       monitoring       and       future
              kedepannya, serta sebagai salah satu                                   improvements, also as a component for
              komponen untuk perhitungan modal risiko                                calculation of operational risk capital calculation
              operasional (regulatory capital charge) metode                         (regulatory     capital   charge)       with    the
              Standardized Approach (SA).                                            Standardized Approach (SA) method.
        (iii) Key Indicator (KI), merupakan early warning                  (iii)     Key Indicator (KI), is an early warning signal in
              signal dalam pengelolaan risiko operasional                            operational risk management with the aim that
              dengan tujuan agar upaya mitigasi dapat                                mitigation efforts can be immediately
              segera ditentukan dan dilaksanakan sebelum                             determined and implemented before a risk
              sebuah risiko terjadi. KI mengindikasikan                              occurs. KI indicates the probability that a risk
              besar kecilnya kemungkinan suatu risiko akan                           will occur (risk based) or indicates the
              terjadi (risk-based) atau mengindikasikan                              probability that a control is not implemented
              besar kecilnya kemungkinan suatu kontrol                               properly (control based). KI is set a threshold
              tidak dilaksanakan sebagaimana mestinya                                and its realization score is recorded
              (control based). KI ditetapkan ambang                                  periodically.
              batasnya (threshold) dan dicatat skor
              realisasinya secara berkala.
        (iv) Issue & Action Management (IAM), merupakan                    (iv)      Issue & Action Management (IAM), is a tool to
              perangkat untuk memantau tindak lanjut yang                            monitor follow-up action that have been
              telah disusun atas isu-isu yang ditemukan dari                         designed on identified issues through various
              berbagai sumber, seperti dari hasil Control                            activities, such as Control Testing, incident, key
              Testing, hasil monitoring Key Indicator,                               indicator monitoring result, self identified issued
              terjadinya insiden, teridentifikasinya suatu                           and other.
              permasalahan (self-identified issue) dan
              lainnya.
        (v) Capital      Modelling,     merupakan      model               (v)       Capital Modelling, an operational capital
              perhitungan     modal     risiko    operasional                        calculation model (regulatory capital charge)
              (regulatory capital charge) sesuai regulasi                            that complies with applicable regulations.
              yang berlaku.




                                                              474
Page 1489
                                                                                     The original consolidated financial statements
                                                                                   included herein are in the Indonesian language.

          PT BANK MANDIRI (PERSERO) Tbk                                     PT BANK MANDIRI (PERSERO) Tbk
              DAN ENTITAS ANAKNYA                                                 AND ITS SUBSIDIARIES
        CATATAN ATAS LAPORAN KEUANGAN                                        NOTES TO THE CONSOLIDATED
                   KONSOLIDASIAN                                                 FINANCIAL STATEMENTS
         Tanggal 31 Desember 2025 dan untuk                                   As of 31 December 2025 and for
        Tahun Berakhir pada Tanggal Tersebut                                     for the Year Then Ended
           (Disajikan dalam jutaan Rupiah,                                   (Expressed in millions of Rupiah,
               kecuali dinyatakan lain)                                          unless otherwise stated)

62. MANAJEMEN RISIKO (lanjutan)                                  62. RISK MANAGEMENT (continued)

   C.    Risiko operasional (lanjutan)                              C. Operational risk (continued)

         Managing risk through operation (lanjutan)                      Managing risk through operation (continued)

         Sebagai output dari proses Manajemen Risiko                     As the output of Operational Risk Management
         Operasional, akan dihasilkan profil risiko                      process, each unit generates operational risk profile
         operasional yang direviu oleh unit Internal Audit,              reviewed by Internal Audit unit and presented to the
         dipresentasikan kepada Direksi dan Dewan                        Board of Commissioners and directors, and
         Komisaris, serta dilaporkan dalam bentuk Laporan                submitted to the regulators periodically in the form of
         Tingkat Kesehatan Bank (Risk Based Bank Rating)                 Risk Based Bank Rating and Risk Profile. In addition,
         dan Profil Risiko yang disampaikan kepada                       in order to manage operational risk, there is an
         Regulator secara periodik. Selain itu, dalam rangka             operational risk management reports that are
         pengelolaan risiko operasional terdapat laporan                 submitted to management as a monitoring tool and
         pengelolaan risiko operasional yang disampaikan                 consideration for priority decision making.
         kepada manajemen sebagai sarana monitoring dan
         bahan pertimbangan untuk mengambil tindakan
         prioritas.

         Managing risk through capital                                   Managing risk through capital

         Sesuai      ketentuan,      Bank      menggunakan               According to the regulations, the Bank utilizes the
         Standardized Approach (SA)/Pendekatan Standar                   Standardized Approach (SA) in accordance with
         sesuai SEOJK No. 06/SEOJK.03/2020 untuk                         SEOJK No. 06/SEOJK.03/2020 for operational risk
         perhitungan beban modal risiko operasional.                     capital charges calculation. The calculation of the
         Perhitungan ATMR dengan Pendekatan Standar                      Risk Weighted Assets (RWA) using Standardized
         dilakukan setiap tahun berdasarkan data                         Approach is performed annually based on
         Komponen Kerugian Risiko Operasional selama 10                  Operational Risk Loss Components data for the last
         (sepuluh) tahun terakhir dan data Komponen                      10 (ten) years and Business Indicator Components
         Indikator Bisnis selama 3 (tiga) tahun terakhir.                data for the last 3 (three) years.

63. PERJANJIAN,       KOMITMEN      DAN     KONTINJENSI          63. SIGNIFICANT AGREEMENTS, COMMITMENTS AND
    PENTING                                                          CONTINGENCIES

   a.    Perjanjian integrated banking system dengan                a.   Integrated banking system agreement with
         vendor                                                          vendor

         Pengadaan Perjanjian dengan vendor untuk                        On 2024, Bank Mandiri entered into an agreement
         menambah fitur eMAS di tahun 2024, pada                         with vendors to add eMAS features. On
         tanggal 31 Desember 2025 dari nilai kontrak                     31 December 2025, out of a contract,value
         sebesar USD730.181,29 (nilai penuh), Bank telah                 amounted to USD730,181.29 (full amount) the Bank
         melakukan pembukuan sebagai aset tetap                          has recorded it as fixed assets amounted to
         sebesar USD678.046,44 (nilai penuh) sehingga                    USD678,046.44 (full amount) with the estimated
         estimasi penyelesaian posisi 31 Desember 2025                   project completion on 31 December 2025 is
         adalah 92,86%.                                                  92.86%.

         Perikatan antara Bank Mandiri dengan pihak                      Bank Mandiri and related parties have complied the
         terkait telah mengikuti syarat dan ketentuan yang               mutually agreed terms and conditions.
         disepakati bersama.

   b.    Perkara hukum                                              b.   Legal matters

         Bank saat ini masih menghadapi permasalahan                     Currently, the Bank has a number of outstanding
         hukum diantaranya dengan debitur dan/atau                       litigation cases, including lawsuits with debtors and/or
         pemilik dana sebagai akibat adanya perselisihan                 fund owners due to disputes that had been decided
         perjanjian yang telah diputus oleh Pengadilan                   by the Court where the Bank was convicted by the
         dimana Bank dihukum untuk membayar ganti rugi                   Court to pay compensation amounted to Rp195,80.
         sebesar Rp195.80. Saat ini Bank masih dalam                     Currently, the Bank is still in the legal process to
         proses/upaya    hukum    keberatan    terhadap                  appeal against the decision.
         putusan.


                                                           475
Page 1490
                                                                                     The original consolidated financial statements
                                                                                   included herein are in the Indonesian language.

          PT BANK MANDIRI (PERSERO) Tbk                                     PT BANK MANDIRI (PERSERO) Tbk
              DAN ENTITAS ANAKNYA                                                 AND ITS SUBSIDIARIES
        CATATAN ATAS LAPORAN KEUANGAN                                        NOTES TO THE CONSOLIDATED
                   KONSOLIDASIAN                                                 FINANCIAL STATEMENTS
         Tanggal 31 Desember 2025 dan untuk                                   As of 31 December 2025 and for
        Tahun Berakhir pada Tanggal Tersebut                                     for the Year Then Ended
           (Disajikan dalam jutaan Rupiah,                                   (Expressed in millions of Rupiah,
               kecuali dinyatakan lain)                                          unless otherwise stated)

63. PERJANJIAN, KOMITMEN            DAN     KONTINJENSI          63. SIGNIFICANT AGREEMENTS, COMMITMENTS AND
    PENTING (lanjutan)                                               CONTINGENCIES (continued)

   b.    Perkara hukum (lanjutan)                                   b.   Legal matters (continued)

         Jumlah klaim terhadap Bank Mandiri atas tuntutan                The Bank’s total potential financial exposure arising
         hukum yang belum selesai pada tanggal                           from outstanding lawsuits as of 31 December 2025
         31 Desember 2025 dan 2024 masing-masing                         and 2024 amounted to Rp417,596 and Rp460,861,
         sebesar Rp417.596 dan Rp460.861. Pada tanggal                   respectively. As of 31 December 2025 and 2024, the
         31 Desember 2025 dan 2024, Bank Mandiri telah                   Bank has provided a provision amounted to
         membentuk cadangan masing-masing sebesar                        Rp67,888 and Rp68,662, respectively, and believes
         Rp67.888 dan Rp68.662 dan berpendapat bahwa                     that the provision is adequate.
         cadangan yang dibentuk telah memadai.

   c. Trade Agreement dengan Asian Development                      c.   Trade Agreement with Asian Development Bank
      Bank

         Pada tanggal 25 November 2009, Bank Mandiri                     On 25 November 2009, Bank Mandiri has signed a
         telah menandatangani perjanjian kerjasama                       contractual agreement with Asian Development
         dengan Asian Development Bank (“ADB”) melalui                   Bank (“ADB”) through Trade Finance Facilitation
         Trade Finance Facilitation Program (“TFFP”),                    Program (“TFFP”) which are Confirmation Bank
         yaitu Confirmation Bank Agreement (“CBA”).                      Agreement (“CBA”).

         Berdasarkan CBA, Bank Mandiri dapat bertindak                   Based on CBA, Bank Mandiri can act as confirming
         sebagai confirming bank bagi transaksi ekspor                   bank for export import transactions of its customers
         impor nasabah dengan basis Letter of Credit                     with Letter of Credit (“L/C”) arrangement. As a
         (“L/C”). Sebagai confirming bank, Bank Mandiri                  confirming bank, Bank Mandiri can request a
         dapat diberikan jaminan oleh ADB atas L/C yang                  guarantee from ADB for L/C issued by issuing bank.
         diterbitkan oleh issuing bank.

         Skema TFFP tersebut merupakan program ADB                       TFFP scheme is a program initiated by ADB to
         untuk memfasilitasi transaksi perdagangan                       facilitate the L/C based trade transactions within
         berbasis L/C di negara-negara berkembang Asia                   Asian developing countries to increase the trade-
         untuk mendorong tingkat pertumbuhan volume                      volume growth. Becoming a participant in this
         perdagangan. Dengan menjadi partisipan dalam                    program, Bank Mandiri will have an easier access to
         TFFP ini, Bank Mandiri memiliki peluang untuk                   increase its trade volume and to open new business
         trade volume dan membuka bisnis baru                            opportunities especially to countries in ADB
         khususnya dengan bank dari negara-negara yang                   program.
         termasuk dalam program ADB.

   d. Perjanjian Bancassurance Entitas Anak                         d. Subsidiary’s Bancassurance Agreement

        Pada tanggal 27 September 2024, Entitas Anak                     On 27 September 2024, the Subsidiary signed a
        menandatangani        perjanjian     bancassurance               bancassurance agreement with PT Prudential
        dengan PT Prudential Sharia Life Assurance                       Sharia Life Assurance ("Prudential Sharia Life") to
        (”Prudential Sharia Life”) untuk memasarkan,                     market, promote and reference Prudential Sharia
        mempromosikan dan mereferensikan produk                          Life insurance products through the Bank's
        asuransi Prudential Sharia Life melalui jaringan                 distribution network. This cooperation agreement is
        distribusi Bank. Perjanjian kerjasama ini berlaku                effective from the date of the agreement and will
        efektif sejak tanggal perjanjian dan akan terus                  continue to be valid and effective until the fifteenth
        berlaku dan efektif hingga tahun kelima belas (15)               (15th) year from the date of launch
        sejak tanggal peluncuran (1 Maret 2025). Adapun                  (1 March 2025). The Subsidiary's obligations before
        kewajiban Entitas Anak sebelum tanggal                           the launch date related to the issuance of
        peluncuran terkait dengan penerbitan produk dan                  insurance products       and services        in    the
        layanan asuransi di jaringan distribusi Entitas Anak             Subsidiary's distribution network include preparing
        antara lain mempersiapkan peraturan internal,                    internal regulations, training of the Subsidiary's
        pelatihan pegawai Entitas Anak, rencana                          employees, marketing and communication plans,
        pemasaran dan komunikasi serta penyesuaian                       and system adjustments.
        sistem.




                                                           476
Page 1491
                                                                                              The original consolidated financial statements
                                                                                            included herein are in the Indonesian language.

       PT BANK MANDIRI (PERSERO) Tbk                                                PT BANK MANDIRI (PERSERO) Tbk
           DAN ENTITAS ANAKNYA                                                            AND ITS SUBSIDIARIES
     CATATAN ATAS LAPORAN KEUANGAN                                                   NOTES TO THE CONSOLIDATED
                KONSOLIDASIAN                                                            FINANCIAL STATEMENTS
      Tanggal 31 Desember 2025 dan untuk                                              As of 31 December 2025 and for
     Tahun Berakhir pada Tanggal Tersebut                                                for the Year Then Ended
        (Disajikan dalam jutaan Rupiah,                                              (Expressed in millions of Rupiah,
            kecuali dinyatakan lain)                                                     unless otherwise stated)

64. REKLASIFIKASI AKUN   ATAS                  LAPORAN               64. RECLASSIFICATION OF ACCOUNT OF                                     THE
    KEUANGAN KONSOLIDASIAN                                               CONSOLIDATED FINANCIAL STATEMENTS

   Penyajian akun-akun tertentu dalam laporan                              The presentation of certain accounts in the
   keuangan konsolidasian Grup tanggal 31 Desember                         consolidated financial statements of the Group as of
   2024 dan untuk tahun yang berakhir pada tanggal                         31 December 2024 and for the year then ended have
   tersebut telah direklasifikasi untuk menyesuaikan                       been reclassified to conform with the presentation in
   penyajiannya     dengan        laporan  keuangan                        the consolidated financial statements of the Group as
   konsolidasian Grup tanggal 31 Desember 2025 dan                         of 31 December 2025 and for the year then ended as
   untuk tahun yang berakhir pada tanggal tersebut                         shown below:
   sebagaimana disajikan di bawah ini:

                                                        31 Desember 2024/31 December 2024

                                         Dilaporkan                                   Dilaporkan
                                        sebelumnya/                                     saat ini/
                                        As previously         Reklasifikasi/          As currently
                                          reported           Reclassifications         reported

   LIABILITAS                                                                                                                     LIABILITIES
   Liabilitas lain-lain                      40.131.500               (7.474.601)             32.656.899                        Other liabilities
   Liabilitas kontrak asuransi               28.012.886                7.474.601              35.487.487            Insurance contract liabilities

   ARUS KAS DARI                                                                                                        CASH FLOWS FROM
      AKTIVITAS OPERASIONAL                                                                                       OPERATING ACTIVITIES
   Liabilitas lain-lain                        3.441.525                (648.163)              2.793.362                       Other liabilities
   Liabilitas kontrak asuransi                (1.181.816)                648.163                (533.653)          Insurance contract liabilities


   Oleh karena reklasifikasi tersebut di atas berdampak                    Since the effects of the above-mentioned
   material terhadap laporan posisi keuangan                               reclassifications are material to the consolidated
   konsolidasian Grup tanggal 1 Januari 2024/                              statement of financial position of the Group as of
   31 Desember 2023, laporan posisi keuangan                               1 January 2024/31 December 2023, such reclassified
   konsolidasian yang telah direklasifikasi tersebut juga                  consolidated statement of financial position shall also
   harus     disajikan   dalam     laporan      keuangan                   be presented in these consolidated financial
   konsolidasian ini sesuai dengan Standar Akuntansi                       statements in accordance with Indonesian Financial
   Keuangan di Indonesia, yang telah disajikan melalui                     Accounting Standards, which has been made through
   pencantuman kalimat berikut ini. Sebelumnya Bank                        the incorporation of the following statement. The Bank
   telah menyajikan       laporan posisi        keuangan                   has previously presented the reclassified consolidated
   konsolidasian Grup tanggal 1 Januari 2024/                              statement of financial position of the Group as of
   31 Desember 2023 yang telah direklasifikasi ketika                      1 January 2024/31 December 2023 during the issuance
   penerbitan laporan keuangan konsolidasian interim                       of the interim consolidated financial statements of the
   Grup tanggal 30 Juni 2025 dan untuk periode enam                        Group as of 30 June 2025 and for the six-month period
   bulan yang berakhir pada tanggal tersebut, yang                         then ended, which were completed and authorized for
   diselesaikan dan diotorisasi untuk diterbitkan oleh                     issuance by the Board of Directors of the Bank on
   Direksi Bank pada tanggal 17 September 2025.                            17 September 2025.




                                                             477
Page 1492
                                                                                                              The original consolidated financial statements
                                                                                                            included herein are in the Indonesian language.

          PT BANK MANDIRI (PERSERO) Tbk                                                            PT BANK MANDIRI (PERSERO) Tbk
              DAN ENTITAS ANAKNYA                                                                        AND ITS SUBSIDIARIES
        CATATAN ATAS LAPORAN KEUANGAN                                                               NOTES TO THE CONSOLIDATED
                   KONSOLIDASIAN                                                                        FINANCIAL STATEMENTS
         Tanggal 31 Desember 2025 dan untuk                                                          As of 31 December 2025 and for
        Tahun Berakhir pada Tanggal Tersebut                                                            for the Year Then Ended
           (Disajikan dalam jutaan Rupiah,                                                          (Expressed in millions of Rupiah,
               kecuali dinyatakan lain)                                                                 unless otherwise stated)

65. INFORMASI TAMBAHAN                                                              65. ADDITIONAL INFORMATION

   Informasi tambahan berikut yang disajikan di bawah ini                              The following additional information presented below is
   merupakan informasi yang disyaratkan oleh regulasi                                  information required by applicable regulations and is not
   yang berlaku dan bukan/tidak merupakan informasi                                    information required by Indonesian Accounting
   yang dipersyaratkan oleh Standar Akuntansi                                          Standards.
   Indonesia.

   a.    Giro Wajib Minimum (GWM), Penyangga                                           a.   Minimum Statutory Reserves, Macroprudential
         Likuiditas Makroprudensial (PLM), dan Rasio                                        Liquidity    Buffer, and    Macroprudential
         Intermediasi Makroprudensial (RIM)                                                 Intermediation Ratio

         Rasio Giro Wajib Minimum (“GWM”) Rupiah dan                                        The Rupiah and Foreign Currency Minimum
         Mata Uang Asing serta rasio Penyangga Likuiditas                                   Statutory Reserves (“GWM”) ratios and the
         Makroprudensial (“PLM”) yang harus dipenuhi                                        Macroprudential Liquidity Buffer (“PLM”) ratios that
         Bank adalah sebagai berikut:                                                       must be met by the Bank are as follows:

                                                            31 Desember 2025/         31 Desember 2024/
                                                            31 December 2025          31 December 2024

        Rupiah                                                                                                                                       Rupiah
                                                                                                                                  Primary Minimum Statutory
        GWM*)                                                                 3,60%                     5,00%                                  Reserve*)
        (i) GWM secara harian                                                 0,00%                     0,00%           (i) Daily Minimum Statutory Reserve
                                                                                                                             (ii) Average Minimum Statutory
        (ii)GWM secara rata-rata                                              3,60%                     5,00%                                   Reserve
        Penyangga Likuiditas                                                                                                        Macroprudential Liquidity
            Makroprudensial                                                   4,00%                     5,00%                                     Buffer

        Mata uang asing                                                                                                                    Foreign currencies
                                                                                                                                   Primary Minimum Statutory
        GWM                                                                   4,00%                     4,00%                                    Reserve
        (i) GWM secara harian                                                 2,00%                     2,00%           (i) Daily Minimum Statutory Reserve
                                                                                                                             (ii) Average Minimum Statutory
        (ii)GWM secara rata-rata                                              2,00%                     2,00%                                    Reserve
          *)                                                                                *)
               Bank melakukan penyediaan dana untuk kegiatan ekonomi                              The Bank provided funding for certain economic and inclusive activities,
               tertentu dan inklusif, sehingga Bank mendapatkan insentif berupa                   thereby receiving an incentive in the form of a relaxation of the Rupiah
               kelonggaran GWM dalam Rupiah pada tanggal 31 Desember 2025                         Reserve Requirement (GWM) on 31 December 2025 and 2024,
               dan 2024 masing-masing sebesar 5,40% dan 4,00%. GWM dalam                          amounting to 5.40% and 4.00%, respectively. The Rupiah Reserve
               Rupiah yang harus dipenuhi Bank pada tanggal 31 Desember 2025                      Requirement (GWM) that the Bank was originally required to maintain
               dan 2024 yang seharusnya masing-masing sebesar 9,00% dengan                        as of 31 December 2025 and 2024 each at 9.00%, with a daily
               ketentuan harian 0,00% dan rata-rata 9,00%, menjadi sebesar                        requirement of 0.00% and an average requirement of 9.00% was
               3,60% pada tanggal 31 Desember 2025 dengan ketentuan harian                        reduced to 3.60% as of 31 December 2025 with a daily requirement of
               0,00% dan rata-rata 3,60%, serta menjadi sebesar 5,00% pada                        0.00% and an average requirement of 3.60%, and to 5.00% as of
               tanggal 31 Desember 2024 dengan ketentuan harian 0,00% dan                         31 December 2024 with a daily requirement of 0.00% and an average
               rata-rata 5,00%.                                                                   requirement of 5.00%.


         Bank telah memenuhi rasio sesuai ketentuan di                                           The Bank has fulfilled the ratio as mentioned
         atas. Rasio GWM Rupiah dan valuta asing serta                                           above. The Rupiah and foreign currencies
         PLM (Bank Mandiri saja) yaitu masing-masing                                             Minimum      Statutory     Reserves Ratio and
         sebesar:                                                                                Macroprudential Liquidity Buffer Ratio (Bank
                                                                                                 Mandiri only), are as follows:

                                                            31 Desember 2025/         31 Desember 2024/
                                                            31 December 2025          31 December 2024

        Rupiah                                                                                                                                        Rupiah
                                                                                                                                   Primary Minimum Statutory
        GWM                                                                   7,12%                     5,21%                                   Reserve
        (i) GWM secara harian*)                                               0,00%                     0,00%         (i) Daily Minimum Statutory Reserve*)
                                                                                                                             (ii) Average Minimum Statutory
        (ii) GWM secara rata-rata                                             7,12%                     5,21%                                   Reserve
        Penyangga Likuiditas                                                                                                        Macroprudential Liquidity
            Makroprudensial                                                  14,04%                     9,17%                                      Buffer
        Mata uang asing                                                                                                                   Foreign currencies
                                                                                                                                  Primary Minimum Statutory
        GWM                                                                   4,10%                     4,10%                                   Reserve



                                                                              478
Page 1493
                                                                                                         The original consolidated financial statements
                                                                                                       included herein are in the Indonesian language.

          PT BANK MANDIRI (PERSERO) Tbk                                                      PT BANK MANDIRI (PERSERO) Tbk
              DAN ENTITAS ANAKNYA                                                                  AND ITS SUBSIDIARIES
        CATATAN ATAS LAPORAN KEUANGAN                                                         NOTES TO THE CONSOLIDATED
                   KONSOLIDASIAN                                                                  FINANCIAL STATEMENTS
         Tanggal 31 Desember 2025 dan untuk                                                    As of 31 December 2025 and for
        Tahun Berakhir pada Tanggal Tersebut                                                      for the Year Then Ended
           (Disajikan dalam jutaan Rupiah,                                                    (Expressed in millions of Rupiah,
               kecuali dinyatakan lain)                                                           unless otherwise stated)

65. INFORMASI TAMBAHAN (lanjutan)                                                65. ADDITIONAL INFORMATION (continued)

   Informasi tambahan berikut yang disajikan di bawah ini                           The following additional information presented below is
   merupakan informasi yang disyaratkan oleh regulasi                               information required by applicable regulations and is not
   yang berlaku dan bukan/tidak merupakan informasi                                 information required by Indonesian Accounting
   yang dipersyaratkan oleh Standar Akuntansi                                       Standards. (continued)
   Indonesia. (lanjutan)

   a.     Giro Wajib Minimum (GWM), Penyangga                                       a.   Minimum Statutory Reserves, Macroprudential
          Likuiditas Makroprudensial (PLM), dan Rasio                                    Liquidity    Buffer,   and     Macroprudential
          Intermediasi Makroprudensial (RIM) (lanjutan)                                  Intermediation Ratio (continued)

          Bank telah memenuhi rasio sesuai ketentuan di                                   The Bank has fulfilled the ratio as mentioned
          atas. Rasio GWM Rupiah dan valuta asing serta                                   above. The Rupiah and foreign currencies
          PLM (Bank Mandiri saja) yaitu masing-masing                                     Minimum      Statutory     Reserves     Ratio and
          sebesar: (lanjutan)                                                             Macroprudential Liquidity Buffer Ratio (Bank
                                                                                          Mandiri only), are as follows: (continued)

                                                           31 Desember 2025/       31 Desember 2024/
                                                           31 December 2025        31 December 2024

        (i)      GWM secara harian**)                                      2,00%                  2,00%          (i) Daily Minimum Statutory Reserve**)
                                                                                                                        (ii) Average Minimum Statutory
        (ii)     GWM secara rata-rata                                      2,10%                  2,10%                                    Reserve
          *)
                Realisasi GWM harian Rupiah posisi 31 Desember 2025 dan 2024             *) Realization of daily Rupiah minimum statutory reserve as of
                masing-masing sebesar 13,92% dan 6,52%.                                     31 December 2025 and 2024 were 13.92% and 6.52%, respectively.
          **)
                Realisasi GWM harian Mata Uang Asing posisi 31 Desember 2025             **) Realization of daily foreign currencies minimum statutory reserve as of
                dan 2024 masing-masing sebesar 4,10% dan 4,10%.                              31 December 2025 and 2024 were 4.10% and 4.10%, respectively.


           Pada tanggal 31 Desember 2025 dan 2024, Bank                                  As of 31 December 2025 and 2024, the Bank is
           berkewajiban untuk melakukan pemenuhan Giro                                   obliged to fulfill the RIM Current Account of 0.00%
           RIM masing-masing sebesar 0,00% dan 0,25%                                     and 0.25%, respectively, and the Bank has fulfilled
           dan Bank telah melakukan pemenuhan kewajiban                                  these obligations.
           tersebut.

          Pada tanggal 31 Desember 2025 (Bank Mandiri                                     As of 31 December 2025 (Bank Mandiri only), the
          saja), posisi GWM Rupiah rata-rata adalah                                       Bank maintained average Rupiah GWM of 7.12%
          sebesar 7,12% dari total DPK Rupiah, sesuai                                     from total outstanding deposit from customers
          dengan limit yang telah ditetapkan, sedangkan                                   denominated in Rupiah in accordance with the
          untuk Giro RIM adalah sebesar 0,00% dan PLM                                     regulated limit, while for RIM disincentive ratio is
          adalah sebesar 14,04% dari total DPK Rupiah.                                    0.00% and PLM ratio of 14.04% from the
          Sementara untuk posisi GWM valas rata-rata                                      outstanding deposit from customer denominated in
          adalah sebesar 4.10% dari total DPK valuta asing                                Rupiah. Meanwhile for the foreign currency, the
          sesuai dengan limit yang ditetapkan.                                            Bank maintained average foreign exchange GWM
                                                                                          at 4.10% from the outstanding deposits from
                                                                                          customer denominated in foreign currency in
                                                                                          accordance with the regulated limit.




                                                                           479
Page 1494
                                                                                                                                     The original consolidated financial statements
                                                                                                                                   included herein are in the Indonesian language.

          PT BANK MANDIRI (PERSERO) Tbk                                                                                 PT BANK MANDIRI (PERSERO) Tbk
              DAN ENTITAS ANAKNYA                                                                                             AND ITS SUBSIDIARIES
        CATATAN ATAS LAPORAN KEUANGAN                                                                                    NOTES TO THE CONSOLIDATED
                   KONSOLIDASIAN                                                                                             FINANCIAL STATEMENTS
         Tanggal 31 Desember 2025 dan untuk                                                                               As of 31 December 2025 and for
        Tahun Berakhir pada Tanggal Tersebut                                                                                 for the Year Then Ended
           (Disajikan dalam jutaan Rupiah,                                                                               (Expressed in millions of Rupiah,
               kecuali dinyatakan lain)                                                                                      unless otherwise stated)

65. INFORMASI TAMBAHAN (lanjutan)                                                                  65. ADDITIONAL INFORMATION (continued)

   Informasi tambahan berikut yang disajikan di bawah ini                                               The following additional information presented below is
   merupakan informasi yang disyaratkan oleh regulasi                                                   information required by applicable regulations and is not
   yang berlaku dan bukan/tidak merupakan informasi                                                     information required by Indonesian Accounting
   yang dipersyaratkan oleh Standar Akuntansi                                                           Standards. (continued)
   Indonesia. (lanjutan)

   b.    Posisi Devisa Neto (PDN)                                                                       b.       Net Open Position (NOP)

         Posisi devisa neto Bank Mandiri saja berdasarkan                                                        Net open position of Bank Mandiri by currencies
         mata uang (dinyatakan dalam Rupiah) pada                                                                (expressed in Rupiah) as of 31 December 2025 as
         tanggal 31 Desember 2025 adalah sebagai                                                                 follows:
         berikut:

                                                                                                                                Posisi devisa
                                                                             Aset/                  Liabilitas/                     neto/
                                  Mata uang                                 Assets                  Liabilities               Net open position                               Currency

        KESELURUHAN (LAPORAN                                                                                                                                       OVERALL (STATEMENT OF
          POSISI KEUANGAN                                                                                                                                            FINANCIAL POSITION
          DAN REKENING                                                                                                                                              AND ADMINISTRATIVE
          ADMINISTRATIF)**)                                                                                                                                                 ACCOUNTS)**)

               Dolar Amerika Serikat                                       902.006.928               899.642.785                         2.364.143                       United States Dollar
               Euro Eropa                                                   20.003.600                19.805.065                           198.535                             European Euro
               Dolar Singapura                                               7.774.071                 7.681.034                            93.037                            Singapore Dollar
               Yen Jepang                                                   24.744.275                25.007.755                           263.480                              Japanese Yen
               Dolar Australia                                               3.070.897                 3.055.323                            15.574                            Australian Dollar
               Pound Sterling Inggris                                        3.168.211                 3.244.831                            76.620                Great Britain Pound Sterling
               Dolar Hong Kong                                                 850.660                   847.942                             2.718                          Hong Kong Dollar
               Lain-lain                                                    22.730.591                21.488.378                         1.448.597                                      Others

        Total                                                                                                                            4.462.704                                                  Total


        Total Modal (Catatan 65c)                                                                                                    253.294.877                          Total Capital (Note 65c)


        Rasio PDN (keseluruhan)                                                                                                               1,76%                               NOP ratio (overall)

              Rasio PDN pada tanggal 31 Desember 2025 jika                                                       Net Open Position ratio as of 31 December 2025 if
              menggunakan modal bulan November 2025                                                              calculated using November 2025 capital as follows:
              adalah sebagai berikut:

        Modal bulan November 2025/November 2025 Capital                                                                                                                                  251.609.941
            Rasio PDN (keseluruhan)**) /NOP ratio (overall)**)                                                                                                                                1,77%

         Posisi devisa neto Bank Mandiri saja berdasarkan                                                        Net open position of Bank Mandiri by currencies
         mata uang (dinyatakan dalam Rupiah) pada                                                                (expressed in Rupiah) as of 31 December 2024 as
         tanggal 31 Desember 2024 adalah sebagai                                                                 follows:
         berikut:

                                                                                                                              Posisi devisa
                                                                           Aset/                   Liabilitas/                    neto/
                            Mata uang                                     Assets                   Liabilities              Net open position                               Currency

        KESELURUHAN (LAPORAN                                                                                                                                       OVERALL (STATEMENT OF
          POSISI KEUANGAN                                                                                                                                            FINANCIAL POSITION
          DAN REKENING                                                                                                                                              AND ADMINISTRATIVE
          ADMINISTRATIF)**)                                                                                                                                                 ACCOUNTS)**)
               Dolar Amerika Serikat                                       635.657.537               637.357.047                         1.699.510                           United States Dollar
               Euro Eropa                                                   13.464.091                13.380.144                            83.947                                European Euro
               Dolar Singapura                                               5.334.006                 5.581.912                           247.906                              Singapore Dollar

         *)                                                                                                      *)
                Merupakan penjumlahan absolut dari selisih antara aset dan liabilitas beberapa                         Represents total absolute amount of difference between assets and liabilities from
                mata uang asing lainnya.                                                                               other foreign currencies.
         **)                                                                                                     **)
                Perhitungan posisi devisa neto Bank berdasarkan pada Peraturan Bank                                    The calculation of the Bank’s net open position is based on Bank Indonesia’s
                Indonesia No. 12/10/PBI/2010 tanggal 1 Juli 2010 dan Peraturan Bank Indonesia                          regulation No. 12/10/PBI/2010 dated 1 July 2010 and Bank Indonesia’s regulation
                No. 17/5/PBI/2015 tanggal 29 Mei 2015 tentang Perubahan Keempat atas                                   No. 17/5/PBI/2015 dated 29 May 2015 regarding the Fourth amendment of Bank
                Peraturan Bank Indonesia No. 5/13/PBI/2003 tentang Posisi Devisa Neto Bank                             Indonesia’s regulation No. 5/13/PBI/2003 regarding net open position for Commercial
                Umum. Berdasarkan peraturan tersebut, mulai tanggal 1 Juli 2010, Bank hanya                            Banks. Under the regulation, starting on 1 July 2010, the Bank is only required to keep
                diwajibkan untuk menjaga posisi devisa neto secara keseluruhan maksimum 20%                            the net open position of a maximum of 20% of total capital.
                dari total modal.

                                                                                             480
Page 1495
                                                                                                                                     The original consolidated financial statements
                                                                                                                                   included herein are in the Indonesian language.

          PT BANK MANDIRI (PERSERO) Tbk                                                                                 PT BANK MANDIRI (PERSERO) Tbk
              DAN ENTITAS ANAKNYA                                                                                             AND ITS SUBSIDIARIES
        CATATAN ATAS LAPORAN KEUANGAN                                                                                    NOTES TO THE CONSOLIDATED
                   KONSOLIDASIAN                                                                                             FINANCIAL STATEMENTS
         Tanggal 31 Desember 2025 dan untuk                                                                               As of 31 December 2025 and for
        Tahun Berakhir pada Tanggal Tersebut                                                                                 for the Year Then Ended
           (Disajikan dalam jutaan Rupiah,                                                                               (Expressed in millions of Rupiah,
               kecuali dinyatakan lain)                                                                                      unless otherwise stated)

65. INFORMASI TAMBAHAN (lanjutan)                                                                  65. ADDITIONAL INFORMATION (continued)

   Informasi tambahan berikut yang disajikan di bawah ini                                               The following additional information presented below is
   merupakan informasi yang disyaratkan oleh regulasi                                                   information required by applicable regulations and is not
   yang berlaku dan bukan/tidak merupakan informasi                                                     information required by Indonesian Accounting
   yang dipersyaratkan oleh Standar Akuntansi                                                           Standards. (continued)
   Indonesia. (lanjutan)

   b.    Posisi Devisa Neto (PDN) (lanjutan)                                                            b.       Net Open Position (NOP) (continued)

         Posisi devisa neto Bank Mandiri saja berdasarkan                                                        Net open position of Bank Mandiri by currencies
         mata uang (dinyatakan dalam Rupiah) pada                                                                (expressed in Rupiah) as of 31 December 2024 as
         tanggal 31 Desember 2024 adalah sebagai                                                                 follows: (continued)
         berikut: (lanjutan)

                                                                                                                              Posisi devisa
                                                                           Aset/                   Liabilitas/                    neto/
                            Mata uang                                     Assets                   Liabilities              Net open position                               Currency

        KESELURUHAN (LAPORAN                                                                                                                                       OVERALL (STATEMENT OF
          POSISI KEUANGAN                                                                                                                                            FINANCIAL POSITION
          DAN REKENING                                                                                                                                              AND ADMINISTRATIVE
          ADMINISTRATIF)**) (lanjutan)                                                                                                                             ACCOUNTS)**) (continued)
               Yen Jepang                                                   11.001.825                11.031.642                            29.817                              Japanese Yen
               Dolar Australia                                               1.653.860                 1.673.032                            19.172                            Australian Dollar
               Pound Sterling Inggris                                        1.738.946                 1.777.549                            38.603                Great Britain Pound Sterling
               Dolar Hong Kong                                                 224.924                   147.959                            76.965                          Hong Kong Dollar
               Lain-lain                                                    13.039.651                13.185.410                           246.623*)                                    Others

        Total                                                                                                                            2.442.543                                                  Total


        Total Modal (Catatan 65c)                                                                                                    244.258.632                          Total Capital (Note 65c)


        Rasio PDN (keseluruhan)                                                                                                               1,00%                               NOP ratio (overall)

         Rasio PDN pada tanggal 31 Desember 2024 jika                                                            Net Open Position ratio as of 31 December 2024 if
         menggunakan modal bulan November 2024                                                                   calculated using November 2024 capital as follows:
         adalah sebagai berikut:

        Modal bulan November 2024/November 2024 Capital                                                                                                                                  240.756.495
        Rasio PDN (keseluruhan)**) /NOP ratio (overall)**)                                                                                                                                    1,01%
         *)                                                                                                      *)
                Merupakan penjumlahan absolut dari selisih antara aset dan liabilitas beberapa                         Represents total absolute amount of difference between assets and liabilities from
                mata uang asing lainnya.                                                                               other foreign currencies.
         **)                                                                                                     **)
                Perhitungan posisi devisa neto Bank berdasarkan pada Peraturan Bank                                    The calculation of the Bank’s net open position is based on Bank Indonesia’s
                Indonesia No. 12/10/PBI/2010 tanggal 1 Juli 2010 dan Peraturan Bank Indonesia                          regulation No. 12/10/PBI/2010 dated 1 July 2010 and Bank Indonesia’s regulation
                No. 17/5/PBI/2015 tanggal 29 Mei 2015 tentang Perubahan Keempat atas                                   No. 17/5/PBI/2015 dated 29 May 2015 regarding the Fourth amendment of Bank
                Peraturan Bank Indonesia No. 5/13/PBI/2003 tentang Posisi Devisa Neto Bank                             Indonesia’s regulation No. 5/13/PBI/2003 regarding net open position for Commercial
                Umum. Berdasarkan peraturan tersebut, mulai tanggal 1 Juli 2010, Bank hanya                            Banks. Under the regulation, starting on 1 July 2010, the Bank is only required to keep
                diwajibkan untuk menjaga posisi devisa neto secara keseluruhan maksimum 20%                            the net open position of a maximum of 20% of total capitall.
                dari total modal.


   c.    Kewajiban                 Penyediaan                Modal           Minimum                    c.       Capital Adequacy Ratio
         (KPMM)

         Pengelolaan risiko melalui modal                                                                        Capital risk management

         Kebijakan permodalan Bank Mandiri adalah                                                                Bank Mandiri's capital policy is prudently to comply
         secara prudent memenuhi regulatory capital                                                              with the regulatory capital requirement, to diversify its
         requirement, melakukan diversifikasi sumber                                                             capital resources to anticipate long-term strategic
         permodalan untuk mengantisipasi rencana                                                                 plans and to efficiently allocate capital to business
         strategis jangka panjang dan mengalokasikan                                                             segments that have the potential to provide an
         modal secara efisien pada segmen bisnis yang                                                            optimal risk-return profile, including placement and
         memiliki potensi untuk memberikan profil risk-                                                          investment in Subsidiaries in order to meet
         return yang optimal, termasuk penempatan dan                                                            stakeholder’s expectations including investors and
         penyertaan pada Entitas Anak dalam rangka                                                               regulators.
         memenuhi ekspektasi stakeholder termasuk
         investor dan regulator.

                                                                                             481
Page 1496
                                                                                       The original consolidated financial statements
                                                                                     included herein are in the Indonesian language.

          PT BANK MANDIRI (PERSERO) Tbk                                       PT BANK MANDIRI (PERSERO) Tbk
              DAN ENTITAS ANAKNYA                                                   AND ITS SUBSIDIARIES
        CATATAN ATAS LAPORAN KEUANGAN                                          NOTES TO THE CONSOLIDATED
                   KONSOLIDASIAN                                                   FINANCIAL STATEMENTS
         Tanggal 31 Desember 2025 dan untuk                                     As of 31 December 2025 and for
        Tahun Berakhir pada Tanggal Tersebut                                       for the Year Then Ended
           (Disajikan dalam jutaan Rupiah,                                     (Expressed in millions of Rupiah,
               kecuali dinyatakan lain)                                            unless otherwise stated)

65. INFORMASI TAMBAHAN (lanjutan)                                  65. ADDITIONAL INFORMATION (continued)

   Informasi tambahan berikut yang disajikan di bawah ini             The following additional information presented below is
   merupakan informasi yang disyaratkan oleh regulasi                 information required by applicable regulations and is not
   yang berlaku dan bukan/tidak merupakan informasi                   information required by Indonesian Accounting
   yang dipersyaratkan oleh Standar Akuntansi                         Standards. (continued)
   Indonesia. (lanjutan)

   c.    Kewajiban Penyediaan              Modal   Minimum            c.   Capital Adequacy Ratio (continued)
         (KPMM) (lanjutan)

         Pengelolaan risiko melalui modal (lanjutan)                       Capital risk management (continued)

         Bank Mandiri memastikan memiliki kecukupan                        Bank Mandiri ensures it has sufficient capital to cover
         modal untuk dapat memenuhi risiko kredit, risiko                  credit risk, market risk and operational risk, both in
         pasar dan risiko operasional, baik dalam                          supporting business growth in normal conditions and
         mendukung pertumbuhan bisnis pada kondisi                         anticipating stress conditions.
         normal maupun untuk mengantisipasi terjadinya
         kondisi stress.

         Dalam perhitungan kecukupan modal, Bank                           In calculating capital adequacy, the Bank refers to
         mengacu pada POJK No. 11/POJK.03/2016                             POJK No. 11/POJK.03/2016 regarding Minimum
         tentang Kewajiban Penyediaan Modal Minimum                        Capital Adequacy Requirement for Commercial
         Bank Umum yang diubah oleh POJK                                   Banks,        as       amended       by      POJK
         No.      34/POJK.03/2016     dan      POJK                        No.        34/POJK.03/2016         and       POJK
         No. 27/POJK.03/2022.                                              No. 27/POJK.03/2022.

         Untuk perhitungan Aset Tertimbang Menurut                         For the calculation of Risk-Weighted Assets (RWA),
         Risiko (ATMR), Bank menggunakan Pendekatan                        the Bank employs Standardized Approach in
         Standar yang mengacu kepada Basel III Reforms                     accordance with Basel III Reforms (Standardized
         (Standardized Approach) untuk Risiko Kredit,                      Approach) for Credit Risk, Market Risk, and
         Risiko Pasar dan Risiko Operasional. Untuk Risiko                 Operational Risk. For Market Risk, the Bank also
         Besar, Bank juga secara internal menggunakan                      employs Value at Risk internally.
         Value at Risk.

         Hasil perhitungan ATMR (Kredit, Operasional, dan                  The calculation result of RWA (Credit, Operational,
         Pasar) serta Rasio Kecukupan Modal (Bank                          and Market) and Capital Adequacy Ratio (CAR)
         Mandiri saja) adalah sebagai berikut:                             (Bank Mandiri only) are as follows:

                                                        Tahun yang berakhir
                                                     pada tanggal 31 Desember/
                                                      Year ended 31 December

                                                      2025                  2024
        Modal:                                                                                                           Capital:
          Modal inti                                 238.082.036            229.932.670                             Core capital
          Modal pelengkap                             15.212.841             14.325.962                     Supplementary capital
          Jumlah modal untuk risiko kredit,                                                             Total capital for credit risk,
            risiko operasional, dan                                                                         operational risk, and
            risiko pasar                             253.294.877            244.258.632                                market risk

          Aset Tertimbang Menurut Risiko
            (ATMR) kredit1                          1.208.049.003          1.132.192.033           Risk-Weighted Assets for credit
          Aset Tertimbang Menurut Risiko                                                                Risk-Weighted Assets for
            (ATMR) operasional2                       64.518.330             62.675.961                            operational
          Aset Tertimbang Menurut Risiko                                                                Risk-Weighted Assets for
            (ATMR) pasar3                             35.887.720             20.289.449                                 market
          Jumlah ATMR untuk risiko kredit,                                                  Total Risk-Weighted Assets for credit,
            risiko operasional, dan                                                                        operational risk, and
            risiko pasar                            1.308.455.053          1.215.157.443                            market risk




                                                             482
Page 1497
                                                                                                                     The original consolidated financial statements
                                                                                                                   included herein are in the Indonesian language.

          PT BANK MANDIRI (PERSERO) Tbk                                                                 PT BANK MANDIRI (PERSERO) Tbk
              DAN ENTITAS ANAKNYA                                                                             AND ITS SUBSIDIARIES
        CATATAN ATAS LAPORAN KEUANGAN                                                                    NOTES TO THE CONSOLIDATED
                   KONSOLIDASIAN                                                                             FINANCIAL STATEMENTS
         Tanggal 31 Desember 2025 dan untuk                                                               As of 31 December 2025 and for
        Tahun Berakhir pada Tanggal Tersebut                                                                 for the Year Then Ended
           (Disajikan dalam jutaan Rupiah,                                                               (Expressed in millions of Rupiah,
               kecuali dinyatakan lain)                                                                      unless otherwise stated)

65. INFORMASI      TAMBAHAN YANG    TIDAK                                                65. ADDITIONAL INFORMATION THAT IS NOT
    DIPERSYARATKAN OLEH STANDAR AKUNTANSI                                                    REQUIRED   BY     INDONESIAN ACCOUNTING
    INDONESIA (lanjutan)                                                                     STANDARDS (continued)

   Informasi tambahan berikut yang disajikan di bawah ini                                    The following additional information presented below is
   merupakan informasi yang disyaratkan oleh regulasi                                        information required by applicable regulations and is not
   yang berlaku dan bukan/tidak merupakan informasi                                          information required by Indonesian Accounting
   yang dipersyaratkan oleh Standar Akuntansi                                                Standards. (continued)
   Indonesia. (lanjutan)

   c.    Kewajiban Penyediaan                         Modal          Minimum                 c.    Capital Adequacy Ratio (continued)
         (KPMM) (lanjutan)

         Pengelolaan risiko melalui modal (lanjutan)                                               Capital risk management (continued)

         Hasil perhitungan ATMR (Kredit, Operasional, dan                                          The calculation result of RWA (Credit, Operational,
         Pasar) serta Rasio Kecukupan Modal (Bank                                                  and Market) and Capital Adequacy Ratio (CAR)
         Mandiri saja) adalah sebagai berikut: (lanjutan)                                          (Bank Mandiri only) are as follows: (continued)

                                                                             Tahun yang berakhir
                                                                          pada tanggal 31 Desember/
                                                                           Year ended 31 December
                                                                            2025                     2024

        CAR untuk modal inti                                                     18,20%                     18,92%                             CAR for core capital
        CAR untuk risiko kredit,                                                                                                                 CAR for credit risk,
          operasional dan pasar                                                  19,36%                     20,10%                operational risk and market risk
        CAR minimum modal inti                                                    6,00%                      6,00%                     Minimum CAR core capital4
        CAR minimum sesuai profil risiko                                          9,74%                      9,69%              Minimum CAR based on risk profile5

         Rasio kecukupan modal Bank secara konsolidasian                                          The Bank’s capital adequacy ratio on a consolidated
         pada tanggal 31 Desember 2025 dan 2024                                                   basis as of 31 December 2025 and 2024 including
         dengan memperhitungkan risiko kredit, operasional                                        credit risk, operational risk and market risk are
         dan pasar masing-masing adalah 20,43% dan                                                20.43% and 20.82%, respectively.
         20,82%.
         i) Mengacu pada SEOJK No. 24/SEOJK.03/2021 tentang Pedoman                               i) Referring to SEOJK No. 24/SEOJK.03/2021 regarding Guidelines for
              Perhitungan ATMR untuk Risiko Kredit dengan Menggunakan                                  Calculation of Risk Weighted Assets (“RWA”) for Credit Risk Using the
              Pendekatan Standar, SEOJK No. 48/SEOJK.03/2017 tentang Pedoman                           Standardized Approach, SEOJK No. 48/SEOJK.03/2017 regarding
              Perhitungan Tagihan Bersih Transaksi Derivatif dalam Perhitungan Aset                    Guidelines for Calculation of Net Receivables of Derivative Transactions in
              Tertimbang Menurut Risiko untuk Risiko Kredit Dengan Menggunakan                         Risk-Weighted Asset Calculations for Credit Risk Using the Standardized
              Pendekatan Standar dan POJK No. 11/POJK.03/2019 tentang Prinsip                          Approach and POJK No. 11/POJK.03/2019 regarding Prudential Principles
              Kehati-hatian dalam Aktivitas Sekuritisasi Aset Bagi Bank Umum.                          in Assets Securitization Activities for Commercial Banks.
         ii) Mengacu pada SEOJK No. 6/SEOJK.03/2020 tentang Perhitungan                           ii) Referring to SEOJK No. 6/SEOJK.03/2020 regarding Calculation of Risk
              ATMR untuk Risiko Operasional dengan Menggunakan Pendekatan                              Weighted Assets for Operational Risk Using the Standardized Approach for
              Standar Bagi Bank Umum.                                                                  Commercial Banks.
         iii) Mengacu pada SEOJK No. 38/SEOJK.03/2016 tentang Pedoman                             iii) Referring to SEOJK No. 38/SEOJK.03/2016 regarding Guidelines for the
              Penggunaan Metode Standar dalam Perhitungan Kewajiban Penyediaan                         Use of Standardized Method in Calculation of Minimum Capital Adequacy
              Modal Minimum Bank Umum dengan Memperhitungkan Risiko Pasar.                             Requirement for Commercial Banks by Taking Market Risk Into Account.
         iv) Berdasarkan POJK No. 27/POJK.03/2022 tentang Perubahan kedua                         iv) Based on POJK No. 27/POJK.03/2022 concerning the second amendment
              atas POJK Nomor 11/POJK.03/2016 tentang Kewajiban Penyediaan                             to POJK Number 11/POJK.03/2016 concerning Minimum Capital
              Modal Minimum Bank Umum, Bank wajib menyediakan modal inti paling                        Requirements for Commercial Banks, Banks are required to provide core
              rendah sebesar 6% (enam persen) dari ATMR baik secara individu                           capital of at least 6% (six percent) of RWA both individually and consolidated
              maupun konsolidasi dengan perusahaan anak.                                               with subsidiary company.
         v) CAR minimum untuk risiko-risiko utama Pillar 1 dan risiko-risiko                      v) Minimum CAR for Pillar 1 main risks and Pillar 2 additional risks (capital add-
              tambahan Pillar 2 (capital add-on) berdasarkan metode Internal Capital                   on) based on the Internal Capital Adequacy Assessment Process (ICAAP)
              Adequacy Assessment Process (ICAAP).                                                     method.


   d.    Giro pada Bank Lain                                                                 d.    Current Accounts With Other Banks

         Berdasarkan kolektibilitas sesuai POJK:                                                    By collectability based on FSA regulation:

                                                                31 Desember 2025/           31 Desember 2024/
                                                                31 December 2025            31 December 2024
        Lancar                                                              60.952.583                 46.668.439                                                        Current
        Dikurangi: cadangan kerugian                                                                                                                    Less: allowance for
          penurunan nilai                                                        (27.621)                   (30.755 )                                  impairment losses
        Neto                                                                60.924.962                 46.637.684                                                              Net


                                                                                   483
Page 1498
                                                                                    The original consolidated financial statements
                                                                                  included herein are in the Indonesian language.

          PT BANK MANDIRI (PERSERO) Tbk                                    PT BANK MANDIRI (PERSERO) Tbk
              DAN ENTITAS ANAKNYA                                                AND ITS SUBSIDIARIES
        CATATAN ATAS LAPORAN KEUANGAN                                       NOTES TO THE CONSOLIDATED
                   KONSOLIDASIAN                                                FINANCIAL STATEMENTS
         Tanggal 31 Desember 2025 dan untuk                                  As of 31 December 2025 and for
        Tahun Berakhir pada Tanggal Tersebut                                    for the Year Then Ended
           (Disajikan dalam jutaan Rupiah,                                  (Expressed in millions of Rupiah,
               kecuali dinyatakan lain)                                         unless otherwise stated)

65. INFORMASI      TAMBAHAN YANG    TIDAK                     65. ADDITIONAL INFORMATION THAT IS NOT
    DIPERSYARATKAN OLEH STANDAR AKUNTANSI                         REQUIRED   BY     INDONESIAN ACCOUNTING
    INDONESIA (lanjutan)                                          STANDARDS (continued)

   Informasi tambahan berikut yang disajikan di bawah ini          The following additional information presented below is
   merupakan informasi yang disyaratkan oleh regulasi              information required by applicable regulations and is not
   yang berlaku dan bukan/tidak merupakan informasi                information required by Indonesian Accounting
   yang dipersyaratkan oleh Standar Akuntansi                      Standards. (continued)
   Indonesia. (lanjutan)

   e.    Penempatan pada Bank Indonesia dan Bank                   e.   Placements with Bank Indonesia and Other
         Lain                                                           Banks

         Berdasarkan kolektibilitas sesuai POJK:                        By collectability based on FSA regulation:

                                            31 Desember 2025/     31 Desember 2024/
                                            31 December 2025      31 December 2024

        Lancar                                      50.471.834            63.230.054                                    Current

        Dikurangi: cadangan kerugian                                                                        Less: allowance for
          penurunan nilai                               (1.586)               (1.679)                      impairment losses

        Neto                                        50.470.248            63.228.375                                        Net


   f.    Efek-efek                                                 f.   Marketable securities

         Berdasarkan kolektibilitas sesuai POJK:                        By collectability based on FSA regulation:

                                            31 Desember 2025/     31 Desember 2024/
                                            31 December 2025      31 December 2024

        Lancar                                     124.758.602            95.520.874                                    Current
        Macet                                           10.092                 8.674                                      Loss

        Total                                      124.768.694            95.529.548                                       Total


        Dikurangi: cadangan kerugian                                                                        Less: allowance for
          penurunan nilai                              (40.720)              (51.497 )                     impairment losses

        Neto                                       124.727.974            95.478.051                                        Net


   g.    Obligasi Pemerintah                                       g.   Government Bonds

         Pada tanggal 31 Desember 2025 dan 2024,                        As of 31 December 2025 and 2024, Bank
         kolektibilitas Bank Indonesia untuk Obligasi                   Indonesia’s collectability for Government Bonds is
         Pemerintah adalah lancar.                                      current.

   h.    Tagihan Lainnya - Transaksi Perdagangan                   h.   Other Receivables - Trade Transactions

         Berdasarkan kolektibilitas sesuai POJK:                        By collectability based on FSA regulation:

                                            31 Desember 2025/     31 Desember 2024/
                                            31 December 2025      31 December 2024
        Lancar                                      30.680.959            28.565.530                                    Current
        Dalam perhatian khusus                          43.337               101.066                            Special mention
        Macet                                        1.347.815             1.307.521                                      Loss
        Total                                       32.072.111            29.974.117                                      Total
        Dikurangi: cadangan kerugian                                                                        Less: allowance for
          penurunan nilai                           (1.432.270)           (1.422.889)                      impairment losses
        Neto                                        30.639.841            28.551.228                                        Net




                                                        484
Page 1499
                                                                                                                             The original consolidated financial statements
                                                                                                                           included herein are in the Indonesian language.

          PT BANK MANDIRI (PERSERO) Tbk                                                                       PT BANK MANDIRI (PERSERO) Tbk
              DAN ENTITAS ANAKNYA                                                                                   AND ITS SUBSIDIARIES
        CATATAN ATAS LAPORAN KEUANGAN                                                                          NOTES TO THE CONSOLIDATED
                   KONSOLIDASIAN                                                                                   FINANCIAL STATEMENTS
         Tanggal 31 Desember 2025 dan untuk                                                                     As of 31 December 2025 and for
        Tahun Berakhir pada Tanggal Tersebut                                                                       for the Year Then Ended
           (Disajikan dalam jutaan Rupiah,                                                                     (Expressed in millions of Rupiah,
               kecuali dinyatakan lain)                                                                            unless otherwise stated)

65. INFORMASI      TAMBAHAN YANG    TIDAK                                              65. ADDITIONAL INFORMATION THAT IS NOT
    DIPERSYARATKAN OLEH STANDAR AKUNTANSI                                                  REQUIRED   BY     INDONESIAN ACCOUNTING
    INDONESIA (lanjutan)                                                                   STANDARDS (continued)

   Informasi tambahan berikut yang disajikan di bawah ini                                        The following additional information presented below is
   merupakan informasi yang disyaratkan oleh regulasi                                            information required by applicable regulations and is not
   yang berlaku dan bukan/tidak merupakan informasi                                              information required by Indonesian Accounting
   yang dipersyaratkan oleh Standar Akuntansi                                                    Standards. (continued)
   Indonesia. (lanjutan)

   i.    Tagihan Atas Efek-Efek Yang Dibeli Dengan                                               i.      Securities Purchased Under Agreements To
         Janji Dijual Kembali                                                                            Resell

         Berdasarkan kolektibilitas sesuai POJK:                                                         By collectability based on FSA regulation:
                                                              31 Desember 2025/              31 Desember 2024/
                                                              31 December 2025               31 December 2024
         Lancar                                                           3.903.777                           8.290.138                                                        Current


   j.    Tagihan dan Liabilitas Derivatif                                                        j.      Derivative Receivables and Payables

         Pada tanggal 31 Desember 2025 dan 2024,                                                         As of 31 December 2025 and 2024, the FSA
         kolektibilitas OJK untuk tagihan derivatif adalah                                               collectability for derivative receivables is current
         lancar dan diklasifikasikan pada stage 1.                                                       and classified in stage 1.
   k.    Kredit  yang    Diberikan                      dan        Piutang/                      k.      Loans and Sharia Receivables/Financing
         Pembiayaan Syariah

         1. Kredit yang diberikan dan piutang/pembiayaan                                                1. Details of loans and sharia receivables/financing:
            syariah terdiri atas:

           a. Berdasarkan jenis dan kolektibilitas sesuai                                                   a. By type and collectability based on POJK:
              POJK:
                                                                          31 Desember 2025/31 December 2025

                                                                Dalam
                                                              perhatian
                                                               khusus/           Kurang
                                              Lancar/          Special           lancar/              Diragukan/            Macet/
                                              Current         mention          Substandard             Doubtful             Loss               Total

            Rupiah                                                                                                                                                               Rupiah
               Modal kerja                     381.492.262      18.506.292           341.403                436.695           3.396.517       404.173.169              Working capital
               Investasi*)                     477.334.855       6.814.310           158.771                135.451           3.133.763       487.577.150                Investment*)
               Konsumen                        350.350.601       9.964.331         1.778.177              2.063.096           6.284.730       370.440.935                  Consumer
               Program pemerintah               95.054.663       2.225.901           404.588                289.889             658.451        98.633.492         Government program
               Sindikasi**)                     85.859.572         503.897                 -                      -                   -        86.363.469               Syndication**)
               Karyawan                         51.651.771         222.777                 -                  1.428              12.142        51.888.118                 Employees
               Ekspor                           13.566.485          26.701                 -                      -                   -        13.593.186                      Export

            Total                            1.455.310.209      38.264.209         2.682.939              2.926.559          13.485.603      1.512.669.519                           Total

            Mata uang asing                                                                                                                                            Foreign currencies
               Investasi                       179.737.947        5.918.055                -                          -         814.013       186.470.015                 Investment
               Sindikasi***)                    95.503.062        3.445.703          159.884                          -               -        99.108.649                Syndication***)
               Modal kerja                      37.155.925        1.948.577                -                          -         343.843        39.448.345              Working capital
               Ekspor                            9.203.337           26.153                -                          -               -         9.229.490                      Export
               Konsumen                          3.041.938                -                -                          -               -         3.041.938                  Consumer
            Total (Catatan 62.B.(iv))          324.642.209      11.338.488           159.884                          -       1.157.856       337.298.437            Total (Note 62.B.(iv))

                                             1.779.952.418      49.602.697         2.842.823             2.926.559           14.643.459      1.849.967.956
            Dikurangi: cadangan                                                                                                                                        Less: allowance for
               kerugian penurunan nilai        (17.165.959)     (18.060.102)       (1.276.521)           (1.379.548)         (10.151.617)      (48.033.747)          impairment losses
            Neto                             1.762.786.459      31.542.595         1.566.302              1.547.011           4.491.842      1.801.934.209                             Net


               *)                                                                                              *)
                      Termasuk kredit yang diukur pada nilai wajar melalui                                                Including loans measured at fair value through other
                      penghasilan komprehensif lain, berdasarkan kategori                                                 comprehensive income, on the “current collectability” category in
                      “kolektibilitas lancar” pada mata uang Rupiah dengan jenis                                          Rupiah currency with an investment loan type amounted to
                      kredit investasi sebesar Rp293.471.                                                                 Rp293,471.
               **)                                                                                             **)
                      Termasuk kredit yang diukur pada nilai wajar melalui                                                Including loans measured at fair value through other
                      penghasilan komprehensif lain, berdasarkan kategori                                                 comprehensive income, on the “current collectability” category in
                      “kolektibilitas lancar” pada mata uang Rupiah dengan jenis                                          Rupiah currency with a syndication loan type amounted to
                      kredit sindikasi sebesar Rp3.054.761.                                                               Rp3,054,761.
               ***)                                                                                            ***)
                      Termasuk kredit yang diukur pada nilai wajar melalui                                                Including loans measured at fair value through other
                      penghasilan komprehensif lain, berdasarkan kategori                                                 comprehensive income, on the “current collectability” category in
                      “kolektibilitas lancar” pada mata uang asing dengan jenis                                           foreign currencies with a syndication loan type amounted to
                      kredit sindikasi sebesar Rp3.938.796.                                                               Rp3,938,796.

                                                                                485
Page 1500
                                                                                                                             The original consolidated financial statements
                                                                                                                           included herein are in the Indonesian language.

          PT BANK MANDIRI (PERSERO) Tbk                                                                       PT BANK MANDIRI (PERSERO) Tbk
              DAN ENTITAS ANAKNYA                                                                                   AND ITS SUBSIDIARIES
        CATATAN ATAS LAPORAN KEUANGAN                                                                          NOTES TO THE CONSOLIDATED
                   KONSOLIDASIAN                                                                                   FINANCIAL STATEMENTS
         Tanggal 31 Desember 2025 dan untuk                                                                     As of 31 December 2025 and for
        Tahun Berakhir pada Tanggal Tersebut                                                                       for the Year Then Ended
           (Disajikan dalam jutaan Rupiah,                                                                     (Expressed in millions of Rupiah,
               kecuali dinyatakan lain)                                                                            unless otherwise stated)

65. INFORMASI      TAMBAHAN YANG    TIDAK                                               65. ADDITIONAL INFORMATION THAT IS NOT
    DIPERSYARATKAN OLEH STANDAR AKUNTANSI                                                   REQUIRED   BY     INDONESIAN ACCOUNTING
    INDONESIA (lanjutan)                                                                    STANDARDS (continued)

   Informasi tambahan berikut yang disajikan di bawah ini                                        The following additional information presented below is
   merupakan informasi yang disyaratkan oleh regulasi                                            information required by applicable regulations and is not
   yang berlaku dan bukan/tidak merupakan informasi                                              information required by Indonesian Accounting
   yang dipersyaratkan oleh Standar Akuntansi                                                    Standards. (continued)
   Indonesia. (lanjutan)

   k.    Kredit  yang    Diberikan     dan                         Piutang/                      k.      Loans and                    Sharia           Receivables/Financing
         Pembiayaan Syariah (lanjutan)                                                                   (continued)

         1. Kredit yang diberikan dan piutang/pembiayaan                                                1. Details of loans and sharia receivables/financing:
            syariah terdiri atas: (lanjutan)                                                               (continued)

           a. Berdasarkan jenis dan kolektibilitas sesuai                                                   a. By type and collectability based on POJK:
              POJK: (lanjutan)                                                                                 (continued)

                                                                          31 Desember 2024/31 December 2024

                                                                Dalam
                                                              perhatian
                                                               khusus/          Kurang
                                              Lancar/          Special          lancar/               Diragukan/            Macet/
                                              Current         mention         Substandard              Doubtful             Loss               Total

            Rupiah                                                                                                                                                               Rupiah
               Modal kerja                     397.863.732      19.284.340            473.179               623.199           3.874.238       422.118.688              Working capital
               Investasi*)                     338.969.128       6.648.747            184.330               103.869           3.171.480       349.077.554                Investment*)
               Konsumen                        322.937.142      10.488.337          1.653.269             1.890.241           3.453.096       340.422.085                  Consumer
               Program **)
                         pemerintah             89.605.652       2.247.823            358.355               324.076             351.927        92.887.833         Government program
               Sindikasi                        72.899.306         511.981                  -                     -                   -        73.411.287               Syndication**)
               Karyawan                         48.620.514         172.074                500                 1.044              11.652        48.805.784                 Employees
               Ekspor                           11.081.146          29.904                  -                     -               1.777        11.112.827                      Export
            Total                            1.281.976.620       39.383.206         2.669.633             2.942.429          10.864.170      1.337.836.058                           Total

            Mata uang asing                                                                                                                                            Foreign currencies
               Investasi                       146.380.882        5.763.917                 -                         -         806.090       152.950.889                 Investment
               Sindikasi***)                    74.624.052        3.501.260           164.881                         -               -        78.290.193                Syndication***)
               Modal kerja                      41.286.970        1.653.418                 -                         -         582.034        43.522.422              Working capital
               Ekspor                            7.902.310                -                 -                         -               -         7.902.310                      Export
               Konsumen                          2.714.644                -                 -                         -              96         2.714.740                  Consumer
            Total (Catatan 62.B.(iv))          272.908.858       10.918.595           164.881                         -       1.388.220       285.380.554            Total (Note 62.B.(iv))

                                             1.554.885.478      50.301.801          2.834.514            2.942.429           12.252.390      1.623.216.612
            Dikurangi: cadangan                                                                                                                                        Less: allowance for
               kerugian penurunan nilai        (18.121.064)    (19.002.932)        (1.384.412)          (1.522.549)          (9.323.688)      (49.354.645)           impairment losses

            Neto                             1.536.764.414      31.298.869          1.450.102             1.419.880           2.928.702      1.573.861.967                             Net


               *)                                                                                              *)
                      Termasuk kredit yang diukur pada nilai wajar melalui                                                Including loans measured at fair value through other
                      penghasilan komprehensif lain, berdasarkan kategori                                                 comprehensive income, on the “current collectability” category in
                      “kolektibilitas lancar” pada mata uang Rupiah dengan jenis                                          Rupiah currency with an investment loan type amounted to
                      kredit investasi sebesar Rp326.658.                                                                 Rp326,658.
               **)                                                                                             **)
                      Termasuk kredit yang diukur pada nilai wajar melalui                                                Including loans measured at fair value through other
                      penghasilan komprehensif lain, berdasarkan kategori                                                 comprehensive income, on the “current collectability” category in
                      “kolektibilitas lancar” pada mata uang Rupiah dengan jenis                                          Rupiah currency with a syndication loan type amounted to
                      kredit sindikasi sebesar Rp3.539.765.                                                               Rp3,539,765.
               ***)                                                                                            ***)
                      Termasuk kredit yang diukur pada nilai wajar melalui                                                Including loans measured at fair value through other
                      penghasilan komprehensif lain, berdasarkan kategori                                                 comprehensive income, on the “current collectability” category in
                      “kolektibilitas lancar” pada mata uang asing dengan jenis                                           foreign currencies with a syndication loan type amounted to
                      kredit sindikasi sebesar Rp1.596.428.                                                               Rp1,596,428.




                                                                               486
Page 1501
                                                                                                                                 The original consolidated financial statements
                                                                                                                               included herein are in the Indonesian language.

          PT BANK MANDIRI (PERSERO) Tbk                                                                           PT BANK MANDIRI (PERSERO) Tbk
              DAN ENTITAS ANAKNYA                                                                                       AND ITS SUBSIDIARIES
        CATATAN ATAS LAPORAN KEUANGAN                                                                              NOTES TO THE CONSOLIDATED
                   KONSOLIDASIAN                                                                                       FINANCIAL STATEMENTS
         Tanggal 31 Desember 2025 dan untuk                                                                         As of 31 December 2025 and for
        Tahun Berakhir pada Tanggal Tersebut                                                                           for the Year Then Ended
           (Disajikan dalam jutaan Rupiah,                                                                         (Expressed in millions of Rupiah,
               kecuali dinyatakan lain)                                                                                unless otherwise stated)

65. INFORMASI      TAMBAHAN YANG    TIDAK                                                  65. ADDITIONAL INFORMATION THAT IS NOT
    DIPERSYARATKAN OLEH STANDAR AKUNTANSI                                                      REQUIRED   BY     INDONESIAN ACCOUNTING
    INDONESIA (lanjutan)                                                                       STANDARDS (continued)

   Informasi tambahan berikut yang disajikan di bawah ini                                            The following additional information presented below is
   merupakan informasi yang disyaratkan oleh regulasi                                                information required by applicable regulations and is not
   yang berlaku dan bukan/tidak merupakan informasi                                                  information required by Indonesian Accounting
   yang dipersyaratkan oleh Standar Akuntansi                                                        Standards. (continued)
   Indonesia. (lanjutan)

   k.    Kredit  yang    Diberikan     dan                            Piutang/                       k.      Loans and                   Sharia            Receivables/Financing
         Pembiayaan Syariah (lanjutan)                                                                       (continued)

         1. Kredit yang diberikan dan piutang/pembiayaan                                                    1. Details of loans and sharia receivables/financing:
            syariah terdiri atas: (lanjutan)                                                                   (continued)

           b. Berdasarkan        sektor   ekonomi                                dan                            b. By economic sector and Bank collectability
              kolektibilitas sesuai POJK:                                                                          based on POJK:

                                                                             31 Desember 2025/31 December 2025

                                                                   Dalam
                                                                 perhatian
                                                                  khusus/           Kurang
                                                Lancar/           Special           lancar/               Diragukan/            Macet/
                                                Current          mention          Substandard              Doubtful             Loss               Total


            Rupiah                                                                                                                                                                      Rupiah
               Perdagangan, restoran,                                                                                                                                  Trading, restaurant,
                 dan hotel                       183.868.187        4.775.346            496.670               444.737            1.355.031       190.939.971                    and hotel
               Pertanian                         195.160.897          944.836            139.895               114.855            1.028.184       197.388.667                     Agriculture
               Jasa dunia usaha*)                125.374.710        2.688.525             78.708                60.509              226.297       128.428.749             Business service*)
               Industri                          123.103.695        5.560.826            113.656               100.433            2.452.012       131.330.622                 Manufacturing
               Konstruksi                         96.612.459       11.094.571              5.227                11.609              275.653       107.999.519                  Construction
               Pengangkutan, pergudangan,                                                                                                                     Transportation, warehousing,
                 dan komunikasi**)               115.370.321        1.143.725             22.992                57.778              142.023       116.736.839     and communications**)
               Tambang                            88.502.020          506.516                100                13.219            1.541.356        90.563.211                        Mining
               Jasa sosial                        68.542.439          566.414             27.317                37.773               75.607        69.249.550                 Social service
               Listrik, gas dan air               53.246.461          596.958                122                   313                3.440        53.847.294    Electricity, gas and water
               Lain-lain                         405.529.020       10.386.492          1.798.252             2.085.333            6.386.000       426.185.097                         Others

            Total                              1.455.310.209       38.264.209          2.682.939             2.926.559           13.485.603     1.512.669.519                             Total

            Mata uang asing                                                                                                                                                  Foreign currencies
               Tambang                            66.552.587           70.231                  -                          -               -        66.622.818                         Mining
               Industri***)                       77.259.661        7.338.329                  -                          -       1.157.856        85.755.846              Manufacturing***)
               Jasa sosial                        69.291.067                -                  -                          -               -        69.291.067                 Social service
               Listrik, gas, dan air              40.520.551        3.445.703            159.884                          -               -        44.126.138   Electricity, gas, and water
               Pengangkutan, pergudangan,                                                                                                                    Transportation, warehousing,
                 dan komunikasi                   35.847.752          484.225                   -                         -                -       36.331.977      and communications
               Perdagangan, restoran,                                                                                                                                  Trading, restaurant,
                 dan hotel                        12.713.104                 -                  -                         -                -       12.713.104                   and hotel
               Jasa dunia usaha                   11.446.918                 -                  -                         -                -       11.446.918              Business service
               Pertanian                           6.600.806                 -                  -                         -                -        6.600.806                    Agriculture
               Konstruksi                            149.117                 -                  -                         -                -          149.117                  Construction
               Lain-lain                           4.260.646                 -                  -                         -                -        4.260.646                        Others

            Total (Catatan 62.B.(iv))            324.642.209       11.338.488            159.884                          -       1.157.856       337.298.437             Total (Note 62.B.(iv))

                                               1.779.952.418       49.602.697          2.842.823             2.926.559           14.643.459     1.849.967.956
            Dikurangi: cadangan                                                                                                                                                Less: allowance
             kerugian penurunan nilai            (17.165.959)      (18.060.102)        (1.276.521)           (1.379.548)        (10.151.617)      (48.033.747)          for impairment losses

            Neto                               1.762.786.459       31.542.595          1.566.302             1.547.011            4.491.842     1.801.934.209                               Net


            *)                                                                                                      *)
                    Termasuk kredit yang diukur pada nilai wajar melalui penghasilan                                          Including loans measured at fair value through other
                    komprehensif lain, berdasarkan kategori “kolektibilitas lancar”                                           comprehensive income, on the “current collectability” category in
                    pada mata uang Rupiah dengan sektor ekonomi jasa dunia                                                    Rupiah currency and business service economic sector amounted
                    usaha sebesar Rp3.054.761.                                                                                to Rp3,054,761.
            **)                                                                                                     **)
                    Termasuk kredit yang diukur pada nilai wajar melalui penghasilan                                          Including loans measured at fair value through other
                    komprehensif lain, berdasarkan kategori “kolektibilitas lancar”                                           comprehensive income, on the “current collectability” category in
                    pada mata uang Rupiah dengan sektor ekonomi pengangkutan,                                                 Rupiah currency and transportation, warehousing, and
                    pergudangan, dan komunikasi sebesar Rp293.471.                                                            communication economic sector amounted to Rp293,471.
            ***)                                                                                                    ***)
                    Termasuk kredit yang diukur pada nilai wajar melalui penghasilan                                          Including loans measured at fair value through other
                    komprehensif lain, berdasarkan kategori “kolektibilitas lancar”                                           comprehensive income, on the “current collectability” category in
                    pada mata uang asing dengan sektor ekonomi industri sebesar                                               foreign currencies and manufacturing economic sector amounted
                    Rp3.938.796.                                                                                              to Rp3,938,796.




                                                                                   487
Page 1502
                                                                                                                                The original consolidated financial statements
                                                                                                                              included herein are in the Indonesian language.

          PT BANK MANDIRI (PERSERO) Tbk                                                                           PT BANK MANDIRI (PERSERO) Tbk
              DAN ENTITAS ANAKNYA                                                                                       AND ITS SUBSIDIARIES
        CATATAN ATAS LAPORAN KEUANGAN                                                                              NOTES TO THE CONSOLIDATED
                   KONSOLIDASIAN                                                                                       FINANCIAL STATEMENTS
         Tanggal 31 Desember 2025 dan untuk                                                                         As of 31 December 2025 and for
        Tahun Berakhir pada Tanggal Tersebut                                                                           for the Year Then Ended
           (Disajikan dalam jutaan Rupiah,                                                                         (Expressed in millions of Rupiah,
               kecuali dinyatakan lain)                                                                                unless otherwise stated)

65. INFORMASI      TAMBAHAN YANG    TIDAK                                                   65. ADDITIONAL INFORMATION THAT IS NOT
    DIPERSYARATKAN OLEH STANDAR AKUNTANSI                                                       REQUIRED   BY     INDONESIAN ACCOUNTING
    INDONESIA (lanjutan)                                                                        STANDARDS (continued)

   Informasi tambahan berikut yang disajikan di bawah ini                                            The following additional information presented below is
   merupakan informasi yang disyaratkan oleh regulasi                                                information required by applicable regulations and is not
   yang berlaku dan bukan/tidak merupakan informasi                                                  information required by Indonesian Accounting
   yang dipersyaratkan oleh Standar Akuntansi                                                        Standards. (continued)
   Indonesia. (lanjutan)

   k.    Kredit  yang    Diberikan     dan                            Piutang/                       k.      Loans and                   Sharia           Receivables/Financing
         Pembiayaan Syariah (lanjutan)                                                                       (continued)

         1. Kredit yang diberikan dan piutang/pembiayaan                                                    1. Details of loans and sharia receivables/financing:
            syariah terdiri atas: (lanjutan)                                                                   (continued)

           b. Berdasarkan        sektor     ekonomi                              dan                            b. By economic sector and collectability based on
              kolektibilitas sesuai POJK: (lanjutan)                                                               POJK: (continued)

                                                                             31 Desember 2024/31 December 2024

                                                                   Dalam
                                                                 perhatian
                                                                  khusus/           Kurang
                                                Lancar/           Special           lancar/               Diragukan/           Macet/
                                                Current          mention          Substandard              Doubtful            Loss               Total


            Rupiah                                                                                                                                                                      Rupiah
               Perdagangan, restoran,                                                                                                                                  Trading, restaurant,
                 dan hotel                       160.337.031        4.523.586             554.524              429.348           1.034.172       166.878.661                    and hotel
               Pertanian                         146.914.238        1.011.154             127.881              186.545             982.041       149.221.859                     Agriculture
               Jasa dunia usaha*)                132.794.503        2.845.360             101.266               46.357             280.186       136.067.672              Business service*)
               Industri                          125.743.355        5.997.672             132.940              236.631           2.876.714       134.987.312                  Manufacturing
               Konstruksi                         87.676.790       11.555.968               6.246               46.769             388.836        99.674.609                   Construction
               Pengangkutan, pergudangan,                                                                                                                    Transportation, warehousing,
                 dan komunikasi**)                96.534.978        1.056.967              19.582               19.592             106.276        97.737.395     and communications**)
               Tambang                            73.594.269           59.137                 750                2.859           1.537.722        75.194.737                         Mining
               Jasa sosial                        57.366.294          555.284              24.507               26.795              40.382        58.013.262                  Social service
               Listrik, gas, dan air              22.469.072          609.032                 140                  805              15.695        23.094.744    Electricity, gas, and water
               Lain-lain                         378.546.090       11.169.046           1.701.797            1.946.728           3.602.146       396.965.807                          Others

            Total                              1.281.976.620       39.383.206           2.669.633            2.942.429          10.864.170     1.337.836.058                              Total

                 Mata uang asing                                                                                                                                             Foreign currencies
                  Tambang                         70.308.434           68.005                   -                        -               -        70.376.439                          Mining
                  Industri***)                    55.046.438        6.877.487                   -                        -       1.388.124        63.312.049               Manufacturing***)
                  Jasa sosial                     48.450.799                -                   -                        -               -        48.450.799                  Social service
                  Listrik, gas, dan air           35.274.620        3.501.260             164.881                        -               -        38.940.761    Electricity, gas, and water
                  Pengangkutan, pergudangan,                                                                                                                 Transportation, warehousing,
                    dan komunikasi                28.559.643          471.843                    -                       -                -       29.031.486       and communications
                  Perdagangan, restoran,                                                                                                                               Trading, restaurant,
                    dan hotel                     13.686.770                 -                   -                       -               -        13.686.770                    and hotel
                  Jasa dunia usaha                10.920.060                 -                   -                       -               -        10.920.060               Business service
                  Pertanian                        7.083.702                 -                   -                       -               -         7.083.702                     Agriculture
                  Konstruksi                         209.179                 -                   -                       -               -           209.179                   Construction
                  Lain-lain                        3.369.213                 -                   -                       -              96         3.369.309                         Others

            Total (Catatan 62.B.(iv))            272.908.858       10.918.595             164.881                        -       1.388.220       285.380.554              Total (Note 62.B.(iv))

                                               1.554.885.478       50.301.801           2.834.514            2.942.429          12.252.390     1.623.216.612
            Dikurangi: cadangan                                                                                                                                                Less: allowance
             kerugian penurunan nilai            (18.121.064)     (19.002.932)         (1.384.412)          (1.522.549)         (9.323.688)     (49.354.645)            for impairment losses

            Neto                               1.536.764.414       31.298.869           1.450.102            1.419.880           2.928.702     1.573.861.967                                Net


            *)                                                                                                     *)
                    Termasuk kredit yang diukur pada nilai wajar melalui penghasilan                                         Including loans measured at fair value through other
                    komprehensif lain, berdasarkan kategori “kolektibilitas lancar”                                          comprehensive income, on the “current collectability” category in
                    pada mata uang Rupiah dengan sektor ekonomi jasa dunia                                                   Rupiah currency and business service economic sector amounted
                    usaha sebesar Rp3.539.765.                                                                               to Rp3,539,765.
            **)                                                                                                    **)
                    Termasuk kredit yang diukur pada nilai wajar melalui penghasilan                                         Including loans measured at fair value through other
                    komprehensif lain, berdasarkan kategori “kolektibilitas lancar”                                          comprehensive income, on the “current collectability” category in
                    pada mata uang Rupiah dengan sektor ekonomi pengangkutan,                                                Rupiah currency and transportation, warehousing, and
                    pergudangan, dan komunikasi sebesar Rp326.658.                                                           communication economic sector amounted to Rp326,658.
            ***)                                                                                                   ***)
                    Termasuk kredit yang diukur pada nilai wajar melalui penghasilan                                         Including loans measured at fair value through other
                    komprehensif lain, berdasarkan kategori “kolektibilitas lancar”                                          comprehensive income, on the “current collectability” category in
                    pada mata uang asing dengan sektor ekonomi industri sebesar                                              foreign currencies and manufacturing economic sector amounted
                    Rp1.596.428.                                                                                             to Rp1,596,428.




                                                                                   488
Page 1503
                                                                                                               The original consolidated financial statements
                                                                                                             included herein are in the Indonesian language.

          PT BANK MANDIRI (PERSERO) Tbk                                                              PT BANK MANDIRI (PERSERO) Tbk
              DAN ENTITAS ANAKNYA                                                                          AND ITS SUBSIDIARIES
        CATATAN ATAS LAPORAN KEUANGAN                                                                 NOTES TO THE CONSOLIDATED
                   KONSOLIDASIAN                                                                          FINANCIAL STATEMENTS
         Tanggal 31 Desember 2025 dan untuk                                                            As of 31 December 2025 and for
        Tahun Berakhir pada Tanggal Tersebut                                                              for the Year Then Ended
           (Disajikan dalam jutaan Rupiah,                                                            (Expressed in millions of Rupiah,
               kecuali dinyatakan lain)                                                                   unless otherwise stated)

65. INFORMASI      TAMBAHAN YANG    TIDAK                                                65. ADDITIONAL INFORMATION THAT IS NOT
    DIPERSYARATKAN OLEH STANDAR AKUNTANSI                                                    REQUIRED   BY     INDONESIAN ACCOUNTING
    INDONESIA (lanjutan)                                                                     STANDARDS (continued)

   Informasi tambahan berikut yang disajikan di bawah ini                                   The following additional information presented below is
   merupakan informasi yang disyaratkan oleh regulasi                                       information required by applicable regulations and is not
   yang berlaku dan bukan/tidak merupakan informasi                                         information required by Indonesian Accounting
   yang dipersyaratkan oleh Standar Akuntansi                                               Standards. (continued)
   Indonesia. (lanjutan)

   k.    Kredit  yang    Diberikan     dan                             Piutang/            k.   Loans and               Sharia         Receivables/Financing
         Pembiayaan Syariah (lanjutan)                                                          (continued)

         2. Kredit yang direstrukturisasi                                                       2.     Restructured loans

            Berikut ini adalah jenis dan jumlah kredit yang                                            Below are the types and amounts of
            diberikan dan piutang/pembiayaan syariah                                                   restructured loans and sharia receivables/
            yang telah direstrukturisasi:                                                              financing:

                                                                 31 Desember 2025/         31 Desember 2024/
                                                                 31 December 2025          31 December 2024
           Perpanjangan jangka waktu                                                                                                 Extension of loan maturity
              kredit                                                        73.873.391               64.996.001                                         dates
           Perpanjangan jangka waktu dan                                                                                       Extension of loan maturity dates
              penurunan suku bunga kredit                                     4.936.571               2.708.408                and reduction of interest rates
           Perpanjangan jangka waktu                                                                                                 Extension of loan maturity
              kredit dan skema                                                                                                  dates and other restructuring
              restrukturisasi lain-lain*)                                   20.329.231               21.494.614                                    schemes*)
                   **)
           Total                                                            99.139.193               89.199.023                                                   Total**)

             *)                                                                                       *)
                         Skema restrukturisasi lain-lain terutama terdiri dari skema                        Other restructuring schemes mainly involve reduction of interest
                         restrukturisasi penurunan suku bunga kredit, penjadwalan                           rates, rescheduling of unpaid interest and extension of
                         kembali bunga yang tertunggak dan perpanjangan jangka                              repayment periods for unpaid interest.
                         waktu pembayaran bunga tertunggak.
             **)                                                                                      **)
                         Termasuk baki debet kredit restrukturisasi Covid-19 pada                           Including the Covid-19 restructured loans outstanding balance
                         tanggal 31 Desember 2025 dan 2024 adalah masing-masing                             as of 31 December 2025 and 2024, amounted to Rp14,934,483
                         sebesar Rp14.934.483 dan Rp14.202.221.                                             and Rp14,202,221, respectively.


            Berikut ini adalah jumlah kredit yang diberikan                                            Below are the amount of restructured loans
            dan piutang/pembiayaan syariah yang telah                                                  and sharia receivables/financing based on
            direstrukturisasi berdasarkan kolektibilitas:                                              collectability:
                                                                 31 Desember 2025/         31 Desember 2024/
                                                                 31 December 2025          31 December 2024

           Lancar                                                           50.358.590               41.451.833                                              Current
           Dalam perhatian khusus                                           39.520.940               37.974.541                                      Special mention
           Kurang lancar                                                       960.207                1.038.071                                        Substandard
           Diragukan                                                           788.221                  601.245                                             Doubtful
           Macet                                                             7.511.235                8.133.333                                                Loss

           Total*)                                                          99.139.193               89.199.023                                                   Total*)

                                                                                                      *)
             *)          Termasuk baki debet kredit restrukturisasi Covid-19 pada                           Including the Covid-19 restructured loans outstanding balance
                         tanggal 31 Desember 2025 dan 2024 adalah masing-masing                             as of 31 December 2025 and 2024, amounted to Rp14,934,483
                         sebesar Rp14.934.483 dan Rp14.202.221.                                             and Rp14,202,221, respectively.


            Total     kredit    yang    diberikan     dan                                              Total   restructured   loans    and  sharia
            piutang/pembiayaan syariah yang telah                                                      receivables/financing under Non-Performing
            direstrukturisasi dan dalam kategori kredit                                                Loans (NPL) category as of 31 December 2025
            bermasalah pada tanggal 31 Desember 2025                                                   and 2024 are amounted to Rp9,259,663 and
            dan      2024      masing-masing      sebesar                                              Rp9,772,649, respectively.
            Rp9.259.663 dan Rp9.772.649.




                                                                                   489
Page 1504
                                                                                    The original consolidated financial statements
                                                                                  included herein are in the Indonesian language.

          PT BANK MANDIRI (PERSERO) Tbk                                     PT BANK MANDIRI (PERSERO) Tbk
              DAN ENTITAS ANAKNYA                                                 AND ITS SUBSIDIARIES
        CATATAN ATAS LAPORAN KEUANGAN                                        NOTES TO THE CONSOLIDATED
                   KONSOLIDASIAN                                                 FINANCIAL STATEMENTS
         Tanggal 31 Desember 2025 dan untuk                                   As of 31 December 2025 and for
        Tahun Berakhir pada Tanggal Tersebut                                     for the Year Then Ended
           (Disajikan dalam jutaan Rupiah,                                   (Expressed in millions of Rupiah,
               kecuali dinyatakan lain)                                          unless otherwise stated)

65. INFORMASI      TAMBAHAN YANG    TIDAK                       65. ADDITIONAL INFORMATION THAT IS NOT
    DIPERSYARATKAN OLEH STANDAR AKUNTANSI                           REQUIRED   BY     INDONESIAN ACCOUNTING
    INDONESIA (lanjutan)                                            STANDARDS (continued)

   Informasi tambahan berikut yang disajikan di bawah ini          The following additional information presented below is
   merupakan informasi yang disyaratkan oleh regulasi              information required by applicable regulations and is not
   yang berlaku dan bukan/tidak merupakan informasi                information required by Indonesian Accounting
   yang dipersyaratkan oleh Standar Akuntansi                      Standards. (continued)
   Indonesia. (lanjutan)

   k.    Kredit  yang    Diberikan     dan         Piutang/       k.   Loans and          Sharia     Receivables/Financing
         Pembiayaan Syariah (lanjutan)                                 (continued)

         2. Kredit yang direstrukturisasi (lanjutan)                   2.    Restructured loans (continued)

            Grup telah melakukan restrukturisasi kredit                      The Group has restructured loans for debtors
            untuk debitur yang terdampak pandemi Covid-                      affected by the Covid-19 pandemic in
            19        sesuai        dengan        POJK                       accordance with POJK No. 11/POJK.03/2020
            No. 11/POJK.03/2020 tentang “Stimulus                            regarding "National Economic Stimulus as a
            Perekonomian Nasional Sebagai Kebijakan                          Countercyclical Policy for the Impact of the
            Countercyclical      Dampak     Penyebaran                       Spread of the 2019 Coronavirus Disease"
            Coronavirus     Disease    2019”    tanggal                      dated 13 March 2020 as amended twice by
            13 Maret 2020 sebagaimana telah diubah dua                       POJK No. 48/POJK.03/2020 regarding
            kali melalui POJK No. 48/POJK.03/2020                            "National   Economic       Stimulus     as    a
            tentang “Stimulus Perekonomian Nasional                          Countercyclical Policy for the Impact of the
            Sebagai Kebijakan Countercyclical Dampak                         Spread of the 2019 Coronavirus Disease"
            Penyebaran Coronavirus Disease 2019”                             dated 1 December 2020 and POJK
            tanggal 1 Desember 2020 dan POJK                                 No. 17/POJK.03/2021 regarding Second
            No. 17/POJK.03/2021 tentang Perubahan                            Amendment of POJK No. 11/POJK/03/2020
            Kedua Atas POJK Nomor 11/POJK.03/2020                            regarding “National Economic Stimulus as
            tentang “Stimulus Perekonomian Nasional                          Countercyclical for the Impact of the Spread of
            Sebagai Kebijakan Countercyclical Dampak                         2019      Coronavirus      Disease”       dated
            Penyebaran Coronavirus Disease 2019”                             10 September 2021.
            tanggal 10 September 2021.

        3. Batas Maksimum Pemberian Kredit (BMPK)                      3.    Legal Lending Limit (LLL)

            Pada tanggal 31 Desember 2025 dan 2024,                          Regarding the Legal Lending Limit (LLL) on
            Bank tidak melanggar dan melampaui                               31 December 2025 and 2024, the Bank did not
            ketentuan BMPK untuk pihak terkait dan pihak                     violate and exceeded the LLL provisions for
            tidak terkait. BMPK dihitung sesuai dengan                       related parties and non-related parties. LLL is
            POJK      No.    38/POJK.03/2019     tanggal                     calculated in accordance with POJK
            19 Desember 2019 tentang Perubahan Atas                          No. 38/POJK.03/2019 dated 19 December
            POJK No. 32/POJK.03/2018 tentang Batas                           2019 regarding Legal Lending Limits for
            Maksimum Pemberian Kredit dan Penyediaan                         Commercial Banks as amended by POJK
            Dana Besar Bagi Bank Umum.                                       No. 32/POJK.03/2018 regarding Legal Lending
                                                                             Limits of Loans Disbursement and Large
                                                                             Funding for Commerical Banks.




                                                          490
Page 1505
                                                                                                The original consolidated financial statements
                                                                                              included herein are in the Indonesian language.

          PT BANK MANDIRI (PERSERO) Tbk                                             PT BANK MANDIRI (PERSERO) Tbk
              DAN ENTITAS ANAKNYA                                                         AND ITS SUBSIDIARIES
        CATATAN ATAS LAPORAN KEUANGAN                                                NOTES TO THE CONSOLIDATED
                   KONSOLIDASIAN                                                         FINANCIAL STATEMENTS
         Tanggal 31 Desember 2025 dan untuk                                           As of 31 December 2025 and for
        Tahun Berakhir pada Tanggal Tersebut                                             for the Year Then Ended
           (Disajikan dalam jutaan Rupiah,                                           (Expressed in millions of Rupiah,
               kecuali dinyatakan lain)                                                  unless otherwise stated)

65. INFORMASI      TAMBAHAN YANG    TIDAK                         65. ADDITIONAL INFORMATION THAT IS NOT
    DIPERSYARATKAN OLEH STANDAR AKUNTANSI                             REQUIRED   BY     INDONESIAN ACCOUNTING
    INDONESIA (lanjutan)                                              STANDARDS (continued)

   Informasi tambahan berikut yang disajikan di bawah ini               The following additional information presented below is
   merupakan informasi yang disyaratkan oleh regulasi                   information required by applicable regulations and is not
   yang berlaku dan bukan/tidak merupakan informasi                     information required by Indonesian Accounting
   yang dipersyaratkan oleh Standar Akuntansi                           Standards. (continued)
   Indonesia. (lanjutan)

   k.    Kredit  yang    Diberikan     dan       Piutang/               k.     Loans and              Sharia     Receivables/Financing
         Pembiayaan Syariah (lanjutan)                                         (continued)

         4. Ikhtisar   kredit   yang      diberikan   dan                      4.    Summary of non-performing loans and sharia
            piutang/pembiayaan      syariah    bermasalah                            receivables/financing based on economic
            berdasarkan sektor ekonomi dan minimum                                   sector and the minimum allowance for loans
            penyisihan kerugian kredit yang diberikan dan                            and sharia receivables/financing impairment
            piutang/pembiayaan      syariah    bermasalah                            losses are as follows:
            adalah sebagai berikut:

                                             Kredit bermasalah
                                          (berdasarkan Peraturan
                                          Otoritas Jasa Keuangan)/
                                           Non-performing loans              Minimum penyisihan kerugian/
                                        (based on Financial Services             Minimum allowance for
                                           Authority Regulations)                  impairment losses

                                        31 Desember/31 December               31 Desember/31 December

                                          2025             2024                 2025                2024

           Rupiah                                                                                                                         Rupiah
               Industri                    2.666.101        3.246.285            2.519.277           3.014.969                   Manufacturing
               Perdagangan, restoran,                                                                                     Trading, restaurant,
                 dan hotel                 2.296.438        2.018.044            1.651.900           1.332.025                    and hotel
               Tambang                     1.554.675        1.541.331            1.547.981           1.539.264                          Mining
               Pertanian                   1.282.934        1.296.467            1.106.596           1.094.496                      Agriculture
               Konstruksi                    292.489          441.851              282.242             413.157                    Construction
               Jasa dunia usaha              365.514          427.809              268.358             318.554               Business service
               Pengangkutan,                                                                                                   Transportation,
                 pergudangan, dan                                                                                          warehouse, and
                 komunikasi                 222.793           145.450              174.361             119.009            communications
               Jasa sosial                  140.697            91.684               98.591              57.456                  Social services
               Listrik, gas, dan air          3.875            16.640                3.615              16.119     Electricity, gas, and water
               Lain-lain                 10.269.585         7.250.671            7.698.402           4.830.780                          Others

                                         19.095.101       16.476.232            15.351.323          12.735.829

           Mata uang asing                                                                                                    Foreign currencies
               Industri                    1.157.856        1.388.124            1.157.856           1.388.124                  Manufacturing
               Listrik, gas, dan air         159.884          164.881               23.983              24.732     Electricity, gas, and water
               Lain-lain                           -               96                     -                 96                          Others

                                           1.317.740        1.553.101            1.181.839           1.412.952

           Total                         20.412.841       18.029.333            16.533.162          14.148.781                             Total


        5. Rasio kredit bermasalah                                             5.    Ratio of non-performing loans

            Rasio kredit bermasalah Bank Mandiri dan                                 The ratio of non-performing loans of Bank
            Entitas Anak secara gross (sebelum dikurangi                             Mandiri and its Subsidiaries on a gross basis
            cadangan kerugian penurunan nilai) pada                                  (before deducted with allowance for impairment
            tanggal 31 Desember 2025 dan 2024 masing-                                losses) as of 31 December 2025 and 2024 were
            masing sebesar 1,13% dan 1,12% (rasio untuk                              1.13% and 1.12%, respectively (the ratios for
            Bank Mandiri saja masing-masing 0,96% dan                                Bank Mandiri only were 0.96% and 0.97% as of
            0,97%,    masing-masing      pada    tanggal                             31 December 2025 and 2024, respectively).
            31 Desember 2025 dan 2024).



                                                           491
Page 1506
                                                                                    The original consolidated financial statements
                                                                                  included herein are in the Indonesian language.

          PT BANK MANDIRI (PERSERO) Tbk                                     PT BANK MANDIRI (PERSERO) Tbk
              DAN ENTITAS ANAKNYA                                                 AND ITS SUBSIDIARIES
        CATATAN ATAS LAPORAN KEUANGAN                                        NOTES TO THE CONSOLIDATED
                   KONSOLIDASIAN                                                 FINANCIAL STATEMENTS
         Tanggal 31 Desember 2025 dan untuk                                   As of 31 December 2025 and for
        Tahun Berakhir pada Tanggal Tersebut                                     for the Year Then Ended
           (Disajikan dalam jutaan Rupiah,                                   (Expressed in millions of Rupiah,
               kecuali dinyatakan lain)                                          unless otherwise stated)

65. INFORMASI      TAMBAHAN YANG    TIDAK                      65. ADDITIONAL INFORMATION THAT IS NOT
    DIPERSYARATKAN OLEH STANDAR AKUNTANSI                          REQUIRED   BY     INDONESIAN ACCOUNTING
    INDONESIA (lanjutan)                                           STANDARDS (continued)

   Informasi tambahan berikut yang disajikan di bawah ini         The following additional information presented below is
   merupakan informasi yang disyaratkan oleh regulasi             information required by applicable regulations and is not
   yang berlaku dan bukan/tidak merupakan informasi               information required by Indonesian Accounting
   yang dipersyaratkan oleh Standar Akuntansi                     Standards. (continued)
   Indonesia. (lanjutan)

   k.    Kredit  yang    Diberikan     dan       Piutang/        k.   Loans and           Sharia     Receivables/Financing
         Pembiayaan Syariah (lanjutan)                                (continued)

        5. Rasio kredit bermasalah (lanjutan)                          5.    Ratio of non-performing loans (continued)

            Rasio kredit bermasalah Bank Mandiri dan                         The ratio of non-performing loans of Bank
            Entitas Anak secara neto pada tanggal                            Mandiri and its Subsidiaries on a net basis as of
            31 Desember 2025 dan 2024 masing-masing                          31 December 2025 and 2024 were 0.43% and
            sebesar 0,43% dan 0,37% (rasio untuk Bank                        0.37%, respectively (the ratios for Bank Mandiri
            Mandiri saja sebesar 0,40% dan 0,33%,                            only were 0.40% and 0.33%, as of
            masing-masing pada tanggal 31 Desember                           31 December 2025 and 2024, respectively). The
            2025 dan 2024). Saldo kredit bermasalah Bank                     balance of non-performing loans of Bank
            Mandiri dan Entitas Anak termasuk piutang                        Mandiri and its Subsidiaries included consumer
            pembiayaan konsumen dan investasi bersih                         financing receivables and net investment
            dalam sewa pembiayaan dari Entitas Anak.                         finance leases from the Subsidiaries.

            Perhitungan rasio kredit bermasalah Bank                         The calculation of non-performing loans ratio for
            Mandiri dan Entitas Anak pada tanggal                            Bank Mandiri and its Subsidiaries as of
            31 Desember 2025 dan 2024 sesuai dengan                          31 December 2025 and 2024 are in accordance
            Surat Edaran Otoritas Jasa Keuangan                              with Financial Services Authority Circular Letter
            (SEOJK)     No. 9/SEOJK.03/2020      tanggal                     No. 9/SEOJK.03/2020 dated 30 June 2020
            30 Juni 2020 tentang Transparansi dan                            which is calculated from the loan amount,
            Publikasi Laporan Bank Umum Konvensional,                        excluding loan to other banks amounted to
            dihitung atas dasar jumlah kredit tidak                          Rp6,243,669 and Rp7,769,438 as of
            termasuk kredit yang diberikan pada bank lain                    31 December 2025 and 2024, respectively.
            sebesar Rp6.243.669 dan Rp7.769.438
            masing-masing pada tanggal 31 Desember
            2025 dan 2024.

         6. Kredit program pemerintah                                  6. Government program loans

            Kredit program pemerintah terdiri dari kredit                   Government program loans consists of
            investasi, kredit modal kerja permanen, kredit                  investment loans, permanent working capital
            modal kerja dan KPR Sejahtera Fasilitas                         loans, working capital loans and KPR Sejahtera
            Likuiditas Pembiayaan Perumahan (“FLPP”),                       Liquidity Facility of House Financing (“FLPP”)
            dimana Pemerintah dapat menyediakan                             which can be partially and/or fully funded by the
            sebagian dan/atau keseluruhan dananya.                          Government.

            Dalam rangka percepatan Pemulihan Ekonomi                       In order to accelerate National Economic
            Nasional pada tahun 2020, Bank berpartisipasi                   Recovery Program in 2020, the Bank
            dalam penyaluran kredit program Pemulihan                       participates in lending in the National Economic
            Ekonomi Nasional (“PEN”) sesuai dengan                          Recovery (“PEN”) program in accordance with
            Peraturan     Menteri     Keuangan       No.                    Ministry    of     Finance     Regulation    No.
            70/PMK.05/2020        yang       selanjutnya                    70/PMK.05/2020 which was subsequently
            diperbaharui          dengan            PMK                     updated                  with               PMK
            No. 104/PMK.05/2020 tanggal 6 Agustus                           No. 104/PMK.05/2020 dated 6 August 2020.
            2020.




                                                         492
Page 1507
                                                                                   The original consolidated financial statements
                                                                                 included herein are in the Indonesian language.

          PT BANK MANDIRI (PERSERO) Tbk                                    PT BANK MANDIRI (PERSERO) Tbk
              DAN ENTITAS ANAKNYA                                                AND ITS SUBSIDIARIES
        CATATAN ATAS LAPORAN KEUANGAN                                       NOTES TO THE CONSOLIDATED
                   KONSOLIDASIAN                                                FINANCIAL STATEMENTS
         Tanggal 31 Desember 2025 dan untuk                                  As of 31 December 2025 and for
        Tahun Berakhir pada Tanggal Tersebut                                    for the Year Then Ended
           (Disajikan dalam jutaan Rupiah,                                  (Expressed in millions of Rupiah,
               kecuali dinyatakan lain)                                         unless otherwise stated)

65. INFORMASI      TAMBAHAN YANG    TIDAK                       65. ADDITIONAL INFORMATION THAT IS NOT
    DIPERSYARATKAN OLEH STANDAR AKUNTANSI                           REQUIRED   BY     INDONESIAN ACCOUNTING
    INDONESIA (lanjutan)                                            STANDARDS (continued)

   Informasi tambahan berikut yang disajikan di bawah ini          The following additional information presented below is
   merupakan informasi yang disyaratkan oleh regulasi              information required by applicable regulations and is not
   yang berlaku dan bukan/tidak merupakan informasi                information required by Indonesian Accounting
   yang dipersyaratkan oleh Standar Akuntansi                      Standards. (continued)
   Indonesia. (lanjutan)

   k.    Kredit  yang    Diberikan     dan         Piutang/       k.   Loans and         Sharia     Receivables/Financing
         Pembiayaan Syariah (lanjutan)                                 (continued)

         6. Kredit program pemerintah (lanjutan)                        6. Government program loans (continued)

            Program penyaluran kredit dalam rangka PEN                      The loans disbursement program of PEN,
            tersebut bersumber dari penempatan uang                         funded from the Government's placement
            negara kepada perbankan salah satunya di                        which one of them is in PT Bank Mandiri
            PT Bank Mandiri (Persero) Tbk, dalam bentuk                     (Persero) Tbk, in the form of time deposits with
            deposito dengan tenor 3 bulan sebesar                           3 months tenor contract amounted to
            Rp10.000.000 pada tanggal 25 Juni 2020.                         Rp10,000,000 on 25 June 2020. The
            Dana Pemerintah tersebut telah disalurkan                       Government Fund has been distributed in form
            dalam bentuk kredit sebesar Rp39.043.255                        of loan amounted to Rp39,043,255 until
            sampai dengan tanggal jatuh tempo deposito                      maturity date of time deposit on 25 September
            pada 25 September 2020, dan selanjutnya                         2020 and after that the funds was returned to
            dana dikembalikan ke Pemerintah.                                the Government.

            Berdasarkan evaluasi dan proposal PT Bank                       Based on PT Bank Mandiri (Persero) Tbk’s
            Mandiri (Persero) Tbk, dan sesuai Peraturan                     evaluation and proposal, and in accordance to
            Menteri Keuangan No. 104/PMK.05/2020,                           PMK No. 104/PMK.05/2020, the Government
            Pemerintah melakukan Penempatan Dana                            conducted the Phase II of Placement of
            Pemerintah Tahap II kepada perbankan salah                      Government Funds to banks, one of which was
            satunya PT Bank Mandiri (Persero) Tbk, dalam                    PT Bank Mandiri (Persero) Tbk, in form
            bentuk deposito dengan tenor 110 hari,                          of time deposit with placement period of
            sebesar      Rp15.000.000      pada    tanggal                  110 days, amounted to Rp15,000,000 on
            25 September 2020, yang telah disalurkan                        25 September 2020, and the funds has been
            dalam bentuk kredit akumulatif sebesar                          distributed in form of loan with accumulative
            Rp66.634.884 sampai dengan tanggal jatuh                        amounted to Rp66,634,884 until maturity date
            tempo deposito pada 13 Januari 2021.                            of time deposit on 13 January 2021. The
            Penempatan Dana Pemerintah Tahap II                             Governments placement Phase II has ended
            tersebut telah berakhir dan telah dikembalikan                  and the fund was returned to Government on
            kepada Pemerintah pada tanggal 13 Januari                       13 January 2021.
            2021.

            Bank Mandiri juga berperan aktif dalam                          Bank Mandiri also plays an active role in
            penyaluran kredit dengan penjaminan kredit                      lending with Micro, Small and Medium
            UMKM dari Pemerintah sesuai PMK                                 Enterprises (“MSME”) loan guarantees from
            No. 71/PMK.08/2020 tanggal 23 Juni 2020.                        the Government in accordance with PMK
            Penjaminan Pemerintah melalui badan usaha                       No. 71/PMK.08/2020 dated 23 June 2020.
            penjaminan, yaitu melalui PT Jaminan Kredit                     Government guarantees are through guarantee
            Indonesia dan PT Asuransi Kredit Indonesia.                     business entities, which are through
            Hingga 30 November 2021, penyaluran kredit                      PT Jaminan Kredit Indonesia and PT Asuransi
            UMKM dengan penjaminan kredit dari                              Kredit Indonesia. As of 30 November 2021,
            pemerintah ini disalurkan kepada 13.352                         MSME loan disbursement with loan guarantees
            debitur UMKM dengan nilai pencairan kredit                      from the government was distributed to 13,352
            sebesar Rp2,84 triliun.                                         MSME debtors with a loan disbursement value
                                                                            of Rp2.84 trillion.




                                                          493
Page 1508
                                                                                       The original consolidated financial statements
                                                                                     included herein are in the Indonesian language.

          PT BANK MANDIRI (PERSERO) Tbk                                        PT BANK MANDIRI (PERSERO) Tbk
              DAN ENTITAS ANAKNYA                                                    AND ITS SUBSIDIARIES
        CATATAN ATAS LAPORAN KEUANGAN                                           NOTES TO THE CONSOLIDATED
                   KONSOLIDASIAN                                                    FINANCIAL STATEMENTS
         Tanggal 31 Desember 2025 dan untuk                                      As of 31 December 2025 and for
        Tahun Berakhir pada Tanggal Tersebut                                        for the Year Then Ended
           (Disajikan dalam jutaan Rupiah,                                      (Expressed in millions of Rupiah,
               kecuali dinyatakan lain)                                             unless otherwise stated)

65. INFORMASI      TAMBAHAN YANG    TIDAK                         65. ADDITIONAL INFORMATION THAT IS NOT
    DIPERSYARATKAN OLEH STANDAR AKUNTANSI                             REQUIRED   BY     INDONESIAN ACCOUNTING
    INDONESIA (lanjutan)                                              STANDARDS (continued)

   Informasi tambahan berikut yang disajikan di bawah ini              The following additional information presented below is
   merupakan informasi yang disyaratkan oleh regulasi                  information required by applicable regulations and is not
   yang berlaku dan bukan/tidak merupakan informasi                    information required by Indonesian Accounting
   yang dipersyaratkan oleh Standar Akuntansi                          Standards. (continued)
   Indonesia. (lanjutan)

   k.    Kredit  yang    Diberikan     dan          Piutang/          k.   Loans and         Sharia     Receivables/Financing
         Pembiayaan Syariah (lanjutan)                                     (continued)

         6. Kredit program pemerintah (lanjutan)                            6. Government program loans (continued)

               Pada tahun 2022, program penjaminan                              In 2022, the MSME loan guarantee program
               kredit UMKM dari pemerintah tersebut                             from the government will continue its
               dilanjutkan penyalurannya sesuai PMK                             distribution in accordance with PMK
               No. 28/PMK.08/2022 tanggal 30 Maret 2022.                        No. 28/PMK.08/2022 dated 30 March 2022.
               Hingga 31 Desember 2022, penyaluran kredit                       Until 31 December 2022, MSME loan
               UMKM dengan penjaminan kredit dari                               distribution with loan guarantees from the
               pemerintah ini disalurkan kepada 3.030 debitur                   government is distributed to 3,030 MSME
               UMKM dengan nilai pencairan kredit sebesar                       debtors with a value of loan disbursement of
               Rp148,66 miliar.                                                 Rp148.66 billion.

   l.    Piutang Pembiayaan Konsumen                                  l.   Consumer Financing Receivables

         Berdasarkan kolektibilitas sesuai POJK:                            By collectability based on FSA regulation:

                                               31 Desember 2025/      31 Desember 2024/
                                               31 December 2025       31 December 2024

        Lancar                                          37.988.114            38.852.457                                   Current
        Dalam perhatian khusus                           2.065.884             2.174.092                           Special mention
        Kurang lancar                                      138.255               214.525                             Substandard
        Diragukan                                          190.304               215.860                                  Doubtful
        Macet                                              480.643               116.372                                     Loss

        Total                                          40.863.200             41.573.306                                     Total
        Dikurangi: cadangan kerugian                                                                           Less: allowance for
          penurunan nilai                               (1.049.570)             (934.353 )                    impairment losses

        Neto                                            39.813.630            40.638.953                                       Net


   m. Investasi Bersih dalam Sewa Pembiayaan                          m. Net Investment Finance Leases

         Berdasarkan kolektibilitas sesuai POJK:                            By collectability based on FSA regulation:

                                               31 Desember 2025/      31 Desember 2024/
                                               31 December 2025       31 December 2024

        Lancar                                           3.906.449             5.335.749                                   Current
        Dalam perhatian khusus                             162.179               390.418                           Special mention
        Kurang lancar                                        8.391                 9.340                             Substandard
        Diragukan                                           12.117                12.563                                  Doubtful
        Macet                                               64.604                 9.006                                     Loss

        Total                                            4.153.740             5.757.076                                     Total
        Dikurangi: cadangan kerugian                                                                           Less: allowance for
          penurunan nilai                                 (134.987)             (103.337 )                   impairment losses

        Neto                                            4.018.753              5.653.739                                       Net




                                                            494
Page 1509
                                                                                     The original consolidated financial statements
                                                                                   included herein are in the Indonesian language.

          PT BANK MANDIRI (PERSERO) Tbk                                      PT BANK MANDIRI (PERSERO) Tbk
              DAN ENTITAS ANAKNYA                                                  AND ITS SUBSIDIARIES
        CATATAN ATAS LAPORAN KEUANGAN                                         NOTES TO THE CONSOLIDATED
                   KONSOLIDASIAN                                                  FINANCIAL STATEMENTS
         Tanggal 31 Desember 2025 dan untuk                                    As of 31 December 2025 and for
        Tahun Berakhir pada Tanggal Tersebut                                      for the Year Then Ended
           (Disajikan dalam jutaan Rupiah,                                    (Expressed in millions of Rupiah,
               kecuali dinyatakan lain)                                           unless otherwise stated)

65. INFORMASI      TAMBAHAN YANG    TIDAK                       65. ADDITIONAL INFORMATION THAT IS NOT
    DIPERSYARATKAN OLEH STANDAR AKUNTANSI                           REQUIRED   BY     INDONESIAN ACCOUNTING
    INDONESIA (lanjutan)                                            STANDARDS (continued)

   Informasi tambahan berikut yang disajikan di bawah ini            The following additional information presented below is
   merupakan informasi yang disyaratkan oleh regulasi                information required by applicable regulations and is not
   yang berlaku dan bukan/tidak merupakan informasi                  information required by Indonesian Accounting
   yang dipersyaratkan oleh Standar Akuntansi                        Standards. (continued)
   Indonesia. (lanjutan)

   n.    Tagihan Akseptasi                                          n.    Acceptance Receivables

         Berdasarkan kolektibilitas sesuai POJK:                          By collectability based on FSA regulation:

                                             31 Desember 2025/      31 Desember 2024/
                                             31 December 2025       31 December 2024

        Lancar                                        8.085.682              9.308.408                                   Current
        Dalam perhatian khusus                            2.596                  5.457                           Special mention

                                                      8.088.278              9.313.865
        Dikurangi: cadangan kerugian                                                                         Less: allowance for
          penurunan nilai                                (26.015)              (31.340 )                    impairment losses

        Neto                                          8.062.263              9.282.525                                       Net



   o.    Penyertaan Saham                                           o.    Investments in Shares

         Berdasarkan kolektibilitas sesuai POJK:                          By collectability based on FSA regulation:

                                             31 Desember 2025/      31 Desember 2024/
                                             31 December 2025       31 December 2024

        Lancar                                        2.346.353              2.416.779                                   Current
        Macet                                             1.955                  1.955                                     Loss

        Total                                         2.348.308              2.418.734                                      Total
        Dikurangi: cadangan kerugian                                                                          Less: allowance for
          penurunan nilai                                 (1.986)               (1.986 )                    impairment losses

        Neto                                          2.346.322              2.416.748                                       Net



   p.    Estimasi Kerugian         Atas   Komitmen    dan            p.   Estimated Losses         on    Commitments         and
         Kontinjensi                                                      Contingencies

         Berdasarkan kolektibilitas sesuai POJK:                          By collectability based on FSA regulation:

                                             31 Desember 2025/      31 Desember 2024/
                                             31 December 2025       31 December 2024

        Lancar                                       350.683.484           262.953.576                                   Current
        Dalam perhatian khusus                         1.082.083             1.134.720                           Special mention
        Kurang lancar                                      1.344                   493                             Substandard
        Diragukan                                          2.139                 1.442                                  Doubtful
        Macet                                             39.391                 6.972                                     Loss

        Total                                        351.808.441           264.097.203                                     Total
        Dikurangi: cadangan kerugian                                                                         Less: allowance for
          penurunan nilai                               (895.791)           (1.114.013)                     impairment losses

        Komitmen dan                                                                                        Commitments and
          kontinjensi - neto                         350.912.650           262.983.190                  contingencies - neto


                                                          495
Page 1510
                                                                                    The original consolidated financial statements
                                                                                  included herein are in the Indonesian language.

          PT BANK MANDIRI (PERSERO) Tbk                                     PT BANK MANDIRI (PERSERO) Tbk
              DAN ENTITAS ANAKNYA                                                 AND ITS SUBSIDIARIES
        CATATAN ATAS LAPORAN KEUANGAN                                        NOTES TO THE CONSOLIDATED
                   KONSOLIDASIAN                                                 FINANCIAL STATEMENTS
         Tanggal 31 Desember 2025 dan untuk                                   As of 31 December 2025 and for
        Tahun Berakhir pada Tanggal Tersebut                                     for the Year Then Ended
           (Disajikan dalam jutaan Rupiah,                                   (Expressed in millions of Rupiah,
               kecuali dinyatakan lain)                                          unless otherwise stated)

65. INFORMASI      TAMBAHAN YANG    TIDAK                      65. ADDITIONAL INFORMATION THAT IS NOT
    DIPERSYARATKAN OLEH STANDAR AKUNTANSI                          REQUIRED   BY     INDONESIAN ACCOUNTING
    INDONESIA (lanjutan)                                           STANDARDS (continued)

   Informasi tambahan berikut yang disajikan di bawah ini         The following additional information presented below is
   merupakan informasi yang disyaratkan oleh regulasi             information required by applicable regulations and is not
   yang berlaku dan bukan/tidak merupakan informasi               information required by Indonesian Accounting
   yang dipersyaratkan oleh Standar Akuntansi                     Standards. (continued)
   Indonesia. (lanjutan)

   q.    Rasio Aset Produktif Bermasalah, Rasio                   q.   Non-Performing     Earning    Assets    Ratio,
         Pemenuhan Cadangan Kerugian Penurunan                         Allowance for Impairment Losses on Earning
         Nilai Aset Produktif, dan Rasio Kredit Usaha                  Assets Fulfillment Ratio, and Micro and Small
         Mikro dan Kecil                                               Business Loans Ratio

         Rasio aset produktif bermasalah terhadap jumlah               Non-performing earning assets to total earning
         aset produktif (termasuk Rekening Administratif)              assets ratio (including Administrative Accounts) as
         pada tanggal 31 Desember 2025 dan 2024 (Bank                  of 31 December 2025 and 2024 (Bank Mandiri
         Mandiri saja) adalah masing-masing sebesar                    only) are 0.67% and 0.67%,respectively. For Non-
         0,67% dan 0,67%. Untuk rasio kredit bermasalah                Performing Loan (NPL) ratio refer to Note 65.k.5.
         lihat Catatan 65.k.5.

         Rasio jumlah cadangan kerugian penurunan nilai                The ratio of total allowance for impairment losses
         aset produktif dibentuk oleh Bank Mandiri pada                on earning assets provided by Bank Mandiri as of
         tanggal 31 Desember 2025 dan 2024 terhadap                    31 December 2025 and 2024 compared to the
         jumlah minimum cadangan kerugian penurunan                    minimum allowance for impairment losses on
         nilai aset produktif sesuai dengan ketentuan                  earning assets according to regulatory regulations
         regulator pada tanggal 31 Desember 2025 dan                   as of 31 December 2025 and 2024 are 110.31%
         2024 masing-masing sebesar 110,31% dan                        and 135.06%, respectively.
         135,06%.

         Rasio aset produktif bermasalah terhadap jumlah               The ratio of non-performing earning assets to total
         aset produktif (termasuk Rekening Administratif)              earning assets (including Administrative Accounts)
         dan rasio jumlah cadangan kerugian penurunan                  and the ratio of total allowance for impairment
         nilai aset produktif dihitung sesuai dengan SEOJK             losses on earning assets is calculated in
         No. 9/SEOJK.03/2020 tanggal 30 Juni 2020                      accordance with SEOJK No. 9/SEOJK.03/2020
         tentang Transparansi dan Publikasi Laporan Bank               dated 30 June 2020 concerning Transparency and
         Umum Konvensional.                                            Publication of Conventional Commercial Bank
                                                                       Reports.

         Rasio kredit usaha mikro dan kecil terhadap                   The ratio of small-scale and micro business loans
         jumlah kredit yang diberikan Bank Mandiri pada                to total loans provided by Bank Mandiri as of
         tanggal 31 Desember 2025 dan 2024 masing-                     31 December 2025 and 2024 are 7.72% and 8.10%,
         masing sebesar 7,72% dan 8,10%.                               respectively.

   r.    Manajemen risiko                                         r.   Risk management

         1)   Risiko pasar dan risiko likuiditas                       1)    Market risk and liquidity risk

              Manajemen risiko likuiditas                                    Liquidity risk management

              Pada tanggal 31 Desember 2025, RIM Bank                        As of 31 December 2025, the Banks’s RIM is
              Mandiri saja sebesar 84,52%. Pada tanggal                      84.52%. As of 31 December 2025, the Bank’s
              31 Desember 2025, LCR Bank Mandiri saja                        LCR is 137.40%. As of 31 December 2025, the
              sebesar      137,40%.     Pada    tanggal                      Bank’s NSFR is 109.95%.
              31 Desember 2025, NSFR Bank Mandiri saja
              sebesar 109,95%.




                                                         496
Page 1511
                                                                                             The original consolidated financial statements
                                                                                           included herein are in the Indonesian language.

             PT BANK MANDIRI (PERSERO) Tbk                                           PT BANK MANDIRI (PERSERO) Tbk
                 DAN ENTITAS ANAKNYA                                                       AND ITS SUBSIDIARIES
           CATATAN ATAS LAPORAN KEUANGAN                                              NOTES TO THE CONSOLIDATED
                      KONSOLIDASIAN                                                       FINANCIAL STATEMENTS
            Tanggal 31 Desember 2025 dan untuk                                         As of 31 December 2025 and for
           Tahun Berakhir pada Tanggal Tersebut                                           for the Year Then Ended
              (Disajikan dalam jutaan Rupiah,                                         (Expressed in millions of Rupiah,
                  kecuali dinyatakan lain)                                                unless otherwise stated)

65. INFORMASI      TAMBAHAN YANG    TIDAK                            65. ADDITIONAL INFORMATION THAT IS NOT
    DIPERSYARATKAN OLEH STANDAR AKUNTANSI                                REQUIRED   BY     INDONESIAN ACCOUNTING
    INDONESIA (lanjutan)                                                 STANDARDS (continued)

   Informasi tambahan berikut yang disajikan di bawah ini               The following additional information presented below is
   merupakan informasi yang disyaratkan oleh regulasi                   information required by applicable regulations and is not
   yang berlaku dan bukan/tidak merupakan informasi                     information required by Indonesian Accounting
   yang dipersyaratkan oleh Standar Akuntansi                           Standards. (continued)
   Indonesia. (lanjutan)

   r.        Manajemen risiko (lanjutan)                                r.     Risk Management (continued)

             2)     Risiko operasional                                         2)     Operational risk

                    Managing risk through capital                                     Managing risk through capital

                    Hasil perhitungan dari beban modal risiko                         The result of calculation of operational risk
                    operasional Bank Mandiri (Bank Mandiri saja)                      capital charges for Bank Mandiri (Bank Only) as
                    pada tanggal 31 Desember 2025 adalah                              of 31 December 2025 amounted to
                    sebesar Rp5.161.466 sedangkan secara                              Rp5,161,466 while for consolidation (Bank
                    konsolidasian (Bank Mandiri dengan Entitas                        Mandiri and its Subsidiaries) amounted to
                    Anak)     adalah   sebesar     Rp6.532.494.                       Rp6,532,494. Based on these operational risk
                    Berdasarkan nilai beban modal risiko                              capital charges values, RWA for operational risk
                    operasional tersebut, nilai ATMR risiko                           as of 31 December 2025 amounted to
                    operasional pada tanggal 31 Desember 2025                         Rp64,518,330 (Bank Only) and Rp81,656,177
                    adalah sebesar Rp64.518.330 (Bank Mandiri                         (consolidated).
                    saja) dan Rp81.656.177 (konsolidasian).

66. ASET DAN LIABILITAS DIKUASAI UNTUK DIJUAL                        66. ASSETS AND LIABILITIES HELD FOR SALE

   Kelompok aset dan liabilitas dalam laporan posisi                    Group of assets and liabilities in the consolidated
   keuangan konsolidasian yang diklasifikasikan sebagai                 statement of financial position which classified as assets
   aset dan liabilitas yang dikuasai untuk dijual                       and liabilities held for sale are assets and liabilities from
   merupakan aset dan liabilitas dari PT Mandiri                        PT Mandiri Manajemen Investasi (MMI) in relation to Bank
   Manajemen Investasi (MMI) sehubungan dengan                          Mandiri’s intention through its Subsidiary, PT Mandiri
   intensi Bank Mandiri melalui Entitas Anak, PT Mandiri                Sekuritas to transfer its 99.93% of its ownership in MMI to
   Sekuritas untuk mengalihkan 99,93% kepemilikan                       the shareholders of Bank Mandiri within the next 12 month
   saham di MMI kepada pemegang saham Bank Mandiri                      period. Details of those assets and liabilities held for sale
   dalam periode 12 bulan kedepan. Rincian aset dan                     are as follows:
   liabilitas yang dikuasai untuk dijual tersebut adalah
   sebagai berikut:

                                                             31 Desember 2025/
                                                             31 December 2025

   ASET*)                                                                                                                              ASSETS*)

   Kas                                                                          14                                                 Cash
   Giro pada bank lain                                                       4.879                    Current accounts with other banks
   Penempatan pada Bank Indonesia                                                                       Placements with Bank Indonesia
      dan bank lain                                                      64.007                                    and other banks
   Efek-efek                                                             69.108                                   Marketable securities
   Biaya dibayar dimuka                                                   6.887                                      Prepaid expenses
   Pajak dibayar dimuka                                                   1.627                                           Prepaid taxes
   Aset tetap                                                            75.686                                            Fixed assets
      Dikurangi: akumulasi penyusutan                                   (44.984)                     Less: accumulated depreciation
   Aset takberwujud                                                       7.419                                       Intangible assets
      Dikurangi: akumulasi amortisasi                                    (6.420)                     Less: accumulated amortisation


   *)
        Setelah eliminasi transaksi intragroup                                                       After elimination of intercompany transactions *)




                                                               497
Page 1512
                                                                                                 The original consolidated financial statements
                                                                                               included herein are in the Indonesian language.

             PT BANK MANDIRI (PERSERO) Tbk                                           PT BANK MANDIRI (PERSERO) Tbk
                 DAN ENTITAS ANAKNYA                                                       AND ITS SUBSIDIARIES
           CATATAN ATAS LAPORAN KEUANGAN                                              NOTES TO THE CONSOLIDATED
                      KONSOLIDASIAN                                                       FINANCIAL STATEMENTS
            Tanggal 31 Desember 2025 dan untuk                                         As of 31 December 2025 and for
           Tahun Berakhir pada Tanggal Tersebut                                           for the Year Then Ended
              (Disajikan dalam jutaan Rupiah,                                         (Expressed in millions of Rupiah,
                  kecuali dinyatakan lain)                                                unless otherwise stated)

66. ASET DAN LIABILITAS DIKUASAI UNTUK DIJUAL                      66. ASSETS AND LIABILITIES HELD FOR SALE

   Rincian aset dan liabilitas yang dikuasai untuk dijual             Details of those assets and liabilities held for sale are as
   tersebut adalah sebagai berikut: (lanjutan)                        follows: (continued)

                                                           31 Desember 2025/
                                                           31 December 2025

    ASET*) (lanjutan)                                                                                                           ASSETS*) (continued)

   Aset lain-lain                                                           66.099                                                       Other assets
   Aset pajak tangguhan - neto                                               9.452                                           Deferred tax assets - net

   TOTAL ASET                                                          253.774                                                       TOTAL ASSETS

   *)                                                                 *)
        Setelah eliminasi transaksi intragroup                             After elimination of intercompany transactions


    LIABILITAS                                                                                                                            LIABILITIES

    Utang pajak                                                              5.967                                                    Taxes payable
    Liabilitas imbalan kerja                                                49.474                                          Employee benefit liabilities
    Liabilitas lain-lain                                                    72.031                                                    Other liabilities

    TOTAL LIABILITAS                                                   127.472                                                   TOTAL LIABILITIES


67. STANDAR AKUNTANSI YANG TELAH DISAHKAN                          67. ISSUED ACCOUNTING STANDARDS THAT ARE
    NAMUN BELUM BERLAKU EFEKTIF                                        NOT YET EFFECTIVE.

   Amendemen dan penyesuaian Pernyataan Standar                       Amendments and improvements to the Statements of
   Akuntansi Keuangan (PSAK) dan Interpretasi Standar                 Financial     Accounting     Standards      (SFAS)      and
   Akuntansi Keuangan (ISAK) yang telah disahkan oleh                 Interpretations of Financial Accounting Standards (IFAS)
   Dewan Standar Akuntansi Keuangan (DSAK) - Ikatan                   that have been issued by the Financial Accounting
   Akuntan Indonesia (IAl), tetapi belum berlaku efektif              Standards Board (FASB) of the Indonesian Institute of
   untuk laporan keuangan tahun berjalan diungkapkan di               Accountants (IAI), but are not yet effective for the current
   bawah ini. Grup bermaksud untuk menerapkan                         financial year, are disclosed below. The Group intends to
   amendemen dan penyesuaian PSAK dan ISAK                            adopt such amendments and improvements to SFAS and
   tersebut, jika dipandang relevan, saat telah menjadi               IFAS, where relevant, when they become effective.
   efektif.

   PSAK berlaku untuk tahun buku yang mulai sejak                     SFAS that will become effective for annual period
   1 Januari 2026 dan penerapan dini diperbolehkan:                   beginning 1 January 2026 and early adoption is
                                                                      permitted:

   a.        Amandemen PSAK 109 “Instrumen Keuangan”.                 a.        Amendment to SFAS 109 “Financial Instruments”.

             Amendemen         ini     menambahkan        dan                   This amendment adds to and clarify the
             mengklarifikasi ketentuan dalam PSAK 109 terkait                   requirements in SFAS 109 relating to the
             penghentian pengakuan liabilitas keuangan, serta                   derecognition of financial liabilities and clarify the
             mengklarifikasi penilaian karakteristik arus kas                   assessment of cash flow characteristics for financial
             untuk aset keuangan dengan fitur ESG-linked,                       assets with ESG-linked features, financial assets
             aset keuangan dengan fitur non-recourse, dan                       with non-recourse features, and contractually linked
             instrumen yang terikat secara kontraktual seperti                  instruments such as tranches.
             tranche.




                                                             498
Page 1513
                                                                                The original consolidated financial statements
                                                                              included herein are in the Indonesian language.

          PT BANK MANDIRI (PERSERO) Tbk                                PT BANK MANDIRI (PERSERO) Tbk
              DAN ENTITAS ANAKNYA                                            AND ITS SUBSIDIARIES
        CATATAN ATAS LAPORAN KEUANGAN                                   NOTES TO THE CONSOLIDATED
                   KONSOLIDASIAN                                            FINANCIAL STATEMENTS
         Tanggal 31 Desember 2025 dan untuk                              As of 31 December 2025 and for
        Tahun Berakhir pada Tanggal Tersebut                                for the Year Then Ended
           (Disajikan dalam jutaan Rupiah,                              (Expressed in millions of Rupiah,
               kecuali dinyatakan lain)                                     unless otherwise stated)

67. STANDAR AKUNTANSI YANG TELAH DISAHKAN                    67. ISSUED ACCOUNTING STANDARDS THAT ARE
    NAMUN BELUM BERLAKU EFEKTIF (lanjutan)                       NOT YET EFFECTIVE (continued)

  PSAK berlaku untuk tahun buku yang mulai sejak               SFAS that will become effective for annual period
  1 Januari 2026 dan penerapan dini diperbolehkan:             beginning 1 January 2026 and early adoption is
  (lanjutan)                                                   permitted: (continued)

   b.    Amandemen PSAK 107 “Instrumen Keuangan:               b.   Amendment to SFAS 107 “Financial Instruments:
         Pengungkapan      tentang  Klasifikasi dan                 Disclosures on Classification and Measurement of
         Pengukuran Instrumen Keuangan”.                            Financial Instruments”.

         Amendemen ini mengubah ketentuan terkait                   The amendment revises the disclosure requirements
         persyaratan pengungkapan investasi pada                    for investments in equity instruments measured at
         instrumen ekuitas yang diukur pada nilai wajar             fair value through other comprehensive income and
         melalui penghasilan komprehensif lain dan                  introduce additional requirements for financial
         menambah ketentuan terkait instrumen keuangan              instruments with contractual terms that modify the
         dengan persyaratan kontraktual yang mengubah               timing or amount of contractual cash flows.
         waktu atau jumlah arus kas kontraktual.

  PSAK berlaku untuk tahun buku yang mulai sejak               SFAS that will become effective for annual period
  1 Januari 2027 dan penerapan dini diperbolehkan:             beginning 1 January 2027 and early adoption is
                                                               permitted:

  PSAK 118 “Penyajian dan Pengungkapan dalam                   SFAS 118 “Presentation and Disclosure in Financial
  dalam Laporan Keuangan”.                                     Statements”.

  PSAK ini akan menggantikan PSAK 201 “Penyajian               This SFAS will replace SFAS 201 “Presentation in
  Laporan Keuangan” yang menyebabkan perubahan                 Financial Statements” resulting in changes to the
  pada struktur penyajian laporan laba rugi dimana             presentation structure of the income statement, requiring
  mensyaratkan penyajian subtotal laba/(rugi) operasi,         the presentation of subtotal profit/(loss) from operations,
  laba/(rugi) sebelum pendanaan dan pajak penghasilan,         profit/(loss) before financing and income tax, as well as
  serta laba/(rugi). Selanjutnya, penghasilan dan beban        profit/(loss). Moreover, income and expenses to be
  untuk diklasifikasikan ke dalam kategori operasi,            classified into operating, investing and financing
  investasi, dan pendanaan, serta pajak penghasilan dan        categories, as well as income tax and discontinued
  operasi yang dihentikan. Selain itu, PSAK ini juga           operations. In addition, this SFAS also regulates the
  mengatur mengenai pengungkapan ukuran kinerja                disclosure of management-defined performance
  tetapan     manajemen      (UKTM)    dengan     tujuan       measures (MPMs) with the aim of communicating
  mengomunikasikan pandangan manajemen atas                    management's views on the overall financial
  aspek kinerja keuangan perusahaan secara                     performance of the company.
  keseluruhan.

  Grup sedang mengevaluasi dampak dari Pernyataan              The Group is currently evaluating the impact of the
  Standar Akuntansi Keuangan dan Interpretasi Standar          Statements of Financial Accounting Standards and the
  Akuntansi Keuangan tersebut dan belum menentukan             Interpretations of Financial Accounting Standards and
  dampaknya terhadap laporan keuangan konsolidasian            has not yet determined their impact on the Group’s
  Grup.                                                        consolidated financial statements.




                                                       499
Page 1514
                                                                               The original consolidated financial statements
                                                                             included herein are in the Indonesian language.

          PT BANK MANDIRI (PERSERO) Tbk                                PT BANK MANDIRI (PERSERO) Tbk
              DAN ENTITAS ANAKNYA                                            AND ITS SUBSIDIARIES
        CATATAN ATAS LAPORAN KEUANGAN                                   NOTES TO THE CONSOLIDATED
                   KONSOLIDASIAN                                            FINANCIAL STATEMENTS
         Tanggal 31 Desember 2025 dan untuk                              As of 31 December 2025 and for
        Tahun Berakhir pada Tanggal Tersebut                                for the Year Then Ended
           (Disajikan dalam jutaan Rupiah,                              (Expressed in millions of Rupiah,
               kecuali dinyatakan lain)                                     unless otherwise stated)

68. PERISTIWA SETELAH TANGGAL LAPORAN                       68. SUBSEQUENT EVENT

   a)    Pengalihan saham Bank Mandiri milik                   a)   The transfer of Bank Mandiri’s shares held by PT
         PT Danantara Asset Management (Persero)                    Danantara Asset Management (Persero) to the
         kepada Badan Pengaturan Badan Usaha Milik                  State-Owned Enterprises Regulatory Authority
         Negara

         Berdasarkan Surat Keterangan Kepemilikan                   Based on the Share Ownership Certificate
         Saham No. DE/I/26-0251 tanggal 7 Januari 2026              No. DE/I/26-0251 dated 7 January 2026 issued by
         dari PT Datindo Entrycom selaku Biro                       PT Datindo Entrycom in its capacity as Bank
         Administrasi Efek Bank Mandiri, pada tanggal               Mandiri’s Share Registrar, as of 7 January 2026
         7 Januari 2026 telah tercatat pengalihan                   there has been a recorded transfer of ownership of
         kepemilikan 485.333.332 Saham Seri B                       485,333,332 Series B Shares of the Company,
         Perseroan atau 0,52 % (nol koma lima puluh dua             representing 0.52% (zero point fifty-two percent) of
         persen) dari seluruh saham yang telah                      the total issued and fully paid shares of the
         dikeluarkan dan disetor penuh Perseroan milik              Company, from PT Danantara Asset Management
         PT Danantara Assets Management (Persero)                   (Persero) (‘DAM’) to the State-Owned Enterprises
         (‘DAM’) kepada Badan Pengatur Badan Usaha                  Regulatory Authority (‘BP BUMN’).
         Milik Negara (‘BP BUMN’).

         Pelaksanaan transaksi pengalihan saham                     The implementation of the share transfer
         dilakukan dengan penandatanganan Perjanjian                transaction was carried out through the execution of
         Pengalihan Saham Milik Negara Republik                     the Agreement on the Transfer of Shares Owned by
         Indonesia Berupa Saham Seri B Pada BUMN                    the Government of the Republic of Indonesia in the
         Kepada Badan Pengaturan Badan Usaha Milik                  Form of Series B Shares in State-Owned
         Negara     No.   PERJ-1/BPU/01/2026    dan                 Enterprises to the State-Owned Enterprises
         No. LGL1.001/PERJ/DI-DAM.DO/2026 tanggal                   Regulatory Authority No. PERJ-1/BPU/01/2026 and
         5 Januari 2026 antara Kepala BP BUMN dan                   No.    LGL1.001/PERJ/DI-DAM.DO/2026,          dated
         DAM.                                                       5 January 2026, entered into between the Head of
                                                                    BP BUMN and DAM.

         Dengan terdapatnya pengalihan tersebut, BP                 As a result of such transfer, the BP BUMN holds 1%
         BUMN memiliki saham Bank Mandri sebesar 1%                 (one percent) of the State’s total shareholding in
         (satu persen) dari jumlah kepemilikan Negara               Bank Mandiri, through the BP BUMN and DAM. The
         melalui BP BUMN dan DAM dalam Perseroan.                   transfer of shares owned by the Government of the
         Pengalihan saham milik Negara RI tersebut                  Republic      of     Indonesia     constitutes  the
         merupakan pelaksanaan peraturan perundang-                 implementation of prevailing laws and regulations,
         undangan, yaitu UU No. 16 Tahun 2025 tentang               namely Law No. 16 of 2025 concerning the Fourth
         Perubahan Keempat atas UU No. 16 Tahun 2025                Amendment to Law No. 19 of 2003 on State-Owned
         tentang Perubahan Keempat atas UU No. 19                   Enterprises, dated 6 October 2025.
         Tahun 2003 tentang Badan Usaha Milik Negara
         tanggal 6 Oktober 2025.

   b)    Penghentian pengendalian Bank Mandiri atas            b)   Termination of Bank Mandiri’s control on Bank
         Bank Syariah Indonesia                                     Sharia Indonesia


         Pada tanggal 22 Desember 2025, BSI, entitas                On 22 December 2025, BSI, a subsidiary,
         anak, telah menyelenggarakan Rapat Umum                    conducted an Extraordinary General Meeting of
         Pemegang Saham Luar Biasa (“RUPSLB”),                      Shareholders (“EGMS”), one of the principal agenda
         dengan salah satu agenda RUPSLB tersebut                   items of EGMS was the approval of amendments to
         berupa persetujuan Anggaran Dasar (“AD”) BSI               BSI’s the Articles of Association (“AoA”) to align with
         dalam rangka penyesuaian terhadap UU BUMN.                 the State-Owned Enterprises Law.




                                                      500
Page 1515
                                                                                    The original consolidated financial statements
                                                                                  included herein are in the Indonesian language.

          PT BANK MANDIRI (PERSERO) Tbk                                      PT BANK MANDIRI (PERSERO) Tbk
              DAN ENTITAS ANAKNYA                                                  AND ITS SUBSIDIARIES
        CATATAN ATAS LAPORAN KEUANGAN                                         NOTES TO THE CONSOLIDATED
                   KONSOLIDASIAN                                                  FINANCIAL STATEMENTS
         Tanggal 31 Desember 2025 dan untuk                                    As of 31 December 2025 and for
        Tahun Berakhir pada Tanggal Tersebut                                      for the Year Then Ended
           (Disajikan dalam jutaan Rupiah,                                    (Expressed in millions of Rupiah,
               kecuali dinyatakan lain)                                           unless otherwise stated)

68. PERISTIWA        SETELAH     TANGGAL      LAPORAN         68. SUBSEQUENT EVENTS (continued)
    (lanjutan)

   b)    Penghentian pengendalian Bank Mandiri atas               b)   Termination of Bank Mandiri’s control on Bank
         Bank Syariah Indonesia (lanjutan)                             Sharia Indonesia (continued)

         Dalam rangka penyesuaian tata kelola atas                     In order to align the governance framework of the
         pengelolaan BSI, perubahan AD BSI tersebut                    supervision of BSI, the amendment to AoA was
         ditindaklanjuti dengan Surat No. S-55/BP/01/2026              subsequently followed up by a letter No. S-
         tanggal 27 Januari 2026 dari Badan Pengaturan                 55/BP/01/2026 dated 27 January 2026 from the
         BUMN (dahulu Kementerian BUMN) selaku Wakil                   State Owned Enterprises Governance (formerly
         Pemerintah Negara Republik Indonesia (‘BP                     Ministry of State-Owned Enterprises), acting as the
         BUMN’) sebagai Pemegang Saham Seri A                          Representative of the Government of the Republic
         Dwiwarna pada BSI dengan detail sebagai                       of Indonesia (‘BP BUMN’), as a holder of Series A
         berikut:                                                      Dwiwarna Shares in BSI, with the following details:

         i)    Pencabutan Surat Kuasa Khusus (‘SKK’) No.               i)     Revocation of the Special Power of Attorney
               SKK-43/MBU/06/2022 tanggal 24 Juni 2022                        No. SKK-43/MBU/06/2022 dated 24 June 2022
               dari BP BUMN kepada Bank untuk melakukan                       granted by BP BUMN to the Bank, authorizing
               sejumlah tindakan yang menjadi kewenangan                      the Bank to carry out actions constituting the
               dan/atau hak Pemegang Saham Seri A                             authority and/or right of the holder of Series A
               Dwiwarna pada BSI; dan                                         Dwiwarna Shares in BSI; and
         ii)   Pemberian Surat Kuasa Khusus kepada                     ii)    Granting of a Special Power of Attorney to
               PT Danantara Asset Management (Persero)                        PT Danantara Asset Management (Persero)
               (‘DAM’) selaku Holding Operasional BUMN                        (‘DAM’), as the Operational Holding of Sate-
               berdasarkan UU BUMN, terkait pengalihan                        Owned Enterprises pursuant to the State-
               sejumlah tindakan yang menjadi kewenangan                      Owned Enterprises Law, in relation to the
               dan atau hak Pemegang Saham Seri A                             transfer of certain actions constituting the
               Dwiwarna termasuk perubahan tata kelola                        authority and/or rights of Series A Dwiwarna
               atas BSI sehubungan dengan SKK yang                            Shares including the changes of governance of
               diberikan kepada DAM dari BP BUMN                              BSI in relation to the Special Power of Attorney
               sebagai pemegang saham Seri A Dwiwarna                         given to DAM from the BP BUMN as a
               BSI.                                                           shareholder of Series A Dwiwarna of BSI.

         Pencabutan atas SKK yang diterima oleh Bank di                The revocation of Special Power of Attorney
         tanggal 27 Januari 2026 mengakibatkan                         received by the Bank on 27 January 2026 resulted
         hilangnya pengendalian Bank atas BSI sesuai                   the Bank lost control over BSI in accordance with the
         dengan kriteria dari standar akuntansi keuangan               criteria of prevailing Indonesian financial accounting
         yang berlaku di Indonesia.                                    standards.

         Bank tetap mempertahankan kepemilikan saham                   The Bank continues to hold 51.47% share
         di BSI sebesar 51,47% dan memiliki pengaruh                   ownership in BSI and exercise a significant influence
         signifikan atas BSI.                                          over BSI.

   c)    Perubahan Susunan Keanggotaan Komite di                 c)    Changes in the Composition of Committees
         Bawah Dewan Komisaris                                         Under the Board of Commissioners
         Pada tanggal 27 Januari 2026 telah ditetapkan                 On 27 January 2026, there were changes to the
         perubahan susunan keanggotaan Komite Audit,                   composition of the Audit Committee, Risk Oversight
         Komite Pemantau Risiko, Komite Remunerasi                     Committee,     Remuneration      and   Nomination
         dan Nominasi dan Komite Tata Kelola                           Committee, and Integrated Governance Committee.
         Terintegrasi, perubahan tersebut ditetapkan                   These changes were made based on the following
         berdasarkan Keputusan Direksi sebagai berikut:                Board of Directors’ Resolutions:
         -    KEP.DIR/006/2026    tentang    Penetapan                 - KEP.DIR/006/2026 regarding the Appointment of
              Keanggotaan Komite Audit.                                  the Audit Committee Members.
         -    KEP.DIR/007/2026    tentang    Penetapan                 - KEP.DIR/007/2026 regarding the Appointment of
              Keanggotaan Komite Pemantau Risiko.                        the Risk Oversight Committee Members.
         -    KEP.DIR/008/2026    tentang    Penetapan                 - KEP.DIR/008/2026 regarding the Appointment of
              Keanggotaan    Komite      Tata    Kelola                  the Integrated Governance Committee Members.
              Terintegrasi.
         -    KEP.DIR/009/2026    tentang    Penetapan                 - KEP.DIR/009/2026 regarding the Appointment of
              Keanggotaan Komite Remunerasi dan                          the Remuneration and Nomination Committee
              Nominasi.                                                  Members.
                                                        501
Page 1516
                                                                                                    The original consolidated financial statements
                                                                                                  included herein are in the Indonesian language.

           PT BANK MANDIRI (PERSERO) Tbk                                                PT BANK MANDIRI (PERSERO) Tbk
               DAN ENTITAS ANAKNYA                                                            AND ITS SUBSIDIARIES
         CATATAN ATAS LAPORAN KEUANGAN                                                   NOTES TO THE CONSOLIDATED
                    KONSOLIDASIAN                                                            FINANCIAL STATEMENTS
          Tanggal 31 Desember 2025 dan untuk                                              As of 31 December 2025 and for
         Tahun Berakhir pada Tanggal Tersebut                                                for the Year Then Ended
            (Disajikan dalam jutaan Rupiah,                                              (Expressed in millions of Rupiah,
                kecuali dinyatakan lain)                                                     unless otherwise stated)

68. PERISTIWA         SETELAH           TANGGAL           LAPORAN             68. SUBSEQUENT EVENTS (continued)
    (lanjutan)

    c)    Perubahan Susunan Keanggotaan Komite di                                c)   Changes in the Composition of Committees
          Bawah Dewan Komisaris (lanjutan)                                            Under the Board of Commissioners (continued)

          Dengan adanya perubahan dimaksud, maka                                      With the aforementioned changes, the composition
          susunan keanggotaan Komite di bawah Dewan                                   of the Committees under the Board of
          Komisaris menjadi sebagai berikut:                                          Commissioners is as follows:
          1. Komite Audit                                                             1. Audit Committee
              - Zulkifli Zaini sebagai Ketua merangkap                                   - Zulkifli Zaini as Chairman concurrently serving
                Anggota*);                                                                 as Member*);
              - Mia Amiati sebagai Anggota;                                              - Mia Amiati as Member;
              - Bintoro K. Pardewo sebagai Anggota*);                                    - Bintoro K. Pardewo as Member*);
              - Rasyid Darajat sebagai Anggota (Pihak                                    - Rasyid Darajat as Member (Independent Non-
                Independen Non Komisaris); dan                                             Commissioner); and
              - Rubi Pertama sebagai Anggota (Pihak                                      - Rubi Pertama as Member (Independent Non-
                Independen Non Komisaris).                                                 Commissioner).

          2.   Komite Pemantau Risiko                                                 2. Risk Oversight Committee
               - Mia Amiati sebagai Ketua merangkap                                      - Mia Amiati as Chairperson concurrently
                 Anggota;                                                                  serving as Member;
               - Zulkifli Zaini sebagai Anggota*);                                       - Zulkifli Zaini as Member*);
               - Rudy       Salahuddin    Ramto    sebagai                               - Rudy Salahuddin Ramto as Member*);
                 Anggota*);
               - Muhammad Yusuf Ateh sebagai Anggota;                                    - Muhammad Yusuf Ateh as Member;
               - Yuliot sebagai Anggota;                                                 - Yuliot as Member;
               - Luky Alfirman sebagai Anggota*);                                        - Luky Alfirman as Member*);
               - Bintoro K. Pardewo sebagai Anggota*);                                   - Bintoro K. Pardewo as Member*);
               - Taufik Hidayat sebagai Anggota (Pihak                                   - Taufik Hidayat as Member (Independent Non-
                 Independen Non Komisaris); dan                                            Commissioner); and
               - Caroline Halim sebagai Anggota (Pihak                                   - Caroline Halim as Member (Independent Non-
                 Independen Non Komisaris).                                                Commissioner).
               *) Efektif setelah mendapat persetujuan dari Otoritas Jasa                *) Effective upon obtaining approval from the Financial Services Authority
                  Keuangan atas Penilaian Kemampuan dan Kepatutan serta                     for the Fit and Proper Test and in compliance with the applicable laws
                  memenuhi peraturan perundang-undangan yang berlaku.                       and regulations.




                                                                        502
Page 1517
                                                                                                          The original consolidated financial statements
                                                                                                        included herein are in the Indonesian language.

           PT BANK MANDIRI (PERSERO) Tbk                                                      PT BANK MANDIRI (PERSERO) Tbk
               DAN ENTITAS ANAKNYA                                                                  AND ITS SUBSIDIARIES
         CATATAN ATAS LAPORAN KEUANGAN                                                         NOTES TO THE CONSOLIDATED
                    KONSOLIDASIAN                                                                  FINANCIAL STATEMENTS
          Tanggal 31 Desember 2025 dan untuk                                                    As of 31 December 2025 and for
         Tahun Berakhir pada Tanggal Tersebut                                                      for the Year Then Ended
            (Disajikan dalam jutaan Rupiah,                                                    (Expressed in millions of Rupiah,
                kecuali dinyatakan lain)                                                           unless otherwise stated)

68. PERISTIWA         SETELAH            TANGGAL            LAPORAN              68. SUBSEQUENT EVENTS (continued)
    (lanjutan)

    c)    Perubahan Susunan Keanggotaan Komite di                                   c)   Changes in the Composition of Committees
          Bawah Dewan Komisaris (lanjutan)                                               Under the Board of Commissioners (continued)

          3.   Komite Tata Kelola Terintegrasi                                           3.    Integrated Governance Committee
               - Mia Amiati sebagai Ketua merangkap                                            - Mia Amiati as Chairperson concurrently
                 Anggota;                                                                         serving as Member;
               - Zulkifli Zaini sebagai Anggota*);                                             - Zulkifli Zaini as Member*);
               - Bintoro K. Pardewo sebagai Anggota*);                                         - Bintoro K. Pardewo as Member*);
               - Taufik Hidayat sebagai Anggota (Pihak                                         - Taufik Hidayat as Member (Independent
                 Independen Non Komisaris);                                                       Non-Commissioner);
               - Rasyid Darajat sebagai Anggota (Pihak                                         - Rasyid Darajat as Member (Independent
                 Independen Non Komisaris);                                                       Non-Commissioner);
               - Perwakilan Komisaris Independen PT Bank                                       - Representative       of   the Independent
                 Mandiri Taspen**);                                                               Commissioner of PT Bank Mandiri Taspen**);
               - Perwakilan        Komisaris      Independen                                   - Representative       of   the Independent
                 PT Mandiri Sekuritas**);                                                         Commissioner of PT Mandiri Sekuritas**).
               - Perwakilan Komisaris Independen PT AXA                                        - Representative       of   the Independent
                 Mandiri Financial Services**);                                                   Commissioner of PT AXA Mandiri Financial
                                                                                                  Services**);
               - Perwakilan     Komisaris                  Independen                          - Representative       of   the Independent
                 PT Mandiri Tunas Finance**);                                                     Commissioner of PT Mandiri Tunas
                                                                                                  Finance**);
               - Perwakilan     Komisaris     Independen                                       - Representative       of   the Independent
                 PT Mandiri Utama Finance**);                                                     Commissioner of PT Mandiri Utama
                                                                                                  Finance**);
               - Perwakilan     Komisaris        Independen                                    - Representative       of   the Independent
                 PT Mandiri Capital Indonesia**);                                                 Commissioner of PT Mandiri Capital
                                                                                                  Indonesia**);
               - Perwakilan Komisaris Independen PT Bank                                       - Representative       of   the Independent
                 Syariah Indonesia (Persero) Tbk**); dan                                          Commissioner of PT Bank Syariah Indonesia
                                                                                                  (Persero) Tbk**); and
               - Dewan     Pengawas                   Syariah         dari                     - Sharia Supervisory Board of Subsidiaries.
                 Perusahaan Anak.

          4.   Komite Remunerasi dan Nominasi                                            4.    Remuneration and Nomination Committee
               - Zulkifli Zaini sebagai Ketua merangkap                                        - Zulkifli Zaini as Chairperson concurrently
                 Anggota*);                                                                      serving as Member*);
               - Rudy      Salahuddin    Ramto   sebagai                                       - Rudy Salahuddin Ramto as Member*);
                 Anggota*);
               - Muhammad Yusuf Ateh sebagai Anggota;                                          -   Muhammad Yusuf Ateh as Member;
               - Mia Amiati sebagai Anggota;                                                   -   Mia Amiati as Member;
               - Yuliot sebagai Anggota;                                                       -   Yuliot as Member;
               - Luky Alfirman sebagai Anggota*;                                               -   Luky Alfirman as Member*);
               - Bintoro K. Pardewo sebagai anggota*; dan                                      -   Bintoro K. Pardewo as Member*); and
               - SEVP/Group Head Human Capital sebagai                                         -   SEVP/Group Head of Human Capital as
                 Sekretaris merangkap anggota.                                                     Secretary concurrently serving as Member.
               *) Efektif setelah mendapat persetujuan dari Otoritas Jasa                      *) Effective upon obtaining approval from the Financial Services Authority
                   Keuangan atas Penilaian Kemampuan dan Kepatutan serta                          for the Fit and Proper Test and in compliance with the applicable laws
                   memenuhi peraturan perundang-undangan yang berlaku.                            and regulations.
               **) Menyesuaikan dengan Pejabat dari Perusahaan Anak terkait.                  **) Adjusted in accordance with the relevant officers of the Subsidiaries.




                                                                           503
Page 1518
                                                                                The original consolidated financial statements
                                                                              included herein are in the Indonesian language.

        PT BANK MANDIRI (PERSERO) Tbk                                   PT BANK MANDIRI (PERSERO) Tbk
            DAN ENTITAS ANAKNYA                                               AND ITS SUBSIDIARIES
      CATATAN ATAS LAPORAN KEUANGAN                                      NOTES TO THE CONSOLIDATED
                 KONSOLIDASIAN                                               FINANCIAL STATEMENTS
       Tanggal 31 Desember 2025 dan untuk                                 As of 31 December 2025 and for
      Tahun Berakhir pada Tanggal Tersebut                                   for the Year Then Ended
         (Disajikan dalam jutaan Rupiah,                                 (Expressed in millions of Rupiah,
             kecuali dinyatakan lain)                                        unless otherwise stated)

69. INFORMASI KEUANGAN TERSENDIRI ENTITAS                     69. PARENT   ENTITY‘S         SEPARATE           FINANCIAL
    INDUK                                                         INFORMATION

   Informasi keuangan tersendiri Entitas Induk hanya             The Parent Entity’s separate financial information only
   menyajikan informasi laporan posisi keuangan tanggal          presents information on the statements of financial
   31 Desember 2025 dan 2024 dan laporan laba rugi dan           position as of 31 December 2025 and 2024 and the
   penghasilan komprehensif lain, laporan perubahan              statements of profit or loss and other comprehensive
   ekuitas dan laporan arus kas untuk tahun yang                 income, the statements of changes in equity and the
   berakhir pada tanggal 31 Desember 2025 dan 2024,              statements of cash flow for the year then ended
   dan catatan atas investasi pada entitas anak disajikan        31 December 2025 and 2024, and notes on investments
   dengan metode biaya.                                          in subsidiaries presented using the cost method.

   Laporan keuangan tersendiri Entitas Induk disajikan           The Parent Entity’s separate financial statements are
   pada halaman 505 - 516.                                       presented on pages 505 - 516.




                                                        504
Page 1519
             PT BANK MANDIRI (PERSERO) Tbk                                 PT BANK MANDIRI (PERSERO) Tbk
                  DAN ENTITAS ANAKNYA                                           AND ITS SUBSIDIARIES
           CATATAN ATAS LAPORAN KEUANGAN                                     NOTES TO THE CONSOLIDATED
                 KONSOLIDASIAN (lanjutan)                                  FINANCIAL STATEMENTS (continued)
            Tanggal 31 Desember 2025 dan untuk                                As of 31 December 2025 and
         Tahun yang Berakhir pada Tanggal Tersebut                              for the Year Then Ended
              (Disajikan dalam jutaan Rupiah,                               (Expressed in millions of Rupiah,
                   kecuali dinyatakan lain)                                     unless otherwise stated)


LAPORAN POSISI KEUANGAN - ENTITAS INDUK                           STATEMENT OF FINANCIAL POSITION - PARENT
                                                                  ENTITY

                                           31 Desember 2025/       31 Desember 2024/
                                           31 December 2025        31 December 2024

ASET                                                                                                              ASSETS

Kas                                                  24.868.663           23.325.843                                  Cash

                                                                                                     Current accounts with
Giro pada Bank Indonesia                         207.566.182              88.185.407                    Bank Indonesia

                                                                                                     Current accounts with
Giro pada bank lain                                                                                         other banks
  Pihak berelasi                                         65.242               63.407                     Related parties
  Pihak ketiga                                       58.107.023           45.244.288                       Third parties

                                                     58.172.265           45.307.695
  Dikurangi: cadangan kerugian                                                                      Less: allowance for
    penurunan nilai                                      (9.833)             (15.946)              impairment losses

  Neto                                               58.162.432           45.291.749                                 Net

Penempatan pada                                                                                     Placements with Bank
  Bank Indonesia                                                                                         Indonesia and
  dan bank lain                                                                                             other banks
  Pihak berelasi                                        667.000            2.253.300                    Related parties
  Pihak ketiga                                       19.024.290           20.415.810                       Third parties

                                                     19.691.290           22.669.110
  Dikurangi: cadangan kerugian                                                                      Less: allowance for
    penurunan nilai                                      (1.499)              (1.592)              impairment losses

  Neto                                               19.689.791           22.667.518                                 Net
Efek-efek                                                                                            Marketable securities
  Pihak berelasi                                     10.299.554           12.943.046                    Related parties
  Pihak ketiga                                       70.882.293           31.556.942                      Third parties

                                                     81.181.847           44.499.988
  Ditambah:                                                                                                          Add:
     premi yang belum                                                                                     unamortised
     diamortisasi, keuntungan -                                                                 premiums, unrealised
     bersih yang belum                                                                       gains - net from increase
     direalisasi dari kenaikan                                                                        in fair value and
     nilai wajar dan cadangan                                                                            allowance for
     kerugian penurunan nilai                          535.460               203.526               impairment losses

      Neto                                           81.717.307           44.703.514                              Net
Obligasi pemerintah                                                                                    Government bonds
  Pihak berelasi                                 219.792.906             221.138.442                    Related parties

Tagihan lainnya - transaksi                                                                      Other receivables - trade
  perdagangan                                                                                              transactions
  Pihak berelasi                                      6.598.004            6.905.328                    Related parties
  Pihak ketiga                                       23.631.110           22.705.939                      Third parties
                                                     30.229.114           29.611.267
  Dikurangi: cadangan kerugian                                                                      Less: allowance for
    penurunan nilai                                  (1.371.533)          (1.376.265)              impairment losses
  Neto                                               28.857.581           28.235.002                                 Net
Tagihan atas efek-efek yang dibeli                                                             Securities purchased under
  dengan janji dijual kembali                                                                     agreements to resell
  Pihak berelasi                                         52.242                4.613                     Related parties
  Pihak ketiga                                        2.719.288            7.161.653                       Third parties

  Total                                               2.771.530            7.166.266                                Total



                                                          505
Page 1520
             PT BANK MANDIRI (PERSERO) Tbk                                  PT BANK MANDIRI (PERSERO) Tbk
                  DAN ENTITAS ANAKNYA                                            AND ITS SUBSIDIARIES
           CATATAN ATAS LAPORAN KEUANGAN                                      NOTES TO THE CONSOLIDATED
                 KONSOLIDASIAN (lanjutan)                                   FINANCIAL STATEMENTS (continued)
            Tanggal 31 Desember 2025 dan untuk                                 As of 31 December 2025 and
         Tahun yang Berakhir pada Tanggal Tersebut                               for the Year Then Ended
              (Disajikan dalam jutaan Rupiah,                                (Expressed in millions of Rupiah,
                   kecuali dinyatakan lain)                                      unless otherwise stated)


LAPORAN POSISI KEUANGAN - ENTITAS INDUK                           STATEMENT OF FINANCIAL POSITION - PARENT
(lanjutan)                                                        ENTITY (continued)

                                           31 Desember 2025/        31 Desember 2024/
                                           31 December 2025         31 December 2024

ASET (lanjutan)                                                                                      ASSETS (continued)

Tagihan derivatif                                                                                   Derivative receivables
  Pihak berelasi                                      3.029.980             2.948.995                   Related parties
  Pihak ketiga                                        4.213.869             4.767.505                      Third parties

  Total                                               7.243.849             7.716.500                             Total

Kredit yang diberikan                                                                                              Loans
  Pihak berelasi                                  387.762.912              272.166.019                  Related parties
  Pihak ketiga                                  1.109.345.752            1.038.613.383                    Third parties

                                                1.497.108.664            1.310.779.402
  Dikurangi: cadangan kerugian                                                                      Less: allowance for
    penurunan nilai                                  (36.284.414)          (38.257.611)            impairment losses

  Neto                                          1.460.824.250            1.272.521.791                             Net

Tagihan akseptasi                                                                                 Acceptance receivables
  Pihak berelasi                                      1.088.384             1.570.763                  Related parties
  Pihak ketiga                                        6.344.900             7.590.959                    Third parties

                                                      7.433.284             9.161.722
  Dikurangi: cadangan kerugian                                                                      Less: allowance for
    penurunan nilai                                      (19.083)              (29.488)            impairment losses

  Neto                                                7.414.201             9.132.234                              Net

Penyertaan saham                                                                                    Investments in shares
  Pihak berelasi                                     14.991.540            14.991.540                   Related parties
  Pihak ketiga                                           24.955                24.955                     Third parties

                                                     15.016.495            15.016.495
  Dikurangi: cadangan kerugian                                                                      Less: allowance for
    penurunan nilai                                      (12.930)              (12.627)            impairment losses

  Neto                                               15.003.565            15.003.868                              Net

Biaya dibayar dimuka                                  3.113.095             2.817.153                   Prepaid expenses

Pajak dibayar dimuka                                    215.658               239.701                       Prepaid taxes

Aset tetap                                           81.611.017            73.956.584                       Fixed assets
  Dikurangi: akumulasi                                                                              Less: accumulated
     penyusutan                                      (22.779.419)          (20.415.920)                depreciation

  Neto                                               58.831.598            53.540.664                              Net

Aset takberwujud                                     12.505.318            11.425.335                   Intangible assets
  Dikurangi: akumulasi                                                                              Less: accumulated
     amortisasi                                       (8.295.968)           (7.217.467)                amortisation

  Neto                                                4.209.350             4.207.868                              Net

Aset lain-lain                                       27.455.802            26.237.140                        Other assets
  Dikurangi: penyisihan                                                                        Less: allowance for other
     lainnya                                          (2.020.607)            (649.811)             impairment losses

  Neto                                               25.435.195            25.587.329                              Net

Aset pajak tangguhan - neto                           2.379.429             5.840.877            Deferred tax assets - net

TOTAL ASET                                      2.228.096.582            1.877.321.726                  TOTAL ASSETS



                                                           506
Page 1521
           PT BANK MANDIRI (PERSERO) Tbk                                 PT BANK MANDIRI (PERSERO) Tbk
                DAN ENTITAS ANAKNYA                                           AND ITS SUBSIDIARIES
         CATATAN ATAS LAPORAN KEUANGAN                                     NOTES TO THE CONSOLIDATED
               KONSOLIDASIAN (lanjutan)                                  FINANCIAL STATEMENTS (continued)
          Tanggal 31 Desember 2025 dan untuk                                As of 31 December 2025 and
       Tahun yang Berakhir pada Tanggal Tersebut                              for the Year Then Ended
            (Disajikan dalam jutaan Rupiah,                               (Expressed in millions of Rupiah,
                 kecuali dinyatakan lain)                                     unless otherwise stated)


LAPORAN POSISI KEUANGAN - ENTITAS INDUK                         STATEMENT OF FINANCIAL POSITION - PARENT
(lanjutan)                                                      ENTITY (continued)

                                         31 Desember 2025/       31 Desember 2024/
                                         31 December 2025        31 December 2024

LIABILITAS DAN EKUITAS                                                                      LIABILITIES AND EQUITY

LIABILITAS                                                                                                LIABILITIES

                                                                                                        Obligations due
Liabilitas segera                                   4.533.807            5.701.371                       immediately

Simpanan dari nasabah                                                                         Deposits from customers
  Giro                                                                                            Demand deposits
     Pihak berelasi                            194.433.610             151.347.001               Related parties
     Pihak ketiga                              445.418.706             399.686.678                  Third parties

     Total                                     639.852.316             551.033.679                           Total

  Tabungan                                                                                          Saving deposits
    Pihak berelasi                               5.064.520               6.306.784                 Related parties
    Pihak ketiga                               541.146.580             508.232.609                   Third parties

     Total                                     546.211.100             514.539.393                           Total
  Deposito berjangka                                                                                  Time deposits
    Pihak berelasi                             201.784.760              49.272.237                 Related parties
    Pihak ketiga                               286.830.968             212.042.545                   Third parties

     Total                                     488.615.728             261.314.782                           Total

  Total simpanan dari                                                                            Total deposits from
    nasabah                                   1.674.679.144           1.326.887.854                    customers

Simpanan dari bank lain                                                                      Deposits from other banks
  Giro dan                                                                                        Demand deposits
     tabungan                                                                                 and saving deposits
     Pihak berelasi                                   100.746            4.297.930                Related parties
     Pihak ketiga                                   5.935.423            4.686.177                   Third parties

     Total                                          6.036.169            8.984.107                           Total

  Interbank call money                                                                          Interbank call money
     Pihak berelasi                                   750.375            1.931.400                 Related parties
     Pihak ketiga                                   7.263.507            7.330.154                    Third parties

     Total                                          8.013.882            9.261.554                           Total

  Deposito berjangka                                                                                   Time deposits
    Pihak ketiga                                    4.333.527            6.962.430                    Third parties

  Total simpanan                                                                                 Total deposits from
    dari bank lain                                 18.383.578           25.208.091                    other banks

Liabilitas atas efek-efek yang                                                                     Securities sold under
   dijual dengan janji                                                                                   agreements
   dibeli kembali                                                                             to repurchase liabilities
   Pihak berelasi                                      20.212                    -                    Related parties
   Pihak ketiga                                    39.718.767           90.156.012                      Third parties

  Total                                            39.738.979           90.156.012                              Total




                                                        507
Page 1522
              PT BANK MANDIRI (PERSERO) Tbk                                 PT BANK MANDIRI (PERSERO) Tbk
                   DAN ENTITAS ANAKNYA                                           AND ITS SUBSIDIARIES
            CATATAN ATAS LAPORAN KEUANGAN                                     NOTES TO THE CONSOLIDATED
                  KONSOLIDASIAN (lanjutan)                                  FINANCIAL STATEMENTS (continued)
             Tanggal 31 Desember 2025 dan untuk                                As of 31 December 2025 and
          Tahun yang Berakhir pada Tanggal Tersebut                              for the Year Then Ended
               (Disajikan dalam jutaan Rupiah,                               (Expressed in millions of Rupiah,
                    kecuali dinyatakan lain)                                     unless otherwise stated)


LAPORAN POSISI KEUANGAN - ENTITAS INDUK                            STATEMENT OF FINANCIAL POSITION - PARENT
(lanjutan)                                                         ENTITY (continued)

                                            31 Desember 2025/       31 Desember 2024/
                                            31 December 2025        31 December 2024

LIABILITAS DAN EKUITAS (lanjutan)                                                         LIABILITIES AND EQUITY (continued)

LIABILITAS (lanjutan)                                                                                 LIABILITIES (continued)

Liabilitas derivatif                                                                                       Derivative payables
   Pihak berelasi                                     2.467.837             2.133.504                       Related parties
   Pihak ketiga                                       4.373.784             5.190.840                          Third parties

  Total                                                6.841.621            7.324.344                                  Total

Liabilitas akseptasi                                                                                     Acceptance payables
   Pihak berelasi                                      1.608.077            2.529.584                       Related parties
   Pihak ketiga                                        5.825.207            6.632.138                         Third parties

  Total                                                7.433.284            9.161.722                                  Total

Efek-efek yang diterbitkan                                                                              Debt securities issued
  Pihak berelasi                                       4.537.820            2.704.950                      Related parties
  Pihak ketiga                                        37.848.779           24.430.859                         Third parties

                                                      42.386.599           27.135.809
  Dikurangi: biaya penerbitan                                                                             Less: unamortised
    yang belum diamortisasi                              (91.470)              (65.122)                debt issuance cost

  Neto                                                42.295.129           27.070.687                                    Net

Estimasi kerugian atas                                                                                    Estimated losses on
  komitmen dan                                                                                            commitments and
  kontinjensi                                           869.601             1.089.963                         contingencies

Beban yang masih harus dibayar                         3.850.787            2.932.234                       Accrued expenses
Utang pajak                                            2.197.750            1.680.876                          Taxes payable

                                                                                                             Employee benefit
Liabilitas imbalan kerja                               5.097.259            4.154.831                             liabilities
Provisi                                                 109.665               264.275                                Provision

Liabilitas lain-lain                                  28.379.040           20.871.764                          Other liabilities
Pinjaman yang diterima                                                                                       Fund borrowings
  Pihak berelasi                                      956.763                 684.425                       Related parties
  Pihak ketiga                                    130.578.093              96.803.772                         Third parties

  Total                                           131.534.856              97.488.197                                  Total

Pinjaman dan efek-efek                                                                                 Subordinated loans and
  subordinasi                                                                                          marketable securities
  Pihak ketiga                                          190.112               204.015                          Third parties

                                                        190.112               204.015
  Dikurangi: biaya penerbitan                                                                            Less: unamortised
    yang belum diamortisasi                                 (334)                 (453)                    issuance cost

  Neto                                                  189.778               203.562                                    Net

TOTAL LIABILITAS                                 1.966.134.278           1.620.195.783                   TOTAL LIABILITIES




                                                           508
Page 1523
           PT BANK MANDIRI (PERSERO) Tbk                                  PT BANK MANDIRI (PERSERO) Tbk
                DAN ENTITAS ANAKNYA                                            AND ITS SUBSIDIARIES
         CATATAN ATAS LAPORAN KEUANGAN                                      NOTES TO THE CONSOLIDATED
               KONSOLIDASIAN (lanjutan)                                   FINANCIAL STATEMENTS (continued)
          Tanggal 31 Desember 2025 dan untuk                                 As of 31 December 2025 and
       Tahun yang Berakhir pada Tanggal Tersebut                               for the Year Then Ended
            (Disajikan dalam jutaan Rupiah,                                (Expressed in millions of Rupiah,
                 kecuali dinyatakan lain)                                      unless otherwise stated)


LAPORAN POSISI KEUANGAN - ENTITAS INDUK                          STATEMENT OF FINANCIAL POSITION - PARENT
(lanjutan)                                                       ENTITY (continued)

                                          31 Desember 2025/       31 Desember 2024/
                                          31 December 2025        31 December 2024

LIABILITAS DAN EKUITAS (lanjutan)                                                      LIABILITIES AND EQUITY (continued)

EKUITAS                                                                                                               EQUITY

Ekuitas yang dapat diatribusikan                                                                        Attributable equity to
  kepada pemilik Entitas Induk                                                                            the Parent Entity
Modal saham - nilai nominal                                                                                    Share capital -
  Rp125 (nilai penuh)                                                                                 Rp125 (full amount)
  per lembar saham masing-masing                                                                       par value per share
  pada tanggal 31 Desember 2025                                                                  as of 31 December 2025
  dan 2024                                                                                                       and 2024
  Modal dasar - 1 lembar saham                                                            Authorised capital - 1 Dwiwarna
     Seri A Dwiwarna dan                                                                            Series A share and
     127.999.999.999 lembar                                                                  127,999,999,999 Series B
     saham biasa Seri B pada tanggal                                                   common share as of 31 December
     31 Desember 2025 dan 2024                                                                          2025 and 2024
  Modal ditempatkan dan disetor -                                                         Issued and fully paid-in capital -
     1 lembar saham                                                                               1 Dwiwarna Series A
     Seri A Dwiwarna dan                                                                     share and 93,333,333,331
     93.333.333.331 lembar                                                                    Series B common shares
     saham biasa Seri B pada tanggal                                                          as of 31 December 2025
     31 Desember 2025 dan 2024                     11.666.667            11.666.667                            and 2024

Tambahan modal disetor/                                                                              Additional paid-in capital/
  agio saham                                       19.661.550            19.661.550                                     agio

Saham treasuri                                       (403.625)                    -                           Treasury shares
Selisih kurs karena                                                                                    Differences arising from
  penjabaran laporan                                                                                            translation of
  keuangan dalam                                                                                     financial statements in
  mata uang asing                                    (240.333)             (330.666)                       foreign currencies

Keuntungan/(kerugian) neto yang belum
  direalisasi dari kenaikan/(penurunan)                                                         Net unrealised gain/(loss) from
  nilai wajar aset keuangan                                                                 increase/(decrease) in fair value
  dalam kelompok nilai wajar                                                                    of financial assets classified
  melalui penghasilan                                                                             as fair value through other
  komprehensif lain setelah                                                                           comprehensive income
  dikurangi pajak tangguhan                          866.895             (2.134.527)                     - net of deferred tax

Selisih bersih revaluasi                                                                               Net differences in fixed
  aset tetap                                       38.160.893            34.487.954                      assets revaluation

Keuntungan neto aktuarial                                                                              Net actuarial gain from
  program imbalan pasti                                                                                    defined benefits
  setelah dikurangi                                                                                        program - net of
  pajak tangguhan                                   1.284.061             1.513.798                            deferred tax

Penghasilan komprehensif                                                                                Other comprehensive
  lainnya                                             85.052                 85.052                               income

Saldo laba (saldo rugi sebesar                                                               Retained earnings (accumulated
  Rp162.874.901 telah                                                                            losses of Rp162,874,901
  dieliminasi dengan tambahan                                                                      were eliminated against
  modal disetor/agio saham                                                                        additional paid-in capital/
  pada saat kuasi -                                                                               agio as a result of quasi-
  reorganisasi pada                                                                                          reorganisation
  tanggal 30 April 2003)                                                                                  on 30 April 2003)
     Sudah ditentukan penggunaannya               5.380.268               5.380.268                        Appropriated
     Belum ditentukan penggunaannya             185.500.876             186.795.847                      Unappropriated

  Total saldo laba                              190.881.144             192.176.115                Total retained earnings

TOTAL EKUITAS                                   261.962.304             257.125.943                           TOTAL EQUITY

TOTAL LIABILITAS DAN                                                                               TOTAL LIABILITIES AND
  EKUITAS                                     2.228.096.582           1.877.321.726                            EQUITY




                                                        509
Page 1524
           PT BANK MANDIRI (PERSERO) Tbk                              PT BANK MANDIRI (PERSERO) Tbk
                DAN ENTITAS ANAKNYA                                        AND ITS SUBSIDIARIES
         CATATAN ATAS LAPORAN KEUANGAN                                  NOTES TO THE CONSOLIDATED
               KONSOLIDASIAN (lanjutan)                               FINANCIAL STATEMENTS (continued)
          Tanggal 31 Desember 2025 dan untuk                             As of 31 December 2025 and
       Tahun yang Berakhir pada Tanggal Tersebut                           for the Year Then Ended
            (Disajikan dalam jutaan Rupiah,                            (Expressed in millions of Rupiah,
                 kecuali dinyatakan lain)                                  unless otherwise stated)


LAPORAN  LABA      RUGI   DAN    PENGHASILAN                    STATEMENT OF PROFIT OR LOSS AND OTHER
KOMPREHENSIF LAIN - ENTITAS INDUK                               COMPREHENSIVE INCOME - PARENT ENTITY

                                                 Tahun yang berakhir
                                              pada tanggal 31 Desember/
                                              Years ended 31 December

                                               2025                  2024
PENDAPATAN DAN BEBAN                                                                        INCOME AND EXPENSE
  OPERASIONAL                                                                                FROM OPERATIONS

Pendapatan bunga                               122.269.711           112.305.488                     Interest income
Beban bunga                                    (43.968.958)          (36.475.504)                   Interest expense
PENDAPATAN BUNGA -                                                                                   NET INTEREST
  NETO                                             78.300.753         75.829.984                        INCOME

Pendapatan operasional lainnya                                                                Other operating income
  Provisi dan komisi                               20.753.457         17.586.474           Fees and commissions
  Pendapatan dari kelompok                                                                  Income from fair value
    nilai wajar melalui                                                                    through profit or loss
    laba rugi - neto                                5.533.687          3.732.208              classification - net
  Lain-lain                                        10.192.241         10.242.743                             Others
Total pendapatan                                                                                Total other operating
  operasional lainnya                              36.479.385         31.561.425                           income
Pembentukan cadangan kerugian                                                               Allowance for impairment
  penurunan nilai                                  (4.684.835)        (7.159.896)                           losses
Pembalikan penyisihan                                                                       Reversal of allowance for
  estimasi kerugian                                                                           estimated losses on
  atas komitmen dan                                                                             commitments and
  kontinjensi                                        261.452                25.381                  contingencies
                                                                                                  Allowance for other
Pembentukan penyisihan                                                                          impairment losses
  lainnya dan kerugian                                                                             and operational
  risiko operasional - neto                        (1.279.178)          (136.855)                 risk losses - net
Keuntungan dari penjualan                                                                          Gain on sale of
  efek-efek dari obligasi                                                              marketable securities and
  pemerintah                                         210.974                 1.041           government bonds
Beban operasional lainnya                                                                 Other operating expenses
                                                                                           Salaries and employee
  Beban gaji dan tunjangan                     (17.503.548)          (14.684.386)            benefits expenses
  Beban umum dan                                                                                      General and
    administrasi                               (19.723.043)          (16.868.310)       administrative expenses
  Lain-lain                                     (8.721.538)           (5.884.851)                          Others

Total beban operasional                                                                         Total other operating
  lainnya                                      (45.948.129)          (37.437.547)                        expenses

                                                                                                    INCOME FROM
LABA OPERASIONAL                                   63.340.422         62.683.533                    OPERATION

Pendapatan bukan                                                                                       Non operating
  operasional - neto                                 124.559            342.689                       income - net

LABA SEBELUM BEBAN                                                                                INCOME BEFORE
  PAJAK                                            63.464.981         63.026.222                   TAX EXPENSE

Beban pajak                                                                                             Tax expense
  Kini                                             (9.045.956)        (9.742.944)                         Current
  Tangguhan                                        (2.879.299)        (2.147.315)                        Deferred

Total beban pajak - neto                       (11.925.255)          (11.890.259)             Total tax expense - net

LABA TAHUN                                                                                           NET INCOME
  BERJALAN                                         51.539.726         51.135.963                 FOR THE YEAR


                                                       510
Page 1525
           PT BANK MANDIRI (PERSERO) Tbk                              PT BANK MANDIRI (PERSERO) Tbk
                DAN ENTITAS ANAKNYA                                        AND ITS SUBSIDIARIES
         CATATAN ATAS LAPORAN KEUANGAN                                  NOTES TO THE CONSOLIDATED
               KONSOLIDASIAN (lanjutan)                               FINANCIAL STATEMENTS (continued)
          Tanggal 31 Desember 2025 dan untuk                             As of 31 December 2025 and
       Tahun yang Berakhir pada Tanggal Tersebut                           for the Year Then Ended
            (Disajikan dalam jutaan Rupiah,                            (Expressed in millions of Rupiah,
                 kecuali dinyatakan lain)                                  unless otherwise stated)


LAPORAN  LABA      RUGI   DAN    PENGHASILAN                    STATEMENT OF PROFIT OR LOSS AND OTHER
KOMPREHENSIF LAIN - ENTITAS INDUK (lanjutan)                    COMPREHENSIVE INCOME - PARENT ENTITY
                                                                (continued)


                                                 Tahun yang berakhir
                                              pada tanggal 31 Desember/
                                              Years ended 31 December

                                               2025                  2024
PENGHASILAN KOMPREHENSIF                                                                 OTHER COMPREHENSIVE
  LAIN                                                                                              INCOME

Pos-pos yang tidak akan                                                                        Items that will not be
  direklasifikasi                                                                                    reclassified to
  ke laba rugi                                                                                         profit or loss
  Keuntungan revaluasi                                                                          Gain on fixed assets
     aset tetap                                     3.672.939                    -                     revaluation
  Keuntungan aktuarial                                                                            Actuarial gain from
     program imbalan pasti                           (283.626)               2.134     defined benefits program
  Pajak penghasilan                                                                            Income tax related to
     terkait pos-pos yang tidak                                                             items that will not be
     akan direklasifikasi                                                                           reclassified to
     ke laba rugi                                     53.889                 (406)                    profit or loss

                                                    3.443.202                1.728
Pos-pos yang akan                                                                                    Items that will be
  direklasifikasi                                                                                     reclassified to
  ke laba rugi                                                                                         profit or loss
  Penyesuaian akibat                                                                        Difference arising from
     penjabaran laporan                                                                   translation of financial
     keuangan dalam                                                                        statements in foreign
     mata uang asing                                  90.333            103.771                         currencies
  Perubahan nilai wajar aset                                                               Changes in fair value of
     keuangan dalam                                                                               financial assets
     kelompok nilai wajar                                                                 classified as fair value
     melalui penghasilan                                                                             through other
     komprehensif lain                              3.637.460           (321.597)        comprehensive income
  Pajak penghasilan terkait                                                                   Income tax related to
     pos-pos yang akan                                                                          items that will be
     direklasifikasi                                                                                reclassified to
     ke laba rugi                                    (636.038)          113.898                       profit or loss

                                                    3.091.755           (103.928)

Penghasilan komprehensif lain                                                                 Other comprehensive
  tahun berjalan -                                                                            income for the year
  setelah pajak penghasilan                         6.534.957           (102.200)              - net of income tax

TOTAL PENGHASILAN                                                                        TOTAL COMPREHENSIVE
  KOMPREHENSIF                                                                                       INCOME
  TAHUN BERJALAN                                   58.074.683         51.033.763               FOR THE YEAR


LABA PER SAHAM                                                                             EARNINGS PER SHARE
  Dasar dan dilusian (dalam                                                                 Basic and diluted (full
    Rupiah penuh)                                     552,29                547,89          amount of Rupiah)




                                                       511
Page 1526
                                    PT BANK MANDIRI (PERSERO) Tbk                                                                                                                                                     PT BANK MANDIRI (PERSERO) Tbk
                                         DAN ENTITAS ANAKNYA                                                                                                                                                                AND ITS SUBSIDIARIES
                                  CATATAN ATAS LAPORAN KEUANGAN                                                                                                                                                         NOTES TO THE CONSOLIDATED
                                        KONSOLIDASIAN (lanjutan)                                                                                                                                                      FINANCIAL STATEMENTS (continued)
                                   Tanggal 31 Desember 2025 dan untuk                                                                                                                                                   As of 31 December 2025 and for
                                Tahun yang Berakhir pada Tanggal Tersebut                                                                                                                                                    the Year Then Ended
                                     (Disajikan dalam jutaan Rupiah,                                                                                                                                                   (Expressed in millions of Rupiah,
                                          kecuali dinyatakan lain)                                                                                                                                                         unless otherwise stated)


LAPORAN PERUBAHAN EKUITAS - ENTITAS INDUK                                                                                                                                 STATEMENT OF CHANGES IN EQUITY - PARENT ENTITY


                                                                                                                                                                        31 Desember 2025/31 December 2025


                                                                                                                               Keuntungan/
                                                                                                                                  (kerugian)
                                                                                                                                     neto
                                                                                                                                yang belum
                                                                                                                                  direalisasi
                                                                                                                               dari kenaikan/
                                                                                                                                (penurunan)
                                                                                                                                  nilai wajar
                                                                                                                              aset keuangan
                                                                                                                             dalam kelompok
                                                                                                                                  nilai wajar
                                                                                                                                    melalui
                                                                                                                                penghasilan                                 Keuntungan
                                                                                                                               komprehensif                                      neto
                                                                                                       Selisih kurs              lain setelah                                  aktuarial
                                                                                                            karena                dikurangi                                    program
                                                                             Modal saham                penjabaran                   pajak                                     imbalan
                                                                            yang diperoleh                 laporan               tangguhan/                                      pasti                                       Saldo laba/Retained earnings
                                                                               dan dimiliki              keuangan             Net unrealised                                    setelah
                                                                            kembali (saham             dalam mata            gain/(loss) from             Selisih             dikurangi
                                       Modal             Tambahan           treasuri)/ Share           uang asing/       increase/ (decrease) in           bersih                pajak           Penghasilan
                                   ditempatkan         modal disetor/       capital acquired        Difference arising    fair value of financial        revaluasi           tangguhan/         komprehensif
                                   dan disetor/         agio saham/                and             from translation of    assets through other          aset tetap/      Net actuarial gain        lainnya/            Sudah             Belum
                                    Issued and           Additional           repossessed                 financial          comprehensive          Net difference in      from defined             Other            ditentukan        ditentukan                             Total
                                   fully paid-in          paid-in               (treasury             statements in           income - net of         fixed assets       benefits program -    comprehensive       penggunaannya/    penggunaannya/                          ekuitas/
                                      capital           capital/agio             shares)           foreign currencies           deferred tax           revaluation       net of deferred tax       income           Appropriated     Unappropriated            Total       Total equity



Saldo pada tanggal                                                                                                                                                                                                                                                                                     Balance as of
   1 Januari 2025                    11.666.667          19.661.550                        -               (330.666)               (2.134.527)          34.487.954              1.513.798             85.052            5.380.268      186.795.847          192.176.115    257.125.943             1 January 2025

Pembagian laba:                                                                                                                                                                                                                                                                                   Distribution of income:
  Dividen atas laba bersih                                                                                                                                                                                                                                                                  Dividend on net income
     tahun 2024                                    -                    -                      -                     -                         -                    -                     -                    -                -      (43.510.539)         (43.510.539)   (43.510.539)          for the year 2024

   Dividen interim atas laba                                                                                                                                                                                                                                                                Interim dividend on net
      bersih tahun 2025                            -                    -                      -                     -                         -                    -                     -                    -                -       (9.324.158)          (9.324.158)    (9.324.158) income for the year 2025

Pembelian saham treasuri                           -                    -         (403.625)                          -                          -                   -                     -                    -                -                  -                   -      (403.625)                Treasury shares

Laba periode berjalan                              -                    -                  -                         -                          -                   -                     -                    -                -       51.539.726           51.539.726     51.539.726        Net income for the period

Penghasilan komprehensif lain                                                                                                                                                                                                                                                             Other comprehensive income
  tahun berjalan                                   -                    -                  -                  90.333                 3.001.422           3.672.939               (229.737)                     -                -                  -                   -      6.534.957                for the year

Saldo pada tanggal                                                                                                                                                                                                                                                                                     Balance as of
   31 Desember 2025                  11.666.667          19.661.550               (403.625)                (240.333)                   866.895          38.160.893              1.284.061              85.052           5.380.268      185.500.876          190.881.144    261.962.304          31 December 2025




                                                                                                                                                              512
Page 1527
                                       PT BANK MANDIRI (PERSERO) Tbk                                                                                                                                                   PT BANK MANDIRI (PERSERO) Tbk
                                            DAN ENTITAS ANAKNYA                                                                                                                                                              AND ITS SUBSIDIARIES
                                     CATATAN ATAS LAPORAN KEUANGAN                                                                                                                                                       NOTES TO THE CONSOLIDATED
                                           KONSOLIDASIAN (lanjutan)                                                                                                                                                    FINANCIAL STATEMENTS (continued)
                                      Tanggal 31 Desember 2025 dan untuk                                                                                                                                                 As of 31 December 2025 and for
                                   Tahun yang Berakhir pada Tanggal Tersebut                                                                                                                                                  the Year Then Ended
                                        (Disajikan dalam jutaan Rupiah,                                                                                                                                                 (Expressed in millions of Rupiah,
                                             kecuali dinyatakan lain)                                                                                                                                                       unless otherwise stated)


LAPORAN PERUBAHAN EKUITAS - ENTITAS INDUK (lanjutan)                                                                                                                       STATEMENT OF CHANGES IN EQUITY - PARENT ENTITY (continued)
                                                                                                                                           31 Desember 2024/31 December 2024
                                                                                                           Keuntungan/
                                                                                                             (kerugian)
                                                                                                                 neto
                                                                                                           yang belum
                                                                                                             direalisasi
                                                                                                          dari kenaikan/
                                                                                                           (penurunan)
                                                                                                             nilai wajar
                                                                                                         aset keuangan
                                                                                                        dalam kelompok
                                                                                                             nilai wajar
                                                                                                               melalui
                                                                                                           penghasilan
                                                                                                          komprehensif
                                                                                                            lain setelah                                Keuntungan
                                                                                                              dikurangi                                      neto
                                                                                       Selisih kurs             pajak                                      aktuarial
                                                                                          karena            tangguhan/                                     program
                                                                                       penjabaran         Net unrealised                                   imbalan
                                                                                         laporan         gain/(loss) from                                    pasti                                         Saldo laba/Retained earnings
                                                                                        keuangan              increase/                                     setelah
                                                                                       dalam mata       (decrease) in fair             Selisih            dikurangi
                                              Modal             Tambahan               uang asing/      value of financial              bersih               pajak           Penghasilan
                                          ditempatkan         modal disetor/       Difference arising    assets through               revaluasi          tangguhan/         komprehensif
                                          dan disetor/         agio saham/          from translation            other                aset tetap/     Net actuarial gain        lainnya/            Sudah                Belum
                                           Issued and           Additional             of financial      comprehensive           Net difference in     from defined             Other            ditentukan           ditentukan                            Total
                                          fully paid-in          paid-in              statements in      income - net of           fixed assets      benefits program -    comprehensive       penggunaannya/       penggunaannya/                         ekuitas/
                                             capital           capital/agio        foreign currencies      deferred tax             revaluation      net of deferred tax       income           Appropriated        Unappropriated          Total        Total equity
Saldo pada tanggal                                                                                                                                                                                                                                                                             Balance as of
   1 Januari 2024                            11.666.667           18.941.550               (434.437)          (1.926.827)            34.487.954             1.512.069             85.052            5.380.268          168.695.914        174.076.182     238.408.210                      1 January 2024

Pembayaran dividen dari laba                                                                                                                                                                                                                                                            Dividend payment from
  bersih tahun 2023                                       -                    -                    -                        -                   -                     -                   -                    -      (33.036.034)       (33.036.034)    (33.036.034)                     2023 net income

Laba tahun berjalan                                       -                    -                    -                        -                   -                     -                   -                    -       51.135.963         51.135.963      51.135.963                  Net income for the year

Dampak pengalihan pengendalian                                                                                                                                                                                                                                                         Impact of control transfer
  atas Entitas Anak kepada                                                                                                                                                                                                                                                               of a Subsidiary to a
  entitas sepengendali                                    -           720.000                       -                        -                   -                     -                   -                    -                    -              -          720.000         entity under common control

Transfer pendapatan komprehensif lain                                                                                                                                                                                                                                             Transfer of other comprehensive
   ke saldo laba karena penghentian                                                                                                                                                                                                                                         income to retained earnings due to
   aset keuangan yang diukur                                                                                                                                                                                                                                                   derecognition of financial assets
   pada nilai wajar melalui penghasilan                                                                                                                                                                                                                                         measured at fair value through
   komprehensif lain                                      -                    -                    -                        -                   -                     -                   -                    -                 4                 4                   4         other comprehensive income
Penghasilan komprehensif lain                                                                                                                                                                                                                                                     Other comprehensive income
   tahun berjalan                                         -                    -           103.771              (207.700)                        -               1.729                     -                    -                    -              -         (102.200)                           for the year
Saldo pada tanggal                                                                                                                                                                                                                                                                             Balance as of
   31 Desember 2024                          11.666.667           19.661.550               (330.666)          (2.134.527)            34.487.954             1.513.798             85.052            5.380.268          186.795.847        192.176.115     257.125.943                   31 December 2024




                                                                                                                                                                513
Page 1528
           PT BANK MANDIRI (PERSERO) Tbk                                 PT BANK MANDIRI (PERSERO) Tbk
                DAN ENTITAS ANAKNYA                                            AND ITS SUBSIDIARIES
         CATATAN ATAS LAPORAN KEUANGAN                                     NOTES TO THE CONSOLIDATED
               KONSOLIDASIAN (lanjutan)                                  FINANCIAL STATEMENTS (continued)
          Tanggal 31 Desember 2025 dan untuk                               As of 31 December 2025 and for
       Tahun yang Berakhir pada Tanggal Tersebut                                the Year Then Ended
            (Disajikan dalam jutaan Rupiah,                               (Expressed in millions of Rupiah,
                 kecuali dinyatakan lain)                                     unless otherwise stated)


LAPORAN ARUS KAS - ENTITAS INDUK                                 STATEMENT OF CASH FLOWS - PARENT ENTITY


                                                 Tahun yang berakhir
                                              pada tanggal 31 Desember/
                                              Years ended 31 December

                                               2025                    2024
ARUS KAS DARI                                                                                     CASH FLOWS FROM
  AKTIVITAS                                                                                           OPERATING
  OPERASIONAL                                                                                          ACTIVITIES

Penerimaan pendapatan                                                                             Receipts from interest
  bunga                                        118.395.528             108.978.724                            income
Penerimaan pendapatan                                                                            Receipts from provision
  provisi dan komisi                               20.753.457           17.586.474                  and commission
Pembayaran beban                                                                                   Payments of interest
  bunga                                         (41.633.487)            (36.026.129)                         expense
Penerimaan dari
  penjualan obligasi                                                                               Receipts from the sale
  pemerintah - diukur                                                                          of government bonds -
  pada nilai wajar                                                                             measured at fair value
  melalui laba rugi                            459.317.906             489.210.971               through profit or loss
Pembelian obligasi                                                                                          Acquisition of
  pemerintah - diukur                                                                              government bonds -
  pada nilai wajar                                                                             measured at fair value
  melalui laba rugi                            (469.251.598)           (492.395.378)             through profit or loss
Pendapatan/(beban) dari                                                                           Income/(expense) from
  kelompok nilai wajar                                                                        fair value through profit
  melalui laba rugi - neto                          7.762.266             3.988.278         or loss classification - net
Pendapatan operasional                                                                                    Other operating
  lainnya - lain-lain                               2.907.318             3.457.309                    income - others
Beban operasional                                                                                         Other operating
  lainnya - lain-lain                              (8.414.695)           (7.363.540)                 expenses - others
                                                                                                  Salaries and employee
Beban gaji dan tunjangan                        (16.844.746)            (18.944.829)                benefits expenses
Beban umum dan                                                                               General and administrative
  administrasi                                  (16.001.034)            (12.474.720)                          expenses
Pendapatan bukan                                                                                           Non-operating
  operasional - neto                                 124.131               341.471                        income - net
Pembayaran pajak                                                                                    Payment of corporate
  penghasilan badan                                (8.464.145)           (9.769.799)                        income tax

Arus kas dari aktivitas                                                                       Cash flows from operating
  operasional sebelum                                                                                 activities before
  perubahan aset dan                                                                            changes in operating
  liabilitas operasional                           48.650.901           46.588.832               assets and liabilities

(Kenaikan)/penurunan atas                                                                          (Increase)/decrease in
  aset operasional:                                                                                   operating assets:
  Penempatan pada                                                                                      Placements with
    Bank Indonesia                                                                                   Bank Indonesia
    dan bank lain                                  (1.103.769)             (942.774)                 and other banks
  Efek-efek - diukur pada                                                                        Marketable securities
    nilai wajar melalui                                                                           - measured at fair
    laba rugi                                   (23.382.968)             (2.590.292)     value through profit or loss
  Tagihan lainnya - transaksi                                                                         Other receivables
    perdagangan                                    (617.847)             (3.839.639)            - trade transactions
  Kredit yang diberikan                        (192.732.039)           (236.089.058)                              Loans
  Tagihan atas efek-efek                                                                         Securities purchased
    yang dibeli dengan                                                                           under agreements
    janji dijual kembali                            4.394.736             9.039.314                          to resell




                                                        514
Page 1529
           PT BANK MANDIRI (PERSERO) Tbk                                 PT BANK MANDIRI (PERSERO) Tbk
                DAN ENTITAS ANAKNYA                                            AND ITS SUBSIDIARIES
         CATATAN ATAS LAPORAN KEUANGAN                                     NOTES TO THE CONSOLIDATED
               KONSOLIDASIAN (lanjutan)                                  FINANCIAL STATEMENTS (continued)
          Tanggal 31 Desember 2025 dan untuk                               As of 31 December 2025 and for
       Tahun yang Berakhir pada Tanggal Tersebut                                the Year Then Ended
            (Disajikan dalam jutaan Rupiah,                               (Expressed in millions of Rupiah,
                 kecuali dinyatakan lain)                                     unless otherwise stated)


LAPORAN ARUS KAS - ENTITAS INDUK (lanjutan)                       STATEMENT OF CASH FLOWS - PARENT ENTITY
                                                                  (continued)


                                                 Tahun yang berakhir
                                              pada tanggal 31 Desember/
                                              Years ended 31 December

                                               2025                    2024
ARUS KAS DARI                                                                                    CASH FLOWS FROM
  AKTIVITAS                                                                                            OPERATING
  OPERASIONAL (lanjutan)                                                                      ACTIVITIES (continued)

(Kenaikan)/penurunan atas                                                                         Increase (decrease) in
  aset operasional: (lanjutan)                                                           operating assets: (continued)
  Pajak dibayar dimuka                                 24.043                    56                     Prepaid taxes
  Biaya dibayar dimuka                               (295.942)           (1.393.054)                Prepaid expenses
  Aset lain-lain                                     (246.417)            2.846.237                      Other assets
Penerimaan atas aset
  keuangan yang telah                                                                              Recovery of written-off
  dihapusbukukan                                    7.284.923            6.785.434                    financial assets

Kenaikan/(penurunan)                                                                                Increase/(decrease) in
  atas liabilitas operasional:                                                                       operating liabilities:
  Bank konvensional                                                                               Conventional banking
     Giro                                       85.817.050              20.798.149                  Demand deposits
     Tabungan                                   31.725.356              60.896.869                    Saving deposits
     Deposito berjangka                        224.672.043               9.637.281                     Time deposits
     Interbank call money                       (1.247.672)              2.294.658              Interbank call money
     Liabilitas segera                          (1.167.564)              1.218.426      Obligations due immediately
     Utang pajak lainnya                           (64.937)                 65.552               Other taxes payable
     Liabilitas lain-lain                          483.562                 627.331                     Other liabilities

Kas neto yang (digunakan untuk)/                                                            Net cash (used in)/provided
  diperoleh dari aktivitas operasional         182.193.459              (84.056.678)          by operating activities


ARUS KAS DARI                                                                              CASH FLOWS FROM
  AKTIVITAS INVESTASI                                                                         INVESTING ACTIVITIES
Penurunan                                                                                                         Decrease
  efek-efek -                                                                                              in marketable
  selain diukur                                                                                        securities - other
  pada nilai wajar                                                                          than measured at fair value
  melalui laba rugi                            (13.641.222)                798.445                 through profit or loss
Penurunan                                                                                                       Decrease in
  obligasi pemerintah - selain                                                                      government bonds -
  diukur pada nilai wajar                                                                       other than measured at
  melalui laba rugi                                15.163.773           20.919.392      fair value through profit or loss
Penerimaan dari penjualan                                                                            Proceeds from sale of
  aset tetap                                            8.875                 1.220                          fixed assets
Pembelian aset tetap                               (3.217.347)           (3.085.623)            Acquisition of fixed assets
Pembelian aset                                                                                                 Acquisition of
  tidak berwujud                                   (1.090.276)           (1.111.005)                   intangible assets
Penerimaan dari divestasi penyertaan                                                       Proceeds from control transfer
  pada Entitas Asosiasi                                       -            (20.000)                      of a Subsidiary
Penerimaan dari pengalihan pengendalian                                                    Proceeds from control transfer
  atas Entitas Anak                                           -          1.710.000                       of a Subsidiary

Kas neto yang diperoleh dari/                                                                    Net cash provided by/
  (digunakan untuk) aktivitas investasi            (2.776.197)          19.212.429      (used in) investing activities




                                                        515
Page 1530
           PT BANK MANDIRI (PERSERO) Tbk                                  PT BANK MANDIRI (PERSERO) Tbk
               DAN ENTITAS ANAKNYA                                              AND ITS SUBSIDIARIES
         CATATAN ATAS LAPORAN KEUANGAN                                      NOTES TO THE CONSOLIDATED
               KONSOLIDASIAN(lanjutan)                                    FINANCIAL STATEMENTS (continued)
          Tanggal 31 Desember 2025 dan untuk                                As of 31 December 2025 and for
       Tahun yang Berakhir pada Tanggal Tersebut                                 the Year Then Ended
            (Disajikan dalam jutaan Rupiah,                                (Expressed in millions of Rupiah,
                kecuali dinyatakan lain)                                       unless otherwise stated)


LAPORAN ARUS KAS - ENTITAS INDUK (lanjutan)                        STATEMENT OF CASH FLOWS - PARENT ENTITY
                                                                   (continued)

                                                 Tahun yang berakhir
                                              pada tanggal 31 Desember/
                                              Years ended 31 December

                                               2025                     2024
ARUS KAS DARI                                                                                          CASH FLOWS FROM
  AKTIVITAS                                                                                                   FINANCING
  PENDANAAN                                                                                                    ACTIVITIES
Penerimaan dari efek-efek                                                                                  Receipts from debt
  yang diterbitkan                                 23.166.392                        -                     securities issued
Pembayaran atas efek-efek                                                                                   Payments of debt
  yang diterbitkan                                  (8.649.473)          (15.194.442)                      securities issued
Penerimaan dari pinjaman                                                                                   Receipts from fund
  yang diterima                                120.610.330               50.274.160                             borrowings
Pembayaran atas pinjaman                                                                                    Payments of fund
  yang diterima                                    (90.099.461)          (12.149.069)                           borrowings
Pembayaran atas                                                                                                   Payments of
  pinjaman dan                                                                                          subordinated loans
  efek-efek subordinasi                               (17.338)                 (16.887)           securitie and marketable
(Penurunan)/kenaikan liabilitas                                                                        (Decrease)/increase in
  atas efek-efek yang dijual                                                                  securities sold repurchase
  dengan janji dibeli kembali                      (52.470.369)           53.507.692      liabilities under agreements to
Pembayaran liabilitas sewa                          (1.233.430)           (1.361.324)          Payments for lease liabilities
Pembayaran dividen                                 (43.510.539)          (33.036.034)                  Payments of dividends
Pembelian saham treasuri                              (403.625)                     -           Purchase of treasury shares
Penambahan kepemilikan pada                                                                             Acquisition of interest
     Entitas Anak dari kepentingan                                                                       in Subsidiary from
     nonpengendali                                             -          (1.019.000)               non-controlling interest
Kas neto yang (digunakan untuk)/                                                          Net cash (used in)/ provided by
  diperoleh dari aktivitas pendanaan               (52.607.513)          41.005.096             for financing activities
KENAIKAN/(PENURUNAN) NETO                                                                  NET INCREASE/(DECREASE)
  KAS DAN                                                                                             IN CASH AND
  SETARA KAS                                   126.809.749               (23.839.153)           CASH EQUIVALENTS
DAMPAK PERUBAHAN                                                                               EFFECTS OF EXCHANGE
  SELISIH KURS                                                                                   RATE CHANGES ON
  TERHADAP                                                                                              CASH AND
  KAS DAN SETARA KAS                                2.896.827             3.604.659             CASH EQUIVALENTS
                                                                                                     CASH AND CASH
KAS DAN SETARA KAS PADA                                                                        EQUIVALENTS AT THE
  AWAL TAHUN                                   176.599.107              196.833.601             BEGINNING OF YEAR
                                                                                                     CASH AND CASH
KAS DAN SETARA KAS PADA                                                                        EQUIVALENTS AT THE
  AKHIR TAHUN                                  306.305.683              176.599.107                   END OF YEAR

Kas dan setara kas                                                                              Cash and cash equivalents
   pada akhir tahun                                                                                   at the end of year
   terdiri dari:                                                                                             consists of:
Kas                                                24.868.663            23.325.843                                    Cash
Giro pada                                                                                            Current accounts with
   Bank Indonesia                              207.566.182               88.185.407                     Bank Indonesia
Giro pada                                                                                            Current accounts with
   bank lain                                       58.172.265            45.307.695                          other banks
Investasi jangka pendek                                                                                   Liquid short-term
   likuid dengan                                                                                       investments with
   jangka waktu jatuh                                                                                   a period of time
   tempo tiga bulan                                                                                     maturity of three
   atau kurang sejak                                                                                months or less from
   tanggal perolehan                               15.698.573            19.780.162               the date of acquisition
Total kas dan                                                                                              Total cash and
  setara kas                                   306.305.683              176.599.107                    cash equivalents


                                                         516
Page 1531
2025         Laporan Tahunan
             Annual Report




Alamat Kantor Pusat
Head Office Address
Jl. Proklamasi No.31
Kecamatan Menteng, Kota Jakarta Pusat,
Daerah Khusus Ibukota Jakarta 10320
Indonesia

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Names mentioned 195 people and organisations named in the text · linked when the evidence is strong

linked org Bank Mandiri p.1 ×738
linked org PT Pos Indonesia (Persero) p.14 ×3
linked org BNI Sekuritas p.15 ×2
linked org BCA Sekuritas p.15 ×2
linked person Menteng, Jakarta Pusat. p.15 ×3
linked org Kimia Farma p.17 ×2
linked org Bank Permata p.37
linked org PT Asuransi Jiwa IFG p.39 ×3
linked org Dana Pensiun p.55 ×3
linked person Widi Nugroho · Director p.61 ×12
linked person Putu Apriyanto · Direktur p.61 ×13
linked person Resi Lora · Director p.61 ×12
linked person Elmamber Petamu Sinaga p.61 ×5
linked person Rizky Olyvia Nasution · Director p.62 ×11
linked person Noer Fajrieansyah · Direktur p.62 ×12
linked person Hendrika Nora Osloi Sinaga · Komisaris p.76 ×4
linked person Suhajar Diantoro · Komisaris p.76 ×12
linked person Boedi Armanto · Komisaris Independen p.76 ×18
linked person Rety Listya Handayani p.113
linked person Agus Slamet Riyadi p.113
linked org PT Mandiri Sekuritas p.114 ×3
linked org Bank Danamon Indonesia Tbk p.115 ×5
linked org PT Bank DBS Indonesia p.116 ×3
linked org Bank Jtrust Indonesia Tbk p.116 ×11
linked org Bank Tabungan Negara (Persero) Tbk p.117 ×5
linked org PT Bank HSBC Indonesia p.120 ×11
linked org Plaza Indonesia Realty Tbk p.121 ×2
possible org PT TASPEN p.5 ×22
possible org PT ASABRI (Persero) p.5 ×7
possible org Bursa Efek Indonesia p.14 ×4
possible org Bank Mandiri’s p.14 ×2
possible org Otoritas Jasa Keuangan p.15 ×40
possible — Maswar Purnama Purnama · Direktur p.62 ×13
possible person Rudi As Aturridha · Wakil Direktur Utama p.62 ×6
possible — Rio Rio Lanasier · Direktur p.62 ×11
possible — Mahrauza Purnaditya Mahrauza Purnaditya · Direktur p.62 ×13
possible person Mustaslimah · Komisaris Utama p.76 ×2
possible person Prasetio · Komisaris Independen p.77
possible person Gatot Subroto p.86
possible person Ahmad Yani p.87 ×2
possible person Syaiful Anwar p.112
possible org Bank Negara Indonesia (Persero) Tbk p.114 ×50
possible org Bank Negara Tbk p.118 ×2
possible org Prasetyo p.135 ×2
unresolved org PT Bank Mandiri Taspen p.1 ×354
unresolved org PT Bank Mandiri Taspen Melanjutkan Pertumbuhan Berkelanjutan p.5
unresolved org Bank Mandiri VIP. p.5
unresolved org PT Bank Mandiri Taspen Meningkatkan Keunggulan Bisnis Melalui p.7
unresolved org Bank Mandiri Taspen Dalam Industri p.9
unresolved org Bank Mandiri Taspen Position p.9
unresolved org Bank Soundness Level p.9
unresolved org Financial Services Authority p.10 ×7
unresolved org Bank Risk Management Approach p.10
unresolved person Kebijakan Keberagaman · Komisaris p.11
unresolved org Bank Mantap The Overview p.12
unresolved org Bank Mantap p.12 ×14
unresolved org PT Bank Mandiri Taspen Segmen Produk Kredit Credit p.13
unresolved org Bank Mandiri Taspen Pos Bonds I p.14
unresolved org Menteri p.14 ×2
unresolved org Bank Mandiri Law p.14
unresolved org Obligasi (Persero) Tbk p.14
unresolved org PT Bank Sinar Harapan p.14
unresolved org Bank Mandiri Taspen Bali p.14
unresolved org Mandiri (Persero) Tbk p.14 ×4
unresolved org PT Bank Sinar p.14 ×2
unresolved org Exchange. (Persero) Tbk p.14
unresolved org Medium Term Notes (Persero) Tbk p.14
unresolved org Bank Mantap’s Authorized p.14
unresolved org Bank HAM p.14
unresolved org Bank Pasar Sinar Harapan Bali. p.14 ×2
unresolved org Minister of Law p.14 ×2
unresolved org Bank Mandiri Day p.15
unresolved org Bank Berdasarkan BRI Danareksa Sekuritas p.15
unresolved org Indonesia Stock Exchange p.15 ×3
unresolved org Bank Umum Continuous Public Issuance p.15
unresolved org PT Asabri Having Cooperation p.16
unresolved org Kementerian Pertahanan Republik Indonesia. p.16
unresolved org PT ASABRI. Sampai p.16
unresolved org PT ASABRI. As p.16
unresolved org PT ASABRI. Peningkatan Kualitas Layanan Melalui Penguatan Infrastruktur p.16
unresolved org PT Bank Mandiri Taspen Memiliki Induk Perusahaan p.17
unresolved org Bank Mandiri Taspen. This p.17
unresolved org PT Bank Mandiri Taspen Sebagai p.19
unresolved org PT Bank Mandiri Taspen Retiree Welfare Improvement Program p.21
unresolved org PT Bank Mandiri Taspen The Bank p.23
unresolved org PT Bank Mandiri Taspen Pendapatan Bunga p.27
unresolved org Bank Giro p.28
unresolved org Bank Indonesia p.28 ×5
unresolved org PT Bank Mandiri Taspen Informasi Saham Stock Information p.35
unresolved org Bank Mandiri Taspen Table p.36
unresolved org Bank Mandiri Taspen Bond Information p.36
unresolved org Bank Mandiri Taspen Tahap I Tahun p.36 ×2
unresolved org PT Bank Mandiri Taspen Tingkat Suku p.37
unresolved org Bank Mandiri Taspen Beri Bantuan CSR p.38
unresolved org Bank Mandiri Taspen Luncurkan Fitur Online Onboarding p.38
unresolved org Bank Mandiri Taspen Pontianak Gelar Mantap Cooking Club p.38
unresolved org Bank Mandiri Taspen Pontianak p.38
unresolved org Kementerian BUMN p.39
unresolved org PT Klik p.40 ×2
unresolved org Bank Mandiri Opening Warung Mantap Sejahtera p.41
unresolved org Pemerintah Kota Payakumbuh p.41
unresolved org Bank Mandiri Bank Mandiri Taspen p.41 ×2
unresolved org PT AXA Mandiri Financial Services p.42 ×2
unresolved org PT Bank Mandiri Taspen Puji p.47
unresolved org Bank Mandiri Taspen's p.47 ×9
unresolved org Bank References p.47
unresolved person Directorate · Wakil Direktur Utama p.48 ×2
unresolved org PT Bank Mandiri Taspen Analisis Atas Kinerja Bank p.49
unresolved org PT Bank Mandiri Taspen Kredit Non UMKM p.51
unresolved org PT Bank Mandiri Taspen Peranan Direksi p.53
unresolved org PT Bank Mandiri Taspen Human Capital p.55
unresolved org Bank Mandiri Taspen Taspen p.55 ×6
unresolved org Dana Pensiun ASN p.55
unresolved org Bank Mandiri Taspen's Taspen p.55
unresolved org Bank Mandiri. Di p.55
unresolved org Bank Mandiri Agent p.55
unresolved org Bank Business Group Bank Mandiri Taspen p.58
unresolved org PT Bank Mandiri Taspen Informasi p.61
unresolved person Panji Irawan · Direktur p.62 ×4
unresolved — Lanasier · Director p.62
unresolved — Henrisa Yunan Lubis · Direktur p.62 ×4
unresolved — Rima Cahyani · Direktur Keuangan p.62 ×3
unresolved — Cahyani · Director p.62
unresolved — Nasution · Direktur p.62
unresolved org PT Bank Mandiri Taspen Penutup p.63
unresolved org Bank Mandiri Taspen. Taspen. Memasuki p.63
unresolved org PT Bank Mandiri Taspen Direksi p.65
unresolved org PT Bank Mandiri Taspen Dampaknya p.69
unresolved person Amid · Komisaris p.69
unresolved org Bank Soundness Levels. As p.70
unresolved org Bank Soundness p.72
unresolved org Bank Mandiri Taspen. Pengawasan Aktif p.72
unresolved person Committee. Based · Komisaris p.72
unresolved org Bank Mandiri Taspen. Bank Mandiri Taspen. p.73 ×4
unresolved org PT Bank Mandiri Taspen Bank p.75
unresolved person Committees Under · Komisaris p.75
unresolved — Junaidi Hisom · Komisaris p.77
unresolved person Marjana · Komisaris p.77 ×3
unresolved person Suwartini · Komisaris Independen p.77 ×2
unresolved person Edi Eko Cahyono · Komisaris p.77 ×3
unresolved person Vice · President Director p.80 ×2
unresolved person Funding · Direktur Bisnis p.80
unresolved org PT Bank Mandiri Taspen Statement Letter Members p.81
unresolved org PT Bank Mandiri Taspen We p.81
unresolved org PT Bank Mandiri Taspen Nama Panggilan p.84
unresolved person Ida Bagus Alit Sudiatmika p.84 ×2
unresolved org Menteri Kehakiman Republik Indonesia p.84
unresolved person Sudiatmika p.84
unresolved org Minister of Justice p.84 ×2
unresolved org PT Bank Mandiri Taspen Akses Informasi Information Access p.85
unresolved org Bank Official Whatsapp p.85
unresolved org PT Bank Mandiri Taspen KANTOR CABANG BRANCH OFFICES p.87
unresolved org Bank Mandiri Mantap p.89
unresolved org PT Bank Mandiri Taspen Riwayat Singkat Perusahaan Brief p.91
unresolved person Ida Sudiatmika · Notaris p.91
unresolved org PT Bank Sinar Harapan Bali. p.91
unresolved person I Gusti Ngurah Putra Wijaya p.91 ×3
unresolved org Minister of Law and Human Rights p.91
unresolved org PT Bank Mandiri Taspen Perubahan Data p.93
unresolved org Kementerian Hukum dan Hak Asasi Manusia Republik p.93
unresolved org Direktorat Jenderal Administrasi Hukum Umum p.93
unresolved person Zulkifli Harahap p.93
unresolved org Menteri Hukum Republik Indonesia p.93
unresolved org PT Bank Sinar Harapan Harapan Bali p.93
unresolved org PT Bank Mandiri Taspen Post p.93
unresolved org PT Bank Mandiri Taspen MISI Mission Menciptakan p.95
unresolved org Bank Mandiri Taspen. Do p.96
unresolved org Bank Mandiri Taspen. Adalah p.96
unresolved org PT Bank Mandiri Taspen. These p.112
unresolved org PT Bank Mandiri Taspen Nama p.113
unresolved org PT Bank Mandiri Taspen Rudi As Aturridha p.115
unresolved org Sertifikasi Manajemen Risiko. p.115
unresolved org PT Kereta Api p.115
unresolved org PT Bank Chinatrust Indonesia p.116 ×2
unresolved org Bank Pembangunan Daerah Jawa Barat Tbk p.116 ×4
unresolved org Daerah Jawa Barat Tbk p.116
unresolved org Jawa Barat Tbk p.116
unresolved org PT Bank Mandiri Taspen Henrisa Yunan Lubis p.117
unresolved org Indonesia (Persero) Tbk p.117 ×5
unresolved org PT Tenarin Innovasi Indonesia p.117 ×2
unresolved org PT Bank Mandiri Taspen Mahrauza Purnaditya p.119
unresolved org PT Dahana p.120 ×2
unresolved org PT Bank Mandiri Taspen Noer Fajrieansyah p.121
unresolved person Prof. Dr. Moestopo p.121 ×2
unresolved org Bank Taspen p.121 ×2
unresolved org Realty Tbk p.121
unresolved org PT Perusahaan Perdagangan Indonesia (Persero) p.121
unresolved org PT Dharma Niaga Putera Steel p.121 ×2
unresolved org PT Petrokimia Gresik p.121 ×2
unresolved person Akta Keputusan Sirkuler · Direktur Utama p.122
unresolved person Circular Decree · President Director p.122 ×2
unresolved org PT Bank Mandiri Taspen Tabel Komposisi p.123
unresolved org PT Bank Mandiri Taspen Profil Pejabat Eksekutif Executive p.135

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